The crypto tends to increase in volatility into upside moves and decrease in volatility into downside moves Bitcoin has plunged in value this month. But is hasn’t declined as much as Ethereum and Solana. Bitcoin is negatively correlated to rate changes and dollar strength
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Bitcoin Image generated with Dall-e 3 Jun 25, 2024
Bitcoin is Crashing—Will it Rebound? By:Nick Battista
The crypto tends to increase in volatility into upside moves and decrease in volatility into downside moves Bitcoin has plunged in value this month. But is hasn’t declined as much as Ethereum and Solana. Bitcoin is negatively correlated to rate changes and dollar strength. Bitcoin (BTN) has seen significant downside over the month of June, hitting highs near $72,000 with lows trading in the $59,000 handle. Bitcoin tends to be the leader of the pack—as seen in comparison to Ethereum (ETH) and Solana (SOL), which have seen greater downside moves over the last month.
Crypto market update Bitcoin has an interesting volatility skew. It tends to increase in volatility into upside moves and decrease in volatility into downside moves. This is contrary to most asset classes. The S&P 500, for example, sees downside put skew. As prices go down, volatility in SPY tends to increase, meaning future price movements are expected to be greater. That’s why the expected move in Bitcoin seems relatively small—volatility is near historical lows. For context, 2021 saw highs in implied volatility north of 140%, contributing to this upside potential "asymmetric" returns associated with Bitcoin.
What's driving the Bitcoin weakness? Risk on assets like stocks or crypto tend to be liquidity-driven and tend to move in a correlated fashion. Over the last month, we've seen expectations for future rate cuts decrease, and the strength in the dollar increase as a result. Without binary catalysts like earnings or business cycles, Bitcoin has remained much more negatively correlated to
Binance is launching the next round of "Binance Learn & Earn", where users can gain knowledge on blockchain and earn free crypto by completing courses and quizzes.
All KYC-verified users will be eligible to participate in this round of "Binance Learn & Earn". Eligible users will stand a chance to receive a predetermined amount of CYBER or tokens from other projects, depending on the course or quiz they complete.
Qualified users can begin to read the articles and watch the video(s) anytime from now and complete quizzes while token supplies last. Do note that each course can only be completed once, and every user qualifies for a maximum of one reward per completed course. $BNB
Here are some ways to safely make money from cryptocurrencies on sites like Binance:
1. Buy and Hold (HODL): One of the simplest strategies is to buy cryptocurrencies that you believe in and hold onto them for the long term. This strategy involves buying and holding onto a cryptocurrency with the expectation that its value will increase over time.
2. Trading: Trading involves buying and selling cryptocurrencies in order to profit from short-term price fluctuations. This can be done manually or through automated trading bots. It is important to have a solid understanding of technical analysis and market trends before engaging in trading.
3. Staking: Some cryptocurrencies allow you to earn rewards by staking your coins in a wallet or on a platform. Staking involves holding a certain amount of a cryptocurrency in a wallet to support the network and earn rewards in return.
4. Yield Farming: Yield farming involves providing liquidity to decentralized finance (DeFi) platforms in exchange for rewards. This can be a lucrative way to earn passive income, but it also comes with risks such as smart contract vulnerabilities and impermanent loss.
5. Participating in Initial Coin Offerings (ICOs) or Initial Exchange Offerings (IEOs): Investing in new cryptocurrency projects through ICOs or IEOs can be a high-risk, high-reward strategy. It is important to thoroughly research the project and team before investing.
6. Arbitrage: Arbitrage involves buying a cryptocurrency on one exchange at a lower price and selling it on another exchange at a higher price to profit from the price difference. This strategy requires quick execution and monitoring of multiple exchanges.
It is important to do thorough research, diversify your investments, and only invest what you can afford to lose when trading or investing in cryptocurrencies. Additionally, make sure to use secure platforms like Binance and enable two-factor authentication to protect your funds.
#BNB #BNBAnalysis Purchase on a cryptocurrency exchange: You can buy BNB using other cryptocurrencies or fiat currencies on exchanges that support BNB trading. Binance itself is a popular exchange where you can buy BNB. Participate in airdrops or giveaways: Occasionally, blockchain projects or exchanges may conduct airdrops or giveaways of BNB. These events often have specific requirements, such as holding a certain amount of a particular cryptocurrency or completing specific tasks. Keep an eye on reputable cryptocurrency news sources and social media channels for potential opportunities. Earn through Binance referral program: Binance has a referral program that allows users to earn commissions in BNB by inviting others to join and trade on the platform. By sharing your referral link and having people sign up using your link, you can earn a percentage of their trading fees as BNB. Participate in Binance Launchpad token sales: Binance Launchpad occasionally conducts token sales for new projects. By participating in these sales, you can purchase new tokens using BNB. However, this method requires you to have BNB initially.
