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Cryptography News
Coinjournal
3w
35
Image Credit: Coinjournal
Will ETH bounce back soon as whales open $100M worth of leveraged bets?
- Ethereum's ETH is trading above $2,200 after dropping to the $2,100 range on Sunday.
- Whales have opened $100 million worth of leveraged bets, predicting Ether to bounce back post the United States' strike on Iran's facilities.
- Despite a recent 14% decline in Ether's value, whales remain bullish with one opening a $101 million long position with 25x leverage.
- 64% of top traders are currently shorting major cryptocurrencies, while only 36% are holding onto long positions.
- ETH/USD pair faces a critical juncture, with bulls defending the $2,100 support level amid technical indicators showing a bearish trend.
- Failure to hold the $2,100 support could lead to a drop towards $1,887, a level not seen since May.
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Bitcoinmagazine
3w
65
Metaplanet Buys Additional ¥17.2 Billion Worth Of Bitcoin
- Metaplanet has purchased an additional 1,111 Bitcoin for approximately ¥17.2 billion ($118.2 million), expanding its Bitcoin holdings.
- The Tokyo-listed firm acquired the Bitcoin at an average price of ¥15.5 million ($106,408) per coin, bringing its total holdings to 11,111 BTC.
- Corporate Bitcoin accumulation is accelerating globally with companies like Metaplanet increasing their Bitcoin reserves.
- The purchase follows Bitcoin's recovery from weekend lows of $98,000 after U.S. airstrikes on Iranian nuclear facilities.
- Metaplanet's aggressive accumulation strategy and success serve as a blueprint for other Asian companies.
- The company aims to acquire 210,000 BTC by 2027 and has seen strong quarterly performance metrics.
- Metaplanet funded its purchases through various capital market activities, including zero-coupon bond issuances.
- Over 130 public companies now hold Bitcoin worth more than $100 billion, signaling growing institutional adoption.
- Bitcoin is currently trading at $101,569, down 0.67% over the past 24 hours.
- Metaplanet saw an 8.20% drop in shares following the announcement of its Bitcoin purchase amid broader geopolitical tensions.
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Coinjournal
3w
48
Image Credit: Coinjournal
Avalanche price prediction: AVAX could retest $15 before recovery
- AVAX is trading above $17 per coin after hitting the $15.90 mark on Sunday.
- AVAX has added 2.5% to its value over the last 24 hours, positioning it as one of the top performers among major cryptocurrencies.
- The cryptocurrency market, including AVAX, is showing signs of recovery after a bearish weekend.
- AVAX could retest the $15 low before surging higher, with technical indicators remaining bearish.
- AVAX/USDT 4-hour chart indicates a bearish outlook, with a potential test of the $15 low before a rally.
- AVAX's RSI of 45 suggests bearish control but could trend towards neutral territory, while the MACD remains negative.
- The market situation could determine whether AVAX targets $17.58 or reaches $20 in the near future.
- If bearish momentum continues, AVAX might test support at $14.61 and potentially reach $12 if the level is not upheld.
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Coindoo
3w
402
Image Credit: Coindoo
Cointelegraph Website Hacked to Promote Fake Token Airdrop
- Cointelegraph website was hacked to promote a fake token airdrop by injecting a deceptive pop-up window on its homepage.
- Attackers advertised a fictitious 'CoinTelegraph ICO Airdrop' offering fake CTG tokens and promising users a reward of $5,500 in exchange for connecting their wallets.
- The tactic aimed to harvest sensitive wallet data and potentially drain funds from unsuspecting users.
- To add credibility, attackers mentioned a non-existent audit by blockchain security firm CertiK in the fake airdrop scheme.
- This method resembled a recent phishing campaign targeting CoinMarketCap users with similar wallet connection prompts.
- Cointelegraph cautioned visitors not to interact with the pop-up, disclose personal details, or connect their crypto wallets during the ongoing investigation.
- The company is currently looking into the breach to determine the duration of the malicious code's presence and any potential financial losses to users.
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Coinjournal
3w
214
Image Credit: Coinjournal
XRP price outlook: $2 remains key amid increased volume
- XRP price is currently above $2.00 and could aim for a breakout above $2.30, with a potential target of $2.50 indicating bullish momentum.
- Altcoins, including XRP, closely follow Bitcoin's movements, which recently experienced a decline due to heightened geopolitical tensions.
- Despite dropping to $1.94, XRP has shown resilience in the face of market challenges, with significant trading volume supporting its price above $2.00.
