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抱团取暖:公众号:陈摆烂不摆烂;微博:荀令鲪;专注于币圈一、二级市场,致力于研究一级市场暴涨币种;二级市场优质潜力币。
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Bitcoin Price Up 26.5% in October: Is a Fall Possible?Multiple indicators such as BTC futures premium and grayscale GBTC show that the price of Bitcoin rose by 26.5% in October, reaching the highest level in a year. Therefore, making a bearish thesis for Bitcoin may be challenging as the data reflects a post-crash recovery period and is also influenced by the Federal Reserve’s recent interest rate hikes. Positive developments in Bitcoin Despite the positive indicators, Bitcoin’s price remains around 50% below the all-time high of $69,900 reached in November 2021. This significant difference undermines Bitcoin’s importance. It stressed that the adoption of Bitcoin as an alternative hedging instrument is still in its early stages, having gained 108% since the beginning of the year.

Bitcoin Price Up 26.5% in October: Is a Fall Possible?

Multiple indicators such as BTC futures premium and grayscale GBTC show that the price of Bitcoin rose by 26.5% in October, reaching the highest level in a year. Therefore, making a bearish thesis for Bitcoin may be challenging as the data reflects a post-crash recovery period and is also influenced by the Federal Reserve’s recent interest rate hikes.
Positive developments in Bitcoin
Despite the positive indicators, Bitcoin’s price remains around 50% below the all-time high of $69,900 reached in November 2021. This significant difference undermines Bitcoin’s importance. It stressed that the adoption of Bitcoin as an alternative hedging instrument is still in its early stages, having gained 108% since the beginning of the year.
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XRP Price Prediction – Strong Case for a Rally Above $0.62XRP price is correcting gains towards the $0.620 resistance against the US Dollar. The price is likely to test the support at $0.5760, where bulls are likely to take a stand. XRP started a strong rise above the $0.580 resistance. The price is currently trading above $0.585 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.5760 on the 4-hours chart of the XRP/USD pair (Data source: Kraken). The pair is likely to pull back further, but bulls are likely to remain active near $0.5760.

XRP Price Prediction – Strong Case for a Rally Above $0.62

XRP price is correcting gains towards the $0.620 resistance against the US Dollar. The price is likely to test the support at $0.5760, where bulls are likely to take a stand.
XRP started a strong rise above the $0.580 resistance. The price is currently trading above $0.585 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.5760 on the 4-hours chart of the XRP/USD pair (Data source: Kraken). The pair is likely to pull back further, but bulls are likely to remain active near $0.5760.
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Will November’s Bitcoin (BTC) Price Rise Continue?Will November be a critical month for the Bitcoin market? long story short PlanB highlighted November as a key accumulation period for Bitcoin ahead of the April 2024 halving, emphasizing that the 6 months before and 18 months after the halving are critical to market dynamics. He believes that the scarcity brought about by each halving will drive the price of Bitcoin. Past Bitcoin halvings have typically been accompanied by price surges, with Bitcoin peaking around 18 months after the halving. Currently, Bitcoin price is consolidating around $34,300 on news of the spot ETF. Pseudonymous cryptocurrency analyst PlanB recently shared his insights on the current state of Bitcoin, stating that November will be a critical accumulation period for BTC bulls ahead of the April 2024 halving. PlanB said that the six months before the halving and the year and a half after the halving are critical windows of opportunity for buyers and sellers. This means we have to wait until the end of 2025 to see the impact of the halving. The analyst added that the essence of the S2F model is that scarcity drives price. Each halving is an important event and the issuance of BTC will be significantly reduced, making the asset more scarce.

Will November’s Bitcoin (BTC) Price Rise Continue?

Will November be a critical month for the Bitcoin market?
long story short
PlanB highlighted November as a key accumulation period for Bitcoin ahead of the April 2024 halving, emphasizing that the 6 months before and 18 months after the halving are critical to market dynamics. He believes that the scarcity brought about by each halving will drive the price of Bitcoin. Past Bitcoin halvings have typically been accompanied by price surges, with Bitcoin peaking around 18 months after the halving. Currently, Bitcoin price is consolidating around $34,300 on news of the spot ETF. Pseudonymous cryptocurrency analyst PlanB recently shared his insights on the current state of Bitcoin, stating that November will be a critical accumulation period for BTC bulls ahead of the April 2024 halving. PlanB said that the six months before the halving and the year and a half after the halving are critical windows of opportunity for buyers and sellers. This means we have to wait until the end of 2025 to see the impact of the halving. The analyst added that the essence of the S2F model is that scarcity drives price. Each halving is an important event and the issuance of BTC will be significantly reduced, making the asset more scarce.
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Bitcoin: Are the bears exiting the market?As the price of Bitcoin has risen over the past few weeks, bears have begun to reduce their short positions on Bitcoin. Bitcoin’s correlation with Nasdaq has declined, making it a hedge against market uncertainty. Short positions have declined over the past few days as Bitcoin prices soared. Implied volatility rises, which may make traders more cautious. As the price of Bitcoin surges, so does optimism in the cryptocurrency industry. However, there is a group of people who are not satisfied with Bitcoin's rise - they have taken short positions on Bitcoin.

Bitcoin: Are the bears exiting the market?

