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🚀🚀🚀 #ETFs : Will #Bitcoin‬ hit a fresh all-time high in 2024? Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024. - BTC's Recent Performance: Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market. - Impact of ETFs: The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows. - ETF Holdings: Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin. - BlackRock's Dominance: #BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption. - Halving Event: Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024. - Scarcity Model: The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism. - Market Predictions: While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024. - Current Status: As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics. Source - crypto.news

🚀🚀🚀 #ETFs : Will #Bitcoin‬ hit a fresh all-time high in 2024?

Bitcoin's potential to surpass its previous all-time high (ATH) of nearly $70,000 is fueled by the emergence of exchange-traded funds (ETFs) & the upcoming halving event scheduled for April 2024.

- BTC's Recent Performance:

Bitcoin recently surged to its highest price since 2021, approaching its record peak of $69,000 before a correction. It currently stands above $63,000, driven by significant capital inflows into the global cryptocurrency market.

- Impact of ETFs:

The approval of spot ETFs for Bitcoin in the U.S. has attracted billions of institutional dollars, contributing to its upward trajectory. Out of the 11 approved ETFs, 10 are actively trading & have garnered substantial inflows.

- ETF Holdings:

Nine approved ETFs manage over 300,000 BTC, valued at $17 billion, while #grayscale 's holdings amount to approximately $27.61 billion, totaling around $43 billion worth of Bitcoin.

- BlackRock's Dominance:

#BlackRock , managing assets exceeding $7 billion, leads among ETF operators. Trading volume for its iShares Bitcoin Trust (IBIT) surged on Feb. 28, indicating widespread adoption.

- Halving Event:

Bitcoin's halving, occurring every four years, historically sparks price surges. Analysts predict it could drive Bitcoin to new highs, targeting at least $130,000 by 2024.

- Scarcity Model:

The halving maintains Bitcoin's scarcity, aligning with its deflationary principles by reducing mining rewards from 6.25 to 3.125 BTC per block. This ensures only 21 million $BTC will ever circulate, emphasizing Bitcoin's controlled supply mechanism.

- Market Predictions:

While many expect Bitcoin's price to soar post-halving, some, like JPMorgan, predict a drop to $42,000. The market's response will determine whether #bullish forecasts materialize in 2024.

- Current Status:

As of writing, Bitcoin trades at $63,748, with a market cap exceeding $1.2 trillion. Its future trajectory hinges on factors like ETF adoption & the halving event's impact on supply dynamics.

