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Bitcoin traders are bracing for increased volatility as the Nov. 5 U.S. presidential election approaches, with price fluctuations expected to be as high as 20%, according to data from DeFi derivatives platform Derive.“Our latest trading analysis reveals some compelling insights into market dynamics as we approach key financial events,” said Nick Forster, founder of Derive. . decryption on monday.The data shows that bets are concentrated around $80,000. Bitcoin There is strong strike price and short-term call selling as traders use option premiums to protect against possible price movements.Bitcoin temporarily broke out $70,000 On Monday, it reached levels recorded in early…

The Ethereum whale in the 2014 ICO recently sold 3,000 ETH for approximately $7.64 million on October 24, 2024, following a sale of 7,000 ETH in July when the price fell by 15%. After this latest transaction, the whale still holds approximately 37,070 ETH, worth approximately $93.8 million. Initially, they acquired 254,908 ETH for just $79,000, bringing their current total amount to over $646 million. Since this recent sell-off, the price of Ethereum has fallen by approximately 2.15%. Signal of a bearish outlook: Ethereum’s Coinbase Premium Index is negative The negative ETH Coinbase Premium Index, currently at -2,…

Despite the bearish claims, new on-chain indicators indicate that Ethereum may be poised for a comeback. With daily trading volume reaching $12.2 billion, ETH activity has outpaced rivals such as Solana, indicating continued demand as analysts predict a reversal. Weekly Stochastic Indicator Shows Ethereum Bottom According to Coingape, several market analysts have expressed their support for Solana, as the world's largest altcoin has received increasing calls to compare it with Ethereum. 10X Research report states that ETH weekly stochastic indicators show the altcoin is forming a bottom. After falling below 10%, the indicator again shows…

Despite the bearish claims, new on-chain indicators indicate that Ethereum may be poised for a comeback. With daily trading volume reaching $12.2 billion, ETH activity has outpaced rivals such as Solana, indicating continued demand as analysts predict a reversal. Weekly Stochastic Indicator Shows Ethereum Bottom According to Coingape, several market analysts have expressed their support for Solana, as the world's largest altcoin has received increasing calls to compare it with Ethereum. 10X Research report states that ETH weekly stochastic indicators show the altcoin is forming a bottom. After falling below 10%, the indicator again shows…

Major cryptocurrencies soared on Monday. Bitcoin After a 5-month hiatus, it has surpassed $70,000. cryptocurrencyGain +/-Prices (recorded at 8:30 p.m. EDT)Bitcoin BTC/USD+2.66%$69,676.63Ethereum ETH/USD +1.26%$2,535.14dogecoin doge/usd +14.54%$0.1641 what happened: The world's largest cryptocurrency topped an elusive level late in the evening, riding on strong momentum from the weekend. According to data from CoinMarketCap, BTC hit a high of $70,212.27 during intraday trading. It is pertinent to mention that apex coin is currently trading almost 5.3% below its all-time high of $73,750.07, set eight months ago on March 14, 2024. Ethereum After being flat for the first half of the day, it…

VICTORIA, Seychelles, October 28, 2024 (Globe Newswire) — Bitget, the world's leading crypto exchange and Web3 company, releases its Q3 2024 Transparency Report, highlighting user growth, We introduced significant progress in our token offering, strategic initiatives. Bitget has strengthened its position as one of the top global players in the cryptocurrency industry with a focus on improving financial accessibility and advancing blockchain technology. Key highlights of Q3 2024: The number of users exceeds 45 million, strengthening our position in the market In Q3 2024, Bitget achieved more milestones than: 45 million registered users globally, 4th largest cryptocurrency exchange by trading…

Solana (SOL) price is approaching a potential valuation of $2,000, but market predictions still threaten to surpass Ethereum (ETH)'s dominance in the blockchain space. On the other hand, AI Ethereum token is Wallitt IQ (WLTQ) is also making waves, and has set an astonishing goal of reaching a market capitalization of $100 billion. Analysts believe this new conflict could change the future of decentralized finance. AI Ethereum Token WallitIQ (WLTQ) Shakes the Market with Market Cap Target Wallitt IQ (WLTQ) is revolutionizing the world of cryptocurrencies with its AI-driven decentralized wallet and cutting-edge machine learning technology. Experts predict that this…

Election uncertainty, the “Trump trade” saga, and historically favorable Q4 conditions lead to turbulent conditions for Bitcoin (BTC) in the coming weeks, according to the latest Bitfinex Alpha It is said that this has created a “perfect storm” for market movements. report. According to the report, Bitcoin has already seen a “whip-like” price move in the lead-up to the US election, following a 6% correction last week after Bitcoin neared $70,000. That's what it means.Bitfinex analysts believe that given the widely held view that a Republican victory could have a more ambiguous impact, especially as Election Day approaches, while a…

Sponsored post* Investors are ramping up investments in high-potential tokens like Bonk and Cutushi in an attempt to keep pace for greater ROI. By doing so, the trading volume of slow-performing tokens like Ethereum tends to decrease significantly. Investors' choice to go with Kutoshi and Bonk stems from the reputation, price momentum, and growing native community that these individual meme projects are gaining. As the pre-sale momentum increases, there is a possibility of a significant price increase for CUTO The Cutoshi (CUTO) project has seen an influx of investors in the past few weeks, showing significant growth potential. By the…

World Liberty Financial's planned stablecoin aims to establish a secure U.S. dollar-backed token, placing Trump's crypto venture among industry giants such as Tether and USDC. Rich Teo's involvement and Trump's commitment to cryptocurrencies suggest a strong possibility that the debut of stablecoins could have an impact on Bitcoin and broader market trends. Following former President Donald Trump's recent announcement about the launch of the World Liberty Financial cryptocurrency platform, a previous CNF update announced that Trump's cryptocurrency initiative, World Liberty Financial, will launch a USD-backed stablecoin. It has been revealed that the company is reportedly planning to introduce . Following…