WHAT THE COLOR RED AND GREEN MEANS ON CRYPTO CHARTS AND PRIVES
Have you ever looked at a cryptocurrency chart and wondered what the red and green colors represent? Understanding these colors can be crucial for making informed trading decisions in the volatile world of cryptocurrency. In this article, we will delve into the significance of red and green on crypto charts and how they can impact your investment strategy. The Meaning of Red In the world of cryptocurrency trading, the color red typically signifies a decrease in price. When a candlestick or price bar on a chart is red, it means that the closing price is lower than the opening price. This can indicate a bearish trend, signaling a potential downtrend in the market. Traders often use red candlesticks as a sign to sell or short a particular cryptocurrency, anticipating further price declines. The Significance of Green Conversely, the color green on a crypto chart represents an increase in price. When a candlestick or price bar is green, it means that the closing price is higher than the opening price. This is generally seen as a bullish signal, suggesting an uptrend in the market. Traders may interpret green candlesticks as a cue to buy or long a cryptocurrency, expecting the price to continue rising. Interpreting Red and Green Together When analyzing crypto charts, it is essential to consider the interplay between red and green candlesticks. A series of red candlesticks followed by a green one could indicate a potential trend reversal, with selling pressure subsiding and buying interest picking up. Conversely, a string of green candlesticks interrupted by a red one might suggest a temporary pullback or consolidation phase. Using Red and Green in Technical Analysis Technical analysts rely on red and green candlesticks to identify key levels of support and resistance, trend patterns, and potential entry or exit points. By paying attention to the color and shape of candlesticks, traders can gain valuable insights into market sentiment and price dynamics. Some traders also use tools like moving averages, RSI, and MACD in conjunction with red and green candlesticks to confirm their trading decisions. Final Thoughts In the world of cryptocurrency trading, red and green colors play a significant role in deciphering market movements and making informed trading decisions. By understanding the meaning of these colors and how they interact on crypto charts, traders can enhance their technical analysis skills and improve their chances of success in the digital asset markets. #ChartExpert #WeAreAllSatoshi #CryptoMarketMoves #MarketExperts #Market_Update $BTC $ETH $BNB
Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential
Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential $BTC $BNB Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world’s largest asset manager. Fink downplayed regulatory changes, arguing broader acceptance and liquidity will drive market expansion. With the firm’s bitcoin ETF reaching $23 billion in inflows, he predicted further growth in digital assets and blockchain’s transformative potential in global finance. Blackrock’s Larry Fink on Digital Asset Growth and Blockchain’s Future Larry Fink, chairman and CEO of Blackrock, the world’s largest asset manager, highlighted the firm’s ongoing innovation during the Q3 2024 earnings call on Friday. Fink underscored Blackrock’s focus on improving market access through exchange-traded products (ETPs), highlighting their recently launched Ethereum exchange-traded fund (ETF). He noted the Ishares Ethereum Trust attracted over $1 billion in net inflows within the first two months of trading, following the earlier launch of the Ishares Bitcoin Trust which has grown to $23 billion in its first nine months. Fink stated that these products align with Blackrock’s broader goal of making investing easier and more affordable for investors globally, stating: “We will continue to pioneer new products to be making investing easier and more affordable.” During the earnings call, analyst Ben Budish inquired about the potential effects of a more crypto-friendly administration in Washington, suggesting that regulatory changes could unlock new opportunities beyond Blackrock’s ETF and custody services. Fink, however, downplayed the impact of potential political changes on the digital asset space. He argued that market growth will be driven more by broader acceptance of these assets rather than regulation. “I do believe the utilization of assets are going to become more and more of a reality worldwide,” Fink said. He expressed confidence in bitcoin’s role as a legitimate investment, stating: We believe bitcoin is an asset class in itself. It is an alternative to other commodities like gold. Fink delved further into the factors that would influence the growth of digital assets, stressing the importance of transparency, liquidity, and analytics in market expansion. He highlighted the evolution of other financial markets, saying: I truly don’t believe it’s a function of regulation — of more regulation, less regulation. I think it’s a function of liquidity, transparency … no different than years ago when we started the mortgage market, years ago when the high-yield market occurred. He suggested that, like these markets, the digital asset market would expand as better analytics and data emerged. “And I truly believe we will see a broadening of the market of these digital assets,” he opined. Finally, Fink touched on global trends in central bank digital currencies (CBDCs), particularly in emerging markets. “What we’re witnessing in other countries that we’re seeing big success in India and Brazil in the digitization of their own currency for various different reasons. But we believe the technology of these blockchains are going to become very additive,” Fink noted. He projected that blockchain technology, especially when combined with artificial intelligence and improved analytics, will drive further market growth and applicability, not just for cryptocurrencies but for broader financial applications. #BTCUptober #TeslaTransferBTC #btc70 #btcupdates2024 #Bitcoin❗
Shiba Inu Going Up Against Dogecoin And Tesla As Car Manufacturer Announces Support For SHIB
