A new 'high' for Bitcoin could possible mean alarm bells for the cryptocurrency.
Recent insights from COINOTAG News indicate that the crypto landscape is witnessing a substantial uplift, particularly concerning Ethereum (ETH). Research conducted by Santiment revealed a notable spike in the number
Ripple and XRP could face a turning point as new pro-crypto regulatory shifts promise renewed hope and potential resolution to years-long legal battles. XRP’s Future: Ripple CEO Hints at a New Chapter on the Horizon Ripple CEO Brad Garlinghouse shared his views on social media platform X Friday, highlighting potential regulatory shifts for cryptocurrency under
The crypto market eagerly awaits the US CPI inflation data this week, which is likely to decide the future path of the Federal Reserve’s monetary policy plans. Besides, a flurry of other key events, including Fed Chair Jerome Powell’s speech is also scheduled later this week. Notably, this comes a week after the US FOMC The post US CPI, Fed Powell Speech Among 5 Key Crypto Events To Watch This Week appeared first on CoinGape .
Recent analysis from COINOTAG News on November 10 highlights a significant movement in the cryptocurrency space. Data from Spotonchain indicates that within a mere three days, 40 billion USDT was
Best Crypto Project to Buy Now—Top Coins Set to Soar in 2024 The post Best Crypto Project to Buy Now—Top Coins Set to Soar in 2024 appeared first on TheCoinrise.com .
How far away is the memecoin's next price rally? That depends on a few factors...
The momentum is on Bitcoin and crypto’s side, and it wouldn’t be surprising if the price surge continues until the end of the year. One of the biggest drivers of the current performance of Bitcoin is the election of Republican Donald Trump. Related Reading: XRP On Fire: Analyst Predicts $4 Milestone As Token Rallies 11% Trump’s rhetoric and friendly pronouncement on crypto helped propel the asset’s price past $76k, beating this year’s March record. Now, many market analysts remain bullish days after the US elections. Thomas Lee, CNBC contributor and the CIO of Fundstrat Capital, even pushed a bolder claim, saying that Bitcoin could trade in six digits by year’s end. Lee states that the current market and political environment favor the top coin and expects more upside for digital assets. Trump’s Election Boosts Crypto Industry This Friday, the Fundstrat Capital CIO shared his thoughts on Trump’s elections and BTC’s future at CNBC’s Squawk Box. In the same discussion, Lee shared that Bitcoin and most altcoins will have a price rally in the short term. “It’s going to be very difficult to fix the deficit with just changes in taxes and spending,” says @fundstrat‘s Tom Lee. He says bitcoin is “potentially a Treasury reserve asset. If Bitcoin rises in price, it actually helps offset the liabilities, which is the deficit.” pic.twitter.com/tVrnE37dhS — Squawk Box (@SquawkCNBC) November 8, 2024 Lee shared that right before the elections, the global markets faced plenty of uncertainties. However, with Trump winning the US elections and his favorable proposed policies on Bitcoin, the crypto industry can expect better days. Lee added that changes in regulations and pro-crypto policies could power the digital asset’s short run. He also credits Trump for his experience as a former president, which can help him better navigate future challenges. With Trump’s support and a favorable market environment, Lee reflects on his initial target of $150k for BTC, saying this is possible. Bitcoin, Digital Assets Can Help Offset US Debt One of Trump’s campaign promises is to cut the country’s growing budget deficit, which now stands at more than $35 trillion. Lee explained that it’s difficult for Trump to cut taxes and spending to address the deficit. Instead, Lee sees Bitcoin as the key to solving the country’s growing budget deficit. He sees the potential in BTC as a future Treasury asset, noting its increasing market value over the years. Interestingly, Trump has also explored the idea, saying that as president, he can arrange the country’s budget woes by handing “a Bitcoin check.” Bitcoin Act Gaining Momentum After The US Elections Before Lee’s comments, there had been discussions on Bitcoin’s growing role in the country’s financial system. Senator Cynthia Lummis filed a bill, the Bitcoin Act, to legitimize the crypto asset as an economic asset. Related Reading: SEC Shake-Up: Robinhood Legal Boss On Shortlist For Top Spot—Report According to Senator Lummis, Trump’s win will favor the push to make Bitcoin an asset to help combat economic uncertainties. One of the bill’s recommendations was to hold up to 1 million BTC over five years as a hedge against inflation. Featured image from UpFlip, chart from TradingView
President Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. President Musk (MUSKPRES), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because MUSKPRES 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, President Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
The post Breakout Alert! Dogecoin (DOGE) Could Soar by 50%, Key Insights appeared first on Coinpedia Fintech News Following an impressive 46% rally in recent days, Dogecoin (DOGE) has been making waves in the crypto landscape. It now appears that the meme coin is poised for another massive rally in the coming days, as it has formed a strong bullish price action pattern on its daily time frame. Dogecoin (DOGE) Technical Analysis and …