$1.1B TIA token release to push Octobers crypto unlocks to almost $2B

Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10. 

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PayPal Increases Supply of Their Stablecoin PYUSD by a MASSIVE 90%...

PayPal's foray into the stablecoin market with PayPalUSD (PYUSD) has been nothing short of remarkable.

The total market capitalization of PYUSD has skyrocketed to $8 million, marking a staggering 90% growth from its initial value slightly above $2 million at the start of the month.

This meteoric rise can be attributed to its adoption by several leading centralized exchanges.

Notably, Kraken was a significant player, contributing to 90% of PYUSD's trading volume last month.

The surge in supply aligns with the trading volumes, which have amplified fourfold, touching $9.29 million. Since its inclusion on September 7, Huobi has become a dominant force, accounting for 57% of the coin's trading volume.

Currently, PYUSD predominantly trades against other stablecoins such as USDT, USD, and EUR. However, Crypto.com stands out as the sole exchange offering trading pairs with major cryptocurrencies like bitcoin (BTC) and ether (ETH) against PYUSD, though these pairs have yet to gain substantial volume.

The potential for PYUSD's growth is palpable, especially as more exchanges are poised to introduce diverse trading pairs. Launched on August 7, PYUSD is underpinned by dollar deposits and short-term US Treasuries, operating as an ERC-20 token on the Ethereum network.

Could PYUSD be gearing up to challenge USDT and USDC?

While PayPal has some distance to cover, the current trajectory suggests a promising future. If they maintain this pace, PYUSD could indeed emerge as a formidable contender in the stablecoin arena.

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Author: Mark Pippen
London Newsroom
GlobalCryptoPress | Breaking Crypto News

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Chase infinite money glitch leaves TikTokers in huge debt

Social media users have been reporting a glitch with Chase Bank ATMs, allowing them to withdraw large sums without sufficient funds.

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The Sandbox (SAND) Targets 8,600% Growth as Crypto Market Shifts In 2024

Alan Santana has recently expressed a bullish sentiment regarding The Sandbox (SAND), suggesting that it could be currently in the middle of a crucial accumulation period with tremendous upside. In his consideration, the prices at the current market are at the lowest, and those who invest now are likely to gain a lot in the […]

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Crypto Trading Bots - Why You NEED One BEFORE the Bull Market Hits....

Countless analysts say the next bull run will be the biggest in crypto history, and if you aren't running a bot when it hits, you will regret it.

Even now as the market gains strength, there have been countless opportunities to make some profitable trades every day, but no human can watch every coin close enough to catch them all. This is something any full time trader is very aware of, and why most pros use at least some automated tools to help.

Crypto Never Sleeps -  But You Have to...

Sock traders have it easy. Prices literally freeze every night of the week so traders can spend their evenings not working, plus weekends.

Crypto, on the other hand, has no hours, weekends, or holidays - it's been tradable 24 hours a day, seven days a week and hasn't stopped for even a minute since Bitcoin launched 14 years ago.

The day I decided to seriously look into crypto trading bots was in the middle of the first big bull run since I entered crypto, back in early 2017. For a couple weeks Bitcoin and some of the top altcoins would run up, dip a bit, then quickly recover and often to a new high.  I had slept for 2-3 hours a day for about a week as I tried to buy as many of those dips as I could. 

Nobody can sustain that, eventually exhaustion kicks in. But bots like Cryptohopper, are designed to operate 24/7, mirroring the ceaseless activity of the crypto market. They can monitor market trends, execute trades, and handle investment strategies without a break. That's why it's what we'll be doing this crypto trading bot review on. Because when everyone else is sleeping, your bot ensures that you never miss a beat.

Profiting in a bull market is easy, but impossible if there's no trades being made. 

Professional Strategies Even Newbies Can Implement...

Crypto trading requires a certain degree of knowledge and understanding about market trends, price fluctuations, and investment strategies. However, with a crypto trading bot like Cryptohopper, there's no need to be a pro.

Cryptohopper has a built-in marketplace where you can copy strategies from professional traders. By subscribing to these trading signals, you can direct your bot to execute trades based on specific triggers, such as when to buy or sell. This feature allows even beginners to leverage professional insights and strategies, effectively bridging the knowledge gap.

In a bull market, when prices are generally on the rise, using strategies from experienced traders can help maximize gains. It allows you to capitalize on market movements effectively and efficiently, without having to constantly monitor trends and make quick decisions yourself.

Worlds Most Customizable Bot: Make It Fit Your Trading Style...

One of the standout features of Cryptohopper is its customizability. It's heralded as the worlds "most customizable" trading bot, allowing users to tailor their bots according to their trading or investment style.

Whether you're a day trader looking for quick profits through multiple daily trades, a swing trader waiting for the right moment to enter and exit the market, or a long-term investor focused on gradual growth over time, Cryptohopper can be configured to meet your specific needs, which is why many consider it the best crypto trading bot currently available. This adaptability is invaluable in a bull market, where the right strategy can lead to significant returns.

