|All Time High:|
|Market Cap: |
|The price of #TIME today is $23.07 USD.|
The lowest TIME price for this period was $0, the highest was $23.07, and the current live price for one TIME coin is $23.07415.
The all-time high TIME coin price was $552.
Use our custom price calculator to see the hypothetical price of TIME with market cap of ETH or other crypto coins.
|The code for ChronoTech Token crypto currency is #TIME. |
ChronoTech Token is 6.8 years old.
|The current market capitalization for ChronoTech Token is $16,385,253.|
ChronoTech Token is ranking downwards to #518 out of all coins, by market cap (and other factors).
|There is a medium daily trading volume on #TIME.|
Today's 24-hour trading volume across all exchanges for ChronoTech Token is $212,295.
|The circulating supply of TIME is 710,113 coins, which is 100% of the total coin supply.|
A highlight of ChronoTech Token is it's unusually low supply of coins, as this tends to support higher prices due to supply and demand in the market.
|Note that there are multiple coins that share the code #TIME, and you can view them on our TIME disambiguation page.|
More ChronoTech Token (#TIME) News
|Shibarium Transactions Sees 4,400% Explosion, Time For SHIB And BONE ATH...
Shibarium has crossed a new milestone in the space of a few days. The layer-2 solution built for Shiba Inu's ecosystem just saw transactions spike an astounding 4,400%, registering 748,230 transactions in the past 24 hours.
Numbers like this demonstrate the sheer adoption rate of Shibarium, and investors are left wondering if high valuations for the tokens on the Shiba Inu ecosystem are inevitable.
Shibarium Transactions Explode Over 4,400% In One Day
Shibarium went live in August and has become the go-to platform for SHIB whales and investors. Shibarium recently crossed the 4 million transaction mark, but it looks like the run isn't stopping anytime soon.
The layer-2 solution saw an explosion of over 4,400% transactions in just the past 24 hours to reach the next milestone of five million transactions. According to data from Shibariumscam, there were 748,230 transactions in the past 24 hours, the highest ever recorded since its launch.
Notably, the transaction count on the network has been on the rise in the past week, as it reported over 43,000 transactions On November 23. At the time of writing, the total transaction count now stands at 5.968 million and is steadily approaching the 6 million milestone.
What This Means For SHIB And BONE Prices
The massive increase in Shibarium transactions is hugely bullish for SHIB and BONE prices. With more activity and utility on the network, demand for the native tokens should rise. Even before the platform we...
|How Does SBF Spend His Time in Jail, Former Mobster Explains
Gene Borrello, a former mobster turned federal informant, was separated from the general prison population and placed in a section with ex-gang members, informants, and high-profile detainees, one of which was SBF.
After leaving prison, he sat down with Tiffany Fong for an hour-long interview, which is available on her YouTube channel. A shorter version was also posted on her X profile.
I got a chance to interview Gene Borrello, a former mob enforcer who was in jail with Sam Bankman-Fried. Gene tells me SBF was on suicide watch, was extorted & did not eat or shower for several days. We also discuss how Sam spends his time in jail, bullying, sentencing & more. pic.twitter.com/nszTXVUrSQ
— Tiffany Fong (@TiffanyFong_) November 30, 2023
Extortion Attempts Still Occurred
To prevent him from being shaken down and extorted, MDC officials placed Bankman-Fried in a section separate from current gang members. However, at least one extortion attempt occurred, which was stopped by Borrello.
“You’ve never been in a fistfight in your life, and now you’re hanging out with Bloods? I know you don’t want to be there.”
According to SBF’s savior, he stopped the extortionists from forcing ??? to bunk with them, getting into a fight with them that sent him to a solitary wing in the unit. Later on, SBF was almost moved to the solitary unit as well due to alleged requests from his parents, who were concerned for his safety.
“He has the body of an 80...
|Crypto Analyst Who Sold The Bitcoin Top Reveals How To Buy And Sell At T...
Long-term crypto investor Jelle who caught the Bitcoin top in 2021 recently provided insights as to the best time to buy and sell crypto assets. Jelle provided a background for his knowledge as he stated these insights helped him sell his Bitcoin holdings at the peak of the last bull run.
A Powerful Bull Market Indicator
In a post shared on his X (formerly Twitter) platform, Jelle explained one of the “most powerful bull market indicators” that could help traders understand the direction of the market. This was based on how to use moving averages (MAs) for trade entries and exits. To enter trades, Jelle noted that he usually finds the confluence between MAs and horizontal levels.
The analyst shared a chart to elaborate his point further. According to him, there is usually a good entry when price retests an area that “makes sense both horizontally, and MA-wise.” This strategy is said to work well in the early stages of the bull market. However, he warned that traders will likely have to rely on MAs alone further into the bull market.
He went on to give an insight into his Bitcoin trading strategy in particular. He said he uses the 21-week moving average when trading the flagship cryptocurrency. In relation to the lower timeframes and altcoins, Jelle mentioned that a combination of the 25, 50, and 200 Exponential Moving Average (EMA) works well.
Finding Trade Exits For Assets Like Bitcoin
Jelle also gave insights as...
|Whales Move $30 Million Worth Of XRP To Exchanges – Time To Sell?
XRP could witness a massive selloff in the coming days, as shown by on-chain transfer data. According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes.
Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary.
Whale Transfers 50 Million XRP To Exchanges
XRP has gone through consolidation for the past two weeks in the midst of a market lull. According to Coinmarketcap, the altcoin's trading volume is also down by 43.59% in the past 24 hours. Before this period however, a whale made a transfer of 50 million XRP worth approximately $31 million to exchanges, prompting investors to wonder if this is a part of the ongoing consolidation and if the transfers are a selloff.
According to Whale Alerts, a transfer of 25.2 million XRP tokens worth $15.66 million was made to crypto exchange Bitstamp on November 23. Shortly after, 25 million XRP tokens worth $15.55 million were sent to crypto exchange Bitso. Looking into the details of the two transactions on blockchain explorers reveal they were made from the same address 'r4wf7e'.
A deeper look reveals address 'r4wf7e' received 55.87 million tokens from address 'rJgpQR' and then went on a s...
|ECB's Christine Lagarde Says Her Son Lost Big Time In Crypto
Christine Lagarde – president of the European Central Bank (ECB) said her son lost “almost all” of his investment in crypto despite her repeated warnings not to touch the asset class.
Due to the losses, she claims her son has now “reluctantly accepted” that she was right.
The Lagarde Family’s Crypto Investments
Lagarde discussed her son’s poor crypto journey at a town hall with students in Frankfurt on Friday.
“He ignored me royally, which is his privilege,' she said, according to Reuters. 'And he lost almost all the money that he had invested.'
The president has long railed against cryptocurrencies, insisting that Bitcoin is not money, but rather a “highly speculative asset” that is popular among criminals for money laundering.
While open to letting investors buy what they like, she advocates for strong regulations encouraging consumer protection in crypto while mitigating its use in terrorist financing. When it comes to central banks possibly owning Bitcoin, she’s called it “out of the question.”
Yet in May 2022, Lagarde revealed that one of her two sons was diversified into crypto, while still maintaining that crypto assets were “worth nothing” and “based on nothing.” Bitcoin traded for $29,100 at the time, shortly following the collapse of algorithmic stablecoin protocol Terra which tanked crypto markets across the board.
The president has two sons, both of whom are in th...
|OpenAI Setback No Match For FET's 160% Surge: Time To Invest In AI?
The Artificial Intelligence (AI) sector in the crypto space has enjoyed one of the most prominent rallies despite the debacle with OpenAI. The company behind ChatGPT fired one of its founders and CEO, Sam Altman, sparkling downside pressure for AI-based tokens, such as FET.
The native token for Fetch.ai, FET, has been trending to the upside following the general market sentiment. Over the past month, the cryptocurrency recorded a 160% rally, and it’s poised for further profits as it breaches critical resistance levels.
OpenAI Controversy Adds Fuel For FET’s Rally
Data from Coingecko indicates that FET’s bullish momentum took a hit last week as news about Sam Altman leaving OpenAI broke. The token has been moving with any development from the broader AI sector, and the uncertainty surrounding this company has impacted its performance on low timeframes.
Over the weekend, FET regained its bullish momentum and reclaimed territory, extending a more significant rally. In that sense, a pseudonym trader looked into FET’s potential target as the cryptocurrency continues “its rally without a dip.”
In the past week, FET breached the resistance at $0.56, targeting its 2022 highs, as seen in the chart below. If the bullish momentum continues, the token could rise to its 2021 highs between $0.70 and $0.90.
FET Rally Could End In Massive Correction
Our Editorial Director and analyst, Tony Spilotro, has been bullish on FET’s trajectory. The analy...
|Is Now Good Time to Buy Shiba Inu (SHIB)? Analysis
SHIB's Price Outlook: Shiba Inu (SHIB) has potential for an uptrend, with predictions of a 220% rise by 2025 based on bullish technical indicators and its current position below important moving averages.
Burning Program Impact: SHIB's aggressive asset burning strategy, marked by a 1,300% increase in burn rate recently, is possibly contributing to the anticipation of a price increase.
Shibarium's Influence: The development and growing activity on Shibarium, SHIB's layer-2 blockchain solution, with over 1.5 million blocks and nearing 4 million transactions, is also seen as a positive factor for SHIB's value.
How High Can SHIB Spike?
One of the trendiest memecoins - Shiba Inu (SHIB) - has gathered much investor attention over the past few years due to its rapid price appreciation and enhanced volatility. And while the asset's valuation is currently far from the all-time high registered in 2021, some analysts and experts believe an uptrend could still be on the cards.
The cryptocurrency platform Digital Coin Price conducted research, according to which SHIB could explode by over 220% by the end of 2025. It also argued that certain technical metrics indicate that the asset is currently in a bullish mode:
'All technical indicators indicate that the current sentiment is Bullish, while the Fear & Greed Index is reading 46.40, which means extreme fear. Our Shiba Inu forecast: it's good to Buy Shiba Inu right now.'
In addition, the entity claimed that SHIB has been tradi...
|Polygon Network Metrics Explode: Is It Time For MATIC Price To Reach $2?
It's been a relatively quiet period of price action for Polygon (MATIC) in the past few weeks. On this day last month, MATIC was trading around its October bottom of $0.5154 before the inflows into the crypto market.
