My dears! The US inflation data came out at 15:30 Kyiv time. They are not bad, so the bitcoin pumped a little, the upward trend, as we expected, continues. If possible, buy LTC on the spot, there will be good news on it. 😏
Guys, bitcoin is flying, as I told you, our deposits are bursting. Please write - who is in the position and is there a profit😏 According to our plan, we entered Long with 65 thousand. At 80 thousand we focus on 10 percent. At 102 thousand we fix another 10 percent🤑 About bitcoin!!!
Over 2.37 million DOGE were withdrawn from an address that had been inactive for almost 9 years on the Dogecoin network. Between December 23, 2013 and March 25, 2014, its owner made over 400 transactions to top up the cryptocurrency account. The cost of one DOGE at that time varied from $0.0002272$ to $0.001592, and averaged $0.001.
Thus, no more than $4,000 was spent on purchasing all the coins. Taking into account the current price of DOGE and minus expenses, the investor's profit was over $320,000.
There was a correction on the market, bitcoin rolled back a bit, is gaining momentum. Things are not so good with alts, they are very risky on futures, especially with large leverage, many were wiped out. I recommend buying alts and holding them on the spot😏, if you have no experience.
Up to 16 leverage is normal for bitcoin, it withstands correction, higher is dangerous. It is good to buy more on the spill.
It is better to use small leverage on alts. We are waiting for alts to grow🤔
It's all because of the new approach in the Trump administration. Reformers will come and what could happen: - will they disperse the Fed, fire Powell through Congress? - Bitcoin and crypto will be means of payment; - banks are practically unnecessary? Crypto will replace everything🤔And there are only 21 million Bitcoins, 84 million Litecoins... It won't be enough for everyone... We're flying...
Total proceeds since the BTC ETF was approved in January have increased to $26.2 billion.
“The directional movement is toward Bitcoin becoming a treasury asset held by corporations, governments, and institutions. This seems clear to us,” Bernstein noted. Among the bullish indicators are support for cryptocurrencies from the Trump team and supporters, as well as demand for spot Bitcoin ETFs. Hurry up to create your crypto portfolio, guys😏
In an official statement, Canary Capital explains that the decision to focus on Litecoin for the ETF is due to its unrivaled longevity and robust performance in the blockchain space. Having been in operation since its launch in 2011, Litecoin is known for its reliability and enterprise usability.
As one of the earliest Bitcoin derivatives, it offers low fees and fast transactions, making it a practical solution for micropayments and remittances.
Canary Capital has officially filed an s-1 for a Litecoin ETF. An SEC S-1 is a registration form for new securities required by the Securities and Exchange Commission (SEC) for public companies based in the United States; the filing is typically made before a security is listed on a national exchange.
With SEC approval, Canary Capital will provide both consumers and institutional investors with widespread exposure to Litecoin's LTC. The Exchange-Trusted-Fund aims to offer investors options other than directly owning LTC, thereby providing access to traditional brokerage platforms.
Wrapped Litecoin ($WLTC) Unlocks DeFi for Litecoin ($LTC) Holders
12 November 2024 - Leading digital asset exchange, Coinut, is proud to announce the launch of Wrapped Litecoin ($WLTC) today, November 12. This groundbreaking development integrates Litecoin into the vibrant world of decentralized finance (DeFi) via the Ethereum network.
An ERC-20 token, $WLTC acts as a simple bridge between the Litecoin and Ethereum ecosystems. As the oldest surviving altcoin, Litecoin’s 13 years of uninterrupted network activity has earned it a reputation as one of the most trusted and active digital assets globally. Wrapped Litecoin (WLTC) is a token that is pegged 1:1 with Litecoin, meaning each WLTC is backed by an equivalent amount of Litecoin, ensuring its value remains consistent with LTC. By wrapping Litecoin, users can now take advantage of Ethereum's extensive DeFi ecosystem without selling their LTC. This opens up a variety of decentralized exchanges (DEXs) and thus unlocks greater liquidity for user assets. The main advantages for most will be earning interest, borrowing funds, and leveraging assets in numerous DeFi protocols. WLTC can be staked, and thus earn rewards, on various Ethereum-based DeFi platforms that support staking. WLTC also opens the door to smart contracts. By standardizing Litecoin into the ERC20 format, WLTC facilitates the integration of Litecoin transfers into smart contracts. This simplifies the development of decentralized applications (DApps) and enables more efficient execution of complex transactions involving Litecoin.
