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DOGE price is up today as an uptick in whale activity aligns with Coinbase plans to launch futures trading for Dogecoin.
A look at Bitcoin’s fundamentals suggests Bitcoin is due for a choppy trading period over the next two months, one popular analyst says.
There needs to be more solo stakers on Ethereum today; could Rainbow Staking be the solution?
Bitcoin remains in ‘overbought territory’ despite the past week’s correction, according to JPMorgan analysts.Last month, the analysts said the bitcoin price would likely drop to around $42,000 after the upcoming halving event.
Bitcoin may witness a sharp correction, primarily due to the significant amount of leverage still in play within the market.
Bitcoin could use a deeper dip to reset "bull market sustainability," some of the latest BTC price analysis concludes.
This opinion piece was written by Frank Chaparro, Host of The Scoop Podcast and Director of Special Projects.The article was first seen in Chaparro’s The Scoop newsletter.
- 22:56The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 52.7%According to CME "Fed Watch": The probability of the Federal Reserve maintaining the current interest rate until December is 47.3%, and the cumulative probability of a 25 basis point cut is 52.7%. The probability of maintaining the current interest rate until January next year is 37.2%, with a cumulative chance of a 25 basis point cut at 51.6% and a cumulative chance of a 50 basis point cut at 11.3%.
- 21:32The supply of WBTC on Ethereum has decreased by 5,844 in one weekOn November 16, the supply of WBTC on Ethereum was 146,734. By November 24, this number had dropped to 140,890 WBTC, a decrease of 5,844. What's more interesting is that the Ethereum transaction monitor at btcparser.com marked a destruction transaction of 5,182.34 WBTC. The operator of btcparser.com said: "Such a large amount of WBTC circulating on the Ethereum chain is very rare. Interestingly, this time they seem to have been burned."
- 21:13Jupiter: The first Jupuary vote will commence on November 25, seeking a 70% approval rateOn November 24, Jupiter posted on X stating that the first Jupuary vote will commence on November 25, seeking a support rate of 70%. If this requirement is not met, the team will quickly iterate new votes until they reach the desired support rate milestone. Jupiter added that this is one of its most important votes in history and also one of the most interesting votes in DAO history.
