BlackRock called Bitcoin a "unique diversifier" in its report , which is far removed from factors such as government debt, currency depreciation, geopolitical upheavals and other factors that are typical for different countries.
The paper focuses on the historical dynamics of the price, as well as the difficulties of forecasting it.
The report also says that Bitcoin remains a risky asset:
It is a new technology that is still in its early stages of adoption and has the potential to become a global payment asset and store of value.
â One of the largest companies that works with cryptocurrency and places a lot of emphasis on it in a positive way, thereby attracting the attention of investors so that people buy bitcoin.
But they write a disclaimer that this is a risky asset. But it has great prospects, as it is a new technology and an excellent diversifier in terms of investments.
And this will have a positive effect on the growth of Bitcoin and the entire cryptocurrency in general in the long term.
#BTC #Bitcoin #BlackRock
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One of my biggest learning experiences in trading came when I purchased 7,000 Fetch.ai ($FET ) coins at a price between $0.15 and $0.20, securing them at a very favorable rate. However, I decided to sell them when the price reached $0.52. In hindsight, while the trade was profitable, I realize that holding the position longer could have yielded even greater returns. This decision has provided valuable insights into market timing and patience in trading.
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#FETâ€ïž #Follow For Moređ°đ°
Bitcoin's Volatility Remains Low Compared to Previous Cycles: Is a New ATH on the Horizon in 2024?
Bitcoin has seen a recent price surge, sparking renewed optimism in the market as investors take note of its growing momentum. Despite these gains, data from Coinglass reveals that Bitcoin's volatility is still low compared to past cycles. This calm during the rally has led to questions about whether BTC is on the cusp of a major move, possibly setting a new all-time high this year.
Historically, Bitcoin's most significant rallies have been accompanied by sharp increases in volatility. Yet, current market data suggests that traders may be waiting for a key trigger to unlock a larger price movement. Many analysts are paying close attention, interpreting the low volatility as a potential signal of stabilization before a significant breakthrough.
Recent developments, such as the Federal Reserveâs decision to cut interest rates by 50 basis points, have fueled Bitcoin's price rise. According to Daan, while BTC is showing some volatility, the real breakout could be just around the corner. He predicts that volatility will increase as Bitcoin nears the end of its longest consolidation phase in 2024.
At present, Bitcoin is trading at $62,995, just below the critical 200-day moving average of $63,977, which it has yet to reclaim as support. Securing this level could indicate long-term strength and push BTC towards challenging local highs around $65,000, with a possible test of the 2021 all-time high at $69,000.
However, if Bitcoin fails to hold the crucial $60,000 support level, it could face further downside risks. With the current bullish momentum depending on this support, traders are closely monitoring these key levels for any signs of a breakout or a pullback.
#BTC #FOMC #Binance #Crypto #Bitcoin
BTC Volatility Still Low Compared To Past Cycle: Ready For ATH In 2024?
Bitcoin has risen in recent days, changing market mood as investors note its increased impetus.
Coinglass data shows that Bitcoin's volatility is low relative to historical cycles, despite recent price rises. This remarkable quiet during the spike has generated worries about whether BTC is set to make another huge move, maybe to ATH this year.
Bitcoin's biggest rallies have been followed by huge volatility increases, but current data shows the market may be waiting for a trigger to unleash bigger price activity. Analysts are eagerly studying this pattern, with some thinking low volatility may imply stabilization before a major breakthrough.
Bitcoin is breaching major resistance levels, leaving traders wondering whether this low-volatility scenario will last or if a surprise move will push BTC higher.
Change in Bitcoin Price?
After the Federal Reserve dropped interest rates by 50 bps on Tuesday, bitcoin prices rose significantly.
According to Daan, BTC is experiencing volatility, but the big boom may be ahead. He expects volatility to rise until the stock breaks out of its longest consolidation range of 2024.
Federal Reserve interest rate decrease may spark this next wave. BTC's momentum and break through key resistance levels might accelerate price movement and lead to new highs as volatility rises.
