Month: September 2024

Bitcoin Momentum Indicators Are All Showing Death Cross: Say Hello To Bear Market?

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Data shows three popular Bitcoin momentum indicators recently formed a death cross pattern. Here’s what usually follows this formation. Bitcoin Momentum Indicators Have Seen Bearish Crossovers Recently In a new CryptoQuant Quicktake post, an analyst has discussed the latest trend in three momentum indicators related to Bitcoin. The momentum indicators here refer to combinations of some important moving averages (MAs) related to the cryptocurrency. The first is the “Active Address Momentum,” which involves the 30-day and 365-day MAs of the daily unique number of BTC Active Addresses. An address is…

Bitcoin.com’s VERSE Token Now Accepted for Flight and Hotel Bookings on Jetvoy.com

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Bitcoin.com, a pioneer in the cryptocurrency space since 2015, announced today that its ecosystem token VERSE will be accepted as a payment method on Jetvoy.com, a cutting-edge travel booking platform. “This integration marks a significant step forward in expanding the utility and adoption of VERSE within the global travel industry,” said Bitcoin.com CEO Corbin Fraser. […] Original

Weeks After Ether ETF Debut, ETH Market Liquidity Down 20%

“Although the market liquidity for ETH pairs on centralized exchanges remains greater than what was at the beginning of the year, the liquidity has dropped by nearly 45% since its peak in June,” Jacob Joseph, a research analyst at CCData, told CoinDesk in an interview. “This is likely due to the poor market conditions and the seasonality effects in the summer, often accompanied by lower trading activity.” Source BitcoincryptoexchangeExchanges CryptoX Portal

Analyst Foresees 480% Price Surge—Here’s Why

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Este artículo también está disponible en español. Shiba Inu (SHIB) lack of bulls in terms of price performance hasn’t stopped the crypto community to lose faith in the meme coin. Recently, renowned analyst Javon Marks shared an optimistic outlook for the meme-based cryptocurrency. This outlook shared by Marks comes at a time when SHIB is currently going through a bearish phase, although SHIB is not alone in this bearishness as several other notable meme coins such as Dogecoin (DOGE), PEPE and dogwifhat (WIF) has also seen major plunge in value.…

Spot Bitcoin ETF outflows surge six-fold, Ether ETF outflows slow down

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Spot Bitcoin exchange-traded funds in the U.S. saw a significant jump in net positive flows while spot Ether ETFs outflows slowed down. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged outflows of $211.15 million on Sep. 5, a surge of over six times compared to the $37.29 million outflows recorded the previous day. Fidelity’s FBTC led the lot with $149.5 million leaving the fund. Biwise’s BITB, Grayscale’s GBTC, and Grayscale Bitcoin Mini Trust followed with recorded outflows of $30 million, $23.2 million, and $8.4 million, respectively.  Notably,…

Travala.com partners with Skyscanner to expand crypto use in travel

Travala has inked a significant collaboration with travel marketplace Skyscanner, enabling crypto payments for hotel bookings to millions of travelers globally. The crypto-native travel platform Travala announced on Sept. 5 that it had integrated with Skyscanner, bringing Travala.com’s inventory of over 2.2 million hotels to Skyscanner’s users. Travala supports over 100 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), BNB (BNB), Tether (USDT) and XRP (XRP). Visibility to aid crypto adoption Travala, launched in 2017, has grown to include booking integrations with over 2.2 million properties across 230 countries. Skyscanner, with its…

Dogecoin Among Altcoins Seeing Deepest Trader Losses: DOGE Rebound Soon?

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Este artículo también está disponible en español. On-chain data shows that Dogecoin (DOGE) is among the altcoins that have observed significant losses for 6-month traders, which may help the coin’s price rebound. Dogecoin MVRV Suggests DOGE May Be Offering A Buy Window In a new post on X, the on-chain analytics firm Santiment has discussed how assets like Dogecoin and XRP (XRP) have been looking like regarding trader returns on various timeframes. The indicator of relevance here is the popular “Market Value to Realized Value” (MVRV), which keeps track of…

America To Reign As Crypto And Bitcoin Epicenter, Latest Statement Reveals

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Este artículo también está disponible en español. As the November elections draw near, former President Donald Trump is ramping up his support for Bitcoin and the broader cryptocurrency industry, positioning digital assets as a central theme in his campaign for the White House.  America As The Bitcoin Capital During a recent address at the Economic Club of New York, Trump articulated his vision for embracing industries of the future, notably positioning the United States as the global hub for crypto and Bitcoin.  “Instead of attacking industries of the future, we…

Why Is RUNE Down 70% And Still Dumping?

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Cardano (ADA) Path To Recovery: Can It Fuel a Strong Rally?

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Cardano price found support near the $0.3050 level. ADA is now recovering higher and might aim for more gains above the $0.3360 resistance. ADA price started a recovery wave from the $0.3050 level. The price is trading above $0.320 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.3245 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move up if it remains stable above the $0.3200 support zone. Cardano Price Shows…