35 Burst results for "BTC"
Crypto Curious
Debt Ceiling News Pumps BTC
"Let's go straight into some market talk. Is it all around what's happened with the debt ceiling, do we think? Or is there a bit more to it? I'm not sure, but that news about the debt ceiling has really pushed up all asset classes, and Bitcoin had a bit of a shakeout last week. Even you had a bit of a panic sell trace, but we're back to the races now. Police. I don't know if I had a panic sell. Come on. We're back to the pre -sell -off levels. I guess it was the debt ceiling, which you can give a bit of an update to. Let's talk about that. Crypto prices had a nice little pump on Sunday night with the news that the US lawmakers had ended their stalemate over the government's debt ceiling debate. As part of the deal agreed between President Joe Biden and Republican House Speaker Kevin McCarthy, the plans are a 30 % tax on crypto mining also has been shelved as part of this deal. So I think what exactly was the deal as well? There's no debt ceiling until January 2025? I mean, that's interesting. It's the kicking the can down the road scenario that every country is doing basically, but particularly America has been leading the way for well over a decade. I'm certainly no financial expert, but what I do know is if you keep printing money, money is going to be useless. Absolutely. We've been on the way there for a long time. I'm sure that's why many people are in crypto. I didn't see this coming. I thought they'd sort of let what needs to happen happen, but how much further can they go? They sort of keep making their own rules and, like I said, keep kicking the can down the road. So the inevitable will happen at one point or another. All they're doing is, in my opinion, making what will inevitably happen
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
You Gotta Be Crazy to Short Bitcoin Right Now
"Bitcoin traded near $28 ,000 on May 28th. Would traders still worry of a full correction of weekend upside? And here you're looking at the Bitcoin One Hour Candle chart. Data from Cointelegraph Markets Point Trading View showed Bitcoin cooling volatility after a last minute surprise saw the action around the weekly close with the US markets closed for Memorial Day holiday. Crypto markets were quite quiet. Traders waiting for a congressional vote on the proposed deal to extend the US debt ceiling. Bitcoin up 4 .4 % on May 28th. Meanwhile failed to convince everyone that the bulls might now have the upper hand. Uploading a potential Bitcoin price roadmap on Twitter, popular trader Crypto Tony called a move back to the low of $23 ,000. Still very much a possibility. Quitting him here. If we close back below $27 .5, I will close my long and look for a short position. And quoting decent trader, the Bitcoin long short ratio has been declining as the price has gone up. This suggests a lot of retail traders on Binance are adding shorts. You got to be crazy to be short in Bitcoin at a time like this. Just saying. But on chain monitoring resource material indicators nonetheless cautioned over dismissing the uptick as a fake out. As someone who frequently uses the phrase while Wes weakening crypto actually believe the Bitcoin PA we have seen for the past few days is legit for multiple reasons, including the fact the bounce came from a key technical support of the 200 week moving average and the debt ceiling deal announcement
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
You Gotta Be Crazy to Short Bitcoin Right Now
"Bitcoin traded near $28 ,000 on May 28th. Would traders still worry of a full correction of weekend upside? And here you're looking at the Bitcoin One Hour Candle chart. Data from Cointelegraph Markets Point Trading View showed Bitcoin cooling volatility after a last minute surprise saw the action around the weekly close with the US markets closed for Memorial Day holiday. Crypto markets were quite quiet. Traders waiting for a congressional vote on the proposed deal to extend the US debt ceiling. Bitcoin up 4 .4 % on May 28th. Meanwhile failed to convince everyone that the bulls might now have the upper hand. Uploading a potential Bitcoin price roadmap on Twitter, popular trader Crypto Tony called a move back to the low of $23 ,000. Still very much a possibility. Quitting him here. If we close back below $27 .5, I will close my long and look for a short position. And quoting decent trader, the Bitcoin long short ratio has been declining as the price has gone up. This suggests a lot of retail traders on Binance are adding shorts. You got to be crazy to be short in Bitcoin at a time like this. Just saying. But on chain monitoring resource material indicators nonetheless cautioned over dismissing the uptick as a fake out. As someone who frequently uses the phrase while Wes weakening crypto actually believe the Bitcoin PA we have seen for the past few days is legit for multiple reasons, including the fact the bounce came from a key technical support of the 200 week moving average and the debt ceiling deal announcement
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
You Gotta Be Crazy to Short Bitcoin Right Now
"Bitcoin traded near $28 ,000 on May 28th. Would traders still worry of a full correction of weekend upside? And here you're looking at the Bitcoin One Hour Candle chart. Data from Cointelegraph Markets Point Trading View showed Bitcoin cooling volatility after a last minute surprise saw the action around the weekly close with the US markets closed for Memorial Day holiday. Crypto markets were quite quiet. Traders waiting for a congressional vote on the proposed deal to extend the US debt ceiling. Bitcoin up 4 .4 % on May 28th. Meanwhile failed to convince everyone that the bulls might now have the upper hand. Uploading a potential Bitcoin price roadmap on Twitter, popular trader Crypto Tony called a move back to the low of $23 ,000. Still very much a possibility. Quitting him here. If we close back below $27 .5, I will close my long and look for a short position. And quoting decent trader, the Bitcoin long short ratio has been declining as the price has gone up. This suggests a lot of retail traders on Binance are adding shorts. You got to be crazy to be short in Bitcoin at a time like this. Just saying. But on chain monitoring resource material indicators nonetheless cautioned over dismissing the uptick as a fake out. As someone who frequently uses the phrase while Wes weakening crypto actually believe the Bitcoin PA we have seen for the past few days is legit for multiple reasons, including the fact the bounce came from a key technical support of the 200 week moving average and the debt ceiling deal announcement
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
You Gotta Be Crazy to Short Bitcoin Right Now
"Bitcoin traded near $28 ,000 on May 28th. Would traders still worry of a full correction of weekend upside? And here you're looking at the Bitcoin One Hour Candle chart. Data from Cointelegraph Markets Point Trading View showed Bitcoin cooling volatility after a last minute surprise saw the action around the weekly close with the US markets closed for Memorial Day holiday. Crypto markets were quite quiet. Traders waiting for a congressional vote on the proposed deal to extend the US debt ceiling. Bitcoin up 4 .4 % on May 28th. Meanwhile failed to convince everyone that the bulls might now have the upper hand. Uploading a potential Bitcoin price roadmap on Twitter, popular trader Crypto Tony called a move back to the low of $23 ,000. Still very much a possibility. Quitting him here. If we close back below $27 .5, I will close my long and look for a short position. And quoting decent trader, the Bitcoin long short ratio has been declining as the price has gone up. This suggests a lot of retail traders on Binance are adding shorts. You got to be crazy to be short in Bitcoin at a time like this. Just saying. But on chain monitoring resource material indicators nonetheless cautioned over dismissing the uptick as a fake out. As someone who frequently uses the phrase while Wes weakening crypto actually believe the Bitcoin PA we have seen for the past few days is legit for multiple reasons, including the fact the bounce came from a key technical support of the 200 week moving average and the debt ceiling deal announcement
The Breakdown
Will the U.S. Default on Its Debt? Circle Ditches Treasuries
"Today we are very much in the realm of where macro and the crypto industry intersect. The story of USD C's reserves and circle's relationship with the U.S. government has been one of the weirdest aspects of this cycle and frankly explains a lot about it for people who are observing from the outside. Circle is of course the company that has been arguably as or even more conscientious as any in the crypto space when it comes to U.S. regulations and trying to play within the system. The obvious reason for that is that they position themselves very early to be the anti tether, right? To be the company that was safe, compliant, and easy for the U.S. establishment to get behind. Circle was betting that stablecoins were going to be a big part of the future financial infrastructure, and they wanted to build the version that other big enterprise actors and just citizens of the United States in general could interact with. They've been trying to build for all intents and purposes a privately created digital dollar. In fact, in some ways, I think they wanted to position themselves as potentially a reason not to need a CBDC because you already had the synthetic dollar that could be more formally roped into the existing system. Now, part of the plan for all of that was moving almost all of their reserves into cash and U.S. treasuries. They were betting that eventually when we finally got stablecoin regulations, which of course we still don't have, that would be one of the requirements to keep everything in treasuries and cash like instruments. Now as part of their risk management, they also tried to diversify where they actually held those assets. And so then irony of ironies when earlier this year, during the banking crisis, Silicon Valley bank goes down and circle has to reveal that a few $1 billion of USD C reserves are potentially stuck there. Now you'll remember the weekend before the fed and the FDIC announced their plans to make everyone at Silicon Valley bank whole, USD C was trading at a meaningful discount at less than 90 cents on the dollar. Of course, that eventually resolved once the U.S. government said that they weren't going to let Silicon Valley bank depositors out to dry, but money still started flowing out of USD C and int tether. Tether is actually up 24% on the year. Now what makes this ironic is that many in the U.S. establishment the political establishment in particular have gone to pains to discuss how stablecoins could be a threat to financial stability in the U.S. financial system. And yet in practice, it was the other way around.
