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Nov 20,2023

Crypto Week Ahead: Bitcoin-Compatible The Argentinean President Javier Milei's victory brings about a much-needed price rally

The price of Bitcoin (BTC) reached a high of $37,878.59 during the last seven days.The most popular and valuable cryptocurrency in the world, Bitcoin (BTC), broke through the $37,000 mark this morning. This increase in the value of Bitcoin followed the successful outcome of the Argentine presidential election, won by Javier Milei, who is well-known for his support of Bitcoin. Ethereum (ETH) had a significant increase as well, breaking beyond the $2,000 barrier. The boost in market interest that followed Fidelity's announcement that it intended to develop an Ethereum exchange-traded fund (ETF) was blamed for this spike in Ethereum's value.Readers should be aware that coin prices and the cryptocurrency market as a whole are very erratic before continuing. It is impossible to predict with certainty how cryptocurrencies will perform in the future. The purpose of this article is to assist investors in staying abreast of the most significant events that have already occurred, as well as some noteworthy forthcoming events and current market circumstances. Before taking any calls, investors are recommended to conduct their own research.The Weekly Prices of CryptocurrenciesThe value of the entire cryptocurrency market was $1.42 trillion. The price of ETH was roughly $2,040, and the price of BTC was approximately $37,030.The total market capitalization fell to $1.41 trillion a week later.With a total volume of $4.51 billion, DeFi accounts for 11.35 percent of the market's 24-hour volume. Stablecoins represent 87.93 percent of the 24-hour market volume with an aggregate volume of $34.94 billion. According to CoinMarketCap, the general market fear and greed index was at 74 points (out of 100), or "Greed," indicating that investors' confidence has not decreased from the previous week.The dominance of BTC was 51.41 percent at the time of writing.Bitcoin reached a high of $37,878.59 on November 16 and a low of $35,134.67 on November 15 over the last seven days.Conversely, Ethereum saw a low of $1,916.01 on November 17 and a high of $2,115.78 on November 13.Crypto Events To NoteArgentina's next president is expected to be Javier Milei, since competitor Sergio Massa conceded defeat on Sunday night, stating that "Argentines chose another path." As per Bloomberg, with almost 87% of the ballots counted, Milei holds 56% of the vote, while Massa is in second place with 44%. This political change prompted a reaction from the cryptocurrency market, with bitcoin (BTC) seeing a significant spike late on Sunday afternoon amid rumours of Milei's outstanding performance.In the 24 hours that have passed since Massa's concession, the value of Bitcoin has increased by over 3% to $37,350. Milei announced his opinions on the central bank earlier this year, saying, "We have to understand that the central bank is a scam." In response to a question concerning Bitcoin, he underlined its importance as a symbol of giving money back to the private sector, where it originated. Milei has not specifically suggested making Bitcoin legal cash at this time, even though he has called for the dismantling of Argentina's central bank and the dollarization of an economy that was facing an astounding 142 percent inflation rate in October.In addition, there has been an unusual increase in the price of Ethereum. Financial behemoth Fidelity announced in a filing on Friday that it plans to introduce an exchange-traded fund (ETF) that will track Ethereum's ether (ETH), following in the footsteps of rival BlackRock to increase its presence in the cryptocurrency market.There are plans to list the proposed Fidelity Ethereum Fund on an exchange connected to Cboe Global Markets. The intentions for this possible product are revealed in the file, which was made public by Cboe Global Markets. However, the U.S. Securities and Exchange Commission (SEC), which must approve these investment vehicles, will ultimately determine the fate of ether ETFs, including Fidelity's and others like BlackRock's. Earlier this month, BlackRock unveiled its own proposal for an exchange-traded fund (ETF), stoking more interest in bitcoin investing potential.Last but not least, there is some bad news: the US Securities and Exchange Commission (SEC) has revealed that the approval of spot Bitcoin ETF applications from Global X and Franklin Templeton has been delayed. Due to the delays, the SEC has extended the deadlines for Franklin Templeton, which is today, and Global X, which is November 21. The new deadlines will take effect in early 2024.The decision-making process's delay was somewhat expected, given the low expectations for this week's spot Bitcoin ETF approvals. At $36,450, the current trading value of Bitcoin (BTC) indicates a little gain for the day.
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Oct 21,2023

