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Daffy Boy
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Why is this happening? . In the EU, USDT doesn’t meet regulatory standards, leading to its delisting. Meanwhile, Coinbase is amplifying the issue because of its partnership with Circle Foundation, the issuer of USDC. . By promoting USDC, Coinbase benefits directly from users shifting their funds. Why is this a big deal? As the third-largest exchange globally, Coinbase’s influence is drawing significant attention to the matter. However, it’s essential to note that this is primarily an EU issue. What about Asia? . For Asia, nothing changes. Exchanges like Binance, OKX, and Bybit will continue to support USDT unless future regulations dictate otherwise. . What happens to coins bought in USDT pairs? . No need to worry! Coins like BTC, SOL, or others purchased in USDT pairs won’t face any issues. Trading and withdrawals will remain unaffected. . In summary, this delisting is regional, with no impact on Asian markets or your existing holdings. Stay calm and trade smart! #usdtdelisting #Crypto2025Trends $BTC
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ETH price & Analysis ? . Ethereum (ETH) is down 1.76% to $3,352.70 in 24 hours, with a $18.71 billion trading volume. Ethereum, ranked #2 in the cryptocurrency market, with a $403.88 billion market valuation and 120.47 million circulating units. . Prices have narrowed into a symmetrical triangle formation, a technical setup that generally indicates a major price move. . Bullish momentum depends on $3,350 resistance, the triangle's top border. . Stopping additional falls need support at $3,221 and $3,097. . This tightening range is watched by traders for the next breakthrough. . Ethereum's symmetrical triangle implies a turning point. A bullish breakthrough over $3,350 might target $3,520 and then $3,700. . The 50-day EMA is $3,355, emphasizing the importance of passing this resistance level. . However, failure to break over $3,350 might bring Ethereum down to the $3,221 support zone and perhaps $3,097. . With an RSI of 52, momentum is neutral and open to either direction. . Key Resistance and Support Levels Instant Resistance: $3,350 Next Resistance: $3,520, $3,700 Immediate Help: $3,221 Next Support Levels: $3,097, $2,983 Ethereum Technical Indicators and Market Sentiment RSI 52 indicates neutral market momentum, neither overbought nor oversold. A break above the symmetrical triangle might signify a trend change, boosting bullish optimism. A negative breakdown may increase selling pressure as traders capitalize on bearish momentum. . Ethereum's $18.71 billion trading volume shows substantial market involvement, emphasizing the consolidation phase. As the price oscillates inside the triangle, traders expect further volatility and a dramatic breakout in the following days. $ETH
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#BitwiseBitcoinETF Bitwise Asset Management, a leading crypto asset management firm, launched the Bitwise Bitcoin ETF (BITB) on January 10, 2024. The ETF is designed to provide investors with affordable access to bitcoin through a professionally managed fund. With the ticker BITB, the ETF is accessible through a brokerage account, making it easy for investors to gain exposure to the world’s largest crypto asset. BITB offers several advantages for investors, including: Professional Management: Backed by Bitwise’s specialist team with a six-year track record of managing crypto assets for leading institutional investors. Easy Access: Direct investment in bitcoin that can be easily accessed through a brokerage account, without having to deal with the complexities of owning bitcoin directly. Low Cost: Provides access to bitcoin at competitive fees, making it an attractive option for a wide range of investors. Since its launch, BITB has attracted significant interest from investors looking for a safe and efficient way to participate in the rapidly growing bitcoin market. With total assets under management reaching approximately $4.5 billion, Bitwise continues to expand its presence in global markets, including through the acquisition of European crypto firm ETC Group, announced four months ago. It is important to note that investing in BITB carries a high level of risk and the potential for significant volatility. Investors are advised to consider their investment objectives, risk tolerance, and conduct thorough research before investing. $BTC
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The Bitwise Bitcoin ETF (the “Trust”) is an exchange-traded product that issues common shares of beneficial interest (“Shares”) that are anticipated to be listed on the NYSE Arca, Inc. (the “Exchange”) under the ticker symbol “BITB.” The Trust’s investment objective is to seek to provide exposure to the value of bitcoin held by the Trust, less the expenses of the Trust’s operations and other liabilities. . In seeking to achieve its investment objective, the Trust will hold bitcoin and establish its net asset value (“NAV”) by reference to the CME CF Bitcoin Reference Rate - New York Variant (“BRRNY”). . The BRRNY is calculated by CF Benchmarks Ltd. (the “Benchmark Provider”) based on an aggregation of executed trade flow of major bitcoin trading platforms (“Constituent Platforms”). . The Trust is sponsored and managed by Bitwise Investment Advisers, LLC (the “Sponsor”). On January 9, 2024, the BRRNY was $46,777.71. . Bitwise Asset Management, Inc., the parent of the Sponsor, served as seed capital investor to the Trust (the “Seed Capital Investor”). The Seed Capital Investor agreed to purchase $200 in Shares on November 9, 2023, and on November 9, 2023 took delivery of 4 Shares at a per-Share price of $50.00 (the “Seed Shares”). The $200 the Trust received in consideration for the sale of the Seed Shares served as the basis of the audit described in the sections entitled “Report of Independent Registered Public Accounting Firm” and “Statement of Financial Condition.” . Bitwise Investment Manager, LLC, an affiliate of the Sponsor, is expected to purchase the initial Baskets of Shares for $2,500,000, at a per-Share price of $25 for these 100,000 Shares (the “Seed Baskets”). Such proceeds are expected to be used by the Trust to purchase bitcoin at or prior to the listing of Shares on the Exchange. Bitwise Investment Manager, LLC will act as a statutory underwriter in connection with the initial purchase of the Seed Baskets. #BitwiseBitcoinETF $BTC
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What to Expect From Bitcoin and Other Cryptocurrencies in 2025. . With help from Donald Trump, the cryptocurrency industry is expanding rapidly. Here's what to expect from bitcoin in 2025. . It has been an extraordinary year for cryptocurrency, defined by bitcoin's meteoric ascent. The world's first crypto soared from under $40,000 in January, stabilized around $60,000 throughout the summer and then surged above $100,000 this fall. . The real turning point, of course, came with the U.S. presidential election in November – an event that reshaped not just the political map but also the financial landscape. Post-election enthusiasm, driven by pro-crypto policies and regulatory clarity, has sent bitcoin to a market capitalization of approximately $1.96 trillion. One thing is clear: The crypto industry is evolving at a blistering pace. Momentum is obvious. But uncertainties remain. . Looking ahead to 2025, the big question is, what's next for bitcoin and the broader cryptocurrency ecosystem? Will bitcoin's rally continue? Will altcoins rise to challenge its dominance? #Crypto2025Trends $BTC
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