And there you go, $SUI tagged the 1.618 FIB level. An easy 430% move since our buy level back in August. Next stop next FIB level at $4.9 Absolute beast! #Suipriceanaysis #SUI
Bitcoin hits $80,000 for first time amid optimism over Trump $BTC soared to a new record high on Sunday, as the cryptocurrency continues to rise following Donald Trump’s presidential election win.The digital currency passed $80,000 for the first time shortly after 12:00 pm (1200 GMT). It reached $75,000 on Wednesday, topping its previous all-time peak of $73,797.98 achieved in March. It has been rising since Republican candidate Trump won last Tuesday’s US presidential election over sentiment that he will ease regulations on digital currencies. The odds that Bitcoin and crypto will become a significantly larger asset class have risen markedly,” Charles Morris, an analyst at investment company ByteTree told AFP.
Bitcoin reached $75,000 on Wednesday, topping its previous all-time peak of $73,797.98 achieved in March.
“We shouldn’t expect this bullish trend to be interrupted for a long time — about a year. The next level for me is $100,000,” Stephane Ifrah, of French crypto asset management company Coinhouse, told AFP.
Trump was seen as the pro-crypto candidate in his battle with the Democratic Party’s candidate Kamala Harris.
During his first presidency Trump referred to cryptocurrencies as a scam, but has since radically changed his position, even launching his own platform for the unit.
He has pledged to make the United States the “bitcoin and cryptocurrency capital of the world,” and to put tech billionaire and right-wing conspiracy theorist Elon Musk in charge of a wide-ranging audit of governmental waste.
The previous Trump term saw corporate tax cuts that brought more liquidity to markets, encouraging investment into high-growth assets such as cryptocurrency.
Trump announced in September that he, along with his sons and entrepreneurs, would launch a digital currency platform named World Liberty Financial.
How Bitcoin reserves of the largest exchanges changed since the FTX collapse
November marks two years since the FTX exchange went bankrupt. Since then, major crypto exchanges have seen their Bitcoin reserves grow.
FTX’s inability to maintain sufficient reserves to meet user requests exposed severe flaws in its controls. It also highlighted the need for greater transparency and reliable reserve reporting among all crypto exchanges.
Observers have grown keenly aware of the risks that exchanges face when they lack sufficient reserves. If they cannot meet withdrawal requests, it undermines user confidence and puts them at risk of losing funds. Maintaining adequate reserves is critical for liquidity and order execution, especially during volatile periods.2022How has crypto changed post-FTX? FTX‘s collapse in November 2022 was one of the most significant and dramatic events in the crypto industry’s history. This incident undermined investor confidence and caused profound changes in the crypto market’s structure and functioning.
At the time, the price of Bitcoin Bitcoin btc 5.74% Bitcoin and other major cryptocurrencies fell, reflecting fear and distrust of institutional players in the market. Many investors began to doubt the safety and stability of crypto and, as a result, decided to leave the market completely.
Attention toward security issues became even more urgent. Many crypto exchanges and projects have begun implementing new measures to protect users’ funds, including two-factor authentication, monitoring systems, and analyzing transactions for suspicious activity.
New security standards have emerged, as well as solutions to prevent the loss of funds in case of hacks or fraudulent activities. Among others, the PoR standard has emerged — a mechanism cryptocurrency exchanges use to publicly demonstrate that they have enough assets in reserve to cover all user balances.
“PoR fosters trust and transparency, as it allows users to confirm that an exchange has not over-leveraged or mismanaged their assets, which has become particularly crucial following high-profile exchange collapses in the industry.”Major exchanges record Bitcoin outflow Among the major exchanges with the most prominent Bitcoin reserves, only Coinbase does not publish PoR reports. Experts note that the other major exchanges periodically provide such reports with varying degrees of transparency.
Binance’s reserve increased by 28,000 BTC, or 5%, reaching 611,000, despite the pressure from the U.S. authorities in 2023. Among the major exchanges, Binance also shows the most minor reserve decrease over the entire period, not exceeding 16 %.
Cryptocurrencies aren’t backed by a government or central bank. Unlike most traditional currencies, such as the U.S. dollar, the value of a cryptocurrency is not tied to promises by a government or a central bank.
If you store your cryptocurrency online, you don’t have the same protections as a bank account. Holdings in online “wallets” are not insured by the government like U.S. bank deposits are. A cryptocurrency’s value can change constantly and dramatically. An investment that may be worth thousands of dollars today could be worth only hundreds tomorrow. If the value goes down, there’s no guarantee that it will rise again. Nothing about cryptocurrencies makes them a foolproof investment. Just like with any investment opportunity, there are no guarantees.
No one can guarantee you’ll make money off your investment. Anyone who promises you a guaranteed return or profit is likely scamming you. Just because the cryptocurrency is well-known or has celebrities endorsing it doesn’t mean it’s a good investment. Not all cryptocurrencies or the companies behind them are the same. Before you decide to invest in a cryptocurrency, look into the claims the company is making. Do an internet search with the name of the company and the cryptocurrency with words like review, scam, or complaint. Look through several pages of search res ults. #BIOProtocol #BTCBreaks80KATH #AltCoinSeason #EthereumRally #FedRateStrategy
Best Crypto to Buy Now in November 2024 – Top Crypto to Invest In
#BNBChainMemecoins Our research shows the best cryptos to buy right now are Bitcoin, Ethereum, XRP, Solana, BNB, Dogecoin, and Cardano. These projects range across various Web3 sectors, investment types, and risk levels, catering to diverse crypto investors.
Bitcoin is the best crypto to invest in today, combining unmatched security, global recognition, and long-term value. Here, we analyze the best cryptocurrencies to buy in November 2024, and share our methodology and criteria for rating crypto projects. #BTCBreaks80KATH #MicrosoftBitcoinRejection #Trump47thPresident $BTC
Bitcoin’s recent market swings have attracted attention as it fell from recent highs and displayed significant volatility. This movement comes after a strong rally earlier in the year, which raised hopes among investors for a potential new bull market. However, global economic uncertainty and regulatory challenges are creating a mixed landscape.Analysts are divided over whether this pullback is a temporary correction or the start of a broader trend. Some see it as a “healthy” pullback that allows the market to reset, while others worry about broader factors that could sustain downward pressure. Interest rate changes, inflation concerns, and regulatory developments, especially in major markets like the U.S., continue to affect Bitcoin’s price.
In the short term, some are predicting that Bitcoin could see a rebound if regulatory news, especially concerning ETFs, takes a positive turn. In contrast, a bearish trend could continue if economic pressures worsen or if regulators take a stricter stance. The next few weeks are likely to provide key insights as market and economic data unfold.#MyFirstSquarePost