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- 📢We decided to go all in on @lens/bonsai!. We are convinced this will become the Lens Token or already is.
What this means is, our home page https://orna.art:
🔥 Shows top Bonsai creators
🔥 Shows top revenue Bonsai collects (click/touch view all!)
🔥 More highlighted Bonsai collects
But also
🔥 Stats has Bonsai as default https://orna.art/stats
🔥 Create collect option is Bonsai by default (matic,usdc,eth also supported)
Shill us your Bonsai collects below with orna.art links and we will highlight 3 more.
If this collect is collected over 50 times we will extend our @lens/lens stats section. Let´s do this! @lens/carlosbeltran @lens/stani @lens/christina @lens/krassenstein
Limited collect for 250 Bonsai. 25% for mirrors. Split revenue with @lens/paulburke
- 🥎🥎 BIRD NFT 🥎🥎 @lens/nasirhussain72
- Kayac Invests in Okinawa's J-League Club FC Ryukyu OKINAWA, Forming an Interesting Partnership | Interesting Corporation Kayac
-In addition to considering initiatives to contribute to the SDGs, such as local resource recycling, using the town's coins, we plan to collaborate with FCR coins, a cryptographic asset issued by FC Ryukyu.
https://www.kayac.com/news/2024/02/fcr
- 🎯Understanding The Symmetrical Triangle - Bullish breakout... 💥💥💥
🔅A symmetrical triangle is a chart formation where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle.
🔅What’s happening during this formation is that the market is making lower highs and higher lows.
🔅This means that neither the buyers nor the sellers are pushing the price far enough to make a clear trend.
🔅In the case of a Symmetrical Triangle chart pattern, the stop loss should be placed at the previous low of the pattern.
🔅The limitation for the target will be the previous resistance level which was formed before by the price action.
#Trading
#Crypto
#Stock
#Forex
- Goldman CEO's 23-year compensation 4.6 billion yen, up 24% despite lower profits - Nikkei
-Goldman Sachs announced on April 16 that it has increased CEO David Solomon's annual compensation for 2023 to $ 31 million (¥4.65 billion), an increase of $ 6 million (24%) from the previous year.
https://www.nikkei.com/article/DGXZQOGN16E6M0W4A210C2000000/
- Robert Kiyosaki Expects Bitcoin to Take off — Foresees Gold Crashing Below $ 1,200
Rich Dad Poor Dad author Robert Kiyosaki has predicted that bitcoin and silver will take off while gold will crash below $ 1,200. He urges investors to prepare for the “biggest crash in history” which he forecasted in his book years ago. Emphasizing that the Federal Reserve is “destroying” the U.S. economy, he advised: “Rather than trust the Fed, I prefer to trust gold, silver, and bitcoin.”
Robert Kiyosaki Expects Bitcoin to ‘Take Off’
The author of Rich Dad Poor Dad, Robert Kiyosaki, returned to social media platform X this week to express renewed concerns about the U.S. economy and potential crashes while offering predictions about gold, silver, and bitcoin. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
On Wednesday, Kiyosaki shared on X a question by Andy Schectman, CEO of Miles Franklin Precious Metals Investments and a frequent guest on his Rich Dad show. “Andy Schectman asks a very important question. ‘Who is going to buy U.S. bonds?'” Kiyosaki wrote, adding: “Banks are buying gold, not U.S. debt. How will America run without money? How will the world run without money? What will the world do?” The famous author continued:
Gold is going to crash possibly below $ 1,200. Silver will take off as will bitcoin.
At the time of writing, the price of gold is $ 2,013.20 per ounce, silver is $ 23.41, and bitcoin is trading at $ 51,921.53.
On Monday, Kiyosaki commented on how some financial advisors are now offering spot bitcoin exchange-traded funds (ETFs) to clients. “Finally a few financial planners are recommending investing in gold, silver, bitcoin,” Kiyosaki wrote, adding: “Why have financial planners not recommended investing in hard assets earlier?” Answering his own question, he detailed: “$. Money Baby!!! Commissions!!! Gold has beaten the S&P for decades. The S&P is about to crash by 70%. Don’t be a loser. Choose your financial advisors carefully. Prepare for [the] biggest crash in history … a crash I forecasted in my book ‘Rich Dads Prophecy’ years ago.”
