Bitcoin Intraday Key Levels

The BTC/USD pair has lost 1.33% in the last 24 hours and is currently trading at $95,506. Bitcoin (BTC) continues its decline after losing the $98,331 support and retesting it. For BTC to rise again, it must reclaim the $98,331 resistance level. Support levels are at $94,886 and $92,053.

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Ethereum (ETH): The ETH/USDT pair has gained 0.78% in the last 24 hours and is currently trading at $2,804. Resistance levels for Ethereum (ETH) are $2,877 and $2,930, while support levels are at $2,725 and $2,532.

Helium (HNT): The HNT/USDT pair has surged 8.87% in the last 24 hours and is currently trading at $3.891. Helium (HNT) faces resistance at $3.981, followed by $4.269. Support levels are at $3.576 and $3.278 if the decline deepens.

TRON (TRX): The TRX/USDT pair has gained 3.11% in the last 24 hours and is currently trading at $0.2434. Resistance levels for TRON (TRX) are $0.2433 and $0.2509, while support levels are at $0.2338 and $0.2247.

Toncoin (TON): The TON/USDT pair has increased by 2.52% in the last 24 hours and is currently trading at $3.775. Resistance levels for Toncoin (TON) are $3.888 and $4.121, while support levels are $3.669 and $3.511.

Trending Coins

The top trending coins in the crypto market over the last 24 hours are Sonic (S), BNB (BNB), and Berachain (BERA).

The top gainers list includes Golem (GLM), Would (WOULD), and Onyxcoin (XCN).

The top losers list includes MEOW (MEOW), Fartcoin (FARTCOIN), and ai16z (AI16Z).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most significant liquidation on the upside is at $96,456, with $23.65 million in liquidations.

On the downside, the key liquidation level is at $94,876, with $21.76 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 23 February appeared first on Coin Engineer.

Details of the Lawsuit

The SEC alleges that Nova Labs sold unregistered investment products, including electronic devices called “Hotspots”, which mine the company’s cryptocurrency Helium (HNT), and a program called Discovery Mapping, which allows users to trade their private data for crypto assets.

The SEC also accused Nova Labs of misleading potential investors by claiming that major companies such as Lime, Nestlé, and Salesforce were using or relying on its wireless network, allegations the SEC states are untrue.

“Unregistered Securities” in the Crypto World

The term “unregistered securities” is well-known in the crypto world, with several similar lawsuits brought during Gary Gensler’s tenure at the SEC.

However, a significant win for the industry came in July 2023 when the court ruled that XRP’s programmatic sales on digital asset exchanges did not qualify as unregistered securities. Despite this, the SEC quickly filed an appeal to contest the decision.

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SEC’s Future Under New Leadership

With new leadership set to take over at the SEC on January 20, the agency may reportedly reconsider some existing crypto enforcement cases.

According to a January 15 Reuters report, the SEC may review and potentially drop certain cases in the days following the transition.

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Key Intraday Levels for Bitcoin

The BTC/USDT pair has dropped 5.87% in the past 24 hours and is currently trading at $95,709. Bitcoin (BTC) has lost the previously identified support at $97,362, leading to a significant correction. If it rebounds, the resistance level to watch is $97,362, while the support levels are $94,703 and $93,138.

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Ethereum (ETH): The ETH/USDT pair has dropped 8.69% over the last 24 hours and is currently trading at $3,361. Resistance levels for ETH are $3,440 and $3,535, while the support levels are $3,290 and $3,217.

SPX6900 (SPX): The SPX/USDT pair has gained 0.94% in the last 24 hours and is trading at $1.44. Resistance levels are $1.453 and $1.56, while support levels are at $1.34 and, if the decline deepens, $1.24.

Helium (HNT): The HNT/USDT pair has lost 5.58% in the past 24 hours and is trading at $5.87. Resistance levels for HNT are $5.91 and $6.25, while support levels are $5.72 and $5.45.

Shiba Inu (SHIB): The SHIB/USDT pair has dropped 10.14% in the last 24 hours and is currently trading at $0.00002167. Resistance levels for SHIB are $0.00002192 and $0.00002312, while support levels are $0.00002133 and $0.00002052.

Trending Coins

The most trending coins in the crypto market over the past 24 hours include Sonic SVM (SONIC), Virtuals Protocol (VIRTUAL), and Hyperliquid (HYPE). The top gainers are Sonic SVM (SONIC), QuantixAI (QAI), and Ultima (ULTIMA), while the biggest losers are Swarms (SWARMS), Horizen (ZEN), and CHEX Token (CHEX).

