🇨🇳Televisão estatal chinesa: "Se #Bitcoin tiver sucesso, | Laraxen na Binance Square

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🇨🇳Televisão estatal chinesa: "Se #Bitcoin   tiver sucesso, todos morreremos"
#Bitcoin  #chinese   #crypto   $BTC 

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Institutions quit purchases, Bitcoin fell The fact that institutional purchases, which is one of the biggest factors in the return of Bitcoin, which fell up to 49 thousand dollars last week, stopped in the last 2 days, caused Bitcoin to fall below 60 thousand dollars. While Bitcoin is below the 60 thousand dollar level again, it is seen that the purchases of institutional companies, which take from the bottom and see falls as opportunities, have stopped for 2 days. According to the information shared by the on-chain tracking platform Lookonchain, USDTs withdrawn in large amounts from the Tether Treasury have stopped for now... 2 billion dollars flowed in 4 days As it will be remembered, on August 5, Bitcoin fell to 49 thousand dollars and many corporate companies, especially large companies such as Cumberland, had withdrawn hundreds of millions of dollars from the Tether Treasury. Most of the withdrawn USDTs were sent to exchanges such as Coinbase, Kraken, Binance and OKX. In 4 days, the figure sent to the exchanges by these institutions exceeded 2 billion dollars. During the week, large institutions provided $1.3 billion in USDT and $519 million in USDC to the Binance exchange alone. In the chart below shared by Lookonchain, a section that was withdrawn from the Tether Treasury last week and transferred to the exchanges, the path followed by USDTs is visible. In the minutes of writing the news, Bitcoin is trading at $58,500. $BTC

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HOT NEWS 🗞️ | Binance will delist CVP, EPX, FOR, LOOM, REEF, VGX. $CVP $REEF $EPX

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Bitcoin fell to $58K before the busy week Bitcoin, which recovered after the sharp declines at the beginning of last week, fell below 60 thousand dollars again last night. The most important factors in terms of this week's price trend will be the PPI data on Tuesday and Wednesday's CPI in the USA. While markets are questioning whether there will be an interim meeting ahead of the Fed's meeting on September 18 and therefore whether the institution will go to a preliminary interest rate cut, the two most important data on this path will be announced this week. In the USA, PPI and CPI data for July will be determined on Tuesdays and Wednesdays this week, respectively. Will there be a decrease in CPI again? Especially CPI figures are of great importance in terms of the course of risky assets, including Bitcoin. While it was debated whether the Fed could reach its 2% target, the figure for June was 3%. Expectations are for consumer inflation to come to 3% this month... The producer price index, which has recently exceeded expectations, will be announced on Tuesday, and the consumer price index will be announced on Wednesday. Before two data, it is noteworthy that Bitcoin has again hung below 60 thousand dollars. The dilemma continues Markets, on the other hand, are experiencing a dilemma. Markets, which recently priced the cooling down of the economy positively, experienced a decline this time in the latest data due to fear of recession. In other words, although inflation below 3% this week seems to be positive in terms of the cooling of the economy, it can also trigger fears of recession and bring a decrease in risky assets. If inflation is higher than expected, it may reduce the fears of recession and eliminate the possibility of the Fed's an interim meeting. On the other hand, the Japan stock market, which is the main factor of last week's declines, will be closed today. In the minutes of writing the news, Bitcoin is trading around $58,400. $BTC #bitcoin

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Is #Bitcoin giving a signal before markets open in Asia? 👀 $BTC

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As of August 10, 2024, MicroStrategy holds 226,500 BTC in reserves, valued at $13.771 billion. The company acquired this at an average cost of $37,000 per BTC. With Bitcoin now trading around $60,500, MicroStrategy's unrealized profits are approximately $5.39 billion. $BTC #Bitcoin #MicroStrateg

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