Friday 19 August 2022
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Sean Patterson

Bitcoin Bullish Signal: Whale Exchange Inflows Remain Down

On-chain data shows the Bitcoin whale exchange inflows have remained down after hitting a local peak a while back, a sign that could prove to be bullish for the price of the crypto. Bitcoin Whales Aren’t Sending Many Coins To Exchanges Right Now As pointed out by an analyst in a CryptoQuant post, the BTC inflows made a peak recently and have remained down since, a signal that the bottom may be in for the coin. The “all exchanges inflow” is an indicator that measures the total amount of Bitcoin being transferred to wallets of all centralized exchanges. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! When the value of this metric is elevated, it means a large number of deposits are being made on exchanges right now. Since investors usually send their coins to exchanges for selling purposes, such values of the indicator can be bearish for the price of BTC. Related Reading: This On-Chain Indicator Suggests Bitcoin Still Onl..

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Optimism Price Bloats 25% – OP Seen Ballooning In Coming Days

Optimism price registered a spike of 25% after its opening at $1.9890. The OP/USD pair currently trades at $1.9510, with a high of $2.2150 and a low of $1.9390. The current price movement of Optimism is going with the flow as far as the Ethereum layer-2 protocol is concerned. It makes use of rollups that enable quicker and low-cost Ethereum transactions. OP Labs of Optimism protocol has announced this week that the planned update will happen this quarter 4 of 2022. And when that happens, this will be a game-changer. Early Friday, OP has spiked by 11.43% and the sentiments show that it will escalate further. But, the coin was not able to keep up and dropped by 1.59% overnight. As the demand for Optimism increases, the coin’s bullish recovery also continues. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! The value of OP has risen to $2.2 which is the highest it has been since June 1, 2022. At present, the coin is now valu..

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Shiba Inu Displays Surprising Price Movement – Can SHIB Ditch The Flatline?

Shiba Inu (SHIB) is full of surprises up its sleeve. The top dog meme coin’s latest price rally was impressive as the coin was able to showcase the lowest level of daily volatility as seen in the entire crypto trading history. As of this writing, SHIB is up by 2.66% or at $0.00001217. According to the daily chart, SHIB has been consistently darting on a straight line seen in the past few days. In fact, the dog meme coin’s price hasn’t moved a bit for a straight week, which is bizarre especially for a volatile asset such as SHIB. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! Chart: TradingView.com Related Reading: SOL Loses $40 After The Exploit – What’s The Next Support? Shiba Inu On A Flatline? It’s uncertain why Shiba Inu has been showing a flatline or sluggishness in performance – but there are some talks coming from investors and traders that the volatility issues of SHIB seems to have cropped up from the decline..

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What Is FLOW Blockchain And Why Is The Price Up 100% In The Last 24 Hours?

Anyone looking at the charts will have seen FLOW due to the incredible rally that its price has been on. The digital asset has gone from being in the shadows to be on the radar of crypto investors after growing more than 100% in a single. However, lesser known is the reason behind this rally. In this article, we take a look at FLOW and what has triggered such an increase in price over the past day. Meta News Is The Catalyst On Thursday, news broke that Meta (formerly known as Facebook) was moving forward with its NFT plans. It was implementing an NFT feature for its sister platform Instagram across 100 countries. The platform had been going deep into the metaverse and NFT space, and the announcement did not shock the market. However, the long-time coming news came with a new player that had previously not been named in the plan. Related Reading: Why Bitcoin Investors Should Pay Attention To The Macro Environment Naturally, as NFTs need a blockchain to run on, Meta had to announce the..

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TA – Apecoin Price Rallies Ahead Of The $10 Mark

The price of Apecoin (APE) shows strength after bouncing from a weekly low of $3.10 against Tether (USDT). APE price has seen a relief bounce, with Bitcoin (BTC) rallying from a daily low of $19100 to a region of $23,000. (Data feeds from Binance) Related Reading: Are Higher Lows A Sign of a Growing Bitcoin Bull Run? Price Analysis Of APE On The Weekly Chart Weekly Price Chart Analysis For Ape | Source: APEUSDT On Tradingview.com From the chart, the price of APE saw a weekly low of around $3.10, which has formed support. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! The price has built more momentum as it faces resistance at $10. With a break above the $10 mark, the price of APE would rally to $12. If the price of APE on the weekly chart fails to break the $10 mark, then a retest is bound at $6.7. BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Get 110 USDT Futures Bonus for FREE! The volu..

