Can Bitcoin (BTC) break through the 4.5 mark? Ambush the potential coins that will explode in the first half of the year!
This week's analysis focused on the lack of liquidity. In just three or four days, at least 7 to 8 billion of the market was plundered, and nearly 250,000 people were forced to leave the market. I have talked about this group of active leeks leaving the market, trying to fill the liquidity. The sexual gap is difficult to recover in a short period of time. The current market is a highly controlled market, and the main force can stir up the greatest fluctuations at the lowest cost;
So in the future, the contract will be liquidated frequently. Due to the lack of liquidity, the main force can use the lowest chips and the lowest cost to push the pins up and down back and forth, which is very unsuitable for contract operations! Therefore, at this moment, I only suggest that you just need to be patient and let the main force play the game with the retail investors who can't help but want to operate. As a person who wants to make money, don't take a trip into this muddy water for the time being!
Arbitrum Coin Rise: Locked Value Exceeds $2.5B, Token Hits All-Time High
The price of the Arbitrum coin rose as transaction volume on the network surpassed that of the Solana-based application, which is booming in the wake of the meme coin-led frenzy in December. Arbitrum’s ARB token rose to near $2 on Wednesday, setting a new all-time high and total value locked (TVL) topping $2.5 billion, as traders appeared to flock to the network in anticipation that it would fuel the next wave of gains in the cryptocurrency market. Its price is up about 10% in the past 24 hours, outperforming the broader cryptocurrency market, while on-chain trading volume for Arbitrum-based applications has exceeded $920 million. The CoinDesk Market Index fell 1.7% over the same period. The influx of Arbitrum outstrips the number of Solana-based apps that thrived in the wake of the meme coin-led frenzy in December.
Today’s Crypto News Highlights: Bitcoin ETF to See SEC Vote, U.S. Job Market Data, and More
Cryptocurrency News: From regulatory changes to market shifts, here are the top 10 stories shaping the cryptocurrency market on January 5 for your quick overview. Coinbase expands into EU with MiFID license Coinbase will acquire a MiFID-licensed entity in Cyprus, aiming to expand its derivatives offerings across the European Union. The move, which is pending regulatory approval, is expected to significantly boost Coinbase’s presence in the EU market in 2024. U.S. job market data shows growth in December The latest report from the U.S. Department of Labor showed the job market was stronger than expected, with 216,000 new jobs added in December. The unemployment rate held steady at 3.7%, with the health care and government sectors contributing significantly.
In the bull market, Bitcoin's plunge is like giving away money, or even picking up money. This situation has happened countless times in the past years.
The reason for this situation is very simple, that is, the digital currency market is a purely speculative market where you can increase the leverage to the maximum and no one will care about you. You can become rich and liquidated in an instant.
When good news occurs frequently and the entire market shows a strong bullish sentiment, many people will add extremely high leverage. These extremely high leverage will cause the rising "car" to become heavier and heavier, because high leverage Yes, every time Bitcoin rises by even 10%, it means that the profit of 1 times or even 10 times is urgently needed to be sold.
Since the birth of Bitcoin, it can be said that as long as you don’t add leverage, you will never lose money, because every Bitcoin bull market will reach new highs. Even if you are on the top of the previous bull market, you will be able to do so in the next bull market. Make a lot of money. For example, the bull market in 2017 reached a peak of US$20,000, and three years later in 2020, it immediately exceeded US$69,000.
However, it is always difficult for people to restrain their inner greed. Faced with the temptation of huge wealth, they can't help but want to increase leverage in order to achieve rapid wealth appreciation.
Many people say that Bitcoin is a crazy game, which is a bit ignorant of the facts. On the premise of holding spot currency, the risk and volatility of Bitcoin are even much lower than many A-share large-cap blue-chip stocks.
The A-share GEM and Science and Technology Innovation Board have a daily price limit of 20%, while the main board stocks have a 10% price limit.
In fact, a market capitalization giant like Moutai that is similar to Bitcoin will suffer a sharp drop of more than 20% in a week, and daily fluctuations of more than 10% in Bitcoin are actually rare to encounter a few times a year.
