William Clemente, a well-known on-chain analyst with about 685,000 Twitter followers, predicted on his Twitter that “#Bitcoin’s long-term bull market is just beginning.” 

👉👉👉 These Institutions Have Bought 3.3% of #Bitcoin’s Supply in 3 Weeks

The recent approval of Bitcoin exchange-traded funds (#ETFs ) has triggered discussions about the potential long-term impacts on Bitcoin's supply and value. While the immediate effect on its price may not be significant, the approval has led to a reversal, with institutional players behind Bitcoin ETFs accumulating the digital asset.

Major financial institutions, including BlackRock, the world's largest asset manager, have entered the space, raising expectations that the growing involvement of retail investors in Bitcoin ETFs could contribute to future price increases.

Bitcoin ETF Applicants Amass Bitcoin Supply
Reports indicate that the 11 recently approved Bitcoin ETF applicants collectively hold approximately 3.3% of the current circulating Bitcoin supply.

Among the approved applicants are well-known entities such as Grayscale, BlackRock, Fidelity, Franklin Templeton, Invesco, VanEck, WisdomTree, Hashdex, Bitwise, Valkyrie, and BZX.
As of the latest data from Ycharts, the total circulating supply of Bitcoin stands at 19.61 million.

Within the #cryptocurrency community, there is ongoing speculation about the potential impact of the upcoming Bitcoin halving in April on both the price & supply of Bitcoin. The halving, occurring every four years, involves a reduction in mining rewards, slowing the creation of new coins & decreasing the overall available supply.

At the time of reporting, the price of Bitcoin is $43,159.

Bitcoin ETFs Face Contrary Market Reaction
Despite widespread expectations of an immediate price surge following the SEC's approval of 11 spot Bitcoin ETFs on January 10, Bitcoin's value has experienced a subsequent decline of around 10%.

Gary Gensler, SEC Chair, expressed concerns about approving spot Bitcoin ETFs, suggesting they contradict Bitcoin's core principles by introducing centralization. He warned that this move might fuel speculation and increase volatility in an already unpredictable market.

Source - beincrypto.com

#CryptoNews #BinanceSquareBTC $BTC

#BITCOIN    IS PUMPING HARD 🚀

#Bitcoin’s #bitcoindominance #Binance #BinanceTournament

Trader Who Called 2023 #Crypto Rally Has ‘Gut Feeling’ on #Bitcoin’s Next Big Move

A trader who caught this year’s crypto rally says that Bitcoin’s ($BTC ) recent price action does not bode well for the top digital asset’s outlook.

Pseudonymous analyst #DonAlt  tells his 497,700 #Twitter's followers that he believes the crypto markets are ripe for a sell-off event.

#Ether #ETFs Could Be Approved by May, Experts Predict
Could Ethereum follow #Bitcoin’s lead with potential May approval of a spot ETF, despite lingering doubts?

Excitement and doubt have been swirling as the SEC considers the possible approval of Ether ETFs.
Timing has remained a mystery, leaving both crypto enthusiasts and traditional finance on edge.
Bitcoin’s ETF approvals have paved the way, but will Ethereum’s unique features create obstacles?

#Bitcoin’s Dip Below $26K Sparks Analyst Speculation of a $20K Retest

Despite holding above $26,000 over the weekend following a plunge just days earlier, #Bitcoin dropped below this threshold again on Monday.

#Bitcoin’s supply is inherently limited to 21 Million coins, ensuring scarcity and value preservation.

As of now, around 19.4 million bitcoins have been mined.

Always #DYOR & Trade with #StopLoss

🚨 BREAKING 🚨

$87 BILLION ASSET MANAGER
WISDOMTREE OFFICIALLY FILED
FOR SPOT BITCOIN ETF.

INSTITUTIONS ARE FOMOING INTO
BITCOIN WITH TRILLIONS & BILLIONS 🔥
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $USDC

👉👉👉 #Bitcoin’s ‘remarkable’ growth and CBDCs threaten the US dollar: Morgan Stanley

Morgan Stanley's head of digital assets, Andrew Peel, has raised concerns about a potential "paradigm shift" in the perception and use of digital assets, including Bitcoin and central bank digital currencies (CBDCs), that could challenge the dominance of the United States dollar (#USD ) as a global currency. Despite the USD making up approximately 60% of global foreign exchange reserves, Peel highlighted the accelerating shift in global perceptions and usage of digital assets, especially with the recent approval of spot Bitcoin exchange-traded funds (#ETFs ) by the U.S. Securities and Exchange Commission (SEC). The influx of over $1.18 billion in weekly inflows into these new products indicates a growing interest in digital assets.

Peel emphasized Bitcoin's remarkable global adoption over the past 15 years, with 106 million people worldwide holding the cryptocurrency and the presence of Bitcoin ATMs in over 80 countries. He also pointed out that the development of CBDCs by various countries could further impact the dominance of the USD, allowing for swift cross-border payments without relying on a common currency like the USD.

