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Pursuing wealth creation and financial security, mainly for retirement, is a universal quest. Investing is often seen as the path to achieving these goals. However, many investment options can make choosing the right one difficult. Recently, cryptos have captured investor attention with their potential for high returns. An Ethereum presale altcoin, RCO Finance (RCOF), currently […]
The MEV bot returned nearly all of the funds, and the team claimed that $500,000 was being paid to it as a bounty.
Bitcoin witnessed its largest weekly return of 10% since early July, but signs indicate that the markets remain uncertain about where BTC price might go next.
Data shows that Bitcoin investors still hold a sentiment of fear as the cryptocurrency’s price continues to consolidate. Bitcoin Fear & Greed Index Is Currently Pointing At ‘Fear’ The “Fear & Greed Index” is an indicator created by Alternative that, in short, tells us about the general sentiment present among the traders in the Bitcoin and wider cryptocurrency markets. Related Reading: Aave Forms Sell Signal That Led To 27% Average Correction Last 4 Times To determine this sentiment, the index uses the data related to the following five factors: volatility, trading volume, social media sentiment, market cap dominance, and Google Trends. The indicator represents this mentality as a score between zero and hundred. Investors share a sentiment of greed when the metric has a value greater than 53. On the other hand, being under 47 implies dominance of fear in the market. The region between these two thresholds naturally corresponds to the neutral sentiment. Now, here is what the current value of the Fear & Greed Index looks like: As is visible above, the Bitcoin Fear & Greed Index is 34 at the moment, suggesting that the investors are feeling fear. The current fearful mentality isn’t too strong, given the distance to the neutral territory. Earlier in the month, the indicator had shown particularly low values, as the chart below displays. On August 6th, the Fear & Greed Index had hit a low of 17, the lowest that it had gone in more than two years. When the indicator achieves such low values, it no longer reflects just fear but rather a special sentiment called extreme fear. Extremity fear is defined as the zone that occurs at 25 and under. There is also a similar region for the greed side, called extreme greed, occurring over 75. Interestingly, the extreme fear low coincided with Bitcoin’s bottom under the $50,000 level. This is similar to what has been observed throughout the asset’s history. Related Reading: These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals BTC has tended to move opposite to the expectations of the majority, and the extreme sentiment zones are evidently where this expectation is the strongest, so it makes sense that reversals in the price would also be the most likely to occur inside them. With the sentiment sitting in the normal fear territory and the Bitcoin price consolidating, another foray into the extreme fear may be needed if Bitcoin has to kickstart fresh bullish momentum. How the indicator develops in the coming days remains to be seen. BTC Price Bitcoin has been unable to find a solid break above the $61,000 level recently, and it appears that the latest attempt may have ended in a similar failure as BTC, which has retraced to $60,800. Featured image from Dall-E, Alternative.me, chart from TradingView.com
On-chain data shows that Bitcoin investors have ended their net profit-taking spree recently, a potential sign that a price reversal could occur soon. Bitcoin Daily Realized Profit Loss Ratio Has Dipped Below 1 Recently As explained by CryptoQuant author Axel Adler Jr in a new post on X, realized losses have started to exceed profits [...]
The post Bitcoin Holders Now Doing Loss-Taking: Sign That A Turnaround Is Near? appeared first on Crypto Breaking News.
The act of goodwill has gone viral on social media, restoring Nigerians trust in the crypto community.
Crypto enthusiasts is the world's leading platform to help you start your journey to earn $1000 or more per day.
The post The hottest industry in the world, you could become the next millionaire (earn at least $1000 a day) appeared first on Crypto Breaking News.
The rise and fall of celebrity meme tokens: how these celebrity-backed tokens have dumped in the current bull market.
The announcement comes despite Nocturne raising $6 million in a funding round in October 2023.
Hiddup continues advertising returns ranging from 6 to 16% per annum through blockchain mining on its website while facing legal action.
Ether restaking is a robust financial tool, but investors need to understand the number of loops they are adding.
CoinShares will reinvest $39.78 million from the sale of its FTX claim into growth opportunities and enhanced client services.
Bitcoins price has outperformed the returns from the S&P 500 more than threefold in 2024.
This represents a 15x increase compared to the S&P 500s year-to-date returns.
