Bitcoin’s average holding time of 4.2 years highlights its reputation as a long-term store of value and its potential for substantial gains. Key Takeaways: Investing in cryptocurrencies, particularly Bitcoin (BTC), has proven to be a successful strategy, provided investors have the patience to hold onto their assets during turbulent times and can time the market effectively for selling. Did you …
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Ethereum’s V-shaped recovery sparks optimism, aims to challenge the 50-day EMA, possibly surging to $2,000 if Bitcoin spot ETF gets approved. Key Takeaways Ethereum is making headlines as its price action hints at a bullish turnaround, sketching out a classic V-shaped recovery pattern. Following a sharp pullback from the 200-day EMA, ETH experienced an 11% dip, reigniting skepticism over the …
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Ethereum’s price dipped 2.9% to $1,577 following the Ethereum Foundation’s sale of 1,700 ETH for USDC, stirring market sentiment and speculations. Key Takeaways In a scenario where every movement in the crypto sphere is meticulously observed, Ethereum (ETH) finds itself under the spotlight following a marked 2.9% decrement in its price, now sitting at $1,577 according to CoinMarketCap. This noticeable …
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In the upcoming month, five altcoins have been highlighted (Ethereum, Flare, Optimism, Hedera, and Radiant) that could potentially make noticeable movements in October 2023. Here’s a brief on the potential catalysts and price actions for each: Ethereum (ETH) The DeBank Announcement is happening! Grab your piece of the pie. All are welcome.#bitcoin #ethereum #btc #eth #altcoin $rune $ftm #pepe2 $enj …
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The infamous FTX hacker activates their account, transferring 5,000 ETH, raising concerns of market impact amidst Ethereum ETF anticipation and a potential government shutdown. Key Takeaways In a gripping development, the hacker behind the infamous FTX exploit has shown activity after nearly a year, moving around 5,000 ETH. The movement comes as the crypto market keenly anticipates the launch of …
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An ancient Ether wallet, dormant for eight years, suddenly transfers $116 million worth of pre-mined ETH to Kraken exchange, sparking intrigue and speculation. Key Points An extremely old Ether wallet that had been dormant for eight years suddenly came back to life, transferring pre-mined ETH worth $116 million to a Kraken wallet address. These tokens were accumulated during a sale …
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Circle Internet Financial Ltd. is expanding into Asia’s cryptocurrency markets, focusing on Hong Kong, and closely monitoring its evolving crypto regulations to establish itself as a digital asset hub. Key Points Ethereum, the leading blockchain-based software platform, has announced the launch of the Devconnect Istanbul Scholars Program. This program aims to provide financial assistance to geographically and demographically marginalized individuals …
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Important Points The world of cryptocurrency experienced a tumultuous Tuesday as traders scrambled to cover their shorts amidst a surge in bullish sentiment towards Bitcoin and Ethereum. In just a matter of hours, over $127.98 million in shorts were liquidated, sending shockwaves through the market. As the dust settles and the market begins to stabilize, experts continue to debate the …
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Crypto investors have reason to celebrate as the crypto market saw a massive inflow of over $46.15 billion in the last 24 hours, pushing its market share to nearly $1.3 trillion. According to expert traders, this marks the start of the altcoin season, with plenty of opportunities for investors to make significant returns. However, caution is advised as the cycle …
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On Thursday, most cryptocurrencies were trading higher following better-than-expected US economic data. Bitcoin (BTC) rose 0.66% to $30,244, with a trading volume of approximately $18.62 billion, an increase of 6.42% in the last 24 hours. According to Mudrex CEO Edul Patel, BTC is trading above the $30,000 level, indicating that the bulls have the upper hand in the market. Ethereum …
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