Из жизни альткоинов

Скользящие средние настолько популярны при трейдинге, что на их основе появилось множество индикаторов. Большинство придуманы давно, но используются в трейдинге до сих пор, в том числе криптовалютном. Один из таких индикаторов — MACD.

Суд Северного округа Калифорнии объявил, что правовой статус децентрализованной автономной организации не защищает Lido DAO от судебных исков за нарушение законов о ценных бумагах.

Парламент Румынии принял поправки в Налоговый кодекс о временной амнистии для криптоинвесторов. Поправки должны освободить от налогообложения доходы, полученные инвестирующими в криптовалюты физическими лицами. Срок действия амнистии — до 31 июля 2025 года.

Эксперты Bernstein указали на несколько ключевых катализаторов, способных в 2025 году подтолкнуть биткоин к отметке в $200 000. По их мнению, особое влияние на крипторынок окажут новые назначения в администрации Дональда Трампа.

Майнинговая компания BIT Mining, ранее известная как 500.com, заплатит штраф в $10 млн американским регуляторам за дачу взятки японским властям в попытке построить в Японии роскошный курорт.

Несколько членов Палаты представителей Конгресса США от Демократической партии потребовали от Министерства финансов США отчитаться о мерах против криптомиксера Tornado Cash, который был внесен в санкционный список в 2022 году.

Министерство юстиции США объявило, что 42-летний россиянин Евгений Птицын был экстрадирован из Южной Кореи в США для предъявления обвинений, связанных с программой-вымогателем Phobos.

Основатель SkyBridge Capital Энтони Скарамуччи считает, что последние годы криптовалютный рынок был «в депрессии», но сейчас цифровые активы возвращаются к справедливой и честной стоимости.

Во время выступления группы Большой двадцатки (G20) на саммите, который проходит в Бразилии, президент Франции Эммануэль Макрон назвал криптовалюты и цифровые активы угрозой финансовой стабильности.

Популярный криптовалютный аналитик под псевдонимом Inmortal считает, что эфир консолидируется и готовится к обновлению исторических максимумов. Монета SOL тоже продолжит рост.

Власти города Паджу, расположенного в провинции Кёнгидо, намерены конфисковать и продать криптоактивы налоговых уклонистов. Об этом сообщило местное новостное издание Yonhap News.

Американский разработчик программного обеспечения MicroStrategy приобрел еще 51 780 BTC на сумму $4,6 млрд, что стало самой крупной покупкой биткоинов компанией.

Data shows the Bitcoin Open Interest has reached yet another all-time high (ATH), a sign that more volatility could be coming for BTC.

Bitcoin Open Interest Has Reached A Fresh High Recently

As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the BTC Open Interest has shot up recently. The “Open Interest” here refers to a metric that keeps track of the total amount of derivatives positions related to Bitcoin that are currently open on all exchanges.

When the value of this indicator goes up, it means the derivatives users are opening up fresh positions on the market. Generally, the overall leverage in the sector rises when this happens, so an increase in the Open Interest can lead to more volatility in the asset’s price.

On the other hand, the metric registering a decline suggests the investors either are closing positions of their own will or are getting liquidated by their platform. The cryptocurrency may become more stable following this trend, due to the reduced leverage.

Now, here is a chart that shows the trend in the Bitcoin Open Interest over the last few months:

As displayed in the above graph, the Bitcoin Open Interest has been following an uptrend over the last few months, but recently, the indicator’s rise has been particularly sharp.

This rapid growth in the indicator, in which it has been setting record after record, has coincided with BTC’s explosive rally to new all-time highs (ATHs). The development isn’t anything unusual, as periods of sharp price action tend to attract a lot of attention, and with such interest naturally comes speculation on exchanges.

The scale of the increase that the indicator has seen, however, could be something concerning. Historically, whenever the Open Interest has risen too high, a mass liquidation event (popularly known as a squeeze) has generally followed. In such events, a swing in the price liquidates a large amount of overleveraged positions at once, kicking off a sort of feedback cycle where the liquidations amplify the price move and cause even more liquidations.

In theory, the volatility emerging out of a squeeze can take the cryptocurrency in either direction, but in bullish periods, an overheated derivatives market usually unravels in a correction for BTC, as long positions tend to accumulate when the price rallies.

During the last few days, the Open Interest had seen a bit off a cooldown, but it seems speculators have returned to start the new week as the metric has just witnessed another leg up. It now remains to be seen how Bitcoin would develop in the coming days and if another squeeze would take place.

