LIVECryptos Headlines
@CryptosHeadlines
CryptosHeadlines.com is a crypto news aggregator. you can find the latest trusted news from around the world only on CryptosHeadlines.com
Følger
Følgere
Synes godt om
Delt
Here’s Why the Crypto Market is Falling
It appears that the cryptocurrency market is poised for a massive price drop and may crash in the coming hours, following the escalated tension between Iran and Israel.
During the opening bell of the US stock market, Barak Ravid, a political reporter shared a post on X (previously Twitter) that Iran is preparing to imminently launch a ballistic missile attack against Israel.
Escalating Tensions Between Iran and Israel
Barak noted that “Senior White House Official tells me: ‘The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel.’”
However, this post went viral like wildfire as it gained significant attention from crypto enthusiasts and has gained 1.2 million views in just a few hours.
Crypto Market Begins to Decline
At press time, the overall cryptocurrency market began falling, while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) have experienced price declines of over 2.5%, 3.5%, 4.6%, and 3.2%, respectively, over the past 24 hours.
The majority of the price decline occurred following the news of the ballistic missile attack on Israel.
Traders Liquidated $351.21 Million
Following this news, traders have liquidated a significant $351.21 million, according to data from on-chain analytics firm Coinglass.
However, the single largest liquidation occurred on Binance, the world’s biggest cryptocurrency exchange, involving a BTC/USDT pair worth $12.37 million.
Amid this liquidation, the majority of liquidation happened in the past four hours, with bulls facing the hardest hit during this price decline.
While analyzing total Bitcoin (BTC) liquidations in the past four hours, bulls have liquidated $50 million worth of long positions, while bears have faced $3.15 million of liquidations during the same period.
#BinanceLaunchpoolHMSTR #EIGENonBinance BTCUptober BTCPredictedNewATH #BTCReboundsAfterFOMC $BTC $ETH $BNB
It appears that the cryptocurrency market is poised for a massive price drop and may crash in the coming hours, following the escalated tension between Iran and Israel.
During the opening bell of the US stock market, Barak Ravid, a political reporter shared a post on X (previously Twitter) that Iran is preparing to imminently launch a ballistic missile attack against Israel.
Escalating Tensions Between Iran and Israel
Barak noted that “Senior White House Official tells me: ‘The United States has indications that Iran is preparing to imminently launch a ballistic missile attack against Israel.’”
However, this post went viral like wildfire as it gained significant attention from crypto enthusiasts and has gained 1.2 million views in just a few hours.
Crypto Market Begins to Decline
At press time, the overall cryptocurrency market began falling, while major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) have experienced price declines of over 2.5%, 3.5%, 4.6%, and 3.2%, respectively, over the past 24 hours.
The majority of the price decline occurred following the news of the ballistic missile attack on Israel.
Traders Liquidated $351.21 Million
Following this news, traders have liquidated a significant $351.21 million, according to data from on-chain analytics firm Coinglass.
However, the single largest liquidation occurred on Binance, the world’s biggest cryptocurrency exchange, involving a BTC/USDT pair worth $12.37 million.
Amid this liquidation, the majority of liquidation happened in the past four hours, with bulls facing the hardest hit during this price decline.
While analyzing total Bitcoin (BTC) liquidations in the past four hours, bulls have liquidated $50 million worth of long positions, while bears have faced $3.15 million of liquidations during the same period.
#BinanceLaunchpoolHMSTR #EIGENonBinance BTCUptober BTCPredictedNewATH #BTCReboundsAfterFOMC $BTC $ETH $BNB
Analysts Tip SUI to Rival Solana
Layer-1 blockchain Sui (SUI) has been tipped as an incredible force to reckon with after showing resilience in the face of the recent market downturn.
According to our market analysis, Sui has made a massive statement with a 36% surge in the last seven days and a 70% surge in the last 30 days.
At press time, the asset was trading at $1.44, and its 24-hour trading volume was up by 28%.
Speaking on the asset, Real Vision CEO Raoul Pal disclosed to his million X followers that Sui’s future trajectory appears bullish, as confirmed by market signals, growing adoption, and technological upgrades.
Throwing light on this, Pal pointed out that the asset has broken the downtrend vs Solana (SOL) and all the top 20 tokens.
In addition to that, its Relative Strength Index validates any form of bullish thesis with the asset “acting like it would be one of the key Chosen Ones of the major new chains, if not THE Chosen One.”
From the technological perspective, Pal believes that the recent Mysticeti upgrade has led to a jaw-dropping finality that is under a second.
Interestingly, this makes it the “fastest of all chains.” Pal also cited the upcoming Pilotfish as another upgrade that could transform the network and position it above competitors.
According to our research, the Pilotfish has been designed to scale transactions per second (TPS) even above that of Solana Firedancer.
This, coupled with the recent decision of Circle to issue stablecoin (USDC) on the platform, could be “another good step” towards outpacing competitors, Pal said.
