April 7, 2024
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MARKET ANALYSIS:
Market Cap: $2.58 Trillion
24h Volume: $60.36 Billion
BTC Dominance: 52.7%
ETH Dominance: 15.8%
🔸BK® Health Standard: 5.6 (1 to 10)
🔸BK® Sentiment: 52% (-100% to 100%)
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BINANCE ANALYSIS (USDT pairs):
Top Gainers
1. BEL: +38%
2. CKB: +31%
3. REI: +21%
Top Losers
1. TFUEL: -8%
2. PENDLE: -7%
3. YGG: -6%

BINANCE FUTURES:
Top Gainers
1. BELUSDT: +39.5%
2. CKBUSDT: +32%
Top Losers
1. YGGUSDT: -7%
2. PENDLEUSDT: -6%

LARGEST VOLUME (24h)
1. BTC/USDT ($20200m)
2. ETH/USDT ($9300m)

DAILY OUTLOOK
Today, BEL, CKB, and REI have emerged as the top gainers in the market, showcasing impressive performance. Meanwhile, Bitcoin has demonstrated robust strength by surging past the $69,000 mark, marking a significant breakout. Currently, it is undergoing a retest above this crucial level. A successful retest would serve as a confirmation of further upward momentum in its price trajectory.
#BullorBear #BinanceLaunchpool #WIF #sui #Memecoins

Be Part of Binance Red Packet Sharing
Red Packet #Write2Earn #TrendingTopic #sol #RedPacketMission $BTC $ETH $BNB

February 5, 2024
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MARKET ANALYSIS:
Market Cap: $1.64 Trillion
24h Volume: $35.25 Billion
BTC Dominance: 51.2%
ETH Dominance: 16.8%
🔸BK® Health Standard: 3.9 (1 to 10)
🔸BK® Sentiment: 21% (-100% to 100%)
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BINANCE ANALYSIS (USDT pairs):
Top Gainers
1. POND: +26%
2. NMR: +14%
3. CTXC: +13.5%
Top Losers
1. OM: -8%
2. RNDR: -6%
3. MULTI: -5%

BINANCE FUTURES:
Top Gainers
1. NMRUSDT: +14%
2. GALUSDT: +11%
Top Losers
1. RNDRUSDT: -7%
2. WIFUSDT: -6.5%

LARGEST VOLUME (24h)
1. BTC/USDT ($15350m)
2. ETH/USDT ($5800m)

DAILY OUTLOOK
POND, NMR, and CTXC have emerged as the top gainers in the market, showcasing impressive performance. Meanwhile, BTC finds itself in a consolidation phase, with today's opening of the financial markets poised to provide crucial insights into the imminent direction of the market. While the short-term structure appears somewhat choppy, the broader trend remains decidedly bullish.
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#TrendingTopic #TradeNTell #Write2Earn #BinanceBullRun #follwformore $BTC $ETH $BNB

Today we will talk about a key event in the world of cryptocurrency - the Bitcoin halving.

🟣What is Bitcoin Halving?
Bitcoin halving is a process that occurs approximately every four years and reduces by half the amount of new bitcoins issued to miners as rewards for mining blocks. So, for example, if a miner currently receives 1 bitcoin, after the halving, they will receive 0.5 bitcoin for mining with the same resources.

🟣Why is Halving Necessary?
Halving helps control inflation. Since the number of Bitcoins is limited to 21 million, halving ensures that coins will not be mined too quickly. This supports the long-term value and rarity of Bitcoin.

🟣When is the Next Halving?
The last halving occurred in May 2020. The next one is expected in 2024, in approximately 70 days. The exact date of the halving depends on the block production rate, but it usually occurs every 210,000 blocks.

🟣Impact of Halving on Bitcoin Price
Halving is often seen as an event that increases the price of Bitcoin because it reduces the supply of new coins. Historically, Bitcoin prices have risen after halvings. However, it's important to understand that the cryptocurrency market depends on multiple factors, and halving is just one of them.

