Author: cointechies

U.Today – Recent price movements highlight how difficult it is to reach the elusive $100,000 threshold. Due to the massive market liquidation that totaled $1.58 billion in the final day, Bitcoin was unable to maintain its momentum above this important psychological threshold. Short-term corrections remain subdued, even though the long-term outlook for this asset remains promising. The main factor in this setback was liquidation. Over-leveraged positions, especially in Bitcoin, have forced market corrections. As evidenced by the $172 million worth of Bitcoin liquidations alone, selling pressure from leveraged longs is creating a difficult environment for further gains. The dangers of…

Check the latest information in Spanish. Anthony Scaramucci, the founder and management partner of Skybridge Capital, has recently shared an insight on Bitcoin (BTC) on a widespread cryptocurrency market. Scalamucci gave a lecture at Bitcoin MENA 2024 conference and predicted that China would be likely to establish a bitcoin strategic reserve in 2025. Mr. Scalamucci, China is expected to follow US bitcoin strategies Former White House Communications Director predicted that China would return to BTC mining after full ban for many years. In addition, the Americans said that China would be more likely to create a BTC strategy reserve next…

Bitcoin price continues to find support above the $94,200 zone. BTC has formed a base and could start a new rally above the $98,000 resistance. Bitcoin has started a new decline below the $98,000 support zone. The price is trading below the 100-hour simple moving average at $97,500. There is a significant bearish trendline forming resistance at $97,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could regain momentum if it closes above the $98,000 resistance zone. Bitcoin price remains above support Bitcoin price extended its losses below the $98,000 support zone. There was…

Ripple CEO stated that the RLUSD stablecoin has received final approval from NYDFS. Whales transferred over 2.66 billion XRP tokens to Binance last month. XRP could retest the $3 psychological level after rallying nearly 7% following Ripple’s announcement. Ripple CEO Brad Garlinghouse announced on Tuesday that the company has received the green light from the New York Department of Financial Services (NYDFS) to launch its stablecoin RLUSD. Despite on-chain data showing a huge supply pool flooding the Binance exchange, XRP rose nearly 7% after the announcement. RLUSD goes live after New York regulatory approval, whale supply hits Binance Ripple's stablecoin…

Ethereum (ETH) recently tested the $4,000 resistance level, an important psychological price mark for the cryptocurrency, resulting in a continued decline in price. Amid this correction, investor bearishness towards Binance has surfaced. A recent analysis by CryptoQuant analyst Darkfost highlighted a key trend: Binance’s buy/sell ratio to Ethereum “quickly turned negative” at $4,000. This suggests that traders on the exchange are primarily adopting a selling stance. Ethereum tug of war According to Dirkforst, the bearish sentiment towards Binance has been ongoing since early November and coincides with Ethereum approaching this critical resistance level. Analysts note that while this bearish sentiment…

$813 million was liquidated in 60 minutes and $1.7 billion disappeared in 24 hours. The main charts I personally look at during volatile times are OTHERS, TOTAL, and USDT Dominance (USDT.D). How to position your portfolio during volatile moments to suit your trading style. $63,000 profit! David's story is as follows First of all, I would like to give a big shout out to one of the members of Empire Crypto Trading, David G, for his incredible turnaround. He lost 37,000 USD and went from having 7,000 USD left to 70,000 USD to 63,000 USD. Here's what David had to…

The cryptocurrency will be used to reward reviewers for an experimental title called ResearchHub Journal.Credit: bizoo_n/GettyOne experimental journal pays reviewers the equivalent of $150 per review in a specially developed cryptocurrency. This publication is hosted on a platform aimed at making science more open and efficient, and participating in content rewards users with tokens called ResearchCoins.The platform, called ResearchHub, was launched in 2020 and is backed by billionaire entrepreneur Brian Armstrong, who created Coinbase, the largest cryptocurrency exchange in the United States.”It's a strange quirk of history that reviewers are not paid. What they do is valuable, and we should…

Crypto lobby targets SEC’s Crenshaw ahead of Senate committee vote  Fox Business

Important points MicroStrategy will join the Nasdaq 100 index, with an official announcement scheduled for December 13th. With MicroStrategy's inclusion in the Nasdaq 100 index, purchases of ETF shares could reach $2.1 billion. Share this article MicroStrategy is scheduled to join the Nasdaq 100 Index on December 23rd, with an official announcement scheduled for this Friday, December 13th.The Nasdaq 100-tracking ETF is expected to buy $2.1 billion worth of MicroStrategy stock, about 20% of the company's daily trading volume, according to Bloomberg ETF analyst James Seifert.James Seifert AnalysisThe company is likely to have a 0.47% weight in the Nasdaq 100…

Eric Trump says his father will be most pro-crypto president in history  The Hill