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Bitcoin Could See A Huge $2.4 Billion Inflow in 2024: VanEck Predicts
VanEck predicts a $2.4B surge in Bitcoin ETFs in 2024, expecting record highs and major crypto market changes.
A big investment company, VanEck, has made a surprising prediction, they predict a huge $2.4 billion rush into Bitcoin ETFs (funds linked to Bitcoin) in early 2024. This is due to the expectations of the first real Bitcoin ETFs, which could change the cryptocurrency market. People are more interested in assets like Bitcoin, which the U.S. government can't easily control.
Bitcoin doesn't follow normal market trends and is tough making it to be seen by investors as a strong investment. Even though it might be up and down a lot, experts think Bitcoin will stay above $30,000 in early 2024. They also expect a rise in price which could come after a smooth Bitcoin "halving" in April 2024 (when Bitcoin rewards drop),
#cryptocurreny #cryptoexpert@Ksrawat #BinanceTournament #ETFTrends
$BTC $ETH $SOL
VanEck predicts a $2.4B surge in Bitcoin ETFs in 2024, expecting record highs and major crypto market changes.
A big investment company, VanEck, has made a surprising prediction, they predict a huge $2.4 billion rush into Bitcoin ETFs (funds linked to Bitcoin) in early 2024. This is due to the expectations of the first real Bitcoin ETFs, which could change the cryptocurrency market. People are more interested in assets like Bitcoin, which the U.S. government can't easily control.
Bitcoin doesn't follow normal market trends and is tough making it to be seen by investors as a strong investment. Even though it might be up and down a lot, experts think Bitcoin will stay above $30,000 in early 2024. They also expect a rise in price which could come after a smooth Bitcoin "halving" in April 2024 (when Bitcoin rewards drop),
#cryptocurreny #cryptoexpert@Ksrawat #BinanceTournament #ETFTrends
$BTC $ETH $SOL
UK Parliamentary Committee urges further evaluation of digital pound benefits, risks
Previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy
Despite this, the committee expressed concerns, questioning whether the benefits would ultimately outweigh the risks
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to conduct additional consultation to assess the advantages of introducing a digital pound.
The House of Commons Treasury Committee report revealed significant costs incurred by the Bank of England and Treasury in the groundwork and tests for the CBDC. It recommended improved transparency through a separate line item in annual reports from 2024, emphasizing the need to control costs for a project that may not materialize.
While the previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy, the committee expressed concerns about the significant investment required for an official launch. It also questioned whether the benefits would ultimately outweigh the risks.
Lastly, the committee advised England's central bank to be cautious about overstating the digital pound's capabilities and to ensure it doesn't worsen existing financial exclusion issues.
#cryptoexpert@Ksrawat #Bitcoin.rose.back.above #cryto2023 #TradingMastery
Previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy
Despite this, the committee expressed concerns, questioning whether the benefits would ultimately outweigh the risks
The United Kingdom Parliamentary Committee, House of Commons, has asked the Bank of England and Treasury to conduct additional consultation to assess the advantages of introducing a digital pound.
The House of Commons Treasury Committee report revealed significant costs incurred by the Bank of England and Treasury in the groundwork and tests for the CBDC. It recommended improved transparency through a separate line item in annual reports from 2024, emphasizing the need to control costs for a project that may not materialize.
While the previous tests of an English CBDC revealed benefits in issuance, distribution, and privacy, the committee expressed concerns about the significant investment required for an official launch. It also questioned whether the benefits would ultimately outweigh the risks.
Lastly, the committee advised England's central bank to be cautious about overstating the digital pound's capabilities and to ensure it doesn't worsen existing financial exclusion issues.
#cryptoexpert@Ksrawat #Bitcoin.rose.back.above #cryto2023 #TradingMastery
South African financial regulator may license 36 crypto companies in December
The FSCA will review an additional 22 applications in February
Another 14 applications are scheduled for evaluation in March
Out of 128 applications from crypto service asset providers (CASPs), South Africa's financial regulator, the Financial Sector Conduct Authority (FSCA), has decided to review only 36 during its upcoming Licensing Executive Committee meeting on 12 December. The FSCA will review an additional 22 applications on 13 February, while another 14 applications are scheduled for evaluation on 12 March.
