Kenyan Athlete and Olympic Champion Eliud Kipchoge Gets $40K in ETH After Auctioning NFTs of ‘Key Moments’ – Blockchain Bitcoin News

Kenyan athlete and world record holder, Eliud Kipchoge recently auctioned off his first set of NFTs for a total of 17.9837 ethereum tokens. The auction, which was conducted on the NFT marketplace Opensea, includes some of the key moments in Kipchoge’s career. According to a report, one of these moments, Kipchoge’s 2019 record-breaking run in Vienna fetched $14.8837 ETH while the marathoner’s Berlin Marathon run earned him 3.1 ETH or for over $6,500 at current prices. Meanwhile, in a Twitter post, Kipchoge, who is also an Olympic Champion, said he…

Key XRP Technical Indicator Disagrees With Parabolic Price Rally

XRP, the Ripple blockchain’s native token, is up more than 600 percent in 2021 even though it remains in a tense court battle with the US Securities and Exchange Commission over its legal status. The world’s fourth-largest cryptocurrency by market cap now, XRP has continued its climb, entering the second quarter. According to data provided by Messari, the token has surged around 194 percent in April alone. In comparison, its top rivals, Bitcoin and Ethereum, are up almost 6.5 percent and 12.5 percent, respectively. If XRP’s upside acceleration continues, it…

Bitcoin Prepares For its Next Move: Where is the 100 SMA, the Key BTC Level?

Bitcoin price is consolidating above the $59,500 support zone against the US Dollar. BTC is now showing a few positive signs, but it must clear $61,200 for a fresh rally in the near term. Bitcoin is holding gains above the $60,000 and $59,500 support levels. The price is now trading well above the $59,500 level and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $59,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely…

Bitcoin bulls are confident even as a key BTC price metric hits a new low

Margin trading allows an investor to borrow money or cryptocurrency to leverage their trading position and increase its size or the expected return. For example, borrowing Tether (USDT) will allow one to buy Bitcoin (BTC), thus increasing the exposure. Although there’s an interest rate involved with borrowing, the trader expects BTC’s price appreciation to compensate for it. Newer traders might be unaware of this, but investors can borrow BTC to margin trade a short position, thus betting on price downside. This is why some analysts monitor the total lending amounts…

Watch these key technical levels as Bitcoin price nears $61,800 all-time high

The price of Bitcoin (BTC) has surpassed $61,000 on April 10 for the first time in nearly a month. Following the breakout, traders are starting to look at new levels of resistance and support in the short-term as optimism returns to the market. In the near term, besides the all-time high at around $61,800, there are three key Bitcoin price levels to observe: $61,188, $58,387 and $53,000. BTC_USDT orderbook heatmap (Binance). Source: Material Indicators As long as the price of Bitcoin stays above $58,387 and keeps attempting to break out…

Bitcoin Selling Pressure is Declining, Hints Key Glassnode Indicator

Even as the bitcoin market shows signs of bullish exhaustion after logging a 1,500-percent-plus upside move in the previous 13 months, all is not lost. Investors with a long-term growth outlook still want to hold onto the flagship digital asset, iterating their expansive bullish stance on it. The analogy appears out of a chart from Glassnode, a blockchain analytics firm that determines Bitcoin’s market bias based on on-chain indicators. One of its benchmark offerings is a tracking tool that studies Bitcoin wallets based on their net position holdings. In retrospect,…

A Closer Look at Key Developments Over the Last Week – Blockchain Bitcoin News

Another exciting week in the NFT universe has unfolded as Kiwie digitizes graffiti in new collectibles, the original meme makes its way to market, and a new integration between Videocoin and Filecoin supports video-based NFTs. The Fat Monster Meets the Mint Latvian-based art collective Kiwie is bringing its iconic Fat Monster character to the blockchain as it becomes the first group to create and auction NFTs from physical graffiti installations. The new initiative designed to connect the online and offline art worlds will involve building virtual 3D models of spray-painted…

Bitcoin bulls return after BTC bounces at a key support level

A wave of selling took command of the cryptocurrency market on April 7 after Bitcoin (BTC) price dropped below $56,000. The market-wide sell-off led to $1.4 billion in liquidations and some analysts suggested that this could be the final sweep out of overleveraged long traders before Bitcoin can make a run higher to the $70,000 level.  BTC/USDT daily chart. Source: TradingView One sign that the market had moved ahead of itself over the past week was the rapidly rising Kimchi premium, which was followed by a seven percent decline in BTC…

Crypto & tokenization “key” to doubling GDP

At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that cryptocurrency and asset tokenization will be key to the country’s plans to double its economy — currently estimated to be the 34th largest in the world — in ten years.  Al Marri was joined on the panel, titled the “Arrival of the token economy, from art to real estate,” by artist Harry Yeff and WEF executive Sheila Warren. While much of the conversation centered…

5 key reasons why Bitcoin will likely see new all-time highs soon

The price of Bitcoin (BTC) has been under severe selling pressure by whales for the past two months as on-chain data reveals. However, five key indicators are suggesting that major sellers are about to turn into hodlers or even accumulators of Bitcoin again while institutional demand remains high. This is an explosive setup that may send Bitcoin to new all-time highs in the near term. Whales stopped selling The number of whales, which are considered Bitcoin addresses with a balance equal to and more than 1,000 Bitcoin, declined by more…