🔵My Opinion:
I believe that we won't see a sharp increase in the price of BTC at the moment of halving. This is because the market operates on expectations. However, the price will gradually rise throughout 2024. This will leave behind those who hoped for a sudden, momentary surge, causing them to sell their assets.#Write2Earn #TrendingTopic #JUP #Halving #xrp $BTC $ETH $BNB

A Delaware judge has ruled Elon Musk's $55.8bn pay package is too excessive.

The judge cited "the process leading to the approval of Musk's compensation plan was deeply flawed," citing his "extensie ties" with those negotiating his pay deal initially approved in 2018.

The case went to trial in late 2022 when a Tesla shareholder, Richard Tornetta, asked the court to cancel the pay deal, alleging Musk controlled the approval process and that the board misled investors.

#MAV🚀🚀🚀 #Write2Earn #TrendingTopic #TradeNTell #BinanceMissions $BTC $ETH $BNB

Google has updated its advertising policy to allow Bitcoin and crypto trust products to be advertised.

This change has led companies like BlackRock and VanEck to start advertising spot Bitcoin ETFs on Google.

#Write2Earn #TrendingTopic #ETFInvestmentExpectation #ETFSurge #BlackRockCrypto $BTC $ETH $BNB

According to Glassnode, following the approval of spot BTC ETFs, ETH and altcoins experienced a rally, with ETH outperforming BTC for the first time since October 2022. Key takeaways of the report include:

⚫️Ethereum outperformed Bitcoin, gaining over 20% relative to BTC after ETF approvals
⚫️The derivatives market for ETH saw a notable uptick in trade volume, suggesting growing interest and capital flows
⚫️Solana emerged as a strong competitor in the Layer 1 blockchain space in 2023, although it did not see significant strength after the BTC ETF approvals
⚫️The general altcoin sector gained momentum from the ETF excitement, with investors anticipating another speculative wave in the market

#UMA #SATS #MANTA #ETFExcitement #TradeNTell $BTC $ETH $BNB

According to the data, the top 10 countries in Bitcoin mining by hashrate include:

🇺🇸US - 37.8%
🇨🇳China - 21.1%
🇰🇿Kazakhstan - 13.2%
🇨🇦Canada - 6.5%
🇷🇺Russia - 4.7%
🇩🇪Germany - 3.1%
🇲🇾Malaysia - 2.5%
🇮🇪Ireland - 2.0%
🇸🇬Singapore - 2.0%
🇹🇭Thailand - 1.0%

Furthermore, recent trends reveal a higher usage of renewable energy for Bitcoin mining.
#ALT #UMA #MANTA #BTC #ETH $BTC $XRP $ETH

BTC will be bottomed out when Hands changing process finishes from GrayScale to other ETFs.

Currently there is still a huge load in GrayScale.
#MANTA #BTC #GrayscaleETF #ALT #Write2Earn $BTC $ETH $BNB

The chart showcases top DeFi projects, ranked by their developers' activity, which is measured by the number of events in their public Github repositories.

It also explains "Daily Active Addresses" (DAA), indicating the number of unique addresses interacting with a specific coin each day.

#TrendingTopic #TradeNTell #MANTA #BTC #ARB $BTC $ETH $BNB

The US experienced an influx of $1.24bn in digital asset investment products, while Europe witnessed minor outflows.

Trading volumes were $17.5bn last week, the highest on record, compared to an average of $2bn per week in 2022.#MANTA #TrendingTopic #Launchpool $BTC $ETH $SOL

CoinShares has released a Bitcoin mining report with key highlights:

⚫️The average cost of mining one BTC will rise to $37,856
⚫️Only a small group of miners will remain profitable if Bitcoin's price falls below $40k
⚫️Network efficiency has significantly increased and is expected to continue growing from 34W/T (current) to 10W/T by 2026
⚫️Approximately 53% of mining energy comes from eco-friendly sources