Last week, the FSCA also released its "Crypto Assets Markets Study" for 2023. The survey revealed that roughly 46% South African CASPs earn an annual revenue ranging from 1 to 50 million South African rand ($53,000 to $2.7 million). Moreover, only 8% of all CASPs generate more than 100 million rand ($5.4 million). Additionally, the highest monthly transaction value in the South African crypto market occurred in November 2022, reaching over 8 billion rand (approximately $427 million).
Notably, in July of this year, the FSCA had issued a warning emphasizing that every CASP in the country must acquire a license by the year's end. The regulator has signaled its intention to take "enforcement action" against those operating without a license post-deadline, potentially involving fines or even closure.
#cryptoexpert@Ksrawat #BitcoinNews #cryptocurreny #TradingOpportunities $BTC $ETH $SOL
The FSCA will review an additional 22 applications in February
Another 14 applications are scheduled for evaluation in March
Out of 128 applications from crypto service asset providers (CASPs), South Africa's financial regulator, the Financial Sector Conduct Authority (FSCA), has decided to review only 36 during its upcoming Licensing Executive Committee meeting on 12 December. The FSCA will review an additional 22 applications on 13 February, while another 14 applications are scheduled for evaluation on 12 March.
Last week, the FSCA also released its "Crypto Assets Markets Study" for 2023. The survey revealed that roughly 46% South African CASPs earn an annual revenue ranging from 1 to 50 million South African rand ($53,000 to $2.7 million). Moreover, only 8% of all CASPs generate more than 100 million rand ($5.4 million). Additionally, the highest monthly transaction value in the South African crypto market occurred in November 2022, reaching over 8 billion rand (approximately $427 million).
Notably, in July of this year, the FSCA had issued a warning emphasizing that every CASP in the country must acquire a license by the year's end. The regulator has signaled its intention to take "enforcement action" against those operating without a license post-deadline, potentially involving fines or even closure.
#cryptoexpert@Ksrawat #BitcoinNews #cryptocurreny #TradingOpportunities $BTC $ETH $SOL
BONE and SHIB soar as Shibarium's daily transactions record new high..
Shibarium’s daily transactions hit a new high of 5.1 million on 1 December
SHIB's value increased by 8.3% in the past 24 hours, BONE surged over 26.2% in the last seven days
Last week, the Bone ShibaSwap token (BONE), a popular token within the Shiba Inu (SHIB) ecosystem, experienced a double-digit surge. Additionally, SHIB, the network's primary token, also displayed positive momentum.
CoinMarketCap data indicated that BONE surged over 26.2% in the last seven days. At the time of writing, it was trading at $0.7826 with a market cap exceeding $195 million. Meanwhile, SHIB's value increased by 8.3% in the past 24 hours, reaching $0.00000919, with a market cap surpassing $5 billion.
Notably, the surge in the prices of both tokens may be linked to Shibarium's recent success, marked by a new daily transaction record of 5.1 million on 1 December. As per data by Shibariumscan, this figure further skyrocketed, reaching 7.4 million on 2 December, signifying a rapid surge in daily transactions. Moreover, the total count of wallet addresses on Shibarium reached 1.27 million.
#cryptoexpert@Ksrawat #CryptoExpert #Bitcoinfees #TradingOpportunities #BinanceSquareAnalysis $BTC $ETH $SHIB
Shibarium’s daily transactions hit a new high of 5.1 million on 1 December
SHIB's value increased by 8.3% in the past 24 hours, BONE surged over 26.2% in the last seven days
Last week, the Bone ShibaSwap token (BONE), a popular token within the Shiba Inu (SHIB) ecosystem, experienced a double-digit surge. Additionally, SHIB, the network's primary token, also displayed positive momentum.
CoinMarketCap data indicated that BONE surged over 26.2% in the last seven days. At the time of writing, it was trading at $0.7826 with a market cap exceeding $195 million. Meanwhile, SHIB's value increased by 8.3% in the past 24 hours, reaching $0.00000919, with a market cap surpassing $5 billion.
Notably, the surge in the prices of both tokens may be linked to Shibarium's recent success, marked by a new daily transaction record of 5.1 million on 1 December. As per data by Shibariumscan, this figure further skyrocketed, reaching 7.4 million on 2 December, signifying a rapid surge in daily transactions. Moreover, the total count of wallet addresses on Shibarium reached 1.27 million.
#cryptoexpert@Ksrawat #CryptoExpert #Bitcoinfees #TradingOpportunities #BinanceSquareAnalysis $BTC $ETH $SHIB
Polkadot faces challenges as traders take bearish stance despite price surge.
