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IS BITCOIN PRICE GOING DOWN? MACRO EXPERT RAOUL PAL’S ‘BANANA ZONE’ THEORY
#AltcoinBoom
Bitcoin price briefly fell below $92,500 before rising above $94,000; however, it is struggling to maintain its upward momentum. In this environment of uncertainty, Real Vision CEO Raoul Pal has revealed his theory, which he calls the “Banana Zone.”
What is Banana Zone?
Raoul Pal defines Banana Zone as the specific stages that Bitcoin experiences in market cycles:
1. Initial Surge: Bitcoin price experiences a rapid increase, creating excitement in the market.
2. Correction Phase: This rise is followed by a correction period where the price consolidates or falls slightly.
3. Altseason: After the correction, a period begins in which altcoins outperform Bitcoin.
Current Market Situation
Pal notes that the current market is similar to the 2017 cycle. At that time, factors such as the strength of the US dollar and geopolitical tensions influenced the market. However, Bitcoin has continued to rise thanks to a weaker dollar and changes in global liquidity. Pal believes that the current market follows a similar pattern.
Conclusion
Raoul Pal’s “Banana Zone” theory provides a framework for understanding Bitcoin’s current price action. While market volatility continues, Pal believes that Bitcoin will continue its long-term upward trend.
#escoin #elg #binance
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes only. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
#AltcoinBoom
Bitcoin price briefly fell below $92,500 before rising above $94,000; however, it is struggling to maintain its upward momentum. In this environment of uncertainty, Real Vision CEO Raoul Pal has revealed his theory, which he calls the “Banana Zone.”
What is Banana Zone?
Raoul Pal defines Banana Zone as the specific stages that Bitcoin experiences in market cycles:
1. Initial Surge: Bitcoin price experiences a rapid increase, creating excitement in the market.
2. Correction Phase: This rise is followed by a correction period where the price consolidates or falls slightly.
3. Altseason: After the correction, a period begins in which altcoins outperform Bitcoin.
Current Market Situation
Pal notes that the current market is similar to the 2017 cycle. At that time, factors such as the strength of the US dollar and geopolitical tensions influenced the market. However, Bitcoin has continued to rise thanks to a weaker dollar and changes in global liquidity. Pal believes that the current market follows a similar pattern.
Conclusion
Raoul Pal’s “Banana Zone” theory provides a framework for understanding Bitcoin’s current price action. While market volatility continues, Pal believes that Bitcoin will continue its long-term upward trend.
#escoin #elg #binance
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes only. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
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CRITICAL MARKET ANALYSIS: BTC AND ETH'S DOWNTREND CONTINUES
#AltcoinBoom
BTC, which tested the 94,700 resistance in the morning hours, fell below the 92,500 level with selling pressure in the afternoon. Transactions were made that made a profit of over 100 points during the day. While a profit of 1,300 points was achieved with short positions opened at the 94,100 levels of BTC, a profit of approximately 90 points was made with positions opened at the 3,250 high level for ETH.
In the daily chart, attention is drawn to the support levels of BTC in the 91,000-90,000 band. There is a similar downward trend for ETH. It is recommended to determine the stop-loss levels correctly during transactions. In addition, a short position can be opened in a possible return to the 93,000 levels and the downward trend of the market can be evaluated. Short positions for ETH can be targeted between 3,170-3,150.
As a result, the short-term downtrend continues to be effective in the market. In possible pullbacks, aggressive purchases should be avoided without testing support points. BTC sell positions can be opened at 93,000-92,700 levels, target 90,500 levels. The target for ETH was determined as 3,070.
#escoin #elg
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Be sure to do your own research❗️
#AltcoinBoom
BTC, which tested the 94,700 resistance in the morning hours, fell below the 92,500 level with selling pressure in the afternoon. Transactions were made that made a profit of over 100 points during the day. While a profit of 1,300 points was achieved with short positions opened at the 94,100 levels of BTC, a profit of approximately 90 points was made with positions opened at the 3,250 high level for ETH.
In the daily chart, attention is drawn to the support levels of BTC in the 91,000-90,000 band. There is a similar downward trend for ETH. It is recommended to determine the stop-loss levels correctly during transactions. In addition, a short position can be opened in a possible return to the 93,000 levels and the downward trend of the market can be evaluated. Short positions for ETH can be targeted between 3,170-3,150.
As a result, the short-term downtrend continues to be effective in the market. In possible pullbacks, aggressive purchases should be avoided without testing support points. BTC sell positions can be opened at 93,000-92,700 levels, target 90,500 levels. The target for ETH was determined as 3,070.
#escoin #elg
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Be sure to do your own research❗️
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HOW CAN A SINGLE IDEA TRANSFORM THE WORLD?: THE LEGAL REVOLUTION COMING WITH BITCOIN AND ESCOIN
ESCOINTOKEN
Human history is filled with countless examples of how a single idea can transform the world. Isaac Newton’s discovery of the law of gravity revolutionized the world of science, laying the foundation for modern physics. This discovery not only changed scientific thinking, but also paved the way for technological advances.
