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Bitcoin’s trajectory recently experienced a notable upswing, breaking past the resi stance benchmarks at $26,500 and $26,700. The CRYPTOCURRENCY trades beyond $26,700, surpassing the 100 hourly Simple moving average. This progression is indicative of a bullish momentum, further underlined by a prominent bullish trend line on the BTC /USD hourly chart with foundational support nearing $26,800, as data from Kraken demonstrates. Moreover, the BTC rally showcased its might by pushing past the $27,200 barrier, with the price peak settling at approximately $27,312. While there has been some price consolidation post this surge, a minor retracement under the 23.6% Fib level from the rise of $26,100 to $27,312 was observed. With Bitcoin maintaining its position above the 100 hourly Simple moving average and $26,700, coupled with the bullish trend line’s support close to $26,800, the immediate resistance to watch is around the $27,200 mark. Successive resistance might be encountered near $2

The Interchain Foundation has revealed its 2024 roadmap for Cosmos, prioritizing blockchain modularity, interoperability, and attracting Ethereum ecosystem developer s. The Interchain Foundation, a non-profit with a mission to bolster the adoption of Cosmos, recently unveiled its roadmap for 2024. Their ambition is to redefine the landscape of what is popularly known as the “internet of blockchains.” At the core of this 50-page document lies Cosmos’ commitment to blockchain modularity and interoperability, concepts that are fundamental to the network. These underline Cosmos’ aim to serve as a conduit, connecting various blockchain protocols, allowing seamless communication and transaction processes without necessitating token wrapping. The emphasis on Ethereum(ETH) rollups reveals a clear intention: to cater to developer s who have found layer-2 solutions restricting. 1/ Unveiling the #IBC rebrand! Realigning the Inter-Blockchain Communication Protocol to its core mission: ‘’Pro

Shiba Inu was launched as a Dogecoin-killer. Notably, the first-ever logo of the SHIB token had the said phrase engraved on it. Soon, the project managed to create a loyal “army” of its own. The SHIB Army is quite vocal on social platforms like X and Reddit. In fact, time and again, the hashtag “ShibaInu” keeps trending under the “Business & Finance” genre on X. Source: X Also Read: Shiba Inu: How Much ‘Percent’ Must SHIB Rise to Reach $1? In fact, the asset’s price has also seen a steep rise over the years. From starting with almost two handfuls of “zeros” to knocking more than half of them out, SHIB has grown by leaps and bounds. In fact, several investors have become multi-millionaires overnight. Even on the fundamental front, the project has made prompt progress. Right from the metaverse to card games and its own native L2 solution, Shiba Inu has managed to check a host of important bases. In fact, several other projects are still in the pipeline and are being worked on by

Sep 28, 2023 at 23:38 // Price Author Coin Idol The price of Bitcoin (BTC) has consistently held above the $26,000 psychological support. Bitcoin price Analysis from Coinidol.com. Bitcoin (BTC) Price Long Term Forecast: Bearish The largest cryptocurrency fell back above $26,000 after a price rally on September 27 and managed to reach $27,000 by the end of September 28. The price rise reached the resistance level of $26,800 before falling above the existing support. On the positive side, the BTC price is facing challenges in the overbought area of the market.

Bitcoin’s Tug of War: $26,700 Resistance vs. $26,000 Support; Bitcoin continues to wrestle with key resistance levels . The virtual currency has yet to break past the $26,500 and $26,700 barriers. However, it’s evident from the BTC/USD hourly chart data (sourced from Kraken) that the price holds ground above the $26,200 mark and the 100 hourly Simple Moving Average. Additionally, an emerging bullish trend line, with its backbone support pegged near $26,200, offers a glimmer of hope for crypto enthusiasts. Following a commendable recovery attempt from the critical $26,000 support zone, Bitcoin did manage to leapfrog the $26,350 and $26,500 resistance points. Moreover, there was a brief moment when the CRYPTOCURRENCY even touched the $26,700 level. Yet, bears weren’t to be outdone. Consequently, a robust rejection pattern formed near $26,818, pushing the price to retract below $26,500. Besides the bullish trend line, current dynamics suggest that Bitcoin’s value might soon be upward.

