BitcoinOurWorld
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Excited about bitcoin halving
🥂#BullorBear #Memecoins #SHIB #BitcoinOurWorld #bitcoinfarmer2018 #bitcoins $BTC $ETH $SOL
🥂#BullorBear #Memecoins #SHIB #BitcoinOurWorld #bitcoinfarmer2018 #bitcoins $BTC $ETH $SOL
$BTC Analysis
As expected the price action of $BTC successfully showed us some of the leg-up level movements.
The price action of #BTC can form another bottom level towards its Sell-Side Liquidity level.
#BitcoinOurWorld
As expected the price action of $BTC successfully showed us some of the leg-up level movements.
The price action of #BTC can form another bottom level towards its Sell-Side Liquidity level.
#BitcoinOurWorld
$BTC is the digital Gold now.
No matter how many corrections it makes, #Bitcoin will now remain an expensive and valuable asset. All the big firms are now in a race to acquire this asset class; that should tell you something.
#BitcoinAwareness #BitcoinOurWorld
No matter how many corrections it makes, #Bitcoin will now remain an expensive and valuable asset. All the big firms are now in a race to acquire this asset class; that should tell you something.
#BitcoinAwareness #BitcoinOurWorld
#BTCUS just broke the $70,000 mark. Not a bullish trigger but the signs are showing
#BitcoinOurWorld
#BitcoinOurWorld
The U.S. government transferred nearly $2 billion in Bitcoin to Coinbase, triggering Selling Concern
Market participants have been paying attention to the transfer of Bitcoin addresses by the U.S. government, as any sales actions are likely to affect the price of cryptocurrencies. Typically, an increase in the amount of Bitcoin flowing into exchange wallet addresses increases selling pressure on assets and triggers a drop in asset prices.
According to Arkham Intelligence, on April 2, 2024, the U.S. government executed a Bitcoin transfer involving nearly $2 billion, transferring tokens to Coinbase Prime addresses in several transactions. The transfer amounted to 30,174.70 BTC and was successfully processed at block height 837,413.
In recent years, the U.S. Department of Justice has accumulated a large amount of BTC through crackdowns including Silk Road, Bitfinex hacking, and the James Zhong case. The last confirmed sale was in March 2023, when the government seized approximately 50,000 bitcoins associated with the Silk Road website in late 2022, selling 9,861 bitcoins for $216 million.
As of 1:10 p.m. ET on April 2, the U.S. government still holds 215,246 BTC (worth $14 billion) and 50,147 ETH (worth $163 million).
Bitcoin had already fallen sharply that day, and after the news came out, Bitcoin fell further, falling below $65,000, and has since rebounded slightly.
Crypto analyst and commentator Phyrex commented on the X platform: "I heard that this sale transferred to the exchange has been traded, and now it is delivery. If so, it depends on the delivery price and the choice of the new holder."
#BitcoinHalvingDrama
#BitcoinOurWorld
$BTC
According to Arkham Intelligence, on April 2, 2024, the U.S. government executed a Bitcoin transfer involving nearly $2 billion, transferring tokens to Coinbase Prime addresses in several transactions. The transfer amounted to 30,174.70 BTC and was successfully processed at block height 837,413.
In recent years, the U.S. Department of Justice has accumulated a large amount of BTC through crackdowns including Silk Road, Bitfinex hacking, and the James Zhong case. The last confirmed sale was in March 2023, when the government seized approximately 50,000 bitcoins associated with the Silk Road website in late 2022, selling 9,861 bitcoins for $216 million.
As of 1:10 p.m. ET on April 2, the U.S. government still holds 215,246 BTC (worth $14 billion) and 50,147 ETH (worth $163 million).
Bitcoin had already fallen sharply that day, and after the news came out, Bitcoin fell further, falling below $65,000, and has since rebounded slightly.
Crypto analyst and commentator Phyrex commented on the X platform: "I heard that this sale transferred to the exchange has been traded, and now it is delivery. If so, it depends on the delivery price and the choice of the new holder."
#BitcoinHalvingDrama
#BitcoinOurWorld
$BTC
#BitcoinOurWorld #ProShares #ETFsApproval
ProShares Introduces Enhanced Bitcoin ETFs
The issuer of leveraged funds, ProShares, has launched two increased bitcoin products in response to investors' increasing need for investment vehicles that center around the largest cryptocurrency in the world by market value.
The ProShares UltraShort Bitcoin ETF (SBIT), which has a -2x exposure, will take the opposite course from the ProShares Ultra Bitcoin ETF (BITU), which aims to double daily spot bitcoin gains. Two ETFs have a cost ratio of 0.95%, the company announced on Tuesday.
