The behavior of short-term Bitcoin (BTC) holders often reflects a higher risk appetite, and when a drop in realized market cap is seen, this can further intensify that tendency.
$BTC
Realized market cap is a metric that measures the market value of all coins in circulation, calculated at the price they were last traded at.
$BNB
A drop in this metric, such as the $6 billion, suggests that the recent prices at which these coins have moved have been lower, possibly indicating panic selling or market movements into lower price ranges.
For short-term holders, this decrease in realized capitalization could signal an opportunity to take on more risk as they look to profit from volatility.
$ETH
As BTC prices decline and unrealized losses mount, some short-term investors might try to buy at lower prices in hopes of benefiting from a quick recovery.
However, it is also important to note that such an environment can lead to increased speculation and risks associated with sharp price movements.
#Alert#AlertOctober arrival will impact the Crypto market
In October, the crypto world is looking forward to a significant event: the unlocking of a massive amount of crypto tokens, estimated at $3.46 billion, which will impact the markets. In the first week of the month alone, around $735 million worth of tokens are expected to be released, which could have considerable effects on market dynamics. <t-44/>#Octubre <t-46/>#Tokens These unlocks typically occur when a portion of previously locked tokens are released, often tied to vesting or acquisition schedules that were designed when the cryptocurrencies were launched or conducted private sales. With these types of unlocks, initial token holders, such as early investors and development teams, gain access to their assets, which can potentially lead to massive sell-offs, increasing supply on the market and consequently putting pressure on prices.
#Alert Rising US jobs cause volatility in Bitcoin amid speculation
#Fed #Bitcoin Rising employment in the US has led to volatility in the price of Bitcoin due to speculation about possible changes in the Federal Reserve's (Fed) monetary policy. When employment data is strong, such as an increase in job creation figures, expectations often increase that the Fed could tighten its monetary policy by raising interest rates. These measures are designed to control inflation, but they also often negatively impact risk assets such as cryptocurrencies.
#Alert#AlertTokenized funds will be financial guarantees in the U.S.
#Tokens #Defi #BlockchainRevolution #Binance Recently, there has been a significant development in the use of tokenized funds in the US as financial collateral. For example, JPMorgan and BlackRock achieved a milestone in October 2023 by using tokenized money market funds as collateral in a transaction with Barclays. This process was carried out through JPMorgan's Tokenized Collateral Network, using blockchain technology to convert traditional assets into tokens, which were then used as collateral in derivatives transactions.
#Alert#AlertTension in the Middle East impacts the Crypto market
The escalating tension in the Middle East has had a significant impact on the global market, and the cryptocurrency market has been no exception. Recently, approximately $489 million worth of cryptocurrencies were liquidated due to the uncertainty and volatility generated by the conflict in that region. Investors, perceiving geopolitical risks, often resort to massive selling of more volatile assets, such as cryptocurrencies, leading to an increase in liquidations.
#Bitcoin #Uptober The historical trend known as Bitcoin's 'Uptober', where a surge in the cryptocurrency's price is traditionally seen during the month of October, appears to be facing certain challenges this year. One of the main factors influencing this is the growing interest in Bitcoin futures, which may be shifting demand towards more speculative financial instruments rather than outright spot purchases. $BTC Interest in futures contracts has increased significantly, suggesting increased participation from large investors and traders looking to take advantage of short-term price fluctuations, rather than accumulating Bitcoin for the long term. This has led to less buying pressure in spot markets, which is crucial to driving sustainable price increases for the cryptocurrency.
Bitcoin on track for best September on record with 8.36% gain
#Bitcoin <t-9/>#CriptoNews Bitcoinâs performance in September has historically been negative in previous years, so this 8.36% increase marks an important milestone. Several factors could be driving this growth, such as rising institutional interest, cryptocurrency adoption by retail users, and expectations about clearer regulations or technological advancements. Additionally, market sentiment could be changing, contributing to this strong performance.
#TopCoinsSeptember The cryptocurrency market has seen sharp declines in September 2024, affecting key assets such as Bitcoin (BTC), Ethereum (ETH), and several meme coins such as Hamster Coin (HMSTR) and Pepe Coin (PEPE).
Bitcoin (BTC)Bitcoin has been in a significant downtrend, trading below $59,000 in mid-September. $BTC
This decline has been driven by macroeconomic factors and an uncertain environment.
Although market sentiment remains negative in the short term, some analysts believe that BTC could rally towards the end of the year, if more favorable economic conditions are met.
Ethereum (ETH)Ethereum has also experienced a negative trend, reflecting the general problems of the crypto market. $ETH
Although there have been advances in its scalability solutions, such as layer 2s (Arbitrum and Polygon), the price of ETH has continued to trend downward, with strong volatility in recent weeks.
Hamster Coin (HMSTR) and Pepe Coin (PEPE)As for meme coins, both HMSTR and PEPE have suffered severe declines, due to the high speculation that characterizes these assets.
$HMSTR
Meme coins, such as PEPE, have seen sharp declines in price, affected by low confidence and a general decline in the high-risk asset market.
In short, the cryptocurrency market is going through a difficult time, with expectations that the performance of the most established assets, such as BTC and ETH, will improve in the coming months, while the most speculative coins remain highly vulnerable.
