Sharp Correction in Bitcoin: Will the Bull Market Continue?
$BTC experienced a rapid rise in the first months of the year due to the influence of spot exchange traded funds (ETF) in the USA and broke a record with $ 73,500 in March. However, Bitcoin, which has entered a downward trend in recent weeks and dropped to 53 thousand dollars on July 5, showed a partial recovery at the weekend and exceeded the level of 56 thousand dollars. This has sparked debate among experts and investors about whether the Bitcoin bull market is over.
Analyst Michaël van de Poppe: Chainlink Will Shine Soon – Here Are the Expected Levels
Analyst Michaël van de Poppe, who follows the cryptocurrency market closely, made an optimistic prediction about Chainlink (LINK). Poppe stated that LINK will rise against Bitcoin in the second half of the year and that this is based on a historical pattern. The analyst emphasized that he observed an upward trend on the daily chart of the LINK/BTC parity, which shows the value of LINK against Bitcoin, and that LINK continues to exceed the peaks. He also stated that it is more important to watch the Bitcoin pair rather than the USDT pair when assessing the strength or weakness of altcoins.
Analyst Credible Crypto Made Important Statements About Bitcoin!
Credible Crypto, one of the names closely followed in the cryptocurrency markets, predicts that the upward trend may continue despite $BTC losing the $ 60,000 level. In its analysis shared with more than 400 thousand followers on the social media platform However, the analyst also warns that it may take some time for this new uptrend to start.
Stablecoin Adoption Expected to Increase in 2024: Is Regulatory Clarity the Key?
Circle CEO Jeremy Allaire believes that regulatory clarity is the most important factor that will pave the way for increased use of stablecoins in the cryptocurrency market in 2024. In a new interview with CNBC International TV, Allaire predicts that Bitcoin ETFs recently approved in the U.S. will act as the “tide that lifts all boats” in the crypto sector. Second Largest Stablecoin by Market CapCircle CEO says stablecoins have been resilient despite crypto market volatility over the past few years “What I can say about stablecoins and what we see in the market is that a lot of people were focusing on the many scandals, failures and bankruptcies in this industry, but we were also seeing tremendous progress in the continued development of technology. This is a bit like what happened after the internet boom and bust. People ignored the consumer internet and e-commerce, but technology continued to improve and we saw the same thing happen last year. In particular, we see that stablecoins are the most important application of blockchain technology and that their use is increasing worldwide.”Circle issues USDC, the second largest stablecoin in terms of market value. The company announced last week that it has filed a draft registration statement regarding its initial public offering (IPO) offering with the Securities and Exchange Commission (SEC).
Tether Increased Its Bitcoin Holdings to 2.8 Billion Dollars!
Fixedcoin issuer Tether (USDT) currently holds at least $2.82 billion worth of BTC as it continues to rapidly accrue the king of the crypto market, Bitcoin (BTC). Ki Young Ju, founder and CEO of on-chain market intelligence platform CryptoQuant According to , Tether currently holds at least 66,400 BTC. “Tether disclosed in its recently published quarterly report that it holds approximately $1.6 billion worth of BTC. Tether's amount of BTC holdings puts it roughly 11th in terms of holdings. If you look at the 'Tether BTC holding wallet', it does not match the description in Tether's quarterly report. While there was no Bitcoin presence in the 4th quarter report of 2022, the wallet started to accumulate BTC. So Tether has plenty of Bitcoin. But that's probably not Tether's only Bitcoin wallet.”Tether Continues to Increase Its Investment in BitcoinAn accompanying post from CryptoQuant noted that Tether held just $1.6 billion worth of BTC in August, the largest crypto asset in the market. appeared. At the time, this made Tether the 11th largest asset holding BTC in the world. In early January, a wallet believed to belong to Tether was revealed to be sitting with $1.33 worth of BTC profits, making it the 10th largest asset in terms of holding BTC. Bloomberg reported Tether's intention to buy flagship digital assets in November, noting at the time that the fixedcoin issuer was aiming to invest $500 million in the crypto king over the next six months. Tether executive Paolo Ardoino said at the time that Tether would be operating in South America He said that he is committed to building BTC mining facilities in .
