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Cryptocurrency
Bitcoin’s Wyckoff Pattern Signals Rebound Despite Market Uncertainty
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaThe current Bitcoin sell-off, driven by escalating recession risks in the United States, casts a shadow over the cryptocurrency’s near-term outlook. Despite (,Bitcoin,)’s recent decline, which has seen it fall below $60,000—a drop of over 4% in the p...
Bitcoin Falls Below $50K as Crypto Market Plunges 17%
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaBitcoin has experienced a significant decline, falling below $50,000 for the first time since February. The cryptocurrency hit a low of $49,351 before a modest rebound toward $51,000. As,Bitcoin,'s dominance soars to 58%, the broader cryptocurrency m...
2 Challenges Facing Solana and Other Altcoin ETFs
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaThe possibility of Solana and Cardano being approved as spot exchange-traded funds (ETFs) in the United States faces significant hurdles, according to Katalin Tischhauser, head of investment research at Sygnum Bank. Tischhauser's comments echo a broa...
Grayscale Ethereum ETF Faces More Than $2B in Outflows
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaA significant shift was observed in the flows of spot Ethereum exchange-traded funds (ETFs), with the Grayscale Ethereum Trust (ETHE) experiencing substantial outflows. This development comes amid broader changes in the ETF landscape, reflecting a co...
Will Ethereum Price Drop Below $2.8K?
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaEthereum (ETH) is currently at a pivotal point that could influence not only its own price trajectory but also impact (Bitcoin) market dynamics. Traders have identified a crucial support level for Ether, and its ability to maintain this level could d...
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Crypto Market Experiences Largest Sell-Off in a Year
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaThe cryptocurrency market has recently endured its most severe three-day sell-off in nearly a year, erasing approximately $510 billion from its total market capitalization since August 2. This dramatic downturn in,cryptocurrency,has been influenced b...
Jump Crypto Moves $315M of ETH to Exchanges
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaJump Crypto, the digital asset division of Jump Trading, has recently stirred significant speculation within the cryptocurrency community due to its substantial transfers of digital assets. This series of transactions, involving hundreds of millions...
Crypto Hackers Buy Ethereum Dip with Illegally Acquired Funds
August 05, 2024 02:00 AM NZST| By Team Kalkine MediaIn a striking development, cryptocurrency hackers have capitalized on the recent market downturn by purchasing 16,892,Ether,(ETH) at a significant discount using stolen funds from the 2022 Nomad bridge hack. This opportunistic move highlights the ong...
Crypto Futures Face $840M in Liquidations as Bitcoin Plummets and Ether Sees Largest Drop Since 2021
August 05, 2024 01:53 AM NZST| By Team Kalkine MediaHighlights:,The market sell-off led to over $840 million in liquidations for crypto-tracked futures in the past 24 hours, with (Ether) (ETH) futures alone accounting for $304 million.,More than 200,000 traders faced liquidations, including the larges...
Bitcoin Price Falls to $62K Support, but Derivatives Metrics Suggest Bullish Signs
August 02, 2024 05:50 PM NZST| By Team Kalkine MediaBitcoin’s price has recently experienced a correction, dropping 5.5% between July 31 and August 1, reaching a low of $62,498. This decline marks the,cryptocurrency,’s lowest level in over two weeks. The price movement is attributed to reduced expecta...
How Long Will Bitcoin’s Price Consolidation Continue?
August 02, 2024 05:49 PM NZST| By Team Kalkine MediaBitcoin’s price has experienced a prolonged period of consolidation since the halving event on April 20, 2024. The,cryptocurrency,has been trading within a range of $58,000 to $72,000. Despite the current price stagnation, analysts suggest that a sig...
Ethereum’s Strong $2,860 Support May Lead to a $4,500 Target
August 02, 2024 05:43 PM NZST| By Team Kalkine MediaEthereum has demonstrated notable resilience, maintaining a support level of $2,860 that has been tested multiple times since early July. According to insights from Deribit, the recent approval of,Ethereum,exchange-traded funds (ETFs) is poised to pr...
Is Crypto Ready for Its Next Phase?
August 02, 2024 05:40 PM NZST| By Team Kalkine MediaThe recent launch of spot Bitcoin and Ether exchange-traded funds (ETFs) in the United States has generated significant interest, but crypto has yet to break out beyond its core investor base. The approximately $60 billion invested in these funds thi...
Why Is Solana (SOL) Price Sinking?
August 02, 2024 05:36 PM NZST| By Team Kalkine MediaWhy Is Solana (SOL) Price Sinking?,Solana’s price has experienced a significant decline, dropping 8% within a 24-hour period and currently hovering around the critical support level of $165. This sharp movement has triggered a liquidation of over $40...
Will Bitcoin Price Rise After Bank of England Rate Cut?
August 02, 2024 05:35 PM NZST| By Team Kalkine MediaIn a notable shift from prolonged monetary tightening, the Bank of England (BoE) recently announced its first interest rate cut in over four years. The 0.25% reduction, bringing the current rate to 5%, represents the end of a period marked by elevate...
Bitcoin Hits 2-Week Lows Despite 100% Odds of Fed Rate Cut
August 02, 2024 05:32 PM NZST| By Team Kalkine MediaBitcoin's price remained subdued following the Federal Open Market Committee (FOMC) meeting, with lingering concerns over liquidity and market sentiment continuing to dominate the,cryptocurrency,landscape. Despite the Federal Reserve's dovish stance...
Marathon Digital Shares Dropped 8% Following Disappointing Q2 Results
August 02, 2024 05:31 PM NZST| By Team Kalkine MediaMarathon Digital Holdings Inc., a prominent player in the Bitcoin mining sector, has once again fallen short of Wall Street’s earnings expectations for the second quarter of 2024. The company’s stock experienced an 8% decline focllowing the release o...
Coinbase Shares Q2 Results Up 3% as Crypto Trading Doubles Year-Over-Year
August 02, 2024 05:26 PM NZST| By Team Kalkine MediaCoinbase Shares Q2 Results Up 3% as Crypto Trading Doubles Year-Over-Year,Coinbase has announced its third consecutive profitable quarter, showcasing impressive financial performance for Q2 2024. The company's latest results highlight a robust increa...
Bitcoin Liquidations Reach $300M as BTC Slips to $62K
August 02, 2024 05:25 PM NZST| By Team Kalkine MediaOn August 1, Bitcoin experienced a dramatic price drop, shedding over $1,600 in just 60 minutes amidst a surge of market volatility. The sudden plunge saw,Bitcoin,’s value plummet from $64,000 to $62,800, causing significant turmoil among leveraged l...
Trump's Bitcoin Sneakers Now Selling for $2,500 on eBay
August 01, 2024 02:00 AM NZST| By Team Kalkine MediaDonald Trump's recently released limited edition Bitcoin-themed sneakers are now being resold on eBay for up to $2,500. Listings for the orange-colored high-tops, the,Bitcoin,-themed sneakers were launched on July 31, have appeared on the platform, w...