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Tag: crypto

  • Wondering When To Buy Bitcoin? Here Are The Levels To Watch

    Wondering When To Buy Bitcoin? Here Are The Levels To Watch

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    Due to market volatility and Bitcoin (BTC) price fluctuations, identifying the best times to buy the pioneer cryptocurrency can be challenging. Taking this into consideration, a crypto analyst has pinpointed key price levels for investors to monitor for potential buying opportunities. 

    Buy Levels To Watch For The Bitcoin Price

    A crypto analyst identified as ‘Stockmoney Lizards’ took to X (formerly Twitter) on August 1 to discuss Bitcoin’s recent price movements, highlighting key buy levels and the cryptocurrency’s propensity for a price increase. The analyst notes that Bitcoin’s current price actions indicate a classic 5-wave uptrend followed by an ABC correction with an overarching wave B. 

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    An ABC correction is a continuous pattern that occurs during uptrends or downtrends. It is a pattern within the Elliott Wave Theory that reflects a three wave correction and helps identify a trend continuation. 

    Sharing a Bitcoin price chart illustrating each wave (A, B, and C), the analyst disclosed that Wave B ended at the Value Area High (VAH) around the $69,885 mark. According to the analyst, this price level historically acted as  a resistance. This means that Bitcoin’s price may face difficulty moving above this point.    

    Source: X

    The analyst further revealed that the $66,745 price point also acted as a resistance level for Bitcoin. He highlighted this critical level on the BTC price chart, emphasizing that the red line represents a Point Of Control (POC) for the cryptocurrency. 

    Moreover, the 1.618 Fibonacci extension level for Bitcoin is identified as a potential support area for a new uptrend. The analyst disclosed that this crucial level coincides with the 0.5 Fibonacci retracement level and the Value Area Low (VAL), which are all important support levels. 

    Concluding his analysis, the crypto analyst suggested that the support area between $61,800 and $62,300 was an important buying level to watch out for. He noted that on the higher timeframe, Bitcoin’s potential uptrend was still intact, adding that if the cryptocurrency’s price breaks below the $61,800 mark, then a further decline to test the 2.618 Fibonacci extension at $56,800 should be expected. 

    Overall, the crypto analyst is leaning towards a bullish outlook for the short term and mid term timeframes in Bitcoin’s price. At the time of writing, Bitcoin is trading at $61,594, reflecting a 4.21% decline in the last 24 hours, according to CoinMarketCap. 

    BTC Poised To Breakout In September

    Other analysts have also remained relatively bullish on Bitcoin’s price, predicting rallies to new all-time highs for the pioneer cryptocurrency. According to a crypto analyst identified as ‘TOBTC’ on X, Bitcoin experienced a significant decline in its price, falling below the $63,000 price mark. 

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    Bitcoin 2
    Source: X

    The analyst revealed that despite Bitcoin getting rejected at the $70,000 resistance, a potential breakout is expected by September. This bullish sentiment is shared by a different crypto analyst, Michael van de Poppe, who predicts that if Bitcoin holds above $60,000 to $61,000, the cryptocurrency could witness an upward movement to new all time highs in September or October 2024. 

    Bitcoin price chart from Tradingview.com
    BTC price drops below $62,000 | Source: BTCUSD on Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com

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    Scott Matherson

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  • Trump Floats Bitcoin Payments As Solution To $35 Trillion US Debt Crisis

    Trump Floats Bitcoin Payments As Solution To $35 Trillion US Debt Crisis

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    In a recent interview with Fox News, former President Donald Trump voiced support for using Bitcoin as a tool to help pay down the United States’ $35 trillion national debt as he positions himself for a potential 2024 presidential re-election, while also signaling a notable shift in the Republican party’s stance on digital assets.

    Trump’s Strategy To Tackle $35 Trillion Debt With Bitcoin

    “Crypto is a very interesting thing, very high level in certain ways, intellectually very high level,” Trump said. The former president acknowledged the rapid growth and adoption of cryptocurrencies globally, warning that if the US does not embrace the technology, countries like China will move ahead and seize the initiative.

    Trump’s recent comments echo proposals from Republican figures such as Wyoming Senator Cynthia Lummis and former House Speaker Paul Ryan, who have floated the idea of the US government investing in Bitcoin holdings to help pay down the national debt. 

    While Trump didn’t offer any new specifics, he did hint at the possibility of the government simply “handing out a little crypto check” or “handing them a little Bitcoin” as a way to pay down the $35 trillion debt.

    Genesis Triggers $1.6 Billion In BTC And ETH Transfers

    Bitcoin, the largest cryptocurrency by market capitalization, briefly dipped below the $63,000 level, reaching a weekly low of $62,440 as news of the Genesis distributions hit the market. According to the announcement made by Genesis on August 2, the firm has commenced making distributions to creditors pursuant to its Chapter 11 bankruptcy plan. 

    As part of the initial distribution, BTC creditors will receive 51.28% of their holdings in-kind, while ETH creditors will receive 65.87% of their ETH holdings. On the other hand, creditors of other altcoins, excluding Solana (SOL), will receive an average of 87.65% of their holdings, while Solana creditors will receive 29.58% of their holdings.

    The distributions have already begun, with wallets linked to Genesis Trading moving 16.6K BTC ($1.1 billion) and 166.3K ETH ($521.1 million) in the past hour, according to market intelligence platform Arkham.

    Interestingly, billionaire investor and crypto supporter Mark Cuban has reportedly received $19.9 million in ETH from the Genesis Bankruptcy, further highlighting the implications of the firm’s downfall.

