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#write2earn Navigating #Bitcoin 's Recent Trends: #Grayscale Influence and Price Analysis #bitcoinETF #Bullmarlet $BTC Over the past five days, the significant outflow of Bitcoin ($BTC), driven by the selling of Grayscale Spot ETF, has been balanced by a substantial inflow of $418 million on Tuesday. This indicates a likely decrease in Grayscale outflows soon, paving the way for renewed Bitcoin buying momentum. During this period, Grayscale Bitcoin Spot ETF (GBTC) has been consistently selling Bitcoin into the market, coinciding with dwindling inflows in other 9 Spot Bitcoin ETFs. Surprisingly, despite these sell-offs, the Bitcoin price has seen an upward trend. Who else has been participating in Bitcoin transactions? Much attention has been on Spot Bitcoin ETFs, with Grayscale alone selling over $500 billion worth of Bitcoin since January 11, almost half of its holdings, in just two months. Despite this massive sell-off, other Spot Bitcoin ETFs have made significant purchases, as seen with Tuesday's $418 million net inflow. However, the question arises: who was buying during the five days when these 9 ETFs were making minimal purchases? It seems that adoption of Bitcoin is on the rise, with influential individuals becoming increasingly aware of its potential. With just a few billionaires entering the market, the supply of Bitcoin could rapidly decrease. Already, the daily mined supply of Bitcoin is being bought up multiple times over, particularly by Spot Bitcoin ETFs. When considering factors like the impending halving in April and notable investors like "Mr 100," a supply shock seems imminent. In terms of Bitcoin's next move, examining the short-term hourly chart reveals a potential bearish pattern forming, with the price hovering around support at $69,450. However, there's a possibility of an upside breakout if the price remains within the larger triangle and doesn't drop below $68,000. Zooming out to the 4-hour timeframe, Bitcoin appears to be forming a bullish inverse head and shoulders pattern, with the neckline breached upwards.

#write2earn Navigating #Bitcoin 's Recent Trends: #Grayscale Influence and Price Analysis #bitcoinETF #Bullmarlet

$BTC

Over the past five days, the significant outflow of Bitcoin ($BTC), driven by the selling of Grayscale Spot ETF, has been balanced by a substantial inflow of $418 million on Tuesday. This indicates a likely decrease in Grayscale outflows soon, paving the way for renewed Bitcoin buying momentum.

During this period, Grayscale Bitcoin Spot ETF (GBTC) has been consistently selling Bitcoin into the market, coinciding with dwindling inflows in other 9 Spot Bitcoin ETFs. Surprisingly, despite these sell-offs, the Bitcoin price has seen an upward trend.

Who else has been participating in Bitcoin transactions? Much attention has been on Spot Bitcoin ETFs, with Grayscale alone selling over $500 billion worth of Bitcoin since January 11, almost half of its holdings, in just two months. Despite this massive sell-off, other Spot Bitcoin ETFs have made significant purchases, as seen with Tuesday's $418 million net inflow.

However, the question arises: who was buying during the five days when these 9 ETFs were making minimal purchases? It seems that adoption of Bitcoin is on the rise, with influential individuals becoming increasingly aware of its potential. With just a few billionaires entering the market, the supply of Bitcoin could rapidly decrease.

Already, the daily mined supply of Bitcoin is being bought up multiple times over, particularly by Spot Bitcoin ETFs. When considering factors like the impending halving in April and notable investors like "Mr 100," a supply shock seems imminent.

In terms of Bitcoin's next move, examining the short-term hourly chart reveals a potential bearish pattern forming, with the price hovering around support at $69,450. However, there's a possibility of an upside breakout if the price remains within the larger triangle and doesn't drop below $68,000.

Zooming out to the 4-hour timeframe, Bitcoin appears to be forming a bullish inverse head and shoulders pattern, with the neckline breached upwards.

