and the broader cryptocurrency market continue to suffer steep losses so far this month, even as global stocks have returned to record highs after overcoming concerns about the U.S. economy’s growth.
The largest digital currency has fallen about 9% in August, lagging a roughly 1% gain in the MSCI World Equity Index, along with a jump in gold prices to an all-time high. The Bloomberg World Bond Index has also gained about 2% in the same period.
Analysts have warned of the risks of disposing of bitcoin seized by the U.S. government, which is believed to hold about $12 billion in cryptocurrencies, as they see the move as one of the challenges facing digital assets. Blockchain data suggests that the U.S. government last week moved $600 million worth of seized bitcoin to a wallet on an exchange run by Coinbase Global, according to an analysis by Arkham Intelligence.
The potential U.S. government sales are “causing temporary downward pressure on prices,” said Khushboo Khullar, an investment partner at Lightning Ventures, which invests in bitcoin-related companies. “We expect this gap to end soon.”
A leading analyst in South Korea has predicted that Bitcoin’s price growth over the next decade will be limited to a “ceiling” of 642%, according to News1. This prediction came in a report by Hanwha Investment & Securities researcher Kim Yu-min titled “Bitcoin: From Futuristic Fantasy to Wall Street.” Bitcoin Price Growth: Lowest and Highest Possible Prices According to News1, Kim’s analysis revealed that “Bitcoin’s future price will rise by at least 84% and at most 642%” over the next decade, compared to current prices. The news agency reported that a 642% rise in Bitcoin’s price would mean it would reach “about 616 million won (South Korean currency), equivalent to $460,790” by 2034. #bitcoin
Binance’s new CEO Richard Teng sees no need for IPO -Coindesk $BNB Binance’s new CEO Richard Teng sees no need for IPO - Coindesk “Our financial position is exceptionally strong, so there is no current need for us to consider raising funds through public offerings or launching an IPO,” Teng said. “Since the fifth month of Binance’s operations, the company has been profitable and very prudent in its spending. Therefore, the topic of an IPO has not been raised
Blockchain is a decentralized digital ledger that securely records transaction data across multiple specialized computers on a network.
Blockchain ensures data integrity through its immutable nature via encryption and consensus mechanisms, meaning that once information is recorded, it cannot be changed retroactively.
Blockchain forms the backbone of cryptocurrencies such as Bitcoin and Ethereum, and is instrumental in enhancing transparency, security, and trust across industries, not just finance.
🟢 It is known that sharp price fluctuations can be stressful and trigger emotional decisions. You may find yourself looking at your wallet You are thinking of selling everything you own to avoid greater losses.
🟢 Over the past months and over the past years; The loser is the one who sold at a loss; As for those who keep their coins, they will profit many times over.
🟢 Remember that Ethereum #etherreum #etherreum started with $0.34, and remember that Bitcoin#bitcoinremained for a long time, for several months, less than one dollar, as it started with 0.001😮$BTC #BTC☀ $etherreum
The US Securities and Exchange Commission announces the permanent suspension of the investigation into Ethereum. Here are the full details and finally a list of four coins that will take off as Ethereum rises.
In a landmark decision, the US Securities and Exchange Commission (SEC) has announced that it is permanently halting its investigation into Ethereum. This investigation, which was focused on classifying Ethereum as a security, has been a source of uncertainty for the cryptocurrency industry. The SEC's move is seen as an important regulatory event, which may clarify Ethereum's legal status and ease concerns from developers and investors. This decision may also impact the broader regulatory approach to other cryptocurrencies, setting a precedent for how digital assets are valued under US securities laws. The suspension could pave the way for more robust development within the Ethereum ecosystem and boost confidence among market participants. Here is a list of the top 4 currencies that will thrive with the rise of Ethereum: 1. $ETH . $ARB 3. (...) 4. $OP The fourth currency will be at the top among these four currencies. Complete 100 likes and ask in the comments. When 100 likes are complete, I will pin the name of the coin in the comment box. So, follow#MU_Tradersif you don't want to miss this rally. #etherreum #EthereumNameservise #ETHETFsApproved #SecurityConfirmation ##PUMP! Don't miss the opportunity
The negative effect of loss outweighs the positive effect of gain, as psychology tells us that the psychological pain caused by losing an amount of money exceeds the happiness caused by winning the same amount. Research estimates that Pain is at least twice as good as happiness...
As we have seen how the pain of loss is one of the most influential obstacles on the trader, the fear of being exposed to this pain in itself becomes a new obstacle facing the trader, especially if it does not pass... The trader has been trading for a long time since he experienced the pain of loss.
Mistakes made by a trader due to fear of loss Trading without stop loss.
Moving the stop loss to a point beyond the point specified when entering the deal.
Exit the trade once you make a small profit Staying away from the market or hesitating to enter good trades after experiencing a series of losses.
In digital currencies, you do not miss the opportunity to sell due to greed, nor the opportunity to buy due to fear. I hope that this article will not go unnoticed, but rather make it an investment approach for you and success will be yours When I say “Never miss a selling opportunity out of greed or a buying opportunity out of fear,” I mean that trading in cryptocurrencies requires making logical decisions based on technical and fundamental analysis, rather than responding to emotions such as greed and fear. Greedy Sell When the price of the cryptocurrency you hold rises significantly, traders may be tempted to overhold it, despite market signals that it may begin to decline. This greed can lead to losing the opportunity to sell at good prices before prices drop again. . Fear of buying: When cryptocurrency prices fall sharply, traders may feel afraid that prices will continue to fall, making them hesitant to buy. Sometimes, this fear can make them miss the opportunity to buy at low prices before prices rise again. Therefore, it is always important to trade based on solid plans and pre-defined strategies, and not allow emotions such as greed and fear to influence investment decisions. #Solana’ #Binance #Bitcoin❗ #btc70k #BNB $PEPE