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Bitcoin’s Dominance Soars in 2024: Spot ETFs and Institutional Adoption Drive Growth The year 2024
Bitcoin’s Dominance Soars in 2024: Spot ETFs and Institutional Adoption Drive Growth
The year 2024 has proven transformative for digital assets, with Bitcoin (BTC) experiencing a surge in institutional adoption. This evolution has been driven by two key factors: the integration of Bitcoin into public balance sheets as a treasury asset and the growing success of U.S. spot-listed exchange-traded funds (ETFs), which have collectively secured over 1 million BTC.
Bitcoin ETFs Outpace Gold in AUM
A report from K33 Research highlights that U.S.-listed Bitcoin ETFs have surpassed Gold ETFs in total assets under management (AUM), including leveraged and futures-based products. As of December 17, Bitcoin ETFs boast an AUM of $129.25 billion, narrowly exceeding the $128.88 billion held by Gold ETFs.
When focusing exclusively on spot-based ETFs, Gold still holds a slight lead. According to Bloomberg Senior ETF Analyst Eric Balchunas, U.S. spot Bitcoin ETFs manage $120 billion in AUM, compared to $125 billion for spot Gold ETFs.
Institutional Activity at the CME
The Chicago Mercantile Exchange (CME), a key platform for institutional Bitcoin trading, continues to see robust activity. Futures open interest has reached new highs, with contracts totaling 212,635 BTC.
The basis trade premium — a measure of market confidence — has climbed to 16.4%, the highest level since November 2023. The premium for January contracts is particularly notable, widening to 1.5% over December contracts. This marks the largest next-month premium recorded since late 2023.
The December CME contract remains the most valuable, with open interest equivalent to 113,480 BTC. Analysts anticipate a significant December roll, potentially amplified by upcoming banking holidays, which could further boost the January premium.
Consistent Inflows into Bitcoin ETFs
Since November 27, U.S. spot-listed Bitcoin ETFs have recorded daily net inflows, accumulating $6.5 billion by mid-December, according to Farside data. A substantial portion of these inflows is linked to cash-and-carry trades, benefiting from the widening basis trade premium and growing open interest on CME contracts.
The Road Ahead
With strong institutional interest and the continued rise of Bitcoin ETFs, the digital asset market is poised for further growth. The developments in 2024 underscore Bitcoin’s increasing appeal as both a treasury asset and a financial instrument, solidifying its position in the broader investment landscape.
#btcupdates2024 #BtcNews #btc $BTC
The year 2024 has proven transformative for digital assets, with Bitcoin (BTC) experiencing a surge in institutional adoption. This evolution has been driven by two key factors: the integration of Bitcoin into public balance sheets as a treasury asset and the growing success of U.S. spot-listed exchange-traded funds (ETFs), which have collectively secured over 1 million BTC.
Bitcoin ETFs Outpace Gold in AUM
A report from K33 Research highlights that U.S.-listed Bitcoin ETFs have surpassed Gold ETFs in total assets under management (AUM), including leveraged and futures-based products. As of December 17, Bitcoin ETFs boast an AUM of $129.25 billion, narrowly exceeding the $128.88 billion held by Gold ETFs.
When focusing exclusively on spot-based ETFs, Gold still holds a slight lead. According to Bloomberg Senior ETF Analyst Eric Balchunas, U.S. spot Bitcoin ETFs manage $120 billion in AUM, compared to $125 billion for spot Gold ETFs.
Institutional Activity at the CME
The Chicago Mercantile Exchange (CME), a key platform for institutional Bitcoin trading, continues to see robust activity. Futures open interest has reached new highs, with contracts totaling 212,635 BTC.
The basis trade premium — a measure of market confidence — has climbed to 16.4%, the highest level since November 2023. The premium for January contracts is particularly notable, widening to 1.5% over December contracts. This marks the largest next-month premium recorded since late 2023.
