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vendicrypto
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Crypto enthusiast | Passionate trader | Part of the Binance family since 2022 | Sharing my crypto journey and insights | #BinanceTurns7
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The Fed Holds US Interest Rates, Bitcoin Price Drops to US$64,000
The Fed Decision: The Federal Reserve decided to maintain US interest rates at 5.25%-5.50%.
Bitcoin Price: Down more than 3% from US$66,500 to US$64,000.
Liquidations: Liquidations of long positions amounted to US$46.57 million out of a total liquidation of US$54.86 million in the last 24 hours.
Altcoins: Biggest decliners were SOL (-5%), XRP (-5%), ADA (-4%), and AVAX (-3%).
Liquidation Data:
Traders Liquidated: 50,720 traders with total liquidations reaching US$183.6 million (Rp2.9 trillion).
Rate Cut Signals:
Fed Chairman: Jerome Powell hints at possible interest rate cut in September.
Bitcoin Price: Down more than 3% from US$66,500 to US$64,000.
Liquidations: Liquidations of long positions amounted to US$46.57 million out of a total liquidation of US$54.86 million in the last 24 hours.
Altcoins: Biggest decliners were SOL (-5%), XRP (-5%), ADA (-4%), and AVAX (-3%).
Liquidation Data:
Traders Liquidated: 50,720 traders with total liquidations reaching US$183.6 million (Rp2.9 trillion).
Rate Cut Signals:
Fed Chairman: Jerome Powell hints at possible interest rate cut in September.
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Crypto Investment Products Set Record, Achieving Rp288.3 Trillion Inflow
Global crypto investment products set a new record with incoming funds reaching US$17.8 billion (around Rp288.3 trillion) based on the year-to-date (YTD). This figure surpasses the previous achievement in 2021 of US$10.6 billion (Rp171.7 trillion).
Highlights:
Weekly Fund Flow: US$1.44 billion (Rp23.3 trillion) last week despite the crypto market decline.
Top Contributing Countries: US (US$1.3 billion), followed by Switzerland, Hong Kong, and Canada.
Trading Volume: Relatively low at US$8.9 billion compared to this year's weekly average of US$21 billion.
Highlights:
Weekly Fund Flow: US$1.44 billion (Rp23.3 trillion) last week despite the crypto market decline.
Top Contributing Countries: US (US$1.3 billion), followed by Switzerland, Hong Kong, and Canada.
Trading Volume: Relatively low at US$8.9 billion compared to this year's weekly average of US$21 billion.
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BlackRock CEO Recognizes Bitcoin as Legitimate Financial Instrument
Larry Fink, CEO of BlackRock, who was once skeptical of Bitcoin, now admits that Bitcoin can be considered a legitimate financial instrument. In an interview with CNBC on July 15, 2024, Fink called Bitcoin “digital gold” and a hedge against economic instability.
Larry Fink's New Look:
Fink previously called Bitcoin a “money laundering index” and reflected its speculative nature.
Today, he believes Bitcoin should be part of every investor's portfolio because of its potential to provide uncorrelated returns and financial control.
Larry Fink's New Look:
Fink previously called Bitcoin a “money laundering index” and reflected its speculative nature.
Today, he believes Bitcoin should be part of every investor's portfolio because of its potential to provide uncorrelated returns and financial control.
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Bitcoin Whale Transfers Rp1 Trillion
Whale Alert reports that a Bitcoin wallet address that has been inactive for a decade has transferred $68 million to a new address. The wallet was created on September 26, 2012, with a Bitcoin price of around $12.06. The value of the Bitcoin in the wallet has increased by almost 500 thousand percent since then.
Bitcoin Whale Activity Increases Again:
On July 9, 2024, an address that had been dormant for a decade moved 149 BTC worth US$8.9 million.On July 4, 2024, another address moved 119 BTC worth US$6.8 million.
Bitcoin Whale Activity Increases Again:
On July 9, 2024, an address that had been dormant for a decade moved 149 BTC worth US$8.9 million.On July 4, 2024, another address moved 119 BTC worth US$6.8 million.
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German Government Officially Sells All Its Bitcoin Holdings
The German government has sold its entire Bitcoin holdings, 49,860 $BTC worth around US$2.9 billion, through various exchanges and over-the-counter (OTC) services over the past three weeks.
