$BTC dropping to $50,000 and here are the two major reasons below
"It would need to be a massive July for Bitcoin’s price to resist the sheer weight of supply flooding into the market from Mt. Gox and the German government," Pav Hundal, lead market analyst at crypto exchange Swyftx, told Decrypt. "This could be how we get as low as $50,000."
The Mt. Gox bankruptcy estate has transferred billions of dollars worth of Bitcoin (BTC) to an unidentified wallet, further exacerbating concerns on declining crypto price
Repayments from Mt. Gox are expected to commence this month after extensive preparations for fund distribution. The defunct exchange will disburse approximately 142,000 BTC and 143,000 Bitcoin Cash.
However, the German government seized nearly 50,000 BTC from the operators of the illegal streaming site Movie2k.to in 2020. The Bitcoin, initially worth around $2 billion, was confiscated as part of an investigation into the site's activities, which included distributing pirated films and laundering the proceeds.
Roughly 1,300 BTC, worth $75.5 million, were sent to several exchanges, including Bitstamp, Coinbase, and Kraken, on Wednesday, adding to concerns that prices could be headed lower.
is it possible that #shiba⚡ will loose a zero by the end of this year?
I would like to share something with you, as you can see everyone are talking about #BTC100K! late, which is something GREAT btw, but did anyone noticed that SHIBA reached $0.000088450814267188 on 2021-10-28?
What does this mean? It means that many holders did not give up on this meme coin and it still in top 2 memes coins after #doge⚡ since 2021
In my opinion, SHIBA has a great opportunity to reach this price again in 2025 and there is good probability to loose a zero by the end of this year.
How is it calculated, I keep posting on Square, i got rewarded one time only and then nothing, can you share with us how is it calculated?
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Binance Square Official
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💡 Year 2040 – In the remotest corners of the world, where traditional banking systems couldn’t reach, a quiet revolution was changing lives. Its name? BTTC.
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✨ Empowering Dreams, One Transaction at a Time
📍 India: Anaya, a young artisan, used to sell her handcrafted fabrics for meager prices to middlemen. But with BTTC, she tapped into the global market using just a smartphone. Fast, secure payments powered her business growth, creating jobs for her entire village.
📍 South America: Mateo, a tech innovator, revolutionized farming communities. Using BTTC's smart contracts, farmers bypassed middlemen to sell directly to urban markets, earning fair wages and securing brighter futures for their families.
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💻 A Technology of Inclusion BTTC isn’t just a cryptocurrency—it’s a bridge between worlds. Every transaction tells a story of resilience, hope, and progress, uniting cultures and creating economic opportunities where they never existed.
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📈 A Global Impact By 2040, BTTC was recognized as one of the most transformative technologies of the century by the World Bank. With its open, accessible network, it had bridged economic divides, empowering millions to join the global economy.
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Fast & secure transactions 🌐
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A network of inclusion and progress 🌍
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Pepe Coin (PEPE) has various price predictions for the near future. By November 16, 2024, it is expected to reach around $0.00002540, reflecting an 18.64% increase. Looking further ahead, forecasts suggest it could rise to $0. 00007069 by December 15, 2024, indicating a potential increase of 232.02%.
Short-Term Predictions ------------------------- Next Week (by Nov 25, 2024): Price range: $0.00002396 (low) to $0.00002998 (high)Expected increase: 25.13%
Next Month (by Dec 15, 2024): Expected price: $0.00007069Potential ROI: 380.75% if held until Dec 23, 2024
2030: Price range: $0.00005669 (low) to $0.000139 (high)Potential gain: 556.55%
Market Sentiment ------------------- Current sentiment is Bullish with a Fear & Greed Index at 80 (Extreme Greed).Over the last 30 days, PEPE recorded 16 out of 30 green days (53% success rate).
Technical Indicators ---------------------- 50-day SMA: $0.00001024 (indicating a positive trend)200-day SMA: $0.000009211 (indicating a long-term trend)RSI: Currently at 86.18, suggesting PEPE is overbought.
Investment Considerations ------------------------------ Investors could see a potential ROI of 89.53% in the near term.The market is influenced by various factors, including whale activity, market trends, and technical indicators. Overall, the outlook for Pepe Coin appears optimistic, with significant potential for growth in both the short and long term.
So I will make it short, everything will go green now and everything will pump again, make sure to buy now since you have the chance before #BTC☀ reaches 135,000 $BTC
However, I still have faith in #BTTC knowing that this crypto did not made any improvement since months.
On the other hand, I believe a new era will begin for both #DOGE and #PEPE
As you can see, Bittorent is gaining more attraction from investors, currently it's up to be in top 3 gainers since 2 days knowing that #BTC is still being traded at 59K
On the other hand, if $BTTC removes a zero, that means it has a great potential to absobe more people, lets keep a close eye in the next 24 hours
Are you ready for a crazy bull run for $BTTC ? well its happening now, profit as long as you have the chance, this coin was sleeping since years and investors are ready to invest in it!
$BTTC is currently in the top 10 gainers, which is really exciting for many holders. However I'm pretty sure that you are reading now to see what's the important update, in fact nobody knows because the market is still not clear and there are too many factors affecting the market like the war between Gaza and Israel, Olympics at Paris , US elections , the war between Russia and Ukraine , etc..
Anyway , I hope a whale will get interested in this coin because it will be the next revolution in the crypto market
1. Hold it till 2030 2. Sell it once you reach the average price to recover your loss
What it's obvious is that whales are afraid to invest in $BTTC and Justin Sun looks like not interested in his coin
However , BitTorrent price is very strong and being affected positively with #BTC but my real question is when they will burn some supplies to improve its price
Anyway let's wait and see what will happen after US elections
#Binance did not delisted #BTTC yet , which means this coin is still alive but not rising like it should be
The price is increasing because it is being affected by #BTC price only and not because the investors are interested in this coin
Unfortunately, I believe that BitTorrent has no future knowing that it has a great potential but it seems that Justin Sun is no longer interested in his own project
I suggest to sell this coin whenever you reach the average cost price because it is really painful to watch this coin dying like this.
Remember, there is no doubt that the price will be recovered soon but it won't increase like 10% or 20% but hey, no one knows what will happen in the crypto market, so hopefully for the best :)