$HMSTR $DOGS $NOT Stop wasting your time on Telegram games for airdrops. The reality is, millions are competing for the same free money, and the rewards are often minuscule. Take Hamster Kombat, for instance - over 300 million people joined, only to receive a paltry $10 worth of tokens. MoonBix has already shattered records, gathering 20 million users in its initial days. Don't fall for the hype. Instead, invest your time in learning valuable skills that can generate real income in the crypto space. Trading is a lucrative option, but it requires effort and dedication. Spend your time mastering the art of trading, and you'll reap far greater rewards than any airdrop. Free money may seem enticing, but it's often a waste of time. Remember, if everyone is doing it, it's likely not worth your time. Focus on building sustainable wealth through education and skill-building. The crypto market rewards those who put in the effort. Don't be fooled by the promise of easy riches. The true wealth lies in knowledge and expertise. Learn to trade, invest wisely, and watch your wealth grow exponentially. Leave the airdrop frenzy to those who don't know better - you're destined for greater things.
#TopCoinsSeptember #Memecoins #Dodgecoin #SHIBAâ #PepeCoinToTheMoon As October approaches, the cryptocurrency market often experiences a surge in speculation, and memecoins are no exception. Despite being volatile and risky, some investors choose them for their potential for rapid growth. Here are three memecoins you might want to consider before the next rally, always with the caveat to do your own research and not invest more than you are willing to lose: 1. Dogecoin (DOGE)
#TopCoinsSeptember #Solana #Sol #Binance A potential 10% pullback in Solana (SOL) price suggests that analysts or technical indicators are projecting a drop in its value. These pullbacks are usually based on technical or fundamental factors affecting the market. Here are some key points that could influence a pullback for SOL: $SOL 1. Technical Factors: Overbought Indicators: If the SOL price has seen a significant increase in a short period, it may be in overbought territory according to indicators such as the RSI (Relative Strength Index), which generates expectations of a correction.
Bitcoin holders are in profit up to 84% as Bitcoin consolidates its position above $63,000
Bitcoin UTXOs (unspent transactions) in profit have increased to approximately 84%, coinciding with the price of the digital asset reaching around $63,800. This marks a recovery from earlier in the summer, when UTXOs in profit fell to around 65% during price corrections below $55,000. $BTC The higher percentage of UTXOs in profit indicates that more holders are currently in profit, which is usually in correlation with positive market sentiment. As the price rises, the proportion of profitable UTXOs tends to increase, indicating potential bullish momentum in the market.
The rise in UTXO profits aligns with historical patterns where increasing profit percentages accompany upward price movements. This metric is a barometer of market sentiment and can influence trading behaviors.
The recovery to 84% of UTXOs in profit suggests renewed optimism among investors following periods of volatility earlier in the year. The highest level this year was reached in March and May, when Bitcoin UTXOs reached almost 100% twice.
BlackRock's head of digital assets has claimed that while Bitcoin carries risks, he considers it a "risk-free" asset in terms of its potential for diversification and as a hedge against inflation. This reflects the view that despite volatility, Bitcoin can offer strategic benefits in an investment portfolio. The duality of his position underscores the complexities of the cryptocurrency market and the evolving institutional perception of these assets. $BTC Mitchnick, during his interview with Bloomberg, stressed that while Bitcoin does pose risks, strictly categorizing it as a "risk-free" asset is a mistake. He likened this view to an âown goal,â suggesting that underestimating its value and potential can lead to poor investment decisions. This highlights the need to understand Bitcoin not only for its volatility, but also for its unique characteristics in the market context.
On another note, Mitchnick argues that Bitcoin does not present the same risks as other traditional risk assets, which makes it stand out in portfolio diversification. Although its volatility can be high, its nature as a decentralized asset and its potential as a hedge against inflation give it characteristics that set it apart, allowing it to be considered safer in certain contexts.
Haiti gives way to Bitcoin to transform its economy.
#TopCoinsSeptember #haiti #Bitcoin Haiti faces an ongoing crisis, but a bitcoin-based project is looking to transform its economy and offer hope. Haiti has faced numerous economic and social challenges, but the use of Bitcoin could offer an alternative to improve the situation. A cryptocurrency-based project seeks to facilitate safer and more accessible transactions, which could encourage financial inclusion and attract investment. By empowering the population with digital tools, this approach is expected to foster job creation and sustainable economic development, providing new hope for the country.
â Cryptocurrency wallets will become âfiling cabinetsâ by 2030
By 2030, cryptocurrency wallets are likely to evolve into more advanced functions, acting as digital âfiling cabinets.â
This could include asset management, digital identification, and secure storage of documents and contracts.
Interoperability and integration with other financial services could also become common, making it easier to access and manage personal and financial information more efficiently.
However, adoption and regulation will play a key role in this evolution.
$BTC $BNB $ETH
Some of the pioneering wallets in the cryptocurrency space that could lead this evolution are:
1. Coinbase Wallet: With a user-friendly interface and support for multiple cryptocurrencies, it has positioned itself as one of the most popular wallets.
2. MetaMask: Famous for its integration with decentralized applications (dApps), especially in the Ethereum ecosystem.
3. Trust Wallet: Offered by Binance, it is known for its support of a wide variety of cryptocurrencies and its focus on security.
4. Ledger Live: A complement to Ledger hardware devices, it combines physical security with digital asset management.
5. Exodus: A desktop and mobile wallet that stands out for its intuitive design and multi-asset support.
These wallets are constantly evolving, and their ability to adapt to new features and technologies will determine their future relevance.
Ethereum continues to lead the NFT market, although it has seen a decline in sales this week.
Despite this drop, it continues to be the preferred platform for the creation and transaction of digital assets, due to its robust infrastructure and large community of creators and collectors.
The decline can be attributed to factors such as market volatility and competition from other emerging blockchains.