Category: Cryptocurrency News

I came across this image that I found very interesting. It is a comment from 2010 which appears to have been posted on the Bitcoin forum of a person who felt like they missed the boat getting into Bitcoin early and was worried that they only held 600 BTC . It just goes to show…
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The XRP price has experienced a lot of volatility in the first two weeks of October, in contrast with previous months. This trend will continue as a critical metric hint at a potential “short squeeze,” a price move set to take liquidity from long or short positions. Related Reading: XRP Price Retest: A Prelude To A Stunning Surge To $2, Predicts Expert As of this writing, the XRP price trades at $0.48 with a 2% loss in the last 24 hours. The cryptocurrency recorded a 9% loss in the previous seven days and operated as the worst performer in the top 10 by market cap, closely followed by Solana (SOL). XRP Price Sets Trajectory For Short Squeeze? The crypto market has been experiencing a spike in volatility since October. Following months of sideways movement by Bitcoin and Ethereum, the XRP price broke the trend and ignited new life into the nascent sector. The spike in volatility was recorded when the US Securities and Exchange Commission (SEC) lost its case against payment company Ripple. A US Judge favored the company and deemed the XRP token outside of securities laws in the country. This event propelled XRP to fresh yearly highs, but the cryptocurrency has been losing some steam. Uncertainty in the crypto market remains high, and any individual bull run seems likely to lose power, as demonstrated by XRP’s latest price action. However, the current status quo is fragile, and fresh data indicates an aggressive move is in the making. A pseudonym analyst shared the chart below, showing the spike in the Bitcoin Open Interest. The analyst claims that the metric stands at a critical point that often leads to sudden moves in the price of Bitcoin, XRP, and other cryptocurrencies. In the short term, this spike in volatility could lead the XRP back to critical support levels. However, the most likely scenario is that the Short Squeeze, the sudden spike in volatility, operates as a tool for prominent market participants to take liquidity off both sides, longs and shorts. Crypto Poised For Downside Price Action On higher timeframes, the crypto market and more prominent cryptocurrencies could become an obstacle to any upside on XRP. According to another analyst, the sector is gearing up for a significant move to the downside. The analyst bases this theory on the upcoming Bitcoin Halving. This event has a profound impact on all other cryptocurrencies, and right now, BTC is at a critical point in which historical data points to a deep retrace back to around $20,000. If BTC follows this trajectory, XRP could return to its pre-SEC victory levels. However, this downside price action might provide bulls with the “perfect” opportunity to accumulate before an overall bull run unleashes its force on the nascent sector. Related Reading: Legendary Investor Declares Now Is The Time To Buy Bitcoin: Here’s Why As News reported, historical data also points to a great performance for XRP in the year’s second half. The cryptocurrency enjoys a 30% return on investment (ROI) during this period. Cover image from Unsplash, chart from Tradingview

Finally, as we move forward on emerging technologies such as AI and decentralization, let us remember to remain optimistic and seize the opportunities that lie ahead of us.

io.net has built a decentralized physical infrastructure network that will source GPU computing power for AI and machine learning.

