The absence of crypto sponsors at IEM Cologne Major highlights a shift in official esports partnerships, yet fan-driven crypto engagement persists.
The post IEM Cologne Major drops crypto sponsors while prediction markets quietly rake in millions appeared first on Crypto Briefing.

The absence of crypto sponsors at IEM Cologne Major highlights a shift in official esports partnerships, yet fan-driven crypto engagement persists. The post IEM Cologne Major drops crypto sponsors while prediction markets quietly rake in millions appeared first on Crypto Briefing.

IEM Cologne Major drops crypto sponsors while prediction markets quietly rake in millions

FlameZ&#8217;s exceptional performance solidifies his status as a top-tier player, potentially influencing team dynamics and future esports strategies.
The post FlameZ achieves best-ever rating in Major map performance appeared first on Crypto Briefing.

FlameZ&#8217;s exceptional performance solidifies his status as a top-tier player, potentially influencing team dynamics and future esports strategies. The post FlameZ achieves best-ever rating in Major map performance appeared first on Crypto Briefing.

FlameZ achieves best-ever rating in Major map performance

Hengli&#8217;s pivot highlights the broader impact of US sanctions on global oil trade dynamics and investor confidence in sanctioned entities.
The post Hengli Petrochemical pivots to West African crude after US sanctions over Iranian oil purchases appeared first on Crypto Briefing.

Hengli&#8217;s pivot highlights the broader impact of US sanctions on global oil trade dynamics and investor confidence in sanctioned entities. The post Hengli Petrochemical pivots to West African crude after US sanctions over Iranian oil purchases appeared first on Crypto Briefing.

Hengli Petrochemical pivots to West African crude after US sanctions over Iranian oil purchases

Crypto analyst Crypto Rover has pointed to a trendline that Bitcoin has never broken below in every market cycle. The leading crypto has now touched this trendline, providing optimism that it could bounce from that level as it did in previous bear cycles. Bitcoin Touches Trendline That Has Led To Parabolic Rallies In an X post, Crypto Rover revealed that Bitcoin has again touched the trendline it has never broken below in 9 years. Instead, BTC has seen parabolic rallies whenever it touches this trendline. In 2017, it rallied 1,300% after touching this trendline; in 2018, it rallied 1,900% after touching it; and in 2020, it rallied another 1,900% after touching it. Bitcoin saw another parabolic rally of 700% after touching this trendline in 2022.  Related Reading: The Verdict Is In For Bitcoin: Majority Of Investors Say BTC Price Is Headed Lower, Here Are The Numbers Now, Bitcoin has once again touched this trendline, offering optimism that it could bounce from this region as it did in past cycles. However, in another X post, Crypto Rover suggested that BTC has not yet found a bottom and could still drop below $60,000 before it bottoms. This came as the analyst alluded to BTC’s realized price.  He noted that the short-term holders’ (STH) realized price at $74,000 has been reached, but that the realized price of $53,600 and the long-term holders’ (LTH) realized price of $50,000 have not been reached. Crypto Rover added that every prior cycle bottom has traded below the realized price and that every major flush has kissed the LTH line. As such, BTC is still likely to see another move down before it bottoms.  Bitcoin is also at risk of another decline with the U.S.-Iran war escalating again. The U.S. carried out strikes against military targets in Iran, which led to retaliatory attacks against U.S. military bases in the Gulf region.  A Drop Below $50,000 Is Also A Possibility Crypto analyst Ali Martinez has indicated that Bitcoin could still drop below $50,000. This came as he pointed to the Investor Price, which he noted is currently $48,300. He said that this level is a key area he is watching for long-term accumulation. The analyst had described this metric as one of the most important BTC on-chain metrics.  Related Reading: This Bitcoin Chart Shows What To Expect For The Next 3 Months After Major Decision Point Martinez explained that this metric measures the average acquisition price of all economically circulating Bitcoin, filtering out permanently lost coins to provide a more realistic market-wide cost basis. However, it is worth noting that the analyst had earlier said that there were signs that BTC was about to reach a market bottom. He pointed to the 1.0-0.8 MVRV bands, which align at $53,900 and $43,150. At the time of writing, the Bitcoin price is trading at around $62,600, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Crypto Rover has pointed to a trendline that Bitcoin has never broken below in every market cycle. The leading crypto has now touched this trendline, providing optimism that it could bounce from that level as it did in previous bear cycles. Bitcoin Touches Trendline That Has Led To Parabolic Rallies In an X &#8230;

Bitcoin Has Never Broken This Line Before And Price Just Touched It Again

Iran&#8217;s fortification of Kharg Island signals heightened regional tensions, potentially increasing the likelihood of broader conflict scenarios.
The post Iran fortifies Kharg Island amid US threat appeared first on Crypto Briefing.

Iran&#8217;s fortification of Kharg Island signals heightened regional tensions, potentially increasing the likelihood of broader conflict scenarios. The post Iran fortifies Kharg Island amid US threat appeared first on Crypto Briefing.

Iran fortifies Kharg Island amid US threat

MOUZ&#8217;s strong start at the Budapest Major highlights their potential resurgence, impacting their legacy and the competitive esports landscape.
The post MOUZ kicks off StarLadder Budapest Major with dominant Stage 3 opening appeared first on Crypto Briefing.

MOUZ&#8217;s strong start at the Budapest Major highlights their potential resurgence, impacting their legacy and the competitive esports landscape. The post MOUZ kicks off StarLadder Budapest Major with dominant Stage 3 opening appeared first on Crypto Briefing.

Cryptocurrency price in TWD

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