Immutable X (IMX) has experienced a significant downturn, with its price falling by 4.85% against the US Dollar in the last 24 hours. This decline is part of a broader negative trend, as IMX has also dropped by 2.90% against Bitcoin and 3.85% against Ethereum. Over the past month, IMX has lost 2.11% of its value, reflecting a bearish medium-term outlook. Despite a 182.42% increase over the past year, the current market sentiment remains neutral, with the Fear & Greed index indicating greed at 72. Investors should exercise caution, as the market's volatility and unpredictable nature pose significant risks.
Why is Bitcoin falling? Shaken by US stock markets
Cryptocurrencies, especially Bitcoin, retreated after US stock exchanges opened with a decline. Bitcoin, which was above 69 thousand dollars during the day, fell below 67 thousand dollars.
Bitcoin started the new week with a decline. While the number one cryptocurrency was trading above $69,500, it fell to $66 thousand 840 in the evening.
The decline in Bitcoin was in parallel with the withdrawal of US exchanges. US markets opened the week with a decline, where investors are waiting for the balance sheets of big companies. The S&P 500 index lost 0.65 percent, the Dow Jones index by 0.8 percent and the Nasdaq Composite index by 0.6 percent.
“Investors started to think the Fed would act slower”
On the other hand, the yield of 10-year US bonds increased by 9 points to 4,168 percent. Speaking to CNBC, CFRA chief investment strategist Sam Stovall said, "Bond yields continue to increase. Investors also think that the Fed will be slower in lowering interest rates as the economy continues to remain resilient. It will probably be more difficult for the Fed to reduce the inflation rate to the level of 2 percent it targets next year or more recently," he commented.
A prediction shared by Goldman Sachs strategists on Friday also resonated on Wall Street. In the analysis published by the bank, it was suggested that the S&P 500 will provide a nominal return of only 3 percent per year per year in the next 10 years. The average in the last 10 years was 13 percent. In addition, it was emphasized that the index is 72 percent likely to lag behind US Treasury bonds by 2034. “Investors should be prepared for the overall performance of their stocks for the next decade to be close to the lower limit,” the report said.
Fetch.ai (FET): Building the Future of Superintelligence on Blockchain 🤖📊
Here’s the trending token list you need to keep an eye on:
One click on this token could change your future! 🎯💸
🎁🔥 $RENDER
🎁🔥 $AKT
🎁🔥 $GRT
Priced at $1.40 with a market cap of $3.65 billion, Fetch.ai (FET) is pioneering the convergence of artificial intelligence and blockchain. By focusing on superintelligent systems, FET aims to revolutionize sectors such as transportation, finance, and healthcare. As AI gains traction, Fetch.ai is perfectly positioned to take advantage of the growing demand for intelligent decentralized systems. Will you invest in Fetch.ai before it becomes the backbone of AI-powered solutions?
{spot}(GRTUSDT)
{spot}(ATOMUSDT)
🚀 **FreeDum Fighters ICO Surges Ahead of US Election!** 🚀
FreeDum Fighters (DUM) is making waves in the PoliFi space with its satirical, gamified token project. Launched just days ago, its ICO has already raised over $200,000! With the 2024 presidential election nearing, PoliFi tokens are heating up, and FreeDum Fighters is leading the charge.
🔹 **Staking System:** Users can stake DUM on MAGATRON or Kamacop 9000 factions, earning high rewards (APYs up to 1,866%).
🔹 **Community Engagement:** Weekly debates, airdrops, and the “Chat with Joe” feature keep users entertained and invested.
Could FreeDum Fighters be the next big thing in PoliFi? Share your thoughts below! 👇
📈 European investors pour $105 billion into U.S. Bitcoin ETFs 🌍
The cryptocurrency market continues to evolve on a global scale. This year, European investors have allocated a record-breaking $105 billion to U.S. Bitcoin ETFs. This massive capital inflow has positioned Bitcoin as a strategic asset, although it hasn't yet broken the psychological barrier of $70,000 since July.
Despite this hurdle, the growing interest in ETFs and the all-time highs in Bitcoin's hashrate indicate increasing confidence in the network's security and stability. These inflows could positively impact BTC prices in the short term.
The ETF market took over five years to reach this level with assets like gold. However, Bitcoin is setting a new standard in terms of adoption and participation.
🔍 What are your thoughts on the future of Bitcoin ETFs? Could this be the start of a new bullish cycle? 🚀
DYOR and like for more!
#ETF #Crypto #invest
$HMSTR
Overall Trend: Slightly Downward
The overall trend of the HMSTR/USDT chart appears to be slightly downward over the past 24 hours. This is suggested by the red line on the candlestick chart, indicating price decreases.
Key Indicators and Observations:
Price: The current price is 0.003802 USDT.
Volume: The trading volume is relatively low, which can indicate a lack of strong buying or selling pressure.
Moving Averages (MA): The 7-day MA (0.003856) is slightly above the current price, suggesting a potential for a price increase. However, the 25-day and 99-day MAs are below the current price, indicating a longer-term downward trend.
