Massive selling pressure in Bitcoin persists as the BTC price has crashed another 5.5% in the last 24 hours with its price slipping under $56,000. The recent selling pressure comes as Mt. Gox wallets have become active again and started moving Bitcoins. Mt. Gox Wallets Move $2.7 Billion Worth of Bitcoins As per the recent The post BTC Price Slips Under $56,000 As Mt. Gox Wallet Transfers $2.7B In Bitcoins appeared first on CoinGape .
In a significant move, Bitwise has updated its S-1 registration with the U.S. Securities and Exchange Commission (SEC) to propose a spot Ether exchange-traded fund (ETF). This amendment comes on the heels of SEC Chair Gary Gensler’s remarks indicating potential approval for these ETFs by summer 2024, with analysts suggesting a possible timeline as early
Bitcoin has fallen to its lowest point since February, triggering a cascade of liquidations worth hundreds of millions of dollars.
Bitwise has updated the S-1 form for its Ethereum ETF ahead of the deadline, and analysts anticipate a mid-July launch as SEC approval nears.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Oil King Pepe (OILPEPE) presents a similar opportunity for a limited time. Oil King Pepe (OILPEPE), a newly launched Solana memecoin, is poised to explode over 19,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token. OILPEPE will be listed on KuCoin, one of the largest centralized exchanges in the world, within two days – and this is a massively bullish development for the token, as millions of new investors
Ethereum price remained in a bearish zone below $3,250 zone. ETH dived below the $3,000 support and even tested the $2,850 zone. Ethereum started a fresh decline below the $3,120 and $3,000 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,120 zone. Ethereum Price Dives 8% Ethereum price failed to start a recovery wave above the $3,150 and $3,200 resistance levels. ETH started another decline below the $3,120 support zone like Bitcoin. There was a move below the $3,050 and $3,000 support levels. The price declined 8% and even tested the $2,850 support. A low was formed at $2,862 and the price is now consolidating losses. The price is showing a lot of bearish signs and trading well below the 23.6% Fib retracement level of the downward move from the $3,425 swing high to the $2,860 low. Ethereum is trading below $3,000 and the 100-hourly Simple Moving Average. If there is a recovery wave, the price might face resistance near the $2,960 level. The first major resistance is near the $3,000 level. There is also a key bearish trend line forming with resistance near $3,000 on the hourly chart of ETH/USD. The next major hurdle is near the $3,120 level or the 50% Fib retracement level of the downward move from the $3,425 swing high to the $2,860 low. A close above the $3,120 level might send Ether toward the $3,200 resistance. The next key resistance is near $3,250. An upside break above the $3,250 resistance might send the price higher toward the $3,350 resistance zone. More Losses In ETH? If Ethereum fails to clear the $3,000 resistance, it could continue to move down. Initial support on the downside is near $2,850. The first major support sits near the $2,800 zone. A clear move below the $2,800 support might push the price toward $2,720. Any more losses might send the price toward the $2,650 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,850 Major Resistance Level – $3,000
At what point do cryptocurrency investments grow so large that they become irresponsible? That’s the billion-dollar question that you’ll definitely...
Shiba Inu price has the potential to rise to the $0.00018 territory if someone burns 410 trillion SHIB like Ethereum… The post Here’s What Shiba Inu Price Could be If Someone Burns 410T SHIB Like Vitalik first appeared on The Crypto Basic .
# Bitcoin Bounces Back After Dip Below $55,000 In the ever-volatile world of cryptocurrencies, Bitcoin has once again demonstrated its resilience. After a brief dip to $54,999, Bitcoin has rebounded and is currently trading at $55,500. The digital currency’s ability to recover quickly from such fluctuations underscores its strong market presence and investor confidence. Market
**Ethereum Reaches $2890: A Significant Surge in the Crypto Market! 🚀** Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has reached a new milestone, trading at $2890. This significant surge has captivated the attention of crypto enthusiasts and investors worldwide. 🚨🚨🚨 The recent price lift underscores the growing interest and trust in Ethereum’s potential, particularly