#global cryptocurrency market cap charts

[cryptoupdate24houre]

Algory ALG | Crypto Market Cap | Live Price Chart | Price...1

Track current Algory ALG prices in real-time with historical Algory ALG charts, liquidity, and volume. Get top exchanges, markets, and more.

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[criptox]

"Bitcoin Bull Run Begins: Experts Point Out Huge Potential"

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The Massive Potential of Bitcoin: A Bull Run on the Horizon

Bitcoin, the cryptocurrency that started it all, is on the verge of a significant resurgence. With its market fluctuating endlessly, many analysts are suggesting that we might be on the brink of a massive bull run. If you’re a crypto enthusiast or someone simply intrigued by financial trends, this is a moment to pay attention to.

Current Market Trends

The cryptocurrency market has seen exhilarating highs and unbearable lows over the past few years. However, recent trends indicate that Bitcoin is building momentum. Investors are more optimistic, and this optimism is contagious. It seems like every time Bitcoin approaches a critical support level, it bounces back with more vigor, hinting at a potentially explosive rise.

Factors Driving the Potential Bull Run

There are several key factors contributing to Bitcoin’s potential upward trajectory:

Institutional Investment: Big players like Tesla and Square have already integrated Bitcoin into their investment strategies. This influx of institutional money is raising confidence and setting a precedent for broader acceptance.

Limited Supply: Bitcoin's capped supply of 21 million coins ensures that it remains scarce. As demand increases, classical economics suggests that prices should rise.

Growing Adoption: More merchants and businesses are now accepting Bitcoin as a form of payment. The more it’s used, the more intrinsic value it gains.

Global Economic Uncertainty: With inflation fears and economic downturns looming, investors are looking for alternative assets. Bitcoin is often viewed as a digital gold, offering a hedge against inflation.

Technical Analysis and Predictions

Technical analysts have been keeping a keen eye on Bitcoin’s price movements. Recent charts show a pattern that many interpret as a bullish flag, which typically signals an upcoming breakout. Additionally, key resistance levels are being tested, and if broken, Bitcoin could skyrocket to new all-time highs.

Some experts are predicting that as Bitcoin continues to rally, it could potentially reach prices close to $100,000. While that may sound overly optimistic, history has shown that the cryptocurrency market is infamous for its volatility and rapid price movements.

What This Means for Investors

For current investors, it’s a time to stay informed and possibly allocate more funds into Bitcoin. New investors should consider entering the market cautiously; it’s wise to do thorough research before diving in. Remember, the cryptocurrency landscape is both exhilarating and unpredictable.

Final Thoughts

With so many factors aligning for a potential bull run, Bitcoin is firmly on the radar of both seasoned investors and newcomers alike. The next few months could be crucial, and it’s essential to keep an eye on market trends. Whether you’re a long-term hodler or a curious observer, the world of Bitcoin might just be about to get very interesting.

