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BTC drops to $60K Due to Mt Gox Distribution, Predicts Surge to $100K
$BTC Bitcoin price drops below $60k on fears of massive selling following distribution from defunct Mt Gox exchange.
Mt Gox is expected to distribute around $9 billion of Bitcoin, and many expect recipients of these Bitcoins to sell, given the rise in prices over the last ten years.
In addition, the sale of Bitcoin by the German government and some "whales" also added to the pressure. Crypto market sentiment has weakened, with crypto ETF trading volumes declining drastically in recent months.
Mt Gox is expected to distribute around $9 billion of Bitcoin, and many expect recipients of these Bitcoins to sell, given the rise in prices over the last ten years.
In addition, the sale of Bitcoin by the German government and some "whales" also added to the pressure. Crypto market sentiment has weakened, with crypto ETF trading volumes declining drastically in recent months.
$NOT Potensi Naik sampai dengan 100x lipat
semenjak Launch 14mei 2024 kemarin.
#HOLDER untuk Coin kita guys
Still in beta, so the app shows you earned amount from active pools only, which is not full amount you earned from Explore. No worries, your balance will be updated once fix is rolled out.
Today rewards were increased to 600% APY for Platinum and Gold btw
___________\__\__________
300%+ APY now for Platinum btw and we just started with 4 pools
60 Notcoin per hour x 24 hours
= 1,440 Notcoin per day
x 365 days
= 525k Notcoin
how many pools per user?
no limit :)
the real Annual Percentage Yield, not what others offer you for a week or so
and holy math, it works
wow
💎
semenjak Launch 14mei 2024 kemarin.
#HOLDER untuk Coin kita guys
Still in beta, so the app shows you earned amount from active pools only, which is not full amount you earned from Explore. No worries, your balance will be updated once fix is rolled out.
Today rewards were increased to 600% APY for Platinum and Gold btw
___________\__\__________
300%+ APY now for Platinum btw and we just started with 4 pools
60 Notcoin per hour x 24 hours
= 1,440 Notcoin per day
x 365 days
= 525k Notcoin
how many pools per user?
no limit :)
the real Annual Percentage Yield, not what others offer you for a week or so
and holy math, it works
wow
💎
See original
$BTC bull
Bitcoin is becoming increasingly attractive as more and more investors become aware of its uniqueness. Moreover, the newly introduced Bitcoin spot exchange-traded fund (ETF) product is able to simplify the investment process. So, this has the potential to increase the price of Bitcoin substantially.
Analysts at The Motley Fool highlight that the approval of a Bitcoin ETF is a monumental step in the acceptance of crypto assets. They believe this has the potential to trigger an increase in Bitcoin prices to US$400,000 (Rp. 6.4 billion) or even US$ 1 million (Rp. 16.06 billion).
Bitcoin's Path to US$400,000 and Beyond
ETF products allow retail investors not to have to struggle with complex crypto exchanges and digital wallets. So, Bitcoin becomes much easier to access.
However, in fact the potential for substantial growth lies with institutional investors who are starting to enter the Bitcoin market. This group of investors comes from pension funds, pension plans, and hedge funds, which manage large amounts of funds. Previously, they were hindered by the complexity of digital assets. Luckily, now these institutions can easily include Bitcoin in their portfolios thanks to ETFs.
To date, around 700 professional investment companies have invested around US$5 billion in this ETF product. A number of prominent investors, such as Millennium Management, allocate around 3% of their US$64 billion portfolio to Bitcoin ETFs. Not to forget, other investors such as Morgan Stanley and Bracebridge Capital, as well as the State of Wisconsin Investment Board, are also among the most significant participants.
However, institutional investors currently only represent around 10% of total ETF holdings. Apart from that, the phenomenon of continuing to rise in this figure shows an increase in institutional interest. In turn, this could significantly boost demand for Bitcoin. Institutional investors often conduct extensive due diligence before diversifying into new assets such as Bitcoin.
Bitcoin is becoming increasingly attractive as more and more investors become aware of its uniqueness. Moreover, the newly introduced Bitcoin spot exchange-traded fund (ETF) product is able to simplify the investment process. So, this has the potential to increase the price of Bitcoin substantially.
Analysts at The Motley Fool highlight that the approval of a Bitcoin ETF is a monumental step in the acceptance of crypto assets. They believe this has the potential to trigger an increase in Bitcoin prices to US$400,000 (Rp. 6.4 billion) or even US$ 1 million (Rp. 16.06 billion).
Bitcoin's Path to US$400,000 and Beyond
ETF products allow retail investors not to have to struggle with complex crypto exchanges and digital wallets. So, Bitcoin becomes much easier to access.
However, in fact the potential for substantial growth lies with institutional investors who are starting to enter the Bitcoin market. This group of investors comes from pension funds, pension plans, and hedge funds, which manage large amounts of funds. Previously, they were hindered by the complexity of digital assets. Luckily, now these institutions can easily include Bitcoin in their portfolios thanks to ETFs.
To date, around 700 professional investment companies have invested around US$5 billion in this ETF product. A number of prominent investors, such as Millennium Management, allocate around 3% of their US$64 billion portfolio to Bitcoin ETFs. Not to forget, other investors such as Morgan Stanley and Bracebridge Capital, as well as the State of Wisconsin Investment Board, are also among the most significant participants.
However, institutional investors currently only represent around 10% of total ETF holdings. Apart from that, the phenomenon of continuing to rise in this figure shows an increase in institutional interest. In turn, this could significantly boost demand for Bitcoin. Institutional investors often conduct extensive due diligence before diversifying into new assets such as Bitcoin.
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Just beat it
$BTC BUY ↗️
Line Yellow : TP (target profit)
Line Red : SL (Stop Loss)
❗️Trade at your own Risk❗️
#Bitcoin🤝 #BTCupdate #BTC！
Line Yellow : TP (target profit)
Line Red : SL (Stop Loss)
❗️Trade at your own Risk❗️
#Bitcoin🤝 #BTCupdate #BTC！