Day: November 26, 2024

Expert Warns Of Upcoming 25% Drop, Timing And Trends Explained

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Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration…

Iran’s Digital Rial Near Launch, Central Bank Signals Progress

Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the Digital Rial Breakthrough Central Bank of Iran (CBI) Governor Mohammad Reza Farzin discussed the digital rial, Iran’s central bank digital […] Source CryptoX Portal

Video sharing platform Rumble to allocate up to $20m in Bitcoin for strategic growth

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Public video-sharing platform Rumble said Monday it plans to allocate up to $20 million in Bitcoin for its crypto treasury. Rumble, a video-sharing and cloud services provider, said in a blog announcement on Nov. 25 that its board had approved a strategy to diversify its corporate treasury by allocating up to $20 million of excess cash reserves to Bitcoin (BTC). The Florida-headquartered public company says the move is meant to accelerate Rumble’s expansion into the crypto field. The company added that its allocation strategy “will include purchases, at the discretion of…

Bitcoin ETFs Record $438m in Outflows as BTC Dips Below $93k

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Spot Bitcoin exchange-traded funds in the United States began the week with significant outflows as Bitcoin’s price fell below $93,000 amid a wave of long liquidations. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $438.38 million in outflows on Nov. 25, breaking a five-day streak of inflows. The previous week saw a record-high $3.38 billion in weekly inflows into these funds. Bitwise’s BITB led the outflows on Monday, with $280.73 million leaving the fund. Grayscale’s GBTC, Fidelity’s FBTC, and ARK and 21Shares’ ARKB reported outflows of $158.24…

Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Surge

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Este artículo también está disponible en español. Polygon (POL) hit its four-month high today following its 11% daily surge. The cryptocurrency surpassed the $0.60 mark before retracing, sparking a bullish sentiment among investors and market watchers. As a result, a renowned crypto analyst predicted a massive 2,500% rally for POL in the coming months. Related Reading Polygon On-Chain Metrics Turn Bullish Polygon has seen a remarkable performance over the past three weeks, rising around 107% since the November 5 market pump. POL, previously MATIC, has seen its price move from…

Three Reasons Why Bitcoin Risks Falling Below $90K

Bitcoin’s (BTC) much-anticipated breakout above $100,000 remains out of reach, with prices retreating to $94,500 overnight. Key indicators point to further declines, potentially to levels below $90,000. The first indicator is the 25-delta risk reversal, which measures the volatility premium of out-of-the-money calls used to bet on price rallies relative to OTM put options offering downside protection. On Deribit, calls expiring this Friday now trade at a cheaper valuation to puts, resulting in a negative risk reversal, according to data source Amberdata. The first negative reading in at least a…

Peter Schiff Claims Bitcoin Superpower Status Will Make America weaker

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Peter Schiff ignites outrage by claiming that the U.S. becoming a bitcoin superpower would weaken the nation, clashing with crypto advocates championing it as an economic game-changer. Peter Schiff Faces Crypto Uproar Over Bitcoin Superpower Weakness Assertion Economist and outspoken bitcoin critic Peter Schiff has stirred fresh controversy with his critique of President-elect Donald Trump’s […] Original

BNB Price Sets Up for a Comeback: Bulls Eye Higher Levels

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…

Justin Sun invests $30m in Trump project World Liberty Financial

Justin Sun has invested $30 million in World Liberty Financial, a decentralized finance project backed by Donald Trump. The Tron (TRX) founder Justin Sun announced his investment on Nov. 25, becoming the largest backer of World Liberty Financial. . The DeFi project, which launched its WLFI token sale in October, confirmed Sun’s contribution. In a post on X, Sun expressed his enthusiasm for the project: “We are thrilled to invest $30 million in World Liberty Financial as its largest investor. The U.S. is becoming the blockchain hub, and Bitcoin owes…

Bitcoin Rally Pauses Before $100K—Here’s What Could Happen Next

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Este artículo también está disponible en español. Bitcoin recently came close to breaking the $100,000 price mark last week, reaching a high of $99,645 before encountering resistance. According to CryptoQuant analyst Percival, the psychological barrier of round numbers like $100,000 often serves as a point where traders exit positions for “relative safety.” Since climbing from $73,000 to $99,800, Percival highlighted that Bitcoin has recorded a roughly 57% gain, ranking it among the ‘top six exit rallies from consolidation zones.’ Despite this, the CryptoQuant analyst suggests that Bitcoin may enter a…