Crypto Voices
What's the BTC Price Trending At???
"Bitcoin price here log scale. I have data as of May 15th a day ago from this recording about 27,000 dollars per Bitcoin. I'm going to run an all time trendline regression over the price now, and again, what is that all time trend that best fits Bitcoin? It's not linear, not log, not exponential. It is a power trendline. All right, so here it is. 95% R squared. It starts on Bitcoin pizza day with laszlo. Making that first Bitcoin price, which turns out to be sub one penny per Bitcoin. Nonetheless, that got us started here and we move on all the way until basically yesterday to get this power curve. 95% R squared's really, really, really strong. Now in prior videos, I showed a variety of different years of the trendline. But basically, this is going to be an evolution now or a progression of how this trendline looked over the years. But rather than going forward, I want to go backward. Okay, I don't think I've gone backward before. So you can imagine that when I draw 2020 twos trendline, it's going to look pretty similar to the all time trendline, all right? And what's the difference? Basically, 2020 twos trendline is going to take in all the data from the beginning. Until yearend 2022. So only basically the same as this except 2020 twos trendline won't have the last 5 months of data, but we can still predict out and see where it is. Okay, so as this is on log scale, it's going to look pretty granular. I'll zoom in in a second to show you, but let's just, let's go 2022 and see where it is. You might have not even noticed on the screen here. Any difference. But there is. And I'll show you on the tool tip. There it is, 2022, 95% R squared as of May 15th, the trendline for 2022 is $55,000 for Bitcoin, all time trend is $52,000 for Bitcoin. And of course, we are under both of those at $27,000. For Bitcoin at the moment.
The Breakdown
Bitcoins Rally to $30K
"Today we are talking price, but it's not just a boring old price show. Like I said, we're talking about the narrative steamroller behind Bitcoin right now. It is chewing up and spitting out pretenders to the narrative throne, and I'd be lying if I said it wasn't beautiful to see. So for the news, last night, Bitcoin reached a price of $30,000 for the first time since June of last year, that milestone came on the back of another scorching hot day of trading that saw the price rise by more than 6%. The broader context is that Bitcoin has quietly had one of its strongest periods in recent history to start the year. Bitcoin is up more than 80% since the beginning of January, recording the two strongest months since October 2021 in January and March. Even with a basically flat February, the first quarter of this year was the strongest three month stretch for Bitcoin since the opening quarter of 2021, which was of course when Elon Musk announced that Tesla had bought Bitcoin. This is also the first time that three months of gains have been strung together since that first quarter of 2021 as well. Of course, it is hard to know if this price action is the beginning of a new bull market or is simply a strong bear market rally. Bitcoin bull markets have in the past follow the halving, which occurs roughly every four years. In 2020, the bull market didn't get fully underway until 5 months after the halving. The 2024 having is still more than a year away, but the class of market participant with eyes on Bitcoin has changed significantly over the last three years. It's entirely possible that investors in the space are generally more tuned into Bitcoin's cyclicality and her front running that anticipated price action.
The Breakdown
Is the Banking Crisis Driving People to Bitcoin?
"Today we are talking king Bitcoin for this special long read Sunday. And one of the interesting things about Bitcoin this year and its resurgence in 2023 is that the banking crisis has referred people back to Bitcoin in more than one way. Certainly there has been a narrative around this being what Bitcoin was built for that goes all the way back to the genesis block and the famous inscription in that block, Chancellor on the brink of a second bailout for banks, mainstream media has picked up on the notion that this might be attracting people to Bitcoin as they see banks failing around them, and they have new questions or restored questions around how much the money in banks that is quote unquote theirs is actually theirs, but it's also making people remember how valuable it is to have a censorship resistant. Store of value and reference in settlement asset that's outside of the control of any regulatory regime in the world. Which brings us to our first piece. This is by JP koning, who's always a thoughtful writer, writing in coindesk with a piece that he titled, USD C boasted transparency, but it didn't help when Silicon Valley bank got into trouble. The weekend of March 10th, 2023, was a profound test of how well stablecoins hold up under pressure. Now that everything is settled, some odd lessons have been passed on, namely, transparency doesn't seem to be a good thing. And forget about prudent management of reserves, it's just not worth it. Opacity and sloppy reserve management win the day. Or at least, so it would appear. Leading up to Friday March 10th, the issuer of the second largest stablecoin USD coin or USD C circle was probably the industry's most transparent issuer. It provided daily updates to investors through its BlackRock managed money market fund, which backstops the stablecoin on top of that circle had just adopted the New York department of financial services guidance for stablecoin transparency, which required two attestation of reserves tests each month. In contrast, circles arch competitor tether, which publishes attestation reports on a less frequent quarterly basis lagged far behind on transparency. To boot in its attestation reports, circle disclosed all sorts of useful information to users, such as each individual treasury bills, CUS IP number, and where it banks. On that list was Silicon Valley bank. It was the last bit of data circles banking relationships that seemed to have caught everyone's attention that Friday. After experiencing a run through most of the week, Silicon Valley bank shares were halted at 9 30 a.m. local time after plunging 62% in pre market trading,
Epicenter
Ryan Zurrer Talks BTC Mining and Keepers
"For me personally, one of the first things I think I read from you was around keepers in blockchain networks. I see you sort of evolved that topic over time. Can you maybe explain to us a little bit, you know what you were thinking about there and maybe also how your view has changed since I think initially you were thinking about just like in 2017 and obviously we're like 6 years later now. So yeah, curious what your current thoughts are. To originally we were thinking about that in terms of MakerDAO because I co rewrote the white paper with rune and Amanda and Nikolai and shout out to Nikolai who we tragically lost last year. He was so important for our space and I miss him tremendously. And because we were generalizing beyond just Bitcoin and mining, I started to think about it in terms of, okay, there's a resource provider layer that provides some important resource and then there's a user layer that uses this resource. One of the better examples or cleaner examples to describe is filecoin, where instead of mining or transaction confirmation, it's storage that is the resource layer. And that's like the keepers. And in DeFi, it wasn't called DeFi at that time. But in liquidity networks in financial networks, the key resource is liquidity provision. So people who provide the market making and liquidity are kind of like the miners of a liquidity network. But we didn't really want to call them miners. So keepers became the term that came up in a long late night conversation between Nikolai and I and that and really it was just about describing these networks as the resource provider layer and the user layer and the user layer is subsidized by the inflation that the resource provider gets over the bootstrapping era, which we're kind of coming to the end of and in Bitcoin, but we can see we're still in the bootstrapping era of many other resource networks. And this can be applied to many, many things beyond just financial transaction verification like in Ethereum and Bitcoin.
