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#Bitcoin’s social sentiment hits its lowest in 2024, which historically signals a bounce back.
At $95,511, down 10% from its $108,300 high, Bitcoin could break $100,000 soon.
Past drops in August and July led to big pumps.
Research market trends before investing for smarter decisions! 👍
At $95,511, down 10% from its $108,300 high, Bitcoin could break $100,000 soon.
Past drops in August and July led to big pumps.
Research market trends before investing for smarter decisions! 👍
What Could Happen if Trump and Elon Musk Make #Bitcoin and #Dogecoin Legal Tender in the US
If Bitcoin and Dogecoin were to become legal tender in the United States under the influence of Trump and Elon Musk, the implications would be immense, impacting both the domestic economy and global financial systems.
1. #Bitcoin’s Value Could Skyrocket
With government support, Bitcoin’s value could surge to unprecedented levels. Following Trump’s election win, Bitcoin already surpassed $100,000, showcasing its potential for massive growth with institutional backing.
2. #Dogecoin’s Rise to Prominence
Endorsed by Elon Musk, Dogecoin has already experienced a 145% increase in value since Trump’s victory. If recognized as legal tender, its prominence and value could rise even further.
3. Challenges and Risks
However, integrating cryptocurrencies into the financial system wouldn’t come without hurdles. Cryptocurrencies are notorious for price volatility, which could introduce instability into the economy.
4. Regulatory Overhauls
The US government would need to establish comprehensive frameworks to regulate the use of Bitcoin and Dogecoin as legal tender. This process would be complex and require significant time and resources.
Conclusion
While making Bitcoin and Dogecoin legal tender would be a transformative move, it’s essential to carefully evaluate the potential benefits, risks, and logistical challenges before proceeding.
If Bitcoin and Dogecoin were to become legal tender in the United States under the influence of Trump and Elon Musk, the implications would be immense, impacting both the domestic economy and global financial systems.
1. #Bitcoin’s Value Could Skyrocket
With government support, Bitcoin’s value could surge to unprecedented levels. Following Trump’s election win, Bitcoin already surpassed $100,000, showcasing its potential for massive growth with institutional backing.
2. #Dogecoin’s Rise to Prominence
Endorsed by Elon Musk, Dogecoin has already experienced a 145% increase in value since Trump’s victory. If recognized as legal tender, its prominence and value could rise even further.
3. Challenges and Risks
However, integrating cryptocurrencies into the financial system wouldn’t come without hurdles. Cryptocurrencies are notorious for price volatility, which could introduce instability into the economy.
4. Regulatory Overhauls
The US government would need to establish comprehensive frameworks to regulate the use of Bitcoin and Dogecoin as legal tender. This process would be complex and require significant time and resources.
Conclusion
While making Bitcoin and Dogecoin legal tender would be a transformative move, it’s essential to carefully evaluate the potential benefits, risks, and logistical challenges before proceeding.
Breaking news: Bitcoin has officially surpassed gold in value, marking a historic milestone in the financial world. As of today, 1 BTC is worth $93,500, overtaking the value of 1 kilogram of gold at $91,888. This shift highlights #bitcoin’s growing status as the “digital gold” of the modern era. With its finite supply capped at 21 million coins, Bitcoin's scarcity is fueling demand, driving its value upward. Unlike gold, which is heavy and costly to transfer, Bitcoin offers a fast, secure, and borderless alternative, making it ideal for the digital age. Adoption by major corporations, governments, and financial institutions further underscores its dominance. To put this into perspective, 1 BTC purchased in 2013 for $130 is now worth over 720 times that amount, while gold has only doubled in value over the same period. As Bitcoin continues its meteoric rise, some experts believe it could reach unprecedented heights, solidifying its position as a revolutionary asset in a rapidly evolving financial landscape.
#USJoblessClaimsFall #BTCNextMove
#USJoblessClaimsFall #BTCNextMove
🚨 JUST IN: CZ's December 2020 tweet predicting #Bitcoin’s dip resurfaces as $BTC faces a significant correction.
Do you think it will come true?
#CorePCESignalsShift #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve
Do you think it will come true?
#CorePCESignalsShift #BTCNextMove #USUALBullRun #ElSalvadorBTCReserve
#BlackRock just stirred the pot by twisting #Bitcoin’s core principles. In their educational video, they casually slipped in that there's "no guarantee" the 21 million coin cap will stay. 🤯
BULLISH: #Bitcoin’s market cap hits 14% of gold’s, a new all-time high in the race against the precious metal.
