LIVEShanu11
@Square-Creator-ce6843276
Följer
Följare
Gilla-markeringar
Delade
Defunct crypto exchange Mt. Gox transferred 12,240 BTC, valued at approximately $840 million, to a new wallet over the past hour, according to data from Arkham Intelligence. Following the transfer, Bitcoin’s price experienced a minor dip, dropping below $68,500, according to CoinGecko’s data.
Despite the latest movement, there is still a substantial balance, worth approximately $9.7 billion, in the wallet.
Established in 2010 and once responsible for 70% of Bitcoin transactions worldwide, Mt. Gox suffered a devastating cyberattack in 2014, resulting in huge Bitcoin losses for both the exchange and its customers.
The exchange reported a loss of around 750,000 BTC belonging to customers and an additional 100,000 from its own funds. While 200,000 BTC were later recovered, the legal complexities in Japan have delayed restitution to the victims.
In 2021, a compensation plan was finally approved by Japanese courts. Mt. Gox’s current assets include 142,000 BTC, 143,000 BCH, and 69 billion Japanese yen.
The repayment process to creditors is set to commence before October 31, with repayments to be made in Japanese yen, Bitcoin, and Bitcoin Cash, depending on creditors’ preferences.
$BTC #btc #btcupdates2024
Despite the latest movement, there is still a substantial balance, worth approximately $9.7 billion, in the wallet.
Established in 2010 and once responsible for 70% of Bitcoin transactions worldwide, Mt. Gox suffered a devastating cyberattack in 2014, resulting in huge Bitcoin losses for both the exchange and its customers.
The exchange reported a loss of around 750,000 BTC belonging to customers and an additional 100,000 from its own funds. While 200,000 BTC were later recovered, the legal complexities in Japan have delayed restitution to the victims.
In 2021, a compensation plan was finally approved by Japanese courts. Mt. Gox’s current assets include 142,000 BTC, 143,000 BCH, and 69 billion Japanese yen.
The repayment process to creditors is set to commence before October 31, with repayments to be made in Japanese yen, Bitcoin, and Bitcoin Cash, depending on creditors’ preferences.
$BTC #btc #btcupdates2024
Frog-themed meme coin PEPE has seen a massive surge in its valuation, setting it up for a potential sell-off by market whales. Over the past 24 hours, PEPE has soared by 2.15% to $0.00001654, backed by a more than 75% surge in the trailing seven-day period.
The PEPE rally has set a bullish pace for other meme coins thus far this month. Historically, PEPE has always set a bullish course in the month of May. Per Cryptorank data, PEPE ended May 2023 at 74.9% growth, a figure that is less than double the 148.2% on record thus far this month.
This massive upshoot has helped PEPE hit multiple all-time highs (ATH) this month. Per on-chain data, the latest of this ATH came hours earlier as the token soared to a price of $0.00001718. Following this parabolic growth, the crypto analytics platform Lookonchain has hinted that two newly created wallets have withdrawn 182.7 billion PEPE worth approximately $3.1 million from OKX in less than one hour.
Such an enormous amount of PEPE moving from an exchange is arguably a vote of confidence as it shows the willingness to sell is reduced. While there might be a fraction of holders looking to take profits on their PEPE holdings, the token’s whales are arguably cautious, as seen from IntoTheBlock’s concentration by holders.
Amid the bullish trend on PEPE, the digital token is now on the verge of flipping Polygon by market capitalization.
As of writing, PEPE's market capitalization comes in at $6.98 billion, as compared to that of Polygon, pegged at $7.21 billion. Should the current price rally for PEPE continue at the same pace in the short to medium term, it might end up flipping not only Polygon but also Near, Bitcoin Cash, Tron and others, the same way it flipped Ethereum Classic.
$PEPE #pepe⚡ #PEPE/USDT
The PEPE rally has set a bullish pace for other meme coins thus far this month. Historically, PEPE has always set a bullish course in the month of May. Per Cryptorank data, PEPE ended May 2023 at 74.9% growth, a figure that is less than double the 148.2% on record thus far this month.
This massive upshoot has helped PEPE hit multiple all-time highs (ATH) this month. Per on-chain data, the latest of this ATH came hours earlier as the token soared to a price of $0.00001718. Following this parabolic growth, the crypto analytics platform Lookonchain has hinted that two newly created wallets have withdrawn 182.7 billion PEPE worth approximately $3.1 million from OKX in less than one hour.
