Gekocrypto Crypto News

Bitcoin to Break $100K in December? Explore 5 Cryptos for Your Next Major Investment! Chainlink (LINK) Price Surges to 2-Year High with More Gains in Sight Crypto Surpasses Stocks in South Korean Trading as Investors Seek Risk Exposure Donald Trump’s Crypto Czar David Sacks to Tackle Operation Choke Point 2.0 DraftKings NFT Lawsuit Dismissal Fails Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure Ethereum Gains 3.3 Million New Retail Investors: Could This Spark An Altcoin Bull Market? Ethereum to drop below $2K next? Analyst says ‘it won’t be long’ because… Franklin Templeton Brings Tokenized Money Market Fund to Arbitrum Microsoft shareholders reject proposal to add Bitcoin to balance sheet

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Bitcoin to Break $100K in December? Explore 5 Cryptos for Your Next Major Investment!

You are here: Home / News / Bitcoin to Break $100K in December? Explore 5 Cryptos for Your Next Major Investment! As Bitcoin climbs towards unprecedented highs, the cryptocurrency landscape is filled with renewed optimism. The leading digital currency is nearing a landmark achievement, sparking interest in potential investment avenues. Amid this fervor, a selection of promising cryptos is emerging, each poised to capitalize on the bullish momentum. Investors are eager to identify which assets could deliver substantial returns in this thriving market. XYZVerse (XYZ) stands out as the inaugural memecoin blending sports passion with meme culture. Uniting fans from...

27.11.2024

Chainlink (LINK) Price Surges to 2-Year High with More Gains in Sight

In the last seven days, the price of Chainlink (LINK) has climbed by 36.55%, bringing the token’s value to its highest level since January 2022. This increase coincides with a broader altcoin rally that has seen many cryptos erase a big bunch of the losses accrued over the last few months. But that is not all. Based on this analysis, LINK may not be done with the upswing, with indicators suggesting a higher value in the coming weeks. Chainlink Bearish Sentiment Is Not Entirely Bad News The recent Chainlink price rally has ensured that the altcoin now trades at $25....

07.12.2024

Crypto Surpasses Stocks in South Korean Trading as Investors Seek Risk Exposure

Following a brief martial law stint by President Yoon, South Koreans increasingly turned to cryptocurrencies over traditional stocks. Between November 5 and 28, daily crypto trading volumes averaged US$9.4 billion, surpassing the Kospi’s US$7 billion. Political instability may further influence market dynamics, with significant impact potential on heavily traded cryptocurrencies like XRP in South Korea. The chaos for financial markets following the brief declaration of martial law in South Korea was short-lived, it seems. Not only that, but it appears South Koreans are flocking to crypto. This follows surprise events on Tuesday when President Yoon Suk Yeol unexpectedly declared martial...

05.12.2024

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Bitcoin to Break $100K in December? Explore 5 Cryptos for Your Next Major Investment!

Chainlink (LINK) Price Surges to 2-Year High with More Gains in Sight

Crypto Surpasses Stocks in South Korean Trading as Investors Seek Risk Exposure

Donald Trump’s Crypto Czar David Sacks to Tackle Operation Choke Point 2.0

Donald Trump pledged to end the alleged Operation Choke Point 2.0 if re-elected. Central to this effort is David Sacks, one of the primary appointees serving as “crypto czar” in Trump’s pro-crypto push. In a recent post on X (Twitter), Sacks vowed to investigate and reverse policies seen as undermining the cryptocurrency sector. This move aligns with Trump’s commitment to ensuring fair banking practices for digital asset companies. David Sacks to Tackle Targeted Suppression against Banks Operation Choke Point 2.0 refers to an alleged US government strategy to curtail cryptocurrency activity by leveraging banking regulations. The initiative came into focus...

DraftKings NFT Lawsuit Dismissal Fails

By Mark Hunter 1 month agoThu Jul 04 2024 07:45:56 Reading Time: 2 minutes A US judge has denied DraftKings’ motion to dismiss a class action lawsuit involving its NFTs The lawsuit claims DraftKings’ NFTs are investment contracts and could be securities Judge Denise Casper ruled that the NFTs could constitute a security A US federal judge in Massachusetts has ruled against DraftKings’ attempt to dismiss a class action lawsuit initiated by purchasers of its non-fungible tokens ( NFTs ). The lawsuit contends that these NFTs are investment contracts, potentially classifying them as securities under US law. The case was...

Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure

Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend typically points to increased accumulation and could foreshadow a bullish breakout. As the broader crypto market evolves, Ethereum investors remain vigilant, anticipating a bullish reclaim that could propel prices higher. The decrease in exchange inflows could signify that traders are positioning themselves for a potential...

Ethereum Gains 3.3 Million New Retail Investors: Could This Spark An Altcoin Bull Market?

The Ethereum market has witnessed a remarkable surge in individual investors over the past two months, adding 3.3 million new addresses—a 2.77% increase, bringing the total to an impressive 125.18 million. This uptick in retail investors could well be the foundation for a retail-driven bull rally. Such an increase in demand often signals the potential for rising prices, especially for Ethereum, a prominent asset in the altcoin market. With new investors coming on board, the limited supply could lead to substantial price appreciation. The Importance of Ethereum in an Altcoin Rally Ethereum’s recent performance has lagged behind Bitcoin, with the...

Ethereum to drop below $2K next? Analyst says ‘it won’t be long’ because…

contributor ETH dropped below $3k amidst greater outflows from ETFs Some analysts are now predicting a drop below $2k for the altcoin On the back of great crypto volatility amid Bitcoin’s own instability, altcoins are getting hit. In the middle of this downtrend, ETH has suffered the most over the last 7 days after dropping below $3k on the charts. As expected, this decline has worried analysts about the possible negative impact of Spot ETFs on Ethereum since their launch two weeks ago. The sustained downside has seen various analysts predicting a further decline. For starters, the founder of Schiff...

Franklin Templeton Brings Tokenized Money Market Fund to Arbitrum

Asset management mogul Franklin Templeton has collaborated with Arbitrum Foundation to launch its Franklin OnChain US Government Money Fund (FOBXX). The collaboration signifies growing institutional interest in further integrating traditional finance (TradFi) into decentralized finance (DeFi). Franklin Templeton Expands DeFi Push with Arbitrum Tokenized Fund The launch, announced on August 8, allows investors to utilize Franklin Templeton’s blockchain-integrated recordkeeping system, Benji, for the FOBXX fund. Retail investors can access the instrument through the Benji Investments mobile app, while institutional investors have to use the Benji Institutional web portal for their transactions. FOBXX initially debuted on the Stellar in April 2021,...

Microsoft shareholders reject proposal to add Bitcoin to balance sheet

Shareholders voted against a plan to diversify 1% of Microsoft’s assets into Bitcoin, despite advocacy from Michael Saylor. Photo: All Tech Magazine Key Takeaways Microsoft shareholders rejected a proposal to add Bitcoin to its balance sheet. The proposal was declined due to concerns about Bitcoin's volatility. Microsoft shareholders voted against a proposal to explore adding Bitcoin to the company’s balance sheet during its annual meeting. The proposal, introduced by the National Center for Public Policy Research, suggested diversifying 1% of Microsoft’s $78 billion in cash and marketable securities into Bitcoin as a hedge against inflation. The company’s board had recommended...