Liquidity is on the rise, and with the most critical week of the year approaching, all eyes are on the U.S. elections.
🇺🇸 Many in crypto are hopeful for a Trump win, which could bring ETF approvals and regulatory shake-ups. But let’s not overlook a scenario where Democrats stay in power—crypto could still thrive under smart regulations.
The markets thrive on tension. With liquidity metrics climbing fast, a decoupling might be underway. It's time to position ourselves and seize opportunities as they unfold!
U.S. Elections and the Crypto Market: What’s Ahead for DOGE and Beyond?
The 2024 U.S. Presidential Election is almost here, and crypto enthusiasts are keeping a close eye on what it could mean for the market! Traditionally, elections bring big swings in financial markets—and this year, crypto might be front and center. 👀 Key Factors to Watch: 1. Regulation Shake-ups: Both candidates have varying stances on crypto regulation, which could impact exchanges, tax policies, and DeFi. 2. Market Volatility: Investors often brace for volatility during elections. With crypto
Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off
The price of bitcoin may surge ahead of the U.S. elections on November 5, but analysts caution that a sell-off could occur in the days following the election results, regardless of the winner. "Profit-taking could weigh on the price of bitcoin in the days following the result announcement, yet dip buyers should maintain support strong below $60,000," Tyr Capital Chief Investment Officer Edouard Hindi told The Block.
The length of time it takes to mine 1 Bitcoin can vary due to the network’s built-in difficulty settings. Each block mined releases 3.125 BTC, and it takes about 10 minutes to mine a block. But here's the catch – you're probably not getting that full amount!
Think of it like a treasure hunt where thousands of pirates are digging at once. The one with the most shovels (computing power) has the best chance of finding the treasure first. Modern miners aren't solo adventurers – they're more like mining corporations!
Your mining success depends heavily on your hardware. Some miners run hundreds of machines to increase their hashrate.
This is why most miners join mining pools. Instead of hoping to strike gold alone, they team up and share rewards based on their contribution.
#LTC Litecoin had a very active week last week, with 512.8 million LTC moving on-chain. That's $36.6 billion in one week! A weekly high since May 2023 and averaging well over $5 billion every day!
#BTC C.Q.: The Bitcoin Average Profitability Index is currently at 202%, which essentially means the price is 2x the realized price. When the index rises above 300%, investors are likely to start taking profits actively.
#ETH There are now over 5 million active ETH-addresses across the Ethereum mainnet and leading L2 networks, outpacing any other Layer 1 asset by a significant margin.