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Bitcoin Surpasses $62K, Sets Sights on $70K for a Promising Week Ahead!
With a remarkable weekend recovery, Bitcoin has reclaimed the $60K level.
The new bullish trend in BTC prices has sparked a fresh rally this week.
As Bitcoin rebounds, the altcoin market capitalization has surged above $1 trillion, riding a strong tailwind.
The leading cryptocurrency’s breakout rally is gaining momentum, and the market is optimistic about a bullish week ahead.
Bitcoin Price Performance
After a correction wave under the 200-day EMA, Bitcoin encountered supply pressure around $56K.
The BTC price action showed a double bottom reversal with multiple lower price rejection candles.
The reversal rally gained momentum over the weekend, breaking past a secondary resistance trendline and ending the negative cycle within a channel pattern.
Currently, the BTC price is at $62,650, marking a 3% intraday increase and a 9.27% rise over four days.
Trump’s Survival Boosts Crypto Market
Former US President Donald Trump survived an assassination attempt in Butler, Pennsylvania, on Saturday.
His survival strengthened the crypto market, pushing Bitcoin past the $60K barrier.
PolitiFi tokens like Trump and MAGA surged almost 35%.
Bitcoin ETFs, On-Chain, and Derivatives
The largest 30-day inflow into US Spot ETFs, with $310M daily inflows, creates a solid foundation for upward movement.
This marks the sixth consecutive positive inflow day, bringing the cumulative total net inflow to $15.81B.
US Bitcoin ETFs now hold 4.52% of the Bitcoin market cap, valued at $51.34B.
The Bitcoin Open Interest (OI) stands at $16.95B, with a 5.3% growth in the past 24 hours and 18.16% in seven days.
A positive funding rate of 0.0040 indicates that buyers are willing to pay a premium to maintain bullish positions.
With $47.80M worth of short positions liquidated in Bitcoin over the past 24 hours, the bulls are gaining strength.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
With a remarkable weekend recovery, Bitcoin has reclaimed the $60K level.
The new bullish trend in BTC prices has sparked a fresh rally this week.
As Bitcoin rebounds, the altcoin market capitalization has surged above $1 trillion, riding a strong tailwind.
The leading cryptocurrency’s breakout rally is gaining momentum, and the market is optimistic about a bullish week ahead.
Bitcoin Price Performance
After a correction wave under the 200-day EMA, Bitcoin encountered supply pressure around $56K.
The BTC price action showed a double bottom reversal with multiple lower price rejection candles.
The reversal rally gained momentum over the weekend, breaking past a secondary resistance trendline and ending the negative cycle within a channel pattern.
Currently, the BTC price is at $62,650, marking a 3% intraday increase and a 9.27% rise over four days.
Trump’s Survival Boosts Crypto Market
Former US President Donald Trump survived an assassination attempt in Butler, Pennsylvania, on Saturday.
His survival strengthened the crypto market, pushing Bitcoin past the $60K barrier.
PolitiFi tokens like Trump and MAGA surged almost 35%.
Bitcoin ETFs, On-Chain, and Derivatives
The largest 30-day inflow into US Spot ETFs, with $310M daily inflows, creates a solid foundation for upward movement.
This marks the sixth consecutive positive inflow day, bringing the cumulative total net inflow to $15.81B.
US Bitcoin ETFs now hold 4.52% of the Bitcoin market cap, valued at $51.34B.
The Bitcoin Open Interest (OI) stands at $16.95B, with a 5.3% growth in the past 24 hours and 18.16% in seven days.
A positive funding rate of 0.0040 indicates that buyers are willing to pay a premium to maintain bullish positions.
With $47.80M worth of short positions liquidated in Bitcoin over the past 24 hours, the bulls are gaining strength.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Matrixport Attributes Bitcoin's Decline To Korean Investors, Excludes Germany And Mt.Gox
Matrixport’s recent analysis explores the correlation between Bitcoin’s decline and the influence of Korean investors, positing that the recent downturn may have been influenced by retail investors from South Korea.
According to Matrixport analysts, a significant portion of Bitcoin’s decline in the last month, accounting for 13% of the total decrease, occurred during Asian trading hours.
They suggest that Korean retail investors have played a role in this decline, as the majority of Bitcoin’s overall decrease has been observed during these trading hours.
There is also speculation that institutional investors are increasingly replacing retail investors in the market.
The analysts note a shift towards stability in the market, with minimal weekend volatility as institutional trading patterns from Monday to Friday set the tone.
They further observe that Bitcoin’s market dynamics are increasingly driven by institutional investors due to reduced retail activity, contributing to lower volatility.
The report underscores the substantial contribution of South Korean exchanges to Bitcoin transaction volumes annually.
It also highlights the pivotal role of Korean investors in altcoin trading volumes, particularly as South Korea lacks a crypto futures market, prompting retail investors to often turn to altcoins for leveraged opportunities.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #enofuagreat #SOFR_Spike
Matrixport’s recent analysis explores the correlation between Bitcoin’s decline and the influence of Korean investors, positing that the recent downturn may have been influenced by retail investors from South Korea.
According to Matrixport analysts, a significant portion of Bitcoin’s decline in the last month, accounting for 13% of the total decrease, occurred during Asian trading hours.
They suggest that Korean retail investors have played a role in this decline, as the majority of Bitcoin’s overall decrease has been observed during these trading hours.
There is also speculation that institutional investors are increasingly replacing retail investors in the market.
The analysts note a shift towards stability in the market, with minimal weekend volatility as institutional trading patterns from Monday to Friday set the tone.
They further observe that Bitcoin’s market dynamics are increasingly driven by institutional investors due to reduced retail activity, contributing to lower volatility.
The report underscores the substantial contribution of South Korean exchanges to Bitcoin transaction volumes annually.
It also highlights the pivotal role of Korean investors in altcoin trading volumes, particularly as South Korea lacks a crypto futures market, prompting retail investors to often turn to altcoins for leveraged opportunities.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #enofuagreat #SOFR_Spike
Ethereum Spot ETFs to Debut on Cboe on July 23
The ETFs listed include the Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF.
Pending final regulatory approval, these spot Ethereum ETFs will be available on Cboe’s BZX Exchange and listed on the SIAC Tape B data feed.
Each fund will track Ethereum, anticipated to attract substantial market attention.
Bloomberg ETF analyst Eric Balchunas reported on July 15 that the SEC is expected to approve these funds by July 22, with trading starting the next day.
The issuers, who filed updated S-1 forms on July 18, have detailed sponsor fees and additional information.
Notably, VanEck is offering a one-year fee waiver for the first $1.5 billion in assets, while 21Shares will waive its 0.21% fee until the fund reaches $500 million in assets or six months have passed.
Potential Impact of Ethereum ETFs on the Crypto Market
Industry experts suggest that the performance of these spot Ethereum ETFs could significantly influence the broader market and potentially set a precedent for future crypto ETFs.
Danny Chong, co-founder of Tranchess, believes that inflows into these ETFs might significantly impact Ethereum, potentially driving its price above $5,000 due to its expanding ecosystem and utility.
Looking ahead, there is growing anticipation around the possibility of a Solana ETF.
The success of spot Ethereum ETFs could shape the regulatory and market landscape for future digital asset products, potentially leading to broader acceptance and integration of cryptocurrencies into traditional financial frameworks.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
The ETFs listed include the Fidelity Ethereum Fund, Franklin Ethereum ETF, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and the 21Shares Core Ethereum ETF.
Pending final regulatory approval, these spot Ethereum ETFs will be available on Cboe’s BZX Exchange and listed on the SIAC Tape B data feed.
Each fund will track Ethereum, anticipated to attract substantial market attention.
Bloomberg ETF analyst Eric Balchunas reported on July 15 that the SEC is expected to approve these funds by July 22, with trading starting the next day.
The issuers, who filed updated S-1 forms on July 18, have detailed sponsor fees and additional information.
Notably, VanEck is offering a one-year fee waiver for the first $1.5 billion in assets, while 21Shares will waive its 0.21% fee until the fund reaches $500 million in assets or six months have passed.
Potential Impact of Ethereum ETFs on the Crypto Market
Industry experts suggest that the performance of these spot Ethereum ETFs could significantly influence the broader market and potentially set a precedent for future crypto ETFs.
Danny Chong, co-founder of Tranchess, believes that inflows into these ETFs might significantly impact Ethereum, potentially driving its price above $5,000 due to its expanding ecosystem and utility.
Looking ahead, there is growing anticipation around the possibility of a Solana ETF.
The success of spot Ethereum ETFs could shape the regulatory and market landscape for future digital asset products, potentially leading to broader acceptance and integration of cryptocurrencies into traditional financial frameworks.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Will Mt. Gox Pressure on Bitcoin Persist? Discover the Shocking Results!
The ongoing uncertainty surrounding Mt. Gox refunds has impacted Bitcoin prices since early July. Recently, a vote was conducted on the Mt. Gox forum on Reddit.
Chinese cryptocurrency journalist Wu Blockchain reported that 467 members participated in the poll.
Among the Mt. Gox creditors who voted, 260 chose not to sell their BTC after receiving their refund, making up the highest rate at 55%.
In contrast, 88 creditors opted to sell all their refunded Bitcoins, accounting for 18% of the votes.
Additionally, 68 creditors decided to sell between 1% and 25% of their BTC, while 26 creditors chose to sell between 25% and 50% of their BTC.
The survey results suggest that more than half of the refunded BTCs will not be sold. However, analysts are divided on the impact of these refunds.
Some believe the Mt. Gox refunds have already been priced in and that staggered payments will not significantly affect the BTC price.
Others argue that the refunds will continue to exert negative pressure on the price.
There is also a viewpoint that creditors, having waited a long time for their Bitcoins, may choose not to sell, thus minimizing any negative impact on the price.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
The ongoing uncertainty surrounding Mt. Gox refunds has impacted Bitcoin prices since early July. Recently, a vote was conducted on the Mt. Gox forum on Reddit.
Chinese cryptocurrency journalist Wu Blockchain reported that 467 members participated in the poll.
Among the Mt. Gox creditors who voted, 260 chose not to sell their BTC after receiving their refund, making up the highest rate at 55%.
In contrast, 88 creditors opted to sell all their refunded Bitcoins, accounting for 18% of the votes.
Additionally, 68 creditors decided to sell between 1% and 25% of their BTC, while 26 creditors chose to sell between 25% and 50% of their BTC.
The survey results suggest that more than half of the refunded BTCs will not be sold. However, analysts are divided on the impact of these refunds.
Some believe the Mt. Gox refunds have already been priced in and that staggered payments will not significantly affect the BTC price.
Others argue that the refunds will continue to exert negative pressure on the price.
There is also a viewpoint that creditors, having waited a long time for their Bitcoins, may choose not to sell, thus minimizing any negative impact on the price.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Biden's Veto Reveals Cryptocurrency Rift And Regulatory Struggle
The US House of Representatives fell short in overturning President Joe Biden's veto of a resolution impacting a Securities and Exchange Commission rule on cryptocurrency treatment by banks.
The attempt to override H.J.Res. 109 failed by 60 votes, lacking the required two-thirds majority.
This outcome likely leaves the veto intact, potentially restricting US banks from serving as crypto custodians without future legislative changes.
Representative Patrick McHenry lamented the situation, emphasizing missed opportunities for collaboration on digital asset policy.
Conversely, Representative Maxine Waters noted industry criticism of SEC's clarity on crypto regulation under SAB 121, suggesting discontent with the administration's stance.
President Biden's swift veto on May 31, despite House and Senate support, marks his 12th veto without a congressional override since taking office.
The crypto community has voiced dissatisfaction with these actions, including opposition to the FIT21 Act, which aims to clarify digital asset regulations.
The failed override underscores ongoing US government discord over crypto regulation.
While the Biden administration and SEC maintain stringent policies, advocates for clearer digital asset laws seek continued dialogue and legislative progress.
Future efforts will be pivotal in defining cryptocurrency's role in the US financial landscape.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #US_Job_Market_Slowdown #enofuagreat
The US House of Representatives fell short in overturning President Joe Biden's veto of a resolution impacting a Securities and Exchange Commission rule on cryptocurrency treatment by banks.
The attempt to override H.J.Res. 109 failed by 60 votes, lacking the required two-thirds majority.
This outcome likely leaves the veto intact, potentially restricting US banks from serving as crypto custodians without future legislative changes.
Representative Patrick McHenry lamented the situation, emphasizing missed opportunities for collaboration on digital asset policy.
Conversely, Representative Maxine Waters noted industry criticism of SEC's clarity on crypto regulation under SAB 121, suggesting discontent with the administration's stance.
President Biden's swift veto on May 31, despite House and Senate support, marks his 12th veto without a congressional override since taking office.
The crypto community has voiced dissatisfaction with these actions, including opposition to the FIT21 Act, which aims to clarify digital asset regulations.
The failed override underscores ongoing US government discord over crypto regulation.
While the Biden administration and SEC maintain stringent policies, advocates for clearer digital asset laws seek continued dialogue and legislative progress.
Future efforts will be pivotal in defining cryptocurrency's role in the US financial landscape.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #US_Job_Market_Slowdown #enofuagreat
BNB Foundation Burns $971M in Tokens: What's Ahead for BNB’s Price?
The BNB Foundation has completed its 28th quarterly BNB token burn, removing a significant 1,643,698.8 BNB from circulation, valued at approximately $971 million, as reported by Chinese journalist Colin Wu.
This major reduction in supply has investors closely monitoring BNB's price movements. Currently, BNB is trading at $594.04, with a market capitalization of around $86.7 billion.
The substantial burn and increased trading volume suggest a potential price rise for BNB.
Key support levels at $592 and resistance at $600, $605, and $610 will likely influence BNB's price direction amid heightened market activity.
With a 24% increase in volume and an RSI of 58.42, BNB exhibits short-term bullish potential.
#ETH_ETFs_Trading_Today #BinanceHODLerBANANA #Bitcoin_Coneference_2024 #BinanceTurns7 #enofuagreat
The BNB Foundation has completed its 28th quarterly BNB token burn, removing a significant 1,643,698.8 BNB from circulation, valued at approximately $971 million, as reported by Chinese journalist Colin Wu.
This major reduction in supply has investors closely monitoring BNB's price movements. Currently, BNB is trading at $594.04, with a market capitalization of around $86.7 billion.
The substantial burn and increased trading volume suggest a potential price rise for BNB.
Key support levels at $592 and resistance at $600, $605, and $610 will likely influence BNB's price direction amid heightened market activity.
With a 24% increase in volume and an RSI of 58.42, BNB exhibits short-term bullish potential.
#ETH_ETFs_Trading_Today #BinanceHODLerBANANA #Bitcoin_Coneference_2024 #BinanceTurns7 #enofuagreat
Prepare for the Ethereum ETF: Early Retirement Strategies with Leading Altcoin Investments
The crypto market is calm, indicating anticipation for the next bull run.
Altcoins are currently at attractive entry points and poised for significant growth.
While investors are eyeing the upcoming Ethereum ETF, savvy players understand that real gains often come from selecting the right altcoins.
Now is an ideal time to invest ahead of a potential surge.
This article identifies promising altcoins and explains why they could lead to early retirement.
CYBRO Presale Exceeds $1.3 Million
CYBRO is gaining attention from crypto whales as its presale surpasses $1.3 million.
This next-gen DeFi platform offers substantial earning opportunities, with experts predicting a potential ROI of 1200%.
CYBRO tokens are available at a presale price of $0.03 each, and the project has attracted notable crypto influencers, indicating strong interest.
Benefits for CYBRO holders include staking rewards, airdrops, cashback, reduced fees, and a robust insurance program.
With only 21% of tokens available in this presale, this is a prime opportunity for investors.
Render (RNDR) and Notcoin (NOT) Show Bullish Trends
Render (RNDR) remains strong despite Bitcoin's dip, showing potential for significant growth if it can surpass its nearest resistance level.
Notcoin (NOT) also signals bullish potential, with recent gains suggesting a possible rise if it breaks key resistance points.
Both altcoins could see substantial increases if current trends continue.
Mog Coin (MOG) and Aptos (APT) Indicate Growth Potential
Mog Coin (MOG) shows promising growth, with recent gains suggesting it could continue to rise if it breaks resistance.
Aptos (APT) is also showing resilience, with potential for a 20-25% increase if bullish momentum continues.
Conclusion
While RNDR, NOT, MOG, and APT show potential, CYBRO stands out as a cutting-edge DeFi platform with significant promise.
Its AI-powered yield aggregation on the Blast blockchain and various investor benefits make it a compelling choice for those looking to capitalize on current market opportunities.
Altcoins are currently at attractive entry points and poised for significant growth.
While investors are eyeing the upcoming Ethereum ETF, savvy players understand that real gains often come from selecting the right altcoins.
Now is an ideal time to invest ahead of a potential surge.
This article identifies promising altcoins and explains why they could lead to early retirement.
CYBRO Presale Exceeds $1.3 Million
CYBRO is gaining attention from crypto whales as its presale surpasses $1.3 million.
This next-gen DeFi platform offers substantial earning opportunities, with experts predicting a potential ROI of 1200%.
CYBRO tokens are available at a presale price of $0.03 each, and the project has attracted notable crypto influencers, indicating strong interest.
Benefits for CYBRO holders include staking rewards, airdrops, cashback, reduced fees, and a robust insurance program.
With only 21% of tokens available in this presale, this is a prime opportunity for investors.
Render (RNDR) and Notcoin (NOT) Show Bullish Trends
Render (RNDR) remains strong despite Bitcoin's dip, showing potential for significant growth if it can surpass its nearest resistance level.
Notcoin (NOT) also signals bullish potential, with recent gains suggesting a possible rise if it breaks key resistance points.
Both altcoins could see substantial increases if current trends continue.
Mog Coin (MOG) and Aptos (APT) Indicate Growth Potential
Mog Coin (MOG) shows promising growth, with recent gains suggesting it could continue to rise if it breaks resistance.
Aptos (APT) is also showing resilience, with potential for a 20-25% increase if bullish momentum continues.
Conclusion
While RNDR, NOT, MOG, and APT show potential, CYBRO stands out as a cutting-edge DeFi platform with significant promise.
Its AI-powered yield aggregation on the Blast blockchain and various investor benefits make it a compelling choice for those looking to capitalize on current market opportunities.
Cryptocurrency liquidations have surged to $292 million as the global market cap declines by 3.6%.
The global cryptocurrency market cap fell below $2.5 trillion, causing a sharp increase in liquidations.
Data from Coinglass shows that liquidations surged by 92.5% in the past 24 hours, reaching $292.22 million.
Long positions accounted for the majority, with $259.7 million liquidated, while short positions saw $32.5 million in liquidations.
Ethereum (ETH) led in liquidations with $101.6 million, followed by Bitcoin (BTC) at $83.3 million.
The largest liquidation, valued at $11.78 million, occurred on Binance in the BTC/USDT trading pair.
CoinGecko data indicates the global crypto market cap dropped 3.6% over the past 24 hours, from $2.5 trillion to $2.42 trillion.
Bitcoin's price fell from an intraday high of $67,110 to around $64,100, and Ethereum's price dropped 8.1% to $3,160.
The decline in Ethereum followed a net outflow of $133.3 million from U.S. spot ETH ETFs on July 24.
Overall, the total open interest in the cryptocurrency market decreased by 4%, currently standing at $63.6 billion.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7 #SOFR_Spike #enofuagreat
The global cryptocurrency market cap fell below $2.5 trillion, causing a sharp increase in liquidations.
Data from Coinglass shows that liquidations surged by 92.5% in the past 24 hours, reaching $292.22 million.
Long positions accounted for the majority, with $259.7 million liquidated, while short positions saw $32.5 million in liquidations.
Ethereum (ETH) led in liquidations with $101.6 million, followed by Bitcoin (BTC) at $83.3 million.
The largest liquidation, valued at $11.78 million, occurred on Binance in the BTC/USDT trading pair.
CoinGecko data indicates the global crypto market cap dropped 3.6% over the past 24 hours, from $2.5 trillion to $2.42 trillion.
Bitcoin's price fell from an intraday high of $67,110 to around $64,100, and Ethereum's price dropped 8.1% to $3,160.
The decline in Ethereum followed a net outflow of $133.3 million from U.S. spot ETH ETFs on July 24.
Overall, the total open interest in the cryptocurrency market decreased by 4%, currently standing at $63.6 billion.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7 #SOFR_Spike #enofuagreat
Ethereum Spot ETF Anticipation Spurs 64% Increase in ETH Whale Activity Compared to BTC
Recent on-chain data indicates a significant surge in whale activity on the Ethereum blockchain, likely driven by the anticipation surrounding the approval of spot exchange-traded funds (ETFs).
Ethereum has experienced 77,200 whale transactions since the 17th of this month, surpassing Bitcoin's 47,000 and Tether's 34,100 transactions during the same period.
The "Whale Transaction Count," which tracks transfers of at least $100,000, shows that Ethereum's activity has outpaced both Bitcoin and Tether, suggesting heightened interest from large investors.
This increase in whale transactions corresponds with the U.S. Securities and Exchange Commission's approval of Ethereum spot ETFs, which is seen as a bullish development.
Data from the analytics platform IntoTheBlock reveals that large holders, defined as those owning at least 0.1% of Ethereum's total supply, have been increasing their holdings.
This trend indicates a positive net flow into these investors' wallets, supporting the view that whales are accumulating Ethereum in response to the recent market developments.
#ETH_ETFs_Trading_Today #ETH_ETFs_Approval_Predictions #Bitcoin_Coneference_2024 #enofuagreat
Recent on-chain data indicates a significant surge in whale activity on the Ethereum blockchain, likely driven by the anticipation surrounding the approval of spot exchange-traded funds (ETFs).
Ethereum has experienced 77,200 whale transactions since the 17th of this month, surpassing Bitcoin's 47,000 and Tether's 34,100 transactions during the same period.
The "Whale Transaction Count," which tracks transfers of at least $100,000, shows that Ethereum's activity has outpaced both Bitcoin and Tether, suggesting heightened interest from large investors.
This increase in whale transactions corresponds with the U.S. Securities and Exchange Commission's approval of Ethereum spot ETFs, which is seen as a bullish development.
Data from the analytics platform IntoTheBlock reveals that large holders, defined as those owning at least 0.1% of Ethereum's total supply, have been increasing their holdings.
This trend indicates a positive net flow into these investors' wallets, supporting the view that whales are accumulating Ethereum in response to the recent market developments.
#ETH_ETFs_Trading_Today #ETH_ETFs_Approval_Predictions #Bitcoin_Coneference_2024 #enofuagreat
Daily Market Overview: BTC, ETH, MOG, ICP, MKR
Today's session sees bullish momentum as the global market cap reaches $2.19 trillion, a 2.52% increase, despite a 17% drop in trading volume to $47 billion.
Bitcoin (BTC)
•BTC price is nearing the upper Bollinger Band, indicating potential overbought conditions or strong bullish momentum.
•The MACD line is above the signal line, with a positive and increasing histogram, signaling bullish trends.
•BTC traded at $58,167, a 1.95% increase.
Ethereum (ETH):
•ETH price shows two peaks, indicating potential resistance.
•The Woodies CCI is in the overbought zone, suggesting a possible price reversal.
•ETH traded at $3,200, a 2.26% increase.
Mog Coin (MOG)
•MOG price is within a rising wedge, typically a bearish pattern.
•The Volume Oscillator shows no significant increase in volume, hinting at weakening momentum.
•MOG traded at $0.000001918, a 20% increase.
Internet Computer (ICP)
•ICP price is above the Ichimoku cloud, indicating a bullish trend.
•The Money Flow Index (MFI) is in the overbought zone, suggesting a potential for reversal or consolidation.
•ICP traded at $8.81, a 14.43% increase.
Maker (MKR)
•The Alligator indicator shows a strong uptrend.
•The MFI is in the overbought zone, indicating potential for a pullback or consolidation.
•MKR traded at $2,764, an 8.13% increase.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Today's session sees bullish momentum as the global market cap reaches $2.19 trillion, a 2.52% increase, despite a 17% drop in trading volume to $47 billion.
Bitcoin (BTC)
•BTC price is nearing the upper Bollinger Band, indicating potential overbought conditions or strong bullish momentum.
•The MACD line is above the signal line, with a positive and increasing histogram, signaling bullish trends.
•BTC traded at $58,167, a 1.95% increase.
Ethereum (ETH):
•ETH price shows two peaks, indicating potential resistance.
•The Woodies CCI is in the overbought zone, suggesting a possible price reversal.
•ETH traded at $3,200, a 2.26% increase.
Mog Coin (MOG)
•MOG price is within a rising wedge, typically a bearish pattern.
•The Volume Oscillator shows no significant increase in volume, hinting at weakening momentum.
•MOG traded at $0.000001918, a 20% increase.
Internet Computer (ICP)
•ICP price is above the Ichimoku cloud, indicating a bullish trend.
•The Money Flow Index (MFI) is in the overbought zone, suggesting a potential for reversal or consolidation.
•ICP traded at $8.81, a 14.43% increase.
Maker (MKR)
•The Alligator indicator shows a strong uptrend.
•The MFI is in the overbought zone, indicating potential for a pullback or consolidation.
•MKR traded at $2,764, an 8.13% increase.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Trump to Host $15 Million Fundraiser at Bitcoin Conference
Despite a recent assassination attempt, Trump plans to attend the Bitcoin Conference from July 25 to 27.
Bailey, a representative, confirmed Trump’s commitment to attending in person, with organizers enhancing security measures.
Crypto Donations Boost Trump’s Campaign
Trump’s acceptance of crypto donations has significantly benefited his campaign.
Following the announcement, Gemini founders Cameron and Tyler Winklevoss each donated $1 million in Bitcoin, while Kraken founder Jesse Powell contributed substantial Ethereum donations.
Impact on the Crypto Community
The Bitcoin Conference, expecting 20,000 attendees, offers Trump a platform to discuss his crypto policies and gauge support from the pro-crypto community.
Trump has emerged as a vocal supporter of the crypto industry, promising regulatory clarity if elected. However, some skeptics view his stance as politically motivated.
Trend of Crypto Donations to Pro-Crypto Candidate
Trump’s fundraiser is part of a broader trend of crypto donations supporting pro-crypto candidates.
In the past month, crypto companies have donated through PACs focused on defeating anti-crypto legislators. In May, the super-PAC Fairshake received $160 million from supporters, including Ripple, Coinbase, and a16z.
Trump Pump” Effect on the Crypto Market
Analysts link Bitcoin’s recent gains to the “Trump Pump” effect.
Blockchain platform Santiment notes a bullish sentiment surrounding Trump, likely influencing market reactions through 2024.
This view is supported by crypto market maker QCP, which sees Trump-related news as a catalyst for the rally.
Polymarket, an Ethereum-based prediction website, shows Trump’s odds of winning the election at 71%, boosted by his choice of Senator JD Vance, a strong crypto advocate, as his running mate.
#Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #SOFR_Spike #enofuagreat
Despite a recent assassination attempt, Trump plans to attend the Bitcoin Conference from July 25 to 27.
Bailey, a representative, confirmed Trump’s commitment to attending in person, with organizers enhancing security measures.
Crypto Donations Boost Trump’s Campaign
Trump’s acceptance of crypto donations has significantly benefited his campaign.
Following the announcement, Gemini founders Cameron and Tyler Winklevoss each donated $1 million in Bitcoin, while Kraken founder Jesse Powell contributed substantial Ethereum donations.
Impact on the Crypto Community
The Bitcoin Conference, expecting 20,000 attendees, offers Trump a platform to discuss his crypto policies and gauge support from the pro-crypto community.
Trump has emerged as a vocal supporter of the crypto industry, promising regulatory clarity if elected. However, some skeptics view his stance as politically motivated.
Trend of Crypto Donations to Pro-Crypto Candidate
Trump’s fundraiser is part of a broader trend of crypto donations supporting pro-crypto candidates.
In the past month, crypto companies have donated through PACs focused on defeating anti-crypto legislators. In May, the super-PAC Fairshake received $160 million from supporters, including Ripple, Coinbase, and a16z.
Trump Pump” Effect on the Crypto Market
Analysts link Bitcoin’s recent gains to the “Trump Pump” effect.
Blockchain platform Santiment notes a bullish sentiment surrounding Trump, likely influencing market reactions through 2024.
This view is supported by crypto market maker QCP, which sees Trump-related news as a catalyst for the rally.
Polymarket, an Ethereum-based prediction website, shows Trump’s odds of winning the election at 71%, boosted by his choice of Senator JD Vance, a strong crypto advocate, as his running mate.
#Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July #SOFR_Spike #enofuagreat
Solana Meme Coin Jito Surges 9% Following Restaking Update
Solana-based meme coin Jito (JTO) experienced a 9% price increase after the platform unveiled the code for its new restaking program.
This program introduces a hybrid staking and restaking module designed to enhance the scalability and security of staked assets and Actively Validated Services (AVS).
The program consists of two components:
The Vault Program and the Restaking Program.
The Vault Program focuses on creating Liquid Restaking Tokens, supporting SPL as the underlying asset, and implementing delegation strategies and risk management measures.
The Restaking Program manages AVS and its operators, coordinates vaults, and distributes rewards.
This restaking feature allows users to leverage staked assets, providing additional utility and security measures for both on and off-chain activities.
The announcement has attracted significant interest from the crypto community, resulting in a 9% price surge for Jito and a 17% increase in its weekly gains, even as broader cryptocurrency markets saw declines.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7 #SolanaUSTD #enofuagreat
Solana-based meme coin Jito (JTO) experienced a 9% price increase after the platform unveiled the code for its new restaking program.
This program introduces a hybrid staking and restaking module designed to enhance the scalability and security of staked assets and Actively Validated Services (AVS).
The program consists of two components:
The Vault Program and the Restaking Program.
The Vault Program focuses on creating Liquid Restaking Tokens, supporting SPL as the underlying asset, and implementing delegation strategies and risk management measures.
The Restaking Program manages AVS and its operators, coordinates vaults, and distributes rewards.
This restaking feature allows users to leverage staked assets, providing additional utility and security measures for both on and off-chain activities.
The announcement has attracted significant interest from the crypto community, resulting in a 9% price surge for Jito and a 17% increase in its weekly gains, even as broader cryptocurrency markets saw declines.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7 #SolanaUSTD #enofuagreat
CryptoQuant: Bitcoin At A Crucial Juncture – Bull Or Bear Ahead?
Bitcoin (BTC) is at a critical juncture that could determine whether its price has bottomed out or will decline further, similar to the correction seen in the summer of 2021.
Some metrics indicate that the leading cryptocurrency may have reached the bottom of its latest correction, while others suggest more pain could be in store for market participants.
Bitcoin at a Pivotal Point
CryptoQuant’s recent weekly report highlights that Bitcoin’s price may take longer to rally or bottom out due to slow growth in stablecoin liquidity.
Historically, prices have rallied when more liquidity enters the market through Tether (USDT) minting. However, this condition has not yet been met, as USDT’s market cap growth remains sluggish.
In contrast, the market cap of USD Coin (USDC) has been increasing by 5.6% monthly.
Despite this, Tether’s slow growth indicates that BTC might not rally soon.
CryptoQuant analysts also pointed out that their Profit and Loss Index signal is hovering around its 365-day moving average.
A drop below this level is often associated with major corrections or the onset of a bear market.
Additionally, CryptoQuant’s Bull-Bear Market Cycle Indicator may switch to a bear market if prices fall further.
It is currently at its lowest bullish level since early 2023, and a shift to the bear phase could trigger more declines in the near term.
Investors Realizing Losses
Large Bitcoin investors are now realizing losses Since BTC dropped to a four-month low of $53,000 about a week ago, new large investors have realized nearly $1 billion in losses.
Selling at a loss usually indicates a price bottom.
Bitcoin traders’ margins are also negative, and these investors will continue to incur losses if they keep offloading their holdings.
Traders' unrealized margins are currently at 17%, the most negative since the collapse of the bankrupt crypto exchange FTX in November 2022.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Bitcoin (BTC) is at a critical juncture that could determine whether its price has bottomed out or will decline further, similar to the correction seen in the summer of 2021.
Some metrics indicate that the leading cryptocurrency may have reached the bottom of its latest correction, while others suggest more pain could be in store for market participants.
Bitcoin at a Pivotal Point
CryptoQuant’s recent weekly report highlights that Bitcoin’s price may take longer to rally or bottom out due to slow growth in stablecoin liquidity.
Historically, prices have rallied when more liquidity enters the market through Tether (USDT) minting. However, this condition has not yet been met, as USDT’s market cap growth remains sluggish.
In contrast, the market cap of USD Coin (USDC) has been increasing by 5.6% monthly.
Despite this, Tether’s slow growth indicates that BTC might not rally soon.
CryptoQuant analysts also pointed out that their Profit and Loss Index signal is hovering around its 365-day moving average.
A drop below this level is often associated with major corrections or the onset of a bear market.
Additionally, CryptoQuant’s Bull-Bear Market Cycle Indicator may switch to a bear market if prices fall further.
It is currently at its lowest bullish level since early 2023, and a shift to the bear phase could trigger more declines in the near term.
Investors Realizing Losses
Large Bitcoin investors are now realizing losses Since BTC dropped to a four-month low of $53,000 about a week ago, new large investors have realized nearly $1 billion in losses.
Selling at a loss usually indicates a price bottom.
Bitcoin traders’ margins are also negative, and these investors will continue to incur losses if they keep offloading their holdings.
Traders' unrealized margins are currently at 17%, the most negative since the collapse of the bankrupt crypto exchange FTX in November 2022.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike #enofuagreat
Job Growth Decelerates Amid Federal Reserve's Interest Rate Discussions and Upcoming Election
The job market is cooling, with only 122,000 jobs added in July, as reported by ADP. Most new jobs were in trade, transportation, and unexpectedly, construction.
Annual wage growth was at its lowest in three years, increasing by 4.8%.
ADP's chief economist, Nela Richardson, noted that the slower wage growth aligns with the Federal Reserve's efforts to control inflation, suggesting that labour is not currently driving inflation higher.
Recent data, including a slight decline in job openings, indicates a slowdown in the labour market.
The government is expected to report around 175,000 new jobs for July, down from 206,000 in May.
Natixis economist Jonathan Pingle predicts 165,000 new nonfarm payrolls, noting the forecast's uncertainty due to factors like Hurricane Beryl and seasonal adjustments in the education sector.
The Federal Reserve is expected to hold interest rates steady but may hint at a rate cut in September, possibly to avoid appearing politically motivated before the November presidential election.
Former President Donald Trump previously criticised Fed Chairman Jerome Powell, but has recently been more supportive.
President Joe Biden and Vice President Kamala Harris have largely refrained from commenting on the Fed.
LPL Financial Chief Economist Jeffrey Roach suggests that if the labour market continues to weaken, consumer spending, particularly on discretionary items, may also decline.
Investors are advised to anticipate a potential rate cut announcement at the Fed's September meeting.
#US_Job_Market_Slowdown #Babylon_Mainnet_Launch #BinanceHODLerBANANA #enofuagreat #MtGoxJulyRepayments
The job market is cooling, with only 122,000 jobs added in July, as reported by ADP. Most new jobs were in trade, transportation, and unexpectedly, construction.
Annual wage growth was at its lowest in three years, increasing by 4.8%.
ADP's chief economist, Nela Richardson, noted that the slower wage growth aligns with the Federal Reserve's efforts to control inflation, suggesting that labour is not currently driving inflation higher.
Recent data, including a slight decline in job openings, indicates a slowdown in the labour market.
The government is expected to report around 175,000 new jobs for July, down from 206,000 in May.
Natixis economist Jonathan Pingle predicts 165,000 new nonfarm payrolls, noting the forecast's uncertainty due to factors like Hurricane Beryl and seasonal adjustments in the education sector.
The Federal Reserve is expected to hold interest rates steady but may hint at a rate cut in September, possibly to avoid appearing politically motivated before the November presidential election.
Former President Donald Trump previously criticised Fed Chairman Jerome Powell, but has recently been more supportive.
President Joe Biden and Vice President Kamala Harris have largely refrained from commenting on the Fed.
LPL Financial Chief Economist Jeffrey Roach suggests that if the labour market continues to weaken, consumer spending, particularly on discretionary items, may also decline.
Investors are advised to anticipate a potential rate cut announcement at the Fed's September meeting.
#US_Job_Market_Slowdown #Babylon_Mainnet_Launch #BinanceHODLerBANANA #enofuagreat #MtGoxJulyRepayments
Crypto Daily Update!!!!!!!!🚩🚩🚩🚩🚩🚩🚩
As of August 30th, the cryptocurrency market has experienced significant volatility and key developments:
Bitcoin has faced fluctuations after reaching an all-time high of over $73,000 earlier in the year.
The recent halving in April led to a price decline, and August saw more outflows from Bitcoin ETFs, indicating some investor caution.
However, Bitcoin remains a focal point for investors, with ongoing discussions about spot Bitcoin ETFs influencing market sentiment.
Ethereum saw a sharp decline in August, losing over 25% of its value.
The Ethereum Foundation's $100 million ETH sale and Vitalik Buterin's movements of large sums of ETH created waves in the market.
Additionally, Ethereum's Layer 2 networks, like Arbitrum and Optimism, are facing rising transaction fees due to increased demand, which could further impact the network's usability and cost-effectiveness.
Solana is gaining momentum, with the launch of its first spot ETF in Brazil, raising $2.75 million.
The network's Solana Virtual Machine (SVM) has also reached over 1 million monthly active users, marking a significant milestone for the ecosystem.
The broader crypto market remains cautious but optimistic.
Despite the volatility, there is ongoing development and interest, particularly around regulatory moves and technological advancements in the space.
For instance, BlackRock's Bitcoin ETF experienced a $13.5 million outflow, and Solana's advancements reflect continued growth in specific sectors.
Overall, the crypto market is navigating a complex landscape of regulatory scrutiny, technological innovation, and shifting investor sentiment.
#enofuagreat #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO
As of August 30th, the cryptocurrency market has experienced significant volatility and key developments:
Bitcoin has faced fluctuations after reaching an all-time high of over $73,000 earlier in the year.
The recent halving in April led to a price decline, and August saw more outflows from Bitcoin ETFs, indicating some investor caution.
However, Bitcoin remains a focal point for investors, with ongoing discussions about spot Bitcoin ETFs influencing market sentiment.
Ethereum saw a sharp decline in August, losing over 25% of its value.
The Ethereum Foundation's $100 million ETH sale and Vitalik Buterin's movements of large sums of ETH created waves in the market.
Additionally, Ethereum's Layer 2 networks, like Arbitrum and Optimism, are facing rising transaction fees due to increased demand, which could further impact the network's usability and cost-effectiveness.
Solana is gaining momentum, with the launch of its first spot ETF in Brazil, raising $2.75 million.
The network's Solana Virtual Machine (SVM) has also reached over 1 million monthly active users, marking a significant milestone for the ecosystem.
The broader crypto market remains cautious but optimistic.
Despite the volatility, there is ongoing development and interest, particularly around regulatory moves and technological advancements in the space.
For instance, BlackRock's Bitcoin ETF experienced a $13.5 million outflow, and Solana's advancements reflect continued growth in specific sectors.
Overall, the crypto market is navigating a complex landscape of regulatory scrutiny, technological innovation, and shifting investor sentiment.
#enofuagreat #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO
Cardano Founder Issues Surprising Statement on Bitcoin
Cardano founder Charles Hoskinson recently clarified his stance on Bitcoin, addressing misconceptions within the cryptocurrency community.
In a social media post, Hoskinson emphasized his deep connection to Bitcoin, noting his contributions to the Bitcoin education project since 2013.
He expressed frustration not with Bitcoin itself, but with some Bitcoin maximalists who criticize him for creating an altcoin, stating, "Love Bitcoin, grew up with Bitcoin, and founded the Bitcoin education project back in 2013.
Hate the Maxis who say I should be in prison for making an altcoin."
In a separate update, Romain Pellerin, CTO of Cardano developer Input Output Global, provided details on the Babel fee mechanism, which will allow transaction fees on the Cardano network to be paid in tokens other than ADA.
This feature, which enhances interoperability and usability, includes the introduction of "validation zones" to support bundled transactions, enabling complex operations like atomic swaps.
The proposal also includes new transaction fields for expressing and fulfilling intents, improving flexibility in transaction settlement on Cardano.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #SOFR_Spike #BinanceTurns7 #enofuagreat
Cardano founder Charles Hoskinson recently clarified his stance on Bitcoin, addressing misconceptions within the cryptocurrency community.
In a social media post, Hoskinson emphasized his deep connection to Bitcoin, noting his contributions to the Bitcoin education project since 2013.
He expressed frustration not with Bitcoin itself, but with some Bitcoin maximalists who criticize him for creating an altcoin, stating, "Love Bitcoin, grew up with Bitcoin, and founded the Bitcoin education project back in 2013.
Hate the Maxis who say I should be in prison for making an altcoin."
In a separate update, Romain Pellerin, CTO of Cardano developer Input Output Global, provided details on the Babel fee mechanism, which will allow transaction fees on the Cardano network to be paid in tokens other than ADA.
This feature, which enhances interoperability and usability, includes the introduction of "validation zones" to support bundled transactions, enabling complex operations like atomic swaps.
The proposal also includes new transaction fields for expressing and fulfilling intents, improving flexibility in transaction settlement on Cardano.
#ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #SOFR_Spike #BinanceTurns7 #enofuagreat
Bitcoin ETFs Hit Record High with Over $16 Billion in Net Flows
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have crossed $16 billion in yearly net flows for the first time, according to Bloomberg ETF analyst Eric Balchunas.
He described this progress as “two steps forward, one step back,” referencing the underperformance in June.
Initially, Balchunas and fellow analyst James Seyffart predicted spot Bitcoin ETFs would reach between $12 billion and $15 billion in net flows within a year, a target met in just six months.
Recent data shows nine Bitcoin ETFs added 5,383 BTC to their holdings, worth over $340 million. BlackRock led with an addition of 1,844 BTC, bringing its total to 318,120 BTC.
The Valkyrie Bitcoin Fund was the only ETF not to add any BTC yesterday.
According to CoinShares, Bitcoin ETFs saw the fifth-largest weekly inflow last week at $1.35 billion.
This, coupled with net outflows for funds indexed to short BTC positions, indicates a positive investor sentiment.
In June, Ether and Solana also showed significant momentum, potentially attracting between $1 billion to $3 billion in net inflows due to growing ETF interest.
Despite a 7% decline in Bitcoin's price in June, spot Bitcoin ETFs experienced net inflows of $790 million earlier this month.
This week, Bitcoin ETFs recorded over $300 million in net inflows, the highest since early June.
In May, discussions at a consensus event highlighted President Biden's inconsistent positions on crypto regulations, eliciting mixed reactions.
Recently, CoinDesk detailed the rise and fall of the Terra ecosystem, focusing on the failures of UST and LUNA.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have crossed $16 billion in yearly net flows for the first time, according to Bloomberg ETF analyst Eric Balchunas.
He described this progress as “two steps forward, one step back,” referencing the underperformance in June.
Initially, Balchunas and fellow analyst James Seyffart predicted spot Bitcoin ETFs would reach between $12 billion and $15 billion in net flows within a year, a target met in just six months.
Recent data shows nine Bitcoin ETFs added 5,383 BTC to their holdings, worth over $340 million. BlackRock led with an addition of 1,844 BTC, bringing its total to 318,120 BTC.
The Valkyrie Bitcoin Fund was the only ETF not to add any BTC yesterday.
According to CoinShares, Bitcoin ETFs saw the fifth-largest weekly inflow last week at $1.35 billion.
This, coupled with net outflows for funds indexed to short BTC positions, indicates a positive investor sentiment.
In June, Ether and Solana also showed significant momentum, potentially attracting between $1 billion to $3 billion in net inflows due to growing ETF interest.
Despite a 7% decline in Bitcoin's price in June, spot Bitcoin ETFs experienced net inflows of $790 million earlier this month.
This week, Bitcoin ETFs recorded over $300 million in net inflows, the highest since early June.
In May, discussions at a consensus event highlighted President Biden's inconsistent positions on crypto regulations, eliciting mixed reactions.
Recently, CoinDesk detailed the rise and fall of the Terra ecosystem, focusing on the failures of UST and LUNA.
#ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike #enofuagreat
From Failing Grades To Financial Gains: Can BlockDAG Replicate Bitcoin’s Early Success And Transform The Future?
From College Dropout to Crypto Millionaire: Can BlockDAG Replicate Bitcoin’s Early Success?
Investing early in the volatile world of cryptocurrency can yield extraordinary financial gains.
This narrative follows a New York college dropout who turned his modest $1,000 savings into a multi-million-dollar fortune by betting on Bitcoin when it was just $12 per coin.
Today, as the cryptocurrency landscape evolves, a new contender, BlockDAG, emerges, promising vast potential for early investors and positioning itself as a leading presale cryptocurrency.
Let’s delve into the transformative journey of Bitcoin’s early backers and assess how BlockDAG might replicate this massive success.
Bitcoin Wealth: From $1,000 to $25 Million
Back in 2013, Bitcoin was a budding digital currency priced at a mere $12.
Seizing this opportunity, a New York college dropout invested $1,000, his earnings from part-time work.
This early bet, driven by his belief in cryptocurrency’s future impact, grew exponentially.
Over the subsequent eight years, Bitcoin’s value soared, peaking at $64,000 in 2021.
The dropout’s initial stake in 400 Bitcoins appreciated to an astounding $25 million.
This windfall enabled him to secure a prosperous future, delve into new entrepreneurial ventures, support startups, and diversify his crypto holdings.
His journey stands as a powerful testament to the transformative impact of pioneering investments in cutting-edge technologies, insights he now imparts to potential investors of BlockDAG.
BlockDAG: The Next Big Crypto Opportunity with a 30,000% Return Potential
BlockDAG is rapidly making a name for itself within the cryptocurrency community, offering a chance similar to the early days of Bitcoin.
Conclusion:
An investment in BlockDAG today holds the potential for substantial future returns, making it an attractive option for any crypto portfolio.
#CPI_BTC_Watch #BinanceTurns7 #blockdag #enofuagreat #Megadrop
From College Dropout to Crypto Millionaire: Can BlockDAG Replicate Bitcoin’s Early Success?
Investing early in the volatile world of cryptocurrency can yield extraordinary financial gains.
This narrative follows a New York college dropout who turned his modest $1,000 savings into a multi-million-dollar fortune by betting on Bitcoin when it was just $12 per coin.
Today, as the cryptocurrency landscape evolves, a new contender, BlockDAG, emerges, promising vast potential for early investors and positioning itself as a leading presale cryptocurrency.
