#Altcoin performance

[trader-sg112]

Bitcoin and Altcoins Update: Market Movements and Key Developments

The cryptocurrency market has experienced some intriguing shifts recently, with Bitcoin and various altcoins demonstrating varying levels of performance. Here’s a detailed overview of the latest market movements and notable developments.

Bitcoin: A Modest Decline with Strong Weekly Gains

Bitcoin, the leading cryptocurrency, has seen a slight decline of 0.9%, bringing its current price to $64,166.3. Despite this recent dip, Bitcoin has shown significant strength over the past week, trading up by 8.5%. This positive weekly performance highlights Bitcoin's resilience and continued appeal as an investment asset, even amidst short-term fluctuations.

Ether: A Small Drop Amid Anticipated ETF Approval

Ether has fallen by 0.2%, settling at $3,444.58. The drop comes as market participants await potential regulatory news. Recent reports suggest that the Securities and Exchange Commission (SEC) might approve a spot Ether ETF as early as next week. Such approval could have substantial implications for Ether's market dynamics, potentially driving up its value as institutional investment opportunities become more accessible.

SOL: Noteworthy Surge with ETF News

In contrast to Ether’s slight decline, Solana (SOL) has surged by 3.8%. This increase follows reports indicating that a spot SOL ETF is also in the pipeline. The anticipated approval of such an ETF could enhance Solana's visibility and attract new investment, contributing to its recent upward momentum.

ADA and XRP: Downturns Amid Market Volatility

Both Cardano (ADA) and Ripple (XRP) have experienced notable declines. ADA fell by 2.3%, while XRP saw a more substantial drop of 4.7%. These downturns reflect broader market volatility and may be influenced by various factors, including regulatory uncertainties and shifting investor sentiments.

Meme Tokens: DOGE and SHIB Face Declines

Among meme tokens, Dogecoin (DOGE) and Shiba Inu (SHIB) have also faced declines. DOGE fell by 1.1%, while SHIB saw a more significant slide of 6.2%. The fluctuations in these tokens underscore the volatility often seen in the meme coin sector, where price movements can be heavily influenced by social media trends and speculative trading.

Conclusion

The cryptocurrency market continues to demonstrate its dynamic nature, with Bitcoin maintaining a strong weekly performance despite recent declines. Ether’s minor drop is tempered by the potential approval of a spot ETF, which could bolster its market position. Meanwhile, Solana’s recent rise reflects optimism around its forthcoming ETF, while ADA and XRP, along with meme tokens like DOGE and SHIB, face varying degrees of market pressure. As always, staying informed about these developments is crucial for investors navigating the ever-evolving crypto landscape.

[dencyemily]

Analyst Insights: Ethereum's Bullish Breakout Points to Promising Altseason

Ethereum's recent breakout from its established price channel has ignited excitement in the crypto community, marking a strong start to what analysts and investors anticipate as the onset of an 'Altseason.' The surge in Ethereum's price, coupled with increased holdings among top wallets, reflects a positive market sentiment and hints at a broader rally in the altcoin space.

Technical Breakout:

ProfessorAstrones, a respected figure in the crypto space, highlighted Ethereum's technical breakout from its price channel, a trend that has persisted since October. The recent breach above the upper limit of this channel signifies a robust entry into a period historically associated with strong altcoin performance. The optimistic technical outlook has fueled a shared sense of enthusiasm among analysts and investors.

On-Chain Accumulation:

Supporting the technical perspective, on-chain data reveals a notable increase in buying activity, particularly from corporate entities and high-net-worth individuals. Post the approval of the Bitcoin ETF, the top 1,000 Ethereum wallets have significantly augmented their holdings, accumulating a total of 570,000 ETH and amassing a substantial 64.6 million ETH in total. This on-chain accumulation further bolsters confidence in Ethereum's potential for growth.

Market Reaction and Performance:

The market has responded positively to these developments, with Ethereum's current price at $2,529.98, reflecting a modest gain in the last day and a noteworthy 10.58% upswing over the previous week. Ethereum's market value, now exceeding $304 billion, reflects increased market participation and positive investor sentiment. The combination of technical breakthroughs and on-chain accumulation sets the stage for Ethereum's success and potentially signals the beginning of a broader altcoin rally.

[cryptotechnews24]

Unlocking the Power of Kaspa (KAS): A Deep Dive into the Altcoin's Impressive Performance and Growth Potential

Kaspa (KAS) has been on an impressive bullish run, maintaining an upward trajectory for three consecutive days, positioning itself as one of the top-performing altcoins in July. At the time of this writing, Kaspa is trading at $0.04223, representing a notable 13.01% increase in the past 24 hours. This impressive uptrend has led to an astounding surge of over 80.52% in the trailing 30-day period.

