Crypto News

MicroStrategy's Bitcoin Holdings MicroStrategy, a publicly traded business intelligence company, made waves in the cryptocurrency world when it announced its initial purchase of 21,454 bitcoins in August 2020. Since then, it has continued to acquire more bitcoins, with its latest purchase of 19,452 bitcoins in February 2021, bringing its total holdings to over 90,000 bitcoins. This has made the company one of the biggest institutional holders of bitcoin, surpassing even Grayscale's Bitcoin Trust. Grayscale's Bitcoin Trust Grayscale's Bitcoin Trust has been a popular investment product for institutions and accredited investors looking to gain exposure to bitcoin without directly holding the cryptocurrency. As of February 2021, the trust holds approximately 650,000 bitcoins, making it the largest institutional holder of the cryptocurrency. However, with MicroStrategy's continued purchases, it may soon be overtaken by the company in terms of bitcoin holdings. ...

Consolidation Near Key Levels: Ethereum (ETH) has been consolidating near the $2,630 mark after testing both support and resistance levels in the past few days. The cryptocurrency has been struggling to surpass the $2,700 resistance, but has also found strong support at the $2,600 level. Mixed Momentum: The market for ETH is currently exhibiting mixed momentum, with oscillators like the Relative Strength Index (RSI) and the Stochastic RSI (Stoch RSI) showing neutral readings. This could suggest that traders are unsure of the direction of the market and are waiting for a clear signal before making any major moves. Conflicting Signals from Moving Averages: The moving averages for ETH are giving conflicting signals, with the 50-day and 100-day moving averages providing bullish support while the 200-day moving average is acting as resistance. This could indicate that the market is in a state of indecision, with no clear trend in either direction. Popular Crypto Tickers and Hashtags...

Bitcoin's Slowdown: Causes and Analysis There are several factors that have contributed to the recent slowdown in Bitcoin's price. One of the main reasons is the increasing regulatory scrutiny and restrictions on cryptocurrencies globally. Governments and financial regulators in various countries have raised concerns over the potential risks associated with digital assets and have imposed stricter regulations, causing uncertainty and hesitation among investors. Another reason for Bitcoin's slowdown could be the flooding of the market with new cryptocurrencies, also known as altcoins. With the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), there has been a surge in the creation and popularity of alternative cryptocurrencies. This has led to a diversion of funds and attention away from Bitcoin, causing its price to drop. Moreover, technical analysis suggests that Bitcoin may be experiencing a correction after its rapid price increase in recent w...

XRP Breaks Out of Macro Consolidation XRP has been trading within a macro consolidation pattern for the past few months, with a price range between $0.20 and $0.30. However, the digital asset has recently broken out of this range, reaching a high of $0.35. This breakout has been long awaited by investors and has sparked a new wave of interest in the XRP community. Institutional Interest in XRP Grows As institutional investors continue to enter the crypto space, XRP has become a popular choice due to its use case as a bridge currency for cross-border payments. With partnerships with major financial institutions such as MoneyGram, XRP has proven to be a reliable and efficient tool for global transactions. This has led to an increase in demand for the digital asset and has contributed to its recent breakout. Speculative Trading on the Rise Along with institutional interest, XRP has also seen a surge in speculative trading. As the crypto market continues to gai...

Ethereum Correction: The price of Ethereum, one of the top cryptocurrencies in the market, has been correcting its recent gains. After reaching a high of $2,720, ETH has now dropped below the $2,650 level. This correction has been expected by many crypto analysts and traders, as the market has been on a steady uptrend for the past few weeks. Support at $2,600: As ETH continues to correct, it is expected to find strong support near the $2,600 level. This is a key level for Ethereum, as it has acted as both support and resistance in the past. If ETH manages to hold above this level, it could resume its uptrend and potentially break through the $2,720 resistance once again. Market Sentiment: The correction in ETH's price has caused a shift in market sentiment for Ethereum. While many traders were bullish on ETH before, the correction has caused some uncertainty and caution among investors. However, long-term holders of Ethereum remain optimistic about the cryptocurrency's...

