Bitcoin to hit $100K in 2024. 📈 Goal or empty promise❓🤨
Volatility and the lack of a clear uptrend make it difficult to predict whether Bitcoin will hit $100,000 in 2024.
•Resistance at the all-time high: Bitcoin has repeatedly crashed into its all-time high, forming a ceiling that prevents a significant advance.
•Declining highs: The inability to break through the all-time high and the formation of increasingly lower highs suggest a possible downtrend.
•External uncertainty: External factors such as inflation and monetary policies generate volatility and distrust in investors.
•Waiting for a clear signal: Investors are waiting for a signal that indicates a clear uptrend before making decisions.
In conclusion, given the current situation, it is difficult to say with certainty that Bitcoin will hit $100,000 in 2024. A breakout of the current resistance and a stronger uptrend are needed to support such a prediction. $BTC #Bitcoin #BTC☀️
🤨Opportunity or risk? 🧐 🐋💰 Whales and big investors take advantage of Bitcoin's drop 📉
#MarketDownturn In recent days, Bitcoin (BTC) has experienced notable volatility, with its price falling from almost $70,000 on July 29 to $49,356 on August 5, before recovering to over $55,000. While many retail investors have sold their BTC to avoid losses, large investors, known as "whales," have taken advantage of this drop to accumulate more BTC, showing confidence in its long-term recovery. In addition, it is observed that institutional investors are also buying BTC during these price drops, suggesting that they consider these moments as opportunities to acquire the cryptocurrency at a reduced cost, with the expectation that its value will recover in the future.
📢 💼 The Fed keeps interest rates unchanged: Powell warns that the work against inflation is not over📢📢
📈 The main Wall Street indices have closed higher after the Federal Reserve's decision to keep interest rates unchanged, with notable increases in the Nasdaq (+2.64%). Fed Chairman Jerome Powell has suggested that a rate cut could happen in September if economic data is favorable 📉, although he has emphasized that the work against inflation is not yet finished 💼.🌍 In other markets, oil has recorded significant increases 🛢️, the euro and gold have appreciated 💶💰, and bitcoin has fallen 📉. Powell has also expressed concern about the labor market 👷♂️, although the Fed remains confident in achieving its 2% inflation target 🎯. #Bitcoin $BTC #FederalReserve #Powell #WallStreet
🇷🇺 Russia approves bitcoin mining ⛏️ and the use of cryptocurrencies 💰 in international payments
In the coming months, the Central Bank of Russia will launch a platform for cryptocurrency payments due to sanctions. The State Duma approved an experimental legal regime that allows cross-border payments with cryptocurrencies and legalizes bitcoin mining. This legislative development is the result of intense interdepartmental debate and work. The Central Bank of Russia will be responsible for implementing this new alternative payment system, which will come into effect on September 1. This measure responds to Russia's difficulties in making international payments following sanctions imposed by the United States and other countries.
📢 Twist at the Bitcoin Conference: Trump cancels debate with Kamala Harris ⛔️🤔
🎤🔄Donald Trump announced that he will withdraw from debates with Kamala Harris during the Bitcoin Conference in Nashville, Tennessee, following Harris' refusal to participate. Trump had accepted two debates before the election, but his withdrawal surprised many, including the crypto community. Kamala Harris mocked Trump on Platform X for backing down.
"Whatever happened to 'anytime, anywhere'?" – Kamala Harris (@KamalaHarris) July 26, 2024
Trump's campaign team explained that the decision is due to the political chaos surrounding Joe Biden and the Democratic Party, and mentioned that many Democrats, such as Barack Obama, doubt Harris's ability to defeat Trump.
🔹 Experts and Politicians Present 🔹
Trump will speak at the conference after receiving more than $4 million in crypto donations. Other prominent politicians, including Robert F. Kennedy Jr. and Senator Cynthia Lummis, will also attend. Kamala Harris criticized the Democratic Party's stance on cryptocurrencies and published her first election ad after refusing to attend the conference.
Analysts have made numerous predictions about the future price of #Bitcoin . Cathie Wood stated that $BTC will be worth $1 million by 2030. VanEck, for her part, estimates that it could reach $2.9 million in a "baseline scenario" due to a increase in national debts 📉, foreign sanctions 🚫 and the fall of the main world currencies 💱.
