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Hello traders! 👋 How often has it happened to you that you are watching a certain level and waiting for its breakout, and when the price breaks this important level, the price does not trend towards the breakout? The value will then drop and your balance will be at risk of losing a large amount of money. Now let's talk about what is a fake breakout specifically in the crypto market. Definition and types 📝 A false breakout is a horizontal or sloping level breakout after which the price quickly or gradually moves away in the opposite direction of the…
Solana recorded the highest stablecoin trading volume for the third month in a row. Solana's rise was linked to the growth of USDC. Solana [SOL] has consolidated its position as the largest chain for stablecoin payments, outperforming its competitors overall. Stablecoin Solana According to an analysis of Artemis data by AMBCrypto, the network processed over $310 billion in stablecoin transaction volume in one week.This is more than double his of historically dominant Ethereum [ETH]. This weekly jump is part of a broader market grab in 2024, with Solana dominating the rankings for three consecutive months. To confirm the extent of…
BTC price has fluctuated slightly in the past 24 hours. Market indicators were suggesting a few more slow days ahead. Investors may have been worried over the past few days. Bitcoin's [BTC] Prices have been revised multiple times. However, we should not lose hope as this is just another test phase and could end in another bull market rally. What history suggests Last week, we did not see much volatility in terms of BTC price changes as the value of the king of cryptocurrencies moved slightly. A similar trend was observed in the past 24 hours. according to coin market…
Created by Mateo Fallarda and Christine GartnerPublished as part of the ECB Economic Bulletin, issue 8/2022.On January 1, 2023, Croatia adopted the euro, becoming the 20th member state of the euro area. The assessment contained in the European Commission and European Central Bank's 2022 Convergence Report paves the way for the first eurozone expansion since Lithuania joined in 2015.[1] On July 12, 2022, the Council of the European Union formally approved Croatia's membership in the euro area and determined the exchange rate of the Croatian kuna at 7.53450 per euro.[2] This was the central rate for the kuna during the…
Today is the last week of the first quarter, 15 months after FTX's collapse, and the final week of Sam Bankman Freed's criminal trial. Bankman Fried will be sentenced by Judge Lewis Kaplan, who has presided over the trial from the beginning. This Thursday, March 28th. The Bankman Fried ruling is not the only big crypto-related event coming this week, nor is it the only big event in the FTX saga. Read on to find out what to expect in cryptocurrencies starting this week. SBF's sentencing rests on one manU.S. prosecutors, led by New York's Southern District Attorney Damian Williams,…
Celebrating the 1st anniversary of the Ethereum Layer 2 Scaling Protocol zkSync era has introduced some of the major milestones within 12 months of competing in the competitive L2 world.Growth highlights in the zkSync eraTaking on the X platform, the protocol noted that the protocol, launched on March 24, 2023, has recorded several innovations, including the shipment of ZK Stack, a modular framework for building sovereign hyperchains. I emphasized.Since Layer 2 scaling solutions are designed to help handle transaction throughput, and Ethereum in particular often fails in that regard, zkSync Era has spent the past year helping validators reduce their…
Cardano (ADA) has emerged as the leader in developer activity, surpassing Ethereum (ETH) and other major blockchain networks. The surge in GitHub commits reflects Cardano's commitment to innovation and growth, establishing itself as a frontrunner in the competitive blockchain environment. GitHub commits are updates or changes made to a project's code on the GitHub platform using the Git version control system. Each commit represents a specific change to the codebase, such as adding features, fixing bugs, or improving performance. Commits contain messages that describe the changes and assist in collaboration and tracking progress in software development. Amazing number of GitHub…
This was the largest jump in BTC's dormant supply in over two years. Whales continued to add Bitcoin exposure to his portfolio. Bitcoin [BTC] This week it has been in the $64,000 to $67,000 range, facing strong resistance at $68,000. According to CoinMarketCap, at the time of writing, King Coin is trading at $641.4 million, 12% lower than its all-time high (ATH) recorded at the beginning of the month. What do you expect next? However, we could see significant volatility swings over the next few days. According to an analysis of Santiment data by AMBCrypto, many previously inactive BTC started…
BTCUSD 4-hour chart shows breakout failureBitcoin’s recent price action on the 4-hour chart shows an interesting story of failed breakouts and highlights the constant battle between bulls and bears in the crypto market. Here we take a closer look at the technical analysis of Bitcoin's performance and what traders expect next.Bitcoin breakout failure: A test of bulls’ resolveBitcoin, the leading cryptocurrency, recently shocked traders by attempting to break through a major resistance level. But this breakout turned out to be a bull trap, the price is retreating below the red resistance line. The market's reaction to this failed breakout is…
Clients of $10 trillion asset management firm BlackRock are reportedly not showing much demand for Ethereum (ETH), the leading smart contract platform. Robert Mitchnick, Head of Digital Assets at BlackRock, said: To tell The company's customers are primarily interested in Bitcoin (BTC), the top crypto asset by market capitalization, with “only a small amount” of demand remaining for the top altcoin, according to Fox Business journalist Eleanor. Reported by Terret. “Bitcoin is by far the top priority for our clients, then a little bit of Ethereum, and pretty much everything else.” Mitchnick also acknowledged that the digital asset community wants…