Currently, the Fezoo (FEZ) presale is one of the most exciting presales in the cryptocurrency market. Investors are trooping in for diverse reasons. Holders of cryptocurrencies like Theta (THETA) are eager for profits while Maker (MKR) enthusiasts see Fezoo (FEZ) as the optimal avenue for reinvesting their crypto profits. Fezoo (FEZ) is a trading platform that uses blockchain technology to address transparency, security and control issues rife in conventional trading platforms. Users aren’t subjected to rigorous and unnecessary checks and can sign up quite easily. These users sign up and can trade and provide liquidity on several pairs listed on the platform. Fezoo (FEZ) is currently priced at only $0.013. For most crypto investors, this is a great price to invest in, considering that the crypto token is bound to get even more gains in no time. For Maker (MKR) holders who can’t buy more Maker (MKR) tokens because of its $3110 price, this stage 1 presale price is very important. The Fezoo (FEZ) platform is going to grant investors great financial control and stability. The platform utilizes its decentralized model to facilitate trade exchanges and improve access to financial trading structures, all while beating its competitors in the process. Fezoo (FEZ) is a game-changer for digital asset exchange and it’s no surprise that cryptocurrency investors are investing big in its presales.
EU’s New Anti-Money Laundering Legislation. Watchout!!!
The European Union Parliament has banned unidentified self-custody crypto wallets for transactions within the region as part of its broader anti-money laundering efforts.The ban targets anonymous cash transactions exceeding €3,000 and self-custody wallets on various platforms.Dissenting voices have argued that the ban may disproportionately affect law-abiding citizens and hinder financial privacy.
A recent social media post by Patrick Breyer, an EU Parliament member, revealed that the ban received approval from most of the parliament’s leadership committee on March 19. This move is part of the EU’s broader anti-money laundering (AML) legislation. The new regulations ban all anonymous crypto payments and cash transactions above certain limits. Specifically, they prohibit cash payments exceeding €10,000 or anonymous cash transactions beyond €3,000. The ban also targets self-custody wallets on mobile, desktop, or browser applications.Although the law is slated to take effect in three years, there are suggestions that its implementation might be sooner.Nonetheless, the new regulation is set to reshape how Europeans engage with digital currencies. It has also triggered apprehensions regarding user privacy and financial inclusivity due to its stringent stance against anonymity. Additionally, the regulation could pose significant barriers to innovation and impede widespread crypto adoption in the region. Source: CoinGecko news #write2earn#Bitcoin#DEFI
Amid the uncertainty in the cryptocurrency market, BlockDAG stands out as a venture of potential, promising a revolutionary blend of speed, security, and scalability in blockchain technology. As Tron (TRX) holders grapple with a downtrend and Filecoin (FIL) rides a wave of cautious optimism, BlockDAG‘s ongoing presale has captivated investors, already raising over $7.3 million. With its innovative Directed Acyclic Graph (DAG) structures and Proof-of-Work (PoW) consensus mechanisms, BlockDAG is poised to redefine the crypto landscape and offer a transformative investment opportunity. Source: CoimMarketCap News #write2earn#BTC#BNB#SOL#ETH
The cryptocurrency Ripple (XRP) has been maintaining a steady position at the crucial support level of $0.586, raising speculations about an impending surge similar to those experienced by meme coins. Observers are keen to see if Ripple can mirror the dramatic price movements typically associated with meme tokens, potentially achieving a 50% increase in value.
Ripple’s price trajectory has shown patterns akin to meme coin trends, often characterized by a period of consolidation followed by a sharp price change. The digital currency has exhibited a stable consolidation over a 250-day span, establishing a solid support base and hinting at the possibility of an upcoming price uptick. In the volatile crypto market, key price thresholds serve as indicators for Ripple’s future. Dropping below the weekly support or failing to surpass expected resistance levels could disrupt the optimistic forecast for its rally.
