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11 promises from Trump after being elected President of the United States
11 promises from Trump after being elected President of the United States
Mr. Trump's promises to the crypto community show a strong stance to promote cryptocurrency and solidify the United States' position in the digital asset space. Below is a summary of his key commitments:
Firing SEC Chairman: Mr. Trump announced he would fire Gary Gensler on his first day in office to reduce strict regulations on cryptocurrency.
Mr. Trump's promises to the crypto community show a strong stance to promote cryptocurrency and solidify the United States' position in the digital asset space. Below is a summary of his key commitments:
Firing SEC Chairman: Mr. Trump announced he would fire Gary Gensler on his first day in office to reduce strict regulations on cryptocurrency.
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🔥 What will the market look like if Trump or Harris wins
Source: @milesdeutscher
IF TRUMP WINS:
• $DOGE will surge (the D.O.G.E initiative will drive DOGE's price up, and it has shown strength as a leading symbol). When DOGE rises, it will attract attention and pull capital into the entire memecoin market.
• Altcoins will also flourish, and memecoins have already been the strongest performing coins before the election. Even though memecoins had previously declined significantly due to investors hedging risks, if Trump wins, people will rush to reposition, creating a wave of FOMO.
• In reality, memecoins are often high-risk assets but very attractive when speculation drives prices up (this has repeated multiple times this year).
IF KAMALA WINS:
• Concerns about the potential tightening of regulations on utility tokens may lead investors to turn to memecoins as an alternative. At the very least, this will make memecoins outperform sectors like DeFi, which will be at risk of strict oversight.
• The altcoin market in general may be neglected as fear spreads and major tokens show weakness, causing investors to choose memecoins, which have demonstrated strength this year.
• Ironically, many believe that holding memecoins seems less risky compared to many other altcoins (this narrative is gradually being accepted by retail investors).
• As for execution, I don't think preparing a position now is a bad idea, as memecoins have dropped significantly beforehand. However, I am really interested in the scenario of a strong correction during or after the election, at which point I will buy heavily into memecoins.
#tintucbitcoin #MarketDownturn
Source: @milesdeutscher
IF TRUMP WINS:
• $DOGE will surge (the D.O.G.E initiative will drive DOGE's price up, and it has shown strength as a leading symbol). When DOGE rises, it will attract attention and pull capital into the entire memecoin market.
• Altcoins will also flourish, and memecoins have already been the strongest performing coins before the election. Even though memecoins had previously declined significantly due to investors hedging risks, if Trump wins, people will rush to reposition, creating a wave of FOMO.
• In reality, memecoins are often high-risk assets but very attractive when speculation drives prices up (this has repeated multiple times this year).
IF KAMALA WINS:
• Concerns about the potential tightening of regulations on utility tokens may lead investors to turn to memecoins as an alternative. At the very least, this will make memecoins outperform sectors like DeFi, which will be at risk of strict oversight.
• The altcoin market in general may be neglected as fear spreads and major tokens show weakness, causing investors to choose memecoins, which have demonstrated strength this year.
• Ironically, many believe that holding memecoins seems less risky compared to many other altcoins (this narrative is gradually being accepted by retail investors).
• As for execution, I don't think preparing a position now is a bad idea, as memecoins have dropped significantly beforehand. However, I am really interested in the scenario of a strong correction during or after the election, at which point I will buy heavily into memecoins.
#tintucbitcoin #MarketDownturn
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The CEO of VanEck said, "The value of Bitcoin will be half of the total circulating value of gold, around 300K USD for each Bitcoin... That is a reasonable assumption (not a bullish assumption)."
#tintucbitcoin #BTC300K BTC300K #btc
#tintucbitcoin #BTC300K BTC300K #btc
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🚀 PTKT on 08/11/2024: Solana (SOL) is preparing to break out and could become the new "king" of altcoins
Since October 2023, the price of SOL has increased from 20 USD to 200 USD, achieving a return of 900%, demonstrating its outstanding potential compared to ETH in leading the altcoin market. When Bitcoin broke the ATH mark of 73,800 USD, SOL also began a strong upward wave.
• SOL/USDT: On the D1 timeframe, SOL has accumulated within the range of 120 - 180 USD and is currently breaking out of this phase to continue the upward trend. The price is above the 300-day EMA, reinforcing the solid upward trend.
