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JUST IN: SEC informs exchanges it is leaning towards approving spot #Ethereum ETFs, Barrons reports.
Ethereum Withdrawals: Whales Trigger Surge in Withdrawals
Ethereum is experiencing a notable surge in withdrawals, primarily driven by institutional investors or whales. Recently, Ethereum whales have been orchestrating massive withdrawals from exchanges, setting new records and injecting optimism into the market. In a single 24-hour period, four wallets withdrew a combined 78,301 ETH, valued at approximately $231.2 million. Notably, wallets labelled “0xF7f” and “0xE51” each withdrew 30,440 ETH, amounting to around $90 million.
Following a notable transaction, a major investor withdrew 23,27.76 ETH, worth about $67.83 million, from Coinbase. Over four days, their total withdrawals amounted to 30,870 ETH, valued at approximately $89.7 million. These substantial transactions by key players have led to discussions about their possible influence on Ethereum’s price direction.
Ethereum is experiencing a notable surge in withdrawals, primarily driven by institutional investors or whales. Recently, Ethereum whales have been orchestrating massive withdrawals from exchanges, setting new records and injecting optimism into the market. In a single 24-hour period, four wallets withdrew a combined 78,301 ETH, valued at approximately $231.2 million. Notably, wallets labelled “0xF7f” and “0xE51” each withdrew 30,440 ETH, amounting to around $90 million.
Following a notable transaction, a major investor withdrew 23,27.76 ETH, worth about $67.83 million, from Coinbase. Over four days, their total withdrawals amounted to 30,870 ETH, valued at approximately $89.7 million. These substantial transactions by key players have led to discussions about their possible influence on Ethereum’s price direction.
Where do both BTC and ETH stand?
In trading options, a put means that a trader has placed a position to place a contract up for sale. In this case, the expectation is that the price of the asset decreases so the position can make gains.
On the other hand, a call implies a purchase, indicating that the bet is for a price hike. If the reading of the Put/Call Ratio is 0.70 and above, it means that traders are buying more puts than calls.
Conversely, a reading of 0.50 and below implies a bullish sentiment in the market. For Bitcoin, the ratio revealed that the number of put and call positions was close, indicating a balance between bearish and bullish positions.
For ETH, the Put/Call Ratio was 0.21 – A sign that most of the bets were bullish. ETH had a maximum pain point of $3,000. If the cryptocurrency trades at this level or below by the end of the day, a lot of traders might face huge financial losses.
In trading options, a put means that a trader has placed a position to place a contract up for sale. In this case, the expectation is that the price of the asset decreases so the position can make gains.
On the other hand, a call implies a purchase, indicating that the bet is for a price hike. If the reading of the Put/Call Ratio is 0.70 and above, it means that traders are buying more puts than calls.
Conversely, a reading of 0.50 and below implies a bullish sentiment in the market. For Bitcoin, the ratio revealed that the number of put and call positions was close, indicating a balance between bearish and bullish positions.
For ETH, the Put/Call Ratio was 0.21 – A sign that most of the bets were bullish. ETH had a maximum pain point of $3,000. If the cryptocurrency trades at this level or below by the end of the day, a lot of traders might face huge financial losses.
Avalanche (AVAX) experienced a notable 8% price surge following the announcement of its latest venture— the tokenization of a quality wine investment fund. This initiative, involving the Wine Capital Fund, was successfully executed by Oasis Pro and is now listed on the ATS platform through Avalanche’s C-Chain. The strategic move aims to leverage the growing trend of tokenization to broaden investment opportunities within the Avalanche ecosystem.
#CMEBitcoinSpotTrading #notcoin #MemeWatch2024
#CMEBitcoinSpotTrading #notcoin #MemeWatch2024
#Memecoins
According to data from CoinGecko, Pepe (PEPE), Floki (FLOKI), Dogecoin (DOGE), and Shiba Inu (SHIB) topped the growth chart over the past 24 hours. Coins rose in price from 6% to 10%, leading the top gainers rating.
