Pepe is coming Home! Reject and retest of the last ATH, now will fill all the air Below! Funding is rising with big steps, that means a lot of ppl longing for the dip and it continues to dip. Simple
Friends, you understand how much I hate to cause you pain, but I must in order to keep the truth as it is.
And now there are two realities. First, as I have previously predicted, the cryptocurrency market will decline after Bitcoin breaches the significant resistance level at $59,000 for $BTC .
I set a minimum downside target of $53,000. That was excellent news as well.
The bad news is that I had anticipated that bitcoin would drop to $45,000, which is a fantastic level that is not essential to the market and will help it recover and gain more strength.
However, I'm now witnessing a build-up of pessimism and discussions about a significant drop in bitcoin to 40/30/20k.
Since the market frequently moves against the herd, it's possible that we could rise slightly to offset this pessimistic sentiment before plunging all the way to $53,000.
There will be a fall in any case, though it might hit you in the balls more forcefully than I anticipated.
Don't let the calm in the market fool you; the roller coaster is still coming. Be patient and strong, friends.
On April 26, 2024, Binance will be eliminating these trading pairs:
- BNB/ATOM
- USDT/BAND
- BAT/USDT
- USDT/BCHA
- BNB/UST
- USDT/CKB
- USDT/DASH
- USDT/DREP
- BNB/ETC
- FTM/USDT
- USDT/HBAR
- IOST/USDT
- USDT/LKK
- NEO/USDT
- USDT/NULS
- WOW/USDT
- One/USDT
- Ont/USDT
- USDT/REN
- USDT/VN
- USDT/SC
- USDT/STEEM
- TRX/USDT
- USDT/VET
- USDT/WIN
The low trading activity is the cause of this change. There will be no more open orders for these pairs. When necessary to maintain a positive trading environment, Binance may remove pairs.#BinanceLaunchpool $BTC
Two rejections of $BTC have occurred thus far from the 68k resistance zone. However, here's why I think it will succeed soon:
Whales have left the market; not too long ago, $53 million worth of bitcoin was transferred from Binance to a third-party wallet.
Strong bullish market control is indicated by the buy volumes on the pumps being greater than the selling volumes in the aftersell. Fear is driving the bears to take profits, but soon everyone who is taking profits will have left.
Since futures trading is at its lowest point in the past two months, there won't be any more liquidity sweeps that could be used by bulls bears to play a volatility trap. In fact, it is in the best interests of market regulators to let Bitcoin pump and gain momentum once more, allowing bears to short and sanguine bulls to take long positions and boost liquidity in order to obtain additional sweeps.
It is not confirmed that the Wyckoff schematic exists until the 68k threshold is crossed. If so, unless a war breaks out and people decide to shift their money into assets, we can anticipate a new ATH at 80k by the end of May before a true bear market retreat to 50k.
Since the US recently passed a bill providing $60 billion in aid to Taiwan, Israel, and the Ukraine, confidence in the USD is about to collapse, even though the DXY is currently experiencing a steady uptrend. This clarifies why Gold is setting new benchmarks this year as well.
With Tesla's announcement, Bitcoin investors sighed with relief.
Elon Musk, the CEO of Tesla, has released the company's first-quarter financial statement. The business did not act in a way that alarmed Bitcoin investors.
Tesla, a US electric car manufacturer, released its 2024 first quarter financial statement. As a result, the business did not sell any Bitcoin and kept its assets.
Tesla reduced these assets to 9,720 BTC through two separate sales after purchasing 43,200 BTC in February 2021. Since July 2022, the company has shown 9,720 Bitcoins as assets on its balance sheet. At current prices, these assets are worth over 600 million dollars.
He would have made a significant profit if he had never sold.
Had the company not touched any of its initial 43,200 BTC assets, Elon Musk, the CEO, would be sitting on a massive profit today. At the time, Tesla paid a total of $1.5 billion. At 43,200 BTC, the current value is almost $3 billion.
Tesla reported lower-than-expected revenue in the first quarter of 2024. In the first quarter, the company reported a 9 percent decline in revenue, the largest decline this size has seen since 2012. Additionally, because of heightened competition in the electric vehicle industry in October, shares of Tesla have dropped by more than 40% this year.
The Partner of Satoshi Nakamoto Explains the Real Goal of Bitcoin
$BTC
The early pupil of the anonymous creator of Bitcoin, Satoshi Nakamoto, Martti Malmi, also known as Sirius, recently revealed more than 250 emails he had exchanged with Satoshi, offering insightful information about the early stages of the cryptocurrency and Satoshi's intentions.
