Cryptocurrency - news
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26.11.2024 05:00 Solana (SOL) decentralized finance (DeFi) activity has gained significant momentum, with its decentralized exchanges (DEX) surpassing Ethereum (ETH) DEX in monthly trading volume. So far in November, Solana-based DEXes have recorded over $100 billion in trading volume, marking a major milestone for the ecosystem. Solana DeFi Ecosystem Gains Momentum, Outshines Ethereum DeFi Solana, the fourth-largest cryptocurrency with a reported market cap of $118.34 billion has been on a record-breaking price trajectory. Recently, the digital asset established a new all-time-high (ATH) of $263 after having hit as low as $8 at the peak of the FTX fiasco. Related Reading: Solana (SOL) Bulls Stay in Control: Rally Far From Over? Now, the layer-1 blockchain has achieved another milestone as Solana-based DEXes surpassed $100 billion for the first time in monthly trading volume. According to data from DefiLlama, the 30-day cumulative trading volume recorded by Solana DEXes stands at $116.51 billion. In [...] newsbtc.com |
26.11.2024 04:30 Asset managers have weighed in on Trump’s proposed U.S. bitcoin reserve, reflecting divisions over digital assets in national economic strategy. Asset Managers Divided Over Bitcoin Reserve in Nation’s Bold Strategy Discussions about establishing a U.S. strategic bitcoin reserve have intensified following President Donald Trump’s re-election. Several asset management firms and financial analysts have voiced their […] bitcoin.com |
26.11.2024 04:18 Ethereum price started a fresh increase above the $3,400 zone. ETH is consolidating and might aim for a move above the $3,500 resistance. Ethereum started a fresh increase above the $3,320 and $3,400 levels. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,485 resistance zone. Ethereum Price Holds Gains Above Support Ethereum price remained supported above $3,220 and started a fresh increase while Bitcoin corrected gains. ETH gained pace for a move above the $3,420 and $3,450 resistance levels. The bulls even pushed the price above the $3,500 resistance. A high was formed at $3,545 and recently the price corrected some gains. There was a move below the $3,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $3,289 swing low to the $3,545 high. [...] newsbtc.com |
26.11.2024 04:11 A new and improved version of Frames will allow users to run full-screen applications inside the social media platform Warpcast. cointelegraph.com |
26.11.2024 04:00 Recent data from market intelligence firm Arkham Intel reveals that President-elect Donald Trump’s crypto portfolio has seen significant gains, coinciding with a robust uptrend in crypto prices following his election victory on November 5. Despite Bitcoin (BTC) being at the center of Trump’s presidential campaign, one notable asset among his holdings is Ethereum (ETH), of which he owns nearly 496 coins. This altcoin has been the standout performer among his investments, rising 38% over the past thirty days. Trump’s Crypto Holdings Shine Crypto analyst Michael van de Poppe pointed out a bullish divergence on Ethereum’s daily chart, suggesting that the current market dynamics are ripe for further growth. The analyst identified a key driver behind ETH’s recent performance: a significant drop in government bond yields. As these yields decline, van de Poppe suggests that investor interest in riskier assets like Ethereum tends to increase, propelling prices higher. Related Reading: [...] newsbtc.com |
26.11.2024 03:37 Bitcoin price is correcting gains below the $96,500 resistance. BTC is now trading below $95,000 and might face hurdles near the $95,750 resistance. Bitcoin started a downside correction from the $98,880 zone. The price is trading below $96,000 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend line with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $95,750 resistance zone. Bitcoin Price Corrects Gains Bitcoin price struggled to extend gains above the $98,800 and $99,000 levels. BTC started a downside correction below the $97,000 and $96,000 levels. It even dipped below $95,000. A low was formed at $92,550 and the price is now rising. There was a move above the $93,800 resistance level. The price cleared the 23.6% Fib retracement level of the downward move from the $98,880 swing high to the $92,550 low. Besides, there was a break above a short-term [...] newsbtc.com |
