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👌🙂MY OPINION ON THE UPCOMING TREND ON THE PRICE OF BTC📈 #btc
Although the long-term target is rather difficult to identify given unprecedented and inexplicable factors, it appears that the short-term target for Bitcoin price will be $85,000. This is taken from the symmetrical triangle trading pattern that BTC is currently observing.
This pattern is characterized by converging trend lines, forming a triangular shape. This indicates a period of indecision in the market, with prices consolidating between lower lows and lower highs. A breakout could result in a significant price movement. Based on the trend, the target is set at 21% above the breakout point, which is slightly above $85,000. Thus, investors should expect a recovery eventually.
However, another major factor that could invalidate this bullish thesis is the realization of a long-term profit for holders. Historically, after new all-time highs, these holders tend to book profits, leading to a Bitcoin price correction over the coming weeks.
Although the long-term target is rather difficult to identify given unprecedented and inexplicable factors, it appears that the short-term target for Bitcoin price will be $85,000. This is taken from the symmetrical triangle trading pattern that BTC is currently observing.
This pattern is characterized by converging trend lines, forming a triangular shape. This indicates a period of indecision in the market, with prices consolidating between lower lows and lower highs. A breakout could result in a significant price movement. Based on the trend, the target is set at 21% above the breakout point, which is slightly above $85,000. Thus, investors should expect a recovery eventually.
However, another major factor that could invalidate this bullish thesis is the realization of a long-term profit for holders. Historically, after new all-time highs, these holders tend to book profits, leading to a Bitcoin price correction over the coming weeks.
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🚨BITCOIN BURSTS🔥📈🚨 #btc
The price of Bitcoin has benefited from the upward trend 📈 emanating from the constant accumulation observed by investors. In the last week alone, the total supply of all exchanges increased from 812,000 BTC to 799,000 BTC. This suggests that almost 13,000 BTC worth over $926 million has moved from exchanges to investors' wallets.
Offer of Bitcoin on exchanges. Source: Santiment
This is a sign that BTC holders are expecting prices to rise again, which seems to be the case based on this trend.
On the 3-day chart, Bitcoin validates the Wyckoff model, a technical analysis concept that identifies trends and potential reversals in financial markets. It analyzes price and volume movements to discern accumulation, distribution or markup phases.
The price of Bitcoin has benefited from the upward trend 📈 emanating from the constant accumulation observed by investors. In the last week alone, the total supply of all exchanges increased from 812,000 BTC to 799,000 BTC. This suggests that almost 13,000 BTC worth over $926 million has moved from exchanges to investors' wallets.
Offer of Bitcoin on exchanges. Source: Santiment
This is a sign that BTC holders are expecting prices to rise again, which seems to be the case based on this trend.
On the 3-day chart, Bitcoin validates the Wyckoff model, a technical analysis concept that identifies trends and potential reversals in financial markets. It analyzes price and volume movements to discern accumulation, distribution or markup phases.
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📢🚨🚨DID YOU NOTICE IT📉??
Absolutely all cryptos fell at precisely the same time📉📉 (6:30 p.m.).
Why this sudden drop🤷🏾♂️?
In any case, I know people who have been liquidated in this period of time😂
Absolutely all cryptos fell at precisely the same time📉📉 (6:30 p.m.).
Why this sudden drop🤷🏾♂️?
In any case, I know people who have been liquidated in this period of time😂
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🛑✨️TECHNICAL THRESHOLDS TO MONITOR ON $ETH
Ethereum faces a resistance zone around $2400/2450, while on the downside, the $2120/2180 zone is the first important support.
Below $2120/2180, the major psychological threshold of $2000 and the 200-day moving average at $1940 will be the next potential supports. In case of a rise above $2500, the $2600 threshold and the January 12 high at $2713 will be the next targets.
Ethereum faces a resistance zone around $2400/2450, while on the downside, the $2120/2180 zone is the first important support.
Below $2120/2180, the major psychological threshold of $2000 and the 200-day moving average at $1940 will be the next potential supports. In case of a rise above $2500, the $2600 threshold and the January 12 high at $2713 will be the next targets.
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🛑ETHEREUM AT $4000 (+71%) IN 4 MONTHS THANKS TO ETH ETFS, PREDICTED STANDARD CHARTERED🛑#ETH #BTC
Like many other cryptocurrencies, Ethereum started the day yesterday on the rise, before changing its mind, and this Wednesday morning posted a gain of 1.3% over 24 hours and almost 5% over a week.
However, some analysts believe that the second largest cryptocurrency on the market could climb much higher. This is particularly the case of those of Standard Chartered (LON:STAN), who spoke about ETH in a recent note.
Anticipating an approval of spot Ethereum ETFs by the SEC in the coming months, analysts have indeed written that the value of ETH could reach $4,000 by May, an increase of 71.4% compared to the current price.
They expect the SEC to delay decisions on spot ETF applications until the final deadline for the VanEck and Ark/21Shares proposals on May 23.
The report further states that the market is currently underestimating the chances of approval, while there is "no fundamental reason" for the SEC to treat ETH differently from bitcoin, for which spot ETFs have been approved earlier this month.
As the scheduled May 23 approval date approaches, we expect ETH prices to follow, or outperform, bitcoin (BTC) during the comparable period,” the analysts wrote.
The report also states that ETH will face less selling pressure after the approval of a potential ETF than BTC, as the Grayscale Ethereum Fund (ETHE) has a smaller share of the ether market cap than the Grayscale Bitcoin Fund (GBTC).
Like many other cryptocurrencies, Ethereum started the day yesterday on the rise, before changing its mind, and this Wednesday morning posted a gain of 1.3% over 24 hours and almost 5% over a week.
However, some analysts believe that the second largest cryptocurrency on the market could climb much higher. This is particularly the case of those of Standard Chartered (LON:STAN), who spoke about ETH in a recent note.
Anticipating an approval of spot Ethereum ETFs by the SEC in the coming months, analysts have indeed written that the value of ETH could reach $4,000 by May, an increase of 71.4% compared to the current price.
They expect the SEC to delay decisions on spot ETF applications until the final deadline for the VanEck and Ark/21Shares proposals on May 23.
The report further states that the market is currently underestimating the chances of approval, while there is "no fundamental reason" for the SEC to treat ETH differently from bitcoin, for which spot ETFs have been approved earlier this month.
As the scheduled May 23 approval date approaches, we expect ETH prices to follow, or outperform, bitcoin (BTC) during the comparable period,” the analysts wrote.
The report also states that ETH will face less selling pressure after the approval of a potential ETF than BTC, as the Grayscale Ethereum Fund (ETHE) has a smaller share of the ether market cap than the Grayscale Bitcoin Fund (GBTC).
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EUR/USD: ✨️HAS IT TIME FOR THE REBOUND?🤔 EVERYTHING WILL DEPEND ON GDP AND PCE👌
After having progressed slightly on Friday, the EUR/USD remains well oriented this Monday morning, trying to get back above 1.09 at the time of writing this article, after lows below 1.0850 last week.
🧏Remember that the Euro Dollar had suffered from a clear strengthening of the greenback, which benefited from the decline in the Fed's rate cut forecasts, after several economic data which surprised positively.
Thus, the Fed rate barometer now only shows a 46% probability that the Fed will lower its rates in March, compared to a peak of more than 85% earlier this month. However, this change in outlook seems to have been digested, allowing EUR/USD to regain some ground.
This week, expectations for the next Fed meetings may still be influenced by several key indicators, with Q4 US GDP and the PCE index to name only the most important data.
If these publications lead to a further decline in rate cut forecasts, the Dollar could strengthen again, to the detriment of the EUR/USD. Conversely, disappointing data would undoubtedly increase the chances of the Fed reducing its rates, which would benefit the Euro Dollar.
After having progressed slightly on Friday, the EUR/USD remains well oriented this Monday morning, trying to get back above 1.09 at the time of writing this article, after lows below 1.0850 last week.
🧏Remember that the Euro Dollar had suffered from a clear strengthening of the greenback, which benefited from the decline in the Fed's rate cut forecasts, after several economic data which surprised positively.
Thus, the Fed rate barometer now only shows a 46% probability that the Fed will lower its rates in March, compared to a peak of more than 85% earlier this month. However, this change in outlook seems to have been digested, allowing EUR/USD to regain some ground.
