Urgent: Some currencies collapsed after rising significantly this week.
Bitcoin continued its slide from a record high this week, falling nearly 15% as hawkish signals from the Federal Reserve prompted traders to sell an asset that has more than doubled in price this year. The leading digital currency fell as much as 5% to $92,600 on Friday morning in New York, after hitting an all-time high above $108,000 earlier in the week. The drop weighed more heavily on smaller cryptocurrencies such as ethereum and dogecoin, while stocks in Asia and Europe also fell.
nanceSeason Breaking: Bitcoin hits new record high$BTC šš
Investing.com - Bitcoin rose on Tuesday, extending recent gains and briefly hitting record highs on continued optimism about the possibility of creating a strategic reserve under incoming U.S. President Donald Trump.
Cryptocurrency markets also cheered the addition of MicroStrategy to the Nasdaq 100 index, though overall gains were tempered in anticipation of this weekās Federal Reserve meeting.
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Bitcoin was up 1.9% at $106,623.5 by 00:25 ET (05:25 GMT). The worldās largest cryptocurrency hit a record high of $107,767.6 earlier on Tuesday.
Bitcoinās rally fueled by Trumpās talk of
Bitcoinās recent rally largely came after Trump raised the possibility of creating a strategic reserve for bitcoin, similar to the governmentās oil reserve, during an interview with CNBC last week.
The Justice Department holds about 200,000 bitcoins, most of which have been confiscated from criminals. That stockpile could also be converted into a reserve, though itās unclear how that would work.
Investing.com - Ripple was trading at $2.3775 by 16:01 (13:01 GMT) on the Investing.com Index on Wednesday, up 11.62% on the day. It's the highest daily percentage gain since.
This upward move pushed Ripple to a market cap of $135.8376B, or 3.87% of the total cryptocurrency market cap, and at a record high, when Ripple's market cap was $155.2807B.
Investing.com - Bitcoin is higher at the end of the U.S. session, and is now trading at $101,193.2, up 2.10% in the last 24 hours. The market cap now stands at $2.02 trillion, according to Investing. Bitcoin remains the most dominant cryptocurrency with a 54.3% market share, followed by Ethereum with a 13.0% market share. Based on todayās closing price, Bitcoin is up 4.45% in the last seven days, while the most popular altcoin, Ethereum, is up 13.21% in the last seven days.
b#BinanceBlockchainWeek Trading cryptocurrencies on Binance requires some basic steps and important tips to achieve success. Here are some tips:
1. **Education and understanding**: Before you start, make sure you have a good understanding of cryptocurrencies and how to trade them. Read about technical and fundamental analysis techniques.
2. **Create a secure account**: Create an account on Binance using a strong email and a complex password. Use two-factor authentication (2FA) for added security.
3. **Trading using a demo account**: If the platform offers a demo account, use it to practice trading strategies without risking real money.
4. **Define a strategy**: Define a clear trading strategy (such as day trading, or long-term investing) and stick to it.
5. **Risk management**: Donāt invest more than you can afford to lose. Use stop-loss orders to protect your investments.
6. **Research and analysis**: Follow news related to cryptocurrencies and monitor the market to analyze trends.
7. **Portfolio Diversification**: Donāt put all your money in one currency. Try to diversify your investments to reduce risk.
8. **Be Patient**: Volatile markets can be stressful. Donāt make quick decisions based on momentary emotions.
9. **Update Information**: Keep updating your knowledge about the market and new trends in the cryptocurrency world.
EOS Up 10% Investing.com - EOS was trading at $ at 1.2453 at 02:24 (23:24 GMT) on the Investing.com Index on Tuesday, up 10.44% on the day. This is the highest daily percentage gain since .
The move higher pushed EOS to a market cap of $1.8743B, or 0.05% of the total cryptocurrency market cap, and at a record high of $17.5290B.
EOS traded in a range between $1.0543 and $1.2453 over the past 24 hours.
Over the past seven days, EOS has been seen rising in value, with a percentage change. The volume of EOS in the $ pair over the past 24 hours at the time of writing was 1.2110B or 0.43% of the total cryptocurrency volume. It was trading in a range between $0.7725 and $1.2453 over the past seven days.
On the other side of the cryptocurrency trading spectrum,
Bitcoin was trading at $95,957.9 on the Investing.com Index, up 0.58% on the day.
Ethereum was trading at $3,626.24 on the Investing.com Index, up 0.23%.
Bitcoin's market value was $1,900.0337B, or 54.12% of the total market value of digital currencies, while Ethereum's market value was $437.0037B or 12.45% of the total market capitalization of cryptocurrencies.