Bollinger Bands: The price is currently below the upper band and above the lower band, suggesting that the price is within a relatively normal trading range.
Stochastic RSI: The Stochastic RSI is below 50, indicating that the asset is oversold. This could suggest a potential for a price rebound.
Relative Strength Index (RSI): The RSI is also below 50, further supporting the oversold condition.
MACD: The MACD line is below the signal line, indicating a potential for a downward trend.
Potential Outlook:
Based on the analysis, the HMSTR/USDT chart suggests a slightly downward trend. However, the oversold conditions indicated by the Stochastic RSI and RSI could suggest a potential for a short-term price rebound.
Factors to Consider:
News and Events: Any news or events related to HMSTR or the broader cryptocurrency market could significantly impact the price.
Market Sentiment: The overall sentiment in the cryptocurrency market can also influence the price of HMSTR/USDT
The coming BullRun is poised to be a wild, exhilarating ride, with massive potential for those who stay focused and act strategically. From now until September 2025, the crypto market is expected to witness explosive growth, presenting a rare opportunity where your $100 could potentially transform into $1 million if you stay active and seize the right moments.
To capitalize on this, it's crucial to be vigilant. The market will present not only price surges but also unprecedented opportunities through wild giveaways, airdrops, and other incentives. These promotions will come from emerging projects, decentralized finance (DeFi) platforms, and major exchanges, all vying for your attention as they seek to expand their user base and liquidity. Being on top of these events could multiply your portfolio rapidly.
However, while the potential for massive gains exists, it’s important to maintain discipline. The keys to thriving in this environment are focus, patience, and adaptability. Staying informed on market trends, new token releases, and the latest developments will allow you to take advantage of surges, while avoiding market traps.
By staying laser-focused and keeping your eyes on the opportunities that arise, you can go from obscurity to success. Keep your strategy sharp, be aware of the risks, and enjoy the ride—this could be one of the most thrilling BullRuns we’ve ever seen.
_🚨💹👌Gold Prices Hit Record High: $2,750/Ounce!_ 💥
$BTC $BNB $GRT 🌏⤴️🪙
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Gold prices have skyrocketed to an unprecedented $2,750 per ounce, driven by escalating Middle East tensions and uncertainty surrounding the US elections. Central banks' easing monetary policies, including China's rate cuts, have further fueled this trend.
_Key Drivers:_ 🚀
1️⃣ _Safe-Haven Demand:_ Investors seek refuge from global uncertainty.
2️⃣ _Central Bank Policies:_ Stimulus measures boost gold prices.
3️⃣ _Fed Rate Cut Expectations:_ 25 basis point reduction anticipated.
_Market Insights:_ 📊
- Gold's appeal as a safe-haven asset grows.
- Central banks' stimulus measures drive demand.
- Investors hedge against market volatility.
_Expert Analysis:_ 💡
"Gold's record high reflects global uncertainty."
"Central banks' policies fuel gold's rally."
_Gold Price Predictions:_ 🔮
- $2,800/ounce (short-term)
- $3,000/ounce (year-end)
_Gold Market Statistics:_ 📈
- Year-to-date gain: 30%+
- Global gold demand: 20% increase (2024)
- Central banks' gold reserves: 10% increase (2024)
_Conclusion:_ 🤔
Gold's historic price surge underscores investor caution. As global tensions and economic uncertainty persist, gold's safe-haven status will continue to drive demand.
#GOLD_UPDATE #RecordHigh #SafeHaven #CentralBanks #FederalReserve #ratecuts #MarketVolatility #Investment #PreciousMetals
_Disclaimer:_ ⚠️
Investing in gold carries risks. Research and understand the implications.
Pick Catizen, Trade and Earn a vote!
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🚀 **Robinhood Crypto Expands in EU with Solana Transfers!** 🚀
- Robinhood Crypto now supports Solana (SOL) transfers for EU users, announced on Oct. 21.
- Users can transfer SOL and earn a 1% deposit bonus until Nov. 30, 2024.
- This follows recent crypto transfer rollouts, including BTC, ETH, and USDC.
- Over 20 cryptocurrencies available for deposit and withdrawal.
- Staking SOL directly in-app offers a 5.23% annual yield.
- Robinhood Crypto EU launched in Dec. 2023, seeing a surge in trading volume.
- Most users are in Poland, Italy, and Lithuania.
💬 What do you think about Robinhood's expansion? Share your thoughts below!
🚀 Big news in the crypto world! Russia teams up with BitRiver to build crypto mining data centers across BRICS nations (Brazil, China, South Africa, India, and Russia). This ambitious project aims to leverage Russia's computing power to boost crypto and AI infrastructure globally. 🌐
The Russian Direct Investment Fund (RDIF) will oversee the initiative, aiming to make Russia a powerhouse in data center infrastructure. With 21 data centers already in operation and plans for 10 more, BitRiver is set to expand its footprint. Exciting times ahead for the crypto and AI sectors! #Crypto #Blockchain
🚀 Ready to dive into the future of crypto? 🌐
Ethereum, BNB, Avalanche, BlockDAG, and Monero are the top picks for forward-thinking investors! These coins are set to revolutionize DeFi and the broader market. From Ethereum's smart contracts to Monero's privacy features, each offers unique benefits.
