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In Just 80 Days, #Bitcoin Will Halving?
Have you ever wondered where Bitcoin was at the previous halving, eighty days ago?
- In 2016, Bitcoin fell by -62% from its peak.
- In 2020, Bitcoin fell by 52% from its peak.
- As of 2024, Bitcoin is -42% below its all- time high.
Thus, despite the appearance of little movement, the price of Bitcoin is actually following a pattern that is consistent with earlier cycles.
Additionally, Bitcoin breaks through its previous all-time high this year
#CME #Trump #FTX
In Just 80 Days, #Bitcoin Will Halving?
Have you ever wondered where Bitcoin was at the previous halving, eighty days ago?
- In 2016, Bitcoin fell by -62% from its peak.
- In 2020, Bitcoin fell by 52% from its peak.
- As of 2024, Bitcoin is -42% below its all- time high.
Thus, despite the appearance of little movement, the price of Bitcoin is actually following a pattern that is consistent with earlier cycles.
Additionally, Bitcoin breaks through its previous all-time high this year
#CME #Trump #FTX
There's a significant gap in $BTC compared to last Friday's #CME closing price. For those who put the #shorts orders based on my advice earlier, you should already be holding short #positions . Continue to patiently wait for profit opportunities.
#Write2Earn
#Write2Earn
📈 #Bitcoin open interest surged over $2B since Monday, hitting nearly $37B - the biggest jump since April!
#CME leads with $11B in $BTC futures bets, followed by #Binance at $8B.
Open interest measures unsettled futures contracts, signaling increased market activity.
#openinterests #TrendingTopic
#CME leads with $11B in $BTC futures bets, followed by #Binance at $8B.
Open interest measures unsettled futures contracts, signaling increased market activity.
#openinterests #TrendingTopic
Fed interest rate decision and Bitcoin technical analysisThis week will be very busy. Markets will focus on the Federal Reserve ( ) interest rate decision and Powell's speech on November 1 at 21:00 CET. According to data, 97.4 percent are certain that the rate will remain constant between 5.25 percent and 5.50 percent, while those expecting an interest rate cut are around 2.6 percent. In his speech in front of the New York Economic Club last week, Powell stated that tight financial conditions may be necessary, but the Fed's actions may be less needed due to rising market interest rates. That's why Powell's speech at the FOMC press conference at 21.30 is of great importance.
Joe Biden has requested from Congress $61.4 billion for the Ukraine war, $14.3 billion for aid to Israel, and more than $9 billion for intervention in humanitarian crises, including Gaza, but the US budget deficit continues to increase. It does.
In the cryptocurrency markets, the positive atmosphere created by the expectation of spot approval continues. While Bitcoin dominance has reached the peak of the last one and a half years with 54 percent, it is preparing to close October with a green candle. On November 1, we will receive the earnings report of Microstrategy, which we know well with its Bitcoin investments. We are experiencing positive divergence in some altcoins such as Metaverse.
Economic Calendar
Tuesday, October 31, 2023
Euro Zone – Consumer Price Index (CPI) (Annual) Expectation: 3.4% Previous: 4.3% – 12.00
Wednesday, November 1, 2023
USA – Federal Funds Target Rate Expected: 5.50% Previous: 5.50% – 21.00%
USA – Federal Open Markets Committee (FOMC) Press Conference – 21.30
Microstrategy will announce its earnings report on Wednesday, November 1st at 23:05.
Joe Biden has requested from Congress $61.4 billion for the Ukraine war, $14.3 billion for aid to Israel, and more than $9 billion for intervention in humanitarian crises, including Gaza, but the US budget deficit continues to increase. It does.
In the cryptocurrency markets, the positive atmosphere created by the expectation of spot approval continues. While Bitcoin dominance has reached the peak of the last one and a half years with 54 percent, it is preparing to close October with a green candle. On November 1, we will receive the earnings report of Microstrategy, which we know well with its Bitcoin investments. We are experiencing positive divergence in some altcoins such as Metaverse.
