Author: Sollcrypto
Satoshi-Era Bitcoin Whale Transfers Nearly $14 Million Worth of BTC According to data from cryptocurrency analytics platform Lookonchain, a miner wallet has been activated for the first time in 11 years, transferring $13.95 million worth of Bitcoin. The miner earned 250 BTC from mining back in 2010. At that time, users could mine Bitcoin using ordinary CPUs, and mining was the primary method of obtaining the cryptocurrency. The first Bitcoin exchange, Bitcoin Market, was launched in February 2010. Significant milestones in Bitcoin mining history include: Today, cryptocurrency mining is a large industry controlled by companies with substantial resources. Bitcoin’s market…
Ethereum Price Aims Higher Ground: What’s Next for ETH? Ethereum has initiated a recovery wave, surpassing the $2,350 and $2,420 resistance levels. Although ETH remains below $2,640 and the 100-hour Simple Moving Average, it shows potential for bullish momentum if it can break through the $2,680 resistance zone. Key Points: Detailed Analysis After a sharp decline below $2,000, Ethereum’s price has shown signs of recovery, moving past the $2,200 and $2,250 resistance levels, similar to Bitcoin’s rise above $65,000. Currently, Ethereum is trading below $2,650 and the 100-hour Simple Moving Average. On the upside, it faces resistance around the $2,540…
Bitcoin Briefly Tests $49k Before Rebounding to $51k Amid $270 Billion Crypto Market Selloff Concerns over a potential US recession and Japan’s rate hike have triggered market turmoil. Additionally, the FBI has issued warnings about rising crypto scams during this period of increased market volatility. The cryptocurrency market experienced a significant downturn today, shedding approximately $270 billion in value over 24 hours, according to CoinGecko data. Leading this decline, Bitcoin plummeted by almost 20%, reaching $49,121, its lowest level since February, when it was at $53,091. Ether Plummets 21% to $2,300, Erasing Yearly Gains; Binance’s BNB and Solana Also See…
Solana (SOL) is currently experiencing a significant decline, dropping over 17% and reaching the critical $118 support level. This sharp downturn has put considerable pressure on this key level, raising concerns among traders and investors about the possibility of a further breakdown. Historically, the $118 level has been a stronghold for the cryptocurrency, but with the current bearish sentiment in the market, its ability to hold remains uncertain. Using key technical indicators, this article will provide an in-depth analysis of Solana’s current price actions, assess the likelihood of breaking the $118 support, and explore potential scenarios for SOL. As of…
Bitcoin price drops over 4% on Friday amid increased market selling pressure. BTC fell from $65,000 to $60,000 as the bankrupt crypto firm Genesis completed its restructuring. Genesis Completes $4 Billion Distribution Digital assets lender Genesis Global and its companies have finished their bankruptcy reorganization, distributing about $4 billion in crypto and cash to creditors, including Ether (ETH) and Solana (SOL) creditors. Genesis announced that it has started repaying creditors, with Bitcoin creditors receiving 51.28% recoveries based on in-kind value, Ether creditors getting 65.87%, Solana creditors 29.58%, and altcoin creditors an average of 87.65%. US dollar and stablecoin creditors will…
In the volatile cryptocurrency market, XRP is no exception. Recent movements in the XRP price have captured the attention of investors and analysts alike. This article will explore the current trends, provide an XRP price prediction, and examine the key factors influencing XRP’s market performance, offering a comprehensive overview of what to expect for XRP’s price this August. XRP Price Analysis: Technical Analysis and Key Support Levels Currently, the XRP price is at a critical juncture. Key support levels must hold to sustain the positive momentum seen in July. Priced at $0.5739, the first major support level is at $0.5650.…
Bitcoin, the leading cryptocurrency, dropped sharply last night to $62,300. While analysts indicated that the downward trend in Bitcoin may continue, all eyes on BTC and altcoins today are turned to the economic data coming from the USA. The data announced on the first Friday of each month is closely monitored by investors and stakeholders to understand the state of the economy. The disclosed data is as follows: Bitcoin’s reaction to the incoming data was as follows: Effect of Non-Farm Employment and Unemployment Data on Price! Non-farm employment data exceeding expectations is considered a signal of economic recovery in that…
Dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a staggering 625% surge in large holder inflows, signaling a wave of bullish sentiment among major players, or whales. Data from IntoTheBlock reveals that Shiba Inu has witnessed this remarkable 625% increase in large holder inflows within the last seven days. Large Holders Inflow tracks the funds entering whale-owned addresses and may indicate significant buying activity. This could be because many of these addresses purchase on centralized exchanges and then transfer their holdings to cold storage. Article Image A surge in large holder inflows can also indicate price bottoms, as these addresses often…
SEC Approves First Crypto Spot ETFs for Bitcoin and Ethereum in 2024 In 2024, the United States Securities and Exchange Commission (SEC) approved the first crypto-related spot exchange-traded funds (ETFs) targeting Bitcoin (BTC) and Ethereum (ETH). Bitcoin, as the flagship crypto ETF, has shown significant performance throughout the year, influencing the broader market. Conversely, the newly approved Ethereum ETF is still finding its footing in the market. With these two major products available, investors might be torn regarding which ETF to consider. Finbold consulted OpenAI’s ChatGPT-4 to gather insights on which crypto ETF is worth investing in for 2024. Bitcoin…
Although some assets in the cryptocurrency market are slowing down, Solana (SOL) appears to be on an optimistic trajectory. It has been recording gains across multiple time frames and might continue to rise in the coming weeks, potentially reaching $600. Specifically, Solana has broken out from a re-accumulation structure and seems poised to push higher. According to the analysis shared by pseudonymous crypto trading expert Jelle in a post on X (formerly Twitter) on July 31, Solana is likely to enter a “mania-like stage” and scale aggressively. Regarding Solana’s price prediction for 2024, the analyst explained that once Solana breaks…