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Two overlooked indicators are alerting traders to massive potential price increases. Cointelegraph Markets Pro gives members access to multiple strategies for finding weekly crypto winners. This article outlines how to use two overlooked indicators that, based on historical data, have been able to alert traders to massive potential price increases. These indicators can also be indispensable tools for asset discovery. When these indicators are abnormally high, they warrant a closer look at the featured assets to investigate the reasons behind the abnormal volume dynamics. Before diving in, it’s important to understand this point: Cointelegraph Markets Pro is made up of multiple, real-time, AI-driven indicators, that provide members multiple opportunities to get into select assets before — or just as — their prices take off. These indicators can be used individually or in tandem to make informed Trading decisions. And that’s why, every week, members can look forward to finding winning a...

Dogecoin and Elon Musk have a long history together. So every positive news regarding Elon Musk and Twitter gives a boost of adrenaline to DOGE’s price. As Watcher.Guru reported earlier, Twitter has begun applying for regulatory licenses to enter the payment business in the US. The acquisition of Twitter by Elon Musk has been creating headlines in 2022, as the $44 billion acquisition had been dragging on for various reasons. The latest news that surfaced also means that Twitter is diversifying itself to add a new revenue source. Read more: ChatGPT: Can it Pave the Way for a Crypto ETF Creation? Elon Musk has been forever an avid supporter of Dogecoin . He has frequently shown support for the meme coin, and his positive tweets about DOGE also caused a short-lived hike in DOGE’s price. Musk’s acquisition of Twitter also had a great impact on its price, which soared by over 100% in anticipation of its incorporation into Twitter . Now, post the new announcement, Dogecoin s...

Image Source: Pixabay An Ontario man has allegedly lost his home plus his entire life savings after falling victim to a crypto scam.  Stephen Carr of Meaford got involved with the scam after watching a YouTube video that promised he could make large amounts of money trading commodities, foreign currencies, and cryptocurrencies. To test the waters, Carr started with a $250 investment and poured another $2,500 after seeing his investment grow.  At one point, the Canadian resident asked for a $1,000 withdrawal, which he received and gave him confidence the website was legitimate. Subsequently, he invested his life savings of $498,000 from a period in October 2022 to January 2023, as per a report by CTV News Toronto.  “What I didn't know at the time is this trading platform I was on was a simulation, it wasn't connected to anything, like a flight simulator that’s not connected to a real airplane,” he told the outlet. After his i...

Sam Bankman-Fried, the disgraced co-founder of FTX, is seeking access to crypto assets associated with FTX and Alameda Research, according to a letter written by his attorney, Mark Cohen. Cohen insists that the existing bail conditions “related to crypto asset transfers should be removed.” Bankman-Fried’s Legal Team Argues for Removal of 2 Bail Conditions In a letter to the Southern District of New York (SDNY) judge Lewis Kaplan, Sam Bankman-Fried’s attorney, Mark Cohen, explains that his team believes Bankman-Fried’s current bail conditions are unfair and should be removed. Bankman-Fried was indicted by a federal grand jury in Manhattan and faces eight charges, including wire fraud, conspiracy to commit commodities fraud, conspiracy to commit securities fraud, money laundering, conspiracy to defraud the Federal Election Commission, and campaign finance violations. The former FTX CEO was released on bail and the court’s Judge Kaplan imposed certain...

Tesla CEO Elon Musk has said that he is still open to the idea of eating a happy meal on live television, given that McDonald’s accepts Dogecoin (DOGE) as payment. The billionaire made the statement in 2022, but McDonald’s has yet to follow through on its part. Today, the claims surfaced again as McDonald’s received a reply to its Tweet from the Tesla boss. The fast food chain asked its followers what it missed. Musk responded with an “oh hi lol.” Musk’s response got a reply from the Dogecoin -focused page “DogeDesigner,” who asked the billionaire if his offer of eating a happy meal on live television was still open. Musk replied with a “100,” meaning yes. 💯 — Mr. Tweet (@elonmusk) January 27, 2023 What’s most interesting is that McDonald’s replied to Binance’s response on its tweet with “wagmi.” “Wagmi” is a cryptocurrency abbreviation for “we...

