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Peter Brandt Cautions Investors on Bitcoin's Unpredictable Future Despite Bitcoin's recent recovery, legendary trader Peter Brandt has pointed out that it continues to show signs of uncertainty with lower highs and lower lows. This trend suggests a weakening price momentum and calls for caution amid market fluctuations. The rapid shifts in market sentiment and the demand for Bitcoin ETFs are significantly influencing Bitcoin's price movements. Rapid Changes in Market Sentiment Market sentiment has quickly shifted from extreme fear to greed. On July 17, Bitcoin reached $66,129, its highest level since June 20, driven by expectations of looser US monetary policy and strong demand for Bitcoin ETFs. However, Bitcoin's price briefly fell below $64,000 due to poor US stock performance, highlighting the volatility and risks for investors. Potential Price Projections Peter Brandt suggests that Bitcoin could reach $150,000 in this cycle but also acknowledges a 25% chance that it might not hit a new peak. Currently, Bitcoin is trading at $64,943. The growing interest in spot Bitcoin ETFs indicates institutional investors are anticipating a significant price increase. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Peter Brandt Cautions Investors on Bitcoin's Unpredictable Future

Despite Bitcoin's recent recovery, legendary trader Peter Brandt has pointed out that it continues to show signs of uncertainty with lower highs and lower lows.

This trend suggests a weakening price momentum and calls for caution amid market fluctuations.

The rapid shifts in market sentiment and the demand for Bitcoin ETFs are significantly influencing Bitcoin's price movements.

Rapid Changes in Market Sentiment

Market sentiment has quickly shifted from extreme fear to greed.

On July 17, Bitcoin reached $66,129, its highest level since June 20, driven by expectations of looser US monetary policy and strong demand for Bitcoin ETFs.

However, Bitcoin's price briefly fell below $64,000 due to poor US stock performance, highlighting the volatility and risks for investors.

Potential Price Projections

Peter Brandt suggests that Bitcoin could reach $150,000 in this cycle but also acknowledges a 25% chance that it might not hit a new peak.

Currently, Bitcoin is trading at $64,943.

The growing interest in spot Bitcoin ETFs indicates institutional investors are anticipating a significant price increase.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Bitcoin Surpasses $62K, Sets Sights on $70K for a Promising Week Ahead! With a remarkable weekend recovery, Bitcoin has reclaimed the $60K level. The new bullish trend in BTC prices has sparked a fresh rally this week. As Bitcoin rebounds, the altcoin market capitalization has surged above $1 trillion, riding a strong tailwind. The leading cryptocurrency’s breakout rally is gaining momentum, and the market is optimistic about a bullish week ahead. Bitcoin Price Performance After a correction wave under the 200-day EMA, Bitcoin encountered supply pressure around $56K. The BTC price action showed a double bottom reversal with multiple lower price rejection candles. The reversal rally gained momentum over the weekend, breaking past a secondary resistance trendline and ending the negative cycle within a channel pattern. Currently, the BTC price is at $62,650, marking a 3% intraday increase and a 9.27% rise over four days. Trump’s Survival Boosts Crypto Market Former US President Donald Trump survived an assassination attempt in Butler, Pennsylvania, on Saturday. His survival strengthened the crypto market, pushing Bitcoin past the $60K barrier. PolitiFi tokens like Trump and MAGA surged almost 35%. Bitcoin ETFs, On-Chain, and Derivatives The largest 30-day inflow into US Spot ETFs, with $310M daily inflows, creates a solid foundation for upward movement. This marks the sixth consecutive positive inflow day, bringing the cumulative total net inflow to $15.81B. US Bitcoin ETFs now hold 4.52% of the Bitcoin market cap, valued at $51.34B. The Bitcoin Open Interest (OI) stands at $16.95B, with a 5.3% growth in the past 24 hours and 18.16% in seven days. A positive funding rate of 0.0040 indicates that buyers are willing to pay a premium to maintain bullish positions. With $47.80M worth of short positions liquidated in Bitcoin over the past 24 hours, the bulls are gaining strength. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Bitcoin Surpasses $62K, Sets Sights on $70K for a Promising Week Ahead!

With a remarkable weekend recovery, Bitcoin has reclaimed the $60K level.

The new bullish trend in BTC prices has sparked a fresh rally this week.

As Bitcoin rebounds, the altcoin market capitalization has surged above $1 trillion, riding a strong tailwind.

The leading cryptocurrency’s breakout rally is gaining momentum, and the market is optimistic about a bullish week ahead.

Bitcoin Price Performance

After a correction wave under the 200-day EMA, Bitcoin encountered supply pressure around $56K.

The BTC price action showed a double bottom reversal with multiple lower price rejection candles.

The reversal rally gained momentum over the weekend, breaking past a secondary resistance trendline and ending the negative cycle within a channel pattern.

Currently, the BTC price is at $62,650, marking a 3% intraday increase and a 9.27% rise over four days.

Trump’s Survival Boosts Crypto Market

Former US President Donald Trump survived an assassination attempt in Butler, Pennsylvania, on Saturday.

His survival strengthened the crypto market, pushing Bitcoin past the $60K barrier.

PolitiFi tokens like Trump and MAGA surged almost 35%.

Bitcoin ETFs, On-Chain, and Derivatives

The largest 30-day inflow into US Spot ETFs, with $310M daily inflows, creates a solid foundation for upward movement.

This marks the sixth consecutive positive inflow day, bringing the cumulative total net inflow to $15.81B.

US Bitcoin ETFs now hold 4.52% of the Bitcoin market cap, valued at $51.34B.

The Bitcoin Open Interest (OI) stands at $16.95B, with a 5.3% growth in the past 24 hours and 18.16% in seven days.

A positive funding rate of 0.0040 indicates that buyers are willing to pay a premium to maintain bullish positions.

With $47.80M worth of short positions liquidated in Bitcoin over the past 24 hours, the bulls are gaining strength.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
U.S. Spot Bitcoin ETFs See $422 Million in Net Inflows, Largest Since Early June On Tuesday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported $422.67 million in daily net inflows, the highest since June 5, extending their positive streak to eight days. BlackRock’s IBIT led with $260.23 million, its largest net inflow since June 6, and saw $1.02 billion in trade volume. Fidelity’s FBTC followed with $61.05 million, Ark Invest and 21Shares’ ARKB with $29.85 million, and VanEck’s HODL with $22.04 million. Invesco and Galaxy Digital’s fund had $20.54 million in net inflows, while Bitwise's BITB reported $17.34 million. Franklin Templeton and Valkyrie ETFs also attracted funds, while Grayscale’s GBTC fund recorded no flows. Overall, $1.76 billion in value was traded across U.S. spot Bitcoin funds on Tuesday, with total net inflows reaching $16.53 billion since January. Bitcoin's price rose 1.61% in the past 24 hours to $65,865, briefly peaking above $66,000. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
U.S. Spot Bitcoin ETFs See $422 Million in Net Inflows, Largest Since Early June

On Tuesday, U.S. spot Bitcoin exchange-traded funds (ETFs) reported $422.67 million in daily net inflows, the highest since June 5, extending their positive streak to eight days.

BlackRock’s IBIT led with $260.23 million, its largest net inflow since June 6, and saw $1.02 billion in trade volume.

Fidelity’s FBTC followed with $61.05 million, Ark Invest and 21Shares’ ARKB with $29.85 million, and VanEck’s HODL with $22.04 million.

Invesco and Galaxy Digital’s fund had $20.54 million in net inflows, while Bitwise's BITB reported $17.34 million.

Franklin Templeton and Valkyrie ETFs also attracted funds, while Grayscale’s GBTC fund recorded no flows.

Overall, $1.76 billion in value was traded across U.S. spot Bitcoin funds on Tuesday, with total net inflows reaching $16.53 billion since January.

Bitcoin's price rose 1.61% in the past 24 hours to $65,865, briefly peaking above $66,000.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
#ETH_ETF_Approval_23July Ethereum Surges Above $3.3K Amid Growing ETF Approval Speculation YEREVAN (CoinChapter.com) Ethereum (ETH) has surged past $3,300, driven by expectations of spot Ethereum exchange-traded funds (ETFs) launching soon. Trading at $3,331, Ether has rallied 16% from $2,909 over the past week, according to TradingView. Nate Geraci Predicts Imminent ETF Approval Nate Geraci, ETF analyst and president of The ETF Store, forecasts that eight spot ETH ETFs could be approved by week’s end. He sees no reason for the SEC to delay any further. Several issuers, including VanEck and 21Shares, have filed amended registrations, awaiting final SEC approval. Tom Dunleavy Foresees $10 Billion Inflow Tom Dunleavy, managing partner at MV Global, anticipates up to $10 billion in new inflows following the ETF launches, potentially driving ETH to new all-time highs by year-end. He believes Ether ETFs are more appealing to Wall Street than Bitcoin ETFs due to Ether's attributes such as cash flows and its description as the “app store of crypto.” Crypto Community Awaits ETF Approval The crypto community is optimistic about the potential approval of spot ETH ETFs, with industry experts like Anthony Sassano highlighting the expected strong buy pressure. At the time of writing, Ether was trading near $3,350, reflecting a 4.33% increase over the past 24 hours, with a market cap of $403.2 billion and a 24-hour trading volume up 30.57% to $13.2 billion. #enofuagreat
#ETH_ETF_Approval_23July

Ethereum Surges Above $3.3K Amid Growing ETF Approval Speculation

YEREVAN (CoinChapter.com)

Ethereum (ETH) has surged past $3,300, driven by expectations of spot Ethereum exchange-traded funds (ETFs) launching soon.

Trading at $3,331, Ether has rallied 16% from $2,909 over the past week, according to TradingView.

Nate Geraci Predicts Imminent ETF Approval
Nate Geraci, ETF analyst and president of The ETF Store, forecasts that eight spot ETH ETFs could be approved by week’s end.

He sees no reason for the SEC to delay any further.

Several issuers, including VanEck and 21Shares, have filed amended registrations, awaiting final SEC approval.

Tom Dunleavy Foresees $10 Billion Inflow

Tom Dunleavy, managing partner at MV Global, anticipates up to $10 billion in new inflows following the ETF launches, potentially driving ETH to new all-time highs by year-end.

He believes Ether ETFs are more appealing to Wall Street than Bitcoin ETFs due to Ether's attributes such as cash flows and its description as the “app store of crypto.”

Crypto Community Awaits ETF Approval

The crypto community is optimistic about the potential approval of spot ETH ETFs, with industry experts like Anthony Sassano highlighting the expected strong buy pressure.

At the time of writing, Ether was trading near $3,350, reflecting a 4.33% increase over the past 24 hours, with a market cap of $403.2 billion and a 24-hour trading volume up 30.57% to $13.2 billion.

#enofuagreat
Ethereum Hits $3.5K as Exchange Supply Reaches 34-Month High The supply of Ethereum (ETH) on exchanges has hit a 34-month high as the asset's price exceeds $3,500. ETH is up by 2.3% in the past 24 hours, trading at $3,490 at the time of writing, with an intraday peak of $3,517 earlier today. Santiment data reveals that the exchange supply has reached 19.52 million ETH, a level not seen since September 2021. Additionally, market intelligence data shows a 12% drop in whale transactions over the past day, decreasing from 8,730 to 7,629 transactions. This suggests the rising exchange supply is due to smaller deposits rather than large whale movements. The ETH Relative Strength Index (RSI) is around 60, indicating slight overbought conditions but not critical, given Ethereum's large market cap. A key factor behind the price surge is the anticipation of spot ETH ETFs launching in the U.S. on July 23. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Ethereum Hits $3.5K as Exchange Supply Reaches 34-Month High

The supply of Ethereum (ETH) on exchanges has hit a 34-month high as the asset's price exceeds $3,500. ETH is up by 2.3% in the past 24 hours, trading at $3,490 at the time of writing, with an intraday peak of $3,517 earlier today.

Santiment data reveals that the exchange supply has reached 19.52 million ETH, a level not seen since September 2021.

Additionally, market intelligence data shows a 12% drop in whale transactions over the past day, decreasing from 8,730 to 7,629 transactions.

This suggests the rising exchange supply is due to smaller deposits rather than large whale movements.

The ETH Relative Strength Index (RSI) is around 60, indicating slight overbought conditions but not critical, given Ethereum's large market cap.

A key factor behind the price surge is the anticipation of spot ETH ETFs launching in the U.S. on July 23.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Bitcoin ETFs Hit Record High with Over $16 Billion in Net Flows Spot Bitcoin (BTC) exchange-traded funds (ETFs) have crossed $16 billion in yearly net flows for the first time, according to Bloomberg ETF analyst Eric Balchunas. He described this progress as “two steps forward, one step back,” referencing the underperformance in June. Initially, Balchunas and fellow analyst James Seyffart predicted spot Bitcoin ETFs would reach between $12 billion and $15 billion in net flows within a year, a target met in just six months. Recent data shows nine Bitcoin ETFs added 5,383 BTC to their holdings, worth over $340 million. BlackRock led with an addition of 1,844 BTC, bringing its total to 318,120 BTC. The Valkyrie Bitcoin Fund was the only ETF not to add any BTC yesterday. According to CoinShares, Bitcoin ETFs saw the fifth-largest weekly inflow last week at $1.35 billion. This, coupled with net outflows for funds indexed to short BTC positions, indicates a positive investor sentiment. In June, Ether and Solana also showed significant momentum, potentially attracting between $1 billion to $3 billion in net inflows due to growing ETF interest. Despite a 7% decline in Bitcoin's price in June, spot Bitcoin ETFs experienced net inflows of $790 million earlier this month. This week, Bitcoin ETFs recorded over $300 million in net inflows, the highest since early June. In May, discussions at a consensus event highlighted President Biden's inconsistent positions on crypto regulations, eliciting mixed reactions. Recently, CoinDesk detailed the rise and fall of the Terra ecosystem, focusing on the failures of UST and LUNA. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Bitcoin ETFs Hit Record High with Over $16 Billion in Net Flows

Spot Bitcoin (BTC) exchange-traded funds (ETFs) have crossed $16 billion in yearly net flows for the first time, according to Bloomberg ETF analyst Eric Balchunas.

He described this progress as “two steps forward, one step back,” referencing the underperformance in June.

Initially, Balchunas and fellow analyst James Seyffart predicted spot Bitcoin ETFs would reach between $12 billion and $15 billion in net flows within a year, a target met in just six months.

Recent data shows nine Bitcoin ETFs added 5,383 BTC to their holdings, worth over $340 million. BlackRock led with an addition of 1,844 BTC, bringing its total to 318,120 BTC.

The Valkyrie Bitcoin Fund was the only ETF not to add any BTC yesterday.

According to CoinShares, Bitcoin ETFs saw the fifth-largest weekly inflow last week at $1.35 billion.

This, coupled with net outflows for funds indexed to short BTC positions, indicates a positive investor sentiment.

In June, Ether and Solana also showed significant momentum, potentially attracting between $1 billion to $3 billion in net inflows due to growing ETF interest.

Despite a 7% decline in Bitcoin's price in June, spot Bitcoin ETFs experienced net inflows of $790 million earlier this month.

This week, Bitcoin ETFs recorded over $300 million in net inflows, the highest since early June.

In May, discussions at a consensus event highlighted President Biden's inconsistent positions on crypto regulations, eliciting mixed reactions.

Recently, CoinDesk detailed the rise and fall of the Terra ecosystem, focusing on the failures of UST and LUNA.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Will Bitcoin Break $71K Amid 2024 US Election Turbulence?Timothy Peterson Predicts Bitcoin Surge to $71,000 Amid Election Year Volatility Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, recently posted an in-depth analysis suggesting that Bitcoin may surpass its all-time high and reach $71,000 by Q4. He emphasizes the strong correlation between high-yield (HY) corporate bond rates and Bitcoin prices, noting that changes in these rates can reflect broader investor sentiment and risk tolerance. HY Rates and Bitcoin Correlation Peterson’s analysis is supported by two key charts. The first chart shows a positive correlation between HY rates and Bitcoin prices, indicating that as HY rates increase, so does Bitcoin. This suggests that higher risk appetites in the bond market, shown by increasing HY rates, could lead to more investments in riskier assets like Bitcoin. The exponential trend line in the chart further supports this relationship. The second chart reinforces this observation, displaying similar trends in the price movements of HY bonds and Bitcoin over time. According to Peterson, the ICE BofA US High Yield Index Effective Yield is particularly indicative of Bitcoin’s price movements, noting that Bitcoin prices tend to rise significantly when this rate falls. Peterson highlights that markets are generally “flat and volatile” between September and October, and with the upcoming U.S. election, uncertainty will be heightened through October, leading up to election day on November 4. Bitcoin’s Correction Phase and Market Sentiment Bitcoin’s price has been in its largest correction phase following substantial gains since the start of last year. The mainstream adoption of Web3 protocols and digital assets, driven by institutional investors, has significantly boosted overall crypto liquidity and bullish sentiments. Short-term Bitcoin Price Forecast In another post, Peterson presents a short-term trading cycle for Bitcoin, showing a median 6-month forward return of +59% when a specific indicator is below -20%. Based on this metric, he predicts that Bitcoin could reach $100,000 by January. However, he notes that for a sustainable all-time high to be achieved, the U.S. high-yield rate needs to drop below 6 or 7%. Currently, the U.S. high-yield rate for riskier corporate bonds stands at 7.16%, according to YCharts. Bullish Outlook for Bitcoin The probability of a bullish continuation later this year, amid the U.S. general election and anticipated interest rate cuts, remains relatively high. As the market navigates these developments, the future of Bitcoin and the broader crypto market continues to capture the attention of investors and analysts alike. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat

Will Bitcoin Break $71K Amid 2024 US Election Turbulence?

Timothy Peterson Predicts Bitcoin Surge to $71,000 Amid Election Year Volatility
Timothy Peterson, founder and investment manager at Cane Island Alternative Advisors, recently posted an in-depth analysis suggesting that Bitcoin may surpass its all-time high and reach $71,000 by Q4.
He emphasizes the strong correlation between high-yield (HY) corporate bond rates and Bitcoin prices, noting that changes in these rates can reflect broader investor sentiment and risk tolerance.
HY Rates and Bitcoin Correlation
Peterson’s analysis is supported by two key charts.
The first chart shows a positive correlation between HY rates and Bitcoin prices, indicating that as HY rates increase, so does Bitcoin.
This suggests that higher risk appetites in the bond market, shown by increasing HY rates, could lead to more investments in riskier assets like Bitcoin.
The exponential trend line in the chart further supports this relationship.
The second chart reinforces this observation, displaying similar trends in the price movements of HY bonds and Bitcoin over time.
According to Peterson, the ICE BofA US High Yield Index Effective Yield is particularly indicative of Bitcoin’s price movements, noting that Bitcoin prices tend to rise significantly when this rate falls.
Peterson highlights that markets are generally “flat and volatile” between September and October, and with the upcoming U.S. election, uncertainty will be heightened through October, leading up to election day on November 4.
Bitcoin’s Correction Phase and Market Sentiment
Bitcoin’s price has been in its largest correction phase following substantial gains since the start of last year.
The mainstream adoption of Web3 protocols and digital assets, driven by institutional investors, has significantly boosted overall crypto liquidity and bullish sentiments.
Short-term Bitcoin Price Forecast
In another post, Peterson presents a short-term trading cycle for Bitcoin, showing a median 6-month forward return of +59% when a specific indicator is below -20%.
Based on this metric, he predicts that Bitcoin could reach $100,000 by January.
However, he notes that for a sustainable all-time high to be achieved, the U.S. high-yield rate needs to drop below 6 or 7%.
Currently, the U.S. high-yield rate for riskier corporate bonds stands at 7.16%, according to YCharts.
Bullish Outlook for Bitcoin
The probability of a bullish continuation later this year, amid the U.S. general election and anticipated interest rate cuts, remains relatively high.
As the market navigates these developments, the future of Bitcoin and the broader crypto market continues to capture the attention of investors and analysts alike.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Matrixport Attributes Bitcoin's Decline To Korean Investors, Excludes Germany And Mt.Gox Matrixport’s recent analysis explores the correlation between Bitcoin’s decline and the influence of Korean investors, positing that the recent downturn may have been influenced by retail investors from South Korea. According to Matrixport analysts, a significant portion of Bitcoin’s decline in the last month, accounting for 13% of the total decrease, occurred during Asian trading hours. They suggest that Korean retail investors have played a role in this decline, as the majority of Bitcoin’s overall decrease has been observed during these trading hours. There is also speculation that institutional investors are increasingly replacing retail investors in the market. The analysts note a shift towards stability in the market, with minimal weekend volatility as institutional trading patterns from Monday to Friday set the tone. They further observe that Bitcoin’s market dynamics are increasingly driven by institutional investors due to reduced retail activity, contributing to lower volatility. The report underscores the substantial contribution of South Korean exchanges to Bitcoin transaction volumes annually. It also highlights the pivotal role of Korean investors in altcoin trading volumes, particularly as South Korea lacks a crypto futures market, prompting retail investors to often turn to altcoins for leveraged opportunities. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #enofuagreat #SOFR_Spike
Matrixport Attributes Bitcoin's Decline To Korean Investors, Excludes Germany And Mt.Gox

Matrixport’s recent analysis explores the correlation between Bitcoin’s decline and the influence of Korean investors, positing that the recent downturn may have been influenced by retail investors from South Korea.

According to Matrixport analysts, a significant portion of Bitcoin’s decline in the last month, accounting for 13% of the total decrease, occurred during Asian trading hours.

They suggest that Korean retail investors have played a role in this decline, as the majority of Bitcoin’s overall decrease has been observed during these trading hours.

There is also speculation that institutional investors are increasingly replacing retail investors in the market.

The analysts note a shift towards stability in the market, with minimal weekend volatility as institutional trading patterns from Monday to Friday set the tone.

They further observe that Bitcoin’s market dynamics are increasingly driven by institutional investors due to reduced retail activity, contributing to lower volatility.

The report underscores the substantial contribution of South Korean exchanges to Bitcoin transaction volumes annually.

It also highlights the pivotal role of Korean investors in altcoin trading volumes, particularly as South Korea lacks a crypto futures market, prompting retail investors to often turn to altcoins for leveraged opportunities.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #enofuagreat #SOFR_Spike
Cryptocurrencies Bitcoin, Ethereum, And Dogecoin See Recovery Amid Bitcoin Shortage In Germany Cryptocurrency markets rally on speculation of interest rate cut following PPI data release. •Bitcoin BTC/USD trades at $57,825.58, up 0.6% •Ethereum ETH/USD at $3,129.43, up 0.5% •Solana SOL/USD rises 1.2% to $138.75 •Dogecoin DOGE/USD increases by 0.4% to $0.1076 •Shiba Inu SHIB/USD up 0.3% to $0.00001644 Key Insights: •83% of Bitcoin holders are profitable despite volatility, with large holders holding 12% of total supply and 70% holding for over a year. •German government reported out of Bitcoin holdings. •40,300 traders liquidated, totaling $126.7 million in the past 24 hours. Top Gainers: •ORDI/USD up 8.5% to $33.56 •MKR/USD rises 6.5% to $2,498.75 •RON/USD increases by 4.9% to $2.05 Trader Notes: •Andrew Crypto expects bullish momentum above $59,200. •Market sentiment turns positive but doubts linger on price performance, awaiting confirmation from spot buyers. •Kevin notes Bitcoin's recovery and Germany's depletion of its Bitcoin reserves, eyeing $60,000 break for bullish trend confirmation. •Cryptoquant's Ki Young Ju advises leveraging like whales at cyclical bottoms. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Cryptocurrencies Bitcoin, Ethereum, And Dogecoin See Recovery Amid Bitcoin Shortage In Germany

Cryptocurrency markets rally on speculation of interest rate cut following PPI data release.

•Bitcoin BTC/USD trades at $57,825.58, up 0.6%

•Ethereum ETH/USD at $3,129.43, up 0.5%

•Solana SOL/USD rises 1.2% to $138.75

•Dogecoin DOGE/USD increases by 0.4% to $0.1076

•Shiba Inu SHIB/USD up 0.3% to $0.00001644
Key Insights:

•83% of Bitcoin holders are profitable despite volatility, with large holders holding 12% of total supply and 70% holding for over a year.

•German government reported out of Bitcoin holdings.

•40,300 traders liquidated, totaling $126.7 million in the past 24 hours.

Top Gainers:

•ORDI/USD up 8.5% to $33.56
•MKR/USD rises 6.5% to $2,498.75
•RON/USD increases by 4.9% to $2.05

Trader Notes:

•Andrew Crypto expects bullish momentum above $59,200.

•Market sentiment turns positive but doubts linger on price performance, awaiting confirmation from spot buyers.

•Kevin notes Bitcoin's recovery and Germany's depletion of its Bitcoin reserves, eyeing $60,000 break for bullish trend confirmation.

•Cryptoquant's Ki Young Ju advises leveraging like whales at cyclical bottoms.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Bollinger Bands Indicate Potential for Bitcoin (BTC) to Reach $140,000 Bitcoin is poised for a significant price surge, potentially reaching $140,000 to $190,000, according to Bollinger Bands. Historically low levels of Bollinger Bands, observed only in April 2016 and July 2023, suggest a dramatic price increase in the following 12 months. Data analysis indicates tight Bollinger Bands typically precede substantial price movements, similar to patterns seen in 2016 and post-July 2023. While technical indicators point to a major rise, external market factors and overall sentiment also play crucial roles. Despite the market's recent slow performance, this may be the calm before the storm, leading to unprecedented Bitcoin levels. #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #enofuagreat
Bollinger Bands Indicate Potential for Bitcoin (BTC) to Reach $140,000

Bitcoin is poised for a significant price surge, potentially reaching $140,000 to $190,000, according to Bollinger Bands.

Historically low levels of Bollinger Bands, observed only in April 2016 and July 2023, suggest a dramatic price increase in the following 12 months.

Data analysis indicates tight Bollinger Bands typically precede substantial price movements, similar to patterns seen in 2016 and post-July 2023.

While technical indicators point to a major rise, external market factors and overall sentiment also play crucial roles.

Despite the market's recent slow performance, this may be the calm before the storm, leading to unprecedented Bitcoin levels.

#Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #BinanceHODLerBANANA #BinanceTurns7 #enofuagreat
Competition Intensifies for Ethereum ETFs as Eight Issuers Reveal Management Fees As the July 23 deadline for launching spot Ethereum ETFs approaches, asset management firms have revealed their management fees, signaling potential approval by the SEC. BlackRock plans to charge a 0.25% fee for its ETHA ETF, with a potential reduction to 0.12% for the first 12 months or until $2.5 billion in assets are reached. Franklin Templeton offers the lowest fee at 0.19%, while Bitwise and VanEck set theirs at 0.20%. The 21Shares Core Ethereum ETF will charge 0.21%, and both Fidelity and Invesco Galaxy will match BlackRock’s 0.25% fee. Several issuers plan fee waivers initially, with specific conditions. Grayscale announced the Grayscale Ethereum Mini Trust with a 0.25% fee and will use 10% of assets from its spot Ethereum ETF for this trust, providing $1 billion in seed funding. Expected inflows into Ethereum ETFs are anticipated to boost ETH's price, with historical data suggesting significant market cap increases following similar Bitcoin ETF launches. ETH is currently trading at $3,460, showing slight recent declines but an overall increase of 8% over the past week. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Competition Intensifies for Ethereum ETFs as Eight Issuers Reveal Management Fees

As the July 23 deadline for launching spot Ethereum ETFs approaches, asset management firms have revealed their management fees, signaling potential approval by the SEC.

BlackRock plans to charge a 0.25% fee for its ETHA ETF, with a potential reduction to 0.12% for the first 12 months or until $2.5 billion in assets are reached.

Franklin Templeton offers the lowest fee at 0.19%, while Bitwise and VanEck set theirs at 0.20%.

The 21Shares Core Ethereum ETF will charge 0.21%, and both Fidelity and Invesco Galaxy will match BlackRock’s 0.25% fee.

Several issuers plan fee waivers initially, with specific conditions.

Grayscale announced the Grayscale Ethereum Mini Trust with a 0.25% fee and will use 10% of assets from its spot Ethereum ETF for this trust, providing $1 billion in seed funding.

Expected inflows into Ethereum ETFs are anticipated to boost ETH's price, with historical data suggesting significant market cap increases following similar Bitcoin ETF launches.

ETH is currently trading at $3,460, showing slight recent declines but an overall increase of 8% over the past week.

#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Analyst Forecasts Surge in PONKE and Bitcoin A well-known cryptocurrency analyst, Bluntz, predicts an upward trend for PONKE, a meme coin on the Solana blockchain, as well as a potential rise in Bitcoin (BTC). Bluntz notes that PONKE has turned the upper line of its rising channel into a support level, suggesting further price increases if this support holds. PONKE has seen a dramatic rise of 7,238% from $0.00928 on January 3 to $0.6744, drawing significant attention. Bluntz believes that maintaining the support level could lead to further gains. For Bitcoin, Bluntz applies Elliott Wave theory, indicating that Bitcoin's recent three-wave downward movement may be ending, potentially leading to a rise. He suggests that Bitcoin might complete a five-wave pattern just below $70,000, indicating a substantial upward move. Key takeaways for investors include: •Monitoring PONKE's support levels for buying opportunities. •Using Elliott Wave theory for Bitcoin's price analysis. •Watching the US Dollar Index (DXY), as its strength can affect cryptocurrency values. Bluntz also notes a weakening US dollar, predicting the DXY will fall to around 102, which could positively impact cryptocurrencies. Currently, the DXY is at 104.33, and investors should keep an eye on global economic decisions affecting the market. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Analyst Forecasts Surge in PONKE and Bitcoin

A well-known cryptocurrency analyst, Bluntz, predicts an upward trend for PONKE, a meme coin on the Solana blockchain, as well as a potential rise in Bitcoin (BTC).

Bluntz notes that PONKE has turned the upper line of its rising channel into a support level, suggesting further price increases if this support holds.

PONKE has seen a dramatic rise of 7,238% from $0.00928 on January 3 to $0.6744, drawing significant attention.

Bluntz believes that maintaining the support level could lead to further gains.

For Bitcoin, Bluntz applies Elliott Wave theory, indicating that Bitcoin's recent three-wave downward movement may be ending, potentially leading to a rise.

He suggests that Bitcoin might complete a five-wave pattern just below $70,000, indicating a substantial upward move.

Key takeaways for investors include:

•Monitoring PONKE's support levels for buying opportunities.

•Using Elliott Wave theory for Bitcoin's price analysis.

•Watching the US Dollar Index (DXY), as its strength can affect cryptocurrency values.

Bluntz also notes a weakening US dollar, predicting the DXY will fall to around 102, which could positively impact cryptocurrencies.

Currently, the DXY is at 104.33, and investors should keep an eye on global economic decisions affecting the market.

#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Bitcoin and Cryptocurrencies Surge Amid Political Events Bitcoin surged above $60,000 following an incident involving former President Donald Trump, leading to a wave of excitement in the market. This event also caused Ethereum and Solana to see notable price increases. The political uncertainty heightened Bitcoin’s appeal as a hedge, with Trump's increased odds of winning the next election further boosting its attractiveness. The incident impacted traditional markets, highlighting Bitcoin’s role as a strategic asset in uncertain times. XRP’s Potential for a Major Rally Analyst Armando Pantoja predicts XRP could soar to $20, driven by strong support between $0.40 and $0.50 and historical patterns suggesting rebounds from oversold conditions. Despite skepticism, Pantoja's analysis points to a potential 4,164% increase, with other analysts sharing a bullish outlook for XRP's future. Final Presale for Furrever Token Furrever Token's last presale stage ends on July 15th, offering investors a 200% bonus with the code FINALFURR200. The token, priced at $0.000732 and set to launch at $0.0009 on PancakeSwap, has already raised over $1.6 million and attracted a community of over 4.8k Telegram members. The token aims to create a secure, enjoyable platform with audited smart contracts and a commitment to lock team tokens for a year, ensuring investor confidence. Unsold tokens will be burned to potentially boost the value of the remaining supply. Secure your Furrever Tokens now and join a community combining cute cat-themed visuals with promising crypto returns. #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Bitcoin and Cryptocurrencies Surge Amid Political Events

Bitcoin surged above $60,000 following an incident involving former President Donald Trump, leading to a wave of excitement in the market.

This event also caused Ethereum and Solana to see notable price increases.

The political uncertainty heightened Bitcoin’s appeal as a hedge, with Trump's increased odds of winning the next election further boosting its attractiveness.

The incident impacted traditional markets, highlighting Bitcoin’s role as a strategic asset in uncertain times.

XRP’s Potential for a Major Rally
Analyst Armando Pantoja predicts XRP could soar to $20, driven by strong support between $0.40 and $0.50 and historical patterns suggesting rebounds from oversold conditions.

Despite skepticism, Pantoja's analysis points to a potential 4,164% increase, with other analysts sharing a bullish outlook for XRP's future.

Final Presale for Furrever Token

Furrever Token's last presale stage ends on July 15th, offering investors a 200% bonus with the code FINALFURR200.

The token, priced at $0.000732 and set to launch at $0.0009 on PancakeSwap, has already raised over $1.6 million and attracted a community of over 4.8k Telegram members.

The token aims to create a secure, enjoyable platform with audited smart contracts and a commitment to lock team tokens for a year, ensuring investor confidence.

Unsold tokens will be burned to potentially boost the value of the remaining supply.

Secure your Furrever Tokens now and join a community combining cute cat-themed visuals with promising crypto returns.

#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Solana and Meme Coins Lead Altcoin Surge, Outperforming Bitcoin and Ethereum in July Despite the flat performance of Bitcoin and Ethereum, several altcoins are experiencing significant growth. According to Santiment, notable increases have been observed in the AI & Big Data, Solana ecosystem, and Meme coins sectors over the past week. The AI & Big Data sector saw a market cap increase of 17.4% to $26.6 billion, with coins like PALM, PAAL, and 0x0 gaining traction due to their innovative applications and long-term growth potential. The Solana ecosystem experienced a 19% market cap increase, reaching $86.6 billion, driven by coins such as ANDY, POPCAT, and WIF. This growth reflects strong developer activity and rising adoption of Solana-based projects. Meme coins saw a 16.88% market cap increase to $45.8 billion, with popular coins like BENDOG, PONKE, and MYRO benefiting from social media trends and speculative trading. While top price performers showed a moderate increase of 3.46%, the DeFi sector faced setbacks with a 54.41% market cap decrease, and the Metaverse sector grew by 15.87%. At press time, Bitcoin trades at $63,768, down 1.7% over the last day, and Ethereum is at $3,439.83, down 0.9%. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Solana and Meme Coins Lead Altcoin Surge, Outperforming Bitcoin and Ethereum in July

Despite the flat performance of Bitcoin and Ethereum, several altcoins are experiencing significant growth.

According to Santiment, notable increases have been observed in the AI & Big Data, Solana ecosystem, and Meme coins sectors over the past week.

The AI & Big Data sector saw a market cap increase of 17.4% to $26.6 billion, with coins like PALM, PAAL, and 0x0 gaining traction due to their innovative applications and long-term growth potential.

The Solana ecosystem experienced a 19% market cap increase, reaching $86.6 billion, driven by coins such as ANDY, POPCAT, and WIF.

This growth reflects strong developer activity and rising adoption of Solana-based projects.
Meme coins saw a 16.88% market cap increase to $45.8 billion, with popular coins like BENDOG, PONKE, and MYRO benefiting from social media trends and speculative trading.

While top price performers showed a moderate increase of 3.46%, the DeFi sector faced setbacks with a 54.41% market cap decrease, and the Metaverse sector grew by 15.87%.
At press time, Bitcoin trades at $63,768, down 1.7% over the last day, and Ethereum is at $3,439.83, down 0.9%.

