The Bitcoin and Cryptocurrency Market's Drop and Recovery Are Both Fear and Hope:
1. Market price decline: - On Monday, the cryptocurrency market experienced a massive drop, with global capitalization losing $100 billion and liquidating a total of more than $1 billion. 2. BlackRock investor reaction: - Despite the market turmoil, investors in BlackRock's cryptocurrency fund, IBIT, are holding on to their holdings. - These investors did not liquidate any of their positions, despite a loss of about 8% last week, said Eric Balchunas, senior ETF analyst at Bloomberg.
Get current BTC/USDT price quotes and trends this Q3 and Q4 2024!
Overall comments: 1. Pinbar candlestick pattern: Small candle body and long candle wicks indicate a possible reversal. Currently, the weekly candlestick is showing signs of decline after reaching a high near $70,000 and falling to near $60,000. 2. RSI (Relative Strength Index): RSI is near 50, showing a balance between buying and selling forces. However, if RSI continues to fall below 50, this could confirm a continued bearish trend.
Is the money really coming back to Alcoins? This article is for you.
The financial recession cycle lasts 10 years. Expert Peter Brant predicts price in August 2024 Flow of Money Super Cycle Tops and Bottoms Diagram Everything is cyclical and it repeats itself over a certain period of time, which is every 10 years there will be an economic and financial recession. For Bitcoin, every 4 years after Halving, a new ATH peak is created, breaking the old peak. But is this really the peak of 2024? Maybe not because the attraction continues to grow and investor sentiment is still bullish on BTC.
Sharing a little about the current BTC data chart according to the weekly trend that continues to grow and continues the September trend, which is still a bullish candle and strong wicks, showing that buying power is still there.
The expectation that in November it will break the 73 threshold to reach the 80k threshold in this fourth quarter is great$BTC
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Shiba Inu Ecosystem Prepares for Major Tech Upgrade Puppynet, a testnet of Shibarium’s layer-2 solution for the Shiba Inu (SHIB) cryptocurrency, is set to receive major tech upgrades, according to an announcement on Friday.
Bor, one of the network’s key components, will be getting a new version. The upgrade also includes the Cancun hard fork.
The upgrade is expected to result in faster transactions, improved storage, and a better user experience.
The Purpose of Testnets
Testnets are testnets that are similar to the real network but have no monetary value. They allow developers to experiment before deploying the main network. Testnets also help find and fix bugs, reducing major risks. For example, Ethereum has the Sepolia testnet, along with other testnets like Goerli and Kovan that have been discontinued.
In early August, Shibarium also introduced a hard fork with the new Bore version, adding a burning mechanism to improve the ecosystem.
Is the SHIB price performance stable?
The SHIB burning mechanism has been tested on the Puppynet network since February. Currently, the Shiba Inu ecosystem is facing a high level of anxiety and doubt, according to data from Santiment.
The reasons are the rapid decline in social media interest, the number of holders is decreasing, and the trading volume is decreasing. It is unclear whether Shiba Inu can improve the situation, but the current performance does not show any positive signs.
o 99K: This is the actual number for the change in employment last month, showing that 99,000 jobs were created in the non-farm sector.
o 144K: This is the forecast (expected) number for this month. Analysts were predicting that 144,000 jobs were created.
o 111K: This is the previous month's number (adjusted if necessary), showing that 111,000 jobs were created in the non-farm sector.
• Unemployment Claims:
o 227K: This is the actual number for unemployment claims last week, showing that 227,000 new people filed for benefits.
o 231K: This is the forecast number for unemployment claims. Analysts expect 231,000 new claims.
o 232K: This is the previous week's figure (adjusted), showing 232,000 unemployment claims.
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The lower number of jobs shows that unemployment is still high this August, the economic recession has caused businesses to cut jobs a lot. This makes the CPI index decrease sharply, meaning that inflation will increase. Then tomorrow's non-farm payroll report will decide how much interest rates will be cut at the FOMC meeting on 18-19!
Lower-than-expected jobs data will cause the FED to cut interest rates by 0.5 basis points at its meeting on September 18.
JOLTS (Job Openings and Labor Turnover Survey) is an important indicator in the economic field, especially in analyzing the labor market in the United States. JOLTS data is usually reported monthly and includes information on the number of job openings, the number of workers hired, and the number of workers leaving the job. Specifically, the figures refer to: - 7.67M: This is the number of job vacancies or job postings in a specific previous period (such as last month).
