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Market leader Bitcoin continued to rise on Tuesday, defying a sharp drop in stock prices. Cryptocurrency Gain +/- Price (Recorded at 9:30pm EDT)Bitcoin BTC/USD+2.22%$67,341.02Ethereum ETH/USD -0.30%$2,617.63Dogecoin DOGE/USD -1.31%$0.1166 What happened: The world’s largest cryptocurrency rallied above $67,000 in early trading, hitting its highest since July 29. Barring intermittent bouts of volatility, the coin remained largely up as of Monday night. On the contrary, Ethereum failed to maintain its gains even after surging to $2,679. Digital asset trading firm QCP Capital said the rally could be election-driven after prediction markets showed Donald Trump with a large lead over Kamala Harris. Total…

Reaching Coinsensor… Vice President Kamala Harris’ campaign on Monday announced support for a “regulatory framework” for cryptocurrencies and digital assets aimed at protecting investors. The cryptocurrency push is part of Harris’ Opportunity Agenda for Black Men, which includes legalizing cannabis at the federal level and providing forgivable loans to entrepreneurs. Reference: Harris campaign says more than 20% of Black Americans own or have owned cryptocurrencies.Joining the party: Harris hasn’t said much about crypto so far, but her proposal has caught the attention of the industry. Bitcoin and Ether both rose more than 5% on Monday.Moon Promise: Former President Donald Trump…

[Reuters]- Chip equipment maker ASML has reported a drop in annual sales due to weak demand for non-AI chips, while reports said the Biden administration is considering restricting sales of advanced artificial intelligence processors to some countries. Semiconductor stocks in the U.S. and Asia fell after the company revised its forecasts downward.AI chip giant Nvidia, which briefly overtook Apple the previous day to become the world’s most valuable company, fell 4.5%, losing about $158 billion in market capitalization, widening the gap with Apple’s market cap of $3.56 trillion. did.Other semiconductor companies, including AMD, Intel, Arm, Broadcom and Micron, were down…

At the Miami Ripple Swell 2024 conference, Ripple revealed new exchange partners and market makers for its upcoming dollar-pegged stablecoin, RLUSD. Former FDIC Chair Sheila Baer and former CENTER Consortium CEO David Puth are appointed to the RLUSD Advisory Board. Ripple’s president said the stablecoin is “ready to operate” and is awaiting regulatory approval from the New York Department of Financial Services (NYDFS). Exchanges and market makers support Ripple’s RLUSD launch Ripple’s multiple partners supporting the distribution of RLUSD include Bitstamp, Bitso, Bullish, CoinMENA, MoonPay, Uphold, and Independent Reserve. – Advertisement – However, the company also partnered with B2C2 and…

Important points Nvidia’s stock price fell nearly 5% on Tuesday after hitting an all-time high in the previous session. Tuesday’s decline came after Bloomberg reported that the Biden administration is considering restrictions on AI chip exports to some Middle Eastern countries, dampening optimism about a surge in demand for the company’s chips. .NVIDIA stock broke out of a multi-month symmetrical triangle earlier this month, but this breakout occurred on below-average volume, indicating a lack of conviction behind the move. Investors should keep an eye on the key support levels on NVIDIA’s chart near $125, $115, and $125. Although it is…

On Tuesday, October 15th, Ripple’s native token, XRP, soared, rising 4.44% to a 12-day high of $0.5552. However, this upward momentum faced a slight pullback, with the token falling to $0.5404 at the time of writing, marking a 1.31% decline over the past 24 hours. TradingView’s daily chart shows that the token’s recent price movements follow a steep decline that began in late September. The cryptocurrency briefly reached a critical level of $0.6645, but by October 3, it had plunged more than 23% to a low of $0.5071. After weeks of downward pressure, XRP appears to be regaining its footing,…

Electric vehicle leader Tesla has transferred its entire Bitcoin (BTC) holdings, worth about $765 million, to a series of unidentified wallets, raising questions about the company’s cryptocurrency strategy. .The transfer contained 11,500 Bitcoins and was moved to multiple new addresses in 26 separate transactions, according to data from Arkham Intelligence. Despite the large-scale migration, the funds are not linked to any cryptocurrency exchanges, indicating that Tesla may not liquidate Bitcoin at this time.The move marks the first time activity in Tesla’s Bitcoin wallet has been observed since June 2022. Prior to the transfer, the wallet was dormant, leading many industry…

New York CNN — Former President Donald Trump’s social media company suffered a sudden selloff in the stock market on Tuesday, suspending trading and leaving traders scratching their heads. Trump Media & Technology Group, owner of Truth Social, had soared at about $31 a share during choppy trading, but the company took heavy trading volume shortly after 2:40 p.m. ET. It soon fell below $29. Nasdaq suspended trading on Trump Media for five minutes at 2:42 p.m. ET, a routine cooling period that exchanges are required to impose during times of high volatility. Once trading resumed, Trump Media initially rallied,…

Ripple has announced exchange partners and customers for its USD-denominated stablecoin, Ripple USD (RLUSD). The stablecoin will be available globally to institutions and users on exchanges and platforms such as Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish, Ripple said in a press release on Tuesday (October 15). said. Ripple CEO Brad Garlinghouse said in a release: “The clear utility and demand of our early trading partner, RLUSD, and our strong focus on regulatory compliance make Ripple’s stablecoin a It is poised to become the gold standard for enterprise-grade stablecoins.” Garlinghouse said customers are looking for stablecoins that can…

Gold continues to consolidate in positive territory following last week’s US inflation data. Meanwhile, Bitcoin (BTC) is about to break out of a six-month bull market. Similarly, silver is holding firm below the key level of $32.50, indicating price strength. Thursday’s retail sales data will determine the next move for these products. Gold, silver, and Bitcoin are expected to continue rising amid rising geopolitical and economic uncertainty. Gold (XAU) Technical Analysis Gold Daily Chart – Downward Expansion Wedge Following the release of the US CPI data, the gold market is trading within a downward-expanding wedge pattern. This bullish pattern formed…