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This week has been exceptionally bullish for many major assets in the cryptocurrency market and some of the less-expected cryptocurrencies, including Terra Classic (LUNC), which has managed to grow its market value by nearly 16% on its weekly chart and close to 30% in just one month . As it happens, the rebranded native asset of the disgraced Terra (LUNA) ecosystem has made a remarkable recovery, considering that the total value locked (TVL) on its chain in early August dropped to the lowest levels since its launch, sparking fears of its death. Positive influences Although its staking value has failed to make any significant progress since then, Terra Classic managed to keep its price relatively stable, returning into the green zone with its recent advances under the influence of positive developments around it and the optimistic sentiment in the wider crypto market. Specifically, among these positive developments is the recent announcement by one of the largest crypto exchanges ...

MicroStrategy, led by Michael Saylor, is now reaping the rewards of its $4.68 billion Bitcoin (BTC) investment. The Tysons, Virginia-based company now enjoys a profit of $343 per BTC, thanks to the recent surge in the orange coin’s price. MicroStrategy’s Bitcoin bet paying off MicroStrategy’s impressive journey into the super-volatile world of Bitcoin investment is now yielding dividends, thanks to the latest Bitcoin price increase. With a calculated and strategic approach, the company is not only profitable but also looking to expand further. MicroStrategy’s story starts with its initial Bitcoin investment, made at an average purchase price of $29,582 per BTC.  With Bitcoin prices hovering around $29,925, the company currently holds a substantial profit of $343 per BTC. In total, they possess 158,245 BTC, resulting in an overall profit of $54.27 million. However, MicroStrategy is not resting on its laurels. The company has announced plans to acqui...

Bitcoin is defending the $26k after the recent MicroStrategy’s latest BTC purchase. Concerns over the US dollar’s impact on BTC may be overstated by investors. Coinbase holds about 5% of the total bitcoin in circulation. MicroStrategy’s recent acquisition of Bitcoin worth nearly $150 million has made waves in the cryptocurrency market, causing a notable shift in Bitcoin’s price dynamics. The move was a demonstration of MicroStrategy, a prominent business intelligence firm led by CEO Michael Saylor, of its strong commitment to Bitcoin. The recent Bitcoin purchase sent ripples throughout the cryptocurrency world. A boost to Bitcoin price Before MircoStrategy’s BTC acquisition announcement, Bitcoin had briefly dipped below the $26,000 level, around which it has been hovering for a week. However, as soon as news of the purchase became public, Bitcoin price saw a significant upward movement, gaining several hundred dollars in v...

Bitcoin network fundamentals have never looked better, as optimism trickles back when it comes to BTC price strength in a key Fed rate decision week. Bitcoin (BTC) starts the new week with optimism as traders greet the first green weekly candle in over a month. BTC price strength appears to be gradually improving after a weak August and start of September, with BTC/USD climbing toward $27,000. A solid weekly close provides the backdrop to what promises to be an interesting few days, which will include a key United States macroeconomic event as a potential volatility driver. The Federal Reserve will meet to decide on interest rate policy — and any surprises could have significant repercussions for risk assets, including crypto. Elsewhere, things are looking promising for Bitcoin, with network fundamentals set to surge higher to new records. Strength “under the hood” is similarly being reflected in hodler behavior, with wallet numbers continuing to shoot higher regardless of BTC price ...

Earlier this week, the crypto market was rattled by a wave of bearish sentiment as the collapsed crypto exchange FTX took a pivotal step in its bankruptcy proceedings. FTX had sought the court’s approval to liquidate a staggering $3 billion in cryptocurrency holdings, predominantly comprising Solana (SOL) tokens.  Now, the judge overseeing the case has officially granted FTX the green light for this massive liquidation. This development has sparked fresh concerns among crypto enthusiasts, who fear that such a substantial sell-off could exert downward pressure on the price of SOL, the native token of the Solana blockchain. What happened? The once-popular crypto exchange FTX which imploded in November 2022, received permission from the US judge John Dorsey on September 13 to sell billion s in crypto assets.  Cryptocurrency 8 crypto exchanges control 90% of the market’s liquidity Cryptocurrency ChatGPT predicts XRP price in 2024, 2028, 203...

