The unknown crypto trader invested only $3,000 into a new Solana-based memecoin before its price rally. A savvy cryptocurrency trader profited more than $9 million on his initial altcoin investment, showcasing the potential of memecoin trading. The trader made a 3,000-fold return on his investment in the Solana-based Numogram (GNON) token, a low-market capitalization memecoin…
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Solana price is up today as a combination of technical and onchain factors paint a bullish outlook for SOL. Solana price is up today, buoyed by a modest recovery in the broader cryptocurrency market. SOL’s rebound follows Bitcoin’s recovery to 2021 record highs as a number of technical and onchain indicators hint at more gains…
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Bitcoin RSI is either on track to deliver a six-figure BTC price next year or “this time is different,” analysis says. Bitcoin is technically on track to hit $233,000 — and that could come as early as Q1 2025. In a new BTC price forecast, X analytics account Bitcoindata21 used the relative strength index (RSI) to…
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Metaplanet has doubled its Bitcoin holdings this month with purchases totaling more than 450 Bitcoin. Shares in Metaplanet rallied 15.7% on Oct. 15 after the Japanese investment firm announced its latest purchase of almost 107 Bitcoin. Metaplanet’s latest purchase brings its total stash to 855.5 Bitcoin— worth more than $56.1 million — the firm said…
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Bitcoin’s failure to hold $68,000 could be an early sign that a price reversal is beginning. Bitcoin’s price has rebounded by more than 7.5% in seven days after hitting a 10-week high of $67,922 on Oct. 15. However, a sharp correction in the coming days is possible based on several technical and onchain factors. BTC/USD…
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Bitcoin derivatives metrics shifted as BTC price fell under $59,000. Are lower prices incoming? Bitcoin declined by 5.3% between Oct. 9 and Oct. 10, reaching a three-week low of $58,900. The market correction began after the United States reported higher-than-anticipated consumer inflation data, suggesting traders are concerned that the Federal Reserve has less incentive to…
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Bitcoin traders are reducing their risk exposure ahead of the upcoming US inflation report, among other factors contributing to the cautious sentiment. Bitcoin’s price is down today as traders play cautiously ahead of key inflation data in the United States and elevated open interest in the derivatives market. Bitcoin traders de-risk ahead of CPI data…
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Solana price is up today as liquid staking within the ecosystem hits a new all-time high above $5.7 billion. Solana price is up on Oct. 11, trading above $144 and up 5% over the last 24 hours, recouping all the losses made over the last two days. SOL/USD daily chart. Source: TradingView The upward momentum aligns with…
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Bitcoin ETFs have witnessed $287.80 million in daily outflows amid a growing de-risking mood across the crypto and traditional risk markets. Bitcoin’s price is falling today, mirroring declines across the global risk markets due to fears about the economic outlook. Recession risks pressure Bitcoin, stocks lower As of Sept. 4, BTC was down 3.30% to around…
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Telegram tap-to-earn games have “finally” brought the mass adoption to crypto the industry has waited for, says Blum founder and CEO Gleb Kostarev. Around half of the tap-to-earn gamers on Telegram are completely new to crypto, and the messaging app could open up the tech to mass adoption, according to a former Binance executive. Gleb…
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