LIVEtoda la info 4 u
@informa-te
Following
Followers
Liked
Shared
See original
VanEck: Ethereum will reach $22,000 in an average scenario
$ETH
The financial giant updated its projections for the price of ETH and in the long term predicts that its price will be $22,000 in 2030, in a base scenario.
As Criptonoticias already reported, the optimism in this forecast is based on the ecosystem technology created by Vitalik Buterin to offer greater efficiency and transparency, compared to credit cards or payment methods such as PayPal. Specialists define it this way:
Ether is a novel asset that exposes investors to a high-growth, internet-native trading system called Ethereum that threatens to disrupt existing financial businesses and the platforms of big tech companies like Google and Apple.
Matthew Sigel, Patrick Bush and Denis Zinoviev, analysts at the firm VanEck.
One of the reasons that would drive the listing of ETH is the approval of cash ETFs by the United States Securities and Exchange Commission (SEC). VanEck is one of the issuing companies that has already submitted the corresponding documentation for the funds to be listed on the market.
Finally, the predictions published in the report also project the price of ETH in a bullish scenario, at $154,000 in 2030, and in a bearish scenario, at $360.
#EarnFreeCrypto2024 #TopCoinsJune2024 #Binance
$ETH
The financial giant updated its projections for the price of ETH and in the long term predicts that its price will be $22,000 in 2030, in a base scenario.
As Criptonoticias already reported, the optimism in this forecast is based on the ecosystem technology created by Vitalik Buterin to offer greater efficiency and transparency, compared to credit cards or payment methods such as PayPal. Specialists define it this way:
Ether is a novel asset that exposes investors to a high-growth, internet-native trading system called Ethereum that threatens to disrupt existing financial businesses and the platforms of big tech companies like Google and Apple.
Matthew Sigel, Patrick Bush and Denis Zinoviev, analysts at the firm VanEck.
One of the reasons that would drive the listing of ETH is the approval of cash ETFs by the United States Securities and Exchange Commission (SEC). VanEck is one of the issuing companies that has already submitted the corresponding documentation for the funds to be listed on the market.
Finally, the predictions published in the report also project the price of ETH in a bullish scenario, at $154,000 in 2030, and in a bearish scenario, at $360.
#EarnFreeCrypto2024 #TopCoinsJune2024 #Binance
See original
What percentage of bitcoin and Ethereum should my portfolio have?
$BTC
$ETH
The VanEck company is optimistic about the price of both cryptocurrencies and establishes what could be a good distribution of capital.
VanEck, a financial asset management firm, determined the optimal bitcoin (BTC) and ether (ETH) allocation percentage that — in its opinion — an investment portfolio should possess to maximize risk-adjusted returns.
In the analysis prepared by Matthew Sigel, Patrick Bush and Denis Zinoviev, all possible combinations are derived to maximize the sharpe ratio, a measure used to evaluate the performance of an investment in relation to the risk assumed.
$ETH
The VanEck company is optimistic about the price of both cryptocurrencies and establishes what could be a good distribution of capital.
VanEck, a financial asset management firm, determined the optimal bitcoin (BTC) and ether (ETH) allocation percentage that — in its opinion — an investment portfolio should possess to maximize risk-adjusted returns.
In the analysis prepared by Matthew Sigel, Patrick Bush and Denis Zinoviev, all possible combinations are derived to maximize the sharpe ratio, a measure used to evaluate the performance of an investment in relation to the risk assumed.
See original
Fidelity launches interest-paying token
The company's asset tokenization follows in the footsteps of other companies such as BlackRock and Franklin Templeton.
Fidelity International, an investment management company, has announced a new step in its foray into the tokenization of real-world assets (RWA) on cryptocurrency networks.
The company has tokenized shares of its money market fund (MMF). This is a type of instrument that invests in short-term assets of high credit quality, such as Treasury bills, government securities, time deposits in banks, commercial paper and repurchase agreements.