#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Cryptocurrency Price Analysis for 7/19: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB Bitcoin Price Analysis Bitcoin (BTC) turned upward on July 19 after a mild pullback, reaching $67,083. Despite the recent pullback, U.S.-based spot Bitcoin ETFs saw continued inflows on July 17 and 18, indicating cautious but not bearish market sentiment. On-chain analytics firm Santiment reported a significant drop in Bitcoin wallet addresses with non-zero balances, suggesting potential for a rebound following mass liquidations. Trading firm QCP Capital remained optimistic, noting Bitcoin's resilience despite equity market weakness and the potential Mt. Gox supply. Bitcoin's recovery faced resistance at $66,128 on July 17, but the price did not fall below the 50-day SMA ($63,806), indicating strong buying on minor dips. The 20-day SMA ($60,380) has turned up, and the RSI is positive, suggesting bullish momentum. If the price stays above $66,128, it could rally to $70,000. However, a break below the 50-day SMA could lead to a drop to the 20-day SMA. Ether Price Analysis Ether (ETH) rose above the 50-day SMA ($3,441) on July 19, signaling a potential recovery. If the price stays above this level, the ETH/USDT pair could rally to $3,730, and possibly $4,000. A drop below $3,346, however, could lead to a fall to the 20-day SMA ($3,235) and potentially retest the support at $2,850. BNB Price Analysis BNB surged above the 50-day SMA ($586) on July 19. If the price remains above this level, the BNB/USDT pair could reach $635, with potential resistance at $722. A drop below the 20-day SMA ($545) could lead to a range-bound action between $460 and $635. Solana Price Analysis Solana (SOL) broke above the downtrend line of its descending triangle pattern, indicating strong demand. The 20-day SMA ($145) is rising, and the RSI is positive. A sustained break above the downtrend line could lead to a rally to $180 and $210. A drop below the moving averages could result in more time within the triangle. XRP Price Analysis XRP fell from $0.64 on July 18, but aggressive buying at lower levels kept it above the breakout level of $0.57. The bullish crossover in moving averages and positive RSI suggest an upward trend. If XRP remains above $0.57, it could retest $0.64. A drop below $0.51 could lead to a decline to the 20-day SMA ($0.49). Dogecoin Price Analysis Dogecoin (DOGE) faced resistance at the 50-day SMA ($0.13) but found support at the 20-day SMA ($0.11). A successful break above the 50-day SMA could lead to a rally to $0.15 and $0.18. Failure to break above could result in a drop to $0.10. Toncoin Price Analysis Toncoin (TON) is consolidating between $6.77 and $8.29. Despite a dip below the 50-day SMA ($7.34), there was no aggressive selling. A rise above the moving averages could lead to a rally to $7.72 and $8.29. Cardano Price Analysis Cardano (ADA) bounced off the moving averages on July 19. If it breaks above $0.46, it could rally to $0.52 and $0.57. A drop below the moving averages could lead to declines to $0.35 and the support line of the channel. Avalanche Price Analysis Avalanche (AVAX) is stuck between its moving averages, suggesting a tussle between bulls and bears. The 20-day SMA ($26.75) is flat, and the RSI is neutral, indicating potential range-bound action between $29 and $24. A break above $29 could lead to a rally to $34 and $37. Shiba Inu Price Analysis Shiba Inu (SHIB) fell from $0.000020 on July 17 to the 20-day SMA ($0.000017) on July 18. A rebound off the 20-day SMA could lead to another attempt to break $0.000020, potentially starting a rally to $0.000026. A drop below the 20-day SMA could result in a range between $0.000020 and $0.000012. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat

Cryptocurrency Price Analysis for 7/19: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB

Bitcoin Price Analysis
Bitcoin (BTC) turned upward on July 19 after a mild pullback, reaching $67,083.
Despite the recent pullback, U.S.-based spot Bitcoin ETFs saw continued inflows on July 17 and 18, indicating cautious but not bearish market sentiment.
On-chain analytics firm Santiment reported a significant drop in Bitcoin wallet addresses with non-zero balances, suggesting potential for a rebound following mass liquidations.
Trading firm QCP Capital remained optimistic, noting Bitcoin's resilience despite equity market weakness and the potential Mt. Gox supply.
Bitcoin's recovery faced resistance at $66,128 on July 17, but the price did not fall below the 50-day SMA ($63,806), indicating strong buying on minor dips.
The 20-day SMA ($60,380) has turned up, and the RSI is positive, suggesting bullish momentum. If the price stays above $66,128, it could rally to $70,000.
However, a break below the 50-day SMA could lead to a drop to the 20-day SMA.
Ether Price Analysis
Ether (ETH) rose above the 50-day SMA ($3,441) on July 19, signaling a potential recovery.
If the price stays above this level, the ETH/USDT pair could rally to $3,730, and possibly $4,000.
A drop below $3,346, however, could lead to a fall to the 20-day SMA ($3,235) and potentially retest the support at $2,850.
BNB Price Analysis
BNB surged above the 50-day SMA ($586) on July 19.
If the price remains above this level, the BNB/USDT pair could reach $635, with potential resistance at $722.
A drop below the 20-day SMA ($545) could lead to a range-bound action between $460 and $635.
Solana Price Analysis
Solana (SOL) broke above the downtrend line of its descending triangle pattern, indicating strong demand.
The 20-day SMA ($145) is rising, and the RSI is positive.
A sustained break above the downtrend line could lead to a rally to $180 and $210.
A drop below the moving averages could result in more time within the triangle.
XRP Price Analysis
XRP fell from $0.64 on July 18, but aggressive buying at lower levels kept it above the breakout level of $0.57.
The bullish crossover in moving averages and positive RSI suggest an upward trend.
If XRP remains above $0.57, it could retest $0.64.
A drop below $0.51 could lead to a decline to the 20-day SMA ($0.49).
Dogecoin Price Analysis
Dogecoin (DOGE) faced resistance at the 50-day SMA ($0.13) but found support at the 20-day SMA ($0.11).
A successful break above the 50-day SMA could lead to a rally to $0.15 and $0.18. Failure to break above could result in a drop to $0.10.
Toncoin Price Analysis
Toncoin (TON) is consolidating between $6.77 and $8.29.
Despite a dip below the 50-day SMA ($7.34), there was no aggressive selling.
A rise above the moving averages could lead to a rally to $7.72 and $8.29.
Cardano Price Analysis
Cardano (ADA) bounced off the moving averages on July 19. If it breaks above $0.46, it could rally to $0.52 and $0.57.
A drop below the moving averages could lead to declines to $0.35 and the support line of the channel.
Avalanche Price Analysis
Avalanche (AVAX) is stuck between its moving averages, suggesting a tussle between bulls and bears.
The 20-day SMA ($26.75) is flat, and the RSI is neutral, indicating potential range-bound action between $29 and $24.
A break above $29 could lead to a rally to $34 and $37.
Shiba Inu Price Analysis
Shiba Inu (SHIB) fell from $0.000020 on July 17 to the 20-day SMA ($0.000017) on July 18.
A rebound off the 20-day SMA could lead to another attempt to break $0.000020, potentially starting a rally to $0.000026.
A drop below the 20-day SMA could result in a range between $0.000020 and $0.000012.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Binance Accepts Bloomberg's Apology for Defamatory CoverageBloomberg Businessweek has issued a formal apology to Binance and its co-founder, Changpeng Zhao, for a 2022 story that falsely labeled Zhao as the head of a “Ponzi scheme.” The apology was published in Bloomberg's 250th edition, signaling a commitment to correcting past mistakes and enhancing journalistic standards. Lawsuit and Apology Zhao had filed a lawsuit against Bloomberg after the story caused significant reputational damage, inciting “hate, scorn, and mockery” toward Binance and him. Bloomberg's public apology marks a significant step towards rebuilding trust. Additionally, Bloomberg has pledged a donation to Songzi’s Special Education Foundation, though the amount remains undisclosed, further acknowledging the harm done and showing a willingness to make amends. Zhao's Response In response, Zhao expressed his frustrations on social media, criticizing Bloomberg's focus on negative commentary while ignoring positive feedback, thus distorting his and Binance's image. Zhao's remarks highlight a broader issue in journalism: the tendency to prioritize sensationalism over balanced reporting. He stressed that Bloomberg’s coverage lacked professionalism and fairness, which undermined his reputation and business. Call for Ethical Reporting The incident underscores the importance of journalistic ethics, especially in the rapidly evolving and often misunderstood cryptocurrency sector. Accurate and fair reporting is crucial to maintain trust in financial institutions and blockchain technology developers. Bloomberg’s apology serves as a reminder to all media outlets to uphold high ethical standards in their coverage. Future Outlook Bloomberg's commitment to preventing similar mistakes and efforts to rectify the situation are positive signs. However, this episode serves as a critical reminder for the journalistic community to maintain honesty and impartiality, particularly in an era where information spreads quickly and widely. Journalists play a vital role as gatekeepers of truth and accuracy, and their responsibility is paramount in ensuring informed public discourse. #BinanceHODLerBANANA #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat

Binance Accepts Bloomberg's Apology for Defamatory Coverage

Bloomberg Businessweek has issued a formal apology to Binance and its co-founder, Changpeng Zhao, for a 2022 story that falsely labeled Zhao as the head of a “Ponzi scheme.”
The apology was published in Bloomberg's 250th edition, signaling a commitment to correcting past mistakes and enhancing journalistic standards.
Lawsuit and Apology
Zhao had filed a lawsuit against Bloomberg after the story caused significant reputational damage, inciting “hate, scorn, and mockery” toward Binance and him.
Bloomberg's public apology marks a significant step towards rebuilding trust.
Additionally, Bloomberg has pledged a donation to Songzi’s Special Education Foundation, though the amount remains undisclosed, further acknowledging the harm done and showing a willingness to make amends.
Zhao's Response
In response, Zhao expressed his frustrations on social media, criticizing Bloomberg's focus on negative commentary while ignoring positive feedback, thus distorting his and Binance's image.
Zhao's remarks highlight a broader issue in journalism: the tendency to prioritize sensationalism over balanced reporting.
He stressed that Bloomberg’s coverage lacked professionalism and fairness, which undermined his reputation and business.
Call for Ethical Reporting
The incident underscores the importance of journalistic ethics, especially in the rapidly evolving and often misunderstood cryptocurrency sector.
Accurate and fair reporting is crucial to maintain trust in financial institutions and blockchain technology developers.
Bloomberg’s apology serves as a reminder to all media outlets to uphold high ethical standards in their coverage.
Future Outlook
Bloomberg's commitment to preventing similar mistakes and efforts to rectify the situation are positive signs.
However, this episode serves as a critical reminder for the journalistic community to maintain honesty and impartiality, particularly in an era where information spreads quickly and widely.
Journalists play a vital role as gatekeepers of truth and accuracy, and their responsibility is paramount in ensuring informed public discourse.

#BinanceHODLerBANANA #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Will Mt. Gox Pressure on Bitcoin Persist? Discover the Shocking Results! The ongoing uncertainty surrounding Mt. Gox refunds has impacted Bitcoin prices since early July. Recently, a vote was conducted on the Mt. Gox forum on Reddit. Chinese cryptocurrency journalist Wu Blockchain reported that 467 members participated in the poll. Among the Mt. Gox creditors who voted, 260 chose not to sell their BTC after receiving their refund, making up the highest rate at 55%. In contrast, 88 creditors opted to sell all their refunded Bitcoins, accounting for 18% of the votes. Additionally, 68 creditors decided to sell between 1% and 25% of their BTC, while 26 creditors chose to sell between 25% and 50% of their BTC. The survey results suggest that more than half of the refunded BTCs will not be sold. However, analysts are divided on the impact of these refunds. Some believe the Mt. Gox refunds have already been priced in and that staggered payments will not significantly affect the BTC price. Others argue that the refunds will continue to exert negative pressure on the price. There is also a viewpoint that creditors, having waited a long time for their Bitcoins, may choose not to sell, thus minimizing any negative impact on the price. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Will Mt. Gox Pressure on Bitcoin Persist? Discover the Shocking Results!

The ongoing uncertainty surrounding Mt. Gox refunds has impacted Bitcoin prices since early July. Recently, a vote was conducted on the Mt. Gox forum on Reddit.

Chinese cryptocurrency journalist Wu Blockchain reported that 467 members participated in the poll.

Among the Mt. Gox creditors who voted, 260 chose not to sell their BTC after receiving their refund, making up the highest rate at 55%.

In contrast, 88 creditors opted to sell all their refunded Bitcoins, accounting for 18% of the votes.

Additionally, 68 creditors decided to sell between 1% and 25% of their BTC, while 26 creditors chose to sell between 25% and 50% of their BTC.

The survey results suggest that more than half of the refunded BTCs will not be sold. However, analysts are divided on the impact of these refunds.

Some believe the Mt. Gox refunds have already been priced in and that staggered payments will not significantly affect the BTC price.

Others argue that the refunds will continue to exert negative pressure on the price.

There is also a viewpoint that creditors, having waited a long time for their Bitcoins, may choose not to sell, thus minimizing any negative impact on the price.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Crypto Prices July 18: Bitcoin Climbs to $64K, XRP Steady Above $0.60 The global cryptocurrency market cap decreased by 1%, settling at $2.37 trillion. Additionally, the total crypto volume over the past 24 hours dropped by 21.17%, reaching $77.19 billion. Top Cryptocurrencies: Bitcoin (BTC): Price fell 1.33% to $64,813.21. It experienced lows of $63,896.09 and highs of $65,994.60. Ethereum (ETH): Price dipped 1.62% to $3,428.72, with a 24-hour range between $3,379.10 and $3,515.54. Solana (SOL):Price decreased by 1.14% to $159.11, ranging between $155.07 and $163.58. XRP: Price rose 2.64% to $0.6085, with lows of $0.5859 and highs of $0.6366. Meme Coins: Dogecoin (DOGE): Fell 1.82% to $0.1233. Shiba Inu (SHIB): Dropped 3.48% to $0.00001887. Pepe Coin: Decreased 4.82% to $0.00001187. Top Gainers: Internet Computer Protocol (ICP): Up 6.08% to $10.15. Lido DAO (LDO):Increased 6.05% to $1.98. THORChain (RUNE): Rose 5% to $4.38. Neo (NEO):Gained 4.82% to $11.94. Top Losers: Brett (BRETT): Down 5.74% to $0.133. Mog Coin (MOG): Dropped 5.57% to $0.000002077. Akash Network (AKT): Fell 4.67% to $3.58. Maker (MKR): Decreased 4.66% to $2,905.25. Hourly charts showed slight upward movement for BTC and ETH, indicating potential optimism among investors. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Crypto Prices July 18: Bitcoin Climbs to $64K, XRP Steady Above $0.60

The global cryptocurrency market cap decreased by 1%, settling at $2.37 trillion.

Additionally, the total crypto volume over the past 24 hours dropped by 21.17%, reaching $77.19 billion.

Top Cryptocurrencies:

Bitcoin (BTC):

Price fell 1.33% to $64,813.21. It experienced lows of $63,896.09 and highs of $65,994.60.

