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Crypto Analyst Pegs Bitcoin (BTC) Bull Market Progress, Says Litecoin (LTC) Could Be Facing ‘New Resistance’

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A widely followed crypto trader says Bitcoin (BTC) has officially broken out from an accumulation range. Pseudonymous crypto analyst Rekt Capital tells their 366,900 followers on the social media platform X that BTC is now approaching the bull market’s first major resistance. “Several months later and BTC has completely broken out from its Accumulation Range This Accumulation Range [green] was calculated based on historical post-Death Cross retracement theory mentioned in the thread Now at the first major resistance area (red)” Source: Rekt Capital/X According to the analyst, BTC is now over a quarter of the way through the bull market. “Bull Market Progress: 27.1%” Source: Rekt Capital/X BTC is worth $37,055 at time of writing, up 7% in the last week. In the latest edition of the trader’s Altcoin News letter, Rekt Capital says Litecoin (LTC) is approaching a fork in the road when trading against BTC (LTC/BTC). “Last month, Litecoin on its BTC pair has l
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Genesis seeks court's approval to reduce 3AC claim from $1B to $33M

Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC. Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC). According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim against Genesis in the amount of $33 million. The amount accounts for 3.3% of $1 billion in claim s originally asserted against Genesis debtors. “Agreement provides that the 3AC debtor shall receive an allowed general unsecured claim against GGC in the amount of $33 million in full and complete satisfaction of the more than $1 billion dollars in claims asserted against each of the Genesis debtors,” the document reads. According to Genesis, 3AC’s $1 billion claim s against Genesis were the largest asserted claim s in Chapter 11 cases associated with the collapse of the
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Ripple's XRP Could Rally 900%, Reach $6.6: Predicts Analyst

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XRP, the cryptocurrency utilized by the fintech company Ripple , has had an explosive year in 2023. Since January, the token’s price has surged by over 90%. Although XRP faced a 6% correction in the daily charts, analysts anticipate the asset to generate more steam soon. Also Read: Ripple XRP May Rally 1960%, Hit $14: Predicts Analyst According to crypto researcher Tony “The Bull,” Ripple ’s XRP could enter a 900% rally. The researcher cites a pattern the token had last seen in 2017, just before one of its bull runs. According to the analyst, ‘XRP has formed the same 1M Japanese candlestick setup as late 2017, right before a 900% candle.’ Source: Tony “The Bull“ If XRP rallies 900%, its price could reach around $6.6, almost double that of its all-time high of $3.40, attained in January 2018. How much to invest to be a millionaire if Ripple’x XRP reaches $6.6? Source – Coinpedia If XRP reaches a price of $6.6, an investor would need about 151516 tokens to have a value of $
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Shiba Inu Price on Thanksgiving 2023

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Shiba Inu (SHIB) has become one of the most prominent meme-inspired cryptocurrencies since its launch in August 2020. The developers behind the decentralized token have worked to build an ecosystem of projects for the SHIB community. However, the recent launch of the layer-2 solution Shibarium failed to significantly boost prices amid the ongoing crypto bear market. With Thanksgiving approaching, here is our Shiba Inu price prediction for Thanksgiving 2023. What is Shiba Inu? A Brief History Shiba Inu is a decentralized cryptocurrency that spawned from a meme-inspired online community. The token’s mascot is a Shiba Inu dog, which led to the name. In mid-2020, an anonymous individual or group known as Ryoshi started working on Shiba Inu as an experimental decentralized community project. Ryoshi intended to take the meme coin concept behind Dogecoin and build an ecosystem around it. Also read: Ben Armstrong Sues Ex-Colleagues Over Alleged Stolen Lamborghini After launching i
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Is the crypto rally overachieving? Insights from JPMorgan

In a period that has seen many crypto currencies achieving positive results, many investors have started thinking again about this digital currency, wondering whether or not to invest. Not everyone shares an optimistic outlook on recent events, with JPMorgan analysts casting doubt on the sustainability of the current crypto market surge, suggesting that the “crypto rally appears excessive.” They pointed to two main factors driving the recent crypto rally. Firstly, anticipating a spot Bitcoin ETF approval in the U.S. could inject fresh funds into the cryptocurrency market.  The analysts, led by Nikolaos Panigirtzoglou, mentioned in their report on Wednesday, November 8, that such approval might be viewed as a win for the crypto industry and a setback for the Securities and Exchange Commission (SEC). This could result in a more lenient SEC stance in the future. However, the analysts expressed skepticism regarding both of these factors or arguments. Cryptocurrency Bitc
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Latest Market Overview 8th Nov: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, LINK, MATIC

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Bitcoin (BTC) traders want to convert the $36,000 level to support, but will failure to do this kick off a market-wide correction? Bitcoin’s rally stalled near $36,000, but the bulls have not hurried to book profits. According to Glassnode Analysis , the Long-Term Holder metric, which addresses holding Bitcoin for at least 155 days, supply is near an all-time high, while the Short-Term Holder, addresses holding coins for less than 155 days, supply is near an all-time low, indicating tightening Bitcoin supply. Although the long-term looks positive, there could be fireworks in the short term. Bitcoin derivatives markets have seen a massive build-up of open interest, rising above $16 billion at the time of writing, per CoinGlass data. J. A. Maartunn, a contributor to on-chain analytics platform CryptoQuant, highlighted on X (previously Twitter) that increases in open interest above $12.2 billion have previously resulted in a minimum dip of 20%. Daily cryptocurrency ma
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ORDI surges around 150% in one week amid Binance listing error

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ORDI (ORDI) surged 82% after the largest crypto exchange, Binance, announced its listing and mistakenly tied it to the Bitcoin Ordinals project. Over the past 24 hours, the token’s price has jumped from $7.49 to $13.66 at the time of writing. However, ORDI price is still well below its all-time high of $29.16, recorded on May 8, 2023. Since the all-time low on Sept. 11, 2023, the token has already increased by 381.95%. Source: CoinMarketCap ORDI’s market capitalization also jumped 22.5% in the recent 24 hours to $277 million. Now, according to this indicator, the token ranks 127th in the CoinMarketCap rating. At the same time, ORDI trading volumes showed stunning growth. Over 24 hours, trading volume increased by 320% to $506 million. This propelled ORDI into the top 10 cryptocurrencies by 24-hour trading volume. Binance lists ORDI Earlier Binance announced the listing of ORDI on its platform. The crypto community believed that the token belonged to the popular Ordinals p
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UNFI Whale Withdrawals 200K Tokens After It Jumps: On-Chain Data

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Spot On Chain revealed that a whale withdrew 200K tokens from Binance over the past 24 hours The withdrawal was made shortly after UNFI’s price rose more than 18% At press time, CoinMarketCap indicated that UNFI was up 19.45% and was trading hands at $11.62 The on-chain tracking platform Spot On Chain revealed in an X post published earlier today that a whale withdrew 200,000 Unifi Protocol DAO (UNFI) from Binance in the past 24 hours. According to the post, the amount of tokens withdrawn in the said transaction was collectively worth $2.29 million and were pulled out of Binance after the altcoin’s price surged more than 18%. Fresh whale 0x931 just withdrew 200K $UNFI ($2.29M) from #Binance Notably, the $UNFI price pumped 18.2% in the past 24 hours. More details: https://t.co/0kq4pwEKMR Need the beta code? Join our Discord to get one: https://t.co/ZjnMPQ8JKD Spot on Chain: Spot… pic.twitter.com/dlGK8KTIwX — Spot On Chain (@spotonchain) November 7, 2023 Sinc
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Ava Labs axes 12% of staff to redirect efforts towards expansion

