Crypto trading/market thread

[searcher]

RE: post 959
Here's the extra vid from 60 Minutes Overtime about the crypto voters. Both vids are worth your time.......imo.

Who were the 2024 election's "crypto voters"?​

Dec 8, 2024
A leading cryptocurrency executive told 60 Minutes crypto's success was not just because of the enormous amount of money the industry spent on ads. It was also because people they described as "crypto voters" turned out to cast their ballots.


5:52

 

[pmbug]

The war on crypto will be Elizabeth Warren's albatross to wear around her neck for the rest of her days.

 

[pmbug]

A slow bleed in crypto since late in the weekend accelerated into the early evening U.S. hours on Monday, leaving nearly the entirety of the sector sharply lower.
...
Over $750 million worth of leveraged derivatives positions were liquidated across all digital assets over the past day, CoinGlass data shows, the ovewhelming majority of which were bullish bets. That puts today's flush almost on par with the August 5 crash and just trailing last Thursday's wild swing when BTC plunged to $90,000 from above $100,000.

There are some signs of waning momentum on the crypto markets, including declining exchange volumes and heavy profit-taking by long-term holders, analytics firm 10x Research pointed out in a Monday morning note.

"This is likely to be only a brief consolidation phase before the bull market regains momentum," 10x Research founder Markus Thielen wrote in the report. "However, traders should now pay close attention to which positions are outperforming and which are underperforming, as the rally enters a phase where not everything will continue to rise.
...

More:

Bitcoin Price (BTC) Declines 5% to $95K; Ether Price (ETH) Down 10%.

Bitcoin was an outperformer, but still lower by 5% over the past 24 hours to just above $95,000.

www.coindesk.com

 

[Voodoo]

The alt-coins are getting whacked, any news? Or is this just the Silver to the Gold type effect.

Theta down 20%, Monero down 10%, Dero has been whacked

 

[pmbug]

Basically the previous post is representative of the news reports I have seen.

 

[pmbug]

 

[searcher]

Something to play around with it you have the time and are interested.

CoinDesk's Most Influential 2024

The 10th edition of our annual list reflects a momentous year for crypto.

www.coindesk.com

 

[foolsgold]