cryptocurrencies
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#Bitcoin 's position as the seventh most valuable asset globally underscores its growing acceptance as a store of value and medium of exchange, rivaling established entities like #amazon and #Google
This development reflects the increasing institutional adoption of #cryptocurrencies and the recognition of blockchain technology's transformative potential.
$BTC $ETH
This development reflects the increasing institutional adoption of #cryptocurrencies and the recognition of blockchain technology's transformative potential.
$BTC $ETH
Rumble Stock Soars 9% After CEO Hints at Bitcoin Integration
A prominent video-sharing site, #Rumble Inc. (NASDAQ: RUM), saw a significant 9% rise in its stock price following CEO #Chris Pavlovski’s suggestion that the company would include Bitcoin in its financial plan. The increasing public acceptance of digital assets is reflected in this #development , which aligns with a more significant trend of firms adopting #cryptocurrencies into their operations.
A prominent video-sharing site, #Rumble Inc. (NASDAQ: RUM), saw a significant 9% rise in its stock price following CEO #Chris Pavlovski’s suggestion that the company would include Bitcoin in its financial plan. The increasing public acceptance of digital assets is reflected in this #development , which aligns with a more significant trend of firms adopting #cryptocurrencies into their operations.
Why Trump Should Create a U.S. Strategic Bitcoin Reserve
#bitcoin☀️ went from being a mysterious online experiment to a significant asset in #finance in the last several years. In light of President Trump’s shifting position on #cryptocurrencies , some have speculated that the US would establish a strategic Bitcoin reserve, like its strategic petroleum reserve. This proposal is based on the idea that the United States can strengthen its economy, better weather financial storms, and establish itself as a global leader in digital banking. Also Read>>> coinz4u.com
#bitcoin☀️ went from being a mysterious online experiment to a significant asset in #finance in the last several years. In light of President Trump’s shifting position on #cryptocurrencies , some have speculated that the US would establish a strategic Bitcoin reserve, like its strategic petroleum reserve. This proposal is based on the idea that the United States can strengthen its economy, better weather financial storms, and establish itself as a global leader in digital banking. Also Read>>> coinz4u.com
LTC and ADA Gear Up for a Surge—Will TON Be the Next to Join the Bullish Momentum?
AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online
Litecoin and Cardano show signs of possible growth, and Toncoin might be next. According to ChangeNOW, transaction volumes for these coins have risen. ChangeNOW is a service that lets users exchange cryptocurrencies without registration. It’s favored by savvy investors and whales who value fund safety. The surge in transactions suggests investors are accumulating, hinting at future price increases.
Litecoin Gains Momentum as Bulls Eye Key Resistance Levels
Litecoin is showing strong bullish signs, with prices currently ranging between $68 and $82. Over the past week, it has gained nearly 18%, and the monthly increase is similar.
The Relative Strength Index is above 60, indicating positive momentum, and the MACD level is in positive territory. If the price breaks through the nearest resistance at around $87, it could target the next level at $101, marking a significant rise. With technical indicators pointing upwards, Litecoin’s current market setup looks promising.
For those interested, Litecoin can be obtained on ChangeNOW with no registration and no hidden fees.
Cardano (ADA) Surges Over 50% in a Week Amid Bullish Market Signals
Cardano (ADA) has seen significant bullish activity recently, with prices climbing over 50% in the past week and nearly 75% in the last month. The current price ranges between $0.39 and $0.73, showing strong upward momentum. The 10-day and 100-day simple moving averages are both near $0.60, indicating a positive trend.
Key resistance levels lie at $0.86 and $1.20, suggesting potential targets if the upward movement continues. Technical indicators like RSI at 67 and Stochastic near 80 point towards continued bullish sentiment. Cardano can be exchanged on ChangeNOW without registration or hidden fees.
#Altcoinseason2024 #Altcoins #cryptocurrencies #CryptoNews
AIG Memes Token's #AIRDROP Is Live For Everyone, Claim Instant 10,000 AIG Tokens Worth Of $100 USDT Free, Claim Airdrop At The Official Website ➯ PlayAiGames.online
Litecoin and Cardano show signs of possible growth, and Toncoin might be next. According to ChangeNOW, transaction volumes for these coins have risen. ChangeNOW is a service that lets users exchange cryptocurrencies without registration. It’s favored by savvy investors and whales who value fund safety. The surge in transactions suggests investors are accumulating, hinting at future price increases.
