Category: Cryptocurrency News

Hedera contributed the entirety of its source code to LF Decentralized Trust. submitted by /u/wgcole01 [link] [comments]

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Bitcoin (BTC) appears to be bouncing off its summer slumber, say analysts who believe the asset could rebound in the coming months. Recent technical indications and charts suggest that BTC could be on the cusp of a significant price move. The cryptocurrency is geared for a bounce that could take the asset far beyond $92,000, despite recent losses. Related Reading: The Sandbox (SAND) Sets Sights On 1,111% Growth Amid Crypto Market Pressures Short-Term Projection Bitcoin’s immediate technical projection points to a possibly positive trend. Right now, Bitcoin is selling 39.27% below its projected price for next month, according to CoinCheckup. Still, an increase is seen in the coming week; short-term signs suggest a possible comeback. With forecasts of a 70.68% gain, this momentum might open the path for significant price rise over the next three months. These short-term signs could point to a buying opportunity before a bigger rise starts. Past Performance And Forecasts This price movement of Bitcoin coincides with trends that have been exhibited during past halving events. According to popular analyst Titan of Crypto, the current trend goes in line with most the previous trends, especially the post-halving periods that have been the source of various significant movements. #Bitcoin Rally Imminent? 🚀 In previous cycles, when the price retested the 50-week simple moving average 🔴, it bounced at least 40%. On average, the bounce was 71%. If #BTC rallies 71% from here, it could reach $92,000. pic.twitter.com/e3ghGxn3NS — Titan of Crypto (@Washigorira) September 13, 2024 Titan underlined on the weekly chart a significant support level retest on September 13th, which historically has resulted in average price gains of 71%. According to his analysis based on historical data, Bitcoin might soon surpass the $92,000 mark, therefore attaining a new record for the currency. For Bitcoin, it’s always been a challenging month because average returns come in at around -4.69%. But history would tell a different tale when the following months, especially October and November, go on to reflect considerable increases. In October, Bitcoin has normally delivered average gains of 22.9%; in November, 46.8%.This trend supports the present projection of a possible comeback, therefore strengthening the belief that Bitcoin might bounce back rather powerfully in the next months. Bitcoin Long-Term Outlook In the long-run, the prospect of Bitcoin remains very promising. It will almost certainly rise upward with an estimation of 102% for the next six months and a chance to rise within the year by 166%. This would show intense market confidence in the future of the virtual currency and might even let Bitcoin continue outperforming at its current low. Related Reading: FET: 30% Breakthrough Draws Investor Attention As New Developments Roll Out The ability of the cryptocurrency to recover the $60,000 level lately shows a good change in market attitude, which prepares the ground for the possible price gains. All things considered, historical patterns and present technical indications of Bitcoin point to a bright future. Although current losses and short-term difficulties create hazards, generally the pattern shows a big comeback and possible price surge. Bitcoin is a good asset for both present and future benefits since investors who negotiate the short-term volatility could be well-positioned to profit from the expected long-term development. The chances for a strong comeback for Bitcoin seem more feasible as the market steadies and momentum gathers. Featured image from Pexels, chart from TradingView

According to Cyvers, Delta Prime, the decentralized finance (defi) platform, lost just over $5.9 million after a hacker took control of a private key on Sept. 16. Detailing the incident, Meir Dolev, the CTO of Cyvers, said the hacker initiated the attack by taking control of a wallet that is the admin of Delta Prime […]

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PRESS RELEASE. LAS VEGAS, September 16, 2024 – D3 Global, a next-generation internet infrastructure company developing the first authoritative domain network, today announced an exclusive partnership with Own The Doge, the community that collectively owns the Doge NFT, to apply for and obtain the .doge Top-Level Domain (TLD). This partnership will enable the Doge community […]

Ethereum is currently priced at $2,300 as of Sept. 16, 2024, fluctuating between $2,261 and $2,416 over the past day. With a market cap of $277 billion and a trading volume hitting $15.46 billion in the last 24 hours, ether is giving traders a mix of signals. Technical charts present a predominantly bearish outlook, but […]

Binance will start sending tokens on Sept. 16, while KuCoin will start delivering their token donations on Sept. 18.

Glassnode co-founders Jan Happel and Yann Allemann recently indicated that a Bitcoin crash to $37,000 would be a good thing. They also explained why they wouldn’t be sad about such a massive price decline for the flagship crypto.  Bitcoin Dropping To $37,000 Would Be A Steal Happel and Allemann mentioned in an X (formerly Twitter) post on their shared account that a Bitcoin price drop to $37,000 would be a steal. They added that they won’t be “mad” about the price crash because it would give them an opportunity to buy more BTC at such low levels. The Glassnode co-founders won’t hesitate to buy the dip as they are confident about Bitcoin reaching a new all-time high (ATH) in this market cycle.  Related Reading: ‘Super Guppy’ Indicator Shows XRP Is Ready For A Surge To $99 In an earlier X post, they stated that Bitcoin’s next run-up to $70,000 will likely see it break its current ATH of $73,000, reached in March earlier this year. Happel and Allemann added that BTC’s parabolic rally would be driven by a “strong altcoin undercurrent,” predicting that the altcoin season could occur soon enough.  The Glassnode co-founders could get their wish of Bitcoin dropping to $37,000 before hitting a new ATH as crypto Zoran Kole recently predicted an imminent price crash for the flagship crypto. Kole mentioned in an X post that he believes that the low $40,000 range is coming next for Bitcoin.  The analyst further highlighted a “very clear” Head-and-Shoulders pattern developing on Bitcoin’s chart, which showed that the flagship crypto could drop to as low as $36,000. He added that this bearish pattern “coincides with a yearly open retest with a strong case for a bounce right below the current yearly low of $38,500.” Kole revealed that breaking the weekly bearish market structure could invalidate this trade setup. That means Bitcoin needs to rise above $65,000 to confirm a bullish reversal. Crypto analyst Jelle also suggested that $65,000 is the level Bitcoin needs to break above to enjoy a parabolic rally to a new ATH.  BTC Breakout To Happen In Next “Few Weeks” Crypto analyst Rekt Capital has offered a more bullish outlook for Bitcoin, stating that history suggests the BTC breakout could happen in the next few weeks. He also revealed that Bitcoin is close to reclaiming the reaccumulation range and resynchronizing with post-halving price tendencies. This could lead to the parabolic uptrend, which the analyst had previously mentioned is the next stage of the halving cycle.  Related Reading: Analysts Kick Against Cardano Recovery, Says ADA Price Is Destined For 33% Crash In another X post, Rekt Capital indicated that it was important for Bitcoin to close this month above the quarterly level at $58,800. He stated that a close above this price level would fully confirm Bitcoin’s successful retest of this price range as support.  At the time of writing, Bitcoin is trading at around $58,400, down over 2% in the last 24 hours, according to data from CoinMarketCap.   Featured image created with Dall.E, chart from Tradingview.com