Kaspa's Enigmatic Power in the Blockchain World

Kaspa stands out in the blockchain landscape as it operates on a Directed Acyclic Graph (DAG)-powered proof-of-work (PoW) platform. Its emergence coincided with the need for an Ethereum (ETH) alternative after the transition of Ethereum from PoW to proof-of-stake (PoS) last year. Growth Drivers for Kaspa - Diverse Community and Increased Adoption: Kaspa's native community has been a driving force behind its growth, accumulating and supporting the project consistently. Furthermore, the entry of buyers from other protocols, like Ethereum, has contributed to bolstering Kaspa's appeal across the entire crypto space. - Utility and Performance Focus: Unlike many competitors in the market, Kaspa is prioritizing utility and performance over mere hype. The platform boasts an impressive throughput rate, capable of processing up to 100 blocks per second, making it exceptionally suitable for enterprise adoption. - Developer Team and Functionality Upgrades: The dedicated team of developers working on Kaspa has been instrumental in continuously enhancing its functionalities. Recently, they introduced a new update, further fortifying the platform's capabilities. Climbing the Ranks Kaspa's recent impressive growth has propelled it up the rankings, currently standing at the 208th position. However, there is a prevailing perception that the coin is still undervalued. With a series of upgrades and dApps in the pipeline, Kaspa holds the potential for further uptrend before the end of Q3.

Conclusion

Kaspa (KAS) has exhibited remarkable bullish momentum, making it one of the standout performers among altcoins in July. Its Directed Acyclic Graph (DAG)-powered proof-of-work (PoW) platform sets it apart in the blockchain world, and with the support of a dedicated community and growing adoption, its appeal continues to expand. Focusing on utility and performance, Kaspa stands out as a strong contender for enterprise adoption. As the team of developers keeps upgrading the platform, the potential for further uptrend remains high, positioning Kaspa for a promising future in the crypto market. For more articles visit: Cryptotechnews24 Source: u.today

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[exnori]

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[samdrews]

Bitcoin (BTC) gained significant momentum this week, pushing toward a $1 trillion market cap. Trading over $23,000 and approaching $23,500, Bitcoin leads the crypto market surge.

Cryptocurrencies prices heatmap, source: Coin360

Altcoins also saw strong gains despite Bitcoin dominating the spotlight. Ethereum (ETH) remains above $1,500, while Ripple (XRP) is up 1.60% at $0.4165, and Polkadot (DOT) has risen 2.42%.

Altcoin season is evident with Cardano (ADA), Binance Coin (BNB), Litecoin (LTC), Bitcoin Cash (BCH), and Chainlink (LINK) all recording minor gains. The overall crypto market capitalization has surged past $1 trillion, though Bitcoin’s dominance has dropped to 41.17%.

Top gainers include GALA, up over 27%, and other strong performers like Trust Wallet Token, Avalanche, Enjin Coin, Flax Share, and GMX token, each gaining over 10%.

Top gainers and losers of the day: CoinMarketCap

Despite Genesis Capital’s bankruptcy on Jan. 19, the market sentiment remains bullish, with investors continuing to enter the crypto space. Over the week, market capitalization climbed 7%, and 11 of the top 80 coins saw gains of 18% or more.

Bitcoin price analysis

Bitcoin is at $23,003.26, up 0.13% in the last 24 hours, with a market cap of $444.7 billion. Bitcoin has risen 36% over the past 30 days, with support at $22,200 and resistance at $24,000. Trading above the 21-day EMA, Bitcoin shows bullish control, with the RSI above 50 and a positive MACD indicating potential sideways trading before another move.

Ethereum Price Analysis

Ethereum is trading at $1,591.12, consolidating above $1,500 despite a slight dip. Its market cap is $186 billion. Up over 33% in the past 30 days, Ethereum shows bullish sentiment. Support is at $1,540 and resistance at $1,620. A stagnant triangle pattern suggests an imminent directional move, with the RSI neutral and MACD bullish. The Stochastic RSI in the overbought zone indicates a potential pullback before further gains. Overall, the sentiment remains positive for ETH.

In January's final week, the market cap surpassed $1 trillion, while Bitcoin’s dominance rose.

[ragniamit]

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[coineagle]

Ethereum Soars: Experts Verify Arrival of Anticipated ‘Altcoin Season’

Key Points

Ethereum’s recent price surge and transaction velocity may indicate the beginning of an altcoin season.

Chainlink displays significant growth, suggesting a bullish sentiment in the altcoin market.

Ethereum, the second-largest cryptocurrency by market capitalization, has recently shown considerable strength. Over the past day, Ethereum’s price has risen by almost 10%, reaching a trading price of $3,374.

Even though it’s still around 30% below its highest record of $4,878 in 2021, this recent rally could indicate a potential bullish trend in the wider altcoin market.

Signs of an Altcoin Season

CryptoQuant analyst Mac.D suggested the start of an altcoin season on the QuickTake platform, using Ethereum’s circulating velocity and transaction growth as evidence.

Historically, velocity, a measure of how fast coins circulate in the market by dividing the annual coin movement by the total supply, has increased during altcoin market rallies.

Despite the current low velocity levels, about seven times the total supply, Ethereum’s role as a primary collateral asset for institutional investors could be crucial. The analyst noted that a rise in Ethereum’s price might stimulate DeFi liquidity and confirm the start of an altcoin season.

Ethereum’s recent gains are part of a broader narrative. Even though Bitcoin has outpaced Ethereum in recent rallies, Ethereum’s role as a backbone for DeFi and a preferred choice for institutional collateral positions it for substantial influence.

