Latest Crypto News

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    • POL Price Rebound Targets $0.50: Breakout on the Horizon?
      Coinpedia Fintech News - 6 hours ago
      The post POL Price Rebound Targets $0.50: Breakout on the Horizon? appeared first on Coinpedia Fintech News With the altcoins rising, the Polygon (POL) price is below $0.30. As the buying pressure surges, the altcoin teases a trend reversal with a breakout rally.  Will the uptrend in Polygon cross the $0.50 psychological mark as the broader market recovers? Let’s find out more in Coinpedia’s Polygon price analysis. Will Polygon Give A Channel …
    • Ethena (ENA) & Raydium (RAY) Lead the Markets with Over 30% Gains-Here Begins the Biggest Altseason
      Coinpedia Fintech News - 6 hours ago
      The post Ethena (ENA) & Raydium (RAY) Lead the Markets with Over 30% Gains-Here Begins the Biggest Altseason appeared first on Coinpedia Fintech News The probability of a strong altseason has increased as the Bitcoin price has risen. Moreover, the growing Bitcoin dominance fueled the expectation, which appears to become viable as the altcoins continue to gain strength. Presently, the dominance has reached levels around 60% from where the famous 2021 bull run was instigated. While the possibility of …
    • Bitcoin, Ethereum, and Solana Are Set to Explode! Here’s Why
      Coinpedia Fintech News - 6 hours ago
      The post Bitcoin, Ethereum, and Solana Are Set to Explode! Here’s Why appeared first on Coinpedia Fintech News After Struggling for the last six months bitcoin price has finally hit the ATH and touched the $76,200 mark after Donald Trump’s election win. Meanwhile, experts predict that the next few months in the crypto market are about to get wild. Major factors are lining up to send Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) …
    • Former Digital River Employee Charged in $45K Cryptojacking Scheme
      Coinpedia Fintech News - 7 hours ago
      The post Former Digital River Employee Charged in $45K Cryptojacking Scheme appeared first on Coinpedia Fintech News An ex-employee of a Minnetonka-based e-commerce and payment processing organization known as Digital River has been charged for engaging in a cryptojacking scheme that was detrimental to the company.  Assistant United States Attorney Andrew M. Luger spoke on the arrest of 44-year-old Joshua Paul Armbrust of Orr, Minnesota, who is alleged to have used a …
    • XRP Price to Explode if Trump Fires SEC Chair Gary Gensler! Here’s Why
      Coinpedia Fintech News - 7 hours ago
      The post XRP Price to Explode if Trump Fires SEC Chair Gary Gensler! Here’s Why appeared first on Coinpedia Fintech News Crypto commentator Ben Armstrong, widely known as BitBoy, has a striking forecast for XRP: he believes its price could skyrocket if President-elect Donald Trump follows through on his campaign promise to remove SEC Chair Gary Gensler. Trump’s pro-crypto stance has already stirred excitement in the crypto markets, with Bitcoin surging past $76,400 on the news …
    • Coinbase Premium Index Soars as Trump’s 2024 Victory Fuels Market Surge
      Coinpedia Fintech News - 7 hours ago
      The post Coinbase Premium Index Soars as Trump’s 2024 Victory Fuels Market Surge appeared first on Coinpedia Fintech News The victory of Republican candidate Donald Trump over Democratic candidate Kamala Harris in the 2024 US election has been confirmed. Since November 5, the Bitcoin market has grown by at least 10.61%. Yesterday, the market broke above the crucial $73,000 level, setting a new all-time high. The big question now is: could this be the …
    • Why Trump’s Win Could Spark a New DeFi Boom for Ethereum
      Coinpedia Fintech News - 8 hours ago
      The post Why Trump’s Win Could Spark a New DeFi Boom for Ethereum appeared first on Coinpedia Fintech News Ethereum’s recent performance has many wondering if the cryptocurrency is on the rise again, and with Donald Trump potentially bringing in a crypto-friendly administration, the conditions could be right for a new DeFi surge. Ethereum (ETH) just broke past the $2,800 mark—its highest level since August, pulling it out of a slump where it lingered …
    • Ethereum ETF Inflows Hit 6-Week High as ETH Hits $2.9K, Analyst Says “ETH Still Cheap To Buy”
      Coinpedia Fintech News - 8 hours ago
      The post Ethereum ETF Inflows Hit 6-Week High as ETH Hits $2.9K, Analyst Says “ETH Still Cheap To Buy” appeared first on Coinpedia Fintech News The cryptocurrency market has been experiencing a surge in buying activity after Donald Trump won the U.S. presidential election for the 2nd time. Meanwhile, Bitcoin, the largest cryptocurrency by market cap, surged 10%, reaching a new ATH of $76,203. Ethereum isn’t far behind, surging to $2,878, while its Spot ETF sees record-breaking inflows. Does this …
    • Crypto Fear and Greed Index Shows Extreme Greed—Could Bitcoin See a Market Correction?
      Coinpedia Fintech News - 8 hours ago
      The post Crypto Fear and Greed Index Shows Extreme Greed—Could Bitcoin See a Market Correction? appeared first on Coinpedia Fintech News Bitcoin has surged past $76,000, sparking “Extreme Greed” among investors, as revealed by the Crypto Fear & Greed Index. This high level of greed signals strong optimism but also warns of a potential market correction. The spike comes in the wake of Donald Trump’s presidential victory, which has led to renewed enthusiasm in the crypto …
    • France to Ban Polymarket After $3.5 Billion Bet on U.S. Elections
      Coinpedia Fintech News - 9 hours ago
      The post France to Ban Polymarket After $3.5 Billion Bet on U.S. Elections appeared first on Coinpedia Fintech News France’s gambling watchdog, the Autorité Nationale des Jeux (ANJ), is planning to ban Polymarket, a crypto-based betting platform, for operating illegally in the country. The decision follows Polymarket’s rise in popularity after a French user made large bets on the U.S. presidential election. Over $3.5 billion was wagered on the U.S. election alone. While the …
    • Benjamin Cowen Issues Bitcoin Alert, Says Potential Plunge ‘That Scares People’ Incoming – Here’s His Outlook
      The Daily Hodl - 6 hours ago
      Widely followed analyst Benjamin Cowen is issuing a warning on Bitcoin (BTC) as the flagship crypto asset trades near its all-time high. In a new video, Cowen tells his 820,000 YouTube subscribers that Bitcoin could turn bearish around one month after the US general election. “I just want to put that out there as one […] The post Benjamin Cowen Issues Bitcoin Alert, Says Potential Plunge ‘That Scares People’ Incoming – Here’s His Outlook appeared first on The Daily Hodl.
    • Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results
      The Daily Hodl - 9 hours ago
      Donald Trump won the US presidential election on Tuesday, but Bitwise chief investment officer Matt Hougan thinks crypto was already on a long-term path to adoption regardless of who took the White House. Hougan noted in a recent analysis prior to the election that a Trump victory would help reduce regulatory risk for altcoins. However, […] The post Bitwise CIO Matt Hougan Says Wall Street and Institutions Will Adopt Crypto Regardless of Election Results appeared first on The Daily Hodl.
    • Crypto Wallets As Digital Identities – The Future of Personal Data in Web 3.0
      The Daily Hodl - 12 hours ago
      Digitalization is everywhere, and it’s not an exemption for finance. Crypto wallets, though slowly, penetrate our lives actively – their usage is steadily growing. Their main function is to store cryptocurrency. But today, crypto wallets actively go beyond that main function and transform into a tool for a digital identity. This isn’t a fiction – […] The post Crypto Wallets As Digital Identities – The Future of Personal Data in Web 3.0 appeared first on The Daily Hodl.