Fidelity International, an investment management company, has announced a new step in its foray into the tokenization of real-world assets (RWA) on cryptocurrency networks.
The company has tokenized shares of its money market fund (MMF). This is a type of instrument that invests in short-term assets of high credit quality, such as Treasury bills, government securities, time deposits in banks, commercial paper and repurchase agreements.
See original
URGENT NEWS
😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱
Bitcoin will skyrocket....
as the petrodollar agreement between the United States and Saudi Arabia ends, leading to the adoption of cryptocurrencies. Saudi Arabia's decision not to renew its long-standing petrodollar agreement with the United States represents a fundamental shift in global financial balances. For more than 50 years, the petrodollar system has supported international trade, selling oil only in US dollars. Saudi Arabia's decision to diversify payment methods, including cryptocurrencies and other global currencies such as the euro, yen and yuan, marks a critical moment for global finance. This policy change is not just a political maneuver, but a strategic economic decision in line with Saudi Arabia's vision of reducing economic dependence on the US dollar. Being part of Project mBridge, a China-led cross-border central bank digital currency (#CBDC) trial, underlines the country's commitment to exploring digital currencies for international trade. This move could accelerate the “de-dollarization” trend that is already gaining momentum globally and significantly impact the dominance of the US dollar. As Saudi Arabia opens up to alternative payment methods, Bitcoin and other cryptocurrencies are set to benefit. Bitcoin's decentralized structure and limited supply make it an attractive asset in times of rising inflation and currency depreciation. Crypto analysts emphasize that the termination of the petrodollar agreement could lead to an increase in dollar printing, which could trigger inflation and make Bitcoin a more attractive investment.
$BTC
😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱
Bitcoin will skyrocket....
as the petrodollar agreement between the United States and Saudi Arabia ends, leading to the adoption of cryptocurrencies. Saudi Arabia's decision not to renew its long-standing petrodollar agreement with the United States represents a fundamental shift in global financial balances. For more than 50 years, the petrodollar system has supported international trade, selling oil only in US dollars. Saudi Arabia's decision to diversify payment methods, including cryptocurrencies and other global currencies such as the euro, yen and yuan, marks a critical moment for global finance. This policy change is not just a political maneuver, but a strategic economic decision in line with Saudi Arabia's vision of reducing economic dependence on the US dollar. Being part of Project mBridge, a China-led cross-border central bank digital currency (#CBDC) trial, underlines the country's commitment to exploring digital currencies for international trade. This move could accelerate the “de-dollarization” trend that is already gaining momentum globally and significantly impact the dominance of the US dollar. As Saudi Arabia opens up to alternative payment methods, Bitcoin and other cryptocurrencies are set to benefit. Bitcoin's decentralized structure and limited supply make it an attractive asset in times of rising inflation and currency depreciation. Crypto analysts emphasize that the termination of the petrodollar agreement could lead to an increase in dollar printing, which could trigger inflation and make Bitcoin a more attractive investment.
$BTC
See original
✈️✈️io.net token launch✈️✈️
The io.net token, IO, is scheduled to launch on the Binance Launchpool on June 11 at 12:00 am UTC. 95,000,000 IO tokens will be released, and a maximum supply of 800,000,000 IO tokens will be able to enter circulation.
The timing of Shadid's departure sparked concern that Shadid could “sell” his IO coins at launch and “disappear.”
“It's as suspicious as the DePIN thing,” industry commentator badenglishtea told his 15,300 followers on X.
But Shadid responded to the accusation, stating that his IO tokens are subject to a 4-year lock-up and that no investor, advisor or team member can sell his acquired monthly tokens until June 2025.
Shadid also said he would personally contribute one million IO tokens to the firm's GPU Internet Foundation to “help grow the ecosystem.”
The outgoing CEO did not explain whether he would remain connected to the io.net ecosystem. Cointelegraph contacted io.net but did not receive an immediate response.
