Experts have named the main reasons for the fall in the price of bitcoin in August 2024, despite the general influx of capital into the exchange-traded fund market. Bitcoin's price has shown negative dynamics in August, falling by almost 8%. This result is weaker than the performance of stocks and bonds, which rose by about 2% over the same period, according to Bloomberg data as of August 30. Experts attributed this to a decrease in liquidity in the spot market for the main cryptocurrency, despite the general inflow into bitcoin-based exchange-traded funds observed in August.
Binance and Bybit have changed the set of trade data they publish to show one liquidation per second instead of reporting all liquidations. OKX also shows a maximum of one order per second, and their data does not reflect the total number,” Lunde said.
By limiting the transparency of liquidation data and hiding important information as well, exchanges gain a deeper understanding of the overall risk profile than any other organization, Lunde believes. And some may even be interested in reselling trade information that the rest of the market does not have.
In cryptocurrency markets, a liquidation is when an exchange forcibly closes a trader’s leveraged position due to a partial or complete loss of their initial margin. This occurs when a trader fails to meet the margin requirements of a leveraged position, meaning they do not have sufficient funds to maintain an open trade. Liquidations occur in both margin and futures trading.
If you decide to enter memes, it is important to remember a few rules that will protect your portfolio from large losses.
✔️ Do not invest all your savings in memes, this is too volatile and a risky asset. ✔️ Cash out your profits on time: don’t wait for the project to make 1000x. It is better to wait for the conditional 10x and convert the profit into SOL/stables so as not to lose 70% the next day.
✴#BTC#crypto#presentation#forecast After the halving in 2012, the price of BTC reached a maximum of 367 days
After the halving in 2016, the price of BTC reached a maximum of 526 days
After the 2020 halving, the price of BTC reached a maximum of 547 days
historical pattern shows that now the BTC rate is still far from the top of the market - experts (but this is not certain) —————————— growth typically continued for 12-16 months after the halving
Crypto exchange HTX (formerly Huobi) announced the launch of a decentralized autonomous organization (DAO). All holders of HTX exchange tokens will be able to participate in the management of the project. As representatives of HTX DAO write, its establishment, aimed at exploring the prospects of the blockchain ecosystem, “will open a new chapter in decentralized governance.” According to the official website, HTX DAO invites all HTX token holders, including ecosystem developers and partners, to participate in the project. Voting on participant proposals will be carried out within the network with protection from unauthorized access and falsification, which will ensure transparency, efficiency and fairness of the governance mechanism. In the future, HTX DAO will also act as a liquidity provider for the HTX and Poloniex exchanges. The organization offers a yield of up to 30% per annum for supplying liquidity to the HTX/TRX pool on the Sun io platform in the TRON network, the funds will be used to develop the ecosystem. The head of the HTX and Poloniex crypto exchanges, as well as the creator of the TRON blockchain, is Justin Sun. Last November, both trading platforms were hacked in turn for a total of over $210 million. The businessman pledged to cover the losses and conduct an airdrop for users after the exchanges were fully restored. In turn, TRON attracted the attention of analysts as the most popular blockchain among terrorists. In response, Sun stated that the project team is committed to combating the financing of terrorism, but its top priority remains maintaining decentralization, ensuring the safety of assets and ensuring instant, accessible and reliable transactions. TRON surpassed 200 million users in early December. By the end of December, The number of active users for 30 days Tron with a large margin took first place (43 million). In December, the financial exploration of India called for the HTX website for violation of the Aml-Wakes, and the Apple removed the Exchange from the local App Store. #CryptoLady #Cryptocurrrency 5027623770#CryptoLady 554542 581730#CryptoNews🔒📰🚫
Mark Yusko: “The fair price for Bitcoin is $50,000”
