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That's correct! Saudi Arabia has indeed ended its long-standing petrodollar agreement with the US, which allowed them to diversify their oil trade currencies beyond the US dollar. While they haven't officially announced plans to accept Bitcoin or other cryptocurrencies for oil sales, there have been discussions and explorations into the potential use of digital currencies for transactions. This move could potentially impact the global economy, trade, and the future of currency markets.#BTC #bitcoin #altcoins $BNB $ETH $BTC
KSA maybe consider BTC for Oil 🛢️ trade
BTC will be 🚀🚀🚀🚀🚀🚀🚀 soon
KSA maybe consider BTC for Oil 🛢️ trade
BTC will be 🚀🚀🚀🚀🚀🚀🚀 soon
Here are some reasons why Bitcoin (BTC) is down today
- Macroeconomics: Despite a cooling US CPI and PPI inflation data, the Fed officials adhere to the FOMC’s decision of a single rate cut this year.
- Miner capitulation: The Bank of Japan’s Governor, Kazuo Ueda, is hawkish on raising interest rates again at the July meeting.
- Bitcoin ETF outflows: The net outflow from the spot Bitcoin ETF was $146 million on Monday.
- Lack of new stablecoin issuance: The market is down due to a general lack of new stablecoin issuance.
- Dumping: Mt. Gox’s $9 billion bitcoin transfers to an unknown address, likely through thirteen transactions, raising dump fear in the market.#CPIAlert #BTC #BinanceTournament #AirdropGuide #BTCFOMCWatch $BTC
$PAXG
- Macroeconomics: Despite a cooling US CPI and PPI inflation data, the Fed officials adhere to the FOMC’s decision of a single rate cut this year.
- Miner capitulation: The Bank of Japan’s Governor, Kazuo Ueda, is hawkish on raising interest rates again at the July meeting.
- Bitcoin ETF outflows: The net outflow from the spot Bitcoin ETF was $146 million on Monday.
- Lack of new stablecoin issuance: The market is down due to a general lack of new stablecoin issuance.
- Dumping: Mt. Gox’s $9 billion bitcoin transfers to an unknown address, likely through thirteen transactions, raising dump fear in the market.#CPIAlert #BTC #BinanceTournament #AirdropGuide #BTCFOMCWatch $BTC
$PAXG
Here are some news related to Australia's Bitcoin ETF #BinanceTournament #BTC #altcoins #bitcoin #ETHETFsApproved $BTC $ETH
$BTC
- Australian Securities Exchange (ASX) has approved VanEck's spot Bitcoin ETF, the first Bitcoin ETF to be offered on the exchange
- The approval comes after the success of similar ETFs in the US and Hong Kong
- Other asset managers, such as BetaShares Holdings and DigitalX, are also seeking to list their own Bitcoin ETFs on the ASX
- The move is seen as a significant development in the country's cryptocurrency market, indicating growing interest and acceptance of Bitcoin and other cryptocurrencies in Australia
- The ETF provides an opportunity for investors to gain exposure to Bitcoin without directly owning or managing the digital asset
$BTC
- Australian Securities Exchange (ASX) has approved VanEck's spot Bitcoin ETF, the first Bitcoin ETF to be offered on the exchange
- The approval comes after the success of similar ETFs in the US and Hong Kong
- Other asset managers, such as BetaShares Holdings and DigitalX, are also seeking to list their own Bitcoin ETFs on the ASX
- The move is seen as a significant development in the country's cryptocurrency market, indicating growing interest and acceptance of Bitcoin and other cryptocurrencies in Australia
- The ETF provides an opportunity for investors to gain exposure to Bitcoin without directly owning or managing the digital asset
PAX Gold (PAXG) is a gold-backed cryptocurrency that combines the benefits of physical gold ownership with the convenience and flexibility of a digital asset. Each PAXG token represents one fine troy ounce of gold stored in secure vaults.
Here are some key features of PAX Gold:
- Gold-backed: Each token is backed by physical gold reserves.
- Stable value: The value of PAXG is pegged to the price of gold.
- Digital ownership: Allows for easy transfer and storage.
- Low fees: Lower fees compared to traditional gold investment methods.
- Transparent: Audited regularly to ensure the gold reserves match the number of tokens in circulation.
PAX Gold offers a unique way to invest in gold, making it more accessible and convenient for investors.
#AirdropGuide #BTCFOMCWatch #CPIAlert #BTC #PAXGold $PAXG $BTC $ETH
Here are some key features of PAX Gold:
- Gold-backed: Each token is backed by physical gold reserves.
- Stable value: The value of PAXG is pegged to the price of gold.
- Digital ownership: Allows for easy transfer and storage.
- Low fees: Lower fees compared to traditional gold investment methods.
- Transparent: Audited regularly to ensure the gold reserves match the number of tokens in circulation.
PAX Gold offers a unique way to invest in gold, making it more accessible and convenient for investors.
#AirdropGuide #BTCFOMCWatch #CPIAlert #BTC #PAXGold $PAXG $BTC $ETH
FACTS OF XRP PRICE
😊$XRP
Predicting the price of XRP, like any cryptocurrency, is a tricky business due to the inherent volatility and numerous influencing factors. However, I can share some insights from various sources to help you form your own informed opinion:
Recent Predictions (June 2024):
Technical analysts: Estimates range from $0.590 to $0.645, with an average around $0.587.TradingView: Some analysts, like NeverWishing, foresee a potential surge to $33 by year-end, while others like XRP-Jonny are even more optimistic, predicting a rally to $589 by 2025.
