Author: admin

Crypto strategists who accurately judged Bitcoin’s pre-halving correction this year believe that BTC is undergoing a technically sound breakout process. Pseudonymous analyst Recto Capital told his 507,000 followers on social media platform X that Bitcoin is in the process of converting a key resistance level into support. “The old downtrend is now acting as support. It looks like a textbook post-breakout confirmation. ” Source: Rekt Capital/X The analyst says Bitcoin needs to close this week above two key levels to ensure a breakout. “A bullish weekly close will be above approximately $66,300 (black channel high). A very bullish week’s close…

American companies already dominate global stock markets in terms of size. This trend is largely expected to continue, according to a new chart from JPMorgan Asset Management. The company attributes the boom to artificial intelligence. In JPM’s 2025 Long-Term Capital Market Assumptions released on Monday, the team predicted that the market capitalization share of U.S. companies in total global stock markets will decline from 64% now to 60% in 2037. . The United States (green) will maintain a significant lead over China (red), the estimated second-largest global stock market share. Monika Issar, global head of multi-asset and portfolio solutions at…

Bitcoin is currently trading at $66,800 after a week of wild swings. Prices have stabilized above the key support level of $65,000, showing resilience as the market takes a breather after weeks of heightened excitement. This consolidation phase below the important $70,000 mark suggests that BTC may be preparing for its next big move. CryptoQuant data reveals that demand for Bitcoin remains strong even as momentum slows. This strong demand is a positive indicator and suggests that market participants are accumulating BTC at current levels in anticipation of further upside potential. Analysts are interpreting this data as an indication that…

Recently, Paradigm’s Georgios Konstantopoulos suggested that even developers in the cryptocurrency space are not leveraging blockchain’s full potential, citing self-service onboarding, user signature requests, and stablecoins. An interesting discussion about the underutilization of the cryptocurrency market and space emerged when I suggested underutilization. Authentication has the potential to be democratized through decentralized platforms.Ethereum (ETH) founder Vitalik Buterin joined the discussion by highlighting Ethereum’s founding philosophy. He likened Ethereum addresses to the principle of “text as a universal interface,” positioning ETH addresses as a universal tool for authorization across the blockchain ecosystem and placing it behind major alternative blockchains. I called…

BlackRock has reached a new milestone in its Bitcoin holdings, totaling over 400,000 BTC. Currently, the hedge fund’s holdings are valued at approximately $26.98 billion, with a total of 403,725 BTC. This big accumulation comes as the asset management giant purchased an additional 34,085 BTC in the past two weeks, with an estimated value of around $2.3 billion, Lookonchain reports.With continued inflows into Bitcoin ETFs, BlackRock is increasing its presence in the crypto market, making it a dominant force. This shows that Bitcoin ETFs are becoming a great way for institutional investors to own BTC. As the company increases its…

This week will focus on big tech earnings, US employment data, and PCE inflation data. Meta is positioned to deliver strong results, benefiting from a favorable digital advertising environment and the successful integration of AI across its platforms. Intel continues to face significant operational and financial challenges, calling into question its ability to compete effectively in the semiconductor market. Looking for more practical trading ideas? Get access to InvestingPro for less than $8 per month! U.S. stock markets closed mixed on Friday, with the tech-heavy Nasdaq Composite Index hitting a new record amid gains in large-cap tech stocks. Only the…

Dogecoin (DOGE) recently showed signs of golden cross formation. According to cryptocurrency analyst Trader Tardigrad, activity around DOGE’s 10-week weighted moving average (WMA) signals a possible change in the market landscape for the famous meme coin. #Dogecoin is running about 10 wma (weighted moving average), which suggests that: $Doge Doing something different 🔥On the weekly chart, there were two false breaks 🔴 in May and July 2024, and the downtrend continued after that ⬇️Now we are seeing signs of ⚪ breakout, 🟢 follow through… pic.twitter.com/ym2bJmBU0A— Trader Tardigrade (@TATrader_Alan) October 26, 2024 Trader Tardigrade’s analysis reveals key moments in DOGE’s recent…

A prominent Russian influencer widely known as the “Queen of Cryptocurrency” is under investigation for allegedly defrauding investors of $22 million. According to various reports in the Russian media, Valeria Fezyakina, who made a name for herself as “Bit Mom,” is accused of running a pyramid scheme that ensnared multiple victims in just two months. There is. The four victims lost $22 million. The 24-year-old was arrested just over a year ago after a lengthy investigation prompted by numerous complaints from investors. According to reports, some of her victims claim to have lost an astonishing amount of money, with some…

The cryptocurrency market took a bearish turn around the end of October, causing concern among investors hoping for a rally in the fourth quarter. Most major cryptocurrencies may witness recovery trendline stalling, but Ethereum price could see a bullish reversal on the back of major support and Vitalik Buterin’s views on decentralized staking grants expensive. At the time of writing, ETH price is trading at $2,470, with an intraday loss of 0.5%. The market capitalization continued to be $297.02 billion. Will Vitalik Buterin’s staking grant push Ethereum price to $3,000? In response to growing questions about the Ethereum Foundation’s recent…

Ralston Maximus, a trader with decades of market experience, believes some of the most ambitious XRP price targets are not unreasonable in this bull market.He expressed this bold perspective in a post about X, responding to critics who questioned his bullish goals for XRP. Maximus initially sparked a conversation by stating that XRP influencers had “ruined” their lives by promoting overly optimistic price targets.Critic @Phoddler pointed out that Maximus himself is guilty of a similar crime, highlighting his previous prediction for XRP of $35.However, Maximus countered that he is a long-term XRP trader and is very bullish on the asset.…