Elon Musk Net Worth Soars to $348 Billion: Tesla and xAI Drive the Surge

Elon Musk is the first name on the global billionaires list. His current total net worth is nearly $348B – at least $129B higher than the net worth of Jeff Bezos of $219B and nearly $142B higher than Larry Ellison’s $206B net worth.

Among the top 500 billionaires, Musk records the highest YTD change of +$119B – at least $35.8B higher than Larry Ellison’s +$83.2B YTD change.

Reports indicate that Tesla and xAI have played a significant role in the massive surge in Musk’s net worth. Everything you should know about the latest rise of Musk’s net worth.

Elon Musk’s Net Worth Soars to $348 Billion

Elon Musk, Jeff Bezos, Larry Ellison, Mark Zukerberg and Bernard Arnault are the top five billionaires in the world. The current net worth of Musk stands at around $348B. Data show that his net worth has steadily grown over the years.

Reports indicate that recently Musk’s net worth has seen a steep surge. Experts believe that Tesla and xAI have played a crucial role in this dramatic increase.

Tesla Stock Performance

At the start of this month, the price of Tesla Inc was as low as $248.77. Between November 4 and 11, it sharply climbed by over 43.95%.
In the last one week alone, it grew at least 4.07%. The Tesla market reports a YTD growth of 42.09%. However, the current price of Tesla stands at least 14.30% lower than its 2021 peak of $411.39, indicating that there is more room for growth in the market.

xAI’s Rapid Growth and ValuationX.AI Corp, or xAI, is a startup founded by Musk in March 2023. It is specialised in the area of Artificial Intelligence, and is known for its mysterious goal of ‘understanding the true nature of the universe’.

Notably, the valuation of xAI recently jumped from $24 billion in May to $50 billion after its latest funding round.

In conclusion, Elon Musk’s record-breaking net worth is a testament to his strategic ventures in Tesla and xAI.

#ElonMusk #XAI #Tesla #altcoin #CryptoNews

Good News for Bitcoin (BTC) and Ethereum (ETH) from Hong Kong! “A First Will Happen!”

Hong Kong, which approved spot Bitcoin and Ethereum ETFs after the US, is on its way to becoming the region’s cryptocurrency center.

At this point, a new move came from ZA Bank, Hong Kong’s largest virtual bank.

Accordingly, ZA Bank has launched a new service that allows retail users to buy and sell Bitcoin (BTC) and Ethereum (ETH) directly using fiat currencies.

According to the statement, Hong Kong residents must have a bank account to benefit from the new service.

Users are also required to undergo a risk assessment before using the new cryptocurrency service linked to the bank’s app.

Users can only purchase Bitcoin and Ethereum using fiat currency through ZA Bank and its new service, as no other cryptocurrencies were mentioned in the statement.

“ZA Bank, Hong Kong’s first and largest digital bank1 (Asia’s first bank), has made another breakthrough by offering cryptocurrency trading services directly to retail users.

Through the ZA Bank app, users can now seamlessly trade top cryptocurrencies in HKD and USD (the platform currently only supports trading services for Bitcoin and Ethereum.)

ZA Bank’s Chief Executive Officer, Calvin Ng, said: “The rise of cryptocurrencies offers investors more diversified asset allocation opportunities.

As a bank, we prioritize security and compliance, which is why we have partnered with HashKey, a global leading licensed virtual asset exchange, to meet regulatory standards and provide bank-level security for virtual asset trading – our core competitive advantage in the Asian market.”

#Bitcoin #Ethereum #Singapore #AltcoinSeason #CryptoNews

Bitcoin Whale Accumulation Signals BTC Price Hitting $100K Today

Bitcoin whale activity has been on the rise in the last 24 hours, which suggests that upward pressure for the BTC price rally to $100K could be coming today itself. In the past few hours, 6 new whale wallets have withdrawn over 1,110 Bitcoins from crypto exchange Binance.

Bitcoin Whales Accumulate the DipsAs per blockchain analytics platform Lookonchain, large investors and Bitcoin whales have started accumulating BTC in the last few years amid the BTC price pullback to $97000.

In the past eight hours, six newly created wallets collectively withdrew 1,110 BTC, valued at approximately $107.7 million, from the Binance exchange. This activity suggests a growing confidence among major holders in Bitcoin’s long-term prospects, even as market volatility persists.

Additionally, data from IntoTheBlock shows that 60,000 addresses have purchased 22,740 BTC above the current price. An impressive 458,000 addresses have accumulated a massive 344,000 BTC, creating a robust base for a potential upward move. This strong backing could serve as a catalyst for Bitcoin’s next major price surge.

However, crypto analyst Ali Martinez noted that long-term holders are showing signs of “greed”. Historically, such behavior has preceded market tops, with similar trends suggesting an 8-11 month timeline for Bitcoin to reach a peak.

If the pattern repeats, projections indicate a potential market top for Bitcoin between June and September 2025, noted Martinez.