The percentage of short positions rose from 49% to 55% in recent days
This indicates a substantial number of traders anticipating a decline in DOT's price
Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin.
According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price.
The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot.
However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT.
#cryptoexpert@Ksrawat #cryptocurrencry #TradingMastery #Bitcoinfees #crypto
The percentage of short positions rose from 49% to 55% in recent days
This indicates a substantial number of traders anticipating a decline in DOT's price
Polkadot's price has shown upward momentum in the past weeks, however, a considerable number of traders have taken a bearish stance on the altcoin.
According to Cryptoexpert@Ksrawat analysis of Coinglass' data, there has been a significant increase in short positions against DOT. The percentage of short positions rose from 49% to 55% in recent days, indicating a substantial number of traders anticipating a decline in DOT's price.
The network also experienced a decrease in Weighted Sentiment, signifying a rise in negative comments about DOT compared to positive ones. This shift in sentiment could be a crucial factor influencing the future price trajectory of Polkadot.
However, a tweet from Polkadot Insider on 3 December revealed significant developments within the Polkadot system, including the upcoming launch of Polimec. This, coupled with other collaborations such as the introduction of Parallel Finance, could potentially boost public sentiment and counter the declining metrics associated with DOT.
#cryptoexpert@Ksrawat #cryptocurrencry #TradingMastery #Bitcoinfees #crypto
Bitcoin's $42K rally brings a double boost for miners...
The hashprice was seen to have more than tripled in value since the start of the rally in mid-October
Miners' earnings from transaction fees also saw a significant rise in recent days
On 4 December, the world's largest digital asset, Bitcoin, surpassed $42,000 for the first time since April 2022. The optimism surrounding the approval of spot ETFs has played a major role in driving this upward momentum, as highlighted in recent articles by Cryptoexpert@Ksrawat.
Furthermore, the hashprice, a key indicator of miners' profitability, was seen to have more than tripled in value since the start of the rally in mid-October. Reaching a six-month high of $87 per PetaHashes per second per day, this spike in hashprice brought joy to Bitcoin miners.
For context, Hashprice is a key metric in mining that quantifies how much a miner can earn based on their hash rate. Its value has significantly increased, mainly because it correlates positively with changes in Bitcoin's price.
Notably, in addition to Bitcoin's price, hashprice is also directly linked to miners' earnings from transaction fees. Currently, about 11% of mining rewards come from fees, showing a significant rise in recent days. With Bitcoin block rewards decreasing every four years, the uptick in fees is a positive development for the sustainability of the mining sector, as this increased profitability might attract more participants to enter the industry.
#cryptoexpert@Ksrawat #BinanceTournament #cryptocurreny #BitcoinMarketCap
The hashprice was seen to have more than tripled in value since the start of the rally in mid-October
Miners' earnings from transaction fees also saw a significant rise in recent days
On 4 December, the world's largest digital asset, Bitcoin, surpassed $42,000 for the first time since April 2022. The optimism surrounding the approval of spot ETFs has played a major role in driving this upward momentum, as highlighted in recent articles by Cryptoexpert@Ksrawat.
Furthermore, the hashprice, a key indicator of miners' profitability, was seen to have more than tripled in value since the start of the rally in mid-October. Reaching a six-month high of $87 per PetaHashes per second per day, this spike in hashprice brought joy to Bitcoin miners.
For context, Hashprice is a key metric in mining that quantifies how much a miner can earn based on their hash rate. Its value has significantly increased, mainly because it correlates positively with changes in Bitcoin's price.
Notably, in addition to Bitcoin's price, hashprice is also directly linked to miners' earnings from transaction fees. Currently, about 11% of mining rewards come from fees, showing a significant rise in recent days. With Bitcoin block rewards decreasing every four years, the uptick in fees is a positive development for the sustainability of the mining sector, as this increased profitability might attract more participants to enter the industry.
#cryptoexpert@Ksrawat #BinanceTournament #cryptocurreny #BitcoinMarketCap
Solana denies security threat to Saga phones
Blockchain project Solana refutes CertiK’s report that its Saga phone has a vulnerability potentially leading to crypto loss.
In a comment on Blockworks, Steven Laver, lead mobile software engineer at Solana (SOL) Labs, said the CertiK video does not disclose any known vulnerabilities or security risks for Saga owners.