According to data from CoinGecko, Pepe (PEPE), Floki (FLOKI), Dogecoin (DOGE), and Shiba Inu (SHIB) topped the growth chart over the past 24 hours. Coins rose in price from 6% to 10%, leading the top gainers rating.
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LIVEMazloomHussain
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Bullish
Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry, according to market analyst Ruslan Lienkha. Lienkha explained that this open interest concentration aligns with Bitcoin's all-time high. In mid-March, bitcoin reached a peak value of over $73,000.
Options are derivative contracts that grant traders the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. Call options provide the right to buy, while put options offer the right to sell. It is generally assumed that traders who purchase call options are bullish on the market, while put buyers are bearish.
Lienkha highlighted the significant domination of call options in the open interest, suggesting that many option traders anticipate bitcoin surpassing its previous all-time high by the end of June. This observation is consistent with data from the Deribit derivatives exchange, which also shows a concentration of calls at a strike price of $75,000 for the end-of-June expiry.
Despite expectations of a price surge, Lienkha predicts that the bitcoin price will likely consolidate around its current levels in the coming weeks. This suggests a potential period of relatively stable trading in the short term. At the time of writing, Bitcoin (BTC) is trading at $61,212, experiencing a slight increase of over 0.54% in the past 24 hours.
#BTC #notcoin
Options are derivative contracts that grant traders the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. Call options provide the right to buy, while put options offer the right to sell. It is generally assumed that traders who purchase call options are bullish on the market, while put buyers are bearish.
Lienkha highlighted the significant domination of call options in the open interest, suggesting that many option traders anticipate bitcoin surpassing its previous all-time high by the end of June. This observation is consistent with data from the Deribit derivatives exchange, which also shows a concentration of calls at a strike price of $75,000 for the end-of-June expiry.
Despite expectations of a price surge, Lienkha predicts that the bitcoin price will likely consolidate around its current levels in the coming weeks. This suggests a potential period of relatively stable trading in the short term. At the time of writing, Bitcoin (BTC) is trading at $61,212, experiencing a slight increase of over 0.54% in the past 24 hours.
#BTC #notcoin
Recent options data from Binance has revealed a concentration of open interest in bitcoin options at a strike price of $75,000 for the end-of-June expiry, according to market analyst Ruslan Lienkha. Lienkha explained that this open interest concentration aligns with Bitcoin's all-time high. In mid-March, bitcoin reached a peak value of over $73,000.
Options are derivative contracts that grant traders the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. Call options provide the right to buy, while put options offer the right to sell. It is generally assumed that traders who purchase call options are bullish on the market, while put buyers are bearish.
Lienkha highlighted the significant domination of call options in the open interest, suggesting that many option traders anticipate bitcoin surpassing its previous all-time high by the end of June. This observation is consistent with data from the Deribit derivatives exchange, which also shows a concentration of calls at a strike price of $75,000 for the end-of-June expiry.
Despite expectations of a price surge, Lienkha predicts that the bitcoin price will likely consolidate around its current levels in the coming weeks. This suggests a potential period of relatively stable trading in the short term. At the time of writing, Bitcoin (BTC) is trading at $61,212, experiencing a slight increase of over 0.54% in the past 24 hours.
#BTC #notcoin
Options are derivative contracts that grant traders the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specific date. Call options provide the right to buy, while put options offer the right to sell. It is generally assumed that traders who purchase call options are bullish on the market, while put buyers are bearish.
Lienkha highlighted the significant domination of call options in the open interest, suggesting that many option traders anticipate bitcoin surpassing its previous all-time high by the end of June. This observation is consistent with data from the Deribit derivatives exchange, which also shows a concentration of calls at a strike price of $75,000 for the end-of-June expiry.
Despite expectations of a price surge, Lienkha predicts that the bitcoin price will likely consolidate around its current levels in the coming weeks. This suggests a potential period of relatively stable trading in the short term. At the time of writing, Bitcoin (BTC) is trading at $61,212, experiencing a slight increase of over 0.54% in the past 24 hours.
