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Today’s Crypto News
Gain insight into the latest news in the cryptocurrency industry and make decisions faster and more accurately
Articles Videos-
2024
Apr / 29- Bitcoin Bulls Face Downward Pressure Amidst Market Uncertainty, But Buying Opportunity Looms
- Apr 29, 2024 at 10:53 pm
- In a month characterized by macroeconomic uncertainties, Bitcoin has faced a downturn, falling below crucial support levels. However, amidst the bearish sentiment, the Short-Term Holder (STH) Realized Price, a metric representing the average purchase price of recent investors, suggests a potential buying opportunity. Currently hovering around $59,788, this price level serves as a critical support for Bitcoin. Historically, when Bitcoin trades above the STH-Realized Price, short-term investors remain profitable, reducing selling pressure.
- Dar Blockchain and NEAR Protocol Forge Alliance to Accelerate African Web3 Innovation
- Apr 29, 2024 at 10:52 pm
- Dar Blockchain, a MENA-based Web3 hub, has partnered with NEAR Protocol to foster Web3 innovation in Africa. Dar Blockchain plans to provide technical education in Arabic and French, including instructional videos, AMAs, and onboarding programs. The partnership emphasizes interactive learning through peer-pairing sessions, strengthening the Web3 developer community. This collaboration aligns with Dar Blockchain's commitment to innovation in the MENA region, following successful initiatives such as the Africa Hedera hackathon.
- Algorand's Open Interest Slump Signals Bearish Tide, Technicals Hint at Further Price Dips
- Apr 29, 2024 at 10:51 pm
- Algorand's open interest has declined over the past 24 hours, with its price underperforming most top 100 crypto assets in the past year. The bearish sentiment is reflected in the derivatives data, with sellers dominating and a 10.7% decrease in open interest. Technical analysis suggests further price declines, supported by bearish MACD and RSI signals, indicating diminishing buyer interest and potential support at $0.120 and $0.1580, while resistance lies at $0.2480 and $0.2800.
- AI Crypto Stars Soar: Akash Network, NEAR Protocol, and Raboo Lead Blockchain Revolution
- Apr 29, 2024 at 10:50 pm
- Amidst a surging AI crypto market, Akash Network, NEAR Protocol, and Raboo are emerging as prominent players. Akash Network's strategic acquisitions and AI model training initiatives have propelled its growth, while NEAR Protocol advances blockchain scalability and interoperability. Raboo's innovative social-fi platform, with its meme-generating AI, has garnered $1 million in presale, sparking a viral revolution in the crypto space.
- Ethereum Bull Market Anticipated as Exchange Reserves Dwindle, Gas Fees Plummet
- Apr 29, 2024 at 10:50 pm
- Amidst decreasing gas fees, analysts have observed a continuous decline in Ethereum reserves across major exchanges. This trend is believed to indicate growing bullish sentiment as investors withdraw ETH from exchanges, possibly suggesting increased off-chain activities or participation in decentralized finance. As a result, ETH bulls anticipate a price rally as the decreasing supply on exchanges is viewed as a sign of accumulating and optimism.
- Surge in Bitcoin Transaction Fees Post-Halving as Runes Offset Block Reward Reduction
- Apr 29, 2024 at 10:49 pm
- Post-halving, Bitcoin miners are seeing rising transaction fees due to the implementation of Runes on the network. These fees partially offset the reduced block rewards, with major mining firms like Stronghold Digital Mining and Marathon recognizing their importance in maintaining profitability. Despite community controversy, these fees are viewed positively within the ecosystem, with some experts suggesting they could become the norm as new features emerge on the BTC network.
- SEC Chair Classifies Ethereum as Security, Sparking Market Volatility
- Apr 29, 2024 at 10:48 pm
- Surging selling pressure has engulfed the crypto market following revelations of SEC Chairman Gary Gensler's belief in Ethereum's designation as a security. This revelation emerged from court filings in an ongoing case between the SEC and Consensys, illuminating the SEC's stance for over a year. The news has triggered whale activity, with significant quantities of ETH being offloaded onto exchanges, casting doubt on the cryptocurrency's future price trajectory.
- Bitcoin Halving Signals Sustainability, Ethereum Fosters Innovation, Raboo Rises
- Apr 29, 2024 at 10:46 pm
- While Bitcoin and Ethereum remain significant cryptocurrencies, their recent price action has been unfavorable due to a decline in Bitcoin's value impacting the broader market. However, Raboo (RABT), an AI-powered meme coin, has emerged as a promising investment opportunity. With over $1 million raised and a strong focus on community engagement and content creation, Raboo's crypto presale at $0.0036 per token offers substantial potential for investors seeking substantial returns.
- Massive Ethereum Whale Dump Stuns Market, Raising Price Correction Fears
- Apr 29, 2024 at 10:43 pm
- Whales have shaken the Ethereum market by dumping 56,000 coins, leading to widespread speculation about further price corrections amid the crypto market's broader instability. The ETH price has dropped about 4% in the last 24 hours, raising serious concerns among investors about its future movement as whale behavior hovers over the crypto horizon, reinforcing pessimistic sentiment. The unloading of large amounts of ETH has raised concerns about a probable Ethereum correction.