BTC Price

At the time of writing, Bitcoin is trading at around $90,500, up almost 10% over the last week.

The Dogecoin price correction extended throughout the weekend, teasing what might be the steady end of a powerful rally in the previous four weeks. The popular meme-based cryptocurrency dropped to a low of $0.3431, retreating from a recent high of $0.4265. This 19.55% decline has sparked speculation on social media about the sustainability of its gains and whether the momentum that fueled its rise is actually fading.

This Dogecoin price decline can be easily attributed to a decline in interest among market participants. Social media sentiment, a key driver of Dogecoin’s popularity and price movements, has shown signs of weakness. However, according to a crypto analyst, Dogecoin still has room to run, especially in terms of indicators surrounding its popularity.

Interest In DOGE Yet To Reach Its Peak

Despite its status as a large cryptocurrency, Dogecoin’s price uptick is mostly tied to social sentiment among traders and not by any demand for its utility or parent company. This reliance on sentiment creates a cyclical pattern: periods of heightened interest often lead to price surges, followed by inevitable corrections when attention begins to wane.

The latest Dogecoin rally has been caused by a widespread interest tied to the US presidential election, Donald Trump, Elon Musk, and comical associations with the Department of Government Efficiency (D.O.G.E.). Social media played a significant role in amplifying this attention as mentions of Dogecoin surged across platforms. As it stands, it is looking like the interest is starting to fade, with the Dogecoin price correction relaying this trend well. 

According to crypto analyst Ali Martinez, who highlighted this trend on social media platform X, the Dogecoin popularity hasn’t even reached its peak yet. The analyst shared a chart depicting the social media interest in Dogecoin over time. Although the recent rally has led to a peak in interest, it is yet to rival that of the interest in 2021. Keeping this in mind, Martinez highlighted that the Dogecoin price has way more room to grow this cycle.

What’s Next For Dogecoin Price?

Interestingly, the recent Dogecoin price rally and subsequent correction have led to the creation of a bull flag pattern on the 1-hour candlestick timeframe. This pattern, which is associated with a continuation of the prevailing trend, indicates that the Dogecoin price is about to break to the upside and continue its rally. Now, all that needs to happen is for the Dogecoin price to close above $0.40, which could solidify the breakout from the bull flag. Ali Martinez highlights a price target of $0.85 in this case.

At the time of writing, the Dogecoin price is trading at 0.3691, meaning it has increased by about 7.6% since it reached the $0.343 low. The resumption of social interest towards the 2021 levels would effectively trigger another leg up in the Dogecoin price.

Cardano founder Charles Hoskinson has revealed that efforts to establish a comprehensive regulatory framework for cryptocurrencies in the United States are gaining significant momentum. In a “Surprise AMA” session on November 17, Hoskinson detailed his recent engagements with US senators and key figures in the crypto industry, outlining a multifaceted strategy to position the US as a global leader in the crypto space.

Cardano Founder Reveals His Plan

Hoskinson stated that he has been “talking with a lot of different senators and definitely engaging with the right people,” indicating that the next “60 to 90 days” will be crucial in seeing how these efforts come together. He mentioned the possibility of traveling to Washington, D.C., in the coming week, depending on scheduling and the availability of other stakeholders. “I already have some embedded people that have been in pretty deep conversations,” he added, emphasizing the depth of his team’s involvement in ongoing discussions.

He outlined a comprehensive plan involving three key avenues: administrative changes and rulemaking, executive orders, and lawmaking. “What can be done through administrative changes and rulemaking,” he said, noting these are the “easiest but very ephemeral.” Recognizing the temporary nature of executive orders, he stated that they “live and die by the administration.”

Lawmaking, described as “the hardest but most permanent,” is essential for creating lasting impact. “The hope is to figure out a consolidated package of the three to make America the best place in the world for crypto companies,” he explained. “So we can get them all to come here in the United States, and we can create a multi-trillion-dollar cryptocurrency industry onshore.”

The Cardano founder highlighted several critical areas that need addressing, including taxation, custody standards, consumer protection, and asset classification. He stressed the necessity of a “Bill of Rights for crypto,” advocating for the support and defense of non-custodial wallets. “Making sure that we can use crypto the way we want to use crypto,” he said, is essential for the industry’s growth.

