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  • Bitcoin climbs to $111K as a pardon for Binance’s ‘CZ’ fuels a broad crypto rally

    Bitcoin climbs to $111K as a pardon for Binance’s ‘CZ’ fuels a broad crypto rally

    Bitcoin climbs to $111K as a pardon for Binance's 'CZ' fuels a broad crypto rally

    • The crypto market is rallying, with Bitcoin climbing 2.7 percent to over $110,700.
    • The rally was fueled by a presidential pardon for the Binance founder “CZ.”
    • The pardon for Changpeng Zhao sent the price of BNB soaring by over 5 percent.

    The cryptocurrency market was firmly in rally mode on Thursday, with Bitcoin climbing back toward $111,000 in a powerful rebound that was fueled by sizable gains in the US stock market and a stunning presidential pardon for the founder of the crypto exchange Binance, Changpeng “CZ” Zhao.

    The broad-based rally marks another day of sharp, back-and-forth price action in a market that has been defined by extreme volatility in recent weeks.

    A presidential pardon sparks a relief rally

    The primary catalyst for the market’s improved tone was the unexpected news of President Trump’s pardon for the Binance founder.

    The move, which suggests a continuing friendly regulatory environment for the crypto industry in the US, had an immediate and powerful impact.

    The price of BNB, the native token of the Binance ecosystem, surged by more than 5 percent on the news.

    The positive sentiment spread across the broader crypto sector, with Bitcoin rising 2.7 percent over the past 24 hours to $110,700, and other major tokens like Ether, DOGE, and ADA all posting gains in the 2 to 3 percent range.

    Crypto-related stocks, which had suffered heavy losses in Wednesday’s sell-off, also bounced back strongly, with the Bitcoin miner Hut 8 climbing 7.3 percent after tumbling 17 percent in the previous session.

    A classic whipsaw pattern continues

    The powerful rebound comes just one day after a sharp decline that had pushed Bitcoin’s price below $107,000.

    That drop, in turn, had followed a steep rise on Tuesday that had seen the leading cryptocurrency climb as high as $114,000.

    This volatile, back-and-forth action is a classic whipsaw pattern, a market condition that often punishes traders who try to chase the trend.

    All eyes on a pivotal inflation report

    With the pardon now digested, the market’s focus is turning to the next major potential catalyst: the US government’s September Consumer Price Index (CPI) report, which is still set to be released on Friday morning despite the ongoing government shutdown.

    This will likely be the last piece of important economic data that the Federal Reserve will see before its crucial rate-setting meeting next week.

    The market is currently in full expectation of a 25-basis-point cut at that meeting, with another quarter-point reduction priced in for the final meeting of the year in December.

    The CPI report will be the final and most important test of that conviction.

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  • Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern

    Kaspa price climbs 10% on Layer 2 rollout, forms double-bottom pattern

    Kaspa Price Bullish

    • KAS price is up 10% in 24 hours as Kaspa mirrors other altcoins’ gains.
    • The cryptocurrency is also surging after seeing a double-bottom bounce with support near $0.05.
    • Bulls could breach resistance around $0.12 and target the $0.18-$0.20 supply zone.

    The Kaspa price has surged by 10% in the past 24 hours, reaching an intraday high of $0.105.

    Notably, this has added to weekly gains of over 18% as Kaspa rides the bullish momentum, with top cryptocurrencies Ethereum, XRP, and Solana seeing notable gains.

    BNB price has jumped to near its all-time high and could eye $1,000.

    As these top altcoins eye key technical levels, Kaspa’s upward momentum is drawing significant attention. Both market dynamics and upcoming network developments suggest bulls may not be done yet.

    Why is Kaspa price up today?

    Kaspa’s price increase aligns with a robust altcoin market.

    ETH, XRP, SOL, and BNB are all climbing toward critical resistance zones or all-time highs, adding to buying pressure for small-cap cryptocurrencies.

    However, Kaspa’s rally is not solely tied to market-wide optimism.

    A key driver is the growing anticipation surrounding the Kasplex mainnet, a significant step forward for the Kaspa Network, which is renowned for its high-speed, proof-of-work blockDAG architecture.

    The Kasplex Layer 2 public testnet, dubbed Kasplex zkEVM, has officially launched, marking a pivotal milestone in Kaspa’s roadmap.

    This fully Ethereum Virtual Machine (EVM)-compatible rollup leverages Kaspa’s Layer 1 (L1) for decentralized sequencing and data availability.

    Kasplex zkEVM introduces several groundbreaking features. A full EVM equivalence allows developers to deploy Ethereum-native smart contracts with minimal adjustments.

    With bridged KAS as the native testnet token, the protocol also allows for integration with standard EVM wallets like MetaMask.

    Additionally, the testnet includes a live faucet, explorer, and expanding developer tooling, fostering an environment for building decentralized applications (dApps) and smart contracts on Kaspa.

