Day: October 16, 2024

Blockchain Data Reveals Lackluster Response To Trump New Crypto Token Launch

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Este artículo también está disponible en español. Donald Trump new cryptocurrency initiative, World Liberty Financial (WLF), has encountered significant challenges since its launch. According to a report by CNBC, the project aims to establish a crypto bank and was expected to attract considerable investor interest. However, the token sale, which began on Tuesday, was marred by website outages and technical issues, severely limiting participation. Trump Crypto Venture Faces Setbacks Zachary Folkman, co-founder of WLF, had previously indicated that over 100,000 individuals were on the whitelist for the investment opportunity. Despite…

Litecoin rallies 11% amid spot ETF application and improving market sentiment

Litecoin surged to its two-month highs following the news of a spot Litecoin ETF filing with the U.S. Securities and Exchange Commission. Litecoin (LTC) rose 7.2% over the last day, exchanging hands at $71.52 on Wednesday, Oct. 16, its highest price seen since the end of July. LTC 24-hour price chart – Oct. 16 | Source: crypto.news This recent rally reflects a 15% increase from its monthly low, with Litecoin’s market capitalization growing from $4.6 billion on Oct. 3 to over $5.36 billion at the time of writing. The upward…

Bitcoin’s (BTC) Inverse Ties With Dollar Index (DXY) Challenged as U.S. Election Looms

“The upside convexity on a Trump win is worth being long, and we are seeing market participants building positions in the lead-up. In the absence of an escalating crisis, we see BTCUSD at 70,000 in the coming weeks, continuing off current downside support, with equities breaking further highs,” crypto liquidity provider Zerocap’s Chief Investment Officer Jonathan de Wet said in an email. Source

Malta-Based Investment Company to Follow Microstrategy’s Bitcoin Playbook

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Samara Asset Group, a Malta-based investment company focused on seeding tech and crypto startups, aims to follow the Microstrategy playbook by announcing a bond whose proceeds will grow its bitcoin portfolio. Co-founded by cryptocurrency proponent Mike Novogratz, the company’s mission is to empower its shareholders “to participate in the performance of their strategies and disruptive […] Original

Institutions Pile Into Bitcoin As Retail Sells—A Bullish Signal For The Market?

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Este artículo también está disponible en español. As Bitcoin continues its journey toward recovery, recent market activity has revealed an interesting shift in investor behaviour. According to a CryptoQuant analyst known as caueconomy, institutional investors are quietly accumulating Bitcoin as retail traders reduce their positions. This observation was shared in a post on the CryptoQuant QuickTake platform, highlighting a growing trend where whales—large investors—are buying up Bitcoin from smaller, more “impatient investors.” Related Reading Retail Traders Exit While Whales Accumulate The analyst explained in the post disclosing that, in the…

Bitcoin holding strong at $67k amid solid ETF inflows

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Bitcoin’s surge above the $67,000 mark came along with solid spot exchange-traded fund inflows and increased short liquidations. Bitcoin (BTC) is up 2% in the past 24 hours and is trading around $67,000 at the time of writing. Yesterday, Oct. 15, the flagship crypto asset surpassed $67,500 and even got close to the $68,000 zone, marking a two-month-high. BTC price – Oct. 16 | Source: crypto.news BTC’s market cap is currently hovering at $1.32 trillion with a daily trading volume of almost $50 billion. It’s rising trading volume shows increased…

Litecoin (LTC) Jumps 10%: Can the Bulls Fuel a Bigger Rally?

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Litecoin price is gaining pace above the $70.00 level against the US Dollar. LTC could continue to rise if it clears the $72.80 resistance zone. Litecoin is showing positive signs from the $65 support zone against the US Dollar. The price is now trading above $70 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $68.00 on the hourly chart of the LTC/USD pair (data feed from Kraken). The price is up over 10% and might continue to rise if it clears…