As the price of Bitcoin has risen over the past few weeks, bears have begun to reduce their short positions on Bitcoin. Bitcoin’s correlation with Nasdaq has declined, making it a hedge against market uncertainty.
Short positions have declined over the past few days as Bitcoin prices soared. Implied volatility rises, which may make traders more cautious.
As the price of Bitcoin surges, so does optimism in the cryptocurrency industry. However, there is a group of people who are not satisfied with Bitcoin's rise - they have taken short positions on Bitcoin.
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Summarizing some opinions on currency speculation, you can refer to it: 1. Plunging is the touchstone for testing high-quality coins. If the market plummets and your currency drops slightly, it is obviously a market maker protecting the market and refusing to fall, so this kind of currency can be held with confidence and must be There is gain. 2. If a novice does not know how to buy and sell, the simplest and most direct method is to hold the currency on the 5-day line in the short-term and sell if it breaks the 5-day line. In the mid-term, hold the currency on the 20-day line and sell if it breaks the 20-day line. , there are many methods, and the one that suits you is the best. The difficulty in trading is not that there is no method, but the difficulty is the execution. If you insist on repeating a method without thinking, more than 90% of people have no problem, and the principle is simple. 3. Once the main rising wave is formed and there is no obvious increase in volume, decisively intervene, hold the currency when the increase in volume increases, hold the currency if the downward trend does not break through the decrease, and quickly reduce your position when the trend falls below the decrease in volume. 4. When a currency is trending upward, don’t look at any indicators except trading volume. If the volume is shrinking or flat, hold it. If the volume is huge, run away. Volume and price are the soul, volume is water, and price is the ship. 5. If there is no fluctuation within three days after short-term buying, sell out. If it does not rise but falls after buying, you will lose 5% and stop the loss unconditionally. 6. If a currency has fallen by 50% from a high and has fallen for 8 consecutive days, it has entered an oversold channel, and an oversold rebound is imminent, so you can follow up. 7. When speculating in currencies, you should speculate in the leading currency, only the leading currency, not the miscellaneous things, because the leading currency rises the most when it rises, and it is the most resistant when it falls. Don’t be afraid to get on the bus, speculating in currencies is often against human nature, don’t Buy because it falls a lot, don't stop buying because it rises a lot. The less you dare to buy, the more it rises, and the more you dare to buy, the more it falls. The strong will always be strong. The most important thing for short-term speculation in leading companies is to buy at a high level and sell at a higher level. !8. Embrace the trend and go with it. The buying price is not the lower the better, but the more appropriate the better. You will not gain an advantage because the buying price is cheap. Because the price will not be lowered, give up the junk coins. , trend is king. 9. Don’t be carried away by the blood of profit. You must know that the most difficult thing in the world is how to continue to make profits. You must carefully review whether it is luck or strength. The key to sustained profits is a stable and suitable trading system. 10. Don’t trade for the sake of trading. What do you mean? That is, when you are not sure enough that the transaction can be profitable, don’t forcefully open a position. Short position is a science. The one who knows how to buy is the apprentice, and the one who knows how to sell is the apprentice. Master, it is the founder who knows how to short positions. The first consideration in trading is not profit, but capital preservation. The comparison of trading is not frequency but success rate!11. In fact, in the speculative market, adapting to changes is the most wrong approach. Use your own fixed trading system, and keep the same in the trading system to cope with all changes. I am not afraid that you will use 10,000 methods, but I am afraid that you will use one method 10,000 times. Not moving is the best defense. Often the time when you are most reluctant to give up is when you make the most mistakes. Please understand this sentence seriously! 12. I believe that those who can persist in trading for more than 4 years are all because of "love" These two words. It’s okay to have passion, but it’s necessary to have passion if you want to do something well. But don’t be overly addicted, or even become addicted and unable to extricate yourself. Family is our greatest responsibility. 13. You cannot control the outside world, but look inside yourself. It is extremely important to never blame others for your own failures. No matter how low you fall, you must take full responsibility for your own decisions. Only by taking responsibility can you face your mistakes and avoid repeating them. Real currency speculators are warriors who dare to face their mistakes! 14. Less Listen to outside gossip, because there are no right or wrong opinions. Many times what you can see is what they want you to see, or these words are what you want to hear, when you are not interested in the media or any expert methods Look, congratulations on how close you are to getting started and succeeding, because maybe you have a little more of your own, faith! 15. You think you are trading the market, but in fact you are trading yourself. What we see on the outside is glamorous. Success is just results and performance. Behind success is great persistence and patience. Behind greatness is suffering. Time is the most valuable asset. Endurance is better than brain power. Talent is not important, but mentality is important! 16. Stock trading is a process of cultivating the mind, body, and character. Study carefully, fully understand the big cycles and big probability theory, plant the seeds, and water them under the sun, air, wind and rain... just sit back and wait for the flowers to bloom and the harvest will be full!