The December CME contract remains the most valuable, with open interest equivalent to 113,480 BTC. Analysts anticipate a significant December roll, potentially amplified by upcoming banking holidays, which could further boost the January premium.
Consistent Inflows into Bitcoin ETFs
Since November 27, U.S. spot-listed Bitcoin ETFs have recorded daily net inflows, accumulating $6.5 billion by mid-December, according to Farside data. A substantial portion of these inflows is linked to cash-and-carry trades, benefiting from the widening basis trade premium and growing open interest on CME contracts.
The Road Ahead
With strong institutional interest and the continued rise of Bitcoin ETFs, the digital asset market is poised for further growth. The developments in 2024 underscore Bitcoin’s increasing appeal as both a treasury asset and a financial instrument, solidifying its position in the broader investment landscape.
#btcupdates2024 #BtcNews #btc $BTC
#Bitcoin Flash Crash Analysis: What Unfolded?
Market Snapshot:
Bitcoin ($BTC /USDT) encountered intense volatility, tumbling sharply after achieving a fresh All-Time High (ATH) of $108,300. In an unusually swift move, BTC shed nearly $2,500 in value within just 20 minutes, sinking to a low of $107,351.
Key Insights Abrupt Decline:
The sharp plunge signals significant selling pressure or a potential liquidity squeeze. Such rapid price drops are often tied to leveraged position liquidations.
Market Response:
The sudden volatility triggered panic selling and stop-loss orders, creating a feedback loop that amplified the price drop.
Volume Explosion:
A noticeable spike in trading volume during the plunge suggests the involvement of whales or institutional players initiating heavy sell-offs.
Critical Levels to Watch Resistance:
$108,300 remains a major hurdle. A decisive breakout above this level is necessary for bullish continuation.Immediate Support: BTC is attempting to consolidate near $107,350, the current stabilization point.
Key Support Zone:
If selling pressure persists, BTC may test $105,500, with potential further downside toward $103,800.
Factors Behind the Drop Leveraged Liquidations:
Overextended long positions likely triggered cascading liquidations.
Profit-Taking:
Traders may have booked profits after BTC’s surge to record highs, fueling downward momentum.
Whale Movements:
Large sell orders disrupted liquidity, intensifying the sharp decline.
Short-Term Scenarios Bearish Outlook:
Failure to hold $107,350 could lead to a decline toward $106,200 and even $105,800.
Bullish Rebound:
$BTC must reclaim $107,500 to signal recovery. A breakout above $108,300 would confirm bullish strength and open doors for upward movement.
Bitcoin’s flash crash was driven by high leverage, profit-taking, and whale activity. Traders should closely monitor support and resistance levels as BTC navigates through heightened volatility.
4o
#BtcNews #BTCNewATH #BinanceAlpha
Market Snapshot:
Bitcoin ($BTC /USDT) encountered intense volatility, tumbling sharply after achieving a fresh All-Time High (ATH) of $108,300. In an unusually swift move, BTC shed nearly $2,500 in value within just 20 minutes, sinking to a low of $107,351.
Key Insights Abrupt Decline:
The sharp plunge signals significant selling pressure or a potential liquidity squeeze. Such rapid price drops are often tied to leveraged position liquidations.
Market Response:
The sudden volatility triggered panic selling and stop-loss orders, creating a feedback loop that amplified the price drop.
Volume Explosion:
A noticeable spike in trading volume during the plunge suggests the involvement of whales or institutional players initiating heavy sell-offs.
Critical Levels to Watch Resistance:
$108,300 remains a major hurdle. A decisive breakout above this level is necessary for bullish continuation.Immediate Support: BTC is attempting to consolidate near $107,350, the current stabilization point.
Key Support Zone:
If selling pressure persists, BTC may test $105,500, with potential further downside toward $103,800.
Factors Behind the Drop Leveraged Liquidations:
Overextended long positions likely triggered cascading liquidations.
Profit-Taking:
Traders may have booked profits after BTC’s surge to record highs, fueling downward momentum.
