Bitcoin (BTC) soared more than 1,900% during Donald Trump’s first term as US president from November 2016 to November 2020. This comes despite his critical stance on cryptocurrencies at the time, with his famous 2019 tweet calling BTC “highly volatile” and claiming its value is “based in thin air.”BTC/USD daily price chart. Source: TradingViewHowever, President Trump’s second term is expected to be more favorable to the cryptocurrency industry, with his pledge to turn the United States into a ‘Bitcoin superpower’ and ease regulations to foster the cryptocurrency industry.Trump’s election victory, expected on November 6, has already helped push Bitcoin to…
Author: Crypto Flexs
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The Sui (SUI) ecosystem altcoin is suddenly soaring with support from Binance. In a new announcement, the world’s largest cryptocurrency exchange platform revealed that it will add trading support for Cetus (CETUS), a decentralized exchange (DEX) and centralized liquidity protocol, to the Sui blockchain. According to Binance, CETUS will open spot trading and futures contracts for USDT trading pairs starting Wednesday, with withdrawals allowed starting Thursday. CETUS, the project’s underlying asset, was blown away by the news of the listing. CETUS rose 109% from Monday’s low of $0.163 to Tuesday’s high of $0.341. As of this writing, CETUS is currently…
Louisa Crawford November 6, 2024 20:00 Injective’s October 2024 update shows significant advancements in the blockchain, ecosystem, and community sectors aimed at integrating traditional and decentralized finance. According to Injective’s official blog, October 2024 marked a period of significant progress for Injective with significant updates across blockchain, ecosystem, and community sectors. These developments are part of Injective’s ongoing efforts to bridge the gap between traditional finance (TradFi) and decentralized finance (DeFi). Key developments in October Injective’s latest updates focus on strengthening the fundamentals of the platform. These improvements aim to provide users with more…
GOAT has a bullish low term market structure. The DMI index showed a strong upward trend underway. Goatceus Maximus (GOAT) is up 56% in 32 hours and is likely to rise further. Mimcoin, which has a market capitalization of $722 million, has been in a retracement phase for the past 10 days, but has been on a rapid upward trend since November 4th. Trading volumes have also been on the decline, but things are starting to change. On lower time frames, upward momentum strengthened and capital flows increased. Goatseus Maximus begins an upward trend. Source: GOAT/USDT on TradingView The market…
Bitcoin (BTC) reached an all-time high of $75,358 after rising 7.23% in one 4-hour candle. This bullish momentum comes as the country prepares for Donald Trump’s victory in the US presidential election on November 5.As the US election concludes with a “crypto-friendly” president, one cryptocurrency analyst has reiterated his Bitcoin price target of above $100,000 in the coming weeks. Bitcoin Cup and Handle Pattern Is “Unfolding”Hours after the US election results came out, independent trader Titan of Crypto highlighted Bitcoin’s long-term cup and handle pattern, which is currently on a successful uptrend. Bitcoin cup and handle pattern analysis. Source: Titans…
With Donald Trump confirmed to return as president for the 2025-2029 term, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, is optimistic, declaring that the cryptocurrency market has entered a “golden age.” expressed. Recently video In what Hougan shared on social media platform A new era in cryptocurrency regulation Hougan’s optimism stems from a significant market rally sparked by: Trump’s electionHe believes this will lead to a pro-crypto stance in both the Presidency, Congress, and the House of Representatives. The CIO noted the recent success of the digital asset ecosystem: Bitcoin (BTC) It hit an all-time high of $75,500,…
More than $1 billion worth of BlackRock Bitcoin (BTC) exchange-traded funds (ETFs) changed hands in the first minutes of trading following Donald Trump’s victory in the US presidential election on November 5, according to data from Bloomberg. Analysts predict that BTC prices will continue to rise as Trump, a cryptocurrency-friendly Republican, is scheduled to begin his second term as US president on January 20.Fadi Aboualfa, head of research at cryptocurrency custodian Copper.co, wrote in an email to Cointelegraph that valuation models show that “by the time the 47th US president heads to the Capitol for the inauguration, there will be…
Yorg Healer November 6, 2024 17:59 Hugging Face and NVIDIA are collaborating to advance open-source AI robotics by integrating LeRobot with NVIDIA’s AI tools, aimed at advancing industries such as manufacturing and healthcare. At the recent Conference on Robotic Learning (CoRL) in Munich, Germany, Hugging Face and NVIDIA unveiled a strategic partnership designed to advance open source AI robotics. According to NVIDIA, the collaboration aims to unite their respective open source robotics communities by leveraging cutting-edge technologies to drive innovation in various sectors such as manufacturing, healthcare, and logistics. Open source robotics for the…
Bitcoin (BTC) hit $69,000 on US Election Day, November 5, as key on-chain metrics reversed strength, suggesting BTC’s $120,000 uptrend “remains intact.”BTC/USD daily chart. Source: TradingViewA bullish MVRV rate sets the BTC price target at $120,000.Bitcoin is trying to regain its 2022 all-time high of $69,000 as election uncertainty grips the markets on November 5. In a market currently affected by numerous macro-related issues, CoinLupin, an analyst at market intelligence firm CryptoQuant, has opted for the traditional approach of indirectly assessing Bitcoin’s current value by utilizing the Market Realized Value (MVRV) indicator.The analyst said Bitcoin’s price was trading at $68,755,…
The $3.6 billion deal closed Wednesday morning as The Associated Press, Fox and NBC announced Republican candidate Donald Trump’s victory.