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Analyst: Recession fears may be bullish for Bitcoin

Bitcoin has failed to strengthen above the $40K again after yesterday’s brief upside that pushed it to highs of $40,280. Today’s market action has seen BTC retreat to lows of $38,750, although the benchmark crypto currently trades just above $39,000 according to data from crypto price tracker CoinGecko. The market is also experiencing a negative…

Bitcoin has failed to strengthen above the $40K again after yesterday’s brief upside that pushed it to highs of $40,280. Today’s market action has seen BTC retreat to lows of $38,750, although the benchmark crypto currently trades just above $39,000 according to data from crypto price tracker CoinGecko.

The market is also experiencing a negative turn, with the total market capitalisation falling 1.8%. Ethereum is the second-ranked cryptocurrency in terms of market capital, with a 1.5% drop in the 24 hours.

Recession fears could help risk assets

The current struggles for Bitcoin coincide with a slowdown of stocks on Friday, as shares in tech giants Amazon.com and Apple. In early morning trading, the S&P 500 fell 1% while the Dow Jones Industrial Average opened 0.4% lower and Nasdaq Composite lost 0.7%.

The increase in volatility will likely lead to further losses, despite concerns about the Federal Reserve’s tighter monetary policies. Next week’s Fed meeting is expected to raise interest rates by 50 percentage points. This could be a factor that market analysts believe could affect economic recovery.

Marcus Sotiriou is an analyst at GlobalBlock and suggests that Bitcoin might be a bullish signal if there’s a Fed rate hike or tightening.

Sotiriou shared this note via email Friday:

US GDP fell by 1.4% in Q1 2022, as fears of a recession increase. This is bullish for risk assets like Bitcoin and equities in my opinion, as the Federal Reserve may become less hawkish to avoid a recession.”

The 1.4% decrease in GDP over the past year in the first quarter 2022 was the largest since Q2, 2020..

Bitcoin’s immediate outlook

Investors should be aware that Bitcoin and stocks have been increasing in correlation over the past few months.

As such, BTC could be pushed lower by equity market declines arising from geopolitical turmoil or new COVID outbreaks.

On the other hand, Bitcoin could see a surge in upside momentum in stocks which could help it break through immediate resistance levels.

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Bitcoin

iAgent SDK pushes Injective (INJ) up 17%; iDEGEN presale crosses $1.55m

Injective’s iAgent SDK launch has driven the INJ price up 17.9%. The iAgent SDK enables AI agents for seamless blockchain automation. iDEGEN, designed to evolve based on real-time interactions on X, has raised $1.55M in an ongoing presale. In the fast-evolving world of blockchain and artificial intelligence (AI), two projects are stealing the spotlight: Injective…


Injective (INJ) soars after INJ 3.0 governance proposal approval
  • Injective’s iAgent SDK launch has driven the INJ price up 17.9%.
  • The iAgent SDK enables AI agents for seamless blockchain automation.
  • iDEGEN, designed to evolve based on real-time interactions on X, has raised $1.55M in an ongoing presale.

In the fast-evolving world of blockchain and artificial intelligence (AI), two projects are stealing the spotlight: Injective (INJ) and iDEGEN.

Injective, a leading decentralized finance (DeFi) protocol, recently unveiled its cutting-edge iAgent SDK for on-chain AI agents, while the new AI-powered crypto project iDEGEN has surpassed $1.55 million in its presale.

iAgent SDK launch pushes Injective (INJ) price up 17%

Two weeks ago, Injective, a leading blockchain protocol tailored for decentralized finance (DeFi), introduced the iAgent software development kit (SDK) to enable the creation of on-chain AI agents, simplifying complex blockchain operations and pushing automation capabilities to new heights.

Unveiled at the Injective Summit 2024, iAgent seamlessly integrates with advanced language models like OpenAI’s ChatGPT, allowing users to interact with the blockchain through simple, natural language commands. Tasks such as decentralized exchange order placement, wallet balance checks, instant payments, and predictive market trend analysis can now be executed conversationally, making blockchain more accessible to both developers and non-technical users.

The flexibility of the iAgent SDK empowers developers to create specialized AI agents for specific purposes. For instance, one agent could monitor market trends in real time, while another could automate trading strategies. The SDK also ensures transparency and security, tracking transactions with detailed information like hash codes and block heights.

This innovation positions Injective as a leader in AI-driven blockchain applications. By enabling AI agents to interact with external APIs, databases, and decentralized applications, the iAgent SDK is broadening the scope of automated solutions in DeFi.

The launch of iAgent has been met with enthusiasm, contributing to a 17.9% price surge for Injective’s native token (INJ) over the past 14 days.

While INJ has seen a slight 2.4% dip in the last 24 hours, it remains a strong performer, boasting a 62% increase over the past month and a 64.4% rise over the past year.

iDEGEN: AI meets blockchain in a unique presale

While Injective is reshaping DeFi using AI agents, iDEGEN is capturing attention with its unconventional approach to integrating AI and blockchain.

Launched on November 26, 2024, the project has already raised over $1.55 million through a dynamic presale system that mirrors the volatility of the crypto market.

