Bitcoin, the world’s largest digital asset, recorded significant market gains in the past week to resume an uptrend that began in early October. Data from CoinMarketCap shows that Bitcoin rose by 10.58% in the past week as pro-crypto candidate Donald Trump emerged as US President-elect on November 5, followed by a 25 bps rate cut by the US Federal Reserve. With the crypto market leader recording new all-time highs each day, analyst Ali Martinez has dropped a new price target that hinges on a certain condition. Bitcoin Must Stay Above $71,480 – Here’s Why Amidst the current Bitcoin price rally, Ali Martinez predicts the digital asset could reach a local price peak of $85,360. However, this price action can only occur if BTC’s value does not decline below $71,480 based on data from the MVRV Deviation Pricing Bands, a trading tool used to identify extreme bullish and bearish market conditions based on the Market Value to Realized Value (MVRV). Martinez’s latest insight on Bitcoin’s trajectory follows a previous prediction in which the analyst forecasted the premier cryptocurrency to retrace to around $71,500 after hitting the $78,000 price mark. With Bitcoin within range of this price target following its recent tourney across $77,000, it is imperative that the market bulls prevent any potential retracement below $71,480, which may result in a further decline to $66,000 at which lies its next major resistance. Alternatively, Bitcoin is also well poised to push beyond $78,000, reaching Martinez’s target of $85,360 without experiencing any projected price pullback as market sentiments remain highly bullish due to multiple factors. Aside from Donald Trump’s resounding electoral victory which signals an incoming crypto-friendly approach by the US Government, high inflows into the Bitcoin Spot ETFs over the past weeks have also boosted investors’ confidence in Bitcoin’s continuous profitability. Nevertheless, all investors are admonished to remain vigilant as the crypto market is subject to high levels of volatility and sudden price movements. BTC Social Narrative Backs Potential Retrace In other news, data from analytics firm Santiment shows that Bitcoin’s rise above $77,000 has induced a change in the social narrative as the general crypto community is anticipating a continuous rise to $80,000. According to Santiment, whenever crypto enthusiasts have been overly eager about $80,000 in the past month, Bitcoin has experienced a price retrace. Therefore, there is a need to reduce growing notions around FOMO in order to allow Bitcoin to maintain its current price rally. At the time of writing, Bitcoin trades at $76,395 reflecting a gain of 0.49% in the past 24 hours.

Chainlink (LINK) has surged impressively over the past few days, breaking above the critical $13 resistance level and posting a remarkable 35% gain. This recent breakout has ignited optimism among analysts and investors, as LINK has faced strong resistance around the $13 mark since late July, struggling to sustain any upward momentum. Now, however, market sentiment appears to be shifting, with many anticipating further upside for Chainlink. Supporting this bullish outlook, key data from on-chain analytics firm Santiment reveals that LINK whale activity has reached a 3-month high, with large holders accumulating LINK in significant quantities. This increased whale activity is often an indicator of confidence among major investors, suggesting that Chainlink’s latest surge could be just the beginning of a more sustained rally. As LINK breaks free from its months-long resistance and gains renewed momentum, the next few days will be crucial in determining whether this rally has the strength to reach higher price levels or if it will encounter fresh resistance. For now, however, Chainlink’s impressive performance has analysts speculating on its potential to maintain bullish momentum in the coming weeks. Chainlink Whales Waking Up Chainlink is showing signs of renewed strength, with the price surging above key resistance levels that have held the coin back for months. For the first time since July, LINK has broken past $13.65, marking a significant shift in its price action. This breakout has come at a time when critical data points are signaling a bullish outlook for the asset. According to Santiment, Chainlink has decoupled from the broader altcoin market, showing a unique price performance amidst a recovering market. One of the most compelling indicators is the spike in whale activity, which has reached a 3-month high. Stakeholders holding between 100K to 10M LINK have accumulated a massive $369.8 million worth of the token in just 7 weeks, representing an 8.2% increase in their holdings. This surge in whale activity often signals confidence in a token’s future price potential, with large investors positioning themselves for the next leg of growth. Accumulation by Chainlink whales, combined with its price-breaking key resistance levels, suggests that LINK is poised for continued growth in the coming weeks. As the entire market begins to recover and rise again, Chainlink’s decoupling from the pack could indicate that it’s positioning itself to lead the charge in the altcoin space. Investors are watching closely, as the recent price surge and whale behavior suggest LINK could experience sustained bullish momentum. LINK Testing New Supply Chainlink is currently trading at $13.5 after successfully breaking above the 200-day moving average (MA) at $12.9, a key level that signals a strong, bullish outlook for the long term. This breakout has given bulls control, reinforcing positive sentiment around LINK’s price action. For the uptrend to continue, it’s crucial that LINK holds the 200-day MA as support, as this level often marks a turning point between the bear and bull phases. While LINK shows strength above $13, a healthy retrace to around $12.5 could provide the fuel needed for further upside if that level holds as support. A pullback of this nature would allow bulls to consolidate gains and set a stronger foundation for the next move. Traders are eyeing $14.5 as the next significant supply zone, where LINK may face resistance as it approaches this level. If LINK manages to push above $14.5, it would signal robust demand and potentially open the door to even higher levels in the coming weeks, as whale activity and overall market sentiment support further gains. Featured image from Dall-E, chart from TradingView

