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Data shows metrics related to Shiba Inu have seen rapid growth alongside the meme coin’s 34% surge, a potential sign that FOMO is developing among investors. Shiba Inu Has Seen An Uptick In Activity With Its Latest Rally In a new post on X, the analytics firm Santiment has discussed how the various indicators related [...]
The post Shiba Inu Rallies 34%, But Will FOMO End The Rally? appeared first on Crypto Breaking News.
Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10.
The integration of nBTC into Berachain's Artio testnet could significantly boost DeFi liquidity and innovation, enhancing Bitcoin's utility.
The post Nomic brings nBTC to Berachain, enables direct BTC conversions on bArtio testnet appeared first on Crypto Briefing.
The Wellcome Sanger Institute leverages NVIDIA's accelerated computing to enhance cancer genome analysis, reducing costs and energy consumption significantly. (Read More)
The latest 10x Research report examines macroeconomic factors and seasonal patterns hinting at a Bitcoin rally while cautioning investors on potential risks.
The project aimed for speed, privacy and legal compliance while using highly accessible and desirable US Treasury bonds as a collateral asset.
Hong Kong emerged as the fastest-growing Eastern Asian country in terms of global crypto adoption, with 40% of the regions value received in stablecoins.
CoinShares expects that crypto investment products will become increasingly sensitive to interest rate expectations in September.
CleanSpark Inc. acquires two Bitcoin mining sites in Mississippi and closes on its second site in Wyoming, significantly boosting its operational capacity. (Read More)
Nomics nBTC will compete with wBTC and come without controversy or centralization concerns.
Atomic Wallet has won a dismissal in a $100 million class-action lawsuit related to a hack, citing lack of jurisdiction over the Estonia-based company. (Read More)
The Silicon Beach wants to make sure Bitcoin has a place there, with help from a blue-collar-oriented nonprofit.
The market Capitalization of the XRP token has raised by 23% within the last 24 hours. In a recent X post, the platform highlighted that this sharp rise indicates that investors feel more comfortable with cryptocurrency and its potential, which has only been steadily growing and setting records recently. Santiments analysis shows that addresses holding […]
The Entry Aleph Ciudad de Crecimiento was published first on CoinFabrik.
Crypto analyst Rekt Capital has provided some form of optimism for Bitcoin investors, suggesting that the massive sell pressure on the flagship crypto is almost over. This comes amid a significant surge in Bitcoins dominance. Bitcoin Seller Exhaustion Is At Its Peak In an X (formerly Twitter) post, Rekt Capital mentioned that the sell-side volume has reached and even dramatically eclipsed Seller Exhaustion levels seen at previous price reversals to the upside. The analyst added that Bitcoin hasnt seen this level of sell-side volume since the Halving event in April earlier this year. Related Reading: VanEck CEO Compares Bitcoin Adoption To Gold, Reveals Why Price Will Touch $350,000 This undoubtedly presents a bullish development for the flagship crypto since Bitcoin is bound to witness a massive reversal with the sell pressure almost over. This is already happening, as Bitcoin has rebounded in the last 24 hours, following its drop below $50,000 for the first time since January. Rekt Capital also suggested that Bitcoin could rebound to as high as $62,550 in the short term as it looks to fill the CME gap, which is currently between $59,400 and $62,550. He noted that the odds favor Bitcoin filling this gap since the crypto token has filled all of the CME Gaps it has created over the past several months. Crypto analyst Skew also commented on the massive sell-side volume that Bitcoin recently experienced. He explained that this happened because Bitcoin failed to hold above $70,000 following its July price rebound. The analyst added that there is no actual chaos yet, suggesting there was no need to be worried about the recent price correction. With seller exhaustion at its peak, there is also the likelihood that Bitcoin has found a bottom and that this could be the final correction before the bull run kicks into full gear. Veteran trader and analyst Peter Brandt noted that Bitcoins decline since the halving means it has now achieved a price drop similar to the one during the 2015 to 2017 Halving bull market cycle. BTC’s Dominance Hits 3-Year High Amid the market turmoil, data from Coinglass shows that Bitcoins dominance recently hit its highest level since April 2021. This rise has been largely due to the Spot Bitcoin ETFs, which have caused new money to flow into the Bitcoin ecosystem. Meanwhile, altcoins have had to battle for capital from existing retail investors who continue to divest their money between several crypto assets. Related Reading: Dogecoin Open Interest Sees Sharp 24% Drop, Where Does Price Go From Here? Crypto analysts like Roman have suggested that Bitcoins dominance will likely continue to rise for now, as he predicted that the flagship crypto will continue to suck up all the liquidity until later this year. He expects Ethereum and other altcoins to continue trading sideways during this period. At the time of writing, Bitcoin is trading at around $56,000, up over 10% in the last 24 hours, according to data from CoinMarketCap. Featured image from Cointribune, chart from Tradingview.com
Bitcoin fell to a low of approximately $49,000 following market turmoil brought on by the Bank of Japans rate hike and the Federal Reserves inaction.
Several factors accelerated ETHs drop to $2,100, and analysts warn that the recovery could take some time.
Bitcoin (BTC) drops 11% over the past week, hitting a low of $49,130 amid broader economic instability and market turmoil. (Read More)
Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.
A hacker group is using its signature trojan malware to infect users of web browsers with Chromium engines.
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