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2024-10-13 04:17:58 UTC

Investor Summary: Bitcoin Price Analysis and 7-Day Forecast (October 14 - October 20, 2024)🤗
https://m.primal.net/LUPM.webp
Market Overview:
Bitcoin has shown considerable volatility during the analyzed period, with prices ranging between $57,501 and $66,480. The most recent available closing price was $62,732 on October 13, 2024.
Statistical Analysis:
Average price: $62,614
Median price: $62,940
Standard deviation: $1,823
Volatility (coefficient of variation): 2.91%
Time Series Analysis:
The ARIMA model and linear regression analysis indicate a slightly bullish trend for the next 7 days, with the following potential price forecasts:
October 2024: $62,985
October 2024: $63,210
October 2024: $63,425
October 2024: $63,630
October 2024: $63,825
October 2024: $64,010
October 2024: $64,185
Trend Analysis:
The overall trend shows moderate upward movement, with an average daily increase of around 0.35% over the coming week.
Investor Recommendations:
Entry Point: A favorable entry point could be around or below $62,500, representing a slight pullback from the current price level.
Risk Management: Set stop-loss orders around $61,000 to hedge against potential downside risks.
Target Prices: Short-term traders might consider taking profits in the range of $64,000-$65,000, while long-term investors could wait for potentially higher gains.
Volatility Awareness: Be prepared for daily price fluctuations of up to 2-3%, based on historical volatility.
Market Sentiment: Monitor global economic news and crypto regulations, as these factors can significantly influence Bitcoin’s price.
Diversification: While Bitcoin is showing a positive trend, consider diversifying your crypto portfolio to mitigate risks.
Technical Indicators: Watch for support levels around $60,000 and resistance at $65,000, based on recent price movements.
Conclusion:
The analysis points to a cautiously optimistic outlook for Bitcoin in the short term. However, investors should remain vigilant and adjust their strategies to changing market conditions. Always conduct thorough research and consider your risk tolerance before making investment decisions.
#btc #analysis #invest #crypto #money #bitcoin #trade

2024-08-28 13:16:14 UTC

Why Bitcoin Needs Layer-2 Technologies 🚀
https://m.primal.net/KRfj.webp
Bitcoin is a store of value, digital scarcity, and an alternative to gold. To compete with Ethereum or Solana, Layer-2 technologies are emerging. 🏦 Bitcoin was introduced as "digital gold," offering a safe haven against the uncertainties of an inflationary financial system, with a unique selling point: a mathematically guaranteed cap of 21 million coins. 💎 Absolute digital scarcity. For many Bitcoiners, this value proposition is enough.
However, since smart contract platforms like Solana (SOL) and Ethereum (ETH) have shown the potential variety of applications beyond traditional transactions, there has been growing demand within the Bitcoin community for expanding the functionality of the world's largest cryptocurrency. 🔧 Technologies like Runes, Ordinals, Stacks, RGB, and Lightning have emerged from this debate.
What Are the Advantages of Bitcoin Layer-2s? 🌐
The benefits of Bitcoin Layer-2s, like Rootstock (RSK), Liquid, and RGB, can be summarized as follows:
Scalability: ⚡ Lightning, Liquid, and similar solutions shift on-chain transactions to a second layer. In the case of Lightning, they can be processed in real-time, significantly increasing the potential transaction throughput of Bitcoin.
Lower Fees: 💸 Off-chain transactions are much cheaper, sometimes costing less than a cent. As network traffic increases, offloading to second-layer technologies becomes increasingly relevant.
Privacy: 🔒 Second-layer transactions are considered more private than easily traceable on-chain transactions. Anyone sending transactions on the Bitcoin blockchain must be aware that their identity could be inferred, as the blockchain is publicly visible.
Off-Chain Smart Contracts: 🧠 Layer-2 solutions can support off-chain smart contracts, enabling more complex and sophisticated transactions. Examples include the NFT layer-2 Runes. A DeFi ecosystem on Bitcoin is also conceivable.
What Are the Disadvantages of Bitcoin Layer-2s? ⚠️
There are also criticisms of Bitcoin Layer-2s:
Adoption and Lack of Ecosystem: 🌱 The adoption rate is still relatively modest. Many investors primarily appreciate BTC for its store-of-value properties. Even the number of Lightning nodes is at the same level as three years ago.
Trust Required: 🤝 Some second-layer technologies, like Liquid, are not entirely decentralized. Liquid, for example, relies on the Liquid Federation, a consortium of about 60 industry representatives like trading desks, exchanges, and developers. Only 15 of them are authorized to mine Liquid blocks.
Blockchain Congestion: 🧱 Layer-2 protocols like Runes are criticized for clogging Bitcoin with "useless" data, such as JPEGs. This can sometimes drive transaction fees to record highs.
#btc #bitcoin #blokchain #sat #invest #bitnewstoday

2024-08-28 04:34:10 UTC

Ripple under Pressure: Large Investors Sell Off XRP 😬
Large investors have recently sold massive amounts of XRP. These sell-offs have significantly pushed the price down.
https://m.primal.net/KRAh.webp
The crypto market is currently experiencing turbulence, and XRP (XRP), the native cryptocurrency of the Ripple network, is no exception. ⚠️
On Monday, August 26th, the XRP price dropped for the second time in a row, breaking through the crucial $0.60 mark. The price decline is primarily attributed to the sale of large amounts by whales, i.e., major investors with substantial holdings. 🐋 These sales increase the pressure on the market and have led to a noticeable correction in the XRP price. 📉
🐋 Whale Sales Increase Pressure Data from the analysis company Santiment shows that investors holding over 100 million XRP sold around 140 million of these tokens within a week. 😱
Such massive sell-offs by large investors often trigger a chain reaction that drives the price of a cryptocurrency further down. The influence of whales on the market is enormous, and their decisions directly impact the price. 🌀 Recently, Ripple announced initial tests with its own stablecoin. However, this had not yet had a direct impact on the cryptocurrency's price.
While the whales are reducing their holdings, smaller investors seem to be taking the opportunity to buy up XRP. 🛍️ These purchases by retail investors may have slightly eased the selling pressure, but they couldn't stop the current downward trend. 📉 An analysis of the distribution of XRP holdings shows that the whale sales have been partially offset by an increase in holdings among smaller investors. 📊
#xrp #crypto #invest #altcoins

2024-08-26 16:27:09 UTC

"Telegram in Turmoil: Pavel Durov's Arrest Sends TON Plummeting"
https://m.primal.net/KOGh.webp
While US Federal Reserve Chairman Jerome Powell sent the crypto market northward, one coin took a significant hit: TON. The arrest of Telegram CEO Pavel Durov raises questions about the future of the closely linked blockchain project. Last week, the world was eagerly watching Jackson Hole, where central bank representatives gathered. The highlight was a speech by US Federal Reserve Chairman Jerome Powell. As markets had hoped, he hinted at a potential rate cut on September 18. Bitcoin and other risk assets have surged in recent days in response. 📈
Telegram in jeopardy: What this means for TON A less favorable event was the arrest of Telegram founder Pavel Durov at Paris airport. He is accused of violating the EU's Digital Service Act with his messaging service. The TON blockchain, closely associated with Telegram, is also suffering from the consequences of the arrest, with its price dropping by up to 20% at its peak. 📉
#bitcoin #ton #crypto #invest

2024-08-07 15:23:58 UTC

☀️ Dogwifhat lays the turbo: Is WIF the memecoin of this bull run?
https://m.primal.net/JrRs.webp
Dogwifhat is recovering brilliantly from the flash crash at the beginning of the week. Why the memecoin is so successful and could even become the DOGE of this bull run. The crypto market is recovering from the flash crash. And right at the top among the performers of the top 100: Dogwifhat. Once again.
Almost 27 percent plus in 24 hours. The cute dog with the hat seems unstoppable. Since its launch at the end of November 2023, the memecoin has known almost only one direction: upwards. Around 25,000 percent growth in just under 4 months: Dogwifhat quickly established itself as the new star in the memecoin sky.
At times, it overtook Pepe and reached a market capitalization of over 4 billion US dollars at its peak in April 2024. Although the hype has recently subsided a bit, forecasts remain optimistic. 🚀🐶🎩📈
#dogwifhat #crypto #bitnewstoday #btc #invest

2024-07-31 04:55:53 UTC

🧨 BitnewsToday Crypto Analysis:
Investor Summary: Bitcoin Price Analysis and 7-Day Forecast (July 31 - August 6, 2024)
https://m.primal.net/Jjtn.webp
Market Overview:
Bitcoin has shown significant volatility throughout July 2024, with prices ranging from a low of $53,717 to a high of $69,987. The month ended with a closing price of $65,616 on July 31, 2024.
Statistical Analysis:
Mean price: $62,947
Median price: $63,974
Standard deviation: $3,892
Volatility (coefficient of variation): 6.18%
Time Series Analysis:
The ARIMA model and linear regression analysis suggest a slightly bullish trend for the next 7 days, with potential price targets as follows:
August 1, 2024: $66,123
August 2, 2024: $66,584
August 3, 2024: $67,012
August 4, 2024: $67,405
August 5, 2024: $67,768
August 6, 2024: $68,102
August 7, 2024: $68,412
☀️ Trend Analysis:
The overall trend indicates a moderate upward movement, with an average daily increase of approximately 0.7% over the next week.
Investor Recommendations:
Entry Point: Consider entering the market at or below $65,500, which represents a slight dip from the current price level.
Risk Management: Set stop-loss orders around $63,000 to protect against potential downside risks.
Target Prices: Short-term traders may consider taking profits at $68,000-$69,000 range, while long-term investors might hold for potential higher gains.
Volatility Awareness: Be prepared for daily price swings of up to 3-4% based on historical volatility.
Market Sentiment: Monitor global economic news and cryptocurrency regulations, as these factors can significantly impact Bitcoin prices.
Diversification: While Bitcoin shows a positive trend, consider diversifying your cryptocurrency portfolio to mitigate risks.
Technical Indicators: Watch for support levels around $64,000 and resistance at $70,000 based on recent price action.
Conclusion:
The analysis suggests a cautiously optimistic outlook for Bitcoin in the short term. However, investors should remain vigilant and adapt their strategies to changing market conditions. Always conduct thorough research and consider your risk tolerance before making investment decisions.
#bitcoin #crypto #invest #analysis #trend #btc #money #bitnewstoday

2024-07-31 03:54:46 UTC

Arkham Intelligence: United States Government Holds $12 Billion in Bitcoin (BTC) 💰🇺🇸
https://m.primal.net/JjrK.webp
Crypto-friendly Senator Cynthia Lummis recently announced her intention to advocate for a strategic Bitcoin reserve for the United States. The US government currently holds over 183,000 Bitcoin, worth about $12 billion, making it one of the largest Bitcoin holders 🪙💼.
According to Arkham Intelligence, the US government also possesses 50,000 Ether (ETH), 121 million USDT, and over 10 million USD Coin 🪙📊.
The most recent transaction from the US government’s wallet took place on July 29, involving nearly 28,000 BTC. The identity of the receiving wallets is currently unknown 🔍📅.
Bitcoin as a Strategic Reserve for the United States
On July 27, the last day of the Bitcoin 2024 conference in Nashville, Senator Cynthia Lummis announced the introduction of legislation to make Bitcoin a strategic reserve for the United States 🇺🇸⚖️. Former President Donald Trump has also hinted at creating a strategic Bitcoin reserve. During his speech at Bitcoin 2024, the Republican presidential candidate promised not to sell the US government’s Bitcoin holdings. Trump stated he wants the Bitcoin industry in the US to thrive and doesn’t want to stifle blockchain innovation through overregulation 📈🚀.
Skepticism About Strategic Reserve Plans
Ari Paul, Chief Information Officer at BlockTower Capital, believes the chances of Bitcoin becoming a strategic reserve for the United States are slim. By 2028, he says the odds are 10:1 📉🤔.
Paul explained that an informal announcement by presidential candidates not to sell the United States' Bitcoin holdings is not sufficient to establish an official strategic reserve fund 📜⚠️.
#btc #crypto #bitcoin #invest #money #news #eth #usa

2024-07-29 08:11:14 UTC

https://m.primal.net/JhmR.jpg

2024-07-29 02:57:25 UTC

🫰 Bitcoin Fees at Historic Lows 📉
https://m.primal.net/JheP.webp
Currently, BTC transaction fees are as low as they haven't been in a long time. Why Bitcoin miners are suffering – but how you can benefit. Following the fourth Bitcoin halving in April, many users complained about a fee explosion. At its peak, transaction fees averaged $128, prohibitively high for many Bitcoiners. Thanks to this record high, miners' cash registers were ringing, as the Bitcoin halving block at block height 840,000 included 37.7 BTC (then $2.4 million) in fees. With the high fees, Bitcoin miners were initially barely affected by the reduction in block subsidy from 6.25 BTC to 3.125 BTC.
Times have changed 🕒. Miners finance themselves through the block reward, which includes the transaction fees along with the block subsidy halved in April. As such, they are currently suffering doubly, since the latest data from mempool.space shows: A medium-priority transaction costs only 6 sat/vB or $0.54 as of editorial deadline. Accordingly, Bitcoin miners often earned less than $30 million per day in July, about half compared to March and April. Bitcoin savers can now benefit from the low fees 💸.
One's misfortune is another's fortune. While mining companies are in an intensified competition and had to sell large parts of their Bitcoin reserves recently, users can now again carry out cheap on-chain transactions. This might currently be a good opportunity for investors who want to transfer their coins stored on crypto exchanges or hot wallets to a cold wallet.
Bitcoin transaction fees are structured differently than, for example, credit card payment fees. A higher transferred BTC amount does not necessarily cost more. Instead, Bitcoin fees are determined by supply and demand in a free market. Rule of thumb: The more transactions waiting in the mempool and the more data being sent, the higher the fee. Therefore, advanced Bitcoiners might use the current situation for UTXO consolidation, thereby avoiding high future fee payments. 🚀
#bitcoin #mining #fees #crypto

2024-07-27 02:54:21 UTC

https://m.primal.net/Jfpu.png

2024-07-26 03:10:23 UTC

🧨 Mining Giant Buys Bitcoin for $100 Million🫰
Marathon Digital is the world's largest Bitcoin miner. The company has now announced its new BTC strategy – revealing a huge Bitcoin reserve. Marathon Digital is the largest mining company in the world, valued at $5.75 billion on the stock market. Now, they have announced a bullish Full-Hodl strategy along with a major BTC repurchase.
https://m.primal.net/Jeda.webp
In a new X post, Marathon CEO Fred Thiel writes: "Today, Marathon is proud to announce that to strengthen our strategy, we purchased $100 million worth of BTC last month and will now fully commit to HODL." 🚀
The mining giant wants to use BTC as a strategic reserve, where "Full Hodl" in Bitcoin slang means nothing less than "holding for life." It's no coincidence that Marathon's CEO linked permabull Michael Saylor in the quoted X post. 💪
Meanwhile, the leading cryptocurrency is trading at $63,500, having dropped about 4.5 percent in the last 24 hours. Compared to the previous week, the BTC price has lost about 1.8 percent.
Especially exciting: In a statement, the mining company also announced that with the recent purchase, it now holds over 20,000 Bitcoin worth almost $1.3 billion on its balance sheet and wants to buy more.
"We believe Bitcoin is the best reserve asset in the world and support the idea that sovereign wealth funds should hold BTC," explains Fred Thiel. "We encourage governments and companies to hold Bitcoin as a reserve asset." 🌍
For a few days now, a rumor has been circulating in the crypto scene that former President Donald Trump will announce at the upcoming Bitcoin Conference in Nashville that he will make Bitcoin the reserve asset of the USA. He would apparently have Marathon's support.
While other mining companies capitulated, Marathon Digital held onto its Bitcoin in June despite the falling BTC price. 🏆
#bitcoin #mining #crypto #invest #bitnewstoday #btc

2024-07-26 02:47:11 UTC

Bonk: A True Winner in 2024 🏆
https://m.primal.net/Jebv.png
Few coins can match the strength of Bonk this year. The coin started with an airdrop at the end of 2022 and remained quiet until about a year later, when it recorded a series of consecutive rises to new all-time highs within six months. Bonk, now constantly vying for the top spot with the Solana memecoin, has yielded a 25,000% profit for those who got in early by the time of publication. 🚀
The coin might slowly follow the path of more established memecoins like Shiba Inu (SHIB), thanks to its vibrant ecosystem featuring an NFT collection, a trade bot, and much more. 🐶 With a market capitalization of almost $2 billion at the time this report was published, the possibilities for triple or even double-digit gains are limited, however. 💹
Those looking for an established memecoin will find Bonk a compelling choice. Currently, it won't deliver the kind of profits that a coin in its early stages might, but for anyone interested in Solana-based coins, it remains an interesting candidate. 🌟
# #invest #bitnewstoday #money #meme #bitcoin

2024-07-24 03:16:35 UTC

🚀 #BitcoinHalving 🌟
https://m.primal.net/JcIq.jpg
The journey of #Bitcoin rewards from 2009 to 2024:
🔸 2009: 50 BTC
🔸 2012: 25 BTC
🔸 2016: 12.5 BTC
🔸 2020: 6.25 BTC
🔸 2024: 3.125 BTC
Historically, each #BitcoinHalving has led to significant price increases as the supply of new BTC decreases. Could 2024 bring a new all-time high? 📈💰
#Crypto #Blockchain #BTC #Cryptocurrency #BitcoinPrice

2024-07-24 02:58:47 UTC

📚✨ Bitnews.Today Book Tip of the Week ✨📚
https://m.primal.net/JcIF.jpg
Discover "Dream Lessons: Stories for Smart Dreamers," the latest enchanting children's book by Andreas Stammer, author of "Scenario: The Veiled Truth." 🌟
Amazon Books: https://www.amazon.com/dp/B0CRRTBKLX
Join young readers on a magical journey filled with fantasy, adventure, and essential life lessons. 🌈✨
📖 Why Read "Dream Lessons"? 📖
🧠 Encourages a love of reading in children
❤️ Imparts valuable life lessons and fosters social and emotional skills
👶 Age-appropriate content for different developmental stages
👨‍👩‍👧‍👦 Perfect for family reading time and shared bonding moments
Each story in "Dream Lessons" covers important themes like self-confidence, friendship, environmental awareness, creativity, and diversity, all beautifully illustrated to stimulate the imagination. 🌍🎨
An ideal gift and a valuable addition to any child's library. Get your copy on Amazon today and dive into the world of smart dreamers! 📚🌟
#DreamLessons #ChildrensBooks #SmartDreamers #BookRecommendation #FamilyReading #Fantasy #Adventure #LifeLessons #KidsBooks #ReadingForKids #AmazonBooks #BookLovers #Parenting #EducationalBooks

2024-07-24 02:50:16 UTC

🧨 Bitnews.Today Airdrop of the Day:
Schokolade (CHOC)
https://m.primal.net/JcHl.webp
The $CHOC coin is the world's first meme coin inspired by a popular, extraordinary food product.
About Schokolade (CHOC):
"The $CHOC coin is the only and first meme coin in the world inspired by a popular food product that goes beyond the ordinary.
While the current meme coin market is predominantly dominated by animal-themed memes, the $CHOC meme coin, reborn from chocolate – a food loved by all – is expected to create new resonance in the coin market.
Freshness of a food-themed meme coin
Sustainable promotion based on sufficient financial resources
Activation and cohesion of SNS based on an active community with over 100,000 members
Special prizes (Tesla S, MacBook Pro, iPhone 15 Pro Max, PlayStation, SOL coins) for the top 200 buyers in the pre-sale
Meme coin based on Solana
A team that has successfully led numerous meme projects (planned listing on the CEX exchange)
ICO Start: 2024.06.28
ICO End: 2024.08.30
Website: https://www.choc.meme/
Token Information: $CHOC
Price per Token: 0.00002 USD
Token Type: Meme coin and community coin
Purchase with: SOL, ETH
#ico #bitnewstoday #invest #money #crypto #airdrop

2024-07-24 02:31:59 UTC

In just 2 hours: Mt. Gox records outflows of $3.2 billion in Bitcoin (BTC) 🚨💸
https://m.primal.net/JcHB.webp
Mt. Gox has transferred over 47,500 BTC to unknown addresses, continuing the repayments. On July 23, Mt. Gox once again shifted funds, transferring over 47,500 Bitcoin worth almost $3.2 billion to two unknown addresses.
According to Arkham Intelligence, Mt. Gox holds 90,344 Bitcoin (BTC) valued at $6.02 billion. The current holdings are approximately 42,744 BTC worth $2.85 billion.
Following the insolvency declaration of the exchange on July 5, plans for an "immediate" repayment to creditors were announced, which are apparently already in full swing. 🔄💼
Preparations for Bitstamp Repayments
On July 22, Mt. Gox began preparing to repay creditors via Bitstamp.
According to Arkham Intelligence, Mt. Gox addresses have deposited one US dollar to four different Bitstamp deposit addresses. "Bitstamp is one of five exchanges working with the Mt. Gox trustee." 💰🔗
Although financial analyst Jacob King speculated in an X-Post on July 4 that 99 percent of creditors would "immediately" sell their coins if they received them, a Reddit survey suggests otherwise.
Over $12 billion
With the recent $3.2 billion in BTC from the Mt. Gox address, more than $12 billion has been paid out to creditors since July 16.
On July 16, the exchange recorded outflows of more than 140,000 BTC. This is a significant development after two weeks of inactivity. 📉🔍

2024-07-23 02:58:17 UTC

Bitcoin Blockchain.
https://m.primal.net/Jaus.png
The decentralized, transparency and immutability nature of blockchain tech makes cryptocurrency more secure and simplified for users. In future, there are possibilities for the banking Industry may completely work in Blockchain Technology. 🌐🔗💡
#Blockchain #Cryptocurrency #FutureOfBanking 🏦🚀🔒

2024-07-22 02:41:50 UTC

Poodlana Becomes Viral Hit in Asia in 24 Hours: Over $1 Million in Pre-Sales 🚀🌍
https://m.primal.net/JZhh.png
Poodlana, a pioneer of the new FashionFi trend among memecoins, has already raised over $1 million in the first 24 hours of its 30-day pre-sale.
Leveraging the enormous market capitalizations of top memecoins from Asia, Poodlana benefits from significant Asian support. This development was predicted in early analyses and is driven by Asian countries' enthusiasm for high-end fashion and poodles.
Another key factor for adoption is the interest in the pre-sale. Currently priced at $0.02, the final price will reach up to $0.054, promising high returns for early-phase buyers.
POODL tokens can be purchased on the official Poodlana website. The smart contract is programmed to increase the token price every 72 hours until the end of the pre-sale, which concludes on August 16 and will be listed on exchanges within 60 minutes.
Poodlana: The Giant Awakens 🐾💼
Early analyses had already recognized the allure of Poodlana in Asian markets before its launch, and these predictions have been confirmed by POODL's performance to date.
Driven by a triple passion for memecoins, fashion, and poodles, Asian investors are flocking to "The Hermès of Cryptocurrencies". The poodle, the region's most popular dog breed, is especially beloved in Japan, Korea, and China. Interestingly, these three countries also fuel most of the memecoin trading.
It's no surprise, then, that these markets are driving the viral spread of Poodlana. And while Poodlana leverages the already existing love for poodles, the hype is not confined to Asia: the rest of the world is taking cues from this trend-setting market, similar to other trends like PeiPei, the "Chinese PEPE," which reached new all-time highs this week.
The New Trendsetter of the Crypto World 🌟🐶
Dog-themed memecoins are making serious waves in the memecoin space. Shiba-Inu coins like DOGE and SHIB have long been success stories with a combined market cap of nearly $30 billion. This suggests that any coin that can successfully reinterpret a popular theme also has excellent potential. With a more elegant mascot specifically designed for the most receptive market for new memecoins, poodles may soon outshine all other dog breeds.
The fashion industry also plays a significant role. Poodlana's brilliant branding focuses on high fashion and the celebrity world, bringing a touch of class to an otherwise kitschy domain. Asian markets dominate fashion consumption, as over a third of LVMH's revenue comes from these markets. LVMH is the parent company of Louis Vuitton, Dior, Givenchy, and others. Hence, it's easy to see why Asian markets adore the luxury of Poodlana.

2024-07-21 04:08:44 UTC

Will the new British government sell its 61,245 Bitcoin (BTC)? 💷💼🤔
https://m.primal.net/JYXE.webp
The Labour Party is once again leading the government in the UK, raising the question of whether they will follow Germany's example regarding Bitcoin. The transition from a Conservative-led government to a Labour government under Prime Minister Keir Starmer has sparked speculation about what will happen to the country's Bitcoin holdings.
As of July 19, according to crypto data service Arkham, the British government held around 61,245 Bitcoin 🪙 valued at over $4 billion. The newly appointed British Finance Minister Rachel Reeves now has new discretion over the handling of these crypto funds, most of which were seized in a money laundering case against hotel employee Jian Wen.
Despite some bureaucratic hurdles, Reeves might take the opportunity to liquidate the Bitcoin holdings as part of Labour's plans to promote economic stability and growth. A political statement read by King Charles III on July 17 indicated that Labour would prioritize the construction of affordable housing and the improvement of the national railway system. 🏡🚆
With over 61,000 BTC, the United Kingdom holds one of the largest Bitcoin reserves among governments worldwide, second only to the United States. The German government recently liquidated 49,858 BTC in multiple transactions in June and July, raising around $2.8 billion. It remains unclear what Germany intends to do with the funds.
The current rapidly fluctuating developments in the crypto market could impact when Reeves considers a sale, if at all. Analysts predict that the lead-up to the US presidential elections might favor prices, but releases of previously frozen Bitcoin from the former crypto exchange Mt. Gox could also cause the Bitcoin price to fall.
#Bitcoin #Crypto #UK #LabourParty #Economy #KeirStarmer #Finance #BTC #Blockchain

2024-07-20 04:31:34 UTC

Bitcoin Price (BTC) Gallops Towards $66,000, One-Month High Within Reach 📈
https://m.primal.net/JXKt.webp
BTC continues its climbing spree. As data from CoinTelegraph Markets Pro and TradingView indicate, the leading cryptocurrency is nearly reaching a one-month high in its ongoing ascent.
With a daily gain of over 2.5%, Bitcoin continues to surprise market participants after being trapped in a weakening sideways movement in the previous weeks. 🚀
"The IBIT (Bitcoin ETF) started trading at 09:30 AM and within minutes, Bitcoin surged past $64,000 and then even $65,000," Charles Edwards, founder of crypto analysis firm Capriole Investments, commented on X. Meanwhile, data from CoinGlass shows that Bitcoin continues to absorb liquidity on the upside. 💸
Consequently, it's tough times for short positions, as liquidations for these have already totaled nearly $170 million in the last 24 hours. ⚡
"In the four-hour chart, BTC is taking another run after a brief sideways movement," observes crypto trader Cheds. Signs are accumulating. 📊
QCP Capital's analysts are similarly optimistic, increasingly confirmed that Bitcoin has temporarily concluded its recent downtrend. 📉
"The price action this week has been quite resilient, especially considering the repayments from Mt. Gox and the faltering stock market," the experts explain to their followers. QCP adds that funding rates for perpetual futures are almost flat again, while "volume decreases and BTC climbs back into the familiar price range of $61,000 - $71,000 that was the benchmark in Q2."
#bitcoin #chart #invest #money #crypto #coins

2024-07-19 03:01:13 UTC

🧨 Bitnews.Today Airdrop of the Day:
Scotty KI
https://m.primal.net/JVtj.png
About Scotty AI
Scotty AI is an innovative crypto project centered around AI. It combines advanced artificial intelligence with a deep understanding of blockchain technology to serve as the guardian and protector of secrets in the crypto universe. 🌐💡
Scotty Chat – Your AI-powered crypto companion! Discuss cryptocurrencies, gain market insights, and explore the world of digital assets. 📈🗨️
Staking Feature – Stake your Scotty tokens and earn on our platform. ScottyAI token rewards are distributed at 82.5 $SCOTTY per ETH block to users. Rewards are paid out over a three-year period, based on your share of the staking pool and the annual percentage yield. 💰🔒
Scotty Swap – Your go-to for seamless and lightning-fast token exchanges. Using cutting-edge AI technology, Scotty ensures every trade is not only secure but also optimized for maximum gains. 🚀🔄
ICO Start: 01/01/2024
ICO End: 30/09/2024
Purchase with:
ETH, USDT-erc20, BNB, USDT-bep20, MATIC, Card 💳
Website: https://scottytheai.com/en
#crypto #startup #invest #ico #bitnewstoday

2024-07-19 02:13:21 UTC

🧨 Bitcoin could soon reach $110,000 according to crypto experts.
https://m.primal.net/JVrY.webp
Despite disagreements about the timing, Michael van de Poppe of MN Capital predicts, "The next surge will catapult Bitcoin to $110,000," as per his X post on July 17. However, some experts note that Bitcoin has struggled to regain previous highs, with Peter Brandt commenting on the same day, "The trend of lower highs and lower lows continues despite halvings, ETF approvals, and hype."
Van de Poppe remains optimistic, attributing the current volatility to difficulties faced by Bitcoin miners post-halving, with increased operational costs and decreased mining rewards. "The real hashrate drop on July 1 was as SEVERE as during the FTX collapse," he notes.
https://m.primal.net/JVrZ.webp
Bitcoin reached a record high of $73,679 on March 13, but subsequent attempts have failed to surpass $71,000. There was a significant dip to $54,274 on July 5, marking the lowest in four months, according to CoinMarketCap data.
Nonetheless, Brandt is "impressed" by Bitcoin's recent rebound, which saw it reclaim significant support and rise to $65,735.
While the timing of the "next surge" remains unclear, some analysts envision the $100,000 mark being breached possibly within the next 12 months, as suggested by Pierre Rochard of Riot Platforms on July 17.
Conversely, crypto trader Marco Johanning is less optimistic, believing Bitcoin will not hit $100,000 soon but rather adjusting his forecast to a lower range of $81,000 to $94,000 due to recent lows.
#bitcoin #crypto #invest #money #trading #bitnewstoday

2024-07-17 13:26:05 UTC

Poodlana: Fashion Memecoin Now Available in Presale
https://m.primal.net/JTzN.webp
Asia is not only a hotspot for crypto but also for fashion. The new Poodlana token combines these themes and is now available in presale. Today, Poodlana's presale opens its doors to investors who want to secure the new cryptocurrency early. The fashion-focused memecoin aims to appeal primarily to Asian buyers. That's why Poodlana features a poodle motif, as these dogs are as popular in the region as crypto and fashion.
The POODL token from Poodlana is available for $0.02 and promises a return of 169% for those who buy today until the presale ends on August 16. This is achieved solely through the various price tiers in the presale.
Poodlana Combines Poodles, Fashion, and Memes
The goal is to create a hype around Poodlana that originates in Asia and spreads worldwide in the foreseeable future. The hope is based on projections for the Asian fashion market, which is expected to generate a revenue of half a trillion dollars by 2029. Especially the emerging middle class in countries like China and Korea is extremely fashion-conscious.
It's not just Louboutin heels and Burberry trench coats that capture the hearts of trendsetters. The latest luxury accessory is poodles. K-pop stars, Chinese actors, and Japanese figure skaters regularly showcase the beautiful curls of their poodles, proving that this breed is popular across Asia.
Poodlana Presale Only Until August 16
Poodlana is touted as the "hottest new meme coin on Solana" and aims to attract investors with its low presale price of $0.02. POODL will only be offered in presale for 29 more days before it ends on August 16. Prices increase every 72 hours. This mechanism is intended to create a FOMO (Fear of Missing Out) wave among investors. After the presale ends, POODL will be listed on a DEX in less than 60 minutes.
Visit the official website to learn more about Poodlana and buy POODL coins: https://poodlana.com/en
#Poodlana #Memecoin #Crypto #Fashion #Presale #POODL #Solana #Investment #Asia #Poodles 🐩👗🌐

2024-07-17 13:19:02 UTC

Pixelverse Introduces Pudgy Penguin Figure in Telegram Mini-Game☀️
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A character from Pudgy Penguins is being integrated into Pixelverse, joining characters like Doge from Dogecoin and Mew from the Solana memecoin MEW. The figure from the popular Non-Fungible Token (NFT) collection Pudgy Penguins will be introduced as a character in the Pixelverse mini-game on Telegram.
On July 16, Pixelverse announced the introduction of the Pudgy Penguin character "Pudgy" into the game. This character joins other crypto favorites like Doge from the memecoin Dogecoin (DOGE) and Mew, a character representing a Solana memecoin.
With this integration, players can play the character in the Pixelverse game. This follows the official release of the Pudgy Penguins game in 2025.
Decline of the NFT Market in the Second Quarter
In the second quarter of 2024, NFT sales volume decreased by 45 percent compared to the first quarter of the year. The digital collection tracker CryptoSlam showed a significant decline in NFT volume from $4.1 billion in the first quarter to $2.24 billion in the second quarter. This was the worst quarter for NFTs since the third quarter of 2023.
While the NFT market is in decline, some experts say the sector is undergoing a correction. Anoir Houmou, founder and CEO of the Sui-backed video engagement platform RECRD, said trends indicate that the market is gradually maturing after its explosive growth in recent years. Despite lower NFT sales, Pixelverse and Pudgy Penguins remain some of the biggest names in Web3 gaming and NFTs.
The Telegram mini-game PixelTap reached over 50 million users in the first month after its launch.
#Pixelverse #PudgyPenguins #NFT #CryptoGaming #TelegramGames #Web3 #Doge #Dogecoin #Mew #Solana #NFTMarket #Gaming #CryptoSlam #RECRD #PixelTap

2024-07-17 13:12:58 UTC

- reply

BR can influence the Bitcoin network through their holdings in various ways, similar to how paper gold can manipulate the gold price. 📊💡
Comparison with Paper Gold:
Market Stability and Liquidity:
Paper Gold: Large amounts of paper gold ETFs can flood the market and influence the physical gold price without any actual physical gold changing hands. 💰📉
Bitcoin: If BR holds large amounts of Bitcoin, they can impact market stability and liquidity. A sudden sale (dumping) could flood the market and drastically lower the price. 📉💸
Market Manipulation:
Paper Gold: Paper gold can be used to artificially manipulate the market by distorting the supply and demand balance. ⚖️🔄
Bitcoin: BR could use similar tactics by strategically moving their holdings in the market to create or control price fluctuations. 🔄📈
Impact on Trust:
Paper Gold: Investor trust can be undermined by the uncertainty about the actual amount of physical gold represented by paper gold. 🤔🔍
Bitcoin: A massive sell-off by BR could undermine investor confidence in the stability and future of the Bitcoin network, similar to how mistrust in the backing of paper gold can affect the gold market.
Long-term Effects:
Paper Gold: In the long run, manipulation through paper gold can lead to a distortion of the true value of physical gold.
Bitcoin: Similarly, BR's control over large Bitcoin holdings and their potential sale could have long-term effects on the perception and value of Bitcoin.
Through these mechanisms, BR can exert significant influence over the Bitcoin network, much like the manipulation of the gold price through paper gold.

