Once a week, I review for you current opportunities on how to get free tokens using only a smartphone.
Let me remind you that some people call this mining, others token farming, but, in fact, this is just one type of activity. Don't worry, no computational processes take place on the smartphone, as in real mining.
When will we see the peak of the alt season in 2025?
🦾The market capitalization of altcoins (excluding Ethereum) has reached the levels of the previous cycle and amounted to $1.12 trillion. However, the number of tokens and projects has increased significantly, and the adoption of the crypto market is broader, so the main growth is still ahead. At the peak from current levels, we could well see over $3 trillion in altcoin capitalization.
How long will the growing market last and when is the alt season?
1️⃣ Historically, a growing market, if we take previous cycles, lasts for about a year. But this does not mean that there will be no corrections, for BTC, downward movements of 20-30% are common. In general, Bitcoin has not seen such trading volume since May 2021, and do not forget that Trump sees cryptocurrency and other new technologies, such as artificial intelligence and quantum computing, as ways to "accelerate the United States economy." Trump wants to create a second industrial revolution in America, and he believes that cryptocurrency is one of its parts. Therefore, I personally have high expectations for the peak market values in the spring of 2025.
🚀 Several records were set yesterday: 1️⃣ Trump's victory caused a surge in cryptocurrency capitalization by $200 billion! 2️⃣ Yesterday's daily trading volume of BTC futures on CME was a record in history - $13 billion. 3️⃣ ETF trading volume exceeded $6 billion on November 6, which was a record value for the past six months. The last time such trading volumes were recorded was on March 14, when the BTC rate set a local maximum, exceeding $73 thousand for the first time.
🚀 This morning I closed my election portfolio with a 20% profit on spot. DOGE is the obvious winner.
Donald Trump won, and with him, Bitcoin also won, setting a new ATH at $75,400. A new era in the crypto sphere is beginning, as the current composition of the U.S. Congress is the most pro-cryptocurrency in history. More than 219 pro-cryptocurrency candidates have been elected to the House of Representatives and Senate, and their numbers continue to grow. Personnel changes are expected in the SEC and more crypto-friendly legislation.
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These coins will skyrocket if Trump wins!
On November 5, elections will take place in the USA. I decided to create an election portfolio in case Trump wins. I remind you that Trump positions himself as a supporter of cryptocurrencies - he accepts cryptocurrencies for donations to his campaign, wants to create a national strategic reserve of bitcoins in the USA, and appoint a SEC chairman friendly to cryptocurrencies. I decided to include tokens in the portfolio that could significantly rise in value if Trump wins.
On November 5, elections will take place in the USA. I decided to create an election portfolio in case Trump wins. I remind you that Trump positions himself as a supporter of cryptocurrencies - he accepts cryptocurrencies for donations to his campaign, wants to create a national strategic reserve of bitcoins in the USA, and appoint a SEC chairman friendly to cryptocurrencies. I decided to include tokens in the portfolio that could significantly rise in value if Trump wins.
"Moonvember" has arrived - what to expect from BTC price?
Bitcoin finished October with a price increase of 10.7%, making it the third-best month for growth this year, although slightly below the usual average for October. Let's not forget that after 'Uptober' comes 'Moonvember' - historically, on average, the best month for BTC performance!
The Relationship between the Crypto Market and Treasury Bonds
The states no longer hide that the crypto market operates on the strength of the dollar. Specifically, the U.S. Treasury reported an increase in demand for bonds thanks to stablecoins. The department believes that structural demand for Treasury bonds may increase as the cryptocurrency market grows.
Here it is, what we've been waiting for so long - the Bitcoin spiral clock has struck 1:30. According to historical data, the most interesting things happen between 1:30 and 4:30! The price movement $BTC is reminiscent of previous halvings and we are now on the threshold of a period after which a sharp increase began over 12 months!
🔎If we look at the leverage ratio in the market now, it can be interpreted as a sign of market overheating. However, depending on how we analyze it, the interpretation can be completely different. The increase in the leverage ratio in the USDT futures market can be seen as an indication that a futures-driven price surge is imminent. This is not a sign of overheating, but rather an indication that there is sufficient liquidity in the futures market. Similarly, before the October 2020 price surge, the USDT futures leverage ratio also reached new highs.
Bitcoin is on the verge of ending the downtrend that began in mid-March 2024, confirming the bullish signal. Now, to continue the upward movement, it is important to consolidate above 68.000$ and overcome the accumulation of sell orders located in the range from $ 68,500 to $ 70,000. I am sure that there will be a lot of profit-taking between the current price and the ATH of BTC, so a local correction is possible.
