Cryptocurrency

The move upwards pushed EOS’s market cap up to $1.2117B, or 0.04% of the total cryptocurrency market cap. At its highest, EOS’s market cap was $17.5290B.EOS had traded in a range of $0.7440 to $0.8183 in the previous twenty-four hours.Over the past seven days, EOS has seen a rise in value, as it gained 33.25%. The volume of EOS traded in the twenty-four hours to time of writing was $517.7721M or 0.23% of the total volume of all cryptocurrencies. It has traded in a range of $0.6056 to $0.8183 in the past 7 days.At its current price, EOS is still down 96.58% from its all-time high of $22.98 set on April 29, 2018.Bitcoin was last at $98,416.7 on the Investing.com Index, down 0.23% on the day.Ethereum was trading at $3,333.23 on the Investing.com Index, a gain of 0.36%.Bitcoin’s market cap was last at $1,953.0042B or 58.54% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $402.5325B or 12.06% of the total cryptocurrency market value. More

NEW YORK/LONDON (Reuters) -Bitcoin touched a record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.It has more than doubled in value this year and is up about 45% since Trump’s sweeping election victory on Nov. 5, when voters also elected a slew of pro-crypto lawmakers to Congress. The cryptocurrency’s gains, however, were more measured on Friday. After touching a fresh record high above $99,800, bitcoin pulled back a touch to trade up 1.33% on the day, around $99,383. Still, the momentum for further gains appeared strong with bitcoin poised for a third straight week of plus-10% gains. It was also on track for its best monthly performance since February.Its surge has made bitcoin one of the standout winners of so-called Trump trades – assets that are seen as winning or losing from the Republican president’s policies.The cryptocurrency also appears on the cusp of mainstream acceptance since its creation 16 years ago. “The longer it survives it is taken more seriously, that’s just the reality of things,” said Shane Oliver, chief economist and head of investment strategy at AMP (OTC:AMLTF) Sydney.”As an economist and investor I find it very hard to value it … it’s anyone’s guess. But it does have a momentum aspect to it and at the moment the momentum is up.”Indeed, bitcoin is up around 130% this year. Trump embraced digital assets during his campaign, promising to make the United States the “crypto capital of the planet” and to accumulate a national stockpile of bitcoin.Crypto investors see an end to increased scrutiny from the U.S. Securities and Exchange Commission after Chair Gary Gensler said on Thursday he would step down in January when Trump takes office.Under Gensler, the SEC sued exchange Coinbase (NASDAQ:COIN), Kraken, Binance and others, alleging that their failure to register with the agency violated SEC rules, accusations the companies deny and are fighting in court.Still, the approval of U.S.-listed bitcoin exchange-traded funds in January this year helped boost the market.The SEC had long attempted to block ETFs from investing in bitcoin, citing investor protection concerns, but the products have allowed more investors, including institutional investors, to gain exposure to bitcoin. More than $4 billion has streamed in to U.S.-listed bitcoin exchange-traded funds since the election.U.S.-listed crypto stocks, which have rallied in recent days, were steadier on Friday as the price surge paused. But people were continuing to trade. Software (ETR:SOWGn) firm Microstrategy (NASDAQ:MSTR) which has repeatedly raised funds to buy bitcoin, and is a major holder of the asset, closed 6.2% higher on Friday. More

