Category: Cryptocurrency News

Investors are once again accumulating Bitcoin (BTC) despite previous price declines. Reports indicate that approximately $1.3 billion worth of Bitcoin has been withdrawn from various crypto exchanges, signaling a renewed interest and confidence in the leading cryptocurrency.  Bitcoin Accumulation Frenzy Resumes Data from IntoTheBlock has revealed a new accumulation trend amongst Bitcoin investors. According to the financial service platform, roughly $1.29 billion worth of BTC has exited various Centralized Exchanges (CEXs) in the last week.  Related Reading: Analyst Sounds Warning For Bullish Investors, Says Solana Will Crash 42% To $80 This development signals a shift in investors’ sentiment from a previously bearish stance. Just this September, Bitcoin has experienced severe price fluctuations and volatility, raising concerns amongst investors about the cryptocurrency’s future outlook. There have even been reports of liquidation in the market, with analysts noting that September is historically a bearish period for the crypto market.  With Bitcoin now seeing renewed momentum and experiencing a price surge above the $60,000 mark, investors’ interest in the cryptocurrency has resurged. Based on IntoTheBlock’s report, the majority of Bitcoin outflows, amounting to 12,420 BTC, from crypto exchanges occurred on Tuesday, September 10. During this time, the price of the cryptocurrency had been trading below $60,000, suggesting that investors were accumulating in anticipation of a potential price surge.  Apparently, Bitcoin holders had begun selling their holdings and taking profits around Friday, September 13. ITB’s data also revealed that 82% of BTC investors are currently making gains, while 13% are in loss.  Interestingly, this accumulation trend has extended its influence towards Bitcoin whales. In an X (formerly Twitter) post on September 14, popular crypto trader, Ash Crypto, unveiled a lofty Bitcoin transaction involving the purchase of 1,062 BTC, valued at $64 million by an anonymous whale.  With the new Bitcoin addition, the unidentified whale now holds a whopping 10,043 BTC, worth approximately $600 million, based on exchange rates at the time. This move by the whale is also an indication that the market is transitioning into a more bullish and positive sentiment. This trend is common after a market correction or a decline in a cryptocurrency, where prices have reached a perceived low.  Will BTC’s Price Hit $75,000? The recent spike in Bitcoin accumulation indicates that investors are now looking favorably at the cryptocurrency, possibly anticipating a price increase in the future. This new trend could potentially trigger a rally to new all-time highs around $75,000 if it continues.  Related Reading: ‘Super Guppy’ Indicator Shows XRP Is Ready For A Surge To $99 Earlier this year, when Bitcoin accumulation was at one of its highest, the price of the cryptocurrency had surged to its current all-time high of above $73,000. This bullish development could reoccur as demand and interest in the cryptocurrency surges.  Although Bitcoin saw a rise above $60,000 over the past week, its price is now down by 2.37% and currently trading at $58,739, according to CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

Crypto interest groups could determine whether Democrats or Republicans have a majority in the US Senate in 2025 by backing candidates in crucial November races.

Every once in a while, we like to shake things up by running a playful experiment with a variety of artificial intelligence (AI) chatbots to forecast the future prices of bitcoin, ethereum, gold, and even the 2024 election outcomes. Three months back, we put eight different chatbots to the test, asking them to predict where […]

