Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows that whales haven’t taken part in the latest selloff.
Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows that whales haven’t taken part in the latest selloff.
Bitcoin faces potential selling pressure as the dollar value of long-term holders’ (LTH) BTC exposure declines by billions of dollars. New research from onchain analytics platform CryptoQuant reveals that while speculators are stepping in, seasoned holders are becoming more risk-averse. Bitcoin long-term holders, who have held BTC for 155 days or more, appear to be taking profits amid growing enthusiasm for Bitcoin reaching all-time highs. CryptoQuant analyzed the net position change of LTH entities and found a “sharp decrease” in their BTC exposure. “There has been a recent sharp decrease of $6 billion (from $19 billion to $12 billion) in
MicroStrategy going all in its Bitcoin commitment by hiring manager of Bitcoin Advocacy to drive corporate adoption
The United States, UK, and Australian governments all took aim at ransomware gang Evil Corp as new connections emerge with LockBit.
Pepe October could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe October (PEPEOCTO), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because PEPEOCTO is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe October can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
A crypto legal expert says the U.S. Securities and Exchange Commission’s (SEC) decision to appeal a ruling in the Ripple Labs lawsuit is a huge mistake. The SEC first sued Ripple Labs in December 2020, alleging that the firm was selling the crypto asset XRP as an unregistered security. In October 2023, a judge ruled The post Legal Expert Jeremy Hogan Says SEC’s Move To Appeal Ruling in Lawsuit Against Ripple a Big Mistake – Here’s Why appeared first on The Daily Hodl .
Charles Hoskinson criticizes Solana while praising Sui as a viable alternative. He maintains that Cardano continues to lead in the blockchain sector. Continue Reading: Charles Hoskinson Critiques Solana and Praises Sui Network The post Charles Hoskinson Critiques Solana and Praises Sui Network appeared first on COINTURK NEWS .
Bitcoin and the entire crypto market find themselves at a pivotal moment following several weeks of fluctuating price action. As analysts and investors keep a close eye on market trends, many are optimistic about a potential rally in the coming months. A significant factor influencing this sentiment is the recent entry of US spot exchange-traded
The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment. The market has not been faring any better as it lost nearly 2% in value, wiping nearly $800 million in market cap in the past 24 hours. Related Reading: Market Signals Hint At Bitcoin’s Potential Fall To $52,000—Analyst Lido’s development persists despite the market’s apparent bearishness, the most recent of which might drive retail interest on the platform sky-high. However, with the market acting as a chaotic background for LDO, it might come later than what investors and traders expect. Lido DAO Announces Community Staking Early Adoption Program Yesterday, October 5, Lido’s official X account announced the Community Staking Module (CSM) Early Adoption program designed specifically for solo stakers who want to taste the CSM environment before its initial launch. Introducing the Community Staking Module Early Adoption Program: A Unique Opportunity for Solo Stakers 🌐 Eligible operators can benefit from: 1️⃣ Early access to the CSM mainnet, avoiding competition from large staking entities for ETH allocations. 2️⃣ A reduced requirement of… pic.twitter.com/x6N8oINq9l — Lido (@LidoFinance) October 4, 2024 According to the X post, stakers eligible for the program can enjoy early access to the CSM mainnet, a reduced capital requirement from 32 ETH to just 1.5 ETH, and a potential 2.37x higher reward per ETH. In addition to these benefits, eligible operators are also allowed to run 12 validators. According to Lido’s blog post, the limit will only be lifted after the early adoption phase. To ensure that only solo stakers will have the opportunity to enter the program, Lido has put out specific filtration rules that will check each applicant if they are eligible for the program. This development will ultimately stimulate retail interest in the platform as it lowers the economic barrier to participating in the network. However, its strict rules regarding the eligibility of community members and network users to be part of the CSM Early Adoption Program hinder any potential gain in the long-term of the network as only a handful of users can participate in the reduced financial burden brought by the program. $0.88-$1.13 Range Holds Little Promise For LDO As of writing, the token is struggling to hold the weight of the bearish pressure that has overtaken the market by storm. LDO bulls do not have the same momentum as the bears which may lead to a short to medium-term continuation of the downward trajectory. The token’s relative strength index, however, is hinting a possible reversal in the medium term timeframe which might lead to LDO keeping its current trading range in the next couple of days. Related Reading: Shiba Inu Burn Rate Shoots Up 1,000% – Are New ATH Levels Just Around The Corner? Investors and traders should monitor the broader market’s movement in the coming days as LDO’s correlation with the major cryptocurrencies will play a huge part in its future price movement. Featured image from Pexels, chart from TradingView