With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
With the new year approaching, where do you think Bitcoin will go next? Drop your prediction for this week's $BTC closing price in the comments of this post 👇 🎁The top 3 closest predictions will win 300 USDC, 150 USDC, and 50 USDC. Jump in and share your prediction now! *Campaign Period: 2024-12-30 07:00 to 2025-01-05 20:00 (UTC) ‼️Ensure you have updated your app to at least version 2.92. Also, make sure the "Also Repost" box is checked when replying to be eligible for entry.
Terms and Conditions: This campaign may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the campaign period eriod. Ensure the "Also Repost" box is checked when replying, or your comment won't count as a valid entry.To ensure fairness, entries closed at 2025-01-05 20:00 UTC. The campaign's outcome will be based on the BTCUSDT price at 2025-01-05 23:59:59 UTC.If users made multiple comments, only the first comment will be considered as an eligible entry. Deleted comments are not eligible for rewards.In case of identical predictions, the earliest comment will be prioritized.Winners will be announced in the comments section of this post within 7 working days after the campaign ends and notified via a push notification under Creator Center > Square Assistant. Rewards will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this post and the original English version, the English version of this post shall prevail.Additional promotion terms and conditions can be accessed here.
#BitwiseBitcoinETF The hashtag #BitwiseBitcoinETF likely refers to the efforts by Bitwise Asset Management to launch a Bitcoin Exchange-Traded Fund (ETF). Bitwise is a prominent player in the cryptocurrency and asset management space, and its Bitcoin ETF aims to provide investors with exposure to Bitcoin through a regulated and simplified financial product.
Why is this important?
1. Mainstream Adoption: A Bitcoin ETF simplifies access to Bitcoin for traditional investors by eliminating the need for them to directly buy, store, or manage Bitcoin.
2. Market Validation: Approval of such ETFs by regulators like the U.S. SEC often signals growing acceptance of cryptocurrencies in traditional financial markets.
3. Reduced Risk: ETFs are regulated and provide a more secure alternative to directly owning Bitcoin.
$BNB BNB (Binance Coin) is Binance Exchange's own cryptocurrency. It was originally built on the Ethereum network but currently runs on Binance Chain, Binance's own blockchain.
Reasons for BNB price increase:
1. Popularity of Binance Exchange: Binance is one of the largest crypto exchanges in the world. As its activity increases, so does the demand for BNB.
2. Binance Smart Chain (BSC): The use of Binance Smart Chain in the DeFi (Decentralized Finance) and NFT sectors is growing rapidly. This is one of the major reasons why BNB prices have increased.
3. Use in gas fee payment: Binance Smart Chain uses BNB as transaction gas fee, which increases demand.
4. Buyback and burn process: Binance regularly burns (removes forever) BNB, which reduces supply and helps drive up prices.
5. Utility: BNB is not only for trading fee discount on Binance platform; It is used in DeFi, payments, and other fields.
6. Overall Rise in Crypto Markets: Rising prices of major cryptocurrencies like Bitcoin also affect the prices of other tokens including BNB.
Risk Factors: Although BNB is a strong cryptocurrency, its price may fluctuate due to various factors, such as market volatility, regulatory changes, and any impact on Binance exchange operations.
The future price of BNB will depend on the growing influence of Binance and its use in the blockchain ecosystem. But it is important to research well before investing.