Medium-Term Predictions (2025):
CryptoNewZ: Estimates a high of $1.53 and a low of $1.06.AMBCrypto: Predicts a potential high of $2.01 by 2030, with a short-term high of $0.61 in 2024.
Long-Term Predictions (2030):
Techopedia: Averages at $6, with potential highs of $9 and lows of $3.Binance: Suggests a more modest rise to $0.78 by 2030.
Key Factors to Consider:
Outcome of the SEC lawsuit against Ripple: A favorable ruling could significantly boost XRP's price, while an unfavorable one could have the opposite effect.Overall market sentiment: The broader cryptocurrency market's performance will significantly influence XRP. Positive sentiment could lead to a general price increase.Adoption and partnerships: Increased adoption and partnerships within the financial sector could drive demand for XRP and push its price upwards.
Important Reminder:
These are just predictions, and the actual price of XRP could be much higher or lower. Cryptocurrency prices are inherently volatile and prone to sudden changes. Always do your own research, carefully consider the risks involved, and never invest more than you can afford to lose.
I hope this information provides a helpful starting point for your research and decision-making regarding XRP's future price.
Predicting the price of XRP, like any cryptocurrency, is a tricky business due to the inherent volatility and numerous influencing factors. However, I can share some insights from various sources to help you form your own informed opinion:
Recent Predictions (June 2024):
Technical analysts: Estimates range from $0.590 to $0.645, with an average around $0.587.TradingView: Some analysts, like NeverWishing, foresee a potential surge to $33 by year-end, while others like XRP-Jonny are even more optimistic, predicting a rally to $589 by 2025.
Medium-Term Predictions (2025):
CryptoNewZ: Estimates a high of $1.53 and a low of $1.06.AMBCrypto: Predicts a potential high of $2.01 by 2030, with a short-term high of $0.61 in 2024.
Long-Term Predictions (2030):
Techopedia: Averages at $6, with potential highs of $9 and lows of $3.Binance: Suggests a more modest rise to $0.78 by 2030.
Key Factors to Consider:
Outcome of the SEC lawsuit against Ripple: A favorable ruling could significantly boost XRP's price, while an unfavorable one could have the opposite effect.Overall market sentiment: The broader cryptocurrency market's performance will significantly influence XRP. Positive sentiment could lead to a general price increase.Adoption and partnerships: Increased adoption and partnerships within the financial sector could drive demand for XRP and push its price upwards.
Important Reminder:
These are just predictions, and the actual price of XRP could be much higher or lower. Cryptocurrency prices are inherently volatile and prone to sudden changes. Always do your own research, carefully consider the risks involved, and never invest more than you can afford to lose.
I hope this information provides a helpful starting point for your research and decision-making regarding XRP's future price.
Behind Today’s Crypto Dip
$BTC
A confluence of factors has triggered bitcoin's (BTC) recent price decline, with some having more impact than others. Here are some key contributors:
1. Profit-taking after ETF approval: The long-awaited approval of spot Bitcoin ETFs in the US has prompted some investors who entered earlier at lower prices to cash in their profits. This increased selling pressure has driven the price down.
2. Shift to institutional investors: With spot ETFs attracting institutional investors, some individual traders may be switching to these products as a perceived safer way to gain exposure to Bitcoin. This shift in demand creates a temporary imbalance, pulling liquidity away from the spot market and lowering the price.
3. Liquidations in the $$$derivatives market: Large liquidations of long positions in the Bitcoin derivatives market, totaling $87 million on January 19th, further accelerated the price drop. As traders are forced to sell their holdings to cover losses, it puts additional downward pressure on the spot market.
4. Weaker macroeconomic conditions: Broader economic concerns, such as rising interest rates and inflationary pressures, can dampen risk appetite for volatile assets like Bitcoin, leading investors to move towards safer havens.
5. Technical factors: From a technical analysis perspective, some argue that Bitcoin's price has broken through key support levels, triggering further selling and potentially leading to a deeper correction.
It's important to remember that Bitcoin's price is notoriously volatile and influenced by a complex interplay of factors. Therefore, it's crucial to research and understand the market dynamics before making any investment decisions.
#TrendingTopic #BTC
A confluence of factors has triggered bitcoin's (BTC) recent price decline, with some having more impact than others. Here are some key contributors:
1. Profit-taking after ETF approval: The long-awaited approval of spot Bitcoin ETFs in the US has prompted some investors who entered earlier at lower prices to cash in their profits. This increased selling pressure has driven the price down.
2. Shift to institutional investors: With spot ETFs attracting institutional investors, some individual traders may be switching to these products as a perceived safer way to gain exposure to Bitcoin. This shift in demand creates a temporary imbalance, pulling liquidity away from the spot market and lowering the price.
3. Liquidations in the $$$derivatives market: Large liquidations of long positions in the Bitcoin derivatives market, totaling $87 million on January 19th, further accelerated the price drop. As traders are forced to sell their holdings to cover losses, it puts additional downward pressure on the spot market.
4. Weaker macroeconomic conditions: Broader economic concerns, such as rising interest rates and inflationary pressures, can dampen risk appetite for volatile assets like Bitcoin, leading investors to move towards safer havens.
5. Technical factors: From a technical analysis perspective, some argue that Bitcoin's price has broken through key support levels, triggering further selling and potentially leading to a deeper correction.
It's important to remember that Bitcoin's price is notoriously volatile and influenced by a complex interplay of factors. Therefore, it's crucial to research and understand the market dynamics before making any investment decisions.
#TrendingTopic #BTC
