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Top 10 Crypto News In The Last 24 Hours 🚀 1️⃣ 💰 Bitcoin registers biggest single-day loss since FTX's collapse. 2️⃣ 🇺🇲 BlackRock receives memecoins, NFTs after depositing $100M USDC onchain. 3️⃣ 💰 Solana memecoin trader nets $8.9M profit in an hour on $SHROOM, raising ‘insider’ allegations. 4️⃣ 📱 Apple co-founder wins against YouTube in Bitcoin scam lawsuit. 5️⃣ 💰 Coinbase in multifront court battle with SEC. 6️⃣ 📲 Robinhood rolls out crypto wallet to Android users globally. 7️⃣ 💰 Coinbase to launch DOGE futures, says it 'transcended' meme origins. 8️⃣ 🇭🇰 A CBDC trial in Hong Kong could finally enable blockchain to digitise shipping, with help from Ant Group. 9️⃣ 🇰🇷 Montenegro Appellate Court rejects Do Kwon’s appeal of South Korean extradition. 🔟 🇭🇳 Honduras gains new support in $11B tussle with crypto island Próspera.
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📢In the past 24 hours 106,869 traders were liquidated. ➡️The total liquidations comes in at $311.50 million ➡️The largest single liquidation order happened on OKX - ETH-USDT-SWAP value $5.86M #write2earn
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Bitcoin Leaves Tesla in the Dust, but Morgan Stanley Remains Bullish on the EV Leader’s Stock.
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4 Phases of The Bitcoin Halving 1. Pre-Halving Rally Approximately 35 days remain until the Bitcoin Halving in April 2024 History has repeated in this respect Now, Bitcoin is slightly more halfway through its Pre-Halving Rally phase Even so, Bitcoin has performed a historic, never-before-done feat in its price action in the Pre-Halving period... It has broken to new All Time Highs This Pre-Halving Rally phase has thus been extensive,However technically, the next step is a Pre-Halving Retrace.Historically, in anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News" Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself 2. Final Pre-Halving Retrace After the Pre-Halving Rally has concluded... A Pre-Halving retrace tends to occur a few weeks before the Halving event itself (dark blue circle) In 2016, this Pre-Halving retrace was -38% deep In 2020, this Pre-Halving retrace was -20% deep Also, this Pre-Halving Retrace could also be much shorter than has otherwise been the case historically 3. Re-Accumulation The Pre-Halving retrace is followed by multi-month re-accumulation (red) This period can last up to 150 days (i.e 5 months) Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving. 4. Parabolic Uptrend Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green) It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle $BTC #Crypto #Bitcoin #Write2Earn
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