Bitcoin is trading at $62,995 after the daily 200 MA at $63,977 was rejected. Reclaiming this important indication as support might boost BTC price by indicating long-term strength.
Bulls must keep price over $60,000 and retake the daily 200 MA to sustain momentum. If BTC breaks beyond this barrier and solidifies support, it might challenge local highs around $65,000 and test $69,000, the 2021 cycle's all-time high.
If the $60,000 support level is broken, the price might fall further into reduced demand. Since Bitcoin's upward momentum depends on holding above $60,000, investors are intently monitoring these important levels.
#BTC FOMC $BTC #USRetailSalesRise
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MicroStrategy Continues Bitcoin Purchases: $458.2 Million in New Purchases.
The company has purchased an additional 7,420 Bitcoins at an average price of around $61,750. This information was shared by the companyâs founder and CEO Michael Saylor.
âMicroStrategy has returned 5.1% quarter-to-date and 17.8% year-to-date,â Michael Saylor said.
With this latest purchase, MicroStrategyâs total Bitcoin holdings have increased to 252,220. The company has purchased a total of $9.9 billion worth of Bitcoin to date at an average price of around $39,266.
Based on Bitcoinâs current trading price of $62,945, MicroStrategyâs Bitcoin holdings are worth over $15.8 billion. The company owns over 1% of Bitcoinâs total supply and is the largest institutional investor in the crypto asset.
Marathon Digital Holdings, the second-largest institutional Bitcoin treasury, holds 26,200 Bitcoins worth around $1.6 billion. Thatâs well below MicroStrategyâs Bitcoin holdings.
MicroStrategyâs aggressive Bitcoin buying strategy is also having a positive impact on the companyâs stock. MSTR shares have gained more than 360% in the past 12 months.
In July, the company announced a 10-to-1 stock split between its Class A and Class B common stocks. The move is reportedly aimed at making MicroStrategy shares more accessible to investors and employees.
Bitcoin has gained close to 20% since its September 2024 low of around $52,550. MicroStrategyâs strong commitment to Bitcoin and its large-scale purchases are drawing attention in the cryptocurrency market.
#KIP #KIPprotocol #CryptoDeNostradame #ParrotBambooCrypto
$XRP /USDT Market and Technical Analysis
The XRP/USDT trading pair is currently priced at $0.6020, reflecting a gain of 3.10% in the latest trading session. This price is slightly above the 7-day moving average of $0.6013, indicating a bullish trend. In the past 24 hours, XRP has reached a high of $0.6128 and a low of $0.5800, with trading volumes of 143.48 million XRP and 85.24 million USDT, demonstrating robust market activity.
Key resistance levels to watch are at $0.6128 and $0.6144, while support levels are identified at $0.6020 and $0.5911. The substantial trading volume indicates strong interest among investors, contributing to the positive sentiment surrounding XRP. As the market shows continued bullish momentum, it is essential for traders to implement effective risk management strategies to navigate potential price fluctuations.
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #BinanceLaunchpoolHMSTR
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A historically significant signal is making waves in the Bitcoin $BTC
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market, and it could set the stage for a massive rally. According to renowned analyst Kevin Svenson, Bitcoinâs weekly Relative Strength Index (RSI) is flashing a pattern that has often preceded major bull runs.
Sharing insights on his YouTube channel, Svenson revealed that Bitcoin's weekly RSI has breached a critical resistance level, which typically signals the start of a prolonged uptrend. Based on this indicator, he predicts that Bitcoin could soar past its all-time high, with the momentum possibly extending until March.
At present, Bitcoin is trading at $63,089, reflecting a 4.1% increase over the last week. The bullish signals from the technical indicators are boosting investor confidence, with many expecting a continuation of this upward trajectory.
However, it's crucial to stay vigilant. Market volatility is ever-present, and risk management remains key. Always conduct thorough research before making any investment decisions.
