Galaxy CEO Mike Novogratz: US Bitcoin Reserve Unlikely to Pass
✨ Galaxy CEO Mike Novogratz believes Senate support for a US Bitcoin Reserve law is insufficient, despite potential benefits.
✨ If passed, Novogratz forecasts Bitcoin’s price could hit $500,000, but obstacles remain substantial.
✨ Polymarket rates chances of a Bitcoin Reserve passing as low, albeit only assessing Trump's early term.
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Sam Altman’s Optimism on Worldcoin and the Future of Cryptocurrency
Tech leader Sam Altman recently shared insights underscoring his strong belief in cryptocurrency’s future. Here’s a brief overview of his perspectives and potential implications for crypto investors and enthusiasts.
Key Takeaways from Altman’s Perspective:
1. Progress on Worldcoin: Altman praised the development of “World” (formerly Worldcoin), highlighting Alex Blania's leadership in driving the project’s focus on digital identity and universal access. Worldcoin’s mission to enhance global accessibility to cryptocurrency marks an essential step toward wider adoption.
2. Vision with Execution: Altman emphasized the importance of not only visionary ideas but also effective execution. His acknowledgment of Worldcoin’s blend of innovation and practical application suggests that projects balancing these aspects could become industry benchmarks.
3. Positive Crypto Outlook: Altman’s view of a “bright future for cryptocurrency” brings added credibility to the sector from a significant tech influencer, reinforcing crypto’s role as a rapidly evolving technological and financial arena with substantial growth potential.
Implications for Investors and Enthusiasts:
Institutional Interest: Altman’s endorsement may drive increased institutional involvement in crypto, encouraging broader adoption and integration within mainstream finance.
Opportunities in Digital Identity: Projects addressing identity and access challenges, such as Worldcoin, may attract greater interest as they aim to overcome key barriers to crypto adoption.
Long-Term Growth Potential: Altman’s optimism points to sustained growth in the crypto market, with emerging use cases and investment opportunities beyond current standards.
What’s your view on Altman’s vision for crypto’s future? Share your insights with us!
#BBCeDeFi #cryptomarketcapATH
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Technical Analysis Update: $OAX /USDT 🚀
The price of $OAX /USDT has surged by 21.52% in the last 24 hours, reaching a high of $0.1897. The trading data shows a strong uptrend, with the 24-hour volume for OAX at 68.28M and for USDT at 11.84M.
The Bollinger Bands indicate a bullish trend, with the upper band at 0.2053 and the lower band at 0.1883. The current price is hovering around the middle band at 0.1643, suggesting further upside potential.
🔔 Trading Signal: Based on the technical analysis, OAX/USDT seems to be on a strong bullish momentum. Traders may consider entering a long position with a target price above 0.2053. Remember to set stop-loss orders to manage the risk.
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Bitcoin Deep-Dive
To analyze Bitcoin's crucial level right now we have to go down to lower timeframes, such as the 4H or 1H chart.
However, before discussing the data just a quick reminder that overall nothing has changed. The high-level outlook is massively bullish. So, everything mentioned below happens on lower timeframes!
When checking the lower timeframes, we see Bitcoin in a ascending broadening wedge with high-volume spikes followed by pullbacks. This hints an increased selling pressure near resistance levels (in BTC's case new ATHs).
This pattern typically signals a potential reversal or slowdown in the uptrend, particularly if it forms after a prolonged upward movement. Moreover, the volume pattern supports the pattern perfectly since broadening wedges often feature volume spikes, as volatility increases with each oscillation.
If Bitcoin fails to hold above the lower boundary, this could signal a breakdown from the pattern, increasing the likelihood of a pullback.
On the other side, the current market can easily surprise us. Accordingly, a breakout above the upper boundary would suggest strong bullish momentum, but given the broadening structure, this would require significant volume and strength.
Conclusion
The ascending broadening wedge pattern implies caution. While Bitcoin remains in an uptrend, the expanding structure and increased volatility signal that the uptrend may not be as stable. Therefore, you should keep a close eye on the lower boundary for potential breakdowns.
John Thune Becomes Senate Majority Leader, Raising Hopes of CFTC Crypto Jurisdiction
✨ John Thune, new Senate Majority Leader, has backed CFTC crypto regulation, favoring friendlier compliance than SEC oversight.
✨ Thune's leadership may amplify pro-crypto sentiment in Congress, reflecting momentum for looser industry policies.
