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ARE we on consolidation mode or bullish breakout?
$btc
#btcđ„
Following what has been deemed a bullish catalyst, the broader cryptocurrency market has responded positively to the US Federal Reserveâs announcement on Wednesday of a 0.50% basis point rate cut.
This decision contributed to the recovery over the past week after Bitcoinâs price retraced to as low as $52,640 on September 6. Bitcoin has managed to reclaim the $63,000 mark, aiming to consolidate above this critical level for the last 24 hours.
$btc
#btcđ„
Following what has been deemed a bullish catalyst, the broader cryptocurrency market has responded positively to the US Federal Reserveâs announcement on Wednesday of a 0.50% basis point rate cut.
This decision contributed to the recovery over the past week after Bitcoinâs price retraced to as low as $52,640 on September 6. Bitcoin has managed to reclaim the $63,000 mark, aiming to consolidate above this critical level for the last 24 hours.
$BTC so far we saw pump in #btc " data-hashtag="#btc" class="tag">#btc, will it sustain to move up and make new ATH which is around 75k, I won't say yes because some signs shows on charts 4,6 and 12 hr charts there is hidden bearish divergence. And the price is overheated and market is extremely greed. The start of 5th March candle has 80 percent chance show bearish and #btc " data-hashtag="#btc" class="tag">#btc goes into correction.
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The release of an Ethereum ETF will deal a major blow to Bitcoin's dominance
The analyst, who goes by the pseudonym Hedgex.eth, believes that the release of an Ethereum ETF will deal a major blow to Bitcoin's dominance.
Bitcoin] will reach new highs during this cycle, but many will be disappointed by the peak at $100,000. Ethereum has great upside potential thanks to catalysts including ETFs. Bitcoin's dominance will suffer greatly. The level of capitalization of all cryptocurrencies will increase significantly, wrote Hedgex.eth.
Last year, Bitcoin's share of the digital asset market increased from 41.3% to 53.5%. When the coin fell in price by 1% from January 1, 2024, Bitcoin's dominance decreased by only 1%. However, Hedgex.eth predicts a significant drop in this indicator after the launch of Ethereum-ETF trading.
The expert predicts an increase in the Bitcoin rate; accordingly, it becomes obvious that ETH will win back positions from the first cryptocurrency due to a higher rate of price increase. This trend has already emerged, because from January 10 to January 12, Ethereum rose in price by 25% relative to Bitcoin and maintained its position.
#BitcoinWorld #Ethereum2024 #btc- #ETH2024 #ETH/USDT
$BTC $ETH
The analyst, who goes by the pseudonym Hedgex.eth, believes that the release of an Ethereum ETF will deal a major blow to Bitcoin's dominance.
Bitcoin] will reach new highs during this cycle, but many will be disappointed by the peak at $100,000. Ethereum has great upside potential thanks to catalysts including ETFs. Bitcoin's dominance will suffer greatly. The level of capitalization of all cryptocurrencies will increase significantly, wrote Hedgex.eth.
Last year, Bitcoin's share of the digital asset market increased from 41.3% to 53.5%. When the coin fell in price by 1% from January 1, 2024, Bitcoin's dominance decreased by only 1%. However, Hedgex.eth predicts a significant drop in this indicator after the launch of Ethereum-ETF trading.
The expert predicts an increase in the Bitcoin rate; accordingly, it becomes obvious that ETH will win back positions from the first cryptocurrency due to a higher rate of price increase. This trend has already emerged, because from January 10 to January 12, Ethereum rose in price by 25% relative to Bitcoin and maintained its position.
#BitcoinWorld #Ethereum2024 #btc- #ETH2024 #ETH/USDT
$BTC $ETH
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CryptoSlate: Bitcoin investors sold $5 billion worth of assets in two days
Over the past few days, the total volume of sales by so-called short-term investors amounted to about 111,000 bitcoins, which is close to $5 billion at current prices for the asset.
After the debut of trading in Bitcoin spot ETFs and a short-term increase in the value of the asset, further price action and the fall of the first cryptocurrency by capitalization from $49,000 to a level close to $41,000 caused panic among âboth long and short traders,â says CryptoSlate analyst James Van Straten (James Van Straten). Bitcoin speculators began to actively close their positions, despite possible losses.
#BitcoinWorld #Bitcoin-BTC #BTC!đ° #BTCUSD #btc-
$BTC
Over the past few days, the total volume of sales by so-called short-term investors amounted to about 111,000 bitcoins, which is close to $5 billion at current prices for the asset.
After the debut of trading in Bitcoin spot ETFs and a short-term increase in the value of the asset, further price action and the fall of the first cryptocurrency by capitalization from $49,000 to a level close to $41,000 caused panic among âboth long and short traders,â says CryptoSlate analyst James Van Straten (James Van Straten). Bitcoin speculators began to actively close their positions, despite possible losses.
#BitcoinWorld #Bitcoin-BTC #BTC!đ° #BTCUSD #btc-
$BTC
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2024 will be the year of successive rises with sometimes frightening corrections and we will see an all-time high for #btcđ above $60,000 heading into next summer, to close the year above 80,000 $ for the following reasons:
72 of 123 economists predict the Federal Reserve will cut interest rates by 100 basis points or less in 2024, according to a poll of finance and business experts.
86 of 123 economists forecast a cut in the Fed's key rate in the second quarter, with 55 of them pointing to June and 31 to May.
đ„đ„ The easing of monetary and fiscal policy in the United States and the entry of new funds into Bitcoin spot funds are expected to lead to successive rises in Bitcoin.
72 of 123 economists predict the Federal Reserve will cut interest rates by 100 basis points or less in 2024, according to a poll of finance and business experts.
86 of 123 economists forecast a cut in the Fed's key rate in the second quarter, with 55 of them pointing to June and 31 to May.
đ„đ„ The easing of monetary and fiscal policy in the United States and the entry of new funds into Bitcoin spot funds are expected to lead to successive rises in Bitcoin.
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Minus instead of plus: initial results of trading in spot ETFs
The anticipation of the emergence of spot ETFs has been exciting the crypto industry for almost six months. On January 10, a significant event did happen. And what has changed?
Firstly, there is no talk of any Bitcoin rally. Moreover, by Sunday, January 14, BTC had already dropped below $43,000. While on January 11, at some point, it climbed above $49,000.
Secondly, the value of the shares of the ETFs themselves, like a carbon copy, first grew and then fell sharply. Undoubtedly, BlackRock, Fidelity, Valkyrie and other investment companies that stand behind the funds did not lose out. What about investors?
It is premature to say that ETFs have not lived up to, or better yet will not live up to, expectations. The fall and rise in value are natural processes with free pricing. One way or another, cryptocurrency occupies an increasingly larger place in peopleâs lives every year, and spot ETFs give large investors a new opportunity to invest (not directly) in digital assets.
#BTCUSD #btc- #ETF: #etf #ETFsApproval
$BTC
The anticipation of the emergence of spot ETFs has been exciting the crypto industry for almost six months. On January 10, a significant event did happen. And what has changed?
Firstly, there is no talk of any Bitcoin rally. Moreover, by Sunday, January 14, BTC had already dropped below $43,000. While on January 11, at some point, it climbed above $49,000.
Secondly, the value of the shares of the ETFs themselves, like a carbon copy, first grew and then fell sharply. Undoubtedly, BlackRock, Fidelity, Valkyrie and other investment companies that stand behind the funds did not lose out. What about investors?
It is premature to say that ETFs have not lived up to, or better yet will not live up to, expectations. The fall and rise in value are natural processes with free pricing. One way or another, cryptocurrency occupies an increasingly larger place in peopleâs lives every year, and spot ETFs give large investors a new opportunity to invest (not directly) in digital assets.
#BTCUSD #btc- #ETF: #etf #ETFsApproval
$BTC
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The price of Bitcoin dropped below $40 thousand for the first time.
Bitcoin began to cost below $40 thousand for the first time since December 3.
The price of Bitcoin fell below $40 thousand for the first time since the beginning of December. TASS reports this, citing data from the Coindesk platform.
During the last trading session, the price of Bitcoin decreased by 4.34% and amounted to $39.859 thousand.
After some time, Bitcoin was able to grow slightly - to $39,908 thousand.
The last time Bitcoin was worth less than $40 thousand was December 3 last year.
Earlier it was reported that the price of Bitcoin exceeded $49 thousand for the first time since December 2021.
#btc- #BTCUSD #btcusdt #BitcoinWorld #Bitcoin-BTC
$BTC
Bitcoin began to cost below $40 thousand for the first time since December 3.
The price of Bitcoin fell below $40 thousand for the first time since the beginning of December. TASS reports this, citing data from the Coindesk platform.
During the last trading session, the price of Bitcoin decreased by 4.34% and amounted to $39.859 thousand.
After some time, Bitcoin was able to grow slightly - to $39,908 thousand.
The last time Bitcoin was worth less than $40 thousand was December 3 last year.
Earlier it was reported that the price of Bitcoin exceeded $49 thousand for the first time since December 2021.
#btc- #BTCUSD #btcusdt #BitcoinWorld #Bitcoin-BTC
$BTC
$Btcd
once Dominance drop then $Alts season coming....âïž
like and repost Appreciated âšïž
#btcd #cryptocurrency #BTC #TrendingTopic #Portal
once Dominance drop then $Alts season coming....âïž
like and repost Appreciated âšïž
#btcd #cryptocurrency #BTC #TrendingTopic #Portal
#BTCS# This coin is useless except for rubbing the name of Bitcoin, and it is not at all like what the inscription should be
#Launchpool #Portal #TrendingTopic #btc #btcs $BTC $ETH $
#Launchpool #Portal #TrendingTopic #btc #btcs $BTC $ETH $
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Experts point out the risks of spot ETFs for Bitcoin
Spot Bitcoin ETFs have opened a channel for the influx of large capital into the industry, but also created new risks.
Traditional financial practices can pose a threat to the ecosystem of the first cryptocurrency.
TradeFi players may try to influence the development of the network, but this is unlikely.
The SEC's approval of spot Bitcoin ETFs in January was a welcome development. But the arrival of large financial players in the industry carries a number of risks for cryptocurrency, writes The Block.
One of the most obvious problems that industry experts have noticed is the concentration of storage of bitcoins owned by funds.
#BTC!đ° #btc- #BTCUSD #btcusdt #BitcoinWorld
$BTC
Spot Bitcoin ETFs have opened a channel for the influx of large capital into the industry, but also created new risks.
Traditional financial practices can pose a threat to the ecosystem of the first cryptocurrency.
TradeFi players may try to influence the development of the network, but this is unlikely.
The SEC's approval of spot Bitcoin ETFs in January was a welcome development. But the arrival of large financial players in the industry carries a number of risks for cryptocurrency, writes The Block.
One of the most obvious problems that industry experts have noticed is the concentration of storage of bitcoins owned by funds.
#BTC!đ° #btc- #BTCUSD #btcusdt #BitcoinWorld
$BTC
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Bifrost plans to build the BTCFi ecosystem in the first quarter, integrate all DeFi components into a circular ecosystem, support WBTC (on Ethereum, Polygon and Arbitrum), BTCB (on Binance Smart Chain); launch automatic one-click staking BTC service in the second quarter; support native Bitcoin in the third quarter, that is, launch native BTC deposit service verified by all Bifrost node validators.
#BTCă #WBTC #btcb $BTC
#BTCă #WBTC #btcb $BTC
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Chinese Actively Buy Up Bitcoin in 2024
In 2024, the Chinese will continue to actively buy up bitcoins, despite the current ban on cryptocurrency trading in the PRC.
According to the research company Chainalysis, last year the demand for digital assets skyrocketed in mainland China. Residents of the country carried out peer-to-peer transactions in virtual currencies in the amount of $86.4 billion, due to which China rose from 144th to 13th place in the ranking of countries by the volume of transactions made.
Over the past three years, a bearish trend has dominated the Chinese stock market, and therefore investors prefer to invest in digital assets instead of securities.
#btc- #BTCUSD #btcusdt
$BTC
In 2024, the Chinese will continue to actively buy up bitcoins, despite the current ban on cryptocurrency trading in the PRC.
According to the research company Chainalysis, last year the demand for digital assets skyrocketed in mainland China. Residents of the country carried out peer-to-peer transactions in virtual currencies in the amount of $86.4 billion, due to which China rose from 144th to 13th place in the ranking of countries by the volume of transactions made.
Over the past three years, a bearish trend has dominated the Chinese stock market, and therefore investors prefer to invest in digital assets instead of securities.
#btc- #BTCUSD #btcusdt
$BTC
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Analysts pointed to the risks of Bitcoin correction to $38,000
The discrepancy between the price and the RSI indicator may indicate the risks of Bitcoinâs further slide towards the dynamic support at $38,000. This conclusion was reached by 10x Research, writes CoinDesk.
After the approval of spot Bitcoin ETFs, quotes fell by 5% to $42,600, confirming the classic âsell after the fact,â experts noted.
This was preceded by a rise to a two-year high near $49,000, which was not accompanied by similar dynamics in the 14-day RSI. The subsequent fall in price confirmed the bearish divergence, experts noted.