Cryptohopper provides a range of benefits for traders, especially in a bull market. Its round-the-clock operations, the ability to use professional strategies, and its highly customizable nature are significant advantages that can enhance your trading experience and potentially increase your profits. However, as with all trading tools, it's crucial to understand how they work and to use them responsibly, always considering the inherent risks of trading. 

Weather you're a high risk / high frequency trader, or just want to accumulate and HODL, until the market turns bearish, there's a way to configure your bot to trade how you want it to. 

Start Smart, and Risk Free:

At the time of publishing you can claim 30% discount using code 'TOTHENEXT6' to celebrate 6 years in business for the team behind cryptohopper  - here you can try some strategies using their "paper trading" feature - this allows you to make real trades, with imaginary funds.  Try out different strategies until you've found one that consistently earns a profit - then you switch to real funds! 

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Author: Justin Derbek
New York News Desk
Breaking Crypto News

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Crypto Will Be a "Hot Topic" in 2024 Elections, According to Coinbase CEO Brian Armstrong...

Coinbase CEO Brian Armstrong explains why crypto will be a hot topic in the 2024 elections.

Video courtesy of Yahoo FinanceSubscribe to GCP in a reader

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Crypto Market Sees Diverging Strategies Between Short and Long-Term Holders: Report

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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Why crypto is struggling to find a strong foothold in the gaming market

Cryptocurrency has undoubtedly risen to greater prominence within mainstream society since the launch of Bitcoin. This is easy to see when you consider how popular digital currency now is with investors and how people increasingly use crypto to purchase goods within daily life. One area where it is still struggling to make headway though is […]

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Bitcoin Faces 2024s Largest Long Position Liquidation: Report

Bitcoin has gone down sharply, thereby destabilizing the entire crypto market. Prominent analytical service CryptoQuant pointed out in a recent post on X that Bitcoin is in for a tumble alongside global stock markets. Bitcoin declined by 16% in a single day and 30% from a recent high in the more short-term trend. This rapid […]

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UNI Price Bounces Back 13% Above $5.6, Can Bulls Maintain Control?

Uniswap (UNI) based on recent price movements has experienced a 13% rebound, pushing its price above the critical $5.6 level. This rebound which follows a period of bearish surge by the cryptocurrency has raised optimism among investors and traders as to whether the bulls can maintain this momentum and drive the price even higher. By [...]

The post UNI Price Bounces Back 13% Above $5.6, Can Bulls Maintain Control? appeared first on Crypto Breaking News.

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Bitcoin Roller Coaster: Analyst Predicts Hope Amid Volatility

Yoddha, a famous crypto analyst, has recently provided his outlook on Bitcoin. In a recent X post, the analyst suggested an upward trend for Bitcoin is possible should some conditions be fulfilled. He said that if the current weekly market performance is sustainable, then there might be a positive outlook for Bitcoin, inferring that the […]

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Crypto markets perfect storm can lead to further massive capitulation

A rapid decline in the traditional markets has spread to cryptocurrencies, obliterating them with a significant drop in all major assets. What are the possible factors for this perfect storm?

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Bitcoin Slips Below $61K: Market Overview And Key Trends

The analytical platform Crypto Rank offered a detailed description of Bitcoin and current state of the crypto market. The platform noted that the Bitcoin price has gone below the mark of $61,000, which showed bearish sentiment in the cryptocurrency market. Platform findings indicate that, presently, Bitcoin trades below $61,000.The top ten cryptocurrencies are in the […]

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Grayscale Ethereum ETF outflows exceed $2B

While Grayscales spot Ether ETF experienced substantial outflows, other ETFs are showing different trends.

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Altcoin Correlation with Bitcoin in 2024: Key Patterns and Market Impact

As per the recent analysis by the analytics platform CryptoQuant, the altcoin market is moving in line with Bitcoin. This positive correlation shows that the altcoins are mimicking the movements of Bitcoin price, a factor that has boosted the confidence of investors in the crypto market. CryptoQuants data demonstrate that this pattern is not an […]

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Crypto Market Insights: Key Events and Opportunities Amid Bearish Sentiment

In a recent YouTube video, the popular cryptocurrency expert Michael van de Poppe discussed the current market perception, events and opportunities. Although the market has been bearish in this period, this is seen as the best time for planning. Some of the altcoins are already exhibiting life and such is a good sign for potential […]

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Bitcoin Market Analysis: Volatility Surges Amid Unclear Trends

Bitcoin showed some form of unpredictability it went against expectations or perceived trends at some point. Self-proclaimed crypto analyst Cheeky Crypto recently delved into these trends and expressed doubts about the future of Bitcoin. In a recent YouTube Video, Cheeky Crypto highlights that Bitcoins recent shifted price formations from the technical patterns. At the start […]

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Dogwifhat (WIF) Holds Strong Above $1.5, Is A Bigger Rally Imminent?

