Analyst Issues Bitcoin and Ethereum Alerts, Warns of Another Plunge Despite Green Markets – Here Are His Targets

Bitcoin Ethereum  Analyst Issues Bitcoin and Ethereum Alerts, Warns of Another Plunge Despite Green Markets – Here Are His Targets  Balita ng Ethereum ng Bitcoin  A widely followed crypto trader is skeptical of the recent crypto bounce that saw Bitcoin (BTC) and Ethereum (ETH) climb by over 5% each.  Pseudonymous analyst na si Bluntz nagsasabi his 224,500 followers on the social media platform X that the two largest crypto assets by market cap have more downside potential.  Hindi pa rin ako 100% nabenta sa paglipat na ito sa pagiging mababa sa BTC o ETH.  I still think one more leg down needs to happen to complete a (5th) wave of C for BTC and ETH before Ill be happy to call [the] bottoms.  Bluntz applies the Elliott Wave theory in his technical analysis. Based on a chart depicting his forecast of Ethereum going forward, he appears to suggest that ETH is on the verge of completing a five-wave pattern (marked 1, 2, 3, 4, 5) to a price of $1,450.  On Bluntzs chart, the five-wave pattern is nested within a bigger three-wave pattern (identified as A, B, C), which is also on a downward trend.  Pinagmulan: Rekt Capital/X  On what could invalidate his bearish forecasts for both Bitcoin and Ethereum,

2023-08-31Ethereum

Ang DeFi TVL ay Bumaba ng 80% Mula sa 2022 Highs, Posible Bang Magbalik?

Noong 2021, ang decentralized finance (DeFi) space ay nakaranas ng explosive growth na humantong sa mabilis na pagtaas ng total value locked (TVL). Ang TVL ay patuloy na lalago hanggang 2022 at mapanatili ang isang disenteng antas kahit na sa pamamagitan ng unang bear market na na-trigger ng pagbagsak ng Terra. Gayunpaman, ang mga araw ng kaluwalhatian ay mahaba na ngayon at ang DeFi TVL ay halos hindi na napigilan, upang sabihin ang hindi bababa sa.  Ang DeFi TVL ay Bumagsak ng 78% Sa Isang Taon  Ang Enero 2022 ay malamang na isa sa mga pinakamahusay na buwan para sa DeFi TVL nang tumaas ang sukatan sa pinakamataas na antas nito. Sa puntong ito, mayroong mahigit $212 bilyong halaga ng mga token na naka-lock sa ibat ibang desentralisadong mga protocol sa pananalapi.  Gayunpaman, ang parehong buwan ay magtatala ng isa sa pinakamalaking pag-crash sa TVL nang bumagsak ito sa $159 bilyon noong Enero 31, 2023. Ang pag-crash na ito ay nagmarka ng pagtatapos ng isang panahon para sa sektor dahil ang TVL ay patuloy na bumagsak sa buong taon 2022, na pinalala sa pamamagitan ng mga pag-crash ng mga tulad ng Terra at Celsius, at kalaunan ay FTX.  Fast forward sa 2023 at ang

2023-08-31Industriya

USDC stablecoin dominance declining on Ethereum

Since the beginning of the year, Circle and its USDC stablecoin have seen a decrease in dominance on the Ethereum blockchain reflecting a downsizing for the cryptocurrency pegged to the value of the dollar.  Industry leader Tether and its flagship product USDT have seen an opposite trend to USDC since January with several on-chain data points on the rise.  The hope for the industrys second-largest stablecoin by market capitalization is that future updates and growth in the DeFi world can bring back investor interest.  Buong detalye sa ibaba.  The dominance of the USDC stablecoin is descending on the Ethereum network: meanwhile, Tether (USDT) reinforces its hegemony  The USDC stablecoin of issuer Circle is having a really tough time with investors gradually abandoning the cryptocurrency in the Ethereum blockchain and moving to competitor USDT or directly into FIAT.  After two years of fire in which throughout 2020 and 2021 the stablecoin won the markets respect by gaining more than $37 billion in market capitalization, here it is for much of 2022 and all of 2023 the trend has reversed sharply.  As of the end of February 2022 USDC has seen about $23.5 billion evaporate, equivalent to nearly 50% of its countervalue.  By contrast, since the beginning of the year,

2023-08-31Ethereum

Hinaharap ng Bitcoin ang Bearish na Aktibidad Sa $28K Bilang Mga Kita ng Whales Eye – Magpapalitaw ba ang Presyo ng BTC ng Alon ng Aktibidad sa Pagbebenta?

