In the past 24 hours, the meme coin crypto economy has risen by 9.6% against the U.S. dollar. The Solana-based meme token BONK emerged as the day’s top performer, climbing 41.8%, while FLOKI saw an 18.7% increase. Top Meme Coins Register Impressive Gains As of April 21, 2024, the meme coin sector is experiencing significant […]
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Trading Guru Uncovers This Notable Pattern On Solana: What’s Next For SOL Investors?
Trader and market analyst Peter Brandt has provided valuable perspectives on the recent price movement of Solana (SOL), suggesting the completion of a notable chart pattern.
In particular, Brandt has noted a descending triangle pattern forming on Solana’s 4-hour price chart.
Identified Chart Pattern On SOL And Its Implications
The descending triangle pattern identified by lower highs and a horizontal support line is often interpreted in technical analysis as a signal of a potential downtrend continuation. Brandt’s recent post highlighted the completion of this pattern, drawing attention to a crucial development for SOL traders.
Brandt’s analysis extends beyond the mere identification of the pattern. He underscores the significance of pattern validation over its completion.
According to Brandt, a pattern’s failure to fulfill its expected role carries more weight than its mere completion.
With the descending triangle pattern now confirmed for SOL, market participants’ anticipation is palpable as they await potential price movements, whether to the upside or downside.
A descending triangle has been completed in $SOL
I am only the messenger, not the message
Remember, a pattern failure (to do what it is supposed to do under classical rules) is more important than a pattern completion pic.twitter.com/ezershgA5A— Peter Brandt (@PeterLBrandt) April 10, 2024
Solana Network Challenges Amidst Price Fluctuations
While Solana’s price performance has fluctuated over the past week, recent network challenges have added another layer of complexity to the asset’s situation. Despite a 12.7% decline in SOL’s value over the past week, there has been a slight uptick of 4% in the last 24 hours.
However, ongoing network congestion has presented obstacles. Solana developers are actively addressing these issues, with efforts underway to resolve network congestion experienced on April 15.
Mert Mumtaz, CEO of Helius Labs, a key contributor to Solana’s maintenance and enhancement, clarified that the current network challenges stem from implementing a specific protocol rather than an inherent design flaw in Solana.
solana’s current issue is not a design flaw, it’s an implementation bug
it is now hitting me that some folks might not understand what we’ve been trying to say by this for the past week
I’ll simplify it (intended for non-technical people)
it is important to make this… pic.twitter.com/fNZzu9f90S
— mert | helius.dev (@0xMert_) April 8, 2024
Meanwhile, Solana’s open interest in the futures sector, a metric used in derivatives markets referring to the total number of outstanding contracts, has experienced fluctuations in recent times.
While it saw steady growth from January to April, reaching an all-time high of .86 billion on April 1, recent network issues have led to a decline. Coinglass data indicates that Solana’s open interest has fallen to .4 billion since April 11, reflecting a 5% decline in just over a week.
Featured image from Unsplash, Chart from TradingView
Ethereum Sees Notable Rise In Daily Activity, But Why Is Price Down?
Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500.
While this decline can be felt through the majority of large cryptocurrencies in the industry, the number of daily active Ethereum addresses has been steadily rising over the past month.
Ethereum’s Network Activity Surges But Price Remains Stagnant
An increase in network activity is usually a bullish sign for the price of cryptocurrencies as more activity means more demand. Interestingly, the number of daily active Ethereum addresses has increased by over 46% since January 3.
This increase in active addresses largely came with a surge in price over the past few months. Ethereum shot up from ,909 on February 24 to reach a two-year high of over ,000 on March 12, representing a surge of over 39%. According to data from YCharts, the number of daily active addresses increased simultaneously from 432,647 to 515,145 during the same time frame.
However, Ethereum has been on a price decline since its brief cross over ,000 and is currently down by 17% in the past 10 days. On the other hand, the network has witnessed a continued surge in activity in terms of on-chain data, with the number of daily active addresses now at 618407 in the past 24 hours, its highest point since October 2023.
According to data from IntoTheBlock, ETH’s daily average volume has been steadily growing in a similar manner to the one recorded in 2020’s early bull market. This growth has now pushed the amount of ETH transferred on Ethereum to its highest level since May 2022 this week.
Can Ethereum Resume Its Uptrend?
