$BTC Trying to Break Through $67,000! 💥
#Bitcoin is on the move! 📈 It's currently trading above $67,000, up 1.52% today.
But there's a roadblock. 😅 There are huge sell orders waiting at $67,800-$67,900. 🪅🥅 If #BTC can break through this level, we could see a bigger move up.
Let's see if Bitcoin can do it! 🤞DYOR!
🚨🚨ETF Expert Bullish on Ethereum – Washington’s Crypto Stance Misunderstood🚨🚨
A leading ETF expert has voiced strong optimism about Ethereum’s future and dismissed concerns over Washington’s regulatory stance toward crypto, calling it “misunderstood.” According to Matt Hougan, a prominent figure in the ETF industry, recent developments suggest that Ethereum is poised to benefit significantly, despite the perceived regulatory hurdles.
💡 Why Ethereum ETFs Could Drive Massive Growth
Ethereum’s momentum is accelerating, thanks to the growing interest in spot ETFs focused on ETH. Hougan argues that these ETFs can unlock new investment channels, making it easier for institutions and retail investors to access Ethereum without needing to hold it directly. This accessibility could boost Ethereum’s adoption, particularly in financial markets, and support long-term growth.
Washington’s approach toward crypto regulation, while viewed as hostile by some, is described as more ambiguous than antagonistic. Hougan suggests that while the SEC has been cautious, it is not entirely opposed to digital assets. This leaves room for progressive regulation that could benefit projects like Ethereum in the near future.
🔍 Key Takeaways for Traders and Investors
The expert’s outlook points to Ethereum ETFs as a game-changer, potentially driving significant price gains. As regulatory clarity improves, Ethereum could solidify its position as a market leader. Hougan also highlights that investors shouldn’t mistake caution for hostility, indicating that Washington’s stance might shift towards a more favorable regulatory environment.
This nuanced view offers hope that, with growing institutional interest and product offerings, Ethereum’s price trajectory could see new highs—a critical insight for traders eyeing short- and long-term opportunities.
#TrumpDeFi #MemeCoinTrending #GrayscaleConsiders35Cryptos #USStockEarningsSeason #BTCUptober
6.9 Trillion PEPE Tokens Burned: What It Means for Your Portfolio
The crypto community is buzzing with news that 6.9 trillion PEPE tokens—valued at approximately $5.5 million—have been permanently removed from circulation. Token burns like these often spark excitement, as they can create new opportunities for investors. Here’s a closer look at how this event could impact PEPE’s future and what it means for those holding or eyeing the token.
How Token Burns Impact Value
Token burns reduce a cryptocurrency's circulating supply by permanently removing a portion of it, creating scarcity. The basic principle is that when supply shrinks, the asset becomes more valuable—assuming demand remains steady or increases. With PEPE slashing 6.9 trillion tokens from circulation, the stage could be set for potential price gains, depending on market demand.
Will PEPE's Price Surge?
While a token burn can pave the way for upward price movement, it’s not a guarantee. For significant growth to occur, demand for PEPE must rise, and the broader crypto market needs to remain favorable. So far, sentiment looks optimistic—PEPE’s price has already increased by 4.2%, reaching $0.0105742. If momentum continues, the token could see further gains in the coming weeks.
Long-Term Outlook: Can PEPE Maintain Value?
The long-term success of this burn strategy will depend on several factors, including market sentiment and global economic trends. While burns can create value, crypto prices are inherently volatile. PEPE holders should stay informed and adaptable, monitoring market signals to determine the best time to hold or sell.
Other Tokens Making Moves
PEPE isn’t the only one in the spotlight. Keep an eye on these trending projects, which could also offer lucrative opportunities:
MATIC – Expanding influence in the Layer-2 space.
BNB – Powering Binance’s ever-growing ecosystem.
DOT – Positioned for a potential resurgence in the Polkadot ecosystem.
