Senate’s New Leader John Thune Promises Positive Shift for Crypto – Here’s How
For the development of the cryptocurrency sector, Senator John Thune, a Republican from South Dakota, has been elected as the next Senate Majority Leader, succeeding Mitch McConnell. As the newly appointed head of the GOP caucus, Thune’s ascension is anticipated to reshape regulatory policy dealing with virtual currencies and distributed ledgers.
With his progressive stance toward emerging technologies, observers expect the lawmaker to usher favourable rules that nourish innovation within the b
FBI Raids Polymarket CEO’s Home Amid Political Prediction Controversy
In a surprising turn, the FBI confiscated the phone and electronic devices of Polymarket CEO Shayne Coplan early Wednesday morning. The incident occurred only a week after the prediction platform accurately forecasted Donald Trump’s election victory. According to sources, law enforcement arrived at the 26-year-old entrepreneur’s SoHo residence at 6:00 a.m., requesting that he surrender his devices.
FBI Targets Polymarket CEO’s Residence in Early Morning Raid
Bitcoin Hits New All-Time High: Price Blasts Past $93K as U.S. Demand Kicks In
Bitcoin did it again, breaking above $90,000 and then $93,000 in the pre-US trading hours. After a few brief bumps at $90,000 earlier in the week, Bitcoin (BTC) broke through that level Wednesday morning. Once through, more upside and then $93,000.
This Bitcoin surge is a healthy reflection of the demand from US investors. US trading activity hit a high and the price of the asset followed. According to Coinbase, this started at the opening of the US stock market. As a result, investor interes
Floki on a Strong Rally: What Technical Indicators Reveal About This Meme Coin’s Momentum
The crypto market’s recent uptrend has brought renewed interest in meme coins, with Floki emerging as a standout. Posting a remarkable 21.79% daily gain and a 62.39% rise over the week, Floki is quickly catching the attention of investors. However, while such rapid growth can be thrilling, a measured analysis is essential.
Technical Indicators: Strong Momentum but Caution Advised
Floki’s recent rally has been marked by notable technical indicators. For instance, the RSI currently sits at 71.42
Dogwifhat Surges 37% as Coinbase’s Bold Move Drives Market Buzz
Dogwifhat (WIF) has become the talk of the town in the world of cryptocurrency, with an uptick of as much as 37% in the last day. The meme coin’s surge comes as information on reportedly the listing of WIF on Coinbase sparks the interest of the market. WIF is one of the latest meme coins to gain investors’ attention, and it has been promising since the start of 2024.
Although, the token price jump to its new all-time high on November 13 due to Coinbase’s listing has placed it more in the attent
Ethereum Eyes $4,000: Is a Breakout on the Horizon?
Ethereum (ETH) has recently fueled excitement in the crypto community, bouncing back to the $3,200 level and signaling a potential rally as bulls prepare to take charge. But behind the price movement lies a deeper narrative that’s capturing attention. Here, The Bit Journal delves into the factors driving this potential rise and the price targets that could be within reach.
Whale Moves Indicate Renewed Confidence in Ethereum
Large-scale investors, often referred to as whales, are making signifi
Solana Investors Brace for Major Rally: Is a Breakout Imminent?
Solana (SOL) has caught the crypto market’s attention after breaking out of a nine-month parallel channel, signaling a potential shift in market sentiment. Following this pivotal movement, SOL is now consolidating near the $204 support level, which many investors view as a preparation phase before a potential rally.
Peter Brandt Predicts Dogecoin Rally: Parallels with Bitcoin’s Surge Identified
Popular trader and chart analyst Peter Brandt has identified interesting parallels between the price action of Bitcoin (BTC) and Dogecoin (DOGE) in 2015 and 2016, with the chance for a big rally in store. Crypto enthusiasts were discussing Brandt, who is famous for his market predictions, on the social media platform X.
Tech indicators point to Dogecoin’s historical trajectory suggesting it could be mimicking that of Bitcoin. He mentioned patterns like a ‘blow off top’ followed by a falling w
4 Best Cryptos to Buy Now for 2025 Amid a Massive Unstoppable Altcoin Rally
The crypto market is buzzing with excitement as we edge closer to 2025. With countless altcoins soaring in value and new projects pushing the boundaries of innovation, there’s never been a better time to explore the best cryptos to buy now for 2025. Thanks to increasing adoption and powerful new use cases, digital assets are becoming a crucial part of people’s portfolios—and this rally is only adding fuel to the fire.
While seasoned players like Bitcoin and Ethereum continue to dominate, promis
Bitcoin Vs Gold: Record Low Correlation Sparks Investor Shift
The correlation between Bitcoin and gold is the lowest in nearly a year. This has been the case since Donald Trump’s recent victory when gold dropped. Since Coin rose by November, the difference between these two assets shows a shift in investors’ tendencies. Investors are heading towards digital currency and are deeming safe-haven assets like gold in effect.
According to K33 Research, a research-based digital asset brokerage with investment services, the 30-day correlation between BTC and gold
What’s Coinbase’s COIN50 All About? The Buzz for New Regulated Crypto Index
Coinbase has just launched the Coinbase COIN50 index, a regulated benchmark to give investors diversified exposure to top digital assets. A collaboration of Coinbase Asset Management and Market Vector Indexes worked to develop the new COIN50 index. This is one of the biggest efforts towards transparency and standardization of the digital asset market like what’s been done in traditional finance.
ADGM’s Latest Consultation Promises Big Changes for Digital Assets
The Abu Dhabi Global Market (ADGM)’s Financial Services Regulatory Authority has taken steps to refine rules governing virtual asset operations in the emirate. According to the Consultation Paper No. 10 of 2024 solicits public comment on updates to the regulatory framework for this emerging sector.
Through this process, the FSRA looks to strengthen protections for participants and reinforce oversight abilities as technologies involved constantly shift. The proposed amendments aim for prudence w
Can Apple and A24 Capture the Drama of Sam Bankman-Fried’s Downfall?
A Sam Bankman-Fried movie is in the works. Hollywood is tapping scriptwriter Lena Dunham to immortalize the jailed founder and CEO of fallen cryptocurrency exchange FTX, currently serving a 25-year jail term.
As per a Variety report, Apple Studios and A24 will adapt the Michael Lewis best-selling book Going Infinite: The Rise and Fall of a New Tycoon to co-develop and co-produce the movie. Dunham is a renowned scriptwriter whose works have been featured in eight Emmy Award nominations, the best
First-Ever ETF Application Filed for This Altcoin: How Did HBAR React?
In a major move for the crypto market, Canary Capital has submitted an S-1 registration application to the U.S. Securities and Exchange Commission (SEC) for an HBAR exchange-traded fund (ETF). This ETF aims to provide investors with direct exposure to Hedera’s native token, HBAR. Following the announcement, HBAR’s price surged by nearly 20%, although it has since retracted in line with broader market sentiment. Here’s a closer look at the details.
‘Just Don’t Break’ Bitcoin – Find Out What’s at Stake
Bitcoin developers gathered at Fidelity Investments’ headquarters to discuss the future of Bitcoin’s (BTC) technical capabilities. The OP_NEXT conference centred on how Bitcoin can expand its usage without compromising its stability. Developers came together to strike the perfect balance between innovation and caution, not putting the network’s core integrity at risk.
Bitcoin Developers Debate Balancing Growth and Stability
OP_NEXT brought out developers who wanted to make Bitcoin go further a
Ethereum ETFs Gain Momentum With Record $500M Inflows Post-Election
Spot Ethereum (ETH) exchange-traded funds (ETFs) pulled over $500 million in inflows in their first four trading days following last month’s US elections, a clear sign of explosive institutional interest in the cryptocurrency market. Ethereum’s appeal to investors and its potential to outpace Bitcoin in the ETF space continue to increase as this remarkable development emerges.
Since launch, Ethereum ETFs recorded their biggest daily positive net flow on Nov. 11, $295.5 million in net inflows. I
Ethereum Price Prediction: ETH ETF Records Positive Inflow As Price Crosses $3,200, Whales Add $E...
Ethereum (ETH) recently crossed the $3,200 mark, spurred by a significant inflow into Ethereum exchange-traded funds (ETFs). Meanwhile, crypto whales are not only accumulating Ethereum but are also adding Popcat (POPCAT) and Yeti Ouro (YETIO) to their portfolios, aiming for diversified gains.
Ethereum Surges Past $3,200 Amid ETF Inflow Boom
Ethereum has recently reached a price of $3,264, with a staggering 24-hour trading volume of over $66.4 billion. This marks a significant milestone for ETH
Is Italy’s 28% Crypto Tax a Smart Move or a Major Misstep?
The Italian government is rethinking its plan to raise taxes on cryptocurrency transactions, aiming to reduce the rate from 42% to 28%. The change reflects Prime Minister Giorgia Meloni’s coalition’s aim to balance public revenue with support for Italy’s growing digital asset industry.
In early October, Italy proposed raising the capital gains tax on crypto assets from 26% to 42% to boost public finances as part of its budget plan. This mo
Legendary Trader’s Prediction: Bitcoin Could Quadruple in Value – Here’s What Needs to Happen
Bitcoin’s rally paused today as investors turn their focus to upcoming U.S. CPI inflation data, leading to a cautious atmosphere among market analysts. While some expect a slight pullback before further gains, legendary trader Peter Brandt has shared an optimistic forecast, stirring bullish sentiment for BTC.
Could Bitcoin Reach $327,000?
In a recent post, Peter Brandt shared a chart outlining two potential price trajectories for Bitcoin: one at $134,000 and a higher target of $327,000. Accord
According to the post, a pivotal decision indicating substantial changes ahead, President-elect Donald Trump named tech visionaries Elon Musk and Vivek Ramaswamy to jointly oversee an innovative new federal agency dubbed the Department of Optimal Governance Effectiveness. Tasked with maximizing operational efficiency, simplifying convoluted processes, and ensuring prudent allocation of public funds, this ambitious undertaking seeks to retool outdated protocols through innovation and accountabili
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