Cryptocurrency

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The price of Bitcoin has been testing significant resistance in the last few days, and the accompanying chart indicates that this level is almost at the top of the cryptocurrency’s long-term declining channel at $66,000. This level has frequently served as a ceiling for Bitcoin, as it has never been able to decisively break past it. But recent signs suggest that the market may be changing.For example, the spot premiums for Bitcoin and Ethereum are declining, which has not happened since June. The digital asset may be about to witness a major development, as indicated by this and the ongoing increase in the global M2 money supply, which is directly related to Bitcoin’s liquidity.The amount of $66,000 is the immediate resistance and one of the key price levels to keep an eye on. A bullish breakout may be indicated if Bitcoin is able to break above this level with significant volume. Traders are monitoring $62,000 as a critical support level in case of a decline. Subsequent collapses may point to a more significant adjustment. Last but not least, there is still psychological resistance at $60,000, and a decline below it may result in additional losses as traders reevaluate their holdings.The narrative surrounding the Bitcoin rally is further reinforced by the global liquidity index hitting new highs. This implies that market liquidity is sufficient to sustain additional price increases which, if the trend continues, could drive Bitcoin toward new all-time highs. But volatility is to be expected, so the next few weeks will be crucial for the movement of Bitcoin’s price.Even though there is a chance to break the one-year cycle, a lot will depend on how Bitcoin handles these crucial price points.This article was originally published on U.Today More

The public sale started today and was open exclusively to participants who have qualified through a whitelist process that kicked off in September.The project sold over 220 million tokens to more than 1,700 unique wallets within the first 20 minutes.Despite a series of website outages during the rollout, nearly 2,900 investors managed to acquire 344 million tokens within the first hour.Due to regulatory constraints in the U.S., the sale is limited to accredited investors, as defined by the Securities and Exchange Commission (SEC).To qualify, investors must have a net worth over $1 million (not counting their home) or an annual income of at least $200,000 (or $300,000 with a spouse) for the past two years.The WLFI coin is the governance token for the DeFi platform, which enables investors to borrow, lend, and earn interest.Trump and his team have set an ambitious goal of raising $300 million, with 100,000 accredited U.S. investors already whitelisted ahead of the launch.The WLFI token stands apart from traditional cryptocurrencies like Bitcoin because it is non-transferable and doesn’t generate any yield.Moreover, 63% of the total token supply is reserved exclusively for accredited investors, restricting access to a select group.The DeFi project is fronted by Eric Trump, Donald Trump’s son, and was first announced in August. Eric Trump referred to World Liberty Financial as “digital real estate,” positioning the Ethereum-based project as an ambitious competitor in the DeFi space.In a recent blog post, World Liberty Financial stated its goal to become a global “one-stop shop for DeFi,” competing with established decentralized platforms like Uniswap. More

Mow also accompanied his tweet with a picture to illustrate his thought as best as possible.In one of the tweets published earlier, the JAN3 CEO explained that an Omega candle would be a huge candle on a Bitcoin chart that would propel BTC’s growth to a high extent, and it usually happens unexpectedly.Another Bitcoin evangelist and BTC advisor to the president of El Salvador Max Keiser prefers to call this a “God candle.” This year, he has also tweeted multiple times that a God Bitcoin candle is inevitable.According to Mow’s earlier tweets, the Omega candle that he expects is bound to lead Bitcoin to the $1 million price mark inevitably. As the year started, Mow reckoned that spot Bitcoin ETFs approved by the Securities and Exchange Commission in January would create a BTC demand shock, while the Bitcoin halving (which took place on April 20) would create a supply shock for BTC. Once these two shocks clash against each other, an Omega candle should emerge, he tweeted.Since then, Bitcoin has been pushed down by almost 1.5%, and it is currently changing hands at $65,525 per coin.Still, the famous investor and author of the “Rich Dad Poor Dad” book, Robert Kiyosaki, recently tweeted that he expects Bitcoin to hit $500,000 next year and very likely to reach $1 million by 2030 since, by that time, AI will have disturbed the world of finance greatly. Kiyosaki cited a book, “Money GPT” authored by his friend-writer that is allegedly about to come out, where the author explores the potential impact of ChatGPT and other AI bots on financial markets and trading in general.This article was originally published on U.Today More

He said that, in his opinion, it would be great for Bitcoin to drop to the $60,000 price level and shatter the hopes of the community. However, he mentioned that after this drop, BTC would rebound to $66,000 and then see another drop toward $57,000. After that, the Bitcoin price would finally break out toward $78,000.This surprising-yet-crucial take from Martinez seemed confusing at the time. However, Bitcoin is surprisingly following this same path. In the last few weeks, the leading cryptocurrency actually witnessed a drop to $60,000 before rebounding to $66,000 and again retracing to $57,000. The first three points from Martinez’s prediction have come to fruition.Bitcoin, as of writing time, is trading at $65,673 after an increase of 1.18% in the last 24 hours. The cryptocurrency is already up 9.45% in value over the last 30 days. The current sentiment on the market is very bullish, and seeing the anticipation around the “Uptober” theory, it is likely that BTC is on the verge of hitting a new all-time high.This article was originally published on U.Today More

