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Recent data suggests a notable change in Ethereum market dynamics, with large holders reducing their positions, although overall sentiment remains cautiously optimistic.ETH Whale Holdings falls amid heavy gainsAccording to a recent report, the number of Ethereum whales (defined as addresses holding 10,000 ETH or more) has decreased by more than 7% since July. This significant decline in large holdings may indicate a change in strategy among high-net-worth investors, which could impact Ethereum’s long-term market outlook.Despite the decline in whale activity, data from IntoTheBlock reveals that 62% of Ethereum holders are still making profits. This suggests that although there has been…
Meme coins surged on Sunday, with major coins topping the list of daily crypto gainers. What happened: Dog-themed token Dogwifhat surged more than 16%, becoming the second-best performing cryptocurrency in the past 24 hours. The Solana SOL/USD-based coin has soared to its highest level since July 23rd, with a massive 75% increase in trading volume. Cat-themed PopCat followed suit, rising more than 15% to a new all-time high. The cryptocurrency soared more than 40% last week, posting a staggering 15,398% gain, making it the market’s biggest gainer this year. Cryptocurrency Gain +/- Price (Recorded at 10:45 PM EDT) dogwifhat WIF/USD+16.82%$2.66Popcat…
One of the best measures of demand for cryptocurrencies suggests that some Chinese investors are moving away from digital assets and back into the country’s surging stock market. Tether’s USDT discount reflects panic among traders exchanging digital assets for fiat, reflecting a trend among Chinese investors to reallocate funds to the booming stock market, especially following a surge in the Shanghai Composite Index. suggests. (Reuters) Although China banned crypto trading in 2021, many mainland residents continue to use overseas accounts and exchanges to buy and sell digital currencies, with the aim of circumventing capital controls and moving assets abroad. I…
That said, the early Uptober got off to a rocky start. However, a bull market could start any time six months after the Bitcoin halving. Dogecoin offers a viable investment opportunity for medium-risk investors looking to diversify with meme tokens, while more ambitious investors can expect 100x returns as early as Q1 2025. I am routinely drawn to the Lunex Network. Dogecoin is doing well considering the sudden market crash Recent international events have put Dogecoin’s parabolic rise in jeopardy, halting the meme boom in late September. Although it’s still too early to tell, some analysts believe Uptober has been…
Major cryptocurrencies rose Sunday night as investors remained optimistic following solid jobs data. Cryptocurrency Profit +/- Price (Recorded at 8:45 PM EDT)Bitcoin BTC/USD+2.51%$63,448.35Ethereum ETH/USD +3.17%$2,485.32 Dogecoin DOGE/USD +3.53%$0.113 What happened: Bitcoin rose steadily throughout the day, quickly rising to nearly $64,000 late in the evening. The world’s largest cryptocurrency attempted to recover from last week’s losses, which were exacerbated by geopolitical tensions. The late-night rally also sent Ethereum soaring to $2,490, up from a drop of more than 5% the previous week. In the past 24 hours, total crypto liquidations reached nearly $112 million, with downside bets being the most…
President Trump promised to fire Gensler on day one, fueling speculation within the XRP community that the SEC could drop the appeal if Gensler is fired. XRP community member JacktheRippler posted on X. “Donald Trump says: ‘On day one I will fire Gary Gensler and appoint a new SEC Chairman!’ If Trump wins this year’s election, SEC vs. Ripple will automatically end. ” Pro-crypto lawyer Fred Rispoli recently outlined a possible timeline for the SEC’s appeal in the Ripple case. Specifically, Rispoli expects the SEC to seek a 30-day extension and file an appeal brief in January 2025. If Ripple…
(Bloomberg) — Asian stocks rose as better-than-expected U.S. jobs data underlined the health of the world’s largest economy and boosted optimism for a soft landing.Most Read Articles on BloombergAustralian, South Korean and Japanese stock benchmarks all rose on Friday’s rise in the S&P 500 index, while U.S. Treasury yields rose as traders cut bets on the Federal Reserve cutting interest rates. The yield on the U.S. 10-year Treasury rose another basis point on Monday, moving it closer to a key milestone of 4%.The trade is shaped by signs of resilience in the U.S. economy, after U.S. employers added the most…
Israel-Iran war: Indian oil stocks came under selling pressure in weekend trading as tensions in the Middle East escalated due to the Israel-Iran war. Rising crude oil prices are also a reason why oil stocks are selling hot. Low trading levels of the Indian rupee (INR) also reduce the ability of Indian oil producers to buy power from global commodities. Stock market experts therefore predict that oil stocks listed on Dalal Street will fall further. However, they also said that the decline in oil stocks could signal a rapid recovery once tensions in the Middle East ease, and advised medium…
Stock market today: The Nifty 50 index ended 4.4% lower from the previous week due to the sharp market decline due to the Israel-Iran war. Sensex also ended with a similar decline at 81,688.45. Metals and IT had the highest rate of increase, while real estate and automobiles had the highest rate of decrease. Bank Nifty also ended at 51,462.05, down 4.6% from the previous week. The mid-cap index fell by about 3.1%, while the small-cap index fell by 1.8%, outperforming large-cap stocks. Monday trading setup Last week, Nifty bucked several weeks of gains and fell. Deepak Jasani, head of…
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