🇺🇸 Bitcoin usually pumps after US presidential elections � | TopCryptoNews on Binance Square

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🇺🇸 Bitcoin usually pumps after US presidential elections 👀
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🇰🇷 5 Altcoins Have Explosive Trading Volume Increases in South Korea! Here is the List South Korea’s largest cryptocurrency exchange Upbit reported significant increases in trading volumes across a variety of altcoins, with some seeing sharp increases in activity over the past hour. Here’s a breakdown of the most notable moves: One of the notable moves occurred on The Graph (#GRT ), which saw a significant jump in 1-hour trading volume on Upbit. Volume rose by 158.17% from an average of $720,000 to nearly $2 million. This increase outpaces GRT’s performance on Binance, where volume remained stable at around $1 million and only changed by 7.86%. Loom Network (#LOOM ) posted even more dramatic numbers. Its 1-hour volume on Upbit jumped from an average of $82 million to $623 million, representing an eye-popping 658.29% increase. In contrast, Binance reported a much more modest 30.31% increase during the same period. Another altcoin that saw unusual activity was Pendle Network (#PENDLE ), whose 1-hour volume on Upbit more than doubled from $707,000 to $2 million, a 172.55% increase. On Binance, PENDLE’s trading volume increased by 35.23%, still significant but much less than the movement seen on Upbit. Meanwhile, Cosmos (#ATOM ) saw a sharp increase in 4-hour trading volume on Upbit, rising 142.87% from an average of $61,000 to $148,000. However, in contrast to the strong performance on Upbit, ATOM’s 4-hour volume on Binance saw a slight decline, decreasing by 9.73%, indicating a possible divergence in market behavior between the exchanges. Finally, Beam (#BEAM ) also saw a surge in its 4-hour volume on Upbit, rising from $114 million to $352 million, marking a 209.70% increase. However, the altcoin experienced a sharp decline on Binance, with its 4-hour volume dropping by 39.80%.

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📈 Avalanche (#AVAX ) Could Rise 50% If It Breaks $28 Resistance – Crypto Analyst Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserve’s announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks. Currently trading near $28, the token is testing a key supply zone that has analysts and investors paying close attention to its next move. Many market participants are optimistic, projecting that a break above this resistance could pave the way for an aggressive rise in AVAX’s price. This would likely push AVAX into a new uptrend, potentially leading to fresh highs and even a 50% surge for the token. However, if Avalanche fails to break through this level, it risks a pullback that could see prices retest previous support levels. Analysts are highlighting this moment as crucial for determining AVAX’s market direction, as broader crypto sentiment has turned more bullish following the Federal Reserve’s recent decision. With increasing trading volume and investor interest, the next few days will be key in establishing whether Avalanche can sustain its momentum or face a short-term correction. 🔸 Avalanche Testing Key Supply Levels Avalanche has been one of the top-performing altcoins in recent days, showing impressive strength amid a broader market surge. This recent momentum could be just the beginning of a more significant move for AVAX, as analysts and investors are projecting even larger gains if the token continues to break through key supply levels. One of the most respected figures in the crypto space, Carl Runefelt, shared a bullish technical analysis of Avalanche on X, stating that AVAX has broken out of a falling wedge pattern, a classic indicator of bullish price action.

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⭐️ These 5 Cryptocurrencies to Watch Closely in the New Week Due to Expected Developments As the cryptocurrency market prepares for another eventful week, several altcoins are drawing the attention of traders and investors. Here are the key coins to watch. 🔸 Binance Coin (#BNB ) The cryptocurrency community is abuzz with news surrounding Binance CEO Changpeng Zhao (CZ). After facing legal challenges, CZ is set to be released from prison on September 29. Many speculate that this development could have a significant impact on the price of Binance Coin and the broader exchange ecosystem. 🔸 Bitcoin (#BTC ) Rumors are circulating that a major U.S. bank is preparing to offer Bitcoin custody services. If confirmed, it could mark a pivotal moment in Bitcoin’s mainstream adoption and further legitimize it as an institutional asset. 🔸 Jupiter (#JUP ) Jupiter Exchange is gearing up for a double launch with the launch of its mobile app and Ape Pro, a new product designed for memecoin trading and minting. This launch is expected to increase liquidity and boost trading activity, particularly for memecoin-based assets. 🔸 EtherFi (#ETHFI ) $37 million worth of ETHFI tokens will be unlocked as part of EtherFi’s season 3 airdrop next week. The imminent access to these funds by airdrop recipients could lead to increased market activity around the token. 🔸 MakerDAO (#MKR ) or its new name SKY In a major move, MakerDAO’s Co-Founder has revealed plans to offer to distribute MakerDAO’s products on the Solana blockchain. Whether it’s through MKR or SKY, this cross-chain integration could expand MakerDAO’s functionality and open the door to new decentralized finance (DeFi) opportunities.

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🤔 Bitcoin’s Next Target? Analysts Point to $89K as the Power Law Corridor Holds Strong The Power Law Corridor model further anticipates that Bitcoin could touch $89,000 or more before the end of the year based on price oscillations.The current Bitcoin price range is similar to previous trading ranges before large movements up or down, hence suggesting that a new breakout is in its way.The blue line on the model is seen by analysts as a long term trend, which consistently brings Bitcoin price up to higher grounds. Bitcoin is expected to hit and surpass the 89k mark by the end of the year through a principle called the Power Law Corridor. Experts have noted that in this model, the blue line actually serves as a sort of attractor, constantly moving the cryptocurrency in a more expensive price range. Allegedly, this framework has been accurate in its previous efforts at predicting Bitcoin’s market cycles and, as such, argues that the digital asset cannot avoid another massive breakout. 🔸 The Power Law Corridor and the Price Cycles of Bitcoin The Power Law Corridor is a model used to track Bitcoin’s price movement over time. It consists of a curved boundary with upper and lower limits that have historically captured Bitcoin’s price activity in various cycles. Over the years, Bitcoin has followed a predictable pattern within this corridor, with each new cycle marked by periods of consolidation, breakouts, and temporary corrections. 💬 #Bitcoin Above $89,000 by Year-End. 🚀 The blue line 🔵 of the Power Law Corridor pulls #BTC like a magnet. It’s only a matter of time before it trades above it. — Titan of Crypto Currently, Bitcoin appears to be consolidating before what analysts predict could be another breakout. This pattern was similarly observed in previous cycles, where a consolidation phase just before major upward movements led to significant price increases. With the blue line serving as a long-term trend indicator, many believe that Bitcoin will soon move above this line.

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🔔 Bitcoin whale wakes up after 14 years. According to Whale Alert, a Bitcoin whale sent 50 BTC to unknown addresses. This holder has been inactive for over 14 years. He received his assets in 2010 and 2013. Amazing endurance ! #Bitcoin #BTC

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