Day: November 9, 2024

Can The Donald Trump Win Drive The Bitcoin Price To $170,000 This Cycle?

boss

Este artículo también está disponible en español. The victory of Donald Trump in the US presidential election has been confirmed, leaving cryptocurrency investors speculating about the impact on Bitcoin’s price trajectory in the next four years. Interestingly, the market has already been given a taste of the possible effects. Related Reading In fact, the mere news of Trump’s win has pushed the Bitcoin price into uncharted territory. Since the announcement, Bitcoin has surged, reaching a recent peak of $77,239. According to a crypto analyst, the Bitcoin price has always rallied…

‘Ross Is Coming Home’: Ulbricht’s Family Rejoices as Trump Plans to Fulfill Commutation Pledge

With Donald Trump now set to become the 47th U.S. president, Ross Ulbricht’s family took to social media on Nov. 7 to share a long-awaited update: “Ross will be coming home in January.” Throughout the 2024 election, Trump pledged to grant Ulbricht’s sentence commutation, promising his release on “day one.” After 11 Years in Prison, […] Source CryptoX Portal

Wrapped in Chains: Bitcoin’s Centralization Trap

boss

This Op-Ed explores if there is a way out of the centralization cycle for wrapped Bitcoin. TLDR: The Greeks wrote about Sisyphus, eternally pushing his boulder uphill, only for it to roll back down. In crypto, we keep pushing Bitcoin toward decentralization, only to watch wrapped versions roll back into centralized hands. Is this our […] Original

Bitcoin MVRV Hints At $85,000 Price Target On This Condition

boss

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Report: Crypto Traders Lean Toward Leveraged Long Positions After Trump Victory

A report indicates that post-U.S. elections, traders are favoring leveraged long positions in perpetuals and futures contracts. Trump’s Victory Brings Stability to Markets According to a new report by Bybit and Block Scholes, market trends in the period immediately after the U.S. elections suggest traders are leaning strongly toward leveraged long positions, especially in perpetuals […] Source CryptoX Portal

Chainlink Hits $13.5 For The First Time Since July – Smart Money Accumulation?

boss

Este artículo también está disponible en español. Chainlink (LINK) has surged impressively over the past few days, breaking above the critical $13 resistance level and posting a remarkable 35% gain. This recent breakout has ignited optimism among analysts and investors, as LINK has faced strong resistance around the $13 mark since late July, struggling to sustain any upward momentum. Now, however, market sentiment appears to be shifting, with many anticipating further upside for Chainlink. Related Reading Supporting this bullish outlook, key data from on-chain analytics firm Santiment reveals that LINK…

Trump Bump or Trump Dump?

As the U.S. election loomed, speculation on whether a Trump victory would actually be bad for markets percolated. Now with Trump victorious and markets ripping, it’s clear it was a Trump bump. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the […] Source CryptoX Portal

Investors Scoop $4.16 Billion In Four Days

boss

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

If Trump Eliminates 5 Federal Agencies, It Could Revitalize the US Economy

In the wake of his sweeping 2024 election victory, people believe Donald Trump has the chance to reshape the American economy by slashing inefficient government departments, a move that could spark economic prosperity and return power to local communities. Charting a New Course: Trump’s Chance to ‘Restore America’ by Trimming the Federal Government Following his […] Source CryptoX Portal