This week, expectations for the next Fed meetings may still be influenced by several key indicators, with Q4 US GDP and the PCE index to name only the most important data.
If these publications lead to a further decline in rate cut forecasts, the Dollar could strengthen again, to the detriment of the EUR/USD. Conversely, disappointing data would undoubtedly increase the chances of the Fed reducing its rates, which would benefit the Euro Dollar.
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✨️🚨SEC APPROVES BITCOIN ETFs🚨✨️
The United States Securities and Exchange Commission (SEC) has approved rule changes allowing the creation of Bitcoin exchange-traded funds (ETFs) in the United States. This highly anticipated move will allow ordinary investors to access this volatile and often controversial cryptocurrency.
The move is expected to lead to the Grayscale Bitcoin Trust, which currently holds around $29 billion in cryptocurrency, becoming an ETF. It could also lead to the introduction of competing funds from conventional issuers such as BlackRock's iShares and Fidelity. The first of these funds are expected to begin trading on Thursday.
This approval could mark a significant milestone in the adoption of cryptocurrencies by the traditional financial sector. The ETF structure provides institutions and financial advisors with a regulated and familiar way to gain exposure to bitcoin.
Cathie Wood, CEO of Ark Invest, sounded optimistic on CNBC's "Halftime Report," saying the SEC approval was a green light for institutions. Ark Invest collaborated with 21Shares on a bitcoin fund project.
The move follows a false announcement made by an official SEC social media account on Tuesday, claiming that Bitcoin ETFs had been approved. The SEC clarified that the account had been compromised.
The approval of Bitcoin ETFs comes after a year marked by significant legal actions against crypto companies and industry leaders, including the conviction of FTX founder Sam Bankman-Fried and multiple actions against Binance and its founder, Changpeng Zhao.
The development spurred optimism that Bitcoin ETFs would be approved, leading to an increase in applications from competing firms after BlackRock (NYSE:BLK) filed.
The United States Securities and Exchange Commission (SEC) has approved rule changes allowing the creation of Bitcoin exchange-traded funds (ETFs) in the United States. This highly anticipated move will allow ordinary investors to access this volatile and often controversial cryptocurrency.
The move is expected to lead to the Grayscale Bitcoin Trust, which currently holds around $29 billion in cryptocurrency, becoming an ETF. It could also lead to the introduction of competing funds from conventional issuers such as BlackRock's iShares and Fidelity. The first of these funds are expected to begin trading on Thursday.
This approval could mark a significant milestone in the adoption of cryptocurrencies by the traditional financial sector. The ETF structure provides institutions and financial advisors with a regulated and familiar way to gain exposure to bitcoin.
Cathie Wood, CEO of Ark Invest, sounded optimistic on CNBC's "Halftime Report," saying the SEC approval was a green light for institutions. Ark Invest collaborated with 21Shares on a bitcoin fund project.
The move follows a false announcement made by an official SEC social media account on Tuesday, claiming that Bitcoin ETFs had been approved. The SEC clarified that the account had been compromised.
The approval of Bitcoin ETFs comes after a year marked by significant legal actions against crypto companies and industry leaders, including the conviction of FTX founder Sam Bankman-Fried and multiple actions against Binance and its founder, Changpeng Zhao.
The development spurred optimism that Bitcoin ETFs would be approved, leading to an increase in applications from competing firms after BlackRock (NYSE:BLK) filed.
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✨️WHILE ETF APPROVAL IS IMMINENT, BITCOIN SOAR TO $47,000✨️
Bitcoin soared to new highs on Monday, peaking at $47,205, the highest since April 2022, as optimism over an imminent launch of Bitcoin ETFs in the United States reached fever pitch.
Indeed, the main management companies that filed requests with the SEC made final additions to their proposals yesterday, notably not revealing the planned fees for their spot Bitcoin ETFs.
This confirmed in the eyes of investors that approval is imminent, and it is now rumored that it could take place this Tuesday or Wednesday, with the first trading on the market before the end of the week.
In other words, investors are now confident that spot Bitcoin ETFs will be approved by the US regulator, after some doubts last week.
This means that the simple absence of validation (not a refusal) today or tomorrow could cause Bitcoin to plunge. But it also means that the cryptocurrency's further upside potential will likely be limited in the face of approval, with investors having already fully priced in this outcome.
