Aptos also joined Uniswap as an underperformer, declining 7.6% from Friday. Source
CoinDesk 20 Performance Update: UNI Falls 8.6% as All Market Constituents Trade Lower
Day: November 4, 2024
OKX Ventures Q3 2024 Report Highlights Investments in Blockchain and AI Innovations
Zach Anderson Nov 04, 2024 14:06 OKX Ventures emphasizes investments in blockchain ecosystems and AI technologies, focusing on Bitcoin, Ethereum, and innovative projects like zkLink and Monad in its Q3 2024 report. In its Q3 2024 report, OKX Ventures has highlighted a strategic focus on promising projects within leading blockchain ecosystems, including Bitcoin (BTC) and Ethereum (ETH), as well as advancements in AI technologies. According to OKX Ventures, the Federal Reserve’s recent rate cuts have positively impacted decentralized finance (DeFi) protocols, enhancing…
Bitcoin Technical Analysis: Consolidation Continues as Market Tests Key Levels
Bitcoin’s movement held steady over the past hour, trading between $68,856 and $69,156 in a tight range. Bitcoin On the 1-hour chart, bitcoin is facing resistance at $69,444, with support near recent lows of $67,459. This range, paired with low volume, signals a period of consolidation. Traders might consider buying around $67,500 if support holds […] Original
ADA Slips Below $0.3389 Level, Deeper Downtrend Looming?
Cardano (ADA) has once more dropped below the crucial $0.3389 support level, sparking fears of an extended bearish phase. This level has previously held strong as a line of defense for ADA, but its recent breach suggests that sellers may be gaining the upper hand. With ADA navigating lower levels, investors are left questioning whether this slip could open the door to a deeper downtrend. As bears tighten their grip, this article aims to analyze the recent decline of ADA below the critical $0.3389 support level and evaluate the likelihood…
Binance Reveals Strategy to Introduce Crypto to the Next Billion Users
Binance CEO Richard Teng has revealed the strategy the exchange will follow to regain its growth trajectory. Teng stated that the real objective is to attract outsiders to crypto, downplaying the recent decline of Binance in the exchange market. Binance Reveals ‘Compliance First’ Strategy to Recover Market Share Binance, the largest cryptocurrency exchange in the […] Source BitcoincryptoexchangeExchanges CryptoX Portal
Deutsche Telekom arm partners with Germany’s oldest bank for renewable Bitcoin mining trial
Deutsche Telekom’s MMS and Bankhaus Metzler are piloting Bitcoin mining to tap surplus renewable energy and stabilize Germany’s grid. Deutsche Telekom subsidiary MMS and Bankhaus Metzler, Germany‘s second oldest bank, have launched a pilot project to explore the use of surplus renewable energy for Bitcoin (BTC) mining, aiming to gather field data that could help stabilize Germany’s energy grid. In a Monday press release on Nov. 4, Deutsche Telekom said that the project will be powered by electricity from “renewable energy sources, which would otherwise remain unused due to insufficient…
Bitcoin (BTC) Price Little Changed as U.S. Election Enters Final Stretch
Bitcoin and other major cryptos traded little changed on the final day before the U.S. presidential election. BTC edged back toward $69,000, around 0.8% higher in the last 24 hours. The broader digital asset market was more muted, rising less than 0.5%. From being a few dollars away from a new record last week, bitcoin pulled back to a low of $67,600 on Sunday, seemingly in tandem with a retreat in the more pro-crypto Donald Trump’s chances of election victory. With only hours remaining before the first polls open in…
Crypto investment inflows hit record $29.2b YTD
Crypto investment products experienced inflows of $2.2 billion, pushing year-to-date totals to a record $29.2 billion. Crypto investment products drew $2.2 billion in inflows last week, bringing year-to-date inflows close to $30 billion and total assets under management above $100 billion for only the second time, matching the $102 billion level recorded in early June, according to data from CoinShares. CoinShares head of research James Butterfill attributed the recent inflows to investor sentiment surrounding the upcoming U.S. elections, saying “euphoria around the prospect of a Republican victory were the likely…
Bitcoin Mining Stocks Take a Dive – But Monday Could Change the Game for These Players
It’s been a rough week for bitcoin mining stocks, as nine out of the top ten publicly listed miners have seen declines ranging from 2.07% to 19.65%. This Week Applied Digital Leads Declines in Bitcoin Mining Sector, Hut 8 Only Gainer With just two days to go before the U.S. election, crypto markets are heating […] Original
Why One Analyst Says Now’s The Time To Buy XRP
Este artículo también está disponible en español. A few analysts say Ripple’s XRP is preparing for an explosive price action. Steph, an analyst under the “StephIsCrypto” username, offers a bold, positive outlook for XRP, saying that a significant price rally is in the pipeline thanks to increased global liquidity. Related Reading In a published analysis, Steph highlighted the token’s historical relationship with increased liquidity and structural patterns like the descending channel and the Bollinger Bands. According to Steph, these are the primary factors that set up XRP for a price…