Month: November 2024

Bitcoin Price Takes a Sharp Dip: Is This Just a Correction?

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Bitcoin price is correcting gains from the $73,500 zone. BTC is back below the $70,000 level and showing a few bearish signs. Bitcoin started a fresh decline from the $73,500 zone. The price is trading below $71,500 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $70,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is showing a few bearish signs and might test the $68,500 support zone. Bitcoin Price Trims Gains Bitcoin…

Peter Schiff’s Grim Forecast: Microstrategy’s Bitcoin Gamble Nears Dangerous Limits

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Peter Schiff warns that Microstrategy’s $42 billion plan to boost bitcoin holdings, funded by debt and equity, risks a dangerous liquidity trap. He called Michael Saylor “the Egg Man.” Liquidity Trap Looms? Schiff’s Ominous Message for Microstrategy’s Bold Plan Economist and gold advocate Peter Schiff has called out Microstrategy executive chairman Michael Saylor’s latest bitcoin […] Original

Agora Introduces AUSD Stablecoin on Injective (INJ)Blockchain

Lawrence Jengar Nov 01, 2024 02:21 Agora launches AUSD, a US dollar-backed stablecoin, on the Injective (INJ)blockchain, enhancing liquidity between DeFi and TradFi markets, and supporting seamless financial transactions. Agora, a stablecoin startup co-founded by Nick Van Eck, has announced the launch of its fully collateralized US dollar stablecoin, AUSD, on the Injective (INJ)blockchain. This significant development aims to bolster liquidity between decentralized finance (DeFi) and traditional finance (TradFi) markets, according to Injective Labs. AUSD: A Robust Financial Tool AUSD is backed…

Bitcoin Supporter Says Crypto Will Surpass Gold And Oil

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Este artículo también está disponible en español. An OG Bitcoin advocate made a bold forecast that demand for Bitcoin will increase rapidly in the near future, bolstering the estimates of some crypto experts that BTC is on a trajectory to hit the six-figure level. OG, short for “original gangster” or “original gangsta,” is a slang expression for someone who is exceptional, unique, or “old-school.” The BTC supporter also suggested that the coin is moving in the direction that will allow the crypto to outshine gold, the US dollar, and other…

Unknown PR Agency Claims to Have Revealed Satoshi’s Identity

An unknown PR agency calling itself PR London Live has announced that it is ready to reveal the identity of Bitcoin creator Satoshi Nakamoto. The event organizers have invited everyone to meet this mysterious figure at a press conference in London on Oct. 31. However, the announcement contains some alarming elements that may cause mistrust. In a press release published on Oct. 30, the agency announced the planned disclosure of Nakamoto’s “legal identity” at the Frontline club in Paddington. The event’s creators claim that there have been legitimate reasons for…

Ethereum Blobs Are ‘Insanely Bullish” For ETH Price: Research

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Este artículo también está disponible en español. Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum’s implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereum’s scalability and economic dynamics. “Many people arguing about blobs, but so far no one has simulated how they respond to demand… until now,” Robinson stated. “TL;DR: Blobs are insanely bullish for ETH long term.” Why Blobs Are ‘Insanely Bullish’ For…

JPMorgan Predicts Bitcoin, Gold Boost With Trump Triumph on Horizon

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JPMorgan analysts suggest bitcoin and gold could see retail demand surge with a potential Trump win, though institutional investors remain cautious amid overbought futures. Bitcoin, Gold Prices Poised for Upside? JPMorgan Weighs Trump-Driven Potential JPMorgan analysts, led by managing director Nikolaos Panigirtzoglou, indicated in a Wednesday report that a possible Donald Trump win in the […] Original

ApeCoin Holds Steady At Key Level – Can A Rebound Follow?

ApeCoin is holding steady at the crucial $1 support level, fueling speculation on whether the bulls are ready for a comeback as it maintains its position above this key mark. Recent bearish pressure has driven the token to a point where a recovery might be on the horizon, yet the critical question is: can buyers defend this level and push prices higher? With momentum shifting and market sentiment in flux, the scene is set for either a breakout on the upside or a breakdown. This article aims to analyze ApeCoin’s…