The price of Bitcoin has turned in an impressive performance, forging successive all-time highs over the past week. Similarly, other large-cap assets, such as Ethereum, Solana, and Cardano, have been experiencing massive upside movement in the past few days. Interestingly, the latest on-chain observation suggests that the crypto market — particularly Bitcoin — may not be done just yet. This projection is as investors seem to be doubling down on their positions rather than selling off their assets for some short-term gains. Bitcoin Investors Continue To Load Their Bags Popular crypto pundit Ali Martinez took to the X platform to reveal that Bitcoin accumulation addresses have been witnessing significant inflows over the last few days. This on-chain revelation is based on the spike in CryptoQuant’s “Inflows to Accumulation Addresses” metric. Accumulation addresses can be defined as addresses, excluding miners’ and exchange addresses, that have zero outgoing transactions or at least haven’t spent their holdings over a period. Moreover, these addresses must have received at least two incoming transfers and hold more than 10 BTC. These Bitcoin addresses are usually controlled by major entities, including whales, institutional players, and so on. According to data from CryptoQuant, a whopping 57,800 BTC (equivalent to approximately $4.16 billion) has made its way to these accumulation addresses since November 3. As shown in the chart below, inflows into the Bitcoin accumulation addresses have been on the rise in recent weeks. Typically, this positive trend is a favorable sign for the price of BTC, which has been on a ride of its own in the past few days. The choice to “hodl” rather than sell for profit also indicates the increased faith in the long-term success of Bitcoin, implying that major investors expect the flagship cryptocurrency to keep rising. As of this writing, the Bitcoin price stands at around $76,550, reflecting a measly 1% increase in the past 24 hours. However, the market leader is up by more than 10% on the weekly timeframe. USDT Netflow On Exchanges Surpasses $2 Billion According to a recent Quicktake post on the CryptoQuant platform, there has been a significant inflow of the USDT stablecoin into centralized exchanges. On-chain data shows that the stablecoin’s net inflows have crossed $2 billion, its highest level since December 2022. Higher stablecoin balances (which are often used as an indicator of increased liquidity) suggest a high amount of buying power for investors, leading to elevated investor demand. If this rising liquidity on exchanges is correlated with the growing accumulation, it could positively impact the Bitcoin price.

Crypto analyst Babenski predicted the Cardano price would enjoy a parabolic rally above $5 and revealed when this could happen. This comes amid ADA’s recent rally, which could mark the beginning of its bull run, having underperformed for most of the year. When The Cardano Price Could Cross $5 In a TradingView post, Babenski revealed that the Cardano price could cross $5 by 2025 year-end or the start of 2026. As part of his analysis, the analyst also noted that Cardao printed a falling wedge on the weekly chart and had broken out. With this development, he remarked that the main target for this price breakout is around $1. However, if the Cardano price holds above this $1 target, Babenski is confident that ADA can replicate its 2021 bull run pattern, which could spark the ADA rally to $5 and above. A rally to this price level will mark a new all-time high (ATH) for the Cardano price, whose current ATH is $3. The Cardano price has been one of the worst performers since the start of the year, with a 26% year-to-date (YTD) loss. However, there is a growing feeling that the ADA bull run is set to begin. For context, the ADAprice is up over 22% in the last seven days, its largest weekly gains this year. ADA whales also look to be bullish on the Cardano price again, as IntoTheBlock data shows a surge in whale activity. The on-chain analytics platform Santiment also revealed that there were recently 697 ADA whale transactions that involved $100,000 transfers and above, close to the highest figure recorded since the Cardano price bottomed on September 4. Meanwhile, 37,892 unique ADA addresses made transfers in a single day, the most since September 4. In line with this, Santiment predicts that ADA might witness some retail FOMO soon enough. ADA Entering Its Most Bullish Phase Crypto analyst Javon Marks also recently provided a bullish outlook for the Cardano price, stating that ADA may be entering its most bullish phase. He noted that ADA is now returning with “major strength,” proving that a price breakout could be imminent. The analyst further provided insights into how high the Cardano price could rise. Javon Marks stated that the first breakout target remains a price rally of over 531% to $2.7709. Meanwhile, based on historical trends in the previous bull cycles, he claimed that the Cardano price could enjoy a price rally of over 1,700% and rise to $7.77. His accompanying chart showed that any price rally to $7 will likely occur in 2025. At the time of writing, the ADA price is trading at around $0.43, up almost 2% in the last 24 hours, according to data from CoinMarketCap.

Following Donald Trump’s victory in the US presidential election on November 5, Ethereum (ETH), alongside the general cryptocurrency market, has experienced notable price gains. In particular, the second-largest cryptocurrency has witnessed its value increase by 24.31% in the past four days as it approaches a crucial $3,000 resistance zone. Ethereum Prepares For Potential Surge As Funding Rates Hit 0.02 Amidst the recent price rally in the last week, crypto analyst Burak Kesmeci notes that Ethereum funding rates have now climbed above 0.02, which can be described as a strong bullish signal. Generally, funding rates are periodic payments made between traders in the perpetual future contracts during funding intervals. A funding rate of 0.02 indicates long position domination and demands that long traders pay 2% of the notional value of their position to short traders in order to maintain the price of perpetual contracts close to the spot market price of an asset. According to Kesmeci, long positions in futures markets are crucial to initiating strong bull rallies in the same vein as spot market acquisitions. Interestingly, historical data as shared by the analyst shows that Ethereum has consistently experienced a major price uptrend whenever funding rates have risen and stayed above 0.02. For context, when funding rates hit 0.02 on July 1, 2020, the ETH market recorded a price gain of over 100% in 50 days. Likewise, on November 2, 2020, Ethereum also embarked on a bullish course surging by over 1000% in 350 days. Most recently, Kesmeci notes that the altcoin’s price grew by 150% in 150 days as the funding rates crossed 0.02 on October 4, 2023. Therefore, the analyst postulates ETH may be primed for a robust bullish run in the coming days. In addition, this potential uptrend is expected to influence other altcoin markets due to Ethereum’s position as the largest altcoin by market cap. ETH Meets Crucial $3,000 Resistance Level With Ethereum’s price hovering above $2,900, the token is set to soon encounter a major resistance at the $3,000 price mark. According to a report by blockchain analytics company IntoTheBlock, this particular resistance level which can be described as a historically significant demand zone is normally expected to provide much opposition to Ethereum’s ascent. However, the current bullish momentum in the ETH market is likely to subdue this resistance, allowing the asset to maintain its current rally. If Ethereum breaks beyond $3,000, the altcoin could attain a $4,000 price target. Albeit a rejection would result in ETH trading as low as $2,400. At the time of writing, Ethereum continues to trade at $2,970 following a 0.98% gain in the last day.