More changes to io.net leadership will be announced in the “coming days,” too, according to new CEO Green
Green said the token launch “marks the beginning of a new phase of growth for the network.”
“We remain steadfast in our mission to build the world's largest decentralized AI computing network and expect to focus heavily on acquiring and retaining suppliers and onboarding new customers.”
Io.net has onboarded approximately 20,000 cluster-ready GPUs and is offering end-to-end AI inference and model training workloads to several AI-focused companies, Green explained.
#TopCoinsJune2024 #EarnFreeCrypto2024 #Binance
The io.net token, IO, is scheduled to launch on the Binance Launchpool on June 11 at 12:00 am UTC. 95,000,000 IO tokens will be released, and a maximum supply of 800,000,000 IO tokens will be able to enter circulation.
The timing of Shadid's departure sparked concern that Shadid could “sell” his IO coins at launch and “disappear.”
“It's as suspicious as the DePIN thing,” industry commentator badenglishtea told his 15,300 followers on X.
But Shadid responded to the accusation, stating that his IO tokens are subject to a 4-year lock-up and that no investor, advisor or team member can sell his acquired monthly tokens until June 2025.
Shadid also said he would personally contribute one million IO tokens to the firm's GPU Internet Foundation to “help grow the ecosystem.”
The outgoing CEO did not explain whether he would remain connected to the io.net ecosystem. Cointelegraph contacted io.net but did not receive an immediate response.
More changes to io.net leadership will be announced in the “coming days,” too, according to new CEO Green
Green said the token launch “marks the beginning of a new phase of growth for the network.”
“We remain steadfast in our mission to build the world's largest decentralized AI computing network and expect to focus heavily on acquiring and retaining suppliers and onboarding new customers.”
Io.net has onboarded approximately 20,000 cluster-ready GPUs and is offering end-to-end AI inference and model training workloads to several AI-focused companies, Green explained.
#TopCoinsJune2024 #EarnFreeCrypto2024 #Binance
See original
Scandal
😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱
⛔️io.net CEO left protocol two days before token launch⛔️
Ahmad Shadid, one of the founders of io.net, left the position "effective immediately" but said it was not related to allegations about his past.
Solana-based decentralized infrastructure provider io.net, which allows users to rent their GPU power in exchange for money, replaced its CEO two days before the project's token launch.
Ahmad Shadid, one of the founders of io.net, left his position “effective immediately” and was replaced by the co-founder and former COO; Tory Green.
Solana-based AI project adds GPU offering to create a network that machine learning startups can leverage to access computing power at a fraction of the cost compared to traditional cloud
"While there have been allegations about my past, I want to emphasize that I am stepping down as CEO to allow io.net to move forward without distractions and focus on its growth and success," Shadid posted on X on June 9.
Shadid did not directly address those “allegations,” although critics believe he had misled the community about how many GPU chips io.net actually offers.
The network also suffered a GPU metadata attack on April 28, causing the number of active GPU connections to temporarily drop from 600,000 to 10,000.
#TopCoinsJune2024 #EarnFreeCrypto2024
😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱
⛔️io.net CEO left protocol two days before token launch⛔️
Ahmad Shadid, one of the founders of io.net, left the position "effective immediately" but said it was not related to allegations about his past.
Solana-based decentralized infrastructure provider io.net, which allows users to rent their GPU power in exchange for money, replaced its CEO two days before the project's token launch.
Ahmad Shadid, one of the founders of io.net, left his position “effective immediately” and was replaced by the co-founder and former COO; Tory Green.
Solana-based AI project adds GPU offering to create a network that machine learning startups can leverage to access computing power at a fraction of the cost compared to traditional cloud
"While there have been allegations about my past, I want to emphasize that I am stepping down as CEO to allow io.net to move forward without distractions and focus on its growth and success," Shadid posted on X on June 9.
