Crypto Roundup, 04 Dec: Crypto Craze Coincides with Indian Elections
Release: 2023/12/04 16:34 Reading: 566
Cryptocurrencies with the Best Performance in the Past 24 Hours
TOP 5 Gainers Coins
| Indices | LTP | Change (%) |
|---|---|---|
| Terra Classic | $0.000233 | 46.30% |
| ORDI | $42.30 | 32.36% |
| Terra | $1.07 | 28.12% |
| Pepe | $0.000001384 | 16.67% |
| FTX Token | $4.90 | 12.92% |
Crypto News Key Highlights:
Deaton praises MicroStrategy's Saylor for a $593.3 million Bitcoin buy, pushing holdings over $6.5 billion. With Bitcoin at $41,000, MicroStrategy's stock jumps 8%, delighting the crypto community. Deaton jokes about an invite to Saylor's "$100K party." The market reacts to Bitcoin's rise amid SEC ETF speculation. Deaton reflects on Bitcoin's journey, applauding holders during downturns, as its market cap hits $800 billion, surpassing Berkshire Hathaway's.
The recent rise in the crypto market coincides with the Indian election, mirroring global economic prospects. As India's political landscape evolves, crypto gains momentum. The market surge aligns with broader trends, reflecting growing acceptance and interest in digital assets. Economic shifts and political developments around the world continue to influence the crypto landscape, underlining the interconnectedness of global events and cryptocurrency markets.
Blur NFT marketplace's rapid rise, fueled by features like real-time data and a native token (BLUR), has overshadowed OpenSea. With an 80% market share in a recent Ethereum NFT surge, Blur has gained 100% in the last month. OpenSea, facing challenges, undergoes restructuring, anticipating an "OpenSea 2.0" transformation amidst new competitors and decreased investor confidence.
U.S. Space Force Major Jason Lowery suggests the Department of Defense (DoD) adopt Bitcoin for cybersecurity, emphasizing proof-of-work (PoW) systems' strategic importance. Market influencers like Cathie Wood see it as a significant move, noting Bitcoin's potential in defense. Crypto advocate John Deaton sees it as a bullish case for Bitcoin and PoW cryptocurrencies.
FTX and Alameda Research engage in a significant $22 million digital asset transfer, involving tokens like $IMX, $GMT, $ETH, UNI, $SHIB, $BAL, $LOOKS, and $WOO. Since October 2023, transactions totaling $551 million across 59 tokens have occurred, amid FTX's bankruptcy declaration. Liquidations aim to address liabilities exceeding $8.8 billion, leaving the crypto community awaiting resolution.
Bitcoin's surge beyond $40,000 marks a milestone, fueled by a $15 million short liquidation and optimistic SEC discussions on spot Bitcoin ETFs with Grayscale, BlackRock, and others. MicroStrategy's acquisition of 16,130 BTC adds support, while anticipation builds for Bitcoin's halving in 141 days, historically associated with significant price rallies, hinting at a transformative era.
The Terra Luna Classic community has unanimously approved an upgrade proposal (v2.3.2) to resolve the sequence mismatch issue affecting validators, addressing accounts barred from chain interaction. This marks the first proposal in months to receive 100% community support. LUNC price surges 150% in a week, reaching $0.000236, propelled by Mint Cash news and Binance's 4 billion LUNC burn.
Renowned author Robert Kiyosaki advocates Bitcoin amid geopolitical turmoil, tying the Israel-Hamas conflict to his decision to purchase an electric vehicle. He expresses concerns about the conflict's relation to oil, criticizes President Biden, and encourages investing in alternative assets like gold and silver, emphasizing Bitcoin's significance as a hedge against economic downturns. Gold prices surge amid economic uncertainties. Bitcoin hits an 18-month high of $41,525.46, showing a 144% YTD gain, while gold rises around 16%.
Also read - 24 Crypto Update, 03 Dec: Surges Amid Optimism and Regulatory Shifts
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