Ethereum, Bitcoin, and Other Popular Coins Drop in Value

October 19 cryptocurrency price overview: The value of the world market fell to $1.08 trillion.Despite reds taking over the price charts, the oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to hold above the $28,000 threshold early on Thursday. Well-known cryptocurrencies, including as Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Ethereum (ETH), consistently performed poorly. With a rise of more than 5% in a single day, the Bitcoin SV (BSV) token emerged as the top performer of the group. Conversely, Conflux (CFX) turned into the largest loser, falling more than 7% in a single day.The value of the entire cryptocurrency market was $1.08 trillion at the time of writing, a 1% decrease in a day.Bitcoin Price TodayAccording to CoinMarketCap, the price of bitcoin was $28,247.34, down 0.98 percent in a day. As to the Indian exchange WazirX, the current value of Bitcoin was Rs 24.52 lakh.Ethereum Price TodayAt the time of writing, the price of ETH was $1,548.86, a decrease of 1.20 percent over the previous 24 hours. Ethereum's price in India was Rs 1.35 lakh, according to WazirX.Dogecoin Price TodayDOGE, which is presently trading at $0.05822, saw a 1.22 percent 24-hour loss, according to CoinMarketCap data. Dogecoin was priced at Rs 5.11 in India, according to WazirX.Litecoin Price TodayLitecoin lost 2.76 percent of its value in a day. As of writing, its trade price was $60.45. In India, the cost of LTC was Rs 5,305.Ripple Price TodayThe price of XRP was $0.4837 after falling 1.42 percent in a day. WazirX said that the price of Ripple was Rs 41.99.Solana Price TodayThe price of Solana was $23.48, down 2.15 percent in a day. The price of SOL in India was Rs 2,036 according to WazirX. 
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Oct 19,2023

As the Fidelity ETF Amendment Spurs Bullish Sentiment, Bitcoin Approaches $29K

On Wednesday, Bitcoin surged to a two-month peak when Fidelity became one of the companies modifying their spot bitcoin ETF filings.The changes might suggest that there is open dialogue between the companies and the authorities.As optimistic optimism was stoked by changes to a spot bitcoin ETF filing in the United States, bitcoin (BTC) surged to a high of $28,817 earlier today.The biggest coin gained 2.8% over the last day to hit a two-month high and top gains among significant tokens. The increase brought the weekly increase to nearly 7%.The massive asset management company Fidelity submitted an amendment to the U.S. Securities and Exchange Commission (SEC) late on Tuesday regarding its proposed spot bitcoin ETF, the Wise Origin Bitcoin Trust. The amendment outlines, among other things, how the company will protect customers' bitcoin in custody accounts and disclose risks associated with the unstable regulatory landscape surrounding cryptocurrencies.Ark Invest and Invesco, who both just modified their spot bitcoin ETF filings, are two companies that Fidelity follows. On October 11, Invesco refiled, and a day later, Ark Invest did the same. According to market observers, these events are probably an indication of continuing talks between potential ETF providers and the SEC, which is boosting traders' optimism.Additional evidence that prospective spot Bitcoin ETF issuers are in contact with the SEC about the modifications or adjustments needed in order for the SEC to consider approving Research analyst James Seyffart of Bloomberg Intelligence wrote a post on X today. When the clearance is granted, as some companies anticipate, it will add at least $1 trillion to the current $1.1 trillion market value.BlackRock CEO Larry Fink said that earlier this week's rumours of a spot bitcoin ETF being approved caused the price of bitcoin to rise by over 10% and demonstrated the "pent up" investor enthusiasm in the cryptocurrency sector. Even after it was established that the rumour was untrue, prices rose.Meanwhile, citing rising volumes, some analysts predict that bitcoin will reach $29,400 in the next days.
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Oct 16,2023

