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CATEGORY: ema


Sep 28, 2024 05:50

Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here?

Several indicators point to renewed strength in altcoins, suggesting a potential altcoin season on the horizon. However, for confirmation, Bitcoin (BTC) dominance needs to drop further. Altcoin Market Cap Crosses 200-Day EMA Crypto analysts are closely monitoring various indicators that track altcoin behavior, with one critical metric being the 200-day exponential moving average (EMA). According [...]

The post Altcoin Market Cap Surges Past 200-Day EMA: Is Altseason Finally Here? appeared first on Crypto Breaking News.

Email auto-reply vulnerability allows hackers to mine cryptocurrency

Author: Cointelegraph by Ezra Reguerra
United States
Sep 26, 2024 12:00

Email auto-reply vulnerability allows hackers to mine cryptocurrency

Hackers exploit email auto-replies to spread crypto-mining malware, hijacking unsuspecting users systems to mine cryptocurrency without their knowledge.

SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion

Author: Sebastian Villafuerte
United Kingdom
Sep 25, 2024 12:05

SUI Price Sits 40% Below All-Time High As TVL Approaches $1 Billion

SUI has recently emerged as one of the top-performing altcoins, posting an impressive 120% surge since early September.  This rapid price increase has captured the attention of both investors and analysts, as data from DefiLlama reveals that SUI’s Total Value Locked (TVL) is approaching the $1 billion mark. The rising TVL has fueled speculation that SUI could be on the brink of reaching a new all-time high, with many pointing to its growing ecosystem and increasing adoption as key factors driving its momentum. Related Reading: XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally Key Levels To Watch Currently, SUI is testing a critical resistance level, which, if broken, could trigger a surge in price that may challenge its all-time high of $2.18. As market conditions continue to evolve and interest in decentralized finance grows, many are watching SUI closely for its potential to lead the next altcoin rally.  Should the resistance hold, the price may consolidate before making a stronger push higher. However, if bulls breakthrough, it could set the stage for a significant upward movement, positioning SUI as a standout performer in the crypto space. SUI Rising TVL Suggests Growing Demand  SUI has ignited a wave of optimism among investors and traders who view the Layer-1 blockchain as poised to become one of the biggest winners in the ongoing bull run. Key metrics and insights from analysts reveal a growing interest in SUI, driven not only by retail investors but also by institutions pushing its price higher.  On August 5, during a broader market crash, SUIs Total Value Locked (TVL) plummeted to $342 million. However, since then, the blockchain has staged an impressive recovery, with its TVL surging nearly threefold to $885 million, according to data from DeFiLlama. TVL is a critical metric that reflects the total dollar value of assets staked or locked within a protocol. A decrease in TVL indicates liquidity is being withdrawn, while an increase, such as SUIs 40% rise over the past 30 days, signals growing trust in the project and a healthier ecosystem. This sharp increase in TVL is a positive sign, suggesting that SUI’s network is attracting more liquidity and usage. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed Currently, the price of SUI is just 40% below its all-time high, creating an ideal setup for bulls who believe this project is poised for explosive growth. Many anticipate that SUI could be one of the breakout stars of this cycle, as its ecosystem continues to expand and investor confidence strengthens. Technical Levels To Watch SUI is now trading at $1.55 after a massive 60% rally since last Tuesday, showing strong momentum in the market. The price has increased with increasing volume, consolidating just below a key supply levela sign of strength and confirmation of a bullish trend. Bulls must keep SUI above $1.40 to sustain momentum. Once a supply zone, this level may now act as a new demand zone. Consolidating above $1.40 could drive the price to higher levels, specifically toward $1.71. Reclaiming $1.71, a crucial supply zone, would position SUI to challenge its all-time high. Breaking through this level would set the stage for further price appreciation and possibly a new ATH. Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? A deeper correction is possible if SUI loses its current price levels. Lower demand zones around $1.25 or even $1.17 might provide support. This would slow the rally, but the overall bullish outlook remains intact if the price stays within these key levels. Featured image from Dall-E, chart from TradingView

Wintermute launches OutcomeMarket, US election prediction tokens

Author: Cointelegraph by Derek Andersen
United States
Sep 18, 2024 12:00

Wintermute launches OutcomeMarket, US election prediction tokens

The new market will feature Chaos Labs Edge Proofs Oracle support, but probably wont be accessible in the United States.

