Mt_Gox_BTC_Dip
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🔻 Bitcoin dips 3% as Mt. Gox begins internal coin movements, sparking renewed selling pressure. 💰 The leading cryptocurrency briefly fell below $63,000 after the defunct exchange moved over $2.84 billion in BTC, likely for creditor repayments. Join the discussion and share your insights on the impact of these movements on the crypto market!
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Bitcoin Dips 3% Amid Mt. Gox Coin Movements
According to CoinDesk, Bitcoin faced renewed selling pressure on Tuesday after blockchain data revealed that the defunct exchange Mt. Gox began moving coins internally, potentially for creditor repayments.The leading cryptocurrency by market value dipped 3%, briefly falling below $63,000 after testing the $65,000 mark during early Asian trading hours. The decline occurred as the wallet associated with Mt. Gox initially moved 0.021 BTC ($1,000) to a blockchain address. This small movement, likely a transfer test, was followed by a significant movement of 44,527 BTC ($2.84 billion) to an internal wallet, as tracked by Arkham Intelligence. The movement was likely part of the repayment plan, according to on-chain sleuth Lookonchain.Mt. Gox, once the largest bitcoin exchange globally, went bust in 2014 after losing hundreds of thousands of bitcoin in a hack. The exchange began repaying its debt on July 4, raising fears of mass selling by creditors who have waited for reimbursements for a decade. Bitcoin's drop also impacted the broader market, with ether, the second-largest digital asset by market value, dipping over 2.5% to $3,400. The CoinDesk 20 Index (CD20), a broader market gauge, fell over 2% to 2,182.
If you put $10,000 into $XRP in September 2018.
Today, you would still have $10,000 🤯
99% of altcoins are doomed to dump/never grow.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #Write2Earn!
Today, you would still have $10,000 🤯
99% of altcoins are doomed to dump/never grow.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #Write2Earn!
$XEN
I expect this to do some great 🆙 move this upcoming rally.
Black line was the major support zone which got broken hence it moved ⬇️ & on 1D almost find support around 0.0(6)1$
I added this last week & will hold for next t 2-4 months , Today 30% 🆙 ⬆️
Buy 🎯:- 0.0(6)1$
Profit & maximum 🎯 mentioned in 📊.
I expect this to reclaim Black line
0.0(6)25$—0.0(6)30$ again by this monthly end & find support over it.
HUGE VOLUME INFLOW SINCE 2 weeks.
Weekly RSI almost about to breakout for the first time.
#CRIPTOHINDUSTAN #xen #XenCrypto #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip
I expect this to do some great 🆙 move this upcoming rally.
Black line was the major support zone which got broken hence it moved ⬇️ & on 1D almost find support around 0.0(6)1$
I added this last week & will hold for next t 2-4 months , Today 30% 🆙 ⬆️
Buy 🎯:- 0.0(6)1$
Profit & maximum 🎯 mentioned in 📊.
I expect this to reclaim Black line
0.0(6)25$—0.0(6)30$ again by this monthly end & find support over it.
HUGE VOLUME INFLOW SINCE 2 weeks.
Weekly RSI almost about to breakout for the first time.
#CRIPTOHINDUSTAN #xen #XenCrypto #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip
🎉 3,000,000 Users Playing BabyDoge Paws! 🎉
We're thrilled to announce that BabyDoge Paws has reached an incredible milestone with 3 million users!
Thank you for being part of our amazing community.
Keep playing and spreading the word!Stay tuned for more updates and exciting features!
#Babydogepaws #SOFR_Spike @babydogecoi #Mt_Gox_BTC_Dip
We're thrilled to announce that BabyDoge Paws has reached an incredible milestone with 3 million users!
Thank you for being part of our amazing community.
Keep playing and spreading the word!Stay tuned for more updates and exciting features!
#Babydogepaws #SOFR_Spike @babydogecoi #Mt_Gox_BTC_Dip
$BTC
The crypto market moves so fast.
Just 4 days ago, the Crypto Fear and Greed index was at 25, indicating extreme fear.
4 days later, it's sitting at 69, indicating greed.
It's crazy how a couple of green candles can totally change the crypto sentiment.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
The crypto market moves so fast.
Just 4 days ago, the Crypto Fear and Greed index was at 25, indicating extreme fear.
4 days later, it's sitting at 69, indicating greed.