However, Ethereum faces challenges such as competition from faster and cheaper blockchain networks like Solana, Tron, and Aptos. But as Ethereum’s transaction growth and velocity improve, it is expected to drive liquidity creation, benefiting the altcoin ecosystem.

Chainlink’s Growth

Chainlink, a leading altcoin, supports the altcoin season theory. Chainlink has seen a 16.6% increase in the past week, with its trading price reaching $15.26.

This growth aligns with Ethereum’s rising activity and suggests a broader altcoin momentum. Key metrics support this case: Chainlink’s active addresses—a measure of retail interest—have surged, increasing from below 2,000 in October to over 5,000 by 21st November, according to Glassnode.

Chainlink’s derivatives data also shows bullish signs. Data from Coinglass indicates a 7.76% increase in Chainlink’s open interest, now valued at $294.88 million.

Moreover, Chainlink’s open interest volume has risen by 0.86%, reaching $726.97 million. These metrics suggest heightened investor activity and confidence in Chainlink’s near-term performance.

[blockinsider]

Ethereum (ETH) Value Skyrockets Despite Diminished Interest from Large-Scale Investors

Key Points

Ethereum (ETH) price is showing a significant bullish divergence despite low demand from whale investors.

The Ethereum ecosystem remains a favorite among institutional investors despite recent low bullish momentum.

As Bitcoin (BTC) holders get ready to celebrate the $100K milestone, Ethereum (ETH) price is facing a key resistance range between $3,380 and $3,427.

The large-cap altcoin, with a fully diluted valuation of about $402 billion and a daily average traded volume of about $56 billion, gained around 9% on Thursday, indicating a potential rise soon.

Ethereum’s Bullish Momentum

After a more than 35% increase in the last three weeks, the ETH/USD pair recently broke out of a falling channel, which started in mid-March this year.

This breakout has led to significant bullish momentum in the wider altcoin market, led by Solana (SOL) and XRP, with a notable increase in FOMO trades.

Despite recent on-chain activity registered by Solana, the Ethereum network remains a favorite among institutional investors seeking to tokenize real-world assets due to its tested security and vibrant developments.

High Demand for Ethereum

The demand for Ethereum remains high as evidenced by its notable daily average trading volume.

Cryptoquant, an onchain analytics provider, revealed that Ethereum futures open interest across all crypto exchanges crossed the $20 billion level, setting a new all-time high.

However, Ethereum price has experienced low bullish momentum compared to Bitcoin in recent months, led by the poor performance of the spot Ether ETFs.

Grayscale’s ETHE has continued to decline since the approval by the US SEC earlier this year.

After a net cash outflow of about $27 million on Thursday, the ETHE has now lost over $3.3 billion.

As a result, the overall Ether supply on centralized exchanges has been increasing recently, thus impacting bullish sentiment.

Midterm Outlook

For the past three years, Ethereum has been losing to Bitcoin as traditional capital markets join the web3 space.

The ETH/BTC pair has been dropping rapidly since May this year, thus fueling the ongoing Bitcoin price rally to a new all-time high of above $99k.

However, a shift has been brewing in the background, and a major rebound of the ETH/BTC pair is expected in the near term.

Moreover, the weekly Bitcoin dominance has been forming a reversal pattern coupled with a bearish divergence of the Relative Strength Index (RSI).

From a technical analysis standpoint, if Ethereum price closes this week above $3,400, the chances of ending November in a bullish outlook will be extremely high.

In such a scenario, Ether price will be well primed for a rally towards $4K, setting the stage for a new trend to price discovery, potentially in early 2025.

[cryptogirl2024]

Bitcoin Bulls Hold Strong Above $97K Amid Extreme Greed Sentiment

Bitcoin (BTC) maintains its bullish momentum, trading above $97,000 as market sentiment reaches the “Extreme Greed” zone. CryptoRank reports Bitcoin’s dominance climbing to 57.65%, a 2.02% increase, reflecting its growing market influence.

Over the past 24 hours, Bitcoin has surged 4.45%, driving the cryptocurrency market capitalization to $3.35 trillion—a 2.28% gain. The Fear & Greed Index hit 82, signaling heightened investor optimism but cautioning against potential market overheating.

Top cryptocurrencies show mixed performances. Solana (SOL) rose 2.48%, while Cardano (ADA) declined 6.93%, showcasing ongoing market volatility. Meanwhile, lesser-known altcoins like Flat Earth Society (FLATEARTH) soared 600.3%, with Ropirito and Dolos The Bully gaining 317.5% and 104.6%, respectively.

The breakout above $97,000 hints at Bitcoin’s potential to hit $100K before the month ends. However, analysts urge vigilance as extreme market greed could signal an impending correction.

[cryptoventoureglobbal]

Cryptocurrency News Today: Breaking Updates with Crypto Venture

In the fast-evolving world of digital currencies, staying informed about the latest trends, updates, and innovations is crucial. Today’s cryptocurrency news from Crypto Venture brings you a snapshot of the market dynamics, technological advancements, and key developments shaping the crypto landscape. Whether you’re looking for crypto coin news today, updates on Bitcoin price today, or the latest on Shiba Inu coin news, we’ve got you covered.

