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Top 5 Market Moving News:
1. Leadership Change at Binance: Changpeng Zhao steps down as CEO of Binance. A significant bond release of $175M is mentioned, and Richard Teng is taking over as the new CEO.
2. Bitcoin Advocacy: Robert Kiyosaki, a well-known financial educator, supports Bitcoin as the best protection against hyperinflation.
3. Bitcoin Profitability: Bitcoin's price surge to over $37,000 has led to 83% of Bitcoin holders being profitable, according to analytics from Glassnode.
4. Adoption in Lugano: The Swiss city of Lugano is integrating the Polygon blockchain to improve the cryptocurrency experience within its payment application, MyLugano.
5. Banking on Crypto: JPMorgan shows support for a Binance settlement, a move seen as an indicator of increased stability and growth prospects in the cryptocurrency industry.
#RichardTeng
#NewsBTC
1. Leadership Change at Binance: Changpeng Zhao steps down as CEO of Binance. A significant bond release of $175M is mentioned, and Richard Teng is taking over as the new CEO.
2. Bitcoin Advocacy: Robert Kiyosaki, a well-known financial educator, supports Bitcoin as the best protection against hyperinflation.
3. Bitcoin Profitability: Bitcoin's price surge to over $37,000 has led to 83% of Bitcoin holders being profitable, according to analytics from Glassnode.
4. Adoption in Lugano: The Swiss city of Lugano is integrating the Polygon blockchain to improve the cryptocurrency experience within its payment application, MyLugano.
5. Banking on Crypto: JPMorgan shows support for a Binance settlement, a move seen as an indicator of increased stability and growth prospects in the cryptocurrency industry.
#RichardTeng
#NewsBTC
#BTC #ETH #BONK #NewsBTC #NewSignal 👁️🗨️Understanding the Market Downturn
In the last 24 hours, Bitcoin (BTC) experienced a notable 6% decline, reaching a local minimum of approximately $41,500, while Ethereum (ETH) saw a 2% decrease. Several alternative cryptocurrencies (alts) also recorded losses exceeding 3% during this period.
⤵️Factors Influencing the Decline:E
TF Hype Subsidence: The abrupt decline in BTC prices can be attributed to the waning enthusiasm surrounding Exchange-Traded Funds (ETFs), prompting investors to capitalize on their profits.
♒liquidation of Long Positions: The downturn was further exacerbated by the liquidation of Long positions, totaling a significant $271 million.
Influx of BTC to Exchanges: A notable surge of BTC onto exchanges was observed after January 10, a phenomenon typically associated with price depreciation.
🪬BTC's Resilience:
Despite these challenges, BTC is actively seeking support above the $43,000 mark, indicating a potential safeguarding of its long-term growth prospects. Numerous positive catalysts are anticipated throughout 2024, contributing to the resilience of Bitcoin in the face of short-term market fluctuations.
In the last 24 hours, Bitcoin (BTC) experienced a notable 6% decline, reaching a local minimum of approximately $41,500, while Ethereum (ETH) saw a 2% decrease. Several alternative cryptocurrencies (alts) also recorded losses exceeding 3% during this period.
⤵️Factors Influencing the Decline:E
TF Hype Subsidence: The abrupt decline in BTC prices can be attributed to the waning enthusiasm surrounding Exchange-Traded Funds (ETFs), prompting investors to capitalize on their profits.
♒liquidation of Long Positions: The downturn was further exacerbated by the liquidation of Long positions, totaling a significant $271 million.
Influx of BTC to Exchanges: A notable surge of BTC onto exchanges was observed after January 10, a phenomenon typically associated with price depreciation.
🪬BTC's Resilience:
Despite these challenges, BTC is actively seeking support above the $43,000 mark, indicating a potential safeguarding of its long-term growth prospects. Numerous positive catalysts are anticipated throughout 2024, contributing to the resilience of Bitcoin in the face of short-term market fluctuations.
Polymarket traders are expressing confidence in the approval of a U.S.-based spot Bitcoin ETF by the SEC before January 15.
The "Bitcoin ETF approved by Jan 15" contract's Yes shares are trading at 89 cents, reflecting an 89% likelihood of approval, a substantial increase from around 50% a month ago. Speculation surrounding the ETF's launch has influenced Bitcoin's 55% price surge, surpassing $45,000. Polymarket, established in 2020, has become a prominent prediction market, with $437,394 in bets on an ETF-related contract. Some investors are hedging against potential SEC delays by acquiring No shares, preparing for a market downturn if the anticipated ETF launch faces setbacks.
#BTC #etf #NewsBTC
The "Bitcoin ETF approved by Jan 15" contract's Yes shares are trading at 89 cents, reflecting an 89% likelihood of approval, a substantial increase from around 50% a month ago. Speculation surrounding the ETF's launch has influenced Bitcoin's 55% price surge, surpassing $45,000. Polymarket, established in 2020, has become a prominent prediction market, with $437,394 in bets on an ETF-related contract. Some investors are hedging against potential SEC delays by acquiring No shares, preparing for a market downturn if the anticipated ETF launch faces setbacks.
#BTC #etf #NewsBTC
🇺🇸 SEC Delays Two More ETFs
According to the published announcement, decisions on approving spot Bitcoin ETFs from Franklin Templeton and Global X have been postponed by the SEC.
🗣 The deadline for the SEC to make a decision on the Franklin Templeton case was yesterday, and for Global X, it is November 21. Considering these delays, the new deadlines are now extended to the beginning of 2024.
🪙 Nevertheless, this has had no impact on the price of BTC, and it continues to trade above the $36,000 level.
Only 54 days left until the final deadline for the Bitcoin ETF...
#NewsBTC
According to the published announcement, decisions on approving spot Bitcoin ETFs from Franklin Templeton and Global X have been postponed by the SEC.
🗣 The deadline for the SEC to make a decision on the Franklin Templeton case was yesterday, and for Global X, it is November 21. Considering these delays, the new deadlines are now extended to the beginning of 2024.
🪙 Nevertheless, this has had no impact on the price of BTC, and it continues to trade above the $36,000 level.
Only 54 days left until the final deadline for the Bitcoin ETF...
#NewsBTC
Bitcoin Bulls Are Back! Latest Signal Confirms Bullish Trend is Brewing
Those burned by the last big #Bitcoin bull run are rightfully skeptical that another one is here so soon. However, a trend strength indicator is now confirming the existence of a new bullish trend emerging.Are bulls finally back in control over #crypto Sidelined investors and traders will want to pay attention.Bitcoin price is pulling back after a few failed attempts to make it though $38,000 resistance. This sudden weakness after a major breakout is both reassuring for bears and confusing for bulls. Those on the sidelines still aren’t certain what to do.But that’s what technical indicators were designed for – to eliminate noise and emotions, allowing the tools to make the decisions for you.According to a trend strength measuring tool called the Average Directional Index, the bullish Bitcoin trend just became official as the indicator reaches above a reading of 20. The last time that BTCUSD reached above 20 while bulls were in control was back in August 2020, prior to a 450%+ rally.For comparison sake, another 450% rally would put the price per coin around $200,000. However, each individual trend behaves differently and tops out at different ADX reading. This means anything is possible, but for now, the rise above 20 on the ADX is notable.The Average Directional Index, as mentioned, is a trend strength measuring tool. It was created by J. Welles Wilder, Jr., known as the father of several technical analysis indicators. Wilder also developed the Relative Strength Index, Average True Range, and Parabolic SAR.The ADX confirms a trend is active above a reading of 20, while anything below 20 suggests a weak trend and potential sideways price action. The tool often includes two additional indicators, the DI+ and DI-, which show which side of the market is in control of price action.If the DI+ is above the DI- bulls are in control. Bears are in control if DI- is above DI+. The premise is simple and provides an easy way to visually see which side of the market is dominating.Not only are bulls in control, but the DI+ is at 36, while the highest reading back in August 2020 was 32. This means that bulls are stronger now than they were back then, and look what happened.The above chart was originally featured in Issue #27 of CoinChartist VIP: The Ethereum Issue. Check out the latest issue for free. Tony "The Bull" Severino is a level 3 CMT student (passed level 1 & 2), technical analyst, and the Head of Research at #NewsBTC . Tony is also the Founder of CoinChartist.io – a technical analysis educational resource designed for crypto traders. Tony is a partner of Elliott Wave International, TradingView, and a member of the CMT Association. NewsBTC is a #cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other #Cryptocurrencies .We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.$BTC
💰 #Bitcoin has returned to the top 10 largest market caps, surpassing Berkshire Hathaway
#btc #BinanceTournament #BRC20 #NewsBTC
#btc #BinanceTournament #BRC20 #NewsBTC
BTC 1D Candle Closing Is Important, If It Closes Below Triangle, Then We Will See More Dump In Upcoming Days.
So Hope It Closes Inside The Triangle So That We Can See Pump In Upcoming Days.
Keep An Eye On 1D Candle Close👀
$BTC #BTC #etf #NewsofCrypto #NewsBTC #AnalyseBTC
So Hope It Closes Inside The Triangle So That We Can See Pump In Upcoming Days.
Keep An Eye On 1D Candle Close👀
$BTC #BTC #etf #NewsofCrypto #NewsBTC #AnalyseBTC
📊BTC NEWS 2024📈
Trump is positive and after his news most likely Bit coin will cross 80k /90k levels. Let's wait and see.
#BTC☀ #btcnews99 #Bitcoin_Coneference_2024 #NewsBTC #BtcNews
$BTC
Trump is positive and after his news most likely Bit coin will cross 80k /90k levels. Let's wait and see.
#BTC☀ #btcnews99 #Bitcoin_Coneference_2024 #NewsBTC #BtcNews
$BTC
Full market liquidity update on the algorithm 👇
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We notice resistance 1,403T 🎯 for five days, and it cannot close above it.