Therefore, those who say that the sudden rise and fall of Bitcoin are risky may have neither speculated in A-shares nor Bitcoin, and they are just starting to speculate based on hearsay.
Moreover, when Bitcoin rose by tens of percent not long ago, the media seemed to pay no attention at all. Now it has dropped slightly and immediately started to "plunge".
This kind of sharp drop is mainly to wash away the high leverage in the entire market, and Bitcoin has rebounded back to half of the drop within a few minutes of the big drop. If there are lucky friends in those few minutes, If you can buy with quick eyes and quick hands, it is almost equivalent to completing a risk-free arbitrage.
It is also worth mentioning that Binance, which has been repeatedly discussed by some media before, has almost escaped the impact of being punished by the United States. Although Jiao Liuqun Jiawei: 1816425885 not only started the listing of new coins, even the platform currency has also risen. The main reason that has made the entire market boil recently is that the Bitcoin ETF is about to be approved by sec. This is regarded by the market as a prelude to the compliance of digital currency investment at this stage. Therefore, many people are betting that Bitcoin will rise rapidly in the near future, such as The USDT financial management of a certain large exchange can reach an annualized rate of 10% under such a crazy market, because there are so many people borrowing U to buy coins.
SHIB Price Analysis: With Volatility Approaching 110%, Shiba Inu Poised for Big Moves
Shiba Inu (SHIB) has yet to recover like the overall market and faces resistance at $0.00001. Shibarium trading volume surged 140%, providing support for SHIB's decline. SHIB's volatility hit 108%, signaling a potentially significant move. While the market has rebounded to pre-crash levels, the memecoin space, and the Shiba Inu in particular, has yet to show such a recovery trend. Recently, the price of SHIB has been difficult to attract enough buying power. With the decline in open interest, sellers have taken the advantage. Nonetheless, following the recent surge in SHIB volatility, significant moves are likely to occur in the coming hours as SHIB price seeks to retest its support levels.
Rumors are spreading in the cryptocurrency circle! Will the Bitcoin spot ETF be approved today?
Multiple tweets about Crypto Speculation that the U.S. Securities and Exchange Commission (SEC) will approve a Bitcoin spot ETF today has reached a fever pitch on social media. In addition to a reporter's widely retweeted tweet, a tweet from Grayscale's legal head saying he "just filled out some forms" fueled speculation that approval could come today.
Three Possible Scenarios for Bitcoin ETFs in 2024 Bitcoin exchange-traded funds (ETFs) may be trading in the U.S., making it easier for traditional investors to access them The SEC had rejected it for 10 years before, and this time it is expected to have a 90% chance of approval. These three scenarios may occur: First, failure to obtain approval will shock the market, but experts believe that the possibility is small. Second, 14 companies sought approval, and funds were either dispersed or flowed to Grayscale’s GBTC. Third, although we are optimistic about ETFs in the long term, initial flows may be calm. The market may gradually see an influx of funds after approval, but it will not immediately trigger explosive prices. What do you think?
Global ETF issuers hold 793,000 Bitcoins, and Grayscale GBTC accounts for nearly 80%, hiding "huge selling pressure"?
The U.S. Securities and Exchange Commission (SEC) is currently reviewing Bitcoin spot ETF applications submitted by 13 issuers such as BlackRock and Grayscale. The market also generally believes that we will usher in early January 2024. The first Bitcoin spot ETF has made Bitcoin a mainstream investment target for traditional financial institutions. Grayscale holdings account for 3% of total Bitcoin In this context, the cryptocurrency data platform CoinGecko recently released a research report and compiled that currently listed Bitcoin-related ETFs (futures/spots) around the world hold a total of approximately 793,034 Bitcoins (approximately US$34 billion). Accounting for 3.8% of the total Bitcoin supply (21 million coins).
Despite being kicked out, Zhao Changpeng's wealth is expected to increase by nearly $25 billion by 2023. Other crypto tycoons are not to be outdone.