Bitcoin Price Today: A Market Leader’s Performance

Bitcoin (BTC), the flagship cryptocurrency, continues to dominate the market. With its price fluctuations capturing global attention, today's updates show [insert specific BTC price movements and trends here]. Whether it’s breaking a resistance level or testing new support, Bitcoin’s trajectory remains a focal point for investors. Get the latest Bitcoin price today and Bitcoin news only on Crypto Venture.

Ethereum's Road to Innovation

Ethereum (ETH), known for its smart contract capabilities, is making waves with [mention any major upgrade, ETH price trend, or notable projects on Ethereum]. The recent [specific event or update] is set to boost the network's efficiency and scalability. Discover the latest in coins news crypto and Ethereum updates with Crypto Venture.

Shiba Inu Coin News: Meme Coin Mania

Shiba Inu (SHIB) has garnered significant attention from both the crypto community and mainstream media. Recent updates reveal [mention recent Shiba Inu news, such as new listings, partnerships, or token burns]. As one of the most popular meme coins, its potential to disrupt the market cannot be ignored. Stay tuned to Crypto Venture for real-time Shiba Inu coin news and market analysis.

Altcoin Trends: Spotlight on Emerging Cryptos

Beyond Bitcoin and Ethereum, several altcoins are gaining traction. Coins like [mention specific altcoins] have seen [highlight specific growth percentages or events] in the past 24 hours. These emerging players are shaping the decentralized finance (DeFi) ecosystem and beyond. Crypto Venture delivers the latest crypto coin news today to keep you informed about these rising stars.

Regulatory Updates: What’s New?

Cryptocurrency regulations are continually evolving. Today’s news highlights [mention any major regulatory news, such as government actions, international guidelines, or compliance measures]. With increasing global attention on compliance, staying informed about these developments is vital. Follow Crypto Venture for up-to-date cryptocurrency news today and insights into regulatory changes.

NFT and Metaverse Developments

Non-fungible tokens (NFTs) and metaverse projects continue to be hot topics in the crypto world. New launches like [specific NFT collections or metaverse partnerships] are reshaping digital ownership and virtual reality experiences. Get exclusive updates on the NFT revolution with Crypto Venture.

Market Sentiment and Predictions

Market analysts are forecasting [mention any expert predictions or trends]. With a mix of bullish and bearish sentiments, understanding the broader crypto market mood is essential for making informed decisions. Discover insights on coins news crypto and predictions for the cryptocurrency landscape with Crypto Venture.

Stay Updated with Crypto Venture

For more real-time updates on Bitcoin price today, Shiba Inu coin news, coins news crypto, and the latest cryptocurrency news today, visit Crypto Venture. As the world’s first video platform dedicated to crypto, AI, and NFT news, Crypto Venture simplifies complex market updates, ensuring you never miss out on critical information.

[dencyemily]

Delving into Market Dynamics: SOL, WOO, and BEAM - A Crypto Trio's Exploration

In the dynamic and often unpredictable world of cryptocurrencies, Solana (SOL) has recently demonstrated remarkable resilience, standing tall with a closing value of $101.30. Despite the inherent volatility in the crypto market, SOL exhibited a notable gain of 4.22%, solidifying its position as the 5th largest cryptocurrency with a substantial market capitalization of $42.97 billion.

A key metric indicating Solana's robust presence in the market is the Volume/Market Cap ratio, currently sitting at a healthy 4.70%. This ratio underscores a well-balanced liquidity-to-market capitalization relationship, suggesting a strong market presence. Despite a minor correction of 1.52% over the past day, SOL's overall bullish trend remains intact, with a trading volume of $2.05 billion further supporting its market robustness.

Investors and crypto enthusiasts are advised to keep a close eye on potential support levels, as Solana continues to assert its dominance and establish a promising trajectory within the dynamic crypto landscape.

Wootrade (WOO) Surges with a 5.82% Gain, Demonstrating Market Demand

Amidst the vast array of cryptocurrencies, Wootrade (WOO) has emerged as a standout performer, showcasing an impressive gain of 5.82% and reaching a current price of $0.4496. Positioned as the 83rd largest cryptocurrency, WOO boasts a market capitalization of $814 million. What sets Wootrade apart is its extraordinary volume dominance, recording a staggering 74.49% in the last 24 hours, indicating robust demand for this asset.

The Volume/Market Cap ratio further strengthens WOO's appeal, standing at 4.64%, signifying a substantial and well-distributed liquidity profile. Wootrade's exceptional market position positions it as a compelling option for traders seeking opportunities within the vibrant altcoin space.

While the surge in volume dominance could be attributed to positive developments within the Wootrade ecosystem, traders should remain vigilant for potential breakout patterns or key support and resistance levels. Wootrade's strong market presence positions it as a formidable contender in the evolving crypto landscape.

Beam (BEAM) Faces Minor Correction Amidst Stable Liquidity Dynamics

In the expansive and ever-evolving cryptocurrency market, Beam (BEAM) recently experienced a slight correction, witnessing a 1.52% dip and bringing its value to $0.09618. Currently ranked as the 849th cryptocurrency by market cap, Beam's current market capitalization stands at $14,249,077. Despite the short-term decline, BEAM maintains a healthy volume/market cap ratio of 6.34%, indicating a reasonable level of liquidity.

