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Ethereum hit another high yesterday but failed to break above $2,700. There is hope among holders that the second-most valuable coin has what it takes to regain the $2,800 level, but bulls have yet to show that. So while we are optimistic, only time will tell. For now, the important level to watch going forward has to be the upper end of this range at $2,800, while the support range is between $2,300 and $2,400. As long as the price remains within this zone, Ethereum could continue to build on its gains from the August lows and shake off any…
Chainlink is launching an innovative upgrade called the Chainlink Runtime Environment (CRE), a new platform designed to scale operations across thousands of blockchain networks while providing developers with flexible and customizable workflows. has been introduced. The update, shared through Chainlink’s official Allows you to create workflows based on Modular architecture at the heart of Chainlink’s CRE CRE provides a modular and configurable architecture that allows developers to leverage Chainlink’s capabilities in unique ways. Chainlink allows developers to separate the fundamental functionality of oracle networks, such as blockchain reads and API calls, into separate modules, allowing developers to integrate these functionality…
Cryptocurrency exchange Coinbase has announced an additional $25 million commitment to FairShake, a nonpartisan super PAC dedicated to supporting crypto interests in US politics.The publicly traded company also outlined plans to strengthen its grassroots advocacy group Stand with Crypto, aiming to grow its membership to 4 million people by the 2026 midterm elections.Coinbase explained in a blog post Wednesday that this initiative is important to ensure representation for the 52 million Americans involved in digital assets. Coinbase’s donation is similar to a similar 2,500 donation made in June as it seeks to influence U.S. politics in favor of an industry…
Skybridge Capital CEO Anthony Scaramucci says it’s not too late for investors to jump on the Bitcoin BTC/USD boat as major cryptocurrencies near all-time highs. suggested. What Happened: On Tuesday, Scaramucci, an avid Bitcoin supporter, encouraged those who feel they missed out on the cryptocurrency’s recent surge to think again. He writes: “If you see Bitcoin hitting new all-time highs and think you’re late to the ride, you’re not. In my opinion, it’s still very early.” For investors looking to add exposure to Bitcoin, Scaramucci advised MicroStrategy CEO Michael Saylor, “Bitcoin Bull Case” author Vijay Boyapati, and founder Eric Voorhees.…
Bitcoin outperformed Ethereum in price appreciation and ETF inflows, highlighting BTC’s market dominance. Markets were keenly watching Ethereum’s possible comeback amid Bitcoin’s rally and divided traders. The cryptocurrency market is currently experiencing a significant rally reflecting bullish sentiment for most tokens. According to CoinMarketCap, the global cryptocurrency market capitalization increased by 1.61% in the past day to reach $2.44 trillion. Most cryptocurrencies are showing positive momentum, with bullish movements outweighing bearish trends. However, a few exceptions such as Solana (SOL) and Binance (BNB) experienced slight setbacks. Bitcoin vs Ethereum Amid these market trends, a unique trend has emerged between Bitcoin…
Robinhood Markets Inc. HOOD reported a doubling of cryptocurrency trading volume in the third quarter. What Happened: The company released a financial report after the closing bell on Wednesday, revealing that notional trading volume in cryptocurrencies was $14.4 billion, up 112% from last year. Chief Financial Officer Jason Wernick said on an earnings call that notional value is expected to exceed the $5 billion mark in October alone, exceeding the monthly average for the third quarter. Cryptocurrency-related revenue rose 165% year-over-year to $61 million due to a surge in trading volume. Total revenue for the quarter was $637 million, missing…
As the cryptocurrency market maintains its bullish strength, many major Bitcoin indicators have shown strong and optimistic trends in recent weeks, which could have a positive impact on the price and continue to grow in the coming days. signals a promising outlook for Bitcoin during the day. Significant growth in Bitcoin futures premium Bitcoin’s annualized futures premium, a key indicator that often gives bullish signals, has risen significantly over the past few weeks. Cryptocurrency enthusiast and analyst James Van Straten shared positive developments on the X (formerly Twitter) platform, which caught the attention of the crypto community. It is worth…
XRPUSD 311024 daily chart Bitcoin plummets after US labor market data BTC joined XRP in negative territory on Wednesday, falling below the $73,000 handle. Better-than-expected US labor market data dampened expectations for a 25 basis point rate cut by the Federal Reserve in December, impacting BTC demand. ADP reported that employment rose by 233,000 in October, up from 159,000 in September. Economists had expected a more modest increase of 115,000 people. Tighter labor market conditions could lead to higher wages, accelerating consumer spending and demand-driven inflation. A higher outlook for inflation could make the Fed’s interest rate path less dovish.…
In a surprising move, Reddit announced a significant sale of its Bitcoin and Ethereum holdings in the third quarter of 2024, saying in an SEC filing that the financial impact would be minimal. This significant crypto withdrawal comes as Reddit reconsiders the Treasury Department’s approach amid a challenging economic environment. Reddit sells most of its crypto holdings in Q3 Social media network Reddit liquidated most of its crypto assets in the third quarter of 2024, according to a recent filing with the Securities and Exchange Commission (SEC). Government-owned Bitcoin and Ether were the main sources…
Ethereum founder Vitalik Buterin has just ceded the top cryptocurrency spot to Dogecoin, the world’s first and largest meme-based cryptocurrency. Buterin said Dogecoin deserves to be ranked right behind Bitcoin (BTC), highlighting the meme coin’s importance and unique cultural impact in the crypto space. Buterin ranks Dogecoin among the top two cryptocurrencies Teslan, a member of the X (formerly Twitter) cryptocurrency community, recently released a video featuring Buterin in an exclusive interview. During the interview, the Ethereum founder surprisingly endorsed Dogecoin, declaring that it deserves to be ranked second as the most prominent cryptocurrency after Bitcoin. This unexpected support caught…