26.11.2024 03:30 Global asset manager Wisdomtree has filed for an XRP ETF in Delaware, marking a potential breakthrough amid regulatory shifts. Regulatory Shifts Loom as XRP ETF Eyes Breakthrough Moment Global investment management firm Wisdomtree, renowned for its extensive range of exchange-traded funds (ETFs), has filed with the state of Delaware to establish an XRP ETF. Fox […] bitcoin.com |
26.11.2024 03:00 An analyst has explained how the path to a new Chainlink all-time high (ATH) could open up if LINK can break past this resistance block. Chainlink Could Find Major Resistance At The $20 Level In a new post on X, analyst Ali Martinez has discussed how the resistance barriers for LINK are currently looking in terms of the on-chain cost basis distribution. Related Reading: Bitcoin To Smash $100,000? Rapid Stablecoin Exchange Inflows Continue Below is the chart from the market intelligence platform IntoTheBlock shared by the analyst. It shows the amount of the asset acquired at each price range that Chainlink has visited in its history. As displayed in the graph, many Chainlink investors purchased their tokens inside the $18.4 to $26.3 range. More specifically, around 100,220 addresses acquired 57.2 million LINK at these price levels. In on-chain analysis, the potential of any price range to act as support or resistance is measured using the number of coins bought inside it. The reason [...] newsbtc.com |
26.11.2024 02:57 Base is one of two Ethereum layer 2s with a TVL above $10 billion, having gained considerable ground since launching in August last year. cointelegraph.com |
26.11.2024 02:30 Michael Saylor advocates for a strategic bitcoin reserve, highlighting its potential transformative impact through historic U.S. investments, such as Manhattan and California acquisitions. Strategic Bitcoin Reserve: Michael Saylor’s Vision for America’s Digital Future Michael Saylor, executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR) and a leading bitcoin advocate, has highlighted the potential of a […] bitcoin.com |
26.11.2024 02:03 Justin Sun purchased $30 million worth of tokens from Donald Trump’s World Liberty Financial, making him the largest investor to date. cointelegraph.com |
26.11.2024 01:45 Bitcoin took a tumble today, hitting an intraday low of $92,584 per coin—a noticeable drop from its earlier perch at $98,000. Bitcoin Slips 4.6% to $92.5K as $118M in Long Positions Gets Wiped Out By 7:36 p.m. EDT, bitcoin (BTC) was down 4.6% against the U.S. dollar. Over the past hour, its price ranged from […] bitcoin.com |
26.11.2024 01:30 The crypto market witnessed a significant milestone last week as investment products recorded roughly $3.13 billion in net inflows globally, primarily driven by US spot Bitcoin exchange-traded funds (ETFs), according to data from CoinShares. This surge highlights growing institutional interest and confidence in the crypto market, with Bitcoin leading the charge. CoinShares reveals that the year-to-date net inflows into crypto funds have reached $37 billion, while total assets under management (AUM) soared to a new high of $153 billion. Related Reading: Bitcoin’s MVRV Metric Signals Market Heating Up—Here’s What Investors Should Know Bitcoin Takes The Lead, Altcoins Show Growth The recent inflows mark the seventh consecutive week of positive movements for global crypto investment products managed by leading firms such as BlackRock, Fidelity, Grayscale, and ProShares. A substantial portion of last week’s inflows, approximately $2.05 billion, originated from BlackRock’s IBIT product, [...] newsbtc.com |
26.11.2024 01:30 Ripple advances tokenized finance with the first money market fund on XRP Ledger, redefining efficiency in real-world asset tokenization and institutional Defi. Ripple Unlocks New Era of Tokenized Funds on XRP Ledger Ripple announced Monday that Archax, a Financial Conduct Authority (FCA)-regulated digital asset exchange, has facilitated access to a tokenized money market fund managed […] bitcoin.com |
26.11.2024 01:10 Ethereum reclaimed the top position against Tron on Nov. 21, and the gap has only widened since. cointelegraph.com |
26.11.2024 01:01 The Financial Conduct Authority (FCA) has released new
research on consumer attitudes towards crypto in the UK. The findings show that
12% of UK adults now own crypto, an increase from 10% in previous reports.