Similarly, Bitcoin, one of the most striking innovations of the digital age, has led to radical changes in the world of finance. Introduced by Satoshi Nakamoto in 2008, Bitcoin has offered an alternative to traditional financial systems as a decentralized digital currency. This system, based on Blockchain technology, has revolutionized financial transactions by enabling secure and transparent transactions.
Human history is filled with countless examples of how a single idea can transform the world. Isaac Newton’s discovery of the law of gravity revolutionized the world of science, laying the foundation for modern physics. This discovery not only changed scientific thinking, but also paved the way for technological advances.
Similarly, Bitcoin, one of the most striking innovations of the digital age, has led to radical changes in the world of finance. Introduced by Satoshi Nakamoto in 2008, Bitcoin has offered an alternative to traditional financial systems as a decentralized digital currency. This system, based on Blockchain technology, has revolutionized financial transactions by enabling secure and transparent transactions.
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BHUTAN IS LEADING THE DIGITAL ECONOMY BY ADDING CRYPTOCURRENCIES TO ITS STRATEGIC RESERVES
Located in southern Bhutan, Gelephu Mindfulness City (GMC) has taken an important step in the digital economy by adding Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) to its strategic reserves. The move, announced on January 8, 2025, aims to increase the economic resilience of the region and encourage the use of blockchain technology.
GMC aims to strengthen its financial strategies by adding digital assets with high market value and deep liquidity to its reserves. This decision is supported by the “GMC 2024 Implementation Act” that came into effect in 2024 and reflects the importance the region attaches to innovative technologies.
Bhutan has previously shown its interest in the digital asset ecosystem by investing in Bitcoin mining. In September 2024, the country announced that it had 13,036 BTC, which would be equivalent to 27.9% of the 2023 GDP, placing Bhutan in a significant position in the global Bitcoin ecosystem.
The GMC administration plans to discuss the role of digital assets in strategic reserves at an international meeting to be held in March 2025. The meeting is expected to be attended by senior government officials and industry representatives from around the world. In addition, the GMC aims to establish an international advisory panel on digital assets.
This step is considered part of Bhutan’s efforts to consolidate its leadership position in the field of digital assets and increase its economic resilience. GMC’s addition of cryptocurrencies to its strategic reserves could inspire other countries and redefine the boundaries of global financial innovation.
#escoin #elg
- The information contained in this article is never investment advice, but is for accurate and up-to-date informational purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️DO YOUR OWN RESEARCH!
Located in southern Bhutan, Gelephu Mindfulness City (GMC) has taken an important step in the digital economy by adding Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) to its strategic reserves. The move, announced on January 8, 2025, aims to increase the economic resilience of the region and encourage the use of blockchain technology.
GMC aims to strengthen its financial strategies by adding digital assets with high market value and deep liquidity to its reserves. This decision is supported by the “GMC 2024 Implementation Act” that came into effect in 2024 and reflects the importance the region attaches to innovative technologies.
Bhutan has previously shown its interest in the digital asset ecosystem by investing in Bitcoin mining. In September 2024, the country announced that it had 13,036 BTC, which would be equivalent to 27.9% of the 2023 GDP, placing Bhutan in a significant position in the global Bitcoin ecosystem.
The GMC administration plans to discuss the role of digital assets in strategic reserves at an international meeting to be held in March 2025. The meeting is expected to be attended by senior government officials and industry representatives from around the world. In addition, the GMC aims to establish an international advisory panel on digital assets.
This step is considered part of Bhutan’s efforts to consolidate its leadership position in the field of digital assets and increase its economic resilience. GMC’s addition of cryptocurrencies to its strategic reserves could inspire other countries and redefine the boundaries of global financial innovation.
#escoin #elg
- The information contained in this article is never investment advice, but is for accurate and up-to-date informational purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️DO YOUR OWN RESEARCH!
FAMOUS MILLIONAIRE RAOUL PAL: "EXPECTED ALTCOIN RALLY IS ON THE WAY"
#elg
#Which Sectors Are You Watching in 2025?#
Raoul Pal, co-founder and CEO of Real Vision, made important evaluations about the Bitcoin and altcoin markets. Pal stated that we are entering a period he called the 'Banana Zone', where significant price increases are happening in the market. Describing this period in three stages, Pal said that the first stage occurred in November last year and that we are currently in a consolidation process similar to the 2016/2017 cycle.
Pal predicts that the consolidation will not last long and the second stage, altcoin season, will soon begin. Pal indicates that many altcoins will gain value at this stage, followed by a larger consolidation process in the third stage.
Raoul Pal is a well-known figure in the financial world, who started his career at Goldman Sachs and continued at GLG Partners before retiring at the age of 36 to establish Global Macro Investor. Later on, in 2014, he founded Real Vision, making significant contributions in the field of financial education and information sharing.
