Day: November 27, 2024

XRP Consolidates Below Crucial Resistance – Analyst Sets $1.60 Target

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Este artículo también está disponible en español. XRP is currently consolidating after a sharp 20% retrace from its recent local high of $1.63, set last Saturday. Despite the pullback, XRP remains a strong contender in the market as it holds firm above critical demand levels, showcasing resilience amid broader market volatility. As Bitcoin flirts with the psychological $100,000 mark, XRP’s price structure continues to signal bullish potential, drawing attention from traders and investors alike. Related Reading Crypto analyst and investor Carl Runefelt shared a technical analysis on X, suggesting that…

Bitcoin price dips but this new crypto ICO is raising millions

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin retraces to $93K after nearing $100K resistance, while Pepe Unchained’s ICO surpasses $54M amid strong investor backing. Bitcoin is retracing after finding strong resistance just below $100K. It’s now trading around $93,000. However, despite BTC’s dip, some altcoins are continuing to show strong growth.  One such coin is Pepe Unchained, which has now raised over $54 million in its ICO as investors continue to back the new meme…

Bitcoin Holds Strong Above $93K as Ethereum Surges Ahead, Reports QCP Capital

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Bitcoin has stabilized above $93,000 while ethereum gains momentum and Wall Street rallies on positive policy signals, according to QCP Capital’s latest market update. Bitcoin Stabilizes, Ethereum Soars: QCP Tracks Market’s Mixed Signals QCP Capital reports that bitcoin (BTC) has found stability above $93,000 as the holiday season approaches. This comes despite a recent dip […] Original

$605 Support Sets The Stage For A New Rally

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Este artículo también está disponible en español. BNB has found its footing at the $605 support level, sparking optimism for a potential recovery. Following recent bearish pressure, the bulls appear to be regrouping, aiming to regain control and push the price higher. With key technical indicators signalling renewed buying interest, market participants are closely watching whether this support will serve as the launchpad for BNB’s next rally. As BNB shows encouraging signs of revival, this article aims to delve into its rebound from the $605 support level and evaluate its…

Judges Panel Reverses Treasury Ruling: Tornado Cash Back in Legal Spotlight

The U.S. Court of Appeals for the Fifth Circuit has overturned a lower court’s decision upholding sanctions against Tornado Cash, a decentralized cryptocurrency mixer. This decision reignites debate over privacy and regulatory limits in the cryptocurrency sector. Treasury’s Authority Challenged: Appeals Court Stirs Tornado Cash Controversy In 2022, under the U.S. Treasury Department, the Office […] Source CryptoX Portal

Altcoins should stop relying on Bitcoin’s surge, CryptoQuant CEO says

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With Bitcoin’s future growth driven by institutional investments and ETFs, the CryptoQuant head advises altcoins to create unique approaches to draw fresh capital. Altcoins may need to rethink their reliance on Bitcoin’s (BTC) momentum and focus on drawing fresh capital through independent strategies, CryptoQuant CEO Ki Young Ju says. In an X post on Nov. 27, Ju highlighted that the dynamics of capital flowing into Bitcoin have changed, with institutional investors and spot ETFs now driving the current rally. Why is altcoin season delayed? Compared to the last cycle, the…

Merlin: A Promising Player in the Bitcoin-Native Ecosystem

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PRESS RELEASE. As Bitcoin continues to dominate the crypto market, nearing $100,000 per BTC and a total market capitalization approaching $2 trillion, the broader crypto landscape is undergoing a significant transformation. Amidst this growth, Merlin is emerging as a standout project within the Bitcoin-native ecosystem. With 80% of Bitcoin-native asset holders now engaging with Merlin, […] Original

Volatility expected as Bitcoin nears $100k: OKX CMO

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Haider Rafique, Global Chief Marketing Officer at OKX, has warned of heightened volatility as Bitcoin approaches the $100,000 mark. Bitcoin (BTC) rallied close to the $100,000 mark last week but fell short of breaking this psychological resistance level and had succeeded to $93,428 at press time. In a statement to crypto.news, Rafique explained that the pullback was triggered by “profit-taking” among Bitcoin holders. According to the OKX exec, many long-term holders who accumulated Bitcoin around the $30,000 level are now realizing returns of two to three times their initial investment…

Will Bitcoin See Another ‘Thanksgiving Day Massacre’?

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Este artículo también está disponible en español. Almost four years ago to the day, Bitcoin experienced a dramatic 17% plunge from $19,500 to $16,200 in 2020, an event that became infamously known as the “Thanksgiving Day Massacre.” As the holiday approaches once again, market participants are questioning whether history might repeat itself. On Monday and Tuesday, Bitcoin’s price underwent an 8% correction, dropping from $98,871 to a low of $90,791. This sudden downturn has sparked discussions among analysts if history could be repeating for the BTC price. Bitcoin ‘Thanksgiving Day…

Justin Sun Joins Trump-Backed Crypto Project as Advisor After $30 Million Investment

Justin Sun deepens his involvement with World Liberty Financial by joining its advisory board after a strategic $30 million investment. World Financial Liberty Gets New Advisor Justin Sun, the founder of the Tron blockchain and a prominent figure in the cryptocurrency industry, has officially joined World Liberty Financial (WLFI) as an advisor. This was announced […] Source CryptoX Portal