Wealthcamp
Posts
What Will It Take To Trigger Big Moves in Bitcoin?

What Will It Take To Trigger Big Moves in Bitcoin?

Could Kamala Harris' lukewarm endorsement of crypto be the final piece needed?

Rich Webb
September 24, 2024 • Read Time: 7 minutes

US Presidential Candidate Kamala Harris has finally laid out her stance on Crypto. Her “yes, but ..” statement lacked detail but sent the KAMA memecoin higher.

However, could it be the final catalyst needed to send the whole market higher? Lots of signals are suggesting it is time for new highs, but nothing has yet has triggered a big change from the sideways action we have become accustomed to.

Let's dive in!

Kamala Harris’s recent pro-crypto stance drives a 7% spike in Memecoin KAMA’s value. — Read More
Kraken completes the acquisition of BCM to enhance its services and reach in Europe. — Read More
Trump's crypto portfolio has plummeted from $25M to $5.8M, dominated by Ethereum-based tokens. — Read More
Polymarket is exploring a $50M fundraising round and potential token launch to solidify its market presence. — Read More
PostFinance, UBS, and Sygnum join forces to explore a digital Swiss franc, aiming to modernize Switzerland’s financial system. — Read More

Looking ahead, we have the next Fed meeting and the 2024 Presidential Election in the same week.
Historically speaking, volatility rises 25% from July-November in an election year.
Combine this with another big Fed decision and we have tons of volatility on the way.
— The Kobeissi Letter (@KobeissiLetter)
12:39 PM • Sep 24, 2024

Bitcoin on the Verge of Major Recovery?

Bitcoin may be nearing a significant recovery as key on-chain metrics hit crucial support levels, according to CryptoQuant data.

Bitcoin Surges Beyond $64K Amid Fed Rate Cuts

Fed's rate cut and futures market activity push Bitcoin prices over $64K, with open interest hitting $34.9B.

Bitcoin Eyes Breakout Near 200-Day Moving Average

Bitcoin's price rise approaches a crucial market indicator, potentially signaling a bullish trend.

Bitcoin ETF Options Could Boost or Curb Market Volatility

SEC approval of Bitcoin ETF options sparks debate over potential market impact.

China Reclaims Bitcoin Mining Hub Status Post-Ban

China now controls 55% of Bitcoin's hashrate, while the US holds 40% despite China's 2021 mining ban.

China 🇨🇳 is cutting bank reserve requirements, interest rates and ramps up QE
Soon, liquidity will flood the system and crypto will soar 🚀
Prepare while you can
— Milk Road (@MilkRoadDaily)
12:14 PM • Sep 24, 2024

Ethereum Gains 15% in a Week, Eyes $3K Milestone

Ethereum gains 15% in a week, bolstering speculation about hitting $3,000 soon.

Ethereum Surges Against Bitcoin Amid Market Gloom

ETH gains 5% against BTC despite a cloud of negative sentiment.

U.S. Spot Ethereum ETFs Witness Largest Daily Outflows Since July

Grayscale’s Ethereum Trust leads a $79.21 million daily net outflow, the largest since July 29.

Analyst Predicts Possible Altseason With Key Patterns

Ali Martinez highlights bullish altcoin market cap and bearish Bitcoin dominance patterns, predicting an altseason.

Solana Price Targets New Highs Above $152

Solana price is rising and may aim for a new high above the $152 resistance zone, with major support at $142.

AVAX Approaches $30 Resistance Amid Bullish Signals

AVAX close to hitting $30 resistance, facing potential breakout or rejection.

BNB Price Targets $600 After 15% September Rally

BNB price approaches $600, attempting to surpass its critical resistance level.

Celestia Raises $100M for Modular Blockchain Ecosystem

Celestia secures $100M to enhance its scalable modular blockchain infrastructure.

Sui Network Rockets Toward New All-Time High

$SUI token nearly hits new ATH, gains 39% in a week.

21.co Adopts Chainlink Proof-of-Reserve on Solana and Ethereum

21.co integrates Chainlink's proof of reserve for enhanced transparency on Solana and Ethereum.

AI Cryptos Outperform Bitcoin While Q4 Catalysts Loom

AI-related cryptocurrencies surge, Bitcoin poised for Q4 breakout, analyst predicts.

Hamster Cash Raises Scam Flags Amid Airdrop Hype

Crypto project 'Hamster Cash' appears to be an investor trap, promising big airdrops without clear functionality.

Republicans Urge Repeal of SEC's Crypto Accounting Rule

Republican lawmakers request SEC repeal SAB 121 for digital asset custodians.

Swedish Police Label Crypto Exchanges 'Professional Money Launderers'

FIU and Swedish Police crackdown on unlicensed crypto exchanges over money laundering concerns.

Doctors Claim SBF's Neurodivergence Affected Trial Fairness

Doctors argue SBF’s autism and ADHD negatively impacted his trial, potentially skewing its outcome.

Coinbase Fights SEC in Court Over Crypto Rules

Coinbase urges federal court to compel the SEC to create new crypto regulations, facing off over regulatory clarity.

Polymarket Betters Predict No Prison Time for Ellison

Polymarket betters predict former Alameda Research CEO Caroline Ellison will avoid prison for her role in the FTX scandal.