aimeta (@aimetaverse) • Hey
hoho
Publications
- 🚀 #BTC back in action
🪂3 biggest #Airdrop on the way
💰Each going to infuse more than nullB to this market in form of Airdrop
🪂 $ZK
🪂 $ZRO
🪂 $BLAST
🤔R u ready?
📅I repeat 2024 is going to be year of #Airdrop
🤔Which one will come first? Let me know👇
💙Like
🔁RT
- Layer 2s as cultural extensions of Ethereum
https://vitalik.eth.limo/general/2024/05/29/l2culture.html
- Gm
- Gm
- Ready for $SOCIAL Summer? 🏖🍹🦄
To celebrate, 10 Phaver-Ups and 1M #phairdrop raffled among users who like & share this post or share their own version on X, Lens or Farcaster with instructions below⤵️ Also, L2 can now be reached in 1 day with Anima for faster referral rewards!
How to win 100k Points & a Phaver-Up? 🎉
a) Share & like the $SOCIAL Summer post on X, Lens or Farcaster (each has their own raffle)
b) Make your own post in same channels with $SOCIAL, #phairdrop and your Phaver username/invite code
c) Highest reach in b on X
d) Best meme 🔥
Raffle ends May 31st⏳It’s also time to onboard your frens and earn 1k rewards when they level up with your code: Anima now gives 10 Cred/day and Level 2 limit is dropped to 10C, so new users can level up in 1 day🚀, reward you, and get free Lens & FC to still get a #phairdrop!🤝
Remember that $SOCIAL is not yet available to buy or trade anywhere and anyone requesting you to connect a wallet for airdrop purposes is a scammer.
Stay safe and beware of scam links. Always verify through our official channels. 🫡
- 🔥Community preparing for $ZK eligiblelity checker
- 🎰Only guide u need to farm @Blast_L2 on @DistrictOneIO
✌️2 strategies
1️⃣ $ 15 cost
🎁Expect 50-100 Gold
2️⃣$ 15+ $ 180 LP lock
🎁Expect 100 - 500 Gold
👇Steps for 1️⃣
🔗districtone.io/invite/DZ84M4
✅Connect wallet
✅Pay $ 15
✅Claim welcome gems
💎More gems u have more Gold u get
👇Steps to earn free gems every day
🔗districtone.io/space/3459?inv…
✅Join this space
⏳Every 2hrs they're will be a rally
✅Spend 200 gems to join Rally
✅At end of timer u will see gem claim post
✅Click it to claim gems
💎U will get ~850 gems
🔁U can repeat this 2X a day
🗓️U can earn 1300 gems every day
📆That's 20k gems in 15 days
👇Steps for strategy2️⃣
✅Lock some LP after login in sOLE
🔗districtone.io/sole
✅Lock 0.055ETH for 3 months in LP
👑Now u get premium rights
✅U can now go to prime tab
✅Vote on survival 3 times a day
💎U get 1500 gems a day
✅U can also visit my page & other prime page & vote 3 times a day
💎Another 1500gems
💰Total 3000 gems every day
📆45k in 15 days
https://twitter.com/CryptoTeluguO/status/1792049517065625653?t=LFhSoBjZpfbWYbhREsjESg&s=19
- 😁Many r asking me to post a guide to earn @Blast_L2 gold
💥Don't miss today's Video
👇In vdo
✅Easy way to farm Gold
✅Low capital
✅With help of @DistrictOneIO
✅Also included high capital strategy
✅U can farm 50-500 gold
💰Capital $ 15 - $ 400
🤔R u ready?
💙Like
🔁RT
- Gm
- 💥 @LineaBuild Surge live
👇Key points
🔗First Connect & active account - referrals.linea.build/?refCode=QMN9c…
⚡The Surge Continues: 6 Volts or $ 3B TVL
📆Each volt 1 month
📉Rewards emission go down after every Volt
⚡Volt 1 live now
💥Boosted rewards
🪙Points will be visible after 20May
🪙Collect LXP-L for bringing liquidity to Linea
📥Adding them in LP or lending will give more points
😁There r higher points for blue box interaction in heatmap below
💵Ex - supply ETH/LRT liquidity to earn more points
🤔Let me know if u want a detailed guide on maximising points
💙Like
🔁RT
- Gm
- 💥Simple guide on @phaverapp for new users
✅2min get NFT which can help u level 2
🥷Strategy to farm 3 big #Airdrop
🪂Phaver
🪂Lens
🪂Farcaster
⛽$ 10
👇Guide
▶️English- https://youtu.be/Lvm-P2cIR2s?si=DqrTulEiD0xnXnU5
▶️Hindi- https://youtu.be/-gg4NezxYjo?si=SAijVoQCruRks5_R
▶️Telugu- https://youtu.be/BDPi4eApDaI?si=fIucoaFQqQ-Xrn6x
💙Like
🔁RT
- **LENSFREN #2 **(HEYFLOWER) 💚🌸✨
• Open edition for 7 days
• 100 $BONSAI
• 10% mirror referral reward
Original hand-drawn animation art, minted directly to #lens
Themed after @lens/hey - Adopt one today! 🌱✨
- 💥 @eigenlayer Airdrop claim is live
🔗claims.eigenfoundation.org
😁Our 100 $EIGEN bonus is seen added
🤩Really happy to see that
🙂Got multiple tq msg
💰Users who used @ether_fi 0.1ETH got 110 min tokens
💸Small users got big🪂
🤔Did u get 100 bonus? Post your📸
💙Like
🔁RT
- 💥Full details on @phaverapp token
🪙 $SOCIAL
🪙Total supply- 10B
🪙Expected TGE- 900M
🪂S1 Airdrop- 300M
🔒All other, TGE locked except Ecosystem
🧢Max 🪂 100k
👇At 1B FDV
🪙$ 0.1
💰Mcap- 90M
💥10000 points Airdrop value- $ 1000
🤩Looks good
🤔What do u think?
