Author: NBTC
AAVE showed bullish momentum recently, as observed in its aggressive rebound off the $130 level, swiftly reclaiming the range high around $180. This action confirmed strong buyer interest at lower prices, effectively turning previous resistance into a support zone. The surge propelled it through several resistance levels without notable retests, indicating an overwhelming bullish sentiment. After clearing the $180 mark, the crypto continued its upward trajectory. It paused briefly around $192 before the next potential leg up. This movement positioned AAVE optimally for an assault on the weekly supply zone near $240. With the volume and sharp price increase, it…
Key Takeaways Coinbase CEO Brian Armstrong sees Trump’s win as a significant boost for crypto and economic freedom. 257 pro-crypto candidates were elected to the House of Representatives in the recent election. Coinbase CEO Brian Armstrong, celebrated the election results as a significant win for crypto and economic freedom, pointing to key developments that reflect a surge in political backing for digital assets. https://t.co/XyNlxPOObH — Brian Armstrong (@brian_armstrong) November 6, 2024 “No matter how you slice it, this election was a huge win for crypto,” Armstrong wrote in a post on X. The election saw crypto supporter Bernie Moreno defeat…
In the past week, several DeFi projects have made significant contributions to burning Ethereum, with Uniswap ($UNI) leading the charge. As reported by Phoenix, a cryptocurrency media outlet, Uniswap has so far burnt 1,262.1 ETH. It has labeled it the largest burner compared to other decentralized finance platforms. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #KyberSwap #Aave $AAVE #Paraswap #Pendle #Tokenlon $LON pic.twitter.com/VBgTNnIQpm — PHOENIX – Crypto News & Analytics (@pnxgrp) November 10, 2024 Ethereum Burn Leaders: Metamask, 1Inch, and Gnosis Next was Metamask which recorded a high burn of 185 ETH after the Uniswap burn.…
MicroStrategy stock price surged hard in 2024, making it one of the best-performing assets this year. It has soared by over 308% this year, beating the S&P 500 index, which is up by 24%. MSTR has also beaten other companies like NVIDIA and Microsoft. Bitcoin price surge The MicroStrategy stock price has soared because of the ongoing cryptocurrency bull run after Donald Trump won the election. Bitcoin soared to a record high of $76,520, much higher than the year-to-date low of $38,420. It has also jumped by 380% from its lowest level in 2023. Technicals suggest that Bitcoin’s rally is…
In today’s crypto market, Drift Protocol ($DRIFT) is the clear leader. According to Phoenix, a prominent crypto media outlet, Drift saw a remarkable increase of +96.4%. This surge positions Drift as the biggest gainer of the day. It highlights the growing demand for its decentralized trading platform. DAILY GAINERS$DRIFT +96.4% $CATS +88.8% $X +87.0% $VXV +59.1% $STG +35.6% $MNDE +34.5% $KMNO +34.3% $PRCL +31.7% $SWELL +27.6% $ORDER +22.3%#dailygainers pic.twitter.com/qR6K68chII — PHOENIX – Crypto News & Analytics (@pnxgrp) November 9, 2024 Cats ($CATS) Soars by +88.8%, Fueling Meme-Crypto Surge Other tokens are also soaring higher. Cats ($CATS) rose by +88.8% as…
In a recent discussion with comedian Jimmy Dore, Tucker Carlson in his recent podcast delved into the potential of Bitcoin as a tool for financial autonomy and freedom from government oversight. Carlson highlighted both the promise and challenges of cryptocurrency, especially regarding accessibility for average users. His reflections resonate amid growing concerns over government control of financial systems and the limitations of traditional currencies. Lifelong Democrat Jimmy Dore on why it’s essential to punish and humiliate the Democratic Party eight days from now. (1:29) Reacting to Trump’s Madison Square Garden Rally(3:16) The Weaponization of Wokeness(14:01) Warmongering of the Democratic Party(24:08)…
On November 6, CNBC’s MacKenzie Sigalos spoke with Michael Bucella, Co-Founde and Managing Partner at crypto-focused investment firm Neoclassic Capital, on CNBC’s “Power Lunch” to discuss how the crypto market could be impacted by the incoming Trump administration. Bucella explains that Donald Trump, who was initially not supportive of the crypto sector, has recently adopted a much friendlier stance. Over the past six months, Trump has pivoted, making several promises that appeal to crypto advocates. One of Trump’s prominent pledges involves removing SEC Chair Gary Gensler from his position, which Bucella believes could create a more favorable regulatory environment for…
In a set of interesting transactions, a smart cryptocurrency whale has been able to make an $8 million profit by using the $WIF token in several trades. Lookonchain, a blockchain analytics firm, captured the whale’s moves to understand better how the whale is operating given the current fluctuations in the market to make massive profits. A smart whale withdrew 6.9M $WIF($15.87M) from #Binance 10 hours ago.This whale previously bought 9.8M $WIF($15.05M) at $1.53 from Aug 30 to Sept 2 and sold all 9.8M $WIF($23.06M) at $2.35 on Sept 29, making a profit of $8M!https://t.co/4bnfADPRB8 pic.twitter.com/2C6u2l79DV — Lookonchain (@lookonchain) November 9,…
I know, it’s a big statement, but really, the more I think about it, the more I’m convinced – looking back, 2024 will be remembered as the defining year for Bitcoin, the year Bitcoin transformed from magic internet money into a real institutional investment and financial asset. The evidence is overwhelming: – Pension funds and university endowments allocated to Bitcoin.- The long wait for a US Bitcoin ETF ended.- Wall Street giants like BlackRock bought.- Larry Fink changed his tune on Bitcoin. But most of all, a leading U.S. presidential candidate said he would make Bitcoin a monetary reserve asset.…
The Bank of England (BoE) lowered its key interest rates to 4.75% from 5% on November 7, marking its second rate cut this year as UK inflation dropped to 1.7% in September, falling below the central bank’s 2% target. The rate reduction comes after the BoE decided to hold its interest rate steady in September, following an August cut that brought the rate to 5%. The September pause was intended to assess the impact of previous rate reductions while ensuring inflation remained under control. British inflation declined sharply from 2.2% to a three-year low of 1.7% in September, dropping below…