The last sale took place on July 12, with Bitcoin sent to Coinbase, Kraken, Bitstamp, and unknown addresses.The sell-off has sparked fear in the crypto market, causing Bitcoin prices to drop to US$53,000 on July 5, but has rebounded to US$62,500 on July 15 thanks to the political situation in the US.
The last sale took place on July 12, with Bitcoin sent to Coinbase, Kraken, Bitstamp, and unknown addresses.The sell-off has sparked fear in the crypto market, causing Bitcoin prices to drop to US$53,000 on July 5, but has rebounded to US$62,500 on July 15 thanks to the political situation in the US.
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Bitcoin Prices Rise After Dramatic Incident Befalls Donald Trump
On July 15, 2024, the price of Bitcoin soared past the US$62,000 mark, rising more than four percent in the last 24 hours. This increase was triggered by news regarding the assassination attempt on former US President, Donald Trump, which occurred on July 13 in Pennsylvania. The incident occurred while Trump was attending a campaign rally. Although potentially life-threatening, this assassination attempt was thwarted by security forces, and Trump did not suffer serious injuries.
Impact on Prices of Bitcoin and Other Cryptos
Impact on Prices of Bitcoin and Other Cryptos
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100 DeFi Protocol Sites Threatened by Hacking!
The world of DeFi (Decentralized Finance) was shocked by cyber attacks that threatened more than 100 protocols. This incident involved a domain registry attack that redirected users to a malicious website, potentially stealing sensitive information and funds from unwary users.
Chronology of Attacks
According to a report from Blockaid, attackers exploited a weakness in Squarespace's website creation service. They manipulated the DNS (Domain Name System) of several leading DeFi sites, including Compound Finance and Celer Network. For example, users trying to access the Compound Finance interface in the compound.finance domain were redirected to a fake website with a drainer application designed to steal user tokens.
Chronology of Attacks
According to a report from Blockaid, attackers exploited a weakness in Squarespace's website creation service. They manipulated the DNS (Domain Name System) of several leading DeFi sites, including Compound Finance and Celer Network. For example, users trying to access the Compound Finance interface in the compound.finance domain were redirected to a fake website with a drainer application designed to steal user tokens.
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Futures Trading Strategies and Techniques for Beginners: Increasing Skills
Entering the world of futures trading can be an exciting and challenging experience. After understanding the basics and initial tips, it is important for beginners to know more in-depth strategies and techniques that can increase their chances of success. This article will discuss futures trading strategies, risk management techniques, and tips for improving your trading skills.
Strategi Trading Futures
Trend Following: This strategy involves following the direction of the market trend. If the market shows an uptrend, you open a long position; if the trend is down, you open a short position. Use indicators such as Moving Averages to help identify trends.
Strategi Trading Futures
Trend Following: This strategy involves following the direction of the market trend. If the market shows an uptrend, you open a long position; if the trend is down, you open a short position. Use indicators such as Moving Averages to help identify trends.
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Bitcoin speculation holds 2.8 million BTC in 'worst performing' price cycle
Long-term Bitcoin holders refuse to sell in the “deepest correction” of the current $BTC price cycle.
Long-term Bitcoin holders refuse to sell in the “deepest correction” of the current $BTC price cycle.
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Futures Trading Tutorial and Tips for Beginners: Complete Guide
Trading futures in the crypto market can be an interesting way to make a profit. However, for beginners, understanding how futures trading works can be a little confusing. In this article, we will discuss the basics of futures trading, provide practical tips, and explain strategies you can use.
What is Futures Trading?
Futures trading is a contract between two parties to buy or sell a specific asset at an agreed price in the future. In the crypto market, this means you can speculate on the price of cryptocurrencies like Bitcoin or Ethereum without actually owning the asset.
What is Futures Trading?
Futures trading is a contract between two parties to buy or sell a specific asset at an agreed price in the future. In the crypto market, this means you can speculate on the price of cryptocurrencies like Bitcoin or Ethereum without actually owning the asset.
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Q3 tends to be the weakest seasonal period at $BTC while Q4 tends to be the strongest. BTC had to cover supply distribution from bankrupt farms in Q3.
Q4 is likely to offer strength stemming from the US election, the halving effect taking effect, cash distribution from FTX estates, and easing macro conditions.
Q4 is likely to offer strength stemming from the US election, the halving effect taking effect, cash distribution from FTX estates, and easing macro conditions.
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Currently, weekend trading volume $BTC is at an all-time low of 16% in 2024, marking a 12 percentage point decline from its peak of 28% in 2019
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Despite the healthy profitability of investors, the magnitude of the volumes processed and transferred on the $BTC Network after the ATH has decreased drastically.