• SOL/BTC: The SOL/BTC pair also shows positive signs as the price is about to break out of a triangle accumulation pattern that has lasted over half a year. This indicates SOL is performing better than BTC and is ready for a strong increase.
• SOL and ETH: From October 2023 to now, SOL has increased by 900% while ETH has only increased by 87%. The SOL/ETH pair has continuously risen and broken ATHs, indicating SOL is superior to ETH.
The altcoin market capitalization chart (TOTAL2) has confirmed a bullish structure, supporting the assertion that altcoins will continue their upward trend. SOL could lead in this cycle, especially as ETH's performance appears much weaker.
Despite the positive outlook, caution is needed as the USDT market share has decreased and reached support levels on the D1 timeframe, which could lead to short-term corrections. A reasonable accumulation price range for SOL is between 155 - 170 USD on the H4 timeframe, aligning with the upward trend structure.
@TinTucBitcoin #tintucbitcoin #Solana $SOL BTC300K
Since October 2023, the price of SOL has increased from 20 USD to 200 USD, achieving a return of 900%, demonstrating its outstanding potential compared to ETH in leading the altcoin market. When Bitcoin broke the ATH mark of 73,800 USD, SOL also began a strong upward wave.
• SOL/USDT: On the D1 timeframe, SOL has accumulated within the range of 120 - 180 USD and is currently breaking out of this phase to continue the upward trend. The price is above the 300-day EMA, reinforcing the solid upward trend.
• SOL/BTC: The SOL/BTC pair also shows positive signs as the price is about to break out of a triangle accumulation pattern that has lasted over half a year. This indicates SOL is performing better than BTC and is ready for a strong increase.
• SOL and ETH: From October 2023 to now, SOL has increased by 900% while ETH has only increased by 87%. The SOL/ETH pair has continuously risen and broken ATHs, indicating SOL is superior to ETH.
The altcoin market capitalization chart (TOTAL2) has confirmed a bullish structure, supporting the assertion that altcoins will continue their upward trend. SOL could lead in this cycle, especially as ETH's performance appears much weaker.
Despite the positive outlook, caution is needed as the USDT market share has decreased and reached support levels on the D1 timeframe, which could lead to short-term corrections. A reasonable accumulation price range for SOL is between 155 - 170 USD on the H4 timeframe, aligning with the upward trend structure.
@TinTucBitcoin #tintucbitcoin #Solana $SOL BTC300K
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Coinbase launches Bitcoin on Solana, boosting DeFi
Coinbase launches Bitcoin on Solana, boosting DeFi
The largest cryptocurrency exchange in the United States, Coinbase, has launched its wrapped version of Bitcoin on the Layer-1 Solana blockchain in a bid to expand the adoption of this asset in DeFi.
"This is the first token Coinbase has issued on Solana, and with it, we are excited to provide easy access to BTC," the company stated in a post on X announcing the deployment on November 7.
The largest cryptocurrency exchange in the United States, Coinbase, has launched its wrapped version of Bitcoin on the Layer-1 Solana blockchain in a bid to expand the adoption of this asset in DeFi.
"This is the first token Coinbase has issued on Solana, and with it, we are excited to provide easy access to BTC," the company stated in a post on X announcing the deployment on November 7.
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53 million SHIB burned, why does SHIB depend on DOGE?
53 million SHIB burned, why does SHIB depend on DOGE?
The Shiba Inu burn rate surged on election day, driven by the SHIB community.
Despite a slight price increase, the breakout still depends on DOGE's momentum.
Coincidence or not, Shiba Inu [SHIB] has recently gained attention in the cryptocurrency space with an astonishing 3,674% increase in the SHIB burn rate on U.S. presidential election day.
Traditional SHIB relies on its burning mechanism, sending tokens to inaccessible wallets to reduce supply and increase value.
The Shiba Inu burn rate surged on election day, driven by the SHIB community.
Despite a slight price increase, the breakout still depends on DOGE's momentum.
Coincidence or not, Shiba Inu [SHIB] has recently gained attention in the cryptocurrency space with an astonishing 3,674% increase in the SHIB burn rate on U.S. presidential election day.