$BTC
$BTC
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JUST IN: #Bitcoin’s market cap of over $2 trillion is larger than MasterCard and Visa combined.
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$BTC
JUST IN: #Bitcoin’s market cap of over $2 trillion is larger than MasterCard and Visa combined.
🔥
$BTC
Key Bitcoin Indicators Suggests $100,000 Is Not BTC'S Final Stop This Cycle
#Bitcoin’s MVRV long/short difference at 27.25% highlights bullish momentum, signaling potential gains above $103,900.The #RHODL ratio confirms $BTC hasn’t reached its cycle top, supporting the possibility of further price increases.A #breakout from the bull flag pattern positions BTC for a potential rally to $112,500, with downside risk to $89,867.
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NEW: Top 10 publicly listed firms now hold over 527K $BTC, representing 2.66% of #Bitcoin’s supply.
NEW: Top 10 publicly listed firms now hold over 527K $BTC, representing 2.66% of #Bitcoin’s supply.
🐶 Memecoins are no longer just for laughs — they’re transforming the crypto market.
🌟 2024 Highlights:
🟡 330% increase in the sector’s market cap.
🟡 979% surge in trading volume — 9x #Bitcoin’s growth!
🟡 4.5x increase in #memecoins share in #altcoins trading volume.
🟡 Over 800% increase in futures open interest.
💡 And this could be just the beginning.
🌟 2024 Highlights:
🟡 330% increase in the sector’s market cap.
🟡 979% surge in trading volume — 9x #Bitcoin’s growth!
🟡 4.5x increase in #memecoins share in #altcoins trading volume.
🟡 Over 800% increase in futures open interest.
💡 And this could be just the beginning.
$RPL is supported at $8, targeting a big climb to $17.40. Rising volume and #Bitcoin’s momentum suggest a strong bullish move ahead. Monitoring Bitcoin dominance is crucial for predicting market timing and gauging $RPL ’s future price action.
These Are Last Week's Top Performers as Bitcoin Settles at $37K (Market Watch)
FTT has emeged as the top performer on a weekly scale, due to the growing rumors of a FTX restart.Aside from brief price pumps and dumps at around the $37,000 level over the weekend, #bitcoin’s price has largely calmed in the past several days.Most altcoins are also quite sluggish today, with the exception of Filecoin, Polygon, Optimism, and a few more.#BTC Calms at $37KIt was about a week ago when the primary cryptocurrency last dipped below the $35,000 line. However, the bulls took over the market at that point and pushed the asset north to almost $36,000 almost immediately.After a minor retracement, bitcoin went on the offensive on Thursday and skyrocketed to $38,000 for the first time in 18 months. Nevertheless, it failed to maintain this momentum, and the subsequent rejection pushed it back down by over two grand.BTC started reclaiming some of the lost value in the following hours and had claimed above $37,000 by the weekend. Saturday and Sunday were expectedly calmed, with little-to-no actual price movements.Did you like this market update?This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Enter your emailAs of now, BTC stands at around $37,000 once more, with its market cap sliding inches below $725 billion. Its dominance over the altcoins has taken a breather and is just above 51% on CMC.Last Week’s Top Gainers: 🕊(@manwilchip)The past seven days were quite positive for most of the crypto market. Ethereum was among the leaders in terms of gains due to the speculations that BlackRock will file for a spot ETH ETF in the States. The native token went from $1,900 to a 7-month peak at over $2,100 at one point. Now, though, ETH trades around $100 lower.Speaking of speculations, the rumors about FTX finally being able to restart operations under one form or another, which even got a nod from the SEC Chair Gary Gensler, sent the FTT token flying within the same timeframe. Despite a 9% daily retracement, FTT is up by 200% on a weekly scale.The other triple-digit price gainers from the top 100 include ORDI, Celestia, and OX Protocol. Terra, THORChain, Solana, Avalanche, Cronos, and Filecoin follow suit.The total crypto market cap added roughly $100 billion over the past week and stands well above $1.4 trillion on CMC.$BTC #BTC #Poloniex #binanacesquare #Binancefeed
💥💥💥 Why Is the Crypto Market Down Today?
