November 9, 2024

Fed Chair Jerome Powell’s Remarks Ripple Through Crypto Market: Details By U.Today

U.Today – The markets are paying close attention to recent comments from Fed Chairman Jerome Powell at a post-meeting press conference held Thursday. Bloomberg has shared a few takeaways along these lines, noting that, overall, Powell tried not to offer forward guidance on where rates might go from here, leaving his options open for the December meeting and beyond. Powell emphasized that the economy is strong, so officials can take

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November 9, 2024

Ripple CEO Garlinghouse’s Big Take On SEC Lawsuit, XRP ETF, & Trump’s Checklist

Ripple CEO Brad Garlinghouse talks about what Donald Trump’s re-election means for the crypto industry, the Securities and Exchange Commission (SEC) lawsuit end, and the potential launch of XRP ETF. Garlinghouse weighs on the crypto checklist to Trump, with clear regulation for the crypto industry as the major agenda. Ripple CEO Insights on Donald Trump Re-Election In an interview with BBC on November 8, Ripple CEO Brad Garlinghouse talks about

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November 9, 2024

Galaxy (GLXY) Is Looking to Turn All of Its Bitcoin (BTC) Mining Into AI Computing Facility as Revenue Falls

Galaxy said mining revenue fell by 23% from the previous quarter, even as total hashrate, or mining power, increased by 11% due to the halving, higher mining difficulty and seasonal operation curtailments. Despite Galaxy’s mining woes, the firm narrowed its third-quarter net loss and its operating revenue grew more than 30% from previous quarter, according to the statement. The shares jumped more than 7% in Toronto on Thursday, while bitcoin

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November 9, 2024

Bitcoin Will Surpass $250,000, Says Analyst PlanB – Here’s His Timeline

Popular quant analyst PlanB says Bitcoin (BTC) is now set up to have a series of big rallies based on historic precedence. In a video update, the pseudonymous analyst tells his 182,000 YouTube subscribers that his stock-to-flow (S2F) model indicates Bitcoin could exceed $250,000 in the coming years. His stock-to-flow (S2F) model, which was traditionally used for traditional commodities before he adapted it to Bitcoin, predicts the performance of an

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November 9, 2024

Ethereum Price To Hit $10K As BTC Eyes $200K Rally: Standard Chartered

In a recent bold forecast, Standard Chartered said that Ethereum price is poised to hit $10,000 in the near term, sparking optimism amid the ongoing rally. Besides, the report also notes that besides ETH, Bitcoin is also gearing up for a strong run towards the north, potentially reaching the brief $200K mark. This forecast comes as the broader digital assets space is witnessing a positive momentum with Donald Trump’s election

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November 9, 2024

Market Impact and Policy Shifts

On election night, Nov. 5, bitcoin surged to an all-time high, breaking past $75,000 as Trump claimed victory. With a Republican sweep across Congress, this outcome is seen by the crypto community as the most favorable result for digital assets. Trump’s vocal support for crypto, along with his criticism of the SEC’s restrictive stance, has fueled expectations for a regulatory landscape that encourages innovation and growth. The market’s swift reaction,

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November 9, 2024

Spot Ethereum ETF Demand On the Rise Again, Will ETH Hit $4,000 Soon?

Inflows into the spot Ethereum ETF have been once again picking up pace, especially after the Donald Trump victory and the 25 bps Fed rate cut announcement this week. Over the last three consecutive days, the Ether ETFs have registered net inflows thereby bringing the total outflow to $324 million, dropping from the peak of $550 million a few weeks ago. Spot Ethereum ETFs See Renewed Interest Along with Bitcoin

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November 9, 2024

Is All-Time High Next? By U.Today

U.Today – The cryptocurrency has recently surged to remarkable new heights, and now its RSI (Relative Strength Index) is displaying a flattening effect at the top. This pattern is comparable to a double-top pattern in conventional RSI analysis, in which the RSI reaches comparable high levels, twice forming a ceiling of sorts. Double tops frequently indicate a possible reversal on conventional price charts, but in the case of RSI they

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