#BTCBreaks100K? #SOLHitsATH #COSSocialFiRevolution #EyesOnBTC $BTC

Bitcoin Hits Record High Amid Regulatory Optimism Under Trump’s New Administration
Bitcoin reached a new record high on Friday, nearing the $100,000 mark. The cryptocurrency’s rally has been fueled by expectations of a more favorable regulatory environment under U.S. President-elect Donald Trump.

Bitcoin’s value has more than doubled this year and surged by 45% in the two weeks since Trump’s election victory, which also saw the election of crypto-friendly lawmakers to Congress. Currently, Bitcoin is trading at $99,380, up 2% in the last 24 hours and on track for its best monthly performance since February. The crypto market has added over $1 trillion in value since Trump’s November 5 election win.

Regulatory Changes Drive Optimism Amid Strong Demand
Gary Gensler, the head of the U.S. Securities and Exchange Commission (SEC), announced plans to step down on January 20, coinciding with the start of Trump’s term. Gensler’s tenure included a crackdown on cryptocurrencies, raising hopes for improved regulatory conditions under the new administration.

Trump’s transition team is also considering creating a White House position dedicated to digital asset policies. Meanwhile, major companies like Charles Schwab and MicroStrategy are preparing to deepen their involvement in cryptocurrencies. Schwab plans to offer crypto trading services once new rules are in place, while MicroStrategy continues to make significant Bitcoin purchases.

The $100,000 Milestone: A Key Psychological Level
Analyst Chris Weston of Pepperstone highlighted several drivers for the rally, including Gensler’s resignation, strong inflows into exchange-traded funds (ETFs), and the role of options in pushing prices higher. However, he emphasized that $100,000 is a significant psychological barrier for the market.

This surge positions Bitcoin for a potentially historic milestone as it approaches the end of a remarkable year for cryptocurrencies.

Bitcoin Price Rises by the End of the US Session

Bitcoin is currently trading at $92,126.4, up +0.92% in the last 24 hours. Its market capitalization now stands at $1.83 trillion, according to Investing data. Bitcoin remains the most dominant cryptocurrency with a 58.8% market share, followed by Ethereum with a 12.2% market share. Based on today’s closing price, Bitcoin has risen by +3.92% over the past 7 days, while the leading altcoin, Ethereum, has dropped by -5.4% during the same period.

Prices of Popular Cryptocurrencies:

• Solana: Current price: $236.060, movement: -0.97%
• Binance Coin: Current price: $609.25, movement: -1.51%
• Ripple (XRP): Current price: $1.0812, movement: -2.85%
• Dogecoin: Current price: $0.387786, movement: +3.91%
• Shiba Inu: Current price: $0.00002458, movement: +0.02%
• Cardano: Current price: $0.7257, movement: -2.17%

Stocks Related to Cryptocurrencies:

The movement of cryptocurrencies has directly impacted the prices of Bitcoin mining stocks and stocks with high exposure to Bitcoin and other digital currencies:

• Coinbase Global Inc. (COIN): Closing price: $324.57, performance: -0.3%
• MicroStrategy (MSTR): Closing price: $430.56, performance: +11.9%
• Marathon Digital Holdings (MARA): Closing price: $19.86, performance: +9.8%
• PayPal (PYPL): Closing price: $84.09, performance: -0.7%
• Block (SQ): Closing price: $92.42, performance: +1.8%$BTC $ETH $SOL #MarketDownturn #

Robert Kennedy Converts Most of His Wealth to Bitcoin: What’s Next for the Cryptocurrency?$BTC

Robert F. Kennedy Jr. revealed that 70% of his wealth is now in Bitcoin, reinforcing his advocacy for the cryptocurrency as a hedge against inflation and a symbol of financial freedom. Referring to Bitcoin as the “currency of freedom,” Kennedy’s actions signal his strong commitment to decentralized financial systems.

