Aurelia Butler

The ADA price rose 44% this week, bringing the month-to-date increase to 150%. The token’s market valuation has risen to $30.8 billion, making it the world’s ninth-largest digital asset, according to CoinMarketCap data.If today closes in green, ADA will have gained for five days in a row. With $1 firmly in sight, the focus is on where the ADA price might go next. According to Santiment, Cardano’s potential growth is closely tied to a crucial Bitcoin support level. Santiment noted that as long as BTC maintains a support level of around $95,000, November could see continued gains for ADA as profits continue redistributing to altcoins.This article was originally published on U.Today More

For clarity, the index measures crypto market sentiment to gain insights into investors’ dispositions toward different assets. It is graded on a zero scale, implying “extreme fear,” to 100, indicating “extreme greed.” Thus, a score of 94 shows that market participants have become highly optimistic and confident about Bitcoin’s price movement. This ecstatic feeling usually triggers increased speculation of future prices and strong buying activity in anticipation.As of this writing, Bitcoin was changing hands for $98,600.30, representing a 0.49% increase in the last 24 hours. With approximately $1,400 from hitting $100,000, many investors speculate and “wish” the leading digital currency would cross the historic milestone.Market analysts say these speculations might have caused the huge spike in the fear and greed index. They emphasized that Bitcoin’s high price has made many investors accumulate the coin and other bullish assets. These investors fear they could miss out on further gains if further price appreciation occurs.Interestingly, with Bitcoin’s price near the significant psychological level of $100,000, some believe that the score of 94 represents a bullish signal that might fuel further upticks.While crypto trading lacks predictability, expert opinions agree that investors should exercise caution as they trade. Investors have been urged to keep a keen eye on market trends, especially a sharp reversal in BTC’s price.This article was originally published on U.Today More

Sui drives blockchain innovation with support from global leader in asset managementThe Sui Foundation, the independent organization dedicated to the advancement and adoption of Sui, the innovative Layer 1 and smart contract platform, today announced a strategic partnership with Franklin Templeton Digital Assets. Franklin Templeton Digital Assets has been investing in the Sui ecosystem, and believes this strategic partnership will provide further benefit toward that effort by seeking value creation opportunities to allow builders of Sui blockchain-based solutions to deploy novel technologies leveraging the Sui blockchain protocol. As a secure and scalable platform for building the future of intelligent assets, Sui has already become a premier destination for application builders in gaming, DeFi, memecoins, as well as real-world applications such as 3D printing and tokenized securities. Most recently, native USDC launched on Sui, enabling users to have direct access to one of the most widely used stablecoins globally while removing the added complexities and risks caused by bridged assets.ContactSui Foundationmedia@sui.ioThis article was originally published on Chainwire More

While Musk boasts an account with the largest follower count, his fans on X largely remain meme lovers, and they respond actively every time the tech mogul posts something related to memes, including his frequent tweets about the meme cryptocurrency Dogecoin.The text on the image says: “Citizens of Earth. Give us your memes.”The community eagerly responded, posting memes for “the aliens.” Many of them contained ones about Dogecoin. The official account of major U.S.-based cryptocurrency exchange Kraken also posted a reply, saying: “There is no meme. Only Bitcoin.” It also posted an animated GIF with a long green Bitcoin candle to remind everyone that BTC has come really close to hitting the $100,000 level today.This time, Musk also published a photo of himself dressed in a suit with a bow tie and a white shirt, resembling the main character of the book/movie, in which Michael Corleone was played by a young Al Pacino.This tweet garnered 772,000 likes, 13,000 bookmarks, it was retweeted 63,000 times and commented on 18,000 times. Back in April 2021, this post, along with Musk’s hosting Saturday Night Live, pushed the Dogecoin price to an all-time high of $0.70. This time, many believe, the tech billionaire hinted at his new brainchild, D.O.G.E., or the U.S. Department of Government Efficiency, which he now spearheads to cut down extensive governmental spending.This week, Dogecoin demonstrated a roughly 16.8% increase within a single day, hitting a local high of $0.41361.This article was originally published on U.Today More

This November marked the second anniversary of FTX’s bankruptcy filing, which upended the industry and drove Bitcoin to new lows. However, in keeping with its cyclical character, cryptocurrency received much attention this year.Bitcoin flirted with a run toward the $100,000 mark, reaching an all-time high. The largest digital asset traded up 2.34% to $99,050 at the time of writing, having previously reached a record $99,543. Since the first week of November, the cryptocurrency market has gained over $1 trillion.Bitcoin’s current trajectory could indicate that the cryptocurrency market has fully recovered from the events of 2022. With the bull market back in full swing, two years after FTX, crypto remains eternally transformed.Bitcoin’s recent run near $100,000 has been buoyed by recent optimism in the crypto market. If today closes in green, Bitcoin will mark its fifth day of gains.The most recent US developments included Securities and Exchange Commission Chair Gary Gensler’s decision to step down on Jan. 20. Gensler’s tenure was marked by a flurry of SEC crypto enforcement actions, which the industry anticipates will subside.Bitcoin treasury company MicroStrategy plans to accelerate purchases of the coin, and the debut of options on U.S. Bitcoin exchange-traded funds also lifted sentiment this week. In recent weeks, a group of a dozen U.S. ETFs that invest in Bitcoin received a net inflow of more than $6.8 billion. The group’s total assets have exceeded $100 billion.This article was originally published on U.Today More