⭕ BlackRock Inc. is preparing to launch a bitcoin exchange-traded product in Europe in the coming weeks, according to a person familiar with the matter, amid growing demand for exposure to digital currencies from both money managers and consumers.
⏪ The company is expected to build the product in Switzerland, where BlackRock recently formed a Zurich-based digital asset company called iShares Digital Assets AG, according to a regulatory filing seen by Reuters $BTC
New Proposals from Vitalik Buterin for Ethereum: “713K ETH Could Be Burned Per Year”
Vitalik Buterin has made new proposals for Ethereum, which has lagged behind Bitcoin in price over the past year and has come to the forefront with recent discussions around the foundation. While Buterin specifically touched on the importance of Layer 2 networks, he noted that these networks should be encouraged to use a portion of the proceeds generated by transactions for processes such as burning and staking.
Buterin also mentioned that if the capacity of the Blob increases, the annual number of Ethereum burned could rise to 713K.
Vitalik Buterin, who recently ended the Ethereum Foundation’s management discussions by saying, “I will decide,” offered some suggestions on how to make ether more valuable in a blog post.
Buterin, who thanked Tim Picot, Justin Drake, and other Layer 2 network developers in his article, noted the importance of these networks, also known as L2s. Emphasizing that the Ethereum network helps large segments in many areas, from stablecoins to decentralized finance (DeFi) tools and social media, Buterin said: “We shouldn’t be increasing technical and social tools together.” $ETH
Bitcoin is currently very bullish, as the price broke the 60-day long range. Bitcoin hit an all-time high yesterday, which confirms the breakout of the range. We can expect 122k to be hit in the near future, but let's take a look at Ethereum, because this is a very good indicator, not only for bitcoin but for altcoins in general. Ethereum is forming a huge inverse head-and-shoulders pattern. Don't be surprised if ETH starts pumping like crazy; this is probably your last chance to buy it cheap!, so you really don't want to miss it. Personally, I would prefer #ETH over #BTC in the next few days or weeks.🤌🏻🤌🏻
After reviewing all the liquidity charts, I can give you a summary of the current situation.
In the short term, the market is still in a correction phase or fluctuating within a narrow range.
In the medium term, the patterns I have in front of me indicate a potential big move, especially in altcoins. Although the positive news that could bring about this change is not yet clear, the market in general still holds promising opportunities.
So, do not give up your current positions, and try to be patient during this period, as we have faced similar circumstances before. And always remember that a calculated adventure is the path to success. $BTC $TRUMP
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1. General trend: • The downtrend seems to have ended after breaking the downtrend channel. • There are signs of a possible reversal to the upside.
2. Support areas: • Current support: $0.500 - $0.550 level represents a strong buying area. • The price rebound from this area indicates strong buying pressure.
3. Resistance levels: • $1.7933: The first expected resistance in the medium term. • $2.2762: The second target, which represents a strong resistance point in the long term.
4. Upside targets: • The expected scenario indicates a short corrective movement before the price starts moving towards the above mentioned upside targets.
5. Technical pattern: • The current pattern seems to be based on a double bottom formation or a strong reversal pattern.
Trading strategy: • Buy: • On any rebound towards the support area (0.500 - $0.550). • Partial Sell: • Upon reaching the first resistance level ($1.7933). • Final Sell: • Upon achieving the long-term target ($2.2762).
What you should understand in the stages of the crypto market in detail
#Crypto2025Trends
The chart shows the main stages in market movement analysis: accumulation, rise, and fall. Let's explain each stage: 1. Accumulation stage: • This stage usually appears after a period of long decline or stability in the market. • The market here is characterized by horizontal movement, as the price moves in a narrow range (support and resistance zone).
The chart shows the main stages in market movement analysis: accumulation, rise, and fall. Let's explain each stage: 1. Accumulation stage: • This stage usually appears after a period of long decline or stability in the market. • The market here is characterized by horizontal movement, as the price moves in a narrow range (support and resistance zone).
There is a pattern that suggests a potential rise in the market value of altcoins. The chart shows a previous downtrend followed by a strong uptrend, indicating a potential bullish scenario. According to current forecasts, altcoins are expected to continue to rise in 2025, driven by the adoption of new technologies and favorable regulatory policies. Altcoins such as Ethereum and Solana are expected to see significant growth thanks to infrastructure upgrades and layer 2 adoption. -Don't sell at a loss -Split your income -Be patient God willing, the future is near.
Technical Analysis: 1. General Trend: • The trend has been bearish for a long time, but there are signs of a possible reversal after breaking the downtrend line. 2. Key Support Levels: • $0.992: Strong support level that shows that the price respects this level. • $1.255: Another potential support level in the short term. 3. Resistance Levels: • $3.400: First target in the medium term. • $6.822: Second target if the uptrend continues. • $9.919: Expected long-term target, which represents a rise rate of more than 694.43%. 4. Positive Signs: • Strong bounce from support levels. • Breaking the downtrend line confirms the possibility of a rise.
Strategy: • Buy: When the price tests the support levels ($1.255 or $0.992). • Partial Sell: When targets $3,400 and $6,822 are reached.
• Full Sell: When long-term target $9,919 is achieved.
The price is breaking out of a downward channel, signaling a bullish reversal. The 0.786 Fibonacci retracement level has provided strong support, and the price is now approaching the 0.618 retracement at $197.59. If momentum continues, SOL could test $254.35 as the first target, with the potential to reach $345.76 in the medium term.
Support Zone: $181.75 - $179.66 (strong demand area).
MicroStrategy has announced the acquisition of an additional 5,262 BTC for approximately $561 million, at an average price of $106,662 per bitcoin. This acquisition highlights their continued confidence in Bitcoin as a store of value. As of December 22, 2024, the company holds a total of 444,262 BTC, acquired for a cumulative cost of $27.7 billion at an average price of $62,257 per bitcoin. Impressively, MicroStrategy has achieved a Bitcoin yield of 47.4% quarter-to-date (QTD) and an even more remarkable 73.7% year-to-date (YTD), showcasing the success of their Bitcoin investment strategy.