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💥BREAKING: #
Ethereum
just dropped below $3,700 🚨
Volatility is spiking — the market’s heating up again. ⚡️
$ETH
ETH
3,082.49
-1.37%
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Bitcoin falls below $100,000 for the first time since late June $ETH ETH.CM= -394.30 (-10.97%) $BTC .CM= -6,749.70 (-6.33%) Bitcoin on Tuesday plunged below $100,000 for the first time in more than four months, as cryptocurrency holders backed off the risk-on asset amid growing concerns about the sustainability of stock valuations driven to stratospheric heights by the artificial intelligence trade. Bitcoin was last trading 5% lower on the day at $100,893, dipping at one point as low as $99,966. Tuesday marked the first time since June 23 that the flagship cryptocurrency traded below $100,000. Ether , the second-largest cryptocurrency by market capitalization, shed nearly 9% on Tuesday to trade at $3,275. The leading crypto currencies attract many of the same investors as artificial intelligence stocks, linking the two trades when one goes bad. The Nasdaq Composite, home to the leading AI stocks, dropped more than 1% Tuesday, with investors selling AI-linked Palantir. on concerns about its eye-watering valuation despite the data manager’s solid earnings results in its latest quarter. “Bitcoin and the broader crypto market is exhausted,” Hao nan Li, founder of Ethereum-based stablecoin platform Codex, told CNBC. “Even with stablecoin growth, rising [real-world asset] volumes, and Bitcoin increasingly behaving like an institutional store of value — the market doesn’t care. Bad news is very bad for crypto right now … and good news barely moves the needle.”#BTCDown100k
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#Stablecoins Binance CEO Bullish on India, Seeks Regulatory Clarity to Boost Crypto Market Standing. In a recent interview with CNBC at the ongoing Hong Kong Fintech Week (November 3-7), Binance CEO RichardTeng said India is an important market for cryptocurrency due to its large tech-savvy youth population. He also hoped that if the Indian government and regulators bring more clarity on regulations, it can boost India’s standing in the global cryptocurrency market. “India is a very important market…the largest demographic in the world, very tech savvy, very young population. And in every one of these countries, with a very tech-savvy population and a very young demographic, crypto adoption tends to be the fastest compared to others,” Teng said in the interview. Teng’s remarks on India’s potential to become a global crypto superpower come in the wake of Chain alysis and TRM Labs crypto adoption indices putting India at the top. He said Binance is bullish about India and is working with the regulators. “So we are bullish there [India] and we are working with the government, so we see how we can support the government there in general,” he told CNBC. According to a report in Business Standard, Binance once commanded 90% of India’s 4 billion crypto investors. However, it faced regulatory challenges, including a ban that lasted nearly seven months, due to not being registered with local regulators. The crypto exchange was initially fined $2 million, but the fine later escalated to $86 million. Binance has since reestablished itself in India. “India has always been a very important market for Binance, and the community here is a testament to what we’ve tried to achieve over the past few years,” Business Standard quoted Vishal Sacheen dran, Binance Head of Regional Markets, as saying at the Binance India Super Meetup in November 2024.
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🚨 FED CHAIR POWELL ON #BANKS & #CRYPTO 🇺🇸 “Banks are free to provide banking services to the crypto industry and are also free to conduct crypto activities,” said Fed Chair Jerome Powell. A major green light for U.S. banks to fully engage with #BTC & Digital Assets.$BTC
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💥JUST IN: #ZK sync just overtook both #Bitcoin and #Ethereum in growth! 🚀 This move shocked the entire market — and it might be just the beginning. We broke down how much higher #ZK could climb in our latest video 🎥 👉 Check the pinned comment below for the link. 👇
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Binance CEO Changpeng “CZ” Zhao has revealed that he personally purchased Astar ($ASTR ) using his own funds on @Binance, emphasizing his long-term investment philosophy.
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