Day: December 12, 2024

Vancouver City Council Passes Bitcoin Reserve Asset Motion

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On December 11, Vancouver councilors voted in favor of Mayor Ken Sim’s motion to make the city “Bitcoin-friendly” and authorize staff to look into holding cryptocurrency in reserve. Mayor Ken Sim, who has been serving as mayor of Vancouver since 2022, said to CBC that he thinks investing in Bitcoin (BTC) is financially responsible in an era of inflation and market volatility and even agreed to donate $10,000 worth of BTC to the city from his personal holdings. City officials will now work to see if BTC can be incorporated…

XRP Price Winning Streak: Is More Upside on The Horizon?

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XRP price started a strong increase above the $2.25 resistance zone. The price is up over 10% and might aim for a move above the $2.50 resistance zone. XRP price started a fresh increase above the $2.25 zone. The price is now trading above $2.30 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2.215 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.475 resistance. XRP…

JPMorgan Hails Historic Rally as Crypto Soars in Unmatched November

November marked a historic surge in the crypto market, with total market capitalization rising by an unprecedented 45%, reaching $3.3 trillion, according to JPMorgan. “President-elect Donald Trump’s reelection triggered a historic rally and jump in market caps across the crypto ecosystem,” said the bank’s analysts, led by Kenneth Worthington. They explained that the rally bolstered […] Source CryptoX Portal

Will Bulls Drive a Massive Upswing?

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Este artículo también está disponible en español. Ethereum price started a decent increase above the $3,650 zone. ETH is now rising and might aim for a move above the $3,900 resistance zone. Ethereum started a decent increase above $3,650 and $3,680. The price is trading below $3,750 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,850 and…

Hidden Driver Of Bitcoin’s Rally: Coinbase Dominance Fades, Binance Takes The Lead

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While Bitcoin (BTC) has previously shown significant momentum in this market cycle, recent insights suggest that liquidity sources beyond Coinbase may be driving the trend. A CryptoQuant analyst, Mignolet, specifically provided a detailed analysis of Bitcoin’s market, shedding light on the role of major exchanges like Coinbase and Binance in the ongoing bull cycle. Shifting Liquidity Dynamics And Exchange Roles In a recent post on the CryptoQuant QuickTake platform titled “Coinbase Dominance Remains Low,” Mignolet examined the trajectory of Coinbase’s influence on Bitcoin’s price movements. The analyst highlighted that while…

Bitcoin Price Reclaims $100K: Is the Bull Run Back On?

Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone. Bitcoin started a fresh increase above the $97,500 zone. The price is trading above $98,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $97,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct some gains before it attempts to surpass the $102,000 resistance zone. Bitcoin Price Regains Strength Bitcoin…

5 hottest cryptos for millionaire status this Christmas

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DOGEN, SOL, TRON, DOGE, and TURBO rank among hottest cryptos for millionaire status this Christmas. With the festive season near, the chance for transformative crypto investments arises. As markets evolve rapidly, these five cryptos might set the path to millionaire status this Christmas, turning a modest investment into significant wealth. DOGEN: The ultimate meme token DOGEN is here to take the crown as the alpha of the meme coin…

Eric Trump Predicts $1M Bitcoin as America Welcomes Most Pro-Crypto President in History

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Eric Trump confidently predicted bitcoin will surpass $1 million, crediting the “most pro-crypto president in the history of America” for spearheading a global financial revolution. Eric Trump: Bitcoin to $1M With Most Pro-Crypto President in US History Eric Trump, son of U.S. President-elect Donald Trump, confidently predicted on Dec. 10 at the Bitcoin MENA conference […] Original