Globally, large players are absolutely confident in the long-term growth of the BTC price and this is visible on the chart. Whales with balances of 1000 BTC have been actively increasing their balances for six months. During the sideways movement, they bought up $ 132 billion worth of bitcoin.
Bitcoin dominance has grown to 58.9% - the maximum since March 2021. The Bitcoin dominance chart shows signs of bearish divergence, giving altcoins a chance to breakout.
🔥I have a good indicator - friends and colleagues in the market. When BTC was $70,000, many called and asked how to buy Bitcoin. Now, those who are especially sitting in alts feel disappointed. And this is a good sign, that's when the growing market begins. 📈 The ETF approval attracted institutional investors' capital into crypto and there was even a mini-alt season in March. This created a false start for the market, and the feeling that the bull run had already begun.
Bitcoin's dark history began in 2008, when someone named Satoshi Nakamoto published a white paper outlining his vision for "a new electronic cash and peer-to-peer payment system that would eliminate the need for problematic intermediaries like banks." Satoshi disappeared without a trace over 13 years ago, leaving Bitcoin's development in the hands of a decentralized community. And for 16 years now, "no one" knows for sure who created BTC. Is this possible in today's world, where "not even a mosquito can fly" without signing in to numerous servers? Perhaps, especially if it is needed by those who know how to keep secrets...
Bitcoin has given up all of its September gains this week. There is now a real risk of prices falling below $60,000 and returning to the lows of September and August. In recent weeks, there has been an influx of BTC supply into exchanges, which has contributed to downward pressure on the price of Bitcoin. 🔥While all markets are frozen in anticipation of an escalation of the conflict in the Middle East, it is very important to monitor the global information background. But in any case, the current drawdown will be an opportunity for investors ahead of the US presidential elections, since historically all bull runs began in October. In general, Bitcoin is undergoing a correction before a potential rally in the last quarter, and personally, I expect the main growth in November-December.
September 2024 was the best month on record for Bitcoin, despite historically being a negative period. Ahead of us is October, on the contrary, a historically extremely successful month for Bitcoin. During the entire existence of the cryptocurrency, October only closed in the minus twice. The average BTC growth was 23%. If we take this yield as a basis, then #BTC will cost around $78,000 in a month.
🎯BTC is in a short-term uptrend, making higher lows and higher highs on a seven-day time frame. If Bitcoin manages to settle above $65,100, it will break the long-term downtrend structure with a top on March 13, 2024.
📈STH MVRV is at the same point as in November 2023, just before the rise to $73k. In both cases, the MVRV has exceeded the 155-day average.
🦾 Spot Bitcoin ETF demand has recovered, and the 30-day net change in total assets is positive again.
💰Ethena Labs teams up with BlackRock to introduce a brand-new stablecoin, UStb (USTB). This project will use BlackRock's tokenized USD Institutional Digital Liquidity Fund (BUIDL), which maintains a stable value of $1 per token. In essence, it will be an institutional stablecoin.
Since the Fed rate announcement, Bitcoin has failed to break through the $64,000 mark several times. This price zone is a major resistance area as it was once Bitcoin's ATH. Long term, if the price breaks and consolidates above the 200-day moving average, it will be a good support for BTC. For now, the price is stuck below the moving averages, and market indicators point to the formation of a consolidation zone between $ 62,000-64,000.
Monday's forecast that we would rise before the rate announcement was fully justified. What's next? Let me remind you that today is a very important day for all markets - the rate announcement of the world's largest central bank by assets. The Fed is expected to cut interest rates after keeping borrowing costs at their highest level in two decades. The rate cut will likely support risky assets such as Bitcoin, as softer monetary conditions will make speculative assets more attractive to investors.
The Altcoin Season Index is rising, and the market is preparing for another possible bull run. Looking at the quarterly returns of BTC, it is clear that Q4 has always been a favorable period for Bitcoin. Judging by the charts, the leading altcoins are slowly recovering and breaking out of important resistance levels. In the current situation, I recommend turning your attention to the following three coins:
What will happen to the BTC rate until September 18?
Yesterday's US inflation data for August confirmed bets for a Fed rate cut on September 18, as core inflation rose faster than expected, topping 0.3%. Initial jobless claims and the producer price index (PPI) are due out today. Expect volatility in both directions.