Ripple’s Daily Surge and Market Performance
Ripple (XRP) traded at $1.1419 against the dollar on Monday at 07:56 (04:56 GMT) on the Index, rising 10.30% daily—the highest daily increase in a long time. This upward movement pushed Ripple’s market capitalization to $64.4433 billion, making up 2.11% of the total cryptocurrency market. At its peak, Ripple’s market cap reached $83.4407 billion.

Over the last 24 hours, Ripple traded within a range of $1.0540 to $1.1420. During the past week, Ripple showed consistent growth with notable percentage increases. Its 24-hour trading volume stood at $10.8221 billion, accounting for 7.16% of the total cryptocurrency trading volume. Over the last seven days, Ripple traded in a range of $0.5984 to $1.2608.

Other Cryptocurrencies’ Performance

• Bitcoin (BTC): Traded at $90,469.5, up 0.10% daily. Its market cap was $1.791 trillion, representing 58.70% of the total cryptocurrency market.
• Ethereum (ETH): Traded at $3,101.99, down 0.35% daily. Its market cap was $373.810 billion, or 12.25% of the total cryptocurrency market.

Bitcoin Experiences Its Largest Weekend Drop Since U.S. Elections
Bitcoin saw its steepest two-day decline over the weekend since the U.S. elections, reflecting caution in global markets. Traders are evaluating the potential impact of President-elect Donald Trump’s policies on markets. Cryptocurrencies fell by about 3% on Saturday and Sunday but recovered some losses, trading near $92,000 on Monday, up nearly 1% in the last 24 hours. This comes amid uncertainty about how soon Trump might fulfill promises related to cryptocurrencies, such as creating a U.S. Bitcoin reserve and the feasibility of such plans.

Bitcoin Price Could Exceed $200,000
Although Bitcoin (BTC) remains below six figures, a research firm predicts its price could more than double from its current $90,000. According to a BCA Research report, Bitcoin’s ultimate target could surpass $200,000. This projection is based on the “260-day fractal dimension complexity,” a measure of price pattern changes. The indicator, currently well above 1.20, suggests a bullish trend, as drops below this threshold typically signal market peaks. The report suggests that prices may cross $200,000 as this indicator declines.

About the Fractal Dimension
The “fractal dimension” analyzes recurring patterns observed in nature and mathematics, applied here to financial markets. By studying patterns in Bitcoin’s price over 260 days, analysts identify trends and make forecasts.

$BTC $DOGE

Cryptocurrency markets experienced a slight decline during Thursday evening trading in the U.S., following comments from Federal Reserve Chair Jerome Powell. Speaking at a conference in Dallas, Powell stated, “The economy is not sending any signals that would push us to rush into rate cuts. The current economic strength allows us to make decisions cautiously.”

Bitcoin (BTC) dropped 1.5% to $88,300 immediately after Powell’s remarks and continued declining to $88,000 at the time of writing, marking a 3.2% decrease over the past 24 hours. Ethereum (ETH) saw a similar drop, while the broader CoinDesk 20 Index rose by 0.5%, driven by a 13% surge in #Ripple (XRP). This increase might be linked to SEC Chair Gary Gensler’s potential resignation hinted at in a Coindesk report following Trump’s victory.

According to the CME FedWatch Tool, the likelihood of a rate cut for the Federal Reserve’s December meeting fell from 83% to 62% after Powell’s speech. Traditional markets also felt the pressure, with the Nasdaq dropping 0.75% to hit its session low near the close.

Despite these slight declines, cryptocurrency markets remain significantly up in recent weeks. Bitcoin has gained 15% over the past week, while assets like Cardano (ADA), Ripple (XRP), NEAR, and XLM have seen increases ranging from 20% to 40%.

Summary:

• Jerome Powell’s cautious remarks on rate cuts led to slight declines in crypto and traditional markets.
• Bitcoin fell 3.2% in 24 hours to $88,000; Ethereum also declined.
• Ripple (XRP) surged 13%, possibly due to reports of SEC Chair Gensler’s potential resignation.
• Rate cut probabilities for December dropped from 83% to 62%.
• Cryptocurrencies remain strong overall, with Bitcoin up 15% weekly and some altcoins seeing gains of up to 40%.