2024-07-17 13:11:00 UTC

- reply

BR can influence the Bitcoin network through their holdings in various ways, similar to how paper gold can manipulate the gold price. 📊💡
Comparison with Paper Gold:
Market Stability and Liquidity:
Paper Gold: Large amounts of paper gold ETFs can flood the market and influence the physical gold price without any actual physical gold changing hands.
Bitcoin: If BR holds large amounts of Bitcoin, they can impact market stability and liquidity. A sudden sale (dumping) could flood the market and drastically lower the price.
Market Manipulation:
Paper Gold: Paper gold can be used to artificially manipulate the market by distorting the supply and demand balance. ⚖️🔄
Bitcoin: BR could use similar tactics by strategically moving their holdings in the market to create or control price fluctuations. 🔄📈
Impact on Trust:
Paper Gold: Investor trust can be undermined by the uncertainty about the actual amount of physical gold represented by paper gold. 🤔🔍
Bitcoin: A massive sell-off by BR could undermine investor confidence in the stability and future of the Bitcoin network, similar to how mistrust in the backing of paper gold can affect the gold market. 📉🤔
Long-term Effects:
Paper Gold: In the long run, manipulation through paper gold can lead to a distortion of the true value of physical gold. ⏳📉
Bitcoin: Similarly, BR's control over large Bitcoin holdings and their potential sale could have long-term effects on the perception and value of Bitcoin. ⏳📉
Through these mechanisms, BR can exert significant influence over the Bitcoin network, much like the manipulation of the gold price through paper gold.

2024-07-17 08:26:27 UTC

How BlackRock's Dominance Could Become Dangerous for Bitcoin 🚨
BlackRock manages over 316,000 BTC with its Bitcoin ETF. The dominance of this U.S. financial giant is steadily increasing. Is this concentration a threat to Bitcoin? 🤔 Just a few years ago, BlackRock CEO Larry Fink was a declared Bitcoin skeptic.
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However, the man at the helm of the world's largest asset manager has changed his mind. Once regarding Bitcoin merely as a tool for money laundering, he now views the cryptocurrency as "digital gold" and refers to it as a "safe haven" 🛡️.
The company’s own iShares Bitcoin Trust (IBIT) now controls over 318,000 BTC, leaving all other Bitcoin ETF competitors far behind. BlackRock's market share continues to rise and no one seems able to stop the U.S. financial behemoth. What does this concentration of economic power mean for Bitcoin?
This rising control brings several concerns. Firstly, the centralization of Bitcoin holdings contradicts the decentralized ethos originally championed by Bitcoin 🔄.
Such control by a single entity could lead to market manipulation, where the actions of one firm could significantly influence Bitcoin's price 📉.
Furthermore, BlackRock's position could also lead to regulatory scrutiny. Governments worldwide might perceive the concentration of Bitcoin under a corporate umbrella as a potential threat to fiscal policies or even financial stability 🌐.
This could prompt stricter regulations which might stifle the growth and innovation in the cryptocurrency sector 💼.
#bitcoin #hedgefond #crypto #invest #bitnewstoday

2024-07-17 03:02:31 UTC

🧨 Bitnews.Today Airdrop of the Day:
MACARON
https://m.primal.net/JTYx.png
Macaron is a DEX built on Bitlayer, offering the most seamless trading experience and competitive yield-making schemes for users. Macaron goes beyond a DEX, but more a collection of yield-generating tools for users including liquidity farming, staking incentives, trade-to-earn and their special community-driven Point & Airdrop program to make their users win big.
Macaron doesn’t have their token yet but has launched a points campaign and confirmed to do an airdrop to users who collect points. Sign up for the campaign, make trades, provide LP, and do simple social tasks to earn points. Also, get 15% of the points from each referral. The earned points will be converted to tokens after TGE.
Step-by-Step Guide:
Visit the Macaron airdrop page: https://www.macaron.xyz/#/airdrop?code=cdeb5
Connect your wallet and change the network to Bitlayer.
Now click on “Verify” and verify your wallet.
Then, connect your Twitter and follow them.
Now, enter the invite code “cdeb5” to join the campaign.
You will get 600 social points.
Complete other social tasks to earn more social points.
Now, make trades and provide liquidity on Macaron to earn DeFi points.
You can use the Bitlayer bridge to bridge assets from other chains to Bitlayer: https://www.bitlayer.org/bridge
Also, get 15% of the points from each referral.
All the earned points will be converted to Macaron tokens after TGE.
For more information regarding the airdrop, see this Medium article:
https://macarondex.medium.com/farm-points-with-macaron-saddle-up-for-the-ride-%EF%B8%8F-a66e0048abfd
#airdrop #crypto #invest

2024-07-16 13:25:31 UTC

Mt. Gox Shifts $9 Billion in Bitcoin (BTC): Market Sentiment Turns 🔄
The Mt. Gox cold wallet has transferred over 140,000 BTC, stirring market anxiety. According to Arkham Intelligence, Mt. Gox's main wallet still holds 138,985 Bitcoin (BTC) worth around $8.7 billion and has moved the funds for the first time in two weeks.
In two transactions, nearly 96,000 BTC worth over $6 billion were moved to two unknown wallets, while the initial 44,527 BTC were sent to a known Mt. Gox cold wallet. Over $6 Billion in Two Hours 🕑
https://m.primal.net/JSpm.webp
The total volume of BTC transactions by Mt. Gox on July 16th was almost 190,000 BTC, representing over $12 billion moved in just three hours.
https://m.primal.net/JSpp.webp
The unknown address ending in "BHDct9b" received 42,587 BTC worth $2.69 billion, while the remaining 4641.24 BTC worth $293.94 million were transferred to the wallet "Mt. Gox: Cold Wallet (1Jbez)."
The address "BHDct9b" has not yet transferred the 42,587 BTC, but the resulting market fear indicates a shift in sentiment towards BTC.
Subsequently, another 48,641 BTC were sent to a different unknown address, moving an additional $3.07 billion from the main Mt. Gox wallet. Impact of Repayment 💸
Mt. Gox announced on July 5th that the bankrupt exchange would begin repaying its BTC and BCH debts to creditors. It stated that the repayments to creditors would occur through certain cryptocurrency exchanges.
The announcement named Mt. Gox Co. Ltd. as the debtor and attorney Nobuaki Kobayashi as the rehabilitation trustee.
The repayment statement mentioned that the remaining rehabilitation creditors would receive the funds "immediately" once the necessary conditions are met.
Given that the main Mt. Gox wallet showed outflows exceeding $9 billion in BTC on July 16th, this rapid repayment might occur before August.

2024-07-16 06:21:05 UTC

🚨Lazarus Group Launders $35M from DMM Bitcoin Hack via Cambodian Exchange
Hackers linked to the North Korean Lazarus Group have reportedly moved over $35M from the $305M hack on DMM Bitcoin in May. 🎭
https://m.primal.net/JSYc.webp
According to on-chain investigator ZachXBT, the stolen funds were laundered through Huione Guarantee, a platform operating in Cambodia. 🕵️‍♂️🇰🇭
💱 Stolen Bitcoin was mixed, converted to Ethereum and Avalanche via THORChain, and then to Tether (USDT), eventually ending up in Tron. A transfer of $28.2M was blocked when Tether blacklisted the wallet address on July 12. 📛🔗
DMM Bitcoin, a Japan-based exchange, suffered this major hack due to a critical security flaw, leading to unauthorized Bitcoin withdrawals. Despite this, the exchange raised $321M to compensate users. 🇯🇵💸
Elliptic researchers found that Huione Guarantee has processed over $11B in transactions from various scams and exploits, linking it to the Cambodian government. 🌐👥
In 2024, over $1.4B in crypto has been stolen, with centralized exchanges frequently targeted. 🏦💻
#bitcoin #hack #crypto #exchange

2024-07-16 03:08:55 UTC

Have a good Day all Nostr Fans☀️
https://m.primal.net/JSRO.png

2024-07-15 03:13:26 UTC

🧨 Bitnews Today BTC Analysis:
Bitcoin (BTC) Shows Strong Recovery and Bullish Momentum - July 15 to July 29, 2024
https://m.primal.net/JRJB.webp
Investor Summary:
Sentiment Analysis Summary:
The sentiment for Bitcoin (BTC) appears to be strongly positive. After experiencing a significant drop in early July, the price has shown a robust recovery in recent days. The consistent upward trend from July 7th to July 15th suggests renewed investor confidence and bullish market sentiment.
Volatility Summary:
Bitcoin has demonstrated moderate to high volatility over the analyzed period. The price has fluctuated between $53,717 and $67,188, representing a range of about 25.1%. This indicates that BTC remains a volatile asset, presenting both opportunities and risks for investors.
Long-term Investment:
For long-term investors, Bitcoin continues to be a strong option with significant growth potential.
Entry price for long-term investment: $62,434 (current price as of July 15, 2024)
Target exit price (6-12 months): $80,000 - $90,000 (potential upside of 28.1% - 44.2%)
Short-term Investment:
For short-term traders, Bitcoin offers opportunities due to its recent upward momentum and volatility.
Entry price for short-term trade: $61,500 - $62,500 (wait for a small dip)
Target exit price (7-14 days): $65,000 - $67,000 (potential upside of 4.0% - 8.9%)
Stop-loss: $59,000 (to limit potential losses)
Risk Management:
Despite Bitcoin's status as a leading cryptocurrency, it's crucial to implement risk management strategies:
Use stop-loss orders to limit potential losses
Don't invest more than 5-10% of your portfolio in cryptocurrencies
Consider dollar-cost averaging for long-term investments to mitigate the impact of volatility
Technical Analysis:
The 7-day linear regression analysis suggests a strong bullish trend in the short term. The ARIMA model predicts a potential continuation of the upward movement in the coming days, with some expected fluctuations.
Support levels: $60,000, $58,000
Resistance levels: $65,000, $67,000
Market Sentiment:
The overall crypto market sentiment appears positive, with Bitcoin leading the recovery. Investors should stay informed about broader market trends, regulatory news, and macroeconomic factors that could affect Bitcoin's price.
Conclusion:
Bitcoin presents a compelling investment opportunity with strong bullish momentum in the short to medium term. While risks remain due to its inherent volatility, the current trend and market sentiment suggest potential for further gains.
Projected daily prices for the next 7 days (based on ARIMA model):
July 16, 2024: $63,200 (+1.23%)
July 17, 2024: $63,900 (+1.11%)
July 18, 2024: $64,500 (+0.94%)
July 19, 2024: $65,000 (+0.78%)
July 20, 2024: $65,400 (+0.62%)
July 21, 2024: $65,700 (+0.46%)
July 22, 2024: $65,900 (+0.30%)
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https://m.primal.net/JRJG.png
Best entry point: Consider entering around $61,500 - $62,500 (July 15-16, 2024) for a short-term trade or long-term investment, as this appears to be a potential local support level based on the analysis.
#bitcoin #invest #bitnewstoday #analysis #crypto #money

2024-07-13 04:47:18 UTC

Bitnews Today Weekend Special 🎉
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2024-07-13 03:38:01 UTC

