Author: Sollcrypto

Donald Trump has emerged victorious in the 2024 U.S. Presidential Election, securing a decisive win over Kamala Harris with a strong margin in both the House and Senate. Crypto voters played a pivotal role in this outcome, with several pro-crypto candidates leading as the results unfold. The influx of crypto donations through Super PACs in recent months has proven to be a key factor, potentially shifting the direction of the U.S. crypto industry in the coming years.

Ethereum (ETH) price has entered a consolidation phase following recent gains, slipping below the $2,550 support level. Although ETH is encountering resistance around the $2,500 mark, it has the potential to rebound if it breaks through this critical level. Analysts anticipate potential volatility, with some projections indicating that venture capital activities could influence pump-and-dump patterns.

Solana Blockchain Achieves Record 120 Million Active Addresses in October Solana reached a significant milestone in October, recording over 120 million active addresses—the highest user activity in the network’s history. This surge highlights Solana’s increasing prominence in the blockchain and cryptocurrency sectors, driven by its high trading volume and low transaction fees. In parallel, major financial institutions Citi and Fidelity have advanced their blockchain initiatives by introducing a proof of concept for a digital foreign exchange (FX) swap integrated within an on-chain money market fund (MMF). This innovation, set to be featured at the Singapore Fintech Festival from November 6-8,…

Binance Coin (BNB) Price Outlook: What’s Behind the Recent Decline? The Binance Coin (BNB) token has seen a pullback for five consecutive days, despite a significant token burn on the network. BNB has fallen from a high of $611.4 on October 29 to a low of $562, marking its lowest point since October 14. This decline aligns with a drop in the crypto fear and greed index, which has shifted from a “greed” level of 67 last week to a neutral reading of 55. Bitcoin, which recently surged to $73,500, also retraced to $68,430, impacting other major cryptocurrencies like Ethereum…

“Markets hate uncertainty,” as the old Wall Street saying goes. Just 96 hours ago, Bitcoin (BTC) was close to breaking its all-time high of $73,700, likely buoyed by rising support for crypto-friendly GOP presidential candidate Donald Trump. Betting market Polymarket had Trump’s victory odds as high as 67%, with his opponent Kamala Harris at 33%. However, since then, Trump’s odds have dropped, as has the price of Bitcoin and other cryptocurrencies. Overnight, Trump’s odds slipped to below 53%, with Harris rising above 47%. Bitcoin followed suit, dipping to as low as $67,600. As of Sunday morning in the U.S., both…

Bitcoin (BTC) kicked off November by surpassing the significant $70,000 mark, maintaining a steady hold above this level for several days. As the month begins, Finbold has analyzed Bitcoin’s historical performance to project its potential price for November 30. Looking back, Bitcoin wrapped up October with a 10.76% gain, capturing nearly half of the average and median returns typically seen during “Uptober.” According to Coinglass data, November historically posts even higher average returns than October, although its median returns are slightly lower. Since 2013, Bitcoin has averaged a 42.78% gain in November, with positive returns in seven out of eleven…

Dogecoin (DOGE), currently the eighth-largest cryptocurrency by market capitalization, has seen significant price swings recently. In the past 24 hours alone, DOGE dropped from $0.1677 to $0.1569, raising questions among investors about its potential to rebound to $0.50. Recent Dogecoin Metrics and Historical Patterns Data from CoinMarketCap paints a challenging picture for DOGE. Its trading volume has fallen by 17.86%, now at $2 billion, while its price is currently at $0.1599—a 1.12% dip—pushing its market cap down to $23.45 billion. Despite these statistics, DOGE has shown resilience, gaining 19% over the past week, indicating strong buying interest. Market watchers speculate…

Bitcoin (BTC) Approaches All-Time High as Whales Fuel Buying Surge Bitcoin is closing in on its all-time high (ATH) and may soon set a new record. With prices climbing, Bitcoin whales have ignited a significant buying spree, injecting positive momentum into the market. Bitcoin looks poised to end October on a high note. Earlier today, a substantial Bitcoin transfer of around $91 million moved off Binance, one of the world’s largest cryptocurrency exchanges. The transaction, monitored by Whale Alert, saw 1,260 BTC shift from Binance to an unidentified wallet, sparking speculation about bullish intentions. Whale Activity Points to Long-Term HoldingThis…

Ether Rebounds 2.5%, Reversing Underperformance Against Bitcoin Amid Bearish Market Sentiment Ether (ETH) is showing signs of potential upside after underperforming relative to Bitcoin (BTC) in recent months. Over the past 24 hours, Ether has gained 2.5%, even as Bitcoin has slipped slightly, according to CoinDesk. This price move led to the liquidation of $17 million in short positions on derivatives exchanges, suggesting that a shift in sentiment could be underway. The ETH/BTC ratio recently hit its lowest level since April 2021, as Ether has lagged, dropping over 10% in the past six months, while Bitcoin has surged 22%. Despite…

Long-term Ethereum (ETH) holders are showing robust confidence in the cryptocurrency’s potential for sustained price growth, distinguishing them from short-term investors. BeInCrypto observed this trend through on-chain data analysis of market sentiment. This optimism may be fueled by ETH’s recent resurgence, pushing its price above $2,600. However, the critical question remains: can Ethereum’s value continue to climb? Ethereum LTH-NUPL Indicates Rising Confidence In August, Ethereum’s Long-Term Holders Net Unrealized Profit/Loss (LTH-NUPL) entered the “belief zone” (green). This metric gauges the sentiment of investors holding ETH for at least 155 days, reflecting their unrealized profits or losses. This zone signals that…