We are going to see the $10K with an 80% probability in the next 6-7 months. And I do not rule out seeing $12K, that would be the TOP of the bull market. crypto $ETH
The digital asset investment firm founded by Steven McClurg, Canary Capital Group, is once again advancing its strategy focused on products associated with cryptocurrencies, and this time it has submitted to the Securities and Exchange Commission (SEC) an application to launch an exchange-traded fund (ETF) based on HBAR, the native currency of Hedera Network.
Canary Capital is now going for a spot HBAR ETF
This can be seen in an application filed with the SEC, where they indicate that the product would be known as Canary HBAR ETF, which would seek to offer exposure to the native asset of Hedera Network for all interested investors.
As we already mentioned, the ETF would be associated with the HBAR cryptocurrency, native to Hedera Network. This network is public, which uses the Hashgraph consensus algorithm, facilitating fast and secure transactions, while managing a governance mechanism in which validation is carried out by a board made up of important companies and organizations.
As for Canary Capital, this application for a spot HBAR ETF comes weeks after the company did the same for a Solana-based exchange-traded fund, a product that it already proposed to the SEC and for which it is awaiting a response. Previously, the company did the same process for products associated with spot Litecoin and XRP.
Marathon Digital and Semler Scientific also choose to increase their Bitcoin holdings Monday, November 18, 2024 By Hannah Perez Amid the bull market, some companies are determined to increase their Bitcoin holdings, possibly anticipating further price increases. Semler Scientific bought 215 BTC and MARA sells USD $700 million worth of notes. Semler Scientific and Marathon Digital are the latest to buy Bitcoin amid bull run Publicly-listed healthcare company Semler Scientific bought 215 BTC for $17.7 million
Mining giant MARA announced a sale of convertible notes worth $700 million
Marathon plans to use the money raised from the note sale to buy more Bitcoin
MicroStrategy and Japan's Metaplanet also revealed increases in their BTC holdings on Monday
Amid the cryptocurrency bull market, some corporate Bitcoin holders are choosing to increase their holdings in the cryptocurrency, a sign that they may be anticipating further increases on the horizon.
Japan's Metaplanet announced on Monday a step forward in its Bitcoin investment strategy with a plan to issue $11 million in bonds with the intention of raising funds to buy more bitcoin. The statement came shortly before the largest corporate whale, MicroStrategy, reported a latest Bitcoin purchase that brought its holdings to 331,200 BTC.
Even though Bitcoin is trading around $90,000, very close to its most recent all-time high set above $93,000 last Wednesday, two other companies have joined the accumulation streak.
Semler Scientific raises its holdings above 1,200 bitcoins Healthcare industry company Semler Scientific was another that reported an additional purchase of 215 bitcoins on Monday for a cash outlay of $17.7 million.
The bitcoins were purchased at an average price of $82.502 per currency, total company holdings at 1,273
In the 2015-2017 cycle, Bitcoin peaked 518 days after the halving
In the 2019-2021 cycle, Bitcoin peaked 546 days after the halving
If history repeats itself and the next Bull Market peak occurs 518-546 days after the halving...
That would mean that Bitcoin could peak in this cycle in mid-September or mid-October 2025 Currently, Bitcoin is accelerating in this cycle by about 10 days or so
Thanks to the 8-month Reaccumulation phase, the rate of acceleration drastically decreased from 260 days to just ~10 days
This current cycle has almost completely resynchronized with the traditional cycle Halving
Crypto's total market cap just hit new highs The journey from $3 trillion to $10 trillion starts here All the biggest gains will be made in memecoins $GALA
🚨 Bitcoin Miners Transfer 45,000 BITCOIN to Exchanges.
Miners are actively selling; yesterday alone they moved 25,000 BTC to exchange platforms. This volume of movements has not been seen for more than a year.
In the last three days, miners have transferred 45,000 BTC to exchanges. something big could be happening in these last few days 👀👀👀👀$BTC
📊 Trend: The chart shows a clear upward trend in the BTC/EUR pair, with consecutive green candles and increasingly higher lows, indicating strong buying momentum.