As a result, according to Pal's analysis, the cryptocurrency markets may experience a significant altcoin rally in the near future. It is recommended that investors closely monitor the markets during this process and adjust their strategies accordingly.
#GateOpinionQuest#
#Gateio #BTCMove #elg #escoin
- The information in this article is not investment advice and is for informational purposes only. STAY UPDATED WITH REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
#elg
#Which Sectors Are You Watching in 2025?#
Raoul Pal, co-founder and CEO of Real Vision, made important evaluations about the Bitcoin and altcoin markets. Pal stated that we are entering a period he called the 'Banana Zone', where significant price increases are happening in the market. Describing this period in three stages, Pal said that the first stage occurred in November last year and that we are currently in a consolidation process similar to the 2016/2017 cycle.
Pal predicts that the consolidation will not last long and the second stage, altcoin season, will soon begin. Pal indicates that many altcoins will gain value at this stage, followed by a larger consolidation process in the third stage.
Raoul Pal is a well-known figure in the financial world, who started his career at Goldman Sachs and continued at GLG Partners before retiring at the age of 36 to establish Global Macro Investor. Later on, in 2014, he founded Real Vision, making significant contributions in the field of financial education and information sharing.
As a result, according to Pal's analysis, the cryptocurrency markets may experience a significant altcoin rally in the near future. It is recommended that investors closely monitor the markets during this process and adjust their strategies accordingly.
#GateOpinionQuest#
#Gateio #BTCMove #elg #escoin
- The information in this article is not investment advice and is for informational purposes only. STAY UPDATED WITH REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
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COULD THERE BE A BULL PEAK IN THE BITCOIN MARKET IN 2025?
#CryptoMarketDip #elg #escoin #ETHETFS #XRPRise
Bitcoin investors use various tools to understand market cycles and shape their strategies accordingly. In this context, the Pi Cycle Top Prediction chart stands out as an important indicator in predicting Bitcoin's market tops. This chart analyzes the intersection of the 111-day Moving Average (111DMA) and twice the 350-day Moving Average (350DMA x2) to predict potential market tops.
Current projections suggest that these two moving averages will intersect on September 17, 2025, which could indicate a potential market top for Bitcoin. This forecast provides investors with a valuable timeline for their risk management and strategy formulation processes.
#CryptoMarketDip #elg #escoin #ETHETFS #XRPRise
Bitcoin investors use various tools to understand market cycles and shape their strategies accordingly. In this context, the Pi Cycle Top Prediction chart stands out as an important indicator in predicting Bitcoin's market tops. This chart analyzes the intersection of the 111-day Moving Average (111DMA) and twice the 350-day Moving Average (350DMA x2) to predict potential market tops.
Current projections suggest that these two moving averages will intersect on September 17, 2025, which could indicate a potential market top for Bitcoin. This forecast provides investors with a valuable timeline for their risk management and strategy formulation processes.
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RIPPLE’S RLUSD STABLECOIN OUTSIDES PAYPAL’S PYUSD ...
#CryptoReboundStrategy #elg #escoin #doge #Xrp🔥🔥
Ripple Labs’ RLUSD stablecoin, launched in December 2024, has shown remarkable growth in a short time, surpassing PayPal’s PYUSD and Circle’s EURC tokens in trading volume. According to CoinMarketCap data, although RLUSD’s market value is $53.1 million, its 24-hour trading volume increased by 1,566% to $607.58 million.
#CryptoReboundStrategy #elg #escoin #doge #Xrp🔥🔥
Ripple Labs’ RLUSD stablecoin, launched in December 2024, has shown remarkable growth in a short time, surpassing PayPal’s PYUSD and Circle’s EURC tokens in trading volume. According to CoinMarketCap data, although RLUSD’s market value is $53.1 million, its 24-hour trading volume increased by 1,566% to $607.58 million.
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HONG KONG MAKES BLOCKCHAIN MOVE FOR BANKS
The Hong Kong Monetary Authority (HKMA) has established a new regulatory incubator to support banks in safely adopting blockchain technology, a move seen as a significant step towards cementing Hong Kong’s ambition to become a global hub for cryptocurrencies.
The incubator will enable banks to conduct a comprehensive risk assessment before implementing blockchain-based services. These services include deposit and loan products that combine traditional banking infrastructures with blockchain technology. The aim is to minimize potential risks in the financial system by focusing on tokenized deposits.
The incubator will enable banks to conduct a comprehensive risk assessment before implementing blockchain-based services. These services include deposit and loan products that combine traditional banking infrastructures with blockchain technology. The aim is to minimize potential risks in the financial system by focusing on tokenized deposits.
