Day: November 10, 2024

Bitcoin Closing In On $80,000 For Record-Breaking Run

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Este artículo también está disponible en español. Bitcoin continues to excite the market, finally breaking the $79k level for the first time, Sunday — and nearing the vaunted $80k level, courtesy of many positive factors, one of which is the US election win of Donald Trump. The cryptocurrency market is having a moment, driven by the results of the US elections and the surge of inflows to Bitcoin ETFs. As Bitcoin rewrites its bullish price narratives, many market watchers and analysts share their opinions and outlook. Bitcoin’s breach of the…

Solana (SOL) Price Hits Cycle High, Joins $100B Market Cap Club in Broad Crypto Rally

Solana achieved a remarkable comeback after the collapse of Sam Bankman-Fried’s FTX and Alameda Research in 2022, which was a key backer of the budding smart contract platform. The chain emerged as the go-to ecosystem for retail crypto users and a hotbed of this cycle’s memecoin craze, hosting for example the popular pump.fun protocol. Resurging decentralized finance (DeFi) activity also benefitted the network, making Solana’s on-chain trading ecosystem the third-most-profitable sector in crypto, a recent Coinbase report noted. The solana token was a standout among altcoins over the past year’s…

$1,400 On The Horizon? Solana Breach Of $200 Excites Analysts

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Este artículo también está disponible en español. Solana, the leading Layer 1 blockchain platform, has at last overcome the critical $200 barrier, giving investors new hope. This milestone feeds expectations of more price increases and marks a turning point following a period of consolidation. Some optimistic market onlookers are viewing this price action as a sort of launching pad for long-term bullish trends. If the price breaks above the $200 level, Rekt Capital pointed out, the months-long downtrend of Solana might finally be over. Additionally, he said, for SOL’s advance…

Here’s how Bitcoin reserves have changed since FTX collapse

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November marks two years since the FTX exchange went bankrupt. Since then, major crypto exchanges have seen their Bitcoin reserves grow. FTX’s inability to maintain sufficient reserves to meet user requests exposed severe flaws in its controls. It also highlighted the need for greater transparency and reliable reserve reporting among all crypto exchanges. Observers have grown keenly aware of the risks that exchanges face when they lack sufficient reserves. If they cannot meet withdrawal requests, it undermines user confidence and puts them at risk of losing funds. Maintaining adequate reserves…

Dogecoin Price Hits New 2024 High

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Este artículo también está disponible en español. The Dogecoin price action since the beginning of the week has been nothing short of impressive. Notably, the price of Dogecoin has doubled in the past 30 days, with price data highlighting a 115% increase within this time frame.  This impressive Dogecoin price rally has seen the meme coin break above $0.22 for the first time since April 1, which is more than seven months ago. Interestingly, this break means the memecoin price is now trading at its highest point so far in…

Trump Declared 47th US President, JPMorgan CEO Claims World War III Has Begun, and More — Week in Review

Trump declared 47th US president, JPMorgan CEO claims World War III has begun, Global Dollar Network launches, and more in this Week in Review. Week in Review Donald Trump has been declared the 47th U.S. president. JPMorgan CEO Jamie Dimon warns that World War III may have started, citing unprecedented global risks. In fintech, a […] Source CryptoX Portal

Avalanche Nears Breakout – Top Analyst Sets $420 Target For AVAX This Cycle

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Este artículo también está disponible en español. Avalanche (AVAX) has surged over 40%, reaching a critical supply level that, if broken, could trigger a substantial rally. The recent surge has captured the attention of traders and investors who recognize the potential of Layer-1 blockchains as AVAX positions itself as a leading contender in the space.  Related Reading Among those following this development closely is top analyst and investor Kaleo, who recently shared a technical analysis with a bullish price target of $420 for AVAX. Kaleo’s optimistic outlook aligns with broader…