Litecoin Gains Momentum as Bulls Eye Key Resistance Levels
Litecoin is showing strong bullish signs, with prices currently ranging between $68 and $82. Over the past week, it has gained nearly 18%, and the monthly increase is similar.
The Relative Strength Index is above 60, indicating positive momentum, and the MACD level is in positive territory. If the price breaks through the nearest resistance at around $87, it could target the next level at $101, marking a significant rise. With technical indicators pointing upwards, Litecoin’s current market setup looks promising.
For those interested, Litecoin can be obtained on ChangeNOW with no registration and no hidden fees.
Cardano (ADA) Surges Over 50% in a Week Amid Bullish Market Signals
Cardano (ADA) has seen significant bullish activity recently, with prices climbing over 50% in the past week and nearly 75% in the last month. The current price ranges between $0.39 and $0.73, showing strong upward momentum. The 10-day and 100-day simple moving averages are both near $0.60, indicating a positive trend.
Key resistance levels lie at $0.86 and $1.20, suggesting potential targets if the upward movement continues. Technical indicators like RSI at 67 and Stochastic near 80 point towards continued bullish sentiment. Cardano can be exchanged on ChangeNOW without registration or hidden fees.
#Altcoinseason2024 #Altcoins #cryptocurrencies #CryptoNews
#ElonMusk Issues Bold Warning on U.S. Debt Crisis as Crypto Rallies!
With the national debt skyrocketing past $35 trillion, Musk has raised alarms, calling this fiscal trajectory "unsustainable".
This comes as Bitcoin and $DOGE coin are on a tear, with the latter doubling in value, fueled by Musk’s backing and the idea of the “Department of Government Efficiency,” or $DOGE .
In a Twitter post responding to Senator Rand Paul, a longtime crypto supporter, Musk highlighted how $2 trillion deficits pose a major risk.
Paul, an advocate for alternative assets like $BTC coin, has even hinted at #cryptocurrencies as a safeguard against government overreach.
With inflationary pressure from COVID-19 relief and Fed rate hikes, many see the case for digital assets stronger than ever.
Is Bitcoin the next “national asset”? Earlier, Trump proposed creating a “national bitcoin reserve” and using BTC as part of debt management, jokingly calling it a “crypto check” strategy.
Meanwhile, Dogecoin’s momentum is undeniable.
Tesla now accepts Dogecoin, and Musk claims his DOGE Efficiency Dept.
could cut $2 trillion from federal spending.
With BTC hitting new highs at $88K and Dogecoin thriving, could the rise of crypto challenge the dollar’s dominance?
Even Mark Cuban chimed in, suggesting Musk may have plans for DOGE in U.S. policy.
#CryptoFuture #DebtCrisis #AltCoinRush
With the national debt skyrocketing past $35 trillion, Musk has raised alarms, calling this fiscal trajectory "unsustainable".
This comes as Bitcoin and $DOGE coin are on a tear, with the latter doubling in value, fueled by Musk’s backing and the idea of the “Department of Government Efficiency,” or $DOGE .
In a Twitter post responding to Senator Rand Paul, a longtime crypto supporter, Musk highlighted how $2 trillion deficits pose a major risk.
Paul, an advocate for alternative assets like $BTC coin, has even hinted at #cryptocurrencies as a safeguard against government overreach.
With inflationary pressure from COVID-19 relief and Fed rate hikes, many see the case for digital assets stronger than ever.
Is Bitcoin the next “national asset”? Earlier, Trump proposed creating a “national bitcoin reserve” and using BTC as part of debt management, jokingly calling it a “crypto check” strategy.
Meanwhile, Dogecoin’s momentum is undeniable.
Tesla now accepts Dogecoin, and Musk claims his DOGE Efficiency Dept.
could cut $2 trillion from federal spending.
With BTC hitting new highs at $88K and Dogecoin thriving, could the rise of crypto challenge the dollar’s dominance?
Even Mark Cuban chimed in, suggesting Musk may have plans for DOGE in U.S. policy.
