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2024-05-03

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The Ethereum Foundation has also recently made a sale, converting 1,700 ETH into $2.74 million worth of stablecoins on Oct. 9 using Uniswap. However, in this case, analysts have pointed out that the foundation's actions align with its regular requirements for operational expenses, grants, and incentives. Meanwhile, leading altcoins like Ethereum (ETH) and Solana (SOL) have had to deal with minor retracements in the last seven days. According to CoinMarketCap, SOL lost 6.09% of its value in the last seven days while trading at $22.39. ETH, on the other hand, exchanged hands at $1,592, after the Ethereum Foundation sold some coins lately. how to buy bitcoin without ridiculous verification processAlthough we’ve always felt aligned, it hasn’t always been clear how we can more directly contribute to roadmaps until the emergence and early success of Ethereum rollups. Now, there’s a much clearer opportunity for Cosmos technology to contribute. Everyone’s now getting to the point where they feel centralized sequencers aren’t really a mature path forward. We need to decentralize the sequencer, which starts to look like consensus. And who built the best consensus engine? Cosmos. Bitcoin (BTC) rejected at $28,000 after the Oct. 5 Wall Street open as a return toward six-week highs failed.BTC/USD 1-hour chart. Source: TradingViewBitcoin sees swift comedown after new $28,000 retestData from Cointelegraph Markets Pro and TradingView followed BTC price action as bulls attempted to match levels from earlier in the week.This encountered problems just above the $28,000 mark, however, with the subsequent hourly candle sending the market down $700, or 2.5%.Commenting on the status quo, on-chain monitoring resource Material Indicators was unsurprised. Its proprietary trading tools had warned of a fresh downturn, it said, and the chain of events could still repeat.“If you didn’t see this rejection coming, then you might want to evaluate your tools, because both TA and Trend Precognition indicated a high probability of a rejection,” part of an X post stated.“That doesn’t mean we won’t see another attempt, because we probably will.”Continuing, Material Indicators co-founder Keith Alan eyed a possible trading range for BTC/USD going forward, noting that the current spot price zone was the site of “key” support/resistance flips in prior bull markets.“So far, Key Moving Averages are serving as strong technical resistance (and support). Breaking this range to the upside is a possibility this month. If it happens, a lot of people are going to get rekt along the way,” he told X subscribers.“A close above the 200-Week MA would fuel bullish hopium. A close below the 21-Week MA keeps BTC ranging between $25k - $28k until something breaks.”BTC/USD annotated chart. Source: Keith Alan/XAt the time of writing, the 200-week and 21-week MA stood at $27,970 and $27,868, respectively.Others were more optimistic, with Michaël van de Poppe, founder and CEO of trading firm MN Trading, describing Bitcoin as “very much ready” to tackle $30,000 resistance.“Few levels of importance for Bitcoin here,” he wrote in X analysis the day prior.“Holding above $27,200 would be substantial for upwards continuation, but preferably is a retest at $26,700–$26,900 before we’ll continue the rally to $30,000. Sentiment flipped quite fast.”BTC/USD annotated chart. Source: Michaël van de Poppe/XTrader taps RSI for BTC price bottomElsewhere, popular trader and X commentator Ali revealed a BTC price trading method that he argued had tracked recent local tops and bottoms.Related: Bitcoin still beating US dollar versus ‘eggflation’ — Fed dataThis revolved around the relative strength index (RSI), which on four-hour time frames had fluctuated between approximately 30 and 75 since late August.“Currently, the RSI stands at 51. Patience is key! We might be best waiting for the RSI to drop below 30.35 to buy the dip!” part of an accompanying commentary advised.Ali uploaded a chart showing a classic “sell” signal coming at the start of October, implying a new “buy” signal could come next — alongside a BTC price local low.BTC/USD chart with 4-hour RSI data. Source: Ali/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Caroline Ellison, Alameda’s former CEO, is expected to take the stand in New York later on Tuesday. Like Wang, Ellison was a member of Bankman-Fried’s inner circle of trusted lieutenants who is expected to reveal more details on the complicated relationship between FTX and Alameda. General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.XRP Community Divided on Ripple’s Management of Monthly Escrow Release Buy Crypto with NAB Bank [2023]|Step-by-StepPepe Price Prediction as PEPE Falls Along with the Wider Crypto Market – Are Whales Manipulating Prices? When successfully matched through the peer-to-peer mechanism, they enjoy an enhanced rate known as the P2P APY. In both cases, Morpho ensures that users receive a rate that equals or surpasses that of the underlying protocol, making it a highly attractive option for DeFi participants. Overall, Morpho Protocol serves as the optimized gateway to decentralized lending, providing users with a superior alternative to borrowing or lending directly from popular lending pools like Compound and Aave.Friend. tech Achieves a Milestone with $50 Million TVL

At the time of writing, USDC is the second largest stablecoin in the world after Tether and has a market value of $25 billion. However, Tether has a market value of $83 billion. Will the Bitcoin halving have any meaningful impact on XRP price? Live Cryptocurrency Chart“The existing game industry has gone through several new paradigm shifts, from the era of game copy sales to PC games, console games, and social games—or from feature phone games to smartphone games,” Lee said. The mainnet operated on 26 full nodes as of July, with the network holding assets valued at $1.1 billion, according to a monthly report.

Hashrate Marketplaces: These hash rate marketplaces connect mining power buyers and sellers. Miners can buy and sell mining contracts, allowing for a more flexible approach to cryptocurrency mining. Introducing Chainlink CCIP Integration U.S. crypto exchange Kraken buys index provider Crypto FacilitiesAt the time of publication, half of the legislative branch of the federal government of the United States was largely paralyzed following a vote ousting then Speaker Kevin McCarthy. About a week later, Unity walked back some of its plans for the new fee, set to launch in 2024—but hasn’t scrapped it entirely.


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