    The firm also disclosed that creditors have established a $70 million litigation fund to pursue claims against various third parties, including Digital Currency Group (DCG), Genesis’ parent company. 

    At the time of writing, the largest cryptocurrency on the market has managed to regain the $63,100 level after falling towards the $62,000 zone on Friday. BTC is currently down 0.8% in the 24-hour time frame.

    Featured image from DALL-E, chart from TradingView.com

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    Ronaldo Marquez

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  • Is Bitcoin Poised for a September Price Surge? What Traders Need to Know

    Is Bitcoin Poised for a September Price Surge? What Traders Need to Know

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    Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

    Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

    Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

    When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

    Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

    In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

    Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”

    PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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    Samuel Edyme

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  • Crypto Watch: Today’s FOMC Is The ‘Most Important Of Your Life’

    Crypto Watch: Today’s FOMC Is The ‘Most Important Of Your Life’

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    For the crypto and broader financial market, FOMC day is upon us once again today. And analysts agree that today’s meeting will be one of the most important in recent years. Kurt S. Altrichter, a financial advisor and founder of Ivory Hill, even describes today’s FOMC meeting as the “most important of your life.” In a new post on X, Altrichter explains why.

    FOMC Preview

    Central to today’s FOMC meeting is the Federal Reserve’s potential indication of a September rate cut. According to Altrichter, the financial markets are almost unanimously anticipating this move, with Fed fund futures indicating a near-certain likelihood of such an outcome. “Market expectation is a strong signal for a September rate cut,” Altrichter points out, marking today’s update as a pivotal moment for financial markets.

    The key question for today is: “How strongly does the Fed signal a September rate cut?” the expert explains. Investors are directed to pay close attention to the FOMC’s statement at 2:00 pm ET, especially the third paragraph, which could subtly signal the Fed’s confidence in reaching its inflation targets.

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    Altrichter advises, “Look at the 3rd paragraph for this key sentence: The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.” Any modification in this wording would be a clear signal that the Fed is nearing its inflation control goals, potentially paving the way for rate adjustments.

    Altrichter outlines several potential outcomes from the meeting, each associated with specific market reactions. In a dovish scenario, the Fed signals a rate cut for September. Then, Altrichter expects a broad market rally, especially in sectors less sensitive to interest rates. “Yields and the dollar should fall modestly with a modest rally in commodities,” Altrichter predicts, suggesting significant movements in standard and sector-specific indexes.

    In a hawkish scenario, there will be no change in the forward guidance by the US central bank. If the Fed maintains its current stance without hinting at future cuts, the markets might experience a downturn. “Look out below and expect a sharp decline. SPX should fall by 1-2%,” he warns, noting that tech and growth sectors might relatively outperform due to their appeal during higher yield periods.

    How Will Bitcoin And Crypto React?

    The potential adjustments in US monetary policy bear direct consequences for the Bitcoin and crypto markets. Crypto, often viewed as alternative investments, reacts sensitively to shifts in monetary policy, particularly regarding interest rates.

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    If the dovish scenario materializes, this could make Bitcoin and cryptocurrencies more appealing. A signal of lower future rates could drive increased investment into the crypto market, potentially leading to price increases as investors seek higher returns in alternative assets.

    Conversely, should the Fed signal reluctance to cut rates, indicating a stronger economic outlook or concerns about inflation, this could strengthen the US dollar and increase yields on traditional financial instruments. Such an environment might lead to a pullback in the crypto markets, as the comparative advantage of Bitcoin and cryptocurrencies diminishes against strengthening traditional yields.

    Max Schwartzman, CEO of Because Bitcoin Inc, commented via X: “FOMC is [today] & its incredibly important as we get into the end of this fed cycle… Here is how the last 11 meetings have gone for Bitcoin…”

    How Bitcoin reacted the last 11 times | Source: X @MaxBecauseBTC

    Thus, today’s FOMC meeting is a watershed moment for financial markets globally, with significant implications for both traditional and crypto markets. As Altrichter succinctly puts it, “A Sept Fed rate cut has driven the 2024 bull market. Tomorrow’s meeting will either reinforce that tailwind or refute it. If the Fed signals a cut, the rally continues. No signal: markets could get ugly.”

    At press time, BTC traded at $66,462.

    Bitcoin price
    BTC bounces off the 20-day EMA, 1-week chart | Source: BTCUSDT on TradingView.com

    Featured image from Shutterstock, chart from TradingView.com

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    Jake Simmons

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  • Bitcoin ‘Back On Radar’ To Hit $80,000, Then New ATH, Analyst Says

    Bitcoin ‘Back On Radar’ To Hit $80,000, Then New ATH, Analyst Says

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    The most often used cryptocurrency worldwide, Bitcoin, has had an impressive price rise over the past few weeks, considerably raising trader confidence.

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    The bigger cryptocurrency market still exhibits volatility even with Bitcoin’s recent rallies. Thanks to Ethereum ETFs, which have created conditions perfect for significant price movements, the market is today far more liquid. As Ethereum ( ETH) and Bitcoin (BTC) negotiate these difficult waters, their mechanics as well as the risk of trend reversals are impacting each other.

    BTC up in the last month. Source: Coingecko

    According to Santiment statistics, since March 2023 the proportion of positive to negative comments about Bitcoin has climbed to its highest level. Seeing an all-time high within reach once more, investors are becoming more hopeful about the future of cryptocurrencies as they stay at $66,882.