Bitcoin soared to new highs on Monday, peaking at $47,205, the highest since April 2022, as optimism over an imminent launch of Bitcoin ETFs in the United States reached fever pitch.
Indeed, the main management companies that filed requests with the SEC made final additions to their proposals yesterday, notably not revealing the planned fees for their spot Bitcoin ETFs.
This confirmed in the eyes of investors that approval is imminent, and it is now rumored that it could take place this Tuesday or Wednesday, with the first trading on the market before the end of the week.
In other words, investors are now confident that spot Bitcoin ETFs will be approved by the US regulator, after some doubts last week.
This means that the simple absence of validation (not a refusal) today or tomorrow could cause Bitcoin to plunge. But it also means that the cryptocurrency's further upside potential will likely be limited in the face of approval, with investors having already fully priced in this outcome.
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Can you tell me☝️ which cryptocurrencies do you think I can currently invest in🤔? Given the instability of $BTC 🤷🏾♂️
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TECHNICAL THRESHOLDS📈 📉TO WATCH ON BITCOIN 👀
● From a graphical point of view, we note that Bitcoin's plunge yesterday weakened the bullish bias, without canceling it.
● The $40,000-40,500 zone, which had already served as support in December, has in fact stopped the fall for the moment. A break below this zone would, however, correspond to an invalidation of the upward trend line visible since the end of October, which would constitute an important bearish signal.
● In this case, the $38,000 area will be the next important support to watch. Finally, on the upside, the thresholds of $43,000 and $44,000 are potential resistances, before $45,000, then Tuesday's high near $46,000.
● From a graphical point of view, we note that Bitcoin's plunge yesterday weakened the bullish bias, without canceling it.
● The $40,000-40,500 zone, which had already served as support in December, has in fact stopped the fall for the moment. A break below this zone would, however, correspond to an invalidation of the upward trend line visible since the end of October, which would constitute an important bearish signal.
● In this case, the $38,000 area will be the next important support to watch. Finally, on the upside, the thresholds of $43,000 and $44,000 are potential resistances, before $45,000, then Tuesday's high near $46,000.
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🚨BITCOIN COLLAPSES BY 12% AND DRAGS OTHER CRYPTOS IN ITS FALL🚨 - EXPLANATION☝️
#BTC
After celebrating the new year with new highs of more than a year at $45,892 on Tuesday, Bitcoin corrected violently on Wednesday, marking a low at $40,500, and moving towards $42,700 this Thursday morning after a rebound.
As I write this article, $BTC is down 5.5% over one day, and more than 2% over a week. Ethereum has lost nearly 7% since yesterday, while Solana has plunged 8%, as have XRP and Cardano, and Dogecoin has collapsed by more than 10%.
To explain this plunge in Bitcoin and its peers, some observers have pointed to a report from crypto research firm Matrixport, according to which the SEC will reject proposals for a Bitcoin spot ETF, contrary to expectations that spurred the recent uptake. height of the crypto market.
Macroeconomic factors also played a role, as the higher-than-expected ISM manufacturing index and the slightly more hawkish than expected Fed Minutes pushed back rate cut expectations.
Indeed, the Fed's rate barometer shows that investors are now taking into account a 72.2% probability that the Fed will lower its rates in March, compared to more than 88% a week ago.
We must also take into account the positioning, which was strongly long, and with strong leverage before the fall, which was therefore undoubtedly exaggerated by cascading liquidations.
#BTC
After celebrating the new year with new highs of more than a year at $45,892 on Tuesday, Bitcoin corrected violently on Wednesday, marking a low at $40,500, and moving towards $42,700 this Thursday morning after a rebound.
As I write this article, $BTC is down 5.5% over one day, and more than 2% over a week. Ethereum has lost nearly 7% since yesterday, while Solana has plunged 8%, as have XRP and Cardano, and Dogecoin has collapsed by more than 10%.
To explain this plunge in Bitcoin and its peers, some observers have pointed to a report from crypto research firm Matrixport, according to which the SEC will reject proposals for a Bitcoin spot ETF, contrary to expectations that spurred the recent uptake. height of the crypto market.
Macroeconomic factors also played a role, as the higher-than-expected ISM manufacturing index and the slightly more hawkish than expected Fed Minutes pushed back rate cut expectations.
