Crypto market's flat trend pushes investors to seek indicators. Two altcoins show potential for an upcoming short squeeze. Continue Reading: Insights on Potential Short Squeezes in Crypto Market
The post BEFE Coin Poised for Remarkable Growth: Could Reach $0.01 appeared first on Coinpedia Fintech News BEFE Coin is all heated up with a northbound move, suggesting the most promising signs for excellent growth. According to market analysis and prediction, this cryptocurrency may hit the $0.01 figure pretty soon. This rise further highlights the rapidly growing acceptance and potential of the currency by traders, drawing interest from investors for its development. …
Shiba Inu Price Prediction 2024-2033 Let’s walk through Shiba Inu’s tracks through time to help decide whether SHIB is an excellent addition to your crypto portfolio. Let’s see what Elon Musk will do to help push the meme coin. After our walkthrough of the Shiba Inu price predictions, we will hopefully be more aware of
According to Nikita Ovchinnik, founder of Barter Defi, decentralized finance (defi) protocols are increasingly becoming the primary target of most hacking attacks because defi “lays bare its inner workings for all to see.” He said the open-source nature of defi means hackers and malicious actors have ample time to study and identify weaknesses or vulnerabilities
The cryptocurrency market is buzzing as a new player, BlastUP, makes a remarkable entry. Surpassing
Custodia Bank has officially expressed its desire to appeal the US District Court ruling in Wyoming, which supported the decision of the Federal Reserve Bank of Kansas City (FRBKC) to deny the crypto bank a master account. This move is part of Custodia’s continued efforts to secure direct access to the Kansas City Fed’s payment
A bull flag recently formed on the Bitcoin chart, raising the possibility of a trend reversal soon enough as the flagship crypto makes significant moves to the upside. This crypto analyst suggests that the crypto could rise to as high as $100,000 when it makes that move. Related Reading: Is SUI Sinking? TVL Tanks As Crypto Price Fails To Keep Afloat Bitcoin’s Bull Flag Suggests More Upside Denis Baca, Head of Product at Zivoe Finance, noted that the bull flag formation on Bitcoin’s daily chart historically suggests that the crypto token is primed for more upsides. He added that the bullish pattern is “shaping up nicely” and that Bitcoin could potentially shoot up towards $100,000 once the declining volume picks up. However, Baca further suggested that Bitcoin could drop below $60,000 before it makes such a parabolic move. He alluded to how the crypto token historically retests the support level of the 20-week SMA (small moving average) in May. This could cause Bitcoin to drop to $56,000, he claimed. Total crypto market cap currently at $2.2 trillion. Chart: TradingView Baca opined that such price dips could be “healthy” for Bitcoin before it experiences a reversal. He elaborated that these dips “offer solid buying opportunities,” which could help spark Bitcoin’s move to record highs. Crypto analyst Mikybull Crypto also shared his thoughts on what this bullish pattern could mean for Bitcoin. On his part, he suggested that the formation further proves the continuation of Bitcoin’s bull run and that a bearish reversal was unlikely. #Bitcoin on a daily chart forming a bull continuation pattern. According to Wyckoff’s law of cause and effect “the longer the consolidation, the more explosive the markup will be” pic.twitter.com/ArH0lNnyc2 — Mikybull 🐂Crypto (@MikybullCrypto) April 26, 2024 He also hinted that the next leg up could be massive as he alluded to Wyckoff’s law of cause and effect, which states that “the longer the consolidation, the more explosive the markup will be.” Bitcoin Needs A Catalyst To Spark This Upward Trend Andrey Stoychev, Head of prime brokerage at Nexo, remarked that any potential price rise for Bitcoin is unlikely to be realized without a catalyst. He noted that the flagship crypto token has managed to build resilient support at $64,000, but without any catalyst, it will merely continue to trade around the $67,000 range. It is worth noting that the Spot Bitcoin ETFs, which previously served as a major catalyst to Bitcoin’s price surges, have recently suffered from declining demand. They have also experienced significant net outflows this month, leading to a wave of Bitcoin sell-offs from the fund issuers to fulfill redemptions. Related Reading: Analysts Call It: XRP Primed For A 700% Surge – Details Despite this, Stoychev is positive that Bitcoin won’t drop below $60,000. He predicts that the only thing that can cause Bitcoin to retrace to such a level is if high interest rates are maintained longer than expected, as this can affect sentiment toward crypto assets. At the time of writing, Bitcoin is trading at around $62,900, down over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from TradingView
ACINQ, a company that makes Phoenix Wallet, reported that it is ending its operations for U. S. customers because of uncertain regulatory requirements. Phoenix Wallet, an app used by Americans, will cease being available on iOS and Android stores as of May 3rd, 2024, demanding reaction from the customers and others who have their assets
The post Bitgert Coin Price Could Skyrocket +2000% if Major Partnership is Announced appeared first on Coinpedia Fintech News Getting profit from the cryptocurrency ecosystem entails having a good strategy to make that possible. These strategies involve setting up pretensions, having an investment plan that could be long term or short term and making the right choice of cryptos to buy. Choosing the right coin to buy can be a veritable tasking duty for …
The top crypto prices today registered a bearish turn as the Bitcoin (BTC) price slumped below the $63,000 level. Whilst, the Ethereum (ETH) price inched closer to drop below the $3,100 mark. Moreover, other top altcoins, such as Solana (SOL), XRP and Cardano (ADA) also lost significant value. Major Crypto Prices Today 1. Bitcoin Price The post Crypto Prices Today April 27: Bitcoin At 62K, ETH Drops, SOL & XRP Lose Momentum appeared first on CoinGape .