    • Only Three Groups of Crypto Assets Will Witness Huge Rallies This Cycle, According to InvestAnswers
      The Daily Hodl - 16 hours ago
      A closely followed crypto analyst believes three groups of digital assets will have explosive rallies this cycle. In a new video update, the host of InvestAnswers tells his 530,000 YouTube subscribers that Bitcoin (BTC) and two other types of crypto assets are set up for massive rallies. “My thought on what could happen this cycle […] The post Only Three Groups of Crypto Assets Will Witness Huge Rallies This Cycle, According to InvestAnswers appeared first on The Daily Hodl.
    • Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory
      The Daily Hodl - 18 hours ago
      The chief executive of crypto asset management firm Galaxy Digital says that big changes are coming to the digital assets industry following yesterday’s US presidential election. In a new interview with CNBC Television, billionaire Mike Novogratz says that not only are President-elect Donald Trump’s stances pro-crypto, he’s surrounded by individuals who will help the industry […] The post Billionaire Mike Novogratz Says Big ‘Step Change’ Underway for Crypto Industry Following Trump Victory appeared first on The Daily Hodl.
    • Sui Ecosystem Altcoin Explodes 109% As Binance Announces Trading Support
      The Daily Hodl - 20 hours ago
      An altcoin in the Sui (SUI) ecosystem is skyrocketing after suddenly gaining support from Binance. In a new announcement, the world’s largest crypto exchange platform by volume says that it will be adding trading support for Cetus (CETUS), a decentralized exchange (DEX) and concentrated liquidity protocol on the Sui blockchain. According to Binance, CETUS opens […] The post Sui Ecosystem Altcoin Explodes 109% As Binance Announces Trading Support appeared first on The Daily Hodl.
    • Bitcoin Price Shatters $75,800 As Senator Cynthia Lummis Promises Strategic BTC Reserve
      The Daily Hodl - 20 hours ago
      Bitcoin is soaring on optimism that President-elect Trump will follow through on his promise to support Bitcoin and the crypto industry at large. Republicans have won control of the Senate, with the House still up for grabs. And as the future balance of power comes into focus, Wyoming Republican Senator Cynthia Lummis is promising the […] The post Bitcoin Price Shatters $75,800 As Senator Cynthia Lummis Promises Strategic BTC Reserve appeared first on The Daily Hodl.
    • Banking Giant Standard Chartered’s Crypto Custodian in Talks for $50,000,000 Capital Raise: Report
      The Daily Hodl - 21 hours ago
      A crypto custody business that’s majority-owned by the world’s 44th-largest bank is reportedly planning to raise more capital. Bloomberg reports that Zodia Custody Ltd, a subsidiary of Standard Chartered, is in talks to secure approximately $50 million in funding from investors. According to Zodia Custody chief executive Julian Sawyer, the capital raise will help fund […] The post Banking Giant Standard Chartered’s Crypto Custodian in Talks for $50,000,000 Capital Raise: Report appeared first on The Daily Hodl.
    • 269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto
      The Daily Hodl - 21 hours ago
      Coinbase-backed digital asset advocacy group Stand With Crypto says that over 250 pro-crypto candidates were voted into Congress. According to the non-profit organization, last night’s presidential election – which saw Donald Trump defeat Vice President Kamala Harris – also included victories for 257 pro-crypto candidates in the House and 16 in the Senate. However, Stand […] The post 269 Pro-Crypto Candidates Voted In to House of Representatives and Senate: Stand With Crypto appeared first on The Daily Hodl.
    • Legendary Trader Peter Brandt Says Dogecoin All-Time Highs Near, Predicts Bitcoin Will ‘Rock’ Gold – Here’s Why
      The Daily Hodl - 22 hours ago
      Veteran trader Peter Brandt says that Bitcoin (BTC) is set to vastly outperform gold after printing a bullish pattern on the longer-term chart. Brandt shares a chart with his 745,000 followers on the social media platform X showing Bitcoin in a clear uptrend when priced in gold (BTC/XAU). According to Brandt, BTC/XAU has printed a […] The post Legendary Trader Peter Brandt Says Dogecoin All-Time Highs Near, Predicts Bitcoin Will ‘Rock’ Gold – Here’s Why appeared first on The Daily Hodl.
    • Solana Surges as Donald Trump Reelection Sparks ETF Optimism
      Decrypt - 6 hours ago
      Solana “has an opportunity to move alongside BTC and ETH, cementing itself as a major if it gains ETF approval,” an analyst told Decrypt.
    • SEC Seeks Court Approval to Dismiss Kraken’s Major Legal Defenses
      Decrypt - 11 hours ago
      Kraken’s attorney, Michael O’Connor, criticized the SEC’s move on Wednesday, calling it an ‘Election Day gambit.’
    • Will the Fed’s Expected Rate Cut Matter Much for Bitcoin?
      Decrypt - 12 hours ago
      Lower interest rates reduce borrowing costs, increase consumer spending, and make traditionally safer investments like bonds less appealing.
    • Polymarket Faces Potential Ban in France After Raking in $3.5B from US Election: Report
      Decrypt - 13 hours ago
      France’s gambling authority is reportedly preparing to ban the prediction market platform, according to a local media report.
    • AI Advocates See Trump Re-election as Industry Boost but Urge Caution on Policy
      Decrypt - 14 hours ago
      A priority of the next administration will be protecting the US’s position as an international AI leader, an issue Trump has promised.
    • BlackRock's Bitcoin ETF Clinches Record $4 Billion Trading Volume Amid Trump Win
      Decrypt - 15 hours ago
      While IBIT outperformed its rivals on the day, the category still recorded $6 billion in total volume across all funds
    • US Election Results a Validation on Prediction Markets, Crypto Experts Say
      Decrypt - 18 hours ago
      As far as winners go, Trump wasn’t the only one emerging victorious on Election Day, with predictions markets seemingly vindicated.
    • Here Is Today's 'Tomarket' Telegram Game Daily Combo
      Decrypt - 18 hours ago
      Telegram game Tomarket is handing out free tomatoes and bonus items ahead of the airdrop. Here’s the combo for Wednesday, November 6.
    • Here Is Today’s 'Captain Tsubasa: Rivals' Telegram Game Daily Combo
      Decrypt - 18 hours ago
      Anime soccer game Captain Tsubasa: Rivals gives out 5 million free daily balls ahead of the TON token airdrop. Here’s the combo for Wednesday, November 6.
    • Here Is Today’s 'Major' Telegram Game Puzzle Durov Combo
      Decrypt - 18 hours ago
      Looking to complete Major’s daily Pavel Durov puzzle on Telegram? Here’s the solution updated on Tuesday, November 5.
    • Play Games, Earn Bitcoin: The Best iOS and Android Games That Pay You BTC
      Decrypt - 18 hours ago
      You can stack up satoshis while playing Bitcoin games on iOS and Android—and these are actually fun.
    • AI is Boosting Developer Ranks Not Replacing Jobs: GitHub
      Decrypt - 18 hours ago
      Despite predictions of AI eliminating coding jobs, GitHub’s 2024 report reveals record-breaking growth and development.
    • JP Morgan Rebrands Blockchain Platform, Plans On-Chain Foreign Exchange Services
      Decrypt - 18 hours ago
      Previously called Onyx, JP Morgan has refreshed its network under the Kinexys name as it rolls out new infrastructure and capabilities.
    • Nintendo Switch 2 Preview: Everything You Need to Know
      Decrypt - 19 hours ago
      UPDATE: Nintendo says it will indeed play original Switch games—but an industry expert says the Switch 2 reveal won’t come ’til 2025 now.