Shiba Inu Going Up Against Dogecoin And Tesla As Car Manufacturer Announces Support For SHIB The world’s largest meme coin, Dogecoin ($DOGE) could see even more heated competition from its primary rival, Shiba Inu (SHIB). According to Shiba Inu’s lead marketer, Lucie, SHIB could potentially surpass Dogecoin, especially with Tesla Chief Executive Officer (CEO), Elon Musk’s support for DOGE. This fierce competition would be driven by the potential integration of SHIB payments by the legendary automobile manufacturer, DeLorean Motors. DeLorean Motors Teases SHIB Support In an X (formerly Twitter) post on October 12, DeLorean Motors hinted at the possibility of accepting Shiba Inu as a payment option for their upcoming electric cars. In a seemingly playful challenge aimed at Dogecoin and Musk’s Tesla, DeLorean Motors suggested that sinceTesla supports Doge payments, then maybe they might start accepting SHIB. #Shiba #dogecoinupdates #dogeupdate2024 #Tesla #teslaupdates
Michael Saylor Reacts to Time Travel Proposal to Reclaim 10,000 BTC from 2010 Pizza Deal
$BTC Michael Saylor, the chairman of MicroStrategy, has sparked interest on social media with a commentary concerning his company’s Bitcoin acquisition strategy. The exchange began with a tweet from Bitcoin advocate Samson Mow, who playfully imagined a future scenario in which Saylor travels back to 2010 to stash Bitcoins after delivering two pizzas to the famous Bitcoin pizza buyer, Laszlo Hanyecz. Mow’s tweet paints a picture set in 2039 when 99.52% of Bitcoin has already been mined. In this scenario, Saylor, in a desperate bid to acquire more Bitcoin, could go back in time to trade two pizzas for 10,000 $BTC
Saylor Considers Time Travel to Reclaim 10K BTC from 2010 Pizza Deal For context, on May 22, 2010, Laszlo Hanyecz completed a groundbreaking transaction, trading 10,000 Bitcoins for two pizzas, which has since become a legendary moment in cryptocurrency history. At that time, the value of Bitcoin was approximately $41, compared to $64K today, illustrating the monumental rise of digital currencies over the years. Following Samson Mow’s humorous post, Saylor responded with an emoji that expressed a blend of contemplation and curiosity. His reaction suggested he was pondering the hypothetical scenario of traveling back in time to secure those early Bitcoins cheaply.
In response to Saylor’s reflection, Mow cautioned, “Don’t do it, Michael! Any attempt to send Bitcoin from the past to the future will fork reality, effectively creating a new time chain.” MicroStrategy Bitcoin War Chest MicroStrategy has amassed an impressive total of 252,220 Bitcoins to date. The company adopted the Bitcoin standard in 2020, setting a precedent for how businesses can approach crypto investments. - Advertisement - Over the past four years, MicroStrategy’s aggressive Bitcoin purchasing strategy has gained significant momentum. On June 20, 2024, the company acquired 11,931 Bitcoins for $786 million, bringing its total holdings to 226,331 Bitcoins at that time. By August 1, MicroStrategy added a modest 169 Bitcoins, raising its total to 226,500 BTCs, with cumulative spending reaching $8.34 billion. On September 13, the company acquired18,300 Bitcoins for $1.11 billion, increasing its total holdings to 244,800 tokens. Just a week later, MicroStrategy purchased another 7,420 Bitcoins for $458.2 million, resulting in a grand total of 252,220 Bitcoins and total expenditures of $9.91 billion. Aiming to Become a Bitcoin Bank In recent disclosures, Saylor outlinedMicroStrategy’s strategic aspirations, indicating a goal to transition into a Bitcoin bank. The company intends to focus on borrowing fiat rather than lending. In this innovative approach, MicroStrategy plans to offer debt notes and equity shares to investors in exchange for funding its Bitcoin acquisitions. The target is to secure between $100 billion and $150 billion worth of Bitcoin through these financial instruments. Additionally, the firm aims to explore the fixed-income market to generate further capital. Saylor has previously projected that Bitcoin could potentially reach values of up to $13 million by 2045, emphasizing a vision of significant market share growth for the cryptocurrency over the coming decades. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. #btcnews99 #BitcoinPizzaDay2024 #Bitcoinarena #btcupdates2024 #BTCUptober
Dogecoin Reaching Its $80 Billion Market Cap Peak Won’t Mean A New ATH, Here’s Why
Dogecoin Reaching Its $80 Billion Market Cap Peak Won’t Mean A New ATH, Here’s Why $DOGE $BTC In the 2021 bull run, Dogecoin hitting an $80 billion market cap marked a new all-time high (ATH) for the foremost meme coin. This time would be different if the meme coin reached this market cap, as its price would still be below its current ATH of $0.73. Why Dogecoin Reaching An $80 Billion Market Cap Isn’t A New ATH Dogecoin community member John Carter explained in an X post that DOGE reaching an $80 billion market won’t mark a new ATH for the meme coin primarily due to its inflationary status. The meme coin has an infinite supply, meaning that more $DOGE tokens will keep entering into circulation. #doge⚡ #DogecoinCommunity #DogeForever #DOGEUpdate #Dogecoinnews
Bitcoin Analyst Predicts 7,000% Gains For ETFSwap (ETFS) In October, XRP Price To Rise To $1
Bitcoin Analyst Predicts 7,000% Gains For ETFSwap (ETFS) In October, XRP Price To Rise To $1 $BTC $ETH According to a well-known Bitcoin (BTC) analyst, the ETFSwap (ETFS) tokens could see gains as high as 7,000% in the month of October, while the XRP price is expected to rise to $1. The Bitcoin (BTC) analyst’s predictions point to exciting times ahead for crypto, but the ETFSwap (ETFS) tokens stand out for their innovative approach that could lead to even bigger things. ETFSwap (ETFS) Readies For A 7,000% Price Pump The ETFSwap (ETFS) platform is changing the game by combining decentralized finance (DeFi) with traditional financial markets. With its focus on tokenized assets, the ETFSwap (ETFS) platform brings real-world assets like stocks, bonds, commodities, and ETFs to the blockchain and opens up a whole new world for crypto investors, allowing them to trade these assets without needing a broker and with full privacy.
