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8:30 ▪ 5 Minimum read time up to ▪ Evans S. Bitcoin is back in the spotlight, with prices continuing to soar, exciting investors and analysts. But what explains this sudden rise? Several economic factors have come together to support the rise in the value of cryptocurrencies, including improving US employment statistics and a wave of purchases through ETFs. Let's take a closer look at the factors driving this rebound. US employment recovery and new risk appetite Recent data from the American job market has brought a breath of optimism, and this is fully reflected in the Bitcoin price. The…
The US presidential election is just around the corner, and the Fidelity Crypto Industry and Digital Payments ETF (FDIG) appears well-positioned to potentially benefit from the outcome. I'm bullish on FDIG and its portfolio of crypto stocks, and could see a big tailwind if Trump wins. The fund isn't particularly diversified, but it does offer plenty of exposure to the digital asset space, which could grow under the Trump administration. FDIG also features a lower expense ratio than many of its peers. Additionally, sell-side analysts predict a potential upside of over 30% over the next 12 months, making FDIG an…
2024 has been a year of recovery for Ethereum, with the coin's price rising more than 38% in 12 months after a significant drop from all-time highs. Ethereum is currently trading at $2,475.28, and while it has certainly rebounded from its previous lows, ETH is not out of the woods yet. Ethereum has lost market share to a number of younger altcoins this year, from Solana to even younger newcomers who are carving out their own niches and challenging ETH's supremacy in the Dapps, tokens, and utilities space. Based on today’s technicals on TradingView, Ethereum is in “strong sell” territory,…
Cryptocurrency prices today are on a downward trend, sparking bearish sentiment among market watchers around the world. Over the past day, Bitcoin (BTC) prices have fallen to the $66,000 level, while Ethereum (ETH), Solana (SOL), and XRP prices have fallen between 3% and 6%. At the same time, the global cryptocurrency market capitalization has fallen by 2.48% in the past day and currently stands at $2.27 trillion. However, the total market value increased by 45.66% to $105.01 billion. Here we briefly summarize some of the top cryptocurrencies by market capitalization and their price trends as of today, October 26th. Cryptocurrency…
Bitcoin is currently holding steady above the $65,000 level after a period of high volatility and bullish sentiment. This price stability comes amid significant market development. Santiment’s key data reveals a notable increase in Bitcoin whale activity over the past two weeks, indicating that large investors are accumulating BTC. Conversely, the data also highlights a shrinking group of retail investors, suggesting a shift in market dynamics. This combination of factors indicates that an accumulation phase is underway as whales are accumulating positions while small investors appear to be pulling back. The growing presence of these large holders often signals confidence…
Ethereum co-founder Vitalik Buterin outlined key steps towards scaling Ethereum, highlighting the role of Helios, a multi-chain light client. Following ETH's path to scalability and decentralization, Vitalik Buterin believes that implementing solutions similar to Helios in mobile and desktop wallets is important for light client validation on Ethereum's Layer 1 and Layer 2 networks. I pointed out that there is. Vitalik Buterin outlines Helios' role In a recent post on X (formerly Twitter), Buterin emphasized the need to add Helios or other light clients to user wallets. This integration allows users to check the validity of transactions without running a…
Microsoft has called on shareholders to vote against a proposal to evaluate its Bitcoin investments, which has a negative impact on the broader crypto industry.Microsoft will hold its annual shareholder meeting on December 9th, and shareholders will be able to vote on a variety of issues. One of the proposals is titled “Evaluating Bitcoin Investments.” However, the board recommended that shareholders vote against it.Microsoft has already “carefully considered this issue,” the board claims in a filing with the Securities and Exchange Commission (SEC). “Past evaluations have included Bitcoin and other cryptocurrencies among the options considered, and Microsoft monitors trends and…
Bitcoin volatility is raising concerns about a possible $60,000 drop. RCO Finance (RCOF) offers a crypto AI investment alternative to hedge against potential declines. The value of Bitcoin (BTC) has been volatile for some time now, failing the stability test of the cryptocurrency market. As a result, despite the recent recovery in Bitcoin prices, one potential topic that all investors are avoiding is the possibility of a further drop below $60,000 by the fourth quarter. Some smart investors are discussing the possibility of a market correction, reigniting the long-standing debate about “risk hedging.” While Bitcoin remains dominant, the risk of…
In a recent SEC filing on Thursday, October 24th, Microsoft Corporation (NASDAQ: MSFT) announced that “Evaluating an Investment in Bitcoin” will be a voting item at its shareholder meeting on December 10th. revealed. This development has sparked debate within the investment community. A community about the potential direction of Microsoft's financial strategy and possible shareholder approval. Microsoft Bitcoin Investment: For or Against? Microsoft's board of directors has formally recommended voting against the Bitcoin investment proposal. In a supplemental filing with the SEC on October 25, the board clarified that the requested valuation is redundant and that Microsoft's management is already…
Ripple CEO Brad Garlinghouse has expressed concern about the potential impact on the cryptocurrency industry if the US Securities and Exchange Commission (SEC) succeeds in its recent lawsuit. Regarding the cross-appeal filed by Ripple, Garlinghouse highlighted the issue of whether explicit consent is required for an “investment contract” under securities laws. Ripple CEO emphasizes caution if US SEC appeal is successful During a recent discussion, entrepreneur Anthony Pompliano asked Ripple CEO Brad Garlinghouse about the SEC's stance and its impact on the crypto sector. Pompliano expressed concern about how classifying crypto tokens as “investment contracts” will impact platforms like Coinbase…