Author: coinadrenaline
A widely followed cryptocurrency analyst and trader is leaning bullish on the altcoin market but with a caveat. The analyst pseudonymously known as Capo tells his 929,300 followers on the social media platform X that altcoins could go up by double-digit percentage points from the current level. “Expecting altcoins to pump 10%-20% from here. However, I believe this bounce is a bull trap because a big drop is likely to follow.” Source: Capo/X A bull trap is a move designed to lure in retail traders via a fake breakout but instead of continuing to rise, the asset abruptly reverses and…
Bitcoin’s price fell 3.07% to $95,086 on Feb. 21, 2025, as markets reacted to a $1.4 billion hack at Bybit and technical indicators signaled bearish pressure. Bearish Signals Dominate Bitcoin Charts Amid Security Breach Fallout Bitcoin traded within a 24-hour range of $95,086 to $99,504, reflecting heightened volatility following the breach of Bybit’s Ethereum cold […]
Somnia, a high-speed, Ethereum-compatible blockchain, launched its Shannon Testnet today as part of its push toward mainnet readiness. Named after information theory pioneer Claude Shannon, the testnet follows DevNet benchmarks exceeding 1 million transactions per second (TPS), offering developers a scalable platform for real-world applications. The Shannon Testnet introduces multiple third-party validators and staking protocols, enhancing decentralization and security. During DevNet testing, it processed over 3.6 million transactions across 300,000+ unique addresses, with sub-second finality and sub-cent transaction fees. The time is NOW! Somnia’s Testnet: Shannon is LIVE. 🚀https://t.co/8xNRJIm1kBBuilt to handle MILLIONS of users: fast, stable, and ready for real-world…
Following the Bybit hack, the team organized a livestream to deliberate on the recent billion-dollar hack that transpired on the exchange. Bybit’s founder Ben Zhao clarified that the platform was undergoing “massive withdrawals” but emphasized, “It’s not an issue—We have enough tokens to give to clients.” Moreover, in a calculated maneuver, a bridge loan secured […]
Bitcoin has soared past the $98,000 on Thursday, fueling intense debate among traders over whether the $100K milestone is again within reach or if the current rally is vulnerable to a swift correction. Behind the scenes, market observers point to surging open interest (OI) and increased leverage, spotlighting the possibility of a leverage-driven push. Bitcoin Rally Or Trap? CryptoQuant community analyst Maartunn (@JA_Maartun) warned of a “leverage driven pump,” noting a $2.4B jump in Bitcoin’s OI within 24 hours. Via X, he wrote: “Leverage Driven Pump: $2.4B (7.2%) increase in Open Interest in Bitcoin over the past 24 hours.” Confirming…
The 90-day moving average of altcoin trading volume on centralized exchanges has risen since mid-November, potentially signaling the start of an altcoin season, according to CryptoQuant.CryptoQuant CEO and founder Ki Young Ju shared data showing the trading volume ratio of altcoins compared to Bitcoin (BTC) rose from 1.77 to 2.77 as of Feb. 20.Ki highlighted that this potentially indicates that “alt season has begun.” Alt season is the period when the prices of altcoins soar compared to BTC.He added:“No direct BTC-to-alt rotation, but stablecoin holders are favoring alts. Alt volume is 2.7x BTC. BTC Dominance no longer defines alt season…
Este artículo también está disponible en español. Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout Is Close As revealed by a technical analyst on the…
In April 2025, Bitcoiners from across the world will converge in Douala, Cameroon, for the Conference Bitcoin Afrique (CBA), a groundbreaking event dedicated to Bitcoin adoption in French-speaking African countries.This is not just another crypto or Bitcoin event — it will be a focused, high-impact gathering that aims to educate, empower, and connect the French-speaking Bitcoin community like never before.With over 400 in-person attendees expected and a digital reach exceeding 50,000 people via social media platforms such as Facebook, X, Youtube, and TikTok, this conference represents a crucial milestone in Bitcoin adoption across French-speaking Africa.But why is this event French-only…
We’re excited to announce that applications for the Next Billion Fellowship Program are now open! What is the Next Billion Fellowship Program? The Next Billion Fellowship Program is a search for stories – tangible, human stories that show how Ethereum is helping communities address the challenges they face. Whether it’s implementing digital badges and wallets for millions of scouts worldwide, creating more efficient and affordable crop insurance for smallholder farmers in Kenya, or exploring the role of decentralized systems during humanitarian crises in Syria, each Fellow’s story helps us see Ethereum’s role in human society, not as an abstract technology,…
Indonesian cryptocurrency exchange Indodax recently suffered a significant security breach, resulting in the loss of approximately $22 million in digital assets. The hack, which occurred on September 11, is a stark reminder of the vulnerabilities crypto exchanges face, especially with rising cybercrime targeting these platforms. This incident comes as Indonesia prepares for new regulatory measures in its growing crypto and financial sectors. The breach targeted Indodax’s hot wallets, which are used for daily transactions and are more susceptible to cyberattacks due to their online nature. Blockchain analytics firm SlowMist revealed that the stolen assets were quickly converted into cryptocurrencies such…