On Thursday, Kiyosaki slammed the Federal Reserve on X. “Sick and tired of hearing ‘experts’ ask: ‘What is the Fed doing?’ The Fed is the problem. The Fed is a criminal organization. The Fed has destroyed the economy, made the poor and middle class poorer, and bailed out their rich banking friends. Wake up. Pay less attention to what the Fed is saying and what the Fed is doing. Again, the Fed is a criminal organization,” he opined. Despite expecting the price of gold to crash, the renowned author stressed:
Rather than trust the Fed, I prefer to trust gold, silver, and bitcoin.
Last month, Kiyosaki warned investors about the U.S. government’s ballooning debt, urging them to buy BTC. He recently explained why he owns bitcoin, emphasizing that the cryptocurrency protects “against the theft of our wealth via our money.” Following the approval of spot bitcoin ETFs, the famous author revealed that he increased his bitcoin holdings. He believes BTC will soon hit $ 150K, advising investors to pay attention to the upcoming Bitcoin halving
- Prominent investor Peter Thiel's fund buys Bitcoin and Ethereum = Reuters
-The Founders Fund, a U.S. venture capital firm co-founded by prominent investor Peter Thiel and others, has invested in the virtual currencies Bitcoin (BTC) and Ethereum (ETH) in 2023.
https://coinpost.jp/?p=510672
- Crypto Economy Hits $ 1.9 Trillion on Valentine's Day Surge: DYM, STX, and SEI Lead GainsAt the time of writing, the value of the crypto economy has reached $ 1.93 trillion, with bitcoin alone accounting for $ 1 trillion of this total. Bitcoin and ethereum have experienced increases of 4.2% and 5.3%, respectively. Meanwhile, a few crypto assets have posted even more significant gains against the U.S. dollar. DYM surged by 16.8%, STX soared 16.1%, and SEI enjoyed a 15.5% uptick in the last 24 hours.
Bitcoin, Ethereum, and Several Altcoins See Robust Gains
On Feb. 14, 2024, also celebrated as Valentine’s Day, the crypto economy saw a 3.51% rise from the previous day, totaling a valuation of $ 1.93 trillion. BTC reached a peak of $ 52,093 on Wednesday before sliding back, just below the $ 52K threshold. At 7:21 p.m. Eastern Time on Wednesday evening, the price of bitcoin is back above the $ 52,000 range.
Despite this, the leading digital currency has climbed 4.2% today and now commands 52.5% of the crypto market’s total value. ETH’s price has reached $ 2,780 per unit, marking a 5.3% rise, with its market capitalization holding a 17.2% share of the crypto economy.
Among the top performers of the day, dymension (DYM) stood out, registering a 16.1% increase against the greenback. With the inclusion of DYM, five cryptocurrencies experienced double-digit growth on Wednesday.
Stacks (STX) leaped by 16.1%, sei (SEI) climbed 15.5%, and manta network (MANTA) increased by 11.5%. In the same 24-hour timeframe, immutable x (IMX) also enjoyed an 11.3% uptick in its price.Overall, 28 distinct digital currencies recorded gains of more than 5% against the dollar in Wednesday’s trading sessions. Additional crypto assets that stood out for their performance include VET, BONK, JUP, FLOW, BGB, MNT, and TAO.
The day’s top trade volumes went to solana (SOL), binance coin (BNB), and xrp (XRP). On Wednesday, just four cryptocurrencies experienced downturns, with astar (ASTR) topping the list of decliners.
ASTR fell by 3.1%, cosmos (ATOM) decreased by 1.3%, and frax shares (FXS) dipped slightly by 0.31% against the dollar. Throughout the day, the cryptocurrency market recorded a global trade volume of $ 83.14 billion.
Apart from ETH and BTC, a notable number of short positions in various altcoins were also observed, including the elimination of $ 7.10 million in SOL shorts. Additionally, significant short positions in DYM, PYTH, AVAX, BCH, and IMX were wiped out.
- Skybridge Founder Says It's Not Too Late to Buy Bitcoin — Foresees 'Face-Ripping Rally Incoming
Skybridge Capital founder Anthony Scaramucci has explained that it is not too late to buy bitcoin. With bitcoin’s price surging past $ 50,000, he anticipates that many are wondering if they’ve missed the opportunity to buy the crypto. Scaramucci stressed that his answer is a hard “no.”