Whale Movements:
Large sell orders disrupted liquidity, intensifying the sharp decline.
Short-Term Scenarios Bearish Outlook:
Failure to hold $107,350 could lead to a decline toward $106,200 and even $105,800.
Bullish Rebound:
$BTC must reclaim $107,500 to signal recovery. A breakout above $108,300 would confirm bullish strength and open doors for upward movement.
Bitcoin’s flash crash was driven by high leverage, profit-taking, and whale activity. Traders should closely monitor support and resistance levels as BTC navigates through heightened volatility.
4o
#BtcNews #BTCNewATH #BinanceAlpha
3 NEWS THIS WEEK MOST PEOPLE MISSED! 🚨 Am I Wrong? 👇
1) $FLOKI Launches Its Debit Card
Floki has just launched its physical debit card in 31 European countries, allowing so users to spend cryptos at millions of VISA and Mastercard merchants. What's interesting is that the Debit Card won't have transaction fees and will support multiple blockchains!
2) US Treasury Finally Recognized $BTC as Digital Gold
The U.S Treasury’s 2024 Q4 report has finally recognized Bitcoin as digital gold, highlighting so its role as a store of value. This recognition is as a step toward broader institutional acceptance of digital assets and decentralized finance.
3) CZ Predicted That BTC Will Skyrocket In 5–10 Years
Former Binance CEO Changpeng Zhao (CZ) predicted that Bitcoin’s price will soar, calling it "going to the moon"! This optimism is mainly based on Bitcoin's resilience, scarcity, growing institutional adoption and increasing global recognition! For who doesn't remember, CZ’s tracked several record of accurate market predictions in the past, including Bitcoin! So this might gives weight to his outlook!
Are You Bullish Or Bearish For Next Week? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#FLOKICommunity #BtcNews #CZBinance
1) $FLOKI Launches Its Debit Card
Floki has just launched its physical debit card in 31 European countries, allowing so users to spend cryptos at millions of VISA and Mastercard merchants. What's interesting is that the Debit Card won't have transaction fees and will support multiple blockchains!
2) US Treasury Finally Recognized $BTC as Digital Gold
The U.S Treasury’s 2024 Q4 report has finally recognized Bitcoin as digital gold, highlighting so its role as a store of value. This recognition is as a step toward broader institutional acceptance of digital assets and decentralized finance.
3) CZ Predicted That BTC Will Skyrocket In 5–10 Years
Former Binance CEO Changpeng Zhao (CZ) predicted that Bitcoin’s price will soar, calling it "going to the moon"! This optimism is mainly based on Bitcoin's resilience, scarcity, growing institutional adoption and increasing global recognition! For who doesn't remember, CZ’s tracked several record of accurate market predictions in the past, including Bitcoin! So this might gives weight to his outlook!
Are You Bullish Or Bearish For Next Week? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#FLOKICommunity #BtcNews #CZBinance
NEWS:-
HSBC admits it blocked users from buying #Bitcoin and crypto with credit cards since last month - Bloomberg
Also HSBC👇👇👇
#Cryptocurrency #BtcNews #Cryptonews #BNB #Trading
HSBC admits it blocked users from buying #Bitcoin and crypto with credit cards since last month - Bloomberg
Also HSBC👇👇👇
#Cryptocurrency #BtcNews #Cryptonews #BNB #Trading
BREAKING: Bank of International Settlements endorses policy for banks to hold #Bitcoin and crypto up to 2% of reserves.
#BtcNews #ProCryptoTech
#BtcNews #ProCryptoTech
Bitcoin Mining Revenue Hit 11-Month Low Amid Rising Difficulty
Bitcoin Mining Revenue facing worst in 11 months as difficulty climbs
Why Bitcoin Mining Revenue is Not Profitable
Bitcoin miners recently experienced their lowest revenue-generating month since September 2023, highlighting the ongoing challenges within the industry. In August, miners earned $827.56 million, a significant decline of over 10.5% from the $927.35 million reported in July. Despite this drop, there was a silver lining as the August revenue was still 5% higher compared to the same period last year, according to data from Bitbo.
