Experts have named the main reasons for the fall in the price of bitcoin in August 2024, despite the general influx of capital into the exchange-traded fund market. Bitcoin's price has shown negative dynamics in August, falling by almost 8%. This result is weaker than the performance of stocks and bonds, which rose by about 2% over the same period, according to Bloomberg data as of August 30. Experts attributed this to a decrease in liquidity in the spot market for the main cryptocurrency, despite the general inflow into bitcoin-based exchange-traded funds observed in August.
Binance and Bybit have changed the set of trade data they publish to show one liquidation per second instead of reporting all liquidations. OKX also shows a maximum of one order per second, and their data does not reflect the total number,” Lunde said.
By limiting the transparency of liquidation data and hiding important information as well, exchanges gain a deeper understanding of the overall risk profile than any other organization, Lunde believes. And some may even be interested in reselling trade information that the rest of the market does not have.
In cryptocurrency markets, a liquidation is when an exchange forcibly closes a trader’s leveraged position due to a partial or complete loss of their initial margin. This occurs when a trader fails to meet the margin requirements of a leveraged position, meaning they do not have sufficient funds to maintain an open trade. Liquidations occur in both margin and futures trading.
If you decide to enter memes, it is important to remember a few rules that will protect your portfolio from large losses.
✔️ Do not invest all your savings in memes, this is too volatile and a risky asset. ✔️ Cash out your profits on time: don’t wait for the project to make 1000x. It is better to wait for the conditional 10x and convert the profit into SOL/stables so as not to lose 70% the next day.
Bitcoin Cash Price Prediction for Today, May 29 – BCH Technical Analysis
The Bitcoin Cash price prediction shows that BCH is recovering from the daily low of $462.75 level as the price remains within the moving averages.
Bitcoin Cash Price Plunges by 13% as 130,000 BCH Wallets Close Down Within 3 Days
On May 29, Bitcoin Cash (BCH) price dropped to a new weekly low of $462, marking a 13% decline over 8 days. Technical indicators reveal that BCH bull traders are now striving to prevent a further decline below $440. Adding to the bearish outlook, on-chain data indicates an unusually high number of investors have exited the Bitcoin Cash network in recent days.
Bitcoin Cash Prediction Statistics Data:
Bitcoin Cash price now – $468.34
Bitcoin Cash market cap – $9.2 billion
Bitcoin Cash circulating supply – 19.7 billion
Bitcoin Cash total supply – 19.7 billion
Bitcoin Cash Coinmarketcap ranking – #16
BCH/USD Market
Key Levels:
Resistance levels: $700, $755, $805
Support levels: $255, $205, $155
BCHUSD – Daily Chart
BCH/USD is recovering from the daily low of $462.75 as the coin ranges within the 9-day and 21-day moving averages. At the time of writing, Bitcoin Cash is changing hands at $468.34 with a loss of 0.38% since the beginning of the European session. However, with latest the recovery, the digital asset is currently likely to cross above the moving averages within the channel.
Bitcoin Cash Price Prediction: Can BCH Break Above $500?
The Bitcoin Cash price may head upward and could cross above the moving averages if the bulls resume into the market. However, if the bulls push the coin to the upside, BCH/USD may likely touch the potential resistance levels of $700, $755, and $805. Meanwhile, any strong selling pressure below the current market value at $468.34 may drag the price below the lower boundary of the channel.
Nonetheless, should in case Bitcoin Cash slide to the downside, a bearish continuation could bring the price to the supports at $255, $205, and $155. The technical indicator shows that the 9-day MA is likely to cross below the 21-day MA to suggest a possible bearish movement for the market.
BCH/BTC Could Move Bullishly
Against Bitcoin, the buyers are now showing some commitments to the market as Bitcoin Cash moves a little bit upward. However, following the recent positive sign, the current market movement may create an uptrend if the buyers can push the price above the 9-day and 21-day moving averages.