Such an enormous amount of PEPE moving from an exchange is arguably a vote of confidence as it shows the willingness to sell is reduced. While there might be a fraction of holders looking to take profits on their PEPE holdings, the token’s whales are arguably cautious, as seen from IntoTheBlock’s concentration by holders.
Amid the bullish trend on PEPE, the digital token is now on the verge of flipping Polygon by market capitalization.
As of writing, PEPE's market capitalization comes in at $6.98 billion, as compared to that of Polygon, pegged at $7.21 billion. Should the current price rally for PEPE continue at the same pace in the short to medium term, it might end up flipping not only Polygon but also Near, Bitcoin Cash, Tron and others, the same way it flipped Ethereum Classic.
$PEPE #pepe⚡ #PEPE/USDT
There has been an interesting development in the cryptocurrency market, this time involving Elon Musk.
A cryptocurrency user created a new wallet about 1 day ago and withdrew 661 SOL worth 116 thousand dollars to this wallet via Binance. Immediately afterwards, he used all of these to buy 1.94 million memecoins called HARAMBE.
This wallet has currently made a profit of approximately 18 thousand dollars.
Although the amount of profit generated is low, it is noteworthy that this large purchase took place very shortly before Elon Musk tweeted about HARAMBE.
As it is known, Dogecoin's mascot dog Kabosu passed away at the age of 18. After this incident, Elon Musk published a message and said that Harambe, a famous gorilla who had previously passed away, and Kabosu went to heaven.
Following the development, the price of memecoin named HARAMBE increased by approximately 30%.
*This is not investment advice.
$DOGE #doge #DOGE/USDT
A cryptocurrency user created a new wallet about 1 day ago and withdrew 661 SOL worth 116 thousand dollars to this wallet via Binance. Immediately afterwards, he used all of these to buy 1.94 million memecoins called HARAMBE.
This wallet has currently made a profit of approximately 18 thousand dollars.
Although the amount of profit generated is low, it is noteworthy that this large purchase took place very shortly before Elon Musk tweeted about HARAMBE.
As it is known, Dogecoin's mascot dog Kabosu passed away at the age of 18. After this incident, Elon Musk published a message and said that Harambe, a famous gorilla who had previously passed away, and Kabosu went to heaven.
Following the development, the price of memecoin named HARAMBE increased by approximately 30%.
*This is not investment advice.
$DOGE #doge #DOGE/USDT
💜Free Signal Future 💜
💜Long Gala 💜
$GALA 👈
#GALA/USDT
●Entry Market price
● ( 20x)
● T.P
■ 0.045
■0.046
■0.047
■0.048
■0.049
● SL make own decision
● Not Financial advice
💜Long Gala 💜
$GALA 👈
#GALA/USDT
●Entry Market price
● ( 20x)
● T.P
■ 0.045
■0.046
■0.047
■0.048
■0.049
● SL make own decision
● Not Financial advice
cThe crypto market experienced a roller coaster ride this week. It initially surged with excitement following the US SEC’s approval of the spot ETH ETF, but later faced a correction period driven by Bitcoin. This caused broader market uncertainty with most of the major altcoins including TON witnessing a sideways action. The Toncoin price is currently trading at $6.4 and trying to stabilize above $6 physiological support. Will the correction trend extend or buyers could counterattack at the $6 floor?
Also Read: Toncoin Price Forecast Hints a Risk of 25% Fall Amid Emerging Double Top Pattern
On May 11th, the Toncoin coin witnessed a bearish reversal from the $7.5 resistance. This turnaround tumbled the coin price by 20% to hit support at a $6 psychological level. These two reversals within five weeks from the same resistance signal the formation of a bearish pattern called double top.
If the pattern holds true, the sellers could lead a 27% downfall only to complete the first part of the setup and challenge neckline support at $4.7.
Based on the analysis shared by Joao Wedson from CryptoQuant, it’s evident that the TON Network has seen a notable surge in high-value transactions. Throughout 2024, there’s been a dominant trend of transactions exceeding $1 million, which represents a significant portion of the on-chain volume for TON.
