The circulation of the flagship cryptocurrency has slowed down noticeably recently. This was pointed out by the founder and CEO of CryptoQuant, Ki Young Ju. He drew the attention of his subscribers on the social network X, banned in Russia, to the “Velocity” indicator, which tracks the speed at which coins circulate on the market.

#btc #eth #wsm По мнению аналитиков, консолидация последних недель является позитивным признаком для дальнейшего восходящего движенияКурс биткоина (BTC) в моменте достиг отметки $38 035 в паре к стейблкоину Tether USD (USDT) на бирже Binance, что стало новым максимумом 2023 года. Ровно год назад, 24 ноября 2022 года, первая криптовалюта торговалась около отметки $16 600. Таким образом, за прошедший год биткоин вырос почти на 130%.

"We confirm that in Argentina you can enter into contracts." in Bitcoin. <span And also in any other form of cryptocurrency,” Mondino wrote on the social network X (Twitter). The minister did not provide details of the new measures that the government plans to take regarding cryptocurrencies, but this decision is in line with the views of the recently elected President Miley on monetary the country's politics amid serious problems with hyperinflation and devaluation of the Argentine peso.rbc.groupJavier Miley was elected President of Argentina on November 19, 2023. He won 55.75% of the vote, while his opponent, candidate from the previous government Sergio Massa, received 44.24%. Miley promised to significantly reduce the public sector of the economy and government spending, combat triple-digit inflation, eliminate the Central Bank and replace the peso with the US dollar. He also intended to withdraw Argentina's application to BRICS and strengthen relations with the United States and Israel, breaking with Brazil and China. “Miley views Bitcoin as a critical tool in the fight against the inefficiency and corruption of centralized financial systems,” The Block quoted a Grayscale Investments report published in November. The new president of Argentina is considered an ardent opponent of central banks and supports the idea of ​​​​bitcoin, believing that the big advantage of digital gold is its limited supply. After Miley’s victory in the presidential election, the Bitcoin exchange rate against the Argentine peso approached a historical high.

Kaiko analysts note that the growth of the indicator coincided with the update of ATH, and traders are taking profits as Bitcoin updated its historical maximum of $73,000. The depth of asset liquidity reached a record, and the trading volume of the first cryptocurrency returned to 2021 levels.
According to on-chain analysis, a slower increase in the number of new Bitcoin millionaires is recorded. The daily increase is less than 2000. In 2021, the daily increase reached 4000.

#btc #eth #wsm The CEO of Bitwise said that officially registered investment advisers (RIAs) and companies that engage in fiduciary capital management are increasingly becoming interested in Bitcoin. Hunter Horsley believes that many family offices are now buying their first cryptocurrency, but almost none of them are publicly announcing it. If you look at the profiles of these management companies on LinkedIn or their websites, there will be nothing said about buying Bitcoin. The Bitwise CEO claims to have had about ten two-hour meetings with RIAs this week, and all of them showed genuine interest in Bitcoin. “Many investment advisors are well aware of what Bitcoin is, they are looking at investments in BTC for the long term and thinking about how Bitcoin can fit into an investment portfolio,” the businessman assures. The head of Bitwise is confident that this indicates a turning point in the adoption of Bitcoin by traditional companies. The upcoming halving, which could become a catalyst for an increase in the value of the first cryptocurrency, also contributes to interest. Hunter Horsley suggested that after the reward for miners is halved, the BTC rate is able to reach $100,000. However, according to the top manager of Bitwise, the importance of halving is greatly underestimated by the market. According to December forecasts from Bitwise Asset Management analysts, in 2024 the Bitcoin rate will reach new historical highs and rise to $80,000.

#btc #etc #wsm Happycoin.club - The US Financial Accounting Standards Board has announced new rules requiring companies to measure Bitcoin and cryptocurrencies at fair value. The rules are set to take effect on December 15, 2024, although companies have the option to adopt them earlier. The guidelines require businesses to report the value of Bitcoin and cryptocurrencies at market prices at the end of each reporting period. The new initiative aims to improve the transparency and accuracy of financial reporting, given the volatile nature of digital assets such as Bitcoin. Unlike previous methods, which treated Bitcoin as an intangible asset, the new approach uses fair value accounting. The innovation will allow companies to periodically record unrealized gains and losses by offering benefits on their balance sheets if the asset price rises, without having to sell. The change could encourage more companies to hold bitcoin for the long term and report appreciation without selling. Grayscale Investments LLC CFO Edward McGee called the new initiative a “holiday gift of common sense accounting.”

The first cryptocurrency has risen in price by more than 70% since the beginning of the year
The Bitcoin (BTC) rate on March 12 at 17:00 rose above $73 thousand on the Binance exchange paired with the USDT stablecoin, reaching a new historical high. Immediately after reaching this mark, the rate rolled back. At 17:30 Moscow time, Bitcoin is trading at $71,950.

#btc #eth #wsm Experts predicted a drop in the rate of the first cryptocurrency to $32 thousand. According to specialists from the analytical platform CryptoQuant, the approval of a spot Bitcoin ETF in the United States could become “sell the news,” writes The Block. This will lead to the fact that the price of BTC could drop to $32 thousand, experts believe. Buy the Rumor, Sell the News is an investor strategy “Buy on rumors, sell on facts/news.” The mechanism works like this: on the eve of an event (based on rumors about it), the market, fueled by anticipation, invests in the asset, which contributes to its rise in price. In this case, buying bitcoins before the expected approval of spot bitcoin ETFs. But among investors there are both speculators and those who plan to close positions at local highs. Therefore, the expected event itself often becomes a reason for them to fixate (selling on news), which leads to a correction in the price of the asset after the event. In support of its forecasts, CryptoQuant provides data according to which Bitcoin owners have large unrealized profits after the first cryptocurrency grew in price above $40 thousand. Historically, this precedes a price correction, analysts say.rbc.grouppressure on Bitcoin sales could also come from high unrealized miner profits, CryptoQuant noted, pointing to increased sales from Bitcoin miners in the past few weeks, during which the BTC price remained above $40 thousand. According to analysts, if the “sell at news" is correct, then the price of Bitcoin may drop to $32 thousand. Earlier, Bitfinex analysts predicted a correction in the Bitcoin rate. They noted that the short-term pullback of the first cryptocurrency may be due to the fact that the $44 thousand level serves as a profit realization point for medium-term holders of the asset.

#btc #eth #wsm Happycoin.club - Восстановление крипторынка, зафиксированное в сентябре, привело к тому, что значительное количество кошельков, созданных в 2012 году, вернулись к жизни. Переводы с кошельков 2009 года практически отсутствуют, а переводы с адресов 2010 года и вовсе становятся всё более редкими.В октябре также было замечено несколько переводов с кошельков 2012 года, причём последний из них произошёл 31 октября 2023 года. Эта транзакция включала перемещение 10 биткоинов из кошелька, созданного 13 декабря 2012 года.30 ноября 2023 года произошло ещё одно примечательное событие: кошелёк того же года провёл значительный перевод 100 BTC на сумму $3,77 млн.

Richard Teng believes that the fundamental value of Bitcoin will depend on its liquidity and the recognition of cryptocurrency as a full-fledged asset class. The head of the largest crypto exchange Binance, Richard Teng, believes that the upcoming Bitcoin halving will take place under “unique” conditions. In comments to The Block, Teng, who headed Binance in November 2023 after the departure of its founder Changpeng Zhao, indicated that the fourth Bitcoin halving is unique in that it will take place against the backdrop of a number of other important events in the Bitcoin ecosystem and will coincide with a period of growth in both cryptocurrency and and in the global market as a whole. In addition to the growing interest from institutional investors caused by the launch of exchange-traded funds (ETFs) on Bitcoin, according to Teng, today there is a boom in activity in Layer 2 networks and decentralized finance (DeFi) protocols on the blockchain bitcoin. This growth is largely due to the popularity of the Ordinals protocol, which allows the issuance of NFTs based on Bitcoin. According to him, the Bitcoin rate shows an upward trend for six months after each halving, which leads to a decrease in the rate of issuance of the first cryptocurrency. Teng believes that the reduction in the supply of new Bitcoin coins is a key factor in the growth of its price. #btc #eth #wsm

Markus Thielen from 10x Research allowed Bitcoin to rise above $52 thousand by the end of the first quarter of 2024, writes CoinDesk. The analyst, who predicted Bitcoin's recent decline to $38,000 in mid-January, believes that a slowdown in the outflow of funds from the Grayscale Bitcoin Trust (GBTC) and advertising of a Bitcoin ETF on Google could contribute to further growth in the rate of the first cryptocurrency. Thielen uses Elliott theory in his forecasts , which assumes that asset prices move in waves. According to this theory, a trend develops in five waves, of which the first, third and fifth are “impulse waves” of the main trend. The rest are “pullback waves,” meaning a temporary halt to the underlying trend. According to Thielen, Bitcoin has been in this “wave” pattern since early last year, and the recent decline from $49K to $38.5K represents the fourth wave. that is, a temporary setback. Now the fifth wave has begun, which can raise the price of Bitcoin above $52.6 thousand. Thielen considers the breaking of the $43 thousand level to be the right moment to start “bullish” bets. And, in his opinion, advertising of exchange-traded BTC funds on Google can lead to an increase in the price of Bitcoin , the general growth of the stock market and the cessation of the influence on the price of the first cryptocurrency of the outflow of funds from the Grayscale fund.“From a risk management perspective, we should go long again as soon as Bitcoin breaks above $43,000. <span Potential catalysts for a move higher could include a reduction in the impact of Grayscale GBTC sales on the price of Bitcoin, new all-time highs in stocks and allowing advertising crypto ETFs on Google,” wrote the founder of 10x Research.#btc #eth #wsm