Day: September 14, 2024

Bitcoin Price Recovery Hinges On This Key Market Indicator, Reveals Analyst

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

DOT, POL, XRP, ADA face a tough rival expected to rise from $0.03 to $15 by end of 2024

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. New digital asset poised to rival DOT, POL, XRP, and ADA, with a forecasted surge from $0.03 to $15 by end of 2024. Cryptocurrencies like DOT, POL, XRP, and ADA may soon face a formidable rival. It is predicted that a new digital asset will surge from $0.03 to $15 by the end of 2024. This article will explore which cryptocurrencies are poised for significant growth and unveil the…

Polygon Soars 16.6% As Binance Completes POL Token Migration

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Este artículo también está disponible en español. The Polygon Network recently underwent a technical upgrade to migrate their native token from MATIC to POL. Following the migration, the new token’s price struggled to gain momentum, failing to reclaim the $0.39 resistance level. However, Binance’s recent listing of POL has pumped its price above key levels. Related Reading Binance Completes Polygon Token Migration On Friday morning, global exchange Binance completed the token migration from MATIC to POL. The exchange had stated it would support Polygon’s token swap by delisting all MATIC…

Crypto freedom on the chopping block? eToro’s SEC deal raises alarms

Could eToro’s settlement with the SEC be the beginning of a major shift in how crypto assets are regulated? Will other platforms face similar crackdowns in the near future? SEC strikes, eToro settles eToro, an Israel-based global crypto trading platform, has found itself caught in a regulatory shake-up. Known for offering a variety of assets like stocks and cryptocurrencies, the company recently agreed to a settlement with the U.S. Securities and Exchange Commission. The SEC claims that eToro allowed U.S. customers to trade certain crypto assets without registering them as…

Bitcoin’s Momentum Builds, But Reclaiming $60,000 is Crucial, Says Analyst

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Bitcoin continues to show volatility in the market, with bulls slowly gaining momentum, but key resistance levels remain a challenge. $90,000 Is In Play, But This First Renowned crypto analyst Captain Faibik recently shared his bullish outlook for Bitcoin, forecasting that the asset could touch $68,000 by the end of this month if it successfully reclaims the critical $60,000 level. Faibik emphasized that a daily candle close above $60,000 would be crucial for pushing Bitcoin toward new highs by December. Faibik also highlighted the potential for a Broadening Wedge pattern…

Japanese yen carry trade unwind

Bitcoin and most altcoins remained in a tight range as the crypto fear and greed index moved to the fear zone of 33 ahead of the Federal Reserve and Bank of Japan decisions. Bitcoin (BTC) has been stuck below $60,000 this week while Ethereum (ETH) was below $2,400. Other big coins like Solana, Tron, and Litecoin were barely moved this week. Bitcoin’s consolidation occurred as MicroStrategy, the largest corporate holder of Bitcoin, added more coins to its balance sheet. The company now holds 244,800 coins worth over $14.1 billion. Spot…

Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly?

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Data shows that the positive sentiment around Bitcoin has spiked on social media after BTC’s return above $58,000, implying investors may feel FOMO. Bitcoin Positive Vs. Negative Sentiment Ratio Has Spiked Recently According to data from the analytics firm Santiment, the crowd has recently shown a sudden burst of optimism around Bitcoin. The indicator of relevance here is the “Positive Sentiment vs. Negative Sentiment Ratio,” which, as its name suggests, keeps track of the ratio between the positive and negative comments on social media related to a given coin. The…

New charges — new problems: Will Tether survive them?

Consumer advocacy group Consumers’ Research has released a report accusing Tether, the issuer of the USDT stablecoin, of being opaque and not conducting a full audit of its dollar reserves. Teather is accused of being non-transparent (again) Consumers’ Research analysts said that the USDT issuer has yet to conduct an audit of its reserves, although it has promised to do so since 2017. In addition, the stablecoin received a “4 out of 5” stability rating in the S&P Global rating, where “5” is the worst. The report includes a letter…

CFTC Teams up With SEC to Fight Cryptocurrency Scams

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The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers recognize and avoid these “pig butchering” scams, which defraud victims by building false trust and promoting fake cryptocurrency […] Source

The Roadmap To New All-Time Highs

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Este artículo también está disponible en español. Crypto analyst Dan Gambardello has highlighted the Cardano (ADA) roadmap to a new all-time high (ATH). The analyst also suggested that Cardano was halfway to reaching a new high, noting what part of its cycle the coin was currently at.   Cardano Is In Stage 3 Of Its Cycle Gambardello remarked in an X (formerly Twitter) post that Cardano is in stage three of its cycle. He claimed that this part of the cycle for ADA is the “Told you. You should’ve listened” stage.…