Just when Bitcoin enthusiasts thought they were riding a wave to new heights, the cryptocurrency hit a snag at the $28,000 mark. After a bullish run that saw Bitcoin break out from a $26,000 consolidation phase, the digital asset is now facing a bearish reversal. Additionally, Bitcoin saw a surge in accumulation just hours prior to Grayscales victory over the SEC. Now, it appears that investors are scouting for opportunities to sell and capitalize on the profits generated by this rally.  Bitcoin Faces Profit-Booking Sentiment Among Whales  After Grayscale‘s legal win against the SEC, which fueled hope for the approval of spot Bitcoin ETFs, BTC’s price soared from $26,000 to nearly $28,184. However, this bullish surge was fleeting, as Bitcoin quickly encountered resistance at these higher levels, resulting in a 2% decline.  Per data from Santiment, holders of wallets with a balance ranging from 10 to 10,000 BTC accumulated an impressive $388.3 million, or 14,596 BTC, just hours prior to the announcement. According to IntoTheBlock, the number of large transactions has increased from 9.27K to 16.49K after the BTC price traded above $27K yesterday.  However, this spike in large transactions is not necessarily a bullish indicator; rather, it has contributed to creating bearish pressure

2023-08-31Bitcoin

Analysis Company Reveals Latest Price Predictions for Bitcoin and Ethereum: Here Are The Predictions For January And March

Matt Hu, CEO of cryptocurrency research firm Blofin, shared his views on the future price movements of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization.  Blofins Bitcoin Forecast  Hu analyzed potential scenarios for the first quarter of 2024, taking into account various factors such as Bitcoin ETFs, Bitcoin halving, Ethereum Cancun boost and P/E ratios.  According to Hu, Bitcoins price in March 2024 could potentially exceed $50,000 if there are positive developments such as the launch of spot Bitcoin ETFs and the halving event, which will reduce the supply of new BTC.  However, if interest rates remain high and there are no positive catalysts, Bitcoin could fall below $25,000.  Here are Blofins BTC price predictions according to scenarios:  1- If investors do not have higher expectations about cryptocurrencies,  BTC dominance is around 50%: Ideal price is $21,500-$28,600  If BTC dominance increases to 60%: Ideal price $25,800-$34,300  2- If Spot Bitcoin ETFs Are Launched  BTC dominance around 50%: Ideal price is $38,500-$41,173  If BTC dominance increases to 60%: Ideal price $46,300-$49,400  3- If liquidity returns with spot Bitcoin ETFs, Bitcoin halving etc. when events happen  BTC dominance around 50%: Ideal price above $43,700  If BTC dominance rises to 60%: Ideal price is around 52,500  Blofins Ethereum Forecast  Hu also made price predictions for Ethereum, which

2023-08-31Ethereum

ApeCoin: Bakit nananatiling malamang ang karagdagang pagkalugi

ApeCoin [APE] rallied by close to 9% on Tuesday during the time the entire crypto market saw a bounce in prices. While the on-chain metrics gave divergent signals, the price charts showed that bears remained dominant.  Is your portfolio green? Check the ApeCoin Profit Calculator  For ApeCoin, the higher timeframe market structure was firmly in favor of the sellers. The psychological $1.5 resistance has held firm over the past week. The Fibonacci extension levels have been respected so far, and showed a move toward $1.2 is likely.  A retest of $1.55 before another leg downward was a possibility APE traders can watch out for  Pinagmulan: APE/USDT sa TradingView  In mid-August, ApeCoin fell from $2.216 to $1.66. A set of Fibonacci retracement and extension levels (pale yellow) was plotted based on this move. The bearish pressure over the past two weeks saw APE continue its descent below $1.66.  The 61.8% extension level at $1.37 was tested on 17 August when APE prices briefly dropped as far south as $1.345. In the two weeks since, the $1.5-$1.55 area served as support for a couple of days but was flipped to resistance on 21 August.  The OBV has been in a downtrend over the past week, even though the RSI

2023-08-31Industriya

Nagsisimulang Mag-alok ang mga Ethereum Client ng Holesky Testnet Releases

Ang kliyente ng Ethereum na si Nethermind noong Miyerkules ay nagsabi na naglabas ito ng update para sa mga validator na kliyente at node operator upang epektibong mag-update sa paparating na Holesky testnet. Samantala, ang mga kliyente ng Ethereum ay nagsimulang mag-alok ng mga update bilang tugon sa paglulunsad ng Holesky testnet noong Setyembre 15, na nagmamarka ng isang makabuluhang hakbang sa ebolusyon ng Ethereum.  Ang Ethereum Client ay Naglabas ng Major Upgrade Para sa Holesky Testnet  Ethereum execution layer client Nethermind pinalaya ang v1.20.2 upgrade para sa paparating na Holesky testnet launch sa Setyembre 15 sa 14:00 UTC. Ang Holeskey testnet ay nakatakdang palitan ang matagal nang Goerli testnet.  Live at handa na ang Nethermind client v1.20.2 para sa paparating na paglulunsad ng Holesky!  ???? Ang Holskey testnet, na nakatakdang palitan si Goerli, ay ilulunsad sa Setyembre 15, 2023 sa 14:00 UTC  — Nethermind (@NethermindEth) Agosto 30, 2023  Ayon sa mga developer ng Ethereum, ang Holesky ay ang unang matagal na, merged-from-genesis, public Ethereum testnet. Papalitan ni Holesky si Goerli bilang staking, imprastraktura, at protocol-developer testnet.  Para magamit ang Nethermind sa bagong chain na ito, kailangang magpatakbo ng ibat ibang config ang mga user para sa Snap Synced node at archival mode setup. Pagkatapos ay sundan

2023-08-31Industriya

Large XRP Transfers Detected...XRP Crash Soon?