The emails reveal that Satoshi made it clear that Bitcoin is not intended as a means of investment or profit-making. Its actual goal is to develop a peer-to-peer electronic cash system that enables decentralized, safe transactions.
Notably, Satoshi stated, "Bitcoin is a peer-to-peer network based anonymous digital currency," in an email sent on May 3, 2009. Peer-to-peer (P2P) refers to a system in which there is no central authority in charge of creating new money or monitoring transactions. Rather, the network's nodes manage those responsibilities collectively.
The proof-of-work (PoW) consensus algorithm used by Bitcoin is energy-efficient; Satoshi noted that it uses less energy than conventional banking systems. He pointed out that without the assistance of a reliable third party, the PoW algorithm is the only way to enable a peer-to-peer electronic cash system
In order to draw in new users, Satoshi also stressed the significance of designing an intuitive user interface and providing a comprehensive explanation of how Bitcoin functions. He recommended building a website that included a FAQ section and a detailed guide on how to use Bitcoin.
"It would be sweet if there was some way to horn in on a market like that as the official virtual currency gets clamped down on with limitations," wrote Satoshi in an email dated August 24, 2009.
The emails also show that Satoshi was in favor of starting a website where people could exchange Bitcoins for other currencies like euros. He pointed out that this would facilitate users' conversion of Bitcoins into other currencies, increasing accessibility and usability.
That's fantastic; I could probably persuade a donor to send you money, which you could then exchange for euros and distribute using user-friendly channels. Even though I don't want to, I can still conduct an exchange business on my own. On August 24, 2009, Satoshi responded in writing to Malmi's request for a trade.
Notably, since then, Satoshi's vision has changed, leading to the establishment of multiple Bitcoin exchanges and increased usability and adoption. One such exchange, run by Martti Malmi, was first designed with input from Nakamoto and is now known as Bitcoinexchange.com. As an advisor to the exchange at its inception, Nakamoto promoted sensible approaches over auction-based systems, such as fixed exchange rates.
Malmi's disclosures demonstrate Nakamoto's steadfast adherence to the core tenets of Bitcoin, which are decentralization, accessibility, and usability as electronic money. This dedication highlights how Satoshi's vision is still relevant today, even as Bitcoin develops and adjusts to new situations. #BinanceLaunchpool #bitcoinhalving #bitcoin #BTC #Metaverse
Will Binance Continue to Burn Fuel for a $700 BNB Price?
$BNB
Will Binance Burn Fuel To Raise The Price Of BNB To $700? initially appeared on Coinpedia Fintech News.
The 27th quarterly BNB token burn by the BNB Chain was successfully completed by the Binance Foundation on April 24. A total of 1,944,452.51 BNB tokens, worth about $1.17 billion at the time of burn, were burned during this process.
The Auto-Burn formula is used to automatically complete the quarterly Binance burn process. Reducing the total number of BNB tokens in circulation to 100 million is the process' ultimate objective. As of right now, there are 149,532,856 BNB tokens in circulation.
Effect of the BNB Burn on the Price of Binance:
Up until the middle of February, the price of the BNB coin fluctuated in a closed range between $278 and $345.5, exhibiting a neutral trend. This altcoin increased in value by about 110% as market volatility increased, but it was rejected at $635. The price has been moving between $506.5 and $635 in a consolidated range ever since.
TradingView: USDT/BNB
On the plus side, the Binance token has increased by 10.12% over the last 30 days and by 11.43% over the last seven days. Furthermore, the Binance coin price is expected to see strong bullish price action in the coming months, as indicated by its Year-to-Date (YTD) of 94.58%.
A rising green histogram displayed by the technical indicator MACD suggests that there is more buying pressure in the cryptocurrency market. Additionally, the averages show a bullish convergence, indicating a promising future for the price of BNB.
Will the price of Binance Coin Increase Again?
By the next weekend, the price of the BNB coin will test its resistance level of $635 if the bulls keep gaining ground. Furthermore, the Binance token will try to test its previous all-time high (ATH) of $690.9 if the market maintains the price at that level.
On the other hand, the BNB token will lose momentum and drop to test its $569.5 support level if a trend reversal takes place. In addition, the Binance token will plummet and get ready to test its lower support level of $506.5 in the coming weeks if the bears maintain their dominance over the market. #BinanceLaunchpool #BTC #Metaverse #ETH #BNB
On April 30, the HK Spot Ethereum and Bitcoin ETF will begin trading with a structure that differs f
$BTC $ETH
According to Cointelegraph, the regulator in Hong Kong has approved the launch of spot Bitcoin and Ether exchange-traded funds (ETFs), which will be significantly different from their US counterparts starting on April 30.
