Founder of US Investment Company Announces Date for Bitcoin (BTC) to Rise!
How many dollars can Bitcoin reach after Donald Trump wins the election?
Michael Terpin, founder of American investment fund Transform Ventures, said that October and November are historically good months for the leading cryptocurrency Bitcoin (BTC). Terpin thinks that Bitcoin will exhibit upward movements in these months.
According to Michael Terpin, if Republican candidate Donald Trump wins the US presidential election, the Bitcoin (BTC) price will reach $ 100,000.
Michael Terpin emphasized that historically the leading cryptocurrency has lost value in the first six months after the halving and this fifth cycle is no exception. Terpin, who made a statement about the upcoming process, said the following:
“The bull market will continue in the traditional four-year cycle line for the next 60 days. Bitcoin will make a solid rise in October and November.”
According to the founder of Transform Ventures, the announcement by the Bank of Japan that it will not raise interest rates and Jump Trading's announcement that it has stopped selling crypto have made Bitcoin's chances of falling below $50,000 again zero.
According to Terpin, investors are once again convinced that Bitcoin is a medium- and long-term profitable tool, with the rapid recovery following the recent declines.
BREAKING NEWS: Elon Musk Shared Dogecoin's (DOGE) Dead Mascot Kaboso!
Elon Musk, one of the richest businessmen in the world, recently shared Dogecoin's (DOGE) mascot dog Kaboso. As of today, Kaboso passed away from leukemia and liver failure.
The gorilla in the picture actually has a story. For those who don't know and have forgotten...
“The killing of Harambe is the incident that took place at the Cincinnati Zoo and Botanical Garden on May 28, 2016, and the gorilla named Harambe was killed when a child entered his cage. A three-year-old boy climbed over the bars and entered a gorilla cage. Harambe, a 17-year-old western lowland gorilla, grabbed the boy and dragged him away. A zoo employee, thinking the child's life was in danger, shot Harambe to death. The images spread rapidly on the internet and created debate about whether Harambe should be killed or not. Primatologist and environmentalist Jane Goodall; "He stated that the incident was a result of the child falling into the cage and that he believes zoos need to have better security."
Source:Wikipedia Harambe coin rose 5% after this tweet.
Crypto Whale Accumulates This Memecoin on Binance!
The interest of large crypto investors in PEPE continues.
PEPE, one of the popular memecoins of the cryptocurrency sector, experienced very sharp increases in the first 3 months of this year. As a result of these giant leaps, many crypto investors added PEPE to their portfolios. As the process progressed, PEPE, like other altcoins in the sector, experienced serious declines.
It has been seen that the interest of crypto whales in PEPE continues recently. Large investors are still buying new PEPE at every opportunity.
“2 wallets (probably belonging to the same person) withdrew 828.64 billion PEPE (worth $6.18 million) from Kraken 8 hours ago. This whale sold $500 billion worth of PEPE 3 days ago at $0.000008 and has now bought 828.64 billion worth of PEPE at a lower price of $0.0000074.
The whale currently owns 1.33 trillion PEPE (worth $9.93 million) but still has a $3.3 million loss on PEPE.
At the time of writing, PEPE is trading at $0.0000749. We will see if PEPE, which has been falling for the last 4 weeks, can rise next week.
Popular Crypto Analyst: If History Repeats, Bitcoin (BTC) Will Rise Sharply!
Bitcoin (BTC) may trade between $55,000 and $70,000 until October.
According to popular crypto analyst Matthew Hyland, the price chart of the leading cryptocurrency Bitcoin (BTC) is forming formations seen in previous election years in the US. Hyland thinks that BTC could soon reverse its loss of momentum significantly.
The successful analyst believes that the recent widening consolidation and subsequent decline (Bitcoin falling below $50,000 in early August) are almost identical to the pre-US presidential elections in 2012, 2016 and 2020.
“I will go back to August 2012, there was a big crash right there (just like the recent declines). Then we slowly moved towards the election and had a big rise after the election.