Curious about how these coins can shape your portfolio? Let's discuss in the comments! 💬👇
#Crypto #DeFi #BTC #ETH #Altcoins #MarketAnalysis
🚀 **PumpFun: The Meme Market’s DeFi Playground!** 🚀
Ever thought memes could make you money? Enter PumpFun, a DeFi platform turning meme culture into a gamified financial adventure! Users bet on which memecoins (like Dogecoin or Shiba Inu) will soar, adding a fun twist to crypto trading.
How does it work? Simple! Stake your crypto, predict a memecoin's rise or fall, and if you're right, profit from the staked pool. It's meme magic meets market speculation!
The crypto community is buzzing! Some love the thrill, while others worry about market volatility. What do you think? Share your thoughts in the comments! 🌟
#Crypto #DeFi #PumpFun
🚀 Russia and BitRiver are teaming up to build crypto mining data centers in BRICS nations! 🌍
1/ Russia's biggest crypto mining company, BitRiver, is expanding its horizons into Brazil, China, South Africa, India, and Russia. The goal? To become a global powerhouse in data center infrastructure and AI.
2/ The Russian Direct Investment Fund (RDIF) is backing this ambitious project, aiming to leverage the country's rich computing power and energy resources.
3/ With 21 data centers already in Russia and plans for 10 more, BitRiver's CEO Igor Runets is excited about the expansion into energy-rich BRICS nations.
4/ This move could help Russia bypass sanctions and boost its economy. The BRICS Business Forum in Moscow highlighted the potential $370 billion annual GDP boost from high-tech industries like crypto and AI.
What do you think? Will this shift the global power balance? Drop your thoughts below! 👇
B² Network announces the closure of a funding round
#B²Network completes a funding round co-led by The Spartan Group, Animoca Brands, Alliance, and P2 Ventures, with participation from Cypher Capital, Candaq Ventures, Future Money Group, Skyland Ventures, TPC, and Maxx Capital. Raised funds will be used to optimize B² Network’s performance, enrich the ecosystem, explore more BTCFi opportunities and expand its presence in the global market.
B² Network is a #Bitcoin #Layer2 solution that incorporates zk proof verification and off-chain functionality to accelerate transaction speed without compromising on safety by leveraging the DA Layer and Rollup Layer.
👉 bsquared.network/b%C2%B2-network-closed-a-round-of-fundraising-led-by-spartan-group-animoca-brands-alliance-and-p2-552add912279
Blockchain firm Peersyst Technology has launched an XRP Ledger (XRPL) Snap, which will allow over 30 million Metamask users access to the blockchain.
The software firm announced on Monday that Metamask users can now access the XRPL network and harness its properties through the self-custody wallet. Peersyst noted that the latest addition offers users the same functionality available on the XRPL mainnet and testnet.
For context, a Snap application allows non-Ethereum Virtual Machines (EVMs) access to integrate with the Metamask wallet. Notably, Metamask is a cold wallet that interacts only with the Ethereum network by default. However, certain blockchains could bridge users to other chains such as Ethereum with innovations like Snap, as Peersyst’s XRPL Snap intends to achieve. This latest feature provides easy accessibility to the XRPL network, further expanding the ecosystem’s adoption.
#XRPL #Crypto #CryptoNewsDaddy #CryptoNews🚀🔥" #CryptoNewsUSA
🎉 We're excited to announce the speakers at the Web3 Marketers Summit during Devcon 7 in Bangkok
Meet @KseniiaBaziian - Marketing Advisor at @orca_so, one of the largest DEX apps on @solana
Kseniia has been actively involved in Web3 since 2020. During this time, she led the marketing of prominent projects like Ankr, Premia, and Polkadex. Today, she helps Web3 teams with their strategy and growth initiatives and mentors at accelerators like @OVioHQ and @superteam
Catch Kseniia at the 'KOLs: Authenticity over hype' panel, where she'll shed light on the controversial topic of KOLs 👀
RSVP in the tweet below ↓
For $OG /USDT on the 15-minute time frame, the price is currently at 7.755 USDT, showing a significant increase of 13.38%.
The resistance level is at 8.630 USDT, while the support lies around 7.266 USDT. For an entry point, a potential trade could be considered near 7.75 USDT if the price stabilizes or shows signs of upward momentum.
The first target for profit (TP1) would be 8.00 USDT, the second target (TP2) at 8.30 USDT, and the third target (TP3) at 8.60 USDT.
It’s important to set a stop loss (SL) slightly below the support level, around 7.20 USDT, to manage risk in case of a sudden drop in price.
#Therapydogcoin #UptoberBTC70K? #SCRSpotTradingOnBinance #APESurge #BinanceLabsInvestsLombard
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