Huge increase in whale purchases of these cryptocurrencies
The US election and Donald Trump’s victory have seen a major shift in the cryptocurrency world. Industry experts expect the new administration to focus on policies that support blockchain and cryptocurrencies, boosting their use among major institutions. The appointment of figures like Elon Musk to government positions highlights Trump’s commitment to creating a supportive environment for crypto expansion.
Binance Warns of Fake Tokens Exploiting Its Name Cryptocurrency exchange Binance warned its community on Monday about a surge in fraudulent tokens falsely claiming affiliation with the platform, spreading across social media. The company emphasized that these tokens are neither endorsed nor authorized by Binance, potentially exposing users to scams and financial harm. “Please remember to verify information through our official channels. Be cautious with unverified tokens. Protect yourself by doing your own research (DYOR) and staying informed,” Binance advised, noting that suspicious activities should be reported promptly to maintain the safety of the community and the cryptocurrency space. $BNB #MarketDownturn #Binance #elaouzi
Ethereum Price ETH at Lowest Level Against Bitcoin Since March 2021: Why Does This Matter?
The Ethereum (ETH) to Bitcoin (BTC) price ratio has fallen to its lowest level since March 2021, indicating Bitcoin’s growing dominance in the cryptocurrency market. Amid a record high of $97,700 for the first time, Bitcoin’s price has been on the rise as investors focus on Bitcoin as a store of value, especially after the re-election of crypto-friendly Trump, while Ethereum faces regulatory challenges and competition from Solana.
Mantra (OM) Price Hits All-Time High But Momentum Shows Signs of Weakness
Mantra (OM) price recently broke its all-time high on November 18 and is up 155.29% in the past seven days. This strong rise highlights the strong bullish momentum that has pushed OM to its all-time highs so far. However, recent indicators, including the RSI and Ichimoku Cloud, suggest that the uptrend may be weakening. RSI OM shows neutral zone
GRASS Price Rise, But Weak Trend Raises Doubts About Upside
GRASS price has shown remarkable activity since its listing on major exchanges in late October. In its first week, the price jumped from $0.65 to $1.60. However, recent metrics show that GRASS has entered a neutral zone, with an RSI of 51 and an ADX of 14.84, indicating a moderate recovery and weak trend strength. As traders watch key resistance and support levels, the probability of a 44% rally or a 26% correction depends largely on the strength of the ongoing uptrend.
BONK Market Cap Surpasses WIF Ahead of Trillion Coin Burn by Christmas
Bonk (BONK) has officially become the most valuable Solana meme coin by market cap, surpassing Dogecoin (WIF) earlier today. The milestone comes after the recent announcement from the decentralized autonomous Bonk Organization (DAO), which revealed plans to burn 1 trillion coins on Christmas Day. While this strategic move helped fuel the shift, the surge in Punk’s price also contributed significantly to its rise. But the question remains: Can this meme coin maintain its new position?
Yes, Bitcoin will continue to rise because it is inevitable, inevitable, but there is also an inevitable, inevitable point of collapse. This rule applies to all cryptocurrencies that have the specifications of Bitcoin, there is an inevitable rise and an inevitable point of collapse for each currency. We have learned a lot over the past years, especially from the collapse of Terra UST and Terra Luna and Binance burning billions of tokens to reduce their supply and thus return to trading at a high price. However, the two currencies were unable to return after that except with structural changes, and with their collapse, Bitcoin and the cryptocurrency market also collapsed.
Bitcoin Supporter Howard Lutnick Gets Elon Musk's Backing in Treasury Race
Billionaire Elon Musk and political figure Robert F. Kennedy Jr. have endorsed Bitcoin by backing Howard Lutnick in the heated debate over who should become the next Treasury secretary under President-elect Donald Trump. Lutnick, CEO of Cantor Fitzgerald, is competing with Scott Bessent, founder of KeySquare Group, for the position. Both candidates have strong pro-cryptocurrency stances, making the decision crucial to the U.S. financial landscape.
Token unlocking involves releasing tokens that were previously prohibited under the terms of the funding. Projects carefully schedule these releases to avoid market pressure and prevent token prices from falling. Here are three major token launches to watch next week. Avalanche (AVAX) Release Date: November 18 Number of tokens issued: 1.67 million AVAX
3 New Cryptocurrencies Launched This Week To Watch
MAYA, Banana, and Georgie have been attracting a lot of attention since their recent launch. MAYA made its debut on Pumpfun four days ago and now boasts a market cap of $21.4 million and over 36,000 holders. Banana followed closely behind, launching three days ago and reaching a market cap of $36.6 million with over 14,000 holders. Georgie, launching just two days ago, has already raised 22,000 holders and a market cap of $14.3 million.
