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đš Hot development in the cryptocurrency world! đ
Last week the price of $TRB increased by over 100%. 8 whales earned $3.56 million from TRB. đ Between March and May, these whales withdrew a total of 82,849 TRB from Coinbase at a price of $80.2 and deposited it back approximately 2 months later at a price of $123 (53.6% increase). More whales can deposit TRB to Coinbase to earn profits. đ
#Binance #Bitcoin #ETH #XRP #SEC
Last week the price of $TRB increased by over 100%. 8 whales earned $3.56 million from TRB. đ Between March and May, these whales withdrew a total of 82,849 TRB from Coinbase at a price of $80.2 and deposited it back approximately 2 months later at a price of $123 (53.6% increase). More whales can deposit TRB to Coinbase to earn profits. đ
#Binance #Bitcoin #ETH #XRP #SEC
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On January 10, 2024, the long-awaited approval for the Bitcoin ETF was given. This caused the price of Bitcoin to rise between $72,000 and $73,000. Following the ETF approval, the Coinbase exchange attracted particular attention as the blue 30-day Coinbase Premium Index showed solid green. But by March, withdrawals from ETFs increased and withdrawals from GBTC were already intense. This situation caused the dreams of the ETF side to fail. Bitcoin price has dropped to $61,000 and currently the ETF side is still doing poorly. New entries into the market are required. The best way to monitor these flows is to follow the data presented in the daily chart below. Unfortunately, small investors continue to take long positions on declines and short positions on upswings. The most critical point here is to manage the psychological situation effectively.
#Binance #btc #Bitcoin #XRP #SEC $BTC
#Binance #btc #Bitcoin #XRP #SEC $BTC
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A wallet that had been dormant for 10.3 years transferred 687.33 bitcoins, worth approximately $44 million, on May 6. đ This wallet received 687.33 BTC, then worth $630,000, on January 12, 2014, when the price of bitcoin was $917 and Satoshi Nakamoto was still on the scene.
The movement of funds from such decade-old dormant wallets often arouses curiosity in the crypto community. The wallet split its assets by sending 625.43 BTC to an address starting with bc1qky and the remaining 61.9 BTC to bc1qdc. This activity invites speculation about its origins, especially from the Satoshi era. đ§
Despite theories linking these wallets to Satoshi, experts suggest they likely belong to early miners or investors who plan to benefit from bitcoin's recovery.
In the last week, BTC gained almost 4% to $65,500, followed by another pullback. Therefore, the transfer raises concerns that it could be a massive move to drain bitcoin reserves.
When the price of Bitcoin rose above $70,000 in 2024, the crypto market woke up a few dormant whales. One of these whales, an entity that accumulated approximately 4,300 BTC at an average of $30 a decade ago and made its first transfer in more than a decade, moved 246 BTC worth approximately $17 million in the first week of April.
A recent study by Fortune and Chainalysis found that there are approximately 1.75 million Bitcoin wallets that have been dormant for more than a decade. In total, these addresses hold 1,798,681 bitcoins, worth approximately $121 billion as of mid-March. These âmissingâ coins account for approximately 8.5% of the total supply of 21 million, with 93% of the total supply already mined.
#Binance #btc #Bitcoin #ETH #SEC $BTC
The movement of funds from such decade-old dormant wallets often arouses curiosity in the crypto community. The wallet split its assets by sending 625.43 BTC to an address starting with bc1qky and the remaining 61.9 BTC to bc1qdc. This activity invites speculation about its origins, especially from the Satoshi era. đ§
Despite theories linking these wallets to Satoshi, experts suggest they likely belong to early miners or investors who plan to benefit from bitcoin's recovery.
In the last week, BTC gained almost 4% to $65,500, followed by another pullback. Therefore, the transfer raises concerns that it could be a massive move to drain bitcoin reserves.
When the price of Bitcoin rose above $70,000 in 2024, the crypto market woke up a few dormant whales. One of these whales, an entity that accumulated approximately 4,300 BTC at an average of $30 a decade ago and made its first transfer in more than a decade, moved 246 BTC worth approximately $17 million in the first week of April.