Indeed, the Fed's rate barometer shows that investors are now taking into account a 72.2% probability that the Fed will lower its rates in March, compared to more than 88% a week ago.
We must also take into account the positioning, which was strongly long, and with strong leverage before the fall, which was therefore undoubtedly exaggerated by cascading liquidations.
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✨️After the end of 2023🎆 marked by correction, mainly due to profit taking, the start of 2024 is proving to be explosive🎉 for Bitcoin and other cryptocurrencies.✨️
At the time of writing this article, BTC/USD is indeed at $45,400, up 📈 by more than 7% over 24 hours, and at its highest since April 2022.
This strength in the cryptocurrency market does not come from a weakness in the Dollar, the greenback having progressed on Monday in the face of a slight decline in expectations of a rate cut from the Fed.
The rise in Bitcoin and other digital assets finds its source above all in speculation about the launch, possibly next week, of spot Bitcoin ETFs in the United States.
BTC is not the only crypto to benefit from this, Ethereum showing an increase of almost 4%, while Solana gains 7.5%, and XRP advances by 3%.
Regarding the next important events for Bitcoin, it should be noted that the economic calendar for this Tuesday will include few important indicators for cryptos.
At the time of writing this article, BTC/USD is indeed at $45,400, up 📈 by more than 7% over 24 hours, and at its highest since April 2022.
This strength in the cryptocurrency market does not come from a weakness in the Dollar, the greenback having progressed on Monday in the face of a slight decline in expectations of a rate cut from the Fed.
The rise in Bitcoin and other digital assets finds its source above all in speculation about the launch, possibly next week, of spot Bitcoin ETFs in the United States.
BTC is not the only crypto to benefit from this, Ethereum showing an increase of almost 4%, while Solana gains 7.5%, and XRP advances by 3%.
Regarding the next important events for Bitcoin, it should be noted that the economic calendar for this Tuesday will include few important indicators for cryptos.
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🚨LONG-TERM HOLDERS OF $ETH SURPASS $BTC FOR THE SECOND TIME🚨
#ETH #BTC
On December 31, 2023, Ethereum reached a significant milestone as its long-term holders surpassed that of Bitcoin, demonstrating investors' strong confidence in Ethereum's future. This development is part of a downward price trend, but suggests strong belief in Ethereum's long-term value proposition.
Investors have been actively accumulating Ethereum, as indicated by the notable increase in the supply of cryptocurrency held outside of exchanges. This trend is complemented by an increase in the number of “whale” deals, which are high-volume transactions typically associated with seasoned investors and institutions. Conversely, the supply of Ethereum on exchanges has decreased, further highlighting the ongoing accumulation phase.
The optimism surrounding Ethereum is partly fueled by expected network improvements and the expansion of Tier 2 platforms. These developments are expected to significantly increase scalability and improve the overall user experience, addressing some of the main concerns that have historically limited the usefulness and performance of Ethereum.
#ETH #BTC
On December 31, 2023, Ethereum reached a significant milestone as its long-term holders surpassed that of Bitcoin, demonstrating investors' strong confidence in Ethereum's future. This development is part of a downward price trend, but suggests strong belief in Ethereum's long-term value proposition.
Investors have been actively accumulating Ethereum, as indicated by the notable increase in the supply of cryptocurrency held outside of exchanges. This trend is complemented by an increase in the number of “whale” deals, which are high-volume transactions typically associated with seasoned investors and institutions. Conversely, the supply of Ethereum on exchanges has decreased, further highlighting the ongoing accumulation phase.
The optimism surrounding Ethereum is partly fueled by expected network improvements and the expansion of Tier 2 platforms. These developments are expected to significantly increase scalability and improve the overall user experience, addressing some of the main concerns that have historically limited the usefulness and performance of Ethereum.
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✨️STRATEGIES TO ADOPT TO PUT THE ODDS ON YOUR SIDE WHEN YOU TRADE✨️
There are many trading strategies that can help you succeed in the financial markets, depending on your style, time horizon and instrument of choice. Here are some examples of popular and effective strategies that you can learn and apply:
✅️Day trading: this strategy consists of opening and closing positions on the same day, taking advantage of short-term price fluctuations. It is a strategy suitable for traders who want to limit their exposure to risk and who have sufficient time to monitor the markets.