EOS Up 10% Investing.com - EOS was trading at $ at 1.2453 at 02:24 (23:24 GMT) on the Investing.com Index on Tuesday, up 10.44% on the day. This is the highest daily percentage gain since .
The move higher pushed EOS to a market cap of $1.8743B, or 0.05% of the total cryptocurrency market cap, and at a record high of $17.5290B.
EOS traded in a range between $1.0543 and $1.2453 over the past 24 hours.
Over the past seven days, EOS has been seen rising in value, with a percentage change. The volume of EOS in the $ pair over the past 24 hours at the time of writing was 1.2110B or 0.43% of the total cryptocurrency volume. It was trading in a range between $0.7725 and $1.2453 over the past seven days.
On the other side of the cryptocurrency trading spectrum,
Bitcoin was trading at $95,957.9 on the Investing.com Index, up 0.58% on the day.
Ethereum was trading at $3,626.24 on the Investing.com Index, up 0.23%.
Bitcoin's market value was $1,900.0337B, or 54.12% of the total market value of digital currencies, while Ethereum's market value was $437.0037B or 12.45% of the total market capitalization of cryptocurrencies.
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Analyst expects Cardano price to reach $10 during the current session with strong buying signals. When will this happen?
- As altcoin seasons come as a surprise, Cardano is likely to hit $10 by mid-2025 based on past historical patterns. Analyst Predicts Cardano to Hit $10 in Current Cycle with Strong Buy Signals, When Will It Happen? ā Source: Cryptonews Cardano (ADA) has broken through its highest levels in over two and a half years above $1.24 due to the high demand for the coin, amid growing expectations that its price will reach $10 in the current cycle. ADA has surged more than 250% since President-elect Donald Trumpās victory last month, with traders believing that the expected shift in US policy toward cryptocurrencies will benefit Cardano and its ecosystem. In a related development, popular crypto YouTuber Lark Davis recently expressed optimism that Cardano can make further gains, noting in a recent video that the coin has the attention and promotion it needs to reach $10 during the current cycle.
Simple information that can be useful š 1. **Technological innovations**: Currencies that offer new technologies or improvements to the blockchain, such as speed, security, or scalability, may have a chance to rise.
2. **Institutional adoption**: Currencies that are backed by large companies or financial institutions may see an increase in demand and thus a rise in price.
3. **Legal and regulatory trends**: Currencies that comply with local and international systems and laws may be more stable and likely to increase in value.
4. **Community and support**: Having a strong and supportive community around a particular currency increases its chances of success.
### Examples of some digital currencies that may have good prospects: - **Bitcoin (BTC)**: It is still the market leader and is often considered a safe haven. - **Ethereum (ETH)**: With continuous improvements such as the "Ethereum 2.0" upgrade, it has great potential. - **Cardano (ADA)**: It is considered one of the promising projects that focus on smart contracts.
### Advice: Before investing in any cryptocurrency, it is best to conduct comprehensive research and technical analysis, and consult experts in the field. #MarketDownturn #MarketDownturn $BTC $ETH $
Here are some exciting news that might interest you in the world of cryptocurrencies:
1. **Institutional Adoption**: - Many major companies have started accepting cryptocurrencies as a means of payment. For example, companies like Tesla, Mastercard, and PayPal have added cryptocurrency payment options.
2. **Institutional Investment**: - There is an increase in investments by major institutions and hedge funds in cryptocurrencies, reflecting greater confidence in the market.
3. **Positive Regulation**: - Some countries have started adopting positive regulations towards cryptocurrencies, which facilitates navigation in the market and enhances confidence among investors.
4. **Increasing Awareness**: - There is a growth in public awareness about cryptocurrencies and blockchain technology, which opens the doors to more new investors.
5. **Technology Development**: - Continuous developments in blockchain technology, such as improvements in Ethereum 2.0 and Solana, contribute to enhancing usability and security.
6. **Expansion of Decentralized Applications**: - There is an increase in the number of decentralized applications (dApps) that use digital currencies, which contributes to enhancing their use in various fields.
7. **Decentralized Finance (DeFi) Programs**: - The growth in the popularity of decentralized finance has increased investment opportunities and returns for investors, reflecting a greater demand for these systems.
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#ETHOnTheRise Ethereum is seeing significant growth in its market cap and diverse use cases, cementing its position as one of the most important players in the blockchain space. Thanks to groundbreaking innovations such as smart contracts and decentralized finance (DeFi), Ethereum continues to attract the attention of investors and major corporations alike. Moreover, ongoing updates to its network, such as the shift to Proof-of-Stake (PoS), are enhancing its efficiency and reducing energy consumption. The future looks promising for this cryptocurrency, making it a major topic of discussion in both tech and finance circles.