$BTC #MarketDownturn

Gold coins bearing the Bitcoin logo stacked inside a bank vault.
Bitcoin (BTC) may face significant challenges to become an asset that can be used for reserves. Key obstacles include regulatory ambiguity, operational requirements, and limited supply. In a post-election panel hosted by global financial services group Nomura, participants discussed the effects of Donald Trump’s re-election on the economy and markets, including Bitcoin’s potential role and the challenges it may face to meet the requirements for use as a reserve asset.

Nomura’s Post-Election Economic and Market Panel Discussion
Participants in Nomura’s panel highlighted the regulatory and operational obstacles Bitcoin may face if its use as a reserve asset is considered under the new administration. Greg Hertrich, head of U.S. deposit strategy at the group, emphasized that regulatory ambiguity remains a key barrier due to the lack of a framework defining Bitcoin’s role in the financial system

$BTC #MarketDownturn

The cryptocurrency market is gradually regaining momentum, presenting increased opportunities for profit and trading, as the market trends toward gains. Recently, a bullish sentiment has dominated the market, leading to heightened trading activity and an optimistic outlook overall. Many investors have seen significant profits, including one who turned a $1.2 million investment into $9.36 million thanks to the rising price of the PENDLE coin and the overall upward trend.

Bitcoin’s Price Rise and Positive Indicators of Further Growth

Bitcoin recently achieved a record high of $89,000, with forecasts suggesting it could reach $100,000 or more by year’s end. This surge has placed Bitcoin ahead of silver in asset value, ranking it as the 8th largest asset worldwide, reflecting positive performance.

Investor Gains 6.8x Returns with PENDLE Coin

With the global cryptocurrency market cap reaching $3 trillion, the sector is clearly thriving. One digital investor saw returns of approximately 6.8 times their initial investment through PENDLE’s price surge. According to analytics platform Spotonchain, the investor bought 1.595 million PENDLE tokens between July 29 and November 11, 2023, at an average cost of $0.752 per token. As PENDLE’s value rose nearly 400% over the year, this investor gained a total of $7.16 million and held an additional 300,000 tokens valued at $1.7 million, bringing the total value of their holdings to $9.36 million and reflecting a 680% return.

Summary of the Latest Cryptocurrency Market Update:

• Bitcoin: The price rose slightly by +0.01% over the past 24 hours, currently trading at $76,514.4. Its market cap now stands at $1.53 trillion, with Bitcoin dominating the market at 60.0%. Bitcoin’s price has seen an +11.51% increase over the past week.
• Ethereum: Ethereum holds a 14.0% market share and has gained +17.87% over the past seven days.

Current Prices of Major Cryptocurrencies:

• Solana: $198.465 (+0.68%)
• Binance_Coin : $594.12 (-1.12
• Ripple (XRP): $0.5497 (-1.31%)
• Dogecoin: $0.195698 (+1.49%)#
• Shiba Inu: $0.00001876 (+1.35%)
• Cardano: $0.43866 (+10.56%)

Related Stock Performances:

• Coinbase Global (COIN): Closed at $269.50, up by +5.5%.
• MicroStrategy (MSTR): Closed at $266.18, down by -1.7%.
• Marathon Digital Holdings (MARA): Closed at $19.13, down by -0.9%.
• PayPal (PYPL): Closed at $82.99, up by +2.0%.
• Block (SQ): Closed at $74.51, down by -1.0%.

This update reflects how the cryptocurrency market and major related stocks have performed recently.