Shadid did not directly address those “allegations,” although critics believe he had misled the community about how many GPU chips io.net actually offers.
The network also suffered a GPU metadata attack on April 28, causing the number of active GPU connections to temporarily drop from 600,000 to 10,000.
#TopCoinsJune2024 #EarnFreeCrypto2024
See original
The first inhabitant of Bitcoin City left El Salvador
$BTC
Corbin Keegan returned to his native country, the United States, on business, although he hopes to return to El Salvador at the end of the year.
After two years of waiting and without signs of any kind, the first inhabitant of the Bitcoin City of El Salvador, Corbin Keegan, decided to return to his native country, the United States, although he says it is a “momentary” departure.
Keegan, who had been living in a house he built himself on land near where the metropolis was planned to be built, left for the United States to join his family.
Corbin Keegan returned to his native country, the United States, on business, although he hopes to return to El Salvador at the end of the year.
After two years of waiting and without signs of any kind, the first inhabitant of the Bitcoin City of El Salvador, Corbin Keegan, decided to return to his native country, the United States, although he says it is a “momentary” departure.
Keegan, who had been living in a house he built himself on land near where the metropolis was planned to be built, left for the United States to join his family.
See original
Robert Kiyosaki says this:
$BTC
"Bitcoin will cost $350,000 on August 25, 2024 is not a lie. It is a prediction. It is speculation, it is an opinion, but it is not a lie. It is bait for suckers, but it is not a lie because any prediction about The The future is not a lie. I want $350,000 in Bitcoin to be a fact, and I want it to be true... but it's just a prediction.
I'm sure Bitcoin will reach $350,000 sometime in 2024, but for now, it's just a goal. a dream and a wish. I continue to buy more Bitcoin, Ethereum and Solana because I am pretty sure their prices will continue to rise. Why am I so confident?
Is it because I am sure that Bitcoin, Ethereum and Solana? the answer is no'. What I am certain of is the incompetence of our leaders, President Biden, Treasury Secretary Yellen, and Federal Reserve Chair Powell. Those three are the Three Stooges in real life and I'm sure, I'm very confident in their incompetence. plus Gold, Silver, Bitcoin, Solana and Ethereum. Protect yourself from the 3 Stooges."
Now, what are you waiting for to buy Solana and ETH? Go buy now!!!
#BTC
#Robert.Kiyosaki
$BTC
"Bitcoin will cost $350,000 on August 25, 2024 is not a lie. It is a prediction. It is speculation, it is an opinion, but it is not a lie. It is bait for suckers, but it is not a lie because any prediction about The The future is not a lie. I want $350,000 in Bitcoin to be a fact, and I want it to be true... but it's just a prediction.
I'm sure Bitcoin will reach $350,000 sometime in 2024, but for now, it's just a goal. a dream and a wish. I continue to buy more Bitcoin, Ethereum and Solana because I am pretty sure their prices will continue to rise. Why am I so confident?
Is it because I am sure that Bitcoin, Ethereum and Solana? the answer is no'. What I am certain of is the incompetence of our leaders, President Biden, Treasury Secretary Yellen, and Federal Reserve Chair Powell. Those three are the Three Stooges in real life and I'm sure, I'm very confident in their incompetence. plus Gold, Silver, Bitcoin, Solana and Ethereum. Protect yourself from the 3 Stooges."
Now, what are you waiting for to buy Solana and ETH? Go buy now!!!
#BTC
#Robert.Kiyosaki
See original
What are the preferred memecoins in Latin America?
