BRICS nations brace for a global economic standoff as U.S. tariff threats spark concerns about trade retaliation and geopolitical tensions, reshaping international alliances. BRICS Retaliation Inevitable: Expert Predicts Clash Over US Tariffs BRICS countries are expected to retaliate with countermeasures if the U.S. imposes a 100% customs duty on goods from member states, Tass reported, […] Source CryptoX Portal
Day: December 10, 2024
MicroStrategy Invests Another $2.1 Billion In Bitcoin
Este artículo también está disponible en español. MicroStrategy, the business intelligence firm helmed by co-founder and Chairman Michael Saylor, has made headlines yet again with the announcement of a $2.1 billion Bitcoin (BTC) acquisition. Interestingly, this is the fifth consecutive Monday that the Tysons Corner, Virginia-based corporation has announced major acquisitions of the market’s leading crypto, demonstrating confidence in BTC’s prospects and price appreciation. Microstrategy’s Bitcoin Stash Surpasses Nvidia According to a filing with the US Securities and Exchange Commission (SEC), MicroStrategy purchased 21,550 Bitcoin tokens between December 2 and…
Ethereum Price Faces Pressure: Bulls Tested After Setback
Este artículo también está disponible en español. Ethereum price corrected gains below the $3,880 zone. ETH is now recovering some losses and facing hurdles near the $3,800 resistance zone. Ethereum started a downside correction below $3,880 and $3,800. The price is trading below $3,880 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,815 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,600 support zone. Ethereum Price Dips…
Bitcoin Price Dips Again: Is The Momentum Shifting?
Este artículo también está disponible en español. Bitcoin price started another decline and traded below the $98,000 support. BTC dipped toward the $95,000 level and is currently correcting losses. Bitcoin started a fresh decline below the $98,000 support zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could regain momentum if it closes above the $98,800 resistance zone. Bitcoin…
Ethereum Finally Set For A New All-Time High? Here’s What Analysts Say
Este artículo también está disponible en español. Ethereum (ETH) continues to hover around the critical $4,000 resistance level, a price point many believe could determine the cryptocurrency’s next major move. However, a strong weekly close has sparked optimism among analysts, suggesting that ETH could be on track to reach a new all-time high (ATH) soon. Ethereum Heading To New ATH? Experts Weigh In While cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP have experienced explosive growth this year, ETH’s price momentum has been relatively subdued. According to CoinGecko, Ethereum has…
Amazon’s Shareholders Push for Bitcoin in Treasury to Strengthen Reserves
Amazon faces shareholder pressure to assess bitcoin as a treasury asset, citing inflation risks, bitcoin’s soaring returns, and corporate trends toward cryptocurrency adoption. Shareholders Push Amazon to Embrace Bitcoin—A Bold Treasury Move? Amazon shareholders are pressing the company’s Board to explore the potential benefits of adding bitcoin to its financial strategy. The proposal, submitted by […] Source CryptoX Portal
Russian state deputy urges to create Bitcoin reserve
The Bitcoin strategic reserve has been an intensive issue in the past few months since Donald Trump announced these plans to the crypto community; now Russia has followed. Anton Tkachev, Duma state deputy of Russia, has urged the Minister of Finance Anton Siluanov to create a Bitcoin strategic reserve in the country after the Russian economy and business were sanctioned by the U.S. In his proposal, Tkachev mentioned that Bitcoin (BTC) should be treated in the reserves as any other traditional currency as well due to the borderless system of…
Ethereum Funding Rates Hit Multi-Month Highs, But Is A Correction On The Horizon?
Ethereum, the second-largest crypto by market capitalization, has recently demonstrated strong bullish momentum, breaching above $4,000. It is worth noting that its price rally has been accompanied by a significant spike in its funding rates, a critical metric reflecting sentiment in the futures market. The metric, analyzed by CryptoQuant analyst ShayanBTC, has reached levels not seen since January 2024. This surge in funding rates suggests a growing optimism among traders, with many anticipating the possibility of Ethereum reaching new all-time highs. But Is A Correction On The Horizon? Despite this…
Digital Assets Investments Hit Record $3.85 Billion Weekly Inflow
Coinshares digital assets report showed a significant surge in digital asset inflows, reaching $3.85 billion. Record Breaking Inflows Into Digital Asset Investment Digital asset investment products had the biggest weekly inflows ever at $3.85 billion, shattering the previous record established only a few weeks earlier. Coinshares‘ analysis of last week’s (Dec. 2 – Dec. 6) […] Source CryptoX Portal