A CryptoQuant analyst recently shared insights suggesting that Ether (ETH) may be on the verge of a rally based on metrics in the cryptocurrency’s futures market. The analyst, known as Shayan, pointed out a significant liquidation event in the ETH market, historically signaling potential price rallies as markets stabilize and spot buying pressure increases. Earlier
Binance, the world’s largest cryptocurrency exchange, recently announced the delisting of six altcoins from its platform. This decision has caused significant price drops for the affected assets, highlighting the potential impact that exchange actions can have on the market. Binance periodically reviews each digital asset listed on its platform to ensure that they meet high
XRP, the digital asset associated with Ripple, experienced a significant surge in price last week following a court ruling in the ongoing legal battle between Ripple and the SEC. The price of XRP jumped by 20% in a single day, reaching almost $0.64, with its market capitalization surpassing $35 billion. The price rally came on
Crypto analyst CryptoCon has identified a technical indicator that has consistently predicted every local high for Bitcoin in the current bull run. According to a recent tweet, CryptoCon has projected that Bitcoin could reach $109,236, surpassing the $100,000 mark by the end of the year. The analyst has attributed this potential rise to the “1-month-behind
The Venezuelan government’s decision to restrict access to Binance’s website has caused turmoil in the country following controversial presidential election results. Binance, a leading cryptocurrency exchange, confirmed on August 10 that its website was among the many websites facing access restrictions in Venezuela. This move has raised concerns among Venezuelan users who rely on Binance
Samsung has recently announced its exciting partnership with Illuvium at Gamescom 2024, with the aim of transforming home entertainment through the integration of Web3 technology. This collaboration seeks to bring the popular Illuvium gaming world directly to living rooms, allowing players to delve into the three core games – Overworld, Arena, and Zero. Partnership Details
As bitcoin experiences another retreat, analysts are closely examining technical indicators to gain insights into its next direction. One such indicator is the liquidity heatmap, which recently highlighted key first-test lines at approximately $56,800. According to CoinGlass, if BTC prices successfully bounce off this level, it may test higher ones. However, a weaker bounce could
Atari, a pioneer in the gaming industry, is once again making waves by revisiting the classic game Breakout with a modern twist. This time, the game is being brought back on the Ethereum layer 2 network Base as part of Coinbase’s “OnChain Summer” promotion. This move is a clear indication of Atari’s commitment to merging
Toronto-based Bitcoin mining company Bitfarms recently reported a total revenue of $42 million, representing a 16% decline quarter-over-quarter. This decrease is primarily attributed to the reduction in block rewards following the BTC halving event that took place on April 19, 2024. Bitfarms also reported a significant net loss of $27 million, or $0.07 per share.
Semilore Faleti is a cryptocurrency writer with a specialization in journalism and content creation. Originally delving into various subjects, Semilore quickly discovered his talent for unraveling the complexities of blockchains and cryptocurrencies. His passion for the efficiency of digital assets in terms of storing and transferring value has driven him to become a staunch advocate
