Cardano (ADA) Eyes 20% Price Surge Funding Rate Suggests Increasing Demand

Cardano is trading at a crucial supply level that could spark a significant rally to new highs. After last weeks interest rate cut, optimism has surged among analysts and investors, with many anticipating strong upward momentum for the altcoin.  This positive sentiment is reflected in spot trading and the futures market, where key data from [...]

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Runway Introduces $5M Fund to Support AI-Augmented Film Projects

Runway launches The Hundred Film Fund to support AI-augmented film projects with up to $5M in funding, potentially growing to $10M. (Read More)

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Bitcoin Could Top At $400,000 Based On This Model, Analyst Says

An analyst has explained how the next Bitcoin top could be situated around $400,000, if this model for the asset’s price continues to hold. Bitcoin Long-Term Power Law Could Reveal Possible Location Of Next Top In a new post on X, analyst Ali Martinez has talked about what the Long-Term Power Law could say about the next potential Bitcoin top. The “Long-Term Power Law” here refers to a BTC price model created by Bitbo. The model involves three lines, the main one being the “power law,” which is derived by taking a linear regression of the historical BTC price. “This power law is just a straight line to represent the correlation between Bitcoins price and time,” notes Bitbo in the model’s description. Related Reading: Bitcoin MVRV Ratio Is At A Critical Retest: Can Bulls Triumph? The other two lines of the model are just replicas of the power law, with the only difference being how they are arranged on the chart. One of these lines is placed under the power law just enough that BTC’s historical price either stays above it or touches it. This level of the model is called the support line. Similarly, the other line sets an upper boundary on the cryptocurrency’s price and is known as the resistance level. Now, here is a chart that shows the trend in the Bitcoin Long-Term Power Law over the history of the asset: As is visible in the graph, Bitcoin’s spot price is currently being traded under the power law. The asset retested the line earlier in the year when it set its new all-time high (ATH) but couldn’t find a break. Despite the recent bearish action, though, BTC still has some distance over the support line of the model. The graph shows that Bitcoin set three of its major tops around the resistance line. However, the 2021 bull run top occurred before the asset could reach the level. Thus, it’s unknown whether or not the current BTC cycle will follow the lead of the earlier three. Related Reading: Is Altcoin Season Coming? These Two Signals Could Suggest So “If the Bitcoin Long-Term Power Law holds, the next market top might hit around $400,000!” notes Martinez, based on the fact that the resistance level would assume a value around that mark next year. As for when exactly BTC could hit its next cyclical top, the analyst has also discussed it in another X post, sharing the chart below for the asset’s performance during the last couple of cycles. “If this Bitcoin cycle follows the last two, we could see a market top in about a year, around October 2025!” says Martinez. BTC Price Bitcoin has been moving sideways over the last few days as its price still floats around the $63,200 mark. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

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Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000?

Bitcoin has experienced a significant price surge since Tuesday, following the Federal Reserve’s announcement of a 50 bps interest rate cut. This move pushed BTC past the critical $62,000 mark, a psychological level that has become a turning point for investor sentiment. With Bitcoin now testing local supply, market participants are closely watching for further upside potential. Related Reading: Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near? As the price continues to push higher, analysts are pointing to crucial data indicating a potential shift in Bitcoin’s trend after months of downtrend price action. Glassnode metrics reveal a notable trend change, suggesting BTC may be entering bullish territory once again. This resurgence is drawing increased attention from both retail and institutional investors as they evaluate whether Bitcoins rally has staying power or if the market will face resistance at higher levels. With renewed momentum, the coming days will be critical in determining if Bitcoin can sustain this upward trajectory and fully break out of its previous bearish phase. Bitcoin Signals A Bullish Return  Bitcoin investors have seen sentiment shift dramatically from fearful to hopeful in just a few days. Following the Federal Reserves rate cut announcement on Wednesday, Bitcoin surged over 8%, breaking critical levels and testing local supply. This sudden price action has sparked renewed optimism in the broader crypto market, giving investors hope for a fresh start after months of bearish price movement. Prominent crypto analyst Ali Martinez has shared valuable insights on X, drawing attention to key data from Glassnode that suggests a significant shift in Bitcoins price trend. Specifically, Ali highlights the Market Value to Realized Value (MVRV) ratio, which tracks the difference between BTCs market price and its actual value. The MVRV ratio, which had been in a downtrend since April, is now rising, signaling that Bitcoin may be regaining strength. Ali notes that the MVRV is a critical indicator for assessing momentum, and the current upward trend hints at a potential return to bullish territory. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed The analyst further explains that if the MVRV can close above its 90-day moving average, it would confirm a stronger bullish outlook for Bitcoin. Given the aggressive price surge and the increasing demand reflected in recent price action, this scenario seems increasingly likely. Investors are now watching closely, as Bitcoins next moves could mark the beginning of a new bull phase. Technical Levels To Watch Bitcoin (BTC) is trading at $63,024 after days of consistent “only up” price action since hitting local lows. The price recently broke above the daily 200 exponential moving average (EMA) at $59,350 and is now testing the critical daily 200 moving average (MA) at $63,954.  This daily 200 MA is a key long-term indicator, signaling overall market strength. If Bitcoin can reclaim this level as support, it would likely trigger a significant price surge, bolstering the bullish outlook. Related Reading: XRP The Safest Investment To Make 100% ROI Former Asset Manager Shares Price Targets For bulls to maintain momentum, the next target would be around this critical level, with a potential push toward $65,000, a price last tested in late August. However, should BTC fail to hold above $60,000 in the coming days, investors may see a retracement to lower demand levels. The ability to stay above key support zones will determine the next phase of price action. Featured image from Dall-E, chart from TradingView