In this article, we will answer frequently asked questions about the Ethernity project, for example, what is ERN Token, what does it offer, what is Ethernity, how to buy it and what is it used for. As the Kriptoup.com team, we have prepared it for our curious readers. Let's take a closer look at the ERN project.Ethernity (ERN) is an NFT (Non-Fungible Token) platform running on the Ethereum blockchain. NFTs can be thought of as unique digital assets, and Ethernity provides a platform to create and sell NFTs of a variety of digital assets such as artwork, music, and sports memorabilia. What is ERN Token? Ethernity is also a community-driven platform and provides a platform for creating and selling NFTs of various digital assets such as artwork, music, and sports memorabilia. creates unique and limited edition NFTs by collaborating with well-known personalities such as athletes. These NFTs offer fans the opportunity to own a unique digital asset. A unique aspect of Ethereum is that the platform also focuses on social responsibility projects. The platform organizes NFT auctions to donate to various charities and aims to help different segments of society through these donations. Ethereum uses the ERC-1155 protocol, which allows different NFTs to be grouped into a single token. In this way, unique NFTs can be created as a single token, which helps users pay less gas fees. What are the Technical Features of ERN Token? Ethernity (ERN) token is an ERC-20 token on the Ethereum blockchain. ERC-20 is a token standard used on the Ethereum platform and determines a certain set of technical specifications for Ethereum-based tokens. The technical specifications of the Ethereum token include factors such as its total supply, transaction fees, block confirmation time, token management. In terms of its total supply. ERN token is limited to a maximum of 30,000,000 tokens. Not all of these tokens were distributed initially and they continue to be distributed through different methods. Ethereum token transaction fees are the same as other tokens on the Ethereum network. So transaction fees vary depending on Ethereum gas fees. Gas fees may vary depending on the transaction capacity, density and demand of the Ethereum network. Block confirmation time depends on the block confirmation times of the Ethereum network. The Ethereum blockchain creates a block every 15 seconds on average. ERN token transactions, like other Ethereum-based token transactions, are carried out on these blocks. In terms of token management, the ERN token is managed on a platform called Ethernity Chain. This platform hosts digital collections of celebrities and brands in different fields such as art, sports and music. ERN token can be used in these collections and thus affects the demand and supply balance of the token. What is the Future of ERN Token? Ethernity (ERN) token is used to provide access to digital collections of celebrities and brands in different fields such as art, sports and music. It is an ERC-20 token used. The future of the token is directly related to the success of the Ethernity Chain platform and the growth of the token ecosystem. Ethernity Chain is a platform that allows the commercialization of digital collections. The platform allows celebrities and brands to tokenize their digital assets, artwork, videos, music and other digital content. These digital assets are presented in the non-fungible token (NFT) format that complies with the ERC-721 token standard. Ethereum token is the base token used on the Ethernity Chain platform. The token is used to access digital assets, purchase collections, vote, and other transactions. ERN token is also used as a means of payment for transactions made on the platform. The future of the token is closely related to the popularity and adoption of the Ethernity Chain platform. The platform can increase its growth potential by gaining the support of celebrities and brands in different fields such as art, sports and music. Additionally, growth in the digital asset market and increasing popularity of NFTs may increase the demand for the ERN token. However, like all other cryptocurrencies, the value of the ERN token may be subject to market fluctuations and price fluctuations. Therefore, the future of the ERN token should be evaluated together with the general trends in the cryptocurrency market and the success of the Ethernity Chain platform. How to Buy ERN Token? Ethernity (ERN) token is an ERC-20 token running on the Ethereum blockchain. Token To purchase, you need to follow a few steps: First, become a member of a cryptocurrency exchange. Ethernity token is listed on many exchanges, so you can compare between exchanges and choose the one that suits you best. Log in to the exchange and add funds to your account. To purchase ERN tokens, you may need to add funds to your account with cryptocurrency or fiat currency. Then, select the cryptocurrency with which you will trade to purchase ERN tokens. Most exchanges allow you to buy ERN tokens with ETH or BTC. Place an order to buy Ethereum tokens. You can purchase ERN tokens by clicking the “buy” or “buy” button on the exchange. Once the purchase is completed, ERN tokens are deposited into your exchange wallet. Finally, you can withdraw ERN tokens from your exchange wallet to a wallet. If you are a long-term investor, it is recommended that you move your ERN tokens to a safer wallet. Cryptocurrency exchanges may have various features and commissions. It is important to compare exchanges and choose the most suitable one before purchasing. Additionally, since cryptocurrencies have high volatility, it is important for investors to consider the risks and benefits.What are the Advantages and Disadvantages of ERN Token?Ethernity (ERN) token is an ERC-20 token running on the Ethereum blockchain and is used for accessing digital assets, purchasing collectibles, voting and other transactions.The advantages and disadvantages of the token are: Advantages:Use area: The Ethernity Chain platform is a platform that allows the commercialization of digital collections and the ERN token is the basic token used on this platform. This can increase the token's usage and adoption. Popularity: The Ethernity Chain platform can increase its growth potential by gaining the support of celebrities and brands. This may increase the popularity of the ERN token. Payment tool: ERN token is also used as a payment tool for transactions made on the platform. This increases the functionality of the token and provides benefits for platform users. ERC-20 standard: Ethernity token is an ERC-20 token running on the Ethereum blockchain. This can facilitate the adoption of the token and allow it to appeal to a wider range of users. Disadvantages: Market volatility: Just like other cryptocurrencies, the value of the ERN token may be subject to market volatility. This can be risky for token holders. Competition: The Ethernity Chain platform may have to compete with similar platforms, which may affect the value of the ERN token. Regulation: Cryptocurrencies and blockchain technology are not yet regulated in many countries. Therefore, the legal status of the ERN token may be uncertain and may be subject to regulatory pressures. Token supply: The supply of Ethernity tokens is limited, which may result in price increases when demand for the token increases. However, at the same time, the token price may decrease if demand decreases. As a result, the advantages of the Ethernity token include usage area, popularity, payment instrument and ERC-20 standard, while the disadvantages include market volatility, competition, regulation and token supply. Before investing, all advantages and disadvantages should be taken into account and the investment decision should be made accordingly. How to Mine ERN Token? Ethereum (ERN) token is an ERC-20 token running on the Ethereum blockchain and does not require mining. Mining, usually of blockchain-based cryptocurrencies, is a process used to create new blocks and verify transactions. However, ERC-20 tokens are created as smart contracts running on a blockchain platform and do not require mining to verify them. Owning an Ethernet token is achieved by purchasing or earning the token. To purchase tokens, you can trade on a cryptocurrency exchange or participate in various activities to earn tokens on an Ethernity Chain platform. The Ethernity Chain platform is a platform that allows the commercialization of digital collectibles. The platform tokenizes the digital assets of celebrities and brands and presents them in non-fungible token (NFT) format in accordance with the ERC-721 token standard. These NFTs verify ownership of digital assets and offer special value to their buyers. To earn the ERN token, you can participate in various activities on the Ethernity Chain platform. For example, you can participate in voting events held on the platform and win ERN tokens among the winners. You can also earn Ethernity tokens from the sale of digital collectibles on the platform. As a result, Ethernity (ERN) token is an ERC-20 token running on the Ethereum blockchain and does not require mining. Owning a token is achieved by purchasing or winning the token. The Ethernity Chain platform offers different activities to earn ERN token, and ERN token can also be earned from the sale of digital collections on the platform. What are the Usage Areas of ERN Token?Ethernity (ERN) token is an ERC-20 token running on the Ethereum blockchain. The token is used to access the digital collections of celebrities and brands in different fields such as art, sports, music, and these collections can be purchased on the platform. The usage areas of the Ethernet token are as follows: Access to digital collections: On the Ethernity Chain platform, such as art, sports, music There are digital collections of celebrities and brands in different fields. Ethernity token is used to access these collections. Purchasing a collection: Digital collections on the Ethernity Chain platform are offered in non-fungible token (NFT) format in accordance with the ERC-721 token standard. These NFTs verify ownership of digital assets and offer special value to their buyers. ERN token is used to purchase these NFTs. Voting: On the Ethernity Chain platform, voting events are organized between different digital collections. ERN token can be used to participate in these events and you can earn tokens from the winners. Payment tool: Ethernity token is also used as a payment tool for transactions made on the Ethernity Chain platform. These transactions include purchasing collectibles, transfers, and other transactions. Investment: Ethernity token is also used by investors as it is a token traded on the cryptocurrency market. The token offers investors the potential to make profits due to the increase in market value and demand. As a result, Ethernity (ERN) token is used to provide access to digital collections of celebrities and brands in different fields such as art, sports, music, for purchasing collections, voting and other transactions. It is an ERC-20 token used. In addition, ERN token is also used as a means of payment for transactions made on the Ethernity Chain platform and is also used by investors.What is the ERN Token Price? There are many cryptocurrency exchanges and websites to follow the Ethereum price. For example, websites such as CoinMarketCap, CoinGecko and Crypto.com provide up-to-date and detailed information about the ERN price. These sites may also provide other relevant information such as Ethernity Token’s historical price movements, market volume, and comparisons with other cryptocurrencies. You can also get updated information about the ERN Token price by visiting our kriptoup.com page.#KriptoUp #Crypto #Ethernity #ERN #BitcoinETFs
Exciting predictions for curious crypto followers! A prominent crypto analyst predicted a 25 percent rise for decentralized oracle provider Chainlink (LINK) while also updating his perspective on decentralized crypto exchange (DEX) SushiSwap (SUSHI).Crypto strategist Ali Martinez, who has followers on the social media platform X, states that there is a clear path for LINK to jump to the $ 20 price level.“It formed a solid demand zone between $14.80 and $15.20. 17,650 addresses in this region purchased a total of 85.12 million. “Without any resistance ahead, LINK may be ready to move towards $20.”
