Breaking News! Robinhood has just rolled out a fresh and interactive way for users to participate in the 2024 Presidential Election! 🇺🇸
With election day on November 5 just around the corner, U.S. users can now wager on whether Vice President Kamala Harris or Donald Trump will claim the Oval Office. This new offering allows individuals to take a stance on the outcome, with contracts available immediately and set to settle upon Congress’s certification of the results on January 6, 2025.
Robinhood has made it clear, however, that it’s taking a strictly neutral approach. By introducing this feature, the company aims to "democratize finance," offering everyone a chance to get involved in a financial way without aligning with any particular candidate or party. It’s all about giving users the tools to engage without endorsement.
So, who’s ready to put their predictions to the test? This election season, Robinhood is offering a new avenue for financial participation, allowing users to make real-time choices in line with their expectations for the nation’s future.
#KamalaHorris #donaldtrump #CryptoAMA #TetherAEDLaunch #USEquitiesRebound
Arbitrum Faces Continued Downtrend Amid Bearish Market Sentiment
Arbitrum (ARB) has experienced a significant downturn, losing 3.78% against the US Dollar in the past 24 hours. The cryptocurrency also underperformed against Bitcoin (BTC) and Ethereum (ETH), declining by 3.60% and 2.85%, respectively. Over the past month, ARB has dropped 2.99%, and its year-over-year performance shows a steep decline of 49.11%.
Despite a prediction suggesting a potential 30.13% increase in ARB's price over the next five days, the overall market sentiment remains bearish. The Fear & Greed index indicates a "Greed" level at 69, suggesting that the market may be overvalued. Key support levels to watch are $0.506936, $0.494282, and $0.475799, while resistance levels stand at $0.538073, $0.556556, and $0.569209.
Technical indicators largely signal a bearish outlook, with 22 out of 27 indicators favoring a negative forecast. This pessimistic sentiment is reinforced by ARB's current trading price of $0.507223, which is significantly below its all-time high of $8.67 reached in March 2023.
Investors should exercise caution and closely monitor market trends and technical indicators before making any investment decisions.
As a trader, understanding your competition is as essential as knowing who to steer clear of in the market. In the fast-paced world of trading, recognizing the players around you – from speculative traders to cautious observers – can significantly shape your strategy and results.
With the upcoming election on the 5th, the anticipation is thick. Many market participants are bracing for the outcome, ready to adjust their positions based on the results. Others, however, are seizing the chance to speculate wildly, buying and selling in anticipation of a potential shift. This frenzy, driven by speculation rather than certainty, creates a volatile environment that can be both lucrative and risky.
For my part, I’ve opted to stay on the sidelines rather than dive into this chaotic trading scene. Navigating such uncertainty can lead to gains, but it also carries a high degree of risk that doesn’t align with my strategy. Instead of engaging in this market unpredictability, I choose a path of caution and stability.
Ultimately, my decision to wait reflects my preference for clear signals over unpredictable swings. By holding back, I avoid the turbulent market conditions sparked by speculation, allowing me to focus on more reliable trends. When the dust settles, there will be opportunities to act on solid information, particularly with assets like #BTC☀ , which thrives on strategic patience.
$BTC , $ETH , $SOL
#USEquitiesRebound #USADPSurges #GrayscaleXRPTrust #CryptoAMA
The crypto market has been quite volatile lately. Bitcoin’s recent attempts to reach new all-time highs (ATH) and the upcoming US elections (Harris vs. Trump) have created uncertainty for many investors, especially those in futures markets. Of course, the popular crypto influencers with millions of followers seem to be enjoying this rollercoaster ride.
Personally, I believe that Bitcoin could attempt to reach a new ATH and sustain above that level starting from the second half of November, based on its overall cycle. However, this is purely speculation, and past performance is not indicative of future results. As for altcoins, I anticipate a significant rally once Bitcoin dominance decreases. But currently, everyone is waiting for a lower price, so Bitcoin dominance remains high. Remember, if you don't buy, the price won't go up!