The correction in Beam's value can be attributed to factors such as profit-taking by short-term traders or a natural market adjustment. Technical analysis suggests that BEAM might be entering a consolidation phase, prompting traders to observe potential support levels in the coming days.

Beam's resilient liquidity profile offers potential entry points for traders navigating the complex and dynamic crypto market landscape.

Navigating Unique Crypto Narratives: Solana, Wootrade, and Beam

In conclusion, Solana (SOL), Wootrade (WOO), and Beam (BEAM) contribute distinctive narratives to the cryptocurrency market. Solana's resilience and minor correction present strategic opportunities, while Wootrade's exceptional volume dominance solidifies its position in the altcoin space. Beam, despite a short-term decline, maintains a strong liquidity profile, providing opportunities for informed traders.

The ever-evolving crypto landscape demands careful attention to these dynamic narratives, ensuring that investors and traders stay well-informed for making judicious decisions in this exciting and unpredictable market.

[adityanathyogi]

Crypto Venture: Your Ultimate Destination for Real-Time Bitcoin Price Updates and Latest Cryptocurrency News

Cryptocurrencies are rapidly transforming the financial landscape, with coins like Bitcoin and Shiba Inu taking center stage in this digital revolution. To stay updated with the fast-paced changes in the crypto world, it’s essential to have a reliable source of information. Crypto Venture, the world’s first video platform for real-time updates on Bitcoin prices and crypto coin news today, is here to simplify the complexities of digital assets, artificial intelligence (AI), and non-fungible tokens (NFTs). Let’s explore how Crypto Venture can help you stay ahead of the curve.

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Navigating the Dynamic World of Cryptocoins

The emergence of new cryptocoins is reshaping the investment landscape. Cryptocurrencies like Ethereum, Litecoin, and Shiba Inu have garnered significant attention from both retail and institutional investors. With Crypto Venture, you can stay updated on the latest cryptocoin news and gain insights into the performance of these assets. We offer expert analysis and video content that breaks down complex cryptocurrency concepts, making it easier for you to make informed decisions.

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In the world of digital assets, timing is everything. Whether you are a seasoned investor or just starting, having access to cryptocurrency news today can make all the difference. At Crypto Venture, we provide up-to-the-minute updates on the crypto market, covering everything from Bitcoin news to emerging altcoins. Our platform is designed to give you an edge by delivering the latest information directly to you, ensuring you never miss out on important updates.

Bitcoin Price Today: What’s Driving the Market?

Bitcoin remains the most influential cryptocurrency, often setting the tone for the entire market. Tracking the Bitcoin price today is crucial for understanding broader market movements. At Crypto Venture, we offer real-time updates and analysis on Bitcoin price trends, helping you stay ahead of market fluctuations. Our expert insights dive deep into the factors influencing the price of Bitcoin, including market demand, regulatory news, and macroeconomic indicators.

Shiba Inu Coin News: The Latest Updates You Need to Know

The rise of meme coins like Shiba Inu has introduced a new dynamic to the cryptocurrency market. As one of the most talked-about altcoins, Shiba Inu continues to capture the attention of crypto enthusiasts. If you are looking for the latest Shiba Inu coin news, Crypto Venture is your go-to source. We cover the latest developments, including price movements, community updates, and potential future trends for this popular cryptocurrency.

Expert Insights on Cryptocurrency and Blockchain Technology

Understanding cryptocurrency news goes beyond just following price trends. It’s about gaining insights into the technology behind these digital assets. At Crypto Venture, we simplify complex concepts like blockchain, smart contracts, and decentralized finance (DeFi). Our video content provides clear and concise explanations, making it accessible even for those who are new to the crypto world.

Coin in Market: Tracking New and Emerging Cryptocurrencies

The landscape of coins in the market is constantly evolving, with new projects being introduced every day. Whether it's a new meme coin or a promising DeFi token, Crypto Venture keeps you informed with comprehensive coverage of the latest coins news crypto. Our platform features video updates, detailed articles, and expert opinions, all aimed at helping you stay ahead of market trends.

The Role of AI and NFTs in the Future of Crypto

The integration of AI and NFTs into the crypto ecosystem is creating new investment opportunities. At Crypto Venture, we provide insights into how artificial intelligence is influencing cryptocurrency trading and how NFTs are redefining ownership in the digital space. Our platform brings together the latest updates on these cutting-edge technologies, making it easy for you to understand their impact on the broader crypto market.

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In a world where information is power, Crypto Venture stands out as a unique platform offering real-time video updates on Bitcoin prices, crypto coin news, and the latest trends in the digital asset market. Here’s why you should choose us:

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The cryptocurrency market is evolving rapidly, and staying updated can be challenging. With Crypto Venture, you get a comprehensive, real-time video news platform that delivers insights on Bitcoin prices, crypto coin news today, and the latest in emerging technologies like AI and NFTs. Whether you are a seasoned investor or new to the crypto space, our platform offers the information you need to make informed decisions.

Stay ahead of the game with Crypto Venture, your go-to source for all things crypto. Visit us at Crypto Venture and explore the future of digital finance today.

