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How Bitcoin's growth impacts altcoins and DeFi
Key points
Bitcoin dominance reflects Bitcoin's market share in the total cryptocurrency market capitalization. It increases in bear markets when investors seek safety in Bitcoin and decreases in bull markets as speculation in altcoins rises.
Bitcoin's price is sensitive to macroeconomic factors such as interest rates and quantitative tightening. In times of high interest rates and reduced liquidity, Bitcoin behaves as a 'risk' asset, with price declines typically dragging altcoins down as well.
Bitcoin dominance reflects Bitcoin's market share in the total cryptocurrency market capitalization. It increases in bear markets when investors seek safety in Bitcoin and decreases in bull markets as speculation in altcoins rises.
Bitcoin's price is sensitive to macroeconomic factors such as interest rates and quantitative tightening. In times of high interest rates and reduced liquidity, Bitcoin behaves as a 'risk' asset, with price declines typically dragging altcoins down as well.
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Risk vs Reward: Investing in Bitcoin at All-Time Highs
Key points
Investing in Bitcoin when prices are at all-time highs can allow you to enter the market just as prices start to rise parabolically or peak before they are about to crash, making timing investments challenging. Investing at the point when Bitcoin prices peak carries significant risks, including extreme volatility, the potential for large losses, and regulatory uncertainty. Despite the risks associated with the cryptocurrency market, the potential of Bitcoin is unparalleled, with widespread adoption and the narrative of “digital gold” attracting larger investment funds. Useful Bitcoin investment strategies for managing risk relative to reward include dollar-cost averaging, diversifying your portfolio, and long-term thinking.
Investing in Bitcoin when prices are at all-time highs can allow you to enter the market just as prices start to rise parabolically or peak before they are about to crash, making timing investments challenging. Investing at the point when Bitcoin prices peak carries significant risks, including extreme volatility, the potential for large losses, and regulatory uncertainty. Despite the risks associated with the cryptocurrency market, the potential of Bitcoin is unparalleled, with widespread adoption and the narrative of “digital gold” attracting larger investment funds. Useful Bitcoin investment strategies for managing risk relative to reward include dollar-cost averaging, diversifying your portfolio, and long-term thinking.
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Explaining Bitcoin Mining Difficulty
Key points
The difficulty adjustment every 2,016 blocks helps maintain a consistent 10-minute block time, preventing rapid inflation and network overload.
In October 2024, Bitcoin mining difficulty reached a record high of 95.7 trillion, increasing energy consumption and putting pressure on miners' profits unless they adapt to more efficient equipment or lower energy costs.
The difficulty adjustment every 2,016 blocks helps maintain a consistent 10-minute block time, preventing rapid inflation and network overload.
In October 2024, Bitcoin mining difficulty reached a record high of 95.7 trillion, increasing energy consumption and putting pressure on miners' profits unless they adapt to more efficient equipment or lower energy costs.
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Institutional Bitcoin Investment: What You Need to Know
Key points
Organizations, including hedge funds, pension funds, and Fortune 500 companies, are adopting Bitcoin for its inflation hedge potential, diversification benefits, and blockchain technology.
Organizations invest through direct purchases, Bitcoin futures, ETFs, custody services, and Bitcoin-related stocks, offering various strategies that align with their risk profiles.
Organizations, including hedge funds, pension funds, and Fortune 500 companies, are adopting Bitcoin for its inflation hedge potential, diversification benefits, and blockchain technology.
Organizations invest through direct purchases, Bitcoin futures, ETFs, custody services, and Bitcoin-related stocks, offering various strategies that align with their risk profiles.
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How to use Google's Gemini to research cryptocurrency before investing
Google's Gemini artificial intelligence can help organize research, compare tokenomics, and eliminate noise. Below is the workflow for analyzing coins before you invest responsibly.
Key points to remember
Gemini is a research assistant that summarizes data and analyzes text, not a financial advisor to predict prices.
The quality of your research output completely depends on the specificity and structure of the prompt.
Key points to remember
Gemini is a research assistant that summarizes data and analyzes text, not a financial advisor to predict prices.
The quality of your research output completely depends on the specificity and structure of the prompt.
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Bitcoin begins to "give up" at $100,000 as BTC prices fluctuate sharply
Bitcoin fell nearly 4% in October as ETF capital outflows concluded the month, but the BTC price volatility rate of the Bollinger Bands reached a record high.
Key points:
Bitcoin had its worst October since 2018 as traders expressed caution about the outlook.
ETF capital outflows returned as derivative traders hedged against risks despite the macroeconomic advantages.