Summarizing some opinions on currency speculation, you can refer to it: 1. Plunging is the touchstone for testing high-quality coins. If the market plummets and your currency drops slightly, it is obviously a market maker protecting the market and refusing to fall, so this kind of currency can be held with confidence and must be There is gain. 2. If a novice does not know how to buy and sell, the simplest and most direct method is to hold the currency on the 5-day line in the short-term and sell if it breaks the 5-day line. In the mid-term, hold the currency on the 20-day line and sell if it breaks the 20-day line. , there are many methods, and the one that suits you is the best. The difficulty in trading is not that there is no method, but the difficulty is the execution. If you insist on repeating a method without thinking, more than 90% of people have no problem, and the principle is simple. 3. Once the main rising wave is formed and there is no obvious increase in volume, decisively intervene, hold the currency when the increase in volume increases, hold the currency if the downward trend does not break through the decrease, and quickly reduce your position when the trend falls below the decrease in volume. 4. When a currency is trending upward, don’t look at any indicators except trading volume. If the volume is shrinking or flat, hold it. If the volume is huge, run away. Volume and price are the soul, volume is water, and price is the ship. 5. If there is no fluctuation within three days after short-term buying, sell out. If it does not rise but falls after buying, you will lose 5% and stop the loss unconditionally. 6. If a currency has fallen by 50% from a high and has fallen for 8 consecutive days, it has entered an oversold channel, and an oversold rebound is imminent, so you can follow up. 7. When speculating in currencies, you should speculate in the leading currency, only the leading currency, not the miscellaneous things, because the leading currency rises the most when it rises, and it is the most resistant when it falls. Don’t be afraid to get on the bus, speculating in currencies is often against human nature, don’t Buy because it falls a lot, don't stop buying because it rises a lot. The less you dare to buy, the more it rises, and the more you dare to buy, the more it falls. The strong will always be strong. The most important thing for short-term speculation in leading companies is to buy at a high level and sell at a higher level. !8. Embrace the trend and go with it. The buying price is not the lower the better, but the more appropriate the better. You will not gain an advantage because the buying price is cheap. Because the price will not be lowered, give up the junk coins. , trend is king. 9. Don’t be carried away by the blood of profit. You must know that the most difficult thing in the world is how to continue to make profits. You must carefully review whether it is luck or strength. The key to sustained profits is a stable and suitable trading system. 10. Don’t trade for the sake of trading. What do you mean? That is, when you are not sure enough that the transaction can be profitable, don’t forcefully open a position. Short position is a science. The one who knows how to buy is the apprentice, and the one who knows how to sell is the apprentice. Master, it is the founder who knows how to short positions. The first consideration in trading is not profit, but capital preservation. The comparison of trading is not frequency but success rate!11. In fact, in the speculative market, adapting to changes is the most wrong approach. Use your own fixed trading system, and keep the same in the trading system to cope with all changes. I am not afraid that you will use 10,000 methods, but I am afraid that you will use one method 10,000 times. Not moving is the best defense. Often the time when you are most reluctant to give up is when you make the most mistakes. Please understand this sentence seriously! 12. I believe that those who can persist in trading for more than 4 years are all because of "love" These two words. It’s okay to have passion, but it’s necessary to have passion if you want to do something well. But don’t be overly addicted, or even become addicted and unable to extricate yourself. Family is our greatest responsibility. 13. You cannot control the outside world, but look inside yourself. It is extremely important to never blame others for your own failures. No matter how low you fall, you must take full responsibility for your own decisions. Only by taking responsibility can you face your mistakes and avoid repeating them. Real currency speculators are warriors who dare to face their mistakes! 14. Less Listen to outside gossip, because there are no right or wrong opinions. Many times what you can see is what they want you to see, or these words are what you want to hear, when you are not interested in the media or any expert methods Look, congratulations on how close you are to getting started and succeeding, because maybe you have a little more of your own, faith! 15. You think you are trading the market, but in fact you are trading yourself. What we see on the outside is glamorous. Success is just results and performance. Behind success is great persistence and patience. Behind greatness is suffering. Time is the most valuable asset. Endurance is better than brain power. Talent is not important, but mentality is important! 16. Stock trading is a process of cultivating the mind, body, and character. Study carefully, fully understand the big cycles and big probability theory, plant the seeds, and water them under the sun, air, wind and rain... just sit back and wait for the flowers to bloom and the harvest will be full!
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Are you interested in any of the eight king-level projects in the currency circle? 1. EOS, known as blockchain 3.0, has a highest price of 16U, and is currently 0.6U, a drop of -2600%. 2. NEO, the first open source public chain project in China, is known as China Ethereum. The highest price is 200U, and the current price is 7U, a drop of -2800%. 3. ICP, a computer based on the blockchain Internet, the highest price is 2800U, currently 4U, a decrease of -70000%. 4. FIL, distributed storage system, the highest price is 230U, currently 4U, a decrease of -5700%. 5. LUNA, the highest price is 119U, currently 0.00009U, a decrease of -1320000%. 6. FTT, FTX platform token, the highest price is 89U, currently 1U, a decrease of -8900%. 7. XCH, a green digital currency known as green Bitcoin, has a maximum price of 2500U and is currently 30U, a drop of -8300%. 8. BZZ, storage service coin, the highest price is 22U, currently 0.2U, a decrease of -9990%.
Are you interested in any of the eight king-level projects in the currency circle? 1. EOS, known as blockchain 3.0, has a highest price of 16U, and is currently 0.6U, a drop of -2600%. 2. NEO, the first open source public chain project in China, is known as China Ethereum. The highest price is 200U, and the current price is 7U, a drop of -2800%. 3. ICP, a computer based on the blockchain Internet, the highest price is 2800U, currently 4U, a decrease of -70000%. 4. FIL, distributed storage system, the highest price is 230U, currently 4U, a decrease of -5700%. 5. LUNA, the highest price is 119U, currently 0.00009U, a decrease of -1320000%. 6. FTT, FTX platform token, the highest price is 89U, currently 1U, a decrease of -8900%. 7. XCH, a green digital currency known as green Bitcoin, has a maximum price of 2500U and is currently 30U, a drop of -8300%. 8. BZZ, storage service coin, the highest price is 22U, currently 0.2U, a decrease of -9990%.
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If this happens, Bitcoin price could surge like it did in March: ExpertIn a recent post on X (formerly Twitter), Lumida Wealth CEO Ram Ahluwalia weighed in on Bitcoin’s potential market impact, specifically highlighting the significance of the failed Treasury auction. Lumida Wealth is an SEC-registered investment adviser known for its expertise in the alternative investments and digital assets space. Ahluwalia’s tweet highlighted the need to monitor Bitcoin’s response to specific macroeconomic events. He said, "The test of Bitcoin as a macro asset will be 'What happens if the Treasury auction fails?'" This year, Bitcoin rebounded during (1) bank failures in March and (2) U.S. Treasury rates disrupting the market. This is the third test..."