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CRYPTOCURRENCY ATTACK FROM US STATES: INVESTMENT DECISIONS ON THE AGENDA
#Binance #btc
North Dakota has introduced a new bill that considers investing state funds in digital assets and precious metals. This bill, numbered 3001, aims to reduce the negative effects of inflation by diversifying the state's investments. The bill was introduced by Representatives Nathan Toman, Matthew Heilman and others.
The bill emphasizes that changing economic conditions and new investment opportunities require careful evaluation of the state's financial resources. If passed, the State Treasurer and Investment Board will be instructed to allocate certain funds to digital assets. However, the bill does not directly mention Bitcoin.
A similar initiative took place in New Hampshire. The state introduced a bill that proposes to hold Bitcoin and precious metals as reserve assets. Although the name Bitcoin is not explicitly mentioned in this bill, it is understood that only Bitcoin is eligible due to market value criteria.
These developments reflect the efforts of US states to adopt digital assets and integrate them into their financial strategies. However, concerns about the price fluctuations of cryptocurrencies and safe storage may pose obstacles to the adoption of such bills.
As a result, the increasing interest of US states in digital assets shows that the role of cryptocurrencies in financial systems is becoming increasingly important.
#escoin #elg #EscoinToken
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Be sure to do your own research❗️
#Binance #btc
North Dakota has introduced a new bill that considers investing state funds in digital assets and precious metals. This bill, numbered 3001, aims to reduce the negative effects of inflation by diversifying the state's investments. The bill was introduced by Representatives Nathan Toman, Matthew Heilman and others.
The bill emphasizes that changing economic conditions and new investment opportunities require careful evaluation of the state's financial resources. If passed, the State Treasurer and Investment Board will be instructed to allocate certain funds to digital assets. However, the bill does not directly mention Bitcoin.
A similar initiative took place in New Hampshire. The state introduced a bill that proposes to hold Bitcoin and precious metals as reserve assets. Although the name Bitcoin is not explicitly mentioned in this bill, it is understood that only Bitcoin is eligible due to market value criteria.
These developments reflect the efforts of US states to adopt digital assets and integrate them into their financial strategies. However, concerns about the price fluctuations of cryptocurrencies and safe storage may pose obstacles to the adoption of such bills.
As a result, the increasing interest of US states in digital assets shows that the role of cryptocurrencies in financial systems is becoming increasingly important.
#escoin #elg #EscoinToken
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Be sure to do your own research❗️
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CALL FOR A NEW ERA FOR CRYPTOCURRENCIES FROM THE US
#Write2Earn
US Federal Deposit Insurance Corporation (FDIC) Deputy Chairman Travis Hill stated that practices restricting banks' cryptocurrency activities should be ended and cooperation with blockchain technologies should be increased.
Hill stated that federal institutions have used "cease and desist letters" in the past to prevent banks from expanding their cryptocurrency-related activities, emphasizing that such practices hinder innovation and create the perception that the FDIC is against blockchain technology.
Hill also stated that approaches similar to "Operation Choke Point" should be ended, and called for a review of the implementation of the Bank Secrecy Act. He said that this law creates a high risk of non-compliance fines for banks and increases account closure trends.
The FDIC Deputy Chairman pledged to improve cooperation between the banking sector and crypto technologies, while also emphasizing that a more balanced approach should be adopted to support innovation. These statements are an important message for investors in the cryptocurrency ecosystem and the banking sector.
While it is discussed that regulations should progress in a balanced way with innovation in the cryptocurrency world, Hill's words may be a harbinger of an approach that supports the potential of blockchain technology in the financial sector.
#escoin #elg #binance
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Definitely do your own research❗️
$BTC $ETH
#Write2Earn
US Federal Deposit Insurance Corporation (FDIC) Deputy Chairman Travis Hill stated that practices restricting banks' cryptocurrency activities should be ended and cooperation with blockchain technologies should be increased.
Hill stated that federal institutions have used "cease and desist letters" in the past to prevent banks from expanding their cryptocurrency-related activities, emphasizing that such practices hinder innovation and create the perception that the FDIC is against blockchain technology.
Hill also stated that approaches similar to "Operation Choke Point" should be ended, and called for a review of the implementation of the Bank Secrecy Act. He said that this law creates a high risk of non-compliance fines for banks and increases account closure trends.
The FDIC Deputy Chairman pledged to improve cooperation between the banking sector and crypto technologies, while also emphasizing that a more balanced approach should be adopted to support innovation. These statements are an important message for investors in the cryptocurrency ecosystem and the banking sector.
While it is discussed that regulations should progress in a balanced way with innovation in the cryptocurrency world, Hill's words may be a harbinger of an approach that supports the potential of blockchain technology in the financial sector.
#escoin #elg #binance
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Definitely do your own research❗️
$BTC $ETH
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BITCOIN COULD REACH $225,000 IN 2025
#CryptoReboundStrategy #elg #escoin #BTCMove
New York-based investment bank H.C. Wainwright has raised its 2025 price forecast for Bitcoin (BTC) from $145,000 to $225,000.
The revision is based on Bitcoin’s historical price cycles, recent price action, and expectations for a more favorable regulatory environment for digital assets in the U.S. In particular, the “Financial Innovation and Technology for the 21st Century Act” (FIT21), passed in 2024, has increased the interest of institutional investors and companies in Bitcoin by providing clarity in the regulation of digital assets.
#CryptoReboundStrategy #elg #escoin #BTCMove
New York-based investment bank H.C. Wainwright has raised its 2025 price forecast for Bitcoin (BTC) from $145,000 to $225,000.
The revision is based on Bitcoin’s historical price cycles, recent price action, and expectations for a more favorable regulatory environment for digital assets in the U.S. In particular, the “Financial Innovation and Technology for the 21st Century Act” (FIT21), passed in 2024, has increased the interest of institutional investors and companies in Bitcoin by providing clarity in the regulation of digital assets.
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THERE IS DEMAND FOR ETHEREUM SPOT ETFS...
#CryptoReboundStrategy #elg #escoin #ShareYourTrade
A record net inflow of $2.08 billion was recorded in Ethereum spot exchange-traded funds (ETFs) in December 2024. This reflects investors' increasing interest in Ethereum-backed financial products.
In May 2024, the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs. This approval made it easier for investors to invest directly in Ethereum.
The highest net inflow in December was $1.4 billion for BlackRock's iShares Ethereum Trust ETF (ETHA). Fidelity Ethereum Fund (FETH) came in second with a total net inflow of $1.56 billion.
These developments indicate the increasing acceptance of Ethereum in financial markets and that investors are increasingly including digital assets in their portfolios.
#CryptoReboundStrategy #elg #escoin #ShareYourTrade
A record net inflow of $2.08 billion was recorded in Ethereum spot exchange-traded funds (ETFs) in December 2024. This reflects investors' increasing interest in Ethereum-backed financial products.
In May 2024, the U.S. Securities and Exchange Commission (SEC) approved spot Ethereum ETFs. This approval made it easier for investors to invest directly in Ethereum.
The highest net inflow in December was $1.4 billion for BlackRock's iShares Ethereum Trust ETF (ETHA). Fidelity Ethereum Fund (FETH) came in second with a total net inflow of $1.56 billion.
These developments indicate the increasing acceptance of Ethereum in financial markets and that investors are increasingly including digital assets in their portfolios.
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CRYPTO CASE: DO KWON AND THE TERRAUSD SCANDAL
#btc #xrp #elg #escoin #DOJBTCAuction
Terraform Labs co-founder Do Kwon faces fraud charges in the US after the collapse of his TerraUSD and Luna cryptocurrencies, which cost investors $40 billion.
The loss of TerraUSD's $1 peg in 2022 caused a major crash in the cryptocurrency market.
Following this incident, Kwon was accused of misleading investors and concealing assets.
Kwon, who was caught with a fake passport in Montenegro, was extradited to the US after serving a four-month prison sentence.
Kwon, who was tried in Manhattan federal court on January 2, 2025, on securities fraud, wire fraud, commodities fraud and money laundering charges, has pleaded not guilty to all charges.
The case has exposed the deficiencies in regulating cryptocurrency markets and protecting investors.
Kwon’s trial reflects the consequences of financial regulatory compliance and lack of transparency, rather than the cryptocurrency’s struggle against the dollar.
#btc #xrp #elg #escoin #DOJBTCAuction
Terraform Labs co-founder Do Kwon faces fraud charges in the US after the collapse of his TerraUSD and Luna cryptocurrencies, which cost investors $40 billion.
The loss of TerraUSD's $1 peg in 2022 caused a major crash in the cryptocurrency market.
Following this incident, Kwon was accused of misleading investors and concealing assets.
Kwon, who was caught with a fake passport in Montenegro, was extradited to the US after serving a four-month prison sentence.
Kwon, who was tried in Manhattan federal court on January 2, 2025, on securities fraud, wire fraud, commodities fraud and money laundering charges, has pleaded not guilty to all charges.
The case has exposed the deficiencies in regulating cryptocurrency markets and protecting investors.
Kwon’s trial reflects the consequences of financial regulatory compliance and lack of transparency, rather than the cryptocurrency’s struggle against the dollar.
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CRYPTO MARKET RECOVERY: BTC AND ETH ON THE RISE
After the pullback at midnight, the crypto market is showing a recovery trend. Bitcoin (BTC) tested a significant resistance level by reaching 94.200$ . Ethereum (ETH) moved in parallel with BTC and rose to 3.280$ .
In intraday transactions, we bought BTC at 91.800$ and sold it at $93,900, making a 2,000-point gain. Similarly, we bought ETH at $3,190 and exited with a 70-point profit. The market does not show continuous declines or increases; the current recovery is testing significant resistance levels ahead of the evening's nonfarm payrolls data.