Bollinger Bands data indicate that BTC price volatility is about to make a strong comeback.
$BTC traded around $110,000 on Saturday as traders remained pessimistic after "Uptober" failed to meet targets.
Weak Bitcoin demand ends October
Data from Cointelegraph Markets Pro and TradingView show that BTC prices are recovering after a decline during Wall Street trading on Friday.
This event began with selling pressure - a phenomenon that frequently occurs throughout the week - related to both U.S. exchanges and Bitcoin exchange-traded funds (ETFs).
Blockchain analytics platform Glassnode stated that ETF outflows indicate "increased selling pressure from TradFi investors and renewed weakness in institutional demand."
Data from the UK-based investment firm Farside Investors show that the outflow on Friday was $191 million, following $488 million that flowed out on Thursday.
#BlackSwan39 #BearAlert
Bitcoin fell nearly 4% in October as ETF capital outflows concluded the month, but the BTC price volatility rate of the Bollinger Bands reached a record high.
Key points:
Bitcoin had its worst October since 2018 as traders expressed caution about the outlook.
ETF capital outflows returned as derivative traders hedged against risks despite the macroeconomic advantages.
Bollinger Bands data indicate that BTC price volatility is about to make a strong comeback.
$BTC traded around $110,000 on Saturday as traders remained pessimistic after "Uptober" failed to meet targets.
Weak Bitcoin demand ends October
Data from Cointelegraph Markets Pro and TradingView show that BTC prices are recovering after a decline during Wall Street trading on Friday.
This event began with selling pressure - a phenomenon that frequently occurs throughout the week - related to both U.S. exchanges and Bitcoin exchange-traded funds (ETFs).
Blockchain analytics platform Glassnode stated that ETF outflows indicate "increased selling pressure from TradFi investors and renewed weakness in institutional demand."
Data from the UK-based investment firm Farside Investors show that the outflow on Friday was $191 million, following $488 million that flowed out on Thursday.
#BlackSwan39 #BearAlert
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CZ denies that he is behind the proposal to establish a private cryptocurrency bank in Kyrgyzstan
Kyrgyzstan President Sadyr Japarov stated that Changpeng “CZ” Zhao proposed the establishment of a private bank that also trades cryptocurrency.
Binance co-founder Changpeng “CZ” Zhao has dismissed reports that he is pushing for the proposal to establish a cryptocurrency-friendly private bank in the Central Asian country of Kyrgyzstan, where he provides consulting services.
Rumors surfaced after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ visited the country in May and proposed a collaborative effort to establish a private bank that also trades cryptocurrency.
Japarov claimed he wanted to open a more state-owned bank, but when CZ rejected this idea, "we agreed to open a private bank," resulting in the creation of Bereket Bank.
Changpeng Zhao denies being behind the bank proposal
However, CZ has dismissed Japarov's claims. In a post on X on Monday, the former CEO of Binance stated that he does not support this proposal and is also not interested in running a bank.
"This is not true. It’s not even at level 4 FUD, but still false. I have never proposed to establish a bank myself. While I support banks working with cryptocurrency in general, I have no interest in running a bank. I do not recognize the name mentioned below. That is not something I proposed."
#BlackSwan39 #CZ
Kyrgyzstan President Sadyr Japarov stated that Changpeng “CZ” Zhao proposed the establishment of a private bank that also trades cryptocurrency.
Binance co-founder Changpeng “CZ” Zhao has dismissed reports that he is pushing for the proposal to establish a cryptocurrency-friendly private bank in the Central Asian country of Kyrgyzstan, where he provides consulting services.
Rumors surfaced after Kyrgyzstan President Sadyr Japarov told the Kabar news agency on Sunday that CZ visited the country in May and proposed a collaborative effort to establish a private bank that also trades cryptocurrency.
Japarov claimed he wanted to open a more state-owned bank, but when CZ rejected this idea, "we agreed to open a private bank," resulting in the creation of Bereket Bank.
Changpeng Zhao denies being behind the bank proposal
However, CZ has dismissed Japarov's claims. In a post on X on Monday, the former CEO of Binance stated that he does not support this proposal and is also not interested in running a bank.
"This is not true. It’s not even at level 4 FUD, but still false. I have never proposed to establish a bank myself. While I support banks working with cryptocurrency in general, I have no interest in running a bank. I do not recognize the name mentioned below. That is not something I proposed."
#BlackSwan39 #CZ
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Zcash reaches an 8-year high, surpassing Monero to become the leading privacy coin with a value of $6.2 billion
Zcash has defied the downturn in the cryptocurrency market with a 45% increase this week, becoming the most valuable privacy-focused cryptocurrency after Hayes made a price target prediction of $10,000.
