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A crypto analyst known for his charts says that altcoins are flashing a very bullish signal that’s been five years in the making. In a post on the social media platform X, pseudonymous analyst TechDev shares with his 535,000 followers a TOTAL3 chart, which measures the entire market cap of crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. Using three-month candles, TechDev’s Analysis suggests that TOTAL3 is currently breaking out of a massive ascending triangle that started forming in late 2020. “Macro altcoin expansion has triggered. Not seen since late 2020. But this one comes after a 4-year coil…the longest in history.” Source: TechDev/X The analyst believes that the altcoin market is trading in line with what’s known as a Livermore Accumulation Cylinder, a pattern identified by trader Jesse Livermore, a pioneer of day trading prominent in the early 1900s. Livermore Cylinders typically see price trade wit...

A widely followed crypto analyst and trader is warning that an altcoin market bounce may end up being short-lived. In a new post, pseudonymous crypto trader Altcoin Sherpa tells his 243,900 followers on the social media platform X that alts may give up gains after bouncing based on historical precedence. He also says Bitcoin (BTC) may soon flip $84,000 into support and that the flagship crypto asset could maintain bullish momentum by breaking through the $89,000 level. “BTC looks like $84,000 is the first test that is going to break (to the upside) and we’re ok in that department. $89,000 would be my next level of interest overall. Alts looking like they’ll give a temporary bounce but not sure how strong (yet). Be on guard.” Source: Altcoin Sherpa/X Looking at his chart, the analyst suggests that if Bitcoin can regain $98,703 as support, the flagship crypto asset may print new all-time highs. However, he warns if $78,167 breaks down as ...

Justin Sun’s Tron (TRX) network was making headlines yet again. The asset made a major comeback in 2024 after it witnessed a 65% uptick. TRX went from trading at a low of $0.1056 all the way to a high of $0.4407. This surge came as a much-needed respite for the altcoin. But similar to the rest of the market the asset failed to maintain this uptrend. The Tron network, in the meantime, was seen boosting its utility and rolling out developments. This further led to the community betting on TRX’s rise in March 2025. Also Read: Top 3 Cryptocurrencies To Buy If You Like Shiba Inu How Is Tron’s TRX Faring At The Moment? Source: Coin Culture Recent data revealed that TRX continued moving in the red arena even though the rest of the market was registering gains. At the time of writing, the asset was trading at $0.2283 after a 0.66% drop over the past 24 hours. The altcoin’s recent price change caused TRX to trade 47% below its all-time high. Source: CoinMarketCap The late...

Over the past 72 hours, Chainlink (LINK) has seen an uptick in whale activity, signaling a potential price surge for the token. The asset is up 27% in the past month, despite a 25% downturn in the last seven days. Recently, whales have withdrawn a massive 362,380 LINK, valued at approximately $8.19 million, from Binance, perhaps preparing for a price breakout, Chainlink’s current price action suggests that a shift in momentum could be on the horizon. The whale activity, combined with several bullish metrics, points to the possibility of a price rebound, especially if LINK can sustain its current $21 support level. Maintaining stability above this price could mean huge gains come the expected crypto surge of 2025. LINK to Boom in 2025 Following Last-Minute 2024 Whale Movements? In cryptocurrency, whale movements always create speculation about incoming price shifts. These shifts could be positive or negative, as whale movements could be buys or preparations to sell a crypto asset. For C...

Ripple’s XRP has been on a rollercoaster ride over the past couple of years. With increased scrutiny from regulators and backlash from the cryptocurrency market, the altcoin has seen it all. But XRP seems to be turning over a new chapter. Last week in particular has been abundant for the altcoin market. After breaching the $1 zone, the asset could be prepping to $2. But will it reach this level on time? Also Read: Shiba Inu: AI Predicts SHIB Price for November 30, 2024 Looking Into XRP’s Trajectory Throughout the past week, XRP has surged by over 25%. The asset went from trading at a low of $1.09 to a high of $1.62. This further restored hope in the market. But the asset encountered a massive correction as it dipped 10% on Sunday. At press time, the altcoin was finding its path to recovery as it surged by 1% over the past 24 hours. In addition, it was trading at $1.47. Source It should be noted that over the weekend, Ripple Chief Legal Officer Stuart Alderoty declared a sign...