After three days of decline on the daily chart, it is seen that the bulls are back on stage. On the four-hour chart, three consecutive positive moves have regained the market's downward points. While the Bollinger Bands are narrowing, the middle line continues the downtrend. Although the bulls face some resistance in the short term, the demand for an increase in trading volume continues.
With the opening of the US markets, movement is expected; therefore, buying opportunities can be evaluated in pullbacks. For BTC, light purchases can be made in the range of $93,200-93.500$ , targeting 95.000$ . For ETH, purchases can be made in the range of $3,210-3.240$ , targeting 3.350$ .
As a result, the crypto market is showing signs of recovery; however, it is important for investors to act carefully and strategically.
#btc #escoin #binance #elg
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Definitely do your own research❗️
After the pullback at midnight, the crypto market is showing a recovery trend. Bitcoin (BTC) tested a significant resistance level by reaching 94.200$ . Ethereum (ETH) moved in parallel with BTC and rose to 3.280$ .
In intraday transactions, we bought BTC at 91.800$ and sold it at $93,900, making a 2,000-point gain. Similarly, we bought ETH at $3,190 and exited with a 70-point profit. The market does not show continuous declines or increases; the current recovery is testing significant resistance levels ahead of the evening's nonfarm payrolls data.
After three days of decline on the daily chart, it is seen that the bulls are back on stage. On the four-hour chart, three consecutive positive moves have regained the market's downward points. While the Bollinger Bands are narrowing, the middle line continues the downtrend. Although the bulls face some resistance in the short term, the demand for an increase in trading volume continues.
With the opening of the US markets, movement is expected; therefore, buying opportunities can be evaluated in pullbacks. For BTC, light purchases can be made in the range of $93,200-93.500$ , targeting 95.000$ . For ETH, purchases can be made in the range of $3,210-3.240$ , targeting 3.350$ .
As a result, the crypto market is showing signs of recovery; however, it is important for investors to act carefully and strategically.
#btc #escoin #binance #elg
- The information contained in this article is never investment advice, but is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Definitely do your own research❗️
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GARANTİ BBVA LAUNCHES CRYPTOCURRENCY SERVICES
#elg #escoin #doge #xrp #BinanceAlphaAlert
Garanti BBVA, one of Turkey's leading banks, is starting to offer Bitcoin and other cryptocurrency trading services to its 27 million customers. This step is considered as part of the bank's strategic expansion in the field of digital asset services.
Garanti BBVA has partnered with Spanish crypto service provider Bit2Me to offer its customers the opportunity to buy and sell cryptocurrencies on a secure and regulated platform. Initially supporting popular crypto assets such as Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC), the platform plans to add more digital assets in the future.
This move was made in accordance with the Crypto Asset Markets Regulation (MiCA) that entered into force in Europe. MiCA provides a legal framework that makes it easier for banks to offer crypto asset services. Garanti BBVA’s move could play a role in encouraging other banks in Turkey to offer similar services.
#elg #escoin #doge #xrp #BinanceAlphaAlert
Garanti BBVA, one of Turkey's leading banks, is starting to offer Bitcoin and other cryptocurrency trading services to its 27 million customers. This step is considered as part of the bank's strategic expansion in the field of digital asset services.
Garanti BBVA has partnered with Spanish crypto service provider Bit2Me to offer its customers the opportunity to buy and sell cryptocurrencies on a secure and regulated platform. Initially supporting popular crypto assets such as Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC), the platform plans to add more digital assets in the future.
This move was made in accordance with the Crypto Asset Markets Regulation (MiCA) that entered into force in Europe. MiCA provides a legal framework that makes it easier for banks to offer crypto asset services. Garanti BBVA’s move could play a role in encouraging other banks in Turkey to offer similar services.
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BITCOIN ETFS APPROVED: BEGINNING OF A NEW ERA IN THE CRYPTO WORLD
#USJoblessClaimsDrop
The US Securities and Exchange Commission (SEC) has marked a significant milestone in the cryptocurrency market by approving spot Bitcoin exchange-traded funds (ETFs). This development has the potential to accelerate the adoption of Bitcoin and other cryptocurrencies.
Morgan Stanley Digital Asset Markets President Andrew Peel stated that this approval is a critical step in the acceptance of Bitcoin by the global financial system. Peel emphasized that ETF approvals could lead to a paradigm shift in the global perception and use of cryptocurrencies.
On the other hand, some risks have also come to the fore with the approval of spot Bitcoin ETFs. The choice of custody platforms preferred by large financial firms may cause Bitcoin savings to concentrate on certain platforms and increase potential security risks. In addition, the possibility of states intervening in cryptocurrencies through these platforms is also being discussed.
Analysts predict that ETF approvals could create movement in the crypto market by providing new capital flow to the sector. AB Bernstein analysts state that if ETFs are approved, they could represent 10% of Bitcoin's total market value.
