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💥💥💥 Parabolic Rally In The Making? Bitcoin Regains $70,000 As Traders’ Paper Profits Collapse To 3%
#Bitcoin's Consolidation and Bullish Outlook
- Bitcoin (BTC) has recently consolidated between $67,000 and $70,000 after a brief correction in early May. This period coincides with renewed #ETF✅ inflows and reduced selling pressure.
Reduced Selling Pressure and Market Sentiment
- Julio Moreno of CryptoQuant notes that Bitcoin's current price level sees significantly lower selling pressure compared to previous peaks, indicating exhaustion of heavy selling. Santiment data shows Bitcoin's market cap surpassing $70 billion independently of the stock market, signaling positive market sentiment.
Pre-Breakout Consolidation Phase
- Rekt Capital observes Bitcoin's recent weekly candle closing below range high resistance, suggesting further consolidation within the $60,000 to $70,000 range. This aligns with the belief in two remaining phases of the bull cycle: re-accumulation and a parabolic rally.
Anticipated Bullish Momentum
- Historically, Bitcoin consolidates around all-time highs before significant bull runs. With the current consolidation at elevated levels, expectations are for a post-Halving rally to propel Bitcoin even higher than its mid-March peak of $73,700.
Current Market Performance
- Bitcoin has gained 2% in the past 24 hours and 10% in the past month, currently trading at $70,200. This positions Bitcoin at a critical stage in its bull cycle, with potential for a transition from consolidation to a parabolic surge.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareBTC #cryptocurrencry
#Bitcoin's Consolidation and Bullish Outlook
- Bitcoin (BTC) has recently consolidated between $67,000 and $70,000 after a brief correction in early May. This period coincides with renewed #ETF✅ inflows and reduced selling pressure.
Reduced Selling Pressure and Market Sentiment
- Julio Moreno of CryptoQuant notes that Bitcoin's current price level sees significantly lower selling pressure compared to previous peaks, indicating exhaustion of heavy selling. Santiment data shows Bitcoin's market cap surpassing $70 billion independently of the stock market, signaling positive market sentiment.
Pre-Breakout Consolidation Phase
- Rekt Capital observes Bitcoin's recent weekly candle closing below range high resistance, suggesting further consolidation within the $60,000 to $70,000 range. This aligns with the belief in two remaining phases of the bull cycle: re-accumulation and a parabolic rally.
Anticipated Bullish Momentum
- Historically, Bitcoin consolidates around all-time highs before significant bull runs. With the current consolidation at elevated levels, expectations are for a post-Halving rally to propel Bitcoin even higher than its mid-March peak of $73,700.
Current Market Performance
- Bitcoin has gained 2% in the past 24 hours and 10% in the past month, currently trading at $70,200. This positions Bitcoin at a critical stage in its bull cycle, with potential for a transition from consolidation to a parabolic surge.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareBTC #cryptocurrencry
🚨 Legal Update 🚨
📆 On Dec 20, a U.S. appeals court finalized the forfeiture of 69,370 Bitcoins tied to Silk Road. Ross Ulbricht, the founder and 'Individual X' were named. The U.S. govt. now holds control, following a hacking incident outlined in the initial complaint.
🔐 Silk Road's founder, Ross Ulbricht, serving a life sentence, established the dark web marketplace from 2011-2013. The recent forfeiture of 69,370 Bitcoins underscores the government's authority over seized digital assets.
💰 In 2022, Ulbricht agreed to allocate $3B worth of stolen Bitcoin to settle debts with the U.S. government, forfeiting rights to 69,470 Bitcoins. A wallet holding 69,369 BTC saw its first movement since 2015.
🤔 Will the U.S. govt. hold or sell the BTC?
Despite selling 10,000 Bitcoins in March, with Bitcoin prices rising 100% in 2023, analysts suggest holding. Bullish sentiment surrounds a potential Bitcoin ETF approval and the 2024 Bitcoin halving, with price targets of $100K and beyond.