If this happens, Bitcoin price could surge like it did in March: Expert

In a recent post on X (formerly Twitter), Lumida Wealth CEO Ram Ahluwalia weighed in on Bitcoin’s potential market impact, specifically highlighting the significance of the failed Treasury auction. Lumida Wealth is an SEC-registered investment adviser known for its expertise in the alternative investments and digital assets space.
Ahluwalia’s tweet highlighted the need to monitor Bitcoin’s response to specific macroeconomic events. He said, "The test of Bitcoin as a macro asset will be 'What happens if the Treasury auction fails?'" This year, Bitcoin rebounded during (1) bank failures in March and (2) U.S. Treasury rates disrupting the market. This is the third test..."
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Why the Render (RNDR) Correction Could Be a Buy Signal Before $3Render (RNDR) has become one of the altcoins to watch after a period in which Bitcoin (BTC) hit $35,000. As of this writing, RNDR’s price is up 64% over the past 30 days and is trading at $2.48. On-chain analytics platform Santiment was able to determine the reason for Render’s exponential growth during the above period. According to Santiment, RNDR is a beneficiary of increased network growth, activity and whale interaction. As a result of these activities, the coin’s social dominance reached its highest point during the same time frame. More expectations for RNDR price

Why the Render (RNDR) Correction Could Be a Buy Signal Before $3

Render (RNDR) has become one of the altcoins to watch after a period in which Bitcoin (BTC) hit $35,000. As of this writing, RNDR’s price is up 64% over the past 30 days and is trading at $2.48.
On-chain analytics platform Santiment was able to determine the reason for Render’s exponential growth during the above period. According to Santiment, RNDR is a beneficiary of increased network growth, activity and whale interaction. As a result of these activities, the coin’s social dominance reached its highest point during the same time frame.

More expectations for RNDR price
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Ethereum’s price consolidation and whale activity bode well for a bright futureThe price of leading smart contract platform Ethereum (ETH) was consolidating between $1,750 and $1,850 last week. Experts conducted an in-depth on-chain analysis, looking at the fundamental indicators that could push the ETH price to $2,500 in November. Comparison of BTC and ETH Last week’s gains in the cryptocurrency market overshadowed the price of Ethereum against Bitcoin (BTC). On-chain analysis can show how increased whale demand affects ETH price action in November 2023. Riding on its upward momentum, Bitcoin reached a new high of $35,300 in 2023. When considering monthly performance, BTC is up 30%, while ETH is up 8% with gains as of September 30.

Ethereum’s price consolidation and whale activity bode well for a bright future

The price of leading smart contract platform Ethereum (ETH) was consolidating between $1,750 and $1,850 last week. Experts conducted an in-depth on-chain analysis, looking at the fundamental indicators that could push the ETH price to $2,500 in November.
Comparison of BTC and ETH
Last week’s gains in the cryptocurrency market overshadowed the price of Ethereum against Bitcoin (BTC). On-chain analysis can show how increased whale demand affects ETH price action in November 2023. Riding on its upward momentum, Bitcoin reached a new high of $35,300 in 2023. When considering monthly performance, BTC is up 30%, while ETH is up 8% with gains as of September 30.
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Bitcoin price hovers near $35K as ETH, APT, QNT, and RUNE turn bullishA rise in BTC price towards $35,000 could open the door for gains in ETH, APT, QNT, and RUNE. Hopes that the U.S. Securities and Exchange Commission will approve a spot Bitcoin ( BTC ) exchange-traded fund drove Bitcoin prices up 27% in October. This improved market sentiment, attracting active buying from cryptocurrency investors. Bloomberg Senior ETF Analyst Eric Balchunas (Eric Balchunas) posted on The second largest trading week was $1.7 billion. Likewise, Grayscale Bitcoin Trust (GBTC) saw $800 million in trading volume. The sharp rise in trading volume in existing instruments suggests that the spot Bitcoin ETF is likely to experience significant trading volume upon listing.