Anthony Scaramucci: Bitcoin Is Still a Good Buy
Skybridge Capital founder Anthony Scaramucci has maintained that it’s not too late for investors to buy bitcoin despite BTC’s price exceeding $ 50,000 on Monday. Scaramucci detailed on social media platform X:
With bitcoin back over $ 50k, average investor again wondering: ‘did I miss buying opportunity?’ Answer is hard ‘no.’
The Skybridge founder cited three key factors that he believes will drive bitcoin’s price upwards: falling interest rates, which can make assets like bitcoin more attractive, rising demand for spot bitcoin exchange-traded funds (ETFs) bringing “billions in new flows” to the market, and the upcoming Bitcoin halving in approximately two months.
Scaramucci emphasized:
Face-ripping rally incoming IMO.
Scaramucci stated in January, that he expected BTC to soar above $ 170,000 next year if the price of the cryptocurrency stays at current levels until the halving in April. He said: “If bitcoin is at $ 45,000 on the halving, where it roughly is right now, it’ll be $ 170,000 by mid-to-late 2025.” At the time of writing, BTC is trading at $ 49,653.97.
Moreover, he predicted significant capital inflow from Wall Street into spot bitcoin ETFs, which the U.S. Securities and Exchange Commission (SEC) approved on Jan. 10. He also stated that the exponential growth of wallets and adoption of bitcoin globally will drive BTC prices higher through 2024. Scaramucci previously said that bitcoin investing “is a buy and hold strategy,” adding: “I would just recommend to people that they hold it.”
- BITCOIN ETFs are SUCKING UP 10X MORE BTC THAN MINERS CAN PRODUCE
Spot Bitcoin ETF inflows have outpaced the amount of production from miners by over ten times over the past two trading days.
https://cointelegraph.com/news/bitcoin-etfs-scoop-10-x-more-btc-than-mined
- Play with Beaut... Let the Game come to You 💥
- CryptoPunks Reveals Details For Its Punk In Residence Incubator Program + More NFT
NewsIn NFT news today, after a couple of days of increasing non-fungible token (NFT) sales volume, the market is back in red.
According to CryptoSlam, the sales volume is down nearly 13% over the past day to $ 42,137,944.
Buyers, sellers, and transactions are all down by just above 30%.
Looking at the top ten collections per sales volume, we find a mixed picture. Pudgy Penguins saw the biggest increase in the last 24 hours, by 242% to $ 1.5 million.
The highest drop was Nobody’s 75% to $ 719,751.
Pandora has remained in first place on the list with $ 14.98 million – substantially higher than the second-placed CryptoPunks’ $ 1.8 million.
As for the top ten blockchains over the past day, the most notable changes are with Ethereum and Solana. Ethereum is, expectedly, still in first place, but with a higher-than-usual daily volume of $ 28.6 million.
After nearly exiting the top ten list altogether following an outage, Solana is back in the top five. It currently sits in fourth place with $ 1.13 million, despite an 80% drop.
In other NFT news today, Yuga Labs shares details about its Punk In Residence program, Magic Eden announces the Creator’s Alliance, and Supervillain Labs and Aptos Labs partner on UX-rich Web3 gaming experiences.
CryptoPunks Reveals Details for its Punk In Residence Incubator Program
Yuga Labs, the team behind major collections CryptoPunks, Bored Ape Yacht Club (BAYC), Otherside, Meebits, and 10KTF, has revealed details on its new incubator program named Punk in Residence.
According to the press release, Punk in Residence will work with two artists per year. Web3 background isn’t required.
Participating artists may live and work from anywhere. They will receive ongoing mentorship, technical guidance, and production support as they create new pieces in collaboration with Yuga Labs and the CryptoPunks team.
Artists are free to interpret the definition of Punk from their own point of view via the medium of their choosing. “Yuga Labs will provide the technical expertise to bring these creations to the blockchain, pushing the intersection of culture and code,” it said.
Nina Chanel Abney will be the inaugural artist. Her work is featured in collections around the world, including the Whitney Museum of American Art, the Brooklyn Museum, The Rubell Family Collection, the Bronx Museum, the Dallas Museum of Art, and the Museum of Modern Art, New York.
Abney and CryptoPunks plan to exhibit the joint collection later this year. Subsequently, it will go on sale to the public on Magic Eden, the only marketplace that honors creator royalties.