#BTC #notcoin
"Digital Gold"
#MarketSentimentToday
Title: "Digital Gold"
In the not-so-distant future, the world has embraced cryptocurrency as the primary form of currency. Governments have adopted blockchain technology for transparency, security, and efficiency. In this digital landscape, we follow the story of Alex, a young programmer with a passion for decentralized finance.
Alex, disillusioned with the traditional banking system's limitations, throws himself into the world of cryptocurrencies. He becomes enamored with the idea of financial freedom and the potential to reshape the global economy.
One day, while browsing through the dark web, Alex stumbles upon a mysterious digital currency known only as "Digital Gold." Its origins are shrouded in secrecy, but rumors swirl about its immense value and the enigmatic figure behind its creation.
Driven by curiosity and the allure of untold wealth, Alex delves deeper into the world of "Digital Gold." He joins online forums, chats with underground traders, and deciphers complex algorithms in search of clues.
As Alex's obsession grows, he attracts the attention of both allies and adversaries. He forms unlikely alliances with fellow crypto enthusiasts, each with their own motives and agendas. But he also attracts the scrutiny of powerful organizations intent on maintaining control over the financial system.
As Alex gets closer to uncovering the truth behind "Digital Gold," he realizes that he's not just chasing wealth; he's challenging the very foundations of modern society. With governments and corporations closing in, Alex must navigate a treacherous landscape of deceit, betrayal, and danger.
In a climactic showdown, Alex confronts the elusive creator of "Digital Gold" and discovers the shocking truth behind its existence. But with the world on the brink of upheaval, Alex must decide whether to reveal the secrets he's uncovered or protect the fragile balance of power.
"Digital Gold" is a thrilling tale of adventure, discovery, and the relentless pursuit of freedom in a world where money is no longer bound by physical constraints, but by the limits of human greed and ambition.
Title: "Digital Gold"
In the not-so-distant future, the world has embraced cryptocurrency as the primary form of currency. Governments have adopted blockchain technology for transparency, security, and efficiency. In this digital landscape, we follow the story of Alex, a young programmer with a passion for decentralized finance.
Alex, disillusioned with the traditional banking system's limitations, throws himself into the world of cryptocurrencies. He becomes enamored with the idea of financial freedom and the potential to reshape the global economy.
One day, while browsing through the dark web, Alex stumbles upon a mysterious digital currency known only as "Digital Gold." Its origins are shrouded in secrecy, but rumors swirl about its immense value and the enigmatic figure behind its creation.
Driven by curiosity and the allure of untold wealth, Alex delves deeper into the world of "Digital Gold." He joins online forums, chats with underground traders, and deciphers complex algorithms in search of clues.
As Alex's obsession grows, he attracts the attention of both allies and adversaries. He forms unlikely alliances with fellow crypto enthusiasts, each with their own motives and agendas. But he also attracts the scrutiny of powerful organizations intent on maintaining control over the financial system.
As Alex gets closer to uncovering the truth behind "Digital Gold," he realizes that he's not just chasing wealth; he's challenging the very foundations of modern society. With governments and corporations closing in, Alex must navigate a treacherous landscape of deceit, betrayal, and danger.
In a climactic showdown, Alex confronts the elusive creator of "Digital Gold" and discovers the shocking truth behind its existence. But with the world on the brink of upheaval, Alex must decide whether to reveal the secrets he's uncovered or protect the fragile balance of power.
"Digital Gold" is a thrilling tale of adventure, discovery, and the relentless pursuit of freedom in a world where money is no longer bound by physical constraints, but by the limits of human greed and ambition.
#BinanceLaunchpool
Binance plans to distribute 3% of the total NOT token supply to users on Launchpool. This translates to roughly 3 billion NOT tokens out of a total supply of 102.7 billion tokens.
85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more NOT if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool.
In addition to featuring the NOT coin on its Launchpool platform, Binance will also be listing the token for trading on the Binance exchange. The token will be available for trading starting on May 16 at 12:00 UTC in trading pairs against BTC, USDT, BNB, FDUSD, and TRY.