Awareness of crypto also rose from 91% to 93%. The average value of crypto held
by individuals grew from £1,595 to £1,842.Respondents reported that family and friends were the main
sources of information for those who had not purchased crypto. Only 10% of
participants said they did not conduct any research before buying.FCA Complaint Belief, Crypto RisksAround one third of people believed they could file a
complaint with the FCA if something went wrong, seeking recourse or financial
protection. However, crypto remains largely unregulated in the UK and carries
high risks. In the event of a problem, there is no guarantee of protection, and
individuals should be prepared to lose their money.“Our research results highlight the need for clear
regulation that supports a safe, [...] financemagnates.com |
26.11.2024 01:00 PRESS RELEASE. Singapore, November 25, 2024 – MEXC, one of the world’s foremost cryptocurrency platforms, has unveiled a major upgrade to its ongoing “Supercar Giveaway” event. In response to overwhelming user enthusiasm, MEXC has increased the prize pool from 10,000,000 USDT to 12,000,000 USDT, with expanded prizes and a lower participation threshold. This upgrade aims […] bitcoin.com |
26.11.2024 00:53 Rumble has become the latest company to confirm plans to add Bitcoin to its balance sheet after its CEO teased the idea on social media on Nov. 19. cointelegraph.com |
26.11.2024 00:50 ZA Bank combines traditional banking with digital assets to offer cryptocurrency services to retail users. Bitcoin Trading for Retail Customers in Asia Zhong An (ZA) Bank, a digital bank in Hong Kong, has declared that it has become the first bank in Asia to provide retail customers with bitcoin trading services. The launch of the […] bitcoin.com |
26.11.2024 00:30 To kick things off, Ripple’s XRP Ledger will tokenize asset manager asset manager abrdn’s $4.77 billion US dollar Liquidity Fund. cointelegraph.com |
26.11.2024 00:08 Digital asset investment products have achieved a historic milestone, according to Coinshares’ weekly report penned by research analyst James Butterfill. The findings highlight an unprecedented $3.13 billion in weekly inflows, signaling an amplified attraction toward these offerings. Bitcoin Leads the Charge with $3 Billion Inflows According to Coinshares’ research, bitcoin (BTC) emerged as the undisputed […] bitcoin.com |
26.11.2024 00:00 On-chain data shows exchanges have continued to receive stablecoin deposits recently, a sign that could be bullish for Bitcoin and other digital assets. Stablecoin Exchange Netflow Has Remained Positive Recently As pointed out by an analyst in a CryptoQuant Quicktake post, stablecoins have been flowing into exchanges recently. The on-chain metric of relevance here is the “Exchange Netflow,” which keeps track of the net amount of a given asset that’s moving into or out of the wallets associated with centralized platforms. When the value of this metric is positive, it means the investors are making net deposits of the coin to exchanges. Such a trend suggests the holders want to trade the asset away. Related Reading: 54% Of Bitcoin Supply Inactive Since 2 Years Despite 500% Price Jump On the other hand, the indicator being negative implies investors prefer to hold onto the cryptocurrency, as they are taking their tokens off into self-custody. The implication of these trends for the wider [...] newsbtc.com |
25.11.2024 23:39 Long liquidations and profit-taking from long-term Bitcoin holders are the primary factors in today’s sell-off. When will the dip buyers show up? cointelegraph.com |
25.11.2024 23:19 Another amended filing signals continued progress toward bringing a diversified cryptocurrency index fund to US exchanges. cointelegraph.com |
25.11.2024 23:05 The recent spike in trading activity on Korean exchanges has brought the country and its retail investors to the fore of the crypto industry. Korean Investors Love to Play Big The South Korean cryptocurrency market is once again at the center of global attention with a recent surge in trading activity. The huge trade volumes […] bitcoin.com |