Ava Labs, the team developing the Avalanche blockchain, has announced a 12% reduction in its workforce, attributing the decision to strategically reallocating its resources. The firm’s CEO and founder, Emin Gün Sirer, confirmed the layoffs on Nov. 7, following announcements by several former employees on X that they had been laid off. The move, according to Sirer, is a strategic reallocation of resources aimed at bolstering the growth of both Ava Labs and the broader Avalanche ecosystem. Today we parted ways with some of our Ava Labs team members. We are no longer a 12 person startup, but we strive to capture the speed and energy of a small, nimble team. This reduction in force affected 12% of Ava Labs, and allows us to reallocate resources to double down on the… — Emin Gün Sirer (@el33th4xor) November 7, 2023 Gün Sirer acknowledged the challenges presented by bear markets, yet he reiterated that Ava Labs is in a strong position, equipped with ample runway and resources. With a
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Aptos and Atomrigs Lab join Korean telecom for wallet creation

SK Telecom, South Korea’s leading mobile operator, has announced a new collaboration with blockchain firms Aptos and Atomrigs Lab to develop its web3 wallet service, T wallet . On Nov. 7, the Korean telecom munications company shared in a LinkedIn post that its three-way partnership is focused on strengthening connections with mainnets and decentralized applications favored by customers, with particular emphasis on the T wallet service. The T wallet is designed to provide users with the convenience of accessing blockchain-based applications directly on their mobile phones, enabling them to store various tokens securely. This development marks SK Telecom’s first venture into integrating a non-Ethereum (ETH) virtual machine blockchain, signifying a broadening of its technological horizons. You might also like: South Korea’s crypto market soars to $21.1 billion in H1 The partnership with Aptos (APT) is particularly notable as it brings the MoveVM blockchain technology into
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Binance's spot trading market share falls to 40% in 2023: Report

The exchange's share in crypto spot trading was slashed by one-third over the past year. Crypto exchange Binance's market share in spot trading has fallen to 40% in late 2023, compared to 62% a year ago. According to the November 6 report by blockchain analytics firm 0xScope, the exchange has lost one-third of its market share in the past 12 months. "Binance's spot trading volume has seen a significant decline in the past year, perhaps due to its listing strategy," researchers wrote, "Most popular coins experienced a downturn immediately after being listed on Binance." At the same time, Korean crypto exchange Upbit saw the most significant increase, with its spot market share increasing from 5% to 15.3% during the same period. When all crypto trading volumes, including both spot and derivatives, are included, Binance's market share came at 51.2% in October 2023. This was followed by OKX (13.4%), Bybit (9.6%), Bitget (7.0%), and MEXC Global (6.
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Bitrace Highlights Risks Associated With Telegram Exchange Bots

According to Bitrace, there is a high risk of user address contamination by Telegram bots. Most Telegram bots are linked to gambling, money laundering, and fraud. The Telegram coin exchange bot predominantly uses the TRC-20 USDT stablecoin. According to Bitrace, a London-based British investment company, there is a high risk of user address contamination by Telegram bots linked to gambling, money laundering, and fraud. The outfit raised the alarm over the Telegram coin exchange bot that predominantly uses the TRC-20 USDT stablecoin. Bitrace research reminds that the Telegram coin exchange robot, mostly with Trc20 USDT, has a large number of gambler addresses, money laundering addresses, stolen coin addresses and fraudulent addresses, which may contaminate the user's address. https://t.co/GHw0lr1lDI — Wu Blockchain (@WuBlockchain) November 6, 2023 A recent report reveals that users who use the Telegram bot run the risk of their addresses becoming con
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4 altcoins to buy amid heating up markets

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The cryptocurrency market is again heating up, led by Bitcoin (BTC), after the flagship digital asset reclaimed the $35,000 mark. As the short-term gains progress, there remains widespread uncertainty regarding the sustainability of the rally, with some market participants anticipating a continuation while others foresee a correction. With Bitcoin rallying, attention has also turned to altcoins and their ability to emulate the largest cryptocurrency by market capitalization. Notably, several altcoins have been rallying, presenting an opportunity for investors to capitalize on in the future. In this context, cryptocurrency trader and analyst Michaël van de Poppe, in a YouTube video on November 5, identified the following altcoins to consider buying as the markets heat up. Chainlink (LINK) Poppe pointed out the need to buy Chainlink (LINK) based on the token’s historical price movement. He emphasized that LINK historically correlates with Bitcoin, meaning the asset classes tend t
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Bitcoin May Be The Biggest Crypto, But Is This The Best?