✅️Scalping: this strategy consists of carrying out numerous trades of very short duration, aiming for modest but frequent gains. It is a strategy suitable for traders who like action and who have good responsiveness.
✅️Swing trading: this strategy consists of exploiting medium-term price movements, by keeping positions open for several days or even several weeks. It is a strategy suitable for traders who have a more global vision of the market and who do not want to spend too much time in front of screens.
These strategies can be based on different types of analysis, like technical analysis, fundamental analysis, trend analysis, chart pattern analysis, etc. You can use trading indicators, drawing tools, trading signals, trading robots, etc. to help you make your decisions. You can find examples of strategies based on these elements here and here.
Whatever strategy you choose, it is important to respect certain basic principles that we will outline in a future announcement.
There are many trading strategies that can help you succeed in the financial markets, depending on your style, time horizon and instrument of choice. Here are some examples of popular and effective strategies that you can learn and apply:
✅️Day trading: this strategy consists of opening and closing positions on the same day, taking advantage of short-term price fluctuations. It is a strategy suitable for traders who want to limit their exposure to risk and who have sufficient time to monitor the markets.
✅️Scalping: this strategy consists of carrying out numerous trades of very short duration, aiming for modest but frequent gains. It is a strategy suitable for traders who like action and who have good responsiveness.
✅️Swing trading: this strategy consists of exploiting medium-term price movements, by keeping positions open for several days or even several weeks. It is a strategy suitable for traders who have a more global vision of the market and who do not want to spend too much time in front of screens.
These strategies can be based on different types of analysis, like technical analysis, fundamental analysis, trend analysis, chart pattern analysis, etc. You can use trading indicators, drawing tools, trading signals, trading robots, etc. to help you make your decisions. You can find examples of strategies based on these elements here and here.
Whatever strategy you choose, it is important to respect certain basic principles that we will outline in a future announcement.
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🚨BINANCE WILL REMOVE LIQUIDITY POOLS TO IMPROVE THE PLATFORM!🚨
BINANCE recently announced plans to remove several liquidity pools from its Liquid Swap platform on January 5, 2024. The move aims to improve liquidity and reduce slippage for users. The affected pools are a mix of popular cryptocurrencies, including ADA/BTC, BNB/USDT, BTC/USDT, DOGE/BTC, DOGE/USDT, ETH/USDT, LINK/BTC, SHIB/USDT, USDT/DAI and XRP/USDT .
Starting January 1, users will no longer be able to add new liquidity to these pools. Binance advised users to withdraw their assets before the delisting date. If users fail to withdraw their assets on time, Binance said that all remaining assets in delisted pools will be automatically transferred to users' Spot wallets.
The move to streamline Liquid Swap offerings is part of Binance's ongoing efforts to comply with global regulations and optimize its trading services. The exchange previously made headlines when it halted sterling spot trading pairs following Financial Conduct Authority (FCA) regulations and the end of a key UK banking partnership, which has had a significant impact on the ability of sterling traders to deposit and withdraw funds on the platform.
BINANCE recently announced plans to remove several liquidity pools from its Liquid Swap platform on January 5, 2024. The move aims to improve liquidity and reduce slippage for users. The affected pools are a mix of popular cryptocurrencies, including ADA/BTC, BNB/USDT, BTC/USDT, DOGE/BTC, DOGE/USDT, ETH/USDT, LINK/BTC, SHIB/USDT, USDT/DAI and XRP/USDT .
Starting January 1, users will no longer be able to add new liquidity to these pools. Binance advised users to withdraw their assets before the delisting date. If users fail to withdraw their assets on time, Binance said that all remaining assets in delisted pools will be automatically transferred to users' Spot wallets.
The move to streamline Liquid Swap offerings is part of Binance's ongoing efforts to comply with global regulations and optimize its trading services. The exchange previously made headlines when it halted sterling spot trading pairs following Financial Conduct Authority (FCA) regulations and the end of a key UK banking partnership, which has had a significant impact on the ability of sterling traders to deposit and withdraw funds on the platform.
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#BTC #ETH #SOL #XRP #MATIC
PROMISING CRYPTOMINNAIES IN 2024!