It's crazy how a couple of green candles can totally change the crypto sentiment.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
🚨URGENT! MUST READ.🚨
~
🚨Bitcoin is about to DUMP.🚨
~
So before I start this post, I want to address the fact that this dump has nothing to do with Mt. Gox, this dump was inevitable to happen since we're too overbought on the daily.
~
1D: #BTC is currently getting rejected at the mid-range, which also aligns with the 0.618 fib level. Typically, after a down trend, sometimes we have a dead cat bounce where the price retraces to the 0.618 fib level before dumping again. In order to invalidate this, we need to flip the 72k level into support.
Also, as you guys can see, $BTC never retested the 20 EMA after we broke out of it, ever since losing it in early June. A retest will happen sooner or later.
The levels of the dump is marked in the 4H chart.
~
4H: Bitcoin has completed 5 waves up on the 4 hourly time frame and is on its way to do an ABC correction, I believe that the C wave bottom will be somewhere between the 0.618 & 0.5 Golden Fib zones. Which also aligns with the 20 EMA retest on the the daily.
I've drawn in yellow what I expect the ABC correction to look like.
~
If you want to know what the most bearish scenario can be, then I've also attached a 4H chart showing that, if we lose the July 8 low, we're in a technical target to 1.272 Fib level sitting at $51,450, & if we have a deeper retracement, then 1.618 Fib level sitting at $48,054
~
Thanks for reading, stay safe.🤝🏻
$BTC
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #SOFR_Spike #SOFR_Spike #BinanceTurns7
~
🚨Bitcoin is about to DUMP.🚨
~
So before I start this post, I want to address the fact that this dump has nothing to do with Mt. Gox, this dump was inevitable to happen since we're too overbought on the daily.
~
1D: #BTC is currently getting rejected at the mid-range, which also aligns with the 0.618 fib level. Typically, after a down trend, sometimes we have a dead cat bounce where the price retraces to the 0.618 fib level before dumping again. In order to invalidate this, we need to flip the 72k level into support.
Also, as you guys can see, $BTC never retested the 20 EMA after we broke out of it, ever since losing it in early June. A retest will happen sooner or later.
The levels of the dump is marked in the 4H chart.
~
4H: Bitcoin has completed 5 waves up on the 4 hourly time frame and is on its way to do an ABC correction, I believe that the C wave bottom will be somewhere between the 0.618 & 0.5 Golden Fib zones. Which also aligns with the 20 EMA retest on the the daily.
I've drawn in yellow what I expect the ABC correction to look like.
~
If you want to know what the most bearish scenario can be, then I've also attached a 4H chart showing that, if we lose the July 8 low, we're in a technical target to 1.272 Fib level sitting at $51,450, & if we have a deeper retracement, then 1.618 Fib level sitting at $48,054
~
Thanks for reading, stay safe.🤝🏻
$BTC
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #SOFR_Spike #SOFR_Spike #BinanceTurns7
Spot signal BTC
Entry between 64k to 66k
Target
1st : 85k
2nd : 98k
3rd : 105k
4rth : 120k
$BTC
#ETH_ETFs_Approval_Predictions #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
Entry between 64k to 66k
Target
1st : 85k
2nd : 98k
3rd : 105k
4rth : 120k
$BTC
#ETH_ETFs_Approval_Predictions #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
$BTC
What now?
BTC At first follow the plan, now we have a Cande close below the Important Level! After the New York Open all Futures went down which drag the BTC price too. We have Correlaton with US Futures!
If we can see Bounce from here and fast reclaim of 63850 this will be Bullish
Next Support Below is 63000!
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
What now?
BTC At first follow the plan, now we have a Cande close below the Important Level! After the New York Open all Futures went down which drag the BTC price too. We have Correlaton with US Futures!
If we can see Bounce from here and fast reclaim of 63850 this will be Bullish
Next Support Below is 63000!
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
$BTC continue it's Upward momentum and Soon it will again break it's strong resistance 65,477.
Based on the $BTC /USDT data, the current price is $64,738, showing a -1.13% decrease. The 24h high is $65,993.14, and the 24h low is $63,854.00, with volumes of 27,916.02 BTC and 1.81B USDT.
For long trades, an entry point near the 24h low ($63,854.00) is advisable, aiming for resistance around $65,993.14.
For short trades, consider entering around the 24h high ($65,993.14), targeting support at $63,854.00.
This approach leverages recent price movements and key support/resistance levels to provide potential profit opportunities for traders.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #BinanceTurns7 #SOFR_Spike
Based on the $BTC /USDT data, the current price is $64,738, showing a -1.13% decrease. The 24h high is $65,993.14, and the 24h low is $63,854.00, with volumes of 27,916.02 BTC and 1.81B USDT.
