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BTC price 'issues' include $70K dip despite Bitcoin whale accumulation
Bitcoin (BTC) risks “short-term issues” on its route to six figures — including a correction to nearly $70,000.
In one of its Quicktake market updates on Nov. 16, onchain analytics platform CryptoQuant said BTC price action may see some “healthy cooling.”
BTC price analysis considers “healthy cooling”
Bitcoin continues to circle $90,000 as week-to-date gains approach 13% into the weekly close.
Joining those suggesting that a new consolidation phase could come next for BTC/USD, CryptoQuant co
In one of its Quicktake market updates on Nov. 16, onchain analytics platform CryptoQuant said BTC price action may see some “healthy cooling.”
BTC price analysis considers “healthy cooling”
Bitcoin continues to circle $90,000 as week-to-date gains approach 13% into the weekly close.
Joining those suggesting that a new consolidation phase could come next for BTC/USD, CryptoQuant co
OP_VAULT explained: How it could enhance Bitcoin security
What is OP_VAULT?
OP_VAULT is a feature that adds extra security to Bitcoin, helping protect it from theft or unauthorized access.
The decentralized nature of Bitcoin has revolutionized the digital economy. Still, as its use grows, so does the need for enhanced security. This is where OP_VAULT comes in, an innovative feature introducing a mechanism called “covenants” to offer added security and flexibility.
In Bitcoin, “OP” stands for “operation code” or “opcode.” OpCodes are part of Bitcoin
OP_VAULT is a feature that adds extra security to Bitcoin, helping protect it from theft or unauthorized access.
The decentralized nature of Bitcoin has revolutionized the digital economy. Still, as its use grows, so does the need for enhanced security. This is where OP_VAULT comes in, an innovative feature introducing a mechanism called “covenants” to offer added security and flexibility.
In Bitcoin, “OP” stands for “operation code” or “opcode.” OpCodes are part of Bitcoin
NFTs weekly sales surge 94% as crypto market continues bullish run
Non-fungible tokens recorded a weekly sales volume of $181 million, as Bitcoin and other crypto assets recorded massive gains.
On Nov. 17, digital collectible data tracker CryptoSlam showed that NFTs recorded a sales volume of $181 million in the last seven days. The record shows a 94% increase compared to last week when NFTs only had a $93 million weekly sales volume.
Top blockchains by sales volume in the last seven days. Source: CryptoSlam
The Ethereum network led the week with a $67 mil
On Nov. 17, digital collectible data tracker CryptoSlam showed that NFTs recorded a sales volume of $181 million in the last seven days. The record shows a 94% increase compared to last week when NFTs only had a $93 million weekly sales volume.
Top blockchains by sales volume in the last seven days. Source: CryptoSlam
The Ethereum network led the week with a $67 mil
XRP price retreats 20% after hitting a multiyear high — Is the top in?
XRP (XRP) soared past the $1 mark on Nov. 16, hitting a three-year high of $1.26 amid anticipation of a favorable regulatory environment for cryptocurrencies and the potential resolution of Ripple’s long-standing legal battle with the US Securities and Exchange Commission (SEC).
XRP price has, however, pulled back significantly since, leading to questions about whether $1.26 was the top, at least for now.
XRP/USD daily chart. Source: TradingView
XRP whales take profits
XRP’s pullback on Nov
XRP price has, however, pulled back significantly since, leading to questions about whether $1.26 was the top, at least for now.
XRP/USD daily chart. Source: TradingView
XRP whales take profits
XRP’s pullback on Nov
‘DOGE’ could increase economic freedom in US — Coinbase CEO
Coinbase CEO Brian Armstrong expressed positive sentiments for the newly created Department of Government Efficiency (DOGE), which billionaire Elon Musk and Vivek Ramaswamy will head.
On Aug. 20, United States President-elect Donald Trump floated the idea of bringing Musk into his Cabinet or giving the billionaire an advisory role starting in January 2025. At the time, Trump did not specify which department he planned to put the Tesla CEO in.
