Author: NBTC
3. BTC Price Forecast: Bollinger Bands Show Key Resistance at $59,500 Bitcoin (BTC) has experienced a notable rebound over the past two days, climbing 16.68% from a low of $55,598.19 to the current level of $57,586.78 as of August 7, 2024. This recovery follows a sharp decline, where BTC lost nearly 30% in the preceding week. Technical indicators now suggest a potential shift in market sentiment. The Bollinger Bands, a volatility indicator, reveal key resistance at $59,500. This resistance level coincides with the upper band, which BTC needs to break through to confirm a bullish continuation. Bitcoin Price Forecast BTCUSD…
Are more token launches coming this fall? “I think we’re in a new cycle,” PitchBook’s Robert Le told Blockworks. “In the last six months to maybe even a year, we’ve been in the same cycle in terms of sentiment, increasing capital going into the space and more developers coming and building. So last quarter, I think, maybe there was a little bit of a lull,” he added. Le’s feeling pretty positive about the fall, and he thinks it’s just a matter of time until projects start announcing more token launches. He’s already seen plans for the third and fourth quarters…
The existing copy trading model suffered from pain points including misaligned incentives and unsustainable returns. Woo X wants to reduce the pressure on lead traders to always outperform the market with the introduction of a countertrade feature. Cryptocurrency exchange Woo X has introduced what it says is an enhanced and fairer version of copy trading, a way of emulating the expertise of seasoned traders by mimicking their market activities, the firm said on Monday. Copy trading, or “social trading,” as Woo X calls it, is not new in either crypto or traditional finance. The practice of easily availing customers of…
Musician Sean Ono Lennon, the younger son of the legendary Beatles’s John Lennon, is a vocal crypto supporter. He first mentioned Bitcoin in his interviews in 2020, when the world was suffering heavily from the pandemic, saying that BTC had given him hope. Lennon’s tweet on stock market meltdown From time to time, Sean Lennon tweets about cryptocurrency projects he finds interesting. On Aug. 6, however, he addressed the issue that caused the 24% price collapse of Bitcoin that ended on Tuesday, as well as pushed the stock market down. Lennon asked the U.S. government to comment on the stock…
In line with the new updates concerning the ETF sector, the Ethereum and Bitcoin ETFs have expressed contrasting trends on September 9. As per Lookonchain, a popular on-chain analytics platform, Bitcoin ETFs have gone through substantial outflows while Ethereum ETFs have recorded slight inflows. The analytics provider took to social media to provide the details of these flows. Sept 9 Update:10 #Bitcoin ETFsNetFlow: -2,846 $BTC(-$157.68M)🔴#Fidelity outflows 1,596 $BTC($88.39M) and currently holds 171,122 $BTC($9.48B).9 #Ethereum ETFsNetFlow: +1,786 $ETH(+$4.11M)🟢#Grayscale Mini Trust inflows 3,062 $ETH($7.04M) and currently holds 373,310… pic.twitter.com/Zatgv77eTI — Lookonchain (@lookonchain) September 9, 2024 Bitcoin ETFs Experience Substantial Outflows of 2,846…
In the past two days, a prominent cryptocurrency whale sold 540 Wrapped Bitcoin (WBTC) valued at approximately $29.6 million. The sale occurred at a price of $54,853 per WBTC, yielding a profit of around $15.5 million. A whale sold 540 $WBTC($29.6M) at $54,853 in the past 2 days, making ~$15.5M.This whale bought 721 $WBTC from #Binance at $26,191 between Aug 21 and Aug 25, 2023.https://t.co/0Nk6sX4z5z pic.twitter.com/Pni1UZr8Ra — Lookonchain (@lookonchain) August 7, 2024 This whale initially purchased 721 WBTC from Binance between August 21 and August 25, 2023, at an average price of $26,191 per WBTC. This strategic move allowed the…
The U.S.-listed BTC exchange-traded funds (ETFs) hit $28.7 million in inflows on Monday, ending a long losing streak. BTC is trading below $56.5K, while the CoinDesk 20 (CD20) is up 2.3%. Spot bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. posted just over $28.7 million in net inflows on Monday, ending a record outflow streak worth $1.2 billion, data shows. The ETFs lost money since Aug. 27, and Monday was the first day of net inflows in September – a month that traders have previously warned to be bearish for the leading cryptocurrency. Outflows from ETFs signal a lack…
Aptos has released a new version of its node software, Aptos Node v1.17.1. Users are encouraged to upgrade to this latest version as soon as possible. In this way, they must ensure that they are running the most current and secure software. Aptos Node v1.18.0 has been released! Please upgrade to v1.18.0 within the next 24 hours! https://t.co/zBb6oLsOay — Aptos Releases (@AptosRelease) August 25, 2024 Aptos Requires Validator Nodes to Upgrade by August 1st For those that operate validator nodes, it is necessary to move to v1.17.1 by August 1st. Basically, validator nodes are very essential in the Aptos blockchain…
In the month of August, Crypto.com surpassed Coinbase, becoming the leading crypto-exchange in the world. September, on the other hand, seems to be recording a general market bear. Crypto.com surpasses Coinbase in August: the crypto-exchange records $95.64 billion in transactions September and the general crashes of crypto-exchanges and crypto-markets The famous bull of Crypto.com Crypto.com surpasses Coinbase in August: the crypto-exchange records $95.64 billion in transactions Crypto.com surpassed Coinbase in the month of August, becoming the leading crypto-exchange in the world. According to what reported, during the past month, Crypto.com would have recorded 95.64 billion dollars in transactions, out of…
What is a Donor-Advised Fund? A donor-advised fund (DAF) is a highly flexible charitable giving tool that allows you to make a charitable contribution, receive an immediate tax deduction, and then recommend grants from the fund over time. Think of it as a “lily pad” that provides a strategic resting place for your charitable assets before they reach their final destination. Imagine a frog poised on the bank of a stream, ready to leap to the other side. This frog represents your bitcoin, and the stream is the path to charitable giving. The lily pad in the middle of the…