“Unlocking the bootloader is an advanced feature of Saga, and is disabled by default. We believe in allowing users the choice of how they use their phone. However, unlocking the bootloader is not a security vulnerability. A user must explicitly allow such changes to be made to their device, and those changes can only be made by an authorized user of the phone.”
Steven Laver, lead mobile software engineer at Solana Labs
Earlier, CertiK, a company specializing in cybersecurity and blockchain projects, discovered a vulnerability in Solana smartphones. Representatives of the company published a video in which they showed the process of hacking the device. To do this, the CertiK team unlocked the smartphone’s bootloader, after which it gained access to all the device’s data.
According to experts, the identified vulnerability “poses a danger to the entire industry.”
The Solana Saga smartphone was presented earlier in, 2022, and the project itself was positioned as a “killer” of devices from Google and Apple. The main feature of the device is unhindered access to dApps and blockchain protocols. The function is implemented using the built-in online store Solana dApp Store.
#etf #cryptoexpert@Ksrawat #CryptoNews🔒📰🚫
$BTC $ETH $SOL
Blockchain project Solana refutes CertiK’s report that its Saga phone has a vulnerability potentially leading to crypto loss.
In a comment on Blockworks, Steven Laver, lead mobile software engineer at Solana (SOL) Labs, said the CertiK video does not disclose any known vulnerabilities or security risks for Saga owners.
“Unlocking the bootloader is an advanced feature of Saga, and is disabled by default. We believe in allowing users the choice of how they use their phone. However, unlocking the bootloader is not a security vulnerability. A user must explicitly allow such changes to be made to their device, and those changes can only be made by an authorized user of the phone.”
Steven Laver, lead mobile software engineer at Solana Labs
Earlier, CertiK, a company specializing in cybersecurity and blockchain projects, discovered a vulnerability in Solana smartphones. Representatives of the company published a video in which they showed the process of hacking the device. To do this, the CertiK team unlocked the smartphone’s bootloader, after which it gained access to all the device’s data.
According to experts, the identified vulnerability “poses a danger to the entire industry.”
The Solana Saga smartphone was presented earlier in, 2022, and the project itself was positioned as a “killer” of devices from Google and Apple. The main feature of the device is unhindered access to dApps and blockchain protocols. The function is implemented using the built-in online store Solana dApp Store.
#etf #cryptoexpert@Ksrawat #CryptoNews🔒📰🚫
$BTC $ETH $SOL
Where Next for the Bitcoin (BTC) Price?
Economic data released earlier on Friday revealed a larger-than-expected slowdown in the US jobs market in October, triggering downside in US bond yields and a pump in the US stock market and price of Bitcoin (BTC), which was last around $34,600.
The latest jobs report revealed that the US economy added 150,000 jobs last month, less than the expected gain of 180,000 and marking the slowest pace of job gains since early 2021.
Macro investors responded to the data by pulling back on bets that the US Federal Reserve will implement one further rate hike, as it warned was a possibility earlier in the week.
As per the CME’s Fed Watch Tool, the US money market implied probability that the Fed hikes interest rates by another 25 bps by January 2024 fell to just 10% on Friday from around 26% on Thursday.
The implied probability that the Fed will have cut interest rates by at least 100 bps by the end of 2024 jumped to around 65% from just over 40% one day ago.
The latest US jobs numbers also revealed a surprise rise in the US unemployment rate to 3.9% from 3.8% and an unexpected slow down in the MoM pace of wage growth to 0.2% from 0.3%.
Whilst at current levels in the $34,600s, BTC is up 1.5% versus earlier session lows ust above $34,000, the world’s largest cryptocurrency by market cap is still down around 0.75% on the session.
After hitting fresh yearly highs near $36,000 on Thursday, Bitcoin is succumbing to profit-taking, as short-term speculators book profit following BTC’s more than 30% pump from October lows.
That pump was primarily driven by optimism surrounding expected upcoming approvals of spot Bitcoin Exchange Traded Funds (ETFs) in the US.
Yields on 10-year US government bonds, last just above 4.5%, have fallen around 40 bps, the US Dollar Index (DXY) has weakened more than 1.5% and the S&P 500 is up over 4% since the start of the month as traders bet the peak in US interest rates is in, and easier financial conditions lay ahead.
#cryptoexpertksrawat #BinanceSquareTalks #CryptoNews🔒📰🚫 #bitcoin #crypto2023 $BTC $SOL
Economic data released earlier on Friday revealed a larger-than-expected slowdown in the US jobs market in October, triggering downside in US bond yields and a pump in the US stock market and price of Bitcoin (BTC), which was last around $34,600.
