#HalvingHorizons May to June #halvinngbitcoin | JayFort on Binance Square

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#HalvingHorizons May to June #halvinngbitcoin 

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Important Binance Announcement Affecting Certain XRP, ADA, and DOGE Traders: Details Binance launched a special promotion on specific JPY trading pairs, potentially aiming to attract Japanese traders and boost activity.This move coincided with a substantial surge in the assets’ prices. Benefits to These Traders The world’s biggest crypto exchange launched a zero-fee trading promotion for all users on the ADA/JPY, DOGE/JPY, and XRP/JPY spot trading pairs. The promotion period will run from today (November 15) to November 27. “The trading volume on ADA/JPY, DOGE/JPY, and XRP/JPY spot trading pairs will be excluded from the VIP tier volume calculation and all Liquidity Provider programs during the Promotion Period, where applicable,” the company explained. JPY is the symbol of the Japanese national currency (the yen), and Binance’s effort could be part of its strategy to expand its services and user base in “the Land of the Rising Sun.” The exchange had a solid presence in the local market until 2018, when it pulled out after the domestic regulators warned it had been operating without permission. In November 2022, though, Binanceannouncedthe acquisition of Sakura Exchange BitCoin (SEBC), thus preparing for a re-entry on Japanese soil. In the summer of 2023, the firm introduced Binance Japan, while SEBC ceased its original services. “By offering regulated exchange services in Japan, we’re hoping to bolster the development of the Japanese digital asset market. The country’s drive for technological innovation and growing interest in blockchain technology make it a fantastic place to build a robust and sustainable Web3 ecosystem,” it stated at the time. The Japanese subsidiary of Binance received regulatory approval to provide trading services with a total of 47 cryptocurrencies, the highest number offered in the country.XRP, DOGE, and ADA Price Outlook

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Bitcoin(BTC) Surpasses 88,000 USDT with a Narrowed 3.13% Decrease in 24 Hours According to Binance Market Data, Bitcoin has crossed the 88,000 USDT benchmark and is now trading at 88,112.367188 USDT, with a narrowed narrowed 3.13% decrease in 24 hours.

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#AI Hong Kong Advances AI and Virtual Asset Regulations AI Summary According to PANews, on November 14, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, addressed the Legislative Council during the debate on the Chief Executive's 2024 Policy Address. Hui highlighted the government's commitment to advancing artificial intelligence (AI) and virtual asset regulations. During the recently concluded Hong Kong FinTech Week 2024, a policy declaration was made outlining the responsible application of AI in financial markets. This initiative underscores Hong Kong's strategic approach to integrating AI technologies while ensuring market stability and ethical standards. In addition to AI, Hui emphasized the sustainable development of virtual assets. The government plans to introduce a bill to the Legislative Council within the year to regulate the issuers of fiat-backed stablecoins. This move aims to establish a robust framework for stablecoin issuance, ensuring transparency and security in the digital currency landscape. Furthermore, the government is revising its proposals for regulating over-the-counter virtual asset trading services. The objective is to complete a second round of public consultation next year and propose a licensing regime for virtual asset custody service providers. These steps reflect Hong Kong's proactive stance in adapting to the evolving digital finance environment, balancing innovation with regulatory oversight. #AI

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3 Cryptocurrencies That Reached All-Time Highs Today — November 12 The crypto market is sustaining its bullish momentum, driven by Bitcoin, the leader of cryptocurrencies. As BTC continues to set new ATH highs daily, other crypto tokens are also reaching their all-time high, which shows altcoins are capitalizing on this upward trend. BeInCrypto has analyzed three tokens that recently hit new peaks and explored their potential next moves. Bitcoin BTCUSD Bitcoin’s price jumped 11% in the last 24 hours, reaching a fresh all-time high of $89,922. With momentum building, the top cryptocurrency is now eyeing a key resistance level at $92,000, bringing it even closer to the highly anticipated $100,000 mark that has captured investors’ attention. This impressive rally is fueled by strong market sentiment, particularly following MicroStrategy’s recent $2 billion BTC purchase, which has given a substantial boost to investor confidence. The wave of optimism is sustaining Bitcoin’s upward trajectory, reinforcing its strength as it continues to set new records. However, a potential cooldown could soon emerge, which might push Bitcoin’s price back to $85,000. Such a pullback would likely challenge BTC’s current pace, softening the outlook of reaching $90,000 and cooling short-term enthusiasm among traders. First Neiro on Ethereum (NEIRO) NEIRO reached a new all-time high of $0.0031 today, marking a 23% increase on Tuesday. This is the fifth ATH recorded by the meme coin in the past week, highlighting its continued momentum and appeal among investors. Broader market cues suggest that NEIRO may maintain this uptrend, provided investors hold onto their positions rather than booking profits. A sustained uptrend would further solidify NEIRO’s position in the market, attracting additional interest as the coin builds on its gains. However, if NEIRO holders begin to sell, the coin could face a correction, potentially dropping to $0.0022.

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Ethereum price started a fresh increase above the $3,120 resistance. ETH is showing positive signs but struggling to catch up Bitcoin’s momentum. Ethereum started a fresh increase above the $3,000 resistance zone. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,230 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $3,350 resistance. Ethereum Price Eyes Steady Increase Ethereum price started a fresh increase above the $2,880 resistance like Bitcoin. ETH was able to climb above the $3,000 and $3,120 resistance levels to move further into a positive zone. It even surged above the $3,250 level in the past few sessions. It is up over 5% and there was a move above $3,350. A high is formed at $3,390 before there was a minor pullback. There was a move below the 23.6% Fib retracement level of the upward wave from the $3,080 swing low to the $3,390 high. Ethereum price is now trading above $3,220 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,230 on the hourly chart of ETH/USD. The trend line is close to the 50% Fib retracement level of the upward wave from the $3,080 swing low to the $3,390 high. On the upside, the price seems to be facing hurdles near the $3,350 level. The first major resistance is near the $3,390 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,550 resistance. An upside break above the $3,550 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,680 resistance zone.

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