    This development positions Kaspa as a unique proof-of-work blockchain with Layer 2 smart contract functionality.

    Its growth potential has sparked increased interest in the KAS token, contributing to its price surge.

    KAS price: technical outlook

    From a technical perspective, Kaspa’s price action is showing bullish signals. The KAS token has formed a double-bottom pattern, a classic reversal signal.

    It indicates strong support in the $0.05-$0.06 range.

     

    Kaspa price chart by TradingView 

    This bounce has propelled the price toward a key resistance level near $0.12.

    According to the price outlook on the weekly chart, a decisive breakout above this level could open the door for buyers to target the $0.18-$0.20.

    The area might prove a crucial supply zone, with the level aligning with previous highs from July and December 2024.
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  • Whales Accumulate $50 Million in $LINK as Price Climbs Higher; $GFOX Presale 98% Sold Out

    Whales Accumulate $50 Million in $LINK as Price Climbs Higher; $GFOX Presale 98% Sold Out

    $LINK’s bullish trend continues, and large-scale investors are responding accordingly. News/events related to the cryptocurrency suggest the sentiment is bullish, and market participants are optimistic about its outlook. $LINK is up by about 40% in the last 30 days, making it another profitable crypto coin like the fast-growing $GFOX. 

    Galaxy Fox ($GFOX) is nearing its retail launch, and market participants expect a major price boost at this stage. This makes now a profitable time to purchase the presale token. However, investors eyeing this profit must act fast, as $GFOX is 98% sold out. 

    Missed the Early $GFOX Train? You Can Still Get In 

    All hope isn’t lost if you miss the first six $GFOX presale stages. The other stages are still profitable entry points, but early participants gain the most. Regardless, Galaxy Fox presale is an excellent opportunity to buy the next token to blow up for cheap, for a potentially high ROI. 

    The presale is rounding up the seventh stage, with over 98% sold out. While there are three other stages left, missing this stage means you’ll buy at a higher price in the next stage. 

    Meme ICOs have been a safer commitment option over the years, provided you find the right project. Galaxy Fox has all the features of the right projects, as it boasts high profitability and safety. The crypto project passed necessary security tests, and unlike most meme projects, it has tangible utility. 

    Galaxy Fox has a stake in the GameFi sector with its P2E runner game. This implies that the GameFi sector’s growth can drive positive price action for $GFOX. This is in addition to its meme utility. The Galaxy Fox ecosystem provides passive earning opportunities for members via P2E gaming, token staking, and holding digital item collections. 

    $GFOX functionality in every top sector, particularly the web3 space, makes it susceptible to high adoption. It will increase its prominence and position it as a leading crypto coin. This is why getting a stake in its presale is essential to avoid missing out on potential huge returns. $GFOX is billed to blow up when it gets on top exchanges. Be sure to get in before then. The more the delay, the lesser the potential return. 

    Buy Galaxy Fox Presale

    Whales Stack $LINK Following Impressive 30-Day Return 

    LookonChain analysis reveals that crypto whales have stacked up about $50 million worth of Chainlink ($LINK) in the past few days. The source revealed that a large-scale investor or institution withdrew about $49.9M worth of $LINK from Binance, using 49 new wallets. This came after $LINK set a 22-month high of $19.68. While the wallet’s owner remains unverified, LookChain reveals the wallets hold around $230,000 – $3.5 million worth of LINK each. 

    Pundits believe the increasing tokenization of real-world assets is one of the major driving forces behind LINK’s bullish rally. Major platform upgrades and integration of new features like Cross-Chain Interoperability Protocol (CCIP) and Circle’s Cross-Chain Transfer Protocol also played little role in $LINK’s price improvement. The altcoin is looking good by all accounts. It recently crossed the $11 billion market capitalization value. 

    While it could not maintain the valuation, it’s still much nearer, at $10.9+ billion. This reflects $LINK’s price improvement in the last month. 

    Per Coingecko data, $LINK is up by 0.48% to $18.53, after a decline to $18.43 from $19.24 in 24 hours. The outlook looks great for the cryptocurrency, and it’s expected to set a new all-time high before the year ends. 

    As the bullish momentum continues, analysts expect the altcoin to push towards $30 in the coming weeks. $LINK could finish the year with a peak price of $70, making it one of the top crypto coins to watch out for. 

    Conclusion 

    Crypto whales are piling into $LINK’s bullish trend, and smart investors are taking advantage of the opportunity in the pre-bull market run-up. The cryptocurrency is performing extremely well, with about  40% increase in the last month. 

    $LINK hopes to break into the $20+ price zone soon, and a more impressive surge could follow. Galaxy Fox is another altcoin showing exceptional strength. The meme coin has sold 98% of its presale, as enthusiasts anticipate its predicted profit-yielding retail phase rally. Potential investors could make up to 100x profits if they join the presale now. 

