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Bitcoin ETFs Might Triple Gold ETFs, Top Analyst Predicts
Eric Balchunas, Bloomberg's leading ETF analyst, has predicted that Bitcoin exchange-traded funds (ETFs) could "triple" gold ETFs over the years during a recentappearance on the "Coin Stories" podcast hosted by journalist Natalie Brunell.
While gold is also used by investors to hedge against inflation and dollar devaluation, it is really boring, according to Balchunas.
The expert has noted that investors tend to look for "a little action." "Gold does not give you the hot sauce spice kick that
Bitcoin (BTC) Suddenly Reclaims $70K. What Is Happening?
Bitcoin, the leading cryptocurrency, managed to reclaim the $70,000 level earlier today.
The crypto king reached an intraday high of $70,294 on theBitstamp exchange at 14:51 UTC.
According todata provided by pseudonymous crypto trader Byzantine General, the sudden price spike came after the U.S. stock market opened earlier today. At press time, US stocks are trading higher, with the tech-heavy Nasdaq index adding 1.3%.
However, the rapid price increase was driven by Coinbase, the largest U.S.
$200 Million in Ether Moved to Derivative Exchanges, Beware of Volatility
In the last few hours, an enormous sum in Ethers (ETH) was moved to derivatives exchanges. Typically, this is a signal of a downturn, or, at least, increased volatility, CryptoQuant's verified author says.
82,000 Ethers (ETH) on their way to exchanges, expect volatility
Ethereum (ETH), the second-largest cryptocurrency, witnesses a record-breaking inflow of liquidity into derivatives exchanges. Today, Nov. 5, 2024, over 82,000 Ethers (ETH) were moved to crypto contracts' trading services. Such
Chainlink (LINK) Rebounds as New SWIFT Integration Goes Live
Chainlink (LINK), a leading decentralized Oracle network, is evolving with a recent tokenization partnership with SWIFT and UBS Asset Management. The integration has fueled positive sentiment across the ecosystem, with LINK’s price experiencing a bullish rebound.
Chainlink launches pilot with SWIFT and UBS asset management
According to a press release, Chainlink, SWIFT and USB Asset Management have teamed up to launch a pilot for settling tokenized fund subscriptions and redemptions.
Bears are not going to give up so easily, according to CoinStats.
SHIB/USD
The rate of SHIB has gone up by 3.69% over the last 24 hours.
On the hourly chart, the price of SHIB is breaking the local resistance of $0.00001788. If the daily bar closes above it, growth is likely to lead to a test of the $0.00001820-$0.00001840 range.
On the bigger time frame, one should focus on the daily candle's closure. If it happens near its high, the upward move may continue to the $0.000019-$0.0000020 zone
Bitcoin Hits $70,000, While Bears Face 860% Liquidation Imbalance
Major cryptocurrencyBitcoin (BTC) saw something anomalous on its radar in the last few minutes when, according toCoinGlass data, short positions, i.e., bearish sellers, were liquidated for $9.46 million in just a few minutes.
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.
Mysterious $800 Million XRP Withdrawal Stuns Top South Korean Exchange
Unusual activity on the crypto market continues today, with the sudden withdrawal of 1.586 billion XRP from the floor of one of Korea's largest exchanges, Bithumb. According to reports fromWhale Alert, 586.09 millionXRP, equivalent to $296.95 million, first left Bithumb in an unknown direction.
The first transfer was made to address "rPyCQ," which was just created yesterday. This transfer is the largest in the series, as the other two were 200 million XRP and just shy of that mark, for a total
$25 Billion for DOGE: New Market Cap Milestone Just Hit
For the second day running, meme cryptocurrencies are the top performers among the 100 largest cryptocurrencies. Dogecoin (DOGE) and Shiba Inu (SHIB), the two largest meme coins, managed to reach massive market cap milestones despite crypto benchmarks being in the red.
Dogecoin (DOGE) outperforms all cryptos, SHIB and POPCAT following
The oldest meme crypto, Dogecoin (DOGE), is the fastest-growing cryptocurrency in the top 100 today, Nov. 5, 2024. In the last 24 hours, it added 7.8%. Its marke
Michael Saylor Issues 'Bitcoin Capitol' Tweet as BTC Seeks to Regain $70,000
Michael Saylor, cofounder and former CEO of business software company MicroStrategy, has taken to his official account on the X social media platform (formerly known as Twitter) to share yet another Bitcoin-themed message with his army of followers.
Saylor's "Bitcoin Capitol" tweet
Saylor publishes such Bitcoin-related tweets on a daily basis, and this time, he published an AI-generated image of himself sitting on the steps leading to the U.S. Capitol building, saying: “Make Washington the #Bi
999,999,999 DOGE in One Hour: Here's What Happened
In recent hours, a staggering 999,999,999 Dogecoin (DOGE), valued at approximately $169.2 million, was transferred from Binance to an unknown wallet, according to Whale Alert. This movement of such a large amount of DOGE has sparked speculation within the crypto community, as transactions of this magnitude are rare.
Whale Alert reports: "999,999,999 DOGE worth $169,209,520 transferred from Binance to unknown wallet."