    • Pro-Crypto FIT21 Bill Likely Dead as Bitcoin Lobby Eyes Bigger Prize: Sources
      Decrypt - 20 hours ago
      The crypto-friendly, bipartisan market structure bill was good enough under a Biden regime. Now things have changed, sources say.
    • Coinbase, Bitcoin Mining Stocks Soar After Trump Win
      Decrypt - 21 hours ago
      Coinbase’s share price has skyrocketed so far on Wednesday, plus other Bitcoin-related stocks are surging on the back of Trump’s reelection.
    • Mystery Prediction Market Whale Made $47 Million Betting on Trump
      Decrypt - 22 hours ago
      Some prediction market bettors made millions on Trump’s projected win, while others lost it all picking Harris for the White House.
    • Bitcoin All-Time High Arrived Right on Time—Here's Why
      Decrypt - 23 hours ago
      Bitcoin surged to a new peak above $75,000 following Donald Trump’s election victory—but BTC is doing what it normally does after the halving.
    • Elon Musk-Themed ‘X Empire’ Telegram Game Token Skyrockets on Trump Win
      Decrypt - 1 day ago
      Coins linked to Elon Musk—officially or otherwise—are on the rise following Donald Trump’s projected election win.
    • 'MemeFi' Telegram Game Delays Sui Token Launch and Airdrop
      Decrypt - 1 day ago
      Tap-to-earn Telegram game MemeFi has set a new token airdrop date following another delay amid the shift to Sui.
    • SEC Chairman Gary Gensler Likely to Resign After Trump Win: Analyst
      Decrypt - 1 day ago
      President-elect Donald Trump can’t fire crypto critic Gary Gensler without cause, but history suggests that the SEC chairman will bow out.
    • Why Bitcoin Price Could Climb Even Higher After Trump Victory, According to Analysts
      Decrypt - 1 day ago
      “In the six months that followed the last three presidential elections, Bitcoin has had triple digit returns,” one analyst noted.
    • US Votes in 'Most Pro-Crypto Congress Ever' as Senate Flips Republican
      Decrypt - 1 day ago
      A total of 247 pro-crypto candidates won seats in the House of Representatives, compared to 113 anti-crypto members, according to Stand With Crypto.
    • Polymarket Resolves U.S. Presidential Election Market After $3.6 Billion Volume
      Decrypt - 1 day ago
      “Trust the markets, not the polls,” Polymarket CEO Shayne Coplan wrote on Twitter.
    • Donald Trump Wins the Presidency: Here's What It Means for Crypto
      Decrypt - 1 day ago
      Donald Trump, who promised big things for crypto during the campaign trail, has become the U.S.’s 47th president.
    • Dogecoin Rallies to Seven-Month High on US Election Wave
      Decrypt - 1 day ago
      A series of pre-election nods from Elon Musk and Donald Trump’s campaign push Dogecoin’s value to its highest since April.
    • Crypto Lobby Secures Major Victory as Sherrod Brown Loses Senate Seat in Ohio
      Decrypt - 1 day ago
      Brown’s loss comes after Fairshake, a pro-crypto super PAC, poured an astonishing $40 million into unseating the Democratic incumbent.
    • Bitcoin Price Hits New All-Time High Amid US Election Hype
      Decrypt - 1 day ago
      Bitcoin just topped its previous peak price from March in the latest surge amid strong ETF demand and a crypto-tinged U.S.
    • Crypto Critic Elizabeth Warren Secures Fourth Term as Massachusetts Senator
      Decrypt - 1 day ago
      Democratic incumbent Elizabeth Warren won her fourth term as Massachusetts Senator, defeating Republican challenger John Deaton.
    • Here’s How US Astronauts Voted From Space
      Decrypt - 1 day ago
      Space station astronauts used NASA’s communications network to cast their ballots from over 200 miles above Earth.
    • How Bitcoin Traders Are Playing the US Election
      Decrypt - 1 day ago
      As Americans await poll results, analysts are already spotting signs of how Bitcoin traders are playing potential Trump or Harris wins.
    • Bitcoin Is Winning on Election Day—These Altcoins Are Doing Even Better
      Decrypt - 1 day ago
      Bitcoin has been volatile Tuesday as voters choose the next American president, but Solana, Dogecoin, and other coins are rising even faster.
    • US Election Day, Large ETF outflows, FWOG hits $380M!
      Decrypt - 1 day ago
      BTC ETF see largest outflows since May. BTC briefly dips below 68k, OI falls $2bn. BTC hashrate hits another ATH. MT Gox transfers $2.2bn BTC to 2 wallets. Crypto prediction markets favour Trump 63%. Major crypto firms launch stablecoin network. Semler Scientific bought $71m BTC in Q3. First UK pension fund buys $65m BTC ETF. Michigan Pension Fund buy ETH ETFs. ETH is Amazon 2.0: 21 Shares. Deutsche Telekom pilots BTC mining scheme. Tether denies plan for blockchain. Citi, Fidelity unveil tokenized FX swaps. Bitget introduces Bitget Pay. a16z send another $23m to crypto PAC. Binance & CZ attempt to squash SEC suit.
    • Trump and Harris Odds in Nevada Flip Flop as Election Day Data Jolts Prediction Markets
      Decrypt - 1 day ago
      Data showing larger-than-expected Democratic voter turnout in Clark County, Nevada led prediction market traders to rethink their bets.
    • Election Day Surge Drives Polymarket to New Volume, Open Interest Records
      Decrypt - 1 day ago
      Political betting pushed prediction market Polymarket to new records on Election Day for both daily trading volume and all-time open interest.
    • BTC dips below $69K, Cobie’s Bullish message, GOAT rebounds above $500M
      Decrypt - 3 days ago
      BTC falls below $69k as Trump’s odds fall. BTC volatility points to ±10% move on election. BTC to $50k if Harris, $80-90k if Trump: Bernstein. We are going to $100k BTC no matter what: Cobie. 21Shares applies for XRP ETF. Singapore pushes for RWA tokenisation rules. UBS launches tokenised fund on ETH. Circle explores issuing stablecoin in Hong Kong. Tether launches Dirham stablecoin on TON. $2.8bn of altcoin unlocks this month. Tron makes 2nd highest ever monthly revenue. SOL saw 120m active addresses last month. EIGEN hits lows as ETH researchers leave. Coinbase called out for zero listing fee claim. Binance earlier accused of wanting 15% for listings.
    • BTC drops below $70k, Coinbase falls most in 2 years, Tether profits soar!
      Decrypt - 6 days ago
      BTC drops below $70k, $500m OI wiped out. BTC ETFs top 1m BTC held. Coinbase falls the most in 2 years. Tether reports $7.7bn profit, holds $100bn treasuries. Franklin Templeton tokenises fund on Base. Trump’s WLFI cuts fundraising target by 90%. Stablecoins should be replaced by CBDC: Treasury. Prison guards asked CZ for token tips. BTC & gold win with Trump election: JP Morgan. Expect friendlier regulation ‘regardless of election’. CryptoCom gets license for stocks in US. Gotbit founder indicted for wire fraud. Venmo can now be used for Uniswap trades.
    • Roland Emmerich Chats New Sci-Fi Show 'Space Nation,' Bitcoin, and AI
      Decrypt - 6 days ago
      Roland Emmerich and Marco Weber join Decrypt to discuss their in development TV show based on crypto game ‘Space Nation Online.’ Emmerich, who will executive produce the upcoming series, is known as the director of Independence Day, The Day After Tomorrow, Stargate, and 2012. As such, many have nicknamed him the ‘master of disaster.’ Joining him as executive producer is Weber who produced of Igby Goes Down as well as The Thirteenth Floor.
