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Cardano (ADA) posted the biggest 24-hour loss among the top 10 largest cryptos with an 8% plunge amid fears the Donald Trump inauguration will be a “sell the news” event. ADA’s correction was enough to erase the altcoin’s weekly gains to trade at $0.9139 as of 7:22 a.m. EST. Bitcoin Weakness Pulls Cardano And Other Cryptos Down The pullback in the Cardano price comes as leading crypto Bitcoin (BTC) struggles to recover back above the psychological $100K mark after fresh economic data caused the crypto to spiral. Hovering around $93.6K, BTC’s lull has impacted the broader crypto market as well, with the digital asset sector’s collective market cap recording a more than 1% drop in the last 24 hours. Analysts attributed the drop in crypto prices to fears that Trump’s Jan. 20 inauguration might be a “sell the news” event. In the weeks leading up to the event, traders’ risk taking picked up across financial markets. This was ...

Donald Trump’s victory heavily impacted the world’s largest cryptocurrency, Bitcoin (BTC). Even before Trump supported the king coin, the community was sure that BTC would reach a high of $100,000. This was credited to the halving event that occurred earlier this year. Trump’s historic win and support accelerated the asset’s journey to this level. This left the community wondering how high BTC would trade after the president-elect takes office. Also Read: Bullish Prediction Puts Dogecoin’s Price at $1.48 How High Is Bitcoin Trading Right Now? Source: CoinMarketCap Bitcoin has been lingering around the $100,000 mark for a couple of days now. The king coin was traded at $100,033.73 during the time of writing. This comes after a dainty drop of over 0.60% throughout the past 24 hours. Following Trump’s win, Bitcoin managed to surge beyond the coveted $100,000 mark. The asset hit an all-time high of $103,900 during the beginning of the month. BTC is trading near...

Bitcoin could soar to $125K by the end of the year if Donald Trump wins the presidential election in November, and $75K if Kamala Harris takes the White House, Standard Chartered said Although the result of the US presidential election is important for the crypto sector, the outcome matters less than when Joe Biden was the Democratic candidate, said global head of digital assets research Geoff Kendrick in a Sept. 12 report. Regardless of who wins the election, Bitcoin will still reach a new all-time high by the end of the year, he added. SAB 121 Progress Will Continue In 2025 No Matter Who Wins Kendrick also believes that progress on the repeal of SAB 121 will continue next year “no matter who is in the White House.” He added, however, that it would take longer if Harris becomes president. SEC appears dug in on SAB 121… They simply don’t want to provide *regulated* financial institutions w/ ability to custody crypto. Apparently prefer company they all...

The number of Bitcoin millionaires skyrocketed 111% in the last year due to rising crypto prices as an analyst predicts BTC will rise to $150K by the end of 2024. According to the Crypto Wealth Report 2024 compiled by Henley and Partners, the number of Bitcoin millionaires across the globe more than doubled in the last year to 85,400 people as of July 30. A 95% In Crypto Millionaires Overall Bitcoin is not the only crypto that has created more millionaires. According to the report, there are currently 172,300 people worldwide who hold over $1 million worth of digital assets. This is around a 95% increase from the 88,200 crypto millionaires the same time last year. There has also been an increase in the number of crypto centi-millionaires, who are people that have grown a wealth of over $100 million through crypto. Following a 79% uptick, there are now 325 of these wealthy individuals.  Throughout the past year, the number of crypto billionaires rose as well, with increasing...

On-chain data shows some optimism with Bitcoin whales back in action after dumping last week. On-chain data provider Santiment explains that Bitcoin surged to a peak of $26.8K on Wednesday as significant whale and shark addresses are once more increasing their holdings. Among the 156,660 wallets holding 10 to 10,000 BTC, they’ve gathered a total of $308.6 million since August 17th. advertisement Courtesy: Santiment On the other hand, some reports suggested that Robinhood has been accumulating $3 billion worth of Bitcoin s over the last 3 months. A secret wallet has accumulated this quantity which analysts believe belongs to Robinhood. The secret wallet that bought $3,000,000,000 worth of # Bitcoin in the last 3 months belongs to Robinhood. While you panicked, they bought pic.twitter.com/pEES8e1FJf Recommended Articles Crypto Presale Projects For 2023 To Invest...