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The trader who called for a crypto collapse in May 2021 says Bitcoin's 160% rally is 'totally doable' – here's why
A top crypto analyst known for predicting the May 2021 Bitcoin crash believes Bitcoin could reach six digits this market cycle. A pseudonymous trader known as Dave the Wave tells his 146,800 followers on social media platform X that Elliott Wave theory shows Bitcoin could rise 160%. In Elliott Wave Theory, bullish assets are subject to a 5-wave rally where waves 1, 3, and 5 represent an impulse move to the upside, and waves 2 and 4 act as correction periods. He says he tends to see it. “BTC price is already up 4.6x from its bottom, and an additional…
The Ohio Senate race between incumbent Sen. Sherrod Brown (D-Ohio) and Republican Bernie Moreno is currently the most expensive race in U.S. history with a total of more than $400 million. There is.The role of virtual currency will be central to this high-stakes election. The economic influence of supporters has sparked debates over regulation and transparency. Both sides have been vocal about what this means not only for Ohioans, but for the future of crypto regulation across the country.Mark Hayes, senior policy analyst at Americans for Financial Reform and the advocacy group Demand Progress, expressed skepticism about the flow of…
Ethereum's price is expected to rise due to the heated US election. New cipher draws whale, rivals sui
Sponsored post* Ethereum’s price could be poised for a rally as the US election fuels market excitement. And a new player to watch is Rollbrock. Currently in its seventh pre-sale stage and trading at just $0.032, the new cryptocurrency has already raised nearly $5 million from eager investors and is attracting attention from rival projects like Kujira and Sui. are collecting. If you're wondering where the next big opportunity lies, this could be your chance to jump into a promising token before the rest of the market catches on. New crypto roll block lures whales into attention as election frenzy…
TL;DR Ethereum (ETH) is up about 6% weekly, with analysts predicting it could rise above $4,000. Bullish on-chain indicators and positive sentiment on platforms like Telegram support the hypothesis of an upcoming resurgence. Is it time for ETH to shine? The crypto sector has been in free fall in recent days, with Bitcoin (BTC) at one point exceeding $73,500 and Dogecoin (DOGE) hitting a six-month high of around $0.18. second largest digital asset in conditions of The market capitalization of Ethereum (ETH) is also trending well, albeit with a slight increase. It is currently trading at around $2,700, representing a…
EUR/USD is attracting new sellers on Thursday as the US dollar strengthens modestly. The US dollar benefits from bets that the Fed will cut interest rates less and US Treasury yields will rise. A lower likelihood of aggressive ECB easing could limit losses for the currency pair. EUR/USD encountered some supply during Thursday's Asian session, eroding some of the previous day's gains to the 1.0870 area, the highest in a week and a half. The decline was fueled by the appearance of some US dollar (USD) bullish buying, pushing spot prices below the mid-1.0800 range over the past hour. Newly…
Elliott Wave Analysis TradingLounge. XRP/USD (XRPUSD). XRP/USD Elliott Wave Technical Analysis function: counter trend. mode: Fixed. structure: Double correction. position: Wave ((Y)). Direction of next highest degree: Impulse Wave II. Wave cancellation invalidity level: detail: Wave II is likely to be completed, and prices are likely to rise in wave III. XRP/USD (XRPUSD) trading strategy: Since the second wave correction appears to be over, we will focus on the wave 5 rally of the third wave. The price action is still in an uptrend and is looking for a re-entry into the trend. XRP/USD (XRPUSD) technical indicators: Price is below…
In 2008, Satoshi Nakamoto published the Bitcoin whitepaper with the aim of creating a system that would replace the need for central authorities such as banks and financial institutions to facilitate transactions. The nine-page document, called “Bitcoin: A Peer-to-Peer Electronic Cash System,” contains detailed instructions on how to make payments directly to each other based on cryptographic proofs, without relying on third-party intermediaries. I did. Since then, Bitcoin has grown from $0.05816 in 2010 to $72,500 today, making it one of the world's largest asset classes. As we celebrate the 16th anniversary of the Bitcoin Whitepaper, let's take a look…
Important points Reddit sold its Bitcoin and Ethereum holdings in Q3 2023 before the latest price surge. The company's new investment policy restricts cryptocurrency assets and requires board approval. Share this article According to the SEC, social media giant Reddit has significantly reduced its cryptocurrency holdings. filing It was released yesterday.Reddit sold most of its Bitcoin and Ethereum holdings in the third quarter, selling the assets just before Bitcoin's surge in October.This week, Bitcoin hit an all-time high of $73,569, just $168 shy of its all-time high of $73,737. However, Reddit decided to liquidate its cryptocurrency holdings when Bitcoin was…
Morph, the globally recognized platform for advancing blockchain adoption, has officially launched its mainnet on Ethereum. This is a significant development in our efforts to create a blockchain experience that is accessible to mainstream users. The launch of Morph mainnet introduces a consumer base designed to overcome common adoption barriers by allowing participants to trade real assets and participate in a variety of blockchain transactions . With mainnet now live, projects already developed on Morph can seamlessly migrate to this broader ecosystem, increasing user engagement and accelerating the growth of the consumer-centric platform. There is a possibility that Transforming blockchain…
Robin Food's cryptocurrency trading volume doubled in the third quarter. CFO says that October is expected to exceed $ 5 billion in the quarterly the average quarterly -Robin Food Markets (NASDAQ: HOOD)
Robinhood Markets Co., Ltd. hood In the third quarter, the transaction volume of cryptocurrencies has doubled. what happened: The company issued a financial report after the end of Wednesday, revealing that the virtual currency's assumed original trading volume increased 112 % year -on -year to $ 14.4 billion. Jason WarnicThe Supreme Finance Officer stated at a financial account, saying that the assumed principal would exceed the $ 5 billion of $ 5 billion in October alone, exceeding the monthly average in the third quarter. With the rapid increase in transactions, cryptocurrency -related revenue increased 165% year -on -year to $…