But what are Sui/Mysten Labs trying to achieve? Basically, they are trying to rebuild the internet, brick by brick for Web3. It is built to scale to Facebook/Meta size use cases (3 billion-plus) from zero-knowledge (ZK) logins to the coming Walrus decentralized storage protocol.
#SUI #SuiNetwork #Solana #Altcoins #BinanceLaunchpoolHMSTR $SUI $SOL $BTC
Layer-1 blockchain Sui (SUI) has been tipped as an incredible force to reckon with after showing resilience in the face of the recent market downturn.
According to our market analysis, Sui has made a massive statement with a 36% surge in the last seven days and a 70% surge in the last 30 days.
At press time, the asset was trading at $1.44, and its 24-hour trading volume was up by 28%.
Speaking on the asset, Real Vision CEO Raoul Pal disclosed to his million X followers that Sui’s future trajectory appears bullish, as confirmed by market signals, growing adoption, and technological upgrades.
Throwing light on this, Pal pointed out that the asset has broken the downtrend vs Solana (SOL) and all the top 20 tokens.
In addition to that, its Relative Strength Index validates any form of bullish thesis with the asset “acting like it would be one of the key Chosen Ones of the major new chains, if not THE Chosen One.”
From the technological perspective, Pal believes that the recent Mysticeti upgrade has led to a jaw-dropping finality that is under a second.
Interestingly, this makes it the “fastest of all chains.” Pal also cited the upcoming Pilotfish as another upgrade that could transform the network and position it above competitors.
According to our research, the Pilotfish has been designed to scale transactions per second (TPS) even above that of Solana Firedancer.
This, coupled with the recent decision of Circle to issue stablecoin (USDC) on the platform, could be “another good step” towards outpacing competitors, Pal said.
But what are Sui/Mysten Labs trying to achieve? Basically, they are trying to rebuild the internet, brick by brick for Web3. It is built to scale to Facebook/Meta size use cases (3 billion-plus) from zero-knowledge (ZK) logins to the coming Walrus decentralized storage protocol.
#SUI #SuiNetwork #Solana #Altcoins #BinanceLaunchpoolHMSTR $SUI $SOL $BTC
Bearish Pressure Can’t Stop VET From Targeting $2
Despite bearish pressure weighing down on VeChain, analysts are still holding out hope that VET could face a massive surge to target an increase in a price as high as $2.
The token has certainly struggled throughout 2024. Yet, that could be coming to an end with October looking to turn things around for a host of tokens.
With ‘Uptober’ almost upon the market, there is a plethora of expectations for different cryptos.
As with all price movement, a lot of that depends on Bitcoin. There are many who believe the coming month could have BTC eyeing a return to $70,000. That could have a massive impact on the market as a whole, as well as VeChain.
VeChain Looks to Push Through Bears as VET Could Be In Line for October Surge
Like many cryptocurrencies in the last several months, VeChain has struggled. Over the last 30 days, the token has fallen more than 8%, according to CoinMarketCap.
Yet, it has enjoyed a notable turnaround. In the last seven days, it is up more than 14%, currently trading near the $0.024 mark.
There are many analysts who expect VeChain to successfully navigate bearish pressure, and allow the surge to carry VET as high as $2. The asset is currently down 91% from its all-time high of $0.28, with the market projecting that landmark figure to be a thing of the past.
Crypto analyst EGRAG took to X (formerly Twitter) to discuss their high hopes for VeChain. Specifically, they forecasted a massive move based on the Elliot Wave Theory. This identifies corrective wave patterns that could drive VET to notable highs.
With Elliot Wave categorized by five sub-waves, EGRAG notes that VET is preparing to enter an impulsive Wave Three phase.
This projection hints that Wave Four could bring about a correction before an explosive rally capitalizes on Wave Five.
For the analyst, these moves could have VET targeting $1 in the short term, with a $2 top-end projection.
#VET #Vechain #Altcoins #CryptoNews #BinanceLaunchpoolHMSTR $VET $VTHO $BTC
Despite bearish pressure weighing down on VeChain, analysts are still holding out hope that VET could face a massive surge to target an increase in a price as high as $2.
The token has certainly struggled throughout 2024. Yet, that could be coming to an end with October looking to turn things around for a host of tokens.
With ‘Uptober’ almost upon the market, there is a plethora of expectations for different cryptos.
As with all price movement, a lot of that depends on Bitcoin. There are many who believe the coming month could have BTC eyeing a return to $70,000. That could have a massive impact on the market as a whole, as well as VeChain.
VeChain Looks to Push Through Bears as VET Could Be In Line for October Surge
Like many cryptocurrencies in the last several months, VeChain has struggled. Over the last 30 days, the token has fallen more than 8%, according to CoinMarketCap.
Yet, it has enjoyed a notable turnaround. In the last seven days, it is up more than 14%, currently trading near the $0.024 mark.