The Bitcoin price and the entire crypto market have been on a tear since the outcome of the United States elections was announced in the early hours of Wednesday, November 6. The premier cryptocurrency specifically has breached and printed new all-time high prices over the past few days. Interestingly, the price of BTC has shown no signs of weakness going into the weekend, with the market leader forging a new record high above $77,000 on Friday, November 8. While the hot streak of the Bitcoin price can be attributed to the latest victory of former president Donald Trump in the US, on-chain data suggests that this rally has been a long time coming. BTC’s Realized Cap Experiences Largest Increase In Two Years One of the latest on-chain metrics to offer an interesting insight into the meteoric rise of Bitcoin’s price is the realized cap indicator. In a November 8 post on the X platform, blockchain analytics firm Glassnode revealed that Bitcoin’s realized cap recently reached a new all-time high of $656 billion. It is worth mentioning that the realized cap metric also represents the amount of capital flowing in and out of the flagship cryptocurrency. The latest increase reflects a net capital inflow of over $2.5 billion in the past month, suggesting the entry of new investors — both retail and institutional investors. With the realized cap and Bitcoin price consolidating over the past few months, a sudden increase of the former to $656 billion suggests that the premier cryptocurrency might be moving from the “reaccumulation” phase to a markup phase. Ultimately, a continuation of the capital inflow trend could sustain the increase in the Bitcoin price over the next couple of months. Bitcoin Price At A Glance As of this writing, the price of Bitcoin is valued at around $76,700, having lost its hold above the historical $77,000 level. According to CoinGecko data, the market leader is up by an impressive 10% in the past week.

On-chain data shows the Bitcoin investors are now carrying 121% profits on average. Here’s whether this has been enough for a top in the past. Bitcoin Profitability Index Is Currently Sitting Around 221% In a new post on X, CryptoQuant author Axel Adler Jr has discussed about the latest trend in the Bitcoin Average Profitability Index. The “Average Profitability Index” is an indicator for BTC that compares the asset’s spot value with its realized price. The “realized price” here refers to a measure of the cost basis or acquisition value of the average investor in the Bitcoin market. This metric’s value is determined using on-chain data, with the last price at which each coin in circulation was transacted on the blockchain being taken as its current cost basis. When the Average Profitability Index is greater than 100%, it means the spot price of the cryptocurrency is currently higher than its realized price. Such a trend suggests the average investor is holding a net amount of profit. On the other hand, the indicator being under this threshold implies the BTC market as a whole is carrying coins at a net unrealized loss. Naturally, the index being exactly equal to 100% indicates the holders as a whole are just breaking-even on their investment. Now, here is a chart that shows the trend in the Bitcoin Average Profitability Index over the past decade: As is visible in the above graph, the Bitcoin Average Profitability Index has registered a notable increase recently as the cryptocurrency’s run to the new all-time high (ATH) price has occurred. The indicator has now reached a value of around 221%, which suggests the investors are in a significant amount of gains. More particularly, the BTC addresses as a whole are in a net profit of 121%. Generally, the higher the profits of the holders get, the more likely they become to fall to the allure of profit-taking. The current Average Profitability Index level is high, but it’s uncertain if it’s high enough for a mass selloff to become a risk. In the chart, the analyst has marked how high the metric went at the time of the tops of the previous bull runs. It would appear that 2017 peaked at 460%, while 2021 at 395%. So far in the current cycle, the highest that the index has gone was 272%, which happened during the top back in March of this year. Given the fact that the indicator is yet to hit this level, let alone the peaks from the last cycles, it’s possible that Bitcoin still has sufficient room to run, before a top becomes probable. BTC Price At the time of writing, Bitcoin is trading around $76,200, up more than 9% over the past week.

Bitcoin has managed to maintain its footing above the $75,000 price mark following a new all-time high (ATH) of $76,872 recorded yesterday. At present, the cryptocurrency is trading at $76,587, reflecting a modest 0.9% dip from its peak while still marking a 1.7% daily increase. This stability signals resilience and has fuelled speculation regarding Bitcoin’s next price move. Bitcoin Miners Hold Back On Selling, Why? As Bitcoin currently trades above $76,000, a CryptoQuant analyst identified as theKriptolik has pointed out a notable trend among Bitcoin miners. According to theKriptolik, miners are refraining from selling their BTC holdings, even with the asset trading near its ATH, as they believe the current valuation remains undervalued. The analyst highlighted that miners typically transfer BTC to exchanges and sell it when prices approach an ATH, partly to cover their operational expenses. However, this behaviour has not been observed recently, signifying a potential belief in further price gains. TheKriptolik elaborated on this behaviour by referencing miner activity on October 29, when a substantial inflow of BTC to exchanges occurred, resulting in a sale of the holdings with no corresponding outflows. This lack of recent exchange-bound transfers indicates miners’ confidence in Bitcoin’s ongoing upward momentum. Historically, miner behaviour has served as a key indicator of market sentiment, with sales often coinciding with market tops. Optimism Among Analysts And Technical Signals The positive sentiment among miners is mirrored by other market analysts, who have offered bullish forecasts for Bitcoin’s price trajectory. Javon Marks, a prominent crypto analyst, noted that Bitcoin’s ability to maintain a stronghold above a critical $67,559 level sets the stage for further upward movement. According to Marks, Bitcoin could experience a rally of over 51%, potentially pushing the price to $116,652. Marks emphasized that this movement could unfold at a faster pace than many market participants currently anticipate, driven by strong underlying market dynamics. Similarly, another CryptoQuant analyst, Mignolet, has provided an outlook that suggests the conditions for Bitcoin entering the second phase of its bull rally are falling into place. Mignolet explained that this transition involves changes in market participant behaviour, particularly among long-term holders (LTHs) and short-term holders (STHs). As LTH supply begins to be distributed, an influx of new liquidity and capital is critical to sustaining the rally’s momentum. According to Mignolet, the current market environment, characterized by increased liquidity and echoes of the 2017 bull cycle, supports the completion of Phase 2 of Bitcoin’s price surge. Featured image created with DALL-E, Chart from TradingView

