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Bitcoin has followed a consistent pattern around U.S. elections—dipping briefly before rallying strong post-election. With 2024 elections looming, will history repeat? Historical trends, growing institutional support via Bitcoin ETFs, and strong holder confidence suggest BTC could see another rebound. Investors should watch key levels like Fibonacci 0.786 for potential breakout. Could tomorrow's dip be a buying opportunity for long-term gains?
Pakistan's federal government is set to amend the SBP Act, allowing dual nationals to hold key roles in the central bank and legalizing digital currencies like Bitcoin! 💰
The proposed changes will empower the SBP to issue digital currency and establish a subsidiary for advanced digital payment systems. This marks a shift from a historically cautious approach, aiming to foster innovation and economic growth.
If approved, these amendments could revolutionize Pakistan's financial landscape and open new opportunities.
Exciting news for crypto users! Decaf is now enabling seamless off-ramping of $USDC to Euro directly into your European bank account. Since 2022, Decaf has been a game-changer in Latin America and Africa, and now it’s expanding to Europe!
No fees, quick setup, and you can even send money to someone else's bank account without them needing a Decaf Wallet. Just download the mobile wallet, complete KYC, and you’re good to go!
Experience the convenience of converting crypto to fiat without the hassle.
Learn more about how Decaf simplifies your crypto transactions!
PEPE Price Update 🚨 PEPE struggles to hold above the critical support level of $0.00001000, facing intense selling pressure and a bearish MACD trend. Currently trading at $0.00000818, the MVRV ratio has dipped into the "opportunity zone," suggesting potential accumulation. If buyers respond, reclaiming $0.00000839 could signal a bullish reversal. However, a drop below $0.00000800 may indicate further losses ahead. The next few trading sessions are crucial for PEPE's recovery. Stay tuned and monitor market indicators closely!
As the 2024 U.S. elections draw near, digital assets are taking center stage! Industry advocates are pushing candidates for pro-crypto policies amidst a backdrop of regulatory uncertainty. Key legislation to watch includes the FIT21, aimed at a comprehensive regulatory framework, and the CBDC Anti-Surveillance State Act, which seeks to protect privacy by preventing a consumer-facing CBDC. Other important bills include the Clarity for Payment Stablecoins Act and the Digital Asset Anti-Money Laundering Act. Understanding these initiatives is crucial as they could significantly shape the future of crypto in the U.S.
Dogwifhat (WIF) has seen a 22.43% gain over the last three months, but recent trends show a 5.53% decline this week, indicating market uncertainty. The Ichimoku Cloud analysis reveals indecision, with price hovering near the cloud.
The ADX suggests the downtrend lacks strength, but the EMA lines are nearing a bearish “death cross,” signaling potential selling pressure. If bearish momentum continues, watch for support levels at $2.19 and $1.96—a possible 14% correction.
Dogecoin is making waves! After a 72% rally to $0.176, it's leading the market in inflows, even surpassing Bitcoin.
Crypto analyst Tony Severino notes that the Bollinger Bands on the #DOGE/BTC chart are tighter than ever, signaling potential volatility. Historically, such a squeeze often precedes substantial price movements.
With Dogecoin breaking out of a 3-year channel, could we be on the cusp of another major rally?
On November 1, the Bitcoin Spot ETF saw net outflows of $54.9 million, the first drop after a week of inflows. This shift raises questions about market sentiment, with analysts suggesting profit-taking may be in play.
Investors remain cautious as macroeconomic factors and regulatory uncertainties loom. Ethereum's Spot ETF also faced outflows, totaling $10.92 million, signaling a potential retreat from crypto ETFs.
The crypto market experienced a downturn following the release of a disappointing U.S. payrolls report. Bitcoin declined by 1.5%, Ethereum by 1%, and Solana by 2%. Polkadot remained relatively stable. The overall crypto market cap contracted by 2.4%, indicating a bearish sentiment among investors.