    Market Dynamics: Ripple Effect Of Ethereum ETFs

    Ethereum exchange-traded funds (ETFs) have greatly raised market liquidity, therefore affecting overall stability. Not just Ethereum but also unintentionally Bitcoin has been impacted by this influx. Having a market valuation of $1.32 trillion and a 55% market domination, traders are closely watching how these events might change market dynamics.

    Bitcoin is now trading at $66,845. Chart: TradingView

    Though it recently surged, the price of Bitcoin has declined by 1.36% during the previous day. This fall underlines how erratic the crypto sector is. Given changing opinions and uncertain circumstances, investors find it challenging to precisely predict short-term swings. However, the growing hope for Bitcoin suggests a revival of virtual currency interest and confidence.

    Forecasts By Analysts: Breaking Limits, Scaling New Heights

    Renowned bitcoin guru Captain Faibik has given a positive future price estimate for the coin. According to Faibik, Bitcoin is poised to test once more the crucial $70,000 resistance level. Historically a major barrier, this level seems to be becoming simpler with every test that comes around. Faibik says this declining resistance suggests a potential upward breakthrough shown as a broadening wedge.

    A spreading wedge technical chart pattern suggests that the price of an asset could be poised to break out. A breakthrough is looking more plausible as Bitcoin approaches the $70,000 barrier level. According to Faibik, should Bitcoin be able to pass this obstacle, by August it might be valued beyond $80,000. This hopeful forecast is based on the trend of declining resistance, which generally indicates an approaching breakout and consequent price rise.

    Path Of Development Of Bitcoin

    Source: CoinCheckup

    Bitcoin seems to be going to have a notable increase in the following weeks. Although the price of the alpha coin is now 31% below the projection for the next month, short-term indicators show a positive trend that may cause the price to rise. Investors are preparing themselves for a probable resurgence as the market responds to several positive signals and increasing demand.

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    Based on CoinCheckup data, major resistance levels might be challenged soon; support is concentrated around the current trading price. For the expected climb, this projection provides a strong basis. Forecasts show a notable upward trend as Bitcoin will increase by 45% during the next three months.

    Featured image from Pexels, chart from TradingView

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    Christian Encila

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  • Crypto Analyst Charts Bitcoin Course To New $77,604 All-Time High

    Crypto Analyst Charts Bitcoin Course To New $77,604 All-Time High

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    After hitting an all-time high of $73,400 in March 2024, the Bitcoin price has since retraced, remaining below its all-time high for the last four months. Nevertheless, expectations remain high that the Bitcoin price will eventually recover and hit a new all-time high, with crypto analyst “Melikatrader94” on TradingView predicting another run to $77,600.

    Bitcoin Turns Bullish On The Charts

    In the analysis that was shared on the TradingView website, crypto analyst Melikeatrader94 revealed her thesis for why the Bitcoin price could be headed to a new all-time high. The major reason behind the prediction is bullish chart patterns.

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    The crypto analyst pointed out that the Bitcoin price had successfully broken out of a descending trend line. This is important because such a break indicates a return of bullish pressure, causing the price to go up. From here, Bitcoin could push toward its current all-time high price.

    Furthermore, there have been multiple confirmations on the chart, suggesting that the resulting rally from this descending trend line break could be incredibly strong. The crypto analyst points out that there will be corrections along the way. But ultimately, the direction for the Bitcoin price from here is up.

    Targets For The BTC Price

    With the Bitcoin breakout from the descending trend line, the crypto analyst believes that the price will rise to a new all-time high of $77,604. However, this is not going to be a completely easy path for Bitcoin as major resistance levels lie ahead.

    For starters, the crypto analyst believes that the BTC price risks a downward correction when it eventually gets to $70,000. This makes it the first major level to clear in the road to a new all-time high before encountering another resistance.

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    If Bitcoin is able to beat $70,000, then it is expected to reclaim its current all-time high above $73,400. However, it faces major resistance just a short distance away. The analyst’s next resistance level lies at $73,612. Due to this, the analyst believes that both $70,000 and $73,612 could serve as possible re-entry points.

    Going by the crypto analyst’s prediction, the Bitcoin price could see a notable 15% jump in price from its current level. Furthermore, the BTC price hitting a new all-time high would be positive for the crypto market given that the pioneer cryptocurrency is the established market mover and altcoins follow its path.

    BTC price recovers from lows | Source: BTCUSD on Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com

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    Scott Matherson

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  • Technical Indicators Show Strong Bitcoin Bullishness

    Technical Indicators Show Strong Bitcoin Bullishness

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    Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price actions, and various technical indicators support this surge in optimism. One such indicator is the hash ribbon, which highlights a positive price momentum for Bitcoin.

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    The hash ribbon provides a compelling view of on-chain activity by tracking the behavior of miners, who are known to have a direct influence on the cryptocurrency’s price.

    Price Momentum Flips Positive

    Crypto analyst Ali Martinez highlighted an intriguing phenomenon with the hash ribbon indicator on social media platform X. As noted by the analyst, the hash ribbon is signaling the end of miner capitulation, which suggests that the BTC price momentum has shifted from negative to positive. 

    The hash ribbon indicator analyzes Bitcoin’s hash rate using the 30-day and 60-day moving averages to gauge miner activity and network health. When the 30-day moving average drops below the 60-day, it indicates miner capitulation; when it crosses back above, it signals recovery and potential bullish price action.

    As shown by the price chart below, the last miner capitulation began on June 17 after the 30-day moving average crossed below the 60-day moving average. Recent market dynamics have seen the 30-day moving average crossing back up, suggesting that miners are now at a bullish outlook. 

