CleanSpark CEO Zach Bradford told Bernstein he's expecting a post-election bump in markets.
Ethereum, the second-largest cryptocurrency by market capitalization, has recently experienced a significant surge in transaction fees.
XRP has been hovering near $0.6351, down slightly by 0.95% for the day. The coin is testing a resistance level near $0.6548, and a breakout above this could signal further gains.
Ethereum's price has dropped to $2,598, a 1.90% decline in 24 hours. The Ethereum Foundation sold 100 ETH for approximately 262,474 DAI.
The price of Shiba Inu has dropped by 8% in the past 24 hours, falling to $0.00001823 on a day when the crypto market as a whole loses 3.5%.
Since their approval in January 2024, Spot Bitcoin ETFs have been steadily gaining traction in the United States, with the issuers buying hundreds of thousands of BTC as their popularity spread. This has led to a large stash of BTC by these issuers as BlackRock leads the charge.
There seems to be a turning point for Shiba Inu as it could soon see another zero added to its price. Following a brief spike, SHIB recently pulled back, suggesting that it is having difficulty keeping up its bullish momentum.
After breaking above the middle boundary of the descending price channel, Ethereum has temporarily lost its bullish momentum, slightly approaching the crucial $2.8K resistance. The upcoming price action around this level will play a decisive role in shaping Ethereum's trajectory in the mid-term, with potential outcomes dependent on whether buyers can overcome the selling pressure.
If not aligned, "we risk heading down a path where individual incentives could diverge from the collective vision," he wrote in a blog post.
Bitcoin (BTC) may not be able to sustain its bullish trend as some whales have made negative moves. It appears that selling pressure has started to increase on BTC, hindering a potential upward rally.
Bitcoin has pulled back a bit during the course of the trading session on Monday, as we continue to see a lot of bullish pressure, but quite frankly, the market is likely to continue to see a lot of noisy and choppiness as far as trading is concerned on the
Bitcoin's recent price surge toward $66,000 has led to heightened optimism, but the market now faces a potential retracement phase. The $66K resistance level is proving to be a formidable barrier, and BTC is likely to undergo a period of consolidation or correction before determining its next major trend.
A savvy investor spent over $26M to acquire 10,083 $ETH less than 24 hours ago. Lookonchain blockchain trackers revealed this smart trader raking in millions using ETH swing trades with a perfect winning streak since August 12.
Ethereum's transaction fees have risen to a 3-month high, reaching $45 million due to increased NFT activity.
Bitcoin recently managed to climb back to $66,000, generating enthusiasm among traders.
The Rollup Coaster #32 delves into Ethereum's latest innovations including rollups, zero-knowledge proofs, and TEEs, highlighting key updates and research.
TL;DR Ocean launches DATUM, a decentralized mining protocol that allows miners to control block creation. DATUM offers an alternative to Stratum V2, decentralizing block construction in Bitcoin. The new protocol aims to mitigate centralization and improve Bitcoin's security.
Though September started rough for stock and cryptocurrency investors, the latter parts of the month provided a strong prelude to October, or, as many within the community call the month, ‘Uptober.'
ETP issuer Valour has launched a fully backed Ethereum staking ETP on the London Stock Exchange, marking a pivotal step for institutional access to decentralized finance in the U.K.
Bitcoin's (CRYPTO: BTC) 8% uptrend over the past 30 days is seen by traders as a precursor to what may be coming in the year's final quarter. What Happened: “Millionaire trader” Unipcs highlighted that eight out of ten Octobers have seen Bitcoin rise in value.
Popular Shibburn tracking platform has spread the word about a significant increase in the SHIB burn rate that took place over the past two hours, pushing this metric's reading high into the green zone.
If you bought the bitcoin dip, you're definitely not alone.
I've written a second travel guide, this time focusing on Guatemala, a must-visit country for bitcoiners.
While majority of DeFi tokens faced a setback in the last month, memecoins performed relatively better.
BlackRock's fund is in the top 20% of the 3,700+ ETFs accessible in the US market. Ether funds saw positive net inflows for three of the five trading days last week.