Sep 17, 2024 12:05

Ethereum In Danger: Analyst Explains What Could Trigger Crash To $1,800

An analyst has explained how losing this on-chain demand zone could cause Ethereum to witness a crash to as low as $1,800. Ethereum Is Currently Retesting A Major On-Chain Support Zone In a new post on X, analyst Ali Martinez has discussed about how Ethereum is looking like in terms of investor cost basis distribution right now, citing data from the market intelligence platform IntoTheBlock. In the above chart, the dots represent the amount of ETH that was last purchased by investors or addresses inside the corresponding price range. As is visible, the $2,292 to $2,359 range stands out in terms of the size of its dot, suggesting that some heavy buying had occurred between these levels. Related Reading: Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly? More specifically, almost 52.3 million ETH was acquired by 1.9 million addresses inside this range. Since Ethereum is currently retesting the range, all these investors would be just breaking-even on their investment. To any investor, their cost basis is naturally an important level and thus, they may be more prone to making some kind of move when a retest of it happens. For ranges that host the acquisition level of only a small amount of holders, though, any reaction resulting from a retest isn’t anything too relevant for the wider market. In the case of price ranges that are huge demand zones, however, a retest can cause visible fluctuations in the asset’s price. The aforementioned Ethereum range naturally belongs to this category. As for how exactly a retest of a large demand zone would affect the cryptocurrency, the answer lies in investor psychology. Retests that take place from above, that is, of investors who were in profit just before the retest, generally produce a buying reaction in the market. This is because these holders may believe the asset will go up again in the future, so getting to buy more at their cost basis can appear like a profitable opportunity. As Ethereum is currently retesting the $2,292 to $2,359 range, it’s possible it may feel support and find a rebound. In the scenario that a break under it takes place, however, the cryptocurrency’s price may be in danger. From the chart, it’s apparent that the ranges below this demand zone only carry the cost basis of a small amount of investors, so they may not be able to prevent a further decline in the asset. Related Reading: Legendary Bitcoin Puell Multiple Finally Enters Buy Territory “If this demand zone breaks, we could see a sell-off driving ETH toward $1,800,” notes the analyst. A drawdown to this level from the current price would mean a crash of more than 21% for the coin. It now remains to be seen how the Ethereum price will develop in the coming days and if the on-chain support zone will hold. ETH Price After retracing its recovery from the last few days, Ethereum is back at $2,300, which is inside the aforementioned price range. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

Bitcoin strength wanes as crypto market stuck in 5 month structurally ordered downtrend

Author: Cointelegraph by Big Smokey
United States
Aug 28, 2024 12:00

Bitcoin strength wanes as crypto market stuck in 5 month structurally ordered downtrend

Bitcoins weekend rally to $65,000 has evaporated despite confirmation that the US Federal Reserve will cut rates in 2024.

Bitcoin Retests Key Support Amid Growing U.S. Demand and Market Optimism

Author: Arslan Tabish
Estonia
Aug 27, 2024 02:30

Bitcoin Retests Key Support Amid Growing U.S. Demand and Market Optimism

Bitcoin has been participating in a retest of its Pi Cycle Moving Average (MA) after recently achieving a daily close above this key technical indicator. In a recent X post, Crypto Rover explained that this retest is crucial as it could define whether BTC could build a new support at the Pi Cycle MA to […]

Give Crypto A Chance: Inside Paytacas Expanding Bitcoin Cash Adoption Map

Author: Shiela Bertillo
Philippines
Aug 26, 2024 02:50

Give Crypto A Chance: Inside Paytacas Expanding Bitcoin Cash Adoption Map

In an interview, Paytacas CEO shared the number of merchants locally and internationally that are now accepting BCH via their POS.

