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Bitcoin Whale Who Dumped at Price Top is Buying the Dip Now

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Bitcoin whales have started accumulating again and one particular whale that dumped a major share at the near-perfect top was seen buying again. Whales buying and selling is seen as a major market sentiment indicator as these whales often dump on market in anticipation of a price crash and start buying when they believe the market has reached a potential price bottom. Thus, the current buying spree seen among whales could indicate Bitcoin price bottom might be near.

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Bitcoin price registered its first red monthly candle in May this bull season, a month that saw the price fall 50% from the all-time high of $64,685. BTC is currently trading just above $36,000, consolidating under 40,000 for nearly three weeks now. The coming month could see a possible trend reversal after breaking the key resistance of 40,000 and whale accumulation could become the possible catalyst.

The first week of May saw the crypto market bleed more than $500 billion of its $2 trillion market cap. While analysts have been predicting a market sell-off of such magnitude for quite some time owing to continuous 5 months long bullish momentum, the correction took many by surprise.

Bitcoin Fundamentals Strong to Carry the Bull Market Further

Every bull market be it from 2017 or 2013 has moved in phases followed by pullbacks and correction. Even during the 2017 bull run, the market has registered 4 major corrections in upward of 40%, thus crypto veterans who have seen previous cycles are confident that the current market correction is not the price top for Bitcoin.

Another reason for the current market sell oft was attributed to high leverage over trading and several FUDs including the Chinese ban on crypto trading and mining hitting the market at the same time. Many new traders fell prey to these FUDs and panic sold their Bitcoin.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

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Source: https://coingape.com/bitcoin-whale-who-dumped-at-price-top-is-buying-the-dip-now/

Blockchain

Real Madrid Player Gareth Bales Announces NFT Collection on Crypto.com

Gareth bales NFT collection

Rate this post Real Madrid star Gareth Bales, has become the latest sports celebrity to announce an NFT collection. In a recent press release, Bales announced that he is partnering with London-based artist, Dines, to release limited edition NFTs on Crypto.com. Real Madrid Star Gareth Bale Is Dropping an NFT Collection via Crypto.com Real Madrid winger Gareth Bale is following Lionel Messi’s lead in launching limited edition nonfungible tokens (NFTs), which will debut on September 28.  The Welsh football legend is airdropping two types of digital collectibles through Crypto.com. One of these categories comprises poster-like images of Bale’s career highlights, while the other comprises 3D reimaginations of his memorable bicycle goal from the 2018 UEFA Champions League.  To bring this project to life, Bale collaborated with the British artist DINES, who has previously worked with the likes of Nike, EA Sports, Adidas, and Levis.  “I am thrilled to partner with Crypto.com and London-based artist DINES, to release my line of NFTs. Over the course of my career, I have had the privilege to play for incredible fanbases around Europe and the world. Now, I look forward to giving something back to my supporters in the form of digital assets that you cannot find anywhere else,” Bale said in the press statement. He added that he sees Blockchain and NFTs as a new medium to raise awareness for causes. And through this initiative, he’ll be able to help Velindre Cancer Centre, which will receive a portion from all the sales.  Crypto.com Thrilled About the Partnership Commenting on the partnership with Bales, Crypto.com Executive Vice President and Global Head of NFT Joe Conyers III said that he was delighted to support an important cause. He explained: “Gareth is a football icon. Whenever we get to introduce a globally celebrated athlete to the NFT space, and welcome their fans into our community, it is a historic moment that we really cherish. We are honored to work with Gareth and DINES on this collection celebrating his storied career, and to do so in support of such a worthy cause makes it that much more special.” It is worth noting that Bale is one of Real Madrid’s most expensive transfers to date. The player was signed to the La Liga club for $117 million in 2013.

The post Real Madrid Player Gareth Bales Announces NFT Collection on Crypto.com appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Real Madrid star Gareth Bales, has become the latest sports celebrity to announce an NFT collection. In a recent press release, Bales announced that he is partnering with London-based artist, Dines, to release limited edition NFTs on Crypto.com.

Real Madrid Star Gareth Bale Is Dropping an NFT Collection via Crypto.com

Real Madrid winger Gareth Bale is following Lionel Messi’s lead in launching limited edition nonfungible tokens (NFTs), which will debut on September 28. 

The Welsh football legend is airdropping two types of digital collectibles through Crypto.com. One of these categories comprises poster-like images of Bale’s career highlights, while the other comprises 3D reimaginations of his memorable bicycle goal from the 2018 UEFA Champions League. 

To bring this project to life, Bale collaborated with the British artist DINES, who has previously worked with the likes of Nike, EA Sports, Adidas, and Levis. 

“I am thrilled to partner with Crypto.com and London-based artist DINES, to release my line of NFTs. Over the course of my career, I have had the privilege to play for incredible fanbases around Europe and the world. Now, I look forward to giving something back to my supporters in the form of digital assets that you cannot find anywhere else,” Bale said in the press statement.

He added that he sees Blockchain and NFTs as a new medium to raise awareness for causes. And through this initiative, he’ll be able to help Velindre Cancer Centre, which will receive a portion from all the sales. 

Crypto.com Thrilled About the Partnership

Commenting on the partnership with Bales, Crypto.com Executive Vice President and Global Head of NFT Joe Conyers III said that he was delighted to support an important cause. He explained:

“Gareth is a football icon. Whenever we get to introduce a globally celebrated athlete to the NFT space, and welcome their fans into our community, it is a historic moment that we really cherish. We are honored to work with Gareth and DINES on this collection celebrating his storied career, and to do so in support of such a worthy cause makes it that much more special.”

