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"Bitcoin is the Best Trade Right Now, But Leverage Could Ruin You, Says Expert"
A market veteran warns traders and investors against the use of leverage for #Bitcoin trades despite admitting Bitcoin’s appeal.
Read more on: https://thecryptobasic.com/2024/12/19/expert-says-bitcoin-is-the-best-trade-you-ever-see-but-warns-against-leverage-use/
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Read more on: https://thecryptobasic.com/2024/12/19/expert-says-bitcoin-is-the-best-trade-you-ever-see-but-warns-against-leverage-use/
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Donald Trump’s family crypto business, World Liberty Financial, is stacking millions worth of #Ethereum , Chainlink, and AAVE.
On-chain data shows that the decentralized finance (DeFi) protocol World Liberty Finance (WLFI) has gone on an altcoin acquisition spree. Per Etherscan, the Donald Trump-affiliated firm has spent millions of USDC to buy major cryptocurrencies.
World Liberty Acquires Ethereum and Notable Altcoins
Data from Etherscan shows that World Liberty Financial resumed cryptocurrency acquisition with the Aave token. Early Thursday, a wallet tied to the DeFi protocol spent 1 million USDC to acquire 3,357 AAVE in over ten transactions at an average cost of $297.8.
Furthermore, the WLFI “0x5bE9” wallet began acquiring Chainlink (LINK) afterward. The protocol used another 1 million USDC to buy 41,335 LINK at an average cost of $24.2 per coin through the CoW Protocol.
Finally, the World Liberty Financial address bought $10 million worth of Ethereum. Specifically, the platform spent USDC to acquire 2,631 ETH at an average cost of $3,801, taking its stash to 14,574 ETH ($57.2 million).
At press time, the WLD altcoin wallet’s value stands at $17.5 million. The wallet holds other notable assets like Coinbase Wrapped Bitcoin, the USDT and USDC stablecoins, and some meme coins.
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On-chain data shows that the decentralized finance (DeFi) protocol World Liberty Finance (WLFI) has gone on an altcoin acquisition spree. Per Etherscan, the Donald Trump-affiliated firm has spent millions of USDC to buy major cryptocurrencies.
World Liberty Acquires Ethereum and Notable Altcoins
Data from Etherscan shows that World Liberty Financial resumed cryptocurrency acquisition with the Aave token. Early Thursday, a wallet tied to the DeFi protocol spent 1 million USDC to acquire 3,357 AAVE in over ten transactions at an average cost of $297.8.
Furthermore, the WLFI “0x5bE9” wallet began acquiring Chainlink (LINK) afterward. The protocol used another 1 million USDC to buy 41,335 LINK at an average cost of $24.2 per coin through the CoW Protocol.
Finally, the World Liberty Financial address bought $10 million worth of Ethereum. Specifically, the platform spent USDC to acquire 2,631 ETH at an average cost of $3,801, taking its stash to 14,574 ETH ($57.2 million).
At press time, the WLD altcoin wallet’s value stands at $17.5 million. The wallet holds other notable assets like Coinbase Wrapped Bitcoin, the USDT and USDC stablecoins, and some meme coins.
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#Cardano founder Charles Hoskinson provides more insight into his discussions with Ripple execs Brad Garlinghouse and David Schwartz, hinting at potential collaboration with the XRP ecosystem.
During a recent interview on the Cardano-focused YouTube channel Big Pey, Hoskinson revealed that he had a productive conversation with Garlinghouse and Schwartz.
He suggested that the engagement marked a positive shift from their previously strained relationship as both parties have since moved past these issues.
Potential Partnership Between XRP and Cardano Ecosystems
According to Hoskinson, the discussion focused on the respective roles of Cardano and XRP within the crypto ecosystem.
He also revealed that they explored ways the Cardano and XRP ecosystems could collaborate to foster adoption and innovation. The collaboration revolves around Cardano’s Midnight and Marlowe.
For context, while Midnight is a privacy-focused sidechain on Cardano, Marlowe offers a set of open-source tools for creating smart contracts on Cardano.
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During a recent interview on the Cardano-focused YouTube channel Big Pey, Hoskinson revealed that he had a productive conversation with Garlinghouse and Schwartz.
He suggested that the engagement marked a positive shift from their previously strained relationship as both parties have since moved past these issues.
Potential Partnership Between XRP and Cardano Ecosystems
According to Hoskinson, the discussion focused on the respective roles of Cardano and XRP within the crypto ecosystem.
He also revealed that they explored ways the Cardano and XRP ecosystems could collaborate to foster adoption and innovation. The collaboration revolves around Cardano’s Midnight and Marlowe.
For context, while Midnight is a privacy-focused sidechain on Cardano, Marlowe offers a set of open-source tools for creating smart contracts on Cardano.
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"Bitcoin Soars to All-Time High; Brandt Foresees Further Gains Ahead"
#Bitcoin has clinched a new all-time high against gold amid the latest upsurge, with market veteran Peter Brandt expecting further upside.