The latest jobs report revealed that the US economy added 150,000 jobs last month, less than the expected gain of 180,000 and marking the slowest pace of job gains since early 2021.
Macro investors responded to the data by pulling back on bets that the US Federal Reserve will implement one further rate hike, as it warned was a possibility earlier in the week.
As per the CME’s Fed Watch Tool, the US money market implied probability that the Fed hikes interest rates by another 25 bps by January 2024 fell to just 10% on Friday from around 26% on Thursday.
The implied probability that the Fed will have cut interest rates by at least 100 bps by the end of 2024 jumped to around 65% from just over 40% one day ago.
The latest US jobs numbers also revealed a surprise rise in the US unemployment rate to 3.9% from 3.8% and an unexpected slow down in the MoM pace of wage growth to 0.2% from 0.3%.
Whilst at current levels in the $34,600s, BTC is up 1.5% versus earlier session lows ust above $34,000, the world’s largest cryptocurrency by market cap is still down around 0.75% on the session.
After hitting fresh yearly highs near $36,000 on Thursday, Bitcoin is succumbing to profit-taking, as short-term speculators book profit following BTC’s more than 30% pump from October lows.
That pump was primarily driven by optimism surrounding expected upcoming approvals of spot Bitcoin Exchange Traded Funds (ETFs) in the US.
Yields on 10-year US government bonds, last just above 4.5%, have fallen around 40 bps, the US Dollar Index (DXY) has weakened more than 1.5% and the S&P 500 is up over 4% since the start of the month as traders bet the peak in US interest rates is in, and easier financial conditions lay ahead.
#cryptoexpertksrawat #BinanceSquareTalks #CryptoNews🔒📰🚫 #bitcoin #crypto2023 $BTC $SOL
Valkyrie Anticipates Approval of Spot Bitcoin ETF:
Valkyrie Anticipates Approval of Spot Bitcoin ETF by SEC This MonthValkyrie's chief investment officer hints at an imminent SEC decision on the spot Bitcoin ETF, potentially unlocking billions in investments. With an anticipated launch in February 2024, the market could see a substantial influx of funds.
Valkyrie Anticipates Approval of Spot Bitcoin ETF by SEC This MonthValkyrie's chief investment officer hints at an imminent SEC decision on the spot Bitcoin ETF, potentially unlocking billions in investments. With an anticipated launch in February 2024, the market could see a substantial influx of funds.
Ex-Goldman Sachs Executive Sees Rocket Ship Solana Chart in the Works Ahead of One Bullish Catalyst:
Former Goldman Sachs executive Raoul Pal says Solana (SOL) is starting to look like a rocket ship on the charts as it gears up for big developments.
In a new interview with Scott Melker, Pal touches on Firedancer, a new validator client for the Solana chain which is being developed by trading giant Jump Crypto.
Firedancer aims to vastly improve Solana’s scalability, and push its transactions-per-second (TPS) capabilities potentially above one million TPS.
Says Pal,
“I was thinking at the time maybe it’s some sort of layer-2 blah blah blah compromise, so I went back home, I was looking at the charts, which I have been for a long time of Solana versus ETH (SOL/ETH) and Solana versus Bitcoin (SOL/BTC) and I’m like ‘this looks like a… rocket ship! What is going on here?’
I started looking in and watching the interviews with the Jump trading team who built Firedancer and realized it was a separate validator for Solana that increases the security of the entire chain itself and that yes, these speeds were right because it was being built by people who were trying to build lightspeed for high-frequency trading…
I’m like, okay, this is huge.”
At the time of writing, there is no set launch date for Firedancer as of yet.
Pal has previously called for Solana to potentially repeat Ethereum’s (ETH) bull market cycle of 2021 and reiterates his stance that SOL may still be on track to do just that in an upcoming market expansion.
“To me, I’m looking at risk/rewards here, and I’m just thinking, ‘Could this be the ETH of this cycle?’ That’s not taking away from ETH, that’s not taking away from Bitocin. What we’re trying to do, if we’re in this ugly economic world, you want to try to make as many chips as possible when you can. That’s the game.”
In a new interview with Scott Melker, Pal touches on Firedancer, a new validator client for the Solana chain which is being developed by trading giant Jump Crypto.