A recent study by Fortune and Chainalysis found that there are approximately 1.75 million Bitcoin wallets that have been dormant for more than a decade. In total, these addresses hold 1,798,681 bitcoins, worth approximately $121 billion as of mid-March. These âmissingâ coins account for approximately 8.5% of the total supply of 21 million, with 93% of the total supply already mined.
#Binance #btc #Bitcoin #ETH #SEC $BTC
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So what will happen next in BTC?
$BTC is currently trading near the $64,000 level. It achieved an increase of approximately 14% from the 56K bands. This rise is very normal, not everyone opened a short transaction at 72K like us. When those who thought they were smart reached 56K levels, everyone opened short transactions at those levels, that is, 60K gold.
However, the market moves contrary to expectations. They should have opened it when the market did not expect this, like us. Now market makers have rallied the market to blow up these short sellers.
This upward pullback is quite normal.
But I think this rise will be a bear trap.
#Binance #btc #Bitcoin #ETH #SEC
$BTC is currently trading near the $64,000 level. It achieved an increase of approximately 14% from the 56K bands. This rise is very normal, not everyone opened a short transaction at 72K like us. When those who thought they were smart reached 56K levels, everyone opened short transactions at those levels, that is, 60K gold.
However, the market moves contrary to expectations. They should have opened it when the market did not expect this, like us. Now market makers have rallied the market to blow up these short sellers.
This upward pullback is quite normal.
But I think this rise will be a bear trap.
#Binance #btc #Bitcoin #ETH #SEC
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The cost of the wrong address was #Bitcoin , worth 68 million dollars
đčWith a moment of distraction he lost 1.155 #BTC
đčAttention when transferring your crypto assets:
This method of exploitation is becoming widespread!
Pay attention to wallet addresses! You can be defrauded at any time!
Interestingly, a crypto user sent $68 million worth of Bitcoin (BTC) to another address. The user fell victim to a carefully prepared deception.
You may be interested in: The most interacted cryptocurrencies of the week
The user unintentionally sent 1,155 Wrapped Bitcoin ($WBTC ) to the exploiter's wallet. Scam Sniffer and CertiK confirmed that the user was exploited given address poisoning.
The victim had previously sent 0.05 ETH to a wallet address. The abuser spoofed the wallet address that received the 0.05 ETH and made a null transfer to the victim. In the transaction history, the wallet that received 0.05 ETH and the wallet of the exploiter who imitated the wallet that received 0.05 ETH were placed one above the other.
Thus, when the victim wanted to send $68 million worth of WBTC to the address to which he sent 0.05 ETH, he mistakenly chose the address of the impersonator and sent it to this address.
The victim's careless loss of $68 million made a splash in the crypto industry. Experts stated that such abuses are becoming more common day by day and that caution should be exercised in transfer transactions.
When transferring assets by obtaining a wallet address from the transaction history, it is of great importance to check the entire wallet address.
#Binance #ETH #SEC
đčWith a moment of distraction he lost 1.155 #BTC
đčAttention when transferring your crypto assets:
This method of exploitation is becoming widespread!
Pay attention to wallet addresses! You can be defrauded at any time!
Interestingly, a crypto user sent $68 million worth of Bitcoin (BTC) to another address. The user fell victim to a carefully prepared deception.
You may be interested in: The most interacted cryptocurrencies of the week
The user unintentionally sent 1,155 Wrapped Bitcoin ($WBTC ) to the exploiter's wallet. Scam Sniffer and CertiK confirmed that the user was exploited given address poisoning.
The victim had previously sent 0.05 ETH to a wallet address. The abuser spoofed the wallet address that received the 0.05 ETH and made a null transfer to the victim. In the transaction history, the wallet that received 0.05 ETH and the wallet of the exploiter who imitated the wallet that received 0.05 ETH were placed one above the other.
Thus, when the victim wanted to send $68 million worth of WBTC to the address to which he sent 0.05 ETH, he mistakenly chose the address of the impersonator and sent it to this address.
The victim's careless loss of $68 million made a splash in the crypto industry. Experts stated that such abuses are becoming more common day by day and that caution should be exercised in transfer transactions.
When transferring assets by obtaining a wallet address from the transaction history, it is of great importance to check the entire wallet address.
#Binance #ETH #SEC
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đ Bitcoin price dropped below $58,000, Ethereum is below $2900.