As the evening settles in, there’s no better time to unwind and catch up on the latest happenings in the crypto world. Today's Crypto Talkies has some eye-opening developments ranging from notable legal proceedings to bullish market trends. First on the docket, a New York judge has set a December trial date for Tornado Cash Co-Founder Roman Storm. Storm's motions to dismiss charges of money laundering were denied, which could have significant repercussions for crypto software developers. The case focuses on Tornado Cash (TORN), drawing attention to the legal responsibilities tied to developing crypto software. Meanwhile, the Shiba Inu (SHIB) has seen a rollercoaster ride, with prices soaring as investors accumulate and fear of missing out (FOMO) increases. Despite this surge, there are mixed signals due to cautious whale activity and uncertain fundamentals, suggesting the rally might have limitations ahead. In a significant crackdown, the US Department of Justice has announ...

Monthly Close: A Turning Point for Bitcoin? The recent monthly close for Bitcoin (BTC) has sparked a lot of speculation and excitement among crypto traders. After six consecutive months of a downtrend, the leading cryptocurrency finally closed the month of August with a bullish candle. This has led many to believe that we could be seeing a potential trend reversal for BTC. Traders are now closely watching the crypto markets to see if this upward momentum will continue. #Bitcoin #BTC #Crypto Breaking the Downtrend: What it Means for BTC Bitcoin's downtrend has been a cause for concern for many traders, with the price steadily decreasing over the past six months. However, the recent monthly close has given traders hope that this trend could finally be broken. If BTC continues to show upward movement, it could signal a potential shift in market sentiment and a bullish outlook for the cryptocurrency. #Bullish #CryptoMarket #BitcoinPrice Pushing for New Highs: Traders' In...

What is FBTC Spot Bitcoin ETF? FBTC Spot Bitcoin ETF, or Fidelity's Bitcoin ETF, is a new investment product offered by Fidelity Investments. This ETF allows investors to buy and hold bitcoin in their traditional brokerage accounts, making it easier for them to add this digital asset to their investment portfolio. With the growing popularity and adoption of cryptocurrencies, Fidelity saw the demand for a bitcoin ETF and decided to launch FBTC Spot Bitcoin ETF to meet the needs of their clients. How Does FBTC Spot Bitcoin ETF Work? FBTC Spot Bitcoin ETF tracks the performance of bitcoin by holding the physical asset in the ETF. This means that for every share of FBTC Spot Bitcoin ETF, there is a corresponding amount of bitcoin held in the ETF. The value of the ETF will fluctuate with the price of bitcoin, allowing investors to indirectly invest in this digital currency without needing to hold it directly. Step-by-Step Guide to Buying FBTC Spot Bitcoin ETF 1. Open a tra...

Investor Optimism: XRP, the cryptocurrency associated with Ripple, has been making waves in the market with its recent surge past resistance levels. The digital asset has been outperforming Bitcoin, the largest cryptocurrency by market cap, in terms of gains. This has sparked investor optimism and interest in the digital asset, with many seeing it as a potential rival to Bitcoin in terms of adoption and market dominance. SWIFT's Endorsement: One of the major driving forces behind XRP's recent surge is SWIFT's endorsement of Ripple's technology. SWIFT, the global messaging network used by banks for international money transfers, recently announced a partnership with Ripple to explore the use of blockchain technology for cross-border payments. This endorsement has boosted confidence in Ripple's technology and its associated cryptocurrency, XRP. Regulatory Challenges: Despite the positive developments and investor optimism surrounding XRP, the digital asset...

Introducing Hooks and Codii Evernode's proposed solution involves the use of Hooks, which are pieces of code that can be attached to transactions on XRPL. These Hooks would enable the execution of custom code on the XRPL network, expanding its functionality beyond simple payment transactions. Benefits for Developers and Users The implementation of Hooks and Codii on XRPL would bring several benefits to both developers and users. With Hooks, developers can create more complex and sophisticated applications on XRPL, opening up new possibilities for decentralized finance (DeFi) and other use cases. Furthermore, the use of Codii, a new token on the XRPL network, would allow for the payment of transaction fees in different currencies, reducing costs for users and providing more flexibility in payment options. This would also make XRPL more attractive to developers and users alike, potentially leading to increased adoption. Trending Hashtags and Crypto Tickers To keep up with...

