In the past 7 days, Bitcoin (BTC) has shown a significant bullish trend, driven by strong market sentiment and positive developments, including increased adoption by financial institutions through products such as spot Bitcoin ETFs. The BTC price is currently hovering around $82,000 to $85,000, with indications of a possible further increase towards the target of $90,000 or even $100,000 by the end of November if the momentum is maintained. Technical Analysis Moving Averages (MA): BTC is above the 50, 100, and 200-day moving averages, indicating continued bullish momentum.
BlackRock Records Largest Inflow of All Year, Surpassing US$1.1 Billion BlackRock, a multinational investment firm, recorded an inflow of more than US$1.1 billion in Bitcoin Spot ETF (IBIT) during yesterday's trading, Thursday (07/11). This figure is the largest inflow of funds. According to Farside data, this is good news after BlackRock experienced an outflow of funds for two consecutive days amounting to US$113.3 million. âI told you all this was going to be big, although I was surprised by the size of it, by far the largest single-day inflow of any Bitcoin ETF ever,â Bloomberg ETF analyst Eric Balchunas wrote in an X post on Thursday (11/07).
252 Pro-Crypto Candidates Elected to US Congress This year's United States Congress has more than 250 pro-crypto members. This news is quite encouraging because this number controls almost half of the total seats in Congress in the US. Reportedly, this industry has managed to pour out donations worth US$732 million to win pro-crypto candidates who are members of this 4-year contest. Former Chairman of the Commodity Futures Trading Commission (CFTC) Chris Giancarlo said that the victory of these candidates could bring changes to crypto regulations in Uncle Sam's country. This is because the United States has recently been quite vocal in opposing crypto under the leadership of President Joe Biden.
Ethereum Foundation Records US$788 Million in Crypto Asset Reserves The Ethereum Foundation (EF) reported crypto asset reserves of US$788 million or equivalent to Rp12 trillion. Most of these reserves, or 99.45% to be exact, are in the form of their own crypto, Ethereum (ETH). In addition to crypto, EF also has non-crypto assets of US$181.5 million by the end of October 2024. To ensure long-term stability, EF plans to sell ETH periodically and accumulate fiat reserves during the up market to weather the down cycle. "This is part of our conservative management policy to ensure sufficient resources, even in declining market conditions for several years," wrote the Ethereum Foundation. EF's largest expenditure last year was allocated to institutions reaching US$47.4 million. Meanwhile, Layer-1 research and development funds increased by US$34.7 million. "This long-term approach is intended to support the continued growth of Ethereum," said EF Executive Director Aya Miyaguchi via her personal X account. However, Ether also showed positive momentum with a surge in active wallets and on-chain transaction volume in October. The price of ETH also increased 15% to US$2,912 in the past week.
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MicroStrategy (MSTR), a business technology company, has spent US$3.9 billion to buy Bitcoin (BTC) this year. Not stopping there, MicroStrategy is expected to spend US$10 billion next year to re-acquire Bitcoin. The budget is larger than purchases since 2020. Basically, the projection is stated in the 21/21 Plan, where the company will raise US$42 billion over the next 3 years to buy 580 thousand Bitcoins or equivalent to 2.7% of the total supply. Furthermore, for the 2026 agenda, MicroStrategy plans to spend US$14 billion. Meanwhile, they will continue to acquire Bitcoin with a larger amount, namely US$18 billion. The strategy implemented by the company led by Michael Saylor is considered capable of attracting the market. Evidently, MSTR shares have shot up to 1,640% in the last 5 years. Will this plan be realized?
XRP CEO Urges Donald Trump to Fire Gensler Over Lack of Transparency, Too Much Regulation
CEO Ripple Ripple CEO Urges Trump to Fire Gensler, Who Will Replace Him? Ripple CEO Brad Garlinghouse welcomed Donald Trump's victory by calling for the ouster of Securities and Exchange Commission (SEC) Chairman Gary Gensler, on Trump's first day in office. According to him, this step is very necessary for a regulatory overhaul that is more in favor of innovation in the crypto sector. Moreover, Gensler's dismissal has long been desired by the global crypto community. Gensler is considered to be less transparent and too strict in law enforcement, in order to improve the SEC's image which is burdensome for crypto companies.