Cryptocurrency trading offers tremendous opportunities that simply aren’t found in other markets. The ability to realise life-changing wealth lies within reach thanks to Crypto’s legendary volatility. But seizing those profits takes more than just blind luck – you need the right trading tools and platform. Not all exchanges live up to the demands of active Crypto trading in today’s fast-paced digital asset markets. The ideal platform needs to provide far more than simple order execution. With new exchanges constantly flooding the scene, only the most innovative and trader-focused deliver an environment to truly thrive. This is where PrimeXBT’s Crypto Futures exchange shines. PrimeXBT packs the must-have features to trade Crypto successfully. Customisable workspaces, built-in charting, Copy Trading modules, and multi-asset support give you an edge across any market condition. PrimeXBT tears down barriers like high fees and minimums, but also offers up to 200:1 leverage to maximise profits. Whether you’re a total beginner or seasoned pro, PrimeXBT has resources to match your experience level. The platform grows with you as your Crypto trading skills progress.  Here are the top ten reasons PrimeXBT is the best-in-class choice for unlocking Crypto’s full profit potential. 1. Ever-expanding list of Crypto assets When Crypto Futures first debuted, it featured eight of the largest Crypto pairs including stalwarts like BTC/USD and ETH/USD. But PrimeXBT continually adds support for more Cryptocurrencies based on popularity, trends, and user requests. Now with up to 35+ pairs, traders have their pick of top altcoins like Cardano, Solana, Avalanche, and dozens more. Even meme coins like Dogecoin are available to tap into viral momentum. No matter which ways Crypto markets move, PrimeXBT likely has the assets you need to capitalise on both uptrends and downtrends. The team vets and lists new Cryptocurrencies rapidly, so traders always have the hottest options with enough volatility and liquidity to generate profits.  2. Ultra-low fees help profits stack up You don’t need an enormous bankroll to get started and thrive with PrimeXBT. One of the platform’s greatest strengths is making Crypto derivatives trading accessible and affordable for anyone. Trading fees are at an incredibly low 0.1% per trade, regardless of your account balance. To put this in perspective, fees at other major Crypto exchanges often start around 0.20% and only decrease for high-volume traders. There’s also no minimum deposit or account balance required with PrimeXBT. You can fund your account with any amount, even just a few dollars, to test the platform and make small trades cost-effectively as you learn. Low fees maximise your profit potential on every trade while low minimums help beginners get started the right way. 3. Adjustable leverage up to 200:1 Unlike other Crypto derivatives exchanges offering max leverage between 10:1 to 100:1, PrimeXBT allows you to customise leverage based on the specific Cryptocurrency asset. Conservative coins like BTC and ETH can use up to 200:1, while more volatile assets have 50:1 caps or lower. This prevents you from overextending yourself on riskier altcoins. The adjustable settings let you dial in your preferred risk/reward level on a trade-by-trade basis. Lower leverage provides greater safety, while higher leverage unlocks more profit potential from the same market moves. This allows beginners to minimise risk and maximise potential gains. 4. Fully customisable platform layout PrimeXBT packs an incredible amount of tools, charts, data modules and more into the trading interface without feeling cluttered. The dashboard employs a modular layout, allowing you to drag and drop elements anywhere on screen to create your ideal workspace. Play with multiple configurations to find the most efficient layout for your strategy and workflow. Frequently used tools like the versatile order book, pending orders, and multi-chart windows can be tailored to your needs. Configure the platform to give you the informational edge the markets demand, rather than settling for a rigid, one-size-fits-all layout. Customisation keeps everything you require front and centre. 5. Built-in charting and analysis tools Proper trading analysis and charting can make or break your P&L. PrimeXBT saves you major hassle by integrating charting from the industry leader TradingView directly into its platform UI. Rather than relying on two separate programs, you get TradingView’s real-time data, drawing tools, and indicators, seamlessly built into the PrimeXBT platform, for quick access. With essential charting available natively, you avoid missing profitable trading signals during market moves. Switch through various timeframes, add indicators like Moving Averages or Bollinger Bands, and spot patterns and trends faster, to find more trading opportunities no matter which Crypto you follow. Smooth, in-house charting gives you a distinct edge. 6. 24/7 multilingual customer support Trading never sleeps, and neither does PrimeXBT’s support team. Unlike other exchanges who offer little beyond frustrating bots and delayed email ticketing, PrimeXBT provides 24/7 human support in multiple languages. You’ll speak to a real person ready to assist you day or night, on weekends, holidays, and any other time you need help. This round-the-clock assistance also gives you peace of mind, allowing you to trade confidently anytime knowing an expert can answer questions or provide guidance. Quick and effective support is critical in volatile Crypto markets. PrimeXBT’s stellar team has your back whenever issues arise so you can trade with less stress. 7. Test drive Crypto Futures with Contests If you’re unsure about diving headfirst into real Crypto Futures trading, PrimeXBT lets you preview the platform and markets risk-free. The innovative Contests portal offers simulated trading competitions using demo accounts loaded with virtual funds. Compete to rack up hypothetical profits against fellow traders and win real Crypto prizes. Contests offer an ideal way to experience real market conditions and fine-tune strategies without real money fears. New traders can gain experience identifying trends, planning entries and exits, using indicators, and more, to become completely comfortable with PrimeXBT’s interface and tools. Contests help transform you into a confident trader. 8. Copy the profits of expert Strategy Providers Take the guesswork and effort out of active trading using PrimeXBT’s built-in Copy Trading module. The peer-to-peer Covesting community connects you to vetted Strategy Providers – experienced traders who publish their trading stats and performance data for transparency. Browse Providers’ profiles and track records to find profitable strategies matching your risk tolerance and goals. Click follow to essentially subscribe to your chosen Provider and automatically copy every one of their trades proportionally into your portfolio. It’s an easy way for beginners to leverage experts’ skills or for pros to diversify. 9. Award-winning mobile app keeps you connected PrimeXBT’s mobile apps for iOS and Android devices have earned awards for good reason – they provide a seamless trading experience on the go. The app’s interface is silky smooth, with fast loading times between tabs. You also get full account management functionality in the palm of your hand. Never miss sudden price swings or opportunities thanks to easy on-the-go order placement or modifications. The app’s convenience lets you manage portfolios anywhere, whether you’re away from your desk or travelling abroad. Smooth mobile trading is a must-have perk. 10. Diversify across more than just Crypto While PrimeXBT’s Crypto Futures exchange delivers an unparalleled trading environment focused on digital assets, the platform offers much more. Complement your Crypto portfolio by trading global Stock Indices, Commodities, Forex, and more, from a single account. Diversification protects you from Crypto-specific volatility. Long-term traders can hedge positions to minimise risk. While having additional assets gives you more ways to profit, so you’re not limited solely to volatile Cryptocurrencies. Only PrimeXBT combines Crypto and multi-asset trading for maximum flexibility. Conclusion PrimeXBT’s Crypto Futures platform stands out in a crowded field by offering far more than just an engine to buy and sell digital currencies. Every feature provides an advantage to active traders, from cutting-edge tools and customisable layouts, to a Copy Trading module and multi-asset support. Newcomers can enter the Crypto game for pennies on the dollar, while advanced traders get capabilities to push their skills further. Compared to traditional Crypto exchanges designed for passive holders, PrimeXBT’s cutting-edge functionality and trader focus make it the clear choice for anyone ready to dive into Crypto derivatives trading. The platform can grow with any trader’s experience level and market conditions. PrimeXBT breaks the mould by providing all the tools you’ll need not only survive, but thrive, in Cryptocurrency’s volatile Wild West.

