There is no limit on the amount of withdrawals, but the number of withdrawals is only once per day. The number of withdrawals per day is reset according to the server time at the bottom of the website when it changes🔌📞
Congratulations on receiving 34.92347 XRP . It has been deposited into your account balance and can be viewed on the dashboard🎯🎯🎯🎯🎯
Focus was also on the halving event, which appeared imminent, and what its effects would be on the long-term supply of Bitcoin.Bitcoin fell 3.3% to $61,767.3 in the past 24 hours by 00:46 ET (04:46 GMT). Bitcoin halving in focus; near-term gains uncertain
Focus was now squarely on the halving event, which is set to take place with the generation of block no. 840,000 on the Bitcoin blockchain. Less than 300 blocks were left to reach the block, with the halving set to take place by April 20.
The event will reduce the pace at which new Bitcoin is mined by effectively halving rewards for miners.
Bitcoin halving in focus; near-term gains uncertain
Focus was now squarely on the halving event, which is set to take place with the generation of block no. 840,000 on the Bitcoin blockchain. Less than 300 blocks were left to reach the block, with the halving set to take place by April 20.
But while the token has appreciated sharply over the past 12 years, there appeared to be few direct links between the past three halving events and immediate price gains in Bitcoin.External factors- such as interest rates and risk appetite- appeared to have played a bigger role in Bitcoin’s price trajectory, especially given its tendency to track U.S. technology stocks.
Crypto price today: Rate jitters persist
Broader cryptocurrency prices saw sustained losses as traders further dialed back expectations for a June interest rate cut by the Federal Reserve. This came in the wake of strong inflation data and hawkish signals from Fed officials.
Crypto prices took little advantage of a mild pullback in the dollar, as traders locked-in profits at 5-1/2-month highs in the greenback.
No. 2 crypto Ethereum fell 3.3% to $3,009.41, while Solana and XRP lost 5% and 0.1%, respectively. Gains in the crypto space this year have been biased largely towards Bitcoin, after the approval of the spot ETFs. Bitcoin accounts for over 55% of overall value in the crypto market.
Non-custodial staking service P2P.org plans to go live with a new restaking product designed for institutional clients, leveraging the SSV Network and EigenLayer technology, Investing.com has learned. This approach uses Distributed Validator Technology (DVT) to offer decentralized restaking options within the Ethereum ecosystem.The restaking product offers an annual percentage yield (APY) of over 5.6%, which enables users to benefit from the rewards associated with securing Ethereum and layer2 blockchain networks.
By integrating SSV’s DVT with EigenLayer's restaking technology, P2P.org simplifies the participation process for institutions in the cryptocurrency staking space without adding operational complexity or risk. The new product also helps platforms such as exchanges, wallet providers, and custodians incorporate staking and decentralized finance (DeFi) services into their offerings. P2P.org says it currently manages over 1 million staked ether (ETH) and has exceeded a total value locked (TVL) of $7.4 billion.Staking lets cryptocurrency investors earn passive income by putting their holdings to work, without having to sell them. Institutional staking works the same way, but on a much larger scale. There are two types of staking providers: non-custodial, where investors keep control of their crypto, and custodial, where the provider holds the crypto on behalf of the investorMatrixport, a Hong Kong-based financial services provider specializing in crypto products, is the first major client to adopt P2P.org’s DVT-powered restaking service. This collaboration allows their institutional clients to generate yields through a user-friendly interface that supports compliant decentralized staking practicesJonathan Tse, Head of Treasury at Matrixport, commented on the launch, stating, "It's intriguing to observe Ethereum's shift towards a more collaborative model for node operators, aiming for equal rewards for all stakers. The rapid evolution of technology continually introduces new solutions to address emerging challenges