💙Like
🔁RT
- Gm Frens, as we’re gearing up for a major announcement, our systems flagged that some malicious actors and bots have been exploiting the Phaver KYC by Galxe and the Kleoverse Github Passport to unfairly gain levels in the app.
To ensure fairness and to enhance our bot-protection, these two will no longer earn Cred + Points. Since real users are also impacted by the change, we’re compensating by enhancing the value of Anima NFT. Now, each Anima will earn 5 Cred, up from the previous 3.
In order to continue receiving Cred for Anima, please redo the verification every 30 days via the Cred Dashboard. The Verification works both on mobile and desktop.
For further details about Anima, visit our guide: https://phaver.gitbook.io/phaver-help-center/phaver-points-and-cred-score/anima-proof-of-personhood
Rest assured, bots will not receive Phaver tokens. Thank you for your cooperation frens ❤️
- Today, May 6th, 21:00hs UTC I'm launching the first episode #ExploringTheGarden reboot's. Put your alarms to discover all about $BONSAI, SocialFi monetization and more! 👀
Collectors of the episode will have an special perk... 🤫
- Since a lot of people are interested in fully homomorphic encryption (FHE) recently, re-upping my article from 2020 that goes into how the math works in depth:
https://vitalik.eth.limo/general/2020/07/20/homomorphic.html
- 📆 @AvailProject Phase 1 of the Unification Drop ended
💥Good news👇
✅There will be phase2
📆Details next week
🎁More wallets will be added from
💻Node users
📥LST holders etc
👥Phase 1 only had 50k users per category
😁Let's hope they add more users in phase 2
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1786935928533159998?t=1v-g23jA52HzD6FPPNt1xw&s=19
- 😤Airdrops r dead
😅Who said that
🫨We r so back
💥Eigen min drop value $ 1000
📸LayerZero took snapshot
🪂zkSync cooking eligibility
💥Blast Airdrop in May
🔜Linea
🔜Scroll
🔜Hyperlane
🔜More
🚀 #BTC back to 60k
🪂R not dead until end of this cycle
🤔Agreed?
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1786378398040027597?t=v1SjT2R4cBGmmOR-xyOspw&s=19
- gm,guys!
- Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions
David Marcus, the former president of Paypal and the current CEO of Lightspark, envisions bitcoin as the primary currency for artificial intelligence (AI) in the future. He describes bitcoin as “maximally neutral,” highlighting its advantages over conventional fiat currencies like the euro or the U.S. dollar.
Bitcoin Poised to Become Default Currency for AI, Says David Marcus
During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and “friction” inherent in fiat currencies, predicting that AI agents will adopt this “digitally native” medium for value exchange.
Marcus claimed that Europeans won’t accept the American version of this theoretical medium for AI agents to exchange value or vice versa. “And what is the most neutral form of digitally native, internet money? It’s bitcoin,” Marcus insisted. He noted that if BTC can meet the speed of AI it’s “basically going to be the native currency of AI.”
The former president of Paypal isn’t alone in linking bitcoin (BTC) with AI technology. Last January, Joe Lonsdale, a founding partner at Palantir, echoed David Marcus’s sentiments expressed at the Microstrategy event, suggesting that AI agents might favor bitcoin for transactions. Similarly, Arthur Hayes, co-founder and former CEO of Bitmex, also suggested in a blog post that there was a potential convergence between BTC and AI technologies.
To Marcus, BTC embodies the “maximally neutral” medium that suits AI agents engaged in value transactions. “So what is it going to be for value between AI agents?” Marcus pondered, then concluded, “Definitely Bitcoin. Because that’s the neutral language of value on the internet.”
- 💥 @LayerZero_Labs Snapshot completed
📸Snapshot
📆2nd May
⌚5:30 AM IST
🔜Next eligibility checker
🔜Then 🪂 claim
🤔So will it be before @zksync let me know in comments
💥 $ZRO
💙Like
🔁RT
- Bitcoin's 61-Day Streak Above $ 60K Threatened, $ 271M in Liquidations as BTC Nears Critical Threshold
Bitcoin prices experienced a notable decline on Tuesday, dropping more than 2% against the U.S. dollar in the last 24 hours, following a 7.8% decrease over the previous week. Global trading volumes on spot crypto exchanges have remained subdued, and in the past day, derivatives exchanges saw $ 271 million in both short and long positions liquidated.