#BTC #XAI #ETH-ETF $BTC $ETH $BNB

MARKET ANALYSIS:
Market Cap.: $1.72 Trillion
24h Volume: $83.93 Billion
BTC Dominance: 53.1%
ETH Dominance: 16.1%
🔸BK® Health Standard: 6 (1 to 10)
🔸BK® Sentiment: 53% (-100% to 100%)
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BINANCE ANALYSIS (USDT pairs):
Top Gainers
1. RIF: +36%
2. BONK: +26%
3. ASTR: +23%
Top Losers
1. PEOPLE: -20%
2. DEGO: -16%
3. GMT: -13%

BINANCE FUTURES:
Top Gainers
1. RIFUSDT: +37%
2. BIGTIMEUSDT: +34%
Top Losers
1. PEOPLEUSDT: -19%
2. GMTUSDT: -13%

LARGEST VOLUME (24h)
1. BTC/USDT ($42.96B)
2. ETH/USDT ($13.27B)

DAILY OUTLOOK
RIF, BONK, and ASTR have emerged as the leading gainers in the market, showcasing impressive performance. BTC has demonstrated notable strength, initiating the week on a positive note and signaling the potential for a sustained bull run. The broader market sentiment indicates a positive trend, with altcoins gaining momentum, hinting at a potential significant upward surge in the near future. Investors are optimistic about the continued positive trajectory, as both major cryptocurrencies and alternative coins contribute to the overall bullish market sentiment.#BTC #BONK #Launchpool $BTC $ETH $BNB

The nonprofit organization Better Markets is reportedly seen as a potential final obstacle to the approval of a Bitcoin spot ETF.

Despite Better Markets opposing the approval, Fox Business reporter Eleanor Terrett doesn't believe it will negatively impact the ETF approval, but she warns that the close relationship between SEC Chairman Gary Gensler and Better Markets CEO Dennis Kelleher should be noted.

#BTC #ETH #APT #OSMO #LUNC $BTC $ETH $SOL

Artificial intelligence crypto predictions in 2024:

Google's Bard:
⚫️Predicts Bitcoin reaching $120,000 in 2024, citing factors like the halving, adoption, regulatory clarity, and potential ETF approval
⚫️Expects institutional growth in crypto adoption

ChatGPT:
⚫️Foresees 2024 crypto trends, including decentralized private identifiers, restaking protocols, data availability layers, real-world asset tokenization, and AI-driven cryptocurrencies
⚫️Neutral on crypto AI hype, emphasizes AI's potential to revolutionize the industry

#BTC #XAI #ETH #APT #LUNC $BTC $SOL $BNB

How the original article from yesterday was called: link

How they make it sound

Pure bullshit by “The Block”.

So here the theory; market makers analysis bots read the headline and interpreted it as a rejection. Therefore they pulled their Spot bid orders.
This made the order book real thin in addition to only having a large liquidity cluster below 41k.

With all the futures liquidations and missing liquidity it was easy to drop by 10% in minutes.#BTC #XAI #PEOPLE #ARB #ETH $BTC $ETH $BNB

Goldman Sachs is in discussions to become an AP “authorized participant” for BlackRock and Grayscale’s Bitcoin ETFs if the SEC allows them, according to reports.

#BTC #XAI #PEOPLE #ARB #LDO $BTC $ETH $SHIB

According to Matrixport, Bitcoin is expected to surge past $50k in January 2024, driven by the potential approval of a Bitcoin Spot ETF, strong institutional interest, and factors like supply shortages and increased cold storage use.

#BTC #ETF #ETH #ARB #TRB $BTC $ETH $SOL

The New York Times has sued OpenAI and Microsoft over the use of its stories to train chatbots.

The suit exposes some of the data sources that GPT-3 was trained on, including The Times itself and some scientific websites.

#BTC #Launchpool #TRB #ETH #FTT $BTC $ETH $SOL

🐟INSIDER UPDATE

This will be the first year in Bitcoin's history where the annual security budget as % of market cap will be higher than the year before (from 1.8% to 1.9%)

The security budget is the amount miners earn for securing the network. When this value is high, 51% attacks are expensive and vice versa
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