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Bitcoin Price Pushes Past $31K as US Judge Rules XRP Not a Security- Rally To $38K Impending?#GOATMoments Bitcoin price reclaimed resistance at $31,000 following a much-anticipated ruling in the lawsuit Ripple has been fighting against the Securities and Exchange Commission (SEC) since December 2020.
The largest cryptocurrency is up 2.4% to $31,200, boasting $607 billion in market capitalization and $23 billion in trading volume. This sudden bullish outlook can be seen across the market with #Ethereum ’s price rising 6.5% to $2,000.
XRP and the tokens the #SEC had listed to be securities in early June exploded as investors reacted to the news that XRP is not a security. At the time of writing, XRP is up 70% to trade at $0.77 while $ADA surged by 20% to $0.35, with $MATIC posting a 15% upswing to $0.85.
Bitcoin Price Flips Bullish And These Are the Levels To Watch
Bitcoin price holds marginally above $31,000 on Friday with the Moving Average Convergence (MACD) indicator likely to flash a buy signal on the four-hour chart. Traders looking forward to increased exposure to BTC longs would be looking out for a bullish cross marked by the MACD line in blue flipping above the signal line in red.
BTC/USD four-hour chart | Tradingview
Despite Bitcoin breaking above the short-term descending channel as observed, the seller congestion at $32,000 seems to be the biggest stumbling block to the expected move to $35,000 and $38,000.
For now, holding above the channel and subsequently $31,000 is crucial for the continuation of the uptrend. However, bulls will only be safe with the Bitcoin price breaking and upholding support at $32,000.
On-chain insights from Santiment compel traders to pay attention to address activity, particularly shark address activity. As reported earlier in the week, BTC accumulation is on the rise mainly among shark (0.1 – 100 $BTC ) and fish addresses (0 – 0.1 BTC).
“Sharks and whales are watching the $30k to $31k Bitcoin price ranging, just like the rest of traders. And it appears that they are accumulating stablecoins like $USDP & $DAI quite rapidly, which increases the probability of future big crypto buys,” Santiment said via a Twitter post.
Bitcoin Shark and addresses accumulating BTC | source Santiment
If support at $31,000 weakens during the weekend, Bitcoin might resolve to the long-standing consolidation above $30,000. However, such a move would push a lot of pressure on lower support levels with investors likely to sell to buy #BTC at $28,000 and $25,000.
Related Articles
Just-In: Monochrome And Vasco Files Australia’s First Spot Bitcoin ETF Under New RegimeBreaking: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%Just In: Pro-Bitcoin Presidential Aspirant RFK Outshines President Biden in New Poll
LIKE, COMMENTS AND SHARE #Binanceturns6
Bitcoin Price Pushes Past $31K as US Judge Rules XRP Not a Security- Rally To $38K Impending?
#GOATMoments Bitcoin price reclaimed resistance at $31,000 following a much-anticipated ruling in the lawsuit Ripple has been fighting against the Securities and Exchange Commission (SEC) since December 2020.
The largest cryptocurrency is up 2.4% to $31,200, boasting $607 billion in market capitalization and $23 billion in trading volume. This sudden bullish outlook can be seen across the market with #Ethereum ’s price rising 6.5% to $2,000.
XRP and the tokens the #SEC had listed to be securities in early June exploded as investors reacted to the news that XRP is not a security. At the time of writing, XRP is up 70% to trade at $0.77 while $ADA surged by 20% to $0.35, with $MATIC posting a 15% upswing to $0.85.
Bitcoin Price Flips Bullish And These Are the Levels To Watch
Bitcoin price holds marginally above $31,000 on Friday with the Moving Average Convergence (MACD) indicator likely to flash a buy signal on the four-hour chart. Traders looking forward to increased exposure to BTC longs would be looking out for a bullish cross marked by the MACD line in blue flipping above the signal line in red.
BTC/USD four-hour chart | Tradingview
Despite Bitcoin breaking above the short-term descending channel as observed, the seller congestion at $32,000 seems to be the biggest stumbling block to the expected move to $35,000 and $38,000.
For now, holding above the channel and subsequently $31,000 is crucial for the continuation of the uptrend. However, bulls will only be safe with the Bitcoin price breaking and upholding support at $32,000.
On-chain insights from Santiment compel traders to pay attention to address activity, particularly shark address activity. As reported earlier in the week, BTC accumulation is on the rise mainly among shark (0.1 – 100 $BTC ) and fish addresses (0 – 0.1 BTC).
“Sharks and whales are watching the $30k to $31k Bitcoin price ranging, just like the rest of traders. And it appears that they are accumulating stablecoins like $USDP & $DAI quite rapidly, which increases the probability of future big crypto buys,” Santiment said via a Twitter post.
Bitcoin Shark and addresses accumulating BTC | source Santiment
If support at $31,000 weakens during the weekend, Bitcoin might resolve to the long-standing consolidation above $30,000. However, such a move would push a lot of pressure on lower support levels with investors likely to sell to buy #BTC at $28,000 and $25,000.
Related Articles
Just-In: Monochrome And Vasco Files Australia’s First Spot Bitcoin ETF Under New RegimeBreaking: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%Just In: Pro-Bitcoin Presidential Aspirant RFK Outshines President Biden in New Poll
LIKE, COMMENTS AND SHARE #Binanceturns6
The largest cryptocurrency is up 2.4% to $31,200, boasting $607 billion in market capitalization and $23 billion in trading volume. This sudden bullish outlook can be seen across the market with #Ethereum ’s price rising 6.5% to $2,000.
XRP and the tokens the #SEC had listed to be securities in early June exploded as investors reacted to the news that XRP is not a security. At the time of writing, XRP is up 70% to trade at $0.77 while $ADA surged by 20% to $0.35, with $MATIC posting a 15% upswing to $0.85.
Bitcoin Price Flips Bullish And These Are the Levels To Watch
Bitcoin price holds marginally above $31,000 on Friday with the Moving Average Convergence (MACD) indicator likely to flash a buy signal on the four-hour chart. Traders looking forward to increased exposure to BTC longs would be looking out for a bullish cross marked by the MACD line in blue flipping above the signal line in red.
BTC/USD four-hour chart | Tradingview
Despite Bitcoin breaking above the short-term descending channel as observed, the seller congestion at $32,000 seems to be the biggest stumbling block to the expected move to $35,000 and $38,000.
For now, holding above the channel and subsequently $31,000 is crucial for the continuation of the uptrend. However, bulls will only be safe with the Bitcoin price breaking and upholding support at $32,000.
On-chain insights from Santiment compel traders to pay attention to address activity, particularly shark address activity. As reported earlier in the week, BTC accumulation is on the rise mainly among shark (0.1 – 100 $BTC ) and fish addresses (0 – 0.1 BTC).
“Sharks and whales are watching the $30k to $31k Bitcoin price ranging, just like the rest of traders. And it appears that they are accumulating stablecoins like $USDP & $DAI quite rapidly, which increases the probability of future big crypto buys,” Santiment said via a Twitter post.
Bitcoin Shark and addresses accumulating BTC | source Santiment
If support at $31,000 weakens during the weekend, Bitcoin might resolve to the long-standing consolidation above $30,000. However, such a move would push a lot of pressure on lower support levels with investors likely to sell to buy #BTC at $28,000 and $25,000.
Related Articles
Just-In: Monochrome And Vasco Files Australia’s First Spot Bitcoin ETF Under New RegimeBreaking: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%Just In: Pro-Bitcoin Presidential Aspirant RFK Outshines President Biden in New Poll
LIKE, COMMENTS AND SHARE #Binanceturns6
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Bitcoin Crosses $31,700, Market Excited With Ripple's Victory#GOATMoments The largest cryptocurrency by market cap recently traded at $31,500, up 3.67% over the past 24 hours. Before that, its peak hit $31,700, the highest level in more than a year.
24h BTC price chart. Source: CoinMarketCap
Inflation data barely rocked the crypto markets, but Ripple’s partial victory on Thursday sent Bitcoin and other significant digital assets higher.
Partial victory for Ripple in its battle with the US Securities and Exchange Commission (SEC) in Thursday’s court ruling is believed to be the main driver that sent the entire market boom by the celebratory action of investors.
As previously updated, the US judge ruled that selling their XRP tokens on exchanges and through algorithms does not constitute an investment contract. But the Court also ruled that the institutional token sale violated federal securities laws.
Even so, the judge’s ruling, along with the support of exchanges with a series of re-listing announcements, helped XRP price bounce more than 85% in a short time.
Overwhelmingly, major cryptocurrencies such as #Solana ($SOL ), Cardano ($ADA ), and Polygon (MATIC) plummeted after the SEC’s accusations also spiked by 15-20% in the past 24 hours. Specifically, #ADA and SOL recently increased by more than 20% and 17%, respectively. And $MATIC , the Polygon blockchain layer two token, which the SEC has also flagged, is up more than 16%.
Source: Coin360
On the side of the SEC, although agreeing with the Court’s decision, the agency said it will still take actions to consider and adjust the actions because, in some cases, Ripple is still considered to be in violation of securities law.
Although the final decision has not been reached, the ruling for the case of the SEC and Ripple has created a great incentive for investors because it will lead to the weakening of a series of previous highs of the company. #SEC and its desire to control the cryptocurrency market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#Binanceturns6
Bitcoin Crosses $31,700, Market Excited With Ripple's Victory
#GOATMoments The largest cryptocurrency by market cap recently traded at $31,500, up 3.67% over the past 24 hours. Before that, its peak hit $31,700, the highest level in more than a year.
24h BTC price chart. Source: CoinMarketCap
Inflation data barely rocked the crypto markets, but Ripple’s partial victory on Thursday sent Bitcoin and other significant digital assets higher.
Partial victory for Ripple in its battle with the US Securities and Exchange Commission (SEC) in Thursday’s court ruling is believed to be the main driver that sent the entire market boom by the celebratory action of investors.
As previously updated, the US judge ruled that selling their XRP tokens on exchanges and through algorithms does not constitute an investment contract. But the Court also ruled that the institutional token sale violated federal securities laws.
Even so, the judge’s ruling, along with the support of exchanges with a series of re-listing announcements, helped XRP price bounce more than 85% in a short time.
Overwhelmingly, major cryptocurrencies such as #Solana ($SOL ), Cardano ($ADA ), and Polygon (MATIC) plummeted after the SEC’s accusations also spiked by 15-20% in the past 24 hours. Specifically, #ADA and SOL recently increased by more than 20% and 17%, respectively. And $MATIC , the Polygon blockchain layer two token, which the SEC has also flagged, is up more than 16%.
Source: Coin360
On the side of the SEC, although agreeing with the Court’s decision, the agency said it will still take actions to consider and adjust the actions because, in some cases, Ripple is still considered to be in violation of securities law.
Although the final decision has not been reached, the ruling for the case of the SEC and Ripple has created a great incentive for investors because it will lead to the weakening of a series of previous highs of the company. #SEC and its desire to control the cryptocurrency market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#Binanceturns6
24h BTC price chart. Source: CoinMarketCap
Inflation data barely rocked the crypto markets, but Ripple’s partial victory on Thursday sent Bitcoin and other significant digital assets higher.
Partial victory for Ripple in its battle with the US Securities and Exchange Commission (SEC) in Thursday’s court ruling is believed to be the main driver that sent the entire market boom by the celebratory action of investors.
As previously updated, the US judge ruled that selling their XRP tokens on exchanges and through algorithms does not constitute an investment contract. But the Court also ruled that the institutional token sale violated federal securities laws.
Even so, the judge’s ruling, along with the support of exchanges with a series of re-listing announcements, helped XRP price bounce more than 85% in a short time.
Overwhelmingly, major cryptocurrencies such as #Solana ($SOL ), Cardano ($ADA ), and Polygon (MATIC) plummeted after the SEC’s accusations also spiked by 15-20% in the past 24 hours. Specifically, #ADA and SOL recently increased by more than 20% and 17%, respectively. And $MATIC , the Polygon blockchain layer two token, which the SEC has also flagged, is up more than 16%.
Source: Coin360
On the side of the SEC, although agreeing with the Court’s decision, the agency said it will still take actions to consider and adjust the actions because, in some cases, Ripple is still considered to be in violation of securities law.
Although the final decision has not been reached, the ruling for the case of the SEC and Ripple has created a great incentive for investors because it will lead to the weakening of a series of previous highs of the company. #SEC and its desire to control the cryptocurrency market.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.#Binanceturns6
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Ripple's Chief Legal Officer Discusses XRP Case And SEC's Possible Apeal#Binanceturns6 Ripple had won a major victory in its legal battle with the US Securities and Exchange Commission (SEC), when the judge ruled that the sale of $XRP on exchanges was not a security offering.
The decision was a “victory” for both the company and the #cryptocurrency community, but Stu Alderoty, chief legal officer of Ripple Labs, stated that the search for regulatory clarity is not over yet.
Following the decision, the #SEC claimed that the decision in favor of Ripple on secondary market sales was a “wrong decision”.
However, Alderoty said that Ripple will not shy away from a possible appeal from the:
“We think the judge got this right, and we believe it's a faithful application of the law, which I think an appeals court will not only uphold, but pmaybeplp0Lpp0lp#p
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Alderoty said the #Ripple lawsuit could provide clarity for other pending lawsuits:
“I think our case and the verdict of our judge will . said the question policymakers and lawyers alike should ask is “What is the best regulatory framework that protects the integrity of the market?”
Overall, Alderoty noted that the industry needs a comprehensive regulatory framework, and without it the US would risk losing innovation:
“Without this, I don't think the crypto industry and the technology behind it, the brilliant entrepreneurs who drive it, can truly realize the full potential of this technology in the U.S. and overseas relocations will continue.”
Alderoty also advised other #crypto companies:
“Incorporate in a country with a “clear regulatory regime”. Otherwise, you will continue to face the hostility we see in the crypto industry in the US. Until you have a clear, comprehensive regulatory framework in the US, this is probably not a place you would want to start your business. And that's a sad statement.”
