Aurelia Butler

Now, the value of Bitcoin held in it has skyrocketed by almost 8,000%, making its owner a millionaire. This was the fourth dormant BTC wallet that had awakened over the past week.While this wallet bought these coins back in 2013 and 2014 at an average price of $731 and back then this crypto was worth $737,000, by now, it has staged a whopping 7,634% price increase and is valued at a staggering $56,924,352.Chinese cryptocurrency journalist and blogger Colin Wu has reported that this dormant whale has transferred all his crypto to a new wallet by now. Earlier this week, three other dormant wallets came back to life holding a lot of Bitcoin — $1.14 million, $2.6 million, $6.9 million in the Bitcoin equivalent.The price increase took place despite the U.S. and German governments continuing to dump massive chunks of Bitcoin on the market, and they have now been joined by Mt. Gox. The early and non-functional for the past 10 years crypto exchange has finally started paying the Bitcoin and Bitcoin Cash it owns to its investors and traders.Still, a positive non-farm payroll report came out for June on Friday, showing a rise in employment, and this allowed Bitcoin to regain some of its recent losses.This article was originally published on U.Today More

This happened while the global flagship cryptocurrency staged a 4.89% recovery over the last 24 hours, pushing away from the $53,900 zone it hit on Friday.On Friday, digital gold began to reverse, at least for now, and printed a nearly 5% increase, rising from $53,900 to the $56,550 level, where it is changing hands at the time of this writing.The price increase happened as the U.S. released the June non-farm payrolls report, which came out with figures better than expected by analysts initially — 206,000 versus 190,000 expected.The U.S., the German governments and the defunct Mt Gox crypto exchange began transferring Bitcoin on June 19. Cumulatively, they have moved $1.08 billion in Bitcoin, which is 17,778 BTC. Since July 1, the German government has been selling Bitcoin every day, according to the Lookonchain smart wallet tracker. Now, these entities together hold a whopping 396,210 BTC evaluated roughly at $22.78 billion. The U.S. government holds 213,297 BTC (evaluated at $11.72 billion), Germany still owns 41,226 BTC (worth $2.28 billion), while Mt Gox so far holds 141,687 BTC, which equals $7.78 billion.Mt Gox has started repaying Bitcoin and Bitcoin Cash to the investors who suffered from its hack in 2014.The Bitcoin held by the governments was mainly confiscated from illegal operations and money laundering. The U.S. government also still holds Bitcoin seized during the shutdown of the Darknet marketplace Silk Road founded and ran by Ross Ulbricht more than 10 years ago until it was shut down in 2013.This article was originally published on U.Today More

DogeLend, a newly launched ERC20 token, aims to capture the viral appeal of Dogecoin while offering a unique twist. This press release provides news on DogeLend’s concept, market positioning, and strategic plans.The Rise of Dogecoin and Meme CoinsDogecoin, originally created by Billy Markus and Jackson Palmer as a satirical response to cryptocurrency hype, evolved into a significant cultural phenomenon. Its unexpected rise in value has highlighted the potential of meme coins. However, with Dogecoin’s price fluctuations, the market has been seeking fresh opportunities, leading to the emergence of DogeLend.What Is DogeLend?DogeLend is an ERC20 token inspired by Dogecoin’s success. It aims to tap into the same viral energy while introducing innovative features. The token is currently in its presale phase, generating notable activity in the cryptocurrency community.DogeLend’s Distinctive FeaturesThe total supply of DogeLend is 250 billion tokens, divided as follows:Future Plans and Market StrategyPresale Participation: The DogeLend presale is currently live, offering a chance for early involvement at a low initial market cap.Staying Informed: Participants are encouraged to follow DogeLend’s official channels for updates on ongoing developments.ConclusionDogeLend presents a new development in the cryptocurrency market, with a strategic and innovative approach. The DogeLend team believes that those seeking to explore the potential of meme coins may find DogeLend a noteworthy option.About DogeLendDogeLend is an innovative ERC20 token that seeks to build on the legacy of Dogecoin. With a strategic focus on capturing the viral appeal and community-driven nature of meme coins, DogeLend offers an opportunity through its well-structured token distribution and future product developments. Engaging in strategic marketing and leveraging the nostalgia associated with Dogecoin, DogeLend aims to create a sustainable and dynamic presence in the cryptocurrency market. More

Bitcoin’s first significant support level is likely to be between $52,000 and $50,000. Because of the psychological effect of the round number, this range is important. Furthermore, historical evidence indicates that this range has previously functioned as both resistance and support, making it crucial for a possible reversal.Examining the weekly chart, we can see that the $47,000 level is critical. This level is in line with the weekly 200 EMA and relates to a prior consolidation phase. According to many, the 200 EMA is a long-term support level, and a bounce from this mark might give Bitcoin the momentum it needs to start rising again. If Bitcoin falls from this level, it may signal a more significant correction. In the $42,000–$40,000 range is the next noteworthy support zone. Historically, this region has served as a solid support level and the base of significant corrections. Its significance is increased by the fact that the 200 EMA on the daily chart also resides in this range. Maintaining this level might stop more sizable drops and even pave the way for a rebound.There are several reasons for the sudden drop in Toncoin’s value. First, a number of cryptocurrencies have seen large sell-offs as a result of the general bearish sentiment on the market. The market has been affected negatively, including Toncoin, as a result of Bitcoin’s recent decline below crucial support levels. The price of TON has crossed above the 50 EMA and is presently circling around the 100 EMA, according to an analysis of the technical indicators. Although there have been strong support levels at this level in the past, there are worries that they may not hold this time due to the severity of the recent sell-off. Additionally, there has been a noticeable decline in the Relative Strength Index (RSI), suggesting that Toncoin is approaching the oversold region. Prices may continue to decline despite the possibility of a brief uptick due to the general bearish momentum. Particularly considering the general pessimism on the market, Solana’s recent performance is impressive. Solana has managed to gain 8% during the substantial declines of major assets such as Ethereum and Bitcoin. This suggests that there may be underlying bullish factors and that investor confidence is strong. Observing the daily chart, Solana is now targeting the 100 EMA after breaking above its 50 EMA, a crucial resistance level. This upward trend is especially noteworthy because it stands in stark contrast to Ethereum’s downward trajectory. Additionally, there appears to be more buying pressure and momentum supporting Solana’s price action, as indicated by the rising Relative Strength Index (RSI). However, it is important to keep in mind that Solana is still losing value against the U.S. dollar.This article was originally published on U.Today More