U.S. Elections & Crypto
The U.S. presidential elections are set to be held on November 5, 2024. This event is being watched not only by politicians but also by the crypto community, as the result will affect the industry. Here you can find every milestone of how elections may affect the crypto.
Full Coverage
Chart of the week: SEI and KAIA eye potential bullish breakout
SEI and KAIA tokens extend gains on Friday as Bitcoin consolidates under $105,000. The crypto market has now absorbed a barrage of missiles and tariff uncertainties in the past two months, testing the resilience of retail and institutional traders. SEI and KAIA could extend their gains next week if altcoins survive the impact from the quadruple witching on Friday.
Ripple and XRP shock traders with whale demand, what’s next
Ripple, the cross-border payment giant hit key milestones with the SEC lawsuit settlement appeal, stablecoin partnerships and ecosystem growth. XRPLedger’s native token XRP rallied alongside, catalyzed by bullish developments. In nearly two weeks, whales boosted their XRP holdings, shocking traders.
Why Ethereum should not be ignored amidst massive institutional capital inflows
Ethereum has amassed $425 million in capital from SharpLink Gaming’s treasury allocation. The largest altcoin has attracted large volumes of institutional capital inflows to ETFs in the past week. Whales and institutions have attempted to reinstate confidence among traders, however the process has proven painfully slow.
Watch out for these crypto stocks outperforming your Bitcoin and altcoin bags
Bitcoin rallied past the $110,500 level on Monday. The largest crypto is down nearly 2% as bullish momentum slowly fades. Interestingly, US crypto-linked stocks rose alongside Bitcoin and are currently consolidating alongside the largest crypto.
Chart of the week: Solana indicators point north, bulls test $165 target
Solana rallied nearly 5% on Friday, down nearly 10% in the past week. The Ethereum competitor is likely to rally towards its $165 target, a 13% rally within the next week. While Ethereum draws the interest of institutional investors, Solana is competing through partnerships and decentralized applications on the blockchain.
Chart of the week: XRP price trend reversal likely, could lead with double-digit gains
XRP price is down 2% on the day and nearly 9% in the past seven day, extending its losing streak. Catalysts influencing the second-largest altcoin’s price trend are the legal uncertainties in the SEC’s lawsuit against Ripple and the $50 million settlement amount. Bitcoin’s consolidation has potentially led to indecisiveness among traders this week.
Bitcoin bulls are ignoring these three red flags: is a drop to $100,000 likely this week?
Bitcoin slips under key support at $108,000, gathering liquidity under the $107,000 level on Thursday. The largest cryptocurrency’s holders are not impressed by the promises from regulators, bullish commentary from the U.S. Vice President JD Vance and Senator Cynthia Lummis. BTC could sweep liquidity under the $100,000 milestone this week, or over the weekend, analysts warn traders.
Crypto millionaire exit plan, do you need one as Bitcoin eyes fresh all-time high?
Bitcoin is back above $103,000 and the largest crypto is eyeing a re-test of all-time highs above $109,588. At a time when nearly all tokens in the top 100 cryptocurrencies ranked by market cap are in the green, the market is abuzz with the debate of whether to stay or sell and go away in May?
Ethereum enters ‘rebuild era,’ Vitalik Buterin calls for cultural shift
Vitalik Buterin, co-founder of the largest altcoin, Ethereum, proposed a plan to revamp the ETH blockchain. After months of criticism and allegations faced by the Ethereum Foundation, Buterin addressed major concerns regarding the “complexity” of adding new developers to the blockchain platform.
Can the meme coins rally again? Dogecoin, Shiba Inu and Pepe dip slightly
Meme coins have been thrust in the spotlight once again as the controversial MELANIA token makes headlines once again. A Fortune report shows a group of traders that bought millions of dollars worth of MELANIA gained nearly $100 million in profits by selling the meme coin at its peak.