🧨 BitnewsToday Investment Tip:🫰
XRP: Bullish Recovery with Potential for Short-Term Gains - July 13 to July 27, 2024
https://m.primal.net/JOpC.webp
Investor Summary☀️
Sentiment Analysis Summary:
The sentiment for XRP appears to be cautiously optimistic. After experiencing a significant drop in early July, the price has shown strong signs of recovery in recent days. The sharp increase from July 11th to July 13th suggests renewed investor confidence, but caution is still warranted due to recent volatility.
Volatility Summary:
XRP has demonstrated moderate to high volatility over the analyzed period. The price has fluctuated between $0.3911 and $0.5191, representing a range of about 32.7%. This indicates that XRP is a relatively volatile asset, presenting both opportunities and risks for investors.
Long-term Investment:
For long-term investors, XRP presents a moderate-risk, high-potential opportunity. The cryptocurrency has shown resilience and ability to recover from price drops.
Entry price for long-term investment: $0.4882 (current price as of July 13, 2024)
Target exit price (3-6 months): $0.6500 (potential upside of 33.1%)
Short-term Investment:
For short-term traders, XRP offers opportunities due to its recent volatility and upward momentum. The current trend appears to be bullish in the short term, with potential for further gains in the coming days.
Entry price for short-term trade: $0.4800 - $0.4900 (wait for a small dip) Target exit price (7-14 days): $0.5200 - $0.5400 (potential upside of 6.1% - 12.5%) Stop-loss: $0.4600 (to limit potential losses)
Risk Management:
Due to XRP's volatility, implementing strict risk management strategies is crucial:
Use stop-loss orders to limit potential losses
Don't invest more than 2-3% of your portfolio in this asset
Consider dollar-cost averaging for long-term investments to mitigate the impact of volatility
Technical Analysis:
The 7-day linear regression analysis suggests a strong bullish trend in the short term. The ARIMA model predicts a potential continuation of the upward movement in the coming days, but with some fluctuations.
Support levels: $0.4700, $0.4500
Resistance levels: $0.5000, $0.5200
Market Sentiment:
The overall crypto market sentiment may significantly impact XRP's performance. Investors should stay informed about broader market trends and news that could affect the cryptocurrency space, particularly any developments related to Ripple and its ongoing legal matters.
Conclusion:
XRP presents a moderate-risk investment opportunity with the potential for significant returns in the short term. The current trend appears bullish, but investors should exercise caution due to the asset's recent volatility and the broader market conditions.
Projected daily prices for the next 7 days (based on ARIMA model):
July 14, 2024: $0.4950 (+1.38%)
July 15, 2024: $0.5020 (+1.41%)
July 16, 2024: $0.5080 (+1.20%)
July 17, 2024: $0.5130 (+0.98%)
July 18, 2024: $0.5170 (+0.78%)
July 19, 2024: $0.5200 (+0.58%)
July 20, 2024: $0.5220 (+0.38%)
Best entry point: Consider entering around $0.4800 - $0.4900 (July 13-14, 2024) for a short-term trade or long-term investment, as this appears to be a potential local support level based on the analysis.
#xrp #bitnewstoday #crypto #invest #money #zap #trading #bitcoin

2024-07-13 03:25:34 UTC

Bitnews Today wishes all followers and non-followers a wonderful and delightful day! May all your wishes come true. Cheers! 🚀✨
https://m.primal.net/JOoh.webp

2024-07-12 09:08:00 UTC

🧨 Bitnews.Today Airdrop of the Day:
EarthMeta
EarthMeta is at the forefront of the Metaverse X AI revolution, transforming the way we interact in the digital world. By integrating advanced AI features, EarthMeta enhances its Metaverse experience, creating a seamless and dynamic environment. The $EMT token plays a crucial role as the backbone of this innovative platform.
https://m.primal.net/JNrd.webp
EarthMeta is poised to benefit from the rapidly growing Metaverse market, which is expected to see significant growth in the coming years. With $EMT at its core, EarthMeta aims to provide users with a vibrant and comprehensive Metaverse ecosystem. Don’t miss your chance to be part of this transformative journey. Secure your $EMT token today and lead the push into the future. 🚀🌐✨
-------------------------------------------------
ICO Prerequisites
Start Date:
June 1, 2024
End Date:
July 30, 2024
Token:
EMT Network
Price per Token:
$0.015
Purchase with:
ETH, USDT, MATIC, BNB, CARD
Restrictions:
KYC not required
Restricted Countries:
North Korea, Sudan, Syria, Iran, Yemen, Myanmar

2024-07-12 09:00:42 UTC

BlackRock and Co. Await Approval of Ethereum ETFs
The entire crypto sector is currently waiting for the final approval of Ethereum Spot ETFs. For BlackRock, Fidelity, and Co., it's only a matter of time. The ETF issuers BlackRock, Fidelity, and Co. are awaiting the approval of their ETH exchange products by the US Securities and Exchange Commission (SEC).
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As an unnamed issuer explained to The Block, they are waiting for a response from the authority. The next announcement from the SEC will be "extremely enlightening." After the authority, under the leadership of Gary Gensler, approved the 19b-4 applications for the submitted Ethereum ETFs, the S-1 applications must now be approved. However, the SEC does not have to adhere to a deadline.
"The SEC is continuing its review, and we seem to be getting closer to final approval," it continues. "We expect a final filing, but the timing is unclear."
According to Bloomberg analyst Eric Balchunas, the SEC could issue an approval as early as July 18. With a seven percent price increase in the past week, ETH is responding to the expected approval. At the time of writing, the second-largest cryptocurrency by market capitalization is trading at $3,081.
#invest #crypto #bitcoin #bitnewstoday

2024-07-11 02:35:25 UTC

🧓👵 How to explain #Bitcoin to your Grandparents:
"Hey Grandma and Grandpa, imagine your dollars 💵 and euros 💶 went on a digital vacation and decided to live on the internet! 🌐
https://m.primal.net/JMih.jpg
Bitcoin is just like your regular money, but it’s decentralized and lives online. No banks, no middlemen, just magic internet money! 🧙‍♂️✨
Transfers in minutes ⏱️, costs less than a penny 🪙, and no take-backs! 🚫💸
Welcome to the future, where even your piggy bank is digital! 🐷➡️🖥️
#Crypto #Bitcoin #bitnewstoday #TechSavvySeniors 🚀

2024-07-09 03:15:08 UTC

🌞 Good Morning, BitNews Today Readers! 📰
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Wake up and smell the crypto! ☕🚀 Here's your daily dose of fun facts and chuckles to kick off the day with a smile:
Did you know that Bitcoin once bought two pizzas? 🍕 Talk about expensive taste!
Ethereum is still trying to prove it's more than just a fancy calculator. 😂🧮
Rumor has it that Satoshi might just be a group of four cats working on a laptop. 😹🐾
Remember, whether the market goes up or down, keep your spirits high and your investments diversified! 📈📉
Wishing you a fantastic day full of profitable trades and zero tech issues! 🌟💻
#GoodMorningCrypto #bitcoin #crypto #invest #bitnewstoday

2024-07-07 08:00:02 UTC

- reply

thx ;-)

2024-07-07 07:44:47 UTC

🫰 Bitnews Today Crypto Investment Analysis:
EGLD (MultiversX) Cryptocurrency: Bullish Short-Term Trend with Potential Volatility - July 7 to July 21, 2024.
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Investor Summary:
Sentiment Analysis Summary:
The sentiment for EGLD (MultiversX) appears to be cautiously optimistic. After experiencing a significant drop in mid-June, the price has shown signs of recovery in recent days. The sharp increase from July 4th to July 6th suggests renewed investor interest, but caution is warranted due to the asset's volatility.
Volatility Summary:
EGLD has demonstrated high volatility over the analyzed period. The price has fluctuated between $27.33 and $36.14, representing a range of about 32%. This indicates that EGLD is a moderately volatile asset, presenting both opportunities and risks for investors.
Long-term Investment:
For long-term investors, EGLD presents a moderate-risk, high-potential opportunity. The cryptocurrency has shown resilience and ability to recover from price drops.
Entry price for long-term investment: $33.60 (current price as of July 7, 2024)
Target exit price (3-6 months): $45.00 (potential upside of 33.9%)
Short-term Investment:
For short-term traders, EGLD offers opportunities due to its volatility. The current trend appears to be bullish in the short term, with potential for further gains in the coming days.
Entry price for short-term trade: $33.00 - $34.00 (wait for a small dip)
Target exit price (7-14 days): $38.00 - $40.00 (potential upside of 11.8% - 21.2%)
Stop-loss: $31.00 (to limit potential losses)
Risk Management:
Due to EGLD's volatility, implementing strict risk management strategies is crucial:
Use stop-loss orders to limit potential losses
Don't invest more than 2-3% of your portfolio in this asset
Consider dollar-cost averaging for long-term investments to mitigate the impact of volatility
Technical Analysis:
The 7-day linear regression analysis suggests a bullish trend in the short term. The ARIMA model predicts a potential continuation of the upward movement in the coming days, but with some fluctuations.
Support levels: $32.00, $30.00
Resistance levels: $36.00, $38.00
Market Sentiment:
The overall crypto market sentiment may significantly impact EGLD's performance. Investors should stay informed about broader market trends and news that could affect the cryptocurrency space.
Conclusion:
EGLD presents a moderate-risk investment opportunity with the potential for significant returns. The short-term trend appears bullish, but investors should exercise caution due to the asset's volatility.
Projected daily prices for the next 7 days (based on ARIMA model):
July 8, 2024: $34.20 (+1.76%)
July 9, 2024: $34.80 (+1.75%)
July 10, 2024: $35.30 (+1.44%)
July 11, 2024: $35.70 (+1.13%)
July 12, 2024: $36.00 (+0.84%)
July 13, 2024: $36.20 (+0.56%)
July 14, 2024: $36.30 (+0.28%)
Best entry point: Consider entering around $33.00 - $34.00 (July 7-8, 2024) for a short-term trade or long-term investment, as this appears to be a potential local bottom based on the analysis.
#bitcoin #crypto #invest #bitnewstoday #analysis #money #trading

2024-07-06 03:55:24 UTC

PEPE NOW HAS HIS OWN BLOCKCHAIN!
Congrats! You're early to the party! Buy and Stake now during Presale to max out your rewards before the price skyrockets!
https://m.primal.net/JJHn.png
🫰 https://pepeunchained.com/en
#crypto #bitnewstoday #invest #blockchain #btc

2024-07-05 10:21:33 UTC

- reply

who knows :-)

2024-07-05 10:17:55 UTC

Mt. Gox, BKA and Co.
Crypto Market Continues to Crash.....
https://m.primal.net/JIeq.webp
The sell-off in the crypto market continues. Bitcoin and Co. are trading deep in the red.
The sell-off in Bitcoin and Co. continues. Large parts of the market start today's trading day with a significant loss. The total market capitalization fell by 8.3 percent over the day.
Bitcoin lost almost 8 percent in value over the past 24 hours. On a weekly and monthly basis, the price decline is even more severe at 12 and 23.5 percent, respectively.
At the time of writing, BTC is trading at just under $54,330 - as low as it was last in February of this year.
The sell-off is most noticeable in the altcoin sector. The Ethereum price has to accept a minus of almost 11 percent.
The remaining ten most valuable cryptocurrencies all recorded a decline between 7 (Solana) and 15 percent (Cardano).
Among the top 100, TRON, MultiversX, and FET remain relatively stable - with price declines of 3.8 to 6 percent.
Even memecoins are not spared from the strong sell-off. The market capitalization of the sector fell by 23.3 percent. Especially the BASE memecoin Brett had to take a big hit. The market sentiment has significantly darkened. The Fear and Greed Index is currently at 29 points, indicating "Fear" 😨.
Due to the sharp price decline, over $580 million in long positions were liquidated, according to Coinglass. According to WhaleWire, this is the second-largest liquidation of capital in the crypto market ever - only the FTX sell-off was more severe.
The reason for the sell-off can be attributed to several factors.
Firstly, there are the payouts from Mt. Gox to affected parties. According to the blockchain service Arkham Intelligence, the insolvent Japanese crypto exchange recently transferred 47,229 Bitcoin ($2.7 billion) from a cold wallet.
The insolvency administrator had previously announced that the first payouts would start in July. Mt. Gox owes its creditors Bitcoin worth over $8 billion in total.
#bitcoin #crash #mtgox #bitnewstoday #crypto #trading #invest

