BTCto40k
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💰💼 CryptoQuant Alarm reports a hefty deposit of 2,127.20 BTC (KRW 128.6 billion) into Binance. 🏦🚀 #CryptoDeposit #Binance #BTCto40k
$BTC and Liquidated traders updates🔥
In the past 24 hours , 81 463 traders were liquidated , the total liquidations comes in at $231.52 million . this is huge😌
#BTC ~ 44 000
#BTCto40k #BTC.price.surpassed #BTCPriceForecast
In the past 24 hours , 81 463 traders were liquidated , the total liquidations comes in at $231.52 million . this is huge😌
#BTC ~ 44 000
#BTCto40k #BTC.price.surpassed #BTCPriceForecast
📈💰 Bitcoin Holds Firm Above $43.5K: Looming Risk of a Long Squeeze? (BTC Price Analysis) 📊🔍
Bitcoin stands resilient, maintaining its position above $43.5K, yet concerns arise regarding the potential threat of a long squeeze. Here's a detailed analysis exploring this narrative! 💡💼
🔍 Stability Above $43.5K 📈💪
Bitcoin's stability above the $43.5K mark showcases its strength within the market, reflecting a level of support amid ongoing fluctuations.
📉 Potential Risk of a Long Squeeze ⚠️🔄
However, discussions around a potential long squeeze hover in the market discourse. This scenario raises concerns about a significant downturn resulting from prolonged selling pressure, posing a risk to the current stability.
📊 Assessing Market Dynamics 💭🌐
Analyzing market dynamics becomes pivotal to understanding the potential implications. Factors such as trading volumes, sentiment shifts, and investor behavior play crucial roles in determining Bitcoin's trajectory.
🚨 Vigilance Amid Uncertain Times 🛑🔮
Amid the uncertainty, vigilance becomes paramount. Market participants keep a keen eye on Bitcoin's movements, monitoring closely for signs of any significant shifts or escalating pressures.
Bitcoin's steadfast position above $43.5K underscores its resilience, but the looming threat of a potential long squeeze raises cautionary flags within the market. As market sentiment fluctuates, remaining attentive to Bitcoin's movements and associated risks remains a priority for investors and analysts alike. 📈💡
#BTC #BTCto40k #BinanceSquareGenerosity
Bitcoin stands resilient, maintaining its position above $43.5K, yet concerns arise regarding the potential threat of a long squeeze. Here's a detailed analysis exploring this narrative! 💡💼
🔍 Stability Above $43.5K 📈💪
Bitcoin's stability above the $43.5K mark showcases its strength within the market, reflecting a level of support amid ongoing fluctuations.
📉 Potential Risk of a Long Squeeze ⚠️🔄
However, discussions around a potential long squeeze hover in the market discourse. This scenario raises concerns about a significant downturn resulting from prolonged selling pressure, posing a risk to the current stability.
📊 Assessing Market Dynamics 💭🌐
Analyzing market dynamics becomes pivotal to understanding the potential implications. Factors such as trading volumes, sentiment shifts, and investor behavior play crucial roles in determining Bitcoin's trajectory.
🚨 Vigilance Amid Uncertain Times 🛑🔮
Amid the uncertainty, vigilance becomes paramount. Market participants keep a keen eye on Bitcoin's movements, monitoring closely for signs of any significant shifts or escalating pressures.
Bitcoin's steadfast position above $43.5K underscores its resilience, but the looming threat of a potential long squeeze raises cautionary flags within the market. As market sentiment fluctuates, remaining attentive to Bitcoin's movements and associated risks remains a priority for investors and analysts alike. 📈💡
#BTC #BTCto40k #BinanceSquareGenerosity
‼️‼️ Explaining Bitcoin’s ‘Flash Crash’
Bitcoin (BTC) dropped 7.5% Monday morning, its steepest intraday drop since mid-August. Bitcoin is still up over 150% this year, though the massive, sudden and unexpected “red candle” on the charts is a reminder of the largest cryptocurrency’s volatility.
