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#CryptoExplorerFiesta $SOL
Solana Price Breaks Through $200 Again After 7 Months
Solana (SOL), the world’s fourth-largest crypto by market cap, hit the psychological price of $200 for the first time in seven months. Before returning to around $197 per coin.
Solana is riding 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 cap over the past week, surging more than 17%.
Solana’s price has skyrocketed due to increased network usage and promising technological developments. In addition, the issue of a proposed Solana ETF has added to the positive sentiment.
While there is optimism among Solana network users about the potential for further upside, there are also concerns about low capital inflows and changing market sentiment.
Solana Price Breaks Through $200 Again After 7 Months
Solana (SOL), the world’s fourth-largest crypto by market cap, hit the psychological price of $200 for the first time in seven months. Before returning to around $197 per coin.
Solana is riding 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 cap over the past week, surging more than 17%.
Solana’s price has skyrocketed due to increased network usage and promising technological developments. In addition, the issue of a proposed Solana ETF has added to the positive sentiment.
While there is optimism among Solana network users about the potential for further upside, there are also concerns about low capital inflows and changing market sentiment.
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#marketdownturn $BTC
Breaking News | Bitcoin Breaks All Time High to $75,011
Bitcoin managed to break through its all-time high or highest point of $75,011 today, Wednesday (06/11). Previously, the highest peak of this coin was last printed for $73,750 on March 14, 2024.
Thus, Bitcoin has managed to record growth of almost 112% since the beginning of the year from a price of $35,419. In just one week, Bitcoin has managed to rise more than 16%.
This news was driven by the sentiment of the US Presidential Election, where Trump is currently ahead 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.
He even actively interacts with crypto market players by attending many events and will make Bitcoin a reserve currency of the United States, if elected as US President.
Breaking News | Bitcoin Breaks All Time High to $75,011
Bitcoin managed to break through its all-time high or highest point of $75,011 today, Wednesday (06/11). Previously, the highest peak of this coin was last printed for $73,750 on March 14, 2024.
Thus, Bitcoin has managed to record growth of almost 112% since the beginning of the year from a price of $35,419. In just one week, Bitcoin has managed to rise more than 16%.
This news was driven by the sentiment of the US Presidential Election, where Trump is currently ahead 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.
He even actively interacts with crypto market players by attending many events and will make Bitcoin a reserve currency of the United States, if elected as US President.
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#CryptoExplorerFiesta
Latest: Harris Wins in California, Trump Only Needs 56 Votes to Win
Donald Trump, according to AP News Live Update, won the vote in 21 states. While Harris won big in California and got 54 electoral votes.
Trump who won 214 electoral votes only needs 56 more votes to win the Presidential Election this year. Meanwhile, Harris still needs more than 100 votes to advance to the White House.
Trump won almost two dozen states such as Kentucky, Indiana, West Virginia, Alabama, Florida, Oklahoma, Missouri, and Tennessee, Nevada, Wyoming, Utah, Montana, South Dakota, Texas, Los Angeles, Arizona, Ohio, North Dakota, Kansas, Iowa, and South Carolina.
On the other hand, Harris who only got 179 electoral votes came from Vermont, Maryland, Connecticut, California, New York, New Jersey, Illinois, Massachusetts, Delaware, Rhode Island, Oregon, Washington, D.C, Washington,.
The initial results are as predicted. However, the 7 swing states that will determine the final outcome of the US Presidential Election, Georgia, North Carolina, Pennsylvania, Arizona, Michigan, Nevada, and Wisconsin have yet to announce a winner in their respective states.
Latest: Harris Wins in California, Trump Only Needs 56 Votes to Win
Donald Trump, according to AP News Live Update, won the vote in 21 states. While Harris won big in California and got 54 electoral votes.
Trump who won 214 electoral votes only needs 56 more votes to win the Presidential Election this year. Meanwhile, Harris still needs more than 100 votes to advance to the White House.
Trump won almost two dozen states such as Kentucky, Indiana, West Virginia, Alabama, Florida, Oklahoma, Missouri, and Tennessee, Nevada, Wyoming, Utah, Montana, South Dakota, Texas, Los Angeles, Arizona, Ohio, North Dakota, Kansas, Iowa, and South Carolina.
On the other hand, Harris who only got 179 electoral votes came from Vermont, Maryland, Connecticut, California, New York, New Jersey, Illinois, Massachusetts, Delaware, Rhode Island, Oregon, Washington, D.C, Washington,.