In the dynamic realm of cryptocurrency, one thing is certain: staying informed and adaptable will be key to navigating whatever comes next. Don’t miss out on the action!

``` "Bitcoin Bull Run Begins: Experts Point Out Huge Potential"

[blockinsider]

Bitcoin Value Surges Over $60k Anticipating Today’s Predicted Fed Rate Reduction

Key Points

Bitcoin (BTC) price surged over 3% in the past 24 hours, reaching a high of roughly $61,242.

The total crypto market cap increased around 1% in the same period, totaling about $2.17 trillion.

Bitcoin’s price showed a significant increase of over 3% in the last 24 hours, hitting a high of approximately $61,242, before settling around $60.4k during the mid-London trading session. On the daily chart, the leading cryptocurrency closed above the 50 Moving Average (MA), indicating a return of bullish momentum.

This surge resulted in the total crypto market cap rising by about 1% in the past 24 hours to hover around $2.17 trillion. The sudden rise in crypto, amidst increased volatility, led to forced liquidations exceeding $135 million in the past 24 hours, primarily affecting short traders.

Factors Driving Bitcoin’s Price Increase

The recent rally of Bitcoin’s price above $61K has been building for the past two months. From a technical perspective, despite the death cross between the 50 and 200-day Moving Averages (MAs), Bitcoin’s price has been forming a reversal pattern in the daily and weekly time frames.

Additionally, the leading cryptocurrency has established a strong support zone above $54K, resulting in a triple bottom coupled with a rising divergence on the daily Relative Strength Index (RSI).

From a fundamental perspective, Bitcoin’s price has been outperforming the altcoin market, as evidenced by its increasing dominance, which hit a multi-year high of about 58.46% earlier. The demand for Bitcoin among large investors has remained relatively higher compared to the altcoin industry, led by Ethereum. According to data analysis provided by CryptoQuant, Bitcoin custody wallets have seen six days of accumulation, further strengthening the overall bullish outlook.

Meanwhile, United States spot Bitcoin ETFs registered a net cash inflow of about $186 million on Tuesday. Notably, none of the issuers of the US spot Bitcoin ETFs recorded a net cash outflow on Tuesday, even Grayscale’s GBTC. While BlackRock’s IBIT did not register a net cash inflow on Tuesday, Fidelity’s FBTC, Bitwise BITB, and ARK 21Shares Bitcoin ETF (ARKB) all reported more than $42 million in cash inflows on Tuesday.

The Bigger Context

The cryptocurrency industry has gradually gained bullish momentum as Gold rallied to its all-time high in the past few days. The ongoing global economic shift is expected to be escalated by today’s Federal Funds Rate and the FOMC statement.

There is a high likelihood of the Federal Reserve initiating the first interest-rate cut later today for the first time in four years. If the Fed initiates a rate cut today, it will provide investors with what is perceived as ‘easy money’, and in turn, help increase the overall crypto liquidity in the near term.

[coineagle]

Anticipate Dogecoin’s Price Shift as Bitcoin Gains Momentum

Key Points

The global crypto market cap has experienced fluctuations, with Bitcoin’s volatility influencing the market.

Analyst CrediBull predicts a broader market rally following Bitcoin’s breakout from its consolidation phase.

The worldwide crypto market cap has been fluctuating in recent weeks, witnessing both gains and losses. After peaking at $2.7 billion in March, the market has struggled to sustain its momentum, with sporadic increases unable to counteract the general downtrend.

Currently, the global crypto market cap has decreased by 1.4% to $2.122 trillion. This volatility is primarily driven by Bitcoin, the leading cryptocurrency.

Bitcoin’s Role in Market Volatility

Bitcoin has displayed a combination of bullish and bearish trends. Despite briefly exceeding $58,000, Bitcoin once again fell below this level. At one point, it even traded as low as $57,292 following a 0.5% decrease.

Despite these uncertainties, analysts continue to provide insights into the crypto market’s future, with many predicting significant movements.

Crypto analyst CrediBull has given a particularly interesting perspective. He believes that Bitcoin’s breakout from its current consolidation phase will initiate a broader market rally.

Analyst’s Perspective on the Upcoming Crypto Bull Run

CrediBull’s views emphasize Bitcoin’s crucial role in shaping the entire crypto market. He suggests that Bitcoin’s impending breakout from its five-month consolidation phase will likely boost the entire crypto market.

However, CrediBull warns that not all altcoins will profit equally. Some may experience temporary “dead cat bounces,” before confronting a further downward phase known as a crypto market “markdown.”

Investors are advised to exercise caution, as these temporary rebounds could be the last chance to exit certain altcoins before deeper declines.

Taking Dogecoin (DOGE) as an example, the memecoin has reflected the Bitcoin market’s volatility. Despite these fluctuations, DOGE’s resilience indicates that some altcoins may still have growth potential amidst uncertainty.

DOGE Fundamentals Indicate Potential Market Stability

Assessing DOGE’s fundamentals provides additional insights into its market potential. For instance, DOGE’s Relative Strength Index (RSI) had a reading of 52, indicating neutral market conditions.

An RSI reading between 30 and 70 suggests that the asset is neither overbought nor oversold, indicating potential price stability in the near term.

Furthermore, data from Coinglass suggested that DOGE’s Open Interest has increased by 1.46%, reaching a valuation of $476.12 million. This uptick, despite the decrease in volume, may suggest that investors are cautiously positioning themselves in the market, possibly in anticipation of future price movements on DOGE’s charts.

[ecosmining]

Ethereum vs Ethereum Classic: a comprehensive comparison

What Distinguishes Ethereum from Ethereum Classic?

Overview of Ethereum and Ethereum Classic

