$BTC It’s really starting to look like the Bitcoin bottom has arrived and crypto winter is over. But as experienced investors know, even this current rally could still be another dead cat bounce—when prices temporarily rebound amid a longer-term negative trend, only to resume their downward fall after that.
While it’s looking increasingly likely that Bitcoin may truly be on the rise again, the reality is that we are in unprecedented territory regarding a number of factors, including the geopolitical climate, economic indicators, crypto regulations and the Fed’s relationship to interest rates. #TradeNTell
Another day, another crypto bounce. That seems to be the mantra these days.
The price of Bitcoin (BTC) soared in overnight trading, poking above $43,000 once again, and remaining in striking distance of that all-important psychological barrier well into the morning.
Bitcoin has been on a steady upward trajectory since October, when it broke through the $35,000 mark for the first time since 2022.
This brings Bitcoin’s total gains for 2023 to more than 158%, with a gain topping as much as 5% just over the last 24 hours.
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$BTC Bitcoin’s price decline has affected almost the entire cryptosphere. Other leading altcoins are down as well. BNB Coin (BNB) is down 5%. Solana (SOL) is down 8%. XRP (XRP) is down 5%, and Cardano (ADA) is down 7%.#TradeNTell
$BTC The approval of 11 new Bitcoin exchange-traded funds has not—so far—turned into the watershed moment for Bitcoin (BTC) that many investors hoped it would be. The world’s oldest cryptocurrency is down more than 5% over the past 24 hours. #TradeNTell
$BTC Bitcoin is essentially a digital currency that works on a decentralized peer-to-peer network. The network isn’t controlled by any central authority or banking institution and Bitcoin transactions are completely transparent.#TradeNTell
$BTC Binance reserves the right at any time in its sole and absolute discretion to terminate, and/or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating, or suspending this promotion, and changing the eligibility terms and criteria, the selection and number of winners, and/or the timing of any act to be done, and all participants shall be bound by any such amendments#TradeNTell
$BTC On the fifth trading day, issuers of the Spot Bitcoin exchange-traded fund (ETF) increased their crypto holdings by a net of 10,667 Bitcoin, as trading volumes continued to rise. According to data compiled by the CC15Capital Twitter account (formerly X), on January 17, they added a total of $440 million worth of Bitcoin to their portfolios. Notably, BlackRock’s ETF led the way with the acquisition of 8,700 BTC, valued at nearly#TradeNTell
The social platform will continue to host trending topics from within the crypto and Web3 ecosystem, in addition to adopting user-driven content. With more than 170 media partners, 11,500 KOLs, and 90 projects currently on the platform as of Sept. 30, Binance appears to be strategically positioning itself to build a robust social platform that is geared for the future.
Today, a vast segment of Binance’s user community not only absorbs information but also creates it; they have the tools at their fingertips to initiate, shape, and lead vibrant dialogues permeating the platform.