Firedancer aims to vastly improve Solana’s scalability, and push its transactions-per-second (TPS) capabilities potentially above one million TPS.
Says Pal,
“I was thinking at the time maybe it’s some sort of layer-2 blah blah blah compromise, so I went back home, I was looking at the charts, which I have been for a long time of Solana versus ETH (SOL/ETH) and Solana versus Bitcoin (SOL/BTC) and I’m like ‘this looks like a… rocket ship! What is going on here?’
I started looking in and watching the interviews with the Jump trading team who built Firedancer and realized it was a separate validator for Solana that increases the security of the entire chain itself and that yes, these speeds were right because it was being built by people who were trying to build lightspeed for high-frequency trading…
I’m like, okay, this is huge.”
At the time of writing, there is no set launch date for Firedancer as of yet.
Pal has previously called for Solana to potentially repeat Ethereum’s (ETH) bull market cycle of 2021 and reiterates his stance that SOL may still be on track to do just that in an upcoming market expansion.
“To me, I’m looking at risk/rewards here, and I’m just thinking, ‘Could this be the ETH of this cycle?’ That’s not taking away from ETH, that’s not taking away from Bitocin. What we’re trying to do, if we’re in this ugly economic world, you want to try to make as many chips as possible when you can. That’s the game.”
BREAKING NEWS ABOUT BLACKROCK'S ETF..
The Bitcoin ETF isn’t priced in yet.The halving isn’t priced in yet.The FASB changes aren’t priced in yet.The Fed pivot isn’t priced in yet.Quantitative easing isn’t priced in yet.56 million millionaires aren’t priced in yet.2700 billionaires aren’t priced in yet.
Within 72 days the first bitcoin Spot ETF will be launched.In exactly 72 days, the final deadline for Ark Invests Bitcoin Spot ETF will arrive.The reality is, that the SEC can't reject Ark's ETF and then approve BlackRock's Spot ETF.Therefore, we can anticipate the introduction of the first Bitcoin spot ETF within the next 72 days.
#bitcoin #Cryptoepxet@Ksrawat #etf #crypto2023
$BTC $ETH $SOL
Within 72 days the first bitcoin Spot ETF will be launched.In exactly 72 days, the final deadline for Ark Invests Bitcoin Spot ETF will arrive.The reality is, that the SEC can't reject Ark's ETF and then approve BlackRock's Spot ETF.Therefore, we can anticipate the introduction of the first Bitcoin spot ETF within the next 72 days.
#bitcoin #Cryptoepxet@Ksrawat #etf #crypto2023
$BTC $ETH $SOL
Bitcoin Price Potential Due to Halving Event
The bitcoin Price is poised to reach new yearly highs, which could pave the way for a new ATH in the coming days. The long-term projections of the BTC price are extremely bullish, due to which the traders have kept their long positions open. The volume that had dried up has yet again risen to a certain level, suggesting the volatility may also spike soon. This indicator suggests the BTC price could eventually reach beyond $40,000, probably by the end of October or at the beginning of November.
The BTC price has been trying hard to recover ever since the start of the year after breaking above the huge falling wedge. Despite a rebound, the token failed to rise beyond the resistance close to $32,000 as it faced a couple of rejections at these levels. However, the recent upswing broke these levels, indicating the resurgence of a strong bullish trend.
The BTC price took more than a year to reach its all-time low below $16,000, with a 77% crash from its ATH close to $69,000. Since then, the token has increased more than 120% to mark yearly highs above $35,000. Now that the BTC price has gone halfway, the major question is whether it can hit $70,000 in the next 6 months.
The falling wedge is considered a major indicator, as the highs of the wedge are the target levels for the token after the breakout. Moreover, the token is speculated to take the same amount of time to rise as it took to drop to the lows. Therefore, the Bitcoin (BTC) price could rise and probably mark a new ATH above $70,000 around the halving event.
#bitcoin #crypto #cryptoexpert@ksrawat #BTC #cryptocurrency
$BTC
The BTC price has been trying hard to recover ever since the start of the year after breaking above the huge falling wedge. Despite a rebound, the token failed to rise beyond the resistance close to $32,000 as it faced a couple of rejections at these levels. However, the recent upswing broke these levels, indicating the resurgence of a strong bullish trend.
The BTC price took more than a year to reach its all-time low below $16,000, with a 77% crash from its ATH close to $69,000. Since then, the token has increased more than 120% to mark yearly highs above $35,000. Now that the BTC price has gone halfway, the major question is whether it can hit $70,000 in the next 6 months.