The platform offers crypto enthusiasts the chance to trade in tokenized Bitcoin (BTC), Ethereum (ETH), and other ETFs, which is likely to drive the value of the ETFS tokens even higher. Such a solid foundation and promising utility are why the Bitcoin (BTC) analyst predicts ETFSwap (ETFS) could hit $11 by 2025. The ETFSwap (ETFS) platform removes the need for intermediaries or know-your-client (KYC) processes, making it easier for individuals like the Bitcoin (BTC) analyst to remain anonymous as they invest. The Bitcoin (BTC) analyst predicts the ETFSwap (ETFS) tokens to experience a 7,000% increase due to the DeFi platform’s successful development. The backend of the platform has been completed and tested on the testnet, and right now, they’re working hard to improve on everything for a smooth experience when it goes live. Crypto Investors are incentivized to stake #ETFsvsBTC tokens in liquidity pools and earn up to 87% in annual percentage yields (APY), and traders on the DeFi platform can access up to 10x margin to trade perpetuals, futures, and commodities and as much as 50x margin when trading ETFs, allowing for potential gains of up to 40,000%. BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Unlike other platforms, the ETFSwap (ETFS) provides an innovative liquidity model and perpetual trading options that minimize risks like rug pulls; this gives investors confidence that their money is safe. Each ETFSwap (ETFS) token is backed by real-world securities, which makes it an excellent option for both individual crypto traders and big institutional investors looking to diversify their portfolios into traditional assets. The ETFSwap (ETFS) team has fully undergone KYC verification with SolidProof and passed the smart contract audit by CyberScope—two important achievements that show it’s a platform you can trust.
To tap into the anticipated 7,000% gains,you’ll need to buy the ETFS tokens now at their low price of $0.03846 in the ongoing presale. XRP Price Predicted to Reach $1 Ripple is positive about concluding its legal case with the SEC. With all the legal uncertainties now clearing up, the XRP price is also expected to make a significant move. The XRP price has been showing signs of strength lately, and the Bitcoin (BTC) analyst prediction indicates that the XRP price could rise to $1 soon, thanks to its strong use case in cross-border payments and increasing adoption. Although the XRP price moving to $1 is great news for its holders, it’s worth noting that ETFSwap (ETFS) has the potential for far greater returns. XRP price is currently at $0.5318 and is very likely to see steady gains. Conclusion: ETFSwap (ETFS) Leads October Price Rise While the XRP price could rise to $1 and continue rewarding crypto investors with solid returns, the real star of the bull run is the ETFSwap (ETFS) token. The 7,000% gain predicted by a Bitcoin (BTC) analyst is grounded in the platform’s strong utility and unique tokenization approach. ETFSwap (ETFS) is set to lead the next big wave in the crypto world. So, while the XRP price is on the rise, the smart money is looking at the ETFSwap (ETFS) tokens that could skyrocket, thanks to their utility, security features, and ability to bridge the gap between DeFi and traditional finance for the biggest gains. #BTC500K #BTC☀ #bitcoin☀️ #Bitcoin❗
Bitcoin Price Analysis: BTC Soars to $65K, This is the Next Target
Bitcoin Price Analysis: BTC Soars to $65K, This is the Next Target
Bitcoin’s price is finally showing some promising signs of bullish continuation. The big question now is if the consolidation period is over or if this is just a temporary bounce. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, $BTC has been consolidating below the 200-day moving average (around the $64K mark) for some time now. However, today’s price action suggests the consolidation period is over, as the daily candle has broken through the 200-day moving average and the $64K resistance level. If the daily candle closes above these resistance elements, investors can be optimistic that the market could rally toward the $68K level in the short term.
The 4-Hour Chart The 4-hour timeframe also shows a completely bullish market structure. The price has finally broken the large bullish flag it has been trapped in for the last few weeks. A breakout from a flag pattern is a clear continuation signal based on classical price action. Therefore, if this breakout proves valid and the price holds above the $64K level, the $68K resistance zone would be a feasible target.
On-Chain Analysis Bitcoin Funding Rates While Bitcoin’s price finally shows some desire to continue its long-term bullish trend, the futures market sentiment also points to an increase in optimism by market participants. This chart demonstrates the $BTC funding rates metric, which measures whether buyers or sellers are executing their perpetual futures orders more aggressively. Positive values indicate bullish sentiment, while negative values are associated with bearish expectations. As the chart suggests, funding rates spiked significantly today, as the market is on the verge of breaking above a key resistance level. Yet, while it might seem natural, investors should still be cautious. A sudden surge in funding rates might lead to a long liquidation cascade, which could halt the market’s rally. #moonbix #BTC☀ #bitcoin☀️ #Bitcoin❗ #BTCUptober
Bitcoin Begins the Week on a High, Jumps Above $64K
Bitcoin Begins the Week on a High, Jumps Above $64K Crypto majors moved higher Monday while memecoins led weekend action. PLUS: China stimulus announcements fell short of expectations, but traders’ hopes remain high.
