Day: November 23, 2024

Stellar, Dogecoin, Cardano rally as Bitcoin approaches $100k

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The global cryptocurrency market increased by 11.5% this week, reaching a record high of $3.49 trillion and adding $358 billion in valuation. Bitcoin (BTC) surged over 8% during this period as buyers attempted to breach the $100,000 psychological resistance, and the hype spilled over into the broader altcoin market. Some standout performers this week included Stellar (XLM), Dogecoin (DOGE), and Cardano (ADA). Stellar rallies over 190% Stellar surged over 190% in the last seven days, exchanging hands at $0.4436, its 40-month high as demand surged, making it the best-performing asset…

NFT sales drop 9.6% to $160.9m, Ethereum and Bitcoin network sales plunge

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As Bitcoin surges toward the $100,000 mark, touching a new all-time high of $99,655.50, the non-fungible token (NFT) sales volume has shown a drop of 9.6% to $160.9 million. The global cryptocurrency market capitalization has continued to surge, reaching $3.35 trillion from last week’s $3.03 trillion. This marks a 2% increase over the last day, with Bitcoin (BTC) currently trading at $98,620. The last week’s NFT sales volume stood at $178.8 million. However, according to recent data from CryptoSlam, the NFT market has seen a pullback. NFT sales volume decreased…

Cardano Hits 2-Year High Of $0.97, Analyst Bullish On $1 Target For The Weekend

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Cardano (ADA) has had one of the best performances over the last three weeks, surging over 200% toward a 2.5-year high. Today, the cryptocurrency rose over 20% to break above the $0.90 mark, fueling a bullish sentiment for the long-awaited $1 target. Cardano Makes New Year-High Above $0.90 On Friday, Cardano broke past the $0.81 resistance and skyrocketed toward the $0.90 mark, making a new year-high of $0.97. This performance represents a 22% surge in the last 24 hours, driving the token to its highest price since late April 2022.…

Bitcoin ETFs hit $3.38b weekly inflows, VanEck eyes $180k

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Demand for spot Bitcoin exchange-traded funds soared to its highest levels since launch, with a whopping $3.38 billion flowing in this week, and experts foresee even greater momentum once BTC surpasses $100,000. With five straight days of positive inflows, catalyzed by hopes of an increasingly friendly regulatory environment under President-elect Donald Trump, the total net asset value of Bitcoin Spot ETFs reached $107.488 billion for the first time. The most inflows for the week were recorded on Nov. 21, drawing $1 billion, which coincided with anti-crypto SEC Chair Gary Gensler…

Venture Capitalist Cites Funding, Talent for Web3 Development Surge in Emerging Markets

A venture capitalist says emerging markets, particularly India, are becoming hubs for Web3 development due to attractive funding, talent, and ecosystems. India: Go-to Place for Recruiting Web3 Companies According to Tak Lee, CEO of Hashed Emergent, the declining share of Web3 development activity in North America and Europe is being offset by a surge in […] Source CryptoX Portal

Dogecoin Price Chart Flashes Clean Bull Flag At $0.38, Here’s The Next Target

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Este artículo también está disponible en español. The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price has mostly traded below $0.4 in the past seven days on the back of a continued price consolidation. At the time of writing, Dogecoin is trading at $0.39, sitting firmly within the consolidation phase of this bull flag pattern. KrissPax Identifies Key Target For Dogecoin Price This development of a bull flag pattern was highlighted on the…

FOMO might be your portfolio’s worst enemy

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Fear of missing out, or FOMO, manifests in various ways. For some, it prompts them to purchase Taylor Swift concert tickets for over $32,000 to avoid missing an unforgettable experience or the chance to be part of a cultural event. This sense of urgency can lead people to make impulsive decisions driven by the anxiety of not being included in the excitement and hype surrounding an event.…

Technologist: Decentralized Data Crowdsourcing Is Key to Countering Big Tech’s Dominance

A tech CEO proposes “democratizing” AI by using decentralized data crowdsourcing. Decentralized Data Crowdsourcing: A Path to Bias-Free AI Technologist and CEO of Synesis One, Isaac Bang, warns against the “extremely dangerous” scenario of a few tech giants hoarding data and leading the artificial intelligence (AI) race. He argues for the “democratization” of AI power, […] Source CryptoX Portal

Could This Spark A Move Beyond $100,000?

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Este artículo también está disponible en español. Cboe, the derivatives exchange for digital assets and securities trading, is set to make a big addition to the crypto landscape by launching the first cash-settled index options linked to Bitcoin’s (BTC) spot price movements. Scheduled to debut on December 2, these options will be based on the Cboe Bitcoin ETF Index, which tracks a selection of US-listed spot Bitcoin exchange-traded funds.  What This Means For Traders The introduction of these options follows closely on the heels of Nasdaq’s recent listing of spot…