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Is short-term focus a factor? » CoinEagle

Key Points Bitcoin’s market sentiment has changed, with holders shifting towards short-term profit-taking. This shift could significantly impact Bitcoin’s price, particularly in light of the upcoming U.S. election. Bitcoin’s market sentiment has seen a notable shift recently. Contrary to expectations of sustained bullish momentum, holders have begun to focus on short-term profit-taking. This change in…

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Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies

According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.  While Ethereum has experienced some rebound…

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Rexas Finance (RXS): Mission & Vision 

The space of cryptocurrency is constantly shifting, with new projects along with existing ones looking to fill the gaps left. That’s why other promising projects are likely to emerge, like Rexas Finance, a platform that seeks to become NEIRO’s competitor in the RWA tokenization paradigm. In the presale, its wonderful features and great vision have…

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Cutoshi disrupts meme market with a unique DeFi hub – TON and SHIB investors taking notice

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Savvy DeFi traders are eyeing Cutoshi, a new memecoin in presale, attracting attention from Shiba Inu and Toncoin investors. Savvy traders and investors from the DeFi market are starting to eye a newmeme coin…

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What Does Toncoin (TON) Need to Reach $6?

Toncoin (TON) has faced challenges in breaching the $6.00 barrier, leading to an 11% decline in the altcoin’s price.  The Telegram-linked cryptocurrency is now trading at $5.36 and attempting to reclaim a crucial support level. Toncoin Sees Hope One key factor affecting Toncoin’s market sentiment is the percentage of investors in profit. Observing the active…

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Bitcoin Cash: Empowering Merchants and Boosting Adoption in Bitcoin Cash City

Bitcoin Cash (BCH) has emerged as a popular cryptocurrency, offering fast and low-cost transactions. In the vibrant city of Townsville, Australia, BCH adoption has reached new heights, thanks to the Bitcoin.com Wallet app and the Bitcoin.com point of sales register app. This article explores how the Bitcoin.com ecosystem, backed by generous supporters like Code Valley,…

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In Ripple Case, SEC May Be Backed Into a Corner Again: Coinbase Also Involved

According to the latest information, Coinbase is pressuring Judge Katherine Polk Failla to reconsider its request for an interim appeal, citing the SEC’s recent appeal in the Ripple case as further evidence of the need for judicial clarity. The cryptocurrency exchange argues that ongoing uncertainty regarding the application of the Howey Test to secondary market…

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Vitalik Buterin Endorses Optimism’s New Protocol

Ethereum co-founder Vitalik Buterin has voiced his support for a major update to the SuperchainERC20 protocol initiated by Optimism. This update, unveiled through a recent GitHub pull request, aims to enhance collaboration among various Ethereum infrastructure components by creating a new cross-chain interface, ultimately striving for a more integrated ecosystem. What Does the SuperchainERC20 Update…

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Ethereum Whales Scoop Up $66M in ETH During Price Dip

Ethereum is in the spotlight amid whale investor embrace. Despite the market downtrend, ETH’s future price growth is attractive to wealthy investors. Popular whale investors recently resurfaced, amassing $66 million worth of Ethereum (ETH). This whales’ transaction coincided with increased selling pressure in the market, which led to substantial declines in Ethereum’s price. At the…

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Cosmos developers liquidate $9.5M in ETH—Will the v19 upgrade drive innovation or instability?

Cosmos developer Interchain Foundation has liquidated 4,000 ETH worth around $9.5 million. The Cosmos developer sale happened recently and was part of a broader trend over the last five months. Since the end of April this year, the foundation has sold 15,100 ETH worth around $37.09 million. Interchain’s ETH sales spark debate amid $132 million…

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Vitalik Buterin endorses SuperchainERC20 for enhanced Ethereum interoperability

Vitalik Buterin, co-founder of Ethereum, has recently endorsed a major update to the SuperchainERC20 protocol, as outlined in a GitHub pull request by Optimism. This redesign introduces a new cross-chain interface aimed at enhancing collaboration among Ethereum infrastructure entities and creating a more cohesive ecosystem. The update focuses on revamping the SuperchainERC20 standard by incorporating…

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Bitcoin’s short-term focus – Does this explain changing holder behaviour?

