Bitcoin (BTC) is struggling to find direction with opinion polls depicting a tight race between former President Donald Trump and Vice President Kamala Harris a day before the US presidential election.Here’s what analysts are predicting for Bitcoin as the Trump-Harris showdown approaches.If Trump wins, Bitcoin could reach $80,000-$90,000If Trump is elected, the price of Bitcoin will next reach $80,000 to $90,000, according to Bernstein analysts. source: XTrump’s support for Bitcoin and cryptocurrencies is the main reason for the optimism. He publicly advocated for the United States to become a leader in the cryptocurrency industry at campaign rallies.Key proposals include appointing…
Author: Crypto Flexs
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The US presidential election on November 5 could decide the fate of more than half a dozen cryptocurrency exchange-traded fund (ETF) proposals awaiting approval from regulators. In 2024, asset managers have filed numerous regulatory filings to list ETFs that hold altcoins, including Solana (SOL), XRP (XRP), and Litecoin (LTC). Issuers are also awaiting approval for several cryptocurrency index ETFs designed to hold a diverse basket of tokens. In reality, these filings are “a call option on a Trump victory” in the U.S. presidential election, Eric Balchunas, ETF analyst at Bloomberg Intelligence, said on October 25.Three out of four cryptocurrency owners…
just alvin November 4, 2024 22:22 Marathon Digital Holdings Inc. (MARA) will conduct a conference call on November 12, 2024 to discuss its third quarter 2024 financial results. The call can be accessed via webcast. Marathon Digital Holdings, Inc. (NASDAQ: MARA), a leader in digital asset computing, announced that it will hold a conference call on November 12, 2024 at 5:00 PM ET. According to MARA, the call will cover financial results for the third quarter ending September 30, 2024. Conference call details The earnings webcast and conference call will provide stakeholders with insight…
Cryptocurrency assets are trading unchanged. Crypto traders appear to be erring on the side of caution ahead of a potentially market-impacting week. Despite concerns about near-term volatility, many expect the long-term trajectory of the market to remain the same. Over the past few months, the US presidential election has probably been the most discussed issue globally outside of the Israeli-Palestinian conflict, and for good reason. That’s because it’s expected to be one of the most divisive and consequential polls in the country. Some leaders, especially in the cryptocurrency space, have tried to frame the election as a choice between continued…
Bitcoin (BTC) fell 6.7% from October 31 to November 4, breaking the $67,500 level for the first time in eight days. The decline resulted in the liquidation of more than $190 million in leveraged long positions and coincided with uncertainty surrounding the November 5 US presidential election.Despite this short-term bearish momentum, three Bitcoin derivatives indicators show that the market is not panicking. These positive indicators include the long/short ratio of the exchange’s top traders, total BTC futures open interest, and stablecoin demand in China.Exchange long/short ratios from top traders. Source: CoinglassWhales and market makers on Binance and OKX show relative…
Standard Chartered’s Zodia Custody has raised $50 million to expand its cryptocurrency custody services amid increasing competition between traditional financial firms and cryptocurrency-based firms. Institutional investors are driving demand for cryptocurrency storage. Zodia Custody, Standard Chartered’s cryptocurrency custody business, is reportedly in talks to raise $50 million to fund its expansion into new markets. CEO Julian (…)
Memecoin, built on the Solana (SOL) blockchain, has received support from Binance, the world’s largest cryptocurrency exchange platform by trading volume. In a new announcement, Binance said Monday that it is adding a futures contract for the monkey-themed PONKE (PONKE). Binance says: “To expand the trading selection available on Binance Futures and improve the trading experience for users, Binance Futures will launch the PONKEUSDT perpetual contract with up to 75x leverage on 2024-11-04 12:30 (UTC). no see.” PONKE is also listed on several cryptocurrency exchanges, including Bybit, Kraken, KuCoin, Crypto.com, and Revolut. Last month, the project announced the launch of…
Darius Varu November 4, 2024 19:30 Learn how grants from the Tezos Foundation are driving Web3 innovation in gaming, DeFi, and the arts. Take a look at projects like Taquito, Signatory, and Sugar Gaming. The Tezos blockchain continues to make great strides in the Web3 environment with the latest grants supporting a variety of projects. According to Tezos, the foundation is committed to advancing technology in areas such as gaming, decentralized finance (DeFi), and art through strategic fundraising initiatives. Tezos Taquito Leading this grant cycle is ECAD Labs, which is working on the Taquito…
Bitcoin (BTC) price saw a sharp 8% correction between October 29 and November 3, briefly falling to $67,446 over the weekend. While the higher time frame (HTF) market structure remains bullish for BTC, the market is expecting a volatile trading session ahead of the US presidential election results on November 5. Bitcoin’s current upward trend dates back to the low formed on September 6 at $52,510. Since then, each BTC correction during the higher high (HH) and higher low (HL) structures has retested the Fibonacci “golden zone” between 0.5 and 0.618. . The chart below shows Bitcoin exhibiting similar behavior…
Tether CEO made the company’s position clear on the official blockchain. USDT strengthens its position in the stablecoin sector by hitting a new high of $120 billion. Tether CEO Paolo Ardoino was in the news today after denying claims that the stablecoin issuer was building an official blockchain, the “Tether Chain.” Ardoino responds to claims made by X (formerly Twitter). clarify The company is supporting some L2s who choose USDT as payment for gas fees. “You rarely hear a rumor about the Tether chain. Tether currently has no plans to build an official blockchain. Simply put, other independent L2 solutions…