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Trump Wins Presidential Election with Support from Cryptocurrency Voters
Donald Trump wins the 2024 U.S. presidential election and returns to the White House with strong support from cryptocurrency voters. Donations made through super PACs in the cryptocurrency sector have had a significant impact, shaping the future landscape of the U.S. cryptocurrency industry.
How did cryptocurrency-friendly candidates perform in Congress?
Recent data shows that 226 cryptocurrency-supporting candidates won seats in the House of Representatives, while 107 opponents were eliminated. In the Senate, there will be 14 senators supporting cryptocurrency, while there are 9 senators opposing it. These results indicate a significant increase in the number of cryptocurrency supporters in Congress.
How did cryptocurrency-friendly candidates perform in Congress?
Recent data shows that 226 cryptocurrency-supporting candidates won seats in the House of Representatives, while 107 opponents were eliminated. In the Senate, there will be 14 senators supporting cryptocurrency, while there are 9 senators opposing it. These results indicate a significant increase in the number of cryptocurrency supporters in Congress.
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Ethereum Falls to Key Support Level Around $2,400
The cryptocurrency market is currently experiencing a familiar state of sluggishness, which easily brings to mind the market cycle from earlier this month. After a brief price surge on Saturday, trading activity has significantly slowed down over the past day. Traders are closely monitoring the dynamics of the U.S. cryptocurrency market, particularly factors such as the Federal Reserve's interest rate cuts and the upcoming elections, as these could potentially impact prices.
As a leading altcoin, Ethereum has been in a downtrend and recently touched the key support level of around $2400. Although its price has slightly increased by 0.54% in the past 24 hours, it remains firmly near this important threshold of $2400.
As a leading altcoin, Ethereum has been in a downtrend and recently touched the key support level of around $2400. Although its price has slightly increased by 0.54% in the past 24 hours, it remains firmly near this important threshold of $2400.
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Supporting BTCFi: Nervos CKB Brings Diverse Vitality to the Bitcoin Ecosystem
This bull market was initiated by BTC, and the projects in the BTC ecosystem naturally cannot be overlooked. So, do you really understand the highlights and features of BTCFI's $CKB?
1. Let's take a look at several core highlights of Nervos CKB, each of which is unique!
📍Flexible Cell Model
The Cell model of CKB is like a fully functional multifunctional storage cabinet, which supports the storage of various types of data and enables the deployment of smart contracts. This not only enhances the security of the blockchain but also increases its flexibility.
📍Fully Mimicking Bitcoin's Design
CKB adopts the same PoW and UTXO models as Bitcoin, which can be regarded as Bitcoin's brother chain. This way, it inherits Bitcoin’s security while creating an ideal development environment for on-chain applications.
1. Let's take a look at several core highlights of Nervos CKB, each of which is unique!
📍Flexible Cell Model
The Cell model of CKB is like a fully functional multifunctional storage cabinet, which supports the storage of various types of data and enables the deployment of smart contracts. This not only enhances the security of the blockchain but also increases its flexibility.
📍Fully Mimicking Bitcoin's Design
CKB adopts the same PoW and UTXO models as Bitcoin, which can be regarded as Bitcoin's brother chain. This way, it inherits Bitcoin’s security while creating an ideal development environment for on-chain applications.
👍
$CKB
CKB full name CobakToken.
1. Project background and objectives:
CBK coin belongs to Cobak, a cryptocurrency community platform from South Korea. Initially in 2018, it was just a simple cryptocurrency discussion website, which gradually added more services over time. The platform aims to build a bridge connecting cryptocurrency traders and crypto projects, addressing some issues in the cryptocurrency environment through equal rights distribution online, such as community member compensation issues, information gaps, and transaction fee problems.
2. Technical features:
It has its own developed blockchain technology, CBKchain, which has achieved innovative breakthroughs in cross-chain interaction, smart contracts, and privacy protection, allowing interaction with other blockchain networks while ensuring the confidentiality of transaction information and the diversity of business logic.
