Day: December 4, 2024

BNB Price Surge: Upbeat Momentum Builds After $724 Breakout

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BNB has taken the spotlight with a powerful surge, breaking past the critical $724 resistance level and signaling the potential for more growth. This breakout has ignited bullish momentum, sparking speculation that the token could be gearing up for uncharted territory. With strong market sentiment and increasing trading activity, BNB appears poised to extend its rally, leaving many wondering how high it can climb in the days ahead. This article aims to explore BNB’s recent breakout above the $724 level, delving into the key drivers behind its bullish strength. it…

KULR Technology plans to allocate 90% of surplus cash to Bitcoin

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KULR Technology Group announced plans to allocate up to 90% of its cash surplus, including $12 million currently on hand, to Bitcoin. This decision aligns the company with a growing trend of businesses using Bitcoin as a treasury asset. The company’s leadership explained that the move enhances financial resilience. KULR’s Bitcoin purchases will be influenced by market conditions and the company’s cash flow needs. This flexibility allows the company to adjust its approach as circumstances change.  “With over $12 million cash on the balance sheet today and with any future…

Nuvei launches blockchain payment solution for LATAM

Canadian fintech company Nuvei has unveiled a new blockchain solution targeting merchants across Latin America. In an announcement on Dec. 4, Nuvei revealed it would be partnering with several companies to bring this solution to the region. The partners include Rain, a Coinbase Ventures and Circle Ventures-backed vertically integrated issuing partner, BitGo, a crypto custody and wallet provider, and global payments giant Visa. Nuvei leverages the various solutions available via these platforms to make it easy for businesses to use stablecoins as a payment option. The supported stablecoins include USDC…

Ethereum Price Is About To Confirm A Golden Cross On The Daily Time Frame, Here’s What Happened Last Time

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Este artículo también está disponible en español. Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened.  Ethereum Price To Confirm Golden Cross, What Next? In an X post, crypto analyst Tony Severino mentioned that the Ethereum price is heading to a golden cross this week. This golden cross occurs when a short-term moving average (MA), like the 50-day MA, crosses a…

$1.87B Bitcoin Withdrawals From Coinbase In 24H – What This Means To Price

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Este artículo también está disponible en español. Bitcoin has been consolidating below the $100,000 level for twelve consecutive days, marking a pause in its recent historic rally. The aggressive surge since November 5 appears to be cooling off, with market attention gradually shifting toward altcoins. Despite the slowdown, Bitcoin remains a cornerstone of market strength, holding firmly above the critical $90,000 support level. Related Reading Key data from CryptoQuant highlights two significant outflows exceeding 8,000 BTC each from Coinbase in the past 24 hours, signaling sustained institutional interest and potential…

Pancakeswap Launches Springboard: CAKE Token Surges 30%

Pancakeswap’s Springboard provides an all-in-one platform for creating and launching tokens on the BNB Chain. Springboard for Tokens on BNB Chain Pancakeswap, a decentralized exchange (DEX) on the BNB Chain has launched Pancakeswap Springboard, a single platform that eliminates the need for coding and enables developers, creators, and projects to quickly deploy their project’s tokens. […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Vladimir Putin: Bitcoin can’t be stopped

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Russian President Vladimir Putin reiterated support for Bitcoin and digital assets as the European powerhouse approached greater crypto adoption. “Nobody can stop Bitcoin” (BTC), Russia’s President Vladimir Putin said at the World Trade Center in Moscow on Wednesday, Dec. 4, according to Bloomberg and local news agency TASS. President Putin also stated that BTC and digital assets will continue to develop in several countries, including Russia. He added that Russia has advanced the development of digital payment systems to support industries and lower business costs. Russia’s approach to cryptocurrencies has…

Will It Break $2.9? Key Support Levels And Future Targets

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Este artículo también está disponible en español. XRP, the third-largest cryptocurrency by market capitalization, has recently outperformed the top ten cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This significant momentum comes as investor sentiment grows in anticipation of clearer regulatory frameworks in the United States, especially following Donald Trump’s election.  In addition, Securities and Exchange Commission (SEC) Chairman Gary Gensler recently announced his departure effective January 20, which many believe could pave the way for increased adoption and institutional investment in XRP. This could be achieved through the XRP exchange-traded…

Net Inflows Into U.S Spot Listed ETFs are Primarily Naked Longs: Van Straten

The bitcoin market is seeing unusual activity, hinting at increased adoption of the U.S.-listed spot ETFs for purely directional plays rather than arbitrage strategies. Since Nov. 20, the ETFs have seen strong daily uptake — other than Nov. 25 and 26 — capturing over $3 billion in net inflows, according to data source Farside Investors. On Tuesday, BlackRock’s IBIT registered a $693.3 million net inflow, the most since in the period, bringing the lifetime tally to $32. 8 billion. Meanwhile, open interest in CME futures has declined by almost 30,000…

If Dogecoin Mirrors Last Cycle, Surge To $4 Begins At Week’s End

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Este artículo también está disponible en español. After a staggering rally exceeding 200% in the first two weeks of November, Dogecoin (DOGE) has entered a consolidation phase. Crypto analyst Kevin (@Kev_Capital_TA) suggests this could be the calm before the storm, hinting at a potential surge similar to a previous market cycle. Is Dogecoin Heading Towards $4? Kevin notes that in Dogecoin’s last cycle, the memecoin consolidated for 24 days after its first massive rally before ascending again to what he describes as the “macro golden pocket”—a price range between $3.80…