Michigan's Second Largest City Accepts Crypto to Pay Taxes Detroit, the 14th largest and most populous city in the United States, has officially accepted crypto as a means of paying local taxes. The regulation will take effect starting in 2025. âDetroit is building a tech-friendly environment that empowers residents and entrepreneurs. We are thrilled to be one of the first major cities in the U.S. to explore blockchain as a payment option,â said Detroit Mayor Mike Duggan.
The wealth of the world's 10 richest people increased by 1000 trillion after Donald Trump was elected US President
The Bloomberg Billionaires Index reported that there was an increase in wealth of US$64 billion or Rp1,000 trillion that entered the pockets of the world's 10 richest people. This moment occurred after the United States announced Donald Trump's victory in the 2024 presidential election. Elon Musk is the one who benefits the most from Trump's victory. It is known that the richest person in the world increased his wealth by US$26.5 billion to US$290 billion in just one day, Wednesday (06/11). Not only Musk, Amazon Founder Jeff Bezos also earned a fantastic amount of profit, namely US$7.1 billion in just one week. Furthermore, the net worth of Oracle Founder Larry Ellison, who is a Trump supporter, also increased by US$5.5 billion.
Solana Price Breaks Through $200 Again After 7 Months Solana (SOL), the worldâs fourth-largest crypto by market capitalization, hit the psychological price of $200 for the first time in seven months. Before returning to around $197 per coin.
$SOL
Solana is on a high after Bitcoin hit a new record in the past week. Solana is one of the biggest gainers in the top 20 cryptos by market capitalization over the past week, having surged by more than 17%.
$SOL
Solanaâs price surge is driven by increasing network usage and promising technological developments. In addition, the issue of a proposed Solana ETF is adding to the positive sentiment. While there is optimism among Solana network users about the potential for further gains, there are also concerns about low capital inflows and changing market sentiment.
Trump's Fierce Opponent Secures 20th US House Seat Democratic politician from the state of California Nancy Pelosi has again secured a seat in the United States (US) House of Representatives (DPR). The news is certainly in the spotlight because Pelosi is a figure who strongly opposed Donald Trump's leadership in 2016.
As is known, Donald Trump was re-elected as US President after defeating Kamala Harris in the 2024 Election. Trump has made several harsh comments to Pelosi.
In the last campaign ahead of the 2024 US Election, Trump called Pelosi a terrible person and almost gave harsh words. This certainly illustrates how bad the relationship between the two is in the world of politics.
Responding to Trump's comments, Pelosi considered the US President to be experiencing cognitive decline, reported by MSNBC, Thursday (07/11). Seeing the very clear rivalry shows that the political battle in the US is quite fierce. However, many are increasingly curious about how the two will work together for the country after Trump is officially inaugurated. $BTC $ETH $SOL
China-US Rivalry Will Become Fiercer Under Trump Administration
Chinese Foreign Ministry Spokesman Mao Ning said China will continue to work with the United States under the Trump administration, but said they will face fiercer competition than they did under President Joe Biden. "Our policy toward the US remains consistent. We will continue to view and handle China-US relations with the principles of mutual respect, peaceful coexistence and win-win cooperation," Ning said at a press conference.
Crypto Wins After Trump's Landslide Lead in US Presidential Election 2024 US Presidential Election
It just ended and had a significant impact on the crypto market. Bitcoin even hit a new record high before the Republican nominee was officially declared the winner. Bitcoin broke through the level
US$75,011 for the first time. During his campaign, Trump promised to make the US the âcrypto capital of the worldâ and the Republican Party as a whole has been supportive of the industry, with significant financial backing. If Trump wins, some people who are seen as hindering the industry will be removed, because their influence is contrary to the future of crypto.
The Fed Cuts Interest Rates, Bitcoin Breaks Through US$76,943 Bitcoin (BTC)
$BTC Bitcoin (BTC), the world's largest cryptocurrency, has again hit an all-time high of US$76,943 early Friday (11/08). This record is the second in a week after Bitcoin hit its highest point after 8 months. There are two major factors driving the growth of Bitcoin prices. First, The Federal Reserve (The Fed), the central bank in the United States, decided to lower its benchmark interest rate.
