The trading volume of Bitcoin and Ethereum ETFs, which were launched on the London Stock Exchange on May 28, has so far been only 500 thousand dollars in total. #ETHETFsApproved #BTC #bitcoin $BTC $ETH #BTC☀ #ETH🔥🔥🔥🔥
🚨📰 breaking news Binance delists 4 pairs of digital currencies #Binance, which has delisted many cryptocurrencies in recent days and even added one of the most well-known cryptocurrencies such as Monero, The exchange announced yesterday that it will analyze 4 more trading pairs outside the market. The Binance exchange has announced that it is delisting 4 cryptocurrency trading pairs. According to this statement, trading pairs "FLOW/BNB, GMT/ETH, ONE/BNB, PUNDIX/ETH" from 03:00 UTC on 9 February are not listed on the exchange. This information states that the removal of these trading pairs from the platform will not change the position of the corresponding cryptocurrencies on the exchange, and other trading pairs will remain open. The services of the spot transactions robot are also terminated in this case. Binance, which has recently delisted many coins, announced yesterday that it will delist Monero (XMR), one of the oldest and best-known cryptocurrencies in the cryptocurrency industry, from the platform on February 20 due to privacy concerns. It is known and an asset that regulators are also opposed to. After Binance's announcement, the price dropped by more than 40%. From Monroe.
مدیر عامل @Ripple - Brad GarlinghouseRipple تنها شرکتی با مشتریان واقعی است که مشکلات واقعی را حل می کند! XRP مشکلات بانک های مرکزی و موسسات بزرگ را حل می کند.#XRP به ما نیاز ندارد، ما به XRP نیاز داریم!
Bitcoin (BTC) rose 2.21% to fall below USDT 48,000 in 24 hours. On February 11, 2024, 14:11 PM (UTC). According to Binance market data, Bitcoin has fallen below USDT 48,000 and is now trading at USDT 47,981.640625, up 2.21% in 24 hours.
US Department of Energy Mandatory Survey of Bitcoin Miners Faced with Criticism According to a Bloomberg report, the US Department of Energy's new mandatory survey of Bitcoin miners has been criticized as an abuse of power by the Biden administration. Two groups, including the Texas Blockchain Council, argue that the Energy Information Administration's (EIA) emergency action is a federal overreach that will have ramifications for all industries that rely on data centers for their operations. In response, the EIA stated that they are conducting multiple surveys with energy producers and consumers and hope to work with cryptocurrency companies to provide a clear understanding of energy consumption. Bitcoin mining requires significant energy consumption, which raises concerns among policymakers and electricity grid planners about the strain on US grids and energy-related carbon dioxide emissions. Freeing up electricity for others to use during critical times helps reduce grid stress
Today, the price of Bitcoin has experienced a downward slope during market transactions, and the value of each unit reached 42,955 (forty-two thousand nine hundred and fifty-five) dollars, which has decreased by 0.64% compared to the previous day. .
According to the report of World Economy, today in the digital currency market, the price of Bitcoin has decreased and the price of Ethereum has increased.
According to Michael Silver, the founder of Microstrategy, the company bought another 850 bitcoins in January (December) for $37.2 million, which brings the average price paid for each bitcoin to about $43,765.
History does not repeat itself, but it often rhymes. Legendary trader Peter Brandt suggests we are on the cusp of another parabolic Bitcoin run. The charts, laden with their peaks and troughs, paint a picture that resonates with the past.
Brandt's analysis draws upon a method similar to Elliott Wave Theory, which postulates that markets move in predictable, wavelike patterns. These patterns are fueled by investor psychology, often reflected in a succession of waves characterized by peaks and troughs. Brandt's recent charts appear to mimic these wavelike patterns, hinting at a potential parabolic surge in Bitcoin's value.
The charts reveal a sequential pattern, labeled in a whimsically unorthodox manner — bump, hump, slump, pump and dump. This sequence aligns with the Elliott Wave's principle of market cycles. It is not just the pattern's naming that demands attention; it is the recurrence of this formation that has previously heralded significant price movements
In the provided charts, the "bump" stage corresponds with a strong bullish momentum, followed by a "hump," a period of consolidation. The subsequent "slump" often leads to a pivotal "pump," which could potentially be a catalyst for exponential growth. The final stage, "dump," serves as a reminder of the market's volatility and the eventual return to equilibrium.
If Bitcoin maintains support and breaks past key resistance levels, the envisioned parabolic growth trajectory could unfold. Conversely, failing to uphold these supports could see Bitcoin retracting, deferring the anticipated surge.
Only time, coupled with the collective psyche of investors, will tell if Brandt's theory becomes a reality. For now, the crypto community is still recovering after the most recent Solana outage that shook up the altcoin and cryptocurrency markets in general.