The impact of meme coins is steadily growing within the cryptocurrency sphere. For instance, Shiba Inu’s value soared by approximately 350% after a consolidation phase, showcasing the potential influence of such coins on the broader market and suggesting that Ripple could witness a similar effect. Ripple’s tight 250-day consolidation phase has contributed to a mounting anticipation for increased price activity. A breakout above the descending trend line and the transformation of the $0.586 resistance level into a support point are significant developments. Currently, Ripple is trading above the $0.586 mark, which could signal the establishment of a new price range. The Weekly Relative Strength Index (RSI) has rebounded, while the Awesome Oscillator (AO) suggests the continuation of bullish momentum. Technical analysis predicts a possible ascent to the $0.920 level, a 50% increase from the current price. As Ripple attracts investors, they must also monitor Bitcoin‘s performance, as a downturn in Bitcoin could have repercussions for altcoins, including a potential 22% drop in Ripple’s value to the subsequent support level of $0.481. Source: CoinMarketCap News #write2earn#HotTrends#BTC#BNB#SOL
Ethereum’s Network Usage Spikes with a 46% Increase
Despite a notable increase in daily users and transactions on Ethereum’s network, its cryptocurrency, ETH, has seen a significant price correction. The contrast between Ethereum’s network health and its market value presents a perplexing scenario for investors. Over the last month, the number of daily active Ethereum addresses rose sharply by over 46%, indicating heightened network activity and potential demand. However, this surge in usage has not translated into price gains for ETH, which has underperformed compared to Bitcoin and even traditional markets like the S&P 500.
As Ethereum battles market speculation and regulatory scrutiny, questions arise about its ability to resume its recent uptrend. The classification of ETH as a security by regulatory bodies could have far-reaching implications for the broader cryptocurrency ecosystem. Despite these challenges, Ethereum’s network continues to grow, with on-chain data suggesting an underlying strength that could support long-term price appreciation. Yet, the immediate future of ETH’s price remains uncertain, influenced by market sentiment and speculative pressures.
The dynamic between Ethereum’s increasing network activity and its price dip reflects broader trends in the cryptocurrency market, where speculation often overrides fundamental indicators of value. Ethereum’s recent price movements and regulatory concerns serve as a reminder of the volatile and unpredictable nature of cryptocurrency markets. As Ethereum continues to develop and attract users, its long-term value proposition remains strong, but short-term price movements may continue to be influenced by external factors beyond mere network activity.
BTC Sell-off? The Grayscale Bitcoin Trust’s (GBTC) March 21 net outflows of $358.8 million
Crypto asset manager Grayscale’s Bitcoin (BTC) exchange-traded fund (ETF) has notched another day of high outflows as nearly $359 million exited the fund on March 21, but analysts think the Grayscale-led exodus could soon be coming to an end. The Grayscale Bitcoin Trust’s (GBTC) March 21 net outflows of $358.8 million follows a massive week of outflows, with its $642 million on March 18being the largest day on record, per Farside Investors data. The latest figures bring this week’s total outflows for GBTC to $1.8 billion and marks the fourth consecutive day of net outflows across all 10 Bitcoin ETFs. Senior Bloomberg ETF analyst Eric Balchunas speculated in a March 21 X post that much of Grayscale’s outflows could soon drawi to a close, with the majority of them coming from bankruptcies of crypto firms due to their “size and consistency.” “Any Gemini/Genisis outflows likely buying BTC [with] cash hence market holding up,” said Balchunas.