3. Application scenarios and functions:
CBK is the ERC20 native utility token of the Cobak platform, serving as an internal payment token within the platform. Users can use it to obtain goods and services on the platform. For example, users participating in various activities on the platform, such as token sales, forum discussions, official events, etc., may use CBK coins. Additionally, users can unlock some non-monetary benefits by holding CBK coins, such as receiving airdrops.
4. Market performance:
The total supply is 100 million CBK, as of October 22, 2024, the circulating supply is 8,862,980, and the circulation rate is 88.63%.
The price has fluctuated significantly but has shown a certain level of investment return. On October 22, 2024, its price was about 4 yuan RMB, with a 24-hour trading volume of 9.0602 million RMB. Its historical highest price has reached a relatively high level, but it has also experienced significant price fluctuations.
#CKB助力比特币生态
CKB full name CobakToken.
1. Project background and objectives:
CBK coin belongs to Cobak, a cryptocurrency community platform from South Korea. Initially in 2018, it was just a simple cryptocurrency discussion website, which gradually added more services over time. The platform aims to build a bridge connecting cryptocurrency traders and crypto projects, addressing some issues in the cryptocurrency environment through equal rights distribution online, such as community member compensation issues, information gaps, and transaction fee problems.
2. Technical features:
It has its own developed blockchain technology, CBKchain, which has achieved innovative breakthroughs in cross-chain interaction, smart contracts, and privacy protection, allowing interaction with other blockchain networks while ensuring the confidentiality of transaction information and the diversity of business logic.
3. Application scenarios and functions:
CBK is the ERC20 native utility token of the Cobak platform, serving as an internal payment token within the platform. Users can use it to obtain goods and services on the platform. For example, users participating in various activities on the platform, such as token sales, forum discussions, official events, etc., may use CBK coins. Additionally, users can unlock some non-monetary benefits by holding CBK coins, such as receiving airdrops.
4. Market performance:
The total supply is 100 million CBK, as of October 22, 2024, the circulating supply is 8,862,980, and the circulation rate is 88.63%.
The price has fluctuated significantly but has shown a certain level of investment return. On October 22, 2024, its price was about 4 yuan RMB, with a 24-hour trading volume of 9.0602 million RMB. Its historical highest price has reached a relatively high level, but it has also experienced significant price fluctuations.
#CKB助力比特币生态
👍
Ruyi Wealth Code $CKB
Let me briefly introduce
Nervos Network is an open-source public chain ecosystem that includes a set of layered protocols compatible with each other, centered on blockchain technology, to solve the scalability issues of blockchain. The Nervos Common Knowledge Base, a shared knowledge base, is the underlying public chain of the Nervos Network based on the POW consensus mechanism. While allowing encrypted assets to gain security, stability, and permissionless access, it supports smart contracts, second-layer scalability solutions, and captures the entire network's value through the design of the crypto-economy of 'value storage' for its native token CKB.
Market capitalization is $486 million, with a circulation rate of 99.31%.
K-line shape:
The recent K-line shows a downward oscillation trend, with prices gradually declining from 0.012438 to the latest 0.011894. On November 3, a long lower shadow was seen, indicating some buying support at low levels, but overall it remains weak.
Technical indicators:
MACD: Both DIF and DEA are negative and close to the zero line, showing that short selling strength is weakening, potentially forming a golden cross rebound signal.
RSI: The current RSI value is about 40, not yet in the oversold zone but close, indicating a possible technical rebound in the short term.
EMA: EMA7 < EMA30 < EMA120, with short, medium, and long-term moving averages in a bearish arrangement, indicating an overall bearish trend. The current price is slightly below EMA7, indicating short-term pressure.
Volume:
On November 3, the trading volume significantly increased to 2,256,902,631, showing heavy market selling pressure.
Recently, the CKB official has also been holding activities, allowing for early positioning.