*Not investment advice.#googleai
Ripple's Chief Legal Officer Discusses XRP Case And SEC's Possible Apeal
#Binanceturns6 Ripple had won a major victory in its legal battle with the US Securities and Exchange Commission (SEC), when the judge ruled that the sale of $XRP on exchanges was not a security offering.
The decision was a “victory” for both the company and the #cryptocurrency community, but Stu Alderoty, chief legal officer of Ripple Labs, stated that the search for regulatory clarity is not over yet.
Following the decision, the #SEC claimed that the decision in favor of Ripple on secondary market sales was a “wrong decision”.
However, Alderoty said that Ripple will not shy away from a possible appeal from the:
“We think the judge got this right, and we believe it's a faithful application of the law, which I think an appeals court will not only uphold, but pmaybeplp0Lpp0lp#p
LPLL
&#pp
)1!lcop
Dpp0
POOR
0
0
PPA1
#
!₩1)
0r
p
a
,'1P
p
'A
PLPL1L
# A p
pala#
A
pp0l
L epven strengthen.”
Alderoty said the #Ripple lawsuit could provide clarity for other pending lawsuits:
“I think our case and the verdict of our judge will . said the question policymakers and lawyers alike should ask is “What is the best regulatory framework that protects the integrity of the market?”
Overall, Alderoty noted that the industry needs a comprehensive regulatory framework, and without it the US would risk losing innovation:
“Without this, I don't think the crypto industry and the technology behind it, the brilliant entrepreneurs who drive it, can truly realize the full potential of this technology in the U.S. and overseas relocations will continue.”
Alderoty also advised other #crypto companies:
“Incorporate in a country with a “clear regulatory regime”. Otherwise, you will continue to face the hostility we see in the crypto industry in the US. Until you have a clear, comprehensive regulatory framework in the US, this is probably not a place you would want to start your business. And that's a sad statement.”
*Not investment advice.#googleai
The decision was a “victory” for both the company and the #cryptocurrency community, but Stu Alderoty, chief legal officer of Ripple Labs, stated that the search for regulatory clarity is not over yet.
Following the decision, the #SEC claimed that the decision in favor of Ripple on secondary market sales was a “wrong decision”.
However, Alderoty said that Ripple will not shy away from a possible appeal from the:
“We think the judge got this right, and we believe it's a faithful application of the law, which I think an appeals court will not only uphold, but pmaybeplp0Lpp0lp#p
LPLL
&#pp
)1!lcop
Dpp0
POOR
0
0
PPA1
#
!₩1)
0r
p
a
,'1P
p
'A
PLPL1L
# A p
pala#
A
pp0l
L epven strengthen.”
Alderoty said the #Ripple lawsuit could provide clarity for other pending lawsuits:
“I think our case and the verdict of our judge will . said the question policymakers and lawyers alike should ask is “What is the best regulatory framework that protects the integrity of the market?”
Overall, Alderoty noted that the industry needs a comprehensive regulatory framework, and without it the US would risk losing innovation:
“Without this, I don't think the crypto industry and the technology behind it, the brilliant entrepreneurs who drive it, can truly realize the full potential of this technology in the U.S. and overseas relocations will continue.”
Alderoty also advised other #crypto companies:
“Incorporate in a country with a “clear regulatory regime”. Otherwise, you will continue to face the hostility we see in the crypto industry in the US. Until you have a clear, comprehensive regulatory framework in the US, this is probably not a place you would want to start your business. And that's a sad statement.”
*Not investment advice.#googleai
4
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15.9k
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Bitcoin Price Prediction as BTC Falls Back Down to $30,000 Support-Where Is The Next BTC Target?#GOATMoments Bitcoin's price has encountered a setback as it falls back down to the key support level of $30,000. At the time of writing, Bitcoin is trading at around $30,330.
Recent news surrounding the cryptocurrency market includes a Coinbase user's claim of account closure by Bank of America due to Bitcoin transactions, drawing attention to potential challenges faced by banks in accommodating digital assets.
Additionally, the ruling by Judge Torres that $XRP is not considered a security in the #SEC vs. Ripple case has received criticism from regulators, further highlighting the ongoing legal and regulatory developments in the cryptocurrency space.
As Bitcoin finds support at the $30,000 level, investors are now curious about the next $BTC price movement target.
Bank of America Under Scrutiny for Closing Coinbase User's Account
After a Coinbase customer voiced concerns about their account being closed by Bank of America due to Bitcoin transactions, the bank faced criticism.
Brian Armstrong, CEO of Coinbase, quickly addressed the issue and questioned if other users had encountered similar problems with Bank of America.
Muneeb Ali, co-founder of Stacks, a Bitcoin smart contract platform, took to Twitter on Wednesday to express that Bank of America had abruptly closed his bank account, which he had been using for 15 years, without providing any explanation.
This incident sparked backlash against the bank. Ali strongly suspects that using the bank account for purchasing Bitcoin through Coinbase led to its closure.
He tweeted, "This is a war on Bitcoin and crypto."
In response to Armstrong's inquiry, several individuals shared their own experiences, although some claimed they had not faced any issues.
However, a significant number disclosed that their banks had either closed or restricted their accounts due to Bitcoin transactions.
As a result of this negative sentiment, Bitcoin faced downward pressure on Saturday.
Regulator Challenges Judge Torres' Ruling on XRP's Security Status in SEC vs. Ripple Case
The legal battle between the US Securities and Exchange Commission (SEC) and Ripple has resulted in partial wins for both parties, allowing the SEC to proceed with its case.
While facing criticism from the XRP community, the SEC has expressed its position following the court's decision. Reports suggest that the SEC may choose to continue pursuing the case.
According to the judge's ruling, Ripple was found to have violated securities laws by offering and selling XRP as investment contracts in certain circumstances.
Notably, the violation pertained to the sale of XRP to institutional investors, while the judge ruled in favor of Ripple for selling the asset to the general public.
This ruling establishes a distinction in the application of securities laws based on the type of investors involved.
The possibility of the SEC continuing its case has added pressure to the value of Bitcoin on Saturday.
Bitcoin Price Prediction
Bitcoin encountered a notable pullback after failing to overcome the crucial resistance level at $31,793, forming a double obstacle for its price movement.
Presently, Bitcoin is trading near $30,300 and finding support around the $30,000 level, reinforced by an upward trendline. The candlestick closures above the trendline indicate a persistent bullish sentiment.
However, potential resistance looms around $30,411, posing a challenge to Bitcoin's upward momentum.
Immediate support is identified at $30,000, and if breached, the next support level to monitor is around $29,500.
Bitcoin Price Chart - Source: Tradingview
The Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the 50-day exponential moving average all signal bearish sentiment and act as significant resistance near $30,750.
A decisive break below $30,000 may lead #bitcoin towards the next target at $29,500, continuing the downtrend to $28,700.
Conversely, surpassing the $30,400 level could open doors to further upside potential, targeting $30,700 and $31,350.
Traders and investors should closely watch the price action around $30,000, a crucial pivot point that may determine the trend continuation or resumption.
Bitcoin Price Chart - Source: Tradingview
Conversely, if Bitcoin surpasses the $30,400 level, it could pave the way for further upside potential, with price targets of $30,700 and $31,350.
It is important to closely monitor the price action around the $30,000 level as it is a crucial pivot point.
Immediate support is observed at around $30,000, and a breach below this level could lead to further downward pressure towards $29,500.
Conversely, a break above the $30,400 level could open the doors for potential gains toward $30,700 and $31,350.
Traders and investors should closely monitor these key levels to gain insights into Bitcoin's short-term price direction and adjust their strategies accordingly.
Top 15 Cryptocurrencies to Watch in 2023
Keep yourself updated on the newest initial coin offering (ICO) ventures and alternative cryptocurrencies by regularly exploring our meticulously chosen assortment of the top 15 digital assets to monitor in 2023.
This meticulously crafted compilation has been assembled by industry professionals from Industry Talk and Cryptonews, guaranteeing that you receive expert suggestions and valuable perspectives.
Stay at the forefront and uncover the possibilities presented by these cryptocurrencies as you navigate the dynamic landscape of digital assets.
See the 15 Cryptocurrencies
Find The Best Price to Buy/Sell Cryptocurrency
#cryptocurrency Price Tracker - Source: Cryptonews
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.#Binanceturns6
Bitcoin Price Prediction as BTC Falls Back Down to $30,000 Support-Where Is The Next BTC Target?
#GOATMoments Bitcoin's price has encountered a setback as it falls back down to the key support level of $30,000. At the time of writing, Bitcoin is trading at around $30,330.
Recent news surrounding the cryptocurrency market includes a Coinbase user's claim of account closure by Bank of America due to Bitcoin transactions, drawing attention to potential challenges faced by banks in accommodating digital assets.
Additionally, the ruling by Judge Torres that $XRP is not considered a security in the #SEC vs. Ripple case has received criticism from regulators, further highlighting the ongoing legal and regulatory developments in the cryptocurrency space.
As Bitcoin finds support at the $30,000 level, investors are now curious about the next $BTC price movement target.
Bank of America Under Scrutiny for Closing Coinbase User's Account
After a Coinbase customer voiced concerns about their account being closed by Bank of America due to Bitcoin transactions, the bank faced criticism.
Brian Armstrong, CEO of Coinbase, quickly addressed the issue and questioned if other users had encountered similar problems with Bank of America.
Muneeb Ali, co-founder of Stacks, a Bitcoin smart contract platform, took to Twitter on Wednesday to express that Bank of America had abruptly closed his bank account, which he had been using for 15 years, without providing any explanation.
This incident sparked backlash against the bank. Ali strongly suspects that using the bank account for purchasing Bitcoin through Coinbase led to its closure.
He tweeted, "This is a war on Bitcoin and crypto."
In response to Armstrong's inquiry, several individuals shared their own experiences, although some claimed they had not faced any issues.
However, a significant number disclosed that their banks had either closed or restricted their accounts due to Bitcoin transactions.
As a result of this negative sentiment, Bitcoin faced downward pressure on Saturday.
Regulator Challenges Judge Torres' Ruling on XRP's Security Status in SEC vs. Ripple Case
The legal battle between the US Securities and Exchange Commission (SEC) and Ripple has resulted in partial wins for both parties, allowing the SEC to proceed with its case.
While facing criticism from the XRP community, the SEC has expressed its position following the court's decision. Reports suggest that the SEC may choose to continue pursuing the case.
According to the judge's ruling, Ripple was found to have violated securities laws by offering and selling XRP as investment contracts in certain circumstances.
Notably, the violation pertained to the sale of XRP to institutional investors, while the judge ruled in favor of Ripple for selling the asset to the general public.
This ruling establishes a distinction in the application of securities laws based on the type of investors involved.
The possibility of the SEC continuing its case has added pressure to the value of Bitcoin on Saturday.
Bitcoin Price Prediction
Bitcoin encountered a notable pullback after failing to overcome the crucial resistance level at $31,793, forming a double obstacle for its price movement.
Presently, Bitcoin is trading near $30,300 and finding support around the $30,000 level, reinforced by an upward trendline. The candlestick closures above the trendline indicate a persistent bullish sentiment.
However, potential resistance looms around $30,411, posing a challenge to Bitcoin's upward momentum.
Immediate support is identified at $30,000, and if breached, the next support level to monitor is around $29,500.
Bitcoin Price Chart - Source: Tradingview
The Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the 50-day exponential moving average all signal bearish sentiment and act as significant resistance near $30,750.
A decisive break below $30,000 may lead #bitcoin towards the next target at $29,500, continuing the downtrend to $28,700.
Conversely, surpassing the $30,400 level could open doors to further upside potential, targeting $30,700 and $31,350.
Traders and investors should closely watch the price action around $30,000, a crucial pivot point that may determine the trend continuation or resumption.
Bitcoin Price Chart - Source: Tradingview
Conversely, if Bitcoin surpasses the $30,400 level, it could pave the way for further upside potential, with price targets of $30,700 and $31,350.
It is important to closely monitor the price action around the $30,000 level as it is a crucial pivot point.
Immediate support is observed at around $30,000, and a breach below this level could lead to further downward pressure towards $29,500.
Conversely, a break above the $30,400 level could open the doors for potential gains toward $30,700 and $31,350.
Traders and investors should closely monitor these key levels to gain insights into Bitcoin's short-term price direction and adjust their strategies accordingly.
Top 15 Cryptocurrencies to Watch in 2023
Keep yourself updated on the newest initial coin offering (ICO) ventures and alternative cryptocurrencies by regularly exploring our meticulously chosen assortment of the top 15 digital assets to monitor in 2023.
This meticulously crafted compilation has been assembled by industry professionals from Industry Talk and Cryptonews, guaranteeing that you receive expert suggestions and valuable perspectives.
Stay at the forefront and uncover the possibilities presented by these cryptocurrencies as you navigate the dynamic landscape of digital assets.
See the 15 Cryptocurrencies
Find The Best Price to Buy/Sell Cryptocurrency
#cryptocurrency Price Tracker - Source: Cryptonews
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.#Binanceturns6
Recent news surrounding the cryptocurrency market includes a Coinbase user's claim of account closure by Bank of America due to Bitcoin transactions, drawing attention to potential challenges faced by banks in accommodating digital assets.
Additionally, the ruling by Judge Torres that $XRP is not considered a security in the #SEC vs. Ripple case has received criticism from regulators, further highlighting the ongoing legal and regulatory developments in the cryptocurrency space.
As Bitcoin finds support at the $30,000 level, investors are now curious about the next $BTC price movement target.
Bank of America Under Scrutiny for Closing Coinbase User's Account
After a Coinbase customer voiced concerns about their account being closed by Bank of America due to Bitcoin transactions, the bank faced criticism.
Brian Armstrong, CEO of Coinbase, quickly addressed the issue and questioned if other users had encountered similar problems with Bank of America.
Muneeb Ali, co-founder of Stacks, a Bitcoin smart contract platform, took to Twitter on Wednesday to express that Bank of America had abruptly closed his bank account, which he had been using for 15 years, without providing any explanation.
This incident sparked backlash against the bank. Ali strongly suspects that using the bank account for purchasing Bitcoin through Coinbase led to its closure.
