Day: November 25, 2024

Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance

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Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestone—yearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereum’s price action has built a solid foundation for further growth. According…

WBTC price flash crashes on Binance below $6k days after Coinbase delisting

The price of Wrapped Bitcoin tanked below $6,000 on Binance just a few days after Coinbase delisted it amid liquidity concerns. Wrapped Bitcoin (WBTC), issued by crypto firm BitGo, lost nearly 95% of its value in under an hour on Binance, crashing from $98,500 to $5,209 before recovering to around $98,000 on Nov. 23. The price of WBTC against USDT | Source: crypto.news The cause of WBTC’s sharp price drop remains unknown, with neither BitGo nor the WBTC team commenting on the flash crash. The incident comes just days after…

Coinbase Explores Blockchain Partnership With Kenya’s Safaricom

Coinbase is reportedly exploring a partnership with Safaricom to enhance M-PESA with blockchain technology. This move aligns with Coinbase’s broader strategy of promoting crypto adoption in Africa, particularly in Kenya and Nigeria. Coinbase is also working with the Kenyan government to foster blockchain development and education. While regulatory uncertainties have previously hindered Coinbase’s operations in […] Source CryptoX Portal

Bitget Now Supports Bank Transfers in Vietnam via QR Codes

Bitget has announced its integration of bank transfers in Vietnam through QR codes, making it the first exchange to adopt this payment method. This new feature allows users to deposit Vietnamese Dong (VND) and withdraw funds seamlessly, enhancing accessibility to the crypto market. By utilizing Viet QR, a standardized QR code system that enables secure […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Is This The ‘Next Dogecoin’? Top Crypto Analyst Thinks So

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Este artículo también está disponible en español. In a new analysis, prominent crypto analyst Miles Deutscher unveiled his thesis on a crypto he believes could rival Dogecoin in this market cycle. With a following of over 550,000 on X and 208,000 YouTube subscribers, Deutscher’s insights carry significant weight in the crypto community. Titled “I Just Found The Next DOGE! [10X Potential… Or More?],” Deutscher’s video explores the untapped potential of Luckycoin (LKY)—a meme coin that not only predates Dogecoin but was instrumental in its creation. “Dogecoin was originally a fork…

$6b in Bitcoin left exchanges amid declining whale activity

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Bitcoin’s rally above the $95,000 mark triggered a strong phase of accumulation among retail investors. Bitcoin (BTC) recorded an exchange net outflow of $6 billion over the last seven days — $3.9 billion on Nov. 19 alone — according to data provided by IntoTheBlock. The impressive accumulation wave sent Bitcoin to an all-time high of $99,655 on Nov. 23. BTC CEX net flow | Source: IntoTheBlock The $3.38 billion weekly net inflow into spot BTC exchange-traded funds in the U.S. also played an important role in sending Bitcoin close to…

South Korean FSC dismiss plans to build Bitcoin reserve ‘for the time being’

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The South Korean FSC remains cautious of digital assets in the wake of domestic calls for a Bitcoin reserve after the U.S takes a bullish stance on crypto. According to a news report from South Korean news outlet Newsprime, Chairman of the Financial Services Commission, Kim Byung-hwan responds to rising demands for South Korea to start building a Bitcoin(BTC) reserve to secure the liquidity of digital assets. “[A national Bitcoin reserve] it’s a bit of a distant story at the moment,” said Kim in an interview on Nov. 24. He…

BTC and ETH Open Interests hit new all-time-high as Bitcoin nears $100k

Open interest for Bitcoin and Ethereum in futures markets each hit a new all-time-high in the past 24 hours of trading, following Bitcoin’s flirtation with $100,000. BTC OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze ETH OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze On Nov. 22, Bitcoin(BTC) OI has reached a peak of $57 billion in the past 24 hours. Meanwhile, Ethereum(ETH) OI went up 12% to an all-time high of $20.8 billion within the…

Stellar Shines: XLM Rockets 180% In Just One Week

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Over the past week, Stellar native cryptocurrency, XLM, has experienced a solid 180% increase, causing a stir in the cryptocurrency market. As the token approaches its all-time peak, investors and analysts are abuzz with excitement. Related Reading Stellar’s market capitalization has reached $17.3 billion, surpassing Shiba Inu and approaching the top 10 cryptocurrencies, following an impressive 480% increase in the last month. Many people are wondering if XLM can keep up this impressive performance or if it is about to take a turn for the worse. The path of the…