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#DeFiGetsGraded 📉 Market Overview
BTC: $118,661
ETH: $4,301
Fear/Greed Index: 68 (greed)
BTC.D (Bitcoin dominance): 60.58%
📈 Yesterday, we once again tested the trendline, held the key level, and are now looking upward — with a target around $123K, where I see the largest liquidity pool.
❕ The gap? Just a matter of time. We’ll close it either now or after a push upward. Personally, I’m betting on the latter, but the final word will come from the price reaction to the trendline.
BTC: $118,661
ETH: $4,301
Fear/Greed Index: 68 (greed)
BTC.D (Bitcoin dominance): 60.58%
📈 Yesterday, we once again tested the trendline, held the key level, and are now looking upward — with a target around $123K, where I see the largest liquidity pool.
❕ The gap? Just a matter of time. We’ll close it either now or after a push upward. Personally, I’m betting on the latter, but the final word will come from the price reaction to the trendline.
$BNB 📉 Market Overview
BTC: $118,661
ETH: $4,301
Fear/Greed Index: 68 (greed)
BTC.D (Bitcoin dominance): 60.58%
📈 Yesterday, we once again tested the trendline, held the key level, and are now looking upward — with a target around $123K, where I see the largest liquidity pool.
❕ The gap? Just a matter of time. We’ll close it either now or after a push upward. Personally, I’m betting on the latter, but the final word will come from the price reaction to the trendline.
BTC: $118,661
ETH: $4,301
Fear/Greed Index: 68 (greed)
BTC.D (Bitcoin dominance): 60.58%
📈 Yesterday, we once again tested the trendline, held the key level, and are now looking upward — with a target around $123K, where I see the largest liquidity pool.
❕ The gap? Just a matter of time. We’ll close it either now or after a push upward. Personally, I’m betting on the latter, but the final word will come from the price reaction to the trendline.
$BNB #DeFiGetsGraded 📉 Market Overview
BTC: $118,661
ETH: $4,301
Fear/Greed Index: 68 (greed)
BTC.D (Bitcoin dominance): 60.58%
📈 Yesterday, we once again tested the trendline, held the key level, and are now looking upward — with a target around $123K, where I see the largest liquidity pool.
❕ The gap? Just a matter of time. We’ll close it either now or after a push upward. Personally, I’m betting on the latter, but the final word will come from the price reaction to the trendline.
BTC: $118,661
ETH: $4,301
Fear/Greed Index: 68 (greed)
BTC.D (Bitcoin dominance): 60.58%
📈 Yesterday, we once again tested the trendline, held the key level, and are now looking upward — with a target around $123K, where I see the largest liquidity pool.
❕ The gap? Just a matter of time. We’ll close it either now or after a push upward. Personally, I’m betting on the latter, but the final word will come from the price reaction to the trendline.
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Binance Academy
--
What Is Bitcoin and How Does It Work?
Key Takeaways
Bitcoin is the first cryptocurrency to be ever created. It was created in 2008 and launched in 2009 by pseudonymous Satoshi Nakamoto.
Bitcoin runs on blockchain technology, which works like a public ledger. All Bitcoin transactions are verified by a network of nodes spread around the world.
Bitcoin is decentralized, transparent, and open source, making it a popular alternative to traditional financial systems.
What Is Bitcoin?
Bitcoin is essentially digital money. It is the first cryptocurrency ever created, announced in 2008 (and launched in 2009). Bitcoin allows users to send and receive digital money called bitcoins (with a lowercase b, or BTC for short).
Unlike traditional fiat currencies issued by governments (like dollars or euros), Bitcoin is decentralized, meaning no single institution, government, or entity controls it. Transactions are conducted peer-to-peer, removing the need for banks or financial institutions to act as intermediaries.
What makes Bitcoin highly appealing is its inherent resistance to censorship, the impossibility of double-spending funds, and the ability to conduct transactions anytime and anywhere.
How Does Bitcoin Work?
Bitcoin operates on blockchain technology, a public ledger that records all transactions. This means every Bitcoin transaction is transparent, verifiable, and secure.