Bitcoin price hovers near $35K as ETH, APT, QNT, and RUNE turn bullish

A rise in BTC price towards $35,000 could open the door for gains in ETH, APT, QNT, and RUNE.
Hopes that the U.S. Securities and Exchange Commission will approve a spot Bitcoin ( BTC ) exchange-traded fund drove Bitcoin prices up 27% in October. This improved market sentiment, attracting active buying from cryptocurrency investors.
Bloomberg Senior ETF Analyst Eric Balchunas (Eric Balchunas) posted on The second largest trading week was $1.7 billion. Likewise, Grayscale Bitcoin Trust (GBTC) saw $800 million in trading volume. The sharp rise in trading volume in existing instruments suggests that the spot Bitcoin ETF is likely to experience significant trading volume upon listing.
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Bitcoin fluctuates at $34,000: Where is the price heading?Bitcoin has been trading around $34,000 ahead of the Fed decision. How will prices react to the Fed's announcement that it may pause interest rate hikes? At press time, Bitcoin was consolidating its recent recovery gains, surpassing $34,000. The large buy order is for $33,000; the sell orders are for $35,000 and $40,000.​ Bitcoin [BTC] entered a range-bound pattern on October 25 and consolidated its gains above $34,000. The persistence of this range ahead of the Fed's decision on November 1 could expose gold coins to minor price swings.​

Bitcoin fluctuates at $34,000: Where is the price heading?

Bitcoin has been trading around $34,000 ahead of the Fed decision. How will prices react to the Fed's announcement that it may pause interest rate hikes?
At press time, Bitcoin was consolidating its recent recovery gains, surpassing $34,000. The large buy order is for $33,000; the sell orders are for $35,000 and $40,000.​
Bitcoin [BTC] entered a range-bound pattern on October 25 and consolidated its gains above $34,000. The persistence of this range ahead of the Fed's decision on November 1 could expose gold coins to minor price swings.​
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Rise Community Tron (TRX) Price Analysis: Will TRX Reach New Heights?TRON (TRX) TRX currency price deviated significantly from other cryptocurrencies in the bear market and did not suffer major losses. Investors have witnessed many cryptocurrencies hitting all-time lows and even lower price levels. On the other hand, Tron’s on-chain data is sending more positive signals. Total value locked (TVL) reached a new high at $7.78 billion. The continued demand for the TRX coin and the support of USDT help increase the value of the network. While strong competitors like Solana have already reached annual peaks with a TVL of around $350 million, Tron approaching the $8 billion threshold is significant.

Rise Community Tron (TRX) Price Analysis: Will TRX Reach New Heights?

TRON (TRX)
TRX currency price deviated significantly from other cryptocurrencies in the bear market and did not suffer major losses. Investors have witnessed many cryptocurrencies hitting all-time lows and even lower price levels. On the other hand, Tron’s on-chain data is sending more positive signals. Total value locked (TVL) reached a new high at $7.78 billion.

The continued demand for the TRX coin and the support of USDT help increase the value of the network. While strong competitors like Solana have already reached annual peaks with a TVL of around $350 million, Tron approaching the $8 billion threshold is significant.
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Open interest in Bitcoin and Ethereum options surpasses $20 billion, hitting all-time highCryptocurrency options market surges The dollar value locked in active Bitcoin and Ethereum options contracts on Deribit has reached $20.64 billion in notional open interest, according to data tracked by Switzerland-based Laevitas. This figure is almost identical to the peak recorded on November 9, 2021, when BTC traded over $66,000, a rise of more than 90% to over $34,170. In other words, current contract positions are significantly higher than in November 2021. Commenting on the matter, Luuk Strijers, Chief Commercial Officer of Deribit, said: “This milestone not only represents a significant win for Deribit, but is a clear indication of our customers’ increasing interest in choice and broader market growth, with almost no completed contract volumes. Double that."

Open interest in Bitcoin and Ethereum options surpasses $20 billion, hitting all-time high

Cryptocurrency options market surges
The dollar value locked in active Bitcoin and Ethereum options contracts on Deribit has reached $20.64 billion in notional open interest, according to data tracked by Switzerland-based Laevitas. This figure is almost identical to the peak recorded on November 9, 2021, when BTC traded over $66,000, a rise of more than 90% to over $34,170. In other words, current contract positions are significantly higher than in November 2021.
Commenting on the matter, Luuk Strijers, Chief Commercial Officer of Deribit, said: “This milestone not only represents a significant win for Deribit, but is a clear indication of our customers’ increasing interest in choice and broader market growth, with almost no completed contract volumes. Double that."
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XRP Price Could Surge in 18 Days, Here’s WhyThe cryptocurrency community is abuzz with speculation, with analysts comparing current XRP price action to the 2017 Bitcoin (BTC) fractal. With several events on the horizon, many are wondering if cryptocurrencies are on the verge of a major breakthrough. Cryptoinsightuk, a well-known figure in the space, tweeted yesterday: “XRP exploded in T-19 days. I see a lot of people overlaying the BTC fractal from 2017 to today and to be honest, people are watching it very closely .” The image accompanying the tweet highlighted the similarities between the two price movements.