The Ethereum (ETH) network has struggled to surpass $3,000. The altcoin has been moving sideways for months now. But it could be turning a new page as several bullish factors are coming into play. This article delves into how Ethereum can rise significantly in the coming month. Also Read: Elon Musk’s Doge Flex Sends Dogecoin Soaring Ethereum’s Current Price Level Ethereum had an eventful day, witnessing a nearly 3% uptick over the past 24 hours. At press time, the largest altcoin was trading at $2,525.35. Amidst this, the daily volume of the asset also saw a major spike of 31%, reaching $13.33 billion. This further highlights the increased activity in the ETH market. Source This sudden spike in activity could be related to rising withdrawals from cryptocurrency exchanges. Earlier today, prominent analyst Ali Martinez pointed out that over 300,000 ETH tokens were taken out of cryptocurrency exchanges over the past week, valued at a staggering $750 million. More than 300,000 #Ethere...

A widely followed analyst and trader is leaning bullish on an altcoin in the Ethereum (ETH) ecosystem while updating his outlook on three crypto assets. The trader pseudonymously known as Sherpa tells his 223,200 followers on the social media platform X that Aave (AAVE) is “still undeniably very strong” as the Ethereum-based decentralized finance (DeFi) lending platform rests below a major resistance level on the weekly time frame after a consolidation phase that has lasted years. “This thing chopped for 2+ years, it looks ready.” Source: Sherpa/X AAVE is trading at $147 at time of writing, up by around 54% over the past 30 days. Next up is Solana (SOL). According to the widely followed trader, Solana is in the process of bottoming out on the daily time frame. “I think that this grinds up from here. Not a bad swing trade as long as Bitcoin stays friendly.” Source: Sherpa/X Solana is trading at $134 at time of writing. Turning to the n...

Bitcoin surged almost 3% following the release of US inflation data, signaling optimism for a soft landing in the economy and bolstering bets on a Federal Reserve rate cut this month. The latest US Consumer Price Index (CPI) data aligned with economists’ expectations, while core inflation slightly exceeded projections. That left analysts anticipating a 25 basis point rate cut in September rather than a more aggressive 50 basis points reduction. Bitcoin Rebounds From $55K To Reclaim $57K Support In response, Bitcoin surged more than 3.1% in the past 24 hours to trade at $58,283 as of 4.33 a.m. EST, while the broader crypto market saw its market capitalization climb 2.6% to $2.05 trillion. The first higher than expectation for Core CPI in 5 months. Last time it happened, $BTC had a big dip from 70k+ to 60k. Not sure how will it impact the market this time. With this core CPI data, high chance FED will only cut 25bps on Sep 18. Currently FED is fighting the 2 wars:… pi...

Bitcoin and ETH spot ETF s have become lucrative tools for investors to explore. Following their launch, crypto enthusiasts are now hoping for the SEC to green-light other altcoin ETF s, given the roaring success of Bitcoin ETF s launched last month.  Altcoin ETFs May Soon Take Over The Market: Davis Per Lark Davis, a prominent podcaster in the space, the SEC may soon approve the launch of altcoin ETFs. Davis speculates that the crypto space can document the launch of XRP, Dogecoin, and Solana-backed ETFs in no time. He later shared that Ethereum’s potential surge to $4,000 by May 23rd is attributed to speculation surrounding the launch of ETH ETFs as the next big thing. Furthermore, he outlined how the launch of a potential ETH ETF could stimulate other altcoin ETFs to take over the space.  “What happens when we get an Ethereum ETF? What do you think the market’s going to pivot to almost immediately? That we’re going to get more altcoin ETFs.” Davis shared.   P...

The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case. Judge Martin Glenn shot down efforts to have a special shareholders class declared in the Celsius Network bankruptcy case in a court document filed on Aug. 25. The judge also declined to settle whether or not the CEL token was a security.  In a motion filed on July 25 and heard before the United States Bankruptcy Court Southern District New York on Aug. 14, investor Otis Davis asked the court to create a legal class for investors to be considered separate from Celsius Network employees and customers. Davis also requested that the court sanction the legal team representing the Unsecured Creditors Committee (UCC) over alleged failure to disclose required information. The filing further asked the court to declare CEL “not a security” in light of the recent findings in the SEC vs Ripple where, according to Davis, Judge Analisa Torres determined that XRP was not a security. R...