Imagine blockchain as a chain of blocks, where each block holds information about transactions. Every time someone uses Bitcoin, their transaction is added to the blockchain, and this record is stored across a global network of computers (called nodes).
This distributed network ensures that no single party can manipulate the data. Anyone can participate in the ecosystem by downloading Bitcoin's open-source software.
Decentralization: Bitcoin's blockchain is maintained by a distributed network of computers, ensuring no central authority controls the ledger.
Immutability: Once a transaction is added to the blockchain, it cannot be altered or deleted.
Security: Transactions are encrypted using cryptography, and verifying each block requires solving complex mathematical puzzles, a process known as mining.
BTC transaction example
When Alice sends a BTC transaction to Bob, the blockchain database updates their balances (e.g., removing 1 BTC from Alice and adding 1 BTC to Bob’s balance). It's like Alice is writing on a piece of paper (that everyone can see) that she's giving Bob 1 BTC.
When Bob goes to send the same funds to Carol, the network can easily check if he has enough BTC balance. The blockchain acts like a digital ledger that tracks all Bitcoin transactions and keeps the users’ balances up-to-date.
Since the network is decentralized, all participants (nodes) have an identical copy of the database (blockchain ledger) stored on their devices. So, they have to communicate constantly to synchronize new information.
Bitcoin mining
Bitcoin mining is the process that secures the Bitcoin network and confirms transactions. When a user makes a BTC transaction, they broadcast it to the network, where it is verified by other nodes known as "miners".
In other words, mining refers to the process of verifying transactions and recording them into the blockchain database (ledger). To do so, miners compete to solve a complex math problem, which requires a lot of computing power.
The first miner to solve the puzzle gets to add a new block of transactions to the blockchain. In return, they are rewarded with new bitcoins. The high cost of mining is one of the things that keep the network secure, and the block rewards given to miners are the only source of “fresh” bitcoins. Each block mined adds a certain amount of coins to the total supply.
Proof of Work (PoW)
To maintain the security and integrity of the blockchain, Bitcoin uses a consensus mechanism known as Proof of Work (PoW). It’s an essential part of the mining process described above.
PoW is a mechanism created along with Bitcoin to prevent double-spending in digital payment systems. Besides Bitcoin, many cryptocurrencies use PoW as a method for securing their blockchain network.
When we talk about a “complex math problem” that miners have to solve, we are basically talking about PoW. It was designed to make it expensive to create a block, but cheap to verify that it's valid. Suppose someone tries to cheat with an invalid block. In that case, the network immediately rejects it and the miner is unable to recoup the cost of mining.
What Is Bitcoin Used For?
Bitcoin is primarily used as a digital currency and store of value. It can be used to make purchases online or in person, similar to traditional currencies. More and more businesses are accepting Bitcoin as a payment method. From online retailers to brick-and-mortar stores.
You can also use Bitcoin to send money to anyone across the globe quickly and with relatively low transaction fees compared to traditional banks and remittance services.
As an investment, many people buy Bitcoin, hoping its value will continue to rise. While the price of BTC can be volatile, some investors see it as a way to diversify their portfolios and hedge against inflation in the long term.
Who Created Bitcoin?
Bitcoin was first introduced in 2008 when Satoshi Nakamoto published a whitepaper entitled "Bitcoin: A Peer-to-Peer Electronic Cash System". This paper introduced a new digital currency that would operate on a decentralized system without relying on governments or the banking system.
In January 2009, the Bitcoin protocol was released, and the first bitcoin transaction took place between Satoshi Nakamoto and a programmer named Hal Finney. The transaction involved sending ten bitcoins from Nakamoto to Finney.
After the first transaction, more people began to discover Bitcoin and join the network. The digital currency gained popularity among a small community of tech enthusiasts by demonstrating that Bitcoin could function without a central authority or intermediary.
Bitcoin Pizza is another important milestone in the history of Bitcoin, as it marked the first time bitcoins were used as a medium of exchange for a real-world transaction. On May 22, 2010, a programmer named Laszlo Hanyecz made history by using 10,000 bitcoins to buy two pizzas. The transaction became known as "Bitcoin Pizza Day" and is now commemorated every year on May 22.