Traditional SHIB relies on its burning mechanism, sending tokens to inaccessible wallets to reduce supply and increase value.
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Avalanche (AVAX) increased by 24% in 48 hours but THIS could hinder the upward momentum.
Avalanche (AVAX) increased by 24% in 48 hours but THIS could hinder the upward momentum.
AVAX is testing an important support level, with on-chain indicators showing many positive signs.
The liquidity level of altcoins may experience a short-term pullback, but the overall market remains optimistic.
Avalanche [AVAX] has seen a price increase of 24% in the past 48 hours after bouncing back from a price of 22 USD.
AVAX is testing an important support level, with on-chain indicators showing many positive signs.
The liquidity level of altcoins may experience a short-term pullback, but the overall market remains optimistic.
Avalanche [AVAX] has seen a price increase of 24% in the past 48 hours after bouncing back from a price of 22 USD.
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Detroit residents will pay taxes with Cryptocurrency starting in mid-2025.
Detroit residents will pay taxes with Cryptocurrency starting in mid-2025.
The city of Detroit is set to allow residents to pay taxes and other fees with Cryptocurrency, a move that is part of efforts to 'modernize' and attract blockchain companies to the city, according to a statement from the Detroit Treasury Office.
In a statement on November 7, the Detroit Treasury announced that new Cryptocurrency payment options will be provided through a 'secure payment platform managed by PayPal' starting in mid-2025.
The city of Detroit is set to allow residents to pay taxes and other fees with Cryptocurrency, a move that is part of efforts to 'modernize' and attract blockchain companies to the city, according to a statement from the Detroit Treasury Office.
In a statement on November 7, the Detroit Treasury announced that new Cryptocurrency payment options will be provided through a 'secure payment platform managed by PayPal' starting in mid-2025.
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Reporter: If President Trump asks you to resign, will you resign?
Chairman of the FED: No.
Reporter: So legally, can President Trump force you to resign?
Chairman of the FED: No.
To understand more, Jerome Powell was appointed as the Governor of the FED by President Obama in 2012, then appointed as the Chairman of the FED by President Trump in 2016 and reappointed by President Biden. He has served under three presidents from two different parties.
Follow @TinTucBitcoin for the latest updates.
#tintucbitcoin #Write2Win #btc #binance #bitcoin
Chairman of the FED: No.
Reporter: So legally, can President Trump force you to resign?
Chairman of the FED: No.
To understand more, Jerome Powell was appointed as the Governor of the FED by President Obama in 2012, then appointed as the Chairman of the FED by President Trump in 2016 and reappointed by President Biden. He has served under three presidents from two different parties.
Follow @TinTucBitcoin for the latest updates.
#tintucbitcoin #Write2Win #btc #binance #bitcoin
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Bitcoin hits $76,800, just the beginning!
Bitcoin hits $76,800, just the beginning!
On November 7, Bitcoin continued the trend of setting a new daily price record as BTC traded above $76,800.
Strong inflows from Bitcoin ETF funds at the spot market, breaking out of a 7-month downtrend into BTC's price exploration area, along with the success of the Republican red wave across all three branches of government are signals prompting many institutional investor groups to increase their allocations into Bitcoin.
On November 7, Bitcoin continued the trend of setting a new daily price record as BTC traded above $76,800.
Strong inflows from Bitcoin ETF funds at the spot market, breaking out of a 7-month downtrend into BTC's price exploration area, along with the success of the Republican red wave across all three branches of government are signals prompting many institutional investor groups to increase their allocations into Bitcoin.
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Maker (MKR) aims for 2.2K USD but what is hindering the upward momentum?
Maker (MKR) aims for 2.2K USD but what is hindering the upward momentum?
MKR is showing strong growth momentum after breaking a bullish pattern, although it is facing minor resistance.
Market indicators suggest high interest from traders, with increased buying activity reflecting confidence in further growth.
In the past 24 hours, Maker [MKR] has increased by 11.20%, reaching 1,416.32 USD at the time of reporting. Indicators such as the Funding Rate and Open Interest (OI) suggest that the upward momentum may continue.
MKR is showing strong growth momentum after breaking a bullish pattern, although it is facing minor resistance.