The reduction in revenue can be attributed to several factors, including a decrease in the number of Bitcoin Mining during the month. August saw miners extract approximately 13,843 BTC, a slight decrease from the 14,725 BTC mined in July.
To further put this situation into perspective, the August revenue figure represents a staggering 57% fall from the peak seen in March 2024. During that month, miners earned nearly $1.93 billion, which coincided with Bitcoin reaching its all-time high price of over $73,500 on March 13. This sharp contrast between the peak earnings in March and the current figures underscores the volatility and challenges faced by Bitcoin miners.
Despite these hurdles, there is a glimmer of hope for miners. While the price of Bitcoin hovered around $25,000 throughout August, it has since more than doubled, currently trading at $57,315. This price increase could potentially improve miner revenues in the coming months, providing some relief amid the current challenges.
However, the rising Bitcoin price hasn’t been sufficient to fully offset the increased difficulty in mining. The level of mining difficulty hit an all-time high of 89.47 trillion in August, up from 86.87 trillion in July.
Another factor adding to the revenue drop is the decline in transaction volumes. The median fees that miners earn as part of the block reward made up just 2% of the total in August. Moreover, the daily confirmed transaction 30-day average reached a year-to-date peak of nearly 631,648 on July 31, but fell to 594,871 by the end of August. These decreases in transaction volumes and fees are further squeezing miners’ profits.
Overall, August proved to be a challenging month for Bitcoin miners, with revenues hitting a low not seen since September 2023. While the rising Bitcoin price offers some hope, the increasing difficulty of mining and declining transaction volumes continue to pressure profits. As a result, miners are exploring new avenues, such as AI, to bolster their earnings during these tough times
#bitcoin #BinanceSquareFamily
#btc #btcmining #BtcNews
Why Bitcoin Mining Revenue is Not Profitable
Bitcoin miners recently experienced their lowest revenue-generating month since September 2023, highlighting the ongoing challenges within the industry. In August, miners earned $827.56 million, a significant decline of over 10.5% from the $927.35 million reported in July. Despite this drop, there was a silver lining as the August revenue was still 5% higher compared to the same period last year, according to data from Bitbo.
The reduction in revenue can be attributed to several factors, including a decrease in the number of Bitcoin Mining during the month. August saw miners extract approximately 13,843 BTC, a slight decrease from the 14,725 BTC mined in July.
To further put this situation into perspective, the August revenue figure represents a staggering 57% fall from the peak seen in March 2024. During that month, miners earned nearly $1.93 billion, which coincided with Bitcoin reaching its all-time high price of over $73,500 on March 13. This sharp contrast between the peak earnings in March and the current figures underscores the volatility and challenges faced by Bitcoin miners.
Despite these hurdles, there is a glimmer of hope for miners. While the price of Bitcoin hovered around $25,000 throughout August, it has since more than doubled, currently trading at $57,315. This price increase could potentially improve miner revenues in the coming months, providing some relief amid the current challenges.
However, the rising Bitcoin price hasn’t been sufficient to fully offset the increased difficulty in mining. The level of mining difficulty hit an all-time high of 89.47 trillion in August, up from 86.87 trillion in July.
Another factor adding to the revenue drop is the decline in transaction volumes. The median fees that miners earn as part of the block reward made up just 2% of the total in August. Moreover, the daily confirmed transaction 30-day average reached a year-to-date peak of nearly 631,648 on July 31, but fell to 594,871 by the end of August. These decreases in transaction volumes and fees are further squeezing miners’ profits.