đ In Hong Kong, crypto ETFs raised HKD 2 billion on the first day, surpassing the first day of US Bitcoin ETFs.
đš Early Bitcoin investor Roger Ver has been arrested for alleged tax fraud and could be extradited to the US.
đ Celsius Network burned 6.52 billion platform tokens CEL, worth approximately $90.42 million.
#Binance #btc #Bitcoin #XRP #SEC $BTC
đ In Hong Kong, crypto ETFs raised HKD 2 billion on the first day, surpassing the first day of US Bitcoin ETFs.
đš Early Bitcoin investor Roger Ver has been arrested for alleged tax fraud and could be extradited to the US.
đ Celsius Network burned 6.52 billion platform tokens CEL, worth approximately $90.42 million.
#Binance #btc #Bitcoin #XRP #SEC $BTC
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The Fed meeting will be announced today at 21:00.
đą What are the market expectations?
A great volatility can be observed in the markets before and after the Fed meetings. For this reason, investors and analysts closely follow the expectations regarding the Fed's interest rate decision. Additionally, the dollar index and gold prices are also affected by the Fed's interest rate decision. Of course, cryptocurrency prices too.
đą According to FedWatch, it is almost certain that the Fed will keep the policy rate constant at 5.25-5.50% at the meeting to be held on May 1.
đą When will the interest rate reduction start?
All eyes are on the date when the Fed will start reducing interest rates. Although Fed Chairman Powell excited investors with his dovish statements after the decision at the last meeting held on March 20, the recently announced inflation data in the USA pointed out that the cooling in the rate of increase of prices had stopped and caused the expectation outlook for the Fed to deteriorate.
đą Due to inflation that continues to remain sticky, it is observed that the Fed's interest rate reduction, which was expected to be made three times in 2024, has decreased to two times. In his recent speeches, Fed Chairman Powell stated that policy rates should remain tight for a while in order for the disinflation process to continue.
đą The US 1Q GDP data, which was well below expectations, also caused the expectations regarding the Fed to deteriorate. The possibility that the Fed will cut interest rates once a year has also begun to price in the money markets.
đą According to FedWatch, the Fed may loosen its tight monetary policy at its September meeting. 43.8% of economists predict that the Fed will start its first monetary easing move with a 25 basis point cut. On the other hand, 42.4% expect interest rates to remain constant.
â ïžStatements after the Fed Interest Rate Decision are Importantâ ïž
#Binance #btc #Bitcoin #SEC #XRP $BTC
đą What are the market expectations?
A great volatility can be observed in the markets before and after the Fed meetings. For this reason, investors and analysts closely follow the expectations regarding the Fed's interest rate decision. Additionally, the dollar index and gold prices are also affected by the Fed's interest rate decision. Of course, cryptocurrency prices too.
đą According to FedWatch, it is almost certain that the Fed will keep the policy rate constant at 5.25-5.50% at the meeting to be held on May 1.
đą When will the interest rate reduction start?
All eyes are on the date when the Fed will start reducing interest rates. Although Fed Chairman Powell excited investors with his dovish statements after the decision at the last meeting held on March 20, the recently announced inflation data in the USA pointed out that the cooling in the rate of increase of prices had stopped and caused the expectation outlook for the Fed to deteriorate.
đą Due to inflation that continues to remain sticky, it is observed that the Fed's interest rate reduction, which was expected to be made three times in 2024, has decreased to two times. In his recent speeches, Fed Chairman Powell stated that policy rates should remain tight for a while in order for the disinflation process to continue.
đą The US 1Q GDP data, which was well below expectations, also caused the expectations regarding the Fed to deteriorate. The possibility that the Fed will cut interest rates once a year has also begun to price in the money markets.
đą According to FedWatch, the Fed may loosen its tight monetary policy at its September meeting. 43.8% of economists predict that the Fed will start its first monetary easing move with a 25 basis point cut. On the other hand, 42.4% expect interest rates to remain constant.
â ïžStatements after the Fed Interest Rate Decision are Importantâ ïž
#Binance #btc #Bitcoin #SEC #XRP $BTC
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A Bitcoin miner solved the network independently and solved block 841,286, earning a reward of 3,125 BTC. đ
After the fourth Bitcoin halving, which took place on April 20, the block reward dropped from 6.25 BTC to 3,125 BTC, which is now worth about $200,000.