Although the cryptocurrency has performed reasonably well and has increased by 82% since then, its rise has mostly been overshadowed by inflows into Bitcoin and alternative cryptocurrencies such as Solana, which has seen an 188% increase in the same period.
After briefly falling below $0.9 many times this week due to consolidations, MATIC has now blasted off minor support at the $0.91 level. On-chain metrics like transaction count addresses making a profit and open interest on futures contracts all point to a continued surge for MATIC.
Polygon Network Metrics Explode
Data from various market analytics platforms have shown a spike in transactions on the polygon network. Cryptoquant puts the total transaction count at its highest levels since September. At the same time, data from IntoTheBlock shows that large transaction volume (transactions of over $100,000) reached $636 million in the past 24 hours, an increase of more than 387% from yesterday. According to the analytics website, this is a surge of more than 3,800% compared to 30 days ago.
The volume of MATIC futures trading has also increased in the past week, as shown by the amount of open interest. According to chart data from Coinalyze, open interest on various MATIC futures markets has jumped b...
|Is Ripple (XRP) Price About to Chart a God Candle? The Last Time This Pa...
Tony 'The Bull,' an XRP analyst, identifies a chart pattern on Ripple's price chart similar to 2017, suggesting a potential upcoming surge in XRP value, akin to the previous 900% increase.
Recent large XRP transfers by anonymous whales imply possible market activity preparation, highlighted by multimillion-dollar transactions between unknown wallets.
Ripple's price has surpassed its 100-day and 200-day moving averages, aiming for the next resistance level at $0.80, amid growing global adoption and successes against the SEC.
The bullish XRP analyst recently spotted a pattern on the Ripple price chart that preceded a holy grail candle during the crypto bull run in 2017.
The last time Ripple's price traced this pattern, it followed up with a 900% candle. By the time XRP prices peaked a month later, the blue-chip cryptocurrency had gained 1,600% in market exchange value.
900% Ripple God Candle Ahead?
Tony 'The Bull,' a Level 3 certified Chartered Market Technician, recently wrote in a post on X.com:
'Imagine if it happened that fast, when everyone thinks they have months to years to accumulate #XRP
$XRP has formed the same 1M Japanese candlestick setup as late 2017, right before a 900% candle
Thin order books, unwinding of shorts, and FOMO can pack a powerful punch'
Back in 2017, the chart pattern preceded a rise in Ripple price from $0.16 on Dec 8, 2017, to $2.70 by Jan 5, 2018. With XRP trading at an average price of $0.65 on crypto exchange markets Monda...
|Binance Dethroned in This Metric for the First Time in 2 Years Amid BTC,...
The Chicago Mercantile Exchange (CME) recently displaced the world's largest crypto exchange, Binance, becoming the biggest Bitcoin futures exchange.
CME's recent surge in Bitcoin Futures Open Interest has been driven by massive liquidations caused by Bitcoin's sudden price surge.
CME's Bitcoin Futures OI Swells
According to Coinglass data, CME's number of Bitcoin Futures in Open Interest stood at about 109K BTC, worth $4 billion, down about 2% in the past 24 hours. A few hours earlier, the number of BTC futures OI under CME had surged to 111K.
It is the first time in two years that the Binance exchange is displaced from the top spot in the metric, with the largest crypto exchange currently having a share of about 102K BTC, valued at $3.77 billion, down about 12% in the past 24 hours.
CME controlled a 24.3% share in the metric at the time of writing, while Binance controlled about 22.95%. The exchange has noticed a significant surge in BTC Futures Open Interests this year.
Just a few weeks ago, CME was the 4th largest. Late last month, CryptoPotato reported about CME controlling over 100K BTC in Bitcoin Futures Open Interest. At the time, Binance boasted about 112.6K BTC worth $3.87 billion in futures OI.
With its focus on institutional traders, CME's metric surge is evidence of an increasing demand in market participants to trade these assets.
The head of research at FalconX recently said:
'Given the CME is a venue used almost exclusively by large traditional financial ...
|Analyst Endorses MATIC, Time To Double Down On Polygon And Ethereum Laye...
Ryan Sean Adams, a vocal Ethereum commentator and crypto investor, is bullish on MATIC, the native token of Polygon. Taking to X on November 8, Adams said MATIC should be a top-10 crypto asset, adding that people are asleep on layer-2s.
Polygon (MATIC) Remains In An Uptrend
When writing on November 8, MATIC is among the top 15 most valuable coins by market cap. It also remains volatile, fluctuating, and moving up and down the market cap leaderboard rankings. Even so, considering its spot valuation exceeding $7.3 billion according to CoinMarketCap (CMC), a crypto tracker, MATIC remains relatively liquid with a broad user base.
Etherscan data on November 8 shows that there are 629,967 MATIC holders, down roughly 2%, but the number remains higher despite the contraction following the crypto winter of 2022, which spilled over to 2023.
As of November 8, MATIC is up 60% from September 2023 lows. According to CMC, the coin is also up 13% on the last trading day, pushing weekly gains to over 27%. Looking at the candlestick arrangement in the daily chart, the uptrend momentum is strong, and buyers appear to be doubling down.
Presently, bull bars are aligned along the upper BB, suggesting that there is intense buying pressure. At the same time, MATIC is within a bullish breakout formation, breezing past August highs.
Polygon, a sidechain, is among the many scaling solutions for Ethereum. The platform is compatible with Ethereum, allowing protocols to ...
|Bitcoin Dominates: Overtakes Ethereum In 24H NFT Sales Volume For The Fi...
In a turn of events within the non-fungible token (NFT) market, Bitcoin (BTC) has achieved a significant milestone by surpassing Ethereum (ETH) in 24-hour NFT sales volume. This marks the first time that Bitcoin has outperformed Ethereum in this aspect.
BTC’s NFT Breakthrough
Bitcoin's recent achievement of surpassing Ethereum in 24-hour NFT sales volume signals a changing trend and growing interest in the NFT market.
While Ethereum has long been recognized as the dominant blockchain for NFTs, Bitcoin's entrance into the space demonstrates its increasing relevance and appeal to NFT enthusiasts and collectors.
The data highlights that Bitcoin accounted for $17,291,694 in NFT sales, with 575 buyers participating. On the other hand, Ethereum recorded $26,689,252 in total sales, with 11,225 buyers.
Despite Ethereum maintaining a higher total sales figure, the relatively lower wash percentage of Bitcoin suggests a potentially healthier and more organic market activity.
However, when it comes to volatility, data from Deribit, the leading crypto derivatives exchange, shows that the spread between ETH and BTC volatility, commonly referred to as the ETH DVOL vs. BTC DVOL spread, has narrowed significantly since October 23rd from -11.6 to just -0.6. This shift indicates a change in investor sentiment and increased attention towards Ethereum and altcoins.
In light of this development, Ethereum has outperformed Bitcoin over the past fourteen days. ETH has seen signifi...
|Radiant Capital's Earnings Exploding, Time To Load The RDNT Bag?
Radiant Capital, a lending and borrowing protocol for users to borrow various assets across multiple chains, is rapidly closing in on Aave, looking at earnings data over the past six months.
Radiant Capital Earnings Rising: What's The Trigger? According to Token Terminal statistics on November 8 shared by one user on X, @Flowslikeosmo, Radiant Capital generated $5.8 million in revenue despite a relatively lower level of liquidity than Aave. @Flowslikeosmo, who claims to be a crypto researcher, said Radiant Capital's earnings will likely explode in the upcoming sessions, especially once the 2.8 million ARB begins to be deployed.
Radiant Capital is a popular cross-chain decentralized money market through which users, regardless of their choice blockchain, can either lend their assets and earn passive income or borrow assets trustlessly. As Radiant Capital offers services, the DeFi protocol generates earnings or revenue primarily from fees.
The platform charges a protocol fee on all transactions. Earnings from this allow the team to be operational while allowing the protocol to generate revenue.
However, it should be noted only 15% of this fee is used to cover operational expenditure, with the rest redistributed to users as yield. Besides, there are fees billed to users taking flash loans. The protocol rewards providers with RDNT to incentivize liquidity provision, depending on the amount provided and the duration locked.
ARB Airdrop, Will RNDT Rally To New 202...
|Bitcoin Flips Ethereum for the First Time in 24-Hour NFT Sales Shift&nbs...
On Wednesday, November 8, 2023, the Bitcoin blockchain saw its non-fungible token (NFT) asset sales surpass those on the Ethereum platform, marking a historic shift during a single-day span. According to the analytics provided by cryptoslam.io, Bitcoin-based NFT transactions amounted to $17.17 million, eclipsing the $15.77 million in Ethereum NFT sales recorded during the 24-hour period.Bitcoin's NFT Sales Eclipse Ethereum in Single-Day Surge
The trend for Bitcoin NFT transactions has seen an upward trajectory lately, and just three days ago, Bitcoin.com News highlighted that Bitcoin had secured the runner-up spot for NFT sales across a week. In a significant first, Bitcoin's Ordinal inscriptions, its unique brand of NFTs, exceeded Ethereum's sales over a 24-hour time frame on Wednesday.
NFT connoisseur Leonidas, the founder of Ord.io, documented this unprecedented event onchain, marking the occasion when Bitcoin-based NFTs leaped ahead of their Ethereum counterparts for the first time in history. Leonidas said:
Breaking - Ordinals just flipped Ethereum NFTs for the first time. So of course I had to inscribe it into Bitcoin forever.
Recently, Ordinal inscriptions witnessed a noticeable downturn in activity that persisted for over a month. This decline followed a peak in daily mints; afterward, the number of new inscriptions faced a persistent struggle until October 24. However, the tide has turned since then, and by November 4, the second-largest number of inscriptions was r...
|Time To Exit Bitcoin? Crypto Analyst Predicts 75% Breakdown To $8,000
Bitcoin has been on a winning streak for the better part of October and the multiple surges since then have pushed the price above $35,000 before correcting back downward. Even now, Bitcoin continues to show strength but not everyone is convinced that this winning streak will continue. One of these is a crypto analyst who has maintained that the price of Bitcoin will be headed back downward with an immense drop in price to crown the rally.
Seeing Bitcoin At $8,000
The crypto analyst who goes by holeyprofit first posted their analysis of Bitcoin on TradingView on October 22, right at the start of the uptrend. At this point, the Bitcoin price was still hovering just around $30,000, and the analyst posited that the price of asset would not be able to climb above $31,000.