eTukTuk (TUK) Addressing a major hurdle in developing regions—limited electric vehicle infrastructure—eTukTuk steps in with a comprehensive electric tuk-tuk ecosystem. These cost-effective and efficient vehicles aim to replace over 270 million traditional tuk-tuks, leading to substantial reductions in carbon emissions and cleaner air. Their innovative approach leverages decentralized physical infrastructure networks and blockchain technology to create a transparent, secure, and democratic ecosystem. Central to this initiative is the TUK token, which serves a dual purpose: incentivizing participation and supporting environmentally friendly practices. TUK holders can earn attractive staking rewards exceeding 100%, promoting long-term investment strategies. This focus on sustainability is a major draw for investors seeking green AI solutions, further bolstered by eTukTuk’s commitment to transparency. Their well-documented and publicly available profile fosters trust, a crucial element in the cryptocurrency market. Green Bitcoin (GBTC) Green Bitcoin, a recently launched eco-friendly cryptocurrency, positions itself as a sustainable alternative to traditional Bitcoin. Having already attracted substantial investor interest, raising over $7.3 million, it indicates promising potential within the crypto market. With the current token price set at $1.1062 per $GBTC. This new cryptocurrency introduces a unique mechanism for acquiring and staking tokens, known as gamified green staking. By allowing users to participate in staking during the presale phase, it facilitates immediate involvement and the opportunity for reward accumulation. Additionally, after the presale concludes and the token officially launches, users will gain the ability to make predictions on Bitcoin’s price performance. Green Bitcoin prioritizes accessibility by accepting purchases through ETH, USDT, and credit cards, broadening its appeal to a wider investor base. Dogecoin20 (DOGE20) Dogecoin20, a new cryptocurrency inspired by internet memes, has generated significant buzz by raising over $5 million in less than a week on presale. This hefty sum reflects the enduring appeal of meme coins among crypto investors. Dogecoin20 offers a fresh twist on the Dogecoin concept, aiming to be cheaper, greener, and more rewarding. Unlike Dogecoin’s mining system, Dogecoin20 utilizes a proof-of-stake model. This shift makes Dogecoin20 both more scalable and environmentally friendly. Additionally, holders can earn passive income by staking their tokens, further incentivizing participation in the Dogecoin20 network. The project’s presale success can be attributed to its clever blend of innovative technology and its ability to attract both crypto enthusiasts and those seeking high returns. Investors have multiple options for purchasing DOGE20, including ETH, USDT, fiat, and BNB. However, it’s important to note that choosing BNB excludes investors from the lucrative 229% annual staking reward program. Alternatively, for comprehensive instructions on how to purchase $DOGE20, please refer to our detailed guide. Source: CoinMarketCap News #WRITE2RARN
Bitcoin Bounced Back Above $67,000 prompted $300 million worth of short positions liquidated
Over 80,000 Traders Faces Liquidation The data provided by Coinglass sheds light on the magnitude of the liquidations, revealing that approximately 86,047 traders suffered losses exceeding $250 million within a mere 24-hour period. Major exchanges like Binance, OKX, Bybit, and Huobi were the arenas for these significant financial setbacks, with Binance traders bearing the brunt of the liquidations. Particularly, Binance recorded $128.7 million in liquidations, while other major platforms such as OKX, Bybit, and Huobi also experienced significant liquidations, amounting to $99.87 million, $33.18 million, and $17.70 million, respectively. Meanwhile, despite also facing liquidations, the smaller exchanges had a comparatively minor impact. Most affected positions were short trades, reflecting a widespread anticipation of a market downturn that did not materialize as expected. Short positions recorded an estimated 57.55% of the liquidations, equivalent to $164.10 million, from traders betting against the market.
A recent report says withdrawal of $326 million from nine Bitcoin Exchange-Traded Funds (ETFs), marking a significant increase over the prior day’s outflows. This shift comes amid a downturn in Bitcoin’s value, with the cryptocurrency‘s price dropping to $61,035. The investment landscape has exhibited a wary approach, with BlackRock’s Bitcoin ETF, IBIT, witnessing a $75 million influx, and Fidelity’s FBTC following with $39.6 million. However, other Bitcoin ETFs have seen negligible inflows. This cautious behavior from institutional investors precedes the upcoming Federal Open Market Committee (FOMC) meeting. Grayscale’s Bitcoin ETF, GBTC, in particular, reported a substantial net outflow of $444 million on Tuesday, despite a recent fee reduction announcement by Grayscale CEO Michael Sonnenshein. This move appears not to have assuaged investor concerns, with an additional 6,860 Bitcoins, or 1.9% of their total holdings, also exiting the fund.