Read more on: https://thecryptobasic.com/2024/12/16/bitcoin-hits-new-all-time-high-against-gold-brandt-says-higher/
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Read more on: https://thecryptobasic.com/2024/12/16/bitcoin-hits-new-all-time-high-against-gold-brandt-says-higher/
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Crypto Market Crash: XRP, ADA, and DOGE Down Double Digits; Is This the Final Dip?
Crypto Market Crash: XRP, ADA, and DOGE Down Double Digits; Is This the Final Dip?
Crypto dips 10-20%: Experts see it as a healthy correction in the bull cycle, with Bitcoin near $96K and altcoins like ADA and XRP facing double-digit losses.
Bullish outlook: Analysts call current dips a buying opportunity, citing historical rebounds and optimism for 2025 amid U.S. Bitcoin buys and new tax policies.
The crypto market is experiencing a dip, but for many experts, this is seen as a healthy correction in the ongoing bull cycle. Despite the decline in prices, the sentiment remains bullish, with many expecting further growth in the long term.
Bitcoin has dipped by more than three percent and is trading close to the $96k level at the time of writing.
While the Bitcoin market might be seeing declines, altcoins are also experiencing corrections, and this phase is seen as a crucial part of the market’s long-term cycle. Altcoins like XRP, ADA, DOGE and TRON have recorded double-digit losses and might even dip further.
Some market analysts, including prominent figures in the crypto space, have been calling for a 10-20% dip, seeing it as a necessary correction. With the total cryptocurrency market cap recently falling to around $930 billion, many are watching closely to understand if this is the bottom or if further declines are ahead.
Analyst Crypto Capital Venture pointed to historical data showing 30% dips in total market cap, including significant drops in altcoins. Such corrections are viewed not as bearish signals, but as opportunities for a stronger bullish run.
Looking closely at altcoins, the analyst gave Cardano (ADA) as an example. After breaking a dollar, ADA experienced some volatility, with price drops below $1, but the analyst remains bullish.
“These moves are normal,” the analyst explained, pointing to past cycles where ADA experienced dips but later surged back to higher levels.
Conclusion: Will the Bullish Trend Survive?
Recent developments, including potential U.S. government Bitcoin purchases and discussions around a new crypto tax policy, are fueling optimism for 2025. These factors, combined with historical market patterns, suggest that the bullish trend could continue into the next year, despite current volatility.
The analyst said that for long-term holders, these dips are seen as buying opportunities ahead of what could be a significant bull run in the near future.
#altcoinscrash #Memecoins #cryptocurrencies #cryptomarketdump #CryptoNewsDaddy
Crypto dips 10-20%: Experts see it as a healthy correction in the bull cycle, with Bitcoin near $96K and altcoins like ADA and XRP facing double-digit losses.
Bullish outlook: Analysts call current dips a buying opportunity, citing historical rebounds and optimism for 2025 amid U.S. Bitcoin buys and new tax policies.
The crypto market is experiencing a dip, but for many experts, this is seen as a healthy correction in the ongoing bull cycle. Despite the decline in prices, the sentiment remains bullish, with many expecting further growth in the long term.
Bitcoin has dipped by more than three percent and is trading close to the $96k level at the time of writing.
While the Bitcoin market might be seeing declines, altcoins are also experiencing corrections, and this phase is seen as a crucial part of the market’s long-term cycle. Altcoins like XRP, ADA, DOGE and TRON have recorded double-digit losses and might even dip further.
Some market analysts, including prominent figures in the crypto space, have been calling for a 10-20% dip, seeing it as a necessary correction. With the total cryptocurrency market cap recently falling to around $930 billion, many are watching closely to understand if this is the bottom or if further declines are ahead.
Analyst Crypto Capital Venture pointed to historical data showing 30% dips in total market cap, including significant drops in altcoins. Such corrections are viewed not as bearish signals, but as opportunities for a stronger bullish run.
Looking closely at altcoins, the analyst gave Cardano (ADA) as an example. After breaking a dollar, ADA experienced some volatility, with price drops below $1, but the analyst remains bullish.
“These moves are normal,” the analyst explained, pointing to past cycles where ADA experienced dips but later surged back to higher levels.
Conclusion: Will the Bullish Trend Survive?
Recent developments, including potential U.S. government Bitcoin purchases and discussions around a new crypto tax policy, are fueling optimism for 2025. These factors, combined with historical market patterns, suggest that the bullish trend could continue into the next year, despite current volatility.
The analyst said that for long-term holders, these dips are seen as buying opportunities ahead of what could be a significant bull run in the near future.
#altcoinscrash #Memecoins #cryptocurrencies #cryptomarketdump #CryptoNewsDaddy
"Cardano’s All-Time High in Sight: Analyst Reveals Key Timeline"
Crypto analyst Dan Gambardello shares a bold outlook on #Cardano (ADA), predicting that the cryptocurrency could break its all-time high in the next 30 to 60 days.
Read more on: https://thecryptobasic.com/2024/12/05/top-analyst-predicts-timeline-for-cardano-to-finally-reach-all-time-high/
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Read more on: https://thecryptobasic.com/2024/12/05/top-analyst-predicts-timeline-for-cardano-to-finally-reach-all-time-high/
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"Bitcoin Eyes Dominance Over Gold: Peter Brandt Highlights Breakout Signal"
#Bitcoin performance relative to Gold reaches an important juncture, according to a recent analysis from market veteran Peter Brandt.