- Option2Trade Debuts Algorithmic Trading Platform, Disrupting DeFi Exchange Landscape
- Apr 29, 2024 at 10:42 pm
- Option2Trade (O2T) challenges the DeFi exchange landscape with an algorithmic trading platform that introduces sophisticated trading tools and optimizes execution processes. By integrating cutting-edge technologies, O2T aims to disrupt market shares held by giants like Uniswap (UNI) and Woo Network (WOO), signaling a shift towards advanced trading solutions that empower traders and institutions alike.
- USDC Surpasses USDT in Transactions, Boosting Market Confidence in Stablecoins
- Apr 29, 2024 at 10:42 pm
- Visa's latest data reveals a surge in transaction volume for Circle Internet Financial's stablecoin, USDC, surpassing Tether's USDT, the previous leader in this category. USDC's trading volume exceeded $5 billion within 24 hours, marking a significant milestone for the stablecoin and signaling a growing interest from traders. Visa's collaboration with Allium Labs ensures the accuracy of the data, providing transparent oversight of the stablecoin ecosystem.
- Solana (SOL) Surges with STEPN-Adidas Partnership, Poised for Growth
- Apr 29, 2024 at 10:42 pm
- Solana (SOL) and KangaMoon (KANG) are attracting attention in the cryptocurrency market. STEPN's collaboration with Adidas has boosted Solana's network, while KANG's impressive presale performance and promising platform features position it as a potential rival to Ethereum (ETH) and Solana. Ethereum is also poised for growth, with analysts predicting it will surpass its all-time high before Q4.
- Algotech Presale Phenomenon: Investors Ditch PEPE and Cardano for Cutting-Edge Platform
- Apr 29, 2024 at 10:40 pm
- Algotech (ALGT), a leading presale cryptocurrency, has garnered immense attention from investors. As the presale nears its conclusion, PEPE and Cardano (ADA) holders are flocking to ALGT, recognizing its potential as a profitable investment. Backed by advanced technology and a mission to simplify algorithmic trading through AI, Algotech aims to provide traders with increased efficiency, enhanced market analysis, and high leverage opportunities.
- Meme Coin Boom Set for 2024: KANG, PEPE, SHIB, WIF, and BONK Poised for Massive Upswings
- Apr 29, 2024 at 10:37 pm
- In a booming crypto market where meme coins have gained significant traction, investors are seeking opportunities for exceptional returns. Top meme coins like KangaMoon (KANG), Pepe (PEPE), Shiba Inu (SHIB), Dogwifhat (WIF), and Bonk (BONK) are poised for a potential surge in value, offering lucrative investment prospects. Industry analysts and experts provide insights and predictions, highlighting the promising futures of these coins. KangaMoon, with its RaidSharksBot integration, aims to create a vibrant gaming community, while Pepe, Shiba Inu, Dogwifhat, and Bonk have captured attention with recent rallies and positive market signals.
- Navigating the Tumultuous Crypto Landscape: SEC Scrutiny for Tron, Dogecoin's Resilience, and AI-Powered Algotech Emerges
- Apr 29, 2024 at 10:35 pm
- In the volatile crypto market, Tron (TRX) faces SEC scrutiny over alleged security violations and market manipulation, causing a price drop. Dogecoin (DOGE), despite market downturns, exhibits resilience due to its passionate community and meme-fuelled appeal. Amidst these events, Algotech (ALGT) emerges as a new entrant, offering an AI-driven crypto trading platform. Its presale has garnered investor attention, positioning it as a potential game-changer in the crypto trading arena.
- Shiba Inu Enters Corrective Phase Amid Market Uncertainty
- Apr 29, 2024 at 10:32 pm
- Shiba Inu (SHIB) has initiated another correction, falling below the crucial 26-day EMA and edging towards significant support levels. This downturn reflects a broader hesitance in the crypto market and has pushed SHIB to the next support level near $0.00002. The asset's recent fluctuations can be linked to the nearly nonexistent trading activity, which explains why its market value is stagnant. The modest response from buyers following the halving indicates that market confidence is not as robust as predicted.
- Trust Wallet Back on Google Play Store After Brief Hiatus
- Apr 29, 2024 at 10:32 pm
- Trust Wallet, a popular noncustodial cryptocurrency wallet, has been reinstated on the Google Play store after a temporary removal. Google had delisted the app without providing a reason, prompting Trust Wallet to file an appeal. While awaiting Google's response, Trust Wallet offered an alternative APK download from its website. The reinstatement allows users to access the app on their Android devices, with Trust Wallet warning users to avoid downloading any apps from the Play store as these may be scams targeting unsuspecting users.
- Polygon, Robinhood Team Up to Revolutionize NFTs and Stablecoins
- Apr 29, 2024 at 10:31 pm
- Polygon and Robinhood forge a partnership, unlocking NFT expansion and stablecoin growth. Robinhood Wallet leverages Polygon's Proof-of-Stake network for cross-chain swaps, extending on-chain access to over 23 million users. With this collaboration, Polygon solidifies its leadership position while Robinhood diversifies its offerings, marking another milestone in Polygon's Q2 successes and its dominance in NFT and stablecoin sectors.
- Litecoin Soars Against Bearish Tide, Signaling Bullish Momentum
- Apr 29, 2024 at 10:30 pm
- Amidst a bearish market trend, Litecoin (LTC) displays resilience, holding its support levels with minimal losses. Traders exhibit robust confidence in LTC's upward trajectory, as evidenced by substantial leverage in the derivatives market. Positive on-chain indicators, including a positive Hodler Net Position Change and declining dormant circulation, further support the bullish sentiment, suggesting the potential for LTC to defy bearish expectations and push towards the $100 milestone.