There are many analysts who expect VeChain to successfully navigate bearish pressure, and allow the surge to carry VET as high as $2. The asset is currently down 91% from its all-time high of $0.28, with the market projecting that landmark figure to be a thing of the past.
Crypto analyst EGRAG took to X (formerly Twitter) to discuss their high hopes for VeChain. Specifically, they forecasted a massive move based on the Elliot Wave Theory. This identifies corrective wave patterns that could drive VET to notable highs.
With Elliot Wave categorized by five sub-waves, EGRAG notes that VET is preparing to enter an impulsive Wave Three phase.
This projection hints that Wave Four could bring about a correction before an explosive rally capitalizes on Wave Five.
For the analyst, these moves could have VET targeting $1 in the short term, with a $2 top-end projection.
#VET #Vechain #Altcoins #CryptoNews #BinanceLaunchpoolHMSTR $VET $VTHO $BTC
Bitcoin’s long-term holders set record high – What it means for BTC
Bitcoin [BTC] continued to demonstrate strength as the crypto market rebounded after a six-month downturn.
Long-term holders’ actions are crucial for BTC traders, offering insights into trade timing.
Over the last two months, long-term holders have accumulated more BTC, marking the highest accumulation period in the last three years.
Additionally, these investors, along with new entrants, have collectively purchased over 1 million BTC since from the year 2022.
This aggressive buying behavior signals strong confidence in Bitcoin’s future. Some of the earliest Bitcoin mining addresses have recently become active, further increasing the long-term supply of BTC.
MicroStrategy (MSTR) leads top 10 performing stocks in the S&P 500, continues to support Bitcoin with gains of over 1000% since adopting its BTC strategy.
Recently, MSTR issued $1 billion in convertible debt at a low 0.625% interest rate to redeem $500 million of senior secured notes with a 6.125% rate to fund the purchase of Bitcoins.
This move reduced its blended interest rate to 0.81% from 1.6%, lowering annual interest expenses.
Remarkably, this debt offering also strengthens MicroStrategy’s balance sheet, allowing it to potentially acquire more Bitcoin in the future, even if BTC prices fall.
The ongoing acquisitions by major institutions like MSTR position Bitcoin for future growth.
Bitcoin 3-day MACD crossed bullish
Moreover, BTC’s 3-day MACD has crossed into bullish territory, signaling continued strength as BTC trades above $63K.
With expectations of breaking the $65,000 level soon, Bitcoin is showing resilience and a growing trend of reclaiming the 100-day moving average.
This upward momentum suggested that being bearish on BTC at this time may be risky, especially as Bitcoin appears poised to reach new highs.
#Bitcoin #BTC #CryptoNews #Altcoins #BinanceLaunchpoolHMSTR $BTC $ETH $BNB
Bitcoin [BTC] continued to demonstrate strength as the crypto market rebounded after a six-month downturn.
Long-term holders’ actions are crucial for BTC traders, offering insights into trade timing.
Over the last two months, long-term holders have accumulated more BTC, marking the highest accumulation period in the last three years.
Additionally, these investors, along with new entrants, have collectively purchased over 1 million BTC since from the year 2022.
This aggressive buying behavior signals strong confidence in Bitcoin’s future. Some of the earliest Bitcoin mining addresses have recently become active, further increasing the long-term supply of BTC.
MicroStrategy (MSTR) leads top 10 performing stocks in the S&P 500, continues to support Bitcoin with gains of over 1000% since adopting its BTC strategy.
Recently, MSTR issued $1 billion in convertible debt at a low 0.625% interest rate to redeem $500 million of senior secured notes with a 6.125% rate to fund the purchase of Bitcoins.
This move reduced its blended interest rate to 0.81% from 1.6%, lowering annual interest expenses.
Remarkably, this debt offering also strengthens MicroStrategy’s balance sheet, allowing it to potentially acquire more Bitcoin in the future, even if BTC prices fall.
The ongoing acquisitions by major institutions like MSTR position Bitcoin for future growth.
Bitcoin 3-day MACD crossed bullish
Moreover, BTC’s 3-day MACD has crossed into bullish territory, signaling continued strength as BTC trades above $63K.
With expectations of breaking the $65,000 level soon, Bitcoin is showing resilience and a growing trend of reclaiming the 100-day moving average.
This upward momentum suggested that being bearish on BTC at this time may be risky, especially as Bitcoin appears poised to reach new highs.
#Bitcoin #BTC #CryptoNews #Altcoins #BinanceLaunchpoolHMSTR $BTC $ETH $BNB
Cardano Now Interoperable With Bitcoin, Here’s How
All networks are keen on attaining interoperability, which is crucial to their growth. In this light, Bitcoin developer and FluidTokens CTO elraulito took to X to announce the latest breakthrough in blockchain interoperability.