According to the analyst, the recovery would make investors want to get in the market because they believe the price of BTC would continue to go up. However, this would be a bull trap and a consistent downward trend would follow quickly.
Following the Bitcoin breakout just a few days later, the analyst updated the forecast but maintained that the price would return back downward. An October 25 update from the analyst read: “If this indeed going to be a reversal, the recent action would imply a very strong one.”
This sustained bearish expectation from the analyst prompted short positions which seemed to raised from $34,000 to $35,000. “Moved off the high a bit and so far we have early structu...
|Shiba Inu Burn Rate Falls 80%, Is It Time To Sell?
The Shiba Inu community burn rate has seen a significant decline over the last few days. The burn rate which had been on a tear earlier in the month started to recede and has fallen double-digits in the last 24 hours alone. Given that this burn initiative was implemented to reduce supply and increase the price in the process, this decline in burn rate could have an impact on SHIB’s price performance.
Shiba Inu Burn Rate Down Over 80%
As data from the Shiba Inu burn tracking website, Shibburn, shows, the Shiba Inu burn rate is down more than 80% in the last day. The reason for this decline is lower participation in the burn rate, as investors have turned their focus to the surging crypto market prices.
At this time, only 29.98 million SHIB have been burned. Compared to the figures from earlier in the month which often came out above 100 million tokens burned, it shows a serious lack of participation from the Shiba Inu community members.
Burns have come from over 40 wallets but the number of SHIB each transaction was carrying was very small, hence the lackluster burn rate recorded at this time. However, on the weekly time frame, the burn rate is faring much better, as the burn tracker revealed on X (formerly Twitter) that it has seen a 61.82% increase. This means that over 362.4 million tokens were incinerated in the seven-day period.
Will This Affect The SHIB Price? A look at the Shiba Inu price chart shows that the meme coin has seen a slowdown in its rally over the ...
|The Last Time This Happened to Bitcoin(BTC) Was 3 Months Ago
Bitcoin's approach to $35,000 pushed the 'BTC Fear and Greed Index' into 'Greed' territory, reaching its highest since April 2023.
The index mainly indicated 'Fear' in the latter half of 2022, but recent market positivity suggests a crypto market rebound.
High greed might signal a market correction, yet analysts remain optimistic about Bitcoin's growth with favorable factors in play.
The ongoing cryptocurrency market revival, specifically Bitcoin's bull run towards $35,000, seems to have changed the investors' stance on the asset.
Recently, the popular 'BTC Fear and Greed Index:' a metric that indicates the overall sentiment on the primary cryptocurrency, has entered 'Greed' territory for the first time since mid-July.
The trend changed on October 21 when the leading digital asset started its ascend towards the coveted level of $30,000, while today (October 24), investors appear to be even greedier, with the index pointing to 66. It is worth mentioning that this is the highest figure since April 16, 2023.
BTC Fear and Greed Index, Source: alternative.me
The 'BTC Fear and Greed Index' was predominantly in the 'Fear' or 'Neutral' zone throughout the second part of 2022. However, the market's positive performance since the beginning of the year and its impressive spike in the past weeks hinted that the prolonged crypto winter might be over.
While 'Extreme Fear' may sound somewhat scary, the team behind the metric believes it could present a buying opportunity. On the ot...
|Bitcoin Beats Ripple (XRP), Ethereum (ETH), and Dogecoin (DOGE) in Terms...
Bitcoin is typically held for 4.2 years, while Ether and Dogecoin averages are around 2 years.
Long-term Bitcoin holders can see significant gains, with some experiencing up to a 15x return from 2017 to 2021.
Bitcoin's price recently tapped $30,000, with expectations of future rallies.
Investing in cryptocurrencies, particularly Bitcoin (BTC), could turn out to be a successful strategy, assuming people are smart enough to hold their possessions during turbulent times and manage to time the market to sell at an appropriate moment.
According to research conducted by IntoTheBlock, the average holding time for the primary digital asset is 4.2 years. In comparison, people tend to keep Ether (ETH) and Dogecoin (DOGE) for approximately 2 years (on average), the data science company added. Other cryptocurrencies that BTC is ahead of include RIpple's XRP.
Did you know that the average holding time for Bitcoin is 4.2 years? That's twice as long as ETH and Doge!
— IntoTheBlock (@intotheblock) October 19, 2023
It is worth noting that if a certain investor decided to part with their BTC holding today (after keeping them untouched for 4.2 years), they would record a profit of almost 200%.
Moreover, those who entered Bitcoin's ecosystem in the summer of 2017 and sold in the autumn of 2021 (when the asset was in a massive bull run) would have made nearly 15x on their initial investment.
The price of the primary cryptocurrency...
|$100M in Liquidations as Bitcoin (BTC) Topped $30K For The First Time in...
The price of bitcoin continues its way up and jumped above $30,000 for the first time since early August, perhaps fueled by the speculations in regards to the possible approval of a spot BTC ETF in the States.
Several altcoins have performed similarly, if not even better, in the past 24 hours, which has resulted in a large number of liquidated short traders.
Bitcoin's price went on a roll for the second time this week earlier today. And while the first was fueled by a false report in regard to the approval of a spot ETF and became a pump and dump, this second one seems to be more gradual and sustainable.