Who Is Satoshi Nakamoto?
Satoshi Nakamoto's identity remains a mystery. Satoshi could be a person or a group of developers anywhere in the world. The name is of Japanese origin, but Satoshi's mastery of English has led many to believe that he or she is from an English-speaking country.
Did Satoshi invent blockchain technology?
Bitcoin combines a number of existing technologies that have been around for a long time, and this includes blockchain technology. The use of such immutable data structures can be traced back to the early 1990s when Stuart Haber and W. Scott Stornetta proposed a system for time-stamping documents. Much like today's blockchains, it relied on cryptographic techniques to secure data and prevent it from being tampered with. But Bitcoin was revolutionary in solving the double-spending issue that plagued other digital payment systems at the time.
How Many Bitcoins Are There?
The protocol sets the maximum supply of bitcoins at 21 million coins. As of September 2024, just over 94% of these have been mined, but it will take over a hundred years to produce the rest. This is due to periodic events known as Bitcoin halving, which reduce the mining rewards roughly every four years.
What Is Bitcoin Halving?
Bitcoin halving refers to the periodic halving events that reduce the block rewards offered to miners. The next Bitcoin halving is expected to happen in 2028, roughly four years after the last halving, which took place on April 19, 2024.
Bitcoin halving is at the core of its economic model as it ensures that coins are issued at a steady pace, getting increasingly difficult at a predictable rate. Such a controlled rate of monetary inflation is one of the key differences between Bitcoin and traditional fiat currencies, which have an essentially infinite supply.
Is Bitcoin Safe?
One of the main risks associated with Bitcoin is the potential for hacking and theft. For example, in phishing scams, hackers use social engineering techniques to trick users into revealing their login credentials or private keys. Once the hacker has access to the user's account or crypto wallet, they can transfer the victim's bitcoins to their own wallet.
Another way hackers can steal bitcoins is through malware or ransomware attacks. Hackers can infect a user's computer or mobile device with malware that allows them to access the user's Bitcoin wallet. In some cases, hackers can also use ransomware to encrypt a user's files and demand payment in bitcoins to unlock them.
Because bitcoin transactions are irreversible and not insured by any government agency, users must take precautions to protect their bitcoin holdings. This includes using strong passwords, two-factor authentication, and storing bitcoins in a secure crypto wallet that is inaccessible to hackers. It's also important to only download Bitcoin-related software from trusted sources.
Another risk associated with bitcoin is price volatility. The value of bitcoin can fluctuate highly over short periods of time, making it a risky investment for those who are not prepared for the price fluctuations and potential losses.
Closing Thoughts
Bitcoin has come a long way from its humble beginnings, growing into a globally recognized cryptocurrency with numerous use cases. Whether you’re considering using Bitcoin for everyday transactions, investing for the future, or simply interested in the technology behind it, understanding how Bitcoin works is essential.
The future of Bitcoin is still being written, but it’s clear that it’s here to stay. With more companies accepting it and more people using it for investment, Bitcoin continues to revolutionize the way people think about money.
Further Reading
What Is Blockchain and How Does It Work?
What Is Proof of Work (PoW)?
What Is Cryptocurrency Mining and How Does It Work?
Who Is Satoshi Nakamoto?
Disclaimer and Risk Warning: This content is presented to you for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
Bitcoin is the first cryptocurrency to be ever created. It was created in 2008 and launched in 2009 by pseudonymous Satoshi Nakamoto.
Bitcoin runs on blockchain technology, which works like a public ledger. All Bitcoin transactions are verified by a network of nodes spread around the world.
Bitcoin is decentralized, transparent, and open source, making it a popular alternative to traditional financial systems.
What Is Bitcoin?
Bitcoin is essentially digital money. It is the first cryptocurrency ever created, announced in 2008 (and launched in 2009). Bitcoin allows users to send and receive digital money called bitcoins (with a lowercase b, or BTC for short).
Unlike traditional fiat currencies issued by governments (like dollars or euros), Bitcoin is decentralized, meaning no single institution, government, or entity controls it. Transactions are conducted peer-to-peer, removing the need for banks or financial institutions to act as intermediaries.