On April 29, Con Kolivas, manager and software engineer of solo mining pool ckpool, shared that a miner (not a large company) had solved the 282nd solo block in Bitcoin history. This is a rare situation.
Kolivas stated that this solo miner had a significant hash rate of approximately 120PH (peta hash) at the time. This hash rate was approximately 0.02% of the total network hash rate.
Bitcoin mining involves participants contributing computing power to solve the next block and add it to the network. But with the rising price of Bitcoin, mining has become more popular, leading to increased difficulty and increased hash rate, i.e. network strength. Therefore, due to this high competition, it has become almost impossible to solve a block alone. âïž
According to Bitinfocharts, the average network hash rate currently stands at 618 EH per second (exa hashes) and reached an all-time high of 728 EH on April 23. This represents an increase of more than 90% over the last 12 months and demonstrates the extraordinary nature of the latest solo mining success.
#Binance #btc #Bitcoin #XRP #SEC $BTC
After the fourth Bitcoin halving, which took place on April 20, the block reward dropped from 6.25 BTC to 3,125 BTC, which is now worth about $200,000.
On April 29, Con Kolivas, manager and software engineer of solo mining pool ckpool, shared that a miner (not a large company) had solved the 282nd solo block in Bitcoin history. This is a rare situation.
Kolivas stated that this solo miner had a significant hash rate of approximately 120PH (peta hash) at the time. This hash rate was approximately 0.02% of the total network hash rate.
Bitcoin mining involves participants contributing computing power to solve the next block and add it to the network. But with the rising price of Bitcoin, mining has become more popular, leading to increased difficulty and increased hash rate, i.e. network strength. Therefore, due to this high competition, it has become almost impossible to solve a block alone. âïž
According to Bitinfocharts, the average network hash rate currently stands at 618 EH per second (exa hashes) and reached an all-time high of 728 EH on April 23. This represents an increase of more than 90% over the last 12 months and demonstrates the extraordinary nature of the latest solo mining success.
#Binance #btc #Bitcoin #XRP #SEC $BTC
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LAST MINUTE. The Wallet Buying Ethereum at $0.9 Became Active After 9 Years
An Ethereum wallet bought ETH when the price of Ethereum was not even $1, and years later this wallet took action.
According to Etherscan data, this wallet associated with the Ethereum Foundation purchased 2,000 Ethereum on September 22, 2015, when the price was just $0.9.
This transaction occurred at block 272,366, and for the next nine years the wallet did not process any transactions.
Yesterday, these Ethereums, worth $6.3 million, were transferred to a new wallet.
According to news that emerged last week, the US Securities and Exchange Commission (SEC) has launched an investigation into the Ethereum Foundation.
ConsenSys, a leading supporter of the Ethereum ecosystem, has filed a lawsuit against the SEC seeking to classify Ethereum as a security.
#Binance #btc #Bitcoin #XRP #SEC $ETH
An Ethereum wallet bought ETH when the price of Ethereum was not even $1, and years later this wallet took action.
According to Etherscan data, this wallet associated with the Ethereum Foundation purchased 2,000 Ethereum on September 22, 2015, when the price was just $0.9.
This transaction occurred at block 272,366, and for the next nine years the wallet did not process any transactions.
Yesterday, these Ethereums, worth $6.3 million, were transferred to a new wallet.
According to news that emerged last week, the US Securities and Exchange Commission (SEC) has launched an investigation into the Ethereum Foundation.
ConsenSys, a leading supporter of the Ethereum ecosystem, has filed a lawsuit against the SEC seeking to classify Ethereum as a security.
#Binance #btc #Bitcoin #XRP #SEC $ETH
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Market maker $BTC is deliberately suppressing the price!
Spot $BTC and $ETH ETFs, which will be opened for trading in Hong Kong on Tuesday, April 30, are keeping the price low because they want more demand and more money to enter the system, that is, to increase demand!
Be alert as the journey to over 70k will begin on Tuesday!
