[ad_1] Este artículo también está disponible en español. Bitcoin (BTC) jumped beyond $99,000 on Thursday, setting a new milestone before easing slightly. The milestone comes on the heels of substantial political and market events that have increased investor trust in digital assets. Related Reading Rumors of Securities and Exchange Commission (SEC) Chair Gary Gensler’s departure, as well as Donald Trump’s prospective crypto-friendly policies, have fueled the crypto space’s excitement. Inspired by hope for a possible change in US financial policy, Bitcoin surged to $99,126 from a dismal beginning of the session. Investors still think $100,000 is in the cards particularly…
Author: dfrancis36
[ad_1] As Bitcoin approaches $100,000, Cboe Global Markets plans to launch cash-settled index options tied to the price of spot Bitcoin. Starting December 2, the exchange will introduce the Cboe Bitcoin U.S. ETF Index (CBTX) to offer a new way to access Bitcoin exposure through options. According to the official announcement, this offering has the potential to promote wider participation in digital assets by allowing both institutional and retail investors to engage with Bitcoin’s price movements. Crypto Investment ToolsCboe’s new Bitcoin ETF index options track the performance of a basket of spot Bitcoin ETFs listed on US exchanges. The index…
[ad_1] Follow Aaron on Nostr or X. As I’ve explained previously, I don’t think Donald Trump actually gives a damn about Bitcoin; at best, he’s a shitcoiner who wants in on the scam. Having said that, it is fair to say that Trump adopted a pro-crypto stance during his campaign. And indeed, his promise at Bitcoin 2024 to fire Gary Gensler on “day one” of his presidency seems to have already resulted in the SEC chairman announcing his resignation.An optimistic scenario (as for example suggested by Trey Walsh) is one in which the Democrats now (also) adopt Bitcoin as part…
[ad_1] A widely followed cryptocurrency analyst and trader is turning bullish on one red-hot large-cap altcoin. The analyst pseudonymously known as Bluntz tells his 296,200 followers on social media platform X that memecoin Pepe (PEPE) could soar more than 35% from its current value. The trader says the Pepe appears to have printed a local bottom after completing an ABC corrective wave on the one-hour chart. He uses Elliott Wave theory, which states that a bullish asset often witnesses a fresh leg up after a three-part ABC correction. “Daily reminder that Pepe is going to turbo send. Raise your targets.”…
[ad_1] On Thursday, the XRP price soared to $1.41, marking its highest trading value in over three years. This surge coincides with a shifting regulatory landscape in the United States, spurred by the anticipated administration of President-elect Donald Trump. During his campaign, Trump pledged to position America as the “crypto capital of the world,” a promise that is beginning to resonate with market participants even before his inauguration on January 20, 2025. Gensler Sets Last Day At SEC For January 20 In recent weeks, the cryptocurrency market has seen a notable uptrend, with Bitcoin leading the charge and achieving consecutive…
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[ad_1] Bitcoin’s recent price action has been nothing short of exhilarating, but beyond the market buzz lies a wealth of on-chain data offering deeper insights. By analyzing metrics that gauge network activity, investor sentiment, and the BTC market cycles, we can gain a clearer picture of Bitcoin’s current position and potential trajectory.Plenty Of Upside RemainingThe MVRV Z-Score compares Bitcoin’s market cap, or price multiplied by circulating supply, with its realized cap, which is the average price at which all BTC were last transacted. Historically, this metric signals overheated markets when it enters the red zone, while the green zone suggests…
[ad_1] XRP, the cryptocurrency that has long been battered by regulatory headwinds, is now leading the charge in an ongoing crypto market rally thanks to recent positive developments, including the anticipated exit of SEC Chair Gary Gensler. XRP now ranks the sixth largest cryptocurrency after its market cap soared to more than $80 million, according to CoinMarketCap. In the past day alone, the digital assets have gained 27% and 66% on the daily and weekly charts, respectively. On the monthly chart, XRP’s surge is even more dramatic. The token, which aims to facilitate efficient cross-border payments, has jumped 174% in…
[ad_1] On-chain data shows Bitcoin has recently surpassed a level of the Market Value to Realized Value (MVRV) Ratio that has historically signaled overheated conditions. Bitcoin Has Surpassed Highest MVRV Deviation Pricing Band In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how Bitcoin is looking right now from the perspective of a pricing model based on the MVRV Ratio. The MVRV Ratio is a popular BTC indicator that keeps track of the ratio between the market cap of the asset and its realized cap. The latter here is an on-chain capitalization model that, in short,…
[ad_1] Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of…