In conclusion, it's important to stay cautious and closely monitor the market. While political events, interest rate decisions, and geopolitical tensions are temporary, a well-crafted investment plan and the ability to navigate market fluctuations are key to long-term success. Happy trading!$BTC By the way I am long 😅 #NFA✅
{spot}(BTCUSDT)
#tradingjournal
🚀 Bitcoin Hits All-Time High in Canada! 🚀
- Bitcoin (BTC) recently soared past 100,000 Canadian dollars! 💸
- Dean Skurka, CEO of WonderFi, credits interest rate cuts in Canada and the US for this bullish trend.
- Skurka believes these cuts will attract more retail and institutional investors.
- The upcoming 2024 US Presidential election is also seen as a major catalyst.
- Regardless of who wins, Skurka expects Bitcoin's price to rise long-term.
- With significant Bitcoin ETF inflows, the future looks bright for BTC! 🌟
Stay tuned for more crypto excitement!
🚀 Bitcoin just hit a record high of over 100,000 Canadian dollars! Dean Skurka, CEO of WonderFi, believes interest rate cuts in Canada and the US, plus the 2024 US Presidential election, will keep Bitcoin soaring in the next 6-24 months.
💡 Skurka says lower interest rates are a global trend, creating a golden opportunity for the digital asset ecosystem to thrive. Retail and institutional investors are expected to jump in or expand their positions.
🔮 The 2024 US Presidential election is another key factor. Whether it's Trump or Harris, Skurka predicts a favorable regulatory climate post-election, boosting Bitcoin's long-term price.
What do you think? Share your thoughts in the comments! 🚀📈
🌪️⚠️ Market Pressure Intensifies – Predictive Analysis Hits the Mark! ⚠️🌪️
Today’s market predictions unfolded exactly as forecasted, with top assets like BNB/USDT and SOL/USDT under notable pressure. Both coins showed significant movements, aligning with our expectations amidst a high-tension environment.
$BNB /USDT
📊 Current Price: 568.8 USDT
BNB experienced a sharp decline, testing critical support zones, underscoring the market’s struggle to maintain upward momentum. As of now, the coin’s price is holding in a delicate range, suggesting we could be nearing either a corrective rally or further downside risk.
$SOL /USDT
📊 Current Price: 163.94 USDT
SOL mirrored similar pressure with recent lows testing buyers’ resolve. The asset remains volatile, hinting at heightened selling interest if support cracks. Watch for either a bounce-back or intensified selling as SOL navigates these challenging levels.
🔍 Insights & Key Levels Ahead
Both BNB and SOL are at critical junctures. If the current support levels fail, expect an accelerated decline in price. Conversely, if buyers step up, we could see recovery attempts. Keep a close watch on these assets for any signs of a breakout or breakdown.
🔥 Stay alert – the markets are brewing for more action!#USNFPCooldown #29thBNBBurn #USEquitiesRebound #TetherAEDLaunch #NovCryptoOutlook
💥🚨 𝐅𝐫𝐨𝐦 𝐏𝐞𝐧𝐧𝐢𝐞𝐬 𝐭𝐨 𝐁𝐢𝐥𝐥𝐢𝐨𝐧𝐬: 𝐓𝐡𝐞 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 𝐒𝐭𝐨𝐫𝐲 𝐨𝐟 𝐒𝐡𝐢𝐛𝐚 𝐈𝐧𝐮'𝐬 𝟐𝟎𝟐𝟏 𝐁𝐮𝐥𝐥 𝐑𝐮𝐧 💥💥
2021 Bull Run Gains
Shiba Inu (SHIB) emerged as one of the standout assets of the 2021 bull market, delivering extraordinary returns that transformed modest investments into significant fortunes for early holders.
1. Initial Investment – Early 2021:
At the beginning of 2021, SHIB was priced at approximately $0.000000000168 per token.
