đ **Bitcoin ETF Outflows: A Rollercoaster Ride!**
- BlackRockâs Bitcoin ETF (IBIT) had its second-ever outflow day, losing $13.5M on Aug. 29. Not as dramatic as May 1's $36.9M, but still a notable dip.
- Total outflows for US-based Bitcoin ETFs hit $71.8M on the same day. Fidelity Wise Origin Bitcoin Fund led the pack with $31.1M outflows.
- Despite the outflows, IBIT saw a massive $224.1M inflow just days earlier on Aug. 26.
- Cathie Woodâs ARK 21Shares Bitcoin ETF was the lone ranger with $5.3M inflows.
- Bitcoin's price dipped 3.43% in the past week, trading at $58,751. đ
Stay tuned for more crypto rollercoasters!
đ **Bitcoin ETFs See Outflows, But There's Still Hope!** đ
Hold onto your hats, crypto enthusiasts! BlackRockâs Bitcoin ETF (IBIT) just had its second-ever outflow day since January, losing $13.5M on Aug. 29. But hey, it's not all doom and gloom! Remember, it had a massive $224.1M inflow just a few days earlier. đ
Other Bitcoin ETFs also saw outflows, with Fidelity's fund leading the pack at $31.1M. Meanwhile, Cathie Woodâs ARK 21Shares Bitcoin ETF managed to attract $5.3M in inflows.
What's your take on these market moves? Drop your thoughts in the comments! đŹ
đ **Breaking News: $258B Crypto Lawsuit Against Elon Musk Dismissed!** đâđŠș
- A U.S. court has dismissed a $258 billion lawsuit claiming Elon Musk, SpaceX, and Tesla ran a "crypto pyramid scheme" with Dogecoin.
- Judge Alvin Hellerstein ruled Musk's statements about Dogecoin were "aspirational and puffery, not factual."
- The suit alleged Musk inflated DOGE's price by 36,000% and then let it crash, causing investor losses.
- Musk's legal team argued his social media posts were too vague to be considered fraud.
- Dogecoin's price remains 86.4% below its all-time high.
đŹ What are your thoughts on this ruling? Share below!
**Bitcoin and Ethereum ETFs See Significant Outflows Amid Market Downturn**
BlackRockâs Bitcoin ETF (IBIT) experienced its second-ever outflow day since its January launch, with $13.5 million in net outflows on August 29. This follows a previous outflow of $36.9 million on May 1. Overall, U.S.-based Bitcoin ETFs saw a combined outflow of $71.8 million on the same day.
- Fidelity Wise Origin Bitcoin Fund led the outflows with $31.1 million.
- Grayscale Bitcoin Trust followed with $22.7 million in outflows.
- BlackRockâs IBIT was third, despite a recent $224.1 million inflow on August 26.
Cathie Woodâs ARK 21Shares Bitcoin ETF was the only one to see net inflows, gaining $5.3 million.
Ethereum ETFs also faced minor outflows, totaling $1.7 million. Seven out of nine Ether ETFs saw zero flows, with Grayscale Ethereum Mini Trust being the exception, recording a $3.6 million inflow. However, this was overshadowed by the $5.3 million outflow from the Grayscale Ethereum Trust.
Both Bitcoin and Ethereum prices have been on a downward trend, with Bitcoin dropping 3.43% to $58,751 and Ethereum falling 5.64% to $2,517.06 over the past week, according to CoinMarketCap.
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between India and some major global powers like the US Russia France regarding the idea of a globally interoperable payment system. While India, represented by RBI Governor Shaktikanta Das, is advocating for such a system to enable seamless cross-border transactions, key figures like Christopher Waller from the US Federal Reserve have raised concerns. Waller's concerns are centered on potential costs, legal challenges, and the overall feasibility of interlinking instant payment systems on a global scale
This difference in stance underscores the complexities involved in achieving global financial integration, where geopolitical, legal, and economic considerations often play significant roles
it's very funny to watch how every hourly movement on the chart up is accompanied by a million random posts from TOP influencers, super analysts who draw you only beautiful charts up! Then there is a fall and they start shouting that this is another manipulation, and you need to buy the bottom! In the crypto sphere, there is the largest concentration of people who do not understand anything about the markets, but thanks to the exceptionally positive charts that they draw, they create a fan base of followers around themselves on which they earn money by receiving allocations from scam tokens $BTC #MarketSentimentToday
đšđšđ Crypto Goldmine: 4 Coins You Canât Miss Before 2024 Boom!
