The only purpose of those who write disaster scenarios for #Btc #bitcoin and give a target of 45, 40, 35 thousand dollars is to take your bitcoins from your hands for numbers that will be considered free, do not be fooled by these games..! The level of 50 - 52 thousand dollars is the accumulation level for Bitcoin. New investors and hot capital inflows are expected in this market before new targets come and reach 100 thousand dollars; Don't lose your assets, keep buying and adding as they fall. History will record the gains of brave people in the long run 🤫💸$BTC #Write2Earn
Spot Bitcoin ETFs, which were launched in the USA in January, attracted intense interest in a short time and achieved fund flows exceeding $30 billion. Thanks to this influx of funds, issuer companies BlackRock, Fidelity and Invesco have stepped into the list of top 10 ETF issuers.
Three companies, which have made significant gains from the intense demand for Spot Bitcoin ETFs, have provided $31.86 billion in fund inflows since the beginning of the year, when outflows from GBTC are ignored.
In the announcement made by Binance, it was stated that the cryptocurrency exchange OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM) and NEM (XEM) transactions will be stopped on June 17.
Binance emphasized in its statement that they have an understanding of keeping only the most reliable and secure assets on the trading platform. In this context, exchange officials examine in detail criteria such as the activity level of the development team of the relevant altcoins, transaction volume, liquidity, network stability, security, adherence to due diligence and community communication before delisting crypto assets.
While the crypto exchange claimed that these transactions were routine activities to maintain trading quality, it hinted that the process of removing projects that could not meet the current criteria from the platform would continue. #BinanceHerYerde #StartInvestingInCrypto #Binance #btc #Bitcoin
According to recent reports, Bitcoin weekly transaction volume dropped to $14 billion, and this was the lowest level seen since 2023. Bitcoin remained flat last week, exhibiting low volatility around $67,000, after remaining weak in its last attempt at $70,000 2 weeks ago. It is seen that the crypto money, which started the new week with buyers, is making moves towards the $ 69,000 region.
While there is a decrease in Bitcoin spot transactions and a decrease in Blockchain transactions, ETF transactions continue to dominate the Bitcoin market day by day.
Santiment data showed that only 722 thousand BTC was transferred in the Bitcoin network in the last week. So much so that the Bitcoin network recorded 1.70 million BTC transfers despite having similar transaction volumes in October 2023, when the rise started to accelerate.
Market commentators, on the other hand, point to macroeconomic factors as among the main developments that will cause the low transaction volumes reflecting the waiting phase in Bitcoin to increase again. In this process, a decrease in inflation data can be interpreted positively for the Bitcoin price. It is thought that the downward trend in inflation, which is the Fed's main criterion for interest rate cuts, may trigger risky markets.
On the other hand, ETF transactions affecting the Bitcoin price continue to be closely monitored. According to the CoinShares report, Bitcoin investment products managed to attract as much as $185 million in funds last week, while fund flow remained positive. However, while the flow of funds remained weak compared to the previous two weeks, this was reflected in a weekly decrease of 1% in the Bitcoin price.
The stabilization of Bitcoin ETFs since the beginning of the year leads to a significant decrease in stock market balances. As institutional investors turned to Bitcoin investment products in regulated markets instead of Bitcoin, approximately 88 thousand BTC was withdrawn from crypto exchanges as of May.
Focus on ETF transactions as Bitcoin trading volumes drop
Focus on ETF transactions as Bitcoin trading volumes drop While there is a decrease in Bitcoin spot transactions and a decrease in Blockchain transactions, ETF transactions continue to dominate the Bitcoin market day by day.
Santiment data showed that only 722 thousand BTC was transferred in the Bitcoin network in the last week. So much so that the Bitcoin network recorded 1.70 million BTC transfers despite having similar transaction volumes in October 2023, when the rise started to accelerate.
#tia it continues to rise, it should definitely be in the baskets, its future is very bright..! I have been following for a long time and I have a good investment, do your own research and follow $TIA 🔥
Elon Musk's latest social media activities have stirred up the cryptocurrency market again.
A prominent investor made eye-catching moves right before Musk's tweet, which aroused curiosity in the crypto community.