“Abney and subsequent participating artists, will share equally with Yuga Labs in the financial success of sales of their digital releases to the public,” it added.
And speaking of Magic Eden and Yuga Labs…
Magic Eden Announces the Creator’s Alliance
In other NFT news today, Magic Eden has revealed a new alliance between major projects in the NFT space.
The Creator’s Alliance is “a coalition of the top NFT projects in web3, who are focused on promoting a sustainable royalty framework to empower creators and grow the NFT ecosystem,” it said.
Together, the collation members plan to advocate for a better industry that safeguards creators and encourages innovation.
It will support marketplaces that enable creators to earn royalties at the rate they set.
The members include: Yuga Labs, RTFKT, Pudgy Penguins, Azuki, 0N1 Force, Sugartown (Zynga), DeGods/y00ts, Doodles, Neo Tokyo, Animoca Brands, Creepz, Pixelmon, Wildcard, San FranTokyo, Forgotten Runes, Frame, Adidas, Hytopia, Rekt Guys, ThankYouX, Okay Bears, World of Women, Valeria Games, DeadFellaz, Cyber Kongz, Crypto Ninja Partners, A Kid Called Beast, Army Of Fortune, RENGA, Quirkies, Random Character Collective (Invisible Friends), Degen Toonz, Killabears, Cryptoon Goonz, Steady Stack, Alien Frens, Rug Radio, The Doge Pound, and Truth Labs
Yuga and Magic Eden have also invited other projects to join the cause. “It starts with the Creator’s Alliance and builds with the launch of the ME marketplace with Yuga Labs,” it said.
The initiative is an Ethereum-focused alliance in line with the upcoming marketplace launch. Magic Eden “happily supports pNFTs on Solana as a sustainable way for creators to earn royalties,” the team said.
Supervillain Labs and Aptos Labs Partner on UX-Rich Web3 Gaming Experiences
Aptos Labs, the team behind the layer-1 blockchain Aptos Network, has announced an investment in and partnership with game studio Supervillain Labs, per the announcement.
Supervillain Labs will collaborate with other Aptos ecosystem projects to develop original games. In the first of these games, titled Supervillain: Idle RPG, Aptos-native NFT projects, including Aptos Monkeys, Aptomingos, and Bruh Bears, will be represented as characters.
Participants who complete the Supervillain Suitability Test will also receive an “Ambassador Badge” NFT and a “Villain Character” NFT based on the participant’s personality type to use within the game.
A game demo of Supervillain: Idle RPG will be available on Aptos towards the end of February
The Supervillain Labs team chose to build its gaming presence on Aptos for the second time. Supervillain Labs can utilize peerless features of the Aptos blockchain, including Parallel Execution, which allows for millions of simultaneous transactions within each game, and the Aptos Digital Asset Standard, which facilitates efficient distribution, management, and operation of gaming assets across casual and core MMORPGs.
Supervillain Labs and Aptos Labs will also collaborate with Intella X, a web3 arm of gaming giant Neowiz.
- Warm welcome to Mittaria frens joining Phaver holder's community! 💫💜
🔥To celebrate, we’re raffling 7 Whitelist spots for Way to Gods mint 👀 + 2.5k Phaver Points each.
To enter ⤵️
1️⃣Follow Phaverapp & Mittaria_Origin on X
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- Bitcoin in this cycle is exiting the bear market faster than in the past
- Current BTC is down 40% from its highs, while at the same stage it was down 65% in the first half-life cycle and 80% in the second
- In the last two bear markets, it took BTC 1,000 days to regain its all-time highs, but this time it may be sooner
- #Pyth
📦 If you stake Pyth, participate in voting here...
🔗 https://app.realms.today/dao/PYTH/proposal/3p1QGWmUn9NfcY5gan1GDBAeUKjpGynBrvuXyVxbAfqD
https://app.realms.today/dao/PYTH/proposal/3p1QGWmUn9NfcY5gan1GDBAeUKjpGynBrvuXyVxbAfqD
- 🥎Solana (SOL) 💎Whales 💎Transfer $ 180 💎Million💎 in Mysterious 💎Moves🥎👇
https://coinmarketcap.com/community/articles/65c0b75b7147b27d37feb6fb/
- Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC
Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,” Coinbase’s analysts detailed.
