[ad_1] Este artículo también está disponible en español. Bitcoin spent the weekend trading within a relatively narrow range of $91,700 to $88,700, demonstrating robust price action. Despite the lack of significant price movement, the consistent ability to hold within this range underscores Bitcoin’s current strength and growing market confidence. Key data from CryptoQuant adds further optimism, revealing a notable reduction in selling pressure. The data indicates fewer sellers in the market, aligning with the broader bullish sentiment that has fueled Bitcoin’s recent momentum. With the supply side constrained, demand could propel BTC higher, reinforcing the strong price action seen over…
Author: dfrancis36
[ad_1] Coinbase CEO Brian Armstrong has commented on the establishment of the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy. Although the agency’s acronym coincides with Dogecoin, there is no connection to the memecoin. However, Dogecoin’s value briefly surged to a yearly high following the announcement, reflecting its association with Elon Musk.Announcing DOGE Agency LeadershipOn August 20, US President-elect Donald Trump mentioned the possibility of Musk joining his cabinet or taking on an advisory role in January 2025, without specifying a particular position. The agency was officially announced on November 13 by Trump.It is tasked with…
[ad_1] Closely followed analyst Benjamin Cowen says that Cardano (ADA) is most likely in for one additional drop against Bitcoin (ADA/BTC) before 2024 comes to a close. Cowen tells his 889,100 followers on the social media platform X that historically, ADA has oscillated against BTC roughly between 400 and 4,000 satoshis (sats), while making final declines at the end of the halving year. Cowen points out that coinciding with the four-year ADA/BTC pattern is the fact that monetary policy is still relatively restrictive and that the US dollar is in the middle of a rally – two typically bearish conditions…
[ad_1] Este artículo también está disponible en español. Shiba Inu (SHIB) appears to be on the brink of a surge, as crypto analysts predict that the token could experience a 200% increase. Related Reading SHIB has begun to catch up to the meme coin frenzy that has seized the crypto market, as evidenced by a 20% gain over the past week and an 7% increase in the past 24 hours. Shiba Inu’s community remains optimistic about the future, despite the fact that its performance still falls short of Dogecoin (DOGE), which has experienced an 30% increase in a week. According…
[ad_1] Este artículo también está disponible en español. Dr. Artur Kirjakulov, CEO and founder of XPMarket, has publicly accused Bitstamp of executing a “rug pull” against the XRP community. This serious allegation has ignited a contentious debate among industry stakeholders, raising questions about the stability and reliability of Bitstamp’s involvement in XRPL-based financial instruments. Has Bitstamp Rug Pulled The XRP Community? On Sunday, November 17, Dr. Kirjakulov took to X to voice his concerns regarding Bitstamp’s recent actions. “Bitstamp literally has just rug pulled XRPL community,” he claimed and asserted that Bitstamp had “withdrew more than 90% of liquidity from…
[ad_1] XRP, the cryptocurrency of the blockchain company Ripple, has become the latest cryptocurrency to break out in the wild crypto market. On Sunday, its market value touched $1.2 apiece, a record for the token in the past three years. Although the token’s value is still far behind its all-time high of $3.84, achieved in 2018, analysts are predicting a massive upside to this token.XRP Price Surge: Key HighlightsXRP is trading at its 3-year-highThe token doubled its value over the last 7 daysIts market cap reached almost $66 billionIt is now the sixth-largest token in terms of market capitalisationXRP price…
[ad_1] Spot Bitcoin ETFs hurdle its biggest legal roadblock to date after the US Commodity Futures Trading Commission (CFTC) clarified that it’s no longer taking a role in clearing BTC ETF options. In a staff advisory dated November 15th, the CFTC, through its Division of Clearing and Risk, announced that it was transferring the approving authority to the Options Clearing Corporation (OCC). According to ETF analyst Eric Balchunas, the OCC is under pressure now and will probably list these ETFs soon. At this point, only the OCC has the mandate to settle the listing of the ETF options. Approval of…
[ad_1] Sławomir Mentzen, chairman of the Polish “New Hope” party and a contender in the upcoming presidential election, announced his plans for establishing a strategic Bitcoin reserve in Poland during a discourse on X. The initiative underscores Mentzen’s vested interest in Bitcoin, evidenced by his personal investment of 33.7 BTC, valued at over $3 million. Will Poland Establish A Bitcoin Reserve? The announcement gained prominence when Lech Wilczyński, Chief Executive Officer at Instar Energy Lab S.A. and Co-Founder of InPay, publicly queried Mentzen regarding his stance on promoting a strategic Bitcoin reserve in Poland. In response, Mentzen unequivocally affirmed his…
[ad_1] Este artículo también está disponible en español. Bitcoin price saw a short-term correction below the $90,000 zone. BTC is now again rising and the bulls could now aim for a move above $94,000. Bitcoin started a fresh increase from the $86,600 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $91,000 resistance zone. Bitcoin Price Aims Higher Bitcoin price started…
[ad_1] Dogecoin is consolidating gains above the $0.320 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400. DOGE price started a consolidating like Bitcoin and stayed above the $0.320 resistance level. The price is trading near the $0.3750 level and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $0.3670 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rally if it clears the $0.400 and $0.4150 resistance levels. Dogecoin Price Eyes Fresh Surge Dogecoin price started…