Day: November 28, 2024

Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge

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Este artículo también está disponible en español. Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours. Ethereum is now eyeing a breakout above its yearly highs, which could set the stage for an even more aggressive rally. Related Reading Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the significance of Ethereum’s…

Bitcoin (BTC) Price Will Overcome $100K Despite Pullback, Targets $147K: CryptoQuant

Bitcoin’s (BTC) pullback from the $100,000 level after continuously hitting fresh new highs is only a temporary setback before eventually shooting past the barrier to even higher prices, crypto analytics firm CryptoQuant said. According to a Wednesday report shared with CryptoX, multiple blockchain data metrics suggest that the largest crypto has more room to run before topping. CryptoQuant’s custom P&L index, which combines several on-chain valuation metrics to signal whether BTC is overvalued or undervalued, shows that the asset is firmly in a bull market but far from the overvalued…

LBank Reaches 15 Million Users, Achieving New Milestone in Global Crypto Exchange

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On November 28, 2024, during the festive spirit of Thanksgiving, Eric He, LBank’s community angel officer and risk control adviser, announced on social media that LBank has officially reached 15 million registered users, and shared the thanksgiving for users’ support. Meanwhile, the LBank’s Gratitude Week is in full swing, inviting users to share their personal […] Source

Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000

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Este artículo también está disponible en español. While Bitcoin (BTC) has reached new all-time highs this month, the Ethereum price has failed to experience a significant rally, befitting its position as the second-largest cryptocurrency by market capitalization. However, a crypto analyst suggests that this bearish price action could soon end, as Ethereum (ETH) appears to be repeating its breakout pattern from the 2017 to 2018 cycle. Based on this analysis, the ETH price could be on track to hit a remarkable new price target above $20,000.  Ethereum Price Eyes New…

Binance Labs announces investment in Astherus

Binance’s venture capital and incubation arm has invested in Astherus, a decentralized finance platform aimed at maximizing real yield for digital assets. Binance Labs announced the investment in the multi-asset liquidity hub on Nov. 28. The capital will enable Astherus to accelerate product development, introduce new yield-generating products, and enhance user experience. This investment will allow the platform to expand its yield strategies and simplify DeFi interactions, providing users with access to sustainable profit opportunities. “Astherus’ approach to enhancing asset utility and real yield aligns with Binance Labs’ commitment to…

Bitcoin’s Thanksgiving Drama: 5 Years of Crashes, Comebacks, and Chaos

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Thanksgiving is a fascinating period for bitcoin (BTC), often showcasing wild price swings and headline-grabbing moments. Feast or Famine in 2024? Bitcoin’s Thanksgiving History Leaves Investors Guessing Over the last five years, bitcoin’s holiday behavior has piqued the curiosity of investors and analysts. From dramatic tumbles to meteoric climbs, Thanksgiving has consistently spotlighted the currency’s […] Original

Analysts predict 15,000% surge by 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. AI-driven CYBRO aims to outpace Polkadot and Solana, with analysts predicting a staggering 15,000% growth by 2025. A newcomer in the crypto world is set to challenge established networks like Polkadot and Solana. Analysts predict that this AI-driven token could soar by an astonishing 15,000% by 2025. This bold forecast is stirring excitement and curiosity among investors, hinting at a significant shift in the digital currency landscape. CYBRO presale…

Bitcoin Holds Above $90K – On-Chain Data Reveals Key Demand Levels

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Este artículo también está disponible en español. Bitcoin recently saw a 9% retrace from its all-time high of $99,800, narrowly missing the psychological $100K milestone. The pullback brought BTC down to a low of $90,700 on Tuesday, sparking concern among some investors. However, the price has since recovered, showing resilience as it climbs back toward key resistance levels. Despite the volatility, Bitcoin’s long-term bullish structure remains intact, with market sentiment leaning optimistic. Related Reading Top analyst Axel Adler has provided key on-chain insights that suggest that the strong demand for…

Bitcoin ETFs Reel in $103M in a Day, Pushing Cumulative Inflows to $30.38B

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The 12 spot bitcoin exchange-traded funds (ETFs) had a standout Wednesday, capitalizing on BTC’s latest price climb. Collectively, these funds attracted $103.09 million in inflows, pushing their cumulative net inflows since Jan. 11 to an impressive $30.38 billion. Bitcoin and Ethereum ETFs See Combined $193M Inflows on Wednesday Leading the charge, Bitwise’s BITB pulled in […] Original

Why Costa Rica Is Taking a Hands-Off Approach to Regulating Crypto

Costa Rica doesn’t have any formal crypto laws. But its government and institutions are quietly letting the sector flourish. That’s according to Jorge Eduardo Dengo Rosabal, a former deputy of Costa Rica’s Legislative Assembly who participated in the drafting of a proposed — and rejected — crypto regulation bill for the Latin American nation back in 2022. “The best way to define the situation is that the government is carefully watching what is going on in the crypto world, but hasn’t gotten its hands fully into regulation yet, although there…