Let's take a look at some of the trending hashtags and crypto tickers to keep an eye on as we approach the end of the month. #AltcoinSeason: As Bitcoin continues to hold steady above the $40,000 mark, altcoins have started to gain momentum. This has led to the rise of the hashtag #AltcoinSeason, which is used to describe the period when altcoins outperform Bitcoin in terms of price growth. Some of the altcoins that have shown significant gains during this season include Ethereum (ETH), Cardano (ADA), and Solana (SOL). $ETH: Ethereum has been making headlines lately with its highly anticipated London hard fork and the upcoming launch of Ethereum 2.0. As the second-largest cryptocurrency by market capitalization, ETH has been on an upward trend and is expected to continue its growth in the coming months. Investors and analysts are closely watching the price movements of $ETH as it has the potential to break its all-time high of $4,362. #DeFi: Decentralized finance (DeFi)...

Coinbase Predicts Q4 Surge for Crypto According to COIN CEO Brian Armstrong, the recent pullback in crypto prices is just a temporary setback. In fact, he believes that the market is gearing up for a major rally in the fourth quarter of 2021. Armstrong cites several factors that support this prediction, including the changing macroeconomic landscape and growing adoption by institutions and corporations. Bitcoin (BTC) Leads the Way BTC continues to be the top performer in the crypto market, with a current dominance of over 40%. This leading digital asset has seen a steady increase in price over the past few months, reaching an all-time high of over $64,000 in April. Despite the recent dip, many analysts believe that BTC is on track to surpass this record and potentially reach $100,000 by the end of the year. Ether (ETH) and Altcoins Follow Suit While BTC may be stealing the spotlight, other cryptocurrencies are also showing signs of growth. ETH , the second largest crypto...

The Transaction: The transaction in question was recorded on the XRP Ledger and showed an exchange of 100 million XRP for a single Bitcoin, with a value of over $1,000. This sparked speculation about the true value of XRP and whether this was a glitch or a real market movement. The Debate: As news of the transaction spread, debates erupted on social media platforms with hashtags such as #XRP, #crypto, and #Bitcoin trending. Some argued that this was a clear indication of the true value of XRP, while others claimed it could be a fake transaction or a market manipulation tactic. The Ripple Effect: The XRP Ledger is known for its fast and efficient transactions, and this incident raised questions about its security and stability. It also sparked discussions about the potential impact on other cryptocurrencies, especially Bitcoin, as XRP is often touted as a competitor to the popular digital currency. The Aftermath: After much speculation and discussion, it was revealed that the t...

Bullish sentiment continues to drive Bitcoin's price The rise in Bitcoin's price can be attributed to the growing bullish sentiment among investors. With the recent adoption of Bitcoin by major companies such as Tesla and PayPal, more and more investors are confident in the long-term potential of the cryptocurrency. This has led to increased demand and a spike in prices. Ethereum and altcoins follow suit As Bitcoin continues to reach new all-time highs, other cryptocurrencies such as Ethereum, Litecoin, and Dogecoin are also experiencing a surge in prices. This can be seen in the rise of altcoin market capitalization, which has surpassed $1 trillion for the first time. With Ethereum's upcoming upgrade and the growing popularity of altcoins, the crypto market is showing strong signs of growth. Investors diversifying their portfolios With the volatility and uncertainty in traditional markets, more and more investors are turning to cryptocurrencies as a way to diversify...

As the evening settles in, there’s no better time to unwind and catch up on the latest happenings in the crypto world. Today's Crypto Talkies has some eye-opening developments ranging from notable legal proceedings to bullish market trends. First on the docket, a New York judge has set a December trial date for Tornado Cash Co-Founder Roman Storm. Storm's motions to dismiss charges of money laundering were denied, which could have significant repercussions for crypto software developers. The case focuses on Tornado Cash (TORN), drawing attention to the legal responsibilities tied to developing crypto software. Meanwhile, the Shiba Inu (SHIB) has seen a rollercoaster ride, with prices soaring as investors accumulate and fear of missing out (FOMO) increases. Despite this surge, there are mixed signals due to cautious whale activity and uncertain fundamentals, suggesting the rally might have limitations ahead. In a significant crackdown, the US Department of Justice has announ...

