Cryptocurrency

Large assets like Ethereum and Bitcoin suffered the most, with liquidations of ETH coming in at $109 million and BTC totaling over $140 million. The Bitcoin chart indicates a sharp rejection from resistance at $64,000, which caused the price to drop quickly to just over $61,000.Although there was a period of bullish expectation prior to this decline, Bitcoin is now back at a crucial point. While traders were anticipating a continuation of the bullish trends from prior years, it appears that the market misjudged the start of October, a month that has historically resulted in gains.All the charts seem to indicate otherwise. A breakdown above $60,000 could send the asset plunging even lower, perhaps into the high $50,000s. As of right now, Bitcoin is testing its support levels. There may be overly leveraged positions being taken out based on the high number of liquidations. Assuming the market would maintain its bullish momentum, many traders opened long positions. Nevertheless, these positions have been activated by the quick reversal, which is exerting additional downward pressure. The liquidation data indicates that long positions accounted for the great majority of liquidations, indicating widespread expectations of an Uptober rally. Now the question for Bitcoin is whether it can continue to rise above its important support levels. While the market needs to recover from the liquidation shock and find stability before any more gains can be anticipated, a recovery could revive hopes for a late rally this month. To ensure that Bitcoin does not fall into a more severe retracement, it is imperative that it stays above the $60,000 mark.This article was originally published on U.Today More

It will take place at roughly the same time as the annual DevCon event in Bangkok – between Nov. 7 and Nov. 17.Numerous leaders of the blockchain industry, including DeFi and NFTs, Web3 and gaming, will visit the event to become keynote speakers and arrange discussions on various important topics. There will also be various opportunities for networking for developers, influencers, content creators, etc., to meet like-minded individuals and exchange knowledge and experience with them.In the comments to Kusama’s tweet, the Shiba Inu community reacted with enthusiasm, anticipating the start of the event. Some users regretted that tickets cannot be bought using Shibarium tokens – SHIB, BONE or LEASH – and via Shibarium too.Over the past 24 hours, the situation has slightly changed for the better for SHIB – it has staged an increase of 4.7%, and at the time of writing, this material is changing hands at $0.00001688.On Tuesday, Bitcoin crashed by roughly 5%, falling from the $63,900 zone to $60,750. By now, the world’s flagship cryptocurrency has partly recovered its losses by rising 1.62% to reach the $61,730 level, where it is currently trading.Since yesterday morning, the SHIB community has managed to dispose of only 800,000 SHIB in a single burn transfer. Yesterday, more than 1,500,000 SHIB were burned, according to Shibburn.This article was originally published on U.Today More

The graph displays Bitcoin’s steady ascent, surpassing significant resistance levels that had previously kept the price low for several months. Although there appears to be a brief correction, the price has recently retraced slightly from the $65,000 level. It appears that the recent dip was a necessary correction that let Bitcoin cool down before maybe starting to rise again. The fact that Bitcoin has managed to maintain above important support levels like the $62,000 and $61,000 thresholds is a major factor in its strength. Because of the support provided by significant moving averages, these levels keep the asset stable and limit any significant short-term decline. As long as Bitcoin continues to trade above these levels, the bullish outlook is sustained. Bitcoin’s upward trend is sustained despite recent selling pressure due to growing confidence in global markets. Investors are increasingly considering Bitcoin as a hedge and a high-performing asset as a result of the ongoing global monetary easing and risk-on sentiment. Even though some volatility is to be expected, the price action of Bitcoin indicates that the bulls are still in charge. The current setup appears ready for more gains, particularly considering that October — dubbed Uptober by the cryptocurrency community — has historically been a strong month for Bitcoin.The upward momentum of SHIB is supported by multiple factors. Initially the solid support it discovered between the $0.000015 and $0.000016 levels serves as a basis for additional expansion. These ranges are essential to preserving the present bullish attitude. Shiba Inu is in a good position to aim for higher highs if it can maintain above these levels. In addition, the recent spike in trading volumes and increasing interest from institutional and retail investors lend credence to the $0.00002 price target. In order to facilitate smoother price movement and a possible breakout, the market is receiving more liquidity as SHIB continues to garner attention. Shiba Inu may reach the elusive $0.00002 level sooner than many may have predicted, thanks to this infusion of capital. Technically speaking, SHIB appears to be strengthening and recovering. A bullish reversal was indicated by the asset’s recent crossing of a number of significant moving average, including the 26-and 100-EMA. The upward trajectory will not change as long as these moving averages serve as support. But there are still difficulties. To fully validate its trajectory toward $0.00002, SHIB must overcome the immediate resistance levels at $0.000018 and $0.000019. Reaching the $0.00002 mark in the near future becomes quite possible once those levels are cleared.The $2,600 mark, which serves as immediate support, is one of the most important price levels to keep an eye on. Since it has been tested several times recently, ETH needs to stay above this level in order to keep its bullish outlook. The next target where the 200-EMA and other resistance levels converge is approximately $2,800 – if Ethereum is able to maintain its current level above this barrier. Reaching this threshold might pave the way for a bigger comeback. Ethereum may retreat to the $2,500 region or even lower, toward $2,400, where stronger support is located, if it is unable to hold its current levels. Ethereum’s ability to stay above the $2,600 and $2,800 levels will be crucial to its performance in the near future. A rally toward $3,000 and higher is possible if bulls can muster enough momentum to push ETH above $2,800. But giving up on support could pave the way for a longer consolidation period and a more thorough retreat.This article was originally published on U.Today More

