#BTC100k: Bitcoin Hits Historic Milestone!

Bitcoin has shattered expectations, soaring to an all-time high of $100,000. This monumental achievement reflects growing institutional adoption, increasing demand, and a rapidly maturing crypto ecosystem.

As the world embraces decentralized finance, analysts predict the rally isn't over yet. Many forecasts point toward $150,000 by January 2025, fueled by heightened interest from global investors and limited BTC supply.

The #BTC100k milestone marks a new era in cryptocurrency, proving its resilience and value in a rapidly evolving financial landscape. Will we see #BTC150k soon? Stay tuned for the next chapter in Bitcoin's incredible journey!

Bitwise 10 Crypto Index Fund Makes Waves with NYSE Arca Filing

Bitwise Asset Management has taken a significant step by filing with NYSE Arca to list its 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP). This move underscores the growing maturity and integration of cryptocurrencies within traditional financial markets.

The Bitwise 10 Crypto Index Fund includes allocations across ten leading cryptocurrencies. As of October 31, 2024, the composition is:

Bitcoin (BTC) - 75.1%

Ethereum (ETH) - 16.5%

Solana (SOL) - 4.3%

XRP - 1.6%

Cardano (ADA) - 0.7%

Avalanche (AVAX) - 0.6%

Bitcoin Cash (BCH) - 0.4%

Chainlink (LINK) - 0.4%

Uniswap (UNI) - 0.3%

Polkadot (DOT) - 0.3%

This initiative reflects Bitwise’s vision to make cryptocurrencies more accessible to investors by leveraging the regulatory and structural advantages of ETPs. The fund’s transition to an ETP aims to offer efficient trading closely linked to the assets' net asset value, reducing premiums often associated with such products

Stay tuned for updates as Bitwise and NYSE Arca work towards integrating this fund into the broader investment landscape.

Source. --- Coin telegraph, Bitwise Investments, and Business Wire

#BitwiseFiles10ETFs
#BitwiseFiles10ETFa

$PEANUT 💥💥💥

#DOGSONBINANCE

TO ALL $DOGS holder congratulations

 

To deduce bullish or bearish from the market situation from the $DOGS price data in a 15-minute trading timeframe, let's analyze the situation step by step.

At the moment of writing this 27/8/2024 14UTC.  The EMA short (using 20 periods) price is $0.0012453, EMA long (using 55 periods) price is $0.0012544.  The RSI is 42, crossing price is $0.0012589 at the current trading price of $0.00123.

The short-term EMA is below the long-term EMA. This typically indicates a bearish trend, as it suggests that the more recent price action (captured by the 20-period EMA) is weaker compared to the longer-term trend (captured by the 55-period EMA).

The crossing price is the level where the short-term EMA and long-term EMA intersect. Here, the crossing price of $0.0012589 is higher than both the short-term and long-term EMAs, which indicates that the price has recently crossed below this level. This crossing often confirms a bearish trend or signals a potential downside movement.

The current trading price of $0.00123 is below both the short-term and long-term EMAs. This reinforces the bearish outlook, as the price is trading below key moving averages, which typically act as support levels.

The RSI is at 42, which is below the neutral level of 50. This indicates weak bullish momentum and suggests that the market is neither overbought nor oversold. However, being closer to 30 than 50, it leans slightly towards bearish sentiment.

 

Conclusion:

Bearish Signals: short-term ema below long-term ema indicates a bearish trend, current price below both emas suggests further downside potential, and crossing price being above current and ema levels also supports the bearish outlook.