Market indicators suggest high interest from traders, with increased buying activity reflecting confidence in further growth.
In the past 24 hours, Maker [MKR] has increased by 11.20%, reaching 1,416.32 USD at the time of reporting. Indicators such as the Funding Rate and Open Interest (OI) suggest that the upward momentum may continue.
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Ethereum Primed for ‘Monster Rally’ as Price Nears $2.9K
Ethereum Primed for ‘Monster Rally’ as Price Nears $2.9K
Ether has rallied by nearly 25% since the start of 2024, but analysts still believe it is undervalued and poised to make a strong breakout after Bitcoin printed a new all-time high this week.
“I think ETH has a real shot at starting a monster rally right now,” pseudonymous crypto trader Byzantine General said in a Nov. 6 tweet.
Ether has rallied by nearly 25% since the start of 2024, but analysts still believe it is undervalued and poised to make a strong breakout after Bitcoin printed a new all-time high this week.
“I think ETH has a real shot at starting a monster rally right now,” pseudonymous crypto trader Byzantine General said in a Nov. 6 tweet.
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Hut 8 increases 66% hashrate thanks to the purchase of 31K Bitcoin mining machines
Hut 8 increases 66% hashrate thanks to the purchase of 31K Bitcoin mining machines
Bitcoin miner Hut 8 predicts its self-mining hashrate will increase by 66% around the beginning of 2025, after agreeing to purchase 31,145 Bitmain Antminers S21+.
Hut 8 has agreed to pay $15 per terahash for the mining machines, expected to be delivered in early Q1 2025, the company revealed in a statement on November 6.
Hut 8 expects its self-mining hashrate to increase from 5.6 exahashes per second to approximately 9.3 exahashes per second (EH/s) when the machines are installed — marking a 66% increase.
Bitcoin miner Hut 8 predicts its self-mining hashrate will increase by 66% around the beginning of 2025, after agreeing to purchase 31,145 Bitmain Antminers S21+.
Hut 8 has agreed to pay $15 per terahash for the mining machines, expected to be delivered in early Q1 2025, the company revealed in a statement on November 6.
Hut 8 expects its self-mining hashrate to increase from 5.6 exahashes per second to approximately 9.3 exahashes per second (EH/s) when the machines are installed — marking a 66% increase.
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Record volume: BlackRock Bitcoin ETF reached $4.1 billion!
Record volume: BlackRock Bitcoin ETF reached $4.1 billion!
BlackRock's Bitcoin exchange-traded fund (ETF) recorded a record trading day after Donald Trump's victory in the U.S. presidential election.
In a post on November 6, Bloomberg's ETF analyst Eric Balchunas shared that the iShares Bitcoin Trust (IBIT) had its 'largest trading day ever' with daily trading volume exceeding $4.1 billion on November 6.
BlackRock's Bitcoin exchange-traded fund (ETF) recorded a record trading day after Donald Trump's victory in the U.S. presidential election.
In a post on November 6, Bloomberg's ETF analyst Eric Balchunas shared that the iShares Bitcoin Trust (IBIT) had its 'largest trading day ever' with daily trading volume exceeding $4.1 billion on November 6.
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Could Ethereum rise 222% like Solana in 2023?
Could Ethereum rise 222% like Solana in 2023?
Ethereum accurately reproduces the structure of Solana, forming a triangle below its resistance level.
Repeated liquidity attraction on ETH could trigger a price surge.
The charts of Ethereum [ETH] and Solana [SOL] reveal a remarkable similarity between the recent price actions of ETH and SOL at the beginning of 2023.
At the beginning of 2023, Solana's price formed an ascending triangle, accumulating below resistance before surging with over 222% momentum.
Ethereum accurately reproduces the structure of Solana, forming a triangle below its resistance level.
Repeated liquidity attraction on ETH could trigger a price surge.
The charts of Ethereum [ETH] and Solana [SOL] reveal a remarkable similarity between the recent price actions of ETH and SOL at the beginning of 2023.
At the beginning of 2023, Solana's price formed an ascending triangle, accumulating below resistance before surging with over 222% momentum.
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Pro-crypto candidates win big across America.
Pro-crypto candidates won big across America.
The 2024 U.S. elections have seen hundreds of pro-crypto candidates elected as results continue to pour in from across the nation.