“I expect this kind of path in Bitcoin (BTC) again. A little choppy, nothing too crazy. Then we will probably break out of this range in October and November and start our sharp increases.”
Hyland, who thinks that the leading cryptocurrency Bitcoin (BTC) will move between $55,000 and $70,000 in the coming period, believes that the expected increases will occur with the break of this range.
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Why PEPE and These Altcoins Could Rise After the Recent Bitcoin Crash
PEPE price has been flashing buy signals according to on-chain metrics following the recent Bitcoin crash. Pepe and these 2 coins could see a major comeback if BTC recovers.
Bitcoin’s drop below $60,000 this week has created fear, uncertainty, and doubt (FUD) among market participants. While the current consolidation trend does not show any clear signs of a bottom forming, altcoins such as Polygon (MATIC), Pepe coin (PEPE), and Cardano (ADA) that are also oversold have high potential for a price reversal
Usually, long-term investors accumulate in these areas as the risk of further sell-offs is minimized. Therefore, these tokens have the highest probability of a comeback if the crypto market recovers.
Frog-themed meme coin PEPE witnessed a significant drop from $0.0000088 to $0.00000728, recording a weekly loss of 17.2%. The falling price is likely to seek support at the wedge pattern at $0.00000645 before the next recovery bounce.
If the expected Bitcoin drop below $55000 fails, PEPE price may recover and break the dynamic resistance. Breakout of bull market will accelerate bullish momentum and target $0.000013 and project potential growth of 82% from current price #kriptohaber24
Kripto Balinaları, Bu Popüler Memecoin’de Yüklü Satışlar Gerçekleştiriyor!
Büyük yatırımcılar yavaş yavaş PEPE'den uzaklaşmaya başladı.
Kripto para sektörünün popüler memecoin‘lerinden olan PEPE, son dönemde yoğun bir satıcı baskısı ile karşı karşıya kaldı. 2024 yılının ilk aylarında devasa yükselişler gerçekleştiren PEPE, şuan itibariyle ise bu yükselişlerini korumak için mücadele veriyor gibi gözükmekte. Başarılı bir veri sağlayıcısı olan Look On-Chain ise kısa bir süre önce PEPE satışı yapan kripto balinaları keşfetti ve X/Twitter hesabı üzerinden konu ile ilgili şu bilgileri aktardı:
Piyasa çöktüğünde 420 milyar adet PEPE (3,13 milyon dolar değerinde) satın alan bir balina, 30 dakika önce bu varlıkları sattı Balina, 5 Ağustos ve 12 Ağustos’ta 420 milyar adet PEPE satın almak için 3,13 milyon adet USDT harcadı. 30 dakika önce ise hepsini 3,16 milyon adet USDC’ye sattı ve bu ticaretten yalnızca 30 bin dolar kar elde etti. “Farklı bir kripto balinası ise 15 dakika önce zararına 500 milyar adet PEPE (4 milyon dolar değerinde) sattı. Bu balina, yüksek fiyatlardan Kraken üzerinden 750,38 milyar adet PEPE (8,34 milyon dolar değerinde) biriktirmişti. 15 dakika önce ise Kraken’e satış yapmak için 500 milyar adet PEPE (4 milyon dolar değerinde) yatırdı ve geriye 250,33 milyar adet PEPE’si (2,02 milyon dolar değerinde) kaldı. Bu kripto balinası PEPE ticaretinden toplamda 2,3 milyon dolardan fazla zarar etti.” Önümüzdeki süreçte kripto balinalarının PEPE satışlarının devam etmesi, popüler memecoin’de ani düşüşlerin yaşanmasını tetikleyebilir.
BREAKING NEWS: 🔥 Consumer Inflation Announced in the US!
Producer inflation (TFE) data in the US was announced below expectations.