ETHA: The Game-Changing Crypto Investment Opportunity Blackrock, one of the world's largest asset management firms, recently made waves in the crypto world by launching their Ethereum-based investment product, ETHA. This innovative investment opportunity has gained traction among both traditional and crypto investors, with its assets reaching over $1 billion in just two months. So, what exactly is ETHA and why is it creating such a buzz in the market? Let's dive into the details below. What is ETHA? ETHA is a new investment product offered by Blackrock that allows investors to gain exposure to the cryptocurrency market through the Ethereum blockchain. This means that instead of directly investing in cryptocurrencies like Bitcoin or Ethereum, investors can hold shares in ETHA, which represents a portfolio of different cryptocurrencies. This provides a more diversified and less volatile approach to investing in the crypto market. Why is ETHA a Game-...

With the recent increase in adoption and institutional investment, the cryptocurrency market is buzzing with excitement. Here are some key factors to keep an eye on for Bitcoin's potential growth. Adoption and Integration by Major Companies Bitcoin's value has been on the rise as more and more companies begin to accept it as a form of payment. Recently, Tesla announced their investment of $1.5 billion in Bitcoin and plans to accept it as a form of payment for their products. This move has sparked interest from other major companies to follow suit, potentially leading to a snowball effect of adoption. Institutional Investment In addition to companies, more and more institutions are also investing in Bitcoin. This includes hedge funds, banks, and even government agencies. As these institutions begin to see the potential of Bitcoin, they may allocate more of their funds towards it, driving up the demand and price for the cryptocurrency. Halving Events Bitcoin's suppl...

Introduction: BlackRock, one of the world's largest asset management companies, recently launched its iShares Ethereum ETF (ETHA) in the U.S. market. This ETF has seen tremendous success, surpassing $1 billion in assets in just two months. Let's take a closer look at what has contributed to its success and why it's becoming a popular choice among investors. What is an ETF? ETF stands for exchange-traded fund, which is a type of investment fund that holds a basket of assets such as stocks, bonds, or commodities. ETFs are traded on stock exchanges, making them easily accessible to investors. They offer diversification, liquidity, and lower fees compared to mutual funds, making them a popular choice among investors. Why Ethereum? Ethereum is a decentralized blockchain platform that supports smart contracts and decentralized applications. It is the second-largest cryptocurrency in terms of market capitalization and has been gaining traction among major institutions...

Bitcoin's Rise in September: A Closer Look at the Coinbase Premium With the ever-changing world of cryptocurrency, it can be hard to keep up with the latest trends and developments. However, one thing is certain – Bitcoin has been on a steady rise in September, thanks to the Coinbase Premium. Let's take a deeper dive into what this means for the future of BTC and the crypto market as a whole. The Coinbase Premium: What is it? The Coinbase Premium refers to the difference in price between Bitcoin on Coinbase (one of the largest cryptocurrency exchanges) and other exchanges. This premium has been steadily increasing throughout September, with BTC trading at a higher price on Coinbase compared to other exchanges. What does this mean for Bitcoin? The Coinbase Premium suggests that there is a high demand for Bitcoin on Coinbase, possibly due to institutional investors entering the market. This influx of new investors could potentially drive up the price of BTC even furth...

BTC Pullback Causes Brief Concern Despite its impressive performance in recent weeks, Bitcoin saw a brief pullback on Tuesday, causing some concern among investors. The world's leading cryptocurrency dropped to around $62,000 before quickly rebounding back to its current level of $65,500. This dip was likely caused by profit-taking from short-term traders, but long-term holders remain confident in Bitcoin's strong fundamentals and potential for further growth. Hashtags: #Bitcoin #BTC #crypto #HODL Binance Founder CZ Released from Detention In a surprising turn of events, Binance founder Changpeng Zhao (CZ) was released from California's Lompoc II detention center earlier than expected. The well-known crypto figure had been held for questioning by the US government for alleged money laundering activities, but was ultimately deemed not guilty and released. This news has been met with relief and celebration from the crypto community, as CZ's presence and leadership...

Bearish sentiment grips Ethereum (ETH) Amidst the ongoing crypto market turbulence, Ethereum (ETH) has taken a major hit, dropping from its all-time high of over $4,000 to around $2,500 in just a matter of weeks. This sharp decline has caused a wave of bearish sentiment among investors and traders, with many questioning the future of the second-largest cryptocurrency by market capitalization. Reduced network activity and active addresses One key indicator of the current bearish sentiment towards Ethereum (ETH) is the significant decline in active addresses on the network. According to on-chain data, the number of active addresses on Ethereum has dropped by 43% since its peak in May. This suggests that there has been a decrease in network usage and investor activity, further contributing to the negative market sentiment. Ethereum (ETH) struggles to break key resistance levels In addition to the decline in active addresses, Ethereum (ETH) has also been struggling to break through ...

