Gensler's departure may lead to a more favorable regulatory environment for crypto, potentially reducing litigation and boosting market confidence. The post XRP jumps 25% as SEC may not pursue appeal after Gensler’s departure appeared first on Crypto Briefing .
Trump’s Revolution could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Trump’s Revolution (TRUMPREV), a new Solana memecoin launched today, is set to explode over 13,000% in price in the coming days. This is because TRUMPREV 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, Trump’s Revolution can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge
The post FTX Payouts Set to Begin: Creditors and Customers May See Funds by March 2025! appeared first on Coinpedia Fintech News FTX, the once-prominent crypto exchange that collapsed in 2022, is now moving closer to reimbursing its creditors and former customers. After two years of legal battles and bankruptcy proceedings, the exchange has shared a repayment timeline, with initial distributions expected to start by March 2025. FTX Payments to Begin in 2025 The FTX bankruptcy estate …
The cryptocurrency market is currently experiencing an upward trend. Bitcoin (BTC) has reached a record high of $99,000 for the first time in history. Continue Reading: Bitcoin Hits $99,000 as Cryptocurrency Market Rises The post Bitcoin Hits $99,000 as Cryptocurrency Market Rises appeared first on COINTURK NEWS .
Crypto presales are pivotal in shaping the ecosystem, benefiting both the presale projects and early traders. For developers,…
XRP price shot up 25% in hours as the US SEC Chair Gary Gensler announced his resignation. Ripple’s native token XRP hit a high of $1.43, the levels last seen during the 2021 bull run. Crypto market analyst predicts the continuation of the rally all the way to $2 following a bullish pattern breakout. The The post XRP Price Rally to $2 As Paul Atkins Leads to Replace US SEC Chair Gary Gensler appeared first on CoinGape .
In a pivotal move for the cryptocurrency landscape, Texas legislators are engaging in preliminary discussions regarding the introduction of Bitcoin strategic reserve legislation, as highlighted by the Satoshi Action Fund.
Summary Bitcoin’s price surge is fueled by institutional demand, growing mainstream acceptance, and a derivatives market boom. The derivatives market surge, while driving prices higher, also increases volatility and the risk of liquidations. ETF inflows have approached $2 billion in three days, further boosting Bitcoin’s rally. By Zain Vawda Bitcoin prices continue to rise and print fresh highs as speculation continues to grow around a favorable outlook toward crypto from the incoming Trump administration. To further support these rumors, leaks about a potential White House crypto expert appointment and rumors of Trumps social media companies interest in a buyout of crypto trading firm Bakkt has aided the rally. The Crypto Fear and Greed index shows markets are in a period of extreme greed. Source: FinancialJuice The question is whether this will lead to pullback, or are we set for more gains in the coming weeks? Bitcoin’s Impressive Climb Amid Derivative Market Surge One big reason Bitcoin’s price has gone up is because institutional demand continues to rise. They’re putting a lot of money into Bitcoin, which makes it more trustworthy. For example, MicroStrategy ( MSTR ) has bought a lot of Bitcoin and made a good profit as its value has increased. The way the market works also helps. More people are accepting Bitcoin as a real type of investment. Since there’s only a limited amount of Bitcoin available and more people want it, the price keeps going up on the basic rule of supply and demand. The derivatives market is a big factor in Bitcoin’s price increase. Bitcoin’s Open Interest, which shows how many contracts are active, has reached $63 billion. This is a record amount and is much higher than in 2021, when it was over $20 billion. Back then, Bitcoin’s price was at its highest, around $69,000. Source: CoinGlass The derivatives market surge does pose risks, however, with volatility expected to be higher and price swings a more common occurrence. This is simply down to leverage, with wild price swings likely to lead to an increase in liquidations. Over the past 24 hours, liquidations have totaled $450 million, with around 60% of this coming from short positions. The old adage rings true for Bitcoin as well, "the trend is indeed your friend". ETF Flows Surge Approaches $2 Billion in Three Days ETF flows have only increased over the past few days, with a total nearing $2 billion over the period November 18-20. Since November 1, Bitcoin ETFs have only experienced 5 days of outflows with 9 days of inflows. The rise in ETF adoption is likely to continue now given the hype around the Trump Presidency and his perceived pro crypto stance. If the ETF flows continue to grow, it is likely that we have not seen the last of the current Bitcoin rally. Source: CoinGlass Technical Analysis BTC/USD Bitcoin (BTC/USD) is on a tear this week in particular, having traded just below $90k handle on Monday. Since then, we have had 3 consecutive days of gains boosted by a combination of factors. The difficult part about the technical outlook is that there is no historical price action to base any analysis off. As we discussed earlier in the article, there is the risk of swings due to the surge in the derivatives market. Looking at the RSI, it has been in overbought territory since Bitcoin has breached $75k. Another sign that despite the RSI being in overbought territory, there is no guarantee that a pullback will materialize. For now, immediate support is at 95000, with a break lower eyeing a move toward 91804 and then the 90000 psychological level. Looking at a move to the upside and the 100000 mark could lead to some wild price swings, as market participants may eye some profit-taking as well. Beyond this at the moment, I will be keeping an eye on the round numbers/psychological numbers around 105000 and 110000. Bitcoin (BTC/USD) Daily Chart, November 21, 2024 Source: TradingView.com Support 95000 91804 90000 Resistance 100000 105000 105000 Original Post
The post Solana Price Prediction 2024 – 2030: SOL Price Hits New ATH, Target $500? appeared first on Coinpedia Fintech News Story Highlights The live price of Solana crypto is . Solana price could reach a potential high of $350 by the end of 2024. SOL price, with a potential surge, could go as high as $1,672 by the end of 2030. Solana is coming true to its self-proclaimed title, “Ethereum-Killer” as it gradually surpasses Ethereum …
A federal grand jury in Miami has charged nine individuals with laundering U.S. drug proceeds into cryptocurrency for Mexican and Colombian cartels, utilizing “a network of black market cryptocurrency launderers and unlicensed money transmitters,” according to the U.S. Department of Justice. From 2020 to 2023, defendants allegedly coordinated cash pickups from U.S. drug sales, converting