VanEck also presented two additional scenarios: a bullish one 📈, where BTC would reach $52 million, and a bearish one 📉, with BTC at $130,000. To reach 52 million, Bitcoin would need to lose 94% of its supply 📉, represent 10% of global GDP 🌍 and replace 30% of all existing financial assets 💰.
📢 SEC Gives Green Light to Ether Spot ETFs: What to Expect? 📢
After Bitcoin spot ETFs, now it's the turn of Ether spot ETFs in the US 🇺🇸. Yesterday, final approvals were given for these funds, surprising experts. Everyone is anxiously awaiting how much investment these new ETFs will attract. Ether spot ETFs will be officially processed at 16:30 CEST ⏰.Despite the SEC's negative policy towards cryptocurrencies, companies have adapted their products. Regarding fees, companies compete fiercely, with Grayscale reducing its fees to 0.15% to be more competitive 💸. Additionally, no transaction fees will be charged until certain investment levels are reached.
🚨🚨 Joe Biden withdraws from the Presidential race 🚨🚨
Joe Biden has had a rough patch in recent weeks. Donald Trump leads the polls. Through a letter on the social network X, US President Joe Biden announced his withdrawal from the presidential race. In his message, Biden highlighted his achievements, thanked citizens and expressed that, although his intention was to seek re-election, he believes it is time to step aside. The letter says like this: My fellow Americans, Over the past three and a half years, we have made great strides as a nation.
The cryptocurrency market is calm, waiting for the next bullish cycle 📈 with altcoins at a good entry point and rising prices. Investors are looking for coins with high growth potential 🌟, highlighting 5 new cryptocurrencies with the potential to generate significant gains in the fourth quarter of 2024.
#BlastUP has raised $8 million 💰 in its pre-sale and is preparing for token generation, offering Blastbox V2 as the only way to get BLASTUP at the pre-sale price 📦.
📢 Ethereum ETF 🚀💰 would drive the rise of altcoins 📈
Next week, Ethereum spot ETFs will hit US exchanges, which could benefit not only ETH but other altcoins as well. Darius Tabai, CEO of Vertex Protocol, estimates that we could see gains of over 25%. The approval of these ETFs reduces the supply of ETH in the market, raising its price. 📊 Furthermore, the SEC's recent regulatory clarification regarding ETH has eliminated uncertainties, boosting confidence in the market. 🏦 The ETFs are expected to begin trading on July 23, with BlackRock introducing a 0.25% fee. Analysts such as Michaël van de Poppe anticipate a recovery in the altcoin market, noting that many projects could benefit significantly. 🚀
📢📢 Token #MAGA increases thanks to the support of Elonk Musk and Donald Trump 📢
The MAGA token has seen a significant increase in price following unexpected support from Elon Musk and Donal Trump, rising 11% in just 5 hours. 🚀💥 Despite an 8.76% drop in the last day, the token is trading at $6.46 and has seen a 38.51% increase in trading volume. 📈💹 Key support and resistance levels are between $6.20 and $7.00. 🔑📊 Technical indicators such as RSI and MACD suggest possible oversold and bullish momentum. 📉📈
Senator critical of cryptocurrencies arrested for corruption
Democratic Senator Bob Menendez of New Jersey was sentenced to prison for corruption 🏛️🚔, accepting bribes in exchange for political benefits 💰. The sentence included the acceptance of gold bars 🏅 and a luxury car 🚗. Menéndez, known for his strict stance against cryptocurrencies 🚫💻 and his concern over the adoption of Bitcoin $BTC in El Salvador 🇸🇻, was considered a hypocrite for condemning cryptocurrencies as tools for illegal activities while he himself committed financial crimes ⚖️. His case highlights the complex relationship between politics, finance and new technologies 🌐💸, and calls into question his past actions and statements against cryptocurrencies.
Mt. Gox transfers USD 6 billion in #Bitcoin What is happening?
