Bitcoin back at US$50,000 as ETF approval, prospect of falling interest rates drive demand for cryptocurrency

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Bitcoin back at US$50,000 as ETF approval, prospect of falling interest rates drive demand for cryptocurrency
The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64 per cent plunge in 2022
Latest rally driven by optimism that last month’s US approval of exchange-traded funds to own bitcoin directly is leading to greater mainstream acceptance
Bitcoin

Bitcoin jumped to US$50,000 for the first time in more than two years, staging a remarkable comeback from a series of cryptocurrency industry scandals and bankruptcies that had raised questions about the viability of digital assets.
The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64 per cent plunge in 2022. Bitcoin last traded at US$50,000 in December 2021. The price is still below the all-time high of almost US$69,000 reached in November 2021.
The wild price fluctuations seen since the introduction of bitcoin more than a decade ago have long been one of the main attractions to speculators. While originally promoted as an alternative to the traditional financial system, the latest rally has been driven by optimism that last month’s US approval of exchange-traded funds to own bitcoin directly is leading to greater mainstream acceptance.
“There is a lot of talk about inflow of money into this asset,” said Matt Maley, chief market strategist at Miller Tabak & Co. “I’d also note that the momentum players are getting excited as well.”#Write2Earn

ハムスター戦闘今日の報酬
#Megadrop #btc70k #StartInvestingInCrypto #ETHETFsApproved

ビットコインの価格は急騰し、ここ数ヶ月で最高の週となった。

水曜日以来、暗号通貨の価格はほぼ11％急騰している。過去1日ではほぼ5％上昇している。

ビットコインはパンデミック中の最高値からはまだ程遠い。現在、ビットコインは47,000ドル前後で取引されているが、2021年初頭には67,000ドルまで高騰した。
#Write2Earn #TrendingTopic

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今日最大の仮想通貨ゲイン – トップリスト
さらに、Dogwifhat は過去 1 年間でトップのパフォーマンスを達成し、4,600.39% という驚異的なゲインを達成しました。一方、リヒテンシュタイン Cryptoassets は 2022 年から現在まで主役であり、170.06% 急上昇しています。一方、1 月に新しいスポット BTC ETF が発売された後、分散ポートフォリオにおける最適なビットコインの配分についてニュース シーンで議論が巻き起こっています。

1. Pendle (PENDLE)
今日、仮想通貨ゲインのトップに躍り出た PENDLE は、投資家が注意深く監視しています。Pendle の上昇は、投資家の & Greed Index の予測に支えられており、60 (Greed) を示しています。一方、Pendle の現在の価格は 3.12 ドルで、過去 24 時間で 11.10% の急上昇を示しています。同様に、時価総額は10.95%増加して7億4424万3800ドルとなり、#Write2Earn 位となった。

BTC スポット ETF 市場は 5 日連続で純流入を記録
BTC は金曜日に 0.12% 上昇しました。木曜日に 1.25% 上昇した後、BTC は 43,164 ドルで取引を終了しました。

BTC スポット ETF 市場は、取引開始 15 日目の木曜日に 5 日連続で純流入を記録しました。Grayscale Bitcoin Trust (GBTC) は、2 日連続で純流出が減少しました。木曜日の GBTC の流出は 1 億 8,800 万ドルから 1 億 8,200 万ドルに減少しました。

木曜日の純流入は 3,850 万ドルでした。iShares Bitcoin Trust (IBIT) がトップで、純流入は 1 億 6,390 万ドルでした。しかし、木曜日には、Fidelity Wise Origin Bitcoin Fund の純流入は 2 億 3,210 万ドルから 3,580 万ドルに減少しました。

#Write2Earn #TrendingTopic

アバランチ (AVAX)
アバランチ (AVAX) は、抵抗に遭遇した後、重要なサポートを確認することで回復力を示しています。AVAX の価格変動は投資家の注目を集め、潜在的な上昇傾向を示しています。週次見通しでは、AVAX は年間最高値の 50 ドルから下落し、重要な抵抗ゾーンである 55 ドルをわずかに下回ります。
#Write2Earn #PYTH #TrendingTopic

Pyth Network (PYTH)
Binance has announced the PYTH token as its latest addition to the altcoin roster. This announcement caused PYTH to surge 25%, swiftly reaching $0.4923, subsequently hitting the top crypto gainers today. Today, the price of Pyth Network stands at $0.512949, marking a substantial increase of 26.53% within the last 24 hours.