Crypto Market Reacts to US Jobs Report: Major Declines and Institutional Moves
The total #cryptocurrencymarket capitalization has dropped significantly following the recent US Non-farm payrolls report. Bitcoin ($BTC ) has fallen over $6,000 in four days, while Bittensor ($TAO ) has seen a dramatic 45% decline in the past week.
Key Developments:
- Liquidations Surge: Over $800 million worth of liquidations occurred in the past 24 hours, with nearly $700 million from long contracts.
- Institutional Sales: Paradigm and Grayscale have sold $1.23 billion worth of Ethereum ($ETH ), contributing to the price decline.
Market Overview:
The total crypto market cap fell by nearly $300 billion in 24 hours, reaching $1.81 trillion, a five-month low. This follows a weak US jobs report, with new jobs falling from 179,000 in June to 114,000 in July and the unemployment rate rising to 4.3%.
Geopolitical tensions, particularly between Iran and Israel, also contribute to negative market sentiment. If the market cap drops below $1.80 trillion, it could fall further to $1.69 trillion, though a rebound could push it toward $2.00 trillion.
Bitcoin's Price Slide:
#Bitcoin’s price has dropped to $52,780 from $65,000 over the past week, hitting a five-month low and breaking through key support levels. Recovery is anticipated from the $52,300 support level, but a fall below this could lead to a drop to $50,000, a critical psychological level.
Bittensor's Decline:
Bittensor has faced severe losses, with a 25% drop in the last 24 hours and a 45% decline over the past week. Currently trading at $197, TAO has broken below the $217 support level. The next support level is $168, which could act as a potential reversal point.
Source - beincrypto.com
#CryptoTrends2024 #BinanceSquareTalks #CryptoMarketTrend
Crypto Market Reacts to US Jobs Report: Major Declines and Institutional Moves
The total #cryptocurrencymarket capitalization has dropped significantly following the recent US Non-farm payrolls report. Bitcoin ($BTC ) has fallen over $6,000 in four days, while Bittensor ($TAO ) has seen a dramatic 45% decline in the past week.
Key Developments:
- Liquidations Surge: Over $800 million worth of liquidations occurred in the past 24 hours, with nearly $700 million from long contracts.
- Institutional Sales: Paradigm and Grayscale have sold $1.23 billion worth of Ethereum ($ETH ), contributing to the price decline.
Market Overview:
The total crypto market cap fell by nearly $300 billion in 24 hours, reaching $1.81 trillion, a five-month low. This follows a weak US jobs report, with new jobs falling from 179,000 in June to 114,000 in July and the unemployment rate rising to 4.3%.
Geopolitical tensions, particularly between Iran and Israel, also contribute to negative market sentiment. If the market cap drops below $1.80 trillion, it could fall further to $1.69 trillion, though a rebound could push it toward $2.00 trillion.
Bitcoin's Price Slide:
#Bitcoin’s price has dropped to $52,780 from $65,000 over the past week, hitting a five-month low and breaking through key support levels. Recovery is anticipated from the $52,300 support level, but a fall below this could lead to a drop to $50,000, a critical psychological level.
Bittensor's Decline:
Bittensor has faced severe losses, with a 25% drop in the last 24 hours and a 45% decline over the past week. Currently trading at $197, TAO has broken below the $217 support level. The next support level is $168, which could act as a potential reversal point.
Source - beincrypto.com
#CryptoTrends2024 #BinanceSquareTalks #CryptoMarketTrend
📢 #Bitcoin’s ‘Choppiness’ Index suggests $110K will be hard to break.
What's your opinion about it ?
What's your opinion about it ?
$BRISE is steadily rising, with the potential for a breakout ahead. 📈 Altcoins like $STRX and $POLS are gaining momentum, with #Bitcoin’s support driving the trend. 🚀 If market conditions stay positive, $BRISE could see significant gains, especially as investor interest increases. 💎
#Write2Earn!
#Write2Earn!
💪 $METFI is building momentum, holding firm at the $0.12 support and eyeing a target of $0.88. Bitcoin’s steady climb and the upbeat market sentiment are fueling this rise. With trading volume on the rise, $METFI is poised for substantial growth. 📈 Monitoring #Bitcoin’s progress will help traders optimize their timing for maximum gains! 🚀
#Write2Earn! #BinanceMEOpening #MajorAirdropWatch
#Write2Earn! #BinanceMEOpening #MajorAirdropWatch