🚀 MicroStrategy Rockets Past S&P 500! 🚀
- MicroStrategy's stock has outperformed every S&P 500 company since August 2020, says Arkham Intelligence.
- Retail investors are loving leveraged Bitcoin ETFs, pushing MicroStrategy's net assets over $400M.
- Crypto analyst Tyler Durden hints at more upside, noting, "The bigger the grey box, the bigger the bounce."
- Despite its stellar performance, don't expect MicroStrategy in the S&P 500 soon. Profits are still a bit elusive.
Hold on to your hats, crypto enthusiasts! This ride isn't over yet! 🚀
🇺🇸 LATEST: Trump’s 2024 Election Odds Surge! 🚀 🇺🇸
In a major political shift, Donald Trump’s odds of winning the 2024 U.S. Presidential Election have jumped to 57.9% on Polymarket, leading Kamala Harris by a significant 16% margin!
🔥 Key Highlights:
Trump’s surge reflects growing confidence from bettors in his potential victory.
Bet volume has skyrocketed, surpassing $1.92 billion, as more participants join the market.
With just over a year until the election, this shift in odds shows the intense volatility in political sentiment and how it's impacting prediction markets.
💡 What Does This Mean for the Markets? Political outcomes often influence traditional and crypto markets alike. A strong Trump lead could signal future economic and policy changes, and the growing volume on Polymarket shows that traders are keeping a close watch. 📊
Are you tracking election odds? Let us know how you're positioning yourself in the market! 🗳️💼
#Trump2024 #Polymarket #ElectionOdds #CryptoTrading #USPolitics
Donald Trump Raises 7.5 Million Dollars in
Cryptocurrency Donations.
A political action committee supporting Donald Trump's presidential campaign raised approximately 7.5 million dollars in cryptocurrency donations from July to September 2024. These donations came from significant cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, and the US dollar-backed stablecoin USDC.
Cryptocurrency Support Strengthens the Campaign.
The Trump 47 joint fundraising committee reported a significant flow of funds in digital currencies from the beginning of July through the end of September. According to the recent filing with the Federal Election Commission, these donations materialized in forms such as Bitcoin, Ether, XRP, and stablecoins like USDC.
This investment has positioned Trump prominently among leading crypto- supported candidates.
Trump's Shift Towards Cryptocurrency.
This strategic change represents a complete turnaround from Trump's previous skepticism towards digital currencies during his presidency. As the 2024 elections approach, these donations will play a crucial role in boosting Trump's campaign efforts.
Diverse Sources of Donations.
The FEC filing indicates that contributions were collected from more than 15 states, including several battlegrounds and U.S. territories like Puerto Rico. Donations from leading firms like Coinbase, Ripple, and Andreessen Horowitz highlight the crypto community's support for Trump.
Donald Trump became the first major presidential candidate to accept donations in digital tokens. This move illustrates the increasing acceptance of cryptocurrencies in campaign financing.
Trump's shift from skepticism to advocacy for crypto occurred under the influence of industry leaders like David Bailey, CEO of BTC Inc., and Elon Musk. This support culminated with Trump's participation in a major Bitcoin conference, demonstrating his full endorsement of the crypto industry.
Trump's opponent, Kamala Harris, also received a one million dollar donation in XRP from Ripple's chairman Chris Larsen.
🚀 Exciting News from the European Blockchain Convention! 🚀
Giovanni Cunti, CEO of Gate.MT, shared groundbreaking insights at the Barcelona event on Sep 25-26. He highlighted the rising institutional interest in Web3, driven by the upcoming Markets in Crypto Assets (MiCA) regulations.
Key Points:
- MiCA will bring regulatory clarity, fostering growth and stability in the EU's digital asset market.
- New and established players are gearing up for increased involvement.
- Gate.MT plans to expand across Europe, with Malta as its central hub.