Coinbase’s Crypto Outlook
Cryptocurrency exchange Coinbase (Nasdaq: COIN) published its “Weekly: Constructive Outlook” report on Friday, offering its insights on BTC’s future trajectory. Report authors David Duong, Coinbase’s head of institutional research, and David Han, the crypto firm’s institutional research analyst, explained:
Many technical factors pressuring bitcoin specifically (and crypto more broadly) are starting to be exhausted, in our view.
“This is evidenced by the liquidations at FTX (disposing of their Grayscale Bitcoin Trust or GBTC shares, for example) as well as the emergence of some large defunct entities from bankruptcy. Indeed, net inflows into U.S. spot bitcoin ETFs have averaged more than US$ 200M daily over the last week (taking the total net inflows to $ 1.46B since January 11) with a healthy daily volume of ~$ 1.35B,” the Coinbase analysts described.
“We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which could be supportive for performance,” they shared
The report also discusses the U.S. economic outlook. It explains that the probability of a soft landing appears to have increased compared to a few months ago, as the U.S. economy seems to be making minimal tradeoffs between activity and inflation. The Coinbase analysts believe that the disinflationary trend will persist, and anticipate the Federal Reserve to cut interest rates by 100 basis points this year. This projection contrasts with the 75 basis points suggested in the dot plot and the nearly 150 basis points priced into Fed funds futures. They concluded:
We expect rate cuts in the U.S. to start in May and the tapering of quantitative tightening soon after, coinciding with idiosyncratic events like the bitcoin halving and creating a positive setup for the asset class more broadly.
- Monex, Inc. 3Q results; Coincheck and other virtual currency businesses return to profitability.
https://coinpost.jp/?p=508303
- Ripple's $XRP fell more than 5% after ZachXBT posted that the hack caused losses of about 16.6 billion yen ($ 112.5 million)
https://www.coindesk.com/business/2024/01/31/ripples-xrp-drops-5-amid-report-of-potential-112m-hack/
- I thought Kuroneko Yamato finally started delivering to NFT.
SBINFT and Yamato Transport collaborate to streamline delivery of NFT benefits (actual products) and other items.
https://coinpost.jp/?p=507736
- Billionaire Tim Draper Doubles Down on Bitcoin — Foresees Moment When People Won't Want Dollars Anymore
Billionaire venture capitalist Tim Draper has doubled down on bitcoin and his price prediction of the crypto. “I think that there’s going to be a moment where there’s a run on the banks,” he cautioned, adding: “I actually think that there will be a moment in time when I can buy my food, clothing, and shelter all in bitcoin. And people won’t want dollars anymore.”
Tim Draper on Government and Bitcoin
Billionaire venture capitalist Tim Draper discussed his bitcoin outlook in an interview with Bloomberg on Tuesday. Draper is famous for his $ 250,000 bitcoin price prediction. When the price of BTC was $ 400, he predicted that it would take four years for it to reach $ 250K. Draper admitted that his prediction missed the mark because he underestimated several crucial factors.
“A few things I didn’t expect. I didn’t expect the U.S. government to be so paranoid about it [bitcoin]. I expected the U.S. government to figure out how to tax it and figure out how to allow people to do business with bitcoin as their base currency. And it’s happened in a number of other countries, and that’s why bitcoin is doing so well … So I miscalculated on how … scared the government, the U.S. government was,” Draper detailed, emphasizing:
And now, they realize that bitcoin’s actually better for everyone.
“It keeps perfect records,” he elaborated, noting that criminals who used bitcoin “were all caught, so using dollars is probably better for a criminal
Draper further shared: “I think that there’s going to be a moment where there’s a run on the banks the way after the Civil War there was a run on Confederate money, and there was a run on the Greek drachma and a run on the French franc when they became a part of the euro.” In conclusion, the billionaire investor opined:
I actually think that there will be a moment in time when I can buy my food, clothing, and shelter all in bitcoin. And people won’t want dollars anymore.
- Welcome to Neo Tokyo Punks NFT collection as the newest edition to Phaver Cred🇯🇵
"Taking the first step with courage is what is praised, and the path to being the main character starts with small steps."