    • BTC ETF inflow record, MicroStrategy wants $42B BTC, MOG leads memes
      Decrypt - 1 week ago
      BTC dominance above 60%, altcoins fall. BlackRock BTC ETF sees record inflow day. Coinbase falls 3% pre-market after earnings miss. Coinbase pledges $25m to pro-crypto PAC. MicroStrategy plans to raise $42bn to buy BTC. Canary Capital applies for SOL ETF. SOL DEX volume hits 168% of ETH. Sol Strategies now owns $24m SOL. Kraken cuts 15% of staff. Tokenization could be big trend: US Treasury. Binance unveils wealth management platform. Centralised stablecoins a risk: Curve founder. FTX engineering director set to remain free. Microsoft shareholders begin BTC vote. Nillion raises $50m to create first ‘blind computer’.
    • BTC just Misses ATH, NASDAQ & Gold ATH, LUCE hits $80M
      Decrypt - 1 week ago
      BTC gets to within $175 of ATH. BTC ETF inflow the highest since August. BTC can reach $200k without dollar collapse: Bitwise. Visa allows instant Coinbase deposits. Florida CFO urges state crypto investments. Treasury fails to mention crypto in financial strategy. US at risk of losing crypto leadership: Paxos. Circle raises fees for USDC deposits. dYdX cuts 35% of staff. Kraken offered 25m OP tokens to build L2. DWF partner fired after drink spiking allegations. OKX & TON launch $10m growth fund. STX Nakamoto upgrade goes live.
    • BTC nears ATH, DOGE leads Memecoins, GRASS airdrop hits $1.1B
      Decrypt - 1 week ago
      BTC nears ATH as ETF inflow streak continues. $180m of shorts liquidated in rally. Funds see $24bn of inflows so far in 2024. DOGE up 15% as Elon D.O.G.E. role gains traction. Bhutan moves $66m BTC to Binance. World Liberty Financial to issue stablecoin. Shift4 introduces crypto payments. Show some respect to ETH Foundation: Vitalik. GRASS hits $1.1bn FDV on launch, bandwidth DePin. Phantom goes down amid GRASS airdrop. Chainlink data now available on SOL. Infinex closes $68m patron funding round. Gemini gets exchange approve in Singapore.
    • 'Samurai Shodown R' Game Trailer
      Decrypt - 1 week ago
      A trailer for Samurai Shodown R, a new MMORPG coming to the Sui blockchain and SuiPlay0x1 handheld based on the classic SNK franchise.
    • BTC heads for $70K, Base activity Soars, SPX & POPCAT near ATH
      Decrypt - 1 week ago
      BTC hits golden cross indicator, 2x rally last time. SOL hits ATHs for a number of key metrics. SOL nears golden cross indicator. Base stablecoin transfer volume flips ETH & SOL. Metaplanet becomes Asia’s largest BTC holder. MicroStrategy premium unlikely to last: Steno. Hong Kong floats tax breaks for crypto, more licenses. Hong Kong to introduce BTC & ETH indices. Robinhood launches US elections derivatives trading. TIA & SUI lead altcoin unlocks this week.
    • ETFs near 1M BTC, Tesla soars, MOODENG listed on Binance
      Decrypt - 1 week ago
      BTC ETFs: +$188m, ETH ETFs: +$2m. BTC ETFs near 1m BTC under management. Microsoft to vote on investing in BTC, board opposes. US crypto wallet may have been exploited. Kraken to launch its own ETH L2. Pennsylvania passes crypto rights bill. AI will use crypto rails and manage projects: Toly. Uniswap launches bridging between 9 chains. Ankr integrates TON into Web3 API. Binance exec leaves Nigeria. Lugano unveils Satoshi statue.
    • Vitalik calls out Saylor, Stocks have Worst day in Weeks, GOAT hits $870M
      Decrypt - 2 weeks ago
      BTC ETFs: +$192m, ETH ETFs: +$1m. SOLETH continues to hit new highs, ETH weak. Vitalik calls Saylor’s custody view ‘batshit insane’. BTC to $200k by 2025: Bernstein. BTC options point to jump to $80k post-election. Ripple misses deadline in SEC case. Denmark plans 42% tax on unrealised crypto gains. Ripple CEO debanked by Citigroup.
    • Tudor-Jones Bullish on BTC, Dollar keeps Rising, GOAT hits $750M
      Decrypt - 2 weeks ago
      All roads lead to inflation, own BTC: Tudor-Jones. Saylor plans to give away BTC ‘to civilisation’. India considering banning crypto for CBDC. Metaplanet raises $66m, likely to buy BTC. Peter Todd goes into hiding after Satoshi claims. SEC makes crypto examination priority in 2025. SOL again flips ETH for 24hr fees. AVAX release debit card for payments. Nigeria drops charges against Binance exec. Vitalik writes about future of The Verge for ETH. Buenos Aires builds decentralised ZK ID solution. Azura launches DeFi trading platform. Farcaster makes just $10k in October. LINK announces private transactions.
    • Bringing Crypto's Global Community Together Through 'Immersive Theater'
      Decrypt - 2 weeks ago
      HashKey Capital’s Decode: Legacy experience is going on the road following its debut at Token2049. Decrypt’s Liz Napolitano finds out how the immersive theater experience is helping to foster connections between crypto’s diverse global community, through face-to-face interactions and problem solving.
    • SOL Outperforms, 10y Rises above 4.2%, AI Tokens Dominate flows
      Decrypt - 2 weeks ago
      BTC: 67k (-2%), ETH: 2620 (-4%), SOL: 166 (0%). Top Gainers: APT, UNI, HNT, POPCAT, RUNE, KAS. BTC drops, SOL continues to outperform. PumpFun has sold $78m of SOL fees so far. Raydium flips ETH for 24hr fees. Scroll launches at $1.2bn FDV, disappoints. Crypto only really used for drug deals: Fed’s Kashkari. VanEck adds staking to SOL ETPs in Europe. LINK announces successful results from SWIFT trial. Brevan Howard trades most crypto from UAE. Japanese parties court crypto tax cuts. XRP co-founder donates $10m to Kamala. CFTC chair says agency is ‘handcuffed’ on crypto. Transak exposes 92k customers’ data. Sky may rebrand back to MakerDAO.
    • SOL Breaks out, Stripe Acquires Bridge, GIGA hits $600M
      Decrypt - 2 weeks ago
      BTC briefly tops $70k as OI tops $40bn. SOL outperforms, DEX volume eclipses ETH + L2s. SOLETH has highest weekly close ever. Pension giant L&G look to test tokenisation. BTC hash rate hits ATH. Stripe acquires stablecoin company Bridge for $1.1bn. PumpFun hints at upcoming token. GOAT drops then rebounds as authenticity questioned. GIGA hits new ATH of $600m, FROG hits $250m. MEW up 15% after Upbit listing. Jaypeg called out for misleading promotions. ACK editions sell for $290k.
    • Huge week for BTC ETFs, Crypto now through Venmo, Memes Dominate Gainers
      Decrypt - 2 weeks ago
      BTC ETFs see biggest inflow week since July. BlackRock ETF sees $1bn inflows in a week. Venmo can now be used to buy crypto on Moonpay. SEC’s XRP appeal doesn’t challenge security status. Worldcoin rebrands to World with new orb. EigenLayer X account compromised. FBI arrests hacker of SEC X account. SCB in Thailand adopts stablecoins for transfers. DBS in Singapore adopts ‘token services’. Trump family to get 75% of WLFL revenue. Scroll team accused of owning sybil addresses. STX Nakamoto upgrade to happen next week.