The United States (US), shown as the world's largest economy, deeply affects traditional financial markets and the cryptocurrency sector. As of today, all eyes in the money markets were again on the data to come from the US. Producer inflation data in the US, which the FED is also following closely, was announced in the past minutes. Here are the latest US TFE data:
US inflation data, which the FED is closely following, was announced.
US Annual Consumer Price Index (CPI): Previous: 3.0% Expected: 3.0% Accounted: 2.9%
US Monthly Consumer Price Index (CPI): Previous: -0.1% Expected: 0.2% Accounted: 0.2%
US Annual Core Consumer Price Index (CPI): Previous: 3.3% Expected: 3.2% Accounted: 3.2%
US Monthly Core Consumer Price Index (CPI): Previous: 0.1% Expected: 0.2% Accounted: 0.2%
The annual inflation rate in the US has fallen below 3% for the first time since March 2021, reaching levels of 2%.
Market Experts Evaluate US Inflation Data and Ethereum (ETH)!
Experts stated in the latest report that they are waiting for data from the US.
QCP Capital, which has recently come to the agenda of the cryptocurrency sector with many successful predictions, continues to share daily reports. QCP Capital analysts, who shared a new market report as of today, drew attention to US inflation data.
Experts, who stated that traditional financial markets and the cryptocurrency sector are waiting for data from the US, mainly included the following information in the latest report:
Japanese stock prices returned to pre-crash levels today.
However, investors continue to be cautious ahead of the US CPI data to be announced this week. Investors will closely follow inflation figures to get guidance on whether the FED will cut interest rates by 50 or 25 basis points in September. The possibilities are currently equal. Ethereum spot ETFs saw cumulative inflows exceed $901 million after the net inflow yesterday.
Grayscale, in particular, reported zero outflows for the first time. This has provided strong support for the ETH price. These developments could be a catalyst for a more significant recovery for ETH.
BREAKING NEWS 🔥 Producer Inflation Announced in the USA! Is It Good or Bad for Bitcoin?
The United States (US), shown as the world's largest economy, deeply affects traditional financial markets and the cryptocurrency sector.
As of today, all eyes in the money markets are again on the data to come from the USA. Producer inflation data in the USA, which is closely followed by the FED, was announced in the past minutes. Here are the latest US PPI data:
US Annual Producer Price Index (PPI): Previous: 2.7% Expected: 2.3% Revealed: 2.2%
US Monthly Producer Price Index (PPI): Previous: 0.2% Expected: 0.2% Revealed: 0.1%
US Annual Core Producer Price Index (PPI): Previous: 3.0% Expected: 2.7% Revealed: 2.4%
US Monthly Core Producer Price Index (PPI): Previous: 0.3% Expected: 0.2% Revealed: 0.0%
Producer inflation data in the US was announced below expectations. This data can be interpreted positively for Bitcoin (BTC) and altcoins.
The leading cryptocurrency Bitcoin (BTC) increased to $59,195 at the first moment the data was announced. In the following minutes, these increases could not continue their continuity.
HOT DEVELOPMENT: US Presidential Candidate Harris' Aides Attended Bitcoin (BTC) Meeting!
Is Kamala Harris Changing Her Mind About the Cryptocurrency Sector?
All eyes are on the US presidential elections in the cryptocurrency sector and traditional financial markets. Although Donald Trump seems to be ahead in the polls, it seems that Kamala Harris is not far behind.
Although Donald Trump has made many crypto-friendly moves, Harris's stay away from the crypto sector is causing crypto investors to show more interest in Trump.
SPECIAL NEWS: Treasury Deputy Secretary Wally Adeyemo and Kamala Harris' former senior advisor Kristine Lucius attended the crypto meeting organized by Ro Khanna today.
Mark Cuban and Ron Conway also attended the meeting. Anita Dunn did not attend this meeting.
It seems that US Presidential Candidate Kamala Harris' crypto-friendly steps in the coming days could inflame the crypto market.
BREAKING NEWS: US Unemployment Data Announced! Is It Good or Bad for Bitcoin?
