While volatility is price-agnostic, recent flows in the options market suggest bullish expectations. Source
Bitcoin Set for $6K-$8K Seesaw as U.S. Elections Enters Final Stretch: Analyst
Day: November 4, 2024
Monetary Authority of Singapore Pushes New Measures to Advance Tokenization
“MAS has seen strong interest in asset tokenization in recent years, notably in fixed income, FX, and asset management. We are encouraged by the keen participation from financial institutions and fellow policymakers to co-create industry standards and risk management frameworks to facilitate commercial deployment of tokenized capital markets products, and scale tokenized markets on an industry wide basis,” said Leong Sing Chiong, deputy managing director (Markets and Development) of MAS. Source
Latam Insights: Salvadoran Bitcoin Visa Program Fails; Brazil Floats Tax on Stablecoin Remittances
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, a public records inquiry reveals contradictions in the reported results for ‘Adopting El Salvador,’ Brazil mulls taxing stablecoin remittances, and a Bolivian bank offers USDT services for the first time. Public Records Inquiry […] Original
Dogecoin (DOGE) Poised for a Move: Will It Start a Fresh Increase?
Dogecoin started a downside correction from the $0.180 zone against the US Dollar. DOGE tested $0.1420 and is currently recovering losses. DOGE price started a fresh decline from the $0.180 resistance level. The price is trading below the $0.1650 level and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.1580 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a fresh increase if it clears the $0.1550 and $0.1580 resistance levels. Dogecoin Price Eyes Fresh…
XRP Price Resilient Above $0.50 While Markets Turn Red
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Harris and Trump Bets Near Even Odds Ahead of U.S. Election Day as ‘Voter Fraud’ Rumors Swirl
Bets above $10,000 and $100,000 have increased over the weekend to above-average activity. Large holders of Trump and Harris’ “yes” shares are offloading their shares amid the high demand, likely taking profits from the price rise in those shares over the past few months. Source
Ethereum Price Turns Red: Is This a Temporary Dip?
Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone. Ethereum started a fresh decline from the $2,650 resistance zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it surpasses the $2,500 and $2,550 resistance levels. Ethereum Price Takes Hit Ethereum…
Bitcoin Price Eyes $70K Comeback: Will Bulls Push It Higher?
Bitcoin price is correcting losses from the $67,500 zone. BTC is recovering and might soon aim for a move above the $70,000 resistance zone. Bitcoin started a fresh decline from the $72,500 zone. The price is trading below $70,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $68,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish pace if it settles above the $70,000 resistance zone. Bitcoin Price Aims Recovery…
Transak Secures FINTRAC Registration in Canada and US Money Transmitter License in Delaware
Transak has recently obtained regulatory licenses in Canada and Delaware, solidifying its presence in North America’s cryptocurrency markets. Transak Expands Regulatory Reach in the U.S. and Canada Transak, a Miami-based Web3 payments platform, has achieved two regulatory milestones in both Canada and the United States. In Canada, Transak has registered with the Financial Transactions and […] Source CryptoX Portal
KYVE Network plummets, Undeads Games exhibit triple-digit
KYVE Network has emerged as the top gainer as per the latest data with its 340% surge in the last 24 hours. According to the latest data from CoinGecko, KYVE has shot up from a 24-hour low of $0.01307 to as high as $0.57877 but plummeted to $0.03183 at last check Sunday. Source: CoinGecko A closer look at different timeframes shows that KYVE was up by 220% in the last seven days. The price surge, and subsequent plummet, happened while the overall market was dumping. The latest data shows that…