Wednesday, December 18, 2024
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Bitcoin metric that ‘looks into future’ eyes $48K BTC price around ETF

Bitcoin (BTC) may cruise to nearly $50,000 as the United States okays the first spot BTC exchange-traded fund (ETF).As flagged by popular analyst CryptoCon, the Ichimoku Cloud indicator is counting down to upside BTC price continuation.Analysis: $43,000 BTC price is “most conservative level”Bitcoin is in a rare position on weekly

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Pancakeswap implements new ‘Gauges’ voting system and sunsets vCAKE metric

Decentralized crypto exchange Pancakeswap has implemented a new voting system called “Gauges,” and has sunsetted its vCAKE metric, replacing it with a new metric called “veCAKE.”Your CAKE, Your VoiceIntroducing Gauges Voting and veCAKEMore governance power Control CAKE emissions Deeper liquidity Vote Incentiveshttps://t.co/doaCruwMV6 pic.twitter.com/GxHGHdIG4J— PancakeSwapEveryone's Favorite DEX (@PancakeSwap) November 22, 2023 The system

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Rethinking Bitcoin ‘dominance’ at 51% — A misleading metric?

Bitcoin's (BTC) market dominance has traditionally been viewed as a key indicator of its market strength. Currently, the metric is at a multi-year high above 51%. Bitcoin dominance. Source: Coinmarketcap.comHowever, a closer analysis suggests that the concept of "Bitcoin dominance" might not be as informative as it seems, especially when considering

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Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning

Bitcoin (BTC) is at 17-month highs with just 164 days until the next Bitcoin halving event, alongside anticipation of a spot Bitcoin exchange-traded fund (ETF) approval in the coming months.Yet, amid Bitcoin’s 106.38% year-to-date gains, the stablecoin supply rate oscillator (SSRO) has raised a major flag despite suggesting the beginning of a new bull

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