    • FOMC Preview: What The Crypto Market Can Expect From The Fed
      NewsBTC - 5 hours ago
      As the Federal Open Market Committee (FOMC) meets today, the crypto market’s focus is on the Federal Reserve’s forthcoming announcements. Scheduled for 2:00 PM ET are both the Fed Interest Rate Decision and the FOMC Statement, with Fed Chair Jerome Powell’s press conference following at 2:30 PM ET. These events are poised to have significant implications for cryptocurrencies and broader financial markets. What The Crypto Market Can Expect Market participants overwhelmingly anticipate a rate cut. According to the CME FedWatch Tool, 97.5% expect the Federal Reserve to implement a 25 basis points (bps) rate cut. This expectation aligns with recent economic indicators and reflects a consensus that the Fed will continue its cautious monetary easing. “The Federal Reserve is expected to cut the Fed funds rate by 25 basis points at the November 7 meeting. This aligns with market expectations and follows a weaker-than-expected nonfarm payroll report,” Althea Spinozzi, Head of Fixed Income Strategy at Saxo Bank, notes. Related Reading: ‘Crypto Has Already Won’, Regardless Of Trump Or Harris Win: Bitwise CIO The Fed is likely to maintain a measured approach, emphasizing gradual rate cuts over abrupt policy shifts. Chair Powell is expected to underscore a data-dependent and restrained policy stance, focusing on the nuanced dynamics of the current economic landscape. Spinozzi adds, “The Fed is likely to continue its measured approach, emphasizing gradual rate cuts rather than drastic policy shifts. Chair Jerome Powell is expected to highlight a data-dependent and restrained policy stance.” While headline inflation appears to be easing, core components suggest persistent pressures. The overall Consumer Price Index (CPI) increased by 2.4% year-over-year in September, the lowest since February 2021. However, critical sectors like shelter and services continue to see elevated prices. Shelter prices are up 4.9% year-over-year, and services excluding energy rose by 4.7%. “The core PCE inflation rate—a key Fed measure—has stabilized at an annualized 2.3% over both three- and six-month averages but continues to run above the Fed’s 2% target,” Spinozzi highlights. Persistent inflation in these sectors could exert upward pressure on overall inflation, complicating the Fed’s efforts to achieve its target. The labor market remains robust despite recent disruptions from hurricanes and strikes. The unemployment rate stands firm at 4.1%, and temporary layoffs have declined in October. Wage growth is showing signs of cooling; the Employment Cost Index (ECI) for Q3 surprised to the downside at 0.8% quarter-over-quarter, the softest since Q2 2021. Year-over-year, the ECI remains elevated at 3.9%, significantly above the Global Financial Crisis (GFC) average of 2.16%. Weekly jobless claims are also well below the post-GFC average, indicating sustained labor market strength. Related Reading: Top Crypto Analyst Unveils Best Altcoins For The 2025 Bull Run Overall, the US economy has exhibited unexpected robustness. Third-quarter GDP grew by 2.8% annualized, and personal consumption rose by 3.7%, the strongest quarter since early 2023. However, concerns about the sustainability of this growth persist. Real disposable income has softened, and household savings are declining, potentially limiting future consumer spending. Adding to the complexity is…
    • Binance Coin Breaks $600! Is There More Upside Ahead For BNB?
      NewsBTC - 6 hours ago
      In the past 24 hours, the price of Binance Coin (BNB) increased by 5%, which is indicative of a consistent upward motion. BNB, which just broke the vaunted $600 barrier, is attracting the market’s focus due to indications of bullish momentum. Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks However, the data at CoinCheckup suggests that BNB is trading about 20% below its expected price for the next month. This undervaluation might thus be a sign of potential for near-term profits if this trend does not change anytime soon. Binance Coin: Mixed Sentiment & Cautious Optimism BNB’s technical figures indicate a cautious optimism regarding market sentiment. The Relative Strength Index (RSI) is consistently around 50, indicating a balanced sentiment that is not subject to significant pressure from either purchasers or sellers. This neutrality in itself says that the market is not overheating and, by extension, BNB could surge either way without a clear, outstanding trend. Another very important indicator to monitor is the Chaikin Oscillator, and it’s currently at -35K. Thus, there’s virtually no buying accumulation. Meanwhile, in the absence of a change in market sentiment that may attract more buyers into the fray, the lack of capital inflow might be the thing that keeps BNB from further rallies. The trading volume of BNB rises by 31% within 24 hours, therefore the market activity and interest are rising. Investor interest is observable via the figure for volume-to-market capitalization ratio, which is at 2.46% currently, and based on this increase, but what is being tested is whether interest supports the upward move of prices. Short-Term Pressures And Trading Volatility The liquidation map of BNB demonstrates concentration zones that may jeopardize price stability in the immediate term. The potential for price volatility exists if BNB surpasses $590; short positions are highly concentrated at the $583 level. This can push these short positions, and subsequently, act like a domino effect that might push prices up higher. Long liquidations are triggered when the price falls below $570. This means if the BNB price drops, sells can be accelerated as the positions near their end. These levels are the critical points a short-term trader should be watching. Depending on the behavior of the market, the price fluctuations around these levels can either have risks or present opportunities. Related Reading: Grab Ethereum Now? Expert Says Next Stop Could Be $10,000 After ‘Final Drop’ Long-Term Forecast With projections indicating a potential rise of 60% over the next three months and a subsequent increase of 30% over six months, BNB’s outlook remains optimistic (although it is important to remain cautious). Furthermore, the anticipated growth rate of 53% suggests that the 12-month forecast is robust, which is promising for investors. The recent token burn activity of BNB—leading to the definite elimination of 1.77 million tokens (which are estimated to be worth about $1 billion)—has emerged as the main reason for this positive sentiment. This supply reduction is crucial for price stability and BNB…
    • CNBC Projects Bitcoin Could Hit $100,000 Before Presidential Inauguration – Details
      NewsBTC - 7 hours ago
      Following Donald Trump’s victory in the US presidential election against Vice President Kamala Harris, optimism is surging in the cryptocurrency market. Analysts are now projecting that Bitcoin could reach new heights of $100,000 before the presidential inauguration, which is just over two months away. Trump’s Election Signals Shift Toward Pro-Crypto Policies With Trump’s administration firmly established, CNBC reports that Bitcoin has already reached an all-time high of $75,500, signaling a potential shift towards a more crypto-friendly regulatory environment starting in 2025.  The combination of Republican control of both the Senate and the White House is expected to bolster support for Trump’s pro-crypto initiatives, leading to further price discovery for the market’s biggest digital asset. Related Reading: Uniswap Surges Toward $8.74 – Can UNI Push Through To New Heights? Trump has made several key promises that could significantly impact the cryptocurrency landscape. One of the most notable is the establishment of a national Bitcoin stockpile, positioning the US as the “crypto capital of the world.” He has also committed to ensuring that all future Bitcoin mined in the country contributes to this national reserve. Moreover, Trump has vowed to fire Gary Gensler, the current chair of the US Securities and Exchange Commission (SEC), who has faced criticism for his aggressive regulatory approach under the Biden administration.  Gensler’s tenure has seen numerous lawsuits targeting major players in the crypto space, including Binance, Coinbase, and Ripple Labs, resulting in nearly half a billion dollars in legal fees for those companies. Trump’s proposed crypto policy is designed to stimulate growth and adoption within the United States, with Bitcoin positioned as a central element in his strategy to tackle the national debt, which currently stands at $36 trillion.  