Author: News Room

Gold prices reached new heights on Monday, driven by a cocktail of investor anticipation for U.S. interest rate cuts and the metal’s enduring appeal as a safe-haven asset. Around 4:00 a.m. UTC on April 1, the spot gold price hit a new all-time high of $2,265.77 an ounce. Currently (as of 5:15 p.m. UTC), spot gold is trading at around $2,238.71 (up 0.25% on the day) per ounce. According to a report by CNBC, Joseph Cavatoni, a market strategist at the World Gold Council, expressed his excitement about the current market dynamics, highlighting the growing confidence among market speculators. CNBC…

Litecoin (LTC) price seemed to be doing well for itself having reclaimed the $100 level as a support. But this silver to Bitcoin’s gold will likely make an about-turn, to fall back on the daily chart due to this reason. Litecoin Price to Bow to the Bears One of the biggest advantage driving Litecoin price upward was its strong correlation with Bitcoin. Since the world’s largest cryptocurrency remained either consolidated or noted gradual recovery eventually, BTC had a stable price action, which rubbed off on LTC, too. However, LTC and BTC coordination at the time of writing is declining from…

Onchain data reveals the stablecoin giant Tether has once again bolstered its bitcoin reserves, making an addition of 8,888.88 bitcoins to its wallet as of March 31. Tether’s Bech32 address now ranks as the seventh-largest holder of bitcoin by volume. Tether’s Latest Acquisition Puts Stash at 75,354 Bitcoin Though Tether has not officially confirmed its […] Read the full article here

Dogecoin appears to be ready to move higher, but the key resistance is still holding. Below is an analysis of a few technical indicators that might provide some insights into why DOGE’s price is up today. Key Support levels: $0.13 Key Resistance levels: $0.21, $0.31 1. Pressure Building Up Sellers appear to be defiant and are still holding the price under the key resistance at 21 cents. However, the pressure is building up under this key level, and it could soon break as buyers intensify their pressure. 2. Momentum Favors Bulls Even if the bulls didn’t manage to break higher,…

SubQuery has announced its collaboration with Japan Open Chain (JOC), marking a significant milestone in Japan’s blockchain technology and data management. This partnership introduces SubQuery’s advanced data indexing solutions to the JOC ecosystem, offering a powerful tool for developers and enhancing the Japanese blockchain market into a new increased innovation and efficiency. SubQuery Advances Japan’s Crypto Infrastructure Japan Open Chain is a leading-edge blockchain platform that works perfectly with Ethereum technology, specifically designed for business use. It’s run by a group of top Japanese companies and is perfectly suited for big business projects and government use, due to its strong…

The token unlock schedule by TokenUnlocks, a digital assets aggregation platform, shows 17 cryptocurrencies with individual token unlock values greater than $10 million in April. According to data on the platform’s website, the sum of the “large-value” unlocks will exceed $1.38 billion. According to TokenUnlocks, large-value unlocks (unlocked value greater than $10 million) in April included DYDX ZETA SUI GAL APT CYBER STRK ARB APE AXS IMX PIXEL ID YGG AGIX OP PRIME with an unlocked value exceeding $1.38 Billion.https://t.co/tuQYnSlfTZ pic.twitter.com/9z4lGB2p5X — Wu Blockchain (@WuBlockchain) March 31, 2024 A tabulated schedule of the token unlock shows the exercise will begin…

As the second quarter of 2024 begins, Ethereum (ETH) investors are looking to history for clues about the potential performance of the second-largest cryptocurrency by market value. Ethereum’s price history reveals a pattern of robust Q2 gains, with an average increase of 67.19%. Crypto analyst Ali shared a screenshot of Ethereum’s quarterly returns; ETH saw massive gains of 453% and 102.25% in Q2 of 2017 and 2019, respectively. Gains for the second quarter averaged 67.19%, with a median of 15.29%. Q2 has historically been very bullish for $ETH!However, we must consider the high probability that the @SECGov will delay the…

Crypto trading volume has tumbled 75% from March’s high as frenzied trading in altcoins eased off. The slowdown raises a question about the sustainability of lofty market valuations for coins other than bitcoin and ether, Matrixport said. Daily trading volume on South Korea’s biggest cryptocurrency exchange has tumbled 75% from this year’s high in a sign that frenzied trading in alternative cryptocurrencies (altcoins) has fizzled and digital assets other than market leaders bitcoin (BTC) and ether (ETH) may struggle to maintain lofty valuations. Upbit, which lists 192 cryptocurrencies and offers trading in 309 pairs, registered just $3.79 billion of volume…

With the larger part of the cryptocurrency market going through a bullish period, many of its assets trading near their all-time highs (ATHs), Shiba Inu (SHIB) has been demonstrating strength as well, and machine learning and artificial intelligence (AI) algorithms predict more advances in the near future. As it happens, SHIB has managed to grow its price by nearly 180% since the year’s turn, much of which occurred in the last month, during which it has advanced an impressive 35%, although its more recent price action is showing signs of slowing down. Shiba Inu price prediction In terms of its…

Andrey Zverev, self-described as a smuggler for illicit Russian activities, has reportedly been leveraging Tether to carry out purchases of high-tech equipment and components for weaponry, thereby sidestepping Western-imposed sanctions. According to a report by The Wall Street Journal, Zverev acts as an intermediary for Russian entities, employing Tether for transactions involving substantial sums. For instance, he facilitated a multi-million dollar transfer from Kalashnikov Concern, Russia’s largest producer of small arms, to an electronics vendor based in Hong Kong. Communications revealed on Telegram show Zverev’s strategy of converting rubles into Tether to remit payments to overseas suppliers, primarily in China…