At the time of writing, Ethereum is trading at ,355. The price of any cryptocurrency, including ETH, depends heavily on market sentiment and speculation. While growing adoption and network activity are positive signs for long-term price growth, speculation is what really drives the price, at least in the short term.
At the same time, its price remains under pressure from several areas. One of such pressures is a recent report that the SEC is poking around Ethereum and the Ethereum Foundation and is looking to classify ETH as a security.
As the second-largest cryptocurrency, ETH’s classification as a security could cause chaos that would eventually cascade into other crypto assets.
Ethereum seems to have now formed a minor support at the ,280 price level. Failure to hold above this price point could mean a further move to the downside.
Featured image from Pexels, chart from TradingView
NFT Market Sales Dip 12% This Week While Highlight Collections Record Notable Rises
In the last week, the market for non-fungible tokens (NFTs) has seen a decline, with sales falling 12.67% compared to the previous week, totaling 5.22 million. Ethereum took the lead in NFT sales, raking in 3 million, while Solana followed with sales over million, relegating Bitcoin to third place with .9 million in sales. […]
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Solana Soars 19% Amid Market Consolidation, Commands Notable ‘Kimchi Premium’ in South Korea
Bitcoin and ethereum have remained stable on Wednesday, showing little change in their values recently. In contrast, solana (SOL) experienced a notable surge, climbing over 19% against the U.S. dollar, moving from a low of .92 to a peak of .32. Despite a minor decrease following its rise into the range, solana’s value still holds a 9% increase. As of November 15, solana boasts the sixth-highest trading volume among all cryptocurrencies.
Solana Rises Sharply Gathering Steam from South Korean Volumes
This week has witnessed a significant surge in the value of SOL, the native digital currency of Solana, a layer one (L1) blockchain network. In the span of the last seven days, SOL’s value has escalated by over 45% when measured against the U.S. dollar.
Over the past month, this increase has been even more pronounced, with SOL showing a 167% rise. On Wednesday, November 15, 2023, SOL demonstrated a dynamic trading range, fluctuating between .92 and .32 per unit.
This marks a notable 19% increase from the opening price at the beginning of the day’s trading activities. Despite SOL’s impressive growth, it remains over 75% below its November 2021 peak, which saw values reaching 9 per coin.
During the last 24 hours, SOL notched a significant .31 billion in 24-hour global trade volume, ranking it as the sixth largest for the day. In the realm of market capitalization among over 10,000 cryptocurrency assets, SOL also holds the sixth position.
On Wednesday, the dominant trading pair for solana is USDT, comprising 59% of all SOL trades. Tether is trailed by USD (16.64%), KRW (12.3%), BTC (4.26%), and BUSD (2.18%) as SOL’s top trading pairs on November 15.
Presently, a modest ‘Kimchi premium’ is observed for SOL in South Korea, with prices at .34 per unit on Bithumb and .61 on Upbit, while the global average stands at .80 per SOL as of 12:26 p.m. (EST). At the same time, on Wednesday afternoon, SOL is the top trading pair on Upbit, accounting for 7.65% of the exchange’s total trading volume.
What do you think about solana’s rise this week and the 19% jump on Wednesday? Share your thoughts and opinions about this subject in the comments section below.
Solana (SOL) Continues To Register Notable Gains Daily, Is $50 the Target?
Solana opened this month on high momentum, consistently posting notable gains over the past few days. SOL scored a weekly high of .36 on November 1 before receding. But after a brief decline to the price level, the bulls have regained momentum, intent on pushing closer to this time. But it remains to see if SOL bulls have enough momentum to rally that high.
SOL Bucks All Odds As It Vies For Higher Highs
Despite the high volatility in the altcoin market, Solana (SOL) has refused to back down. The Ethereum killer has continued its uptrend in the past two weeks, making it one of the top-gaining cryptocurrencies today.
SOL graces the top gainers’ list as the fifth-highest gainer in today’s trading session. Solana is trading at .23, with over 3% price increase in the last 24 hours.
Solana Bulls have continued to fight off significant sell pressure caused by FTX-related transfers. The crypto exchange is selling millions of crypto assets to pay its debts to customers as it seeks a fresh start.