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The memecoin market is evolving rapidly, with Pepeto ($PEPETO) emerging as a project focused on supporting and integrating all memecoins through its multifaceted ecosystem. Offering features such as a zero-fee trading platform, a blockchain bridge, and a swap solution, Pepeto aims to enhance interoperability, accessibility, and liquidity in the memecoin space.With its presale price currently set at $0.000000093 and a total token supply of 420 trillion, matching that of Pepe, Pepeto seeks to establish itself as a competitive player in the memecoin ecosystem as it builds out its platform.A Revolutionary Ecosystem for MemecoinsPepeto distinguishes itself with an ecosystem designed to address the unique challenges of the memecoin market:Pepeto Hits $600K in Viral Crypto Presale Pepeto’s presale has reached a remarkable milestone, surpassing $600,000, which the team sees as a reflection of strong community interest. Positioned as an early-stage project with a presale price of $0.000000093, Pepeto’s total supply of 420 trillion tokens mirrors the well-known Pepe coin. This milestone highlights the growing engagement around Pepeto’s ecosystem-driven approach.Tokenomics Supporting Community GrowthPepeto’s token distribution strategy reflects its commitment to balanced growth:A Growing Community and Early OpportunitiesX POST: https://x.com/Pepetocoin/status/1859961228304769189With a focus on utility and scalability, Pepeto is positioning itself as a significant player in the memecoin space. The project has attracted a rapidly expanding community and is preparing for the anticipated 2025 bull run by enhancing its ecosystem for both new and established memecoins.ConclusionAs the crypto market prepares for its next cycle, Pepeto positions itself as a project focused on integrating memecoins within its ecosystem. By offering tools such as a blockchain bridge, exchange, and zero-fee listing platform, Pepeto aims to provide practical value to users and developers. The project’s mission to support interoperability and accessibility underscores its vision for long-term utility in the memecoin space.About PepetoPepeto is a memecoin project designed to integrate cross-chain utility with community-driven development. Offering zero-fee trading, blockchain bridge functionality, and a staking rewards program, Pepeto seeks to combine accessibility with practical features. The project emphasizes interoperability and long-term value, fostering a dedicated user base through its ecosystem innovations and community-focused approach.For more information about Pepeto, users can visit the official website https://pepeto.ioDisclaimerPepeto.io is the sole official platform for purchasing Pepeto tokens. Investors are encouraged to exercise caution and avoid unofficial sites. For accurate information, visit https://pepeto.io.ContactHead of MKBaker Ucciocontact@pepeto.ioThis article was originally published on Chainwire More

Bitcoin’s hashrate has achieved new highs, marking a significant milestone for the cryptocurrency’s network security and mining efficiency. Hashrate refers to the total computing power of all Bitcoin miners, and the current peak indicates that there have never been more miners online, actively securing the network.According to a new CryptoQuant report, this increase in hashrate comes after a drop following the latest Bitcoin halving event.CryptoQuant noted that after the halving in April 2024, there was a considerable fall in hashrate, but with the replacement and upgrading of existing mining equipment, the hashrate began to rise upward beginning in July. In April, the Bitcoin code automatically reduced fresh issuance of the world’s largest cryptocurrency in half, a process that occurs every four years to create scarcity.Currently, miners are operating their mining rigs more actively than ever before. Mining activity appears to be increasing in the United States, which could be attributed to the current favorable sentiment on the market.The price of Bitcoin was last up 0.3% at $97,569, according to CoinMarketCap data. Earlier, it rose as high as $99,500. The most recent U.S. developments include Securities and Exchange Commission Chair Gary Gensler’s decision to resign on Jan. 20. Gensler’s tenure was highlighted by a flurry of SEC cryptocurrency enforcement proceedings, which the industry expects to subside.Bitcoin treasury company MicroStrategy intends to accelerate purchases of the coin, and the launch 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 had a net inflow of more than $6.8 billion. The group’s overall assets surpass $100 billion.This article was originally published on U.Today More

On the XRP vs. BTC chart, the 50-day SMA has turned up and looks set to move above the 200-day SMA in the coming days. Both moving averages are already converging, suggesting that a golden cross is imminent. For XRP, this could herald further price gains against Bitcoin, especially if the broader cryptocurrency market remains favorable.The potential for a golden cross comes at a time when XRP and other altcoins are experiencing rallies.According to Santiment, “While eyes have been on Bitcoin making history, altcoins like XRP are growing their respective market caps rapidly. As long as BTC maintains a $95,000 support, expect November profits to continue redistributing to altcoins.”XRP has been rising against Bitcoin since Nov. 12, reaching a high of $0.00001522 in today’s trading session, a level not seen since early December 2023.Select altcoins soared in the last 24 hours after SEC Chair Gary Gensler announced that he plans to step down.XRP increased by as much as 30% on Friday following Gensler’s statement the day before. Ripple has been involved in a lengthy legal battle with the SEC over the status of digital assets.At the time of writing, XRP was up 25.76% in the last 24 hours to $1.42. Bitcoin traded at $97,563 after reaching all-time highs of $99,543.This article was originally published on U.Today More

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