Ethereum, Bitcoin, and Other Popular Coins Drop in Value

Quick analysis of cryptocurrency prices on October 11: The value of the world market fell to $1.05 trillion.The most valuable and established cryptocurrency in the world, Bitcoin (BTC), fell below $28,000 early on Wednesday while other well-known cryptocurrencies, such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC), all saw losses. Investor caution seems to be holding steady as the bloodshed between Israel and Hamas reaches an unprecedented level. With a roughly 7 percent 24-hour decline, Tezos (XTZ), the largest gainer yesterday, is also the biggest loser today. Render (RNDR) saw the largest gain, rising more over 3% in a single day.The market capitalization of all cryptocurrencies worldwide was $1.05 trillion at the time of writing, a 1.64 percent decrease in a day.Bitcoin Price TodayAccording to CoinMarketCap, the price of bitcoin was $27,030.20, representing a 2.21 percent decrease over the course of a day. As to the Indian exchange WazirX, the current value of Bitcoin was Rs 23.66 lakh.Ethereum Price TodayAt the time of writing, the price of ETH was $1,558.27, a decrease of 1.72 percent over the previous 24 hours. Ethereum's price in India was Rs 1.37 lakh, according to WazirX.Dogecoin Price TodayAs of right now, DOGE is trading at $0.05889. CoinMarketCap statistics shows that it lost 0.18 percent of its value in a day. The price of Dogecoin in India was Rs 5.14, according to WazirX.Litecoin Price TodayLitecoin lost 0.67 percent of its value in a day. When I wrote this, its trading price was $62.89. The cost of LTC was Rs 5,366.54 in India.Ripple Price TodayThe price of XRP was $0.4912 after falling 1.91 percent in a day. The price of ripple was Rs 42.57, according to WazirX.Solana Price TodayThe price of Solana was $22.06, down 0.53 percent in a day. The price of SOL in India was Rs 1,910.03, according to WazirX. 
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Oct 05,2023

PEPE is the biggest loser when Bitcoin Falls Below $28,000

Quick analysis of the cryptocurrency pricing on October 3: The value of the entire market fell to $1.09 trillion.The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), fell under the $28,000 threshold early on Tuesday. All of the well-known altcoins, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC), fell in value. With a gain of almost 14 percent in just one day, Bitcoin SV (BSV) went on to become the greatest winner. Memecoin PEPE, which experienced a 24-hour decline of approximately 8%, emerged as the largest loser. At the time of writing, the market cap of all cryptocurrencies was $1.09 trillion, representing a 1.81 percent decrease over the previous 24 hours.Bitcoin Price TodayAccording to CoinMarketCap, the price of one bitcoin was $27,592.38, down 1.84 percent over the previous 24 hours. Bitcoin was trading at Rs 23.33 lakh, according to Indian market WazirX.Ethereum Price TodayAt the time of writing, the price of ETH was $1,666.10, a loss of 3.68 percent over the previous 24 hours. According to WazirX, the price of ethereum in India was Rs. 1.43 lakh.Dogecoin Price TodayAccording to data from CoinMarketCap, the 24-hour price of DOGE, which is presently trading at $0.06217, fell by 2.17 percent. Dogecoin's pricing in India was Rs 5.30, according to WazirX.Litecoin Price TodayLitecoin lost 2.48 percent over the course of a day. It was currently trading at $66.17 at the time of writing. The price of LTC in India was Rs 5,605.01.Ripple Price TodayThe price of XRP was $0.5138, down 2.24 percent over the previous day. The price of ripple was Rs 43.90, according to WazirX.Solana Price TodayThe price of solana was $23.67, down 1.80% over the previous 24 hours. According to WazirX, the cost of SOL in India was Rs 1,995.48. 
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Oct 01,2023

Bitcoin Cash surpasses $1,600 as Ethereum crosses it

Quick analysis of the cryptocurrency pricing on September 28: The value of the world market was $1.05 trillion.The second-most popular cryptocurrency after Bitcoin (BTC), Ethereum (ETH), was able to surpass $1,600 for the first time in more than a week. BTC, on the other hand, remained at $26,000. Other well-known cryptocurrencies, including as Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), all experienced sideways trading. With a gain of more than 6% over the course of a day, Bitcoin Cash (BCH) emerged as the top gainer. The Immutable (IMX) token lost the most money over the course of a day, falling about 4%. At the time of writing, the market capitalization of all cryptocurrencies was $1.05 trillion, up 0.32 percent in the previous day.Bitcoin Price TodayAccording to CoinMarketCap, the price of one bitcoin was $26,342.12, up 0.29 percent over the previous day. BTC's current price was Rs 22.65 lakh, according to Indian market WazirX.Ethereum Price TodayAt the time of writing, the price of ETH was $1,603.74, up 0.57 percent over the previous day. According to WazirX, the price of ethereum in India was Rs. 1.38 lakh.Dogecoin Price TodayCurrently trading at $0.06044, DOGE saw a 24-hour decline of 0.47 percent, according to data from CoinMarketCap. Dogecoin's price in India as of WazirX was Rs 5.23.Litecoin Price TodayLitecoin lost 1.01 percent throughout the course of a day. Its price at the time of writing was $63.30. The cost of LTC in India was Rs 5,400.54.Ripple Price TodayThe price of XRP was $0.4974, down 1.01 percent over the previous 24 hours. WazirX reported that the price of ripple was Rs 42.65.Solana Price TodayThe price of solana was $19.21, up 1.02 percent over the previous day. WazirX reported that the price of SOL in India was Rs 1,664.99. 
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Sep 27,2023