#SilkRoadBitcoin #BTC!💰 #cryptocurrencry #Bitcoin #CryptoNews🔒📰🚫
📆 On Dec 20, a U.S. appeals court finalized the forfeiture of 69,370 Bitcoins tied to Silk Road. Ross Ulbricht, the founder and 'Individual X' were named. The U.S. govt. now holds control, following a hacking incident outlined in the initial complaint.
🔐 Silk Road's founder, Ross Ulbricht, serving a life sentence, established the dark web marketplace from 2011-2013. The recent forfeiture of 69,370 Bitcoins underscores the government's authority over seized digital assets.
💰 In 2022, Ulbricht agreed to allocate $3B worth of stolen Bitcoin to settle debts with the U.S. government, forfeiting rights to 69,470 Bitcoins. A wallet holding 69,369 BTC saw its first movement since 2015.
🤔 Will the U.S. govt. hold or sell the BTC?
Despite selling 10,000 Bitcoins in March, with Bitcoin prices rising 100% in 2023, analysts suggest holding. Bullish sentiment surrounds a potential Bitcoin ETF approval and the 2024 Bitcoin halving, with price targets of $100K and beyond.
#SilkRoadBitcoin #BTC!💰 #cryptocurrencry #Bitcoin #CryptoNews🔒📰🚫
Our all predictions about $SOL got true... 🤩😍🚀🚀🚀...
Follow #MarsNext for more educational & analytical content for #cryptocurrencry and #blockchain tech....
Follow #MarsNext for more educational & analytical content for #cryptocurrencry and #blockchain tech....
"Shiba Inu's Lead Enthusiastic as Ethereum Community Embraces Latest SHIB Breakthrough"
Shiba Inu lead developer Shytoshi Kusama calls the broader crypto community to join SHIB’s move for authentic domain naming and digital identities.
Read more on: https://thecryptobasic.com/2023/12/20/shiba-inu-lead-optimistic-about-ethereum-community-backing-this-new-shib-development/
#Shiba.Inu-SHIB #ShibaInuEcosystem #cryptocurrencry #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/20/shiba-inu-lead-optimistic-about-ethereum-community-backing-this-new-shib-development/
#Shiba.Inu-SHIB #ShibaInuEcosystem #cryptocurrencry #CryptoNews🔒📰🚫
"CryptoCom Unleashes Mega Giveaway: $15,000 in Bitcoin Bonanza for Shiba Inu Traders!"
A new campaign on the popular crypto exchange wants to reward users who trade Shiba Inu (SHIB) and other meme coins.
Read more on: https://thecryptobasic.com/2023/12/19/cryptocom-to-give-away-15000-in-bitcoin-to-shiba-inu-traders/
#Shiba.Inu-SHIB #ShibaInuEcosystem #cryptocurrencry #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/19/cryptocom-to-give-away-15000-in-bitcoin-to-shiba-inu-traders/
#Shiba.Inu-SHIB #ShibaInuEcosystem #cryptocurrencry #CryptoNews🔒📰🚫
📌21/12/2023
💵BTC/USDT
🔥Long Entry catching on "RPT0.1" Indicator
✍️ with basic Resistance & Support Analysis
#BTC #crypto2024catch #Signal🚥
#cryptocurrencry
💵BTC/USDT
🔥Long Entry catching on "RPT0.1" Indicator
✍️ with basic Resistance & Support Analysis
#BTC #crypto2024catch #Signal🚥
#cryptocurrencry
$MEME Long
Entry: Market (0.0298)
Targets: 0.0327 - 0.0358
SL: 0.0287
#MemeCoinCraze #MemeCoinAnalysis #cryptocurrencry #tradeAlert #TradeSignal
Entry: Market (0.0298)
Targets: 0.0327 - 0.0358
SL: 0.0287
#MemeCoinCraze #MemeCoinAnalysis #cryptocurrencry #tradeAlert #TradeSignal
Title: Unraveling the Shiba Inu Coin Phenomenon
Introduction:$SHIB The cryptocurrency world has seen a surge in popularity, with various altcoins gaining attention for their unique features and potential for high returns. Among these, Shiba Inu Coin has emerged as a notable player, capturing the interest of investors and enthusiasts alike. In this article, we'll delve into the world of Shiba Inu Coin, exploring its origin, features, and the factors that have contributed to its widespread appeal.Origin and Background:Shiba Inu Coin, often referred to as the "Dogecoin Killer," was created in August 2020 by an anonymous individual or group known as "Ryoshi." The coin's name and logo are inspired by the Shiba Inu dog breed, a popular Japanese dog known for its loyalty and charm. The community-driven nature of the project is evident, with the developers fostering a sense of community involvement and engagement.Key Features:1. Decentralization: Shiba Inu Coin operates on the Ethereum blockchain, embracing the decentralized nature of blockchain