HASHR8
Automation & Remote Management With Foreman and Daniel Lawrence
"Let's start off though for those who weren't around or didn't listen to the podcast last time just like your one O one intro on foreman. Yeah, yeah. So foreman, we are minor management and facility management. We like to consider ourselves to be more facility management software these days. So back when we started traditional minor management rebooting, configuring machines, high level we give you a central dashboard that you can go to where you can see all the machines you have deployed in your fleet. Could even be spread across multiple sites. So kind of one page where you can see it in control at all, was just rebooting pool changing, firmware upgrading, kind of maintenance of the machines, management of the machines, and then it's expanded a lot over the last year, where now we're more facility management. So we're integrating with network switches, integrating with PD us, integrating what as an example of somebody has a cooling tower, maybe they're running the new ant space, forgot what it's called the HK three or something like that. If you have a cooling tower and it has stats on the cooling tower, we can integrate with that, bring all the flow sensors, temperature, humidity, all that stuff in. So it's really more big, big picture now. Facility management. And then the other side within the last 8 months or so, we've been working pretty hard towards curtailment features, so helping people turn their minds off when they need to be turned off and turn them on when they need to be turned on. Okay, I think a great thing to go through would be what this looks like in practicality for anyone who's sort of outside scope, because I think most people come from and I'm going to plug in my minor. And it's going to talk to a pool, and then I get payouts to my wallet. They're not necessarily thinking about it from a different perspective. That middle way, wow. That middle where a layer. So walk me through maybe like a deployment. Yeah, the easy way to think why form in if you have one minor or two minors, you probably feel pretty personally connected with them. I know we did when we were hobby mining back in 2016 or so. You have two minors, you can pretty much give each one a name, and you know how to access each one. Every minor has a web page on it, and that's how you configure it traditionally. There but they get to be hard to scale. So when you go from one or two minors to hundred or a thousand and you're trying to track things that are maybe dead, where the scanning tool is not going to pick it up anymore, you need something that's a little more robust. It has a little more state to it also. So you want something that says, I found a hundred miners at some point. Now I'm only finding 98, and these two that I know existed are now offline. So that's the piece you're missing with. Scripts and BTC tools and stuff like that.
Coingape
BTC Price Prediction Can Bitcoin Price Retest to 200 Moving Average Restore Bullish Recovery
"5 p.m. Sunday March 12th, 2023. BTC price prediction can Bitcoin price retest to 200 moving average restore bullish recovery. BTC price prediction of the last three weeks correction phase has plunged the Bitcoin price from a peak of 25,200 to 19,800, registering a 22 loss the coin price is currently wavering above the 20 day moving average MA, with long lower price rejection, candles indicating the exhausted bearish momentum. Can this Emmy support resume the bullish recovery or the post BTC price prediction can Bitcoin price retest to 200 moving average restore bullish recovery appeared first on coin gape.
The Daily Hodl
Bitcoin Bursts to 22,000 As Biden Administration Tries to Stop Contagion in U.S. Financial System
"11 p.m. Sunday, march 12th, 2023 Bitcoin bursts to 22,000 as Biden administration tries to stop contagion in U.S. financial system. The price of Bitcoin BTC is soaring as the Biden administration races to prevent the collapse of Silicon Valley bank from triggering a mass exodus at regional banks across the U.S. the US Treasury Department is conducting a series of emergency meetings to determine whether it should ensure all depositors at SVB will be made. The post Bitcoin bursts to 22,000 as Biden administration tries to stop contagion in U.S. financial system appeared first on the daily HODL
American Institute for Crypto Investors
Im Still Not Buying Bitcoin until This Is Over
"9 p.m. Thursday March 9th, 2023. I'm still not buying Bitcoin until this is over. I'm still not buying Bitcoin BTC until after we see how the upcoming empty gox settlement impacts its price. In case you're new year empty gauze is the now defunct cryptocurrency exchange that once handled 70 of all Bitcoin transactions worldwide. Read more the post them still not buying Bitcoin until this is over appeared first on American institute for crypto investors.
CryptoSlate
Bitcoin perps most negative since FTX collapse, while Bitcoin continues to be withdrawn from exchanges
"4 p.m. Sunday, march 12th, 2023 Bitcoin perp's most negative since FTX collapse, while Bitcoin continues to be withdrawn from exchanges. Quick take the second most amount of Bitcoin withdrawn from exchanges this year at roughly 15,000 BTC. The post Bitcoin perp's most negative since FTX collapse, while Bitcoin continues to be withdrawn from exchanges appeared first on crypto slate.
Coinigy Insights
Unable to Dispense BTC
"5 p.m. Monday March 6th, 2023. Unable to dispense BTC hello there cheers to another cool crypto week's 2014 well. Not all that cool, seeing how 80 of the market traded in the red. The bright side is that there were some tiny winds during the week. Here are the major highlights from last week over 400 Bitcoin ATM machines.
ZyCrypto
Bitcoin Price Fall Ignites Huge Buy The Dip Moment For Whales As BTC Accumulation Heightens
"7 p.m. Sunday March 12th, 2023. Bitcoin price fall ignites huge by the dip moment for whales as BTC accumulation heightens. Despite the recent Bitcoin crash to sub 20 zero zero zero and the subsequent failure of crypto affiliated lender Silicon Valley bank pinning markets down, big BTC investors sim unwavering in their accumulation.
Crypto Briefing
U.S. Government Moves 1B of Seized Silk Road BTC, Prompting Liquidation Fears
"5 p.m. Wednesday, march 8th, 2023. U.S. government moves one B of C's Silk Road BTC, prompting liquidation fears. The DoJ may have sent some of the seized Silk Road funds to coinbase, but that doesn't mean they're about to liquidate. 1.08 billion in BTC, it appears that some.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"And everything app, quitting him here, buying Twitter is an accelerant to creating X to everything app, which is his main motivation, right? However, it has remained vague as to whether these payments will involve blockchain or crypto technology despite the Twitter CEO scene a big role for crypto on Twitter in early December images leak revealing Twitter coins, a secret and development digital asset to be used for payments and tipping on the platform with many hopeful it would involve crypto in some way. However, the more recent leaked images of the project in early January made no mention of crypto or blockchain or Bitcoin but much to the dismay of the community and unconfirmed rumors also emerged last October, Twitter was working on a wallet prototype that should support crypto deposits and withdrawals. However, it appears for the time being the payment system will go ahead with only Fiat support. Boo into that end, Twitter had begun the application process for state based regulatory licenses across the U.S. that would allow it to introduce payments to the platform, one of the sources said the company hopes the U.S. licensing process will be completed within a year and in November the Twitter payments LLC registered with the US Treasury Department financial crimes enforcement network, better known as FinCEN, which would allow it to process payments and in a Twitter space just recently, or I should say around that time, must said he envisioned allowing bank accounts to be connected to Twitter, profiles and incorporating debit cards along with the platform, being able to facilitate money transfers and following the future approval of the U.S. licenses, Twitter would I gaining regulatory approvals, internationally, according to one of the financial time resources. So there you have it, what's your thoughts, do you think the major cryptos will all be adopted into crypto, Twitter, payments, or do you feel it'll just be Fiat, and they will avoid things like Bitcoin and maybe Elon is owned by the central banks. We will soon see. It'll be interesting to see how this plays out. But obviously, this is tremendous for crypto adoption as Twitter being one of the largest social media platforms in the world. So this is definitely a bullish sign if they do adopt crypto, so I am praying. Please, please, please adopt the king crypto to me, that's all that matters. I don't care about doge payments. I'm not going to be using doge just saying. But anyways, now let's break down our next story of the day. Guess what? The judge has ruled that the two mysterious folks that help bail out bankman freed on that $250 million bail are going to be revealed. So let's break this down. Shall we? The two people who helped the former FTX CEO scam bankman fried with his quarter $1 billion bail bond could have their identities revealed next month after a recent ruling by the U.S. district judge, Lewis, Kaplan, according to the January 30th filing, Kaplan granted the joint petition from 8 media outlets to unseal the names