[mannawealthmanagement]

Bitcoin Jumps Over 16% in a Week: Hopes for Crypto-Friendly U.S. Policies Drive Market Optimism

The cryptocurrency market has experienced a significant upswing, with Bitcoin posting an impressive 16% weekly gain as optimism grows about potential crypto-friendly policies under a new U.S. administration. This surge comes amid heightened momentum in the crypto space, despite ongoing regulatory challenges and market volatility.

Bitcoin’s Resilience and Market Gains

As of this week, Bitcoin stands firm at around $889,000, marking a sharp rise from its prior levels. This substantial growth outpaces traditional financial markets, with the S&P 500, by comparison, slipping by 2% over the same period. Meanwhile, other major cryptocurrencies such as Ethereum and Solana have also posted modest weekly gains of 3% and 5%, respectively.

This rally reflects increasing investor confidence, with many attributing it to optimism surrounding regulatory clarity and the prospect of favorable policy changes in the United States.

A New Dawn for Crypto Regulation?

The potential for a more crypto-supportive environment under the next U.S. administration has sparked discussions across the industry. Analysts point to recent comments from policymakers, indicating a potential pivot towards viewing cryptocurrencies as strategic assets.

The idea of a strategic Bitcoin stockpile, discussed at events such as Bitcoin 2024, suggests that the U.S. government may begin accumulating Bitcoin from its enforcement actions rather than liquidating these holdings. According to Will Peck, Head of Digital Assets at WisdomTree, this move could fundamentally reshape market dynamics and signal a significant shift in governmental approach to cryptocurrency.

This development comes against the backdrop of ongoing legal and regulatory challenges. For instance, a lawsuit filed by attorneys general from 18 states, along with the DeFi Education Fund, accuses the SEC of regulatory overreach, further underscoring the tension between state and federal crypto policies.

Notable News in the Crypto Space

Several key stories have shaped the week in cryptocurrency:

Bitfinex Hacker Sentenced Ilya Lichtenstein, responsible for the 2016 Bitfinex hack that resulted in the theft of $70 million worth of Bitcoin (valued far higher today), has been sentenced to five years in prison. Prosecutors labeled him one of the most significant money launderers in the crypto space.

Market Reactions Despite the hacker’s conviction and minor losses in some altcoins, Bitcoin’s rise highlights its resilience and dominance in the cryptocurrency market.

Broader Market Dynamics Discussions around a U.S. Bitcoin stockpile have fueled speculation about broader implications, including price volatility and global market competition. The possibility of other nations preemptively adopting similar strategies could further drive demand and increase Bitcoin's valuation.

Strategic Implications for Investors

The concept of treating Bitcoin as a strategic reserve asset has profound implications. For Bitcoin enthusiasts, this development could validate their long-term belief in the cryptocurrency’s value proposition. For the broader crypto ecosystem, however, questions remain about how such moves might impact altcoin markets and other blockchain networks.

Bitcoin’s limited supply creates a straightforward supply-demand dynamic, with increased government or institutional accumulation potentially driving prices higher. However, the ripple effects on Ethereum, Solana, and other cryptocurrencies may vary, potentially leading to a divergence in performance across digital assets.

How to Navigate the Market?

As Bitcoin’s momentum continues, investors are increasingly turning to professional advisory services to navigate the complexities of the cryptocurrency market. Platforms like Manna Wealth Management offer tailored cryptocurrency advisory services to help individuals and institutions make informed decisions, leveraging expertise in digital assets and blockchain technology.

Final Thoughts

Bitcoin’s 16% weekly rise underscores its staying power in a highly volatile market. With talks of a U.S. Bitcoin stockpile, a new regulatory landscape, and growing institutional interest, the cryptocurrency’s future appears brighter than ever. However, investors should remain cautious, keeping a close eye on regulatory developments and market trends to manage risk effectively.

For those looking to delve deeper into cryptocurrency opportunities or seeking tailored investment strategies, explore the insights and services provided by Manna Wealth Management. Whether you're a seasoned investor or just starting, expert guidance can make all the difference in navigating this rapidly evolving market.

[reynoldsryanstr]

Top 10 Crypto Investment Tips Every Finance Enthusiast Should Know

One of the booming sectors that has revolutionized the financial sector is cryptocurrency. It has been luring investors and enthusiasts with promises of high returns, a decentralized structure, and technical innovation, among other attractive features. However, cryptocurrency investment is hazardous and attractive at the same time. Volatility and regulatory uncertainty add layers of complexity to this arena. Hence, to succeed in this relatively challenging but exciting space, you must first be equipped with the relevant information and methods. Here are the ten cryptocurrency investment recommendations that every financial enthusiast ought to know to maximize possible earnings while minimizing dangers:.

1. Start with Research: Understand the Fundamentals of Cryptocurrency

Let's learn the basics before entering this exciting world of cryptocurrency investment. Cryptocurrencies primarily utilize blockchain technology, which can be essentially considered a digital, decentralized ledger that records safely transaction data. Bitcoins and Ethers, the two most popular cryptocurrencies, have differing use cases, valuations, and market activities. Research helps determine which ideas could promise long-term success and which are just hype.

Key Aspects to Research:

The Technology: Know how blockchain and consensus mechanisms work.

Market Trends: Understand which assets are gaining traction and why.

Risks and Rewards: Learn about the unique risks of crypto investing.

Knowledge of the fundamentals will provide a solid foundation for evaluating individual cryptocurrencies.

