Day: December 20, 2024

XRP, Solana Among Altcoins Witnessing TD Buy Signal, Analyst Reveals

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An analyst has pointed out how XRP and Solana are among the altcoins that have just observed a Tom Demark (TD) Sequential buy signal on their 4-hour prices. Four Altcoins Are Seeing A Buy Signal On The TD Sequential In a new post on X, analyst Ali Martinez has talked about the TD Sequential signal that four different altcoins have seen on their 4-hour charts. The “TD Sequential” is an indicator from technical analysis (TA) used to locate probable turnaround points in a given asset’s price. The indicator involves two…

Bitcoin To Hit $1 M by 2030

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Cathie Wood, who is the CEO and chief investment officer of Ark Investment, made a prediction during an interview with Bloomberg, suggesting that Bitcoin will hit a price of $1 million by 2030. In the conversation on Dec. 20, Cathie Wood pointed towards Bitcoin’s (BTC) fixed supply of 21 million cap as the key denominator which will drive the asset’s value. She brought to light the scarcity of BTC as more than 19.5 million BTCs have already been mined, which she says have increased the institutional investor’s hunger for the…

‘Hawk Tuah’ Girl Hailey Welch Faces Lawsuit After 95% Crash

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Este artículo también está disponible en español. Hailey Welch, popularly known as the “Hawk Tuah Girl,” has been absent from public view for two weeks, igniting a wave of controversy surrounding her cryptocurrency project, the Hawk Tuah (HAWK) memecoin.  Welch, who gained fame through her podcast “Talk Tuah,” last communicated with her audience by stating she was “going to sleep,” shortly before the value of her memecoin plummeted by a staggering 95%. Investors Sue Hailey Welch Over Alleged Memecoin Fraud The fallout from the rapid decline in the Hawk Tuah…

Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood

Losses in bitcoin (BTC) and other crypto majors extended to their third straight day, as risk-off behavior after this week’s FOMC meeting and general profit-taking contributed to heavy market sentiment. BTC dropped 4.2% in the past 24 hours, with Solana’s SOL, ether (ETH) and Cardano’s ADA falling as much as 9%. Dogecoin slid the most with an 11% drop, extending weekly losses to over 21%. The broad-based CryptoX 20 (CD20), an index of the largest tokens by market cap, fell 5.5%. That spread over to futures markets, with over $890…

OKX unveils Ordinals Launchpad platform for direct Bitcoin inscription

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OKX has announced the launch of Ordinals Launchpad, a platform that allows on-chain creators to launch, inscribe and trade collections directly on the Bitcoin ecosystem. The major crypto exchange OKX is bringing Ordinals into the fold by releasing the new Ordinals Launchpad platform for creators who want to launch and inscribe directly on Bitcoin (BTC). The platform provides creators with the tools, exposure and technical support needed to make the Bitcoin inscription process as simple as possible. According to the official notice, the Ordinals Launchpad platform can now be accessed…

Bitcoin ETFs record $680m outflows as BTC dips below $96k

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Spot Bitcoin exchange-traded funds in the United States recorded $680 million in outflows on Dec. 19 as Bitcoin fell below $96k amid the Federal Reserve maintaining a cautious outlook on future interest rate cuts. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged outflows of $680 million on Thursday, breaking a 15-day streak of inflows that had brought over $6.7 billion into the funds. Fidelity’s FBTC led the decline with $208.55 million exiting the fund, followed by Grayscale Bitcoin Mini Trust and ARK 21Shares’ ARKB, which recorded outflows…

Solana Holds Monthly Support As Network Activity Grows – Time For A Breakout?

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Este artículo también está disponible en español. Solana faced heightened volatility yesterday, dropping 7% following the Federal Reserve’s announcement of a 25 basis point rate cut and fewer projected cuts for 2024. Despite the sell-off, Solana’s price action remains resilient as it managed to hold above a critical support level, reinforcing confidence in its ability to weather macroeconomic shifts. Related Reading While the market reacted to the Fed’s cautious tone, Solana’s on-chain metrics tell a more optimistic story. The number of daily transactions on the Solana network has surged, nearing…

As Bitcoin Reclaims $100,000, Warning Signs Emerge from Long-Term Investors

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Este artículo también está disponible en español. Before yesterday’s plunge, Bitcoin recent rally was able to propel the asset to a new all-time high of $108,000, marking another significant milestone in its upward trajectory. However, according to latest analysis, this notable price surge is accompanied by signs of potential market volatility, as long-term holders begin to exhibit selling activity. Attention has been turned to the Binary Coin Days Destroyed (CDD) metric, a critical tool for assessing the behavior of long-term Bitcoin holders. Related Reading What Do Long-Term Holders Currently Signal?…

Morocco to Adopt a Legal Framework for Crypto Assets

Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem. Legal Framework for Crypto Nears Adoption in Morocco A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote […] Source CryptoX Portal