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"With the Bitcoin lightning network. So shout out to strike as Bitcoin magazine points out U.S. users a strike can now use send globally to send instant cheap remittances to loved ones in the Philippines. Let's go as the mass adoption continues and countries around the world. That's right. And yeah, that's what's up. So let me know if you're pretty excited for that and how many of you have actually used the Bitcoin lightning network. Let me know in the comments below. Now let's discuss a major victory for the entire crypto industry against the SEC. In fact, they were celebrating saying FD SEC in an epic champ after their victory, so let's break down this latest case. The U.S. SEC admitted on record that the sale of library credit tokens in the secondary market doesn't constitute a security, the settlement came during an appeal hearing in the library versus SEC case. Yesterday, January 30th. Now, in what many call the victory for the entire crypto industry against the SEC's overreach regulation by enforcement, attorney John deaton settled a major debate during the appeal hearing that's the sea was awarded summary judgment and its favor during the November 7th, 2022 hearing the judgment categorize each sale of the library token during a 6 year period as an investment contract without going into detail about the transaction specifics. The SEC hoped to advance his effort to gain legitimacy in the secondary market and bring it under its purview as well. The SEC asked the New Hampshire district court judge to affirm the wide ambiguous injunction, prohibiting its sale, then deaton who represented tech journalists, Naomi brockwell as an amicus cure, sought clarity for LBC secondary market transactions because he found the injunction ambiguous and broad. Now an amicus curae is an individual organization that is not a party to a legal case, but is permitted to assist a court by offering info expertise or insight that has a bearing on the issue. In the case, the incited a paper by commercial contract attorney Lewis Cohen that examine all security lawsuits in the U.S. since the SEC versus W J howey case. Now no court acknowledged that the underlying asset was a security at any point throughout Cohen's examination of security cases in the U.S. dean persuaded the judge that LBC's secondary market transactions were not securities. The SEC requested an order that does not make a distinction between library, the company's management and users in an effort to avoid providing clarification for LBC, the judge turned to deaton and told him amicus, I'm going to make it clear that my order does not apply to secondary market sales, thus the ruling in the case came as a relief for many in the crypto community, especially XRP holders. So congratulations, ripple is currently facing a security lawsuit from the SEC, which we all know over the sale of XRP tokens, the recent ruling that indicates library token sale in the secondary market doesn't qualify
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"For the year. My point is regarding rates the worst is now behind us, so they're saying things are looking pretty bullish. Now for the third factor to keep your eyes out on this week, index generates the first definitive by signal in four years while few pundits are willing to go on the record, calling an end to the latest Bitcoin bear market, one on chain metric is potentially leading the way the profit and loss index from the on chain analytics platform, crypto quant issued a definitive buy signal for BTC, the first since early 2019, the PNL index aims to provide normalized cycle top and bottom signals, use combined data, and from other three on chain metrics. And when it's value rises above the one year moving average, it is taken as a long-term by opportunity, quitting him here, historically, the index crossover has signaled the beginning of the bull markets. Well, that's freaking get it. Now for the fourth factor to keep your eyes out on this week, contrary to expectations, mass profit taking by the average Bitcoin HODLer, has yet to kick in. That's right. My HODLers have stayed disciplined on chain data from glass note confirms with the Bitcoin supply continuing to age despite the recent price gains. Coins dormant and wallets for 5 years or more as a percentage of the overall supply hit a new all time high of 27.85% over the weekend, which you can see from this chart, outlined by glass node, the amount of HODL or lost coins larger old stashes Bitcoin traditionally dormant has also reached its highest level and 5 years, numbers don't lie, and meanwhile, on the lower time frames, the amount of the supply last active in the past 24 hours had a one month low on January 29th. Now for the 5th and final factor to keep your eyes on it this week and the Bitcoin market, sentiment is the grittiest since $69,000. That's right. What began as this belief became a textbook case of market exuberance is Bitcoin rose rapidly, non technical data shows, according to the crypto greed and fear index, which I shared with you here. You can see we are currently rated a 61 in greed and for the bulk of the entire year last year for 2022, we were stuck in fear and extreme fear and has pointed out here by Bitcoin magazine, de Bitcoin hashrate, hit yet another all time high. And as you know, the price follows the hash rate and quitting plan B, creator of the Bitcoin stock to flow model. He updates us here alongside this chart, the Bitcoin bottom is in 2024 having will be greater than 32,020 25 bull market greater than a 100,000 scenario could look like this. Note the 100,000 to $1 million yellow range estimate for 2025, let me know if you agree or disagree with the stock to flow analysis here from plan B plan B that will likely to see a 6 figure Bitcoin price after the halving in 2024. And yeah, welcome to everyone just tuning in to today's live show. Next up, I want to discuss Bitcoin miners who are finally seeing some nice profits. Especially those that stuck around, you know? Check this out. The Bitcoin shows a minor bull run connecting mining ecosystems, year long struggle for survival, has started to pay off in the first month of this year.
Bankless
"btc" Discussed on Bankless
"Midyear when 8th bottomed in June because of three AC puking all their STE for eth and then selling that 8th from there. But we bounced back from that. And now we've just kind of stuck in this range for the whole year, which, as I said, I think is incredibly bullish. There are people calling for HPT to actually nuke, maybe next year or something. I haven't heard people call for it to nuke soon. Yeah, I mean, I've been hearing it all year from particular people, but I look at that and I'm like, well, look, if you're just looking at charts, maybe you can come to that conclusion. If you're just looking at historical kind of chart data. But the biggest thing for me is the merge. And that's what's affected 8 BTC the most. By removing that cell pressure off that we would have had from miners, that's why I believe 8 BTC is so strong, at least. And there's other reasons as well, but I think that's a cool reason. And if you're just looking at charts, they're not going to show you that. Charts, they historical charts will just show you Ethereum in the proof of work era, right? It's not going to show you with you in the proof of stake era. Yeah, what do you make of this trend? So we have this very long-term trend from almost 2019 of eth BTC just going up and to the right, but then we have the short term trend of it coming down. I am not a TA charter person, any TA person looking at the chart right now is going to cringe. But just what do you make of this convergence of kind of short term bearishness versus long-term bullishness on the eth BTC ratio? Yeah, I mean, I think since 2028 has really come into its own thing. 8 is viewed a lot more positively by the wider market. Now, it is still viewed as more risky than BTC, though. That's why you'll see the kind of volatility here, and you'll see things, especially in big sell offs, you'll see each selling off harder than BTC, but I think more and more people understand the 8 ball case now than they once did.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"The report also states that the South Korean prosecutors are aware of the facts and believe that conversion to Fiat is likely putting them here. It is known that Serbia has installed ATMs in the capital, Belgrade, where bitcoins can be exchanged, so the digital asset report, there are two Bitcoin ATMs in the capital, Belgrade, where Bitcoin can be exchanged for Fiat according to coin, a Tam radar, people close to Kwan believe, according to the report that do Kwan needs a skate funds to provide for his family abroad so far the transactions have been more of shifting coins rather than exchanging them for Fiat money and according to an October analysis by zero XT research, though Kwan de Luna guard foundation or another terror related entity may hold over 6983 Bitcoin in a wallet. So we're talking about mass amount of crypto accumulation, but unfortunately it's stolen funds. So as mentioned at the outset, all indications that the terror Luna founder will remain in Serbia after South Korean court issued an arrest warrant for him in September, prosecutors in South Korea believe this will allow do Kwan to challenge a Korean justice ministry's extradition request in court. And as news, BTC reported, unlike do Kwan, the other leaders behind Terra Luna are not on the run in early December, terraform labs cofounder, shin sung, also known as Daniel shin, and 7 other Terra employees were subpoenaed to appear in the court in South Korea. The hearing by the prosecutors was about issuing arrest warrants for all of them, but hey, it seems he is still on the run, the $1 million question shall become, will he remain on the run or will he likely get caught? I think it's shocking. I mean, this has happened a while back earlier this year. This was one of the biggest scams and frauds as well, not as big as SPF, but it is up there. So the fact he is still free and not in jail is kind of alarming. And that's why in the back of my mind, I was kind of skeptical that SPF would even get arrested, but he has been arrested, but now he is out on bail. So just really makes you wonder, are they going to pay for their crimes? Let me know your honest thoughts in the comments right down below, which leads us to our final story of the day, which is a Christmas rally for the king crypto, which you can say is much long over needed. So now let's break this down. Shall we? Synonymous follow crypto strategist is predicting an upcoming Christmas holiday, which will bring forth a Bitcoin rally, send it, this freaking go, it's not on miss analyst callio tells us half a million Twitter followers that a festive rally is in store for the king crypto because no one is expecting it at the hash rate, which also remains strong, putting him here, Santa rally season, begins soon.