BTC Price to $100K Today?

The BTC price continues to show strength on the technical chart. From the intraday low of $95,788, Bitcoin has bounced back once again. As of press time, the Bitcoin price is trading 0.60% up at $98,650 with a market cap of $1.95 trillion.

Crypto analyst Ali Martinez highlights a bullish signal for Bitcoin (BTC), as the SuperTrend indicator turns positive on the hourly chart amid the ongoing Bitcoin whale activity.

#BitcoinRally #btc100k #cryptomarket #Altcoins #CryptoNews

JASMY’s Cup and Handle Formation Signals a Game-Changing Breakout

JasmyCoin is gaining traction as market events and technical signals align for a major move.

The recent Upbit listing has placed JASMY in the spotlight, attracting attention from a wide range of traders. Upbit’s reputation for high liquidity and ease of use makes this a critical milestone for JasmyCoin.

Institutional interest has surged 173.99%, reaching $226.94 million. Open interest rose 4.38%, reflecting growing confidence in JASMY’s upward potential.

Upbit Listing Boosts JASMY

This listing has increased trading volumes and introduced JASMY to new markets. Upbit’s reach extends across South Korea, Singapore, and Indonesia, some of the most active crypto regions.
The added visibility strengthens JasmyCoin’s credibility, bringing in more investors and traders.

JasmyCoin focuses on empowering individuals to control their personal data. Businesses also benefit by using secure, blockchain-based data management solutions.

This approach positions JasmyCoin as a leader in privacy-oriented technology, addressing a growing demand for secure systems in the IoT space.

With more adoption and interest, JasmyCoin continues to establish a strong foothold in markets that value blockchain innovation.

The Upbit listing represents a significant step toward expanding recognition and driving future growth.

Key Technical Levels: What the Charts RevealJASMY is currently priced at $0.02079, consolidating near the support zone of $0.02162.

Reduced volatility, indicated by the Bollinger Bands, suggests accumulation near this level. A breakout above $0.02162 could signal strength, driving the price toward resistance at $0.02403.

The next resistance at $0.03000 marks a critical level that could lead to further gains. However, a drop below $0.02072 may confirm bearish pressure, possibly pushing the price to $0.01600.

The cup and handle formation highlights growing momentum, signaling a potential breakout.

#Jasmy #Jasmycoin #AltcoinSeason #MemecoinSeason2024 #CryptoNews

Doge To Surge 120%, Here’s When

Dogecoin is currently one of the most promising cryptocurrency tokens in the market. Doge has already been amped up, as it’s one of the tokens that Tesla chief Elon Musk openly talks about.
With Musk officially connected with the White House through Doge, the token may soar to unprecedented highs, claiming a new ATH very soon.

Dogecoin On The Verge Of Hitting $0.82

Dogecoin is currently sitting at $0.42, down 3% in the last 24 hours. The consistent ebb and flow in Doge’s price is due to Bitcoin’s volatile price levels. The king of cryptocurrencies has dipped a little in the past two days, stabilizing at $98K at press time.

However, Doge is destined to scale high on the radar due to its close connectivity with Tesla chief Elon Musk. Now that Musk is ready to take over the DOGE department, the acronym hints at Doge’s expected price spike, which may continue for the long haul if the market supports it.

In addition to this, Ali, a notable crypto analyst, has shared a striking price analysis for Dogecoin, stating the token may soon hit the $0.82 price mark. Per Ali, Dogecoin is currently creating a bullish formation on its chart, hinting at a potential 120% price surge.

If Doge continues to hold support at $0.37 and does not dip further below, it may soon claim the coveted $0.82, provided that it continues to leverage the current market momentum.

As Ali mentions Doge is currently in the middle of the bullish breakout, if the momentum supports, the token may claim the coveted price mark before the end of 2024.

As December approaches, expectations surrounding Doge hitting new highs are also spiking. However, Per CoinCodex, Doge may note a 6% dip in December, sitting at a $0.39 price by December 25, 2024.

“According to our current Dogecoin price prediction, the price of Dogecoin is predicted to drop by -6.28% and reach $0.394263 by December 25, 2024.

#DOGE #Dogecoin #Memecoins #Altcoins #CryptoNews

Bitcoin Dips Below $100K as Altcoins React

The crypto market led by Bitcoin recorded a slight pullback on Sunday, “dragging” the total market capitalization down by 2.4%.
A very reliable indicator has highlighted that the bullish momentum that drove the Bitcoin price to almost $100k is not being replenished, and this could be devastating if any negative news emerges.

The crypto market recorded a temporal downtrend following weeks of consistent uptick which forced most of the leading assets into the overbought territory.

According to our market data, Bitcoin (BTC), which was just some $346 shy of the $100,000 price point, withdrew to $95,500 on Sunday, November 24.

Similarly, Stellar Lumens (XLM) declined to $0.44 from its monthly high of $0.63. Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Cardano (ADA), and Shiba Inu (ADA) were no exception either. From our research, the total market capitalization declined by 2.4% within the period.