Overall, August proved to be a challenging month for Bitcoin miners, with revenues hitting a low not seen since September 2023. While the rising Bitcoin price offers some hope, the increasing difficulty of mining and declining transaction volumes continue to pressure profits. As a result, miners are exploring new avenues, such as AI, to bolster their earnings during these tough times
#bitcoin #BinanceSquareFamily
#btc #btcmining #BtcNews
Founders Fund Returns with $200 Million Crypto Investment Ahead of Bull Run
Billionaire Peter Thiel’s firm invests $200M in BTC and ETH, signaling market resurgence.
Founders Fund re-enters the crypto arena, reflecting renewed institutional interest post-2022 challenges.
Thiel’s venture capital firm renews crypto focus, aligning with his affinity for blockchain technology.
In a strategic move, Founders Fund, led by billionaire Peter Thiel, re-enters the crypto space, investing $200 million in Bitcoin (BTC) and Ether (ETH) between late summer and early fall last year.
This allocation of funds signals Silicon Valley’s renewed confidence in cryptocurrency markets, following a tumultuous period marked by the FTX exchange collapse and regulatory scrutiny in 2022.
Founders Fund, an early institutional player in crypto, had liquidated its bitcoin holdings before the 2022 market crash, securing substantial returns. However, the latest investment, unreported until now, reveals the firm’s strategic shift back into the crypto landscape.
The move aligns with a broader trend of institutional investors returning to token investments as the crypto market steadily recovers. Bitcoin and Ether, after experiencing a significant dip in 2022, have demonstrated resilience and regained value. Bitcoin recently surpassed $50,000, though still below its peak of $69,000 in November 2021.
Founders Fund, renowned for early investments in companies like SpaceX and Meta, boasts over $12 billion in assets under management. With a history of strategic crypto moves, the firm initially began acquiring Bitcoin in 2014 and re-entered the market last summer, gradually accumulating both Bitcoin and Ether.
#Write2Earn #TrendingTopic #SolanaWealth #BtcNews
$SOL $BTC
Billionaire Peter Thiel’s firm invests $200M in BTC and ETH, signaling market resurgence.
Founders Fund re-enters the crypto arena, reflecting renewed institutional interest post-2022 challenges.
Thiel’s venture capital firm renews crypto focus, aligning with his affinity for blockchain technology.
In a strategic move, Founders Fund, led by billionaire Peter Thiel, re-enters the crypto space, investing $200 million in Bitcoin (BTC) and Ether (ETH) between late summer and early fall last year.
This allocation of funds signals Silicon Valley’s renewed confidence in cryptocurrency markets, following a tumultuous period marked by the FTX exchange collapse and regulatory scrutiny in 2022.
Founders Fund, an early institutional player in crypto, had liquidated its bitcoin holdings before the 2022 market crash, securing substantial returns. However, the latest investment, unreported until now, reveals the firm’s strategic shift back into the crypto landscape.
The move aligns with a broader trend of institutional investors returning to token investments as the crypto market steadily recovers. Bitcoin and Ether, after experiencing a significant dip in 2022, have demonstrated resilience and regained value. Bitcoin recently surpassed $50,000, though still below its peak of $69,000 in November 2021.
Founders Fund, renowned for early investments in companies like SpaceX and Meta, boasts over $12 billion in assets under management. With a history of strategic crypto moves, the firm initially began acquiring Bitcoin in 2014 and re-entered the market last summer, gradually accumulating both Bitcoin and Ether.
#Write2Earn #TrendingTopic #SolanaWealth #BtcNews
$SOL $BTC
$BTC ETF IN AUSTRALIA IS ON ITS WAY!!! 🦘🦘 How? 👇
Australia is set to launch its first Bitcoin ETF through Monochrome, an investment management firm for Australian institutions. This event could trigger high demand from the Australian investors. In fact, they will be able to safely expose themself to Bitcoin through options. The potential approval is set for June 2024. In my opinion, it has pretty high chances to get approved because the Australian Securities Exchange (ASX) regulator (it's like SEC), already provided green light. That would be an important milestone for the crypto sector in Australia!
