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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....

A crypto strategist is warning that two large-cap altcoins may witness deep corrective moves after massive rallies this month. Crypto trader Credible tells his 473,800 followers on the social media platform X that payments-focused altcoin XRP looks primed for a pullback after completing a five-wave rally on the four-hour chart. Credible practices Elliott Wave theory, which states that an asset may correct or consolidate after concluding a five-wave upside burst. During a five-wave rally, a bullish asset surges in waves one, three and five with waves two and four serving as corrective periods. According to the trader, XRP needs to hold a crucial support level to maintain its bullish momentum. “And that, ladies and gents, is a crystal clear five-wave impulsive move, subwaves and all on XRP. This: 1. confirms our absolute bottom was in at $0.49. 2. means if we move below $1.05 (origin of the 5th subwave), then it means we are seeing a larger wave two correc...

A cryptocurrency investor has recorded over $2 million in returns by investing in the Solana (SOL)-based meme coin Slopfather (FATHA), which is witnessing an increasing capital inflow. The trader, suspected to be a user with the X username Cooksassistant , initially invested $3,300, which turned into a staggering $2.5 million in just three hours, according to data shared by Lookonchain on November 23. According to the trade Analysis , the trader purchased 57.89 million FATHA for 13 SOL on Pump.fun, a platform that allows the creation of meme coins.  Picks for you AI predicts Stellar Lumens (XLM) price for year-end 49 mins ago Romania is using blockchain to count presidential electoral votes today 1 hour ago...

A cryptocurrency investor has taken advantage of the ongoing boom around meme cryptocurrency Moo Deng (MOODENG) to record over 2,500-fold returns on their initial investment. The gains by the unidentified investor came from an investment of $1,331, which turned into a staggering $3.4 million in a trading initiated on Raydium, an automated market maker (AMM) platform built on Solana (SOL) involving the MOODENG/SOL pair, data shared by Lookonchain indicates. The trade occurred on September 10, when the trader purchased 38.7 million MOODENG tokens for 9.8 SOL, valued at $1,331. Just two weeks later, on September 25, the value had skyrocketed, pushing the total worth to over $3.4 million, thanks to a sharp rise in the price of MOODENG, powered by the growing virality of the token on social media. Picks for you Here's what Bitcoin needs bef...

A popular and highly exciting element of the cryptocurrency market is that it frequently provides investors with an opportunity to invest in a coin or token early, thus having the potential to turn tens or hundreds of dollars into thousands or millions. While such maneuvers tend to be achievable whenever a new meme coin is launched, the most recent example came from one of the biggest players in the sector – Ethereum (ETH). Indeed, Ethereum’s new project – Ehtervista (VISTA) – is accompanied by a utility token of the same name, and one savvy trader, identified as frenulum.eth managed to multiply their money 134 times within just 48 hours. Picks for you $3 trillion asset manager warns recession is coming 1 hour ago $102 bil...

The next upward move in digital assets will be the “real” breakout that takes markets to new highs, according to a trader who accurately predicted the late 2022 crypto collapse. The pseudonymous trader known as Capo tells his 101,000 Telegram subscribers that the recent Bitcoin (BTC) bounce was a “test pump,” with the real rally to come. “That was a pump to clean the liquidity from above. The next pump should be the real breakout.” Source: Capo/Telegram Capo says that a convincing break of the $62,000 level – which has potentially happened with BTC currently trading at $64,201 – will likely lead to a continuation to the $70,000 range. “BTC – taking it simple – First bullish confirmation: clean reclaim of $62,000 = $69,000-$70,000 likely. – Second bullish confirmation: clean reclaim of $69,000-$70,000 = main target ($75,000-$80,000) likely. In the meantime, ignore short-term pullbacks…” Looking...

Bitcoin (BTC) is again trading around the $60,000 psychological level, encouraging both bullish and bearish analyses in the market. While the leading cryptocurrency decides its direction, traders and investors look for the next buying before a bull rally starts. In particular, Bitcoin’s trading expert CrypNuevo posted his “Sunday Update” on August 18, highlighting potential movements for BTC price. First, the analyst expects Bitcoin to briefly break out from a descending broadening wedge chart pattern spotted by different traders. Finbold has already reported two analyses that mention this pattern, one eyeing the $100,000 mark and the other warning of downside potential. Picks for you Bitcoin or gold? We asked ChatGPT which asset has better inflation hedge potential 47 mins ago ...