NTP holder community is now live 🪂
Keep Phavering Fam 💜
- Peter Brandt Highlights Bitcoin Price Pattern Key to Keeping BTC's Bull Trend Healthy
Veteran trader Peter Brandt has highlighted a bitcoin price pattern that frequently appeared in past major bull runs. “It is the Hump …Slump …Pump… Dump [HSPD] that keeps a bull trend healthy,” he explained, emphasizing: “Study past major bull runs in bitcoin and you will discover they were replete with HSPDs.”
Bitcoin Bull Runs and HSPD Pattern
Veteran trader Peter Brandt shared his observation about bitcoin’s price pattern he called the “Hump, Slump, Pump, Dump” (HSPD) on social media platform X Sunday.
“The old ‘Hump with a Slump then a Pump and a Dump’ is back — and this is the price behavior that separates Chumps from their money,” the trader described. “Study past major bull runs in bitcoin (BTC) and you will discover they were replete with HSPDs. The Chumps FOMO [fear of missing out] buy the Pump only to puke out their purchases with the Dump.” Brandt opined:
It is the Hump…Slump…Pump…Dump that keeps a bull trend healthy. Let’s see if HSPD works its magic once again.
Brandt regularly provides analysis of bitcoin’s price. He has also made several bullish statements about the cryptocurrency. On Jan. 18, he wrote on X: “I have a macro bias in bitcoin in a very broad sense — that BTC is a best candidate to be a tremendous store of value against the destruction of fiat.” On Jan. 6, he wrote: “Bitcoin is primary a store-of-value IMO and still has massive opportunities to appreciate. I think everything is junk, including ETH.”
However, the trader is skeptical about the impact of the Bitcoin halving on the price of BTC. On Dec. 21 last year, he explained on X: “The Bitcoin halving hype is a whole lot of excitement over nothing. Sure, halving hype might temporarily impact price. But the reduction of supply as % of daily volume is the size of a gnat’s ass.”
- Bitcoin Selling Pressure Heading to Ease as GBTC Profit Taking Ends: JPMorgan
-Analyst led by Nicholas "With $ 4.3 billion already flowing out of GBTC, GBTC profit taking is almost over" and "Most of the downward pressure on bitcoin was due to that."
https://www.coindeskjapan.com/217565/
- 🎯 Understanding The Bullish Trend Reversal for seasoned Traders... 👌💙💜
A bullish trend reversal refers to a shift in the market sentiment from bearish (downward) to bullish (upward). It indicates a potential change in the direction of an asset's price movement.
It's important to note that trend reversals are not guaranteed, and it's always advisable to conduct thorough analysis and consider multiple indicators before making any trading decisions.
#Trading
#Crypto
#Stock
#Forex
- 𝔹𝕦𝕝𝕝𝕚𝕤𝕙 🐂 🚀🚀🚀🚀
𝕁𝕌𝕊𝕋 𝕀ℕ: 𝕋𝕠𝕡 𝟝 𝕤𝕡𝕠𝕥 #𝔹𝕚𝕥𝕔𝕠𝕚𝕟 𝔼𝕋𝔽𝕤 𝕥𝕠𝕥𝕒𝕝
𝕧𝕠𝕝𝕦𝕞𝕖: 𝕠
𝔾𝕣𝕒𝕪𝕤𝕔𝕒𝕝𝕖: $𝟙𝟚.𝟞 𝕓𝕚𝕝𝕝𝕚𝕠𝕟
𝔹𝕝𝕒𝕔𝕜ℝ𝕠𝕔𝕜: $𝟜.𝟠 𝕓𝕚𝕝𝕝𝕚𝕠𝕟
𝔽𝕚𝕕𝕖𝕝𝕚𝕥𝕪: $𝟜.𝟚 𝕓𝕚𝕝𝕝𝕚𝕠𝕟
𝔸ℝ𝕂 𝟚𝟙𝕊𝕙𝕒𝕣𝕖𝕤: $𝟙.𝟛 𝕓𝕚𝕝𝕝𝕚𝕠𝕟
𝔹𝕚𝕥𝕨𝕚𝕤𝕖: $𝟟𝟘𝟚 𝕞𝕚𝕝𝕝𝕚𝕠𝕟
#𝔸𝕃𝕋 #𝕌𝕄𝔸 #𝕊𝔸𝕋𝕊 #𝕄𝔸ℕ𝕋𝔸 #𝔹𝕋ℂ
- Swan Bitcoin Unveils Stealth Mining Operations, Eyes 8 EH/s Goal by 2024 Amid Industry ExpansionThe Los Angeles-based firm Swan Bitcoin recently revealed its covert bitcoin mining operations, initiated in the summer of 2023. The company shared on Thursday its anticipation of achieving 8 exahash per second (EH/s) by March 2024. Up to this point, Swan’s mining subsidiary has successfully mined 750 bitcoin.
