Long term holders take profits as Bitcoin drops to $93k
Long term holders take profits as Bitcoin drops to $93kProfit-taking trend emerges as Bitcoin flirts with six figures.
Happy Tuesday!Bitcoin is experiencing a notable pullback, trading around $93,000 as long-term holders capitalize on profits after a significant rally. This profit-taking trend comes as U.S. Bitcoin miners face delays due to customs holding vital Bitmain shipments, raising concerns about the industry's reliance on Chinese technology. Meanwhile, Justin Sun's Tron network has made headlines with a $30 million investment in a Trump family-backed financial platform, and WisdomTree is positioning itself to launch a spot XRP ETF amid growing market optimism. As these developments unfold, the crypto landscape remains dynamic and full of opportunities. 🚀Are you a Web3 marketer? Join our new Web3 Marketing Insights channel here https://t.me/cryptoslate_web3. We’ll be sharing tips, strategies, and special announcements to help web3 marketers level up their game. The global crypto market cap is $3.18 trillion, with a 24-hour volume of $245.43 billion. The price of Bitcoin is $93,348.58, and BTC market dominance is 58.0%. The price of Ethereum is $3,322.40, and ETH market dominance is 12.5%. The Crypto Fear & Greed Index is currently Greed (79). Long term holders take profits as Bitcoin drops to $93k
Profit-taking trend emerges as Bitcoin flirts with six figures. 📰 Top News
US Bitcoin miners face delays as customs hold Bitmain shipments over sanctions concernsThe US CBP has detained critical mining equipment, spotlighting the country's dependency on Chinese technology and stoking sector-wide uncertainty. WisdomTree latest to eye spot XRP ETF amid heightened market optimismWisdomTree has become the latest firm to eye an XRP ETF and has filed to establish a trust entity in Delaware, a preliminary step. Justin Sun’s Tron network invests $30 million in Trump family-backed World Liberty FinancialSun is now the largest investor of the Trump family-backed platform aiming to drive mass adoption of US dollar-pegged stablecoins.
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📈Latest Market Report
Polymarket: A revolution in prediction marketsCryptoSlate's latest report dives deep into Polymarket's evolution, its pivotal role in high-stakes prediction events like US elections, and the implications of its controversies on its market position.
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Bitcoin’s sudden dip under $95k incurs $180 million in trader losses, stalls $100k momentum
Monday, November 25, 2024
Turbulent hour for traders as Bitcoin slip below $95000 incites major liquidations for crypto traders. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Polymarket: A revolution in prediction markets
Sunday, November 24, 2024
CryptoSlate's latest report explores Polymarket's evolution, its role in high-stakes prediction events like US elections, and the impact of its controversies on its market position. ͏ ͏ ͏ ͏ ͏ ͏
Blockchain Association urges Trump to tackle crypto reform in first 100 days
Saturday, November 23, 2024
The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking." ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Galaxy Digital CEO Mike Novogratz says Bitcoin reaching $100,000 is ‘just the start’
Friday, November 22, 2024
Galaxy's CEO also warned that the market is currently heavy with leverage, with a correction until $80000 being possible after the $100000 is surpassed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Cardano’s Charles Hoskinson nominates Coinbase’s Brian Armstrong for Donald Trump’s crypto czar
Thursday, November 21, 2024
Hoskinson cites Armstrong's leadership at Coinbase as key to overcoming regulatory hurdles and promoting industry unity. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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