Starting this trend for newbies to educate them about crypto terms
FOMO: fear of missing out. FUD: Fear, uncertainty, doubt. SHILL: Someone promoting coin for their own benefit. DYOR: Do your own research. HODL: Hold on for dear life. DEFI: Decentralised Finance.
𝗜𝘀 𝗔𝗹𝘁𝘀𝗲𝗮𝘀𝗼𝗻 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗶𝗻𝗴? #Ethereum Open Interest is surpassing #Bitcoin in the current period. If the #ETH price continues to consolidate in the current range, an altseason could come very soon.
Just In Another 32,500 BTC worth $2.2 billion transferred by Mt. Gox to a new address They've transferred a total of 106,500 #BTC worth $7.2 billion so far
Breaking Mt. Gox stated that they have not sold #BTC and #BCH to make repayments from the proceeds. They also mentioned that there will be no immediate sale and that the distribution will take place in Q4 of 2024. Now BTC should pump back to $70,000.
Bitcoin's dominance has broken down from the rising wedge pattern. If this pattern continues, Bitcoin's dominance may decrease, leading to a potential pump in altcoin prices. The first coins likely to see a pump are in the AI and Layer 2 categories. AI coins to watch: Render, Oraichain, Arweave (AR), and Akash (AKT). Layer 2 coins to watch: Arbitrum (ARB), Optimism (OP), Mantle (MNT), and Immutable X (IMX).
#Bitcoin Update (Continuous) ▫️Bitcoin attempted to break $70,000 but faced rejection. ▫️The price is ranging around ~$69,000, building up liquidity on both sides. ▫️Key liquidity levels are at $68,300 and $69,800. ▫️The market might drop below $68,000 to capture liquidity. Stay tuned for more information!!! ✅