China News Today TheBitTimes.com

A veteran crypto trader says that one digital assets sector is about to pull off an under-the-radar repeat of its 2021 rallies. The pseudonymous trader known as Bluntz tells his 304,000 followers on the social media platform X that the decentralized finance (DeFi) sector is “de-risked” following news that the crypto project linked to President-elect Donald Trump has accumulated tokens. Says Bluntz, “The president is accumulating DeFi coins and is making his own DeFi company. I think it’s safe to assume DeFi is now de-risked and due for a 2021 repeat.” Crypto intelligence platform Arkham recently reported that Trump’s World Liberty Financial (WLFI) platform purchased $50 million worth of DeFi coins, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). Taking note of WLFI’s purchases, Bluntz says he’s bullish on the decentralized stablecoin protocol Ethena (ENA), noting that traders are shorting the altcoin....

An analyst known for making crypto bottom calls thinks that memecoin Pepe (PEPE) and one Solana (SOL) challenger are gearing up for breakout rallies. Pseudonymous analyst Bluntz tells his 273,500 followers on the social media platform X that PEPE and Sei (SEI) are among the market’s leaders after breaking out of bullish reversal patterns. “Many altcoins with blatant in-your-face accumulation going on here, extremely hard to be bearish in my opinion. SEI and PEPE are some standouts, in my opinion.”  Source: Bluntz/X Looking at SEI, the trader appears to suggest that the Solana rival has broken out from a rounding bottom pattern. The technical formation is often viewed as a bullish reversal pattern as it indicates that investors have accumulated the asset without allowing the price to move lower. At time of writing, SEI is trading for $0.30, down 1.44% on the day. As for PEPE, the trader shares a chart suggesting that the meme token has broken ...

The Bitcoin (BTC) market has witnessed major price changes over the past week. The king coin went from a high of $60,000 to a low of $52,714. Just a week into September, the asset has dropped by nearly 7%. This isn’t surprising as BTC has witnessed more falls than upticks in September over the past couple of years. According to CryptoRank, the average price change of Bitcoin change in September remains at a negative 6%. Also Read: BTC Critic Peter Schiff May Become A Bitcoin Proponent If This Happens Bitcoin Price Analysis and Predictions Source Current Market Performance Looking at the above chart, it might be difficult for the asset to reach the $60,000 mark this month. BTC was trading at $55,281.35 at press time, following a 1.65% increase over the past 24 hours. A cryptocurrency analyst by Rekt Capital highlighted that Bitcoin is in a halving year. The expert said, “So it makes most sense to compare 2024 with previous Halving years. In the previous Halving years (2016 & ...