The US elections positively influence the cryptocurrency market trends. Major coins like Bitcoin and Ethereum see significant price increases. Continue Reading: Positive Trends in Cryptocurrency Market Following US Elections The post Positive Trends in Cryptocurrency Market Following US Elections appeared first on COINTURK NEWS .
What the Altcoin Season Index Means for Bitcoin and the Broader Crypto Market The Altcoin Season Index, a key metric that gauges the relative performance of altcoins compared to Bitcoin (BTC), has risen by two points to 28 as of November 6, 2024, according to CoinMarketCap (CMC). This score continues to signal Bitcoin Season, where
Cameron Winklevoss Cautions Against Escalating Legal Costs for Crypto Industry Under Harris Administration Cameron Winklevoss, co-founder of Gemini, has raised concerns that a Kamala Harris victory in the upcoming U.S. presidential election could lead to a sharp increase in crypto industry legal costs. According to The Daily Hodl, Winklevoss estimates that the Biden-Harris administration has
Ethereum’s Market Cap Ratio Falls as Bitcoin Dominance Grows Ethereum’s market cap ratio against Bitcoin has reached a new low of 24.52%, the lowest level since April 2021, according to The Block. This decline reflects Bitcoin’s increasing dominance in the crypto market and signals a shift in investor interest, as Bitcoin continues to attract institutional
A series of pre-election nods from Elon Musk and Donald Trump’s campaign push Dogecoin’s value to its highest since April.
The post WallitIQ (WLTQ) Price Targets $32 From $0.0171 To Outperform Dogecoin, Shiba Inu, And Cardano appeared first on Coinpedia Fintech News The WallitIQ (WLTQ) price is making waves with its ambitious target of $32 from a starting point of $0.0171. As established tokens like the Dogecoin price, Shiba Inu (SHIB), and Cardano (ADA) steer their own challenges, WallitIQ (WLTQ) stands out as a promising investment opportunity. WallitIQ (WLTQ): The Next-Generation Decentralised Wallet Revolutionising Digital Asset Management …
Binance has contributed $3 million to Spain’s Red Cross to support relief efforts following devastating floods in Valencia. Spanish Red Cross Receives $3M Donation from Binance to Aid Valencia Flood Victims In response to severe flooding that has impacted the Valencia region, Binance Charity, the philanthropic branch of the cryptocurrency platform Binance, has donated $3
Bitcoin market trend may be on the verge of a significant shift, according to a recent analysis shared by CryptoQuant analyst Percival. Percival described Bitcoin’s current phase as “chopsolidation,” a term used to describe a period of minimal directional movement where price consolidation occurs without a clear trend. This period, he suggests, may be drawing to a close, with an imminent market movement expected in the coming weeks. The Chopsolidations metric, as Percival notes, doesn’t predict the direction of Bitcoin’s next move. Related Reading: Bitcoin Long-Term Holders Offload Over 177k BTC: Is A Price Surge Or Correction Next? Instead, it assesses the exhaustion level of the current trend, helping to determine whether Bitcoin’s price is due for a reversal or continuation. Percival’s analysis highlights that while there are indicators of strength at various points, the market remains divided on Bitcoin’s next direction. So far, some investors believe that recent accumulation is sufficient to push Bitcoin past its all-time high, while others expect a more cautious upward movement or even a potential correction. Assessing Bitcoin’s Support Levels And Potential Price Rebound Percival’s analysis further points to two key periods in September and October where Bitcoin established notable support levels, marked by brief but significant price stability zones. These areas, which he identified as orange zones on his chart (shared above), served as points where Bitcoin’s price “reloaded” — essentially, zones where demand was strong enough to halt price declines temporarily. With the current price hovering near these support levels, Percival suggests that the market may find a new bottom if Bitcoin faces any short-term downward pressure. This support could create a foundation for upward movement in the weeks ahead. The Chopsolidations indicator, according to the CryptoQuant analyst’s breakdown, is showing signs of readiness for a strong trend based on weekly and monthly readings. Although he did not specify a particular directional bias, he noted that the current market strength could be enough to drive Bitcoin’s price upwards if additional demand or a favorable macroeconomic environment aligns with market sentiment. This trend could play out over the short term, where sufficient market activity might lift Bitcoin’s price. Bitcoin Continuous Struggle To Make A Major Move So far, Bitcoin’s price has continued to face a struggle to make a significant move, especially to the upside. Instead, the asset has seen a form of calmness in volatility following its recent decline below the $70,000 price mark. Particularly, at the time of writing, the asset currently trades for $68,721—a price region BTC has remained quite stable for the past 3 days since its most recent decline. Featured image created with DALL-E, Chart from TradingView
In a recent post on social media platform X (formerly Twitter), Cameron Winklevoss, co-founder of the US-based cryptocurrency exchange Gemini, issued a stark warning to the digital asset community regarding the implications of the ongoing election results. Winklevoss, along with his brother Taylor, had previously publicly supported former President Donald Trump, donating $1 million in
The post Bitcoin All Time High Broken : Effect of US Election? appeared first on Coinpedia Fintech News Bitcoin successfully broke its previous all time high and reached a new peak at $75,656 according to Coinglass. The largest crypto surprised everyone when it took a sharp 9.4% rise in the last 5 hours. This is a big win for BTC as it missed the expected rise in October. This rise in price coincides …