At this point, data from Coinbase's Stand With Crypto (SWC) website shows that pro-crypto officials have been elected in most states. According to the website's map, only New Mexico, Alaska, Hawaii, Vermont, and Maine have not elected a pro-crypto candidate.
The 2024 U.S. elections have seen hundreds of pro-crypto candidates elected as results continue to pour in from across the nation.
At this point, data from Coinbase's Stand With Crypto (SWC) website shows that pro-crypto officials have been elected in most states. According to the website's map, only New Mexico, Alaska, Hawaii, Vermont, and Maine have not elected a pro-crypto candidate.
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Bitcoin whales accumulate $132 million as Trump is predicted to win.
Bitcoin whales accumulate $132 million as Trump is predicted to win.
New Bitcoin 'whales', or investors holding large amounts of the asset, appear to be accumulating this cryptocurrency ahead of the possibility of former President Donald Trump winning the 2024 election.
Whales have bought and withdrawn over 1,806 Bitcoin (BTC) worth more than $132 million from 11 newly created cryptocurrency wallets.
Withdrawals from Binance, the world's largest centralized exchange, have been flagged by the cryptocurrency intelligence platform Lookonchain in a post on November 6.
New Bitcoin 'whales', or investors holding large amounts of the asset, appear to be accumulating this cryptocurrency ahead of the possibility of former President Donald Trump winning the 2024 election.
Whales have bought and withdrawn over 1,806 Bitcoin (BTC) worth more than $132 million from 11 newly created cryptocurrency wallets.
Withdrawals from Binance, the world's largest centralized exchange, have been flagged by the cryptocurrency intelligence platform Lookonchain in a post on November 6.
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XRP's market capitalization risks falling behind DOGE despite a 5% increase.
XRP's market capitalization risks falling behind DOGE despite a 5% increase.
The market capitalization value of Ripple (XRP) has increased, but it risks being surpassed by Dogecoin (DOGE) if both cryptocurrencies maintain their current performance. In the past 24 hours, XRP's price has increased by 5.20%, while DOGE surged by 22%.
If this trend continues, DOGE's rapid growth rate could help it narrow the market capitalization gap between the two cryptocurrencies. The outcome also depends on whether XRP can maintain or accelerate its price increase.
The market capitalization value of Ripple (XRP) has increased, but it risks being surpassed by Dogecoin (DOGE) if both cryptocurrencies maintain their current performance. In the past 24 hours, XRP's price has increased by 5.20%, while DOGE surged by 22%.
If this trend continues, DOGE's rapid growth rate could help it narrow the market capitalization gap between the two cryptocurrencies. The outcome also depends on whether XRP can maintain or accelerate its price increase.
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U.S. crypto industry: Trump's victory brings new hope
U.S. crypto industry: Trump's victory brings new hope
Former U.S. President Donald Trump is predicted to win the U.S. presidential election on November 5.
Trump, the Republican candidate, has nearly gathered enough electoral votes to declare victory.
His main rival, Vice President Kamala Harris, is lagging behind in key swing states such as Pennsylvania, Wisconsin, and Michigan.
Former U.S. President Donald Trump is predicted to win the U.S. presidential election on November 5.
Trump, the Republican candidate, has nearly gathered enough electoral votes to declare victory.
His main rival, Vice President Kamala Harris, is lagging behind in key swing states such as Pennsylvania, Wisconsin, and Michigan.
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Bitcoin heads for the moon: Track BTC price from $75K
Bitcoin heads for the moon: Track BTC price from $75K
Bitcoin (BTC) is experiencing new price discovery as bets on Donald Trump winning the U.S. presidential election have driven an 8% increase in BTC price.
BTC/USD chart over one month. Source: TradingView
The bullish market support levels of Bitcoin are being noted
Data from TinTucBitcoin and TradingView confirms a new record of $75,397 on Binance.
Bitcoin (BTC) is experiencing new price discovery as bets on Donald Trump winning the U.S. presidential election have driven an 8% increase in BTC price.
BTC/USD chart over one month. Source: TradingView
The bullish market support levels of Bitcoin are being noted
Data from TinTucBitcoin and TradingView confirms a new record of $75,397 on Binance.
