Today the market is in full mood seeing that Dominance is dropping. If you have short term target you can book profit but if you want big profit then you need to hold for a little more time.
If you hold with long target, the market will come down again and your profit will go to loss again but after some time you will see a big amount of profit.
Now the decision is yours. Do what feels good to you
Michael Saylor Hint for buying BTC again and also posted on twitter that “MicroStrategy has acquired 2,138 BTC for ~$209 million at ~$97,837 per bitcoin and has achieved BTC Yield of 47.8% QTD and 74.1% YTD. As of 12/29/2024, we hodl 446,400 $BTC acquired for ~$27.9 billion at ~$62,428 per bitcoin. $MSTR”
As Bitcoin investors focus on a possible “January” where the financial asset will likely surge as the data resets, crypto.news will examine the topical nature of the topic as part of our weekly insights.
• Bitcoin fell more than 12% from its monthly highs to $94,830 as the Santa Claus rally failed. Bitcoin trading volume fell to $22 billion on Sunday, Dec. 29, from $41 billion the day before, according to CoinGecko.
• Historical data shows that Bitcoin’s performance in January has been mixed, with only six out of the last 10 years seeing an increase, including a modest 0.62% increase this year. February, by contrast, was a stable month for Bitcoin, with only two losses in the same period.
Tether reports net profit of $5.2Billion in H1 2024 . If USDT is this much profitable and large then why everyone is scared and calling it illegal ? . The answer is > USDT past incidents . 2016 - 17 > Bitfinex hacked and USDT was in question for Reserve because Bitfinex & USDT both are from iFinex. . 2019 > New York Attorney General launched an investigation into Bitfinex and Tether - $850 Million Bitfinex loss cover up reveal - 74% backed by cash and securities . 2021 > Paid $18.5 million fine to NYAG for case settlement . Now, you might have understood why people are scared for USDT
Recently Coinbase delisted USDT from their exchange due to European Union restrictions on USDT.
Now the question is, should we sell USDT? In my opinion this news will not affect USDT much as this restriction is only for EU area. There is no problem in other area.
But keep your eyes and ears open so that you can immediately convert your USDT to another stablecoin if there is bad news.
ALT Coin is pumping slowly because there is a drop of bitcoin dominance. From the below chart (the marked Zone), dominance can go up rise again . Till now focus on that zone and tries to book profit after seeing how it reacts after coming to this ZONE.
I say again, now do not follow the chart of Bitcoin but follow the chart of Dominance. Now Dominance is playing the biggest role in the market.
How was the bull market of 2020/21? November and December 2020 gave a lot of pain before the big movement in the market. The actual pump has started since January. I hope history repeats itself this time too. Those who endure the current pains and survive in the market will get out of the market with a good profit inshallah. So, prepared for the month of January-March. #BullRunAhead #BTC
Lets Talk about Aptos (APT) Currently Aptos is sitting on 9.62, It will go high in near future . My Target is about $20 for long term. Basically Aptos is a Layer-1 blockchain built to offer high scalability, low latency, and security while being developer-friendly. The project was created by former Meta (Facebook) engineers, specifically from the Diem (formerly Libra) project, which was Meta's attempt to create a stablecoin and blockchain network. After Meta shut down the Diem project, the team pivoted to create Aptos. The Aptos blockchain leverages Move, a programming language originally developed for the Diem blockchain, which is designed for safe and efficient execution of smart contracts.
Today, XRP is trading at approximately $2.35, reflecting a 4.44% increase from the previous close.
Positive Indicators for XRP GrowthLegal Clarity: Ripple's partial victory in its case against the SEC (earlier in 2023) boosted investor confidence. Legal clarity could continue to attract institutional and retail investors.
Utility in Cross-Border Payments: XRP's primary use case as a bridge currency for cross-border payments remains strong. Increased adoption of Ripple's payment solutions by banks and financial institutions could drive demand for XRP. Broader Crypto Market Trends: A bullish crypto market generally lifts altcoins like XRP. If Bitcoin and Ethereum continue to perform well, XRP might follow.
Risks and ChallengesRegulatory Uncertainty: While Ripple has achieved some clarity, ongoing regulatory challenges, especially outside the U.S., could impact XRP's price.
Market Volatility: The crypto market is inherently volatile. Sudden market downturns could impact XRP's price performance.
Competition: XRP faces competition from other cryptocurrencies that focus on similar use cases, like Stellar (XLM) and other blockchain-based payment systems.
Key Levels to WatchResistance: If XRP breaks through its resistance levels ($2.50 and beyond), it could signal further upward movement. Support: If the price drops below key support levels (e.g., $2.00), it may indicate a temporary bearish trend.
Long-Term OutlookXRP's growth potential largely depends on its adoption, regulatory developments, and the broader crypto market sentiment. If Ripple continues to expand its partnerships and increase adoption for its technology, XRP could see long-term growth. However, investors should always perform their due diligence and diversify their portfolios to manage risks effectively. #Xrp
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