Contract entry position: short at current price
Spot entry position: around 0.01111
#CKB助力比特币生态
Let me briefly introduce
Nervos Network is an open-source public chain ecosystem that includes a set of layered protocols compatible with each other, centered on blockchain technology, to solve the scalability issues of blockchain. The Nervos Common Knowledge Base, a shared knowledge base, is the underlying public chain of the Nervos Network based on the POW consensus mechanism. While allowing encrypted assets to gain security, stability, and permissionless access, it supports smart contracts, second-layer scalability solutions, and captures the entire network's value through the design of the crypto-economy of 'value storage' for its native token CKB.
Market capitalization is $486 million, with a circulation rate of 99.31%.
K-line shape:
The recent K-line shows a downward oscillation trend, with prices gradually declining from 0.012438 to the latest 0.011894. On November 3, a long lower shadow was seen, indicating some buying support at low levels, but overall it remains weak.
Technical indicators:
MACD: Both DIF and DEA are negative and close to the zero line, showing that short selling strength is weakening, potentially forming a golden cross rebound signal.
RSI: The current RSI value is about 40, not yet in the oversold zone but close, indicating a possible technical rebound in the short term.
EMA: EMA7 < EMA30 < EMA120, with short, medium, and long-term moving averages in a bearish arrangement, indicating an overall bearish trend. The current price is slightly below EMA7, indicating short-term pressure.
Volume:
On November 3, the trading volume significantly increased to 2,256,902,631, showing heavy market selling pressure.
Recently, the CKB official has also been holding activities, allowing for early positioning.
Contract entry position: short at current price
Spot entry position: around 0.01111
#CKB助力比特币生态
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Exploring CKB
In today's complex cryptocurrency landscape, CKB (Nervos CKB) shines like a brilliant star, attracting countless investors and technology enthusiasts.
The Technological Foundation of CKB
CKB is built on a unique and highly innovative technological architecture. As a core component of the Nervos network, its 'Cell model' design is nothing short of ingenious. This model resembles magical Lego blocks that construct the crypto world, where each Cell has the capability to store data and code. Based on this, CKB achieves a high degree of flexibility and scalability. Unlike traditional blockchains, it can effortlessly accommodate various complex smart contracts and decentralized applications (DApps), providing developers with a high-quality platform of limitless potential.
The Technological Foundation of CKB
CKB is built on a unique and highly innovative technological architecture. As a core component of the Nervos network, its 'Cell model' design is nothing short of ingenious. This model resembles magical Lego blocks that construct the crypto world, where each Cell has the capability to store data and code. Based on this, CKB achieves a high degree of flexibility and scalability. Unlike traditional blockchains, it can effortlessly accommodate various complex smart contracts and decentralized applications (DApps), providing developers with a high-quality platform of limitless potential.
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Bitcoin Price Analysis: Bears Push Price Below $70,000, Weakening Ethereum Bulls
The two-day chart of Bitcoin shows a bullish price structure, characterized by a breakout above key resistance levels and the formation of higher lows and higher highs. According to Crypto World analyst Josh, this trend indicates an optimistic outlook for Bitcoin, suggesting that despite short-term fluctuations, the overall trend remains bullish.
The daily chart of Bitcoin indicates that it is currently facing resistance in the $72,000 to $74,000 range. Historically, this area has been a significant resistance level from March to June, so it is important to monitor closely. A breakout above $74,000 may pave the way for a new all-time high, signaling strong bullish momentum.
The daily chart of Bitcoin indicates that it is currently facing resistance in the $72,000 to $74,000 range. Historically, this area has been a significant resistance level from March to June, so it is important to monitor closely. A breakout above $74,000 may pave the way for a new all-time high, signaling strong bullish momentum.
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Bolivia's bank launches USDT custodial service, cryptocurrency development momentum continues
Trends in Bolivia's cryptocurrency development: From ban to gradual acceptance
As a major bank announces the launch of custodial services for Tether's USDt stablecoin, the South American country Bolivia continues to progress in the cryptocurrency field.