He revealed a seamless Plutus V3-based smart contract bridge between Bitcoin (BTC) and Cardano (ADA) applications.
Cardano-Bitcoin Bridge Comes With Multiple Features
This bridge will allow Bitcoin users to send ADA, manage, or stake them on any Cardano pool without additional software or wallet. elraulito further explained that the smart contract was built using tools and protocols.
It leverages a Cardano smart contract language known as Aiken and CIP69, which enhances the address’s programmability.
In addition, the smart contract has a multi-validator responsible for facilitating transactions, delegations, and reward withdrawals.
MeshJS manages off-chain transactions. The bridge employs Mesh, an open-source library that supports Web3 app development. This currently offers one of the few Plutus V3-compatible implementations.
The developer is confident that these capabilities may extend to the Ethereum Virtual Machine (EVM) chain, further broadening Cardano’s functionality.
Cardano Founder And Community Reacts to Interoperability Innovation
Charles Hoskinson, Cardano founder, expressed surprise at the innovation and its capacity to usher in a new phase of cross-chain connectivity.
It also generated questions from the crypto community on X, with most of them showing interest in understanding the mechanics and applications of the new bridge. Another set was more interested in the validation process.
Hoskinson is a core advocate for sound technology and is likely impressed by the latest developments. His interest and commitment are evident in his dedication to positioning the Cardano protocol for long-term success.
#Cardano #ADA #Altcoins #BinanceLaunchpoolHMSTR #CATIonBinance $BTC $ETH $ADA
All networks are keen on attaining interoperability, which is crucial to their growth. In this light, Bitcoin developer and FluidTokens CTO elraulito took to X to announce the latest breakthrough in blockchain interoperability.
He revealed a seamless Plutus V3-based smart contract bridge between Bitcoin (BTC) and Cardano (ADA) applications.
Cardano-Bitcoin Bridge Comes With Multiple Features
This bridge will allow Bitcoin users to send ADA, manage, or stake them on any Cardano pool without additional software or wallet. elraulito further explained that the smart contract was built using tools and protocols.
It leverages a Cardano smart contract language known as Aiken and CIP69, which enhances the address’s programmability.
In addition, the smart contract has a multi-validator responsible for facilitating transactions, delegations, and reward withdrawals.
MeshJS manages off-chain transactions. The bridge employs Mesh, an open-source library that supports Web3 app development. This currently offers one of the few Plutus V3-compatible implementations.
The developer is confident that these capabilities may extend to the Ethereum Virtual Machine (EVM) chain, further broadening Cardano’s functionality.
Cardano Founder And Community Reacts to Interoperability Innovation
Charles Hoskinson, Cardano founder, expressed surprise at the innovation and its capacity to usher in a new phase of cross-chain connectivity.
It also generated questions from the crypto community on X, with most of them showing interest in understanding the mechanics and applications of the new bridge. Another set was more interested in the validation process.
Hoskinson is a core advocate for sound technology and is likely impressed by the latest developments. His interest and commitment are evident in his dedication to positioning the Cardano protocol for long-term success.
#Cardano #ADA #Altcoins #BinanceLaunchpoolHMSTR #CATIonBinance $BTC $ETH $ADA
Ethereum Bullish Surge Faces Headwinds from Foundation Sell-Offs
Ethereum Bullish Surge Faces Headwinds from Foundation Sell-Offs
Ethereum Foundation sold 1,050 ETH in September, totaling $2.53M, amid price recovery.
Ethereum’s trading volume surged 59.85% to $17.35B, indicating heightened market activity.
Key sUpport at $2,593 held; resistance at $2,675 remains crucial for potential price movement.
The Ethereum Foundation recently sold 100 ETH for $2,645, based on information from PANews. With this sale, the Foundation has now sold 1,050 ETH in total in September.
The prices at which the transactions were completed ranged from $2,301 to $2,645.
Notably, this plan proposes a methodical way to control Ethereum’s price fluctuations. As of time of writing this article, Ethereum is trading at $2,651.16, up 2.23% on the last day. The market’s response to these sales is significant.
Strategic Sales During Market Recovery
Consequently, the timing of the Foundation seems deliberate. The recent sales took place as Ethereum’s price started to rise. This implies that there may have been an effort to profit from the upward trend.
Additionally, sales took place as Ethereum recovered from a support level close to $2,593, a crucial price range for investors. Bullish momentum has been created by this rebound. It caused the price to spike momentarily to a local high of $2,675, after which it slightly dropped to its current level.
Besides, the daily trading volume of Ethereum reached $17.35 billion, a 59.85% increase. This spike, which was probably caused by the Foundation’s sales, denotes increased market activity. It appears that investors are responding to the market’s increased supply of ETH.
Moreover, the spike in volume indicates a notable increase in market interest, which could fuel additional volatility. In the short term, the increased trading activity may lead to unpredictable price movements.
