Aurelia Butler

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    in Cryptocurrency

    ‘We’re in a Bull Market’: CryptoQuant CEO on Epic Bitcoin Sell-off

    Young Ju referenced Bitcoin’s 2021 historic bull run, which saw BTC soar from $17,000 to $64,000. He emphasized that several sharp corrections saw prices decline by as much as 30%. He noted that this remains a natural part of Bitcoin’s price movement, even during an upward trend.The CryptoQuant CEO clarifies that his update does not predict a looming price correction. Rather, it is a general observation of the Bitcoin market’s volatility. Notably, pullbacks occur naturally and can happen even when prices are rising.Young Ju refers to this as the “local bottom,” which could offer opportunities for those with long-term perspectives.Although Young Ju insists that Bitcoin is still in a bullish phase, as of this writing, BTC has lost 4.94% of its value in the last 24 hours and now trades at $93,743.31. Before rebounding, the coin dipped to $92,410 in earlier trading. Despite these fluctuations, trading volume has risen by 54.20% to $88.72 billion, indicating that some investors have not given up on the coin’s potential.Nevertheless, these fluctuations have triggered panic among other investors, who have started dumping to minimize potential losses should the price decline further. This article was originally published on U.Today More

  • 188 Shares189 Views

    in Cryptocurrency

    ‘It’s Never Too Late to Buy Bitcoin’ Michael Saylor Says as BTC Drops Below $92,000

    Bitcoin proponent Saylor made a supportive comment, stating: “It’s never too late to buy Bitcoin.”The Coin Stories Bitcoin podcast host Natalie Brunell joined Michael Saylor, saying: “The ₿est is yet to come,” choosing the stylized “B” that signifies Bitcoin.As of Nov. 24, MicroStrategy holds 386,700 BTC in total. This amount of the largest cryptocurrency is valued at $21.9 billion in total. Before that, MicroStrategy raised $2.6 billion in convertible senior notes to buy more BTC. This was the second multi-billion Bitcoin purchase performed by Saylor’s company this year — on Nov. 8, MicroStrategy stunned the global crypto community and the market by performing a $4.6 billion Bitcoin purchase.Earlier this year, Saylor predicted that in ten years’ time, BTC will likely skyrocket to the $13,000,000 price level, reducing some of gold’s market capitalization.Analysts believe that Bitcoin is falling now since traders are locking in profits after BTC reached a new all-time high right near the $100,000 price mark.This article was originally published on U.Today More

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    in Cryptocurrency

    Bitcoin (BTC) $90,000 in Danger: What’s Happening?

    Bitcoin’s recent rally seems overextended according to the provided chart, necessitating a correction. A drop from the overbought zone in the Relative Strength Index (RSI) indicates less buying pressure. Trading volume has also begun to decline, which suggests that market enthusiasm is waning. The price is currently getting close to the crucial $90,000 support level, which needs to hold in order to avoid a more significant decline. The general state of the market may also be to blame for Bitcoin’s failure to sustain its momentum. Investor diversification into other cryptocurrencies is reducing the buying pressure on Bitcoin as its dominance declines a little. Bitcoin still has a lot of promise despite the recent setback. Bitcoin may attempt another rally after consolidating in this range if the $90,000 support holds. To resume its bullish trajectory and try to reach the $100,000 mark once more, Bitcoin must break through the key resistance levels at $94,000 and $96,000. A breakdown below $90,000, however, might lead to a more significant sell-off, which would drive the price down to $85,000 or even lower. The 50-day moving average, which is located around $86,800, could be the next significant support in this situation. Institutional investors’ renewed interest and a surge in trading volume are essential for Bitcoin to reach its full potential. Positive macroeconomic news or developments like more widespread use of Bitcoin ETFs or clearer regulations could rekindle optimism and propel the cryptocurrency to all-time highs. To sum up, the $90,000 support for Bitcoin is a crucial line in the sand. In the upcoming days, market sentiment and outside catalysts will play a major role in determining whether the asset recovers its momentum or undergoes a more severe correction.This article was originally published on U.Today More

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    in Economy

    Climate change is a global problem — it requires a global solution

    $1 for 4 weeksThen $75 per month. Complete digital access to quality FT journalism. Cancel anytime during your trial.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print edition More

