The Central Bank of Bahrain (CBB) has said new regulations compelling operators of crowdfunding platforms to ensure their products are suitable for clients are set to replace existing rules which were first issued in 2017. Segregation of Client Money From Platform Operators The Central Bank of Bahrain (CBB) has issued new guidelines which apply to […]
I made a ranting post about the recent decline in quality regarding their services and app, including being unable to top-up the card since the App itself is not opening, Spread being ridiculously high (5-6%) and withdrawal is pending for days and after being declined. My post (https://www.reddit.com/r/Crypto_com/comments/uftgly/transfer_to_defi_wallet_is_pending_since_2_days/) has been removed since without any reasoning…
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After the dip, many assets have been liquidated. In this post I sum up some interesting statistics. The stats in the past 24h at the time of writing: – In the past 24 hours, $384.28M of assets were liquidated. – 12.09% were shorts and 87.91% were longs. – 156.188 traders were liquidated. – Top 3…
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On-chain liquidity was the catalyst of DeFi Summer 2020, but what will lead the DeFi markets to hit a trillion dollars within another year or two?
APE price could see more downside in the coming days as the Otherside hype cools down.
Some analysts say that Bitcoin’s current price action aligns with the Bitcoin halving model, leading them to expect a $24000 bottom before year-end. The topic of Bitcoin’s four-year halving cycle and its effects on BTC’s long-term price is one that has been highly debated within the crypto community. Related Reading | Tether (USDT) Q1 Trading Volume Plunges To $5.3 Trillion In Quarterly Low Crypto analysts predicted that the price of Bitcoin would reach $100,000 by 2021. However, it did not get to this level, and now analysts wonder what will happen in the next six to twelve months. At the moment, the price of BTC is below $40,000. Many technical analysis metrics suggest that it is more likely that the price will go down further than it will recover to the $40,000 to $45,000 range. Let’s look at what analysts think about Bitcoin’s long-term prospects. Bitcoin Could Tumble To $24,000 By The Year-End Crypto analyst and pseudonymous Twitter user “Wolves of Crypto” discussed the four-year cycle theory on Twitter. This theory suggests that the “most probable bear market bottom for Bitcoin will take place in November/December 2022.” As per the projection, Bitcoin marked its highest of the last cycle by reaching $68,789 on November 10, 2021. So now, the BTC market is in the corrective phase, usually seen after the cycle top. The analyst said; The 200–week SMA has been the long-tested bear market bottom indicator for Bitcoin, and hence, the bottom will likely be placed at ~$24,000. If this model is correct, we will see bitcoin break out past its all-time high sometime between August and September of 2023. The independent market analyst Willy Woo suggested that the bottom in Bitcoin could come before the end of 2022. He mentioned, “Orange coin seems a bit undervalued here.” The “Highly Liquid Supply Shock” metric measures how much demand and supply have changed from the long-term average. The chart above shows that when the oscillator went down to the same level as it is now, the price of Bitcoin went up shortly afterward. He said; Not a bad time for investors to wait for the law of mean reversion to play out. BTC At Mid-term Low The crypto market analyst Philip Swift has suggested that Bitcoin could be in an optimal accumulation range. The AASI or active address sentiment indicator indicates this point for the buy zone. Related Reading | Bitcoin Struggles To Hold $40K While Crypto Track US Stocks “The AASI is back in the green zone. This suggests that the Bitcoin price change is at a sensible level relative to active address change,” said Swift. “This tool has a good hit rate across bull and bear markets for signaling a mid-term low.” The AASI reading is currently similar to the readings it had in the past. For example, the price of Bitcoin was low around the same time, and it increased in price a few weeks or months later. Generally, Bitcoin is following a four-year cycle, but the increase is happening at a slower rate than expected. Featured image from Pixabay, chart from Tradingview
It's common knowledge here that the SOL network goes down frequently, gets hacked, doesn't work etc yet people still continue to invest in it. And yet again it was attacked recently! If traditional banking was this flakey the government would haul it over the coals and watch it burn. Yet people still invest in this…
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Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn’t change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this […]
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