The proliferation of CBDCs is evident, with 130 countries, representing over 98% of global GDP, exploring or developing their own digital currencies, according to data from #CBDC Tracker. This significant increase in CBDC exploration adds to the potential challenges facing the USD's global dominance.

Source - cointelegraph.com

#CryptoNews

🚀🚀🚀 $400 to $532K: Tracing #Bitcoin’s #journey and S2F Forecasts

Starting their Bitcoin journey in 2015 with a purchase at $400, an investor reflects on the evolving trajectory of the digital currency. In 2019, amidst skepticism, the investor authored an article using the Stock-to-Flow (S2F) model, predicting a $55k valuation for Bitcoin when it was around $4,000. Despite facing skepticism, Bitcoin has since witnessed a tenfold increase, reaching approximately $40k, validating the earlier S2F prediction.

Looking ahead, the current S2F model forecasts an even more ambitious target of $532k for Bitcoin post the 2024 halving event. Scheduled to reduce mining rewards and increase scarcity, the halving may impact Bitcoin's value. The investor's journey and Bitcoin's unpredictable trajectory highlight the volatile nature of the #cryptocurrency market. While the S2F model offers a framework based on scarcity, critics argue that market dynamics are too complex for a single metric.

As the 2024 halving approaches, the cryptocurrency community awaits to see if the S2F model's bold prediction materializes. Whether Bitcoin reaches the forecasted $532k or not, its journey from a niche investment to a major financial asset underscores its growing impact and acceptance.

Source - cryptonewsland.com

#CryptoNews🔒📰🚫 #BinanceSquare $BTC

WHY CRYPTO MARKET MANIPULATED..?

#BlackRock’s proposed Bitcoin Spot #ETFs is no longer listed on the Depository Trust and Clearing Corporation "DTCC" website.

The iShares Bitcoin "IBTC" Trust had previously been the first potential #ETF to list on the site.

Bloomberg analyst Eric Balchunas said that the listing was “notable” and showed BlackRock as “leading charge on these logistics (seeder, ticker, dtcc) that tend to happen just prior to launch.”

“Hard not to view this as them getting signal that approval is certain/imminent,” he added Monday.

The developments come amid a rally in the price of bitcoin that has been attributed, at least in part, to positive sentiment around US regulatory approval of a bitcoin ETF.

As well as,
The U.S. Securities and Exchange Commission (SEC) said a former BlackRock Advisors, LLC portfolio manager has agreed to pay a $250,000 penalty to resolve charges he failed to disclose a conflict of interest.

The #SEC said that Randy Robertson, the portfolio manager, did not properly disclose a relationship he had with a film distribution company in which the fund he managed for #BlackRock invested millions.

After this news, of listing $BTC in Spot ETF, all #CryptoMarket suddenly pumped on Monday very high in short time period approx. $7k-$8k of growth within 24 hrs., but after delisted it from DTCC websute, Bitcoin crashed out approx. $3k.

#Bitcoin’s ( $BTC ) price briefly crossed $35,000 plus, and as of writing time is trading around $33,600. 

Always #DYOR before invest in Crypto, it's NFA 🙏✔️

#Avalanche ( $AVAX ), like the rest of the market, has been on a recovery track following Bitcoin’s run-up. The digital asset is already up double-digits over the last week already, but #crypto analyst Michael van de Poppe believes there is still room for more gains for the #altcoin Avalanche (AVAX), like the rest of the market, has been on a recovery track following #Bitcoin’s run-up. The digital asset is already up double-digits over the last week already, but crypto analyst Michael van de Poppe believes there is still room for more gains for the altcoin

🔥🔥🔥 #Bitcoin’s price could hit $2.3 million if it captures over 19% of global assets, #Ark Invest suggests

In a recently published report titled 'Big Ideas 2024,' ARK Invest projects a potentially lucrative path for Bitcoin, suggesting that optimal global asset allocation could drive its price from $120,000 to an impressive $2.3 million. The analysis explores the impact of technology on global industries & economies, with a focus on Bitcoin's role in investment portfolios & potential catalysts for its price movements in 2024.

According to ARK Invest, allocating 1% of the massive $250 trillion global assets to Bitcoin could result in a price surge to $120,000. Further projections indicate that, based on a 4.8% allocation (the average maximum Sharpe Ratio from 2015-2023) over a rolling 5-year time horizon, Bitcoin could rally to $550,000. The most ambitious scenario involves a 19.4% allocation, potentially catapulting Bitcoin's price to around $2.3 million.

The research underscores Bitcoin's outperformance compared to major asset classes like gold, equities, & real estate in long-term investment returns. Bitcoin's compound annual growth rate (CAGR) stands at an impressive 44%, far surpassing the average CAGR of 5.7% for other asset classes.

ARK Invest emphasizes the long-term viability of Bitcoin investments, noting that despite its volatility, holding Bitcoin for at least five years has historically resulted in profits. The report states, "Bitcoin’s volatility can obfuscate its long-term returns. While significant appreciation or depreciation can occur over the short term, a long-term investment horizon has been key to investing in bitcoin."

The ARK Invest report identifies four catalysts for Bitcoin in 2024: spot #BitcoinETFs , Bitcoin halving, institutional adoption, & regulatory developments. Previous halving events suggest a potential bullish impact. The report provides an optimistic outlook, projecting Bitcoin prices between $120,000 & $2.3 million based on global asset allocation levels.

Source - cryptobriefing.com

#CryptoNews #BinanceSquareBTC

🚨 BIG BREAKING 🚨

UNITED STATES IS LAUNCHING
ITS OWN CRYPTO EXCHANGE EDX
MARKETS BACKED BY BIGGEST
INVESTORS IN AMERICA- CITADEL,
CHARLES SCHWAB AND FIDELITY
DIGITAL ASSETS.

IS THIS THE REASON WHY EVERYONE
IS FUDDING AND GOING AFTER BINANCE ?
#cryptomarketcap #Bitcoin’s #bitcoindominance #volume #BinanceTournament $BTC $ETH $BNB

#Bitcoin’s Position Among the World’s Biggest Companies

#Web3 #Blockchain

🔥🔥🔥 Glassnode Co-Founder Warns: #Bitcoin’s Surge Could Trigger A $1 Billion Liquidation Event – Here’s Why

Jan Happel and Yann Allemann, co-founders of Glassnode, provided valuable insights into Bitcoin price dynamics, emphasizing the significance of liquidity. Their analysis suggests that Bitcoin's recent surge beyond $42,200 has established a substantial liquidity pool for long positions, resulting in a "neutral impulse" in the market.

This trend indicates Bitcoin's intention to bridge the liquidity gap above the $42,000 mark, potentially leading to increased volatility and notable market shifts. Negentropic, a Glassnode analyst, predicts that the #bullish momentum could trigger liquidations totaling $1 billion in short positions, potentially sparking a "short squeeze" and a rapid price increase. Such movements often create an environment conducive to Bitcoin's growth.

Negentropic also linked the growing liquidity in the crypto market to China's efforts to stabilize its markets by injecting substantial liquidity. This development is seen as a crucial catalyst for #cryptocurrencies like Bitcoin and equity markets in the first half of 2024.

In tandem with these developments, Bitcoin has experienced a resurgence, currently trading at $43,325, reflecting a 6% increase over the past week. Despite this upward movement, the daily trading volume has decreased from $26 billion last Monday to $14 billion today, signaling a cautious market sentiment.

Bullish signals persist in the market, with analysts like Jelle suggesting that with Bitcoin reclaiming the $42,000 level, it may be time to focus on long positions again. Michael van de Poppe, another prominent crypto analyst, expressed optimism in his recent YouTube video, suggesting that the recent Bitcoin price correction might have concluded.

Supporting the bullish sentiment, Ali's chart analysis reveals a rise in large Bitcoin holders, with an additional 46 entities now holding 1,000 $BTC or more, representing a 3% increase in just two weeks.

Source - newsbtc.com

#CryptoNews #BinanceSquareBTC

#Bitcoin’s Exchange balance drops to 5-year low as price hits $30k from 2017.

Only 11.71% of Bitcoin's supply is currently held on exchanges.

The crypto analytics platform – Santiment – indicated that the amount of bitcoin held on digital asset exchanges has recently plummeted below 6%. The last time the figures were that low was in December 2017.

Since June 22, Bitcoin has been trading above the critical psychological level of $30,000. This price rally is a result of increased demand for the digital asset, a demand that is further exacerbated by the low availability of $BTC on exchanges.

More and more #HODLers seem to prefer to store their crypto on cold wallets than deal with exchanges.

Always #DYOR &
Trade Wisely by using #StopLoss ,
It's NFA
#BinanceTournament

87% Crypto Investors MISS This #Altcoin! YOU MUST NOT

Once described as silver to #Bitcoin’s gold, somehow #Litecoin has become a forgotten-about project. And that’s a mistake on many levels. The recent halving is started to remind people of the good it's doing. It’s doing well on its stated goal of being a payments coin. It’s NEVER had any downtime and its token presents a great value right now. Let’s see why you should bring this coin back onto your radar.

1 BITCOIN = TWENTY SEVEN THOUSAND
FOUR HUNDRED UNITED STATES DOLLARS$BTC $BTC #Bitcoin’s #volume #bitcoindominance

Bitcoin is going to $100k-$150k in
this next cycle.
Get ready boys#Bitcoin’s #bitcoindominance #cryptomarketcap