Reports revealed that the court approved FTX to sell billion worth of crypto assets frozen on the exchange since last year. On-chain data from Spot On Chain shows that the defunct crypto exchange FTX owns millions of SOL coins. According to Spot on Chain’s latest updates, FTX and Alameda have transferred approximately 3 million worth of Solana coins to exchanges.
However, these large inflows of Solana in the market didn’t cause a decline. Instead, SOL’s price entered a rising channel, initiating an uptrend.
The most significant upturn was when the crypto breached the critical resistance at in mid-October. SOL has been unstoppable since then, crossing the price mark and rising above , a position it has maintained in the last few days.
Solana’s price is now over 86% higher than its past month’s value, with a 9.70% seven-day price increase, according to CoinMarketCap data.
SOL Market Outlook As It Flips Over A Multi-month Trendline
As depicted on the chart below, SOL has broken from a multi-month trendline channel, flipping a significant resistance level at .58 to support. The price level is the new trendline pivot as it forms a new channel.
If SOL manages to remain above the price level, given the ongoing bullish momentum, the next target price is .83. Maintaining this level could facilitate more rallies to in the coming days. But buyers have to apply more pressure to remain in control.
However, if the bears fail to maintain the price, SOL could decline to and subsequently to .43 if the bears mount more pressure.
Meanwhile, SOL continues to live up to its alias, the Ethereum Killer. An update from on-chain data provider Kaiko shows that SOL has outperformed Ethereum since September.
The increase in the SOL/ETH ratio since September confirms this assumption. The SOL/ETH ratio has climbed from 0.011 to nearly 0.025 and is now back to the pre-FTX collapse levels.
LBank Labs Demo Day Marks a Notable Collaboration in Web3 In Partnership With Collab+Currency and Blockchain Builders Fund
PRESS RELEASE. On October 19, 20, and 23, the blockchain community converged for LBank Labs’ Demo Day, a collaborative effort with Collab+Currency and the Blockchain Builders Fund. The event garnered significant attention, with over 200+ registrants and a turnout of more than 150+ attendees, of which over 70% are global funds. Serving as a nexus for blockchain enthusiasts and technologists, the Demo Day facilitated meaningful interactions and fostered collaboration among its diverse participants.
A Look at the Participating Partners:
Collab+Currency: Collab+Currency is Collab+Currency is a venture fund that primarily backs early-stage crypto projects building the next generation of culture and consumer technology. The firm focuses on the earliest-stage opportunities in Web3, primarily investing in the pre-seed and seed rounds. During the past five years, the firm has backed over 100 projects working in nearly every vertical within crypto, including infrastructure, base-layer blockchains, service providers and NFTs.
Projects from Collab+Currency:
Rainbow: An advanced Ethereum wallet that combines user-friendly features with a simple interface. Most functionalities are embedded within the plugin for ease of access. The wallet also collaborates with several fiat on-ramp services such as Ramp, MooPay, and Coinbase.
Sleepagotchi: A game aimed at promoting better sleep habits. Designed by alumni from Harvard Business School and former staff at Duolingo, players are rewarded with collectibles when they achieve sleep targets. So far, Sleepagotchi reports 14,000 monthly active users, all without marketing campaigns.
Blockchain Builders Fund (Stanford): Originating from Stanford University’s Blockchain Accelerator initiative, the Blockchain Builders Fund has been working closely with students and alumni. Their goal is centered around nurturing, developing, and investing in blockchain-oriented solutions.
Projects from Blockchain Builders Fund:
DwellFi: An intent-centric all-in-one fund data platform with 1000+ limited partners and 0 million in assets. DwellFi offers various fund data, both on-chain and off-chain, with a strong focus on real-time data, including real-time NAV, real-time portfolios, and even pending investment data. It provides highly customized dashboards tailored to different roles (e.g., LP or GP).
Hinkal: A 2023 Bootcamp Finalist of LBank Labs, successfully securing financing led by Draper Association, with participation from Orange Dao, NGC, and more. The project protocol is designed to protect user privacy in DeFi transactions, currently integrated with five blockchains and plans to support all EVM chains in the future. Hinkal has already helped over 3000 users achieve M+ in transactions.