Last week it seemed like very little could stand in bitcoin’s way, with many of the industry’s long-standing issues seemingly resolved. So why did bitcoin drop today?
It might be better to start at why it was climbing in the first place.
For instance, Binance, the largest and most controversial crypto exchange, agreed to pay a $4.3 billion fine to U.S authorities to keep operating, a “historic” penalty it seems likely to survive. This settlement also cast the U.S. Securities and Exchange Commission’s (SEC) legal imbroglio with U.S.-based exchanges Coinbase and Kraken in a better light.
The regulatory front in the U.S., generally speaking, also seems to be easing. If there isn’t yet “regulatory clarity,” (that old industry adage)proposals have been made by high-ranking legislators giving a good indication of what’s likely to come.
There are also predictable events like Bitcoin’s scheduled “halving” next year, when the network literally cuts the amount of BTC that enters into circulation in half, and the potential the SEC approves a bitcoin ETF application. Market watchers have been talking up both events, and the ETF could be said to be the prime driver of bitcoin’s price recently
Then there are the macroeconomic forecasts. Bitcoin, which is sometimes called “digital gold” because it theoretically could act like a similar store-of-value, has rallied alongside its physical metallic counterpart. Gold futures recently settled at a record end-of-day high, in part driven by inflation concerns.
Interest ratesmanaged by the Federal Reserve, are at their highest level yet in the 21st century, as the U.S. central bank works to quell inflation and cool an overheated economy. #BinanceTournament #BTCto40k #btcupdates #newsTrading
Bitcoin (BTC) dropped 7.5% Monday morning, its steepest intraday drop since mid-August. Bitcoin is still up over 150% this year, though the massive, sudden and unexpected “red candle” on the charts is a reminder of the largest cryptocurrency’s volatility.
Last week it seemed like very little could stand in bitcoin’s way, with many of the industry’s long-standing issues seemingly resolved. So why did bitcoin drop today?
It might be better to start at why it was climbing in the first place.
For instance, Binance, the largest and most controversial crypto exchange, agreed to pay a $4.3 billion fine to U.S authorities to keep operating, a “historic” penalty it seems likely to survive. This settlement also cast the U.S. Securities and Exchange Commission’s (SEC) legal imbroglio with U.S.-based exchanges Coinbase and Kraken in a better light.
The regulatory front in the U.S., generally speaking, also seems to be easing. If there isn’t yet “regulatory clarity,” (that old industry adage)proposals have been made by high-ranking legislators giving a good indication of what’s likely to come.
There are also predictable events like Bitcoin’s scheduled “halving” next year, when the network literally cuts the amount of BTC that enters into circulation in half, and the potential the SEC approves a bitcoin ETF application. Market watchers have been talking up both events, and the ETF could be said to be the prime driver of bitcoin’s price recently
Then there are the macroeconomic forecasts. Bitcoin, which is sometimes called “digital gold” because it theoretically could act like a similar store-of-value, has rallied alongside its physical metallic counterpart. Gold futures recently settled at a record end-of-day high, in part driven by inflation concerns.
Interest ratesmanaged by the Federal Reserve, are at their highest level yet in the 21st century, as the U.S. central bank works to quell inflation and cool an overheated economy. #BinanceTournament #BTCto40k #btcupdates #newsTrading
Why did the price of Bitcoin rise today?
BTC is trading around A return of over $42,000 marks an 18-month high as BTC falls by $4 billion in two days This is in response to what happened.
Market expectations that a spot BTC exchange-traded fund (ETF) will be approved in January 2024 are reflected in the economic recovery with strong capital inflows from institutional investors.
Furthermore, the Federal Open Market Committee (FOMC), a division of the Federal Reserve Board (FRB), refrained from raising interest rates and kept interest rates unchanged at 5.
25% to 5.
50%.
Fed Chairman Jerome Powell was less restrictive in his press conference after the rate decision.
This is the third consecutive time the Fed has kept interest rates unchanged.
