##DYOR #cryptoupdate #Namus777

Twas the night before Christmas, when all through the house, not a creature was stirring," except for the largest trading shops in crypto markets.

On the rare occasions when the world's capital markets close, such as on Christmas Day and New Year's Eve, crypto brokerage shops, market makers and over-the-counter trading operations remain open for business and continue to take orders and offer liquidity.

This characteristic stems from crypto markets being 24/7 in general. Digital assets are exchanged continuously across public ledgers, crypto brokerages, exchanges, and a network of trading entities that collectively form the industry's emerging capital markets.

Notably, liquidity providers like Wintermute and GSR are mandated to uphold a certain level of presence, even on Christmas Day, serving as liquidity providers and managing over-the-counter trading desks. Market makers act as intermediaries, supplying buy and sell price quotes to ensure sufficient liquidity for traders to enter and exit specific assets. Meanwhile, an OTC desk caters to larger clients by facilitating off-exchange trading in significant volumes.

"Crypto markets never sleep, and neither does Wintermute's OTC desk," noted Evgeny Gaevoy, co-founder of Wintermute. "We are positioned to serve counter-parties from all geographies, recognizing that in some regions, including parts of Asia, Christmas is observed as a regular working day."

It's a similar story at GSR, which is also "always staffed.

BTC Updates 👇

#BTC #bitcoin #Binance #crypto2023 #cryptoupdate $BTC

BTC Currently trading in the symmetrical triangle, We need to wait for the breakout/breakdown of the triangle, Then we can decide the market direction accordingly.

#BTC #bitcoin #crypto2023 #breakout #cryptoupdate

What headwinds does crypto legislation face in 2024?
Legislative outlook:

Cryptocurrency legislation faces some major headwinds in 2024 including an upcoming election season, potential opposition from Securities and Exchange Commission Chair Gary Gensler, and pushback from some lawmakers who are concerned that some of the bills don't go far enough to regulate the sector. 

Crypto had a wild year from the criminal trial of former FTX CEO Sam Bankman-Fried and charges against multiple exchanges to some wins in the court for the industry, the downfall of former Binance CEO Changpeng Zhao and excitement for a spot bitcoin exchange-traded fund. Going into 2024, lawmakers likely have all that in mind as they work on legislation to reign in the industry. 

The focus has been largely on two Republican-led bills over the past year. One bill wants to regulate stablecoins on the federal level while the other takes a comprehensive approach to crypto's market structure. Both bills passed out of the House Financial Services committee led by Chair Patrick T. McHenry, R-N.C., in July, but would need to be brought to the Senate Banking Committee, which could prove to be a challenge next year. 

"Banking has been a tough nut to crack," said Sen. Cynthia Lummis, R-Wyo., a member of the Senate Banking Committee, in November during a panel at the Blockchain Association Policy Summit. "It is a committee that advances very little legislation and has been reticent in the area of financial assets that are digitally based." 

Chair McHenry, who is viewed as instrumental in pushing the stablecoin and market bill forward, recently announced he planned to retire at the end of his current term in early 2025, which could have an effect on the bills' passage.

#cryptoupdate #Namus777

🚨Sure, here's a simplified version:
Bitcoin is currently forming a symmetrical triangle pattern, and it looks like it will finish this pattern by tonight. Starting from💥 Monday, we might see Bitcoin's price going up, which is a good sign for investors. Keep an eye on Bitcoin as it could make some significant moves soon. #BTC #cryptoupdate

🚨 Biggest Update 📢 :- ( BTC )

Reasons Behind Bitcoin’s Recent Decline and Future Outlook:

Bitcoin (BTC) has scared investors with a drop of over 6% in the last 24 hours, falling to $42,000. The decline is particularly notable following the launch of spot Bitcoin ETF trading in the US. Experienced anonymous cryptocurrency analyst Ash Crypto provided a general assessment of why Bitcoin fell.

The Reason for Bitcoin’s Decline:

Cryptocurrency analyst Ash Crypto, in a recent analysis, delved into the factors that triggered the decline in Bitcoin following the approval of a spot ETF. According to Ash Crypto, the absence of speculation that preceded the approval and leaving nothing new for investors to anticipate post-approval led to the decline. The analyst highlighted that this situation caused disappointment among those expecting a significant rise to $55,000 and led to profit-taking.

Ash Crypto also noted that considering Bitcoin’s impressive rise from $15,400 to $48,000 fueled by spot ETF-related FOMO, a correction was natural and inevitable, offering a “sell the news” opportunity for those entering the market at lower price points.

On the other hand, the largest smart contract platform Ethereum (ETH) saw an increase of up to 15% over the last 7 days, which led to a shift in market expectations. The analyst mentioned that this changed investor behavior, with some moving their funds from Bitcoin to Ethereum (ETH). This move is associated with the anticipation of an upcoming spot Ethereum ETF and the perception that ETH is currently undervalued compared to its potential.

Inevitable Rise in the Medium-Long Term
Despite the recent drop in Bitcoin, Ash Crypto emphasized some positive developments that could be overlooked by the market. The analyst pointed out that the spot Bitcoin ETF generated over $4.5 billion in volume despite the price drop, marking a significant milestone in ETF history.

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Vaulted Supply has experienced a sustained regime of inflows since June 2021, however with a notable uptick following the June 2022 sell-off when 3AC and LUNA-UST collapsed. This metric speaks to an aggregate maturation of the BTC supply, as investors accumulate and hold onto their coins, refraining from spending and transacting at an increasing rate.

#cryptoupdate #BTC

BTC Having CME GAP To Be Filled At $40325 - $39585 Area!!

#BTC #Bitcoin #cryptohustle #crypto2023 #cryptoupdate $BTC

Sure, here's a simplified version:

Bitcoin is currently forming a symmetrical triangle pattern, and it looks like it will finish this pattern by tonight. Starting from Monday, we might see Bitcoin's price going up, which is a good sign for investors. Keep an eye on Bitcoin as it could make some significant moves soon. #BTC  #cryptoupdate

Data indicates that more than 80% of cryptocurrency discussions on Reddit in 2023 exhibited a positive tone.#crypto #Reddit #cryptoupdate

BTC CURRENT PRICE : 68400

Corrections are opportunities for sideliners . Bulls programming for 80K$ . Big Alt Season is ComingSoon #btcnews99 #cryptoupdate #HotTrends $BTC $ETH $BNB #BTC #Write2Erarn

Reports emerge suggesting Mt. Gox creditors are receiving repayments #crypto #crypto2023A #cryptonews #cryptoupdate

October is currently up only 0.51%. 🧐

#crypto #trading #bitcoin #cryptocurrency #cryptoupdate

Sure, here's a simplified version:

Bitcoin is currently forming a symmetrical triangle pattern, and it looks like it will finish this pattern by tonight. Starting from Monday, we might see Bitcoin's price going up, which is a good sign for investors. Keep an eye on Bitcoin as it could make some significant moves soon. #BTC  #cryptoupdate

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💥PENDLEUSDT Long ⭐️

Entry Points
5.70-5.80

🌒Targets 🌝
🎯6
🎯6.30

🌝Stop loss 🥵
5.30
I am not a Financial advisor so mange Your trade as you can Afford To Loss .

🫣Good Luck 🌝
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$PENDLE $BTC $SOL

which one has a good time in terms of market change and may go up?

$MATIC
$XRP
$DOGE
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