Economic Calendar
Tuesday, October 31, 2023
Euro Zone – Consumer Price Index (CPI) (Annual) Expectation: 3.4% Previous: 4.3% – 12.00
Wednesday, November 1, 2023
USA – Federal Funds Target Rate Expected: 5.50% Previous: 5.50% – 21.00%
USA – Federal Open Markets Committee (FOMC) Press Conference – 21.30
Microstrategy will announce its earnings report on Wednesday, November 1st at 23:05.
Crypto Rollercoaster: Will Your Next Investment Soar or Crash?
In the dynamic world of cryptocurrency, recent trends have shown a blend of optimism and caution. Bitcoin, breaking the $41,000 barrier, demonstrates a market in recovery, particularly after a period of stagnation. The surge is attributed to factors like #Tesla 's unwavering Bitcoin hold, valued at $380 million, and the significant growth of BlackRock's Bitcoin ETF, surpassing $2 billion in assets. Meanwhile, Ethereum faces uncertainty with delayed ETF decisions, reflecting a cautious approach by the SEC.
Contrastingly, the crypto community buzzes over the shift from airdrops to points in project rewards. This move has sparked debate: points, seen as less thrilling compared to the monetary potential of airdrops, are nevertheless favored by venture capitalists for their flexibility and reduced regulatory risks.
Transitioning from the broader trends in the crypto market to a more specific analysis, let's look at the anticipated Bitcoin market behavior due to the weekend closure of the Chicago Mercantile Exchange (CME). The lack of trend-driven market momentum is expected to consolidate Bitcoin within a narrow range. The key trading reference points for this period are outlined as follows:
Buy Point One: 41500 USDTBuy Point Two: 41000 USDTLong Position Stop Loss: 40500 USDTSell Point One: 42000 USDTSell Point Two: 42500 USDTShort Position Stop Loss: 43000 USDT
This specific market analysis provides actionable insights for traders navigating the weekend's uncertain market dynamics.
#trending2024 #CME #Range #EthereumETF
Contrastingly, the crypto community buzzes over the shift from airdrops to points in project rewards. This move has sparked debate: points, seen as less thrilling compared to the monetary potential of airdrops, are nevertheless favored by venture capitalists for their flexibility and reduced regulatory risks.
Transitioning from the broader trends in the crypto market to a more specific analysis, let's look at the anticipated Bitcoin market behavior due to the weekend closure of the Chicago Mercantile Exchange (CME). The lack of trend-driven market momentum is expected to consolidate Bitcoin within a narrow range. The key trading reference points for this period are outlined as follows:
Buy Point One: 41500 USDTBuy Point Two: 41000 USDTLong Position Stop Loss: 40500 USDTSell Point One: 42000 USDTSell Point Two: 42500 USDTShort Position Stop Loss: 43000 USDT
This specific market analysis provides actionable insights for traders navigating the weekend's uncertain market dynamics.
#trending2024 #CME #Range #EthereumETF
Key Reason Why BTC, SHIB, XRP, ADA Are Down: Details
Bitcoin fell to monthly low while several cryptocurrencies nursed losses
Bitcoin, the largest cryptocurrency by market value, plummeted to a low of $55,555 in the early trading session Wednesday, extending Tuesday's losses.
Signs of economic weakness in the United States and China are unsettling #investors , exacerbating the worst period for global markets since the Aug. 5 fall. The bearishness has spread to cryptocurrency, with traders waiting for a U.S. jobs report on Friday to see if a deeper slowdown is on the way.
Amid a wider retreat from riskier investments on global markets due to fears about the economic outlook, #bitcoin☀️ consequently tumbled to a one-month low, with other major cryptocurrencies sustaining losses.
At the time of writing, several cryptocurrencies were trading in the red. $XRP
, Shiba Inu ($SHIB
) and Cardano ($ADA
) were nursing losses of 2.79%, 2.64% and 1.79%, respectively.
Bitcoin was sustaining larger losses, down 3.86% in the last 24 hours to $56,671 at the time of writing.
Crypto market outlook
In a recent research note, Fairlead Strategies LLC technical analyst Katie Stockton expressed a "long-term neutral bias" toward #Bitcoin❗ .
The aggregate open interest — or outstanding contracts — for #CME Bitcoin futures has fallen to its lowest level since May, signaling market concern. Meanwhile, U.S. Bitcoin exchange-traded funds have experienced the longest period of net outflows since June, according to Bloomberg statistics.
If history is any guide, the short-term outlook remains challenging. September is traditionally considered a gloomy month for cryptocurrencies. According to historical statistics, Bitcoin has had an average September loss of value of 8% during the last five years, ending in 2023.
The Fed's next meeting is scheduled for later this month, when it will release its latest rate decision. Markets are broadly pricing in a rate drop from the central bank, but traders are divided on how significant the cut will be.
#DOGSONBINANCE
Bitcoin, the largest cryptocurrency by market value, plummeted to a low of $55,555 in the early trading session Wednesday, extending Tuesday's losses.
Signs of economic weakness in the United States and China are unsettling #investors , exacerbating the worst period for global markets since the Aug. 5 fall. The bearishness has spread to cryptocurrency, with traders waiting for a U.S. jobs report on Friday to see if a deeper slowdown is on the way.
Amid a wider retreat from riskier investments on global markets due to fears about the economic outlook, #bitcoin☀️ consequently tumbled to a one-month low, with other major cryptocurrencies sustaining losses.
At the time of writing, several cryptocurrencies were trading in the red. $XRP
, Shiba Inu ($SHIB
) and Cardano ($ADA
) were nursing losses of 2.79%, 2.64% and 1.79%, respectively.
Bitcoin was sustaining larger losses, down 3.86% in the last 24 hours to $56,671 at the time of writing.
Crypto market outlook
In a recent research note, Fairlead Strategies LLC technical analyst Katie Stockton expressed a "long-term neutral bias" toward #Bitcoin❗ .
The aggregate open interest — or outstanding contracts — for #CME Bitcoin futures has fallen to its lowest level since May, signaling market concern. Meanwhile, U.S. Bitcoin exchange-traded funds have experienced the longest period of net outflows since June, according to Bloomberg statistics.
If history is any guide, the short-term outlook remains challenging. September is traditionally considered a gloomy month for cryptocurrencies. According to historical statistics, Bitcoin has had an average September loss of value of 8% during the last five years, ending in 2023.
The Fed's next meeting is scheduled for later this month, when it will release its latest rate decision. Markets are broadly pricing in a rate drop from the central bank, but traders are divided on how significant the cut will be.
#DOGSONBINANCE
🚨 The Federal Reserve will announce its November interest rate decision this Friday at 8:00 AM UTC.
With 3 days left, CME's FedWatch shows a 99.8% chance of a 0.25% rate cut and only 0.2% chance of no change.
#interestrate #NovCryptoOutlook #CME #FederalReserve
With 3 days left, CME's FedWatch shows a 99.8% chance of a 0.25% rate cut and only 0.2% chance of no change.
#interestrate #NovCryptoOutlook #CME #FederalReserve
Ripple vs SEC Lawsuit As of July 18, 2024: Today’s SEC Close-Door Meeting
The Securities and Exchange Commission (SEC) is holding a closed-door meeting today, July 18th, 2024. The meeting focusing on enforcement actions, including initiation and settlement of legal actions and administrative proceedings, has sparked significant interest, particularly regarding the ongoing lawsuit between the SEC and Ripple Labs.
While the specific topics remain confidential to protect sensitive investigations and market stability, the nature of the meeting suggests the SEC might be nearing settlements or making progress in its enforcement efforts. This has led to speculation, particularly concerning the high-profile case against Ripple Labs, a blockchain company that majorly distributes XRP.
