📣 Elon Musk : Excessive government spending is causing infl | TopCryptoNews on Binance Square

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📣 Elon Musk : Excessive government spending is causing inflation and leading the US to bankruptcy🕑
#ElonMusk #ElonMuskUpdates 

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🇺🇸 Bitcoin rockets past $75K following Trump’s victory! His pro-Bitcoin stance, pledge for a national Bitcoin reserve, and promise to review Ross’s case have fueled optimism across the industry. Green Energy Stocks Fall, Fossil Energy Stocks Rise After Trump Victory. 🇺🇸 #BTC #Bitcoin #Trump

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📊 Arbitrum’s Upcoming $48.5M Token Unlock Sparks Price Volatility Concerns Arbitrum is approaching another major token unlock, scheduled for November 16th, 2024. Token Unlock data shows that 92.65 million ARB tokens, worth roughly $48.5 million, will be released, primarily to the Arbitrum team, advisors, and investors. This event has sparked considerable interest due to the price volatility seen after previous unlocks. Earlier this year, #Arbitrum unlocked 1.1 billion tokens worth about $2.32 billion, which triggered a significant price drop from $2.10 to $0.52. As the next unlock nears, investors are closely watching price trends, support and resistance levels, and technical indicators to anticipate potential market reactions. 🔸 Current Price Movements and Key Support Levels As at press time, ARB is trading at $0.5179, reflecting a daily gain of 7.57%. The token has rebounded from a recent low of around $0.481, reaching a high near $0.53 before a minor pullback. This suggests an overall bullish sentiment, but challenges remain. In terms of support, the first key level is $0.49, where the price has recently bounced multiple times. Another important support is $0.48, which has acted as a stronger floor, stabilizing the token before its recent upward move. If the price revisits these levels, they could provide support, especially with the added selling pressure from the unlock. 🔸 Resistance Levels to Watch ARB is now testing resistance at $0.52. Breaking above this level could confirm a continued upward trend. This level has previously acted as a ceiling, so it’s an important threshold to watch. Above $0.52, the $0.53 level represents another key resistance zone, marking the recent peak. A decisive break above this price could signal further upside potential, potentially mitigating some of the selling pressure from the unlock. 🔸 Technical Indicators Point to Possible Market Trends The 4-hour RSI for ARB is currently at 59.52, indicating a neutral stance. It’s approaching overbought territory but not quite there yet. #ARB

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📣 Breaking: Donald Trump Wins, These Pro Crypto Candidates Won In This US Election As Donald Trump seizes victory, a large number of pro-crypto candidates came victorious in the House and Senate amid crypto donations. As Donald Trump seizes victory, a large number of pro-crypto candidates came victorious in the House and Senate amid crypto donations. Donald Trump has finally won the US Presidential Election 2024 beating Kamala Harris by a strong vote margin in both the House and Senate. Crypto voters have played a decisive role in this Presidential race for the US Election 2024 with several pro crypto candidates leading as per the current trends. The crypto donations that came pouring in over the past few months through Super PACs can really play a crucial role in changing the tide of the US crypto industry. 🔸 Pro Crypto Candidates to Dominate US Congress? As per the data from Stand With Crypto, a total of 226 pro crypto candidates have been elected to the House of Representatives against 107 anti-crypto candidates. On the other hand, there are 14 pro crypto candidates in the Senate while 9 anti crypto lawmakers in the Senate. This development also sent the Bitcoin price to an all-time high with the entire crypto market cheering. As per the Fox News Decision Desk, Republican businessman Bernie Moreno is winning over incumbent Democratic Senator Sherrod Brown in Ohio. This marks a pro-crypto victory while bringing the GOP closer to a Senate majority, reported journalist Eleanor Terret. Moreno, an outspoken advocate for cryptocurrency, received significant backing from the crypto industry this US election. The pro-crypto super PAC, Defend American Jobs, contributed $40.1 million to his campaign. Speaking on this development, the Super PAC noted: “Elizabeth Warren ally Sherrod Brown was a top opponent of cryptocurrency and thanks to our efforts, he will be leaving the Senate. Senator-Elect Moreno’s come-from-behind win shows that Ohio voters want a leader who prioritizes innovation, protects American economic interests. #Trump #BTC #DonaldTrump

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🤔 Will Tron Hold at $0.1597, or Will a Rising Wedge Trigger a Drop to $0.1463? As the chances of a rising wedge breakdown increase, Tron is approaching a crucial crossroads at $0.1597. Will buyers manage a bullish turnaround, or is a further decline imminent? With the crypto market chaos resulting in massive ups and downs in altcoins, Tron is currently moving downwards. Failing to cross the $0.1686 barrier, the TRX price fall warns of a crash under $0.160. Additionally, the high-risk breakdown of a rising wedge pattern on the daily chart could lead to a nearly 10% decline in Tron. The key question is: will the bulls step in and reverse the trend at the $0.1597 support level? On the 4-hour chart, Tron’s price action shows a failed attempt to break above the $0.1686 resistance. This failure has resulted in an evening star pattern and six consecutive bearish candles. The bearish price movement has caused a 4.29% drop from the $0.1693 level to the current market price of $0.1620. The downward trend is approaching a short-term support trendline near the 23.60% Fibonacci retracement level at $0.1597. On a larger scale, the prevailing uptrend in TRX’s price action reveals a rising wedge pattern. Within this wedge, the recent reversal has formed a double top and established a neckline at the $0.1463 level. The increasing bearish pressure has caused a negative crossover between the MACD and its signal line on the 4-hour chart. Additionally, the MACD histograms are showing a surge of negative momentum, and the RSI has fallen below the 50% mark. These technical indicators suggest a growing influx of selling pressure. 🔸 Will Tron Sustain Above $0.1597? Using the trend-based Fibonacci retracement, a potential reversal from the 23.60% level ($0.1597) must surpass the 38.20% Fibonacci level of $0.1686 for an uptrend continuation. While the upside chances are low, the broader market recovery could propel the Tron prices higher. #Tron #TRX

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🤔 Bitcoin History Repeats Itself During the US presidential elections in 2012, 2016, and 2020, Bitcoin always recorded growth between 478% and 11,000%. 🔼 In fact, the elections coincide with the 4-year halving cycles, which has a positive effect on it. #BTC #Bitcoin

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