This underscores reduced interest in speculating and increasing doubt in the market.
This underscores reduced interest in speculating and increasing doubt in the market.
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Monthly stablecoin transfer volume increased ~10x over the last 4 years. From $100 billion to $1T+ per month
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Since the start of 2023, Bitcoin's 60-day historical volatility has remained below 50%, in stark contrast to significant fluctuations in 2022, when volatility exceeded 100%.
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USD-backed stablecoins continue to dominate the crypto market. Nearly 90% of all crypto transactions are executed using USD-backed stablecoins relative to USD. Their average weekly volume in 2024 is $ 270 billion which is 70 times higher than their counterparts in the European Union.
In contrast, only 1.1% of all transactions were made using Euro-backed stablecoins. However, it is worth noting that this share has increased from near zero in 2020 and is currently at an all-time high.
In contrast, only 1.1% of all transactions were made using Euro-backed stablecoins. However, it is worth noting that this share has increased from near zero in 2020 and is currently at an all-time high.
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Bitcoin Price Stagnant Despite Slowing US Inflation: Here's Why
The US Bureau of Labor Statistics (BLS) recently released the Consumer Price Index (CPI) for June, showing a figure of 3% year over year. Despite slowing US inflation, the price of Bitcoin (BTC) only rose briefly to as low as US$58,000 before falling back to US$57,000 in the last 24 hours.
Factors Influencing Bitcoin Price Stagnation
1. Uncertainty regarding US Interest Rates
The lower CPI reading strengthened market expectations of a September rate cut. However, Federal Reserve Chairman Jerome Powell emphasized that the Fed is not ready for this move, adding to the uncertainty affecting Bitcoin's reach of the US$58,000 level.
Factors Influencing Bitcoin Price Stagnation
1. Uncertainty regarding US Interest Rates
The lower CPI reading strengthened market expectations of a September rate cut. However, Federal Reserve Chairman Jerome Powell emphasized that the Fed is not ready for this move, adding to the uncertainty affecting Bitcoin's reach of the US$58,000 level.
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BlackRock Accumulates Bitcoin Amid Sell-Off by German Government
The German government continues to reduce its Bitcoin holdings amid a broad market price decline. On the other hand, BlackRock seems to be taking advantage of this situation to accumulate more Bitcoin.
Bitcoin Sale by the German Government
Based on data from Arkham Intelligence as of Thursday (11/7/2024), the German government has resumed its Bitcoin sales and now only has 13,177 $BTC worth almost US$766 million left, out of a total of 50,000 $BTC previously confiscated from the illegal streaming platform Movie2k. This selling action has triggered pressure on the price of Bitcoin, which fell below the level of US$60,000 and continued to fall to US$53,000 on July 5.
Bitcoin Sale by the German Government
Based on data from Arkham Intelligence as of Thursday (11/7/2024), the German government has resumed its Bitcoin sales and now only has 13,177 $BTC worth almost US$766 million left, out of a total of 50,000 $BTC previously confiscated from the illegal streaming platform Movie2k. This selling action has triggered pressure on the price of Bitcoin, which fell below the level of US$60,000 and continued to fall to US$53,000 on July 5.
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ThanksgivingBTCMoves
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Bitcoin Price Alert!!!
BTC moves ups and down and we have seen a very big pump in this month, almost 30k+, last week btc makes every day ATH so we have seen very strong buying zone, but now btc moves towards downfall before hitting 99k, BTC reach 99500 some thing but never moves just 400 dollars more to hit 100k, 100k is psychological figure so many traders make long trade at this zone. But btc reverse back and liquidate many traders and this liquidation Still on.
So maybe i am wrong but market overall movement shows that btc touches 97k and then reverse back 90k-92k. But lot of buyers making profit in thsese moves profit touches 5B dollars so these moves with the market and makes BTC strong, 30k dollars in just few days...
As we have seen a some parallel market movememt from 1-2 days but after looking chart and 24h trading volume, trading volume is very low its just 44B, so i think btc shows some bullish trend for attract buyers to open long trades but if here some one open long trade they liquidate you.
BTC still in bullish zone but i think this bullish trend convert into bearish zone today. so becareful and prepared for every thing. Stay away this small trading volume market. Whales activity is on.
Thankyou and Thanks for your precious time...
#ThanksgivingBTCMoves
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