Day: September 2, 2024

Bitcoin (BTC) Drops Toward $57.5K, Extends Weekly Loss to 10% at Start of Seasonally Bearish September

“September is a historically negative month for Bitcoin, as data shows it has an average value depletion rate of 6.56%,” Innokenty Isers, founder of crypto exchange Paybis, said in a Monday email. “Should the Feds cut the interest rate in September, it might help Bitcoin re-write its negative history as rate cuts generally lead to excessive US dollar flow in the economy – further strengthening the outlook of bitcoin as a store of value.” Source

OKX Announces ‘Automated Arbitrage’ Facility for Bitcoin Traders

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“With this enhanced Smart Arbitrage bot, we continue to lead the way in providing automated, intuitive trading solutions that empower traders of all experience levels in the crypto market. By introducing further automations, we’ve improved the accessibility and ease of executing sophisticated strategies like arbitrage,” Lennix Lai, global chief commercial officer at OKX, said. Original

Could This Trigger A Price Tsunami?

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Este artículo también está disponible en español. Once again generating news is Ripple as the company issued 1 billion XRP coins from its escrow accounts on September 1, 2024. Costing more than $560 million, the release has caused waves in the digital currency market. Related Reading First, 500 million XRP were released in three consecutive phases; next were 200 million and finally 300 million. Every one of the three transactions was completed within minutes, suggesting that Ripple was onto maintaining really good token supply control. Market Reaction To The Unlock…

$13M Tron Investors Exits TRX As New Cryptocurrency Promises Stronger Returns

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Este artículo también está disponible en español. Tron (TRX) has been a focal point in the crypto community, especially as investors begin to shift their attention to new and emerging cryptocurrencies that show significant potential. With a massive $13 million exit from Tron (TRX), it seems that some of its major investors are now eyeing what could be the next big thing in the crypto world—enter Mpeppe (MPEPE), a new contender making waves alongside other rising stars like DTX Exchange (DTX). Tron (TRX): A DAO Favorite, But Investors Seek More…

Render Whales Add New Render-Like Cryptocurrency Priced $0.00177

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As we move into the fourth quarter of 2024, seasoned investors in Render (RNDR) have started to turn their attention towards a new and promising cryptocurrency—Mpeppe (MPEPE). With over 90% of its tokens already sold, Mpeppe (MPEPE) is rapidly gaining traction among those who recognize its potential for massive returns. Here’s why this new cryptocurrency is capturing the interest of Render (RNDR) whales. Render (RNDR): Current Market Sentiment and Future Potential Render (RNDR), a leading player in the decentralized AI and rendering space, has experienced a challenging market phase over…

Is Another Massive Bitcoin Sell-Off Coming?

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Este artículo también está disponible en español. Bitcoin has suffered its second worst monthly close in the year 2024 after completing August with 8.6% losses. This falls short only to April losses when the price fell 14.76% in one month. As this red close has shaken investors, mixed feelings have followed the month of September. While some expect the Bitcoin price to recover during this time, others expect that the bearishness will continue, with one analyst expecting a significant drop in price. September To Witness Another Bitcoin Price Drop? A…

Latam Insights: Bukele Used Bitcoin as a Rebranding Tool; Bitcoin Mining Companies Stop Operating in Paraguay After Power Fee Hikes

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Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: Salvadoran President Nayib Bukele acknowledges that bitcoin rebranded the country, some bitcoin mining companies have stopped operating in Paraguay after the recent power fee hikes, and Argentines lead Latam in stablecoin adoption. Bukele […] Original

Scenes From Israel, Where Protesters Blame Netanyahu for Deaths of Hostages

There is a word that until now was not used by Israelis to describe their Prime Minister, Benjamin Netanyahu. Yesterday it was everywhere: in red on handmade signs at the protests that broke out across the country, on angry social media posts in Hebrew, and in the mouths of outraged citizens: “Murderer.” The judgment followed the bitter news on what was supposed to be a joyous first day of the school year, Sept. 1. Not only were six more Israeli hostages in Gaza found dead. The details of their deaths…

Key Supports That May Spark a Bullish Upside?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…