Read more on: https://thecryptobasic.com/2024/12/11/bitcoin-hits-critical-level-against-gold-after-falling-channel-breakout-peter-brandt/
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Read more on: https://thecryptobasic.com/2024/12/11/bitcoin-hits-critical-level-against-gold-after-falling-channel-breakout-peter-brandt/
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"SHIB Set to Break All-Time High as Momentum Builds in Current Market Cycle"
A market analyst expects #shiba⚡ Inu to breach its 2020/2021 all-time high in the current market cycle.
Read more on: https://thecryptobasic.com/2024/12/17/shiba-inu-to-break-all-time-high-record-in-current-cycle-says-pundit/
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Read more on: https://thecryptobasic.com/2024/12/17/shiba-inu-to-break-all-time-high-record-in-current-cycle-says-pundit/
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"‘DogeReaper’ Breach Leaves 69% of Dogecoin Nodes Offline"
Over the past 24 hours, a veil of confusion has surrounded the #Dogecoin (DOGE) community amid claims of a critical attack on the network.
Read more on: https://thecryptobasic.com/2024/12/13/did-69-of-dogecoin-nodes-truly-crash-what-we-know-about-the-dogereaper-hack/
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Read more on: https://thecryptobasic.com/2024/12/13/did-69-of-dogecoin-nodes-truly-crash-what-we-know-about-the-dogereaper-hack/
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Crypto Market Crash: XRP, ADA, and DOGE Down Double Digits; Is This the Final Dip?
Crypto dips 10-20%: Experts see it as a healthy correction in the bull cycle, with Bitcoin near $96K and altcoins like ADA and XRP facing double-digit losses.
Bullish outlook: Analysts call current dips a buying opportunity, citing historical rebounds and optimism for 2025 amid U.S. Bitcoin buys and new tax policies.
The crypto market is experiencing a dip, but for many experts, this is seen as a healthy correction in the ongoing bull cycle. Despite the decline in prices, the sentiment remains bullish, with many expecting further growth in the long term.
Bitcoin has dipped by more than three percent and is trading close to the $96k level at the time of writing.
While the Bitcoin market might be seeing declines, altcoins are also experiencing corrections, and this phase is seen as a crucial part of the market’s long-term cycle. Altcoins like XRP, ADA, DOGE and TRON have recorded double-digit losses and might even dip further.
Some market analysts, including prominent figures in the crypto space, have been calling for a 10-20% dip, seeing it as a necessary correction.
With the total cryptocurrency market cap recently falling to around $930 billion, many are watching closely to understand if this is the bottom or if further declines are ahead.
Analyst Crypto Capital Venture pointed to historical data showing 30% dips in total market cap, including significant drops in altcoins. Such corrections are viewed not as bearish signals, but as opportunities for a stronger bullish run.
Looking closely at altcoins, the analyst gave Cardano (ADA) as an example. After breaking a dollar, ADA experienced some volatility, with price drops below $1, but the analyst remains bullish.
“These moves are normal,” the analyst explained, pointing to past cycles where ADA experienced dips but later surged back to higher levels.
#altcoinscrash #Memecoins #cryptocurrencies #cryptomarketdump #CryptoNewsDaddy
Crypto dips 10-20%: Experts see it as a healthy correction in the bull cycle, with Bitcoin near $96K and altcoins like ADA and XRP facing double-digit losses.
Bullish outlook: Analysts call current dips a buying opportunity, citing historical rebounds and optimism for 2025 amid U.S. Bitcoin buys and new tax policies.
The crypto market is experiencing a dip, but for many experts, this is seen as a healthy correction in the ongoing bull cycle. Despite the decline in prices, the sentiment remains bullish, with many expecting further growth in the long term.
Bitcoin has dipped by more than three percent and is trading close to the $96k level at the time of writing.
While the Bitcoin market might be seeing declines, altcoins are also experiencing corrections, and this phase is seen as a crucial part of the market’s long-term cycle. Altcoins like XRP, ADA, DOGE and TRON have recorded double-digit losses and might even dip further.
Some market analysts, including prominent figures in the crypto space, have been calling for a 10-20% dip, seeing it as a necessary correction.
With the total cryptocurrency market cap recently falling to around $930 billion, many are watching closely to understand if this is the bottom or if further declines are ahead.
Analyst Crypto Capital Venture pointed to historical data showing 30% dips in total market cap, including significant drops in altcoins. Such corrections are viewed not as bearish signals, but as opportunities for a stronger bullish run.
Looking closely at altcoins, the analyst gave Cardano (ADA) as an example. After breaking a dollar, ADA experienced some volatility, with price drops below $1, but the analyst remains bullish.
“These moves are normal,” the analyst explained, pointing to past cycles where ADA experienced dips but later surged back to higher levels.
#altcoinscrash #Memecoins #cryptocurrencies #cryptomarketdump #CryptoNewsDaddy