technology. This means that the coin is not controlled by a central authority, promoting transparency and security.2. Tokenomics: Shiba Inu Coin has an interesting tokenomics structure. The ecosystem includes SHIB (Shiba Inu), LEASH (a token pegged to the price of Dogecoin), and BONE (a governance token). These tokens serve different purposes within the Shiba Inu ecosystem, providing holders with various opportunities for participation.3. Meme Coin Culture: Shiba Inu Coin owes part of its popularity to its meme coin status. Memes and online communities have played a significant role in promoting the coin and creating a sense of camaraderie among its supporters. The community often refers to themselves as the "Shiba Army."Community and Social Media Presence:The success of Shiba Inu Coin can be attributed in part to its active and engaged community. Social media platforms, especially Twitter and Reddit, have become hotbeds for discussions, updates, and memes related to the coin. The Shiba Army's passion and dedication have contributed to the coin's visibility and widespread adoption.Price Volatility and Risks:As with many cryptocurrencies, Shiba Inu Coin has experienced significant price volatility. While some investors have reaped substantial profits, others have faced losses. It's crucial for potential investors to understand the risks associated with such speculative assets and conduct thorough research before making investment decisions.Regulatory Considerations:The cryptocurrency landscape is subject to evolving regulatory frameworks. Investors should stay informed about the legal and regulatory aspects of owning and trading Shiba Inu Coin, as changes in regulations can impact the coin's value and accessibility.Conclusion:Shiba Inu Coin's journey from relative obscurity to a mainstream meme coin reflects the dynamic nature of the cryptocurrency market. Whether it's the community-driven ethos, the meme culture, or the unique tokenomics, Shiba Inu Coin has captured the attention of crypto enthusiasts worldwide. As with any investment, potential investors should approach Shiba Inu Coin with caution, understanding the risks and staying informed about market trends and developments.#SHIB💥 #crypto #cryptocurrencry #btc #bearish
"Ripple CEO Stands Firm, Vows Ongoing Support for Pro-Crypto Candidates"
Brad Garlinghouse, the CEO of Ripple, has reaffirmed the company’s commitment to bankroll pro-crypto candidates in the 2024 US election cycle financially.
Read more on: https://thecryptobasic.com/2023/12/19/ripple-ceo-reaffirms-commitment-to-finance-pro-crypto-candidates/
#RippleUpdate #Ripple-XRP #RippleRevolution #cryptocurrencry #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/19/ripple-ceo-reaffirms-commitment-to-finance-pro-crypto-candidates/
#RippleUpdate #Ripple-XRP #RippleRevolution #cryptocurrencry #CryptoNews🔒📰🚫
Start with $100
With crypto still very much in its infancy, you don’t need a lot of money to make it big! A small investment of just $100 could be worth $1000s by the same
time next year, provided that you take the time to learn
and choose the right investments. Small initial investment lowers both the risk and the barrier of entry, for
the benefit of a larger potential gain than any other market. #BTC #cryptocurrencry
With crypto still very much in its infancy, you don’t need a lot of money to make it big! A small investment of just $100 could be worth $1000s by the same
time next year, provided that you take the time to learn
and choose the right investments. Small initial investment lowers both the risk and the barrier of entry, for
the benefit of a larger potential gain than any other market. #BTC #cryptocurrencry
🚀 SOL Rockets to $100, Leaving 54,000 Trader’s
Wrecked - BTC Dominance Slips
In a staggering ascent, marking a meteoric rise. The crypto space, led by Solana, witnessed a whirlwind of gains, resulting in a seismic shift. Here’s the breakdown;
📈 Altcoin Surge and Liquidations;
Many altcoins, driven by Solana’s momentum, experienced significant gains, toppling over $150 million in liquidated positions. The aftermath: over 50,000 traders left in the wake of this explosive market movement.
