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Bitcoin - The Parabolic Razor: 10 Reasons for the Start of the Greatest Bull Run in History
The Next Phase in the Market Will Surprise Many
It is expected that the cryptocurrency market will show unexpectedly strong movements that may surprise most investors. These changes could lead to significant price increases for Bitcoin and other cryptocurrencies.
6-12 Month Range
Forecasts indicate a time frame of 6-12 months during which significant changes in the cryptocurrency market are expected. This period could be crucial for investors looking to capitalize on the growth.
Fed Rate
Decisions by the Federal Reserve System regarding interest rates have a significant impact on financial markets, including cryptocurrencies. Lower rates may encourage investors to seek alternative assets like Bitcoin, potentially driving up its price.
Growth of Central Bank Balances
The increase in assets held by central banks leads to increased liquidity in the markets. This can result in capital flowing into cryptocurrency markets, thereby supporting the rise in Bitcoin prices.
Trump, Elections, and Impact on Crypto
Political events, such as elections in the US, can significantly influence the cryptocurrency market. The victory of a particular candidate may change government policy towards cryptocurrencies, which in turn could affect their prices.
Success of Bitcoin ETF
The successful implementation of exchange-traded funds (ETFs) based on Bitcoin could attract more institutional investors to the cryptocurrency market. This would lead to increased demand for Bitcoin and could drive significant price growth.
Mass Adoption of Cryptocurrencies
Widespread adoption of cryptocurrencies among the masses increases their use in everyday life. This boosts demand for Bitcoin and other cryptocurrencies, positively impacting their prices.
Cyclicality of Bitcoin Movements
Bitcoin is known for its cyclical fluctuations, which can be used to predict future movements. Historical data shows that periods of decline are often followed by significant growth periods.
The Next Phase in the Market Will Surprise Many
It is expected that the cryptocurrency market will show unexpectedly strong movements that may surprise most investors. These changes could lead to significant price increases for Bitcoin and other cryptocurrencies.
6-12 Month Range
Forecasts indicate a time frame of 6-12 months during which significant changes in the cryptocurrency market are expected. This period could be crucial for investors looking to capitalize on the growth.
Fed Rate
Decisions by the Federal Reserve System regarding interest rates have a significant impact on financial markets, including cryptocurrencies. Lower rates may encourage investors to seek alternative assets like Bitcoin, potentially driving up its price.
Growth of Central Bank Balances
The increase in assets held by central banks leads to increased liquidity in the markets. This can result in capital flowing into cryptocurrency markets, thereby supporting the rise in Bitcoin prices.
Trump, Elections, and Impact on Crypto
Political events, such as elections in the US, can significantly influence the cryptocurrency market. The victory of a particular candidate may change government policy towards cryptocurrencies, which in turn could affect their prices.
Success of Bitcoin ETF
The successful implementation of exchange-traded funds (ETFs) based on Bitcoin could attract more institutional investors to the cryptocurrency market. This would lead to increased demand for Bitcoin and could drive significant price growth.
Mass Adoption of Cryptocurrencies
Widespread adoption of cryptocurrencies among the masses increases their use in everyday life. This boosts demand for Bitcoin and other cryptocurrencies, positively impacting their prices.
Cyclicality of Bitcoin Movements
Bitcoin is known for its cyclical fluctuations, which can be used to predict future movements. Historical data shows that periods of decline are often followed by significant growth periods.
PEPU - a new meme for those who missed out on Pepe 🐸
About the project: Pepe Unchained - an L2 blockchain for Ethereum, serves as a foundation for launching meme tokens with low fees and instant transactions. The native token PEPU has undergone audits by SolidProof and Coinsult.
Tokenomics:
▪️ Presale - 20%
▪️ Staking - 30%
▪️ Marketing - 20%
▪️ Liquidity - 10%
▪️ Project and network support - 10%
Presale:
▪️ $4.8 million already raised
▪️ Tokens can be staked immediately after purchase for a return of 395%
▪️ To purchase, you need to connect a MetaMask, Coinbase, or Best Wallet and pay with ETH, USDT, or BNB 💸
Important: TGE and L2 network launch are expected after the completion of the presale.
