Day: October 29, 2024

Bitcoin soars above $71k, crypto analyst predicts a new all- time high

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The price of Bitcoin has gone well beyond $71,000 for the first time since June 2024 on Oct. 29. Crypto analyst predicts Bitcoin is poised to reach a new all-time-high this week if the upward trend continues. According to data from crypto.news, Bitcoin(BTC) has gone up nearly 5% on Oct. 29. The cryptocurrency with the largest market cap reached $71,267 in the past 24 hours. The last time Bitcoin was able to cross the $71,000 threshold was in June 2024. Previously reported on Oct. 28 by crypto.news, head of research…

Bitcoin Open Interest Set Record Highs as BTC Price Surges to $71K, Here’s Why

High open interest can lead to increased volatility, especially as contracts near expiration. Traders might rush to close, roll over, or adjust positions, which can lead to significant price movements. Research firm Kaiko said in an X post that while futures showed strong interest from traders, the funding rates for such positions remain well below March highs which indicate tempered demand. Source

Trump would not be good for world economy, financial markets

Temasek, a Singaporean investment firm, shows concerns over the potential impact of Donald Trump’s presidential victory on the global economy.  According to a Bloomberg report, Temasek’s chief investment officer, Rohit Sipahimalani, argues that while Trump may appeal to markets due to his stances on tax cuts and deregulation, his policies could strain international growth in the long term.  With the U.S. presidential election coming up in a week, Sipahimalani suggests that Trump’s policies could hinder both U.S. and global companies, especially those with extensive overseas operations. The Bloomberg report indicates…

Neiro Breaks Above Key Level After 10% Drop, Is $0.0020 Next?

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Este artículo también está disponible en español. Despite Neiro (NEIRO)’s recent price drop, analysts and investors seem bullish on the memecoin. Some market watchers noted the cryptocurrency’s potential, suggesting the levels to watch ahead of the next bullish rally. Related Reading Neiro Sees 10% Weekly Correction Neiro made the headlines three months ago after becoming an overnight sensation on the Ethereum Network. The memecoin was inspired by the newly adopted sister of Dogecoin’s inspiration, Kabosu. The cryptocurrency has registered a remarkable performance during October, jumping 30% month-to-date (MTD). Moreover, the…

Statement on ICO’s work to protect children online

Emily Keaney, ICO Deputy Commissioner (Regulatory Policy), said: “Children see sharing their personal information online as necessary to avoid social exclusion, our new research has found. Our Children’s Data Lives research shows that, for many children, their data is the only currency they have and sharing their personal details was often seen to be a necessary exchange to access apps and services to help them make and stay in touch with friends. Youngsters said they are unaware of how companies collect and use their data and generally trust ‘big companies’.…

3 altcoins that could outperform Bitcoin and Ethereum

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Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Emerging altcoin CYBRO is gaining traction with a $3 million presale and potential 1200% returns, positioning it as a prime investment opportunity amid the crypto market. As the crypto market shifts, some lesser-known coins may soon take center stage. While Bitcoin and Ethereum dominate headlines, a few alternative cryptocurrencies are showing signs of significant growth. This article…

Ethereum Founder Vitalik Buterin: ‘The Splurge’ Seeks to Bring the EVM to an ‘Endgame State’

Ethereum founder Vitalik Buterin has unveiled his ambitious roadmap titled “The Splurge,” which aims to enhance the Ethereum Virtual Machine (EVM) and bring it to a stable and performant “endgame state.” The initiative focuses on several key goals, including the integration of account abstraction to improve user experience, optimizing transaction fee economics, and exploring advanced […] Source CryptoX Portal