EmiN
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#BITCOIN BULL MARKET IS COMING 🚨
$4.5 trillion Fidelity filed an updated version of its spot #Bitcoin ETF application after SEC feedback.
$BTC
$4.5 trillion Fidelity filed an updated version of its spot #Bitcoin ETF application after SEC feedback.
$BTC
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The analyst predicts that XRP will rise to $130 in 2024!!!
Captain XRP, a cryptanalyst and prominent member of the XRP community, made this prediction after observing XRP price movements since 2017. He presented a weekly chart detailing the formation of a symmetrical triangle.
XRP forms a symmetrical triangle
The chart data shows that XRP has been trading inside this symmetrical triangle for the past six years, forming the lower trendline of the triangle since March 2017.
XRP 1W Chart | Captain XRP
Notably, XRP has seen impressive growth since the start of 2017, ending the year with notable gains. The rally continued into 2018, leading to an all-time high of $3.31 in January 2018. As the asset continued to make higher lows during the 2017 rally, it formed the lower trendline of a symmetrical triangle.
The top trendline of the triangle formed as XRP crashed from an all-time high of $3.31. After falling below this threshold, XRP was unable to regain its price. Instead, the asset showed a steady decline
$XRP
Captain XRP, a cryptanalyst and prominent member of the XRP community, made this prediction after observing XRP price movements since 2017. He presented a weekly chart detailing the formation of a symmetrical triangle.
XRP forms a symmetrical triangle
The chart data shows that XRP has been trading inside this symmetrical triangle for the past six years, forming the lower trendline of the triangle since March 2017.
XRP 1W Chart | Captain XRP
Notably, XRP has seen impressive growth since the start of 2017, ending the year with notable gains. The rally continued into 2018, leading to an all-time high of $3.31 in January 2018. As the asset continued to make higher lows during the 2017 rally, it formed the lower trendline of a symmetrical triangle.
The top trendline of the triangle formed as XRP crashed from an all-time high of $3.31. After falling below this threshold, XRP was unable to regain its price. Instead, the asset showed a steady decline
$XRP
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Investors transferred $200 million in Bitcoin to Binance
Network metrics indicate that investors transferred about $200 million worth of Bitcoin coins to Binance. This happened as the flagship of the crypto market settled below $27,000. Analyst James Straten drew attention to the volume of net exchange flow. An increase in this variable indicates that trading participants are actively transferring their cryptoassets to centralized sites. This can be interpreted as a strong bearish signal.
Meanwhile, Bitcoin itself is trading near $26,800, continuing to experience significant bearish pressure. If we talk about the fundamental component, the focus of investors' attention was the recent publication of updated inflation data in the United States. It is noteworthy that the consumer price index did not change and amounted to 3.7% per annum. However, the industrial inflation metric increased sharply from 0.6% to 2.2%.
Network metrics indicate that investors transferred about $200 million worth of Bitcoin coins to Binance. This happened as the flagship of the crypto market settled below $27,000. Analyst James Straten drew attention to the volume of net exchange flow. An increase in this variable indicates that trading participants are actively transferring their cryptoassets to centralized sites. This can be interpreted as a strong bearish signal.
Meanwhile, Bitcoin itself is trading near $26,800, continuing to experience significant bearish pressure. If we talk about the fundamental component, the focus of investors' attention was the recent publication of updated inflation data in the United States. It is noteworthy that the consumer price index did not change and amounted to 3.7% per annum. However, the industrial inflation metric increased sharply from 0.6% to 2.2%.
#MyFirstFeedPost Hello, Binance Square!
Hong Kong's crypto hub dream mired in high costs, other barriers one year on, with JPEX but one stumbling block
On Halloween last year, the giant virtual head of Sam Bankman-Fried displayed on a monitor sat on stage for Hong Kong's FinTech Week, where he was asked about the city's plans to become a "global crypto hub".
"I think [Hong Kong] could regain that status," he told the crowd gathered in the hall to see the then-billionaire dial in remotely from the Bahamas, where he had moved his crypto exchange and related trading house Alameda Research from the city he was addressing. "When you look at the East, it's not obvious ... It could be Hong Kong, it could be Singapore, it could be one of the other places."
One year on, it is still not obvious. After bankrupting his companies, Bankman-Fried is in custody in the US and facing trial for embezzlement, among other charges. Several other exchanges with ties to Hong Kong have either gone under or faced extreme financial difficulties. Most recently, the JPEX scandal has seen more than HK$1.5 billion (US$192 million) go missing after more than 2,500 complaints against the ostensibly Hong Kong-based exchange, run by people who have still not been identified, leading to at least 28 arrests.
Hong Kong's crypto hub dream mired in high costs, other barriers one year on, with JPEX but one stumbling block
On Halloween last year, the giant virtual head of Sam Bankman-Fried displayed on a monitor sat on stage for Hong Kong's FinTech Week, where he was asked about the city's plans to become a "global crypto hub".
"I think [Hong Kong] could regain that status," he told the crowd gathered in the hall to see the then-billionaire dial in remotely from the Bahamas, where he had moved his crypto exchange and related trading house Alameda Research from the city he was addressing. "When you look at the East, it's not obvious ... It could be Hong Kong, it could be Singapore, it could be one of the other places."
One year on, it is still not obvious. After bankrupting his companies, Bankman-Fried is in custody in the US and facing trial for embezzlement, among other charges. Several other exchanges with ties to Hong Kong have either gone under or faced extreme financial difficulties. Most recently, the JPEX scandal has seen more than HK$1.5 billion (US$192 million) go missing after more than 2,500 complaints against the ostensibly Hong Kong-based exchange, run by people who have still not been identified, leading to at least 28 arrests.
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