Thursday, November 7, 2024
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Trading
Crypto Markets Add Over $200B Overnight as Bitcoin (BTC) Taps New All-Time High (Market Watch)
With Donald Trump seemingly poised to return to the White House, the cryptocurrency market experienced a notable uptick that drove almost all assets higher by impressive percentages.
Bitcoin, for one, tapped a new all-time high, while Solana surpassed Binance Coin as the fourth-largest cryptocurrency.
BTC Finally Did It
The primary cryptocurrency came inches away from breaking its March ATH of $73,737 last Tuesday but failed and tumbled in the following days. This culminated a week later – yesterday – when it dropped below $67,000, thus losing over six grand within this timeframe.
The situation around BTC’s price movements was highly related to the US presidential elec...
Trading
The Price Of Dogecoin Is On The Rise, Reaching $0.21
The price of Dogecoin (DOGE) continued its uptrend on Nov. 6 by breaking above the $0.18 resistance level. Price analysis by Coinidol.com.
DOGE price long term forecast: bullish
On October 29, the DOGE price was halted at the $0.18 resistance level. On October 29, the DOGE price was stopped at the resistance of $0.18. This caused the altcoin to dip and then rise back above the 21-day SMA support.
DOGE has risen today, breaking above the $0.18 resistance. The bullish momentum is exp...
Trading
SHIB and DOGE Defy Overall Sentiment, BTC Recovers From Sub-$67K Dip (Market Watch)
Perhaps due to the massive outflows from the spot Bitcoin ETFs yesterday or some Mt Gox-related FUD, BTC’s price tumbled hard but managed to recover all losses.
The altcoins are relatively sluggish today as well, aside from the two largest meme coins, which have posted impressive gains.
Bitcoin Dumps and Recovers
After it failed to break into uncharted territory last Tuesday, bitcoin started to lose traction gradually and slipped to $72,000 on Wednesday and Thursday. The landscape worsened on Friday as it dropped below $69,000 on a couple of occasions.
After a failed recovery attempt, the bears came back and propelled a few more price declines. This culminated yesterda...
Trading
Weekly Cryptocurrency Market Analysis: Altcoins That Enter Bearish Trend Zone
The worst-performing altcoins have fallen to the bottom of the chart by a considerable margin.
While they are in a downtrend, some feel compelled to move sideways. A few of these cryptocurrencies are discussed here.
Immutable
Immutable (IMX) was in a downtrend and has resumed its slide after falling below the moving averages. IMX has risen to a low of $1.07 but remains above support at $1.05. If the bears break the current support, the cryptocurrency will fall back to its previous ...
Trading
Bitcoin and Altcoins Stay Calm Ahead of US Election Day (Market Watch)
Bitcoin’s price experienced some volatility during the weekend, but the daily scale shows little to no movement. However, fireworks are expected in the next few days.
Even the more volatile by nature altcoins stand quiet today, with XRP being the biggest gainer and LINK the most substantial loser from the larger caps.
BTC Calms Ahead of Elections
Last Monday started on a more positive note for the primary cryptocurrency, which continued and culminated on Tuesday. At the time, the asset skyrocketed from $68,000 to $73,600, thus coming $150 away from painting a new all-time high.
While the community anticipated the record to fall at any given moment, the landscape change...
Trading
Weekly Cryptocurrency Market Analysis: Altcoins Maintain Uptrend While Cryptos Overcome Selling Pressure
Altcoins have resumed their uptrend against previously downtrending cryptocurrencies. Other cryptocurrency assets have maintained their uptrend by staying above the moving average lines.
Dogecoin
Dogecoin (DOGE) is now in an uptrend but has pulled back above the 21-day SMA. DOGE reached a high of $0.1797 on October 29. The bulls have not been able to sustain their bullish momentum above the $0.18 high. The altcoin has been in a downtrend for the past three days after rejecting the recent...
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Bitcoin
Bitcoin Price Prediction: What If BTC Repeats Weekly Momentum
The Bitcoin price curve is following an interesting pattern that could potentially give investors confidence for the days to come. At the current level, the BTC price retraced the April 2022 level, which was a few weeks before the FTX collapse erupted in the crypto market.
Also Read: Bitcoin Maxi Says Further BTC Price Uptrend “Will Shock The World”
BTC Price Forecast
According to X account of Titan of Crypto, a projection up to $46,50...
Bitcoin Maxi Says Further BTC Price Uptrend “Will Shock The World”
While BTC Price is currently trading at a new high in over 18 months, popular Bitcoin Maximalist Max Keiser believes there is more to come in this rally. The possibility of a spot Bitcoin ETF approval in near future and the Bitcoin Halving event which is likely to happen in the second quarter of 2024 trigger speculation of a bull run for the top cryptocurrency over the next six months.
Also Read: US SEC Delays Grayscale Ethereum Trust ETF...
Bitcoin (BTC) Price Breaks $44k; Will It Continue to Rise?
As a continuation of its eclectic rally, Bitcoin (BTC) price has just breezed past the $43,000 mark to set a new high for the year. At the time of writing, market data reveals Bitcoin is now changing hands at $44,058.37, up 4.5% in the past 24 hours.
With the current market outlook, Bitcoin has now extended its gains for the week to 14.35%. One crucial question now remains whether the ongoing surge is a temporary one that may stir a rever...
Ethereum
Ethereum Price Prediction As Altcoins Tumble, Time To Buy The Dip?
Considerable declines have rocked the crypto market for the first time since the October rally started, led by Bitcoin price drop from $35,000 resistance, down 2.2% to $33,977. Ethereum price was not spared, as it encountered headwinds, sliding below support/resistance at $1,800 to trade 1.3% lower on the day to $1,773.
The total market value suffered a 2.1% dip to $1.29 trillion due to altcoins taking a major hit. For instance, Solana is...
Ethereum Price As DeFi TVL Hits $21 Billion, Can ETH Lift To $2k In October?
Ethereum price is on the verge of breaking out and closing in the coveted psychological resistance at $2,000. Interest in the largest smart contracts token has continued to increase with Bitcoin price reclaiming resistance/support at $31,000.
Most traders anticipate a continued bullish action across the market, with ETH following closely in the footsteps of the bellwether cryptocurrency and starting the second recovery phase beyond $2,000...
Vitalik Buterin Reveals Solution to Quantum Computing Attacks
Vitalik Buterin has emphasized the critical role of account abstraction in enhancing the security of user accounts against quantum computers. The Ethereum co-founder shared his insights during a session on the decentralized social network Warpcast on Wednesday, where he delved into the importance of strengthening security in the face of rapid advancements in quantum computing.
Vitalik Buterin’s take on Quantum Computing
Buterin’s perspecti...
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Cardano
Cardano price could extend gains riding on bullish on-chain metrics
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Cardano on-chain metrics flash capitulation signals, supporting a bullish thesis for ADA price.
The Cardano Foundation announced its commitment to push ADA towards complete decentralization.
ADA price is currently in an uptrend, trading above the $0.3786 mark.
Cardano is currently in an uptrend, and the altcoin is likely to extend its gains according to on-chain met...
Solana price has risen almost 400% since SEC labeled SOL a security, alongside ADA and MATIC
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Solana price is up 386% five months after the SEC labeled SOL a security, alongside Cardano, Polygon and others.
SOL has outperformed its peers in the list, with its market capitalization closing in on Ripple after 65% leap in November.
Surge likely attributed to the Solana network building itself as the choice Layer 1, rivaling Ethereum.
Ecosystems are migrating to th...
Cardano price sell-off could extend with bearish on-chain metrics
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Cardano network’s active addresses and new addresses reveal bearish divergence.