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#write2earn Crypto Market Analysis: #Bitcoin Surges, #Altcoins Shine, and #ORDI Emerges as Top #Gainer $BTC $ORDI Last week witnessed a predominantly bullish trend among the top cryptocurrencies in the market, largely attributed to Bitcoin's price surge. Altcoins like Shiba Inu (SHIB) and ORDI (ORDI) rode on Bitcoin's momentum, experiencing significant gains during this period. This market upswing led to a 4.3% increase in the global crypto market capitalization, reaching $2.66 trillion by March 31, fueled by an influx of $11 billion in capital. Let's delve into the performance analysis of some notable cryptocurrencies during this time: Bitcoin Reclaims $70,000: Following a challenging week, Bitcoin managed to recover from bearish pressure, reclaiming the $70,000 territory. A significant rebound occurred on March 25, with BTC reaching $71,213, marking its largest intraday gain for the week. During this period, Bitcoin remained largely in a consolidation phase, encountering resistance at $71,754 while maintaining support at $68,362. Despite fluctuating trends, Bitcoin retained its gains, currently valued at $70,409, reflecting a weekly gain of 4.76%. Shiba Inu's Winning Streak: Shiba Inu continued its bullish momentum from the previous week, sustaining a four-day winning streak at the start of the week. Despite a modest increase on March 25, SHIB maintained its upward trajectory, closing above $0.00003 for the first time in 12 days on March 26. Although encountering a mild correction, Shiba Inu remained above $0.00003, reaching a peak of $0.00003285 on March 28. Despite subsequent corrections, SHIB stands at an 8.5% increase for the week, with its current price at $0.00003048. ORDI Among Top 24-Hour Gainers: ORDI, inspired by Casey Rodarmor’s Ordinals Protocol, emerged as one of the standout performers last week. Despite initial underperformance, ORDI witnessed a significant rebound on March 30, securing an 8.78% gain, reaching the fourth position among the top 100 gainers.
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#write2earn #MemeCoin Surge: #WIF Hits $4 Amidst Crypto Market Stability #SolanaMemeCoin #dogwifHat $WIF Early Friday, WIF briefly reached the $4 threshold before pulling back, highlighting the volatility within the meme coin sector amidst a relatively stable market backdrop. Meme coins, spearheaded by the Solana-based dogwifhat (WIF), experienced a surge for the second consecutive day, standing out as the leading category within the crypto space. This trend occurred as the broader market remained largely unchanged ahead of the extended weekend in the U.S., Europe, and parts of Asia. Bitcoin (BTC) maintained its position around $70,000 during the Asian trading session on Friday, exhibiting minimal movement over the past 24 hours. Ether (ETH), Solana's SOL, and Cardano's ADA witnessed marginal declines of 1%, whereas Bitcoin Cash (BCH) recorded a 4% increase, extending its rally from Thursday. According to CoinGecko data, meme coins demonstrated an average 8% surge, surpassing the performance of more conventional sectors like decentralized finance, yield farming, and exchange tokens. The surge in meme tokens began on Thursday, fueled by speculation surrounding the potential utilization of DOGE in an upcoming payment service by the social application X, although no official announcement has been made by the company. Market sentiment was further bolstered by the record-breaking $2 billion worth of bets on DOGE-tracked futures, signaling anticipation of future price volatility, predominantly favoring long positions. Tokens themed around dogs, such as floki (FLOKI) and WIF, experienced significant increases, viewed as a secondary bet on dogecoin's success. WIF surpassed pepecoin (PEPE) to become the third-largest meme token by market capitalization, surpassing the $4 milestone on Thursday.
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#write2earn #Bitcoin Reclaims $70K Amid #Altcoins👀🚀 Fluctuations: Market Update #solana #BTC $BTC $SOL $ETH Bitcoin has once again reached the $70,000 mark after slipping below it yesterday, struggling to firmly break through during its recovery phase. While Bitcoin made a significant move from around $64,000 to $66,000 over the weekend, it surged to $70,000 on Tuesday, kicking off the business week positively. The bullish momentum drove BTC to nearly $72,000 on Wednesday, marking a new peak in 15 days. However, this peak was short-lived as the asset faced strong resistance and dropped to $68,400 shortly after. Despite a subsequent recovery that brought it close to $72,000 again, Bitcoin faced another setback and dipped to $69,200 yesterday. Nevertheless, it has managed to reclaim most of its losses, currently hovering just above $70,000. Bitcoin's market capitalization is still around $20 billion shy of $1.4 trillion, with its