Here are the top three news stories over the past weekend presented to you by U.Today
Is it over for this Bitcoin bull run? This ominous indicator suggests so
In a recent post on X, dated April 14, 2021, well-known trader Josh Olszewicz warned that Bitcoin may be gearing up for another bearish turn. He provided a 1-day Bitcoin chart with five distinct lines, two of which form a cloud (which can be red or green). The blue line, also known as the “conversion line” or “Tenkan line,” represents the average price over the last nine periods. The red line, referred to as the “base line” or “Kijun line,” shows the midpoint price of the preceding 26 periods. If Bitcoin’s price dips below the Kijun line, it could indicate a bearish trend. Olszewicz noted that this is the first time Bitcoin has touched the Kijun line since its early June breakout. Although Bitcoin’s price may still bounce back, the trader believes the previous “triple top” pattern implies a potential reversal to a downtrend. Currently, Bitcoin is being traded at $64,328 on CoinMarketCap.
Shiba Inu‘s Shibarium witnesses epic key metric growth
According to Shibariumscan’s data, Shiba Inu’s layer-2 solution, Shibarium, experienced a significant surge in activity over the weekend. The number of daily transactions jumped from 288,690 on Friday, April 12, to 347,460 on Saturday, April 13. At the time of writing, this figure had risen even further to 419,520. This notable increase in transaction volume suggests a substantial shift within the Shiba Inu network and fuels enthusiasm among its supporters. Moreover, the uptick in transactions coincided with a considerable rise in the number of active accounts on the network. Between April 12 and April 13, the number of active accounts grew by over 200%, reaching 14,321. Additionally, new account registrations saw a substantial increase of 173% to reach 9,439.
324 million Dogecoin change hands anonymously amid 19.4% DOGE crash
Based on Whale Alert information, Robinhood experienced a withdrawal of approximately 500 million Dogecoin on April 13. This event occurred concurrently with DOGE‘s 19% price decrease, leading market observers to speculate that unidentified “whales” had taken advantage of the dip. Whale Alert documented three significant transactions involving 150,000,000, 100,000,000, and 74,024,901 DOGE. The smallest amount of Dogecoin was transferred into Robinhood, while the substantial sums were withdrawn from it. The 74 million DOGE sent to Robinhood may have been saved for future use or sold. At that time, the largest Dogecoin transaction, worth 324 million DOGE, was equivalent to $49.9 million in traditional currency.
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2024-04-15 19:52