BTC stood at around $28,000 for a few days but shot up to above $29,000 earlier Friday morning before the bulls drove it further north to a 10-week peak at $30,300 (on Bitstamp).
Despite currently sitting inches below the coveted $30,000 line, BTC is still over 5% up on the day, with its market dominance soaring to nearly 52%.
BTCUSD 1h. Source: TradingView
The altcoins are also well in the green. XRP soared above $0.5 following a new victory against the SEC. SOL skyrocketed by double digits and tapped a multi-week peak of its own at $27.
These bullish price movements have caused severe pain for over-leveraged short traders. The total value of liquidated positions has shot up to over $100 million on a 24-hour scale, with short trades being responsible for roughly 80% of the entire amount.
The post $100M in Liquidations as Bitcoin (BTC) Topped $30K For The First Time in 10...
|A Very Curious Thing Happened to Bitcoin for the First Time in 2023
The number of Bitcoin wallets with at least 100 BTC recently surged to nearly 16,000, with the largest single-day increase this year recorded on October 13.
Following these developments, the price of Bitcoin increased by over 5%. Rumors of the US SEC approving BlackRock's BTC ETF application further influenced the price, although they were later debunked.
Bitcoin whales have significantly increased their asset holdings since the market crash in mid-August, with large investors buying over 11,600 BTC in less than a week by the end of August.
The Rapid Surge
As revealed by the behavior analytics platform Santiment, the number of Bitcoin wallets containing at least 100 BTC has recently spiked to almost 16,000. The figure was pumped with 115 new addresses last Saturday (October 13), registering the highest single-day increase this year.
#Bitcoin's number of wallets holding at least 100 $BTC has jumped to 15,970 after the largest single day jump of 2023 on Saturday. Since this accumulation, $BTC's price is +5.3%, and they may not be done. We will continue to monitor. https://t.co/l0drhvkf7E pic.twitter.com/0mDAmys7N4
— Santiment (@santimentfeed) October 18, 2023
Interestingly, the price of the leading cryptocurrency has soared by over 5% since these developments. The surge could have been even more significant should the reports indicating that the US SEC approved BlackRock's application to launch a spot BTC ETF in America were true.
The primary digita...
|Is Now a Good Time to Buy XRP? A Closer Look at the Ripple Price (Analys...
Ripple is progressing in its case against the SEC, fostering optimism about XRP's price.
Based on the 'Elliott Wave Theory,' XRP might reach $27 by Q4 2025, experiencing significant volatility along the way.
Achieving $27 would require XRP's market cap to be around $1.5 trillion, a lofty increase from past levels.
'XRP has the Potential to Reach $27'
Ripple's march towards a possible decisive court victory against the US Securities and Exchange Commission (SEC), the numerous developments surrounding the blockchain enterprise, and the enhanced volatility of XRP have given bulls hopes that the asset's price could rise significantly in the near future.
Numerous analysts have laid out plenty of forecasts lately, with some envisioning mild increases and others predicting spectacular spikes. The most recent wild bet came from the X (Twitter) user EGRAG CRYPTO, who assumed that the community might witness XRP trading at a whopping $27 in less than three years.
The prognosis is based on the so-called 'Elliott Wave Theory,' which has five progressive cycles. EGRAG CRYPTO suggested that 'Wave 3' could be a 'game-changer,' assuming XRP manages to enter that phase.
'Wave 3 emerges as the trend's dominant force, eclipsing other waves in size and influence. Wave 3 often extends Wave 1 by a ratio of approximately 1.618, painting a promising picture for XRP's future,' they explained.
However, the analyst reminded that Ripple's native token is still within the initial phase, known as...
|Time To Cash Out? Bitcoin's 4-Hour RSI Triggers Sell Indicator
Bitcoin (BTC) has retraced to the $28,400 level following a failed breakout above $30,000, resulting in a high rate of liquidations for both long and short positions.
Additionally, the recent fake news surrounding the approval of Blackrock's spot Bitcoin Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission has disrupted the upward trend and introduced new bearish indicators in the Bitcoin market.
RSI Screams Sell
Renowned trader and crypto analyst Ali Martinez suggests selling BTC based on its 4-hour chart Relative Strength Index (RSI) indicator. His simple trading strategy advises selling BTC when the RSI exceeds 74.21 and buying when the RSI dips below 30.35.
As seen in the chart above, BTC's RSI stands at the 74 level, which is notably high considering that on October 16, after the spread of the fake news on various platforms, including X (Formerly Twitter), the RSI reached as high as 82.83.
While this indicator may seem straightforward, it has proven effective on BTC's 4-hour chart. For instance, on October 1st, Bitcoin peaked at $28,500, but after the RSI climbed above 80, the leading cryptocurrency swiftly dropped to $27,150 within hours.
Although the effectiveness of these indicators is not always guaranteed, the combination of the recent false pump, the ongoing retrace evident in all BTC charts, the lack of bullish momentum, and the prevailing market sentiment of fear, doubt, and uncertainty could create the perfect storm for BTC to retest l...
|Best Time to Buy Ethereum Could Be Soon: Last Cycle Suggests
Ethereum has been in a descending channel against Bitcoin since August of last year, meaning Bitcoin has been the better investment over this time. However, historical trends show the tides could be changing soon, with Ethereum possibly on the brink of entering an accumulation phase.
