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🇺🇸 48% of all institutional donations collected for the 2024 U.S. presidential election are in cryptocurrencies. -CNBC
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Bitcoin (BTC) calm before the storm: “It will be $100,000!” Bitcoin (BTC), approaching its all-time high (ATH), has encountered selling pressure in the short term. Bitcoin ($BTC ), which has been on the rise with the approach of the US presidential election, may be pricing in a Donald Trump victory. The leader of cryptocurrencies, which has been pricing upwards since $65,000, has excited investors. However, this rise in Bitcoin, together with dominance, has created selling pressure on altcoins. Although the altcoin rally has not started yet, a large portion of investors seem hopeful. Bitcoin, which has exceeded $70,000 again after a three-month hiatus, is blinking at the top. BTC, which has managed to maintain $72,000 as support for now, may take off if Donald Trump is elected US president. However, it is necessary to pay attention to volatility during this process. Especially in the futures market, major losses may occur. As of the writing of the news, BTC, which changed hands at $ 72,348, is at an intermediate price. Bitcoin, which is priced very close to ATH, may want to test $ 80,000 with a weekly close above $ 73,684. The $ 80,000 band can serve as an important psychological resistance. In a downward scenario, the support levels to be followed are $ 70,000 - $ 67,091 - $ 64,777 and $ 62,500, respectively. If weekly closes come below the gray box ($ 62,500), the decline will deepen. Michael van de Poppe, known for his cryptocurrency analyses, expressed his striking views on Bitcoin. The analyst, who predicted that BTC would reach $ 80,000 in November, thinks that an increase to $ 90,000 - $ 100,000 will come in December. The level that van de Poppe sees as critical for Bitcoin is 71,679. The pioneer of cryptocurrencies is holding above this price for now, giving confidence to the market. $ETH $BNB #CryptoDeNostradame #ParrotBambooCrypto
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Elon Musk ahead, Dogecoin behind: Is a DOGE rally coming? Dogecoin (DOGE), which gained over 75 percent in October, reached $ 0.172 before the monthly close, reaching its highest level since May 2024. Elon Musk's statements were behind the rise in question. Musk introduced the Department of Government Efficiency agency with the abbreviation DOGE at Donald Trump's New York rally. Crypto investors argued that Musk was trying to bring $DOGE to the forefront again. DOGE, which entered an upward trend under Musk's influence, broke out of a symmetrical triangle formation and opened the doors to a potential rally. In a prepared graphic analysis, it was emphasized that DOGE could achieve a 500 percent increase. If the said rise occurs, the DOGE price could reach $ 2. DOGE, which broke the symmetrical triangle formation that has been active since April 2021, gained significant momentum. Crypto analysts predicted that DOGE would be priced between $1 and $2. Analysts compared DOGE's symmetrical formation breakout to the 2020-2021 period. During the period in question, DOGE price achieved a 31,375 percent increase with a similar breakout. The symmetrical triangle formation, which is frequently used in technical analysis, is interpreted as the beginning of a potential rally. "According to technical calculations, DOGE could reach $1 in 2025. The popular memecoin has the potential to eventually see $2. This means an increase of 500 percent to 1,000 percent from current price levels." Another important indicator supporting DOGE's rise was the Relative Strength Index (RSI). In the RSI, which showed signs of recovery, there were signals that the price would gain a strong rise. According to historical data, the positive outlook in the RSI and the breakout in the symmetrical triangle formations resulted in a bull run. $BTC $ETH #CryptoDeNostradame #ParrotBambooCrypto
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MicroStrategy's Bitcoin move: $42 billion plan. MicroStrategy announced that it aims to raise $42 billion in funds to increase the number of Bitcoin ($BTC ) it holds. MicroStrategy announced a new $42 billion capital plan to expand its strategies for Bitcoin investments. Within the scope of this plan, the company aims to increase its Bitcoin holdings by providing half of its capital from stocks and the other half from fixed-income securities. MicroStrategy announced its third-quarter financial results and stated that Bitcoin returns increased by 5.1 percent during this period. The company's BTC return rate since the beginning of the year was reported as 17.8 percent. This rate is used as a criterion in evaluating the performance of Bitcoin investment strategies. On the other hand, it was reported that MicroStrategy held approximately 252,220 Bitcoins as of September 30. Within the scope of MicroStrategy's newly announced "21/21 Plan", it is aimed to raise $42 billion in capital in the next three years. This capital will consist of $21 billion in equity and $21 billion in fixed-income securities. The company aims to support its asset management strategy by increasing its Bitcoin reserves with this capital raise. In the third quarter, MicroStrategy raised $2.1 billion in equity and debt, increased its $BTC holdings by 11 percent, and reduced annual interest expenses by $24 million. However, the company’s total revenue was $116.1 million, about $8 million below expectations. Total operating expenses for the quarter reached $514.3 million. $412.1 million of these expenses were due to losses on digital assets, and a loss of $432.6 million was incurred from operations. The net loss for the quarter was $340.2 million, or $1.72 per share. #CryptoDeNostradame #ParrotBambooCrypto
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Loads of Ethereum (ETH) withdrawn from exchanges: Is a rise coming? With the withdrawal of 361 thousand Ethereum (ETH) from exchanges, bullish signals increased. The Ethereum ($ETH ) price has increased by more than 7 percent in the last seven days. However, the movements of large investors (whales) continue to remain cautious. From a technical perspective, the EMA lines are in an upward trend. This shows that the momentum may continue. If the uptrend continues, ETH may target higher levels. However, if the trend weakens, critical support levels may be tested. The net transfer volume of ETH to exchanges reached positive values on October 29, and 35,000 ETH was transferred to exchanges. This is usually a situation that indicates selling pressure. Because investors transferring their assets to exchanges may indicate that they are preparing to sell. Increasing supply on exchanges can usually create short-term selling pressure on the price. However, the general outlook paints a different picture. On October 25, 361,000 ETH was withdrawn from exchanges. This was the largest outflow since May 30. Although ETH has increased by 7.54 percent in the last week, whale movements indicate that large holders are still undecided. The number of addresses holding at least 1,000 ETH has continued to decrease since the beginning of October. This number, which was 5,614 on October 1, fell to 5,534 as of October 30. Although there was a short-term increase in the number of whales on October 25 with a large amount of ETH being withdrawn from exchanges, this number is on a downward trend again. It is important to follow whale activity because these large investors can have a critical impact on the market. The decrease in the number of wallets holding more than 1,000 ETH indicates a lack of confidence among large investors, suggesting that potential buying support may be decreasing. $BTC $BNB #CryptoDeNostradame #ParrotBambooCrypto
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We can't believe Binance Blockchain Week has come to an end! What an incredible time it was for Binance Square and our amazing creators! Check out this fun visual recap of Day 2. The absolute highlight was our exclusive Square Creators Meetup, featuring creators from all around the globe – from Brazil to China. What a blast it was! 🌍✨ #BinanceBlockchainWeek
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