He tweeted, "This is a war on Bitcoin and crypto."
In response to Armstrong's inquiry, several individuals shared their own experiences, although some claimed they had not faced any issues.
However, a significant number disclosed that their banks had either closed or restricted their accounts due to Bitcoin transactions.
As a result of this negative sentiment, Bitcoin faced downward pressure on Saturday.
Regulator Challenges Judge Torres' Ruling on XRP's Security Status in SEC vs. Ripple Case
The legal battle between the US Securities and Exchange Commission (SEC) and Ripple has resulted in partial wins for both parties, allowing the SEC to proceed with its case.
While facing criticism from the XRP community, the SEC has expressed its position following the court's decision. Reports suggest that the SEC may choose to continue pursuing the case.
According to the judge's ruling, Ripple was found to have violated securities laws by offering and selling XRP as investment contracts in certain circumstances.
Notably, the violation pertained to the sale of XRP to institutional investors, while the judge ruled in favor of Ripple for selling the asset to the general public.
This ruling establishes a distinction in the application of securities laws based on the type of investors involved.
The possibility of the SEC continuing its case has added pressure to the value of Bitcoin on Saturday.
Bitcoin Price Prediction
Bitcoin encountered a notable pullback after failing to overcome the crucial resistance level at $31,793, forming a double obstacle for its price movement.
Presently, Bitcoin is trading near $30,300 and finding support around the $30,000 level, reinforced by an upward trendline. The candlestick closures above the trendline indicate a persistent bullish sentiment.
However, potential resistance looms around $30,411, posing a challenge to Bitcoin's upward momentum.
Immediate support is identified at $30,000, and if breached, the next support level to monitor is around $29,500.
Bitcoin Price Chart - Source: Tradingview
The Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and the 50-day exponential moving average all signal bearish sentiment and act as significant resistance near $30,750.
A decisive break below $30,000 may lead #bitcoin towards the next target at $29,500, continuing the downtrend to $28,700.
Conversely, surpassing the $30,400 level could open doors to further upside potential, targeting $30,700 and $31,350.
Traders and investors should closely watch the price action around $30,000, a crucial pivot point that may determine the trend continuation or resumption.
Bitcoin Price Chart - Source: Tradingview
Conversely, if Bitcoin surpasses the $30,400 level, it could pave the way for further upside potential, with price targets of $30,700 and $31,350.
It is important to closely monitor the price action around the $30,000 level as it is a crucial pivot point.
Immediate support is observed at around $30,000, and a breach below this level could lead to further downward pressure towards $29,500.
Conversely, a break above the $30,400 level could open the doors for potential gains toward $30,700 and $31,350.
Traders and investors should closely monitor these key levels to gain insights into Bitcoin's short-term price direction and adjust their strategies accordingly.
Top 15 Cryptocurrencies to Watch in 2023
Keep yourself updated on the newest initial coin offering (ICO) ventures and alternative cryptocurrencies by regularly exploring our meticulously chosen assortment of the top 15 digital assets to monitor in 2023.
This meticulously crafted compilation has been assembled by industry professionals from Industry Talk and Cryptonews, guaranteeing that you receive expert suggestions and valuable perspectives.
Stay at the forefront and uncover the possibilities presented by these cryptocurrencies as you navigate the dynamic landscape of digital assets.
See the 15 Cryptocurrencies
Find The Best Price to Buy/Sell Cryptocurrency
#cryptocurrency Price Tracker - Source: Cryptonews
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.#Binanceturns6
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Analyst Names 13 Altcoins: "This Could Be The Next Trend"#GOATMoments Cryptocurrency analyst Viktor shared his views on the current status and future prospects of various coins in the crypto space.
In a recent post, he explained the factors that can affect the price movements and performance of some of the most popular and promising cryptocurrencies.
According to Viktor, Bitcoin (#BTC ) may still be the safest long-term option as the likelihood of an exchange-traded fund (ETF) being approved remains.He also stated that Ethereum (ETH) could benefit from the recent news that Ripple (XRP) has settled its lawsuit with the US Securities and Exchange Commission (SEC), which could increase trust and demand for non-BTC coins.Viktor also identified Solana (SOL) as the best alternative tier 1 (L1) platform, as it has a strong recent trend in non-securities and a large and active community of supporters and promoters.He added that Lido (LDO) is a kind of leveraged system over ETH, as it allows users to stake their ETH and earn rewards without locking up their funds.Another coin that Viktor praised was Polygon (MATIC), which he says is going through a rebranding process and has a trend towards non-security. As Bitcoinsistemi.com reported, MATIC will be rebranded as POL.
He argued that for the Optimism (OP) token, it could be under the positive influence of the Base mainnet, which Coinbase will launch soon.Viktor also argued that the DeFi bear market is over and pointed to the Synthetix (SNX) token.On the other hand, Viktor suggested that Ripple (XRP) and Stellar (XLM) could be short candidates as they have already reached the top after the #SEC news.He also questioned whether Avalanche ($AVAX ) could follow in the footsteps of $SOL as it is another L1 platform that claims to offer high scalability and low fees.In addition, the analyst also mentioned the Conflux Network (CFX) altcoin due to its popularity in 2023. He also mentioned Pepe (#PEPE ), which he says performs well in bull conditions.Finally, Viktor voiced his doubts about Bitcoin Cash (BCH), which he says has an obsolete trend of being a faster and cheaper version of Bitcoin. He suggested that $BCH could be a candidate for shorting or hedging against other coins.
*Not investment advice.#Binanceturns6
Analyst Names 13 Altcoins: "This Could Be The Next Trend"
#GOATMoments Cryptocurrency analyst Viktor shared his views on the current status and future prospects of various coins in the crypto space.
In a recent post, he explained the factors that can affect the price movements and performance of some of the most popular and promising cryptocurrencies.
According to Viktor, Bitcoin (#BTC ) may still be the safest long-term option as the likelihood of an exchange-traded fund (ETF) being approved remains.He also stated that Ethereum (ETH) could benefit from the recent news that Ripple (XRP) has settled its lawsuit with the US Securities and Exchange Commission (SEC), which could increase trust and demand for non-BTC coins.Viktor also identified Solana (SOL) as the best alternative tier 1 (L1) platform, as it has a strong recent trend in non-securities and a large and active community of supporters and promoters.He added that Lido (LDO) is a kind of leveraged system over ETH, as it allows users to stake their ETH and earn rewards without locking up their funds.Another coin that Viktor praised was Polygon (MATIC), which he says is going through a rebranding process and has a trend towards non-security. As Bitcoinsistemi.com reported, MATIC will be rebranded as POL.
He argued that for the Optimism (OP) token, it could be under the positive influence of the Base mainnet, which Coinbase will launch soon.Viktor also argued that the DeFi bear market is over and pointed to the Synthetix (SNX) token.On the other hand, Viktor suggested that Ripple (XRP) and Stellar (XLM) could be short candidates as they have already reached the top after the #SEC news.He also questioned whether Avalanche ($AVAX ) could follow in the footsteps of $SOL as it is another L1 platform that claims to offer high scalability and low fees.In addition, the analyst also mentioned the Conflux Network (CFX) altcoin due to its popularity in 2023. He also mentioned Pepe (#PEPE ), which he says performs well in bull conditions.Finally, Viktor voiced his doubts about Bitcoin Cash (BCH), which he says has an obsolete trend of being a faster and cheaper version of Bitcoin. He suggested that $BCH could be a candidate for shorting or hedging against other coins.
*Not investment advice.#Binanceturns6
In a recent post, he explained the factors that can affect the price movements and performance of some of the most popular and promising cryptocurrencies.
According to Viktor, Bitcoin (#BTC ) may still be the safest long-term option as the likelihood of an exchange-traded fund (ETF) being approved remains.He also stated that Ethereum (ETH) could benefit from the recent news that Ripple (XRP) has settled its lawsuit with the US Securities and Exchange Commission (SEC), which could increase trust and demand for non-BTC coins.Viktor also identified Solana (SOL) as the best alternative tier 1 (L1) platform, as it has a strong recent trend in non-securities and a large and active community of supporters and promoters.He added that Lido (LDO) is a kind of leveraged system over ETH, as it allows users to stake their ETH and earn rewards without locking up their funds.Another coin that Viktor praised was Polygon (MATIC), which he says is going through a rebranding process and has a trend towards non-security. As Bitcoinsistemi.com reported, MATIC will be rebranded as POL.
He argued that for the Optimism (OP) token, it could be under the positive influence of the Base mainnet, which Coinbase will launch soon.Viktor also argued that the DeFi bear market is over and pointed to the Synthetix (SNX) token.On the other hand, Viktor suggested that Ripple (XRP) and Stellar (XLM) could be short candidates as they have already reached the top after the #SEC news.He also questioned whether Avalanche ($AVAX ) could follow in the footsteps of $SOL as it is another L1 platform that claims to offer high scalability and low fees.In addition, the analyst also mentioned the Conflux Network (CFX) altcoin due to its popularity in 2023. He also mentioned Pepe (#PEPE ), which he says performs well in bull conditions.Finally, Viktor voiced his doubts about Bitcoin Cash (BCH), which he says has an obsolete trend of being a faster and cheaper version of Bitcoin. He suggested that $BCH could be a candidate for shorting or hedging against other coins.
*Not investment advice.#Binanceturns6
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American Banks May Tap XRP For Cross-Border Payments: Ripple CLO#Binanceturns6 The recent ruling, in which Judge Analisa Torres declared that XRP is not a security, may prove to have more positive undertones for the blockchain payments company, Ripple Labs Inc. Speaking in an interview with CNBC, Stuart Alderoty, the company's general counsel shared a very optimistic projection as he noted that banks in the United States may soon start using XRP coin for cross-border payments following the lawsuit.
ODL push
In the interview, Alderoty noted that the company will soon start pitching its On-Demand Liquidity (ODL) service to U.S. banks beginning in the third quarter. The ODL service uses $XRP as its native currency, and the service has helped the company carve out a growth path in different countries, particularly the Asia-Pacific region.
The use of XRP as a #cryptocurrency for payments in the U.S. was only up for discussion now as the lawsuit by the Securities and Exchange Commission (SEC) resulted in regulatory uncertainty that pushed many away. The case forced Ripple's long-time partner, Moneygram International, to call off its business relationship with the company in early 2021.
Right now, Alderoty is confident that the lawsuit will help onboard many new financial players.
He said, "I think we're hopeful that this decision would give financial institution customers or potential customers comfort to at least come in and start having the conversation about what problems they are experiencing in their business, real-world problems in terms of moving value across borders without incurring obscene fees."
Are there more headwinds ahead?
The recent ruling has stirred a lot of debate regarding what comes next in the Ripple v. SEC legal tussle. While the #SEC may choose to go to trial and possibly appeal the latest ruling, the clarity #XRP has gotten as a piece of code, powered by algorithms, is enough to fuel its stability in the near term.
While the case is not completely over yet, the company and its ecosystem believe they are on the right path to winning completely.#GOATMoments
American Banks May Tap XRP For Cross-Border Payments: Ripple CLO
#Binanceturns6 The recent ruling, in which Judge Analisa Torres declared that XRP is not a security, may prove to have more positive undertones for the blockchain payments company, Ripple Labs Inc. Speaking in an interview with CNBC, Stuart Alderoty, the company's general counsel shared a very optimistic projection as he noted that banks in the United States may soon start using XRP coin for cross-border payments following the lawsuit.
ODL push
In the interview, Alderoty noted that the company will soon start pitching its On-Demand Liquidity (ODL) service to U.S. banks beginning in the third quarter. The ODL service uses $XRP as its native currency, and the service has helped the company carve out a growth path in different countries, particularly the Asia-Pacific region.
The use of XRP as a #cryptocurrency for payments in the U.S. was only up for discussion now as the lawsuit by the Securities and Exchange Commission (SEC) resulted in regulatory uncertainty that pushed many away. The case forced Ripple's long-time partner, Moneygram International, to call off its business relationship with the company in early 2021.
Right now, Alderoty is confident that the lawsuit will help onboard many new financial players.
He said, "I think we're hopeful that this decision would give financial institution customers or potential customers comfort to at least come in and start having the conversation about what problems they are experiencing in their business, real-world problems in terms of moving value across borders without incurring obscene fees."
Are there more headwinds ahead?
The recent ruling has stirred a lot of debate regarding what comes next in the Ripple v. SEC legal tussle. While the #SEC may choose to go to trial and possibly appeal the latest ruling, the clarity #XRP has gotten as a piece of code, powered by algorithms, is enough to fuel its stability in the near term.
While the case is not completely over yet, the company and its ecosystem believe they are on the right path to winning completely.#GOATMoments
ODL push
In the interview, Alderoty noted that the company will soon start pitching its On-Demand Liquidity (ODL) service to U.S. banks beginning in the third quarter. The ODL service uses $XRP as its native currency, and the service has helped the company carve out a growth path in different countries, particularly the Asia-Pacific region.
The use of XRP as a #cryptocurrency for payments in the U.S. was only up for discussion now as the lawsuit by the Securities and Exchange Commission (SEC) resulted in regulatory uncertainty that pushed many away. The case forced Ripple's long-time partner, Moneygram International, to call off its business relationship with the company in early 2021.
Right now, Alderoty is confident that the lawsuit will help onboard many new financial players.
He said, "I think we're hopeful that this decision would give financial institution customers or potential customers comfort to at least come in and start having the conversation about what problems they are experiencing in their business, real-world problems in terms of moving value across borders without incurring obscene fees."
Are there more headwinds ahead?
The recent ruling has stirred a lot of debate regarding what comes next in the Ripple v. SEC legal tussle. While the #SEC may choose to go to trial and possibly appeal the latest ruling, the clarity #XRP has gotten as a piece of code, powered by algorithms, is enough to fuel its stability in the near term.
While the case is not completely over yet, the company and its ecosystem believe they are on the right path to winning completely.#GOATMoments
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BlackRock Names Optimal Bitcoin Share in Investor's Risk Portfolio-You'll Be SurprisedCrypto analyst and trader Michael van de Poppe has posted a screenshot from a BlackRock document, in which the leading global fund manager names an optimal share of Bitcoin in a risk portfolio for investors.