#toncoin
Also Read: Toncoin Price Forecast Hints a Risk of 25% Fall Amid Emerging Double Top Pattern
On May 11th, the Toncoin coin witnessed a bearish reversal from the $7.5 resistance. This turnaround tumbled the coin price by 20% to hit support at a $6 psychological level. These two reversals within five weeks from the same resistance signal the formation of a bearish pattern called double top.
If the pattern holds true, the sellers could lead a 27% downfall only to complete the first part of the setup and challenge neckline support at $4.7.
Based on the analysis shared by Joao Wedson from CryptoQuant, it’s evident that the TON Network has seen a notable surge in high-value transactions. Throughout 2024, there’s been a dominant trend of transactions exceeding $1 million, which represents a significant portion of the on-chain volume for TON.
#toncoin
Solana (SOL) defied a slight market dip today, maintaining key support levels and sparking renewed optimism among investors. The altcoin boasts a healthy 24-hour trading volume of $6.50 billion, solidifying its position among the top cryptocurrencies. Market dominance for SOL sits at 3.04%.
Analyst Bullish On Solana, Predicts Meteoric Rise
Prominent crypto analyst Trader Tardigrade isn’t shying away from bold predictions. In a recent analysis, Tardigrade expressed a highly optimistic view of Solana’s future price trajectory. According to the analyst, SOL, currently trading at $170, has successfully broken free from its recent consolidation pattern, signifying a bullish charge towards a staggering $1,000 mark.
Beyond price predictions, Tardigrade emphasized the exciting developments brewing within the Solana ecosystem. One such development is the rise of SocialFi applications, a new wave of social media platforms built on blockchain technology.
While short-term price fluctuations saw a 4.50% decrease in the last 24 hours and a 1.30% decline over the past week, the overall outlook for SOL remains upbeat. Market observers are particularly enthusiastic about both the immediate and long-term prospects for the cryptocurrency.
Ethereum ETF Approval Impact
The recent green light for the highly anticipated Ethereum ETF is expected to have a ripple effect, positively impacting the entire altcoin market, including Solana. This market-wide bullish sentiment could propel SOL prices even higher.
The Ethereum ETF’s approval not only signifies increased institutional trust in the cryptocurrency market but also paves the way for other blockchain projects to gain mainstream attention. As more investors become comfortable with cryptocurrency investments through regulated financial products, altcoins like Solana are poised to benefit from increased liquidity wider adoption.
At its all-time high of $259 on November 6, 2021, Solana reached its highest price; at its all-time low of $ 0.503701 on May 11, 2020, it recorded its lowest price.
$SOL
Analyst Bullish On Solana, Predicts Meteoric Rise
Prominent crypto analyst Trader Tardigrade isn’t shying away from bold predictions. In a recent analysis, Tardigrade expressed a highly optimistic view of Solana’s future price trajectory. According to the analyst, SOL, currently trading at $170, has successfully broken free from its recent consolidation pattern, signifying a bullish charge towards a staggering $1,000 mark.
Beyond price predictions, Tardigrade emphasized the exciting developments brewing within the Solana ecosystem. One such development is the rise of SocialFi applications, a new wave of social media platforms built on blockchain technology.
While short-term price fluctuations saw a 4.50% decrease in the last 24 hours and a 1.30% decline over the past week, the overall outlook for SOL remains upbeat. Market observers are particularly enthusiastic about both the immediate and long-term prospects for the cryptocurrency.
Ethereum ETF Approval Impact
The recent green light for the highly anticipated Ethereum ETF is expected to have a ripple effect, positively impacting the entire altcoin market, including Solana. This market-wide bullish sentiment could propel SOL prices even higher.
The Ethereum ETF’s approval not only signifies increased institutional trust in the cryptocurrency market but also paves the way for other blockchain projects to gain mainstream attention. As more investors become comfortable with cryptocurrency investments through regulated financial products, altcoins like Solana are poised to benefit from increased liquidity wider adoption.
At its all-time high of $259 on November 6, 2021, Solana reached its highest price; at its all-time low of $ 0.503701 on May 11, 2020, it recorded its lowest price.
$SOL
As the cryptocurrency market begins to recover from a steep downturn, there is a noticeable shift in sentiment, with increasing momentum signaling a potential upswing.
