Australia’s securities watchdog has charged the former CEO of defunct crypto exchange Mine Digital for defrauding an investor of $1.47 million. The Australian Securities and Investments Commission has charged Grant Colthup with one count of fraud after a customer of…
crypto.news 2024-10-22 10:06
A trader who rode the 2023 crypto breakout believes Bitcoin (BTC) is now poised to soar to as high as $100,000. In a new video update, pseudonymous analyst DonAlt tells his 62,400 YouTube subscribers that Bitcoin looks set to end its multi-month consolidation phase that started in March. But DonAlt warns that Bitcoin will likely The post Top Trader Predicts Bitcoin Breakout to $100,000 Following Months of Consolidation – But There’s a Big Catch appeared first on The Daily Hodl .
The Daily Hodl 2024-10-22 10:04
Fantom (FTM) registered a remarkable performance over the past 24 hours, attempting to break above a crucial horizontal level. Some market watchers forecasted a 345% surge before the year’s end but set the key levels to reclaim before FTM’s new all-time high (ATH). Related Reading: 7 Reasons To Be Bullish On Bitcoin This Week Fantom Breaks Out Of Downtrend As Sunday ended, Fantom’s price jumped 8.2% toward a crucial resistance level not seen in four months. The cryptocurrency neared the $0.8 mark for the second time in the last seven days, fueling a bullish sentiment among investors. FTM has registered a 46.6% increase in the past three months, recovering from Q3’s market crashes and challenging June’s price action. June’s horizontal resistance marks the first crucial level for the cryptocurrency, as it was a strong support area during Q1 and Q2. Moreover, Fantom has been on a 7-month downtrend since its yearly high of $0.97, currently sitting 23% below it. Market analyst AMCrypto suggested that the cryptocurrency’s downtrend “is now over.” The analyst noted that the token broke above the trendline after surging above the $0.74 resistance level and testing it as support over the last week. However, he highlighted the similarities between FTM’s chart today and before Q1’s rally. Fantom rose two times to the upper range of its accumulation zone and retraced before its run toward its yearly high. To AMCrypto, FTM could see a final correction toward the $0.70-$0.72 range before rallying 35% toward “$1 and above.” Similarly, crypto investor Rager commented on FTM’s chart strength. To the investor, the token “gives the Solana 2023 pump-like vibes,” suggesting it will “play catch up for the major chains over the next three months.” FTM’s Price Targets $3 Analyst Altcoin Sherpa shared his thoughts on the token’s future performance. Sherpa considers that Fantom will continue “to grind higher” if Bitcoin’s price remains stable. BTC’s movements have affected FTM’s price, losing support losing its support whenever the flagship crypto drops. However, Fantom has managed to hold above the recently reclaimed $0.74 mark as Bitcoin dropped 2.2% to the $67,000 support zone on Monday morning. The cryptocurrency must regain the $0.75 mark to continue building on its bullish momentum and reclaim the $0.8 resistance. Turning this level into support targets a potential rise above $3. Meanwhile, other market watchers suggested that FTM will hit a new ATH before its token migration. As reported by NewsBTC, Fantom is set to transition to the Sonic Network between November and December of this year. Related Reading: Long-Silent Bitcoin Whale Resurfaces After 10 Years As BTC Price Soars The transition will see FTM migrating to Sonic’s native token, S, offering a 1:1 conversion ratio for FTM holders. The new cryptocurrency will have a 3.175 billion token supply like Fantom but will mint an additional 190.5 million tokens, worth 6% of the supply, six months after its launch. Fantom trades at $0.746, a 0.4% surge in the daily timeframe at the time of writing. Featured Image from Unsplash.com, Chart from TradingView.com
NewsBTC 2024-10-22 10:00
The chat-themed token has emerged as one of the top gainers of the day.
AMB Crypto 2024-10-22 10:00
Coinscribble by Coinbound – Freedom Factory proudly unveils the dGEN1, a groundbreaking onchain EDC designed to make
The Bitcoin Voter PAC, backed by crypto mining industry leaders, launched an ad campaign endorsing Texas Senator Ted Cruz.
Coinpaper 2024-10-22 10:00
Pepe Election could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Election (PEPEELEC), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPEELEC is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Election can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
CryptoIntelligence 2024-10-22 09:59
The post Bitcoin Price Prediction: Crucial Indicator in Red Signals Potential Drop to $60,000 appeared first on Coinpedia Fintech News Bitcoin is currently poised for a retest after recently breaking out, signaling a potential turning point, according to analyst Josh of Crypto World. The recent breakout shows major market movement, but the immediate focus is on whether Bitcoin can hold above key support levels. Currently, the price is testing the breakout area, which is crucial …
coinpedia 2024-10-22 09:56
Spot Bitcoin exchange-traded funds recorded $294.29 million in net inflows on Oct. 22 even as Bitcoin’s price fell below $67,000. On Oct. 22, Bitcoin saw a price drop of 3.25%, falling from an intraday high of $69,227 to a low…
crypto.news 2024-10-22 09:53
Komainu, a crypto custodian provider backed by Nomura Group, completed their first acquisition by buying Singaporean rival custodian Propine Holdings. According to an Oct. 22 Bloomberg report, Japanese Nomura-backed crypto custodian firm Komainu’s Propine purchase is still awaiting approval from…
nft.news 2024-10-22 09:51
The post US Crypto Regulation Stalls, CFTC Chair Calls for Action Ahead of Election appeared first on Coinpedia Fintech News On November 5, the United States is set to witness a crucial presidential election, in which Republican candidate Donald Trump will compete against Democratic candidate Kamala Harris to win the most powerful chair in the White House. The entire crypto community is closely watching the US political landscape. They are very eager to know how …
coinpedia 2024-10-22 09:48
While FLOKI and BONK grab headlines, a lesser-known memecoin, DOGEN, is poised for a major surge, attracting savvy investors eager for significant gains. #partnercontent
crypto.news 2024-10-22 09:47