Cryptocurrency - news

Analysts observed that the number of Bitcoin active addresses is unaffected by the fluctuating sentiments around the most popular cryptocurrency, saying it remains remarkably stable. This, as the alpha coin breaches the $66,000 level at the time of writing. Active address count monitors the number of unique Bitcoin addresses that have been involved in a transaction during a given period. This metric is viewed as an essential indicator of the digital asset’s health and adoption. Related Reading: Dogecoin Revival: Active Addresses Skyrocket To Highest Level In 8 Months According to Santiment, the seven-day average of about 3.5 million active addresses indicates that the digital coin’s key yardstick remained strong, unmoved by the neutral sentiment recorded for the Bitcoin fear and greed barometer. This despite the price of Bitcoin undergoing all that volatility associated with crypto markets, the count of active addresses stood firm, showing that core users and participants continue [...]

On Oct. 15, 2024, Tesla initiated a transaction, transferring 1,800 BTC at precisely 5:03 p.m. EDT at block height 865,811. Following this initial move, the company shifted a grand total of 11,509 BTC, valued at more than $760 million, from its well-known wallets. At this time, it’s suspected that the funds have been relocated to […]

XRP price is moving higher above the $0.5400 zone. The price must settle above the $0.5550 resistance to set the pace for a larger increase. XRP price is attempting a fresh increase above the $0.540 zone. The price is now trading above $0.5410 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5395 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Revisits Resistance XRP price started a downside correction from the $0.5550 resistance zone. There was a move below the $0.5420 support. However, the bulls were active at $0.5320. A low was formed at $0.5317 and the price is now rising like Bitcoin and Ethereum. The price climbed above the $0.5380 and $0.540 resistance levels. There was a move above the 50% Fib retracement level of the downward move from the $0.5550 swing high to the $0.5317 low. The price is now trading [...]

Indian police, with support from crypto exchange Binance, have dismantled a fraudulent scheme run by M/s Goldcoat Solar, which posed as part of a national solar energy initiative. The criminals lured investors by impersonating officials and promising high returns. Multiple arrests were made, and cryptocurrency assets were seized as part of the operation to shut […]

Ethereum price started a fresh increase above the $2,550 resistance. ETH is gaining pace and might soon clear the $2,650 resistance. Ethereum started a fresh increase above the $2,520 and $2,550 resistance levels. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,535 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rally if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Eyes More Upsides Ethereum price extended its increase above the $2,550 resistance like Bitcoin. ETH cleared the $2,600 and $2,620 resistance levels. The price even spiked above $2,650 before there was a downside correction. There was a move below the $2,640 level. The price tested the $2,540 zone. A low was formed at $2,538 and the price is again rising. There was a move above the $2,580 resistance. The price climbed above the 50% Fib retracement level of the downward move from [...]

Bitcoin price started a fresh rally above the $65,500 resistance zone. BTC is now consolidating and might clear the $68,000 resistance to continue higher. Bitcoin is up over 7% and now shows a lot of positive signs. The price is trading above $66,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if there is a close above the $68,000 resistance zone. Bitcoin Price Surges Over 8% Bitcoin price remained supported and started a fresh increase above the $65,500 resistance. BTC cleared the $66,500 resistance to move into a positive zone. The price even rallied above the $67,000 and $67,500 resistance levels. Recently, there was a downside correction to $64,500. A low was formed at $64,686 and the price is again rising. There was a move above the $66,500 resistance. The price climbed above the 50% Fib retracement level of the [...]

Bitcoin surged over 5% yesterday, following a positive day across the crypto market. This sudden price boost has sparked optimism among investors and analysts, anticipating even bigger gains in the coming months. Market sentiment is improving alongside price action, fueling hopes for a sustained rally. Related Reading: Analyst Forecasts XRP Bullish Breakout – A 1,000% Opportunity? Key data from CryptoQuant suggests that Bitcoin demand is rising, supporting the idea that Bitcoin could continue to climb. This growing demand and the improving market sentiment create a favorable environment for bullish momentum. Continuing the recent price surge could set the stage for Bitcoin to reach new highs, while any hesitation might lead to further consolidation. Either way, market participants are eagerly awaiting the next major move. Bitcoin Open Interest Reaching New Highs After surging to test local highs, Bitcoin is at a critical turning point, setting the stage for a potential rally that has [...]

Ripple has announced that its new USD-denominated stablecoin, RLUSD, will be available globally through strategic partnerships with major platforms, including Uphold, Bitstamp, Bitso, Moonpay, Independent Reserve, Coinmena, and Bullish. Fully backed by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD is positioned to enhance financial solutions while ensuring transparency and stability. Ripple Introduces RLUSD […]

Banking giant Standard Chartered is predicting a sharp rise in bitcoin’s value, with forecasts suggesting it could approach its all-time high of $73,800 as the U.S. presidential election nears. Rising Treasury yields, growing interest in bitcoin ETFs, and Trump’s improving election odds are key factors driving this potential rally, supported by increasing institutional inflows and […]

Join Regina as she explores SOL Arena, a new battle royale on the Solana network that combines the simplicity of Snake with the intensity of Web3 competition. Last Week’s Quick Recap Nifty Island is a decentralized metaverse and social platform where players can build, explore, and engage in a virtual world. It emphasizes land ownership […]

The lessons from recent hurricanes shouldn't be ignored. It’s time to upgrade internet infrastructure and position people to achieve financial sophistication.

Hunter Horsley, co-founder and CEO of Bitwise, a $4 billion crypto fund manager, believes that banks will accelerate the participation of many investors in the cryptocurrency market. Horsley predicted that in 12 months, the stance of many crypto adopters will change, declaring that banks will be regarded as “the best thing that ever happened to […]

Elon Musk’s Tesla has moved bitcoin (BTC) for the first time in two years, according to onchain data discovered by Arkham Intelligence. The transaction was carried out in three separate batches, transferring a total of around 3,385 BTC—equivalent to approximately $225 million—to three unique and unidentified P2PKH (Pay to Public Key Hash) bitcoin addresses. The […]