XRP Price Could Surge in 18 Days, Here’s Why

The cryptocurrency community is abuzz with speculation, with analysts comparing current XRP price action to the 2017 Bitcoin (BTC) fractal. With several events on the horizon, many are wondering if cryptocurrencies are on the verge of a major breakthrough.
Cryptoinsightuk, a well-known figure in the space, tweeted yesterday: “XRP exploded in T-19 days. I see a lot of people overlaying the BTC fractal from 2017 to today and to be honest, people are watching it very closely .” The image accompanying the tweet highlighted the similarities between the two price movements.
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Bitcoin Price Holds 100 SMA – Strong Case for New RallyBitcoin price remains above the $33,200 support area. Unless there is a close below the 100 hourly moving average and $33,400, BTC is likely to start a fresh leg higher. Bitcoin is still struggling to break above the $35,000 resistance. The price is trading above $33,500 and the 100 hourly simple moving average. There is a bearish trend line connecting with resistance near $34,120 on the hourly chart of the BTC/USD pair (data via Kraken). If there is a break above the trendline and a move above $34,555, the pair could start a fresh leg higher.

Bitcoin Price Holds 100 SMA – Strong Case for New Rally

Bitcoin price remains above the $33,200 support area. Unless there is a close below the 100 hourly moving average and $33,400, BTC is likely to start a fresh leg higher.
Bitcoin is still struggling to break above the $35,000 resistance. The price is trading above $33,500 and the 100 hourly simple moving average. There is a bearish trend line connecting with resistance near $34,120 on the hourly chart of the BTC/USD pair (data via Kraken). If there is a break above the trendline and a move above $34,555, the pair could start a fresh leg higher.
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Dogecoin Price Trend: Is $0.1 Doable?As the price of Bitcoin (BTC) rises to $35,000, triggering a surge across the market, the largest meme coin, Dogecoin (DOGE), remains relatively calm. However, DOGE hinted at a recovery on October 26 with double-digit gains, reaching as high as $0.075. Memecoins such as Pepe (PEPE), Floki Inu (FLOKI), Bonk (BONK), and Wall Street Memes (WSM) have led the rise in memecoins, with price increases of 85%, 65%, 70%, and 20% respectively in 2019. Last week. The two largest memecoins, Dogecoin and Shiba Inu (SHIB), also saw price gains but joined the rally later. So, what’s next for DOGE? Here is Dogecoin chart and analysis.

Dogecoin Price Trend: Is $0.1 Doable?

As the price of Bitcoin (BTC) rises to $35,000, triggering a surge across the market, the largest meme coin, Dogecoin (DOGE), remains relatively calm. However, DOGE hinted at a recovery on October 26 with double-digit gains, reaching as high as $0.075. Memecoins such as Pepe (PEPE), Floki Inu (FLOKI), Bonk (BONK), and Wall Street Memes (WSM) have led the rise in memecoins, with price increases of 85%, 65%, 70%, and 20% respectively in 2019. Last week. The two largest memecoins, Dogecoin and Shiba Inu (SHIB), also saw price gains but joined the rally later. So, what’s next for DOGE? Here is Dogecoin chart and analysis.
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Rise Community: Bitcoin Dominance Surges Before Halving: A Bullish Omen?Bitcoin’s market dominance surged to 54%, its highest level in nearly 2.5 years. The upcoming halving event in April 2024 is seen as a potential bullish catalyst. Historically, October’s performance has strengthened Bitcoin’s position in the crypto market. As the long-awaited 2024 halving event approaches, explore Bitcoin’s impressive market dominance and analyze historical data to gain insight into its potential impact. Bitcoin dominance reaches peak: What’s behind the surge? Bitcoin’s market dominance – a key metric that measures its market capitalization relative to the overall cryptocurrency market – has climbed to an impressive 54%. This extraordinary feat has not been seen in the past 30 months and is a testament to Bitcoin’s growing position in the cryptocurrency space. This increase comes just ahead of the eagerly anticipated Bitcoin halving event in April 2024. Anticipated Halving: Potential Price Catalysts The Bitcoin halving event occurs every four years and is a mechanism by which mining rewards are cut in half for each block. Amid rising demand, this essentially cuts into the cryptoasset’s supply, often setting the stage for bullish price action. The upcoming halving will reduce BTC mining rewards from the current 6.25 BTC to 3.125 BTC. Given that the total supply of Bitcoin is capped at 21 million, this event is expected to create a significant gap in supply and demand, further limiting the inflow of new Bitcoins into circulation. Historical Perspective: Bitcoin’s Trajectory for Dominance Bitcoin’s market dominance began rising in early October, climbing from just under 49% to a 2.5-year record. October is often labeled as a bullish month for cryptocurrencies, earning it the nickname “Uptober.” This bullish sentiment has been further confirmed by the significant rise in the price of Bitcoin in recent weeks, which surged from just under $27,000 in early October to a yearly peak of $35,000. By comparison, in 2017, Bitcoin effortlessly maintained over 80% market dominance, with Ethereum lagging behind at 10%–17%. However, over the next few years, Bitcoin’s dominance gradually eroded due to the proliferation of other cryptocurrencies and the exponential growth of several new coins in the 2021 bull run.Conclusion Bitcoin’s soaring market dominance, coupled with the looming halving event, points to a potential bullish outlook for the major cryptocurrency. While the dynamics of the cryptocurrency market remain volatile in nature and are affected by a variety of factors, historical data and current indicators suggest that Bitcoin is in a strong position in the short term. However, as with all investing, a combination of diligent research and cautious optimism is crucial.