Bitcoin remains undervalued according to long-term indicators. ETF inflows and strong technicals support continued growth. Bitcoin (BTC) reached an all-time high today, surging to $77,000. Currently trading around $76,683, BTC has seen a 0.96% increase over the past day, with a trading volume of approximately $51.33 billion. This brings its market capitalization to $1.52 trillion, holding a market cap ratio of 3.38%. The latest rally indicates sustained demand, supported by both technical indicators and substantial inflows into BTC-focused ETFs. The milestone is supported by several key indicators that suggest there’s room for further growth, though caution is advised as the $80,000 level could present some retracement risks. Recent ETF flows have added further volatility to Bitcoin’s movements, especially amid the heightened focus during the U.S. election period. Notably, BTC ETFs saw their second-largest outflow on November 4, followed by record inflows on November 7. BlackRock, a prominent institutional investor, increased its BTC holdings by 16,254 BTC, valued at approximately $1.25 billion, demonstrating solid support for Bitcoin’s growth and fueling optimism among investors. This heightened crowd enthusiasm often signals overextension, which could lead to a retracement as profit-taking behavior sets in. The RSI, holding steady at 61.87, suggests moderate upward momentum, while the recent “Golden Cross” between the 50-day and 200-day moving averages indicates a bullish trend with potential for continued gains. The Five Indicators For BTC The Bitcoin Rainbow Chart, a long-term valuation tool, continues to show Bitcoin as undervalued, indicating potential for further price appreciation. The updated Rainbow2023 Chart places BTC in the “cheap” zone, suggesting that even at $77K, Bitcoin may still be far from its peak. Meanwhile, the Relative Strength Index (RSI) currently stands at 61.87, which is below the overbought threshold of 70. This implies that Bitcoin is not overbought territory and supports continued growth without signaling an immediate risk of reversal. However, this level should be monitored for potential changes with sentiment turning bullish. The 200-week Moving Average Heatmap further reinforces the possibility of additional upside, as Bitcoin remains in the “blue” zone, a signal that the price has not yet reached a top. This indicator suggests a favorable environment for holding or buying, pointing to further gains ahead. Likewise, the Cumulative Value Days Destroyed (CVDD) indicator, which typically highlights undervaluation, shows Bitcoin is still in a favorable buy zone, adding weight to the idea that BTC hasn’t yet touched historically significant peak levels. The 2-Year MA Multiplier also indicates that Bitcoin is positioned for growth, as it remains between the red and green lines, a range that has traditionally signaled more upside potential. Bitcoin currently finds strong support around $73,500, with resistance at $77,280. Should BTC break through this resistance, the next target could be $80,000. However, Santiment has observed increased FOMO (fear of missing out) among investors as Bitcoin approaches the $80,000 mark. Highlighted Crypto News Today Vitalik Buterin Envisions a Wider Scope for Prediction Markets