Addressing regulatory overreach, Hoskinson called for resolving issues with the Securities and Exchange Commission (SEC). “So we can get the SEC out of this insanity that we’ve seen the last few years and the regulation through enforcement to come to an end,” he asserted.

In a move toward industry unity, Hoskinson has reached out to other crypto leaders. “I had a wonderful phone call with Brad [Garlinghouse] from the Ripple community,” he revealed. “He’s a good CEO. He’s a good guy too. I’ve known him for years, and it feels good to be back on the same team.”

He is also in the process of connecting with Leemon Baird, co-founder and Chief Scientist of Hedera Hashgraph. “We’re right now in the process of getting a call set up,” the Cardano chief said. “We’ve been going back and forth, and secretaries are working with each other.” He emphasized, “It’s time we come together, speak with one voice, and we get policy where it needs to be so crypto can get to the next level.”

Hoskinson expressed confidence in the current political climate. “The House, the Senate, and the presidency are all unified in wanting to get crypto policy passed that cleans up this mess,” he noted. With elections concluded, he believes there’s an opportunity for decisive action. “Whether you like them or not, they’ve got to lead, and they’ve got to get stuff done.” He has set an ambitious timeline: “In the next nine months, we’ve got to get a law passed, and we’ve got to figure out how to make that happen.”

To achieve these goals, Hoskinson called for comprehensive data gathering from US crypto businesses. “All the American crypto businesses need to get a survey and need to actually write down who they are, what they do, who their customers are, how they make their money, and most importantly, what’s been going on with the US government and them,” he explained. This information would feed into a unified effort to influence policy. “That can be used to get the policy changes, the executive orders, and also the laws to get the industry where it needs to go,” he said.

The Cardano founder also emphasized aligning US regulations with international standards. He mentioned looking at frameworks from the Monetary Authority of Singapore (MAS), regulators in Abu Dhabi and Dubai, and Switzerland’s FINMA. “We can say, ‘Okay, well, this is what they do, and this is what we’re going to do post-law and post-changes, and guess what? We’re going to be number one. That’s the goal,'” he declared.

Concluding his remarks, Hoskinson expressed optimism about the industry’s potential. “That will bring trillions of dollars into the industry, get us to the next level [of] innovation,” he said.

At press time, Cardano traded at $0.725.

MicroStrategy’s Michael Saylor is known for his unorthodox and bold investing style, which often attracts criticism. His Bitcoin focused strategy and buying the top digital asset at near-highs have their fair share of critics. But recent developments tell us that Bitcoin’s bullish sentiment has been right after all, well, at least for today.

According to Bloomberg, MicroStrategy’s current stash of $26 billion in BTC is now bigger than Nike and IBM’s cash holdings. Only a few top companies, led by Apple and Alphabet, hold more assets in their treasuries.

The $26 billion in Bitcoin is a significant milestone for MicroStrategy, which adopted an aggressive Bitcoin-focused strategy under Michael Saylor, and for the crypto industry in general.

MicroStrategy’s Bitcoin-First Policy

Saylor, MicroStrategy’s co-founder and chairman, started to invest in Bitcoin in 2020 as an inflation hedge. During this time, the company’s revenues and growth stagnated, and Saylor decided to invest in the leading digital asset.

MicroStrategy’s $26 Billion #Bitcoin Cache Is Larger Than IBM, Nike Cash Holdingshttps://t.co/E5Q3bgDUsA

— Michael Saylor (@saylor) November 16, 2024

The company used cash from its operations to buy BTC, then shifted to using the proceeds from the sales of stocks and convertible debt sales to boost its buying power.

With most market experts lambasting Saylor for his unconventional and risky venture, the financial gamble tended to pay off, eventually catapulting MicroStrategy to the seat of the largest publicly listed entity with the most substantial holding of the crypto.

The Virginia-headquartered company now takes pride in owning the biggest BTC inventory in the cryptocurrency sector, beating other key players like Riot Platforms and Marathon Digital.

According to Bloomberg’s data, MicroStrategy’s Bitcoin holdings are comparable to Exxon Mobil’s $26.9 billion cash and marketable securities holdings and Intel’s $26.6 billion, and they approximate General Motors’s holdings with $32.2 billion.

MicroStrategy’s Holdings Grow As BTC Price Surges

MicroStrategy is one of the top publicly traded companies significantly dependent on BTC. Since the company adopted a Bitcoin-focused investing policy, its growth and revenues are closely linked to the asset’s price.