2024-07-05 03:07:50 UTC

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https://primal.net/e/note1zmawsk4gy0ksepqxuky92jku4lmlqny0yp49tnxahmvwgrf9y2es87a8uz

2024-07-05 03:06:32 UTC

Is Tether's USDT disappearing from Europe?
https://m.primal.net/JIUC.webp
There's turmoil in the crypto space. Tether, the issuer of the world's largest stablecoin, USDT, is under pressure in Europe. The reason: the recently enacted MiCA regulation by the European Union. The rules that Brussels prescribes for the stablecoin sector impose extensive transparency obligations on providers, especially regarding the disclosure of reserves. Obligations that apparently diminish Tether's licensing efforts. In the end, USDT could even disappear entirely from the EU, experts believe,
#crypto #bitnewstoday #invest #trading

2024-07-05 02:39:52 UTC

"BitNews Today wishes all readers a beautiful good morning."
https://m.primal.net/JITU.webp

2024-07-04 12:48:34 UTC

🎆🇺🇸 Happy 4th of July from BitNews Today! 🚀🎉
As we celebrate Independence Day with fireworks lighting up the night sky, let's also shine a light on the future of finance. 🌟 Today, amidst the classic scenes of picnics and parades, we're seeing an increasing number of Americans embracing digital currencies like Bitcoin. 💻💸
https://m.primal.net/JHsE.webp
Join us in marking this day of freedom by exploring how financial independence is evolving. Whether you're trading at a barbecue or just checking your investments while watching the fireworks, remember that innovation is our nation's backbone. 🍔📈
Happy Fourth! Keep your spirits high and your wallets secure. 🔒❤️
#4thOfJuly #Bitcoin #FinancialFreedom

2024-07-04 12:45:14 UTC

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we do our best thx....

2024-07-04 12:36:23 UTC

Bitnews Today Crypto Investment Analysis:
OM Cryptocurrency: Bullish Short-Term Trend with High Volatility - July 4 to July 18, 2024:
https://m.primal.net/JHrY.png
Investor Summary:
Sentiment Analysis Summary:
The sentiment for OM appears to be cautiously optimistic. After experiencing a significant drop in mid-June, the price has shown signs of recovery in recent days. The sharp increase on July 3rd suggests renewed investor interest, but caution is warranted due to
the asset's volatility.
Volatility Summary:
OM has demonstrated high volatility over the analyzed period. The price has fluctuated between $0.6317 and $1.0932, representing a range of about 73%. This indicates that OM is a highly volatile asset, presenting both significant opportunities and risks for investors.
Long-term Investment:
For long-term investors, OM presents a high-risk, high-reward opportunity. The cryptocurrency has shown substantial price swings, which could lead to significant gains or losses. The current price level may offer a potential entry point for those willing to hold for an extended period.
Entry price for long-term investment: $0.7930 (current price as of July 4, 2024)
Target exit price (3-6 months): $1.1000 (potential upside of 38.7%)
Short-term Investment:
For short-term traders, OM offers opportunities due to its high volatility. The current trend appears to be bullish in the short term, with potential for further gains in the coming days.
Entry price for short-term trade: $0.7900 - $0.8000 (wait for a small dip)Target exit price (7-14 days): $0.9500 (potential upside of 18.75% - 20.25%)Stop-loss: $0.7500 (to limit potential losses)
Risk Management:
Due to OM's high volatility, implementing strict risk management strategies is crucial:
Use stop-loss orders to limit potential losses
Don't invest more than 1-2% of your portfolio in this high-risk asset
Consider dollar-cost averaging for long-term investments to mitigate the impact of volatility
Technical Analysis:
The 7-day linear regression analysis suggests a bullish trend in the short term. The ARIMA model predicts a potential continuation of the upward movement in the coming days, but with a high degree of uncertainty.
Support levels: $0.7500, $0.7000
Resistance levels: $0.9000, $1.0000
Market Sentiment:
The overall crypto market sentiment may significantly impact OM's performance. Investors should stay informed about broader market trends and news that could affect the cryptocurrency space.
Conclusion:
OM presents a high-risk investment opportunity with the potential for significant returns. The short-term trend appears bullish, but investors should exercise caution due to the asset's high volatility. Only invest what you can afford to lose.
Projected daily prices for the next 7 days (based on ARIMA model):
July 5, 2024: $0.8200 (+3.40%)
July 6, 2024: $0.8450 (+3.05%)
July 7, 2024: $0.8650 (+2.37%)
July 8, 2024: $0.8800 (+1.73%)
July 9, 2024: $0.8900 (+1.14%)
July 10, 2024: $0.8950 (+0.56%)
July 11, 2024: $0.8975 (+0.28%)
Best entry point: Consider entering around $0.7900 - $0.8000 (July 4-5, 2024) for a short-term trade or long-term investment, as this appears to be a potential local bottom based on the analysis.
#invest #bitcoin #bitnewstoday #mantra #altcoins #trading

2024-07-04 03:16:04 UTC

🌟 Bitnews Tip of the Day:
Meme Kombat
Iconic meme coins have been exploding one after another in 2023, sparking hot discussions on social media. This hasn't gone unnoticed by the developers of Meme Kombat, as they have created the ultimate battle arena for polarizing meme characters. Crypto fans no longer have to choose between Spongebob, Pepe, or Milady – they're all represented in Meme Kombat!
https://m.primal.net/JHTv.webp
In exciting live, side-action, or PvP bets, crypto enthusiasts place wagers on duels between their favorite cult figures. Whoever emerges victorious from the battle will be surprised with unique rewards.
Those who just want to watch the colorful action from the sidelines don't have to miss out on rewards: Token holders can stake Meme Kombat and earn passive income – early bird investors can expect a staking APY of 112%!
The centerpiece of the meme ecosystem is the Meme Kombat Token, which is used in the network as follows:
Buy and use Meme Kombat Tokens: Crypto fans can buy Meme Kombat and use the brand new token as a means of payment for placing new bets.
Receive Meme Kombat Tokens as rewards: Investors can receive the $MK Token as a reward in numerous ways. While winners from betting duels are rewarded with Battle Rewards, staking participants can generate passive income. 30% of the token supply is reserved for these distributions. In the future, there will also be various community rewards – 10% of all Meme Kombat Tokens are locked for this purpose.
#bitnewstoday #bitcoin #meme #crypto #invest #game

2024-07-03 13:31:57 UTC

🚀📉 The Bitcoin roller coaster is going downhill fast! But remember, fellow HODLers, we've been through this before! 💪💎
https://m.primal.net/JGkt.webp
Keep calm and HODL on! 😎✊ Our time will come again! ✨
#Bitcoin #HODL #Crypto #BitcoinCrash #StayStrong #bitnewstoday 🌙

2024-07-02 03:53:15 UTC

Analysts from Goldman Sachs and MIT: AI Needs a "Killer App" or the Bubble Will Burst 📉💥
https://m.primal.net/JFKq.webp
The analysts were divided on whether today's investments in AI will pay off in the next decade. Analysts from Goldman Sachs and MIT recently delved deeply into the market for generative artificial intelligence (AI) to determine its short- and long-term profitability for investors.
The core question was whether the current AI market represents an expanding bubble that will burst, or if it signifies the next stage for technology and industry.
Unfortunately, the answer is not straightforward, according to the report. The market differences that occur when a bubble is about to burst, like during the dot-com bubble implosion, and when a strong application makes a technology popular, like the invention of cryptocurrency by Satoshi Nakamoto and others, can be too subtle to recognize in time.
Is AI a Bubble? 💭
The report includes interviews with four economists from Goldman Sachs and an economics professor from MIT. Their forecasts are divided. Three Goldman Sachs economists predict that the AI killer app will arrive soon enough. However, the remaining Goldman Sachs economist and the MIT professor are more skeptical, especially in the short term.
MIT Professor Daron Acemoglu said:
"Given the focus and architecture of today’s generative AI technology, truly transformative changes will not occur quickly. And few, if any, are likely to happen within the next 10 years."
Will the AI Killer App Arrive? 🔍
The counterargument is that current investments and corporate spending are not as radical compared to previous technology market cycles.
It's unclear what exactly this killer app for AI will be. However, current advancements have convinced some analysts that the present growth can continue.
This is significant because analysts in the report predict that "tech giants and beyond will spend more than $1 trillion on AI investments in the coming years."
With such high investments, much of it in infrastructure, the products and services derived from these investments need to be strong enough to support and sustain current and future funding.
According to Kash Rangan, an analyst at Goldman Sachs, the outlook is positive despite the scale of current investments:
"Spending is certainly high in absolute dollar terms today. But this investment cycle appears more promising than previous ones."
Goldman Sachs U.S. Internet Equity Research Analyst Eric Sheridan expressed a similar view in the interview: "It is impossible to follow demonstrations of generative AI capabilities at company events or developer conferences without being excited about their long-term potential."
Tapping into this potential, however, might depend on whether generative AI will have its iPhone moment of mass adoption in the near future. 📱🚀
#ai #bitcoin #bitnewstoday #crypto #invest #money

2024-07-01 14:07:32 UTC

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Nice weather over there. Here in Germany, just a rainy summer.

2024-07-01 10:25:10 UTC

🌟 Bitnews Airdrop of the Day:
Mega Dice
As the leading GameFi portal on Solana, Mega Dice has already attracted over 50,000 users with its vast array of gambling options, sports betting, and crypto futures. From slot machines and live casinos to games and sports betting on 60 sports, as well as dozens of crypto futures with 1:1000 leverage, it has everything a player could desire.
https://m.primal.net/JERN.webp
Using Mega Dice is simple: users create a Solana wallet, purchase DICE tokens, link the wallet to the Mega Dice platform, and then can enjoy a wide variety of gambling and sports betting options. The DICE token is used as the payment method for stakes, with automatic payout of winnings also made in DICE. Users benefit from these advantages at Mega Dice:
🎰 Gigantic Selection: Users have access to over 4,500 games on the Mega Dice platform, including slot machines, live casinos, and other casino games, continuously expanded and updated. Renowned providers like Pragmatic Play, Evolution, and QuickSpin supply these games.
🏆 Betting on 60+ Sports: Betting enthusiasts will find plenty to enjoy at Mega Dice – there are all popular types of sports bets available, with betting on games and tournaments in over 60 sports, including many niche sports and virtual sports leagues.
📈 High Growth: The future looks very bullish, as the global market for sports betting and online gambling is expected to grow annually by 10-15% through 2030. However, the GameFi and GambleFi market, which Mega Dice already dominates in the Solana ecosystem, is growing even more rapidly.
🚀 Strong Market Presence: Although Mega Dice is just launching its presale, it has long been a major player in the growing GameFi market with over 50,000 users and a betting volume of over 50 million USD per month. With over 100,000 users reached on social media, the presale might soon be sold out.
💰 Discounts and Cashback: DICE token holders can stake their tokens for a lucrative 10% APY and receive discounts and cashback on their stakes for their loyal use of the platform. This promotes loyalty and strengthens both users and the community.
The DICE token is the native medium of exchange within the entire ecosystem, offering high utility with various uses that ensure a stable high demand:
🎲 Users buy and stake DICE tokens to place bets in the casino and on games, and also to unlock exclusive tournaments and new games.
🔄 Users earn DICE tokens if they are successful in the casino or betting games, receive cashback for active playing, or get staking rewards.
💸 Interested investors should join the DICE Coin Presale now to not miss out on favorable presale prices and over 100% staking interest! Over 1 million USD in capital has already been raised – it could soon be sold out! Buying DICE is possible with ETH, BNB, USDT, and SOL.

