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Altcoins Take Center Stage As Bitcoin Consolidates

Author

Austin Hodge
November 27, 2024 • Read Time: 14 minutes

As Bitcoin takes a quick breather from its furious run, altcoins are just getting started and hoping to carve their own path toward unprecedented altseason glory. With market sentiment buzzing, altcoins like Cardano and Solana have broken through longstanding resistance, sparking investor optimism and rekindling memories of 2021's euphoric altcoin highs. Analysts suggest altcoins might just take center stage for a season. Could we be witnessing the start of a long-anticipated rally for these digital underdogs?

Let's dive in!

  • Altcoin market cap reclaims 2022 levels, surging on the tailwinds of Bitcoin's recent highs. - Read More

  • US politicians and industry leaders gather at North American Blockchain Summit 2024 to discuss cryptocurrency regulations and Bitcoin mining support. — Read More

  • Trump administration supports expanding CFTC's authority over digital assets, reducing SEC's control. — Read More

  • Schuman Financial debuts euro-backed stablecoin EURØP to boost digital payments and asset tokenization, following a $7.36M seed round. — Read More

  • Russian ministry requests transition period for digital ruble due to infrastructure challenges, report says. — Read More

  • Tether USDT trades at a discount in Mexico due to links with drug cartels, as criminals use it to transfer wealth across borders. — Read More

  • Justin Sun invests $30M in Trump's World Liberty Financial and tapped to serve as an adviser, rescuing sluggish WLFI token sales. — Read More

  • U.S. Treasury report shows low-income households using crypto gains to secure larger mortgages, raising financial stability concerns. — Read More

  • Crypto markets brace for Fed decision and key inflation data, as recent interest rate cuts heighten suspense. — Read More

  • MicroStrategy's stock plummeted to $353, shaving $30 billion off its market cap as Bitcoin declined 9% from its peak. — Read More

  • Ripple teams with Archax to launch a tokenized money market fund on XRPL, part of abrdn's £3.8 billion fund. — Read More

  • Brevan Howard-backed Alluvial unveils platform to ease and enhance staking for institutions as global adoption rises. — Read More

  • Following the 2024 U.S. elections, Ripple will donate another $25 million to the successful crypto super PAC Fairshake. — Read More

  • Sol Strategies appoints Anthony Pompliano as an advisor, catapulting share price up 14% amid speculation of a future Nasdaq listing. — Read More

  • Partior raises $80 million in Series B funding round with Deutsche Bank as a new investor, signaling a significant step towards global financial infrastructure transformation. — Read More

  • Morocco drafts regulatory framework to lift crypto ban since 2017, explores CBDC for modernizing financial systems. — Read More

  • Fireblocks partners with Google Cloud's Confidential Space to bolster digital asset security using Multi-Party Computation technology. — Read More

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