The Bitcoin (BTC) price has experienced a significant downturn over the past 24 hours, falling below the critical $70,000 threshold. After reaching a peak of $73,620 on Tuesday, the cryptocurrency has declined by approximately 5.7%, hitting a low of $68,830 on Friday. Analysts point to several key factors behind this decline: #1 Risk-Off Sentiment Ahead of US Election The timing of Bitcoin’s price drop coincides with a narrowing lead for former President Donald Trump over Democratic candidate Vice President Kamala Harris in prediction markets such as Polymarket and Kalshi, where users bet on election outcomes. Bitcoin has been considered a “Trump hedge” due to the former president’s strong advocacy for the cryptocurrency sector. Donald Trump has proposed establishing a “strategic Bitcoin reserve” in the United States if re-elected. Speaking at the Bitcoin 2024 Conference, he outlined plans to retain all Bitcoin currently held or acquired by the US government as part of this reserve. This initiative is a core element of his campaign to strengthen the US as a leader, aiming to make the country the “crypto capital of the planet.” Earlier in the week, when Trump’s lead over Harris was more substantial, Bitcoin neared its all-time high of $73,777. The shrinking of Trump’s lead appears to have prompted investors to adopt a risk-off stance, contributing to the price decline. Crypto analyst HornHairs noted that derisking before elections has precedent. “Derisking into the election 5-6 days before it takes place happened in both 2020 and 2016. Price then went on to never retest the lows set the week before the election ever again. Be careful what you sell here,” he remarked via X. #2 S&P 500 Loses 3-Month Trendline The correlation between Bitcoin and traditional financial markets may have also influenced BTC’s price movement. The S&P 500 has fallen to its lowest level since October 9, potentially affecting investor sentiment in the crypto space. Analysts from The Kobeissi Letter observed that despite major tech companies like Apple reporting strong earnings, their stock prices have declined. “Yet another tech giant to beat earnings but trade lower,” they noted, adding that technology stocks faced widespread selling even as Meta, Amazon, and Apple exceeded earnings expectations. They added, It appears that markets are de-risking ahead of the election next week. Brace for volatility.” Crypto trader Marco Johanning highlighted concerns about the S&P 500 losing its three-month trendline. “Given that the S&P 500 lost the 3-months trendline yesterday, it looks more like a potential selloff before the US election on Tuesday and lower prices in the short term. The perfect bounce level is the 7-month trendline (blue). I don’t want to see prices below the POC/key level around 63k (red),” he wrote via X. #3 Leverage Flush Out A significant unwinding of leveraged positions in the markets has also contributed to Bitcoin’s price decline. The market correction appears to be a healthy response to an overextension driven by leverage. Renowned crypto analyst Miles Deutscher noted: “This pullback is normal (and expected). Market was looking overextended the last few days, and largely driven by leverage. Still not buying heavy as it isn’t a full cascade yet—will wait for one of those days around the election. Not a bad DCA day for certain coins tho.” Austin Reid, Global Head of Revenue & Business at crypto prime brokerage firm FalconX, pointed out that the crypto derivatives market was “on fire” ahead of the election, with futures open interest for BTC, ETH, and SOL crossing the $50 billion mark for the first time. On-chain analyst Axel Adler Jr reported that open interest was reduced by $2.1 billion, implying a significant leverage flush out. According to data from Coinglass, over the past 24 hours, 93,864 traders were liquidated, with total liquidations amounting to $286.73 million. The largest single liquidation order occurred on Binance’s BTCUSDT pair, valued at $11.26 million. For Bitcoin alone, $81.38 million in long positions were liquidated—the largest amount since October 1. At press time, BTC traded at $69,446.

Bitcoin is currently trading above $69,000, following a 6% pullback from its recent peak at $73,600. The recent surge in open interest has been a key factor in driving BTC’s price action, with open interest reaching $23.9 billion on October 30, a significant uptick that indicated high market engagement. However, in the past 24 hours, data from CryptoQuant reveals a $2.1 billion decline in open interest, signaling a shift as BTC’s price retraces to lower levels. This cooling off has led analysts to closely watch for renewed buying interest from spot investors, which could provide the fuel needed for BTC to rally once more. With Bitcoin hovering near key support levels, a push from spot investors could potentially set the stage for a strong rebound. The next few days will be pivotal as traders and analysts alike await fresh inflows that may reinforce BTC’s resilience and prepare it for another test of its all-time highs. As BTC holds around $69,000, market sentiment remains cautiously optimistic, with eyes on spot activity to gauge whether this retracement phase could soon give way to renewed momentum. Bitcoin Hype Slowing Down? Bitcoin has recently captured market excitement, coming within 1% of its March all-time high and fueling speculation of a massive breakout. However, this momentum appears to be losing steam, as BTC has yet to establish a new high, and open interest—a measure of the total value of futures contracts—has begun to shrink. Renowned analyst Axel Adler recently shared key data on X, revealing a $2.1 billion reduction in open interest within the last 24 hours. This decline, from a peak of $23.9 billion to $21.8 billion, indicates that speculative futures trading alone may not be sufficient to push Bitcoin to new heights. Adler suggests that for Bitcoin to break past this barrier, spot investors—the market participants who buy BTC directly rather than through derivatives—must step in to drive demand. With futures markets retreating, fresh buying from spot investors could be the needed catalyst to take Bitcoin above its all-time high and set the stage for further gains. The timing is crucial, as Bitcoin is currently trading close to its historical peak, and the upcoming U.S. election on November 5 adds another layer of potential market volatility. Many market participants are eyeing the election as a potential driver of a broader market rally, with a Bitcoin bull run possibly following a political catalyst. For now, Bitcoin hovers just below its all-time high, and while the futures market pulls back, attention shifts to spot buying as a key factor in determining whether BTC can resume its upward trajectory. As BTC holds near record levels, the next few days will be pivotal in defining its short-term direction and potential for a new bull phase. BTC Holding Above Key Levels Bitcoin is currently trading above the critical $69,000 mark, which previously acted as strong resistance since late July. Holding this level as support is essential for bulls aiming to push BTC toward new all-time highs. If Bitcoin manages to consolidate above $69,000, the stage could be set for a breakthrough into uncharted territory and a price discovery phase. However, should BTC retrace below this level, it would signal that the asset needs additional momentum to test and surpass its all-time high. In the event of a pullback, $66,500 stands out as the next critical support. This level would maintain Bitcoin’s bullish structure while providing a solid base for a potential rebound. Such a dip could attract fresh buying interest and add necessary fuel to Bitcoin’s rally, preparing the market for a renewed attempt at price discovery. As BTC hovers above this significant support level, traders are closely watching for signs of sustained strength or a healthy retracement to solidify the base before the next leg up. Holding above $69,000 is key, but even a temporary decline to $66,500 would keep Bitcoin’s broader bullish outlook intact. Featured image from Dall-E, chart from TradingView