It is worth noting that Binance will be listing NOT with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone.” The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.
#NotcoinLaunchpool #NOTLAUNCHPOOL
Binance plans to distribute 3% of the total NOT token supply to users on Launchpool. This translates to roughly 3 billion NOT tokens out of a total supply of 102.7 billion tokens.
85% of these rewards will be distributed to BNB stakers, while the FDUSD staking pool will receive 15%. However, this doesn’t necessarily mean that you will earn more NOT if you stake BNB rather than the stablecoin. It all depends on how big your stake is relative to the size of the entire staking pool.
In addition to featuring the NOT coin on its Launchpool platform, Binance will also be listing the token for trading on the Binance exchange. The token will be available for trading starting on May 16 at 12:00 UTC in trading pairs against BTC, USDT, BNB, FDUSD, and TRY.
It is worth noting that Binance will be listing NOT with the “Seed Tag”, which is used to label crypto projects that are still very early in their development. Cryptocurrencies with this tag were previously known in the “Innovation Zone.” The purpose of the Seed Tag is to let users know that the cryptocurrency might be more volatile and risky compared to most other cryptos listed on the exchange.
#NotcoinLaunchpool #NOTLAUNCHPOOL
ETFvsBTC
#ETFvsBTC
Ever since the Bitcoin Spot ETF was approved, many have asked me what are the differences between the two of them? Would it be better to buy Bitcoin or the ETF? In this post, I will start by sharing what are some of the benefits and considerations when buying ETFs.
Pros of Bitcoin Spot ETF
For traditional investors, Bitcoin ETFs simplify entry into the cryptocurrency market, avoiding the technicalities of crypto wallets and blockchain. You can be excused from managing wallets with Bitcoins, navigating online crypto exchanges, or grappling with private and public keys. Removing such technical hurdles simplifies the investing decision into Bitcoin, making it a more attractive proposition for those accustomed to traditional investments.
ETFs in general are subject to regulatory scrutiny, offering a layer of security and peace of mind for investors wary of the unregulated crypto space. When purchasing bitcoins outright, you might be doing so without the backing of clear, standardized regulations. Spot bitcoin ETFs are subject to rules that ensure transparency and protect investors.
Cons of Bitcoin Spot ETF
When you purchase ETFs, you don't own the underlying Bitcoin, thus limiting your control over your investment. The Bitcoins held in the ETF are all under custodial ownership, which means if the custodian were to suffer from a security breach or loss of access, it would greatly affect the investors holding the ETFs.
While investing in spot bitcoin ETFs could save you the time and costs of exchanging and securing Bitcoins yourself, these ETFs do charge management fees or expense ratios to cover operational costs, diminishing your returns over time. These fees can be higher than traditional equity ETFs because the ETF must also pay fees for the trading and custodial fees of the exchange.
Is Bitcoin Spot ETF for me?
The Bitcoin Spot ETFs represent a significant evolution in cryptocurrency, offering a regulated and simplified way to gain exposure to bitcoin’s prices. However, convenience does comes additional costs with management fees.
In my subsequent post, I will be sharing about the pros and cons of purchasing Bitcoins from a cryptocurrency exchange. If you have any questions regarding the Bitcoin Spot ETF, do drop it in the comments!
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Ever since the Bitcoin Spot ETF was approved, many have asked me what are the differences between the two of them? Would it be better to buy Bitcoin or the ETF? In this post, I will start by sharing what are some of the benefits and considerations when buying ETFs.
Pros of Bitcoin Spot ETF
For traditional investors, Bitcoin ETFs simplify entry into the cryptocurrency market, avoiding the technicalities of crypto wallets and blockchain. You can be excused from managing wallets with Bitcoins, navigating online crypto exchanges, or grappling with private and public keys. Removing such technical hurdles simplifies the investing decision into Bitcoin, making it a more attractive proposition for those accustomed to traditional investments.