On Tuesday (December 26), although Binance founder Changpeng Zhao may go to jail next year after pleading guilty to U.S. criminal charges in November, 2023 will be a good year for him. According to the Bloomberg Billionaires Index, Zhao Changpeng's wealth is estimated to have increased by nearly $25 billion this year. Bitcoin rebounded more than 160% in 2023 after the 2022 market crash, and Changpeng Zhao topped the list among crypto entrepreneurs with estimated net worth surges in 2023. Coinbase Global CEO Brian Armstrong and twin brothers Cameron and Tyler Winklevoss have also recovered billions in their fortunes.
Want to get big profits next? Focus on these three directions to configure!
The position allocation is dynamically adjusted. Recently, I have found that many people are either stubborn or go to the extreme of buying small coins for everything, which is a mess.
Big results in the currency circle are usually earned during the craze of a certain track at a certain stage.
At the same time, most of those who failed to make money or even lost money in the end were because they did not quickly follow up with some large positions when the main track was enthusiastic. Instead, they turned themselves into ostriches and only clung to a lukewarm position. Hot track!
So, next, I will focus on and for me, I must have some positions to seize a suitable time to lay out the track. There are only these 3 tracks in total:
After speculating on big pie ecology such as Brc20 ordi, speculating on the Ethereum system, Cancun upgrading L2 second floor Op arb, etc., as mentioned before, the situation is changing, and there will not be only one hotspot. The bull cycle is like this, with flowing seats and hot spots taking turns. The rise of copycats in the past two months is just the appetizer before the official start of Daniel. (Of course not all B can be successful in Daniu, it depends on the type of B) After the halving next year, the pie will officially enter the big bull cycle. Big funds will become bolder and will have no fear to enter the B circle. By then, it is expected that the BRC20 pie ecology and infrastructure, as well as the Ethereum system, and web3.0 related concept, the next wave will be stronger and more violent. If you were 16,000 last year or 25,000 in September this year, don’t be discouraged. Everything has just begun. There will be many new projects coming online next year. There are many opportunities to make a comeback. As I said a long time ago, this round of big players Only by focusing on copycats can we achieve freedom. Look at the picture and communicate with Weixin 1521221721. Pay attention to the date. They are all previous buying recommendations. Reject hindsight. If you want to buy now, look for those in the Ether system that have not risen. It is not recommended to chase them randomly.
Solana Price Surges Over 30% and Flips BNB! Can SOL Price Hold Gains?
The Solana token continues to show significant price action as it has managed to overtake Binance Coin and rank fourth among the top 100 cryptocurrencies by market capitalization. Additionally, SOL price continues to struggle above the key resistance at $100, suggesting a strong liquidation point at this level. Solana token briefly traded in a range between $54.01 and $59.73 before the price rose and broke out of the range. The rally was short-lived as bulls encountered rejection at $65.90.
After that, the price traded sideways between $59.73 and $65.90. As the market regained momentum, bulls rallied over 33% before encountering rejection at $79.65. SOL price has subsequently been trading within a composite range between $65.90 and $79.65 for nearly two weeks.
How much SHIB would you need to become a millionaire if it reached $2?
Considering the current market conditions, the quest to become a Shiba Inu millionaire requires careful strategy and a timely start. In current market conditions, taking advantage of today's opportunity to acquire SHIB could yield significant gains. However, the question remains: How many SHIBs are needed to achieve a million-dollar fortune? As of the latest market update, SHIB was valued at $0.00001039. Additionally, $207,166,834 worth of SHIB was traded on the exchange in the last 24 hours. For those SHIB millionaires hoping to hit the $1 million mark at $2 apiece, the formula is clear: Divide the $1,000,000 expected goal by the $2 price. The math is equivalent to acquiring 500,000 SHIB.
Market sectors rotate one after another This is a good trend continuation phenomenon
Ethereum ecological relay, OP/ARB leads the surge At present, the BRC20 hype has gradually subsided, and both the token and the chart are undergoing a correction.