It is worth noting that Bale is one of Real Madrid’s most expensive transfers to date. The player was signed to the La Liga club for $117 million in 2013.

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Source: https://www.cryptoknowmics.com/news/real-madrid-player-gareth-bales-announces-nft-collection-on-crypto-com/

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Blockchain

Making sense of the path Bitcoin’s price will take in the near future

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Each time a halving occurs, Bitcoin sees a dramatic surge to a new all-time high, beyond many expectations. Bitcoin’s value sees regular pumps, followed by regular dumps until it eventually stabilizes with a new bottom. For some months, it trades relatively sideways until a second surge begins.

Based on this narrative, can Bitcoin record a new ATH in 2021? 

Analyst Bit Harington, in a series of tweets presented a similar scenario inspired by Bitcoin’s bull runs, post halving.

Source: Twitter

Bitcoin’s halving event in 2012 and 2016 saw the token rise by more than 600%, when measured from the resistance/support (R/S) line. Analysts (in the past and even now) perceive the halving as a bullish event. The said analyst is no different. He opined,

“What if…? Bitcoin

[R=Resistance, S=Support] From the R/S line Bitcoin pumped ~6X after halving 1 (~$200 to ~$1200) and also ~6X after halving 2 (~$3K to ~$20K)…”

In 2020-2021, Bitcoin witnessed an immense surge; a surge from below $4,000 to rising to above $60,000. (see chart below). Well, now, maintaining the $60k mark as the same R/S line – a clear bullish breakout looks imminent.

Exploring further 

Dutch trader and analyst Michaël van de Poppe too added some support to the aforementioned analysis. As per his tweet, it would lead Bitcoin prices to the $250,000-$350,000 range. Poppe, on the same thread, added,

“This makes a ton of sense and in line with my ideas too. Somewhere (in) 2017 we are. Heavy breakout to come at a later stage to ~$250-350K and then landing on $65K in the bear market for Bitcoin.”

Having said that, he hinted at a possible correction as well. The bear market could push Bitcoin prices back toward $65,000. Apart from this, other members in the community too agreed with the aforementioned analysis. Now, needless to say, a certain group completely slammed the said thesis. Something that remains common within the crypto world. For instance,

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Source: https://ambcrypto.com/making-sense-of-the-path-bitcoins-price-will-take-in-the-near-future

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PayPal Launches a New Consumer App for Cryptocurrencies, Savings, and Direct Deposits

Paypal new consumer app

Rate this post PayPal has announced the launch of a new consumer app that will serve as a one-stop shop for all of the company’s customers’ digital payment demands. PayPal Announces the Launch of its New One-Stop Consumer App PayPal CEO Dan Schulman claimed in July that the company’s super app was ready for a US launch. The new PayPal app, according to a press release released on Tuesday, will provide customers access to all of the company’s digital financial products. The new software supports both crypto and non-crypto use cases that include a wallet tab for managing Bitcoin payments and high return savings. Indeed, PayPal announced a collaboration with online bank Synchrony Bank to provide a high return savings account via the new app. As part of the launch, the digital payments giant announced that the new app could provide consumers with an annual percentage yield of up to 0.40%. Customers will now be able to transfer their savings account profits to their PayPal accounts for use in online purchasing. Bill payments, cashback and rebates, and direct transfers are among the other advantages listed. Customers would allegedly be able to receive payments two days earlier as a result of the latter function. Payments Giant Is Allegedly Looking To Compete With Robinhood In Stock Trading PayPal also stated that it intends to expand the app’s functionality in the coming months, including offline QR code payment and investing possibilities.  In August that PayPal was exploring a move into retail stock trading. The new client app was announced just a few days after the firm launched crypto trading for users in the United Kingdom. Schulman has previously suggested that digital payments will become even more prevalent, suggesting in December 2020 that the timing was perfect for cryptocurrency general acceptance.

The post PayPal Launches a New Consumer App for Cryptocurrencies, Savings, and Direct Deposits appeared first on Cryptoknowmics-Crypto News and Media Platform.

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PayPal has announced the launch of a new consumer app that will serve as a one-stop shop for all of the company’s customers’ digital payment demands.

PayPal Announces the Launch of its New One-Stop Consumer App

PayPal CEO Dan Schulman claimed in July that the company’s super app was ready for a US launch.

The new PayPal app, according to a press release released on Tuesday, will provide customers access to all of the company’s digital financial products.

The new software supports both crypto and non-crypto use cases that include a wallet tab for managing Bitcoin payments and high return savings.

Indeed, PayPal announced a collaboration with online bank Synchrony Bank to provide a high return savings account via the new app.

As part of the launch, the digital payments giant announced that the new app could provide consumers with an annual percentage yield of up to 0.40%.

Customers will now be able to transfer their savings account profits to their PayPal accounts for use in online purchasing.

Bill payments, cashback and rebates, and direct transfers are among the other advantages listed.

Customers would allegedly be able to receive payments two days earlier as a result of the latter function.

Payments Giant Is Allegedly Looking To Compete With Robinhood In Stock Trading

PayPal also stated that it intends to expand the app’s functionality in the coming months, including offline QR code payment and investing possibilities. 

In August that PayPal was exploring a move into retail stock trading.

The new client app was announced just a few days after the firm launched crypto trading for users in the United Kingdom.

Schulman has previously suggested that digital payments will become even more prevalent, suggesting in December 2020 that the timing was perfect for cryptocurrency general acceptance.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://www.cryptoknowmics.com/news/paypal-launches-a-new-consumer-app-for-cryptocurrencies-savings-and-direct-deposits/

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