ETH Daily Technical Outlook:
$ETH closed with a dragonfly doji and we should see more bullish pressure from here. However, I’ll be carefully monitoring the price action from the intraday chart to get another quick scalp although securing the current trade will be my priority.
$ETH closed with a dragonfly doji and we should see more bullish pressure from here. However, I’ll be carefully monitoring the price action from the intraday chart to get another quick scalp although securing the current trade will be my priority.
BTC Daily Technical Outlook:
$BTC closed slightly bullish and we should see more bullish pressure before getting a decent pullback. I’ll pay more attention to the intraday chart formation tomorrow to get another scalp once our current trade is secured.
$BTC closed slightly bullish and we should see more bullish pressure before getting a decent pullback. I’ll pay more attention to the intraday chart formation tomorrow to get another scalp once our current trade is secured.
ZachXBT says CoinSpot wallets appear to have lost around $2 million of crypto in possible hack
tldr; According to blockchain sleuth ZachXBT, two wallets connected to Australian crypto exchange CoinSpot have been drained of funds worth around $2 million in a possible hack. The transactions involved the transfer of 1,262 ETH to an attacker's address and the subsequent swapping of the coins for wrapped bitcoin, USDC, and USDT. CoinSpot has not yet responded to the incident.
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tldr; According to blockchain sleuth ZachXBT, two wallets connected to Australian crypto exchange CoinSpot have been drained of funds worth around $2 million in a possible hack. The transactions involved the transfer of 1,262 ETH to an attacker's address and the subsequent swapping of the coins for wrapped bitcoin, USDC, and USDT. CoinSpot has not yet responded to the incident.
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Crypto banking app Bitwala relaunches via new partnership with Striga
tldr; Crypto banking app Bitwala is relaunching operations under its original name, in partnership with banking infrastructure company Striga. Striga will provide Bitwala with "Banking and Crypto-as-a-Service," allowing the app to offer trading and card-issuing functionality. Bitwala, formerly known as Nuri, filed for insolvency in 2022 but is now accessible in 29 countries within the European Economic Area. Future plans include integrating the Lightning Network and introducing a crypto-backed Visa debit card. The relaunch marks a major milestone for Bitwala, which has faced challenges since its founding in 2015.
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tldr; Crypto banking app Bitwala is relaunching operations under its original name, in partnership with banking infrastructure company Striga. Striga will provide Bitwala with "Banking and Crypto-as-a-Service," allowing the app to offer trading and card-issuing functionality. Bitwala, formerly known as Nuri, filed for insolvency in 2022 but is now accessible in 29 countries within the European Economic Area. Future plans include integrating the Lightning Network and introducing a crypto-backed Visa debit card. The relaunch marks a major milestone for Bitwala, which has faced challenges since its founding in 2015.
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BTC Daily Technical Outlook:
$BTC closed indecisively and we need one more bullish candle to avoid the fakeout. I’ll focus on the intraday chart tomorrow to get another scalp once our current trade is secured.
$BTC closed indecisively and we need one more bullish candle to avoid the fakeout. I’ll focus on the intraday chart tomorrow to get another scalp once our current trade is secured.
ETH Daily Technical Outlook:
$ETH closed green but it still closed indecisively. We need a further bullish and healthier candle to get an upside rally towards $2,050. I’ll carefully monitor the price action on the intraday chart to get another quick scalp.
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$ETH closed green but it still closed indecisively. We need a further bullish and healthier candle to get an upside rally towards $2,050. I’ll carefully monitor the price action on the intraday chart to get another quick scalp.
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62% of Funded Blockchain and Web3 Companies Attract Fewer Than 100 Monthly Organic Visitors
tldr; 62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
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tldr; 62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
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Wild Bitcoin, Ether Price Swings Spur $400M of Crypto Liquidations, the Most Since August
tldr; The article discusses the recent wild price swings in Bitcoin and Ethereum, which resulted in over $400 million of open trades being liquidated. This is the highest amount of liquidations since the crash in August. The price swings occurred as Bitcoin surpassed $37,000 and Ethereum reached above $2,000, fueled by optimism over ETFs and institutional interest in cryptocurrencies. The volatile period led to a significant wipeout of leveraged positions, with $241 million of short positions and $200 million of long positions being liquidated. This marked the largest amount of liquidations in a day since August. Open interest for crypto derivatives also decreased as traders closed their leveraged positions.
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tldr; The article discusses the recent wild price swings in Bitcoin and Ethereum, which resulted in over $400 million of open trades being liquidated. This is the highest amount of liquidations since the crash in August. The price swings occurred as Bitcoin surpassed $37,000 and Ethereum reached above $2,000, fueled by optimism over ETFs and institutional interest in cryptocurrencies. The volatile period led to a significant wipeout of leveraged positions, with $241 million of short positions and $200 million of long positions being liquidated. This marked the largest amount of liquidations in a day since August. Open interest for crypto derivatives also decreased as traders closed their leveraged positions.
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XRP Daily Technical Outlook:
$XRP closed bearish and it can move in either direction depending on Bitcoin and XRPBTC. My focus will be on the intraday chart tomorrow to get another quick scalp.
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$XRP closed bearish and it can move in either direction depending on Bitcoin and XRPBTC. My focus will be on the intraday chart tomorrow to get another quick scalp.
