Bitcoin September 27 options data
Artificial Superintelligence Alliance (FET) broke out from its downward trend on August 22. FET has extended gains to a peak of $1.477 on Tuesday and corrected back since then. If bullish momentum returns, particularly if Nvidia earnings give a push to AI-related crypto tokens, FET could rally towards $1.500, adding nearly 15% to its value.
The Moving Average Convergence Divergence (MACD) momentum indicator flashes green histogram bars above the neutral line, signaling an underlying positive momentum in FET’s price trend.
The Relative Strength Index (RSI) reads 64, below the overbought zone. Traders need to watch out for RSI breaking into the overbought zone, as that generates a sell signal.
FET/USDT daily chart
Looking down, the Artificial Intelligence (AI) token could find support in the Fair Value Gap (FVG) extending between $1.050 and $1.200.
Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied.
— Ray Youssef (@ray_noOnes) August 26, 2024
Your funds are SAFU at @noonesapp tho.
In accordance with the authority delegated to me by the Minister of Defense, according to Section 61(a)… pic.twitter.com/RYlsFmlh2i
TON Blockchain is currently experiencing a disruption in block production.
— TON (@ton_blockchain) August 28, 2024
The issue is occurring due to the abnormal load currently on TON. Several validators are unable to clean the database of old transactions, which has led to losing the consensus.
TON Core has issued a call…
NVIDIA is about to report earnings, and as the brightest star stock in the U.S. at the moment, major markets are focusing on the impact of the earnings report on the broader U.S. stock market.
— Greeks.live (@GreeksLive) August 28, 2024
Cryptocurrencies are down recently, yesterday's sharp decline superimposed on Nvidia… pic.twitter.com/AWiQrp7azG
Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money. This form of payment cannot be controlled by any one person, group, or entity, which eliminates the need for third-party participation during financial transactions.
Altcoins are any cryptocurrency apart from Bitcoin, but some also regard Ethereum as a non-altcoin because it is from these two cryptocurrencies that forking happens. If this is true, then Litecoin is the first altcoin, forked from the Bitcoin protocol and, therefore, an “improved” version of it.
Stablecoins are cryptocurrencies designed to have a stable price, with their value backed by a reserve of the asset it represents. To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar (USD), with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.
Bitcoin dominance is the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined. It provides a clear picture of Bitcoin’s interest among investors. A high BTC dominance typically happens before and during a bull run, in which investors resort to investing in relatively stable and high market capitalization cryptocurrency like Bitcoin. A drop in BTC dominance usually means that investors are moving their capital and/or profits to altcoins in a quest for higher returns, which usually triggers an explosion of altcoin rallies.