The United States (US), known as the world's largest economy, can guide financial markets. In the past minutes, some economic data closely followed by the US Federal Reserve (FED) were announced.
The FED has been shaping monetary policy according to employment data for a while. Here are the latest US economic data that may affect the decisions the FED will make:
The latest US economic data has reduced concerns about a recession in the US. This development has had a positive impact on the leading cryptocurrency Bitcoin (BTC).
BTC, which rose from $57,000 to $58,500 in an instant after the US economic data, gained 2.5% in value in a short time, causing altcoins to increase.
Donald Trump's Son: We Will Shake the Crypto World with a Major Innovation!
Donald Trump's son supports the cryptocurrency sector.
Traditional financial markets and cryptocurrency investors are wondering which candidate will win the US presidential elections. Although US Presidential Candidate Donald Trump is one step ahead in the election, Kamala Harris's chances of winning also seem quite high. Donald Trump has gained the trust of cryptocurrency investors with the statements he has shared. Describing himself as the "cryptocurrency president", Trump even spoke at the Bitcoin Conference recently.
We are preparing to shake the crypto world with a major innovation. Decentralized finance is the future, don't be left behind.
Apart from this post in the last minutes, Donald Trump's sons have been making such statements for a while. Here are the latest posts from the Trump family Big things are coming for the architecture of the future!!! "I really fell in love with Crypto/DeFi. Stay tuned for a big announcement..."
Bitcoin Investors Attention: FED Manager Speaks About Interest Rates!
Chicago FED President Austan Goolsbee made a new speech.
It is seen that there have been very sharp declines in the money markets in the recent period, including today. The leading cryptocurrency Bitcoin (BTC) and altcoins also had their share of these declines. Crypto assets have still failed to recover.
Important analysts of money markets began to pressure the US Federal Reserve (FED) to reduce interest rates and print money after the recent crashes.
Recently, Chicago FED President Austan Goolsbee appeared before CNBC cameras and said the following about interest rates:
Employment figures were lower than expected, but do not yet indicate a recession.
The FED needs to be forward-looking when making decisions. We expected some weakness in the manufacturing sector due to the effects of the pandemic.
Economic growth continues at a stable level. On the other hand, GDP data came slightly stronger than expectations.
The stock market has much more volatility than the Fed. Asked about an emergency interest rate cut, Goolsbee said: "Everything is always on the table, including increases and reductions."
If the economy gets worse, the Fed fixes it. I have been saying for some time that we are in a balanced risk position.
We must respond to circumstances in general; Inflation has fallen a lot and employment is in a relatively good place.
The Fed can expect more data before its September meeting.
If stock market movements signal to the FED that growth will slow down in the long term, we must react.
Market Experts Commented on the Latest Drops in Bitcoin (BTC)!
What is the reason for the recent declines in the cryptocurrency industry?
This week, the market sharply reversed the rallies triggered by Trump in the crypto sector, causing the BTC price to retreat from a post-speech high of $70,000 to almost $60,000 this morning. Here are the reasons for the recent decline in the crypto market: The market experienced significant BTC supply immediately after Trump's speech. US Government (28,000 BTC), Mt.Gox distribution (33,960 BTC), Genesis creditor distribution (1.5 billion USD in BTC and ETH)
Mining difficulty reached an all-time high with a 10.5% increase, which naturally increased the pressure on miners to sell.
Macroeconomic negativities resulting from the high unemployment rate (actual 4.3%, expected 4.1%) had repercussions on crypto and led to increased expectations of recession in the future. The VIX rose above 28 today, the highest level since the regional banking crisis in March 2023.
Apart from these developments, the conflicts between Israel and Iran had a very bad impact on the cryptocurrency industry as well as the traditional financial markets.
Grayscale Started Sending Ethereum (ETH) to Coinbase as the US Market Opened!
Grayscale continues its Ethereum (ETH) transfers on the new day.
