Author: Crypto News Live

Bitcoin has finally calmed and remained relatively stagnant on a daily scale at around $26,500 after the massive volatility experienced during the business week. Most altcoins are in a similar state with insignificant daily gains or declines, aside from APT, which is up by 6% today. BTC Stalls at $26.5K Last weekend was quite uneventful for the primary cryptocurrency, aside from a brief pump and dump at around $26,000. As such, the asset entered the working week in a calm manner, which continued for a few more days. The US CPI numbers from Wednesday didn’t really change that, as BTC…

Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.”Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after.This sure looks like a scam crypto account. If so, it will be suspended.— Elon Musk (@elonmusk) June 18, 2023 The Explain This Bob account reportedly amassed over 400,000 followers before its suspension. The bot was created by Prabhu Biswal from India and used OpenAI’s GPT-4 model to comprehend and provide responses…

Bitcoin saw a resurgence of demand after retesting a key ascending support line. The short-to-mid term outlook was still bleak, but upcoming halving may favor long-term performance. Roughly a month ago, we explored the likelihood that Bitcoin [BTC] would fall below $25,000. This became reality during mid-July when the price briefly dipped below the aforementioned level. But what does this mean for its performance moving forward? Is your portfolio green? Check out the Bitcoin Profit Calculator The prediction was based on the fact that BTC’s lower range has been restricted above an ascending support line. Bitcoin’s latest retest of the…

Policy • June 16, 2023, 4:44PM EDT A self-described “on-chain sleuth” who goes by the pseudonym ZachXBT has been sued in a Texas court for defamation.  The plaintiff is Jeffrey Huang, also known by his alias “Machi Big Brother,” and the suit claims that ZachXBT made defamatory remarks in a 2022 post that alleges Huang embezzled 22,000 ETH from the crypto management firm Formosa Financial.  The lawsuit argues that the article lacked evidence and states that the “defendant’s claims about plaintiff’s supposed criminal conduct are categorically false.” It says that ZachXBT sought to personally profit from the article by attracting…

Nike has hinted that it will release a collection of sneaker NFTs in the popular online video game Fortnite. With its vast player base, Fortnite provides a significant opportunity for Nike to showcase the potential of Web3 technology and drive adoption among traditional gamers.By integrating NFTs into the gaming experience, Nike aims to tap into the growing interest in digital assets and highlight the possibilities of blockchain technology in a captivating and interactive manner.Nike’s Announcement and Sneaker HuntOn June 16, Nike generated excitement across its social media platforms with a teaser about the upcoming “ultimate Sneakerhunt” starting on June 20.…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The D1 chart was bearish at the time of writing.  Open interest rates improved; funding rates were negative.  The US SEC lawsuits against Binance and Coinbase have capped any likely upside on the crypto market. The regulatory pressure saw Bitcoin [BTC] retest its two-month lows at $24k, decoupling from S&P 500. Binance Coin [BNB], the native Binance ecosystem token, sustained more hits but eased at $220.  Read Binance Coin [BNB] Price Prediction 2023-24 According to a recent report, the…

The Indonesian government released a list of over 500 tradable coins. It included prominent tokens such as SOL, ADA, XRP, DOT, SAND, and UNI. Discussions arise regarding Indonesia’s adoption of cryptos as legal tender. The Indonesian government has unveiled an extensive list of tradable cryptocurrencies, signaling its growing acceptance of digital assets. Specifically, in a recent official document, the government recognized over 500 tokens that can be traded in physical markets. The list encompasses prominent cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Solana (SOL), Cardano (ADA), Ripple (XRP), Polkadot (DOT), Sandbox (SAND), Uniswap (UNI), and many others.  Prominent…

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Bitcoin’s market structure was bearish, but a move above $27.4k could change this. Traders must be cautious around the $28k mark due to the possibility of a liquidity hunt. Bitcoin’s [BTC] correlation with the S&P 500 turned negative over May. This meant that the index has an overall bullish outlook, but Bitcoin has trended in the opposite direction in recent weeks. The increasing hostility from regulatory bodies in the United States has played a part in BTC’s misfortunes on…

Key highlights:The total cryptocurrency market cap decreased from $ 1.09T to $ 1.08T in the past 24 hours, representing a -0.75% changeThe Bitcoin price at press time is $ 26,540 after falling by -0.54% in the last 24 hoursThe total crypto trading volume decreased by -0.75% in the past 24 hours, and is currently at $ 132.54BAll prices and changes are presented at the time of publication: June 18, 2023, at 06:00 UTCMarket OverviewThe total cryptocurrency market cap is currently $ 1.08T after a -0.75% decrease on the day. The total crypto trading volume declined by -0.75% in the same time frame.Bitcoin is trading at…

Crypto whales are suddenly on the move, relocating over half a billion dollars worth of Bitcoin (BTC) as the crypto king attempts to mount a recovery rally. Blockchain-monitoring service Whale Alert initially reported the large Bitcoin transactions to the tune of 20,470 BTC worth over $526 million. The largest Bitcoin transaction in the past day involves a deep-pocketed investor shifting 10,205 BTC worth $261.32 million from a wallet of unknown origin to another wallet of unknown origin. ? ? ? ? ? ? ? ? ? ? 10,205 #BTC (261,322,181 USD) transferred from unknown wallet to unknown new wallethttps://t.co/4q5sM5gcy6 —…