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LTC Daily Technical Outlook:
$LTC closed indecisively and we should expect a reversal soon unless Bitcoin turns totally bearish. I’ll look for the next scalp setup based on the intraday chart volatility.
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$LTC closed indecisively and we should expect a reversal soon unless Bitcoin turns totally bearish. I’ll look for the next scalp setup based on the intraday chart volatility.
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BlackRock argues SEC has no grounds to treat crypto futures and spot ETFs differently; BTC and ETH Spot ETFs Imminent and Inevitable
tldr; BlackRock argues that the U.S. Securities and Exchange Commission (SEC) has no legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund (ETF) applications differently. The SEC has approved several crypto futures ETFs but has yet to approve a spot-crypto ETF. BlackRock asserts that the SEC's preference for the 1940 Act over the 1933 Act lacks relevance in this area and that the agency has no justifiable reason to reject their spot-Ether ETF application. Analysts predict that the first SEC approval of a spot crypto ETF is likely to happen soon.
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tldr; BlackRock argues that the U.S. Securities and Exchange Commission (SEC) has no legitimate reason to treat spot-crypto and crypto-futures exchange-traded fund (ETF) applications differently. The SEC has approved several crypto futures ETFs but has yet to approve a spot-crypto ETF. BlackRock asserts that the SEC's preference for the 1940 Act over the 1933 Act lacks relevance in this area and that the agency has no justifiable reason to reject their spot-Ether ETF application. Analysts predict that the first SEC approval of a spot crypto ETF is likely to happen soon.
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ETH set to be worth $5.8k by 2025: Finder’s latest Ethereum Predictions Report - Modern Diplomacy
tldr; According to Finder's latest Ethereum Price Predictions Report, a panel of cryptocurrency and fintech specialists predict that the price of ether (ETH) will remain around $1.8k for the rest of 2023. However, by the end of 2025, the panel expects the price of ETH to jump to $5.8k. Some experts have even higher predictions, with one suggesting a price of $7.5k by 2025. The rising popularity of DeFi and the launch of ether futures funds are cited as factors contributing to the potential growth of ETH. Additionally, there is speculation that ETH's market cap may eventually surpass that of Bitcoin (BTC). Overall, 48% of the panel believe it is a good time to hold ETH, 41% to buy, and 10% to sell.
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tldr; According to Finder's latest Ethereum Price Predictions Report, a panel of cryptocurrency and fintech specialists predict that the price of ether (ETH) will remain around $1.8k for the rest of 2023. However, by the end of 2025, the panel expects the price of ETH to jump to $5.8k. Some experts have even higher predictions, with one suggesting a price of $7.5k by 2025. The rising popularity of DeFi and the launch of ether futures funds are cited as factors contributing to the potential growth of ETH. Additionally, there is speculation that ETH's market cap may eventually surpass that of Bitcoin (BTC). Overall, 48% of the panel believe it is a good time to hold ETH, 41% to buy, and 10% to sell.
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LTC Daily Technical Outlook:
$LTC closed with an indecisive candle and is trading above the $68.00 support. I expect a further upside move from here unless Bitcoin dumps. I’ll look for the next scalp based on the intraday chart.
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$LTC closed with an indecisive candle and is trading above the $68.00 support. I expect a further upside move from here unless Bitcoin dumps. I’ll look for the next scalp based on the intraday chart.
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ETH Daily Technical Outlook:
$ETH closed slightly bearish but is still trading above the resistance target, we should see a more bullish outcome from here led by both Bitcoin and ETHBTC. I’ll carefully monitor the price action from the intraday chart.
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$ETH closed slightly bearish but is still trading above the resistance target, we should see a more bullish outcome from here led by both Bitcoin and ETHBTC. I’ll carefully monitor the price action from the intraday chart.
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I analyzed 6,734 companies in the blockchain ecosystem and discovered that 62% of the companies that raised funds get under 100 organic monthly site visitors. This reveals a trend in the industry where companies focus more on short-lived hype rather than building solid foundations
62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
Share ➡️ @CryptoChartAlerts
62% of funded blockchain and Web3 companies attract fewer than 100 monthly organic visitors, indicating a lack of web presence despite having funding. Only 0.95% of these companies pull in a massive 461 million visits a month combined, highlighting how a small number of companies dominate web traffic in the blockchain sector.
Share ➡️ @CryptoChartAlerts
Sushi marks a new milestone in decentralized exchange with Filecoin integration
tldr; Sushi, a leading decentralized exchange, has integrated with Filecoin, becoming the first DEX to operate on this decentralized storage network. The integration includes advanced features like Sushi’s automated market makers and the SushiXSwap cross-chain swap feature, enhancing trading and liquidity provision. This collaboration marks a significant advancement in decentralized finance, improving accessibility and user experience in digital asset management.
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tldr; Sushi, a leading decentralized exchange, has integrated with Filecoin, becoming the first DEX to operate on this decentralized storage network. The integration includes advanced features like Sushi’s automated market makers and the SushiXSwap cross-chain swap feature, enhancing trading and liquidity provision. This collaboration marks a significant advancement in decentralized finance, improving accessibility and user experience in digital asset management.
Share ➡️ @CryptoChartAlerts