    Bitcoin miners have faced challenges since the April 2024 halving, which reduced their daily revenue from an average of $70 million pre-halving to $30 million post-halving. This revenue drop forced many miners to sell their BTC holdings to cover operational costs. However, recent data indicates that miner capitulation may be nearing its end, as increased activity on the Bitcoin network pushed daily miner revenue back above $40 million.

    Bitcoin is now trading at $67,492. Chart: TradingView

    Positive Bitcoin Comments Reach Highest Level In 16 Months

    Still in the spirit of bullishness, crypto on-chain intelligence platform Santiment noted Bitcoin’s bullishness among market participants is now at its peak. Santiment’s data reveals that the ratio of positive versus negative comments about BTC on social media has surged to its highest level since March 2023 as investors become increasingly optimistic about a new all-time high.

    This surge in positive sentiment can be attributed mainly to the favorable mentions of Bitcoin at the recently concluded Bitcoin conference. During the conference, Republican presidential candidate Robert F. Kennedy Jr. reiterated his bullish stance on Bitcoin.

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    Additionally, former president and current Republican nominee Donald Trump altered his previous stance on Bitcoin and expressed support for the cryptocurrency. Trump also promised to fire SEC Chairman Gary Gensler, who is known for his very strict approach towards Bitcoin and other cryptocurrencies, if elected president.   

    The combination of political support and positive sentiment on social media has fueled mentions of Bitcoin reaching a new all-time high in August. At the time of writing, Bitcoin is trading at $67,500.

    Featured image from Vecteezy, chart from TradingView

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    Scott Matherson

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  • Bitcoin Quiet Buildup: Analyst Predicts Major Inflows Yet to Come—Here’s Why

    Bitcoin Quiet Buildup: Analyst Predicts Major Inflows Yet to Come—Here’s Why

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    Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

    Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

    Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

    When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

    Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

    In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

    Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”

    PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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    Samuel Edyme

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  • Bitcoin Mining Giant Marathon Digital Makes Major $100M BTC Acquisition

    Bitcoin Mining Giant Marathon Digital Makes Major $100M BTC Acquisition

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    Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

    Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

    Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

    One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

    Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

    Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

    However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

    Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

    With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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    Ronaldo Marquez

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  • Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation

    Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation

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    Nobody in the XRP community expected the SEC to cancel a meeting behind closed doors on July 18 without giving any reason. Some people think this move has something to do with the approval process for spot Ethereum ETFs.

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    Crypto Community Clueless On Meeting Cancellation

    There has been an obvious shakeup in the cryptocurrency market because of the sudden about-face. XRP, Ripple’s native coin, fell 8% to $0.58, its 24-hour low. Trade volume was down as well, yet it rose 20%, showing investors’ interest amid uncertainties.

    There is a lot of talk in the market that the SEC’s decision might have something to do with the process of approving spot Ethereum ETFs.

    Some of these funds have already been given preliminary approvals and were supposed to start trading next week. The US regulator may have canceled the meetings as a smart move in light of these events.

    XRP market cap currently at $30.9 billion. Chart: TradingView.com

    Market Experts Keep A Close Eye On The Altcoin

    Technical experts are paying close attention to how the price of XRP changes in this unstable market. Javon, a renowned analyst, identified a chart pattern that resembles XRP’s recent bull run.

    The symmetrical triangular pattern expanding since 2018 matches the 2014–2017 trend. The first pattern led to a rapid rise that sent XRP from about $0.005 to a staggering high of $3.347, a rise of almost 43,000%.

    If the past is any indication, another rise could be coming soon. According to Javon’s prediction, the price of XRP could climb to a level above $237. Even though this prediction is very high, it fits with how things have been in the past and shows that things could go up from where they are now.

    XRP: Resistance And Support

    The technical indicators at hand provide XRP buyers with a mixed bag of data. In terms of support, the altcoin is still higher above the 50% Fibonacci retracing line and the 100-hour Simple Moving Average. Strong support is spotted at $0.5820 and $0.5850. These figures are quite significant as they highlight major areas where the price may settle and maybe even rise.

    XRP up in the last week. Source: Coingecko

    On the other hand, the coin meets strong opposition at different levels. Right now, there is resistance around $0.620. There are also bigger blocks at $0.6350, $0.6420, and possibly even $0.6550 and $0.680.

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    If there is a clear break above these support levels, more gains could happen. But if XRP fails to break through these levels, there may be a drop to the downside. The price is likely to find support near $0.600, and it will likely go down even more if it falls below $0.5850.

    Featured image from Quick Tips, chart from TradingView

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    Christian Encila

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  • Analyst says Ethereum Will Reach $8,000 ATH, But This Needs To Happen First

    Analyst says Ethereum Will Reach $8,000 ATH, But This Needs To Happen First

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    A crypto analyst has predicted that Ethereum (ETH), the world’s second-largest cryptocurrency will surge to new all-time highs around the $8,000 price mark. However, for Ethereum to reach this ambitious price target, the analyst emphasized that the cryptocurrency must fulfill certain key conditions. 

    Ethereum Road Map To $8,000 ATH

    A crypto analyst identified as ‘Bluntz’ on X (formerly Twitter) has expressed bullish optimism for Ethereum’s future outlook. The analyst forecasted that ETH could witness a mega rally to an $8,000 all-time high this market cycle.

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    Bluntz shared a video on June 8 via his official X account, highlighting key conditions Ethereum will have to overcome before it can reach a new all-time high around $8,000. The crypto analyst noted that ETH/USD is presently near recent lows, as a result, Ethereum could be getting closer to its lowest point in this current bearish trend. 

