The Solana Foundation, the institution in charge of managing initiatives related to the Solana network, has announced it will expand to Brazil. According to local reports, the organization plans to launch a local team and invest over $10 million in several Web3 fields, including tokenization, artificial intelligence, and art.Solana Foundation Announces Expansion to BrazilSolana is in the middle of expanding its reach into Brazil. The Solana Foundation, the non-profit institution that supports Solana-related initiatives, has announced that it will launch in Brazil this year, opening a local group and different investments in several Web3 fields.According to local reports, the organization will launch a “superteam” in Brazil, a group dedicated to developing apps on top of the Solana blockchain, taking advantage of its low fees and scalability. The foundation has implemented these groups in seven countries and Brazil, providing paid work and opportunities for 700 members and thousands of users who participated in Solana’s hackathons.The organization reported it will invest over $10 million in different areas of the Brazilian Web3 ecosystem, including art, tokenization of assets, and artificial intelligence (AI). Solana saw Brazil as one of its priority markets for expansion in 2024, choosing these areas as interest fields for core investments.Diego Dias, the head of the Brazilian and Latam group, states that these superteams started as decentralized autonomous organizations (DAOs), having morphed as an extension of the Solana Foundation in different parts of the world.Diego stated that the interventions’ objective is to put the community at the forefront of the growth and innovation in Solana. He explained:$SOL #2024withBinance

In the last 72 hours, a wallet potentially linked to Tether has once again captured attention. #Bitcoin News reported on this particular wallet on Aug. 5, 2023, noting its status as the 11th largest bitcoin wallet.At that juncture, a 21 research analyst posited that the wallet might be associated with Tether, correlating with the stablecoin issuer’s financial attestations. Tether had previously acknowledged holding bitcoin as part of its assets, yet it hadn’t publicly shared any specific wallet address.After this initial report, Cryptoquant, a blockchain analytics firm, raised doubts about the wallet’s connection to Tether. 145 days later, on December 31, 2023, a significant sum of 8,888.88 BTC was transferred to the wallet, identified as “bc1qj.”The bitcoin, like all previous deposits to this wallet since its creation, originated from Bitfinex. This consistent pattern of deposits from Bitfinex further fuels speculation that the wallet might be owned by Tether.$BTC #2024withBinance #2024Investments

After hitting a 21-month high, Bitcoin price fell on Wednesday morning, sending the global crypto market cap tumbling to $1.73 trillion.Red was the dominant color all over the cryptocurrency charts on Wednesday morning. The OG cryptocurrency Bitcoin fell, retreating from the nearly two-year high but prices were still hovering around the peak of the recent rally.Other cryptocurrencies followed suit, leaving crypto investors jittery. However, Bitcoin’s recent price surge has spurred calls for a new crypto bull market, buoyed by expectations that the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin exchange-traded fund (ETF) by Jan 10.Bitcoin price slid 0.36% over the last 24 hours to $45,256, with its market capitalization at $886.54 billion. The 24-hour trading volume, however, jumped nearly 28% to $32.7 billion.Beyond Bitcoin, Ethereum — the second largest crypto — fell 0.82% to $2,368. At press time, its market capitalization stood at $284.67 billion. Ether’s trading volume over the last 24 hours surged over 37% to $11.68 billion.Other tokens were also weak, with Tether price down 0.05% and BNB off 2.08%. Solana plunged over 3% in the last 24 hours to below $108 while XRP shed more than 1%. Memecoins also fell, with Dogecoin dropping 1.34%, and Shiba Inu sliding 1.78%.The drop in prices of cryptocurrencies was reflected in the global crypto market, which slid nearly 0.47% to $1.73 trillion. However, the fear and greed index level stood at 74, indicating investor sentiment is greed, meaning they’re still keen on buying.Top 3 Cryptos For TodayPepe CoinThe price of Pepe Coin has fallen over 4% over the last 24 hours to $0.000001367, sending its market cap tumbling by over 4% to $574.5 million. However, its trading volume over the last 24 hours was up nearly 3% at $73.14 million.Kaspa (KAS)While major cryptocurrencies fell on Wednesday, KAS investors were rolling in dough, with the token rising nearly 2% to $0.12 over the last 24 hours. The optimism was reflected in its market cap, which expanded by 1.86% to $2.6 billion. The 24-hour trading volume surged over 30% to over $36.56 millionArbitrum (ARB)The price of Arbitrum jumped over 9% over the last 24 hours to $1.89. The token has appreciated more than 47% in the last seven days and is sitting at a market cap of $2.41 billion. As of writing, its trading volume stood at $1.3 billion.#BTC!💰 #priceprediction #BinanceTournament #Osmy_CryptoZ #2024withBinance

