Bitcoin bulls are showing a breakout that gold bulls did not, with momentum turning up and a target of 39500 becoming increasingly likely, while gold is expected to continue lower before potentially bouncing back.
The price of Ripple's XRP has surged ahead of the Ripple Swell conference, breaking resistance levels and reaching a high above $0.70, with analysts predicting further bullish movement and the potential for a breakout to $1.
Bitcoin's price surged to over $37,000, triggering a "short squeeze" and liquidating nearly $50 million of bitcoin shorts in a four-hour period, while U.S. SEC's talks with Grayscale added to the bullish momentum, leading to increases in shares of crypto-centric companies.
Polygon Labs is offering grants worth $85 million in its native token, MATIC, to developers working on decentralized finance, gaming, social media, and other projects in its ecosystem.
Bitcoin traders are expressing suspicion about the recent price increase, as the cryptocurrency's open interest reaches $17 billion, leading some to believe that the move is not genuine.
The CLARITY Act of 2023, introduced by US Representatives Zach Nunn and Abigail Spanberger, aims to prohibit US government officials from conducting business with Chinese blockchain companies and from engaging in transactions with iFinex, the parent company of USDT issuer Tether, to safeguard national security intelligence and Americans' private information.
FTT, the native token of the defunct cryptocurrency exchange FTX, has surged 90% after comments from the SEC chairman hinting at a potential reboot of the exchange, although concerns remain about the platform's performance.
Dogecoin could potentially surge by 13% if it surpasses the $0.076 resistance level, according to crypto trader Ali Martinez, who also predicts a bearish outlook for Cardano and a bullish momentum for Uniswap.
Solana ecosystem tokens and meme coins, including Bonk, have seen significant value gains due to Solana's recent rally and increased bullish expectations among investors, with trading volumes and market capitalization nearly tripling over the past week, indicating increased interest in the Solana blockchain and decentralized applications built on the network. The rise in sentiment may be attributed to the introduction of single-sided staking on bonk liquidity pools, allowing traders to earn high yields and improved perceptions following the downfall of former Solana investor Sam Bankman-Fried.
Three altcoins, Chainlink (LINK), Polygon (MATIC), and Solana (SOL), have bullish formations against Bitcoin (BTC) and may outperform it this month.
Shares of U.S. crypto-centric companies are rising in pre-market trading as the price of bitcoin reaches its highest level since May 2022, with companies like Coinbase, MicroStrategy, Marathon Digital, Riot Blockchain, and Robinhood seeing gains.
Gamers are anticipating the release of the trailer for Grand Theft Auto VI (GTA VI), and there are rumors that the game may incorporate an in-game cryptocurrency; however, legal concerns and regulatory ambiguity surrounding cryptocurrency integration in games may deter developers like Rockstar Games from pursuing this feature.
Whales are accumulating the Ethereum-based token Tellor (TRB) as its value surges, with affluent buyers now owning 46% of its total supply, up from 31% seven weeks ago, while The Graph (GRT) also sees increased whale activity and trending keywords include Middle East-based Chain X Game's Revolution Land (REVO) and Ordi (ORDI).
MuesliSwap, a Cardano-based decentralized exchange, plans to open a claims window to refund high slippage losses incurred over a 12-month period, allowing users to automatically connect to the Cardano network and receive the lost ADA tokens.
Bitcoin may be on the verge of a breakout, with a crypto trader predicting a potential price target of $38,000 before reaching $42,000, while Solana (SOL) is expected to trade within a range before moving higher.
Bitcoin prices surge past $36,000 for the first time since May 2022 due to a short squeeze triggered by liquidations and reports of the SEC beginning talks with Grayscale to convert its Bitcoin Trust GBTC into a spot ETF.
Bitcoin (BTC) surged to nearly $37,000, surprising traders and reaching its highest level since early May 2022, with speculation that the bullish tone could be attributed to a potential approval of a U.S. Bitcoin spot price exchange-traded fund (ETF).
SEC Chair Gary Gensler is open to a rebooted crypto exchange FTX as long as its new leadership complies with the law, while also warning that the cryptocurrency industry is still plagued by fraudsters and non-compliant actors.
Ubisoft is partnering with Immutable to create a "Web3 gaming experience" using crypto infrastructure, aiming to provide a new gaming experience with digital ownership and seamless integration of crypto elements for players. The details of the project are not yet disclosed, but it could involve a new blockchain game or an integration into an existing Ubisoft game.
Cathie Wood's ARK Invest purchased over 1 million shares of Robinhood as the trading platform laid out plans for expansion in Europe.
The price of bitcoin touched $36,000 before settling slightly lower, with analysts anticipating the approval of a bitcoin exchange-traded fund (ETF) to boost cryptocurrency investments by opening it up to a broader range of investors.
Bitcoin mining firm Marathon Digital Holdings reported a 467% increase in Bitcoin production and a 400% rise in hashrate in the third quarter of 2023, leading to a surge in revenue and a quarterly profit of $64.1 million.
The price of XRP has remained relatively stagnant, despite the start of Ripple's Swell conference and announcements from HSBC about a new crypto asset custody service; however, there is still anticipation for significant announcements at the conference that could impact the altcoin's price.
Pro-crypto Congressman Tom Emmer has added an amendment to the House GOP spending bill that prevents the SEC from using government funds to pursue crypto companies until Congress determines jurisdiction, a move aimed at protecting the digital asset industry.
The SEC has a window between November 9 and November 17 to potentially approve all 12 pending spot Bitcoin ETF filings, including Grayscale's conversion of its GBTC trust product, with a 90% chance of approval predicted before January 10 next year.
Dogecoin (DOGE) is expected to experience a significant upward movement, with a prediction that it will rally above $0.083 in less than a week, based on the bullish stance of a crypto strategist who believes DOGE will follow the recent gains of other altcoins.