ZetaChain experienced a six-hour outage due to a consensus failure. Network operations have resumed, ensuring all pending transactions will be processed. ZetaChain (ZETA), an interoperability-focused Layer-1 blockchain, experienced a six-hour outage on Thursday, halting deposits and withdrawals. The network’s interruption was caused by a consensus failure linked to a recent update deployed to a limited number of validators, necessitating a rollback to node software version 20.0.5. At approximately 11:53 p.m. UTC, ZetaChain’s operations were halted due to this technical issue. The network’s team promptly identified the problem and began efforts to rectify it. By around 6:00 a.m. UTC, ZetaChain confirmed via its website that block production had resumed, allowing normal network activities to continue. Meanwhile, “We will share a post-mortem tomorrow when we’ve reviewed the incident and replicated the root cause using a development environment,” ZetaChain stated. Despite the temporary suspension, Zeta Chain assured users that it would eventually process all pending transactions. However, the network later issued a notification regarding delays in cross-chain transactions resulting from the outage. Following the restoration of its mainnet, Zeta Chain encountered additional challenges as its testnet also faced issues, ceasing block production due to the same underlying problems observed on the mainnet. At 6:25 a.m. UTC, the network announced it was resyncing testnet validators to address the situation. Zeta History ZetaChain launched its mainnet earlier this year with a mission to create the “first universal blockchain,” designed to facilitate seamless integration across various networks, including Bitcoin, Polygon, and Ethereum. This ambitious project has attracted considerable attention and investment, raising $27 million in August 2023 from notable backers such as Blockchain.com, Human Capital, VY Capital, Sky9 Capital, and Jane Street Capital. As ZetaChain continues to address these technical challenges, stakeholders in the digital asset ecosystem are keenly observing the developments. It is especially regarding the implications for cross-chain functionalities and overall network reliability. Highlighted News Of The Day Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels

As the U.S. election generates heightened interest in alternative investments, SnoozeCat ($ZZZZCAT) enters the crypto market with a presale destined to redefine meme coins. Following in the footsteps of iconic coins like Dogecoin and Shiba Inu, $ZZZZCAT combines engaging meme appeal with unique, community-driven technology, setting it apart from every meme coin that has come before. This isn’t just another meme coin—$ZZZZCAT is poised to be the ultimate meme coin with robust features, exceptional earning opportunities, and a groundbreaking approach that rewards investors and strengthens the community. $ZZZZCAT: Positioned to Become the Top Meme Coin of 2024 In 2024, meme coins have surged as powerful assets with real earning potential, and $ZZZZCAT is leading the pack. Far from being a short-lived trend, $ZZZZCAT’s innovative features and community-centered benefits aim to set a new standard in the meme coin space. Here’s what makes $ZZZZCAT stand out: Community-First Design with Proven Team Leadership: SnoozeCat’s developers and community managers are experienced crypto professionals committed to transparency, integrity, and creating lasting value. Regular updates, an open roadmap, and a strong social media presence underscore $ZZZZCAT’s commitment to building trust and rewarding its holders. Proof of Meme (PoM) Consensus: The PoM consensus model is a groundbreaking approach that reflects and rewards meme culture’s social and viral nature. PoM encourages community engagement by creating rewards tied directly to social interactions and activity within the SnoozeCat community. By aligning growth incentives with community contributions, PoM transforms $ZZZZCAT into a living, evolving digital ecosystem that grows with its users. Exclusive Rewards for Early Participants: Early adopters can maximize their returns with bonus tokens and automatic qualification for SnoozeCat’s game-based airdrop. With up to 10 SUI tokens available to those who reach early benchmarks such as accumulating 10,000 $ZZZZCAT coins, early participants enjoy substantial perks that enhance the project’s earning potential from the outset. $ZZZZCAT Presale Details: Min Buy:100 SUI Max Buy:*5000 SUI Presale Price:1 SUI = 5000 $ZZZZCAT Total Supply:1,000,000,000 $ZZZZCAT Presale Allocation:400,000,000 $ZZZZCAT Presale Address: Send SUI to: 0xcca929604088ae523af11cc007d9a784ab9c6f2ce44f5f3764fd4ccb21f4e750 How to Buy $ZZZZCAT Set Up a SUI Wallet: Use Sui Wallet or Suiet Wallet for secure transactions. Acquire $SUI on an Exchange: Buy SUI on Binance or Coinbase. Transfer $SUI to Your Wallet: Move SUI to a personal wallet. Send SUI to Presale Address: Use the address above from your personal wallet. Receive $ZZZZCAT Post-Presale: Tokens will be airdropped after the presale ends. Important: Only send SUI from a non-custodial wallet (no exchanges). Security: Team members will never DM you first. Avoid impersonators. Join the $ZZZZCAT movement on SUI! $ZZZZCAT’s Unique Features: Building Lasting Value for Investors Key Products and Innovations: SnoozeCat isn’t just another meme coin; it’s a token engineered with an investor-focused mindset, offering lasting growth potential and continuous engagement. Proof of Meme (PoM) Consensus: As a model built exclusively for meme coins, PoM amplifies community engagement by tying token rewards to social interactions within the SnoozeCat network. This consensus ensures that $ZZZZCAT’s value grows organically, boosted by user activity and active participation. Game-Based Airdrop and Reward System: SnoozeCat’s presale participants gain access to the game-based airdrop, allowing them to earn extra tokens through fun, interactive challenges. Early investors reaching certain milestones can also earn up to 10 SUI tokens, adding value and gamified excitement to their investment. Long-Term Vision and Expanding Ecosystem: The SnoozeCat roadmap includes utilities like staking rewards, community-driven events, and continuous platform enhancements, ensuring that $ZZZZCAT holders experience growth and reward over the long term. Trusted, Transparent, and Community-Driven: SnoozeCat’s Commitment to Investors The SnoozeCat team is focused on building a secure, transparent, and thriving community. With regular development updates, accessible project documentation, and active engagement on social media, $ZZZZCAT ensures every investor is a part of the journey and has direct access to the team and community. Connect with Us: X (formerly Twitter): https://x.com/zzzzcatofficial?s=21&t=YNnUNNTH-XYID_0wNtuEtg Telegram: Medium: https://medium.com/@snoozecat808 Sales Page: https://snoozecatmeme.com/ Docs: https://docs.snoozecatmeme.com/ Act Now—Don’t Miss Out on the $ZZZZCAT Presale! The presale is now live, offering early investors the chance to secure $ZZZZCAT tokens with exclusive bonuses. SnoozeCat’s unique approach, community-centered rewards, and industry-leading innovation make $ZZZZCAT a compelling investment for those seeking to capitalize on the next big meme coin phenomenon. Join the $ZZZZCAT revolution today and be part of the future of meme coins! 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.