Bitcoin's Bullish Momentum Continues As we near the end of September, Bitcoin's bullish momentum continues to push the price higher, breaking through the $66,000 mark. This surge comes as a surprise to many, as September has historically been a poor performing month for the cryptocurrency. However, with interest rate cuts and the growing popularity of the 'Coinbase Premium', Bitcoin shows no signs of slowing down. Ethereum and Altcoins Follow Suit Bitcoin's success is also reflected in other cryptocurrencies, with Ethereum and altcoins also seeing significant gains. The second-largest cryptocurrency, Ethereum, has reached a new all-time high, breaching $4,000 for the first time in over four months. Other altcoins such as Dogecoin, Litecoin, and Cardano have also experienced a surge in price, further solidifying the current bullish market sentiment. The Coinbase Premium: A Key Indicator of Market Sentiment The 'Coinbase Premium' is a term used to...

As the evening settles in, there’s no better time to unwind and catch up on the latest happenings in the crypto world. Today's Crypto Talkies has some eye-opening developments ranging from notable legal proceedings to bullish market trends. First on the docket, a New York judge has set a December trial date for Tornado Cash Co-Founder Roman Storm. Storm's motions to dismiss charges of money laundering were denied, which could have significant repercussions for crypto software developers. The case focuses on Tornado Cash (TORN), drawing attention to the legal responsibilities tied to developing crypto software. Meanwhile, the Shiba Inu (SHIB) has seen a rollercoaster ride, with prices soaring as investors accumulate and fear of missing out (FOMO) increases. Despite this surge, there are mixed signals due to cautious whale activity and uncertain fundamentals, suggesting the rally might have limitations ahead. In a significant crackdown, the US Department of Justice has announ...

What is Wrapped Bitcoin (cbBTC)? Wrapped Bitcoin (cbBTC) is a tokenized version of the original Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain. It is a way for Bitcoin holders to access the decentralized finance (DeFi) ecosystem and participate in activities like lending, borrowing, and trading without having to sell their BTC. With the growing popularity of DeFi, the demand for wrapped BTC has been increasing, and Coinbase's announcement of bringing cbBTC to Arbitrum will only add more fuel to the fire. Why is the addition of cbBTC to Arbitrum significant? Arbitrum is a layer-2 scaling solution that aims to tackle the high gas fees and slow transaction times on the Ethereum network. By adding cbBTC to Arbitrum, Coinbase is providing its users with a faster and more cost-effective way to access DeFi services. This move will also help increase the liquidity of cbBTC, making it more attractive for traders and investors. What does this mean for the crypto market...

Here's what you need to know about this development: What is a Bitcoin ETF? A Bitcoin ETF, or Exchange-Traded Fund, is a type of investment vehicle that allows investors to buy and sell shares of the fund that represent ownership of Bitcoin. Essentially, it is a way for investors to gain exposure to the cryptocurrency market without actually owning and managing the underlying assets themselves. This makes it more accessible and less risky for traditional investors to enter the world of cryptocurrency. How will this impact the crypto market? The approval of a Bitcoin ETF has been long awaited by the crypto community, and its potential impact on the market is significant. It could bring in a surge of new investors and capital, driving up the value of Bitcoin and other cryptocurrencies. Additionally, it could help legitimize the market and increase mainstream adoption of digital currencies. What are the potential risks? While the approval of a Bitcoin ETF is certainly exciting,...

Stablecoin Minting Drives Bitcoin Rally The report noted that stablecoin minting has been one of the key drivers of the recent Bitcoin rally. According to data from CryptoQuant, the amount of stablecoins on exchanges has reached a new all-time high of over $12 billion. This indicates that investors are ready to deploy capital into the cryptocurrency market, which could potentially drive prices even higher. Monetary Stimulus in China Adds Fuel to the Fire The 10x Research team also pointed out that the recent monetary stimulus measures taken by the Chinese government could have a positive impact on the cryptocurrency market. With the Chinese economy struggling and inflation concerns rising, investors may turn to alternative assets like Bitcoin and Ethereum as a hedge against inflation and economic uncertainty. Altcoin Activity on the Rise The report also highlighted the renewed activity in the altcoin market, with many smaller cryptocurrencies seeing significant gains in re...