More than 386 million OP tokens are scheduled to be unlocked on May 31, more than doubling the total circulating supply. More than 386 million Optimism (OP) tokens — worth $587 million at current prices — are scheduled to be unlocked on May 31 as the initial vesting period for early contributors and investors comes to an end, prompting concerns about downward price pressure. The May 31 OP unlock is one of the largest scheduled unlocking events of this year. With a current total circulating supply of just 335 million OP tokens, the unlock could potentially see the circulating supply increase by more than 100%. Optimism will unlock 9% of total $OP supply tomorrow This is the 1st unlock for core contributors & investors At current token price, potential selling pressure ~$600M pic.twitter.com/g7sg1vXMkM — Token Terminal (@tokenterminal) May 29, 2023 According to analysis from token unlock research firm Unlock Calendar, there’s a reasonable chance that the Optimism unlock could crea...

Move over Bitcoin, Ordinals on Litecoin and Dogecoin have unleashed a frenzy of transactions. What began with developer Casey Rodarmor creating the Ordinals protocol to “inscribe” text and imagery on the Bitcoin (BTC) network has now made its way to Litecoin (LTC) and Dogecoin (DOGE) sending transaction volume on the two chains surging for the better part of a month.  Recent network activity on Litecoin and Dogecoin networks. Source: BitInfoCharts. On May 18, Dogecoin reached a new transaction volume record, with 1.2 million transactions in a single 24-hour period, according to data from BitInfoCharts. Similarly, on May 10, Litecoin reached its highest ever daily transaction volume with 584,000 transactions. Ordinals first arrived on Litecoin after pseudonymous Twitter user Indigo Nakamoto offered 5 LTC — worth approximately $500 at the time — to anyone who could “port” the Ordinals protocol to the Litecoin network . 5 $LTC to whoever ports this to #Litecoin #Bitcoin #Ordinals https...

The 2018 MIT professor Gary Gensler didn’t think most ICOs triggered U.S. securities laws. The crypto community is calling out the hypocrisy of Gary Gensler, the head of the United States securities regulator, after a 2018 video emerged of him stating that cryptocurrencies are on par with commodities or cash and are not securities. The video came from a “Blockchain and Money” class in the Fall Semester of 2018 taught by Gensler, a former professor at the Massachusetts Institute of Technology (MIT) before he became chair of the Securities and Exchange Commission (SEC). On the topic of initial coin offerings (ICOs), Gensler said that "three-quarters of the market are not ICOs or not what would be called securities" and named the U.S., Canadian and Taiwanese markets as the "three jurisdictions that follow something similar to the Howey Test." "Three-quarters of the market is non-securities, it's just a commodity, cash,crypto,” Gensler then said. The below cli...

Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant chunk of addresses has gone back to re-staking their ETH. Ethereum blockchain underwent a successful Shapella upgrade on April 12, making way for validators to withdraw their staked Ether (ETH) from the Beacon chain after three years. After seeing over a million ETH in withdrawals in the first week, the amount of staked ETH has now surpassed the number of ETH being withdrawn for the first time after the Shapella upgrade. Data from the on-chain analytic firm Nansen suggests that there are more ETH being staked at present than withdrawal requests. As of April 17, the ETH staking volume ETH staked 124,000 ETH exceeded the withdrawal volume of 64,800 ETH for the first time. In the last 24 hours, the amount of staked ETH was 94,968 against 27,076 in withdrawals. The first round was mostly partial withdrawals from Lido and old validators. It takes approximately three days to get into the w...

Twenty-three days after the hack, on April 4, Euler Finance announced the total possible recovery of the lost funds, thus ending the $1 million bounty. After being robbed of $196 million in a flash loan attack, Euler Finance has convinced its hacker to return most of the funds. The outcome resulted from numerous back-and-forths over 25 days, eventually leading the hacker to do “the right thing.” On March 13, the Euler Finance hacker carried out multiple transactions, each draining millions of dollars in various tokens, including DAI (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC). 111 Funds stolen from Euler Finance. Source: BlockSec As a result, Euler’s total value locked inside its smart contracts has dropped from over $311 million to $10.37 million. Ultimately, 11 different decentralized finance (DeFi) protocols, including Balancer, Yearn Finance and Yield Protocol, either froze or lost funds. At 10:00 UTC Balancer contributors became aware of an exploit on ...