Hongyi Tang, regional manager in Latam at TruBit, provided details about the preferred memecoins
Memecoins have captured the interest of many investors around the world and, above all, in inflationary markets such as those of Latin America. This has allowed the cryptocurrencies that began as memes to be positioned today with large market capitalizations and great acceptance by users. This was stated by Hongyi Tang, regional manager in Latam at TruBit
"DOGE is the undisputed king in the Latin American market, followed by Pepe, Shiba Inu, Meme and Bonk," said Tang. $DOGE
Memecoins have captured the interest of many investors around the world and, above all, in inflationary markets such as those of Latin America. This has allowed the cryptocurrencies that began as memes to be positioned today with large market capitalizations and great acceptance by users. This was stated by Hongyi Tang, regional manager in Latam at TruBit
"DOGE is the undisputed king in the Latin American market, followed by Pepe, Shiba Inu, Meme and Bonk," said Tang. $DOGE
See original
The Binance platform that reached #200M users
And not even for that reason do I give us even 1 USD to each user 🫣😄☺️🤪
It is considered the first platform to reach this number in the field of currencies.
Today @Binance celebrates this great day
Congratulations from the whales, from all the followers and from all the users 🔥🎉
Thanks #Binance #200M
And not even for that reason do I give us even 1 USD to each user 🫣😄☺️🤪
It is considered the first platform to reach this number in the field of currencies.
Today @Binance celebrates this great day
Congratulations from the whales, from all the followers and from all the users 🔥🎉
Thanks #Binance #200M
See original
😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱😱
Memecoin 'GME' Soared 150%
🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
The GME memecoin could see a significant correction, similar to the dramatic drop Dogecoin experienced after Elon Musk's appearance on SNL
The Solana-based GME coin (GME), a memecoin that pays homage to the 2021 GameStop short squeeze and not to be confused with GME stock, has surged over 150% in the past 24 hours to reach $0.029 on the 7th of June.
Interestingly, the price exploded after Keith Gill aka Roaring Kitty announced his return to YouTube on June 7 after a three-year hiatus.
The memecoin GME soars 750% in one week💎💎💎💎
Gill was a central figure in the original 2021 GameStop short squeeze saga, and his recent online activity has reignited interest in GameStop-related investments. For example, GME cryptocurrency prices have risen more than 730% since June 2, when Gill revealed that he has started trading the shares of the original video game retailer GameStop again.
The stock has also risen in value after Gill's revelation, rising more than 110% since June 2.
Gill's YouTube announcement lacked specific details about the topics of discussion or whether he plans to disclose new investment positions. However, he has ignited widespread speculation about his optimism about GameStop stock.
#TopCoinsJune2024 #EarnFreeCrypto2024 #Binance
Memecoin 'GME' Soared 150%
🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
The GME memecoin could see a significant correction, similar to the dramatic drop Dogecoin experienced after Elon Musk's appearance on SNL
The Solana-based GME coin (GME), a memecoin that pays homage to the 2021 GameStop short squeeze and not to be confused with GME stock, has surged over 150% in the past 24 hours to reach $0.029 on the 7th of June.
Interestingly, the price exploded after Keith Gill aka Roaring Kitty announced his return to YouTube on June 7 after a three-year hiatus.
The memecoin GME soars 750% in one week💎💎💎💎
Gill was a central figure in the original 2021 GameStop short squeeze saga, and his recent online activity has reignited interest in GameStop-related investments. For example, GME cryptocurrency prices have risen more than 730% since June 2, when Gill revealed that he has started trading the shares of the original video game retailer GameStop again.
The stock has also risen in value after Gill's revelation, rising more than 110% since June 2.
Gill's YouTube announcement lacked specific details about the topics of discussion or whether he plans to disclose new investment positions. However, he has ignited widespread speculation about his optimism about GameStop stock.
#TopCoinsJune2024 #EarnFreeCrypto2024 #Binance
See original
Willy Woo anticipates 3 bullish weeks for the price of bitcoin
$BTC
Bitcoin on-chain volume data indicates the price has room to rise before encountering its historical resistance.
According to renowned analyst Willy Woo, there are positive signs that portend higher prices for bitcoin (BTC) in the short term.