    The analyst disclosed that it was highly unlikely that Ethereum would immediately start surging upwards from its current low point. He emphasized that the cryptocurrency will need to undergo additional downward movement before witnessing a surge to the $8,000 price target. 

    For Ethereum to begin its road map to the $8,000 all-time high, Bluntz believes that the cryptocurrency must “sweep $2,800, take out the low and reclaim it.” After this, the analyst revealed that a three-wave corrective pattern, termed an “ABC,” will be completed, potentially signaling the end of Ethereum’s downward trend and the beginning of a substantial upward movement. 

    Bluntz also noted in his video that Ethereum’s ABC wave correction will send the price of the cryptocurrency to $6,000 before pulling back and rallying again to a cyclic top of around $8,000. He expects Ethereum to trade sideways for a while, testing new lows before entering a recovery stage. 

    Analyst Asserts Ethereum’s Biggest Gains Are Yet To Come

    In his post, Bluntz confidently asserted that Ethereum has yet to experience its “big run” in this market cycle. Although the cryptocurrency surged to new highs above $4,000 earlier this year, Bluntz and a few other crypto analysts have predicted more bullish upsides for the cryptocurrency.

    One of the primary reasons behind the market’s optimism concerning Ethereum’s price outlook is the upcoming launch of Spot Ethereum Exchange Traded Funds (ETFs). Bluntz disclosed in his video that the introduction of Ethereum Spot ETFs will likely trigger a substantial price increase for Ethereum. 

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    The analyst revealed that various crypto community members have engaged in a hot debate about the potential launch of the Ethereum ETF, expecting it to have a positive impact on Ethereum’s value. However, contrary to belief, Bluntz anticipates a major ETH sell-off, emphasizing that the price of the cryptocurrency will likely drop following the launch of its ETF. 

    This initial sell-off phase could indicate the shakeout of weaker hands in the crypto market. Following this, Bluntz expects Ethereum to be “bid up heavily,” potentially driving the price upwards. 

    ETH price drops from local peak | Source: ETHUSDT on Tradingview.com

    Featured image created with Dall.E, chart from Tradingview.com

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    Scott Matherson

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  • Mission digital: How Coinbase is reshaping Canada’s crypto landscape – MoneySense

    Mission digital: How Coinbase is reshaping Canada’s crypto landscape – MoneySense

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    Coinbase Global Inc., based in the U.S., is a publicly traded company that has more than eight million users and operates in over 100 countries. Coinbase formally launched in Canada in August 2023, though it has offered services here since 2015. For the past few years, the company has been working with Canadian securities regulators to develop a crypto regulatory framework, and to ensure its platform is compliant with strict rules around investment limits, segregating customer assets, trading on margin, and more.

    Coinbase’s ongoing challenges with U.S. regulators

    Coinbase’s successful registration in Canada contrasts sharply with its ongoing legal battle with the Securities and Exchange Commission (SEC) in the U.S. In July 2022, Coinbase petitioned the commission to propose rules to identify which digital assets are securities, and to govern the regulation of securities offered and traded using digital channels. The SEC has said that existing securities law is sufficient, but Coinbase called it “ill-fitting.” (Catch up on the Coinbase-vs.-SEC timeline.)

    The conflict hasn’t halted Coinbase’s expansion—in 2023, it became licensed and/or registered in Bermuda, Spain, France and Singapore and launched in Canada and Brazil. 

    Coinbase Canada’s CEO, Lucas Matheson, was in Toronto recently as a keynote speaker at the Collision tech conference. Before joining Coinbase in 2022, he was at Shopify for five years, most recently as senior director of operations, and he co-founded Pinshape, a marketplace for 3D-printed products, along with other roles in finance and investing. 

    We talked to Matheson about what crypto regulation means for investors, Coinbase’s growing presence in Canada, the future of Web3 and more.

    Lucas Matheson at the Collision tech conference in Toronto in June. Photo courtesy of Coinbase.

    Jaclyn Law: In April, Coinbase became a restricted dealer in Canada. What does that mean for the business?

    Lucas Matheson: The most important thing is that we have regulatory clarity and that we’re registered. That means we’ve gone through a series of submissions with our regulators to explain: How does our business work? How do our operations work? How do we service our clients, and how do we ensure that conflicts of interest are managed and that our customers are informed? 

    Interestingly, for me as somebody who’s been in tech for quite some time but never had the chance to work with the government, we’re very much aligned with our regulators, in terms of what we want to accomplish. How we get there is something we’re still working on, but generally, it’s an opportunity for us to collaborate and build strong regulatory frameworks.

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    Jaclyn Law

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  • Solana Frenzy: Big Buyers Fueling Rally On Top Crypto Exchanges

    Solana Frenzy: Big Buyers Fueling Rally On Top Crypto Exchanges

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    Driven by a mix of positive elements, Solana (SOL) is seeing a spike in trading activity. This covers big buy orders, institutional investors’ savvy purchasing approach, and the expected release of SOL-based exchange-traded funds (ETFs).

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    Whales Consolidate SOL discretely

    Trading data shows a notable increase in trading volume among key exchanges including Binance, Coinbase, Gate.io, and OKX. However, a more in-depth analysis by Coinact.gg, which is a real-time trading research programme, indicates a pattern that is very intriguing: a “Major TWAP” signal for SOL.

    Big investors, notably financial institutions, typically employ a strategy known as Time-Weighted Average Price, or TWAP for short. It is common practice to spread out a large buy order over a certain time period in order to lessen the impact it has on the market price.

