In the cryptocurrency market, technical indicators serve as crucial guides for traders and investors. Among these, the death cross—a bearish signal—stands out when a short-term moving average crosses below a long-term moving average. Currently, Bitcoin’s 50-day and 200-day moving averages are narrowing, signaling a potential shift in momentum that demands attention. This phenomenon not only
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In a recent announcement, HIVE Digital Technologies Ltd. (HIVE) disclosed a correction to the HODL value in their unaudited production results for August 2024. The company clarified that the correct HODL balance as of August 31, 2024, was 2,567 Bitcoins, not the previously reported 2,533 Bitcoins. This adjustment also affected the value of the Bitcoins
Recent on-chain data from Glassnode indicates that Bitcoin investors are feeling uncertain about the short-term prospects of the cryptocurrency. This uncertainty is evident in the decreasing exchange-related on-chain volumes, which suggest that market participants are taking a more cautious approach. Despite the continued popularity of centralized exchanges for speculation and price discovery, on-chain volumes across
Bitcoin’s price experienced a rise on Thursday, in line with a broader rally in risk-driven markets such as stocks. Despite this increase, the cryptocurrency market still appeared to be fragile following substantial losses in the previous week. Factors such as the strength of the dollar due to a stronger consumer price index inflation reading and
In a groundbreaking development for the investment landscape, Plume Network has introduced the Mineral Vault fund, an initiative that seeks to transform how mineral interests are managed and traded. This venture, associated with the Allegiance Oil & Gas family of companies, signifies a pivotal moment in facilitating access to real world assets (RWAs). With over
MicroStrategy CEO Michael Saylor has gained notoriety for his bullish stance on Bitcoin. In a recent interview with CNBC, Saylor made a staggering prediction that Bitcoin is on track to reach a valuation of at least $13 million. This audacious statement by Saylor has once again stirred up excitement and debate within the cryptocurrency community.
Bitcoin’s price showed signs of recovery on Tuesday, following steep losses from the previous week. The rebound was attributed to bargain buyers entering the cryptocurrency markets, seeking to take advantage of the lower prices. However, the upward momentum was curtailed by uncertainties surrounding key U.S. inflation data set to be released later in the week.
The price of Dogecoin is finally starting to show signs of recovery after weeks of uncertainty. With DOGE currently trading at $0.10, it is slowly approaching the significant milestone of the second zero in the decimal point. This price increase of almost 2% in the past day comes after the cryptocurrency rose off support levels
Credit Coop is a revolutionary private credit platform based in Miami, Florida, that is making significant strides in supporting the growth of the Web3 ecosystem. By providing innovative financing solutions that leverage future cash flows, Credit Coop directly addresses the capital constraints that have long hindered the scalability of cryptonative businesses. Traditional financing models have
Recent analysis from on-chain analytics firm IntoTheBlock suggests that Bitcoin’s historical cycles point towards a significant rally potentially occurring in 2025. The average duration between Bitcoin’s halving events and the subsequent peak has been approximately 480 days. This pattern indicates that the next peak could be expected in the summer of 2025. Bitcoin’s Halving Events