Quick Take The 200-day Simple Moving Average (SMA) is a pivotal indicator in technical analysis, marking the transition between bull and bear markets. On July 4, Bitcoin dipped below this critical threshold for the first time since August 2023. The current 200-day SMA is at $58,720, and Bitcoin’s price is hovering around $57,000. Historically, Bitcoin …
Continue reading “Bitcoin price around 200-day SMA could signal upcoming bullish phase”
The German government’s Bitcoin wallet received a small amount of Sats from a CoinJoin address amidst its significant selling activity. On-chain data from the crypto analytical platform Arkham Intelligence revealed that the German government wallets received less than $10 in three transactions from CoinJoin addresses today. Germany CoinJoin Bitcoin Transaction (Source: Arkham) CoinJoin transactions combine …
The US House Armed Services Committee’s latest National Defense Authorization Act (NDAA) draft for fiscal year 2025 includes significant provisions for exploring blockchain technology’s role in national security and defense applications. A committee-approved draft was sent to the full House for consideration, and the Senate Armed Services Committee advanced it to the Senate floor on …
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Quick Take The first half of 2024 has witnessed significant developments in the digital assets market, particularly for Bitcoin and Ethereum, as highlighted in a comprehensive report compiled by Glassnode and CME. The report delves into the insights and evolution of the market following the launch of the US Bitcoin ETFs on Jan. 11 and …
Continue reading “Bitcoin calendar Open Interest surges as institutional interest grows via CME”
Republicans have included Bitcoin and crypto in their official platform for the 2024 election which is set for a final vote July 9, according to the Hill. The inclusion of crypto and Bitcoin reflects former President Trump’s recent statements and a broader shift within the party toward embracing digital assets and blockchain technology. Per the …
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Since the good old days when anyone could successfully mine Bitcoin on their PCs are long gone, the entire industry has undergone a significant transformation. Growing competition from larger mining entities has gradually made individual mining more challenging, even for those who managed to stay afloat. Another significant factor that dramatically altered the Bitcoin mining …
Continue reading “GoMining Unwrapped: How Mining BTC with NFTs Works”
Moonpay has announced a new partnership with Mesh, aimed at simplifying the process of depositing and transferring crypto assets from centralized exchanges. This collaboration seeks to enhance liquidity and accessibility for users across the crypto industry. Moonpay and Mesh Partner to Expand Crypto Payment Options Moonpay, a leading provider of fiat-to-crypto services, has teamed up …
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Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open Market Committee (FOMC) meetings. Nevertheless, Federal Reserve Chair Jerome Powell stated on Tuesday that additional progress is required before …
Looks like the meme coin party isn’t over just yet. Solana-based token Bonk (BONK) is leading the comeback with a sharp rally in the past 24 hours. Meanwhile, a new project called PlayDoge (PLAY) is turning heads with its own success – raising over $5.5 million in its ongoing ICO. BONK Roars Back with 13% …
Continue reading “Bonk Price Surges as New Meme Coin PlayDoge Hits $5.5M Milestone in ICO”
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced their second consecutive day of inflows, accumulating $294.9 million. Blackrock’s IBIT dominated the trading sessions, attracting $187.21 million in inflows. Blackrock’s IBIT Dominates With $187.21 Million Spot bitcoin ETFs in the U.S. experienced another day of gains on Monday, capturing $294.9 million in inflows during the …
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Every few months, the rankings of the top ten crypto assets shift, and a year ago, the leading digital currencies were different from today. Some assets have moved to new positions, new entrants have emerged, and some have dropped out of the top ten. Yearly Crypto Market Update Reveals New Entrants and Price Fluctuations In …
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The meme coin market continues to capture the imagination of cryptocurrency enthusiasts worldwide, with two standout tokens at the center of attention: Mpeppe (MPEPE) and Bonk (BONK). Mpeppe (MPEPE) is making significant waves with its innovative approach, while Bonk (BONK) is striving to achieve further gains. This article explores the current state of these meme …
Continue reading “Mpeppe (MPEPE) Shakes Up Meme Coin Market Attracting New Cryptocurrency Investors”
A Paxful co-founder has pleaded guilty to conspiracy charges for failing to maintain an effective anti-money laundering (AML) program on the peer-to-peer cryptocurrency platform. This led to various criminal activities being conducted on the platform, according to the U.S. Department of Justice (DOJ). He faces up to five years in prison and will step down …
The German government is keeping Bitcoin traders on the edge of their seats, relocating thousands of BTC in just one day. The blockchain “de-anonymizing” platform Arkham reports that the German government moved more than 16,000 BTC worth over $915 million in a 24-hour period. Arkham initially spotted the German government shifting hundreds of millions of …
A closely followed crypto analyst and trader is warning that Bitcoin (BTC) could correct deeper in the near term. Pseudonymous trader The Flow Horse tells his 220,900 followers on the social media platform X that he believes Bitcoin may decline to the lower $50,000 range. “Unhedged some 20% of those $69,000 sells because although I …
