Many analysts agree that the “dynamic support” could boost accumulation sentiment in the Ethereum market. Ethereum’s native token Ether (ETH) could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers. The rising trendline has been triggering ETH’s price rebounds since the beginning of October 2021 and comes as a part of a broader Ascending Channel range. ETH/USD four-hour price chart featuring the Ascending Channel setup. Source: TradingView As a result, Ether’s path […]

More info

Data shows that a spike in Twitter mentions preceded massive price rallies in at least five altcoins. When crypto traders win big, they often take to Twitter to share the joy. They tend to do the same for sharing painful stories of getting wrecked, discussing promising new assets, or sharing insight and predictions on which projects can become the next big thing. Sometimes these waves of social attention can even create positive feedback loops whereby the tokens that command the chatter see their prices soar precisely for […]

More info

More participation? The approval of the BTC ETF in October exacerbated the trend. “There is a much easier path to gaining this exposure.” Imagine an institutional investor like an insurance company or pension fund decides that it wants to test the cryptocurrency waters. Or maybe a large corporation is looking to buy some Bitcoin (BTC) to diversify its treasury holdings. One thing they’re unlikely to do is announce their intention beforehand.That could drive up the price of the digital asset they are trying to buy. Thus, there’s […]

More info

AMC Theaters now accepts online payments in Bitcoin, Ether, Bitcoin Cash and Litecoin, with Dogecoin coming next. American cinema giant AMC Theatres is finally adopting cryptocurrencies like Bitcoin (BTC) for online payments following months of teasing the new payment option. AMC CEO Adam Aron announced Thursday that the company now proudly accepts four major cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) for online payments. The new payment method already accounts for 14% of AMC’s total online transactions, Aron said, adding that cryptocurrencies join […]

More info

“There’s a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly,” Circle CEO said. Issuers of stablecoins like Tether (USDT) and USD Coin (USDC) may soon be required to work under the same regulations as banks, but that seemingly doesn’t frighten the CEO of the USDC-issuer Circle. Commenting on the Biden administration’s proposal to work on a bank-like regulation for stablecoin issuers, Circle CEO Jeremy Allaire took a supportive stance for the recommendation. He highlighted that proposal’s aim to regulate […]

More info

It’s a case of “if in doubt, zoom out” this week, as Bitcoin heads for a showdown with Taproot and ETF approvals. Bitcoin (BTC) is still on to run to $90,000 in the coming weeks after “trapping” leverage traders. In its latest market update on Nov. 12, trading platform Decentrader underscored popular sentiment on BTC price action. Update: High timeframes “remain bullish” Despite losing $4,000 in a single day Wednesday and trending sideways since, Bitcoin is anything but bearish, many analysts argue. With short-term conditions punishing leveraged […]

More info

Ten times more people have signed up for Coinbase’s upcoming NFT platform than OpenSea had in total over the past 30 days. As Coinbase cryptocurrency exchange is preparing to roll out its own nonfungible token (NFT) platform soon, CEO Brian Armstrong has assessed the importance of the company’s upcoming NFT offering. On Tuesday, Coinbase released its Q3 financial results, reporting $1.2 billion in revenues, which mostly comes from the platform’s transaction fees on trading cryptocurrencies like Bitcoin (BTC) and Ether (ETH). The firm is the largest crypto […]

More info