Jul 08, 2024 12:05

Bitcoin Critic Calls Institutional Demand A Myth Following Recent Price Slump

Popular Bitcoin critic Peter Schiff dismisses claims of growing institutional interest in the maiden cryptocurrency. Schiffs challenging statement comes following the recent Bitcoin market sell-off which resulted in a 10% price decline on Friday. Related Reading: Market Expert Predicts When Bitcoin Price Will Reach Its Cycle Highs Peter Schiff Claims Little Institutional Demand For Bitcoin According to blockchain analytics platform Lookonchain, the German and US governments, and defunct crypto exchange Mt. Gox have moved a combined 17,788 Bitcoin valued at $1.08 billion to exchanges since June 19.  In particular, the German government has sold parts of its BTC holdings every day since the start of July transferring out a substantial 3,000 BTC, worth around $175 million, on Thursday. The constant sell-off by the German and US authorities coupled with Mt. Gox repayments to creditors which are expected to be sold, soon resulted in massive selling pressure on BTC, forcing the tokens price down from $60,097 on Thursday to as low as $53,971 on Friday. Commenting on this event, Schiff stated in an X post on Saturday, that Bitcoins price slump demonstrated that the institutional demand for the market leader was overestimated. While the Bitcoin critic acknowledged that market sell-off contributed to the assets decline, he also emphasized the absence of a high institutional demand, which if existed, should jump at the chance to buy the massive amount of Bitcoin that has been sold. Schiffs comments are likely targeted at popular sentiments that Bitcoins institutional demand has been on the rise following the introduction of the Spot Bitcoin ETFs in January.  Notably, the market leader embarked on an upward trend in the first quarter of 2024 rising to a new all-time high of $73,750, a development which coincided with the rapid growth of the Spot Bitcoin ETF market which hit a $10 billion trading volume in March. Related Reading: Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000 Bitcoin Poised For Market Rebound, Analyst Says In other news, popular crypto analyst Rekt Capital has postulated that Bitcoin may be preparing for a market recovery following the recent price dip. In an X post on Saturday, Rekt Capital noted that Bitcoin closed its daily trading above $56,750 allowing the token to continue to remain within the range low area of $60,600. According to the analyst, if BTC continues to cluster around the price region, it could soon launch a price rebound reaching as high as $71,000. At the time of writing, the premier cryptocurrency continues to trade at $58,189 with a 2.45% increase in the last day. However, BTCs daily trading volume remains down by 63.35% and is valued at $20.61 billion. Featured image from Market Insider, chart from Tradingview

Wemix.fi suspends lending amid stablecoin liquidation issues

Author: Cointelegraph by Derek Andersen
United States
Jul 31, 2024 12:00

Wemix.fi suspends lending amid stablecoin liquidation issues

The issues with liquidating the WEMIX stablecoin were not detailed, but the blockchain game producer has problems enough to choose from.

Record $39.4B Bitcoin open interest suggests imminent price breakout

Author: Cointelegraph by Zoltan Vardai
United States
Jul 30, 2024 12:00

Record $39.4B Bitcoin open interest suggests imminent price breakout

Open interest is often used to gauge the interest and liquidity behind an asset. In Bitcoins case, the surge in open interest could signal an imminent breakout.

Direct client demand driving growth in BlackRock's Bitcoin ETF so far

Author: Cointelegraph by Derek Andersen
United States
Jul 26, 2024 12:00

Direct client demand driving growth in BlackRock's Bitcoin ETF so far

BlackRock head of digital assets Robert Mitchnick talked ETFs with Bloombergs James Seyffart at Bitcoin 2024.

BitGo integrates Stacks for Bitcoin rewards, following institutional BTC demand

Author: Cointelegraph by Zoltan Vardai
United States
Jul 19, 2024 12:00

BitGo integrates Stacks for Bitcoin rewards, following institutional BTC demand

The integration comes due to growing institutional demand for Bitcoin, according to Stacks ecosystem investor lead.

Jul 14, 2024 02:15

NVIDIA Grace CPU Enhances Mathematical Optimization Efficiency and Performance


NVIDIA Grace CPU shows significant improvements in mathematical optimization performance and energy efficiency, outperforming AMD EPYC servers. (Read More)

UK regulator alerts public to fake solicitor Bitcoin scam

Author: Cointelegraph by Amaka Nwaokocha
United States
Jul 12, 2024 12:00

UK regulator alerts public to fake solicitor Bitcoin scam

Email scams requesting cryptocurrency have been gaining popularity among criminals around the world.

Bitcoin mining to boost UKs renewable energy grid

Author: Cointelegraph by Savannah Fortis
United States
Jul 11, 2024 12:00

Bitcoin mining to boost UKs renewable energy grid

A UK-based Bitcoin organization is advocating to the new Labour government to implement a Bitcoin mining-based strategy to combat a growing problem of local electricity demand.

CoinGecko confirms email provider data breach, over 23,000 phishing emails sent

Author: Cointelegraph by Zoltan Vardai
United States
Jun 08, 2024 12:00

CoinGecko confirms email provider data breach, over 23,000 phishing emails sent

The email platforms security breach occurred due to a compromised employee account.

Jun 06, 2024 12:05

Fake Crypto Airdrop: Tethers CEO Warns Of Ongoing Supply Chain Email Exploit

Tether’s CEO Paolo Ardoino has alerted the crypto space to another wave of supply chain email scams in an X post. The CEO urged the community to exercise extreme caution while the issue is resolved. Related Reading: Solana-Based GameStop Tribute Token (GME) Soars 300% Following Roaring Kittys Return Exciting News: Its A Scam! On Wednesday, online reports surfaced of suspicious emails being sent to the crypto community. Per the reports, investors received emails from crypto companies offering an upcoming token airdrop. First, users received emails from Bitfinex announcing exciting news for the exchange. The email revealed an upcoming ERC20 airdrop of their new $BFX token for all Bitfinex users. The reason behind the airdrop was the recent approval of Ethereum spot exchange-traded funds (ETF). The email offered a claim now link that redirected to a website asking to connect to the users wallet. Despite the suspicious look of the email, investors doubted its legitimacy as it came from the crypto platforms official address. After being tested by the community, it was quickly revealed that the lookalike website was a scam page. An X user tested the page with an empty wallet and found they were not eligible for the airdrop. However, the user tried Rabby Wallets watch-only feature with a VB wallet. The user found that all the ETH would be sent to another wallet, so there was no airdrop for vb. The destination wallet was empty, which suggested that the scam generated a new wallet for each victim. The user confirmed the theory after testing it with a second wallet. This tactic would make tracking the number of victims and the money involved more difficult. Likewise, several users reported receiving strange emails from Coinbase asking to verify secondary addresses. The racist email claimed that the crypto exchange was shutting down and stated that all funds would be lost if they didnt verify their secondary email for withdrawal authorization. The email also came from the official Coinbase address. However, the post was unauthorized as the sender used racial slurs and doxed himself. Paolo Ardoino Warns Of Ongoing Crypto Scam Tether and Bitfinexs CEO, Paolo Ardoino, took X to address the situation. In his post, Ardoino revealed he had received reports from two independent sources confirming that a prominent vendor used by crypto companies had suffered a security breach. The vendor, which was not named, manages the mailing lists of several important crypto companies. Similarly, CoinGeckos COO Bobby Ong warned users about the ongoing supply chain email attack targeting the community: Several crypto companies may be affected via email blasts of fake token launches. Be careful with email newsletters in the coming days. Despite being affected by the security breach, Ong assured users that CoinGeckos website and mobile app had not been impacted and were safe to use.  Moreover, he clarified that the crypto-tracking website was not launching a token, nor did it have plans to. Its worth noting that this is not the first time a supply chain email attack has targeted the crypto industry. In January, a massive phishing campaign drained around $600,000 from investors after a scammer sent unauthorized emails from different crypto-related companies. Related Reading: Ethereum (ETH) Set For Glorious Year, Analyst Eyes $10,000 Target It was revealed at the time that a member of the exploited vendors customer support team became the initial point of compromise. As of this writing, there are no official reports of affected users or lost funds yet. Featured Image from Unsplash.com, Chart from TradingView.com

Coinbase sponsors WNBA cup, hosts fans at womens sports bars

Author: Cointelegraph by Derek Andersen
United States
Jun 28, 2024 12:00

Coinbase sponsors WNBA cup, hosts fans at womens sports bars

Coinbase treated womens sports fans to a comparatively sober night out.

Jun 22, 2024 01:25

Bitcoin Blockspace: Dynamics of System Resource Use

A look at the nature of different second layer systems, and how their different needs for blockspace will interact with each other and Bitcoin.

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