PEPU performs well in the presale, but the market remains volatile, so DYOR 🧐
About the project: Pepe Unchained - an L2 blockchain for Ethereum, serves as a foundation for launching meme tokens with low fees and instant transactions. The native token PEPU has undergone audits by SolidProof and Coinsult.
Tokenomics:
▪️ Presale - 20%
▪️ Staking - 30%
▪️ Marketing - 20%
▪️ Liquidity - 10%
▪️ Project and network support - 10%
Presale:
▪️ $4.8 million already raised
▪️ Tokens can be staked immediately after purchase for a return of 395%
▪️ To purchase, you need to connect a MetaMask, Coinbase, or Best Wallet and pay with ETH, USDT, or BNB 💸
Important: TGE and L2 network launch are expected after the completion of the presale.
PEPU performs well in the presale, but the market remains volatile, so DYOR 🧐
New FUD from Bloomberg, Telegram to Outpace Solana, and Massive Windows OS Failure – Recap of the Week.
💸 Cryptocurrencies
📍 The Cboe Exchange announced the listing of the ETH ETF on July 23. Ethereum is trading at $3,500 and awaiting its moment of truth.
In the long term, the launch of the ETF will positively impact the price of Ethereum, but on the day trading starts, much will depend on the level of demand 🪙
📍 The German government earned $2.88 billion from selling 49,858 BTC. Only the lazy haven't criticized them for the potential gains lost if the bull market continues.
And Bloomberg promptly introduced new FUD: the UK might sell $5 billion worth of Bitcoins 🙄
📍 Telegram will open a mini-app store this month and launch an integrated Web3 browser. Solana now has a serious competitor in the meme token mania space.
Pixelverse listed a week before the airdrop to users so the team could comfortably secure the necessary funds. Let's hope this doesn’t become the new norm 😎
💵 Finance
📍 A massive Windows OS failure caused issues for airlines and banks worldwide. Thousands of people missed their flights, and bankers got an unexpected day off.
It wasn’t a disaster, but what if this is a harbinger of future problems due to widespread digitalization 🤖
📍 Jerome Powell won't wait for inflation to drop to 2% before starting to ease monetary policy.
Despite the S&P 500 correction at the end of the week, the stock market expects the Fed to start cutting rates in September 😇
📍 In Q2 2024, China's GDP grew by only 4.7%. The result is good, but the forecast was 5.1%, and to meet the Communist Party’s plan, it needs to be 5.5%.
The Chinese authorities are not yet ready to devalue the yuan; they are just pumping more money into the system 😉
💸 Cryptocurrencies
📍 The Cboe Exchange announced the listing of the ETH ETF on July 23. Ethereum is trading at $3,500 and awaiting its moment of truth.
In the long term, the launch of the ETF will positively impact the price of Ethereum, but on the day trading starts, much will depend on the level of demand 🪙
📍 The German government earned $2.88 billion from selling 49,858 BTC. Only the lazy haven't criticized them for the potential gains lost if the bull market continues.
And Bloomberg promptly introduced new FUD: the UK might sell $5 billion worth of Bitcoins 🙄
📍 Telegram will open a mini-app store this month and launch an integrated Web3 browser. Solana now has a serious competitor in the meme token mania space.
Pixelverse listed a week before the airdrop to users so the team could comfortably secure the necessary funds. Let's hope this doesn’t become the new norm 😎
💵 Finance
📍 A massive Windows OS failure caused issues for airlines and banks worldwide. Thousands of people missed their flights, and bankers got an unexpected day off.
It wasn’t a disaster, but what if this is a harbinger of future problems due to widespread digitalization 🤖
📍 Jerome Powell won't wait for inflation to drop to 2% before starting to ease monetary policy.
Despite the S&P 500 correction at the end of the week, the stock market expects the Fed to start cutting rates in September 😇
📍 In Q2 2024, China's GDP grew by only 4.7%. The result is good, but the forecast was 5.1%, and to meet the Communist Party’s plan, it needs to be 5.5%.
The Chinese authorities are not yet ready to devalue the yuan; they are just pumping more money into the system 😉
See original
🥳 ETH ETF will begin trading on July 23
Spot ETH ETF from 1Shares, Fidelity, VanEck, Franklin and Invesco, listed on Cboe. The start of trading is scheduled for July 23.
