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Showing posts with the label digital currency

Dogecoin Plunges To $0.18 As Whales Sell 440 Million DOGE

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Trump Coin Dominates Market Amid Positive US-China Trade Talks

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While the larger crypto market is facing a correction, Trump Coin (Official Trump/TRUMP) is registering gains on every time frame. According to CoinGecko data, Trump Coin has seen an 8.7% rally in the last 24 hours, a 42.9% rally in the last week, a 35.8% rally in the 14-day charts, and a 10.2% rally over the previous month. Let’s discuss why TRUMP’s price is going up, while most other crypto assets are facing corrections. Source: CoinGecko What’s Behind Trump Coin’s Price Rally? Source: Newsweek Trump Coin’s latest price surge comes amid positive trade talks between the US and China. The crypto market faced its most significant single-day liquidation earlier this month after the two countries engaged in a trade dispute. The market slightly recovered after President Trump said that the two nations would finalize a new trade deal. However, the recent positive trade developments have led to a wider market rally. TRUMP is among the few crypto assets trading in...

Crypto trader turns $68K into $9 million in just two days

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In one of the sharpest examples of meme-coin mania this year, a crypto trader transformed a $68,700 bet into roughly $9.4 million in just 48 hours. On September 30, the wallet address 0xce5ad0ff16863f54a0daa27ff831177ad1144c07 spent 68 BNB ($68,700) to acquire 63.07 million units of $4, a newly launched token on PancakeSwap. By October 2, the position was valued at over $9.4 million, a staggering 135x return. Blockchain data shows a carefully sequenced series of buys: multiple tranches of 5–8 BNB (BNB) swapped through PancakeSwap V4, accumulating millions of $4 tokens at prices between $0.00008 and $0.00014.  Trading volume cllimbed above $118 million The buys coincided with a sudden surge in activity: daily trading volume exploded to $118.8 million, while 24-hour price performance peaked at +168%, with liquidity pools briefly holding $2.8 million. The trade unfolded against a backdrop of retail-driven hype on X (formerly Twitter). Screenshots shared by traders...

Ethereum Rare RSI Signal Suggests Potential Surge To $8,000 – Details

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Head of Bank Lobby Says ‘There’s a Move To Replace Us’ Amid Rise of Stablecoins: Report

Traditional banking lobbying groups are reportedly lining up against crypto ahead of upcoming digital asset legislative actions in Washington, DC. Representatives of smaller banks are concerned about the impact of stablecoins on their business, Politico reports. Christopher Williston, president and CEO of the Independent Bankers Association of Texas, tells the news outlet that it “feels like there’s a move to replace us” amid concerns that small bank customers could move their money into digital asset products. Williston argues that the GENIUS Act, signed into law last month by President Donald Trump, is “a fundamental threat to bank deposits” for community banks. The new legislation establishes a regulatory framework for stablecoins, requiring each token to be fully backed by liquid assets such as cash or short-term US Treasuries. Multiple banking trade associations also recently penned a letter to lawmakers asking them to consider repealing a secti...

Bitcoin Nears $120,000 Again As El Salvador Opens Bitcoin Banks

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The greatest Bitcoin explanation of all time

According to Donald Trump, the “greatest Bitcoin explanation of all time” occurred on October 11, 2018. On that day, during an open session hearing of the US Senate Committee on Banking, Housing, and Urban Affairs, Coin Center’s Peter Van Valkenburgh delivered a six-minute speech. Last night, Trump posted Van Valkenburgh’s speech to Truth Social, along with his effusive praise and Van Valkenburgh acknowledged the endorsement. During his testimony, Van Valkenburgh introduced Bitcoin as the world’s first public blockchain network and cryptocurrency. Within seven sentences, he explained its core value proposition: the ability to without send money over the internet “without the need to trust a middleman.” For dozens of paragraphs, Van Valkenburgh focused on Bitcoin’s functionality without any company, bank, executive, or trusted intermediary. No other function of Bitcoin is particularly valuable, he explained, without its simultaneous performance without tr...

AI predicts Cardano (ADA) price for July 31 

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Cardano (ADA) is extending its bullish streak, climbing to $0.81 after a strong 29% weekly gain that positions it as the second-best-performing cryptocurrency in the top 10. The surge has pushed ADA’s market cap from $22 billion just a month ago to over $29 billion today. Finbold’s AI price prediction model now forecasts that ADA will reach $0.84 by the end of July, implying a potential upside of 3.21% from current levels.  Cardano (ADA) price prediction. Source: Finbold  The model, which pulls data from six key technical indicators, also shows a wide possible range, with the most bullish forecast projecting a 13.2% increase, while the most bearish sees a potential 7.69% decline. ADA technicals analyzed by AI. Source: Finbold Cardano price prediction analysis The bulls are clearly in control right now. The Moving Average Convergence Divergence (MACD) has been climbing higher with good momentum, and the gap between short and long-term moving averag...

A Tale Of 3 Mayors And Bitcoin’s Climb From $754 To $107,000

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Why Bitcoin’s next stop is $150,000, according to expert

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After Bitcoin (BTC) surged past the $110,000 mark in the last 24 hours, a trading expert is suggesting the next potential target could be $150,000 if technical indicators continue to align. In this case, prominent online crypto analyst TradingShot observed that Bitcoin’s current rally has invalidated several short-term bearish patterns, confirmed key support levels, and broken through a critical resistance zone. This positions BTC for a potential 101% rally. In a June 10 post on TradingView, the analyst noted that Bitcoin recently rebounded at the lower high trendline of a three-year ascending channel. This historically significant formation has often preceded explosive upward moves. Bitcoin price analysis chart. Source: TradingView This bounce came at a crucial moment, aligning with the 50-week moving average (MA) and effectively dismissing a looming head and shoulders pattern. With that bearish setup out of the picture, momentum appears to have shifted bac...

Tech Expert Predicts $1 Million Bitcoin — ‘Only One More 10x Left’

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