Join the conversation! How do you think MiCA will shape the future of crypto in Europe? 💬👇
**MicroStrategy Stock Outshines S&P 500 Since 2020**
MicroStrategy has been on a roll, outperforming every company in the S&P 500 since August 2020. According to onchain intelligence firm Arkham, the company's stock has surged over 1,540% in the past four years, dwarfing the S&P 500's 111% growth.
This impressive performance is partly driven by MicroStrategy's bold move to hold Bitcoin on its balance sheet. Leveraged MicroStrategy ETFs have also gained traction, surpassing $400 million in net assets.
Despite its success, an S&P 500 listing seems unlikely soon due to profitability requirements. Stay tuned for more updates!
ARKM/USDT Price Analysis: Testing Key Resistance Levels
$ARKM
{spot}(ARKMUSDT)
{future}(ARKMUSDT)
Moving Average (MA) and VWAP:
The 200-period MA is positioned at approximately $1.383, with the current price above this level, indicating bullish momentum. If the price continues to hold above this level, it may suggest further upward movement.The VWAP is currently at $1.934, which aligns closely with the recent price movement, implying that buyers are supporting the price around this level. A break above VWAP could reinforce bullish sentiment.
Relative Strength Index (RSI):
The RSI stands at around 60.52, nearing overbought territory but still suggesting strong bullish momentum. If the RSI moves above 70, caution for a potential correction may be warranted.
Moving Average Convergence Divergence (MACD):
The MACD histogram shows positive values, with the MACD and signal lines both above zero, suggesting a bullish trend. A sustained crossover of the MACD line above the signal line could further confirm a bullish continuation.
Cluster Analysis and Support/Resistance Levels:
Strong support is observed around $1.800, where several clusters indicate buying interest.Resistance is expected between $2.000 - $2.100, and this level will be crucial for confirming a bullish breakout if price breaches this resistance zone.
Bullish Scenario:
A continued move above the $1.934 VWAP with sustained volume could propel ARKM towards the resistance zone around $2.100. Trading above the 200-period MA would further confirm the bullish outlook.
Bearish Scenario:
If ARKM fails to hold above the $1.800 support level, it could signal a potential pullback towards $1.600, where further support may be found. A drop below the 200-period MA would suggest a deeper correction.
Disclaimer:
This analysis is provided for informational purposes only and does not constitute financial advice. Cryptocurrency trading involves substantial risk, and readers are advised to perform their own research and consult with a financial advisor before making any investment decisions.
AI, Web3, and Decentralization: How does Web3 impact Generative AI?
Find out on October 30th at @binance #BinanceBlockchainWeek in Dubai! Join Ocean founder @BrucePon and other renowned industry experts including:
🎤 Moderator - Tracy Zhang from @followin_io
@HMsheikh4, CEO of @Fetch_ai
Arni Raghvender, GenAI Director at @awscloud
@xiangrenNLP, Co-founder and CEO of @SaharaLabsAI
📅 Mark your calendars and don't miss out!
The most trending assets on Binance today display strong performance:
$BNB is trading at $598.50, up +2.15%, maintaining a bullish phase with steady gains.
$BTC has risen by +3.65% to $67,869.98, continuing its upward momentum, suggesting high market confidence.
$ETH is at $2,623.81, with a modest gain of +1.02%, indicating possible consolidation.
#NEIRO has dropped slightly by -0.51% to $0.00201841, experiencing a minor correction.
#PEPE is up +2.43% at $0.00001054, showing continued strength in the memecoin sector.
#SOL is also on the rise, gaining +2.00% to $156.57.
#SCR is the top performer, surging +10.97% to $1.36, with strong buying interest.
Overall, the market shows bullish tendencies, with most assets gaining value. Only NEIRO shows a slight decline.
LTC/USDT Price Movement Insights
$LTC
{spot}(LTCUSDT)
{future}(LTCUSDT)
Moving Average (MA) and VWAP
The 200-period Moving Average on the 4-hour chart is around $66.07, with the price currently above this level, indicating a bullish momentum in the short term.The VWAP is positioned at $71.51, slightly above the current price, suggesting that buyers are currently in control, but any move below this level could introduce bearish sentiment.