Top Coins Like Bitcoin, Ethereum, and Others Land In Reds

Quick analysis of the cryptocurrency pricing on September 27: The value of the world market was $1.05 trillion.The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was trading below $27,000 early on Wednesday. All of the well-known cryptocurrencies, including Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), saw losses. The Maker (MKR) token eventually emerged as the top gainer, rising more than 5% in just one day. The greatest loser was Aptos (APT), which had a drop of more than 5% over the course of a day. At the time of writing, the market capitalization of all cryptocurrencies was $1.05 trillion, down 0.46 percent over the previous day.Bitcoin Price TodayAccording to CoinMarketCap, the price of one bitcoin was $26,269.87, a drop of 0.30 percent over the previous 24 hours. WazirX, an Indian exchange, reported that the price of one bitcoin was Rs 22.49 lakh.Ethereum Price TodayAt the time of writing, the price of ETH was $1,594.92, up 0.22 percent over the previous day. According to WazirX, the price of ethereum in India was Rs. 1.36 lakh.Dogecoin Price TodayAccording to data from CoinMarketCap, the 24-hour gain for DOGE, which is presently trading at $0.06106, was 0.29 percent. Dogecoin's price in India as of WazirX was Rs 5.26.Litecoin Price TodayLitecoin lost 1.25 percent throughout the course of a day. It was currently trading at $64.01 at the time of writing. In India, LTC was priced at Rs 5,450.Ripple Price TodayThe price of XRP was $0.5022, down 0.70 percent over the previous day. The price of ripple was Rs 43.27, according to WazirX.Solana Price TodaySolana price was $19.01, down 2.29 percent over the previous 24 hours. SOL cost Rs 1,650.01 in India, according to WazirX. 
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Sep 25,2023

Over the weekend, Bitcoin remains below $27,000

Quick analysis of the cryptocurrency pricing on September 25: The value of the entire market fell to $1.04 trillion.Over the weekend, the price of Bitcoin (BTC), the oldest and most valuable cryptocurrency in the world, stayed below $27,000. Popular altcoins like Litecoin (LTC), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Ethereum (ETH) all saw sideways trading. The highest gainer, Curve DAO Token (CRV), went on to have a 24-hour increase of almost 8%. With a drop of more than 4% over the course of a day, toncoin (TONNE) emerged as the largest loser. At the time of writing, the market capitalization of all cryptocurrencies was $1.04 trillion, down 1.08 percent over the previous 24 hours.Bitcoin Price TodayAccording to CoinMarketCap, the price of one bitcoin was $26,165.51, representing a 1.57 percent 24-hour loss. BTC's current price was Rs 22.58 lakh, according to Indian exchange WazirX.Ethereum Price TodayAt the time of writing, the price of ETH was $1,578.07, representing a 24-hour loss of 0.91 percent. According to WazirX, the price of ethereum in India was Rs. 1.36 lakh.Dogecoin Price TodayCurrently trading at $0.06093, DOGE saw a 24-hour decline of 1.05 percent, according to data from CoinMarketCap. Dogecoin's price in India as of WazirX was Rs 5.27.Litecoin Price TodayThe 24-hour loss for Litecoin was 0.85%. Its price at the time of writing was $64.35. The cost of LTC was Rs 5,440.89 in India.Ripple Price TodayThe price of XRP was $0.5027, down 1.17 percent over the previous day. WazirX reported that the price of ripple was Rs 42.90.Solana Price TodaySolana's price was $19.49, down 0.41 percent over the previous 24 hours. SOL cost Rs 1,666.24 in India, according to WazirX. 
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