2024 Was All About #Bitcoin as Digital #Gold – 2025 Could Bring a New Narrative
We are making a BIG market call for the next 12 months !!!
👇1-11) Crypto markets are often momentum-driven, with traders gravitating toward top performers. Following Q1 2024, our attention has been on Bitcoin’s strong outperformance. We avoided Bitcoin miners and expressed concerns that a sharp drop in #Ethereum revenue could significantly decline Ether’s price. Meanwhile, we anticipated that altcoin unlocks might push venture capital investors to sell and raise cash. Retail inventors have remained absent.
👇2-11) Bitcoin has thrived mainly due to its "digital gold" narrative and its attractiveness as a diversification tool for multi-asset portfolios—a concept vigorously championed by BlackRock to its clients. Gold has risen 27% this year, outperforming the S&P 500’s 23% gain. However, as we look toward 2025, a new theme may emerge—one we'll explore further below.
👇3-11) Full report: https://mail.10xresearch.co/p/2024-was-all-about-bitcoin-as-digital-gold-2025-could-bring-a-new-narrative
Youtuber MrBeast Accused of Involvement in Pump-Dump Token Scheme
The famous content creator, MrBeast, has unexpectedly been named in a pump-and-dump token scheme aimed at personal profit since 2021.
According to an investigation by on-chain analyst @somaxbt, popular YouTuber Jimmy Donaldson (MrBeast) has been accused of making over $10 million by pumping and then dumping low-cap cryptocurrency tokens.
The projects mentioned include SuperFarm, Polychain Monsters, SPLYT, and Virtue Poker. The prices of these tokens plummeted significantly after MrBeast allegedly sold his holdings—an action known as “pump and dump.”
In a series of tweets on October 11, 2024, SomaXBT explained that they tracked MrBeast’s on-chain activities using a wallet address labeled on Arkham Intelligence. The analyst provided evidence that MrBeast made small investments in tokens through private deals such as IDOs (Initial DEX Offerings) to profit from them.
One notable example is SuperFarm (now SuperVerse, with ticker SUPER), which is backed by @elliotrades. According to SomaXBT, MrBeast invested $100,000 to receive 1 million SUPER tokens. After MrBeast’s investment announcement, the token’s price surged.
By March 30, 2021, MrBeast allegedly transferred his SUPER tokens to a secondary wallet and sold them, earning 1,900 ETH (around $3.7 million at that time).
$BTC
$STORJ / USDT - IS A 'FALL' COMING?
With an RSI level of 87.85, the asset is currently in an overbought condition, indicating a potential drop to 0.52. However, there’s an important level to consider at 0.5650, where the price may briefly rise before continuing downward.
Additionally, if it breaks through 0.6280, there’s a chance it could reach 0.715, though this appears unlikely at the moment.
Overall, the trend seems to be shifting from a rise to a fall. Exercise caution when opening long positions to avoid potential losses.
ALWAYS DYOR !!
{spot}(STORJUSDT)
#EmperorMajesty #STORJ/USDT #TrumpDeFi #MemeCoinTrending #BTCSurges67K
Grayscale's at it again! 🎉 The crypto asset manager has filed with the SEC to convert its $520M Digital Large Cap Fund into an ETF. This fund, heavily weighted with Bitcoin (76%) and Ether (18%), could soon be easier to trade on the NYSE.
This move follows Grayscale's successful conversions of its Bitcoin and Ethereum Trusts into ETFs earlier this year, thanks to a favorable court ruling. Spot ETFs, unlike their trust counterparts, hold the actual assets, making trading smoother for investors.
In other news, Grayscale's been busy adding 35 altcoins to its potential investment list and launching new crypto funds monthly. Stay tuned!
🚀 **Crypto News Flash: Stablecoins Surge in Q3 2024! 🚀**
- **Stablecoin Boom**: Q3 2024 saw stablecoins hit a record $170B market cap, per Coinbase & Glassnode's report.
- **EU Regulation**: Growth coincided with the EU's new Markets in Crypto-Assets (MiCA) regulation, providing clearer rules.
- **Utility Expansion**: Stablecoins are now key for faster, cheaper, and secure transactions, especially in remittances and cross-border transfers.
- **Market Impact**: Stablecoin volumes reached $20T YTD, highlighting their global economic role.
- **BTC & Stablecoin Dominance**: Both saw increased dominance, with BTC cycles showing significant returns.
💬 **What do you think about the future of stablecoins? Comment below!**
**Grayscale Seeks SEC Approval to Convert $520M Crypto Fund to ETF**
Crypto asset manager Grayscale has filed with the SEC to convert its $520 million Digital Large Cap Fund into an exchange-traded fund (ETF). The New York Stock Exchange submitted the request on Grayscale's behalf on October 14.