🚀 SOl’s Remarkable Journey;
In a matter of weeks, Solana’s native token has transformed the crypto landscape. From languishing below $50 a month ago, SOL soared to an impressive $100 today, outpacing even its April 2022 peak.
🏆 Altcoin Standing;
Surging ahead, SOL not only overtook XRP but also claimed the fourth spot, showcasing a 17% surge. This comes amid BNB’s notable 7% surge, reaching its own multi-month peak at $275.
📉 Impact on BTC Dominance;
While Bitcoin saw a modest 1.5% increase, the collective rise in altcoin has chipped away at BTC’s dominance, reducing it by 0.5% to just under 52% on CoinMarketCap.
⚠️ Trader Casualties and Liquidation Figures;
As the altcoin rallies unfolded, over-leverage traders bore the brunt, with a staggering 54,000 individuals liquidated in the past day. The total liquidation value reached close to $150 million, highlighting the volatility of the current market.
The crypto landscape continues to evolve rapidly. Stay tuned for more insights and updates.
📌 For real-time updates and I’m-depth analysis, follow The Blockopedia. Don’t miss a beat in the dynamic world 🌎 of cryptocurrency! 🪙
#sol #SolanaSurge #CryptoChristmas #cryptocurrencry #crypto2023
Wrecked - BTC Dominance Slips
In a staggering ascent, marking a meteoric rise. The crypto space, led by Solana, witnessed a whirlwind of gains, resulting in a seismic shift. Here’s the breakdown;
📈 Altcoin Surge and Liquidations;
Many altcoins, driven by Solana’s momentum, experienced significant gains, toppling over $150 million in liquidated positions. The aftermath: over 50,000 traders left in the wake of this explosive market movement.
🚀 SOl’s Remarkable Journey;
In a matter of weeks, Solana’s native token has transformed the crypto landscape. From languishing below $50 a month ago, SOL soared to an impressive $100 today, outpacing even its April 2022 peak.
🏆 Altcoin Standing;
Surging ahead, SOL not only overtook XRP but also claimed the fourth spot, showcasing a 17% surge. This comes amid BNB’s notable 7% surge, reaching its own multi-month peak at $275.
📉 Impact on BTC Dominance;
While Bitcoin saw a modest 1.5% increase, the collective rise in altcoin has chipped away at BTC’s dominance, reducing it by 0.5% to just under 52% on CoinMarketCap.
⚠️ Trader Casualties and Liquidation Figures;
As the altcoin rallies unfolded, over-leverage traders bore the brunt, with a staggering 54,000 individuals liquidated in the past day. The total liquidation value reached close to $150 million, highlighting the volatility of the current market.
The crypto landscape continues to evolve rapidly. Stay tuned for more insights and updates.
📌 For real-time updates and I’m-depth analysis, follow The Blockopedia. Don’t miss a beat in the dynamic world 🌎 of cryptocurrency! 🪙
#sol #SolanaSurge #CryptoChristmas #cryptocurrencry #crypto2023
Polkadot faces challenges as traders take bearish stance despite price surge.
The percentage of short positions rose from 49% to 55% in recent days
This indicates a substantial number of traders anticipating a decline in DOT's price
Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin.
According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price.
The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot.
However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT.