Against this background, the cue ball reached $67k and ETH $3,500 📈
Spot ETH ETF from 1Shares, Fidelity, VanEck, Franklin and Invesco, listed on Cboe. The start of trading is scheduled for July 23.
Against this background, the cue ball reached $67k and ETH $3,500 📈
Another country plans to sell $5 billion worth of BTC.
The United Kingdom has a stockpile of bitcoins. The coins were mostly confiscated from criminals and are now under state control.
Rachel Reeves, the current Chancellor of the Exchequer, is considering selling these BTC.
The United Kingdom has a stockpile of bitcoins. The coins were mostly confiscated from criminals and are now under state control.
Rachel Reeves, the current Chancellor of the Exchequer, is considering selling these BTC.
Here is a list of factors that will influence the growth of Bitcoin and cryptocurrencies in the near future.
1. Weekend Rally: Retail traders typically become more active on Saturdays and Sundays, supporting Bitcoin's momentum.
2. Liquidity Influx: Over the past four weeks, more than $8 billion has left the crypto market, but in the past seven days, $3.3 billion has been attracted.
3. Spot Bitcoin ETFs: Investors have poured $500 million into these instruments, indicating strong interest from retail investors.
4. Support from Larry Fink: The CEO of BlackRock called Bitcoin an international payment instrument and expressed confidence in the future of cryptocurrencies.
5. Speculation Around Ethereum ETFs: The crypto community is closely watching the potential launch of these funds, which could increase interest in ETH.
6. Historical Trends: The crypto market usually rises before major events, such as the launch of Bitcoin futures in 2017.
7. Potential Changes in China: Reports suggest possible easing of restrictions on cryptocurrencies.
8. Postponement of Crypto Tax in South Korea: The ruling party plans to delay the crypto tax until 2025.
9. Consumer Price Index (CPI) Publication: Inflation indicators can impact the cryptocurrency market.
10. Political Events: Events such as the legal proceedings against Donald Trump may influence the market.
These factors can influence the cryptocurrency market and contribute to the rise in Bitcoin's value.
1. Weekend Rally: Retail traders typically become more active on Saturdays and Sundays, supporting Bitcoin's momentum.
2. Liquidity Influx: Over the past four weeks, more than $8 billion has left the crypto market, but in the past seven days, $3.3 billion has been attracted.
3. Spot Bitcoin ETFs: Investors have poured $500 million into these instruments, indicating strong interest from retail investors.
4. Support from Larry Fink: The CEO of BlackRock called Bitcoin an international payment instrument and expressed confidence in the future of cryptocurrencies.
5. Speculation Around Ethereum ETFs: The crypto community is closely watching the potential launch of these funds, which could increase interest in ETH.
6. Historical Trends: The crypto market usually rises before major events, such as the launch of Bitcoin futures in 2017.
7. Potential Changes in China: Reports suggest possible easing of restrictions on cryptocurrencies.
8. Postponement of Crypto Tax in South Korea: The ruling party plans to delay the crypto tax until 2025.
9. Consumer Price Index (CPI) Publication: Inflation indicators can impact the cryptocurrency market.
10. Political Events: Events such as the legal proceedings against Donald Trump may influence the market.
These factors can influence the cryptocurrency market and contribute to the rise in Bitcoin's value.
ecoinometrics
Two good months for inflation in the US. The headline CPI is almost past the 3% plateau. And the labor market is becoming less tight. It seems the Federal Reserve has every reason to start cutting rates.
Two good months for inflation in the US. The headline CPI is almost past the 3% plateau. And the labor market is becoming less tight. It seems the Federal Reserve has every reason to start cutting rates.