According to etf.com analyst Sumit Roy, "many investors in bitcoin are traders looking to make a quick buck by buying and selling bitcoin over short time periods." "Those short-term traders can use leveraged bitcoin ETFs to get more bang for their buck when bitcoin rises."
The enhanced funds are making their debut over three months after the Securities and Exchange Commission approved the 10 spot bitcoin ETFs to start trading. With more than $60 billion in assets under management, the ETFs—which include the Fidelity Wise Origin Bitcoin Fund (FBTC) and the iShares Bitcoin Trust (IBIT) by BlackRock Inc.—have been the most successful ETF launches ever. Since early January, the largest, IBIT, has created an astounding $18 billion under management.
The ETF launches have contributed significantly to the staggering 57% increase in the price of bitcoin this year. However, over the last seven days, the price of bitcoin has dropped 4%, hovering at $66,000, or roughly where it was ten days ago, according to CoinMarketCap.
Visit Bitcoin Mania
Spot with leverage One option for investors to wager against or invest in cryptocurrencies is through bitcoin funds. They can increase the volatility of the asset even though they can assist some investors in hedging their exposure to bitcoin.
According to ProShares CEO Michael L. Sapir, investors can "target a level of exposure with less money at risk" with BITU and SBIT, but leveraged and short exposure can typically be "onerous and expensive."
ProShares Introduces Enhanced Bitcoin ETFs
The issuer of leveraged funds, ProShares, has launched two increased bitcoin products in response to investors' increasing need for investment vehicles that center around the largest cryptocurrency in the world by market value.
The ProShares UltraShort Bitcoin ETF (SBIT), which has a -2x exposure, will take the opposite course from the ProShares Ultra Bitcoin ETF (BITU), which aims to double daily spot bitcoin gains. Two ETFs have a cost ratio of 0.95%, the company announced on Tuesday.
According to etf.com analyst Sumit Roy, "many investors in bitcoin are traders looking to make a quick buck by buying and selling bitcoin over short time periods." "Those short-term traders can use leveraged bitcoin ETFs to get more bang for their buck when bitcoin rises."
The enhanced funds are making their debut over three months after the Securities and Exchange Commission approved the 10 spot bitcoin ETFs to start trading. With more than $60 billion in assets under management, the ETFs—which include the Fidelity Wise Origin Bitcoin Fund (FBTC) and the iShares Bitcoin Trust (IBIT) by BlackRock Inc.—have been the most successful ETF launches ever. Since early January, the largest, IBIT, has created an astounding $18 billion under management.
The ETF launches have contributed significantly to the staggering 57% increase in the price of bitcoin this year. However, over the last seven days, the price of bitcoin has dropped 4%, hovering at $66,000, or roughly where it was ten days ago, according to CoinMarketCap.
Visit Bitcoin Mania
Spot with leverage One option for investors to wager against or invest in cryptocurrencies is through bitcoin funds. They can increase the volatility of the asset even though they can assist some investors in hedging their exposure to bitcoin.
According to ProShares CEO Michael L. Sapir, investors can "target a level of exposure with less money at risk" with BITU and SBIT, but leveraged and short exposure can typically be "onerous and expensive."
The next #BitcoinHalvingDrama halving is just 2 weeks out.
And historically, the most gains are always realized after the halving.
Are you prepared?
#BitcoinOurWorld #BullishOutlook📈 #bitcoin
And historically, the most gains are always realized after the halving.
Are you prepared?
#BitcoinOurWorld #BullishOutlook📈 #bitcoin
Bitcoin ranks as the first cryptocurrency ever created, with a maximum supply of 21 million coins. #BTC......... #Cryptocurrency:
Currently, over 19.6 million bitcoins are in circulation, with the total supply reaching its cap of 21 million by 2140. #BTC、 #Supply
Bitcoin was issued on January 3, 2009, marking the beginning of a revolutionary era in decentralized finance. #BitcoinBirthday #Blockchain
Bitcoin's all-time high price soared to over $73,000, attracting global attention and sparking intense market activity. #BitcoinOurWorld #CryptoBasics
Despite its highs, Bitcoin's all-time low price stands at $0.04864... as a testament to its volatility, presenting both risks and opportunities for investors. #BitcoinATL #MarketFluctuations
Currently, over 19.6 million bitcoins are in circulation, with the total supply reaching its cap of 21 million by 2140. #BTC、 #Supply
Bitcoin was issued on January 3, 2009, marking the beginning of a revolutionary era in decentralized finance. #BitcoinBirthday #Blockchain
Bitcoin's all-time high price soared to over $73,000, attracting global attention and sparking intense market activity. #BitcoinOurWorld #CryptoBasics
Despite its highs, Bitcoin's all-time low price stands at $0.04864... as a testament to its volatility, presenting both risks and opportunities for investors. #BitcoinATL #MarketFluctuations