Morgan Creek Capital CEO Mark Yusko shared his thoughts on the recently approved Bitcoin spot ETFs in the United States and their potential impact on the cryptocurrency market. Mark Yusko acknowledged that the emergence of cryptocurrency exchange-traded funds tied to Bitcoin in the United States is an important step for its widespread adoption. However, average investors, especially those from the baby boomer generation born between 1946 and 1964, may not be tech-savvy enough to understand triple-entry bookkeeping. Yusko noted that the cryptocurrency exchanges Coinbase and Kraken greatly simplify the process of buying Bitcoin for investors. Responding to concerns that a spot Bitcoin ETF could reduce the volatility of the first cryptocurrency, Yusko said that this is a natural process that is associated with the maturation of the crypto market. The head of Morgan Creek Capital recalled the early days of Bitcoin, noting that its growth from a small pilot project to an established asset class naturally leads to reduced volatility. According to Yusko, volatility is an integral aspect of Bitcoin. Yusko confirmed his previous forecast regarding the first cryptocurrency. According to his estimates, the fair value of BTC should now be $50,000, and by the time of halving, Bitcoin will approach this mark so that miners remain profitable. After reducing the reward to miners, the fair value of Bitcoin may double, and already in 2024 the BTC rate will be in the six-digit range, Yusko suggested. However, he expects less dramatic price movements compared to previous cycles. Regarding the possible approval of a spot ETF for ether, the CEO of Morgan Creek Capital did not give encouraging forecasts. The approval process for Ether ETFs can be much more complex. The US Securities and Exchange Commission's (SEC) position that ether is not a security may change. Therefore, the chances of approval of exchange-traded funds linked to ether are less than 50%, Yusko concluded. Last year, the founder of Morgan Creek Capital said that sooner or later the whole world will use Bitcoin. #CryptoLady #cryptonewstoday #Cryptocurrrency
Sentiment on the crypto market became “neutral” after the approval of the Bitcoin ETF
According to the index of fear and greed of cryptocurrencies compiled by the Alternative.me tracker, on Monday the sentiment in the cryptocurrencies market became “neutral” after almost three months of being in the f aze “greed”. The index currently shows a score of 52, which indicates neutrality on a scale of 0 to 100. Levels close to zero indicate “extreme fear,” and levels close to 100 indicate they call for “extreme greed.” The indicator has remained in “greed” territory since October 24 last year and reached a maximum of 76 points on January 9 in anticipation of US approval of spot bitcoin exchange-traded funds. According to T. market, the index takes into account many factors, such as volatility, market volume, social networks, dominance and trends. Over the past 24 hours, the price of Bitcoin has fluctuated in the range from $41,753 to $43,005, the current price is approximately $42,200.#CryptoLady #cryptonewstoday 61776678 503
Analytic Ali Maptinec dropped Dogecoin (DOGE) above $0.10
Given that the previous week brought profits to the cryptocurrency market, some digital assets showed promising signals that may indicate their future movement. Recently, on the Dogecoin 3-day chart, TD Sequential gave a buy signal. The probability of a recovery to $0.1 or higher seems considerable; much will depend on the stable stability of the $0.074 support cluster, says cryptanalyst Ali Martinez. TD is a reliable tool created to accurately determine the moment of trend fatigue and the subsequent price reversal. As a tool, it eliminates the limitations observed in various technical analysis indicators that prove profitable in trending markets and demonstrate suboptimal results on volatility current markets. To determine whether a potential DOGE surge is promising, you should use a variety of technical indicators. The Relative Strength Index (RSI) is designed to display current and past market strengths or weaknesses based on closing prices observed during the last trading session. oh period. Despite the recovery in the Dogecoin price, the daily relative strength index (RSI) does not give any optimistic indications. A value above 50 and an upward trajectory indicate a bullish dominance, while values below 50 are bearish. At the moment of publication, the daily RSI was at 47. The current price of DOGE is $0.0804, marking a daily decrease of -2.2%, extending the weekly chart by 1.7%. technical indicators are unfavorable for DOGE prices, tending to the "supply" signal at point 11, then the sliding fronts coincide with the "supply" command at point 10. On the other hand, the oscillators move to the neutral position, indicating that enie 9.#Dogecoin-DOGE #CryptoLady #investors
According to the agency, the rapid decline in the value of the shares of the American company is due to increased competition from China and a drop in demand for cars. It is noted that in 2023, Tesla doubled its capitalization, however, after reports from one of the largest car rental players, Hertz Global Holdings Inc. about the abandonment of electric vehicles, the company’s shares plummeted. “Investors’ main concern regarding Tesla is the stagnation of growth in the electric vehicle market,” Bloomberg quotes Cowen analyst Jeffrey Osborne as saying. Tesla recently announced another price cut for its products in China as part of competition. #CryptoLady #FinancialFreedom
Which cryptocurrency should you buy in 2024 - Ethereum or Solana?
