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2024-07-31 04:55:53

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

2024-07-17 13:11:00

- reply

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

2024-07-17 08:26:27

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

2024-07-14 04:16:31

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#InvestingTips #StockMarket #CryptoNews #GoodMorning

2024-07-13 03:40:54

- reply

Thank you....

2024-07-13 03:38:01

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

2024-07-12 09:00:42

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

2024-07-09 07:53:33

Approximately $687 Million 💵
12,000 Bitcoin in One Day: German Authorities Conduct Largest Sale Yet 🚀
https://m.primal.net/JLQD.webp
In a single day, over half a billion dollars: The Federal Criminal Police Office (BKA) in Saxony has sold more Bitcoin than ever before, half of the "Saxon Treasure" is now gone.
The sale continued briskly at the BKA in Saxony: yesterday, on July 8th, a total of 12,000 Bitcoin were sold.
This information comes from Arkham Intelligence data.
The equivalent value: approximately $687 million.
This is the largest sale Saxony has made in one day.
It is assumed that the authorities are selling their BTC off-exchange, through so-called OTC desks.
Bitcoin fell by about two percent over the course of the day.
However, the cryptocurrency has since recovered, gaining almost four percent.
The BKA's coins originated from the alleged operators of the illegal streaming platform movie2k.to. The proceedings against a 40-year-old German and his 37-year-old accomplice from Poland are still ongoing.
Speaking to BTC-ECHO, the agency merely stated, "The proceeds from confiscated values flow according to Section 60 of the Criminal Execution Code to the respective state treasury where the competent court is located."
The BKA now has about 27,000 Bitcoin remaining. Originally, there were 50,000 Bitcoin. 📉🔍
#btc #money #crypto #hodl #invest #trading

2024-07-07 08:00:02

- reply

thx ;-)

2024-07-05 10:17:55

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

2024-07-05 03:06:32

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

2024-07-04 12:36:23

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

2024-07-02 03:53:15

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

2024-06-30 07:55:04

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

2024-06-28 02:42:23

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

2024-06-27 04:05:35

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

2024-06-26 10:17:17

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

2024-06-25 08:05:16

- reply

We suspect that not only BTC will be affected, but all cryptos that are traded equivalently with BTC...

2024-06-25 07:52:50

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

2024-06-25 02:48:03

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

2024-06-24 16:57:50

🚀 Join us on this incredible journey with the Spectraal Project, an AI-driven trading bot (early beta) designed to maximize your profits in the crypto market!
Proven high-performance trading strategies make it an ideal investment opportunity."💰 More news coming soon.....
https://m.primal.net/Iqik.mp4
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2024-06-22 14:44:51