Swan Mining Breaks Cover, Sets Sights on Hashpower Expansion
Swan Bitcoin, specializing in bitcoin-centric financial services, recently emerged from stealth mode with its BTC mining subsidiary, Swan Mining. Swan reports that its mining activities currently boast 4 EH/s of hashpower, with plans to expand this capacity by March 2024. “The unit has purchased and taken delivery of mining equipment that will bring its total capacity to more than 8 exahash, expecting full deployment by March,” the firm stated on Thursday.
Since its inception, Swan Mining has forged “several major strategic partnerships with major industry players,” as outlined by the company’s announcement. The update omits specifics regarding the industry collaborators, the varieties of mining units utilized, or the location of its facility. Swan has reported that since the start of its mining operations, the company has successfully mined 750 BTC.
“Swan Mining developed and deployed at warp speed,” said Rapha Zagury, CIO at Swan and head of Swan Mining. “Our understanding is that this is the fastest-ever initial deployment of hashrate at this scale in Bitcoin history. We are proud to play a role in keeping bitcoin mining decentralized,” Zagury added
Swan’s foray into the sector coincides with a competitive rush to acquire new mining units and enlarge facilities. Over the past six months, companies have invested heavily in acquiring tens of thousands of BTC mining rigs from leading producers such as Canaan, Bitmain, and Microbt. Roughly 87 days are left until the forthcoming fourth Bitcoin network halving, an event that will reduce the block reward from 6.25 BTC to 3.125 coins per block post-halving.
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- Pantera Capital Says Current Crypto Bull Run ‘Remarkably Different’ From 2021 – Here’s WhyAn American hedge fund and investment firm that specializes in digital assets says the current crypto bull market is unlike the bull run from three years ago.
In a new blog post, Pantera Capital liquid strategies portfolio manager Cosmo Jiang and head of content Erik Lowe say that 2021’s bull run was in part driven by “speculative froth.”
This rally is remarkably different from the previous one.
The 2021 peak saw a massive churn in the top tokens. Fourteen of the top-20 tokens at the peak of the 2017 ICO (initial coin offering)-lead boom dropped out of the top-20 soon after. They fell a long way. Thirteen of those fallen tokens now average #123 – by market capitalization. (Tron is the only project that dropped out of the top 20 and returned.) In hindsight, one can say that was speculative froth and hype on unproductive tokens.”
According to Pantera, the top coins in this year’s bull cycle have a constancy that makes this bull run distinct from 2021’s run.
“The fourteen tokens that fell out of the 2017 top-20 were all replaced by tokens that didn’t even exist at the time of the prior peak. That’s wild. Pure creative destruction.
What’s been interesting about this rally is how little change there has been. It’s the polar opposite of the previous cycle.
This time all of the top six – which account for 83% of market capitalization – are the same. Eight of the top 10 are the same. Fourteen tokens stayed in the top 20.”
The digital assets hedge fund points out that there has been only one stronghold throughout the market cycles, the dominance of Bitcoin (BTC).
“Over all those cycles, Bitcoin is the constant… In the twelve years since Litecoin launched, only four tokens have held the #2 position: Litecoin, XRP/Ripple, Ethereum, and Bitcoin Cash. Bitcoin Cash only held it for one day! Bitcoin has always held the title belt.”
- Another alpha-packed AMA tomorrow at 12PM UTC. Set a reminder & see you there Frens 💜 ⤵️
https://twitter.com/phaverapp/status/1749351474851905605
- Tether Purchases About 8,900 BTC (worth about $ 55.1 billion), Maintains 11th Largest Bitcoin Holding: Report
-Tether Inc. increased its bitcoin (BTC) holdings at the end of the fourth quarter, purchasing an additional 8888 BTC for $ 380 million (about ¥55.1 billion, equivalent to ¥1.50 per dollar), The Block reported.
https://www.coindeskjapan.com/216669/