S&P 500 Continues Its Correction. BTC Drops Below $64k
Thursday News:
🔸 Indian crypto exchange WazirX hacked for $235 million
🔸 Biden tests positive for coronavirus again 🦠
🔸 Almost all ETH ETF issuers filed updated S-1 forms with the SEC to start trading
🔸 Bloomberg: Payments between Russia and China have become nearly impossible due to US secondary sanctions
🔸 SEC approves Grayscale Ethereum Mini ETF
🔸 OpenAI releases new AI model GPT-4o mini, which will replace GPT-3.5 Turbo
🔸 Vitalik Buterin does not trust politicians advocating for cryptocurrencies
🔸 Polygon team will launch MATIC to POL token conversion on September 4th
🔸 Pixelverse listed a week before the drop for users 😇
🔸 Coinbase International adds futures on Toncoin
**Rates:**
🥇 Bitcoin - $63,537 (↓0.86%)
📉 S&P 500 - 5,545 (↓0.77%)
🕙 USD/RUB - 88.07 (↓0.59%)
🕖 USD/UAH - 41.48 (↑0.05%)
🌉 Gold - $2,446 (↓0.49%)
📦 Brent Oil - $84.82 (↓1.39%)
Thursday News:
🔸 Indian crypto exchange WazirX hacked for $235 million
🔸 Biden tests positive for coronavirus again 🦠
🔸 Almost all ETH ETF issuers filed updated S-1 forms with the SEC to start trading
🔸 Bloomberg: Payments between Russia and China have become nearly impossible due to US secondary sanctions
🔸 SEC approves Grayscale Ethereum Mini ETF
🔸 OpenAI releases new AI model GPT-4o mini, which will replace GPT-3.5 Turbo
🔸 Vitalik Buterin does not trust politicians advocating for cryptocurrencies
🔸 Polygon team will launch MATIC to POL token conversion on September 4th
🔸 Pixelverse listed a week before the drop for users 😇
🔸 Coinbase International adds futures on Toncoin
**Rates:**
🥇 Bitcoin - $63,537 (↓0.86%)
📉 S&P 500 - 5,545 (↓0.77%)
🕙 USD/RUB - 88.07 (↓0.59%)
🕖 USD/UAH - 41.48 (↑0.05%)
🌉 Gold - $2,446 (↓0.49%)
📦 Brent Oil - $84.82 (↓1.39%)
$65k in June and July: a month ago, everyone expected a deeper correction, but today the next target is $70k 💸
Bitcoin ETFs increased their inflows to $422 million, and Glassnode sees signs of seller exhaustion. Traders are already drawing an ascending channel on the 1H chart for BTC with a target of $67k 🕯
The scam exchange FTX will pay $12.7 billion to affected clients. This is 118% of their losses in USD, but no one will compensate for the lost profits due to the crypto market growth 😒
Trump doesn't intend to miss out on the hype, hinting at the release of a new NFT collection 😎
Worldcoin has extended the token lock-up period for early investors and the team from 3 to 5 years. WLD price +38% 👁
Karma: U.S. Democratic Senator Bob Menendez, who called BTC the perfect choice for criminals, has been found guilty of accepting bribes in cash and gold 😃
Bitcoin ETFs increased their inflows to $422 million, and Glassnode sees signs of seller exhaustion. Traders are already drawing an ascending channel on the 1H chart for BTC with a target of $67k 🕯
The scam exchange FTX will pay $12.7 billion to affected clients. This is 118% of their losses in USD, but no one will compensate for the lost profits due to the crypto market growth 😒
Trump doesn't intend to miss out on the hype, hinting at the release of a new NFT collection 😎
Worldcoin has extended the token lock-up period for early investors and the team from 3 to 5 years. WLD price +38% 👁
Karma: U.S. Democratic Senator Bob Menendez, who called BTC the perfect choice for criminals, has been found guilty of accepting bribes in cash and gold 😃
🔖 Trump plans to release a fourth NFT collection. "We have a good foundation," Trump said about the US crypto industry.
In an interview, Trump also stated that if he wins, he will allow Jerome Powell to complete his term as Federal Reserve Chairman until May 2026.
He believes that the Fed should not lower interest rates before the November elections. The corporate tax has been reduced to 15%, and there are no plans to ban TikTok.
The candidacy of JPMorgan Chase CEO Jamie Dimon for the position of Treasury Secretary is also being considered.
Trump's Fourth NFT Collection: Impact on the NFT Sector
Donald Trump’s announcement of his fourth NFT collection could significantly impact the NFT sector for several reasons:
Increased Interest in NFTs
- A new collection from a high-profile figure like Trump will attract wide attention, including from his supporters and those interested in politics. This can boost overall interest in NFTs and drive demand for digital assets.
Impact on the US Market
- Trump’s assertion that the US has a “good foundation” for the crypto industry could improve investor sentiment. Positive regulatory changes prompted by his statements could strengthen the NFT sector's position in the US.