Ethereum Price Action
Ethereum is trading at $1600, marking a 22% decrease from its price last August. Bitcoin, on the other hand, is 8% up over the same period.
This is a common trend that happens during bear markets. Coins with larger market capitalizations tend to be more resilient against price decreases as investors become more risk-averse and look to preserve their capital. While Ethereum isn't short at a market capitalization of $187 billion, it's still considerably lower than Bitcoin at $525 billion.
During bull markets, coins with lower market capitalization outperform Bitcoin again as investors lean towards assets with greater potential returns.
Ethereum Price Compared Against Bitcoin
When comparing ETH's value to BTC, it's evident that Ethereum has been trading within a descending channel since last August. This pattern, characterized by its lower highs and lower lows, often indicates a bearish trend in the market.
The chart above highlights three other distinct phases:
Accumulation phase: During this phase, price tends to stabilize, hinting at an upcoming change in momentum
Ascending channel: Here, the price experiences a significant reversal, often on a parabolic traje...
|JPMorgan CEO Warns of 'Most Dangerous Time the World Has Seen in Decades...
JPMorgan Chase CEO Jamie Dimon has warned of “the most dangerous time the world has seen in decades.” The executive explained that 'the war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.'Jamie Dimon’s Latest Warnings
The chairman and CEO of JPMorgan Chase, Jamie Dimon, issued a warning during the release of his company's third-quarter 2023 earnings results that the world may be encountering the “most dangerous time' in decades.
“The war in Ukraine compounded by last week’s attacks on Israel may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships,' the JPMorgan boss detailed, emphasizing:
This may be the most dangerous time the world has seen in decades.
While insisting that “U.S. consumers and businesses generally remain healthy,” Dimon cautioned that “persistently tight labor markets as well as extremely high government debt levels with the largest peacetime fiscal deficits ever are increasing the risks that inflation remains elevated and that interest rates rise further from here.”
Moreover, the JPMorgan chief noted that “we still do not know the longer-term consequences of quantitative tightening, which reduces liquidity in the system at a time when market-making capabilities are increasingly limited by regulations.”
Last week, Dimon expla...
|Cardano (ADA) Addresses In Loss Rise Over 94%, Is It Time To Jump Ship?
Cardano is down 45.6% from its yearly high of $0.4518 and is showing no signs of slowing down at the moment. Data has shown that at its current price, the majority of Cardano holders are losing money, further showing the state of the cryptocurrency's price.
Cardano (ADA) addresses in loss is now over 94%, leaving many investors wondering if it's time to cut their losses and move on.
Cardano (ADA) Addresses In Loss Rise Over 94%
Cardano (ADA) is currently the 8th largest crypto by market cap, with a market cap of $8.65 billion. However, all metrics have pointed to the cryptocurrency losing stream and struggling to receive inflow from investors.
For instance, ADA is down by 7.% in a 7-day time frame. Its trading volume has also fallen by 12.67% in the past 24 hours, showing a lack of interest in either buying or selling the cryptocurrency.
Data from IntoTheBlock's In/Out of the Money metric has shown the number of Cardano addresses in red is now at 94.15%. The metric, which shows the number of addresses making profits and losses at a cryptocurrency's current price, shows that the number of Cardano addresses in loss is now over 4.19 million.
Many ADA investors bought in near the peak hype during its all-time high. Of the 4.19 million addresses in loss, 691,480 addresses bought between $1.59 to $2.97, and 608,590 addresses bought between $1.17 to $1.59. On the other hand, only 174,840 Cardano addresses representing 3.92% of the total addresses, are curren...
|Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?
Bitcoin has been named the best performer among asset classes in 2023, but the cryptocurrency is still struggling to break new levels in its price. Despite the current bearish sentiment, many analysts have hinted and predicted a bull run in the coming months, especially as the market awaits the approval of a spot Bitcoin ETF.
This has probably prompted many investors to hold on to their coins, as on-chain metrics have shown that the amount of Bitcoin supply idling recently reached a new all-time high.
Unmoved Bitcoin Supply Reaches Record High
The industry expects the SEC's approval of spot Bitcoin ETFs to ignite the next bullish run for the price of Bitcoin. Although the SEC has so far rejected a number of requests for Bitcoin ETFs, many analysts believe it will not be long until one is accepted.
Considering Bitcoin's dominance of the entire crypto market capitalization, a spike in Bitcoin's price is expected to flow into all other cryptocurrencies. As a result, investors have been keeping their holdings in expectation of a future price increase.
Recent data has shown that 94.8% of the total Bitcoin supply has not moved in the past month, indicating a new all-time high for the metric.
JUST IN: 94.8% of the #Bitcoin supply has not moved in the past month, a NEW ALL TIME HIGH pic.twitter.com/bNa4MdFbKW
— Bitcoin Magazine (@BitcoinMagazine) October 10, 2023
Similarly, a recent post by on-chain intelligence platform Glassnode alerts revealed...
|Legendary Investor Declares Now Is The Time To Buy Bitcoin: Here's Why
In a recent interview with CNBC, billionaire hedge fund manager and legendary investor Paul Tudor Jones expounded on his bullish stance on Bitcoin amidst mounting global tensions and economic uncertainties.
