Cryptonews

Yet, the long-term outlook remains as bullish as ever, a testament to the indomitable spirit of the market. On daily timeframes, the ratio still hovers near multi-month highs around 2.5, a clear indication that the majority of large traders are still favoring long positions. This dichotomy between short-term caution and longer-term conviction is a healthy sign, a dance of prudence and optimism in a market that knows no bounds. 🕺

In a recent thread on X, Glassnode delved into the insights provided by various on-chain indicators regarding Bitcoin’s position in the current cycle. The first metric shared by the analytics firm is the Short-Term Holder (STH) Cost Basis, which calculates the average acquisition price of those who purchased their coins within the past 155 days.

Jay Clayton, the interim New York Attorney and former Securities and Exchange Commission Chair, has petitioned Judge Katherine Failla to block certain testimony, to keep the shadows cast by Tornado Cash from growing too long. He requests that the judge “preclude evidence and arguments based on privacy rights,” a clever ruse to keep the truth at bay. 🚫

This joint operation, carried out in Miami, demonstrates the growing role of digital currencies in global narcotics trafficking. 💊💼

The crypto cosmos, vast and varied, teems with thousands of digital coins, each a star in its own right, designed with specific purposes. While Bitcoin, the grand dame of cryptocurrencies, remains the most celebrated, other digital currencies dazzle with their own distinct features, such as smart contracts, speed, or stability.

But, lo and behold, this surge doesn’t carry the same frantic whispers of a market about to burn out. No, unlike the wild market rallies of old, this one is moving with a kind of measured grace. CryptoQuant, that oracle of blockchain data, assures us that things aren’t heating up like an overheated kettle. This time, there’s a calmer, more balanced rhythm. A sharp contrast to the rollercoasters of previous cycles, where Bitcoin’s price would shoot up, only to plummet with the speed of a summer thunderstorm.

Based on recent technical trends and AI-driven forecasts, Pi Coin may face a turbulent yet opportunistic road ahead.

Imagine this: you’re swapping a mere HUF 5 million (bragging rights of about $14,600) worth of tokens, and suddenly, poof! You find yourself behind bars, all thanks to Hungary taking the crown for the strictest crypto laws in Europe. 🎩

NEAR is now up by 8% over the past few days, having surged by 45% since June 17. The move reflects optimism across the wider altcoin ecosystem, which is more optimistic than a room full of improv actors. 🎉

In a recent YouTube video, Svenson told his 83,500 subscribers (yes, that’s a lot of people hanging on to his every word) that Bitcoin is poised to reach new all-time highs as it enters the final phase of its parabolic advance. Because, you know, the graphs and charts say so… 📊