#Ethereum #ETH #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC
Ethereum Foundation sold 1,050 ETH in September, totaling $2.53M, amid price recovery.
Ethereum’s trading volume surged 59.85% to $17.35B, indicating heightened market activity.
Key sUpport at $2,593 held; resistance at $2,675 remains crucial for potential price movement.
The Ethereum Foundation recently sold 100 ETH for $2,645, based on information from PANews. With this sale, the Foundation has now sold 1,050 ETH in total in September.
The prices at which the transactions were completed ranged from $2,301 to $2,645.
Notably, this plan proposes a methodical way to control Ethereum’s price fluctuations. As of time of writing this article, Ethereum is trading at $2,651.16, up 2.23% on the last day. The market’s response to these sales is significant.
Strategic Sales During Market Recovery
Consequently, the timing of the Foundation seems deliberate. The recent sales took place as Ethereum’s price started to rise. This implies that there may have been an effort to profit from the upward trend.
Additionally, sales took place as Ethereum recovered from a support level close to $2,593, a crucial price range for investors. Bullish momentum has been created by this rebound. It caused the price to spike momentarily to a local high of $2,675, after which it slightly dropped to its current level.
Besides, the daily trading volume of Ethereum reached $17.35 billion, a 59.85% increase. This spike, which was probably caused by the Foundation’s sales, denotes increased market activity. It appears that investors are responding to the market’s increased supply of ETH.
Moreover, the spike in volume indicates a notable increase in market interest, which could fuel additional volatility. In the short term, the increased trading activity may lead to unpredictable price movements.
#Ethereum #ETH #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC
Ethereum Bullish Surge Faces Headwinds from Foundation Sell-Offs
Ethereum Foundation sold 1,050 ETH in September, totaling $2.53M, amid price recovery.
Ethereum’s trading volume surged 59.85% to $17.35B, indicating heightened market activity.
Key support at $2,593 held; resistance at $2,675 remains crucial for potential price movement.
The Ethereum Foundation recently sold 100 ETH for $2,645, based on information from PANews. With this sale, the Foundation has now sold 1,050 ETH in total in September.
The prices at which the transactions were completed ranged from $2,301 to $2,645.
Notably, this plan proposes a methodical way to control Ethereum’s price fluctuations. As of time of writing this article, Ethereum is trading at $2,651.16, up 2.23% on the last day. The market’s response to these sales is significant.
Strategic Sales During Market Recovery
Consequently, the timing of the Foundation seems deliberate. The recent sales took place as Ethereum’s price started to rise. This implies that there may have been an effort to profit from the upward trend.
Additionally, sales took place as Ethereum recovered from a support level close to $2,593, a crucial price range for investors. Bullish momentum has been created by this rebound. It caused the price to spike momentarily to a local high of $2,675, after which it slightly dropped to its current level.
Besides, the daily trading volume of Ethereum reached $17.35 billion, a 59.85% increase. This spike, which was probably caused by the Foundation’s sales, denotes increased market activity. It appears that investors are responding to the market’s increased supply of ETH.
Moreover, the spike in volume indicates a notable increase in market interest, which could fuel additional volatility. In the short term, the increased trading activity may lead to unpredictable price movements.
#Ethereum #ETH #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC
Ethereum Foundation sold 1,050 ETH in September, totaling $2.53M, amid price recovery.
Ethereum’s trading volume surged 59.85% to $17.35B, indicating heightened market activity.
Key support at $2,593 held; resistance at $2,675 remains crucial for potential price movement.
The Ethereum Foundation recently sold 100 ETH for $2,645, based on information from PANews. With this sale, the Foundation has now sold 1,050 ETH in total in September.
The prices at which the transactions were completed ranged from $2,301 to $2,645.
Notably, this plan proposes a methodical way to control Ethereum’s price fluctuations. As of time of writing this article, Ethereum is trading at $2,651.16, up 2.23% on the last day. The market’s response to these sales is significant.
Strategic Sales During Market Recovery
Consequently, the timing of the Foundation seems deliberate. The recent sales took place as Ethereum’s price started to rise. This implies that there may have been an effort to profit from the upward trend.
Additionally, sales took place as Ethereum recovered from a support level close to $2,593, a crucial price range for investors. Bullish momentum has been created by this rebound. It caused the price to spike momentarily to a local high of $2,675, after which it slightly dropped to its current level.
Besides, the daily trading volume of Ethereum reached $17.35 billion, a 59.85% increase. This spike, which was probably caused by the Foundation’s sales, denotes increased market activity. It appears that investors are responding to the market’s increased supply of ETH.
Moreover, the spike in volume indicates a notable increase in market interest, which could fuel additional volatility. In the short term, the increased trading activity may lead to unpredictable price movements.
#Ethereum #ETH #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC
Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen
Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (“Pluto Studio”), the GameFi publishing platform that launched Catizen.
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in today’s Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital ‘Meowverse’, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.