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Runway Introduces API for Gen-3 Alpha Turbo Model

Runway has launched a new API for its Gen-3 Alpha Turbo model, enabling developers to integrate advanced AI into their apps. (Read More)

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The Sandbox (SAND) Targets 8,600% Growth as Crypto Market Shifts In 2024

Alan Santana has recently expressed a bullish sentiment regarding The Sandbox (SAND), suggesting that it could be currently in the middle of a crucial accumulation period with tremendous upside. In his consideration, the prices at the current market are at the lowest, and those who invest now are likely to gain a lot in the […]

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Bitcoin price eyes last dip before October breakout: Analysts

Bitcoin analysts are eying an October breakout, despite the current market slump, partly caused by continuous negative outflows from the US Bitcoin ETFs.

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5 Bearish and 4 Bullish Factors for Bitcoin (BTC) in September

Bitcoin has mostly kept its footing around $60,000 since March, although bulls have failed to capture new ground. What does September hold for BTC?

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This Is How Bitcoin (BTC) Could Resume its Bull Run and Chart New ATH

Regulatory develoments, market sentiment, and increased adoption are among the listed factors.

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Forgotten Runiverse Beta Testing, Point System for Earning Rewards Begin

MMORPG Forgotten Runiverse launched its Open Beta "New Foundations, introducing a new Donuts point system for players to earn through quests.

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Bitcoin Breaks $64,000, But This Pattern Could Mean Bull Run Isnt Safe

On-chain data shows the Bitcoin Supply in Profit indicator has been forming a pattern recently that could put the bull run into jeopardy. Bitcoin Supply In Profit Has Seen Multiple Dips Into “Transition” Zone Recently As an analyst in a CryptoQuant Quicktake post explained, the recent “Supply in Profit” trend could suggest a potential entry into [...]

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Bitcoin Runes records 15.6M NFT transactions in 4 months

Bitcoin Runes, a leading NFT protocol, generated $162.4 million in fees with over 15.6 million transactions, showing potential for a long-term market impact.

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THORChain (RUNE) Prepares for September 2024 Hard Fork

THORChain is set to undergo a hard fork on September 4, 2024, at 4pm UTC, bringing several upgrades and planned downtime. (Read More)

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Bitcoin parabolic rally may start in Q4, according to historical price data

Q4 could be a blockbuster moment for Bitcoins price as a multi-year historical price trend holds up.

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THORCHAIN PRICE ANALYSIS & PREDICTION (August 18) Rune Faces Rejection After Testing $4, Can It Overcome This Key Level?

After providing bigger discounts for long-term accumulation earlier this month, Rune increased for two weeks and tested a key level today. It saw a rejection and turned weak, looking poise for a drop on the day. Runes bearish structure remains intact on the daily timeframe, although it has been showing […]

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RUNE Up 17% After Talks Of Major Partnership Hit The Market Details