$BTC
Bitcoin climbed above $64,000, with other major cryptocurrencies like ether and Solana's SOL also gaining, although XRP and BNB remained unchanged.Over $100 million in short positions were liquidated due to the price jump. Memecoins like Mog and SPX6900 saw significant gains amidst discussions of a crypto "supercycle."Broader market sentiment leaned towards buying due to positive economic indicators from both China and the U.S., with U.S. equities reaching new highs. 7.3K Cumberland, Bitnomial Lawsuits vs. SEC, Nigeria Denies Bail for US Compliance Officer Next Stay Bitcoin (BTC) jumped above $64,000 in Asian hours Monday on the back of renewed hopes of a China stimulus and increased demand in certain bitcoin-based assets, leading a crypto majors move higher. #moonbix #CATIonBinance #NeiroOnBinance #BTCUptober #10MTradersLeague
Bitcoin Suddenly Reclaims $64K. Are Bulls in Control?
Bitcoin Suddenly Reclaims $64K. Are Bulls in Control? $BTC Bitcoin, the leading cryptocurrency by market capitalization, has managed to reclaim the $64,000 level, according to data provided by CoinGecko.
London-Based Trader Denies Charges of Operating Illegal Crypto ATMs
$BTC 0.04% $63,029.11
$ETH 0.55% $2,469.58
SOL 0.43% $146.57
PEPE 0.27% $0.0000098
SHIB 0.62% $0.000017
BNB 0.62% $577.00
DOGE 0.27% $0.11
XRP -0.63% $0.53
Pepe Unchained ($PEPU) The Hottest Presale Cryptonews Altcoin News London-Based Trader Denies Charges of Operating Illegal Crypto ATMs
A London resident trader has pleaded not guilty over allegations of operating illegal and unregistered crypto ATMs. According to police, Habibur Rahman of Langdon Crescent in East Ham, was charged with running a crypto ATM at his shop without the Financial Conduct Authority’s (FCA) registration. Apparently, several illegal machines were seized during a store raid in Chatham, Kent, in April 2023 including one on public display. A Kent Police spokesperson noted that Rehman was the first person in the UK to be charged with the offence. Additionally, he also laundered £300,000 ($391551) by converting the amount into crypto, a BBC report revealed. The 37-year-old Rahman appeared at Medway Magistrates’ Court, pleading not guilty to the charges on Thursday. The case has been transferred to Maidstone Crown Court and the next hearing is scheduled for November 7. Per Kent police, Rahman’s involvement in the crime not only violated financial regulations but also involved money laundering. Last month, the FCA sentenced London-based Olumide Osunkoya for running multiple crypto ATMs without registration and creating false documents. Osunkoya pleaded guilty to running a network of at least 11 illegal crypto ATMs that processed more than £2.6 million ($3.4 million) in transactions between December 2021 and September 2023.
“The charges mark the FCA’s first criminal prosecution relating to unregistered cryptoasset activity under the Money Laundering, Terrorist Financing and Transfer of Funds,” the regulator wrote at the time. FCA Cracks Down on Crypto ATM Operators In 2020, the FCA introduced a law requiring crypto operators to register with the regulator. Interestingly, the FCA has not approved any crypto ATM operators to function in the UK so far. An FCA spokesperson told Better Retailing that registration is mandatory for anyone who wishes to operate a crypto ATM. This is regardless of where the machine is made. “Those that operate the machines without FCA registration could face a maximum sentence of two years in prison, or a fine, or both.” Furthermore, the regulator inspected 34 locations hosting cryptocurrency ATMs between January and August 2023, the publication noted. #moonbix #CryptoNewss #CryptoDecision #Crypto_Jobs🎯 #cryptoupdates2024
Bitcoin and Altcoin Rally Ahead As China Boosts Debt Ceiling in Economy Stimulus
Bitcoin and Altcoin Rally Ahead As China Boosts Debt Ceiling in Economy Stimulus Bitcoin and altcoins rally on the news of China significantly increasing its government debt issuance as part of economy stimulating measures
HIGHLIGHTS $ALT $BTC Bitcoin whales have continued accumulating, adding 1.5 million BTC since March.Altcoins, including ETH, BNB, SOL, and DOGE, also posted gains of around 3% signalling broader market recovery.China's recent announcement to raise its debt ceiling and introduce more economic stimulus measures. Bitcoin (BTC) and the broader crypto market are once again showing strength gaining over 3% in the backdrop of a strong Chinese economic stimulus. The BTC price is trading up by 3.16% at $62,700 levels with a market cap of $1,239 trillion. Earlier today, China raised its debt ceiling in economy-boosting measures pushing more liquidity into the market.
Bitcoin and Altcoins Rally In Strong Reversal Following the dip under $60,000 earlier this week amid rising US CPI data, the Bitcoin price has made a strong recovery surging all the way closer to $63,000. But despite the current volatility, Bitcoin whales have continued to accumulate BTC at every opportunity. Since March this year, whales have accumulated a total of 1.5 million Bitcoins, which is nearly 7% of the total circulating supply. On the other hand, the successful Bitcoin ETFs have accumulated more than 5% of the total supply, which shows strong institutional demand. Despite the volatility, big players like BlackRock and Metaplanethave been accumulating BTC over the past few weeks. Along with Bitcoin, the altcoins are showing signs of a bounce back with the Ethereum (ETH) price surging 1.65%, while while BNB, Solana (SOL), and Dogecoin (DOGE) seeing 3% gains each.
