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HAMEDI MOHAMED25

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$USDT Tether, the issuer of the stablecoin USDT, is studying the option to tokenize its shares on the blockchain following a potential stock offering, in a move aimed at providing liquidity to investors and preventing them from selling their shares at discounts before the offering. The company aims for a valuation that could reach 500 billion dollars, with expected profits of around 15 billion dollars this year, while the circulating supply of USDT is approximately 186 billion dollars. This step comes amid the expansion of the market for tokenizing real assets, although its size remains relatively limited at around 18 billion dollars globally. Tokenization may give Tether greater flexibility, faster trading, and lower costs, reflecting a growing trend to integrate traditional finance with blockchain technologies.#Binanceholdermmt #USCryptoStakingTaxReview
$USDT Tether, the issuer of the stablecoin USDT, is studying the option to tokenize its shares on the blockchain following a potential stock offering, in a move aimed at providing liquidity to investors and preventing them from selling their shares at discounts before the offering.
The company aims for a valuation that could reach 500 billion dollars, with expected profits of around 15 billion dollars this year, while the circulating supply of USDT is approximately 186 billion dollars.
This step comes amid the expansion of the market for tokenizing real assets, although its size remains relatively limited at around 18 billion dollars globally.
Tokenization may give Tether greater flexibility, faster trading, and lower costs, reflecting a growing trend to integrate traditional finance with blockchain technologies.#Binanceholdermmt #USCryptoStakingTaxReview
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$DOGE The price of Dogecoin has dropped to a range of $0.13 during the past 24 hours. The price of Dogecoin (DOGE) recently fell below the key support level of $0.129, confirming that it has exited its previous range, indicating increased selling pressure in the market and a more fragile technical position for the cryptocurrency in the short term. According to CoinDesk data, the price of Dogecoin decreased by about 0.3% during the 24-hour period ending December 22, from $0.1309 to $0.1305. Despite the limited price movement, daily volatility increased by about 4%, indicating high market sensitivity at nearby technical levels.#FOMCWatch #BinanceHODLerMorpho
$DOGE The price of Dogecoin has dropped to a range of $0.13 during the past 24 hours.
The price of Dogecoin (DOGE) recently fell below the key support level of $0.129, confirming that it has exited its previous range, indicating increased selling pressure in the market and a more fragile technical position for the cryptocurrency in the short term.
According to CoinDesk data, the price of Dogecoin decreased by about 0.3% during the 24-hour period ending December 22, from $0.1309 to $0.1305. Despite the limited price movement, daily volatility increased by about 4%, indicating high market sensitivity at nearby technical levels.#FOMCWatch #BinanceHODLerMorpho
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$XRP XRP is currently witnessing two parallel tracks: the first is the exchange-traded funds (ETF) layer that has attracted institutional demand in the United States, and the second is the payments and infrastructure layer that needs to prove its ability to operate independently. The question is: Is there sustainable demand for XRP in international flows and stablecoin infrastructure? The Ripple.net platform processed cross-border payments worth over 15 billion USD through the on-demand liquidity (ODL) service in 2024, representing a 32% increase from the previous year. The Ripple.net network also includes more than 300 financial institutions in over 55 countries, with about 40% of them using XRP for on-demand liquidity.#FOMCWatch #Binanceholdermmt
$XRP XRP is currently witnessing two parallel tracks: the first is the exchange-traded funds (ETF) layer that has attracted institutional demand in the United States, and the second is the payments and infrastructure layer that needs to prove its ability to operate independently. The question is: Is there sustainable demand for XRP in international flows and stablecoin infrastructure?
The Ripple.net platform processed cross-border payments worth over 15 billion USD through the on-demand liquidity (ODL) service in 2024, representing a 32% increase from the previous year. The Ripple.net network also includes more than 300 financial institutions in over 55 countries, with about 40% of them using XRP for on-demand liquidity.#FOMCWatch #Binanceholdermmt
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$BTC Traders Warn in the Bitcoin Derivatives Market Bitcoin is currently trading at around $88,000, while indications point to a decrease in the use of leverage in the derivatives market. Data from Coin Glass shows that the open trading volume of Bitcoin futures contracts on major exchanges is around $58.19 billion and is trending downward. In the options market, the inclination to buy call options, at 64.8% of open positions, reflects an optimistic outlook among traders. However, the increase in activity in the put options market also indicates effective risk management. Major expiration dates are concentrated on December 26, which may affect market volatility at the end of the year.#BinanceHODLerMorpho #Binanceholdermmt #FOMCWatch
$BTC Traders Warn in the Bitcoin Derivatives Market
Bitcoin is currently trading at around $88,000, while indications point to a decrease in the use of leverage in the derivatives market. Data from Coin Glass shows that the open trading volume of Bitcoin futures contracts on major exchanges is around $58.19 billion and is trending downward.
In the options market, the inclination to buy call options, at 64.8% of open positions, reflects an optimistic outlook among traders. However, the increase in activity in the put options market also indicates effective risk management. Major expiration dates are concentrated on December 26, which may affect market volatility at the end of the year.#BinanceHODLerMorpho #Binanceholdermmt #FOMCWatch
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$BTC The crypto market freezes, Bitcoin moves sideways, and fears dominate The cryptocurrency markets entered a state of anticipation and stagnation during today's trading, with prices moving in a narrow range, following the Bank of Japan's decision to raise the main interest rate by 25 basis points to 0.75%, the highest level the country has seen in nearly three decades. Despite the total market capitalization of cryptocurrencies rising by 0.4% to around $3.02 trillion, the price performance of major currencies reflected a lack of clear direction. Bitcoin was traded at $86,724 at the time of publication, achieving marginal gains of 0.3% over the past 24 hours. In terms of sentiment, risk appetite remained weak, as the Fear and Greed Index dropped to 16 points, remaining in the extreme fear range. According to CoinGlass data, liquidations over the past 24 hours amounted to around $512 million, while the Relative Strength Index remained near the 40 level, reflecting neutral momentum, with open contracts increasing by 1.47% to $125 billion.#FOMCWatch #BinanceHODLerMorpho #ETHBreaksATH
$BTC The crypto market freezes, Bitcoin moves sideways, and fears dominate
The cryptocurrency markets entered a state of anticipation and stagnation during today's trading, with prices moving in a narrow range, following the Bank of Japan's decision to raise the main interest rate by 25 basis points to 0.75%, the highest level the country has seen in nearly three decades.
Despite the total market capitalization of cryptocurrencies rising by 0.4% to around $3.02 trillion, the price performance of major currencies reflected a lack of clear direction. Bitcoin was traded at $86,724 at the time of publication, achieving marginal gains of 0.3% over the past 24 hours.
In terms of sentiment, risk appetite remained weak, as the Fear and Greed Index dropped to 16 points, remaining in the extreme fear range. According to CoinGlass data, liquidations over the past 24 hours amounted to around $512 million, while the Relative Strength Index remained near the 40 level, reflecting neutral momentum, with open contracts increasing by 1.47% to $125 billion.#FOMCWatch #BinanceHODLerMorpho #ETHBreaksATH
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$SUI Price of SUI After a two-week decline, the stock rose after Bitwise Asset Management submitted an application for an exchange-traded fund (ETF). The company filed an S-1 form for the Bitwise Sui ETF with the U.S. Securities and Exchange Commission (SEC). The fund is designed to track the price of the SUI token in real-time, which is one of the native assets of the Sui Layer 1 blockchain. After the application is submitted, the SEC usually issues its preliminary opinion within 30 days. The full review process under the new rules may take only 75 days.#ETHBreaksATH #BinancehodlerSOMI
$SUI Price of SUI After a two-week decline, the stock rose after Bitwise Asset Management submitted an application for an exchange-traded fund (ETF). The company filed an S-1 form for the Bitwise Sui ETF with the U.S. Securities and Exchange Commission (SEC).
