Ethereum price cracks under pressure as Super Thursday gets underway
Ethereum (ETH) price slid lower Thursday morning after the Fed and its FOMC rate decision fell mostly in line with what markets were expecting, although most analysts retained a more hawkish undertone. This has scared or at least triggered some doubt amongst traders taking their profits after the US CPI’s negative surprise. With today's four central banks producing announcements, markets will face heavy volatility before the more calm end of the year kicks in.
Bitcoin and stablecoin whales scoop up BTC, USDT, BUSD and DAI: Recipe for crypto Santa Claus rally
Bitcoin and cryptocurrencies enjoyed a resurgence in their prices and both BTC and Ethereum jumped to their highest level since the FTX exchange collapse, on Tuesday. Experts at Santiment noted euphoria in the crypto market as Bitcoin and stablecoin outflows increased and whales scooped up assets off exchanges.
Crypto.com Coin price continues its decline as pressure builds for 40% nosedive move
Crypto.com Coin (CRO) price is seeing its final chances for recruiting new investors and clients to its platform and coin as the FIFA World Cup in Qatar is coming to an end this weekend with the final between Argentina and France. That is pretty much it for positive news to report on CRO, as the other dynamics from global markets are not working at all. With the hawkish Fed rate decision and the possible disappointment of the ECB this afternoon, another round of US Dollar strength could kick in and trigger a sell-off even before Christmas.
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Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
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