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Jim Cramer Points to Funding Movements from Tech Stocks and Crypto to China Jim Cramer, host of CNBC’s Mad Money, recently commented on the flow of “hot money” moving from U.S. tech stocks and cryptocurrencies into the Chinese stock market, according to a report from U.Today. Cramer highlighted that the volume of funds moving from tech stocks to China is comparable to the movement of capital from the crypto market into Chinese equities, as investors look to capitalize on the recent parabolic rise in China’s stock market. Cramer’s comments come at a time when Chinese stocks have experienced a significant…

NYDIG Says Bitcoin Still Best Performing Asset of 2024 In a recent analysis, New York Digital Investment Group (NYDIG), a leading Bitcoin financial services and infrastructure firm, highlighted Bitcoin’s performance in 2024, claiming that the cryptocurrency remains the best performing asset of the year. According to a report by The Crypto Basic, despite a modest 2.5% increase in the last quarter (Q3), Bitcoin has outpaced other major asset classes throughout the year. The report also emphasized rising exchange-traded fund (ETF) inflows and increasing corporate adoption, which are key factors supporting Bitcoin’s sustained dominance in the market. NYDIG’s analysis provides a…

Infinex Adopts Wormhole as Multi-Chain Infrastructure Provider Infinex, a new platform designed to provide a user-friendly interface for DeFi (Decentralized Finance), has announced its partnership with Wormhole (W) as its primary multi-chain infrastructure provider, according to a report by The Block. Infinex, which recently raised $65 million through an NFT sale, aims to streamline the DeFi experience by integrating multi-chain interoperability through Wormhole’s infrastructure. The collaboration between Infinex and Wormhole signifies a critical step in creating a scalable platform that allows users to easily navigate the increasingly complex multichain world. Robinson Barkley, Co-Founder of the Wormhole Foundation, emphasized that this…

The post FLOKI Holders Alert! 20% Rally Possible if This Happens appeared first on Coinpedia Fintech News The popular meme coin Floki (FLOKI) is poised for a significant upside rally but is currently facing strong resistance. After a recent price decline of over 25%, the meme coin is trying to rally, unlike major cryptocurrencies like Popcat (POPCAT), dogwifhat (WIF), and others. However, due to the strong resistance, it is struggling. FLOKI Technical Analysis and Upcoming Levels According to expert technical analysis, FLOKI is just a step away from its massive rally. It is currently facing resistance from the 200 Exponential…

The post Is Dan Gallagher the Future SEC Chair? appeared first on Coinpedia Fintech News The crypto market is buzzing with the recent speculation that Dan Gallagher, Robinhood’s Chief Legal Officer, could replace SEC Chair Gary Gensler if Donald Trump wins the 2024 presidential election. This news has caught the attention of many, especially those in the crypto and financial sectors. Gallagher’s name is gaining traction, especially among those who feel that the SEC has been heavy-handed under the current chair, Gary Gensler. A Fresh Perspective on Regulation Gallagher has served as an SEC commissioner previously and he brings a…

The post Whale Swaps Billions of PEPE for NEIRO, What’s Next? appeared first on Coinpedia Fintech News Amid the ongoing price reversal across the cryptocurrency market, whales shifted their focus to the First Neiro On Ethereum (NEIRO). On October 7, 2024, blockchain transactions tracker Spotonchain made a post on X (previously Twitter) highlighting that NEIRO’s largest holder made a big move as he purchased over 1.466 billion of NEIRO tokens worth $1.8 million. NEIRO Whale Recent Activity To accumulate this significant NEIRO, the whale has swapped over 190 billion of PEPE along with six Ethereum (ETH). It appears that the…

The post Dogecoin (DOGE) Set for a 200% Surge: Is History About to Repeat Itself? appeared first on Coinpedia Fintech News Dogecoin (DOGE) is showing signs of a significant upward movement, with a recent jump of 1.13%, bringing its trading price to around $0.11. Meanwhile, market analyst Ali Martinez suggests that DOGE is breaking free from a long-standing descending triangle pattern, which could lead to an impressive rally. If history repeats itself, Dogecoin might be on the verge 200% rise. Dogecoin’s Next Big Rally?  In a recent tweet, Martinez noted that Dogecoin might be following a familiar historical pattern that…

The post Crypto Market Today (Oct 7th, 2024): Bitcoin Price Crosses $62k, Altcoins See Minor Price Pump! appeared first on Coinpedia Fintech News Crypto Market Overview: The cryptocurrency business has traced back to its total market cap of $2.19 trillion. The US Jobs Report positively impacted market sentiment, easing concerns about an economic slowdown and driving increased interest in riskier assets like cryptocurrencies. As a result, the market is seeing amplified activity, with intraday trading volumes surging by 73.81% to $61.08 billion. Successively. the Fear & Greed Index at press time sits at 43, indicating a neutral sentiment. Bitcoin Price…

The post Bitcoin Crushes Gold and Silver to Become 2024’s Top Surged Asset—Is $90K Next? appeared first on Coinpedia Fintech News In 2024, Bitcoin has proven to be the best-performing investment, outshining traditional assets like gold, silver, and stocks. Despite a few market challenges, Bitcoin’s year-to-date growth stands at an impressive 49.2%. According to a recent report from the New York Digital Investment Group (NYDIG), Bitcoin’s upward trend may continue into the final quarter, driven by favorable conditions and increased interest. Bitcoin’s Standout Rise Amid Market Pressures So far in 2024, Bitcoin has demonstrated remarkable resilience. Its 49.2% increase makes…

The post Altcoin Season Soon: Not a Trap, List of Altcoins That Have Survived the Storm appeared first on Coinpedia Fintech News Bitcoin could reach new all-time highs, and altcoins are poised for a significant rebound, according to the analyst of Crypto Banter’s The Sniper Trading Show. While the bulls are holding firm with a solid support line, the analyst said that one  needs to brace for another pullback on the horizon. This upcoming dip may create prime buying opportunities for savvy investors. He explained that the recent market movements have provided clarity on which tokens are resilient and poised…