BCHBTC – Daily Chart
Moreover, as the coin moves to cross above the moving averages, the market price may resume an uptrend which could touch the resistance level of 9500 SAT and above. Meanwhile, a bearish cross below the lower boundary of the channel could lower the price to the support level of 4550 SAT and below.
Meanwhile, @JaneBennet8474 shared insights with her 37k followers on X (formerly Twitter), suggesting that the $BCH daily chart indicates a potential 35% increase in the spot price. She also advised caution for those trading futures, recommending a maximum leverage of 2x for safety. Setting a buy order at $447.25, she wished good luck to all the dream chasers in the market!
The $BCH daily chart seems primed for a potential 35% increase in spot price.
If you're considering trading this in futures, it's advised to use a maximum leverage of 2x for safety.
Set your buy order at $447.25 and good luck to all the dream chasers out there!#DYOR… pic.twitter.com/Vl9qAbyX8B
— Jane Bennet (@JaneBennet8474) May 28, 2024
Alternatives to Bitcoin Cash
The Bitcoin Cash (BCH) is currently trading below its 9-day and 21-day moving averages. Increased selling pressure could push the price down to $450, while bullish activity could drive it up to $500. Despite holding the 16th position in the cryptocurrency market with a market cap of $9.2 billion, its growth potential is limited. This has shifted trader interest to Dogeverse ($DOGEVERSE), which has raised over $15 million in its presale. Now is the final opportunity to invest in Dogeverse before its launch.
Dogeverse: Poised to Be the Next 100X Gem? A Presale Opportunity with Huge Potential
With Dogeverse emerging as a potential 100X gem in the crypto space, now is the time to seize this incredible opportunity. This presale token boasts crazy potential, making it an enticing investment for those seeking substantial returns. As it breaks through critical milestones and garners attention for its promising performance, investing in Dogeverse could be a game-changer for your portfolio.
You can benefit from Dogeverse today.
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Bitcoin Cash Price Prediction: BCH Surges 6% As Its Halving Concludes, While This BTC Derivative Closes On $13M
Cheems (CHEEMS) Coin Price Surges as Dogeverse Prepares for Token Launch
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MAP Protocol Joins NVIDIA to Enhance Blockchain Interoperability With AI
MAP Protocol has officially announced its entry into the NVIDIA Developer Program. The strategic collaboration is set to catapult the interoperability of Bitcoin into a new era, leveraging the formidable AI capabilities of NVIDIA.
As a significant player in the Bitcoin ecosystem, MAP Protocol’s initiative to integrate AI for advancing interoperability research and implementation marks a pivotal step forward. Coupled with it, the alliance with NEAR Protocol, a leader in AI blockchain innovation, further underscores a concerted move towards fostering a seamless interaction between the Bitcoin L2 ecosystem and other blockchain platforms.
MAP Protocol and NIDIA harnessing AI for blockchain innovation
The partnership between MAP Protocol and NVIDIA through the Developer Program is a vivid illustration of the transformative potential of combining blockchain with cutting-edge AI technology. By tapping into NVIDIA’s vast array of AI tools and resources, MAP Protocol is poised to explore and develop sophisticated interoperability solutions that were previously beyond reach.
The integration is not merely a technical collaboration but a visionary step towards unlocking a new dimension of blockchain capabilities, where transactions and interactions across different blockchain systems can occur seamlessly and efficiently. The use of AI in the context not only enhances the precision and functionality of interoperability solutions but also opens the door to new forms of blockchain innovation that are more adaptive, secure, and scalable.
The collaboration with NEAR Protocol, backed by official funding, marks a significant milestone for MAP Protocol in its journey towards achieving unparalleled interoperability within the blockchain domain. The forthcoming announcement at the NVIDIA AI Conference about NEAR’s commitment to evolving into an AI-centric blockchain platform further amplifies the significance of the partnership. At NEARCON 2023, the initiation of the NEAR Mission to enrich AI models through community participation underscored the symbiotic relationship between blockchain and AI.