The fund, which holds 76% Bitcoin, 18% Ether, and smaller portions of Solana, XRP, and Avalanche, aims to offer investors easier access to buy and sell shares. This move follows Grayscale's successful conversions of its Bitcoin and Ethereum Trusts into ETFs earlier this year, after a favorable court ruling.
Grayscale continues to expand its offerings, recently adding 35 altcoins for potential future investment and launching new funds monthly.
⚡ 𝐓𝐫𝐮𝐦𝐩𝐬’ 𝐜𝐫𝐲𝐩𝐭𝐨 𝐩𝐫𝐨𝐣𝐞𝐜𝐭 𝐖𝐨𝐫𝐥𝐝 𝐋𝐢𝐛𝐞𝐫𝐭𝐲 𝐬𝐮𝐟𝐟𝐞𝐫𝐬 𝐰𝐞𝐛𝐬𝐢𝐭𝐞 𝐜𝐫𝐚𝐬𝐡 𝐚𝐦𝐢𝐝 𝐭𝐨𝐤𝐞𝐧 𝐬𝐚𝐥𝐞 ⚡
-
World Liberty Finance, the crypto project backed by former president Donald Trump, crashed for several hours after it began selling its token to accredited investors Tuesday.
World Liberty began selling the token just after midnight UTC. As of now New York time, more than 6,000 crypto wallets held the token, according to blockchain data.
But it has struggled to stay online since the launch. Attempts to access the website Tuesday typically returned a message saying it was “down for maintenance.”
🅃🄴🄲🄷🄰🄽🄳🅃🄸🄿🅂123
ETH Bullish Update 1️⃣:
The ETH forecast has changed ⬆️.
The previous update indicated bearish momentum, but now ETH has shifted into bullish momentum. Everyone can open a long position. ETH is likely to rise above 2690-2740
If any changes occur, I will provide updates.
Note for New Followers:
I share forecasts based on the 15-minute chart. When ETH has low volatility, market momentum can change up to six times a day. However, during periods of high volatility, the momentum may remain stable for a longer time. If you follow my forecasts, always stay updated with the latest information. If not, you could incur losses.
Trading is your responsibility, and no one has the right to blame me. I am unaffected by criticism. Always use proper risk management.
Current Price: ETH is trading at 2622
Thank you.
🚀 Bullish Call HIT 100% – $TURBO Skyrockets as Predicted! 🔥
The prediction came through flawlessly—$TURBO surged past expectations, delivering an impressive rally exactly as forecasted! 🎯 The chart shows a clear breakout, with momentum carrying it to 0.0124 USDT, rewarding early positions with stellar gains.
This isn’t just a lucky hit—it’s strategy in motion. Timing the bullish push, following the pattern, and holding strong has proven to be the winning move. 📈
What’s Next?
With such strong buying pressure and momentum intact, we’ll keep a close eye on the next key resistance zone at 0.0140. If the rally continues, more profit-taking opportunities could be right around the corner.
Stay sharp, and always be ready for the next move—this ride is far from over! 💪
#Write2Earn! #BullishWin #CryptoProfit #MemeCoinTrending #10MTradersLeague
Who’s celebrating this win? 🥳 Drop your gains below! 👇
{spot}(TURBOUSDT)
Nearly all of Tesla's Bitcoin is on the move after two years of inactivity.
Wallets associated with Elon Musk's electric car company, as labeled by Arkham Intelligence, moved approximately $765 million worth of Bitcoin—all but about $6 worth—to unknown wallets on Tuesday.
{spot}(BTCUSDT)
The wallets appear to be new and are not known to be associated with crypto exchanges, so there's no immediate suggestion that Tesla is planning to sell the Bitcoin.
Tesla first disclosed in 2020 that it had obtained $1.5 billion worth of Bitcoin, but didn't hold that amount for long.
The firm sold about 10% of the stash in Q1 2021, and then sold about 75% of the remaining holdings in July 2022 with the price down sharply from what had then been an all-time high price of about $69,000 set in November 2021.
Bitcoin was only valued at around $24,000 at the time of that sale
However, the firm continued to hold the remaining share, which has appreciated in value substantially since then given Bitcoin's current price of about $66,500.
Tesla has had a mixed relationship with Bitcoin beyond the buying and selling. In 2021, Tesla said that it would accept Bitcoin payments for cars, but then halted the move two months later, with Musk citing the environmental impact of Bitcoin mining.
Musk, an outspoken fan of meme coin Dogecoin, said in 2021 that the firm would consider resuming Bitcoin payments once a majority of Bitcoin mining is powered by green energy. The firm has yet to do so.
Source: Decrypt