Home
Notification
Profile
Trending Articles
News
Bookmarked and Liked
Creator Center
Settings
LIVE
Laraxen
--
Bearish
Follow
Bitcoin
Dominance at its highest level since April 2021
$BTC
#bitcoin
#bitcoindominance
Give a Tip
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
Â
See T&Cs.
15.8k
0
Replies
0
Explore the latest crypto news
âĄïž Be a part of the latests discussions in crypto
đŹ Interact with your favorite creators
đ Enjoy content that interests you
Email / Phone number
Sign Up
Login
Relevant Creator
LIVE
Laraxen
@CryptoPrincess
Follow
Explore More From Creator
Why is Bitcoin falling? Shaken by US stock markets Cryptocurrencies, especially Bitcoin, retreated after US stock exchanges opened with a decline. Bitcoin, which was above 69 thousand dollars during the day, fell below 67 thousand dollars. Bitcoin started the new week with a decline. While the number one cryptocurrency was trading above $69,500, it fell to $66 thousand 840 in the evening. The decline in Bitcoin was in parallel with the withdrawal of US exchanges. US markets opened the week with a decline, where investors are waiting for the balance sheets of big companies. The S&P 500 index lost 0.65 percent, the Dow Jones index by 0.8 percent and the Nasdaq Composite index by 0.6 percent. âInvestors started to think the Fed would act slowerâ On the other hand, the yield of 10-year US bonds increased by 9 points to 4,168 percent. Speaking to CNBC, CFRA chief investment strategist Sam Stovall said, "Bond yields continue to increase. Investors also think that the Fed will be slower in lowering interest rates as the economy continues to remain resilient. It will probably be more difficult for the Fed to reduce the inflation rate to the level of 2 percent it targets next year or more recently," he commented. A prediction shared by Goldman Sachs strategists on Friday also resonated on Wall Street. In the analysis published by the bank, it was suggested that the S&P 500 will provide a nominal return of only 3 percent per year per year in the next 10 years. The average in the last 10 years was 13 percent. In addition, it was emphasized that the index is 72 percent likely to lag behind US Treasury bonds by 2034. âInvestors should be prepared for the overall performance of their stocks for the next decade to be close to the lower limit,â the report said.
--
Crypto funds received the largest investment since July: Litecoin surprise... Crypto funds received a net investment of $2.2 billion last week and saw their biggest inflow since July. While the idea that Trump will win the election became stronger and stronger, the intense inflows to Ether, Solana and Litecoin funds did not escape the eyes. Last week, when Bitcoin exceeded 67 and 68 thousand dollars after months, there was a record entry into crypto funds after months. The funds saw their largest inflows since July and received a net investment of $2.2 billion. Solana and Litecoin... While Bitcoin was the fund that received the most investments with $2.1 billion, this figure was $57 million for Ether funds. There was an inflow of 2.4 million dollars to Solana funds, the second most invested altcoin of 2024. For Litecoin, to which Canary Capital applied for an ETF last week, there was an inflow of 1.7 million dollars. The net investment in Litecoin funds since the beginning of the year has increased to 41 million dollars. Introduction to Short-Bitcoin It also drew attention that short-Bitcoin funds, which had outflows of 6.3 million dollars last week, had a high inflow of 12.3 million dollars. The funds that have been negative since the beginning of the month have thus increased. There was also an exit of 1.5 million dollars from Cardano funds. Again, iShares, BlackRock's Bitcoin spot fund, received the most investment in ETFs. 1.1 billion dollars entered the IBIT fund. Grayscale's Bitcoin fund also saw a net inflow of $68 million. This figure was 319 million dollars for Fidelity and 306 million dollars for ARK Invest.