The initial results are as predicted. However, the 7 swing states that will determine the final outcome of the US Presidential Election, Georgia, North Carolina, Pennsylvania, Arizona, Michigan, Nevada, and Wisconsin have yet to announce a winner in their respective states.
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$BTC #marketdownturn #CryptoExplorerFiesta
Bitcoin ETF Outflows to $541 Million
The US spot Bitcoin (BTC) ETF saw its second-largest single-day outflow since its launch, with investors pulling out $541 million on November 4, according to data from Farside Investors. The heavy outflows from Bitcoin ETFs have raised concerns as financial markets anticipate political and economic shifts.
Many major firms such as ArkInvest and Bitwise suffered losses with outflows of $138 million and $80 million, respectively. In contrast, BlackRock’s IBIT, reported around $38 million in net inflows.
Analysts are predicting high volatility in Bitcoin as the election approaches. This is likely to trigger a “sell-the-news” reaction, similar to past incidents where market participants reacted strongly to major news, causing price fluctuations.
Historically, Bitcoin has shown significant price increases after US elections. For example, after the 2012, 2016, and 2020 elections. This trend shows the potential for Bitcoin to strengthen after elections, regardless of which candidate wins.
Bitcoin ETF Outflows to $541 Million
The US spot Bitcoin (BTC) ETF saw its second-largest single-day outflow since its launch, with investors pulling out $541 million on November 4, according to data from Farside Investors. The heavy outflows from Bitcoin ETFs have raised concerns as financial markets anticipate political and economic shifts.
Many major firms such as ArkInvest and Bitwise suffered losses with outflows of $138 million and $80 million, respectively. In contrast, BlackRock’s IBIT, reported around $38 million in net inflows.
Analysts are predicting high volatility in Bitcoin as the election approaches. This is likely to trigger a “sell-the-news” reaction, similar to past incidents where market participants reacted strongly to major news, causing price fluctuations.
Historically, Bitcoin has shown significant price increases after US elections. For example, after the 2012, 2016, and 2020 elections. This trend shows the potential for Bitcoin to strengthen after elections, regardless of which candidate wins.
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#CryptoExplorerFiesta #marketdownturn $BTC
South Korea to Discuss Bitcoin Spot ETF Approval This Week
South Korea's Virtual Assets Commission will reportedly discuss the legality of Bitcoin Spot ETFs in the country on November 6. Not only that, they will also discuss licensing for crypto companies to use the company's balance sheet to buy Bitcoin.
Not only that, the agency under the Financial Services Commission will also reconsider the regulation of stablecoins. Now, the government of the Ginseng Country claims to be looking for a more effective way to oversee the crypto industry.
Even so, the discussion will not involve figures from this industry. Reportedly, the Virtual Assets Commission chose defense experts and academics from leading universities to discuss its regulations.
South Korea to Discuss Bitcoin Spot ETF Approval This Week
South Korea's Virtual Assets Commission will reportedly discuss the legality of Bitcoin Spot ETFs in the country on November 6. Not only that, they will also discuss licensing for crypto companies to use the company's balance sheet to buy Bitcoin.
Not only that, the agency under the Financial Services Commission will also reconsider the regulation of stablecoins. Now, the government of the Ginseng Country claims to be looking for a more effective way to oversee the crypto industry.
Even so, the discussion will not involve figures from this industry. Reportedly, the Virtual Assets Commission chose defense experts and academics from leading universities to discuss its regulations.
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#marketdownturn #BecomeCreator $BTC
Almost $350 million or Rp5.5 trillion worth of Bitcoin was liquidated as the largest digital asset fell to $69 thousand ahead of tomorrow's US presidential election.
CoinGlass, a crypto data analysis platform, revealed that $259.7 million worth of assets were liquidated in long bets, and $90.08 in short bets. This figure makes it the largest liquidation in a single day since October 25.
It is known that this significant price change occurred when the competition for support for Presidential Candidate Donald Trump and his rival Kamala Harris was getting tighter on Polymarket.
In early October, Trump's name led Polymarket as the winning candidate with a chance of winning reaching 67%. However, now his name has fallen sharply to 56%.
Almost $350 million or Rp5.5 trillion worth of Bitcoin was liquidated as the largest digital asset fell to $69 thousand ahead of tomorrow's US presidential election.
CoinGlass, a crypto data analysis platform, revealed that $259.7 million worth of assets were liquidated in long bets, and $90.08 in short bets. This figure makes it the largest liquidation in a single day since October 25.