“Binance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (“Pluto Studio”), the GameFi publishing platform that launched Catizen.
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in today’s Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital ‘Meowverse’, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.
“Binance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
Binance Labs invests in Pluto Studio, the publishing platform of Telegram-based Web3 game Catizen
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (“Pluto Studio”), the GameFi publishing platform that launched Catizen.
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in today’s Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital ‘Meowverse’, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.
“Binance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
Binance Labs, the venture capital and incubation arm of Binance, has led an investment round for Pluto Studio Limited (“Pluto Studio”), the GameFi publishing platform that launched Catizen.
Pluto Studio made waves in March this year with the launch of its flagship project, Catizen, a groundbreaking gaming bot on Telegram that seamlessly integrates Telegram with the TON blockchain. Catizen leverages Telegram's vast user base to cut through the noise in today’s Web3 attention economy, and aims to introduce Web3 to a broader audience through interactive mini-games and mobile payment options.
In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally. The game has also dominated the TON blockchain ecosystem, securing the top application spot for three consecutive seasons of The Open League, an incentive program for TON users, teams, and traders hosted by the TON Foundation.
Set in the open digital ‘Meowverse’, Catizen immerses players in a cat-themed world where digital cats serve as credentials for accessing the Launchpool. Players engage in Catizen activities to earn airdrops via its unique play-to-airdrop model, supported by user-friendly interfaces for intuitive interaction. Players can also enhance their cats by merging them to climb leaderboards, potentially yielding higher returns.
Pluto Studio will use this new funding to fuel growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.
“Binance Labs is always excited about supporting projects like Pluto Studio that have the potential to onboard billions of users into Web3.
#Binance #catizen #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $BTC $ETH $BNB
SEC Claims ‘Crypto Asset Security’ Term Was Only Shorthand
The U.S. Securities and Exchange Commission (SEC) has stated that it used the term ‘crypto asset security’ as a linguistic shortcut and not as a specific identification of any particular token as a security.
The clarification came as a footnote within the agency’s proposed amended complaint against Binance about the latter’s sale of these assets and the broader set of contracts and understandings related to these sales.
The SEC pointed out that it apologizes for any inconvenience that may have been caused and that it shall not use the term in the future. It has attracted much criticism from the major players in the cryptocurrency industry, especially the SEC’s credibility.
The agency pointed to its position in the Telegram case but said its language might have confused. SEC’s decision has created more doubts regarding the SEC’s approach toward digital assets, with many people citing inconsistencies in previous statements.
SEC’s Shifting Crypto Terminology Sparks Backlash
The SEC’s effort to explain its stance further has attracted a lot of backlash from significant players in the crypto space. In its motion to dismiss, Coinbase’s Chief Legal Officer, Paul Grewal, noted that the SEC had once described XRP as a cryptocurrency in its complaint against Ripple Ltd.
This statement contrasts with the current position of the SEC, which stated that “crypto asset security” was not intended to classify each token as a security. Also, Ripple’s Chief Legal Officer Stuart Alderoty complained that the agency has been taking contradictory stances.
The SEC’s problem was to prove that some of these digital assets fall under the Howey test to determine that an investment contract is a security. Galaxy Digital’s CEO said that the SEC’s changing language erodes its authority in regulating the crypto market.
#SEC #XRP #Ripple #CryptoNews #BinanceLaunchpoolCATI $XRP $BTC $BNB
The U.S. Securities and Exchange Commission (SEC) has stated that it used the term ‘crypto asset security’ as a linguistic shortcut and not as a specific identification of any particular token as a security.
The clarification came as a footnote within the agency’s proposed amended complaint against Binance about the latter’s sale of these assets and the broader set of contracts and understandings related to these sales.
The SEC pointed out that it apologizes for any inconvenience that may have been caused and that it shall not use the term in the future. It has attracted much criticism from the major players in the cryptocurrency industry, especially the SEC’s credibility.
The agency pointed to its position in the Telegram case but said its language might have confused. SEC’s decision has created more doubts regarding the SEC’s approach toward digital assets, with many people citing inconsistencies in previous statements.
SEC’s Shifting Crypto Terminology Sparks Backlash
The SEC’s effort to explain its stance further has attracted a lot of backlash from significant players in the crypto space. In its motion to dismiss, Coinbase’s Chief Legal Officer, Paul Grewal, noted that the SEC had once described XRP as a cryptocurrency in its complaint against Ripple Ltd.
This statement contrasts with the current position of the SEC, which stated that “crypto asset security” was not intended to classify each token as a security. Also, Ripple’s Chief Legal Officer Stuart Alderoty complained that the agency has been taking contradictory stances.
The SEC’s problem was to prove that some of these digital assets fall under the Howey test to determine that an investment contract is a security. Galaxy Digital’s CEO said that the SEC’s changing language erodes its authority in regulating the crypto market.