2. Diversify Your Portfolio

This is particularly the case in cryptocurrency investments, where the old saying "don't put all your eggs in one basket" actually comes into effect. As the cryptocurrency market continues to experience extreme volatility, diversifying your portfolio across different types of digital assets can potentially make you better at controlling your risks.

Diversification Tips:

Include Stablecoins: Assets like USDT (Tether) provide stability during downturns.

Venture Beyond Bitcoin and Ethereum: Explore emerging altcoins with real-world use cases.

Allocate by Risk Level: High-risk coins can yield high rewards but come with greater risk, so consider a mix of established and newer assets.

Diversification allows you to reduce losses from any single asset's poor performance.

3. Assess Your Risk Tolerance

Investing in cryptocurrencies is not for the faint of heart: quite severe price fluctuations are typical to the market, so you have to judge your own risk tolerance before investing. Some cryptocurrencies may change price by hundreds of dollars in just a few minutes.

Steps to Assess Risk Tolerance:

Evaluate Financial Goals: Are you looking for quick gains or long-term growth?

Determine How Much You Can Afford to Lose: Only invest what you’re prepared to lose.

Analyze Your Reaction to Volatility: Crypto markets are unpredictable; make sure you’re comfortable with this.

Understanding your own risk tolerance will guide you in making informed investment choices.

4. Keep Up with Market News and Trends

The price is constantly being influenced by new events and news in the cryptocurrency market. With the current trends and announcements, you are going to make timely decisions.

Common Information Providers:

Crypto news sites: CoinDesk and CoinTelegraph provide news in real-time.

Analysis Platforms: Assets that are used by tools such as CoinMarketCap provide insights about their performance.

Very popular social media platforms like Twitter and Reddit contain high volumes of breaking news in crypto groups.

Being updated keeps you up to speed on any information that may be influential on your assets.

5. Choose a Reliable Exchange

The choice of a good exchange is crucial because it ensures that both transaction safety and usability are easy to come by. Your exchange will be the interface between you and the blockchain, which will facilitate your trades and hold your assets.

Top Qualities of a Good Exchange:

Reputation: Check reviews and security history of exchanges like Binance, Coinbase, and Kraken.

Security Features: Look for exchanges with two-factor authentication (2FA) and cold storage options.

User-Friendly Interface: A user-friendly platform can simplify trading and minimize errors.

A reliable exchange protects your assets and ensures smooth transaction processing

6. Practice Proper Security Measures

With scams, hacks, and phishing attacks very rife in the cryptocurrency market, security should be among your top concerns when investing. Great security measures will keep you from losing your assets.

Security tip:

Use a hardware wallet. A cold wallet such as Ledger or Trezor stores your funds offline, safe from the threats of the internet.

Turn on 2FA: Two-factor authentication provides an additional layer of security to your account.

Avoid public Wi-Fi; for a hacking-free activity, only get to access your accounts in secure networks.

Security emphasis would also help you avoid losing your assets because of cyber dangers.

7. Beware of FOMO and Emotional Trading

In the highly volatile cryptocurrency market, FOMO is responsible for impulsive decisions which again proves to be a loss-making affair. When you are emotionally trading, where you tend to buy because of emotions or out of fear, it gets pretty hazy.

How to Avoid FOMO:

Follow your investment strategy. Remain disciplined and avoid getting trapped in hype.

Establish Feasible Expectations: Since the dynamics of the cryptocurrency market cannot be foreseen, you need to remain streamlined about what you want to achieve.

Understand market cycles: it could help differentiate bull and bear patterns from panic falls.

Emotional stability helps avoid unwanted loss accumulation through market fluctuations.

8. Learn About Different Investment Strategies

One needs to apply specific investment strategies in cryptocurrency based on objectives and risk appetite. Popular ones include HODLing, day trading, and staking.

Popular Investment Strategy:

HODLing refers to the practice of holding the assets in the long run so that turbulence in the markets can be weathered.

Day trading is one where lots of buying and selling take place in the run to maximize short-term profits.

Staking: Earning rewards for holding assets in a proof-of-stake network.

This will also enable you to select a plan that is in line with your objectives and can help you make proper financial selections.

9. Understand the Role of Regulations

Cryptocurrency rules differ by jurisdiction and have a substantial influence on market dynamics. Regulatory changes might have an impact on cryptocurrency pricing and investor access.

Regulatory Points to Consider:

Tax implications: Understand how capital gains tax may impact your cryptocurrency profits.

Country-Specific Regulations: Some nations impose limitations on certain currencies or transactions.

The Future of Regulation: Prepare for changing restrictions as countries attempt to control the cryptocurrency business.

Staying informed about regulatory developments can help you navigate potential risks.

10. Don’t Overlook the Tax Implications

Well, it's been said that in most countries, profits from cryptocurrency are considered taxable. Hence, and for other obvious reasons, knowing how to control taxes on cryptocurrency gains will keep you away from legal problems as well as financial shocks.

Crypto Tax Tips:

Keep the bookkeeping: You would be able to keep and account for your transactions clearly so that you can be properly reported.

One needs to see a tax professional. Since tax laws associated with cryptocurrency are quite convoluted, expert assistance will be very helpful.