LBank Labs: LBank Labs operates with a Venture Fund approach, investing in a variety of blockchain initiatives. Their philosophy encourages protocol and exchange neutrality. With assets of 0 million, LBank Labs is poised to assist startups in their journey. Their Fund of Fund network, encompassing 12 funds as of Q1 2023, enables access to over Billion in assets. Globally, they have a presence in various regions from San Francisco to Dubai to Shanghai.
Projects from LBank Labs:
Dope: A Web3 NFT music platform available across various devices, which has integrated with six major blockchains. It aggregates over 600,000 music NFTs, making it the world’s largest Web3 music library. Strategic collaborations with renowned musicians, major record labels, and influential music executives aim to drive loyalty programs, live DJ experiences, and innovative fan-oriented features through Web3 integration, ensuring sustainable growth and an unparalleled music experience.
QED: The first Ethereum Layer 2 network to achieve super-scalability, offering over 100,000+ TPS, support for smart contracts in multiple languages (JS, Python, etc.), and compatibility with multiple zk-VMs. QED recently integrated with Polygon’s next-generation Miden-VM, boasting the world’s first high-level language compiler that supports Miden. Additionally, QED introduced the browser-based Poseidon2-WebGpu architecture, which is 30 times faster than existing browser zk-hash architectures. QED has already established partnerships with industry-leading companies, including Universal Pictures and The Sandbox. The company was founded by the young hacker Carter.
A representative from LBank Labs stated at the conclusion of the Demo Day that they are grateful for all participants and collaborators. They further encouraged observers to keep a close watch on LBank Labs as they continue their exploration into the Web3 domain.
About LBank Labs
At LBank Labs, we thrive on the power of connections and believe in fostering strong relationships within the industry. We’re not your average exchange – while LBank boasts a massive global user base of over 9 million, LBank Labs operates independently in both structure and approach, using a Venture Fund model to drive our investments in funds, primary projects, and liquid projects. With a protocol and exchange-agnostic mindset, we’re committed to supporting projects through direct funding, acceleration, incubation, and unparalleled networking within our web. And with 0 million AUM currently under our belt, we’re well-equipped to help startups take flight. But that’s not all – our Fund of Fund network, which includes a whopping 12 funds as of Q1 2023, opens doors to direct communication with Billion+ AUM. And with operations and offices spanning 7 global regions – from San Francisco to Dubai to Shanghai and beyond – we’re in a prime position to keep building this network together.
Contact
LBank Labs
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Bitcoin Incurs Notable Buying Pressure at $8,200 Despite Lack of Momentum
Bitcoin has prolonged its bout of sideways around its key near-term support level at ,200 and has continued showing some signs of underlying bearishness as BTC’s bulls fail to push it higher in the near-term.
Importantly, analysts are noting that Bitcoin is currently building significant support just below its current price level, which could mean that its bulls are building strength and will lead the crypto higher in the coming days and weeks.
Bitcoin Trades Flat as Bulls and Bears Remain Locked in Battle
At the time of writing, Bitcoin is trading down marginally at its current price of ,200, which marks a slight rise from its daily lows of ,100.
It does appear that Bitcoin is currently caught within an incredibly tight trading range between roughly ,100 and ,300, which is the price range that the crypto has been trading within for the past several days.
It does appear that the ,100 region has become a critical support level for BTC in the time since it bounced from its recent lows of ,800, with Big Cheds, a popular crypto analyst on Twitter, pointing to this support in a recent tweet, saying that wicks below it can provide ideal short-term long opportunities.
“$BTC #Bitcoin 1 hour – testing recent support on LTF – recent psuedo hammer with dip below lower BB may provide a scalp entry,” he said while pointing to the below chart.
$BTC #Bitcoin 1 hour – testing recent support on LTF – recent psuedo hammer with dip below lower BB may provide a scalp entry pic.twitter.com/uA191bungo
— Big Cheds (@BigCheds) October 4, 2019
BTC Begins Building Robust Support Around Current Price Levels
This aforementioned support level appears to be incurring increased strength as of late, as buyers are beginning to move their bids up from the mid-,000 region into the lower-,000 region.
Josh Rager, a popular crypto analyst on Twitter, spoke about this in a recent tweet, noting that BTC’s volume profile appears to be pointing to the fact that it is building notable buying volume around its current price levels, despite its lack of upwards momentum.
“$BTC – clear levels I’ll continue to watch. Volume profile seems to be showing heavy support currently on the daily chart,” he said while referencing the chart seen below.
