Bitcoin traders want to convert the $36,000 level to support, but will failure to do this kick off a market-wide correction?
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Price analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC
Bitcoin’s (BTC) rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode analysis, the Long-Term Holder metric, which are addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coins for less than 155 days, supply is near an all-time low, indicating tightening Bitcoin supply.
Although the long-term looks positive, there could be fireworks in the short term. Bitcoin derivatives markets have seen a huge build-up of open interest, rising above $16 billion at the time of writing, per CoinGlass data. J. A. Maartunn, a contributor to on-chain analytics platform CryptoQuant, highlighted on X (previously Twitter) that increases in open interest above $12.2 billion have previously resulted in a minimum dip of 20%.
Daily cryptocurrency market performance. Source: Coin360While Bitcoin risks a decline in the near term, traders have started accumulating select altcoins. That has resulted in solid rallies in several altcoins, which have broken out of long basing patterns and are showing signs of starting a new uptrend. Altcoins may witness bouts of profit-booking but are likely to remain in focus as long as Bitcoin does not crumble below $30,000.
What are the critical support levels in Bitcoin that need to hold for the uptrend to continue? Will the altcoin rally sustIain, or is it time to book profits?
Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Price analysis 11/8: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC
Bitcoin traders want to convert the $36,000 level to support, but will failure to do this kick off a market-wide correction?
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Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Two years after John McAfee’s death, widow Janice tells Magazine she’s penniless and can’t move on until his autopsy records are released.
Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Janice McAfee, the widow of tech impresario John McAfee, is still in the midst of grief. She is doing “odd jobs to feed herself,” has run out of funds, and still doesn’t know what really happened to her husband.
Since the death of crypto guru and antivirus pioneer husband John McAfee in a Barcelona prison more than two years ago, she has remained in Spain in an undisclosed location and has only been saved from homelessness by the kindness of friends.
She can’t move on because she still doesn’t know what happened to her husband in spite of a September ruling this year from a Catalan court that John McAfee died by suicide and the case was effectively closed.
Photos of John and Janice from her personal collection. (Supplied)Photos of John and Janice from her personal collection.(Supplied)Photos of John and Janice from her personal collection. (Supplied)In an exclusive Zoom interview with Magazine, she explained her current situation.
“For more than two years, I’ve not only had to deal with the tragedy of John’s death, but it’s so hard to move on because the authorities refuse to release the autopsy of his death. I have tried and tried, but they will not let me see it.
Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Janice McAfee, the widow of tech impresario John McAfee, is still in the midst of grief. She is doing “odd jobs to feed herself,” has run out of funds, and still doesn’t know what really happened to her husband.
Since the death of crypto guru and antivirus pioneer husband John McAfee in a Barcelona prison more than two years ago, she has remained in Spain in an undisclosed location and has only been saved from homelessness by the kindness of friends.
She can’t move on because she still doesn’t know what happened to her husband in spite of a September ruling this year from a Catalan court that John McAfee died by suicide and the case was effectively closed.
Photos of John and Janice from her personal collection. (Supplied)Photos of John and Janice from her personal collection.(Supplied)Photos of John and Janice from her personal collection. (Supplied)In an exclusive Zoom interview with Magazine, she explained her current situation.
“For more than two years, I’ve not only had to deal with the tragedy of John’s death, but it’s so hard to move on because the authorities refuse to release the autopsy of his death. I have tried and tried, but they will not let me see it.
Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Two years after John McAfee’s death, widow Janice tells Magazine she’s penniless and can’t move on until his autopsy records are released.
Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Two years after John McAfee’s death, widow Janice tells Magazine she’s penniless and can’t move on until his autopsy records are released.
Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Two years after John McAfee’s death, widow Janice tells Magazine she’s penniless and can’t move on until his autopsy records are released.
Exclusive: 2 years after John McAfee’s death, widow Janice is broke and needs answers
Janice McAfee, the widow of tech impresario John McAfee, is still in the midst of grief. She is doing “odd jobs to feed herself,” has run out of funds, and still doesn’t know what really happened to her husband.
Since the death of crypto guru and antivirus pioneer husband John McAfee in a Barcelona prison more than two years ago, she has remained in Spain in an undisclosed location and has only been saved from homelessness by the kindness of friends.
She can’t move on because she still doesn’t know what happened to her husband in spite of a September ruling this year from a Catalan court that John McAfee died by suicide and the case was effectively closed.
Photos of John and Janice from her personal collection. (Supplied)Photos of John and Janice from her personal collection.(Supplied)Photos of John and Janice from her personal collection. (Supplied)In an exclusive Zoom interview with Magazine, she explained her current situation.
“For more than two years, I’ve not only had to deal with the tragedy of John’s death, but it’s so hard to move on because the authorities refuse to release the autopsy of his death. I have tried and tried, but they will not let me see it.
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Blockchain game Illuvium goes mainstream with looming Epic Games Store listing
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Toncoin (TON) price skyrockets to 11-month high after Telegram launches 'Giveaways'
Toncoin (TON) price reached its highest levels in almost a year as crypto traders assessed a slew of optimistic updates in its market, including the recent launch of "Giveaways" on Telegram.
In result, TON is now the tenth-biggest cryptocurrency with a market capitalization of over $9 billion — its highest ever.
Telegram CEO buys $200K of TON
On Nov. 6, Telegram announced Giveaways, a feature that enables channel owners to randomly distribute prizes among their followers.
A day later, Pavel Durov, the CEO of Telegram, used $200,000 worth of TON tokens to pay for Telegram Premium subscriptions for 10,000 Telegram users.
Pavel Durov's announcement of Toncoin giveaways. Source: Du Rove's ChannelNotably, Durov used TON as a payment method within the Giveaways feature, at least for this specific case.
EU banking watchdog proposes liquidity rules for stablecoin issuers
The proposed guidelines are currently in the public consultation phase for the next three months, and if approved, it will come into effect starting in June 2024.
EU banking watchdog proposes liquidity rules for stablecoin issuers
The proposed guidelines are currently in the public consultation phase for the next three months, and if approved, it will come into effect starting in June 2024.
EU banking watchdog proposes liquidity rules for stablecoin issuers
The proposed guidelines are currently in the public consultation phase for the next three months and, if approved, will come into effect starting in June 2024.