Author: cointechies

If miners buy $18 million of LTC, a $150 breakout is expected.

Litecoin price hit a weekly high of $130 on Tuesday, up 35% since December 10th. The rise in LTC coincided with an $18 million buying spree among LTC miners. Technical indicators suggest that LTC price could reach $150 before hitting the next major resistance cluster. Litecoin price traded as high as $131 on Binance on Tuesday, up 35% on the week. On-chain data trends suggest that continued acquisition trends among LTC miners could further drive the rally. Litecoin price soars 30% faster than US Federal Reserve decision On Tuesday, Bitcoin price rose to an all-time high of $108,135, pushing up…

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BTC ETF achieves 88% of US gold ETF assets under management

The Bitcoin ETF holds over 1.13 million BTC and manages $121.83 billion in assets. Compared to the AUM of all US-traded gold ETFs, Bitcoin ETFs account for 88% of the AUM. Analysts at Bitfinex predict BTC appreciation to reach $200,000 by mid-2025 as the cryptocurrency ends 2024 with a historic milestone. Binance derivatives traders maintain a bullish bias as BTC gains dominance. Bitcoin (BTC) is steady above $106,000 on Tuesday as BTC’s dominance increases. The largest cryptocurrency has seen steady inflows from institutional investors into its U.S. spot ETFs. The Bitcoin Spot ETF recorded $2.167 billion in inflows last week,…

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President Trump and allies on Capitol Hill likely considering swift enactment of virtual currency bill – Insurance News

Analysts say crypto regulations are expected to be introduced in the first 100 days of the Trump administration. Of all the issues facing the upcoming 119th U.S. Congress, cryptocurrencies are likely to generate the quickest action and the biggest headlines. And it starts with the agenda set by President-elect Donald Trump, two longtime Capitol Hill veterans said Monday. “It looks like Congress is about to make a big move on cryptocurrencies,” said Peter Roskam, a former six-term congressman and lobbyist at law firm BakerHostetler. “This issue is ripe for me. There is some understanding among the public that we have…

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Will XRP and DOGE also follow? By U.Today

U.Today – The price of the leading cryptocurrency (BTC) hit a new all-time high during today's trading session. According to Binance, BTC's all-time high was set at $108,353, surging more than 2% from its opening price. Currently, major cryptocurrencies are cooling off and falling below new value marks, but considering Bitcoin's performance in recent weeks, it would be imprudent to believe that this is the final stop. It seems. Interestingly, while BTC is rising, the rest of the cryptocurrency market is in the red, with many of the alternative cryptocurrencies suffering double-digit percentage declines as the day progresses. However, given…

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Why XRP is a long-term gem, according to wealth guru

Renowned financial expert and wealth guru Linda Jones explained why XRP is a good long-term investment. In her video “Why Do I Hold XRP?” she highlights the potential of cryptocurrencies to transform finance. Many investors are eyeing XRP as a challenger in the crypto market due to Ripple's progress and institutional investor involvement. Ripple system introduction is expanding XRP has grown in popularity among financial institutions as a result of Ripple's aggressive positioning of the coin as a way to facilitate faster and cheaper cross-border transactions. More than 300 major financial institutions, including banks and payment processors, have adopted the…

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Bitcoin (BTC) hits $7.28 billion in 2 days, is the market preparing for the biggest supply crisis? By U.Today

U.Today – (BTC) Whales are in a buying frenzy. This development coincides with BTC's price surge during the ongoing bull market. According to on-chain analyst Ali Martinez, Bitcoin whales have jumped 70,000 BTC in the past 48 hours. Bitcoin whale accumulation raises supply concernsIn a post on X, Martinez pegged the acquisition price at $7.28 billion. Bitcoin is currently trading at $107,687, and the amount of BTC accumulated by whales has soared to over $7.5 billion.Analysts suggest that increased demand from this whale continues to outstrip supply, causing prices to continue to rise. Some have expressed concern that if the…

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Elon Musk says scrutiny of Warren's DOGE role comes from SBF family

Important points Warren has raised conflict of interest concerns about Musk's role in the Trump administration. Elon Musk hits back at Warren and claims SBF's parents are shaping her criticism. Share this article Elon Musk has responded to Sen. Elizabeth Warren's claims that he has a potential conflict of interest in his new role in President-elect Donald Trump's administration. LOL. By the way, the people who actually wrote these things about Pocahontas were SBF's parents. https://t.co/V741yhitwp — Elon Musk (@elonmusk) December 17, 2024Regarding his PlatformElon Musk called Sen. Warren “Pocahontas” and tweeted, “The people who actually wrote about Pocahontas are…

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Crypto News Digest by U.Today By U.Today

U.Today – Here are the top 3 news articles provided by U.Today. USD (RLUSD) release date finally revealedAfter a long wait, the XRP community has finally announced the launch date for Ripple’s stablecoin, Ripple USD (RLUSD). The stablecoin is scheduled to launch today, December 17th, according to an official announcement from the San Francisco-based blockchain company. RLUSD will soon be available on major crypto exchanges such as Uphold, Bitso, and MoonPay. As reported by U.Today, the long-awaited stablecoin was approved by the New York State Department of Financial Services (NYDFS) last week. Ripple President Monica Long wrote in a recent…

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