Bitcoin’s sharp decline to $86,000 has unsettled the crypto market, primarily driven by short-term holders, specifically “0d ~ 1d” traders. This sell-off, rather than being influenced by derivatives, highlights the significant role of spot market dynamics in the current trading landscape.
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Cryptocurrency Market Analysis: Trends and Price Predictions for Major Tokens
Bitcoin remains in a tight trading range around $97,149, with analysts predicting potential upward movements toward $270,000-$400,000 by 2025. While altcoins face challenges due to a surge in new token launches, XRP, Litecoin, Gate Token, and Mantra show signs of possible gains if key resistance levels are surpassed.
read moreSolana Faces Critical Resistance Test Amid Market Volatility and Key Events
Solana is currently trading above a critical support level of $157, showing potential for a bounce after a recent pullback. Analysts emphasize the importance of breaking the $165 resistance to regain bullish momentum, while macro events like the U.S. election and Federal Reserve interest rate decisions could heighten market volatility. If Solana fails to breach this resistance, it risks retracing to the $150 support zone, closely aligned with the 200-day moving average.
read moreStocks Decline Amid Concerns Over Milton’s Impact on Wall Street
Stocks are experiencing a decline, raising concerns about the potential impact of Milton on Wall Street. Investors are advised to explore the best stocks to buy and watch, with highlights available for quick insights.
read moreJudges Question CFTC and Kalshi on Political Betting Market Legality
United States appellate court judges questioned CFTC and Kalshi lawyers during a hearing on the legality of political betting markets. The CFTC argued that allowing such betting could disrupt markets and threaten election integrity, while Kalshi’s counsel contended that regulation would mitigate risks. A decision is anticipated soon, as the elections are just 45 days away.
read moreMonetary Policy in Chile: Challenges and Achievements in Recent Years
Rosanna Costa highlighted the Central Bank of Chile’s commitment to maintaining low and stable inflation through a flexible exchange rate and medium-term inflation targeting. Despite recent challenges, including a social outbreak and the pandemic, the Bank successfully stabilized the economy and controlled inflation, demonstrating the effectiveness of its monetary policy framework.
read moreRipple CEO Highlights Japan’s Crypto Leadership and Regulatory Clarity
Ripple CEO Brad Garlinghouse praised Japan’s regulatory clarity in cryptocurrency during his visit to Tokyo, highlighting its role in fostering innovation and positioning the country as a global blockchain leader. He contrasted this with the regulatory uncertainty in the U.S., emphasizing Japan’s commitment to advancing blockchain technology through clear frameworks that protect consumers and stimulate entrepreneurship.The XRP Community Day showcased discussions among key leaders from Japan’s political and financial sectors about blockchain’s potential. Additionally, Ripple may be on the verge of a significant milestone, with the UK’s Financial Conduct Authority potentially approving the company by December 2024, paving the way for an IPO in London by 2025. Japan’s financial institutions are also actively exploring cryptocurrency applications, with major banks testing a stablecoin infrastructure for international settlements.
read moreBitcoin price faces pressure as traders anticipate potential drop below 52000
Bitcoin is currently trading at $53,913, facing pressure as it hovers above the $49,577 low from August. Analysts warn of potential declines below $52,000, with key support levels being closely monitored. The percentage of Bitcoin’s Unspent Transaction Outputs (UTXOs) in profit has dropped to 68.5%, indicating increased profit-taking and potential for future price surges.
read moreUN Secretary General Addresses AI’s Impact on Democracy and Governance
UN Secretary General António Guterres has declared this year’s International Day of Democracy a referendum on artificial intelligence, emphasizing its potential to both threaten and enhance democratic principles. He warned of the dangers posed by unchecked AI, including the spread of hate speech and deepfakes, while advocating for its use in promoting public participation and equality. The focus remains on ensuring AI serves humanity equitably and safely, highlighting the need for social and regulatory solutions to address these challenges.
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