“Bitcoin probably has between 1 and 3 more weeks of bullish momentum,” warns the specialist. Base this projection mainly on historical on-chain volume data, according to the indicator called the VWAP oscillator.
Bitcoin on-chain volume data indicates the price has room to rise before encountering its historical resistance.
According to renowned analyst Willy Woo, there are positive signs that portend higher prices for bitcoin (BTC) in the short term.
“Bitcoin probably has between 1 and 3 more weeks of bullish momentum,” warns the specialist. Base this projection mainly on historical on-chain volume data, according to the indicator called the VWAP oscillator.
See original
🥲🥲🥲Litecoin and euro: how much do they open the price for today, Saturday, June 8🤑🤑🤑
$LTC
These are the fundamental information that you must pay attention to in relation to the evolution of this asset.
This Saturday, June 8, 2024 in Spain, the price of Litecoin and the euro at the opening of the markets is 86.42 euros. The sum of this currency reflects a variation of -0.95% compared to yesterday.
In the last week, the price of the Litecoin cryptocurrency has experienced a decrease of 3.83%, indicating a downward trend in the short term. However, in the last year, its price variation has been 24.53%, which suggests a significant increase in its long-term value. This shows that, despite fluctuations in the market, Litecoin has managed to maintain a positive and profitable evolution for its investors.
In the last 3 days, the price of Litecoin has experienced a positive trend, constantly increasing its value. This indicates that investors have shown greater interest in this cryptocurrency, which has led to an increase in its price. On the other hand, in relation to the euro, in the last 3 days a stable trend has been observed, without major changes in its value. This indicates that the market has maintained a neutral stance towards this currency, without showing a clear preference for buying or selling euros.
The variation of Litecoin during the last year
Litecoin's last week economic volatility, at 34.48%, is lower than the yearly volatility of 56.07%. This indicates that its behavior has been much more stable in the last year
$LTC
These are the fundamental information that you must pay attention to in relation to the evolution of this asset.
This Saturday, June 8, 2024 in Spain, the price of Litecoin and the euro at the opening of the markets is 86.42 euros. The sum of this currency reflects a variation of -0.95% compared to yesterday.
In the last week, the price of the Litecoin cryptocurrency has experienced a decrease of 3.83%, indicating a downward trend in the short term. However, in the last year, its price variation has been 24.53%, which suggests a significant increase in its long-term value. This shows that, despite fluctuations in the market, Litecoin has managed to maintain a positive and profitable evolution for its investors.
In the last 3 days, the price of Litecoin has experienced a positive trend, constantly increasing its value. This indicates that investors have shown greater interest in this cryptocurrency, which has led to an increase in its price. On the other hand, in relation to the euro, in the last 3 days a stable trend has been observed, without major changes in its value. This indicates that the market has maintained a neutral stance towards this currency, without showing a clear preference for buying or selling euros.
The variation of Litecoin during the last year
Litecoin's last week economic volatility, at 34.48%, is lower than the yearly volatility of 56.07%. This indicates that its behavior has been much more stable in the last year
See original
Earn millions with hidden gems 💎
Dexscreener is the easiest tool to find hidden gems! These secrets will help you discover memeco.
Dexscreener is a platform where you can discover an incredible number of hidden gems at an early stage.
People use it to see the prices of new tokens, liquidity pools, and more, but with the right filtering, you can find something even better.
The most important skill here is understanding how to filter in the "New Pairs" section.
By default, it shows the latest pairs with the highest trading volumes. We don't need all of them; It may seem confusing, but I will explain everything now.
Dexscreener is a platform where you can discover an incredible number of hidden gems at an early stage.
People use it to see the prices of new tokens, liquidity pools, and more, but with the right filtering, you can find something even better.
The most important skill here is understanding how to filter in the "New Pairs" section.
By default, it shows the latest pairs with the highest trading volumes. We don't need all of them; It may seem confusing, but I will explain everything now.