What makes Bitcoin highly appealing is its inherent resistance to censorship, the impossibility of double-spending funds, and the ability to conduct transactions anytime and anywhere.
How Does Bitcoin Work?
Bitcoin operates on blockchain technology, a public ledger that records all transactions. This means every Bitcoin transaction is transparent, verifiable, and secure.
Imagine blockchain as a chain of blocks, where each block holds information about transactions. Every time someone uses Bitcoin, their transaction is added to the blockchain, and this record is stored across a global network of computers (called nodes).
This distributed network ensures that no single party can manipulate the data. Anyone can participate in the ecosystem by downloading Bitcoin's open-source software.
Decentralization: Bitcoin's blockchain is maintained by a distributed network of computers, ensuring no central authority controls the ledger.
Immutability: Once a transaction is added to the blockchain, it cannot be altered or deleted.
Security: Transactions are encrypted using cryptography, and verifying each block requires solving complex mathematical puzzles, a process known as mining.
BTC transaction example
When Alice sends a BTC transaction to Bob, the blockchain database updates their balances (e.g., removing 1 BTC from Alice and adding 1 BTC to Bob’s balance). It's like Alice is writing on a piece of paper (that everyone can see) that she's giving Bob 1 BTC.
When Bob goes to send the same funds to Carol, the network can easily check if he has enough BTC balance. The blockchain acts like a digital ledger that tracks all Bitcoin transactions and keeps the users’ balances up-to-date.
Since the network is decentralized, all participants (nodes) have an identical copy of the database (blockchain ledger) stored on their devices. So, they have to communicate constantly to synchronize new information.
Bitcoin mining
Bitcoin mining is the process that secures the Bitcoin network and confirms transactions. When a user makes a BTC transaction, they broadcast it to the network, where it is verified by other nodes known as "miners".
In other words, mining refers to the process of verifying transactions and recording them into the blockchain database (ledger). To do so, miners compete to solve a complex math problem, which requires a lot of computing power.
The first miner to solve the puzzle gets to add a new block of transactions to the blockchain. In return, they are rewarded with new bitcoins. The high cost of mining is one of the things that keep the network secure, and the block rewards given to miners are the only source of “fresh” bitcoins. Each block mined adds a certain amount of coins to the total supply.
Proof of Work (PoW)
To maintain the security and integrity of the blockchain, Bitcoin uses a consensus mechanism known as Proof of Work (PoW). It’s an essential part of the mining process described above.
PoW is a mechanism created along with Bitcoin to prevent double-spending in digital payment systems. Besides Bitcoin, many cryptocurrencies use PoW as a method for securing their blockchain network.
When we talk about a “complex math problem” that miners have to solve, we are basically talking about PoW. It was designed to make it expensive to create a block, but cheap to verify that it's valid. Suppose someone tries to cheat with an invalid block. In that case, the network immediately rejects it and the miner is unable to recoup the cost of mining.
What Is Bitcoin Used For?
Bitcoin is primarily used as a digital currency and store of value. It can be used to make purchases online or in person, similar to traditional currencies. More and more businesses are accepting Bitcoin as a payment method. From online retailers to brick-and-mortar stores.
You can also use Bitcoin to send money to anyone across the globe quickly and with relatively low transaction fees compared to traditional banks and remittance services.
As an investment, many people buy Bitcoin, hoping its value will continue to rise. While the price of BTC can be volatile, some investors see it as a way to diversify their portfolios and hedge against inflation in the long term.
Who Created Bitcoin?
Bitcoin was first introduced in 2008 when Satoshi Nakamoto published a whitepaper entitled "Bitcoin: A Peer-to-Peer Electronic Cash System". This paper introduced a new digital currency that would operate on a decentralized system without relying on governments or the banking system.
In January 2009, the Bitcoin protocol was released, and the first bitcoin transaction took place between Satoshi Nakamoto and a programmer named Hal Finney. The transaction involved sending ten bitcoins from Nakamoto to Finney.
After the first transaction, more people began to discover Bitcoin and join the network. The digital currency gained popularity among a small community of tech enthusiasts by demonstrating that Bitcoin could function without a central authority or intermediary.
