Looks like #BTC is going down

The 50-day MA will soon cross the 200-day MA. Are we selling?

#BTC ends September with record growth for this month

After a successful September, the last three months of the year were also positive for #Bitcoin.

$BTC flights

Bitcoin went up sharply. Buy or sell?

$BTC is growing rapidly today ahead of the Fed meeting

The bitcoin rate has crossed $59,000 and is approaching $60,000, which is a positive signal against the background of the fact that gold and the dollar fell a little, on the contrary, went down.

Markets are currently awaiting a decision from the Fed, which will announce a rate cut of 50 basis points or 25 basis points.

Should I buy #BTC now?

Hourly candles are displayed on the chart.

💪MicroStrategy is raising additional funds to purchase #BTC

The company plans to sell an additional $700 million in convertible senior bonds to buy back debt and buy more bitcoins.

This is part of the company's strategy, which has been actively accumulating bitcoins since 2020.

MicroStrategy already owns 1.17% of the total BTC supply, and between August 6 and September 12 of this year, the company purchased 18,300 BTC worth approximately $1.11 billion.

👍Unblocking of UNI tokens has been completed, but in fact 25% are in circulation

Tokens have been locked for 4 years. Early investors and the community received 83%.

👉430 million UNI were distributed to the community, but only 30 million hit the market. The rest are kept in cold wallets.

😎Currently, only 258 million UNI are in circulation, which is 25% of the total issue.

📉Bitcoin's fall to $58,000 is associated with the upcoming Fed meeting

On September 18, Wednesday, the Federal Reserve System will announce a rate cut. No one doubts this anymore, but the chances of a sharper decline of 50 points have increased and uncertainty reigns in the market at the moment.

Forecast:
👉50p — 59%
👉25p — 41%

Bannockburn Global Forex Chief Market Strategist Mark Chandler noted that this is a rare occurrence.

🧐Historically, the cryptocurrency market reacted positively to the weakening of the Fed's monetary policy. However, Chandler noted that a sharp rate cut could have a negative impact on risky assets such as bitcoin, as the regulator's actions would then signal panic and that the rate should have been cut earlier.

📈 Лідери ринку за останні 7 днів

Якщо брати перші 50 криптовалют за капіталізацією, то картина минулого тижня виглядає так:

Bittensor TAO +19%
SUI +18%
FET +18%
Injective INJ +15%
Kaspa KAS +15%
TON +13%



👀Біткоїн за останні 7 днів зріс на 7%.

Три монети, як і впали найбільше:
Aptos APT -4%
TRON TRX -3%
Cardano ADA -1%

🤔ETH falls 6% amid a wave of FUD on social media

The price of Ethereum fell by 6% in the last 24 hours, from $2,425 on September 15th to $2,260 on September 16th. The asset temporarily dipped below $2,200 during flash crashes on August 5 and September 7 and has now returned to levels not seen since January.
Overall, the crypto market was down 4.5%, with ETH suffering the biggest losses. There was a wave of negative news about Ethereum, which increased the pressure on the price of the asset.

Also, according to data from Binance, ETH vs. Bitcoin fell below 0.04, hitting a new low since April 20, 2021 at 0.03985.

👀News on #BTC. Yesterday there were several signals:

👍#BlackRock: "Bitcoin can protect against declining trust in governments, banks and fiat currencies."

😻Robert Kiyosaki: "Stop saving dollars, fake money.... and start saving gold, silver and bitcoins... real money."
😍Reserves of the largest#BTCMarathon miner reached record highs.

#MicroStrategybought $1 billion worth of bitcoins.

The result:#BTCETFinflows totaled $263m — a weeks high. The price of bitcoin increased to $60 thousand.

👀Bitcoin-whales became more active on the eve of the release of inflation data in the USA

According to IntoTheBlock, the number of large transactions (at least $100,000) increased from 12,560 to 16,240 during September 7-9.
Whales became more active as#BTCfell to $54k. During the week, holders moved more than $70 billion.
Expectation

Analysts expect inflation in the US (US CPI) to be at the level of 2.6% (the previous level was 2.9%).

🧐If there is such a result or lower, then the market should consider it as a signal for a mild reduction in the key rates of the Fed, which will have a positive effect on the crypto market.

The US CPI report is scheduled for September 11.

👀The migration of MATIC to POL starts today

Specific terms for migration have not been determined.

For owners of MATIC in the Polygon network, the transition will occur automatically. However, those holding assets on Ethereum or various centralized exchanges will need to follow certain migration procedures.

Stakers who sent their MATIC to Ethereum will be able to automatically switch to POL or opt out.

👀The number of bitcoins on exchanges continues to decrease to record levels

This is happening against the background of testing the psychological mark of $60-61 thousand. Analysts believe that this is a positive sign, since the supply of #BTC on the exchanges is decreasing.

Coin volume is down nearly 13% year-to-date and currently stands at 2.62 million #BTC across all major cryptocurrency exchanges.

#DOGS rises after listing

+30% in the last day despite the general correction of the market. One of the key factors behind the growth of#DOGSis the active and large community on Telegram, which already has more than 50 million users and thanks to which the influence and reach of the token is constantly increasing.

👀Binance supported rebranding of token #matic on #POL

The crypto exchange will delete all trading pairs from #matic and accordingly replace them with the new ticker #POL. It will take place on September 10-13.
MATIC deposits will be unavailable, assets will be converted to POL on a 1 to 1 basis.

It was previously reported that#Polygonwill migrate MATIC tokens to POL. The new token will preserve MATIC's Tokenomics, Allocation and Total Offering.


For owners of MATIC in the Polygon network, the transition will occur automatically. However, those holding assets on Ethereum or various centralized exchanges will need to follow certain migration procedures.

Stakers who sent their MATIC to Ethereum will be able to automatically switch to POL or opt out.

👀The TON blockchain crashed overnight

The network could not withstand the overload, probably due to the DOGS airdrop. The blockchain did not produce blocks for several hours.

The company explained the reason: several validators cannot clean the database of old transactions.

In the morning, the situation was already corrected. TON is working again.

👀In L2 networks on Ethereum, the number of failed transactions has increased dramatically

Since Dencun's update in March, bot activity has increased amid low fees and an overall increase in transactions, according to Galaxy Research analyst Christine Kim.

"Most failed transactions are recorded at addresses with high activity, probably bots," reports Kim.

According to the study, the number of failed transactions in Base reached 21%, in Arbitrum - up to 15.4%, and in OP - up to 10.4%.

👀Sony launches its own blockchain

Soneium is an L2 network on Ethereum that was developed with Astar Network. The mainnet will be available in the coming weeks.

The blockchain will use the OP Stack technology, which allows developers to build their own networks. Sony followed suit with Coinbase and Worldcoin, which also use OP Stack.

After launch, Soneium plans to implement Web3 applications in various industries, including entertainment, gaming and finance.

In particular, Sony said that in the future Soneium will be used to protect rights to content created by creators, as well as to implement new mechanisms for fair distribution of profits between creators and their fans.

👀Bitcoin demand has fallen - CryptoQuant

According to analysts, demand growth for BTC remains low and even negative for the past few weeks.

As can be seen in the graph, the demand has decreased significantly since the beginning of April, when Bitcoin was trading at the level of $70 thousand.

👀The staking protocol #BTC #Babylon started and sharply raised commissions in the network

On August 22, transaction fees on the Bitcoin network reached over $105 per transfer, but an hour later, fees dropped to $53 per transaction. This jump was caused by BTC holders rushing to place their coins for staking on the Babylon platform, which went live today.