Market Turbulence Continues as Over 95,000 Crypto Traders Liquidated
Bitcoin (BTC) fell to a Tuesday low of $ 59,629 on Apr. 30, but swiftly recovered, surpassing the $ 60,000 mark. To date in 2024, BTC has successfully ended the day above $ 60,000 for 61 days. A closure below this level would end its longest-recorded streak above this price point. Data reveal that spot trade volumes on numerous centralized exchanges were reduced in April compared to March. Specifically, trading volumes for bitcoin and ether alone have significantly declined since mid-April.
Currently, BTC is trading between $ 60,450 and $ 60,950 as of 9:30 to 10:30 a.m. Eastern Time on Apr. 30, 2024. It has contributed approximately $ 31.43 billion to the total $ 89 billion global trade volume recorded across the entire crypto economy in the last 24 hours. Ether transactions account for about $ 16.2 billion of this total. Recent data on derivatives liquidations show that $ 271 million in positions were eliminated yesterdayIn total, 95,167 traders faced liquidation, with the majority—$ 212.4 million—comprising long positions, and $ 60.58 million in short positions. Of the long positions, $ 83.78 million were in ETH, while $ 66.61 million were tied to BTC-centric bets. As the crypto economy navigates through these choppy waters, the enduring demand for bitcoin, coupled with the strategic movements of traders, suggests a cautious optimism in the face of current market uncertainties. The close of the month may prove crucial in determining the trajectory of its long-standing price stability.
In a communication to Bitcoin.com News, Etoro market analyst Simon Peters observed that “crypto price movements were fairly muted last week.” He also pointed out that BTC prices have retreated following net withdrawals from spot bitcoin exchange-traded funds (ETFs). “We’re still waiting for any significant volatility post-halving, however, the longer price stays around these levels, holding above the $ 60,000 mark, the stronger the narrative could become that support has formed and a move to the upside is more likely,” the analyst remarked.
- Bitcoin's 61-Day Streak Above $ 60K Threatened, $ 271M in Liquidations as BTC Nears Critical Threshold
Bitcoin prices experienced a notable decline on Tuesday, dropping more than 2% against the U.S. dollar in the last 24 hours, following a 7.8% decrease over the previous week. Global trading volumes on spot crypto exchanges have remained subdued, and in the past day, derivatives exchanges saw $ 271 million in both short and long positions liquidated.
Market Turbulence Continues as Over 95,000 Crypto Traders Liquidated
Bitcoin (BTC) fell to a Tuesday low of $ 59,629 on Apr. 30, but swiftly recovered, surpassing the $ 60,000 mark. To date in 2024, BTC has successfully ended the day above $ 60,000 for 61 days. A closure below this level would end its longest-recorded streak above this price point. Data reveal that spot trade volumes on numerous centralized exchanges were reduced in April compared to March. Specifically, trading volumes for bitcoin and ether alone have significantly declined since mid-April.
Currently, BTC is trading between $ 60,450 and $ 60,950 as of 9:30 to 10:30 a.m. Eastern Time on Apr. 30, 2024. It has contributed approximately $ 31.43 billion to the total $ 89 billion global trade volume recorded across the entire crypto economy in the last 24 hours. Ether transactions account for about $ 16.2 billion of this total. Recent data on derivatives liquidations show that $ 271 million in positions were eliminated yesterdayIn total, 95,167 traders faced liquidation, with the majority—$ 212.4 million—comprising long positions, and $ 60.58 million in short positions. Of the long positions, $ 83.78 million were in ETH, while $ 66.61 million were tied to BTC-centric bets. As the crypto economy navigates through these choppy waters, the enduring demand for bitcoin, coupled with the strategic movements of traders, suggests a cautious optimism in the face of current market uncertainties. The close of the month may prove crucial in determining the trajectory of its long-standing price stability.
In a communication to Bitcoin.com News, Etoro market analyst Simon Peters observed that “crypto price movements were fairly muted last week.” He also pointed out that BTC prices have retreated following net withdrawals from spot bitcoin exchange-traded funds (ETFs). “We’re still waiting for any significant volatility post-halving, however, the longer price stays around these levels, holding above the $ 60,000 mark, the stronger the narrative could become that support has formed and a move to the upside is more likely,” the analyst remarked.
- 💥 @TrustaLabs just released @zksync Airdrop analysis with rules of Arbitrum
🔗trustgo.trustalabs.ai/simulation?s=08
✅Paste wallet
✅Get score
🏆9 & above will be great
👨👨👧👦780k users above 9
📸What's your score, post screenshot in comments
👇One of my wallet
💙Like
🔁RT
- Bitcoin Sees Rise in Sell Calls Amid Expectations of Asian Institutional Boost
Over the past week, bitcoin has exhibited a downward trend, with its price stabilizing at around $ 62,950 to $ 63,125 per unit as of April 27. Despite this dip, the Crypto Fear and Greed Index remains firmly in the “greed” sector. According to Google Trends, interest in the term “bitcoin” has diminished, while the market intelligence firm Santiment reports an uptick in BTC sell signals.