It is known that this significant price change occurred when the competition for support for Presidential Candidate Donald Trump and his rival Kamala Harris was getting tighter on Polymarket.
In early October, Trump's name led Polymarket as the winning candidate with a chance of winning reaching 67%. However, now his name has fallen sharply to 56%.
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#CryptoExplorerFiesta #BecomeCreator
Elon Musk Spends $119 Million to Support Donald Trump
The US Presidential Election is heating up, with Donald Trump and Kamala Harris as the strongest candidates vying for the throne. Elon Musk, one of the entrepreneurs behind Trump, reportedly spent around $119 million
Elon Musk openly supports Trump in the US Election. The reason is, many have spent money for US Election candidates, but not many dare to show themselves.
Elon Musk Spends $119 Million to Support Donald Trump
The US Presidential Election is heating up, with Donald Trump and Kamala Harris as the strongest candidates vying for the throne. Elon Musk, one of the entrepreneurs behind Trump, reportedly spent around $119 million
Elon Musk openly supports Trump in the US Election. The reason is, many have spent money for US Election candidates, but not many dare to show themselves.
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$BTC #BecomeCreator #CryptoExplorerFiesta
Blockstream: Financial Institutions Want to Get Into Bitcoin and ETFs
Blockstream Co-Founder and Chief Executive Officer (CEO) Adam Back stated that Bitcoin is now attracting the attention of financial institutions. This is because Bitcoin Spot exchange-traded funds (ETFs) in the US are increasingly being adopted as a financial instrument.
Back sees the increasing interest in Bitcoin as a positive sign for the cryptocurrency industry. Therefore, adoption by institutional investors is considered very important for its future.
Blockstream: Financial Institutions Want to Get Into Bitcoin and ETFs
Blockstream Co-Founder and Chief Executive Officer (CEO) Adam Back stated that Bitcoin is now attracting the attention of financial institutions. This is because Bitcoin Spot exchange-traded funds (ETFs) in the US are increasingly being adopted as a financial instrument.
Back sees the increasing interest in Bitcoin as a positive sign for the cryptocurrency industry. Therefore, adoption by institutional investors is considered very important for its future.
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what do you think about meme coins?
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BlackRock, an investment management company, has again bought 12,127 Bitcoins worth $877.17 million, as of October 2024. The acquisition brings BlackRock's Bitcoin holdings to 429,185 Bitcoins worth $31.04 billion.#CryptoExplorerFiesta
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what do you think about rez?
Bearish
33%
Bullish
67%
15 votes • Voting closed
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Reddit sells crypto coins
$BTC Reddit Inc reportedly sold $6.9 million worth of Bitcoin and Ethereum in late September, meaning they made the sale before Bitcoin's price spiked in October 2024.
“We sold a significant portion of our crypto portfolio, which primarily consists of Bitcoin and Ethereum,” the social media company wrote in its filing with the US financial authority.
Referring to historical data, Reddit sold Bitcoin between July-September at a price of $54,000 and $68,000. Meanwhile, Bitcoin actually jumped to $72 thousand at the end of October.
“We sold a significant portion of our crypto portfolio, which primarily consists of Bitcoin and Ethereum,” the social media company wrote in its filing with the US financial authority.
Referring to historical data, Reddit sold Bitcoin between July-September at a price of $54,000 and $68,000. Meanwhile, Bitcoin actually jumped to $72 thousand at the end of October.
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Bitcoin Address Worth Rp833 Billion Returns After 12 Years
Mempool, a blockchain exploration platform, recorded the movement of 749 Bitcoin (BTC) or worth US$53 million. The address is known to have been inactive for more than a decade.
Mempool, a blockchain exploration platform, recorded the movement of 749 Bitcoin (BTC) or worth US$53 million. The address is known to have been inactive for more than a decade.
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#marketdownturn $BTC
Ahead of the US presidential election, Bitcoin ETF records inflows of up to $870 bitcoin
Bitcoin is in the spotlight now, in addition, investor interest in Bitcoin assets is also increasing.
Ahead of the US presidential election, Bitcoin ETF records inflows of up to $870 bitcoin
Bitcoin is in the spotlight now, in addition, investor interest in Bitcoin assets is also increasing.
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$BTC
Bhutan transfers Rp.1 trillion bitcoin to Binance deposit address
Is this a sign that there will be another major sell-off?
Bhutan transfers Rp.1 trillion bitcoin to Binance deposit address
Is this a sign that there will be another major sell-off?