Ethereum uses proof of stake, supporting numerous decentralized applications, while Ethereum Classic uses proof of work, emphasizing immutability. Both networks originated from a common blockchain. The DAO incident led to a split, with Ethereum focusing on innovation and Ethereum Classic emphasizing stability. These points illustrate the different trajectories and attributes of Ethereum and Ethereum Classic, reflecting their status and technological focus as of July 2024.

History

Timeline of Events, Recent Data and Details (July 2024)

These events and data illustrate the major developments and changes in both Ethereum and Ethereum Classic, highlighting their evolution and status as of July 2024.

Technical Distinctions

Consensus Protocols

Ethereum has been using proof of stake (PoS) since the Ethereum 2.0 upgrade. Ethereum Classic continues to use proof of work (PoW), similar to Bitcoin.

Network Enhancements

Ethereum’s transition to PoS and Ethereum 2.0 increased efficiency and scalability. The London hard fork introduced EIP-1559, which restructured transaction fees. Ethereum Classic’s major upgrade, Thanos, reduced DAG size and improved security.

Philosophical Differences

Ethereum’s Vision

Ethereum wants to be a global computer. Vitalik Buterin envisions a decentralized platform for smart contracts and decentralized applications. Innovation and scalability are key goals. Vitalik Buterin emphases Ethereum’s role in creating a decentralized future and believes in its potential to revolutionize industries. Smart contracts can automate processes and reduce intermediaries.

Ethereum Classic’s Principles

Ethereum Classic prioritizes immutability and decentralization. It adheres to the concept of “code is law” and resists changes that alter transaction history. The Ethereum Classic community views the blockchain as an immutable ledger and argues that altering the blockchain’s history, as is done with Ethereum’s hard fork, undermines decentralization and trustworthiness.

Applications and Uses

Smart Contracts and Decentralized Apps

Ethereum has a larger ecosystem with popular apps such as Uniswap, Aave and OpenSea. Ethereum Classic also supports apps, but has a smaller user base.

DeFi and NFTs

Ethereum’s DeFi ecosystem has a total value locked (TVL) of over $559 billion, including various financial services. Ethereum’s NFT market is also thriving, with platforms such as OpenSea facilitating the trade of digital art and collectibles.

Market Performance and Adoption

Ethereum is the second-largest cryptocurrency by market capitalization. It enjoys wide adoption and a strong developer community. As of July 2024, Ethereum’s market cap is around $420 billion, making it a leading force in the crypto space. In contrast, Ethereum Classic, while smaller with a much lower market cap, has a loyal following and maintains a market presence.

In Q1 2024, Ethereum’s earnings tripled, reaching $370 million, and its revenue from transaction fees hit $12 billion, a 155% increase from the previous year. The total value locked in Ethereum’s DeFi ecosystem rose by 86% to $559 billion. Ethereum ETFs started trading on major US exchanges in July 2024, potentially driving further adoption and price increases.

Here is a bar chart illustrating Ethereum’s performance in Q1 2024:

Earnings: $370 million

Transaction Fees Revenue: $12 billion

Total Value Locked in DeFi: $559 billion

Security and Network Stability

Ethereum has improved security with its transition to proof of stake. However, Ethereum Classic has faced several 51% attacks, notably affecting its network stability and security. Despite these challenges, Ethereum Classic continues to enhance its security measures. The introduction of the Thanos upgrade aimed to strengthen its resilience against such attacks.

In July 2024, Ethereum’s network stability remains strong with a significant reduction in energy consumption due to the PoS consensus mechanism. This transition has also boosted the network’s security, as PoS is less vulnerable to 51% attacks compared to PoW. Ethereum Classic, despite past security breaches, has implemented measures to bolster its network. The community remains dedicated to maintaining the original blockchain’s integrity and security.

Future Outlook

Ethereum’s Future

Ethereum continues to innovate, with future upgrades focusing on scalability and performance. The transition to Ethereum 2.0 aims to improve scalability, security and energy efficiency. This upgrade includes the move to proof of stake (PoS), which significantly reduces energy consumption compared to proof of work (PoW).

Key Future Developments for Ethereum

Scalability Improvements: Ethereum 2.0 introduces sharding, splitting the network into smaller segments to process many transactions simultaneously. This should significantly increase the transaction throughput.

Enhanced Security: PoS makes it harder for malicious actors to control the network. Validators who wish to participate must stake ETH, providing an economic disincentive against attacks.

Energy Efficiency: PoS reduces energy consumption by about 99.95% compared to PoW, making Ethereum more environmentally friendly.

Community and Developer Support: Ethereum’s robust developer community continues to build innovative decentralized apps, DeFi protocols, and NFT platforms, maintaining its leading position in the blockchain ecosystem.

Institutional Adoption: Ethereum ETFs started trading on major US exchanges in July 2024, potentially boosting market adoption and visibility. This can attract institutional investors looking for regulated crypto investment options.

Predictions for Ethereum

2024: Ethereum’s price is expected to range between $2,334 and $2,447.

2025: Predictions suggest Ethereum could reach up to $3,179.

2030: Long-term forecasts estimate Ethereum’s price could be as high as $9,689.

These predictions are based on current market trends, technological advancements and increasing adoption rates. Growing interest from institutional investors and wider adoption of blockchain technology across different industries also contribute to these optimistic forecasts.

Ethereum Classic’s Future

Ethereum Classic, on the other hand, aims to maintain stability and security while exploring selective upgrades. Its community values the principles of immutability and decentralization, ensuring the network remains true to its original vision.

Key Future Developments for Ethereum Classic

Network Stability: Ethereum Classic focuses on maintaining a stable and secure network. The community prioritizes robustness over frequent updates, ensuring long-term reliability.