Bitcoin Remains Above $ 60K for 58 Days Despite Slipping Interest and Bearish Signals
This weekend, bitcoin (BTC) remains confined within a specific range. BTC/USD charts indicate a “neutral” status across most oscillators, and the majority of moving averages suggest a continuation of the bearish outlook. On Saturday, the Crypto Fear and Greed Index (CFGI) hosted on alternative.me revealed that the sentiment of “greed” is still prevalent with a score of 69. Typically, a greedy sentiment in the CFGI suggests that the market could undergo a correction.
BTC has also experienced its longest period in 2024 with bitcoin’s value remaining over $ 60,000, lasting approximately 58 days. Post-halving, however, interest in bitcoin appears to be waning, as evidenced by Google Trends data, which shows a decline in searches for “bitcoin” from a high of 80 out of 100 on April 19 to a current score of 30.The downturn in interest began around April 21, based on 90-day statistics from Google Trends. Yet, related searches continue to probe for an unprecedented price high, with queries like “bitcoin all-time high” and “ATH bitcoin” appearing frequently in GT’s related queries list. On Friday, the market intelligence firm Santiment reported a noticeable increase in “sell calls” on social media, indicating a heightened push for selling BTC.
“Bitcoin’s price dropping as low as $ 63.4K has crypto traders spooked, as buy calls across social media are low and sell calls are peeking in at an increased rate,” Santiment posted on platform X. “When this level of FUD begins to sneak in, market recovery probabilities increase,” concluded Santiment’s market analysts
On the other hand, QCP Capital’s weekend brief notes that interest could pick up when Hong Kong’s spot bitcoin and ethereum exchange-traded funds (ETFs) launch next week. “There is a potentially positive catalyst next week as the [Hong Kong bitcoin and ethereum] spot ETFs begin trading,” QCP Capital said. “Interest is growing in what could be a gateway for the inflow of Asian institutional capital.”
- hello,everyone😀
- 💥 U can check your Lens profile score on Hey
🌿If u have lens profile check your score now 👇&post📸
🔗hey.xyz
✅Connect wallet
✅Go to profile
🪙Check score
🔢I got 505491
💱It's calculated based on your past interactions
🤔Points done
🪂Next?
💙Like
🔁RT
- Comic Book
Phaver: The future of Web3
#3 edition
@lens/dollowen
- Bitcoin To Send the Whole Crypto Market Flying Once BTC Breaks Out Above This Level, Predicts Top Analyst
A widely followed crypto analyst is expressing bullish sentiment on Bitcoin (BTC) days after the halving took place.
The analyst, pseudonymously known as Bluntz tells his 257,100 followers on the social media platform X that Bitcoin is preparing to break out according to price action on the two-hour chart.
Based on the pseudonymous analyst’s chart, Bitcoin appears to form a symmetrical triangle on the two-hour chart. Symmetrical triangle patterns can either be bullish or bearish – bullish if the price breaks out above the upper trend line and bearish if the price breaks down below the lower trend line.
According to the pseudonymous analyst, once Bitcoin overcomes the $ 67,000 resistance level, “I think the whole market flies”.
Bitcoin is trading at $ 66,455 at time of writing.
Bluntz also analyzes the Solana-based memecoin dogwifhat (WIF). According to Bluntz, WIF is on the cusp of a breakout after forming an ascending triangle for a period of two weeks on the four-hour chart.
Based on the pseudonymous analyst’s chart, it appears that the memecoin has also formed a three-wave pattern to the downside. According to the Elliott Wave theory, the main trend of the price of an asset moves in a five-wave pattern while a minor correctional trend moves in a three-wave pattern.
WIF is trading at $ 3.38 at time of writing.
The pseudonymous analyst also offers his take on the Pepe (PEPE) memecoin.
According to Bluntz, Pepe is accelerating upwards. Based on Bluntz’s chart, it appears that Pepe has completed a three-wave pattern to the downside. The three-wave pattern ended at the 0.618 Fibonacci retracement level, based on Bluntz’s chart.
In technical analysis, Fibonacci retracement levels, which are based on Fibonacci numbers, are used to determine potential support and resistance levels. It also appears from the chart that Bluntz’s upside target of around $ 0.000013 could see Pepe appreciate by around 66% from the current level.
- Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC
The world’s largest asset manager with $ 10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks.
IBIT: 70 Consecutive Days of Inflows, 274K Bitcoins
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has seen uninterrupted inflows for 70 consecutive days. IBIT stands at the forefront of the U.S. spot ETF landscape, commanding a dominant position among the 11 funds approved by the U.S. Securities and Exchange Commission (SEC) on Jan. 10. In its first-quarter earnings release, Blackrock reported record assets under management of $ 10.5 trillion.