Energy Web’s innovative app enables EV owners to decarbonize charging sessions with renewable energy Energy Web is proud to announce the beta launch of AutoGreenCharge, a mobile app designed to decarbonize electric vehicle (EV) charging. With AutoGreenCharge, users can ensure that every EV charging session is powered by renewable energy. The app is accessible to owners of popular electric vehicles, including Tesla (NASDAQ:TSLA), BMW (ETR:BMWG), Mercedes, and others, bringing the promise of green charging to a worldwide, mainstream audience.Powered by the decentralized technology of Energy Web’s EnergywebX and secured by the Polkadot blockchain, AutoGreenCharge offers a simple, secure, and verifiable solution to ensure EV charging is not just electric, but 100% renewable. By integrating renewable energy certificates (RECs), the app will automatically match EV charging sessions with clean energy, providing verifiable green charging in real time. While in the beta phase, users can familiarize themselves with the app’s core features and experience the future of EV charging firsthand.AutoGreenCharge allows EV owners to easily connect their vehicles through a partnership with Smart Car. Once connected, every charging session is automatically tracked, giving users detailed insights into their energy consumption and environmental impact. As the app evolves toward full production, users will be able to retire real renewable energy certificates with each charging session, ensuring their cars are powered by clean, sustainable energy sources. Additionally, they will have the option to specify preferences for the type and location of renewable energy, offering personalized access to solar, wind, and other clean energy sources from around the globe.With the beta version now available, EV owners are encouraged to download the AutoGreenCharge app and start participating in this transformative initiative. The app can be easily found on the testflight Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) Play Stores. As the app moves towards its full production release, users will play a crucial role in refining its features and improving the future of green charging.For more information, users can visit Energyweb.orgAbout Energy WebEnergy Web is driving the global energy transition through cutting-edge, open-source, decentralized software solutions. By leveraging blockchain technology, we create new market mechanisms and decentralized applications that empower energy companies, grid operators, and consumers to actively shape their energy futures. Our mission is to build a more resilient, efficient, and sustainable energy system for all.ContactJonathanjonathan@distractive.xyzThis article was originally published on Chainwire More

According to AI-based Analysis, there is now a 69% chance that Bitcoin could set a new all-time high this month, while a 54% chance exists that the price may reach $100,000 per BTC by year’s end.What is interesting is how October’s price history backs up the current forecast. Bitcoin has not had a bad October since 2018. On average, it gained 14.2% in the tenth month of the year, with a median return of 12.7%. This further supports the projections and, given Bitcoin’s price history record, it seems that the stars are aligning for a surge as we head into the fourth quarter.While the previous all-time high for Bitcoin was set at $74,000 earlier in March, there is a good chance the major cryptocurrency may break another record soon. The AI models are more confident now, and the price history is supportive. Thus, market participants who have been watching closely are preparing for potential gains. As Bitcoin keeps proving it can bounce back and grow, many now expect the last quarter to deliver the same strong performance that has made it an “Uptober” success story in the past.This article was originally published on U.Today More

This article was originally published on U.Today More

Shardeum continues to progress the roadmap to Mainnet LaunchShardeum, an autoscaling layer-1 blockchain ecosystem, announces the launch of Stage 3 of its Incentivized Testnet (ITN), Atomium, which commenced on October 1st, 2024. ITN Stage 3 will continue to encourage community engagement, prompting users to test the network for bugs, vulnerabilities, and performance issues to further fortify the network ahead of the Mainnet launch. This announcement follows the successful completion of the first two stages of ITN, which saw participation from over 540,000 users, including 11,000+ validators, and facilitated more than 5 million transactions. ITN Stage 3 will also operate in tandem with Shardeum’s second bug bounty program, further stress-testing their network for any final bugs and vulnerabilities ahead of Mainnet.Stage 3 is expected to run for 3 to 4 weeks, longer than the previous stages, reflecting the Testnet’s advanced maturity. Community participation and engagement have helped Shardeum fine-tune and further stabilize the network. The Stage 3 quest campaign will allow users to extensively stress test a broader range of on-chain activities and validator functionalities. In return, they can potentially earn rewards including SHM airdrops, XP (NASDAQ:XP), NFTs, and more.For more information on ITN Stage 3, including information on how to participate as well as specific details on operation, users can visit shardeum’s blog.About ShardeumShardeum is an autoscaling EVM-based layer-1 blockchain. Dynamic state sharding helps keep gas fees low and TPS high as participation grows. Shardeum performs consensus at the transaction level and lowers the computational power needed for validator nodes. This consensus mechanism makes it possible for anyone to run a node while increasing decentralization.ContactsDirector of CommunicationsPriyanka SharmaShardeummedia@shardeum.orgChief Growth OfficerKelsey McGuireShardeummedia@shardeum.orgThis article was originally published on Chainwire More

Furthermore, it appears that the price is resilient to future declines, as it is rebounding off support levels. On the other hand, caution is required. Although Bitcoin’s price has leveled off close to its support, there are some contradicting signs in the larger picture. Open interest volatility suggests there may still be a great deal of market uncertainty; the trader’s optimistic assessment depends on maintaining the current levels.Key price levels to watch include the $62,000 support, which has held firm during recent pullbacks. If Bitcoin falls below this, it might signal a change in direction toward a bearish phase. However, $65,000 stands in for a crucial level of resistance. If it is broken, bullish momentum may be rekindled, bringing Bitcoin one step closer to the much-anticipated $70,000 mark. Lastly, a resistance level around $68,000 is a little farther away but just as significant. In the past, Bitcoin has had trouble continuing its upward trend above this range. To see if Bitcoin moves into a consolidation phase or a bullish phase, it will be important to monitor how the market responds during these intervals.This article was originally published on U.Today More