$BTC – clear levels I'll continue to watch
Volume profile seems to be showing heavy support currently on the daily chart pic.twitter.com/lcPnOYN8ad
— Josh Rager
(@Josh_Rager) October 4, 2019
If Bitcoin continues incurring growing buying pressure at its current price levels, it is highly likely that it will soon begin climbing higher, and that ,800 may have marked a long-term bottom.
Featured image from Shutterstock.
The post Bitcoin Incurs Notable Buying Pressure at ,200 Despite Lack of Momentum appeared first on NewsBTC.
Scalability at Layer Zero: Meet the Startup Attracting Attention, and Investments from Notable Blockchain Pioneers
The Marlin Protocol was conceptualized with the sole purpose of making blockchain technology scalable enough to introduce into industries with potential and existing high throughput and growth rates. Marlin’s solution is sleek and simple, so much so that Binance Labs and key industry leaders such as Rogelio Choy have embraced the concept and are supporting further development of the Marlin Protocol.
How important is communication efficiency and mass scalability within public blockchains?
According to Eaze’s Rogelio Choy, former CEO of BitTorrent, and the entire team at Binance Labs, it is critical.
It is so critical, in fact, that Binance Labs has welcomed blockchain network provider Marlin into their fold. Binance Labs exists to financially support and mentor decentralized blockchain start-ups. Marlin has joined the likes of MobileCoin, Oasis Labs, and Pivot becoming a part of the Binance Labs portfolio.
Marlin Protocol solves the issue of slow, ineffective network communication on the blockchain structure with its layer zero, high-performance networking solution. The company has developed an entirely new protocol for network interaction. It is called the Marlin Protocol.
Founded and led by blockchain visionaries and entrepreneurs from the likes of Zilliqa, Microsoft, MIT, and Stanford, Marlin’s plan to transform the entire blockchain industry is no joke.
The company describes itself as “a peer-to-peer superhighway for public blockchains bringing high-performance network infrastructure to modern decentralized networks. Founded by researchers at Stanford and MIT, Marlin facilitates orders of magnitude improvement in throughput in planet-scale decentralized networks and is currently collaborating with platforms like Holochain, Blockcloud, and several others.”
Head of Binance Labs Ella Zhang commented about the strategic partnership “While we’ve seen many innovative consensus algorithms and off-chain techniques in the industry to solve the scalability issue, Marlin is a group of talented entrepreneurs who tackle the underlying network layers scalability through their node network design and cryptoeconomics.”
“Their fast and decentralized network solution can potentially benefit all blockchains.”
Growth of a powerful advisory board
Rogelio Choy recently joined Marlin’s advisory board. Previously the CEO at BitTorrent, Choy brings a strong knowledge of blockchain start-ups and business leadership and development. He has participated in an advisory role in multiple IT business ventures.
Many of these have seen great success, thanks to Choy’s business development acumen, specifically his understanding of the blockchain community and its unique, breakneck rates of speed. Top businesses such as cloudadmin.io, Tru Optik, and Mercari have all benefited from Choy’s expertise.
At BitTorrent, Choy succeeded in growing revenue and re-establishing BitTorrent as a profitable business in the IT space. He accomplished this expertly enough to catch the attention of Tron, at the time the 10th largest blockchain in the world. Within a year of Choy’s leadership, Tron made the decision to acquire BitTorrent.
Regarding his decision to join the Marlin advisory board, Choy offered a simple explanation. In short, he believes that solutions offered by the Marlin Protocol meet a core need within the blockchain community. The solution carries the potential to drive blockchain toward a place of widespread adoption and unparalleled functionality.
“Marlin is addressing a material issue that every blockchain project needs to address – the speed of decentralized transactions at scale. Adoption of the Marlin Protocol can meaningfully drive the long vision of blockchain, mass-market adoption of decentralized apps and services,” says Choy.
A solution instead of a stopgap
Within most blockchains, the current state can only be described as not scalable. Second layer solutions such as Zilliqa’s sharding, Bitcoin’s FIBRE, and relay network Falcon do exist and are currently in use to improve scalability. BloXroute Labs provides a censorship-resistant Block Delivery Network by encrypting blocks, yet another partial solution for today’s market.
However, none of these technologies has seen the kind of adoption needed to provide mass adoption of blockchain technology.