Bitcoin holders shift guard in favor of short-term profit-taking, contrary to recent market expectations Such a transition could have a major impact on BTC’s price Bitcoin’s market sentiment has changed significantly over the last few weeks. In fact, there were expectations that BTC will maintain its bullish momentum from September in October too. However, those…

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Crypto Expert Predicts $0.0005 Dogen SHIB Competitor Will Skyrocket to $1 by December 2024

A top cryptocurrency analyst envisions a challenger to familiar tokens hitting an impressive $1 mark by late 2024. This bold forecast has sparked interest among investors looking for the next major opportunity. Dive into the article to discover which digital currencies are positioned for substantial growth and could reshape the crypto landscape in the near…

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BNB and Monero face bearish pressure as investors hhift to Lunex Network presale

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BNB and Monero face bearish pressure as investors shift to Lunex Network’s presale, raising nearly $550,000 in under a week. BNB and Monero are both facing strong bearish pressure after their recent price declines….

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Solana Price Correction Likely but it might drop soon

Solana’s price has recovered from previous lows as bullish sentiment returns. Despite this recovery, evidence shows the rally will not last. Solana (SOL), currently ranked the fifth-largest cryptocurrency, is on an upward trajectory, recovering from a sharp sell-off registered earlier in the week. Despite its bullish momentum, technical indicators and on-chain data hint at further…

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Will It Break Out Soon?  

October 5, 2024 at 11:15 PM GST updated: October 5, 2024 at 08:57 PM 2 mins read News Toncoin’s Relative Strength Index shows it may soon attract buyers.  The price has strong resistance levels that traders are watching closely. A bounce off the support level suggests potential upward movement is possible.  Toncoin  is at a…

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Why Is Coinbase Delisting These Stablecoins?

Crypto exchange Coinbase has announced it will remove all stablecoins from its European platform that do not meet the EU MiCA regulations. This decision has been made in accordance with the EU’s new regulatory approach. The exchange has set very tough rules for the stablecoin issuers of stablecoins and cryptocurrency exchanges within the European Economic…

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Bitcoin Futures Liquidation Forms Local Price Bottom — A Return To $65,000 Inevitable?

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing…

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‘It Just Can’t Be Coincidence’

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial…

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Who Could Drive Bitcoin’s Price to $70,000?

Bitcoin’s (BTC) price recently experienced a 7.8% decline, dropping to $60,000. However, as the king of cryptocurrencies recovers from this drawdown, support from a significant group of investors could push the price higher.  Institutional investors, in particular, are playing a key role in driving Bitcoin’s upward momentum, and their influence might propel BTC toward the…

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Cosmos developers liquidate $9.5M in ETH—Will the v19 upgrade drive innovation or instability?

Cosmos developer Interchain Foundation has liquidated 4,000 ETH worth around $9.5 million. The Cosmos developer sale happened recently and was part of a broader trend over the last five months. Since the end of April this year, the foundation has sold 15,100 ETH worth around $37.09 million. Interchain’s ETH sales spark debate amid $132 million…

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QCP Capital Shares Expectations for Bitcoin in the Shadow of Iran-Israel Tensions

Cryptocurrency analysis firm QCP Capital has released its latest market commentary highlighting key developments for Bitcoin at the start of the new quarter. The firm pointed to escalating geopolitical tensions and surprising economic data as driving factors behind recent market volatility. QCP Capital Also Explained Why Bitcoin Jumped Yesterday The escalation of the Israel-Iran conflict,…

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Analyst Predicts Trends for Solana and XRP

A well-known cryptocurrency analyst is expressing optimism about Solana, a major player in the digital currency market, which is often compared to Ethereum. The analyst, who has a significant presence on social media, announced their decision to take a long position on Solana, currently ranked fifth in market capitalization. What are the Key Levels for…

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