Ethereum price is consolidating near the $3,000 zone. ETH could start a decent recovery wave if it clears the $3,100 and $3,200 resistance levels. Ethereum is struggling to recover above the $3,100 resistance zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $3,035 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if it stays below the $3,100 resistance zone. Ethereum Price Holds Ground Ethereum price slowly moved lower after it failed to clear the $3,200 resistance zone. ETH remained in a bearish zone below $3,100 and showed bearish signs, like Bitcoin. Recently, the bears were able to push the price below the $3,000 support zone. However, the bulls were active near the 50% Fib retracement level of the upward wave from the $2,535 swing low to the $3,279 high. Ethereum is now trading below $3,120 and the 100-hourly Simple Moving Average. Immediate resistance is near the $3,030 level. There is also a major bearish trend line forming with resistance at $3,035 on the hourly chart of ETH/USD. The first major resistance is near the $3,100 level and the 100-hourly Simple Moving Average. Source: ETHUSD on TradingView.com The next key resistance sits at $3,200, above which the price might rise toward the $3,280 level. A close above the $3,280 resistance could send the price toward the $3,500 pivot level. If there is a move above the $3,500 resistance, Ethereum could even climb toward the $3,650 resistance in the coming sessions. More Losses In ETH? If Ethereum fails to clear the $3,100 resistance, it could start another decline. Initial support on the downside is near the $3,000 level. The first major support is near the $2,900 zone. The next key support could be the $2,820 zone or the 61.8% Fib retracement level of the upward wave from the $2,535 swing low to the $3,279 high. A clear move below the $2,820 support might send the price toward $2,600. Any more losses might send the price toward the $2,550 level in the near term0
Bitcoin’s Supply on Exchanges Could Run Out in Nine Months, With $BTC Set to Become Twice as Rare as Gold.. The flagship cryptocurrency Bitcoin ($BTC ) could soon see a significant surge after the available supply on centralized cryptocurrency exchanges potentially runs out, while it’s set to become twice as rare as gold after its upcoming halving event.
According to a report published by popular cryptocurrency exchange Bybit, the upcoming halving event will potentially lead to a short squeeze as there are only nine months left before the total supply of Bitcoin on these centralized exchanges is depleted.
The report details that there are only 2 million BTC left on cryptocurrency exchanges and, assuming a daily inflow of $500 million from spot Bitcoin exchange-traded funds (ETFs), around 7,142 BTC will be leaving exchange reserves on a daily basis. It adds:......Bitcoin’s halving event will reduce the coinbase reward miners receive per block found, from 6.25 BTC to 3.125 BTC, effectively cutting in half the supply of newly minted Bitcoin entering the market.
Per Bybit’s report, Bitcoin’s stock-to-flow is currently around 56, while gold’s is 60. After the upcoming halving event, expected later this month, Bitcoin’s stock-to-flow ratio will double to 112.
As CryptoGlobe reported Julio Moreno, Head of Research at cryptocurrency analytics firm CryptoQuant, recently said demand for the flagship cryptocurrency “has become more important than supply” and, according to the firm’s data, demand for BTC from permanent holders has for the first time ever outpaced issuance. #Write2Earnhashtag
NEW YORK (Reuters) - Foreign holdings of U.S. Treasuries surged to a record in February, its fifth straight monthly rise, Treasury Department data released on Wednesday showed.
Holdings totaled $7.965 trillion, up from a revised $7.945 trillion in January. Treasuries owned by foreigners rose 8.7% from a year earlier.Holdings of Treasuries grew the most in Belgium, by $27 billion, to hit $320 billion. Japan, the largest non-U.S. holder of Treasuries, increased its U.S. government debt to $1.167 trillion, the largest since August 2022 when the country's holdings were at $1.196 trillionInvestors have been alert to the threat of Japanese intervention in the currency market to boost the yen, which plunged to a 34-year low of 154.79 per dollar on TuesdayThe Bank of Japan intervened three times in 2022, selling the dollar to buy yen, first in September and again in October as the yen slid toward a 32-year low of 152 to the dollarOverall, net foreign acquisitions of long- and short-term securities, as well as banking flows, showed a net inflow of $51.6 billion in February, up from outflows of $30.8 billion the previous month, Treasury data showed. #Write2Earnhashtag