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Dogecoin DOGE/USD soared on the price charts on Monday, emerging as the best-performing $1 billion market cap cryptocurrency over the past 24 hours. What Happened: As of this writing, “Original Meme Coin” is up over 15%, with 24-hour volume soaring 184%. Dogecoin was the 8th most traded cryptocurrency and the most traded meme token in the past 24 hours. The rise comes after Tesla and SpaceX CEO Elon Musk grandly introduced him as the “co-founder of the Department of Government Efficiency (DOGE)” during Donald Trump’s rally at Madison Square Garden. There is a high possibility that it was spurred on.…

Robinhood announced on Monday it would begin offering U.S. presidential election event contracts as demand for speculative trading products grows among retail investors, according to Reuters. The new feature allows users to profit from speculating on the race between Vice President Kamala Harris and former President Donald Trump, with recent polls showing that Harris is within the margin of error. is shown to be in the lead by a small margin.Robinhood shares rose 4% following the announcement. The company said it would begin rolling out the U.S. election deal to a limited number of users, who must be U.S. citizens.Event…

Basic crypto briefly led more than 30% of daily stablecoin transactions. There was also a significant increase in TVL and overall transactions. The underlying cryptocurrency has seen a surge in activity recently, marking significant milestones in several key metrics in October this year. Recent data highlights that stablecoin trading on Base has reached record levels, surpassing other major platforms in volume and cementing its growing influence. Basic Crypto Stablecoin Volume Reaches New Heights According to Artemis data, Base crypto briefly achieved the highest daily stablecoin trading volume, surpassing established platforms such as Solana, Ethereum, and Tron. More than 30% of…

Bitcoin traders are bracing for increased volatility as the Nov. 5 U.S. presidential election approaches, with price fluctuations expected to be as high as 20%, according to data from DeFi derivatives platform Derive.“Our latest trading analysis reveals some compelling insights into market dynamics as we approach key financial events,” Derive founder Nick Forster said on Monday. told Decrypt.The data shows a concentration of bets around the $80,000 Bitcoin strike price and strong short-term call selling as traders use option premiums to protect against possible price movements. It shows that there is.According to CoinGecko, Bitcoin briefly topped $70,000 on Monday, reaching…

The Ethereum whale in the 2014 ICO recently sold 3,000 ETH for approximately $7.64 million on October 24, 2024, following a sale of 7,000 ETH in July when the price fell by 15%. After this latest transaction, the whale still holds approximately 37,070 ETH, worth approximately $93.8 million. Initially, they acquired 254,908 ETH for just $79,000, bringing their current total amount to over $646 million. Since this recent sell-off, the price of Ethereum has fallen by approximately 2.15%. Signal of a bearish outlook: Ethereum’s Coinbase Premium Index is negative The negative ETH Coinbase Premium Index, currently at -2,…

Important points Ford shares fell 6% in after-hours trading Monday after the automaker reported third-quarter profits that fell short of Wall Street expectations and cut its full-year outlook. The stock is consolidating within an ascending triangle, and if this chart pattern forms, it could signal a decline. Investors should keep an eye on the key support levels near $9.50, $8.70, and $7.50 on the Ford chart. A breakout above the major resistance level at $11.30 could catalyze a bullish trend reversal. Ford (F) shares rose after the company reported third-quarter profits that fell short of Wall Street expectations and cut…

Darius Baruo October 29, 2024 01:34 Explore the key differences and similarities between USDT, USDC, and FDUSD stablecoins, their impact on the market, and why BNB Chain is the ideal platform for these digital assets. Stablecoins have become a staple of the cryptocurrency ecosystem, providing a stable alternative to volatile digital currencies like Bitcoin (BTC) and Ethereum (ETH). According to the BNB Chain Blog, USDT, USDC, and FDUSD are among the most prominent stablecoins, each with unique features and roles in the market. Understanding stablecoins Stablecoins are digital assets that are pegged to stable…

Major cryptocurrencies soared on Monday, with Bitcoin topping $70,000 for the first time in nearly five months. Cryptocurrency Gain +/- Price (Recorded at 8:30pm EDT)Bitcoin BTC/USD+2.66%$69,676.63Ethereum ETH/USD +1.26%$2,535.14 Dogecoin DOGE/USD +14.54%$0.1641 What happened: The world’s largest cryptocurrency broke through the elusive level late in the evening, riding on strong momentum from the weekend. According to data from CoinMarketCap, BTC hit a high of $70,212.27 during intraday trading. It is pertinent to mention that apex coin is currently trading almost 5.3% below its all-time high of $73,750.07, set eight months ago on March 14, 2024. Ethereum also rose to $2,585 after…

VICTORIA, Seychelles, October 28, 2024 (Globe Newswire) — Bitget, the world’s leading crypto exchange and Web3 company, releases its Q3 2024 Transparency Report, highlighting user growth, We introduced significant progress in our token offering, strategic initiatives. Bitget has strengthened its position as one of the top global players in the cryptocurrency industry with a focus on improving financial accessibility and advancing blockchain technology. Key highlights of Q3 2024: Number of users exceeds 45 million, strengthening market position In the third quarter of 2024, Bitget will have over 45 million registered users worldwide and become the fourth largest cryptocurrency exchange by…

Sen. Warren’s U-turn to BTC coincides with a broader shift in sentiment toward cryptocurrencies on Capitol Hill. Both US presidential candidates have expressed varying degrees of support for digital assets, putting anti-cryptocurrency forces in unfamiliar territory. Could the next U.S. president influence SEC appeals? The SEC and Ripple’s appeals coincide with a critical moment in U.S. politics. The SEC must file appeal-related opening briefs several days before Inauguration Day. If the Republicans win, SEC Chairman Gary Gensler’s term as SEC chairman will likely be shortened. Donald Trump promised to fire Gensler on his first day in office. However, US Vice…