Selective Upgrades: While not as aggressive in upgrades as Ethereum, Ethereum Classic implements necessary improvements to maintain compatibility and enhance security. The Thanos upgrade, for example, was crucial for reducing DAG size and improving mining efficiency.

Community Support: Ethereum Classic’s dedicated community values the principles of immutability and decentralization. This core philosophy attracts users who prioritize an unaltered blockchain history.

Security Enhancements: Ongoing efforts to bolster security and prevent 51% attacks are critical. Implementing measures like the Mess (Modified Exponential Subjective Scoring) protocol can enhance network resilience.

Market Position: While Ethereum Classic’s market cap and trading volume are lower compared to Ethereum, it remains a significant player due to its steadfast adherence to original blockchain principles.

Predictions for Ethereum Classic

2024: Detailed predictions for Ethereum Classic are less common, but its price is influenced by its community’s commitment to the original blockchain principles and broader market adoption.

2025: If market conditions remain favorable, Ethereum Classic could see steady growth.

2030: Long-term success depends on continuous community support and effective security enhancements.

Conclusion

The choice between Ethereum and Ethereum Classic depends on your priorities. Each has different features, philosophies and technical implementations that appeal to different types of users and investors. Here are some key factors to consider:

Ethereum

Innovation and Scalability: Ethereum is continually evolving. The transition to Ethereum 2.0, including proof of stake (PoS), enhances scalability and significantly cuts energy usage, making Ethereum more sustainable.

Robust Ecosystem: Ethereum supports a vast network of decentralized applications, DeFi platforms, and NFTs with over 3,000 active apps. It offers a wide range of functionalities, from trading to gaming.

Institutional Adoption: The launch of Ethereum ETFs on major US exchanges has boosted institutional adoption, increasing Ethereum’s visibility and accessibility.

Developer Support: Ethereum benefits from a strong developer community that continuously works on new innovations and improvements, driving the creation of new applications.

Ethereum Classic

Immutability and Decentralization: Ethereum Classic maintains the “code is law” principle, ensuring the blockchain remains unchanged. This philosophy appeals to those who prioritize the original vision of a tamper-proof ledger.

Traditional Mining: Unlike Ethereum, which has shifted to PoS, Ethereum Classic continues to use proof of work (PoW). This method is preferred by those who value traditional mining and its associated security model.

Stability and Security: Despite facing security challenges, Ethereum Classic remains committed to enhancing network security through upgrades like Thanos, which aim to improve stability and mining efficiency.

Purists: If you value the original blockchain principles and prefer a network that does not alter transaction history, Ethereum Classic is a suitable choice.

In summary, Ethereum is ideal for those looking for a dynamic, scalable platform with extensive support for decentralized applications, DeFi and NFTs. It is well suited for developers and users who want to engage with the most innovative aspects of blockchain technology. Conversely, Ethereum Classic is perfect for those who value immutability and traditional mining, offering a stable and unchanging blockchain history. By understanding these key differences and future prospects, you can make an informed decision that aligns with your priorities and goals in the cryptocurrency space.

[glossary2]

Understanding Bitcoin Charts and What Influences Bitcoin Prices

Bitcoin, the first and most well-known cryptocurrency, has garnered significant attention from investors, traders, and the general public. Understanding how to read Bitcoin charts and what factors influence its price is crucial for anyone interested in the cryptocurrency market. This article will guide you through the basics of reading Bitcoin charts and explore the factors that impact Bitcoin's price.

How to Read Bitcoin Charts

Bitcoin charts typically use Japanese candlesticks to represent the price movements over a specified time frame. Each candlestick provides a visual summary of Bitcoin's price action, including the opening price, closing price, and the high and low prices within the chosen period. Here's a breakdown of what you need to know:

Candlesticks:

Open Price: The price at which Bitcoin starts trading at the beginning of the time frame.

Close Price: The price at which Bitcoin ends trading at the end of the time frame.

High Price: The highest price reached during the time frame.

Low Price: The lowest price reached during the time frame.

Body: The colored part of the candlestick that shows the difference between the open and close prices. If the close price is higher than the open price, the body is typically green or white. If the close price is lower than the open price, the body is red or black.

Wicks (Shadows): The thin lines extending from the body, indicating the high and low prices.

Technical Analysis Indicators:

Support and Resistance Levels: These horizontal lines indicate price levels where Bitcoin has historically had trouble falling below (support) or rising above (resistance). They help traders identify potential buying or selling points.

Trend Lines: These are diagonal lines that help identify the direction of the market. An upward trend line indicates a bullish market, while a downward trend line indicates a bearish market.

Relative Strength Index (RSI): A momentum oscillator that measures the speed and change of price movements. An RSI above 70 indicates overbought conditions, while an RSI below 30 indicates oversold conditions.

Fibonacci Retracement Levels: Horizontal lines that indicate potential support and resistance levels based on Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 100%).

What Affects the Price of Bitcoin?

Like any other traded asset, Bitcoin's price is primarily influenced by supply and demand dynamics. However, several specific factors and events can significantly impact Bitcoin's value:

Supply and Demand:

Supply: The total number of Bitcoins that can ever exist is capped at 21 million. As more people acquire and hold Bitcoin, the available supply decreases, potentially driving up the price.

Demand: Interest from investors, traders, and the general public increases demand. Higher demand typically leads to higher prices.

Global Events:

Certain global events can affect Bitcoin's price. For example, during India's banknote demonetization in 2016, Bitcoin's price in India surged, trading 20% higher than the global average. Similarly, the announcement of Facebook's Libra project in 2019 sparked a Bitcoin bull run, which lost momentum as regulatory challenges emerged.

Bitcoin Whales:

Bitcoin whales are individuals or entities that hold large amounts of Bitcoin. Their actions, such as buying or selling significant amounts, can cause substantial price fluctuations. These whales can influence market sentiment and create large daily price movements.

Market Sentiment:

News, social media trends, and public perception play a significant role in Bitcoin's price movements. Positive news can drive demand and increase prices, while negative news can have the opposite effect.

Regulatory Developments:

Changes in government regulations and policies regarding cryptocurrencies can impact Bitcoin's price. For instance, stricter regulations can create uncertainty and lead to price drops, while favorable regulations can boost confidence and drive prices up.

Technological Developments:

Advances in blockchain technology, upgrades to the Bitcoin network, and innovations in the broader cryptocurrency space can affect Bitcoin's price. For example, the implementation of the Lightning Network aimed to improve Bitcoin's scalability and transaction speed, positively influencing its price.

Conclusion

Understanding how to read Bitcoin charts and recognizing the factors that influence its price are essential for anyone involved in the cryptocurrency market. By analyzing candlestick patterns, technical indicators, and staying informed about global events, market sentiment, regulatory changes, and technological developments, traders and investors can make more informed decisions and navigate the volatile Bitcoin market more effectively. Whether you're a seasoned trader or a newcomer, staying informed and vigilant is key to succeeding in the dynamic world of Bitcoin trading.

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[samdrews]

Recovery in the global crypto market remains elusive despite broader dollar weakness. Bitcoin remains flat around $22,800, while Ethereum has dropped nearly 1% to below $1,650.

Shiba Inu (SHIB) price analysis shows a neutral stance today. Despite opening higher, SHIB couldn't sustain its gains. After reaching a high of $0.00001220, the price retraced to $0.00001206. The 24-hour trading volume for SHIB, the 13th largest cryptocurrency by market cap, is $390,912,433, a 32.14% increase according to CoinMarketCap.

SHIB has gained over 40% since the start of 2023, driven by several fundamental factors. One key factor is the announcement of Shibarium, a layer 2 blockchain solution, on January 6. Additionally, South Korea’s largest cryptocurrency exchange, Upbit, listed Shiba Inu against the Korean Won on January 18.

Moreover, a tweet by Ali Needazar revealed an anonymous user purchased 848,776,937 SHIB coins for over $9.2 million. The largest Ethereum whales also hold more than 50.5 trillion Shiba Inu coins.

Despite significant whale activity, SHIB has struggled to maintain its gains.

Technically, on the 4-hour chart, SHIB is in an uptrend from its December 29 low of $0.00000804. A symmetrical triangle formation at higher levels suggests a potential breakout. The 4-hour RSI reads 58, below the average line, while the MACD is above the midline but shows bearish momentum.

The price is hovering near the 21-day Exponential Moving Average (EMA). Sustained selling could push the price down to $0.00001106. On the upside, the first target is the previous high of $0.00001250.

[market-news-24]

Bitcoin's recent surge has sparked a rally in the cryptocurrency Market today. Investors are closely watching as Bitcoin continues to lead the way in the digital currency space. Find out why the crypto Market is up today and what this means for the future of digital assets. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] The cryptocurrency markets are seeing a green trend once again, thanks to various factors like CME, the U.S. economy, and long-term holders. Bitcoin bulls are currently working hard to push prices back to the immediate support level of $68,000. Over the past twenty-four hours, the global cryptocurrency Market cap has increased by 1.8%, showing a slight recovery from the weekend's beginning. Bitcoin, which was struggling to stay above $60,000 yesterday, is now valued at $63,111, marking a 4% increase on the daily chart. One of the reasons behind this surge is the high liquidation of Bitcoin assets, with over $36 million being liquidated, mainly from Binance. Traders are actively responding to price changes, indicating a Market sensitive to external influences and internal sentiment shifts. Additionally, Bitcoin's CME open interest has risen by over 3% in twenty-four hours, while the spot netflow has reached nearly $140 million during the same period. This increase in interest and flow of funds is contributing to Bitcoin's current positive momentum. Moreover, the release of U.S. economic data on May 14th has also played a role in Bitcoin's resilience. Interest rate decisions by the Federal Reserve have been favorable for Bitcoin, as rate cuts are not anticipated in the near future. Experienced Bitcoin holders are echoing the sentiment of the 2021 bull Market, as indicated by on-chain data. Long-term holders are increasing their BTC holdings after selling off earlier this year, aiming to acquire more coins at lower prices and sell them when Market excitement rises. Despite price fluctuations, Bitcoin is currently experiencing a pullback towards the upward support level, indicating a potential buying opportunity if the pattern continues. Overall, the Market is still under bearish control, with fluctuations likely to persist. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. Why is the crypto Market up today? - The crypto Market is up today due to increased demand and positive news surrounding the industry. 2. What factors contribute to the fluctuation in the crypto Market? - Factors such as Market sentiment, regulations, investor behavior, and technological advancements can influence the crypto Market. 3. Is it possible to predict the movement of the crypto Market? - While some analysts use technical analysis and historical data to predict Market trends, the crypto Market can be highly volatile and unpredictable. 4. How can I stay informed about the latest news in the crypto Market? - You can stay informed by following reputable news sources, subscribing to industry newsletters, and joining online communities and forums dedicated to cryptocurrency. 5. Should I invest in the crypto Market based on daily fluctuations?

