🚀 Bitcoin's on fire! It just became the 7th largest asset globally, surpassing Saudi Aramco, with dominance hitting 61.38%! The crypto market is buzzing with optimism as BTC prices soared past $93,000.
A big shoutout to U.S. President-elect Trump's pro-crypto stance, which is fueling this rally. With Republicans securing the House, favorable regulations could be on the horizon! 📈
ETFs are also playing a massive role, with $4.7 billion in inflows over six days. BlackRock's IBIT hit a record $5 billion in trading volume!
What do you think is next for Bitcoin? Drop your thoughts below! 💬
🚀 Bitcoin has soared to become the seventh-largest asset globally, surpassing Saudi Aramco! Its dominance in the crypto market hit a high of 61.38%, with prices reaching over $93,000. This surge is partly fueled by President-elect Trump's pro-crypto stance and Republican control of the House, hinting at favorable regulations.
- U.S. spot-listed ETFs are booming, with $4.7 billion in net inflows over six days.
- BlackRock's iShare Bitcoin Trust (IBIT) hit a record $5 billion in trading volume.
- Ethereum is also gaining traction, with significant inflows into U.S. products.
What do you think about these developments? Share your thoughts below!
$DOGE and $PEPE Drive the Meme Coin Rally: Upside Targets Revealed - CoinPedia Analytics
PEPE and Dogecoin have shown strong bullish rallies, driven by technical patterns and market sentiment. PEPE's breakout from a falling channel, marked by two consecutive bullish engulfing candles, has led to a 200% price jump, surpassing the 38.20% Fibonacci level. Its recent all-time high of $0.00002567, following a morning star pattern, reflects growing sentiment, amplified by listings on Coinbase and Robinhood. The Fibonacci target for PEPE’s upside is $0.00000104.
Similarly, Dogecoin has surged 253%, surpassing key Fibonacci levels and trading at $0.39368. The MACD crossover indicates strong momentum, with potential to hit its all-time high of $0.7390. Fibonacci projections suggest Dogecoin could reach $1 and even $2.38. Both PEPE and Dogecoin showcase significant upside potential, fueled by positive technical indicators and increased market interest.
The $WIF /USDT pair on the 15-minute chart is currently trading at 4.036, reflecting a notable 32.55% increase in price.
This recent momentum has pushed WIF to challenge key levels, with resistance at 4.219 acting as a critical barrier; a breakout above this level could drive further upward movement.
On the downside, support is established at 3.924, a crucial level for maintaining stability in the ongoing bullish trend.
Ideal entry for this trade is around the current price of 4.030, targeting three levels for profit-taking: TP1 at 4.100, TP2 at 4.150, and TP3 at 4.200.
To manage risk, a stop-loss at 3.900 is recommended, protecting against a potential downturn if the support fails to hold.
With these levels in mind, this setup presents an opportunity for short-term gains, especially for traders capitalizing on tight target ranges.
#MemecoinWars #USInflationAboveTarget
{spot}(WIFUSDT)
When Will the Historic Moment Come in Bitcoin? When Will the BTC Price Reach $100,000? Top Analysts Explained!
Bitcoin (BTC) has surpassed $90,000 and reached a new ATH at $93,000, just a week after pro-crypto Donald Trump won the 2024 presidential election.
While BTC is breaking records one after another in a very short period of time, analysts expect BTC to reach $100,000 in the short term.
When Will Bitcoin Reach $100,000?
Accordingly, Bitget Research chief analyst Ryan Lee said that he expects Bitcoin to reach a new ATH of $100,000 in November.
Ryan Lee based his prediction on historical data. Accordingly, the analyst noted that November was known as the best month in terms of Bitcoin returns and said that BTC could reach $ 100,000 before the end of the month.
"If history repeats itself and the Bitcoin price rises as predicted, a mere 14.7% increase from the current price level would propel BTC well above the $100,000 target before the end of November.
Historical November returns and the post-halving cycle trend are also quite useful when predicting Bitcoin price movements."
Bitcoin May Fall in the Short Term!
Bitfinex analysts, other than Ryan Lee, are also positive about the Bitcoin price and think that $100,000 could come in a few months rather than in November.
Bitfinex analysts, who are more optimistic about Bitcoin's price trend through 2025 at this point, said that Donald Trump's victory would spur crypto adoption and pave the way for BTC to surpass $100,000 in a few months.
"It is difficult to predict the Bitcoin price at this stage, but we expect Bitcoin to fluctuate and consolidate a bit after the recent highs.
In our view, a target of $100,000 for Bitcoin in a few months doesn't seem too far- fetched.
However, given the current bullish momentum in BTC and the potential for a very modest correction at some point, we expect Bitcoin to have limited downside potential at the moment."
#HaveYouBinanced
KLend, a decentralized lending protocol, has experienced a significant increase in its total value locked (TVL), reaching $9.5 million, according to DefiLlama. This marks a ninefold surge from mid-October's $1 million. The protocol, active since 2021, surpassed its previous record of $2.4 million set in December 2021.
KLend, forked from Compound v2, operates on OKTChain and BNB Smart Chain (BSC). While OKTChain's TVL remains stable, BSC deposits have skyrocketed to nearly $9 million, driven by Binance Peg Bitcoin Cash (BCH), which constitutes 92% of deposits.
The remarkable APY of 3,900% for BCH lending is likely attracting investors, despite uncertainties about payout.
Ripple XRP – Last 48 Hours Before a Potential Drop to $0.19?
Speculation is mounting around Ripple (XRP), with concerns that it may trend down toward the $0.19 range amid ongoing market challenges.
Analysts have highlighted bearish indicators, including a descending triangle pattern and resistance levels above $0.20, both suggesting continued downward pressure.
Although XRP has previously found support around the $0.20 mark, sustained upward movement remains difficult in the current volatile market. Some forecasts suggest that if bearish trends persist, the price could dip to $0.19. Will XRP find support to stabilize, or could we see a further decline?
#cryptomarketcapATH #BBCeDeFi
{spot}(XRPUSDT)
Silk Road’s Ross Ulbricht Hopes for Freedom After Donald Trump’s Re-election
✨ Ross Ulbricht, Silk Road founder, remains hopeful about clemency as Trump’s re-election raises speculation about potential pardons.
✨ Ulbricht’s case, controversial for his non-violent Bitcoin transactions, draws support from advocates of criminal justice reform and cryptocurrency rights.
✨ Polymarket bettors suggest a 77% chance Trump will pardon Ulbricht, underscoring Ulbricht's enduring influence on the cryptocurrency and libertarian communities.
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The current market movement for $PNUT /USDT on the 15-minute timeframe shows a significant surge, now priced at 1.8801 after gaining 44.19% within the last 24 hours.
Traders should keep an eye on the resistance level set at 1.9766, as a break above this could trigger further upward movement, potentially attracting buying interest.
The support level stands at 1.7340, which serves as a critical point; holding above this will be essential to sustain the bullish trend.
A recommended entry point for this trade is around 1.8800, with tight target points for take-profit: TP1 at 1.9000, TP2 at 1.9100, and TP3 at 1.9200. To safeguard against a downward shift, a stop-loss at 1.7100 is advised, ensuring minimal risk if the price falls below the support.
With the ongoing price action, quick exits at each target level could be ideal for capturing modest gains while the momentum remains active.
#BTCBreaks93k #USInflationAboveTarget
{spot}(PNUTUSDT)