Bitcoin (BTC) lost momentum at $51,500 on Dec. 24 as traders weighed the odds of a “Santa rally” coming true for Christmas. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC sees potent long-term retest Data from Cointelegraph Markets Pro and TradingView saw BTC/USD preserve its gains from Dec. 23, these totaling 6% with resistance most recently …
Category archives: Trending Crypto news
One Ethereum Rival May Soon Witness Epic Rally, According to Crypto Analyst Justin Bennett
A closely followed strategist is identifying key price levels for an Ethereum (ETH) competitor that’s been outshining the overall shaky crypto markets. Popular analyst Justin Bennett takes to YouTube for an in-depth strategy session about Polygon (MATIC), a scaling solution designed to enable the widescale adoption of decentralized apps on the Ethereum blockchain. Bennett believes …
Industry experts reveal a possible method for Bank of Russia to block crypto
Amid the ongoing uncertainty about the future of cryptocurrencies in Russia, one local industry executive has disclosed a potential method for the Bank of Russia to block crypto transactions. Andrey Mikhaylishin, CEO of the local crypto payment startup Joys, said that the Russian central bank is now considering several potential options to make its crypto …
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Just 1.3 million Bitcoin left circulating on crypto exchanges
In glad tidings for an orange Christmas, Bitcoin (BTC) supply is drying up to lows not seen for years. In a recent tweet by CryptoRank, just 6.3% of the total Bitcoin supply, or 1.3 million BTC, is held on cryptocurrency exchanges. The decreasing supply is nothing new, trending down since the Bitcoin halving in 2020 …
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Bitcoin needs to clear $51K to reduce the chance of new sell-off from BTC whales
Bitcoin (BTC) whales are the center of attention again this week as large transactions flow back to exchanges. Data from on-chain analytics platform CryptoQuant on Dec. 24 shows that relatively, whales are increasing their presence as potential sellers. Action stations as Bitcoin climbs to $51,000 According to CryptoQuant’s Exchange Whale Ratio indicator, the proportion of …
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Bitcoin Whale Moves $97,296,884 From Crypto Giant Coinbase in Massive Asset Transfer
A massive whale is turning heads after relocating nearly a hundred million dollars worth of Bitcoin in a single transaction. Whale-tracking bot Whale Alert initially detected the huge BTC transfer and reported the details to its 1.9 million Twitter followers. The whale involved transferred the 2,001 BTC, worth $97.29 million from the US-based crypto exchange …
President Bukele fires back at critics on ‘Bitcoin experiment’
On Thursday, Salvadoran President Nayib Bukele reaffirmed his belief for Bitcoin (BTC) supremacy on Twitter once again, this time stating that after widespread adoption occurs, “it’s game over for fiat.” The Salvadoran president has been a mainstay in news headlines due to his government’s regular BTC purchases and absolute pro-Bitcoin stance. He has made frequent statements and …
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Baidu metaverse app would take 6 years for a full launch, VP says
The Chinese internet giant Baidu doesn’t expect to fully launch its XiRang metaverse app soon despite the app’s initial would debut on Monday, according to a senior executive. Baidu vice president Ma Jie believes that it is still “negative six” years to full XiRang’s launch, CNBC reported on Thursday. He noted that the development of the …
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Backtracking Bitcoin – What’s Driving the Latest Cryptocurrency Market Crash?
HodlX Guest Post Submit Your Post Bitcoin and a wide range of cryptocurrencies have experienced a series of sharp price falls at the beginning of a month that many market commentators believed would be a lucrative one for the crypto market. With BTC shedding $10,000 of its value in a 14-hour period, it’s worth questioning …
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Coinbase Giving: Half Year in Review
In May 2021, we announced the launch of Coinbase Giving. Coinbase Giving is the operational embodiment of our commitment to Pledge 1%: our promise to dedicate 1% of Coinbase profits, equity, and employee time toward charitable activities that leverage the power of crypto to increase economic freedom in the world. Where we are In the past 7 …
It’s Not You, It’s Crypto: Execs Leave Silicon Valley To Join Crypto Startups
A few years ago it was an executives’ dream to work at Google, Amazon, Apple, and the other Big Tech firms of Silicon Valley, but now that dream has evolved into crypto startups. Whether it is to join a blockchain-related company or start a new one, high-paying executives and engineers are leaving the valley of …
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Crypto Research Analyst Puts Ethereum At $9,000 In Six Months
Ethereum has had a good year in 2021, although the digital asset is looking to close out the year on a less than a bullish note. Nevertheless, investor sentiment around the altcoin continues to be on the positive side as most expect the cryptocurrency to do well in the coming years. One of those is …
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Only In Crypto: A Croissant Explains Web3 And NFTs To Elon Musk
The debate over ownership in Web3 has waxed on stronger as prominent figures like Elon Musk and Jack Dorsey have continued to fan the flames. This has prompted those in the space to come to the defense of Web3 and provide much-needed explanations about Web3. One of those is a croissant on Twitter which makes …
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Quant Explains How Large Bitcoin Leverage Ratio Can Help Turnaround Price
A quant has explained how the current large Bitcoin leverage ratio values can help bring a turnabout to the crypto’s price. Bitcoin Leverage Ratio Rises To Values Greater Than During The ATH As explained by an analyst in a CryptoQuant post, the massive leverage ratio right now might help BTC’s price reverse its trend. The …
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VeChain Foundation Welcomes New DEX To Its Ecosystem
The VeChain ecosystem continues to grow and recently saw the deployment of a new decentralized exchange (DEX). Called ZumoSwap, it was designed as an alternative to Vexchange, the automated market maker (AMM), and liquidity provision protocol already launched on this network. Related Reading | VeChain’s DEX To Launch Governance Token And Yield Farming Program In …
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