Per the CoinGlass data, Bitcoin has recorded liquidations of $48.62 million in the past 24 hours. The short traders suffered the most, losing over $41.9 million in anticipation that BTC’s price would keep falling. The long traders suffered a $6.67 million liquidation within the same time frame.Ethereum also recorded a similar trend, as its $30.22 million came mostly from short traders. These traders saw a liquidation amount worth $23 million, with long traders scoring $7.21 million in liquidation. Solana has also recorded visible liquidation. Some altcoins like BOME, 1000PEPE and REEF have had it worse than Solana over a 24-hour period.With a total of $6.48 million in liquidation, Solana has also registered a negative trend for its short traders.Ethereum and Solana’s prices have soared by 2.98% and 1.14% to $2,616 and $155, respectively. If the current sentiment around Bitcoin’s price is sustained, the digital currency ecosystem will likely maintain its bullish rally for much longer. Ultimately, the price may hit a $50 trillion market capitalization overall, as predicted by BlackRock (NYSE:BLK).This projection may trigger an even higher round of crypto liquidation.This article was originally published on U.Today More

Popular Memecoins continue to play an influential role in the cryptocurrency market. For exchanges like MEXC, these assets not only increase platform visibility but also provide valuable data on user activity and trading volumes. According to CoinGecko, MEXC ranks as the top platform globally for Memecoin offerings, with over 240 listed pairs, positioning it as the leader in Memecoin variety.With a comprehensive selection of cryptocurrencies, MEXC has emerged as an industry frontrunner. The exchange offers over 3,000 spot trading pairs and more than 500 futures pairs, allowing users to access a diverse range of trading options. This extensive variety appeals to the growing number of users seeking to explore different asset classes, particularly Memecoins.Understanding MemecoinsMemecoins are a unique type of cryptocurrency influenced by internet culture and social media trends. Typically community-driven and high in volatility, Memecoins often embody humor or satirical elements from popular internet memes. While their value can fluctuate based on market sentiment, Memecoins remain popular among certain investor groups, though caution is advised due to their inherent risks and limited practical application.Market Movements and Earning Potential on MEXCData from MEXC indicates notable price surges among Memecoins. For instance, the top 15 Memecoins on MEXC have recorded gains of over 1,400%, with the top 5 seeing increases exceeding 28,000%. MEXC’s rapid listing mechanism is designed to support new and emerging Memecoins, allowing users to trade these tokens in their early stages.One notable example is the BONK token, which MEXC listed in early January 2023. Initially priced at 0.075 USDT, BONK reached a high of 0.05139 USDT on its launch day, resulting in a 2,680% increase. Although the token later experienced price adjustments due to market volatility, BONK’s price surged again following its listing on Binance in December 2023, recording a significant gain from its initial price.Similarly, the recently listed NeiroCTO token saw impressive growth following its initial MEXC listing. Starting at 0.0{4}5 USDT, NeiroCTO surged to a peak of 0.00044012 USDT, yielding a 780.24% increase. MEXC users benefit from such early access, as the platform’s efficient listing process enables them to capitalize on potential market movements.Advantages of Trading on MEXCMEXC has built a reputation as a secure and reliable exchange for users around the globe. The platform offers several advantages:DisclaimerCryptocurrency and Memecoin investments carry significant risks, and past performance is not indicative of future results. MEXC encourages traders to conduct their own research and carefully assess their risk tolerance.ContactOperation ManagerLuciaMEXCLucia.hu@mexc.comThis article was originally published on Chainwire More

With the cryptocurrency market entering the final quarter of the year with major bullish momentum, the emerging altcoin platform DTX Exchange (DTX) has made a strong impact. The DeFi platform has raised over $4.75 Million weeks earlier than expected. This early success reflects growing interest in platforms that offer access to a diverse range of assets, including cryptocurrencies, equities, and real-world assets (RWA), under a unified trading system.Innovative Multi-Asset Platform Meeting Market DemandDespite the entry of financial giants like Blackrock (NYSE:BLK) and Morgan Stanley into the decentralized world, there is still a lack of a unified platform that integrates conventional assets like equities, stocks, and bonds with decentralized assets like cryptocurrencies. DTX Exchange has aimed to bridge the gap between traditional and decentralized financial markets by allowing users to trade over 100,000 assets on a single platform. This innovative solution makes it possible for traders to access a wide variety of assets under a single platform with minimal trading fees. The global cryptocurrency industry is worth $2 trillion alone, with the broader equities market having over $90 trillion worth of assets. By enabling the trading of these assets, DTX provides traders with the chance to enhance liquidity. The DTX team aims to attract the attention of millions of retail and enterprise traders through this unique feature.VulcanX Blockchain – This privacy blockchain powers the DTX ecosystem and is the first unified blockchain to support conventional financial assets. With a throughput of over 100,000, this blockchain is expected to power the next decentralized applications of the future. DTX Unified Wallet – The DTX Unified Wallet is the first crypto wallet to support forex, equities, and crypto assets under a single secure application. The product is expected to add features like P2P asset trading and portfolio management tools. Enterprise RWA Platform – DTX is onboarding conventional assets on the blockchain through the Real World Assets (RWA) builder platform.Given the rapid pace of the presale sold, the altcoin could mirror the past trajectory of other cryptos that had exponential rallies. In the past, projects like Solana, Cardano, Polygon, and Dogecoin have all surged from small-scale altcoins into multi-billion dollar projects that have become household names. DTX Exchange aims to fulfill its potential and turn into a major powerhouse in the coming months.Investors can still become an early part of the DTX Exchange community. With a current price of $0.08 and a listing price of $0.20, investors are poised to enjoy growth in value in the coming months. With broad applications for the financial sector, DTX aims to become the cornerstone of the DeFi industry and carve out a sizeable portion of the $2 Trillion trading industry.Users can learn more:Users can buy Presale hereUsers can visit DTX Website hereUsers can join The DTX CommunityContactDTX Exchangedtxinnovations@gmail.comThis article was originally published on Chainwire More