Bitcoin Pizza is another important milestone in the history of Bitcoin, as it marked the first time bitcoins were used as a medium of exchange for a real-world transaction. On May 22, 2010, a programmer named Laszlo Hanyecz made history by using 10,000 bitcoins to buy two pizzas. The transaction became known as "Bitcoin Pizza Day" and is now commemorated every year on May 22.
Who Is Satoshi Nakamoto?
Satoshi Nakamoto's identity remains a mystery. Satoshi could be a person or a group of developers anywhere in the world. The name is of Japanese origin, but Satoshi's mastery of English has led many to believe that he or she is from an English-speaking country.
Did Satoshi invent blockchain technology?
Bitcoin combines a number of existing technologies that have been around for a long time, and this includes blockchain technology. The use of such immutable data structures can be traced back to the early 1990s when Stuart Haber and W. Scott Stornetta proposed a system for time-stamping documents. Much like today's blockchains, it relied on cryptographic techniques to secure data and prevent it from being tampered with. But Bitcoin was revolutionary in solving the double-spending issue that plagued other digital payment systems at the time.
How Many Bitcoins Are There?
The protocol sets the maximum supply of bitcoins at 21 million coins. As of September 2024, just over 94% of these have been mined, but it will take over a hundred years to produce the rest. This is due to periodic events known as Bitcoin halving, which reduce the mining rewards roughly every four years.
What Is Bitcoin Halving?
Bitcoin halving refers to the periodic halving events that reduce the block rewards offered to miners. The next Bitcoin halving is expected to happen in 2028, roughly four years after the last halving, which took place on April 19, 2024.
Bitcoin halving is at the core of its economic model as it ensures that coins are issued at a steady pace, getting increasingly difficult at a predictable rate. Such a controlled rate of monetary inflation is one of the key differences between Bitcoin and traditional fiat currencies, which have an essentially infinite supply.
Is Bitcoin Safe?
One of the main risks associated with Bitcoin is the potential for hacking and theft. For example, in phishing scams, hackers use social engineering techniques to trick users into revealing their login credentials or private keys. Once the hacker has access to the user's account or crypto wallet, they can transfer the victim's bitcoins to their own wallet.
Another way hackers can steal bitcoins is through malware or ransomware attacks. Hackers can infect a user's computer or mobile device with malware that allows them to access the user's Bitcoin wallet. In some cases, hackers can also use ransomware to encrypt a user's files and demand payment in bitcoins to unlock them.
Because bitcoin transactions are irreversible and not insured by any government agency, users must take precautions to protect their bitcoin holdings. This includes using strong passwords, two-factor authentication, and storing bitcoins in a secure crypto wallet that is inaccessible to hackers. It's also important to only download Bitcoin-related software from trusted sources.
Another risk associated with bitcoin is price volatility. The value of bitcoin can fluctuate highly over short periods of time, making it a risky investment for those who are not prepared for the price fluctuations and potential losses.
Closing Thoughts
Bitcoin has come a long way from its humble beginnings, growing into a globally recognized cryptocurrency with numerous use cases. Whether you’re considering using Bitcoin for everyday transactions, investing for the future, or simply interested in the technology behind it, understanding how Bitcoin works is essential.
The future of Bitcoin is still being written, but it’s clear that it’s here to stay. With more companies accepting it and more people using it for investment, Bitcoin continues to revolutionize the way people think about money.
Further Reading
What Is Blockchain and How Does It Work?
What Is Proof of Work (PoW)?
What Is Cryptocurrency Mining and How Does It Work?
Who Is Satoshi Nakamoto?
Disclaimer and Risk Warning: This content is presented to you for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer here for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.
#CFTCCryptoSprint 📈 $123K Might Have Been a Local Top: How Low Could Bitcoin Go?
Contrary to my own view, more and more traders are now talking about the possibility of a deep correction.
Key signals:
🟡 $115K support is critical
Analysts warn: losing this level could trigger a cascade of liquidations, pushing BTC down to the $110K–$112K area. If it’s not reclaimed soon, the next target could be $104K.