For long trades, an entry point near the 24h low ($63,854.00) is advisable, aiming for resistance around $65,993.14.
For short trades, consider entering around the 24h high ($65,993.14), targeting support at $63,854.00.
This approach leverages recent price movements and key support/resistance levels to provide potential profit opportunities for traders.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #BinanceTurns7 #SOFR_Spike
Binance Unveils Binance Account Bound Token (BABT) for On-Chain Identity Verification
Binance, the world’s leading cryptocurrency exchange, has launched the Binance Account Bound Token (BABT), addressing a significant challenge in the industry: on-chain identity verification.
Key Features of BABT:
- Purpose: The BABT is issued to users who successfully complete Binance’s Know-Your-Customer (KYC) process. This token serves as proof of KYC compliance.
- Utility: The BABT can be used across various cryptocurrency and decentralized finance (DeFi) platforms, including mixers.
- Characteristics: As a form of Soulbound Token (SBT) — a concept introduced by Ethereum’s Vitalik Buterin — BABTs are non-transferable. They cannot be exchanged between individuals or addresses and can be revoked by the issuer, though they can be reissued within 72 hours if needed.
Binance’s initiative aims to enhance collaboration with regulators to enforce KYC/AML (anti-money laundering) standards while leveraging blockchain technology to do so.
Criticisms and Concerns:
- Feasibility: Some critics question the practicality of BABTs. James McCall highlighted concerns about the assumption that blockchain addresses are unique to individuals and not subject to sharing or compromise. He suggests that this could lead to a market for these accounts.
- Regulatory Challenges: Zack Burks, founder of Mintable, cited potential issues related to FAFT and AML requirements, jurisdictional differences, and the risk of private keys or wallets being sold. He argues that while the BABT is an innovative concept, it may face challenges in broader adoption due to regulatory and practical hurdles.
Future Outlook:
Other companies may be observing Binance’s implementation to gauge its effectiveness and potential for integrating DeFi protocols with centralized platforms.
This summary presents the key points of Binance’s new BABT initiative, including its intended benefits, features, and the criticisms it faces.
#Mt_Gox_BTC_Dip #MtGoxJulyRepayments #US_Job_Market_Slowdown #SOFR_Spike
Binance, the world’s leading cryptocurrency exchange, has launched the Binance Account Bound Token (BABT), addressing a significant challenge in the industry: on-chain identity verification.
Key Features of BABT:
- Purpose: The BABT is issued to users who successfully complete Binance’s Know-Your-Customer (KYC) process. This token serves as proof of KYC compliance.
- Utility: The BABT can be used across various cryptocurrency and decentralized finance (DeFi) platforms, including mixers.
- Characteristics: As a form of Soulbound Token (SBT) — a concept introduced by Ethereum’s Vitalik Buterin — BABTs are non-transferable. They cannot be exchanged between individuals or addresses and can be revoked by the issuer, though they can be reissued within 72 hours if needed.
Binance’s initiative aims to enhance collaboration with regulators to enforce KYC/AML (anti-money laundering) standards while leveraging blockchain technology to do so.
Criticisms and Concerns:
- Feasibility: Some critics question the practicality of BABTs. James McCall highlighted concerns about the assumption that blockchain addresses are unique to individuals and not subject to sharing or compromise. He suggests that this could lead to a market for these accounts.
- Regulatory Challenges: Zack Burks, founder of Mintable, cited potential issues related to FAFT and AML requirements, jurisdictional differences, and the risk of private keys or wallets being sold. He argues that while the BABT is an innovative concept, it may face challenges in broader adoption due to regulatory and practical hurdles.
Future Outlook:
Other companies may be observing Binance’s implementation to gauge its effectiveness and potential for integrating DeFi protocols with centralized platforms.
This summary presents the key points of Binance’s new BABT initiative, including its intended benefits, features, and the criticisms it faces.
#Mt_Gox_BTC_Dip #MtGoxJulyRepayments #US_Job_Market_Slowdown #SOFR_Spike
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceHODLerBANANA #IntroToCopytrading #BinanceTurns7
Is your wallet $0:00 I will help you get $33,400 in 72hrs but you will give me 10% commission after receiving the pay just ask me how. Or dm Yes on telegram @vheybhie21
Is your wallet $0:00 I will help you get $33,400 in 72hrs but you will give me 10% commission after receiving the pay just ask me how. Or dm Yes on telegram @vheybhie21