investors

The cryptocurrency community is on the edge of a massive rug pull, warned by famous Analyst Nate!!

The upcoming decision on U.S. $BTC ETF has become a focal point of excitement within the crypto community, with potentially far-reaching implications for the market.
Analyst Nate, a prominent figure, has issued a cautionary alert to investors, suggesting that the #cryptocurrency world could experience a monumental price decline if the #BitcoinETF faces rejection.
"If spot bitcoin ETF is not approved in January, might be one of bigger #Rugpull in crypto history," -he noted.
Set for an early January release, this decision carries significant weight as it has the potential to elevate crypto's status within mainstream finance.

The recent surge in Bitcoin's value to $45,000 has been fueled in part by anticipations around the ETF's approval, alongside applications put forth by major players such as #BlackRock and Cathie Wood's Ark Invest.
The positive momentum has been further fueled by various other factors and comes at a consequential time following the FTX collapse.
The active involvement of heavyweight financial institutions like BlackRock and Fidelity has prompted experts to envision substantial growth potential for the industry. Bloomberg Intelligence has gone a step further by predicting a potential influx of over $100 billion in investments into the $BTC ETF market, drawing parallels to the emergence of gold ETFs in the early 2000s.
While the prospects are promising, there are valid concerns looming over the market.

With Bitcoin currently hovering around $40,000, a negative response from the #SEC regarding the ETF could potentially trigger a significant market contraction. It's clear that the industry is delicately positioned, with the SEC's forthcoming decision poised to either provide a propulsive boost or deliver a setback to this burgeoning market. The outcome remains uncertain, leaving the industry and #investors on edge as they await this critical decision.
Despite this warning, Nate remains optimistic about the approval odds, further elevating the anticipation surrounding this pivotal decision.
As we stand on the edge of potential groundbreaking regulatory approval, the anticipation surrounding the U.S. Bitcoin ETF decision signifies a monumental milestone for the crypto market. With the potential for inflows of institutional capital, this development could significantly impact the market dynamics and further solidify Bitcoin's position in mainstream finance.
What do you think about the potential approval of a $BTC ETF and its long-term implications for the crypto market?
We'd love to hear your thoughts and insights on this pivotal development. Speak out your thoughts in the comments section below!

#investors #uselections #Trump2024 #BTC #BinanceEverywhere

Introduction

QCP Capital, renowned for its in-depth cryptocurrency analyses, has released a new market report highlighting a notable trend: investors are gravitating towards safer assets as the U.S. presidential elections approach. The analysis reveals that the recent debate between Donald Trump and Kamala Harris failed to provide clear economic policy insights, leading to growing disappointment and apprehension in the cryptocurrency market.

Shift Towards Safer Assets as Elections Loom

QCP Capital’s analysis indicates that despite Kamala Harris appearing to gain more favor than Donald Trump in public opinion polls following their debate, neither candidate presented a clear economic vision. This uncertainty is prompting investors to consider shifting their portfolios towards safer asset classes to mitigate the risks associated with the unpredictable political climate.
This shift away from riskier assets suggests a cautious outlook for Bitcoin (BTC) at $56,561.91 and other altcoins, as the lack of a definitive policy direction from leading political figures fuels market instability.

Attention Turns to Inflation Metrics

In the wake of the Trump-Harris debate, market attention has turned to the upcoming Consumer Price Index (CPI) data release, scheduled for today at 3:30 PM TSI. Current expectations predict a decrease in CPI from the previous 2.9% to 2.55%. However, QCP Capital posits that there may be an upward surprise in the CPI figures, which could impact market sentiment.
The firm notes that while CPI data remains important, its influence might be overshadowed by recent shifts in focus towards employment market data, which has become a critical economic indicator in recent months.
QCP Capital’s trading strategy reflects a cautious approach in light of the prevailing macroeconomic uncertainties. The company is focusing on investment structures that could offer returns in bullish scenarios but remains vigilant due to the current lack of clear guidance. Despite these uncertainties, QCP Capital remains hopeful that clarity may emerge in the fourth quarter, potentially offering a more defined investment path for the future.

In the Forcount Ponzi scandal, U.S. courts sentenced cryptocurrency marketer Juan Tacuri to 20 years in prison for his role in a fraudulent scheme masquerading as a #CryptoMining venture. This scam targeted thousands of #investors , particularly in Hispanic communities across the United States. Originally from #Germany , Tacuri helped launch Weltsys, which lured victims with enticing promises of high returns while draining their #Accounts . The scheme led to millions in losses, which Tacuri used to purchase luxurious properties. In addition to his prison sentence, the court ordered him to return $3.6 million and provide restitution to his victims, highlighting the need for vigilance against investment fraud.
#MemeCoinTrending

Story Highlights
$FLOKI
could soar by 20% to reach the $0.000175 level if it closes a daily candle above the $0.000147 level.
66% of Binance #traders went long on #FLOKI? , while 34% took short positions.
FLOKI’s future open interest remained unchanged in the past 24 hours, despite the market reversal.
The popular meme coin Floki (FLOKI) is poised for a significant upside rally but is currently facing strong resistance. After a recent price decline of over 25%, the #memecoin🚀🚀🚀 is trying to rally, unlike major cryptocurrencies like Popcat (POPCAT), dogwifhat ($WIF
), and others. However, due to the strong resistance, it is struggling.
FLOKI #TechnicalAnalysis and Upcoming Levels
According to expert technical analysis, FLOKI is just a step away from its massive rally. It is currently facing resistance from the 200 Exponential Moving Average (EMA) on the daily time frame.

Source: Trading View
Based on the historical price momentum, if FLOKI breaks out from the 200 EMA and closes a daily candle above the $0.000147 level, there is a strong possibility it could soar by 20% to reach the $0.000175 level in the coming days. 
However, FLOKI’s Relative Strength Index (RSI) is currently in oversold territory, which signals a bullish price reversal in the coming days.
FLOKI’s On-Chain Metrics
Despite a positive outlook, FLOKI’s on-chain metrics suggest a mixed sentiment. According to on-chain analytics firm Coinglass, FLOKI’s Long/Short ratio currently stands at 1.048, indicating a bullish market sentiment among traders. A ratio value above 1 is considered a positive sign.

Source: Coinglass
However, traders on Binance appear very bullish on FLOKI. In the past four-hour 66% of traders went long on the meme coin, while 34% took short positions.
Additionally, FLOKI’s future open interest remained unchanged in the past 24 hours, despite the market reversal. This stable open interest hints that #investors are potentially afraid to build a new position until it breaks the 200 EMA resistance level.
Current Price Momentum 
At press time FLOKI is trading near $0.000143 and has experienced a price surge of over 2% in the past 24 hours. Despite this decent price increase, participation from investors and traders has skyrocketed, as its trading volume jumped by 70% during the same period.