🟡 Bearish RSI divergence
On the weekly chart, the price keeps setting new highs, while the RSI is forming lower peaks. This divergence was seen back in 2021 before a major correction and may now be signaling a potential pullback toward the 50-week EMA (~$92K).
🟡 Rising profits = rising sell pressure
The NUPL index (Net Unrealized Profit/Loss) is currently in the 0.5–0.6 zone, historically linked to local tops. With over 92% of coins in profit, many holders may look to take gains, increasing selling pressure.
I’m not at all surprised that after a sharp drop, more people are expecting a deeper correction. While I don’t personally agree, I can’t rule out this scenario either.
Contrary to my own view, more and more traders are now talking about the possibility of a deep correction.
Key signals:
🟡 $115K support is critical
Analysts warn: losing this level could trigger a cascade of liquidations, pushing BTC down to the $110K–$112K area. If it’s not reclaimed soon, the next target could be $104K.
🟡 Bearish RSI divergence
On the weekly chart, the price keeps setting new highs, while the RSI is forming lower peaks. This divergence was seen back in 2021 before a major correction and may now be signaling a potential pullback toward the 50-week EMA (~$92K).
🟡 Rising profits = rising sell pressure
The NUPL index (Net Unrealized Profit/Loss) is currently in the 0.5–0.6 zone, historically linked to local tops. With over 92% of coins in profit, many holders may look to take gains, increasing selling pressure.
I’m not at all surprised that after a sharp drop, more people are expecting a deeper correction. While I don’t personally agree, I can’t rule out this scenario either.
$ENA 📈 $123K Might Have Been a Local Top: How Low Could Bitcoin Go?
Contrary to my own view, more and more traders are now talking about the possibility of a deep correction.
Key signals:
🟡 $115K support is critical
Analysts warn: losing this level could trigger a cascade of liquidations, pushing BTC down to the $110K–$112K area. If it’s not reclaimed soon, the next target could be $104K.
🟡 Bearish RSI divergence
On the weekly chart, the price keeps setting new highs, while the RSI is forming lower peaks. This divergence was seen back in 2021 before a major correction and may now be signaling a potential pullback toward the 50-week EMA (~$92K).
🟡 Rising profits = rising sell pressure
The NUPL index (Net Unrealized Profit/Loss) is currently in the 0.5–0.6 zone, historically linked to local tops. With over 92% of coins in profit, many holders may look to take gains, increasing selling pressure.
I’m not at all surprised that after a sharp drop, more people are expecting a deeper correction. While I don’t personally agree, I can’t rule out this scenario either.
Contrary to my own view, more and more traders are now talking about the possibility of a deep correction.
Key signals:
🟡 $115K support is critical
Analysts warn: losing this level could trigger a cascade of liquidations, pushing BTC down to the $110K–$112K area. If it’s not reclaimed soon, the next target could be $104K.
🟡 Bearish RSI divergence
On the weekly chart, the price keeps setting new highs, while the RSI is forming lower peaks. This divergence was seen back in 2021 before a major correction and may now be signaling a potential pullback toward the 50-week EMA (~$92K).
🟡 Rising profits = rising sell pressure
The NUPL index (Net Unrealized Profit/Loss) is currently in the 0.5–0.6 zone, historically linked to local tops. With over 92% of coins in profit, many holders may look to take gains, increasing selling pressure.
I’m not at all surprised that after a sharp drop, more people are expecting a deeper correction. While I don’t personally agree, I can’t rule out this scenario either.
#BTCReserveStrategy 📉 Market Overview
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
$CFX 📉 Market Overview
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
#CreatorPad #ProjectCrypto ↗️ Market Overview
BTC: $118,619
ETH: $3,864
Fear/Greed Index: 72 (Greed)
BTC Dominance: 61.35%
📈 Not a bad short yesterday on the news, though we didn’t quite hit the main target. Now I’m waiting for the price to reach around $119K, from where I’ll be looking for a short entry, aiming for $115–116K. That said, we could start dropping from current levels as well.
❕ The third scenario is an upward move, hinted at by the breakout of a new trendline (the red one on the chart). Less likely, but I wouldn’t rule it out.
