Author: Crypto News Live
A focus on short-term profit taking has had a negative impact on Bitcoin. Bitcoin might still not be out of limbo, despite the resurgence of some bullish momentum. There has been a psychological barrier to the movement of Bitcoin [BTC] in recent weeks. 27 May’s Glassnode data offered some insights into the impact of long-term holder transfer volumes on prices. Read about Bitcoin’s [BTC] Price Prediction 2023-24 The Glassnode analysis revealed that transfer volumes by long-term holders in profit have been on the rise. In other words, there has been an increase in sell pressure by Bitcoin holders in profit for…
An analyst who skillfully rode this year’s crypto turnaround says he’s close to flipping bullish on Bitcoin (BTC) as the crypto king continues to consolidate around $27,000. In a new strategy session, pseudonymous trader DonAlt tells his 50,800 YouTube subscribers that the lack of follow-through from BTC bears after defending resistance at $30,000 suggests that Bitcoin is not yet done with its uptrend. According to DonAlt, Bitcoin often goes down hard and fast after hitting a key resistance level, and the fact that BTC continues to consolidate close to $30,000 could be seen as a bullish signal. “Like I said…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. LTC bulls attempted to break $93 resistance level. Buyers dominated long/short ratio with 52.27% margin. The short-term rally in the crypto market in the past 48 hours saw Litecoin [LTC] post gains of 7.9%. This spurred a firm rebound off the $85 support level with LTC trading at $90, as of press time. Realistic or not, here’s LTC’s market cap in BTC’s terms With Bitcoin [BTC] posting 3.1% gains within the same period and recapturing the $27k price zone,…
Blockchain Tenet, a layer 1 liquid staking blockchain built on the Cosmos network, teams up with Conflux and Qtum, two blockchains with a large presence in China, to deepen the roots of the liquid staking industry in that country’s markets. The partnership aims to integrate Tenet into the Asian blockchain community, which is “often siloed from Western crypto projects,” the announcement said. Conflux and Qtum users will stake at least $1 mln worth of their native tokens to secure each blockchain and receive liquid staking derivatives (LSD) issued by Web3 infrastructure firm Ankr. Conflux and Qtum stakers will then transfer…
NFT Nike’s .SWOOSH Web3 platform has released its first non-fungible token (NFT) sneaker collection, surpassing $1 million in sales despite persistent delays and technical issues that hindered the user experience. The sale of the highly-anticipated Nike virtual creations began on May 15, nearly a week after their previously-announced start date of May 8. The first round of sales, called “First Access,” was open exclusively for select users who were airdropped “posters” that served as their early entry ticket. In total, Nike says there were 106,453 posters distributed to its earliest .SWOOSH community members. The “General Access” sale began on May…
TL;DRThe US government, much like the Lannister family, is widely known to always pay its debts. But right now, the US has debts coming due that it can’t afford to pay off.One solution? Take out more debt, to pay the past debt. (The same way your chaotic best friend keeps taking out new credit cards to pay off their old ones).To bring in the cash needed to service this new debt, the government would most likely issue new bonds.These bonds will likely absorb money that might have previously been put into cryptocurrencies, like Bitcoin.But hey, a dip in crypto prices…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The move upward was accompanied by a large OI uptick. The longer-term sentiment remained bearish. Saturday’s US debt ceiling negotiations saw Democrats and Republicans reach a deal in principle. This was good news for the market as it averted the disaster of a US debt default. Read Bitcoin’s [BTC] Price Prediction 2023-24 This appeared to cheer up market participants. Likewise, Bitcoin’s [BTC] prices pumped from $26.6k to $27.2k. We say pump, but it was only a 2.7% move higher…
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. The first quarter of the new year brought a stop to the heartbreak investors repeatedly experienced in 2022. However, the balance of the crypto-market has been nothing close to the AI hype of the same period. What is the sole reason, though? ChatGPT! In fact, the natural language processing tool has accustomed itself to providing human-like conversations. As luck would have it, ChatGPT has proven to be worthwhile for traders and analysts too. Here, it’s worth noting that these…
Holders of Arensel Passes from Tearing Spaces still have a few days left to play to mint by accumulating points on their Pass. These Passes can be traded between players and will transform into Genesis Weapons on June 5th! Tearing Spaces is currently running a closed beta with some play to mint functionality. Anyone who owns a Celestial Arsenal Pass can take part in the beta. And, as they play, they earn points on their Pass for winning matches. These points are cumulative and tied to the Pass NFT. If a player trades their Pass, all of the accumulated points…
Financial services giant JPMorgan Chase filed a trademark application for IndexGPT, marking its entry into the race to build a generative AI tool for business purposes.The trademark application was filed with the United States Patent and Trademark Office (USPTO) on May 11 for the characters “IndexGPT,” which, according to JPMorgan, is to be used in commerce.The mark consists of standard characters without claim to any particular font style, size or color. Source: USPTOThe image above shows the text in standard characters accompanied by JPMorgan’s trademark application — “without claim to any particular font style, size, or color.”IndexGPT will be used…