#XRP #Ripple #SEC #CME #WarzirX $XRP $BTC $BNB
The Securities and Exchange Commission (SEC) is holding a closed-door meeting today, July 18th, 2024. The meeting focusing on enforcement actions, including initiation and settlement of legal actions and administrative proceedings, has sparked significant interest, particularly regarding the ongoing lawsuit between the SEC and Ripple Labs.
While the specific topics remain confidential to protect sensitive investigations and market stability, the nature of the meeting suggests the SEC might be nearing settlements or making progress in its enforcement efforts. This has led to speculation, particularly concerning the high-profile case against Ripple Labs, a blockchain company that majorly distributes XRP.
#XRP #Ripple #SEC #CME #WarzirX $XRP $BTC $BNB
Meanwhile, a small gap in prices has appeared on the CME exchange.
This may affect further price movement towards its closure, but it is not a fact that this will happen quickly, since not all gaps close immediately - sometimes it takes time.
Gap range 62840 / 62895
#CME #CME.Bitcoin #U.S.UnemploymentNewLow #SECAppealRipple #HBODocumentarySatoshiRevealed
This may affect further price movement towards its closure, but it is not a fact that this will happen quickly, since not all gaps close immediately - sometimes it takes time.
Gap range 62840 / 62895
#CME #CME.Bitcoin #U.S.UnemploymentNewLow #SECAppealRipple #HBODocumentarySatoshiRevealed
Bitcoin has left a notable CME gap above the current price level, suggesting confidence that the price will eventually rise to "close" this gap.
A CME gap occurs when the price of Bitcoin on the Chicago Mercantile Exchange (CME) closes at one price and then reopens at a different price, creating a gap on the chart.
90% of CME Gaps are filled sooner or later.
#CMEGap #CME #CMEBitcoinSpotTrading #CME.Bitcoin #CMEGaps
$BTC
A CME gap occurs when the price of Bitcoin on the Chicago Mercantile Exchange (CME) closes at one price and then reopens at a different price, creating a gap on the chart.
90% of CME Gaps are filled sooner or later.
#CMEGap #CME #CMEBitcoinSpotTrading #CME.Bitcoin #CMEGaps
$BTC
The potential scenario of filling the CME gap between $66,400 and $64,000 is worth noting, as these gaps tend to be filled eventually due to market dynamics and trading patterns.
The CME gap refers to price gaps that occur on Bitcoin futures charts during periods when the traditional markets are closed. Traders often anticipate these gaps to be filled due to the tendency of markets to seek equilibrium. Essentially, when the price moves back to fill the gap, it reflects a balancing of supply and demand.
$BTC #BTC #CME #CMEFILLING
Trading fam, let's grow together! 🚀 Like, repost, and follow for maximum gains! 💰📈 #TradingCommunity
The CME gap refers to price gaps that occur on Bitcoin futures charts during periods when the traditional markets are closed. Traders often anticipate these gaps to be filled due to the tendency of markets to seek equilibrium. Essentially, when the price moves back to fill the gap, it reflects a balancing of supply and demand.