With the global monetary supply (M2) increasing, market analysts believe that Bitcoin will also follow this trajectory hitting at least $90,000 by the end of the year. So far, October has been dull for BTC investors with little signs of ‘Uptober’ rally in the near term.
China to Revive Economic Growth by Increasing Debt Earlier today, China announced that it would increase its government debt issuance substantially thereby offering subsidies to people with low income while supporting the property market. However, China’s finance minister Lan Foan didn’t reveal the size of the fiscal stimulus but stated that there would be more “counter-cyclical measures” this year. “There is still relatively big room for China to issue debt,” said Lan. As per the previous reports, China was planning another $283 billion economic stimulus. Fiscal stimulus measures in China have drawn significant attention in global financial markets following a September meeting of the Communist Party’s top leadership, the Politburo, which highlighted growing concern over the country’s economic challenges. Chinese stocks surged to two-year highs, jumping 25% within days of the meeting. However, the rally was short-lived as market anxiety resurfaced due to the lack of specifics on the government’s proposed spending plans. #moonbix #10MTradersLeague #USPPIAboveExpectations #FanTokensRising #USRateCutExpected
The Reason Bitcoin’s Price Increased to $63,000 Today
The Reason Bitcoin’s Price Increased to $63,000 Today
$BTC Here are two possible reasons behind Bitcoin’s most recent surge. Bitcoin’s price exploded above $63,000 today, reaching a local high at around $63,400. Even though it has since retraced to where it currently trades at $62,700, this is still a considerable increase of 4% for the past 24 hours.
It’s also important to note that Bitcoin has managed to outperform the rest of the leading cryptocurrencies, which are charting marginal gains. So, what are the reasons for this recovery? What could be driving the BTC price up in the past couple of days? Well, reason number one might as well be the fact that Mt. Gox has pushed its repayment deadline to October 31st, 2025. Previously, this deadline was October 31st, 2024. According to the official notice: As it is desirable to make the Repayments to such rehabilitation creditors to the extent reasonably practicable, the Rehabilitation Trustee, with the permission of the court, has changed the deadline for the Repayments from October 31, 2024 (Japan Standard Time) to October 31, 2025 (Japan Standard Time). This is noteworthy because it alleviates the immediate selling pressure on BTC. Another reason could be that China has officially unveiled a fiscal stimulus package that’s aimed at reviving the economy. The package targets low-income households while also supporting property markets and replenishing state banks’ capital. Although officially announced a few hours ago, this was a much-anticipated development that the markets have been waiting for during the past few days. #bitcoin☀️ #Bitcoin❗ #BitcoinTherapist #btcupdates2024 #BTC☀
Today's Cryptocurrency Prices by Market Cap The global crypto market cap is $2.21T, a 1.77%increase over the last day. The total crypto market volume over the last 24 hours is $57.75B, which makes a 18.08% decrease. The total volume in DeFi is currently $3.63B, 6.29% of the total crypto market 24-hour volume. The volume of all stable coins is now $51.9B, which is 89.86% of the total crypto market 24-hour volume. Bitcoin’s dominance is currently 56.68%, an increase of 0.03% over the day. Read Less FiltersCustomize # Market cap Price 24h % 1
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
USDT Faces Downward Pressure as Investors Pivot to Stocks in China
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$USDC $, the largest stablecoin in the crypto market, has marginally lost its peg to the U.S. dollar, trading at less than $1 since September 30. Analysts believe this is a byproduct of large outflows from China as crypto investors turn to the national stock market to participate in the bull run following the announcement of stimulus measures. USDT Trades at Less Than $1: China Might Be the Culprit USDT, the leading dollar-pegged stablecoin with a market capitalization of nearly $120 billion, may be facing challenges as the crypto economy in China turns away from the crypto market. The stablecoin has traded at less than $1 since September 30, failing to regain its parity.. While the depeg is marginal and still does not pose any threat to its holders, economists are already speculating on the factors that might be causing this downward pressure on its price. According to Fortune, even the 3% to 5% fees that Chinese investors pay to exchange USDT for yuan have not deterred them from doing it, given the expectation of substantial price increases in the stock market. Last month, Chinese authorities unveiled one of its largest stimulus packages since the pandemic, lowering the banks’ reserve requirements ratios and increasing the amount of money available for credits. In the same way, China will also issue $28 billion for spending on different projects this year. This unleashed a stock market frenzy as shares rallied over 20%. Analysts believe this affected USDT, the currency commonly used by Chinese investors to trade cryptocurrency. While cryptocurrency trading is banned in China, some investors have evaded these restrictions, putting their funds in crypto. According to earlier reports, these investors have used crypto (and even gold) to hunt offshore-based opportunities as traditional market options like real estate and stocks faltered. Nonetheless, this trend is now being reversed, and the downward pressure on USDT might even grow as these investors expect further announcements to keep the rally going. What do you think about the selling pressure that Tether’s USDT is facing? Tell us in the comments section below #BTC☀ #BTC500K #USDTfree #bitcoin☀️ #Bitcoin❗
End of 2024 Bitcoin Predictions Suggest a Possible Breakthrough Past $74K
Bitcoin Price Predictions for End of 2024 and the Forecasted Outlook for 2025
Sat Oct 12 9:30:30 EST 2024 Over the past week, $BTC bitcoin has been bouncing between $59,019 and $63,794 per unit. While prices have slipped slightly—down 1.29% for October so far—there’s still plenty of optimism that ‘Uptober’ will live up to its reputation. After all, October has historically been a good month for bitcoin, with enthusiasts eagerly awaiting a potential rally as we head deeper into the next few months. End of 2024 Bitcoin Predictions Suggest a Possible Breakthrough Past $74K Currently, bitcoin is trading at $62,735 per coin, holding a market valuation of $1.31 trillion. This puts bitcoin comfortably in the top ranks of global assets—it’s now the tenth largest in the world by market cap, sitting alongside major corporations and even surpassing the value of some entire economies. Many analysts are confident that the market will continue to trend upward as the month unfolds. Despite some volatility, bitcoin’s ability to maintain its position in the $60,000 range suggests strong support from both institutional and retail investors. Some forecasts point to bitcoin pushing past $65,000, with more bullish scenarios predicting it could even challenge the $80,000 to $100,000 mark before the end of the year. According to bitcoin ($BTC ) price predictions from coincodex.com, BTC is anticipated to break the $74K barrier in less than a week, with a 30-day forecast of $88,267. That’s a leap of over 40% from where it stands today. Looking ahead to 2025, they project bitcoin could hit a peak of $104,738, with a floor of $63,654. By 2026, we might see a low of $84,756 and a high soaring up to $177,384.