The #Bitcoin price saw a spike in volatility due to the decision around the spot Exchange Traded Fund (ETF). Market participants await an announcement at any point during the upcoming days, which will likely result in further spikes in volatility.As of this writing, the Bitcoin price trades at $43,900 with a 1% profit recorded over the last 24 hours. Over the previous seven days, the cryptocurrency records a 3% increase, acting as the best-performing asset in the crypto top 10 by market cap.BTC’s price trends to the upside on the daily chart. Source: BTCUSDT on TradingviewBitcoin Price Ready For A Massive Rally?According to many analysts, the potential implications for the Bitcoin price should the spot ETFs get approval are “impossible” for the market to price in this event. Thus, the bullish effects of this approval can only impact BTC in the mid to long-term as capital enters the financial product.On the other hand, volatility has been susceptible to sudden spikes, as mentioned above. In late 2022, any news related to the Bitcoin ETF moved the market by thousands of dollars, most notably, the report by the crypto news outlet Cointelegraph inaccurately announcing the financial product launch before receiving confirmation from the US Securities and Exchange Commission (SEC).Developer Samson Mow claims this effect can benefit Bitcoin prices by pushing them beyond expectations. This week, two conflicting reports by analysis firm Matrixport pushed BTC back to critical support levels.A similar effect might drive Bitcoin back above the $50,000 area. Mow stated:Bitcoin dropped $5k on some fake news from a no-name analyst. Imagine what happens when a dozen ETFs are approved and start smash market buying. You may think an Omega candle is impossible, but it’s very real.Confidence In BTC Grows StrongerIn support of the bullish thesis, trading desk QCP Capital pointed at the recent leverage “washed out” triggered by the Matrixport reports. Over $1 billion in long liquidations were triggered as BTC returned to the $40,000 level.However, the cryptocurrency climbed back and re-took these levels’ mid-area. In a report, QCP Capital stated the following regarding Bitcoin’s potential to see a stronger rally in the mid-term:For now, the topside remains capped by resistance at the 46 – 48.5k region with support at the 40.5 – 42k region. In spite of the leveraged washout, BTC has climbed back up to 44,000 level. While we remain wary of a “sell the news” knee-jerk reaction to the downside, this resilient price action gives us more confidence in the medium-term bullish view into BTC halving towards Mar/Apr this year.Cover image from Unsplash, chart from Tradingview$BTC #2024withBinance

The Bitcoin Halving event, which happens every 4 years on the blockchain, is on the verge of kicking off the 100 day countdownWhile the hype around spot Bitcoin ETF approval is holding the attention of traders and investors, another significant event in Bitcoin Halving is awaiting in the year 2024.Bitcoin Halving In 100 DaysThe Halving event, which happens every 4 years on the blockchain, marks the splitting of block rewards. This time around, the event is slated to happen in the second quarter of the year, tentatively around April 19, 2024. Historically, in the months following the Bitcoin Halving, the BTC Price tends to take a steady upward curve leading to the next all time high range. Read More to know What Is Bitcoin Halving?The scenario repeated after the first halving date of November 28, 2012, second halving date of July 9, 2016 and third halving date of May 11, 2020. Around 18 months after the last Halving event, the BTC price peaked at an all time high of $69,000. At the current range of $44,000, the top cryptocurrency needs a jump by around 30% to reach a new all time high, which is speculated to be possible considering the prospects of a spot Bitcoin ETF approval.BTC Price New All Time High In 2025?Going by the price history patterns before and after the Halving, the current cycle for BTC price could likely take a bullish run sometime in 2025. Interestingly, this timeline also supports potential flow of significant institutional money through the Bitcoin ETF space, going into 2025. Hence, the $100K Bitcoin (BTC) price target prediction until end of 2024 by Standard Chartered seems not too far fetched.#2024withBinance #BTCHALVING #Osmy_CryptoT #BinanceTournament

Bitcoin price prediction as the coin takes a breather from the post-ETF sell-off below $39,000 but to affirm the uptrend, BTC must make several consecutive closes above $40,000.Bitcoin price prediction: BTC is fighting to secure its position above $40,000 backed by a modest recovery from the recent dive below $39,000. BTC led the entire crypto market on a rabbit hunt following the approval of spot Bitcoin ETFs in the US on January 10. While a brief rally propelled the largest crypto to $49,000 an unexpected sell-off left most investors bleeding profusely.If BTC price established support above $40,000 before the end of the US session, this week could end on a positive note with gains closing the gap to $50,000.However, it would be advisable not to jump the gun and go all-in on Bitcoin until bulls and bears resolve the ongoing tug-of-war.Bitcoin Price Prediction: Is BTC Ready Close In On $50,000?Bitcoin has been accepted back into the range with support at $40,000 and resistance at $42,000. Consolidation is expected within these limits in the coming days while traders bet on a continuing rise toward $50,000.The Relative Strength Index (RSI) although neutral at 39, reveals that the uptrend will not be straightforward, at least for now. Traders should be careful to avoid sudden corrections likely to culminate in bull traps.Remember, Bitcoin holds below two critical moving averages; the 20-day Exponential Moving Average (EMA) (in blue) and the 50-day EMA (in red). With this negative outlook in play, it could take time before the uptrend to $50,000 is confirmed.Bitcoin price predictions chart | TradingviewBased on the Money Flow Index (MFI), an indicator used to track the flow of money into and out of Bitcoin, buyers have the upper hand. However, for more commendable results, the index must keep moving higher above 30.Despite the potential correction to $38,000 and $36,000 likely to spook investors, it would be an impactful accumulation region. In other words, we could see more investors dollar-cost averaging (DCA) throughout these levels, in turn, building the momentum for a larger rebound.Will BTC Rally To Hit ATHThe current pullback followed a sell-the news event, as investors reacted to the ETF. Since markets do not correct forever, and with the halving narrative soon to begin, a major rebound is anticipated over the coming months.Bitcoin halving occurs every four years and this time it is expected to fall in April. The event slashes miner rewards by half, significantly reducing the supply of new coins entering the market.As supply dwindles, demand will increase and even more significantly with the the launch of spot ETFs. As has been the outcome of previous halving events, Bitcoin price has the potential to hit a new all-time and perhaps explode above $100,000.#TrendingTopic #Priceanalysis #Osmy_CryptoT #dyor #2024withBinance

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