Author: Ethan Carter
Ethan is a seasoned cryptocurrency writer with extensive experience contributing to leading U.S.-based blockchain and fintech publications. His work blends in-depth market analysis with accessible explanations, making complex crypto topics understandable for a broad audience. Over the years, he has covered Bitcoin, Ethereum, DeFi, NFTs, and emerging blockchain trends, always with a focus on accuracy and insight. Ethan's articles have appeared on major crypto portals, where his expertise in market trends and investment strategies has earned him a loyal readership.
Bitcoin’s BTC$109.627,70 surge has slowed down since June, resulting in prices remaining mostly stable above $100,000. This scenario has strengthened the perspective of some analysts who adhere to the traditional four-year bitcoin cycle, cautioning that a challenging bear market could be ahead. Nevertheless, a long-term indicator presents a glimmer of optimism for bullish investors – the 200-week simple moving average (SMA), currently estimated around $54,750, which is still considerably below BTC’s 2021 peak of approximately $70,000, as per TradingView data. You may be curious about the significance of this. It’s crucial because previous bull markets have often concluded when the…
Prominent financial services firm Western Union has applied for a trademark that encompasses various cryptocurrency services, just a day after announcing plans to introduce a stablecoin system on Solana early next year.Western Union Holdings, Inc. submitted a trademark application for “WUUSD” to the US Patent and Trademark Office on Wednesday, targeting a diverse range of crypto services associated with stablecoins. The submission has been accepted by the agency but has not yet been allocated to an examiner.The application specifies that the WUUSD trademark may be utilized for a crypto wallet, crypto trading, and stablecoin payment processing, among other options.On an…
Key takeaways:Ether is stabilizing around $4,000, with weak ETF flows and low demand for futures indicating a lack of bullish sentiment.A decrease in Ethereum network fees and activity points to reduced on-chain demand.Analysts caution that a failure to reclaim the $4,000 support could lead to a decline to $3,500.For the last two weeks, Ether (ETH) has been hovering near $4,000, a phase of consolidation following a rapid drop below $3,500 on October 11.Traders are now evaluating the potential for bullish momentum after the US Federal Reserve’s announcement of a 0.25% interest rate reduction and the conclusion of quantitative tightening.ETH/USD four-hour…
XRP fell below the $2.50 support level during Tuesday’s trading session, dropping 5% to $2.47 as institutional selling intensified across major exchanges. This dip confirmed a significant shift in market structure after weeks of tight consolidation, with volume and chart patterns suggesting a shift towards a more pronounced corrective phase.News BackgroundIn the 24-hour session, prices plummeted from $2.60 to $2.47, representing one of the steepest single-day declines this month.The breach of the $2.50 psychological support triggered substantial algorithmic and institutional selling, resulting in trading activity of 169 million tokens, a 158% increase from the 24-hour average.XRP’s weaker performance contrasts with…
Dogecoin has dipped below the critical support level of $0.1940 during Tuesday’s trading session, falling 5.5% to $0.1843 as institutional selling dominated the market. This decline was accompanied by a sharp 180% surge in trading volume, indicating renewed selling pressure across the meme coin sector amid a risk-averse sentiment in the broader cryptocurrency market.News BackgroundDOGE decreased from $0.1951 to $0.1843, marking one of its most significant daily declines this month. This movement occurred within a trading range of $0.0174, corresponding to an intraday volatility of 9.4%, as market participants exited leveraged positions following multiple rejections at resistance levels.Trading activity surged…
US Treasury Secretary Scott Bessent announced on Thursday the suspension of restrictions aimed at limiting access for Chinese companies to US technology deemed sensitive.The lifted restrictions were part of an agreement where China would halt its export controls on rare earth minerals critical for electronics and military defense, as reported by Reuters.Bessent’s remarks follow several weeks of diminishing trade tensions between the two nations, typically a positive sign for cryptocurrency prices.Nevertheless, the recent Federal Open Market Committee (FOMC) meeting and Federal Reserve Chair Jerome Powell’s statements, noting the “strongly differing views” among FOMC members regarding a potential December interest rate…
Nordea, the largest bank in Scandinavia, has changed its position on cryptocurrency amid increasing adoption and clearer regulations, announcing that starting in December, customers will have access to an external Bitcoin-linked exchange-traded product (ETP).The Bitcoin ETP, created by digital asset investment firm CoinShares, is underpinned by Bitcoin (BTC), as Nordea revealed on Thursday.This ETP will be available as an “execution-only offering,” meaning that while customers can purchase it, Nordea will not provide any advisory services related to it,” the bank stated.With over $286 billion in assets under management, according to its half-year results released in July, Nordea boasts an estimated…
Hedera (HBAR) has achieved a remarkable 26% gain over the past week, boosting optimism among traders and investors. This sudden increase has enhanced market sentiment and energized portfolios that include the altcoin.Nevertheless, on-chain data and technical indicators suggest the rally may not be as genuine as it seems, casting doubt on its sustainability in the near future.Hedera Investors Need To Step UpThe weighted sentiment for HBAR has sharply increased in recent days, indicating growing investor confidence. This rise in positive sentiment aligns with the launch of Canary Capital’s spot HBAR exchange-traded fund (ETF), which commenced trading earlier this week.Sponsored SponsoredThe…
Riot Platforms has reaffirmed that its strategy has shifted towards “maximizing the value of our megawatts” instead of solely focusing on Bitcoin mining, despite achieving record revenues in Q3 fueled by a surge in Bitcoin production.During a conference call after the release of the firm’s Q3 results on Wednesday, Riot Platform’s vice president of investor relations, Josh Kane, emphasized that while the company is pleased with its Bitcoin mining efforts, the primary goal now is “monetizing megawatts.”“As our strategy has progressed, so has our perspective on our Bitcoin mining business. We no longer view Bitcoin mining operations as the ultimate…
Token sale events for the privacy protocol zkPass, decentralized exchange Momentum, and Ethereum layer-2 network MegaETH have seen significant demand this week, as retail investors rush to participate in these budding crypto projects.The zkPass protocol initiated the sale of its utility ZKP token on Monday and exceeded its $2 million goal within minutes. With three days remaining, it has garnered over $67 million in allocation requests.zkPass positions itself as a decentralized oracle protocol that converts private data stored on websites into verifiable proofs onchain or in Web3 applications, without revealing the raw data.Source: Crazydrops The token serves as a utility token…