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Showing posts with the label coinnews

Elon Musk Switches Twitter Logo to Doge Meme, Boosting Dogecoin

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In a recent development, tech mogul Elon Musk has altered his Twitter profile image to feature the widely recognized Doge meme, resulting in a surge in the popularity of Dogecoin. The change in Musk's profile picture led to a significant increase in the value of the meme-based cryptocurrency, as reported by Variety. Elon Musk, the founder and CEO of SpaceX and Tesla, is known for his influence on social media platforms, especially Twitter, where he has over 70 million followers. His tweets have often impacted the stock market and the cryptocurrency world. In this latest move, Musk changed his profile image to showcase the famous Shiba Inu dog from the Doge meme, which is also the face of the Dogecoin cryptocurrency. As soon as the logo was changed, Dogecoin saw a surge in its value. The cryptocurrency, which was initially created as a joke, has since gained substantial traction and has been embraced by a vast number of investors. The Dogecoin community has been known to be heavily ...

Bitcoin Faces Resistance Near $64K, Support Between $55K-$60K

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Upside momentum is slowing, which suggests a period of consolidation could persist in the short term. Bitcoin (BTC) continues to trade in a tight range, although buyers appear to be holding support above $60,000. Short-term indicators are neutral, although pullbacks could be limited given a series of price breakouts over the past month.  If buyers fail to hold $60,000, lower support around the 50-day moving average, currently near $55,000, could stabilize a pullback.  Bitcoin was trading around $61,500 at press time and is roughly flat over the past 24 hours.For now, upside momentum is slowing, which suggests a period of consolidation could persist in the short term. Eventually, indicators suggest momentum could improve to support a breakout in BTC above $65,000 based on positive historical returns in the fourth quarter.

Bitcoin drops to 73.5 million won... Ethereum 540 million won

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Bitcoin fell to 73.5 million won. Since then, Ethereum has maintained the 5.4 million won level. Since the launch of the Bitcoin Futures Exchange (ETF), most cryptocurrencies such as Bitcoin and Ethereum have declined as there have been no notable good news. On the domestic cryptocurrency exchange Upbit, as of 9:20 am on the 5th, Bitcoin is trading at 73.58 million won, down 0.30% from the previous day. Ethereum fell 0.66% to 5.41 million won. Bitcoin Cash fell 0.40% to 715,200 won, and Strike dropped 1.39% to 64,560 won. Among other altcoins, Decentraland (5.15%), eCash (4.70%), Anchor (4.03%), and Sandbox (3.08%) rose. The current market conditions of CoinMarketCap, a global coin market relay site. Provided = CoinMarketCap On CoinMarketCap, a global coin market relay site, at the same time (Korean time), Bitcoin fell 2.66% to $61,396 from 24 hours ago. Ethereum fell 1.40% to $4536. Binance was down 1.87% to $558, and Cardano was down 3.71% to $1.99. Dogecoin fell 2.57% and Shiba...

The 'Cryptocurrency Capital' Competition Is on Fire... New York City Mayor Says I Will Get My Paycheck in Bitcoin

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  Eric Adams (photo), elected mayor of New York City, said he would receive his first three months' salary in Bitcoin. According to CoinDesk on the 5th (local time), Adams-elect declared, "If I become the mayor, I will receive 100% of my salary for the first three months in Bitcoin." He then expressed his ambition to "make New York the center of the cryptocurrency industry." Considering that the monthly salary of the U.S. market is around $21,562 (about 25.57 million won), he will receive about one bitcoin in three months' salary. However, the number of bitcoins he will receive is expected to change depending on the bitcoin market price next year since taking office. Adams-elect's move is interpreted as a response to Mayor MyMay's announcement that he will receive salaries with Bitcoin. When Miami Mayor Francis Suarez, who recently won re-election, said he would receive his first salary in Bitcoin next term, Adams-elect said he would receive three mo...

"MEMBER COIN" Shibainu, 30% jump... Bitcoin and Ethereum are "Breathtaking".

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While major virtual assets (cryptocurrency) such as Bitcoin are on the rise, Shivainu, a representative meme coin, is soaring by 30%. At 8:45 a.m. on the 6th, Shibainu is recording $0.006347, up 29.90% from 24 hours ago on Coin Market Cap, a global coin market broadcasting site. Shibainu's market capitalization rose to ninth place in market capitalization with $34.8 billion. Memcoin is a compound word of "meme," which means videos or photos popular on the Internet, and coins. Shibainu is a coin made last year and is based on the motto of "Doji Coin Killer." Doji Coin, the original meme coin, was pushed to 10th place in market capitalization. At the same time, it fell 0.53% to $0.2611. I'm in the middle.