Bitcoin has many skeptics as a result of its extraordinarily novel design and purpose. They weren’t so certain in 2023, however, that the project would ultimately fail.

Rumors of Bitcoin’s Demise Decline Markedly in 2023

99 Bitcoins, an educational website, has kept a list of “Bitcoin Obituaries” since 2010. This year, the project has only tracked seven articles predicting the currency’s imminent demise.

The first obituary, written when the BTC price was $0.23, said, “Either it will remain a novelty forever, or it will transition from novelty status to dead faster than you can blink.”

By the time Bitcoin price rallied its way to $20,000 in Dec. 2017, the cryptocurrency had gained so many critics as well as supporters that 99 Bitcoins tracked 124 obits that year and 93 during the crypto winter of the following year. There were 27 Bitcoin obits last year. So seven is a low unseen since 2012.

Among this year’s obituary writers were early Facebook investor Chamath Palihapitiya and J.P. Morgan CEO Jamie Dimon. Palihapitiya said, “Crypto is dead in America,” on his All In podcast. Dimon said, “Bitcoin is a hyped-up fraud,” on CNBC’s “Squawk Box.”

Meanwhile, Bitcoin is on the verge of being approved by U.S. regulators at the Securities and Exchange Commission for an ETF product. The development has breathed new life into crypto markets and shows that U.S. courts and regulators do not regard Bitcoin as a fraud.

BTC X/Twitter Reacts

Bitcoin Obituaries pic.twitter.com/Tyt2DNTRw2

— Jameson Lopp (@lopp) December 20, 2023

Casa CTO and co-founder Jameson Lopp made a nice graph of the Bitcoin obituaries bubble, which peaked in 2017. Bitcoin appears poised to long outlive the Bitcoin obituary as an active genre of journalism.

Bitcoin Obituaries pic.twitter.com/Tyt2DNTRw2

— Jameson Lopp (@lopp) December 20, 2023

One Bitcoin trader predicted, “In two to three more cycles (each one is four years), there will be no [Bitcoin] obituaries. At that time, saying #BTC is going to die will be as silly as saying ‘air’ is going to fail.”

The post BTC Staying Power: Bitcoin Declared Dead Only 7 Times in 2023 appeared first on CryptoPotato.

📊 Statistics at the time of writing:
✅ Number of Bitcoin addresses with a non-zero balance: 50 million and growing!
🎉 Historical Moment for the Bitcoin Ecosystem!
We are thrilled to announce that the number of Bitcoin addresses with non-zero balances recently crossed the 50 million threshold! This is not just a number, it is a milestone in the development of the Bitcoin network, highlighting the widespread adoption and participation of people in the cryptocurrency world.

