Day: October 20, 2024

Ethereum Upside Target Around $2,800 As Price Tests Key Resistance

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Este artículo también está disponible en español. Ethereum is testing a key resistance level around $2,640, and many analysts believe that breaking this point could trigger a significant surge in price. As the entire crypto market gains strength, optimism is growing among investors, who are eagerly waiting for Ethereum to catch up with Bitcoin’s recent rally.  The sentiment is positive, and traders are closely watching to see if ETH will make its move soon. Top analyst and investor Carl Runefelt has shared a technical analysis highlighting an optimistic outlook for…

Bitcoin whale selloff stopped as price surpasses $68k

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On-chain data shows a significant decline in the Bitcoin large holder outflows as the flagship cryptocurrency remains above the $68,000 mark. According to data provided by IntoTheBlock, the Bitcoin (BTC) whale net flow shifted from an outflow of 1,650 BTC on Oct. 17 to a net inflow of 211 BTC on Oct. 19. The momentum shows increased accumulation from large holders. BTC price and large holder net flows – Oct. 20 | Source: IntoTheBlock CryptoQuant CEO Ki Young Ju confirmed the intensified accumulation. Per a crypto.news report, data provided by…

Bitcoin Leverage Ratio Witnesses Notable Spike — Bullish Or Bearish For Price?

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Over the past week, Bitcoin (BTC) has been enjoying attention from all tiers of investors; from short-term traders to institutional players. This can be seen in the strong performance of spot Bitcoin ETFs in the previous week. Similarly, the Bitcoin derivatives market appears to be witnessing increased risk-taking behavior from traders as shown by recent on-chain data.  Bitcoin Market Now In ‘A Risk Zone’ — What’s Happening? Leverage is a tool that allows traders to control substantial positions with a relatively small amount of capital. While leverage helps traders and…

Spot Bitcoin ETFs Draw Over $2 Billion Inflows As Ethereum ETFs Turn Green Again – Details

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The US-based spot Bitcoin ETFs produced a magnificent performance in the past week recording $2.1 billion in net inflows. Meanwhile, their Ethereum counterparts have finally turned the corner registering their third positive weekly inflows since their trading debut in July. Spot Bitcoin ETFs Record Highest Daily Inflow Since June After a return to positive net flows in the second week of October, the spot Bitcoin ETFs attracted massive levels of investments in the past week which began with $555.86 million worth of inflows recorded on Monday, October 14, representing the…

Kiyosaki Predicts Crash, BRICS Slashes USD and EUR Transactions, and More — Week in Review

Robert Kiyosaki predicts a major market crash, suggesting bitcoin could briefly drop to $5,000 before surging to over $100,000. BRICS countries continue to shift away from the U.S. dollar and euro, with 65% of transactions now conducted in local currencies. The AI-generated meme coin, GOAT, saw an astonishing 12,000% rise in value in just 24 […] Source CryptoX Portal

Trump Refers to Polymarket as ‘Poly-Poll’: ‘We’re Doing Really Well’

Presidential candidate Donald Trump recently acknowledged the existence of the crypto-based prediction market platform Polymarket. In a video posted on Polymarket’s X account, Trump referred to the platform as “a new phenomenon gambling poll,” mistakenly calling it Poly-Poll.” “I’ve never heard of it,” Trump stated, while someone in the audience corrected him about the platform’s […] Source CryptoX Portal

Bitcoin Price Holds Above $68,000, But TD Sequential Sounds Sell Alarm

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…