    Learn more about $GFOX here:

    Visit Galaxy Fox Presale | Join the Community

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  • Bitcoin SV price prediction as it climbs 71% in 24 hours

    Bitcoin SV price prediction as it climbs 71% in 24 hours

    • BSV surged 71% in 24 hours on positive sentiment and ETF anticipation.
    • Shiba Memu (SHMU) gains traction for its AI-driven marketing and interactive dashboard.
    • Bitcoin’s outlook remains promising with expected ETF approval but demands a cautious approach.

    Bitcoin SV (BSV) has witnessed a remarkable surge, with its price climbing an astounding 71% in just 24 hours. This meteoric rise in BSV’s value has caught the attention of both crypto enthusiasts and investors.

    In this article, we’ll delve into the factors contributing to this surge and explore The Bitcoin SV price prediction. We will also touch upon an intriguing newcomer in the crypto world, Shiba Memu, currently in the midst of an exciting presale.

    Bitcoin SV soars: a 71% price surge

    In recent hours, Bitcoin SV has experienced an astonishing price surge. At the time of writing, the cryptocurrency is trading at $53.89, marking a substantial 71% increase over the past 24 hours. This surge has positioned Bitcoin SV among the top-performing assets in the crypto market.

    This remarkable price movement has drawn significant attention to BSV, raising questions about the driving forces behind this impressive surge.

    What’s behind the surge in Bitcoin SV price?

    The surge in Bitcoin SV’s price can be attributed to several factors:

    • Market Sentiment: Positive sentiment has been permeating the cryptocurrency market, primarily influenced by the anticipation of the approval of a Bitcoin Exchange Traded Fund (ETF) by the U.S. Securities and Exchange Commission (SEC). This optimism has spilled over to altcoins like Bitcoin SV, as investors seek opportunities for growth.
    • Resurgence of Bitcoin: Bitcoin’s recent price gains have contributed to the overall bullish sentiment in the market. As Bitcoin continues to perform well, it positively influences the prices of other cryptocurrencies, including Bitcoin SV.

    Bitcoin SV price prediction

    While Bitcoin SV’s recent surge is impressive, what about Bitcoin’s future price movement?

    The cryptocurrency market is abuzz with speculation, primarily fueled by the potential approval of a Bitcoin ETF by the SEC. The sentiment has been further bolstered by the SEC’s decision not to appeal the Grayscale lawsuit.

    If the agency proceeds to approve a Bitcoin Spot ETF, it is expected to trigger a substantial wave of institutional investment in the United States. This could have a profound impact on the price of Bitcoin and other cryptocurrencies.

    The current Bitcoin SV bullish trend started on October 16 coinciding with an MA crossover. Adding to the MA crossover, the past three daily candlesticks have also formed a “Three White Soldiers,” further solidifying the bullish trend.

    The moving average convergence divergence (MACD) indicator is also signalling a Bull Run

    If the current daily candlestick closes above $54, Bitcoin SV could attempt going for $60 before the end of the week.

    However, there could be a pullback as the market tries to let off the selling pressure accumulated over the past three bullish days. If this occurs, the token could see a drop to the resistance at $40.

    It’s important to note that cryptocurrency markets are highly volatile and subject to rapid price fluctuations. While the optimism is palpable, investors should approach the market with caution, conduct their own research, and be aware of the associated risks.

    A unique meme token rises with the Bitcoin SV surge

    As Bitcoin SV and the entire crypto market rise after the fake news of a Bitcoin ETF approval by the SEC, a new AI-powered meme coin called Shiba Memu is also gaining traction in the crypto space.

    Shiba Memu (SHMU) is a unique meme token with self-sufficient marketing capabilities driven by AI technology. It is currently in the midst of a presale, which has generated significant interest. It’s important to note that this newcomer is challenging the status quo in crypto marketing.

    Shiba Memu stands out as a pioneering project in the crypto space, thanks to its cutting-edge AI technology that powers its marketing capabilities. Unlike other meme tokens that rely on human teams for marketing efforts, Shiba Memu takes a different approach. It autonomously creates marketing strategies, generates PR content, and promotes itself across various forums and social networks.

    The AI technology behind Shiba Memu generates a staggering amount of content, disseminating it through press releases and marketing materials on forums and social media platforms. The AI system also monitors and analyzes the performance of its marketing campaigns, making real-time adjustments to optimize results. Moreover, it offers users the unique opportunity to interact with a robot meme dog marketing genius through an AI-powered dashboard. This innovation has captured the imagination of investors and crypto enthusiasts alike.

    In conclusion, Bitcoin SV’s recent price surge, Shiba Memu’s innovative marketing approach, and Bitcoin’s promising outlook are capturing the attention of the cryptocurrency community. With positive market sentiment and the potential approval of a Bitcoin ETF, the crypto space continues to be a focal point for investors seeking opportunities in this dynamic and ever-evolving landscape.

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