In this blog post, we will discuss the latest updates and developments for ETH and what it could mean for investors and traders. Ethereum (ETH) Fundamentals The fundamentals of Ethereum (ETH) continue to remain strong. One of the biggest developments for the cryptocurrency is the upcoming Ethereum 2.0 upgrade, which is set to improve the network's scalability and transaction speed. This has caused a lot of excitement among investors and has led to a surge in demand for ETH. Another major factor driving the price of ETH is the increasing adoption of decentralized finance (DeFi) applications built on the Ethereum network. As more and more users flock to DeFi platforms, the demand for ETH as a means of transaction and collateral has also increased, further fueling its price. Technical Analysis of ETH Looking at the charts, ETH has been showing signs of bullish momentum. The cryptocurrency recently broke through key resistance levels and has been trading above its 50-day and 2...

Gensler on Bitcoin's Classification as a Security In a recent interview with CNBC, SEC Chair Gary Gensler reaffirmed his stance that Bitcoin is not a security. This statement comes after months of speculation and debate over whether Bitcoin should be classified as a security under current regulatory laws. Gensler's position provides some much-needed clarity for the crypto industry, which has been grappling with uncertainty and potential regulatory crackdowns. The Need for Regulatory Clarity Gensler also emphasized the need for regulatory clarity in the crypto space, stating that there are currently over 6,000 cryptocurrencies in existence and many of them could potentially be classified as securities. This creates a complex regulatory landscape that needs to be navigated carefully. Gensler's comments suggest that the SEC is actively working towards providing clearer guidelines for the crypto industry. The Impact on Crypto Markets Gensler's statements have had a ...

Ethereum's Potential for Growth As the second largest cryptocurrency by market cap, Ethereum has undoubtedly made a name for itself in the world of crypto. But according to its co-founder, Vitalik Buterin, the ecosystem may not be reaching its full potential just yet. With the rise of decentralized finance (DeFi) and non-fungible tokens (NFTs), Ethereum has seen a surge in transaction volume and network usage. However, Buterin warns that there may be limitations to this growth. The Ceiling of Ethereum In a recent interview, Buterin expressed his concerns about Ethereum's scalability. With the current state of the network, it may not be able to handle the increasing demand for transactions and smart contracts. This has led to high gas fees and slower transaction times, hindering the overall user experience. The Need for Solutions To address these issues, the Ethereum community has been working on solutions such as layer 2 scaling and the upcoming Ethereum 2.0 upgrade...

Possible Market Manipulation Some experts believe that these transfers could be a sign of market manipulation, as such large amounts of Bitcoin being moved around could potentially influence its price. The transactions have also been linked to a surge in Bitcoin's price, leading some to speculate that this could be a coordinated effort to drive up the value of the cryptocurrency. Impact on Other Cryptocurrencies While these transactions are focused on Bitcoin, the effects could be felt across the entire cryptocurrency market. As Bitcoin is the largest and most widely recognized digital currency, any significant changes in its value can have a ripple effect on other cryptocurrencies. This has caused some concern among investors, who are closely monitoring the situation and its potential impact on their investments. Increased Regulatory Scrutiny The large amount of money involved in these transactions has also caught the attention of regulatory bodies, who are now takin...

As the sun sets on another dynamic day in the crypto world, let's delve into the whirlwind of events that have both stirred excitement and caused ripples across the market. First up, the hacker responsible for India's largest cryptocurrency heist is nearing the finish line in laundering the $230 million stolen from WazirX (WRX). With this sophisticated operation close to completion, it remains uncertain how such events will impact future security protocols within the crypto exchanges. Meanwhile, WazirX received a four-month conditional moratorium granted by a Singapore court, providing them a temporary reprieve to navigate through the aftermath of the July hack. In another thrilling chapter for crypto enthusiasts, Bitcoin ETFs have seen a notable surge, with a whopping $246 million pouring into U.S. Bitcoin ETFs (BTC) and $62.5 million into Ether ETFs. This influx is evidence of strong institutional interest and suggests that Bitcoin’s resilience remains robust despite a ...