This suggests that monetary policy is being eased, even as the central bank remains focused on bringing inflation down to 2%.$
#BTCto40k #BTC $BTC #BTC $BTC #BinanceTournament
BTC is trading around A return of over $42,000 marks an 18-month high as BTC falls by $4 billion in two days This is in response to what happened.
Market expectations that a spot BTC exchange-traded fund (ETF) will be approved in January 2024 are reflected in the economic recovery with strong capital inflows from institutional investors.
Furthermore, the Federal Open Market Committee (FOMC), a division of the Federal Reserve Board (FRB), refrained from raising interest rates and kept interest rates unchanged at 5.
25% to 5.
50%.
Fed Chairman Jerome Powell was less restrictive in his press conference after the rate decision.
This is the third consecutive time the Fed has kept interest rates unchanged.
This suggests that monetary policy is being eased, even as the central bank remains focused on bringing inflation down to 2%.$
#BTCto40k #BTC $BTC #BTC $BTC #BinanceTournament
#BTCto40k
Expecting this move soon✅
Wenesday interest rate annoucement.
Expecting a short term correction soon🔥
Expecting this move soon✅
Wenesday interest rate annoucement.
Expecting a short term correction soon🔥
1. Luke Dashjr, a Bitcoin Core developer, addressed the OP_RETURN debate, dating back to 2014.
2. Bitcoin Core 0.9.0 introduced OP_RETURN to deter severe spam by limiting data carrier size to 40 bytes.
3. Later, the default size was increased to 80 bytes, maintaining the goal of creating provable, trimmable outputs.
4. This increase aimed to minimize damage from abusive data storage schemes.
5. Dashjr highlighted technical reasons for keeping the lower default value in Bitcoin Knots.
6. There's no intention to filter coinjoin transactions, crucial for enhancing Bitcoin's privacy.
7. Properly constructed coinjoins can adhere to OP_RETURN limits without needing OP_RETURN data.
8. Dashjr's team is open to collaborating on a solution for Knots v25 marking some coinjoin transactions as spam.
9. Cooperation aims to address the recent issue without compromising privacy tools like coinjoins.
10. Dashjr's commitment involves utilizing team resources sincerely for developing a resolution.
#BTC #BTCto40k
2. Bitcoin Core 0.9.0 introduced OP_RETURN to deter severe spam by limiting data carrier size to 40 bytes.
3. Later, the default size was increased to 80 bytes, maintaining the goal of creating provable, trimmable outputs.
4. This increase aimed to minimize damage from abusive data storage schemes.
5. Dashjr highlighted technical reasons for keeping the lower default value in Bitcoin Knots.
6. There's no intention to filter coinjoin transactions, crucial for enhancing Bitcoin's privacy.
7. Properly constructed coinjoins can adhere to OP_RETURN limits without needing OP_RETURN data.
8. Dashjr's team is open to collaborating on a solution for Knots v25 marking some coinjoin transactions as spam.
9. Cooperation aims to address the recent issue without compromising privacy tools like coinjoins.
10. Dashjr's commitment involves utilizing team resources sincerely for developing a resolution.
#BTC #BTCto40k
🚀 Crypto Buzz: 5 Highlights for the Week Ahead
🌐 Global Crypto Landscape Shifting: Bitcoin's Resilience Tested
The global cryptocurrency market is navigating uncertainties, with Bitcoin currently trading at $41,800, down 4% from its weekly open.
1. Federal Reserve's Dovish Turn
Following a dovish speech by Federal Reserve Chairman Jerome Powell, major cryptocurrencies experienced a rebound. BlackRock sees this as a green light for investors, and there's speculation about a possible Fed rate cut by March, presenting a bullish signal for the crypto market.
2. Solana's Surge: Aiming for $88?
Despite Bitcoin's volatility, Solana (SOL) witnessed a bullish rally, reaching $79 before a slight dip to $72.26. Analysts anticipate a potential climb to $88, with factors like a breakout and retest of its ascending triangle contributing to bullish sentiment.
