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The BTC/USD pair is at a very critical juncture right now. Making the all-important higher high at $65,050, or rolling over and falling below $63,900 could impact the $BTC price for the short to medium term. Huge market forces control the Bitcoin price There are huge forces that eventually decide the larger movements in the Bitcoin price. These market forces are beyond the ken of the average retail traders, and the $BTC price going up or down a few hundred…

Binance is one of the few crypto companies that can proudly wear the recognition for the most creative and engaging marketing campaigns. From NFT collections with CR7, to hands-on community events, here’s a look at the top five Binance marketing campaigns and stunts: 1. ChainGPT x Binance: The Ultimate AI-Powered Web3 Experience Leading the charge is the collaboration between Binance and ChainGPT, a Web3 AI infrastructure leader. This campaign offers users $500,000 in CGPT tokens and a $600 voucher per…

Cardano price started a decent increase above the $0.3620 resistance. ADA is now showing positive signs and might rise further toward $0.420. ADA price started a recovery wave from the $0.3420 level. The price is trading above $0.380 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.3810 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move up if it remains stable above…

Ethereum price is holding gains above the $2,650 resistance. ETH is now consolidating gains and might aim for more gains above $2,700. Ethereum is aiming for more upsides above the $2,700 resistance. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to continue higher in the near term.…

Ethereum (ETH) exchange-traded funds (ETFs) posted the largest outflows since July 2024, with $79.2 million leaving the market on Monday, according to data from SoSoValue. Ethereum ETFs Continue To Underperform Despite the highly-anticipated and strong start for Ethereum ETFs in July 2024, the latest crypto-based ETFs have, thus far, failed to sustain institutional interest. The latest data from crypto ETF tracker SoSoValue shows that ETH ETFs witnessed a daily total net outflow of $79.2 million on September 23. Upon closer…

Bank of New York Mellon (BNY Mellon) is making significant strides toward launching custody services for Bitcoin (BTC) and Ethereum (ETH), following its recent exemption from the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121.  As previously reported by Bitcoinist on Friday, BNY Mellon is the first bank to receive this exemption, allowing it to avoid treating the custody of cryptocurrencies as a balance-sheet liability. BNY Mellon Seeks To Expand Crypto Custody Services The announcement came to light…

Optimism about the Bitcoin future outlook remains strong, with a crypto analyst forecasting a massive $100,000 price increase for the pioneer cryptocurrency. With expectations of an even greater price surge, the analyst believes that a $100,000 ATH for Bitcoin in 2025 is a nominal price target. Why Bitcoin Will Rise To $100,000 In 2025 Luke Broyles, a prominent crypto analyst and Bitcoin enthusiast recently dived into a discussion about the relationship between Bitcoin’s price and inflation, specifically how the United…

Bitcoin price is again rising above the $63,800 resistance. BTC could gain pace if it clears the $64,750 resistance zone and then $65,000. Bitcoin is aiming for more gains above the $64,800 zone. The price is trading above $63,650 and the 100 hourly Simple moving average. There was a break above a short-term contracting triangle with resistance at $63,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it breaks the…

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio of the short-term holders is currently making a retest that could prove significant for BTC’s price. Bitcoin STH MVRV Ratio Is Retesting Its 155-Day MA Right Now As explained by on-chain analyst Checkmate in a new post on X, the short-term holder MVRV Ratio breaking above its 155-day moving average (MA) could lead to bullish action for Bitcoin. The MVRV Ratio is a popular indicator that, in short,…