Bitcoin Halving and Its Potential Effects on the Market
The #Bitcoin halving is a critical event in the Bitcoin network. This event occurs every 210,000 blocks, approximately every four years, and halves the rate at which new Bitcoins are created. This is an important part of Bitcoin's deflationary economic model.
The Bitcoin network verifies transactions and creates new blocks through a process called mining. In this process, miners solve complex mathematical problems and in return receive new Bitcoins, or "block rewards".
BlackRock's Bitcoin Spot ETF Application: Crypto Market Before and After the Approval Process
The Bitcoin spot ETF (Exchange Traded Fund) application by BlackRock could be an important turning point in the crypto market. It is important to examine possible situations that may occur in the crypto market before and after the approval process of this application.
Before Approval Process
Uncertainty: BlackRock's application for a Bitcoin spot ETF could create uncertainty in the market. Uncertainty about whether the application will be approved may bring volatility to Bitcoin prices.
November 21, 2023 was a historical turning point for #Binance . What happened on this date is still at the top of the cryptocurrency market, even in an environment full of market uncertainties and speculations.
According to DefiLlama data, Binance's USD inflows have been approximately $155 million since CEO @_RichardTeng took office, and have exceeded $2 billion since the beginning of the month, more than the total of other exchanges.
In the light of this data, the question arises whether the events and the speculations in the markets are compatible with the real financial performance or are they market manipulation?
Strengthening investor confidence and position in the market, despite challenging market conditions and legal obstacles; It shows that market dynamics and investor perception are resistant to speculation and temporary crises.
The factors that create FUD in the cryptocurrency markets are ending one by one. I have some questions that I sincerely want you to ask yourself: How will the crypto industry adapt to this new era and how will these changes affect the future of the industry?
As a result of the recent developments, Binance's agreement with the USA was an important step towards solving some of the fundamental problems that the cryptocurrency industry has been facing for a long time. Therefore, it is clear that the future of cryptocurrencies will now depend on greater regulatory oversight and transparency. These developments are also important for the sector to mature and become more accepted in the mainstream finance world.
If I had to give an example; The funds I lost due to the hacking of MtGox, one of the largest stock exchanges of the time, in 2014; The fact that I now know that I will have access after a long legal process that was painful for me has restored my lost trust in the sector. Likewise, FTX victims will be able to receive their funds in the near future.
Additionally, there is an ETF issue that has been on our agenda in recent weeks and is still unclear. You know that following developments on the basis of Binance, the likelihood of cryptocurrency ETFs being approved has increased, and in the scenario where they are approved, this will lead to the adoption of the new asset class by a wide range of investors, and cryptocurrency markets will be integrated into the broader financial ecosystem and stabilized.
Finally, if I had to summarize; As FUDs fade away, the industry will mature and cryptocurrency markets will be ready to gain more foothold in the world of traditional finance.
The Effects of Restricting Financial Freedoms and the Role of Cryptocurrencies
Restricting financial freedoms can have major implications for both individuals and societies. Many negative consequences may arise, such as slowing economic growth, lack of investment, political tensions, the rise of the black economy, and limiting the freedoms of individuals. Especially in periods when such restrictions increase, the role of cryptocurrencies may emerge as a balancing factor for these negative effects.
The decentralized and global structure of cryptocurrencies can be considered as an alternative in cases where financial freedoms are limited. But this depends on how governments approach cryptocurrencies. Some states may view the uncontrollable nature of cryptocurrencies as a threat and ban or impose strict regulations on these currencies. However, such bans and restrictions may not be fully effective due to the nature of cryptocurrencies.
$BTC Bonfire has been lit. Those who are late will be punished.
LIVE
HalilXBT
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What I mean by $BTC whales; It is a known fact that stock markets are the biggest whales. Naturally, the stock exchanges seem to have placed sales themselves.
Now, in one go, they bring the market to the 30500 region, which everyone was waiting for but never came. See after the festival
What I mean by $BTC whales; It is a known fact that stock markets are the biggest whales. Naturally, the stock exchanges seem to have placed sales themselves.
Now, in one go, they bring the market to the 30500 region, which everyone was waiting for but never came. See after the festival
#Bitcoin The channel cleared internal liquidity. I had previously targeted the red key zone after the swing move, but the price could not hold up there and tested the lower low level. Now I expect these liquidity received to take the price at least to this region.
$BTC They have been moving the price from the futures side for a while now. The spot side is constantly on sale. NEGATIVE
Note: Do not take buy or sell transactions based on these metrics. I am sharing it with you just to provide additional confirmation. Please note that these metrics can be misleading.
LIVE
HalilXBT
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Bearish
$BTC Spot side has become a seller again. The majority of spot sales are on binance
came from. Coinbase is on the collecting side.
Do not take buy or sell transactions based on these metrics. I am sharing it with you just to provide additional confirmation. Please note that these metrics can be misleading.