Day: August 13, 2024

BTC Muted After Crypto Goes Unmentioned in Musk-Trump Interview

One bitcoin analyst sees renewed losses in the short term, with the price falling by $5,000 from the going market rate of around $58,500. “Bitcoin is likely to fall by $5K rather than rise by the same amount,” Alex Kuptsikevich of FxPro said in an email. Kuptsikevich’s bearish take stemmed from bitcoin’s failure to keep gains above $60,000 in the wake of the death cross, a bearish crossover of the 50- and 200-day simple moving averages. “Bitcoin does not break above $60K and faces selling after it tried to break…

U.S. Crypto Insiders Courting Vice President Harris Chase Whispers of Her Openness

Industry insiders have balked this week at some of the news of Harris’ campaign hires, because the officials — including President Joe Biden’s former director of his National Economic Council, Brian Deese, and Bharat Ramamurti, who was the council’s deputy director — have been associated with past actions against crypto. She’s also tapped Brian Nelson, a former senior Treasury Department who spent some of his tenure scrutinizing the role of digital assets in terrorism and illicit finance, but she also brought on David Plouffe, a high-profile Democratic political mind who…

Bitcoin (BTC) Likely to Fall by $5K Than Rise by Same Amount: Analyst

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as…

Crypto Analyst Predicts Surge To $5

boss

According to the analysts on the Discover Crypto YouTube channel (with 1.4 million subscribers), Cardano might surge to $5. This prediction starkly contrasts with the pessimistic views currently circulating within the broader cryptocurrency community, challenging recent headlines that have questioned ADA’s future viability. Why Cardano Could Hit $5 The analyst first addressed the negative sentiment surrounding Cardano, pointing out a series of bearish headlines from various crypto news outlets. He highlighted the contradiction between the public perception of Cardano as a “dead coin”t and the ongoing vigorous development activities within…

$3 Million PEPE Gamble Sparks Speculation Of Price Surge

boss

Within the past week, an aggressive accumulation of 420 billion PEPE tokens in two transactions worth 3.13 million USDT has been made by a crypto whale identified as “cookislandstrust.eth”. This strategic move, starting at the height of the market dip on August 5, has returned a profit of $170,000—equating to a 5.5% gain. Related Reading Whale’s Big Appetite However, the whale’s action did not stop at PEPE. The same day, they bought nearly 3,000 Ether against 7.05 million USDT during the market slump for an unrealized profit of $534,000, up…

Verofax Partners With Climate Tech Firm Netgreen to Power Global Reforestation Efforts

Blockchain firm Verofax has teamed up with climate tech startup Netgreen to enhance global reforestation efforts. The partnership aims to create a transparent and efficient way for individuals to support tree-planting initiatives. This collaboration will also help track and measure carbon capture, preventing double counting and ensuring compliance with environmental standards. Linking People to Verified […] Source CryptoX Portal

Bitcoin could see short-term price surge amid increased whale activity

boss

Bitcoin has been moving sideways recently, but a key indicator shows a potential price surge might be ahead. The Bitcoin (BTC) price has been consolidating close to the $59,000 mark over the past day with a brief surge to $60,680 earlier. BTC is up by 0.6% in the past 24 hours and is trading at $58,900 at the time of writing. BTC price, whale activity, funding rate, exchange activity and dormant circulation – Aug. 13 | Source: Santiment Moreover, the flagship cryptocurrency witnessed a 24% increase in its daily trading…

Ethereum Targets $3,000 After Market Shakeout, CryptoQuant Sees Impulsive Bull Run Ahead

boss

After enduring a significant downturn at the beginning of the past week, Ethereum (ETH), the second-largest cryptocurrency, has staged a modest recovery, reclaiming the crucial $2,600 level and setting its sights on the $3,000 milestone once again. The August 5 crash, which saw Ethereum’s price plummet to $2,112, marked the year’s largest market slump. However, the digital asset has since bounced back, 8% in the last seven days, hinting at the possibility of a more sustained bullish trend. Massive Ethereum Liquidations Trigger Bullish Signals According to a recent report by…

Spot Bitcoin ETFs see $27.87m inflows, outpacing Ethereum ETFs by wide margin

boss

Spot Bitcoin exchange-traded funds in the United States began the week with net inflows that were more than five times greater than those of spot Ethereum ETFs. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw inflows of $27.87 million on Aug. 12, a flip from the $45.14 million outflows recorded on Aug. 9. Interestingly, ARK 21Shares’s ARKB led the lot with $35.4 million, bringing its total inflows since launch to $2.45 billion. BlackRock’s IBIT followed with $13.4 inflows, being the only one to record a second consecutive…