Author: NBTC

Analysts at QCP Capital are optimistic about a potential “Uptober” rally for Bitcoin, provided that Bitcoin can stay above the critical $60,000 support level. Analysts voiced their views as U.S. stock markets surged and the S&P 500 hit a new high. QCP Capital analysts added: “US stocks are on the rise with the S&P 500 making a new high, but the same level of optimism is yet to be seen in crypto. However, we are hopeful for an ‘Uptober’ rally as long as the key $60,000 support level remains intact.” In early trading today, the Dow Jones Industrial Average was…

Today, ApeCoin, DeepBook, and Math tokens witnessed significant price gains in the crypto market. Notably, ApeCoin surged by a remarkable 75.3%, topping the list of daily gainers. Phoenix, a crypto analytical platform, shared the details of the crypto gainers of the day through its official social media platform, X. DAILY GAINERS$APE +75.3% $DEEP +59.3% $MATH +52.0% #API3 +34.4% $BBL +28.6% $TOMI +28.4% $DIA +24.2% $TRIBL +20.5% $ALEPH +19.5% $NGL +17.6%#dailygainers pic.twitter.com/ksmHJtBpNX — PHOENIX – Crypto News & Analytics (@pnxgrp) October 20, 2024 ApeCoin Leads with a 75.3% Surge ApeCoin ($APE) made headlines today with a 75.3% price spike, reaching $1.37…

With the Trump transition team continuing to make headlines, recently with the nomination of Paul Atkins to serve as SEC Commissioner, the excitement and optimism around bitcoin and crypto continues to increase. As the token itself exceeded the $100,000 level, XRP rebounds to fresh-all-time highs following years of languishing due to SEC legal actions, and talks of strategic bitcoin reserves evolve, crypto policy advocates are justifiably looking forward to 2025. That said, the reality remains that U.S. financial markets are not only incredibly large and complicated, but are also integral to the smooth functioning of global financial markets. Any tinkering…

There is an index that seems to be able to help identify some movements in the price of Bitcoin in advance. At the base of this (inverse) correlation, however, there is no clear dynamic, but only the observation that in the past it has already happened several times that a movement in one direction of this index was followed a few days later by a movement in the opposite direction of the price of Bitcoin. This, for example, also happened this week. Therefore, monitoring this index does not provide certainty regarding the future movements of the Bitcoin price, but in…

Elon Musk has presented a blunt solution to revamp the United States economy and tackle its growing trade deficit: transition workers from what he describes as “low to negative productivity” government jobs into high-output roles in the private sector. The Tesla CEO argues this is the only way to truly strengthen the economy by focusing on tangible output. His remarks came after his appearance on Capitol Hill, where he and biotech entrepreneur Vivek Ramaswamy discussed plans to slash federal spending and overhaul the bureaucracy. The two were appointed by President-elect Donald Trump to lead the Department of Government Efficiency (D.O.G.E.),…

Meme coins Speedy and ApeCoin have both seen their prices pump by over 100% in the last 24 hours. According to current market data, Speedy (SPEEDY) — a meme coin launched on the Fantom blockchain by The GOAT Foundation — was among the top gainers on CoinGecko as of Sunday afternoon. The team behind Speedy, which includes experts in blockchain technology like Gonzales Spidorius serving as the CIO, saw the token spike over 150%. The coin’s all-time high hovers at around $0.03346; its all-time low was on Oct. 20, at $0.0007253. See the chart below. Chart from CoinGecko ApeCoin (APE),…

President-elect Donald Trump has selected Paul Atkins, former commissioner of the US Securities and Exchange Commission (SEC), to lead the agency. Atkins, who served under President George W. Bush, will replace outgoing SEC Chair Gary Gensler. After this big announcement, the financial community has been buzzing about the SEC’s alleged settlement offer to Ripple Labs and legal experts are split on whether the SEC will appeal the ruling or ask for more time A user asked former SEC employee Marc Fagel about the likelihood of the SEC dropping the Ripple lawsuit, especially since it’s at the second court of appeals.…

The cryptocurrency market has seen a nice rally over the past seven days, led by Bitcoin, with the world’s largest cryptocurrency gaining almost 10% in value. It is not known whether this momentum will continue in the new week, but there are many token unlock events in altcoins and these can deeply affect the altcoin market. Here is the token unlock calendar that we, as Bitcoinsistemi.com, have prepared specially for you. (All times are stated as UTC+3 Türkiye time) World (WLD) Market Value: $1.33 billion Token Unlock Amount: $8.22 million (0.62% of market cap) Date: October 21, 2024, 03:00 XPLA…

Ripple CEO Brad Garlinghouse in an interview with 60 Minutes, said that the 2024 election was a “major victory” for crypto as the majority of Fairshake, a crypto political action committee (PAC), backed candidates, won their seats.And this was a non-partisan effort, as crypto, itself is non-partisan, he argued, pointing to the cross-aisle support for the digital assets bill FIT21.“Of the 29 Republicans and 33 Democrats the industry backed in congressional races, 85% won. It’s incredible,” he said. “We absolutely helped supercharge the candidates with the money in the coffers… That’s absolutely right,” he said, arguing that, like other industries,…

HIVE Digital Technologies, the publicly listed Bitcoin miner from Wall Street (NYSE: HIVE), reported lower crypto output in November while announcing significant expansion plans to triple its mining capacity by mid-2025. The Wall Street Bitcoin miner’s November production represents a decline from 117 Bitcoin mined in October, though its total holdings grew 67% year-over-year to 2,713 BTC, valued at approximately $261 million at month-end. HIVE maintained an average hashrate of 5.3 EH/s in November, with daily production averaging 3.42 Bitcoin. The company’s mining fleet operated at an efficiency rate of 22.3 joules per terahash, reaching peak performance of 5.7 EH/s.…