Author: cryptotechbro
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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…
Key takeaways:Spot Bitcoin ETF inflows and low leverage suggest the BTC rally has room to grow.US Federal Reserve liquidity and weak bond sales support a Bitcoin push beyond $110,000.Bitcoin (BTC) was unable to sustain its bullish momentum after reaching a new all-time high of $109,827 on May 21, which led traders to question whether derivatives markets mainly drove the rally. From a broad perspective, the $77 billion in Bitcoin futures open interest has undoubtedly played a role. However, a closer look at the data shows a more positive outlook for further price gains.Bitcoin 2-month futures annualized premium. Source: Laevitas.chThe current…
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Today, New York City hosted its first ever crypto summit. The event took place at Gracie Mansion, the mayor’s residence, and was attended by prominent figures from the crypto industry, many of whom are based in New York. At the event, Mayor Adams made the case that he felt the attendees’ pain, stating that they’ve wrongfully been persecuted, and he claimed that it’s now safe for those in the Bitcoin and crypto industry to both speak up and set up shop in New York. “Look how they’ve treated you,” said Mayor Adams. “You were treated as though you were the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to on-chain data from analytics platform Santiment, Ethereum’s supply on exchanges has dropped to an all-time low, plunging below 4.9%. This marks the lowest level recorded in its 10+ year history and highlights a dramatic shift in investor behavior. This is a prime indicator of an incoming upside for Ethereum, especially with sentiment surrounding the cryptocurrency becoming increasingly bullish. Ethereum On Exchanges Hits Record Low Ethereum (ETH) is currently trading around $2,530, a significant recovery from its April lows around $1,385. Notably, ETH’s price action in…
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Chainlink (LINK) is showing renewed strength as its price moves higher within a well-defined rising channel pattern. After a period of consolidation, LINK has entered a rally mode, forming the channel, a classic signal of sustained upward movement. This technical setup suggests that the bulls are firmly in control, and unless a major shift in sentiment occurs, the uptrend could continue in the short to mid-term. Chainlink Breaks Above 200 MA: Bullish Momentum Builds On M30 In an X post, crypto analyst Thomas Anderson highlighted that Chainlink is exhibiting notable bullish momentum on the 30-minute (M30) timeframe. According to Anderson,…
With the rising popularity of cryptocurrencies like Bitcoin & Ethereum, it’s crucial to explore methods for safeguarding these valuable holdings. In the fast-evolving world of cryptocurrency, ensuring the security of digital assets is paramount. The significance of hardware wallets in this context cannot be overstated: their unique design offers a robust layer of protection that other wallet types simply cannot match. Understanding Crypto Wallets and Their Importance At the core of cryptocurrency management lies the crypto wallet. These tools don’t store coins directly; instead, they hold your private keys, the secret codes that grant access to your funds on a blockchain. Securely…
Binance has filed a motion to dismiss a $1.76 billion lawsuit brought by the FTX estate, accusing the defunct crypto exchange of trying to deflect blame for its own failure.Filed on May 16 in the Delaware Bankruptcy Court, Binance’s legal team called the suit “legally deficient,” stating that FTX’s collapse was not triggered by market manipulation or hostile action but by internal misconduct.“Plaintiffs are pretending that FTX did not collapse as the result of one of the most massive corporate frauds in history,” the filing said, pointing to Sam “SBF” Bankman-Fried’s conviction on seven counts of fraud and conspiracy.FTX’s estate…