Jones, an influential figure in the investment world, highlighted the current geopolitical environment as one of the most 'threatening and challenging' he has ever witnessed and emphasized the importance of diversifying investment portfolios with assets like Bitcoin and gold.
Jones told CNBC, “I love gold and bitcoin together. I think they probably take on a larger percentage of your portfolio than they would [historically] because we’re going to go through both a challenging political time here in the United States and we’ve obviously got a geopolitical situation.”
Now Is The Time To Buy Bitcoin And Gold
Recent global events have exacerbated these sentiments. Over the weekend, the Israeli government launched a military response against Hamas following an attack on Israel, escalating tensions in an already fragile Middle Eastern region. Additionally, Russia's recent invasion of Ukraine and growing discord between China and the US have further rattled global markets and economies.
In the same breath, Jones remarked on the US's alarming fiscal position, stating it's 'probably in its weakest fiscal position since World War II.'
Responding to concerns about the potential impact of high interest rates on Bitcoin, Jones delved deeper into the dynamics of...
|Shiba Inu Price Dips Below Key Support: Time To Enter Or Exit SHIB?
The Shiba Inu (SHIB) price currently treads on crucial technical terrains. As highlighted in previous comprehensive analysis, the potential impacts of two distinct chart patterns were observed on the 1-week timeframe for SHIB, both leading to vastly different price trajectories.
The 1-week chart reveals a compelling quadruple bottom formation for SHIB. If this pattern materializes, it could suggest a bullish surge of up to 250% from its breakout point, as delineated in prior assessments. Conversely, a starkly contrasting pattern emerges in the form of a descending triangle, which has taken shape over a span of 60 weeks. A conclusive break below its defining neckline could induce substantial declines in SHIB's valuation.
Shiba Inu Price:
Currently, the bearish sentiment around Shiba Inu seems to be intensifying in the wake of the crypto market downturn. With SHIB recording a price of $0.00000695 at the press time and briefly touching a low of $0.00000674 yesterday, it has breached the descending triangle's neckline pegged at $0.00000715.
Should SHIB close this week below this key support level, it might portend strong bearish implications, possibly steering the price toward its annual low of $0.000006. Yet, a closure below $0.00000715, while foreboding, is not conclusively bearish.
An analogous dip occurred in June, which was swiftly followed by a robust rally. Over an 8-week period, SHIB ascended by 59%, only to face resistance at the 50-day EMA of $0.00001140, leading to a...
|Bitcoin Halving Is 200 Days Away, This Happens Every Time: Is It Time To...
Bitcoin is 200 days before halving, a supply shock that historical patterns show that prices tend to rally, even clearing previous all-time highs once it happens. In a price chart shared by the 'thescalpingpro' on X on October 9, the analyst appears to suggest that the world's most valuable coin is in the early stages of not only breaking above 2021 highs but registering new highs after the network halves in 2024.
Early Signs Of Bull Rally: 200 Days Before Halving
Thus far, the trader notes that Bitcoin is down 60% from previous all-time highs in 2021. This formation, the analyst says, appears to replicate the same pattern before Bitcoin halved in 2019. Then, just like it is presently, the coin fell 60% from 2017 highs of around $20,000.
As historical pattern shows, Bitcoin prices tend to bounce back strongly after posting sharp losses from previous highs. These upswings are often accelerated by the halving event momentum, pushing prices further away from cyclical lows.
Every four years, Bitcoin halving occurs, where the reward for mining a Bitcoin block is reduced by half. This feature is built into the protocol to slow the issuance of new Bitcoin. Due to the decrease in the number of coins released to circulation during halving, inflation is reduced, which supports prices, as previous price action has shown.
Although the impact of halving has been well studied, the sequence of events preceding this event appears to be stirring demand. As aforementioned, 200 days be...
|Time For Self-Custody? Crypto Exchange Reveals Hackers Tried To Gain Acc...
Reports from South Korea-based Yonhap News Agency have revealed that Upbit, one of the largest crypto exchanges in South Korea experienced over 159,000 hacking attempts in the first half of 2023 alone.
Upbit's Hacking Attempts
According to the data from Upbit's parent company Dunamu shared with the local news agency, the hacking attempts of the first half of 2023 indicate a 117% increase compared to the first half of 2022, and a 1,800% increase in hacking attempts compared to the second half of 2020.
The crypto exchange recorded 8,356 hack attempts in the second half of 2020, 34,687 in the first half of 2021, 63,912 in the second half of 2021, 73,249 in the first half of 2022, and 73,249 in the second half of 2022.
These hack attempts have increased over the years after the crypto exchange suffered a hack of 58 billion won ($50 million) in 2019. The exchange has since successfully fortified its security measures to prevent these hacks, and the exchange has not experienced any exploit since 2019.
“After the hacking incident in 2019, we took various measures to prevent a recurrence, such as distributing hot wallets and operating them, and to date, not a single cyber breach has occurred,” a Dunamu Official stated.
Some of these measures included an increased percentage of money retained in cold wallets by 70%. Hot wallets, which keep keys online and are more susceptible to breaches, are thought to be less secure than cold wallets, which store private keys offline.