[ad_1] Este artículo también está disponible en español. Solana (SOL) has captured significant attention in the crypto market after a series of volatile days that followed its breakout to a new all-time high on November 22. The asset, known for its speed and scalability, is now testing critical demand levels around $220, a zone that could determine its next move. Related Reading Renowned investor and trader Carl Runefelt shared a detailed technical analysis on X, highlighting the formation of a massive symmetrical triangle that Solana has been tracking since early November. According to Runefelt, this pattern indicates a period of…
Author: dfrancis36
[ad_1] President-elect Donald Trump’s proposal to establish a national Bitcoin reserve has ignited a wave of criticism from economic experts, including former Treasury Secretary Larry Summers. Summers, who managed the US national gold reserve during Bill Clinton’s administration, described the idea as “crazy” and lacking a clear purpose in a recent interview. Bitcoin Reserve Proposal As ‘Politically Motivated’ Summers articulated his skepticism, asserting that while it makes sense to stockpile tangible resources like gold and oil, Bitcoin’s nature as a “sterile inventory” renders it unsuitable for a national reserve. “There’s no reason to do that other than to pander to…
[ad_1] In a strategic shift from its stance on digital currency, Iran has decided to regulate the crypto industry instead of restricting it. The decision was announced by the Minister of Economic Affairs and Finance Abdolnaser Hemmati at a national event in Tehran, where he said that they aim to minimize the risks associated with crypto while reaping all its benefits. The country’s Central Bank will be in charge of managing all the digital assets. From laying down the regulatory framework and helping financial institutions adopt digital assets to monitoring transactions and ensuring compliance, it’s all up to the Central…
[ad_1] In a keynote delivered Tuesday at the Bitcoin Mena conference in Abu Dhabi, Eric Trump, executive vice president of the Trump Organisation and the son of US president-elect Donald Trump, made a bold forecast for the BTC price. Trump’s speech touched on Bitcoin’s scarcity, global liquidity, and disruptive potential to the traditional financial sector, culminating in a pronouncement that the BTC price will reach $1 million. Eric Trump Predicts $1 Million Per Bitcoin Throughout the keynote, Trump highlighted the unique advantages of Bitcoin over traditional assets like real estate and gold. He described BTC’s scarcity – the fixed supply…
[ad_1] Bitcoin witnessed its first-ever daily close above $100,000 over the weekend, and one popular analyst believes that BTC is in the early stages of a parabolic upside burst. The pseudonymous trader known as Rekt Capital tells 519,900 followers on the social media platform X that Bitcoin tends to undergo steep rallies after entering bull territory. According to the crypto strategist, Bitcoin may have nine months or so before ending its parabolic surge based on historical price patterns. “BTC has only just begun its parabolic phase in the cycle. Historically, this phase has lasted on average ~300 days. Bitcoin is only…
[ad_1] Este artículo también está disponible en español. The XRP price action has played out notable volatility in the past eight or so weeks, with intense trading activity not seen in over six years. Following the U.S. presidential election on November 5, 2024, where Donald Trump secured victory, XRP’s value surged over 400%, reaching a peak of $2.90 on crypto exchange Binance on December 3. However, the XRP price has experienced a downturn in the past week. Interestingly, this XRP price correction seems to be playing out an ABC correction path, with technical analysis suggesting a more downturn before the…
[ad_1] After an impressive rally that saw its price soar by nearly 400%, XRP is now facing a market correction. The crypto asset price has dipped to less than $2.20, but new developments, including potential XRP spot ETFs, hint at promising opportunities for investors looking beyond the volatility.Cooling PhaseFrom the daily price chart, XRP has dropped from a high of $2.45 to trade at $2.16 at the time of publication. This represents an 11% price correction. The token could face sharper declines if it falls to around $1.6 support. Ranked 4th with a market capitalization of $123 billion, XRP has…
[ad_1] On December 9, Google’s CEO Sundar Pichai revealed “Willow,” a quantum computing chip that he claims represents a pivotal milestone in the quest for scalable quantum systems —raising immediate questions about its implications for Bitcoin’s long-term cryptographic security. While quantum computing has long promised breakthroughs, Willow’s reported ability to dramatically reduce error rates and handle previously unmanageable computational tasks has re-ignited debate over its implications for cryptography, particularly Bitcoin’s foundational security layers. In a statement posted on X, Pichai described Willow as a 105-qubit chip that can “reduce errors exponentially” at scale—something researchers have struggled to achieve for decades.…
[ad_1] Este artículo también está disponible en español. Cardano (ADA) faced a 23% retrace from its local highs yesterday, following a volatile day that saw many altcoins lose ground. Despite the correction, ADA has been one of the top-performing altcoins since November 5, showcasing its resilience amid market fluctuations. Investors remain optimistic that Cardano will continue outperforming as the broader crypto market gains momentum. Related Reading Top analyst Ali Martinez shared a technical analysis on X, highlighting striking similarities between ADA’s current price chart and its 2020 performance—a year marked a bullish phase for altcoins. According to Martinez, this resemblance…
[ad_1] A wallet linked to the United States government has moved 54,897,092,549 Shiba Inu (SHIB) tokens to a newly created Ethereum wallet. Blockchain analytics platform Arkham Intelligence recorded the transaction on December 3. Announcing the activity on X. Meanwhile, Shiba Inu has been bearish on the H4 chart, seeking support. The daily chart shows that the price is having a correction. Government Transfers Seized Shiba InuThe transfer left the sending wallet, previously linked to the US government, with no SHIB tokens. The receiving wallet, identified as ‘0x995,’ now holds digital assets valued at $33 million.The US government obtained the SHIB…