dominance over alternative cryptocurrencies plateauing at 49.7% according to CoinGecko. Meanwhile, Solana (SOL) has shown strength, inching closer to $200 once more, with a nearly 6% overnight gain. TON has also seen a similar increase, pushing its value well above $5. Other cryptocurrencies like Ripple, Cardano, Avalanche, Polkadot, Chainlink, and Tron are also experiencing gains, albeit more modestly. Bitcoin Cash (BCH) continues its upward trend ahead of its second halving, now trading above $600. On the flip side, Ethereum (ETH), Binance Coin (BNB), and meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) have seen slight declines. The overall crypto market cap has remained relatively stable, currently standing below $2.8 trillion.
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#write2earn Legal Troubles for #KuCoin : Understanding the Charges and Implications #KuCoinSettlement U.S. federal prosecutors accused KuCoin, a cryptocurrency exchange, and two of its founders of breaking anti-money laundering laws. They claimed KuCoin operated within the U.S., misled at least one investor about operating in the U.S., and failed to register with U.S. government bodies or maintain an anti-money laundering program. According to the U.S. Department of Justice, KuCoin and its founders, Chun Gan and Ke Tang, ran KuCoin as a money-transmitting business with over 30 million customers but only implemented a know-your-customer (KYC) or anti-money laundering (AML) program in 2023, which didn't cover existing customers. The indictment stated that KuCoin didn't register with the U.S. Financial Crimes Enforcement Network as a money services business. Because KuCoin lacked KYC or AML programs, it was susceptible to being used for laundering proceeds from suspicious and criminal activities, including sanctions violations, darknet markets, and various schemes involving malware, ransomware, and fraud. The indictment also highlighted allegations that KuCoin indirectly received over $3.2 million worth of cryptocurrency from Tornado Cash, a sanctioned crypto mixer. KuCoin was mentioned in criminal cases against two developers of Tornado Cash, Alexey Pertsev and Roman Storm. The Commodity Futures Trading Commission (CFTC) also filed a lawsuit against KuCoin, alleging failure to register as a futures commission merchant, swap execution facility, or designated contract market, and failure to implement the CFTC's equivalent of a KYC program. Homeland Security Investigations Special Agent in Charge Darren McCormack described KuCoin as an "alleged multibillion-dollar criminal conspiracy," emphasizing its status as one of the largest crypto exchanges. U.S. Attorney Damien Williams accused KuCoin of actively concealing the fact that a significant number of U.S. users were trading on its platform.
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#write2earn #FLOKI🔥 CRYPTOCURRENCY: EXCITING UPDATES AND RECORD TOKEN BURNS #MEME🔥🔥 #memecoinseason #valhalla $Floki , a beloved cryptocurrency, has exciting updates in store, including the forthcoming launch of the Valhalla mobile app and significant token burns driven by heightened utility demand. In response to user clamor, Floki plans to roll out a mobile app version of its flagship utility metaverse game, Valhalla, later this year, catering to both iOS and Android users. This expansion aims to widen Valhalla's reach to potentially billions of new users worldwide, aligning with Floki's aspiration to become the most prominent and utilized cryptocurrency globally. Valhalla, already creating waves on the opBNB testnet, has gained immense popularity, ranking as the world's top metaverse cryptocurrency on CoinMarketCap. Its mainnet release is slated for later this year, further solidifying its presence in the crypto gaming sphere. Simultaneously, Floki maintains its stronghold on social media trends, currently trending alongside other notable cryptocurrencies like Luna and Polkadot. This surge in community-driven momentum mirrors the growing excitement surrounding Floki's ecosystem. Furthermore, Floki celebrates remarkable token burns, with over $404,800 worth of FLOKI tokens incinerated in the past week alone due to robust utility demand. These burns, fueled by the Floki Staking program and the FlokiFi Locker DeFi protocol, contribute to Floki's perpetual deflationary nature, setting it apart from other meme coins like Dogecoin and Shiba Inu. Floki's focus on utility-driven fundamentals distinguishes it in the meme coin arena, positioning it for sustained growth and dominance. The recent surge indicates promising prospects, with expectations of ongoing burns amid the current bull run. As Floki bolsters its utility ecosystem and reaffirms its commitment to innovation, investors and enthusiasts eagerly await further developments and advancements in the Floki project.
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