✨ With Trump’s promise to replace SEC Chair Gensler, Thune may push for CFTC jurisdiction or SEC-CFTC cooperation.
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Solana's on a roll, folks! Over the past week, SOL's price has soared 13%, hitting $218. Traders are buzzing with excitement, dreaming of new all-time highs as Bitcoin also breaks records. 🚀
What's fueling this rally? Solana's onchain metrics are stronger than ever, with DEX volumes hitting $26.1 billion and TVL skyrocketing to $7.9 billion. Even memecoins on Solana are joining the party, posting double-digit gains.
With open interest in SOL futures at an all-time high, it's clear that Solana's got the moves. Keep an eye on this one—it's not just a flash in the pan!
🚀 Solana's on a roll! Over the past week, SOL's price soared 13%, hitting $218, and traders are buzzing about its potential to reach new heights. This excitement follows Bitcoin's jaw-dropping leap past $90,000.
What's fueling SOL's rocket ride?
- Onchain metrics are strong, with Solana-based DEX volumes hitting $26.1 billion, outpacing Ethereum.
- Total value locked in Solana's smart contracts surged to $7.9 billion, a 460% increase this year.
Even memecoins on Solana are joining the party, with some posting double-digit gains. 📈
What do you think? Is SOL heading for the moon? Share your thoughts in the comments!
Solana (SOL) has seen a notable price surge, climbing 13% over the past week to reach $218 by November 14. This rise follows a broader crypto market rally, with Bitcoin hitting a new high. SOL's price momentum is bolstered by strong onchain metrics, including a significant increase in decentralized exchange (DEX) volumes on Solana, which hit $26.1 billion, surpassing Ethereum. The total value locked in Solana's smart contracts also rose, indicating heightened user engagement. Additionally, open interest in SOL futures reached an all-time high, reflecting growing institutional interest. Meanwhile, Solana-based memecoins are also experiencing gains, further driving network activity.
Solana Price Surges 7% Amid Record DEX Volume
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Solana (SOL) rose 7.02% to $222.02, reflecting a broader market rally.DEX volume set a new record, surpassing $5 billion.
The global crypto market cap has surged to $3.01 trillion, reflecting a 4.04% daily increase.
Total market volume stands at $302.64 billion, up 2.70%. Bitcoin (BTC) recently achieved a new all-time high of $93,434, and Ethereum (ETH) rallied past $3,300.
Additionally, Solana’s decentralized exchange (DEX) trading volume has surpassed $5 billion daily for three consecutive days, a record milestone.
Solana (SOL) is trading at $222.02, up 7.02% in the past 24 hours. Its trading volume has reached $11.05 billion, marking a 3.85% increase, while its market cap is now $104.79 billion with a market cap ratio of 10.53%. This rise comes amid broader crypto market gains.
whale activity indicates increased interest in the Solana ecosystem. A prominent whale recently spent a total of 12,400 SOL ($2.7 million) to acquire two tokens: WIF and BONK. Specifically, the whale purchased 406,000 WIF at $3.87 per token, spending 7,200 SOL (equivalent to $1.57 million).
The whale also bought 29.32 billion BONK tokens at $0.0000387, investing an additional 5,200 SOL ($1.13 million). Such large transactions reflect confidence in the Solana ecosystem and signal potential growth in token demand, especially for projects related to Solana.
Is Solana’s Uptrend Set to Persist?
Solana shows notable resistance at $228, with key support around $215. If SOL can break above the $228 resistance, it could signal a move toward the $240 level, inviting more buying interest.
#SOL #Solana #CryptoNews #MemecoinWars $SOL $BTC $BNB
*POPCATUSDT* 👀👾
With a jump of over 30% in the past day, the Popcat SOL price has achieved a new all-time high. Moreover, the memecoin has soared 2,316% this year, making it one of the best performing Solana-based memecoin of this year.
The Moving Average Convergence Divergence (MACD) shows a significant rise in the green histogram with its averages showing a sharp uptrend. With its 50-day EMA supporting the price trend, the POPCAT price may continue gaining momentum in the coming time.
Maintaining the value above its support trendline of $1.9050, the Popcat (SOL) price may head toward a new high of $2.23 this month. On the flip side, a bearish reversal could pull the price toward its lower support level of $1.270.