The new L1 blockchain of the DTX Exchange has generated significant attention in the crypto space, which has propelled Chainlink (LINK) and Arbitrum (ARB) upwards. This announcement has investors expecting a reversal on numerous cryptocurrencies with analysts expecting DTX to reach $2. The interest in DTX has risen as the trading platform plans to combine its high-frequency trading offering with a broad lineup of assets, including both conventional and innovative ones. Chainlink (LINK) Sees Gains Amid CCIP Mainnet Launch Chainlink (LINK) has been on an upward trend in the past few days, with the mainnet release of the Cross-Chain Interoperability Protocol (CCIP). Self-serve, decentralized deployment, zero-slippage transfer, and other usability improvements are also provided, and industry insiders are convinced that they will help Chainlink become more competitive in the cross-chain market. This week, Sergey Nazarov, the co-founder of Chainlink discussed the future of finance in the blockchain environment and the expanding cooperation between Chainlink and SWIFT at SmartCon. Link to Chainlink Goat Herd to continue reading, Chainlink has been collaborating with SWIFT to enable blockchain-based transactions on financial messaging on the SWIFT network. Pilot tests should start next year to enable banks to originate digital asset transactions over SWIFT. This initiative puts Chainlink at the forefront of the new blockchain finance stack, thus logically increasing the utilization of LINK as one of the foundational layers in the emerging ecosystem. Arbitrum (ARB) Faces Volatility Despite Positive Market Trends The ARB token, used in Arbitrum, an Ethereum Layer 2 scaling solution, has also declined in price and is currently trading at $0.5, down from $0.54 per token last week. However, there has been a recent slump in the trading activity in ARB but volumes of trading has been registered to have risen by 8% According to the analysis, it is evident that the enlargement of the Bollinger bands around ARB is due to high volatility and it will be attractive to short-term traders. Analysts believe in the possibility to witness further ARB’s value increase knowing the increasing significance of Layer 2 solutions as Ethereum evolves. The market cap ranking for the current analysis is ranked putting the company in a strategic position in the market despite of the recent oscillations. DTX Exchange Presale Gains Momentum with Layer 1 Blockchain Launch DTX Exchange, which is in the fourth presale round at the moment, is benefiting from the novel Layer 1 blockchain called VulcanX. Some investors, in their funding early-stage funding, offered $6.3 million to the platform, which is a good indication. The native token of the DTX ecosystem which will cost $0.08 in the presale is set to rise to $1 by the end of this year, furthermore, experts believe that DTX could skyrocket 1000%. DTX intends to combine the features of centralized and decentralized trading components for its users, wherein users get non-custodial storage, an on-chain order book, and wallet-based trading facilities. It will have both centralized and decentralized components to facilitate trading and provide access to over 100,000 financial instruments, including stocks, forex, commodities, and cryptocurrencies along with issuing and managing various financial products derived from them, such as contracts for difference and others. Additionally, the platform has a high-speed VulcanX blockchain that can process over 100000 transactions per second thus catering to the needs of high-frequency traders. Experts Anticipate DTX Rally as Broader Crypto Market Shows Bullish Trends Analysts have highlighted the fact that the cryptocurrency could probably reach a high of $2 in the coming months in line with trading activities on the DTX. This prediction is in line with other predictions observed in the cryptocurrency market, for instance, the bull’s presentation for coins like Chainlink (LINK) and Ethereum (ETH). For instance, Ethereum is lately trading at over $2,500 or thereabout and is predicted to head even higher with potential resistances expected to be around $6,000. The DTX presale grants voting rights to token holders through staking, which will be meaningful to investors who like to engage. This governance model coupled with diversity in assets, and high-speed handling inherent in the adoption of exchange puts DTX in the right position in the decentralized financial (DeFi) industry. At the rate set by DTX, if they reach the projected uptick, then they are as valuable as tokens such as Dogecoin (DOGE) or even TRON (TRX). Therefore, as DTX Exchange is constantly adding new amenities to its VulcanX blockchain, fast growth may attract both institutional and retail investors, which means the emergence of a new market. Learn more: Buy Presale Visit DTX Website Join The DTX Community Whitepaper Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Vitalik Buterin highlights prediction markets as part of the larger “information finance” concept. Buterin says that information finance can address trust issues in politics, science, and business by aggregating collective insights. Ethereum co-founder Vitalik Buterin is expanding the views of prediction markets in his latest article, “From Prediction Markets to Info Finance.” In it, he explores how these markets can be more than just tools for betting—they can transform how we gather and trust information. Buterin acknowledges that prediction markets, which enable people to “bet” on outcomes of events like elections or economic trends, already serve as a powerful information tool. For instance, during the 2024 U.S. election, Polymarket, a prominent platform, correctly predicted the outcome, highlighting how collective intelligence can bring accurate insights to global events. However, Buterin sees prediction markets as only the beginning; they represent one example within a larger concept he calls “information finance,” or “info finance,” with the potential to reshape fields like social media, journalism, science, and governance. The Synergy of Blockchain and AI in Information Finance According to Buterin, the coming decade is a prime opportunity for info finance to flourish with several key factors. First, info finance addresses an urgent need in today’s world—a lack of trust and clarity in political, scientific, and business matters. Many struggle with not knowing whom to trust, which hinders decision-making. By aggregating collective insights, info finance tools could provide transparent and trustworthy information, helping address these trust issues. Scalable blockchain technology also plays a major role in enabling this vision. In the past, high transaction fees posed challenges for such concepts, but with today’s lower costs, blockchain can now support more scalable solutions, making information finance more accessible. Finally, Buterin highlights the impact of artificial intelligence (AI) in this new landscape. In the past, info finance depended entirely on human input, which limited its reach. Now, with AI as a participant, even small-scale markets can function efficiently, handling specific issues at speed. He envisions a future where info finance markets combine AI and human contributions, especially as the demand for insights grows. Overall, Buterin’s vision of info finance goes beyond typical applications, aiming to enhance trust and efficiency across industries. As blockchain and AI continue to evolve, info finance will revolutionize the way we gather, verify, and utilize information. Highlighted Crypto News Today Ethereum Shows Mixed Signals as MVRV Ratio Surpasses 10% Amid Whale Accumulation

On-chain data shows Bitcoin could currently be following a similar pattern as in a previous cycle in terms of this indicator. Bitcoin Could Now Be Entering Phase 2 Of The Bull Run In a CryptoQuant Quicktake post, an analyst has pointed out how the recent trend in the Bitcoin long-term holder supply has been reminiscent to what was observed in the 2017 cycle. The long-term holders (LTHs) make up for one of the two main divisions of the BTC userbase done on the basis of holding time, with the other side being known as the short-term holders (STHs). The cutoff between these two cohorts is 155 days, with investors who bought inside this window being part of the STHs, while those holding since more than it falling in the LTHs. Statistically, the longer an investor holds onto their coins, the less likely they become to sell said coins at any point. Thus, the LTHs are considered to include the more resolute market participants. Below is a chart that shows the trend in the combined amount of supply held by the participants of the respective Bitcoin groups. As is visible in the graph, the Bitcoin LTH supply observed a sharp decline back during the rally of the first quarter of the year, suggesting that even these diamond hands couldn’t resist the temptation of profit-taking. Alongside this decrease in the LTH supply, the STH supply naturally went up, as whenever the LTHs transfer their tokens on the blockchain, they become part of the STH cohort instead. Recently, the LTH supply had reversed this drawdown from earlier in the year, but with the latest rally to the new all-time high (ATH), the metric has again switched directions. In the chart, the quant has highlighted how a similar pattern was also witnessed back during the 2017 cycle; a first phase of distribution from the LTHs was followed by accumulation, which then led to a second phase of distribution. It’s possible that the latest turnaround in the LTH supply is the start of the phase 2 distribution for the current cycle, where fresh capital flows in to take coins off the hands of the HODLers. The LTH supply isn’t the only metric that’s showing a trend that matches that of the previous cycle. As the chart shared by the analyst shows, the Bitcoin Binary CDD is also forming an interesting pattern. The Binary Coin Days Destroyed (CDD) basically tells us about whether the HODLers are selling less or more than the historical average. From the graph, it’s apparent that the 152-day moving average (MA) of this metric may be showing a second breakout similar to the one that led into the 2021 bull run. BTC Price Bitcoin continues to be in ATH exploration mode as its price is trading around $75,900.