In an ever-evolving world of cryptocurrency markets, deciding the bottom of Bitcoin price correction is an endeavor that attracts interest from both investors and analysts. Joining the fray is cryptocurrency analyst and trader MilkyBull offering insights on the subject, claiming that Bitcoin’s local bottom has developed due to a certain development. Following its weekend recovery out of bear market territory, the price of Bitcoin slightly decreased on Monday. However, MilkyBull is confident that the recent retracement might be the last before BTC turns to move on the upside. Bitcoin Local Bottom Is In According to the expert, given that the next liquidity grab interest is above $64,557, the local bottom for Bitcoin is in. As a result, before moving on to the current all-time high of $73,000, BTC will first clear the $67,000 price level and consolidate. Thus, Bitcoin may eliminate the CME gap below either prior to or subsequent to eliminating the liquidity above $64,975. Related Reading: Bitcoin Bottom In? Retracement From $73,800 Is Deeper And Took Longer To Form The CME gap is a price difference that occurs between the Friday closing price and Sunday opening prices of the Chicago Mercantile Exchange (CME) Bitcoin futures market. Therefore, the expert considers this development a good area for long trade, signaling a buying opportunity for BTC bullish investors. MilkyBull further drew attention to a previous analysis that suggests Bitcoin could be poised for a rally due to historical patterns. The analyst noted that the 2017 price action shows that when BTC breached a new all-time high, there was a healthy retracement that was driven by liquidity before it surged to a cycle peak. Given that BTC might be mirroring this pattern, MilkyBull’s analysis might suggest that BTC has undergone its last shakeout, and a move on the upside could be imminent. He also confirmed that the present consolidation range was paralleled by the preceding consolidation, which began to materialize from December 2023 to February 2024. This pattern, identified as a manipulative strategy of the market makers (MMs) by the expert, is meant to remove degenerate Short-Term Holders (STHs), which are particularly vulnerable to price corrections below their cost base. BTC Correction On The Horizon While MilkyBull anticipates a rally, market expert Benjamin Cowen expects the leading cryptocurrency asset to drop in the upcoming days. Last week, Cowen claimed BTC’s Return On Investment (ROI) 12 days after the Bitcoin Halving event was the worst performance that the asset has experienced. According to Cowen, this is reasonable as it is the first time BTC is reaching a new all-time high before the Halving. Related Reading: Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom But Can It Hold This Level? Almost a week later, there is still no improvement, as the analyst noted that BTC ROI is still performing worse than in previous cycles. Comparing this action with that of 2016, Cowen expects BTC to undergo a decline in the coming week. During the time of writing, BTC was trading at $63,970, demonstrating an increase of over 3% in the past week. While its market cap is down by 1.17%, its daily trading volume has garnered positive sentiment, rising by 40%. Featured image from iStock, chart from Tradingview.com
Bitcoin Core developers have made the decision to unilaterally remove the controversial OP_RETURN limit. The OP_RETURN function allows additional data to be stored in a Bitcoin transaction, but previously there was a cap on the amount of data that could be included. This limitation was seen as hindering innovation on the Bitcoin network and restricting [...]
Bitcoin price experienced a significant drop as BTC futures gaps appeared following a negative turn in Coinbase premium. This shift in market dynamics can have a notable impact on the future direction of Bitcoin’s value. The sudden change in premium reflects a shift in investor sentiment and could signal a potential trend reversal. The price [...]
Trish Turner, the head of the IRS Crypto Division, steps down from her leadership position, paving the way for a shift in the PTO Division amid a significant shakeup in leadership. After spearheading the Crypto Division at the Internal Revenue Service, Trish Turner has decided to hand over the reins, allowing for new leadership to [...]
Explore Troller Cats explosive presale launch$35K in 12 hrs and Stage 3 livealongside the latest on Turbo and Moo Deng. See why its a top new meme coin.
The post Troller Cat Presale Frenzy vs Turbo and Moo Deng Updates. appeared first on Kanalcoin.
Pepe Coin (PEPE) is currently showing signs of slowing down and facing bearish pressure. This comes after the cryptocurrency experienced a significant surge, reaching a new all-time high (ATH) of $0.00001535. However, following this peak, the coin has seen a notable retracement. At the time of writing, the price of Pepe Coin is $0.00001384. Over the past 24 […]
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