Day: September 26, 2024

Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again

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Este artículo también está disponible en español. Ethereum, the second-largest cryptocurrency by market capitalization, has yet to reclaim the $3,000 price level since early August. Since the beginning of September, Ethereum has mostly traded below $2,600, but this week brought a glimmer of hope for investors as it finally managed to break above the $2,600 threshold. Now that this resistance threshold has been broken, the next outlook is a continued surge up until the $3,000 price level. An analysis on the CryptoQuant platform points to a potential catalyst for this move…

Crypto PACs Dominate Ohio Senate Race, Spending $40M on Sherrod Brown’s Foe

If Brown loses, the chances get much higher that Republicans take the Senate majority, and Sen. Tim Scott (R-S.C.) potentially becomes the next chairman. Though Scott’s crypto views had long been muted, he recently cheered on digital assets innovations at the Nashville Bitcoin 2024 event, and at a symposium in Wyoming hosted by the SALT Conference, he floated a crypto-specific subcommittee if he wins the gavel. Source

US Charges Two Russian Nationals in Money Laundering Scheme Involving Crypto Exchanges

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The US government charged two individuals with operating a multi-billion-dollar money laundering scheme. Law enforcement agencies disrupted the global cybercriminal operation and seized websites associated with illegal crypto exchange activities. The US Department of Justice, alongside international partners, took down three cryptocurrency exchanges allegedly used to launder billions of dollars, particularly for ransomware operators, darknet drug traffickers, and other cybercriminals, the DOJ reported. Major Ransomware Operations The charged individuals of Russian nationality reportedly catered to criminals through their platforms by facilitating payments for stolen credit card data, ransomware profits, and…

Q4 Outlook Indicates Parabolic Move Toward $120,000

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Este artículo también está disponible en español. For the past five days, the Bitcoin price has remained locked in a narrow range between $62,000 and $64,000, following a surge of bullish sentiment triggered by the US Federal Reserve’s (Fed) decision to cut interest rates on September 18.  This pivotal move by the Fed has sparked optimism among investors. Yet, Bitcoin has struggled to consolidate above the critical $64,000 level, which, if surpassed, could pave the way for a retest of previously lost resistance levels, potentially targeting $70,000 in the near…

Bitcoin rallied on Thursday, but recent history says this pop will fade as well

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Bitcoin rallied on Thursday, but if trading this year is any guide, this pop will be one to fade. On the fundamental side, investors have had lots of seemingly positive developments to hang their hopes on. But looking at the bitcoin chart, it’s been six months since the flagship cryptocurrency hit its record above $73,000 It’s in a listless pattern, drifting to lower and lower highs. Bitcoin has had a lot going for it in that time — stocks have been climbing to new highs, both U.S. presidential candidates have…

Bitcoin Predictions Range From $56K To $180K: Analysts

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Este artículo también está disponible en español. The price of Bitcoin has been a heated issue recently since different financial institutions project different future images of it. Bitcoin is valued about $63,000 as of September 26, 2024; it shows some consistency following previous swings. Related Reading This price is still significantly higher than its value just a year ago when it hovered around $26,000. The cryptocurrency market remains volatile, and many analysts are weighing in on what lies ahead for Bitcoin. Predictions From Financial Institutions Various financial firms project different…

Crypto.com Unveils AI-Powered SDK for Blockchain Developers

Crypto.com has introduced a new artificial intelligence (AI) tool designed to aid developers in integrating natural language capabilities with blockchain functions. The new software development kit (SDK) aims to streamline development within the Web3 ecosystem by enabling easier interactions with Crypto.com’s services and blockchain protocols. AI Meets Blockchain: Crypto.com’s Latest Tool for Developers According to […] Source CryptoX Portal

Bitcoin Peaks At Highest Value In 2 Months Above $65,000: Bull Run Predictions

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Este artículo también está disponible en español. For the first time in nearly two months, Bitcoin (BTC) has surpassed the $65,000 mark, marking a significant recovery following two notable downturns in August and September. During these crashes, Bitcoin experienced a steep decline of 20% on two separate occasions, specifically on August 5 and September 6.  However, as October approaches—a month often associated with a bullish resurgence for Bitcoin—market predictions are increasingly optimistic, suggesting that the cryptocurrency might be gearing up for another major uptrend. Could Bitcoin Reach $79,000 In October?…

Bitcoin Descending Triangle Formation Says A Crash Is Coming, How Low Can It Go?

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Este artículo también está disponible en español. A crypto analyst has just confirmed an impending Bitcoin (BTC) crash, pointing to the formation of a bearish descending triangle formation on the cryptocurrency’s price chart. With Bitcoin’s price holding strong above the $60,000 mark, the key question now is how low this anticipated downturn is.  Analyst Confirms Incoming Bitcoin Crash TradingView crypto analyst, Alan Santana has published a report warning of potential risks in Bitcoin’s current price behavior, pointing to a possible price crash driven by the formation of a new descending…