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    in Economy

    Trump’s tariffs are a reality check for markets

    Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldThe froth quickly came off the market cheer that followed Donald Trump’s nomination of Scott Bessent, a Wall Street veteran, as US Treasury secretary on Friday. Late on Monday the president-elect pledged, via social media, day-one tariffs of 25 per cent on imports from Canada and Mexico, and an extra 10 per cent on China. His post damped hopes that, after a series of more unorthodox cabinet choices, Bessent might curb the zanier elements of Trump’s economic policy. It is a reminder to investors that regardless of who Trump picks to be around him, he will ultimately call the shots.That US stocks and Treasuries bounced following Bessent’s nomination is not surprising. The hedge fund manager is a pragmatic choice. He has decades of experience in financial markets, is well versed in global finance and economics, and is known to be a measured communicator. The other top contender for the role, Howard Lutnick — who was instead handed the commerce department — would not have gone down as well with investors. The CEO of financial services firm Cantor Fitzgerald is seen as brash, and an ardent backer of Trump’s tariff-raising agenda, which risks raising inflation and igniting trade wars.Bessent, by contrast, has been more ambiguous about the former president’s plans for import duties even while supporting his campaign. Last month he described sweeping tariffs as more of a negotiating tool than an inevitability. Investors are also hopeful that his market experience could help check Trump’s deficit-stretching fiscal agenda. In extremis, those tax and spending plans could add $15tn to America’s debt pile, and foment instability in the $27tn Treasury market.But Trump’s authoritarian approach to policymaking means that even if there is an “adult” in the Treasury, what the president-elect wants matters most. His threat of expedited tariffs on America’s three largest trading partners — tied to accusations of permitting illegal migration and drug trafficking — should be a wake-up call for those clinging to hopes of economic orthodoxy or predictability from Trump’s government. The announcement shows that the president-elect is willing to cause chaos, whether as a negotiating tool or otherwise, to meet his goals. The tariffs would increase costs and raise uncertainty across all economies involved. They would also undermine the trade agreement Trump signed with Canada and Mexico in his first term. Mexico’s president has already hinted at retaliation. Any stabilising influence from Bessent will be limited by other factors too. Economic policy is largely controlled by key roles within the White House, which are yet to be filled. Republican politicians will also have a strong say on fiscal matters. Lutnick and the as yet unnamed US trade representative will oversee tariffs, the most consequential part of Trump’s agenda. If he is voted in, as expected, Bessent may also be wary of rocking the boat. The former president does not treat dissenters lightly. Indeed, Bessent has floated some worryingly unorthodox ideas himself, perhaps to woo Trump. He proposed a “shadow” US Federal Reserve chair, which would undermine the central bank’s independence, though he later backed away from the idea. He also upped his support for tariffs in an article earlier this month.There is at least some solace for investors that Trump chose Bessent rather than an outright ideologue or maverick. It suggests the former president is somewhat sensitive to the stock and bond markets. Akin to Steven Mnuchin, Trump’s first Treasury secretary, Bessent could yet exert some balancing influence behind the scenes. But the lesson for investors to take from the past few days is that major economic policies will be decided on Trump’s whim. Markets need to saddle up for volatility. More