$BTC #BTC #CME #CMEFILLING
Trading fam, let's grow together! 🚀 Like, repost, and follow for maximum gains! 💰📈 #TradingCommunity
📊 CME becomes second-largest Bitcoin futures exchange as open interest surges
The CME’s open interest hit $3.58 billion on Oct. 30, pushing the regulated derivatives exchange platform to jump two positions from the previous week. 🚀
The CME overtook Bybit and OKX with $2.6 billion and $1.78 billion in open interest, respectively, and is just a few million away from Binance’s $3.9 billion. 📈
#CryptoNews🔒📰🚫 #CME #OKX 🚀#BTC
The CME’s open interest hit $3.58 billion on Oct. 30, pushing the regulated derivatives exchange platform to jump two positions from the previous week. 🚀
The CME overtook Bybit and OKX with $2.6 billion and $1.78 billion in open interest, respectively, and is just a few million away from Binance’s $3.9 billion. 📈
#CryptoNews🔒📰🚫 #CME #OKX 🚀#BTC
📊 This November, the aggregated monthly trading volumes of #CME Bitcoin futures have spiked to an impressive $70B
📈 This surge parallels the top of the #BullMarket for $BTC observed in Nov. 2021 when the trading volume touched $80B
#BitcoinFutures #CME.Bitcoin
📈 This surge parallels the top of the #BullMarket for $BTC observed in Nov. 2021 when the trading volume touched $80B
#BitcoinFutures #CME.Bitcoin
👉👉👉 Crypto Derivatives Gain Institutional Traction as #Wintermute Asia Executes First Options Block Trade on #CME Group 👈👈👈
Wintermute Asia, the derivatives trading arm of the algorithmic trading firm Wintermute Group, executed its first options block trade through CME Group on November 21, 2023. The BTC/USD block was traded between Wintermute Asia and TP ICAP and was cleared by ABN AMRO Clearing Bank.
This marks a significant milestone for Wintermute Asia as it expands its presence into the traditional derivatives market. The company is now able to offer its clients a wider range of products and services, including options trading on Bitcoin and other #cryptocurrencies.
The trade was also a significant development for CME Group, which is the world's second-largest futures exchange. CME Group has been actively expanding its presence in the crypto derivatives market in recent years, and the execution of this block trade is a testament to its growing capabilities in this space.
Overall, the execution of Wintermute Asia's first options block trade through CME Group is a positive development for both companies and for the broader crypto derivatives market. It is a sign of growing institutional interest in cryptocurrencies and the increasing availability of professional trading products and services in this space.
#CryptoNews #BinanceSquare
Wintermute Asia, the derivatives trading arm of the algorithmic trading firm Wintermute Group, executed its first options block trade through CME Group on November 21, 2023. The BTC/USD block was traded between Wintermute Asia and TP ICAP and was cleared by ABN AMRO Clearing Bank.
This marks a significant milestone for Wintermute Asia as it expands its presence into the traditional derivatives market. The company is now able to offer its clients a wider range of products and services, including options trading on Bitcoin and other #cryptocurrencies.
The trade was also a significant development for CME Group, which is the world's second-largest futures exchange. CME Group has been actively expanding its presence in the crypto derivatives market in recent years, and the execution of this block trade is a testament to its growing capabilities in this space.
Overall, the execution of Wintermute Asia's first options block trade through CME Group is a positive development for both companies and for the broader crypto derivatives market. It is a sign of growing institutional interest in cryptocurrencies and the increasing availability of professional trading products and services in this space.
#CryptoNews #BinanceSquare
Chainlink Launches Digital Asset Sandbox
Chainlink has launched the Digital Assets Sandbox to accelerate digital asset innovation in financial institutions.
This platform allows experimentation with financial tools like bond tokenization, collateralization, and cross-chain trading. It provides a secure environment on Chainlink’s platform for financial institutions to explore and test blockchain technology
Chainlink Launches Digital Assets Sandbox
Chainlink has introduced the Chainlink Digital Assets Sandbox (DAS), a platform aimed at accelerating digital asset innovation, as announced in a press release on Thursday. This platform enables financial institutions to swiftly conduct tokenization trials and Proof of Concepts (PoCs) within days, rather than months.
Angela Walker, Global Head of Banking and Capital Markets at Chainlink Labs, highlighted the strong demand for secure digital environments capable of supporting blockchain applications. The DAS facilitates safe and rapid experimentation with digital assets and their applications, streamlining the development and launch of new financial products.
According to Walker, the Chainlink Digital Asset Sandbox addresses this demand by allowing institutions to create rapid Proof of Concepts in days, leveraging Chainlink Labs’ expertise in research and development to bring these use cases to fruition.