Bitcoin price has been on a tear, but analysts warn that resolving the U.S debt limit issue could trigger sharp downside for risk assets like BTC. For much of 2022, the crypto market focused on the U.S. Federal Reserve's actions. The central bank created a bearish environment for risk-on assets like Stocks and Cryptocurrencies by increasing the Interest Rates on borrowing.  Toward the end of 2022, positive economic data, healthy employment numbers and a decreasing inflation rate provided hope that a much-awaited slowdown in the rate of interest rate hikes would occur. Currently, the market expects the rate hikes to reduce from 50 basis points (bps) to 25 bps before the complete end of the hike regime by mid-2023. From the perspective of the Fed's goal of constraining liquidity and providing headwinds to an overheated economy and stock market, things are starting to improve. It appears that the Fed's plan of a soft-landing by quantitative tightening to curb inflation witho...

Join Our Telegram channel to stay up to date on breaking news coverage The year-to-date asset return report by Wall Street giant Goldman Sachs has classified Bitcoin as the best-performing asset of 2023. This development comes amid a bold recovery in the cryptocurrency market since the year started, with the total market capitalization holding levels past $1 trillion. Goldman Sachs classifies Bitcoin as the best-performing asset Bitcoin suffered a major blow during the 2022 crypto winter, with the token shedding over two-thirds of its value from its all-time highs. However, since the start of 2023, the trend seems to be reversing. Bitcoin has been up by 37% over the past month. The Goldman Sachs report assessed some of the Features of Bitcoin and classified its superiority against other assets like gold, real estate, the S&P 500, and Nasdaq 100. The report further notes that Bitcoin has stood higher than other assets such as energy, information technology, MSCI, and heal...

Bitcoin is still in line for a breakout, analysis concludes, as short-term weakness sees BTC price fall below $22,500. Bitcoin (BTC) saw weakness at the Jan. 25 Wall Street open as United States equities fell in step.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price faces stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading below $22,500 after failing to crack resistance near five-month highs. U.S. stocks saw a weak start to the session, the S&P 500 and Nasdaq Composite Index down 1.1% and 1.6%, respectively at the time of writing. Bitcoin bulls had themselves faced trouble attempting to push into an area of liquidity above $23,400, this so far remaining unchallenged and home to a significant number of would-be short liquidations. Traders remained on the fence, hoping that a clearer trading signal would come after several days of essentially sideways price action. “This is what I am looking for on Bitcoin with a correct...

A long-dormant Ether whale who participated in the Ethereum Initial Coin Offering (ICO) might be about to stake a massive 32,015 ETH tokens, according to on-chain analytics-focused Twitter account @lookonchain. The ICO participant staked 48,992 ETH back in October, ending six years of dormancy at the time. According to @lookonchain, the whale transferred 32,015 ETH tokens to a new address earlier this week, which they think the whale may be about to stake. The Ethereum ICO whale received 120,000 ETH tokens at the genesis of the Ethereum mainnet in 2015 across three separate wallets. If they do stake a further 32,015 tokens, that means the whale will have staked 67.5% of the 120,000 tokens they received at the Ethereum ICO. More ETH Shifts Towards Staking The above-noted whale’s (possible) shift towards staking a greater portion of its ETH holdings reflects a shift in the ETH market. ETH staking first became possible on the beacon chain back in late 2020. But up...

According to South Africa’s Office of the FAIS Ombud, an independent dispute resolution office, individuals with crypto-related grievances that occurred after Oct. 19, 2022, can now formally submit such complaints on the agency’s website. However, the Office of the FAIS Ombud insisted that all complaints that occurred before crypto assets were designated financial products will not be considered and should not be resubmitted. Code of Conduct for Crypto Asset Service Providers The South African government agency charged with investigating and resolving complaints in terms of the Financial Advisory and Intermediary Services (FAIS) Act recently said it can now “investigate complaints against existing registered financial service providers who offer advice on cryptocurrency.” According to the agency, which is known as the Office of the FAIS Ombud, the recent designation of crypto assets as financial products has made this possible. In a news article published on i...

Bitcoin price continues to press higher this week as demand for stablecoins and a key BTC price metric suggests bulls have a “healthy appetite.” Bitcoin (BTC) rallied 11% between Jan. 20 and Jan. 21, reaching the $23,000 level and shattering bears' expectations for a pullback to $20,000. Even more notable is the move brought demand from Asia-based retail investors according to data from a key stablecoin premium indicator. Traders should note that the tech-heavy Nasdaq-100 index also gained 5.1% between Jan. 20 and Jan. 23, fueled by investors' hope in China reopening for business after temporary shutdowns caused by the CCP’s virus contagion measures and weaker than expected economic data in the U.S. and the Eurozone. Another bit of bullish information came on Jan. 20 after U.S. Federal Reserve governor Christopher Waller reinforced the market expectation of a 25 basis point interest rate increase in February. A handful of heavyweight companies are expected to report their lat...

Join Our Telegram channel to stay up to date on breaking news coverage Axie Infinity (AXS) has recorded an impressive rally since the onset of 2023, surprising cryptocurrency analysts as the blockchain-based gaming token surged almost 85% since the New Year. In the last week alone, the Axie Infinity price is up 40%, and the upward trend appears to be growing. At the time of writing, the AXS token has surged 40% to trade at $12.77 (56% since Sunday’s opening), with a 24-hour trading volume of $1.4 billion and a live market cap of $1.3 billion, putting it at #41 on CoinMarketCap. Notably, the trading volume recorded is a 994% increase from the previous trading session. With this 24-hour price track, AXS approaches the four-month high of $13.94. Axie Infinity Team To Counter The $64 Million Token Unlock Bearish Catalyst With Positive News The recent price rally for Axie Infinity can be attributed to the company co-founder Jeffrey Zirlin’s announcement that they were w...

The host of Mad Money, Jim Cramer, has thanked Securities and Exchange Commission (SEC) Chairman Gary Gensler for standing up to the “crypto bullies” who want the regulator to approve a spot bitcoin exchange-traded fund (ETF). Cramer has repeatedly warned about the SEC cracking down on uncompliant crypto firms, urging investors to get out of the asset class now. Jim Cramer Praises SEC Chairman Gary Gensler The host of CNBC’s Mad Money show, Jim Cramer, has thanked the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, for not approving a spot bitcoin exchange-traded fund (ETF). Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. The Mad Money host tweeted Friday: Thank you, SEC Chief Gary Gensler for standing up to the crypto bullies who wanted an ETF. They could have been blown to kingdom come by Genesis Global, now filing for bankruptcy. Crypto lender Genesis Global Capital LLC i...

According to various reports, investors are reportedly interested in purchasing Coindesk, a Cryptocurrency News publication. On Jan. 18, Wang Feng, founder of China-based news publication Marsbit, announced his intentions to purchase Coindesk along with other members of the crypto industry. This news follows a report from Semafor at the end of November 2022 stating that Coindesk had received takeover solicitations from several investors. Coindesk’s Alleged Asking Price: $200 Million or More as Charles Hoskinson and Marsbit Express Interest in Purchase Investors are reportedly considering purchasing the Cryptocurrency News publication Coindesk after a subsidiary of Digital Currency Group (DCG), Genesis Global Capital, filed for bankruptcy protection. Coindesk is an independently operated news and conference business that is wholly owned by DCG. According to Charles Hoskinson, co-founder of Ethereum and founder of Cardano, sources familiar with the matter have indicated that th...

With news of the crypto firm’s preparing for insolvency coming on Jan 18, cryptocurrency lender Genesis has officially filed for Chapter 11 bankruptcy. The firm has been embroiled in a very public dispute with cryptocurrency firm Gemini. This was prior to charges filed against them both by the U.S. Securities and Exchange Commission. JUST IN: #Crypto firm Genesis files for Chapter 11 bankruptcy. — Watcher.Guru (@WatcherGuru) January 20, 2023 Now, following the reports from Bloomberg on the firm’s preparations, they have officially filled. Chapter 11 bankruptcy protection is common among corporations and has been a path trailed by previous crypto platforms in the last year that suffered similar fates. One such firm was FTX. Genesis Officially Seeks Chapter 11 Protections The year has begun with a plethora of headlines featuring the cryptocurrency firms Genesis and Gemini. The two entities have been engaged in a very public conflict. This resulted in t...