AAVE Breaks Out Of 2-Year Accumulation Range, Is A Parabolic Run Ahead?

AAVE has become one of the best-performing cryptocurrencies this month. Throughout August’s market retraces, AAVE has remained among the few tokens registering green numbers in most timeframes. The cryptocurrency recently broke above a crucial level, which made investors and analysts turn their eyes to the token. Its recent performance suggests a parabolic run is around the corner. AAVE Shows Strength Amid Market Crashes AAVE, the native token of the crypto lending protocol with the same name, has had one of the best performances in August. The token rose 43.7% in…

This on-chain movement could bring Bitcoin price down, analyst says

Bitcoin surpassed the $60,000 mark again as the broader market witnessed a recovery, but a key indicator shows the expectation of another price fall. Bitcoin (BTC) surged by 2% in the past 24 hours and is trading at $60,800 at the time of writing. Its daily trading volume increased by 30%, reaching $34.8 billion. Bitcoin’s market cap is currently sitting at the $1.2 trillion border. According to an X post by CryptoQuant, the surge comes as BTC over-the-counter desk balances for miners have increased by 71.2% over the past three…

Crypto Exchange Giant Ramps Up Compliance Hiring, Spends $200 Million

Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials Demetris Taxitaris | MAP S. Platis | Executive Testimonials In this video, Demetris Taxitaris, CEO of MAP S. Platis, discusses the significant impact of the upcoming MiCA regulation on the European crypto industry. He explains how MiCA will revolutionize the industry by transitioning crypto exchanges…

Bitcoin ETFs attract $39.4m in inflows as Ether ETFs struggle with fifth consecutive day of outflows

Spot Bitcoin ETFs have seen their third consecutive inflow day this week, while spot Ether ETFs saw net outflows, adding to their five-day negative flow streak. According to data from SoSoValue, the 12 spot Bitcoin exchange-traded funds recorded $39.42 million in net inflows on Aug. 21, representing a 55% decline compared to the $88.06 million net inflows seen on Aug. 20. Grayscale’s mini Bitcoin trust led the charge with reported inflows of $14.2 million following three days of no activity. Fidelity’s FBTC and Bitwise’s BITB followed next with inflows of…

Where Is Bitcoin And Ethereum Headed? Analyst Reveals Key Levels to Watch

Amid Bitcoin’s continuous consolidation below the $61,000 price mark over the past weeks, renowned trading guru Peter Brandt, with decades of experience in the financial markets, has recently shared an update on his outlook for Bitcoin and Ethereum. His analysis comes at a time when both of these assets have been unable to maintain a strong rally in the past weeks but have only continued to see consistent plunges. Bitcoin And Ethereum Next Move In his latest update, Brandt identifies a “megaphone” or “expanding triangle” pattern on Bitcoin’s weekly and…

TRON revenue hits new ATH, price falls despite market-wide rally

TRON’s daily revenue reached a new all-time high while its price witnessed a quick correction after touching its 40-month-high. On Aug. 21, TRON (TRX) reached $0.165, a level not seen since April 2021. The rally was majorly triggered by the SunPump meme coin hype as investors jumped on the Pump.fun competitor. However, TRX quickly faced increased selling pressure as both long-term and short-term holders aimed at profit-taking. TRON declined 5% in the past 24 hours and is trading at $0.151 at the time of writing. TRX price and RSI –…

Ethereum Is Flat, and Whales Selling: More Pain to Follow?

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Is a Gradual Rise Ahead?

Bitcoin price remains steady above the $60,000 zone. BTC is now consolidating gains, and the bulls could aim for a move above the $62,000 resistance zone. Bitcoin started a consolidation phase above the $60,000 zone. The price is trading above $59,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $59,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might attempt a fresh increase if it clears the $61,500 resistance zone. Bitcoin Price Holds Gains…