Stability of the Fed and Interest Rates
- Trump’s remarks about allowing Jerome Powell to complete his term as Federal Reserve Chairman and his belief that the Fed should not lower interest rates before the elections could stabilize the economic environment. This stability may reduce market volatility and create a more predictable environment for NFT investors.
Corporate Tax and TikTok
- Lowering the corporate tax to 15% could stimulate business investment and development, including in blockchain and NFTs. The lack of plans to ban TikTok could also increase the platform's popularity, positively affecting the NFT market given the close ties to social media and cultural trends.
In an interview, Trump also stated that if he wins, he will allow Jerome Powell to complete his term as Federal Reserve Chairman until May 2026.
He believes that the Fed should not lower interest rates before the November elections. The corporate tax has been reduced to 15%, and there are no plans to ban TikTok.
The candidacy of JPMorgan Chase CEO Jamie Dimon for the position of Treasury Secretary is also being considered.
Trump's Fourth NFT Collection: Impact on the NFT Sector
Donald Trump’s announcement of his fourth NFT collection could significantly impact the NFT sector for several reasons:
Increased Interest in NFTs
- A new collection from a high-profile figure like Trump will attract wide attention, including from his supporters and those interested in politics. This can boost overall interest in NFTs and drive demand for digital assets.
Impact on the US Market
- Trump’s assertion that the US has a “good foundation” for the crypto industry could improve investor sentiment. Positive regulatory changes prompted by his statements could strengthen the NFT sector's position in the US.
Stability of the Fed and Interest Rates
- Trump’s remarks about allowing Jerome Powell to complete his term as Federal Reserve Chairman and his belief that the Fed should not lower interest rates before the elections could stabilize the economic environment. This stability may reduce market volatility and create a more predictable environment for NFT investors.
Corporate Tax and TikTok
- Lowering the corporate tax to 15% could stimulate business investment and development, including in blockchain and NFTs. The lack of plans to ban TikTok could also increase the platform's popularity, positively affecting the NFT market given the close ties to social media and cultural trends.
#looksRare Technical Analysis of LOOKS/USDT
1. Price and Trend
- Current price: $0.05311.
- Long-term downtrend with peaks around $0.25 and $0.15.
- Recent stabilization around the $0.05 level.
2. RSI (Relative Strength Index)
- Current RSI: 49.64, indicating a neutral state (neither overbought nor oversold).
- Recent rise from around 30, suggesting a potential trend reversal.
3. Support and Resistance
- Support levels: $0.05.
- Resistance levels: $0.10 and $0.15.
Conclusion
The current price has stabilized after a long-term decline, and the rising RSI may indicate a potential upward trend. However, additional signals, such as increased trading volume and a breakout above resistance levels, are needed to confirm a trend reversal.
1. Price and Trend
- Current price: $0.05311.
- Long-term downtrend with peaks around $0.25 and $0.15.
- Recent stabilization around the $0.05 level.
2. RSI (Relative Strength Index)
- Current RSI: 49.64, indicating a neutral state (neither overbought nor oversold).
- Recent rise from around 30, suggesting a potential trend reversal.
3. Support and Resistance
- Support levels: $0.05.
- Resistance levels: $0.10 and $0.15.
Conclusion
The current price has stabilized after a long-term decline, and the rising RSI may indicate a potential upward trend. However, additional signals, such as increased trading volume and a breakout above resistance levels, are needed to confirm a trend reversal.
Hamsters are leveling up! 🐹🔥 Hamster Kombat is teaming up with LooksRare! Now, your favorite hamster battles will be even more exciting with unique NFTs from LooksRare. Join us and discover a world where hamsters and blockchain meet! 🚀✨ #HamsterKombat #LooksRare #NFT
#LOOKS BlackRock has announced its application for a spot ETF that will include the token from the NFT marketplace LooksRare. This move marks a significant milestone as it is the first time a major financial institution has sought to create an ETF centered around an NFT marketplace. The introduction of such an ETF is expected to stimulate growth in the NFT sector and the broader Web3 ecosystem.
This move by BlackRock is seen as a catalyst for further institutional interest and investment in NFTs, potentially driving significant growth in the Web3 sector as a whole.
This move by BlackRock is seen as a catalyst for further institutional interest and investment in NFTs, potentially driving significant growth in the Web3 sector as a whole.
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