BTC_Bounce_Back_to_57k
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Bitcoin dipped below $55,000 due to selling pressure from the U.S. and German governments, and Mt. Gox creditors. Now, it has bounced back above $57,600, fueled by macroeconomic tailwinds and potential Ethereum ETF approval. What's next for the market? 🌟📈
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🗞 Daily Bulletin | July 9
🔸 Bitcoin Continues Rebound as Spot ETFs See $295 Million in Deposits
🔸 BlackRock's BUIDL Fund tops $500M as tokenized treasury market soars
🔸 VanEck, 21Shares Solana ETF Plan confirmed in Cboe filing
🔸 Dubai Customs Launches Blockchain Platform!
🔸 Australia's largest stock exchange ASX approves its second spot Bitcoin ETF.
🔸 Fantom Foundation awarded $2.2m for losses suffered in the Multichain bridge exploit by court in Singapore
🔸 Tangem plans crypto Visa payment card with hardware wallet
🔸 July's $350 million worth of token unlocks includes Worldcoin, XAI, Arbitrum, Aptos, and more
#BTC_Bounce_Back_to_57k #NewsAboutCrypto #newsdaily #cryptonews #Germany
🔸 Bitcoin Continues Rebound as Spot ETFs See $295 Million in Deposits
🔸 BlackRock's BUIDL Fund tops $500M as tokenized treasury market soars
🔸 VanEck, 21Shares Solana ETF Plan confirmed in Cboe filing
🔸 Dubai Customs Launches Blockchain Platform!
🔸 Australia's largest stock exchange ASX approves its second spot Bitcoin ETF.
🔸 Fantom Foundation awarded $2.2m for losses suffered in the Multichain bridge exploit by court in Singapore
🔸 Tangem plans crypto Visa payment card with hardware wallet
🔸 July's $350 million worth of token unlocks includes Worldcoin, XAI, Arbitrum, Aptos, and more
#BTC_Bounce_Back_to_57k #NewsAboutCrypto #newsdaily #cryptonews #Germany
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🚨🚨🚨 Alert alert alert 🚨🚨🚨 Shocking news 😲😲😲 🗞️ 🫨🫨🫨 Don’t miss this news 👇👇👇👇👇👇👇👇👇👇👇👇 👇👇👇👇👇👇👇
Bitcoin's current ratio MVRV is retesting its 365-day simple moving average (SMA), an important psychological level. The MVRV ratio, an on-chain indicator, compares Bitcoin's market value to its realized value, showing whether investors are in a profit or a loss. A value greater than 1 means that investors are in profit, while a value less than 1 indicates losses. When the ratio is exactly 1, investors are in a break-even state.
Since the all-time high (ATH) in March, the MVRV ratio has been declining due to bearish market momentum. Despite this, the current value is around 1.8, which indicates that investors are still in profit. Historically, the 365-day SMA has served as an important support level during uptrends. When the MVRV ratio crosses below this line, it often indicates a shift toward a downtrend.
This test of the 365-day SMA is important for Bitcoin. If this support is maintained, Bitcoin may avoid a prolonged bearish period. However, if the ratio falls below this SMA, it may indicate a prolonged downtrend. Currently, Bitcoin is trading at around $56,900, showing only a slight recovery from its recent collapse.
🤝 Follow #MU_Traders
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7
Bitcoin's current ratio MVRV is retesting its 365-day simple moving average (SMA), an important psychological level. The MVRV ratio, an on-chain indicator, compares Bitcoin's market value to its realized value, showing whether investors are in a profit or a loss. A value greater than 1 means that investors are in profit, while a value less than 1 indicates losses. When the ratio is exactly 1, investors are in a break-even state.
Since the all-time high (ATH) in March, the MVRV ratio has been declining due to bearish market momentum. Despite this, the current value is around 1.8, which indicates that investors are still in profit. Historically, the 365-day SMA has served as an important support level during uptrends. When the MVRV ratio crosses below this line, it often indicates a shift toward a downtrend.
This test of the 365-day SMA is important for Bitcoin. If this support is maintained, Bitcoin may avoid a prolonged bearish period. However, if the ratio falls below this SMA, it may indicate a prolonged downtrend. Currently, Bitcoin is trading at around $56,900, showing only a slight recovery from its recent collapse.
🤝 Follow #MU_Traders
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7
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Whale Psychology 🐳 (Day 6) || Using blockchain analysis
Today, we'll explore how on-chain analysis can help you track whale movement. This powerful tool can give you insight into the behavior of top investors and help you predict market trends.
What is on-chain analysis?
On-chain analysis involves examining blockchain data to understand the behavior of cryptocurrency transactions. It provides a transparent view of all transactions, allowing you to track large transfers and wallet activities.
What is on-chain analysis?
On-chain analysis involves examining blockchain data to understand the behavior of cryptocurrency transactions. It provides a transparent view of all transactions, allowing you to track large transfers and wallet activities.
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Join the Dex-Trade community today and get ready to start trading Virtual Coin (VRC) on our platform!
#BTC_Bounce_Back_to_57k #US_Job_Market_Slowdown #SOFR_Spike #BinanceTurns7 #BinanceTournament
We're excited to announce that a new coin, Virtual Coin (VRC), will soon be listed on Dex-Trade Exchange! This new coin will be available for trading on our platform in the coming days, and we can't wait for you to try it out.
The following trading pair will be supported:
VRC/USDT
At Dex-Trade, we're dedicated to making cryptocurrency trading safe, easy and affordable for everyone. That's why we provide minimal commissions for all our users, whether you're a beginner or a professional trader. With high liquidity in our order books, you can trade efficiently with orders of any volume.
For more information about VRC, be sure to check out their official website and other resources:
Official website: https://vrccoin.com/
Twitter: https://twitter.com/VrcCoin
Telegram: https://t.me/VRC71official
Facebook: https://www.facebook.com/officialvrccoin
Whitepaper: https://vrccoin.com/static/media/VIRTUALCOIN_PDF.d2a8e9461e1bd156e33f.pdf
Join the Dex-Trade community today and get ready to start trading Virtual Coin (VRC) on our platform!
#BTC_Bounce_Back_to_57k #US_Job_Market_Slowdown #SOFR_Spike #BinanceTurns7 #BinanceTournament