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Bitcoin News
Coinpedia
5d
328
Image Credit: Coinpedia
How High Will Bitcoin Price Go Amid Current Crypto Market Rally? Key Trends Revealed
- The Bitcoin market has surged by over 12% since the 2024 US presidential election, driven by optimism and potential regulatory clarity.
- Several top altcoins have also experienced significant growth, including Ethereum, Cardano, BNB, XRP, Dogecoin, and Solana.
- Crypto analysts predict further market growth, with some suggesting a potential peak of $125,000 for Bitcoin.
- Investors are advised to hold onto high-potential assets and make strategic investments for maximizing profits during the ongoing rally.
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Bitcoinist
5d
390
Image Credit: Bitcoinist
Bitcoin Lobbyist Says Multiple US States Eyeing BTC Reserves In 2025
- The establishment of a "Strategic Bitcoin Reserve" has emerged as a pivotal topic in the US.
- President-elect Trump pledged to retain all BTC currently held or acquired by the US government.
- Republican Senator Cynthia Lummis reaffirmed her commitment to establishing a strategic reserve through the BITCOIN Act of 2024.
- Lobbyist Dennis Porter confirmed that multiple US states will introduce Strategic Bitcoin Reserve legislation in 2025.
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TheNewsCrypto
5d
271
Image Credit: TheNewsCrypto
Bitcoin Hits a New All-Time High Surging Above $77K
- Bitcoin (BTC) reached an all-time high of $77,000, with sustained demand and support from technical indicators and ETF inflows.
- Long-term indicators suggest Bitcoin is undervalued and has potential for further price appreciation.
- The RSI indicates moderate upward momentum, and the recent 'Golden Cross' suggests a bullish trend.
- Bitcoin finds support at $73,500, with resistance at $77,280, and the next target could be $80,000.
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16 Likes
Medium
5d
242
Image Credit: Medium
Investment Prospects for Web3 Gaming
- Web3 technology is revolutionising gaming as Distributed Ledger Technology (DLT), decentralised finance (DeFi) and non-fungible tokens (NFTs) introduce new elements to gameplay. Web3 is decentralising the industry, shifting power away from central authorities into the hands of players.
- Despite being in its infancy, 'GameFi', as the industry is known, is attracting investors with its potential to enhance user experience and create new economic models. Web3 projects must find a way to become a hotspot for investment to compete with other emerging technologies.
- Web3 economies operate autonomously on blockchains, self-regulating and accruing value from an array of sources. Decentralised gaming networks deploy NFTs to represent in-game items, enabling free-market ownership over virtual assets. Web3 networks enable interoperability of tokenised assets, so players can buy, sell and trade freely between different gaming platforms.
- As a new industry, GameFi is exploratory and waiting for a killer product that could catalyse mass adoption. Total value locked (TVL) is a key metric to gauge the popularity and activity of a decentralised application (dApp). The most popular Web3 games have significantly lower user numbers than centralised games - in June, even the most popular games attracted just 2.5mm and 2.27mm daily users respectively.
- Investor sentiment and market perception play a crucial role in funding for GameFi. Positive sentiment can stimulate prolific private financing while negative sentiment can stifle innovation and lead to a slowdown in application development and user support.
- Web3 gaming, along with other emerging technologies, faces regulatory and ethical challenges. Proactive regulation can boost investor confidence by providing clear legal guidelines and protections. Ethical dilemmas will arise when players invest in NFTs with the expectation of long-term value, only to see a market downturn.
- Investment in Web3 gaming carries risk, but investors can support development teams to focus on technological innovation, asset proliferation and user expansion. Integrating DLT into the gaming ecosystem can be transformative and unlock substantial value for investors and GameFi.
- Aside from private investment funds, top video game companies are actively venturing into the Web3 space by directly investing in GameFi projects, developing their own Web3 games or hiring for blockchain-related positions.
- Web3 has the potential to revolutionise digital ownership and enhance user experience in gaming, but balancing Web3 innovation with ethical responsibility will be key to ensuring long-term viability. The right mix of technological innovation, effective regulatory frameworks, and responsible investment practices can unlock substantial value for both investors and the Web3 gaming ecosystem.
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Coinpedia
6d
287
Image Credit: Coinpedia
Will the US Election Impact on Crypto Market Push Bitcoin to $80K?
- Bitcoin market has seen a growth of 12.78% since November 5.
- Crypto analyst predicts that Bitcoin price will reach $80,000 within the next week.
- Low profit-taking indicates investor confidence in further growth potential.
- Bitcoin market has been consolidating for the last nine months, strengthening its foundation for a bullish phase.
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17 Likes
Coinpedia
6d
82
Image Credit: Coinpedia
Crypto Price Today (Nov 9th, 2024): Bitcoin Price Hits New ATH | POL & MATIC Lead Ganiers!
- Crypto prices show positive momentum, rising by 4.04% in the past 24 hours.
- Bitcoin hits a new all-time high (ATH) of $77,252.75.
- Top gainers include Raydium, POL, and MATIC, with increases ranging from 12.67% to 13.26%.
- GOAT, Popcat, and Neiro are among the top losers, experiencing declines of 4.56% to 8.40%.
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Bitcoinist
6d
90
Image Credit: Bitcoinist
Bitcoin Profitability Index Hits 221% – Bullish Data Reveals It’s Far From Past Cycle Peaks
- Bitcoin has surged to new all-time highs for the second consecutive day, driven by positive market sentiment following the US election results and a Federal Reserve interest rate cut.