An investment of $3,000 at this price could have acquired around 17.8 trillion SHIB tokens.
2. Value at the Peak of the 2021 Bull Run:
By October 2021, SHIB reached a peak price of $0.000088, driven by substantial hype and strong community support.
Selling at this peak would have valued the 17.8 trillion SHIB tokens at approximately $1.566 billion (17.8 trillion x $0.000088).
3. Current Value:
Currently, SHIB has stabilized after the bull market and trades at around $0.000017.
Holding onto the same 17.8 trillion SHIB tokens today would yield a value of approximately $289 million (17.8 trillion x $0.000017).
Long-Term Holding and Volatility
Despite a significant decrease from its peak, SHIB’s returns remain impressive for early investors who endured market fluctuations. The rise of Shiba Inu was largely fueled by community engagement and social media-driven excitement, making it a unique phenomenon in the cryptocurrency landscape.
Key Takeaway
A $3,000 investment in Shiba Inu in early 2021 could have reached over $1.5 billion at its peak or approximately $289 million today. This underscores the potential rewards and inherent risks associated with meme coins in the volatile crypto market. SHIB’s journey illustrates the unpredictable nature of cryptocurrencies and the potential for substantial gains through early investments in high-risk assets.
#Therapydogcoin #16thBTCWhitePaperAnniv #CryptoAMA #USNFPCooldown
{spot}(SHIBUSDT)
🚨⚠️ SHOCKING COLLAPSE: $187 MILLION WIPED OUT IN 24-HOUR CRYPTO MARKET LIQUIDATIONS! ⚠️🚨
The cryptocurrency market has been rocked by a wave of massive liquidations, with a jaw-dropping $187 million evaporated in just 24 hours! According to PANews, data from Coinglass reveals that $143 million in long positions were obliterated, while shorts saw $43.63 million in liquidations, leaving traders in a state of shock. Bitcoin (BTC) wasn’t spared, facing $41.16 million in liquidations, with Ethereum (ETH) close behind at $26.90 million.
💥 The sudden downturn has left traders reeling, especially those with bullish positions that got hit hard as prices took a nosedive. These liquidations can set off a cascade effect, fueling even more volatility and putting countless positions at risk.
Are we headed for a deeper crash, or is this just a tremor in the storm?
For those riding the waves of crypto, tracking liquidation data is vital to stay ahead of these massive market swings. Stay vigilant, as more surprises could be just around the corner.
👀 Stay updated with Coinglass for real-time insights – the market’s next move might be closer than you think!
#CryptoAMA #Write2Earn! #ETHETFsApproved #BTC☀ #Therapydogcoin
🚀 Bitcoin Enthusiasts, Listen Up! 🚀
The US presidential elections are around the corner, and while the world watches the political drama unfold, the crypto community is buzzing with excitement over Bitcoin's future! 📈
Popular trader EllioTrades shared a fascinating chart showing that every US election week since Bitcoin's inception marked a low for BTC that was never seen again. In 2012, BTC was around $12, in 2016 it was $720, and in 2020 it was $14,900. Fast forward to today, and BTC is flirting with $70,000! Could this be the last time we see Bitcoin below $70K? History suggests it might be! 🌟
As for the elections, Trump appears more crypto-friendly, with bullish moves like using BTC for burgers and promising to support mining. However, his past skepticism leaves some cautious. Will he follow through? Only time will tell!
Stay tuned, Bitcoiners! 🤑
📉 **Crypto Market Update: Bitcoin & Ethereum ETFs See Major Outflows!**
- On Nov. 1, U.S. Bitcoin spot ETFs recorded a significant daily outflow of $54.94 million, with Ethereum ETFs following suit with a $10.93 million outflow.
- Notable Bitcoin ETF outflows include IBIT ($0 net inflow), GBTC (-$5.51 million), FBTC (-$25.64 million), ARKB (-$24.13 million), and BITB (-$5.64 million).
- Grayscale Bitcoin Mini Trust was the exception, enjoying a $13.51 million inflow.
- Ethereum ETFs also faced outflows, with ETHE losing $11.43 million.
- The overall crypto market cap has dropped to $2.32 trillion, with Bitcoin at $69,400 and Ethereum at $2,490.
💬 What are your thoughts on these trends? Share in the comments!
⚠️🔥 CRITICAL ALERT: $SOL /USDT AT A MAKE-OR-BREAK LEVEL – MASSIVE MOVE LOOMING! 🔥⚠️
The SOL/USDT chart is flirting with a crucial point after a powerful bullish run and recent resistance tests. The market is building up pressure for its NEXT BIG MOVE – are we looking at a breakout or a downturn?
Current Price: 164.77 USDT
💡 CRITICAL Levels to Watch NOW: 💡
🚧 Strong Resistance Zone: 172.29 USDT – SOL needs to conquer this resistance for a bullish breakout. Breaking above this level could set off a surge of buying interest, driving prices higher.
📉 Major Support Level: 169.28 USDT – CAUTION! If SOL retraces and breaks below this level, it could slide toward the next target at 160.15 USDT or worse. Holding this level is essential to maintain upward momentum.
📉 PRESSURE POINT – WHAT’S NEXT? 🔮
⚠️ Potential Downside Threat:
If SOL fails to hold above 169.28 USDT, expect a fast decline toward 160.15 USDT. A breakdown could lead to increased selling pressure, pushing the price further down.
🚀 Upside Breakout Potential:
However, if SOL manages to defend support and blast through 172.29 USDT, we may witness a robust rally as bulls gain control, aiming for a substantial breakout.
Eyes on the chart – SOL/USDT is on the brink of a BIG MOVE!
#CryptoAMA #GrayscaleXRPTrust #Write2Earn! #ETHETFsApproved #Megadrop
{spot}(SOLUSDT)
👉👉👉 #Q3 2024 Insights: Ripple Analyzes $XRP Price, Volatility, and #MarketActivity
The latest report, drawing insights from #Bloomberg , CCData, and Refinitiv Eikon, offers a comprehensive look at XRP’s market trends during a quarter marked by significant price fluctuations and a rise in Bitcoin dominance.
XRP Trading Volume and Market Activity
- Ripple reports XRP’s average daily volume (ADV) on leading exchanges between $600 million and $700 million, highlighting rising market interest despite price pressures. XRP’s ADV for 7 days stands at $812 million, with 30-day, 90-day, and 365-day figures at $511 million, $675 million, and $687 million, respectively. Though XRP’s trading volume trails behind Bitcoin & Ethereum, it exceeds that of Binance Coin ($BNB ), Cardano ($ADA ), and Polkadot (DOT), suggesting potential for further market expansion.
- A key highlight this quarter was a 27% increase in XRP’s price against Bitcoin, even as Bitcoin’s dominance climbed by 3% to a new peak.
XRP Price Volatility & Stabilization
- XRP experienced significant price volatility in early Q3, with realized volatility exceeding 110% in mid-August due to rapid price swings between $0.40 and $0.65. This attracted high trading volumes, but by the latter part of Q3, volatility eased to around 60% as XRP’s price range stabilized, marking a transition from high fluctuation to consolidation.
Exchange Volume Trends & Market Share
- According to Ripple’s findings, XRP’s spot exchange volume remained strong, with Binance, Bybit, and Upbit leading. Early Q3 daily volumes averaged $750 million, later stabilizing before surging again in late September. Binance held the largest share of XRP’s trading volume, though its market share declined by 3%, while Crypto.com’s share rose by 6%. XRP trading continues to be heavily USDT-paired, reflecting stablecoin dominance, with fiat-paired trades increasing from 10% in Q2 to 14% in Q3.
These trends illustrate XRP’s evolving market dynamics amid broader shifts in the crypto landscape.
#BinanceSquareTalks