A New Era of Investment with Mey Network’s Pioneering RWA Platform As the finance industry embraces digital transformation, Mey Network is taking the lead in blockchain-powered Real-World Asset (RWA) tokenization. Backed by the renowned Meey Group, Mey Network is poised to redefine access to asset ownership, blending Meey Group’s expertise with cutting-edge blockchain capabilities. This ambitious initiative is unlocking new investment potential in real estate and other physical assets, also creating a secure, transparent, and scalable platform for the future of asset ownership. Mey Network plans to officially launch IDO this upcoming November 06, with the support of BSCS Launchpad, a premier name in the industry. For more information, please read the official announcement Strategic Backing by Meey Group At the core of Mey Network’s success is its partnership with Meey Group, a prominent leader in property technology. Founded in 2019, Meey Group has quickly risen to prominence under the leadership of Chairman Hoang Mai Chung, who drives its ambitious vision to bring Vietnamese proptech solutions to the world stage. Incredible achievements of Meey Group Successfully raised $40M over fundraising rounds 9 major technology industry awards and certificates of merit Best Innovation and Technology at Dot Property Vietnam 2024 Sao Khue Awards 2022 & 2023 Vietnam Digital Transformation Awards 2021 & 2022 Top 10 Best Real Estate Service Providers 2021 & 2022 Top Vietnam Industry 4.0 – I4.0 Awards 2023 & 2024 Top 10 Excellent Digital Technology Enterprises in Vietnam 2023 Received a Medal from the Vietnam Association of Real Estate Brokers Excellent Innovative Science and Technology Enterprise 2023 Certified Science and Technology Enterprise 500+ skilled employees in 22 offices nationwide with over 50,000 investors An ecosystem of 12 advanced technology products, generating $5 million in monthly revenue Meey Group is also a Strategic Advisory Partner of PwC, a Big Four advisory firm. Meey Group has just set the record for “Enterprise owning the Digital Transformation Technology Solution Set in the Real Estate sector with the largest number of products in Vietnam.” Meey Group’s industry insights provide Mey Network with a solid foundation for secure asset tokenization, lending credibility and strength to its platform. This alliance underscores Mey Network’s commitment to innovation and trustworthiness, giving investors confidence in a platform built on expertise. Unlocking Real Estate Investment Through Tokenization Mey Network has set out to make property investment accessible and globally tradable by tokenizing real estate assets. Through fractional ownership, investors of any scale can own and trade digital tokens representing partial ownership of physical properties. This approach reduces traditional entry barriers, improves liquidity, and transforms a typically local and illiquid market into a global investment arena. With the support of Meey Group’s industry insights, Mey Network ensures the assets backing each token are credible, vetted, and accurately represented. Access Mey Network Built-In Security and Transparency with Blockchain Mey Network’s platform is powered by Meychain’s blockchain technology, which provides an immutable ledger for all transactions and asset records. Meychain is a specially designed Layer-1 blockchain utilized for RWA tokenization and secure management in the Mey Network ecosystem. This decentralized architecture adds a layer of security, significantly mitigating risks associated with fraudulent activity or paper-based errors in traditional asset ownership processes. Every token representing a real asset on Mey Network is traceable, auditable, and securely managed, ensuring investors’ peace of mind. Transformative Financial Solutions Beyond Real Estate In addition to real estate, Mey Network’s platform offers a suite of innovative financial services, such as peer-to-peer (P2P) lending against tokenized assets on MeyFi. MeyFi is a powerful platform designed by Mey Network that provides exclusive DeFi services for users in the ecosystem. By bypassing traditional banking intermediaries, the network allows users to access liquidity against their tokenized assets with ease. This model not only streamlines the lending process but also lowers costs and increases efficiency, highlighting Mey Network’s potential to disrupt conventional finance models. Decentralized Governance for Investor Empowerment One of Mey Network’s standout features is its decentralized governance model. Investors who hold $MEY tokens have the power to shape the network’s future, from decision-making to selecting strategic partnerships. This model empowers stakeholders to participate in the platform’s evolution, creating a transparent, investor-centric community where the direction of Mey Network is guided by its users. Global Expansion Through Strategic Partnerships With a growth-driven strategy, Mey Network is actively forming partnerships with other leading players in the blockchain and RWA sectors. We can mention prominent names like TRL, BSX, Binaryx, Klarda, Le’Born RWA, Mises… These alliances extend Mey Network’s reach and broaden its technical capabilities, positioning it as a comprehensive ecosystem. Backed by Meey Group’s established reputation and expertise, Mey Network can confidently scale globally, offering investors a trusted and versatile platform. A Future Vision for Real-World Assets on Blockchain With its pioneering technology and innovative approach, Mey Network represents a forward-thinking solution in the financial sector. As RWA tokenization becomes increasingly relevant in modern finance, Mey Network’s ecosystem offers investors unprecedented access to traditionally inaccessible or illiquid assets, like real estate. The project’s commitment to security, transparency, and community involvement marks it as a leader in this emerging market. Mey Network prepares for its IDO launch and gears up to announce key partnerships; it stands ready to lead the industry with its innovative approach. Make sure to note all key information IDO Time: 9 AM, Nov 6 – 9 AM, Nov 7 (UTC) Join at BSCS Launchpad Industry experts, analysts, and investors alike are recognizing Mey Network’s potential as it advances a next-generation platform that is as transformative as it is investor-focused. Mey Network Official Media Channels:Website | Twitter | Telegram Channel | Telegram Group | Facebook | Youtube Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend 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.

Solana has shown a price drop of 4.90% in the last 24 hours after the recent price increases. The altcoin’s daily trading volume has increased by 5.67% as per CMC data. The cryptocurrency market has witnessed a minor bear resistance in the past day, as digital asset prices have dunked. On the other hand, the crypto regulatory landscape has sprung to action as another month begins. A recent report released shows that the US SEC has charged the crypto sector with penalties worth $400 million since April 2021. Meanwhile, Bitcoin has incurred a 3.91% price dip and slid to the $69K level. Following this, the altcoin sector has also mirrored price actions. Notably, the altcoin Solana also showed a 4.90% price dip retracing to the $166 level yet again. At the beginning of the day, the token was trading at a high of $176 before bearish candles took over. Furthermore, SOL hit an intraday low of $165.05 following the $176 high after which it began rising to current levels. Additionally, the altcoin has exhibited increased volatility over the past day. At the time of writing, Solana was trading at $166.75 as per CMC data. Zooming out, over the past week Solana shows a 3.11% price dip despite the past few days’ rally. The altcoin initiated its upward movement this week from the price level of $173. After this, it rallied further to hit a weekly high of $183.04 until the recent price dip. Solana Price Monthly Overview On inferring Solana’s monthly price chart it shows a significant 12.81% increase. This results from the altcoin climbing up from its previous support level of $148 to the aforementioned highs. Moreover, despite increased volatility as indicated by the RVI standing at 53.84, the token has managed to break several resistance levels. SOL/USDT Daily Price Chart (Source: TradingView) Furthermore, Solana’s Moving Average Convergence Divergence (MACD) shows a bearish crossover in the past day, as the MACD line stands over the MACD line as per TradingView data. However, the crossover seems quite recent as depicted in the chart which indicates that SOL can still recover from the brief dip. If Solana manages to turn positive then it can be expected to return to the previous price rally. Meanwhile, other altcoins such as Ethereum and XRP have also shown negative price actions in the past day. Highlighted Crypto News Today: Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels

London, United Kingdom, November 1st, 2024, Chainwire CreationNetwork.ai, a groundbreaking digital platform, today announces its public launch, redefining digital engagement for businesses, content creators, and influencers. As an all-in-one solution for content creation, e-commerce, social media management, and digital marketing, CreationNetwork.ai combines 22+ proprietary AI-powered tools and 29+ platform integrations to deliver the most extensive digital ecosystem available. Empowering Digital Transformation with 22+ AI-Powered Tools CreationNetwork.ai’s suite of tools spans every facet of digital engagement, equipping users with powerful AI technologies to streamline operations, engage audiences, and optimize performance. Each tool is meticulously designed to enhance productivity and efficiency, making it easy to create, manage, and analyze content across multiple channels. Key tools include: AI Copywriter: Generates high-quality, unique content for blogs, social media, and business communications. AI Page Maker: Simplifies landing page creation with zero design or coding knowledge. AI Trend Briefs: Provides market insights and trends, positioning users at the forefront of innovation. AI Bot Maker: Creates intelligent chatbots for seamless user interaction and customer support. AI Video Maker: Produces captivating, brand-aligned promotional videos. AI Video Ambassador: Transforms text scripts into spokesperson videos with customizable avatars. AI Voiceovers Studio: Offers lifelike voiceovers in multiple languages and accents. AI SmartVoice Replicator: Clones voices to maintain brand consistency across content. AI Voice Modifier: Enhances voice recordings, elevating audio quality effortlessly. AI SmartTranscriber: Converts audio into text with accuracy, ideal for transcription and subtitles. AI Design Studio: Enables professional-quality graphic creation without design skills. AI BrandMagic: Instantly creates essential brand assets like logos and business cards. AI Banners: Tailors banners for digital platforms and campaigns. Art Academy – Image Genius: Allows text-to-image transformation, animations, and editing with AI. Social Metrics Analytics: Offers detailed insights on social media performance metrics. Social SmartEngagement: Increases engagement through targeted AI-driven insights. Social PublishMaster: Automates social publishing with optimized timing and platform synchronization. Social Listen Monitor: Tracks brand mentions and audience sentiment across social media. Social Automation Optimize: Automates repetitive tasks, improving workflow and engagement. Social CollaborationPro: Fosters team collaboration, managing content creation and approval processes. AI & Automation: Integrates AI-driven insights across content creation, engagement, and analytics. Team-Powered Branding: Amplifies brand messaging through employee advocacy. Each of these tools is designed to optimize digital engagement, reduce manual workload, and enable users to focus on impactful, strategic actions. CreationNetwork.ai’s suite harnesses the transformative power of AI and blockchain, fostering both creativity and precision. Comprehensive Integration Network: 29+ Platform Connections for Maximum Reach One of the most distinguishing features of CreationNetwork.ai is its extensive integration network. With over 29 integrations, users can synchronize their digital activities across major social media, e-commerce, and content platforms, providing centralized management and engagement capabilities. Social Media Integrations: Facebook, X (Twitter), Instagram, LinkedIn, Pinterest, TikTok, YouTube, WhatsApp, Telegram, Discord, and Snapchat. E-commerce Integrations: Google Business Profile, Shopify, WooCommerce, Etsy, BigCommerce, Ecwid, and Wix Commerce, supporting online retailers with seamless inventory and order management. Content Creation Integrations: Canva, Grammarly, Airtable, Zapier, Make, Adobe Express, Unsplash, Giphy, Pexels, Pixabay, and Dropbox allow users to access resources for content creation and file management without leaving the CreationNetwork.ai platform. This integration network empowers users to manage their brand presence across platforms from a single, unified dashboard, significantly enhancing efficiency and reach. Community Incentives: CRNT Token Airdrop and ICO Whitelisting In preparation for its Initial Coin Offering (ICO), CreationNetwork.ai is launching a $750,000 CRNT Token Airdrop to reward early supporters and incentivize participation in the CreationNetwork.ai ecosystem. Qualified participants can secure their position by following CreationNetwork.ai’s social media accounts and completing the whitelist form available on the official website. This initiative highlights CreationNetwork.ai’s commitment to building a strong, engaged community. Whitelist Form: https://creationnetwork.ai/whitelist-airdrop-gateway/ CreationNetwork.ai: The Future of Digital Content and Marketing CreationNetwork.ai is also a comprehensive digital ecosystem for businesses, creators, and marketers. Combining the power of AI and blockchain, CreationNetwork.ai redefines how users manage their digital presence, from crafting content to engaging with audiences across diverse channels. Its suite of tools, extensive integrations, and commitment to community-building make CreationNetwork.ai a leading solution for digital transformation. About CreationNetwork.ai CreationNetwork.ai is a leader in AI-driven content creation, social media management, and e-commerce solutions, leveraging blockchain technology to empower its users with advanced digital engagement tools. Through a broad spectrum of AI tools and extensive integrations, CreationNetwork.ai is dedicated to transforming the way brands, businesses, and creators connect with audiences in an ever-evolving digital world. For further information, users can visit https://www.creationnetwork.ai/ and https://www.crnttoken.net/. Users can also connect with CreationNetwork.ai on their Social Media: Telegram: creationnetworkCRNT Twitter: @CRNTNetworkAI Facebook: AINetwork369 Instagram: creationnetwork.ai YouTube: CreationNetwork AI Contact CEO Ali Demir creationnetwork.ai [email protected]

Large ETH whale transfers hint at possible sell-offs and repositioning. RSI at 47.33 shows bearish sentiment, with potential for further declines. The global cryptocurrency market cap currently stands at $2.28 trillion, reflecting a 5.96% drop in the last 24 hours. This decline may be partly driven by shifts in the U.S. election predictions, as recent data shows that the odds of Trump winning have dropped to 2.8%. This adjustment in election sentiment could be affecting market confidence, adding pressure on major cryptocurrencies, including Ethereum. Ethereum is trading at $2,511.96, marking a 5% dip over the past day. The ETH’s market cap is at $302.46 billion, contributing about 13.3% to the global crypto market. In the past 24 hours, Ethereum’s trading volume reached $21.04 billion, down 3.9%, indicating a cautious mood among investors as election uncertainties ripple through the market. Interest in Ethereum ETFs surged this week, with inflows totalling $13.65 million, the highest in the past seven days. In contrast, Bitcoin ETFs saw their lowest inflows over the same period. This shift suggests that institutional investors are now favouring ETHexposure over Bitcoin, likely due to Ethereum’s unique position in decentralized finance and smart contract utility. The strong inflows into Ethereum ETFs underscore long-term confidence in Ethereum’s growth, despite short-term market pressures. Whale Activity and Key Technical Levels for Ethereum Recent whale transactions have also impacted Ethereum’s market. In a significant transfer, 13,162 ETH (approximately $33.1 million) moved from an unknown wallet to Coinbase, potentially signalling a future sell-off. Another 20,000 ETH (worth around $50.4 million) was transferred from Bitfinex to an unknown wallet, suggesting strategic repositioning among major holders. Such movements often foreshadow potential price shifts, as large transfers can influence liquidity and supply in the market. On the technical side, Ethereum’s immediate support is at $2,514, while resistance stands at $2,576.94. A breach above this resistance level could push Ethereum toward $2,600, whereas a drop below support may lead to further declines toward $2,467. The Relative Strength Index (RSI) currently reads 47.33, below the average of 52.71, indicating a bearish sentiment and potential selling pressure. Additionally, the 9-day moving average (MA) at $2,540.54 has crossed below the 21-day MA at $2,576.94, signalling a bearish crossover. This trend suggests continued downside risk in the near term, as Ethereum may struggle to break above resistance without renewed buying momentum. Highlighted Crypto News Today Will Bitcoin (BTC) Present a Prime Buying Opportunity This November?

