IA Daily Digest - to all in USA - Happy T Day (Patreon)
Published:
2023-11-24 04:26:26
Imported:
2023-11
Content
Bitcoin's Bullish Thanksgiving:
A Look at the Numbers and Market Moves
BITCOIN
- Bitcoin's Holiday Surge: Celebrating its best Thanksgiving performance since 2020, Bitcoin shows signs of potential further gains.
- Record Transaction Fee: A whopping $3.1 million in fees was paid for a single Bitcoin transaction, with the mining group Antpool reaping the benefits, receiving a hefty 85.2163 BTC in fees on top of the standard block reward.
- Bitcoin's Resistance Play: IA observe Bitcoin's fourth attempt to breach the $37,500 resistance level, anticipating a breakthrough.
PYTH
- Market Sentiment: @InvestAnswers compares the excitement around Pyth to past enthusiasm for SOL, although noting they serve different purposes in the blockchain ecosystem. Not Pyth is not the new SOL was the answer. L1 is not a utility. L1 will always garner more value.
LINK VS PYTH
- Oracle Wars: Pyth emerges as a significant rival to Chainlink, with traders showing bullish sentiment. IA made a swap from SOL to Pyth resulted in a 16.8% gain within a single day - pair trade
- Investment Analysis: IA recent 'Should I Buy?' segment on Pyth yields a positive outlook, adding to the upbeat market narrative.
JUPITER AIRDROP
- Eligibility for Airdrops: A new airdrop requires a swap of $1000 to participate, 100M traded swapped on JUP last 24 hrs.
BTC SPOT ETF
- ETF Commentary: SEC's Hester Pierce makes a positive remark on the prospect of a Bitcoin spot ETF, suggesting regulatory barriers should not hinder its creation.
ETH
ETH Strength: ETH looking strong and my on chain data suggests whales are stacking