ADA traders are likely to sell the altcoin as potential profits increase, as seen in the MVRV metric.
Cardano price erased its weekly gains, dropping to $0.3617, early on Tuesday.
Cardano holders brace for the possibility of a correction in ADA price as on-chain metrics of the smart contr...
Defi
Liquidation Blocks Crucial to DeFi Risk Evaluation: Intelligence Firm
IntoTheBlock emphasizes the importance of liquidation blocks in evaluating DeFi risk.
The firm warns of potential collateral shortfalls if overlooked.
Over 39,000 traders liquidated in the last 24 hours, with losses totaling $88.69 million.
In a recent report, market intelligence platform IntoTheBlock underscores the crucial role of liquidation blocks when evaluating risk in decentralized finance (DeFi) protocols. It highlighted that overlooking this metric could expose inves...
Anonymous Attacker Seizes Control of Tornado Cash; Steals $1M+
An anonymous attacker seized control of the Tornado Cash protocol, by exploiting a malicious proposal.
Reportedly, he stole more than $1 million from the DAO’s funds.
The attacker has proposed to revert everything, giving control back to the community.
According to the latest reports, an anonymous hacker has seized control of the decentralized finance (DeFi) protocol, which helps customers conceal transactions, Tornado Cash, by exploiting a malicious governance proposal. Reportedly...
Arbitrum Emerges as DeFi Powerhouse, Gains Massive Adoption: Report
Arbitrum has gained significant traction in the DeFi sector.
Integration with GMX_IO plays a crucial role in Arbitrum’s mass adoption.
User adoption for Arbitrum more than doubles after the token Incentive conclusion.
According to a recent finding by Messari, a well-known crypto data analytic firm, Arbitrum, the layer two scaling solution for the Ethereum (ETH) network, has managed to carve out a lucrative niche within the decentralized finance (DeFi) sector.
The report noted t...
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Altcoin
INJ Gains While the Majority of the Market Prints Losses
Injective (INJ) was one of the few cryptos trading in the green at press time.
The altcoin was trading at $7.85 following a 0.28% gain in the past 24 hours.
Technical indicators suggested that INJ would retest the next key resistance level in the next 48 hours.
Injective (INJ) was one of the few cryptocurrencies that was able to print a gain over the past 24 hours. At press time, the altcoin’s price stood at $7.85 following a 0.28% increase according to CoinMarketCap.
In additio...
Celsius Network’s Massive ETH Staking Causes Delays In Ethereum Queue
Celsius engaged in $800 million ETH staking initiative, causing delays in Ethereum validator queue.
The company deposited $745 million worth of ETH into staking contracts, expanding waiting period.
Celsius Network faced financial insolvency, leading to restructuring efforts and acquisition by Fahrenheit.
Celsius Network, a crypto lending platform that is facing financial insolvency, recently engaged in an ETH staking initiative worth $800 million. This action has resulted in ...
Significant Alt Market Breakout Coming Soon, Predicts Trader
Crypto Tony recently forecasted a significant breakout for the altcoin market.
The ETH/BTC ratio was able to break out of a wedge chart pattern over the past 48 hours.
At press time, BTC’s market dominance was down 0.04% according to CoinMarketCap.
The trader and analyst Crypto Tony predicted a significant altcoin market breakout in a tweet yesterday. In the post, he shared a snapshot of the daily chart for ETH/BTC, which showed that the ratio was on the verge of breaking out...
Crypto News
Crypto’s Regulatory Winter Gives Way To Bipartisan Spring
“In the midst of winter, I found there was, within me, an invincible summer.”
Albert Camus’ words capture the resilience of the human spirit—but they just as well describe the last few weeks in crypto policy. From bitcoin ETF filings and Ripple’s court victory to legislative progress in both the House and the Senate, signs of life are emerging in the digital asset ecosystem. Indeed, there is mounting evidence that crypto winter, at least from a regulatory standpoint, has started to thaw.