With the whirlwind of bear and bull markets, it is easy to forget that people all over the world use cryptocurrency every day for simple and practical purposes. The "Crypto is Better with Binance" campaign, launched this week, dives into the real stories of our users to find out how cryptocurrency has positively impacted their lives. We are pleased to announce the Binance "Your Content is Better!" competition. Based on the theme of the campaign, we'd like you to create content that highlights your cryptocurrency history - how you first heard about cryptocurrency, how Binance helped you learn about the industry, what products you use most often, what's in Binance's SAFU Fund gives you peace of mind and why cryptocurrency is better with Binance - using creativity to bring your story to life. Topics and Rewards This is a great opportunity for content creators who qualify to earn up to 1 BTC and a share of the $500,000 prize pool. by creating content on the following topics: When did you discover cryptocurrency and Binance Which Binance services or products do you use most often and why do you use them When did Binance products/services impact you positively Why do you feel confident that all user assets are backed 1:1 How Binance impacted your confidence in navigating the crypto marketHow you used Binance to solve a problem that traditional financial services couldn't solve Why you love the Binance communityWhy crypto is better with BinanceHow to participate:Step 1:If you meet the eligibility criteria, we invite you to enter the competition and see if Do you have what it takes to create the best and most interesting content? Videos will be judged on key criteria such as creativity, originality, engagement and reach. To enter the competition, entrants must provide proof of actual number of subscribers or, if the platform does not display subscribers, such as a website, entrants can provide proof of monthly unique user count when filling out the competition entry. Step 2: Share your creation on any public social network or platform using the hashtag #CryptoIsBetter. You can fill out an application for participation in the competition here. The promotion lasts from December 1, 2023, 15:00 (Moscow time) to December 22, 2023, 02:59 (Moscow time). Reward structure For all qualified authors: up to 1 BTC in token vouchers per user a qualified content creator can earn up to 1 BTC in token vouchers by creating and sharing original content on a chosen topic (listed above). Binance will evaluate all submissions based on the evaluation criteria for each reward category. Each entry must receive a minimum of 500 impressions to be considered eligible for the competition.Content creators with fewer than 500 impressions will not be eligible for any rewards from this promotion. Content Quality and Creativity A select panel of judges from the Binance team evaluates all eligible submissions based on their quality and creativity, and provides an overall score for the content submitted by each by a Binance affiliate member as "poor", "good" or "excellent". Content quality rewards are distributed on a rotating basis. Once the reward pool has been fully distributed, content will not receive rewards for poor, good or excellent quality, but will still be eligible to win the "Best Post" award for a prize of 1 BTC. Score for Content Quality and Creativity Reward (in token vouchers)Total Reward Pool Low0 USDT0Good300 USDT$50,000Excellent500 USDT$50,000Best Post1 BTC1 BTCContent PopularityBinance will measure the popularity of each creator's content based on the total number of impressions received during the promotion period. The more activity there is on eligible pieces of content, the more rewards users will receive based on the total number of impressions of their content.Number of views received by all eligible content creatorsReward (in token vouchers)<span impressions0 USDT≥ 2,500 impressions100 USDT≥ 7,500 impressions300 USDT≥ 15,000 impressions600 USDT≥ 25,000 impressions1000 USDT≥ 100,000 impressions3000 USDTFor For complete terms and conditions, please visit this pageFollow follow us on social networks Binance:Telegram groupRussian Telegram channelRussian InstagramYoutube CISRisk Disclaimer: Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the risks involved. You should carefully consider your investing experience, financial situation, investment objectives and risk tolerance and consult with an independent financial advisor before making any investment. This material should not be considered financial advice. Past performance is not a reliable indicator of future profits. The value of your investment may fall as well as rise, and you may not get back the amount of your investment. You are the only one responsible for your investment decisions. Binance is not responsible for any losses you may incur. For more information, please review our Terms of Use and Risk Disclosure.

The post Solana Price Hints Potential Drop! Will SOL Price Retest Its Lows Of $50 Soon? appeared first on Coinpedia Fintech News

The crypto market has recorded a jump of over 1.2% in its value over the past day, with top cryptocurrencies witnessing a positive upswing in their respective portfolios. On the other hand, the SOL price has been displaying a neutral trend for a while now, raising concerns over the price action of Solana for December.

Solana traded in a consolidated range between $38.77 and $42.25 for a while. Following this, the market gained momentum during the first week of November, resulting in a price surge. The SOL price recorded a jump of approximately 42% in the next four days before facing rejection at $59.59.

After this, the coin faced a minor correction, but the bulls held the price strong, resulting in the price experiencing a jump of 11%. Following this, the price was rejected at $61, post which the price made another attempt to break out but faced rejection.

TradingView: SOL/USDT

The SOL price then lost momentum and started trading negatively and tested its crucial support level at $51.32. The SOL token then experienced a trend reversal, resulting in the price witnessing a jump of over 28% in value. Further, the coin recorded a new yearly high at $65.90, after which the bulls lost momentum.

Solana token cut nearly 18% in value and was seen testing its lower support level of $54.01. During the third week of the month, the bulls successfully regained the $60, but the rally was short-lived as the bears overpowered the bulls.

