The $4.5 area was identified as an area of demand for The Sandbox. However, the price was rejected at a crucial level and has been dropping steadily down the charts in the past couple of weeks. The momentum was strongly bearish, and a drop toward the $3.29 level was likely. A retest of the $4-$4.5 […]

Cryptocurrencies have been declared haram by the Tarjih Council and the Central Executive Tajdid of Muhammadiyah. The Islamic group claimed that cryptocurrencies violated Islamic law on two counts. It would be the third time an Islamic organization has spoken out against the industry, which shows no signs of slowing down in Indonesia. An Islamic group […]

Oil Energy traders were not surprised to see the oil price rally slow down.  WTI crude fell after a surprise build with US stockpiles and following a bloodbath on Wall Street that sent risky assets into freefall. Crude prices may not have a one-way ticket to $100 oil, but the supply-side fundamentals certainly support that […]

On Thursday (January 20), Charles Hoskinson, Co-Founder and CEO of Input Output Global (IOG), the blockchain technology responsible for Cardano’s R&D, celebrated the mainnet launch of SundaeSwap, which calls itself “the sweetest decentralized exchange on Cardano”. What Is SundaeSwap ($SUNDAE)? SundaeSwap is “a native, scalable decentralized exchange and automated liquidity provision protocol”. It is backed […]

An altcoin powering a protocol to improve traditional application programming interface (API) technology for the Web 3.0 economy is buzzing after a sudden listing by top crypto exchange Binance. In a new blog post, Binance says that the Ethereum token API3 (API3) will be available in the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) […]

The post Chainlink (LINK) Competitor Rallies After Earning Support From Top Crypto Exchange Binance appeared first on The Daily Hodl.

ETH price has been in a downtrend for 3 months, and derivatives data shows pro traders are almost ready to throw in the towel.

Despite the recent fearful market, Bitcoin hodlers show diamond hands as coins aged 12-18 months touch a 2-year high. Coins Matured To 12-18 Months Revisit A High Not Seen Since 2 Years As pointed out by an analyst in a CryptoQuant post, BTC hodlers have held strong recently as coins aged 12-18 months have seen a sharp spike recently. The relevant on-chain indicator here is the Bitcoin Sum Coin Age (SCA) Distribution that shows the distribution of coins among the different holders in the market. The metric works by looking at each coin on the chain and measuring how many days it has been since it was last moved. Based on the age, these coins are put into different categories. For instance, if a coin has been sitting still since 12-18 months ago, it is included in the 12-18 months holder group. When the distribution of the long-term holders goes up, it means accumulation has been strong recently. Such a trend has usually been bullish for the price of Bitcoin as it shows a large number of holders refuse to sell at the current levels. On the other hand, when coins belonging to short-term holders move up, it means some long-term holders have decided to sell. This trend may be bearish for the price of the crypto. Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think? Now, here is a chart that shows the trend in the supply of coins that have matured to 12-18 months (one of the long-term holder groups): Looks like the value of the indicator has shot up recently | Source: CryptoQuant As you can see in the above graph, the coins aged 12-18 months have sharply rose recently, reaching a 2-year high. The highlighted region in the chart is around when these holders bought these coins. This means that these Bitcoin holders have now held strong through multiple all-time highs, the mini-bear period between May-July, as well as the recent fearful market. Related Reading | Bitcoin Implied Volatility Plummets To Pre-Bull Market Levels: What This Means Hodlers showing such diamond hands behavior can prove to be quite bullish for the price of the coin in the long term. Bitcoin Price Earlier today, Bitcoin’s price crashed below $40k, touching as low as $38k. Since then, the coin hasn’t recovered much yet. At the time of writing the crypto’s price floats around $38.8k, down 7% in the last seven days. Over the past month, the coin has lost 17% in value. The below chart shows the trend in the price of BTC over the last five days. After weeks of consolidation, BTC's price seems to have finally crashed below the $40k level | Source: BTCUSD on TradingView Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com

Casper Labs becomes the blockchain of choice for Fuzhou town in China as it is building an open-permissioned blockchain protocol and will be a service provider to the China blockchain-based service network so let’s read more in today’s Blockchain news. Casper Labs becomes the blockchain of choice for the China Blockchain Service Network. Through the […]

The post This is Why NFTs are Highly Volatile, Popular Tokens Tremble Down Heavily With Double-Digit Loss! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

The NFTs quickly gained mainstream attention within a very short time during the recent NFT boom. And quickly the space extended from just a few coins to nearly 500 tokens at the press time. Among them the popular token which ignited the NFT bull run are now down with a huge loss. Therefore showcasing the …

Ransomware has become the biggest threat to online security, affecting all industries connected to the internet – from supply chains, to healthcare institutions. Therefore, a critical part of Binance’s commitment to ensuring the secure and sustainable growth of the global crypto ecosystem involves fighting different strains of ransomware and fraud. Earlier this year we released a […]

The post Binance Helps Take Down Cybercriminal Ring Laundering $500 Million in Ransomware Attacks appeared first on The Daily Hodl.

Investors in need of a lift Earnings season is off to a rocky start and not only are investors not comforted by what they’re seeing, but it’s also contributing to the unease in the markets. The next week will be huge after an awful start to the year that’s brought inflation and interest rate anxiety, […]

The Mozilla Foundation announced on Twitter on New Year’s Eve that it was going to be accepting crypto donations. However, this decision has since come under fire by one of the firm’s co-founders, and it looks like Mozilla is rescinding the decision. Mozilla Foundations Rejects Crypto Jamie Zawinski – one of the people involved in...

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