One of the issuers, ChinaAMC, reported that its spot price for Bitcoin and Ether
ETFs will monitor the performance of the crypto indexes listed on the Chicago Mercantile Exchange. There will be two ways to redeem: fiat money and cryptocurrency funds. Furthermore, the Hong Kong dollar, Chinese yuan, and US dollar will be the three currencies that ChinaAMC's cryptocurrency ETFs are denominated in. The ETF custodians will be the cryptocurrency exchange OSL and investment asset manager BOCI-Prudential.
For issuer Harvest Global, the aforementioned two companies will also custody spot assets in Bitcoin and Ether ETFs. According to Harvest Global staff, BOCI and OSL "effectively solves problems such as excessive margin requirements, price premiums caused by missing short positions, and roll losses, thereby more accurately reflecting the real-time value of Bitcoin and Ethereum."
In the meantime, Bosera Asset Management and Hong Kong-based HashKey Capital will jointly introduce their spot Bitcoin and Ether ETFs. Its staff wrote about the cryptocurrency ETFs' future:
The adoption of the virtual asset spot ETF and the creative implementation of a currency-holding subscription mechanism, which enables investors to directly purchase corresponding ETF shares with Bitcoin and Ethereum, are anticipated to further foster the growth of the virtual asset market in Hong Kong and even Asia and draw in more capital from around the world.
Eric Balchunas, a senior ETF analyst at Bloomberg, stated on April 24 that the management fees for Hong Kong Bitcoin ETFs will vary from 0.3% to 0.99%. Compared to U.S. spot Bitcoin ETFs, where some issuers charge less than 0.25% annually, this is significantly higher. James Seyffart, a Bloomberg analyst, said that "a potential fee war could break out in Hong Kong over these Bitcoin & Ethereum ETFs.
On OSL and HashKey, two regulated cryptocurrency exchanges in Hong Kong, the three ETF issuers will create and redeem ETF shares. Investors will have until 11:00 am local time every day to cash in their shares or withdraw cryptocurrency until 4:00 pm. All issuers will have BOCI Prudential act as their custodian, and market makers will include Virtu Financial, Vivienne Court, and other companies. #bitcoin #ETH #Metaverse #BinanceLaunchpool
Islam forbids future trading due to the following reasons ¹ ² ³:
- *Gharar*: When a contract is signed, futures contracts enable people to purchase goods that do not yet exist. Islamic law states that goods must exist at the time of the actual agreement, so doing so is against the law.
Futures contracts enable traders to engage in the short-selling of goods they do not possess. According to Islamic law, the object must be owned by the seller at the time of the contract.
- *No physical delivery*: Purchasers can set contractual obligations in advance or resell goods under futures contracts. Islamic law mandates that the item be delivered in person before it can be settled or sold.
- *Riba*: Dealing in bonds is a component of certain futures contracts, which is forbidden in Islam as it is regarded as riba (usury).
- *Uncertainty*: Futures contracts frequently entail uncertainty since the contract's object might not materialize or might not be delivered. Excessive uncertainty in contracts is forbidden by Islamic law.
*No hand-to-hand exchange*: According to Islamic law, a transaction cannot be approved unless there is a hand-to-hand exchange. However, some futures contracts do not include this requirement.
- *Dealing in debt*: Dealing in debt is a common aspect of futures contracts, and it is forbidden in Islam.
- *Cash settlement*: A large number of futures contracts are cash-settled, meaning that money is exchanged for cash as opposed to the underlying asset being delivered. In Islam, this is not permitted.
In the next three to four months, people will begin to plan ahead and anticipate price production.
101k $BTC
$SHIB 0.0019
$BONK 0.0015
Since Bitcoin's value does not fluctuate much, it is similar to holding it steady. People know that they should wait for the day, which will arrive in two weeks. Because of their increased experience, people are advising that if you haven't invested yet, you should wait a maximum of two weeks, and if you have, your investment is gold.
Yes, I do not wish to try to cause trouble for anyone; this is just my experience and does not constitute advice on any cryptocurrency.
HBAR It wasn't simply a huge day because the price of $HBAR spiked due to the BlackRock news.
Today was significant because it demonstrated the extent of #Hedera's influence beyond the Web 3.0 sphere. This has made it easier for TradFi behemoths to realize just how revolutionary Hedera is.
