Category: Cryptocurrency News

I staked my coins (32 eth) years ago, but now I need them back. I unstaked them on MEW site and it appears to have gone through. It's been over 24 hours, but metamask doesn't show the coins yet. submitted by /u/CheapBison1861 [link] [comments]

I first bought eth at $50 when I was at the bottom of my rope bc I read about it and heard vitalik. submitted by /u/zenejinzorin [link] [comments]

What has changed? I was so into crypto day trading, but I feel like i retired from it bc of stress and life. Can yall give me the highlights? submitted by /u/zenejinzorin [link] [comments]

On-chain data shows that a bullish combination has just formed for Bitcoin, which may signal that a rally could be ahead for the asset. Sharks & Whales Are Accumulating Both Bitcoin, Tether Right Now According to data from the on-chain analytics firm Santiment, both the sharks and whales of BTC and USDT have been accumulating recently. The metric of interest here is the “Supply Distribution,” which keeps track of the total amount of a given asset that the different holder groups carry. In the current topic, sharks and whales are the entities of interest. For Bitcoin, the combined supply of these assets may be defined as the 10 to 10,000 BTC range, while for Tether, it’s generally 100,000 to 10 million USDT. The sharks and whales are influential entities in the sector due to their holdings, but their role differs between whether they are holding the volatile BTC or the stablecoin USDT. Related Reading: Bitcoin Surge Above $27,000 May Not Last, Here’s Why The chart below shows how the supplies of the sharks and whales of the two cryptocurrencies have changed over the last few months: Both of these metrics appear to have registered an increase during the past few days | Source: Santiment on X The graph shows that the Bitcoin sharks and whales have participated in some accumulation recently, which has taken their supply to 13.03 million BTC, a new high for the year. Interestingly, while this accumulation has occurred, the sharks and whales of Tether have also expanded their holdings. The metric’s value, in this case, has reached a six-week high of 15.03 billion USDT. The significance of the trend in the supply of the BTC sharks and whales may seem straightforward: these humongous entities are buying right now, so that should be bullish for the price. But what about the pattern being shown by the USDT cohort? Generally, an investor may buy into a stablecoin like USDT to avoid the volatility of assets like Bitcoin. Once these holders feel that the prices are right to jump back into the volatile side of the sector, they exchange their fiat-tied tokens for their desired coin. This shift can naturally provide buying pressure on whatever cryptocurrency they are swapping into. Because of this reason, one way to look at the supply of a stablecoin is as a measure of the available potential buying power for Bitcoin and other assets in the market. Thus, the latest Tether accumulation would suggest that the sharks and whales have increased their buying capacity. Sometimes, spikes in this indicator come at the expense of the corresponding BTC metric, as these holders convert their reserves. While the buying power goes up for the future in such a scenario, it has only come at the expense of a BTC selloff. Related Reading: Research Firm Reveals Its “Altcoin Trading Playbook” In the current case, though, both of these indicators have trended up at the same time, which means that not only have the sharks and whales participated in some Bitcoin shopping, but the capital reserves that these large holders may deploy into the asset in the form of Tether have also gone up. “This is generally a bullish combination,” explains Santiment. BTC Price Bitcoin had earlier risen above the $27,000 level, but the asset has retreated in the past few hours as it is now trading around the $26,700 mark. BTC has already retraced some of its recovery | Source: BTCUSD on TradingView Featured image from Shutterstock.com, charts from TradingView.com, Santiment.net

I think nowadays there does not go one single month without the news of MicroStrategy buying some more Bitcoin and increasing their holdings to even more absurd numbers, to some numbers where I believe no big company will be able to catch up to anymore. But MicroStrategy has not always been the smartest in buying…
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Crypto bulls are attempting a comeback. Here are the altcoins that traders are keeping an eye on.

Bloomberg analyst Eric Balchunas speculated the SEC may have applied pressure on Valkyrie to halt purchases of ETH futures contracts until the ETF was officially approved.

submitted by /u/Aakarsh_K [link] [comments]

Bitcoin has recovered over the last day after gaining momentum from the Valkyrie Ethereum ETF news and pulling up the likes of the MATIC price. This has led to a rare green day for the cryptocurrency market in as many months but MATIC may not be able to hold as well as other altcoins as whales make their move. Whales Move Tens Of Millions To Exchanges The first notable whale transaction involving MATIC was flagged by Lookonchain on Wednesday. The transaction was carrying 10.78 million tokens at the time worth around $5.5 million. Related Reading: IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600? Mostly, it was the destination of these tokens that was important which turned out to be the Binance crypto exchange. The whale looked to have deposited the tokens to sell them as the MATIC price had taken a quick 3% dive following the deposit. A whale deposited a total of 10.78M $MATIC ($5.5M) into #Binance in the past 26 hours and the price of $MATIC decreased by 3%. The whale currently has 2.72M $MATIC($1.37M) left.https://t.co/C4VNQ1QDq9 pic.twitter.com/8JcoySfsRP — Lookonchain (@lookonchain) September 27, 2023 MATIC would later recover and move into the green, a price increase that seemed to have prompted more whales to take advantage of the situation. Over the course of the day, whale transaction tracker Whale Alert would report multiple whale transactions all carrying millions of dollars worth of the token toward exchanges. The next large transaction was one carrying 11,000,888 tokens worth $5.7 million to the Binance exchange. Another transaction followed shortly carrying the exact number of MATIC tokens also headed for the Binance exchange. Within the same hour, the whale tracker also reported 15,826,267 million MATIC being shifted once again to Binance. This transition was carrying approximately $8.2 million worth of tokens. This pointed toward whales looking to dump large portions of holdings. 🚨 15,826,267 #MATIC (8,199,632 USD) transferred from unknown wallet to #Binancehttps://t.co/fgGpVb7id0 — Whale Alert (@whale_alert) September 28, 2023 MATIC price resting at $0.52 | Source: MATICUSD on Tradingview.com MATIC Price Could Suffer Drawdown The massive amounts of tokens being shifted toward centralized exchanges could mean that the whales are beginning to offload some of their holdings to avoid further losses. In this case, it is not farfetched to say that the altcoin’s rally over the last day might be a brief one. Such a fall could easily see the MATIC price fall back to $0.51 as bears retest the support at $0.5. Related Reading: Analyst Presents 4 Charts That Prove Crypto Is Not Dead However, all hope is not lost for the MATIC price as the coin still holds some bullishness. As one TradingView analyst points out, if the altcoin is able to break out from its current descending triangle, then the price could rally over 50%. MATIC could see an upside to $0.9 | Source: Tradingview.com The analyst puts the first target of this rally at the $0.9 level as well, which is an almost 100% price increase from here. But MATIC will continue to face opposition from bears, making it a tricky situation. At the time of writing, the MATIC price is resting above $0.5232, enjoying 3.06% gains in the last day. Featured image from Cryptopolitan, chart from Tradingview.com