The defunct Mt. Gox exchange has begun transferring its bitcoins ($BTC ) 💰 in preparation to repay its creditors. 91,229 BTC have been moved, valued at USD 5.8 billion. This process is part of the rehabilitation plan after the Mt. Gox hack ten years ago. Creditors can choose to receive their funds in cash 💵 or cryptocurrency, with distributions between July and October 📅. The transfers have affected the price of BTC, which fell from $65,000 to $62,000 before stabilizing at $63,700 📉. Analysts have mixed opinions on the long-term impact, with some believing the market can absorb the selling pressure, while others warn that the next few days will be crucial for bitcoin's future direction 📊. Credits: Criptonoticias
🇩🇪💥 The German government proudly announces its "digital gold sale": 49,858 $BTC at market prices 🚀💰
The German government has issued a statement 📰 regarding the sale of 49,858 Bitcoins 💰, explaining that the sale of assets before the conclusion of criminal proceedings is legal ⚖️ if there is a risk of significant loss of value 📉. Due to the volatility of #Bitcoin 📊, these conditions are always met. Less than one percent of Bitcoin volume is regularly traded on the market 🏦, while more than 90 percent is traded off-exchange 📈, without directly influencing the price of Bitcoin. #bullrun2024📈📈 #Bitcoin
Bloomberg Intelligence hedge fund specialist Eric Balchunas confirmed that #ETF ether ($ETH ) 📈 will launch at #EstadosUnidos 🇺🇸 on Tuesday, July 23. This news, which caused an increase in the price of ETH 💹, was also mentioned by Nate Geraci, president of ETF Store 🏢, who reported on dialogues between #SEC 🏦 and the companies requesting authorization for these funds. Credits: Criptonoticias
Bitcoin $BTC has had a significant rebound in price, reaching $63,000 in the last 24 hours. This rise could signal the end of a bearish trend that began after its all-time high of $73,700 four months ago. BTC is currently trading at $62,800, having been at $55,000 a week ago. Analytics firm Santiment attributes this rally to the attempted assassination of former President Donald Trump on July 13, suggesting that the news has generated a positive response in the market due to Trump's #pro-cryptocurrency stances. With the November presidential election approaching, investors are reacting favorably to Trump's comments about supporting the future of bitcoin and cryptocurrencies in the US. Credits: Criptonoticias #bullrun2024📈📈 #Bitcoin #Trump2024 #CriptoRevolución
Recent whale activity in the Ethereum ecosystem shows a growing focus on staking $ETH rather than selling for profits, anticipating the launch of an Ethereum ETF that could push the price of ETH above $4,000. .
Large amounts of ETH, held in treasuries of former ICO projects, are being investigated to determine if they are intended for sales or staking. Over the past three months, there has been an increase in whale activity in the spot market, suggesting preparations for significant movements in the price of ETH.
Large wallets are withdrawing funds from exchanges to lock them in staking, with the Ethereum staking contract balance exceeding 47.5 million ETH. Binance stands out by offering wrapped ETH (WBETH) with a 2.85% APY, and its integration into the EigenLayer ecosystem has increased deposits on Binance for this type of more secure staking. Credits: BitFinanzas #EtheruemETF #ETH🔥🔥🔥🔥 #staking
🇺🇸💥 Donald Trump: The Man Who Can Relive the Bull Season 🐂✨
Bitcoin $BTC saw a surge following news of a Donald Trump rally in Pennsylvania, according to CoinGecko systems reaching a high of $59,796 in a short time, although it later fell to $59,524. Trump-related memecoins also saw significant increases, with#TREMPup 71%,#TRUMPup 39%, and#MAGAup 33%.
During the rally, Trump suffered an apparent assassination attempt, resulting in an ear injury. The Secret Service declared that Trump was safe and that the attacker was killed. This incident has increased the odds of Trump winning the upcoming election according to crypto prediction platform Polymarket, rising from 60% to 71% following the attack, while Biden's odds fell to 15%. #Bitcoin! #Memecoin🤑🤑
📰 Cardano founder claims Trump assassination attempt 🚨demonstrates need for decentralization.💡
Charles Hoskinson, co-founder of Cardano $ADA and Ethereum $ETH , shared his opinion on the attempted assassination of Donald Trump, stating that decentralization and other cryptocurrency principles are long-term solutions. Trump was attacked but unharmed, while one person was killed and two others were injured. Hoskinson criticized radicalization and dehumanization in politics and social media, highlighting the need to maintain shared humanity. According to him, distrust in centralized institutions is a crucial problem and decentralization can be a solution to avoid political violence and polarization. Credits: BBC