Ethereum Price Surge with Signs Pointing to a Reversal
Ethereum (ETH) has broken above $2,600 for the first time since October 1. However, despite signs of increased optimism, the rally may not be as smooth as it seems.
The analysis below will show some blockchain data that shows ETH’s rise may face many hurdles.
Ethereum Still Faces Many Challenges Over the past 30 days, Ethereum’s price has increased by 6%. In the last 24 hours alone, the coin’s trading volume has surged by 90%, indicating strong interest from investors.
However, data from IntoTheBlock shows that Ethereum’s Holding Period has decreased by 56% over the past 7 days. This metric measures the length of time investors have held onto the cryptocurrency without selling. Typically, longer holding periods are associated with bullish trends, while shorter holding periods usually signal bearishness. For Ethereum, the recent decline in holding periods suggests that despite the price increase, many holders are still selling ETH.
$ETH
🚀 *Metaplanet Boosts Bitcoin Holdings Amidst Rally!* 🚀
Japanese investment firm Metaplanet has purchased an additional 106.97 BTC ($6.9M) on Oct. 15, bringing their total holdings to 855.48 BTC ($56M). This move comes as Bitcoin surged 2.06%, crossing the $65,000 mark for the first time since Sept. 30. 📈
- **Current BTC Price**: $65,233
- **24-Hour Peak**: $66,486
- **Market Cap**: $1.28T
Metaplanet's frequent bulk buys signal strong confidence in BTC. What do you think about this strategy? Share your thoughts in the comments! 💬
#CryptoNews #Bitcoin #Metaplanet
🚀 **Bitcoin ETF Inflows Surge Amid Market Rebound!** 🚀
- Spot Bitcoin ETFs in the U.S. saw their largest inflow in over four months, with a whopping $555.86M on Oct. 14, more than double the previous day.
- Leading the pack, Farside’s FBTC attracted $239.25M, followed by Bitwise’s BITB at $100.2M, and BlackRock’s IBIT with $79.51M.
- Other notable funds like ARK Invest’s ARKB and Grayscale’s GBTC also saw significant inflows.
- Bitcoin hit a two-week high of $66,500, boosting ETF trading volumes to $2.61B.
- Ethereum ETFs, however, lagged with $17.07M in inflows.
💬 What do you think about the Bitcoin ETF surge? Comment below!
🚀 **Crypto Market Surge: Short Liquidations Soar!** 🚀
- The crypto market is buzzing with bullish momentum, leading to a surge in short liquidations.
- Coinglass reports $192M in total liquidations over the past 24 hours, with $145M in shorts wiped out.
- Bitcoin (BTC) led the charge, surpassing $66K, causing $63M in liquidations—$55M in shorts.
- Ethereum (ETH) followed, crossing $2,600 with $37M in liquidations—$30M in shorts.
- Binance saw the largest single liquidation order worth $5.2M in ETH/USDT.
- Global crypto market cap rose by $109B, now at $2.406T.
💬 What are your thoughts on this bullish trend? Share below!
People so often can see messages or screenshots of this kind with a seed phrases! With a call to help withdraw money, supposedly an inexperienced user does not know how to do this!
In the head of an ordinary CryptoBro, the idea immediately works that "I am the smartest and now I can easily withdraw these usdt for myself in two clicks"
You take this seed phrase, enter it into any wallet, and you see that there is actually a 100-500 usdt on the balance in the Tron network! You are already starting to anticipate the profit! You click on the withdrawal, but you cannot withdraw because there is no TRX on the wallet to pay the commission! The price of TRX and the cost of the transaction is so cheap, so you quickly deposit 2-5 dollars in TRX to this wallet! Now you have Tron to pay the commission! You click on the withdrawal, but find that the TRX that you just deposited have disappeared somewhere and again there is not enough money to pay the commission!
Congratulations, you were cheated for 2-5 dollars! Sometimes people top up with 100 dollars! And there can be 20-100 such transactions even for 5 dollars a day! After all, such spam is scattered everywhere and crypto bros, thinking that the smartest ones fall for the same trick from all over the world! So a scammer can earn about 50-100 dollars a day) You can see all wallet transactions, withdrawals and deposits by the wallet address in TronScan) And you will see how many people fall for this trick) Brilliant, right?
What is the scheme? In the Tron network, you can give permissions to manage the output functions, confirm the transaction of one address by another wallet) Something like when there is a site or discord, admin panel, and you, as the owner, assign access to moderators to certain branches where they have certain rights! So here one wallet can be assigned with the rights to withdraw and sign transactions to another wallet! Guys, remember the simple rules! No one in cryptocurrency will make you rich Always use your brains
$TRX #TRX #scamriskwarning
Bitcoin Rises to $66,000, Responding Slowly to Global Money Supply
Bitcoin (BTC) has broken above $66,000, sparking hopes of a strong “Uptober” month, shaking off previous weakness. However, after two weeks, BTC’s growth has been slower than expected, affected by factors such as M2 money supply.
$BTC
Scientists have developed a groundbreaking method to convert seawater into hydrogen fuel using electrolysis without producing corrosive byproducts like chlorine gas. This innovative process, led by California-based startup Equatic and supported by ARPA-E, involves an advanced electrolyzer that selectively splits water molecules, avoiding the issues caused by seawater's corrosive minerals and salt.
Unlike traditional methods, Equatic's technology prevents machine damage and toxic byproducts, making it a sustainable solution for hydrogen production. The key to this innovation lies in the specially designed anode, which filters out chlorine and enables the machine to function efficiently for up to three years before maintenance is needed.
This advancement opens new possibilities for utilizing the ocean's vast water resources, contributing to clean energy goals and offering an alternative to pure water electrolysis. As research continues, this technology could play a crucial role in sustainable energy and desalination efforts.