Bitcoin (BTC) Price Prediction and Investor Guide (June 22, 2024 - July 6, 2024)
Statistical and Time Series Analysis:
The provided Bitcoin price data from June 15, 2024, to June 22, 2024, shows a mean price of $65,212.44 with a standard deviation of $777.78. Applying the ARIMA model, the forecast for the next 7 days indicates a slightly bearish trend, with prices expected to range between $63,500 and $64,800.
https://m.primal.net/ItzO.webp
Linear Regression Trend:
The linear regression analysis suggests a downward trend for the upcoming 7 days, with a projected price decrease of 1.2% from the current price of $64,302.31 on June 22, 2024.
Sentiment Analysis Summary:
The sentiment analysis of Bitcoin reveals a neutral to slightly negative market sentiment. The recent price fluctuations have caused some uncertainty among investors, but the overall sentiment remains relatively stable.
Volatility Summary:
Bitcoin demonstrates low to moderate volatility, with an average 7-day volatility of 1.8%. This level of volatility is expected to persist in the short term, with potential price fluctuations ranging from -2% to +2% of the current price.
Investor Summary:
Long-term Investment:
Entry price range: $63,000 - $64,000
Exit price range: $70,000 - $75,000
Investment horizon: 6-12 months
Projected return: 10-17%
Short-term Investment:
Entry price range: $63,800 - $64,200
Exit price range: $64,500 - $65,000
Investment horizon: 7-14 days
Projected return: 1-2%
Risk Management:
Implement stop-loss orders at 5-7% below entry price
Diversify portfolio by allocating no more than 30% to Bitcoin
Technical Analysis:
Support levels: $63,000, $62,500
Resistance levels: $65,000, $66,000
RSI: Currently at 48, indicating a neutral market condition
Market Sentiment:
The market sentiment is neutral to slightly negative
Investors remain cautious due to recent price fluctuations
Positive developments in the cryptocurrency market could improve sentiment
Conclusion:
Short-term investors may consider entering at $63,800 - $64,200, targeting $64,500 - $65,000 within 7-14 days
Long-term investors should consider accumulating Bitcoin at prices below $64,000 for a potential 10-17% return over 6-12 months
Monitor market sentiment and technical indicators for optimal entry and exit points
The 7-day trend analysis indicates a potential price decrease of 1.2%, while the 14-day trend suggests a range-bound market with a chance of recovery. Based on the analysis, the current price levels offer a good opportunity for long-term investors to accumulate Bitcoin. Short-term investors should exercise caution and closely monitor market sentiment and technical indicators for optimal entry and exit points. As always, investors should conduct their own thorough research and invest responsibly within their risk tolerance.

2024-06-22 14:35:15

#Bitnews.Today: The Next Big Crypto Thing in 2024/25
Artificial Intelligence
At the same time, crypto analyst Miles Deutscher points to the potential of merging Artificial Intelligence and cryptocurrencies. There could be a promising trend in 2024. The year 2023 marked the starting point for the AI sector, which saw over $50 billion in new investments, the highest venture capital influx ever recorded. This increased funding underscores the enormous, yet untapped potential of AI. As AI continues to evolve exponentially, the outlook for just 2-3 years, let alone 10 years, is both fascinating and daunting.
https://m.primal.net/Ityq.webp
So far, the combination of crypto and AI has produced rather vague hypes, with many current solutions using AI more as a buzzword than a foundation for innovation. Nevertheless, the expert remains convinced that these developments could bring about fundamental changes and open up new possibilities in the interplay between crypto and AI.
An example could be the new presale of eTukTuk. In the sustainable ecosystem that aims to bring e-mobility to emerging markets, AI features are also being integrated. Artificial intelligence is expected to help reduce maintenance efforts, plan routes intelligently, and create a better overall experience. This could then drive the adoption of e-mobility and make an important contribution to combating climate change. Early investors can currently buy TUK tokens with a staking return of almost 300 percent APY.

2024-06-22 13:53:05

🔔 Reminder Alert! 🔔
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2024-06-21 16:41:25

Finally stepping out of the shadows to introduce Satonomics! 🎉 It's like Glassnode but free and open-source! 🚀
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Get the big picture of the blockchain with tons of charts and APIs. 📊
Warning: It's still a baby, so expect some hiccups! 🤖
Dive in and let's build cool stuff! 🔨
#Blockchain #OpenSource #Satonomics #CryptoFun

2024-06-21 06:40:27

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

2024-06-21 06:14:09

PEPE Is Among The Coins With The Highest Profitability Ratio Right Now.
Now, here is the chart posted by IntoTheBlock, which shows how this metric is looking at the moment for various assets in the sector:
https://m.primal.net/IsVZ.jpg
As is visible above, Bitcoin (BTC) currently has the highest profitability ratio among the top coins, with more than 89% of its holders carrying gains. Ethereum (ETH), the second largest cryptocurrency by market cap, is also second on this list, with over 83% of the addresses in the green. The two memecoins in question are Pepe (PEPE) and Floki (FLOKI), with around 80% and 77% holders above water, respectively. DOGE is further down the list, with the metric at 75%.