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🔥🔥🔥 9 New #FUDs Emerge After Halving: Research Firm Reveals #BullishTrend Ahead Against FUDs Layergg, a renowned #cryptocurrency analysis firm, recently offered insights into the Fear, Uncertainty, and Doubt (FUD) factors currently impacting the crypto market. Alongside identifying potential bullish catalysts, Layergg highlighted key FUDs that surfaced post-Bitcoin halving: 1. Speculations of #Ethereum spot ETF rejection in May. 2. US seeks a 36-month prison term for CZ. 3. Mt. Gox's $9 billion Bitcoin refunds. 4. Possible delays in interest rate cuts. 5. SEC issues a “Wells Notice” to ConsenSys. 6. DTCC “haircut” concerns. 7. Forbes' list of the 20 biggest 'Zombie Coins'. 8. FBI cautions against unregistered crypto brokers. 9. SEC defers decision on Bitcoin ETF options. Interestingly, these FUDs coincided with Bitcoin's halving, fueling a wave of pessimism reminiscent of last September. Despite the prevailing FUD, Layergg maintains a bullish stance on the crypto market. Viewing current conditions as an opportune moment for investors to diversify their portfolios, Layergg emphasizes that market fluctuations are typical during bull runs, constituting healthy corrections. Several factors supporting the bull market, according to Layergg, include: 1. Bitcoin ETF approval. 2. Dencun Upgrade (EIP-4844). 3. Bitcoin halving. 4. Increasing stablecoin market cap. Moreover, Layergg anticipates the following trends to act as catalysts in the market: 1. Launch of AAA Web3 games. 2. Entry of global corporations into the crypto sphere. 3. Participation of traditional financial institutions. 4. US coinage. 5. Approval of Ethereum ETF. 6. Upcoming US presidential elections. Concluding with a note of optimism, Layergg asserts that patience will be rewarded in the long run, urging investors to maintain a steady approach amidst market volatility. Source - en.bitcoinsistemi.com #BinanceSquareBTC

🔥🔥🔥 9 New #FUDs Emerge After Halving: Research Firm Reveals #BullishTrend Ahead Against FUDs

Layergg, a renowned #cryptocurrency analysis firm, recently offered insights into the Fear, Uncertainty, and Doubt (FUD) factors currently impacting the crypto market. Alongside identifying potential bullish catalysts, Layergg highlighted key FUDs that surfaced post-Bitcoin halving:

1. Speculations of #Ethereum spot ETF rejection in May.

2. US seeks a 36-month prison term for CZ.

3. Mt. Gox's $9 billion Bitcoin refunds.

4. Possible delays in interest rate cuts.

5. SEC issues a “Wells Notice” to ConsenSys.

6. DTCC “haircut” concerns.

7. Forbes' list of the 20 biggest 'Zombie Coins'.

8. FBI cautions against unregistered crypto brokers.

9. SEC defers decision on Bitcoin ETF options.

Interestingly, these FUDs coincided with Bitcoin's halving, fueling a wave of pessimism reminiscent of last September.

Despite the prevailing FUD, Layergg maintains a bullish stance on the crypto market. Viewing current conditions as an opportune moment for investors to diversify their portfolios, Layergg emphasizes that market fluctuations are typical during bull runs, constituting healthy corrections.

Several factors supporting the bull market, according to Layergg, include:

1. Bitcoin ETF approval.

2. Dencun Upgrade (EIP-4844).

3. Bitcoin halving.

4. Increasing stablecoin market cap.

Moreover, Layergg anticipates the following trends to act as catalysts in the market:

1. Launch of AAA Web3 games.

2. Entry of global corporations into the crypto sphere.

3. Participation of traditional financial institutions.

4. US coinage.

5. Approval of Ethereum ETF.

6. Upcoming US presidential elections.

Concluding with a note of optimism, Layergg asserts that patience will be rewarded in the long run, urging investors to maintain a steady approach amidst market volatility.

