[ad_1] A widely followed crypto analyst believes Bitcoin may be repeating a 2019 market structure that saw BTC consolidating for many months before launching a parabolic surge. In a new video update, crypto strategist Jason Pizzino tells his 323,000 YouTube subscribers that Bitcoin’s run to new all-time highs is reminiscent of its 2019 price action, when Bitcoin rose by about 4X before taking a breather for six months. According to Pizzino, Bitcoin’s big move from about $25,000 to $74,000 in a few months is comparable to the 2019 fakeout rally,…
Read MoreOKX launches public mainnet for its ZK-powered L2 network “X Layer” – CoinJournal
[ad_1] X Layer is a zero knowledge (ZK), EVM-compatible Layer-2 network. The Polygon CDK powered L2 is live and integrates with over 200 dApps across DeFi, wallets, NFTs and gaming among others. OKX, one of the world’s largest crypto exchange companies, has launched the public mainnet of its EVM-compatible Layer 2 network “X Layer” is now live. Haider Rafique, the chief marketing officer at OKX, announced the launch in a blog post on Tuesday. According to the OKX official, the Polygon Chain Development Kit (CDK)-powered L2 integrates with over 200…
Read MorePro-XRP John Deaton’s Senate Campaign Boosted by Ripple Execs, Winklevoss Twins and Anthony Scaramucci: Report
[ad_1] John Deaton’s Massachusetts Senate campaign is reportedly pulling in donations from high-profile members of the crypto community. The attorney and vocal XRP supporter is running in the Republican primary which will determine who gets to challenge incumbent Senator Elizabeth Warren, a Democrat and one of the most outspoken political critics of the digital asset sector. Deaton received maximum-level $6,600 individual campaign contributions from Ripple executives Brad Garlinghouse and Chris Larsen, according to a new report from Politico. SkyBridge Capital founder Anthony Scaramucci also reportedly donated the maximum amount, as did…
Read MoreMonday’s Market Action Sees $36.7 Million Outflow From US Spot Bitcoin ETFs – Bitcoin News
[ad_1] On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25 million. Blackrock’s IBIT and Fidelity’s FBTC Lead in Bitcoin Accumulation as GBTC Sells Off Since the trading […] [ad_2] Source link
Read MoreInvestors in Three Central European Countries Show Optimism and Confidence in Crypto, According to KPMG Study – The Daily Hodl
[ad_1] Crypto investors in Germany, Austria and Switzerland are devoting large portions of their overall portfolios to digital assets, according to a new study conducted by Big Four accounting firm KPMG. KPMG partnered with the German-language crypto media platform BTC-ECHO to poll 2,400 private digital asset investors across those three European countries, which are collectively known as the DACH region. The study says that, on average, the respondents have allocated more than 25% of total assets to crypto. More than half (54%) say they’ve invested at least 20% of their…
Read MoreUniswap (UNI) dips 15% on SEC concerns: whales pivot to LUNA and NUGX for growth – CoinJournal
[ad_1] Uniswap’s 15% price drop after the SEC’s Wells Notice led major holders to seek more promising alternatives. Terra Luna excels with dynamic stablecoin options and instant settlement. NuggetRush’s no-tax model, governance perks, and play-to-earn game lure whales. As the SEC announced a Wells Notice in April, Uniswap (UNI) price saw a significant 15% decrease, leading to a $5.6 billion reduction in market capitalization. This unfavorable event prompted influential investors, or “whales,” to shift their focus towards NuggetRush (NUGX) and Terra Luna (LUNA), seeking promising growth prospects for their portfolios.…
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