Bloomberg ETF analyst Eric Balchunas posted on social media platform X Monday morning that IBIT was just one day away from joining the top 10 ETFs with the lengthiest daily inflow streaks. Following an inflow of $ 19.7 million on Monday, IBIT now enjoys 70 consecutive days of inflows.
Since its launch, IBIT has accumulated 273,892.57 BTC, amounting to an approximate notional value of $ 18.18 billion.The amount of bitcoin held by Blackrock’s Ishares Bitcoin Trust is close to that of Grayscale’s Bitcoin Trust (GBTC). GBTC has witnessed significant bitcoin outflows since its transition from a trust to a spot bitcoin ETF in January. As per Grayscale’s website, GBTC’s bitcoin holdings as of Monday totaled 304,220.4615 BTC.
Blackrock CEO Larry Fink recently expressed that he is “very bullish on the long-term viability of bitcoin.” He emphasized that Ishares Bitcoin Trust is “the fastest growing ETF in the history of ETFs,” adding that nothing has accumulated assets as swiftly as IBIT in ETF history. Fink also admitted to being pleasantly surprised by the remarkable retail demand, stating, “I’d never have predicted it before we filed it.”
- Today I got my first box gift in crypto! 😎
Thankss @lens/helicopter 🫂
I will be at Socios until @lens/phaver or @lens/lens sends me a box... FYI.. 😅
- 🎁 2 x Phaver-Up NFT Giveaway
I am giving 2 NFTs for the Genesis Edition @lens/phaver NFT Collection, which has only 2000 supply. 🚀
PHAVER token is close and these NFTs will be very valuable. Good luck everyone!
For raffle:
📌 Like + Mirror
📌 Write your Phaver Username in the comment
(If you do not have a Phaver account, download and register with cryptotelugu code)
📌 Follow me on Phaver (holdbtc.lens)
📌 Connect at least 1 NFT to Phaver (this is mandatory)
If you do not have an NFT to connect, you can find a free alternative from the link: https://phaver.gitbook.io/phaver-help-center/phaver-points-and-cred-score/anima-proof-of-personhood
⏳ Ends 28th April. (Winners will receive NFT as airdrop to their linked main wallet on Phaver within 1-3 days after the event ends)
- Gm
- Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record
Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s).
Bitcoin Hashrate Achieves New High as Halving Approaches
Just hours ahead of Bitcoin’s fourth halving, the network’s hashrate has set a new peak, reaching 653 EH/s on Friday—a 12 EH/s increase over the highest record set a week earlier. BTC miners are vigorously pursuing block height 840,000 to collect as many 6.25 BTC rewards as possible before they halve to 3.125 BTC.
141 EH/s.
Despite a spike in mining difficulty last week coupled with a notable price decline, the hashrate has persistently risen. Observers note that at its current growth rate, the hashrate might propel Bitcoin into the zettahash era within this cycle. One zettahash per second (ZH/s), or one quintillion kilohash per second (KH/s), is equivalent to 1,000 EH/s.
As of Jan. 1, 2024, the total network hashrate stood at about 512 EH/s, having climbed by 141 EH/s over recent months. In just the last three days, 438 blocks have been mined, with Foundry USA securing 126 of them.
Currently, Foundry holds a total hashrate of 187.59 EH/s, up from 140.26 EH/s in January—gaining an impressive 47.33 EH/s in the past 96 days. At the year’s start, Antpool led with 147.40 EH/s, now at 154.84 EH/s, showing a growth of 7.44 EH/s in the same period.
Viabtc’s hashrate stands at 89.33 EH/s today, up from 68.94 EH/s at the beginning of the year. Meanwhile, F2pool’s hashrate slightly dipped from 74.89 EH/s to 71.46 EH/s. Binance Pool experienced a modest increase from 22.58 EH/s to 23.82 EH/s, whereas Mara Pool’s hashrate decreased from 21.4 EH/s to 19.35 EH/s.
Should the hashrate maintain its current trajectory, the network could hit 1 zettahash per second around Dec. 11, 2024. Nonetheless, this halving and subsequent adjustments in mining difficulty could potentially temper the hashrate’s advancement.
- OMG, the $BONSAI LP mining rewards are starting, aren't they?! 🌱✨
I'm totally stoked to see all the cool features getting added and can't wait to watch it grow and thrive! 🚀💖
- Bitcoin Technical Analysis: Key Indicators Signal Bearish outlook
As bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market.
