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Altcoins such as Ethereum, Cardano, and Solana can be lower on spot rates. But they are bracing for a potential surge, according to one analyst who sees the current formation as similar to the 2020 market cycle. In a post about X, the analyst said To tell Often after a period of accumulation and retesting previous highs, altcoins tend to become unstable. The crypto analyst also noted that Bitcoin has retreated from all-time highs and is bracing for a possible retest of this level recorded in March. Bitcoin Accumulation | Source: X Analyst Although altcoins have fallen sharply, looking at…
Even if Bitcoin (Crypto: BTC) and Ethereum (CRYPTO: ETH) Significant price declines have occurred over the past 24 hours, and a new report shows that both cryptocurrencies have fallen below key support levels, potentially signaling a change in market sentiment. there is.According to 10x Research, Bitcoin has fallen below a key support level at $68,330, raising caution among traders and market watchers. Enter to win $500 in stocks or cryptoEnter your email address to get Benzinga's Ultimate Morning Update, a free $30 gift card, and more.This economic downturn comes amid strong growth and inflation data and could impact interest rate…
Shiba Inu, one of the meme coin pioneers, recently struck gold with a new exchange listing, marking an important milestone for the project.On the other hand, with Monero satoshi the rebel ($RBLZ) is capitalizing on this momentum and preparing for a possible listing of its company. Let's take a closer look at these developments and what they mean for the cryptocurrency industry. Shiba Inu victory Shiba Inu, the popular meme cryptocurrency, recently achieved a significant milestone with its listing on a new exchange, marking a pivotal moment for the project. Gate, a leading cryptocurrency exchange, has announced plans to expand…
European stock markets ended trading lower on Tuesday, with the Stoxx Europe 600 Index down 0.76%, the Swiss Market Index down 1.15%, France's CAC down 0.90%, London's FTSE down 0.19% and Germany's DAX. The stock closed 1.09% lower. The HCOB Eurozone Manufacturing PMI, compiled by S&P Global and measuring the overall health of factories in the Eurozone, fell to 46.1 in March, the lowest level in three months from 46.5 in February. Greece had the highest manufacturing PMI, hitting a 25-month high of 56.9, followed by Spain and Italy at 51.4 and 50.4, respectively. Germany had the lowest PMI at…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. Monero (XMR) suffers a drop below $140 as SEC debates fines and restrictions on institutional sales of Ripple (XRP), while Rebel Satoshi's RBLZ coin amid booming meme coin market is poised for exponential growth. The SEC is seeking a $2 billion fine over the controversial sale of XRP tokens. Despite the strength in the crypto market, Monero continues to fall. On the other hand, Rebel Satoshi is growing significantly and the demand for his RBLZ token is increasing. This…
According to a post on the X Platform by FixedFloat, a Bitcoin Lightning-based exchange, the service suffered a security breach that resulted in fraudulent transactions and financial losses. FixedFloat provides exchange services for various virtual currencies using Bitcoin. lightning network After noticing some suspicious activity where over 3 million USD was transferred from the exchange, we reported this event to speed up the transaction. This incident points to a troubling reoccurrence of FixedFloat security issues after a similar incident occurred in the same year.Security breach detailsSecurity firm CertiK first noticed these transactions and said funds were transferred to wallets on…
The crypto community is surprised by news of large amounts of Bitcoin (BTC-USD) Outflow from Coinbase (Nasdaq: Coin). This is the second major withdrawal in less than a week, this time worth about $1.2 billion. If you dig into the details, CryptoQuant QuickTake This article reveals 17,000 BTC withdrawal from Coinbase. A spike in this indicator is generally interpreted as a signal that investors are moving their holdings into private wallets, perhaps in anticipation of long-term growth. This withdrawal trend is often seen as an indicator of market accumulation, suggesting a collective strategy among investors to hang in there for…
The original cryptocurrency started its decline from $71,229 and was hovering around $65,761 as of 11:40 a.m. ET, according to data from CoinGecko. So-called meme coins have also fallen, with Pepecoin and Dogecoin dropping 8% and Shiba Inu 11% in the past 24 hours, according to data from CoinGecko. Part of the decline was due to waning interest in the nine spot Bitcoin ETFs that began trading on January 11th. There was a net outflow of $85.8 million from the fund on Monday, the first time since March 22, according to BitMEX data. Daily trading volume fell to $5.4 billion,…
At first glance, serial entrepreneur Mike Cagney's recently announced cryptocurrency exchange Figure Market looks like another post-FTX trading and custody venture aimed at institutional investors. But when you dig deeper, a variety of value propositions emerge, from cost-saving practicalities to vision-defying innovations.Key components include an alternative trading system (ATS), a broker-dealer license, the ability to cross-collateralize crypto and real-world assets, and lending and borrowing using Figure Technologies' balance sheet as a catalyst to get things moving. Masu. What supports all of this is multiparty calculation (MPC) wallet, a largely decentralized order book, and support from market maker Jump Trading.There is…
Ethereum price has fallen over 4% in the past 30 days, but ETH holders have pivoted from Lido Finance to restaking the protocol. Over the past month, Lido Finance had the highest amount of Ethereum (ETH) outflows among similar protocols, according to the Dune Analytics dashboard that tracks staking activity. A page created by researcher Hildby shows that stakers have withdrawn over 284,800 ETH from Lido's platform. Nevertheless, Lido gained his 29.7% market share and maintained his dominance in the Ethereum staking space. On-chain data reveals that ETH stakers are flocking to Liquid re-staking protocols. Lido recorded the largest monthly…