See original
5 stablecoins will compete for the place left by USDT in Europe
With the entry into force of MiCA, European authorities hope that stablecoins pegged to the euro will replace tether trading
With the imminent entry into force of the Regulation for the Cryptoasset Market (MiCA), a series of rules are being implemented for the stablecoin ecosystem, which seek to promote currencies anchored to the euro, above those backed by dollars.
The repercussions of these measures are already evident with the very probable departure of tether (USDT) from the European Union, starting next July. The popular dollar-pegged stablecoin has, until now, dominated the region's market.
With the imminent entry into force of the Regulation for the Cryptoasset Market (MiCA), a series of rules are being implemented for the stablecoin ecosystem, which seek to promote currencies anchored to the euro, above those backed by dollars.
The repercussions of these measures are already evident with the very probable departure of tether (USDT) from the European Union, starting next July. The popular dollar-pegged stablecoin has, until now, dominated the region's market.
See original
Worldcoin (WLD) price recovers ground after agreement was announced in Spain
$WLD
After it became known that Worldcoin called a truce in Spain, the price of its token, WLD, experienced a new rise. Now, the currency is approaching the $5 barrier without being able to overcome it at the moment. However, this new bullish movement should not be completely interpreted as the beginning of a larger rally.
It should not be overlooked that this project faces problems with regulators around the world, which makes a bullish outlook difficult. Recently, Hong Kong authorities ordered the protocol to immediately stop its operations within that Chinese jurisdiction.
After it became known that Worldcoin called a truce in Spain, the price of its token, WLD, experienced a new rise. Now, the currency is approaching the $5 barrier without being able to overcome it at the moment. However, this new bullish movement should not be completely interpreted as the beginning of a larger rally.
It should not be overlooked that this project faces problems with regulators around the world, which makes a bullish outlook difficult. Recently, Hong Kong authorities ordered the protocol to immediately stop its operations within that Chinese jurisdiction.
See original
Bitcoin Advance: Will Regulatory Uncertainty Slow It Down?
$BTC
Collaboration between the crypto sector and regulators is essential for an effective and adaptable regulatory framework.
Clear and stable regulation is a critical factor for economic development and social stability. By providing a set of predictable rules, people can plan ahead, make long-term investments, and operate within a framework of legal certainty. This, in turn, fosters an environment of trust between consumers and investors, which is essential for sustainable economic growth. In addition, clarity in regulation helps avoid misunderstandings and legal conflicts, which contributes to a calmer and orderly business climate.
Collaboration between the crypto sector and regulators is essential for an effective and adaptable regulatory framework.
Clear and stable regulation is a critical factor for economic development and social stability. By providing a set of predictable rules, people can plan ahead, make long-term investments, and operate within a framework of legal certainty. This, in turn, fosters an environment of trust between consumers and investors, which is essential for sustainable economic growth. In addition, clarity in regulation helps avoid misunderstandings and legal conflicts, which contributes to a calmer and orderly business climate.
See original
Professional Bitcoin traders recently reduced their bullish bets
$BTC
To understand whether whale sentiment has been affected by the rejection of the $72,000 price resistance, one must analyze the data from the BTC futures markets. The ratio of long and short positions of professional traders consolidates positions through futures contracts in the spot, perpetual and monthly markets.
A higher ratio favors long positions (buy), while the opposite indicates that professional traders are favoring short contracts (sell).
On Binance, the current ratio of long to short positions stands at 1.35, a less optimistic stance compared to a week earlier on May 31, when the indicator stood at 1.58, favoring long positions. Similarly, OKX professional traders are now less bullish compared to May 31, as the ratio of long to short positions fell to 1.22 from 1.79. On average, the indicator fell to its lowest level in more than two weeks, which is somewhat worrying, but in absolute terms, it still favors bullish bets.
However, other indicators, such as the stablecoin premium in China, show a modest increase in demand from retail traders. Excessive retail flow typically causes the stablecoin premium to soar above 1.5%, while in bear markets they trade at a discount.
