American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Bitcoin price holds firm above $62,000; Celestia, Dogwifhat and Sui up more than 10%

by admin October 12, 2024
October 12, 2024
Bitcoin price holds firm above $62,000; Celestia, Dogwifhat and Sui up more than 10%

Bitcoin’s price has shown resilience by staying just above the $62,000 mark, despite uncertainty in the market.

Minor fluctuations have kept the price within a predictable range, while traders and investors await a potential breakout.

The key resistance level remains at $65,000, a psychological threshold that could signal new upward momentum if breached.

Investors are closely watching market indicators, especially with the Federal Reserve’s next inflation gauge release expected to impact market sentiment.

Ethereum, along with other altcoins such as Solana and XRP, has also experienced slight gains, suggesting a cautiously optimistic outlook in the market.

Ethereum saw a modest increase of 1%, reaching $2,440.65, while Solana rose by 1.51% to $141.91. XRP also gained 1.51% to $0.5352.

Celestia, Dogwifhat, Sui top gainers

Celestia has emerged as one of the top gainers in the past 24 hours, with a 14% surge.

Other cryptocurrencies such as Dogwifhat and Sui have also posted gains of 16% and 11%, respectively.

On the other hand, Fantom has suffered a 5.81% loss, leading the pack among today’s biggest losers.

Helium and FTX Token also declined, with losses of 3.87% and 2.54%, respectively.

While the market remains cautiously optimistic, these mixed performances indicate that investors are still navigating through a period of uncertainty.

Fidelity’s ongoing investigation into a data breach affecting 77,000 customers further complicates market dynamics.

In other crypto news

A Nigerian court has rejected the bail request for Tigran Gambaryan, a Binance executive, citing health concerns. Gambaryan, who arrived at the court in a wheelchair, has been suffering from a herniated disk, making it difficult for him to walk.

His lawyer, Mark Mordi, pleaded for bail to allow Gambaryan to seek medical treatment, but the court ruled that his condition did not warrant release from custody. Instead, Judge Emeka Nwite directed that Gambaryan receive medical care within the prison facility.

Binance founder Changpeng ‘CZ’ Zhao is set to make his first public appearance at the Binance Blockchain Week in Dubai on October 30-31, following his release from jail earlier this year. Zhao had served a four-month prison sentence for violating the Bank Secrecy Act (BSA) by failing to implement adequate know-your-customer (KYC) protocols at Binance.

Shiba Inu (SHIB) has recorded an astonishing 4.1 trillion trading volume, driven primarily by whale activity. The surge has raised questions about the potential for a price breakout.

SHIB is currently priced between $0.00001616 and $0.00001717, with resistance levels at $0.00002193 and $0.00002640. If whale activity continues, SHIB could break these levels and see significant price gains.

Meanwhile, US federal prosecutors are seeking an 18-month jail sentence for Heather Morgan, a rapper known as Razzlekhan, for her involvement in laundering Bitcoin stolen in the 2016 Bitfinex hack.

Morgan, who pleaded guilty to money laundering in August 2023, played a key role in assisting her husband, Ilya Lichtenshtein, in laundering approximately 120,000 Bitcoin, now valued at $7.2 billion.

While prosecutors are asking for a lighter sentence due to her cooperation, her involvement in the crime remains significant. Morgan’s sentencing is scheduled for November 15, following Lichtenshtein’s sentencing the day before.

The post Bitcoin price holds firm above $62,000; Celestia, Dogwifhat and Sui up more than 10% appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
Text-to-Game: the new phenomenon sweeping the games industry
next post
Earnings reports Q3 2024: BlackRock, JPMorgan, and Wells Fargo reveal mixed results

Related Posts

Long KVYO: Klaviyo Inc. Breaks New Highs, Strong...

December 17, 2024

BP taps Albert Manifold as new chairman amid...

July 21, 2025

Asian markets celebrate Trump’s ceasefire call; Kospi 100...

June 24, 2025

European stocks open lower amid Israel-Iran tensions; oil...

June 19, 2025

Coinbase becomes Ethereum’s largest node operator, controlling 11.42%...

March 20, 2025

Dell stock plunges 47% from peak: can AI...

March 28, 2025

Novo Nordisk stock just tanked 25%: here’s what...

December 21, 2024

Goldman Sachs forecasts gold at $3,700/oz by year-end...

April 14, 2025

TSMC Q4 revenue jumps 34% to $26B, beating...

January 10, 2025

Forever 21 seeks rent concessions as fast-fashion brand...

June 24, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved