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🦉 Trump's Passing the Bitcoin Act?

SEC Commissioner Backs Trump’s End To Crypto Crackdown, SOL, ADA, & CRO Rally as Altcoin Momentum Picks Up, and More!

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Traci Smith & Mike Cullison
November 08, 2024

GM 🦉 Another banger week for crypto. Take 5-minutes and get caught up on all the need to know.

In Today’s Crypto World:

  • Trump's Passing the Bitcoin Act? 🚀

  • SEC Commissioner Backs Trump’s End To Crypto Crackdown 🎉

  • SOL, ADA, & CRO Rally as Altcoin Momentum Picks Up 🤑

  • Gainers & Newbies 👀

  • X-Men Bastion Drop 💥

  • BTC 200 Week Moving Average Heat Map 🔬

OWLGO’S NEWS NEST
3 TRENDING HEADLINES 💡

Trump's Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares

Under the proposal, bitcoin would be established as a strategic reserve asset and the government could buy up to 5% of the cryptocurrency's total supply, the report said.

www.coindesk.com

SEC commissioner backs Trump’s plan to end crypto crackdown

Republican SEC Commissioner Mark Uyeda suggests pausing new enforcement actions against firms that have failed to register with the commission until clear rules of the road in place

www.foxbusiness.com

SOL, ADA, and CRO Rally as Altcoin Momentum Picks Up—Is This the Start of Altcoin Season? – Market Updates Bitcoin News

While bitcoin catches its breath after its recent ascent past record highs, other digital assets are enjoying a Friday boost.

news.bitcoin.com

DEGEN PLAYS
GAINERS & NEWBIES 👀

*Market insights are updated daily.

VEVE & NFT
X-MEN BASTION DROP 💥

CHART OF THE DAY
BTC 200-WK MOVING AVG HEAT MAP 🔬

If you are looking to predict the price of Bitcoin or forecast where it may go in the future, the 200WMA heatmap can be a useful tool as it shows on a historical basis whether the current price is overextending (red dots) and may need to cool down. It can also show when Bitcoin price may be good value on a historical basis. This can be when the dots on the chart are purple or blue.

Over more than ten years, $BTC has spent very little time below the 200 week moving average (200WMA) which is also worth noting when thinking about price predictions for Bitcoin or a Bitcoin price forecast.

OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - BANKS VS CRYPTO 🔦

HOOT’S OF ENLIGHTENMENT
WHAT IS CRO? 💡

Crypto.com Coin (CRO) is gaining popularity for its versatility and the ecosystem it powers. CRO is the native token of the Crypto.com platform, a comprehensive hub for cryptocurrency services including a wallet, exchange, and even payment solutions.

CRO enables users to earn rewards, pay lower fees, and access exclusive benefits, like higher cashback on Crypto.com’s popular Visa card. Its utility extends to staking, where users can earn passive income, and it’s increasingly adopted across DeFi applications, adding to its demand.

With strong backing, strategic partnerships, and a clear use case, CRO is positioned as a powerful tool for crypto users. 

OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀

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DAILY MEMES 🤣

Brought To You By: DailyGainsCrypto.com

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.