Cryptocurrency

Blockchain Life 2024, one of the world’s leading events in web3, cryptocurrencies and mining sphere, today announced the first wave of its esteemed speaker lineup for the 13th edition of the event.Bringing together over the 10,000 most influential figures from all over the world on October 22-23, the Blockchain Life 2024 promises to deliver powerful insights on making money during the current Bull Run.Among the first lineup of speakers are:A new feature of this forum is simultaneous translation of speeches into more than 70 languages ​​of the world. This option is free and is already included in the ticket.To secure a spot at Blockchain Life 2024 with a 10% discount and meet the team at the event, users can use chainwireFor more information users can visit: https://blockchain-life.com/ ContactMaria DeBlockchain Lifeinfo@blockchain-life.comThis article was originally published on Chainwire More

Licensed digital asset exchange HashKey Global is thrilled to announce the launch of its 4th project on HashKey Launchpool – UXLINK (UXLINK). Starting July 15, 2024, at 16:00 (UTC), users can lock their UXLINK & USDT tokens to earn UXLINK rewards over 5 days. Potential yield generation will commence on July 18, 2024, at 08:00 (UTC).By inviting friends to join, participants can grab an extra 50,000 UXLINK from the prize pool. Investors will receive 100 UXLINK per invitee who successfully joins the launchpool, on a first-come, first-served basis. Deposits for UXLINK open on July 15, 2024, at 06:00 (UTC), with spot trading starting on July 18, 2024, at 08:00 (UTC), and withdrawals opening on July 19, 2024, at 08:00 (UTC). UXLINK deposits and withdrawals will be available via the Arbitrum network.The UXLINK Launchpool offers 1,400,000 UXLINK in token rewards. Participants can join the UXLINK Pool (NASDAQ:POOL) with a total of 420,000 UXLINK in rewards and the USDT Pool with 980,000 UXLINK in rewards. The launchpool period runs from July 18, 2024, at 08:00 (UTC) to July 23, 2024, at 08:00 (UTC). KYC is required for participation.About HashKey GlobalHashKey Global is the flagship digital asset exchange under HashKey Group, offering licensed digital asset trading services to global users. HashKey Global is licensed under the Bermuda Monetary Authority’s full Digital Asset Business investor protection regime under a Class F Full License.HashKey Global has a compliant listing system and will offer mainstream trading services like LaunchPad, futures, leverage and staking.HashKey Global is at the core of HashKey Group’s global licensed exchange landscape.Note: HashKey Global does not conduct business in the United States, mainland China, Hong Kong, and certain sanctioned countries.For more details: global.hashkey.comDisclaimerContactSenior PR ManagerLuna WangHashKey Globalluna.wang@hashkey.comThis article was originally published on Chainwire More

The price of XRP has recovered significantly in the last 48 hours, rising to $0.5288. The 50 EMA at $0.4871, the 100 EMA at $0.5070 and the 200 EMA at $0.5295 have all been broken by XRP during this rally. Reaching these important benchmarks demonstrates the strong buying pressure and restored investor faith in XRP.Additional evidence of the bullish sentiment is the significant increase in the daily trading volume. This increased activity implies that more investors and traders are taking part, which will accelerate XRP’s upward trend. Although this points to significant buying interest, it also calls for caution because it might cause a temporary decline. On-chain data highlights the increasing interest in XRP even more.While the number of transaction transfers has increased to 1.47 million, the total number of transactions has surged to 2.55 million. These indicators point to increased activity and usage on the XRP network, which has caused a recent price increase.Shiba Inu, which is currently trading at $0.00001730, has recovered from its recent lows with encouraging signs. Key support levels such as the 50 EMA at $0.00001749 have been overcome by the token.In line with the general bullish sentiment observed throughout the cryptocurrency market, this upward movement suggests a possible reversal. SHIB is getting closer to the 100 EMA resistance level at $0.00002006 as can be seen on the daily chart. If this barrier is successfully broken above, SHIB may reach greater heights, and the bullish trend will be further validated.As a potential obstacle to continued upward momentum, traders should be aware of the strong resistance the 200 EMA presents at $0.00002041. Trading volume is still a concern even with the positive price action. A strong market participation may not be providing enough support for the recent price gains, as evidenced by the lack of a corresponding increase in volume.With a current market value of $60,128, Bitcoin has demonstrated unexpected yet powerful performance. With the recent price movement, Bitcoin has broken through significant resistance levels, such as the 100 EMA at $62,559 and the 50 EMA at $60,478.The 200 EMA at $64,125 is the next noteworthy resistance level to keep an eye on. The road to $70,000 becomes much more obvious if Bitcoin can continue to rise and break through this barrier.Numerous assets are performing well, and the cryptocurrency market has been rebounding. This general feeling of optimism is probably going to help Bitcoin too. Furthermore, the demand for Bitcoin is still being driven by macroeconomic factors like institutional interest in cryptocurrencies and concerns about inflation.In addition, market analysis and on-chain data indicate that solid fundamentals underpin Bitcoin’s bullish path. Positive trends can be seen in metrics like the hash rate, transaction volume and the number of active addresses.This article was originally published on U.Today More

