Day: October 31, 2024

Analysts Bullish On ETH As Price Retests $2,700

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Este artículo también está disponible en español. On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Related Reading Ethereum Retests $2,700 Ethereum surged above a key resistance level on Wednesday morning as most of the crypto market soared. The cryptocurrency rallied 3.1% toward the $2,700 horizontal level, hitting the $2,722 mark before retracing to $2,710.…

BlackRock’s IBIT sees record $872m inflow amid 6-day Bitcoin ETF streak

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On Oct. 30, BlackRock’s spot Bitcoin ETF recorded its highest single-day inflow since its January launch, contributing to the ongoing six-day inflow streak across the 12 Bitcoin ETFs. According to data from SoSoValue, the 12 spot Bitcoin ETFs collectively recorded $893.21 million in inflows on Oct. 30, an amount second only to the $1.045 billion inflow recorded on March 12. This extended their inflow streak to six days, with total net inflows surpassing $3 billion. BlackRock’s spot Bitcoin ETF, in particular, led this rally with $872.04 million in inflows, surpassing…

Coinshares Report: Inside Bitcoin’s Cost Crunch—Why Mining Expenses Are Hitting Record Highs

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Coinshares’ Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024. How Bitcoin Mining Industry Giants Are Battling Rising Prices The Coinshares Q3 mining report, with research led by James Butterfill, reveals that bitcoin mining costs are rising, reaching an estimated $49,500 per bitcoin (BTC) […] Original

Bitcoin Active Addresses Signals Golden Cross—What Next For BTC?

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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 Slips as Peers Climb: Can It Regain Ground?

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…

XRP Price Faces Support Test: Is a Rebound on The Horizon?

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XRP price is correcting gains from the $0.530 zone. The price is testing the $0.520 support and might bounce back to start a fresh increase. XRP price is eyeing more gains above the $0.5300 zone. The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5300 resistance zone. XRP Price Revisits Support…

Popcat up 24% in a week, raising questions if it is a good entry point or not

The rise of cat-themed meme coins is here, with Popcat leading a 24% surge this week. The era of cat-themed meme coins is here – and Popcat is leading the way with a 24% pump this week.  Is it worth buying, or could traders secure a better price if they wait longer? Popcat advances into price discovery, more gains expected on bullish market outlook Popcat is one of the only major cryptocurrencies trading deep inside price discovery right now.  It’s a unique position.  On the one hand, it shows relative…

Bitcoin ETFs Could Cross 1 Million BTC Today

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Este artículo también está disponible en español. US Bitcoin ETFs recorded their highest daily inflow since inception, amassing $870 million on Tuesday. This surge in investment comes as the largest cryptocurrency inches closer to its all-time high of $73,700, originally reached in March.  This comes as investor sentiment appears to be buoyed by speculation surrounding a potential victory for Republican candidate Donald Trump over VP Kamala Harris, which many believe could foster a more positive environment for the digital asset ecosystem, ultimately favoring crypto prices. Bitcoin ETFs Inflows And Price…

Ethereum Price Consolidates Gains: Is It Ready for Another Push?

Ethereum price started a fresh increase above the $2,600 resistance. ETH is consolidating gains and might aim for a move above the $2,720 resistance. Ethereum started a decent increase above the $2,650 zone. The price is trading above $2,600 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,650 and $2,720 resistance levels. Ethereum Price Eyes More Gains Ethereum price formed…