On-chain data reveals that strategically purchasing meme coins leads to significant gains.
Discover how an astute investor who evaluated Elon Musk's tweet made quick profits in the volatile world of cryptocurrencies.
Elon Musk, the influential CEO of Tesla and SpaceX, shared a tweet honoring Dogecoin's mascot and Harambe, a gorilla, on May 24. This tweet led to a significant increase in the prices of Dogecoin (DOGE) and Harambe (HARAMBE) coins. Musk's tweets have historically had a significant impact on the cryptocurrency market, and this case was no exception.
According to on-chain analytics platform Lookonchain, an anonymous investor made a strategic move just a day before Musk's tweet. The investor purchased 1.94 million HARAMBE coins by withdrawing 661 Solana (SOL) worth $116,000 from Binance. This timing paid off wonderfully as HARAMBE's value skyrocketed following Musk's tweet.
The investor's actions sparked widespread speculation in the crypto community. Some social media users suggested that the wallet may belong to Musk or someone he is closely associated with. Regardless of who owned the wallet, the investor managed to make a profit of approximately $200,000 in a short period of time.
This incident once again highlights the volatile nature of the cryptocurrency market and the significant influence of high-profile individuals such as Elon Musk. #Bitcoin #Binance #elon_musk #ElonMuskTalks $BTC $ETH $BNB #Eloncrypto Do you think Elon Musk is speculating?
Crypto investors often use such information reported by Lookonchain to evaluate whales' investment habits and predict potential market trends. Withdrawing crypto assets from exchanges to private wallets can signal an intention to hold these assets long-term and an optimistic outlook. Many who study this data can predict an upcoming rally for the affected cryptocurrencies and other tokens in the Ethereum ecosystem.
Conclusion
With big withdrawals from Binance, crypto whales are in an optimistic mood across the market. These investors moving large amounts of Ethereum-based tokens into private wallets may be showing their confidence in the future value of these assets. As the market continues to monitor these activities, traders and analysts will be eager to see if these trends will translate into a broader market rally.
Ethereum (ETH) Whales Trigger Massive Exodus from Binance: A Closer Look at the Shift in Holdings
Crypto whales are withdrawing millions of Ethereum-based tokens from Binance. New addresses are starting large token withdrawals from Binance. Large withdrawals could signal an optimistic outlook for the affected tokens. Crypto whales are making serious moves and withdrawing millions of Ethereum-based tokens from Binance. This indicates a potentially optimistic trend.
The cryptocurrency world is on edge as we wait for the US Securities and Exchange Commission (SEC) to announce its decision on VanEck's spot Ether exchange-traded fund (ETF) application. This decision is awaited with great excitement, because the major market movements observed before it are noteworthy. Market capitalization has decreased by more than $100 billion as speculative trading activity increases and uncertainty increases.
The cryptocurrency market has experienced a significant decline, with more than $100 billion lost in market valuations ahead of the US Securities and Exchange Commission (SEC)'s expected decision on VanEck's spot Ether exchange-traded fund (ETF) application.
These pre-decision fluctuations mirror the fluctuations previously seen in Bitcoin, causing significant price changes in the market.
Bloomberg Senior ETF analyst Eric Balchunas predicts the SEC's decision will be announced around the same time it approved spot Bitcoin ETFs earlier this year.
Ethereum co-founder Vitalik Buterin took an important step in the crypto world today and transferred 80 ETH (approximately $300,000) worth of assets to coin mixer Railgun. This transfer was recorded as the newest of Buterin's monthly transfers to Railgun in the last six months. “Privacy is normal,” said Buterin, who previously noted the importance of protecting user privacy in crypto transactions. Vitalik […]
Vitalik Buterin Transferred $300 Thousand Worth of Ethereum (ETH)
Bitcoin [BTC] investors have been waiting tightly as the king of cryptos moves towards $70,000 again. However, it may take a little longer for BTC to recapture this level because a key metric has pointed to a price decline in the coming days. According to data from CoinMarketCap, the price of Bitcoin has increased by over 5% in the last seven days. At the time of this writing, BTC was trading at $69,420.39 and its market cap was over $1.37 trillion. This upward trend gave investors hope that BTC would touch $70,000 again.