After making over $120 million trading Shiba Inu (SHIB), one cryptocurrency trader has made another strong bet – this time spending more than $18 million to buy over 700 Shiba Inu in a matter of hours, reflecting increased confidence of SHIB whales in the meme crypto asset’s future. Specifically, the investor had bought 5.5 trillion SHIB early on for $400,000 and then sold them at two price peaks, profiting $121 million, and now they used 4,849 Ethereum (ETH), worth about $18.44 million, to buy 715.9 billion SHIB, according to the data shared by Lookonchain in an X post on June 5. SHIB trader transaction data. Source: Lookonchain Indeed, the crypto trader ’s smartly placed purchases and sales, which involved buying SHIB at an average price of roughly $0.0000000727 back in 2021 and then selling at the right moment, amid two significant price peaks, suggest that this investor, in particular, is confident that a price peak will happen again. ...

Crypto traders have lost over $100 million in the last four hours of this writing amid leverage position liquidations. The cryptocurrency market crashed by nearly $100 billion in capitalization since April 29’s opening, triggering these liquidations. Following a high-volatility event, crypto traders registered $101.39 million in losses in a 4-hour time frame. In particular, $96.62 million were from long-position liquidations, drastically punishing the bulls as cryptocurrencies trembled. Finbold retrieved this data from CoinGlass on April 30 at 13:00 UTC. Notably, Ethereum (ETH) led the losses with $28.47 million worth of collateral compulsively sold in exchanges, while Bitcoin (BTC) has slightly less than $20 million in liquidations in the same 4-hour period. Picks for you Promising Ethereum tokens to invest in May 2024 26 mins ago Cardano price prediction after whale activity explodes 44 mins ago Professional trader warns of ‘catastrophic’ market cras...

Coinbase has launched a new initiative to attract high-volume traders by offering reduced trading fees and a 60-day, no-fee period for those transferring from other platforms. According to a recent blog post, the promotion offers a fast track to lower fee tiers for traders with over $500,000 monthly trading volume , enabling users to pay as low as no maker fees on spot trades on Coinbase Advanced. – If you are a savvy crypto trader this offer is for you. – If you know a savvy crypto trader this offer is for them. Switch to Coinbase Advanced and enjoy lower fees, and elevated trading experience. Deets in the blog. https://t.co/LgK0nr3S4T — Lisa Mohanty ️ (@ShubhashriM) February 1, 2024 The move is part of Coinbase’s efforts to boost its market presence, especially as it prepares to announce its fourth-quarter earnings for 2023 later this month. The company has experienced a downturn in transaction revenue due to decreased trading volume s in the past year...

Bitcoin preserves its snap October gains, but BTC price analysis reveals reasons for staying level-headed on the future. Bitcoin (BTC) aimed for $28,500 at the Oct. 2 Wall Street open as a bullish start to the month continued. BTC/USD 1-day chart. Source: TradingView Analyst wary of Bitcoin "upside wick" fakeout Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying strong into October’s first United States trading session. The largest cryptocurrency made swift gains into the weekly close, this following a contrastingly cool monthly candle completion which saw BTC/USD finish on $26,970. For popular trader and analyst Rekt Capital, this monthly close — despite now being more than 5% below spot price — called for caution. “Bitcoin performed a September Monthly Candle Close below ~$27,100 (black),” he wrote in part of the day’s X Analysis alongside an explanatory chart. “Technically, black was solidified as resistance for September.” Rekt Capital ...

BTC traders fix their eyes on $31,000 even as $2 billion in Bitcoin options are set to expire this Friday. The upcoming $2 billion Bitcoin (BTC) monthly options expiry on July 28 could potentially establish $29,500 as a support level. Some argue that the recent U.S. Federal Reserve interest rate increase to 5.25% had a detrimental effect on risk-on assets like cryptocurrencies. However, Bitcoin bulls believe that the full impact of a tighter economic policy takes time to influence the markets. Bitcoin daily price movements during option expiries. Source: TradingView Looking back, the monthly expiry on June 30 did not cause significant volatility, given that Bitcoin had already experienced a 22.2% gain between June 15 and June 23. Conversely, the May monthly expiry triggered a 9% rally, with Bitcoin's price rising from $26,100 on May 25 to $28,450 on May 29. In contrast, the options expiry in April resulted in a 7% correction, as Bitcoin's price dropped from $29,900 on April 2...

Bitcoin sentiment is overly bearish, some claim, with BTC price protecting a key moving average trend line. Bitcoin (BTC) held its most recent gains into May 27 as trader s called for a change in “bearish” market sentiment. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Trader awaits "pretty major move" for BTC price Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it entered the weekend at around $26,700. The week’s macroeconomic data from the United States had ended with a surprise, as a new Personal Consumption Expenditures (PCE) index print showed the economy weathering tighter financial conditions much better than expected. Markets then began to price in a June interest rate hike from the Federal Reserve — something which should form a headwind for risk assets but which failed to dampen a BTC price rebound. Despite the price comeback, however, the mood remained cautious — for some, overly cautious. “Retail is so extremely bearish on ...