18 million users of Coins.ph are expected to receive a faster, lower-cost and more accessible remittance option as a result of the new partnership with Circle.

Bitfinex hack victims from 2016 received iFinex shares as compensation, as the crypto exchange didn’t have enough cash to make users whole.

Since its third halving event was successfully completed in early August, the Litecoin price has fallen off the radar of crypto investors. This was mainly due to the price decline that LTC experienced after heavy profit-taking from investors who had invested leading up to the price surge triggered by the expectations around the halving. But it seems the tides are finally turning for the coin as one analyst predicts a more than 30% increase in price going forward. Litecoin Price Shooting For The Stars The current crypto market headwinds seem to be working in favor of the Litecoin price which one crypto analyst believes is gearing up for a run-up to $83. In the post, the pseudonymous analyst identified as P_S_trade points to the possibility of the crypto market continuing its growth trend. However, this would be null and void if the crypto market were to reverse back below $27,000. Related Reading: No Love For FTX: Ex-Girlfriend Delivers Scathing Testimony Against Sam Bankman-Fried For Litecoin, the analyst points out that the altcoin has usually been the first to start to see an upside in the crypto market. But this has not been the case, as previously mentioned since high levels of profit-taking have affected the LTC price. LTC chart shows runup to $84 | Source: TradingView.com Even from the current level, the analyst’s chart points toward a possible retracement from here back down to $55. However, once this is completed, the bounce-off from there shows LTC reaching as high as $77 before succumbing to another correction. This decline is also similar to the first instance where it falls to $55 in the fact that it signals another price surge. Following this second correction, the analyst puts the bottom somewhere around $67 before Litecoin continues its ascent once more. The top of this second rally then lands just above $84 on the chart. Although there is no official timeline, the range of trades mentioned by the analyst is the medium term, which could see this run out for a couple of months. LTC price holds shakily at $62 | Source: LTCUSD on Tradingview.com LTC Daily Transactions Continue To Decline While the analyst foresees Litecoin price to surge, other metrics could be pointing in the opposite direction. For one, the daily transaction numbers for the altcoin have been steadily on the decline since the halving event in August. Related Reading: Here’s Why The Ethereum Price Fell Toward $1,500 According to data from BitInfoCharts, the number of daily LTC transactions has fallen from over 584,000 in May to just shy of 104,000 transactions by Tuesday, October 10. This points to a lack of interest from investors usually brought on by bear market headwinds. Additionally, the daily transaction volumes, as shown by the token tracking website CoinMarketCap, show a 13.26% decline in the daily trading volume of Litecoin. These bearish metrics could thwart chances of reversal. However, they could also signal the bottom that triggers the start of another rally. Featured image from CoinMarketCap, chart from Tradingview.com

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