SingularityDAO token holders have overwhelmingly approved a merger with Cogito Finance and SelfKey to create Singularity Finance, an EVM layer 2 platform aimed at tokenizing the AI economy. With 94.7% support from over 15 million SDAO tokens, this new venture will enhance DeFi and AI innovation.
Co-Founder Mario Casiraghi expressed gratitude to the community, emphasizing the importance of their participation. Next steps include a vote from SelfKey’s KEY token holders, as the new platform aims to develop solutions in RWA tokenization and on-chain identity management.
Tether reports a record $2.5 billion profit for Q3 2024, bringing its yearly total to $7.7 billion! This surge reflects the growing demand for stablecoins as USDT circulation hits an all-time high of nearly $120 billion—a 30% increase in 2024 alone. With reserves exceeding $105 billion, Tether is strategically positioned for future growth. CEO Paolo Ardoino emphasizes the importance of maintaining a substantial reserve buffer while exploring new lending opportunities in developing markets. As the stablecoin market evolves, Tether continues to lead the way!
Exciting news from the TON Foundation! They've launched Society DAO, a new governance model that empowers the community to participate in decision-making, resource allocation, and project management. This initiative aims to enhance decentralization within the TON ecosystem, moving away from a centralized model.
With objectives like positioning TON as a gateway for real-world crypto use cases and growing the developer community, Society DAO is set to drive innovation and transparency. In January 2025, they’ll reveal key initiatives and invite community feedback to shape future goals.
Incredible Evening with Trust Wallet : Where Innovation Meets Community!
Last night was more than just a dinner - it was a masterclass in community engagement and customer-centric innovation.
What made this event extraordinary?
-The CEO Eowyn C. personally greeting every single table - Dedicated Trust Wallet team members collecting real-time community feedback -Interactive 30-question challenge connecting attendees- Kudos to the Winner Vaibhavv Ali for winning this Challenge. -Absolutely phenomenal cuisine that was as impressive as the conversation
The level of commitment Trust Wallet shows to truly understanding their users is something special. It's not just about building a product; it's about building relationships.
Kudos to the entire Trust Wallet team for creating an evening that wasn't just an event, but an experience. This is how you turn users into a community and customers into advocates!
Toncoin (TON) has seen a 17% price drop recently, dipping below $5. However, signs of recovery may be on the horizon!
Recent data shows a 142% increase in Coins Holding Time, indicating that short-term holders are confident in a rebound. Additionally, the Large Holder Netflow to Exchange Ratio has declined, suggesting that whales are choosing to hold rather than sell.
If this positive sentiment continues, Toncoin could stabilize and recover from its recent losses. Investors may want to keep an eye on these trends for potential opportunities!
The US presidential election is just around the corner, with odds favoring Trump over Harris. Polls show Trump’s winning probabilities ranging from 52.9% to 66.1%, with key swing states leaning his way. As a result, Trump Media Group shares have surged 141%, and Trump-themed meme coins like MAGA are up 29.32%.
However, the broader crypto market is struggling, with only Bitcoin, USDC, DOGE, and TRON showing gains. Ethereum has faced volatility, dropping nearly 10% after peaking at $2,746.
As markets react to political shifts, traders should stay cautious amidst speculation. The intersection of politics and crypto will be critical in the coming weeks!
Vitalik Buterin defends Ethereum amidst criticism about scalability, energy consumption, and high fees. He urges detractors to “show some respect” for the complexities of transitioning to Ethereum 2.0. While challenges remain, Ethereum has revolutionized blockchain with smart contracts, paving the way for DeFi and NFTs.
The ongoing efforts toward PoS and sharding aim to enhance scalability and reduce costs. Let’s recognize the significant strides made and the innovative spirit driving the community forward!
Tether Reveals $9.45B in Bitcoin and Gold Reserves!
Tether CEO, Paolo Ardoino, has announced that the company holds a substantial amount of Bitcoin and gold as part of its reserves. This move aims to bolster transparency and reassure investors about the stability of the largest stablecoin.