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#Bitcoin❗ #btc70 Bitcoin$BTC is currently in a phase of consolidation near its all-time highs, hovering around $70,000. This might seem like a quiet period, but don't let the calm deceive you—history suggests we might be on the brink of significant action.# The Calm Before the Storm?The Bollinger Band Width Percentile (BBWP), a trusted volatility indicator, is at its lowest point since August 2023. Back then, Bitcoin's price skyrocketed by over 150% in just seven months. The BBWP measures the width of the 21-day Bollinger Bands, ranking the widths of the last 255 days into percentiles. Right now, the BBWP is at 0, indicating the lowest volatility we've seen in 255 trading days.# Why This MattersPeriods of low volatility often precede powerful price movements. With the BBWP at rock bottom, a surge in volatility might be imminent. Since May 1st, 2024, Bitcoin’s price has been trending upwards and has recently crossed above the 50-day EMA, showing clear momentum that could push prices to new all-time highs.# The Technical SetupCurrently, Bitcoin's price is within an upward channel, testing its lower bounds. Resistance has been met at $72,000, forming an ascending triangle with the channel's lower bounds. A break above this resistance could drive Bitcoin to unprecedented highs. However, a dip below the channel’s support at around $69,000 might signal a bearish reversal. The Big Picture The potential for Bitcoin to break into new heights is electrifying. The prospect of riding the next big wave is hard to resist, especially given Bitcoin’s history of proven results following periods of consolidation.This is a critical juncture. The current low volatility might seem like a lull, but it’s a crucial indicator to watch. Whether the price surges or plummets, the data-driven nature of the BBWP offers a concrete basis for anticipating Bitcoin’s next big move.Whether you’re driven by the thrill of new opportunities or a keen analytical eye for market patterns, I'd love to hear your thoughts.
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#Cryptoscam #NFT #BoredApeYachtClub Three UK nationals, Mohamed-Amin Atcha, Mohamed Rilaz Waleedh, and Daood Hassan, have been charged with conspiracy to commit wire fraud and money laundering in connection with the 'Evolved Apes' NFT scam. They allegedly promoted the NFTs with false promises of developing a related video game, collected funds from buyers, then abandoned the project and pocketed the proceeds. The FBI and the U.S. Attorney for the Southern District of New York announced the charges, emphasizing the seriousness of defrauding investors in the digital art space.
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#BinanceSquareFamily #CZBİNANCE #StablecoinSafety #Europe $USDC $FDUSD $BTC Binance, the leading cryptocurrency exchange by trading volume, announced it will soon limit the availability of certain stablecoins in the EU. This move is in response to the EU's upcoming Markets in Crypto-Assets Regulation (MiCA), which takes effect at the end of June. Under the new rules, only stablecoins issued by regulated companies will be available, meaning many existing stablecoins may face restrictions. Binance will allow users to convert holdings in these "unregulated" stablecoins to other digital assets or fiat currency. From June 30, purchasing these stablecoins in Europe will no longer be possible. This regulatory shift comes as Binance's new CEO, Richard Teng, aims to improve the company's regulatory compliance following the sentencing of former CEO Changpeng Zhao. What are your thoughts ?
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#Bitcoin❗ #marketcap When do you think the market cap of $BTC will exceed the market cap of Gold? The market cap of BTC was 8.3 Billion 10 years ago, 191 Billion 5 years ago, and 1.34 Trillion today. The market cap of Gold was 7 Trillion 10 years ago, 8 Trillion 5 years ago, and 15.9 Trillion today. In the past ten years BTC market cap has gone up by 160x, and in the same time that Gold has only doubled (2.27x). Obviously there is no guarantee that BTC will continue to rise like this and also no guarantee that Gold will continue to be a mediocre asset. When do you think that all the digital gold in the world will be worth more than all the physical gold, or do you think that isn't going to happen. If you share your reasoning I'd be interested to see it.
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#CryptoNewsCommunity #btc70k #peer-to-peer Mastercard is launching a peer-to-peer platform for cryptocurrency users in Europe and Latin America. The Mastercard Crypto Credential network, which is in pilot mode, supports transactions on Bit2Me, Lirium and Mercado Bitcoin exchanges, enabling cross-border payments across the Atlantic, Mastercard said Wednesday in a statement. The P2P platform’s rollout forms part of the payments company's push to leverage digital assets for cross-border payments, a growing payments services sector. “As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks,” Walter Pimenta, executive vice president of product and engineering for Latin America and the Caribbean at Mastercard, said in a statement. Users of the P2P network will also be able to use Mastercard Crypto Credential aliases for their transactions. The aliases, which are short-hand labels for crypto wallets, are vanity addresses much like those offered by the Ethereum Name Service ($ENS ) on the Ethereum network. The wallet labeling feature will facilitate cross-border payments, helping Mastercard capture market share in the fast-growing remittances services sector, which is at the heart of the company's crypto push, according to Mastercard. According to data cited by the United Nations International Organization for Migrations, migrants sent an estimated $831 billion in remittances worldwide in 2022, up roughly 16% from the $717 billion sent in 2020. Source : thebloc . co
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