ETFs in general are subject to regulatory scrutiny, offering a layer of security and peace of mind for investors wary of the unregulated crypto space. When purchasing bitcoins outright, you might be doing so without the backing of clear, standardized regulations. Spot bitcoin ETFs are subject to rules that ensure transparency and protect investors.
Cons of Bitcoin Spot ETF
When you purchase ETFs, you don't own the underlying Bitcoin, thus limiting your control over your investment. The Bitcoins held in the ETF are all under custodial ownership, which means if the custodian were to suffer from a security breach or loss of access, it would greatly affect the investors holding the ETFs.
While investing in spot bitcoin ETFs could save you the time and costs of exchanging and securing Bitcoins yourself, these ETFs do charge management fees or expense ratios to cover operational costs, diminishing your returns over time. These fees can be higher than traditional equity ETFs because the ETF must also pay fees for the trading and custodial fees of the exchange.
Is Bitcoin Spot ETF for me?
The Bitcoin Spot ETFs represent a significant evolution in cryptocurrency, offering a regulated and simplified way to gain exposure to bitcoin’s prices. However, convenience does comes additional costs with management fees.
In my subsequent post, I will be sharing about the pros and cons of purchasing Bitcoins from a cryptocurrency exchange. If you have any questions regarding the Bitcoin Spot ETF, do drop it in the comments!
Like
Comment
Share
SOL Price Dropping：The price volatility has reached 3.00% in the past 24 hour(s). Please be aware of the risks.
Top 5 Tokens to Watch on Binance in May!
Binance Coin ($BNB ) - Powering the Binance ecosystem with discounts and more. I expect good rises soon with the arrival of the Megadrop event.
$SUI Network: Sui is a blockchain project that aims to ensure the smooth operation of decentralized applications in the field of smart contracts by minimizing the delay in execution times and ensuring high transaction capacity. Sui is the first layer blockchain. It has an underlying structure of Ethereum based on the Proof-of-Stake (PoS) mechanism.
Arbitrum: If you are tired of waiting hours for your Ethereum transactions to be confirmed or paying excessive gas, then it's time to meet #Arbitrum!
From where?
▪︎Gas fees are very cheap + Transactions are super fast
Renzo ($REZ ) - Leading DeFi innovation with community management. It is poised to benefit from blockchain developments and favorable market conditions. It is expected to trade between $0.32 and $0.38 by the end of 2024.
BounceBit (#BBT ) - Redefines the utility of Bitcoin with its dual-token staking system. It offers attractive yield potential and increases Bitcoin's importance.
#ETHETFS #altcoins #BlackRock #MicroStrategy
Binance Coin ($BNB ) - Powering the Binance ecosystem with discounts and more. I expect good rises soon with the arrival of the Megadrop event.
$SUI Network: Sui is a blockchain project that aims to ensure the smooth operation of decentralized applications in the field of smart contracts by minimizing the delay in execution times and ensuring high transaction capacity. Sui is the first layer blockchain. It has an underlying structure of Ethereum based on the Proof-of-Stake (PoS) mechanism.
Arbitrum: If you are tired of waiting hours for your Ethereum transactions to be confirmed or paying excessive gas, then it's time to meet #Arbitrum!
From where?
▪︎Gas fees are very cheap + Transactions are super fast
Renzo ($REZ ) - Leading DeFi innovation with community management. It is poised to benefit from blockchain developments and favorable market conditions. It is expected to trade between $0.32 and $0.38 by the end of 2024.
BounceBit (#BBT ) - Redefines the utility of Bitcoin with its dual-token staking system. It offers attractive yield potential and increases Bitcoin's importance.
#ETHETFS #altcoins #BlackRock #MicroStrategy
Top 5 Artificial Intelligence (AI) Cryptocurrencies
#ai
1. Render (RNDR)
Market cap: $US3 billion
Render Network is a decentralised platform that connects artists and creators with powerful computer resources to help them create high-quality 3D graphics and animations. The platform allows people to pool unused computing power, which can then be used by creators for a fee. The platform uses its own cryptocurrency, RNDR, to reward users who contribute their computing power and to facilitate transactions within the network. With applications in fields like gaming, virtual reality, and the metaverse, Render Network is making it easier for artists to create visual content without the need for expensive hardware.
