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MARA Holdings Inc. announces the appointment of Janet George and Barbara Humpton to its board, and Doug Mellinger as lead independent director. (Read More)
Toncoin (TON) investors are experiencing massive losses due to the instability of the cryptocurrency market. IntoTheBlock data indicates that 9% of all TON investors are profitable at the moment while 86% of investors are in the red. The other 5% of holders are at least covering their costs, which speaks to the current challenging conditions […]
Marathon Digital Holdings reports an 11% increase in hash rate and 2% decrease in blocks won for August 2024, highlighting operational improvements and future goals. (Read More)
The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the worlds first blockchain network.
Riot Platforms calls for Bitfarms shareholders to vote for new board members to improve governance ahead of a crucial special meeting. (Read More)
Farm yield from your crypto holdings on the crypto exchange licensed and regulated by the Bangko Sentral ng Pilipinas.
Riot Platforms has intensified its efforts to acquire rival Bitcoin miner Bitfarms by issuing an open letter to the firm’s shareholders on Sept. 3. In the letter, Riot announced that it had lowered its request for board seats at Bitfarms to two independent directors following recent removals while also criticizing several of the company’s recent decisions. […]
The post Riot Platforms targets remaining 2 Bitfarms board members’ replacement appeared first on CryptoSlate.
Toppers on-ramp entrance to Ledger Live comes at a time when Ledger supports only one off-ramp solution.
Bitcoins significant drop in capital inflows over the last six months is contributing to the current price consolidation.
On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio of the short-term holders is currently making a retest that could prove significant for BTC’s price. Bitcoin STH MVRV Ratio Is Retesting Its 155-Day MA Right Now As explained by on-chain analyst Checkmate in a new post on X, the short-term holder MVRV [...]
The post Bitcoin MVRV Ratio Is At A Critical Retest: Can Bulls Triumph? appeared first on Crypto Breaking News.
Business intelligence firm MicroStrategy, led by Bitcoin (BTC) bull Michael Saylor, announced on Friday a successful $1.01 billion raise through the sale of convertible senior notes, a strategic move aimed at acquiring more BTC and redeeming higher-yielding securities. MicroStrategy Invests Additional $458 Million In BTC Of the funds raised, MicroStrategy allocated $458 million to purchase additional Bitcoin between September 13 and September 19, further bolstering its position as the cryptocurrency’s largest publicly traded corporate holder. As of September 19, the company reported holding approximately 252,220 Bitcoin, valued at around $15.8 billion. Related Reading: Analyst Predicts A Solana Price Crash To $80 If This Happens The convertible notes issued by MicroStrategy carry an interest rate of 0.625% and will mature in 2028. This marks the fourth time this year that the company has turned to the convertible note market to finance its Bitcoin acquisitions. In conjunction with the new issuance, MicroStrategy is redeeming $500 million of higher-interest 6.125% notes due in 2028, reflecting a strategic shift to lower borrowing costs while expanding its crypto portfolio. Co-founder and Chairman Michael Saylor has played a pivotal role in shaping MicroStrategy’s identity as a cryptocurrency investment vehicle since the company first ventured into Bitcoin in 2020. Under his leadership, the firm has transformed from a traditional enterprise software maker into a de facto crypto hedge fund, demonstrating a bold commitment to digital assets amid market fluctuations. MicroStrategy’s stock has also seen significant gains this year, more than doubling in value and outperforming Bitcoin’s approximately 50% increase over the same period. The latest acquisition follows MicroStrategys earlier purchase of 18,300 Bitcoin, valued at roughly $1.11 billion last week. Bitcoin Price Analysis Following what has been deemed a bullish catalyst, the broader cryptocurrency market has responded positively to the US Federal Reserve’s announcement on Wednesday of a 0.50% basis point rate cut. This decision contributed to the recovery over the past week after Bitcoin’s price retraced to as low as $52,640 on September 6. Bitcoin has managed to reclaim the $63,000 mark, aiming to consolidate above this critical level for the last 24 hours. Market analyst Ali Martinez points out that this price point coincides with Bitcoins 200-day simple moving average (SMA) on its BTC/USDT daily chart, which Martinez identifies as a pivotal threshold for the anticipated bull run in the latter part of the year. Historically, failures to maintain this support level have led to significant corrections, as observed in 2020, 2018, and 2014. Martinez warns that a rejection at this level could signal trouble for Bitcoins future price trajectory. Related Reading: XRP Price Surge Could Hit 9,470% Analyst Predicts $27 Target In Bold Forecast To mitigate the risk of a sharp decline, key support floors have been spotted at $61,700 in the short term, with the $60,000 mark serving as an essential threshold to prevent further price drops. In addition, introducing new liquidity into the market could significantly boost the Bitcoin price, as the Fed’s decision may boost investor confidence in riskier assets such as BTC. A successful break and consolidation above $63,000 could set the stage for a potential challenge of the next resistance level at $64,000 in the coming days. Featured image from DALL-E, chart from TradingView.com
Ethereums bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024.
The SFC has secured a groundbreaking settlement to compensate public shareholders of Combest Holdings Limited, marking a significant regulatory milestone. (Read More)
The Ether whale started selling tokens on Sept. 16, with over $38 million in ETH still in its wallets.
Bhutan's $750M Bitcoin holdings from mining operations by Druk Holdings are now labeled on Arkham, making it the 4th largest government with BTC holdings. (Read More)
According to Bitfarms, the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay sometime in December 2024.
Bitfarms said the mining hardware was originally scheduled to be deployed in Yguazu, Paraguay, sometime in December 2024.
MicroStrategys $1.11 billion Bitcoin purchase was funded by selling over 8 million company shares through a sales agreement.
Cardano has surged over 10%, breaking a key resistance level, and is now testing higher prices. Despite the bullish momentum, on-chain data reveals that long-term holders are beginning to take profits. The ratio of daily on-chain transactions in profit to loss has turned positive, suggesting that many investors are capitalizing on recent gains. Related Reading: Injective (INJ) Breaks $18 Resistance: Investors Expect Higher Prices As the market continues to evolve, ADA strives to maintain its uptrend, buoyed by positive sentiment and growing optimism for further price recovery. However, this profit-taking activity indicates that some investors are cautiously locking in gains, potentially leading to short-term price volatility. With high expectations for a continued rally in the coming weeks, investors are closely watching ADA’s performance to see if it can sustain its momentum. The next few days will be critical for confirming whether Cardano can hold above these levels and push toward new highs. Cardano Long-Term Holders Selling Cardano is testing local supply levels after a significant surge, with investors becoming cautious in their short-term strategies. Yesterday, the ratio of daily on-chain transactions in profit to loss reached 1.53, meaning that for every ADA transaction resulting in a loss, 1.53 transactions have generated profits. This metric highlights that many investors are taking advantage of the recent price gains, leading to some long-term holders selling their coins for profit. Data from Santiment supports this view, showing a slight decline in Cardanos Mean Coin Age and Mean Dollar Invested Age on September 11. These metrics track long-term holders’ behavior, reflecting the average age of ADA coins and the amount invested over time. A drop in these metrics suggests that holders who purchased ADA at lower prices are now taking profits, decreasing the average age of the coins in their possession. Despite this selling pressure, ADA still has the potential to maintain its bullish momentum if market conditions continue to push. Cardano could target higher prices, but the cautious behavior from seasoned investors signals that the rally might face resistance soon. Related Reading: Is Chainlink (LINK) $12 Breakout Imminent? Data Reveals A Rising Open Interest The coming days will be crucial for ADA, as it needs to hold above its current levels to confirm a continued uptrend. If buyers regain control and demand increases, Cardano could break through key resistance levels and aim for new highs. ADA Price Action Details ADA trades at $0.3565 after testing a key resistance at $0.36. The price has closed above the 4-hour 200 exponential moving average (EMA) at $0.3490. This is a significant indicator of short-term strength that ADA had respected as resistance since early August. This successful reclaim of the 4H 200 EMA is crucial for maintaining the uptrend. If ADA manages to retest this EMA and hold it as support, it would confirm a short-term bullish trend. Breaking and holding above this level suggests that ADA could continue to push upward. Investors and analysts see the next target as being in the $0.38 to $0.40 range. Related Reading: Cardano (ADA) Rally Brewing? On-Chain Metrics Suggest Investors Optimism However, if ADA loses this support level, the price could drop to lower demand zones, possibly retreating to around $0.33. This would signal a weakening current momentum and potentially spark further selling pressure. Featured image from Dall-E, chart from TradingView
The famous analytical service CryptoQuant has provided some interesting information about the actions of investors in the crypto market in the last two weeks. In a recent report, the firm highlighted that there is a clear dichotomy between short-term and long-term Bitcoin holders. Now that the short-term investors are leaving due to market volatility, the […]
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