PYTH Price Chart
Moreover, this surge in price is accompanied by a trading volume of $907.41M and a market dominance of 0.05%. In addition, the sentiment towards Pyth Network’s price prediction is bullish, mirrored by a Fear & Greed Index showing 63 (Greed).#Write2Earn #PYTH #TrendingTopic

The EU’s Stance on Bitcoin Energy Consumption
In a screenshot Batten shared, the EU report presents an alarming assessment of Bitcoin and other PoW blockchain protocols. Suggesting a possible ban on Bitcoin and its mining processes in the region, the analysis highlighted that they are environmentally harmful due to their high energy demands.

The report added that this unsafe mining process could threaten the EU’s energy security. These recent remarks tie into a 2023 ‘eTender’ submission titled ‘Developing a Methodology and Sustainability Standards for Mitigating Environmental Impacts of Crypto Assets.’#Write2Earn #JUP #TrendingTopic #TrandNTell

Crypto markets take a hit at the start of Feb 2024

At the time of writing, Bitcoin (BTC) is worth $42,162.02, down 0.1% from an hour ago and 1.9% from yesterday. The value of BTC today is 5.1% higher than what it was seven days ago. In the last 24 hours, the total volume of Bitcoin transactions was $26,520,587,977.

The global crypto market cap is $1.7 trillion today, down 2.18% in the last 24 hours and 51.81% a year ago. As of today, Bitcoin has a market cap of $827 billion, reflecting a 48.78% crypto market dominance. Meanwhile, stablecoins’ market capitalization is $137 billion, accounting for 8.07% of the overall crypto market capitalization.

Bitcoin fell on Jan. 31 as the US Federal Reserve opted to keep interest rates constant and dampened chances of a rate drop in March, prompting one analyst to anticipate doom for US markets and BTC#TrendingTopic #TrandNTell #Write2Earn

dentistry, and more.

Meanwhile, the couple knew that INDXcoin was essentially worthless after a report by the auditor Hacken called INDXcoin code “unsafe, unsecure and riddled with serious technical problems,” and gave it a rating of “zero out of 10.”

Pastors Eli Regalado and his wife, Kaitlyn Regalado say God told them to start a crypto currency. $3.2m later, they are being sued by their flock. This is a teachable moment, no? pic.twitter.com/doaKbAdP3G

— Billy G Edwards (@BillyGEdwardsch) January 25, 2024

Despite that report, the Regalados allegedly continued to promote the INDXcoin as a low-risk, high-profit investment.

“God is not done with INDXcoin”
In a since-deleted video from INDXcoin’s website, Eli Regalado seemingly admitted to the charges brought against him and his wife.

“So the charges are that Kaitlyn and I pocketed $1.3 million, and I just want to come out and say that those charges are true,” the accused pastor said.

Eli Regalado then claimed that $500,000 worth of the money taken went to the IRS, while “a few hundred thousand” went to a renovation of his home “that the Lord told us to.”

“God is not done with this project,” he continued. “God is not done with INDXcoin.”

The Regalaldos were out of town and not in attendance during Monday’s hearing.

“This case is a sad case for me,” Denver District Court Judge David Goldberg said on Monday. “It’s one of the more egregious cases I have seen where someone in the name of faith, the name of God, preyed upon his congregants, and he did so in the name of the Lord.”#Write2Earn #TrendingTopic #JUP #xrp

The Role of INDXcoin in the Crypto Scheme
In total, the Regalados raised over $3.2 million from over 300 people to benefit their scheme. According to prosecutors cited in the Denver Post, the husband and wife duo then spent a large portion of the funds on a Range Rover, home renovations, cosmetic dentistry, and more.

