Cryptocurrency

Many experts, traders and prominent entrepreneurs in the crypto industry began to express their opinions and projections regarding new all-time highs. However, the most iconic reaction came from former Binance CEO Changpeng Zhao, known as CZ. In a laconic, yet eloquent post, Zhao broke his silence amid Bitcoin’s record-high euphoria with a simple “gm.” It was indeed a good morning when some of the alternative cryptocurrencies, such as UNI of Uniswap or Dogecoin (DOGE), added double digits in a few hours, and Bitcoin itself renewed its historic high for the second time in a year.The entrepreneur, who was just released from U.S. jail after the Binance raid by U.S. law enforcement, said that in his opinion, the crypto market is ruled by four-year cycles. As he presented, 2013, 2017 and 2021 were all bull markets, with years before them serving as a recovery period. In this case, he suggests the idea of a real bull run in 2025, although CZ refrained from making any concrete predictions about it.On the other hand, Zhao confirmed that his long-term outlook is bullish.This article was originally published on U.Today More

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to release CryptoLens AI, a new AI-powered tool developed to streamline and elevate token analysis for crypto investors. Designed to facilitate data-driven decision-making, CryptoLens AI redefines user experience with AI-powered clarity, providing busy traders with straightforward and comprehensive insights in their search for signals amidst the noise in the fast-paced digital asset market. Tasked with analyzing vast data across vectors and simplifying technicalities with large language models, Bybit’s CryptoLens AI complements users’ research into their token of choice. At its core, the powerful tool integrates advanced quantitative analysis in each evaluation to streamline the otherwise labor intensive and time consuming research process.A score is assigned based on a matrix of six factors: social engagements, team and funding, on-chain activity, token activity on Bybit, liquidity and dispersion, and token security. The powerful AI copilot allows users to take a macro view based on concrete token metrics and more nuanced variables, empowering them to rise above the hype. Key Features:The tool is now available for free for registered users on Bybit. Users can discover the potential of CryptoLens AI and take control of their token analysis with confidence: Bybit CryptoLens AI.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

The world’s biggest cryptocurrency rose 7% to $75,060, topping March’s peak, with the prospect of Trump’s return to the White House seen ushering in a softer line on cryptocurrency regulation.Republican Trump won 15 states while Democrat Kamala Harris captured seven states and Washington, D.C., Edison Research projected, and though the race remained too early to call financial markets began moving in the Asia session to price a victory for the former president.Matthew Dibb, chief investment officer at cryptocurrency asset manager Astronaut Capital, said markets expected a change in attitude at the U.S. Securities and Exchange Commission to remove a choke point for crypto innovation and speculation.”(A) Democrat win would have felt like a short term nail in the coffin,” he said. “Probably not the case long term but the market is placing high importance on it.”Smaller cryptocurrency ether also jumped 7.5% but at $2,593 remained well below its 2021 high of $4,867. More

With multiple important levels for investors to keep an eye on, the technical setup as it stands now appears promising. Initially, the immediate support level at $67,663 will be important in assessing whether Bitcoin can continue to gain ground. If it holds steady, this level, which is in line with short-term moving averages, might serve as a launching pad for Bitcoin. A consistent close above this mark would support bullish sentiment and enable Bitcoin to pursue higher goals. The value of $70,000 continues to be a crucial technical and psychological barrier. In addition to signaling renewed buying power, breaking through this level might open the door to a new rally. Historical, selling pressure has been applied to Bitcoin around important round numbers, so breaking through this barrier could indicate a change in market sentiment. Lastly, the next target to keep an eye on would be approximately $73,500 if Bitcoin makes a clean break above $70,000. Clearing this level would pave the way for even greater gains, possibly heading into uncharted territory, but it also represents a higher resistance that might allow traders to take profits. Around the $0.00001750 level, SHIB is currently getting close to a local resistance structure. Breaking above this region, which has served as a barrier in the past, may open the door for more bullish movement. If SHIB is able to overcome this obstacle, it may pursue higher levels; the asset’s next target could be $0.00001850. Aside from technical considerations, whale activity on Shiba Inu has recently increased noticeably. Usually a rise in large transactions indicates increased interest from major players, which has in the past caused a notable price recovery. Given how frequently their movements affect the mood of the entire market, whale participation can be a reliable indicator of price strength. The current rally on SHIB may be sustained if the trend of increased whale activity continues. Even though Shiba Inu”s recovery appears promising, traders should watch for indications of stability at the uptrend support level. For SHIB to continue on its bullish trajectory, this level must be maintained. With encouraging technical indicators and increasing whale interest, SHIB is well-positioned to continue its recovery, and should it be able to break through local resistance zones, possibly see additional price gains. The volume trend has been gradually increasing according to the chart Analysis, suggesting that there is new interest in purchasing DOGE. In the days ahead, price momentum may be strengthened by this increase in volume, which frequently indicates that market participants are becoming more confident. Furthermore, the RSI is centered on the 65 level, which is typically regarded as a strong but not overbought area. This positioning gives DOGE the opportunity to maintain its upward trajectory without immediately facing selling pressure from overbought conditions.Potential resistance for Dogecoin’s price targets is at the $0.18 level, which might be the first obstacle as the upward trend continues. Reaching the $0.20 mark, a psychological barrier that might draw more attention if DOGE continues on its upward trajectory, would be possible after clearing this zone. A break above these levels would reinforce Dogecoin’s bullish outlook and might draw in even more buyers. All things considered, the technical indicators and current price movement point to Dogecoin’s potential for future expansion. A sustained upward move for DOGE could establish a more solid recovery on the larger cryptocurrency market if the volume keeps up with the trend and the RSI stays steady. It is advisable for investors to monitor the $0.18 and $0.20 levels.This article was originally published on U.Today More