The fund is designed to track the price of the SUI token in real-time, which is one of the native assets of the Sui Layer 1 blockchain. After the application is submitted, the SEC usually issues its preliminary opinion within 30 days. The full review process under the new rules may take only 75 days.#ETHBreaksATH #BinancehodlerSOMI
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$XRP As sentiment changes, the XRP exchange-traded funds continue to receive cash inflows. Data from SoSoValue shows that net cash inflows exceeded $20.1 million on Friday alone, marking the nineteenth consecutive day of inflows. The total cash inflows currently amount to approximately $974.5 million, raising the value of assets under management in XRP exchange-traded funds to about $1.18 billion.#USChinaDeal #ETHBreaksATH
$XRP As sentiment changes, the XRP exchange-traded funds continue to receive cash inflows. Data from SoSoValue shows that net cash inflows exceeded $20.1 million on Friday alone, marking the nineteenth consecutive day of inflows. The total cash inflows currently amount to approximately $974.5 million, raising the value of assets under management in XRP exchange-traded funds to about $1.18 billion.#USChinaDeal #ETHBreaksATH
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$BTC Google Trends data shows that Bitcoin has maintained its prominent position despite a decline in media interest in recent months of the year. A review of searches for the term "Bitcoin" over the past year indicates that user interest in this digital currency has fluctuated but remained generally stable. The Google Trends index measures search volume on a scale from 0 to 100 based on peak popularity during a specific time period. According to the data, the search index for Bitcoin reached 100 between November 16 and 22, the highest level of interest in the past 12 months. Bitcoin started the year at 75, and after the initial enthusiasm waned, interest was regained in the middle of the year with price fluctuations, then returned to a more stable level.#ETHBreaksATH #BinanceBlockchainWeek
$BTC Google Trends data shows that Bitcoin has maintained its prominent position despite a decline in media interest in recent months of the year. A review of searches for the term "Bitcoin" over the past year indicates that user interest in this digital currency has fluctuated but remained generally stable.
The Google Trends index measures search volume on a scale from 0 to 100 based on peak popularity during a specific time period. According to the data, the search index for Bitcoin reached 100 between November 16 and 22, the highest level of interest in the past 12 months. Bitcoin started the year at 75, and after the initial enthusiasm waned, interest was regained in the middle of the year with price fluctuations, then returned to a more stable level.#ETHBreaksATH #BinanceBlockchainWeek
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$BTC Bitcoin mining companies are increasingly turning to renewable energy to reduce costs and maintain profitability. This shift comes as the retail price, a key indicator of miners' profitability, has dropped to nearly record levels, falling below $40. According to Hashrate Index data, the current hash rate is about $39.4 per petahash per second daily, a level considered close to the break-even point for many companies operating in this field. The hash rate reflects the average revenue generated by cryptocurrency miners from their computational power to add a block to the network.#BTCVSGOLD #Binanceholdermmt
$BTC Bitcoin mining companies are increasingly turning to renewable energy to reduce costs and maintain profitability. This shift comes as the retail price, a key indicator of miners' profitability, has dropped to nearly record levels, falling below $40.
According to Hashrate Index data, the current hash rate is about $39.4 per petahash per second daily, a level considered close to the break-even point for many companies operating in this field. The hash rate reflects the average revenue generated by cryptocurrency miners from their computational power to add a block to the network.#BTCVSGOLD #Binanceholdermmt
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$BTC The negative atmosphere surrounding the artificial intelligence bubble has led to a decline in Bitcoin and stock prices. Concerns about a potential explosion of the artificial intelligence bubble seem to have caused a drop in the price of Bitcoin and stocks. Reports indicate that investors have become more cautious about high-risk assets such as Bitcoin and technology stocks. Alex Thorn, the research director at Galaxy, stated: Bitcoin was seen as the most popular investment at the beginning of the year, but artificial intelligence, gold, and some large stocks have captured investors' attention. The impact of the artificial intelligence bubble on the market Some analysts believe that fears of an explosion of the artificial intelligence bubble have driven investors away from risky assets like Bitcoin and towards safer assets like gold and silver, while many artificial intelligence companies, such as Broadcom, have seen a decline in their stocks despite strong financial reports.#ETHBreaksATH #BinanceHODLerMorpho
$BTC The negative atmosphere surrounding the artificial intelligence bubble has led to a decline in Bitcoin and stock prices.
