Visa is piloting a service allowing US dollar stablecoin payouts to crypto 
wallets from business accounts funded with fiat currency.

Visa pilots fiat-funded stablecoin payouts for US businesses

Kraken co-CEO Arjun Sethi argues that the U.K&#8217;s rules on the promotion of 
virtual assets is hurting the consumer experience and may deter potential 
users from investing in crypto. According to a report by the Financial Times, 
Kraken co-CEO Arjun…

Kraken co-chief criticizes UK’s strict crypto rules

Morgan Stanley’s Denny Galindo likens Bitcoin’s cycle to the seasons, warning 
that the market’s “fall” phase is a time to secure gains before a downturn.

Morgan Stanley says it’s harvest time as Bitcoin enters ‘fall’ season

The new week kicked off with subdued exchange-traded fund (ETF) activity as 
bitcoin saw a marginal $1.15 million inflow and ether funds stayed flat. 
Solana ETFs, however, kept their momentum alive, adding another $6.78 million 
in investor inflows. Crypto ETFs Begin the Week Quietly with Solana in Green A 
quiet Monday, Nov 10, opened the […]

Bitcoin ETFs See Modest Inflows as Solana Stays Hot

The Bitcoin dominance has remained quite high over the last year, holding 
firmly above 50% and preventing altcoins from making any meaningful recovery. 
Even now, the dominance has climbed close to 60%, showing that Bitcoin is 
still determining the direction of the entire market. However, there has been 
a development that could change the trajectory of the Bitcoin dominance and 
put altcoins in the spotlight once again, highlighted by crypto analyst 
Unichartz. Bitcoin Dominance Breaks Below 50 EMA Since 2023, the Bitcoin 
dominance has remained firmly above the 50-Day Exponential Moving Average 
(EMA), showing immense strength around this level. Even through market 
crashes, the digital asset has maintained its dominance, and with each passing 
year, the trendline has continued to rise. As long as the Bitcoin dominance 
stayed above the 50 EMA, it showed it would continue to dominate, but this is 
changing now. Related Reading: Shiba Inu Derivatives Market Is Taking Off 
Again, But What Does This Mean For Price? According to the post by Unichartz, 
it shows that the Bitcoin dominance has now crashed below the 50-Day EMA for 
the first time in almost one year. This comes as the dominance lost its 
footing above 60% and has failed to reclaim its position above it. Naturally, 
there has been an attempt to reclaim the 50-Day EMA once again. However, this 
attempt failed after the brief surge above 63% in early October was thwarted 
by the market-wide crash on October 10. Since then, the dominance has remained 
below the 50 EMA and has now spent a full consecutive month below this 
critical level. What This Means For The Crypto Market Historically, the 
altcoin season has only begun when the Bitcoin dominance has seen a decline. 
This trend has held strong through the years, and even through the current 
cycle, has prevented the rise of another altcoin season. Related Reading: 
Dogecoin Does Not Have Potential For A Strong Move Upward, Analyst Says 
However, with the crash below the 50 EMA, the analyst predicts that the 
Bitcoin dominance is about to see a massive crash. It shows that the dominance 
will fall below 40% if it fails to reclaim the 50 EMA soon. Such a crash would 
give room for altcoins to actually run as the focus moves away from Bitcoin. 
With the Altcoin Season Index sitting at a low 31 at the time of this writing, 
it shows that a crash in the Bitcoin dominance is sorely needed for altcoins 
to rise again. However, the analyst explains that if the dominance does 
reclaim the 50 EMA, then Bitcoin’s lead may be extended for longer before 
attention rotates back to altcoin. Featured image from Dall.E, chart from 
Tradingview.com

Cryptocurrency price in BRL