#cryptoexpert@Ksrawat #cryptocurrencry #TradingMastery #Bitcoinfees #crypto
The percentage of short positions rose from 49% to 55% in recent days
This indicates a substantial number of traders anticipating a decline in DOT's price
Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin.
According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price.
The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot.
However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT.
#cryptoexpert@Ksrawat #cryptocurrencry #TradingMastery #Bitcoinfees #crypto
28 crypto firms register operations with India's Financial Intelligence Unit (FIU )
In a significant move towards regulating the crypto industry in India, 28 crypto firms have registered their operations with the country's Financial Intelligence Unit (FIU). This registration is mandatory for firms dealing in virtual digital assets, as per regulations introduced in March 2023.
Some of the notable crypto firms that have registered include:
- WazirX
- CoinDCX
- CoinSwitch Kuber
- Coinswitch XZebpay
- Unocoin
- Giottus
- Bitbns
- BuyUcoin
- Mudrex
- Buyucoin
- Valr
- Bytex
- Giottus
The registration process requires crypto firms to comply with the Prevention of Money Laundering Act (PMLA), which includes:
- Maintaining Know Your Customer (KYC) records of their clients.
Reporting suspicious transactions to the FIU.
- Implementing anti-money laundering policies and procedures.
This move is seen as a positive step towards bringing greater transparency and accountability to the crypto industry in India. It is expected to help curb illegal activities such as money laundering and terrorism financing.
The registration process is ongoing, and more crypto firms are expected to register in the coming months.
Here are some of the potential benefits of regulating the crypto industry:
- Protecting investors from scams and fraud.
- Preventing money laundering and terrorism financing.
- Promoting innovation and the development of new technologies.
- Increasing the adoption of cryptocurrencies and blockchain technology.
It is important to note that the registration of these 28 crypto firms does not mean that the Indian government has endorsed or approved them. Investors should still do their own research before investing in any crypto firm.
Overall, the registration of 28 crypto firms with the FIU is a positive development for the crypto industry in India. It shows that the government is taking steps to regulate the industry and protect investors.
#CryptoNews🔒📰🚫 #CryptoWatchlist #cryptocurrencry #fiucryptoanalysis #BinanceSquare
In a significant move towards regulating the crypto industry in India, 28 crypto firms have registered their operations with the country's Financial Intelligence Unit (FIU). This registration is mandatory for firms dealing in virtual digital assets, as per regulations introduced in March 2023.
Some of the notable crypto firms that have registered include:
- WazirX
- CoinDCX
- CoinSwitch Kuber
- Coinswitch XZebpay
- Unocoin
- Giottus
- Bitbns
- BuyUcoin
- Mudrex
- Buyucoin
- Valr
- Bytex
- Giottus
The registration process requires crypto firms to comply with the Prevention of Money Laundering Act (PMLA), which includes:
- Maintaining Know Your Customer (KYC) records of their clients.
Reporting suspicious transactions to the FIU.
- Implementing anti-money laundering policies and procedures.
This move is seen as a positive step towards bringing greater transparency and accountability to the crypto industry in India. It is expected to help curb illegal activities such as money laundering and terrorism financing.
The registration process is ongoing, and more crypto firms are expected to register in the coming months.
Here are some of the potential benefits of regulating the crypto industry:
- Protecting investors from scams and fraud.
- Preventing money laundering and terrorism financing.
- Promoting innovation and the development of new technologies.
- Increasing the adoption of cryptocurrencies and blockchain technology.
It is important to note that the registration of these 28 crypto firms does not mean that the Indian government has endorsed or approved them. Investors should still do their own research before investing in any crypto firm.
Overall, the registration of 28 crypto firms with the FIU is a positive development for the crypto industry in India. It shows that the government is taking steps to regulate the industry and protect investors.
