Day: January 8, 2025

Inside Bitcoin Mining’s 2024 Revolution: Report Reveals Triumphs and Trials

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The 2024 bitcoin mining industry reached historic milestones while grappling with significant obstacles, according to an extensive report sponsored by Nicehash and authored by Digital Mining Solutions and Bitcoinminingstock.io. The comprehensive study sheds light on unprecedented network expansion, advancements in hardware efficiency, and major economic transitions. Nicehash and Digital Mining Solutions Showcase the Bitcoin Mining […] Original

Fidelity’s vision: Tokenization, Nation-state Bitcoin and more in 2025

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Bitcoin Outflows On Binance Suggest Growing Accumulation–Bullish Momentum Ahead?

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Este artículo también está disponible en español. After weeks of fluctuating performance, Bitcoin is once again in the spotlight as on-chain data highlights critical trends emerging from Binance, the world’s largest cryptocurrency exchange. The latest insight reveals that there has been an interesting move in Binance’s Netflow Simple Moving Average (SMA14), a key indicator often associated with shifts in Bitcoin’s short-term price direction. Historically, this metric has provided reliable signals regarding the platform’s investor sentiment and accumulation behavior. Related Reading Binance Netflow Data Signals Accumulation Phase A recent analysis by…

Solana (SOL) Falls Under $200: Temporary Setback or Trend Shift?

Solana failed to clear the $225 resistance and trimmed gains. SOL price is now below $200 and showing a few bearish signs. SOL price started a fresh decline after it failed to stay above $220 against the US Dollar. The price is now trading below $200 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $204 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $205 zone.…

Ethereum Will Drop Before The Next Leg Up – Analyst Sets Target

Este artículo también está disponible en español. Ethereum is trading below last year’s highs as investors eagerly await a breakout to confirm the start of the anticipated Altseason. While ETH’s price action has been subdued, traders remain optimistic about its potential to perform exceptionally well in 2025, given its historical cycles and the market’s overall bullish sentiment. Related Reading Top analyst Carl Runefelt recently shared a technical analysis on X, highlighting that ETH is currently trading within an ascending channel. This pattern suggests a possibility of a short-term pullback before…

XRP Price Corrects: Limited Downside Keeps Bulls Optimistic

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XRP price failed to surpass $2.50 and corrected some gains. The price is now consolidating and aiming for a fresh increase above the $2.40 resistance. XRP price is struggling to gain pace for a move above the $2.40 zone. The price is now trading below $2.350 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2.390 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start a fresh increase if it stays above the $2.250…

Another Test for Support Levels

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Este artículo también está disponible en español. Ethereum price failed to clear the $3,750 resistance and trimmed gains. ETH is back to $3,350 and might struggle to start a fresh increase. Ethereum started a fresh decline from the $3,750 zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,675 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,450 resistance level.…

Bitcoin Price Takes a Breather: Gains Reduced Amid Volatility

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Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,500 support zone. Bitcoin Price Dips Below…

DLT Will Rebuild Trust in AI

During the 2024 U.S. election campaign, a deepfake video spread across social media, falsely alleging voter fraud. Elsewhere, biased data in healthcare has warped AI outcomes, jeopardizing patient care. Opaque algorithms undermine decisions, destabilize markets, and erode trust in financial systems. AI’s risks are escalating, and its flaws are chipping away at public confidence. The […] Source CryptoX Portal