Author: NBTC
Ethereum price slips into the $2.3K range, with a brief 1.52% spike. ETH hits a 4-month high in network growth with 126,210 new wallets. Altcoins have shown mixed signals this week, with Ethereum, the largest altcoin, grappling to hold its ground. Its price remains caught between crucial support and resistance levels, recently dropping below $2,400. Notably, over the past 24 hours, despite price fluctuations, ETH witnessed a moderate spike of 1.52%. At the press time, ETH traded at $2,351 with a market cap of $282 billion. Over the day, Ethereum recorded the lowest price at $2,274, and the highest at…
As the cryptocurrency market recovers after a period of volatility, certain digital assets are emerging as frontrunners, demonstrating both resilience and strong growth potential. While the broader market shows signs of recovery, specific altcoins are standing out due to their robust fundamentals, innovative developments, and increasing community interest. Among these, a few cryptocurrencies are positioned to make significant waves in the coming weeks. With crucial upgrades on the horizon, these digital assets are gearing up for a potential breakout. In this context, Finbold has identified two such assets that are likely to attract considerable capital inflows, propelling them closer to…
Bitcoin crashed to a daily low of $49,577 yesterday and could be on the brink of a death cross, a pattern that has historically spooked traders and stirred up a storm of pessimism. This ominous-sounding phenomenon in technical analysis occurs when the 50-day simple moving average (SMA) dips below the 200-day SMA, indicating that short-term momentum is lagging behind the long-term average. At its current price of $56,386, the 50-day SMA is at $62,488, while the 200-day SMA is at $61,664. A death cross is seen as a bearish signal among short-term traders, but—despite its name—does not necessarily mean impending…
Ethereum (ETH) slightly recovered in its price today, but whales seem to be putting selling pressure on it. We typically see long-term holders, or whales, being on the bullish side. However, it appears that the tides are turning for ETH, as there was an intense sell-off today. Crypto tracking service Whale Alert has revealed three different transactions, shedding light on these sales from whales. In the first transfer, a whale sent 39,999 ETH from their private wallet to crypto exchange Binance. This transaction is estimated to be worth around a whopping $93.5 million. In the second transfer, another whale transferred…
At the famous Bitcoin 2024 event in Nashville, the Independent Candidate for the US Presidency Robert Kennedy Jr was also present, who expressed his opinions on BTC. For Kennedy, Bitcoin is the change towards financial autonomy and privacy, and regulation should encourage growth. Kennedy in Nashville: Bitcoin is the change and promotes financial inclusion Kennedy in Nashville: regulation should encourage the growth of Bitcoin and crypto The independent candidate for the pro-bitcoin US presidency Kennedy in Nashville: Bitcoin is the change and promotes financial inclusion On the occasion of the famous evento Bitcoin 2024 in Nashville, the Independent Candidate for…
58.15% of top Ethereum traders are holding long positions. CoinGlass’s Long/Short ratio currently stands at +1.392, indicating bullish market sentiment. Ethereum (ETH) could reach the $2,570 level and $2,840 level if it closes a candle above the $2,390 level. In this ongoing market reversal, the Ethereum (ETH) price is poised for a significant rally as bulls are currently dominating the assets. According to the on-chain analytic firm CoinGlass, 58.15% of top Ethereum traders are holding long positions, while 41.85% are holding short positions. Traders Sentiment are Bullish for Ethereum This data suggests that bulls are back and could trigger a…
Sentiment has shifted from bearish to bullish in the cryptocurrency market following a dovish speech by Fed’s chair Jerome Powell. While most cryptocurrencies are seeing increased buying pressure, three digital assets may suffer from impending sell-offs this week. Concerns about crypto selling activity started as on-chain analysts spotted the Ethereum Foundation moving 35,000 Ethereum (ETH) to Kraken. As Finbold reported, the community demanded an explanation for the $100 million worth of ETH on August 23. Notably, Aya Miyaguchi explained that it is a usual treasury management activity within the Foundation’s yearly budget. It is also worth mentioning that the amount…
Trading volume for Bitcoin exchange-traded funds surged to $5.7 billion on August 6, surging from the prior 48 hours as crypto markets experienced heightened volatility. Outflows have since calmed down at $84.1 million, according to data from Coinglass, with net assets remaining at the $48 billion threshold. Bitcoin ETF Heatmap and inflow chart. Source: CoinGlass. The spike in ETF trading coincided with an 8% drop in Bitcoin’s price since August 4. Ethereum saw an even steeper 21% decline after major funds like Jump Trading and Paradigm reportedly sold hundreds of millions of dollars worth of ETH. Alex Thorn, head of…
Crypto analyst Benjamin Cowen, known for his “Into the Cryptoverse” channel, warns that Ethereum’s price could plummet to $1,200 by December. He highlights a wedge pattern in the current cycle, similar to one seen in 2019, but with a significantly longer duration. In a post on social media platform X (previously known as Twitter), Cowen added that Ether has formed a wedge in the current crypto cycle that includes higher lows, similar to the ones during the 2019 cycle but with ~10x the length. Read also: Blockchain Revenue Report: Tron Leads, Ethereum Follows Cowen notes that during the 2019 cycle,…
Injective piques investors’ interest as on-chain developments continue on the platform. These new integrations and information excite investors, bumping the token’s price by over 21%. The continuous positive developments are expected to further steer the INJ on the bullish path. Given the conditions and positive developments of Injective, its investors and traders have chosen the status of INJ as a prime crypto for its native token, providing values to users and traders. ‘Fastest Layer 1 Blockchain’ Slashed Blocktimes To Just 0.65 Seconds Injective recently posted a thread detailing the platform’s most recent achievement: slashing finality times to just 0.65 seconds.…