Day: November 23, 2024

Altcoins Continue To Surge Following Trump’s Victory – More Gains Ahead?

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The crypto market has been on an uptrend following the US elections in early November. In particular, the altcoins have responded quite positively to the election of pro-crypto candidate Donald Trump as the next US President. XRP, ADA, TON, Others Stand Out Amidst Bullish Altcoins Performance In its weekly report on November 22, blockchain analytics firm CryptoQuant reported that several altcoins have experienced large price spikes after the US Presidential election on November 5. The analytics firm reports that daily spot trading volume in the altcoin market reached $18 billion on…

Meme Coin Showdown: Token Mill vs. Pump.fun in the Battle for Meme Coin Supremacy

While Pump.fun shattered records and set the standard for meme coin creation, it has glaring flaws. Token Mill aims to fix these problems, and add additional functionality. This piece is a guest post by Blocmates. Blocmates is an invaluable crypto news and educational resource that offers clarity in the often complicated and jargon-filled crypto space. […] Source CryptoX Portal

Blockchain Association Tables 5-Point Crypto Agenda For Trump’s Administration

Crypto advocacy group Blockchain Association has reached out to US President-elect Donald Trump and the newly elected US Congress on ways to create a favorable regulatory environment for the digital asset industry. Trump’s Ideal Crypto Priorities For First 100 Days: Blockchain Association Generally, Trump’s electoral manifesto included strong support for the crypto space by creating a National Bitcoin Reserve, promoting Bitcoin mining, etc. However, the Blockchain Association, which consists of 100 member organizations, has outlined five steps for the incoming administration to provide immediate support for the nascent industry.  The…

Chainlink Rockets 20%: Whale Activity Sparks Break From Bear Trend

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Chainlink (LINK) is experiencing significant growth in the cryptocurrency sector, with a 20% increase in value in just one week and a potential change in its long-term trajectory. For months, the cryptocurrency has been on a downward trajectory; however, it is currently exhibiting significant signs of recovery. The next significant level for LINK is $17, and investors and experts are closely monitoring the stock. Chainlink has begun to draw the attention of both institutional and retail investors after breaking out of a falling channel and passing key exponential moving averages.…

Senator Lummis wants to replenish Bitcoin reserves with gold

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Republican Senator Cynthia Lummis says converting gold reserves into Bitcoin could strengthen the U.S. government’s finances. In an interview with CNBC, Lummis suggested that the Federal Reserve sell some of its gold reserves, which were valued at 1970s prices, and use the proceeds to buy Bitcoin (BTC). See the clip below. Lummis, known for her bullish support of cryptocurrency, believes that creating a strategic Bitcoin reserve could strengthen the dollar’s position as the world’s reserve currency and reduce the country’s debt burden. She also suggested that Bitcoin, which is edging…

Ethereum Shorts Hit Record High as Market Leverage Soars

Leveraged short positions in ethereum (ETH) have climbed to unprecedented highs, signaling a bearish tilt in market sentiment as traders brace for intensified volatility. Ethereum Bears Bet Big as Futures Market Records Peak Short Open interest in ethereum futures has surpassed $20 billion, setting a new record and highlighting heightened speculative activity. This upswing in […] Source CryptoX Portal

XRP To Hit $40 In 3 Months But On This Condition – Analyst

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XRP remains one of the crypto market’s current trailblazers rising by 23.21% in the past 24 hours. Over the last two weeks, the prominent altcoin has recorded a 154% price gain establishing itself as the sixth-largest cryptocurrency with a market cap of $89.82 billion. With this current momentum and the crypto bull season still in its early stages, analysts remain highly bullish on XRP’s potential to reach lofty price levels. Can XRP Repeat 2017 Historical Price Movement? In an X post on November 22, an analyst with the username CryptoBull…

Cipher Mining: Will It Be Another Standout Bitcoin Miner This Cycle?

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Dive into Cipher Mining’s Q3 2024 performance. From revenue challenges to strategic investment in fleet upgrades, data center expansion and plans for AI/HPC. Discover what’s next for this Bitcoin miner! The following guest post comes from Bitcoinminingstock.io, providing comprehensive data, in-depth research, and analyses on Bitcoin mining stocks. Originally published on Nov. 21, 2024, it […] Original

Bitcoin Funding Rates Surge 20% On Major Exchanges — What’s Happening?

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The price of Bitcoin picked up this week from where it left off in the previous week, forging successive all-time highs in the past seven-day span. Over the last few days, the big question on everyone’s mind has been — when will the premier cryptocurrency surpass the $100,000 level? While most investors are worried about a short-term target, some market participants are more concerned about the long-term prospects of the world’s largest cryptocurrency. According to the latest on-chain data, it appears that the price of Bitcoin could see a shakeout…

$100K Is a Hairsbreadth Away

Bitcoin races toward $100K, but meme coins still found a way to shine. This editorial is from last week’s edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it’s finished. Last Week Bitcoin Hit $90K as Trump, Musk, and Meme Coins Shook up the Market Bitcoin […] Source CryptoX Portal