- Increased trading volume often reflects renewed investor confidence and potential for sustained upward momentum.
- Cryptocurrency market faced pressure due to US-Iran tensions, yet a rebound may occur if risk-on sentiment returns.
- Digital asset investment products continue to see inflows, with XRP attracting $2.69 million, amid positive sentiment surrounding Bitcoin and Ethereum.
- Short-term predictions suggest XRP could break above $2.50 and reach $3.00, with long-term projections hinting at a potential rise above $10 if key levels are maintained.
- Failure to hold above $2.00 may lead to a retesting of the April low around $1.60.
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Coinjournal
3w
1.2k
Image Credit: Coinjournal
Bitcoin bounces after dip to under $99K
- Bitcoin dipped below $100,000 following US strikes on Iran’s nuclear sites, with the price now above $101,000.
- Geopolitical tensions may further impact BTC price if Iran escalates and blocks the Strait of Hormuz.
- US military strikes on Iran's nuclear facilities sparked risk aversion in digital-asset markets.
- Bitcoin experienced panic selling during the weekend, dropping sharply.
- An unexpected US operation targeted Iran's nuclear sites, causing a sell-off in Bitcoin and Ethereum.
- There is uncertainty surrounding Iran's response and potential further escalation.
- Markets are preparing for volatility with concerns about disruptions to global oil supplies.
- Bitcoin's price dropped to $98,900, resulting in significant liquidations exceeding $1 billion.
- Ethereum also saw a decline to $2,150 amid the market turbulence.
- Prominent analysts suggest Bitcoin's drop is linked to its status as a liquid asset in times of conflict.
- Further declines in the crypto market are possible if geopolitical tensions increase.
- Risks such as Iran blocking the Strait of Hormuz could impact Bitcoin prices negatively.
- Bitcoin's price movement remains sensitive to global geopolitical developments and market sentiment.
- Bitcoin analyst Pierre Rochard highlights Bitcoin's role as a liquid asset amid the Middle East conflict.
- Escalation of geopolitical tensions could lead to a flight to safe haven assets and lower Bitcoin prices in the short term.
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Coinjournal
3w
376
Image Credit: Coinjournal
Bitcoin Pepe price to jump soon as another firm plans major BTC purchases
- Bitcoin Pepe, an early-stage token, gains traction with a presale raising over $15.3 million.
- BTC fell below $98,500 post-US airstrike but rebounded to $101,841 amid geopolitical tensions.
- Institutional adoption of digital assets is increasing, diverting attention to assets like Bitcoin Pepe for outsized returns.
- Grant Cardone's Cardone Capital buys 1,000 BTC, planning to add 3,000 more, joining the digital asset treasury strategy.
- Cardone Capital is a real estate firm managing over 14,000 units with $5.1 billion in assets.
- Bitcoin Pepe stands out by combining meme appeal with a Layer 2 infrastructure narrative.
- Bitcoin Pepe secures partnerships with Super Meme, Catamoto, and Plena Finance.
- Bitcoin Pepe's presale success triggers anticipation of a price surge.
- The BPEP token of Bitcoin Pepe is priced at $0.0416 with plans for listings on MEXC and BitMart.
- Bitcoin Pepe's listing announcements and presale completion are expected to drive further investor interest.
- Bitcoin Pepe is well-positioned to capitalize on renewed risk appetite and focus on meme coins.
- Investors are eyeing Bitcoin Pepe for both speculative potential and a strong product narrative.
- Bitcoin Pepe's price outlook is optimistic as it prepares for increased liquidity and visibility.
- Bitcoin Pepe aims to deliver scalability and speed while leveraging Bitcoin's base-layer security.
- The post portrays increasing interest in Bitcoin Pepe due to its unique positioning in the market.
- Eligible for Web Story as it covers current market trends, institutional adoption, and specific cryptocurrency insights.
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Coindoo
3w
236
Image Credit: Coindoo
Binance Founder Explains Dips and What To Look For Next ATH
- Binance founder CZ reframes market downturns as natural dips before potential new all-time highs in the crypto market.
- He emphasizes the importance of maintaining a long-term mindset, viewing current prices as temporary phases in an upward trajectory.
- While CZ's statement is optimistic, he also raises the crucial question of whether there will indeed be a next all-time high (ATH), highlighting the uncertainty in the crypto market.
- He advises investors to focus on coins with long-term staying power and significant growth potential, emphasizing the importance of thorough research and selective investing.