After much research, the most promising cryptocurrencies in 2024 are as follows:
Bitcoin (BTC): the first and most famous cryptocurrency, which enjoys strong awareness, growing adoption and a supply limited to 21 million units.
Ethereum (ETH): the second cryptocurrency in terms of capitalization, which allows the creation of decentralized applications (dApps) and smart contracts on its platform.
Solana (SOL): a cryptocurrency that stands out for its speed, scalability and low transaction costs, thanks to its innovative consensus mechanism called Proof of History (PoH).
Ripple XRP (XRP): a cryptocurrency that aims to facilitate international fund transfers between financial institutions, using its distributed validation network.
MATIC (MATIC): a cryptocurrency that provides a scalability solution for Ethereum, using sidechains and bridges to reduce fees and transaction times.
ADA (ADA): a cryptocurrency based on the Cardano project, a smart contract platform that aims to be more secure, more sustainable and more scalable than its competitors.
Binance Coin (BNB): a cryptocurrency that is linked to the Binance exchange, the world's largest by volume, and offers user benefits such as fee reductions and access to exclusive services .
These cryptocurrencies are promising, but they are not without risks. You must therefore be careful and well informed before investing in this volatile and complex market.
PROMISING CRYPTOMINNAIES IN 2024!
After much research, the most promising cryptocurrencies in 2024 are as follows:
Bitcoin (BTC): the first and most famous cryptocurrency, which enjoys strong awareness, growing adoption and a supply limited to 21 million units.
Ethereum (ETH): the second cryptocurrency in terms of capitalization, which allows the creation of decentralized applications (dApps) and smart contracts on its platform.
Solana (SOL): a cryptocurrency that stands out for its speed, scalability and low transaction costs, thanks to its innovative consensus mechanism called Proof of History (PoH).
Ripple XRP (XRP): a cryptocurrency that aims to facilitate international fund transfers between financial institutions, using its distributed validation network.
MATIC (MATIC): a cryptocurrency that provides a scalability solution for Ethereum, using sidechains and bridges to reduce fees and transaction times.
ADA (ADA): a cryptocurrency based on the Cardano project, a smart contract platform that aims to be more secure, more sustainable and more scalable than its competitors.
Binance Coin (BNB): a cryptocurrency that is linked to the Binance exchange, the world's largest by volume, and offers user benefits such as fee reductions and access to exclusive services .
These cryptocurrencies are promising, but they are not without risks. You must therefore be careful and well informed before investing in this volatile and complex market.
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#BTC #ETH #USDT INVEST IN CRYPTOMINNAY IN 2024? WHAT CAN BE THE GROWTH FACTORS FOR BITCOINS AND OTHER CRYPTOMINNAIES IN THIS YEAR?
According to some experts, bitcoin could reach all-time highs in 2024, thanks in part to the growing adoption of this digital currency by financial institutions, businesses and individuals. This could lead to an increase in the value of other cryptocurrencies, which are often correlated to bitcoin, but also to a diversification of the market, with the emergence of new currencies that are more innovative, faster or more ecological.
However, there are also risks and uncertainties that could negatively affect the price of bitcoin and other cryptocurrencies, such as cyberattacks, restrictive regulations, technical problems, internal conflicts, etc. It is therefore important to find out before investing in cryptocurrencies, to diversify your portfolio and not to invest more than you can afford to lose.
According to some experts, bitcoin could reach all-time highs in 2024, thanks in part to the growing adoption of this digital currency by financial institutions, businesses and individuals. This could lead to an increase in the value of other cryptocurrencies, which are often correlated to bitcoin, but also to a diversification of the market, with the emergence of new currencies that are more innovative, faster or more ecological.
However, there are also risks and uncertainties that could negatively affect the price of bitcoin and other cryptocurrencies, such as cyberattacks, restrictive regulations, technical problems, internal conflicts, etc. It is therefore important to find out before investing in cryptocurrencies, to diversify your portfolio and not to invest more than you can afford to lose.
THE RISE OF BITCOIN!
Will bitcoin double his value in 2024? Like go up to 85k USD or may be 3 millions USD?
Will bitcoin double his value in 2024? Like go up to 85k USD or may be 3 millions USD?
