📢 US Stock Exchanges Opened; Dow Jones: -0.30% Nasdaq: -0 | Crypto De Nostradame on Binance Square

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Crypto De Nostradame

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Bullish

📢 US Stock Exchanges Opened; 
Dow Jones: -0.30% 
Nasdaq: -0.49% 
S&P 500: -0.16% 
📢 U.S.  Stock Markets Opened;
Dow Jones: -0.30% 
Nasdaq: -0.49% 
S&P 500: -0.16%

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Experts are desperate for bulls: Bitcoin is bleeding. Bitcoin rose 3 percent on Thursday morning to surpass $5,000 as investors reacted to the August Consumer Price Index (CPI) report. The CPI slowed to a 2.5 percent annual increase, slightly below the 2.6 percent expected, and its lowest level since February 2021. However, core inflation, which excludes food and energy, rose 0.3 percent on the month, beating estimates of 0.2 percent and well above the Federal Reserve’s 2 percent target. Ethereum (ETH), the second-largest cryptocurrency by market cap, also rose 1.3 percent to $2,360, according to CoinGecko data. Ethereum rival Sui, a layer-1 blockchain, saw its $SUI token jump 16 percent today, reaching $1.03, after #Grayscale announced the launch of its Grayscale Sui Trust. Meanwhile, Bitcoin spot ETFs have started seeing outflows again. Investors pulled $44 million from the funds on September 11, with SoSo Value data showing (ARKB) leading the way with $54 million in outflows. Grayscale’s (#GBTC ) #Bitcoin ETF reported $4.5 million in outflows, while Fidelity’s (FBTC) ETF saw $12.5 million in inflows. Ethereum spot ETFs also saw $542,900 in net outflows, according to SoSoValue data. VanEck’s ETHV reported $1.7 million in outflows, partially offset by Fidelity’s $1.1 million in FETH inflows. Peter Chung, Head of Research at Presto Labs, told Decrypt that strong August CPI data triggered risk, extending into Asian trading hours and pushing Bitcoin higher. However, CEX.IO Chief Analyst Illia Otychenko expressed caution about Bitcoin’s near-term momentum, saying: “Bitcoin’s bullish momentum appears to be waning.”

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The banking giant's election scenario for Bitcoin. The election scenario for Bitcoin from the banking giant. Banking giant Standard Chartered evaluated the impact of the US presidential elections, which are about two months away, on the price of Bitcoin (BTC). According to the report published by Standard Chartered, there will be an increase in the price of #BTC regardless of who wins the US elections. The report suggested that new price peaks could be formed by the end of 2024. The banking giant stated that $BTC will increase even more if Donald Trump wins. The price predictions in the report were jaw-dropping. Standard Chartered expects a crypto rally independent of the outcome of the US elections to be held on November 5. The banking giant stated in a report it published that #BTC will reach record levels with positive catalysts such as regulatory reform. Geoff Kendrick, global head of digital asset research at Standard Chartered, said: “Efforts towards regulations that will ease the sector will continue in 2025 regardless of who is in the White House.” Kendrick, who expects a short-term sale in #BTC if Harris wins, said that investors will trust the market with the progress in the regulatory area. The Standard Chartered executive stated that the declines will be bought when positive catalysts come into play and the crypto market will get used to Harris. The report suggested that the #BTC price will reach $ 125,000 if US presidential candidate Donald Trump wins the elections, and $ 75,000 if Kamala Harris wins. Standard Chartered pointed to the end of the year for the rise. The banking giant stated that the US presidential election is important for digital assets, but it is not at a level that will create pessimism. Web3 polling and voting platform Polymarket announced that Harris has taken the lead over Trump. The fact that Harris seems close to victory in the polls has put pressure on the $BTC price.

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Massive sale from Bitcoin miners. Bitcoin miners made a large sale as mining difficulty reached an all-time high. The #Bitcoin (BTC) price has been in a downtrend for a long time. The leading crypto has been trading below $60,000 since August 27. Bitcoin miners continue to sell despite the negative outlook of market conditions. According to data shared by crypto analyst Ali Martinez, miners sold 30,000 BTC in the last four days. Miners earned $1.7 billion from the sale. It was stated that the miners who sold $1.7 billion worth of BTC were due to increasing mining difficulty. According to Hashprice Index, this development made it more difficult and more expensive for miners to mine new blocks. In the same period, $BTC lost nearly 10 percent of its value, which pushed miners to sell. With the Bitcoin halving in April, miners' block rewards dropped to 3.25 BTC. Miners who earn less BTC with more effort have started selling assets for financial transactions, expenses and the installation of new equipment. Revenues from the mining sector fell to the lowest level in the last 11 months in August. Experts suggested that miners will continue to sell assets and that #BTC will not be under pressure if the market turns positive.

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Bitcoin whale draws attention: What is he aiming for? A new whale transaction has been observed in Bitcoin (BTC), which has been performing below expectations since the beginning of June. According to data provided by on-chain data platform Lookonchain, a whale recently withdrew 800 BTC ($45.37 million) from Binance. The previous transactions of the whale, who transferred his assets to his personal wallet in anticipation of a potential increase, have become a hot topic. Looking at the on-chain transactions of the whale who transferred 800 BTC to his personal wallet, Lookonchain reported that the whale had previously lost $40 million as a result of wrong moves. According to the data, the whale bought $19 million worth of #BTC on September 3. The whale, who had been buying since September with an expectation of an increase, left his pocket with approximately $140 million. The whale, who attracted attention with his voracious purchases, sold approximately half a billion dollars worth of BTC between June 27 and July 8. The whale, who bought at high prices and sold at low prices, was criticized by crypto investors. Moving against the market, the whale recently bought 800 BTC, which attracted attention. Rumors arose that the whale may have bought $BTC high, as it did in the past. The leading crypto gained nearly 3 percent in value in the last 24 hours, reaching $58,000. The $60,000 level was targeted for BTC, which recorded a trading volume of $56 billion in the last 24 hours. Crypto analyst Michaël van de Poppe stated that if #BTC maintains the $56,000 support, it could test $62,000.

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Harris surpasses Trump: Nervous wait in cryptocurrencies. On decentralized prediction platform Polymarket, US Vice President Kamala Harris’s chances of winning the upcoming presidential election surpassed Donald Trump’s. Harris’s chances of winning the November election rose to 50 percent on Polymarket today, while Trump’s chances of being elected remained at 49 percent. This comes after Harris briefly tied with Trump after Tuesday night’s debate, rising to 49 percent. #Trump then regained the lead by 50 percent to 49 percent later on Wednesday. The search for direction in cryptocurrencies continues. PredictIt’s odds for Harris’ victory are now at 56 cents, compared to 53 cents on Monday, while Trump’s chances of winning have fallen to 47 cents. Polymarket odds are consistent with data from select US election polls on the debate’s performance. Some early polls have shown Harris winning the presidential debate. A YouGov poll of more than 2,000 registered voters found that 54 percent thought Harris won, while 31 percent supported Trump. In a CNN/SSRS poll, debate viewers said Harris performed better on stage, 63 percent to 37 percent. Cryptocurrencies have yet to see a direction. #Bitcoin , which is trading around $58,000, would ease the market if it settled above $60,000. Closing below $56,500 could deepen the decline. Crypto investors are following this process with interest.

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