Author: cointechies
Bitcoin (BTC) has shown great momentum so far this market cycle, but recent insights suggest liquidity sources other than Coinbase may be driving the trend. CryptoQuant analyst Mignole provided an in-depth analysis of the Bitcoin market in particular, highlighting the role of major exchanges such as Coinbase and Binance in the ongoing bullish cycle. Liquidity dynamics and the changing role of exchanges In a recent post on the CryptoQuant QuickTake platform titled “Coinbase’s dominance remains low,” Mignole considered the trajectory of Coinbase’s influence on Bitcoin price movements. The analyst emphasized that Coinbase played a key role in the early stages…
Important points Vancouver City Council has approved a motion to make the city “Bitcoin friendly.” Mayor Sim has advocated for Bitcoin as a way to protect the city's purchasing power from inflationary pressures. Share this article Vancouver City Council has given the green light to a proposal to consider incorporating Bitcoin into city finance operations, including the possibility of holding Bitcoin as a reserve asset and accepting it for payments.The motion, introduced by Mayor Ken Sim, was passed with the support of six councilors at Wednesday's City Council meeting, effectively ordering city staff to consider the feasibility of making Vancouver…
Bitcoin price continues to find support above the $95,500 zone. BTC has risen over 5% and is currently trading above the $100,00 resistance zone. Bitcoin has started a new rally above the $97,500 zone. The price is trading above $98,800 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), the pair broke above the major bearish trend line with resistance at $97,500. The pair is likely to correct some gains before attempting to break above the $102,000 resistance zone. Bitcoin price regains strength Bitcoin price has formed a base and started…
Crypto Myth Debunked? There’s No Evidence China Owns 194,000 Bitcoin Bitcoin.com News
US Supreme Court bucks Nvidia’s appeal to dismiss crypto class suit Cointelegraph
Andreessen Crypto Policy Lead Quintenz in Running for CFTC Chair Bloomberg
Caroline Crenshaw’s renomination vote postponed, as crypto industry pays keen attention on voting procedures FXStreet
The U.S. Senate has postponed a vote on the reappointment of SEC Commissioner Caroline Crenshaw. This decision resulted from compliance issues with procedural rules caused by changes in the initial timing of voting. Congress is scheduled to adjourn for the rest of the year in seven days, so the Senate must vote on Crenshaw's nomination again within the week. Wednesday's Senate vote on the reappointment of Securities and Exchange Commission Commissioner Caroline Crenshaw was postponed due to a conflict with procedural rules related to changes in the original schedule. Senate vote on Caroline Crenshaw's renomination postponed After a long day…
XRP investors realized nearly $800 million in gains on Wednesday following a recent 20% rally. Options traders are bracing for the possibility of XRP reaching the $5 level. If XRP crosses the upper limit of the flag channel, it could rise to $4.75. Ripple’s XRP continues to rise on Wednesday, looking to test the upper bound of a major flag channel. Following the recent price rally, investors booked nearly $800 million in profits and options traders bet that the remittance-based token would reach the $5 level. XRP Options Signals Bullish Momentum as Investors Take Profit XRP has soared more than…
Check out the latest information in Spanish. Cryptocurrency analyst Dark Defender has revealed a target to keep an eye on as the XRP price aims to hit a new all-time high (ATH). The analyst made this prediction based on wave analysis that showed that XRP remains bullish. XRP price reaches new ATH at $5.85 In the X post, Dark Defender predicted that the XRP price could reach the new ATH of $5.85 based on ABC wave analysis. The analyst said that XRP set up the ABC wave when the cryptocurrency was in the A wave. He further noted that XRP…