On Nov. 13, Trump appointed Musk and Ramaswamy to l
On Aug. 20, United States President-elect Donald Trump floated the idea of bringing Musk into his Cabinet or giving the billionaire an advisory role starting in January 2025. At the time, Trump did not specify which department he planned to put the Tesla CEO in.
On Nov. 13, Trump appointed Musk and Ramaswamy to l
'More brutal than expected' — Lyn Alden on ETH/BTC post-election low
Macroeconomist Lyn Alden, who has admitted she isn’t a big fan of Ethereum, said she was surprised by the cryptocurrency’s weak performance against Bitcoin after a presidential election outcome she expected to be more favorable for Ethereum.
“I’ve been kind of a polite long-term Ethereum bear, but the post-election new low in ETHBTC is even more brutal than I expected,” Alden declared in a Nov. 17 X post.
Lyn Alden admits she has been a ‘long-term Ethereum bear’
Alden reiterated that given Do
“I’ve been kind of a polite long-term Ethereum bear, but the post-election new low in ETHBTC is even more brutal than I expected,” Alden declared in a Nov. 17 X post.
Lyn Alden admits she has been a ‘long-term Ethereum bear’
Alden reiterated that given Do
Bitcoin long-term holders do not see $90K 'as an enemy' — Analyst
Bitcoiners who have held their coins for over 155 days aren’t all holding out for a six-figure price tag, with some happily taking profits once Bitcoin surpassed $90,000, according to a crypto analyst.
In a Nov. 16 market report, CryptoQuant contributor Percival noted that Bitcoin (BTC) long-term holders (LTH) — addresses holding BTC for 155 days or more — “do not see $90K as an enemy” and are engaging in profit-taking. Before breaking its $73,800 all-time high from March on Nov. 5, Bitcoin’s p
In a Nov. 16 market report, CryptoQuant contributor Percival noted that Bitcoin (BTC) long-term holders (LTH) — addresses holding BTC for 155 days or more — “do not see $90K as an enemy” and are engaging in profit-taking. Before breaking its $73,800 all-time high from March on Nov. 5, Bitcoin’s p
Saylor doubts $60K Bitcoin retrace, BTC ETF options, and more: Hodler’s Digest, Nov. 10 – 16
Top Stories of The Week
Bitcoin will not fall to $60K with no threats in the near-term Michael Saylor
MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 a crucial price level for the majority of 2024.
I dont think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here, Saylor told CNBC on Nov. 14. Bitcoin is trading around $87,790, according to CoinMarketCap.
He said Donald Trumps win very decide
Bitcoin will not fall to $60K with no threats in the near-term Michael Saylor
MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 a crucial price level for the majority of 2024.
I dont think it is going to $60,000, it is not going to $30,000, I think it is going to go up from here, Saylor told CNBC on Nov. 14. Bitcoin is trading around $87,790, according to CoinMarketCap.
He said Donald Trumps win very decide
Ripple Labs and CEO come under fire amid rumors of a Trump meeting
Ripple Labs and CEO Brad Garlinghouse are facing criticism from industry executives after rumors that the CEO recently met with President-elect Trump began circulating on social media.
In response to the rumors, former Messari CEO and founder Ryan Selkis remarked: "Brad Garlinghouse is shilling XRP (XRP) and CBDC implementations." Selkis' comments were reposted by the vice president of research at Riot Platforms, Pierre Rochard.
Rochard agreed with Selkis and wrote "We can’t let Ripple co-opt
In response to the rumors, former Messari CEO and founder Ryan Selkis remarked: "Brad Garlinghouse is shilling XRP (XRP) and CBDC implementations." Selkis' comments were reposted by the vice president of research at Riot Platforms, Pierre Rochard.
Rochard agreed with Selkis and wrote "We can’t let Ripple co-opt
Chainlink introduces the 'Chainlink Runtime Environment' framework
Oracle provider Chainlink has revealed the "Chainlink Runtime Environment" — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a single, unified ecosystem.
According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL) standard — a programming language created in 1959 th
According to Chainlink, the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL) standard — a programming language created in 1959 th
'There is a global race underway for Bitcoin' — Anthony Pompliano
Asset manager and investor Anthony Pompliano recently stated that the global Bitcoin (BTC) arms race between sovereign nations and governments has already started.
In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the best interest of the United States to prevent being "Front-run by other countries." Pompliano asserted:
"There is a gl
In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the best interest of the United States to prevent being "Front-run by other countries." Pompliano asserted:
"There is a gl
Ethereum 'dying a slow death' as ETH breaks 8-year trend vs. Bitcoin
Ethereum’s native token, Ether (ETH), recently slipped below its longest-serving support level against Bitcoin (BTC), leading top analysts to conclude that it is “dying a slow death.”
Ether breaks support that once prompted a 1,800% rebound
Notably, the ETH/BTC pair broke below the ascending trendline support that has coincided with its market bottoms since 2016.
That includes the pair’s 300% rebound between December 2020 and December 2021 and a 1,800% recovery between January 2017 and May 20
Ether breaks support that once prompted a 1,800% rebound
Notably, the ETH/BTC pair broke below the ascending trendline support that has coincided with its market bottoms since 2016.
That includes the pair’s 300% rebound between December 2020 and December 2021 and a 1,800% recovery between January 2017 and May 20
Chain abstraction explained: What it is and the problems it solves
What is chain abstraction?
Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks.
Web3 is still a fragmented industry leading to a complex and technical user experience. It’s a barrier to entry for the mainstream public, who must create multiple crypto wallets, store seed phrases and switch between blockchains to use various applications.
It’s like going out for a pizza but going to a different restauran
Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks.
Web3 is still a fragmented industry leading to a complex and technical user experience. It’s a barrier to entry for the mainstream public, who must create multiple crypto wallets, store seed phrases and switch between blockchains to use various applications.
It’s like going out for a pizza but going to a different restauran
Bitcoin breakout or black swan? $90K BTC price lacks gold, stocks high
Bitcoin (BTC) has not matched all-time highs against the S&P 500, gold and others — but doing so is “a matter of if, not when.”
In a post on X on Nov. 15, Caleb Franzen, creator of financial research resource Cubic Analytics, predicted BTC price outperformance next.
Bitcoin macro breakout not yet reality
Bitcoin may have tapped $93,500 and gained nearly 50% in Q4, but against many macro assets, the BTC price breakout has yet to happen.
Franzen notes that the S&P 500 and Nasdaq 100 indexes re
In a post on X on Nov. 15, Caleb Franzen, creator of financial research resource Cubic Analytics, predicted BTC price outperformance next.
Bitcoin macro breakout not yet reality
Bitcoin may have tapped $93,500 and gained nearly 50% in Q4, but against many macro assets, the BTC price breakout has yet to happen.
Franzen notes that the S&P 500 and Nasdaq 100 indexes re
Trump policies could take DeFi, BTC staking mainstream: Redstone co-founder
Donald Trump’s return to office in 2025 has sparked speculation throughout the crypto industry surrounding how his administration may influence digital finance.
Marcin Kaźmierczak, co-founder and chief operations officer at RedStone, suggested in an interview with Cointelegraph that the new Donald Trump administration “could drastically propel” the expansion of decentralized finance (DeFi).
“Such an administration could champion policies that push DeFi from niche to mainstream, catalyzing an i
Marcin Kaźmierczak, co-founder and chief operations officer at RedStone, suggested in an interview with Cointelegraph that the new Donald Trump administration “could drastically propel” the expansion of decentralized finance (DeFi).
“Such an administration could champion policies that push DeFi from niche to mainstream, catalyzing an i
No apology can 'undo the damage' Gary Gensler has caused: Tyler Winklevoss
Gemini co-founder Tyler Winklevoss claims the damage caused by United States Securities and Exchange Commission (SEC) chair Gary Gensler to the crypto industry is irreversible as speculation mounts that Gensler may resign.
“Let’s all be clear on one thing. Gary Gensler is evil,” Winklevoss declared in a Nov. 15 X post. “He should never again have a position of influence, power, or consequence,” Winklevoss added.
Winklevoss’ remarks follow growing optimism among crypto market participants that
“Let’s all be clear on one thing. Gary Gensler is evil,” Winklevoss declared in a Nov. 15 X post. “He should never again have a position of influence, power, or consequence,” Winklevoss added.
Winklevoss’ remarks follow growing optimism among crypto market participants that
Elon Musk 'shot down' OpenAI's ICO plan in 2018 over credibility concerns
Tesla CEO and tech entrepreneur Elon Musk dismissed OpenAI CEO Sam Altman’s proposal to launch a cryptocurrency token in early 2018, warning that it could severely harm the reputation of the company, according to a recent court filing.
“Musk shot down this idea too, stating “it would simply result in a massive loss of credibility for OpenAI and everyone associated with the ICO,” Musk’s lawyers declared in a filing with the United States District Court for the Northern District of California on
“Musk shot down this idea too, stating “it would simply result in a massive loss of credibility for OpenAI and everyone associated with the ICO,” Musk’s lawyers declared in a filing with the United States District Court for the Northern District of California on
CFTC clears 'second hurdle' for spot Bitcoin ETF options
The United States Commodity Futures Trading Commission (CFTC) has issued a notice, “clearing the way” for spot Bitcoin exchange-traded fund (ETF) options. Analysts are now speculating the products could be listed imminently.
“Ball now in OCC’s court, and they are into it, so they’ll prob list very soon,” ETF analyst Eric Balchunas wrote in a Nov. 15 X post.
“Here. We. Go,” ETF analyst James Seyffart added.
The CFTC’s Nov. 16 statement announced the Division of Clearing and Risk’s (DCR’s) posi
“Ball now in OCC’s court, and they are into it, so they’ll prob list very soon,” ETF analyst Eric Balchunas wrote in a Nov. 15 X post.
“Here. We. Go,” ETF analyst James Seyffart added.
The CFTC’s Nov. 16 statement announced the Division of Clearing and Risk’s (DCR’s) posi
Ethena adopts fee-sharing proposal for ENA token
The Ethena Foundation signed off on Wintermute’s proposal to share a portion of the decentralized finance (DeFi) protocol’s revenues with tokenholders, according to Wintermute’s governance forum.
On Nov. 6, Wintermute, a cryptocurrency market maker, proposed allocating a portion of Ethena’s fee revenue to stakers of ENA, Ethena’s native token.
“The Ethena Foundation is pleased to share that the proposal to enable an $ENA fee switch has been approved by the Risk Committee,” it said in the gover
On Nov. 6, Wintermute, a cryptocurrency market maker, proposed allocating a portion of Ethena’s fee revenue to stakers of ENA, Ethena’s native token.
“The Ethena Foundation is pleased to share that the proposal to enable an $ENA fee switch has been approved by the Risk Committee,” it said in the gover
Tether mints $1 billion USDt on Tron, pays zero fees — Arkham
Tether minted $1 billion in Tether-US dollar (USDT) stablecoins on the Tron network and paid no fees for the large transaction, according to data from onchain analytics firm Arkham Intelligence.
The analytics platform highlighted the November 14 transaction from a "black hole address" on Tron to Tether's multi-signature wallet beginning with the characters "TBPxh."
Onchain records also show that almost immediately after the $1 billion USDt was sent to Tether's multi-signature wallet, the funds
The analytics platform highlighted the November 14 transaction from a "black hole address" on Tron to Tether's multi-signature wallet beginning with the characters "TBPxh."
Onchain records also show that almost immediately after the $1 billion USDt was sent to Tether's multi-signature wallet, the funds