1. Banco Bisa launches USDt custodial service
Bolivia's Banco Bisa has announced the launch of USDt (USDT) custodial services. The bank clearly stated that this service will enable customers to buy, sell, and transfer cryptocurrencies through the bank.
Banco Bisa stated that this service will allow users to hold their own assets, which can be sent to relatives and facilitate cross-border payments.
As a major bank announces the launch of custodial services for Tether's USDt stablecoin, the South American country Bolivia continues to progress in the cryptocurrency field.
1. Banco Bisa launches USDt custodial service
Bolivia's Banco Bisa has announced the launch of USDt (USDT) custodial services. The bank clearly stated that this service will enable customers to buy, sell, and transfer cryptocurrencies through the bank.
Banco Bisa stated that this service will allow users to hold their own assets, which can be sent to relatives and facilitate cross-border payments.
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Bitcoin Price Analysis: U.S. Election Approaches, Future Volatility Intensifies!
Bitcoin has recently experienced volatility, dropping below $67,000 after losing overnight gains, with an intraday low of $65,700. This decline is related to heightened geopolitical tensions, particularly the escalation of the conflict between Israel and Iran, prompting investors to turn to safer assets. During times of global instability, weakened market confidence has led Bitcoin to face selling pressure.
Despite the grim outlook, many analysts believe the U.S. election will be a turning point for crypto assets. With rising global tensions and the U.S. election approaching, traders are concerned about Bitcoin's actual performance in the fourth quarter.
Despite the grim outlook, many analysts believe the U.S. election will be a turning point for crypto assets. With rising global tensions and the U.S. election approaching, traders are concerned about Bitcoin's actual performance in the fourth quarter.
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Poverty Alleviation and Prosperity ALPHA
4H
The recent price has fluctuated between 0.09371 and 0.07937, showing a significant downward trend.
After a sharp rise on October 22, it quickly retreated, forming a K-line pattern with a 'long upper shadow', indicating heavy selling pressure above.
MACD: Currently, both DIF and DEA are negative, and the MACD histogram is below the zero axis, indicating the market is in a bearish trend, but there are signs of convergence.
Trading Direction: Look at 0.077
4H
The recent price has fluctuated between 0.09371 and 0.07937, showing a significant downward trend.
After a sharp rise on October 22, it quickly retreated, forming a K-line pattern with a 'long upper shadow', indicating heavy selling pressure above.
MACD: Currently, both DIF and DEA are negative, and the MACD histogram is below the zero axis, indicating the market is in a bearish trend, but there are signs of convergence.
Trading Direction: Look at 0.077
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Poverty alleviation and prosperity ALPHA
Strong support around 0.08, current price buy in, stop loss at 0.08 is fine
Strong support around 0.08, current price buy in, stop loss at 0.08 is fine
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Bullish Cryptocurrency Bets Encounter October's Second-Largest Liquidation Day
Bullish cryptocurrency bets betting on the market to continue rising experienced the second-largest liquidation day in October. After Bitcoin's decline pulled down the prices of major cryptocurrencies, the market is currently stabilizing.
Data from CoinGlass shows that on October 23, the total amount of cryptocurrency liquidations reached $261 million, with over $203.5 million coming from bullish bets, a figure only surpassed by the $450.8 million in liquidations from bullish cryptocurrencies when Bitcoin (BTC) fell about 5% on October 1.
The number of liquidation days for Ethereum (ETH) bullish bets was the highest, with liquidation amounts exceeding $77 million in the past 24 hours; followed by Bitcoin call options, with liquidation amounts around $58.3 million.
Data from CoinGlass shows that on October 23, the total amount of cryptocurrency liquidations reached $261 million, with over $203.5 million coming from bullish bets, a figure only surpassed by the $450.8 million in liquidations from bullish cryptocurrencies when Bitcoin (BTC) fell about 5% on October 1.
The number of liquidation days for Ethereum (ETH) bullish bets was the highest, with liquidation amounts exceeding $77 million in the past 24 hours; followed by Bitcoin call options, with liquidation amounts around $58.3 million.