Meanwhile, changelly.com has its own forecast. For October, it sees bitcoin swinging between $61,473 and $76,664.73. Come November, they predict a slight dip, with prices ranging from $58,138.52 to $77,133.95. December, while expected to be more stable, looks lower with a range of $61,097.32 to $63,022.10. These numbers hint at both potential growth and steadiness in the near future.
According to changelly.com’s metrics for 2025, bitcoin is expected to maintain steady growth each month. January’s estimates suggest prices between $61,651.60 and $70,344.69. By July 2025, bitcoin might climb to a range of $82,730.07 to $86,595.37. Heading into December 2025, the forecasts hint at a high of $100,137.61 and a low of $100,295.47. With a projected ROI of 61.1%, the year could see consistent upward momentum. According to the latest odds from Polymarket, bettors give bitcoin ($BTC ) a 29% chance of hitting $70,000 this month. The likelihood of BTC reaching $67,500 is set at 54% for Oct. On the downside, there’s a 37% chance of it dropping to $57,500. This wager concludes on Oct. 31, with $599,477 in volume at press time. Polymarket bettors also place the odds of BTCreaching a new all-time high this year at 57%. Whether or not these predictions pan out, it’s clear that bitcoin’s influence on the broader financial landscape is only growing. With a $1.31 trillion market cap, bitcoin has firmly established itself as a serious player in the global financial ecosystem, and as we look ahead, all eyes will be on whether it can turn ‘Uptober’ into reality. So far, the month has seen a 1.29% drop, and from here, things could take a turn for the worse or swing in a better direction—it’s anyone’s game theory at this point. #bitcoin☀️ #Bitcoin❗ #bitcoinnewsupdate #BTC☀ #CryptoMarketMoves
HAMSTER KOMBAT VS X EMPIRE PRICE:WHERE TO INVEST IN OCTOBER
Hamster Kombat Vs X Empire Price: Where to Invest in October? In this battle of Hamster Kombat Vs X Empire, the debate ends with increasing expectations from X Empire price, especially as HMSTR failed. $HMSTR vs #XEmpireVsHamsterKombat Updated: 10 Oct, 2024 | 01:28:07 PM GMT
In this already highly competitive market, the challenges are advancing, where more popular and advanced crypto games are entering the market. Talking of popular options, the Telegram tap-to-earn games are in the spotlight, especially with the rising Hamster Kombat Vs X Empire debate, as these are in the most demand these days. From gaming to investing with their token launches, these two are the highlight of the crypto market.
This hype started with their heavy reward system and airdrops, to token listing. With this, the eyes are on these two to earn the biggest profits, especially from the X empire price performance post-TGE. Hamster Kombat Vs X Empire Price: Analyzing Their Performances Hamster Kombat was introduced to the audience at the beginning of 2024 to offer simple profit-earning opportunities. This simple approach has turned into a community of 300M people in just a few months. However, there were a few challenges during the Hamster Kombat Airdrop, causing the HMSTR hashtag to trend on X. At this time, a big controversy surrounded this Telegram game due to last-minute changes with the airdrop distribution, but that got over soon with the HMSTR token launch a few days ago. However, there was another challenge, where the volatility drowned the token. The HMSTR price is below the $0.1 mark, showing signs of constant struggle since launch. Even at the time of writing, the HMSTR price is $0.003891, with a 55% drop in value since the launch. Moreover, it has market capitalization and trading volumes of $250.39 Million and $85.24 Million.