Following a period marked by fear and significant sell-offs, the market is gradually trending upward, unveiling new opportunities for investors.
According to CoinGlass, the average Relative Strength Index (RSI) currently stands at 54.56. This level indicates more balanced trading conditions, suggesting that the market is neither overly bullish nor bearish.
Such stability provides fertile ground for identifying potential buying opportunities, particularly in assets that have recently dipped into oversold territories.
Utilizing the 24-hour RSI heatmap from CoinGlass’s momentum indicator, Finbold has identified these opportunities, highlighting assets that are now poised for recovery after hitting recent lows.
TRON (TRX)
In this context, TRON (TRX) emerges as a noteworthy candidate for investment. Currently priced at $0.11349, TRX has recently experienced a slight decline of 0.97%. Its RSI readings across different time frames indicate that it has been significantly oversold.
Specifically, the RSI is at 29.54 for the 4-hour chart, 27.16 for the 12-hour, and 34.73 for the 24-hour. These indicators hint at a potential bottoming out, making TRX a prime candidate for a “buy the dip” strategy as the market sentiment begins to improve.
Bluzelle (BLZ)
Similarly, Bluzelle (BLZ) presents an intriguing opportunity. Currently priced at $0.267 with a recent increase of 3.9%, BLZ is showing early signs of recovery.
#blz #trx $BLZ $TRX
Following a period marked by fear and significant sell-offs, the market is gradually trending upward, unveiling new opportunities for investors.
According to CoinGlass, the average Relative Strength Index (RSI) currently stands at 54.56. This level indicates more balanced trading conditions, suggesting that the market is neither overly bullish nor bearish.
Such stability provides fertile ground for identifying potential buying opportunities, particularly in assets that have recently dipped into oversold territories.
Utilizing the 24-hour RSI heatmap from CoinGlass’s momentum indicator, Finbold has identified these opportunities, highlighting assets that are now poised for recovery after hitting recent lows.
TRON (TRX)
In this context, TRON (TRX) emerges as a noteworthy candidate for investment. Currently priced at $0.11349, TRX has recently experienced a slight decline of 0.97%. Its RSI readings across different time frames indicate that it has been significantly oversold.
Specifically, the RSI is at 29.54 for the 4-hour chart, 27.16 for the 12-hour, and 34.73 for the 24-hour. These indicators hint at a potential bottoming out, making TRX a prime candidate for a “buy the dip” strategy as the market sentiment begins to improve.
Bluzelle (BLZ)
Similarly, Bluzelle (BLZ) presents an intriguing opportunity. Currently priced at $0.267 with a recent increase of 3.9%, BLZ is showing early signs of recovery.
#blz #trx $BLZ $TRX
The Dogecoin community is enveloped in a somber mood as they bid farewell to Kabosu, the Shiba Inu who became the face of the beloved "Doge" meme.
The news of Kabosu's passing was met with an outpouring of tributes, with Robinhood, a popular stock brokerage app, joining in to post a tribute to the canine icon.
The Robinhood official X account posted the message "RIP 2005-2024" to express condolences for the lovable canine that had captured the hearts of millions worldwide.
Kabosu, who died at the age of 18, was not just a pet. Her quizzical expression captured in a photograph became a viral sensation, leading to the creation of countless memes and eventually inspiring the cryptocurrency Dogecoin. Her image, synonymous with humor and positivity, brought joy to millions around the world and became a symbol of the playful spirit of the internet age.
The Dogecoin community, affectionately known as "Shibes," also paid their respects to Kabosu, in noteworthy tributes. Social media platforms were flooded with messages of condolence, with many commenting that Kabosu's memory will live on.
Likewise, Dogecoin's price saw a rise in value, a seeming show of respect for Kabosu. Dogecoin previously rose as high as 6% before partially losing some of its gains to trade up 1.6% in the last 24 hours to $0.165.
Reposting Dogecoin co-founder Billy Markus alias Shibetoshi Nakamoto's eulogy on X, Robinhood reacted to Kabosu's death by posting "RIP 2005-2024" with a prayer emoticon. This message attracted the attention of Dogecoin community members who reacted to the post.