Poppe shared a screenshot from a BlackRock document called "Asset Allocation with Crypto: Application of Preferences for Positive Skewness," in which the authors name the Bitcoin share in an optimal risk portfolio equal to 84.9%. Even though the document is dated early 2022, it still seems to be relevant for the crypto investment community.
The analyst then took a jab at those who expect the flagship cryptocurrency to decline to the $12,000 level in the near future. "I'll just buy more," van de Poppe tweeted.
Analysts at Blackrock state that an optimal risk portfolio includes 84% of #Bitcoin. Yet, you think we'll go to $12K. I'll just buy more. pic.twitter.com/3oHRSwppiR— Michaël van de Poppe (@CryptoMichNL) July 26, 2023
BlackRock and its BTC ETF shock wave
Earlier this year, BlackRock sent shock waves among the crypto market as it filed for a Bitcoin spot ETF with the SEC regulator. It was followed by a similar application of Invesco. These moves of the investment companies pushed the Bitcoin price up past the $30,000 level.
Several other major Wall Street companies, including Fidelity, also submitted filings for their own Bitcoin spot ETFs. However, the #SEC regulatory agency returned them, saying that all these document filings were inadequate. The companies then corrected them and submitted the filings once again.
Fidelity, together with Citadel Securities and Charles Schwab, launched a centralized exchange called EDX Markets. That also impacted the Bitcoin price positively. At the time of this writing, the leading digital currency is changing hands at $29,194, according to data provided by CoinMarketCap.
Investors keep withdrawing BTC to self-custody
Santiment on-chain data aggregator reported that it noticed #bitcoin continuing to outflow from crypto exchanges and into the self-custody of cold wallets. The analysts have also noticed that despite the recent fall below the $30,000 line, they do not see any signs of FUD or upcoming big sell-offs.
At press time, per Santiment, there are 1.17 million BTC held in wallets related to crypto exchanges; that is the smallest amount of #BTC since November 2018, when the #crypto winter was in full swing.
👍 #Bitcoin's supply on exchanges continues to move into self custody, and the drop below $30k last week hasn't triggered severe reactions that would indicate #FUD or more upcoming sell-offs. The 1.17M $BTC on exchanges is the least amount since Nov, 2018. https://t.co/UlqAO0W0cH pic.twitter.com/HmmUMm7QIx— Santiment (@santimentfeed) July 26, 2023#Binanceturns6
BlackRock Names Optimal Bitcoin Share in Investor's Risk Portfolio-You'll Be Surprised
Crypto analyst and trader Michael van de Poppe has posted a screenshot from a BlackRock document, in which the leading global fund manager names an optimal share of Bitcoin in a risk portfolio for investors.
Poppe shared a screenshot from a BlackRock document called "Asset Allocation with Crypto: Application of Preferences for Positive Skewness," in which the authors name the Bitcoin share in an optimal risk portfolio equal to 84.9%. Even though the document is dated early 2022, it still seems to be relevant for the crypto investment community.
The analyst then took a jab at those who expect the flagship cryptocurrency to decline to the $12,000 level in the near future. "I'll just buy more," van de Poppe tweeted.
Analysts at Blackrock state that an optimal risk portfolio includes 84% of #Bitcoin. Yet, you think we'll go to $12K. I'll just buy more. pic.twitter.com/3oHRSwppiR— Michaël van de Poppe (@CryptoMichNL) July 26, 2023
BlackRock and its BTC ETF shock wave
Earlier this year, BlackRock sent shock waves among the crypto market as it filed for a Bitcoin spot ETF with the SEC regulator. It was followed by a similar application of Invesco. These moves of the investment companies pushed the Bitcoin price up past the $30,000 level.
Several other major Wall Street companies, including Fidelity, also submitted filings for their own Bitcoin spot ETFs. However, the #SEC regulatory agency returned them, saying that all these document filings were inadequate. The companies then corrected them and submitted the filings once again.
Fidelity, together with Citadel Securities and Charles Schwab, launched a centralized exchange called EDX Markets. That also impacted the Bitcoin price positively. At the time of this writing, the leading digital currency is changing hands at $29,194, according to data provided by CoinMarketCap.
Investors keep withdrawing BTC to self-custody
Santiment on-chain data aggregator reported that it noticed #bitcoin continuing to outflow from crypto exchanges and into the self-custody of cold wallets. The analysts have also noticed that despite the recent fall below the $30,000 line, they do not see any signs of FUD or upcoming big sell-offs.
At press time, per Santiment, there are 1.17 million BTC held in wallets related to crypto exchanges; that is the smallest amount of #BTC since November 2018, when the #crypto winter was in full swing.
👍 #Bitcoin's supply on exchanges continues to move into self custody, and the drop below $30k last week hasn't triggered severe reactions that would indicate #FUD or more upcoming sell-offs. The 1.17M $BTC on exchanges is the least amount since Nov, 2018. https://t.co/UlqAO0W0cH pic.twitter.com/HmmUMm7QIx— Santiment (@santimentfeed) July 26, 2023#Binanceturns6
Poppe shared a screenshot from a BlackRock document called "Asset Allocation with Crypto: Application of Preferences for Positive Skewness," in which the authors name the Bitcoin share in an optimal risk portfolio equal to 84.9%. Even though the document is dated early 2022, it still seems to be relevant for the crypto investment community.
The analyst then took a jab at those who expect the flagship cryptocurrency to decline to the $12,000 level in the near future. "I'll just buy more," van de Poppe tweeted.
Analysts at Blackrock state that an optimal risk portfolio includes 84% of #Bitcoin. Yet, you think we'll go to $12K. I'll just buy more. pic.twitter.com/3oHRSwppiR— Michaël van de Poppe (@CryptoMichNL) July 26, 2023
BlackRock and its BTC ETF shock wave
Earlier this year, BlackRock sent shock waves among the crypto market as it filed for a Bitcoin spot ETF with the SEC regulator. It was followed by a similar application of Invesco. These moves of the investment companies pushed the Bitcoin price up past the $30,000 level.
Several other major Wall Street companies, including Fidelity, also submitted filings for their own Bitcoin spot ETFs. However, the #SEC regulatory agency returned them, saying that all these document filings were inadequate. The companies then corrected them and submitted the filings once again.
Fidelity, together with Citadel Securities and Charles Schwab, launched a centralized exchange called EDX Markets. That also impacted the Bitcoin price positively. At the time of this writing, the leading digital currency is changing hands at $29,194, according to data provided by CoinMarketCap.
Investors keep withdrawing BTC to self-custody
Santiment on-chain data aggregator reported that it noticed #bitcoin continuing to outflow from crypto exchanges and into the self-custody of cold wallets. The analysts have also noticed that despite the recent fall below the $30,000 line, they do not see any signs of FUD or upcoming big sell-offs.
At press time, per Santiment, there are 1.17 million BTC held in wallets related to crypto exchanges; that is the smallest amount of #BTC since November 2018, when the #crypto winter was in full swing.
👍 #Bitcoin's supply on exchanges continues to move into self custody, and the drop below $30k last week hasn't triggered severe reactions that would indicate #FUD or more upcoming sell-offs. The 1.17M $BTC on exchanges is the least amount since Nov, 2018. https://t.co/UlqAO0W0cH pic.twitter.com/HmmUMm7QIx— Santiment (@santimentfeed) July 26, 2023#Binanceturns6
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XRP Victory Boosts Stellar (XLM) By 54%, More To Come#Binanceturns6 Stellar ($XLM ) is riding on the positive sentiment brought about by Ripple's win in the SEC lawsuit. XLM has gained a massive 54% in the last 24 hours and currently trades at $0.148. The #cryptocurrency is likewise up 55% on a seven-day basis.
On July 13, Judge Analisa Torres largely sided with Ripple in a lawsuit filed by the Securities and Exchange Commission (#SEC ) in December 2020.
Judge Torres has given summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, according to documents filed on July 13.
In the wake of the news, $XRP increased by a startling 72% in just 24 hours and its market value skyrocketed, propelling it to fourth place.
Stellar network smashes big milestone
Tomer Weller, a #Stellar developer, made it known on Twitter that Soroban Preview Release 10 is now live on Futurenet.
Soroban Preview Release 10 is now live on Futurenet. Three reasons why this is a major milestone 🧵 (1/10)— Tomer Weller (tomerweller) July 13, 2023
Soroban is a Rust-based smart contract platform designed for scale and sensibility. Currently live on the test network dubbed Futurenet, Soroban integrates with and works alongside the existing Stellar blockchain.
Weller cites three reasons why this is a major milestone. First, after 15 months of intense design iterations and public discourse, Soroban v1 is now feature complete. Although development is still ongoing as regards the mainnet launch, Soroban is now stable, and users do not need to worry about breaking changes.
Second, the Soroban smart contract platform tackles Ledger bloat, a big hurdle for long-term blockchain sustainability and decentralization. Third, Soroban's state expiration system ensures that only the most important data takes up precious ledger space while allowing for restoration.#GOATMoments
XRP Victory Boosts Stellar (XLM) By 54%, More To Come
#Binanceturns6 Stellar ($XLM ) is riding on the positive sentiment brought about by Ripple's win in the SEC lawsuit. XLM has gained a massive 54% in the last 24 hours and currently trades at $0.148. The #cryptocurrency is likewise up 55% on a seven-day basis.
On July 13, Judge Analisa Torres largely sided with Ripple in a lawsuit filed by the Securities and Exchange Commission (#SEC ) in December 2020.
Judge Torres has given summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, according to documents filed on July 13.
In the wake of the news, $XRP increased by a startling 72% in just 24 hours and its market value skyrocketed, propelling it to fourth place.
Stellar network smashes big milestone
Tomer Weller, a #Stellar developer, made it known on Twitter that Soroban Preview Release 10 is now live on Futurenet.
Soroban Preview Release 10 is now live on Futurenet. Three reasons why this is a major milestone 🧵 (1/10)— Tomer Weller (tomerweller) July 13, 2023
Soroban is a Rust-based smart contract platform designed for scale and sensibility. Currently live on the test network dubbed Futurenet, Soroban integrates with and works alongside the existing Stellar blockchain.
Weller cites three reasons why this is a major milestone. First, after 15 months of intense design iterations and public discourse, Soroban v1 is now feature complete. Although development is still ongoing as regards the mainnet launch, Soroban is now stable, and users do not need to worry about breaking changes.
Second, the Soroban smart contract platform tackles Ledger bloat, a big hurdle for long-term blockchain sustainability and decentralization. Third, Soroban's state expiration system ensures that only the most important data takes up precious ledger space while allowing for restoration.#GOATMoments
On July 13, Judge Analisa Torres largely sided with Ripple in a lawsuit filed by the Securities and Exchange Commission (#SEC ) in December 2020.
Judge Torres has given summary judgment in favor of Ripple Labs, ruling that the XRP token is not a security, according to documents filed on July 13.
In the wake of the news, $XRP increased by a startling 72% in just 24 hours and its market value skyrocketed, propelling it to fourth place.
Stellar network smashes big milestone
Tomer Weller, a #Stellar developer, made it known on Twitter that Soroban Preview Release 10 is now live on Futurenet.
Soroban Preview Release 10 is now live on Futurenet. Three reasons why this is a major milestone 🧵 (1/10)— Tomer Weller (tomerweller) July 13, 2023
Soroban is a Rust-based smart contract platform designed for scale and sensibility. Currently live on the test network dubbed Futurenet, Soroban integrates with and works alongside the existing Stellar blockchain.
Weller cites three reasons why this is a major milestone. First, after 15 months of intense design iterations and public discourse, Soroban v1 is now feature complete. Although development is still ongoing as regards the mainnet launch, Soroban is now stable, and users do not need to worry about breaking changes.
Second, the Soroban smart contract platform tackles Ledger bloat, a big hurdle for long-term blockchain sustainability and decentralization. Third, Soroban's state expiration system ensures that only the most important data takes up precious ledger space while allowing for restoration.#GOATMoments
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IntoTheBlock Shares Crucial Metrics to Watch as Bitcoin Breaks Below $30K#GOATMoments IntoTheBlock Shares insights into crucial metrics to pay attention to, as Bitcoin plummets below the $30,000 psychological support level.
IntoTheBlock, a prominent blockchain data resource, has shared crucial metrics to watch as Bitcoin (BTC) breaks below the $30,000 psychological support level, sparking concern among traders and investors.
According to a report shared today, IntoTheBlock pointed out that, despite the drop below $30,000, approximately 68.96% of Bitcoin holders are currently in a profitable position, which stands in contrast to many other altcoins struggling in the market.
1/ Bitcoin dipped back under $30k. Is it cause for concern? Let's delve deeper into the on-chain data to analyze the situation. 🧵👇#Bitcoin #BTC #Analysis pic.twitter.com/65iYGtMfHS— IntoTheBlock (@intotheblock) July 26, 2023
However, the report also highlights that 49.66% of the active addresses from the previous day are currently experiencing losses. Most of these addresses procured Bitcoin slightly above the current market price.
This observation raises concerns about whether these investors will hold onto their tokens or resort to capitulation as the price of Bitcoin continues to decline. BTC has plummeted by over 7% in the last two weeks. Capitulation at this point would trigger higher selling pressure.
BTC Sees Positive User Growth
On a positive note, the report showcases a promising trend in user growth. Market participants have been steadily creating new addresses since May. This trend has resulted in a new annual peak. This suggests that Bitcoin continues to attract new users, which could bode well for its future price actions.
Furthermore, the New Adoption Rate metric, as highlighted by IntoTheBlock, further supports the positive trend in user growth. The ratio of new active addresses to total activity saw a spike in July following a period of relative stability. This suggests a potential increase in Bitcoin’s adoption.
Bitcoin Might be Overvalued
While some indicators look promising, the report also draws attention to concerning factors. The NVT ratio, a measure of network value to transactions, has risen to an all-time peak, suggesting that Bitcoin may be overvalued.