#SEC #XRP #Ripple #CryptoNews #BinanceLaunchpoolCATI $XRP $BTC $BNB
dogwifhat (WIF) Price Prediction 2024, 2025, 2026-2030
#DogWifhat #WIF #Memecoins #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR $WIF $DOGS $BTC
#DogWifhat #WIF #Memecoins #BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR $WIF $DOGS $BTC
Although Volatility has Peaked, the XRP Price Rally is Expected to Remain Stable–Here’s Why!
Although Volatility has Peaked, the XRP Price Rally is Expected to Remain Stable–Here’s Why!
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past week’s trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past week’s trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
Although Volatility has Peaked, the XRP Price Rally is Expected to Remain Stable–Here’s Why!
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past week’s trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
XRP price has been displaying immense strength by holding the lower support levels firmly in case of an extended bearish action.
With the beginning of bearish September, it was expected that the price may break below the lower support but the past week’s trade revived bullish hopes and the possibility of reaching $0.65 if the upcoming weekly trade turns in favour of the bulls.
Having said that, is this a good time to accumulate XRP?
Will the XRP price reach $1 before the end of 2024?
The XRP price volatility has been peaking nowadays by reaching levels above 1 and also plunging below 0.5 in less than a month.
This may suggest a huge impact on the value of the token, but in reality, the price is expected to remain consolidated within a narrow range as the retail traders do not appear to be keen on accumulating XRP.
The addresses holding above 1M XRP and 100K XRP have been constantly rising, suggesting a constant accumulation by the whales. The address count holding 1M XRP has been raised from close to 2000 in March to above 2200.
While the address count holding 100K XRP has surged from 32,500 to 33,500 at the same time. Interestingly, the active address count, which indicates the number of addresses interacting with the platform, has remained within a consolidated range while the supply active ever has been witnessing a steep drop.
The supply active ever is the number of addresses that have been interacting with the platform at least once in the given stipulated time, or it can be termed a unique address count.
This usually suggests an interest of the market participants in the token, which has been constantly dropping since February 2024. Does this imply that the XRP price may not reach $1 in 2024?
#XRP #Ripple #SEC #Altcoins #CryptoNews $XRP $BTC $ETH
Bitcoin Once this level is broken, the rise will accelerate, and altcoins will surge.
#BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #GrayscaleXRPTrust #DOGSONBINANCE
#BinanceLaunchpoolCATI #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #GrayscaleXRPTrust #DOGSONBINANCE
Bitcoin Price Faces Potential Decline as Key BTC Metrics Signal Warning
🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐
Bitcoin’s price trends have captured the attention of market analysts as it teeters around a critical threshold. According to Ali Martinez, a crypto analyst, historically when Bitcoin falls below the Realized Price-to-Liveliness Ratio, set at $51,600, further price declines often follow.
This drop can push Bitcoin down to its Realized Price, which stands at $31,500. With Bitcoin’s at press time priced at $54,414.30, and a minor 0.27% increase in the last 24 hours, the market is closely watching its next move.
Bitcoin’s Market Performance and Key Metrics
As per DefiLlama data Bitcoin’s trading activity has remained steady, with a 24-hour volume of $16.6 billion. The total value locked (TVL) within the Bitcoin ecosystem stands at $483.58 million, reflecting the capital invested across its decentralized landscape.
Over the past 24 hours, Bitcoin has generated $408,744 in network fees and processed a trading volume of $5,482. These figures, coupled with 666,660 active addresses, showcase the extensive and active user base supporting the Bitcoin network.
Social Trends Correlating with Bitcoin’s Decline
Recent analysis reveals that social trends are playing a role in Bitcoin’s price movements. Santiment data shows a steady decline in Bitcoin’s price despite occasional fluctuations.
Social dominance has spiked during several key points, but overall remains stable. This suggests that while there is heightened activity and attention surrounding Bitcoin, it is not enough to shift the current downward trend. The social volume reflects periodic increases, often aligning with the spikes in social dominance.
#Bitcoin #Altcoins #CryptoNews #BTC #USNonFarmPayrollReport $BTC $ETH $USDC
🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐
Bitcoin’s price trends have captured the attention of market analysts as it teeters around a critical threshold. According to Ali Martinez, a crypto analyst, historically when Bitcoin falls below the Realized Price-to-Liveliness Ratio, set at $51,600, further price declines often follow.
This drop can push Bitcoin down to its Realized Price, which stands at $31,500. With Bitcoin’s at press time priced at $54,414.30, and a minor 0.27% increase in the last 24 hours, the market is closely watching its next move.
Bitcoin’s Market Performance and Key Metrics
As per DefiLlama data Bitcoin’s trading activity has remained steady, with a 24-hour volume of $16.6 billion. The total value locked (TVL) within the Bitcoin ecosystem stands at $483.58 million, reflecting the capital invested across its decentralized landscape.