'
Any weekly close above 1,403T 👇
We target 1,450T + 1,508T 🟩
'
The strongest support in front of us is 1,256T 🟥
#NewsBTC #newsTrading #News
'
We notice resistance 1,403T 🎯 for five days, and it cannot close above it.
'
Any weekly close above 1,403T 👇
We target 1,450T + 1,508T 🟩
'
The strongest support in front of us is 1,256T 🟥
#NewsBTC #newsTrading #News
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Yield Guild Games will hold a meeting in Bangkok on April 24
Yield Guild Games is organizing a community meetup in collaboration with Parallel Community in Bangkok on April 24th. The meeting will include games, food and socializing in the afternoon.
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that uses blockchain to provide access to peer-to-peer (P2E) games around the world. YGG is investing in NFTs used in blockchain games.
Yield Guild Games is based on the idea that games can be a source of income. Using the P2E model, players can earn assets by playing games. These assets can then be converted into real money.
#YGG #YieldGuildGames #yggusdt #NewsBTC
$YGG
Yield Guild Games is organizing a community meetup in collaboration with Parallel Community in Bangkok on April 24th. The meeting will include games, food and socializing in the afternoon.
Yield Guild Games (YGG) is a decentralized autonomous organization (DAO) that uses blockchain to provide access to peer-to-peer (P2E) games around the world. YGG is investing in NFTs used in blockchain games.
Yield Guild Games is based on the idea that games can be a source of income. Using the P2E model, players can earn assets by playing games. These assets can then be converted into real money.
#YGG #YieldGuildGames #yggusdt #NewsBTC
$YGG
Bitcoin prices retreat, MicroStrategy’s Saylor sells $216 million in stock: CNBC Crypto World
$BTC CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Kain Warwick of Synthetix discusses his outlook for the Ethereum network in 2024#BTC #CNBC #NewsBTC
#NewsBTC
The #shibainu burn rate has experienced a dramatic rise, soaring by over 24,271% in just one day. This massive token burn, as reported by the Shibburn tracking platform, coincides with a notable uptick in #Shibarium transactions. Considering the significant volume of tokens burned in these large-scale $SHIB transactions, this development could potentially serve as a catalyst for a rally, propelling the Shiba Inu price towards the $0.00008 milestone.
The #shibainu burn rate has experienced a dramatic rise, soaring by over 24,271% in just one day. This massive token burn, as reported by the Shibburn tracking platform, coincides with a notable uptick in #Shibarium transactions. Considering the significant volume of tokens burned in these large-scale $SHIB transactions, this development could potentially serve as a catalyst for a rally, propelling the Shiba Inu price towards the $0.00008 milestone.
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Bitcoin's market capitalization has surpassed that of silver
The capitalization of the first cryptocurrency exceeded $1.4 trillion after the Bitcoin rate set a new historical record on Monday, March 11, surpassing $72,000.
Since the beginning of the year, BTC's market capitalization has doubled. The growth is explained by the approval of spot Bitcoin ETFs in the United States and the upcoming halving in April 2024.
Against the backdrop of rising Bitcoin prices, the daily volume of liquidations on futures on the digital asset market amounted to over $330 million. The vast majority occurred on trading pairs with Bitcoin ($96.49 million) and Ethereum ($54.50 million).
#Bitcoin #silver #NewsBTC #CryptoNews #TrendingTopic
$BTC
The capitalization of the first cryptocurrency exceeded $1.4 trillion after the Bitcoin rate set a new historical record on Monday, March 11, surpassing $72,000.
Since the beginning of the year, BTC's market capitalization has doubled. The growth is explained by the approval of spot Bitcoin ETFs in the United States and the upcoming halving in April 2024.
Against the backdrop of rising Bitcoin prices, the daily volume of liquidations on futures on the digital asset market amounted to over $330 million. The vast majority occurred on trading pairs with Bitcoin ($96.49 million) and Ethereum ($54.50 million).
#Bitcoin #silver #NewsBTC #CryptoNews #TrendingTopic
$BTC
📚 RESULTS OF THE DAY
🔶 MetaMask has announced cooperation with payment platforms in six countries.
🔶 Binance will stop supporting the ruble on P2P from January 31, 2024.
🔶 A possible scenario on BTC from the trader Mags.
🔶 ACE at Binance Launchpool.
🔶 The market expects another pause in the Fed's rate.
#newsTrading #NewsBTC #newscrypto #newsbrief #Digest
🔶 MetaMask has announced cooperation with payment platforms in six countries.
🔶 Binance will stop supporting the ruble on P2P from January 31, 2024.
🔶 A possible scenario on BTC from the trader Mags.
🔶 ACE at Binance Launchpool.
🔶 The market expects another pause in the Fed's rate.
#newsTrading #NewsBTC #newscrypto #newsbrief #Digest