BUY $STAR On the other hand, X Empire is a blockchain project, not just a game like Hamster. It is focused on dApp development and has won popularity because of the animations of Elon Musk and other popular crypto influencers. More importantly, the X Emire Airdrop is also scheduled for later in this month, followed by a token generation event. This has increased its hype even more in the market, especially as the analysts anticipated the X Empire price to boom right from the beginning. This Hamster Kombat Vs X Empire comparison is quite engaging as the investors are actively eyeing these gaming tokens. Hamster Kombat Vs X Empire Investment For October HMSTR’s price has been struggling for days despite its heavy popularity. It is down by 7.5% in the last 24 hours and 19% over the week, disappointing its holders. The token lost its peak moments after its launch, with the sellers being active in the market. Moreover, volatility around the airdrop also impacts the price, but it might settle with time. Additionally, many crypto analysts have forecasted a full recovery, especially with the launch of the airdrop Season 2. Dear CEOs,We have added an option of keeping your tokens in the game (check the Airdrop section).If you decide to keep your tokens instead of withdrawing them, you’ll be (very) pleasantly surprised!Season 2 will bring a boost to the token holders!Stay tuned! We’ve… pic.twitter.com/aC1mJ8KvuH— Hamster Kombat (@hamster_kombat) October 8, 2024
Meanwhile, many analysts forecasted the X Empire price to start at $0.002 before aiming for $0.02-$0.03 per token. However, many factors should be considered to accurately predict the price. Moreover, a few analysts also believe the X price might follow the Kombat, putting an end to the Hamster Kombat Vs X Empire with a tie. This is due to their common features like high popularity, daily rewards, airdrop eligibility criteria, and much more. #XEmpire price post-TGE.👇Tokenomics Overview:Total supply: 690 billion X tokens 75% allocated to the community Major focus on player engagement & distributionLow Estimate: $0.002 If demand is modest and engagement remains average, $XEMP could settle around $0.002.… pic.twitter.com/nEfSF2bQcz— CRYPTO GEEK (@Crypto_geek___) October 4, 2024
Final Thought Hamster Kombat and X Empire are the most trending Tap-to-earn games at the moment and the biggest competitor to each other. However, it is difficult to conclude which one will perform better in the Hamster Kombat Vs X Empire debate, as both the games are in different phases. Here, Hamster Kombat has already finished the airdrop and token launch, but the same steps are pending for the X Empire. Additionally, due to many similarities, there is the possibility that the X Empire price might follow the HMSTR price pattern. #Xempireworld #hamsterkombat24 #Hamstercombo #Hamster
Top 3 Altcoins to Sell in Uptober Discover the top 3 altcoins to sell in Uptober 2024 as market conditions shift. Learn why they are showing signs of potential decline. #
HIGHLIGHTS FTX (FTT), Stacks (STX), and MANTRA (OM) show signs of dropping between 25% and 40% in October.After hitting a new all-time high, OM price is showing signs of a 34% correction.Despite FTX’s $16B reorganization plan, FTT price action shows a potential 37% drop. The crypto market is in the red today after a 3.2% sell-off. This price action is against investors’ hopes of a bullish October, dubbed “Uptober” by the crypto folks. With Bitcoin (BTC) looking ready to extend its losses, here are three altcoins to sell in Uptober ahead of the election results on November 5.
3 Altcoins to Sell in Uptober October has historically been one of the best months for crypto over the past 12 years, and many anticipate a new all-time high for Bitcoin. However, the total crypto market cap, excluding Bitcoin, has fallen by 5.68% since the start of the month. While analysts consider this drop to be within the expected 10% range, the Bitcoin Fear and Greed Index has dropped from 49 yesterday to 33 today, indicating growing investor fear. Here are three altcoins to consider selling before October ends. 1. FTX Token (FTT) FTT is the native token of the infamous FTX crypto exchange. While the token spiked by over 55% following the court approval of the FTX reorganization plan, it has also seen a sharp decline due to profit-taking, as evidenced by the long wicks.
FTT price is down 2.6% in the last 24 hours and is trading at $2.21. While the $16 billion compensation plan is good news for all of the crypto market, with selling pressure mounting, it could face a downturn in October. 2. MANTRA ($OM ) OM is the main utility and governance token of the MANTRA DeFi protocol. The token recently hit a new all-time high due to the anticipation of its upcoming main net launch, topping out at $1.4746.
BUY $STAR However, candlestick analysis shows weakness as the OM price reached a zone of resistance. The long upper wicks indicate buyer exhaustion, and the short consolidation period followed by a long black candle suggests sellers may be taking control.
Investors selling to make a profit could cause the price to drop as low as $0.85, a 34% drop from the current price. This makes OM one of the top altcoins to sell before October is over. 3. Stacks ($STX ) The Stacks network is a layer-2 solution for Bitcoin that enables the deployment of smart contracts and decentralized applications (dApps) on the Bitcoin mainnet. STX is the native token of the platform and has had a nice 30% pump ahead of the Nakamoto network upgrade and the launch of a new Bitcoin-pegged stablecoin, sBTC. While $STX is expected to benefit from the Nakamoto hard fork, selling pressure could affect its price, as the chart shows the asset in a pattern with a measured move of 25% to the downside.
The STX price is $1.69, representing a 3% decrease in the last 24 hours. A 25% drop from the current price will set it around $1.28. Conclusion While October is indeed a green month on average, it is good to check tokens that may perform better than others and diversify into them. On the other hand, tokens like FTX (FTT), Stacks (STX), and MANTRA (OM) show signs of dropping between 25% and 40% in October (Uptober), meaning they are altcoins to sell. #STX/USDT #FTXAuction #Ftx❓ #AltcoinInvesting #AltcoinGains
HOW TO EARN THE MOST DIAMONDS IN TH HAMSTER KOMBAT INTERLUDE SEASON
How to Earn the Most Diamonds in the 'Hamster Kombat' Interlude Season Diamonds will provide some kind of advantage in the next full season of Hamster Kombat. Here’s how to stack ‘em tall on Telegram.