Nervos Network (CKB) has caught the attention of the broader crypto community, with its price soaring by 55% in the last 24 hours. This bullish sentiment, driven by strong market fundamentals and increased interest from institutional investors, suggests that Nervos Network (CKB) could be poised for even more significant gains in the coming years. In this article, we will dive into Nervos Network (CKB)’s price prediction for 2024, 2025, and 2026, and explore why CKB whales are adding Mpeppe (MPEPE) to their portfolios. 2024 Price Prediction: A Bullish Year Ahead As of September 2024, Nervos Network (CKB) is trading at $0.0139, marking a significant 55.04% increase compared to 24 hours ago. The recent listing on Upbit has propelled the token into the limelight, and with the current bullish trend, Nervos Network (CKB) could easily see its price rise further. Analysts predict that by the end of 2024, Nervos Network (CKB) could reach the $0.01907 mark, a 41% increase from its current price. Nervos Network (CKB) has shown tremendous growth on both the weekly and monthly charts, with gains of over 77.49% and 73.76%, respectively. Given its upward momentum and favorable technical indicators such as the Relative Strength Index (RSI) and Simple Moving Averages (SMA), Nervos Network (CKB) is on track to continue its bullish trend through the end of 2024. 2025 Price Prediction: Continued Adoption and Growth Looking ahead to 2025, Nervos Network (CKB) is expected to experience continued adoption as blockchain interoperability becomes a critical focus for developers. The coin’s price could see steady growth, potentially reaching $0.030 by mid-2025. Several factors will contribute to this growth, including the expansion of DeFi applications built on the Nervos blockchain and its integration with major platforms. Additionally, Nervos Network (CKB)’s partnership with Layer 2 solutions could boost its ecosystem, making it more appealing to developers and investors alike. By 2025, the Nervos Network (CKB) could solidify its position as one of the top Layer 1 blockchain projects, with potential price growth of over 100% from current levels. 2026 Price Prediction: Long-Term Potential for Massive Gains By 2026, Nervos Network (CKB) could see exponential growth as the broader cryptocurrency market matures and more investors recognize the potential of interoperable blockchains. Some analysts predict that Nervos Network (CKB) could reach $0.050 by the end of 2026, as institutional investors begin to take a greater interest in blockchain technology. One notable development in 2026 could be the continued accumulation of Nervos Network (CKB) by large holders, or “whales.” Many of these whales have already started adding Mpeppe (MPEPE) to their crypto bags, seeing the potential for massive gains in the meme coin space. Mpeppe (MPEPE) offers an intriguing opportunity for CKB whales to diversify their portfolios, particularly as the token is set to launch its decentralized casino platform, combining meme culture with real-world utility. Conclusion: A Promising Future for CKB and Mpeppe Nervos Network (CKB) is well-positioned for strong growth in 2024, 2025, and 2026, driven by its focus on blockchain interoperability and the expansion of its ecosystem. With whales adding Mpeppe (MPEPE) to their portfolios, the two projects could offer significant gains for investors. Whether you’re interested in the long-term potential of Nervos Network (CKB) or the explosive upside of Mpeppe (MPEPE), these cryptocurrencies present exciting opportunities in the rapidly evolving crypto market. For more information on the Mpeppe (MPEPE) Presale:  Visit Mpeppe (MPEPE) Join and become a community member:  https://t.me/mpeppecoin https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ  

Some analysts see this correction as a local price bottom for Ether, based on historical chart patterns.

Chiru Labs, the creator of the Azuki non-fungible token (NFT) collection, has acquired the domain Anime.com as part of its strategy to deepen its involvement in the anime world. This move is seen as an effort to expand their digital footprint and integrate more closely with the anime community. The acquisition of Anime.com is expected […]

Moons are back and distributions are now handled through an off chain bot u/communitycurrencybot. With users earning off Chain Moons every 28 days based off the karma earned on the sub over that period. Balance Check: Once you've earned Moons you can check your balance by sending a message to the bot using the following…
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An analyst has explained how losing this on-chain demand zone could cause Ethereum to witness a crash to as low as $1,800. Ethereum Is Currently Retesting A Major On-Chain Support Zone In a new post on X, analyst Ali Martinez has discussed about how Ethereum is looking like in terms of investor cost basis distribution right now, citing data from the market intelligence platform IntoTheBlock. In the above chart, the dots represent the amount of ETH that was last purchased by investors or addresses inside the corresponding price range. As is visible, the $2,292 to $2,359 range stands out in terms of the size of its dot, suggesting that some heavy buying had occurred between these levels. Related Reading: Bitcoin Sentiment Spikes After Mild Price Jump: Crowd Too Excited Too Quickly? More specifically, almost 52.3 million ETH was acquired by 1.9 million addresses inside this range. Since Ethereum is currently retesting the range, all these investors would be just breaking-even on their investment. To any investor, their cost basis is naturally an important level and thus, they may be more prone to making some kind of move when a retest of it happens. For ranges that host the acquisition level of only a small amount of holders, though, any reaction resulting from a retest isn’t anything too relevant for the wider market. In the case of price ranges that are huge demand zones, however, a retest can cause visible fluctuations in the asset’s price. The aforementioned Ethereum range naturally belongs to this category. As for how exactly a retest of a large demand zone would affect the cryptocurrency, the answer lies in investor psychology. Retests that take place from above, that is, of investors who were in profit just before the retest, generally produce a buying reaction in the market. This is because these holders may believe the asset will go up again in the future, so getting to buy more at their cost basis can appear like a profitable opportunity. As Ethereum is currently retesting the $2,292 to $2,359 range, it’s possible it may feel support and find a rebound. In the scenario that a break under it takes place, however, the cryptocurrency’s price may be in danger. From the chart, it’s apparent that the ranges below this demand zone only carry the cost basis of a small amount of investors, so they may not be able to prevent a further decline in the asset. Related Reading: Legendary Bitcoin Puell Multiple Finally Enters ‘Buy’ Territory “If this demand zone breaks, we could see a sell-off driving ETH toward $1,800,” notes the analyst. A drawdown to this level from the current price would mean a crash of more than 21% for the coin. It now remains to be seen how the Ethereum price will develop in the coming days and if the on-chain support zone will hold. ETH Price After retracing its recovery from the last few days, Ethereum is back at $2,300, which is inside the aforementioned price range. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com