200 Billion SHIB Suddenly Land in Gemini's Wallet, BlackRock Makes History as $2.1 Billion E...
U.Today has prepared the top three news stories over the past day.
200 billion Shiba Inu (SHIB) suddenly land in top U.S. exchange's wallet
According to a recentX post by Spot On Chain, Gemini, one of the largest cryptocurrency exchanges in the U.S.,has transferred significant funds into a new multisignature custody wallet created only 18 days ago. The wallet quickly accumulated a variety of altcoins, including a massive acquisition of 200 billion Shiba Inu (SHIB) tokens worth around $3.39 mil
Cardano (ADA) Prints Mega Transaction Record in October: Report
In October, Cardano (ADA) reached an important milestone, with a huge increase in transaction volume. Recentreports indicate that the network experienced record-high transactions, showing a growing interest in the Cardano ecosystem. This transaction increase demonstrates Cardano's potential to become a key player in the blockchain space, as it develops its ecosystem and attracts more users and projects.
Cardano experiences exponential growth
Cardano activity increased due to its Hydra scaling
Medical Tech Company Wants to Raise More Cash to Buy Bitcoin
Medical tech company Semler Scientificintends to purchase more Bitcoin, according to Chairman Eric Selmer.
The publicly traded company is currently exploring additional options that would allow it to secure more cash for buying Bitcoin.
Selmer has praised the "wisdom and benefits" of implementing a MicroStrategy-like debt-for-Bitcoin strategy.
Asreported by U.Today, the firm announced its decision to buy the largest cryptocurrency back in May. Back then, Selmer stated that he viewed Bitcoin a
Shiba Inu (SHIB) Jumps 40% in Volume as Bulls Eye Golden Cross Breakout
The popular meme-inspired cryptocurrencyShiba Inu (SHIB) saw more than 40% growth in trading volume today, according to data fromCoinMarketCap. Currently, Shiba Inu tokens have a combined turnover of nearly $400 million on the spot markets.
This development comes as the price of SHIB is up over 6.1% in today's trading session. The Shiba Inu token is now trading at a valuation of $0.0000179 per SHIB. The popular meme cryptocurrency has not been this high since late October, and in fact has been
Cardano Spotlights Stunning Growth Milestones as Chang 2 Upgrade Nears
Cardano is gearing up for the second phase of Chang, a pivotal upgrade designed to implement the final features of Cardano’s minimum viable on-chain governance.
In a recent tweet, Cardano builder Input Output Global (IOG) shared the highlights of October's main updates and achievements from across the Cardano community. The number of token policies increased by 3,287, and the number of minted native tokens increased by 60,000. Plutus scripts grew by 3,358 to a total of 91,698.
The majority of the coins remain under sellers' pressure, according to CoinMarketCap.
DOGE/USD
DOGE is one of the biggest gainers today, rocketing by 7.29%.
On the hourly chart, the price of DOGE is trading above the local level of $0.1698. If buyers can hold the gained initiative, the upward move is likely to continue to the $0.18 zone tomorrow.
The rate of DOGE is on its way to testing the resistance level of $0.1798. If the candle closes near it or above and with no long wick, the growth
Dogecoin Denies Predicted Correction, Printing 4 Big Green Candles
Cryptocurrency analyst and trader Ali Martinez, known on the X platform under the name @ali_charts, has published a tweet to show that the original meme cryptocurrency, DOGE, loved by many traders, is facing a potential correction ahead.
Martinez tweeted that the TD Sequential index presented a sell signal for Dogecoin on a four-hour chart. The potential correction was likely to take the DOGE price from the $0.161 level down to the $0.156 chart.
An amazing milestone in the life cycle of XRP is approaching: 13 million XRP burned. Nevertheless, the effect on the dynamics of XRP's price and scarcity is negligible in the absence of a significant burning mechanism. The supply-demand dynamics of XRP are only marginally impacted by its relatively low burn rate, in contrast to assets that experience frequent high-impact burns.
Despite being noteworthy, the 13 million XRP burned is more of a symbolic accomplishment than a useful one in terms of
Whale Activity Boosts Dogecoin (DOGE) by 957% in Key Bull Metric
Over the past 24 hours,Dogecoin (DOGE) has seen a huge increase in on-chain activity, which suggests that the major players on the market are feeling bullish about the big meme coin.
Thus, IntoTheBlock's Whale Netflow metricshows that a lot of DOGE is moving into the wallets of big holders, as it went from 45.3 million DOGE to 431.3 million DOGE, which is a 957% increase over the period under consideration.
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This proves how many large investors - those with more than 0.1% of the DOGE supp
Shibarium Back to Peak Level as SHIB Price Rebounds
The Shiba Inu (SHIB) ecosystem is seeing a positive change as Shibarium, its layer-2 scaling solution, is operating at near-full capacity again. This comeback comes after network struggles and SHIB price rebounds, showing that investors and the wider crypto community are regaining confidence. At the time of writing, SHIB was trading for $0.00001724, up 5% in 24 hours
Shibarium adoption soars gradually
At its peak, Shibarium saw its transaction count jump as high as 4.75 million, another seven-