#KIP #KIPprotoco l #CryptoDeNostradame #ParrotBambooCrypto
MicroStrategy has made another major move, acquiring 7,420 BTC for approximately $458.2 million at an average price of $61,750 per Bitcoin. This investment has resulted in a 5.1% BTC yield quarter-to-date and a 17.8% year-to-date. As of September 19, 2024, MicroStrategy holds 252,220 BTC, with a total cost of $9.9 billion and an average acquisition price of $39,266 per Bitcoin.
This continued bullish activity from institutional players like MicroStrategy highlights growing confidence in Bitcoinâs long-term potential. If you havenât positioned yourself in the market, it could be time to reassess your strategy, as the momentum indicates strong upward trends for BTC.
However, this is not financial adviceâalways do your own research before making investment decisions.
#DODOEmpowersMemeIssuance #BTCReboundsAfterFOMC
German Government Shuts Down 47 Exchanges
The Attorney Generalâs Office in Frankfurt am Main and the BKA shut down 47 cryptocurrency exchanges allegedly involved in criminal activities, including money laundering. These exchanges deliberately failed to comply with their obligations to verify customer identity and background checks, commonly known as KYC requirements.
The German Federal Criminal Police Office and the Central Office for Combating Cybercrime stated that these cryptocurrency exchanges failed to comply with KYC (Know Your Customer) requirements and allowed illegal activities such as money laundering to take place. As a result, German authorities have shut down dozens of cryptocurrency platforms they believe were involved in the illicit movement of assets.
According to the Federal Criminal Police Office (BKA), these exchanges did not adequately monitor customer activities. The Attorney Generalâs Office in Frankfurt am Main and the BKA shut down 47 cryptocurrency exchanges allegedly involved in criminal activities, including money laundering. These exchanges deliberately failed to comply with their obligations to verify customer identity and background checks, commonly known as KYC requirements.
Some of the exchanges include Xchange.cash, 60cek.org, Baksman.com, along with other smaller platforms. One of the exchanges had been active since 2012, while others were launched as recently as the previous year. During the investigation, the government seized some customer and transaction data. However, authorities noted that the individuals behind these activities often reside in countries outside of Germany, where such criminal activities are âtolerated or even protected,â making prosecution nearly impossible. Instead, they will focus on âweakeningâ the underlying infrastructure that facilitates these illegal operations.
Earlier this year, the BKA seized 49,857 bitcoin (BTC), worth $2.1 billion at the time, from operators of an anonymous website called Movie2k.to, which was shut down in 2013 for violating copyright law.
$BTC
$ETH $ETH $ETH
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**ETH Trade Alert!**
Ethereum is currently consolidating after a recent price increase. Key support is near $2,550, and potential resistance is around $2,580.
Short-term momentum is looking positive, and since the price is close to the lower Bollinger Band, a bounce could be coming soon.
**Trade idea:**
Consider going long between $2,555-$2,562, aiming for a target between $2,580-$2,610. Set your stop loss just below $2,550. Use 2-3X leverage for a safer approach.#Write2Earn! #ETHETFsApproved #Write2Earn! #ETHđ„đ„đ„đ„
#Write2Earn!
The whale built a position of more than 96,000 ETH at an average price of $1,567 and sold 15,000 ETH 8 hours ago
[A whale that built a position of more than 96,000 ETH at an average price of $1,567 sold 15,000 ETH 8 hours ago] Golden Finance reported that according to the monitoring of on-chain analyst Ember, 8 hours ago, the whale who withdrew 96,638.9 ETH from Coinbase at a price of $1,567 in September 2022 sold another 15,000 ETH (US$38.37 million). After he withdrew ETH from Coinbase at a price of $1,567 in September 2022, he began to transfer ETH to Kraken in March this year. At present, a total of 70,000 ETH (US$214.34 million) has been transferred to Kraken in six and a half months, with an average price of US$3,062. A profit of US$104.65 million was realized. He currently holds 26,638 ETH (US$69.61 million).
