Author: Crypto News Live

Despite BTC’s recent unimpressive price action, crypto analyst Doctor Profit has shared his bullish sentiment for Bitcoin and the broader crypto market. The analyst further suggested that a parabolic move was imminent and that crypto investors should position themselves accordingly.  Crypto Market Preparing For A “Third Industrial Revolution” Doctor Profit mentioned in an X (formerly Twitter) post that the crypto market “is preparing itself for the third Industrial Revolution,” thereby hinting at a trend reversal for Bitcoin and altcoins soon enough. “Be part of it, or regret for [a] lifetime,” the crypto analyst added as he warned crypto investors of…

Chainlink Labs’ director of capital markets said traditional finance is not the best use case for tokenization, real-world data is. Real-world asset (RWA) tokenization is one of the largest market opportunities in the blockchain industry, with a potential market size in the hundreds of trillions of dollars. 1/ The tokenized RWA opportunity is measured in trillions of dollars. By tokenizing an asset, blockchain-enabled superpowers are unlocked, from near-instant settlement to enhanced liquidity, fractional ownership, DeFi integration, & more. Breaking down the RWA megatrend 🧵👇 pic.twitter.com/e4WYSB8iAo — Chainlink (@chainlink) April 23, 2024 There are an increasing number of projects looking to…

Bitcoin formed a smaller range within the range. Bullish conviction has weakened considerably, and selling pressure could soon dominate. Bitcoin [BTC] continued to trade between $73k and $60.7k, forming a range. In an earlier analysis, AMBCrypto had reported that bulls need to defend the $64.5k support zone to push above the $66k resistance. This did not occur, instead, we saw a rejection at $67k and a move to $62.8k. This development came at a time when whale activity and ETF inflows were both slowing down. Therefore, an argument for continued short-term consolidation was valid. The larger-picture metrics that fueled BTC…

TL;DRFull StoryHere’s a hot take to start off ya Monday: It’s easier for a web2 company to move into web3 than a web3-native company to find similar success in its own industry.We’ve written about this before when we saw companies like Nike move into web3, or when Gucci started accepting ApeCoin.And today we’re here with another example (this time it’s disappointing news, but there could be light at the end of the tunnel).ICYMI: around a year ago, Yuga Labs (the team behind NFT projects like Bored Ape Yacht Club) hired the Harvard-educated, ex-CEO of Activision Blizzard, Daniel Alegre.Six months later,…

Following the halving event on April 19, the price of Bitcoin has displayed a puzzling performance. BTC initially gained nearly 10% to trade as high as $67,020 on April 24. However, in the last two days,  the digital asset’s price has declined by 6.49%, falling below the $63,000 price mark.  As expected, such negative performance has drawn attention from investors and market speculators. In particular, renowned analyst with X handle Rekt Capital has provided a theory on Bitcoin’s price fall and perhaps an insight into the future price movements of the crypto market leader. BTC Potential Price Decline Ahead? In…

Bearish sentiment around BTC was dominant in the market.  Selling pressure on the coin was high. Bitcoin’s [BTC] price action remained underwhelming, as it has failed to move above $64k in the last few days. In the meantime, a key BTC metric entered a zone of indecisive direction. Does this mean investors have to wait longer to see BTC rise again?  What’s going on with Bitcoin? CoinMarketCap’s data revealed that BTC was down by more than 2% in the last seven days. This pushed BTC’s price under $64k, as at press time it was trading at $63,843.66 with a market…

Google Cloud, the cloud computing service of tech giant Google, has recently announced the launch of a new portal catering to blockchain developers. The Web3 portal aims to provide resources and support for developers interested in creating non-fungible tokens (NFTs) and decentralized applications (DApps).What is the Web3 Portal?The Web3 portal is a platform created by Google Cloud to support developers in the blockchain space. It offers access to various products, datasets, and tutorials for creating NFTs and DApps. With the growing popularity of blockchain technology and its use cases beyond cryptocurrency, Google has recognized the need to provide developers with…

Glassnode, an on-chain market analytics provider, has announced an exclusive package of advanced on-chain metrics. According to the company, it is unveiling up to twenty-eight exclusive on-chain metrics that add to wallet distribution as well as holding age. The platform brought this development to the front through its official X account. Glassnode introduces a new suite of 28 cutting-edge On-Chain metrics, adding both holding age, and wallet distribution breakdowns to critical metrics, such as SOPR, MVRV, Realized Profit, and Realized Cap.Discover more in our latest insights article👇https://t.co/khfhqkHDu5 pic.twitter.com/bsBi1vIBBf — glassnode (@glassnode) April 25, 2024 Glassnode’s Unique On-Chain Metric Suite Promises…

The story has not been any much different for Bitcoin, with its price still stuck in a consolidation range in the past week. The sluggishness of the premier cryptocurrency – and the general market – has continued despite the completion of the halving event over a week ago. The halving event, which saw mining rewards take a significant cut, was expected to usher in another round of bullishness for the Bitcoin price. On the contrary, investors appear to be getting frustrated with the slow activity of the market, with many calling for the dump of BTC. Bitcoin Sell Calls At…

Shiba Inu has a bearish short-term market structure. The lack of demand at a key support zone was concerning. A recent AMBCrypto analysis of Shiba Inu [SHIB] noted that an 18% move higher was expected. Since then, the bullish momentum has slowed, but a support zone could hold off the sellers. Bitcoin [BTC] traded at $63.7k at press time and could sink toward liquidity at $59.4k again. This could hurt the meme coin prices in the short term. The support zone saw SHIB momentum falter Source: SHIB/USDT on TradingView The encouraging sign for Shiba Inu bulls in the past two…