GOAT price hits record high, but indicators point to potential pullback
The price of Gotsius Maximus (GOAT) recently reached a new all-time high. The recent price action was accompanied by strong technical indicators, suggesting a continuation of the uptrend. However, there are some signs that this rally may be nearing its limit. As the analysis continues, the possibility of continued gains and the risk of a correction in the near future will be explored.
Mantra (OM) Price Hits All-Time High Amid Strong Uptrend
The price of Mantra (OM) has been on a strong upward trajectory, recently hitting a new all-time high and gaining nearly 20% over the past week. This rise has been supported by strong technical indicators, showing strong momentum and a clear uptrend. A combination of bullish indicators such as the EMA concordance and favorable metrics such as the ADX and Ichimoku Cloud suggest that the rally could extend further, with fresh highs possible in the coming days. However, if the uptrend loses momentum, OM could test key support areas that will determine the sustainability of its recent gains.
Breaking News XRP Price Hits $1 for First Time Since November 2021
The price of Ripple (XRP) has broken a barrier that has been in place for nearly three years, climbing to $1 for the first time since November 2021. The achievement comes amid renewed optimism in the cryptocurrency market, driven by positive sentiment following the rise in interest and demand for the currency. With trading volume picking up and investor confidence returning, the question now is whether XRP can maintain this momentum or if a price correction is on the horizon.
Goldman Sachs Makes Bold Bet: Bank Raises Stake in Bitcoin ETF to $710 Million
The massive increase in Goldman Sachs Bitcoin ETF holdings indicates growing interest in Bitcoin from institutional investors.
Institutional Investments in Bitcoin Continue to Rise
The US Securities and Exchange Commission (SEC) 13F report for the third quarter ended September 30 revealed that Goldman Sachs now holds $710 million in crypto assets.
Country Earns $33 Million in Bitcoin After Selling From Summit
The Royal Government of Bhutan recently sold 367 bitcoins, worth an estimated $33.5 million, via the Binance exchange. Data from Arkham Intelligence shows the sale took place on Thursday morning when the price of bitcoin topped $90,000. Since then, bitcoin has fallen more than 3% to $87,000.
Bhutan Remains Largest Government Holder of Bitcoin
Crypto Whales Bought These Altcoins In The Second Week Of November 2024
The second week of November 2024 saw an increase in crypto whale activity, with large-volume investors strategically piling into major altcoins amid improving market conditions. With the cryptocurrency market experiencing high volatility, these large transactions could indicate a shift in sentiment or an expectation of better price performance.
Dogecoin Lawsuit Against Elon Musk Ends After Investors Drop Appeal
The class action lawsuit filed by Dogecoin investors against Elon Musk has ended. The group accused the Tesla CEO of manipulating the price of the meme coin in 2021, alleging fraud and insider trading. However, they have now withdrawn their appeal after their case was dismissed on August 29. Both parties in the Dogecoin lawsuit have dropped their claims.
On November 13, cryptocurrency exchange Coinbase listed the frog-inspired meme coin Pepe (PEPE) on its spot market. Moments after the announcement, the price jumped and has increased by 75% in the last 24 hours. While the listing of Baby on Coinbase seems like a promising development for holders of the coin, these on-chain analyses suggest that the price may soon lose some of its recent gains.
Since the launch of the PEPE coin in 2023, it has been the talk of the town. This coin has succeeded in bringing the meme story back to life in the world of digital currencies. And because of PEPE, there has been a strong recovery in the token market. Strongly in mid-2023, which eventually led to the meme frenzy that occurred in early 2024. Since the listing of the PEPE coin on the Binance platform, it is considered one of the most famous coins in the crypto market, so let us know more about the PEPE coin expectations in the last quarter of 2024.
Meme Coins ACT and PNUT Rise Over 2200%, Binance Faces Strong Criticism
Binance listed two new meme coins, PNUT and ACT, causing their prices to surge by more than 2,000%. The move sparked controversy among experts, with some warning of the risk of market manipulation and losing out to small investors. Binance defended its decision, emphasizing its support for startups with active communities. Analysts expect more low-cap meme coins to be listed in the future.