Author: Sollcrypto

The 2024 United States Bitcoin (BTC) Conference, scheduled for July 25 to July 27, is garnering attention for its potential impact on the broader crypto sector. This year’s event is particularly notable following the approval of the first Bitcoin exchange-traded funds (ETFs) in the US. Another highly anticipated segment is the address by presidential candidate Donald Trump. In anticipation of the event, Finbold consulted OpenAI’s latest AI tool, ChatGPT-4o, to forecast possible scenarios for Bitcoin’s price trajectory post-conference. BTC’s reaction to the Bitcoin Conference According to ChatGPT-4o, if the conference generates overwhelmingly positive sentiment, particularly with bullish endorsements from influential…

A crypto analyst has indicated that investors should brace for a potential Bitcoin (BTC) rally towards the end of the year despite the prevailing bearish sentiment. Specifically, the analyst known as Stockmoney Lizards highlighted in a July 13 X post that technical analysis points to a bullish outlook for Bitcoin. The prediction hinges on Bitcoin’s interactions with the lower border of the weekly Bollinger Band, a tool traders frequently use to identify overbought and oversold conditions. According to Stockmoney Lizards, Bitcoin has touched the lower border of the weekly Bollinger Band three times since November 2022. Historical data from the…

In a few weeks, the Summer Olympics 2024 will begin in Paris, and to celebrate the event, digital pin NFTs of the mascot have been launched on Base. The announcement came directly from nWay, a division of Animoca Brands that focuses on Web3. 🎉 They’re here, and ready to cheer on the athletes! Own a piece of the Olympic Games with our Paris 2024 Mascot NFT digital pins. Head over to our blog for more details ➡️ https://t.co/2jd5RL5IGA Paris2024 #Olympics #Paris2024Mascot pic.twitter.com/sTV7aajSVY — nWay (@nWayGames) July 9, 2024 The launch is part of My Olympic™ Rewards and Coinbase’s Onchain Summer…

Dormant Bitcoin (BTC) Address Springs Back to Life After 10,400% Gain After 10.6 years of dormancy, another Bitcoin (BTC) address has reemerged in the ecosystem. According to Whale Alert, the Bitcoin address contained 149 BTC, valued at $8,590,673 at the time of reactivation. Right Time for a Comeback Many Bitcoin wallets have resurfaced over the past few months. While each of these wallets has unique reasons for returning from dormancy, the substantial gains accrued over time are a major catalyst for this revival. This latest return boasts an impressive 10,400% gain. When the wallet received the 149 BTC it held…

Key Points: ETH Futures Skyrocket to 3.1M, Hinting at Ethereum ETF Approval! Despite the recent price correction, ETH futures long positions have surged from 2.7 million ETH to 3.1 million ETH since the market recovered on May 20. This indicates that futures traders are highly optimistic about the potential approval of an Ethereum ETF in the near future. #Matrixport 📈Today-Jul 🔟: Are #ETH Futures Trades Long Positioned?#ETHETF #cryptocurrency #Crypto #CryptoFinance The surge in ETH futures longs reflects a strong belief among traders that regulatory approval for an ETF centered on Ethereum is imminent, despite the spot price of ETH not…

Bitcoin Regains $57K Amid Market Shift Towards Fed Policies Bitcoin reversed a 4% loss to regain the $57,000 mark, with Ether surpassing $3,000. The market is now shifting its focus from Mt. Gox repayments to U.S. Federal Reserve policies, with traders eyeing upcoming economic data releases and Fed Chair Jerome Powell’s testimony later this week. In the European morning hours on Monday, Bitcoin bounced back from a 4% loss during the Asian trading session, reaching $57,000. Meanwhile, Ether climbed back over $3,000 after dipping below this level on Friday. Cardano (ADA) led gains with a 3.3% rise over the past…

Dogecoin’s Rise: From Meme to Major Digital Currency Dogecoin has evolved into a serious digital currency with a loyal community and diverse use cases. Its appeal lies in its simplicity for everyday transactions, boasting low fees and quick transaction times. Popular online platforms, celebrity endorsements, and community-driven initiatives have significantly propelled Dogecoin’s adoption. Dogecoin has become a practical means of exchange among everyday consumers, capturing the imagination of tech-savvy millennials and seasoned investors seeking alternatives to traditional currencies. Unlike many crypto projects that chase gains, Dogecoin’s primary purpose is to serve as a simple means of exchange for everyday people.…

Ethereum’s Bearish Trend Deepens Amid Market Turbulence Ethereum’s price has plunged over 15%, falling below the crucial $3,000 range and signaling a bearish trend. This decline was exacerbated when a major whale sold 26,600 ETH, worth over $82.5 million, to repay debt on Aave. This sale initially caused a sharp 3% drop in ETH’s value. However, the whale later re-entered the market at a lower price point, borrowing significant funds to take advantage of the dip. Amid the recent market turmoil, Ethereum has struggled to regain its footing after the significant drop below key support levels. The broader market downturn,…

Cardano (ADA) Sees Significant Activity and Price Decline During the intraday trading session on July 4, Cardano’s (ADA) Age Consumed metric surged to a 35-day high, indicating that previously dormant tokens are now being actively traded. This activity suggests that long-term holders are starting to move their assets. Following this spike, the price of ADA experienced a decline, indicating that a local top had been reached. On July 4, a notable 1.32 billion ADA tokens, valued at approximately $433 million at current market prices, were transferred, as reflected by the increase in the Age Consumed metric. Understanding Cardano’s (ADA) Age…

Solana Meme Coins Outperform Ethereum by 800% YTD, Q1 Reports Reveal According to Q1 reports, Solana-based meme coins have outperformed their Ethereum-based counterparts by an astonishing 800% year-to-date (YTD). Surge in Meme Coin Popularity The CoinMarketCap 2024 H1 report highlighted meme coins as the most popular asset class, capturing a 22% market share. Over the past eight months, the Solana (SOL) ecosystem has topped the charts, followed by Ethereum (ETH) and artificial intelligence (AI) tokens. Solana Leads the Meme Coin Rally In the midst of the meme coin rally, the Solana ecosystem holds a 9.64% market share. Solana-based meme coins…