Is the #cryptocrash / #Bloodbath Normal before every halving

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Is the #cryptocrash / #Bloodbath Normal before every halving? Or this is something alienic that we are experiencing? #bitcoinhalvingn #BitcoinHalvingDrama

Is the #cryptocrash  / #Bloodbath  Normal before every halving?
Or this is something alienic that we are experiencing?
#bitcoinhalvingn  #BitcoinHalvingDrama  

Normal

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Abnormal

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Recently, a Bitcoin address dormant for a decade, believed to be from the time when Satoshi Nakamoto was active, sprang back to life. This wallet, holding 687 BTC valued at $43.9 million, split its holdings into two wallets on May 6. The movement of funds from such ancient wallets, especially linked to Nakamoto's era, typically draws the crypto community's attention. The "Satoshi era" refers to Bitcoin's early days, when #Nakamoto was actively participating in online forums. Some speculate these wallets are tied to Nakamoto himself. In August 2023, a similar dormant wallet woke and transferred 1,005 #BTC mined in 2010, sparking social media speculation. However, experts suggest these moves are likely by early miners or investors seeking profit. Around 1.75 million #Bitcoin wallets have been inactive for over a decade, many holding BTC acquired when prices were lower and now worth millions. Recently, wallets from the #Satoshi era have been activated, transferring $BTC to new addresses or exchanges, suggesting a potential intention to liquidate assets after years of dormancy. For example, in July 2023, a dormant wallet moved $30 million in BTC, and in November 2023, three wallets transferred $230 million in BTC after six years of dormancy, likely linked to the same entity.

Despite a surge in social metrics, PepeFork (PORK), the fork of Pepe ($PEPE ), faced turmoil in its price movement. While PORK experienced a significant rally, its price subsequently corrected, leading to a bearish trend. With a current price of $0.0000002431 and a market cap exceeding $102 million, PORK saw heightened selling pressure, reflected in increased active deposits and supply on exchanges. In contrast, PEPE exhibited a more positive trajectory with a marginal price drop of 1.5% and a market cap of $3.6 billion. Bullish sentiment persisted around PEPE, evident from its high Weighted Sentiment and continued buying pressure. Looking ahead, indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) suggest a potential continuation of the price downtrend for PORK. However, the Moving Average Convergence Divergence (MACD) remains bullish, indicating a favorable outlook for buyers. #pepe #pork #altcoins #CryptoWatchMay2024

South Korea's updated donation laws, set to take effect in July, exclude digital currencies like Bitcoin from accepted forms of donation, despite their popularity in the country. While the legislation expands donation methods to include various alternatives like gift vouchers and stocks, #cryptocurrency donations are notably omitted. However, the law allows donations in local government-issued stablecoins and blockchain-issued gift vouchers. In contrast, charitable organizations in the United States increasingly accept digital currency donations. Meanwhile, #SouthKorea is bolstering efforts to combat cryptocurrency-related crimes by elevating its crypto crime investigative unit to an official department. #korea

The #Philippines Securities and Exchange Commission (SEC) is set to unveil cryptocurrency guidelines in the latter half of 2024, aiming to regulate crypto assets and trading activities within the country. This move reflects the SEC's commitment to safeguarding investor interests and strengthening oversight over unregistered platforms. Recent actions against Binance, including the removal of associated apps from app stores, underscore the regulator's efforts to combat illegal crypto activity. Despite challenges posed by users accessing unregistered platforms via VPNs, the #SEC remains proactive in enforcing regulatory compliance. Insights from past incidents, such as the collapse of #FTX , inform the SEC's approach to cryptocurrency regulation in the Philippines. #cryptoniteuae

#Uniswap has rolled out live candlestick charts, enhancing users' ability to make informed financial decisions. This new feature provides a visual representation of asset performance, including opening and closing prices, high and low points, and overall price movement. With these insights, users can track market sentiment and estimate potential returns, empowering them to navigate the #cryptocurrency market effectively. Uniswap's commitment to improving user experience is evident through this addition, which offers valuable tools for strategic investing. #CryptoWatchMay2024 #cryptoniteuae #buythedip

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