Ethereum (ETH) registered a remarkable performance following Donald Trump’s victory in the November 5 US elections. The second-largest cryptocurrency by market capitalization has jumped 21.9% in the past three days, reigniting investors’ bullish sentiment for the crypto and ETH-based investment products. Ethereum ETFs See Third Best-performing Day Amid ETH’s price rally, spot Ethereum exchange-traded funds (ETFs) have recorded their best-performing day in 13 weeks. Launched in late July, ETH ETFs have seen a shaky performance in the past few months. The crypto investment products surpassed experts’ expectations during its first two days. However, ETH ETFs recorded massive outflows amid Q3 market retraces. Ethereum-based products saw their second-largest single-day inflow since launch during the early August correction. As the market recovered from the crash, Ethereum ETFs registered $98.4 million in positive net flows, led by Blackrock’s ETHA. Since then, the crypto products have struggled to break past the $20 million mark, only registering inflows above that range five times in three months. ETH’s current rally has seemingly improved sentiment around the cryptocurrency and the investment products based on it, as it has recorded a notable performance during the last two days. Ethereum ETFs recorded their best-performing day in six weeks, seeing $52.3 million in inflows on Wednesday. Meanwhile, the investment products saw their third-largest single-day performance on Thursday and their best day since August 6, with $79.7 million in inflows. ETH Rallies 16%, Is $3,500 Next? Ethereum has seen a massive 16.6% surge in the last seven days, jumping from the $2,500 support zone to the $2,900 mark lost mid-Q3. The “King of Altcoins” lost the $3,000 support zone in early August, recording a 23% correction during the market retraces. The cryptocurrency struggled to break past the crucial $2,800 resistance level, being rejected from this level for the past three months. However, Republican candidate Donald Trump’s victory in the Thursday presidential elections has given the whole crypto market a renewed push toward the second leg of the bull run. In the last three days, the flagship cryptocurrency, Bitcoin (BTC), has entered price discovery mode, setting its latest all-time high (ATH) at $76,800 on Thursday. Meanwhile, Ethereum saw its price move from the $2,400 range to near the long-awaited $3,000 resistance. Crypto analyst Rekt Capital noted that ETH’s recent performance filled its GME gap, which formed in early August. The gap saw ETH’s price go from $3,000 to $2,700 before crashing on August 5. Per the analyst, a weekly close above the current levels, followed by a retest, would confirm ETH’s breakout from the 3-month range. Moreover, reclaiming the $2,900 resistance would “set ETH up for a move to $3,500 over time,” which could further propel Ethereum’s rally toward its yearly high above $4,000. As of this writing, Ethereum is trading at $2,925, a 4.2% increase in the last 24 hours.

XRP is gaining traction, with one well-known expert predicting an all-time high in the $4 region. XRP has joined the crypto market rally, recently reaching $0.5740, up 11% from yesterday’s price of $0.514. Bitcoin’s record-breaking surge has provided a broader market boost, and XRP is capitalizing on this momentum to drive its price higher. For many investors, this is an encouraging indicator that the altcoin may ultimately recapture its upper price points. However, market momentum is not the only factor at play here. Analyst CoinsKid, noted for his enormous following on social media site X, recently posted an analysis indicating that the XRP rise may have more potential to develop. Using a two-year weekly chart, CoinsKid found significant resistance and support levels, implying that it could break through to new highs. Technical Points To Watch CoinsKid’s chart shows three big XRP resistance points: $0.94, $1.50, and $2.50. These levels are critical because they have historically served as ceilings for XRP. For example, in July, the coin peaked at $0.94 before falling back, just after a court ruling declared the asset not a security. This was a major milestone, but the excitement faded when the price failed to remain above this level. The analyst believes that XRP will break through these resistance points without needing to retest the lower support level of $0.3798. If the altcoin continues on its current track, it might eventually reach a top of about $4, according to CoinsKid. For investors, this may mean significant profit, particularly if the market maintains its present bullish tone. Regulatory Hope Boosts Optimism The legal environment in the US is another thing that is making people feel good about XRP. Recent reports have it that when President-elect Donald Trump takes office in January 2025, he will replace Gary Gensler as Chairman of the SEC. Many in the crypto space are keeping a close interest on this theory, especially from XRP enthusiasts who feel that Gensler’s exit will speak well for a more positive perspective towards the altcoin and cryptos. The Trump campaign to reorganize the SEC has added to this optimism. Many think that removal of Gensler would give XRP ample freedom to operate without many legal barriers. Such a shift in the regulatory landscape could well be one big win for XRP, taking the price up. Future Price Predictions Look Bright Looking forward, the price forecast for XRP also seems very promising. The analysts predict a 14% increase in the next three months, and its potential growth in six months is much higher, at 160%. A one-year prognosis would mean that the asset could get returns of over 100%. This makes the $4 goal not out of reach, given that Bitcoin has broken new grounds and the fundamentals of XRP are high. Finally, a combination of technical resiliency, market momentum, and future regulatory reforms might propel XRP to previously uncharted territory. For XRP holders, this might be an exciting trip to what many believe would be a new all-time high. Featured image from DALL-E, chart from TradingView

Decentralized storage and computing solutions firm CESS has announced its membership in the Government Blockchain Association (GBA), which is a global organization dedicated to advancing the adoption of blockchain technology across government, finance, and infrastructure sectors. CESS’s GBA membership aligns with its mission to foster a secure, user-centric, and decentralized digital ecosystem, while advancing industry standards in blockchain-based data infrastructure. As part of the partnership, CESS sponsored GBA’s “Blockchain & Infrastructure” conference this week in Washington, D.C. The conference, held on November 6-7, brought together policymakers and blockchain industry leaders who discussed the field’s transformative potential in public infrastructure, data management and government applications. CESS Co-founder Joseph Li spoke at the event on “Decentralized Platforms, Storage & Computing,” and also hosted a panel discussion that delved into the benefits of decentralized infrastructure across critical sectors. WATCH THE VIDEO CESS Co-Founder Joseph Li speaking at the conference As a sponsor, CESS highlights its advanced solutions designed for high-frequency, enterprise-level data storage, as well as its pioneering developments in decentralized physical infrastructure networks (DePIN). Through these technologies, CESS supports enhanced data sovereignty and security, empowering users across sectors to manage their data autonomously. CESS says its GBA membership and engagement in high-profile industry events reflect the company’s broader mission to support regulatory frameworks that encourage blockchain innovation while safeguarding user privacy. Alongside industry organizations like GBA, the Blockchain Association, and IEEE, CESS is committed to building a secure and equitable digital economy that champions data sovereignty and transparency. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