The cryptocurrency market is facing increasing uncertainty as it braces for the FOMC meeting results. Bitcoin and Ethereum have both faced substantial price reductions, with Bitcoin slipping below $61,100 and Ethereum falling to approximately $3,089. Analysts underscore the importance of demand from spot Bitcoin ETFs in maintaining the $60,000 price range. Despite the market jitters, CryptoQuant analysis suggests the bull market may still have momentum, without definitive signs of a halt.
Ethereum ETF - The US SEC extends the deadline for its decision on May 30 According to CoinMarketCap News: The US Securities and Exchange Commission (SEC) has postponed its judgment on whether to approve the Hashdex Nasdaq Ethereum exchange-traded fund. This comes as the regulator decided to postponed the decision on May 30, 2024, and the fund will hold ether spot and futures contracts if approved. The Nasdaq Stock Exchange (NSE) filed an application with the SEC in September, and Toroso Investments administers and controls the fund. In addition, the SEC solicited public comment on the ETF in December and has postponed a decision on many occasions. Also, the SEC has postponed its decision on the ARK 21Shares Ethereum ETF, which tracks the performance of ether, until May 24, 2024. In light with this, the SEC has also requested public input on this proposal. The chance of a spot Ethereum ETF clearance by May has decreased, with Eric Balchunas, an ETF analyst at Bloomberg, reducing his forecast from 70% to 30%. Recently, Grayscale has submitted an updated application for a spot Ethereum ETF to the US SEC. The firm notes that the triumph of Ethereum futures ETFs bolsters the argument for a direct Ethereum ETF.
Binance Loans on March 20, 2024 added New Loanable assets.
How does Binance Loans works?
Binance Loans (Flexible Rate) is an open-term loan product that allows users to complete loan orders while collateralizing cryptocurrencies in existing Simple Earn Flexible Products subscriptions. Users may enjoy greater flexibility without committing to a specific loan term when borrowing cryptocurrencies on Binance Loans (Flexible Rate), and earn Real-Time APR rewards via Simple Earn Flexible Products at the same time. Loan rates are refreshed every minute, and users may place a loan order with a minimum of 1 USDT equivalent.
Binance has added the following assets:
Algorand (ALGO) ApeCoin (APE) Dai (DAI) Open Campus (EDU) MultiversX (EGLD) FLOKI (FLOKI) Flow (FLOW) The Graph (GRT) Immutable (IMX) Lido DAO (LDO) Mina (MINA) Maker (MKR) Neo (NEO) Quant (QNT) Stacks (STX) Solar (SXP) Zilliqa (ZIL)
AITECH x CMC: $50,000 Airdrop Campaign! Mar 20, 2024 - Apr 3, 2024
How to Participate? Go to Coinmarketcap website 1. Search for AITECH and enter the token page Add $AITECH token to your CoinMarketCap watchlist
2. Comment on $AITECH token page with a [Bullish] label, and explain in the comment your favorite things about AITECH. Include the following tags in the comment: $AITECH $ETH $BTC $BNB.
3. Add $AITECH to your CoinMarketCap Portfolio (Only if you are a $AITECH holder)
4. Follow AITECH on CoinMarketCap Community
5. Like, Comment, and Share the pinned post on ChianGPT's Community Page
6. Like, Comment, and Share the latest 10 posts. > AITECH Community Profile
7. Enter AITECH token page on CMC, and follow the social media accounts attached to the profile (Twitter/X , Telegram, Discord):
8. Tweet about AITECH Airdrop event, Tag @AITECHio, use the hashtags: #AITECH $AITECH, and tag 3 of your friends. Make sure to also follow @AITECHPad on Twitter.
9. Fill in the airdrop form and leave your BSC address
Trezor‘s Twitter account has been hacked, and posts are being made in the style of “send me crypto, and I’ll send you tokens,” similar to what a user named Kero did.
Any balance sent by investors to the wallet address mentioned will end up in the hands of the attackers, so you should definitely not send money in the hope of receiving tokens. Additionally, you should be cautious of different trap posts that might be shared in the coming minutes and should not click on any links.
No tokens were sent to the shared address in the few minutes that followed. Although the number of victims is zero for now, losses could occur if the account remains in the hands of the attackers for an extended period.