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Coinjournal
3w
30
Image Credit: Coinjournal
Best crypto to buy now as analyst sees BTC making a strong comeback
- Bitcoin Pepe presale attracts strong investor interest, raising over $15.3 million with BPEP token priced at $0.0416.
- Bitcoin (BTC) dropped to a six-week low below $98,500 following US airstrike on Iranian nuclear facilities, rebounded above $101,841.
- BTC hovers near $100,000 level; close below could lead to further downside targeting $98,200.
- BTC co-founder Arthur Hayes foresees temporary dip in BTC price, citing central bank money printing to support long-term bullish trajectory.
- Bitcoin faces resistance near $110,000; market volatility affects altcoins, total market cap at $3.12 trillion.
- Bitcoin Pepe's presale remains resilient amid market uncertainty, attracting steady capital inflows.
- Bitcoin Pepe integrates cultural relevance with technical infrastructure, forming partnerships to enhance Layer 2 ecosystem.
- Presale success with $15.3 million raised leads to anticipated listings on MEXC and BitMart for improved liquidity and visibility.
- Bitcoin Pepe's meme-centric Layer 2 project aims to redefine meme tokens by combining Bitcoin security with scalability features.
- BTC and altcoins experience volatility, but Bitcoin Pepe's strong presale performance continues amidst market fluctuations.
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Coindoo
3w
354
Image Credit: Coindoo
Crypto Expert Identifies “Clear Pattern” for Bitcoin, Targeting $175,000
- Crypto analyst EGRAG CRYPTO identifies a predictable pattern in Bitcoin's current market cycle.
- Analysis indicates a projected cycle top of $175,000 after filling a notable CME gap.
- The pattern revolves around the 'BULL MARKET SUPPORT BAND (BMSB)' and specific price movements.
- Sequence breakdown includes close below BMSB, rapid pump above BMSB, retests, bounces, and corrective phases.
- Recurring sequence described as Corrective → Bounce 1 → Bounce 2 → Corrective.
- Outlook suggests filling CME gap near $91,950, then rallying towards $140,000-$160,000.
- Forecast concludes with final retest and minor bounce, leading Bitcoin to projected Cycle Top at $175,000.
- Detailed analysis provides roadmap for Bitcoin's price action during the current cycle.
- Forecast serves as a speculative outlook based on identified patterns and factors.
- Post originally appeared on Coindoo website.
- Bitcoin: What Happened With The Price in 2024 When Israel and Iran Exchanged Fire?
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Coinjournal
3w
144
Image Credit: Coinjournal
HYPE price forecast: HYPE could rally to $40 as market recovers
- Hyperliquid’s HYPE has outperformed other major cryptocurrencies by adding 5% to its value in the last 24 hours.
- Bitcoin is trading above $101k, while HYPE is now aiming for the $40 resistance level in the short term.
- BTC and HYPE, among others, have started to recover after a bearish period, with Bitcoin surpassing $101k.
- HYPE, the native coin of Hyperliquid, dropped to $31 but has rebounded to $35.40; it could rally towards $40 if bullish momentum continues.
- HYPE has shown impressive performance over the past year, gaining 1,000% and becoming the 11th largest cryptocurrency by market cap.
- HYPE's price action is dynamic as it aims to challenge Cardano for the 10th spot in the market.
- Despite a recent 21% decline from its all-time high of $45, HYPE could approach the $40 resistance level with ongoing bullish momentum.
- Technical indicators suggest potential for HYPE's upward movement, with MACD possibly turning positive and RSI reaching the neutral zone.
- If the bullish trend continues, HYPE might test the first resistance at $38.50 before potentially rallying to $40.
- The Middle East crisis is impacting the broader cryptocurrency market's performance amid HYPE's potential upward movement.
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Cryptoticker
3w
201
Image Credit: Cryptoticker
Metaplanet Buys 1,111 BTC Amid Middle East Tensions — Buying the Dip?
- Metaplanet, Japan's MicroStrategy, purchased 1,111 BTC amid Middle East tensions and market uncertainty.
- The total amount of BTC held by Metaplanet is now 11,111 BTC, valued at over $1.1 billion, positioning them as aggressive Bitcoin accumulators.
- The purchase was timed strategically during a dip in Bitcoin's price due to geopolitical tensions, with an average price paid between $97,000 to $106,400 per BTC.
- Metaplanet's structured accumulation of Bitcoin indicates a disciplined long-term strategy, similar to MicroStrategy and BlackRock.
- The specific number 1,111 BTC aligns with their pattern of symbolic Bitcoin purchases, aiming for a psychological milestone and clear treasury accumulation strategy.