The iDEGEN presale uses a dynamic pricing model that adjusts every five minutes based on activity. If no purchases are made within a five-minute interval, the price decreases by 5%. Conversely, a single purchase within this window causes the price to remain constant for the next interval while consecutive purchases cause the price to rise by 5% for the next interval. This mechanism has created an interactive and unpredictable buying experience, mirroring the project’s ethos.

The iDEGEN token, $IDGN, is backed by an AI model described as a “sentient, degenerate memelord” that evolves based on real-time interactions on X (formerly Twitter). Every mention, comment, or tag contributes to the AI’s learning, making it increasingly dynamic and engaging. This unique feature has driven community interest and positioned iDEGEN as a standout project in the growing field of AI-powered cryptocurrencies.

As of now, over 383 million $IDGN tokens have been sold. With the presale set to end on January 1, 2025, early investors are gearing up for the token’s listing on major exchanges at a 10% higher price, signalling potential returns for participants.

If interested in this revolutionary AI-powered project, investors can visit the official website for more information.


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Dogecoin’s $50 Billion Market Cap Meets PEPE’s Rise: Why Smart Investors Are Turning to 1FUEL

The cryptocurrency market is known for its explosive growth. For example a coin like Dogecoin rose from its humble beginnings to a market cap of a staggering $62 billion (at time of writing).  A more recent example is the success of PEPE in captivating the attention of meme coin enthusiasts. These successes have put a…


The cryptocurrency market is known for its explosive growth. For example a coin like Dogecoin rose from its humble beginnings to a market cap of a staggering $62 billion (at time of writing).  A more recent example is the success of PEPE in captivating the attention of meme coin enthusiasts. These successes have put a stamp on the immense potential of digital assets to give astronomical returns. While these meme coins have created excitement, a growing number of smart investors are turning their attention to another kind of innovation – 1FUEL, a next-generation cryptocurrency wallet positioned to change asset management in the blockchain space.

The Market Evolution: From Dogecoin to PEPE

Dogecoin has grown to become the 7th largest cryptocurrency with a market cap of $62 billion thanks to its simplicity, widespread adoption and celebrity endorsements. 

Recent weeks have seen Dogecoin lose double digit values as the crypto market experienced a temporary dip. However, the coin has since recouped its losses and is now up 2% in the past week. This growth trajectory is expected to continue in the anticipated bull run this December.

Meanwhile, PEPE coin was designed to satisfy crypto investors’ appetite for speculative investments. The coin, which promises no utility to its investors, quickly gained success after launch, growing to become the 19th largest cryptocurrency with a market cap of $8.5 billion. At the time of writing, PEPE  is up 107% in the past month. Like Dogecoin, it has experienced significant declines in the past weeks, dropping by over 7% in the last 7 days.

Although temporary, the recent declines in Dogecoin and PEPE have prompted many investors to seek more rewarding investments, and a growing number have set their sights on 1FUEL, a coin that some analysts are predicting could offer 100X returns post launch.

Why Many Investors Are Turning to 1FUEL

Investors seem to be flocking to 1FUEL, drawn by its innovative solutions to simplify cryptocurrency transactions and enhance security. Unlike traditional wallets, 1FUEL’s one-click cross-chain transactions make it easy to trade across networks like Ethereum or Binance Smart Chain without juggling multiple tokens. This streamlined experience minimizes errors and appeals to both newcomers and seasoned traders.

Security and privacy are at the heart of 1FUEL’s appeal. Advanced cryptographic techniques, disposable wallets, and a built-in mixer ensure transactions remain anonymous, while multi-layered security protects assets from hacks. For those seeking safer, smarter ways to manage crypto, 1FUEL delivers.

Its integrated peer-to-peer exchange allows direct, cost-efficient trading without intermediaries, even across different blockchains—all powered by a single asset: 1FUEL. This versatility positions it as a leader in cross-chain trading.

Bridging the gap between digital assets and everyday spending, 1FUEL’s virtual and physical debit cards let users spend crypto like fiat, making it practical for real-world transactions. With such features, 1FUEL is rapidly becoming a must-watch token for forward-thinking investors.

The Bigger Picture: Utility Over Hype

Where Dogecoin and PEPE enjoyed massive attention, their long-term sustainability is highly reliant on community hype and speculative trading. In contrast, 1FUEL provides real utility, solving actual problems that stand in the way of cryptocurrency adoption.

With 1FUEL still making waves in its presale, some analysts believe this could be a good time for investors to buy in.

Learn more about 1FUEL. Click on the links below:

Presale: https://www.1fuel.io/

Telegram: https://t.me/Portal_1Fuel

X: https://x.com/1fuel_?s=21

Instagram: https://www.instagram.com/1fuel/#

Whitepaper: https://whitepaper.1fuel.io/


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Satoshi May Have Used a Canadian Bitcoin Exchange

Conor Grogram, head of product business operations at Coinbase has unearthed evidence that suggests Satoshi may have used Cavirtex, an early Canadian bitcoin exchange that was initially purchased by New York-based Coinsetter in 2015 before being subsequently acquired by Kraken in 2016. Grogram used on-chain analysis to determine that a Satoshi wallet that starts with [……
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