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Day: November 29, 2024
Exploring The 27% Plummet And Key Financial Metrics
Este artículo también está disponible en español. A recent report from research firm Messari provided an overview of the NEAR (NEAR) protocol’s performance during the turbulent third quarter (Q3) of 2024, when the broader cryptocurrency market experienced significant volatility. NEAR Protocol Q3 Performance Throughout Q2 2024, the crypto market saw a downturn that continued into Q3 for NEAR. The protocol’s circulating market cap fell to approximately $5.16 billion, reflecting a significant quarter-over-quarter (QoQ) decrease of about 27.52%. NEAR’s token price also retraced slightly, closing the quarter at around $5.29, a…
Bitcoin ETFs near record $6.2b inflow in US as BTC eyes $100k
A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.2 billion in inflows so far in November, bolstered by Bitcoin’s surge toward $100,000 and President-elect Donald Trump’s crypto-friendly agenda, Bloomberg reports. The inflows coming to such ETFs issuers as BlackRock and Fidelity, are set to surpass the previous record of $6 billion achieved in February, the report reads, noting that Bitcoin is nearing…
Bitcoin Could Drop Below $90,000 If It Doesn’t Break This Level
Este artículo también está disponible en español. Bitcoin (BTC) has been consolidating above the $90,000 support zone for the last ten days, reaching its latest all-time high (ATH) of $99,645 about a week ago. Since then, the cryptocurrency has closed below a short-term downtrend line, failing to break above it and potentially risking a drop to two-week lows. Related Reading Bitcoin Faces ‘Moment Of Truth’ Bitcoin is having one of the best months in the cryptocurrency’s recent history, jumping over 47% from its monthly opening to its latest ATH. Since…
Bitwise CIO: ‘Value’ Buyers Set to Diminish Bitcoin Violent Pullbacks
Matt Hougan, CIO of Bitwise, the largest crypto asset management fund in the U.S., predicted that the volatility of bitcoin prices will be reduced due to the entrance of new “value” players to the market. Bitwise CIO: ‘Value’ Buyers to Bring More Stability to Bitcoin Matt Hougan, CIO of Bitwinse, a firm that provides crypto-based […] Original
LaFinteca and UTORG Announce Strategic Partnership to Expand Cryptocurrency Payment Solutions in Latin America and Europe
PRESS RELEASE. LaFinteca, a leading financial services company in Latin America, today announced a strategic partnership with UTORG, a top provider of cryptocurrency solutions in Europe. This collaboration aims to integrate UTORG’s advanced technologies into LaFinteca’s operations, enhancing its digital payment solutions and establishing UTORG as LaFinteca’s main partner in Europe. With the growing demand […] Source
Bitcoin Is Up 36% in November as It Approaches $100,000
Nov. 30, is the last trading day of the month, so all eyes will be on bitcoin’s (BTC) monthly candle. Bitcoin is less than 4% away from the psychological wall of $100,000. While the $9 billion worth of options expiry for bitcoin has just expired, which has sent the token slightly higher on the day to over $96,000. CoinGlass data shows that November has been one of the strongest months for bitcoin for several years, currently up over 36%, which would be the fourth best performing month since October 2021.…
Trump’s pro-crypto leadership could fuel ‘defi renaissance’ in US, analysts say
As Trump’s crypto-positive cabinet takes shape, the U.S. might be on track for a potential revolution in the decentralized finance space, analysts at Matrixport anticipate. Donald Trump‘s prospective nominees for the U.S. Treasury, Commerce, and potentially the Securities and Exchange Commission are viewed as crypto-friendly leaders who, if appointed, could transform financial policy and align the country more closely with the rapidly evolving crypto sector, according to analysts at Matrixport. In a recent analytical report, the analysts expressed a belief that the narrative of 2024 — Bitcoin (BTC) as digital…
Ethereum Breaks Resistance Levels, Analyst Predicts Room For More Growth
Este artículo también está disponible en español. Ethereum is finally seeing a notable rebound in its price as the second-largest cryptocurrency by market capitalization, which continues to break through significant resistance levels. Following its upward trajectory, seeing a nearly 10% increase in the past week, discussions about Ethereum potentially reaching a new all-time high by the year’s end have gained momentum. Notably, aligning with the ongoing ETH rally is renewed interest in Ethereum futures, with market metrics pointing to a bullish sentiment among traders. Related Reading More Room For Growth? A CryptoQuant analyst known…
AI predicts this Ethereum-based altcoin to follow explosive SUI, XRP pump
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Lunex Network emerges as a decentralized exchange contender, poised to rival Ripple and Sui with smart features and explosive growth potential. The rundown of Lunex Network’s capabilities has been fed into AI and the artificial intellect has spoken. With its vast array of features and trader perks, Lunex Network could mimic the rallies that Sui (SUI) and Ripple (XRP) have experienced over the past month. Let’s dive deeper into…