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Crypto Snapshot: Latest News and Trends  

By SYGNAL

📈 Market News:  

• Bitcoin ($BTC) briefly dipped below $100K, triggering $1B in liquidations. Ethereum ($ETH), XRP ($XRP), and Cardano ($ADA) saw minor declines, while Solana ($SOL) gained momentum due to pro-crypto moves in the U.S. administration. (CryptoCodex)   

💸 Money Flow & Liquidations:  

• Crypto funds saw a record $11B in inflows in November, driven by strong institutional investments in leveraged ETFs. (CNBC)   

🗣️ Crypto Influencers:  

• Elon Musk is rumored to influence the U.S. government’s consideration of a Bitcoin ($BTC) reserve, boosting market optimism. (Forbes)   

🌐 Adoption and Usage:  

• Optimism grows around U.S. policies, including a national Bitcoin ($BTC) reserve, crypto tax exemptions, and expanded IPOs in the crypto sector. (CNBC)   

📜 Regulatory News:  

• President-elect Donald Trump named David Sacks as AI and Crypto Czar, advocating for light-touch regulations to enhance U.S. crypto leadership. (CryptoCodex)

🛠️ Technological Updates:  

• Pudgy Penguins announced a Solana-based cryptocurrency, "Pengu," expanding its brand beyond NFTs. (Forbes)   

Crypto Snapshot: Latest News and Trends  

By SYGNAL   

📈 Market News:  

• Bitcoin ($BTC) neared $100,000 before facing profit-taking, signaling strong investor interest. Solana ($SOL) and Cardano ($ADA) surged by double digits, contributing to a global market cap of $3.5 trillion. (Forbes)

📜 Regulatory News:  

• In the U.S., speculation grows around crypto regulation as SEC leadership transitions in 2025. Meanwhile, the current SEC regime continues targeting U.S.-based crypto firms for selling unregistered securities. (CNBC)   

💸 Money Flow:  

• A U.S. post-election rally, driven by Donald Trump’s presidential victory, sees increased capital inflows into crypto, with traders betting on a regulatory relaxation benefiting Bitcoin and altcoins. (Forbes)   

🌐 Adoption and Usage:  

• BlackRock, a major U.S. investment firm, highlights Bitcoin ($BTC) as a unique diversifier in its crypto investment thesis. Bitcoin’s loose correlation with traditional risks like geopolitical turmoil positions it as a hedge in diversified portfolios, spreading risk and mitigating volatility. (Forbes)   

💼 Important Business Deals:  

• Prominent U.S.-based crypto leaders, including the Winklevoss twins and Jesse Powell, donated over $2 million in Bitcoin ($BTC) and Ethereum ($ETH) to pro-crypto campaigns. These contributions aim to influence U.S. regulatory landscapes and global market sentiment. (Forbes)   

Crypto Snapshot: Latest News and Trends  

By SYGNAL

📈 Market News:

• Bitcoin ($BTC) surged to a record $82,000, marking a 19.5% increase in the past week as the post-election market rally continues. (Forbes)
• Ethereum ($ETH) rose 28.7%, while Dogecoin ($DOGE) and Cardano ($ADA) saw gains of 50% and 70%, respectively, reflecting strong investor interest across altcoins. (Forbes)

💸 Money Flow:

• Over $2.8 billion was bet on Bitcoin topping $90,000, with open interest on Deribit reaching record levels. (CNBC)

🗣️ Crypto Influencers:

• Elon Musk and other billionaires saw significant gains, partly due to Bitcoin’s rally and increased values of crypto-related stocks like Coinbase. (Forbes)

🌐 Adoption and Usage:

• Pro-crypto candidates performed well in the recent U.S. elections, boosting market sentiment and investor confidence. (CNBC)

🔒 Security Incidents:

• An AI trading bot on Binance’s futures market malfunctioned, causing a $40 million loss in minutes, underscoring the risks of automated trading. (Forbes)

💼 Important Business Deals:

• BlackRock doubled its Bitcoin holdings as the cryptocurrency nears $100,000, reflecting growing institutional interest in crypto assets. (Forbes)

The market is finally starting to move, only a little bit left for the altcoins mode to start in full risk mode.

I advise you to do nothing, every asset in this time you will see explode at once as you see $ADA today.

SYGNAL's Current Positions

October 10, 2024

🤖 Fusion AI: Currently holds no positions.

🌊 AltcoinWave AI: Currently holds no positions.

🚀 Perennial Surge:

Long: $BTC 32.00%, $BNB 3.00%, $LTC 3.00%, $ETH 2.00%, $ADA 0.00%, $NEAR 0.00% (small fraction of a percent)