The USDC premium in China has remained at levels just above the 1% neutral threshold, completely ignoring the BTC price correction on June 7. From one perspective, bulls can take comfort in knowing that neither whales nor retail traders are panic selling. This data supports the idea that the long-to-short ratio of top Bitcoin traders could eventually improve as support at $69,000 demonstrates its strength.
#Binance #EarnFreeCrypto2024
$BTC
To understand whether whale sentiment has been affected by the rejection of the $72,000 price resistance, one must analyze the data from the BTC futures markets. The ratio of long and short positions of professional traders consolidates positions through futures contracts in the spot, perpetual and monthly markets.
A higher ratio favors long positions (buy), while the opposite indicates that professional traders are favoring short contracts (sell).
On Binance, the current ratio of long to short positions stands at 1.35, a less optimistic stance compared to a week earlier on May 31, when the indicator stood at 1.58, favoring long positions. Similarly, OKX professional traders are now less bullish compared to May 31, as the ratio of long to short positions fell to 1.22 from 1.79. On average, the indicator fell to its lowest level in more than two weeks, which is somewhat worrying, but in absolute terms, it still favors bullish bets.
However, other indicators, such as the stablecoin premium in China, show a modest increase in demand from retail traders. Excessive retail flow typically causes the stablecoin premium to soar above 1.5%, while in bear markets they trade at a discount.
The USDC premium in China has remained at levels just above the 1% neutral threshold, completely ignoring the BTC price correction on June 7. From one perspective, bulls can take comfort in knowing that neither whales nor retail traders are panic selling. This data supports the idea that the long-to-short ratio of top Bitcoin traders could eventually improve as support at $69,000 demonstrates its strength.
#Binance #EarnFreeCrypto2024
See original
Have Bitcoin traders lost hope after the recent price drop?
Bitcoin derivatives markets show less appetite for bullish positions. Is BTC price at risk?
$BTC
Bitcoin briefly flirted with the $72,000 resistance on June 7, but its intraday gains quickly evaporated, sending the cryptocurrency down to $69,000. More worryingly, two indicators, including the long-to-short ratio of top traders on exchanges, suggest that Bitcoin investors are becoming less optimistic. Is the Bitcoin bull market coming to an end, at least in the short term?
$BTC
Bitcoin briefly flirted with the $72,000 resistance on June 7, but its intraday gains quickly evaporated, sending the cryptocurrency down to $69,000. More worryingly, two indicators, including the long-to-short ratio of top traders on exchanges, suggest that Bitcoin investors are becoming less optimistic. Is the Bitcoin bull market coming to an end, at least in the short term?
See original
Post-halving economy and the challenge for Bitcoin miners
$BTC
Concerns around miner difficulty, high network fees, and the profitability of miners on the Bitcoin network have become more relevant post-halving.
The block reward reduction from 6.25 to 3.125 BTC at the end of April has significantly impacted miners' profits.
Bitfarms reported a 42% drop in mining revenue during the month of May, the first full month since the last halving event. The Bitcoin mining company revealed in its month-end report that 156 BTC was earned in the month of May compared to 269 BTC in April.
Concerns around miner difficulty, high network fees, and the profitability of miners on the Bitcoin network have become more relevant post-halving.
The block reward reduction from 6.25 to 3.125 BTC at the end of April has significantly impacted miners' profits.
Bitfarms reported a 42% drop in mining revenue during the month of May, the first full month since the last halving event. The Bitcoin mining company revealed in its month-end report that 156 BTC was earned in the month of May compared to 269 BTC in April.
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Trending Topics
IOprediction
2.7M views
1,780 Posts
Binance Introduces IO.NET (IO) on Binance Launchpool
Binance News
28 Likes
8.4k views
Binance200M
7.9M views
5,296 Posts
TopCoinsJune2024
13.6M views
6,883 Posts
