Bitcoin (BTC) rose 3.8% between October 23rd and October 25th, facing resistance at $68,700, but will there be enough bullish momentum to push the price into the $70,000 range? Recent interest rate cuts by the Federal Reserve have increased investors’ risk appetite, but Bitcoin’s ability to surpass the $70,000 threshold will likely depend on four key drivers.Bitcoin/USD. Source: TradingViewLimiting factors include global economic uncertainty, high mining sales pressure and concerns about low hashrate profitability, the potential regulatory impact of the US election results, and large Bitcoin holdings on exchanges.Amid global economic uncertainty, investors remain cautious. Bitcoin has established itself as…
Author: Crypto Flexs
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Eric Balchunas, an ETF analyst at Bloomberg Intelligence, said the filing on Oct. 25 to list an alternative cryptocurrency exchange-traded fund (ETF) in the U.S. is a “call option on a Trump victory” in the upcoming presidential election. said.“If (former U.S. President Donald) Trump wins (…) he will definitely appoint a more liberal (Securities and Exchange Commission) chairman,” Balchunas said at the Plan B Forum conference in Lugano, Switzerland. “So if you see Trump winning, watch this space, and if you see (Kamala) Harris winning, forget about it for a few years,” Balchunas said. Eric Balchunas speaking at the Plan…
Yorg Healer October 25, 2024 07:40 The Valley ecosystem will change the game on GalaChain through new arcade-style games and reward systems and enhance player engagement through unique decentralized applications. According to Gala News, the Valley ecosystem is making significant progress in the blockchain gaming sector by leveraging GalaChain. With a deep-rooted history in gaming, the ecosystem is poised to revolutionize the gaming experience through unique on-chain applications. The foundation of the valley ecosystem Originating from the creators of the Happy Valley Arcade Bar in Beacon, New York, Valley Ecosystem is creating a network…
According to a document filed by Microsoft (MSFT) with the U.S. Securities and Exchange Commission (SEC) on October 24, an unexpected item was included in the agenda for its annual shareholders meeting scheduled for December 10. Along with routine votes on things like election of directors, ratification by independent auditors, and reporting on AI misinformation, one proposal stood out: a “Bitcoin Investment Assessment.” Interestingly, Microsoft’s board recommended shareholders vote no. Microsoft’s Cash Position and Potential Bitcoin Price ImpactAs of its Q2 2024 financial report, Microsoft has $76 billion in cash and equivalent assets. If shareholders pressured the company to allocate…
Solana has achieved records in terms of real economic value. Memecoin activity pushed metrics through Ethereum. REV is the core of Solana’s security and decentralization. Solana has seen significant growth this year, driven by the explosive growth of memecoins on the chain. As memecoin activity picks up again, Solana has hit all-time highs in key indices. Memecoin trading volume is impacting the indicator by increasing Solana’s fees. In particular, the real economic value of the Solana network has reached an all-time high, even surpassing that of Ethereum. Solana surpasses Ethereum in real economic value Thanks to surging memecoin activity, Solana…
It’s been an eventful month for longtime Bitcoin Core developer Peter Todd, who was recently indicted under the pseudonym Bitcoin creator Satoshi Nakamoto. HBO documentary.Despite strongly denying the claims on camera, turn offtodd said decryption He was publicly branded an elusive genius sitting there on Friday. $74.4 billion The value of Bitcoin forced him to work harder to defend himself.“We put in some security measures,” Todd said. “But it’s not a good idea to say publicly exactly what I did. “It’s best to keep the bad guys guessing.” However, the early Bitcoin contributor added that he definitely is. ~ no…
Felix Pinkston October 25, 2024 08:08 Ethereum’s All Core Developers Execution Call #199 covered important updates, including EIP 7742, Pectra Devnet development, and the block gas limit controversy. On October 24, 2024, Ethereum developers gathered virtually for All Core Developers Execution (ACDE) Call #199, chaired by Tim Beiko, Director of Protocol Support at the Ethereum Foundation. As reported by Galaxy.com, these bi-weekly meetings play a pivotal role in discussing and coordinating changes to Ethereum’s execution layer (EL). Pectra Devnet 4 and 5 Development The meeting reaffirmed that the upcoming Pectra upgrade will include EIP…
lawrence jenga October 25, 2024 09:14 GalaChain is leading the evolution of Web3, transforming blockchain from niche to global innovation and setting the stage for mass adoption across industries. According to Gala News, the evolution of Web3 has accelerated, transforming it from a niche concept to an important trend shaping our digital future. Initially limited to the tech-savvy crowd, Web3 is now the cornerstone of the next Internet generation and promises widespread innovation similar to what was seen in the Web2 era, including social media and e-commerce. Blockchain technology, once considered experimental, is now…
Solana (SOL) co-founder Anatoly Yakovenko said the project’s biggest competitor is now Coinbase’s Ethereum (ETH) scaling solution. In a new interview on the Unchained Crypto YouTube channel, Yakovenko said Coinbase’s Base has become Solana’s biggest competitor due to the amount of network activity. “When you look at activity, Base is probably our closest competitor right now. The way I analyze this problem is… The key components of product-market fit (PMF) are price, features, or content. Ethereum’s weakness was price, and Solana had killer prices that Ethereum alone could never reach, exorbitant prices that only charged users fees… What is unique…
Ethereum (ETH) price fell 7.5% over the week after Bitcoin (BTC) and other major altcoins failed to recover. However, one analyst believes that the long-term market structure for ETH is bullish as the price enters a key demand zone. Ethereum remains in the “buy zone”.Web3 expert and independent trader Mando CT shared his thoughts on X with his 600,000 followers, hinting at the importance of “patience” with Ethereum. The trader said Ethereum remains in ‘buy territory’ from a long-term investment perspective, adding: “When $ETH surges, the entire market typically joins in, fueling altcoin operations and boosting the entire cryptocurrency ecosystem.”This…