What do you think?
👍 — We go above $120K
🔥 — We head back to $115K
BTC: $118,619
ETH: $3,864
Fear/Greed Index: 72 (Greed)
BTC Dominance: 61.35%
📈 Not a bad short yesterday on the news, though we didn’t quite hit the main target. Now I’m waiting for the price to reach around $119K, from where I’ll be looking for a short entry, aiming for $115–116K. That said, we could start dropping from current levels as well.
❕ The third scenario is an upward move, hinted at by the breakout of a new trendline (the red one on the chart). Less likely, but I wouldn’t rule it out.
What do you think?
👍 — We go above $120K
🔥 — We head back to $115K
#CreatorPad 📉 Market Overview
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
#CreatorPad 📉 Market Overview
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
BTC: $115,137
ETH: $3,627
Fear/Greed Index: 65 (Greed)
BTC Dominance: 62.00%
🔭 We’ve finally closed the gap, and now the key question is whether this area will act as support on the way to a new ATH or not. In my opinion, we’re likely to bounce upward from around current levels, though I’d also expect a possible retest of this zone later — a small move up, another dip, and then a solid push toward $120K.
❕ Either way, I don’t currently see conditions for a sustained move below $110K. In the worst-case scenario, we could briefly touch $108K–$109K on one of those slow evenings before heading up for good.
What do you think will happen first?
👍 — Move above $120K
🔥 — Move below $110K
#ProjectCrypto 😎 Quantum Challenge to Bitcoin: $120,000 Bounty for Breaking Blockchain Encryption
Cybersecurity firm Naoris has launched an unprecedented bug bounty, offering rewards to anyone who can crack the key cryptographic algorithms protecting Bitcoin, Ethereum, and Solana. The prize pool stands at $120,000 (~1 BTC).
What’s at stake:
🟡 $50,000 — for successfully breaking secp256k1, the standard underpinning Bitcoin, Ethereum, and many other protocols.
🟡 $30,000 — for compromising Ed25519, used by Solana and messaging apps like Signal and WhatsApp.
🟡 $20,000 — for breaking NIST P-256, which secures internet traffic (TLS).
🟡 $10,000 — for cracking other elliptic curves (P-224, P-384, P-521).
Why it matters:
🟡 If secp256k1 is broken, it would collapse the security of Bitcoin and many other blockchains, including the Lightning Network and Ethereum L2 protocols.
🟡 A successful attack on Ed25519 would threaten server security, Git version control, and parts of the DNS system.
🟡 Breaking modern cryptography would endanger the entire digital infrastructure, not just cryptocurrencies.
Experts believe that with today’s GPU technology, cracking secp256k1 would take trillions of years. But quantum computers could one day make the impossible possible.
Cybersecurity firm Naoris has launched an unprecedented bug bounty, offering rewards to anyone who can crack the key cryptographic algorithms protecting Bitcoin, Ethereum, and Solana. The prize pool stands at $120,000 (~1 BTC).
What’s at stake:
🟡 $50,000 — for successfully breaking secp256k1, the standard underpinning Bitcoin, Ethereum, and many other protocols.
🟡 $30,000 — for compromising Ed25519, used by Solana and messaging apps like Signal and WhatsApp.
🟡 $20,000 — for breaking NIST P-256, which secures internet traffic (TLS).
🟡 $10,000 — for cracking other elliptic curves (P-224, P-384, P-521).
Why it matters:
🟡 If secp256k1 is broken, it would collapse the security of Bitcoin and many other blockchains, including the Lightning Network and Ethereum L2 protocols.
🟡 A successful attack on Ed25519 would threaten server security, Git version control, and parts of the DNS system.
🟡 Breaking modern cryptography would endanger the entire digital infrastructure, not just cryptocurrencies.
Experts believe that with today’s GPU technology, cracking secp256k1 would take trillions of years. But quantum computers could one day make the impossible possible.
#CryptoScamSurge 📉 Market Overview
BTC: $118,112
ETH: $3,657
Fear/Greed Index: 74 (greed)
BTC Dominance: 61.05%
📈 We did hit $120K yesterday, but after the news, the price dropped back down. The nearest target is around $117,500. Ideally, it would be great to close the gap below, but I wouldn’t be surprised if we postpone that for much later.