📈 Key Levels: We observe resistance near 84,000 EUR, a level that could act as a temporary ceiling. The nearest support is around 76,000 EUR, an area where there was previous consolidation. $BTC
🕒 Time Frame: On 1h candles, the price remains above moving averages, suggesting bullish strength in the short term.
🚨Take advantage of the momentum and the euphoria surrounding Bitcoin thanks to Trump's victory in the US elections 🇺🇸 #dominalainversion Bitcoin
$BTC 💸 The difference between a beginner investor and a long-term investor:
Bull Markets: 🎢 Beginner: "Everyone is buying! I don't want to miss out on this." 🧘 Long-term Investor: "Patience is key. I don't buy out of emotion, but out of strategy." Bear Markets:
🎢 Beginner: "I don't want to lose more money. I'd better sell before it keeps going down." 🧘 Long-term Investor: "I see opportunities in the downturn. With Dollar Cost Averaging, I buy at different times."
Continue reading… When the market is rising, a beginner investor usually reacts emotionally, fearing to miss out on the rally. But the long-term investor knows that their success lies in consistency and not in following trends. Calmness and strategy are their greatest advantage. When markets fall, fear often drives beginners to sell, seeking to avoid further losses. However, the long-term investor applies the Dollar Cost Averaging approach: they invest consistently, regardless of whether the market goes up or down, allowing them to average their investment cost over time. This strategy not only reduces the impact of volatility but also helps them build long-term wealth by taking advantage of dips to buy at better prices. 💸🚀 The images were taken from the newsletter I receive every day and which I recommend for staying informed about stock market news.
United States seeks to consolidate a strategic reserve of bitcoin after Trump's victory Crypto Report
November 6, 2024
10:30 PM
Bitcoin United States seeks to consolidate a strategic reserve of bitcoin after Trump's victory
U.S. Senator Cynthia Lummis has proposed an ambitious bill aimed at establishing a "Strategic Reserve of Bitcoin" for the United States. Following Donald Trump's recent victory in the elections, this legislative proposal has gained momentum, and the incoming administration appears willing to carry forward Lummis's vision to make bitcoin a strategic asset for the country.
Lummis's proposal, known as the "Innovative Investments Act for Enhancing National Competitiveness" (or "Bitcoin Bill"), is a milestone in the financial and legislative history of the U.S. This project not only aims to improve the country's competitiveness in the context of the global economy but also presents an innovative strategy to address national debt and strengthen the U.S. dollar. Lummis argues that to compete globally and adapt to the trends of economic digitalization, the United States needs a reserve of Bitcoin that serves as a base of value and security.
Senator Lummis emphasized that the Federal Reserve's acquisition of bitcoin would not only generate a new source of value for the country but would also boost the competitiveness of the U.S. in the global market. The plan is for the U.S. to accumulate up to 5% of the total Bitcoin supply, which would entail purchasing approximately 1 million BTC annually. Trump's election has had an immediate impact on the cryptocurrency market outlook. During his campaign, Trump demonstrated a clear interest in developing a pro-crypto policy that would allow the U.S. to compete in the digital asset market. His victory is perceived as a favorable signal for the crypto community, $BTC
BTC/USDT The likelihood of a correction at 75,500 is increasing, once the liquidity of that area is taken we could see a bearish reaction that allows purchases towards 80-100k. 💥🔥
Happy day, this is what you need to know early this Tuesday, November 5 👇 🔵 It's election day in the United States. Expectations are high for the market, which anticipates high volatility throughout the day.
🔵 #Bitcoin recovered the ground lost this Monday. After falling below $67,000, it is now around $68,700 again.
🔵 Cryptocurrencies inspired by Trump and Harris are vying for their own "election". The #memecoins inspired by Trump are leading since the presidential debate. 🔵 Semler Scientific already has over a thousand bitcoins. The firm joins the trend of large corporate capital accumulating #BTC.
🔵 Mt. Gox is moving a large amount of BTC again (over 32,000). However, it seems to be a move to cold storage, says Arkham Intelligence.$BTC