Cryptocurrency News Today TheBitTimes.com

A Ripple-related account has recently transferred over 50 million XRP to cryptocurrency exchange s, indicating a significant sell-off.  On May 1, Ripple released 1 billion XRP from its initial distribution, with the tokens locked in monthly escrows until 2027. The company sent 200 million XRP to its treasury account and locked the remaining 800 million in new escrows. After receiving the 150 million XRP this month, Ripple’s destination account rP4X2…sKxv3 distributed some tokens to different unlabeled accounts. Picks for you We asked ChatGPT-4o what will be SOL price if a Solana ETF is approved: Here’s what is said 2 hours ago Short squeeze alert: Bitcoin short-sellers could fuel another rally 2 hours ago ...

Bitcoin (BTC) has garnered unprecedented attention from the crypto community recently, more so than is typically the case. The world’s foremost cryptocurrency recently saw the approval of the very first spot BTC exchange-traded funds (ETFs) in January, has been leading a multi-stage crypto market rally since October 2023, and is bound for its halving event in two months’ time. On top of these, the last few weeks saw Bitcoin surge and, despite a brief decline in the wake of the latest CPI report, cross above $1 trillion in market cap and above $52,000 per coin. Such a sudden rise caused many to wonder if the cryptocurrency can continue climbing to the halving itself – an event that historically saw massive increases in Bitcoin’s price – or if a correction, perhaps to as low as $36,000, is inbound. Picked for you R. Kiyosaki predicts ‘gold is going to crash below $1,200’ 1 hour ago XRP attracts over $1 billion in bullish daily sprint 1 hour ago How m...

Recent events in the cryptocurrency market completely shifted sentiment from neutral to bullish. The SEC finally approved Bitcoin spot ETFs, igniting a bull rally for most cryptocurrencies. In this occurrence, traders closed millions of dollars worth of short positions, reducing the likelihood of short squeeze s. Nevertheless, it is still possible to find small liquidity pools in the market, which can quickly become market makers’ targets. By opening a short position, traders create liquidity pools upwards, due to stop losses and pre-defined margin call prices. Essentially, if the cryptocurrency reaches these prices, the positions are closed or liquidated, skyrocket ing the price on further liquidity pools. This is what is called a short squeeze . In particular, Dogecoin (DOGE) and BNB Chain (BNB) still have some liquidity at higher price levels despite their low volume. Finbold used data from CoinGlass , retrieved on January 11. Short squeeze alert for Dogecoin (DOGE) ...

Previous rug pull survivor and anonymous blockchain sleuth ZachXBT shared an alert on Nov. 14 of a possible exit scam for Lendora Protocol, a decentralized lending platform on Scroll. As part of the warning, ZachXBT urges users to withdraw their assets from the protocol immediately. A look into Lendora The investigation revealed that approximately $83,000 received by the Lendora Team multisig is linked to the Kokomo exit scam, raising suspicions about the legitimacy of the project. At the same time, other users of the Lendora Protocol were found to have connections to both the Kokomo and Bass Exchange exit scams. Update: The website is now offline and they paused the contracts pic.twitter.com/uWmsi73C44 — ZachXBT (@zachxbt) November 14, 2023 Furthermore, it has been discovered that the same bottom-tier security firm, Vital Block, was employed for both the Lendora Magnate scam and their previous project, Magnate. This group, responsible for various scams, including Solfire...

Using proprietary indicators, Cointelegraph Markets Pro crunches real-time data to inform traders before the market moves. Navigating the ever-volatile terrain of the crypto market remains one of the most difficult jobs for traders — but much less so for members of the Cointelegraph Markets Pro community.  With an institutional-grade crypto intelligence platform at their service, Cointelegraph Markets Pro subscribers have been able to spot significant price movements for crypto assets before the market moves on a regular basis. This prescient ability is actually the working of Cointelegraph Market Pro’s algorithmic tools, which are designed to spot coins showing historically similar signs to coins that have moved significantly in the past. Last week, Cointelegraph Markets Pro alerts by the Newsquakes, Twitter Volume and On-Chain Activity indicators led Markets Pro members to opportunities to make 65% gains with just three trades! OAX (OAX) — 39% increase Most Active On-Chain activity ...