Analysis Crypto by Thebittimes.Com

The Klaus price surged 23% in the last 24 hours to trade at $0.02543 as of 01:14 a.m. EST on trading volume that plunged 12% to $3.6 million. This comes even as as the meme coin market plunges, its collective market capitalization falling 15% to $61 billion, according to CoinGecko. Klaus Price To Sustain Its Bullish Trend Reversal The Klaus price has been on a sustained surge in the last two weeks, as KLAUS rose to the $0.05 resistance, which allowed the token to form a sideways pattern, according to data from GeckoTerminal . However, the bears successfully pushed the price down through a retrace below the consolidation phase, as KLAUS dropped to the $0.012 support zone. The bulls then propelled the asset through a rebound to the $0.028 resistance, forming a rounding bottom pattern. The price of Klaus now aims at capitalizing on the rounding bottom to keep pushing the price towards a rally. KLAUS now trades below the 50-day Simple Moving Average (SMA), coinciding with the curren

The end of the week saw a very important statistic come to light as Amazon has outearned Google in one key area amid AMZN’s continued gains to end the week. Indeed, the massive e-commerce company has displayed some positive performance in October’s last two weeks. The development will have Amazon challenging for increased supremacy within the information technology sector. Its stock was up 2.3% Friday, trading at the $188 mark as it looks to end the year strong, preparing for an impressive start when the calendar turns. Source: Reuters Also Read: Amazon AWS to Grow 20%? Why It Has AMZN Targeting $230 Amazon Beats Google in One Key Statistic as AMZN Looks to Surge 2024 has certainly been a positive year for several tech stocks across the board. With Nvidia (NVDA) surging almost 200% throughout that time, it has been followed by a host of stocks quick to embrace the AI demand boom. Yet, the market is still regarding companies that are taking more traditional routes. One that is looking t

Will a rising bitcoin price cure El Salvador’s indebtedness to the International Monetary Fund (IMF)? Earlier this week, Tim Draper claimed a rally to $100,000 per bitcoin would allow the country to repay its IMF loans “and never have to talk to them again.” The claim sparked a discussion about how much debt El Salvador owns — and how much bitcoin can contribute to easing its burden. With some generous math, Draper’s claim that $100,000 bitcoin would allow IMF repayment has superficial merit. Specifically, El Salvador owes 107.7 million SDRs to the IMF worth 1.35049 USD apiece. In other words, the country owes approximately $80 million to the IMF. Switching to the asset side of the country’s financials, El Salvador claims to own 5,913.76 BTC, each of which currently trades at $67,973. So if BTC were to rally $32,026 and hit Draper’s $100,000 threshold, El Salvador would gain $189 million from its holdings, which is a larger number than its $80 million of IMF debt.

Hacks in the cryptocurrency industry are nothing new. In September alone, the market witnessed hacks worth $120 million. Over half of the $120 million in cryptocurrency attacks that occurred in the month were on centralized exchanges BingX and Indodax. Amidst this, malicious activity was suspected in the US government’s wallet. Also Read: SEC Can’t Stop It: Ripple CEO Predicts Inevitable XRP ETF Approval US Government Loses Big Bucks Through Cryptocurrency Hack Data from Arkham Intelligence revealed that a cryptocurrency wallet that was probably under the authority of the US government was hacked on October 24. $20 million was taken out of the wallet. This further included money taken from the Bitfinex hack in 2016. The hacker sent the money to a wallet that started with “0x348.” The report revealed that $5.5 million in USDC and $1.25 million in the stablecoin Tether were taken from Aave. These assets were then transferred to the wallet along with $13.7 million in USDC, an interest-bea

Dogecoin (DOGE) has been in the news for its recent price and network activity uptrends. Over the past seven days, DOGE has surged by nearly 15% and 27% throughout the month. The asset has certainly grown over the years. Looking back, investing a dainty amount in DOGE a few years ago would translate to major gains. Also Read: Apple (AAPL) Stock Plummets: iPhone 16 Orders Slashed by 10M Units Dogecoin’s Growth Over The Years At press time, DOGE was trading at $0.1395 following a 2% spike in the past 24 hours. Despite its latest spikes, the OG meme coin remains 81% below its all-time high of $0.7376. Source Despite being viewed as a joke, Dogecoin has witnessed immense growth. Looking back, a small investment of $100 about five years ago in 2019 would have brought about life-changing gains for many. According to calculations, $100 would have turned into $5,400. That’s a 122% yearly return or a 5,300% total return. Also Read: Cryptocurrency: Top 3 Coins That May Hit All Time Highs In Nove

Despite its poor performance two years ago, Mark Zuckerberg’s Meta (META) is up nearly 350% since 2022, as its AI strategy has it outperforming some of the biggest titans in tech. Indeed, the company has come out ahead of behemoths like Apple (APPL) and Alphabet (GOOGL) as far as its gains in the last several years. That could be set to continue for the company, as its Q3 earnings report is nearing. It has continued to stay on the cutting edge, shifting with growing demand and pivoting with changing interests throughout the sector. The company most recently debuted its Orion augmented reality glasses, further solidifying that commitment to growth and expansion. Source – WIRED Also Read: Meta Reintroduces Key Tech Feature as Stock Nears All-Time High Meta Surging Since 2022 Low as It Looks to Continue Gaining This Year The information technology sector has been a focal point for much of the last year. With Nvidia (NVDA) emerging amid a 190% stock surge, companies are looking to embrace