STAY TUNED 🔥💪
#BitcoinETFApproval #bitcoinupdates #BtcNews #CryptoNewsFlash #CryptoUpdates
Australia is set to launch its first Bitcoin ETF through Monochrome, an investment management firm for Australian institutions. This event could trigger high demand from the Australian investors. In fact, they will be able to safely expose themself to Bitcoin through options. The potential approval is set for June 2024. In my opinion, it has pretty high chances to get approved because the Australian Securities Exchange (ASX) regulator (it's like SEC), already provided green light. That would be an important milestone for the crypto sector in Australia!
STAY TUNED 🔥💪
#BitcoinETFApproval #bitcoinupdates #BtcNews #CryptoNewsFlash #CryptoUpdates
Bitcoin Slips Back to $58K in Continued Desultory Action, but Next Week Could Offer Upside Excitement
It's been a rough August, with the world's largest crypto set to close the month with a double-digit percentage loss.
Bitcoin's flat-to-downward price action continued on Friday, with the crypto now lower by 12% in August
There's been a noticeable pattern of prices rising during Asia trading hours and falling during U.S. hours over the past couple of weeks
Volatility might just return to the upside next week alongside a fresh batch of U.S. economic data
#BTC☀ #BtcNews #CryptoNewss #bullish
$BTC
$ETH
$BNB
It's been a rough August, with the world's largest crypto set to close the month with a double-digit percentage loss.
Bitcoin's flat-to-downward price action continued on Friday, with the crypto now lower by 12% in August
There's been a noticeable pattern of prices rising during Asia trading hours and falling during U.S. hours over the past couple of weeks
Volatility might just return to the upside next week alongside a fresh batch of U.S. economic data
#BTC☀ #BtcNews #CryptoNewss #bullish
$BTC
$ETH
$BNB
Green morning ☕️
Extreme Greed
-Nothing satisfies the eyes of a human being except dust- 🤷🏼♂️
As long as the greed index is high, expect treachery.
Even if at first glance it seems like the market is on fire 🔥
#Market_Update #marketcap #BtcNews
Extreme Greed
-Nothing satisfies the eyes of a human being except dust- 🤷🏼♂️
As long as the greed index is high, expect treachery.
Even if at first glance it seems like the market is on fire 🔥
#Market_Update #marketcap #BtcNews
$BTC / $USDC - Update
No change today on #Bitcoin. Remains a constant for the time being
#bitcoin☀️ #BinanceSquareFamily #BtcNews
No change today on #Bitcoin. Remains a constant for the time being
#bitcoin☀️ #BinanceSquareFamily #BtcNews
WHY CRYPTO MARKET IS CRASH??
Crypto market crashed, because of the following reasons
1. Iran vs Israel war
2. All markets down because of fear of Global Recession in 2025.
3. Genesis Global moved $1.5 billion in Bitcoin and Ethereum to repay creditors after its bankruptcy. The transfer involved over 16,000 BTC and 166,000 ETH, causing Bitcoin's price to drop by 2.2%.
Note :-
Don't to be worry at all, just avoid future trades at the moment and focus on SPOT buying of Ethereum and Bitcoin. Nothing else.
Additionally :-
You peoples were already updated by the PA of BTC, as Bitcoin rejected from resistance.
Best of Luck...!!
#bitcoin #bitcoin2024 #btc #BtcNews #crashmarket $BTC $ETH
1. Iran vs Israel war
2. All markets down because of fear of Global Recession in 2025.
3. Genesis Global moved $1.5 billion in Bitcoin and Ethereum to repay creditors after its bankruptcy. The transfer involved over 16,000 BTC and 166,000 ETH, causing Bitcoin's price to drop by 2.2%.
Note :-
Don't to be worry at all, just avoid future trades at the moment and focus on SPOT buying of Ethereum and Bitcoin. Nothing else.
Additionally :-
You peoples were already updated by the PA of BTC, as Bitcoin rejected from resistance.
Best of Luck...!!