The POPCAT/USDT trading pair has shown significant volatility recently, with POPCAT's price reaching as high as $1.99 and as low as $1.41 within the last 24 hours, marking a notable 27% increase in price. This surge in value suggests strong buying interest, potentially influenced by broader memecoin enthusiasm on the Solana blockchain, which has helped push POPCAT's market cap to $1.77 billion, positioning it among the top 100 cryptocurrencies by market cap.
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#PEPEATH #MemecoinWars
Render Token (RNDR) currently exhibits strong bullish potential due to increased market attention, particularly in the AI and GPU processing sectors. With a live price around $1.55 as of November 2023, RNDR is actively capitalizing on the decentralized GPU power market, connecting idle GPU providers with creators who need high-end processing for tasks like 3D rendering and AI model training. Technical analysis reveals RNDR forming a bullish “cup and handle” pattern, often a sign of a positive breakout on the horizon if buying volume remains steady.
Market-wise, RNDR benefits from listings on major exchanges, recently seeing increased trading volumes and attention from institutional investors, which could support its growth trajectory toward resistance levels of $4 or higher. However, if the current bullish trend wanes, RNDR might test lower support levels around $1.1. In the long term, some forecasts suggest RNDR may reach $9-10 if demand in the AI space continues rising and development on the Render Network advances as planned.
These trends make RNDR an asset worth monitoring closely, particularly for investors interested in the intersection of AI, crypto, and decentralized computing resources.
$RENDER
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#cryptomarketcapATH
Bitcoin price has surged 20.6% in the past week and is nearing the $90K mark.
Polymarket bettors are optimistic, with 46% predicting a $100K price this month.
The market's RSI is in the overbought zone, indicating potential volatility.
The Bitcoin market has seen an impressive 20.6% growth over the past week, and it’s now hovering near $90K.
What’s Boosting the Bitcoin Price?
Since the US presidential election, the entire crypto market has been on a steady rise. In just the last 24 hours, the market has grown by 2.9%, with top cryptocurrencies benefiting from the overall positive sentiment. Bitcoin, in particular, has jumped 32.35% since November 5.
*Is It Overbought or Just Starting?*
Currently, Bitcoin’s Relative Strength Index (RSI) stands at 81.40, which signals that the market is in the overbought zone. Despite this, Bitcoin’s price of $89,600 is well above key moving averages—the 50-day SMA of $68,922, the 100-day SMA of $64,324, and the 200-day SMA of $64,305—suggesting strong market momentum.
At the start of the month, Bitcoin’s price was around $70,128. It briefly dropped to a low of $67,951 on November 4. However, since November 5, the market has experienced steady growth, breaking through the crucial $90K level just yesterday
$BTC
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#MidNovemberMarket
💰 @wyden_io raises $16.9M in a Series B funding round led by @trufflecapital. Other investors in the round include @sygnumofficial, @C3VentureCap, @PostFinance and FiveT.
#Wyden is a digital asset trading technology company designed for institutional investors. The Wyden platform streamlines the entire transaction lifecycle, offering seamless integration with custodial services, core banking systems, and portfolio management tools.
👉
Dogecoin Is Pushing Hard
Recently, Dogecoin saw a significant boost, climbing past $0.320 and reaching a peak of $0.4342. However, as is often the case with price surges, resistance set in, and DOGE began to cool off. Despite this, it has managed to stay above $0.3650, hovering around the 100-hour simple moving average—an indicator that can suggest stability in technical analysis.
*Technical Trends and Support Zones*
Technical analysis is also throwing out some helpful signals. A trend line is forming around the $0.3870 level, which aligns well with the 61.8% Fibonacci retracement level from Dogecoin’s recent highs and lows. This area around $0.3870 could be a strong support level, holding Dogecoin steady if it faces more pressure.
*DOGE Whale Activity*
Right now, it’s an interesting time for Dogecoin investors. Data from IntoTheBlock reveals that around 96% of DOGE holders are currently in profit, with only a small 2% at a loss. This data points to a solid base of happy, long-term investors. But some big players, often called whales, are holding short positions slightly above the current DOGE price, showing they’re not convinced about an immediate breakout.
*What’s Next for Dogecoin?*
Dogecoin’s recent rally has caught a lot of eyes, and there’s definitely excitement in the air. But with the resistance levels ahead and whale activity showing some caution, this may not be a clear run. If Dogecoin can stay above its key support zones, we might see it attempt higher prices soon. However, a drop below $0.3420 could bring a short-term pause in the climb.
$DOGE
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#MemecoinWars