    The implication of this is that institutional players are purposefully accumulating SOL without causing big price movements, which is a classic indicative of a long-term positive outlook.

    ETF Hype Ignites Investor Interest

    In addition, the announcement that probable SOL-oriented exchange-traded funds (ETFs) might hit the market by the middle of March 2025 is generating curiosity among investors. As a result of the Chicago Board Options Exchange (CBOE)’s recent submission of proposals to list exchange-traded funds (ETFs) offered by VanEck and 21Shares, the bitcoin community has been filled with excitement and speculation.

    SOL market cap currently at $66 billion. Chart: TradingView.com

    Solana Price Forecast

    A number of analysts are projecting a continuous rise in SOL price; others estimate a 17% gain by August 10th under underlying cautious optimism. Additionally showing a positive trend are technical indicators.

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    Measuring general market mood, the Fear & Greed Index comes out as “Fear” (29).  This implies that although investors are largely hopeful about SOL’s possibilities, certain fundamental issues remain present in the larger crypto industry.

    SOL price seen soaring this coming August. Source: CoinCodex

    The disparity seen in Binance’s trade statistics relative to other exchanges raises some questions. More research is required to find the cause of this varying behaviour as it could points to a distinct market dynamic acting especially on  Binance.

    ETFs’ promise of easily available, regulated SOL investing choices is drawing a fresh generation of investors, especially those previously reluctant to negotiate the complexity of cryptocurrency exchanges. The sustain 8% price rise for SOL in the weekly timeframe reflects this higher demand enabling network to pedal its way back to the $142 field.

    Fueled by a convergence of favourable circumstances, Solana’s future seems bright. Positive outlook is presented by institutional investor interest, the possibility of regulated ETFs and recent price rise.

    Featured image from Pexels, chart from TradingView

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    Christian Encila

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  • Bitcoin Strikes A Chord At The Bottom

    Bitcoin Strikes A Chord At The Bottom

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    The price of Bitcoin has increased by 6% since it crossed into the $53,000 price territory on July 5. However, while the cryptocurrency is now exhibiting short-term bullishness, it is important to note that it is not out of the woods yet.

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    There are still some serious resistance levels that could keep BTC trapped in a range below $60,000 for the rest of the month. According to a recent analysis by Captain Faibik, the leading digital asset needs to close above the $61,000 mark before everybody can be convinced of bullish momentum.

    Bitcoin Needs To Clear Major Resistance

    The $61,000 price level isn’t just an arbitrary price point. According to a recent analysis shared by crypto analyst Captain Faibik, the $61,000 price is more of a resistance level that resonates with Bitcoin’s price action over the past two months.

    In a 4-hour Bitcoin/TetherUS timeframe chart shared on social media platform X, the analyst drew two diverging trendlines from Bitcoin’s brief break above $70,000 on June 6. Since then, Bitcoin’s price decline has led to the creation of lower highs and lower lows. 

    In order for Bitcoin to cross into total bullish momentum, it would need to cross over the upper trendline, which has been tracking the lower highs since June 6. Notably, this price level is around $61,000. 

    Captain Faibik isn’t the only analyst eyeing this crucial level either. Many agree that a daily or weekly close above $61,000 would cement the end of Bitcoin’s price correction. This crucial price level was echoed in an analysis by Ali Martinez, another popular crypto analyst. 

    Bitcoin is now trading at $57,569. Chart: TradingView

    Martinez’s analysis is based on IntoTheBlock’s In/Out Of The Money metric, which tracks the number of addresses that are profitable and those that are in losses. As per Martinez’s take on this metric, Bitcoin doesn’t have enough demand levels to prop it up in case of a fall up to $47,000.

    Conversely, Bitcoin must close above $61,000 for the bullish momentum to return. The $61,000 level is a heavily contested zone with tons of trading activity. There are approximately 1.7 million BTC addresses collectively holding over 600,000 BTC waiting to turn a profit at this price point.

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    What’s At Stake For Bitcoin?

    Breaking past $61,000 is crucial for Bitcoin to prove its resilience and re-establish an uptrend. Failing to do so could reinforce the bearish narrative and trigger another sell-off. Crypto analyst Rekt Capital also noted that Bitcoin needs a daily close above $58,450 in order to fuel an upside to $60,600.

    Featured image from Getty Images, chart from TradingView

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    Scott Matherson

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  • Bullish Reversal For Bitcoin? Retail Investors Flood Back As New Addresses Reach 4-Month Peak

    Bullish Reversal For Bitcoin? Retail Investors Flood Back As New Addresses Reach 4-Month Peak

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    Recently, the price of Bitcoin (BTC) has entered a consolidation phase, fluctuating between $61,000 and $62,000 after a brief drop to $58,000 on June 24. While retail investors have shown renewed interest alongside institutional counterparts, the market faces a mix of bullish signs and potential headwinds.

    Retail Investors Return To Bitcoin 

    In a recent social media post, crypto analyst Ali Martinez highlights the resurgence of retail investors, as evidenced by a four-month high in new BTC addresses reaching 432,026, adding to the sentiment that investors are betting on a significant price increase for BTC in the coming months, despite recent price volatility. 

    BTC number of new addresses. Source: Ali Martinez on X

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    In a separate post analyzing BTC’s recent price action, Martinez also suggested that the largest cryptocurrency on the market is currently confined within a parallel channel, with a potential rebound to $63,200 or $63,800 if the lower bound at $62,500 holds. 