The world’s biggest cryptocurrency surged nearly 10% to a record high of $75,071.8.Broader crypto prices also rallied, with world no.2 crypto Ether rising 9.1% to $2,622.90. Meme token Dogecoin surged 23%, amid speculation that Elon Musk had referenced the token during recent campaigning for Trump. Crypto prices shot up as vote counting as of 01:14 ET (06:14 GMT) showed Trump in the lead with 247 electoral votes, while Kamala Harris held 210 votes.Coverage by the Associated Press showed Trump won key battleground states North Carolina and Georgia, and was leading in other swing states including Pennsylvania, Arizona, Nevada and Wisconsin.The Republican party won a majority in the Senate, and was also seen leading in the House of Representatives. A Republican sweep in Congress presents a clear path for Trump to enact major policy changes.Crypto markets cheered the prospect of a Trump presidency, given that he has maintained a largely pro-crypto stance in campaigning, and has also promised to enact friendly regulation for the industry. On the broader policy front, Trump is widely expected to enact inflationary policies, given his protectionist stance on trade and immigration. The dollar surged to near four-month highs on this notion.But Bitcoin largely shrugged off any pressure from a stronger dollar, as markets also positioned for a Federal Reserve meeting later this week, where the central bank is widely expected to cut interest rates by 25 basis points. The longer-term outlook for rates, however, turned less dovish on the prospect of a Trump victory.Broader cryptocurrency prices also rallied tracking Bitcoin, although most altcoins still remained well below their record peaks.SOL jumped 16.8% to an over two-month peak, while ADA rose 10% to a two-week high. MATIC rallied 10% but was trading close to lifetime lows, while XRP rose 5.8% to a two-week high.   More

SP Negócios, São Paulo’s investment and export promotion agency, has partnered with Polkadot to foster innovation among companies in São Paulo.Driven by the growing market demand, Polkadot is increasingly positioning itself as an ally for businesses looking to grow in an innovative, secure, and transparent way. It has been sponsoring educational initiatives through Código Brazuca. Thanks to this, companies and citizens in São Paulo will have access to blockchain programming training through Código Brazuca’s content starting in December. This will be possible through the partnership established with Polkadot / Sunset Labs and São Paulo’s investment and export promotion agency, SP Negócios.The partnership with Polkadot is part of SP Negócios’s strategy to boost the business environment within the crypto economy sector, reinforcing São Paulo as a hub of technology and innovation. Blockchain plays a transformative role in various areas, including decentralized finance, asset tokenization, NFTs, and more. By promoting the training of qualified professionals, SP Negócios seeks to attract investments, foster new startups, and solidify the city as a reference in adopting and developing blockchain-based solutions.About SP NegóciosSP Negócios is an autonomous social service aimed at boosting investments and business in São Paulo. It is linked to the Municipal Secretariat of Economic Development and Employment. The goal is to help São Paulo-based companies conduct more business through exports, innovation and technology, public sector engagement, and improvement of the business environment.About PolkadotPolkadot is an open-source, multichain sharing protocol that facilitates the transfer of any type of data or asset, not just tokens, between networks, making a wide range of blockchains interoperable.ContactPolkadotSão Paulowww.viracomunicacao.com.brclaudia.carnevalli@viracomunicacao.com.brThis article was originally published on Chainwire More

The tweet comes right as the official election day in the U.S. started and the eyes not only of American crypto holders but of the whole world are set on that, as everyone is looking forward to the outcome.Over the last 24 hours, the world’s flagship cryptocurrency, Bitcoin, has demonstrated a 2.88% price increase, rising from the $66,990 zone to the $68,790 level, where it is changing hands at writing time. However, overall, Bitcoin has been striving to surpass the current price mark over the past few days after losing the $71,330 level on Friday last week. Since then, BTC has shed 3.5% in total and has been desperate to regain $70,000.Since August 2020, when the company adopted its Bitcoin strategy of regular BTC accumulations and also issuing debt to buy and hold even more Bitcoin, MicroStrategy’s stock price (MSTR) has seen mind-boggling growth of more than 1,540%, outperforming the S&P 500 index, which has increased by 111% since then.In his weekend tweet, Saylor wrote that MSTR was “in an exclusive relationship with $BTC,” hinting that he owes the company’s success to the bellwether cryptocurrency.Those key principles include buying and holding Bitcoin “indefinitely and exclusively,” “structuring MSTR to outperform Bitcoin via intelligent leverage,” “issuing innovative fixed income securities backed by BTC” and so on.Last week, Saylor stunned the financial world by revealing plans to raise $42 billion over the next three years to buy more Bitcoin for the company.This article was originally published on U.Today More

Interestingly, however, during the same time period, the number of long liquidations, i.e., bullish buyers, amounted to only $1.1 million. Thus, we have an interesting situation where Bitcoin trading has created an 860% imbalance in liquidations – not in favor of bears. The reasons for such a discrepancy, of course, should be sought on the price chart of the main cryptocurrency. Of course, as a result of such a powerful not only technical, but also fundamental, move, bears’ short positions could not withstand it and were liquidated in a cascade. The funny thing is that it probably also helped the price of Bitcoin to rise so high in such a short period of time. Now, the price of BTC has rolled back to levels below $70,000 per coin, and according to open interest data, no one is in a hurry to open new positions.This article was originally published on U.Today More