❕ For now, it would be more interesting to revisit the $120–122K zone, so I doubt this current drop will be too long-lasting.
What do you think we’ll hit first?
👍 — $115K
🔥 — $121K
BTC: $118,112
ETH: $3,657
Fear/Greed Index: 74 (greed)
BTC Dominance: 61.05%
📈 We did hit $120K yesterday, but after the news, the price dropped back down. The nearest target is around $117,500. Ideally, it would be great to close the gap below, but I wouldn’t be surprised if we postpone that for much later.
❕ For now, it would be more interesting to revisit the $120–122K zone, so I doubt this current drop will be too long-lasting.
What do you think we’ll hit first?
👍 — $115K
🔥 — $121K
$BNB #softstaking #humafinance
📉 Market Overview
BTC: $118,107
ETH: $3,634
Fear/Greed Index: 72 (Greed)
BTC Dominance: 61.27%
📈 The sideways movement continues, so let’s look at the local setup — short positions can be considered after a new high around $118,500, and longs from $116,600. Obviously, this is quite conditional, so make sure to calculate your risks and set stop-losses before entering any trade.
📉 Market Overview
BTC: $118,107
ETH: $3,634
Fear/Greed Index: 72 (Greed)
BTC Dominance: 61.27%
📈 The sideways movement continues, so let’s look at the local setup — short positions can be considered after a new high around $118,500, and longs from $116,600. Obviously, this is quite conditional, so make sure to calculate your risks and set stop-losses before entering any trade.
#CryptoClarityAct #softstaking #humafinance
📉 Market Overview
BTC: $118,107
ETH: $3,634
Fear/Greed Index: 72 (Greed)
BTC Dominance: 61.27%
📈 The sideways movement continues, so let’s look at the local setup — short positions can be considered after a new high around $118,500, and longs from $116,600. Obviously, this is quite conditional, so make sure to calculate your risks and set stop-losses before entering any trade.
📉 Market Overview
BTC: $118,107
ETH: $3,634
Fear/Greed Index: 72 (Greed)
BTC Dominance: 61.27%
📈 The sideways movement continues, so let’s look at the local setup — short positions can be considered after a new high around $118,500, and longs from $116,600. Obviously, this is quite conditional, so make sure to calculate your risks and set stop-losses before entering any trade.
$WCT
@WalletConnect
#WalletConnect
Market Overview
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking
#humafinance
@WalletConnect
#WalletConnect
Market Overview
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking
#humafinance
Market Overview
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking
#humafinance @Huma Finance 🟣
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking
#humafinance @Huma Finance 🟣
Market Overview
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking #humafinance
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking #humafinance
Market Overview
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking #humafinance
BTC: $119,186 BTC Dominance: 60.78% What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable #softstaking #humafinance
↗️ Market Overview
BTC: $119,186
ETH: $3,800
Fear/Greed Index: 71 (Greed)
BTC Dominance: 60.78%
🤓 What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable month for the bulls. Of course, the ride won’t be completely smooth — some pullbacks are likely — but I don’t see Bitcoin dropping below $110K anytime soon.
❕ Let me repeat my key point: the market needs to lure as many weak hands as possible into late-stage buying before we head down to shake them out. Right now, people still aren’t rushing in aggressively, which is reflected in the still-moderate Fear & Greed Index.
BTC: $119,186
ETH: $3,800
Fear/Greed Index: 71 (Greed)
BTC Dominance: 60.78%
🤓 What’s in store for us this week? I’m leaning toward continued growth and a strong monthly close next week. It looks like history might repeat itself, and July could once again be a favorable month for the bulls. Of course, the ride won’t be completely smooth — some pullbacks are likely — but I don’t see Bitcoin dropping below $110K anytime soon.
❕ Let me repeat my key point: the market needs to lure as many weak hands as possible into late-stage buying before we head down to shake them out. Right now, people still aren’t rushing in aggressively, which is reflected in the still-moderate Fear & Greed Index.
B
BNB/USDT
Price
735.41
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