PRESS RELEASE. The crypto market today can be a bit of a rollercoaster ride. Prices can shoot up on one day, and take a deep dive on the next – all while new projects are popping up in their droves daily. With such a fast-moving environment, it’s not enough to have a groundbreaking idea. You…
Based on the latest data, spot bitcoin exchange-traded funds (ETFs) experienced net outflows of $148.56 million on Tuesday. Conversely, spot ether ETFs saw a positive inflow of $98.30 million during the same period. $148M Vanishes From Bitcoin ETFs While Ethereum ETFs Rake in $98M On Aug. 6, as the crypto market began to recover from…
CryptoQuant CEO Ki Young Ju predicts that if bitcoin’s price remains above $45,000, it could surpass its all-time high within a year. His optimism persists in the crypto market even as some bearish indicators loom in the broader financial markets following bitcoin’s rebound from the Monday lows. Ki Young Ju Predicts Bitcoin Recovery Ki Young…
Cardano managed to find support at 31 cents after a brutal crash. Key Support levels: $0.31 Key Resistance levels: $0.37 1. Bounce in Progress After Crash On Monday, ADA briefly visited 27 cents before buyers returned to lift the price above the support at 31 cents. Since then, buyers managed to keep a grip on…
According to one expert, bitcoin currently needs to trade above $55,000 for miners to break even and $94,000 for them to return to profitability levels seen before the halving. To compensate for the revenue loss caused by the halving of Bitcoin’s block reward, miners are resorting to mergers or hostile takeover of rivals. Others have…
TLDR Ethereum’s price has started a recovery wave, rising above $2,350 after dropping to a low of $1,910. Technical indicators suggest ETH could climb higher if it clears the $2,680 resistance zone. Ethereum’s rebound shows similarities to a pattern from October 2023 that preceded a 178% price rally. On-chain metrics like the MVRV Z-Score and…
[PRESS RELEASE – Brisbane, Australia, August 7th, 2024] Australian gemstone company NYBlue Pty Ltd has emerged as a key player working to redefine the global gemstone market. The company’s strategic venture involves a plan to secure control over the world’s blue zircon supply, a move that holds the potential to reshape the value dynamics of…
Ripple’s price has been dropping over the last few days as the crypto market has experienced a significant plunge. However, the cryptocurrency is currently demonstrating signs of short-term recovery. By TradingRage The USDT Paired Chart On the USDT paired chart, the price has failed to stay above the $0.6 resistance level and the 200-day moving…
After a significant downturn in the cryptocurrency market, Bitcoin has seen a sharp decline, breaking through the key support level of its previous major swing low of $53K. This price movement indicates a possible shift towards a bearish market structure. Technical Analysis By Shayan The Daily Chart A detailed examination of Bitcoin’s daily chart reveals…
Metaplanet, a Japanese firm, has announced a $70 million stock rights offering aimed at significantly boosting its Bitcoin investments. With $58.76 million of the raised funds earmarked for bitcoin, this strategic move is part of Metaplanet’s broader plan to expand its cryptocurrency holdings and hedge against currency depreciation. The company, which currently holds around 246…