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Bitcoin ( BTC ) has long been the most recognizable and dominant player in the cryptocurrency world. BTC started it all and has consistently maintained its position as the gold standard. As the crypto universe expands, new competitors emerge, each with a unique proposition. Among these rising stars is InQubeta (QUBE), an AI-powered cryptocurrency that reve­rberates with possibility and innovation. But can InQubeta truly reign supreme as the best in the crypto space? InQubeta has revolutionized the cryptocurrency industry with innovative­ Features , such as its deflationary mode­l. Its NFT marketplace has gained re­cognition among influential figures searching for ne­w DeFi crypto to inve­st in for substantial returns. Many crypto analysts are forecasting that InQube­ta will lead the next bull run due­ to its aim of bridging the gap between AI startups and investors. This article explores Bitcoin’s dominance and why InQubeta could claim the title of the best c
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BNB Moves Sideways And Fails At The $235 Barrier

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Nov 03, 2023 at 11:34 // Price Author Coin Idol The price of the Binance (BNB) coin has been moving higher over the past week, but a barrier above $235 has halted its growth. BNB Price Long Term Prediction: Bullish The bulls have been beaten back and the price of Binance coin faced the $235 resistance level between October 23 and November 2. This has caused the altcoin to fall and find support above the $220 breakout level. On the upside, if buyers break the barrier above $235, the crypto asset is likely to reach a high of $250. Nonetheless, BNB is currently
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Sam Bankman-Fried Faces Up To 115 Years In Jail As Justice Department Warns It Has “Handcuffs For All” Crypto Crooks

FTX founder Sam Bankman-Fried faces up to 115 years in jail after being found guilty on seven charges of fraud and conspiracy, as government prosecutor Damian Williams warned that the government has “handcuffs for all” crypto crooks. “The cryptocurrency industry might be new,” New York Southern District US Attorney Williams said outside the courthouse. “The players like Sam Bankman-Fried might be new. But this kind of fraud, this kind of corruption, is as old as time.” A jury unanimously found Bankman-Fried guilty on single counts of securities fraud, conspiracy to commit fraud, and conspiracy to commit money laundering, and on two counts each of wire fraud and conspiracy to commit wire fraud. Each charge comes with a maximum sentence of 20 years, indicating the former crypto mogul may be sentenced to up to 115 years in jail. Bankman-Fried is likely to appeal the decision. His attorney, Mark Cohen, expressed disappointment in the jury’s decision, saying his client maintained innoce
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AI vs. crypto traders: Who predicted Bitcoin price better?

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The use of Artificial Intelligence (AI) for price predictions is growing in popularity in the cryptocurrency market. With that in mind, the GNY Range Report team decided to test whether its model could make better predictions than crypto traders. GNY Range Report uses technical analysis indicators to generate price range predictions for cryptocurrencies with a machine-learning LSTM model. Results were shared on November 2 on the project’s website. For the mentioned test, the team launched a Bitcoin (BTC) price prediction competition to forecast BTC’s price closure on October 27. In this contest, crypto traders made different guesses daily from October 23 to October 25. There was a total of 206 predictions, of which 56 had a higher accuracy than the 3% observed from the artificial intelligence. This means that 56 traders predicted a price within a 3% variation from the final result. Cryptocurrency Machine learning algorithm sets ETH price for November 30, 2023
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