Breaking: Green Wave Sweeps Crypto Market as Bitcoin Surpasses $76,000

Trump’s Promises for Cryptocurrencies
Donald Trump has pledged to transform the U.S. into a global hub for cryptocurrencies, establish a strategic Bitcoin reserve, and appoint pro-crypto regulators if he returns to the White House. In contrast, Vice President Kamala Harris has taken a more cautious stance, advocating for a regulatory framework for the industry. The Biden administration has been known for its strict measures against the crypto sector.$BTC

Trump’s Early Election Lead Fuels Hopes for Bitcoin Reaching New Heights at $75,000

Bitcoin Price Analysis
The price of Bitcoin (BTC) surged beyond $74,500 with early reports showing Donald Trump gaining traction in the U.S. presidential election, sparking optimism among crypto investors. They hope that Trump’s pro-crypto stance, including his pledge to dismiss SEC Chair Gary Gensler, might ease regulatory pressure on Bitcoin (BTC) and Ripple (XRP). With the overall market sentiment positive, and trading platform Mt. Gox recently moving its BTC assets to cold storage, Bitcoin continues to gain momentum.

BTC and XRP Prices Surge Amid Investor Optimism with Trump’s Rise
Due to Donald Trump’s early lead in the presidential race, his pro-crypto approach has boosted Bitcoin and Ripple. His promise to remove the SEC Chair could impact the ongoing Ripple lawsuit with the SEC, potentially accelerating the approval of an XRP ETF. This development could drive Ripple’s price closer to its July 2023 peak of $0.93.$BTC

In a surprising turn of events, a dormant Bitcoin whale has reactivated after 12 years, raising questions about BTC’s future.

The owner of a crypto wallet holding a substantial Bitcoin (BTC) balance has reactivated after a long period of inactivity spanning 12 years, sparking intrigue among crypto investors and market analysts alike. A significant sum of 159 BTC, valued at approximately $11.75 million, was transferred from this wallet, which had been inactive since 2012. This transaction highlights the wealth amassed by early Bitcoin investors. It is likely that this whale acquired their BTC at just $10.50 per coin, currently holding an unrealized profit of approximately 700,854%.

Naturally, this development has piqued the curiosity of many regarding its potential impacts on the entire sector, along with the motives behind such sudden moves.$BTC

$BTC

Bitcoin’s price dropped by -1.61% in the last 24 hours, reaching $67,677.4, reducing its market capitalization to $1.34 trillion. Bitcoin remains dominant with a 60.7% market share, followed by Ethereum at 13.3%. Over the past week, Bitcoin fell by -2.83% and Ethereum by -3.49%.

Other cryptocurrency prices include:

• Solana: $159.411, -2.0%
• Binance Coin: $551.56, -1.16%
• Ripple: $0.5071, +0.73%
• Dogecoin: $0.158322, +5.46%
• Shiba Inu: $0.00001696, +0.35%
• Cardano: $0.3284, -1.63%

The fluctuations in cryptocurrency prices also impacted related stocks, such as:

• Coinbase Global Inc (COIN): $184.25, +0.8%
• MicroStrategy (MSTR): $221.45, -3.6%
• Marathon Digital Holdings (MARA): $15.50, -3.8%
• PayPal (PYPL): $77.80, +0.7%
• Block (SQ): $72.83, +0.9%

The #U.S . dollar declined on Monday due to political uncertainty ahead of the close presidential election between Donald Trump and Kamala Harris, as well as expectations of a Federal Reserve rate cut. Harris gained an advantage in a recent Iowa poll. Markets anticipate possible volatility in dollar pairs as the election approaches, while Trump’s policies are expected to impact inflation and the dollar. The Fed is also anticipated to cut rates, with economic data showing slowed job growth in October.

There may be a drop ahead of the election news, and that’s good. For those who are feeling afraid and want to exit the market, exiting should happen during an upswing, not at market lows. The entire market is an opportunity.$BTC #CryptoAMA

Title: Cardano (ADA) Faces Continuous Decline in Value Since the Start of the Year. Can It Recover by the New Year?

Cardano (ADA), a prominent altcoin, has faced strong competition from other smart contract networks such as TRON (TRX) and Toncoin (TON). This competition has pushed Cardano down to the 11th position in terms of market capitalization, now standing at $12.8 billion, with TRON taking its place in the top 10 cryptocurrencies, closely followed by Toncoin. Toncoin, developed with contributions from Telegram co-founder Nikolai Durov, has a market capitalization of $12.5 billion.

