#bitcoin news update :

🚨 Attention, Bitcoin #Enthusiasts! 🚨

📈 The MVRV Z Score Reveals Undervaluation! 📉

👉 It's time to pay close attention to an essential indicator in the world of Bitcoin: the MVRV Z Score. This metric, which standardizes the market value to realized value, offers valuable insights into whether $BTC is currently undervalued or overvalued relative to its realized value. It reflects the amount of Bitcoin moved at the current valuation.

💚 When this standardized ratio enters the green area, it historically indicates that Bitcoin has hit the bottom! And here's the exciting news:

✅ We have now reached that area around $16k for Bitcoin! 🚀

📈 This finding suggests a potential undervaluation of Bitcoin, presenting a compelling opportunity for those keeping a close eye on the market. As history has shown, such moments have often preceded significant upward movements in Bitcoin's price. 📈💰

🔎 So, fellow Bitcoin enthusiasts, it's time to stay alert and monitor the market closely. This could be an opportune moment to seize the potential gains offered by this undervaluation. 📈💪

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#SEC #binanceus

Capitulation is a term used in financial markets to describe a period of widespread selling pressure, often triggered by a loss of confidence in an asset. In the #bitcoin market, capitulation can be indicated by a number of factors, including a sharp decline in prices, a large increase in selling volume, and a decrease in the number of active addresses.

ASOPR

The Adjusted Output Profit Ratio ( #ASOPR ) is a metric that can be used to assess the likelihood of capitulation in the Bitcoin market. The ASOPR calculates the proportion of spent outputs that are currently in profit. A value of 1 indicates that all spent outputs are in profit, while a value of 0 indicates that all spent outputs are in loss. A value of 0.93 is considered to be in the capitulation area.

Recent Price Action

The price of Bitcoin $BTC has been declining in recent weeks, falling from a high of $48,000 to a low of $38,000. The decline in prices has been accompanied by an increase in selling volume. The ASOPR has also declined, but it is still above the capitulation area.

Conclusion

The recent price action in the Bitcoin market does not suggest that capitulation is imminent. However, the ASOPR is approaching the capitulation area, which could be a sign that investors are starting to lose confidence in the asset. If the price of Bitcoin continues to decline and the ASOPR falls below 0.93, it could trigger a period of widespread selling pressure.

Disclaimer: This is not financial advice. Please do your own research before making any Investment decisions.

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#Binance news

🤝 We are thrilled to share that Binance and #binanceus have reached a groundbreaking deal with the U.S. Securities and Exchange Commission ( #SEC )! Here are the key highlights:

1️⃣ Regulatory Cooperation: Binance and Binance.US have established a close working relationship with the SEC, signaling a new era of regulatory cooperation in the cryptocurrency industry.

2️⃣ Enhanced Transparency: Both platforms will provide detailed financial disclosures to ensure transparency, offering regulators and users a clearer view of their operations.

3️⃣ Customer Protection: Binance and Binance.US are prioritizing user protection by implementing robust security measures, risk management frameworks, and anti-fraud protocols.

4️⃣ Proactive Compliance: The platforms are actively cooperating with government agencies, such as the SEC, to ensure adherence to existing regulations and contribute to a more regulated crypto ecosystem.

5️⃣ Trust and Stability: Binance's collaboration with the SEC aims to build trust and stability within the industry, setting a positive precedent for the wider crypto community.

6️⃣ User Benefits: This deal brings increased confidence and protection for Binance and Binance.US users, placing their interests at the forefront of operations.

🌟 We believe this landmark agreement will shape the future of cryptocurrencies in the United States, fostering responsible growth and creating a secure environment for crypto enthusiasts.

Stay tuned as Binance and Binance.US continue to work closely with regulatory authorities, driving innovation while ensuring user protection and regulatory compliance. Together, we are shaping the future of finance!

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Floki Inu (FLOKI) is barking up a storm in the crypto world with news of its listing on Binance.US. As excitement grows, the value of FLOKI has surged by almost 50% in just one day, with gains of nearly 10% in the past week, making it one of the most talked-about cryptocurrencies in the market. 

With FLOKI’s current price at $0.00004099, investors and meme enthusiasts alike are eagerly awaiting what the future holds for this beloved crypto.

Could Floki be the next big thing in the world of crypto?

While Floki Inu is just one of many similar meme coins, its recent price gains and increased attention have set it apart from the pack. In February 2023, FLOKI saw a surge of more than 40%, thanks in part to the continued support and interest from Tesla and Twitter CEO and meme coin enthusiast, Elon Musk.

Despite these gains, FLOKI’s current value is still well below its all-time high, which occurred in November 2021 when Musk named his dog after the cryptocurrency. However, Floki Inu has continued to gain traction and was recently listed on two prominent exchanges, BigONE and BitForex, in addition to Binance.US.

Binance has earlier announced the creation of seven new liquidity pools to cater to the growing demand for meme coins like, Shiba Inu, and Dogecoin. This move has generated a lot of speculation in the crypto community about a potential meme coin rally, with many investors expecting more retail participation as exchanges continue to support these altcoins.

As a result of this announcement, emerging meme coins such as Bone ShibaSwap (BONE) and ArbDoge AI (AIDOGE) experienced gains of more than 10% following news of a major exchange listing. 

The creation of these new liquidity pools is a positive sign for the meme coin market, indicating that these altcoins are gaining greater acceptance and recognition from investors. 

The New Age Of Meme Coins

The rise of these type of digital assets, once considered nothing more than internet jokes, is now undeniable, and the growing number of listings is proof of their increasing popularity. While there is little assurance of their lasting value, Floki Inu’s recent gains and attention suggest that this type of digital currency may have some staying power.

#Binance #floki #crypto2023 #BullRun #binanceus

#Binance #binanceus #cryptocurrency

According to a local newspaper a US court approved a motion by the Securities and Exchange Commission (SEC) to freeze the assets of BAM Management and BAM Trading, which are subsidiaries of the popular cryptocurrency exchange Binance operating in the United States.

The court documents state that the SEC has urgently sought certain forms of relief against Binance Holdings Limited, BAM Trading Services, BAM Management US Holdings, and Changpeng Zhao. This relief includes an order to freeze the assets of BAM Management and BAM Trading.

The SEC's motion was filed in the US district court to preserve the current state of affairs, prevent the dissipation or withdrawal of these assets from the jurisdiction of the court, and safeguard the court's ability to provide significant relief in the form of monetary compensation for damages, interest, and civil penalties.

The court granted the asset freeze order and also directed Binance to return all fiat currencies and cryptocurrencies held in Binance.us accounts to its customers within a period of ten days. The case against Binance's US subsidiaries is currently being reviewed, and the broader consequences for Binance as a whole are yet to be determined.

In a separate development, the SEC has also accused Coinbase, another prominent cryptocurrency exchange, of violating securities law. The regulator alleges that Coinbase's services blur the lines between traditional exchanges, brokers, and clearing agencies and that Coinbase has failed to register any of these activities with the SEC.