The host of the YouTube crypto channel Coin Bureau, Guy Turner, analyzed two competing blockchains, Ethereum and Solana, to help users choose the most suitable option. The comparison was made from the point of view of financing, technology, tokenomics and implementation. The cryptanalyst believes that the Ethereum framework is superior to the Solana network, despite the fact that the latter attracted significantly more funds at early stages. According to Turner, if both projects were created in the same season, Ethereum would undoubtedly attract more funds than Solana. The reason for this is that Ethereum is a crypto project that introduced smart contracts, and Solana can be seen as a solution aimed at becoming a faster version of Bitcoin oina. Turner favors the security and decentralization of Ethereum over Solana's emphasis on scalability. He believes that the Solana model is leaning towards centralization and could mean a “race to the bottom,” ending with all cryptocurrencies running on a centralized server , controlled by the FPC. At the same time, the analyst added that Solana as an ecosystem has much more opportunities for growth compared to Ethereum. According to Turner, Solana has the same number of monthly active users as Ethereum, despite the former’s much more modest numbers. He believes that this is an impressive indicator, foreshadowing the transformation of Solana into the most active blockchain of all. However, he noted that the implementation of Solana is happening mainly in the United States, where crypto projects face significant regulatory obstacles. Despite the fact that the expert considers Ethereum to be a more ideal cryptographic solution, noting its decentralized properties, he believes that Solana has more opportunities for growth.806 07723511#Ethereum! #CryptoLady #SolanaTrade #cryptonewstoday
An American non-profit organization was outraged by the launch of a spot Bitcoin ETF
The American non-profit organization Better Markets, created to bolster public interest in financial markets and the economy, expressed concern about the Securities Commission's approval of the boom gam and US exchanges (SEC) spot bitcoin ETF. According to its management, instead of protecting crypto investors, the SEC allowed “mass marketing of obviously useless, volatile and fraudulent financial about the product among ordinary Americans." On January 11, Better Markets published a press release in which it stated that the law does not support US regulators approving applications for ETFs. She also criticized claims that the SEC was forced to take this step after Grauscale's court victory. Let us recall that in August 2023, the US court ruled that the SEC’s rejection of the application for a spot Bitcoin ETF from Grauscale represented a “subjective and arbitrary” decision. However, Better Markets disagreed with suggestions that the SEC's defeat would mean it would have to approve the ETF. The court in the Grauscale case simply stated that the SEC failed to sufficiently explain its previous refusal. The SEC could and should have rejected applications for ETFs and justified its decision in more detail, pointing out that “up to 77.5% of total trading volume on unregulated exchanges occurs due to "bogus trading" and that as many as 95% of Bitcoin trading "could also be “the result of fictitious trading,” said the non-profit organization. Better Markets also noted that BTC supporters will most likely position this decision as a kind of government support for cryptocurrencies. Paying attention to BTC and cryptocurrencies in general, representatives of the organization state that the main cryptoasset remains a “worthless financial product” that is preferred only speculators, gamblers and criminals. Better Markets’ position is that no regulator has ever been able to effectively control the crypto industry. The company also criticized the Chairman of the US Commodity Futures Trading Commission (CFTC) Rostin Benham, who, in their opinion, turned out to be “nothing more than a biased supporter of crypto currencies".#CryptoUpdate #crypto2024 #CryptoLady #BTC-ETF. #CryptoNewsUpdate
Ark Invest CEO Katie Wood expects Bitcoin to rise to $1.5 million by 2030
General Director of Ark Investment Management (hereinafter referred to as Ark Invest) Katie Wood increased her forecast for the price of Bitcoin after the approval of 11 spot exchange-traded funds for Bitcoin by the US Securities and Exchange Commission (SEC ). Referring to the asset management company's annual report "Big Ideas Ark 2023", which highlights the "technological breakthroughs developing today and creating the potential for epxexponential growth tomorrow,” Wood noted the following: Our base scenario for the price of Bitcoin is in the range of $600,000. According to Ark predicts that in the future the price of BTC will reach $1.48 million per coin. We believe that the likelihood of a bullish scenario has increased after the approval of the ETF, this is a green light. Our bull case scenario calls for $1.5 million by 2030. This is the first global decentralized digital... rules-based monetary system in history. This is a colossal innovation. Ark and 21shares' proposal for a spot Bitcoin ETF was among 11 applications approved by the SEC this Wednesday. On the first day of trading, the trading volume of spot Bitcoin ETFs amounted to $4.6 billion. The court is of the opinion that spot Bitcoin ETFs will attract significant institutional flows into Bitcoin, which will lead to a large increase in the price of BTC.#CryptoLady #CryptoUpdate #BTC!💰 #CryptoNews🔒📰🚫
The most anticipated event in the crypto world: SEC approved Bitcoin ETF!
On Wednesday, January 10, the US Securities and Exchange Commission (SEC) approved a Bitcoin ETF. This means that the commission has allowed the creation and trading of Bitcoin-related funds on exchanges.
Regulated ETFs tied to the world's oldest cryptocurrency will allow investors to participate in trading without having to open cryptocurrency wallets. ETFs are the first step towards bringing classic financial products and structures to digital assets.
This event can be considered a turning point for the cryptocurrency industry. This increases confidence in digital assets and opens the cryptocurrency market to millions of ordinary investors.
Many market participants have been expecting this event for the past year, which could be one of the factors in the rise in the price of Bitcoin. Let us remind you that its cost has increased 2.5 times since the beginning of 2023.