Relative Strength Index (RSI)
The RSI is at 75.39, which is in the overbought zone, indicating that the price may experience a short-term pullback before any further upward movement.
Moving Average Convergence Divergence (MACD)
The MACD line (0.83) is above the signal line (0.56), with a positive histogram. This crossover indicates that bullish momentum may continue in the near term.
Cluster Analysis
The cluster analysis shows significant interest around the $71 level, with best clusters highlighting factors like [1.5, 3, 3.5]. Average clusters around $66 suggest that any drop below this level could encounter resistance from buyers, and continued trading above this zone could support a bullish outlook.
Bullish: If the price holds above $71.00, there is potential for a further move towards $75.00 and beyond. A consistent trade above the 200-period MA will reinforce this bullish outlook.Bearish: Failure to sustain above the VWAP at $71.51 could lead to a correction down to $66.00 or even lower if selling pressure intensifies.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and unpredictable. Please conduct your own research and consult with a financial advisor before making any trading decisions.
CryptoQuant has unveiled a new on-chain data dashboard for the Bitcoin network, offering a comprehensive suite of tools for analyzing Bitcoin’s on-chain activity. This platform provides real-time insights into various market dynamics, including market demand trends, network activity, Bitcoin ETFs, derivatives markets, and long-term economic data.
Key data categories include Bitcoin Addresses Status, Unrealized Profit and Loss, Realized Cap Status, Macro Picture Data, Spot Bitcoin ETFs, and Bitcoin Derivatives. By leveraging these tools, investors can gain a deeper understanding of Bitcoin's market behavior and make more informed investment decisions.
Visit CryptoQuant’s platform for continuous monitoring and analysis.
🔥5 Chinese tokens for this Bull Run😈♥️♥️♥️
🟠Conflux (CFX): is an innovative L1 blockchain protocol with Proof of Useful Work (PoUW) & the integration of zero-knowledge proof technology, both of which are expected to enhance network performance+security
🟠Filecoin (FIL): aims to provide scalable & safe data solutions as it broadens its impact in the decentralised storage space
🟠Vechain (VET): is making waves in global trade while focusing on solving real-world problems like product authenticity, transparency, & sustainability
🟠Sun (SUN): SUN serves as the utility token for Sun Pump, a meme coin launch platform on the Tron network, similar to Solana’s Pump.fun memecoin deployer
🟠Neo (NEO): NEO is one of the earliest Chinese narrative blockchains aiming to compete with ETH, the platform is building a “smart economy” through which users can manage their assets+digital identities
💬Сhat • 🌐Net • 📹YouTube
CryptoQuant has unveiled a new on-chain data dashboard for the Bitcoin network, offering a robust suite of tools for tracking and analyzing Bitcoin’s on-chain activity. This platform provides real-time insights into market demand trends, network activity, Bitcoin ETFs, derivatives markets, and long-term economic data.
Key data categories include Bitcoin Addresses Status, Bitcoin Unrealized Profit and Loss, Realized Cap Status, Bitcoin Macro Picture Data, Spot Bitcoin ETFs, and Bitcoin Derivatives. These tools enable investors to continuously monitor Bitcoin's market dynamics and make more informed investment decisions.
The introduction of this dashboard signifies a positive development for the cryptocurrency market, enhancing transparency and data accessibility.
🚀 Glassnode and Coinbase have launched their Q4 crypto market report, highlighting key trends and insights. Despite Bitcoin's range-bound price action between $50,000 and $60,000, the market has matured with increased liquidity and sophistication. Institutional interest remains strong, with US Bitcoin spot ETFs seeing $5 billion in net inflows. Ethereum staking hit an all-time high, reflecting growing confidence in its long-term value. Stablecoins also reached a record $170 billion market cap, proving their utility in cross-border transactions. 📊 Download the full report for a comprehensive view of these trends.