More importantly, for some blockchain users, none of the existing solutions can be described as legitimately decentralized. This is a big problem for many distributed ledger proponents.
Decentralization is part of the original foundation of cryptocurrency. Most, if not all subsequent blockchain ventures have embraced decentralization conceptually, if not practically.
Marlin is a big change from the one-to-many networking model embraced by most blockchains. Otherwise known as the Gossip Protocol, block producers send blocks to their closest neighbors, who behave likewise, until the entire network is privy to the information within the block.
Clearly, this model can be slow, even within a low throughput environment. Increased throughput only slows things down.
Marlin’s layer zero protocol transforms network communications at the core. With the Marlin Protocol, there is no need to develop additional layers of scaling functionality. Scalability is built into the original concept. As an open-source project, Marlin is ready to disrupt.
Image by Pete Linforth from Pixabay
The post Scalability at Layer Zero: Meet the Startup Attracting Attention, and Investments from Notable Blockchain Pioneers appeared first on NewsBTC.
Despite Tether Concerns, Notable Analysts Remain Bullish On Bitcoin (BTC)
What many thought would never happen did on Thursday. Just days after Tether Limited, the company behind the USDT stablecoin, minted 0 million worth of its crypto asset, reports revealed that its operator, iFinex, may be on thin ice. As a result of this news, Bitcoin (BTC) dropped by 10% within minutes, plunging from ,550 on Coinbase to ,950 in a rapid sell-off.
Related Reading: Crypto Divided Over Tether, Some “Unequivocally” Bullish On Bitcoin
But since this news broke, cryptocurrencies across the board have recovered, as some have begun to suspect that this debacle may not have a material effect on this market’s staying power.
Bitcoin Holds Strong After Tether ‘FUD’
Per analysis from The Crypto Monk, a well-followed trader, the dust from this recent imbroglio has settled, and Bitcoin’s chart structure still is “looking good for bulls.” Monk didn’t give much reasoning for this point, but the chart attached to his message did depict that BTC has held above .800, a key level of support as it’s where the 200-day moving average is sitting.
$BTC:
dust has settled and this structure is still looking good for bulls.
Eyeing 00 again. pic.twitter.com/RIUY3i2mM4— The Crypto Monk
(@thecryptomonk) April 27, 2019
Not is the chart’s structure looking good, but trading statistics and technical indicators too. As Murad Mahmudov, a popular analyst who is 75% sure the cryptocurrency bottom is in, postulated, the long-short position ratio on Bitfinex and Relative Strength Index (RSI) leadings has led him to believe a move higher is inbound. A specific forecast was not mentioned, but Mahmudov did draw an arrow ending at ,300, which is where Bitcoin is expected to meet major resistance at a level of historical importance.
1/ In life, always avoid being in the majority like the plague. pic.twitter.com/tniev60SRJ
— Murad Mahmudov
(@MustStopMurad) April 27, 2019
The Other Side Of The Equation
Of course, others are not too sure that Bitcoin’s chart looks decidedly bullish. According to a chart from trader Financial Survivalism, this move confirms that Bitcoin’s current market structure is like that seen in December’s downturn, but inversed. Thus, if history is followed, BTC may be poised to see a ,000 pullback, potentially to the ,200 range.
1/2 The current $BTC market structure is looking very much like an inverse of what we saw during December 2018. First notice the bull div on the RSI with two daily red 9's. Currently we have a bear div after two green 9's. The ADX is also rolling over after spiking above 70. pic.twitter.com/bVFt5Hx8gM
— Financial Survivalism (@Sawcruhteez) April 25, 2019
But it may not be that simple. As a number of analysts, like Crypto Birb and Satoshi Flipper, have asserted, for Bitcoin to move higher from here, it will need to break convincingly past ,200 on BitMEX and head to ,300 for a “liquidity flip-test.” As of the time of writing this, said “liquidity flip-test” has yet to occur. With positive industry developments, like TD Ameritrade’s and E*Trade’s purported plans to offer spot Bitcoin trading, however, some are sure that BTC will recover to its pre-crash levels in no time.
Related Reading: TD Ameritrade Follows Footsteps of Fidelity, NYSE and Enters Crypto, Boosting Sentiment
Featured Image from Shutterstock
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