Concerns about a potential explosion of the artificial intelligence bubble seem to have caused a drop in the price of Bitcoin and stocks. Reports indicate that investors have become more cautious about high-risk assets such as Bitcoin and technology stocks. Alex Thorn, the research director at Galaxy, stated:
Bitcoin was seen as the most popular investment at the beginning of the year, but artificial intelligence, gold, and some large stocks have captured investors' attention.
The impact of the artificial intelligence bubble on the market
Some analysts believe that fears of an explosion of the artificial intelligence bubble have driven investors away from risky assets like Bitcoin and towards safer assets like gold and silver, while many artificial intelligence companies, such as Broadcom, have seen a decline in their stocks despite strong financial reports.#ETHBreaksATH #BinanceHODLerMorpho
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$XRP The Ripple exchange-traded funds (XRP) have attracted over a billion US dollars in assets within just a few weeks since their launch, according to the cryptocurrency service TechNak, a rate that many consider unprecedented or rare for a new financial product. Five different issuers - Bitwise, Canary, Franklin Templeton, Grayscale, and Rex Spry - launched their funds at varying stages, but they managed to record significant capital inflows within just 11 to 12 trading days. At current prices, these exchange-traded funds hold around 473 million XRP, which is effectively frozen within them. Despite this significant capital inflow, this news has not yet reached major investors. Some experts believe this indicates that a large segment of the public remains unaware of cryptocurrency exchange-traded funds, even as Wall Street rapidly adopts them.#USChinaDeal #ETHBreaksATH #TrumpTariffs
$XRP The Ripple exchange-traded funds (XRP) have attracted over a billion US dollars in assets within just a few weeks since their launch, according to the cryptocurrency service TechNak, a rate that many consider unprecedented or rare for a new financial product. Five different issuers - Bitwise, Canary, Franklin Templeton, Grayscale, and Rex Spry - launched their funds at varying stages, but they managed to record significant capital inflows within just 11 to 12 trading days. At current prices, these exchange-traded funds hold around 473 million XRP, which is effectively frozen within them.
Despite this significant capital inflow, this news has not yet reached major investors. Some experts believe this indicates that a large segment of the public remains unaware of cryptocurrency exchange-traded funds, even as Wall Street rapidly adopts them.#USChinaDeal #ETHBreaksATH #TrumpTariffs
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$NFT The volume of NFT sales decreased by 15% to reach $64.95 million. According to data from CryptoSlam, NFT sales volume dropped by 15.72% to $64.95 million, while the number of NFT buyers fell by 68.41% to 154,955 and the number of sellers decreased by 71.48% to 115,051. The number of non-fungible token transactions also dropped by 13.25% to 940,713 transactions. Meanwhile, the price of Bitcoin, after recent fluctuations, returned to the level of $90,000. Ethereum has managed to maintain a level of $3,000. The global cryptocurrency market, valued at $3.07 trillion, saw a slight increase over the past week. In contrast, the non-fungible token (NFT) sector experienced a sharp decline in participation. The DMarket platform on the Mythos blockchain achieved the top spot with sales of $4.50 million. The platform processed 118,034 transactions, a decrease of 40.45% compared to the previous week.#Binanceholdermmt #ETHBreaksATH
$NFT The volume of NFT sales decreased by 15% to reach $64.95 million.
According to data from CryptoSlam, NFT sales volume dropped by 15.72% to $64.95 million, while the number of NFT buyers fell by 68.41% to 154,955 and the number of sellers decreased by 71.48% to 115,051.