$SCR
{spot}(SCRUSDT)
SCR/USDT Market Analysis: Potential Breakout
1. Moving Average (MA) and VWAP:
The 200-period Moving Average (MA) is around $1.356, which is currently below the price, suggesting a potential bullish trend if the price continues to stay above this level.The VWAP is positioned at $1.356, similar to the MA, which aligns with a potential support area. A move below this level may indicate a weakening of the current uptrend.
2. Relative Strength Index (RSI):
The RSI is around 57.81, close to the overbought territory. This indicates mild bullish momentum, though a continued move into overbought levels (above 70) could suggest an
overextended market.
3. Moving Average Convergence Divergence (MACD):
The MACD line is above the signal line, with a positive histogram, indicating a current bullish sentiment. However, the histogram bars are showing signs of weakening, suggesting a potential slowdown in momentum.
Cluster Analysis and Support/Resistance Levels:
The cluster analysis indicates a significant support level around $1.300, where there is strong buyer interest.The nearest resistance level is around $1.400, with cluster factors suggesting potential selling pressure at this point.
Bullish/Bearish Scenario:
Bullish: A breakout above the resistance at $1.400 with increased volume could drive prices towards the next psychological level at $1.500.
Bearish: If the price fails to hold above $1.300, it may lead to a retracement towards $1.200, especially if selling pressure intensifies.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading is highly volatile and can result in significant losses. Please conduct your own research and consult a financial advisor before making any investment decisions.
$BTC /USDT – A POWERFUL BULLISH PUSH AHEAD .
$BTC again hit 68k and it seems it will hit 69k Soon..
#Bitcoin is breaking out aggressively, trading at $68,319.64 USDT (+4.04% in the last 24 hours), just shy of the 24h high of $68,383.72 USDT. With volume surging and key support holding around $66,775.67 USDT, traders should keep an eye on the next resistance zones. If momentum holds, BTC could push towards new highs, and any break above $68,400 USDT may spark further upward movement. A pullback to $67,260.64 USDT could offer re-entry opportunities. The setup is primed for a high-stakes rally, with profit-taking opportunities up the ladder..
#BTCSoarsTo68K #MemeCoinTrending #10MTradersLeague
🛑Hong Kong police have taken down a multinational scam that used deepfake technology to swindle $46 million from men through fake cryptocurrency investments. The fraud, run by a syndicate, targeted victims in Hong Kong, Singapore, mainland China, and beyond.
The scammers used Al-generated images of women to form online romantic relationships. They convinced victims to invest in fake cryptocurrency platforms, even using deepfakes during video calls. Victims were shown fake profits to keep them investing.
The syndicate, involving university graduates and suspected Sun Yee On triad members, was divided into roles like scam operations and technical support. Police arrested 27 people and are continuing their investigation.
Romance scams, often called "pig butchering scams," are on the rise, with scammers increasingly using Al to create convincing schemes. Since October 2023, this syndicate defrauded victims out of HK$360 million (about $46 million).
Pending technical audits, we are happy to let you know that $Neiro will soon become available to hold and trade on @base!
We have a very positive outlook on Base, as it has established its position as the dominant Ethereum layer-2 chain, with the potential of onboarding millions of new onchain users.
For bootstrapping the liquidity, we have also applied for getting whitelisted on @AerodromeFi, Base’s largest DEX with over $1.3B in total assets deposited and hundreds of millions in daily volume.
Regarding the bridge safety, we are using @supermigrate, a canonical bridge that has received an investment from the Base Ecosystem Fund which is led by Coinbase Ventures. According to consultation we received, this is the safest way to do it.
Finally, we want to make it clear that this has no effect on the token on the Ethereum side. Regarding CEXes, they will only support the token on Ethereum (unless otherwise stated), so make sure that you only deposit to CEXes from Ethereum.
See you all soon on Base!