If you have the ability, try to catch up on the board rotation. If you don’t have the ability, it is recommended to buy high-quality BRC20 tokens in batches. The first small wave is driven by AI/gamefi, the second large wave is driven by BRC20, and this third wave is currently led by tokens in the ETH ecosystem. This is completely a scene of bull market sector rotation. However, it seems that, indeed, no one has said goodbye to 18,000, goodbye to 15,000, or even a new low of 12,000-8,000 dollars for a long time.
Of course, at this stage, there is not much talk about the violent bull market going straight to $120,000. But quite a lot of people are reminding me that this wave is almost done. Going up is more risky, but there is room going down, which is suitable for the development of Hu Wei Xin 1521221721. I almost have the same idea. Just get the spot, but you have to be more relaxed and control your contract.
Will the Shiba Inu team burning another 8.5 billion SHIBs trigger further price increases?
The popular meme cryptocurrency Shiba Inu (SHIB) has recently seen a price increase due to a massive token burn. On Friday, December 22, 2023, SHIB recorded another severe burn at Shibarium. Over 8.4 billion SHIB tokens were burned in this transaction, the fourth burn conducted by Shibarium. Shiba Inu price increases are expected to get a boost due to the latest update. Latest SHIB Overview Burn On Shibarium As reported by Shibburn, in the latest SHIB burn transaction, 8.47 billion tokens were found to be transferred from unknown wallet 0xc7d.. to dead wallets. However, taking into account the massive burn on the last day, the SHIB burn rate dropped by 1.12%.
Bitcoin and Ethereum market analysis on December 23: BTC, ETH weekend highlights
Market Analysis Review The overall trend of the market yesterday was driven by the second pie to make up for the increase, especially the coins in the L2 sector were rotated with the Cancun upgrade. There was a wave of counterfeit coins rising, but today, most of the coins in the Inscription series have been cut in half. I have been reminding everyone in the early stage that you must pay attention to the Inscription series. It is the same as the oil refining in 2021. The market's FOMO sentiment is serious, so everyone will participate in the Inscription innovation. However, if you did not participate in the early stage, you will not get the meat. If you participate in the later stage, it will not be If you drink some soup, you will get a free copy. In the next market, we will still pay attention to a few sectors. I have always reminded everyone, games, L2, and currencies in the defi sector. The current subjective consciousness is still the same, and we do not pay attention to the rise and fall of the big pie and the second pie. , these are not important, but how to choose the rise of the copycat. I have emphasized many times in the early stage that the maximum decline of the copycat will not exceed 20% regardless of whether the pie will fall to 36,000, so keep a certain position. Just make amends.
Weekend Highlights The market of Big Pie was basically in a sideways stage yesterday, without any big fluctuations. The market was mainly driven by the second pie yesterday, so the current view of Big Pie is still based on the resistance point of 300 points above and below 44000. , if you don’t break the current high point, you will not hit the previous high point near 45,000. The support point is: the four-hour level. Exchange Weixin 1521221721 Note 42600-800 range first line. The daily level support point is focused on 42000. Point near a line The price of Erbiao yesterday’s supplementary increase reached a previous high point near 2330. According to the four-hour level, this position is currently a high point resistance position. The first line of support point below focuses on the line near 2200-2220. The effective daily support point is focused on the 2160-80 range. Just pay attention.
Shibarium just destroyed 8.5 billion SHIBs as prices recover. How high will SHIB scarcity push its price?
The second-largest dog-themed digital token, the Shiba Inu, is starting to make a comeback. Its comeback is reflected not only in its price growth but also in its search for scarcity through the destruction of SHIB. In the latest twist in the burning saga, the Shiba Inu team burned a staggering 8.53 billion SHIB tokens, adding fuel to a fire that has consumed over 25 billion tokens in just 18 days.
From BONE Gas to SHIB Ashes This isn't just a symbolic gesture, it's an inferno orchestrated by Shibarium (Shiba Inu Tier 2 solution). A portion of the gas fees generated on Shibarium are automatically sent to a "death wallet," effectively removing them from circulation forever.