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    in Cryptocurrency

    World of Dypians Announces TGE for WOD Token to Start November 27

    World of Dypians (WoD), one of the most popular MMORPG meta-worlds of the year, has announced it will start the Token Generation Event (TGE) for its utility token, WOD, on November 27, 2024, at 11:00 UTC. The anticipated event will attract gamers and investors worldwide as it unveils the game’s potential. Also, it will cap off a year for World of Dypians, which saw the game win several competitions, attract backers, and raise its community to over 1.25 million players worldwide.World of Dypians is a highly-immersive game built on multiple blockchains. The game stands out from other GameFi projects through its blend of DeFi, NFT, AI, and advanced gaming mechanics. The result is a virtual world where players can engage in PvP battles, quests, missions, and community tasks. Moreover, WoD has a special meta-world area dedicated to its partners and collaborators. Industry-leading brands can advertise, interact with players, and provide updates there. The whole experience enables players to access information while enjoying an entertaining game with rewards.Users can immerse themselves in this unique, virtual adventure by downloading World of Dypians on Epic Games.The WOD token will enter the World of Dypians ecosystem following the TGE on November 27. This event will highlight many of the game’s future opportunities. For example, token holders will be able to use their WOD tokens to stake or participate in the platform’s decision-making process. Furthermore, they can use WOD to buy, sell, or trade NFTs and other in-game items. Therefore, seasoned Dypians, investors, and new players are invited to attend the TGE as early as possible.Users can follow the latest updates on the WOD TGE on the new and enhanced World of Dypians website.The Web3 landscape abounds in Metaverse games with similar mechanics and player engagements. World of Dypians stood out from the crowd from its early beginnings. The team’s unique approach to GameFi has attracted the support of many brands in the blockchain and crypto sectors. That’s how WoD secured over $1.5 million in grants from companies like BNB Chain, SKALE, Core DAO, Manta Network, SPACE ID, Conflux, and Taiko. Additionally, the game rose over $4 million in a funding round with numerous participants, including Castrum Capital, Financial Move, Meu Plano Crypto, Easy2Stake, and IBC Group, among others.The WoD team advanced the game’s development, building a solid ecosystem with unique features and immense potential. Its continuous commitment to innovation and excellence attracted gamers worldwide. As a result, World of Dypians records over 895,000 daily active users and 1.4 million monthly active users. This growing community is also responsible for some of the game’s economic achievements, including 174,467,781+ on-chain transactions and over 320,927 NFTs sold within the game so far.With that support, World of Dypians entered and won some of the industry’s competitions. This year, WoD won the BNB Chain DAU Incentive Program and the Core Ignition Builders’ Program. Also, it championed the Taiko Trailblazers Season 1 and was selected for BNB Chain’s Airdrop Alliance Program, onboarding over 128,658+ on-chain users in the process. Binance later celebrated these achievements by mentioning World of Dypians in its latest Binance Research Report: Navigating Crypto—Industry Map.World of Dypians aims to achieve all the goals it set for its development in an extensive roadmap. The upcoming TGE is one of the important milestones in its plan, but it’s not the only one. The recent launch of the World of Dypians Mini App marked a premiere in the Web3 space as the first mini-app to reward players with weekly USDT rewards directly on Telegram, garnering over 300,000 users in less than a month.WoD plans to release other features into the game following the TGE, including a Crypto Museum that will educate users on cryptocurrencies. A Mall Center will allow users to engage and shop for in-game items. Also, the release of WoD’s first in-game shop will allow users to buy weapons, equipment, and other items for their virtual characters. It’s worth noting that World of Dypians allows users full ownership over their in-game items. Lastly, the WoD team plans to strike new strategic partnerships with important brands in Web3 to create even more earning and advertising opportunities in the game.About World of DypiansWorld of Dypians (WoD) is a MMORPG that combines many elements of the emerging Web3 economy. The game invites players into a fantastic virtual world adorned with unique graphics, DeFi mechanics, AI elements, engaging gameplay, NFTs, and many rewarding opportunities.Users can follow these links and stay up-to-date with the imminent TGE for the WOD token starting on November 27, 2024, at 11:00 UTC at these links: WoD Website | Twitter | Discord | Telegram | GitHub | YouTube | Download on Epic Games |ContactGazmend Micicontact@worldofdypians.comThis article was originally published on Chainwire More

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    in Economy

    Poland backs French effort to kill Mercosur trade deal

    Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Poland has joined a French-led attempt to block an EU free trade deal with Latin American countries that Brussels casts as essential to boosting economic ties at a time of rising global trade tensions.Poland’s Prime Minister Donald Tusk said he wanted to send a “political message” that Warsaw could not accept the current terms of a trade deal that would hurt its agricultural sector. Poland is the EU’s biggest poultry producer.“We will not accept the agreement with South American countries in this [current] form,” Tusk said on Tuesday, adding “many member states share this opinion”. The fate of the Mercosur trade agreement, which has been two decades in the making, hangs in the balance ahead of a meeting of the bloc’s five members — Brazil, Argentina, Uruguay, Paraguay and Bolivia — next week.Last January Emmanuel Macron, president of France, stepped up his opposition to the deal, saying it would cause environmental damage and subject farmers to unfair competition. French President Emmanuel Macron, left, pictured with Poland’s PM Donald Tusk earlier this month, said the deal would cause environmental damage and subject farmers to unfair competition More