FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources
BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event. #BTC
PANews news on January 17, Ethereum core developer Tim Beiko said on the X platform that the Goerli testnet has undergone a Dencun hard fork. "The engagement wasn't very high, but it was to be expected," Beiko said. Blobs are pouring in. So far, we've seen dozens of blobs on the web (although most of them are empty). If we don't see more validator upgrades, we may do a proper non-finality test on this in the next few hours/days. ” Previously, Ethereum's latest meeting once again confirmed that the Dencun upgrade will be carried out on the Goerli Testnet on January 17, and if all goes well, developers will release the Goerli client next week and the Sepolia/Holesky client in the week of January 22. $ETH
In the world of cryptocurrency trading, candlestick charts are a fundamental tool used to analyze price movements and make informed trading decisions. Each candlestick represents a specific time period, typically one minute, one hour, or one day, and comprises four key price points:
Open: The price at which the cryptocurrency first traded during the time period represented by the candle.
High: The highest price reached by the cryptocurrency during the time period.
Low: The lowest price reached by the cryptocurrency during the time period.
Close: The price at which the cryptocurrency last traded during the time period.
The color of the candlestick indicates whether the price closed higher or lower than it opened. Green candles signify a higher closing price, suggesting an upward price trend, while red candles indicate a lower closing price, suggesting a downward price trend.
Cryptocurrency traders often interpret candlestick formations to identify potential buying and selling opportunities. Some common candlestick patterns that signal potential price movements include, see it in the below picture.
The below tips are for those whose new in cryptocurrencys.
1. Do your own research: Before investing in any cryptocurrency, make sure you understand its underlying technology, the team behind it, and the current market trends. Don't rely on rumors or advice from strangers. Take the time to research and due diligence on the project.
2. Use stop-loss orders: Crypto markets can be highly volatile, and prices can fluctuate rapidly. To minimize losses, use stop-loss orders to automatically sell your assets when they reach a certain price. This will help you limit your losses and avoid significant losses due to market fluctuations.
3. Diversify your portfolio: Don't put all your eggs in one basket. Diversify your portfolio by investing in different cryptocurrencies, sectors, and assets. This will help you spread risk and increase potential gains.
4. Don't get emotional: Crypto trading can be emotional, especially when prices are fluctuating rapidly. Avoid making impulsive decisions based on emotions. Stick to your trading plan and strategy, and don't let emotions cloud your judgment.
Assuming you are willing to invest $100 in a token and you decided to be buying everyday the total investment amount will be divided into chunks let say $10s that is it will be divided into 10 chunks where $10 order will be executed everyday regardless of the coin price, in this case the order will continue executing everyday for 10 days and you will be buying with different price range, with this strategy we will build up a Ten-days-term position while the downtrend runs its course and we have also mitigated some of the risks of buying in a downtrend. Also the time for dca1 and dca2 is when the coin costs become decreased and we need to buy it, and this process need a strong monitoring...
What's Dollar Cost Averaging? Dollar-cost averaging is a good strategy for investors with lower risk tolerance since putting a lump sum of money into the market all at once can run the risk of buying at a peak, which can be unsettling if prices fall.