Advancing cross-chain interoperability
The decision by MAP Protocol to join the NVIDIA Developer Program and align its goals with NEAR Protocol’s AI-driven approach signifies a strategic move towards expediting the development of cross-chain interoperability. With the official grant from NEAR, MAP Protocol is set to pioneer interoperability between the AI-powered NEAR blockchain and other chains, thereby enhancing the fluidity and functionality of digital asset transactions across diverse blockchain ecosystems.
This effort not only demonstrates MAP Protocol’s commitment to innovation but also highlights the critical role of partnerships and collaborations in pushing the boundaries of what blockchain technology can achieve. The integration of AI into the blockchain sphere through initiatives like these is poised to revolutionize the efficiency, security, and usability of blockchain systems, making them more adaptable and accessible to users worldwide.
Conclusion
The strategic integration of MAP Protocol into the NVIDIA Developer Program, combined with its collaboration with NEAR Protocol, marks a significant leap forward in the quest for enhanced blockchain interoperability. By harnessing the power of artificial intelligence, these partnerships aim to unlock new possibilities for seamless and efficient interaction across different blockchain systems. As we move towards a future where blockchain and AI converge to create more sophisticated and user-friendly digital platforms, the initiatives led by MAP Protocol are not just innovative steps but giant leaps towards realizing the full potential of blockchain technology. The collaborative effort not only sets a new standard for blockchain interoperability but also paves the way for future innovations in the digital economy.
✴#BTC#crypto#presentation#forecast After the halving in 2012, the price of BTC reached a maximum of 367 days
After the halving in 2016, the price of BTC reached a maximum of 526 days
After the 2020 halving, the price of BTC reached a maximum of 547 days
historical pattern shows that now the BTC rate is still far from the top of the market - experts (but this is not certain) —————————— growth typically continued for 12-16 months after the halving
From cryptocurrency, investments in cats in the map can turn $10 into $1000
B maps of the cyptopinka stain obviously optimistic settings, because of which the investors are wondering what assets will allow them to work at the end of the month. With this article, a small amount of this cryptocurrency, the price of which can be quickly paid out in the course of the first month, even if the conditional investment in the bank $10, which can be paid in $100 There were 0.
I CAN'T BELIEVE I RECEIVED SO MANY TOKENS FOR FARMING #Aevo . My friend, I published the number of mined tokens below, but something tells me that you can farm much more profitably! That's the secret! The most profitable farming occurs at night, a competent friend told me this!
Crypto exchange HTX (formerly Huobi) announced the launch of a decentralized autonomous organization (DAO). All holders of HTX exchange tokens will be able to participate in the management of the project. As representatives of HTX DAO write, its establishment, aimed at exploring the prospects of the blockchain ecosystem, “will open a new chapter in decentralized governance.” According to the official website, HTX DAO invites all HTX token holders, including ecosystem developers and partners, to participate in the project. Voting on participant proposals will be carried out within the network with protection from unauthorized access and falsification, which will ensure transparency, efficiency and fairness of the governance mechanism. In the future, HTX DAO will also act as a liquidity provider for the HTX and Poloniex exchanges. The organization offers a yield of up to 30% per annum for supplying liquidity to the HTX/TRX pool on the Sun io platform in the TRON network, the funds will be used to develop the ecosystem. The head of the HTX and Poloniex crypto exchanges, as well as the creator of the TRON blockchain, is Justin Sun. Last November, both trading platforms were hacked in turn for a total of over $210 million. The businessman pledged to cover the losses and conduct an airdrop