Gemini's decision to restrict outgoing cryptocurrency transfers for its UK users to a list of registered virtual asset service providers (VASPs) under the Travel Rule reflects a worrying trend towards overregulation and hinders users' freedom for self-custody, according to a Trezor analyst.
The upcoming launch of the NFT game Illuvium on the Epic Games Store has caused a surge in the price of the Illuvium token, which rose by nearly 24% after the announcement. The game, built on Ethereum's Immutable X network, features various game styles and NFTs, and will debut its Beta 3: Arena test on November 28. The Epic Games Store has been favorable to games with NFTs and crypto tokens, while rival storefront Steam has regulations against blockchain games.
Economist Nouriel Roubini, who was once critical of cryptocurrencies, is launching his own cryptocurrency, leading to a backlash from Binance CEO Changpeng Zhao.
A provision added to the U.S. House of Representatives' appropriations bill would stop funding for SEC enforcement actions against crypto businesses, with the move targeting SEC Chair Gary Gensler's use of enforcement rather than policy to regulate the industry.
OpenAI has released GPT-4 Turbo, an advanced language model with multimodal capabilities that can perform tasks such as coding assistance, image generation, financial analysis, fashion advice, avatar creation, interactive storytelling, and fitness coaching.
Art technology company Artfi has issued a legal notice to Bored Ape Yacht Club (BAYC) maker Yuga Labs after attendees at the ApeFest event in Hong Kong reported eye injuries, with the company investigating the use of improper lighting that may have caused the incidents.
Stackr Labs raised $5.5 million in a seed round to support team expansion, prepare for the v1 launch of their platform, and expand their developer ecosystem.
U.S. lawmakers have introduced a bill that prohibits federal government officials from conducting business with Chinese blockchain firms, including iFinex, the parent company of Tether, in order to safeguard national security and data privacy. The bill also restricts officials from transacting with The Spartan Network, The Conflux Network, and Red Date Technology Co., and requires the development of a plan to address the risks posed by foreign adversaries' blockchain technologies.
The Securities and Exchange Commission may approve 12 Bitcoin ETF applications, including those from BlackRock and Grayscale, within a small window of time, potentially leading to a significant shift in the market and attracting billions in inflows over the next five years.
Marathon Digital, a major North American bitcoin miner, exceeded earnings estimates in the third quarter but fell short of revenue expectations as it produced 3,490 bitcoins and sold a majority of them to cover operating costs; the company anticipates significant growth in its hash rate, aiming to become the largest publicly traded mining company if it achieves its 2023 guidance.
Chainlink's LINK token has experienced a significant surge in price driven by expectations of real-world asset tokenization and initial signs of institutional adoption, making it the 10th largest cryptocurrency by market capitalization, but the sustainability of the rally remains to be seen.
Bitcoin is approaching the key level of $36,000, supported by consistent buying activity and the possibility of a "Santa Claus rally" driven by a favorable macroeconomic environment, according to Matrixport.
The Ronin network, known for its association with Axie Infinity, is experiencing a surge in activity and wallet addresses following the launch of the game "Pixels," with its native token RON also seeing a significant increase in value.
The U.S. Securities and Exchange Commission (SEC) is in discussions with Grayscale Investments regarding its application to convert its trust product GBTC into a Bitcoin exchange-traded product (ETF), potentially paving the way for increased participation of everyday investors in digital assets.
The United States District Court is seeking the immediate detention of Braden John Karony, CEO of SafeMoon, on charges of fraudulent schemes and financial crimes, including securities fraud, wire fraud, and money laundering, with Karony being accused of diverting and misappropriating millions of dollars for personal gain, posing a flight risk and danger to the community.
Sen. Ted Budd has introduced the Keep Your Coins Act, a bill that aims to protect individuals' rights to self-custody their crypto assets, in response to growing concerns about digital asset management and the need for self-sovereignty in the cryptocurrency industry.
Bitcoin price consolidation within an ascending trendline could result in a test of the $34,000 support level, while Ethereum price may fall out of the supply zone at $1,861, and Ripple price is on a recovery rally and could break past $0.69 depending on market conditions.
Bitcoin ATM providers Athena and Genesis Coin are installing Lightning Network technology on 100 machines across El Salvador, with the remaining machines to be upgraded in the first quarter of 2024, allowing users to send and receive Bitcoin quickly and cheaply.
Crypto exchange Kraken is reportedly in talks with Polygon, Matter Labs, and Nil Foundation to potentially create its own layer-2 network, following rival Coinbase's launch of its layer-2 network, Base, earlier this year.
Bitcoin transaction fees have surged to their highest level since May due to the increased demand for Bitcoin-linked non-fungible tokens (NFTs) called Ordinals, with average fees rising by almost 970% since August; the surge in fees is driven by the growing popularity of Ordinals and its impact on the demand for Bitcoin blockspace.
US Senator Ted Budd has introduced the "Keep Your Coins Act" to protect individuals' right to self-custody Bitcoin and other cryptocurrencies and prevent third-party risks to consumers in the wake of the FTX collapse.
Linekong Interactive, a Beijing-based gaming and film production company, is allocating $15 million to invest in projects building on the Bitcoin network, aiming to accelerate emerging projects in the Bitcoin ecosystem such as asset issuance protocols, trading markets, virtual machines, and more.
Despite winning a court case against the SEC, Ripple's CEO Brad Garlinghouse highlights that some U.S.-based banks are still hesitant to engage with crypto due to the government's hostility, causing Ripple to focus more on expansion in other countries.
The conversion of Ethereum to proof-of-stake has created a native crypto rate that is valuable for benchmarking, research, and risk transfer in various financial sectors, driving demand for an ether staking rate.