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#10MTradersLeague #BNSOL #GrayscaleConsiders35Cryptos #BTCBreaks66K
Forecast: XRP Price Rise as Institutional Investors Bet Big Despite SEC Lawsuit
XRP has risen 1% in 24 hours to $0.5444 as the cryptocurrency market rises today.
After a rough week, the market recovered yesterday, with XRP up 3.5% in the previous week but down 7% in the last 30 days.
In the previous week, cryptocurrency funds acquired $1.1 million in XRP, according to CoinShares' latest Digital Asset Fund Flows report.
This is a 266% gain over the previous week and the largest level in over a month, signaling bigger investors are taking advantage of XRP's discount.
Yesterday, CoinShares' James Butterfill remarked that a recent polling move toward the Republicans may have boosted cryptocurrency interest.
This has impacted the market, but XRP's position is more susceptible to the present administration due to Ripple's legal difficulties, resulting in a significant change in net accumulation this week.
It's intriguing that XRP had net inflows while institutions sold $10 million in Ethereum.
The most popular crypto this week is XRP (behind Bitcoin), suggesting whales are taking advantage of its undervalued position.
It may also change views of Ripple's relationship with the SEC, which challenged a major aspect of Judge Analisa Torres' July 2023 judgment two weeks ago.
This appeal hurt the XRP price, but legal experts are optimistic and Ripple cross-appealed last week, so the atmosphere has changed.
Today, XRP's chart shows the alt falling slightly in the last hour following a solid 24 hours.
The fact that XRP's 30-period moving average (orange) crossed above the 200-period average (blue) yesterday suggests a few days of good increases.
XRP's volume rises to $1.2 billion, indicating considerable demand.
Next month, XRP might hit $0.6 before completing the year at $0.8.
#XRP #Ripple $XRP
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As mentioned last week, we're excited to bring the community closer as we continue building the future of on-chain credit and RWA.
Join us this Thursday, October 17th, at 4 PM UTC for the TrueFi Townhall, where we'll dive deeper into recent updates, discuss the outcomes of recent governance proposals, and reveal our much-anticipated product roadmap.
RSVP here:
🚀 Big news in the crypto world! U.S. Republican presidential candidate Donald Trump took to X to promote World Liberty Financial's new $WLFI tokens. Despite the hype, initial sales fell short, with only $9 million sold, just 3% of the target.
Trump's post came hours after the token sale went live, but the website faced numerous outages, impacting purchase volumes. Over 540 million tokens were already bought before his endorsement.
Will $WLFI bounce back? Share your thoughts below! 💬 #CryptoNews #DeFi #Blockchain
📣💰El precio de Shiba Inu muestra una bandera alcista histórica, esto es lo que sucedió la última vez🚀
📚El análisis técnico sugiere que Shiba Inu se encuentra actualmente en una coyuntura crítica de precios, una que podría llevar a una ruptura masiva del 400% al alza.
Según un analista de la plataforma TradingView, la acción del precio actual de Shiba Inu apunta hacia una ruptura completa de una formación de bandera alcista.
Si esta interesante proyección se materializara como se anticipa, pondría a la criptomoneda inspirada en memes en un camino constante hacia un regreso hacia su máximo histórico actual.
🔸 El precio de Shiba Inu espera superar la bandera alcistaEn la plataforma TradingView, el analista (without_worries) reveló una conclusión interesante después de un análisis de la acción del precio de Shiba Inu desde principios de año.
El analista destacó una corrección significativa al examinar el gráfico de precios de velas de 5 días, y señaló que Shiba Inu ha retrocedido aproximadamente un 75% desde su máximo anual de $0,00003595.
Esta corrección ha estado marcada por una secuencia de máximos y mínimos más bajos, dando lugar a la creación de un patrón de bandera alcista.El analista señaló varias razones por las que ir en largo con Shiba Inu ahora presenta una oportunidad favorable.