đ Top 4 Must-Have Cryptos Before the 2024 Boom đ
As the crypto world braces for a massive boom in 2024, smart investors are zeroing in on a few standout digital assets. Here are the Top 4 Cryptocurrencies you canât afford to miss out on this year:
1ïžâŁ Solana (SOL) â Eyeing $150 đž
Solana has been a consistent performer and is now targeting the crucial $150 mark. Despite some recent market volatility, SOL continues to show strength, maintaining its position as a top-tier cryptocurrency. Analysts are watching closely to see if it can finally break past this critical resistance level, potentially opening the floodgates for further gains.
2ïžâŁ Kaspa (KAS) â Approaching a Breakout đ
Kaspa is on the verge of a major breakout, with a key resistance level just ahead. Analysts have highlighted 17.5 cents as a critical pointâif Kaspa can surpass this, it could trigger a bullish trend, sending its price skyrocketing. Keep an eye on KAS as it teeters on the edge of a potential moonshot.
3ïžâŁ Aptos (APT) â Strengthening the Network
Aptos is all about network security and functionality. The upcoming node upgrades are critical, ensuring that the blockchain remains robust and secure. Aptosâ dedication to maintaining its infrastructure makes it a solid investment for those who prioritize long-term stability in their portfolios.
4ïžâŁ Tron (TRX) â New Heights Ahead đ
Tron has recently surged to new highs, thanks to a major network upgrade that increased its energy cap. This move has led to a flurry of transactions, propelling TRXâs price to a three-year high. With growing demand and increased transaction capacity, Tron is well-positioned to keep climbing.
These four cryptos are leading the charge as we head into 2024. With the potential for significant gains, now might be the time to position yourself for the upcoming crypto boom.
$SOL
{spot}(SOLUSDT)
$TRX
{spot}(TRXUSDT)
$APT
{spot}(APTUSDT)
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đ#ETH goal achieved âïž
đ§ From a structural perspective, the goals of the double bottom long structure have been fully achieved, so there is an expectation of a callback. As the upward trend support line is broken, it means that the previous period of rise is over, so we need to be alert to the risk of further decline. đ
âĄïžThe long order we got on the 28th was also hit and closed after the stop loss was moved up. However, we have already reduced our holdings twice, and the overall profit is still very generous. Congratulations to all the friends who followed Wolf King to print money. đ°đ»
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{future}(ETHUSDT)
đ Crypto traders are buzzing about a potential altcoin season, but analyst James Check says, "Hold your horses!" đŽ
- Check argues traders are rushing to buy speculative assets too soon, skipping the usual market buildup.
- In 2021, memecoins surged at the end of rallies. Now, they're skyrocketing from the get-go.
- Traders are diving straight into PEPE, with some making jaw-dropping profits. One trader turned $3K into $46M!
- Despite this, some see low altcoin prices as a bullish sign. Luke Martin suggests we're at the "sell your house to buy more" level.
Stay tuned for the next crypto rollercoaster! đą
đ Crypto traders, buckle up! As we await the next altcoin season, Glassnode's James Check says it might not go as planned. Why? Because new traders are diving headfirst into the wild world of memecoins! đž
In the 2021 bull run, traders followed a "capital waterfall" from Bitcoin to monkey JPEGs. But in 2024, they're skipping the steps and going straight to PEPE tokens. One lucky trader even turned $3,000 into $46 million! đž
Despite the memecoin mania, some analysts see the current altcoin dip as a bullish sign. What do you think? Share your thoughts in the comments!