#CryptoNews🔒📰🚫 #CryptoWatchlist #cryptocurrencry #fiucryptoanalysis #BinanceSquare
👉👉👉 #UniSwap (UNI) soars 50% after governance proposal unveiled
Uniswap ($UNI ), a leading decentralized finance (#DEFI ) protocol, surged by over 50% following a governance proposal aimed at enhancing the protocol's decision-making process and incentivizing UNI token holders. The proposal advocates for a fee-sharing mechanism rewarding staked and delegated UNI holders, fostering greater governance engagement.
This significant price surge reflects the market's positive response to initiatives bolstering decentralized governance and community involvement within Uniswap. The proposal, led by Erin Koen, seeks to energize governance and reward token holders, departing from previous fee-sharing initiatives.
If approved, the upgrade will enable fee collection distributed to staked and delegated UNI holders. Currently trading at $12, UNI's price surged by nearly 50% within 24 hours, reaching its highest level since April 2022. Excitement around the proposal drove open interest to $174.4 million, with liquidations of short positions totaling $3.07 million, compared to $1.78 million in long positions.
Over 500,000 UNI tokens, valued at around $3 million, were acquired before the proposal's public disclosure. A snapshot ballot is scheduled for March 1, 2024, followed by an on-chain vote on March 8, 2024.
Source - cryptopolitan.com
#CryptoNews #BinanceSquare #cryptocurrencry
Uniswap ($UNI ), a leading decentralized finance (#DEFI ) protocol, surged by over 50% following a governance proposal aimed at enhancing the protocol's decision-making process and incentivizing UNI token holders. The proposal advocates for a fee-sharing mechanism rewarding staked and delegated UNI holders, fostering greater governance engagement.
This significant price surge reflects the market's positive response to initiatives bolstering decentralized governance and community involvement within Uniswap. The proposal, led by Erin Koen, seeks to energize governance and reward token holders, departing from previous fee-sharing initiatives.
If approved, the upgrade will enable fee collection distributed to staked and delegated UNI holders. Currently trading at $12, UNI's price surged by nearly 50% within 24 hours, reaching its highest level since April 2022. Excitement around the proposal drove open interest to $174.4 million, with liquidations of short positions totaling $3.07 million, compared to $1.78 million in long positions.
Over 500,000 UNI tokens, valued at around $3 million, were acquired before the proposal's public disclosure. A snapshot ballot is scheduled for March 1, 2024, followed by an on-chain vote on March 8, 2024.
Source - cryptopolitan.com
#CryptoNews #BinanceSquare #cryptocurrencry
This wallet made $200,000 from a single airdrop!!!
It's not luck at all.
During his career, he claimed more than 15 of the most profitable airdrops.
I will post his wallet address here for yall to see what he's farming now
Follow, Share and Comment if you want me to post his wallet
#Johnmiracleweb3 #Airdrop🪂 #cryptocurrencry
It's not luck at all.
During his career, he claimed more than 15 of the most profitable airdrops.
I will post his wallet address here for yall to see what he's farming now
Follow, Share and Comment if you want me to post his wallet
#Johnmiracleweb3 #Airdrop🪂 #cryptocurrencry
Is the Crypto Market Facing a Major Shift? Uncovering the Latest Trends and What They Mean for You
In recent cryptocurrency market trends, a significant shift is observed in investment patterns and the overall market sentiment.
1. Bitcoin's Price Fluctuation: #Bitcoin's value has recently seen a notable dip, falling below key psychological levels. This is partially attributed to large-scale $BTC selling by institutional players like Grayscale and FTX's bankruptcy managers, alongside the influence of new Bitcoin ETFs in the U.S.
2. Shift in Investment Trends: There's a growing preference for lower-cost investment options, as seen in the substantial outflows from higher-cost crypto funds and the impressive inflows into new spot Bitcoin ETFs. This trend reflects an investor pivot towards more affordable and possibly more efficient crypto investment products.
3. Altcoins in Sync with Bitcoin: Other major cryptocurrencies like $ETH , $SOL , and Cardano are also experiencing a decline, mirroring Bitcoin's trends. This interconnectivity indicates a broader market reaction rather than isolated events.
