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The turbulent US presidential election has pushed up the yield on the 10-year US Treasury, impacting demand for riskier assets such as cryptocurrencies. Falling bets on the Federal Reserve cutting interest rates in December contributed to the crypto market rebound. Elon Musk and the XRP Ledger On Wednesday, the crypto community continued to discuss Elon Musk’s recent comments regarding the XRP ledger. In response to a question about financial institutions using XRPL in the future, Tesla (TSLA) CEO said: “This is in no way an endorsement or disapproval of XRP, but I believe that cryptocurrencies, by their very nature, support…
In the final weeks of the presidential election, some polls and prediction markets indicate that Donald Trump could return to office in January 2025. The former president overtook Vice President Kamala Harris for the first time since August in The Economist’s statistical model. The US presidential election and some other media outlets and political forecasters are predicting the same outcome. Prediction markets like Polymarket and PredictIt also show Trump won the election, but the margin is much larger than some polls. As of Wednesday, Polymarket users indicated Mr. Trump had a nearly 64% chance of winning the election, while Ms.…
After the Federal Reserve decided to cut interest rates in September, Bitcoin has been on a volatile but mostly bull market. Analysts and investors are currently patiently waiting for the next rally as BTC recently stopped at the $69,400 level and has found strong support near $66,000. This level is important because it can determine Bitcoin’s next price move. CryptoQuant’s key data shows that Bitcoin’s average profitability index is currently 202%, meaning the price is approximately double the realized price. This indicator gives confidence to investors and traders who expect Bitcoin to continue rising. Profitability remains well below the level…
Traders work on the floor of the New York Stock Exchange (NYSE) on October 23, 2024 in New York City, USA.Brendan McDiarmid | ReutersFutures tracking the S&P 500 index traded near the flatline Wednesday night after the S&P 500 index posted its third consecutive day of declines.S&P 500 futures rose 0.1%, and Nasdaq 100 futures rose nearly 0.4%. Dow futures fell 79 points (about 0.2%).Tesla soared 12% in after-hours trading after the electric car maker’s third-quarter profit beat The Street’s expectations. Tech giant International Business Machines fell more than 2% as consulting revenue narrowly missed analysts’ expectations.The Dow Jones Industrial…
Traders work on the floor of the New York Stock Exchange (NYSE) on October 22, 2024 in New York City. Spencer Pratt | Getty ImagesStocks @ Night is a daily newsletter delivered after hours, giving you the first information about tomorrow and the last information about today. Sign up for free to receive it straight to your inbox.As the Dow 30 and S&P 500 record a third straight day of declines, CNBC TV producers take a look at what they’re watching and what they’re eyeing next.airlineAfter giving two big interviews in two days about the Boeing strike, CNBC’s Phil LeBeau…
DUBAI, United Arab Emirates, October 23, 2024 (Globe Newswire) — Exciting news! Doge Squared ($DOGE²) announces the start of a pre-sale on Monday (November 4th). Leverage the Ethereum and Dogecoin networks to provide a scalable solution to millions of Dogecoin holders and tap into the $18.5 billion market.$DOGE² is a layer 2 solution that increases the speed, efficiency, and utility of Dogecoin. Starting with Ethereum, it leverages the network to enable fast, low-cost transactions. As it evolves, $DOGE² will migrate directly to Dogecoin, creating a scalable platform for faster transactions and decentralized apps (dApps). The bridge between Ethereum and Dogecoin…
Tesla executives appeared to have hit all the right notes Wednesday, with the stock still up 12% in after-hours as the call ended.Only two analysts were allowed to ask questions, and much of the call was spent reviewing questions submitted in advance by Tesla shareholders.Chief Executive Officer Elon Musk has called for a 20-30% increase in car sales in 2025 and reaffirmed plans to introduce low-cost electric vehicles by the first half of next year. He also promised to have ride-hailing robotaxis in Texas, California and likely more states by next year, as well as an “amazing” Roadster.Tesla stock has…
An anonymous crypto veteran suggests that XRP and Dogecoin holders would be better off making millions on altcoin rival WallitlQ (WLTQ). Top analysts have similar opinions about AI’s new rivals. They believe it could soon dominate the crypto market. WallitlQ (WLTQ) is showing glimpses of profitability in its presale. Altcoin rivals are progressing as expected and could bring in millions of dollars for early adopters.WallitlQ (WLTQ): Wealth-enhancing AI rival with multi-purpose utilities WallitlQ (WLTQ) is a must-have for crypto investors looking to make a buck next year. Crypto veterans are optimistic about the success of altcoin rivals, which play a…
WallitIQ (WLTQ) poised to lead future market rally as XRP price nears breakout from Ripple vs. SEC battle, Shiba Inu announces new update, Dogecoin price expected to reach $1.2 are. Excitement in the crypto market is growing as the Ripple vs. SEC battle puts XRP price on the brink of soaring and the Shiba Inu team reveals a major development. Analysts also believe that Dogecoin’s price could soon approach the $1.2 level, positioning WallitIQ (WLTQ) to take the lead in driving the next big market rally and attracting investor interest. I predict that there will be. WallitIQ (WLTQ) is positioned…
Dogecoin has experienced a significant price increase, with its 50-day SMA rising, indicating a potential opportunity for new buyers. Despite being in overbought territory, 80% of Dogecoin holders are still profitable, indicating strong demand at low prices. Recently, DOGE’s large inflows have outpaced outflows, helping the coin maintain profits despite increasing selling pressure. Dogecoin (DOGE) has recently attracted market attention due to its impressive bullish trend and market movements. In an X post on Wednesday, Crypto Daily Trade Signals highlighted that the 50-day simple moving average (SMA) is rising, meaning there are opportunities for new buyers. #Dogecoin One of the…