[ad_1] Tesla and SpaceX Chief Executive Officer (CEO), Elon Musk has been known to be significantly bullish on Dogecoin (DOGE), often posting humorous tweets about the popular meme coin. However, recently the SpaceX CEO announced that he is not actively involved in cryptocurrency. This appears to contradict his very public adoration for Dogecoin, the king of meme coins, raising the question of why he continues to favor Dogecoin over other cryptocurrencies. Elon Musk Steps Back From Crypto In a recent video shared by a popular Dogecoin supporter account called ‘CEO’ on X (formerly Twitter), Musk publicly declared that he is…
Author: dfrancis36
[ad_1] Bitcoin price extended gains above the $69,200 resistance zone. BTC is now correcting gains and trading near the $67,500 pivot level. Bitcoin struggled to test the $70,000 resistance zone and corrected some gains. The price is trading below $68,500 and the 100 hourly Simple moving average. There was a break below key contracting triangle with support at $68,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a close below the $66,500 zone. Bitcoin Price Dips To Support Bitcoin price remained supported above the $66,500 zone.…
[ad_1] Bitcoin has surged above $69,000, marking a significant milestone after two weeks of impressive gains. Since October 10, the price has increased by over 17%, positioning itself to test the previous all-time highs of around $73,000 set in March. This resurgence comes at a pivotal moment. Key data from Glassnode indicates a shift in the BTC trend from negative to positive, with a crucial indicator suggesting a bullish surge on the horizon. This week will be particularly critical as the crypto market gains momentum, especially with the upcoming US presidential election on November 5. The political landscape often influences…
[ad_1] Este artículo también está disponible en español. The latest weekly digital asset fund flow report from CoinShares has revealed that last week, crypto asset investment products saw roughly $2.2 billion in net inflows globally, marking the largest inflow since July. This rise in inflows comes amid the gradual recovery of top crypto assets last week, with the majority now reclaiming major highs and registering nearly double-digit gains over the past 7 days. Related Reading Who Led the Charge? Bitcoin-based products were the standout beneficiaries of last week’s inflows. US spot Bitcoin exchange-traded funds (ETFs) added $2.1 billion, with BlackRock’s…
[ad_1] Analyst Crypto Universe has predicted that the Dogecoin price will enjoy a gain of over 100% as it rises to $0.37. While the prediction undoubtedly looks feasible, the timeline for which he said this would happen is what caught the crypto community’s attention. When The Dogecoin Price Will Reach $0.37 Crypto Universe stated in an X post that the Dogecoin price will reach $0.37 in the next two weeks, surging by over 100% from its current price. This price surge will be a major boost for DOGE, as it will mark a new yearly high for the foremost meme…
[ad_1] Widely followed crypto analyst Michaël van de Poppe says that AAVE, the native token of the top lending platform on Ethereum (ETH), is set for bluer skies. According to Van de Poppe, AAVE is in the midst of a trend shift after its clear break of the $150 mark, which he says opens up the doors to the $250 level. “This one is a must to have in the portfolio, as I think it will outperform once DeFi picks up momentum. Clear trend switch. Staying above $110-$120 should lead towards a new push, having a target at $250.” Source:…
[ad_1] Este artículo también está disponible en español. Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume. The analyst has declared that the current state of the market is bearish, highlighting potential manipulation from whale investors. Bitcoin Price Could Crash To $35,720 According to Santana, Bitcoin has witnessed 75 days of bullish activity but has not reached projected new price peaks, currently trading within a lower high below $70,000. While the cryptocurrency did hit an All-Time High (ATH) in March,…
[ad_1] The UK financial regulatory agency sticks to its decision to continue implementing stringent rules in the registration process of businesses involved in cryptocurrencies. The Financial Conduct Authority (FCA) asserted that UK’s tough regulations on crypto firms serve as a deterrence to prevent these companies from becoming conduits for any money laundering activities. Strict Rules Necessary The FCA upheld the strict registration process under the Money Laundering Regulations (MLRs), stressing that the regulations are vital to safeguard the integrity of the UK’s financial system. In a statement, Val Smith, head of payments and digital assets in FCA’s authorizations division, said…
[ad_1] On-chain data shows the XRP network has seen a burst of activity and address creation recently, something that could turn out to be a bullish signal. XRP Active Addresses & Network Growth Have Both Spiked Recently According to data from the on-chain analytics firm Santiment, address-related indicators have spiked for XRP recently. The first metric of relevance here is the “Daily Active Addresses,” which keeps track of the total number of addresses that are participating in some kind of transfer activity on the network every day. The unique number of active addresses can be considered the same as the…
[ad_1] Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he…