#CryptoFuture #DebtCrisis #AltCoinRush
Top 10 Potential Growth Project #Coins2024 . Below Rapid Riser Coins Give Massive Profit. Must Buy in Spot For Long Term Hold. 🚀🔥
1. $FLOKI
2. $MEME
3. $DOGE
4. $TON
5. $1000SATS
6. $WIF
7. $PORTAL
8. $DYM
9. $SHIB
10. $BOME
NOTE: There are thousands of different #cryptocurrencies , which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies to invest in based on their market capitalization or the total value of all the coins currently in circulation.
By @Future Bull
1. $FLOKI
2. $MEME
3. $DOGE
4. $TON
5. $1000SATS
6. $WIF
7. $PORTAL
8. $DYM
9. $SHIB
10. $BOME
NOTE: There are thousands of different #cryptocurrencies , which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies to invest in based on their market capitalization or the total value of all the coins currently in circulation.
By @Future Bull
🔥🔥🔥 $XRP Starts Moving Earlier, Solana ($SOL ) Already Stronger Than Everyone Else; Does Ethereum ($ETH ) Need More Fuel?
XRP has initiated a market shift earlier than expected, breaking from recent sideways trading. Currently testing a crucial support level at $0.50, a sustained move below this could signal further bearish momentum towards the next support at $0.47. If XRP stabilizes and bounces back, it may face resistance near $0.54 and $0.56, marked by the 50-day and 100-day moving averages, respectively. Breaking the downward trendline since November is crucial for a confirmed reversal.
#solana SOL) stands out as a top performer among the top 10 #cryptocurrencies , showing a strong recovery. Trading around $90, SOL rebounded from the $78.35 support, backed by the 100-day Exponential Moving Average (EMA). Creating higher lows indicates robust buying interest. Resistance at the $100 psychological level could propel SOL to the next barrier at $110, supported by renewed risk appetite in the market.
#Ethereum (ETH) faces challenges, hovering around $2,200 with indecisive investor sentiment. The $2,200 level acts as temporary support, but the lack of bullish conviction raises concerns about its sustainability. Resistance at $2,400 has been firm, with recent selling pressure, partly attributed to Celsius Network's liquidation of approximately $1 billion in ETH. A breach of $2,000 could lead to a decline towards $1,950, while overcoming resistance may open paths to $2,500 and $2,600.
Please note that the information provided is for educational and informational purposes only and should not be considered financial advice.
Source - u.today
#CryptoNews #BinanceSquare
XRP has initiated a market shift earlier than expected, breaking from recent sideways trading. Currently testing a crucial support level at $0.50, a sustained move below this could signal further bearish momentum towards the next support at $0.47. If XRP stabilizes and bounces back, it may face resistance near $0.54 and $0.56, marked by the 50-day and 100-day moving averages, respectively. Breaking the downward trendline since November is crucial for a confirmed reversal.
#solana SOL) stands out as a top performer among the top 10 #cryptocurrencies , showing a strong recovery. Trading around $90, SOL rebounded from the $78.35 support, backed by the 100-day Exponential Moving Average (EMA). Creating higher lows indicates robust buying interest. Resistance at the $100 psychological level could propel SOL to the next barrier at $110, supported by renewed risk appetite in the market.
#Ethereum (ETH) faces challenges, hovering around $2,200 with indecisive investor sentiment. The $2,200 level acts as temporary support, but the lack of bullish conviction raises concerns about its sustainability. Resistance at $2,400 has been firm, with recent selling pressure, partly attributed to Celsius Network's liquidation of approximately $1 billion in ETH. A breach of $2,000 could lead to a decline towards $1,950, while overcoming resistance may open paths to $2,500 and $2,600.
Please note that the information provided is for educational and informational purposes only and should not be considered financial advice.
Source - u.today
#CryptoNews #BinanceSquare
$BTC
#BTC - The bearish play posted in previous update played out to the T. Just like we predicted. 🎯
If price is to continue its bullish market structure then below pivot at $38k should hold otherwise it will be a revisit to $30k.
#TradeNTell
#cryptocurrencies
#BTC - The bearish play posted in previous update played out to the T. Just like we predicted. 🎯
If price is to continue its bullish market structure then below pivot at $38k should hold otherwise it will be a revisit to $30k.
#TradeNTell
#cryptocurrencies
#Solana has outperformed #Bitcoin and several other #cryptocurrencies with 213% gains this year in 2023 and net inflows at $74 million.
bitcoin
Based on data sourced from Bitinfocharts, the address labelled as “bc1q….59v2” embarked on its #bitcoin accumulation venture on May 8, 2022, with an initial acquisition of 0.25 BTC. This initial #investment marked the genesis of a progressively accelerating accumulation trend that persisted until its most recent transaction on June 28.
The entity is now the third largest whale and sits just behind crypto exchanges Bitfinex, which holds 178,010 BTC and Binance, which has 248,5097 BTC.
Nonetheless, as this development comes to light, the cryptocurrency community has begun to scrutinize this whale’s identity, with speculations that it might represent an institutional acquisition. Notably amid these discussions is the persistent mention of BlackRock, with various individuals now convinced that the hedge fund is actively procuring the cryptocurrency asset.
BlackRock, the world’s largest asset manager with about $8.59 trillion of assets under management, recently filed for a spot Bitcoin ETF, joining the likes of Ark Invest and Wisdom Tree, who have expressed a strong desire to invest in the world’s largest cryptocurrency. In an interview last month, Larry Fink, CEO of BlackRock, disclosed the surging demand for #cryptocurrencies , particularly among its gold investors, noting that that’s why they believed there’s a great opportunity in the sector.
However, on Tuesday, famous #crypto reporter Wu Blockchain linked the mysterious address to Gemini, stating that it was just a routine reorganization of its Bitcoin wallets.
“Gemini has transferred bitcoins to the new address bc1q….59v2 in the past 3 months. It currently holds 118,000 bitcoins, or about 3.08 billion U.S. dollars.” Wrote Wu Blockchain. And although Gemini was yet to confirm the transfers, following a thorough scrutiny of the Bitcoin movements, ZyCrypto confirmed the transfers between the two wallets.
Crypto exchanges routinely move huge sums of crypto assets to new wallet addresses to fortify their defence against threats such as potential cyber threats and ensure the safety of users’ digital assets.
Binance is perhaps the most active when it comes to this activity. In June, the exchange moved 15,000 BTC valued at around $396.6 million to a new cold wallet. The exchange also transferred a much more significant sum of 117,000 #BTC worth over $3 billion from another cold wallet address to a new
$BTC
The entity is now the third largest whale and sits just behind crypto exchanges Bitfinex, which holds 178,010 BTC and Binance, which has 248,5097 BTC.
Nonetheless, as this development comes to light, the cryptocurrency community has begun to scrutinize this whale’s identity, with speculations that it might represent an institutional acquisition. Notably amid these discussions is the persistent mention of BlackRock, with various individuals now convinced that the hedge fund is actively procuring the cryptocurrency asset.
BlackRock, the world’s largest asset manager with about $8.59 trillion of assets under management, recently filed for a spot Bitcoin ETF, joining the likes of Ark Invest and Wisdom Tree, who have expressed a strong desire to invest in the world’s largest cryptocurrency. In an interview last month, Larry Fink, CEO of BlackRock, disclosed the surging demand for #cryptocurrencies , particularly among its gold investors, noting that that’s why they believed there’s a great opportunity in the sector.
However, on Tuesday, famous #crypto reporter Wu Blockchain linked the mysterious address to Gemini, stating that it was just a routine reorganization of its Bitcoin wallets.
“Gemini has transferred bitcoins to the new address bc1q….59v2 in the past 3 months. It currently holds 118,000 bitcoins, or about 3.08 billion U.S. dollars.” Wrote Wu Blockchain. And although Gemini was yet to confirm the transfers, following a thorough scrutiny of the Bitcoin movements, ZyCrypto confirmed the transfers between the two wallets.
Crypto exchanges routinely move huge sums of crypto assets to new wallet addresses to fortify their defence against threats such as potential cyber threats and ensure the safety of users’ digital assets.
Binance is perhaps the most active when it comes to this activity. In June, the exchange moved 15,000 BTC valued at around $396.6 million to a new cold wallet. The exchange also transferred a much more significant sum of 117,000 #BTC worth over $3 billion from another cold wallet address to a new
$BTC
🚨Right now, the $ENA coin market isn't doing well.
👉🏿👉🏿👉🏿👉🏿get free FDUSD rewards from my profile in post.👈👈👈👈☑️☑️☑️
It's being traded at $0.635, and there aren't many people buying or selling. Some folks who bought ENA for less than $0.3 before its launch are selling now to make money, especially if they can sell for more than $0.8 or $0.6 per ENA.
If you bought ENA right after it launched at $0.8 or $0.6, the price has stayed pretty much the same. It's not going up or down much.
If you bought ENA at a higher price and are thinking about selling, it might be best to wait and see. If you're thinking of buying, it's probably smart to wait for the next 2-3 days. You might be able to buy ENA for around $0.45 and make some money.
But remember, this is just a suggestion, not financial advice. Always do your own research before buying or selling.
#cryptocurrencies #HotTrends #bullruns
👉🏿👉🏿👉🏿👉🏿get free FDUSD rewards from my profile in post.👈👈👈👈☑️☑️☑️
It's being traded at $0.635, and there aren't many people buying or selling. Some folks who bought ENA for less than $0.3 before its launch are selling now to make money, especially if they can sell for more than $0.8 or $0.6 per ENA.
If you bought ENA right after it launched at $0.8 or $0.6, the price has stayed pretty much the same. It's not going up or down much.
If you bought ENA at a higher price and are thinking about selling, it might be best to wait and see. If you're thinking of buying, it's probably smart to wait for the next 2-3 days. You might be able to buy ENA for around $0.45 and make some money.
But remember, this is just a suggestion, not financial advice. Always do your own research before buying or selling.
#cryptocurrencies #HotTrends #bullruns
⏳️🤔Cuánto tiempo más esperas para invertir en #cryptocurrencies Es el momento exacto ahora mismo ✍️♾️ #cryptocurrencies seremos, si te dejas enseñar 🌐💯$BTC $PEOPLE
#BitcoinHalving #btchalving2024 #BitcoinETF💰💰💰
#BitcoinHalving #btchalving2024 #BitcoinETF💰💰💰
#cryptocurrencies! are awaiting an important and long-awaited decision... and the market is falling ahead of the imminent transformation.
_This week contains a series of important watershed dates in the future of #cryptocurrencies , as it is the culmination of a years-long campaign to launch Bitcoin-backed exchange-traded funds in the United States. Bitcoin ETF issuers have been given a deadline of Monday morning in Washington to submit any reviews on their pending orders. The US Securities and Exchange Commission has until January 10 to take action on at least one of these requests, with those familiar with the matter speculating that the regulator will use this date to announce a large number of decisions at once, according to Bloomberg.
Meanwhile, there are two technical requirements that must be met before Bitcoin ETFs can be approved. First, the SEC must sign off on so-called 19b-4 filings by exchanges that would list ETFs. Second, the regulator must approve the relevant S-1 forms, which are registration applications from potential issuers — which include #BlackRockInCrypto and Fidelity. The SEC plans to vote on the exchanges' filings, 19b-4s, in the coming days, Bloomberg News reported. The regulator may or may not take action on issuers' applications, S-1s, at around the same time. If the SEC grants both groups the required approvals, the ETFs could begin trading the next business day
Impact of #ETFs.Bitcoin.backers say ETFs backed by the cryptocurrency's largest token will mark a watershed moment for the digital asset.
$BTC $ETH $BNB
#follow To see more breaking news 🔥🚀💯
_This week contains a series of important watershed dates in the future of #cryptocurrencies , as it is the culmination of a years-long campaign to launch Bitcoin-backed exchange-traded funds in the United States. Bitcoin ETF issuers have been given a deadline of Monday morning in Washington to submit any reviews on their pending orders. The US Securities and Exchange Commission has until January 10 to take action on at least one of these requests, with those familiar with the matter speculating that the regulator will use this date to announce a large number of decisions at once, according to Bloomberg.
Meanwhile, there are two technical requirements that must be met before Bitcoin ETFs can be approved. First, the SEC must sign off on so-called 19b-4 filings by exchanges that would list ETFs. Second, the regulator must approve the relevant S-1 forms, which are registration applications from potential issuers — which include #BlackRockInCrypto and Fidelity. The SEC plans to vote on the exchanges' filings, 19b-4s, in the coming days, Bloomberg News reported. The regulator may or may not take action on issuers' applications, S-1s, at around the same time. If the SEC grants both groups the required approvals, the ETFs could begin trading the next business day
Impact of #ETFs.Bitcoin.backers say ETFs backed by the cryptocurrency's largest token will mark a watershed moment for the digital asset.