The Recorded Liquidations and Institutions Involvement
Further exploring the sudden pullback, CNF discovered that crypto-tracked futures recorded a massive liquidation of $500 million in both longs and shorts.

Specifically, $366 million of the recorded liquidations were in longs, while $127 million were in shorts, according to data retrieved from Coinglass. For the small altcoins and the futures tracking midcaps, more than $100 million were recorded in liquidation.

Meanwhile, the market appears to have recovered in the early hours of Monday, November 25, as Bitcoin stages a bullish reversal into $98k while the broad market losses reduce to under 2%.

According to the COO of crypto exchange BTSE, Jeff Mei, Bitcoin could likely return to $100k since key indicators suggest the large involvement of institutional investors.

Per his observation, funds would soon move into Ethereum Exchange Traded Fund (ETF) and Solana once its ETF gets approved. Mei also predicted that this bull run could continue into 2025.

#Bitcoin100K #btc100k #cryptomarket #AltcoinSeason #CryptoNews

With a $1 Breakout, Can Fantom (FTM) Price Reach $1.66?

Despite the sudden increase in volatility in the crypto market, as Bitcoin struggles to eclipse the $100,000 barrier, the altcoins are sustaining a bullish trend. The FTM price has increased nearly 35% over the past 7 days and has reached a market cap of $2.7 billion.

Currently, the Fantom price is heading to reclaim the $1 psychological mark as the underlying bullish sentiments are on the rise. Will this $1 breakout result in a parabolic price surge in the FTM price trend? Let’s find out in Coinpedia’s latest Fantom price analysis.

Fantom Price Performance

In the daily chart, the FTM price action showcases a streak of four consecutive bullish candles. The streak started from the 100-day EMA near the $0.64 mark and peaked at the $1 psychological mark. This accounts for a 56.49% price surge in just four days.

However, the intraday pullback of 3.90% reveals the massive overhead supply absorbing the demand surge. The FTM price analysis showcases a resistance trendline breakout surpassing the 78.60% Fibonacci level at $0.9610.

The intraday pullback comes as a potential retest of the breakout rally, increasing the post-retest reversal bull run chances. With the resistance trendline breakout, the FTM price trend has outgrown the rising channel pattern and is likely to reach the $1.14 neckline.

This will complete the rounding bottom reversal and increase the chances of a new 52-week high.

Technical Indicators:

EMA: Supporting the bullish chances, the 50-day, 100-day, and 200-day EMA are in a positive alignment.

MACD: The MACD indicator showcases the average line skyrocketing with the surge of bullish histograms. Hence, the technical indicators are maintaining a buy signal for Fantom.

Will FTM Price Hit $1.66?

Currently, the 52-week high stands at $1.2291, revealing an upside chance of nearly 30%. The Fibonacci levels paint an optimistic target at $1.3748, followed by the $1.66 resistance level.

#Fantom #FTM: #AltcoinSeason #Altcoin #CryptoNews

Solana (SOL) Bulls Stay in Control: Rally Far From Over?

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading.

Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns.
Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading.

With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.

As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets.

His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation.

Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance.

#Solana #SOL #Altcoin #Crypto #CryptoNews

Binance Coin Breaks Key Resistance, Is $775 the Next Milestone for BNB?

BNB broke key resistance at $665, signaling potential for a rally to $775.

Strong technical indicators, including the RSI and 200 EMA, suggest continued bullish momentum.Increased Open Interest and trader participation support BNB’s upward trend and future growth.

Binance Coin has recently surged past a key resistance level, drawing attention from traders. After breaking through $665, BNB is gaining momentum. Market watchers are now asking: Can BNB hit $775 next? Let’s explore the key levels and factors driving this bullish move.

Technical Breakout and Key Levels to WatchBNB recently broke out of a bullish flag and pole pattern. This is a strong signal that more gains could be on the way.

The price action shows BNB is moving upward, with the $665 resistance level now surpassed. If BNB can hold above $670 and close a daily candle at this level, the next target could be $775.

BNB is currently trading above the 200 Exponential Moving Average (EMA), indicating an upward trend. The Relative Strength Index (RSI) also suggests more room to grow. With the RSI pointing upward, BNB has plenty of potential for further gains. If the $670 level holds, the path toward $775 remains clear.

Bullish On-Chain Metrics Confirm the Trend

BNB’s on-chain metrics back up this bullish outlook. Open Interest (OI) has jumped by 11.25% in the last four hours, indicating strong trader interest. More traders are positioning themselves for future gains, pushing the price higher.

Liquidation data shows traders were over-leveraged at $656 and $683, suggesting many are betting on BNB’s continued rise. This growing interest adds confidence to the upward movement.

Over the past 24 hours, BNB has gained 7.5%, with trading volume also rising by 7.5%. This shows that more traders are becoming involved, fueling the rally.

#BNB #BNBChain #Binance #Altcoin #CryptoNews