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Cryptocurrency News Articles
Cryptocurrency Markets Trade Lower Despite Whale Transactions Rising
Oct 26, 2024 at 03:50 am
Notable Statistics: Notable Developments: Top Losers: Trader Notes: With Bitcoin prices dropping, industry expert The Moon noted that Bitcoin has dumped
Cryptocurrency markets are trading lower on March 20 despite a rise in whale transactions, according to data from OnChain.
Bitcoin (CRYPTO: BTC) is trading lower by 0.3% over the past 24 hours at $71,164.13.
Ethereum (CRYPTO: ETH) is trading down by 0.04% over the past 24 hours at $2,543.96.
Dogecoin (CRYPTO: DOGE) is trading lower by 1.1% over the past 24 hours at $0.141647.
Shiba Inu (CRYPTO: SHIB) is trading down by 0.2% over the past 24 hours at $0.00003023.
Optimism (CRYPTO: OP) is trading lower by 0.03% over the past 24 hours at $2.13.
The total cryptocurrency market volume over the past 24 hours is $113.3 billion.
Bitcoin’s ‘Golden Cross’ And Other Key Levels To Watch As BTC Pauses At $71K
Bitcoin is pausing at the $71,000 level after forming a bullish “golden cross.”
The cross occurs when the 50-day moving average crosses above the 200-day moving average on a price chart.
This technical pattern is often viewed as a bullish sign, suggesting that the uptrend in Bitcoin’s price may continue.
However, it’s important to note that technical patterns can be subjective and should not be used as the sole basis for making investment decisions.
Other technical levels to watch for Bitcoin include support at the 100-day moving average, which is currently around $65,000, and resistance at the all-time high of $64,804.
Crypto Quant Highlights Lower Retail Bitcoin Transfer Activity: What It Could Mean For BTC Price
Cryptocurrency market intelligence platform CryptoQuant highlighted that retail Bitcoin transfer activity remains low.
According to the platform, the last time Bitcoin price rallies occurred was when the daily retail transfer activity hit a low of $326 million on Sept. 21, the lowest since at least 2020.
This activity level is said to be significantly lower compared to theช่วงเวลาที่ใช้งานได้ดีที่สุด in 2021, which saw daily retail transfers reaching up to $3.5 billion.
CryptoQuant associates lower retail activity with periods of Bitcoin price rallies, while higher activity tends to coincide withช่วงเวลาที่ใช้งานได้ดีที่สุด.
However, it’s crucial to note that past performance does not guarantee future results and that a variety of factors can influence Bitcoin’s price movements.
Bitcoin Priced To Hit $80K Before 2025, SHIB Army Member Makes Bold Prediction For Doge And Shiba Tokens
A member of the SHIB army is predicting big things for both Dogecoin and Shiba Inu in the next few years.
According to the member, both meme tokens are expected to see a 100X increase, with Dogecoin reaching $1 and Shiba Inu hitting $0.001.
This prediction is based on the assumption that both tokens will continue to see strong community support and adoption.
However, it’s important to note that cryptocurrency markets are highly volatile and that such predictions should be taken with a grain of salt.
Meanwhile, crypto trader Poseidon is predicting that Bitcoin will reach $80,000 before 2025.
This prediction is based on his analysis of Bitcoin’s previous bull markets and his belief that the cryptocurrency is still in the early stages of the current bull market.
However, it’s important to note that cryptocurrency markets are highly volatile and that such predictions should be taken with a grain of salt.
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- Chainlink (LINK) Price Prediction: Uptrend is Certain If Demand Remains
- Oct 26, 2024 at 10:25 am
- LINK, the native token of the leading decentralized oracle network Chainlink, has noted a 5% price surge over the past 24 hours. It currently trades at $11.76, with a 2% hike in trading volume during that period.
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- Shiba Inu (SHIB) Burn Rate Spikes 65,529.67%, Raising Speculation on Potential Price Impacts
- Oct 26, 2024 at 10:25 am
- Data shows that the most recent burn transactions each moved millions and thousands of SHIB tokens to designated “dead wallets,” according to Shibburn. This reflects an accelerating reduction in the supply, fueling hopes for a positive SHIB price trend in the long term.
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- The Hidden Complexities of Converting USD to Bitcoin: More Than Meets the Eye
- Oct 26, 2024 at 10:15 am
- As Bitcoin becomes more widely accepted, understanding the full spectrum of implications surrounding USD to Bitcoin conversions is vital. Beyond market fluctuations, numerous social and economic elements come into play, affecting individuals, communities, and nations differently.
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- Growing Competition in the Aptos NFT Ecosystem
- Oct 26, 2024 at 10:15 am
- The Aptos NFT ecosystem is experiencing significant growth and heightened competition. Recent data from Ambassador Aptos reveals that both users and investors are paying more attention to the platform’s all-time performance, especially over the last thirty days. This shift has added excitement and intensified rivalry within the space.