--
Surprising objection from SEC: They accepted the XRP decision During the discussions of whether the SEC missed the objection period, a last minute move came from the institution last night. The SEC stated that the court requested a change regarding the "summary decision" made last year. In the petition, it drew attention that there was no objection to the decision that the sale of XRP to small investors was not a security. The US Securities and Exchange Commission (SEC), TSI, submitted its official objection to the Ripple and XRP decision of judge Analisa Torres last night. However, the objection, also known as the C File, did not include the sale of XRP to a small investor in the stock exchanges. It was considered a victory As it will be remembered, Judge Torres stated in his decision in July last year that the sales of XRP to small investors in the stock exchanges did not enter the status of securities, but the similar sales to institutional companies fell into this status. The decision was perceived as "Ripple's victory" in the crypto world. âThe decision was officially recognizedâ It was considered certain that the SEC would object to the small investor's XRP decision, which was sold on exchanges, but this did not happen. Ripple legal counsel Stuart Alderoty tweeted, âThere are no surprises. The court's decision that 'XRP is not a security' was objected to. Thus, the decision was officially recognized. Wait for our objection," he said. So what and which decisions did the SEC object to? According to the petition; It is claimed that Ripple's company sales on the stock exchanges and the personal sales of managers Brad Garlinghouse and Chris Larsen are securities. In the objection petition, it is stated that the court's decision in the opposite direction should be changed. The company was fined $125 million for Ripple's decision to violate securities laws.
--
ApeChain opened, meme coin influx started: APE price doubled ApeChain, which is eagerly awaited after the testnet in July, has officially opened. With the opening of the network, the meme coin influx began. APE price has also doubled since yesterday. After ApeChain's launch in the test network in July, the waiting period has come to an end. ApeCoin announced the official opening of ApeChain. The statement stated that the hyperlinks are now available and users can move their APE, ETH or stablecoins to ApeChain to generate returns. In addition, it was informed that the core user incentive program, which is expected to provide users with more earning opportunities, will also be broadcast today. Meme coin influx to ApeChain With the opening of ApeChain, the meme coin race on the network began. While many meme coins were released from the first minutes, some of them reached a market value of millions of dollars in a short time. A token creation platform called ApeExpress, similar to pump.fun in the Solana network, has also been launched. CURTIS took the lead among meme coins. CURTIS, which reached a market value of approximately 16 million dollars, was followed by CIF with 5.3 million dollars and DOOKEY with 3.5 million dollars. APE price increased by 100 percent The opening of ApeChain had a great impact on the ApeCoin (APE) price. APE rose from $0.73 to $1.42 to close to 100 percent in hours.
--
2016 and 2020 benchmarks for Bitcoin: "It is progressing very similarly" In its latest report, blockchain analysis company CryptoQuant compared the current era of Bitcoin to 2016 and 2020. Will Bitcoin, which has achieved a strong bullish momentum this week, be able to bring its continuation? This is the question in the minds of investors. According to blockchain analysis company CryptoQuant, this probability is high. Emphasizing that Bitcoin generally performed well in the fourth quarters of the halving years, the company suggested that the current situation is similar to 2016 and 2020. In the report on the subject, the following statements were included: âIt should be noted that Bitcoin is in a period of positive seasonal performance. Bitcoin performs well, especially in the fourth quarters of the halving years. In the halving years in 2012, 2016 and 2020, the price increased by 9, 59 percent and 171 percent, respectively. Bitcoin has performed very similarly in the fourth quarter of 2024 so far to 2016 and 2020.â Comparison of the Bitcoin chart in 2016 and 2020 with 2024 The report also underlined that the demand for Bitcoin, which has been stagnant since May, has revived. "Bitcoin demand reached its highest level since the end of April, with a monthly increase of 177 thousand BTC last week," the company says. According to CryptoQuant, spot Bitcoin ETF purchases support the increase in demand. Another data that CryptoQuant draws attention to is that large investors continue to accumulate Bitcoin. In the report, "The total balance of Bitcoin whales continued to increase year-on-year and reached 670 thousand BTC. Moreover, the growth of the assets they hold is above the 365-day moving average, which is a good sign for the prices.â
--
Latest News
Anthropic Launches New Claude AI Model With Computer Use Beta
--
Raydium Surpasses Ethereum In 24-Hour Revenue
--
River Introduces Bitcoin Interest On Cash Deposits
--
Ether.fi Announces Veda Points Availability for Liquid Users
--
Crypto Executive Loses $450,000 Due To WiFi Vulnerability
--
View More
Sitemap
Cookie Preferences
Platform T&Cs