The number of non-fungible token transactions also dropped by 13.25% to 940,713 transactions. Meanwhile, the price of Bitcoin, after recent fluctuations, returned to the level of $90,000. Ethereum has managed to maintain a level of $3,000.
The global cryptocurrency market, valued at $3.07 trillion, saw a slight increase over the past week. In contrast, the non-fungible token (NFT) sector experienced a sharp decline in participation.
The DMarket platform on the Mythos blockchain achieved the top spot with sales of $4.50 million. The platform processed 118,034 transactions, a decrease of 40.45% compared to the previous week.#Binanceholdermmt #ETHBreaksATH
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$BTC Major Bitcoin investors have sold $3.4 billion worth since early December; its price is around $92,000. According to data from Glassnode, Bitcoin whales, who own between 10,000 and 100,000 Bitcoins, have sold or redistributed approximately 36,500 Bitcoins (equivalent to $3.4 billion) since the beginning of December. The price of Bitcoin faced resistance at the $94,000 level during this period. Reports indicate a decline in market liquidity. Cash flows into stablecoins, which are an indicator of purchasing power, have decreased by 50% since August, suggesting that current prices lack sufficient capital support to overcome the resistance level of $100,000. The cryptocurrency market liquidity index has also seen a significant decline, according to FX Leaders.#Binanceholdermmt #ETHBreaksATH
$BTC Major Bitcoin investors have sold $3.4 billion worth since early December; its price is around $92,000.
According to data from Glassnode, Bitcoin whales, who own between 10,000 and 100,000 Bitcoins, have sold or redistributed approximately 36,500 Bitcoins (equivalent to $3.4 billion) since the beginning of December. The price of Bitcoin faced resistance at the $94,000 level during this period.
Reports indicate a decline in market liquidity. Cash flows into stablecoins, which are an indicator of purchasing power, have decreased by 50% since August, suggesting that current prices lack sufficient capital support to overcome the resistance level of $100,000. The cryptocurrency market liquidity index has also seen a significant decline, according to FX Leaders.#Binanceholdermmt #ETHBreaksATH
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$XRP In today's trading (December 12), the price of XRP fluctuates between $1.98 and $2.00. Its trading volume is $4.17 billion over the past 24 hours, while its market value is $120 billion, and it is experiencing a downward trend. Analysts have warned that if the support level at $1.95 is broken, the price may drop to $1.80. According to technical analysis, XRP forms a downward channel on the four-hour chart and shows a descending triangle pattern on the daily chart. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators indicate weakness in the price. The main resistance level is in the range of $2.05-$2.10, and breaking it requires a large trading volume.#Binanceholdermmt #FOMCWatch
$XRP In today's trading (December 12), the price of XRP fluctuates between $1.98 and $2.00. Its trading volume is $4.17 billion over the past 24 hours, while its market value is $120 billion, and it is experiencing a downward trend. Analysts have warned that if the support level at $1.95 is broken, the price may drop to $1.80.