Lower rates would weaken U.S. Treasury yields, making riskier assets such as cryptocurrencies more attractive to investors.
Bitcoin is technically in a correction, which means it's trading more than 10% lower than its prior high of $73,000 set not a week ago.
And this big move in the largest cryptocurrency by market capitalization has also spilled over into Ether (ETH), Solana (SOL) and Cardano (ADA), which also saw big drops in trade. Crypto investors are closely watching the Federal Reserve this week for clues about the timing or magnitude of an interest rate cut.
Over $700 Million liquited after BTC price dropped 10%
Bitcoin‘s price plunged to below $66,000 and resulting in over $700 million in losses for traders
This downturn follows a recent peak of $73,750, driven by excitement over spot Bitcoin exchange-traded funds (ETFs).
The correction, dropping the price by over 10%, was largely because of inflation fears, confirmed by recent macroeconomic indicators.
Will There Be More Losses for BTC?
The most crucial issue at the moment is the price’s proximity to the critical support point near $65,000. However, the strength of this support point seems to be tested, and if it fails to hold, more losses could be on the horizon for BTC.
So, which levels are critical? The first major support is at $64,550. However, the point we should really focus on is the $64,000 level. If we see a close below this level, we should consider the possibility of a price decline towards $63,500. In the event of further losses, the price could be predicted to journey towards the $62,000 support zone.
Decrypting the Bitcoin Price Drop: Understanding the Factors Behind Today's Plunge
In the fast-paced and often unpredictable world of cryptocurrency markets, volatility is a constant companion. Today, Bitcoin (BTC), the flagship cryptocurrency, experienced a significant price drop, leaving investors and enthusiasts scrambling for answers.
Market Sentiment and Profit-taking:
One of the primary drivers behind today's Bitcoin price drop could be attributed to market sentiment and profit-taking. After reaching new all-time highs in recent weeks, investors may have opted to capitalize on their gains, selling their Bitcoin holdings to lock in profits. This influx of selling pressure can exert downward pressure on Bitcoin's price, triggering a cascade of sell-offs as traders seek to secure their gains amid uncertainty in the market.
Technical Factors and Market Manipulation
Technical factors and market dynamics play a crucial role in shaping Bitcoin's price movements. Today's price drop may have been exacerbated by technical indicators, such as overbought conditions or bearish chart patterns, prompting traders to initiate sell orders or liquidate leveraged positions. Moreover, the crypto market is susceptible to manipulation by whales and large institutional players, who can orchestrate coordinated sell-offs or pump-and-dump schemes to manipulate prices for their gain.
Conclusion: Navigating the Crypto Rollercoaster
In conclusion, the sudden drop in Bitcoin's price today underscores the inherent volatility and uncertainty that characterize cryptocurrency markets. While various factors may have contributed to today's downturn, it's essential for investors and traders to maintain a long-term perspective and exercise caution when navigating the crypto rollercoaster. Conducting thorough research, staying informed about market developments, and adopting risk management strategies can help mitigate the impact of price fluctuations and navigate the complexities of the crypto market with confidence.
Navigating the Crypto Seas: Top 5 Centralized Exchanges (CEX)
In the bustling and dynamic world of cryptocurrency trading, centralized exchanges (CEX) serve as the cornerstone for investors and traders to buy, sell, and trade digital assets with ease and efficiency. Among the myriad of exchanges available, a select few stand out for their exceptional trading volumes, liquidity, and reliability. In this blog post, we'll delve into the top 5 centralized exchanges in the crypto market, ranked by their trading volumes, shedding light on what makes them the go-to destinations for crypto enthusiasts worldwide.
1. Binance
Binance, founded in 2017 by Changpeng Zhao (CZ), has solidified its position as the world's largest cryptocurrency exchange by trading volume.
2. Coinbase Pro
Coinbase Pro, the advanced trading platform of the renowned Coinbase exchange, boasts significant trading volumes and liquidity, making it a preferred choice for traders.