for users after the exchanges were fully restored. In turn, TRON attracted the attention of analysts as the most popular blockchain among terrorists. In response, Sun stated that the project team is committed to combating the financing of terrorism, but its top priority remains maintaining decentralization, ensuring the safety of assets and ensuring instant, accessible and reliable transactions. TRON surpassed 200 million users in early December. By the end of December, The number of active users for 30 days Tron with a large margin took first place (43 million). In December, the financial exploration of India called for the HTX website for violation of the Aml-Wakes, and the Apple removed the Exchange from the local App Store. #CryptoLady #Cryptocurrrency 5027623770#CryptoLady 554542 581730#CryptoNews🔒📰🚫
Hard fork - what is it and how does it affect blockchains
Any project requires constant updates. Since blockchain projects do not have a single control center, the community decides by voting in which direction the project will move. An update in the world of crypto is called a fork. What does the fork have to do with it? If you look at a fork, you will see that its teeth come from the same base, that is, they branch. The same goes for the blockchain: after a hard fork, one blockchain is divided into two, and the point of the hard fork is the boundary where their common history ends.• Specifically about the hard forkIf translated literally, hard fork in English means “hard update”. Why do they do a hard fork? The reason could be some critical situation where drastic action needs to be taken - hacking, community disagreements, large-scale updates. The community decides on a hard fork, after which the network is divided into two different ones, but they have a common past, and therefore a common architecture, algorithm consensus and other technical features. However, in almost all cases, after a fork, the separated network accepts updates that fundamentally change the features of the blockchain.Who decides on a hard fork? Developers, node validators and miners.• Example in historyIf part of the community does not agree with some innovations, this can lead to a hard fork. This happened with Bitcoin in 2017, when the community proposed an update that would increase the block size to improve the efficiency of the network. Part of the community proposed a hard fork and the emergence of a new blockchain, Bitocin Cash, in which the block size would be increased from 1 to 8 MB. Miners supported the adoption of a softwork ("soft" update) - activation of the SegWit protocol, which will increase the block size from 1 to 2 MB without the need to split the network. As a result, the community that disagreed with the Segwit protocol broke away from the main network and carried out its own update, forming a new Bitcoin Cash blockchain. #хардфорк
Mark Yusko: “The fair price for Bitcoin is $50,000”
Morgan Creek Capital CEO Mark Yusko shared his thoughts on the recently approved Bitcoin spot ETFs in the United States and their potential impact on the cryptocurrency market. Mark Yusko acknowledged that the emergence of cryptocurrency exchange-traded funds tied to Bitcoin in the United States is an important step for its widespread adoption. However, average investors, especially those from the baby boomer generation born between 1946 and 1964, may not be tech-savvy enough to understand triple-entry bookkeeping. Yusko noted that the cryptocurrency exchanges Coinbase and Kraken greatly simplify the process of buying Bitcoin for investors. Responding to concerns that a spot Bitcoin ETF could reduce the volatility of the first cryptocurrency, Yusko said that this is a natural process that is associated with the maturation of the crypto market. The head of Morgan Creek Capital recalled the early days of Bitcoin, noting that its growth from a small pilot project to an established asset class naturally leads to reduced volatility. According to Yusko, volatility is an integral aspect of Bitcoin. Yusko confirmed his previous forecast regarding the first cryptocurrency. According to his estimates, the fair value of BTC should now be $50,000, and by the time of halving, Bitcoin will approach this mark so that miners remain profitable. After reducing the reward to miners, the fair value of Bitcoin may double, and already in 2024 the BTC rate will be in the six-digit range, Yusko suggested. However, he expects less dramatic price movements compared to previous cycles. Regarding the possible approval of a spot ETF for ether, the CEO of Morgan Creek Capital did not give encouraging forecasts. The approval process for Ether ETFs can be much more complex. The US Securities and Exchange Commission's (SEC) position that ether is not a security may change. Therefore, the chances of approval of exchange-traded funds linked to ether are less than 50%, Yusko concluded. Last year, the founder of Morgan Creek Capital said that sooner or later the whole world will use Bitcoin. #CryptoLady #cryptonewstoday #Cryptocurrrency
Sentiment on the crypto market became “neutral” after the approval of the Bitcoin ETF
According to the index of fear and greed of cryptocurrencies compiled by the Alternative.me tracker, on Monday the sentiment in the cryptocurrencies market became “neutral” after almost three months of being in the f aze “greed”. The index currently shows a score of 52, which indicates neutrality on a scale of 0 to 100. Levels close to zero indicate “extreme fear,” and levels close to 100 indicate they call for “extreme greed.” The indicator has remained in “greed” territory since October 24 last year and reached a maximum of 76 points on January 9 in anticipation of US approval of spot bitcoin exchange-traded funds. According to T. market, the index takes into account many factors, such as volatility, market volume, social networks, dominance and trends. Over the past 24 hours, the price of Bitcoin has fluctuated in the range from $41,753 to $43,005, the current price is approximately $42,200.#CryptoLady #cryptonewstoday 61776678 503
Analytic Ali Maptinec dropped Dogecoin (DOGE) above $0.10
Given that the previous week brought profits to the cryptocurrency market, some digital assets showed promising signals that may indicate their future movement. Recently, on the Dogecoin 3-day chart, TD Sequential gave a buy signal. The probability of a recovery to $0.1 or higher seems considerable; much will depend on the stable stability of the $0.074 support cluster, says cryptanalyst Ali Martinez. TD is a reliable tool created to accurately determine the moment of trend fatigue and the subsequent price reversal. As a tool, it eliminates the limitations observed in various technical analysis indicators that prove profitable in trending markets and demonstrate suboptimal results on volatility current markets. To determine whether a potential DOGE surge is promising, you should use a variety of technical indicators. The Relative Strength Index (RSI) is designed to display current and past market strengths or weaknesses based on closing prices observed during the last trading session. oh period. Despite the recovery in the Dogecoin price, the daily relative strength index (RSI) does not give any optimistic indications. A value above 50 and an upward trajectory indicate a bullish dominance, while values below 50 are bearish. At the moment of publication, the daily RSI was at 47. The current price of DOGE is $0.0804, marking a daily decrease of -2.2%, extending the weekly chart by 1.7%. technical indicators are unfavorable for DOGE prices, tending to the "supply" signal at point 11, then the sliding fronts coincide with the "supply" command at point 10. On the other hand, the oscillators move to the neutral position, indicating that enie 9.#Dogecoin-DOGE #CryptoLady #investors
According to the agency, the rapid decline in the value of the shares of the American company is due to increased competition from China and a drop in demand for cars. It is noted that in 2023, Tesla doubled its capitalization, however, after reports from one of the largest car rental players, Hertz Global Holdings Inc. about the abandonment of electric vehicles, the company’s shares plummeted. “Investors’ main concern regarding Tesla is the stagnation of growth in the electric vehicle market,” Bloomberg quotes Cowen analyst Jeffrey Osborne as saying. Tesla recently announced another price cut for its products in China as part of competition. #CryptoLady #FinancialFreedom
Which cryptocurrency should you buy in 2024 - Ethereum or Solana?
