Month: September 2024

Bitcoin reaches $55k as exchange net flows plunge

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Bitcoin is back to the psychological $55,000 zone amid declining on-chain activity on exchanges. Bitcoin (BTC) is up 0.9% in the past 24 hours and is trading at $55,000 at the time of writing. The leading cryptocurrency briefly fell to an intraday low of $53,650 on Sept. 8 as bearish sentiment dominated the crypto market. Bitcoin price, RSI and exchange activity – Sept. 9 | Source: Santiment Moreover, BTC’s daily trading volume increased by 33%, reaching $22 billion. According to data provided by Santiment, Bitcoin witnessed a daily exchange inflow…

Trump Threatens Countries Leaving the U.S. Dollar With 100% Tariffs

Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you’re not doing business with the United States because we are going to impose a 100% tariff on your goods.” These statements come months after reports indicated that […] Source CryptoX Portal

Crypto Exchange Woo X Introduces Copy Trading, With a Twist

However, the existing model required recalibration, according to Woo X COO Willy Chuang, such that lead traders don’t just profit from exchange fees or other misaligned incentives. Another improvement was finding a way to reduce the consistent pressure on lead traders to always outperform, which prompted Woo X to add the flexibility of a countertrade option. Source

Moscow Exchange Opts out of Russia’s Crypto Trading Program

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The Moscow Exchange (MOEX), Russia’s largest securities marketplace, will not participate in an experimental program for cryptocurrency trading, as confirmed by Nikolai Trunichkin, head of digital projects at the exchange. This decision follows the Russian State Duma’s July approval of a legislative package to legalize digital currencies, allowing exchange trading under the oversight of the […] Source

Dogecoin (DOGE) Bulls Aim to Clear $0.10: Will It Happen?

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Dogecoin started a recovery wave from the $0.0888 zone against the US Dollar. DOGE is rising and might even clear the $0.100 resistance zone. DOGE price is aiming for a fresh increase above $0.100. The price is trading above the $0.0950 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.0955 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.0980 and $0.100 levels. Dogecoin Price…

XRP Price Holds Ground at $0.50: Can Bulls Push for a Comeback?

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XRP price managed to stay above the $0.5000 level. The price is rebounding and must clear the $0.5480 resistance level to start a decent increase. XRP price is struggling to gain pace for a move above the $0.5350 zone. The price is now trading below $0.5320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.5280 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline again if it fails to clear $0.5320 and…

Latam Insights: Venezuelan Opposition Leader Proposes Bitcoin Reserve; Maduro Wants to Retake the Crypto Path

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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, Venezuelan opposition leader María Corina Machado proposes creating a bitcoin reserve, Venezuelan President Nicolás Maduro states that the country must retake the crypto path, and a GAFILAT report indicates that bitcoin has not […] Original

Ethereum Price Recovery May Stall Near 100-SMA: Is a Drop Coming?

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,280. ETH must clear the $2,360 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,150 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,360 resistance to continue higher in the near term. Ethereum…

Bitcoin Price Rebounds, But Could the Downtrend Return?

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Este artículo también está disponible en español. Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $55,500 or $56,000 resistance levels in the near…