Bitcoin’s price dropped over 4% last week, wiping out half the gains made in early July and briefly dipping below the key support range of $114,672-$115,734. This short-term bearish pressure was amplified by a “death cross” on the 4-hour chart and negative funding rates, signaling caution among traders. However, a deeper look at on-chain data
As Bitcoin remains within a critical range, a prominent market analyst has noted that how it leaves this zone will determine its next move. According to a chart shared by crypto analyst Marc Cullen, Bitcoin is trading in an inefficient price area between two weekly ranges. This zone, which spans from $112,000 to $116,000, is
Investing in cryptocurrencies can yield either a substantial profit or a substantial loss. While there are many investments in both directions, one company made a huge profit on a surprising altcoin. Accordingly, Paradigm, a leading venture capital firm in the cryptocurrency field, made a huge profit from its investment in the altcoin called HYPE. It
Spheron Network, a popular P2P decentralized compute infrastructure provider, has announced its latest collaboration with OpenGradient, an emerging player in the open-source AI world. The partnership aims to bolster decentralized AI as well as intuitive infrastructure. In its announcement, the platform has described this move as a notable development to establish a decentralized and smarter
Mark Zandi, chief economist at Moody’s Analytics, is accelerating his warnings of an incoming recession, highlighting several troubling indicators that point to a broad-based economic slowdown. According to Zandi, the economy is on the ‘precipice’ of a major downturn, citing recent economic data showing that consumer spending has stalled, while both the construction and manufacturing
Base creator Jesse Pollak is calling on crypto funds to seize a “no-brainer” opportunity to take a $5 million+ long position in a diversified index of on-chain creator coins. The interest comes amid growing interest in the on-chain economy at both institutional and political levels. On-Chain Creator Coins as a New Investment Frontier Jesse Pollak’s
South Korea’s leading banks are eyeing faster entry into the crypto and stablecoin markets. The announcement comes as executives around the crypto industry predict upcoming laws at the national level will pave the way for mass issuance of stablecoins and other digital asset services. The move prompts the biggest lenders, including Shinhan, Woori, KEB Hana,
Teucrium’s XRP ETF is rewriting the record books as skyrocketing investor demand propels it past every fund in the firm’s 16-year history with unstoppable momentum. “It is our most successful fund,” said the firm’s president. Teucrium’s XRP ETF Fires Past Every Fund in Company History With Accelerating Demand Investor appetite for XRP exposure is accelerating
Bitcoin dropped 2.88 percent to $112934 and showed signs of a Bollinger Band contraction setup again The chart shows a similar fakeout pattern that led to major expansion during the 2021 cycle top move Analysts expect BTC to reenter the Bollinger Bands soon, which may lead to a sharp push above $120000 Bitcoin (BTC) closed