Robinhood (HOOD) Begins Crypto Transfers in Europe, Doubles Down on Expansion

“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” Johann Kerbrat, VP and general manger of Robinhood Crypto, said in a statement. “Support for deposits and withdrawals gives customers more control over their crypto, while ensuring they have the same safe, low-cost, and reliable experience they expect from Robinhood.” Source

Cryptocurrency Price Movements on July 24, 2024

On July 24, 2024, the cryptocurrency market experienced significant fluctuations. Bitcoin (BTC) saw a notable rise, climbing 3.5% to reach $31,200. This uptrend was attributed to renewed institutional interest and positive market sentiment. Ethereum (ETH) also followed suit, increasing by 2.8% to hit $1,950, driven by advancements in its network upgrades and growing DeFi activities. Among the altcoins, Cardano (ADA) surged by 5.2% to $0.38, buoyed by developments in its smart contract capabilities. Solana (SOL) saw a 4.3% rise, trading at $24.50, as it continued to attract developers and projects…

Why Bitcoin Could Reach $98,000 Following Bullish September

Este artículo también está disponible en español. Bitcoin (BTC), the largest cryptocurrency by market capitalization, recently celebrated a remarkable September, achieving a two-month high of $66,560 last Friday.  Although it fell short of its all-time peak of $73,700 in March, the strong performance in September has raised expectations for significant gains as the year draws close. Historical trends suggest that when Bitcoin ends September positively, the following three months often yield even larger returns. Best September Ever Could Lead To Major Year-End Rally Crypto expert Ali Martinez highlighted this historical…

WIF Bulls In Control As RSI Signals Strong Upside Potential

WIF is showing impressive strength as bullish momentum takes control, with the Relative Strength Index (RSI) pointing to even greater upside potential. The current RSI reading suggests that buying pressure remains strong, fueling optimism for continued gains. While bulls hold their ground, they are increasingly confident that WIF could be poised for a significant breakout toward the $2.8 mark.  As market sentiment shifts favorably, this article aims to explore the bullish dominance in WIF, with a focus on how the RSI signals promising upside potential. By analyzing key technical indicators…

Bitcoin, Solana and newcomer Raboo

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin and Solana shine long-term, AI memecoin Raboo has surged 90% in presale, emerging as a top investment for Q4 2024. Bitcoin and Solana have been on a decent run in 2024 and remain strong long-term investment options. However, the smart money is looking at a newcomer in the memecoin sector as the best crypto to invest in as we enter the final quarter of the year. New…

How the Crypto Retail Market Has Changed

However, coming out of a prolonged bear market in 2018 and 2019, bitcoin moved again in late-2020 into early 2021 as the price climbed from roughly $10,000 to $60,000. However, we can see that this cohort was selling bitcoin during the entire period, locking in those gains as they were buyers in the previous bear market instead of buying the top they were selling. Source

Bitcoin (BTC) OTC Balances Rise to Highest Since May 2022

The data show that the OTC balance has shot up in the past six months while bitcoin has been ranging in a downwards channel from its all-time high above $73,500 in March. The run-up in balances is fairly similar to that seen in late 2020 into early 2021 when the OTC balance shot up from 235,000 to 435,000 tokens in six months. The difference is that bitcoin’s price was on the rise then, but modestly downward now. Original