Willemstad, Curaçao, Netherlands, November 1st, 2024, Chainwire Cloudbet sportsbook data shows Trump still crypto favorite; Harris probability dips to record lows. With just a few days left until the 2024 U.S. Presidential Election, the crypto betting market and traditional polls continue to diverge on the race between former President Donald Trump and Vice President Kamala Harris. Cloudbet, a leading crypto betting platform, reports Trump’s odds at 1.56, indicating crypto money is piling into what many believe is an all but certain second term for Trump. As final polls rolled in over the pre-election weekend, Harris seemed to be holding on in several crucial “blue wall” states. The notable exception was Pennsylvania, with CNN polling showing the candidates tied at 48%. “Given only the polls, there is no way the odds would have moved this far to Trump,” a Cloudbet spokesperson said. “I’m not saying there’s not a high chance he’ll win, but it’s hard to imagine a lot of crypto bettors aren’t betting on their personal hopes here.” On election day in 2020, Cloudbet reported that 84% of bets placed favored Trump. “It was so one-sided the oddsmakers were double and triple-checking everything coming in,” said the spokesperson. “They couldn’t believe how few people were backing Biden to win.” In 2024, Cloudbet believes the added weight of a “crypto voter” voting block may be a contributing factor to the bullishness on Trump, who has repeatedly weighed in with pro-crypto talking points. Cloudbet’s odds for Trump imply a 64.1% chance of him winning the election, with Harris’ odds sometimes dipping below a 40% chance of victory. Cloudbet users have also been bullish in state-by-state bets for Trump, moving implied probability close to 80% in North Carolina and to almost 60% in Wisconsin (as of October 31, 2024): Arizona: Trump to win at 78.13% Florida: Trump to win at 97.09% Georgia: Trump to win at 74.07% Michigan: Harris to win at 58.14% Nevada: Trump to win at 68.03% North Carolina: Trump to win at 75.19% Pennsylvania: Trump to win at 60.24% Wisconsin: Trump to win at 58.82% Odds, of course, may tighten. The final days of the campaign have been marked by high-profile endorsements and controversies. Puerto Rican reggaeton star Nicky Jam withdrew his support for Trump after comedian Tony Hinchcliffe’s disparaging remarks about Puerto Rico at a rally. Meanwhile, former California Governor Arnold Schwarzenegger announced his endorsement of Harris, joining a growing list of Republicans crossing party lines. Per Cloudbet, this all adds up to a wild ride for bettors: “It’s going to be a wild last few days here. Crypto bettors often jump in at the final hour, and we expect a ton of people to be looking at the moving odds on our politics page right up until polls close.” About Cloudbet Founded in 2013, Cloudbet is the longest-running crypto-betting platform in the world. It has processed millions of bets across its sportsbook and casino platforms, serving hundreds of thousands of users globally. As a licensed operator, Cloudbet maintains institutional-grade custody solutions and a decade-long track record of zero security breaches. Players can bet using 35+ cryptocurrencies, from Bitcoin and Ethereum to stablecoins and emerging altcoins. Available in 18 languages, Cloudbet features live sports betting across major leagues, esports, and 3,000+ casino games from premier providers. For media inquiries, odds requests, and further information, please contact Irene at [email protected] or visit media.cloudbet.com. Contact Irene Halcyon Super Holdings B.V. [email protected]

Crypto analyst Ali Martinez has revealed what needs to happen next for the Bitcoin price to surpass its current all-time high (ATH) of $73,700. The analyst had rightly predicted the recent price rally to $72,000 but warned back then that the flagship crypto won’t hit its ATH instantly. How The Bitcoin Price Can Reach New ATH Martinez mentioned in an X post that the Bitcoin price needs to hold above the $69,000 support level to reach a new ATH. He claimed that a successful hold above that support level could lead to a price rally to $78,000. This came as he noted that the Bitcoin price movement was going according to plan. Before now, Martinez had predicted that the Bitcoin price would rise to $72,000 if it held above $65,000, which eventually happened. Back then, he added that BTC would likely experience a pullback to $69,000 after this price, which has also now happened, with the flagship crypto closing in October below $70,000. This price correction is believed to be healthy, considering the pump that BTC enjoyed earlier in the week, coming close to its current ATH. This pump was followed by a wave of profit-taking, with whales, including Bhutan, selling their BTC holdings to secure some profits. Ali Martinez indicated that the flagship crypto is still in bullish territory, as he alluded to BTC’s historical performance in November, a month in which it has recorded more positive returns than negative ones. In another X post, he suggested that the Bitcoin price could go parabolic after the US elections. He shared a chart of BTC’s movement after the last three US presidential elections and remarked that he doesn’t expect this time to be different. Bitcoin hit a new ATH after those elections, which could happen again. How It Could Play Out After The US Election Economist Alex Krüger has provided insights into how the Bitcoin price could move after the US elections. In an X post, he claimed there is a 55% probability that BTC will reach $90,000 by year-end if Donald Trump wins. This is based on the fact that the former US president has declared his support for cryptocurrencies. Meanwhile, if Kamala Harris wins, Krüger mentioned that there is a 45% probability that the Bitcoin price will be trading at $65,000 by year-end. The economist put the weighted average for BTC’s price at $79,000. He also told market participants to expect a swift Bitcoin price rally if Trump wins. At the same time, he said he expects BTC to range between $65,000 and $68,000 going into the election night. At the time of writing, the Bitcoin price is trading at around $69,400, down over 3% in the last 24 hours, according to data from CoinMarketCap.