TL;DR Market Sentiment: Santiment's analysis indicates that Bitcoin's high bullish sentiment (a 1.8 to 1 ratio of bullish to bearish posts) could lead to a market correction. Recent Price Movements: Bitcoin surged over 10% to $64,000 due to significant monetary policy changes in the US and China, but remains 13% below its March peak.
Bitcoin surged while the other altcoins were consolidating and currently, the price is dumping harder than them. While some of the altcoins are maintaining a steep ascending trend, Bitcoin flashes the possibility of a bearish pullback.
Michael Saylor, CEO of software manufacturing giant MicroStrategy and well-known Bitcoin bull, shattered Monday's calm in the crypto space with a new viral post. Entitled "Hodl On," the MicroStrategy chief posted an infographic showing the price performance of various assets such as BTC, MSTR stock and the S&P 500 since the software provider adopted the Bitcoin strategy on Aug. 20.
Bitcoin reaching $75,000 to $80,000 by Christmas seems plausible, but hitting six figures will require everything to “go right from here,” according to a crypto analyst.
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Bitcoin Layer 2 trading protocol Velar Dharma has announced its integration with Xverse, the leading non-custodial wallet for accessing Bitcoin's Layer 2 ecosystem. This partnership allows Xverse users to make Bitcoin swaps directly within the wallet, powered by Velar Dharma's automated market maker (AMM).
On Sept. 30, 2024, ethereum's price showed consolidation near $2,630 after testing key support and resistance levels. The market exhibits mixed momentum, as oscillators point to neutrality while moving averages provide conflicting signals.
A senior Bitcoin mining executive expects prices to continue rising in the ongoing bull market cycle.
Buterin listed attaining “Ethereum alignment” as a top social challenge facing the community. The co-founder emphasized Ethereum maintaining its authentically neutral stance.
Fresh off the Singapore TOKEN2049 parties, Cryptopolitan had the opportunity to chat with BitMEX and Maelstrom founder Arthur Hayes to gauge the markets.
Bitcoin's price is expected to benefit in the fourth quarter, despite the upcoming US presidential election, according to CK Zheng, chief investment officer of ZX Squared Capital.
CleanSpark CEO Zach Bradford emphasized that Bitcoin's prolonged period of price stability could indicate a sustained upside in the coming months.
In a recent interview with research and brokerage firm Bernstein, CleanSpark CEO Zach Bradford forecasted that Bitcoin could peak at just under $200,000 within the next 18 months.
After months of sideways movement, the crypto industry has finally entered the euphoria phase of the cycle. Bitcoin continues to slice through resistance, and altcoins are pumping as well. There seems to be a return in the memecoin niche as well, with Shiba Inu and BONK pumping massively.
Crypto investment inflows hit $1.2 billion last week, marking three consecutive weeks of positive growth since September 9. This surge comes amid growing optimism in the market, fueled by bullish macroeconomic developments and other value-boosting events in the finance sector.
After a strong resurgence in September, Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) seem set for an even stronger performance in October. What Happened: Elon Musk, a vocal supporter of Dogecoin, on Saturday tweeted an AI-generated picture of him and Donald Trump with an image of the Dogecoin dog and the inscription "Department Of Government Efficiency.
Overbought conditions also surely played a role in bitcoin's Monday decline.
Bitcoin and stocks experienced one of their best Septembers in years, and analysts cite factors that could support further risk-on sentiment.
The cryptocurrency market is buzzing with excitement as Bitcoin, the world's leading digital currency, shows signs that it may be on the verge of a significant bull run. Recent analysis suggests that various economic factors could contribute to this upward trend.
Popular investment influencer Gary Cardone has voiced regret over his choice to invest in real estate instead of Bitcoin.
Cryptocurrency Market Overview: The market capitalization of the industry has dropped to $2.24T due to a slump in Japan and the worldwide market, which saw losses of 2.32% in the last day. With a 51.42% increase in 24-hour volume to $69.28 billion, trading activity has soared.
Bitcoin is currently in a consolidation phase within a sideways price range. This kind of movement might be repeating a historical pattern, where Bitcoin cools off on smaller time frames after reaching overbought territories. However, there's no indication yet of a significant breakout.