The Hamster Kombat token launch is mere hours away, as of this writing, and the first season of gameplay has come to a close. That means, at least for now, no more tapping for virtual coins or upgrading your rodent-run crypto exchange for a share of the airdrop. But the smash Telegram game isn’t done. A second full season of gameplay is in the works, the developers said—and for at least a couple of weeks, there’s a simplified “interlude” season available right now that shakes up some familiar aspects of the tap-to-earn experience. You can only earn new in-game diamonds in this latest experience, and the developers have teased some kind of upcoming advantage for players who bother to put in the effort to pile up virtual diamonds during the interlude. Here’s a quick look at how to stack the most diamonds in Hamster Kombat before season two. #Hamstercombo #hamsterkombat24 #hamesterairdrop #HamsterKombat #TelegramCEO
HAMSTER KOMBAT OFFERS BONUS FOR TELEGRAM PLAYERS WHO STAKE AIRDROP TOKENS
Hamster Kombat’ Offers Bonus for Telegram Players Who Stake Airdrop Tokens The next season of Hamster Kombat is coming soon, and players who keep their HMSTR tokens in the game will receive some benefit.
$HMSTR Nearly 130 million Hamster Kombat players were eligible to claim the HMSTR token airdrop on The Open Network ($TON ) late last month, and many of those players likely took their bounty to a self-custody wallet or centralized exchange. But those who haven’t moved the tokens yet could secure a bonus for the next in-game season. In an announcement Tuesday, the developers of Telegram’s biggest crypto game to date said that airdrop recipients who keep their tokens within the game will earn a bonus when the planned second season begins. “If you decide to keep your tokens instead of withdrawing them, you’ll be (very) pleasantly surprised!” the announcement reads. “Season 2 will bring a boost to the token holders!” It’s still unknown when the benefit for players will be, but it’s similar in approach to what influential Telegram game $NOT did earlier this year. Before the airdrop, Notcoin said that players could keep their tokens in the game to raise their status level, making them eligible to earn a larger share of future token drops and other prospective benefits. The Hamster Kombat feature is similar to staking, a common feature offered by crypto projects that lets users earn some type of yield on their tokens—whether it’s an interest-like benefit of additional tokens, or some other type of access or benefits. The developers don’t specifically call this feature staking, however. Decrypt asked a representative for the game if this is an on-chain staking feature, but did not immediately receive a response. Decryptalso inquired about the planned benefits and the launch timing for the next season, and will update this story if we receive a response. #Hamstercombo #hamsterkombat24 #HamsterKombat #Hamster #tonecoin
Last Updated Oct 10, 2024 @ 13:38 Bitcoin’s $BTC rejection at $66K and the break below the 200-day moving average suggest that bearish sentiment is gaining strength. If the price fails to hold the $60K support, the likelihood of a mid-term decline toward the $52K-$55K zone increases. Technical Analysis
The Daily Chart On the daily chart, Bitcoin’s surge above both the 100-day and 200-day moving averages briefly revived bullish sentiment. However, upon reaching the $66K resistance zone, substantial selling pressure emerged, halting the uptrend. This area has historically served as a robust multi-month resistance, and Bitcoin’s failure to surpass it resulted in a significant rejection. Currently, Bitcoin is trading below the 200-day moving average of $63.4K and resting on the 100-day moving average of around $61K. This zone is critical, as the $60K support region is both psychological and substantial. If Bitcoin breaks below this barrier, a mid-term decline toward the $52K-$55K range becomes likely. This area represents the next major support level and could be the target if bearish momentum continues.
The 4-Hour Chart On the 4-hour chart, Bitcoin’s surge was met with heavy resistance in the 0.618-0.786 Fibonacci OTE retracement zone, which corresponds to the $66K price level. This selling pressure led to a sharp rejection, resulting in a 10% decline. The presence of sellers near the $66K level indicates that it remains a formidable barrier, acting as a key resistance level in the broader market outlook. As a result, Bitcoin is expected to enter a short-term consolidation phase, with the $60K psychological support being the next crucial level to watch. If Bitcoin ($BTC holds above this support, it may consolidate before attempting another upward move. However, if the $60K support is breached, a deeper retracement toward the $55K level becomes highly probable, marking a potential shift to a sustained bearish trend.
On-chain Analysis
The Bitcoin Coinbase Premium Index is a key indicator that helps assess whether U.S. institutional investors or large traders are actively buying or selling $BTC on Coinbase compared to other exchanges. Currently, the index shows negative values, indicating a bearish sentiment in the market, with either significant selling pressure or a pause in accumulation by large investors. In the short term, this negative premium reflects a lack of demand from U.S.-based institutional investors, contributing to bearish market sentiment. However, this period of low sentiment for long-term holders can often present attractive buying opportunities. From a broader perspective, while the market is still moving within a descending trend channel, both accumulation and selling pressure seem to be tapering off. This suggests a period of market indecision where neither bulls nor bears have a firm grip on the direction of price action. As a result, this is not an ideal time for short-term trading, as the lack of a clear trend introduces increased risk.