$BTC $ETH $BNB
#follow To see more breaking news 🔥🚀💯
Hopefully before this week will run out #BTC will set a new ATH
#CryptoNews #cryptocurrencies #Bitcoin #Ethereum(ETH) #BTC $BTC
#CryptoNews #cryptocurrencies #Bitcoin #Ethereum(ETH) #BTC $BTC
Is the digital economy a great scenario to protect your money from inflation?
#cryptoday #cryptocurrencies
#cryptoday #cryptocurrencies
Yes
59%
No
18%
Yes, DYOR and SAFU
23%
17 ψήφοι • Η ψηφοφορία ολοκληρώθηκε
👉👉👉 #RBI Chief: Crypto Threatens Rupee Stability, Urges Investors to Be Cautious
The head of India's central bank, Shaktikanta Das, issued stern warnings about the significant risks associated with cryptocurrencies, particularly for emerging market economies, during the World Economic Forum in Davos. Das emphasized the lack of underlying value in #cryptocurrencies , stating that while they are not currencies, they have the potential to become part of the payment system, posing risks to financial stability, currency stability, and the monetary system.
Commenting on the U.S. Securities and Exchange Commission's approval of spot bitcoin exchange-traded funds (ETFs), Das expressed caution, noting that while some may see it as a cryptocurrency party, there are substantial risks involved. He highlighted the U.S. #SEC's responsibility for their nation's well-being, drawing a distinction from India's perspective.
Das, a longstanding critic of bitcoin and cryptocurrencies, reiterated concerns about volatility, money laundering, and terror financing risks inherent in these assets. He recalled the cryptocurrency crash from a few years ago and stressed the need for careful consideration, stating that celebrating new developments in the crypto space without acknowledging the associated risks could be shortsighted.
In January of the previous year, Das had strongly recommended a complete ban on cryptocurrencies in India, expressing concerns about their potential impact on the economy and the authority of the Reserve Bank. He argued that allowing cryptocurrencies would undermine the central bank's control over the money supply and could lead to the dollarization of the economy.
Source - news.bitcoin.com
#CryptoNews #BinanceSquare
The head of India's central bank, Shaktikanta Das, issued stern warnings about the significant risks associated with cryptocurrencies, particularly for emerging market economies, during the World Economic Forum in Davos. Das emphasized the lack of underlying value in #cryptocurrencies , stating that while they are not currencies, they have the potential to become part of the payment system, posing risks to financial stability, currency stability, and the monetary system.
Commenting on the U.S. Securities and Exchange Commission's approval of spot bitcoin exchange-traded funds (ETFs), Das expressed caution, noting that while some may see it as a cryptocurrency party, there are substantial risks involved. He highlighted the U.S. #SEC's responsibility for their nation's well-being, drawing a distinction from India's perspective.
Das, a longstanding critic of bitcoin and cryptocurrencies, reiterated concerns about volatility, money laundering, and terror financing risks inherent in these assets. He recalled the cryptocurrency crash from a few years ago and stressed the need for careful consideration, stating that celebrating new developments in the crypto space without acknowledging the associated risks could be shortsighted.
In January of the previous year, Das had strongly recommended a complete ban on cryptocurrencies in India, expressing concerns about their potential impact on the economy and the authority of the Reserve Bank. He argued that allowing cryptocurrencies would undermine the central bank's control over the money supply and could lead to the dollarization of the economy.
