In the volatile world of cryptocurrency, technical indicators serve as crucial tools for traders aiming to predict market movements. One such indicator, the death cross, has recently emerged as a focal point for Bitcoin markets. This phenomenon occurs when a short-term moving average, typically the 50-day, crosses below a long-term moving average, such as the
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Recent on-chain data from Glassnode has shed light on the doubts expressed by Bitcoin investors regarding the cryptocurrency’s short-term prospects. The declining exchange-related on-chain volumes indicate a sense of caution among market participants, reflecting a lack of conviction in the immediate future of Bitcoin. This trend suggests that investors are taking a step back and
HIVE Digital Technologies Ltd. recently announced a correction to their HODL value in their unaudited production results for August 2024. The correct HODL balance as of August 31, 2024, was 2,567 Bitcoins, not the previously reported 2,533 Bitcoins. This correction also impacted the value of the Bitcoins, which was actually over $151 million, not the
Bitcoin’s price has surged recently, reflecting a broader rally in risk-driven markets like stocks. However, this increase comes amidst a fragile market condition, with the cryptocurrency still recovering from steep losses in the previous week. The strength of the dollar, driven by a robust consumer price index inflation reading, has also limited overall gains in
The recent unveiling of the Mineral Vault fund by Plume Network signifies a pivotal moment in the world of asset management, particularly within the energy sector. Positioned as the first modular Ethereum Virtual Machine (EVM) chain dedicated to the tokenization of real-world assets (RWAs), Plume Network is carving out a niche that resonates with both
MicroStrategy CEO Michael Saylor has never been one to shy away from making bold predictions about the price of Bitcoin. In a recent interview with CNBC, Saylor stated that he believes Bitcoin is ultimately destined for a valuation of at least $13 million. This prediction, while not the first of its kind from Saylor, still
The recent price movement of Dogecoin has shown signs of recovery, with the price slowly approaching $0.10. This steady increase is seen as a positive development for the meme-based cryptocurrency, as it breaks through the resistance levels around $0.09. The market dynamics have also shifted slightly in Dogecoin’s favor, with increased social media activity and
Bitcoin saw a rise in its price on Tuesday, signaling a rebound after experiencing steep losses the previous week. Bargain buyers entered the cryptocurrency markets, taking advantage of the lower prices. Despite this, the rebound was limited due to the anticipation of key U.S. inflation data expected later in the week. Additionally, sustained capital outflows
The emergence of Credit Coop, a new private credit platform, is a significant development in the Web3 ecosystem, as it aims to support the growth of cryptonative businesses by offering innovative financing solutions. Traditional financing models have long been inadequate for the unique needs of companies operating in the Web3 space, with over-collateralization requirements and
A recent analysis by on-chain analytics firm IntoTheBlock has revealed some interesting insights into Bitcoin’s historical cycles. According to the analysis, there is a pattern that suggests a significant rally might be on the horizon for 2025. Historically, the average duration between Bitcoin’s halving events and the subsequent peak is approximately 480 days. This pattern