Scottie Pippen created excitement when he shared a dream in which the founder of bitcoins
Scottie Pippen created excitement by sharing a dream in which Bitcoin's mysterious founder, Satoshi Nakamoto, predicted that the cryptocurrency's price would hit a new all-time high in November. Factors that could spark a Bitcoin rally include the Federal Reserve lowering interest rates and the pro-crypto stance of leading US presidential candidate Donald Trump.
Goldman Sachs analysis predicts the US presidential election and the impact of who leads
An analysis from Goldman Sachs on the predicted impact of the US political elections on economic growth over the next two years. Here are some key points: Economic Growth Forecast: Goldman Sachs predicts that if the Democratic Party, led by Kamala Harris, wins the presidential and congressional elections in November, US economic growth will receive the biggest boost. Conversely, if the Republican Party wins, or if the government is divided under Donald Trump, the economy will be negatively affected.
1. Transaction Takes Place: According to Spotonchain, 16 hours ago, DWF Labs received 10 million FET tokens (approximately $11.7 million) from the Fetch.ai Foundation. The transaction is identified by a specific transaction code, which allows users to check and verify information on the blockchain.
2. Transaction Address: The address associated with the transaction is `0x9eea88bdd424fad7f0db6af399c88f6266bd3a07`, which is identified as belonging to DWF Labs. This means that DWF Labs received FET tokens to this address.
3. First Activity in 6 Months: It is worth noting that this is DWF Labs' first transaction involving FET tokens in the past 6 months. This could indicate a return of DWF Labs to investing or trading in FET, which could be related to the future development or potential of the Fetch.ai project.
4. Portfolio ranking: Currently, FET is at the top of DWF Labs' portfolio, indicating that they have strong faith in this token or that FET plays an important role in their investment strategy.
Overall, this information shows that DWF Labs is actively involved in Fetch.ai's FET token and could open up many future possibilities for the development of Fetch.ai as well as DWF Labs.
QCP Capital has expressed the view that if the upcoming non-farm payrolls data is weaker than expected, the possibility that the US will start cutting interest rates from September is quite high, with the probability of a 25 basis point cut being 33% and a 50 basis point cut being 67%.
However, recent macroeconomic information does not seem to have much impact on the cryptocurrency market.
QCP Capital predicts that in the short term, Bitcoin is likely to fluctuate between $58,000 and $65,000, and the market is waiting for a positive catalyst to break this range.
Positive information is given at this stage, but the price is likely to decrease a bit more to the range of 48k-52k so that Sharks can start to collect cheap goods, then they will pump more positive news for individual investors to buy according to the news, then they will gradually sell to take profits.
A few lines to share about how to participate in Square of binance in the past time,
In fact, when participating in the market from 2017 to the present, but I pay little attention to the community factor and only find out what I lack to learn and supplement every day, every month, every year to improve my ability as a Holder and trader.
But in a volatile market like Crypto, compared to the current young people, I still have to learn a lot from them because they are too good and too super.
So I want to use the Square platform to present accurate information from projects or official information, but rarely copy other people's information and turn it into my own, and rewriting it, in my opinion, is unfair to myself as well as the readers.
So many articles also have some shortcomings and many errors, I hope readers can contribute with a serious attitude, do not be sarcastic or even use disrespectful words that are too unethical to say that, I do not understand what you are thinking in your head to use such words.
Be a smart investor as well as a user and reader, together contributing to increasingly complete with positive words, do not criticize or be too offensive or vulgar, it is not very good.
Independence Flag 2-9 and many attractive rewards are waiting for you
The above content is an announcement from Binance about the National Day promotion in 2024, calling on users to participate in collecting items and unlocking the "Independence Flag" to receive rewards from the prize pool worth 170,000,000 VND (equivalent to 7,000 USDT). ### Program details: 1. **Objective**: Participants need to collect 4 items including Balloons, Fireworks, Red Flag, and Yellow Star to unlock the Independence Flag.
Binance recently made a cryptic post on its X account, simply stating "BNSOL" with the phrase "coming soon." While no official explanation was given, speculation arose that BNSOL could refer to "Binance Staked SOL," possibly a new staking option for Solana (SOL) on Binance. This speculation gained traction after ByBit, another major exchange, announced its own liquid staking token, bbSOL, further suggesting that Binance might be planning a similar product. Solana was trading at $145 at the time of the announcement.