Day: July 26, 2024

$4 Million War Chest In Bitcoin, XRP For Re-election

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Former President Donald Trump is set to deliver a keynote address at the 2024 Bitcoin Conference in Nashville, Tennessee, this weekend, amid growing speculation that Trump may announce Bitcoin as a strategic reserve asset for the United States. This move could have a significant impact on the entire cryptocurrency industry. Bitcoin Contributions Support Trump and Vance’s Platform According to a CNBC report, Trump has raised over $4 million in campaign contributions from a variety of digital assets, including Bitcoin, Ethereum (ETH), XRP, Circle’s USDC stablecoin, and various memecoins, ahead of…

Ethereum Targets Recovery: Can It Mirror Bitcoin’s Performance?

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Ethereum price extended losses and tested the $3,080 support zone. ETH is recovering and might aim for a test of the $3,350 resistance zone. Ethereum tested $3,080 and started a recovery wave. The price is trading below $3,350 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,220 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it stays above the $3,180 support zone. Ethereum Price Recovers above $3,200 Ethereum price…

Crypto expert predicts this new AI coin could 10x as presale nears its end

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. With Ethereum ETFs trading, a bull run looms. Analyst spots WienerAI with huge potential. Presale ends in 6 days after $7M raised. With Ethereum ETFs now trading, crypto’s next bull run is within reaching distance. However, according to a prominent analyst, there’s one project that stands out as having monumental potential. It is called WienerAI (WAI) and is currently available at presale. But after raising over $7 million, the…

Bitcoin Price Recovers Lost Ground: Is the Bull Run Back?

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Bitcoin price found support near the $63,500 zone. BTC is now rising and showing positive signs above the $65,500 resistance zone. Bitcoin formed a base and started a fresh increase above the $65,000 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $66,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate higher toward the $67,500 and $68,000 levels in the short term. Bitcoin…

Digital Shekel Challenge: Bank of Israel Engages 14 Teams for Digital Currency Innovation

The Bank of Israel has initiated the “Digital Shekel Challenge” to explore the potential of a central bank digital currency (CBDC) system inspired by the BIS Innovation Hub’s “Project Rosalind.” Fourteen teams from various sectors have been selected to propose innovative use cases. The challenge aims to integrate digital shekel with other payment systems and […] Source CryptoX Portal

Crypto Analyst Says Bitcoin Is Headed For $260,000 But This Must Happen First

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A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency, is on track to reach an unprecedented $263,000. However, he also emphasized that this bullish surge to new all-time highs is contingent on Bitcoin meeting specific market conditions.  Bitcoin Set For Massive Rally To $263,000 In an X (formerly Twitter) post on July 23, a crypto analyst identified as ‘Trader Tardigrade’ revealed that Bitcoin’s current price chart was forming a key technical pattern known as the “Cup with Handle chart pattern.” Notably, the Cup with Handle pattern is…

Skybridge Founder: Kamala Harris Open-Minded About Crypto

Anthony Scaramucci, founder of Skybridge Capital, believes that U.S. Vice President Kamala Harris is open-minded about crypto. Criticizing the narrative that her administration is hostile toward cryptocurrency, he predicted that SEC Chair Gary Gensler will be fired and Senator Elizabeth Warren will be sidelined as financial services czar in a Harris administration. “Let’s keep crypto […] Source CryptoX Portal

Bitcoin Mining Giant Marathon Digital Makes Major $100M BTC Acquisition

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Can RNDR reach $25 in 2025?

With the 2025 bull run around the corner, the Render Network price can rise dramatically. The surge in demand for 3D graphics in entertainment raises the question: Could RENDER soar to $25 by 2025? Let’s explore the factors at play. What is Render? The Render Network is a decentralized platform for GPU rendering that allows artists to use powerful GPU nodes worldwide for their projects on demand. Node providers contribute their unused GPU power to a blockchain-based marketplace, which enables faster and cheaper rendering than traditional centralized services. In this…

Cardano Among Alts Likely To See Price Boosts, Santiment Says

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On-chain analytics firm Santiment has revealed Cardano (ADA) is one of the altcoins that could likely see price jumps shortly. Cardano Among Altcoins That Are Being Heavily Shorted Right Now In a new post on X, Santiment has talked about the altcoins being shorted against on the derivatives market. The indicator of relevance here is the “Funding Rate,” which keeps track of the periodic fee that derivatives traders have to exchange with each other. When the value of this metric is positive, it means the long contract holders are currently…