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"In today's show, we're going to be discussing Elon Musk, alleging that Sam bankman fried donated over a $1 billion to the Democrats, but the $1 million question where I did all that money go and quoting max Kaiser from a recent interview on Fox News on Tucker Carlson, the Financial Times is essentially a Bible on committing financial fraud and The Wall Street Journal is essentially the playbook on how to commit financial fraud and max also goes on to share that a new all time high for Bitcoin in 2023 are you ready? Also in today's show, will greyscale be the next FTX will grayscale this fighting the good fight on behalf of everyone in the crypto sphere. Also in today's show, Alameda research invested $1.15 billion in crypto miner, genesis digital, according to this latest report. That's right, SPF was consulted on this capital injection, which was made right before the crypto prices plummeted also in today's show, crypto lender genesis allegedly owes $900 million to Gemini's clients, according to this report. That's right, the issue is tied to the Gemini earned program, which offers 8% earned interest on crypto lending and is operated by Gemini and partnership with genesis also in today's show. We're going to be discussing the recent wave of mysterious deaths in crypto. That's right. Also, the top analysts who called the May 2021 Bitcoin crash predicts an epic rally for the king crypto to hit $350,000 per BTC and shares his timeline. That's right, synonymous analyst saved the wave, tells us 130,000 Twitter followers that Bitcoin could ascend to $350,000 by December 2027 based on his logarithmic growth curve model. That's right. We'll also be taking a look at the overall crypto market. All this,
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"The analyst highlighted how trades have been seeking more clarity on exchanges reserves after the FTX fiasco, which can boost demand for Oracle services such as chainlink and in turn push links price higher, quoting David here on crypto Twitter, link is definitely being overlooked with everything that has happened with the new proof of reserves, being pushed out there, chain link will be used to push that data out there so there you have it. Let me know if you agree disagree with the analysts. Now chainlink labs launched this proof of reserves auditing service to exchange this November 10th. The speculations have helped links price rally in the recent days, notably, chainlink price gained 35 and a half percent, 8 days after bottoming out locally at $5 and 50 cents and is currently trading around $7 and 50 cents at the time of this recording. Its highest level in the past two weeks and the link slash USD pair now eyes for their upside and the near term price technicals suggest. Now link reclaim this multi week rising support trendline November 29th, three weeks after losing it in the wake of the FTX led market sell off in doing so chainlink token, also invalidated its prevailing ascending triangle breakdown set up tours $4. Thank God. Now it trades inside the patterns range eyeing a rally towards the upper trendline near $9 and 40 cents, up 25% from the current price levels by the second week of December as shown here in this chart. Nami Calvin de popped the market analyst says he also anticipates chainlink to hit or cross above $9 as he shared here on Twitter, chainlink showing a ton of strength, also expecting continuation there to happen. If I didn't have a long yet, but I do, then I'd be targeting for something like this in which I'd be looking at $9 area. So there you have it, and moreover, a bullish continuation move above $9 and 40 cent resistance could have link I $16 next, the ascending triangle breakout target, send it unless we can go and conversely slip and blow the triangles lower trendline. Again, risk bringing the breakdown set up towards that $4 Mark back in play, down about 45% from the current prices, so there you have it. What are your thoughts surrounding chain link? Let me know in the comments below how many of you are currently bullish on that Oracle service. I have been bullish on chainlink for many years now and is definitely one of my long-term hoddles, but I'd love to know your thoughts in the comments right down below. And with that being shared, now let's discuss mass accumulation taken place, but guess what? Not by the whales just ordinary investors this says a lot and speaks volume, so let's break it down. Some non well Bitcoin investors seem to have had zero issues with crypto bear market, as well as fear, uncertainty and doubt around the fall of FTX, according to on chain data, smaller retail investors have turned increasingly bullish on Bitcoin and started accumulating more BTC, despite the ongoing market crisis, according to a report released by the blockchain intelligence platform, glass node on November 27th, according to the latest data, there are at least two types of retail Bitcoin investors that have been accumulating the record amount of Bitcoin following the FTX collapse. The first type of investors classified as shrimps defines entities or investors that hold less than one Bitcoin currently at 16,500 at the time of this recording, while the second type are crabs. Are in a category of addresses holding up to ten BTC, which would be valued at a $165,000 at the time of this recording. Now shrimp investors have reportedly added 96,200 BTC worth $1.6 billion to their portfolios following the FTX crash in early November, which is an all time high, balance increase. This type of investor collectively holds 1.21 million
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"The most recent in a series, a Bitcoin slash USD forecast, decent trader cofounder, Phil B philby, shout out to him, and also Philip swift. I've had Phillips swift here on the show, doing some technical analysis. They mapped out a potential sub, $10,000 dip on the cards for the pair, quitting them here, and my worst case scenario, I think that would probably be where we end up, like old school, rock hard support, he said, about a bidding zone around $6500, this is where buyers would probably start refilling their bags. He added, noting that the level was approximately double the 2018 bear market and the March 2020 COVID crash lows, which unlikely on the current circumstances, philby philby, nonetheless argued that more significant repercussions from the implosion could remove bid support higher, up the order book, opening up the door for such a capitulation event as he shares here until we have further info. That seems unlikely, and as I say, I think the fact that we haven't dumped harder than we actually really could have done is a good sign for the bulls, he continued given the recent events and asked coin telegraph reported Bitcoin slash USD has in fact managed to dip less compared to his previous all time highs in the previous bear markets as shown here in this chart by glass note and associated debate revolves around whether a deeper dive is necessary to match those bottoms and put an end to the current downtrend. We feel we commented that for Bitcoin to put in a bottom while avoiding the worst case scenario, crypto would need to Dodge some bullets like neo in the matrix and regarding the FTX fallout and macro markets would also need to stay strong. Now let's discuss the Bitcoin price. Navigating the bear market pits elsewhere in the live stream decent trader cofounder Philip swift also creator of data resource look into Bitcoin, explain other recent chart phenomena among them was the increasing number of Bitcoin wallets that now contain at least one BTC. That's right, whole corners at an all time high that tally soon set the cross 1 million for the first time where I'm a long-term HODLers app, make some noise in the live chat. Now this is a direct result of exchange withdrawals in light of FTX swift said, although 18 months ahead, the next Bitcoin block subsidy having event in 2024 will also become a major narrative focus going forward, he added that in turn will have some positive effect on the Bitcoin price action in terms of media coverage and anticipation of the next having event. Now comparative chart showed
