Tag: Optimism

Optimism Price To Resume Bullish Trajectory To $3? Here’s How

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The Optimism price appears to have struggled over the past week, with its recent bullish momentum seemingly waning. During the altcoin rally, the price of Optimism’s native token OP went from a low of $1.2 to a high of nearly $2.5 before experiencing a pullback.  While OP has managed to preserve a majority of its recently accrued profit, the cryptocurrency seems to be finding it challenging to continue its bullish trajectory. And the latest on-chain revelation suggests that there might be only one thing in the way of the Optimism…

Grayscale’s GBTC Discount to NAV At Narrowest Since July 2021 on ETF Optimism

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Milei presidential victory fuels optimism in Argentina’s Bitcoin community

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After a long and dramatic presidential race, libertarian candidate Javier Milei triumphed in Argentina’s presidential election on Nov. 19. Milei promises to abolish the country’s central bank, among a slew of other radical policy changes capturing the attention and imagination of the crypto community. With 99% of the vote counted on Sunday, Nov. 19, Milei was declared the winner. The flamboyant politician secured the favor of 55% of the electorate, with three million more ballots to his name than rival Sergio Massa. Fernando Nikolić, an Argentine Bitcoin (BTC) advocate and…

2 days before Bitcoin ETF approval window closes; this altcoin aims to capitalize on crypto’s optimism 

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All eyes are on the United States Securities and Exchange Commission (SEC) as the deadline for approving several spot Bitcoin exchange-traded fund (ETF) applications approaches. The SEC has until Nov. 17 to decide on these filings, and the crypto market is watching closely, as we have only two days left. Last week, BTC rallied to $37,000 as optimism grew around the potential for ETF approval. However, the price pulled back to $35,000 yesterday as impatience set in among traders.  According to Bloomberg’s senior ETF strategist James Seyffart, the SEC could…

Blockchain Developer Lattice Unveils ‘Alternative Data Availability’ Network for Optimism

“We call it alternative data availability, because the transaction data is available off-chain, not on Ethereum. To maintain security with this architecture, that’s why we have the permissionless on-chain DA challenge so that when the data is not available or doesn’t correspond to the data commitment, one can challenge it to be excluded,” Justin Glibert, founder and chief executive officer of Lattice, shared in an email to CoinDesk. Source

Stock Market Surges on Inflation Optimism: Wall Street Celebrates

Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting. In a remarkable turn of events, the stock market rallied strongly on Tuesday, adding to their impressive November gains. The surge was fueled by the positive reaction to new US inflation data, which raised hopes that the Federal Reserve’s rate-hiking campaign would soon end. Tuesday’s Stock Market Rally Specifically, the Dow Jones Industrial Average (INDEXDJX: .DJI) rose 1.43% to 34,827.70, gaining 489.83 points. Simultaneously,…

Bitcoin ETF optimism sparks bullish run, GFOX and LINK gain momentum

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Bitcoin recently surged past $37,000, reaching levels not seen since May 2022. The spike was attributed mainly to a short squeeze, as short investors were liquidated. Market enthusiasm is fueled by growing optimism about U.S. regulators’ potential approval of the first spot Bitcoin ETFs. Amid this optimism, altcoins like Galaxy Fox (GFOX) and Chainlink (LINK) appear to be gaining traction.  Examining GFOX Bitcoin plays a critical role in crypto, and the expectation of the first batch of spot Bitcoin ETFs appear to be driving the markets higher. With Bitcoin halving…