Author: Crypto News Live

Glassnode data has revealed that Bitcoin long-term holders are taking advantage of the cryptocurrency’s lower price to significantly increase their holdings. This accumulation further strengthens the belief that this group of Bitcoin investors anticipate a potential upside for Bitcoin despite its recent volatility.  Long-Term Holders Pay $4.3 Billion For 70,000 BTC According to Glassnode, long-term Bitcoin holders who had previously sold 1 billion BTC in the latter part of 2023 are accumulating once again. This buying activity could be interpreted as a potential bullish signal for Bitcoin.  Related Reading Traditionally, Bitcoin long-term holders sell their holdings during peak prices and…

Deutsche Bank has shown increased interest in digital assets and tokenization by joining the Monetary Authority of Singapore’s Project Guardian. This initiative tests asset tokenization applications in a regulated environment, focusing on the viability and potential integration within the financial markets. Participation in Project Guardian will also involve Memento Blockchain and Interop Labs. The former, a specialist in decentralized finance and hyper-chain zero-knowledge, previously partnered with Deutsche Bank on the DAMA 1 proof-of-concept in 2023. This ongoing collaboration is set to yield DAMA 2, promising further advancements in blockchain technology. Interop Labs, known for developing the Axelar network—the Web3 interoperability…

Mercedes-Benz NXT and Mojito are set to launch of the highly anticipated Mercedes-Benz NXT Icons Collection: “The Era of Technology.” This partnership marks a significant milestone in the convergence of automotive heritage and digital innovation. —The Mercedes-Benz NXT Icons Collection represents a celebration of Mercedes-Benz’s rich design legacy. Through a contemporary reimagining of its most iconic designs, Mercedes-Benz NXT aims to bridge the gap between the past, present, and future of automotive excellence. Crafted by the esteemed Mercedes-Benz design team under the leadership of Chief Design Officer Gorden Wagener, this collection is divided into seven distinct eras, each highlighting selected…

The wine industry is no stranger to innovation and evolution. From the famed Château d’Esclans in Provence, known for its luxurious rosé wines, comes a new partnership with the blockchain-based marketplace BlockBar. Together, they are shaking up the traditional wine auction format by offering a unique opportunity to own a barrel of the highly coveted Garrus Rosé through NFTs.The Unique Auction Format and Its BenefitsChâteau d’Esclans will divide the single barrel of Garrus into four quarters, each available for bidding. Château d’Esclans is auctioning an entire barrel, with the top four bidders each receiving 150 litres, or 200 bottles of…

Bitcoin is predicted to stay within the $55K-$75K range. Mike Novogratz of Galaxy Digital suggested developments could significantly impact Bitcoin’s price. Bitcoin [BTC] has exhibited a notable steadiness, maintaining its position just above the $60,000 mark after reaching a high of over $73,000 in March. So far, the premier digital currency has seen a slight increase of 0.4%, trading at $62,167. This level of stability is not just a momentary phase, but a part of a broader trend that experts and analysts are closely monitoring. Amidst a backdrop of fluctuating market conditions, Mike Novogratz, the founder and CEO of Galaxy…

Crypto analyst Javon Marks has highlighted several metrics that have turned bullish for Ethereum (ETH). The analyst noted that one of these metrics suggests an all-time high (ATH) for the second-largest crypto token.  Bullish Metrics For Ethereum Marks remarked in an X (formerly Twitter) post that the bull flag-like price structure has formed on the Ethereum chart. He added that higher lows are forming in Ethereum’s price action, which is also a bullish signal as it suggests a strong resistance to downward trends. Meanwhile, the analyst claims lower lows in the Relative Strength Index (RSI) indicate a hidden bullish divergence…

CZ THE GOAT Overview CZ THE GOAT Price Change 24h -0.31% CZ THE GOAT Price Change 7d -14.87% CZ THE GOAT Market cap $187,135.94 CZ THE GOAT All time high $0.01 CZ THE GOAT All time low $0.00019 CZ THE GOAT Price Prediction 7d $0.000849 +227.8 CZ THE GOAT Fear-Greed Index 66 Greed CZ THE GOAT Volatility 2.01% CZ THE GOAT Green Days 24/30 (80%) Our real-time CZGOAT to USD price update shows the current Cz The Goat price as $0.00020 USD. Our most recent Cz The Goat price forecast indicates that its value will increase by 12.36% and reach…

Bitcoin’s Accumulation Trend Score was at 0.021. This showed that large entities were distributing their holdings or not accumulating more coins. Bitcoin’s [BTC] Accumulation Trend Score was trending towards zero at press time, signaling an increase in coin distribution by larger entities, according to Glassnode’s data. This metric measures the activity of different BTC wallet cohorts. It specifically tracks whether they are buying or selling the coin.  When its value is closer to one, it indicates that larger entities or a significant portion of the network are accumulating BTC. Conversely, a score closer to zero suggests that these entities are…

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains in recent days, the broader cryptocurrency market appears subdued. Recent data indicated an overall negative sentiment prevailing in the market, potentially paving the way for an uptrend in the near future. However, as of now, the market capitalization is on the decline, with major assets experiencing decreases in value over the past 24 hours. Negative sentiments dominate crypto market AMBCrypto’s analysis of the crypto market’s Weighted Sentiment, focusing on large-cap assets…

Ethereum trading card strategy game Apeiron has announced a huge $1 million prize pool for its very own world championship. Apeiron Guild Wars 2024 will see the top 12 guilds—the Ronin Network game’s version of a clan—battle it out to reach the in-person finals, which is slated to be hosted in Hong Kong in Q3 2024. On this stage, players will showcase their skills for a share of the sizable prize pool. A total of $1 million worth of prizes will be awarded to participants based on where they place within the tournament, with specific allocations yet to be finalized.…