Category: cryptocurrency exchange

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Ripple and Dogecoin investors rush to draw coin pre-sale

As Ripple and Dogecoin investors look for new opportunities, Raffle Coin (RAFF) emerges in its pre-sale phase, attracting huge interest with its $0.020 Stage 1 tokens.

Ripple’s Effect on Regulatory Reform

As Rep. French Hill said, the recent “ruling” against the SEC “in a court of public opinion” shows the need for SEC regulatory reform. This development will expose the commission’s regulatory overreach and the impact it would have on the cryptocurrency industry.

During a hearing on Capitol Hill, Rep. Hill delved into the SEC’s loss in a case involving Ripple Labs, with a federal court finding that the company did not violate securities law by offering Ripple. This decision marks a significant victory for Ripple and sparks debate about the need for reform within the SEC.

Dogecoin Navigates Market Volatility

However, in light of market fluctuations, Dogecoin continues to be a topic of discussion among investors. As they say, during ups and downs, Dogecoin’s current trading price and market indicators raise doubts about whether this asset is quite good for investment.

Analysts say they are cautiously optimistic as Dogecoin navigates uncertain economic conditions while awaiting macroeconomic developments. Although Dogecoin has reduced its value in recent sessions, its resilience and potential to be among the winners in the future are remarkable.

Raffle Coin becomes important in the definition

In these market uncertainties, the pre-sale of Raffle Coin (RAFF) gives an opportunity to the investor. It offers many uses and benefits in the ecosystem; Therefore, Raffle Coin defines the way we conduct a giveaway by interacting with decentralized platforms. Easy to use, with instant withdrawals and a wide variety of prizes, Raffle Coin democratizes giveaways. The Raff token has been fully approved for audit and the locked liquidity will give confidence to investors.

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Bitcoin recovers more than $ 67,000: it triggers almost $ 300 million in total agreements

The encryption market has recently suffered a liquidation wave, for a total of almost $ 300 million, after the marked recovery of Bitcoin of $ 67,000.

This increase in the value of Bitcoin, a strong investment of its previous low trend, took many merchants by surprise, especially those who bet on the continuation of the market decrease.

More than 80,000 merchants face the liquidation

The data provided by Coinglass shed light on the magnitude of the settlements, revealing that approximately 86,047 merchants suffered losses of more than $ 250 million in a mere 24 -hour period.

The great exchanges such as Binance, OKX, Bybit and Huobi were the sands for these important financial setbacks, with binance merchants with the weight of the agreements.

Particularly Binance registered US $ 128.7 million in settlements, while other important platforms, such as OKX, Bybit and Huobi, also experienced significant settlements, for a total of US $ 99.87 million, $ 33.18 million and $ 17, 70 million, respectively. Meanwhile, although they also face settlements, smaller exchanges had a relatively lower impact.

Most of the affected positions were short businesses, which reflects a generalized anticipation of a market deceleration that did not materialize as expected. Short positions registered around 57.55% of the agreements, equivalent to US $ 164.10 million, of the merchants who bet against the market.

On the other hand, the holders of the long position also faced their portion of losses, which contributed to almost 40% of the total agreement, for a total of US $ 121.07 million.

Bitcoin recovery and future perspectives

The marked recovery of Bitcoin, momentarily recovering the UPS of more than $ 67,000, revived interest in their market behavior and future trajectory.

Despite a 6.6% drop in its market capitalization last week, the Bitcoin value saw a notable 6% increase in the last 24 hours, with its market value currently exceeding $ 140 billion. This resurgence of commercial activity, with daily volumes that rise below $ 60 billion for heights above this brand, means a renewed confidence for the increase in investors and commercial interest.

In addition to the speech, the cryptocurrency analyst Willy Woo presents an optimistic perspective for Bitcoin, suggesting the possibility of a remaining cycle of “double bomb” of market patterns observed in 2013.

According to Woo, this standard could announce two significant prices for Bitcoin in the coming years, with the first early peak in mid -2024 and a subsequent and more substantial increase in 2025.

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London Stock Exchange Embraces Digital Assets by Accepting Crypto ETN Applications

In a pivotal announcement, the London Stock Exchange (LSE) announced its intention to accept Bitcoin and Ethereum exchange-traded note (ETN) applications, signaling a significant shift towards the integration of digital currencies into traditional financial markets.
LSE Announces Acceptance of Crypto ETNs

The launch of the Bitcoin (BTC) and Ethereum (ETH) ETNs on the LSE platform marks a crucial development for investors seeking regulated pathways into the rapidly evolving crypto sector. These instruments are designed to track the price movements of Bitcoin and Ethereum, creating a link between the dynamic prices of cryptocurrencies and the traditional stock market structure.

“The proposed Crypto ETN: (a) is physically backed, that is, without leverage; (b) has a market price or other measure of the value of the underlying that is reliable and publicly available”, highlights the focus on security and transparency of this innovative product. The fact sheet details also emphasize the protection of assets through cold storage, thereby increasing investor confidence in the sustainability and security of these offerings against online risks.

This decision by the LSE to adopt crypto ETNs reflects the evolving regulatory landscape and the growing acceptance of crypto assets in the financial sector. This comes after the UK Financial Conduct Authority (FCA) indicated its openness to cryptocurrency-related ETNs.

Mikkel Morch, founder of digital asset investment fund Ark36, spoke to Bitcoin.com News, stating that the rise in Bitcoin prices to all-time highs coincides with the FCA facilitating the introduction of crypto-connected exchange-traded products.