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Bitcoin Whales Turn Bearish?, What’s In Store For BTC Over The Weekend

Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games. Bitcoin has been moving back and forth along the line between $22,500 and $23,500 with bears increasing their efforts over today’s trading session. The cryptocurrency has seen an increase in selling pressure from BTC whales. Related Reading: This On-Chain Indicator Suggests Bitcoin Still Only 1/3rd Into Bear Market At the time of writing, Bitcoin (BTC) trades at $22,900 with a 2% profit in the last 24 hours and a 4% loss over the past week. In the top 10 by market cap, BTC is lagging while Ethereum, Binance Coin, Cardano, and Polkadot managed to remain in the green with profits over these periods. BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview Data from Material Indicators, shared by a pseudonym user, signaled a shift in market dynamics for low timeframes. As seen below, Bitcoin investors with s..

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This On-Chain Indicator Suggests Bitcoin Still Only 1/3rd Into Bear Market

The Bitcoin long-term holder SOPR may suggest that the crypto has still only gone one-third of the way through the latest bear market. Bitcoin 20-day SMA Long-Term Holder SOPR Has Only Been 86 Days Into Bottoming Zone As pointed out by an analyst in a CryptoQuant post, the crypto is still only 1/3rd of the way into the 260 days average historical bottoming period. The relevant indicator here is the “Spent Output Profit Ratio” (or SOPR in brief), which tells us about whether the average Bitcoin investor is selling at a profit or at a loss right now. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! The metric works by looking at the history of each coin being sold on the chain to see what price it was last moved at. If this previous selling price was less than the latest BTC value, then the coin has just been sold at a profit. While if the last value was more than the current one, then that particular coin realized some los..

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The 3 Best Bitcoin Wallets For Crypto Gambling 2022

Cryptocurrency betting has been on the rise in the past few years and it is currently one of the most popular ways to gamble online. There are a lot of reasons to try it out yourself – better house edges, extra bonuses, and the ability to bet with your favorite cryptocurrency and support the ecosystem. Some of the best Bitcoin casinos also offer unique games like Crash and Plinko, which you won’t find elsewhere. If you’re looking to get started with crypto gambling, the first step is to choose a Bitcoin wallet. But where do you go? In this article, we’ll show you the three best Bitcoin wallets for gambling in 2022. First, let’s get one thing straight: 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now! What Makes a Good Crypto Gambling Wallet? When it comes to gambling with Bitcoin, there are a few key factors you need to look for in a wallet. First and foremost, the wallet needs to be safe. This means that it uses strong s..

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Polkadot Sets Sight On $9 As It Claims The 10th Spot On Crypto Top 10

Polkadot has been one of the breakout stars of 2022. The cryptocurrency has managed to thrive in a market where most digital assets are taking a beating and losing value rapidly. With its breach of $8, the cryptocurrency has taken another step as it cements its position as one of the largest contenders in the space, dethroning the beloved Dogecoin in the process. Polkadot Takes 10th Place Meme coin Dogecoin has been able to maintain its position in the crypto top 10 by market cap over the last couple of weeks. However, this changed this week with the recent Polkadot rally. The digital asset had more than 7% in the last seven days to bring its trading price higher than $8.5, and this pushed its already impressive market cap over the $9.4 billion mark. Related Reading: Here’s What Bitcoin Institutional Inflows Says About The Month Of July The result of this was that the market cap of DOT surpassed that of Dogecoin. Polkadot is now ranked as the 10th largest cryptocurrency by market cap..

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Bitcoin Sends Mixed Signals At $23,000, Capped Upside Potential?

Bitcoin keeps on moving sideways as the weekend approaches and, with less trading volume on exchange platforms, the cryptocurrency hints at potential losses. BTC’s price has surrendered the gains from the past week but has been able to hold to its current levels as critical support. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10 At the time of writing, Bitcoin (BTC) trades at $23,000 with sideways movement over the past 24 hours and a 3% loss over the past week. The first cryptocurrency by market cap has been severely outperformed by Binance Coin (BNB) and Polkadot as risk appetite seems to return to the crypto market. BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview In a recent report, trading firm QCP Capital reiterates its position: BTC’s price upside potential will remain capped after a bullish response to last week’s macro-economic events. The firm expects Bitcoin and Ethereum to move sideways during the coming weeks with potential shor..

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