#bitcoin #bitcoin2024 #btc #BtcNews #crashmarket $BTC $ETH
btc going 55k diclimer for btc sell nows 90% btc
and investment for bondcoin just 30% yor potfolio bond going to 15$ to 20$ buying opportunity for bond coin 😊😊 happy your next profit trade #HotTrends #BtcNews #bondbridge #goingbigprofit#bondTOMoon ♥️
and investment for bondcoin just 30% yor potfolio bond going to 15$ to 20$ buying opportunity for bond coin 😊😊 happy your next profit trade #HotTrends #BtcNews #bondbridge #goingbigprofit#bondTOMoon ♥️
"Attention: Bitcoin Trader "
1. BTC Price Decline: Today, the price of Bitcoin (BTC) has dropped to $60,000.
2. Market Fluctuations: Despite some ups and downs, the current market price is around $65,000.
3. Caution Advised: Many trading accounts are currently low on funds.
4. Recommendation: It's advisable to refrain from trading at this time.
Market Volatility:
Bitcoin's price is known for its volatility, with frequent fluctuations.
Today's Decrease:
As of today, Bitcoin's price has experienced a notable decrease.
$60,000 Mark:
The price has fallen to around $60,000 per Bitcoin.
Factors at Play:
Several factors can contribute to such price movements, including market sentiment, regulatory news, and macroeconomic trends.
Investor Reaction:
Investors and traders may react differently to price declines, with some selling off assets while others may see it as a buying opportunity.
Technical Analysis:
Analysts often use technical indicators and chart patterns to predict price movements, but these methods are not foolproof.
Support Levels:
Traders often look for support levels, where buying interest may increase, to gauge potential price rebounds.
Resistance Levels:
Conversely, resistance levels represent price points where selling pressure may intensify.
Long-Term Outlook:
Some investors focus on Bitcoin's long-term potential rather than short-term price fluctuations.
Fundamental Analysis:
Fundamental factors, such as adoption by institutions, technological advancements, and regulatory developments, can influence Bitcoin's price over time.
Media Coverage:
Media coverage can impact market sentiment, with both positive and negative news affecting Bitcoin's price.
Whale Activity:
Large holders, known as whales, can influence market dynamics by buying or selling significant amounts of Bitcoin.
Global Events:
Global events, such as economic crises or geopolitical tensions, can trigger widespread market movements, affecting Bitcoin along with other assets.
#BTCHalvingApril2024
#BTCDumpingByUS
#BtcNews
#BTC趋势预估
#BtcCryptoAlertz
1. BTC Price Decline: Today, the price of Bitcoin (BTC) has dropped to $60,000.
2. Market Fluctuations: Despite some ups and downs, the current market price is around $65,000.
3. Caution Advised: Many trading accounts are currently low on funds.
4. Recommendation: It's advisable to refrain from trading at this time.
Market Volatility:
Bitcoin's price is known for its volatility, with frequent fluctuations.
Today's Decrease:
As of today, Bitcoin's price has experienced a notable decrease.
$60,000 Mark:
The price has fallen to around $60,000 per Bitcoin.
Factors at Play:
Several factors can contribute to such price movements, including market sentiment, regulatory news, and macroeconomic trends.
Investor Reaction:
Investors and traders may react differently to price declines, with some selling off assets while others may see it as a buying opportunity.
Technical Analysis:
Analysts often use technical indicators and chart patterns to predict price movements, but these methods are not foolproof.
Support Levels:
Traders often look for support levels, where buying interest may increase, to gauge potential price rebounds.
Resistance Levels:
Conversely, resistance levels represent price points where selling pressure may intensify.
Long-Term Outlook:
Some investors focus on Bitcoin's long-term potential rather than short-term price fluctuations.
Fundamental Analysis:
Fundamental factors, such as adoption by institutions, technological advancements, and regulatory developments, can influence Bitcoin's price over time.
Media Coverage:
Media coverage can impact market sentiment, with both positive and negative news affecting Bitcoin's price.
