# CryptoObserversq

#CryptoObserversq
USDT and USDC now contribute nearly 50% of the trading volume among major cryptocurrencies. #UTASNOV_3204583

**#CryptoObserversq **
🔹 *Ethereum* surged past **$3,800**, driven by heightened altcoin activity across the cryptocurrency market. This milestone comes just before *Bitcoin* set a historic all-time high, breaking the **$100,000** mark.
👨🏻‍💻 *Trader Jelle* highlighted the successful breakout above a key resistance level, which could now act as strong support on Ethereum's path toward the psychologically significant **$5,000** mark. Multiple timeframe analyses suggest a favorable technical setup for further growth.
📈 *Analyst Venturefounder* offered an even more bullish perspective,

#CryptoObserversq #BTC 🏢Analysts at QCP Capital have stated that despite Bitcoin's correction below the $95,000 mark after reaching peak levels, institutional investor interest in the first cryptocurrency remains.
👨🏻‍💻Traders are willing to pay higher premiums for options that give the right to sell an asset at a pre-agreed price than for options that give the right to buy it. This shift reflects growing market participants' concerns about possible short-term price declines. However, the corporate sector is showing increasing interest in Bitcoin as a reserve asset, which, combined with th

#CryptoObserversq #PEPE 🐳Whales are buying $PEPE
After the market growth, several addresses bought and withdrew $8 million worth of PEPE from the exchange 🤑

#CryptoObserversq #DOTUSD
Polkadot also did not miss the bullish run, it managed to form a new uptrend as the 61.8% Fibonacci level was surpassed. Five ascending Elliott waves formed, in this regard, Dot resembles Atom! Now it's time for corrective waves ABC, at least wave A will appear, while wave C potentially can push the price back to $8. It must be admitted that the break of the corrective waves is desirable at the moment. Polkadot is an extremely undervalued coin that could reach $30-40.
Third-party analysts predicted Polkadot's breakthrough to $20 back in mid-October.
Profit to everyon

#CryptoObserversq Tether reports record profits amid rising demand for USDT 💵
Stablecoin issuer USDT, Tether, reported a record profit of $2.5 billion in the third quarter of 2024, increasing its yearly income to $7.7 billion. The financial rise of the company reflects the growing demand for USDT - there are now nearly 120 billion tokens in circulation, which is 30% more than at the beginning of the year.
Tether reserves, primarily backed by US Treasury bonds totaling $102.5 billion, make it one of the largest holders of US debt🇺🇸
Tether also diversified its assets by investing in renewabl

#CryptoObserversq #BTCUSD #BTC
Unfortunately, the flag did not work out, the rate only rose to $98682, then there was consolidation, and the appearance of bearish engulfing led to a rollback slightly below $95000. Nevertheless, the bulls are not going to give up the initiative, at the slightest threat they enter the battle, which reflects the change of signal in the cash flow. Breaking the 100,000 mark this week is in question. There is an opinion that high prices now scare away retail investors.
Kiyosaki warned of a possible drop in Bitcoin to $60,000, which is unlikely.
Gaming company Boya

#CryptoObserversq #DOGEUSD
The breakout of the triangle upwards allowed to rise to $0.4804, which is very good considering that it is halfway to $1. On the other hand, the triangle itself did not work well, and a pullback started. The rate rolled down to the lower boundary of the triangle, namely $0.3651, then rebounded upwards and the indicators signal a continuation of the growth, but it is uncertain. In the nearest week, movement towards $0.55 is needed.
Memecoin Dogecoin has surpassed Porsche in terms of market capitalization.
The Dogecoin Foundation is seeking support to fund its plans

#CryptoObserversq #LTCUSD
The triangle on Litecoin has worked successfully, the price initially rose to $98.4, then after a pullback it reached $106.07. Then the falling star dodgy was not allowed, followed by a pullback to $88, there was a threat of the "Head and Shoulders" pattern appearing, but it has already passed. Now we are waiting for movement towards $110-$115, signals from the Balance of Power and Vumanchu allow for this, in addition, there is a bullish engulfing.
More than 60% of Litecoin holders are in profit.