The cryptocurrency market’s value rose 0.67% over the past 24 hours. LRC, WLD, LUNC, and SOL may present traders with fair trade opportunities in the coming few days. WLD may break above a key resistance level soon to invalidate a bearish pattern that had formed on its daily chart. Several cryptocurrencies were able to achieve 24-hour gains throughout the past trading day. As a result, the market recorded a 0.67% increase in its collective market capitalization, according to CoinMarketCap data. This slight rebound may lead investors and traders to search for promising trade opportunities in the market this coming week. Potential trade opportunities that traders will want to take note of are those presented by Terra Classic (LUNC), Worldcoin (WLD), Solana (SOL), and Loopring (LRC). During the past few days, noteworthy technical flags were triggered on these altcoins’ charts. Terra Classic (LUNC) LUNC’s price was able to overcome a significant price poi

Binance’s upcoming Binance Blockchain Week is scheduled to take place in Istanbul, Turkey. The new CMO, Rachel Conlan, acknowledges the city as a crypto hub with vast crypto opportunities. Conlan also identifies Turkey as a crypto-friendly nation with a vibrant ecosystem for any industry. Turkey garners attention in the highly competitive crypto space with its tremendous crypto-friendly environment and stupendous crypto adoption. Acknowledging the vast opportunities of the transcontinental country, Binance has chosen Istanbul as the venue for the upcoming Binance Blockchain Week, scheduled for November, 8-9. Binance Blockchain Week is a yearly gathering of traders, founders, investors, regulators, global officials, and innovators discussing and contributing to the future of blockchain technology. As per Binance’s official announcement, this year’s event would exclusively focus on “how blockchain and crypto can financially empower a billion more users around t

Bitcoin rose to $26,820 on Wednesday, trading in the opposite direction to stocks as the Dollar Index hit a 10-month high. An easing for the DXY could see Bitcoin price strengthen above the $26k base. Bitcoin (BTC) defied a surge for the Dollar Index (DXY) on Wednesday, spiking to above $26,820 in early US trading hours. The gains for the benchmark cryptocurrency buoyed the altcoin market, with several tokens seeing decent moves to push the total market cap up by about 1.5%. But as the DXY, which measures the greenback’s strength against a basket of other major currencies, hit highs of 106.83 for its highest level since November 2022, stock s moved lower. Alongside the dollar’s strength has been rising yields, with the benchmark 10-year US Treasury yield soaring to a 16-year high of 4.64%. The two-year US yield rose to 5.15% It’s a scenario that sees the stock market compound weakness seen over the past week, including Tuesday’s Dow slump that was the bigge

Riot Platforms (NASDAQ: RIOT) stock price continued its sell-off even as Bitcoin and other cryptocurrencies held steady. The shares plunged to a low of $8.90 on Tuesday, the lowest level since April 6th. It has retreated by more than 56% from its highest point this year, meaning it is in a deep bear zone. Bitcoin is holding really well Riot Platforms is a major company in the  Bitcoin mining industry. The company runs some of the biggest mining rigs in the world. For example, its Rockdale facility is the biggest mining and hosting facility in North America. It has a deployed hash rate of 10.7 EH/s.  Riot Platforms and other mining companies like Marathon Digital, Cipher Mining, and Argo Blockchain tend to do well when  Bitcoin price is rising. This explains why the shares jumped to a high of over $20.6  when Bitcoin surged to the year-to-date high of $32,000. Therefore, it is quite surprising that the Riot Platforms share price has plunged even as Bitcoin

Upon its launch in December 2013, Dogecoin was trading at around $0.00058. The memecoin reached the 1 cent mark in early 2018, but quickly gained back a zero after its decimal point. It was not until February 2021 that DOGE would see its first massive price spike, reaching $0.072. A few months later, in May, the popular dog-themed crypto would reach its all-time high of $0.731, registering a gain of 126020.69% since its launch. However, the peak would not last very long. Since 2022, DOGE has been on a downward trajectory, apart from a few sporadic spikes, mostly from tweets by Elon Musk, a vocal DOGE supporter. Nonetheless, despite its fall from the 2021 bull run, if an investor continuously invested in the crypto since its launch, they would still be in profit. Also Read: Shiba Inu vs. Dogecoin : Which Memecoin Will Reach $1 First? How much would you have made with $100 in weekly investments in Dogecoin since its launch? Source: Crypto News Dogecoin (DOGE) is currently u

It is a known fact that Shiba Inu has fetched multiple traders and investors hefty profits. On the flip side, many past and current investors are underwater. Watcher Guru asked the My AI chatbot for tips to maximize SHIB profits, and it came up with three simple yet effective tips. In this article, we will be looking into them. Source: Decrypt Also Read: Shiba Inu: How Many SHIB Tokens Does Elon Musk Own? How to Make SHIB Profits? AI to the Rescue Market awareness plays a key role in both trading and investing. Owing to the high correlation, the market is closely knit. As a result, being wary of updates that could trigger the price is quite critical before trading or investing. Thus, the chatbot suggested monitoring the market “closely” before rolling the ball further. Source: Chat Snapshot with My AI Chatbot Also Read: Shiba Inu: AI Says ‘Exciting Ups’ Lie Ahead for SHIB It is very easy to get carried away by the hype and FOMO waves that ensue in the crypto market. How

Sep 26, 2023 at 08:04 // Price Author Coin Idol The latest price Analysis by Coinidol.com report, Litecoin (LTC) price is still moving horizontally above the $62 support. Long-term forecast of the Litecoin price: fluctuation range The altcoin has not advanced since September 1 as its price remains between $61 and $64. It is currently trapped between the moving average lines. The cryptocurrency's price is steady at $64 at the time of writing. The doji candlesticks have restricted the price movement. When the moving average lines are crossed, Litecoin will en

The analysts say bad actors put a script on the website that installed malware to download a cryptocurrency miner . Group-IB, a Singapore-based cybersecurity provider, revealed in a recent blog post that an undisclosed educational website fell victim to a hidden cryptojacking campaign. According to the firm’s blog post, threat actors inserted a hidden script on the website, which allowed them to remotely install malware on each visitor’s computer and to download a cryptocurrency miner from chrome-error[.]co. Although Group-IB didn’t name the website, the firm noted the educational online platform had “5 million visits per month.” You might also like: Mixin Network temporarily halts operations following $200m defi exploit The analysts say the malware archive — which was downloaded to the victim’s Downloads folder — contained an executable file that installed a mining software XMRig Coin miner to mine Monero (XMR). XMRig is a well-known mining software among cybercrimina

A trader and analyst predicted that LINK could show substantial strength during the next bull market. Over the past 24 hours, LINk’s price rose by 1.75%, making it one of the few altcoins that recorded price increases during this time. Meanwhile, a noteworthy bullish technical flag was recently triggered on LINK’s daily chart. The trader and analyst, Altcoin Sherpa, is extremely bullish on Chainlink (LINK).  In an X post shared today, Altcoin Sherpa revealed that he sees LINK as one of the select few cryptocurrencies that he would contemplate acquiring and holding for an extended period of at least six months. The analyst also shared that he is convinced that LINK is poised to exhibit substantial strength in the upcoming bull market cycle. He based his bullish predictions on LINK’s integral role as a core infrastructure supporting numerous projects as well as the fact that the project has limited competitors. $LINK: Still 1 of the few coins that I would

Researchers from Kyoto University, Japan, have found a new relationship between XRP’s price and its complex web of transactions. According to the study, there is an anti-correlation during volatile market periods. The researchers covered XRP’s price from January 2020 to December 2021, covering both bubble and non-bubble periods. The main fundamentals of the study lie in the correlation tensor spectra. A tensor spectra is a mathematical tool for deciphering the structure and connections of a network. It aids in the uncovering of patterns and relationships between nodes in a network. Also Read: Japan’s SBI Confirms XRP Utility for International Remittance Source: arxiv.org As per the study, when XRP’s price increased, some values taken from transaction data declined. When prices decreased, the transaction data increased. Moreover, there was no correlation between price and the largest singular value during the non-bubble period. However, during the bubble period, a strong ant