When an asset is overvalued, it means its current market price is considered higher than its real worth based on underlying fundamentals. This raises concerns about a potential price correction during an uptrend.
Another significant point emphasized in the report is Bitcoin’s volatility. IntoTheBlock noted that BTC’s volatility is at historically low levels. This low volatility has always been followed by substantial price movements, which could lead to more significant fluctuations in the market.
Bitcoin Price Position
Despite these potential concerns, the market cap of BTC against Ethereum ($ETH ) has been consistently increasing over the past year. Per IntoTheBlock, this indicates Bitcoin’s resilience and supports the prevailing notion that it will continue to outperform other altcoins in the foreseeable future.
#crypto Basic">
Bitcoin Daily Chart
Notably, BTC rallied to a yearly high of $31,804 on July 13 following $XRP ’s victory in the #SEC lawsuit. However, the asset has continued to shed the gains picked up. BTC has been struggling to retain its position above the $30,000 psychological level since dropping below it on July 14.
Amid intermittent declines, $BTC slumped to a one-month low of $28,861 on July 24. The asset has failed to reclaim $30,000 since then. At a current price of $29,330, #BTC is trading slightly below the 50-day EMA ($29,365) but it retains a value above the 200-day EMA ($26,839) on the daily chart.#Binanceturns6
IntoTheBlock Shares Crucial Metrics to Watch as Bitcoin Breaks Below $30K
#GOATMoments IntoTheBlock Shares insights into crucial metrics to pay attention to, as Bitcoin plummets below the $30,000 psychological support level.
IntoTheBlock, a prominent blockchain data resource, has shared crucial metrics to watch as Bitcoin (BTC) breaks below the $30,000 psychological support level, sparking concern among traders and investors.
According to a report shared today, IntoTheBlock pointed out that, despite the drop below $30,000, approximately 68.96% of Bitcoin holders are currently in a profitable position, which stands in contrast to many other altcoins struggling in the market.
1/ Bitcoin dipped back under $30k. Is it cause for concern? Let's delve deeper into the on-chain data to analyze the situation. 🧵👇#Bitcoin #BTC #Analysis pic.twitter.com/65iYGtMfHS— IntoTheBlock (@intotheblock) July 26, 2023
However, the report also highlights that 49.66% of the active addresses from the previous day are currently experiencing losses. Most of these addresses procured Bitcoin slightly above the current market price.
This observation raises concerns about whether these investors will hold onto their tokens or resort to capitulation as the price of Bitcoin continues to decline. BTC has plummeted by over 7% in the last two weeks. Capitulation at this point would trigger higher selling pressure.
BTC Sees Positive User Growth
On a positive note, the report showcases a promising trend in user growth. Market participants have been steadily creating new addresses since May. This trend has resulted in a new annual peak. This suggests that Bitcoin continues to attract new users, which could bode well for its future price actions.
Furthermore, the New Adoption Rate metric, as highlighted by IntoTheBlock, further supports the positive trend in user growth. The ratio of new active addresses to total activity saw a spike in July following a period of relative stability. This suggests a potential increase in Bitcoin’s adoption.
Bitcoin Might be Overvalued
While some indicators look promising, the report also draws attention to concerning factors. The NVT ratio, a measure of network value to transactions, has risen to an all-time peak, suggesting that Bitcoin may be overvalued.
When an asset is overvalued, it means its current market price is considered higher than its real worth based on underlying fundamentals. This raises concerns about a potential price correction during an uptrend.
Another significant point emphasized in the report is Bitcoin’s volatility. IntoTheBlock noted that BTC’s volatility is at historically low levels. This low volatility has always been followed by substantial price movements, which could lead to more significant fluctuations in the market.
Bitcoin Price Position
Despite these potential concerns, the market cap of BTC against Ethereum ($ETH ) has been consistently increasing over the past year. Per IntoTheBlock, this indicates Bitcoin’s resilience and supports the prevailing notion that it will continue to outperform other altcoins in the foreseeable future.
#crypto Basic">
Bitcoin Daily Chart
Notably, BTC rallied to a yearly high of $31,804 on July 13 following $XRP ’s victory in the #SEC lawsuit. However, the asset has continued to shed the gains picked up. BTC has been struggling to retain its position above the $30,000 psychological level since dropping below it on July 14.
Amid intermittent declines, $BTC slumped to a one-month low of $28,861 on July 24. The asset has failed to reclaim $30,000 since then. At a current price of $29,330, #BTC is trading slightly below the 50-day EMA ($29,365) but it retains a value above the 200-day EMA ($26,839) on the daily chart.#Binanceturns6
IntoTheBlock, a prominent blockchain data resource, has shared crucial metrics to watch as Bitcoin (BTC) breaks below the $30,000 psychological support level, sparking concern among traders and investors.
According to a report shared today, IntoTheBlock pointed out that, despite the drop below $30,000, approximately 68.96% of Bitcoin holders are currently in a profitable position, which stands in contrast to many other altcoins struggling in the market.
1/ Bitcoin dipped back under $30k. Is it cause for concern? Let's delve deeper into the on-chain data to analyze the situation. 🧵👇#Bitcoin #BTC #Analysis pic.twitter.com/65iYGtMfHS— IntoTheBlock (@intotheblock) July 26, 2023
However, the report also highlights that 49.66% of the active addresses from the previous day are currently experiencing losses. Most of these addresses procured Bitcoin slightly above the current market price.
This observation raises concerns about whether these investors will hold onto their tokens or resort to capitulation as the price of Bitcoin continues to decline. BTC has plummeted by over 7% in the last two weeks. Capitulation at this point would trigger higher selling pressure.
BTC Sees Positive User Growth
On a positive note, the report showcases a promising trend in user growth. Market participants have been steadily creating new addresses since May. This trend has resulted in a new annual peak. This suggests that Bitcoin continues to attract new users, which could bode well for its future price actions.
Furthermore, the New Adoption Rate metric, as highlighted by IntoTheBlock, further supports the positive trend in user growth. The ratio of new active addresses to total activity saw a spike in July following a period of relative stability. This suggests a potential increase in Bitcoin’s adoption.
Bitcoin Might be Overvalued
While some indicators look promising, the report also draws attention to concerning factors. The NVT ratio, a measure of network value to transactions, has risen to an all-time peak, suggesting that Bitcoin may be overvalued.
When an asset is overvalued, it means its current market price is considered higher than its real worth based on underlying fundamentals. This raises concerns about a potential price correction during an uptrend.
Another significant point emphasized in the report is Bitcoin’s volatility. IntoTheBlock noted that BTC’s volatility is at historically low levels. This low volatility has always been followed by substantial price movements, which could lead to more significant fluctuations in the market.
Bitcoin Price Position
Despite these potential concerns, the market cap of BTC against Ethereum ($ETH ) has been consistently increasing over the past year. Per IntoTheBlock, this indicates Bitcoin’s resilience and supports the prevailing notion that it will continue to outperform other altcoins in the foreseeable future.
#crypto Basic">
Bitcoin Daily Chart
Notably, BTC rallied to a yearly high of $31,804 on July 13 following $XRP ’s victory in the #SEC lawsuit. However, the asset has continued to shed the gains picked up. BTC has been struggling to retain its position above the $30,000 psychological level since dropping below it on July 14.
Amid intermittent declines, $BTC slumped to a one-month low of $28,861 on July 24. The asset has failed to reclaim $30,000 since then. At a current price of $29,330, #BTC is trading slightly below the 50-day EMA ($29,365) but it retains a value above the 200-day EMA ($26,839) on the daily chart.#Binanceturns6
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Le balene Bitcoin hanno trasferito quasi $60 milioni in cinque giorni#GOATMoments Anche le balene Bitcoin a lungo inattive non riescono a stare ferme.
Un certo numero di grandi investitori che detengono milioni di dollari in BTC hanno trasferito i loro fondi la settimana scorsa dopo anni di inattività.
Il 20 luglio, due wallet del 2011, ciascuno con 10 BTC (valutati $292,767 al momento della scrittura), hanno trasferito i loro fondi in nuove posizioni. Il giorno successivo, un wallet con 5 BTC ($146,383) ha finalmente fatto movimento dopo 12 anni di inattività.
Poi, circa $30.3 milioni in 'oro digitale'—ovvero 1,037 BTC—sono stati trasferiti dopo che il loro proprietario li ha messi in un nuovo wallet per la prima volta dal 2012. Il prezzo del #cryptocurrency era di $4.92 per moneta all'epoca.
Le balene Bitcoin hanno trasferito quasi $60 milioni in cinque giorni
#GOATMoments Anche le balene Bitcoin a lungo inattive non riescono a stare ferme.
Un certo numero di grandi investitori che detengono milioni di dollari in BTC hanno trasferito i loro fondi la settimana scorsa dopo anni di inattività.
Il 20 luglio, due wallet del 2011, ciascuno con 10 BTC (valutati $292,767 al momento della scrittura), hanno trasferito i loro fondi in nuove posizioni. Il giorno successivo, un wallet con 5 BTC ($146,383) ha finalmente fatto movimento dopo 12 anni di inattività.
Poi, circa $30.3 milioni in 'oro digitale'—ovvero 1,037 BTC—sono stati trasferiti dopo che il loro proprietario li ha messi in un nuovo wallet per la prima volta dal 2012. Il prezzo del #cryptocurrency era di $4.92 per moneta all'epoca.
Un certo numero di grandi investitori che detengono milioni di dollari in BTC hanno trasferito i loro fondi la settimana scorsa dopo anni di inattività.
Il 20 luglio, due wallet del 2011, ciascuno con 10 BTC (valutati $292,767 al momento della scrittura), hanno trasferito i loro fondi in nuove posizioni. Il giorno successivo, un wallet con 5 BTC ($146,383) ha finalmente fatto movimento dopo 12 anni di inattività.
Poi, circa $30.3 milioni in 'oro digitale'—ovvero 1,037 BTC—sono stati trasferiti dopo che il loro proprietario li ha messi in un nuovo wallet per la prima volta dal 2012. Il prezzo del #cryptocurrency era di $4.92 per moneta all'epoca.
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Binance Margin Lancia la Funzionalità di Regolazione della Leva su Margin Isolato#GOATMoments Questo è un avviso generale #announcement . I prodotti e i servizi qui menzionati potrebbero non essere disponibili nella tua regione.
Compagni di Binance,
Binance Margin è lieta di annunciare il lancio della funzionalità di regolazione della leva su Margin Isolato. Questo offre agli utenti una maggiore flessibilità quando si fa trading su #Isolated #Margin , poiché ora possono regolare il livello di leva su tutte le coppie di margin isolato in base alle loro esigenze e strategie di trading.
Si prega di notare che la funzione è disattivata per impostazione predefinita e gli utenti possono attivare senza problemi la funzionalità con il pulsante di attivazione.
Binance Margin Lancia la Funzionalità di Regolazione della Leva su Margin Isolato
#GOATMoments Questo è un avviso generale #announcement . I prodotti e i servizi qui menzionati potrebbero non essere disponibili nella tua regione.
Compagni di Binance,
Binance Margin è lieta di annunciare il lancio della funzionalità di regolazione della leva su Margin Isolato. Questo offre agli utenti una maggiore flessibilità quando si fa trading su #Isolated #Margin , poiché ora possono regolare il livello di leva su tutte le coppie di margin isolato in base alle loro esigenze e strategie di trading.
Si prega di notare che la funzione è disattivata per impostazione predefinita e gli utenti possono attivare senza problemi la funzionalità con il pulsante di attivazione.
Compagni di Binance,
Binance Margin è lieta di annunciare il lancio della funzionalità di regolazione della leva su Margin Isolato. Questo offre agli utenti una maggiore flessibilità quando si fa trading su #Isolated #Margin , poiché ora possono regolare il livello di leva su tutte le coppie di margin isolato in base alle loro esigenze e strategie di trading.
Si prega di notare che la funzione è disattivata per impostazione predefinita e gli utenti possono attivare senza problemi la funzionalità con il pulsante di attivazione.
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Attention: Today Is The Last Chance To Airdrop This Altcoin! Here Is The Information And Details#GOATMoments The deadline for the airdrop event, announced by the #crypto money exchange Binance's latest Launchpad project Arkham (#ARKM ), has approached.
In the airdrop event, which will be held by measuring how many people users refer to and their activities on the Arkham platform, the token request portal will be closed on July 16, 2023 (today) at 22:00 (19:00 UTC) in Turkey.
According to the warning published on the Arkham official developer Twitter account, those who have the right to request airdrops must complete their transactions by this date.
“The claim portal for the first Arkham Airdrop snapshot will be closed tomorrow, Sunday, July 16 at 19:00 UTC.Those who are able to claim must do so before this time as part of the first airdrop.Trust only information from Arkham and only make requests on the Arkham platform.”
The claim portal for the first Arkham Airdrop snapshot will be closed at 19:00 UTC tomorrow, Sunday July 16.Those with the ability to claim should do so before this time as part of the initial airdrop.Only trust info from ArkhamIntel and only claim on the Arkham platform. https://t.co/BTDblz8meE— Arkham (ArkhamIntel) July 15, 2023
However, the #Arkham airdrop was recently associated with a scandal. After it was announced that users could increase their chances of winning airdrops by referencing others, it was noticed that the e-mail address of the person who shared it was found in an unencrypted form in the shared referral links.
In the face of this situation, which amounted to a major data breach, many people reacted and complained that their e-mail addresses were exposed.#Binanceturns6
Attention: Today Is The Last Chance To Airdrop This Altcoin! Here Is The Information And Details
#GOATMoments The deadline for the airdrop event, announced by the #crypto money exchange Binance's latest Launchpad project Arkham (#ARKM ), has approached.
In the airdrop event, which will be held by measuring how many people users refer to and their activities on the Arkham platform, the token request portal will be closed on July 16, 2023 (today) at 22:00 (19:00 UTC) in Turkey.
According to the warning published on the Arkham official developer Twitter account, those who have the right to request airdrops must complete their transactions by this date.
