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In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle The PI Cycle Top Indicator operates by tracking two key moving averages: a short-term 111-day moving average (colored orange in Rekt Capital’s visual analysis) and the 350 day moving average (depicted in green) to gauge extended market trends. A crucial aspect of this tool is…
Bitcoin could see a breakout to new all-time highs as soon as next month, but BTC must first tackle significant resistance around $59,500.
Cardano founder Charles Hoskinson made something of a bold move toward beefing up security when he issued a challenge that riled up the crypto community. In his keynote speech at the Rare Evo 2024 event, Hoskinson issued a challenge to anyone who could hack the newly launched Lace Paper Wallet—for a prize money amounting to $1 million. This is not about the money; it is more about ensuring that the Cardano ecosystem is always robust and secure. The challenge comes in handy as cyber threats continue to rise and further proofs that proactive security measures are a must in this…
With the general sentiment in the market cooling down, AAVE scores a win as it maintains high profitability even as the market dips slightly. According to CoinGecko, the token is up over 18% since last week, a sign that AAVE is continuing the market’s bullishness despite the latter grinding to a near stop. Related Reading AAVE is looking to expand the reach of its operations with a proposal that sees to activate the Aave v3 on zkSync, leveraging the latter’s rollup capabilities to keep transactions cheap for users. Yes To Aave v3 Activation On zkSync Aave v3’s activation on zkSync…
As the CMB continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.
Trillion-dollar asset manager Franklin Templeton aims to widen its footprint in the crypto ETF market having filed with the US Securities and Exchange Commission (SEC) to issue a dual crypto ETF. This application falls second to that of South American company Hashdex as both investment firms attempt to expand a highly engaging crypto spot ETF market. Franklin Templeton Throws Early Hat For Crypto Index ETF On August 16, Franklin Templeton submitted an application to issue the “FRANKLIN CRYPTO INDEX ETF”, an investment fund designed to hold both Bitcoin and Ethereum. This proposed dual spot ETF is to be listed and…
Trillion-dollar asset manager Franklin Templeton aims to widen its footprint in the crypto ETF market having filed with the US Securities and Exchange Commission (SEC) to issue a dual crypto ETF. This application falls second to that of South American company Hashdex as both investment firms attempt to expand a highly engaging crypto spot ETF market. Franklin Templeton Throws Early Hat For Crypto Index ETF On August 16, Franklin Templeton submitted an application to issue the “FRANKLIN CRYPTO INDEX ETF”, an investment fund designed to hold both Bitcoin and Ethereum. This proposed dual spot ETF is to be listed and…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…
If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst.