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zunky
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The greatest mistake anyone can make now is to be on a short trade....be wise,
if you have not join long position, better late than never.
a word is sufficient for the wise
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BTC BULL MARKET VS BLACKROCK BlackRock has reached a new milestone in its Bitcoin holdings, with a total of over 400,000 BTC. Right now, the hedge fund's holdings are valued at around $26.98 billion, with a total of 403,725 BTC. This big accumulation comes as the asset management giant bought another 34,085 BTC over the past two weeks, which is estimated to be worth about $2.3 billion. The ongoing inflows into Bitcoin ETFs are helping BlackRock to grow its presence in the cryptocurrency market, making the firm a dominant force. This shows that more and more, Bitcoin ETFs are becoming a big way for institutions to own BTC. As the company increases its holdings, some people think that Bitcoin's future might change. Many are already projecting a sort of Bitcoin wars in the future, making dystopian predictions that BlackRock will eventually push for the fork of the original BTC chain and then promote its own forked chain as the real one, using all its massive resources to do so. It does not sound like something impossible, but in the current realm it seems more like a conspiracy theory. Such a rapid accumulation of Bitcoin has people wondering where BlackRock will draw the line in its pursuit of dominance in the cryptocurrency market. On the other hand, the financial behemoth faces challenges to its influence from other significant stakeholders in the Bitcoin space, including figures like Michael Saylor with MicroStrategy's Bitcoin holdings, mining entities, early adopters and millions of individual investors who form a large and decentralized market presence. Whether they will be able to present a solid opposition to BlackRock is another question.#BTCBreak71K #BTCETFDemandSurge
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ANALYST PREDICTS BITCOIN SURGE TO 109 BY DECEMBER 2024
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BYBIT SET TO EXIT FRANCE $BTC # Bybit, has announced the cessation of its operations in France due to increasing regulatory pressures from the Autorité des Marchés Financiers (AMF), the nation’s financial regulator. This move marks a significant shift for Bybit and its French clientele, signaling a critical juncture for the exchange. The restrictions imposed are notably stringent. Bybit has set all existing accounts to “close-only” status, prohibiting users from opening new positions or making purchases. This directive extends to the discontinuation of several services including One-click buy, peer-to-peer (P2P) transactions, spot dealing, and derivative trading. Additionally, the platform will no longer accept deposits, although transfers will still be permitted. More comprehensive measures will take effect on August 13, when Bybit plans to automatically close any remaining open accounts related to spot trading, trading bots, or derivatives. Furthermore, all associated card services will be terminated. Affected users are encouraged to submit help tickets for assistance regarding these impending changes. This regulatory tightening is not unique to Bybit; the broader French cryptocurrency market faces similar challenges. In a parallel development, Binance, another crypto heavyweight, experienced comparable issues. In December 2023, Changpeng Zhao, founder of Binance, stepped down from his role at Binance France following pressure from the AMF. These instances illustrate the increasingly regulated environment governing cryptocurrencies in France. Bybit’s decision to halt operations reflects a broader trend of regulatory scrutiny within the crypto industry, as authorities aim to establish more controlled and secure trading environments. This regulatory stance, while protective, poses significant operational hurdles for crypto exchanges operating within French jurisdictions # #BitcoinBeliever #BinanceEarnProgram #Write2Earn!
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BITCOIN MINING BECOMES EVEN MORE DIFFICULT AS PRICES FALLS.
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After so much bearish trend early yesterday, Bitcoin tried to surprise me with another bullish trend just before the end of the same day, it's really crazy but let's keep our fingers crossed, however this bullish trend has seen rejection 3 times between the range of 65,000 and 65,600 which makes that region a region to really note......what next should we expect?$BTC #BitcoinTherapist #bullrun2024📈📈 #BinanceEarnProgram #Write2Earn!
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