#Binance #btc #Bitcoin #SEC #web3
Spot $BTC and $ETH ETFs, which will be opened for trading in Hong Kong on Tuesday, April 30, are keeping the price low because they want more demand and more money to enter the system, that is, to increase demand!
Be alert as the journey to over 70k will begin on Tuesday!
#Binance #btc #Bitcoin #SEC #web3
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Friends, I have prepared a list for you below of coins that have weak social media power, do not have enough volume and liquidity, do not improve themselves, and yet continue to be listed on Binance.
đEPX
đGFT
đFIRO
đUNFI
đUFT
đOOKI
đCREAM
These coins have been stagnating in terms of volume and market value for a long time. Attempts are made to keep him standing with artificial pumps from time to time. They have no social media functions and there has been no progress on their projects for a long time. If a delisting process is carried out, there is a high probability that these coins will be deleted at first.
Those who have investments should continue to wait, but I think it will be beneficial for them to gradually switch to coins that are available if they are upgraded with a nice artificial pump.
STAY TUNED. ADDITIONS AND REMOVES MAY BE MADE TO THE LIST ACCORDING TO DEVELOPMENTS.
#Binance #btc #Bitcoin #SEC #web3
đEPX
đGFT
đFIRO
đUNFI
đUFT
đOOKI
đCREAM
These coins have been stagnating in terms of volume and market value for a long time. Attempts are made to keep him standing with artificial pumps from time to time. They have no social media functions and there has been no progress on their projects for a long time. If a delisting process is carried out, there is a high probability that these coins will be deleted at first.
Those who have investments should continue to wait, but I think it will be beneficial for them to gradually switch to coins that are available if they are upgraded with a nice artificial pump.
STAY TUNED. ADDITIONS AND REMOVES MAY BE MADE TO THE LIST ACCORDING TO DEVELOPMENTS.
#Binance #btc #Bitcoin #SEC #web3
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#BTC Update
đ Currently Price is Playing Above the 64k Support Area and I Am Expecting a Neckline Break Toward $66150 In The Inverse Head And Shoulders Low Time Frame Formed On The Chart, The Last Hope For A Bullish Scenario
đš $66150 is an important level and if the price breaks and holds above this level, the next target will be 73 thousand
YTD.
#Binance #Bitcoin #SEC #web3 $BTC
đ Currently Price is Playing Above the 64k Support Area and I Am Expecting a Neckline Break Toward $66150 In The Inverse Head And Shoulders Low Time Frame Formed On The Chart, The Last Hope For A Bullish Scenario
đš $66150 is an important level and if the price breaks and holds above this level, the next target will be 73 thousand
YTD.
#Binance #Bitcoin #SEC #web3 $BTC
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Binance founder and former CEO Changpeng Zhao (CZ) publicly apologized for "wrong decisions" and took "full responsibility" for his actions. While Binance partner He Yi admitted that CZ may have made mistakes, he stated that his biggest mistake was ignorance. đ
After resolving the charges with the U.S. Department of Justice (DOJ) in November 2023, CZ is scheduled to be sentenced on April 30. The DOJ requested a 36-month sentence even though CZ had previously waived his right to appeal any prison sentence of up to 18 months. đïž
Zhao acknowledged the need to implement compliance changes earlier at Binance and emphasized the implementation of strict controls during his tenure. He also expressed his desire to resolve matters before the court in order to pursue new opportunities, emphasizing his voluntary surrender and acceptance of responsibility in the ongoing case.
Binance partner He Yi called CZ the guardian of the cryptocurrency industry and likened it to the Wild West. He noted that most of the founding team members, including himself, had no legal expertise and that no one except CZ could read English.
Binance settled US charges of money laundering and sanctions violations last year, resulting in $4.3 billion in fines and scrutiny from authorities.
#Binance #btc #Bitcoin #SEC #web3
After resolving the charges with the U.S. Department of Justice (DOJ) in November 2023, CZ is scheduled to be sentenced on April 30. The DOJ requested a 36-month sentence even though CZ had previously waived his right to appeal any prison sentence of up to 18 months. đïž
Zhao acknowledged the need to implement compliance changes earlier at Binance and emphasized the implementation of strict controls during his tenure. He also expressed his desire to resolve matters before the court in order to pursue new opportunities, emphasizing his voluntary surrender and acceptance of responsibility in the ongoing case.