Rise Community: Bitcoin Dominance Surges Before Halving: A Bullish Omen?

Bitcoin’s market dominance surged to 54%, its highest level in nearly 2.5 years. The upcoming halving event in April 2024 is seen as a potential bullish catalyst. Historically, October’s performance has strengthened Bitcoin’s position in the crypto market. As the long-awaited 2024 halving event approaches, explore Bitcoin’s impressive market dominance and analyze historical data to gain insight into its potential impact. Bitcoin dominance reaches peak: What’s behind the surge? Bitcoin’s market dominance – a key metric that measures its market capitalization relative to the overall cryptocurrency market – has climbed to an impressive 54%. This extraordinary feat has not been seen in the past 30 months and is a testament to Bitcoin’s growing position in the cryptocurrency space. This increase comes just ahead of the eagerly anticipated Bitcoin halving event in April 2024. Anticipated Halving: Potential Price Catalysts The Bitcoin halving event occurs every four years and is a mechanism by which mining rewards are cut in half for each block. Amid rising demand, this essentially cuts into the cryptoasset’s supply, often setting the stage for bullish price action. The upcoming halving will reduce BTC mining rewards from the current 6.25 BTC to 3.125 BTC. Given that the total supply of Bitcoin is capped at 21 million, this event is expected to create a significant gap in supply and demand, further limiting the inflow of new Bitcoins into circulation. Historical Perspective: Bitcoin’s Trajectory for Dominance Bitcoin’s market dominance began rising in early October, climbing from just under 49% to a 2.5-year record. October is often labeled as a bullish month for cryptocurrencies, earning it the nickname “Uptober.” This bullish sentiment has been further confirmed by the significant rise in the price of Bitcoin in recent weeks, which surged from just under $27,000 in early October to a yearly peak of $35,000. By comparison, in 2017, Bitcoin effortlessly maintained over 80% market dominance, with Ethereum lagging behind at 10%–17%. However, over the next few years, Bitcoin’s dominance gradually eroded due to the proliferation of other cryptocurrencies and the exponential growth of several new coins in the 2021 bull run.Conclusion Bitcoin’s soaring market dominance, coupled with the looming halving event, points to a potential bullish outlook for the major cryptocurrency. While the dynamics of the cryptocurrency market remain volatile in nature and are affected by a variety of factors, historical data and current indicators suggest that Bitcoin is in a strong position in the short term. However, as with all investing, a combination of diligent research and cautious optimism is crucial.
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Rise Community: Will the approval of a spot Bitcoin ETF become a “sell the news” event?Bitcoin price has been consolidating around $34,500 for some time after bulls were flat on the move above $35,000. The rise in Bitcoin's value is based on expectations that the first U.S. exchange-traded funds (ETFs) that invest directly in cryptocurrencies will be approved in the near future. The weekly relative strength index (RSI), a Bitcoin momentum indicator, recently broke above the 70 level for the first time since 2021. Increased likelihood of spot Bitcoin ETF approval could also push Bitcoin prices higher: Will these approvals lower BTC prices? What will be the impact of the approval of a Bitcoin ETF? Bitcoin price has been consolidating around $34,500 for some time after bulls flattened out the 2023 highs at $35,000 earlier this week. The rise in Bitcoin's value comes on expectations that direct investment in the world's largest cryptocurrency will soon receive approval for the first U.S. exchange-traded funds (ETFs). The real question here is whether the actual approval of the ETF will cause some investors to take profits. - Advertisement -You are looking for a new 1000x potential gem: we recommend you click here to buy safely! Therefore, Bitcoin continues to test whether the rally can be sustained as the spot Bitcoin ETF hits the U.S. market. Hayden Hughes, co-founder of Alpha Impact social trading platform, told COINOTAG: "The market has already priced in the approval of the Bitcoin spot ETF, and if it is approved, I would expect a 'sell on the news' event." The largest digital currency has gained this week It increased by 16% and even briefly topped $35,000, a level not reached since 2022. In contrast, global stock markets have struggled during a period of rising long-term Treasury yields and deepening geopolitical uncertainty. In the current macro environment, Bitcoin and cryptocurrencies appear to be diverging from other risk assets such as U.S. stocks. However, it remains to be seen how much further Bitcoin will outperform the U.S. stock market. BTC: Technical and Derivatives Data Fibonacci Ratios Point to Potential Resistance for Bitcoin Reversal Just Below $36,000. This area is marked by the 38.2% Fibonacci retracement of Bitcoin’s year-long decline through November 2022. The weekly Relative Strength Index (RSI), a momentum indicator for Bitcoin, recently broke above the 70 level for the first time since 2021.RSI readings above 70 are generally considered "overbought," indicating a low likelihood of a quick rebound, such as the recent 10 percent daily gain. Data from Deribit, the largest cryptocurrency options exchange, shows a massive accumulation of bullish bets on Bitcoin, which reached $40,000 by the end of the year. This represents a 16% increase from current price levels.