However, Saylor’s aggressive strategy has a few detractors. Some observers have cautioned others about the risks of crypto investing, and some consider the strategy an opportunity to take advantage of the crypto’s bullish sentiment.

For MicroStrategy, the Bitcoin bet has paid off. The company’s Bitcoin holdings bought in August 2020 have already gained 2,500%, and its aggressive investing strategy is not slowing down.

MicroStrategy To Buy More BTCs

MicroStrategy plans to continue investing in Bitcoin and other crypto assets. The company has announced that it plans to expand its crypto portfolio by purchasing $42 billion in the next three years. Its plan to buy more BTC reflects the company’s bullish approach to crypto’s long-term future and as an inflation hedge.

MicroStrategy’s success has pushed other companies to increase their investments in crypto. For example, Metaplanet has integrated BTC into its portfolio, following MicroStrategy’s lead. MicroStrategy’s investing thesis has become a template for other companies looking to expand into crypto.

Featured image from Wikimedia Commons, chart from TradingView

President-elect Donald Trump is scheduled to meet with Brian Armstrong, the CEO of cryptocurrency exchange platform Coinbase, on Monday. 

According to the Wall Street Journal (WSJ), the meeting, which will be their first interaction since the presidential election on November 5th, is expected to focus on personnel appointments for Trump’s upcoming administration.

Trump’s Vision For Crypto In The US

As Trump works to finalize his cabinet and senior positions, his evolving stance on cryptocurrency has become a notable aspect of his leadership approach and key to his upcoming economic agenda, as revealed during his presidential campaign. 

Among key promises, the now 47th President of the United States expressed his intention to create a presidential advisory council dedicated to cryptocurrency during the National Bitcoin Conference in Nashville earlier this year. 

The Republican has also hinted at the possibility of firing the current chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, as he sees the move as key to a new regulatory framework for cryptocurrencies that could lead to further adoption and new investment vehicles in the country.

This has been a notable topic among investors over the past weeks, as speculation has grown that Gensler may resign in the coming days. 

Aiming For Pro-Crypto Leadership In Key Appointments

Armstrong has already made his preferences known regarding key regulatory appointments. He publicly endorsed pro-crypto Hester Peirce, a current commissioner at the SEC, as the ideal candidate to lead the SEC under Trump’s administration.

However, Trump and Armstrong’s meeting agenda could see the name of Howard Lutnick, chairman of asset manager Cantor Fitzgerald and also pro-Bitcoin, who has been floated for the position of Treasury Secretary. 

Overall, as Trump and Armstrong meet, the outcomes of their discussions could have significant implications for the regulatory landscape of cryptocurrency in the United States. 

These moves by President-elect Trump also show that he intends to keep the promises he has made over the past few months, promising to make the US the “crypto capital of the world” and taking into account the major players in the industry when making his decisions.

Featured image from BBC, chart from TradingView.com

Bitcoin has entered a brief consolidation phase after reaching new all-time highs last week, following an aggressive price surge that captured the market’s attention. The rally came on the heels of two significant events: former president Donald Trump’s victory in the U.S. election and the Federal Reserve’s decision to cut interest rates. These developments fueled optimism across markets, pushing BTC into uncharted territory.

Key data from CryptoQuant Founder Ki Young Ju provides further insight into this rally’s underlying drivers. According to Ju, retail investors are returning to the market in droves, a strong indicator that Bitcoin’s recent surge is not a short-lived event but the start of a more sustained bull run.

Historically, increased retail activity has coincided with explosive growth phases for BTC, adding weight to the narrative of further upside.

 Analysts point to robust demand and favorable macroeconomic conditions supporting continued bullish momentum. While the price may face short-term corrections, the influx of retail investors suggests a strong foundation for the next phase of this rally. Bitcoin’s resilience and rising popularity reinforce its position as a leader in the evolving financial landscape.

Bitcoin Party Has Just Started

Bitcoin has confirmed a bullish rally after breaking all-time highs multiple times over the past two weeks. This recent surge has many investors believing this is just the beginning of a larger upward movement, with some predicting that BTC could reach the $100,000 mark in the coming weeks.

The rally has been marked by strong momentum, consistently setting new price levels and demonstrating resilience despite potential market corrections.

