Author: msmark

Bitcoin price started a strong recovery wave from the $60,800 zone. BTC is up nearly 10% and now facing hurdles near the $68,800 resistance. Bitcoin price started a decent increase from the $60,800 support zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $65,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $68,800 resistance zone to start a fresh uptrend. Bitcoin Price Recovers 10% Bitcoin price extended its decline below the $62,500 zone.…

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Join Our Telegram channel to stay up to date on breaking news coverage Spot Ether ETF (exchange-traded fund) applications will be rejected by the Securities and Exchange Commission (SEC) in May, said Bloomberg ETF analyst James Seyffart. The SEC’s lack of engagement with applicants, unlike with firms that filed for spot Bitcoin ETFs last year, is behind the pessimistic prediction. “My cautiously optimistic attitude for ETH ETFs has changed from recent months,” said Seyffart in a March 19 post on X. “We now believe these will ultimately be denied. The SEC hasn’t engaged with issuers on Ethereum specifics. Exact opposite…

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2024.03.20 2024.03.20 Qtum Price Predictions for 2024, 2025-2026 and BeyondJana Kanehttps://www.litefinance.org/blog/authors/jana-kane/Qtum merges the reliability of Bitcoin’s unfailing blockchain with the adaptability of Ethereum’s smart contract capabilities. It’s a hybrid platform, designed for real-world, business-oriented applications. Its unique proposition lies in its ability to execute smart contracts on a secure and stable blockchain, making it a compelling choice for developers and investors alike. As a digital asset, Qtum’s stock reflects its growing adoption and potential in the blockchain ecosystem.In this article, we will explore Qtum’s future financial prospects, providing a detailed price forecast for 2024 and the years that follow, up…

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On-chain data shows a Solana whale has just moved a massive SOL stack to Binance, which could prove to be bearish for the asset’s price. Solana Whale Has Deposited 1 Million SOL To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, several large SOL transactions have occurred on the blockchain during the past day. More specifically, six massive transfers have been spotted on the network. Out of these, two transactions were gigantic, with tokens worth $362 million and $498 million involved. These extraordinary transfers, though, were both between unknown wallets. Addresses like these are those…

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Join Our Telegram channel to stay up to date on breaking news coverage The Bitcoin price gained slightly in the last 24 hours to trade at $63,857.08 as of 9:05 a.m. EST as investors tentatively accumulate the crypto. During BTC’s 12% correction over the past 7 days, MicroStrategy bought another 9,245 bitcoins for $623 million in cash between Mar. 11 and Mar. 18, according to a Mar. 19 statement. Following this latest purchase, the company’s total BTC holdings stand at 214,246 BTC, which is more than 1% of the crypto’s total supply of 21 million coins. The Bitcoin Price Bounces…

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The Federal Reserve Open Market Committee gave their latest monetary policy statement today, holding the target range at 5.25% to 5.5%, as widely expected. Read the Federal Reserve Statement Press release here The FOMC also released their “Summary of Economic Projections” (SEP), which showed  notable upward revisions of 2024 GDP (median moved from 1.4% to 2.1%) and the Core PCE inflation rate (from 2.4% in December to 2.6%). The SEP also included the closely watched Fed ‘Dot Plot’, which showed the majority of members seeing interest rates for 2024 falling to around 4.6%, and signaling only three rate cuts in…

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According to a Bloomberg report, Celsius Network, the crypto platform that filed for bankruptcy in July 2022, demands that major customers who collectively withdrew over $2 billion before the bankruptcy return those funds to avoid potential litigation.  An oversight committee formed during Celsius’s Chapter 11 case has begun contacting customers who withdrew more than $100,000 during the period leading up to the company’s bankruptcy filing. This recovery effort aims to repay creditors who did not withdraw funds from Celsius.  Settlement Offered To Celsius Users  Per the report, the oversight committee’s recovery process will impact around 2% of Celsius users who,…

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High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading and seek advice from an independent financial or tax advisor if you have any questions. Advisory warning: FOREXLIVE™ is not an investment advisor, FOREXLIVE™ provides references and…

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The Australian Unemployment Rate is expected to have eased to 4% in February. Employment Change is foreseen to bounce after January’s disappointing 0.5K increase. AUD/USD turned marginally bullish near-term following the Federal Reserve’s decision. Australia is scheduled to release the February monthly employment report on Thursday, following the Reserve Bank of Australia (RBA) monetary policy decision on Tuesday. The Australian Bureau of Statistics (ABS) is expected to announce that the economy added 40K new job positions in February, while the seasonally adjusted Unemployment Rate is foreseen at 4%, easing from 4.1% in January. The Australian Dollar (AUD) heads into the event…

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Amid a recent downturn in the broader crypto market, the concept of “buying the dip” has once again surfaced, tempting traders and investors with the prospect of snagging assets at lower prices. However, caution is the watchword from Markus Thielen, CEO of 10x Research, a top analyst in the crypto space. Thielen’s latest advisories suggest that the current market conditions may not yet be ripe for the optimistic strategy of dip purchasing. The Basis Of Bearish Sentiment Thielen’s recent analysis, released earlier today, underscores a bearish outlook on flagship cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), advising that it may be…

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