Binance partner He Yi called CZ the guardian of the cryptocurrency industry and likened it to the Wild West. He noted that most of the founding team members, including himself, had no legal expertise and that no one except CZ could read English.
Binance settled US charges of money laundering and sanctions violations last year, resulting in $4.3 billion in fines and scrutiny from authorities.
#Binance #btc #Bitcoin #SEC #web3
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đ° US Senator Elizabeth Warren proposed the "Cryptocurrency Reporting and Wealth Tax Act" to President Joe Biden against the challenges and wealth inequality brought by crypto assets. đź
This proposal would require individuals, fiduciaries, and institutions with over $1,000 in cryptocurrency to report to the IRS, and a 1% wealth tax would apply to cryptocurrency over $500,000. Warren thinks this proposal strikes a balance between encouraging innovation and ensuring the tax system is fair. đïž
#Binance #btc #Bitcoin #SEC #web3 $BTC
This proposal would require individuals, fiduciaries, and institutions with over $1,000 in cryptocurrency to report to the IRS, and a 1% wealth tax would apply to cryptocurrency over $500,000. Warren thinks this proposal strikes a balance between encouraging innovation and ensuring the tax system is fair. đïž
#Binance #btc #Bitcoin #SEC #web3 $BTC
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Today, 1 data from the USA was announced. US Gross Domestic Product (GDP) was announced.
âą Announced: 1.6%
âą Expectation: 2.5%
âą Previous: 3.4%
For those wondering what this means, the US economy grew below expectations with 1.6 percent in the first quarter of the year compared to the same period of 2023.
The fact that the US growth data is lower than expected is positive for Bitcoin. If you ask why, when the economy slows down in the USA, interest rate cuts are made early. You will soon see that FED members will make statements about early interest rate cuts one by one.
In late 2023, FED members supposedly said that the first interest rate cut of 2024 would occur in these months. But in recent months, FED Chairman Powell himself said that the interest rate cut would be delayed due to the increase in US inflation. Things have changed now. Early interest rate cut announcements will soon come from many FED members, including Powell.
#Binance #btc #Bitcoin #SEC #web3 $BTC
âą Announced: 1.6%
âą Expectation: 2.5%
âą Previous: 3.4%
For those wondering what this means, the US economy grew below expectations with 1.6 percent in the first quarter of the year compared to the same period of 2023.
The fact that the US growth data is lower than expected is positive for Bitcoin. If you ask why, when the economy slows down in the USA, interest rate cuts are made early. You will soon see that FED members will make statements about early interest rate cuts one by one.
In late 2023, FED members supposedly said that the first interest rate cut of 2024 would occur in these months. But in recent months, FED Chairman Powell himself said that the interest rate cut would be delayed due to the increase in US inflation. Things have changed now. Early interest rate cut announcements will soon come from many FED members, including Powell.
#Binance #btc #Bitcoin #SEC #web3 $BTC
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Geoff Kendrick, head of digital asset research at Standard Chartered Bank, believes bitcoin (BTC) will rise post-halving due to under-leveraged positions in the market.
As tensions in the Middle East increased, the crypto market faced liquidations of millions in short and long positions. BTC dropped from $71,000 to $61,000 in one day with the news of Iran's attack on Israel. This resulted in losses to more than 300,000 investors with liquidations of $1.8 billion.
Kendrick stated that the liquidation of leveraged positions has opened a path for the crypto market to rise and is poised to rise from its current position.
Additionally, aside from less leveraged positions in the market, Kendrick noted that spot Bitcoin exchange-traded funds (ETF) entrants and positive news expected from the situation between Iran and Israel could trigger BTC's rise.
Kendrick estimates that the Bitcoin ETF space is similar to gold and could grow 4.3x with inflows over time. This could see BTC rise to $150,000 by the end of 2024 and $200,000 in 2025.
#Binance #btc #Bitcoin #SEC #web3 $BTC
As tensions in the Middle East increased, the crypto market faced liquidations of millions in short and long positions. BTC dropped from $71,000 to $61,000 in one day with the news of Iran's attack on Israel. This resulted in losses to more than 300,000 investors with liquidations of $1.8 billion.