Several top privacy coins are challenging the appeal of the digital asset market, signaling growing demand from investors for privacy-focused cryptocurrencies.
ZEC surged to a high of $388 on Friday, the highest in over eight years, after rising 7.6% in the last 24 hours, according to data aggregation company CoinMarketCap. With a market capitalization of $6.2 billion at the time of writing, ZEC has surpassed Monero to become the most valuable privacy-focused cryptocurrency.
The 45% increase in ZEC this week goes against the overall downturn trend in the cryptocurrency market, which continues to consolidate after the long-anticipated tariff deal between the U.S. and China did not materialize on Thursday.
The price surge indicates investor demand for privacy-focused coins, designed to obscure transaction details of users.
Privacy coins like Zcash and Monero hide information about the sender, receiver, and transaction, offering higher anonymity compared to anonymous cryptocurrencies like Bitcoin
#BlackSwan39 #HIGH
Zcash has defied the downturn in the cryptocurrency market with a 45% increase this week, becoming the most valuable privacy-focused cryptocurrency after Hayes made a price target prediction of $10,000.
Several top privacy coins are challenging the appeal of the digital asset market, signaling growing demand from investors for privacy-focused cryptocurrencies.
ZEC surged to a high of $388 on Friday, the highest in over eight years, after rising 7.6% in the last 24 hours, according to data aggregation company CoinMarketCap. With a market capitalization of $6.2 billion at the time of writing, ZEC has surpassed Monero to become the most valuable privacy-focused cryptocurrency.
The 45% increase in ZEC this week goes against the overall downturn trend in the cryptocurrency market, which continues to consolidate after the long-anticipated tariff deal between the U.S. and China did not materialize on Thursday.
The price surge indicates investor demand for privacy-focused coins, designed to obscure transaction details of users.
Privacy coins like Zcash and Monero hide information about the sender, receiver, and transaction, offering higher anonymity compared to anonymous cryptocurrencies like Bitcoin
#BlackSwan39 #HIGH
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Bitcoin is about to enter its first red October in seven years: What will November bring?
I. Historical Event: "Uptober" Breaks
For the First Time in 7 Years: Bitcoin is on track to end October with a decline (about 3.35%), marking the first Red October since 2018. This has shaken the sentiment of many traders who were used to good profits in this month.
Reasons: The decline is attributed to macroeconomic factors, including a less-than-positive reaction following the Fed's interest rate cut decision and previous trade tensions.
II. November: The Divide Between Past and Present
November has always been Bitcoin's "golden" month, but this year, the divide in opinions is very clear:
Negative Scenario: Concerns are rising when recalling 2018, when Red October ended with BTC prices crashing 36.57% in November. This raises questions about whether the growth momentum of the cycle will be shaken.
Positive Scenario:
November remains the best-performing month according to historical statistics (average +46% since 2013).
Q4 (Oct-Dec) is still the strongest average growth quarter (+78%). Some traders believe that a red October is just a "launchpad" for a stronger rally.
III. Historical Data on Impact
Although Red October draws attention, data shows no strong direct correlation. However, when October is weak, the growth rate in Q4 tends to slow down:
Average 3-month returns after a weak October: ~11%.
Average 3-month returns after a strong October: ~21%.
#BlackSwan39
I. Historical Event: "Uptober" Breaks
For the First Time in 7 Years: Bitcoin is on track to end October with a decline (about 3.35%), marking the first Red October since 2018. This has shaken the sentiment of many traders who were used to good profits in this month.
Reasons: The decline is attributed to macroeconomic factors, including a less-than-positive reaction following the Fed's interest rate cut decision and previous trade tensions.
II. November: The Divide Between Past and Present
November has always been Bitcoin's "golden" month, but this year, the divide in opinions is very clear:
Negative Scenario: Concerns are rising when recalling 2018, when Red October ended with BTC prices crashing 36.57% in November. This raises questions about whether the growth momentum of the cycle will be shaken.
Positive Scenario:
November remains the best-performing month according to historical statistics (average +46% since 2013).
Q4 (Oct-Dec) is still the strongest average growth quarter (+78%). Some traders believe that a red October is just a "launchpad" for a stronger rally.
III. Historical Data on Impact
Although Red October draws attention, data shows no strong direct correlation. However, when October is weak, the growth rate in Q4 tends to slow down:
Average 3-month returns after a weak October: ~11%.
Average 3-month returns after a strong October: ~21%.
#BlackSwan39
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