Dogwifhat (WIF) continues to maintain bullish momentum above the crucial $1.5 level, following a successful breakout above this level. This sustained momentum has sparked speculation about whether the asset is gearing up for a more significant rally or if this momentum might eventually lose steam.  As WIF remains resilient above the $1.5 level, this article will offer a technical analysis, utilizing key indicators to assess its current price performance and evaluate the potential for a larger rally, providing insight into the implications for the asset’s future. In the last 24 hours, Dogwifhat has gained a 5.03% increase, reaching approximately $1.53. The meme coins market capitalization has surpassed $1.5 billion, with trading volume exceeding $421 million. Over this period, the market cap has increased by 4.64%, while trading volume has surged by 49.84%. Current Price Action: Evaluating Dogwifhat Performance Above $1.5 Dogwifhat currently, is displaying bullish resilience above the $1.5 level, trading slightly below the 100-day Simple Moving Average (SMA) on the 4-hour chart. If the cryptocurrency maintains its strength above this key level, it could potentially set the stage for a larger rally. Also, the position of the Composite Trend Oscillator indicator shows that WIF could be poised for further price gains. The signal line and the SMA of the indicator have risen above the zero line, suggesting that bullish pressure remains strong in the market. On the daily chart, WIFs price is holding steady after a successful breakout above the $1.5 mark. This resilience suggests that the bulls may continue to dominate, potentially driving the price higher towards the $2.2 mark and the 100-day SMA. Finally, the 1-day composite trend oscillator indicator suggests that Dogwifhat has a strong potential to extend its bullish movement. Both the signal line and the SMA of the indicator are currently in the overbought zone, with the signal line attempting to cross above the SMA. This suggests that an additional upside move could be imminent for the cryptocurrency. Potential For A Larger Rally: What to Watch Out For As WIF’s price continues to maintain its current resilience above the $1.5 mark, it is expected that the crypto asset could start a rally toward the next key resistance level at $2.2. Should the price break and close above this level, Dogwifhat may continue its bullish move toward the next resistance point at $3.58 and potentially advance to even higher areas. However, if WIF faces resistance at the $2.2 mark and experiences a rejection, it might begin to decline towards the $1.5 level. When the price breaks below this support, it could signal more bearish movement, potentially leading to further declines toward the $1.02 mark and beyond. Featured image from YouTube, chart from Tradingview.com

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Spot Bitcoin ETFs attract investor interest despite August outflows

The positive inflows into ETFs from major players like Fidelity and BlackRock highlight the growing confidence in the investment vehicles.

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Cardano Eyes $0.3389: Can Bulls Sustain ADA Above This Critical Level?

Cardano (ADA) is approaching a critical juncture as it eyes a retest of the key $0.3389 support level. In recent trading sessions, ADA‘s price has previously risen above this level and is currently dropping for a second retest thereby raising concerns among investors and traders.   A successful defense of the $0.3389 support could signal a potential reversal and renewed bullish momentum, while a breach below this level may open the door to further declines. This article aims to analyze the significance of the $0.3389 support level for Cardano and whether bullish momentum can hold ADA above this key threshold by examining technical indicators and market sentiment. With a market capitalization of over $12 billion and a trading volume of over $240 million, ADAs price was down by 0.69% trading at around $0.3462 at the time of writing. Over the past 24 hours, its market cap has decreased by 0.68%, while its trading volume has fallen by 26.44%. Current Technical Indicators: What They Reveal About Cardano On the 4-hour chart, Cardano is trading below the 100-day Simple Moving Average (SMA) and is currently experiencing a bearish trend toward the $0.3389 mark. Given this bearish sentiment, it is likely that the bears could continue to exert control and push the price toward this critical level. A 4-hour Composite Trend Oscillator analysis reveals that both the signal line and the SMA line of the indicator have successfully climbed above the zero line and are now approaching the overbought zone This suggests that the current drop could be temporary and that the bulls may reclaim control at the $0.3389 mark. On the 1-day chart, Cardano is still trading below the 100-day SMA and it is attempting a bearish move toward the $0.3389, which means that the bears are currently in control and could potentially push the price lower. Lastly, on the 1-day chart, both the signal line and the SMA line of the composite trend oscillator have dropped below the zero line into the oversold zone. This indicates that ADA’s price could reverse upon reaching the $0.3389 mark. Analysis: Potential Outcomes If $0.3389 Support Holds Or Fails An analysis of potential outcomes indicates that if the price of Cardano reaches the $0.3389 support mark and this key level holds, it could start to rise toward the $0.4233 resistance level. If the price successfully breaches this resistance, it may continue to test higher levels. However, should the $0.3389 mark fail to hold and the price break below this level, the digital asset may continue to move downward toward the $0.2388 range. If this level is breached, the crypto asset may experience more price drops toward other support marks below. Featured image from Adobe Stock, chart from Tradingview.com

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