As a result, the approval of Bitcoin ETFs marks the beginning of a new era in the cryptocurrency market. While this development accelerates the adoption of Bitcoin and other cryptocurrencies, the risks and opportunities it brings should be monitored carefully.
#escoin #elg #BinanceAlphaAlert
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Be sure to do your own research❗️
#USJoblessClaimsDrop
The US Securities and Exchange Commission (SEC) has marked a significant milestone in the cryptocurrency market by approving spot Bitcoin exchange-traded funds (ETFs). This development has the potential to accelerate the adoption of Bitcoin and other cryptocurrencies.
Morgan Stanley Digital Asset Markets President Andrew Peel stated that this approval is a critical step in the acceptance of Bitcoin by the global financial system. Peel emphasized that ETF approvals could lead to a paradigm shift in the global perception and use of cryptocurrencies.
On the other hand, some risks have also come to the fore with the approval of spot Bitcoin ETFs. The choice of custody platforms preferred by large financial firms may cause Bitcoin savings to concentrate on certain platforms and increase potential security risks. In addition, the possibility of states intervening in cryptocurrencies through these platforms is also being discussed.
Analysts predict that ETF approvals could create movement in the crypto market by providing new capital flow to the sector. AB Bernstein analysts state that if ETFs are approved, they could represent 10% of Bitcoin's total market value.
As a result, the approval of Bitcoin ETFs marks the beginning of a new era in the cryptocurrency market. While this development accelerates the adoption of Bitcoin and other cryptocurrencies, the risks and opportunities it brings should be monitored carefully.
#escoin #elg #BinanceAlphaAlert
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES FAR FROM SPECULATION❗️ Be sure to do your own research❗️
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THE DOWNTREND CONTINUES IN THE CRYPTOCURRENCY MARKET
#btc #bitcoin
Bitcoin (BTC) and Ethereum (ETH) markets experienced significant declines in the middle of the week. The increases experienced on Monday were completely withdrawn on Wednesday. BTC tested the support level of $96,000 after rising to $97,200 in the morning hours. It fell below this level in the afternoon, falling below $94,000 and finding support around $93,000. ETH also followed a similar course, experiencing a $112 drop during the day.
On the daily chart, two large bearish candles indicate a pullback to the lower band, but no significant recovery has yet been seen. On the 4-hour chart, a downward channel has opened. If it falls below $93,000, the $92,000 level should be monitored as a critical support point. If this level is not broken, the price can be expected to consolidate around $94,000.
In the short term, $94,200 can be targeted by buying in the $92,500-$92,800 range. At higher levels, it is possible to adapt to the downtrend by selling. Since ETH has high volatility, transactions parallel to BTC levels are recommended.
As a result, the downward trend continues in the cryptocurrency market and it is important for investors to adopt careful and trend-oriented strategies.
#escoin #elg #EscoinToken
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
#btc #bitcoin
Bitcoin (BTC) and Ethereum (ETH) markets experienced significant declines in the middle of the week. The increases experienced on Monday were completely withdrawn on Wednesday. BTC tested the support level of $96,000 after rising to $97,200 in the morning hours. It fell below this level in the afternoon, falling below $94,000 and finding support around $93,000. ETH also followed a similar course, experiencing a $112 drop during the day.
On the daily chart, two large bearish candles indicate a pullback to the lower band, but no significant recovery has yet been seen. On the 4-hour chart, a downward channel has opened. If it falls below $93,000, the $92,000 level should be monitored as a critical support point. If this level is not broken, the price can be expected to consolidate around $94,000.
In the short term, $94,200 can be targeted by buying in the $92,500-$92,800 range. At higher levels, it is possible to adapt to the downtrend by selling. Since ETH has high volatility, transactions parallel to BTC levels are recommended.
As a result, the downward trend continues in the cryptocurrency market and it is important for investors to adopt careful and trend-oriented strategies.
#escoin #elg #EscoinToken
- The information contained in this article is never investment advice and is for accurate and up-to-date information purposes. STAY TUNED FOR REAL, SCIENTIFIC ARTICLES, AWAY FROM SPECULATION❗️ Be sure to do your own research❗️
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#BinanceMegadropSolv
DO KWON, THE CONTROVERSIAL NAME OF THE CRYPTOCURRENCY WORLD, IS BEING TRIED IN THE US
Terraform Labs co-founder Do Kwon appeared in court in New York after being extradited from Montenegro to the US. Kwon pleaded not guilty to nine charges brought against him in connection with the collapse of the TerraUSD and LUNA ecosystems.
The court will hold a status assessment meeting on January 8, 2025. At this meeting, the parties will present evidence and determine the next hearing dates.
Kwon's trial could lead to increased regulatory scrutiny in the cryptocurrency market. The collapse of the Terra ecosystem cost investors billions of dollars and caused a crisis of confidence in the sector.