The host of the YouTube crypto channel Coin Bureau, Guy Turner, analyzed two competing blockchains, Ethereum and Solana, to help users choose the most suitable option. The comparison was made from the point of view of financing, technology, tokenomics and implementation. The cryptanalyst believes that the Ethereum framework is superior to the Solana network, despite the fact that the latter attracted significantly more funds at early stages. According to Turner, if both projects were created in the same season, Ethereum would undoubtedly attract more funds than Solana. The reason for this is that Ethereum is a crypto project that introduced smart contracts, and Solana can be seen as a solution aimed at becoming a faster version of Bitcoin oina. Turner favors the security and decentralization of Ethereum over Solana's emphasis on scalability. He believes that the Solana model is leaning towards centralization and could mean a “race to the bottom,” ending with all cryptocurrencies running on a centralized server , controlled by the FPC. At the same time, the analyst added that Solana as an ecosystem has much more opportunities for growth compared to Ethereum. According to Turner, Solana has the same number of monthly active users as Ethereum, despite the former’s much more modest numbers. He believes that this is an impressive indicator, foreshadowing the transformation of Solana into the most active blockchain of all. However, he noted that the implementation of Solana is happening mainly in the United States, where crypto projects face significant regulatory obstacles. Despite the fact that the expert considers Ethereum to be a more ideal cryptographic solution, noting its decentralized properties, he believes that Solana has more opportunities for growth.806 07723511#Ethereum! #CryptoLady #SolanaTrade #cryptonewstoday
An American non-profit organization was outraged by the launch of a spot Bitcoin ETF
The American non-profit organization Better Markets, created to bolster public interest in financial markets and the economy, expressed concern about the Securities Commission's approval of the boom gam and US exchanges (SEC) spot bitcoin ETF. According to its management, instead of protecting crypto investors, the SEC allowed “mass marketing of obviously useless, volatile and fraudulent financial about the product among ordinary Americans." On January 11, Better Markets published a press release in which it stated that the law does not support US regulators approving applications for ETFs. She also criticized claims that the SEC was forced to take this step after Grauscale's court victory. Let us recall that in August 2023, the US court ruled that the SEC’s rejection of the application for a spot Bitcoin ETF from Grauscale represented a “subjective and arbitrary” decision. However, Better Markets disagreed with suggestions that the SEC's defeat would mean it would have to approve the ETF. The court in the Grauscale case simply stated that the SEC failed to sufficiently explain its previous refusal. The SEC could and should have rejected applications for ETFs and justified its decision in more detail, pointing out that “up to 77.5% of total trading volume on unregulated exchanges occurs due to "bogus trading" and that as many as 95% of Bitcoin trading "could also be “the result of fictitious trading,” said the non-profit organization. Better Markets also noted that BTC supporters will most likely position this decision as a kind of government support for cryptocurrencies. Paying attention to BTC and cryptocurrencies in general, representatives of the organization state that the main cryptoasset remains a “worthless financial product” that is preferred only speculators, gamblers and criminals. Better Markets’ position is that no regulator has ever been able to effectively control the crypto industry. The company also criticized the Chairman of the US Commodity Futures Trading Commission (CFTC) Rostin Benham, who, in their opinion, turned out to be “nothing more than a biased supporter of crypto currencies".#CryptoUpdate #crypto2024 #CryptoLady #BTC-ETF. #CryptoNewsUpdate
Ark Invest CEO Katie Wood expects Bitcoin to rise to $1.5 million by 2030
General Director of Ark Investment Management (hereinafter referred to as Ark Invest) Katie Wood increased her forecast for the price of Bitcoin after the approval of 11 spot exchange-traded funds for Bitcoin by the US Securities and Exchange Commission (SEC ). Referring to the asset management company's annual report "Big Ideas Ark 2023", which highlights the "technological breakthroughs developing today and creating the potential for epxexponential growth tomorrow,” Wood noted the following: Our base scenario for the price of Bitcoin is in the range of $600,000. According to Ark predicts that in the future the price of BTC will reach $1.48 million per coin. We believe that the likelihood of a bullish scenario has increased after the approval of the ETF, this is a green light. Our bull case scenario calls for $1.5 million by 2030. This is the first global decentralized digital... rules-based monetary system in history. This is a colossal innovation. Ark and 21shares' proposal for a spot Bitcoin ETF was among 11 applications approved by the SEC this Wednesday. On the first day of trading, the trading volume of spot Bitcoin ETFs amounted to $4.6 billion. The court is of the opinion that spot Bitcoin ETFs will attract significant institutional flows into Bitcoin, which will lead to a large increase in the price of BTC.#CryptoLady #CryptoUpdate #BTC!💰 #CryptoNews🔒📰🚫