3. Bitcoin at a Crossroads: Crucial Resistance
Bitcoin faces a crucial resistance at $42,000. Trading below this level, BTC's technical analysis shifts from "Strong Buy" to "Buy," with the 20-day Simple Moving Average at $41,553 posing a critical test. A break below might push Bitcoin below $40,000, signaling a significant shift.
4. Altcoin Watch: XRP and Ethereum in Focus
Large-cap altcoins, XRP and Ethereum, are navigating crucial ranges, presenting potential opportunities for traders. Market watchers suggest keeping a close eye on these altcoins as they could play a defining role in the overall market direction.
5. ICO Milestone: Bitcoin Minetrix Hits $5 Million
The ICO scene sees a standout player with Bitcoin Minetrix (BTCMTX), a native cryptocurrency facilitating an innovative cloud mining platform. Investors are drawn to its utility, offering a simplified stake-to-mine process and passive BTC rewards, challenging the dominance of traditional crypto mining by corporations.
📈 Stay Informed, Stay Ahead: Follow Blockopedia for Real-time Updates!
#BTCto40k #BONK #crypto #cryptocurrency #crypto2023
🌐 Global Crypto Landscape Shifting: Bitcoin's Resilience Tested
The global cryptocurrency market is navigating uncertainties, with Bitcoin currently trading at $41,800, down 4% from its weekly open.
1. Federal Reserve's Dovish Turn
Following a dovish speech by Federal Reserve Chairman Jerome Powell, major cryptocurrencies experienced a rebound. BlackRock sees this as a green light for investors, and there's speculation about a possible Fed rate cut by March, presenting a bullish signal for the crypto market.
2. Solana's Surge: Aiming for $88?
Despite Bitcoin's volatility, Solana (SOL) witnessed a bullish rally, reaching $79 before a slight dip to $72.26. Analysts anticipate a potential climb to $88, with factors like a breakout and retest of its ascending triangle contributing to bullish sentiment.
3. Bitcoin at a Crossroads: Crucial Resistance
Bitcoin faces a crucial resistance at $42,000. Trading below this level, BTC's technical analysis shifts from "Strong Buy" to "Buy," with the 20-day Simple Moving Average at $41,553 posing a critical test. A break below might push Bitcoin below $40,000, signaling a significant shift.
4. Altcoin Watch: XRP and Ethereum in Focus
Large-cap altcoins, XRP and Ethereum, are navigating crucial ranges, presenting potential opportunities for traders. Market watchers suggest keeping a close eye on these altcoins as they could play a defining role in the overall market direction.
5. ICO Milestone: Bitcoin Minetrix Hits $5 Million
The ICO scene sees a standout player with Bitcoin Minetrix (BTCMTX), a native cryptocurrency facilitating an innovative cloud mining platform. Investors are drawn to its utility, offering a simplified stake-to-mine process and passive BTC rewards, challenging the dominance of traditional crypto mining by corporations.
📈 Stay Informed, Stay Ahead: Follow Blockopedia for Real-time Updates!
#BTCto40k #BONK #crypto #cryptocurrency #crypto2023
#BTCto40k #Bullish
Bitcoin has finally broken through $39,000!
🚀The Bitcoin rate made an impressive leap, reaching a peak of $39,717.
🗣This is a landmark event for the crypto market, reflecting increased interest and optimism regarding the future of the first cryptocurrency.
During this rally, the shortists suffered significant losses. According to Coinglass, $51 million worth of positions were liquidated in an hour. One trader in particular lost $2 millio
Bitcoin has finally broken through $39,000!
🚀The Bitcoin rate made an impressive leap, reaching a peak of $39,717.
🗣This is a landmark event for the crypto market, reflecting increased interest and optimism regarding the future of the first cryptocurrency.
During this rally, the shortists suffered significant losses. According to Coinglass, $51 million worth of positions were liquidated in an hour. One trader in particular lost $2 millio
BTC Update 🎯
BTC Broken The pattern let's see the bullish now #BTCto40k #BTC.price.surpassed #BTC/Update:
BTC Broken The pattern let's see the bullish now #BTCto40k #BTC.price.surpassed #BTC/Update:
#According to Cointelegraph, data shows transaction fees have reached a 20-month high, with 4,444 Bitcoin miners benefiting from higher transaction fees.