“The claim portal for the first Arkham Airdrop snapshot will be closed tomorrow, Sunday, July 16 at 19:00 UTC.Those who are able to claim must do so before this time as part of the first airdrop.Trust only information from Arkham and only make requests on the Arkham platform.”
The claim portal for the first Arkham Airdrop snapshot will be closed at 19:00 UTC tomorrow, Sunday July 16.Those with the ability to claim should do so before this time as part of the initial airdrop.Only trust info from ArkhamIntel and only claim on the Arkham platform. https://t.co/BTDblz8meE— Arkham (ArkhamIntel) July 15, 2023
However, the #Arkham airdrop was recently associated with a scandal. After it was announced that users could increase their chances of winning airdrops by referencing others, it was noticed that the e-mail address of the person who shared it was found in an unencrypted form in the shared referral links.
In the face of this situation, which amounted to a major data breach, many people reacted and complained that their e-mail addresses were exposed.#Binanceturns6
In the airdrop event, which will be held by measuring how many people users refer to and their activities on the Arkham platform, the token request portal will be closed on July 16, 2023 (today) at 22:00 (19:00 UTC) in Turkey.
According to the warning published on the Arkham official developer Twitter account, those who have the right to request airdrops must complete their transactions by this date.
“The claim portal for the first Arkham Airdrop snapshot will be closed tomorrow, Sunday, July 16 at 19:00 UTC.Those who are able to claim must do so before this time as part of the first airdrop.Trust only information from Arkham and only make requests on the Arkham platform.”
The claim portal for the first Arkham Airdrop snapshot will be closed at 19:00 UTC tomorrow, Sunday July 16.Those with the ability to claim should do so before this time as part of the initial airdrop.Only trust info from ArkhamIntel and only claim on the Arkham platform. https://t.co/BTDblz8meE— Arkham (ArkhamIntel) July 15, 2023
However, the #Arkham airdrop was recently associated with a scandal. After it was announced that users could increase their chances of winning airdrops by referencing others, it was noticed that the e-mail address of the person who shared it was found in an unencrypted form in the shared referral links.
In the face of this situation, which amounted to a major data breach, many people reacted and complained that their e-mail addresses were exposed.#Binanceturns6
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New Dual Investment Products Launched (2023-07-12)#GOATMoments This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians
#Binance launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products.
Subscription format: First-come, first-served basisCheck out the new Target Prices and Settlement Dates in the link below
Earn Rewards with Dual Investment!
Dual Investment provides access to Buy Low and Sell High products with your selected price at your selected date in the future, without any fees. Subscribe to Dual Investment products to enjoy rewards on a selection of popular cryptocurrencies.
SELL HIGH
Target Users:
Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currencyfor a higher price in the future, compared to the market price on the subscription date
Deposit Currency
Sell For
Settlement Dates
ETH
BTC
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
BNB
BTC or ETH
BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or LTC
BUSD or USDT
BUY LOW
Target Users:
Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buya cryptocurrency for a lower price in the future, compared to the market price on the subscription date
Deposit Currency
Cryptocurrency to Buy
Settlement Dates
BTC
ETH or BNB
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
ETH
BNB
BUSD or USDT
#BTC , ETH, $SOL , MATIC, ADA, $BNB , DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or $LTC
How to Get Started with Dual Investment:
Go to the Dual Investment page.Select the #cryptocurrency you would like to buy or sell.Choose whether you want to “Sell High” or “Buy Low”.Select your desired price (“Target Price”) and desired date (“Settlement Date”) to buy or sell.Input your subscription amount.Choose to enable or disable the Dual Investment Auto-Compound feature with the toggle button and complete the subscription.
Do check out the Dual Investment Beginner Modeto get a step-by-step guide through the subscription process for Dual Investment products.
More information about Dual Investment, including a glossary and detailed calculation methodology, can be found here.
Notes:
Dual Investment may stop accepting new subscriptions at any time.APR will change in real-time depending on market fluctuation before the subscription, but will be locked in once the subscription is completed.Dual Investment products cannot be redeemed before the Settlement Date.Deposit Currency refers to the currency used to subscribe to a Dual Investment product.Settlement Date refers to the date on which transactions and redemption will take place.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#binanceturns6
New Dual Investment Products Launched (2023-07-12)
#GOATMoments This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians
#Binance launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products.
Subscription format: First-come, first-served basisCheck out the new Target Prices and Settlement Dates in the link below
Earn Rewards with Dual Investment!
Dual Investment provides access to Buy Low and Sell High products with your selected price at your selected date in the future, without any fees. Subscribe to Dual Investment products to enjoy rewards on a selection of popular cryptocurrencies.
SELL HIGH
Target Users:
Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currencyfor a higher price in the future, compared to the market price on the subscription date
Deposit Currency
Sell For
Settlement Dates
ETH
BTC
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
BNB
BTC or ETH
BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or LTC
BUSD or USDT
BUY LOW
Target Users:
Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buya cryptocurrency for a lower price in the future, compared to the market price on the subscription date
Deposit Currency
Cryptocurrency to Buy
Settlement Dates
BTC
ETH or BNB
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
ETH
BNB
BUSD or USDT
#BTC , ETH, $SOL , MATIC, ADA, $BNB , DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or $LTC
How to Get Started with Dual Investment:
Go to the Dual Investment page.Select the #cryptocurrency you would like to buy or sell.Choose whether you want to “Sell High” or “Buy Low”.Select your desired price (“Target Price”) and desired date (“Settlement Date”) to buy or sell.Input your subscription amount.Choose to enable or disable the Dual Investment Auto-Compound feature with the toggle button and complete the subscription.
Do check out the Dual Investment Beginner Modeto get a step-by-step guide through the subscription process for Dual Investment products.
More information about Dual Investment, including a glossary and detailed calculation methodology, can be found here.
Notes:
Dual Investment may stop accepting new subscriptions at any time.APR will change in real-time depending on market fluctuation before the subscription, but will be locked in once the subscription is completed.Dual Investment products cannot be redeemed before the Settlement Date.Deposit Currency refers to the currency used to subscribe to a Dual Investment product.Settlement Date refers to the date on which transactions and redemption will take place.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#binanceturns6
Fellow Binancians
#Binance launched a new batch of Dual Investment products with updated Target Prices and Settlement Dates, where users can utilize our Sell High or Buy Low products.
Subscription format: First-come, first-served basisCheck out the new Target Prices and Settlement Dates in the link below
Earn Rewards with Dual Investment!
Dual Investment provides access to Buy Low and Sell High products with your selected price at your selected date in the future, without any fees. Subscribe to Dual Investment products to enjoy rewards on a selection of popular cryptocurrencies.
SELL HIGH
Target Users:
Users who want to accumulate high rewards on the cryptocurrency holdings, orUsers who want to sell the Deposit Currencyfor a higher price in the future, compared to the market price on the subscription date
Deposit Currency
Sell For
Settlement Dates
ETH
BTC
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
BNB
BTC or ETH
BTC, ETH, SOL, MATIC, ADA, BNB, DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or LTC
BUSD or USDT
BUY LOW
Target Users:
Users who want to accumulate high rewards on stablecoin holdings, orUsers who want to buya cryptocurrency for a lower price in the future, compared to the market price on the subscription date
Deposit Currency
Cryptocurrency to Buy
Settlement Dates
BTC
ETH or BNB
2023-07-18
2023-07-21
2023-07-28
2023-08-04
2023-08-25
2023-09-29
2023-10-27
2023-11-24
2023-12-29
ETH
BNB
BUSD or USDT
#BTC , ETH, $SOL , MATIC, ADA, $BNB , DOT, BCH, AVAX, FTM, ALGO, NEAR, ATOM, XRP, DOGE or $LTC
How to Get Started with Dual Investment:
Go to the Dual Investment page.Select the #cryptocurrency you would like to buy or sell.Choose whether you want to “Sell High” or “Buy Low”.Select your desired price (“Target Price”) and desired date (“Settlement Date”) to buy or sell.Input your subscription amount.Choose to enable or disable the Dual Investment Auto-Compound feature with the toggle button and complete the subscription.
Do check out the Dual Investment Beginner Modeto get a step-by-step guide through the subscription process for Dual Investment products.
More information about Dual Investment, including a glossary and detailed calculation methodology, can be found here.
Notes:
Dual Investment may stop accepting new subscriptions at any time.APR will change in real-time depending on market fluctuation before the subscription, but will be locked in once the subscription is completed.Dual Investment products cannot be redeemed before the Settlement Date.Deposit Currency refers to the currency used to subscribe to a Dual Investment product.Settlement Date refers to the date on which transactions and redemption will take place.Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.#binanceturns6
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2 Billion ADA Demand Wall Might Push Back Cardano Bears: Details#GOATMoments Cardano's ADA has been on a steady decline since July 14 after attaining highs of $0.38. That said, ADA will mark its fifth consecutive day of trading in red if a negative close is achieved today.
ADA saw a massive price spike from July 13 to July 14 as hopes were revived of Cardano being exempt from the SEC's regulatory threats as a result of Ripple's victory.
After then, sellers took profits as ADA perpetually closed days in red. At the time of writing, ADA was down 3.05% in the last 24 hours to $0.305. That said, according to on-chain data from IntoTheBlock, a two billion ADA demand wall might push back bears.
At its current price levels, #Cardano rests at the two billion ADA support level, which coincides with the $0.285 to $0.301 range. Here, 62,400 addresses bought 2.08 billion ADA at an average price of $0.292.
Here, buying activity is expected to pick up given the fact that addresses that had previously bought in this price range are likely to provide support.
Technically speaking, the demand wall highlighted above is just slightly below the daily MA 50, which is currently located at $0.301.
Given that the MA 50 price level has hindered the ADA price in recent months, the task might not be an easy one for the bulls, as they would have to flip this level into support.
The RSI is close to mid-50, indicating an impending consolidation, where bulls and #bears will duel until equilibrium is reached.
If the bears are pushed back and the $ADA price initiates a price increase from its current levels, buyers might aim for a retest of the $0.38 level.
On the other hand, a break and close below $0.30 could tip the balance in bears' favor. A major support is envisaged below the $0.30 demand wall; this is where 439,220 addresses bought 6.12 billion #ADA at an average price of $0.203.#Binanceturns6
2 Billion ADA Demand Wall Might Push Back Cardano Bears: Details
#GOATMoments Cardano's ADA has been on a steady decline since July 14 after attaining highs of $0.38. That said, ADA will mark its fifth consecutive day of trading in red if a negative close is achieved today.
ADA saw a massive price spike from July 13 to July 14 as hopes were revived of Cardano being exempt from the SEC's regulatory threats as a result of Ripple's victory.
After then, sellers took profits as ADA perpetually closed days in red. At the time of writing, ADA was down 3.05% in the last 24 hours to $0.305. That said, according to on-chain data from IntoTheBlock, a two billion ADA demand wall might push back bears.
At its current price levels, #Cardano rests at the two billion ADA support level, which coincides with the $0.285 to $0.301 range. Here, 62,400 addresses bought 2.08 billion ADA at an average price of $0.292.
Here, buying activity is expected to pick up given the fact that addresses that had previously bought in this price range are likely to provide support.
Technically speaking, the demand wall highlighted above is just slightly below the daily MA 50, which is currently located at $0.301.
Given that the MA 50 price level has hindered the ADA price in recent months, the task might not be an easy one for the bulls, as they would have to flip this level into support.
The RSI is close to mid-50, indicating an impending consolidation, where bulls and #bears will duel until equilibrium is reached.
If the bears are pushed back and the $ADA price initiates a price increase from its current levels, buyers might aim for a retest of the $0.38 level.
On the other hand, a break and close below $0.30 could tip the balance in bears' favor. A major support is envisaged below the $0.30 demand wall; this is where 439,220 addresses bought 6.12 billion #ADA at an average price of $0.203.#Binanceturns6
ADA saw a massive price spike from July 13 to July 14 as hopes were revived of Cardano being exempt from the SEC's regulatory threats as a result of Ripple's victory.
After then, sellers took profits as ADA perpetually closed days in red. At the time of writing, ADA was down 3.05% in the last 24 hours to $0.305. That said, according to on-chain data from IntoTheBlock, a two billion ADA demand wall might push back bears.
At its current price levels, #Cardano rests at the two billion ADA support level, which coincides with the $0.285 to $0.301 range. Here, 62,400 addresses bought 2.08 billion ADA at an average price of $0.292.
Here, buying activity is expected to pick up given the fact that addresses that had previously bought in this price range are likely to provide support.
Technically speaking, the demand wall highlighted above is just slightly below the daily MA 50, which is currently located at $0.301.
Given that the MA 50 price level has hindered the ADA price in recent months, the task might not be an easy one for the bulls, as they would have to flip this level into support.
The RSI is close to mid-50, indicating an impending consolidation, where bulls and #bears will duel until equilibrium is reached.
If the bears are pushed back and the $ADA price initiates a price increase from its current levels, buyers might aim for a retest of the $0.38 level.
On the other hand, a break and close below $0.30 could tip the balance in bears' favor. A major support is envisaged below the $0.30 demand wall; this is where 439,220 addresses bought 6.12 billion #ADA at an average price of $0.203.#Binanceturns6
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Cardano (ADA) Needs 3 More Days For This To Happen#GOATMoments Cardano ($ADA ) has found itself within the confines of a symmetrical triangle, a crucial pattern that typically precedes a significant price movement. However, the direction of this breakout remains unknown and could swing either way. Based on the pattern's parameters, it appears that the breakout is set to occur in approximately three days.
As the price oscillates between the converging trendlines of the triangle, traders and investors are waiting with bated breath. The looming volatility could potentially offer profitable trading opportunities or signal a strategic shift for long-term holders.
While the impending breakout could go either way, it is important to note that #Cardano previously found considerable resistance around the $0.3 level. Hence, an upward breakout might test this resistance once again. However, the lack of selling pressure suggests the potential for Cardano to breach this barrier and establish new support levels.
Simultaneously, a downward breakout cannot be ruled out. #ADA may continue to face challenges and see some downside before a substantial recovery, primarily due to the current low trading volume. Low volume often indicates a lack of investor confidence or interest, potentially leading to weak breakouts or breakdowns.