Whale Activity:
Large holders, known as whales, can influence market dynamics by buying or selling significant amounts of Bitcoin.
Global Events:
Global events, such as economic crises or geopolitical tensions, can trigger widespread market movements, affecting Bitcoin along with other assets.
#BTCHalvingApril2024
#BTCDumpingByUS
#BtcNews
#BTC趋势预估
#BtcCryptoAlertz
The Rise of Runes: Transforming the Bitcoin Landscape
#BTC☀ Analysis
A plausible explanation for this trend lies in the emergence of Runes. The Runes protocol allows users to introduce fungible tokens on the Bitcoin network through a mechanism different from traditional inscriptions.
Launched at the same time as the fourth Halving, Runes seem to have captured a significant share of the attention of Bitcoin users, leading to a decline in traditional inscriptions.
Data shows that the share of transactions attributable to inscriptions has fallen since mid-April, coinciding with the decline in active addresses.
Conversely, transactions related to Runes have increased, contributing to the overall rise in the number of transactions. This suggests that users are adopting new protocols and methods of interacting with the Bitcoin blockchain, altering the network’s traditional dynamics.
As the number of Bitcoin transactions reaches new heights and active addresses drop, we may be on the cusp of a new era for Bitcoin. Users are experimenting with new ways to interact with the blockchain, and protocols like Runes are playing an increasingly important role. This evolution could signal a paradigm shift in the use and perception of $BTC
#BtcNews #Btctopcrypto
#BTC☀ Analysis
A plausible explanation for this trend lies in the emergence of Runes. The Runes protocol allows users to introduce fungible tokens on the Bitcoin network through a mechanism different from traditional inscriptions.
Launched at the same time as the fourth Halving, Runes seem to have captured a significant share of the attention of Bitcoin users, leading to a decline in traditional inscriptions.
Data shows that the share of transactions attributable to inscriptions has fallen since mid-April, coinciding with the decline in active addresses.
Conversely, transactions related to Runes have increased, contributing to the overall rise in the number of transactions. This suggests that users are adopting new protocols and methods of interacting with the Bitcoin blockchain, altering the network’s traditional dynamics.
As the number of Bitcoin transactions reaches new heights and active addresses drop, we may be on the cusp of a new era for Bitcoin. Users are experimenting with new ways to interact with the blockchain, and protocols like Runes are playing an increasingly important role. This evolution could signal a paradigm shift in the use and perception of $BTC
#BtcNews #Btctopcrypto
$BTC
The analyst identified several key resistance levels that Bitcoin must overcome to confirm a bullish reversal. The first is around $63,000, where a high volume of trading has taken place, creating a strong resistance zone. Additionally, there is resistance between $67,000 and $68,300.
On the shorter-term four-hour chart, the analyst drew parallels between the current price action and the market bottom during the COVID-19 crash in March 2020. This comparison suggests that the market might be setting up for a similar recovery.
Lastly, the analyst reviewed the Bitcoin liquidation heatmap, noting significant liquidity around the $70,000 level. However, before reaching this target, Bitcoin must overcome the aforementioned resistance levels.
#MarketDownturn #BinanceHODLerBANANA #BinanceTurns7 #BTC☀ #BtcNews
The analyst identified several key resistance levels that Bitcoin must overcome to confirm a bullish reversal. The first is around $63,000, where a high volume of trading has taken place, creating a strong resistance zone. Additionally, there is resistance between $67,000 and $68,300.
On the shorter-term four-hour chart, the analyst drew parallels between the current price action and the market bottom during the COVID-19 crash in March 2020. This comparison suggests that the market might be setting up for a similar recovery.
Lastly, the analyst reviewed the Bitcoin liquidation heatmap, noting significant liquidity around the $70,000 level. However, before reaching this target, Bitcoin must overcome the aforementioned resistance levels.
#MarketDownturn #BinanceHODLerBANANA #BinanceTurns7 #BTC☀ #BtcNews