The U.S. District Court for the Northern District of Texas has dealt a significant blow to the SEC by nullifying its recently expanded “dealer” rule, impacting the cryptocurrency landscape. This
The crypto industry's recent legal wins include the CFPB excluding crypto wallets from oversight and Gary Gensler's planned resignation.
Ethereum price is setting the stage for a potential rally toward $4,000 after solidifying support around the $3,000 level. The cryptocurrency has seen increased buying activity in this range, alongside a bullish breakout and imminent technical indicators, suggesting further upward momentum. As Ethereum consolidates its position, market participants anticipate a continuation of this positive trend The post Ethereum Gains Momentum With Bullish Breakout, ETH Price To $4000? appeared first on CoinGape .
Key takeaways Fantom (FTM) is a high-performance blockchain platform designed for decentralized applications (dApps) and smart contracts. Launched in June 2018 by Dr. Ahn Byung Ik and Matthew Hur, Fantom employs a unique consensus mechanism called Lachesis, which utilizes asynchronous Byzantine fault tolerance (aBFT) to achieve rapid transaction processing speeds of up to 300,000 transactions
Donald Nukes Ukraine could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Nukes Ukraine (DONALUKR), a new Solana memecoin that was launched today, is set to explode over 15,000% in price in the coming days. This is because DONALUKR is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Nukes Ukraine can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early
The cryptocurrency market is experiencing a sharp rise in altcoin prices following the U.S. presidential election, fueled by expectations of a pro-crypto administration, according to Cryptoquant’s latest analysis. Report Highlights Altcoin Price Spikes Amid Hopes of Pro-Crypto U.S. Leadership Cryptoquant analysts report that layer one (L1) cryptocurrencies have surged significantly, with notable increases observed in
A Texas federal court has rejected the U.S. Securities and Exchange Commission's recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector. This adds a significant legal loss to the crypto legacy of SEC Chair Gary Gensler on the same day he announced his January departure.
Ripple's price increased by 5% following the news that Gary Gensler will step down on January 20th.
Summary In the past 24 hours, the world's largest crypto has surpassed the $98,000 mark for the first time ever as it closes in on the $100,000 milestone. Bitcoin has been surging when the US stock market has been open outside of a slight sell-off from 2-4 PM ET. Forward one-month historical median seasonal returns rank in the 85th percentile of all days of the year, and forward three-month returns are even better, just shy of the top decile of readings. Bitcoin's ( BTC-USD ) relentless rally has pressed on. In the past 24 hours, the world's largest crypto has surpassed the $98,000 mark for the first time ever as it closes in on the $100,000 milestone. As shown below, after trending lower from the end of the first quarter through late summer, Bitcoin hit a low on September 6 and finally broke out of that downtrend by mid-October with a parabolic move upwards after the election. Currently, the crypto is up over 80% from that September low. Bitcoin has seen a lot of big green candles in the past few weeks. To gauge how it has traded during the day, below we show an intraday composite of Bitcoin's action since Election Day a little over two weeks ago. This is essentially the average 24-hour path that Bitcoin has taken since Election Day. We have shaded in gray the period from 9:30 AM ET to 4 PM ET, which represents regular trading hours for US equity markets. As you can see, Bitcoin has been surging when the US stock market has been open outside of a slight sell-off from 2-4 PM ET. Is this because of all the new Bitcoin ETF buying that has been happening lately? The surge in Bitcoin prices has also come at a time when seasonality hasn't exactly been at its best. In the second chart below, we show the average path of Bitcoin throughout the year for all years since 2015, over the past five years, and this year. As shown, this year in March and the second half of May, Bitcoin bucked seasonal trends as it saw much stronger runs versus a historical seasonal pattern in which prices have tended to fall. That parallels with this month in which prices have absolutely soared, whereas in the past, Bitcoin has tended to move lower in November before rebounding through the holidays. In fact, as the first days of December approach, forward one-month and three-month seasonality is reaching some of its strongest readings of the year. As shown in the dials below, forward one-month historical median seasonal returns rank in the 85th percentile of all days of the year, and forward three-month returns are even better, just shy of the top decile of readings. Of course, seasonality is no guarantee of future price movements, and the recent rally already leaves Bitcoin very overbought. Original Post Editor's Note: The summary bullets for this article were chosen by Seeking Alpha editors.
The competition in the Layer-1 blockchain space is at an all-time high, with projects like $SUI and $OM making waves for their innovative strategies and rapid growth trajectories. While $SUI boasts a current price of $3.75 and a market cap of $10 billion, $OM is emerging as the stealth player in this race, thanks to its pioneering role in real-world asset (RWA) tokenization.