As the second half of the year begins, the major question on every investor’s mind is, will the rally continue? CoinGlass data shows that July has seen only three negative monthly closes since 2013 and the biggest decline was 9.69% in 2014. This suggests that bulls have a slight edge.Continue Reading on Coin Telegraph More
As a result of the move, users in Italy, Poland, Spain and France will be permitted to continue trading tokens including Zcash (ZEC), Monero (XMR), Decred (DCR), Horizen’s ZEN, Verge (XVG), Dash (DASH), Secret (SCRT), Firo, Navcoin (NAV), MobileCoin (MOB), Beam and PIVX.Continue Reading on Coin Telegraph More
A shift of this magnitude typically indicates that miners are looking to cash in on their holdings, possibly anticipating a price correction or looking to secure profits after the recent increase. The sellout will likely lead to an increased supply of Bitcoin on exchanges, which could exert downward pressure on the token’s price in the short term.Price-wise, has maintained a steady trajectory despite the major transfer from miners to exchanges. One factor contributing to this stability could be the relatively low trading volume characteristic of weekend trading sessions. While higher trading volumes generally lead to more price volatility, the lull of weekend trading might be tempering any immediate impacts of the miner sellout.It is important to note that such movements are not unusual in the crypto market, especially in a bullish cycle. Miners, just like any other investors, often take advantage of price increases to realize their profits. However, the size and timing of this transfer do underscore the potential for significant price movements in the near term.The market will be closely watching these developments and the potential impact on Bitcoin’s price trajectory. Whether this will result in a significant price correction or simply be absorbed by the market is yet to be seen.This article was originally published on U.Today More
As with other technologies, the adoption of crypto follows a classic bell curve: Starting from a small number of innovators, it grows as early adopters embrace it, moving into mass adoption as it expands to the early and late majority. Finally, it reaches those lagging behind in its final phase. Continue Reading on Coin Telegraph More
This development comes after several unsuccessful attempts to cross this resistance point. The past few weeks have seen test this level at least five times, only to face strong selling pressure that has thwarted its upward journey. This persistent struggle around the $1,915 mark only highlights the significance of this breakthrough.Source: The successful breach of this resistance level indicates that bulls are firmly in control of Ethereum’s market, a positive sign for its near-term price action. This could potentially signal the beginning of a new bullish phase for Ethereum, especially if it manages to maintain its position above this key level.However, there is a need to approach the breakthrough with caution. The breakout occurred toward the end of the week, a period often characterized by lower liquidity in the markets. With fewer trades taking place, price movements can be more volatile and potentially less reflective of broader market sentiment.Therefore, as we move into a new week, it will be crucial to see whether can sustain its position above the $1,915 mark. If it does, this could provide a solid foundation for further gains. If it cannot, Ethereum may be set for another bout of consolidation or possibly even a retest of lower support levels.Regardless of what happens next, Ethereum’s breach of this key resistance level is beneficial for bulls who have been aiming for $2,000 for a long time. Additionally, we shall expect a surge of volatility in the upcoming week, as bulls will try to push Ether to the local high again.This article was originally published on U.Today More
The total LUNC tokens burned by Binance now exceed 35.5 billion, with the community’s burn surpassing 68 billion. Traders have reacted positively to the burn, with LUNC seeing a 3% price increase.Continue Reading on Coin Telegraph More
In its recent court filing, Bittrex argues that the SEC does not have the authority to regulate cryptocurrencies as securities unless explicitly granted by Congress. This assertion challenges the SEC’s interpretation of existing securities regulations and seeks to establish a more defined regulatory framework accommodating digital assets. Continue Reading on Coin Telegraph More
On the 29 June episode of the Bankless Podcast, titled Restaking Alignment, Buterin revealed the “biggest reason” why he is only staking a small fraction of his Ethereum, as opposed to staking the entirety of it. He explained:Continue Reading on Coin Telegraph More