The netflow metric shows a big increase, corresponding to an addition of more than 70,000 BTC, equivalent to more than $4.3 billion. This accumulation occurred at a time when the price of Bitcoin fell sharply to a low of $55,550. The timing suggests that the whales took advantage of the lower prices to add significantly to their positions.Following this accumulation, the price of BTC rebounded impressively, rising 10.3% to over $60,000 per BTC. This rebound underscores the impact of whale activity on the cryptocurrency market, highlighting how strategic moves by large holders can influence price trends.The large holder netflow metric serves as a valuable indicator of large investor behavior. Spikes in this metric typically signal accumulation, while dips indicate reduced positions or selling. This week’s spike in netflow coincides with the recent drop in price, suggesting that the whales saw the lower prices as a buying opportunity.The rebound in the price of Bitcoin following their accumulation begs the question: Could this be a sign of market manipulation by the most powerful entities?This article was originally published on U.Today More

In a tweet, Saylor declared, “Bitcoin is the bridge from chaos to hope.” This he posted alongside a clip from Fox Business showcasing BTC’s yearly performance compared to major asset classes. Notably from 2013 till 2023, Bitcoin has led gains among major asset classes in eight out of eleven instances, showcasing a standout performance.Saylor’s statement comes at a time when global economic uncertainties and market volatility are prompting investors to seek alternative assets. In recent weeks, Bitcoin’s decline from its March record accelerated as concerns about Mt. Gox, the German government’s Bitcoin sales and the potential of higher-for-longer U.S. borrowing costs stoked the crypto markets.A net $737.5 million was added to the 11 ETFs in the four days leading up to Thursday, lifting the Bitcoin price higher after falling to lows of $53,602 on July 5.At the time of writing, BTC had recovered its weekly losses and was up 5% in this time frame. Bitcoin was up 3.7% in the last 24 hours to $60,272, following intraday highs of $60,431. If today closes in the green, Bitcoin will mark its third consecutive day of gains.As Bitcoin advances higher, key resistance levels for Bitcoin to monitor, according to crypto analyst Ali Martinez, are $61,340 and $64,620, meanwhile the crucial support level to watch is $57,670.However, Bitcoin’s upward price action still necessitates a bit of caution as it trades slightly above the 200-day SMA at $59,207. Ali urges traders to wait for a sustained close above the 200-day SMA to confirm the continuation of the BTC uptrend.This article was originally published on U.Today More

We saw a significant market rotation yesterday: The Russell 2000 Index (IWM) increased by more than 3%, while the Nasdaq fell by more than 2%. A similar rotation signaled the start of a massive rally in Bitcoin and altcoins in November 2020, and this shift suggests a move toward riskier assets.The total altcoin market cap increased 400% over the next four months after the IWM surge at that time. There are grounds for thinking that something like this could happen again. There are a number of indicators that suggest that the cryptocurrency market, including Bitcoin, may be trending positively.It appears from recent data that Bitcoin miners who have been liquidating their holdings are starting to give in. It is possible that a price recovery will be facilitated by this easing of selling pressure and the downward momentum. Germany was the biggest Bitcoin seller in the last few days, and it seems like they are finally done with it.The price trend of Bitcoin appears to be reversing, according to a number of mean reversion indicators. These indicators, which measure the price of Bitcoin’s deviation from its historical mean, imply that the present undervaluation may eventually correct itself, resulting in higher prices.Additionally, encouraging signs can be seen in the technical on the Bitcoin price chart. After recently recovering from the 200 EMA support level at $58,201, the price of Bitcoin is currently trading at about $60,265. The next resistance levels to keep an eye on are the 50 EMA and 100 EMA. If these levels are broken above, it may validate a bullish trend and pave the way for yet another significant rally.This article was originally published on U.Today More

A coin dominance is a ratio of its market cap to the cumulative market cap of cryptocurrencies. It is calculated by dividing the coin’s market cap by the overall market cap of the top 125 coins and multiplying it by 100.The fact that Bitcoin has hit a three-year high in dominance could indicate a potential altcoin bull run.Glassnode co-founders support this view based on risk-on market. This indicates that investors are placing their bets on riskier assets that are likely to generate greater returns.Analysts pointed to the fact that the tech-heavy Nasdaq index declined 2% on Thursday. For comparison, the iShares Russell 2000 ETF (IWM), an index that is composed of small-capitalization stocks, was up more than 3%.This indicates that investors are placing their bets on riskier assets that are likely to generate greater returns.This article was originally published on U.Today More

According to CNBC, the JPMorgan CEO issued a warning about inflation on Friday despite recent signs of easing in price pressures. Bitcoin rose more than 2% in today’s trading session, surpassing $58,000.”There has been some progress bringing inflation down, but there are still multiple inflationary forces in front of us,” Dimon said in a statement accompanying the bank’s second-quarter earnings. “Therefore, inflation and interest rates may stay higher than the market expects.”Dimon’s remarks come after this week’s data revealed that the monthly inflation rate fell in June for the first time in more than four years, fueling speculation that the Federal Reserve might drop rates soon.Fed Chairman Jerome Powell expressed concern earlier this week that keeping interest rates too high for too long could damage economic development, hinting that rate cuts could be on the way if inflation continues to rise.After reaching an all-time high of about $74,000 in mid-March, Bitcoin has fallen by about 21%. Contributing to the decline are fluctuating expectations for U.S. interest rate reduction, which have reduced demand for most risky assets.Stubborn inflation prompted traders to lower their expectations for Federal Reserve interest rate reduction this year, posing a challenge to speculative assets such as cryptocurrency. At the time of writing, BTC was up 1.18% in the last 24 hours, trading at $58,527.In the coming days, the market will be watching to see how JP Morgan CEO’s inflation warning will affect cryptocurrencies.This article was originally published on U.Today More