Bitcoin
Bitcoin’s (BTC) current trading price of $ 62,891 to $ 63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $ 61,773 and $ 64,414 over the last 24 hours. The substantial volume of $ 36.08 billion, coupled with a market capitalization reaching $ 1.23 trillion, indicates active trading sessions but with a bearish bias as suggested by the prevalent selling actions across several key moving averages and oscillators. The overall market sentiment leans toward caution, influenced by the dominant negative signals
The array of oscillator values presents a mixed view, where the commodity channel index (CCI) at -129 points toward a buying opportunity, potentially signaling an oversold condition. However, the relative strength index (RSI) at 41 and other neutral indicators, like the Stochastic and the average directional index, suggest a lack of momentum and directional clarity. Notably, BTC’s momentum and moving average convergence divergence (MACD) levels indicate strong sell signals, supporting the bearish sentiment prevalent in the market.The moving averages (MAs) on various time frames largely advise selling, with both exponential and simple moving averages from the 10-day to the 50-day timeframe indicating a sell bias. This is counterbalanced somewhat by the longer-term 100-day and 200-day averages, where buying signals are evident, suggesting that while short-term pressures are bearish, there may be underlying support for a longer-term upward trend if these levels hold.
The 1-hour chart shows bitcoin failing to break the resistance at the $ 64,636 mark, with a decline indicated by a series of lower closes, pointing to a short-term control by sellers. Traders would be wise to monitor for either a bullish reversal or further confirmation of bearish trends, especially around the critical support level of $ 61,654.
The 4-hour chart reveals broader price swings and a clear downward trend, suggesting bearish sentiment is not confined to shorter intervals. Resistance at $ 71,236 and support at $ 61,308 are pivotal for the next movements. Similarly, the daily chart indicates a definitive downtrend but with potential support around $ 60,760, offering a possible pivot for reversal if bullish signals emerge.
Bull Verdict:
Despite current bearish trends, bitcoin’s resilience at key support levels, particularly around $ 60,760, may herald a potential reversal. If buyers can consolidate strength and initiate a bullish pattern at this critical juncture, coupled with favorable indicators from long-term moving averages, there might be a robust opportunity for an upward trajectory. Traders should remain vigilant for signs of a momentum shift that could spark a bullish revival in the coming days.
Bear Verdict:
Bitcoin’s prevailing downtrend is corroborated by multiple technical indicators, from MAs suggesting continued sell signals in the short to medium term to oscillators that indicate a lack of buying momentum. The consistent formation of lower highs and lower lows across several timeframes paints a grim picture for the immediate future of bitcoin. Traders might consider preparing for further declines, especially if the price breaches the crucial support level at $ 60,760, potentially triggering a steeper sell-off.
- Bitmain Sets Release for L9 Miner, Promising 'Unchallenged' Efficiency in Scrypt Mining
According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte.
Bitmain Set to Launch L9 Scrypt Miner in May for Litecoin and Dogecoin Miners
Bitmain announced on Tuesday its plans to launch the new L9 Antminer in May. The company declared on social media that the forthcoming ASIC stands as an “unchallenged miner” for crypto assets like LTC, DOGE, and BEL. Currently, Bitmain’s L7 miner is sold out, delivering 9,050 MH/s and sporting an energy efficiency of 0.36 J/M. With prevailing crypto asset values and an electricity rate of $ 0.12 per kilowatt hour (kWh), the L7 generates an estimated $ 7 per day.
The upcoming L9 is set to offer 16,200 megahash per second (MH/s) or 16.2 gigahash per second (GH/s) in hashpower. It surpasses the L7 in efficiency, boasting an energy efficiency rate of 0.21 J/T. This enhancement suggests that, under the same electricity costs, the L9 could potentially double the daily earnings compared to the L7. However, Bitmain’s latest update on Tuesday left out pricing details for the upcoming L9 model.
Previously, the L7 model was priced at $ 6,335 each, dropping to about $ 4,435 with a Bitmain coupon before selling out. The release of the new miner coincides with the Litecoin (LTC) blockchain achieving a new peak in its hashrate, surpassing 1 petahash per second (PH/s). Specifically, the network hit a record of 1.75 PH/s on March 6, 2024, at block height 2,644,992.
Similarly, the Dogecoin (DOGE) network saw its highest hashrate at block height 5,150,193 on March 29, 2024, reaching 3.05 PH/s. Currently, both Litecoin and Dogecoin maintain hashrates of just over 1 PH/s for each network. Prior to the release of its latest L7, last month Bitmain introduced new Antminer S19 Pro units featuring a 15 J/T efficiency which produces 234 terahash per second (TH/s) per unit.
At present, an S19 Pro costs $ 6,318, or $ 4,423 with a company coupon. Leading mining rig producers, including Canaan, Microbt, Auradine, and Bitmain, are enhancing efficiency ratings with their newest offerings and are in thick competition. As of mid-April 2024, while SHA256 mineable coins rank as the fourth most lucrative, Scrypt coins are positioned sixth. Upon its official release, the L9 is set to become the most profitable Scrypt miner available on the market.