El factor más crítico es la ruptura por encima del patrón de bandera alcista, que a menudo indica la continuación de una tendencia alcista después de un período de consolidación.
Además, el índice de fuerza relativa (RSI) también ha proporcionado una señal alcista. Por primera vez desde abril, el RSI ha superado una línea de tendencia descendente y ahora tiene una tendencia alcista significativa.
El RSI se encuentra actualmente en 54,7 en el gráfico de 5 días, lo que transmite la tendencia de entrada entre los inversores.
Realiza DYOR ☝️💡
#MarketDownturn #SHIB🔥🔥 #SHIB/𝗨𝗦𝗗𝗧 #SHIBA_INU $SHIB
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🚨🚨🚨 Breaking News! Bitcoin Soars Past $67K Amid US Market Surge! 🚀💥
🔸 Bitcoin Hits New High: The world’s leading cryptocurrency surged past $67,000 as the US markets opened, marking its highest price since August! 📈🔥 This 3% jump within just 30 minutes followed a significant $809 million inflow into Bitcoin exchange-traded funds (ETFs) over the last two days! 💸📊
🔸 Trump-Backed World Liberty Finance (WLFI): 🌐💰 Alongside Bitcoin's rise, the Trump-supported decentralized finance project, World Liberty Finance (WLFI), launched its token presale, raising a whopping $5 million within the first hour—an impressive 1.6% of its goal! 🎯💹 Despite minor technical issues causing the WLFI website to experience downtime, interest in the project remains strong! 🛠️⏱️
🔸 WLFI’s Ambitious Plans: 📈💼 World Liberty Finance aims to raise a total of $300 million through its token presale, targeting a $1.5 billion valuation! This launch comes at a crucial time as former President Donald Trump, a key supporter of the project, gears up for the 2024 US presidential election. 🗳️🇺🇸
🔸 Trump's Influence on the Crypto Market: 🗣️💬 Market analysts believe that Trump's involvement could be a game-changer for the crypto sector, especially with prediction markets currently favoring his candidacy over Democratic opponent Kamala Harris, who has a more cautious stance on digital assets. 📊🗳️
🔔 Stay Tuned for More Updates! Follow us for the latest on Bitcoin's price movements, WLFI's progress, and all things crypto! 🚀🔍
#BTCSurges67K #10MTradersLeague #TrumpDeFi #MemeCoinTrending #BTCUptober
Shiba Inu: 55% of Investors Plan to Quit Jobs if SHIB Hits $0.01
With 1.4 million investors aiming for financial freedom, many hope Shiba Inu's price will reach $0.01, allowing them to resign from their jobs.
In a poll by Watcher Guru, 55% of SHIB investors said they’d quit work if the token hit this milestone, while 30% plan to keep working. 2% are already retired, and 13% doubt SHIB will reach $0.01.
Investors view SHIB as their best shot at wealth due to its 85,000,000% spike in 2020-2021, unlike pricier assets like Bitcoin or Ethereum, or the stock market.
#shiba⚡ #SHIBAUSDT #Shibainuholder #SHIBAInsights #SHIBAnalysis
With only three weeks until the U.S. presidential election, Bitcoin is on track to match its previous all-time high price of nearly $73,800, British multinational bank Standard Chartered said, driven by several key factors.
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In a note shared with Decrypt, Standard Chartered stated that the recent rise in Bitcoin's price is fueled by strong inflows into Bitcoin ETFs, renewed buying of topside BTC call options, and increasing Donald Trump election odds on prediction markets such as Polymarket and Kalshi.
"Net inflows to Bitcoin ETFs have now crossed $19 billion USD, equivalent to 315,000 $BTC , as institutional interest continues to pick up," the report states.
Over the past week, an additional 1,500 BTC has been added to the open interest of the $80,000 call option set to expire on December 27, reflecting heightened bullish sentiment among trader
Source: Decrypt
#BTC