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Market volatility may intensify in the next 48 hours—Expectations for Bitcoin price increase this weekend are as follows
The price of Bitcoin has retreated after failing to break through $70,000, as traders appear to hold a pessimistic view of cryptocurrencies. The price is tightly consolidating within a certain range, indicating a very low probability of a breakout in the near term. However, volatility for the token is expected to increase in the coming days, so significant price changes may occur after any rebounds.
So, what will be the next step for the BTC price increase? Will it end this month's trading with bullish momentum?
This month, Bitcoin experienced a roller-coaster-like rise, while market participants have historically held a bullish attitude at the beginning of the last quarter. Nevertheless, bears are still waiting for prices to reach higher levels, while bulls are facing a lack of strength. In this situation, as BTC options expire this Friday, here are the expectations for the BTC price increase.
So, what will be the next step for the BTC price increase? Will it end this month's trading with bullish momentum?
This month, Bitcoin experienced a roller-coaster-like rise, while market participants have historically held a bullish attitude at the beginning of the last quarter. Nevertheless, bears are still waiting for prices to reach higher levels, while bulls are facing a lack of strength. In this situation, as BTC options expire this Friday, here are the expectations for the BTC price increase.
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Bitcoin and Major Currencies Fall Due to Surge in Leverage; CAT Token Rises 60% After Futures Listing
Bitcoin approached $70,000 last weekend but failed to maintain that momentum, dropping 2.2% to just above $67,000. Other major cryptocurrencies such as ETH, TON, and ADA also experienced similar declines. Over $165 million in long positions (positions betting on price increases) were liquidated in cryptocurrency futures tracking major tokens, indicating a large amount of leverage in the market.
Meanwhile, market analysts predict that cryptocurrencies such as BTC and ETH will exhibit range-bound fluctuations this week, as key resistance levels have yet to be broken. Bitcoin (BTC) failed to maintain its momentum, which rose to nearly $70,000 over the weekend, dropping 2.2% to just above $67,000 on Tuesday morning, with all major tokens experiencing declines. BTC fell by 2%, while Ether (ETH), TON coin (TON), and Cardano (ADA) all saw declines of 3%, with Ripple (XRP) and BNB Chain coin (BNB) showing slight movements, and Dogecoin (DOGE) dropping nearly 1%.
Meanwhile, market analysts predict that cryptocurrencies such as BTC and ETH will exhibit range-bound fluctuations this week, as key resistance levels have yet to be broken. Bitcoin (BTC) failed to maintain its momentum, which rose to nearly $70,000 over the weekend, dropping 2.2% to just above $67,000 on Tuesday morning, with all major tokens experiencing declines. BTC fell by 2%, while Ether (ETH), TON coin (TON), and Cardano (ADA) all saw declines of 3%, with Ripple (XRP) and BNB Chain coin (BNB) showing slight movements, and Dogecoin (DOGE) dropping nearly 1%.
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BTC 1H
After the failure to break previous high
A strong bearish trendline has broken down
The rebound support resistance is blocked and continues to oscillate downwards
Currently in a consolidation range
If it continues to pull back, key positions to watch are
658xx\642xx\630xx
#BTC要挑战7W大关了吗？
After the failure to break previous high
A strong bearish trendline has broken down
The rebound support resistance is blocked and continues to oscillate downwards
Currently in a consolidation range
If it continues to pull back, key positions to watch are
658xx\642xx\630xx
#BTC要挑战7W大关了吗？
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Still hesitating about which coin to buy?
Perhaps everyone is too affected by the current sluggish market, to the point of forgetting that the crypto world is a place for speculation.
Remember these important time points: November 3-5 is the U.S. midterm elections, November 6 is the interest rate decision day, and December 14 is when the election results will be announced.
Before November, sectors related to the elections will definitely experience significant fluctuations.
People often ask which of the two candidates has a better chance of winning; they actually just want to know who can win. Even if Old Trump does nothing this time, he can still win comfortably. Here are a few projects I recommend keeping an eye on:
TRUMP: The leader in the election MEME track.