Source - crypto.news

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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🚀🚀🚀 Surging #EthereumWhales Transactions Hint At Upcoming $ETH Price Rally Ethereum (ETH), the world's second-largest cryptocurrency, has experienced a significant rebound, surging nearly 15% in the past ten days from its recent lows of $3,000. At the time of writing, the Ethereum price stands at $3,510, marking a 1.1% increase, reaching a pivotal point with a market capitalization of $421 billion. - Accumulation of Ethereum by Whales Recent insights provided by crypto analyst Ali Martinez reveal a notable uptick in whale transactions involving Ethereum (ETH) amid the recent price correction. This surge in whale activity is seen as a #bullish signal, suggesting potential upward movements in Ethereum's price in the near future. - Price Outlook for Ethereum Analysts anticipate the Ethereum price rally to extend to $4,000 and potentially reach its all-time high of $5,000 by the end of the year. However, opinions are divided regarding the approval of a spot Ethereum ETF, with major players like Bitwise expressing optimism about SEC approval by mid-May 2024. - Recent ETH Price Action Following a downward correction, Ethereum briefly fell below the $3,550 mark before finding support around $3,450, mirroring movements in the Bitcoin market. Subsequently, bullish momentum emerged, leading to a rebound in price, with a low formed near $3,459. Ethereum surged past the $3,520 resistance and the 50% Fibonacci retracement level from its recent dip, while also breaking a key bearish trend line near $3,540 on the hourly chart. Ethereum is currently above $3,520 and the 100-hourly Simple Moving Average. Near-term resistance is expected around $3,600, followed by a significant barrier at $3,630, corresponding to the 76.4% Fibonacci retracement level. Upside potential extends to $3,680, possibly leading to a push towards $4,000. On the downside, initial support is at $3,480, with further targets at $3,250. Source - coingape.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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🔥🔥🔥 #Solana⁩ Shooter 'Nyan Heroes' Boosts Airdrop Rewards in Epic Games Demo 9 Lives Interactive announced on Friday that their Solana-based shooter game, Nyan Heroes, is offering double the rewards points, dubbed "MEOW" points, in its current play-to-airdrop campaign this weekend. This move aims to provide additional incentive for players to explore the current pre-alpha PC demo available on the Epic Games Store. During the boosted play-to-airdrop event, which runs from March 30 to April 1, gamers can earn double the standard rewards points by playing the game and completing missions. Players participating in the Nyan Heroes play-to-airdrop campaign can accrue MEOW points until the pre-alpha demo is taken down from the Epic Games Store on April 9. These points will later convert into an allocation of the upcoming NYAN token on the Solana #Blockchain . In Nyan Heroes, players earn MEOW points by completing in-game missions such as achieving victories, executing wall runs, and respawning their cat’s mech suit after destruction. Developed by 9 Lives Interactive, Nyan Heroes is a team-based shooter game similar to Overwatch, leveraging the Solana blockchain for its digital assets. Players assume the roles of feline mech pilots in the game. The excitement surrounding Nyan Heroes prompted 9 Lives Interactive to announce a partnership with G2 Esports on Wednesday. The Solana Foundation tweeted on Tuesday, "Solana games are going mainstream." Nyan Heroes, after ranking #7 on the Epic Games Store wishlist, is now available for anyone to play. Thanks to its low cost and high transaction speeds, the Solana blockchain has become a preferred network for crypto games. Star Atlas, a highly anticipated Solana-based space-faring game, conducted a 1,000-player stress test on its private service in January. With SOL token rising 12% this week to a price above $191, Solana currently ranks among the top five #cryptocurrencies by market capitalization. Source - decrypt.co #CryptoNews🔒📰🚫 #BinanceSquareTalks $SOL
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👉👉👉 #PhishingScams Targeted Decrypt Newsletter Subscribers—Here’s the Latest In the early hours of March 27, #hackers posing as Decrypt sent an email to our newsletter subscribers announcing a fabricated token airdrop. Upon discovering the phishing attempt, we promptly sent a follow-up email to alert our readers of the scam. Regrettably, in our urgency to caution our subscribers and due to a previous phishing incident in January, we mistakenly attributed fault to our email service provider, MailerLite, for this attack. However, it has since been clarified that the hackers obtained our password key from Decrypt's end—MailerLite bears no responsibility. “Due to security measures, MailerLite does not retain API key information, making it inaccessible in MailerLite’s admin panel or the account in general,” explained a MailerLite spokesperson today. “As a result, despite Decrypt Media's account being affected during the data breach on January 23, 2024, perpetrators were unable to access API keys that could facilitate the sending of phishing campaigns on March 27, 2024.” We extend our sincere apologies to MailerLite for our hasty misjudgment. We'll cooperate with law enforcement as we investigate. MailerLite reported that the phishing campaigns originated from IP address "69.4.234.86" and used user agent "python-requests/2.31.0" via their API. The intruders removed addresses ending in decrypt.co or decryptmedia.com from our list to evade detection before sending the fraudulent emails. While most readers remain vigilant against phishing attempts, one individual tried to connect their wallet to a bogus address. Even one instance is concerning. #CryptoScams are rampant and sophisticated. Decrypt, like other crypto entities, has been impersonated. Hackers create fake websites, Discord servers, and social media accounts impersonating our team. Note that we only operate under decrypt.co and decryptmedia.com domains—be cautious of other domains! Source - decrypt.co #CryptoNews🔒📰🚫 #BinanceSquareTalks
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🔥🔥🔥 What’s A Simple #Strategy For Buying & Selling #Bitcoin ? This Analyst Answers A #cryptocurrency analyst has unveiled a straightforward approach for timing Bitcoin purchases and sales based on historical patterns observed in two key $BTC on-chain indicators. These indicators, known as Net Unrealized Loss (NUL) and Net Unrealized Profit (NUP), track the total amount of unrealized loss and profit carried by investors, respectively. The methodology involves examining the transaction history of each circulating coin to determine its last transacted price. If the previous price was lower than the current spot price, indicating a profit, it contributes to the NUP. Conversely, if the cost basis exceeds the current value, it adds to the NUL. Historical analysis of the NUL suggests that when the indicator surpasses the 0.5 level during periods of bear market lows, it could be an opportune moment to increase holdings. Conversely, the NUP historically exceeding the 0.7 level during major tops could indicate a potential selling opportunity. Currently, both indicators reflect trends in Bitcoin's price action. The NUL hovers near the zero mark, suggesting minimal unrealized losses amid recent all-time highs, while the NUP is yet to breach the crucial 0.7 level, indicating the market may not have reached an overheated state. It's worth noting that while these indicators haven't precisely pinpointed tops or bottoms in the past, following the strategy of buying during NUL signals and selling at NUP levels has historically been profitable, despite occasional discrepancies. As Bitcoin trades around $69,400 at the time of writing, down 2% in the last 24 hours, investors may consider these indicators as additional tools for decision-making amid market volatility. However, the sustainability of these patterns in the current Bitcoin cycle remains to be seen. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareBTC
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#dogwifhat Becomes Third-Largest #MemeCoin as Bitcoin Clings to $70K Meme coins, led by Solana-based dogwifhat (WIF), surged ahead, outpacing sectors like DeFi and exchange tokens. DOGE-tracked futures trading hit a record $2 billion, prompting warnings of a potential pullback amid signs of market fatigue in bitcoin and ether. For the second consecutive day, meme coins, spearheaded by dogwifhat (WIF), dominated the market, while Bitcoin hovered around $70,000 with minimal movement. Ether, Solana's $SOL , and Cardano's $ADA saw slight declines, while Bitcoin Cash (BCH) recorded a 4% increase. Meme coins surged by an average of 8%, surpassing sectors like decentralized finance, yield farming, and exchange tokens, according to CoinGecko data. The rally in meme tokens began amid speculation of DOGE's integration into an upcoming payment service by social app X, though no official confirmation was made. Dog-themed tokens like floki (FLOKI) and WIF experienced significant gains, with WIF becoming the third-largest meme token by market capitalization, reaching over $4. Some trading firms cautioned against sustainability, citing exhaustion signs in bitcoin and ether markets. Elevated funding and forwards suggest hefty premiums for leveraged long positions, warranting caution despite a bullish outlook. Source - coindesk.com #CryptoNews🔒📰🚫 #BinanceSquareTalks $BTC
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