- It is important to consider long-term growth potential and risks before making any investment decisions in the crypto Market. Daily fluctuations are common and should not be the sole basis for investment. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block'; let countdownTimer = 20; const countdownInterval = setInterval(function() document.getElementById('countdown').textContent = countdownTimer; countdownTimer--; if (countdownTimer < 0) clearInterval(countdownInterval); document.getElementById('timer-container').style.display = 'none'; document.getElementById('sorry-button').style.display = 'block'; , 1000);

[drewssam]

Polkadot Price Analysis: DOT found support near $5.40; what could be the following possible targets?

Amidst uncertainty surrounding the Federal Reserve's policies and the US economy, major cryptocurrencies are trading in the red. Polkadot (DOT) price experienced modest losses on Tuesday, finding support around $5.40 on the hourly chart. However, a bounce back is anticipated if the price remains above $5.25, but a dip below this level could invalidate the bullish outlook.

The crypto market, after a brief recovery, returned to a bearish stance as investors remained cautious about the ongoing battle against inflation, impacting sentiment for riskier assets. Bitcoin traded with modest gains below $17,000, while Ethereum edged lower near $1,250.

Currently, DOT/USD is trading at $5.47 with a slight 0.02% gain, accompanied by an 11% decrease in trading volume over the past 24 hours. The global cryptocurrency market cap held slightly higher at around $866 billion, experiencing a 2% increase in the last 24 hours.

On the hourly chart, Polkadot's price analysis suggests a sideways movement with a moderate bullish bias. The formation of multiple Doji candlesticks indicates a potential shift in momentum favoring bulls. Breaching the descending trend line could lead to an upside run towards $5.60 and $5.74 levels, while a close below $5.40 might strengthen the bears, targeting $5.35 and $5.25 levels. The hourly RSI indicates a neutral to moderately bullish bias, suggesting possible upside movement in the short term.

[dencyemily]

Ethereum and Binance Coin Rally: Shifting Dynamics Amidst Bitcoin's Dominance

The altcoin market is currently displaying a bullish pattern, as indicated by a technical analysis using Elliott Wave Theory on a 12-hour trading chart. @AltstreetBet, a technical analyst on X, has identified positive momentum building up in the altcoin market, suggesting a potentially prosperous phase for altcoin investors.

Elliott Wave Theory, a tool for technical forecasting, reveals insights into market cycles by identifying recurring wave patterns linked to investor behavior. The current analysis of the altcoin market cap chart illustrates a five-wave impulse pattern followed by a three-wave corrective sequence, indicating a robust upward trajectory. The analysis anticipates the initiation of a fifth wave, often associated with significant price movements. Horizontal lines representing support levels on the chart emphasize critical points where the market has historically resisted downward pressure, reinforcing the potential for growth.

While technical patterns point towards a positive week ahead for altcoins, the inherent unpredictability of cryptocurrency markets necessitates a cautiously optimistic outlook. Global economic shifts, regulatory developments, and technological advancements can lead to unforeseen market reactions, overshadowing technical predictions. Investors are advised to incorporate technical analysis into a comprehensive understanding of the market environment to make informed decisions.

The altcoin market cap analysis presents an encouraging scenario for the upcoming trading period, supported by favorable technical indicators. However, the complex nature of cryptocurrency markets calls for a balanced approach, combining pattern analysis with a vigilant observation of market-influencing factors.

[cryptoupdate24houre]

Algomint GOMINT | Crypto Market Cap | Live Price Chart |...1

Track current Algomint GOMINT prices in real-time with historical Algomint GOMINT charts, liquidity, and volume. Get top exchanges, markets, and more.

market cap

[ailtrahq]

According to recent reports, cryptocurrency company Genesis has suspended customer withdrawals in its lending unit, adding to the already tumultuous landscape of the digital currency industry.  This halt follows the company’s bankruptcy filing earlier this year, triggered by the Gemini exchange’s refusal to facilitate customer withdrawals.  The situation has escalated, involving legal intervention and a settlement between Genesis and FTX, shedding light on the challenges faced by the company and the wider crypto ecosystem. Bankruptcy Judge Approves $175 Million Settlement Between Genesis and FTX According to Scott Melker, author and host of a crypto podcast called “The Wolf Of All Streets”, a bankruptcy judge in New York has recently approved a $175 million settlement between Genesis Global Trading and FTX.  This resolution allows Alameda Research, FTX’s trading arm, to receive the settlement amount from the bankrupt crypto lender. The settlement effectively addresses multiple claims made by FTX against Genesis, resulting in a substantial reduction from the initial claim amounts, which totaled approximately $3.9 billion. While Genesis considers the settlement “fair and equitable,” some FTX creditors have expressed dissatisfaction and voiced their desire for a contested resolution, according to Melker.  The approval of the settlement occurs amidst Genesis’s exposure to the collapse of FTX in 2022 and the ongoing trial of FTX founder Sam Bankman Fried. Bankman Fried faces numerous charges, including fraud and money laundering, further complicating the situation. Overall, Genesis’s decision to suspend customer withdrawals, bankruptcy filing and subsequent settlement with FTX, underscores the challenges inherent in the cryptocurrency industry.  The ongoing legal proceedings, including the trial of FTX founder Sam Bankman Fried, continue to add uncertainty and complexity to the situation. What is Certain is the fact that the outcome of the Genesis-FTX settlement and the resolution of the FTX trial will shape the future trajectory of the industry. The total crypto market cap continues its downtrend on the daily chart. Source: TOTAL on TradingView.com Featured image from Shutterstock, chart from TradingView.com 