Bitcoin recent price movement of continuous uptrend has drawn the attention of market participants and analysts as it edges closer to creating a new all-time high, blasting through critical resistance levels. Amid this, a CryptoQuant analyst known as TraderOasis provided an in-depth analysis of Bitcoin’s market earlier today, suggesting the trajectory the asset could head to next. Analysis On Bitcoin Oasis explained that his previously outlined bullish scenario for the Range 0.5 structure had played out successfully, emphasizing the importance of Bitcoin’s previous all-time high (ATH) level as potential support. This level, represented by the blue line in his chart analysis (shown above), could be a critical marker for Bitcoin’s next phase, the analyst reveals. The analyst also highlighted the significance of the Coinbase Premium Index, which often indicates strong buying demand on Coinbase relative to other exchanges. Oasis noted that the bullish shift in this indicator was accompanied by an upward price move, marking an important resistance zone that Bitcoin needs to overcome to sustain its momentum. Furthermore, he pointed out that the open interest indicator, which tracks the total number of outstanding derivative contracts, was moving alongside the price. According to him, this is a positive signal indicating that market participation remains strong without signs of instability or excessive leverage. Rising Funding Rates And Exchange Netflow Observations TraderOasis also delved into another key metric: funding rates. These rates reflect the cost of holding long positions in perpetual futures contracts and can signal market sentiment. The analyst observed that funding rates had begun to rise again, suggesting that market participants are increasingly confident about further upward movement. However, he cautioned that this sentiment had not yet reached extreme levels that could indicate overheating or a potential correction. The analyst mentioned monitoring these levels is essential, as excessive funding rates often signal market tops or heightened volatility. Another aspect of analysis was the activity observed in exchange netflow for spot exchanges. According to Oasis, a significant sell-off was reflected in this indicator, which measures the net flow of Bitcoin into and out of exchanges. Given the potential for increased volatility, the analyst interpreted this as a signal to consider taking profits on long trades. This aligns with previous market patterns where high net inflows or outflows often foreshadow shifts in market sentiment and price direction. Meanwhile, Bitcoin so far appears to have found stability above $75,000 price mark following its latest ATH of $76,872 yesterday. At the time of writing, the asset currently trades for $75,820, up by 0.9% in the past day. Featured image created with DALL-E, Chart from TradingView

A major revamp is coming to the SEC. For many reasons, this year’s US presidential elections have become the most consequential for cryptocurrency. Crypto and blockchain technology has become an election issue, with both the Republican and Democratic candidates teasing the electorate with their plans on how to handle crypto. Between the two, incoming President Donald Trump offered a more friendly stance over crypto, promising to make the US a “crypto capital” and suggesting a change in leadership at the Securities and Exchange Commission (SEC). Now that Trump is the next president, all eyes are on the SEC and the expected reshuffle. And the latest political chatter suggests that the high-profile job will probably go to Dan Gallagher, Robinhood’s Chief Legal Officer. Many expect Trump to announce in January 2025 the next SEC chief, as the clamor for the agency’s Gary Gensler’s exit intensifies. Gensler In Hot Seat Before Elections Many expect Gensler to be one of the high-profile exits once Trump takes office. Gensler has waged legal fights against the crypto community for years, including Binance and Ripple’s XRP. His aggressive policies against crypto and its personalities have earned him plenty of detractors and enemies. With Gensler’s increasing unpopularity, many have demanded his resignation. Trump acknowledged the issue and promised a revamp of the SEC once he wins. Even Ripple’s Brad Garlinghouse has blamed Gensler for the Democrat’s loss this election. Now, Reuters reports that Robinhood’s Dan Gallagher is considered the top contender for Gensler’s post. Robinhood’s Dan Gallagher As Next SEC Chair? Dan Gallagher currently serves as Robinhood’s Chief Legal Officer. Gallagher was a SEC commissioner from 2011 to 2015 before joining the company. Also, Gallagher enjoys wide popularity among cryptocurrency bigwigs, especially among Trump donors. At least two sources have confirmed that the former SEC commissioner is in the running to become the next chair of the agency. Although the selection process is still open, Gallagher’s pro-innovation policies give him an advantage over other hopefuls. He advocates for tighter regulation of cryptocurrencies and supports market liberalization. Previously, Gallagher campaigned to treat digital assets like Bitcoin as a distinct asset class, not as securities. In short, the SEC can see a more crypto-friendly policy once Gallagher takes oath. Other Candidates In Consideration Aside from Gallagher, a few other names are floated as Gensler’s replacement. For example, some in the crypto industry are looking at Hester Pierce, who is a SEC Commissioner, to become the next SEC chair. However, some insiders have shared that Pierce isn’t keen on taking the job. Another candidate in the running is Mark Uyeda, who was appointed as SEC commissioner on June 30, 2022. Multiple reports also mentioned Paul Atkins, former Republican SEC Commissioner, and Robert Stebbins – who was named SEC General Counsel in May 2017 — as possible Gensler replacement. Featured image from CNBC, chart from TradingView