Remember, while it's possible to obtain BNB for free through promotions or airdrops, such opportunities are rare and often come with certain requirements or limitations. Exercise caution when engaging in any cryptocurrency-related activities and ensure you are dealing with reputable sources to avoid scams or fraudulent schemes.
Binance is offering a $3 reward of $DEXE and $EIGEN by simply learning something new, but the twist is that the assets are locked and won’t be accessible for 150 days.
While it might take a while to get your hands on it, it could still be a great opportunity to gain more knowledge about the crypto world! #BinanceAlphaAlert
🚨🚨Lost $12k in One Trade—Here’s the Savage Truth About Chasing Profits!
Why You Should Never Make These Mistakes Lost $12k in Futures Trading: The Hard Lessons That Changed Everything Greed Is a Trap I thought I had control, but greed clouded my judgment. It led to impulsive decisions and huge losses. The real lesson: discipline and clear goals are EVERYTHING. 💵 Money Isn’t Everything Losing $12k hit hard, but it shifted my perspective. Money can always be earned back, but time, health, and relationships are irreplaceable. Focus on what truly matters. Stick to 🟠 Bitcoin, Not Altcoins! If I had just focused on Bitcoin, I could have tripled my portfolio. Chasing risky altcoins and futures trades was a mistake. Patience and consistency win in the long run! 📈 You Can’t Predict the Market I thought I could outsmart the market, but the reality is: no one can predict it. Even the best traders are working with probabilities, not certainties. Embrace the uncertainty. 🔥 Losing $12k was painful, but it taught me priceless lessons that will shape my future. Time to bounce back stronger and smarter! 💥 Take part in the @Kaia Chain hashtag campaign which could potentially skyrocket your portfolio by 2025.
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#BTCOutlook Bitcoin reacted positively to the approval of Bitcoin ETFs in January 2024. The halving event on April 19, 2024, reduced the block mining reward by half, from 6.25 BTC per mined block to 3.125 BTC per mined block. Despite the significance of this event, it occurred with little fanfare, and Bitcoin’s price remained relatively stable at around $64,000 at that time.
After its peak in March, Bitcoin saw a period of ups and downs, with lower highs due to economic pressures. It had brief rallies in late May and early June, reaching $71,000, fueled by renewed interest from larger investors. However, much of the year was marked by sideways movement, as rising living costs and cautious spending limited cryptocurrency investments.
Bitcoin got a boost in September when the Federal Reserve cut interest rates for the first time since the COVID-19 pandemic. This pushed Bitcoin back above $60,000, briefly hitting $62,350. In November, Bitcoin flew past its previous ATH of nearly $69,000 in November 2021, driven by excitement around the US presidential election and growing confidence in the crypto market.
The electoral victory of Donald Trump, who branded himself as the crypto-friendly candidate in the US presidential electoral race, pushed the Bitcoin price to new ATHs in November, with multiple successive all-time highs hit. On December 4, 2024, it passed the $100,000 mark for the first time in its 15-year history and has since hit a new all-time high of $108,282.00. #BTC
#MarketPullback With a space this young and this volatile, any serious predictions just a week out are fun bar talk at best. No one knows, except maybe whales who are in control. So now that you know it's all nonsense, here is mine:
I wrote an answer previously about Bitcoins low and there I predicted the low support was 9,500. Naturally, the way Bitcoin responds to every one of my predictions, it dipped just under it, to a brief low of 9,300 ish. It quickly rebounded to 9,500 and above and hovers there now. So assuming my fundamentals were correct there, my next bar prediction is that we are going to test new lows which Bitcoin will not tolerate. It's going to jump around, as being pushed under 9,5 stresses it and causes it to jump up, but pressure will try to keep it down again. Dont expect 9k, the buy in option would look to sweet there, imo. Instead, I expect more volatility and traps. This is good news, though. This kind of action likely means a solid run up is on the rise. Bitcoin usually outdoes itself on a run up, and last run saw it to 13k. I am looking for 15 soon. I am hoping a month put, but you have to guess week by week. This week, I expect normal bounce between 9,5 and 10,5. Now is probably a good time to buy.
If Im wrong it will collapse to 8k. I'm easily wrong at this stuff, but I think Bitcoin seeing 8k is not so easily done. Good luck!
$BTC The current state of Bitcoin can be characterized as volatile and uncertain. Like most cryptocurrencies, Bitcoin has experienced significant fluctuations in value over the past few months, reaching record highs and then experiencing sharp declines.