[crynotifier]

Bitcoin Price Prediction as Crypto Prices Crash – Will BTC Keep Falling?

Bitcoin Price Prediction as Crypto Prices Crash – Will BTC Keep Falling?

The volatile world of cryptocurrency has once again captured global attention, with prices experiencing a sharp downturn. As Bitcoin, the leading digital currency, faces a significant price drop, many are left speculating on its future trajectory. 

Today’s live Bitcoin price stands at $25,882, marking a decrease of nearly 2.5% in the past 24 hours. With a formidable trading volume of $20 billion, Bitcoin retains its #1 position on CoinMarketCap, boasting a live market cap of $503 billion. 

In light of these figures, the looming question remains: will BTC’s price continue its descent?

Bitcoin Price Prediction 

Bitcoin’s technical landscape showed notable activity after it fell below the $29,000 mark on August 6th. 

Currently, its value has experienced a substantial decline, trading around the $25,800 range. 

Analyzing the four-hourly timeframe, the leading cryptocurrency, Bitcoin, has shown “Three Black Crows‘ candlestick patterns, signaling a strong bearish sentiment in the market. 

Concurrently, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) oscillators have both entered the oversold territory, underscoring the prevailing bearish dominance.

The 50-day Exponential Moving Average (EMA) is positioned around the $27,300 mark, with recent candle closings indicating sustained bearish momentum. 

As of now, the immediate resistance is situated around $26,200. The closing of a two-day candle pattern and the appearance of a bearish engulfing candlestick below this mark suggests that bearish pressures persist below the $26,200 level. 

If this trajectory continues, Bitcoin could potentially fall to $25,600, with a further drop to the $25,200 threshold. 

Conversely, if Bitcoin surpasses the $26,200 level, it might target the next resistance at $26,800. 

Bitcoin Price Chart – Source: Tradingview

A sustained upward move could even push BTC’s price toward $27,300 and eventually to $27,600. 

A decline below the $25,200 mark could open the door for further losses, potentially reaching as low as $24,800.

The aggregate insights from technical indicators, including the 50-day EMA, RSI, and MACD, combined with the ‘ Three Black Crows’ and bearish engulfing candle patterns on the four-hourly chart, consistently suggest bearish dominance. 

It’s imperative for investors to closely monitor the $26,200 benchmark, as moves below this level could signify further declines.

Top 15 Cryptocurrencies to Watch in 2023

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Find The Best Price to Buy/Sell Cryptocurrency

Cryptocurrency Price Tracker – Source: Cryptonews

Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication – cryptocurrencies are highly volatile investments with considerable risk, always do your own research.

The Information contained in or provided from or through this website is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

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[coinnewz]

Stellar (XLM) outshines XRP as top altcoins eye fresh bounce

XLM price rose by 26% to lead the top 100 cryptocurrencies and outshine XRP’s 9% gains in the past 24 hours. Stellar has had a series of positive developments, including its partnership with Bitso announced on Wednesday. XLM could bounce to $0.20 if today’s momentum continues. Stellar (XLM) is currently the top performing altcoin among the top 100 cryptocurrencies by market cap. According to data from CoinGecko, XLM price has spiked more than 26% in the past 24 hours as of 2 pm ET on July 19. Stellar’s native token was trading above $0.16, with a short term bullish outlook that suggests bulls could have a fresh go at the $0.20 supply wall. Stellar’s XLM outpaces XRP In recent days, its been Ripple’s XRP token that led the market in an upward push following its market-defining win against the US Securities and Exchange (SEC). Stellar rode that wave to hit highs of $0.19 last week. . But while XRP remains above prices it traded at prior to Judge Analisa Torres’ ruling that XRP was not a security, its XLM that is outshining the rest of the top 100 coins today. XRP is trading near $0.83 at the time of writing, roughly 9% up in the past 24 hours. Meanwhile, XLM has jumped from lows of $0.14 to an intraday peak above $0.16. On Tuesday, XLM/USD rebounded off the demand zone near $0.12 to give bulls new impetus seen today. Stellar XLM price movement on the daily chart. Source: TradingView XLM/USD is looking for a buffer at the resistance zone near $0.15. If the price holds above this level, it is possible buyers would go for the aforementioned primary target or higher. The bullish outlook is largely helped by the technical picture and the sentiment catalysed by Stellar’s recent series of great news. Why is Stellar price up today? As CoinJournal highlighted earlier today, Stellar has partnered with Latin American crypto firm Bitso to bolster international payments to Colombia, Argentina and Mexico using USDC.  This came after Stellar and crypto platform fonbnk1 teamed up to help millions of unbanked across Africa to tap into the blockchain benefits via their prepaid SIM cards. 350 million people in Africa don't have access to bank accounts, and only 20% of families have formal bank accounts.@fonbnk1 provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar. (1/3) — Stellar (@StellarOrg) July 18, 2023 Stellar also recently announced a partnership with Honeycoin App to enable users across Kenya, Uganda, Tanzania, Nigeria, Ghana and the UK to cash out using their USDC balances at any MoneyGram location in these countries. Share this articleCategoriesTags Source link Read the full article