Robinhood's acknowledgment of Kabosu's passing is significant, given the platform's role in facilitating Dogecoin trades that contributed to the cryptocurrency's mainstream popularity. The platform's tribute reflects the broader impact Kabosu had on the world of the internet and technology, transcending her origins as a meme to become a cultural icon.
#doge⚡ $DOGE
The news of Kabosu's passing was met with an outpouring of tributes, with Robinhood, a popular stock brokerage app, joining in to post a tribute to the canine icon.
The Robinhood official X account posted the message "RIP 2005-2024" to express condolences for the lovable canine that had captured the hearts of millions worldwide.
Kabosu, who died at the age of 18, was not just a pet. Her quizzical expression captured in a photograph became a viral sensation, leading to the creation of countless memes and eventually inspiring the cryptocurrency Dogecoin. Her image, synonymous with humor and positivity, brought joy to millions around the world and became a symbol of the playful spirit of the internet age.
The Dogecoin community, affectionately known as "Shibes," also paid their respects to Kabosu, in noteworthy tributes. Social media platforms were flooded with messages of condolence, with many commenting that Kabosu's memory will live on.
Likewise, Dogecoin's price saw a rise in value, a seeming show of respect for Kabosu. Dogecoin previously rose as high as 6% before partially losing some of its gains to trade up 1.6% in the last 24 hours to $0.165.
Reposting Dogecoin co-founder Billy Markus alias Shibetoshi Nakamoto's eulogy on X, Robinhood reacted to Kabosu's death by posting "RIP 2005-2024" with a prayer emoticon. This message attracted the attention of Dogecoin community members who reacted to the post.
Robinhood's acknowledgment of Kabosu's passing is significant, given the platform's role in facilitating Dogecoin trades that contributed to the cryptocurrency's mainstream popularity. The platform's tribute reflects the broader impact Kabosu had on the world of the internet and technology, transcending her origins as a meme to become a cultural icon.
#doge⚡ $DOGE
Ethereum (ETH) price fails to reconquer $4,000
As U.Today previously reported, on May 23, 2024, the U.S. SEC approved 19b-4s requests for Ether ETFs' launch. The most crucial S-1s forms are yet to be authorized by the regulator.
The most interesting is yet to come for Ethereum ETF enthusiasts. The price of Ether demonstrated pale performance, unimpressed by the interim milestone.
Immediately post-approval, the Ethereum (ETH) price dropped from $3,830 to $3,670. As of printing time, Ether is changing hands at $3,743 on major spot exchanges.
Ether's price added 0.89% in the last 24 hours, underperforming compared to the market's benchmark of 1.9%.
#eth $ETH
As U.Today previously reported, on May 23, 2024, the U.S. SEC approved 19b-4s requests for Ether ETFs' launch. The most crucial S-1s forms are yet to be authorized by the regulator.
The most interesting is yet to come for Ethereum ETF enthusiasts. The price of Ether demonstrated pale performance, unimpressed by the interim milestone.
Immediately post-approval, the Ethereum (ETH) price dropped from $3,830 to $3,670. As of printing time, Ether is changing hands at $3,743 on major spot exchanges.
Ether's price added 0.89% in the last 24 hours, underperforming compared to the market's benchmark of 1.9%.
#eth $ETH
The US Securities and Exchange Commission said it has approved the launch of spot Ethereum ETFs for accelerated launch, according to Phoenix News.
Ethereum ETFs face a weeks-long process of finalizing S-1 registration statements, a form required by the SEC for ETFs to list securities, and establishing exchange agreements through multiple rounds of SEC communication.
The move is expected to bring a substantial influx of institutional capital into the Ethereum market, with Standard Chartered Head of Digital Assets Research Geoff Kendrick predicting inflows of $15 to $45 billion in the first 12 months.
To address SEC concerns, potential spot ETH ETF issuers, including Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck, have updated their filings to confirm they will not stake ETH for yield.
Earlier this week, Bloomberg analysts Eric Balchunas and James Seyffart have increased the odds of a spot Ethereum ETF being approved this month from 25% to 75%.
The approval of Ethereum ETFs and the passage of the FIT21 crypto bill suggest a shift in the Biden Administration’s stance on crypto, following former President Trump’s pledge to support the industry and foster a business-friendly environment in the US.