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Profile of those originally found and notes that while the analysis certainly includes false positives as well as negatives, the addresses they found contained holdings of Bitcoin nearly identical to what GBTC claimed to have and announcing they had confirmed the holdings ergo added, which begs the question, why does grayscale refuse to disclose dawn chain holdings and squitter user sky quake one offered a possible answer, having dug up GBTC Securities and Exchange Commission filing from January of 2017, which states that the custodian may not disclose such public keys to the sponsor trust or any other individual or entity has shared here. Turns out it was part of the GBTC perspective. There are simply not allowed to tell you, as revealed here in ergo has received praise for many of the community, including crypto research firm, Delphi digital surrogates who retweeted the analysis and added ergo is a treasure in the Twitter community, has been a constant source of insight into the crypto industry, particularly since the fallout of FTX and has even been received praise from the coinbase CEO and founder Brian Armstrong, as well as Elon Musk, for their efforts, so there you have it. What are your thoughts surrounding this independent research, confirming the 633,000 BTC from GBTC in coinbase custody? Do you think that offers peace of mind to crypto investors, how much more in the comments below? And with that being shared, now let's dive into our next story and discuss the infamous $165 million worth of Bitcoin floating around from the 2014 mount gox hacks. Let's discuss it, shall we? The cofounder and chief executive on chain data analytics from crypto quant is revealing that a stash of 7 year old Bitcoin linked to the hacking of the mount gox exchange in 2014 is on the move, crypto quant CEO says that 10,000 Bitcoin from the wallet now defunct crypto exchange, BTC, where allegedly moved by criminals with a small portion of the stash being transferred to the hit, Bitcoin, trading platform, as he shares here, 7 year old, 10,000 Bitcoin moved today, no surprise. It's from criminals, like most of the old bitcoins, it's the BTC E exchange wallet related to the 2014 mount gox hack. They sent 65 BTC to hit BTC a few hours ago, so it's not a government auction, or something, and you can see here the spent outage age bands shared from this analysis and asked why the alleged criminals are selling Bitcoin. Now when the flagship crypto asset had fallen over 70% from us all time high, crypto quant CEO says that the old Bitcoin has already appreciated by over 5500% since 2015, let that sink in as he shows here, well, they don't care.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"In today's show, Bitcoin addresses holding at least one Bitcoin, gets close to a million. That's right, hulk coiners hit an all time high. Less freaking go, also in today's show, independent research verifies that the grayscale Bitcoin trust, 633,000 Bitcoin exists. So why don't gray a scale? Well, in the wake of the FTX crisis, proof of reserves has been a trending topic, and it seems when firms are unwilling to provide it analysts may step in. Also in today's show, a $165 million in Bitcoin, linked to the mount gox hack. Suddenly moves as quant analysts issues a warning quoting crypto quant here, 7 year old, 10,000 BTC moved today, no surprise is from criminals like most of the old bitcoins. It's the BTC E exchange wallet related to the 2014 mount gox hack. They sent 65 BTC to hit BTC a few hours ago, so it's not a government auction, or something, also in today's show, crypto trader details massive price target for litecoin and says litecoin can lead the altcoin charge. That's right, and a new technical roundup strategy video, synonymous, analyst on alt, tells his 44,000 YouTube subs that rallying litecoin could crack its previous all time high of almost $400, which hit back in May of 2021, also in today's show. Bitcoin will explode by over a whopping 5900%, come out of the bear market, spell in like a rose, says arc invests, Kathy wood, that's right, the founder of ark invest is doubling down on her prediction, the Bitcoin will hit 7 figure price target by 2030, also in today's show, will Bitcoin hit a $110,000 next year in 2023. I'm going to be sharing with you three reasons to be bullish on Bitcoin right now and quoting economist Henrik zerg here, Bitcoin moves as a risk asset, not like gold when SPX explodes higher and blow off top towards 57 to 6000 target area, Bitcoin should reach 90 to a $110,000 the final rally before deflationary bus will also be taken a look at the overall crypto market. All this
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Now glass knows exchange net position change metric, puts the 30 day change of the Bitcoin supply held in exchange wallets at negative a 178,683 BTC, the metric covers 20 exchanges, including FTX, which you can see here in this chart. And on a day to today basis, exchange user habits remain volatile after seeing nearly a 140,000 Bitcoin in daily outflows on November 9th alone, exchanges process lesson withdrawals with a local low of under 19,000 BTC recorded for November 19th since then, however, the trend has reversed in November 23rd outflows, totaled more than 86,000 BTC, according to glass note, elsewhere fellow on chain analytics platform, crypto quant, raise the alarm about a major trench of Bitcoin from 20 14s hack of exchange mount gox. How many of you were around in crypto back in 2014? Let me know if you're an OG. According to the CEO, the stolen Bitcoin is on the move with 65 Bitcoin sent to exchange, hit BTC, quitting him here, 7 year old, 10,000 BTC move today, no surprise. It's from criminals, like most of the old bitcoins, it's the Bitcoin E exchange wallet related to the 2014 mount gox hack. They sent 65 BTC to hit BTC a few hours ago, so to still not government auction or something, he tweeted, and he also called on hit BTC to freeze those funds from the incoming wallet as they have been tracking it and separate research from chain analysis, meanwhile, noted, mass processing amount Cox coins associated with exchange BTC, which itself shut down back in 2017. Now, several exchanges along what private wallets amongst others have received Bitcoin E Bitcoin in recent weeks, and it explained in a blog post on November 23rd, the movement of altcoins in September also sparked panic as the mount gox rehabilitation process drew to an end. So there you have it as these coins are sold on the open market. Obviously everything all boils down to supply and demand at the end of the day. That's what drives the entire Bitcoin cycle every four years. We have a halving, the amount of Bitcoin rewarded to miners, because cut in half and due to that scarcity and the high demand, we see a surge and a Bitcoin price which typically goes parabolic reaching a new all time high, one year proceeding that having keeping in mind the next halving is in 2024.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Fellow account bleeding crypto said the price action has nonetheless, only just beginning is bottoming process, quitting him here. Did you know it took 5 weeks to finally hit the bottom once we start to capitulate in 2018, then it took four months of boring PA before we saw the first God candle. We barely started week two today. This is a marathon, not a sprint, get comfortable, it'll be a while, so there you have it. Let me know if you agree or disagree with that analyst that will likely to just be getting started with this bottom for the Bitcoin price and how low do you think we're likely to go? Let me know in the comments. Write down below. And with that being shared, welcome everyone just tuning in to today's live stream, our next breaking story of the day is this FTX hacker with all of this Ethereum, which he has been dumping on the market, which is one of the reasons the crypto market is crashing, especially Ethereum, which was down about 8% yesterday, the hacker, behind the bankrupt crypto exchange FTX, could it be bankman freed? Is it the bahamian authorities? Who is the hacker? Well, they started transferring their ether holdings to a new wallet address on November 20th, the FTX wallet drainer was the 27th largest eth holder after the hack but dropped ten positions after the weekend eth dump, the FTX accurate drain nearly $447 million out of multiple FTS global and the FTX U.S. exchange wallets, just hours after the crypto exchange filed for chapter 11 bankruptcy on November 11th, the majority of the stolen funds were in Ethereum making the exploiter the 27th largest Ethereum whale and on November 20th, the FTX whale drainer, won transferred 50,000 Ethereum to a new address, the new wallet address then swapped the ether for ren BTC, which is an ERC 20 version of Bitcoin and bridge to wallets on the Bitcoin blockchain, one of the wallets held a 1070 ren Bitcoin, while another wallet held 2444 ran Bitcoin, which is wild to say the least. Now crypto analytic group certificate later tracked the bridge rent BTC and the address found the address employed and money laundering technique called peel chain to launder the ren BTC doesn't sound like the bahamian authorities would be doing this. Could it be bankman fried or the goons or elite above him? Let me know your thoughts in the comments below. Now I appeal chain as a technique to launder a large amount of crypto. Do I length these series of minor transactions a small portion is peeled from the subject's address in a low value transfer, these incremental launderer funds are often transferred to exchanges where they can be converted to Fiat currency or other crypto
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Families. But anyways, now let's break down our next story of the day and discuss this massive, grayscale alert because this has the potential to again shock the entire crypto industry and impact it tremendously even more than what we've already seen as the FTX contagion effects do not even stop the largest institutional Bitcoin product on the market. The grayscale Bitcoin trust better known as GBTC as a result of the bankruptcy of bankman fried crypto exchange FTX, the discount on the grayscale Bitcoin trust fund had fallen to around negative 40%, which I think is the greatest discount I have ever seen. Now, as recently as the end of 2020, GBTC was trading at a premium of plus 40%. However, in January of 2021, the trend reversal occurred when gray scales Bitcoin fund traded at a discount for the first time. And since then, GBTC has been on a downward slide to say the least charts don't lie, which you can see here. Grayscale Bitcoin trust is largest owners include, Kathy Woods, ark and bas who owns .85%, horizon, kinetics, own .34%, and simplify asset management, own .06%, and then we have system intelligence, parkwood, and emerald mutual fund all owning small portions as well as Rothschild investments, one of the Illuminati crime families of the world even owns .01% according to CNN business. Now, could this be a potential doomsday for Bitcoin? Let's discuss it. Recent events have led the grayscale Bitcoin trust to become potentially the single biggest risk to the Bitcoin markets as news BTC reported genesis global had to pause all their withdrawals for its lending business on Wednesday due to unprecedented market turmoil and this is concerning for the grayscale Bitcoin trust and that genesis global served as the liquidity provider for the trust, genesis global's parent company is digital currency group, D.C., G and this in turn is also the parent company of grayscale shortly after the genesis announcement, digital currency group clarified that the matter would have no impact on its own business, DCG stated that genesis is not a service provider for any grayscale product and furthermore,
