[ad_1] Este artículo también está disponible en español. Crypto analysts said that Bitcoin remains on course for a massive price hike after Donald Trump reclaimed the US presidency through a historic win against US Vice President Kamala Harris. Related Reading Bitcoin’s price trajectory has been the subject of many speculations in the last few weeks but with the election of a known pro-crypto candidate, it seems BTC is moving in the upward direction. At the time of writing, BItcoin was trading at $76,033, up 1.7% and 9.5% in the daily and weekly timeframes, data from Coingecko shows. The figure marks…
Author: dfrancis36
[ad_1] An analyst has pointed out how this price level could end up being the next destination of Dogecoin based on a Descending Triangle pattern. Dogecoin Is Moving Inside A Descending Triangle Right Now In a new post on X, analyst Ali Martinez has talked about a pattern that has recently been forming in the price of Dogecoin. The pattern in question is the “Descending Triangle” from technical analysis (TA), which, as its name suggests, looks like a triangle slopped downwards. The pattern involves two lines between which the price of the asset consolidates: an upper one with a negative…
[ad_1] Este artículo también está disponible en español. Ethereum (ETH) has jumped almost 20% over the past two days as the broader decentralized finance (DeFi) sector rallied following Donald Trump’s presidential victory. Ethereum Begins To Regain Momentum The second-largest cryptocurrency by reported market cap has lagged behind Bitcoin (BTC) and other smart contract platform tokens like Solana (SOL) for much of the year. Related Reading However, following Trump’s win as Republican US presidential candidate, ETH has witnessed a rise of over 10% since yesterday. The token’s rise has brought attention to one of Ethereum’s most innovative use cases to date…
[ad_1] Bitcoin has surged to new all-time highs, reaching $76,500, following Donald Trump’s victory in the US elections. This price breakout has reignited investor optimism, particularly among US traders, with demand increasing significantly since the election results. Trump’s pro-crypto stance has played a key role in boosting market sentiment, especially among institutional investors. Data from CryptoQuant reveals a notable surge in institutional demand, especially from US-based investors, which has recently propelled BTC’s price. The Coinbase Premium Index, a critical metric that tracks the difference between BTC’s price on Coinbase and other exchanges, turned positive for the first time since October…
[ad_1] Ethereum price started a fresh increase above the $2,720 resistance. ETH is up over 10% and now approaches the key barrier at $3,000. Ethereum started a fresh surge above the $2,720 resistance zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a new connecting bullish trend line forming with support at $2,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,950 resistance. Ethereum Price Extends Its Increase Ethereum price started a fresh increase above the $2,650 resistance like Bitcoin. ETH was…
[ad_1] Changpeng Zhao, popularly known as CZ, who was released from custody in the US in late September after serving his four-month prison sentence, is now receiving offers to sell his controlling stake in the crypto exchange Binance, he told Bloomberg in a recent interview.However, Zhao did not reveal the names or identities of the parties interested in buying Binance shares.Possibility of New Binance Owners?“I’m not saying that I’m going to hold onto the equity forever or not,” he said in the first interview after his release from US prison. “I’m happy to review every offer, but so far I…
[ad_1] The recent US elections on November 5 have reshaped the political space and appear to have significant implications for the cryptocurrency industry. Coinbase CEO Brian Armstrong expressed optimism in a post-election “reflection”, emphasizing that the political winds gradually shift toward digital assets. US As A Crypto Hub? Armstrong pointed to the election of figures friendly to the digital currency industry, such as Donald Trump, now the 47th President of the United States, and Republican Sen. Bernie Moreno in Ohio, as key markers of change. Moreno, who defeated Democrat Sen. Sherrod Brown—a known critic of cryptocurrency—represents a pivotal gain for…
[ad_1] BNB price struggled to stay above the $600 zone. The price is consolidating gains and might aim for a fresh increase above the $605 level. BNB price started a downside correction from the $612 resistance zone. The price is now trading above $590 and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $595 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $588 level to start another increase in the near term. BNB Price Holds Support After a close above the $585…
[ad_1] The California Department of Financial Protection and Innovation (DFPI) has now permanently revoked the license of bankrupt crypto lender BlockFi, two years after initially suspending it.An Array of ViolationsAnnounced yesterday (Friday), the state regulator disclosed that BlockFi has agreed to settle by accepting the license revocation. The bankrupt company further agreed to cease any practices that violated regulations or posed risks to consumers.According to the DFPI’s latest report, BlockFi breached license conditions by failing to evaluate borrowers’ repayment ability and by charging interest before loan proceeds were disbursed. Additionally, the platform did not provide credit counselling to consumers, failed…
[ad_1] Following Donald Trump’s victory in Tuesday’s election, members of the crypto community are celebrating a renewed sense of hope for their ETF ambitions. The change in political leadership is seen as a potential turning point for the approval of cryptocurrency ETFs focused on altcoins such as Solana, XRP and Litecoin. Solana Gains Ground In ETF Approval Race Unlike the Biden administration, which approached digital assets with ongoing enforcement actions and a hostile regulatory environment, President-elect Trump has embraced the industry with key promises to spur growth in the nascent financial sector. Trump’s pro-crypto stance has encouraged Wall Street to…