Author: cryptotechbro
Bitcoin has reached local highs below $69,000 after weeks of steady bullish price action, igniting excitement and caution across the market. Investors are bracing for potential volatility, as this critical price zone has triggered sharp rejections five times in the past few months. While optimism is high for a surge beyond $70,000, uncertainty remains as traders watch for signs of a breakout or another pullback. Key data from CryptoQuant reveals that liquidation levels on major exchanges are rising, signaling that a decisive move could be imminent. This increase in liquidations suggests that traders are positioning themselves for big swings in…
Market analyst and President of the ETF Store Nate Geraci has backed the US-based spot Bitcoin ETFs to overtake the Gold ETFs in terms of cumulative net flows. This projection comes amidst a staggering performance by these Bitcoin ETFs in the past few days where they have attracted over $2 billion in weekly netflows. Spot Bitcoin ETFs To Surpass Gold ETF In 2 Years, Analyst Says The spot Bitcoin ETFs rattled the global financial markets this week recording net inflows of $2.13 billion according to data from SoSoValue. This massive influx of investments occurred as Bitcoin surged by 9.23%, approaching…
A crypto analyst opined that XRP’s price “is likely to fluctuate between $0.50 and $0.80” for the rest of 2024 with strong emphasis on regulatory developments.
When it comes to securing your cryptocurrency, choosing the right wallet is crucial — just as important as protecting cash in a physical wallet. Two of the most common types are hardware and software wallets, each offering unique benefits and drawbacks. Let’s dive into their key differences to help you choose the best crypto wallet. Hardware Wallet: Key Characteristics and Operating Principles A hardware wallet (HW) is a physical device, often resembling a USB drive, that stores your private keys offline. This makes it highly resistant to hacking since it isn’t connected to the Internet when not in use. How…
Follow Nikolaus On X Here El Salvador’s misguided critics got some new ammunition this week. A recent survey revealed just 7.5% of Salvadorans use Bitcoin for transactions, and that 92% of Salvadorans do not. But while some (cue: Steve Hanke) may look at these numbers and think “Oh, well that experiment failed,” I disagree. Even putting aside the increased tourism, business activity, and international notoriety, El Salvador’s Bitcoin legal tender law has been a success.El Salvador currently has a population of around 6.3 million, meaning 475,000 (7.5%) people are now using Bitcoin for transactions. The fact that almost half a…
Here’s what on-chain data says regarding which cryptocurrency exchanges are currently the preferred platform for the Bitcoin whales. Bitcoin Exchanges Ranked According To Whale Ratios In a new post on X, CryptoQuant community manager Maartunn discussed which exchange is currently number one in the Bitcoin Exchange Whale Ratio. The “Exchange Whale Ratio” here refers to an indicator that keeps track of the ratio between the sum of the top 10 exchange inflows and the total exchange inflow for a given platform. The ten largest inflows to an exchange are generally considered to be coming from the whale entities, so this…
Este artículo también está disponible en español. Recent reports have revealed that Ethereum has had a challenging run, underperforming compared to other major cryptocurrencies. However, despite this, some positive signs may be on the horizon. According to a CryptoQuant analyst, Percival, Ethereum’s open interest has increased significantly, indicating rising investor optimism for a potential rally. Related Reading Potential For Ethereum Rally And Longs Benefit According to the data shared by Percival, Ethereum’s open interest stands at $9.6 billion, marking a 28.57% increase from August, although it is still below the $13 billion recorded in June. The rise in open interest…
More than half of voters in the United States are more likely to vote for a pro-crypto candidate versus one who is not, Craig Salm said.
Follow Nikolaus On X Here If you were tuned into the Massachusetts Senate debate last night, you would have noticed a key exchange between pro-Bitcoin candidate John Deaton and his rival Elizabeth Warren, leader of Washington D.C.’s “anti-crypto army.”When pressed by Deaton, Warren wouldn’t even defend herself. After lying and attacking our industry for years, she said “I’m fine if people want to buy and sell crypto.” Seriously. My big concern with this moment is that it says everything about the Democrats and the lip service they are playing to the Bitcoin industry.It’s undeniable that Bitcoin has turned into a…
Dogecoin, the largest meme coin, continues to attract a series of bold predictions from several market experts about its potential in the short and long term following its recent price increase in the past few days, triggered by a broader positive sentiment in the general crypto market. Short-Term Rally Target For Dogecoin Set At $2.7 In an audacious prognosis, Master Kenobi, a crypto expert and trader, has pointed out an insightful potential scenario for Dogecoin that could send the dog-themed meme coin to unprecedented heights in the short term. Kenobi took to the social media platform X (formerly Twitter) to…