Whales wake up on Shiba Inu
Shiba Inu's landscape was altered recently when a #crypto whale made a significant move by transferring four trillion $SHIB (valued at approximately at $29.8 million) across eight newly minted addresses. The intriguing factor is that this whale is the most prominent SHIB holder, possessing an astounding 101.47 trillion SHIB. This sums up to roughly $756 million, approximately 10.15% of the token's total supply.
This whale hadnl not made any large transactions for 610 days until this moment, indicating a strategic shift in the holder's portfolio management. The activity adds a layer of intrigue considering the whale's history; they initially purchased 103.33 trillion SHIB with a mere 38 ETH ($14K), and later sold 603 billion SHIB for 2,411 ETH ($9.6 million). Additionally, they transferred 1.25 trillion SHIB ($8.77 million) to Coinbase in 2021.
While the precise motivation behind these transfers remains obscure, the market impact of such whale activity is undeniable. Whales have a substantial influence on the price dynamics of cryptocurrencies due to the sheer volume of tokens they control. Their transactions can stimulate volume, liquidity and sometimes volatility on the market.
Shiba Inu is currently grappling with a resistance level around $0.0000075. Despite multiple attempts, it has been unable to break through, leaving the community waiting for a catalyst that could alter the token's trajectory. While not guaranteed, the recent whale movements might be the momentum shift required. They could boost trading volumes and liquidity, potentially aiding SHIB in its struggle with the resistance level.
PEPE holds on for its life
In the volatile landscape of meme coins, PEPE has managed to cling onto its value against odds, primarily due to a significant price threshold – the 50-day Exponential Moving Average (EMA). Acting as a robust support level, the 50 EMA is currently functioning as a magnet, attracting a substantial concentration of buy orders.
The unique characteristic of the EMA is its sensitivity to recent price changes, making it an essential tool for traders seeking to capture short-term trends. At this juncture, the 50 EMA is preventing PEPE's price from slipping further by providing a stable platform from which buyers can regroup and push back against selling pressure.
Another factor in play is investor psychology. Many investors, particularly those who bought at higher levels, are reluctant to sell at break-even. They remain optimistic, holding onto their $PEPE tokens in anticipation of future profits, further buoying the token at its current levels.
However, a word of caution is warranted here. While the 50 EMA is holding firm for now, a breach below this critical support level could trigger a so-called "death spiral." In such a scenario, the selling pressure may intensify as traders scramble to cut their losses, and the 50 EMA could transition from a support level to a resistance level. This would make it much harder for PEPE's price to recover in the short term.#Binanceturns6
Cardano (ADA) Needs 3 More Days For This To Happen
#GOATMoments Cardano ($ADA ) has found itself within the confines of a symmetrical triangle, a crucial pattern that typically precedes a significant price movement. However, the direction of this breakout remains unknown and could swing either way. Based on the pattern's parameters, it appears that the breakout is set to occur in approximately three days.
As the price oscillates between the converging trendlines of the triangle, traders and investors are waiting with bated breath. The looming volatility could potentially offer profitable trading opportunities or signal a strategic shift for long-term holders.
While the impending breakout could go either way, it is important to note that #Cardano previously found considerable resistance around the $0.3 level. Hence, an upward breakout might test this resistance once again. However, the lack of selling pressure suggests the potential for Cardano to breach this barrier and establish new support levels.
Simultaneously, a downward breakout cannot be ruled out. #ADA may continue to face challenges and see some downside before a substantial recovery, primarily due to the current low trading volume. Low volume often indicates a lack of investor confidence or interest, potentially leading to weak breakouts or breakdowns.
Whales wake up on Shiba Inu
Shiba Inu's landscape was altered recently when a #crypto whale made a significant move by transferring four trillion $SHIB (valued at approximately at $29.8 million) across eight newly minted addresses. The intriguing factor is that this whale is the most prominent SHIB holder, possessing an astounding 101.47 trillion SHIB. This sums up to roughly $756 million, approximately 10.15% of the token's total supply.
This whale hadnl not made any large transactions for 610 days until this moment, indicating a strategic shift in the holder's portfolio management. The activity adds a layer of intrigue considering the whale's history; they initially purchased 103.33 trillion SHIB with a mere 38 ETH ($14K), and later sold 603 billion SHIB for 2,411 ETH ($9.6 million). Additionally, they transferred 1.25 trillion SHIB ($8.77 million) to Coinbase in 2021.
While the precise motivation behind these transfers remains obscure, the market impact of such whale activity is undeniable. Whales have a substantial influence on the price dynamics of cryptocurrencies due to the sheer volume of tokens they control. Their transactions can stimulate volume, liquidity and sometimes volatility on the market.
Shiba Inu is currently grappling with a resistance level around $0.0000075. Despite multiple attempts, it has been unable to break through, leaving the community waiting for a catalyst that could alter the token's trajectory. While not guaranteed, the recent whale movements might be the momentum shift required. They could boost trading volumes and liquidity, potentially aiding SHIB in its struggle with the resistance level.
PEPE holds on for its life
In the volatile landscape of meme coins, PEPE has managed to cling onto its value against odds, primarily due to a significant price threshold – the 50-day Exponential Moving Average (EMA). Acting as a robust support level, the 50 EMA is currently functioning as a magnet, attracting a substantial concentration of buy orders.
The unique characteristic of the EMA is its sensitivity to recent price changes, making it an essential tool for traders seeking to capture short-term trends. At this juncture, the 50 EMA is preventing PEPE's price from slipping further by providing a stable platform from which buyers can regroup and push back against selling pressure.
Another factor in play is investor psychology. Many investors, particularly those who bought at higher levels, are reluctant to sell at break-even. They remain optimistic, holding onto their $PEPE tokens in anticipation of future profits, further buoying the token at its current levels.
However, a word of caution is warranted here. While the 50 EMA is holding firm for now, a breach below this critical support level could trigger a so-called "death spiral." In such a scenario, the selling pressure may intensify as traders scramble to cut their losses, and the 50 EMA could transition from a support level to a resistance level. This would make it much harder for PEPE's price to recover in the short term.#Binanceturns6
As the price oscillates between the converging trendlines of the triangle, traders and investors are waiting with bated breath. The looming volatility could potentially offer profitable trading opportunities or signal a strategic shift for long-term holders.
While the impending breakout could go either way, it is important to note that #Cardano previously found considerable resistance around the $0.3 level. Hence, an upward breakout might test this resistance once again. However, the lack of selling pressure suggests the potential for Cardano to breach this barrier and establish new support levels.
Simultaneously, a downward breakout cannot be ruled out. #ADA may continue to face challenges and see some downside before a substantial recovery, primarily due to the current low trading volume. Low volume often indicates a lack of investor confidence or interest, potentially leading to weak breakouts or breakdowns.
Whales wake up on Shiba Inu
Shiba Inu's landscape was altered recently when a #crypto whale made a significant move by transferring four trillion $SHIB (valued at approximately at $29.8 million) across eight newly minted addresses. The intriguing factor is that this whale is the most prominent SHIB holder, possessing an astounding 101.47 trillion SHIB. This sums up to roughly $756 million, approximately 10.15% of the token's total supply.
This whale hadnl not made any large transactions for 610 days until this moment, indicating a strategic shift in the holder's portfolio management. The activity adds a layer of intrigue considering the whale's history; they initially purchased 103.33 trillion SHIB with a mere 38 ETH ($14K), and later sold 603 billion SHIB for 2,411 ETH ($9.6 million). Additionally, they transferred 1.25 trillion SHIB ($8.77 million) to Coinbase in 2021.
While the precise motivation behind these transfers remains obscure, the market impact of such whale activity is undeniable. Whales have a substantial influence on the price dynamics of cryptocurrencies due to the sheer volume of tokens they control. Their transactions can stimulate volume, liquidity and sometimes volatility on the market.
Shiba Inu is currently grappling with a resistance level around $0.0000075. Despite multiple attempts, it has been unable to break through, leaving the community waiting for a catalyst that could alter the token's trajectory. While not guaranteed, the recent whale movements might be the momentum shift required. They could boost trading volumes and liquidity, potentially aiding SHIB in its struggle with the resistance level.
PEPE holds on for its life
In the volatile landscape of meme coins, PEPE has managed to cling onto its value against odds, primarily due to a significant price threshold – the 50-day Exponential Moving Average (EMA). Acting as a robust support level, the 50 EMA is currently functioning as a magnet, attracting a substantial concentration of buy orders.
The unique characteristic of the EMA is its sensitivity to recent price changes, making it an essential tool for traders seeking to capture short-term trends. At this juncture, the 50 EMA is preventing PEPE's price from slipping further by providing a stable platform from which buyers can regroup and push back against selling pressure.
Another factor in play is investor psychology. Many investors, particularly those who bought at higher levels, are reluctant to sell at break-even. They remain optimistic, holding onto their $PEPE tokens in anticipation of future profits, further buoying the token at its current levels.
However, a word of caution is warranted here. While the 50 EMA is holding firm for now, a breach below this critical support level could trigger a so-called "death spiral." In such a scenario, the selling pressure may intensify as traders scramble to cut their losses, and the 50 EMA could transition from a support level to a resistance level. This would make it much harder for PEPE's price to recover in the short term.#Binanceturns6
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4,096 banche commerciali statunitensi potrebbero collaborare con Ripple dopo la vittoria di XRP#GOATMoments L'ufficiale legale di Ripple si aspetta che le banche americane adottino la soluzione di pagamento transfrontaliero di Ripple dopo la sentenza del tribunale che stabilisce che XRP non è un titolo.
Secondo un dirigente di Ripple, la recente sentenza storica che dichiara XRP non un titolo apre la strada affinché le banche e le istituzioni finanziarie statunitensi adottino la soluzione di Ripple per i pagamenti transfrontalieri.
In un'intervista con CNBC, Stuart Alderoty, Chief Legal Officer di Ripple, ha espresso fiducia nel fatto che le banche americane tornino a utilizzare il prodotto On-Demand Liquidity (ODL) di Ripple.
4,096 banche commerciali statunitensi potrebbero collaborare con Ripple dopo la vittoria di XRP
#GOATMoments L'ufficiale legale di Ripple si aspetta che le banche americane adottino la soluzione di pagamento transfrontaliero di Ripple dopo la sentenza del tribunale che stabilisce che XRP non è un titolo.
Secondo un dirigente di Ripple, la recente sentenza storica che dichiara XRP non un titolo apre la strada affinché le banche e le istituzioni finanziarie statunitensi adottino la soluzione di Ripple per i pagamenti transfrontalieri.
In un'intervista con CNBC, Stuart Alderoty, Chief Legal Officer di Ripple, ha espresso fiducia nel fatto che le banche americane tornino a utilizzare il prodotto On-Demand Liquidity (ODL) di Ripple.
Secondo un dirigente di Ripple, la recente sentenza storica che dichiara XRP non un titolo apre la strada affinché le banche e le istituzioni finanziarie statunitensi adottino la soluzione di Ripple per i pagamenti transfrontalieri.
In un'intervista con CNBC, Stuart Alderoty, Chief Legal Officer di Ripple, ha espresso fiducia nel fatto che le banche americane tornino a utilizzare il prodotto On-Demand Liquidity (ODL) di Ripple.
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Bitcoin Google Search Interest Stands At Critical Level, What This Forecast For BTC#GOATMoments The price of Bitcoin is stuck at its current levels as bulls and bears fight for control. The number one cryptocurrency by market cap experienced some gains in the past weeks, but volatility across the board declined, leading to the current dynamic.
Related Reading: Bitcoin Sharks And Whales Go On $2.15 Billion Buying Spree, Is It Time To Sell?
As of this writing, Bitcoin trades at $30,500 with sideways movement in the last 24 hours. Over the past week, the #cryptocurrency has recorded a 2% loss while the rest of the sector follows and records steeper losses.
Google Metric Hints At Profits For Bitcoin?
According to analyst Dylan LeClair, Google searches for Bitcoin Price have declined since 2023. The chart below shows that searches for this keyword decreased since 2021.
At that time, #BTC was on a bull run and managed to climb as high as $69,000 from a $3,000 low last seen in March 2020. In that sense, Google searches for Bitcoin Price operate as a proxy to gauge interest in the cryptocurrency.
Interest from mainstream media and non-crypto investors follows the price of the cryptocurrency. The higher the interest the chart hints at, the higher the price.
Conversely, interest declines as the price of the cryptocurrency declines. Historical interest in the keyword “Bitcoin price” on Google has fluctuated to the upside, as the chart below shows.
In the 2017 to 2018 bull run, the monthly searches for this keyword rose to unprecedented levels, but the percentile has been consistent on the downside since 2019 before $BTC can resume its bullish momentum.
In other words, since 2017, BTC only enters a bull-run phase when interest declines to a certain point; the metric is close to those levels. LeClair stated the following while pointing out:
Bitcoin price vs. Google Search Interest. The bottom pane shows the ratio of the two ( $BTC price / search interest percentile). Notice how price relative to media hype & search interest is up and to the right? Think about it…
On when BTC could break its current price action, analyst and NewsBTC Editorial Director Tony Spilotro pointed at the Bollinger Bands. An indicator that gauges potential spikes in volatility and price action.
Spilotro stated while sharing the chart below:
Bitcoin Bollinger Bands are the tightest on the daily since the start of 2023. The last time they were this tight we had a 40% up move. Another 40% higher from here would be $42,000.
#binanceturns6 $ETH
Bitcoin Google Search Interest Stands At Critical Level, What This Forecast For BTC
#GOATMoments The price of Bitcoin is stuck at its current levels as bulls and bears fight for control. The number one cryptocurrency by market cap experienced some gains in the past weeks, but volatility across the board declined, leading to the current dynamic.
Related Reading: Bitcoin Sharks And Whales Go On $2.15 Billion Buying Spree, Is It Time To Sell?
As of this writing, Bitcoin trades at $30,500 with sideways movement in the last 24 hours. Over the past week, the #cryptocurrency has recorded a 2% loss while the rest of the sector follows and records steeper losses.
