All articles tagged with #accumulation
Denver will experience a rapid temperature drop from a record high of 59°F to snow with accumulations of 4-8 inches in the high country and up to 4-5 inches in the metro area as a cold front moves through Saturday night, potentially causing tricky travel conditions.
A winter storm warning has been issued for New York City and surrounding areas, predicting 4-8 inches of heavy snow from Friday evening to Saturday morning, potentially the most snowfall in years, with higher totals expected north and west of the city.
Massachusetts is preparing for a snowstorm on Tuesday with up to 6 inches of snow possible in Western and Central regions, potentially impacting commutes, with additional snow showers and a cold front expected later in the week.,
Ethereum's accumulation addresses have reached a record high of 22.8 million ETH, indicating strong conviction among long-term holders and potential for a major rally. On-chain activity has surged, and stablecoin dominance suggests possible altseason. However, ETH faces technical resistance at around $2.6K, and a break above this level could propel it past $3K, contingent on overcoming key resistance levels.
Bitcoin is currently in a consolidation phase with cautious optimism, as on-chain data and market signals suggest a potential breakout in the second half of 2025, driven by possible Fed rate cuts and strong holder demand, especially from big players.
Bitcoin's long-term holders have increased their positions significantly, creating a strong market foundation and reducing downside risk. With fewer coins on exchanges and steady institutional inflows, the market is set for a potentially extended bullish cycle, despite short-term volatility.
Ethereum has seen significant whale activity, with large investors purchasing over 280,000 ETH, worth approximately $1 billion, in recent days. This accumulation has fueled optimism about Ethereum's price trajectory, especially as it trades near $3,700. The increased whale activity, coupled with more ETH outflows from exchanges, suggests reduced selling pressure and potential for sustained bullish momentum. However, risks remain due to overbought technical indicators, which could lead to a short-term correction.
Parts of central Iowa received significant snow accumulation on Friday morning, with some areas recording several inches of snow in just a few hours. Snowfall totals varied across the region, with Toledo receiving 7.0 inches, Nevada and Webster City receiving 5.5 inches, and several other areas receiving between 2.0 to 4.5 inches. The snowfall varied widely across different locations in central Iowa.
A winter weather advisory is in effect for Southeast Michigan, with accumulating snow expected throughout the day. The Thumb to M-59 area could see upwards of 4 inches of snow, while M-59 to I-94 may expect 1-3 inches. The I-94 corridor and south could see 1-2 inches near I-94 and less than an inch closer to the state line. Breezy conditions are expected on Saturday, with warmer temperatures and rain showers returning early next week. Nationally, back-to-back storm systems will bring snow to the northern Plains and upper Midwest, with winter storm warnings in effect for the Northeast.
Forecast confidence is increasing for a light to moderate snowfall in the D.C. area Friday night, with potential accumulations ranging from a coating to 3-4 inches. The storm is expected to come through from west to east, with a 70 percent chance of at least an inch falling in the area. Uncertainty remains regarding exact amounts and the potential for a localized zone of heavier snow. Temperatures will play a key role in determining accumulation, with slightly warmer temperatures in the southern half of the region potentially delaying snow accumulation.
Bitcoin's price surpassed $49,000, driven by strong spot bitcoin ETF inflows and signs of institutional accumulation. The cryptocurrency experienced a sudden spike to $49,100 during the U.S. trading session and was changing hands slightly above $48,900 at press time. Last week saw over $1.1 billion in net fresh funds flowing into spot bitcoin ETFs, while potential selling pressure from Genesis, a crypto lender under bankruptcy protection, liquidating its $1.6 billion worth of GBTC holdings could impact ETF net inflows and prices in the coming months.
Light snow is expected to impact the Friday morning commute in Cincinnati, with most areas receiving 1 to 2 inches of snow, although some may see less. Higher snow totals are more likely in northern communities near Dayton and south of the I-71/75 split in Kentucky. The snow is forecasted to end by noon, with temperatures in the mid to low 20s.
The National Weather Service in Boston predicts a period of light snow on Friday with a coating to 2 inches expected in most areas, but 3-4 inches are possible across parts of Plymouth county onto Cape Cod. Other sources also forecast light snow with varying accumulation totals, with some areas potentially receiving 2-4 inches of snow.
Rochester, NY and surrounding areas are expected to experience the biggest single-day snowfall of the season, with 3-5 inches of snow accumulation. A Winter Weather Advisory is in effect for several counties, impacting the Tuesday morning commute. Main roads will be relatively clear, but side and back roads may be more challenging. Temperatures will be near freezing, so bundle up and allow for extra time during the commute.
Metro Detroit is expected to see its first snow accumulation of the season on Sunday, with light snowfall and one to two inches of snow expected in some areas. While the snow may melt on impact in the city, colder temperatures on Sunday night could lead to snow-coated roads and slippery conditions. The upcoming forecast is considered normal for November, with an average snowfall of 1.9 inches.