RNDR was trading at $US7.92 as of April 20, 2024, down from its recent peak of $US13.60 in March.
2. Bittensor (TAO)
Market cap: $US2.9 billion
Bittensor aims to create a neural internet by revolutionising the development of machine learning platforms. The project is establishing a peer-to-peer marketplace for machine intelligence where AI models can combine their intelligence, essentially creating a “digital hive mind.” This innovative, decentralised method is designed to enable swift expansion and sharing of knowledge among AI systems.
As of April 2024, TAO was trading at $US442, down from its recent peak of $US676 at the start of the month.
3. The Graph (GRT)
Market cap: $US2.46 billion
The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from websites. Indexing blockchain data can be challenging, but The Graph aims to change that by organising data into smaller ‘subgraphs’.
Its native, Ethereum-based cryptocurrency, GRT, was trading at US$0.26 as of April 20, 2024, down from its February 2021 peak of US$2.34.
4. Theta Network (THETA)
Market cap: $US2 billion
Theta Network is a decentralised blockchain platform that combines the Theta Blockchain and the Theta Edge Network to provide infrastructure for AI, media, and entertainment applications. The Theta Blockchain supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), while the Theta Edge Network offers distributed GPU computing power for various tasks. Theta utilises a dual token system, with THETA as the governance token and TFUEL as the operational token. The platform is supported by a network of enterprise validators and partners from the technology and entertainment industries.
As of April 20, 2024, one THETA token was trading at $US2.08 and the project’s operational token TFUEL was at $US0.087.
5. Fetch.AI (FET)
Market cap: $US1.8 billion
Fetch.ai is an AI and machine learning platform based on the blockchain. Fetch.ai is all about automating business tasks such as data processing and trading. Its native cryptocurrency, FET, is used to pay for transactions on the network. Fetch.ai recently proposed a merger with SingularityNET and Ocean Protocol, which is currently going through the process of approval. The three-way merger has been dubbed the “Artificial Superintelligence Alliance” and if it goes ahead, the tokens of all three projects will become amalgamated under the one token “ASI”.
As of April 20, 2024, FET was valued at $US2.16, down from its peak of $US3.47 from last month.
#RNDR: #Fetch_ai #THETAPrice
1. Render (RNDR)
Market cap: $US3 billion
Render Network is a decentralised platform that connects artists and creators with powerful computer resources to help them create high-quality 3D graphics and animations. The platform allows people to pool unused computing power, which can then be used by creators for a fee. The platform uses its own cryptocurrency, RNDR, to reward users who contribute their computing power and to facilitate transactions within the network. With applications in fields like gaming, virtual reality, and the metaverse, Render Network is making it easier for artists to create visual content without the need for expensive hardware.
RNDR was trading at $US7.92 as of April 20, 2024, down from its recent peak of $US13.60 in March.
2. Bittensor (TAO)
Market cap: $US2.9 billion
Bittensor aims to create a neural internet by revolutionising the development of machine learning platforms. The project is establishing a peer-to-peer marketplace for machine intelligence where AI models can combine their intelligence, essentially creating a “digital hive mind.” This innovative, decentralised method is designed to enable swift expansion and sharing of knowledge among AI systems.
As of April 2024, TAO was trading at $US442, down from its recent peak of $US676 at the start of the month.
3. The Graph (GRT)
Market cap: $US2.46 billion
The Graph is a protocol for indexing and querying data from blockchains in a similar way that Google indexes and queries data from websites. Indexing blockchain data can be challenging, but The Graph aims to change that by organising data into smaller ‘subgraphs’.
Its native, Ethereum-based cryptocurrency, GRT, was trading at US$0.26 as of April 20, 2024, down from its February 2021 peak of US$2.34.
4. Theta Network (THETA)
Market cap: $US2 billion
Theta Network is a decentralised blockchain platform that combines the Theta Blockchain and the Theta Edge Network to provide infrastructure for AI, media, and entertainment applications. The Theta Blockchain supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM), while the Theta Edge Network offers distributed GPU computing power for various tasks. Theta utilises a dual token system, with THETA as the governance token and TFUEL as the operational token. The platform is supported by a network of enterprise validators and partners from the technology and entertainment industries.
As of April 20, 2024, one THETA token was trading at $US2.08 and the project’s operational token TFUEL was at $US0.087.
5. Fetch.AI (FET)
Market cap: $US1.8 billion
Fetch.ai is an AI and machine learning platform based on the blockchain. Fetch.ai is all about automating business tasks such as data processing and trading. Its native cryptocurrency, FET, is used to pay for transactions on the network. Fetch.ai recently proposed a merger with SingularityNET and Ocean Protocol, which is currently going through the process of approval. The three-way merger has been dubbed the “Artificial Superintelligence Alliance” and if it goes ahead, the tokens of all three projects will become amalgamated under the one token “ASI”.
As of April 20, 2024, FET was valued at $US2.16, down from its peak of $US3.47 from last month.
#RNDR: #Fetch_ai #THETAPrice
#MarketSentimentToday
Multisig Wallet Shifts Pepe Coin To Binance
According to reports from various on-chain transaction tracking platforms, a multisig wallet, typically associated with whales or institutions, was responsible for the deposit of 1.238 trillion PEPE, equivalent to $10.56 million, to Binance. While the coin’s price trajectory waned, this colossal PEPE dump has additionally sparked bearish market sentiments, with investors speculating that PEPE’s price might have topped.
However, market data illustrates that PEPE’s net outflow from exchanges also spiked in the past 24 hours, stirring contrasting sentiments. PEPE’s net outflow from Binance totaled $11.32 million in the past 24 hours, whereas $1.72 million was the net outflow recorded via OKX, undermining the inflows recorded. This paints a contrasting picture of Pepe’s market stand.
#BinanceTopGainer #RNDR #altcoins #PEPEgift
Multisig Wallet Shifts Pepe Coin To Binance
According to reports from various on-chain transaction tracking platforms, a multisig wallet, typically associated with whales or institutions, was responsible for the deposit of 1.238 trillion PEPE, equivalent to $10.56 million, to Binance. While the coin’s price trajectory waned, this colossal PEPE dump has additionally sparked bearish market sentiments, with investors speculating that PEPE’s price might have topped.
However, market data illustrates that PEPE’s net outflow from exchanges also spiked in the past 24 hours, stirring contrasting sentiments. PEPE’s net outflow from Binance totaled $11.32 million in the past 24 hours, whereas $1.72 million was the net outflow recorded via OKX, undermining the inflows recorded. This paints a contrasting picture of Pepe’s market stand.
#BinanceTopGainer #RNDR #altcoins #PEPEgift
#MarketSentimentToday
Bitcoin Continues to Climb Above $63,000 Resistance Level
Bitcoin price continues its ascent above the $63,000 resistance level, generating excitement in the cryptocurrency market. This price movement is strengthening bullish expectations among investors. Let’s focus on the levels to watch for Bitcoin.Bitcoin Faces Rejection at $65,000
Yesterday, Bitcoin rose to $65,500 but encountered a downward correction before this peak. The price is currently trading above $63,000. On the hourly chart of BTC/USD, there is a significant upward trend line below the support level of $63,350, indicating that Bitcoin’s current bullish trend is strong and could rise further.
Bitcoin Continues to Climb Above $63,000 Resistance Level
Bitcoin price continues its ascent above the $63,000 resistance level, generating excitement in the cryptocurrency market. This price movement is strengthening bullish expectations among investors. Let’s focus on the levels to watch for Bitcoin.Bitcoin Faces Rejection at $65,000
Yesterday, Bitcoin rose to $65,500 but encountered a downward correction before this peak. The price is currently trading above $63,000. On the hourly chart of BTC/USD, there is a significant upward trend line below the support level of $63,350, indicating that Bitcoin’s current bullish trend is strong and could rise further.
