Options trading on BlackRock’s iShares spot Bitcoin ETF (IBIT) goes live on Nasdaq. The development provides Wall Street investors with leveraged exposure to the world’s largest cryptocurrency by market cap. OCC Confirms BlackRock Options Listing Nasdaq’s listing of IBIT options comes several hours after the Options Clearing Corporation (OCC) provided an update for the new listing. Last month, the U.S. SEC approved the 11 Bitcoin ETFs, including BlackRock’s IBIT, for options trading. Yesterday, the OCC released a memo confirming its readiness for the clearance and settlement of the product, beginning with IBIT. Furthermore, Allison Hennessey, Nasdaq’s head of ETP listings, informed Bloomberg’s ETF analyst Eric Balchunas of the exchange’s plans to list and trade IBIT options today, on November 19. Hours after the announcement, BlackRock’s Bitcoin ETF options launched on Nasdaq, giving investors the right to trade IBIT shares at a specified price.
Over the past few days, Dogecoin has struggled to regain its footing after briefly touching $0.4359 a week ago. The meme coin king has oscillated mostly within a tight range between $0.3500 and $0.3800, showing weak price action after its speculative bull run lost steam. However, Dogecoin showed promising signs of a comeback today, following a 10% green candle that pushed it back into the $0.4000 range. For context, since November 14, when Dogecoin dropped below the $0.40 mark, it had not regained that threshold until today. At press time, DOGE is trading at $0.3950 after a brief pullback.
"29,900+ Wallets Exit Cardano After 108% Price Surge—What’s Next for ADA?"
The number of active wallets on the Cardano network has decreased by 29,976 in the past 13 days amid retail profit-taking as larger holders accumulate assets.
Leading crypto exchange Crypto.com is set to launch a promotional event for Shiba Inu, triggering a reaction from lead developer Shytoshi Kusama. Crypto.com is preparing to launch a promotional event enabling its users to earn SHIB by staking Cronos (CRO). The exchange quietly unveiled the offering in its Crypto Arena without issuing an official announcement.
In the daily chart, AKT‘s price action shows a bullish reversal, breaking multiple resistance levels. As the trend momentum grows, the uptrend has crossed the $4 psychological mark and aims for a new 52-week high. Will this bullish recovery manage to surpass the $6.82 mark in 2024? Let’s find out. Akash Network (AKT) Price Analysis The ongoing recovery run started from the $2.07 low and is currently trading at $4.2037. Notably, the token has seen an intraday gain of 10.92%. The ongoing bull run accounts for a massive gain of 103% over the last 16 days from $2.07 to $4.2613. The recovery rally has surpassed the 61.80% Fibonacci level at $4.09, revealing a massive bullish influence on the daily chart. The 50-day and 100-day EMAs are poised to give a bullish crossover. Furthermore, the MACD and signal line have surged significantly, intensifying the bullish histograms. Hence, the technical indicators cement a credible bullish trend with no divergences. As the bullish trend breaks a long-coming resistance trend line, the reversal rally in AKT price is now aiming for a new 52-week high. AKT’s price is approximately 38% below its 52-week high of $6.82, indicating room for growth in the ongoing recovery.
Bitcoin has been in a holding pattern for the past few days with no significant price movements, unlike the sharp fluctuations seen in previous weeks. Since Bitcoin’s peak of $93,500 on November 13, it has struggled to move higher. While it underwent a mild correction, dropping to $86,682, it has since rebounded to $92,600. Over the past six days, Bitcoin has oscillated between $89K and $91K, with no major price changes. In this passive market, participants are both cautious and excited, anticipating either a significant dip or a sharp upward move.
Shawn Oroogle, a member of the World Economic Forum, recently raised awareness about rumors suggesting a potential announcement regarding an alliance between XRP, Hedera (HBAR), and Goldman Sachs. While Shawn acknowledged that it was just a rumor and stated that he was “gathering more evidence,” he did not provide any concrete foundation for the speculation. Nevertheless, his tweet sparked interest within the crypto community, especially among the XRP Army. Many expressed excitement that something “big” may be coming for XRP. To fuel the speculation, some have pointed to a past conversation between Ripple CEO Brad Garlinghouse and Hedera Co-Founder Leemon Baird, during which they discussed a possible blockchain collaboration. However, while Ripple and Hedera may have some connection, the potential involvement of Goldman Sachs in such a partnership remains unconfirmed as of press time. Meanwhile, this speculation coincided with news that Goldman Sachs is pursuing new ventures in the blockchain space.
The asset under management (AUM) of AXRP, a major XRP ETP issued by 21Shares, has crossed a major milestone. In a Monday tweet, the Zurich-headquartered asset manager revealed that its XRP investment product has surpassed the $100-million AUM mark.
"Ripple CEO and Deaton Oppose Bob Stebbins for SEC Chair—The Inside Story"
Crypto stakeholders, including Ripple CEO, raise concerns about Bob Stebbins’ candidacy for the SEC Chairmanship position, citing his past unfavorable regulatory actions.
"Cardano and Ripple Executives Discuss Partnership for a Strategic Collaboration"
The crypto industry could be on the verge of witnessing a historic collaboration between Cardano and Ripple, two of the most prominent crypto ecosystems.
XRP’s market cap dominance has risen following the token’s recent resurgence above $1 for the first time in three years. Amid the spike to $1, XRP’s market valuation surged beyond $60 billion, allowing it to again become the sixth-largest crypto asset. This has led to an increase in market dominance for the altcoin. Currently at 2.09%, XRP’s dominance has nearly doubled from its 1.05% low in June.
As the development of Midnight progresses, Cardano founder Charles Hoskinson recently gave hints on the eligibility criteria for its airdrop. Hoskinson shared new information about the Midnight airdrop during a surprise AMA session on Nov. 17, triggering both excitement and discussions within the Cardano community. Midnight, a privacy-focused sidechain under the Cardano ecosystem, is looking to revolutionize blockchain privacy. However, questions about eligibility and distribution mechanisms remain unanswered, leaving the community eager for more information.
Over the weekend, Bitcoin exhibited significant resilience despite a brief dip below the $89,000 threshold on Sunday. This temporary drop, driven by bearish pressure, was quickly countered by strong buying activity, which propelled the cryptocurrency into a sharp V-shaped recovery. Currently, Bitcoin is trading at $89,804.34, reflecting a 0.88% decline over the past 24 hours. However, the broader trend remains positive, with the cryptocurrency posting a 9.26% gain over the past week.
Stellar (XLM) has become the latest cryptocurrency to engineer a breakout as the broader market bullish sentiment has rubbed off on the asset. While Bitcoin consolidates following its explosion to above $90,000, XLM has swung to a three-year price high. The 20th-ranked cryptocurrency by market cap has surged an impressive 116% in the past seven days, rising beyond $0.200. Furthermore, XLM is up a staggering 144% in the past month, benefiting extensively from the prevailing bullish market momentum and following XRP’s path.