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Cryptography News
Coindoo
1d
270
Image Credit: Coindoo
Bitcoin Market Still Has Room to Run, According to Fractal Analysis
- Analysts at Alphractal rely on a model called the 'Recurring Fractal Cycle' to predict Bitcoin's market movements, suggesting more potential upside for the cryptocurrency.
- This model has accurately identified previous local tops and bottoms in the Bitcoin market, indicating that Bitcoin may still have room to grow based on historical patterns.
- Alphractal also highlights the increasing valuation of mining stocks like Iris Energy (IREN), signaling potential market volatility on the horizon. This divergence between Bitcoin's price and mining stock performance could lead to significant market shifts.
- While acknowledging that no model can predict the future with certainty, Alphractal emphasizes the significance of monitoring the 'Recurring Fractal Cycle' and the evolving relationship between mining stocks and Bitcoin market cap for insights into Bitcoin's future trajectory.
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Coinjournal
1d
180
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BONK price up 60% in 7 days: can the meme coin go higher?
- BONK, a meme coin on the Solana blockchain, has surged nearly 60% in the past week driven by market sentiment and speculation surrounding ETF-related demand.
- Key technical indicators point to continued accumulation, including negative net flows on exchanges and a potential Golden Crossover between 50 and 200-day EMAs.
- BONK broke out of a year-long falling wedge pattern but is currently trading at $0.00002128, down 5.95% in the last 24 hours.
- Traders are cautious as BONK approaches key resistance levels at $0.00002840, with potential support zones at $0.00002577 and $0.00003670. Speculation around BONK's inclusion in crypto ETF portfolios has contributed to its recent price surge.
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Changelly
1d
60
Image Credit: Changelly
What Is Copy Trading in Crypto and How Does It Work?
- Copy trading in crypto allows beginners to mirror skilled traders' actions effortlessly.
- Follow experienced traders automatically to learn strategies and avoid common pitfalls.
- Choose trusted platforms, diversify, and monitor trades for successful copy trading experience.
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Changelly
1d
350
Image Credit: Changelly
How to Start Swing Trading Crypto: A Practical Guide
- Crypto swing trading offers a balanced approach between day trading and long-term holding.
- Swing trading involves holding trades for days, capturing short-term price movements in crypto.
- To succeed, choose the right assets, set up trading tools, and understand chart patterns.
- Follow a structured plan, use technical indicators, and manage risk for profitable swing trading.
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21 Likes
Changelly
1d
207
Image Credit: Changelly
Spot Trading in Crypto: A Simple Guide for Beginners
- Spot trading in crypto involves direct buying and selling of cryptocurrencies at current prices.
- It offers hands-on experience with real asset ownership, making it ideal for beginners.
- Spot trading is immediate, transparent, and high on liquidity compared to other methods.
- While simple and direct, spot trading lacks leverage and may expose beginners to risks.
- Overall, spot trading serves as a foundational method for entering the crypto market.
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Coindoo
1d
222
Image Credit: Coindoo
Emirates Prepares to Embrace Bitcoin Payments Through Partnership with Crypto.com
- Emirates has partnered with Crypto.com to enable customers to pay for flights using Bitcoin and other cryptocurrencies.
- The preliminary agreement sets the foundation for Emirates to accept digital assets as a payment option for ticket bookings.
- The initiative, expected to launch next year, aims to support the UAE's efforts in becoming a global hub for digital finance and crypto innovation.
- Emirates sees the partnership as a way to appeal to tech-savvy travelers and align with evolving consumer behavior, potentially marking a milestone in mainstream crypto adoption in the travel industry.
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Coinjournal
1d
331
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BNY Mellon to custody Ripple’s stablecoin reserves
- Ripple partners with BNY Mellon to custody RLUSD reserves for regulatory compliance and institutional trust.
- BNY Mellon appointment aims to facilitate the movement of reserve assets and cash to support RLUSD conversions.
- The collaboration reflects a trend of traditional financial institutions entering the stablecoin space.
- Ripple also applied for a US banking charter and Federal Reserve master account to deepen its role in the US financial system.
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Changelly
1d
226
Image Credit: Changelly
What Is Leverage Trading in Cryptocurrency? A Guide to Start From
- Leverage trading lets you control more capital using borrowed funds or collateralized contracts.
- It amplifies profits and risk—small price swings can lead to liquidation of positions.
- Crypto leverage trading includes margin and synthetic margin, with various leverage ratios available.
- Risk management, leverage selection, and understanding margin setups are crucial for successful trading.