Exchange Reserves Rising Crypto analysts have been closely monitoring the exchange reserves of various cryptocurrencies, including XRP. Exchange reserves refer to the amount of a specific cryptocurrency held on exchanges, which can indicate the current level of selling pressure in the market. As of July 2021 , XRP's exchange reserves have been steadily increasing, reaching their highest levels since March 2021 . This suggests that there is a high demand for selling XRP, which could lead to further price decline in the near future. Selling Pressure and Price Decline The increasing exchange reserves for XRP can be attributed to a combination of factors. Firstly, the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has caused uncertainty and hesitation among investors, leading to more selling of XRP. Additionally, the recent market correction and overall bearish sentiment in the crypto market has also contributed to the rise in exchange ...

Technical Analysis Rekt Capital notes that Bitcoin has broken above a crucial resistance level at $11,500, which has now become support. This is a bullish sign, as breaking and holding above resistance levels often leads to further upward momentum. In addition, the analyst highlights the bullish crossover of the 50-day and 200-day moving averages, known as the "golden cross." This technical indicator is seen as a strong buy signal by many traders and could potentially signal a long-term bullish trend for Bitcoin. Fundamental Analysis In terms of fundamental analysis, Rekt Capital points to the recent trend of corporate companies and institutions investing in Bitcoin as a strong bullish indicator. The recent announcement by MicroStrategy to purchase $250 million worth of Bitcoin as part of its treasury strategy is just one example of this growing trend. In addition, the upcoming Bitcoin halving event in 2024 is also seen as a potential catalyst for a price increase, as...

Crypto Tickers: BTC, ETF Trending Hashtags: #Bitcoin #MtGox #BTCETF What is Happening with Bitcoin? Recently, Bitcoin's price has been on a downward trend, dropping below the $64K mark. This decline has been attributed to the news of Mt. Gox wallet activity, which has raised concerns about oversupply in the market. This has resulted in a decrease in demand for BTC, causing its price to drop. What is Mt. Gox and Why is it Important? Mt. Gox was once the largest Bitcoin exchange in the world, handling over 70% of all BTC transactions. However, in 2014, the exchange collapsed after losing over 850,000 BTC in a hacking attack. These stolen BTC were worth over $450 million at the time and have since been recovered and held in a bankruptcy trust. Why is Mt. Gox Wallet Activity Impacting the Market? Recently, there has been a surge in Mt. Gox wallet activity, with over 8,000 BTC being moved from the trustee's wallet. This has raised concerns about oversupply in th...

Below, we take a closer look at Lido Finance and its impressive TVL growth. What is Lido Finance? Lido Finance is a decentralized finance (DeFi) platform that allows users to stake their Ethereum (ETH) assets and earn staking rewards. It aims to make staking ETH accessible and easy for all users, regardless of their technical expertise or the amount of ETH they hold. Lido Finance is compatible with various DeFi protocols, such as Curve, Aave, and Yearn Finance, which allows users to earn additional yield on their staked ETH. How does staking work on Lido Finance? Staking on Lido Finance is a simple process. Users can deposit their ETH into the platform's smart contract, which then pools their funds with other users' ETH to stake on the Ethereum 2.0 beacon chain. In return, users receive stETH, a liquid staking representation of their staked ETH, which can be used for trading or earning additional yield through other DeFi protocols. Why has Lido Finance's TVL increased...

As the evening settles in, it's time to unwind with our Crypto Talkies, your go-to recap for everything that's happened in the crypto world today. Buckle up; it's been a whirlwind of events. First up, all eyes are on Ripple as the SEC's October 7 appeal deadline looms large. Speculation is running rife about how this could impact XRP's [XRP] value. Market sentiments are cautious yet hopeful, with traders closely watching for any moves that could signal a major price shift. Moving to the enforcement front, Binance has made headlines twice today. In an impressive show of cross-border cooperation, Binance teamed up with authorities in India and Indonesia, leading to the unmasking and arrest of several suspects involved in major crypto frauds. However, it wasn’t all good news for the exchange. Binance also had to dismiss rumors of a data breach affecting nearly 13 million users. The company staunchly maintains that the alleged leak is a baseless hoax. In the land of ...