Month: November 2024

Volatility expected as Bitcoin nears $100k: OKX CMO

boss

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’?

boss

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

Layer 1 Blockchain Tokens Surge in 2024: Mantra (OM) Leads with 7,035% Growth

Timothy Morano Nov 27, 2024 10:11 Layer 1 blockchains have seen explosive growth in 2024, with Mantra (OM) leading the charge, boasting a 7,035% increase. Explore the top performers and market dynamics. Layer 1 (L1) blockchains have witnessed remarkable growth in 2024, with some tokens experiencing unprecedented price increases. Among these, Mantra (OM) has emerged as a standout performer, boasting a 7,035% surge in value, according to CoinGecko. This extraordinary rise is partly due to Mantra’s strategic partnership with UAE-based digital bank…

Over 200% Surge Ahead, Analyst Says

boss

Este artículo también está disponible en español. Shiba Inu (SHIB) is garnering attention for its robust performance and potential for future expansion as 2024 draws to a close. SHIB has managed to captivate the interest of both investors and crypto enthusiasts, as it is currently dealing at $0.00002566. The technical signals of the memecoin show notable preparation for a big rally, which has generated expectation for notable increases in the next weeks. Related Reading Positive indicators Surface For Shiba Inu With reference to Shiba Inu on X, crypto expert Javon…

Bitcoin ETFs surge, XRP shows strength as Yeti Ouro emerges as the next viral altcoin

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Spot Bitcoin ETFs hit $3.1b in record inflows, XRP surges 32%, and Yeti Ouro emerges as the next big player in P2E gaming. Last week, U.S.-based spot Bitcoin ETFs achieved unprecedented success, registering a record $3.1 billion in weekly inflows. Meanwhile, Ripple’s XRP continues to thrive, up 32% over the past week, signaling bullish sentiment across the market. Adding to the excitement, the spotlight is turning to Yeti Ouro…

‘Memecoins Are Getting A Little Weird’: Binance Founder Advocates For ‘Real’ Blockchain Projects

Memecoins have been the top narrative of this cycle, bringing in millions of dollars in revenue to platforms like Pump.fun and generating massive profits for crypto investors. However, many consider that the frenzy around these tokens has taken a concerning turn as the cycle progressed, with figures like Changpeng Zhao urging for projects with ‘real’ utility. CZ Calls For More Real Blockchain Applications On Tuesday, Binance co-founder and former CEO Changpeng ‘CZ’ Zhao shared his thoughts on the recent evolution of the memecoins, stating that they are “getting a little…

Current Bitcoin Hashrate Can Sustain $4.9 Trillion Cap, CryptoQuant CEO Reveals

boss

Este artículo también está disponible en español. The founder and CEO of the on-chain analytics firm CryptoQuant has explained where the peak Bitcoin market cap lies based on the current hashrate. Bitcoin Ceiling Could Lie At This Level Based On Network Hashrate In a new post on X, CryptoQuant founder and CEO Ki Young Ju discussed a BTC pricing model that puts upper and lower bounds on the cryptocurrency’s price using the trend in the mining hashrate. The mining hashrate here refers to a metric that keeps track of the…

As Bitcoin Bull Loses Steam, Aussie-Yen Dips, Hinting Broad-Based Risk Aversion Ahead

Bitcoin’s (BTC) bullish momentum has hit a snag this week for several reasons, including a weaker stateside demand. Now, the Australian dollar-Japanese yen exchange rate or the AUD/JPY pair, the classic risk barometer, has turned south again, signaling caution to risk asset bulls. The Australian dollar (AUD), a commodity currency, is a proxy for global economic health, particularly for emerging markets and China. On the other hand, the Japanese yen (JPY) is seen as a safe-haven currency that investors turn to during times of stress. Thus, a decline in AUD/JPY…

Bitcoin Fund Forecasts $740,000 Price Tag By April 2028

boss

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…