Data from CryptoQuant CEO Ki Young Ju suggests that retail investors are starting to play a more prominent role in this rally. According to Ju, Bitcoin’s transaction volume under $100K has reached a three-year high, indicating retail participation is increasing. Retail investors have historically been a key driver of Bitcoin’s price surges, and when they enter the market, it often leads to massive gains for BTC and the broader crypto market.

This increase in retail activity could signal the start of another euphoric phase for BTC, similar to what was seen during past bull markets. As retail investors begin to show interest, the demand for BTC could surge, pushing the price higher and fueling the market’s overall bullish sentiment.

With Bitcoin breaking new highs and retail interest increasing, the stage is set for a potentially explosive run toward $100,000. If the current momentum continues, it could usher in a new growth phase for BTC, bringing fresh opportunities and further solidifying its position as the leading digital asset.

BTC Testing Crucial Supply

Bitcoin is pushing above $90,000, reaching a price of $91,777 after several days of consolidation just below its all-time high (ATH). This upward movement suggests that BTC is primed for a continuation, fueled by rising demand and an influx of retail investors entering the market.

As the price tests key supply levels near the ATH, it faces crucial support at the $87,000 mark, a significant demand level that could propel BTC toward the psychological $100,000 level. Holding this level is vital for maintaining upward momentum and confirming the bullish outlook.

If BTC loses support at $87,000, it risks prolonging the current consolidation phase or even triggering a correction to lower demand levels, potentially halting further price advances.

The coming days will be critical as the market evaluates BTC’s ability to hold above this key level. A break above $95,000 and a push toward $100,000 could materialize if successful, solidifying the bullish trend. However, failure to maintain support could lead to heightened volatility and a deeper retrace, creating uncertainty for investors watching the market closely.

Featured image from Dall-E, chart from TradingView

Dogecoin’s recent significant price surge may have slowed down, leading to a brief price pullback after hitting the $0.42 level. However, the dog-themed meme coin’s rally could only be the beginning, as several crypto analysts predict a possible upswing to new all-time highs, particularly the $1 milestone.

$1 Milestone Still Within Reach For Dogecoin?

In a comparative analysis, Master Kenobi, a market expert, reiterated his forecast for Dogecoin to unprecedented heights, expressing his confidence that the $1 milestone is within reach. This prediction is part of a broader outlook that the meme coin could hit this pivotal level in the ongoing cycle based on past cycle trends.

Prior to the $1 milestone, Kenobi highlighted that once prices begin to move toward a new level again, the current all-time high at $0.7, a zone that corresponds with a market valuation of almost $100 billion, would probably be the first stop for DOGE. The expert further noted that these two levels are crucial and psychological areas that reduce the likelihood of strong rejection.

While the all-time high can result in a rejection and period of consolidation when considered alone, DOGE hitting the $100 billion market cap in the ATH region would be a “mega free advertising” for the meme coin, which could bolster more price growth.

As for the $1 level, Kenobi contends that the milestone is even more important and is “not far off.” Since the inception of DOGE, there have been expectations of the range, and the expert claims that the excitement the development would create once DOGE hit the level could challenge Bitcoin‘s moment to $10,000 in November 2017.

However, in the event that the market surges in the upcoming days, he is confident that Dogecoin might surpass $1 by December 1, pointing out November 29 as a crucial day to keep an eye on. “Momentum could even push it higher, but I wouldn’t expect it to exceed $1.2–$1.3 before facing a more substantial pullback,” he added.

Two Scenarios That Could Play Out Next

Citing historical trends and indicators, Kenobi has underscored two key scenarios for investors to look out for as they navigate DOGE’s current price action. These include a brief stagnation followed by a smaller pump and a longer stagnation followed by a strong pump.

According to the analyst, the previous cycle had a period of stagnation at the intersection with the blue trendline indicated in his chart. Meanwhile, it appears that negotiations in this zone have gone more smoothly in the ongoing cycle.

Furthermore, at the intersection with the green trendline in the previous cycle, there was a period of stagnation, which lasted for nearly a month. When this occurred, Kenobi stated that the meme coin quickly rose after the green line was broken up, reaching the orange line within 10 days. Although the expert is uncertain of the duration of the consolidation phase this time, he is confident that it won’t last up to 1 month.

Банковская корпорация Goldman Sachs заявила о намерении выделить в самостоятельную дочернюю компанию подразделение, изучающее токенизацию цифровых активов. Это позволит упростить процедуры создания, торговли и расчетов инструментами традиционного фондового рынка с использованием технологий блокчейна, объяснили в Goldman Sachs.