4. Global Economic Influence: The crypto market isn't immune to global economic factors. For example, China's currency challenges and geopolitical actions, like sanctions against certain crypto facilitators, play a role in shaping market dynamics.
5. Innovations Continue: Despite the market downturn, advancements in the sector persist. Notable developments include the sale of high-value Bitcoin-based digital art and ongoing innovations in the #EthereumEconomy ecosystem.
This analysis offers a snapshot of the current crypto landscape, highlighting the importance of staying informed about diverse factors influencing market movements. For those invested in or considering entering the crypto market, understanding these trends is crucial for making informed decisions.
The current #cryptocurrencry market is witnessing a tug-of-war between bearish and bullish forces, reaching a delicate equilibrium. While the market shows a trend of oscillating decline in the medium term, short-term volatility is highly probable. Without clear indicators like those seen yesterday, it's vital for investors to exercise caution with their #portfolio . In this balanced but uncertain market, a strategy favoring short positions in the medium to long term while maintaining controlled exposure is advisable. Always remember, investing in cryptocurrencies involves significant risks and should be approached with due diligence and a clear understanding of market dynamics.
#Write2Earn
1. Bitcoin's Price Fluctuation: #Bitcoin's value has recently seen a notable dip, falling below key psychological levels. This is partially attributed to large-scale $BTC selling by institutional players like Grayscale and FTX's bankruptcy managers, alongside the influence of new Bitcoin ETFs in the U.S.
2. Shift in Investment Trends: There's a growing preference for lower-cost investment options, as seen in the substantial outflows from higher-cost crypto funds and the impressive inflows into new spot Bitcoin ETFs. This trend reflects an investor pivot towards more affordable and possibly more efficient crypto investment products.
3. Altcoins in Sync with Bitcoin: Other major cryptocurrencies like $ETH , $SOL , and Cardano are also experiencing a decline, mirroring Bitcoin's trends. This interconnectivity indicates a broader market reaction rather than isolated events.
4. Global Economic Influence: The crypto market isn't immune to global economic factors. For example, China's currency challenges and geopolitical actions, like sanctions against certain crypto facilitators, play a role in shaping market dynamics.
5. Innovations Continue: Despite the market downturn, advancements in the sector persist. Notable developments include the sale of high-value Bitcoin-based digital art and ongoing innovations in the #EthereumEconomy ecosystem.
This analysis offers a snapshot of the current crypto landscape, highlighting the importance of staying informed about diverse factors influencing market movements. For those invested in or considering entering the crypto market, understanding these trends is crucial for making informed decisions.
The current #cryptocurrencry market is witnessing a tug-of-war between bearish and bullish forces, reaching a delicate equilibrium. While the market shows a trend of oscillating decline in the medium term, short-term volatility is highly probable. Without clear indicators like those seen yesterday, it's vital for investors to exercise caution with their #portfolio . In this balanced but uncertain market, a strategy favoring short positions in the medium to long term while maintaining controlled exposure is advisable. Always remember, investing in cryptocurrencies involves significant risks and should be approached with due diligence and a clear understanding of market dynamics.
#Write2Earn
"Scam Alert: Xumm-Focused XRPL Product Sheds Light on Sneaky Tactics Targeting XRP Enthusiasts!"
XRPL Services, an XRPL service provider that offers various tools for the XRP Ledger and Xumm wallet, just exposed a new scam method used by scammers to target users on X.
Read more on: https://thecryptobasic.com/2023/12/18/xumm-focused-xrpl-product-exposes-new-method-used-by-scammers-to-target-xrp-investors/
#XRPledger #XRPL #Xumm #cryptocurrencry #CryptoNews🔒📰🚫
Read more on: https://thecryptobasic.com/2023/12/18/xumm-focused-xrpl-product-exposes-new-method-used-by-scammers-to-target-xrp-investors/
#XRPledger #XRPL #Xumm #cryptocurrencry #CryptoNews🔒📰🚫