US Presidential Election Results Push Bitcoin to New All-Time High of $75,011
$BTC Donald Trump Wins All Markets Moving Bullish Bitcoin Tembus All Time High ke US$75.011
Bitcoin managed to break through its all-time high or highest point of US$75,011 today, Wednesday (06/11). Previously, the highest peak of this coin was last printed for US$73,750 on March 14, 2024.
Thus, Bitcoin managed to record growth of almost 112% since the beginning of the year from a price of US$35,419. In just one week, Bitcoin managed to rise more than 16%.
The news was driven by sentiment in the US Presidential Election, where Trump is currently leading in 19 states with 198 electoral votes. This also contributed to the price of Bitcoin because Trump was known as a pro-Bitcoin figure during his campaign.
CZ (Changpeng Zhao) Binance Founder reveals at Binance Blockchain Week in Dubai
Changpeng Zhao makes first public appearance since returning from prison CZ was sentenced to 4 months in prison for violating the Bank Secrecy Act (BSA) At 15:55 Dubai time, the founder of Binance, commonly known as CZ, gave a cool speech. CZ's speech while in Dubai was: Focus on Crypto Education: Emphasizing the importance of education in advancing the understanding and adoption of blockchain technology Web3 Transformation: Web3 is poised to reshape the digital space, bringing decentralized applications to the forefront of internet evolution.
Hadera Hasgraph Price Analysis - Hbar Blockchain Technology Will Beat ETH
According to our Hedera Hashgraph price prediction, HBAR is expected to reach a price of $0.064110 on October 24, 2024. This would indicate a price increase of 21.55% for HBAR in the next 5 days. This week started with continued volatility. Sellers tried to drag HBAR below $0.050, but buyers fought back, pushing the price up by 3.84% to $0.052, just above the 50-day SMA. On Tuesday, the bullish momentum increased as HBAR surged 6.43% past the 20-day SMA to end at $0.056.
Polkadot has attracted a lot of attention in the last 5 days The trend is quite strong bullish
There will be a Rejection first then continue Bouncing Trend R1
DOT targets a potential price of 6.59$, looks Optimistic Probability of Breakout Resistance 1
and if Breakout Resistance 1 then it will continue to fall to Resistance 2 automatically towards ATH
Because fundamentally in the crypto currency market shows characteristics with performance in blockchain
Polkadot continues to establish its leadership in blockchain technology.
This network has an impressive Nakamoto coefficient that emphasizes its commitment to decentralization.
While other Layer 1 blockchains struggle with centralization, $DOT stands out.
Its innovative design allows multiple blockchains to communicate easily and improves overall interoperability.
Signs of Potential Recovery
Despite these challenges, there are glimmers of hope for Polkadot.
The network continues to show resilience in certain areas. For example, the number of paid transactions on Polkadot rollups has doubled over the past year, indicating continued utility and usage of the network. This increase in transaction volume could be a signal that Polkadot still has potential for future growth.
Additionally, $DOT is near its lowest point since October 2023, a point at which the cryptocurrency previously saw increased demand. This past pattern suggests that current investors may view the current low price as an opportunity for future gains, similar to the recovery seen earlier in the year.
While current challenges are significant, including low demand and reduced liquidity, the networkâs ability to maintain transaction activity and its historical recovery patterns provide grounds for optimism.
ARB can target the Resistance 3 figure of $5.00 during the next big DeFi boom.
As the Layer 2 narrative strengthens, ARB is ready to dominate more of the market.
Its technological superiority is undeniable and its growing user base makes it an interesting project to watch for both short-term traders and long-term holders.
ARB Participates in the Arbitrum DAO on-chain governance protocol
Arbitrum is a layer 2 protocol that uses the underlying base layer of Ethereum $ETH Blockchain.
Arbitrum offers a range of L2 scaling technologies. Including Roll Up Optimistic Bullish Run in October
Predicted 50% probability of significant increase in Bull Run
Get ready mega bull run has started narratively strong fundamentals and volatility Investors consolidate their playing area price