Google Metric Hints At Profits For Bitcoin?
According to analyst Dylan LeClair, Google searches for Bitcoin Price have declined since 2023. The chart below shows that searches for this keyword decreased since 2021.
At that time, #BTC was on a bull run and managed to climb as high as $69,000 from a $3,000 low last seen in March 2020. In that sense, Google searches for Bitcoin Price operate as a proxy to gauge interest in the cryptocurrency.
Interest from mainstream media and non-crypto investors follows the price of the cryptocurrency. The higher the interest the chart hints at, the higher the price.
Conversely, interest declines as the price of the cryptocurrency declines. Historical interest in the keyword “Bitcoin price” on Google has fluctuated to the upside, as the chart below shows.
In the 2017 to 2018 bull run, the monthly searches for this keyword rose to unprecedented levels, but the percentile has been consistent on the downside since 2019 before $BTC can resume its bullish momentum.
In other words, since 2017, BTC only enters a bull-run phase when interest declines to a certain point; the metric is close to those levels. LeClair stated the following while pointing out:
Bitcoin price vs. Google Search Interest. The bottom pane shows the ratio of the two ( $BTC price / search interest percentile). Notice how price relative to media hype & search interest is up and to the right? Think about it…
On when BTC could break its current price action, analyst and NewsBTC Editorial Director Tony Spilotro pointed at the Bollinger Bands. An indicator that gauges potential spikes in volatility and price action.
Spilotro stated while sharing the chart below:
Bitcoin Bollinger Bands are the tightest on the daily since the start of 2023. The last time they were this tight we had a 40% up move. Another 40% higher from here would be $42,000.
#binanceturns6 $ETH
Related Reading: Bitcoin Sharks And Whales Go On $2.15 Billion Buying Spree, Is It Time To Sell?
As of this writing, Bitcoin trades at $30,500 with sideways movement in the last 24 hours. Over the past week, the #cryptocurrency has recorded a 2% loss while the rest of the sector follows and records steeper losses.
Google Metric Hints At Profits For Bitcoin?
According to analyst Dylan LeClair, Google searches for Bitcoin Price have declined since 2023. The chart below shows that searches for this keyword decreased since 2021.
At that time, #BTC was on a bull run and managed to climb as high as $69,000 from a $3,000 low last seen in March 2020. In that sense, Google searches for Bitcoin Price operate as a proxy to gauge interest in the cryptocurrency.
Interest from mainstream media and non-crypto investors follows the price of the cryptocurrency. The higher the interest the chart hints at, the higher the price.
Conversely, interest declines as the price of the cryptocurrency declines. Historical interest in the keyword “Bitcoin price” on Google has fluctuated to the upside, as the chart below shows.
In the 2017 to 2018 bull run, the monthly searches for this keyword rose to unprecedented levels, but the percentile has been consistent on the downside since 2019 before $BTC can resume its bullish momentum.
In other words, since 2017, BTC only enters a bull-run phase when interest declines to a certain point; the metric is close to those levels. LeClair stated the following while pointing out:
Bitcoin price vs. Google Search Interest. The bottom pane shows the ratio of the two ( $BTC price / search interest percentile). Notice how price relative to media hype & search interest is up and to the right? Think about it…
On when BTC could break its current price action, analyst and NewsBTC Editorial Director Tony Spilotro pointed at the Bollinger Bands. An indicator that gauges potential spikes in volatility and price action.
Spilotro stated while sharing the chart below:
Bitcoin Bollinger Bands are the tightest on the daily since the start of 2023. The last time they were this tight we had a 40% up move. Another 40% higher from here would be $42,000.
#binanceturns6 $ETH
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Il Round di Donazioni di Gitcoin è ora Aperto, dal 15 agosto al 29 agosto#multichain Questo evento tanto atteso rappresenta un'incredibile opportunità per sviluppatori, creatori e progetti di assicurarsi finanziamenti per le loro iniziative innovative.
L'annuncio ufficiale esorta tutti gli appassionati a segnare i loro calendari per questo evento significativo. Che tu sia un partecipante esperto o un neofita, GG18 promette di essere un'iniziativa di crowdfunding inclusiva e impattante.
📆SALVA LA DATA 📆 🎉Gitcoin Grants 18: 15-29 agosto 2023🎉 Segna sul tuo calendario #GG18! Le domande aprono il 1 agosto – resta sintonizzato per ulteriori dettagli in arrivo 🫡 Finanziamo ciò che conta. Insieme 🍃 pic.twitter.com/4eYiJHbpo1
Il Round di Donazioni di Gitcoin è ora Aperto, dal 15 agosto al 29 agosto
#multichain Questo evento tanto atteso rappresenta un'incredibile opportunità per sviluppatori, creatori e progetti di assicurarsi finanziamenti per le loro iniziative innovative.
L'annuncio ufficiale esorta tutti gli appassionati a segnare i loro calendari per questo evento significativo. Che tu sia un partecipante esperto o un neofita, GG18 promette di essere un'iniziativa di crowdfunding inclusiva e impattante.
📆SALVA LA DATA 📆 🎉Gitcoin Grants 18: 15-29 agosto 2023🎉 Segna sul tuo calendario #GG18! Le domande aprono il 1 agosto – resta sintonizzato per ulteriori dettagli in arrivo 🫡 Finanziamo ciò che conta. Insieme 🍃 pic.twitter.com/4eYiJHbpo1
L'annuncio ufficiale esorta tutti gli appassionati a segnare i loro calendari per questo evento significativo. Che tu sia un partecipante esperto o un neofita, GG18 promette di essere un'iniziativa di crowdfunding inclusiva e impattante.
📆SALVA LA DATA 📆 🎉Gitcoin Grants 18: 15-29 agosto 2023🎉 Segna sul tuo calendario #GG18! Le domande aprono il 1 agosto – resta sintonizzato per ulteriori dettagli in arrivo 🫡 Finanziamo ciò che conta. Insieme 🍃 pic.twitter.com/4eYiJHbpo1
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Elon Musk Condivide i Ricavi Pubblicitari, Ecco Quanto Ha Guadagnato il Fondatore di Dogecoin#Binanceturns6 Il proprietario di Twitter, Elon Musk, sta mantenendo la sua promessa di premiare i creatori di contenuti sulla piattaforma, e la prima tranche di pagamenti è stata inviata. Secondo le notizie, la distribuzione dei premi pubblicitari è iniziata con 5 milioni di dollari pagati ai creatori.
Fondatore di Dogecoin in evidenza come miglior guadagnatore
Conosciuto per la sua presenza attiva sulla piattaforma social, il creatore di Dogecoin, Billy Markus, è stato uno dei migliori guadagnatori, dimostrando il suo brand come uno dei più coinvolti sulla piattaforma social.
Il fondatore di Dogecoin, con un totale di 2,1 milioni di follower, ha ricevuto la somma di 37.050 dollari, classificandosi come il secondo guadagnatore più alto nel primo blocco di pagamenti inviati. I guadagni di Markus sono inferiori a quelli dell'Internet Hall of Fame, che ha guadagnato 107.247 dollari con circa 1,9 milioni di follower.
Elon Musk Condivide i Ricavi Pubblicitari, Ecco Quanto Ha Guadagnato il Fondatore di Dogecoin
#Binanceturns6 Il proprietario di Twitter, Elon Musk, sta mantenendo la sua promessa di premiare i creatori di contenuti sulla piattaforma, e la prima tranche di pagamenti è stata inviata. Secondo le notizie, la distribuzione dei premi pubblicitari è iniziata con 5 milioni di dollari pagati ai creatori.
Fondatore di Dogecoin in evidenza come miglior guadagnatore
Conosciuto per la sua presenza attiva sulla piattaforma social, il creatore di Dogecoin, Billy Markus, è stato uno dei migliori guadagnatori, dimostrando il suo brand come uno dei più coinvolti sulla piattaforma social.
Il fondatore di Dogecoin, con un totale di 2,1 milioni di follower, ha ricevuto la somma di 37.050 dollari, classificandosi come il secondo guadagnatore più alto nel primo blocco di pagamenti inviati. I guadagni di Markus sono inferiori a quelli dell'Internet Hall of Fame, che ha guadagnato 107.247 dollari con circa 1,9 milioni di follower.
Fondatore di Dogecoin in evidenza come miglior guadagnatore
Conosciuto per la sua presenza attiva sulla piattaforma social, il creatore di Dogecoin, Billy Markus, è stato uno dei migliori guadagnatori, dimostrando il suo brand come uno dei più coinvolti sulla piattaforma social.
Il fondatore di Dogecoin, con un totale di 2,1 milioni di follower, ha ricevuto la somma di 37.050 dollari, classificandosi come il secondo guadagnatore più alto nel primo blocco di pagamenti inviati. I guadagni di Markus sono inferiori a quelli dell'Internet Hall of Fame, che ha guadagnato 107.247 dollari con circa 1,9 milioni di follower.
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Shiba Inu Closes Shibarium Intake Form Submissions#GOATMoments Shiba Inu has officially closed the intake form submissions for the much-awaited Shibarium – Layer 2 solution.
Lucie, the SHIB team marketing specialist and community influencer, shared a sneak peek of the redesigned websites on Twitter. She also highlighted the latest updates that have been made.
One of the notable updates includes the closure of intake form submissions for the much-awaited Shibarium – Layer 2 solution.
The Shiba Inu team also unveiled an exciting new look for their official websites, Shib.io and Shibarium Tech. These websites now include several fresh updates implemented within the Shiba Inu ecosystem.
Sooo beautiful 😍 $SHIB #Shibarium pic.twitter.com/IauQxFujqS— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 13, 2023
The Shibarium intake form was introduced in February 2023, just before the launch of the Shibarium Beta Testnet. Its purpose was to identify promising projects and offer support to those interested in contributing to SHIB.
The crypto community has shown immense interest in the Shibarium intake forms, with over 3000 submissions as of May 6. This number continued to grow, and as of the latest update, Shytoshi Kusama, the lead developer of $SHIB , confirmed that the team has received more than 7000 applications.
In addition, Lucie shared that Bad Idea Ai has become an official partner of the Shiba Inu Ecosystem, joining the ranks of Unification (FUND) and Welly, a Shiba Inu-themed burger joint, as listed on the new website.
These updates are paving the way for the highly anticipated launch of Shibarium Mainnet. There are speculations that the Shibarium Mainnet launch may take place during the #ETH Toronto Conference 2023 in August. The event is scheduled for August 15th – 16th in Canada, and #ShibaInu is proud to be the official sponsor.
However, it’s worth mentioning that the team hasn’t disclosed the exact launch date for #Shibarium Mainnet yet.#Binanceturns6
Shiba Inu Closes Shibarium Intake Form Submissions
#GOATMoments Shiba Inu has officially closed the intake form submissions for the much-awaited Shibarium – Layer 2 solution.
Lucie, the SHIB team marketing specialist and community influencer, shared a sneak peek of the redesigned websites on Twitter. She also highlighted the latest updates that have been made.
One of the notable updates includes the closure of intake form submissions for the much-awaited Shibarium – Layer 2 solution.
The Shiba Inu team also unveiled an exciting new look for their official websites, Shib.io and Shibarium Tech. These websites now include several fresh updates implemented within the Shiba Inu ecosystem.
Sooo beautiful 😍 $SHIB #Shibarium pic.twitter.com/IauQxFujqS— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 13, 2023
The Shibarium intake form was introduced in February 2023, just before the launch of the Shibarium Beta Testnet. Its purpose was to identify promising projects and offer support to those interested in contributing to SHIB.
The crypto community has shown immense interest in the Shibarium intake forms, with over 3000 submissions as of May 6. This number continued to grow, and as of the latest update, Shytoshi Kusama, the lead developer of $SHIB , confirmed that the team has received more than 7000 applications.
In addition, Lucie shared that Bad Idea Ai has become an official partner of the Shiba Inu Ecosystem, joining the ranks of Unification (FUND) and Welly, a Shiba Inu-themed burger joint, as listed on the new website.
These updates are paving the way for the highly anticipated launch of Shibarium Mainnet. There are speculations that the Shibarium Mainnet launch may take place during the #ETH Toronto Conference 2023 in August. The event is scheduled for August 15th – 16th in Canada, and #ShibaInu is proud to be the official sponsor.
However, it’s worth mentioning that the team hasn’t disclosed the exact launch date for #Shibarium Mainnet yet.#Binanceturns6
Lucie, the SHIB team marketing specialist and community influencer, shared a sneak peek of the redesigned websites on Twitter. She also highlighted the latest updates that have been made.
One of the notable updates includes the closure of intake form submissions for the much-awaited Shibarium – Layer 2 solution.
The Shiba Inu team also unveiled an exciting new look for their official websites, Shib.io and Shibarium Tech. These websites now include several fresh updates implemented within the Shiba Inu ecosystem.
Sooo beautiful 😍 $SHIB #Shibarium pic.twitter.com/IauQxFujqS— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 13, 2023
The Shibarium intake form was introduced in February 2023, just before the launch of the Shibarium Beta Testnet. Its purpose was to identify promising projects and offer support to those interested in contributing to SHIB.
The crypto community has shown immense interest in the Shibarium intake forms, with over 3000 submissions as of May 6. This number continued to grow, and as of the latest update, Shytoshi Kusama, the lead developer of $SHIB , confirmed that the team has received more than 7000 applications.
In addition, Lucie shared that Bad Idea Ai has become an official partner of the Shiba Inu Ecosystem, joining the ranks of Unification (FUND) and Welly, a Shiba Inu-themed burger joint, as listed on the new website.
These updates are paving the way for the highly anticipated launch of Shibarium Mainnet. There are speculations that the Shibarium Mainnet launch may take place during the #ETH Toronto Conference 2023 in August. The event is scheduled for August 15th – 16th in Canada, and #ShibaInu is proud to be the official sponsor.
However, it’s worth mentioning that the team hasn’t disclosed the exact launch date for #Shibarium Mainnet yet.#Binanceturns6
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