Source - en.bitcoinsistemi.com


#BinanceSquareBTC

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🔥🔥🔥 Forbes Highlights #shibaInu Success: Four Key Points of Praise Forbes Recognizes Shiba Inu’s Achievements In a June 11 article, Forbes dedicated a segment to celebrating Shiba Inu's achievements in both the crypto world and traditional finance. "All hail Shiba Inu, cutest of all the doges!" the segment began, highlighting that Shiba Inu is not just a #memecoin🚀🚀🚀 with a "pretty face" but a cryptocurrency demonstrating real utility. Shiba Inu Team Reacts, Summarizes Forbes Article into Four Key Points Shiba Inu marketer Lucie celebrated the recognition from the prominent business media outlet. She summarized the Forbes article into four main points: 1. Innovation Leadership: Forbes highlighted Shiba Inu's role in setting the technological pace for other crypto assets, showcasing its leadership in innovation. 2. Partnership with Zama.ai: The article recognized Shiba Inu's partnership with Zama.ai to develop a fully homomorphic encryption platform, emphasizing the project’s commitment to improving privacy and security. 3. Transition to Practical Utility: Forbes praised Shiba Inu for evolving from a memecoin to a token with practical utility, including security and identity solutions. 4. Impact on Traditional Finance: Lastly, Forbes noted that Shiba Inu's influence extends beyond the crypto world into traditional finance, setting new industry standards. Lucie emphasized that this recognition reflects the hard work of Shiba Inu’s developers and the project's progress in the crypto space. Shiba Inu’s Commitment to Innovation Since August 2020, Shiba Inu has transformed from a memecoin to a utility-focused project under Shytoshi Kusama. The team has launched a DEX, Layer-2 blockchain, NFTs, DN-404 tokens, and a domain name system. Upcoming projects, set for the 2024/2025 market cycle, include an L3 privacy #Blockchain , a #metaverse project, and a play-to-earn version of Shiba Eternity, showcasing Shiba Inu's commitment to innovation and leadership. Source - thecryptobasic.com #BinanceSquareTalks
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👉👉👉 U.S. CPI Was Flat in May, Beating Expectations; #bitcoin Rises to $69.2K The U.S. Consumer Price Index (CPI) remained unchanged in May, outperforming economist expectations of a 0.1% increase & down from April's 0.3% rise. On a year-over-year basis, #cpi increased by 3.3%, slightly below the anticipated 3.4% and last month's reading of 3.4%. The core CPI, which excludes food & energy costs, rose 0.2% in May, also beating forecasts of a 0.3% increase and compared to April's 0.3% rise. Year-over-year, core CPI increased by 3.4%, against expectations of 3.5% and April's 3.6%. Bitcoin (BTC) responded positively to the lower-than-expected inflation data, jumping to $69,400, up nearly 4% over the past 24 hours. After significant declines in inflation during 2022 and 2023 as the Federal Reserve raised interest rates, the trend has stalled in recent months, remaining above the policymakers' 2% target. This has dampened market participants' expectations of imminent rate cuts. Earlier this year, traders anticipated five or six 25 basis points (bps) rate cuts in 2024 by the end of December. However, this expectation shrank to one or two cuts before today's CPI report, with the first cut not expected until September, according to the CME FedWatch Tool. Crypto prices have been "highly sensitive" to U.S. economic data recently, noted K33 Research in a report earlier this week. Recent higher inflation figures and reduced hopes for rate cuts led to Bitcoin's decline from all-time high prices above $73,000 in March to below $57,000 in May. Traders anticipate that looser monetary conditions will fuel the next leg of the crypto rally to record prices. Several major central banks, including the European Central Bank and the Bank of Canada, have recently lowered benchmark rates, causing the U.S. dollar index (DXY) to reach a one-month high. Investors are now awaiting the Federal Reserve's "dot plot" release, which will reveal interest rate projections from Federal Market Open Committee members and could significantly impact asset prices. Source - coindesk.com 
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