"Litecoin is trusted by millions. Now, with Wrapped Litecoin, these users can access Ethereum's ecosystem seamlessly and confidently" - Xinxi Wang, Coinut #wltc #ltc
The dollar rose and Treasury yields surged after last week's election, while the market's odds of a rate cut at the Fed's next meeting in December fell to just 62% from 77% a week earlier and 84% a month ago, according to CME Group.
Wednesday brings potentially crucial US CPI data that could either reinforce or reverse this trend in rate cut expectations, and kicks off a busy few days that include US producer inflation figures and comments from Fed Chairman Jay Powell on Thursday, followed by retail sales figures in the prison
Last week, Powell pledged to stay on course for cautious, patient monetary easing, saying the central bank would not try to "second-guess" Trump's policies. The US currency is near a one-year peak against the euro and a multi-month high against the yen, boosted mainly by a jump in US yields. But rising borrowing costs tend to make equity investors uneasy and weigh heavily on high-flying tech stocks.
Guys. We are standing in a triangle, touched the lower border. I think it will be as I said before, look at my earlier posts.
Exiting the triangle upwards - according to our pre-approved plan.
Exiting the flag has been worked out - this is 90 thousand, then we work out the cup - the target is 130 thousand for bitcoin. Today is important inflation data ✌🏼🙈 Good luck to everyone, hold on ❤️
Сегодня выходят важные данные по инфляции, это направит рынок🤔
13 Release Impact For Actual Expected Prior 7:00 AM MBA Mortgage Applications Index 11/09 - NA -10.8% 8:30 AM CPI Oct - 0.2% 0.2% 8:30 AM Core CPI Oct - 0.3% 0.3% 10:30 AM EIA Crude Oil Inventories 11/09 - NA +2.15M 2:00 PM Treasury Budget Oct - NA $6
Dear children! Sometimes a coin falls for a long time, and then turns sharply and goes up. Those who did not manage to leave the position are called planted. Therefore, it is advisable not to rush to enter the position. Wait for a convenient entry point. Best regards and good luck in the bidding
Does anyone even remember what this company does? 💸Everyone knows Saylor as the most "believing" investor and Bitcoin, who does not care about the timing of market entry.
The enterprise software firm turned bitcoin holding company announced the other day that it has spent $2 billion buying BTC over the past 10 days at an average price of 74,463𒒵 per bitcoin. This brought his total investment to $11.9 billion!
➡️But something else is important here. MicroStrategy's example demonstrates the principles of DCA (dollar cost averaging) very clearly, because despite the high purchase price of the last few days, its average purchase price is only $42,692 compared to $39,266 as of September 30.
Wall Street also appreciated the approach: MicroStrategy's share price soared 26%, (52% for the week). And since August of this year, the growth has already amounted to 170%. It's even better than Bitcoin itself💪.
The DCA method helps to create financial discipline, avoid emotional decisions in a volatile market and build a portfolio with a long-term perspective.
Will the SEC approve the Litecoin ETF application?
This security-focused release comes amid growing prospects for institutional adoption of Litecoin. Recently, Canary Capital submitted the first application to the U.S. Securities and Exchange Commission (SEC) to create a Litecoin-based ETF, to give institutional investors access to Litecoin.
The S-1 application, made public on October 15, is the first important step, but the company also needs to file Form 19b-4 to obtain exchange approval. The proposed ETF will hold Litecoin and calculate the value of its net assets daily. Approval of the LTC spot ETF will open the door for the approval of other cryptocurrency ETFs, with XRP potentially being another candidate after the resolution of the lawsuit between Ripple and the SEC.
While these changes are taking place, long-term investors continue to show interest in Litecoin. As previously reported by Crypto News Flash, Litecoin recently surpassed Ethereum for the longest average holding period, indicating that the currency continues to attract the attention of HODLers.
Litecoin Core version v0.21.4 has been released with critical security updates to enhance network stability. The Litecoin ETF application submitted by Canary Capital to the U.S. Securities and Exchange Commission may provide broader institutional access to Litecoin. The Litecoin development team has announced the release of Litecoin Core version 0.21.4, which features important security updates along with functional improvements. This release fixes several issues that could lead to network instability, thereby increasing the security of the Litecoin network.
Among the fixed vulnerabilities is CVE-2024-35202, which allows remote attackers to perform a DoS attack. This can occur by placing unconfirmed transactions into the blocktxn message, leading to assertion errors and the node exiting the network. The patch addresses this issue by verifying that all transactions in the message correspond to the Merkle root of the block, enhancing the validity of transactions.