- The company funds Bitcoin buys through zero-coupon bonds, convertible notes, and share issuances, raising over $300 million in recent months.
- Metaplanet aims to reach 30,000 BTC by 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027, representing 1% of all Bitcoin in existence.
- The market's reaction to Metaplanet's purchase led to minor stock turbulence, reflecting mixed investor sentiment.
- Metaplanet's 11,111 BTC represents 0.05% of total supply, contrasting with Satoshi Nakamoto's estimated 1.1 million BTC and BlackRock's 683,000 BTC.
- The purchase underscores Metaplanet's image as a bold, crypto-first company, with a goal to become a dominant Bitcoin holder in the corporate world.
- The decision by Metaplanet is seen as either a strategic vision or a high-stakes gamble, depending on Bitcoin's future and market reactions to macro uncertainty.
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Coindoo
3w
363
Image Credit: Coindoo
List of Leading Blockchains by Fee Growth
- Aptos leads the pack with a remarkable +78% growth in fees, indicating increased demand.
- Following closely are Sei with +60%, Goat with +33%, Arbitrum with +32%, and Zksync with +26% fee growth.
- Fee growth is seen as a crucial indicator of genuine user activity and network utility.
- Higher fees signal increased competition for network resources or a higher perceived value of transactions.
- Fee generation is considered a direct measure of a blockchain's economic value and demand for blockspace.
- The data from Nansen indicates a surge in demand for these top five blockchains, translating into increased network revenue.
- This fee growth trend suggests healthy economic activity and expanding usage on these leading chains.
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Financemagnates
3w
179
Image Credit: Financemagnates
FTX EU (Now Trek Labs) Paid €200K in Latest CySEC Settlement
- FTX EU, now Trek Labs Europe, settled with CySEC by paying €200,000 for possible violations of regulations that occurred before the ownership change.
- The settlement was based on compliance assessments between March 2022 and mid-November 2022 when the exchange collapsed.
- Possible violations related to organizational requirements, general principles, information provided to clients, and assessment of appropriateness.
- CySEC also settled with the operator of Purple Trading for €150,000.
- FTX EU's CIF license was suspended in November 2022 after its parent company's collapse.
- Backpack acquired FTX's Cypriot entity for $32.7 million, aiming to offer crypto derivatives in European markets.
- Although plans to operate under the acquired entity were delayed, other exchanges like Kraken, Coinbase, and Crypto.com have also acquired Cyprus-based brokers.
- The FTX-related entity's CIF license remains suspended, but the settlement indicates a potential lift of the suspension for Backpack.
- Backpack is in the process of distributing claims to affected FTX EU customers.
- FTX EU/Trek Labs Europe paid €200,000 for possible violations of regulations.
- CySEC settlement was based on compliance assessments from March 2022 to mid-November 2022, predating the ownership change.
- Violations related to organizational requirements, general principles, and information provided to clients.
- CySEC also settled with Purple Trading's operator for €150,000.
- FTX EU's CIF license was suspended in November 2022 post-parent company collapse; Backpack acquired FTX's Cyprus entity.
- Although ownership change occurred, CIF license remains suspended, pending potential lift after settlement.
- Backpack acquiring FTX Cyprus entity for $32.7 million to offer crypto derivatives in European markets.
- Plans for resumed operations under acquired entity delayed; other exchanges like Kraken, Coinbase, and Crypto.com also acquired Cyprus brokers.
- Backpack distributing claims to affected FTX EU customers in the process.
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Coindoo
3w
21
Image Credit: Coindoo
Understanding Bitcoin’s Critical Support: What It Means for Your Holdings
- Short-Term Holder Realized Price, representing average cost basis of investors holding BTC for less than 155 days, has been a reliable floor for price downturns since April.
- Bitcoin corrections consistently find strong support at this crucial level, acting as both a psychological and technical support zone.
- Short-Term Holder MVRV ratio indicates increasing pressure on newer market participants with a 0.03 value, implying about 3% in unrealized gains for short-term holders.
- STH-MVRV value of 0.03 suggests that recent buyers are at or very close to their entry price, making them vulnerable to selling pressure in case of further price declines.
- A STH-MVRV value near 1 denotes that short-term holders are at breakeven, while values below 1 imply they are at a loss.
- While the historical support level has held strong, decreasing unrealized gains for short-term holders may challenge the market's resilience.
- Investors are monitoring whether this critical support level will withstand the pressure on newer entrants in the Bitcoin market.
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