Cryptocurrency

With the recent regulators’ scrutiny, data shows that BTC might be headed to the bear zone.According to the market intelligence platform Santiment, Bitcoin’s social volume has dropped by almost 88% over the past 24 hours. The notable fall comes as the asset’s price struggles to stay above the crucial $26,000 mark.BTC price, whale activity, social volume and exchange inflow – Aug. 28 | Source: SantimentQuite similarly, the number of BTC whale transactions, consisting of at least $100,000 worth of Bitcoin has also plunged from 4,210 to 755 over the past day, marking an 81.5% decline, according to Santiment.On the other hand, Bitcoin investors are still HODLing their assets, probably aiming at a higher price now as data suggests that BTC’s exchange inflow has dropped significantly.Per Santiment’s data, 6,941.33 BTC have entered exchanges over the past 24 hours, registering a 77.5% drop from the 31,075 coins that flowed into the exchanges on Aug. 27.Bitcoin is down by 0.5% in the past 24 hours and trading at $25,910 at the time of writing. The asset’s market cap is still holding at around $504 billion, while its 24-hour trading volume witnessed a notable surge of 35%, surpassing the $8 billion mark.According to a report on Aug. 25, the last quarter of 2023 is crucial for the flagship cryptocurrency as the next halving event gets closer. An analyst with the X (formerly Twitter) handle Filbfilb expects a bull run for Bitcoin before the end of this year.This article was originally published on Crypto.news More

What is fueling this optimism? Well, Shiba Inu has hit multiple support levels recently, creating a strong foundation for potential upward movement. The absence of significant resistance levels ahead adds to the bullish sentiment. In layman’s terms, the path of least resistance for SHIB appears to be upward, at least for now.Source: The upcoming trading week could be a defining moment for Shiba Inu. With a green candle already in play and several support levels reinforcing its position, SHIB has a favorable setup for a bullish reversal. Traders are eyeing this meme coin closely, as its recent behavior suggests it could be gearing up for a more substantial move.Based on the recent price data, Cardano’s price has been fluctuating between approximately $0.26 and $0.29 over the last 14 days. The RSI divergence suggests that the asset is potentially oversold, making it ripe for a bullish reversal. The sideways movement, coupled with this divergence, indicates that traders are becoming increasingly interested in ADA, setting the stage for a potential breakout.The anticipated surge in trading volume Monday could be the catalyst that needs. Increased trading activity often leads to significant price movements, and given Cardano’s current setup, the odds seem to favor a bullish outcome. If the trading volume does indeed spike, it could provide the necessary momentum for ADA to break free from its sideways trend and possibly initiate a new upward trajectory.First, let’s talk about what a Death Cross is. It occurs when a short-term moving average crosses below a long-term moving average, typically signaling a bearish trend. However, it is crucial to note that Ethereum has seen both Death Cross and patterns multiple times in the past, and they have not proven to be particularly effective indicators for this asset in recent months.Based on the price data from June to August 2023, Ethereum’s price has been fluctuating significantly, ranging from as low as $1,647 to as high as $1,945. While the asset has seen some volatility, it has not followed a consistent trend that could be reliably predicted by a Death Cross or Golden Cross.So, what does this mean for traders and investors? Essentially, while the Death Cross might be a red flag in some contexts, historical data suggests that it is not a surefire indicator of a prolonged bearish phase. The pattern has not been a reliable predictor for Ethereum, and given the asset’s inherent volatility and the broader market influences, it is unlikely to offer the kind of value that traders might expect.This article was originally published on U.Today More

Two executives in the decentralized social (DeSo) media space told Cointelegraph that as much as 99% of users moving into DeSo for the first time will end up quitting, either due to clunky onboarding or simply not knowing anyone.Continue Reading on Coin Telegraph More

FTX announced the decision on X (formerly Twitter) as a proactive measure to prevent future incidents or additional harm following the recent hack.Continue Reading on Coin Telegraph More

In an Aug. 25 X (formerly Twitter) thread, Juliano argued that builders should prioritize markets outside the U.S., as they will face fewer hurdles as they focus on platform growth and user adoption.Continue Reading on Coin Telegraph More

On Aug. 26, in a post published on X (formerly known as Twitter), Ardoino shed light on the curiosity sparked by the photo he shared on Aug. 24. The image displayed a container with a photoshopped Tether Energy logo, leaving many people pondering over what it’s all about. Continue Reading on Coin Telegraph More

In an Aug. 25 filing in the United States District Court for the Southern District of New York, SBF’s legal team said the plan proposed by prosecutors to allow the former FTX CEO access to discovery materials before trial was inadequate. Lawyers said the U.S. Justice Department produced roughly four million pages of discovery materials on Aug. 24, and there were “millions of pages of documents and terabytes of data” left for SBF to review for his criminal trial.Continue Reading on Coin Telegraph More

While its identity has now been attributed to Robinhood (NASDAQ:HOOD), questions still linger, as the financial giant has neither confirmed nor denied that it owns the address. Some on-chain analysts posit that the stash actually belongs to MicroStrategy, the U.S. business intelligence and analytics software firm, which holds 152,800 BTC, as per their recent submission to the U.S. Securities and Exchange Commission.Continue Reading on Coin Telegraph More