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Veteran Analyst Reveals Most Important Price Level for Bitcoin Based on Whales’ Buying Pattern
Veteran Analyst Reveals Most Important Price Level for Bitcoin Based on Whales’ Buying Pattern

Cryptocurrency analyst Ali Martinez shared the levels he considers important for Bitcoin (BTC) in his statement.

Bitcoinsistemi·2024/08/26 21:15
Stablecoin Market Cap Reaches All-Time High! Here Are the Details
Stablecoin Market Cap Reaches All-Time High! Here Are the Details

According to DefiLlama data, the stablecoin market value reached an all-time high, surpassing the record set at the beginning of 2022.

Bitcoinsistemi·2024/08/26 16:57
What's Happening in Ethereum? There's a Serious Drop in Transaction Volume! Analysts Explained Why!
What's Happening in Ethereum? There's a Serious Drop in Transaction Volume! Analysts Explained Why!

The seven-day moving average of the daily trading volume of the largest altcoin Ethereum (ETH) has fallen by 55% in the last 30 days.

Bitcoinsistemi·2024/08/26 16:57
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  • 00:24
    Analysis: Ethereum Forms Bullish Flag, Breakout Above $3600 Expected
    Odaily Planet Daily News: The Ethereum daily chart is forming a "bull flag" pattern, with prices consolidating in the range of $2400 to $2750, targeting resistance at $3000 to $3100. If it breaks through $2600, it may rise to $3600. Additionally, Ethereum is attempting to reclaim the midline of the 2-week Gaussian Channel. Historically, ETH has seen significant increases above this indicator, such as a 93% rise to $4000 in 2023 and a 1820% surge in 2020. Although there was a failure in August 2022, crypto trader Merlijn points out that the 50-day SMA and 200-day SMA have formed a "golden cross," which may further enhance ETH's breakout momentum. However, trader XO warns that if ETH fails to break through $2800 in the short term, it may enter a consolidation period lasting several weeks. Short-term support is around $2150 and $1900. (Cointelegraph)
  • 00:23
    A Whale Deposits $16 Million into Hyperliquid and Goes Long on Bitcoin with 40x Leverage
    According to ChainCatcher, monitored by OnchainLens, a cryptocurrency whale address deposited $16 million USDC into Hyperliquid and opened a Bitcoin long position with 40x leverage. Currently, the position is valued at over $117.69 million, with a floating profit of $100,000.  
  • 00:23
    Texas Passes Bitcoin Reserve Investment Bill, Awaiting Governor's Approval
    ChainCatcher reports that Texas has passed the "Texas Strategic Bitcoin Reserve and Investment Act," allowing the state to invest in Bitcoin (BTC). The bill has now passed its second reading and is awaiting the governor's approval to become law.  
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