**Crypto Market Update: Altcoin Season Unlikely to Unfold as Expected**
Crypto traders are eagerly anticipating an altcoin season, but one analyst suggests it might not go as planned. Glassnode's lead analyst, James Check, argues that new traders are rushing to buy speculative assets too soon, disrupting the usual market dynamics.
- **Trader Behavior**: During the 2021 bull run, memecoins surged towards the end of the rally. However, in 2024, traders are jumping straight to hyped memecoins like PEPE, bypassing other assets.
- **PEPE Token**: PEPE has seen staggering gains, with one trader making $46 million from a $3,000 investment. Despite this, there's a gap where other altcoins aren't being touched.
- **Market Sentiment**: Some traders see the current low altcoin prices as a bullish signal. Crypto trader Luke Martin likens the situation to Bitcoin's 2020 surge, suggesting potential for significant gains.
Stay tuned for more updates as the market evolves. Remember, all trading involves risk, so do your own research before making decisions.
Vite (VITE) is the native cryptocurrency of the Vite network, a decentralized platform focused on high-performance smart contracts and decentralized applications (dApps). Here are some key points about Vite coin:$VITE
Key Features:
1. _High-Performance_: Vite's blockchain boasts fast transaction speeds (up to 2,000+ TPS) and low latency.
2. _Smart Contracts_: Vite supports smart contracts with a unique asynchronous architecture.
3. _Decentralized Applications (dApps)_: Vite enables developers to build scalable and efficient dApps.
4. _ViteX_: Vite's decentralized exchange (DEX) allows for trustless and permissionless trading.
5. _Staking and Rewards_: VITE holders can stake their tokens to participate in network validation and earn rewards.
Use Cases:
1. _Decentralized Finance (DeFi)_: Vite's high-performance capabilities make it suitable for DeFi applications.
2. _Gaming_: Vite's fast transaction speeds and low latency make it an attractive platform for blockchain gaming.
3. _Enterprise Solutions_: Vite's scalability and efficiency make it a viable option for enterprise adoption.
4. _ViteX (DEX)_: VITE is used for trading and liquidity provision on Vite's decentralized exchange.
Availability:
VITE tokens are listed on various cryptocurrency exchanges, including Binance, Huobi, and OKEx.
Partnerships:
Vite has partnered with notable projects like BitTorrent, Ocean Protocol, and Terra, expanding its ecosystem and use cases.
Please note that the details may change as the project evolves.
Would you like to know more about Vite, VITE coin, or high-performance blockchain platforms? I'm here to help!
#BTC /USDT ANALYSIS
Bitcoin has recently broken down from an ascending triangle pattern. After retesting the 100-day moving average, which is now acting as resistance, the price remains below this level.
However, Bitcoin is currently trading above the Ichimoku Cloud, which is providing support and indicating ongoing momentum. A breakdown below the Ichimoku Cloud could signal further downward movement for BTC.
On the other hand, a bounce from the current level, where the price is trading, could indicate a potential reversal.$BTC
#BTC/USDT ANALYSIS
Bitcoin has recently broken down from an ascending triangle pattern. After retesting the 100-day moving average, which is now acting as resistance, the price remains below this level.
However, Bitcoin is currently trading above the Ichimoku Cloud, which is providing support and indicating ongoing momentum. A breakdown below the Ichimoku Cloud could signal further downward movement for BTC.
On the other hand, a bounce from the current level, where the price is trading, could indicate a potential reversal.
đ Naver, the "Google of South Korea," is diving into the crypto pool with its new Naver Pay Wallet, in partnership with sport-focused blockchain Chiliz. đ
- **Beta Mode:** The wallet is non-custodial, meaning users hold their private keys.
- **Multi-Asset:** Supports cryptocurrencies and NFTs.
- **Future Plans:** Integrations with DApps, fan tokens, and merchant loyalty programs.
- **Target Audience:** Tech-savvy users keen on blockchain in sports, entertainment, and digital assets.
Naver's move follows its messaging app LINE's crypto ventures, signaling a tech giant's full-court press into blockchain! đ