- The Bitcoin Profitability Index, currently at 221%, suggests room for further upside potential as it still remains below previous cycle peaks.
- Investors and analysts are optimistic about Bitcoin's future trajectory, expecting sustained growth as the cryptocurrency enters a new bullish phase.
- BTC is trading at $76,200 and is testing price discovery levels near $77,000, which could act as a significant resistance point.
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5 Likes
Medium
6d
284
Image Credit: Medium
*GCGL Token by Ubitex*
- UbitEx has launched GCGL token, an equity token aimed at giving users equity-like benefits within the UbitEx ecosystem.
- GCGL represents a stake in the broader UbitEx network and is part of a strategic move called a Reverse Takeover (RTO).
- Understanding GCGL's tokenomics is essential to recognizing its potential value.
- Total supply of GCGL tokens is set at 300 million, representing 30% of Golden Rock Global plc’s stocks.
- Holding GCGL means owning a share of UbitEx’s value, thanks to its equity-like structure.
- The number of GCGL tokens you are eligible to buy depends on the amount of UB staked and the staking duration.
- Following November 18th, the GCGL staking program officially launches with a 1:10 staking ratio.
- GCGL is projected to rise to $1 per token, and the token is expected to be listed on other major exchanges soon.
- Remember to approach this opportunity with caution, as the crypto market is highly volatile, and investments are inherently risky.
- Now could be a great time to consider GCGL if it aligns with your financial goals.
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17 Likes
Newsbtc
6d
61
Ethereum To Outperform Bitcoin, Fund Managers Set $8,000 Target
- Prominent fund managers and industry leaders project a bullish outlook for Ethereum (ETH), positioning it to outperform Bitcoin (BTC) with a target price of $8,000.
- Factors contributing to Ethereum's anticipated outperformance include enhanced utility in decentralized finance (DeFi) and adoption by Traditional Finance (TradFi).
- Experts believe that Ethereum's utility in DeFi and its potential for constructing sophisticated financial products under improved regulatory conditions will attract more institutional players.
- While acknowledging Ethereum's potential to outpace Bitcoin, some experts suggested that it might underperform other altcoins like Solana and Sui.
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3 Likes
Bitcoinik
6d
41
Image Credit: Bitcoinik
Bitcoin Pumps to New All-Time High of $77.5K; Binance Co-Founder CZ Suggests Investors Control Greed
- Bitcoin reaches a new all-time high of $77.5K.
- Binance co-founder CZ advises investors to control greed and be prepared for market downturns.
- Bitcoin's current trade price is $76,428, showing a 9.88% increase in the last 7 days.
- CZ holds a significant stake in Binance Coin (BNB) and Bitcoin, with a total net worth of $61 billion.
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2 Likes
Newsbtc
6d
399
Image Credit: Newsbtc
PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound
- PEPE is slipping into a correctional phase after a strong upward momentum.
- Key support levels to watch for a rebound include $0.000000766, which has historically acted as a crucial level of support.
- PEPE has encountered strong resistance at $0.00001152 and struggles to sustain the uptrend.
- The 4-hour RSI suggests that bullish strength may be waning, and a drop below 50% could signal a shift towards bearish sentiment.
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24 Likes
Coinjournal
6d
90
Image Credit: Coinjournal
BlackRock’s IBIT sets record $1.1 billion in daily inflows
- BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) set a new record for inflows, reaching $1.12 billion.
- This record comes as Bitcoin achieved a new all-time high of over $76,000 on November 7.
- The 12 US spot Bitcoin ETFs recorded a daily total net inflow of $1.38 billion, a new record since listing in January.
- BlackRock's IBIT net assets now account for $34.29 billion, significantly pushing it ahead of its competitors.
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5 Likes
Bitcoinsensus
6d
181
Image Credit: Bitcoinsensus
SEC Postpones Ethereum ETF Options Decision Amid Inflow Surge
- The SEC has postponed the decision to allow options on the Ethereum ETF for a second time.
- The Commission will hold hearings and request more information before making a final decision.
- Ethereum ETFs have seen significant inflows recently, with notable surges in value.
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10 Likes
Bravenewcoin
6d
136
Image Credit: Bravenewcoin
The Bernstein Black Book of Bitcoin
- Bernstein has published a new Black Book titled 'From Coin to Computing: The Bitcoin Investing Guide', which explores Bitcoin's role as a 'digital gold' and a technological asset class.
- The guide discusses the challenges and opportunities in the Bitcoin space, including security, regulation, and infrastructure improvements.
- The report highlights Bitcoin's growing importance as a corporate treasury asset and predicts its price could reach $200,000 by the end of 2025.
- The Black Book also focuses on consolidation in the Bitcoin mining sector and the increasing intersection of Bitcoin mining and AI infrastructure.
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8 Likes
Bitcoinsensus
6d
193
Image Credit: Bitcoinsensus
Ethereum Outpaces Bitcoin, Reaches $2,940 Following Trump Win
- Ethereum surges past $2,900, reaching $2,940 for the first time since February.
- Ethereum's surge is attributed to recent economic events, including the U.S. Presidential election and an interest rate cut.
- In the past week, Ethereum has outperformed Bitcoin, gaining 19% compared to Bitcoin's 10% growth.
- Ethereum's strong momentum may lead it to reach the $3,000 milestone soon.
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