Roni Cohen-Pavon, the former chief revenue officer at Celsius, has pleaded guilty to four criminal charges before a federal court in Manhattan, New York. Cohen-Pavon admitted to manipulating the market price of CEL, the primary cryptocurrency issued by bankruptcy digital asset lender Celsius. The ruling on Sep. 13 was issued by U.S. District Judge John Koeltl, according to Reuters. Following his guilty plea, Cohen-Pavon’s sentencing was set for Dec. 11, 2024. The former executive was indicted in July 2024 while federal prosecutors charged Celsius founder Alex Mashinshky with fraud and conspiracy.  Attorneys from the Justice Department alleged that Mashinsky conspired with Cohen-Pavon to artificially inflate CEL’s price and mislead investors. Prosecutors also said the ex-Celsius boss defrauded customers and lied about the company’s finances. You might also like: US DOJ freezes Alex Mashinsky’s assets in Celsius case A report from an independent court-appointed exami...

Cryptocurrencies like tron (TRX), optimism (OP), and tradecurve (TCRV) have been making waves with significant price increases. This article will provide an in-depth analysis of tron’s price trends, the latest developments in Optimism, and the growth of Tradecurve.  >>Buy TCRV tokens now<< Tron is in green TRX, the native currency of Tron, the blockchain-based platform focused on decentralized applications and content sharing, is bullish. Over the past two weeks, TRX has maintained an upward trajectory, rallying over 6.7%. You might also like: Bitcoin price slips after Fed decision, ethereum price at a critical turning point, Tradecurve bullish Tron recently announced that its network has been processing 10.2 million transactions daily for the past three days. This announcement is significant due to the recent market events that have caused an increase in cryptocurrency activity. TRX is trading at $0.07256 with a market cap of $6.5b, a jump of 1.02%...

Bitcoin may have tagged new yearly highs, but BTC price performance still needs to prove itself with a range breakout, traders argue. Bitcoin (BTC) consolidated near $31,000 on July 14 after a classic short squeeze sparked new yearly highs. BTC/USD 1-day chart. Source: TradingView BTC liquidates $50 million shorts in new squeeze Data from Cointelegraph Markets Pro and TradingView showed BTC price movements returning to cement support after rapid gains the day prior. Already tipped for a trip higher, Bitcoin reacted instantly to news that a United States judge had supported the idea that altcoin XRP (XRP) was not a security. This was taken by markets as a blow to regulator the Securities and Exchange Commission (SEC), which in recent months had sought to label altcoins as securities en masse. XRP/USD immediately spiked by over 100%, almost touching the $1 mark before returning to trade near $0.80 at the time of writing. The last time that such levels formed part of the chart was in Ap...

A serious watershed is on the horizon for BTC price, as Bitcoin shorters show signs of betting on a short-term trend turnaround. Bitcoin (BTC) denied the market fresh volatility at the June 23 Wall Street open as traders attempted to guess its next targets. BTC/USD 1-hour chart. Source: TradingView Bitcoin lacks "strong confirmation" of new upside Data from Cointelegraph Markets Pro and TradingView showed BTC price action continuing to hover around $30,000. A second day of sideways trading thus greeted market participants as prior upside stalled close to the yearly high at $31,000. Popular trader Daan Crypto Trades suggested that this area represented a popular invalidation point for those shorting BTC after its recent upside. “Most of the shorts that entered during this consolidation will likely have their stops sitting above that local high at ~$30.8K,” part of a tweet read on the day. “This makes for an excellent liquidity grab. Line in the sand is the $29.8K region ...

Ethereum Foundation's previous big sale of ETH preceded a bear market, but there's little evidence that such sales affect the general market trend. On May 6, Ethereum Foundation transferred nearly $30 million in Ether (ETH) to the Kraken cryptocurrency exchange, causing jitters in the market about a potential selloff event. ETH price fell 4.8% to $1,900 on the day, but the decline has been negligible so far amid a wider recovery trend. ETH price holding key support Ether's price recovered modestly to $1,920 on May 7 after testing its 50-day exponential moving average (50-day EMA; the red wave) near $1,850 as support a day ago. Moreover, the price volatility dropped on Kraken in the said period, per the contracting Bollinger Bands Width in the chart below. That further shows traders' calm amid the Ethereum Foundation transfer. Notably, the 50-day EMA has capped Ether's downside attempts so far in 2023, barring the early March selloff that saw the price briefly fal...