On the 16th-17th, the income was 11K $BTC , which is $740 million in total. 5 days in a row, investors continue to replenish the Bitcoin ETF! 💰
The rate is held on this positive fuel. Bitcoin almost approached $70,000, or more precisely touched $69,000.
Due to the high interest in the asset and market uncertainty, we immediately encounter a seller, based on this, we can assume a repeated test of the long-term descending channel in the region of $65,000.
The US elections are approaching, and since Trump continues to occupy a leading position, traders feel the possibility of continued growth and reaching a new ATH.
Many are wondering if $BTC will be able to break the 70'000 mark. However, we have already recorded the maximum value of the current week, and it is critical how trading opens on Monday, as this will determine the further dynamics of the market. #LONG vs #SHORT
Consolidation near $68,000 continues, we have been brought back to resistance again, but we do not see a quick continuation and expect to see the price in the $65,000 range.
‼️ Over the past few days, more than 65,000 $BTC have entered the exchanges, 4 billion per minute, which indicates increased activity and possible manipulation.
A decline and hold of $65,000 will confirm and direct the price to new heights.
We are currently holding a truly significant resistance, and the ATH of BTC is located at $73,780.
At the moment, the trend in the market is as follows: BTC is growing ~ alt is falling; BTC is falling ~ alt is falling.
Bitcoin has reached $68,000, a retest of the long-term downward channel is likely, as the seller's reaction is visible, which can return the price to trading in the $65,000 range, where the further direction of the market will be decided.
Bitcoin has literally turned everything upside down, namely the overflow of deposits from altcoins to $BTC sent most of the market to #SHORT .
Now is definitely the time of BTC and its close altcoins, which are of equal interest to traders.
At the moment, #SHORT TIME dominates the market and we expect a decline to the specified area.
Greed in the market has reached high values, namely 71 points out of 100, which means excessive confidence of players and the need for a correction.
#Tether #Crypto #News USDT stablecoin is already used by 330 million crypto wallets and on-chain accounts! This was reported by the issuer Tether, noting that this figure does not include users on centralized exchanges, who are estimated at several tens of millions more 📈. The third quarter of 2024 was a record for the company, 36.25 million new users were added 🚀 With each new user, crypto penetrates our daily lives faster and deeper and becomes part of the global economy 🌍
In just a few days, the Fear and Greed Index has changed its tune dramatically, now the market is in a state of greed 📈
$BTC confidently holds at $67,000, demonstrating its strength 🚀
Altcoins are waiting in anticipation, hoping for a decrease in Bitcoin dominance to gain an opportunity to grow and fulfill their potential. Volatile and dynamic times in the market, let's watch the development! 👀
California-based fintech startup Ripple has announced the launch of its own stablecoin Ripple USD (RLUSD) in partnership with global cryptocurrency platforms!
RLUSD operates on two blockchains at once XRP Ledger and Ethereum and is fully pegged to the US dollar exchange rate 💵.
The stablecoin meets all regulatory requirements🔒. Ripple's partners in the launch of RLUSD include such well-known players as Bitstamp, Bitso and MoonPay.
We collected everything we could! $BTC Up to $67'900, all #SHORT players were shaved off and liquidations amounted to 139 million.
However, today we also walked over the heads of all #LONG holders and in total collected 173 million.
While we are holding $65'000 as a priority, we still have a move to $70'000, and liquidity has also begun to accumulate in the $62'000 area ~ these are the two zones that are of interest to the minermaker
The Kenya Revenue Authority is rolling out a new monitoring system that will allow it to track cryptocurrency transactions in real time 🔍💰.
Since 2022, the country's crypto trading volume has exceeded 2.4 trillion Kenyan shillings ($18.6 billion), significantly more than fiat transactions through banks.
The system will now be integrated with exchanges and trading platforms to record every transaction, date, time, type, and amount 💳📊.
This is a major step in the fight against tax evasion in the crypto space, but will citizens be happy with it?
Dominance $BTC continues to remain at high levels.
A repeated rise to the 59.5% mark may have a negative impact on altcoins. Consolidation in the ascending wedge in the 42-59% range has been going on for 590 days.
📌 If you look at the long-term chart, a breakout of the ascending wedge is expected downwards.
Soon we will wait for the beginning of the descent and marks below 55%, because they are already on the horizon.
The Sui Foundation, behind the $SUI cryptocurrency, has denied allegations that it sold $400 million worth of coins during its recent price surge. The statement said that neither the foundation's employees, nor the Mysten Labs team (including the founders), nor investors made any such sales.
"No insiders were involved in violating the lockup or circulating supply rules," the foundation said. 🔒
Tether, the issuer of the largest stablecoin USDT, plans to offer USDT loans to companies engaged in commodity trading! 💰 According to Bloomberg, Tether is already in talks with several interested firms.
More great news for the crypto market - everything is moving forward! 🚀🌟
On October 14, spot Bitcoin ETFs raised an impressive $555.9 million, a record since June! 🚀📈 Interest in such funds is at its peak again, as confirmed by data from SoSoValue. The crypto market continues to gain momentum! 💰✨
#News #Crypto UAE Central Bank takes another step towards a digital future and launches a dirham-based stablecoin! 💰 AE Coin has received preliminary approval for release and if all goes according to plan, it will soon become the new unit of account for trading pairs on CEX and DEX, as well as for payments at merchants. It seems like the Emirates surprises us every day, one good news after another! 😎🌟
#NEWS #BTC Larry Fink Declares $BTC Asset Class Rivals Gold in Investment Potential!
The CEO of the world's largest asset manager has highlighted the growing legitimacy of $BTC as an investment, calling it an alternative to commodities like gold.
"We believe Bitcoin is an asset class in its own right" Greater adoption and liquidity will drive the market expansion. With the firm's Bitcoin ETF hitting $23 billion in inflows, he predicted further growth for digital assets and the transformative potential of blockchain in global finance.