Bitcoin Liquidation Map

On the 12-hour liquidation map for Bitcoin, notable liquidations are seen at $96,696 on the upside, totaling $34.48M, and at $94,818 on the downside, also with $34.48M.

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The post The Latest on Bitcoin and Cryptocurrencies: 8 January appeared first on Coin Engineer.

In its report for Q4 2024, Grayscale highlighted 20 altcoins with growth potential, taking into account market trends and key factors specific to each token. The list now includes 6 new altcoins: SUI, TAO, OP, HNT, CELO, and UMA. However, RENDER, MNT, RUNE, PENDLE, ILV, and RAY have been removed from the previous list.

According to Grayscale, the altcoins with high potential for the fourth quarter are as follows:

• Bitcoin (BTC)
• Ethereum (ETH)
• Solana (SOL)
• Toncoin (TON)
• Chainlink (LINK)
• Near (NEAR)
• Uniswap (UNI)
• Sui (SUI)
• Bittensor (TAO)
• Stacks (STX)
• Aave (AAVE)
• Optimism (OP)
• Arweave (AR)
• Maker (SKY)
• Helium (HNT)
• Lido DAO (LDO)
• Akash Network (AKT)
• Aerodrome (AERO)
• Celo (CELO)
• UMA Protocol (UMA)

Additionally, it was stated, “This quarter, we have removed the following projects from the Top 20: Celo. Grayscale Research continues to value each of these projects, and they remain important elements of the crypto ecosystem. However, we believe the revised Top 20 list may offer more attractive risk-adjusted returns for the upcoming quarter.

Investing in the crypto asset class involves risks, including some unique to the crypto space, such as smart contract vulnerabilities and regulatory uncertainty. Furthermore, all assets in the Top 20 have high volatility and carry high risks, making them unsuitable for all investors. In light of the risks associated with the asset class, any investment in digital assets should be considered within the context of a portfolio and with the investor’s financial goals in mind.”

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Among the lately added cryptocurrencies are SUI, TAO, OP, HNT, CELO, and UMA. Dropped off the list instead were RENDER, MNT, Rune, PENDLE, ILV, and RAY. These projects mirror Grayscale’s changing view on bitcoin projects and present market dynamics.

The research offers some innovative project concepts. Designed for instance by former Meta engineers, Sui is a third-generation blockchain. Following a recent upgrade enhancing Solana’s transaction speed by 80%, Sui’s network consumption has skyrocketed, exceeding Solana in this respect and ensuring a good list ranking.

Another effort bringing about transformation is optimism since it provides a solution for Ethereum’s scalability issues. Its execution in well-known initiatives including Sam Altman’s Worldcoins project and Coinbase’s Layer 2 network Base has inspired future hope.

The book also notes UMA and Celo. While UMA offers a distributed oracle network for prediction markets like as Polymarket, Celo specializes on stablecoins and payment systems in emerging nations. Particularly thankful of Opera’s MiniPay function; Celo has lately been rather popular in Africa and consumes more stablecoins than Tron.

Helium made the list under its direction in the DePIN area and with high reputation for sustainable income source. Helium’s over a million access points and 100,000 mobile customers reinforce its position in the market given more than $2 million in network fees.

Among efforts at the junction of artificial intelligence and cryptocurrencies, Bittensor stands out in trying to provide a distributed platform for artificial intelligence innovation. Its listing shows Grayscale’s awareness of evolving market structure as well as the expanding influence of artificial intelligence on the crypto scene.

Extensive research by Grayscale provides investors with a road map and perceptive analysis of which projects might take front stage in the future months.

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The post Grayscale’s Q4 2024 Report: Prominent Cryptocurrencies appeared first on Coin Engineer.

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In its latest announcement, Coinbase revealed that it will be listing two new altcoins: Aerodrome Finance (AERO) and Velodrome Finance (VELO). However, it is worth noting that AERO will be listed under the experimental label with a high volatility warning.

According to Coinbase’s official statement:

“Aerodrome Finance will be supported on the Base network, while Velodrome Finance will be supported on the Optimism network. Trading for these newly listed altcoins will begin on February 6, 2024, at approximately 20:00 UTC, after liquidity conditions are met.”

Coinbase’s recent listing announcement has created excitement in the cryptocurrency market. The altcoins that are announced to be listed inevitably experience a surge in volume.

In another recent announcement, the exchange added Helium Mobile (MOBILE), an altcoin from the Helium (HNT) ecosystem, to its listing roadmap.

The addition of new altcoins, especially those from the Helium (HNT) ecosystem like Helium Mobile (MOBILE), demonstrates Coinbase’s expanding listing roadmap.

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