Author: Crypto News Live
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The Fibonacci retracement levels can be used to take a decent short-trade opportunity. The higher timeframe structure also favored the sellers. Bitcoin took a quick tumble on the price charts once more and spurred the bears in the altcoin market to drive prices lower. Litecoin performed well early in 2023 but its bullishness faded in Q1. How much are 1, 10, or 100 LTC worth today? At the time of writing, the chart showed a firm bearish bias for…
Last month, Ledger launched its latest feature into a full-blown firestorm. The French hardware wallet provider envisioned its paid, optional Ledger Recover subscription service as a safety net for users to recover their digital assets in the case of a lost or forgotten seed phrase. However, the company quickly found itself embroiled in controversy with critics claiming the service, which encrypts and stores fragments of user seed phrases with three parties, undermined its wallets’ security and contradicted previous claims that private keys never leave the devices. The blowback prompted CEO Pascal Gauthier to postpone the launch, accelerate the company’s open-source…
Summary: BlackRock, Bank of America, and Fidelity have all massively increased their holdings of MicroStrategy stock, Bitcoin’s largest corporate holder.Buying MSTR seems to be a path to BTC exposure rather than directly buying crypto’s top coin.Canada’s sixth largest bank has also spent a considerable amount buying MicroStrategy stock in 2023.The appetite for MSTR shares comes at a time when the U.S. Securities and Exchange Commission is cracking down on crypto activity in America. Major banks and Financial Institutions in the U.S. seem to be increasing their exposure to Bitcoin by accumulating massive positions of MicroStrategy shares, the same company that…
In the aftermath of a prolonged bearish season, investing in crypto projects necessitates diligent observation and analysis of their short-term and long-term prospects. Recognizing the unique characteristic of long-term potential has led whales and industry experts to align themselves with Sparklo, hailed as the epitome of a blue-chip cryptocurrency that holds the promise of a bright future. Meanwhile, Cardano (ADA) risks delisting on Robinhood and BNB (BNB) plunges. Sparklo (SPRK) unveiling the future of premium metal investments in the crypto space Sparklo projects are built on solid use cases and function more likely to withstand the test of time. Distinguishing…
Cryptocurrency exchange Bybit will look to leverage artificial intelligence (AI) to provide a host of new trading tools and metrics for users through an integration with ChatGPT.Many industries have used OpenAI’s highly acclaimed large language model chatbot to provide innovative solutions and services. The cryptocurrency trading space could also benefit from the service as Bybit unveils its AI-powered offering to cryptocurrency traders using the Dubai-based exchange.Bybit’s ToolsGPT combines ChatGPT’s machine learning technology with the exchange’s market data to provide technical analysis, price data and metrics. The integration also allows ToolsGPT to generate bespoke answers to traders’ inquiries.The exchange touts the…
The global cryptocurrency market is buzzing with anticipation as Bitcoin dominance approaches the critical 50% resistance level. With this pivotal moment looming, market experts are predicting a potential bloodbath for Altcoins, while astute investors eagerly seek out opportunities to maximize their gains in the upcoming bull market. Understanding the technical indicators and recent market movements provides essential insights into the possible outcome of this monumental event. Read on for more details!Bitcoin Market Analysis Bitcoin, the largest and most renowned cryptocurrency, currently holds a market cap of $484 billion. Over the last 24 hours, Bitcoin’s value has experienced a slight decrease of 3.75%,…
The daily transaction count witnessed a 35% decline from the previous month. Of the total inflows to the exchanges, the share of whales was just 32% as of 14 June. The hostile U.S. regulatory environment continued to test the resilience of the crypto market. The fallout from the back-to-back legal charges against juggernauts, Binance and Coinbase, lingered for the second straight week as on-chain activity on the Bitcoin [BTC] network failed to pick up. Are your BTC holdings flashing green? Check the Profit Calculator Data from blockchain analytics firm Glassnode highlighted that the total transfer volume i.e. the total number of coins transferred…
TL;DRImagine if paid Twitter subscriptions not only unlocked access to exclusive content, but merch, event tickets, and playlists as well.That’s kind of what Snoop Dogg’s latest ‘Passport’ NFT does, but instead of being built around a social account, it’s built around his latest tour.NFTs are platform agnostic, tradable, and easy to create. Which means all Snoop doesn’t have to worry about building any new tech.All he has to do is attach enough value to each NFT, in order for the project to be a success. Pretty neat!Full StoryYou know the new paid subscription feature on Twitter?Imagine if that not only…
A leading crypto analytics platform reveals that more than half of Bitcoin (BTC) owners are in profit while an overwhelming majority of those who invested in Cardano (ADA) and Avalanche (AVAX) are nursing losses. New data from IntoTheBlock shows that 62% of Bitcoin holders are seeing gains in their investments while 38% are sitting on losses. At time of writing, Bitcoin is trading for $25,100. Looking at the smart contract protocol Cardano, the analytics firm reveals that 91.52% of ADA holders are currently underwater with 7% at breakeven. Most Avalanche holders are also seeing negative returns. An overwhelming 95.56% are…
Solana shifts its focus from DeFi to consumer applications. Differentiation and user retention are crucial for Solana’s growth. Solana’s journey presents a striking contrast in an era where decentralization dominates. Besides its initial success in Decentralized Finance (DeFi), Solana’s total value locked (TVL) saw a depreciation since the dawn of 2022. While @Solana’s TVL has depreciated since the beginning of 2022, it’s important to note that TVL is primarily a measure for #DeFi protocols.Solana’s focus on consumer applications has led to a shift in user activity away from DeFi and toward consumer protocols. pic.twitter.com/eyzK44b2G5— Messari (@MessariCrypto) June 14, 2023 Consequently,…