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#dhokyBazHamster
#chotiaHamster
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#rulaDalaRay
$BTC $BTC $BTC
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Bitcoin is showing signs of a small pump after a long period of consolidation. As I always say, we are in a bull run!
**$BTC/USDT Alert:**
Bitcoin is gaining momentum, currently priced at $63,395.99 and rising with a +0.70% increase. The chart reveals a sharp rally, breaking through key resistance at $63,400, hitting new highs as bullish sentiment takes over. The 24-hour high is at $63,400, with a low of $62,350, indicating a possible breakout.
Could this be the beginning of another exciting Bitcoin run? Watch for volatility as we approach the next resistance levelâthe bulls are in charge!#Write2Earn! #BTCâ #Write2Earn! #bitcoinâïž #Write2Earn!
$GLM /USDT
Understanding Support and Resistance in Trading
In financial markets, support and resistance are key concepts that help traders identify potential price levels where a security may reverse or stall.
Support refers to a price level where a downward-trending asset tends to pause or rebound, as buying interest increases at that point. It acts as a "floor," preventing prices from falling further. Traders often look at historical price data to identify where the asset found support in the past, using it as a guide for future trades.
Resistance, on the other hand, is a price level where an upward-trending asset struggles to rise further, as selling pressure tends to increase. It acts as a "ceiling," limiting the assetâs price from rising significantly without a strong catalyst.
Traders use support and resistance levels to make informed decisions, such as entering or exiting trades. For instance, they may buy near support and sell near resistance. These levels can also be dynamic, adjusting based on trends, moving averages, or key psychological price points.
Identifying support and resistance can be a powerful strategy to enhance trading outcomes by anticipating potential price reversals or breakouts. However, no strategy is foolproof, and these levels can be broken during volatile market conditions.
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #NeiroOnBinance
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Bitcoinâs 6-Month Bullish Signal: Critical Warning From Analysts.
Analyst and trader Kevin Svenson has stated that a historically reliable signal for Bitcoin ($BTC ) to $63,293 is back on the rise. This pattern seen in Bitcoinâs weekly RSI signal could be a sign of a major bull run, according to analysts.
Speaking to his followers on his YouTube channel, Svenson said that Bitcoinâs Relative Strength Index (RSI) is repeating a pattern historically seen before major bull runs. Svenson says that the weekly RSI has broken through its resistance, which could lead to at least a six-month uptrend.
Based on this indicator, Svenson predicts that Bitcoin will soon break its all-time high and continue its rise until at least March. He believes this will also lift the broader cryptocurrency market.
Svenson says that they have received the most reliable signal on Bitcoinâs weekly chart. Breaking the weekly RSI resistance usually results in big gains, which usually indicates a six-month uptrend.
At the time of writing, Bitcoin is trading at $63,089, up 4.1% in the last week. Positive signals from Bitcoinâs technical indicators are increasing investorsâ and analystsâ expectations.
This significant breakout in Bitcoinâs weekly RSI is drawing analystsâ attention and indicates the start of a six-month uptrend. However, it is important to remember the volatility of the markets and the importance of risk management. Investors should do their own research and be careful about risk management.
#KIP #KIPprotocol #CryptoDeNostradame #ParrotBambooCrypto
$APT /USDT Market and Technical Analysis
The APT/USDT trading pair is currently priced at $8.19, reflecting a significant gain of 12.97% in the latest trading session. This price is slightly above the 7-day moving average of $8.17, indicating positive momentum. Over the past 24 hours, APT reached a high of $8.39 and a low of $7.19, with trading volumes of 6.07 million APT and 47.56 million USDT, highlighting strong market interest.
Key resistance levels to monitor are at $8.39 and $8.46, while support levels can be found at $8.19 and $7.57. The increased trading volume suggests heightened activity among traders, contributing to the bullish sentiment. As the market continues to show positive signs, it remains important for participants to employ effective risk management strategies to navigate potential fluctuations and capitalize on emerging trends.
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #BinanceLaunchpoolHMSTR
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