The approval comes just five months after the SEC gave the green light to 11 spot Bitcoin ETFs, marking a significant shift in the regulatory landscape for crypto in the US.
#eth #SEC #EthereumETFApprovalExpectations
Ethereum ETFs face a weeks-long process of finalizing S-1 registration statements, a form required by the SEC for ETFs to list securities, and establishing exchange agreements through multiple rounds of SEC communication.
The move is expected to bring a substantial influx of institutional capital into the Ethereum market, with Standard Chartered Head of Digital Assets Research Geoff Kendrick predicting inflows of $15 to $45 billion in the first 12 months.
To address SEC concerns, potential spot ETH ETF issuers, including Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck, have updated their filings to confirm they will not stake ETH for yield.
Earlier this week, Bloomberg analysts Eric Balchunas and James Seyffart have increased the odds of a spot Ethereum ETF being approved this month from 25% to 75%.
The approval of Ethereum ETFs and the passage of the FIT21 crypto bill suggest a shift in the Biden Administration’s stance on crypto, following former President Trump’s pledge to support the industry and foster a business-friendly environment in the US.
The approval comes just five months after the SEC gave the green light to 11 spot Bitcoin ETFs, marking a significant shift in the regulatory landscape for crypto in the US.
#eth #SEC #EthereumETFApprovalExpectations
According to the update on Donald Trump's official donation website, Trump's supporters can now donate cryptocurrency.
The image on the website included Bitcoin, Ethereum, Tether, Solana, USDC, XRP, Dogecoin, Cardano, SHIB and Avalanche.
Trump recently confirmed that he approves of cryptocurrencies. In February, he acknowledged Bitcoin's popularity, stating that BTC was an asset in its own right and that he could “live with it.”
This was in stark contrast to a statement he made on Twitter (now The former US president has launched three non-fungible token (NFT) collections since leaving office.
#btc #btc70k #PEPE
*This is not investment advice.
The image on the website included Bitcoin, Ethereum, Tether, Solana, USDC, XRP, Dogecoin, Cardano, SHIB and Avalanche.
Trump recently confirmed that he approves of cryptocurrencies. In February, he acknowledged Bitcoin's popularity, stating that BTC was an asset in its own right and that he could “live with it.”
This was in stark contrast to a statement he made on Twitter (now The former US president has launched three non-fungible token (NFT) collections since leaving office.
#btc #btc70k #PEPE
*This is not investment advice.
A new report on BTC has been published in China, known for its bans on Bitcoin and cryptocurrencies.
The report written by Chinese academics stated that BTC could be considered a property.
Academics who agree on the property characteristics of Bitcoin stated that BTC and cryptocurrencies have a relatively small area in terms of legal regulations in China.
At this point, academics pointed out that BTC and cryptocurrencies are not completely banned, but also said that they are not contraband goods.
As a result, academics who reached a general conclusion about Bitcoin wrote the following:
“Bitcoin is not legal, but it is not completely banned either. BTC is not a contraband commodity either.
Bitcoin is actually tradable and has economic value, so it can be considered property.”
Chinese scholars generally agree on the property attributes of Bitcoin and summarize: Bitcoin and digital currency has a relatively small space for legal order in China, but it is not completely banned. It is not a contraband. In fact, it can be traded and has economic value, so…
— Wu Blockchain (@WuBlockchain) May 6, 2024
China's Bitcoin Ban!
In September 2021, the Chinese government made a decision to ban all activities related to Bitcoin and cryptocurrencies, including cryptocurrency mining, and declared these transactions illegal.
The Chinese government also banned foreign cryptocurrency exchanges from providing services in the country.
#btc #China #btcban
The report written by Chinese academics stated that BTC could be considered a property.
Academics who agree on the property characteristics of Bitcoin stated that BTC and cryptocurrencies have a relatively small area in terms of legal regulations in China.
At this point, academics pointed out that BTC and cryptocurrencies are not completely banned, but also said that they are not contraband goods.
As a result, academics who reached a general conclusion about Bitcoin wrote the following:
“Bitcoin is not legal, but it is not completely banned either. BTC is not a contraband commodity either.
Bitcoin is actually tradable and has economic value, so it can be considered property.”