His administration’s plans have been echoed by pro-crypto Senator Cynthia Lummis, who introduced legislation to designate Bitcoin as a national reserve asset. This initiative was discussed during her remarks at the 2024 National Bitcoin Conference in Nashville, where Trump also made a notable appearance, further solidifying his commitment to the sector. Bitcoin On Track For $100,000  Given these developments, CNBC notes that “multiple analysts” are forecasting Bitcoin could reach the $100,000 mark before Trump’s inauguration, especially if he follows through with his promise to create a national Bitcoin stockpile.  The US government already possesses over $15 billion in Bitcoin from asset seizures over the years, providing a solid foundation for this initiative. In addition to Bitcoin’s rally, stocks of US-based firms such as Coinbase and Robinhood have seen significant gains in recent days. Coinbase (COIN) shares surged by 25.73%, while Robinhood (HOOD) jumped nearly 18%, reflecting the industry’s renewed confidence in a more favorable regulatory environment under Trump. Related Reading: Dogecoin (DOGE) Jumps 10%+: Is More Upside Ahead? Research from Cooper Research aligns with these optimistic projections, particularly regarding the Bitcoin exchange-traded fund (ETF) market. The firm previously estimated that ETFs could manage nearly 1 million Bitcoins by the time of the election, and currently hold approximately 986,000 BTC.  Their analysis suggests that if trends continue, Bitcoin…
    • Bitcoin Records $75,000 All-Time High: Here’s If BTC Is ‘Overheated’ Now
      NewsBTC - 8 hours ago
      Here’s what the legendary Bitcoin Market Value to Realized Value (MRVRV) Ratio says about whether Bitcoin is currently overheated or not. Bitcoin MVRV Ratio Has Risen Alongside The Latest Rally In a CryptoQuant Quicktake post, an analyst has discussed about the MVRV Ratio of Bitcoin. The “MVRV Ratio” is an on-chain metric that keeps track of the ratio between the Bitcoin market cap and realized cap. The market cap here is just the total valuation of BTC’s circulating supply at the current spot price. The other metric, the realized cap, is also a capitalization model for the asset, but it doesn’t work so simply. Related Reading: Ethereum Volatility Soon? Derivatives Exchanges Receive 82,000 ETH In Deposits Unlike the market cap, this model doesn’t put the same price on every coin in circulation; rather, it assumes that the last price at which a token was transacted represents its ‘true’ value. The previous transaction of any coin is likely to represent the last point it switched hands, so the realized cap essentially takes the sum of the cost basis of all tokens in circulation. One way to look at this model is as a measure of the amount of capital that the investors as a whole have put into the cryptocurrency. The market cap, in contrast, signifies the value that these holders are carrying in the present. When the MVRV Ratio is greater than 1, it means that the market cap is above the realized cap right now. Such a trend suggests the investors as a whole are in a state of net profit. On the other hand, the indicator being below this mark implies the average holder is currently underwater as they are holding their coins at a value below the price they bought them for. As displayed in the above graph, the Bitcoin MVRV Ratio had surged to significant levels back when BTC had broken the November 2021 all-time high (ATH) in the first quarter of the year. An increase in the metric has also followed in the new ATH break, but the metric is clearly not near the same high as earlier in the year yet. Historically, the cryptocurrency has made tops whenever the indicator has risen to high levels. As the quant has marked in the chart, however, how high is a ‘high’ MVRV level has been declining over the last few cycles. If the trendline drawn by the analyst holds, then the current cycle should see a top around when the MVRV Ratio would hit a value of around 3. At present, the metric is at 2, so there may still be a while to go before Bitcoin becomes overheated. Related Reading: Dogecoin Rockets Up 12%, But This FOMO Signal Could End Rally As for why the asset tends to get overheated when the MVRV Ratio shoots up, the reason is that investors become increasingly likely to take part in profit-taking the larger their gains get. BTC Price At the time of writing, Bitcoin is trading around…
    • Analysts Debate Bitcoin’s Next Move As BTC Hits $75K All-Time High
      NewsBTC - 9 hours ago
      Bitcoin has experienced a notable surge in price, reaching an all-time high of $75,358 following the announcement that former US President Donald Trump has been reelected, becoming the 47th President of the United States. So far, the asset’s value has seen a nearly 10% spike in the past day before experiencing a slight correction, trading at $74,037 at the time of writing—a decline of approximately 1.1% from its peak earlier today. The dramatic price increase has prompted widespread discussion within the cryptocurrency community, with prominent analysts offering their insights on the next move of Bitcoin. Related Reading: Bitcoin Price Touches $75,000 ATH: Analyst Says This Is What You Should Expect Next Is The Top In For Bitcoin? CryptoBullet, a well-known market analyst on X, focused on Bitcoin’s dominance index (BTC.D) about a technical indicator called the TD Sequential. In a recent post on X, the analyst wrote, “Is BTC Dominance finally topping out? BTC.D is printing the second TD-9 Sell on the 2W timeframe this cycle.” The TD Sequential is a technical analysis tool used to identify potential trend reversals. According to CryptoBullet, the current cycle shows similarities to previous years, where a second TD-9 signal often marks a significant reversal. He highlighted past patterns from 2018, 2019, and 2021, suggesting that a similar trend could unfold in 2024, with Bitcoin dominance potentially nearing its peak. Is #BTC #Dominance finally topping out? 🤔$BTC.D is printing the second TD-9 Sell on the 2W timeframe this cycle 👀 IMO this is something worth paying close attention to. 💡 We can see the same pattern repeating itself over and over again: no matter which direction #BTC… pic.twitter.com/j7Y3kGaQXJ — CryptoBullet (@CryptoBullet1) November 6, 2024 More Room For Rally? Adding to the conversation, another analyst, Ali, shared his perspective on X, cautioning market participants. Ali noted that the TD Sequential recently flashed a sell signal on Bitcoin’s four-hour chart, indicating a possible pullback to $72,000. However, he noted that a sustained close above $75,400 could negate this bearish outlook and potentially push Bitcoin’s price to a new high of $78,000. If you’re late to the bull party, take caution: the TD Sequential just flashed a sell signal on the #Bitcoin $BTC 4-hour chart, hinting at a possible pullback to $72,000. However, a sustained close above $75,400 would invalidate this bearish setup and trigger an upswing to… pic.twitter.com/Ljd8lyPsM4 — Ali (@ali_charts) November 6, 2024 Meanwhile, a CryptoQuant analyst known as MAC.D offered a broader perspective on Bitcoin’s market cycle using the MVRV (Market Value to Realized Value) ratio. This on-chain metric measures whether Bitcoin is undervalued or overvalued relative to its historical price levels. According to MAC.D, the MVRV ratio suggests that Bitcoin has not yet reached an “overheating stage,” indicating further upside potential. Related Reading: Analyst Reveals Bitcoin’s ‘Chopsolidation’ Phase Nears End—Are New Highs in Sight? However, as the market matures and capitalization grows, Mac noted that the rate of price increase tends to slow down. Adding: “Using this as a trend line, we can…
    • Dogecoin Path To $23? Fibonacci Extensions Hint At Massive Upside With Musk-Trump Influence
      NewsBTC - 10 hours ago
      Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE), could be on the verge of a massive parabolic rally following the recent victory of Republican U.S. presidential candidate Donald Trump. Could Trump’s Victory Catapult Dogecoin To $23? Earlier today, Trump was elected the 47th US president with a convincing win over Democratic presidential candidate Kamala Harris. Following Trump’s victory, Bitcoin (BTC) surged past its all-time high (ATH) of $73,737, reaching unprecedented levels. Related Reading: Dogecoin (DOGE) Sets Sights on $0.150: Will The Rally Take Off? While BTC is trading at new highs, the ripple effect of a Trump victory is expected to impact other digital currencies, especially Musk’s preferred Dogecoin.  According to crypto technical analyst Ali Martinez’s analysis, DOGE is nearing a breakthrough at the 0.50 Fibonacci retracement level, potentially leading to a rally up to the 1.618 or even the 2.272 Fibonacci extension levels. For the uninitiated, Fibonacci extensions are used in technical analysis to project possible future price targets by identifying key support and resistance levels. Historically, DOGE has frequently aligned with Fibonacci extension levels during bull runs. According to Martinez, if DOGE follows a similar trajectory in the next bull run, it could surge to anywhere between $4 and $23. The chart below illustrates that the next significant Fibonacci extension level for DOGE is 1.00, placing its price just above $0.739, beyond its current ATH of $0.7316, set in May 2021. Currently, DOGE is trading at $0.202, having risen an impressive 18% in the past 24 hours, largely fueled by Trump’s victory. If DOGE reaches the 1.618 Fibonacci extension level, its price could jump to $3.94 – more than five times its current ATH.  Under extremely bullish conditions, DOGE could even hit the 2.272 Fibonacci extension level, pushing its price to $23.25 – nearly a 100x increase from its present value. The Potential Impact Of Elon Musk In Trump’s Cabinet While Musk’s potential role in Trump’s cabinet remains unclear, the world’s richest man will likely hold significant influence during Trump’s term as president. Related Reading: Dogecoin Rockets Up 12%, But This FOMO Signal Could End Rally Musk has frequently voiced his support for DOGE on social media platform X, often triggering short-term price surges driven by retail investor interest.  With Musk’s possible influence in the new administration, it wouldn’t be surprising to see policy decisions that could indirectly benefit cryptocurrencies like Dogecoin. Data shows that DOGE whales may anticipate a significant price surge, as recent transactions indicate the accumulation of more than 2.1 billion tokens over the past week. That said, DOGE investors should exercise caution as the token has already experienced a substantial run-up recently and may be flashing overbought signals. At press time, BTC is trading at $74,249, up 8% in the last 24 hours. Featured image from Unsplash, Charts from X and Tradingview.com
    • Solana (SOL) Rallies Strongly, Setting Sights on $200
      NewsBTC - 12 hours ago
      Solana started a fresh increase above the $172 support zone. SOL price is rising and might soon aim for a move toward the $200 level. SOL price started a fresh increase after it settled above the $165 level against the US Dollar. The price is now trading above $172 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could continue to rise if it clears the $192 resistance zone. Solana Price Starts Fresh Rally Solana price formed a support base and started a fresh increase above the $162 level like Bitcoin and Ethereum. There was a strong move above the $165 and $172 resistance levels. There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair. The price even cleared the $185 level. A high is formed at $192 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $155 swing low to the $192 high. Solana is now trading above $172 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $192 level. The next major resistance is near the $195 level. The main resistance could be $200. A successful close above the $200 resistance level could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level. Another Dip in SOL? If SOL fails to rise above the $192 resistance, it could start a downside correction. Initial support on the downside is near the $188 level. The first major support is near the $180 level. A break below the $180 level might send the price toward the $172 zone or the 50% Fib retracement level of the upward move from the $155 swing low to the $192 high. If there is a close below the $172 support, the price could decline toward the $165 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level. Major Support Levels – $188 and $185. Major Resistance Levels – $192 and $200.
    • Ethereum Surges Past $2,500: What The Futures Market Signals For Traders
      NewsBTC - 12 hours ago
      After weeks of struggle, Ethereum finally broke above the $2,500 resistance as it traded for $2,631 post US election 2024. This surge in price has raised hopes that Ethereum may be gearing up for a fresh bull run. However, this optimism is tempered by cautionary notes from market analysts who closely observe the stance of Ethereum’s futures market. Related Reading: Ethereum Volatility Soon? Derivatives Exchanges Receive 82,000 ETH In Deposits Rising Futures Metrics: A Double-Edged Sword According to CryptoQuant analyst ShayanBTC, key metrics such as the Ethereum futures market’s open interest and funding rates indicate heightened participation and a generally positive market sentiment. The open interest reflects the total number of outstanding futures contracts, while funding rates provide insight into the cost of holding a long or short position. Shayan pointed out that these indicators have steadily risen in recent weeks, suggesting a renewed interest in Ethereum trading. This increase in participation aligns with the broader price movements and highlights a growing enthusiasm among futures traders betting on Ethereum’s continued upward momentum. However, while increased participation and positive funding rates often indicate a strong market, they also come with inherent risks. Shayan emphasized that although neither metric has reached levels that would be considered dangerously high, there remains a potential for heightened volatility. Overly high optimism in the futures market could lead to an imbalance, making Ethereum vulnerable to sudden and severe price swings. The CryptoQuant analyst explained that a sudden spike in open interest and funding rates might trigger what is known as a “long liquidation cascade.” This occurs when leveraged traders are forced to sell their positions due to adverse price movements, which can lead to a sharp decline in market value. Such liquidations can quickly erode investor confidence and drive prices lower. Regardless, the analyst suggested that the current open interest levels and funding rates suggest there is still room for growth. Navigating Potential Ethereum Volatility Given the current market conditions, Shayan offered prudent advice to Ethereum market participants. He recommended that investors closely monitor open interest and funding rates as key market sentiment indicators. According to the analyst, by keeping a watchful eye on these metrics, investors can better manage their risk exposure and be prepared for any sudden changes in the market. Related Reading: Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000? Meanwhile, other analysts and experts have remained bullish on ETH. Leon Waidmann, head of research at Onchain Foundation, for instance, recently disclosed that Ethereum could see a supply squeeze soon, which could lead to a rally in its price. #Ethereum Staking at ATH levels, while ETH on exchanges is hitting record lows. 📈📉 A supply squeeze incoming! Bullish #ETH 🟢🚀 pic.twitter.com/Vwd1RT2lwP — Leon Waidmann | Onchain Insights🔍 (@LeonWaidmann) November 6, 2024 Featured image created with DALL-E, Chart from TradingView
    • XRP Price Ready to Rally? Signs Point to a Bullish Move
      NewsBTC - 13 hours ago
      XRP price is gaining pace above the $0.5350 support zone. The price is rising and might even aim for a move above the $0.5650 resistance. XRP price is gaining pace above the $0.5350 zone. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5550 resistance zone. XRP Price Gains Strength XRP price remained supported above the $0.5050 level. It formed a base and started a fresh increase above $0.5150 like Bitcoin and Ethereum. There was a move above the $0.5320 and $0.5350 resistance levels. The bulls even pushed the price above the $0.5500 barrier. A high is formed at $0.5580 and the price is now eyeing more gains. It is stable above the 23.6% Fib retracement level of the upward move from the $0.5267 swing low to the $0.5580 high. The price is now trading above $0.5400 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5450 on the hourly chart of the XRP/USD pair. On the upside, the price might face resistance near the $0.5580 level. The first major resistance is near the $0.5650 level. The next key resistance could be $0.5720. A clear move above the $0.5720 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.5920 in the near term. The next major hurdle might be $0.6000. Are Dips Supported? If XRP fails to clear the $0.5580 resistance zone, it could start a downside correction. Initial support on the downside is near the $0.5500 level. The next major support is near the $0.5450 level and the trend line. If there is a downside break and a close below the $0.5450 level, the price might continue to decline toward the $0.5350 support in the near term. The next major support sits near the $0.5220 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5450 and $0.5350. Major Resistance Levels – $0.5580 and $0.5650.
