Uncategorized
Ether’s Price Chart Now Mirrors a Pattern That Foretold Bitcoin’s Record Rally

Ethereum has recently been making waves for the right reasons, providing bullish cues to its native token, ether (ETH). Now, the cryptocurrency’s price chart reveals a compelling pattern reminiscent of the set-up in bitcoin (BTC) before it chalked out a record rally last month.
Ether’s three-line break chart, which filters out day-to-day noise and erratic price movements, shows the cryptocurrency’s eight-month corrective trend, characterized by lower highs and lower lows, has ended and the broader uptrend from the October 2023 lows near $1,500 has resumed.
Such breakouts often trigger a bullish cascading effect on price by attracting new buyers and forcing out sellers that restricted price rallies during consolidation.
Bitcoin witnessed a <a href=»https://www.coindesk.com/markets/2024/10/15/this-chart-indicates-bitcoin-may-be-headed-for-record-highs-above-73k» target=»_blank»>similar breakout in mid-October</a>, signaling a rally to the then-record highs above $73,000. BTC has since surged 45% to over $96,000, according to data source TradingView and CoinDesk.
While traders track price patterns to gauge trend strength and changes, they don’t always work as intended and fundamental factors can single-handedly make or break trends.
That said, the recent activity on the ethereum network supports the bullish case in ETH. The <a href=»https://www.coindesk.com/tech/2024/11/27/the-protocol-bitcoin-bridged-trustlessly-to-l2-ethereums-blob-mob» target=»_blank»>number of «blobs» posted</a> on the Ethereum network by the layer 2 protocols surged in November. Posting blobs incurs fluctuating fees paid in ether, which are burned like regular transaction fees, taking out ETH’s supply from the market.
Meanwhile, mainstream investor interest in the token is rising. On Friday, the nine spot ether ETFs listed in the U.S. accumulated $332.9 million in inflows, the highest single tally since inception, <a href=»https://farside.co.uk/eth/» target=»_blank»>according to Farside Investors</a>.
Read more: <a href=»https://www.coindesk.com/markets/2024/10/15/this-chart-indicates-bitcoin-may-be-headed-for-record-highs-above-73k» target=»_blank»>This Chart Indicates Bitcoin May Be Headed for Record Highs Above $73K</a>
Uncategorized
CoinDesk 20 Performance Update: NEAR Gains 11.7%, Leading Index Higher Over Weekend

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 2538.74, up 3.0% (+74.8) since 4 p.m. ET on Friday.
Nineteen of 20 assets are trading higher.
Leaders: NEAR (+11.7%) and APT (+8.7%).
Laggards: BCH (-0.5%) and XRP (+1.9%).
The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Uncategorized
Coinbase-Backed Zora to Airdrop Token After a Week of Contentious Promotions

Onchain social media platform Zora said its ZORA token will go live on April 23, days after it gained viral traction on X after a push from the Base network team.
It outlined two snapshots for the drop in an X post, one covering activity from January 1, 2020, to March 3, 2025, and another from March 3 to April 20, 2025.
Snapshots are the ability to record the state of a blockchain at a specific point in time, often used to reward users in tokens based on their activity on that blockchain over a specific time period.
The Coinbase-backed Zora came into the spotlight last week after a push from Base creator Jesse Pollack on how the platform allowed the creation of “content coins” — or tokens that represented their underlying picture or word phrases in a tradeable form.
Pollack’s amplifications of several Zora-created tokens drew hype and activity to the platform, with user count and token creation setting records late last week. It attracted over 230,000 “new” traders (or wallets that interacted with the platform for the first time) on Sunday, data shows.
Base’s official X account posted about one such token, called «Base is for everyone,” which sent its market cap soaring from a few thousand to over $17 million within hours.
Blockchain sleuths later found three crypto wallets bought the tokens ahead of the official announcement — netting them a profit of $666,000, as reported.
Crypto exchange Coinbase, which develops and maintains Base, told CoinDesk at the time that is for everyone coin is not the official cryptocurrency of Base, and the layer 2 did not directly sell those.
Announcement of a token following such promotions has sent X users erupted with accusations of insider trading and poor communication.
“So it was literally an airdrop shill to create hype and liquidity for a dump of supply controlled by Coinbase Ventures? Got it,” snarked user @DCBcrypto.
Others, like @KienNguyen_NFT, predicted “Day 1 listing + insiders making 8 figs incoming,” while @blknoiz06 gave a backhanded compliment: “good marketing.”
Pollack has since squashed rumors of the Zora promotions being a marketing campaign, however.
Uncategorized
Strategy Buys $555M of Bitcoin, Increases Total Stash to 538,200 BTC

Strategy (MSTR) has added 6,556 bitcoin (BTC) to its balance sheet, spending $555.8 million in the process, according to a regulatory filing published on Monday.
The purchase was funded using proceeds from the company’s two at-the-market (ATM) stock offering programs, the filings notes.
The firm, the largest corporate holder of bitcoin, sold 1.76 million shares of its Class A common stock and over 91,000 shares of a preferred stock series — STRK — between April 14 and April 20.
The common stock sale brought in $547.7 million, while the preferred shares added another $7.8 million. The latest acquisition boosts Strategy’s total holdings to 538,200 BTC, purchased at an average price of $67,766 per coin.
The Michael Saylor-led company has spent $36.47 billion on bitcoin to date. Shares of MSTR are up 2.77% in pre-market trading as BTC rose to $87,300.
-
Fashion6 месяцев ago
These \’90s fashion trends are making a comeback in 2017
-
Entertainment6 месяцев ago
The final 6 \’Game of Thrones\’ episodes might feel like a full season
-
Fashion6 месяцев ago
According to Dior Couture, this taboo fashion accessory is back
-
Entertainment6 месяцев ago
The old and New Edition cast comes together to perform
-
Sports6 месяцев ago
Phillies\’ Aaron Altherr makes mind-boggling barehanded play
-
Business6 месяцев ago
Uber and Lyft are finally available in all of New York State
-
Entertainment6 месяцев ago
Disney\’s live-action Aladdin finally finds its stars
-
Sports6 месяцев ago
Steph Curry finally got the contract he deserves from the Warriors