Dogecoin Resumes Uptrend, Eyes $0.10 Price Target

Dogecoin has resumed an uptrend after a rally on November 17. The price is currently above the moving average lines and if it breaks the resistance at $0.080, it is expected to rise to $0.090 and $0.10. However, if it falls below $0.080, it may trade between $0.070 and $0.080. Key resistance levels are at $0.12 and $0.14, while key support levels are at $0.06 and $0.04.

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Bitcoin Spot ETF Approval Expected to Drive $70 Billion Inflows, Sparking Price Rally

Blockchain analytics firm Glassnode predicts that the approval of a Bitcoin Spot ETF could lead to a significant influx of investor demand, potentially resulting in $70 billion flowing into Bitcoin and driving up its price. The anticipation of Spot Bitcoin ETF approvals has already caused Bitcoin futures and altcoins like Ethereum and Solana to experience price increases.

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Top Cryptocurrencies Experience Record Inflows, Institutional Buying Continues

Institutional investors are showing increasing interest in cryptocurrencies, with Solana, Ethereum, Bitcoin, XRP, and BorroeFinance being the primary beneficiaries. BorroeFinance aims to address the financing needs of the decentralized finance (DeFi) sector through invoice financing, making it an attractive investment option. With significant inflows into these cryptocurrencies, positive sentiments are driving the crypto sector, particularly with the anticipation of a spot Bitcoin ETF approval.

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SEC Files Lawsuit Against Kraken for Unregistered Operations and Fund Commingling

Cryptocurrency exchange Kraken has been sued by the SEC for allegedly conducting unregistered operations and commingling customer funds with its own. The SEC claims that Kraken traded tokens deemed securities without complying with federal securities laws, and mixed billions of dollars of customer cryptocurrency and cash with its own assets. In response, Kraken advocates for regulatory clarity and criticizes the SEC’s approach to regulation.

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Bitcoin Price Analysis: Bullish Momentum Strengthens as BTC/USD Targets Key Resistance Levels

Bitcoin maintained a positive upside bias, challenging the 38602.40 area. Bulls lifted BTC/USD to the 38013 area after stops were elected above 38066.89. Traders are observing significant technical levels around 69000 and 48240, with areas of support at 33499, 32873, 32561, 31351, and 30837. The 50-bar MA (4-hourly) is indicating bullishness above the 100-bar MA (4-hourly) and the 200-bar MA (4-hourly), while the 50-bar MA (hourly) is also indicating bullishness above the 100-bar MA (hourly) and the 200-bar MA (hourly). Technical support is expected around 31238.97/30028.62/28818.26, with resistance expected around 38584.16/39596.82/42721.31. On the 4-hourly chart, SlowK is above SlowD and MACD is above MACDAverage, while on the 60-minute chart, SlowK is above SlowD and MACD is above MACDAverage.

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Ripple’s Focus on International Payments Signals Potential Price Surge

Ripple is shifting its focus towards the international cross-border payment market, aiming to streamline global payment networks and offer more transparent and cost-effective transfer methods. With its payment solutions using XRP, Ripple hopes to tap into the rapidly growing payment market, which is projected to reach $300 trillion by 2030. Experts anticipate a significant increase in XRP value, potentially surpassing $25, as a result of this strategy.

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Hollywood Director Makes 575% Profit Trading Dogecoin with Netflix Funds

A Hollywood director, Carl Erik Rinsch, reportedly used $4 million of funds reserved for a Netflix show to invest in Dogecoin, along with making options bets in the stock market and purchasing luxury items. Despite disagreements with Netflix and the project being abandoned, Rinsch saw a 575% return on his Dogecoin investment, eventually liquidating it for $27 million in 2021.

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Shiba Inu and Dogecoin Struggle as New Meme Coins Gain Momentum

Shiba Memu, a new crypto project, aims to be the next big thing in the industry by combining meme coins and AI. With over $4.6 million raised, it plans to use AI for viral marketing campaigns. However, investing in Shiba Memu carries risks, such as price crashes, so it’s important to use risk management strategies and only invest a small portion of your portfolio.

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Regulatory Crackdown: Binance CEO Resigns and Pays $50M Fine in Landmark SEC Settlement

The crypto industry experienced significant events this week, including a major lawsuit against Kraken by the SEC, accusing the exchange of illegal operations and endangering customers. Binance settled with the SEC, agreeing to pay a hefty fine of $4.3 billion and CEO Changpeng Zhao stepping down. Despite regulatory challenges, Bitcoin saw a surge to over $38,000, and the total market cap of digital currencies approached the $1.5 trillion level.

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Bittrex Global to Cease Operations Amid Regulatory Uncertainty

Bittrex Global, a cryptocurrency exchange based in Liechtenstein, has announced that it will be shutting down its operations. The decision comes after regulatory uncertainties and accusations from the U.S. Securities and Exchange Commission (SEC) that Bittrex Global was operating as an unregistered exchange. Trading will be suspended on December 4, and users are advised to convert their funds to euros or cryptocurrencies for smooth withdrawals. Bittrex Global had previously filed for Chapter 11 bankruptcy protection and reached a settlement with the SEC, agreeing to pay $24 million in fines and penalties. The platform assures the security of user funds and tokens and encourages customers to withdraw their assets promptly. Referral programs and promotions will be terminated, and customer support will be available throughout the transition.

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Crypto Stocks Surge: MicroStrategy and Coinbase Soar with Bitcoin’s Resurgence

MicroStrategy and Coinbase, two major players in the cryptocurrency industry, have seen significant increases in their stock prices this year. MicroStrategy, the largest corporate holder of Bitcoin, has seen its stock price rise by over 250%, while Coinbase, the largest US-based crypto exchange, has experienced a surge of 240%. These gains come after a challenging year for the industry, with both companies’ stock prices hitting multi-month lows at the start of 2023. However, the recent resurgence in Bitcoin’s price has led to a positive market trend for both MicroStrategy and Coinbase.

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