[ad_1] Justin Sun, the Founder of Tron blockchain, recently purchased and then consumed a $6 million banana taped to a wall (a piece of modern art). Following this, he invested $30 million in Donald Trump’s cryptocurrency project. Despite being under scrutiny by the U.S. financial regulator since 2023, Sun’s recent actions were enough to double the price of TRX crypto token in a single day.TRX, the native cryptocurrency of the Tron blockchain, has recently seen a significant surge, testing a market cap of nearly $39 billion, its highest in history. The price reached $0.45 on Tuesday, marking a 100% increase.…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced another downturn in its price. Following an earlier attempt at bullish momentum last week, Ethereum has dropped by 2.4% in the past 24 hours, trading at $3,577 at the time of writing. This decline puts Ethereum at a 26.8% decrease from its all-time high of $4,878, recorded in November 2021. Despite this, the network’s daily trading volume remains quite strong, registering $42.4 billion—a significant increase from late last month when volumes dipped below $35 billion. Related Reading Chart Patterns Indicate Potential Rally…
[ad_1] Coinbase has announced support for Apple Pay, enabling seamless fiat-to-crypto conversions. For crypto and FinTech followers, this marks another milestone in making digital assets more accessible. For Apple, it signals a strategic pivot toward the growing market—one influenced by changing political and regulatory winds in the United States and the potential arrival of Paul Atkins at the SEC.Let’s dive into why this matters, how it fits into Apple’s evolving stance on crypto, and what it might mean for the broader industry.From Holdout to Hero: Apple’s Evolving Crypto StrategyFor years, the Cupertino company was the “crypto skeptic” of Silicon Valley.…
[ad_1] According to a recent report by Bitfinex, Bitcoin (BTC) breaking through the psychologically significant $100,000 barrier will largely depend on the actions of two key holder cohorts – long-term holders (LTH) engaging in profit-taking and short-term holders (STH) driving demand. Short-Term Holder Demand Critical To Propel Bitcoin To $100,000 Bitcoin’s price surged an impressive 37.3% in November, closing the month at a record-breaking $96,506. However, for the flagship cryptocurrency to cross the $100,000 mark, demand from STHs must align with the supply provided by LTHs. Historically, December has been one of the most volatile months for Bitcoin. However, during…
[ad_1] Este artículo también está disponible en español. According to data from CryptoQuant, Bitcoin (BTC) reserves on cryptocurrency exchanges have dropped to a multi-year low. This decline coincides with the ongoing bull market, which has pushed the digital asset’s price closer to the $100,000 mark. This significant decline could have major implications for the asset’s supply-demand dynamics. Investor Confidence Increasing In Bitcoin? During a bull market, Bitcoin reserves on exchanges increase as long-term holders (LTH) and short-term holders (STH) transfer their holdings to trading platforms to take profits. However, the current bull market is breaking this trend, as BTC exchange…
[ad_1] Major Wall Street Bitcoin miners reported varied production results for November 2024, as network difficulty increased by 7% during the month, impacting mining efficiency and output across the industry. Although last month the price of BTC reached record levels and nearly approached $100,000, competition, along with the time and costs required for cryptocurrency mining, also jumped visibly.CleanSpark (NASDAQ: CLSK) maintained its position as one of the industry leader’s in November, producing 622 BTC, while Riot Platforms (NASDAQ: RIOT) followed with 495 BTC. Bitfarms (NASDAQ: BITF) and Cipher Mining (NASDAQ: CIFR) reported similar outputs of 204 and 202 BTC respectively,…
[ad_1] Following Gary Gensler’s departure announcement from the Securities and Exchange Commission (SEC), new reports claim that re-elected US president Donald Trump is set to unveil his pick for the new SEC chairman in the coming days. A New Crypto Era About To Begin As we approach the end of the year, the crypto industry is set to close 2024 with a belt full of milestones, from the approval of crypto-based exchange-traded funds (ETFs) to Bitcoin’s rally nearing $100,000 to the victory of an industry-friendly administration in the US Presidential Elections. Donald Trump’s victory as the 47th President of the…
[ad_1] Former Goldman Sachs executive Raoul Pal is leaning bullish on the flagship memecoin amid the rise of XRP by more than 5x over the past 30 days. Pal tells his 1.1 million followers on the social media platform X Dogecoin (DOGE) is sporting a wedge pattern on the monthly chart and could be headed for gains that “look similar in potential magnitude” to those of XRP. A wedge pattern is characterized by converging trend lines and is considered bullish if price breaks out from above the upper trendline. “Insane banana chart.” Source: Raoul Pal/X A “Banana” chart or zone…
[ad_1] Este artículo también está disponible en español. As attention shifts to altcoins, Bitcoin (BTC) has experienced a pause in the uptrend that has characterized the past month. Currently trading 3.8% below its record high of $99,540, questions are raised about the sustainability of this growth and the possibility of a correction as the year draws to a close. Investors Flock To Ethereum And XRP Chris Newhouse, director of research at Cumberland Labs, pointed out that while strong institutional buying pressure persists—particularly from companies like MicroStrategy, which continues to accumulate Bitcoin—there is a noticeable shift in capital flows. Newhouse noted…
[ad_1] Este artículo también está disponible en español. Despite a notable pause in its upward trend, Bitcoin (BTC) is approaching the landmark $100,000 mark, fueled by expectations of supportive policies for the sector from US President-elect Donald Trump. On Tuesday, the largest digital asset traded above the key $95,000 mark, acting as support for the past 24 hours. This reflects a remarkable surge of over 40% since Trump’s election victory on November 5. Could A National BTC Reserve Become Reality? Trump’s administration is expected to reverse the Biden administration’s stringent regulations on digital assets, which could significantly alter the landscape…