#MarketSentimentToday
Solana Gearing Up for a Significant Upward Movement: Can SOL Price Make It to $175?
Following a brief upswing, the bulls have drained a bit, as the prices of popular tokens struggle to break through their respective resistance levels. Meanwhile, one of the altcoins, Solana, is maintaining an ascending trend and leading the gainer lists among the top 100 tokens within the market. Therefore, it suggests that the SOL price could maintain a healthy upswing for the rest of the day, which may help the rally reach the crucial resistance shortly.
After a sustained period of growth followed by a retracement, the SOL price is now gearing up for a notable uptrend. The market indicators suggest that the crypto has undergone a necessary correction, which has now set the stage for a resurgence towards its previous all-time highs. Moreover, with investor sentiment being buoyant and the technicals suggesting a continuation of a bullish trend, the Solana price is believed to maintain a huge upswing and form a new ATH in the coming days.
Solana Gearing Up for a Significant Upward Movement: Can SOL Price Make It to $175?
Following a brief upswing, the bulls have drained a bit, as the prices of popular tokens struggle to break through their respective resistance levels. Meanwhile, one of the altcoins, Solana, is maintaining an ascending trend and leading the gainer lists among the top 100 tokens within the market. Therefore, it suggests that the SOL price could maintain a healthy upswing for the rest of the day, which may help the rally reach the crucial resistance shortly.
After a sustained period of growth followed by a retracement, the SOL price is now gearing up for a notable uptrend. The market indicators suggest that the crypto has undergone a necessary correction, which has now set the stage for a resurgence towards its previous all-time highs. Moreover, with investor sentiment being buoyant and the technicals suggesting a continuation of a bullish trend, the Solana price is believed to maintain a huge upswing and form a new ATH in the coming days.
#MarketSentimentToday
Bitcoin Surges Past $63,000 Mark
Bitcoin’s recent trading patterns have shown a remarkable increase, with the cryptocurrency successfully breaching the $63,000 resistance level. This significant rise has stirred optimism among investors, bolstering bullish sentiments across the market. The digital currency’s ability to sustain above the $62,500 support has been particularly noteworthy, indicating strong market resilience.Market Reaction to Rising Bitcoin PricesThe currency experienced a surge peaking at $65,500 before undergoing a minor correction. Despite this, Bitcoin remains well supported above the $63,000 mark. The current technical analysis shows a prominent upward trend line near the $63,350 support level, hinting at the potential for further gains.Key Resistance and Support Levels to Monitor
Currently, Bitcoin navigates through pivotal resistance levels, having recently surpassed the $64,500 mark. The next critical resistance lies around $65,500. Should Bitcoin overcome this barrier, the path could lead towards $67,200 and possibly extend gains to $68,800. Conversely, failure to maintain current support levels might lead to a decrease towards the $60,000 region, marking a short-term downtrend scenario.
Bitcoin Surges Past $63,000 Mark
Bitcoin’s recent trading patterns have shown a remarkable increase, with the cryptocurrency successfully breaching the $63,000 resistance level. This significant rise has stirred optimism among investors, bolstering bullish sentiments across the market. The digital currency’s ability to sustain above the $62,500 support has been particularly noteworthy, indicating strong market resilience.Market Reaction to Rising Bitcoin PricesThe currency experienced a surge peaking at $65,500 before undergoing a minor correction. Despite this, Bitcoin remains well supported above the $63,000 mark. The current technical analysis shows a prominent upward trend line near the $63,350 support level, hinting at the potential for further gains.Key Resistance and Support Levels to Monitor
Currently, Bitcoin navigates through pivotal resistance levels, having recently surpassed the $64,500 mark. The next critical resistance lies around $65,500. Should Bitcoin overcome this barrier, the path could lead towards $67,200 and possibly extend gains to $68,800. Conversely, failure to maintain current support levels might lead to a decrease towards the $60,000 region, marking a short-term downtrend scenario.
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