If Kwon is found guilty, he is likely to face a long prison sentence for crimes such as securities fraud and money laundering. This case could set an important precedent for strengthening the regulatory framework in the cryptocurrency sector and protecting investors.
As a result, Do Kwon’s trial in the US could pave the way for increased regulatory scrutiny of the cryptocurrency market and stricter regulatory enforcement in the sector.
#escoin #elg
DO KWON, THE CONTROVERSIAL NAME OF THE CRYPTOCURRENCY WORLD, IS BEING TRIED IN THE US
Terraform Labs co-founder Do Kwon appeared in court in New York after being extradited from Montenegro to the US. Kwon pleaded not guilty to nine charges brought against him in connection with the collapse of the TerraUSD and LUNA ecosystems.
The court will hold a status assessment meeting on January 8, 2025. At this meeting, the parties will present evidence and determine the next hearing dates.
Kwon's trial could lead to increased regulatory scrutiny in the cryptocurrency market. The collapse of the Terra ecosystem cost investors billions of dollars and caused a crisis of confidence in the sector.
If Kwon is found guilty, he is likely to face a long prison sentence for crimes such as securities fraud and money laundering. This case could set an important precedent for strengthening the regulatory framework in the cryptocurrency sector and protecting investors.
As a result, Do Kwon’s trial in the US could pave the way for increased regulatory scrutiny of the cryptocurrency market and stricter regulatory enforcement in the sector.
#escoin #elg
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#BitcoinHashRateSurge
CRITICAL RESISTANCE LEVELS IN THE CRYPTOCURRENCY MARKET: BTC STRUGGLES BELOW $100,000, ETH STRUGGLES BELOW $3,700
#BinanceMegadropSolv
Bitcoin (BTC) continues to test the $100,000 level; however, it is having difficulty overcoming this critical resistance. BTC, which has increased by 3.16% in the last 24 hours and is trading at $96,568, shows that investor confidence is increasing.
Ethereum (ETH) is also following a similar trend and is trading below the $3,700 level. Analysts state that ETH's overcoming the $3,500 resistance level strengthens the bullish sentiment.
Market participants expect these critical levels to be overcome, especially with increasing volumes during US trading hours. However, factors such as miner selling pressure and profit realization by long-term investors prevent BTC from exceeding the $100,000 level.
It is predicted that BTC can target $102,500 by opening a long position in the $99,000-99,400 range, while ETH can target $3,800 with a long position in the $3,640-3,670 range.
As a result, volume growth and investor confidence must continue to exceed critical resistance levels in the cryptocurrency market.
#escoin #elg
CRITICAL RESISTANCE LEVELS IN THE CRYPTOCURRENCY MARKET: BTC STRUGGLES BELOW $100,000, ETH STRUGGLES BELOW $3,700
#BinanceMegadropSolv
Bitcoin (BTC) continues to test the $100,000 level; however, it is having difficulty overcoming this critical resistance. BTC, which has increased by 3.16% in the last 24 hours and is trading at $96,568, shows that investor confidence is increasing.
Ethereum (ETH) is also following a similar trend and is trading below the $3,700 level. Analysts state that ETH's overcoming the $3,500 resistance level strengthens the bullish sentiment.
Market participants expect these critical levels to be overcome, especially with increasing volumes during US trading hours. However, factors such as miner selling pressure and profit realization by long-term investors prevent BTC from exceeding the $100,000 level.
It is predicted that BTC can target $102,500 by opening a long position in the $99,000-99,400 range, while ETH can target $3,800 with a long position in the $3,640-3,670 range.
As a result, volume growth and investor confidence must continue to exceed critical resistance levels in the cryptocurrency market.
#escoin #elg
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CRYPTO PAYMENT GIANT MOONPAY RECEIVES MİCA APPROVAL...
#elg #escoin #doge #xrp #BitcoinTurns16
Crypto payment platform MoonPay has taken an important step towards expanding its operations in Europe by obtaining a license in the Netherlands under the European Union’s Markets in Crypto Assets (MiCA) regulation.
This license, which was obtained from the Dutch Financial Markets Authority on December 30, 2024, allows MoonPay to offer fiat-crypto and crypto-fiat payment services throughout Europe.
MoonPay co-founder and CEO Ivan Soto-Wright described the approval as “an important step in solidifying the role of the crypto industry in the global economy.”
#elg #escoin #doge #xrp #BitcoinTurns16
Crypto payment platform MoonPay has taken an important step towards expanding its operations in Europe by obtaining a license in the Netherlands under the European Union’s Markets in Crypto Assets (MiCA) regulation.
This license, which was obtained from the Dutch Financial Markets Authority on December 30, 2024, allows MoonPay to offer fiat-crypto and crypto-fiat payment services throughout Europe.
MoonPay co-founder and CEO Ivan Soto-Wright described the approval as “an important step in solidifying the role of the crypto industry in the global economy.”