Bitcoin price declined by 4%, slipping down to $69K. BTC remains in the greed zone, with the Fear and Greed Index at 75. Bitcoin’s October phase has ended with a 13% gain, triggering analysts to predict upward momentum in November. BTC enters a period of heightened anticipation, eyeing potential price movements. Despite that, the crypto market cap has reached $2.34 trillion, losing over 3.70%. The BTC price has slipped by 4% over the past 24 hours, currently trading at $69,376, where the asset is 5.79% below its all-time high. However, due to its brief bearish price action, BTC might be poised for a downside rally for the day. Over the day, Bitcoin has recorded the lowest and highest prices at $68,779 and $72,662, respectively. Consequently, the market observed a liquidation of $88.25 million worth of BTC during this timeframe, as per data. Besides, the asset’s weekly chart recorded a moderate price gain of 2.36%. BTC began trading at $67,695. Notably, in the middle of this week, Bitcoin tested the $71.2K level and hit a weekly high of $73,544. It’s vital to recognize in the analyst chart that Bitcoin’s recent spike to $72K is following an expected trajectory, with the crucial support level at $69K. If Bitcoin holds its ground above this level, it could trigger further upside momentum, reaching $78,000. On the other hand, the defunct cryptocurrency exchange, Mt. Gox has transferred 500 BTC, approximately worth $35 million, to unmarked addresses. The wallet currently holds 44,905 BTC, and the move has sparked speculation in the compensation process for creditors. Can Bitcoin Bulls Turn the Tide? While zooming in at Bitcoin’s four-hour technical indicators, it infers the asset’s current brief bearish outlook. The Moving Average Convergence Divergence (MACD) line is positioned below the signal line, which might trigger the incoming bear run. BTC chart (Source: TradingView) In addition, the Chaikin Money Flow (CMF) indicator is found at -0.08, hinting at the decreased money flow. Meanwhile, the daily trading volume of BTC has reached $44.56 billion, soaring by over 13%. Moreover, the current market sentiment is neutral, as the daily relative strength index (RSI) is hovering around 45. The asset’s daily frame displays the short-term 50-day moving average above the long-term 200-day moving average. The price chart of BTC reveals the probability of both the upside and downside correction. If the negative trend continues, BTC could slip below $69K in the short term. Further losses might push the BTC price to decline to the $68,300 range. On the flip side, Bitcoin’s price could break the resistance at $70K and can aim for the all-time high of $73,750. BTC could rally further if the lost momentum is regained. In that case, the asset could break it’s all-time high (ATH). Highlighted Crypto News Crypto Firms Hit with $400M SEC Enforcement Bill Under Gensler

Satoshi Airlines, a HongKong-based innovative travel technology company focused on reshaping the future of crypto-enabled air travel, announced today that it has secured an investment commitment of $75 million from GEM Digital Limited, a digital asset investment firm headquartered in the Bahamas. GEM Digital actively sources, constructs, and invests in utility tokens, with a portfolio represented across over 30 centralized (CEX) and decentralized (DEX) exchanges worldwide. About Satoshi Airlines Satoshi Airlines is pioneering the Fly-to-Earn travel model, empowering users to earn rewards through travel activities like booking, boarding, and participating in the ecosystem. With a vision to redefine travel, Satoshi Airlines integrates NFT-powered loyalty rewards, a decentralized travel insurance service, and strategic partnerships with airlines and travel agencies globally. Users can access exclusive rewards, automatic compensation for travel disruptions via smart contracts, and enjoy an inclusive platform catering to travelers of all backgrounds. Further Developments and Roadmap Satoshi Airlines is on a rapid expansion path with plans for further fundraising rounds and additional CEX listings to broaden the reach of its native token. Key milestones include: – Platform Launch: Upcoming platform release with access to Fly-to-Earn rewards, NFT loyalty tiers, and seamless crypto travel booking. – Further CEX Listings: The token is set for additional CEX listings to provide greater liquidity and accessibility to a global user base. – Strategic Partnerships: Ongoing collaboration efforts with airlines and travel agencies, reinforcing Satoshi Airlines’ global network and service expansion. The app engages users through gamification and offers two modes: Free Rider for non-NFT holders and Jet Set mode for NFT holders. For more information, visit Satoshi Airline’s website.https://satoshiair.xyz/ About GEM DIGITAL GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, we actively source, structure and invest in utility tokens listed on over 30 CEXs and DEXs globally. GEM (Global Emerging Markets) is a $3.4 billion alternative investment firm with offices in Paris, New York, and the Bahamas. GEM oversees a wide range of developing market investment vehicles and has executed over 525 transactions in 75 countries Contact: Henry [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend 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.

Crypto firms spent $400 million on SEC enforcement actions since April 2021. Two-thirds of voters want clearer SEC guidelines for crypto regulation. The U.S. digital asset sector has faced mounting costs exceeding $400 million in dealing with enforcement actions brought by the Securities and Exchange Commission (SEC) under Chair Gary Gensler. The Blockchain Association highlighted this figure, compiled and released in partnership with global markets research firm HarrisX, on Thursday, emphasizing the significant financial toll on industry players. Since Gensler’s appointment in April 2021, the SEC has actively pursued cases against crypto firms, asserting that most digital assets qualify as securities. Companies such as Coinbase, Ripple, Kraken, and Crypto.com—members of the Blockchain Association—have collectively spent hundreds of millions on legal and compliance-related expenses. Moreover, according to a statement from the group, this amount represents only a “small slice” of the industry, with broader implications on job losses, hindered innovation, and decreased U.S. investment. Raising Public Concern The HarrisX survey, conducted online from October 25-28 with 1,717 registered voters, revealed public concern over the SEC’s approach. Two-thirds of respondents believe the SEC should wait for clearer regulatory guidelines from Congress before enforcing actions. Current legislative proposals, including bills for stablecoin regulation, have yet to pass, contributing to the ambiguity. Political affiliation plays a role in voter perceptions, as survey results showed a near-even split on which party is more favorable toward crypto innovation. The poll found that 34% of voters lean toward Republicans and 32% toward Democrats, reflecting division on how best to support digital asset growth. Meanwhile, industry leaders are vocal about their frustrations. Coinbase’s Chief Legal Officer, Paul Grewal, shared the survey findings on social media, underscoring the financial impact on taxpayers and urging voters to consider these issues at the polls. Meanwhile, critics argue that the SEC’s outdated regulations fail to accommodate the unique nature of digital assets, prompting some firms to challenge the agency in court. The ongoing regulatory scrutiny has sparked concern over the future of crypto innovation in the U.S., with major firms like ConsenSys citing SEC actions as a reason for workforce reductions and emphasizing the tangible economic effects on the sector.