3. Huobi Global
Huobi Global, founded in 2013, stands as one of the oldest and most reputable cryptocurrency exchanges in the industry.
4. Kraken
Kraken, founded in 2011, holds the distinction of being one of the longest-standing cryptocurrency exchanges in the industry. Known for its commitment to security, regulatory compliance, and transparency, Kraken has earned the trust of traders and investors worldwide.
5. Bitfinex
Bitfinex, established in 2012, has cemented its position as one of the leading cryptocurrency exchanges in terms of trading volume and liquidity. With its advanced trading features, including margin trading, lending, and derivatives, Bitfinex caters to both retail and institutional traders seeking access to a diverse range of trading instruments.
Unveiling the Top 5 Crypto Assets on Binance: A Comprehensive Analysis
In the ever-evolving landscape of cryptocurrencies, Binance stands as a titan, a global platform where traders and investors converge to explore the vast realm of digital assets. Within Binance's ecosystem, a plethora of cryptocurrencies thrives, each with its unique features, potentials, and risks. In this blog post, we'll embark on a journey to uncover the top 10 crypto assets on Binance, delving into their backgrounds, functionalities, and what makes them stand out in the bustling crypto market.
As the pioneer of cryptocurrencies, Bitcoin needs no introduction. Serving as the cornerstone of the entire crypto market, Bitcoin boasts unparalleled liquidity, adoption, and recognition. With a capped supply of 21 million coins, Bitcoin remains a store of value and a hedge against traditional financial systems.
2. Ethereum (ETH) Symbol: ETH | Market Cap: $Billions
Ethereum, often dubbed as the "world computer," revolutionized blockchain technology with its smart contract functionality. Hosting a myriad of decentralized applications (DApps) and facilitating the creation of new tokens through its ERC-20 standard, Ethereum continues to be a driving force in the decentralized finance (DeFi) space.
Binance Coin, the native token of the Binance ecosystem, serves multifaceted purposes. From reducing trading fees on the Binance exchange to powering the Binance Smart Chain (BSC), BNB has cemented its position as one of the most versatile utility tokens in the crypto sphere.
4. Solana (SOL) Symbol: SOL | Market Cap: $Billions
Solana has emerged as a prominent player in the realm of blockchain scalability and throughput.
5. Cardano (ADA) Symbol: ADA | Market Cap: $Billions Cardano prides itself on its scientific approach to blockchain development, prioritizing scalability, interoperability, and sustainability.
The Halving Effect: Unraveling Bitcoin's Price Mystery #Write2Earn
As Bitcoin continues to capture the imagination of investors and enthusiasts worldwide, one event stands out as a pivotal moment in its history: the halving. Scheduled to occur roughly every four years, the halving event reduces the rate at which new Bitcoins are created, effectively cutting the supply of new coins entering circulation. But what does this mean for the price of Bitcoin?
To understand the halving event, it's essential to grasp the fundamentals of Bitcoin's monetary policy. Unlike traditional currencies controlled by central banks, Bitcoin operates on a decentralized network, and its monetary policy is predetermined by code. Every 210,000 blocks mined, approximately every four years, the reward given to miners for validating transactions is halved. This reduction in mining rewards is what's known as the halving event.
Examining past halving events provides valuable insights into how Bitcoin's price has reacted in the past. The first halving occurred in November 2012, followed by subsequent events in July 2016 and May 2020. Historical data shows that in the months leading up to each halving, there's often a surge in demand as investors anticipate the event's impact on supply and demand dynamics. This increased demand can drive up the price of Bitcoin.
Following each halving event, Bitcoin's price has exhibited varied behavior. While some analysts expected an immediate and significant price surge, the reality has been more nuanced. In the short term, the price has experienced fluctuations, sometimes even a temporary dip, as the market adjusts to the new supply dynamics. However, over the longer term, the effects of the halving event have often been bullish, with Bitcoin's price eventually reaching new highs.
The halving reduces the rate of new Bitcoin issuance, effectively decreasing the available supply. If demand remains constant or increases, the reduction in supply can lead to upward pressure on prices.