Day: December 11, 2024

Solana meme coin $PNUT surges 20% on Coinbase listing news

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Key Takeaways PNUT surged 20% after Coinbase added it to its listing roadmap. The meme coin’s market cap reached $1.34 billion, overtaking POPCAT and MOG COIN. Share this article Coinbase has announced plans to list PNUT meme coin, sparking a 20% price surge. Assets added to the roadmap today: Peanut the Squirrel (PNUT)https://t.co/rRB9d3hSr2 — Coinbase Assets 🛡️ (@CoinbaseAssets) December 11, 2024 PNUT’s 24-hour trading volume reached $1.5 billion following the announcement, according to CoinGecko data. PNUT gained initial attention after the New York Department of Conservation euthanized a squirrel mascot…

US November CPI matches expectations, Fed rate cut likely ahead

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Key Takeaways US consumer prices rose 2.7% annually in November, keeping inflation above the Federal Reserve’s 2% target. Traders are anticipating a quarter-point reduction in the federal funds rate at the upcoming Federal Reserve meeting. Share this article Fresh November CPI data out Wednesday showed consumer prices increased as expected, keeping the Federal Reserve on track for a rate cut next week, especially when the November jobs report released earlier this month indicated solid job growth. The Consumer Price Index climbed 0.2% month-over-month, matching both October’s increase and economist estimates,…

Solana (SOL) Encounters Barriers: Is a Fresh Surge Still Possible?

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Solana started a downside correction below the $230 zone. SOL price is now recovering losses and facing hurdles near the $220 level. SOL price started a fresh increase after it tested the $204 zone against the US Dollar. The price is now trading below $230 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $220 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $220 zone. Solana…

SEC’s Caroline Crenshaw faces intense opposition ahead of Senate vote

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Key Takeaways Caroline Crenshaw is criticized for her stance against crypto and spot Bitcoin ETFs. The SEC faces leadership changes amid internal disagreements on crypto regulation. Share this article The Senate Banking, Housing and Urban Affairs Committee is set to decide on the reappointment of Caroline Crenshaw as SEC commissioner tomorrow. Crenshaw’s renomination, however, faces intense opposition from the crypto industry due to her perceived anti-crypto stance. The Digital Chamber, an American advocacy group focused on promoting blockchain technology and digital asset industry, has publicly urged the Senate Banking Committee…

XRP Price Climbs Back: Is This The Start of a Bigger Move?

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XRP price found support near the $1.90 zone. The price is recovering losses and the bulls might soon aim for a move above the $2.35 resistance zone. XRP price started a fresh decline below the $2.25 zone. The price is now trading below $2.320 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.22 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.36 resistance. XRP Price…

Could $3,500 Be The Launchpad for a Rally?

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Este artículo también está disponible en español. Ethereum price remained stable above the $3,500 zone. ETH is now consolidating and might aim for a move above the $3,750 resistance zone. Ethereum started a downside correction below $3,780 and $3,750. The price is trading below $3,800 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,740 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $3,500 support zone. Ethereum Price…