Stablecoin Adoption Expected to Increase in 2024: Is Regulatory Clarity the Key?
Circle CEO Jeremy Allaire believes that regulatory clarity is the most important factor that will pave the way for increased use of stablecoins in the cryptocurrency market in 2024. In a new interview with CNBC International TV, Allaire predicts that Bitcoin ETFs recently approved in the U.S. will act as the “tide that lifts all boats” in the crypto sector. Second Largest Stablecoin by Market CapCircle CEO says stablecoins have been resilient despite crypto market volatility over the past few years “What I can say about stablecoins and what we see in the market is that a lot of people were focusing on the many scandals, failures and bankruptcies in this industry, but we were also seeing tremendous progress in the continued development of technology. This is a bit like what happened after the internet boom and bust. People ignored the consumer internet and e-commerce, but technology continued to improve and we saw the same thing happen last year. In particular, we see that stablecoins are the most important application of blockchain technology and that their use is increasing worldwide.”Circle issues USDC, the second largest stablecoin in terms of market value. The company announced last week that it has filed a draft registration statement regarding its initial public offering (IPO) offering with the Securities and Exchange Commission (SEC).
Finance giant VanEck, which has approximately $90 billion in assets under management, has decided to close its own futures ETF, following the approval of the US Securities and Exchange Commission (SEC) for the Bitcoin (BTC) futures exchange traded fund (ETF).New York-based investment management company VanEck announced in a press release that it plans to close and liquidate the VanEck Bitcoin Strategy ETF, which is listed on the Chicago Stock Options Exchange (CBOE). It continually monitors and evaluates the ETF portfolio, taking into account a number of factors. The decision to liquidate the fund was made as a result of analysis of these factors and other operational issues.” VanEck is closing the futures Bitcoin ETF: investors will be paid in cash. VanEck stated that the futures ETF will be closed on January 30 and liquidated on February 6. Investors holding company shares will receive a cash amount proportionate to their account. After years of rejection, the SEC made the expected decision last week, approving the first spot Bitcoin ETFs and establishing the first official connection between the digital assets industry and Wall Street. Leading firms that received approval included VanEck, BlackRock, Fidelity, ARK Invest, and Franklin Templeton. Spot Bitcoin ETFs allow investors to invest in the crypto king without purchasing the digital asset directly. VanEck was approved by the SEC earlier this year for spot Bitcoin. If the ETF application is approved, it has pledged to donate some of its profits to support Bitcoin Core developers for at least 10 years. Bitcoin is trading at $42,267 at the time of writing, up 2.1 percent in the last 24 hours.