Let’s delve into the transformative journey of Bitcoin’s early backers and assess how BlockDAG might replicate this massive success.
Bitcoin Wealth: From $1,000 to $25 Million
Back in 2013, Bitcoin was a budding digital currency priced at a mere $12.
Seizing this opportunity, a New York college dropout invested $1,000, his earnings from part-time work.
This early bet, driven by his belief in cryptocurrency’s future impact, grew exponentially.
Over the subsequent eight years, Bitcoin’s value soared, peaking at $64,000 in 2021.
The dropout’s initial stake in 400 Bitcoins appreciated to an astounding $25 million.
This windfall enabled him to secure a prosperous future, delve into new entrepreneurial ventures, support startups, and diversify his crypto holdings.
His journey stands as a powerful testament to the transformative impact of pioneering investments in cutting-edge technologies, insights he now imparts to potential investors of BlockDAG.
BlockDAG: The Next Big Crypto Opportunity with a 30,000% Return Potential
BlockDAG is rapidly making a name for itself within the cryptocurrency community, offering a chance similar to the early days of Bitcoin.
Conclusion:
An investment in BlockDAG today holds the potential for substantial future returns, making it an attractive option for any crypto portfolio.
#CPI_BTC_Watch #BinanceTurns7 #blockdag #enofuagreat #Megadrop
Bitcoin Price Drops as German Government Sells Over $900 Million Worth of BTC
Bitcoin's price recently plummeted after the German government sold over $900 million worth of its holdings, causing increased volatility and investor uncertainty.
This massive sell-off was partly due to 16,309 BTC being stolen from German government wallets.
The sale, aimed at maintaining financial stability, saw Bitcoin transferred to major exchanges like Bitstamp, Kraken, and Coinbase.
Following the transaction, Bitcoin's price fell by about 3% to around $55,000 before rebounding slightly to $56,000.
This decline is partly attributed to the quiet summer trading season and an influx of excess supply into the market.
The sale of confiscated assets, including those from the defunct Mt. Gox exchange, has significantly impacted Bitcoin's price.
Market experts are watching how this volatility will shape the future of the cryptocurrency market.
Despite the current instability, the incident may serve as a catalyst for Bitcoin's long-term maturation and stability.
Investors are also exploring alternative cryptocurrencies like Ethereum, which offer security and transparency through distributed networks and smart contracts.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Bitcoin's price recently plummeted after the German government sold over $900 million worth of its holdings, causing increased volatility and investor uncertainty.
This massive sell-off was partly due to 16,309 BTC being stolen from German government wallets.
The sale, aimed at maintaining financial stability, saw Bitcoin transferred to major exchanges like Bitstamp, Kraken, and Coinbase.
Following the transaction, Bitcoin's price fell by about 3% to around $55,000 before rebounding slightly to $56,000.
This decline is partly attributed to the quiet summer trading season and an influx of excess supply into the market.
The sale of confiscated assets, including those from the defunct Mt. Gox exchange, has significantly impacted Bitcoin's price.
Market experts are watching how this volatility will shape the future of the cryptocurrency market.
Despite the current instability, the incident may serve as a catalyst for Bitcoin's long-term maturation and stability.
Investors are also exploring alternative cryptocurrencies like Ethereum, which offer security and transparency through distributed networks and smart contracts.
#ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
Binance Accepts Bloomberg's Apology for Defamatory Coverage
Bloomberg Businessweek has issued a formal apology to Binance and its co-founder, Changpeng Zhao, for a 2022 story that falsely labeled Zhao as the head of a “Ponzi scheme.”
The apology was published in Bloomberg's 250th edition, signaling a commitment to correcting past mistakes and enhancing journalistic standards.
Lawsuit and Apology
Zhao had filed a lawsuit against Bloomberg after the story caused significant reputational damage, inciting “hate, scorn, and mockery” toward Binance and him.
Bloomberg's public apology marks a significant step towards rebuilding trust.
Additionally, Bloomberg has pledged a donation to Songzi’s Special Education Foundation, though the amount remains undisclosed, further acknowledging the harm done and showing a willingness to make amends.
Zhao's Response
In response, Zhao expressed his frustrations on social media, criticizing Bloomberg's focus on negative commentary while ignoring positive feedback, thus distorting his and Binance's image.
Zhao's remarks highlight a broader issue in journalism: the tendency to prioritize sensationalism over balanced reporting.
He stressed that Bloomberg’s coverage lacked professionalism and fairness, which undermined his reputation and business.
Call for Ethical Reporting
The incident underscores the importance of journalistic ethics, especially in the rapidly evolving and often misunderstood cryptocurrency sector.
Accurate and fair reporting is crucial to maintain trust in financial institutions and blockchain technology developers.
Bloomberg’s apology serves as a reminder to all media outlets to uphold high ethical standards in their coverage.
Future Outlook
Bloomberg's commitment to preventing similar mistakes and efforts to rectify the situation are positive signs.
However, this episode serves as a critical reminder for the journalistic community to maintain honesty and impartiality, particularly in an era where information spreads quickly and widely.
Journalists play a vital role as gatekeepers of truth and accuracy, and their responsibility is paramount in ensuring informed public discourse.
#BinanceHODLerBANANA #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat
The apology was published in Bloomberg's 250th edition, signaling a commitment to correcting past mistakes and enhancing journalistic standards.
Lawsuit and Apology
Zhao had filed a lawsuit against Bloomberg after the story caused significant reputational damage, inciting “hate, scorn, and mockery” toward Binance and him.
Bloomberg's public apology marks a significant step towards rebuilding trust.
Additionally, Bloomberg has pledged a donation to Songzi’s Special Education Foundation, though the amount remains undisclosed, further acknowledging the harm done and showing a willingness to make amends.
Zhao's Response
In response, Zhao expressed his frustrations on social media, criticizing Bloomberg's focus on negative commentary while ignoring positive feedback, thus distorting his and Binance's image.
Zhao's remarks highlight a broader issue in journalism: the tendency to prioritize sensationalism over balanced reporting.
He stressed that Bloomberg’s coverage lacked professionalism and fairness, which undermined his reputation and business.
Call for Ethical Reporting
The incident underscores the importance of journalistic ethics, especially in the rapidly evolving and often misunderstood cryptocurrency sector.
Accurate and fair reporting is crucial to maintain trust in financial institutions and blockchain technology developers.
Bloomberg’s apology serves as a reminder to all media outlets to uphold high ethical standards in their coverage.
Future Outlook
Bloomberg's commitment to preventing similar mistakes and efforts to rectify the situation are positive signs.
However, this episode serves as a critical reminder for the journalistic community to maintain honesty and impartiality, particularly in an era where information spreads quickly and widely.
Journalists play a vital role as gatekeepers of truth and accuracy, and their responsibility is paramount in ensuring informed public discourse.
#BinanceHODLerBANANA #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #enofuagreat