CFTC Head: Competition with SEC creates difficulties in crypto regulation
Chairman of the US Commodity Futures Trading Commission (CFTC), Rostin Benham, believes that many cryptocurrencies fall within the definition of a commodity under existing law. This point of view contradicts the opinion of the head of the Securities and Exchange Commission (SEC), Gary Gensler, who previously stated that all cryptocurrencies, with the exception of Bitcoin, can be recognized as investment contracts. In a new interview with CNBC, Benham acknowledged that there is competition between agencies for control of the industry, and this creates difficulties in regulating digital assets. Material from International Business TimesWhat else is known? Late last year, Benham argued that Bitcoin is the only cryptocurrency that can be considered a commodity. At the same time, he called for the creation of a regulatory framework for cryptocurrencies as soon as possible, while giving the CFTC more powers to regulate the sector. Already in March of this year, the CFTC filed a lawsuit against the Binance crypto exchange in connection with violations of derivatives trading rules, where the category of goods, in addition to Bitcoin, also included Ethereum and Litecoin. Benham later said that not only the assets in the lawsuit should be classified as commodities, but also all stablecoins. In a new interview, Benham reiterated the urgent need to introduce rules to regulate the crypto market, adding that “members of Congress are already looking into the situation.” Earlier in this This year, the relevant committee of the House of Representatives adopted two major bills that will clarify the application of existing financial rules to crypto firms. The documents will need to receive approval from both houses of Congress to take effect. While Benham acknowledged that there is a “turf war” between the CFTC and the SEC, he also noted the active cooperation of the agencies, as both have “the same interest in protecting the markets, the country’s financial ecosystem and consumers.” .#cryptocurreny #CryptoLady #CryptoNews #BTC🔥🔥
The weekly trading session started with a slight positive note.
📌The volume of industrial profits in China has been negative since the beginning of the year, the maximum losses were recorded in March, more than 22%. However, starting in April, the situation began to improve and profits began to grow. And although the industry in China has still not come out of the red on an annualized basis, losses have decreased significantly. In October, the reduction in losses amounted to 1.2% from -9% to -7.8%.
📌There was no significant news in Europe today; we can only note a slight increase in the total number of unemployed in France.
📌The news in the USA was contradictory. The number of building permits issued increased by 1.8%, most likely a consequence of a decrease in average mortgage rates. But sales of new housing fell sharply this time, by 5.6%. After the release of this news, the dollar strengthened moderately.
The Cosmos Hub network will hold a halving and reduce the inflation rate ATOM
The developers of the Cosmos Hub blockchain, which is part of the Cosmos Network, intend to carry out halving and reduce the inflation rate of the Cosmos cryptocurrency (ATOM). On November 26, voting for halving in the Cosmos Hub network ended. 41.1% of members of the crypto community supported this initiative, and 31.9% were against it. As a result, programmers will release an update that will “halve the reward” for adding blocks. After the update is implemented, the profitability of Cosmos staking will drop from 19% to 13.4%. Despite the decrease in revenue, almost all 180 validators will break even or even continue to earn profit. In addition, in order to cover their expenses, they will be able to increase the size of the commission for processing transactions. The magnitude of the reward for adding blocks depends on the number of blocked Cosmos and amounts to up to 20% of staking coins. Thus, validators who store 100,000 ATOM receive up to 20,000 coins within a year. The developers of Cosmos Hub believe that they are overpaying the network nodes and are accelerating the inflation rate too much, so experts proposed halving the reward and achieved the support of many users blockchain tree.#ATOM #blockchain! #CryptoLady #CryptoNews #Crypto2023
Crypto exchange Zipmex Thailand announced the cessation of operations
Thailand-based cryptocurrency trading platform Zipmex has announced that it is suspending trading of digital assets until operations are brought into compliance with national regulations - for now, at least for clients in the company's home country. The suspension of activities occurred at the request of the Securities and Exchange Commission (SEC) of Thailand, the official statement of the cryptocurrency platform says: “Zipmex is obliged to temporarily suspend its business operations, trading and storage of all types of digital assets until the activities are brought into compliance with the criteria established SEC of Thailand." The exchange team clarified that withdrawal transactions will be processed as usual until January 31, 2024. After this date, customers will need to contact Zipmex support for assistance with withdrawals. The Thai SEC has limited the activities of the cryptocurrency platform due to violation of the rules for storing digital assets, using user deposits to cover operating expenses, as well as withdrawing assets and redirecting clients to the Singapore platform Zipmex Pte. In March, the Zipmex cryptocurrency exchange announced a possible liquidation and informed shareholders that it lacked funds to maintain operations.#CryptoLady #Crypto2023 #CryptoNews #cryptocurrency