The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners Likely to Engage in Illegal Bitcoin Mining […] Original
Spot Bitcoin exchange-traded funds in the United States saw a significant surge in inflows on Nov. 21, as Bitcoin inches closer to breaking the $100K barrier. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $1 billion in inflows on Thursday, extending their inflow streak to four days, which netted over $2.8 billion in total inflows during this period. Notably, the inflows seen on Nov. 21 were the highest in the last eight trading days, surpassing the $1.11 billion recorded on Nov. 11. BlackRock’s IBIT led the pack…
Strength in BTC is leading to a rotation in other major tokens ahead of the weekend, buoyed by renewed bullish hopes about a crypto-friendly Trump administration that takes office in January. Original
Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum. This breakout has ignited fresh waves of bullish optimism across the crypto market, as traders and investors anticipate greater gains. With market sentiment shifting and key indicators aligning, could this be the spark for Bitcoin’s next major rally? As optimism steadily increases in the market, the goal is to take a closer look at BTC’s impressive breakout above the $93,257 mark, analyze the positive sentiment driving its climb, and assess the potential…
Dogecoin is consolidating gains above the $0.380 resistance against the US Dollar. DOGE is holding gains and eyeing more upsides above $0.400. DOGE price started a fresh increase above the $0.3750 resistance level. The price is trading above the $0.3800 level and the 100-hourly simple moving average. There was a break above a short-term contracting triangle with resistance at $0.390 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to rally if it clears the $0.400 and $0.4080 resistance levels. Dogecoin Price Eyes…
Solana (SOL), one of the most prominent blockchains in the world, just hit a new all-time high record of $260. Fillings for Solana’s crypto-related products boost the token price. Solana spot exchange-traded fund (ETF) has been proposed by several companies, including Bitwise, VanEck, 21Shares, and Canary Capital, to the Securities and Exchange Commission (SEC). This move came after the commission approved Bitcoin and Ethereum spot ETF earlier this year. Bitcoin even now had trading options from BlackRock and Grayscale, raising the price to $99k. After those fillings, the SOL (SOL)…
Este artículo también está disponible en español. Polkadot (DOT) has entered a consolidation phase, trading below the $6 mark after a strong 30% rally since last Friday. This period of sideways movement has brought some volatility, but market conditions suggest DOT might be gearing up for its next major move. Investors watch the asset closely as it maintains a bullish structure despite temporary resistance near the $6 level. Related Reading Top crypto analyst Ali Martinez has shared a technical analysis highlighting Polkadot’s resilience. According to Martinez, DOT is holding the…
XRP price rallied above the $1.15 and $1.20 resistance levels. The price is up over 25% and might rise further above the $1.420 resistance. XRP price started a fresh surge above the $1.20 resistance level. The price is now trading above $1.250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $1.1400 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is up over 25% and it seems like the bulls are not done yet.…
An incoming crypto-friendly regulatory environment for U.S. based companies has renewed optimism for certain tokens, especially XRP. Source
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