    • Solana (SOL) Looks ‘More Bullish Than Before’ After Flipping BNB As 4th Largest Crypto
      NewsBTC - 13 hours ago
      The crypto market is rallying 6.8% following the US presidential elections, which made Bitcoin soar to a new all-time high (ATH). As a result, most of the market saw a green daily close, with Solana (SOL) recording a 15.8% surge in the last 24 hours and regaining a key support level. Related Reading: Shiba Inu (SHIB) Gearing Up For Massive Bullish Wave Following 8% Daily Surge, 110% Rally Ahead? Solana Dethrones BNB As 4th Largest Crypto The result of the US elections gave the crypto market the long-awaited boost many investors and market watchers expected. In the early hours of Wednesday, the largest cryptocurrency by market capitalization surged about 8.6% toward its new ATH of $75,358. This surge, fueled by the victory of pro-crypto Republican candidate Donald Trump and a mostly crypto-friendly Congress over US Vice President Kamala Harris, ignited a bullish rally across the market. Solana followed BTC’s lead and jumped over 15% to turn the $180 level into support. Moreover, the cryptocurrency reached its highest price since July, nearing the $190 resistance level. SOL’s daily activity skyrocketed in the last 24 hours, rising 210% to a $10.7 billion daily trading volume. Meanwhile, the cryptocurrency saw a 14.66% increase in market capitalization, surging to an $88.1 billion market cap. As a result, Solana flipped Binance Coin (BNB)’s $85 billion market cap, dethroning BNB as the fourth largest cryptocurrency by this metric. This performance fueled investors’ bullish sentiment on the cryptocurrency, with some market watchers predicting a bullish wave towards Q1’s highs. Is SOL Getting Ready For $400? Solana was deemed one of the strongest cryptocurrencies during Q3’s market retraces, holding above its breakout levels while most altcoins struggled. Following last night’s performance, crypto Trader Koz called SOL’s chart “one of the absolute best-looking charts out there.” The cryptocurrency’s surge above the $180 mark represents a breakout from an 8-month consolidation range that started after Solana hit its yearly high of $202. Similarly, World of Charts considers SOL as ‘looking more bullish than before.” The analyst noted that the cryptocurrency finally broke above the upper line of a bullish flag pattern after nearly breaking above it in late October. World of Charts suggested that after the successful breakout, a massive bullish wave is around the corner. To the analyst, this wave could ultimately send Solana’s price toward a new ATH of $400. Moreover, crypto analyst Jelle highlighted the breakout, stating that SOL is ready to retest the yearly highs. Related Reading: PolitiFi Memecoins Soar: Trump-Themed Tokens Rally 30% Ahead Of US Elections A reclaim of the $200 mark, not seen since March, could propel the cryptocurrency above its ATH of $260 in the coming weeks. However, it is key that Solana holds the $180 mark to continue its bullish ascend, as a rejection from this zone could see SOL’s price pullback to the $160 support. SOL trades at $186.9, a 4.12% and 27.56% increase in the weekly and monthly timeframes. Featured Image from Unsplash.com, Chart from TradingView.com
    • Iranian Rial Plummets to Record Low Following Donald Trump’s Presidential Victory
      Bitcoin News - 5 hours ago
      Iran’s currency, the rial, plummeted to an all-time low on Wednesday, trading at 703,000 rials to the dollar, following Donald Trump’s victory in the U.S. presidential election. This significant decline, which later slightly recovered, signals new economic challenges for Tehran amid ongoing regional conflicts. The rial’s depreciation reflects the ongoing struggles of Iran’s economy, exacerbated […]
    • Decentralized AI Platform Singularitynet Launches Self-Improving Bot in Minecraft
      Bitcoin News - 6 hours ago
      Decentralized artificial intelligence (AI) platform Singularitynet has announced the launch of AIRIS (Autonomous Intelligent Reinforcement Inferred Symbolism) within the popular game Minecraft, in collaboration with the Artificial Superintelligence Alliance (ASI). According to the developers, AIRIS is designed to evolve through direct interaction with its environment, enabling it to adapt and learn autonomously, thereby breaking away […]
    • UAE and Chinese Investment Firms Partner on Ethiopian Energy Infrastructure Project
      Bitcoin News - 7 hours ago
      Hodler Investments and GCL Energy Investment have partnered to develop a distributed energy infrastructure project in Ethiopia to power next-generation data centers. Boosting Ethiopia’s Data Center Market The United Arab Emirates (UAE) investment firm Hodler Investments has partnered with GCL Energy Investment to develop a distributed energy infrastructure project in Ethiopia. The project is expected […]
    • Vires in Numeris: Ethereum’s Main Rival Grows in October, Flips BNB to Become the Fourth Largest Token
      Bitcoin News - 8 hours ago
      In October, Solana outperformed Ethereum in several key metrics. The token surpassed Ethereum in market share for decentralized exchanges, economic value, and liquidity inflows. Additionally, SOL demonstrated strong price performance, reaching over $180 on election day and flipping BNB. Solana Surpasses BNB, Trounces Ethereum in October Solana, considered by some as one of the largest […]
    • Web3 Gaming Hype Fizzles: Developer Blames Unrealistic Expectations
      Bitcoin News - 9 hours ago
      Riccardo Sibani, Chief Product Officer (CPO) at the Web3 gaming platform My Neighbor Alice, believes the hype surrounding Web3 gaming has cooled due to unfulfilled promises and unrealistic expectations. Web3 Gaming Needs Time to Deliver on Promises Sibani, a blockchain developer, further argues that the mismatch between retail and traditional investor expectations has contributed to […]
    • Former Employee’s Hidden Code Turns Workplace Into Crypto Mine
      Bitcoin News - 10 hours ago
      A Minnesota man, Joshua Paul Armbrust, 44, has been indicted for a “cryptojacking” scheme that exploited his former employer’s computing resources to mine ether (ETH), causing over $45,000 in damages, according to the U.S. Attorney’s Office for the District of Minnesota. Armbrust, who resigned from his job at Digital River, allegedly accessed the company’s Amazon […]
    • Beyond the Dollar: Russia’s Path to Economic Independence Emerges
      Bitcoin News - 12 hours ago
      Russia is reshaping global finance, pivoting from the dollar to local currencies as more nations rally for alternatives to U.S. dominance in global transactions. A New Currency Frontier? Russia’s Strategy Signals Global Shift Kremlin spokesman Dmitry Peskov emphasized on Wednesday that Russia is not attempting to undermine the U.S. dollar, but instead is committed to […]
    • The Rising Force: Growing BRICS Relations Signal a New Economic Powerhouse
      Bitcoin News - 14 hours ago
      BRICS is expanding rapidly, strengthening ties as its growing membership boosts market capacity and cements its position as a major global economic force. Inside the Economic Surge of BRICS – A New Global Power Bloc Emerges The BRICS economic bloc is experiencing rapid growth, with its expanding market capacity and economic influence now outpacing traditional […]
    • Bitcoin Taps Intraday High of $76.4K—Is This the Start of a Golden Bull Era?
      Bitcoin News - 15 hours ago
      Bitcoin (BTC) hit a peak of $76,481 on Bitstamp shortly after 3 p.m. EDT Wednesday. By 7:30 p.m., the flagship cryptocurrency hovered at $75,297 per coin. Market Chaos as Bitcoin Short Sellers Take a $242M Hit The day brought bitcoin a solid gain of over 9% against the U.S. dollar as of 7:30 p.m. It’s […]
    • Dogecoin Primed for Massive Breakout: Peter Brandt Says ‘In Musk We Trust’
      Bitcoin News - 16 hours ago
      Dogecoin is set for a major rally, with veteran trader Peter Brandt forecasting new all-time highs as Elon Musk’s influence and a channel breakout drive momentum. Peter Brandt Predicts DOGE Rally: Channel Breakout Signals New Highs With Elon Musk in Play Veteran trader and chart analyst Peter Brandt has indicated optimism about dogecoin’s (DOGE) upcoming […]
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