Bitcoin transaction costs are currently divided as the price of remittance BTC continues to rise.
On December 17, data from statistical resource BitInfoCharts showed that average transaction fees reached almost $40, the highest amount since April 2021.
At the same time, miners' income increased rapidly, rivaling the price of BTC when it reached its all-time high.
It reached a 2021 high of $69,000 in November.
Recent Bitcoin network activity, including a surge in transactions generated by Bitcoin Ordinals, has increased transaction fees for all network users.
For comparison, Bitcoin's memory pool, the pool of unconfirmed transactions waiting to be included in the next block, has increased significantly.
As a result, even transactions with fees as low as $2 do not receive on-chain priority.
This has sparked a heated debate among Bitcoin supporters.
Some market participants believe that high trading fees are due to network congestion and will decrease over time, while others argue that high trading fees are an inevitable future scenario.
Masu.
Regarding miner revenue, Blockchain.com data highlights that the total miner revenue derived from block grants and USD-denominated fees has reached the level previously reached in November 2021.
This miner increase
Commentators such as Hodlonaut argue that the current high fees are a glimpse into the future, as scaling doesn't occur on Layer 1. This statement encourages Bitcoin users to embrace Layer-2 solutions like the Lightning Network, designed to cater to mass adoption without overwhelming the main Bitcoin network.
#BTCto40k #BTC #BONK #BinanceTournament #Shibaprice $BTC $SHIB $BNB
Bitcoin transaction costs are currently divided as the price of remittance BTC continues to rise.
On December 17, data from statistical resource BitInfoCharts showed that average transaction fees reached almost $40, the highest amount since April 2021.
At the same time, miners' income increased rapidly, rivaling the price of BTC when it reached its all-time high.
It reached a 2021 high of $69,000 in November.
Recent Bitcoin network activity, including a surge in transactions generated by Bitcoin Ordinals, has increased transaction fees for all network users.
For comparison, Bitcoin's memory pool, the pool of unconfirmed transactions waiting to be included in the next block, has increased significantly.
As a result, even transactions with fees as low as $2 do not receive on-chain priority.
This has sparked a heated debate among Bitcoin supporters.
Some market participants believe that high trading fees are due to network congestion and will decrease over time, while others argue that high trading fees are an inevitable future scenario.
Masu.
Regarding miner revenue, Blockchain.com data highlights that the total miner revenue derived from block grants and USD-denominated fees has reached the level previously reached in November 2021.
This miner increase
Commentators such as Hodlonaut argue that the current high fees are a glimpse into the future, as scaling doesn't occur on Layer 1. This statement encourages Bitcoin users to embrace Layer-2 solutions like the Lightning Network, designed to cater to mass adoption without overwhelming the main Bitcoin network.
#BTCto40k #BTC #BONK #BinanceTournament #Shibaprice $BTC $SHIB $BNB
Bitcoin Reaching Highest Value since April 2022 with 5% 24-Hour Increase
As of December 6, 2023, Bitcoin was trading at $43,815.27, with a 5.09% increase over the last 24 hours and a market capitalization of $857.13 billion.
The price spike above $44,000, observed on some crypto exchanges, marked the highest point since early April 2022.#BTCto40k #BTC #TradingTactics #cryptocurreny
bullish season $BTC
As of December 6, 2023, Bitcoin was trading at $43,815.27, with a 5.09% increase over the last 24 hours and a market capitalization of $857.13 billion.
The price spike above $44,000, observed on some crypto exchanges, marked the highest point since early April 2022.#BTCto40k #BTC #TradingTactics #cryptocurreny
bullish season $BTC
#BTC #BTCto40k Bitcoin aims at $40,000
BTCUSD is on the cusp of a critical breakthrough, with its price recently soaring to the highest level of the year, spurred by investor optimism following comments from Federal Reserve Chair Jerome Powell hinting at stable interest rates.