According to technical analysis, XRP forms a downward channel on the four-hour chart and shows a descending triangle pattern on the daily chart. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators indicate weakness in the price. The main resistance level is in the range of $2.05-$2.10, and breaking it requires a large trading volume.#Binanceholdermmt #FOMCWatch
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$BTC Bitcoin is holding, but under pressure In the current circumstances, it seems that Bitcoin is stuck in a fragile range, with unrealized losses increasing, and long-term holders continue to sell, while demand remains weak. However, there are signs of price resilience above the real market average, reflecting patient demand absorbing selling pressures.#FOMCWatch #ETHBreaksATH
$BTC Bitcoin is holding, but under pressure
In the current circumstances, it seems that Bitcoin is stuck in a fragile range, with unrealized losses increasing, and long-term holders continue to sell, while demand remains weak. However, there are signs of price resilience above the real market average, reflecting patient demand absorbing selling pressures.#FOMCWatch #ETHBreaksATH
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$BTC CryptoQuant analysts pointed out that whales (the largest holders of Bitcoin) played an important role in this decline in selling pressure. Their share of total inflows to trading platforms dropped from 47% in mid-November to 21%. The average deposit size also decreased from 1.1 Bitcoin on November 22 to 0.7 Bitcoin. This decline in inflows has contributed to easing market tensions.#BinanceBlockchainWeek #WriteToEarnUpgrade
$BTC CryptoQuant analysts pointed out that whales (the largest holders of Bitcoin) played an important role in this decline in selling pressure. Their share of total inflows to trading platforms dropped from 47% in mid-November to 21%. The average deposit size also decreased from 1.1 Bitcoin on November 22 to 0.7 Bitcoin. This decline in inflows has contributed to easing market tensions.#BinanceBlockchainWeek #WriteToEarnUpgrade
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$SOL A new report from Glassnode shows that the Solana (SOL) network is experiencing a fragile situation, with a sharp decline in liquidity and a decrease in profitability. According to the data, the average profit-to-loss ratio in Solana over the past thirty days has remained below 1 since mid-November, indicating behavior similar to bear markets, and confirming that traders are recording losses exceeding their profits. The alternative currency research group "Victor" described this situation as a "complete collapse of liquidity," a pattern typically observed before the beginning of new liquidity cycles and when prices hit their lowest levels. Analysts say that if a pattern similar to what happened in April repeats, liquidity could recover in about four weeks, with early January being the starting point.#WriteToEarnUpgrade #BinanceHODLerMorpho
$SOL A new report from Glassnode shows that the Solana (SOL) network is experiencing a fragile situation, with a sharp decline in liquidity and a decrease in profitability. According to the data, the average profit-to-loss ratio in Solana over the past thirty days has remained below 1 since mid-November, indicating behavior similar to bear markets, and confirming that traders are recording losses exceeding their profits.
The alternative currency research group "Victor" described this situation as a "complete collapse of liquidity," a pattern typically observed before the beginning of new liquidity cycles and when prices hit their lowest levels. Analysts say that if a pattern similar to what happened in April repeats, liquidity could recover in about four weeks, with early January being the starting point.#WriteToEarnUpgrade #BinanceHODLerMorpho
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$XRP The Ripple currency faced significant selling pressure today, and its failure to hold above the $2.12 level indicates that major investors are abandoning their positions instead of accumulating them, undermining the short-term trend. The price of XRP rose by 0.5% to reach $2.0925 in trading on Tuesday, but it underperformed the broader cryptocurrency market by about 1.77%. Although trading volume was about 38% higher than the weekly average, indicating the entry of financial institutions, this liquidity did not contribute to creating a sustainable upward trend. The price of XRP rose to $2.17 after breaking through the resistance level at $2.12, but it soon faced heavy selling and retraced. Data shows that 189.7 million tokens were traded during this move, which typically corresponds to distribution patterns at extreme price boundaries.#BTCVSGOLD #USChinaDeal #FOMCWatch
$XRP The Ripple currency faced significant selling pressure today, and its failure to hold above the $2.12 level indicates that major investors are abandoning their positions instead of accumulating them, undermining the short-term trend. The price of XRP rose by 0.5% to reach $2.0925 in trading on Tuesday, but it underperformed the broader cryptocurrency market by about 1.77%.
