[ad_1] The futures market is signaling that the current Bitcoin rally, spurred by Donald Trump’s recent election victory on Tuesday, might be starting. According to Vetle Lunde, head of research at K33 Research, the election’s immediate aftermath has seen a “risk-on rotation” across derivatives, indicating a surge in investor confidence. Bitcoin Options Market Targets $80,000 By Late November On the Chicago Mercantile Exchange (CME), the basis—the difference between the spot market price and futures contract prices—has risen sharply from 7% to over 15% in a single day, reflecting heightened interest from institutional investors. Additionally, perpetual futures contracts, favored by offshore…
Author: dfrancis36
[ad_1] Veteran trader Peter Brandt says that Bitcoin (BTC) is set to vastly outperform gold after printing a bullish pattern on the longer-term chart. Brandt shares a chart with his 745,000 followers on the social media platform X showing Bitcoin in a clear uptrend when priced in gold (BTC/XAU). According to Brandt, BTC/XAU has printed a three-year-long inverse head and shoulders (H&S), with the final part of the pattern – the right shoulder – playing out now. An inverse H&S suggests that demand for an asset is rising without the price having to revisit the lows. “Bitcoin or Gold –…
[ad_1] Este artículo también está disponible en español. Bitcoin surged to new all-time highs during election night, hitting an impressive $75,300 as market excitement reached a fever pitch. This milestone pushed Bitcoin into price discovery, igniting significant liquidations across trading platforms. Data from CryptoQuant reveals an unprecedented surge in short liquidations, surpassing $100 million within a single one-minute candle, marking a historic moment for BTC. This explosive price action was fueled by the surprise Trump win in the U.S. election, which appears to have sparked renewed enthusiasm for crypto assets as investors respond to the potential economic policies ahead. The…
[ad_1] Democrat Elizabeth Warren will serve her third senate term, beating John Deaton, a well-known crypto advocate. Warren, a progressive Democrat, was projected the winner by the Associated Press immediately after counting 50% of the total votes. During the heated campaign, much of the debates and policy discussions revolved around cryptocurrency regulation, with Senator Warren promising stricter crypto regulations. Republican Deaton, on the other hand, is a crypto industry lawyer and a well-known blockchain supporter. Warren’s win reinforces the growing call for cryptocurrency scrutiny under the industry’s Bank Secrecy Act (BSA) and the website’s Know Your Customer (KYC) protocol. Source:…
[ad_1] The stablecoin issuer Paxos partnered with the crypto exchange Kraken, the retail trading giant Robinhood and a handful of other digital asset firms to launch a new stablecoin network for enterprises. The new “Global Dollar Network” is an open network that aims to increase stablecoin usage around the globe, according to a new press release from Paxos. The new network’s native stablecoin is the Global Dollar (USDG), which Paxos issues out of Singapore. The stablecoin firm notes that the asset is designed for enterprises and will be compliant with the Monetary Authority of Singapore’s upcoming stablecoin framework. Explains Charles…
[ad_1] Uniswap (UNI) is riding a wave of renewed bullish momentum, with its price inching closer to the critical $8.74 resistance level. This surge has captured the attention of investors eager to see if UNI can overcome this hurdle and unlock fresh upside potential. As the market sentiment shifts more positively, the $8.74 level is a pivotal strength test for Uniswap’s rally. This article uncovers the dynamics behind Uniswap’s climb toward $8.74, evaluating if this resistance level could be the gateway to further gains. We’ll examine the key technical indicators, market sentiment, and potential challenges to determine if UNI’s bullish…
[ad_1] Cryptocurrency prices surged on Wednesday following Donald Trump’s victory in the just concluded US presidential election. Bitcoin jumped to a record high of $75,317, according to CoinMarketCap. This rally pushed over 11,000 new addresses into millionaire status, suggesting a bullish sentiment among investors with sights set on new all-time highs, Finbold reported. Bitcoin Millionaires SurgeAs Bitcoin’s price climbed rapidly, the count of BTC millionaire addresses experienced a notable jump. According to data from BitInfoCharts, on October 7, there were 121,851 addresses holding over $1 million in Bitcoin. By November 6, this figure reportedly surged to 132,842, adding 11,487 new…
[ad_1] Dogecoin and the Shiba Inu price have recorded double-digit rallies in the last 24 hours, up 25% and 10%, respectively. The foremost meme coins have witnessed these massive price rallies thanks to developments in the US election, which present a bullish outlook for them. Why Dogecoin And The Shiba Inu Price Recorded Double-Digit Rallies Dogecoin and the Shiba Inu price have recorded double-digit rallies because Donald Trump has won the US presidential elections and is set to become the next US president. A Donald Trump victory is bullish for Dogecoin and, ultimately, the Shiba Inu price, which is why…
[ad_1] Este artículo también está disponible en español. The 2024 US presidential election is decided. Donald Trump will get a second term, defeating Kamala Harris. In the midst of election night, the Bitcoin price rose to a new all-time high of $75,407 on Binance. The euphoria is driven by Trump’s big election promises. He wants to establish Bitcoin as a national strategic stockpile, fire Securities and Exchange Commission (SEC) Chairman Gary Gensler and generally enforce a crypto-friendly policy. While a Harris victory would have meant a short-term setback for Bitcoin according to most experts, the predictions by the majority of…
[ad_1] The US presidential election results are in, and Donald Trump scored a resounding victory, sweeping the electoral college and the popular vote. There are a huge number of takeaways from this emphatic resolution to a dramatic and unorthodox presidential race, but let’s focus on Bitcoin and blockchains and consider the implications for the crypto industry from this point on.A Crypto-Focused CampaignFrom the top, it’s important to note that there has never previously been a presidential campaign that featured crypto as prominently as that just run by Donald Trump. His push for the presidency received advice and backing from David…