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Cryptocurrency Price Prediction: BitBot, BabyBonk, Cryptex Finance

Cryptocurrency prices were mixed over the weekend as investors focused on upcoming US inflation data. Bitcoin remained slightly below $70,000, while Ethereum was stuck at $3,950. Tokens like BabyBonk, Cryptex Finance, and Rarible rose, while others like Wen, Solama, and Coq Inu fell by double digits. This article discusses what to expect from BitBot, CTX and BabyBonk.

BabyBonk Price Prediction

BabyBonk is a meme coin that was designed inspired by Baby Doge Coin, one of the main tokens today. It is a BNB token that aims to be a better alternative to Bonk, the fourth largest meme coin in the world.

Aside from simply being a meme currency, the token has more uses, such as an NFT collection of 1,000 unique cards. It also has a unique card game known as Bonk Royale that people can play and earn rewards.

BabyBonk price rose sharply over the weekend, reaching a high of $0.000000000099, its highest point since March 4. The token has skyrocketed above all moving averages and is approaching its all-time high of $0.000000000010.

It also became very overbought, with the Relative Strength Index surpassing 100. The MACD indicator also spiked. Therefore, the outlook for BabyBonk price is moderately pessimistic as some investors begin to take profits. If this happens, the token could fall and retest the support at $0.000000070. It will then recover as other cryptocurrencies recover.

Unlike BabyBonk and Cryptex Finance, BitBot is not a cryptocurrency you can trade for now. Instead, it is a crypto project that moved to token sales before its release to the public market.

BitBot is a company that aims to revolutionize the financial trading sector. The developers intend to launch a Telegram bot that will send signals to thousands and even millions of users around the world.

Unlike many other Telegram bots, this one will be non-custodial, ensuring users maintain full control.

The other benefit is that it will be a decentralized bot, ensuring that $BITBOT token holders will have a say in the network. They will be able to vote on important decisions and also receive part of the income generated.

The BitBot token sale is going well and the developers have raised over $900,000 from global investors. These investors hope to benefit from the token’s eventual listing in the coming weeks. You can buy the BitBot token here.

Cryptex Finance Price Prediction

Cryptex Finance’s CTX token has become one of the best-performing cryptocurrencies on the market. It rose to a high of $6 on Saturday, giving it a market value of more than $28 million. As it rose, the token crossed the important resistance point of $3.75, its highest point in March. This invalidated the double top pattern.

Cryptex held above the 50-period moving average and formed what appears to be a bullish pennant pattern. Therefore, the outlook for the token is extremely bullish, and the next point to watch is $6. A break above this point will confirm the bullish outlook.

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Deribit Exchange Expects Bitcoin to Rise 20% in Next 30 Days, Targeting $80,000

In a major milestone for the cryptocurrency market, Bitcoin (BTC), the largest digital asset, broke its previous records, surpassing the $69,000 mark to set a new all-time high (ATH) of $69,300 on Tuesday.

The achievement marked a historic moment for BTC, which had not reached such levels for more than two years. However, the cryptocurrency’s upward trajectory shows no signs of slowing down, with experts predicting further price gains.

Bitcoin and ETF price in perfect harmony

According to data from Deribit, a crypto futures and options exchange and analysis company, GenesisVol, BTC is expected to see a potential rise of up to 20.8% in the next 30 days.

These projections suggest that, under ideal circumstances, the price of Bitcoin could surpass the $80,000 barrier. Even conservative traders are optimistic and expect BTC to easily surpass $70,000 and reach around $75,000.

Additionally, the recent approval of spot Bitcoin exchange-traded funds (ETFs) has played a key role in Bitcoin’s success, suggesting that the upward trend in BTC prices, coupled with bullish sentiment among options traders and institutional and retail investors, is far from over. .

Bloomberg ETF expert Eric Balchunas emphasized the importance of this development and stated that it represents a pivotal moment for both Bitcoin and ETFs. Balchunas believes the rise from $25,000 to $69,000 was largely due to hopes of ETF approval and subsequent flows.

The expert stated that the synergy between ETFs and Bitcoin has proven to be mutually beneficial as ETFs have increased liquidity, accessibility, convenience and standardization for investors.

Notably, ten-hold Bitcoin ETFs have amassed over $50 billion in assets, with a staggering $8 billion generated from inflows and the remainder attributed to Bitcoin’s rising value.

However, when Bitcoin reached its new peak, increased market volatility caused a surge in liquidations. Journalist Colin Wu reported a sharp 5% drop in the price of Bitcoin in one hour, with Binance recording less than $65,000. During this hour, deals reached a staggering $142 million.

BTC sell signal

Although bullish investors are currently on cloud nine, renowned crypto analyst Ali Martinez sounded the alarm when the TD Sequential indicator recently issued a sell signal on Bitcoin’s daily chart.

The TD Sequential indicator, developed by market expert Tom DeMark, uses price patterns and sequences to identify potential trend changes in various financial markets, including cryptocurrencies.

Martínez emphasized the indicator’s notable track record in predicting Bitcoin price movements since the beginning of the year. The TD Sequential indicator issued a buy signal in early January, just before the price of Bitcoin rose 34%.

On the other hand, a sell signal was given in mid-February, followed by a 4.44% drop in the value of BTC. Therefore, considering the previous sell signals, a possible drop to the $62,000 price level could be underway for the largest cryptocurrency in the market that still holds the $60,000 support, which will be key to BTC’s prospects.