In Brief Bitcoin price is validating a Wyckoff pattern, suggesting a rally is likely following the halving event. Relative realized profits show that despite a new ATH, selling has not been as significant as the 2021 cycle. Substantiating the conviction is the accumulation since February, continuing this month, with investors buying $728 million in BTC…
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In Brief Bitcoin’s upcoming halving event, scheduled every four years, reduces mining rewards and is expected to intensify market competition. Involvement from institutional investors and countries like El Salvador indicates a growing acceptance of Bitcoin as a mainstream asset. The halving could prompt regulatory and technological advancements, strengthening Bitcoin’s position as a unique asset class.…
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In Brief The Federal Reserve signals slower rate cuts to prioritize strict inflation control. The decision rekindles questions about Bitcoin’s effectiveness as an inflation hedge. Experts offer diverse perspectives on Bitcoin’s value proposition and future outlook. Federal Reserve Chair Jerome Powell has indicated that interest rate cuts may be further off than anticipated. He cites…
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During this insightful interview at the WOW Summit in Hong Kong with Bonnie Chan, VP and lead researcher at CoinEx, we delve into the company’s future plans, its strategies to leverage the current market conditions, and the unique attributes that set it apart from its rivals. We will explore the integration of Bitcoin into established…
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In Brief Avalanche price will potentially continue the ongoing decline as Death Cross takes place on a 12-hour chart. Price indicators are also suggesting that bearish cues are gaining strength. Investors do not seem to be very bullish either, given their sentiment is mostly pessimistic. Avalanche (AVAX) price is among the few altcoins showing signs of…
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In Brief Bitcoin (BTC) price dips, leading to significant trader liquidations. This decrease coincides with the upcoming Bitcoin halving event. Analysts suggest volatility may be a recurring pre-halving trend. Bitcoin (BTC) experienced a notable decline today, following a promising rally the day before. As of the time of writing, it’s trading at $63,118, marking a…
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In Brief Chainlink price is moving in a descending triangle at the moment, signaling a 30% correction. Participation is declining considerably, with active addresses now at a six-month low. Given the deviation of investors conducting transactions on the network against price, a sell signal is being flashed at the moment. Chainlink’s (LINK) price is currently…
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In Brief Former Amazon engineer Shakeeb Ahmed sentenced to 3 years for hacking DeFi protocols. Ahmed exploited smart contracts, causing an exchange to shut down after draining funds. He was ordered by court to forfeit $12.3 million and pay restitution exceeding $5 million. In a landmark legal action, former Amazon engineer Shakeeb Ahmed was sentenced…
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In Brief MATIC price in a falling wedge is vulnerable to a 35% correction. Network growth is at a six-month low, suggesting Polygon is losing traction. Whales are also dumping their holdings, having sold over $16 million worth of MATIC.Polygon (MATIC) price is facing potential correction owing to growing bearishness among investors. This sentiment has…
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In Brief PUPS, a Bitcoin meme coin, surges in price and recently set its new all-time high record of $47.44. PUPS NFTs sales skyrocketing, as NFT activity on the Bitcoin blockchain surpasses Ethereum and Solana. The excitement around the upcoming Bitcoin halving and the launch of Runes fuels the momentum. PUPS, a meme coin project…
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