Source - news.bitcoin.com
#CryptoNews #BinanceSquare
The Start Of Bitcoin
#bitcoin , the pioneer of #cryptocurrencies , emerged in the aftermath of the 2008 global financial crisis, introducing a revolutionary concept of decentralized digital currency. Its origin can be traced back to a pseudonymous individual or group known as Satoshi Nakamoto, who released the Bitcoin whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" in October 2008. #nakamoto 's true identity remains shrouded in mystery, adding an intriguing layer to Bitcoin's narrative.The whitepaper outlined a vision for a peer-to-peer electronic cash system that operated on a decentralized network using blockchain technology. The groundbreaking aspect of Bitcoin was its ability to enable trustless transactions without the need for intermediaries like banks. The underlying technology, blockchain, is a distributed ledger that records all transactions across a network of computers, ensuring transparency and immutability.THE CREATORIn January 2009, Nakamoto mined the first block of the Bitcoin blockchain, known as the "genesis block" or "Block 0." This marked the birth of the Bitcoin network, and Nakamoto embedded a message in the coinbase parameter of this block, referencing a headline from The Times newspaper: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." It was a poignant commentary on the instability of traditional financial systems and a hint at Bitcoin's potential as a decentralized alternative.HOW IT WORKSBitcoin mining, the process by which new bitcoins are created and transactions are added to the blockchain, became the backbone of the network. The finite supply of 21 million bitcoins ensured scarcity, drawing parallels to precious metals like gold.Over the years, Bitcoin has experienced significant price volatility, attracting attention from investors, speculators, and mainstream institutions. Its decentralized nature and the concept of "digital gold" have fueled debates about its role in the future of finance.In conclusion, Bitcoin's origin is rooted in a response to the flaws of traditional financial systems, offering a decentralized alternative with the potential to redefine the way we perceive and engage in transactions. Satoshi Nakamoto's vision has sparked a global movement, leaving an indelible mark on the evolution of digital currencies.#BTC #etf $BTC $BNB $USDC
🔥🔥🔥 #BitcoinETFs buy 95,000 BTC as assets under management hit $4 billion
The "Newborn Nine" Bitcoin ETFs have amassed a combined total of 95,000 BTC, with assets under management (AUM) approaching $4 billion, as indicated by available data.
Bloomberg ETF analyst Eric Balchunas emphasizes the substantial capital influx, showcasing the increasing investor appetite for digital assets and the growing acceptance of #cryptocurrencies in mainstream finance. Notably, these ETFs have defied the typical drop in trading volume after launch, with a 34% increase on the fifth day of trading.
In the $1 billion club, BlackRock's IBIT and Fidelity's FBTC lead in growth, each attracting over $1.2 billion and holding slightly over 30,000 Bitcoin. While Fidelity's FBTC has higher inflows, BlackRock's IBIT leads in AUM with $1.4 billion compared to Fidelity's nearly $1.3 billion. Other noteworthy ETFs, including Invesco's and VanEck's, have demonstrated significant growth, breaking the $100 million mark in AUM within days.
Additional ETFs, such as Valkyrie Investments and Franklin Templeton, report AUM at $71.7 million and $48.6 million, respectively, as of Jan. 19. WisdomTree has yet to surpass the $10 million mark. Notably, this capital influx into new Bitcoin ETFs has surpassed outflows from the Grayscale Bitcoin Trust (#gbtc ), which experienced a $2.8 billion decrease in AUM during the same period.
GBTC witnessed a reduction in spot Bitcoin shares, losing $1.62 billion in the first four days. This shift suggests investor preference for the new ETFs, attributed to their regulatory clarity and accessibility, despite Bitcoin's volatility and recent sell-off.
Source - cryptoslate.com
#CryptoNews #BinanceSquare $BTC
The "Newborn Nine" Bitcoin ETFs have amassed a combined total of 95,000 BTC, with assets under management (AUM) approaching $4 billion, as indicated by available data.
Bloomberg ETF analyst Eric Balchunas emphasizes the substantial capital influx, showcasing the increasing investor appetite for digital assets and the growing acceptance of #cryptocurrencies in mainstream finance. Notably, these ETFs have defied the typical drop in trading volume after launch, with a 34% increase on the fifth day of trading.
In the $1 billion club, BlackRock's IBIT and Fidelity's FBTC lead in growth, each attracting over $1.2 billion and holding slightly over 30,000 Bitcoin. While Fidelity's FBTC has higher inflows, BlackRock's IBIT leads in AUM with $1.4 billion compared to Fidelity's nearly $1.3 billion. Other noteworthy ETFs, including Invesco's and VanEck's, have demonstrated significant growth, breaking the $100 million mark in AUM within days.
Additional ETFs, such as Valkyrie Investments and Franklin Templeton, report AUM at $71.7 million and $48.6 million, respectively, as of Jan. 19. WisdomTree has yet to surpass the $10 million mark. Notably, this capital influx into new Bitcoin ETFs has surpassed outflows from the Grayscale Bitcoin Trust (#gbtc ), which experienced a $2.8 billion decrease in AUM during the same period.
GBTC witnessed a reduction in spot Bitcoin shares, losing $1.62 billion in the first four days. This shift suggests investor preference for the new ETFs, attributed to their regulatory clarity and accessibility, despite Bitcoin's volatility and recent sell-off.
Source - cryptoslate.com
#CryptoNews #BinanceSquare $BTC