As for whether Bitcoin will recover from its recent decline, it's difficult to predict with certainty, but many experts and investors believe that Bitcoin has strong long-term potential. The underlying technology of Bitcoin, known as blockchain, has the potential to revolutionize a wide range of industries, from finance to healthcare.
However, the cryptocurrency market is notoriously volatile and subject to a variety of factors, including government regulations, adoption rates, and global economic conditions. So while many believe that Bitcoin will eventually recover from its recent decline, there is always a risk that the market could go in a different direction.
Ultimately, it's important to remember that investing in Bitcoin or any other cryptocurrency carries significant risks and should be approached with caution. Never invest more than you can afford to lose, and always do your own research before making any investment decisions.
#BNB Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, and it can help users start making money in several ways:
Trading: Binance is one of the largest and most popular cryptocurrency exchanges, and trading cryptocurrencies on the platform can provide opportunities for profit through buying and selling at the right time. Staking: Binance offers a staking program for several cryptocurrencies, including BNB, which allows users to earn rewards for holding and staking their tokens. Binance Launchpad: Binance Launchpad is a platform for launching new blockchain projects, and participating in token sales on Launchpad can provide opportunities for profit if the project is successful. Binance Earn: Binance Earn is a feature that allows users to earn interest or staking rewards on their cryptocurrency holdings, including BNB. Binance Smart Chain: Binance Smart Chain is a blockchain platform that allows for the creation of decentralized applications (dapps) and smart contracts. Developers can build and launch dapps on the platform, which can provide opportunities for profit if the dapp is successful. It's important to note that investing in cryptocurrencies like BNB can be risky and volatile, and there are no guarantees of profit. It's important to do your own research and understand the risks involved before investing any money. Additionally, it's always a good idea to diversify your investments and not allocate too much of your portfolio to any single asset or investment product.
🚨 BLUM Price Leak and Exciting Listing Announcement!
Get ready for an exciting milestone! The long-awaited BLUM listing is just around the corner, and anticipation is reaching new heights. With a price of 1 BLUM = 0.00710, this project is poised to make waves in the cryptocurrency market. BLUM has quickly gained recognition as a prominent project with one of the lowest inflation rates in the ecosystem. This unique feature positions it for exceptional profitability, offering early adopters a golden opportunity to capitalize on its growth potential.
As BLUM gears up for its big launch, it’s essential to stay vigilant and ensure smooth participation in the project. Proper management of tokens and assets will ensure a seamless experience, allowing you to benefit from this next-generation initiative. BLUM isn’t just another token—it’s shaping up to be a transformative force in the crypto landscape.
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@BounceBit ($BB ): The Future of CeDeFi
Let’s talk about another groundbreaking innovation: BounceBit ($BB). A revolutionary CeDeFi (Centralized-Decentralized Finance) protocol, BounceBit combines the robust security of Bitcoin’s protocol with the efficiency of Proof-of-Stake (PoS) consensus. Operating as a fully independent Layer 1 blockchain, BounceBit delivers unparalleled security while ensuring interoperability with EVM-compatible chains.
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What Makes BounceBit Unique?
BounceBit is not your average blockchain solution—it’s a sophisticated protocol designed to unlock the untapped potential of Bitcoin assets. By integrating centralized and decentralized financial elements, BounceBit enables BTC holders to maximize their earnings through innovative staking models.
This protocol introduces re-staking, a cryptoeconomic mechanism that activates dormant Bitcoin assets, allowing users to earn rewards while contributing to network security. BounceBit acts as middleware, bridging CeFi and DeFi to create a seamless ecosystem that empowers Bitcoin holders with diverse income streams and robust scalability.
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Why BounceBit Matters
1. Dual-Layer Security: BounceBit’s unique CeDeFi architecture ensures advanced security while offering users flexibility in asset management.
2. Interoperability: The protocol connects Bitcoin’s ecosystem with other EVM-compatible blockchains, ensuring broader utility and integration.
3. Economic Expansion: Through re-staking and other innovative financial tools, BounceBit provides BTC holders with new ways to grow their assets.
4. Seamless CeFi-DeFi Bridge: BounceBit effectively combines the trust of CeFi with the innovation of DeFi, creating a user-centric platform that delivers the best of both worlds.
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Follow Us for the Latest Updates!
Stay tuned as BLUM prepares to make its debut and BounceBit continues to redefine what’s possible with Bitcoin-based financial tools. Don’t miss out on these game-changing projects—follow us now for real-time updates and in-depth insights into the next generation of blockchain technology..
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