Author: Crypto News Live
An explosive upward trajectory, triggered by the Livermore trendline, could help Bitcoin reach $48,000. While there were signs of correction, an entry point could be BTC’s press time price. Bitcoin [BTC] has become the center of attention in the crypto market since its recent $31,000 hit, thanks to the approval of the first set of Bitcoin-leveraged ETFs. But beyond that, the hike has ensured that 76% of holders are in gains, according to IntoTheBlock. Is your portfolio green? Check the Bitcoin Profit Calculator This has mounted speculation about the possibility of a continuous surge during what some refer to as…
With the U.S. Securities and Exchange Commission (SEC) launching a full offensive against crypto this year, an ongoing lawsuit against one of the agency’s first industry targets – Ripple – remains as prevalent as ever. Given recent developments, many parties close to the case believe the court’s ruling may be imminent. How might the result of the Ripple v. SEC lawsuit affect the crypto market and regulatory landscape as a whole? Let’s dive in. Recap: Ripple v. SEC In December 2020, the SEC charged Ripple and its two top executives – CEO Brad Garlinghouse and former CEO Chris Larsen –…
The CEO of Bitwise, the world’s largest crypto index fund manager, says that a multi-year bull market is now kicking off, fueled by a long-awaited wave of institutional interest. In a new Bloomberg interview, Matt Hougan says that crypto prices have shown incredible resilience in the face of increasing regulatory scrutiny. Hougan says that BlackRock’s recent foray into Bitcoin (BTC) may be the cherry on top for new bull market conditions. “Prices have actually been rising since last November after the FTX debacle. So this has been climbing a wall of worry and now we have BlackRock, the world’s largest…
Bitcoin Ordinals NFTs dominated at press time, accounting for a majority of transaction activity on the Bitcoin network. Declining miner revenue and increased miner difficulty posed challenges and may impact BTC’s price. Since the inception of Bitcoin [BTC] Inscriptions and subsequent Ordinals NFTs, the sector has seen a lot of growth. Bitcoin Ordinals have bumped up to second place, outpacing most competition in terms of NFT volume. This increase in dominance raised questions about its impact on the broader Bitcoin sector. Is your portfolio green? Check out the Bitcoin Profit Calculator Source: Stocktwits NFT Bitcoin Ordinals dominate According to Dune…
During a week characterized by a plethora of enticing news, the cryptocurrency market experienced significant volatility, with Bitcoin’s price persistently oscillating around the $30K mark. The recent rally in Bitcoin has resulted in reestablishing its 50% market dominance. Consequently, investors have shifted their attention to other digital assets that may potentially participate in this rally. The altcoin market is projected to align with this bullish trend and experience a surge in the forthcoming days, capitalizing on the momentum generated by Bitcoin.Must-Have Altcoins Before Next Week’s RallyThe last week was a really good one for the crypto market as it surpassed…
TL;DRYuga Labs’ Bored Ape Yacht Club NFT series absolutely nailed the whole ‘exclusivity + limited run’ release formula.Now, unknown brands that launch new Web3 game titles have a tendency to want to follow in Yuga’s footsteps… Problem is: labeling something as ‘exclusive’ doesn’t hold much weight if you’re not an established brand – and these high-cost Web3 games can damage the space:Gamers get gouged on an underwhelming NFT-gated game → they assume most Web3 games are scams → they don’t come back.A solution: make games that are fun as hell to play (duh), come at a fixed price, let players…
ETH price hovered around $1,890, inching closer to the $1,900 price zone. ETH supply on exchanges continued to decline, reaching a record low. Ethereum [ETH] trended sideways for weeks and eventually slid. However, it has embarked on an upward trajectory, breathing new life into the market. Nevertheless, amidst this surge, the available supply of Ethereum on exchanges has been steadily dwindling, adding an intriguing twist to the unfolding narrative. Read Ethereum’s [ETH] Price Prediction 2023- 24 Ethereum maintains a bull trend Looking at the daily timeframe chart of Ethereum revealed an intriguing journey that began around 15 June when it…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. DOT’s bullish crossover on MACD highlighted growing bullish momentum. Market speculators leaned bullish, as $646.25k shorts wrecked in the past 24 hours. The extension of Polkadot’s [DOT] rally from the $4.24 support reached new heights with price touching the $5 mark. Building on the overall bullish market sentiment, DOT recorded 17.5% gains between 20 June and 23 June. Realistic or not, here’s DOT’s market cap in BTC terms With altcoins benefitting from Bitcoin [BTC] hitting $30k again, the bias…
Bitcoin and Nasdaq’s decoupling stopped as BTC’s value surged. BTC’s funding rate remained positive as it traded around $30,700. Intriguing data by Ecoinometrics revealed an emerging correlation between Bitcoin [BTC] and Nasdaq. This new pattern captivated observers, shedding light on BTC’s overall trajectory and sentiment among traders. Read Bitcoin’s [BTC] Price Prediction 2023-24 Bitcoin, Nasdaq correlation Bitcoin’s price correlation with traditional stocks has served as a valuable tool for investors in constructing their investment portfolios. Moreover, BTC has emerged as the benchmark against which traditional stocks are measured. A recent analysis conducted by Ecoinometrics highlighted a noteworthy phenomenon: the price…
Non-fungible tokens (NFTs) are the biggest advancement in blockchain in recent years. This is a blockchain-based form of recordkeeping that proves ownership and enhances the way that transactions are done. These tokens are among the most prevalent that companies offer right now, and investors also have their eye on the market and are reading the tea leaves. Here are some of the many ways that NFTs are advancing, and how they will soon permeate many areas of our lives as a whole. NFTs Are Changing the Entertainment SceneThe field of entertainment is larger than ever. Sports leagues are worth billions, sports betting…