#HydrogenFuel
#CleanEnergy #SeawaterElectrolysis
#SustainableTech
#GreenInnovation #HydrogenEconomy
#RenewableEnergy #CleanTech
🌍 Top 10 Crypto-Friendly Countries for 2024: Dubai, Switzerland, South Korea, Singapore, the U.S., Estonia, Italy, Russia, Germany, and Brazil. Dubai takes the lead with clear regulatory frameworks, no capital gains tax, a low 9% corporate tax, and affordable licensing fees, making it a top destination for crypto businesses. Switzerland, home to 900 registered crypto companies, also offers long-term investors a favorable 7.8% capital gains tax, cementing its place in the global crypto ecosystem.
📊 Asia’s Rise in Crypto Adoption: Asia is a powerhouse in the global crypto landscape. According to Chainalysis' 2024 Global Crypto Adoption Index, five of the top ten countries are in Asia: India (#1), Indonesia (#3), Vietnam (#5), the Philippines (#8), and Pakistan (#9). India’s crypto sector is booming despite regulatory challenges, with 115M crypto owners projected to reach 156M by the end of 2023.
🔗 Southeast Asia Leads Web3 Innovation: Southeast Asia is rapidly adopting Web3 technologies, with Thailand and Vietnam pushing blockchain initiatives and Singapore leading the way with crypto-friendly policies and a $112M fund for local Web3 startups. Gaming is a key driver of adoption, with industry giants like Sony, Square Enix, and Riot Asia (and WEMIX!) integrating blockchain into their platforms.
🚀 Exchanges Driving Crypto Growth: Exchanges like VALR are making waves in the region, with initiatives such as its 5M USDC prize pool attracting thousands of traders. As Asia continues to lead the charge in crypto adoption, the region is setting the benchmark for the future of decentralized finance.
Read more: https://www.cryptotimes.io/2024/10/14/asia-leads-global-crypto-adoption-forging-a-path-for-world/
#CryptoNews🚀🔥 #CryptoNewss #Market_Update #CryptoNewsCommunity #Wemix
Will Toncoin (TON) rise?
One of the most successful altcoins of 2024, Toncoin (TON), created a major trend with a parabolic price rally. The trend ended with the arrest of Telegram CEO Pavel Durov in France.
CryptoQuant analyst JA Maartun hinted that the price volatility in TON will end and the price will start a parabolic rise again. The analyst stated that the trading activity in Toncoin has decreased and the indicators point to the low-risk area. TON, which rose from $ 2 to $ 8, fell to $ 5.27 with the end of the bull run.
The analysis included the following statements;
“More cautious investors may start to like TON, accompanied by the intense whale activity in the last few months. If the trend plays out as predicted, TON may see a major increase in price. This scenario could see the altcoin return to its all-time highs.”
The Toncoin blockchain, where decentralized applications (dApps) have increased, has recently come to the fore. Crypto projects such as $DOGS , CATS and $HMSTR have increased network activity on Toncoin.
Toncoin, which hosts the Touch-to-Earn (T2E) craze, is expected to attract more users in the coming days. Experts predict that the network activity on the blockchain will keep TON strong. UToday, which expects an increase in the TON price, noted the following in its analysis:
“In general, Toncoin has the potential for further price increases and appreciation. The $TON price may soon reach its all-time high.”
TON, which has touched a significant resistance point, may continue its rise if it exceeds the $ 5.3 level. When the price chart is evaluated, it can be expected that the price will reach $ 5.45 in a short time if the $ 5.3 resistance is exceeded. One of the biggest resistance points in front of TON may be $ 5.55.
#CryptoDeNostradame #ParrotBambooCrypto
Educational Post
What Is opBNB?
opBNB is a layer-2 scaling solution designed to amplify the performance of the BNB Smart Chain. Introduced as part of the BNB Chain's commitment to efficiency, opBNB leverages the Optimism OP Stack to deliver high throughput, low transaction fees, and streamlined transaction processing.
At its core, opBNB acts as an important layer-2 scaling solution, which strategically offloads transaction processing and resource usage from the BNB Smart Chain. This architectural approach enables opBNB to provide scalability that extends beyond the constraints of layer-1 solutions. With the capacity to support over 4,000 transactions per second (TPS), opBNB opens up possibilities for large-scale Web3 applications, ensuring a seamless and responsive user experience.
opBNB Advantages
Gas efficiency
One of the key advantages offered by opBNB is its focus on gas efficiency. Gas fees have been a significant factor in blockchain networks, often impacting the cost and speed of transactions. In the case of opBNB, the average gas fees can be as low as $0.001, making transactions not only cost-effective but also contributing to an enhanced overall user experience.
Scalability
The integration of opBNB into the BNB Chain ecosystem reflects a strategic move toward addressing the scalability challenges often faced by blockchain networks. By acting as a layer-2 solution, opBNB optimizes the performance of the BNB Smart Chain, making it more suitable for the demands of large-scale applications and high-frequency transactions.
Development
Developers within the BNB Chain ecosystem now have access to a powerful tool that facilitates the execution of complex and resource-intensive operations. As the Web3 landscape continues to evolve, the importance of layer-2 scaling solutions like opBNB becomes increasingly evident, ensuring that blockchain networks can meet the demands of a growing and dynamic user base.
#Binance #opbnb #CryptoCommunitys
Last week, inflows into crypto funds amounted to $407 million.
The net inflow was $407 million. Investors have become more active, which may be due to the upcoming elections in the US, where Trump is confidently leading, and Kamala is starting to promise mountains of gold, which only reduces her chances.
Most of the inflow came from #Bitcoin❗ and a little from ether. We have a great start to the week 🔥
#bitcoin☀️ #MemeCoinTrending #BTCBreaks66K #BNSOL