Meanwhile, the couple knew that INDXcoin was essentially worthless after a report by the auditor Hacken called INDXcoin code “unsafe, unsecure and riddled with serious technical problems,” and gave it a rating of “zero out of 10.”
Crypto News
Cryptonews Altcoin News Judge Orders Continued Freezing of Colorado Crypto Pastor’s Accounts After $3 Million Crypto Fraud Scheme
Judge Orders Continued Freezing of Colorado Crypto Pastor’s Accounts After $3 Million Crypto Fraud Scheme
Julia Smith
Julia Smith
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Courtesy: #Write2Earn
A Colorado pastor and his wife accused of orchestrating a $3 million crypto fraud scheme have been barred from selling crypto in the state and will continue to have their accounts frozen by regulators, a judge presiding over the case ruled this week.

Uncovering the $3 Million Crypto Fraud
Just over a week ago, Pastor Eli Regalado and his wife, Kaitlyn Regalado, were charged with fraud by the Colorado Division of Securities upon discovering the couple had pocketed $1.3 million worth of crypto.

The Regalados launched their own cryptocurrency called INDXcoin through the Kingdom Wealth Exchange, a faith-based crypto exchange also created by the couple.

“Regalado targeted Christian communities in Denver and claimed that God told him directly that investors would become wealthy if they put money into INDXcoin,” a press release from the Colorado Division of Securities reads.
The Role of INDXcoin in the Crypto Scheme
In total, the Regalados raised over $3.2 million from over 300 people to benefit their scheme. According to prosecutors cited in the Denver Post, the husband and wife duo then spent a large portion of the funds on a Range Rover, home renovations,

https://s.binance.com/9vG62CRG #Write2Earn #TrendingTopic #JUP #xrp

JPMorgan’s Perspective on Inflation and Growth
The widespread anticipation of lower interest rates gained traction as inflation diminished in 2023, and the Federal Reserve hinted at a shift toward rate cuts during its December meeting.

As per the Fed funds futures market, traders are expecting a substantial 140 basis points of rate cuts this year. This figure is almost twice the amount indicated by the Fed’s interest-rate projections chart released in December. Central bank policymakers, as indicated in their quarterly dot plot, are forecasting a total of 75 basis points in cuts by the end of the year.

JPMorgan’s macro strategy team, led by Shrenick Shah, also suggested that the Fed’s dedication to addressing a potential resurgence in inflation is not fully recognized, which could create the possibility of a correction in risk assets.

“In our view, the market may be too optimistic as we see limited evidence of disinflation in certain areas that are a focus for the Fed, specifically core services inflation and wage data,” the strategists wrote in the note.” “Furthermore, continued resilience in U.S. growth may inhibit the disinflation process or even create upward pressure.” #Write2Earn #TrendingTopic #JUP

FTX’s Decision and Bankruptcy Proceedings
The failed negotiations suggest that FTX may not have been what it appeared to be, and founder Sam Bankman-Fried allegedly failed to establish the necessary technology or administration to operate the company as a viable business, Dietderich said.

Bankman-Fried has been convicted on fraud charges related to his operation of FTX. The FTX founder has also faced convictions on charges of conspiracy and money laundering. His sentencing, scheduled for March 28, 2024, is anticipated to result in a lengthy prison term, with experts predicting he may face decades behind bars.

“FTX was an irresponsible sham created by a convicted felon,” Dietderich remarked. “The costs and risks of creating a viable exchange from what Mr. Bankman-Fried left in a dumpster were simply too high.” #Write2Earn #TrendingTopic #JUP

ORIDIAL 🎄🌎#BinanceWish #ORDI.