We are beginning to enter a much more developed market where utility will be taken seriously. Step back and consider the impact these announcements will have on the future course of events.
PEPE will crack one of its previously cracked ciphers, but the problem
It is located at zero fourth. Is PEPE capable of it?
There is still 0.0001 left. This is where the issue is
Allow me to explain.
Bitcoin obviously has a significant impact on $PEPE , but there are some issues.
Given that the current market value of bitcoin is 1.3 trillion dollars, it is not implausible that the cryptocurrency will reach a value of $250,000. At that point, its estimated market value would be 5.2 trillion dollars.
However, if we assume that PEPE breaks one of its zeros for every $50,000 increase in Bitcoin
Thus, three zeros will be broken, leaving us with just two zeros; however, this necessitates a market value estimated at $420 billion. It is challenging but not impossible. It appears that you comprehended if you are aware that the current value is three billion dollars.
We would love for PEPE to break more than three zeros, as you should know. We all share your desires and imaginations.
However, you also need to be aware that deception can be both beneficial and detrimental at times.
As an illustration
There is nothing you can use to increase the 90% decline in the currencies in your wallet.
People are split into two categories here.
Some people fabricate lies in order to stay, and others find reasons to leave.
Which one do you identify with?
I see my other self for myself, detached from reason.
take note
These two kinds are both accurate.
You would have preferred to have received 10% of the percentage because it is possible that the currencies will appreciate the sale you made, but it is also possible that your account will be closed.
With Tesla's announcement, Bitcoin investors sighed with relief.
Elon Musk, the CEO of Tesla, has released the company's first-quarter financial statement. The business did not act in a way that alarmed Bitcoin investors.
Tesla, a US electric car manufacturer, released its 2024 first quarter financial statement. As a result, the business did not sell any Bitcoin and kept its assets.
Tesla reduced these assets to 9,720 BTC through two separate sales after purchasing 43,200 BTC in February 2021. Since July 2022, the company has shown 9,720 Bitcoins as assets on its balance sheet. At current prices, these assets are worth over 600 million dollars.
He would have made a significant profit if he had never sold.
Had the company not touched any of its initial 43,200 BTC assets, Elon Musk, the CEO, would be sitting on a massive profit today. At the time, Tesla paid a total of $1.5 billion. At 43,200 BTC, the current value is almost $3 billion.
Tesla reported lower-than-expected revenue in the first quarter of 2024. In the first quarter, the company reported a 9 percent decline in revenue, the largest decline this size has seen since 2012. Additionally, because of heightened competition in the electric vehicle industry in October, shares of Tesla have dropped by more than 40% this year.
If you own Bitcoin, just hold onto it and bide your time.
$BTC You might not wait if you wish to purchase but are holding out for USD 50,000.
It doesn't really matter if you purchase BTC at $66 or $64, as it will cost at least $150,000 and most likely over $200,000 in this bull market.
Observe how most of Square is yelling about the impending collapse and the price of Bitcoin at $55-52-50 or $45k.
Occasionally, they try to persuade you to sell your bitcoin quickly in order to purchase it at a lower price when a drop is about to occur.
However, they will pay $60 for your Bitcoin, and you will have to wait until $50 before paying $80 for it. Keep in mind that the market does not behave as the majority anticipates because the minority can only profit if the majority loses money.
Before the halving, take note of how quickly and forcefully BTC bounced from USD 59 to USD 60k. A lot of people want to purchase BTC at USD 59, and they do so each time it crosses this zone.
Bitcoin falls to 60, bounces, and falls again, landing at 59 following Iran's attack on Israel. Israel answers, and we get back to 59 with a rebound.
Not even the threat of a war with those kind of ramifications could bring the price down any further, so
I think the support level at 59 is solid, and a significant decline in price would require extraordinary circumstances, which is possible but less likely than not.
Since no one can give you 100% certainty or predict the future, you must do your research, invest as much as you can lose, and unfortunately, nothing about cryptocurrency can be certain.
Since it's your money, you will either have to bear the losses or rejoice in the gains.
Soon, bitcoin will crash, so pack light and get ready for the comeback.
No, I'm not advocating for you to hoard bitcoins because you won't likely see an even x3 return. I am referring to altcoins and memecoins that can provide you with an x10, x100, and x1000
$PEPE $FLOKI SHIB AERO WIF INJ ARB CKB is one of them.
Simply split your investment into thirty and make thirty separate coin investments.
Please follow and like my posts as I'll be providing you with a list of coins that have a lot of potential.
Additionally, share your favorite coins with me in the comments section so that we can all talk about their potential.