Chinese scholars generally agree on the property attributes of Bitcoin and summarize: Bitcoin and digital currency has a relatively small space for legal order in China, but it is not completely banned. It is not a contraband. In fact, it can be traded and has economic value, so…
— Wu Blockchain (@WuBlockchain) May 6, 2024
China's Bitcoin Ban!
In September 2021, the Chinese government made a decision to ban all activities related to Bitcoin and cryptocurrencies, including cryptocurrency mining, and declared these transactions illegal.
The Chinese government also banned foreign cryptocurrency exchanges from providing services in the country.
#btc #China #btcban
There are only 50 blocks left until the Bitcoin halving event, which is closely followed by the entire cryptocurrency market. Halving 840,000. The block will be processed from the moment it is mined.
According to the latest information, the halving will take place tonight at 05:26 Türkiye time (UTC+3). However, since block extraction times are not constant, there may be minor fluctuations in this time information.
After the halving, BTC miners will no longer receive a reward of 3,125 BTC per block, instead of 6.25 BTC. This will help reduce Bitcoin's inflation. This event will cut Bitcoin's inflation rate in half, from roughly 1.7% to 0.85%.
Before the halving, the BTC price experienced a partial recovery and at the time of writing, it is trading at $64,175, with an increase of approximately 1% compared to the last 24 hours.
JPMorgan analysts predict that production costs will rise to an average of $42,000 after the halving, and “this estimate is also the level at which we predict Bitcoin prices will drift once Bitcoin-halving-fuelled euphoria subsides after April,” the analysts wrote. However, looking at historical data, there are many analysts who think that the BTC price may experience an increase.
Because when historical data is examined, even if there is a decline in the first moments, it is extremely likely that BTC will reach high levels in the next medium and long term.
*This is not investment advice.
#BTCHALVING. #btc #BTC_CRASH_UPDATE
According to the latest information, the halving will take place tonight at 05:26 Türkiye time (UTC+3). However, since block extraction times are not constant, there may be minor fluctuations in this time information.
After the halving, BTC miners will no longer receive a reward of 3,125 BTC per block, instead of 6.25 BTC. This will help reduce Bitcoin's inflation. This event will cut Bitcoin's inflation rate in half, from roughly 1.7% to 0.85%.
Before the halving, the BTC price experienced a partial recovery and at the time of writing, it is trading at $64,175, with an increase of approximately 1% compared to the last 24 hours.
JPMorgan analysts predict that production costs will rise to an average of $42,000 after the halving, and “this estimate is also the level at which we predict Bitcoin prices will drift once Bitcoin-halving-fuelled euphoria subsides after April,” the analysts wrote. However, looking at historical data, there are many analysts who think that the BTC price may experience an increase.
Because when historical data is examined, even if there is a decline in the first moments, it is extremely likely that BTC will reach high levels in the next medium and long term.
*This is not investment advice.
#BTCHALVING. #btc #BTC_CRASH_UPDATE
BREAKING: Iran launches attack against Israel using dozens of drones, four U.S. and Israeli officials told me
— Barak Ravid (@BarakRavid) April 13, 2024
#btc #BTCDumpingByUS
— Barak Ravid (@BarakRavid) April 13, 2024
#btc #BTCDumpingByUS
The price of Bitcoin, the world's largest cryptocurrency, experienced a sudden decline today and the price fell below $ 68,000.
The BTC price, which was above $ 71,000 during the day, lost more than 5% of its value at its bottom with this decrease and is trading at $ 68,044 at the time of writing this article.
The main reason for the decline in Bitcoin price is the tension between Israel and Iran. It is known that Iran wants to retaliate against some groups affiliated with Iran that were killed by Israel weeks ago. Recently, it has been rumored that Iran wants to attack Israel, either directly or by using its affiliated forces.
However, in the statement made by Israel, it was claimed that a rocket attack was launched against them from Lebanese territory. In the latest developments, it is stated that Israeli warplanes are flying over Beirut.
According to the news of US media outlet CBS, based on two unnamed US officials, officials said that the attack could include more than 100 unmanned aerial vehicles and dozens of missiles against military targets within the country, and warned that Israel would have difficulty fending off an attack of this scale. .
As geopolitical tensions reached their highest level in recent days, both gold and Bitcoin lost a significant amount of value today. Although the ounce of gold rose above $2,400 during the day and broke the highest price record of all time, it lost blood with the recent developments but is still traded at $2,392.