In recent events, two unidentified entities (often referred to as “whales” in crypto parlance) moved an astonishing 850 million XRP from the EU-based Bitvavo cryptocurrency exchange. Balyena Alert, a crypto tracking service, noticed the massive transfers; the first happened on Friday, and the second followed shortly after.  XRP Transfers Nakita  Two significant transfers were noted. The first one involved 425,118,503 XRP, equivalent to roughly $224.9 million. A similarly large amount of XRP (around 425.9 million coins) was moved from Bitvavo on Friday, August 25. In total, over 950 million XRP, close to a billion, was shifted to undisclosed digital wallets from the Bitvavo platform.  Why were XRP Tokens Moved?  Though the amounts being moved raised eyebrows, insights from the XRP-focused Bithomp platform reveal a different story. Both huge XRP transfers apparently went to addresses linked to Bitvavo. This suggests that Bitvavo might simply be reallocating its XRP holdings among its internal wallets.  Another Major Movement  Whale Alert also identified another significant transfer, but this one was directed to a different major EU exchange, Bitstamp. Around 28.4 million XRP (worth about $14.9 million) was deposited, likely in preparation for a sale.  Whats Happening to XRP?  Amid these large transfers, XRPs price experienced a slight dip, declining by approximately 2.34%

2023-08-31Industriya

Sinabi ng mga Abugado ng Bankman-Fried na Nilalabag ang Kanyang Ika-anim na Mga Karapatan sa Pagbabago

Ang depensa ni Bankman-Fried ay naninindigan na ang kawalan ng tamang paghahanda at pagtatanggol sa pagsubok ay resulta ng kanyang pagkakakulong nang walang internet access.  Eleanor Terrett, isang kasulatan sa , may iniulat sa patuloy na legal na labanan na nakapalibot sa paghahanda sa pagsubok ng dating FTX CEO.  Sa X platform, itinampok ni Terrett ang isang paghahabol na ginawa ng abogado ni Bankman-Fried, na iginiit na ang kanyang mga karapatan sa Ika-anim na Pagbabago ay nilabag dahil sa hindi sapat na kahandaan sa pagsubok sa ilalim ng kasalukuyang mga kundisyon.  Sa isang liham na itinuro kay US Judge Lewis Kaplan, ang kanyang legal na koponan ay humiling ng isang internet-enabled na laptop at access sa isang federal courthouse cellblock sa loob ng limang araw bawat linggo na humahantong sa paglilitis sa Oktubre.  Ang depensa ay umabot na sa paghingi ng pagpapalaya kay Bankman-Fried sa kustodiya ng kanyang mga magulang upang mapadali ang sapat na kahandaan sa pagsubok.  ????BAGO: @SBF_FTX Hinihiling ng mga abogado kay Judge Kaplan na palayain si SBF sa kustodiya ng kanyang mga magulang para makapaghanda siya ng sapat para sa paglilitis.  Hinihiling namin sa korte na payagan si Mr. Bankman-Fried na ma-access ang abogado at ang materyal na maaaring magawa sa pamamagitan

2023-08-31Industriya

Experts say Coinbase is about to suffer because of Bitcoin

While the cryptocurrency world rejoices over Bitcoin‘s recent win with Grayscale’s court victory against the SEC, skeptics scrutinize the after-effects this could have on Coinbase, Americas premier crypto exchange.  As the financial tides shift, these experts are sounding the alarm, warning of potential challenges that may loom for the leading exchange.  Coinbases Potential Hurdle: A Double-Edged Sword?  The courts decision in favor of Grayscale, allowing it to convert its popular bitcoin trust (GBTC) into an ETF, has undeniably sparked excitement among many.  Bitcoin, the star cryptocurrency, witnessed a 7% rise following the announcement, affirming the markets anticipation. However, amidst these celebrations, the bigger question emerges: Where does this leave Coinbase?  To the untrained eye, this victory might seem like a boost for the exchange. A potential increase in crypto prices could, after all, translate to heightened activity on Coinbase‘s platform. Yet, the financial experts aren’t convinced.  The introduction of a spot bitcoin ETF in the U.S market could revolutionize how investors approach Bitcoin. Instead of directly trading on Coinbase, they might flock towards ETFs, viewing them as the more desirable route to gain exposure to the crypto market.  Such a shift could severely dent Coinbase‘s trading volumes. Not to mention, a staggering 40% of Coinbase’s transaction revenue

2023-08-31Bitcoin
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