The falling wedge is considered a major indicator, as the highs of the wedge are the target levels for the token after the breakout. Moreover, the token is speculated to take the same amount of time to rise as it took to drop to the lows. Therefore, the Bitcoin (BTC) price could rise and probably mark a new ATH above $70,000 around the halving event.
#bitcoin #crypto #cryptoexpert@ksrawat #BTC #cryptocurrency
$BTC
This is what many of you call INTELLIGENCE But we were worng.
I was scared to buy #Bitcoin at $20,000 because I thought it might drop back to $15,000.I was scared to buy #Bitcoin at $25,000 because I thought it might drop back to $20,000.I was scared to buy #Bitcoin at $30,000 because I thought it might drop back to $25,000.I am now scared to buy #Bitcoin at $35,000 because I think it might drop back to $30,000.
😱😱😱
$BTC $ETH $SOL
😱😱😱
$BTC $ETH $SOL
100%+ gain for #bitcoin Holders for 2023!
Follow: #cryptoexpert@Ksrawat #etf #cryptocurrency #ETH
$BTC $ETH $SOL
Follow: #cryptoexpert@Ksrawat #etf #cryptocurrency #ETH
$BTC $ETH $SOL
If you don't own any #Bitcoin after ten years of knowing about it, you're not ready for the next decade.
In the past two days, has increased as much as gold has in the last five years.People who work hard to get one #Bitcoin usually don't stop at just one.After spending over 100 hours exploring the #Bitcoin narrative, it's almost impossible not to become a Maximalist.If you have 0.015 #Bitcoin, you already have more savings than most Americans.Keep accumulating.Think #Bitcoin Maximalists are aggressive now?Just wait until they're protecting a $10 trillion network.As I keep repeating, It will exceed expectations, humans cannot predict technology like this.Stay Diligent.
#cryptoexpert@Ksrawat #bitcoin #solana #ETH
$BTC $ETH $SOL
In the past two days, has increased as much as gold has in the last five years.People who work hard to get one #Bitcoin usually don't stop at just one.After spending over 100 hours exploring the #Bitcoin narrative, it's almost impossible not to become a Maximalist.If you have 0.015 #Bitcoin, you already have more savings than most Americans.Keep accumulating.Think #Bitcoin Maximalists are aggressive now?Just wait until they're protecting a $10 trillion network.As I keep repeating, It will exceed expectations, humans cannot predict technology like this.Stay Diligent.
#cryptoexpert@Ksrawat #bitcoin #solana #ETH
$BTC $ETH $SOL
Do you Know this list didn't exist 20 years ago:
1. #bitcoin2. Netflix3. Streaming4. Google Maps5. Snapchat6. Spotify7. Android8. Uber9. Lyft10. Alexa11. Airbnb12. WhatsApp13. Fitbit14. Square15. Dropbox16. Venmo17. Hulu18. Kindle19. iPhone20. Facebook21. YouTube22. Twitter23. Instagram24. iPadThe world changes in an instant; exponential trends are hard to predict. Keep Investing with small amount and make wealth toghether..
Follow : #Cryptoexpert@Ksrawat
#bitcoin #BTC #Binance #Ethereum
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1. #bitcoin2. Netflix3. Streaming4. Google Maps5. Snapchat6. Spotify7. Android8. Uber9. Lyft10. Alexa11. Airbnb12. WhatsApp13. Fitbit14. Square15. Dropbox16. Venmo17. Hulu18. Kindle19. iPhone20. Facebook21. YouTube22. Twitter23. Instagram24. iPadThe world changes in an instant; exponential trends are hard to predict. Keep Investing with small amount and make wealth toghether..
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Hey, Crypto Community!
Hold on to your hats because we've got quite the crypto rollercoaster story for you! Meet "Crypto Rover," a fellow enthusiast who recently made headlines with his unexpected journey in the world of digital currencies.
In a twist of fate, Crypto Rover decided to splurge on a dream car – a Porsche 911 GT3 RS – using 8 Bitcoins when Bitcoin's value stood at $28,000. Exciting, right?
But here's where it gets wild: within days, Bitcoin's value skyrocketed to $34,000, leaving our Crypto Rover in a state of disbelief and regret. The rapid surge meant a staggering loss of $48,000 in just a blink!