Kendrick stated that the liquidation of leveraged positions has opened a path for the crypto market to rise and is poised to rise from its current position.
Additionally, aside from less leveraged positions in the market, Kendrick noted that spot Bitcoin exchange-traded funds (ETF) entrants and positive news expected from the situation between Iran and Israel could trigger BTC's rise.
Kendrick estimates that the Bitcoin ETF space is similar to gold and could grow 4.3x with inflows over time. This could see BTC rise to $150,000 by the end of 2024 and $200,000 in 2025.
#Binance #btc #Bitcoin #SEC #web3 $BTC
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Bitcoin price remained above $66,000 for several days and pushed $67,000 several times without success. The ensuing rejection compounded the pain for bulls and those overleveraged in long positions, increasing the total value of liquidations by more than $200 million on a daily basis.
However, altcoins also have a big say in this matter, as many of them have fallen more than bitcoin.
Last week was quite painful for the major cryptocurrency as the asset fell below $60,000 on two separate occasions amid rising tensions between Iran and Israel.
Iran, which first said it would not retaliate, caused the price of bitcoin to gain a lot of value and rise to approximately $65,000 when the fourth halving was completed.
Since then, BTC has continued to gain value and rose above $67,000 on Tuesday and Wednesday morning. However, the bears stepped in at this point and reversed bitcoin's trajectory.
Within hours, the asset fell to $64,500 and another decline pushed it below $63,600, a multi-day low. Despite recovering a few hundred thousand dollars since then, BTC is still in the red, just above $64,000.
More painful declines are seen in Solana (-7%), Toncoin (-7%), Dogecoin (-7%), Avalanche (-10%), Shiba Inu (-8%) and many others.
Therefore, it is not at all surprising that almost 100,000 traders went bankrupt in the last day and most of them were holding long positions. The total value of liquidations on a daily basis at CoinGlass is just over $210 million.
#Binance #btc #Bitcoin #SEC #web3 $BTC
However, altcoins also have a big say in this matter, as many of them have fallen more than bitcoin.
Last week was quite painful for the major cryptocurrency as the asset fell below $60,000 on two separate occasions amid rising tensions between Iran and Israel.
Iran, which first said it would not retaliate, caused the price of bitcoin to gain a lot of value and rise to approximately $65,000 when the fourth halving was completed.
Since then, BTC has continued to gain value and rose above $67,000 on Tuesday and Wednesday morning. However, the bears stepped in at this point and reversed bitcoin's trajectory.
Within hours, the asset fell to $64,500 and another decline pushed it below $63,600, a multi-day low. Despite recovering a few hundred thousand dollars since then, BTC is still in the red, just above $64,000.
More painful declines are seen in Solana (-7%), Toncoin (-7%), Dogecoin (-7%), Avalanche (-10%), Shiba Inu (-8%) and many others.
Therefore, it is not at all surprising that almost 100,000 traders went bankrupt in the last day and most of them were holding long positions. The total value of liquidations on a daily basis at CoinGlass is just over $210 million.
#Binance #btc #Bitcoin #SEC #web3 $BTC
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How long does it take for large companies to make $1 billion in profits?
NVIDIA 1 billion every 81 hours
META 1 billion every 61 hours
1 billion Samsung phones every 44 hours
Microsoft downloads 1 billion files every 40 hours
Google searches 1 billion every 29 hours
APPLE 1 billion every 22 hours
Amazon sells 1 billion every 15 hours
If we gave you all of these companies and asked you to spend all of their revenues in a single sector, which sector would that sector be?
Cryptocurrency, real estate, automotive industry, smartphone industry...?
#Binance #btc #Bitcoin #SEC #web3
NVIDIA 1 billion every 81 hours
META 1 billion every 61 hours
1 billion Samsung phones every 44 hours
Microsoft downloads 1 billion files every 40 hours
Google searches 1 billion every 29 hours
APPLE 1 billion every 22 hours
Amazon sells 1 billion every 15 hours
If we gave you all of these companies and asked you to spend all of their revenues in a single sector, which sector would that sector be?
Cryptocurrency, real estate, automotive industry, smartphone industry...?
#Binance #btc #Bitcoin #SEC #web3