Yesterday, ADA’s price rose by 1.8% to reach $0.3593, while TRX and TON showed varied performances. Nonetheless, Cardano enthusiasts hope that upcoming blockchain announcements and updates will strengthen its position in the sector.

Price Analysis of Cardano: Will It Decline Further?

In 2017, two years after the launch of the Ethereum blockchain, Cardano’s blockchain was introduced, and its native currency (ADA) held a spot among the top 10 cryptocurrencies by market capitalization for many years, until recently. In addition to shared functionality, technical architecture, and scalability, Cardano and Ethereum also share a notable figure: Charles Hoskinson. One of Ethereum’s co-founders, Hoskinson was sidelined by the Ethereum Foundation team due to differing views on the foundation’s direction. He advocated for a for-profit model, which led to his departure.$ADA

Title: The Power Shift: 81% of Crypto Developers Now Outside the U.S.

Date: November 2, 2024, 09:00 GMT+1

A recent study by Electric Capital reveals a significant drop in the percentage of crypto developers based in the United States over the past decade. While the U.S. still leads globally in crypto developer concentration, this position may be at risk unless policies promoting crypto development are reinforced.

The study analyzed a sample of over 110,000 developers worldwide. According to the findings, the top three countries by developer percentage are the United States, India, and the United Kingdom, with shares of 18.8%, 11.8%, and 4.2%, respectively.

Could #Ripple ’s Price Surge Due to Increased Pressure from Bitcoin’s Price?$XRP

Ripple (XRP) has held steady over the past 24 hours, recording a slight gain of 0.66%, despite a brief dip. At the same time, an analyst suggested that XRP’s price could “create substantial market pressure” as traders with open positions may be forced to close them. Despite XRP’s ongoing struggles, with a 5.29% decline since last Monday, interest in the cryptocurrency is rising. Its trading volume increased by 25.23% to reach $615 million in the past 24 hours.

The renowned trader Crypto Michael highlighted in a September 8, 2024, post on Platform X that there is significant “pressure building” on the XRP/BTC chart, potentially setting up for an upward breakout.

English Translation and Summary:

Crypto Sector Losses Reach $55,138,600 in October Due to Seven Hacks

A recent report from Immunefi—a major security solutions provider and bug bounty platform—reveals that October recorded the second-lowest monthly loss year-to-date (YTD), with the sector losing $55,138,600 to seven hacks. However, these losses represent a 114% increase compared to October 2023, which recorded $25,706,429 in losses, marking a 56.6% monthly decline in losses.

Most of the $55.2 million lost in October stemmed from two major projects: Radiant Capital, a DeFi lending protocol, lost $50 million, while the decentralized autonomous organization Tapioca incurred losses of $4.4 million. Additional incidents impacted protocols and platforms like P719, MorphoLabs, Ramses, HYDT, and Fire, with respective losses of $328,000, $230,000, $93,000, $58,000, and $24,000.

Since the start of the year, hacks and rug pulls have cost the crypto sector a total of $1,400,073,177 over 179 incidents, a 1% decrease compared to the same period in 2023, when losses amounted to $1,414,641,935. Immunefi noted that the highest losses in 2024 were recorded in May ($358 million) and July ($281 million).

All losses in October originated from DeFi protocol breaches, accounting for 100% of the sector’s losses.

Bitcoin’s price surged above $72,000 this week,# marking an 8% increase, driven by growing investor interest and expectations of a Republican victory in the upcoming U.S. presidential election. On October 28, new investments into Bitcoin Spot ETFs totaled $479.4 million, with significant contributions from BlackRock and ARK Invest. BlackRock’s fund alone received over $300 million, pushing #BTC back to $70,000 for the first time since July.$BTC

“Whales,” or large investors, are showing strong demand for Bitcoin, with institutional interest now doubling that of retail investors. Additionally, Bitcoin’s open interest in futures reached a high of $42.6 billion, indicating strong upward momentum.