JPMorgan CEO Jamie Dimon, a long-time Bitcoin skeptic, roars again at the World Economic Forum, calling Bitcoin his “pet rock.” In the CNBC Squawk Box interview in Davos, Switzerland, Dimon argues that BTC has no real use other than illegal purposes. However, Dimon agrees that blockchain technology is important. “Blockchain is real. It's a technology. We are using. It will speed up the flow of money and data, efficiently. We've been discussing this for 12 years and it's still a very small area. Maybe we talked too much about this. There are two separate categories of cryptocurrencies. There are cryptocurrencies that may have a real function. Imagine a cryptocurrency built into a smart contract, we could use it to buy and sell real estate or transfer data, that could make sense. It's like tokenizing something you've done. Then there are those who are useless. I call it pet rock, Bitcoin or similar. I'm not kidding about Bitcoin, it has uses: money laundering, fraud, tax evasion, prostitution trade. These are real usage areas. We see that perhaps 50 to 100 billion dollars are used for this purpose annually. This is its main usage area. Everything else is just trading between people.” Bigger Money Laundering Tool Than Bitcoin: US DollarCNBC presenter reminds that the US dollar has been used in much more money laundering than Bitcoin throughout its history. Crypto research firm Chainalysis found in 2022 that 5% of global gross domestic product is laundered with fiat money each year, but only 0.05% of all cryptocurrency transactions are related to money laundering.Dimon about Bitcoin again He says he doesn't want to talk and believes people have the right to trade in digital assets, despite his repeated criticism.“I say my last words about Bitcoin, this is the end. I defend your rights. I think it's okay. I don't want to tell you what to do. My personal advice is don't get involved, but I don't want to tell anyone what to do. It's a free country.” He also said, when asked what he thought about BlackRock and other major financial institutions recently launching spot BTC ETFs, “I don't care. Please stop talking about this.”#Kriptocutrader #bitcoin #BitcoinETFs #kriptoup #Crypto
Attention Cryptocurrency Investors! A Big Change May Happen in 2024
Could 2024 be a disappointment for quick profit hunters in the cryptocurrency market? While a closely followed analyst raises this question, he emphasizes the possibility of long-term consolidation in the market. Cryptocurrency expert named Justin Bennett says that he closely follows the total market value (TOTAL) chart of the market in his predictions on the social media platform. In the chart he shared, Bennett predicts that TOTAL may repeat the 2019 price movement and experience a sharp correction of around 70% after rising to the 61.8% Fibonacci retracement level. 2024: A Positive or Negative Year for the Cryptocurrency Market? According to the analyst, all crypto The currency market could depreciate and consolidate over the next 12 months, but there is also the potential to reach new historical highs later. Bennett invites crypto investors to consider the following questions: “What if everyone misunderstood the timing of the Bitcoin bull market?” “What if cryptocurrencies trend sideways for the next 12 months? “Even if it crashes?” “People say ‘something like this will never happen again’ because the most recent crash was related to COVID-19 and was a one-time event.” “Yes, it was a one-time event. But markets don't repeat themselves, they just show similarities.” “In summary: Check your leverage before emotionally considering this possibility!” Bennett's chart shows that total market capitalization could fall to around $700 billion by the end of this year, but will rise to over $4 trillion by 2025. He predicts that it may reach a new historical peak. At the time of writing, TOTAL is trading at $1.653 trillion, meaning it could lose about 57% of its value if it reaches the analyst's target level. On the Bitcoin (BTC) side, Bennett thinks the bears will have the upper hand as long as the crypto king remains below $44,500.“After weeks of testing the channel resistance I shared (one-on-one), $44,500 is now the resistance point for BTC. The bulls must regain that level on higher time frames to have a chance of reaching $50,000. However, we need to be careful when it is below that limit.”Bitcoin is currently trading at $43,029.#Kriptocutrader #Kripto #BitcoinETFs #Bitcoin
Tether disputes claims by the United Nations Office on Drugs and Crime (UNODC) that criminals are using USDT to launder money and commit fraud in Asia.According to a new report from UNODC, criminals in East and Southeast Asia prefer to use USDT on the Tron (TRX) blockchain due to its stability, convenience, anonymity and low transaction fees.The report states that USDT, the largest stablecoin by market cap, is manipulated by money launderers and fraudsters, often through illegally operating online gambling platforms.
Are Bitcoin Bulls Ready? Van de Poppe's $300,000 Estimate!
Bitcoin expert Michaël van de Poppe is in a bullish mood for the coming weeks and months! The upcoming April halving marks the halving, and Van de Poppe predicts that BTC will rise ahead of this important event.Addressing his followers, Van de Poppe also claims that even if BTC falls below $ 41,000, it has the potential to reach $ 300,000 with a jump of over 630%. According to its charts, it is poised to climb near $45,500 and then dive just below $40,000.