- Gm
- One🪨Six🐦Strategy
🪂 @modenetwork
🪂 @eigenlayer
🪂 @RenzoProtocol
🪂 @LayerBankFi
🪂Ionic
🪂Ironclad
💥2X boost on capital
💥2X Renzo points
💥1.2X overall Mode points
💰All with same capital
👇Steps
🔗ref.mode.network/THqgew
✅Connect wallet & X
✅Check welcome points
✅Bridge some ETH from mainnet
⛽10
🪙U earn points based on Capital used
🔗app.renzoprotocol.com/?ref=0xc5c408e…
✅Stake ETH
✅Get ezETH
🔗mode.layerbank.finance/bank
✅Supply ezETH
✅Borrow ETH
🔗app.renzoprotocol.com/?ref=0xc5c408e…
✅Stake borrowed ETH
✅Get ezETH
🔗app.ironclad.finance/points?referra…
✅Supply ezETH
✅Borrow ETH
🔗app.renzoprotocol.com/?ref=0xc5c408e…
✅Stake borrowed ETH
✅Get ezETH
🔗app.ionic.money
✅Supply ezETH
👇Now We earn
🪙Mode points
🪙Eigen points
🪙Renzo points
🪙LayerBank points
🪙Ironclad points
🪙Ionic points
🚨Do this only if u understand lending borrow risks
🚨U may have to pay interest for borrowed assets
🚨Expect slippage for ezETH to ETH swap
💙Like
🔁RT
https://twitter.com/CryptoTeluguO/status/1777677963435323448?t=qyQpqGVva9E0DhZutxB0oA&s=19
- $ 1,430,207 To Be Handed Out After Billion-Dollar Bank Suffers Data Breach – Here’s Who Qualifies As Claims Deadline Approaches
Over $ 1.4 million in settlement cash is about to be handed out to clients at a large US bank after a data breach compromised their privacy and security.
Webster Bank and several firms linked with it were accused of failing to protect the personally identifiable information of its customers during a data leak between November 27, 2022, and January 22, 2023.
The sensitive information leaked includes the social security numbers, financial account details and the full names of Webster Bank clients.
The bank uses the services of Guardian Analytics, which monitors financial transactions and was ultimately responsible for leaking the data of Webster Bank’s customers to an unidentified third-party hacker.
Webster and Guardian Analytics have not admitted any legal wrongdoing in the incident, but have agreed to a settlement of $ 1.4 million which is to be distributed to the bank’s clients.
Clients affected by the mishap have until April 24th to determine whether they’re eligible for cash payments and submit a claim through Webster Bank.
The final approval of the settlement will be held in a New Jersey court on April 23rd.
Banking titan Wells Fargo also said this month that it suffered a data breach that exposed sensitive information of at least two of its customers.
In a letter, the California-based financial giant says personal information and mortgage account numbers were exposed.
- No
- $ 100,000 Bitcoin Price Incoming if Correlation Between Crypto and Stocks Weakens, According to Santiment
The market intelligence platform Santiment believes Bitcoin (BTC) could soon hit $ 100,000 if the correlation between crypto and stocks decreases.
In a new video update, Brian Quinlivan, Santiment’s director of marketing, says Bitcoin may be diverging from the S&P 500, a historic bullish signal for the crypto king.
After the bad news about inflation, this could be a sign that crypto is diverging away from equities again and carving their own path. And in most extended bull runs throughout the history of crypto for 15-plus years we have seen that they most often occur when there is little to no correlation with the S&P.
It doesn’t have to be opposite like this, but if they kind of are moving in their own ways – good sign that we can continue forward, hit those $ 80,000, $ 90,000, $ 100,000 levels that many of the bulls out there are mentioning often.”
Santiment noticed the divergence between Bitcoin and equities Wednesday upon the release of fresh inflation data.
“Now looking at the comparison of Bitcoin versus the S&P and even gold, look at this big divergence that just happened [Wednesday]. The CPI report came out, equities got rocked as a result of some fear going on due to inflation being higher than experts were anticipating, but after an initial drop by Bitcoin, which was actually right before the announcement, this was people kind of anticipating that bad news might happen, the bad news was confirmed, but it quickly rebounded and went right back above $ 70,000 to where it is now at about $ 70,600.
The S&P is back down to where it was a week ago or so. So this is one of the rare times where we’re seeing a serious divergence. We kind of saw something similar in the opposite direction back in late March when Bitcoin dropped and the S&P stayed level during that time. Lots of reasons for these divergences, but pretty much for the last two years we’ve seen a pretty tight correlation between crypto and equities. So this is very applicable.”
- Anticipation Builds as Bitcoin Stands Less Than 1,400 Blocks From Monumental Halving
According to the latest data, we are now less than 1,400 blocks away from the anticipated Bitcoin halving event, which will decrease the block reward from 6.25 bitcoin to 3.125 bitcoin. Bitcoin’s value soared to a new all-time high on March 14, reaching $ 73,794 per bitcoin, but has since seen a 6.5% decline. Observers are now eagerly awaiting the outcome of the upcoming reward halving, wondering what the future holds for bitcoin’s valuation.