It's a stark reminder of the unpredictable nature of the crypto market, where fortunes can change overnight. Even seasoned enthusiasts like Crypto Rover aren't immune to the twists and turns of digital currencies.
So, what's the takeaway from this whirlwind tale? Stay vigilant, stay informed, and always be prepared for the unexpected in the ever-exciting world of cryptocurrency
Follow #Cryptoexpert@Ksrawat #BTC #etf #Binance #crypto2023
$BTC $ETH $SOL
Hold on to your hats because we've got quite the crypto rollercoaster story for you! Meet "Crypto Rover," a fellow enthusiast who recently made headlines with his unexpected journey in the world of digital currencies.
In a twist of fate, Crypto Rover decided to splurge on a dream car – a Porsche 911 GT3 RS – using 8 Bitcoins when Bitcoin's value stood at $28,000. Exciting, right?
But here's where it gets wild: within days, Bitcoin's value skyrocketed to $34,000, leaving our Crypto Rover in a state of disbelief and regret. The rapid surge meant a staggering loss of $48,000 in just a blink!
It's a stark reminder of the unpredictable nature of the crypto market, where fortunes can change overnight. Even seasoned enthusiasts like Crypto Rover aren't immune to the twists and turns of digital currencies.
So, what's the takeaway from this whirlwind tale? Stay vigilant, stay informed, and always be prepared for the unexpected in the ever-exciting world of cryptocurrency
Follow #Cryptoexpert@Ksrawat #BTC #etf #Binance #crypto2023
$BTC $ETH $SOL
🚨Bitcoin Drop 4% DTCC Drops BlackRock's iShares Bitcoin Trust IBTC🚨Hold onto your hats, folks, because we've got some major breaking news coming your way! Brace yourselves as we reveal that BlackRock's highly-anticipated iShares Bitcoin Trust IBTC has just been removed from DTCC's prestigious list. 📉In a surprising turn of events, the renowned financial institution, DTCC, has made the bold decision to drop the iShares Bitcoin Trust IBTC from its exclusive roster. This unexpected move has sent shockwaves through the Cryptocurrency Community, leaving many scratching their heads and wondering what this means for the future of cryptocurrency. 💥BlackRock, a titan in the world of finance, had high hopes for their iShares Bitcoin Trust IBTC. This groundbreaking investment vehicle was designed to provide investors with a seamless and regulated way to gain exposure to the ever-growing world of Bitcoin. However, with its removal from DTCC's list, questions arise about the trust's future prospects and the impact it may have on the broader crypto market. 📉💭Investors and enthusiasts alike are now left pondering the reasons behind this unexpected decision. Was it due to regulatory concerns? Or perhaps DTCC had a change of heart regarding the trust's viability? Whatever the case may be, one thing is for certain: this news has sent shockwaves through the financial world, leaving many eager to understand the implications. ⚡As the dust settles and the industry awaits further clarification, one can't help but wonder what lies ahead for BlackRock's iShares Bitcoin Trust IBTC. Will it find its way back onto DTCC's list, or will it be forced to navigate uncharted waters? Only time will tell. Until then, investors and crypto enthusiasts will be keeping a close eye on this intriguing development, eagerly awaiting the next chapter in this captivating saga.
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#BTC #etf #cryptoexpert@Ksrawat #cryptocurrency $BTC $ETH $BNB
Top trader alert! Bluntz, the analyst with a keen eye for crypto trends, is feeling bullish on Solana (SOL) and Ethereum (ETH)!Solana's price action has been impressive, and it looks like it's about to break out against Bitcoin (SOL/BTC) and the US dollar. Once it clears $32, we could see the floodgates open, with the potential for a 20% jump. Accumulation over the past year is paying off.Bluntz chart analysis shows a positive outlook for SOL/BTC, especially as it prints higher-low structures and surpasses diagonal resistance. Currently, Solana is valued at $30.80, and SOL/BTC is trading at 0.00098 BTC.But that's not all! Bluntz is also bullish on Ethereum (ETH). ETH respected support at $1,550 and is forming a promising higher-low setup.Keep an eye on these crypto movers! Solana and Ethereum could be in for some exciting times ahead. At the time of writing, Ethereum is trading at $1,696. #ETH #crypto2023 #BTC
THE #BITCOIN BULL MARKET HAS STARTED OFFICIALLY?
#BTC #cryptoexpertksrawat #cryptoexpert #link
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#BTC #cryptoexpertksrawat #cryptoexpert #link
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