Qubetics is predicted to grow by 2000%. Meanwhile, Ondo is expanding in Turkey, and Skygate is transforming the aviation industry. The post Qubetics: Analyst Forecasts 2000% Growth Surge while Ondo Expands into Turkey and Skygate Transforms Aviation appeared first on TheCoinrise.com .
As of October 6, data from Coinglass reveals that the total open interest in Bitcoin futures contracts has reached a substantial 522,600 BTC, equivalent to approximately 32.477 billion USD. This
Vitalik Buterin has once again donated 100 Ether, around valued at $240,000, to Tornado Cash developer Storm’s legal defense fund. The post Vitalik Buterin Donates Another 100 ETH to Tornado Cash Developer’s Legal Defense appeared first on TheCoinrise.com .
The Bitcoin price has somewhat slowed down this weekend, failing to capitalize on its resurgent momentum from Friday, October 4. The premier cryptocurrency continues to hover around the $62,000 mark, reflecting a mere 0.3% decline in the last 24 hours. Recent on-chain data suggests that the price of Bitcoin might continue to turn in a sluggish performance, as short-term holders remain under pressure. Specifically, the market leader continues to trade under the realized price of short-term holders (STH). What Does This Mean For Bitcoin Price? In a recent post on the X platform, crypto analyst Ali Martinez revealed $63,000 as the realized price for Bitcoin short-term holders, explaining the relevance of this level to the asset’s long-term health. For context, the short-term holder realized price is a metric that measures the average price at which short-term investors purchased their BTC. Related Reading: Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable? When the spot value of Bitcoin is higher than the short-term holders’ realized price, it indicates that most recent investors are in the green. Typically, this encourages the traders to buy more coins, precipitating a positive market sentiment and potentially triggering an upward price movement. On the other hand, a fall beneath the STH realized price implies that most short-term holders are in unrealized loss. In this scenario, some investors may look to cut their losses by offloading their holdings, leading to downward pressure on price and further sell-offs. According to Martinez, Bitcoin has been trading beneath the short-term holders’ realized price since June. With the current STH realized price at $63,000, the premier cryptocurrency appears to be at risk of further decline, especially in the short term. BTC Holder Behavior Similar To 2016 And 2020 The overall outlook for Bitcoin’s price in the last quarter of 2024 has been quite positive. CryptoQuant revealed in its latest weekly report that the behavior of Bitcoin holders in the current cycle mirrors the 2016 and 2020 halving years, indicating a potential price growth for the market leader. Related Reading: Similarities Between October 2023 And 2024 Suggests The Bitcoin Price May Still Experience ‘Uptober’ The on-chain analytics firm highlighted that the short-term Bitcoin supply increased following the launch of spot exchange-traded funds (ETFs) in early 2024. Although a cooling period followed after this spike, CryptoQuant pointed out that another rise in short-term supply could occur — if historical trends hold. Featured image created by Dall.E, chart from TradingView
Shiba Inu not going through its best times as it might exit the trillionaire club once again
Starting in the 2010s, blockchain technology, NFTs, and AI have become hot topics in the art world, intersecting in unexpected ways.
Starting in the 2010s, blockchain technology, NFTs, and AI have become hot topics in the art world, intersecting in unexpected ways.
Coinbase is strategically leveraging the SEC’s ongoing legal battle with Ripple as a cornerstone of its appeal. The exchange’s legal argument hinges on the classification of cryptocurrencies and their implications
Bitcoin stabilizes around $62,000 while market trends are assessed. Geopolitical risks and labor market strength influence cryptocurrency volatility. Continue Reading: Market Analysts Evaluate Bitcoin and Altcoin Trends The post Market Analysts Evaluate Bitcoin and Altcoin Trends appeared first on COINTURK NEWS .
Coinbase has cited SEC's most recent move against Ripple to bolster case for its interlocutory appeal