Grayscale, which started issuing ETH as soon as Spot Ethereum ETFs were approved, seems to have not been idle today. Grayscale recently made ETH transfers with the opening of the US markets.
Grayscale, which sent a total of 97 thousand Ethereum (over 300 million dollars worth) to Coinbase Prime, seems to be able to continue these transfers in the coming hours. Our readers should remember that as long as Grayscale's selling pressure on Ethereum (ETH) continues, bears will dominate the crypto market.
HOT DEVELOPMENT 🔥 Critical Economy Data Announced in the USA! Good or Bad for Bitcoin?
The United States of America (USA), shown as the world's largest economy, continues to influence financial markets. Economic data from the US front also affects the movements of crypto currencies in addition to traditional finance. In the past few minutes, some economic data that the FED follows closely in the USA has been announced. Here are the latest economic data from the USA:
HOT DEVELOPMENT 🔥 This Popular Altcoin With Sale Rumors Announces It Has Been Hacked!
dYdX (DYDX), which has been on the agenda with more sales rumors in recent minutes, is currently under attack by hackers. In the announcement shared on their official accounts, dYdX team said that their websites should not be visited. The team also made a statement on the subject via DYDX's official X/Twitter account and said the following: “We just learned that dYdX's official website has been hacked. Please do not visit this website or click on any links until further notice. An update will be provided when available.”
Spot Ethereum (ETH) ETFs Finally Available for Trading! Here is the First Data…
Spot Ethereum ETFs generated $112 million in trading volume in first 15 minutes
With the opening of the US markets in the past minutes, spot Ethereum ETFs have finally started trading. Cryptocurrency investors have been waiting for an average of 2 months for the US Securities and Exchange Commission (SEC) to approve the spot ETH ETF S-1. Bloomberg expert Eric Balchunas found that spot Ethereum ETFs generated $112 million in trading volume in the first 15 minutes. Here is the information Balchunas provided about spot ETH ETFs:
“A total of $112 million was traded in the first 15 minutes in Spot ETH ETFs (a huge amount compared to a normal ETF launch, but only half the volume pace of the first day of Bitcoin ETFs). Additionally, Bitwise is seen as an Ethereum ETF with good early performance. “I didn't include GBTC in my volume comparison of Bitcoin ETFs (I was excluding it because it was new at the time) so if we include it, Ethereum ETFs make up about 20-25% of the volume of Bitcoin ETFs.”
Institutions Are Flowing Money into Funds for Bitcoin, ETH and These Altcoins!
Ethereum overtook Solana in the most invested altcoin fund this week.
The movements of whales and institutional investors in the cryptocurrency sector are closely followed by retail investors. Crypto assets purchased by large investors perform better than other assets during bullish periods. Recently, CoinShares, a successful analytics company, shared its crypto fund reports for the past week. Here is the latest report shared by CoinShares research head James Butterfil on the subject:
Digital asset investment products saw inflows of US$1.35 billion last week. The last 3-week inflow series reached 3.2 billion US dollars. Bitcoin (BTC) – $1.2 billion inflow Ethereum (ETH) – $45.3 million inflow Solana (SOL) – $9.6 million entry Litecoin (LTC) – $2.2 million entry LINK, ADA and XRP totaled $1.6 million inflow With the latest investments, Ethereum (ETH) has surpassed Solana in the altcoin metric with the most inflows since the beginning of this year. Institutions' continued interest in crypto asset funds may fuel the rise in the crypto market.
SEC Gives Final Approval for Ethereum (ETH) ETFs! After long waits from the SEC, the final spot ETH ETF approval has arrived.
The U.S. Securities and Exchange Commission (SEC) has approved the S-1 final filings required for spot Ethereum ETFs to be traded tomorrow. The SEC approved spot ETH ETFs in late May. After an average of 2 months of waiting, spot Ethereum ETFs will be released as of tomorrow. This launch seems likely to increase volatility in the ETH price.