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Altcoin Season? Not Even Altcoin’s Month Right Now
Bitcoin’s price drop generally causes both concern and celebration, but the last few instances have only been the former. The dependence of the altcoins on Bitcoin has left them impaired, resulting in a failed Altcoin Season. Where Does Bitcoin Stand? Bitcoin’s price has declined sharply by 4% over the past 24 hours, dropping to $54,300. The dip below $55,000 raises concerns among investors, as this level represents the last significant support before a potential fall to $50,900. This $50,900 target corresponds with the double top pattern observed in March and July, indicating a possible additional 8% decline. Bitcoin Price Analysis....
Donald Trump Names White House ‘AI and Crypto Czar’
By Mark Hunter 12 hours agoSat Dec 07 2024 11:56:32 Reading Time: 2 minutes President-elect Donald Trump has appointed venture capitalist David Sacks as the White House’s AI and Crypto Czar Sacks is tasked with developing policies to enhance US competitiveness in artificial intelligence and cryptocurrency sectors He will also lead the Presidential Council of Advisors for Science and Technology, focusing on safeguarding free speech online and addressing Big Tech bias President-elect Donald Trump has named David Sacks, a prominent venture capitalist and former PayPal executive, as the White House’s AI and Crypto Czar. In this role, Sacks will formulate...
Ethereum ETFs Record Positive Inflows, Overtaking BTC Fund Flows: Could This Be a Turning Point?
Ethereum ETFs recorded a daily inflow of US$33.7 million, overtaking Bitcoin ETFs which saw US$18.3 million outflows. BlackRock’s ETHA fund outperformed its Bitcoin counterpart, indicating strong investor interest in Ethereum. Despite the positive fund flow, Ethereum’s price dropped by 3% on its ninth anniversary. Data from Farside shows that we may be at a turning point for the Ethereum exchange-traded funds (ETFs). The Ether funds have just managed to overtake the Bitcoin funds in total daily flows. While BTC funds saw combined outflows on 30 July of US$18.3 million (AU$28m), the Ethereum funds managed inflows of US$33.7 million (AU$51.57m). Related:...
