Coinedition
BlackRock’s Bitcoin explainer video includes a disclaimer about the potential for changing Bitcoin’s 21 million supply cap. Sebastian Perez criticizes the disclaimer for undermining Bitcoin’s core principles. Bitcoin developers Adam Back and Peter Todd clarify that altering the supply cap is highly unlikely and would require community consensus.
The cryptocurrency market lost nearly $1.25 billion on Thursday. Fed chair Jerome Powell announced hawkish predictions for 2025. Analysts believe the crypto market pullback is temporary.
Revolut has added Binance Coin (BNB) to its platform, expanding its crypto offerings. Changpeng Zhao (CZ) of Binance expressed his satisfaction with the listing on X. BNB is currently trading at $640, down by 8% over the past 24 hours.
Thursday’s crypto market crash has prompted several reactions. Crypto analysts believe the pullback will not last long. Investors search for crucial buy zones amid ongoing crypto market decline.
Bitcoin printed a new all-time high at $77,252.75 on November 8. BTC RSI confirms that the price of the digital asset hasn’t reached the top. The Rainbow Chart also confirmed that BTC top is yet to arrive.
The SEC has delayed its decision to approve options trading on Ethereum ETFs on the NYSE. The delay is due to the additional time required to review the proposal and assess its market implications. The agency aims to analyze if the proposal complies with the Securities Exchange Act.
Bitcoin surged above $77K after the Fed cut interest rates to 4.50%-4.75%. The Fed chair announced a 25 basis point interest rate cut after the FOMC meeting. Jerome Powell said the rate cut had nothing to do with Donald Trump’s election victory.
Rick McCracken hints at Cardano founder Charles Hoskinson becoming Trump’s crypto advisor. IOG President Tamara Hassen backed McCracken’s statement, calling it a wise decision. The community highlights Hoskinson’s contributions to the blockchain industry.
Ripple wins XRP case, SEC appeals, but ruling that XRP isn’t a security remains intact. Global crypto rules bring clarity, while U.S. regulation relies heavily on enforcement. Trump’s crypto stance suggests possible SEC leadership changes affecting Ripple by 2024.
Analyst EGRAG identifies $1.10 as a critical support level for XRP’s powerful price surge. If XRP holds above $1.10, it could trigger an explosive uptrend with targets at $6.4 and $13. The analysis uses both logarithmic and non-logarithmic price projections for potential gains.
