Day: December 5, 2024

Don’t Fade Dogecoin! – Analyst Says DOGE Is About To Rally

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Este artículo también está disponible en español. Dogecoin is on the verge of breaking out from a 23-day consolidation range, setting its sights on new local highs. The meme coin has held steady within this range, but market momentum suggests it could soon surge higher. Analyst Crow has shared an optimistic technical analysis and told his followers not to fade DOGE as it’s about to run. This statement highlights the growing anticipation around Dogecoin’s price action, fueled by the broader crypto market rally. Related Reading Bitcoin’s recent breakout to a…

These are the stocks with the highest correlation to bitcoin as the digital currency tops $100,000

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With bitcoin notching fresh highs, some closely correlated stocks look poised to gain — or suffer — depending on where the digital currency goes from here. Bitcoin crossed above the $100,000 mark for the first time late Wednesday, building on the rally that kicked off in the wake of President-elect Donald’s Trumps victory, which boosted hopes for more favorable cryptocurrency policy. The cryptocurrency was last up about 2% at $101,201. BTC.CM= 1D mountain Bitcoin tops $100,000 mark Trump on Wednesday also announced plans to nominate Paul Atkins to succeed Gary…

Hashnote integrates Core to unlock enhanced Bitcoin yield

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On-chain asset manager Hashnote is aiming to capitalize on the potential $47 billion Bitcoin bridging market through a strategic integration with Core, a proof-of-stake layer for Bitcoin. Core is an end-to-end PoS layer for Bitcoin (BTC) that enables non-custodial BTC staking. The platform, whose mainnet went live in January 2023, supports an Ethereum Virtual Machine-compatible Bitcoin finance ecosystem, or BTCfi. According to a press release shared with crypto.news, Hashnote will utilize Core’s technology to provide users access to Bitcoin yield without exposing them to additional credit or custody risks. “This…

Court Filing: Bitcoin Advocate Roger Ver Argues Government Overreach in Tax Case, Seeks Dismissal 

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Roger Ver, a prominent figure in the cryptocurrency world known as “Bitcoin Jesus,” has filed a motion to dismiss an eight-count U.S. tax indictment, claiming unconstitutional government overreach and misuse of evidence. Roger Ver Seeks Dismissal of U.S. Tax Indictment Roger Ver, 45, was arrested earlier this year in Barcelona following an indictment alleging that […] Original

Ethereum Breaks Barriers, Targets $6K Amid Record ETF Activity

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Este artículo también está disponible en español. The increasing prominence of Ethereum is once again in the spotlight, as recent data indicates a substantial inflow of funds into Ether-based ETFs. These products have experienced a remarkable $133 million in net inflows over the course of seven days, indicating a significant increase in institutional interest and investor confidence. Related Reading Ethereum isn’t just optimistic about exchange-traded funds (ETFs). Analysts are making big price predictions for the cryptocurrency right now. This is because its network is being used more and more in…

Sovereign ‘gold rush’ for Bitcoin imminent: Expert

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U.S. Bitcoin adoption will ignite a global race to secure portions of the asset’s 21 million supply, Hex Trust CEO Alessio Quaglini stated amid market euphoria. Quaglini said during a CNBC interview that Bitcoin’s (BTC) surge past the $100,000 psychological barrier marked the beginning of its institutional phase, following earlier technological advancements and the retail boom after exchanges became established. He predicted that mass sovereign demand for BTC would drive the cryptocurrency to even greater heights. Quaglini foresees fierce competition among the world’s 195 countries once Bitcoin gains widespread acceptance…

Worksport adopts Bitcoin and XRP for corporate treasury

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Worksport, a U.S.-based provider of pickup truck solutions, is adding cyptocurency to its corporate treasury strategy. The Nasdaq-listed company announced on Dec. 5 that it would be adding Bitcoin (BTC) and XRP (XRP) to its treasury assets. This follows a resolution by the company’s board of directors, which approved an initial purchase of $5 million worth of BTC and XRP. Worksport is committing 10% of its excess operational cash to this corporate pivot, it said in the announcement. “Our upcoming adoption of Bitcoin (BTC) and XRP (Ripple) reflects our commitment…

Analyst Gives Reasons Why Price Is Headed For $3.2

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Este artículo también está disponible en español. The XRP price has witnessed a significant correction after rallying to as high as $2.9 this week. This has raised speculations about whether the recent rally is over, but crypto analysts MadWhale has indicated that XRP still has more room to move to the upside.  Analyst Explains Why XRP Price Is Headed For $3.2 In a TradingView post, MadWhale explained why the XRP price is headed for $3.2. The analyst noted XRP’s significant trading volume and the stock’s prolonged underperformance compared to other…

BNB price is beating Ethereum and Bitcoin; CZ responds

Binance Coin continued its strong performance this week, reaching an all-time high of $794.  Binance Coin (BNB) has done better than some large coins like Ethereum (ETH) and Bitcoin (BTC) over the last 12 months. It has gained 220%, compared to BTC’s 133% and ETH’s 71% rise in the same period. In response to an X post highlighting this performance, Changpeng Zhao noted that investors often focus on 24-hour performance, missing the broader long-term gains. People only care about performance in the last 24 hours, scratch that, 8 hours. 😂…