The last time the sell-side risk ratio was this low was in late 2015, which started the bull run that reached $20,000 in December 2017.
#bitcoin

Glassnode’s lead on-chain analyst Checkmate said in his comments on May 24 that the sell-side risk ratio metric suggests that “sellers are exhausted on both sides,” and that indicates big moves “are coming.”

While anything is possible, the Bitcoin bulls are unlikely to give up the $25,000 support without putting up a fight.

Bitcoin remains pinned below $27,000, and the recent weakness of the past few days has increased calls from analysts for a fall to the low $20,000 levels.

BTC’s price remained below the key $27K mark and was trading at $26,252.95.

#BItcoin lost crucial levels after rejecting at $27.5K.

The popular crypto trader and analyst Michael van de Poppe recently tweeted the possible scenarios for Bitcoin (BTC) which he will be watching out for over the next few days. This post comes after the market leader’s price got rejected from the $27.5K resistance, which the trader labelled as a crucial level.

BDCs distributed through blockchain technology can provide cheaper, faster and possibly more accessible transactions than traditional banking systems, while also possessing the potential to more effectively counter illegal financial activity, including money laundering. Still, whether these benefits are worth the increased control by governments over citizens’ finances and the risks of system failure when central banks make mistakes is an open question for debate.

Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology.

The ChatGPT plugin is available for download from Github and will "make it easier to understand Solana data and protocols, or surface data about Solana's computing infrastructure and DeFi projects."

On May 23, the Solana Foundation, a non-profit dedicated to maintaining and developing the layer-1 Solana blockchain, announced that it has integrated artificial intelligence using a ChatGPT plugin developed by Solana Labs.

The resolution of regulatory issues and the normalization of accounting practices may eventually lead more companies to consider Bitcoin as a substantial asset allocation, according to Saylor.

Saylor believes that Bitcoin’s credibility has been strengthened through the failures of other crypto companies, highlighting its uniqueness as a commodity.

Moreover, the expanding ecosystem of Cardano, characterized by a flurry of new releases and project launches, could be contributing to this surge. The development of new decentralized applications (dApps), non-fungible token (NFT) platforms, and decentralized finance (DeFi) projects on Cardano’s blockchain presents an enticing opportunity for large investors. They may be accumulating ADA in anticipation of utilizing or supporting these new projects, which could explain the sudden increase in high-volume transactions.

One of the main factors driving this surge could be the fundamental growth of the Cardano network itself. Over the past few months, Cardano has made substantial progress in improving its platform, creating an environment that facilitates the acceleration of large-scale transactions. Upgrades such as the Alonzo hard fork, which introduced smart contract capabilities to the network, might have encouraged the adoption of Cardano among large-scale investors, thereby influencing the spike in transactions.

Recently, there has been a noticeable rise in significant transactions occurring on the Cardano network. The volume of these transactions has surged from around 70 billion ADA to an impressive 180 billion ADA. This sudden increase of 100 billion ADA has piqued curiosity regarding the reasons behind this sudden surge in activity by large investors.

A rug pull or exit scam occurs when a seemingly legitimate project gathers investment or user deposits before promptly shutting everything down, pulling the capital and vanishing — if they adequately cover their tracks.

Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform.

From a technical perspective, AGIX’s price was able to flip the $0.27109 resistance into support yesterday morning. In the 12 hours that followed, the altcoin was able to do the same with the next key resistance level at $0.29845 – a level it continued to trade above at press time.

This positive price movement was the product of the recent spike in the altcoin’s trading volume in the past 24 hours. CoinMarketCap indicated that AGIX’s daily trading volume stood at $171,766,216, which was a 436.12% increase in the previous 24 hours