In Brief The crypto market cap rose to $2.38 trillion, nearing $2.40 trillion resistance; surpassing this could lead to a $2.50 trillion target. Bitcoin is less than 2% away from its all-time high at $73,773, but a fallback to $71,367 support may delay the bullish rally. SUI’s 17% rise brings it to $2.08; breaching its…
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In Brief Bhutan transferred $65.66 million in Bitcoin to Binance, likely signaling an intent to sell part of its holdings. Despite planned sales, Bhutan continues its state-run Bitcoin mining operations through Druk Holdings and Investments. Bhutan is the first government to select Binance for asset sales, while others like Germany chose Coinbase, Kraken, or others.…
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In Brief OKX partners with Standard Chartered for secure, third-party crypto custody for institutional investors. The partnership aims to set new security standards in crypto custody, leveraging both firms’ market reputations. OKX expands globally, with UAE operations, as it builds a robust institutional investor framework. promo According to a recent press release, crypto…
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In Brief XRP faces resistance at $0.55 and must hold the $0.52 support level to maintain a recovery path amid waning bullish sentiment. High long position liquidations and RSI below 50 reflect weakening bullish momentum, which may limit XRP’s upward potential. Breaking $0.55 and surpassing the 50% Fibonacci level is crucial for XRP to approach…
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Bitcoin reached $70,000 today for the first time in over four months. BTC’s daily trading volume has also jumped by nearly 135% on Monday, according to CoinMarketCap data. This is only the third time that the largest cryptocurrency has hit the $70,000 mark, as it reached a new all-time high earlier this year. Bitcoin ETFs…
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In Brief XRP dipped to $0.51, with LTHs showing panic, evidenced by increased asset movement amid falling prices. Network growth initially rose as XRP’s price declined but has since slowed, reflecting weakening interest from buyers. XRP aims to reclaim $0.52 as support, targeting $0.55 resistance; losing $0.47 support risks further downside. XRP price recently struggled…
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In Brief Polymarket’s Shayne Coplan has responded to allegations of bias in the platform’s US election prediction markets. Coplan explained that claims of favoritism often arise from market reactions rather than any manipulation. Coplan highlighted its peer-to-peer structure and transparency as key advantages over traditional prediction platforms. Polymarket CEO Shayne Coplan has addressed recent allegations…
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In Brief Worldcoin dropped 19%, reducing the profitable supply from 87% to 70%, impacting investor confidence and sentiment. GIOM data shows $5.58 billion in WLD turned unprofitable after an 18% drawdown, highlighting market sensitivity to price shifts. WLD needs to reclaim $2.11 support for recovery; failing this, it risks falling to $1.74, further eroding investor…
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In Brief About $80 million ETH has left exchanges within the last 24 hours, suggesting waning selling pressure. The number of Ethereum addresses holding at least $1 Million has increased, reinforcing the bias. ETH has broken out of a symmetrical triangle, suggesting that the cryptocurrency might rise by 23%. For the first time since September…
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Blockchains rely on consensus mechanisms to verify transactions, but why does it matter if a network is proof-of-work (PoW) or proof-of-stake (PoS)? In this guide, we’ll break down PoW vs. PoS in simple terms, explaining how each method ensures blockchain security while addressing the pros and cons and features of each. Here’s what to know in 2024. In this guide: What is…
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