2024-07-01 10:19:46 UTC

"Our spectral AI trading bot always places its orders profitably. Good job, bot! 💸👍
https://m.primal.net/JEQw.png
Development continues...
#bitcoin #trading #bitnewstoday #money #invest #crypto #ai

2024-06-30 07:55:04 UTC

Bitcoin price will "no longer rise dramatically" – Peter Thiel sees no future for BTC
Peter Thiel criticizes that Bitcoin hasn't developed towards Cypherpunk as originally thought.
Former PayPal CEO Peter Thiel has expressed doubts that the Bitcoin (BTC) price will rise significantly from its current level in the future.
The billionaire – who still owns "some" Bitcoin, but not as much as he "should have" – isn't sure where new buyers will come from now that Bitcoin already has an "ETF edition".
https://twitter.com/Swan/status/1806797074093981855?ref_src=twsrc%5Etfw
"I'm not sure if it will go dramatically up from here. We have the ETF edition, and I don't know who else will buy in the future," Thiel, a founder of Founders Fund, told CNBC on June 28.
"It can probably still rise a bit, but it will be a volatile, bumpy ride."
Thiel previously said he was "underinvested" in Bitcoin in October 2021, when the leading cryptocurrency was moving towards its all-time high of $69,000, reached about three weeks later.
However, Thiel's Founders Fund has a pretty impressive history with Bitcoin, making its first Bitcoin investment in 2014 and realizing a $1.8 billion profit shortly before the market collapsed in 2022.
The Founders Fund then bought another $100 million in Bitcoin in 2023 when it was trading below $30,000.
Bitcoin no longer Cypherpunk?
Thiel revealed that Bitcoin hasn't developed as much towards Cypherpunk as he originally envisioned.
"Where I'm less convinced is the question of Bitcoin's ideological founding vision as a cypherpunk, crypto-anarchism, libertarianism, anti-government thing." 🏴‍☠️🗽
"That's what I thought was so great about it," Thiel recalled about Bitcoin's early days. 🌟🕰️
But now he thinks that Bitcoin "doesn't really work like that".
#bitcoin #btc #crypto #invest #bitnewstoday #exchange

2024-06-29 10:54:44 UTC

🌟Bitnews Airdrop of the Day:
Base Dawgz
A highly anticipated ICO for 2024 is the coin launch of Base Dawgz – a new Base memecoin featuring an exciting multi-chain narrative, high airdrop rewards, and an adorable Doge mascot in a jumpsuit. With perfect timing in the Base memecoin hype and popular multi-chain appeal, the hottest memecoin of the year is set to be forged.
https://m.primal.net/JBzo.webp
The story behind Base Dawgz is simple: The Doge dog elegantly glides between Layer-1 chains through base jumping – after launch, Base Dawgz will be hosted on Ethereum, Solana, Avalanche, MATIC, and BNB Smart Chain to unite all memecoin communities in the crypto world and lead to pump success together.
Several advantages could lead $DAWGZ to a vertical start:
🚀 High Staking-APY: The token economics reveal that a total of 20% of all tokens are available for staking purposes to ensure short-term presales hype and long-term price stability. There is over 100% staking-APY in presale, with nearly 10% available permanently.
📈 Rapid Growth: Less than 24 hours after launch, over $200,000 in capital was raised, and within 3 days, the social media community had grown to over 20,000 followers. Social media posts now reach over 100,000 users, and the share-to-earn potential has yet to be fully unleashed.
🎯 Ultimate Narrative: Base Dawgz is a brilliant combination of three of the most exciting crypto narratives for 2024 – a Doge-inspired memecoin with a unique mascot, a trendy Base memecoin, and a multi-chain feature that brings a unifying message to the crypto space.
💰 Share-to-Earn: To drive viral growth, the token economics allocate 15% for community rewards, which are paid to users who actively share and comment on Base Dawgz posts on social media. Lucrative airdrops can be earned through the "share-to-earn" principle!
🌍 Gigantic Target Audience: Many memecoins have already achieved legendary 100x returns in 2024, with the memecoin communities on Base, Solana, and Avalanche particularly proud – but often competing for attention. As a multi-chain memecoin, Base Dawgz can reach, unite, and boost demand across all these communities.
🔒 Guaranteed Security: The project team wanted to actively foster trust and confidence in the community, so they commissioned a smart contract audit by blockchain specialist SolidProof – the audit report is without issues, so the smart contracts should be secure.
⚠️ Attention: The exciting ICO of Base Dawgz is now live! Over $300,000 in capital has been raised, and early presales prices, which increase by 5% every 5 days, are still available for a short time! Over 40% returns can be achieved in presale, plus over 100% staking-APY – Base Dawgz can be purchased with ETH, USDT, SOL, or credit card.
#Crypto #Memecoin #BaseDawgz #Airdrop #Staking #ICO2024

2024-06-29 02:58:32 UTC

Bitcoin (BTC) Activity at Lowest Level Since 2010 📉🚨
According to on-chain data from IntoTheBlock, the share of active Bitcoin addresses has fallen to its lowest level since November 2010. 🕰️
In June, the percentage of weekly active wallets dropped to a low of 1.22% and reached a high of only 1.32%. 📊 The highest value this month was last achieved in November 2010.
Moreover, the total number of active wallets has hit a multi-year low. 📉 In the week of May 27, 614,770 active wallets were recorded, the lowest figure since December 2018.
A declining share of active addresses indicates a lack of buying and selling activity among Bitcoin investors, suggesting a period of market consolidation. 💼🔒
BTC$61,705 💰
https://m.primal.net/JBgv.webp
Juan Pellicer, a senior analyst at IntoTheBlock, attributes the decreasing wallet activity to weaker retail investor participation compared to previous cycles. 👥📊
"This year's run to a new all-time high was driven by institutional capital, not retail investors," Pellicer told Cointelegraph. 🏢💼
"The general economic situation may have played a role in retail investors not making as many crypto investments as in the past." 📉
The decline in activity rate comes as investors prepare for a period of increased whale activity, including the Mt. Gox trustee planning to start distributing payments to creditors in July. 🐳💰
Some larger Bitcoin holders, including governments, have also been associated with recent selling activities. 🏛️💼
"Due to this concentration, a large part of the bearish trading activity takes place off-chain, which doesn't significantly impact on-chain address activity statistics," Pellicer adds. 📊🔗
#bitcoin #crypto #bitnewstoday #invest

2024-06-28 02:42:23 UTC

Toncoin: Will the price reach a new all-time high soon? 🚀🌕
The price of Toncoin (TON) continues to climb significantly northward. All relevant chart markers are in the latest price analysis. 📊💹
https://m.primal.net/JAYX.webp
The price of the cryptocurrency Toncoin (TON) continues to defy the recent correction trend in the crypto market, rising double digits in value in recent trading days after successfully retesting the old resistance area last week. Once again, the price was able to form a higher low and use the 50-day moving average EMA50 (orange) around $6.80 as a springboard. At $7.70, Toncoin is currently only seven percentage points below its all-time high and shows clear outperformance among altcoins. It could soon target its previous peak of $8.28 from June 15th, following a recovery movement in the crypto market. 📈💪

2024-06-27 07:22:01 UTC

"The best time to plant a tree was 20 years ago. The second best time is now. 🌳💫" - Chinese Proverb
https://m.primal.net/Izab.jpg

2024-06-27 04:05:35 UTC

AVAX Price Forecast: Bearish Trend Expected to Continue Through Early July 2024
https://m.primal.net/IzSV.webp
Sentiment Analysis Summary:
The current market sentiment for AVAX appears bearish. The price has been on a downward trend for the past month, with some brief recovery periods. This suggests that investor confidence may be low in the short term.
Volatility Summary:
AVAX has shown moderate volatility over the past month, with a 30-day volatility of about 12.5%. This level of volatility indicates that the asset carries significant risk but also potential for short-term trading opportunities.
Long-term Investment:
For long-term investors, the current downward trend may present an opportunity to accumulate AVAX at lower prices. However, it's crucial to consider the overall market conditions and AVAX's fundamentals before making a long-term investment decision.
Short-term Investment:
Short-term traders may find opportunities in the current volatile market. However, the overall bearish trend suggests caution is necessary. Potential entry points could be at support levels, with strict stop-loss orders to manage risk.
Risk Management:
Given the current volatility and bearish trend, risk management is crucial. Consider using stop-loss orders and avoiding overleveraging. A suggested stop-loss level could be 5-10% below the entry price, depending on individual risk tolerance.
Technical Analysis:
The price has broken below several support levels in the past month. The next significant support level appears to be around $24-$25. Resistance levels to watch are around $28 and $30.
Market Sentiment:
The overall market sentiment appears bearish in the short term. However, sentiment can change quickly in the cryptocurrency market, so it's essential to stay updated on news and broader market trends.
Price Forecast (7-day outlook):
Please note that these forecasts are based on historical data and should not be considered as guaranteed future performance:
June 28, 2024: $25.40
June 29, 2024: $25.20
June 30, 2024: $25.00
July 1, 2024: $24.80
July 2, 2024: $24.60
July 3, 2024: $24.40
July 4, 2024: $24.20
Entry and Exit Points:
Potential entry point: $24.50 - $25.00
Short-term exit (take profit) point: $26.50 - $27.00 (6-10% gain)
Stop-loss suggestion: $23.50 - $24.00 (2-4% loss from entry)
Trend Determination:
The analysis suggests a continued bearish trend for the next 7 days, with a projected price decrease of approximately 5-6% over this period.
Tips for Investors:
Consider dollar-cost averaging instead of making a large single investment.Keep an eye on overall market trends and news that might affect AVAX's price.Be prepared for potential further downside in the short term.Set clear profit targets and stop-loss levels before entering any position.Consider waiting for signs of trend reversal before making significant long positions.
Conclusion:
AVAX is currently in a bearish trend, and this is expected to continue in the short term. While this may present buying opportunities for long-term investors, short-term traders should exercise caution. As always, invest only what you can afford to lose and conduct your own research before making any investment decisions.
#bitcoin #crypto #invest #money #analysis #avax #bitnewstoday

2024-06-27 02:46:26 UTC

🌟Bitnews Airdrop of the Day:
Wiener AI
As a colorful mix of a well-known dog meme, real sausage DNA, and the hottest AI of all time, Wiener AI is making a splash in the crypto space, impressing not only curious meme enthusiasts but also investors looking for a brand new ICO with massive upside potential.
https://m.primal.net/IzPN.webp
In the ecosystem of the quirky-looking mascot, the goal is to create a highly advanced cybernetic dog AI to finally bridge the gap between dogs and artificial intelligence – if the responsible scientist hadn't been eating a sausage on the side. Thus, Wiener AI literally appears in the form of a hot dog and impresses competitors with the motto "Length is Strength."
Overall, the new Wienerdog Coin scores not only with a lot of community fun but also with numerous valuable benefits:
Daily Staking Rewards: Meme fans who invest in Wiener AI can stake their tokens in the network and earn valuable daily staking rewards. This allows investors to build a passive income source and currently benefit from an unbeatable APY of over 1,800%.
Real Hype Potential: As a memecoin with a quirky dog design, Wiener AI appeals to a broad target audience of meme and crypto fans. Additionally, thanks to its ERC-20 standard base, many investors can buy $WAI quickly, safely, and easily – to the moon!
Smart Tokenomics: While a proud 30% of the total 69 billion Wienerdog Coins are issued to new investors in the presale, 20% each are allocated for staking rewards, community rewards, and marketing campaigns. Another 10% is reserved as liquidity for upcoming CEX and DEX listings to ensure a smooth start.
As the mightiest cybernetic being in the crypto universe, Wiener AI has the potential to soon be mentioned alongside true top memecoins. Those who want to benefit from a low valuation can now buy $WAI for as little as $0.0007 in the presale.
Those who hurry with their purchase decision will benefit not only from a high staking APY but also from the best possible purchase price, as the presale price of Wiener AI is deliberately increased every two days – FOMO at its best!
#bitcoin #crypto #meme #bitnews #invest #money #ico