Tik Tok – Next Block
Lately, bitcoin’s (BTC) price has remained steady, fluctuating between $ 65,000 and $ 71,000. Impressively, 2024 has outdone the 2021 milestone by sustaining its value over the $ 60,000 mark for 42 straight days, eclipsing the earlier record of 40 non-consecutive days. Currently, at block height 838,601, there are precisely 1,399 blocks remaining until we reach block height 840,000, also known as the significant halving event. Upon reaching block 840,000, the fortunate miner that discovers that block will be rewarded with a total of 3.125 newly minted BTC.
The valuation of bitcoin has taken on a distinct narrative compared to its position in 2012, 2016, and even 2020. Typically, the exponential climbs in BTC’s value have been observed following previous halving events. Yet, over the last year, BTC has witnessed a 144% appreciation against the U.S. dollar. Contrary to the periods before the last two halvings, when Grayscale’s GBTC was the primary exchange-traded product absorbing the bitcoin supply, now there are ten additional products from major financial entities participating in the market. Beyond exchange-traded funds, BTC is now being accumulated by publicly traded companies like Microstrategy and Tesla, and even a Latin American nation.
In the lead-up to the previous halvings, BTC’s price levels were not hovering near record peaks. Even though BTC has seen a 6.5% decline from its recent peak, almost 90% of its holders are currently in a profitable position. This indicates that many investors who entered the market at the peak in 2021 have found opportunities to exit at or near breakeven, or even secure a profit. In contrast to previous halvings where bitcoin miners tended to sell off their BTC in anticipation of the event, this cycle shows miners retaining their bitcoin holdings. According to Cryptoquant data, miner reserves have remained fairly consistent over the past month as we approach the fourth halving
As the fourth Bitcoin halving event draws near, the crypto community stands on the brink of a potential paradigm shift. With the market exhibiting unprecedented stability and a broader acceptance of BTC across diverse sectors, the forthcoming reduction in block rewards represents more than just a technical adjustment. It could catalyze a further maturation of bitcoin’s market dynamics, influencing not only the strategies of miners and institutional investors but also the overall perception and utility of BTC in the global financial landscape. Amidst this backdrop, the resilience and adaptability of the blockchain’s scaling will be crucial in determining its trajectory in the post-halving era.
- Brad Garlinghouse Predicts Institutional Money Pushes Crypto Market Cap to $ 5 Trillion in 2024: Report
Ripple chief executive Brad Garlinghouse thinks macro factors could double the overall crypto market cap by the end of 2024.
Garlinghouse told CNBC recently that regulatory momentum and the newly approved spot Bitcoin (BTC) exchange-traded funds (ETFs) could drive a massive surge in crypto prices.
“I’ve been around this industry for a long time, and I’ve seen these trends come and go. I’m very optimistic. I think the macro trends, the big-picture things like the ETFs, they’re driving for the first time real institutional money.
You’re seeing that drives demand, and at the same time demand is increasing, and supply is decreasing. That doesn’t take an economics major to tell you what happens when supply contracts and demand expands.”
Garlinghouse says the overall crypto market cap is “easily predicted to double” by the end of 2024. The current market cap sits at $ 2.8 trillion but was hovering around $ 2.6 trillion when the CEO made his comments, according to CoinGecko.
Garlinghouse also predicts the US crypto sector will receive more regulatory clarity this year.
“The US is still the largest economy in the world, and it’s unfortunately been one of the more hostile crypto markets. And I think that’s going to start to change, also.”
- No
- Genesis Sells Grayscale Shares, Buys $ 2.17 Billion in Bitcoin for Customer Reimbursement
Following Genesis Global Capital’s receipt of authorization to divest its Grayscale fund holdings, reports disclose that Genesis executed the sale last week. The proceeds were then used to procure 32,041 bitcoin, aimed at reimbursing its clientele.
Genesis Liquidates Grayscale GBTC Holdings
According to Bloomberg Law, court filings dated April 2 reveal that Genesis liquidated approximately 36 million GBTC shares. The company sought Chapter 11 bankruptcy protection in January 2023, following adverse impacts from the downfall of key players in the cryptocurrency market in 2022, including the collapse of FTX and Three Arrows Capital (3AC).
In February 2024, Judge Sean Lane sanctioned Genesis’s plea to dispose of its holdings in Grayscale funds. Beyond the GBTC shares, Genesis’s portfolio included stakes in Grayscale’s Ethereum Classic Trust. Jonathan Randles of Bloomberg reports that the proceeds from the sale, amounting to 32,041 BTC, are earmarked for reimbursing customers.
As of Saturday, April 6, the value of the acquired BTC stands at $ 2.17 billion, based on the latest bitcoin exchange rates. Grayscale’s GBTC has significantly reduced its bitcoin holdings, from 617,079.99 BTC on Jan. 12, 2024, to currently possessing 325,686.78 BTC, valued at $ 21.9 billion. This indicates that within a span of 85 days, GBTC’s bitcoin reserves have decreased by 291,393.21 BTC, equivalent to $ 19.7 billion.
- Gm
- I have started a great giveaway for you below to win Phaver Genesis NFT (x4) 🎁
https://twitter.com/HeathleyETH/status/1776259504780227010?s=46