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Bitcoin bulls ‘in control’ as long as price holds above $66.5K: Analysts

Bitcoin solidifying its position “above all key moving averages” suggests that bulls are “firmly in control” as long as the price holds above $66,500.

Bitcoin bulls will keep the upper hand over bears as long as the price holds above $66,500, after the asset has positioned itself above “all key moving averages,’ according to crypto analysts.

“This breakout suggests that bulls are firmly in control, and as long as BTC remains above the $66,500 level, the trend should remain constructive,” crypto exchange Kraken analysts opined in an Oct. 26 market report viewed by Cointelegraph.

The analysts claimed that if Bitcoin (BTC) holds above this price level and the asset continues its “upward movement,” the next critical stage will be the $73,679 all-time high it reached in March.

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Crypto Exchange Kraken Announces Launch of New Ethereum Layer-2 Chain ‘Ink’

Crypto Exchange Kraken Announces Launch of New Ethereum Layer-2 Chain ‘Ink’

US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year. In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi). The blockchain is built on Optimism’s Superchain, a network of interconnected layer-2 chains powered by […]

The post Crypto Exchange Kraken Announces Launch of New Ethereum Layer-2 Chain ‘Ink’ appeared first on The Daily Hodl.

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Kraken Set to Dive Into Blockchain Waters With Its Own Chain, ‘Ink’

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Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi

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US-Based Crypto Exchange Announces Launch of New Kraken Wrapped Bitcoin (kBTC)

US-Based Crypto Exchange Announces Launch of New Kraken Wrapped Bitcoin (kBTC)

The second largest US-based crypto exchange by trading volume is launching a new 1:1 Bitcoin (BTC)-pegged token. According to a new announcement, Kraken just dropped Kraken Wrapped Bitcoin (kBTC), a wrapped BTC token fully backed by the exchange. “We are thrilled to launch Kraken Bitcoin (kBTC), a fully backed, cross-network-compatible ERC-20 representation of Bitcoin custodied […]

The post US-Based Crypto Exchange Announces Launch of New Kraken Wrapped Bitcoin (kBTC) appeared first on The Daily Hodl.

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024

Introducing iCloud backup for Kraken Wallet

Kraken Wallet now offers encrypted iCloud backups for your secret recovery phrase (SRP). This feature provides a simple and secure way to store your SRP and recover your wallet, helping ensure you always have access to your cryptoassets.  Self-custody with peace of mind Kraken Wallet users enjoy the freedom of self-custody, retaining full control over […]

The post Introducing iCloud backup for Kraken Wallet appeared first on Kraken Blog.

Chainalysis: Stablecoins Emerge as the Cornerstone of Illicit Crypto Activity in 2024