Author: Crypto News Live
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Bitcoin (BTC) rose above $30,000 on June 21 for the first time in almost two months. The surge of the premiere cryptocurrency has led to almost $200 million in short liquidations in the past 24 hours. The largest cryptocurrency by market cap started its rally toward $30,000 on June 16, having gone below $25,000 briefly the day prior. Nearly $230M liquidated According to Coinglass, the crypto market saw $228.8 million liquidated in the past 24 hours, with more than 58,311 traders being liquidated. Bitcoin saw $110.5 million in liquidations in the past 24 hours, while Ethereum saw $42 million. Other assets…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. ALGO’s H4 structure was bearish, but a close above $0.126 could change this. Fluctuating funding rates could delay bulls, but a bullish BTC could favor them. Algorand [ALGO], like the rest of the crypto market, saw relief after Bitcoin [BTC] retested the $29k mark. Interestingly, the rally was fronted after an increased institutional BTC interest from BlackRock, Deutsche Bank, etc. Besides, the upswing happened amidst US equities’ pullback from last week’s rally, confirming the recent BTC’s negative correlation to…
In a crucial move to combat criminal activities both on the darknet and associated with cryptocurrencies, several U.S. federal enforcement agencies have joined forces to establish the Darknet Marketplace and Digital Currency Crimes Task Force. The announcement was made public on June 20, indicating an intensifying focus on crimes, including drug trafficking, money laundering, child exploitation, and theft of personal data. Who is involved in the task force? Homeland Security Investigations (HSI) Arizona, the U.S. Attorney’s Office, the Internal Revenue Service (IRS) Criminal Investigations, the Drug Enforcement Administration (DEA), and the U.S. Postal Inspection Service constitute the major pillars of…
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Binance NFT is pleased to announce that users will be able to use staked Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC)NFTs in the Ape NFT Staking Program as collateral on NFT Loan, effective from 2023-06-21 13:00 (UTC). This introduces more flexibility for Binance NFT users, who can now stake their existing BAYC and MAYC NFT collateral on NFT Loan via the Ape NFT Staking Program to earn ApeCoin (APE) daily rewards, or gain access to higher…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The H4 and 1-day market structures were at odds with one another. The evidence showed that buyers had an advantage in the lower timeframes. The number of new Ethereum addresses staking ETH had been rising, and the amount of ETH staked has increased since April. This trend began to shift after the first week of June, likely over regulatory concerns after the SEC filed a lawsuit against Coinbase. Is your portfolio green? Check the Ethereum Profit Calculator Despite the…
Binance confirmed that it was working to enable Bitcoin Lightning Network for deposits and withdrawals. The exchange’s token BNB pumped 3.89% in the 24-hour period. Binance [BNB], the world’s largest cryptocurrency exchange, took to Twitter to announce a significant enhancement that could influence how the trading platform handles enormous volumes of transactions in the future. Read Binance Coin [BNB] Price Prediction 2023-24 The crypto behemoth confirmed that it was working to enable Bitcoin [BTC] Lightning Network for deposits and withdrawals, in a response to users who noticed the new lightning nodes over the past few days. However, Binance added that full integration would…
The global financial landscape is presently undergoing a remarkable transformation, marked by the entry of prominent institutional investors into the realm of cryptocurrencies. In a recent and highly notable development, BlackRock (NYSE: BLK), the world’s largest asset manager, has taken a significant step forward by formally submitting an application for a Bitcoin exchange-traded fund (ETF). Moreover, the keen attention of astute market observers has been drawn to various notable developments, including Invesco’s application for a Bitcoin ETF, the strategic maneuvers executed by WisdomTree in its Bitcoin ETF filing, and Deutsche Bank’s recent filing for a crypto custody license. Moreover, it is…
In a recent video from the YouTube series “Altcoin Daily,” upgrades to Ethereum (ETH), Cardano (ADA), and Polygon (MATIC) were discussed, providing valuable insights for investors and crypto enthusiasts alike. The video begins by highlighting the growing confidence in Bitcoin and Ethereum, as evidenced by net outflows from exchanges. This trend indicates that more of these cryptocurrencies are being withdrawn from exchanges for long-term storage, reflecting a reduction in selling pressure and a growing confidence in their stability and long-term value. The video then shifts focus to the significant protocol upgrades being implemented by Ethereum, Cardano, and Polygon. Ethereum’s Validator Balance…
Economist and crypto trader Alex Krüger thinks the BlackRock Bitcoin (BTC) exchange-traded fund (ETF) filing represents one of BTC’s “easiest long entries of the year.” Last Thursday, BlackRock, the largest asset manager in the world, submitted a spot Bitcoin ETF application to the U.S. Securities and Exchange Commission (SEC). Krüger says it’s “incredible” how many traders ignored the ETF news and tells his 154,000 Twitter followers that he has a “gut feeling” the SEC will approve the investment firm’s application in 2024. No Bitcoin spot ETF applications have been approved thus far, despite submissions from Grayscale, VanEck, and Cathie Wood’s…
