US Elections: Bitcoin has already made its decision! Why a correction is inevitable regardless of the winner
When it comes to US elections and their impact on Bitcoin, this topic always sparks heated discussions among crypto enthusiasts. Many investors and analysts tend to believe that any major political events—especially those like presidential elections—can significantly affect the cryptocurrency market. However, the reality is that the Bitcoin market operates somewhat differently than the traditional stock market. In the case of the upcoming US elections, the impact on the crypto market is likely already 'priced in,' and strangely enough, regardless of the voting outcome, we will most likely see a correction.
Investments of the British pension fund in Bitcoin: a sign of growing interest in cryptocurrencies
Recent events in financial markets indicate a significant shift in attitudes toward cryptocurrencies among major institutional players. One British pension fund announced an investment in Bitcoin amounting to $2 million, which represents 3% of its assets. Unlike the traditional method of purchasing cryptocurrencies through exchange-traded funds (ETFs), the fund chose to acquire Bitcoin directly. This step demonstrates the growing interest of pension funds in cryptocurrency assets, despite the inherent risks and high volatility.
1. Price and market movement: - Current price: 67,215.2 USDT (+0.16% in the last 24 hours). - Max for 24 hours: 68,400 USDT. - 24 hour minimum: 67,053.6 USDT. - The current uptrend is visible from the candles breaking through resistance levels and moving towards a local maximum. 2. Moving Averages (MA): - MA(20) = 63,267.81 (yellow line) – the price is above this line, which signals a short-term uptrend.
The current price of Bitcoin BTC at the time of writing is $64,703.71. Technical analysis on different timeframes: Hourly timeframe - Moving averages (MA): - MA (50): The price is above the 50-hour MA, indicating a short-term uptrend. - MA (200): The price is above the 200-hour MA, confirming a strong uptrend.
The assassination attempt on Trump and the market reaction
The assassination attempt on former US President Donald Trump has caused significant concern in both the political and financial spheres. In times of uncertainty and potential market instability, investors have traditionally sought refuge in stable assets. This time, along with the usual demand for US dollars, bitcoins also attracted the attention of investors.
A selection of the latest Bitcoin news for today, July 15, 2024:
Bitcoin price growth: The price of Bitcoin rose to more than $62,000, driven by increased demand for US Bitcoin spot ETFs and expectations of a possible interest rate cut by the Federal Reserve in September. This comes amid significant inflows into Bitcoin ETFs, which reached $15.5 billion, indicating strong investor interest.
As of today, Bitcoin BTC is trading around $60,170, showing slight gains over the past 24 hours. The current market situation indicates mixed signals. Main technical indicators: 1. Moving averages: - The 10 and 20 day moving averages indicate bullish sentiment.
Crypto funds have attracted large liquidity to the market over the past week
According to the latest report from CoinShares, crypto funds have seen a significant influx of liquidity into the digital currency market over the past week. The total investment amounted to a whopping $441 million, which is an important indicator for the cryptocurrency community. Liquidity inflow from various countries
The German government transferred 6200 BTC to CEX: situation analysis
The latest actions of the German government have caused a wide resonance in the cryptocurrency community. The latest transfer of funds in the amount of 6,200 BTC to CEX exchanges has become the subject of lively discussions among traders and analysts. But what are the real reasons and consequences of such actions?
US Bank Earnings and Inflation: Impact on Investors This Week
Investors in the US are keeping an eye on a number of important developments this week that could impact their investment decisions. One of the key aspects is the country's inflation data, which will be published within a week. The Consumer Price Index (CPI) for June, due Thursday, will provide insight into the level of inflation in the economy and could influence the Federal Reserve's monetary policy decisions.
Bitcoin: “Weak shaking hands” and why it is important not to sell now.
Bitcoin and cryptocurrencies in general are of great interest to investors from all over the world. The recent fluctuations in Bitcoin prices may cause many hesitant investors to sell their assets for fear of losses. However, it is important to understand that in the world of cryptocurrencies, patience is the key to success. Investors' weak hands can harm their portfolio in the long term, so it is important to be patient and hold assets steady.
How dumps and pumps work on the stock exchange: mechanism, consequences and methods of protection
Dump and pump are common manipulation strategies in financial markets, used to distort the true value of assets and generate illegal profits. Dump and pump are based on artificially creating the impression of volatility and rising prices for certain securities or cryptocurrency. Let's take a closer look at how these strategies work and what their consequences are.
Memcoins showed the greatest growth among crypto assets in the first half of the year
The cryptocurrency market has been riding a wave of growth in the first half of 2024, and one of the most notable trends has been the impressive development of memcoins. Memcoins, which were originally created as a joke or parody of cryptocurrencies, suddenly attracted the attention of investors and showed an impressive increase in price.
The GameFi sector has gained momentum and is attracting more and more attention from investors and cryptocurrency users. According to research firm Delphi Digital, the sector's profitability is an astonishing 19.1%. The FLOKI token stands out in particular, showing an impressive growth of 362.79%. In addition to it, at the top of the sector you can find tokens Ronin (RON) with an increase of 21.16% and Echelon Prime (PRIME) with an increase of 5.27%. Despite this, not all GameFi sector tokens are showing positive dynamics, and some are experiencing negative returns.
The Real World Assets (RWA) sector is witnessing exciting growth, attracting increasing attention from investors and financial market experts. The sector's recent growth of 213.5% is due to increased interest in digital tokens covering traditional assets such as real estate, art, bonds and stocks. Let's take a closer look at why the RWA sector has become so attractive to investors and what prospects it offers.
“Doesn’t have much time left for the dollar?
Don't think!"
The modern economy of the world is saturated with various currencies, and the dollar has been facing a decrease in its share in international payments and central bank reserves in recent years. Many countries prefer to trade using their national currencies, which helps reduce dependence on the dollar. But despite this, it is too early to talk about the imminent “decline” of the dollar as a world reserve currency.
AI Bubble: Artificial Intelligence CapEx and Revenue Forecasts
According to Barclays analyst Ross Sandler, investments in the development and implementation of artificial intelligence significantly exceed the projected revenues expected from using this technology. This imbalance calls into question the rationale for current investments in artificial intelligence and suggests that the market may be affected by non-rational decisions based on FOMO - the fear of missing out on profits - rather than actual economic efficiency.