She emphasized Chainlink’s role as a safe and secure standard in the blockchain industry, enabling scalable onchain finance solutions that enhance the infrastructure of the financial sector.
Chainlink has launched the Chainlink Digital Assets Sandbox (DAS) on its platform, which has already facilitated over $12 trillion in transaction value. This sandbox aims to accelerate innovation and improve efficiency by enabling financial institutions and fintech companies to experiment with blockchain technology, particularly in asset tokenization.
Chainlink’s DAS: Advancing Blockchain Exploration
Kevin Johnson, Head of Innovation Competence Centre at Euroclear, underscores the importance of Chainlink’s Digital Assets Sandbox (DAS) in providing a secure environment for market participants to delve into blockchain’s impact on operations and business models. The sandbox supports experimentation and learning, enabling institutions to develop robust business cases for digital asset strategies.
The DAS accommodates various digital asset use cases, including bond tokenization, collateralization, and cross-chain trading. Chainlink Labs offers consultancy services to guide institutions through the adoption process, ensuring they harness the full potential of blockchain technology.
In a recent collaboration, Chainlink partnered with Sygnum and Fidelity International to integrate Net Asset Value (NAV) data onto the blockchain. This initiative allows Sygnum to tokenize and provide on-chain access to NAV data for Fidelity International’s $6.9 billion Institutional Liquidity Fund, enhancing transparency and efficiency in financial markets.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#LINK #ChainLink #EthereumETF #Grayscale #CME $LINK
$BTC $ETH
This platform allows experimentation with financial tools like bond tokenization, collateralization, and cross-chain trading. It provides a secure environment on Chainlink’s platform for financial institutions to explore and test blockchain technology
Chainlink Launches Digital Assets Sandbox
Chainlink has introduced the Chainlink Digital Assets Sandbox (DAS), a platform aimed at accelerating digital asset innovation, as announced in a press release on Thursday. This platform enables financial institutions to swiftly conduct tokenization trials and Proof of Concepts (PoCs) within days, rather than months.
Angela Walker, Global Head of Banking and Capital Markets at Chainlink Labs, highlighted the strong demand for secure digital environments capable of supporting blockchain applications. The DAS facilitates safe and rapid experimentation with digital assets and their applications, streamlining the development and launch of new financial products.
According to Walker, the Chainlink Digital Asset Sandbox addresses this demand by allowing institutions to create rapid Proof of Concepts in days, leveraging Chainlink Labs’ expertise in research and development to bring these use cases to fruition.
She emphasized Chainlink’s role as a safe and secure standard in the blockchain industry, enabling scalable onchain finance solutions that enhance the infrastructure of the financial sector.
Chainlink has launched the Chainlink Digital Assets Sandbox (DAS) on its platform, which has already facilitated over $12 trillion in transaction value. This sandbox aims to accelerate innovation and improve efficiency by enabling financial institutions and fintech companies to experiment with blockchain technology, particularly in asset tokenization.
Chainlink’s DAS: Advancing Blockchain Exploration
Kevin Johnson, Head of Innovation Competence Centre at Euroclear, underscores the importance of Chainlink’s Digital Assets Sandbox (DAS) in providing a secure environment for market participants to delve into blockchain’s impact on operations and business models. The sandbox supports experimentation and learning, enabling institutions to develop robust business cases for digital asset strategies.
The DAS accommodates various digital asset use cases, including bond tokenization, collateralization, and cross-chain trading. Chainlink Labs offers consultancy services to guide institutions through the adoption process, ensuring they harness the full potential of blockchain technology.
In a recent collaboration, Chainlink partnered with Sygnum and Fidelity International to integrate Net Asset Value (NAV) data onto the blockchain. This initiative allows Sygnum to tokenize and provide on-chain access to NAV data for Fidelity International’s $6.9 billion Institutional Liquidity Fund, enhancing transparency and efficiency in financial markets.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#LINK #ChainLink #EthereumETF #Grayscale #CME $LINK
$BTC $ETH