It is an exciting time in the crypto world as Q4 experiences an ongoing bull run. Joining a presale project during this period can be the most beneficial to investors’ bottom line going into 2025. Cutoshi is experiencing an influx of buyers joining the presale in its first few weeks live while BlockDAG (BDAG) is capitalizing on the momentum it has been building leading up to this point. The project drops a new 100% bonus offer to continue enticing new holders and rewards its existing base. Cutoshi Presale Sees Great Traction Cutoshi has quickly gained traction in the crypto space, having seen immense growth for a presale project. Launched only a few weeks ago, Cutoshi has already achieved over $620K in funds raised and has provided early backers with a 46% ROI. Its token price has risen with a new CoinMarketCap listing, the project is positioned for further growth as it moves through its second presale stage. Cutoshi’s appeal lies in its ecosystem of DeFi features, including a DEX platform, farming, and a unique learning academy. However, the limited supply of only 440 million Cutoshi tokens could lead to challenges in maintaining liquidity. BlockDAG’s Presale Is Hitting Major Numbers BlockDAG’s presale has surged past significant milestones, raising over $115.5 million and selling 15 billion coins since it launched. With the presale now in batch 25, BlockDAG’s coin price is currently $0.022. Unlike many projects backed by legacy institutions, BlockDAG has had to work its way up, building credibility and value through fresh technology, consistent community engagement, and impressive 2100% ROI. At its core, BlockDAG’s appeal lies in its unique Directed Acyclic Graph (DAG) structure, which seamlessly combines speed and security in a way traditional blockchains struggle to match. This robust foundation has drawn traders, developers, and miners, each recognizing the long-term potential of a network built to handle heavy transaction loads without sacrificing decentralization. BlockDAG’s presale strategy reflects its commitment to inclusivity, inviting participants from all experience levels to engage early in the project. 100% Bonus Offer + Early Access Drives Traders To BlockDAG BlockDAG drops a limited time promotion, BULLRUN100, as the project gains unstoppable momentum! These promotions give 100% bonus for every purchase and early access to the coins, dropping them straight into a crypto wallet. The numbers of the project speaks for itself: over 200,000 active users on the X1 App, an incredible 71,000 miners on the TG Tap Miner game, and an impressive $115.5 million raised so far! This latest promotion, BULLRUN100, is a celebration of BlockDAG’s continued rise, coinciding perfectly with the larger crypto market’s exciting bull run. This special offer is a shout-out to the early believers and loyal community members, giving them a chance to enjoy massive rewards. BlockDAG is not only acknowledging the dedication of its supporters but also enticing new buyers still watching from the sidelines. The team is sending a clear message: if you want to be part of a crypto success story, now’s the time! As BlockDAG climbs the charts, its promotions remind everyone that this project values its community above all, turning their loyalty into real gains in a bull market. BlockDAG is Stomping Out Presale Competition! Cutoshi launched at an ideal time, just as the wider crypto ecosystem begins an end of the year bull run! Capitalizing on that traction has allowed the coin to see huge numbers only a few weeks in. BlockDAG, however, is driven by its loyal community and has managed to secure its place as a high-potential presale option without relying on legacy connections. New buyers are rushing to join the project’s presale before the BULLRUN100 promotion ends. As the presale progresses, BlockDAG has provided returns that many are starting to notice, marking it as one of 2024’s most exciting projects to get involved with. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu

XRP struggles at $0.55 resistance level for six consecutive weeks Price DAA Divergence indicates declining network participation despite price gains 10% daily increase puts focus on 50% Fibonacci Retracement level Ripple (XRP) technical indicators and network metrics present conflicting signals amid sustained resistance testing. Recent price action shows renewed momentum, while underlying metrics suggest potential weakness. Should XRP investors remain cautious? XRP on-chain data reveals concerning trends through the Price DAA Divergence indicator, suggesting diminishing network engagement despite price appreciation. This technical warning potentially signals weakening market fundamentals as fewer participants actively interact with the network during price increases. Bitcoin’s recent achievement of consecutive all-time highs has influenced XRP’s market behavior through strengthening correlations. While this relationship currently supports price action, it potentially creates vulnerability to broader market shifts and reduces independent momentum. Current XRP trading activity focuses on the critical $0.55 threshold, coinciding with the 50% Fibonacci Retracement level. Breaking this resistance could trigger movement toward $0.59, aligning with the 61.8% Fibonacci level and potentially confirming renewed bullish momentum. However, market participants maintain cautious positioning as mixed signals emerge from various indicators. Support at $0.52 provides a foundation for continued consolidation while traders await clearer directional cues from both technical and fundamental factors. The intersection of technical resistance, network metrics, and market correlations creates a complex environment for XRP’s short-term prospects. These factors suggest careful monitoring of key levels remains crucial for confirming sustained momentum or potential reversals. Volume patterns and network engagement around these critical levels will likely determine XRP’s ability to overcome current resistance as market participants balance technical formations against declining network participation metrics.

ADA price jumps 25% over three days, breaking July resistance at $0.44 Large transactions exceed 697 daily count, highest since September 5 Average holding duration increases 139% within one week Cardano demonstrates remarkable momentum as significant holders drive increased activity amid growing market optimism. This surge represents the first successful breach of long-standing resistance levels since mid-2023. Cardano whale activity analysis On-chain metrics from Santiment reveal unprecedented whale movement, with transactions exceeding $100,000 reaching peak levels unseen since early September. This surge in high-value transfers typically indicates strategic positioning by major market participants, often preceding sustained price movements. Investor behavior patterns show significant shifts as the average token holding duration extends dramatically, suggesting growing confidence in ADA’s market position. Source: IntoTheBlock This 139% increase in holding time within a single week represents a notable departure from previous trading patterns, potentially indicating a shift toward longer-term investment strategies. Trading activity concentrates around the crucial $0.40 price point, previously serving as stubborn resistance since July. Successfully converting this level into support could establish foundation for movement toward $0.47, matching prices last witnessed in June’s trading sessions. However, market participants remain cautious about potential downside risks, with $0.31 identified as critical support should current levels fail to hold. This price point represents a significant threshold for maintaining bullish market structure and continued upward momentum. The confluence of whale activity, extended holding periods, and breakthrough past key resistance levels creates an intriguing market dynamic for Cardano’s short-term prospects. These factors suggest potential for continued strength while highlighting importance of maintaining newly established support levels.