Day: September 6, 2024

Bitcoin and altcoins rise as NFP data point to a large rate cut

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Cryptocurrency prices rose slightly after the U.S. published another weak nonfarm payroll report. Bitcoin (BTC) rose to $56,500 while Ethereum (ETH) jumped to $2,400 on Friday, Sept. 6. In the latest report, the Bureau of Labor Statistics showed that the economy added 142k jobs in August, lower than the median estimate of 164k. The bureau also revised the July figure from 114k to 86k. On Sept. 5, a report by ADP showed that the private sector created just 99,000 jobs in August.  The unemployment rate slipped to 4.2% from the…

South Africa Leverages AI to Track Down Tax-Dodging Crypto Traders

The South African government is tightening its grip on cryptocurrency trading. Tax authorities (SARS) are issuing tax notices and clarifying regulations, likely using AI to identify non-compliant traders. The central bank meanwhile has clarified rules for crypto purchases, allowing individuals limited investment but restricting companies. SARS Using AI to Track Down Tax Dodgers South African […] Source CryptoX Portal

Dogecoin Moving Averages Say Accumulation Has Ended, Here’s Where Price Is Headed Next

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Este artículo también está disponible en español. Dogecoin entered an extended accumulation range after hitting a new yearly peak in May 2024. Since then, the price has fluctuated widely, presumably giving investors time to enter back into the meme coin at lower prices. However, with the market on a decline and expectations for a recovery on the horizon, Dogecoin investors seem to be done with their buying. This signals that the drawn-out accumulation trend could be at an end, something that could be bullish for the meme coin’s price. Why…

Cardano Bull Sees ADA Jumping 1,000% in an ‘Insane’ Rally

Este artículo también está disponible en español. Cardano has been in the limelight lately, not only because it has slightly increased in price but also due to its forecasted surge. According to predictions, ADA may surge up 16% and reach as high as $0.37 by October 2024. But what really drew interest was the bold statement of Cardano analyst Dan Gambardello, that ADA could rally a whopping 1,000% against Bitcoin. Related Reading Gambardello’s forecast is based on a very similar setup to the bullish divergence in 2020 that indeed triggered…

Two Cryptocurrencies To Watch In September

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Este artículo también está disponible en español. As the cryptocurrency market navigates through a challenging year, September 2024 has emerged as a crucial month for investors, particularly those with stakes in Solana (SOL) and the rapidly growing meme coin, Mpeppe (MPEPE). Both cryptocurrencies have captured the attention of the market, albeit for different reasons. Solana (SOL) is under scrutiny following a steep decline, while Mpeppe (MPEPE) is gaining momentum as its presale stage 3 nears completion. This article explores why these two cryptocurrencies are worth watching closely this month. Solana…

Still Sold On Solana? Holders Join Mpeppe Presale After Sliding A Further 12.69%

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Este artículo también está disponible en español. In the turbulent seas of cryptocurrency, even giants like Solana (SOL) are not immune to the forces of market volatility. Recently, Solana (SOL) has seen a significant downturn, sliding a further 12.69%, prompting its holders to reevaluate their positions and seek refuge in new and promising opportunities. Among the alternatives capturing attention is the rapidly growing meme coin presale, Mpeppe (MPEPE), which has been drawing in investors at an astonishing rate. Solana’s Decline: A Disappointing Year Solana (SOL), once hailed as the Ethereum…