Over the past 24 hours, Bitcoin has generated $408,744 in network fees and processed a trading volume of $5,482. These figures, coupled with 666,660 active addresses, showcase the extensive and active user base supporting the Bitcoin network.
Social Trends Correlating with Bitcoin’s Decline
Recent analysis reveals that social trends are playing a role in Bitcoin’s price movements. Santiment data shows a steady decline in Bitcoin’s price despite occasional fluctuations.
Social dominance has spiked during several key points, but overall remains stable. This suggests that while there is heightened activity and attention surrounding Bitcoin, it is not enough to shift the current downward trend. The social volume reflects periodic increases, often aligning with the spikes in social dominance.
#Bitcoin #Altcoins #CryptoNews #BTC #USNonFarmPayrollReport $BTC $ETH $USDC
Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle
Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle
🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐
Key PointsSwan Bitcoin’s CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoin’s CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippsten’s predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The model’s median target for early 2025 is $115,000, closely aligning with Klippsten’s prediction. However, it’s important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoin’s price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐
Key PointsSwan Bitcoin’s CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoin’s CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippsten’s predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The model’s median target for early 2025 is $115,000, closely aligning with Klippsten’s prediction. However, it’s important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoin’s price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
Bitcoin to Reach $150K by 2025, Skyrocket to $1M by 2030, Says Top Exec » CoinEagle
🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐
Key PointsSwan Bitcoin’s CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoin’s CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippsten’s predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The model’s median target for early 2025 is $115,000, closely aligning with Klippsten’s prediction. However, it’s important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoin’s price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
🔥AIG Airdrop Is Live 🔥 Get 100,000 AIG Tokens Worth Of $100 USD Free, Join Airdrop Now On Official Website : PlayAiGames.Online⭐
Key PointsSwan Bitcoin’s CEO predicts Bitcoin could reach $100,000 by 2025 and $1 million by 2030.The Bitcoin power law model forecasts a median target of $115K by early 2025.
Swan Bitcoin’s CEO, Cory Klippsten, recently shared his bullish price predictions for Bitcoin (BTC). He believes that by 2025, BTC could be valued at $100,000, and by 2030, it could hit the $1 million mark.
Price Predictions
These forecasts are not unique to Klippsten. Other financial institutions, such as Standard Chartered, anticipate that BTC could reach $150,000 by the end of 2024. However, Klippsten’s predictions are slightly more conservative, with a proposed return to $125,000 by the end of 2025.
The Bitcoin power law model, a popular prediction tool among analysts, suggests similar figures. The model’s median target for early 2025 is $115,000, closely aligning with Klippsten’s prediction. However, it’s important to note that this model is based on historical price patterns and could be affected by unforeseen events.
Current Market Conditions
At present, Bitcoin’s price has recovered slightly, settling above $52,000. This is the same support level that halted a significant decline in August. BitMEX founder Arthur Hayes suggests that a rebound may be on the horizon, potentially driven by increased dollar liquidity.
However, for a full recovery to occur, BTC must overcome several resistance levels, including those at $57,000, $60,000, and $65,000.
Currently, BTC is trading at $54,300,
approximately 26% lower than its March record high of $73,800.
#Bitcoin #BTC #Airdrop #CryptoNews #accelerate $BTC $ETH $BNB
Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally
Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally
Bitcoin’s price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEX’s co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset ‘might’ rise in the following days due to Janet Yellen’s weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
Bitcoin’s price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEX’s co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset ‘might’ rise in the following days due to Janet Yellen’s weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
Arthur Hayes Closes Short Bitcoin Position, Hints at Upcoming BTC Rally
Bitcoin’s price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEX’s co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset ‘might’ rise in the following days due to Janet Yellen’s weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
Bitcoin’s price tumbled hard on Friday from $57,000 to under $53,000 in hours before it finally covered some ground. Some investors and even long-term BTC bulls, such as Arthur Hayes, tried to take advantage by shorting the asset.
However, he said earlier today that he has closed his position as BTC might even rally in the next few days.
CryptoPotato reported the highly volatile price actions that transpired on Friday, which began after the release of the August jobs report in the States. As the unemployment rates declined slightly month-over-month, bitcoin jumped by $1,500 and tapped $57,000.
That turned out to be a false breakout, though, and the bears quickly pushed it south by more than four grand. As a result, the cryptocurrency fell to a monthly low of under $53,000.
At this time, BitMEX’s co-founder, Arthur Hayes, said he had opened a short position and was aiming for a price tag of under $50,000 during the weekend.
Nevertheless, BTC has bounced from its monthly low and has jumped above $54,000 as of now. Even though the weekend is far from over, Hayes posted an update earlier today, saying he had closed his position with a 3% profit because the asset ‘might’ rise in the following days due to Janet Yellen’s weekend speech.
#ArthurHayes #Bitcoin #BTC #CryptoNews #Altcoins $BTC $ETH $BNB
