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news-imageOctober 7, 2024

Shiba Inu (SHIB) Hiding Enormous Potential, XRP Could Be Back, but There's Catch, Vital Bitcoin (BTC) Moving Averages Cross Coming

With indications of a potential recovery on its price chart, Shiba Inu is subtly setting itself up for a breakout. Now that SHIB is above its 200-day exponential moving average, which is frequently a crucial indicator for a change in market sentiment, it has emerged from a difficult period of consolidation and declining pressure.
Publisher: UToday
Sentiment: Positive
BTC
SHIB

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Negative
cover-imageBitcoin
October 7, 2024

IMF Urges El Salvador to Tighten Bitcoin Law and Strengthen Oversight

The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability.

Positive
cover-imageBenzinga
October 7, 2024

Shiba Inu's Shytoshi Kusama Calls This Nation 'Crypto Capital' After It Makes Digital Asset Transactions Tax Free

Shytoshi Kusama, the mysterious lead developer at the helm of the Shiba Inu (CRYPTO: SHIB) ecosystem, praised the UAE administration for exempting cryptocurrency transactions from value-added tax (VAT). What happened: In an X post on Sunday, Kusama responded to news of the exemption with a GIF of Vegeta, a character in the popular anime series Dragon Ball.

Negative
cover-imageThe Currency Analytics
October 6, 2024

Bitcoin Fear & Greed Index Signals Fear: A Closer Look

The cryptocurrency market is witnessing a tense tug-of-war between bullish and bearish sentiment as the Bitcoin Fear & Greed Index recently fell into the “fear” zone. On Friday, the index registered a score of 37, according to data from Crypto Quant, indicating a heightened sense of caution among investors.

Positive
cover-imageThe Currency Analytics
October 6, 2024

Bitcoin Hits $62K as BlackRock Bets on BTC Amid US Dollar Decline

Bitcoin continues to make headlines, surging to $62,000, as financial giant BlackRock positions the cryptocurrency as a hedge against the weakening U.S. dollar. This latest move comes after a 2.20% price increase on Friday, pushing Bitcoin to levels that have reignited interest from investors and analysts alike.

Negative
cover-imageThe Currency Analytics
October 6, 2024

Max Keiser Dismisses XRP Rally: Never Going to Happen

Prominent Bitcoin advocate and financial commentator Max Keiser recently declared that the prospects of a rally for XRP, the digital currency linked to Ripple, are virtually nonexistent. This bold assertion adds to the ongoing debate surrounding the viability of various cryptocurrencies, particularly those outside of Bitcoin.

Positive
cover-imageUToday
October 6, 2024

MicroStrategy Makes Next Big Step With Bitcoin Advocate Search

MicroStrategy, a big name in software and a leader in Bitcoin adoption among companies, is making big moves to bring cryptocurrency into its business even more. The company recently announced it is looking for a manager of Bitcoin Advocacy and this role is all about boosting its Bitcoin development and advocacy initiatives.

Positive
cover-imageThe Currency Analytics
October 6, 2024

XRP Follows 2017 Fractal: Analysts Predict Price Target Exceeding $16

XRP has recently caught the attention of market analysts, particularly due to its intriguing price patterns reminiscent of its spectacular rise in 2017. Notable market analyst Lud has shared a fractal-based analysis that suggests XRP may follow a similar trajectory in 2024, potentially pushing its price above $16.

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