📉 Warren Buffett's massive selling sends a negative signal to the stock market and shows that he expects a fall in the future.
📊 As you can see in the chart, Bitcoin and S&P 500 are often in the same direction; This means that any sharp swings in the stock market are likely to have a similar effect on crypto. If the S&P falls, Bitcoin may experience a serious correction.
💬 Buffett invests with a long-term view and his exit from Apple shares may indicate a bearish market outlook. These sales can put a lot of pressure on stocks and risky assets like crypto.
✅ Bitcoin whales await the results of the US election
🔴 According to sentiment data on August 5, it shows signs of whale accumulation at the price of around $50,000. This could mean that the whales bought Bitcoin at this price point expecting the price to rise in the future.
‼️ On October 29, signs of whales taking profits at around $72,000. This means that the whales decided to sell and take profits, which is why we saw the price correction
✔️ The purple lines in the chart indicate the number of whale transactions, the volume of transactions has decreased after October 29, about a week before, and it is possible that the whales are waiting for a suitable opportunity or an important news for the market reaction to decide to re-enter the market.
🔴 The markets are waiting for the final result of the election
▪️ With the elections in the United States approaching, the political atmosphere has become extremely tense and some analysts report the possibility of a very close competition between the candidates. Until last week, it seemed that Trump, the Republican nominee, had a better chance of winning, but The results of some recent polls show that the situation has changed in favor of Harris, the Democratic candidate.
👈 This change in polls in favor of Harris has increased the desire of investors to buy bonds and for this reason, the yield of 10-year US Treasury bonds has decreased to 4.29%. Also, the USDJPY currency pair has been accompanied by a drop of more than 100 pips.
🔴 Reddit made a profit for the first time in its life by selling its Bitcoin and Ethereum assets
Reddit, the pioneer social media platform in the field of digital currencies, sold a major part of its digital assets in the third quarter of 2024.
▪️ According to the latest quarterly report, the company earned $6.87 million by selling most of its Bitcoin and Ethereum holdings. The sale helped Reddit turn a profit for the first time in its 19-year history. Reddit has also discontinued its Ethereum-based community rating system and blockchain wallet.
In its recent report to the US Securities and Exchange Commission (SEC), this company expressed concerns about the long-term adoption of digital currencies. Reddit has updated its investment policy to require board approval for future cryptocurrency purchases. These decisions represent a gradual scaling back of Reddit's blockchain initiatives that previously engaged users.
✅ According to the latest forecast of the Bernstein investment company, if Trump wins the election and becomes president, Bitcoin can reach numbers between 80 and 90 thousand dollars, and the target price is 200 thousand dollars by 2025.
✅ According to the latest forecast of the Bernstein investment company, if Trump wins the election and becomes president, Bitcoin can reach numbers between 80 and 90 thousand dollars, and the target price is 200 thousand dollars by 2025.
‼️ The situation is strange this week, tomorrow, November 5th, the American elections and November 7th, the Federal Reserve meeting and setting interest rates $BTC $ETH $BNB #USElections2024Countdown #TetherAEDLaunch
How did Bitcoin succeed? Michael Silver revealed the magic formula of this cryptocurrency!
Michael Silver, CEO of MicroStrategy and a staunch fan of Bitcoin, recently revealed the formula for Bitcoin's success and showed how this digital currency achieved success with a calculated design.
⭕️ Interesting news and I don't know whether it is right or wrong that it has been said that 12 million people in Iran, which is 13.5% of the population of Iran, have cryptocurrency and it is ranked fourth, it means based on the population ratio #TON #DOGSONBINANCE #DOGSONBINANCE #TelegramCEO #PowellAtJacksonHole $BTC $BNB .
1 billion Ripple tokens will be released tomorrow; Should we wait for XRP to drop?
Ripple, the main developer of XRP Ledger, plans to release 1 billion XRP tokens on September 1. This is part of the monthly program of releasing tokens from the initial distribution, which is often followed by a drop in Ripple's price.
The value of this release at current prices is 570 million dollars, a part of which will be sold in the coming days. XRPScan data shows that the two addresses will release a total of 1 billion Ripples in three transactions.
Since May 2024, Ripple has used these two accounts for monthly releases. Since the beginning of 2024, Ripple has sold more than 2.02 billion Ripple worth about $1.15 billion from its treasury account.
Ripple investors should keep a close eye on Ripple selling activities as it can have a strong impact on the price of this token.
Bitcoin's downward trend may continue until the end of 2024
Benjamin Cowen, a famous digital currency analyst, has predicted that the downward trend of Bitcoin (BTC) may continue until the end of 2024.
▪️ He believes that to change this trend, the Federal Reserve should reduce the interest rate by at least 75 basis points. The Federal Reserve is expected to start cutting interest rates in September.
Cowen also suggested an optimistic scenario where the bearish trend could be broken in October if the neutral rate is higher than the Fed expects. However, he predicts that the reversal will last until the end of the year and Bitcoin will climb again in January 2025.
#Dogs After touching his upward targets and fixing the weak balance in his previous ceiling, by hitting a new ceiling Entered the time and price correction as expected...
but Again, the condition of climbing and re-touching its climbing targets {The price reaction to these levels was also excellent} Even in this time frame, stability is on the resistance-equilibrium box (1324...1344).
As long as his movement under this box is OK, he is prone to retouching the previous entry point and even lower entry points...
Bitcoin is moving according to the analysis and no special point can be added to it As we mentioned in the previous series of analysis, the blue circles were the supports that the bottom of this range of the lower circle worked and stopped the microsho.
We gave an update earlier that with this incident, when the first encounter with the support happened, we mentioned that (link to the previous analysis) 50% of this drop is important and the source of the drop (upper blue circle)
Currently, Bitcoin will be involved in these 2 levels, and as long as the source of the fall is not withdrawn, the correction process will continue in the short term. Once it gets there, it needs to be checked because the main price ceiling is still in the yellow box and black arrow
So, we went step by step with the market until this moment!
For now, in the short term, if the black number doesn't go up, in the short term, we will be bearish. It's too early to talk about this. We have to wait for the next 8 hours.
Support for a positive reaction can be 56974.27, which is a very short-term level and finally blue lines at the prices of 54290.79 and 53151.92 good luck
Question: Why is it normal when all markets fall and tokens with volumes of 200 million to 1 billion and... But is the token that you have and is dropping unusual? And there must be a conspiracy!!!! This question has many different answers... But in principle and understanding the subject, there are many issues lies...
This is Dags! Bitcoin was also listed, in this situation it would be like this So either we have to learn to adapt ourselves to the market or we have to be ready to be annoyed.
⭕️ After a long wait, the official airdrop date of Hamster Combat has been announced
🐹 Hamster Combat, the popular Telegram game that broke the record for the biggest game in the world of digital currencies, is now ready for a big move. With over 300 million users, the game plans to distribute 60% of its tokens to players.
🐹 This can happen to the digital currency industry... $BTC