Impact

On-chain data shows the next major Bitcoin demand zone is around $56,000, a level BTC might end up revisiting if the decline continues. Bitcoin Has Next Major On-Chain Support Around $56,000 According to data from the market intelligence platform IntoTheBlock, BTC’s recent drawdown has meant that it may end up having to rely on the price range around $56,000 for support. In on-chain analysis, a level’s potential as support or resistance is based on the total number of coins that…

The post Coinbase Analysts Debate Bitcoin Halving Impact, Ripple Whales Bet on Akash Competitor appeared first on Coinpedia Fintech News Today, we’re diving deep into the bustling world of Bitcoin as we approach another halving event that’s got everyone from Coinbase analysts to everyday traders buzzing. And just when you thought the crypto seas couldn’t get choppier, there’s a new wave making a splash—Borroe Finance. This emerging altcoin, built on the sturdy Polygon blockchain, is turning heads as Ripple whales…

The Bitcoin halving is a critical event in the cryptocurrency market, where the rate of new BTC supply issuance is halved. This reduction is expected to increase scarcity and potentially drive up the price, particularly if demand remains constant or increases. The upcoming Bitcoin halving has sparked significant interest and speculation, with many experts predicting substantial price increases. How the Next Bitcoin Halving Will Impact Prices Historically, Bitcoin has experienced significant price hikes following halving events, though not immediately. Hannah…

The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be hitting a snag. Industry leaders are voicing growing concerns about the likelihood of securing regulatory approval from the Securities and Exchange Commission (SEC), with a deafening silence from the agency fueling anxieties. Jan van Eck, CEO of investment firm VanEck, recently cast a shadow of doubt on the possibility of SEC approval for spot Ether ETFs in May. In a CNBC interview, van Eck expressed…

The Bitcoin price has somewhat slowed down since reaching the unprecedented high of $73,000, moving mostly sideways since mid-March. However, with the halving event less than a fortnight away, all eyes will be on the premier cryptocurrency and all that pertains to it over the next couple of weeks. According to a recent on-chain observation, the BTC supply on exchanges has been on a steady decline over the past few months. This trend has sparked discussions on what this could…

Recent news from the blockchain and DeFi industries has highlighted the NAVI Protocol's ambitious NAVI X Ecosystem Fund. This move seeks to support the development of creative endeavors inside the SUI blockchain's DeFi and Move-based ecosystem, and it is funded with a hefty investment of 10 million NAVX tokens.  The fund aims to improve the operational functioning of the SUI blockchain and increase its user involvement by providing vital resources to projects at various phases of their life cycles. It…

Telegram, the renowned messaging platform, recently unveiled a new feature that allows users to promote their channels through advertising. With the launch of this feature, users can now purchase ad space using Toncoins (TON), the native cryptocurrency powered by the TON blockchain. Telegram Implements TON Blockchain For Ad Payments Acknowledging the potential for channel owners to generate advertising revenue, Telegram’s announcement highlighted that channels collectively accumulate over 1 trillion views each month.  Realizing this opportunity, Telegram has implemented a revenue-sharing…

The post April’s Unlock Saga: Analyzing the Impact of Token Releases on Crypto appeared first on Coinpedia Fintech News As April approaches, the crypto market braces for a wave of token unlocks, with 330 billion dollars worth of tokens set to enter circulation across various projects. Token unlocks, while sometimes viewed as potential sell pressure, also present opportunities for investors.  The market is on its edge with the largest unlock on April 15 by BitDAO (BIT) will release nearly $1…

Ethereum has, for the most part, established a foothold above the $3,500 price level throughout the week as investors continue to anticipate a return to the $4,000 mark. Interestingly, the optimism has seen the open interest of Ethereum surging to new highs. The surge in open interest, although a bullish sentiment indicator, can also serve as a bearish signal of an impending change in market trend.  Ultimately, this metric added to the current dynamics of the Ethereum ecosystem, including regulatory…