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Checking out coin market cap dot com. You can see the current market cap, sitting at 832 billion when you think we'll surpass that 1 trillion milestone again. Let me know in the comments below the 24 hour volume is very low. I'd say extremely low at 34 billion with the Bitcoin dominance at 38.4% with the ether dominance at 17.8% and checking out the top 100 cryptocurrency gainers in the past 24 hours. We have E cash, leading the pack up 18.3%, followed by Zilla, a 5.7% followed by OKB, 4% followed by the sandbox, as well as dash and checking out the top 100 cryptocurrency gainers for the past week. We can see trust wallet tokens, the lead in the pack up 72% along with ton, up 23% in chili's up 16, .4% on the biggest loss naturally, FTT, which was the native token of the fallen FTX exchange and checking out one of my favorite indicators, the crypto greed and fear index shows were currently rated at 23 and extreme fear, the same as yesterday. Last week was a 21 and last month was a 23 in extreme fear. And if you're not familiar with the crypto greed and fear index, extreme fear can be a sign, investors are extremely worried and take advantage of that BTF D by that freaking dip. And with that being shared, welcome everyone just tuning in to today's episode of crypto news alerts, let's dive right into today's Bitcoin, technical analysis, shall we, one of the biggest factors, differentiating the king crypto from Fiat currency in most cryptos is the hard limit, a 21 million on its total circulating supply. However, the demise of numerous crypto exchanges over the last decade, including the last week. Has permanently taken out at least 5.7%, which is 1.2 million BTC of the total issuable Bitcoin from circulation, like wow, the clack of clarity around a crypto exchanges proof of reserves came out as the primary reason for their studying collapses as seen recently with FTX, historical data around crypto crashes revealed that 14 crypto exchanges together were responsible for the loss of almost 1.2 million BTC, which represents 6.3% of the 19.2 Bitcoin currently in circulation. As you can see here, it shows you those exchanges, Bitcoin, lost 61,000, bit floor lost 24,000, mount gox was a whopping 650,000 and the list goes on and on. Now an investigation conducted by jamison lop cofounder and chief technology officer, a Bitcoin storage platform, cast the HODL, shout out to Jameson. He said that mount gox remains the top position when it comes to exchange losing their Bitcoin holdings. And while the scarcity of Bitcoin is directly related to the value of an asset, lot pointed out that fake Bitcoin offerings currently threaten the ecosystem, adding that Bitcoin will not be a great store of value if most people are buying fake Bitcoin and lo and behold, people were buying fake Bitcoin on the FTX exchange. They were buying this fake artificial wrap Bitcoin. Now investigations confirm that at least
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"In this space. So there you have, we have mass crypto demand right now. I mean, they surveyed their customers. Again, numbers don't lie. 90% of them said they are interested in investing in digital assets in the years to come as I would imagine as, I mean, how could you not be interested in cryptocurrency, especially with Fiat currencies around the world collapsing? And as we've seen, I mean, Argentine peso, there's so many currencies where you're being devalued right now and hyperinflation occurring literally all over the world. So my hypothesis is that these Fiat currencies around the world are going to continue to crash against the U.S. dollar and then eventually the largest Ponzi of them all, which is the U.S. dollar will eventually crash into the king crypt, though, BTC. Let me know if you agree or disagree in the comments right down below. With that being shared, now let's dive right into a potential Bitcoin price bottom between 13 to $14,000 because this is the $1 million question. Everybody wants to know how low will the Bitcoin price likely go during this bear market? Well, let's break it down. Shall we? And this is according to a crypto analyst who has been pretty accurate in the past just FYI. Benjamin Cohen thinks Bitcoin can still witness another sell off event en route to printing a fresh bear market low and a new video. He tells the 770,000 YouTube subs, that Bitcoin's one year running return on investment indicator suggests that Bitcoin could be headed for a capitulation event, quoting the analysts here. Historically, Bitcoin's one year return on investment bottoms at about .2, the best way for at the bottom at .2 would be if we go down to the 13 to 14,000 range, sometime in the next month or two, so he's saying before the end of the year. And then it would probably hit around that .2 level because we're comparing it to $69,000 and 20% of around 69,000 or at least for the daily close was, gets you to around that 13 to 14,000 level, which he shares here in this chart. Now Bitcoin tends to print a bear market bottom whenever the running one year ROI metric hits .2. So should Bitcoin HODLers capitulate, Cohen predicts that Bitcoin will whip saw panic sellers by pulling off an abrupt and strong rally once the bottom is then quoting him here. If we do see some type of capitulation, we can see some type of strong rally after it because all things considered, this would have been the typical bottom for Bitcoin, so he goes sideways at about 70% down for months and months and months, and then eventually you see a final capitulation. This would be your typical bear market bottom for the king crypto. So let me know if you agree or disagree with Benjamin Cohen, according to him a correction of his target of 14,000 suggests a downside potential of nearly 30% for BTC, but let me know if you agree or disagree in the comments right down below. I want to welcome everyone just joining in as well and give everyone a quick live shout out for those taking the time to join me live as this fly is flying around my face.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"Is bullish, is that Bitcoin whales could be prepping to jump back into the market after a period of selling, quitting him here. One reason is that I am well watching wells are investors who are giant crypto holders HODLing enough assets to have the potential to move currency valuations in recent weeks, wells have been selling, which has the effect of bringing down the market price as others get spooked and panic sell, this then allows the big players to buy back more and cheaper down the track, I sense that they are preparing to make their moves the buy and top up their hot links in the coming weeks. The devere group CEO says that over the past four weeks, the number of Bitcoin well addresses has increased as he shares here. Also, there's other noticeable well activity taking place. The number of new wallets holding between 10,100 thousand bitcoins has jumped by a 103, and the last 30 days, and according to green, Bitcoin and other leading crypto assets are currently selling at a discount and possess upside potential as quoted here, despite the recent turbulence, I believe that the trajectory of Bitcoin and other major cryptos is upwards. This is why view the current dip as a discount. That's right, so take advantage sees the moment. Now let's break down this $1 million Bitcoin price prediction, which many are saying can be too conservative. That's right, by carrying out a rudimentary extrapolation of Bitcoin price movements since 2017, Bitcoin is on a run rate to hit a $191,000 by January 2030. And when considering the price impact of the Bitcoin halvings on a four year basis, a step mechanism needs to be included in the extrapolation to reflect the impact of each event on the king crypto so between now and 2030 to having events will occur when in May 2024 and the second in May, 2028, so looking at historical having events the first halving November 28th, 2012, Bitcoin surged from $12 to a November 28 high in 2013 of $1050, which is an 8650%, increase, not too shabby, and second half in July 9th, 2016, Bitcoin searched from $664 to a July 9, 2017 high of $2556, which is a 285% increase, and the third halving may 11th, 2020, Bitcoin surged from 8700 to a may 11th, 2021 high of 55,800 and increase of 540%, so based on the above, Bitcoin has surged by an average 3158% and the one year after each having event, which is typically the year the market goes parabolic the year following the halving and by removing the 2012 anomaly, the average increase is 412 and a half percent. Now using the extrapolation from January 2017, the extrapolated May 2024 projected price of a 108,000 and incorporating a one year price increase of 413% between May 2024 and May 2025, Bitcoin can hit $446,000 and incorporate the estimated 413% increase between May 2028 and May 2029, Bitcoin would be on target to hit $2.08 million by May 2029, given Bitcoin a January 2030 value of $2.11 million for the king crypto. Let me know if you agree or disagree with his bullish price prediction, but do keep in mind the projection considers the following assumptions. Number one, Bitcoin mining support remains firm. Number two, crypto market regulatory framework supports innovation and the evolution of cryptos as an alternative asset class number three Bitcoin whale numbers hold steady while increasing the Bitcoin holdings number four crypto asset adoption continues to grow, at its