    In particular, Martinez cites the critical resistance areas of $65,795 and $78,700 as key targets if BTC breaks above them.

    However, not all news is positive for the Bitcoin market. In the past 72 hours, BTC miners have sold over 2,300 BTC worth approximately $145 million. This selling pressure adds to the US and German governments’ ongoing sell-off of confiscated BTC.

    Mining Industry Under Pressure 

    The mining industry faces challenges due to lower network fees and reduced block rewards resulting from the Halving event in April. 

    Kaiko Research notes that average network fees have decreased from $3 to $5, a significant drop from around $45 in January. The halving saw block rewards reduce from 6.25 BTC to 3.125 BTC, impacting miner revenue.

    This revenue squeeze has put pressure on miners, eroding profitability while fixed expenses such as energy, wages, and rent remain constant. The decline in network fees has further contributed to the reduction in revenue. 

    Historically, Bitcoin price rallies following Halving events have helped miners compensate for the drop in rewards. However, the price of Bitcoin has remained relatively unchanged since the April 19 software update.

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    In April, fees briefly surged to nearly $150 due to the increased minting of non-fungible tokens (NFTs) on the BTC blockchain. Although this temporarily relieved miners, fees have since returned to average levels. 

    According to Bloomberg, Marathon Digital, one of the largest Bitcoin miners, sold 390 BTC in May and plans to sell more tokens to manage its finances.

    Kaiko Research warns that the risk of forced selling by miners may persist in the coming months. As a result, the industry is expected to witness consolidation as miners seek to “consolidate assets” and “increase efficiency.” 

    Notable examples include miner Riot Blockchain’s “hostile takeover attempt” of Bitfarms Ltd. and CleanSpark Inc.’s recent agreement to acquire Griid Infrastructure Inc. for $155 million in an all-stock transaction.

    Bitcoin
    The 1-D chart shows BTC’s price consolidation. Source: BTCUSD on TradingView.com

    At the time of writing, BTC is still consolidating within its range at $61,880, down 2% in the 24-hour time frame, wiping out all gains in the past 30 days, as losses in this time frame amount to 9%. 

    Featured image from DALL-E, chart from TradingView.com  

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    Ronaldo Marquez

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  • Bitcoin Weekend Trading Volumes Plunge To Record Lows

    Bitcoin Weekend Trading Volumes Plunge To Record Lows

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    Bitcoin has long been a hallmark of the cryptocurrency markets, thriving on its 24/7 accessibility. Weekend trading, once a notorious breeding ground for volatility, has been especially significant in the cryptocurrency landscape.

    However, a recent report by Kaiko reveals a not so rosy picture – BTC weekend trading volumes have plunged to historic lows, potentially marking a new era dominated by institutional weekday warriors.

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    Bitcoin Trading Activity Takes A Nap

    Kaiko’s data is straightforward: Bitcoin weekend trading activity has shrunk dramatically, dropping from a high of 28% in 2019 to a mere 16% in 2024. This dramatic decline coincides with the highly anticipated launch of spot Bitcoin ETFs in the US. These exchange-traded funds, mirroring the behavior of stocks, can only be traded during traditional market hours.

    Source: Kaiko

    The influence of institutional investors, who tend to favor these regulated products, is evident. The report highlights a surge in Bitcoin trading activity during the “benchmark fixing window” – the final hour of US stock market trading. This suggests institutions are shaping new trading patterns, prioritizing weekdays over the once-active weekends.

    Source: Kaiko

    Beyond Weekends: A Multifaceted Market Transformation

    The decline in weekend activity isn’t solely attributable to ETFs. The closure of crypto-friendly banks like Signature and Silicon Valley Bank in March 2023 is another contributing factor. These institutions provided 24/7 infrastructure that enabled market makers to constantly place buy and sell orders. Their absence has created a void in weekend liquidity, further dampening trading activity.

    BTCUSD trading at $63,015 on the daily chart: TradingView.com

    However, the changing landscape isn’t all doom and gloom. The report offers a glimmer of hope for investors seeking stability. The reduced weekend volatility could make Bitcoin a more predictable asset, potentially attracting a new wave of institutional interest. Additionally, the historical trend suggests July could be a positive month for Bitcoin, with price increases observed in seven out of the past 11 Julys.

    Jitters On The Horizon?

    While the weekend trading scene may be quieting down, the coming weeks look to be somewhat turbulent for the crypto market. The potential approval of Ethereum ETFs could further fuel institutional involvement and potentially impact Bitcoin’s dominance.

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    The Road Ahead

    The dwindling weekend trading activity signifies a potential paradigm shift in the Bitcoin market. While the once-volatile weekends may become a relic of the past, the coming months promise to be eventful.

    Institutional investors are now in the spotlight, shaping new trading patterns and potentially ushering in an era of greater stability. However, this month could still introduce significant volatility, keeping investors on the edge of their seats.

    Featured image from Inc. Magazine, chart from TradingView

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    Christian Encila

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  • Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs

    Bitcoin Remains Bullish As New BTC Addresses Surge To New 2-Month Highs

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    June was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month, leaving many investors, especially short-term holders, disappointed.

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    However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing. New data shows the number of new Bitcoin addresses being created has surged to the highest level in two months. This growth suggests the long-term prospects for Bitcoin remain strong.

    New BTC Addresses Surge To 2-Month High

    Despite the price slump, the network is exhibiting a promising trend that signals future growth for the world’s largest cryptocurrency. According to Glassnode chart data initially shared on social media platform X by crypto analyst Ali Martinez, new BTC wallet addresses have risen steadily over the past week to reach 352,124, their highest level since April. 

    Interestingly, the chart shows that the recent uptick in new addresses contrasts with a larger decrease in the creation of new addresses since November 2023. This new increase points to an influx of new users entering the crypto space. As more people adopt Bitcoin, demand will inevitably grow, which is a catalyst for price surges down the line.

    Furthermore, Martinez suggested that the uptick in new addresses is from retail investors making a comeback. While institutional investors often drive major market moves, retail interest is crucial for Bitcoin’s mainstream adoption.

    A major part of the increase in new addresses can be attributed to recent adoption in the Brazilian market. Nubank, Brazil’s biggest neobank, recently announced plans to integrate Bitcoin’s lightning network into its services. As the largest fintech bank in Latin America, this integration could potentially expose a significant portion of its 100 million customers to the digital asset.

    Bitcoin is currently trading at $61,446. Chart: TradingView

    What’s Next For Bitcoin?

    At the time of writing, Bitcoin was trading at $61,446. The leading digital asset has lost over 10% of its market cap in a 30-day time frame and the bulls are struggling to break above $61,000. This downtrend could be attributed to a selloff by miners and many long-term holders. Specifically, around 40,000 BTC were sold by long-term holders in June. 

    Bear markets are temporary. Bull runs will return. It’s just a matter of when, not if. With the second half of the year now approaching, time can only tell how the price of Bitcoin unfolds. Of course, new wallet addresses don’t directly impact price, but they are a leading indicator of growing Bitcoin adoption.

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    This adoption and demand, coupled with a recent decrease in the number of new Bitcoins entering the market, points to an increase in the price of Bitcoin in July.

    Featured image from CNBC, chart from TradingView

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    Scott Matherson

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  • XRP: Pundit Says Missing This Altcoin Could Be A Big Mistake

    XRP: Pundit Says Missing This Altcoin Could Be A Big Mistake

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    A crypto pundit has declared that missing out on XRP, the native token of the XRP Ledger (XRPL) could potentially become the biggest mistake an individual can make. The analyst has expressed bullish sentiment on its dominance and future outlook following its possible integration into financial banking systems. 

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    Here’s Why Investors Should Not Miss Out On XRP 

    In a June 27 X (formerly Twitter) post, crypto analyst and avid XRP supporter, King Karan boldly demonstrated his confidence in the crypto’s long-term price prospects. According to Karan, missing out on XRP’s integration into the financial banking system could become one of the most profound mistakes for investors.

    The analyst has implied that its complete integration into the financial banking system could lead to substantial gains, potentially pushing the cryptocurrency’s price to new all-time highs. He has expressed complete confidence in XRP’s bullish prospects, asserting he would be satisfied with his investment timeline whether a price surge occurs tomorrow or in the next two years. 

    Karan’s bullish sentiment for XRP likely stems from Ripple’s plans to expand its digital asset operations to various trillion-dollar markets and the altcoin’s goal to replace the SWIFT network, a vast messaging network used by global banks and financial institutions. This potential integration could significantly expose XRP to new markets, fueling widespread adoption and potentially triggering a price surge for the cryptocurrency. 

    Earlier this year, reports disclosed a major achievement for the Ripple ecosystem, underscoring the potential for the coin to become adopted for international payments. Additionally, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty also predicted last year that XRP could once again be utilized for cross-border payments in the United States (US). 

    Kang’s deep-rooted belief in the digital asset’s eventual success in the market is heavily dependent on the cryptocurrency becoming adopted by financial institutions. Currently, XRP provides a more affordable and incredibly fast cross-border payment method than leading cryptocurrencies like Bitcoin. With XRP, cross-border transactions are completed in just three to five seconds, making it one of the fastest methods for international money transfers. 

    Kang has further disclosed that he will continue being bullish on XRP. He revealed his investments in a diverse array of altcoins, emphasizing his strategy of diversification to secure profits despite XRP’s current underperformance. 

    XRP is currently trading at $0.47. Chart: TradingView

    Other Key Developments That Could Prove Bullish For XRP 

    Beyond its adoption prospects within the financial banking sector, the conclusion of Ripple’s legal battle with the United States Securities and Exchange Commission (SEC) and the potential launch of an XRP ETF could trigger a significant bullish rally for the altcoin. 

    Ripple’s Chief Executive Officer (CEO), Brad Garlinghouse and President, Monica Long have also shared their support for an XRP ETF. Garlinghouse believes that the launch of an Ethereum Spot ETF would eventually open doors for the introduction of other crypto ETFs, highlighting that an XRP ETF was inevitable. 

    On the other hand, Long noted that introducing an ETF would be a highly sensible decision. 

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    Despite the optimistic remarks, XRP continues to trade sideways, experiencing a 2.28% decline over the past week and dropping to $0.47, according to CoinMarketCap. 

    Featured image from PlasBit, chart from TradingView

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    Scott Matherson

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  • Market Tremors: $10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?

    Market Tremors: $10 Billion in Bitcoin Dumped in May Alone, What Does This Signal?

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    Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

    Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

    Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

    When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

    Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

    In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

    Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”

    PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.

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    Samuel Edyme

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  • ‘Crypto Winter’ Arrives Early For The Altcoin Market As Venture Capital, Founder Selloffs Mount

    ‘Crypto Winter’ Arrives Early For The Altcoin Market As Venture Capital, Founder Selloffs Mount

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    Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.

    Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.

    Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.

    One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.

    Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.

    Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.

    However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.

    Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.

    With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.

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    Ronaldo Marquez

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