Ahead of its monthly close, Bitcoin (BTC) has seen another unsuccessful attempt to reclaim the $72,000 resistance as a support level. Despite the drop, some analysts consider the cryptocurrency is still in a strong position for an upcoming breakout, setting the next levels to watch. BTC’s Sweet 16 Party Turns Spooky Bitcoin, the largest cryptocurrency by market capitalization, recorded an impressive rally in ‘Uptober,’ surging around 13% in the last 30 days. BTC’s price has jumped from the $58,900 monthly low to near its all-time high (ATH) price of $73,737, reaching the $73,300 mark on Wednesday. Following the green September close, the flagship crypto is set to have its best monthly close since March, potentially registering around 13$ to 14% in monthly returns despite its most recent price action. On its whitepaper’s 16th birthday, Bitcoin recorded a spooky 2% drop, driving the rest of the market to a red Halloween party. BTC’s price fell below the $71,000 mark, reaching an intraday low of $70,600. Meanwhile, the second largest cryptocurrency by market capitalization, Ethereum (ETH), pulled back around 5.1%, losing the $2,600 support zone. Crypto analyst Ali Martinez pointed out that today’s drop is the fifth consecutive rejection BTC faces at $72,000. Since its ATH, Bitcoin has been rejected from this resistance level five times, dropping between 8.2% and 18% the four previous times. Analyst Altcoin Sherpa suggested that BTC could see a 4% to 5% dip if the largest cryptocurrency doesn’t hold the $70,000 support zone. Nonetheless, Sherpa considers that the cryptocurrency should “see some sort of bounce” from the $70,800-$71,400 area in the short term. BTC is expected to have an extremely volatile week ahead of the US presidential elections. Bitfinex analysts predicted that Bitcoin volatility will peak between November 6 and November 8, as speculation and anticipation about the election outcome affect the cryptocurrency’s performance. Is Bitcoin Gearing Up For End-Of-Year Breakout? Cryptoinsightuk weighed in on Bitcoin’s performance, noting that BTC is still at ATH by Open Interest (OI). The crypto investor considers that the Daily Relative Strength Index (RSI) could potentially “cross bearish” today. He also highlighted that $69,600 should work as a key support level for Bitcoin bulls but warned that losing the $66,500 range could be “messy” as BTC’s open interest would “flush.” Meanwhile, Crypto Kaleo posted a more bullish outlook for BTC’s price action. The analyst highlighted that the flagship crypto didn’t break above its ATH when it retested the $20,000 mark in 2020. Instead, Bitcoin initially pulled back nearly 20% during Thanksgiving, moving from $19,400 to $16,100. Moreover, BTC’s price accumulated within that range for 30 days before breakout, seeing the next leg up in late December 2020. The analyst pointed out the breakout happened 219 days after May 2020’s Halving. As Bitcoin is currently 194 days post-halving, the analyst considers that “a little bit of a pullback here isn’t any reason for concern.” As of this writing, Bitcoin has held the $70,000 support level, currently trading at $70,522.

Bitcoin (BTC) fell over 5% to around $68,779, down from $72,500, in the past 24 hours. The defunct Mt. Gox exchange transferred 500 BTC, valued at $35 million, to unknown addresses. Bitcoin (BTC) dropped to the $69K zone, losing more than 5% in the last 24 hours, following fresh movements of Bitcoin associated with the defunct Mt. Gox exchange. This latest slide comes after BTC traded as high as $72,662, has the crypto world abuzz about what this activity could mean for the market. According to blockchain analytics firm Arkham Intelligence report on November 1, around 500 BTC, valued at $35 million, was transferred from Mt. Gox-linked wallets to several unknown addresses. Specifically, 1.78 BTC went to one address, while 468.24 BTC ended up in another. (Source: Arkham) This is the first large transfer from Mt. Gox-linked wallets in about a month. Still, the wallet was flagged as belonging to Mt. Gox holds an enormous 44,905 BTC—worth roughly $3.12 billion—as per Arkham. A Glimpse of the Past This movement comes on the heels of a similar activity in August when Mt. Gox shifted about 13.265K BTC. The transfer worth around $784 million at the time, to an undisclosed wallet. These frequent transfers have raised speculation that Mt. Gox may be preparing for the long-awaited repayment of Bitcoin to its creditors. Originally set for 2024, the platform recently extended its deadline by a year to October 31, 2025. In May, Mt. Gox firmly denied rumors of a $10 billion BTC and Bitcoin Cash (BCH) selloff from its wallets. However, the current market reaction suggests any movement from these wallets continues to impact Bitcoin’s price. With BTC now trading around $69,567, the day’s trading volume surged over 14% to $44.59 billion. Mt. Gox, one of the first Bitcoin exchanges, once managed around 70% of all global BTC transactions. But went under in 2014 following significant security breaches. Since then, creditors have eagerly awaited their Bitcoin.

Immutable responded to the SEC’s Wells Notice explaining its internal communications with the regulator. The SEC has filed lawsuits against several cryptocurrency firms in the last few months. In the last 24 hours, several interesting market activities occurred. The crash of the US stock market took the spotlight as the leading cryptocurrency Bitcoin also returned to the $69K level. Meanwhile, on the regulatory end, the SEC received a response from its recent Wells Notice receiver, Immutable. Crypto assets and gaming platform Immutable released an official statement responding to the SEC’s recent Wells Notice. The firm drew out a detailed history of the SEC’s ‘string of cases’ lost over the last few years. It referred to Ripple, Coinbase, and the secret investigation on ETH. Further, Immutable also referred to the lawsuit that Consensys filed against the regulator. Secondly, Immutable criticized the SEC’s approach towards cryptocurrency – regulation through enforcement rather than policy. They stated that Immutable reached out to the SEC for an open and clarifying conversation but only received a strict timeline. The SEC issued the Wells Notice very close to the US elections, not giving Immutable much time to clarify the allegations. Immutable stated in its official statement: The allegations include violations of securities laws and company misrepresentations dating back to 2018. Immutable also highlighted its intent to deal with the current Wells Notice and an impending lawsuit. How is Immutable Planning to Fight the SEC’s Allegations? The gaming platform discussed how the SEC was not open for a conversation and instead sent a Wells Notice in a matter of a few hours. The Wells Notice indicates an upcoming lawsuit. Additionally, Immutable also stated that the SEC’s allegations were under-researched and incorrect. Furthermore, the firm believes the issue could be resolved through an open conversation. However, if the SEC was willing to go to court, it would be willing to fight and win against the SEC, said the official statement. It also stated that the SEC cannot stop their growth and the crypto industry’s growth. Meanwhile, the SEC has continued its legal battle against the Ripple ecosystem with its last-minute appeal. Ripple has filed a cross-appeal in response to the SEC’s move.

Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.’ As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts. Rise In Funding Rates To Drive Breakout? Positive funding rates imply that there are more aggressive buyers, indicating bullish sentiment, whereas negative rates suggest more sellers and a bearish outlook. This trend reflects a favorable market sentiment for Ethereum, albeit with some caution regarding its sustainability. Despite this renewed optimism, the current positive funding rates for Ethereum, as highlighted by Shayan are yet to match levels seen in early 2023, when the cryptocurrency experienced a marked bullish trend in March. This difference may indicate that, although sentiment is shifting, the momentum may need further strengthening to ignite a sustained rally. Shayan observations suggest that while traders lean towards a positive outlook on Ethereum, this sentiment must translate into higher funding rates to indicate a stronger conviction in the asset’s potential price rise. The analyst wrote: Ethereum Market Performance Ethereum has seen a noteworthy recovery in price in recent weeks. The asset has recorded a price uptick rising to as high as $2,719 on Wednesday. However, following the asset reaching this price mark comes a noteworthy correction. Over the past day, ETH has decreased by 5.1%, shedding some of the profits in the past few days. At the time of writing, the asset trades at $2,550 from its 24-hour low of $2,548. ETH’s daily trading volume has also followed the same trend, dropping from above $24 billion on Wednesday to below $20 billion. Regardless of this performance, some analysts remain bullish on ETH. For instance, renowned crypto analyst Javon Marks has recently highlighted that Ethereum is coming off “confirmed Hidden Bull Divergence patterns and an RSI breakout,” which sets its price to climb by 75% to reach the $4811.6 target. Featured image created with DALL-E, Chart from TradingView

On Wednesday, BlackRock, the world’s largest asset manager, achieved a significant milestone in the Bitcoin ETF market, recording the largest inflows since the inception of these investment funds in January. Bitcoin ETF Demand Soars Ahead Of US Presidential Election According to Bloomberg, approximately $872 million flowed into BlackRock’s iShares Bitcoin Trust on Wednesday, marking a daily record for the fund. This influx highlights the strong demand for Bitcoin ETFs, with subscriptions for this nine-month-old product ranking among the highest globally for ETFs in 2024. As a result of the inflows, BlackRock’s total holdings in Bitcoin now stand at 429,185 BTC, valued at approximately $31.04 billion. This accounts for about 2.04% of Bitcoin’s total supply, capped at 21 million coins. The recent inflows are being attributed to a phenomenon dubbed the “Trump trade,” as pro-crypto Republican nominee Donald Trump gains momentum in betting markets ahead of the upcoming election day on November 5. Bitcoin is on the verge of reaching new heights, fueled by a 13% rally in October. James Seyffart, an ETF analyst at Bloomberg Intelligence, noted on Bloomberg Television that the demand for these ETFs is palpable, suggesting that investors are responding not only to Bitcoin’s upward momentum but also to Trump’s favorable odds in the political arena. Trump has made headlines with his pledge to turn the US into the “crypto capital of the planet” and to create a strategic Bitcoin reserve for the country to halve the US’s $35 trillion national debt. In contrast, Democratic Vice President Kamala Harris, has pledged to support a regulatory framework for the cryptocurrency industry but has not provided further details on how her potential new administration will address the community’s calls for a change in leadership at the US Securities and Exchange Commission (SEC) and its approach to digital assets. Price Predictions Surge Amid bullish predictions for the leading crypto of the industry, market expert Ali Martinez has shared compelling insights regarding Bitcoin’s potential price trajectory for the months ahead. In a recent post on social media platform X (formerly Twitter), Martinez analyzed historical patterns, noting that Bitcoin has typically peaked between the 1.618 and 2.272 Fibonacci retracement levels during past bull cycles. If this trend continues, Martinez predicts that Bitcoin could reach a price range between $174,000 and $462,000 in the current cycle. In addition to these price predictions, Martinez pointed to another bullish indicator: a significant outflow of Bitcoin from cryptocurrency exchanges. Over the past 48 hours, approximately 8,000 BTC, valued at around $576 million, have been withdrawn from exchanges. This trend signifies a growing inclination among investors to hold onto their Bitcoin rather than sell it, which can create upward pressure on prices as BTC inches closer to its all-time high level of $73,700 reached in March. At the time of writing, BTC was trading at $71,640. This represents a retracement of 1.2% over the past 24 hours. Featured image from DALL-E, chart from TradingView.com

Solana trimmed gains and traded below the $175 support zone. SOL price is now approaching the $165 support and might bounce back in the near term. SOL price started a fresh decline after it struggled near the $185 zone against the US Dollar. The price is now trading below $172 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a decent upward movement if it stays above the $165 and $162 support levels. Solana Price Holds Support Solana price struggled to clear the $185 resistance and started a fresh decline like Bitcoin and Ethereum. There was a drop below the $180 and $175 support levels. The bears even pushed the price below $172 and tested the $165 support zone. A low was formed at $165 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $183 swing high to the $165 low. Solana is now trading below $172 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $170 level. The next major resistance is near the $172 level. There is also a key bearish trend line forming with resistance at $172 on the hourly chart of the SOL/USD pair. The main resistance could be $175 or the 50% Fib retracement level of the downward move from the $183 swing high to the $165 low. A successful close above the $175 resistance level could set the pace for another steady increase. The next key resistance is $182. Any more gains might send the price toward the $185 level. More Losses in SOL? If SOL fails to rise above the $170 resistance, it could continue to move down. Initial support on the downside is near the $165 level. The first major support is near the $162 level. A break below the $162 level might send the price toward the $150 zone. If there is a close below the $150 support, the price could decline toward the $135 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $165 and $162. Major Resistance Levels – $170 and $172.

The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains. According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30. This recent spike has pushed TRON to the top position for transaction processing in October, surpassing other major altcoin networks and highlighting its relevance in the current crypto market. Deciphering TRON’s Transaction Dominance Data shared by maartuun reveals that in October alone, TRON processed approximately 230 million transactions, marking a significant activity surge. On October 24, the network peaked, handling 10.46 million transactions, around 25% higher than its 30-day average. This activity level reflects TRON’s increased usage, aligning with its performance in 2024, when it frequently led in transaction volume. However, between late August and early October, TRON’s transaction dominance slightly waned, with other networks experiencing temporary spikes in activity. TRON’s return to the forefront suggests the asset is reclaiming its crown and maintaining its status as a “highly utilized” blockchain network for altcoin transactions. The CryptoQuant analyst’s observations suggest that TRON’s current dominance in transaction volume is likely to persist. This trend is supported by historical data, showing that TRON has maintained strong transaction levels over extended periods. It is worth noting that the network’s current transaction share indicates a broader shift within the blockchain industry toward networks that offer scalability and low fees, essential factors for sustaining high transaction rates. TRON’s ability to handle many transactions daily sets it apart from many other altcoin platforms, adding to its appeal and supporting its adoption within various blockchain-based applications and projects. TRON Market Performance While TRON’s on-chain fundamentals appear to be doing well, the network’s native token (TRX) market price performance can also be said to have seen positive movements in recent weeks. Particularly following the ubiquitous price increase in the crypto market led by Bitcoin, TRX has followed the overall bullish trend, increasing by 5.6% in the past fortnight and 3.1% in the past week. However, the asset’s price performance in the past day isn’t all that positive. Over this period, TRX has faced a slight correction, falling from its 24-hour high of $0.1705 to a price of $0.1684 at the time of writing. While TRX’s price has seen an uptick, its daily trading volume seems to be recording an opposite trend. In the past few days, this metric has decreased from over $600 million seen last weekend to below $500 million. Featured image created with DALL-E, Chart from TradingView