F...
What Crypto Investors Need To Know About Worldcoin
As AI continues to dominate media debates, and capture the attention of venture capitalists, the CEO of Open AI – the company that introduced the world to ChatGPT – has launched an ambitious new project; Worldcoin
WLD
. Following an unfortunate pattern that has begun to emerge, this cryptoasset is not available in the U.S. due to the regulatory environment, but is still making waves in the marketplace. With the price of the Worldcoin token jumping 20% on exchanges following its launch, the...
‘Any Action Necessary’—$15.5 Trillion ‘Simultaneous’ Crypto Earthquakes Are Heading For Bitcoin And ...
Bitcoin
BTC
, ethereum and other major cryptocurrencies have been revitalized by a shock legal decision in recent weeks.
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The bitcoin price has almost doubled since the beginning of the year, with Tesla billionaire and Twitter owner Elon Musk issuing a surprise, huge 2030 crypto prediction, and helping the combined bitcoin, ethereum, XRP
XRP
crypto market...
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NFT
MetaMask briefly pulled from App Store, British MPs argue for caution with NFT copyright infringemen...
Cointelegraph reporters are on the ground in New York for the trial of former FTX CEO Sam “SBF” Bankman-Fried. As the saga unfolds, check below for the latest updates.Oct. 18: "Lawyers should do better than this" — Judge KaplanDistrict Judge Lewis Kaplan had run out of patience during Sam Bankman-Fried’s trial on Oct. 18, calling out on lawyers representing both parties in the criminal court case. The judge’s comments came after a witness fleeing Texas for the trial testified for roughly 1...
This play-to-earn game offers NFTs linked to physical items like gold
The Web3 game Mars4, which allows players to explore the surface of Mars, has unveiled two new exclusive rovers inspired by Tesla's Cybertrucks.For decades, space enthusiasts have had a fascination with Mars. NASA's Perseverance rover is giving us regular insight on what life is like some 140 million miles away — with footage recently capturing a rare weather phenomenon known as a dust devil.There are so many unanswered questions. Has life ever existed on this planet? Were there once frien...
Gamers can now explore Mars in Tesla-inspired Cybertrucks — Here’s how
Cryptocurrencies offer several advantages to traditional money, including lower costs, faster transfers, and decentralized systems that do not collapse at a single point of failure. Despite these benefits, many people don’t consider digital currencies practical for everyday use. Moreover, the currently available crypto debit card solutions often require tedious transfers and incur high fees, making the process unfeasible for everyday users. Leading crypto exchange Bybit wants to change tha...
Trading
The Price Of Dogecoin Is On The Rise, Reaching $0.21
The price of Dogecoin (DOGE) continued its uptrend on Nov. 6 by breaking above the $0.18 resistance level. Price analysis by Coinidol.com.
DOGE price long term forecast: bullish
On October 29, the DOGE price was halted at the $0.18 resistance level. On October 29, the DOGE price was stopped ...
SHIB and DOGE Defy Overall Sentiment, BTC Recovers From Sub-$67K Dip (Market Watch)
Perhaps due to the massive outflows from the spot Bitcoin ETFs yesterday or some Mt Gox-related FUD, BTC’s price tumbled hard but managed to recover all losses.
The altcoins are relatively sluggish today as well, aside from the two largest meme coins, which have posted impressive gains.
Bitcoin Dumps and Recovers
After it failed to break into uncharted territory last Tuesday, bitcoin started to lose traction gradually and slipped to $72,000 on Wednesday and Thursday. The l...
Weekly Cryptocurrency Market Analysis: Altcoins That Enter Bearish Trend Zone
The worst-performing altcoins have fallen to the bottom of the chart by a considerable margin.
While they are in a downtrend, some feel compelled to move sideways. A few of these cryptocurrencies are discussed here.
Immutable
Immutable (IMX) was in a downtrend and has resumed its slide...