Rise Community: Will the approval of a spot Bitcoin ETF become a “sell the news” event?

Bitcoin price has been consolidating around $34,500 for some time after bulls were flat on the move above $35,000. The rise in Bitcoin's value is based on expectations that the first U.S. exchange-traded funds (ETFs) that invest directly in cryptocurrencies will be approved in the near future. The weekly relative strength index (RSI), a Bitcoin momentum indicator, recently broke above the 70 level for the first time since 2021. Increased likelihood of spot Bitcoin ETF approval could also push Bitcoin prices higher: Will these approvals lower BTC prices? What will be the impact of the approval of a Bitcoin ETF? Bitcoin price has been consolidating around $34,500 for some time after bulls flattened out the 2023 highs at $35,000 earlier this week. The rise in Bitcoin's value comes on expectations that direct investment in the world's largest cryptocurrency will soon receive approval for the first U.S. exchange-traded funds (ETFs). The real question here is whether the actual approval of the ETF will cause some investors to take profits. - Advertisement -You are looking for a new 1000x potential gem: we recommend you click here to buy safely! Therefore, Bitcoin continues to test whether the rally can be sustained as the spot Bitcoin ETF hits the U.S. market. Hayden Hughes, co-founder of Alpha Impact social trading platform, told COINOTAG: "The market has already priced in the approval of the Bitcoin spot ETF, and if it is approved, I would expect a 'sell on the news' event." The largest digital currency has gained this week It increased by 16% and even briefly topped $35,000, a level not reached since 2022. In contrast, global stock markets have struggled during a period of rising long-term Treasury yields and deepening geopolitical uncertainty. In the current macro environment, Bitcoin and cryptocurrencies appear to be diverging from other risk assets such as U.S. stocks. However, it remains to be seen how much further Bitcoin will outperform the U.S. stock market. BTC: Technical and Derivatives Data Fibonacci Ratios Point to Potential Resistance for Bitcoin Reversal Just Below $36,000. This area is marked by the 38.2% Fibonacci retracement of Bitcoin’s year-long decline through November 2022. The weekly Relative Strength Index (RSI), a momentum indicator for Bitcoin, recently broke above the 70 level for the first time since 2021.RSI readings above 70 are generally considered "overbought," indicating a low likelihood of a quick rebound, such as the recent 10 percent daily gain. Data from Deribit, the largest cryptocurrency options exchange, shows a massive accumulation of bullish bets on Bitcoin, which reached $40,000 by the end of the year. This represents a 16% increase from current price levels.
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Rise Community: DOGE Price Analysis When Can Dogecoin Hit $1Amid the recent cryptocurrency surge fueled by Bitcoin (BTC), traders have flocked to top meme coins led by Dogecoin (DOGE), Pepe (PEPE), Floki (FLOKI), and Shiba Inu (SHIB) , hoping to get higher returns. Additionally, the average daily trading volume of major altcoins has more than doubled, fueling expectations of an impending peak. DOGE Price Analysis and Near-Term Expectations In the past seven days, the price of Dogecoin has surged by more than 21% and is trading around $0.07126. Average daily trading volume increased by approximately 47% over the past 24 hours to approximately $718 million.

Rise Community: DOGE Price Analysis When Can Dogecoin Hit $1

Amid the recent cryptocurrency surge fueled by Bitcoin (BTC), traders have flocked to top meme coins led by Dogecoin (DOGE), Pepe (PEPE), Floki (FLOKI), and Shiba Inu (SHIB) , hoping to get higher returns. Additionally, the average daily trading volume of major altcoins has more than doubled, fueling expectations of an impending peak.
DOGE Price Analysis and Near-Term Expectations
In the past seven days, the price of Dogecoin has surged by more than 21% and is trading around $0.07126. Average daily trading volume increased by approximately 47% over the past 24 hours to approximately $718 million.
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Rising Community: XRP shines with a weekly gain of 14%, setting a new high after the drop in AugustXRP has shown its resilience in the turbulent world of digital assets. XRP investors and enthusiasts had every reason to celebrate this week, as the token’s price surged 14.2% in the past seven days, reaching significant highs following its last decline in August.​ This notable spike highlights the cryptocurrency’s ability to experience significant price swings in relatively short periods of time. The upward trajectory of XRP price over the past week suggests increased investor interest or positive market sentiment, which is pushing its value higher than what was observed 7 days ago. At the time of writing, XRP is trading at $0.559841, down a modest 0.2% in the past 24 hours.

Rising Community: XRP shines with a weekly gain of 14%, setting a new high after the drop in August

XRP has shown its resilience in the turbulent world of digital assets. XRP investors and enthusiasts had every reason to celebrate this week, as the token’s price surged 14.2% in the past seven days, reaching significant highs following its last decline in August.​
This notable spike highlights the cryptocurrency’s ability to experience significant price swings in relatively short periods of time. The upward trajectory of XRP price over the past week suggests increased investor interest or positive market sentiment, which is pushing its value higher than what was observed 7 days ago. At the time of writing, XRP is trading at $0.559841, down a modest 0.2% in the past 24 hours.
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