Although trading volume was about 38% higher than the weekly average, indicating the entry of financial institutions, this liquidity did not contribute to creating a sustainable upward trend. The price of XRP rose to $2.17 after breaking through the resistance level at $2.12, but it soon faced heavy selling and retraced. Data shows that 189.7 million tokens were traded during this move, which typically corresponds to distribution patterns at extreme price boundaries.#BTCVSGOLD #USChinaDeal #FOMCWatch
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$BTC Bitcoin surged strongly to touch levels of $94.6 thousand, and everyone was saying "higher" and "more increases are coming". Then it dropped to $92,000. According to our latest data and social analyses (which we gather from X, Reddit, Telegram, and others), after this recent rise of Bitcoin, we noticed a huge explosion in the number of posts and comments predicting "the rise" and "more upwards". This is a red flag that cannot be ignored. How do we read the chart? 1️⃣High red bars: Indicate an increase in calls for "higher" or "above". This is a sign of "FOMO" (fear of missing out), and often coincides with a local price peak followed by a market correction, where small investors try to buy at the tops. 2️⃣High blue bars: In contrast, indicate an increase in calls for "lower" or "below". This reflects (FUD) or fear, uncertainty, and doubt. The irony here is that prices often rise after these periods, as small investors sell their assets out of fear, opening the door for smart investors to buy at attractive prices. Crypto markets often move in the opposite direction to the behavior of small traders. And when everyone is optimistic and sees prices continuing to rise without stopping, we are often on the verge of seeing a correction. #BinancehodlerSOMI #BTCVSGOLD
$BTC Bitcoin surged strongly to touch levels of $94.6 thousand, and everyone was saying "higher" and "more increases are coming".
Then it dropped to $92,000.
According to our latest data and social analyses (which we gather from X, Reddit, Telegram, and others), after this recent rise of Bitcoin, we noticed a huge explosion in the number of posts and comments predicting "the rise" and "more upwards". This is a red flag that cannot be ignored.
How do we read the chart?
1️⃣High red bars: Indicate an increase in calls for "higher" or "above". This is a sign of "FOMO" (fear of missing out), and often coincides with a local price peak followed by a market correction, where small investors try to buy at the tops.
2️⃣High blue bars: In contrast, indicate an increase in calls for "lower" or "below". This reflects (FUD) or fear, uncertainty, and doubt.
The irony here is that prices often rise after these periods, as small investors sell their assets out of fear, opening the door for smart investors to buy at attractive prices.
Crypto markets often move in the opposite direction to the behavior of small traders. And when everyone is optimistic and sees prices continuing to rise without stopping, we are often on the verge of seeing a correction. #BinancehodlerSOMI #BTCVSGOLD
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$BTC Strive Asset Management announced its plans to purchase more Bitcoin through the sale of preferred shares worth $500 million, making it one of the largest institutions buying Bitcoin. Strive currently owns 7,525 Bitcoin, valued at approximately $695.93 million, according to BitcoinTreasuries, making it the fourteenth largest Bitcoin-holding company. According to the statement, Strive said that the proceeds from the sale of shares will be used for general corporate purposes, including purchasing Bitcoin and related products and providing working capital. The company also plans to acquire income-generating assets and some new technologies and companies. Strive first announced its intention to purchase Bitcoin in May, then revealed a plan to acquire 75,000 Bitcoin linked to bankruptcy claims from the previous trading platform Mt. Gox. This move resembles Treasury Secretary Michael Saylor's tactic of focusing on increasing the amount of Bitcoin per share.#FOMCWatch #BinanceHODLerMorpho #BTCVSGOLD
$BTC Strive Asset Management announced its plans to purchase more Bitcoin through the sale of preferred shares worth $500 million, making it one of the largest institutions buying Bitcoin. Strive currently owns 7,525 Bitcoin, valued at approximately $695.93 million, according to BitcoinTreasuries, making it the fourteenth largest Bitcoin-holding company.
According to the statement, Strive said that the proceeds from the sale of shares will be used for general corporate purposes, including purchasing Bitcoin and related products and providing working capital. The company also plans to acquire income-generating assets and some new technologies and companies.
Strive first announced its intention to purchase Bitcoin in May, then revealed a plan to acquire 75,000 Bitcoin linked to bankruptcy claims from the previous trading platform Mt. Gox. This move resembles Treasury Secretary Michael Saylor's tactic of focusing on increasing the amount of Bitcoin per share.#FOMCWatch #BinanceHODLerMorpho #BTCVSGOLD
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