News - Page 20

In the world of trading, analysts and traders rely on studying price patterns to gain insights into market trends and momentum strength. One such pattern is the triangle pattern, which is often considered a continuation pattern.

The recent breakout of the RUNE price from its long sideways trajectory indicates an early sign of an upcoming bullish trend. This breakout comes after a year-long period of sideways action, suggesting a potential trend reversal. The recovery of the RUNE price is supported by escalating trading volumes and heavy short liquidation.

In a recent research note, Charlie Morris, founder and chairman of ByteTree, highlighted the improving breadth of the crypto market. He mentioned that downtrends are becoming scarce, while uptrends are on the rise. This positive trend could potentially be significant for the crypto industry.

The protocol, X, recently experienced a token approval exploit from their new router. As a result, they have taken immediate action to address the issue. In this article, we will discuss the steps taken by the protocol to contain the exploit and ensure the safety of users' funds.

A trader who accurately predicted the previous crypto rally earlier this year believes that Bitcoin (BTC) is set to repeat its recent surge from $28,000 to a new high of $35,000 in 2023.

The impressive rally for Ethereum Layer-1 competitor Solana (SOL) continues as the altcoin registers another 12% gain on the daily chart. At press time, SOL is trading 11.97% up at $36.34 and has a market cap of $15.2 billion.

Altcoin Cardano has been experiencing a positive trend in the crypto market, rallying alongside other cryptocurrencies. In the last 24 hours, the ADA price has increased by 2.47%, reaching $0.300, with a market cap of $10.5 billion.

Coinbase, a prominent player in the cryptocurrency space, has published a report highlighting the increasing momentum of tokenization in the current high-yield environment. This trend, which involves representing ownership of financial assets on a blockchain, has reached its multi-year highs.

Fetch.AI (FET), an altcoin from the artificial intelligence (AI) sector, has been making waves in the crypto markets with its impressive performance over the past week. With new updates on the horizon, Fetch.AI is poised to revolutionize the way we live and work.

Sam Bankman-Fried, the embattled founder of FTX, recently took the stand for a third day, providing valuable insights into his management style and the tumultuous relationships that marked the last days of the cryptocurrency exchange.

The crypto founder's lawyers were not in favor of him speaking publicly, but he went on a media blitz after FTX's collapse. He wanted to share his side of the story with anyone who would listen, including journalists, Twitter personalities, and frustrated crypto day traders.

Ethereum has emerged as a powerful blockchain platform with the potential to become foundational infrastructure for the next stage of the internet. However, there are three key risks that need to be addressed in order to ensure its success.

Financial regulators in the United Kingdom are planning to legislate new regulations for the crypto industry in the country. The UK Finance Ministry, along with the top financial regulator, is developing and implementing sweeping rules for regulating crypto assets. This move follows the European Union's deployment of the Markets in Crypto Assets (MiCA) regulation. The UK's approach is broadly in line with the EU. However, there are concerns that the UK risks being left behind in the emerging digital asset market if it fails to attract crypto businesses. In September, the UK's Financial Conduct Authority (FCA) announced a crackdown on illicit and non-compliant financial promotion, including crypto-focused memes. Investors are advised to do their due diligence before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets.

Cardano (ADA) has once again displayed impressive growth trends in its third quarter (Q3) according to a recent report from crypto analytics firm, Messari.

According to RWA.xyz, the tokenized Treasury market has experienced significant growth, reaching $698 million from $100 million at the beginning of the year. This expansion can be attributed to the entry of new players into the market and the growth of existing platforms. Charlie You, co-founder of RWA.xyz, highlighted this development in the Our Network newsletter.

A widely followed crypto analyst believes that Bitcoin (BTC) has officially entered bull market territory and is now primed for a rally toward $50,000.