The MACD histogram dropped below zero, signaling a bearish momentum shift, analysts said.
Experts noted the impact on the price of capital flows from GBTC, which provides a 1.5% management fee, to competing instruments with more attractive conditions.
#Bitcoin-BTC #BitcoinWorld #BTC!đ° #BTCUSD #btc-
$BTC
The discrepancy between the price and the RSI indicator may indicate the risks of Bitcoinâs further slide towards the dynamic support at $38,000. This conclusion was reached by 10x Research, writes CoinDesk.
After the approval of spot Bitcoin ETFs, quotes fell by 5% to $42,600, confirming the classic âsell after the fact,â experts noted.
This was preceded by a rise to a two-year high near $49,000, which was not accompanied by similar dynamics in the 14-day RSI. The subsequent fall in price confirmed the bearish divergence, experts noted.
The MACD histogram dropped below zero, signaling a bearish momentum shift, analysts said.
Experts noted the impact on the price of capital flows from GBTC, which provides a 1.5% management fee, to competing instruments with more attractive conditions.
#Bitcoin-BTC #BitcoinWorld #BTC!đ° #BTCUSD #btc-
$BTC
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This altcoin grew 100x in less than 24 hours
The price of the project's native token SatoshiVM (SAVM) has increased more than 100 times, bringing significant profits to early investors.
The creators describe SAVM as âthe first EVM-compatible protocol on BTC.â This is a layer 2 solution for the Bitcoin blockchain using rollups with zero-knowledge (ZK) proof.
The launch of the SAVM token took place on January 18. According to Bounce Brand, 23,487 people took part, with random winners receiving SAVM and ILO winners receiving ETH.
After the launch, the price of the altcoin rose sharply and reached almost $15. This was facilitated by the support of various crypto-influencers who promoted the project in their communities.
#btc- #BTC!đ° #Satoshi
The price of the project's native token SatoshiVM (SAVM) has increased more than 100 times, bringing significant profits to early investors.
The creators describe SAVM as âthe first EVM-compatible protocol on BTC.â This is a layer 2 solution for the Bitcoin blockchain using rollups with zero-knowledge (ZK) proof.
The launch of the SAVM token took place on January 18. According to Bounce Brand, 23,487 people took part, with random winners receiving SAVM and ILO winners receiving ETH.
After the launch, the price of the altcoin rose sharply and reached almost $15. This was facilitated by the support of various crypto-influencers who promoted the project in their communities.
#btc- #BTC!đ° #Satoshi
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After acquiring another $380 million worth of Bitcoin, Tether holds $2.8 billion worth of BTC
At the end of the last quarter, stablecoin issuer Tether bought another $380 million worth of bitcoins, bringing the organization's total assets to 66,465 BTC ($2.8 billion).
Tether began accumulating Bitcoin in September 2022, starting with the acquisition of 33,980 BTC. Since then, the firm has regularly replenished its bitcoin reserves every quarter. The second largest purchase occurred in March 2023, in which the organization took possession of 15,915 BTC. According to blockchain data, the latest purchase of 8,888 BTC, made at the end of the fourth quarter of 2023, was the third largest purchase for Tether.
Tether first disclosed its Bitcoin reserves in May 2023 as part of its Q1 attestation report. Last August, 21.co analyst Tom Wang identified an address believed to belong to Tether. If this assumption is correct, the company should be considered the 11th largest holder of Bitcoin.
#btc- #BTC!đ° #btcusdt #BTCUSD #BitcoinWorld
$BTC
At the end of the last quarter, stablecoin issuer Tether bought another $380 million worth of bitcoins, bringing the organization's total assets to 66,465 BTC ($2.8 billion).
Tether began accumulating Bitcoin in September 2022, starting with the acquisition of 33,980 BTC. Since then, the firm has regularly replenished its bitcoin reserves every quarter. The second largest purchase occurred in March 2023, in which the organization took possession of 15,915 BTC. According to blockchain data, the latest purchase of 8,888 BTC, made at the end of the fourth quarter of 2023, was the third largest purchase for Tether.
Tether first disclosed its Bitcoin reserves in May 2023 as part of its Q1 attestation report. Last August, 21.co analyst Tom Wang identified an address believed to belong to Tether. If this assumption is correct, the company should be considered the 11th largest holder of Bitcoin.
#btc- #BTC!đ° #btcusdt #BTCUSD #BitcoinWorld
$BTC
