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The Bitcoin (BTC) market has been in turmoil over the past 24 hours following a series of reports of problems. During this period, the cryptocurrency market leader recorded a notable decline, with the price falling below the $66,000 price mark. However, a cryptocurrency analyst with the username Luca hypothesizes that this recent price drop could be due to other factors besides news events. Bitcoin crash was caused by an overleveraged market, not a news event: Analyst On Friday, the Wall Street Journal reported that Tether is under investigation by US authorities over possible misuse of the USDT stablecoin in crimes…
The evolving Shiba Inu ecosystem and potential transition to decentralized governance makes a compelling case for those interested in meme coins. Ripple’s institutional interest and potential ETF offering make it a solid choice for investors looking for long-term growth in the crypto sector. Shiba Inu and Ripple offer a unique investment opportunity in the cryptocurrency space. SHIB leverages a community-driven approach to expand its ecosystem, while XRP strengthens its position as a trusted cryptocurrency for institutional use. As the demand for these cryptocurrencies continues to grow, several factors contribute to their potential as long-term investments. Why Shiba Inu dogs are…
Ripple is at $0.5154, up 1.02% in the past 24 hours. It has hit resistance from the downtrend line at $0.5170, preventing further upside.The 50 EMA at $0.5195 is also holding back the top on the 2-hour chart.The RSI is at 48.79, just below the 50 milestone. There is not much buying momentum as the RSI is struggling to get above 50.A strong buying impulse is needed to break out of the trend line at $0.5170 and the 50 EMA at $0.5195. Otherwise, Ripple will get stuck within this range. Resistance Levels: The major resistance is $0.5170, followed by $0.5195…
Oklo (OKLO), the nuclear power company backed by Sam Altman, has been booming on the stock market over the past month as investors focus on nuclear energy as the next big AI trade. Shares of the company, which designs so-called small modular nuclear reactors (SMRs), have soared nearly 140% in the past month as big tech companies’ interest in nuclear power increases. SMRs are designed to produce energy that is cheaper, faster, and more environmentally friendly than traditional nuclear facilities. In mid-October, Amazon (AMZN) and Google (GOOG) announced significant investments in SMR projects to balance climate change goals with the…
Shibetoshi Nakamoto (Billy Marcus, Dogecoin co-founder) has once again caused a stir on Twitter after claiming that the US Department of Justice (DOJ) is being political in its actions against big names like Trump and Elon Musk. are.He said the Justice Department was using dictatorial regime tactics. This comes after Kamala Harris tweeted that Trump would “weaponize” the Justice Department if re-elected.Marcus said the current administration is already using the Justice Department against its political opponents, citing Trump and Musk as examples. He argues that these actions are authoritarian, used by government institutions to silence dissent. Marcus on the Justice…
Amid bearish conditions in the cryptocurrency market, Wuffi has emerged as the top gainer with a 50% rise in the past 24 hours. The overall market capitalization of cryptocurrencies plummeted by almost 1.4% in the past 24 hours. According to CoinGecko, the global cryptocurrency market capitalization is $2.38 billion at the time of writing. Bitcoin (BTC) and Ethereum (ETH) are showing no signs of movement on this time frame. Bitcoin is down more than 2.1% over the past seven days, and Ethereum is down almost 7% during this period. However, few meme coins are outperforming the overall market situation amid…
Huge dividend yields can be dangerous. Double-digit dividend yields often indicate a company is in deep trouble, and a series of solid dividend increases cannot drive the stock price higher. At the same time, an automated teller machine business can fuel payments from excess cash flow, which can result in sustained high yields for many years. Fortunately, there are some perfectly healthy high-dividend stocks on fire right now. Read on to learn how International Business Machines (NYSE: IBM) and Darden Restaurants (NYSE: DRI) fit into today’s income-oriented stock portfolios. The average American savings account has an annual yield of about…
18:05 ▪ 3 min read ▪ Written by Luc Jose A As America’s debt soars to unprecedented levels, Musk warns of the dangers the situation poses to global economic stability. Beyond its impact on the United States, this crisis could have a domino effect on financial markets, particularly on Bitcoin, which is often seen as a haven from economic uncertainty. Debts have exploded America’s debt, a growing structural problem, hit a new record with interest accruing this year at $357 billion. Elon Musk has declared that “increasing national debt is unsustainable.” The numbers are staggering. This debt currently exceeds US…
Ethereum (ETH) price recently fell by 10% after an attempt to establish $2,700 as a support level failed. Despite these setbacks, the altcoin has managed to stay above the uptrend line for the past two months, a feat largely supported by strategic whale activity. With large amounts of capital leveraged, these high-net-worth investors may hold the key to a possible reversal. Panic among Ethereum holders Ethereum has seen significant profit-taking recently, with realized profits hitting a two-month high. This spike indicates that many ETH holders have chosen to cash out their previous gains, contributing to the recent price movements. The…
Paolo Ardoino, CEO of stablecoin issuer Tether, has denied rumors that his company is under investigation by federal agencies. In a post on social media platform I mentioned the press. According to a report from the WSJ, the Manhattan federal prosecutor’s office is investigating whether Tether’s USDT is being used by bad actors to finance illegal activities or launder the proceeds of criminal activity. The report also claims that the Treasury Department is considering the possibility of sanctioning Tether due to the “extensive use” of USDT among companies that are subject to U.S. sanctions. In response, Ardoino said the Journal…