[coineagle]

Alarm Bells Ring as $305M Outflows Hit Crypto Investment Products

Key Points

Cryptocurrency investment products experienced $305M outflows between 24th and 31st August, with Bitcoin and Ethereum ETFs showing varied trends.

Bitcoin and Ethereum prices have been rising, but they remain below expected levels after the ETF launch.

Crypto Investment Products Witness Significant Outflows

The global cryptocurrency market has been on the rise, with the market cap increasing by 2.79% and most coins gaining over 2% in the past 24 hours. However, weekly charts reveal a decline exceeding 5%.

A more alarming development is the substantial outflow from cryptocurrency investment products. A CoinShares report pointed out a total of $305 million outflows during the week of 24th to 31st August. This downturn follows net inflows of $543 million the previous week, affecting major asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares, and 21Shares.

Bitcoin and Ethereum ETFs Show Mixed Trends

The report indicated that the negative sentiment was mainly centered on Bitcoin, witnessing $319m in outflows. Short Bitcoin investment products saw a second consecutive week of inflows totaling $4.4m. Meanwhile, Ethereum experienced $5.7m outflows, with trading volumes reaching only 15% of the levels seen during the US ETF launch week.

James Butterfill, CoinShares’ Head of Research, commented that the outflows were triggered by a pervasive negative sentiment across various regions and providers. This sentiment was stoked by strong economic data from the U.S., which lowered the chances of a 50-basis point interest rate reduction.

Recent data from Farside Investors confirmed a bearish trend in the Bitcoin (BTC) ETF market, marked by consistent outflows from 26th to 30th August. In contrast, Ethereum (ETH) ETFs have demonstrated more stability. Despite outflows of $12.6 million during the same period, ETH ETFs seem to be showing signs of a potential rebound.

Price Impact and Future Expectations

On the price front, both BTC and ETH have been on an upward trajectory, with green candlesticks appearing on the daily chart. In the past 24 hours, Bitcoin saw a rise of 2.22%, while Ethereum increased by 2.67%. Despite these gains, BTC and ETH were trading at $59K and $2.5K, respectively—below expectations after the ETF launch.

After the ETF launch, Bitcoin initially surged past $70K in March, reflecting a strong trend. However, Ethereum has struggled to break the $3K mark, falling short of the anticipated $4K level.

[etiennekissborlase]

NY Attorney Proposes Stricter Regulation For Crypto Firms Citing Rampant Fraud

NY Attorney Proposes Stricter Regulation For Crypto Firms Citing ‘Rampant Fraud’ https://bitcoinist.com/attorney-proposes-regulation-for-crypto-firms/ New York Attorney General Letitia James has proposed a new state law to tighten rules over cryptocurrency companies, citing “rampant fraud and dysfunction” in the industry. This is the latest move by James, who has been targeting the crypto industry with lawsuits over the past few months. The proposed regulations include requiring independent public audits of crypto exchanges, banning people from owning both brokerages and tokens to prevent conflicts of interest, and requiring crypto platforms to reimburse customers who are victims of fraud.  Sophisticated Set Of Regulations? Dubbed the Crypto Regulation, Protection, Transparency, and Oversight (CRPTO), James called her proposal “the strongest and most comprehensive set of regulations on cryptocurrency in the nation.”  The legislation proposed by the Attorney General includes provisions to prevent crypto brokers and marketplaces from trading using their accounts. Additionally, it would prohibit brokers from borrowing or lending assets owned by their customers.  James said in a statement, Rampant fraud and dysfunction have become the hallmarks of cryptocurrency, and it is time to bring law and order to the multi-billion-dollar industry. New York investors should have the peace of mind that there are safeguards in place to protect them and their money. According to the report, the proposal will be submitted to state lawmakers for the 2023 legislative session. If adopted, it would also strengthen the authority of the New York State Department of Financial Services to regulate digital assets. NY Attorney Keen On Crypto Regulation James has been vocal about overseeing the crypto industry to allegedly prevent abuses. Her lawsuits against KuCoin and CoinEx alleged they failed to register their activities properly. At the same time, another suit against Nexo Inc. and Nexo Capital Inc. resulted in a settlement of up to $24 million for New York and nine other states. According to the attorney general, safeguarding consumers against malpractices in the crypto industry is a fundamental objective and a crucial aspect of her mandate to shield all state residents, especially vulnerable ones. She has also stated that the risks of crypto have disproportionately harmed lower-income investors and people of color. This move by James comes amid growing concerns about U.S. regulators’ lack of regulation in the crypto industry.  Earlier this year, the European authorities detained 15 suspected crypto scam individuals. They shuttered a large-scale operation of call center networks that allegedly stole hundreds of millions of euros from victims by selling digital currencies. While some in the crypto industry have expressed concerns about over-regulation stifling innovation, others believe proper regulation is essential for the industry to mature and gain wider acceptance. As the crypto industry continues to evolve, we will likely see more proposals for regulation in the coming years. Meanwhile, the crypto market has continued to maintain composure despite the different news circulating in the industry. Over the past 24 hours, the global cryptocurrency market cap has surged by 1.6%, with the total value nearing $1.3 trillion. Featured image from Unsplash, Chart from TradingView via Bitcoinist.com https://bitcoinist.com May 05, 2023 at 10:30PM