With the decrease in the price of Bitcoin, the liquidation of millions of dollars was also triggered. According to the data, a huge amount of liquidation of 210 million dollars took place in the cryptocurrency market in the last hour. Approximately 200 million dollars of these liquidations were in long positions. However, the majority of the liquidations, $29 million, were observed in Ethereum and $20 million in Bitcoin.
#Bitcoin #bitcoinhalvingn #btc
The BTC price, which was above $ 71,000 during the day, lost more than 5% of its value at its bottom with this decrease and is trading at $ 68,044 at the time of writing this article.
The main reason for the decline in Bitcoin price is the tension between Israel and Iran. It is known that Iran wants to retaliate against some groups affiliated with Iran that were killed by Israel weeks ago. Recently, it has been rumored that Iran wants to attack Israel, either directly or by using its affiliated forces.
However, in the statement made by Israel, it was claimed that a rocket attack was launched against them from Lebanese territory. In the latest developments, it is stated that Israeli warplanes are flying over Beirut.
According to the news of US media outlet CBS, based on two unnamed US officials, officials said that the attack could include more than 100 unmanned aerial vehicles and dozens of missiles against military targets within the country, and warned that Israel would have difficulty fending off an attack of this scale. .
As geopolitical tensions reached their highest level in recent days, both gold and Bitcoin lost a significant amount of value today. Although the ounce of gold rose above $2,400 during the day and broke the highest price record of all time, it lost blood with the recent developments but is still traded at $2,392.
With the decrease in the price of Bitcoin, the liquidation of millions of dollars was also triggered. According to the data, a huge amount of liquidation of 210 million dollars took place in the cryptocurrency market in the last hour. Approximately 200 million dollars of these liquidations were in long positions. However, the majority of the liquidations, $29 million, were observed in Ethereum and $20 million in Bitcoin.
#Bitcoin #bitcoinhalvingn #btc
According to a report by the Financial Times, San Francisco-based company Ripple is on track to launch a dollar-backed stablecoin.
With such a move, the company, which is best known for its association with the controversial XRP cryptocurrency, plans to build a bridge between crypto and traditional finance, making it possible to use blockchain technology for trading securities.
As noted by Ripple, the stablecoin market has ballooned to a whopping $150 billion. Tether's USDT stablecoin alone is worth $106 billion, according to the latest data provided by CoinGecko.
The new stablecoin will be fully backed by dollar deposits, cash equivalents, and government bonds. Ripple claims that it will be conducting attestations on a monthly basis.
Ripple has pitched the new product as an "enterprise-grade" stablecoin with a "compliance-first mindset."
More use cases
Ripple's upcoming stablecoin will be launched simultaneously on Ethereum and the XRP Ledger. In the future, the stablecoin's issuance will also be expanded to other blockchains, according to the company's announcement.
The company believes that its new product will be able to attract more liquidity while generating more use cases.
In his statement, Ripple CEO Brad Garlinghouse described his company's foray into the stablecoin sector as "monumental" for the XRP Ledger community.
#Ripple #xrp #XRP/USDT🔥🔥:
With such a move, the company, which is best known for its association with the controversial XRP cryptocurrency, plans to build a bridge between crypto and traditional finance, making it possible to use blockchain technology for trading securities.
As noted by Ripple, the stablecoin market has ballooned to a whopping $150 billion. Tether's USDT stablecoin alone is worth $106 billion, according to the latest data provided by CoinGecko.
The new stablecoin will be fully backed by dollar deposits, cash equivalents, and government bonds. Ripple claims that it will be conducting attestations on a monthly basis.
Ripple has pitched the new product as an "enterprise-grade" stablecoin with a "compliance-first mindset."
More use cases
Ripple's upcoming stablecoin will be launched simultaneously on Ethereum and the XRP Ledger. In the future, the stablecoin's issuance will also be expanded to other blockchains, according to the company's announcement.
The company believes that its new product will be able to attract more liquidity while generating more use cases.
In his statement, Ripple CEO Brad Garlinghouse described his company's foray into the stablecoin sector as "monumental" for the XRP Ledger community.
#Ripple #xrp #XRP/USDT🔥🔥:
