Data shows the crypto derivatives market has suffered a lot of liquidations in the past day as Bitcoin and others have plummeted. Bitcoin Has Declined More Than 3% In The Last 24 Hours Bitcoin has continued its recent bearish momentum in the past day as its price has observed a further plunge, coming down to the $56,600 level. The chart below shows what the asset’s latest performance has looked like. During this plunge, Bitcoin briefly went down to the $55,600 level for the first time since the first-third of August.…
Month: September 2024
Swiss Bank ZKB Partners With Crypto Finance to Launch Crypto Asset Brokerage
Zürcher Kantonalbank (ZKB), Switzerland’s largest cantonal bank, has partnered with Crypto Finance AG to offer crypto asset brokerage services. By partnering with Crypto Finance AG, ZKB gains access to an experienced and regulated partner with deep industry expertise in the crypto space. This partnership marks a significant step towards the broader acceptance of cryptocurrencies in […] Source CryptoX Portal
AAVE Whale Goes On $6.78M Buying Spree, Price Recovers 16%
Este artículo también está disponible en español. AAVE, the native token of the crypto lending protocol with the same name, was among the top performers during August. The cryptocurrency showed strength throughout the retraces, displaying green numbers in most timeframes after recovering. Its performance gathered the attention of crypto analysts, who consider the token could become a top narrative at the end of the year. As a result, crypto whales have turned their eyes to the token, accumulating millions of dollars worth of AAVE in the past month. Related Reading…
Spot Bitcoin and Ethereum ETFs see 2nd consecutive day of joint outflows streak
Spot Bitcoin and Ethereum exchange-traded funds in the United States continue their streak with a second consecutive day of joint outflows this week. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $37.29 million in net outflows on Sep. 4, marking the sixth consecutive day of outflows. Notably, the outflows from these ETFs were 87% lower than the $287.78 million outflows experienced the previous day—their highest outflows since May 1. Grayscale’s GBTC led the lot with $34.2 million leaving the fund, pushing its total outflows to date to…
Trustpilot Flags “Fake” Binance Reviews: Disables Crypto Exchange’s TrustScore
Trustpilot, a platform where real users provide reviews, has disabled the ‘TrustScore’ of crypto exchange Binance, alleging the detection of “a number of fake reviews for this company.” The review platform has already removed the fake reviews. “If additional suspicious reviews are discovered on this profile, we’ll remove those too. If you believe a review is fake, you can flag it,” a banner on the verified page of Binance on Trustpilot stated. “We take the integrity of our platform very seriously and wanted to let you know this company hasn’t…
Analyst launches BTC miner M&A deal tracker
H.C. Wainwright, an investment bank that offers strategic advisory and equity research has launched a Bitcoin mining-focused deal tracker. Mike Colonnese, a managing director of equity research at H.C. Wainwright, announced the launch of the Bitcoin (BTC) ‘HCW BTC Miner M&A Deal Tracker’ in a note shared with crypto.news on Sept. 4. According to the analyst, the new dashboard will track merger and acquisition deals in the Bitcoin mining sector, providing key details such as purchase price, deal type, and enterprise value. The tracker will also offer an overview of…
Crypto Market Stuck In A Rut? Here’s Why 2024 Bitcoin Breakout May Be Delayed
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…
BNB Price Struggles to Hold $500: Is a Breakout Coming?
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up?
Este artículo también está disponible en español. Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing any attempt higher. As the coin is capped below $2,500 at press time and actively aligning with the selling pressure of late August, Santiment analysts have picked out…
XRP Price Locked in Range-Bound Trading: Can It Escape Soon?
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…