current rates. And number 5, there's no catastrophic crypto market event, AKA a black swan event. So there you have it. And now for a quick recap, put a cover with you here in today's show. Bitcoin price nears 21,700 as well as boost Bitcoin, almost perfectly, as well as micro strategy to reinvest $500 million of stock sales into Bitcoin according to their latest SEC filing, as well as Ethereum ready for the merge as last shadow fork completes successfully. We also discussed FTX ventures by a 30% stake and scaramucci's sky bridge capital, as well as Bitcoin while activity is sending a bullish signal for Bitcoin says the veer group CEO, Nigel green, and explains why, and also shared with you this bullish, $1 million Bitcoin price prediction, but where do you feel the Bitcoin price is likely to go next? Let me know in the comments, write down below. Now for the top three comments from yesterday's episode, sailing with twins, hey JV, thanks again for the great show. I really enjoy listening to your show. Like I said before, you read like a mofo, you bring us the news that counts no BS. I am super bullish. If we have to wait another week or month, it's okay. We all know it will pump, crypto is the future for our children after the vid, who's going to want to handle dirty bank notes that pass disease. Imagine how things will pump as more people accept crypto as the future global currency, much respect family I appreciate your continued support. Our next featured comment comes from T wolf. I always try to time up saying, in today's show, with you, love your content, man, keep killing it, will do, and our third and final featured comment comes from Tom Brown the third. Thank you, brother. I answered the crypto world two years ago after losing any opportunity to buy 1000 worth of BTC at .8 a long time ago, yours was the first podcast I started watching and has helped me grow my portfolio, HODL, music to my ears, and to be featured on tomorrow's episode, drop a comment below. And again, if you like receiving daily premium, crypto news alerts every single day, just like this, make sure you're subscribed to the channel, hit that bell to turn on all notifications. Will Smith, the like button and drop a comment below, and I look forward to seeing you on tomorrow's episode, pace.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"btc" Discussed on Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
"This episode is brought to you by Samsung. Unfold the all new galaxy Z fold four and expand your world. With flex mode, it stands on its own, so your hands free to get more done during calls. And with multi window view, you can use up to three apps at the same time. Plus, the edge to edge screen allows you to fully immerse yourself in your favorite games and shows. Visit Samsung dot com to learn more about galaxy Z fold four. Welcome to season two of the out thinking investor and award winning podcast from PJ. We'll bring unique perspectives to the underappreciated challenges and overlooked opportunities will speak with global thought leaders and pgim experts to understand the current trends and forces reshaping global finance. Subscribe to pgim's the out thinking investor today for these insights and more. This podcast is intended solely for professional investor use. Has performance is not a guarantee of future results. In today's show, Bitcoin nears 21,700, as well as boost, Bitcoin almost perfectly, and today shall be breaking down the latest technical analysis and quitting whale map, well supported 19,000 worked almost perfectly to the upside 21,500. It's not the closest resistance, according to Wales, encoding crypto analyst, Mike Calvin, they pop, Bitcoin is still resting at resistance and probably consolidating here. I'd like to see high getting sweat, and then a consolidation, what happens in between probably we'll see altcoins firing off heavily and quoting Phoenix if Bitcoin holds 20,700, then I think we'll run this to 23,000 later and plan B updates as stock to flow model, one certainty in my opinion, one day, will be red again, including mass geyser, America is driving 350 mph into Bitcoin's impenetrable wall of encryption, good luck with that. Also in today's show, Michael strategy to reinvest $500 million stock sales into Bitcoin according to their latest SEC filing, quoting them here. We intend to use the net proceeds from the sale of any class a common stock, offered under this prospectus for general corporate purposes, including the acquisition of Bitcoin unless otherwise indicated in the applicable prospectus supplement and as shared here, micro strategy raisin, up to 500 million to buy more Bitcoin, probably nothing. Also in today's show, Ethereum ready for the merge as last shadow for completes successfully as they share here, transition and mainnet shadow fork 13, the last shadow fork before the merge was successful for all never mind notes, also in today's show, FTX ventures by 30% stake has scaramucci's sky bridge capital, also in today's show, Bitcoin well activity is sending a bullish signal for the king crypto says the veer group CEO, Nigel green, and explains why, quoting him here, despite the recent turbulence, I believe that to trajectory, a Bitcoin and other major cryptos is upwards. This is why view the current dip as a discount also be sharing with you this conservative $1 million Bitcoin price prediction. That's right, incorporating the estimated 413% increase between May 2028 and May 2029, Bitcoin would be on target to hit $2.08 million by May 2029, given Bitcoin a January 2030 value of $2.11 million per BTC will also be taken a look at the overall crypto market. All this, plus so much more in today's show. Hey, what's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience, visit our YouTube channel at crypto, news alerts dot net. Again, that's crypto, news, alerts dot net. All right, welcome back to another episode of crypto news alerts, I'm your host JV and welcome to podcast episode number 1043. The Bitcoin sought to overturn August resistance on September 10th as well by levels dictated the Bitcoin price action, right here you're looking at the Bitcoin one day candle chart, now data from coin telegraph markets and trading view showed Bitcoin hitting new multi week highs of 21,600 on this stamp Facebook is building tools to enhance safety and security over 40 million people are using Facebook's privacy checkup each month. That's nearly 60 times the population of Washington, D.C.. Learn more about the work ahead. At Facebook dot com slash action. Bitcoin capitalized on a short squeeze, which began early on September 9th, taken at around 10% higher after plumbing the lowest levels since the end of June, that's right, and analyzing the events on chain monitoring resource well map noted that the clusters of buy ins by whales had effectively allowed Bitcoin to put in a floor $19,000 has been a high volume zone of interest for buyers previously and this thus remain un violated during the visit to two month lows and as previously reported to other key well support zones lie at 16,013 $1000, quoting whale map here, whale supported 19,000, worked almost perfectly to the upside 21,500 is now the closest resistance according to the whales and another chart showed the significance of the mid 21,000 corridor in which Bitcoin was acting on the day and in addition to being of interest to the whales, the zone function as support amid August before flipping to resistance, including crypto analysts, Mike Calvin depop, Bitcoin still resting at resistance and probably consolidating here. I like to see the high getting swept and then a consolidation, what happens in between probably will see altcoins firing off heavily and quoting Phoenix after this impressive move would be quite logical to cool off here, load time frame sweep already happens, momentum falling, bit by bit, a Bitcoin holds 20,700, then I think we'll run this to 23,000 later, let me know if you agree or disagree with the crypto analysts, not trader Phoenix, meanwhile, called for more substantial consolidation next, followed by a return to $23,000. Meanwhile, Ethereum expected to hit $1900, that's right, of additional interest at traders was ether, which managed its highest since August 19th on the day before retracing $1745 can still be beaten, popular Twitter account, crypto capo shared before come down to cold, quoting him here. Eth going straight to the 1800 to $1900 resistance, I expect bearers continuation once this level has been reached. This could be on or before the merge state and the current merged date is scheduled to be released September 13th and just three more days, also important to remind you that creditor reimbursements from defunct exchange mount gox are notionally due to begin the same day, now both events will come to two days after the latest, CPI inflation data from the United States, and quitting plan B on his recent update, one certainty, in my opinion, one day there will be red again, preach also has shared here by max Kaiser, America is driving 350 mph. And to bitcoins and penetrable while of encryption, good luck with that. And before I break down next to the day, micro strategy to reinvest 500 million stock sales into Bitcoin, according to their latest SEC filing, but first, let's take a quick look at the overall crypto market. As you can see, Bitcoin up 1.3% for the day, maintaining just above 21,000, $300. We have ether, a 1.1%, maintaining just above $1700 while binance coin, avalanche XRP, and cardano, all pumping and in the green while Solana and polkadot are correcting and in the red, but now there's breakdown and exploit the day. Micro strategy, the largest institutional Bitcoin buyer entered an agreement with two agents Cohen and company and BTIG to sell his aggregated class a common stock worth a half a $1 billion this episode is brought to you by pay core pay core empowers leaders to build winning teams with pay core, leaders can recruit, onboard and train employees, set goals and drive performance. If you're a leader,