Technical charts reveal a bullish narrative as BTC navigates an ascending channel, bolstering the sentiment that $40,000 is within reach. The market's robust upward momentum is evidenced by a staggering $600 million in short liquidations, an emphatic display of the shifting market dynamics.
On-chain data supports this narrative, with Bitcoin futures open interest on the rise, signaling an inflow of capital and a sustained commitment from traders. This increase in open interest, coupled with the considerable liquidation volume, indicates a market brimming with activity and potential for significant price movements.
As Bitcoin flirts with the $39,000 mark, investors should watch closely for a sustained push beyond this resistance. The RSI, while indicative of strong buying pressure, also cautions of an overextended market, which is a direct signal of an upcoming price correction.
Adding to the intrigue, Bitcoin's social dominance is surging as interest shifts from altcoins back to the original cryptocurrency. With more dominant performance of the digital gold on the market, alternative assets gradually lose funding, which leads to a more sustainable rally of BTC.
Furthermore, the crypto market awaits the SEC's potential approval of a Bitcoin-linked ETF, which could serve as a significant boost for the whole industry and spark an inflow of institutional funds we needed so drastically.
While technical indicators and market sentiment point toward a bullish trend, caution is not something you should put aside considering the current state of indicators like the RSI. Nonetheless, the market's fundamentals, coupled with supportive macroeconomic conditions, suggest that the coveted $40,000 price point is not only within sight but may well be breached in the foreseeable future.
BTCUSD is on the cusp of a critical breakthrough, with its price recently soaring to the highest level of the year, spurred by investor optimism following comments from Federal Reserve Chair Jerome Powell hinting at stable interest rates.
Technical charts reveal a bullish narrative as BTC navigates an ascending channel, bolstering the sentiment that $40,000 is within reach. The market's robust upward momentum is evidenced by a staggering $600 million in short liquidations, an emphatic display of the shifting market dynamics.
On-chain data supports this narrative, with Bitcoin futures open interest on the rise, signaling an inflow of capital and a sustained commitment from traders. This increase in open interest, coupled with the considerable liquidation volume, indicates a market brimming with activity and potential for significant price movements.
As Bitcoin flirts with the $39,000 mark, investors should watch closely for a sustained push beyond this resistance. The RSI, while indicative of strong buying pressure, also cautions of an overextended market, which is a direct signal of an upcoming price correction.
Adding to the intrigue, Bitcoin's social dominance is surging as interest shifts from altcoins back to the original cryptocurrency. With more dominant performance of the digital gold on the market, alternative assets gradually lose funding, which leads to a more sustainable rally of BTC.
Furthermore, the crypto market awaits the SEC's potential approval of a Bitcoin-linked ETF, which could serve as a significant boost for the whole industry and spark an inflow of institutional funds we needed so drastically.
While technical indicators and market sentiment point toward a bullish trend, caution is not something you should put aside considering the current state of indicators like the RSI. Nonetheless, the market's fundamentals, coupled with supportive macroeconomic conditions, suggest that the coveted $40,000 price point is not only within sight but may well be breached in the foreseeable future.
**What are the things you should be aware of before investing in cryptocurrencies?
Here are a few
1. Understand the mechanism of buying, selling and exchanging cryptocurrencies before investing
2. A diversified portfolio is key to long-term success
3. Do your own research before taking any action
4. Compare the roadmap with developer activity
5. Timing is everything
6. Don't invest more than you can lose
7. Keep the long term in mind
#BTC #etf #dydx #USTC #ETH
"Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like.😊✨🚀
#BTCto40k #Btc
Here are a few
1. Understand the mechanism of buying, selling and exchanging cryptocurrencies before investing
2. A diversified portfolio is key to long-term success
3. Do your own research before taking any action
4. Compare the roadmap with developer activity
5. Timing is everything
6. Don't invest more than you can lose
7. Keep the long term in mind
#BTC #etf #dydx #USTC #ETH
"Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like.😊✨🚀
#BTCto40k #Btc