🟠 Bitcoin Hashrate hits NEW ALL TIME HIGH of 642,000,000,00 | TopCryptoNews на Binance Square

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🟠 Bitcoin Hashrate hits NEW ALL TIME HIGH of 642,000,000,000,000,000,000 hashes/s ahead of the halving! ⚡️
$BTC #BTC #bitcoinhalving #Halving 

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⭐️ Analysts believe that US companies will buy $10 billion worth of #Bitcoin over the next 18 months - traditional corporate investment strategies rely on fiat and other short-term cash equivalents, which are poor stores of value because they often fail to outpace inflation.

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🐋 Unknown Whales Moves 95,000,000 XRP to Binance The XRP market endured another voluminous whale transfer as an “unknown wallet” moved 95,000,000 XRP to Binance. A recent whale activity has caught the attention of the XRP community. Data from Whale Alert showed that an unknown address moved 95,000,000 XRP to leading crypto exchange Binance. Per on-chain analysis, the sending address rPz2…4iNf moved the funds to a Binance-tagged wallet, rDAE…JPxr. The transaction happened in the early hours of Saturday at 04.48 UTC, with the asset worth nearly $50 million. At the time of the transfer, XRP was trading at $0.5229. 🔸 Unknown Wallet? Although Whale Alert termed the sending wallet an unknown address, on-chain analysis from Bithomp confirms that the address (rPz2…4iNf) is a Binance-activated wallet. This could either mean the transfer was an in-house fund movement from Binance or that the sending wallet, though belonging to an external entity, resides on the Binance exchange. The XRP explorer also showed that the two addresses had transferred huge amounts of XRP among themselves in the past. On August 29, wallet rPz2… 4iNf sent 60 million XRP (worth $39 million at that time) to the same address. A similar transfer occurred on August 21, with the sending address moving 33 million XRP ($19.81 million). These continuous whale transfers point to a Binance affiliation for the sending address. At the time of writing, the sending address still held 109 million XRP ($57.3 million). Bithomp showed that the wallet was activated on December 21, 2023. 🔸 More Whale Activities Meanwhile, whale Alert reported another mouth-watering XRP shuffle on Friday. An unknown wallet moved 102 million XRP ($54 million) to a newly activated wallet. The transfer happened by 16:12 UTC that day. Notably, magnanimous transfers of this nature are not new to the XRP community. Ripple’s use of the asset to settle cross-border transactions has seen the fintech firm move large amounts of #XRP between wallets and exchanges.

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🔽 Strong Bitcoin #ETF Outflows Continue Spot Bitcoin ETFs saw another significant outflow on September 6, with total outflows reaching $170.0 million fixed assets. 🔴 Fidelity FBTC led the outflow, losing $85.5 million. 🔴 Grayscale GBTC was not far behind, showing outflows of $53 million. 🔴 Bitwise also saw a notable outflow of $14.3 million. This further reduced the total net asset value of spot Bitcoin ETFs below $50 billion to $48.243 billion. #BTC

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💸 New Hope for Bulls: #BTC Forms Giant Inverse Head and Shoulders With $200k Target Thanks to Peter Brandt for the idea , in this scenario we can first go to $40k 🫡

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🐋 Ethereum Whales Increase Holdings Despite Market Fluctuations While Ethereum experienced significant volatility in 2024, the future price movements remain a topic of interest. Analysts speculate that Ethereum, which recently retreated from the $4,000 mark, could potentially drop to $2,000. Amidst this, large investors are increasing their ETH holdings, possibly indicating a bullish outlook. 🔸 Ethereum Whales Take Action Despite significant drops in cryptocurrency prices, whales continue to make purchases. The ongoing acquisitions by Ethereum whales, known for their market dominance, suggest they maintain faith in a market rise. Recently, a whale withdrew 10,000 Ethereum from the Gemini exchange and transferred it to an unknown wallet. Despite this move, the market continued to decline. 🔸 Analysts’ Views on #Ethereum Amid market fluctuations, analysts have mixed feelings. Some predict a rise to $10,000 or more, while others foresee a drop to $2,000. Firstly, looking at Anatar’s Ethereum commentary, he suggested an inevitable price drop: Fear it, run from it, destiny still arrives. 💬 I don’t care if it consolidates for another month. I’m sure Ethereum is gearing up for five-digit figures. His shared graph shows projections reaching up to $14,000. Meanwhile, all eyes were on Ethereum’s price. At the time of writing, the price continued to fall. After a 7.75% drop in the last 24 hours, ETH was trading around $2,186. Following the decline, the market cap further decreased to $263 billion.

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