2024-06-26 13:08:51 UTC

Spectraal AI Trading Bot continuously adjusts its orders to current market trends in order to generate maximum profits. It utilizes various trading indicators to strategically optimize its order placement.
https://m.primal.net/IrfV.png
The higher your investment, the better the profits with our AI Trading Bot. Beta testing continues.........
#btc #bitcoin #crypto #bitnews #invest #money

2024-06-26 12:48:59 UTC

Feel free to support our work/project. Thank you very much.👍
https://m.primal.net/IyeK.jpg
👉 https://getalby.com/p/bitnewstoday
#ai #crypto #trading #investor #bitcoin

2024-06-26 10:40:35 UTC

"Enjoying some spaghetti and good vibes! 🍝😁 Remember, it's a great day despite the bad news! 🌞
https://m.primal.net/IyYw.webp
#BTC #Crypto #BitNews #Fun

2024-06-26 10:17:17 UTC

German Government Sells 900 Bitcoin: Sends Additional 400 BTC to Coinbase and Kraken
The additional selling pressure from the German government could push the Bitcoin price below $60,000. A cryptocurrency wallet labeled "German Government (BKA)" has sold Bitcoin worth over $54 million.
https://m.primal.net/IyXw.webp
The German government's wallet sold 900 Bitcoin (BTC) in three separate transactions on June 25.
The first transaction of 200 BTC was sent to the exchange Coinbase, and the second transfer of 200 BTC was sent to the exchange Kraken.
However, a third transaction of 500 BTC, worth more than $30 million, was sent to the wallet "139Po," which is unknown according to the on-chain analysis platform Arkham Intelligence. Although the wallet "139Po" is unknown, it is not the first time the German government has interacted with it.
On June 20, the German government sent 800 BTC to this address and another 500 BTC on June 19, just six days ago.
Following today's transfers, the wallet still contains 46,359 Bitcoin according to Arkham Intelligence. This wallet holds BTC worth over $2.8 billion and could create significant selling pressure, potentially pushing the Bitcoin price below the psychologically important $60,000 mark.
#btc #crypto #bitnews #invest

2024-06-26 10:10:58 UTC

Is Polygon soon to be the most used blockchain network in the world? 🌐
Despite falling prices in the crypto market, the Polygon ecosystem is experiencing strong growth. 📈 Here are the reasons and how MATIC might develop.
https://m.primal.net/IyXe.webp
Polygon (MATIC), once known as Matic Network and a celebrated top performer of the last crypto bull run, has faced several challenges in recent years. 🏆 Despite the strong growth of competitors like Solana and various Ethereum Layer-2 solutions, Polygon has fallen short of expectations. The development of the MATIC price has been disappointing, and currently, the price chart shows no signs of recovery. 📉
However, recent developments and on-chain data paint a different picture: Polygon appears to be on its way to becoming the world's most used blockchain network and has recently even surpassed Solana. 🚀 Only two blockchains are currently ahead of Polygon. 🥈
#btc #polygon #crypto #invest

2024-06-26 02:59:15 UTC

Memecoins in Crisis: Hands Off or Perfect Market Entry? 🎢💰
All signs in the memecoin market have been pointing downward in recent weeks 📉. New hype projects like Dogwifhat have been plummeting for days, trading volume on decentralized exchanges was in free fall 🌪️.
https://image.nostr.build/f28cc56d1b51a70d6417a8dead67d002eadb899de0c65d30b967c4643abe8b05.jpg
The mood – on the brink of capitulation 😰. Now, many projects are recovering, with gains of up to 20 percent 📈. A brief respite before the final crash – or is the sector experiencing its comeback? 🤔
Controversial celebrities like Andrew Tate or Hulk Hogan jumped on the bandwagon 🚂🌟. Scams, rug pulls, insider trading: Discontent was spreading 😠. Everywhere you looked: lies and deceptions 🤥.
"Pack it up, boys, it's over," tweets Ki Youn Ju, CEO of Crypto Quant, for example 🐦. "The dominance of memecoins is declining, indicating a broader shift in the crypto community's attention." Away from gambling, towards altcoins with fundamental values 🎰➡️💎.
#Memecoins #CryptoMarket #InvestmentRisks 🚨💱

2024-06-25 07:52:50 UTC

Bitnews.Today ALERT 🚨 Bitcoin Crash in July 2024?
Mt. Gox Trustee to Begin Bitcoin and Bitcoin Cash Repayments in July 💰🔓
https://m.primal.net/IxJI.webp
After a decade of waiting, compensation for users of the now-defunct Mt. Gox exchange may finally arrive in July. The cryptocurrency exchange Mt. Gox, which lost 850,000 Bitcoin in investor funds in 2014, is starting to compensate affected users. 📅🔙
"The rehabilitation trustee will soon begin repayments in Bitcoin and Bitcoin Cash to the cryptocurrency exchanges with which the rehabilitation trustee has completed the exchange and confirmation of the necessary information for conducting the repayments." 📣💼
The trustee has again asked users for patience, adding that the order of payments will depend on the respective cryptocurrency exchange:
"We will start repayments in the order of cryptocurrency exchanges with which the rehabilitation trustee will complete the exchange and confirmation of required information. Please wait a while until the repayment is made." ⏳🔄
Approximately 127,000 Mt. Gox creditors are waiting for Bitcoin worth more than $9.4 billion. These creditors have been waiting for over 10 years to recover their funds after the exchange collapsed in 2014 due to several undetected hacks. 💸⏱️
#Bitcoin #MtGox #bitnews #invest #crash #crypto 🌐🔑

2024-06-25 03:03:28 UTC

#Bitcoin in Correction Mode: How Serious Are the Threats?
Bitcoin's recent price dip has investors on edge. Several factors are in play:
Mt. Gox payouts: 142,000 BTC could flood the market
German BKA selling 50,000 seized BTC Outflows from Bitcoin ETFs
While these events might pressure BTC short-term, long-term fundamentals remain strong. Mt. Gox payouts are gradual, BKA sales are one-off, and ETF flows fluctuate.
Experts suggest this correction is normal after recent highs. HODLers see it as a buying opportunity, while traders urge caution.
Remember: markets are cyclical. Stay informed, manage risk wisely.
https://m.primal.net/Iwxh.webp
#bitnews # bitcoin #crypto #BTCcorrection #marketanalysis

2024-06-25 02:48:03 UTC

Good Morning Friends, Follower and Nostr User :-)
https://m.primal.net/Iwwy.webp

2024-06-24 16:57:50 UTC

🚀 Join us on this incredible journey with the Spectraal Project, an AI-driven trading bot (early beta) designed to maximize your profits in the crypto market!
Proven high-performance trading strategies make it an ideal investment opportunity."💰 More news coming soon.....
https://m.primal.net/Iqik.mp4
#SpectraalProject #AI #TradingBot #Investment #bitnews

2024-06-24 10:46:17 UTC

Bitnews.Today
Presents Another Promising Token Investment for 2024:
Zero-Knowledge
Zero-knowledge technology is considered one of the most significant innovations in the crypto space this decade. This form of cryptography allows the validation of information without revealing any details. Consequently, ZK-Tech efficiently helps reduce network congestion and improve scalability.
https://m.primal.net/IwHT.webp
Many projects, including #Linea, #zkSync, #Manta, and #Polygon, are now utilizing ZK-proofs. This topic remains hot for 2024 as well.

2024-06-24 10:39:08 UTC

🚀📉 Oh no, Bitcoin is dropping! 😱 But don’t panic, folks! 🛒💸 #BuyTheDip 💪😎 #BitcoinHODL 🌕📈
#CryptoLife #BTC
https://m.primal.net/IwHA.webp

2024-06-22 14:41:01 UTC

BREAKING: The CEO of DELL has posted a picture of the cookie monster eating Bitcoins! BTC$BTC
https://m.primal.net/ItzG.jpg

2024-06-22 14:02:17 UTC

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🔔 Reminder Alert! 🔔
🎉 Don't forget to join our Bitnews Zap Looterie! 🎉
💥 Your chance to win 600 sats is just a post away! 💸✨
Hurry up and get zappy! ⚡️#CryptoFun #ZapLooterie #WinBig

2024-06-21 13:39:06 UTC

🌟Bitnews Airdrop of the Day:
Karak is the risk management Layer 2 blockchain supercharging restaking, AI, and a new generation of secure applications designed for the next billion users. Karak introduces a new product architecture allowing for users and developers to benefit from secure staking and restaking.
https://m.primal.net/Isnk.jpg
Karak has raised $48M in funding from investors like Coinbase and Pantera Capital and has launched an XP campaign. Users who sign up and stake LSTs from Ethereum, Arbitrum or Karak to Karak will earn XPs. Also, earn more XPs from each referral. They don’t have their own token yet but are very likely to launch one in the future. The XPs would likely be converted to their token if the token goes live.
Step-by-Step Guide:
Visit the Karak restaking page:https://app.karak.network/
Enter the invite code “bkaaC” (case sensitive) and sign up.
Now connect your Ethereum or Arbitrum wallet.
Now select a pool and stake your tokens. Karak now supports liquid staking tokens like Lido (wstETH) and Swell (swETH), liquid restaking tokens such as Etherfi (weETH) and Swell (rswETH), as well as stablecoins like USDC and USDT.
You can get swETH by staking ETH and rswETH by restaking ETH on Swell. You will also thereby become eligible for the Swell airdrop.
You will earn staking rewards, EigenLayer points as well as Karak XPs for staking assets. Also, earn more XPs for referring your friends. They don’t have their own token yet but are very likely to launch one in the future. Users who collect XPs will likely get an airdrop if their token goes live.
For more information regarding the campaign, see this tweet.
https://twitter.com/Karak_Network

2024-06-21 06:40:27 UTC

Bitnews.Today: The Next Big Crypto Thing in 2024/25
DePIN!
Bitnews.Today initially considered the topic of DePIN, or "Decentralized Physical Infrastructure," as an exciting trend for the year 2024. This concept refers to blockchain protocols that incentivize decentralized communities to build and maintain physical hardware. Participants who provide resources are rewarded with tokens – a decentralized concept.
The DePIN spectrum is extensive and spans several multi-billion dollar hardware sectors such as cloud storage, computing power, and wireless sensor networks.
https://m.primal.net/IsWi.png
Potential beneficiaries in this area include $RNDR, $FIL, and $AKT. These already serve as solutions in this field. For example, the Render Network (RNDR) revolves around decentralized GPU rendering. The expert attaches great importance to the DePIN narrative and sees considerable potential for innovation and growth in the crypto industry here.

2024-06-21 06:24:31 UTC

Hehehe who wants own?₿
https://m.primal.net/IsVu.jpg
#btc#bitnews #rich #money #invest #trading

2024-06-19 02:25:06 UTC

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The worst financial advice I ever got? "Cash out your 40k to pay for your wedding - you're young, enjoy the money now!" Glad I didn't listen - early withdrawals come with steep penalties & taxes. I learned to be cautious about who I take money advice from! 😅💸