Some buzz has now surrounded ThorChain after new on-chain info dropped that might change the trajectory of RUNE, its native token. According to CoinGecko, RUNEs trajectory is upward with a whopping 17% gain since last week. This shows that investors believe RUNE has long-term potential once the effects of its latest developments are reflected on the platform. Related Reading: Despite A Stormy Market, Dogecoin Addresses Skyrocket To Over 6 Million Word has recently spread that ThorChain might be integrated with OKX in the future. This significantly changed investor outlook on the platform as integration with OKX, a major centralized exchange, will be a big factor for RUNEs movement in the future.  Big Things To Come In The Future For RUNE According to X user Rayyk, the OKX has been using ThorChain infrastructure to facilitate transactions in recent months. Metrics-wise, OKXs use of Thorchain is primarily in swaps, making the latter a vital part of OKXs swap volume.  In Rayyks thread, OKX and ThorChains swap volume reached 20 million within just one week, showing ThorChains reliability despite the high volume. ThorChains capabilities in swaps involving Bitcoin complement OKXs support for Bitcoin-based features like ordinals and BRC-20 tokens.  Word is out that @THORChain may be integrated into the @okxweb3. This is huge because it is backed by @OKX, one of the top 3 CEX by volume. As we await the official announcement, follow this thread to see how much volume OKX wallet has transacted with THORChain so far. pic.twitter.com/CX0ZtbHKA6 Rayyyk (@rykcrypt) August 14, 2024 Swell, a new staking platform, also recognized this capability. According to their announcement post about their newly launched swBTC, ThorChain will be used for native BTC swaps.  These are not the only things that ThorChain is currently involved with. In a recent interview, ThorChain lead @jpthor was asked about the platform’s new project. When asked about Trons possible integration, he replied: Look, all I can say is a Telegram chat has opened, and once a Telegram chat is open, it is a group chat, its getting done. RUNE Will Continue To Rise Because Of These Factors RUNE is currently on a great support level as it continues to rise amidst the bullishness the market is experiencing. At its core, the token is trading between the $3.5-$3.8 price range which may come in handy in the coming days. Related Reading: Cosmos Price Analysis: Why This Analyst Says ATOM Has A Great Chart RUNE will break through in the coming days as the hype continues to push investor confidence at its highest. With the market continuing its upward momentum in the coming days, investors and traders should be able to get massive gains. The current trading range also opens up $4.4 for retaking in the long term. However, if the market does a reversal and loses the bullish momentum it has, RUNE might fall to the $3 price floor.  For now, investors and traders should be able to accumulate in the long term with open opportunities on-chain and on the market for massive gains.  Featured image from Pexels, chart from TradingView

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Brace For Impact: Ethereum Price Could Plunge To $1,200 In December, Says Expert

Ethereum (ETH) price has struggled amid another market shakeout. The second-largest cryptocurrency by market capitalization fell below the $2,600 support zone for the third time in the past week, prompting crypto analysts to evaluate the next levels to watch out. Related Reading: Is Ethereum Poised for Inflation? Supply Reaches New High as Staking Takes Off ETHs Key Support Zone To Watch Out The crypto market has seen several retraces throughout the cycle, with cryptocurrencies like Ethereum significantly decreasing from its Q3 opening. Since July 1, the king of altcoins has seen a 24% drop from the $3,400 support level. Following its fall below the $2,100 mark during the Black Monday crash, ETH has hovered between the $2,300 and $2,700 range. The cryptocurrency has recovered around 18% of its price while tries to reclaim the $2,600 level. Nonetheless, the recent market shakeouts have made the price retest the strength of the $2,500 support zone three times in the last two weeks, which turned experts wary of ETHs next step. Renowned crypto analyst Ali Martinez stated that investors should pay attention to a key support zone after Ethereums performance. To Martinez, the $2,300 and $2,380 price range should be watched if ETH continues its downward trend. According to the In/Out of the Money Around Price (IOMAP) chat shared by Martinez, 1.62 million addresses bought over 50 million ETH at this zone, making it the next wall of support for Ethereums price. If the cryptocurrency fails to hold this level, its price could drop to $2,200 and even levels not seen since February. Will Ethereum Drop To $1,200 This Year? Other experts have suggested that the second-largest cryptocurrency could see its price drop even lower, as even giants will fall. Top analyst Benjamin Cowen stated that the collapse of ETH/BTC is almost completed. A year ago, Cowen forecasted that the collapse of the trading pair would mark the end of the altcoin reckoning. He explained that altcoin reckoning refers to the devaluation of the altcoins on their BTC pairs. The analyst added that ETC/BTC was the last one to rise in the bull and it can be the last to fall in the bear. To him, this trading pair has four more months before it goes up next year. Additionally, Cowen predicted that Ethereums price could hit the $1,200 price range in December if its performance is similar to the last two cycles. Crypto investor Ted Pillows urged investors to hold on throughout the troubled waters, suggesting that a $10,000 is still possible. To the trader, the King of altcoins is not dead based on different factors. Ted highlighted that spot Ethereum exchange-traded funds (ETFs) inflows have increased while Grayscale outflows have progressively gotten smaller, and Jump Trading has only around $60 million in ETH to sell. Related Reading: Will Bitcoin (BTC) Trade Back Above $70,000 By September? Analysts Weigh In Moreover, ETH is strongly holding its support level, which he deemed the most important factor. Ultimately, the investor Predicts that the consolidation breakout will occur between November and December, while the parabolic run will start in Q1 2025. Featured Image from Unsplash.com, Chart from TradingView.com