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Coindoo
1d
33
Image Credit: Coindoo
Fidelity Sees Ethereum as the Stronger Long-Term Bet, Despite Solana’s Rapid Gains
- Fidelity sees Ethereum as a stronger long-term bet compared to Solana, despite Solana's rapid gains in revenue and total value locked (TVL).
- Ethereum's robust ecosystem, developer engagement, stablecoin usage, and TVL are highlighted by Fidelity as signs of its foundational strength.
- Solana's momentum is attributed to its low-cost, high-speed blockchain architecture, making it popular for trends like memecoins, though Fidelity cautions about market trends' cyclical nature.
- While Solana's upcoming Firedancer upgrade aims to enhance scalability, Fidelity maintains that Ethereum's fundamental value surpasses Solana's speed-driven growth for institutional and long-term investors.
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Coinjournal
1d
185
Image Credit: Coinjournal
Chainlink (LINK) accumulation hints at big breakout; check forecast
- Chainlink's LINK is up 4% in the last 24 hours, trading at $14 and is showing signs of a potential breakout towards $17 after weeks of accumulation around $13.
- The cryptocurrency market is on an upward trend, with Bitcoin above $109k and Ether crossing $2,600. LINK is among the top performers and is poised to rally higher.
- LINK has been accumulating between $12 and $14 despite recent positive developments, indicating a potential breakout. Analysts expect LINK to reach $17 soon.
- LINK's technical indicators are bullish, with RSI at 64 showing buying pressure. The coin could test resistance levels at $15.7 and $17.9, with strong support at $12.6.
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Cryptopotato
1d
309
Image Credit: Cryptopotato
Ripple Taps The Oldest US Bank to Custody RLUSD
- The Bank of New York Mellon Corporation (BNY Mellon) has been chosen to be the custodian for Ripple's RLUSD stablecoin.
- RLUSD was launched at the end of last year and is pegged to the US dollar at a 1:1 ratio, focusing on enterprise utility for cross-border payments.
- BNY Mellon has a history of involvement in the cryptocurrency market and will also provide transaction banking services to Ripple.
- This collaboration aims to bridge the gap between traditional finance and cryptocurrencies, targeting institutional-scale digital asset adoption.
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Coindoo
1d
200
Image Credit: Coindoo
New Gold-Backed Crypto Venture Secures Billion-Dollar Funding
- Two firms secure $1.1 billion to challenge established players in the digital asset sector by tokenizing real-world assets.
- Funding includes $100 million in convertible debt and a $1 billion equity credit line for a gold-backed digital finance arm.
- New venture plans to purchase gold directly with its own capital for tokenization on blockchain networks, creating liquidity in-house.
- BioSig and Streamex aim to introduce the first tokenized gold instrument by early 2026, despite BioSig's stock decline after the announcement.
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Coinjournal
1d
98
Image Credit: Coinjournal
XRP price forecast as coins surges 2.19% to $2.33
- Ripple applies for a US banking license and CEO Garlinghouse is shaping national crypto policy, contributing to positive market sentiment.
- XRP price forecast shows an upward bias toward $2.40, with technical indicators indicating bullish momentum.
- Traders are monitoring for a breakout above $2.3531 to confirm bullish continuation and potential targets at $2.38 and $2.40.
- XRP's recent strength is attributed to regulatory clarity, legal victories, policy engagement, and technical improvements, supporting a bullish outlook for XRP's growth.
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NullTX
1d
113
Image Credit: NullTX
PEPE PRICE ANALYSIS & PREDICTION (July 9) – Pepe Brews For a New Wave as Meme Coins Resurges, But Volume Looks Low
- Pepe's market structure has been under bearish territory on the short-term scale, but sentiment is turning positive for meme coins.
- Pepe faced a significant loss but managed to stay above $0.00008 and has since been struggling to recover, with low volatility and buying pressure.
- Bulls are slowly regaining strength, with a potential for a significant increase in price if a strong commitment is shown, aiming to reclaim previous monthly highs.
- Key resistance levels for Pepe include $0.0000116, $0.0000136, and $0.0000163, while key support levels are at $0.0000083, $0.0000076, and $0.000006. Current spot price is $0.00001 with a bearish trend and low volatility.
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Changelly
1d
336
Image Credit: Changelly
Crypto Market Cycles: A Simple Guide for Beginner Traders
- Cryptocurrency market cycles follow repeating phases ranging from accumulation to distribution to downtrend.
- These cycles are driven by changing investor behavior, influenced by emotions like greed and fear.
- Understanding market psychology can help traders navigate different phases and make informed decisions.
- Crypto market cycles differ from traditional markets due to speed, volatility, and sensitivity to news.
- Halvings, supply cuts in Bitcoin every four years, often catalyze major crypto cycles.
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