Since then, the price has been trading in a consolidated range between $54.01 and $59.73. Recently, the bulls regained power and managed to push the price above the $60 mark, but the price has been hovering close to its support level, creating uncertainty in the future price action of this crypto.

Will The SOL Price Hit $70 Soon?

The Moving Average Convergence Divergence (MACD) displays a constant decline in the green histogram, indicating a reduction in the market’s ongoing buying and selling pressure. Further, the average shows a bearish convergence possibility, suggesting the price will lose value in the coming days.

If the bulls continue to trade the price above the $60 level, the SOL price will regain momentum and prepare to test its resistance level of $62.81 soon. Further, if the market holds the price at that level, it will set the stage for Solana to attempt to test its upper resistance level of $65.90 in the coming days.

Conversely, if the bears overpowered the bulls, the price would lose momentum and fall to test its support level of $54.01 soon. Moreover, if the bears continue to dominate the market, it will plunge further and prepare to test its lower support level of $51.32 by the week ahead.

We have already talked about how important the adoption of Bitcoin ETF is for the crypto market. Now let's see what other changes can happen to crypto once the ETF is accepted.▶️ Institutional crypto trading in a traditional format. As you know, Bitcoin ETF will allow investors to invest in Bitcoin without a crypto wallet and special technical knowledge. This will bridge the gap between cryptocurrencies and TradFi.▶️ An influx of new funds into Bitcoin and other crypto assets. Undoubtedly, investors will become interested in BTC and start investing in it. Mass adoption of crypto in this case is not far off.▶️ Skew towards centralization. One of the unobvious consequences of the adoption of Bitcoin ETF may be a decrease in the decentralization of this asset. The fact is that BlackRock asset managers will reach the point of owning a large ETF and will be able to invest so much in BTC that they will almost become a monopoly. This could become a real threat to the decentralization of Bitcoin. Nevertheless, the adoption of Bitcoin ETF is likely to have a positive impact on the crypto market and allow it to reach the level of mass adoption.#BTC🔥🔥 #CryptoLady #CryptoNews #Crypto2023 #BinanceSquareTalks

Cryptocurrency trader Daan Crоpto Trades noticed that the price of ORDI (ORDI) has increased by more than three times in just two weeks. He believes that it would be a good idea for traders to stock up on the token during a short-term fall or closer to the Bitcoin halving. The massive jump in ORDI prices occurred after the well-known The cryptocurrency exchange Binance announced the listing of the token and mistakenly associated it with the Bitcoin Ordinals project. As a result, according to CoinMarketCap, over the last 24 hours, the price of ORDI has risen by more than 6%. As a result, the altcoin has set a 24-hour maximum price of $15.25, however, today, the intraday volume of ORDI fell by 43% to $347,992,464 Weekly success of ORDI reached +178.19%, monthly - +341.48%.Nevertheless, the market capitalization of ORDI increased to $316,717,206, which placed the altcoin in 115th place overall. e rating of cryptocurrencies. Positive impulse ORDI, likely , was also sparked by media attention to the token after Ordinals creator Casey Podarmore stated that ORDI has absolutely nothing to do with his project. He also asked Binance representatives to remove all information from the asset listings page. After this, Binance indicated the correct ORDI data, and also removed all links related to the ordinal data. to the inscriptions. In any case, the exchange error provided ORDI with the opportunity for price growth.

Despite the short-term consolidation until November 7, yesterday Bitcoin (BTC) again crossed the $35,000 level and reached above $35,500.Thanks to this, almost 80% of its owners are currently making a profit, and participants in the crypto sector are closely monitoring the situation and waiting for further growth. 17% of Bitcoin owners suffer losses, as evidenced by data from the analytical platform IntoTheBlock.

Date: 10/28/23
Author: CRYPTOUSDUA
Bitcoin (BTC), the king of cryptocurrencies, continues to be the focus of attention among traders and investors, and its technical analysis plays an important role in trying to predict future price movements. In this article we will look at the analysis of BTC/USDT and the features of a significant horizontal resistance level on the weekly chart.