Author: Sollcrypto

“Bitcoin recently hit a monthly low of $56,567.10, dropping over 6.2% in the past 24 hours. If this trend continues, prices could fall further. Recent reports indicate that short-term Bitcoin investors are rapidly exiting the market, raising concerns about a potential loss of confidence. However, experts suggest otherwise. A Realized Cap-HODL Waves chart shared by Binhdangg on X provides a different perspective. Let’s explore this in more detail. Bitcoin Long-Term Holders: Insights from the ChartThe chart reveals that long-term Bitcoin holders are not selling their assets, indicating they find holding more advantageous than selling. Could Bitcoin be in a holding…

“According to data from CoinGlass, the last 24 hours have been brutal for traders betting against Dogecoin (DOGE). Short positions on the popular meme cryptocurrency faced a significant blow, with total liquidations amounting to $842,560. While this figure might seem modest in the broader crypto market, it stands out sharply when compared to the long positions. During the same period, long position liquidations on DOGE totaled just $91,640.” “This creates a staggering 925% liquidation imbalance between bulls and bears. Reasons Behind the ImbalanceHow did this happen? The answer lies in Dogecoin’s price action. From September 2nd to 3rd, the meme…

“Publicly listed companies are increasingly incorporating Bitcoin into their treasuries, with industry leaders like MicroStrategy and Tesla spearheading this movement as a hedge against economic instability.Over the years, cryptocurrencies, particularly Bitcoin, have evolved into a significant asset class, attracting not only individual investors but also institutions. Public companies, in particular, are leveraging Bitcoin to diversify their treasury holdings, signaling growing confidence in the cryptocurrency’s long-term potential as a reserve asset.Currently, more than a dozen publicly traded companies have allocated part of their treasury to Bitcoin, collectively holding substantial amounts. These companies span a wide range of industries, from technology and…

Bitcoin (BTC) could drop to the mid-$40,000 range in September following potential interest rate cuts in the U.S., according to Bitfinex analysts.In the 2019 rate-cutting cycle, Bitcoin fell 50% after the Federal Reserve lowered interest rates. However, analysts noted that current conditions are different as Bitcoin has undergone two halving events and the global economy is not contending with a pandemic.“Applying a similar logic to today, we could expect a 15-20% decline from Bitcoin’s price at the time of a rate cut,” they stated. If BTC is around $60,000 before the cuts, the potential bottom would be between the low…

The original meme coin, Dogecoin (DOGE), has faced a 17.13% decline over the past 30 days, bringing its current price to $0.097. However, things could soon turn around for the popular cryptocurrency as technical analysis (TA) from prominent digital assets expert Ali Martinez suggests an upcoming rally for Dogecoin.On September 2, Martinez highlighted in a post on X that DOGE is displaying a bullish divergence against the relative strength index (RSI), a momentum indicator that measures the magnitude of recent price movements. Additionally, the TD Sequential indicator is signaling a buy opportunity, pointing to potential upward momentum for DOGE. Similarly,…

Bitcoin has been trading within a tight range of $58,000 to $65,000, reflecting cautious market sentiment despite recent macroeconomic events. The upcoming Non-Farm Payroll (NFP) report could significantly impact market dynamics, potentially bolstering arguments for a U.S. interest rate cut in the fourth quarter. A breakout above $65,000 or a fall below $58,000 would signal the next major directional move for Bitcoin’s price.While broader cryptocurrency markets await key catalysts, Bitcoin’s stability within this narrow band underscores the cautious approach of investors and traders amid mixed economic signals. According to QCP, recent macro news has had little effect on the crypto…

ETH is currently valued at $2,560.80, reflecting a modest 1.27% increase, but it faces significant resistance levels. The Relative Strength Index (RSI) stands at 42.62, indicating that sellers are still dominant, with a neutral to bearish sentiment. Meanwhile, the Moving Average Convergence Divergence (MACD) is near bearish territory, suggesting the potential for further declines if resistance levels hold.Ethereum’s market cap is approximately $308 billion, representing 14.6% of the total crypto market share. Despite a substantial 26.20% decrease in intra-day trading volume to $16.27 billion, ETH maintains a volume-to-market cap ratio of 5.28%. Over the last 24 hours, Ethereum’s price showed…

Stacks, a Layer 2 blockchain built to enhance Bitcoin, has launched the Nakamoto upgrade to boost transaction speeds. Named after Bitcoin’s pseudonymous creator, Satoshi Nakamoto, this upgrade separates Stacks’ block production from Bitcoin’s schedule. It introduces a new block production method using the Proof-of-Transfer (PoX) consensus mechanism, where users burn Bitcoin (BTC) to generate Stacks blocks and earn rewards. The rollout of this system began in April, with block “signers” verifying “tenures” of transactions.With this upgrade, Stacks aims to increase its utility by enabling smart contracts and decentralized finance (DeFi) features on top of Bitcoin. Stacks has also released sBTC,…

A calm Tuesday summer evening in the U.S. took a sharp turn when Bitcoin (BTC) suddenly plunged nearly 6% in a matter of minutes. This drop wiped out the significant gains from late last week, which had been fueled by a dovish shift from Federal Reserve Chair Jerome Powell and the alliance of pro-crypto presidential candidates Donald Trump and RFK Jr. After briefly dipping to $58,200, Bitcoin rebounded to above $60,100 during early U.S. trading on Friday, but those gains have mostly disappeared as the noon hour approaches. Now trading at $58,800, Bitcoin is down 4.5% over the past 24…

The cryptocurrency market is showing a stark contrast between Bitcoin and Ethereum today. While ETH is experiencing withdrawals, BTC is demonstrating resilience, with continuous inflows into spot ETFs for 12 consecutive days, highlighting differing investor sentiment toward the two largest cryptocurrencies.Bitcoin is holding steady with a touch of optimism, bolstered by a recent bounce from its 100-day moving average. This has allowed BTC to remain above the critical $62,000 level, which has acted as strong support. The bullish momentum could persist as long as Bitcoin stays above this threshold. The substantial inflows into Bitcoin spot ETFs suggest growing investor confidence…