Day: October 30, 2024

POPCAT Reaches New Record Price Of $1.75

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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…

Spot Bitcoin ETFs recorded 5-month high inflows of $870m

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The U.S.-based spot Bitcoin exchange-traded funds have been running wild over the past three weeks, acting as a major catalyst for the market-wide bullish momentum. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs in the U.S. recorded $870.1 million in net inflows on Oct. 29—a level last seen on June 4. BlackRock’s IBIT fund led with $642.9 million in inflows, with its total net inflows reaching $24.94 billion. Here’s a quick review of the ETF performance yesterday:  Fidelity’s FBTC: $133.9 million in inflows. Bitwise’s BITB: $52.5 million…

UAE and Saudi Arabia Deepen Ties With Russia Amid Global Shifts

The United Arab Emirates (UAE) and Saudi Arabia are bolstering strategic ties with Russia, with the UAE seeking a partnership and Saudi Arabia enhancing diplomatic collaboration for regional stability. UAE and Saudi Arabia Strengthen Strategic Ties with Russia During a meeting in Dubai, UAE President Sheikh Mohamed bin Zayed Al Nahyan emphasized his intent to […] Source CryptoX Portal

Bitcoin Rips Above $70,000: Is The Post-Halving Advance Officially On?

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Bitcoin is on a tear, easing past the psychological round number at $70,000. At press time, the world’s most valuable coin is approaching $72,000, a critical resistance level that marks June 2024 highs. Bitcoin Breaks Above $70,000 And Descending Triangle As buyers press on, reversing losses of the second half of last week and soaring to print a three-month high, one analyst has also picked out another crucial development. In a post on X, the technical analyst said not only is the price firm at press time, but the explosion…

BTC ETFs Record Massive $870 Million Inflows

“$IBIT traded $3.3b today, biggest number in 6mo, which is a bit odd bc btc was up 4% (typically ETF volume spikes in a downturn/crisis),” Balchunas said on X. “Occasionally tho volume can spike if there a FOMO-ing frenzy (a la $ARKK in 2020). Given the surge in price past few days, my guess is this is latter, which means look for (more) big inflows this week.” Source

Dogecoin (DOGE) Rockets Ahead: Will the Rally Hold?

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Dogecoin is up over 20% and trading above the $0.1650 support zone against the US Dollar. DOGE must clear the $0.1780 resistance to continue higher. DOGE price started a major increase above the $0.1500 resistance level. The price is trading above the $0.1650 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1715 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rise if it clears the $0.1780 and $0.1800 resistance levels. Dogecoin…

Peter Schiff Emphasizes Gold Bull Market Is Just Getting Started

Economist and gold advocate Peter Schiff declares gold’s explosive rise is only the beginning, forecasting a historic rally fueled by looming inflation and economic turmoil. Peter Schiff: Gold Bull Market Hits Record High — But This Is Just the Beginning Economist and gold advocate Peter Schiff underscored gold’s impressive 2024 gains, reaching a record high […] Source CryptoX Portal

XRP Price on The Verge: Can It Shake Free and Surge Ahead?

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XRP price is attempting a fresh increase above the $0.5150 zone. The price could gain bullish momentum if it settles above the $0.5500 resistance zone. XRP price is eyeing more gains above the $0.5350 zone. The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $0.5180 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles above the $0.5500 resistance zone. XRP Price Eyes Upside…

Stablecoins Signal Strong Bitcoin Demand: Could BTC Renew Its ATH Soon?

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The recent activity in Bitcoin price and demand metrics suggests a potential resurgence in market interest, which could lead to a renewed all-time high. So far, Bitcoin has recently achieved a significant price rebound, reclaiming a trading level above $70,000 after a sustained period of resistance just below this price mark. This uptrend follows a 5% increase over the past 24 hours, positioning Bitcoin for $71,933 at the time of writing. One factor influencing this rally is a heightened demand reflected in stablecoin movements, a metric often used to gauge…

US Sanctions on Russia Backfire, Elevating BRICS as a ‘Genuine Financial Threat’

Western sanctions on Russia have backfired, bolstering BRICS as nations seek alternatives to Western financial control, according to a former U.S. state senator. Former Senator: US Sanctions on Russia Empower BRICS as Financial Threat Former Virginia State Senator Richard Black has claimed that Western sanctions against Russia have weakened trust in the West and driven […] Source CryptoX Portal