Ethereum (ETH):

Price dipped 1.62% to $3,428.72, with a 24-hour range between $3,379.10 and $3,515.54.

Solana (SOL):Price decreased by 1.14% to $159.11, ranging between $155.07 and $163.58.

XRP:
Price rose 2.64% to $0.6085, with lows of $0.5859 and highs of $0.6366.

Meme Coins:
Dogecoin (DOGE): Fell 1.82% to $0.1233.

Shiba Inu (SHIB): Dropped 3.48% to $0.00001887.

Pepe Coin: Decreased 4.82% to $0.00001187.

Top Gainers:

Internet Computer Protocol (ICP): Up 6.08% to $10.15.

Lido DAO (LDO):Increased 6.05% to $1.98.

THORChain (RUNE): Rose 5% to $4.38.

Neo (NEO):Gained 4.82% to $11.94.

Top Losers:

Brett (BRETT): Down 5.74% to $0.133.

Mog Coin (MOG): Dropped 5.57% to $0.000002077.

Akash Network (AKT): Fell 4.67% to $3.58.

Maker (MKR): Decreased 4.66% to $2,905.25.

Hourly charts showed slight upward movement for BTC and ETH, indicating potential optimism among investors.

#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Will Ethereum Hit $5000 After Spot ETF Launch? Key Market Trends to Monitor Excitement is building around Ethereum (ETH) Exchange-Traded Funds (ETFs) as their launch date approaches. Many investors predict that the cryptocurrency will reach new highs following the launch of the Spot ETFs. Ethereum ETFs Generate Interest On-chain analytics from IntoTheBlock show that $126 million worth of ETH was withdrawn from exchanges this week, indicating that investors are accumulating ETH. CryptoQuant's analysis also shows a significant drop in ETH exchange reserves, suggesting increased buying pressure. This trend has been particularly noticeable in the days leading up to the Spot ETH ETF launch, with investors expecting a price surge for Ethereum. Additionally, ETH's Coinbase premium is in the green, reflecting strong buying interest from U.S. investors. Predicting Ethereum’s Future Investors' confidence in ETH is high, as evidenced by the taker buy/sell ratio, which has recently spiked above 1, indicating aggressive buying by bulls. Glassnode's data suggests that if the bullish trend continues, Ethereum could potentially reach $5,000 in the coming months, as indicated by the Pi Cycle Top indicator. Santiment's data further supports a potential uptrend, with a sharp increase in the MVRV ratio, a bullish signal. Currently, Ethereum's MVRV ratio stands at over 5.97%. Network growth is also strong, with more addresses being created for token transfers, and daily active addresses remaining stable. Technical indicators show a bullish market, but ETH is testing a crucial resistance level. For the bull rally to continue, ETH must break above this resistance. The Money Flow Index (MFI) is in the overbought zone, which could lead to short-term selling pressure. Additionally, the Chaikin Money Flow (CMF) shows a downtick. These indicators suggest that ETH may need more time to rise above its current resistance level. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Will Ethereum Hit $5000 After Spot ETF Launch? Key Market Trends to Monitor

Excitement is building around Ethereum (ETH) Exchange-Traded Funds (ETFs) as their launch date approaches.

Many investors predict that the cryptocurrency will reach new highs following the launch of the Spot ETFs.

Ethereum ETFs Generate Interest

On-chain analytics from IntoTheBlock show that $126 million worth of ETH was withdrawn from exchanges this week, indicating that investors are accumulating ETH.

CryptoQuant's analysis also shows a significant drop in ETH exchange reserves, suggesting increased buying pressure.

This trend has been particularly noticeable in the days leading up to the Spot ETH ETF launch, with investors expecting a price surge for Ethereum.

Additionally, ETH's Coinbase premium is in the green, reflecting strong buying interest from U.S. investors.

Predicting Ethereum’s Future

Investors' confidence in ETH is high, as evidenced by the taker buy/sell ratio, which has recently spiked above 1, indicating aggressive buying by bulls.

Glassnode's data suggests that if the bullish trend continues, Ethereum could potentially reach $5,000 in the coming months, as indicated by the Pi Cycle Top indicator.

Santiment's data further supports a potential uptrend, with a sharp increase in the MVRV ratio, a bullish signal.

Currently, Ethereum's MVRV ratio stands at over 5.97%. Network growth is also strong, with more addresses being created for token transfers, and daily active addresses remaining stable.

Technical indicators show a bullish market, but ETH is testing a crucial resistance level.

For the bull rally to continue, ETH must break above this resistance.

The Money Flow Index (MFI) is in the overbought zone, which could lead to short-term selling pressure.

Additionally, the Chaikin Money Flow (CMF) shows a downtick.

These indicators suggest that ETH may need more time to rise above its current resistance level.

#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Bitcoin Price Soars Amid Continued Accumulation by Major Investors Bitcoin's price surged last week, surpassing $65,000 for the first time in nearly a month, following an assassination attempt on Donald Trump. However, it soon dropped to $63,000. This surge appears to have established a new price level. Current Bitcoin Price: Bitcoin recently exceeded $66,000, a level it hadn't reached since June 18 before experiencing a significant drop. As of now, Bitcoin's price is $66,420, reflecting a 4.41% increase in the last 24 hours and a 14% rise over the past week. The market cap also rose above $1.3 trillion for the first time in a month, with a 14% increase in 24-hour trading volume to over $32 billion. Reasons for Bitcoin's Rise: Several factors contributed to Bitcoin's recent increase. Global cyber outages and access issues have raised concerns, drawing attention to Bitcoin. U.S. Senator Cynthia Lummis noted that Bitcoin remained unaffected by these cyber outages, emphasizing its reliability. Additionally, a court victory for Binance, allowing it to invest customer fiat funds in U.S. Treasury Bonds, and FedWatch data indicating a 100% expectation of a rate cut in September, have positively impacted Bitcoin. These factors, along with the ongoing post-halving cycle, have driven Bitcoin's rise. However, given the market's volatility, a potential decline cannot be ruled out. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTournament #enofuagreat
Bitcoin Price Soars Amid Continued Accumulation by Major Investors

Bitcoin's price surged last week, surpassing $65,000 for the first time in nearly a month, following an assassination attempt on Donald Trump.

However, it soon dropped to $63,000.

This surge appears to have established a new price level.

Current Bitcoin Price:

Bitcoin recently exceeded $66,000, a level it hadn't reached since June 18 before experiencing a significant drop.

As of now, Bitcoin's price is $66,420, reflecting a 4.41% increase in the last 24 hours and a 14% rise over the past week.

The market cap also rose above $1.3 trillion for the first time in a month, with a 14% increase in 24-hour trading volume to over $32 billion.

Reasons for Bitcoin's Rise:

Several factors contributed to Bitcoin's recent increase.

Global cyber outages and access issues have raised concerns, drawing attention to Bitcoin.

U.S. Senator Cynthia Lummis noted that Bitcoin remained unaffected by these cyber outages, emphasizing its reliability.

Additionally, a court victory for Binance, allowing it to invest customer fiat funds in U.S.

Treasury Bonds, and FedWatch data indicating a 100% expectation of a rate cut in September, have positively impacted Bitcoin.

These factors, along with the ongoing post-halving cycle, have driven Bitcoin's rise. However, given the market's volatility, a potential decline cannot be ruled out.

#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTournament #enofuagreat
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