#AltcoinMomentum "BTC is breaking out! Momentum is buildin | Burton Mccally NGhy on Binance Square

Trending Articles

Bookmarked and Liked

Burton Mccally NGhy

--

#AltcoinMomentum 
"BTC is breaking out! Momentum is building, and the king of cryptos is taking center stage! Will we see a new ATH soon? Keep an eye on those charts! #BTC #momentum #cryptocurrency #TradingShot 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

30

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Burton Mccally NGhy

@Square-Creator-44f9e3faeffa

Explore More From Creator

$ETH Ethereum (ETH) has recently experienced notable activity across various trading pairs, influenced by significant market events. One major development is Bybit's substantial Ethereum buyback, where the exchange executed a purchase of 1.2 million ETH, injecting approximately $1.5 billion into the market. This action led to a 200% increase in trading volume for the ETH/USDT pair on Bybit within the first two hours. Concurrently, the ETH/BTC pair on Binance experienced a 150% surge in volume, with 50,000 ETH traded during the same period. citeturn0search0 Additionally, Ethereum reserves on centralized exchanges have dropped to a nine-year low, with current balances at 18.95 million ETH. This significant reduction in available ETH supply suggests a potential supply shock, which could influence price dynamics and trading volumes across various ETH pairs. citeturn0search2 These developments have collectively contributed to increased volatility and trading activity in Ethereum pairs, particularly ETH/USDT and ETH/BTC, as traders respond to shifting market conditions.

--

#VIRTUALWhale "Virtual Whale" in the context of finance and crypto likely refers to a large entity or investor that holds and moves significant amounts of cryptocurrency but operates digitally or anonymously. This could mean: 1. **Whale Trading Bots** – Automated algorithms that mimic the behavior of large investors to manipulate or influence market trends. 2. **Virtual Whale Funds** – Crypto funds or DAOs that pool assets from multiple investors to act as a collective "whale" in the market. 3. **NFT and Metaverse Whales** – Investors who hold large amounts of virtual assets, such as NFTs or metaverse real estate. 4. **Market Manipulation Strategies** – Techniques like wash trading, spoofing, or pump-and-dump schemes used by whales to influence crypto prices.

--

#cryptouniverseofficial "Crypto Universe" is a cryptocurrency platform established in 2017, operating under the registered company name Bitcoin Explore Limited (Company number 11188393). Initially focusing on cloud mining services, the company has expanded to offer a range of cryptocurrency investment opportunities. Their official website provides detailed information about their services and investment options. citeturn0search3 In addition to their website, Crypto Universe maintains an active presence on several social media platforms: - **Facebook**: Sharing updates and engaging with the community. citeturn0search0 - **YouTube**: Hosting their official channel with various content related to their services. citeturn0search2 - **Twitter**: Providing news and updates. citeturn0search4 - **Instagram**: Showcasing their cloud mining operations. citeturn0search8 For the latest insights and analyses, they also contribute to Binance Square. citeturn0search1 Please note that the cryptocurrency industry is dynamic and can involve significant risks. It's essential to conduct thorough research and exercise caution before engaging in any investments.

--

$LTC As of February 21, 2025, at 8:18 PM GMT, Litecoin (LTC) is trading at approximately $124.78 USD. financeturn0finance0 Please note that cryptocurrency prices are highly volatile and can change rapidly. For the most current information, consider checking real-time data on reputable cryptocurrency exchanges or financial platforms.

--

#GasFeeImpact Gas fees are essential charges required to perform transactions or execute smart contracts on blockchain networks like Ethereum. These fees serve multiple purposes, including compensating validators for their computational efforts and maintaining network security. However, gas fees can significantly impact user behavior, application development, and the broader adoption of blockchain technology. **Understanding Gas Fees** On the Ethereum network, gas fees are calculated based on the computational resources needed for a transaction. Users specify a gas limit (the maximum amount of gas they're willing to use) and a gas price (the amount they're willing to pay per unit of gas). The total fee is the product of these two values. High network demand can lead to increased gas prices, making transactions more expensive during peak periods. citeturn0search0 **Impact on User Behavior** Elevated gas fees can deter users from engaging in blockchain activities, especially for small or micro-transactions where fees might outweigh the transaction value. This scenario is evident in decentralized applications (dApps) and games, where high fees can discourage user participation and reduce overall engagement. citeturn0search2 **Influence on Application Development** Developers must consider gas fees when designing smart contracts and dApps. Complex contracts that require more computational power result in higher gas fees, which can make the application less attractive to users. To mitigate this, developers often seek more efficient coding practices or explore alternative blockchain networks with lower fees. citeturn0search1 **Broader Adoption Challenges** High and volatile gas fees pose a barrier to the widespread adoption of blockchain technology. They can make the network less accessible to users with limited resources and hinder the scalability of applications. Efforts to address these challenges include the development of Layer 2 solutions, which aim to reduce fees and improve transaction speeds.

--

Latest News

Ethereum Falls Below $2200 Amid Narrowing Gains

--

El Salvador Explores Tech Investment Opportunities With A16z Founders

--

Ethereum(ETH) Drops Below 2,200 USDT with a Narrowed 2.00% Increase in 24 Hours

--

Bitcoin Mining Platforms Approach Profitability Amid Price Increase

--

Ethereum ETF Experiences Significant Outflows Amid Market Volatility

--

Trending Articles

$TST RAMADAN RIDDLE RUSH [click here](https

Riaz Ahmed Tamim

The One Crypto Strategy I Regret Not Using Sooner ❌ If ther

$TRUMP Hi, I'm Javeria, and I'm here to

[JOIN FROM THIS LINK & WIN 10000](https://app.binance.com/un

New UPI rules.. Effective from April This is how to send money to bank what's changing?

Cookie Preferences

Cookie Preferences