Chain News by Thebittimes.Com

Bitcoin price is slowly losing momentum and struggling below $70,000. BTC is now consolidating and facing hurdles near the $69,500 resistance zone. Bitcoin is facing many key hurdles near the $70,000 zone. The price is trading above $69,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if it stays below the $70,000 zone. Bitcoin Price Stuck Below $70K Bitcoin price found support above the $66,000 level and started another increase. BTC was able to clear the $68,000 resistance zone. However, the bears were active near the $69,500 and $70,000 levels. A high was formed near $69,608 and the price is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the $66,250 swing low to the $69,608 high. It even tested the $68,000 support zone. ...

Following the sudden approval of the Ethereum Spot ETF last week, speculations continue to roll in on the potential performance of these funds ahead of their debut trading session. Most recently, renowned Bloomberg ETF analyst, James Seyffart has weighed in on the subject giving his thoughts on the possible level of investments the Ethereum spot ETFs could pull in relation to their Bitcoin-based equivalents. Related Reading Analyst Says Ethereum Spot ETFs Approval Will See “Animal Spirits” Reignite Crypto – What This Means 1 day ago ETH Spot ETF Limited By Ethereum’s Utility And Other Factors – Analyst In an interview session on X on May 24 hosted by Bitwise Chief Investment Officer Matt Hougan, Seyffart stated that the Ether spot ETFs would likely experience a maximum of 25% of the demand seen by the Bitcoin spot ETFs. Seyff...

The emerging segment of GambleFi, where cryptocurrencies and blockchain technology merge with gambling and betting platforms, is showcasing profitable and innovative developments. Successful examples like Rollbit and TG.Casino have demonstrated the potential of GambleFi. TG.Casino recently partnered with AC Milan, while Rollbit’s native token, Rollbit Coin (RLB), maintains a market cap of around $200 million. Early adopters of these platforms have seen returns of 100x or more, leveraging blockchain technology to ensure fairness and transparency. This innovation eliminates fears of being cheated, making investors part owners in modern crypto casinos. With such success stories, investors naturally seek the next big GambleFi token. Three exciting GambleFi projects offer unique Features and benefits, catering to a diverse range of players. Exploring these options allows for strategic positioning within this rapidly growing market. Mega Dice (DICE) Mega Dice is not just an estab...

A widely followed crypto analyst says that one top-10 altcoin will eventually see a 500% rise while updating his outlook on smart contract platform Ethereum (ETH) and memecoin Pepe (PEPE). In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 216,200 followers on the social media platform X that meme asset Dogecoin (DOGE) will eventually hit $1. “Jeets might be selling you today but we will send DOGE to $1 eventually, Kabosu. Thank you for your services.” Source: Altcoin Sherpa/X Dogecoin is trading for $0.168 at time of writing, a 6.9% gain during the last 24 hours. Moving on to the top altcoin, Sherpa says he’s still bullish toward the second-leading digital asset by market cap. The trader’s chart indicates that ETH will clear the $3,980 level within a few weeks. “ETH: key level tapped but still expecting this level to break within a few weeks as long as everything gets cleared. Still bullish.” Source: Altc...

A number of Dogecoin metrics have turned bullish in the last few days, showing increased interest from investors. This ranges from the meme coin’s daily derivatives trading volumes to its open interest seeing a significant increase. However, in the midst of this, the Dogecoin price has remained limp, sparking worries among investors. Dogecoin Derivatives Volume And Open Interest See Increase One of the major Dogecoin metrics that has seen a significant increase recently is its derivatives trading volume. The trend began on Monday when the derivatives trading volume saw a 60% uptick. However, it seems DOGE traders are far from done as the volume has almost doubled since that time. Related Reading Analyst Points Out Level To Beat If Bitcoin Is To Reach $76,000 1 week ago According to data from Coinglass, the Dogecoin derivatives trading vo...

The Dogecoin and Shiba Inu-themed dog Kabosu passed away today and reached the heavenly abode. The popular dog was nearly 18 years old and became an internet sensation for more than a decade. The dog’s passing has caused sadness in the cryptocurrency community as it was the sole reason why millions of investors found the market. Dogecoin was inspired by Kabosu and the founders Billy Markus and Jackson Palmer used the DOGE logo in its image. Also Read: Shiba Inu: New Prediction Points SHIB Rising 600%, Hitting $0.0001 JUST IN: Kabosu, the dog from the Dogecoin meme that inspired $DOGE and Shiba Inu has passed away. pic.twitter.com/sNtDpkWFqr — Watcher.Guru (@WatcherGuru) May 24, 2024 When Dogecoin was launched in 2013, the meme currency attracted new and first-time investors into its fold. It quickly became a fun-themed coin and distanced itself away from the seriousness of finances. Shiba Inu was launched in the shadows of Dogecoin using the dog ...

As the cryptocurrency market eagerly awaits the U.S. Securities and Exchange Commission’s (SEC) approval of the first Ethereum Exchange-Traded Fund (ETF), investors are turning their attention to ERC-20 tokens. These coins could potentially benefit from the increased attention and investment in the Ethereum ecosystem. According to a recent tweet by Santiment, three ERC-20 related coins have emerged as top contenders based on their notable daily development activity rates over the past 30 days: Chainlink (LINK), Status (SNT), and Ethereum (ETH) itself. ‍ With #Ethereum's network on most traders' minds with May prices blossoming and the #SEC's approval of the first #ETF looming, here are #crypto's top #ERC20 related coins, sorted by notable daily development activity rates over the past 30 days: 1) @chainlink $LINK 2)… pic.twitter.com/SklE4VKHEP — Santiment (@santimentfeed) May 22, 2024 Also read: Top 3 Cryptocurrencies To Buy For 5X Gains I...