TREMP: A MEME coin targeting Trump, with interesting gameplay and significant price volatility.
PEOPLE: The first choice in the track, its price increase is obvious to all, but it carries high risk and great rewards!
PTRUMP: Trump-themed concept coin on PEPE.
I hope this gives you some direction; pay attention to risks and invest rationally!
#APE暴涨 #YGG、ADA、ENA解锁
Perhaps everyone is too affected by the current sluggish market, to the point of forgetting that the crypto world is a place for speculation.
Remember these important time points: November 3-5 is the U.S. midterm elections, November 6 is the interest rate decision day, and December 14 is when the election results will be announced.
Before November, sectors related to the elections will definitely experience significant fluctuations.
People often ask which of the two candidates has a better chance of winning; they actually just want to know who can win. Even if Old Trump does nothing this time, he can still win comfortably. Here are a few projects I recommend keeping an eye on:
TRUMP: The leader in the election MEME track.
TREMP: A MEME coin targeting Trump, with interesting gameplay and significant price volatility.
PEOPLE: The first choice in the track, its price increase is obvious to all, but it carries high risk and great rewards!
PTRUMP: Trump-themed concept coin on PEPE.
I hope this gives you some direction; pay attention to risks and invest rationally!
#APE暴涨 #YGG、ADA、ENA解锁
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Daily market analysis - $ETH
The reference period is 4H. The previous article said - "The overall market of ETH is a rising box for me. A strong upward trend needs to break through the box, and a TP1 is given."
As can be seen in the new picture, the price was once blocked by an upper shadow line in the TP1:2720 area. Now I can only give the new TP2:2792 area and TP3:2865 area. The support is temporarily set at the 2645 area. TP1 does not look like a support at present.
#APE暴涨 #BTC要挑战7W大关了吗？
The reference period is 4H. The previous article said - "The overall market of ETH is a rising box for me. A strong upward trend needs to break through the box, and a TP1 is given."
As can be seen in the new picture, the price was once blocked by an upper shadow line in the TP1:2720 area. Now I can only give the new TP2:2792 area and TP3:2865 area. The support is temporarily set at the 2645 area. TP1 does not look like a support at present.
#APE暴涨 #BTC要挑战7W大关了吗？
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Tether’s USDt market cap exceeds $120 billion for the first time, signaling a possible crypto rebound
The market capitalization of Tether’s dollar-denominated stablecoin (USDt) has surpassed $120 billion for the first time, setting a record, which may indicate that cryptocurrencies are about to rise again.
The milestone was confirmed on October 20, according to Tether’s official website, which provides real-time updates on the stablecoin’s circulating supply.
Stablecoins such as Tether are a key interface for investors to convert between fiat currencies and digital assets. The growth of stablecoin supply is often seen as a positive market signal because it means that investors are preparing to enter the cryptocurrency market.
The milestone was confirmed on October 20, according to Tether’s official website, which provides real-time updates on the stablecoin’s circulating supply.
Stablecoins such as Tether are a key interface for investors to convert between fiat currencies and digital assets. The growth of stablecoin supply is often seen as a positive market signal because it means that investors are preparing to enter the cryptocurrency market.
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Dogecoin rises 9% to $0.14 after Elon Musk's town hall speech
Dogecoin (DOGE) has gained 9% in the past 24 hours to $0.14, bringing its market cap to $20 billion. The price surge was sparked by comments made by Elon Musk at a town hall meeting in Folsom, Pennsylvania.
Musk, who was promoting Donald Trump's presidential campaign, was asked by an audience member about his vision for a "Department of Government Efficiency" and responded with a witty "Yes, Dogecoin." The answer drew cheers from the audience and the price of Dogecoin quickly climbed on social media.
Musk, who was promoting Donald Trump's presidential campaign, was asked by an audience member about his vision for a "Department of Government Efficiency" and responded with a witty "Yes, Dogecoin." The answer drew cheers from the audience and the price of Dogecoin quickly climbed on social media.