Record Gains and Losses: Most countries mandate the recording of both gains and losses.

Understanding the tax implications ensures compliance with laws and can help you avoid penalties.

Conclusion

Investing in bitcoin has tremendous growth potentials but poses its own risks and complexity. The following ten crucial suggestions are going to assist one to approach cryptocurrency investment with a fully rounded plan, right from basic research and portfolio diversification to understanding tax and laws. The cryptocurrency sector is growing rapidly; therefore, a great amount of knowledge and discipline will be required. Then, finance enthusiasts would then find themselves capable of handling volatility on the cryptocurrency markets using a smart investment strategy and possibly enjoying significant benefits.

[coineagle]

Is Bitcoin Losing Ground? Strong Gains for Solana, XRP Challenge Dominance

Key Points

Bitcoin’s dominance falls below 58%, indicating the possible start of altcoin season.

Altcoins such as XRP, Solana, and ADA are outperforming Bitcoin, reflecting increased market interest.

Despite Bitcoin (BTC)‘s impressive price surge, breaking the $65K resistance and reaching a peak of $92,903.98, its dominance in the cryptocurrency market has slipped below 58%.

In the last 24 hours, Bitcoin saw a 1.34% increase, and over the past week, it rose by 6.35%. Its monthly performance is even more remarkable, soaring by 35.58%, demonstrating its strong market momentum.

Is Bitcoin Losing Dominance?

However, despite Bitcoin’s strong performance, there are signs that the cryptocurrency landscape might be changing. According to a recent analysis by QCP Capital, a Singapore-based trading firm, Bitcoin’s dominance falling below a critical threshold could trigger the rise of altcoins.

Historically, altcoins have thrived when Bitcoin consolidates after a strong rally. Traders often shift profits into smaller-cap coins. But QCP Capital warns that many investors remain cautious, especially as Bitcoin nears the significant $100,000 milestone.

Altcoins Outperforming Bitcoin

Despite investor caution, QCP believes that a combination of a potential Donald Trump victory in the U.S. presidential election and anticipated interest rate cuts by the Federal Reserve could catalyze a robust altcoin rally in the near future.

Over the past two years, Bitcoin has consistently outpaced altcoins. However, recent weeks have seen a shift, with altcoins like Solana, Cardano, and Ripple gaining ground and outperforming Bitcoin.

Latest data from CoinMarketCap shows that Bitcoin has experienced a 6.47% increase over the past week. In contrast, altcoins like Solana, XRP, and Cardano saw hikes of 15.77%, 64.33%, and 48.70% respectively.

This shift is also reflected in the rise of the Altcoin Season Index from 33 to 39, highlighting the growing interest in assets like XRP, Dogecoin, and Bonk. If Bitcoin struggles to regain its dominance, the current trend could mark the early stages of an altcoin season, offering investors the opportunity for greater diversification in their crypto portfolios.

[blockinsider]

Has Ethereum (ETH) Lost its Charm Among Investors?

Key Points

Ethereum (ETH) has underperformed in 2024, with only 36% gains year-to-date, compared to Bitcoin and other altcoins.

Research suggests Ethereum’s underperformance is likely to continue, with only a 10% chance of breaching the $4,000 milestone by year-end.

In 2024, while Bitcoin and several other altcoins have produced close to three-digit percentage returns, Ethereum has lagged behind with a 36% gain year-to-date.

Compared to its peers in the altcoin space, Ethereum has been an underperformer.

Ethereum’s Performance in 2024

Bitcoin and most altcoins have achieved a new all-time high in 2024. However, Ethereum’s price is still 40% down from its all-time high of $4,841 in 2021.

This indicates that investor interest in Ethereum has been lagging, despite the launch of a spot Ethereum ETF this year.

According to new research from Amberdata, Ethereum’s underperformance is likely to persist until the end of the year.

The data also indicates that Ethereum has only a 10% chance of surpassing the $4,000 mark by year-end, based on the Ethereum options-based probability density function.

Conversely, traders are betting on Bitcoin’s price reaching the $100,000 level.

The likelihood of Ether trading at different price levels over various periods is demonstrated by the Probability Density Function (PDF) and Cumulative Distribution Function (CDF).

This data is derived from Ether options trading activity on Deribit, a leading cryptocurrency options exchange.

Why Ethereum Price Is Not Going to $4,000?

Currently, traders are pricing in only a 10% probability of Ether surpassing the $4,000 mark by the December 27 expiry.

This suggests that the anticipated regulatory pivot under Trump’s presidency has not substantially boosted investor confidence in Ethereum, despite its positive impact on DeFi-focused tokens.

Furthermore, Amberdata attributes the poor outlook for Ethereum to its weak fundamentals.

Amberdata’s Director of Derivatives, Greg Magadini, stated that Ethereum faces serious headwinds as the value proposition of “sound money” has flipped to inflation supply.

He believes that this is significantly dragging prices down.

Additionally, inflows into spot Ethereum ETFs have slowed a week after Donald Trump’s victory. Over the last three days, the net flows have once again turned negative.

Despite this, some market analysts remain bullish about Ethereum.

Interestingly, they don’t just expect a new all-time high but rather the Ethereum price giving 3x returns from here onwards.