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Bitcoin And Altcoin Bull Run Will Return, Arthur Hayes Reveals Timeline

In a new essay, Arthur Hayes, the co-founder of crypto exchange BitMEX, has outlined a bullish future for Bitcoin and altcoins. His analysis, focused on the interplay between government liquidity operations and asset prices, suggests a looming bull market in the crypto space, driven by strategic fiscal maneuvers by the US Treasury. When Will The Bitcoin Bull Run Return? Hayes compares the quality of water in brewing coffee to the liquidity in financial markets, illustrating that just as the quality of water is crucial for making a good cup of coffee, liquidity is essential for the health and movement of financial markets. Hayes pointed out that many investors underestimate the impact of liquidity and often focus narrowly on more visible factors like technological advancements or regulatory changes. Hayes explains the concept of “fiscal dominance,” a situation where the government’s need to finance itself supersedes all other economic considerations, including the control of inflation. He specifically critiques the current policies under US Treasury Secretary Janet Yellen, whose tactics, according to Hayes, focus on generating nominal economic growth regardless of the inflationary outcomes. Related Reading: BTCs Next Objective? Analyst Eyes Crucial $70,000 Resistance Zone For Bitcoin “During a period of fiscal dominance, the necessity to fund the state overrides any concerns the central bank may have about inflation,” Hayes explains. He details how this shift impacts liquidity, stating, “That means bank credit and, by extension, nominal GDP growth must be sustained at high levels even if it results in persistently higher than target inflation.” Drawing a direct connection between Treasury actions and crypto market movements, Hayes highlighted the correlation between the issuance of Treasury bills (T-bills) and Bitcoin price movements. He noted that when the Treasury increases T-bill issuance, it effectively shifts liquidity from instruments like the Reverse Repo Program (RRP) into more active uses, which historically corresponds with increases in Bitcoin prices. As the RRP (white) fell from its high, Bitcoin (gold) pumped off the lows. As you can see, its a very tight relationship. As money leaves the Feds balance sheet, it adds liquidity, which causes […] Therefore, taking Bad Gurl Yellens word, we know that $301bn of T-bills will be net issued between now and year-end. If this relationship holds true, Bitcoin will quickly retrace the dump caused by the yen strengthening. The next stop for Bitcoin is $100,000″ Hayes speculates. When Altcoin Season? Therefore, Hayes advises crypto traders to pay close attention to fiscal and monetary policies, especially the actions of the US Treasury, as these are often precursors to significant market movements. Monitoring T-bill issuance and Treasury maneuvers can provide crypto investors with clues about upcoming shifts in market liquidity and potential price movements, according to Hayes. Related Reading: Bitcoin Investors Again Show Extreme Fear As BTC Slips To $59,000 Shifting focus to the broader crypto market, Hayes also discusses the potential for an ‘alt szn’ or altcoin season, which he predicts will follow a rally in Bitcoin and Ethereum prices. “Shitcoins are higher beta Bitcoin crypto plays. But during this cycle, Bitcoin and now Ether have structural bids in the form of net inflows into US-listed exchange-traded funds (ETF). While Bitcoin and Ether have corrected since April, they escaped the carnage experienced in the shitcoin markets. Commenting on the potential of a full blown altcoin season like in previous cycles, Hayes assures that the time will come. However, altcoin season will only return after Bitcoin and Ether decidedly break through $70,000 and $4,000, respectively. He adds, the combination of a dollar liquidity-inspired Bitcoin and Ether rally into year-end will create a strong foundation for the return of a sexy shitcoin soiree. Interestingly, Hayes plans to capitalize on the US elections. He expects that the crypto bull run will exit its sideways-to-downward trajectory in September. The US election occurs in early November. Yellen will be at peak manipulation in October. There will be no better time for liquidity this year. Therefore, I shall sell into strength. I will not liquidate my entire crypto portfolio but take profits in my more speculative momentum trades, he revealed. Hayes further anticipates a more substantial market adjustment post US election and the US debt ceiling resolutions, “Once the US debt ceiling charade is over, liquidity will gush from the Treasury and possibly the Fed to get markets back on track. Then, the bull market will begin for realz. $1 million Bitcoin is still my base case.” At press time, BTC traded at $58,783. Featured image from YouTube, chart from TradingView.com

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SEC and Ideanomics settle crypto revenue reporting fraud charges

According to the report, all parties involved have agreed to settle the charges without admitting or denying the SECs findings

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NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?

RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental [...]

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