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đ„đ„đ„ Bitcoin ($BTC ) Death Cross Here, Dogecoin ($DOGE ) Erases Another Zero, Should We Consider Shiba Inu ($SHIB ) Lifeless?
#Bitcoin's Potential Death Cross
- Bitcoin's 50-day EMA is approaching a cross below the 200-day EMA, signaling a potential death cross, often seen as a bearish indicator. This cross could lead to a price drop below $65,000 or even into the low $60,000 range. Currently, Bitcoin is trading near $68,489. To counter the bearish trend, bulls need to push the price above $70,000. A breakout could lead to a rally towards $75,000.
Dogecoin's Resistance
- Dogecoin crossed the $0.1012 mark but remains below its 50-day EMA, indicating resistance. DOGE would need to break above $0.11 to build bullish momentum, with further targets at the 100-day EMA at $0.12 and the 200-day EMA at $0.13. Without a breakout, it may fall back to $0.09 for consolidation.
Shiba Inu's Stagnation
- Shiba Inu (SHIB) has been flat, trading at $0.00001328, and remains below its key EMAs, signaling continued bearish momentum. A break above the 50-day EMA at $0.000014 could renew interest, with potential to push toward $0.00002. However, without a catalyst, SHIB may remain stagnant.
Source - u.today
#CryptoTrend #BinanceSquareBTC #CryptoMarketTrend
#Bitcoin's Potential Death Cross
- Bitcoin's 50-day EMA is approaching a cross below the 200-day EMA, signaling a potential death cross, often seen as a bearish indicator. This cross could lead to a price drop below $65,000 or even into the low $60,000 range. Currently, Bitcoin is trading near $68,489. To counter the bearish trend, bulls need to push the price above $70,000. A breakout could lead to a rally towards $75,000.
Dogecoin's Resistance
- Dogecoin crossed the $0.1012 mark but remains below its 50-day EMA, indicating resistance. DOGE would need to break above $0.11 to build bullish momentum, with further targets at the 100-day EMA at $0.12 and the 200-day EMA at $0.13. Without a breakout, it may fall back to $0.09 for consolidation.
Shiba Inu's Stagnation
- Shiba Inu (SHIB) has been flat, trading at $0.00001328, and remains below its key EMAs, signaling continued bearish momentum. A break above the 50-day EMA at $0.000014 could renew interest, with potential to push toward $0.00002. However, without a catalyst, SHIB may remain stagnant.
Source - u.today
#CryptoTrend #BinanceSquareBTC #CryptoMarketTrend
With solid support at $0.3 $NULS is gaining momentum towards bullish trend.
#Bitcoin's bullish trend is just icing on the cake. đ
#HODLHODL #cryptoinvestor #TechnicalAnalysiss
#Bitcoin's bullish trend is just icing on the cake. đ
#HODLHODL #cryptoinvestor #TechnicalAnalysiss
#Bitcoin's rise today, driven by a 1.58% increase, can be partly attributed to the influence of Michael Saylor, a well-known Bitcoin advocate and the CEO of MicroStrategy. Saylor and his company have been pivotal in driving institutional adoption of Bitcoin, with MicroStrategy consistently purchasing large amounts of Bitcoin as part of its treasury strategy.
Whenever Saylor publicly discusses $BTC , promotes its value as a store of wealth, or announces new purchases, it often leads to increased market enthusiasm and buying pressure. Investors tend to react positively to his bullish outlook, given his reputation and the scale of his company's investments in Bitcoin. In this case, any positive sentiment, announcement, or significant purchase from Saylor could have sparked today's Bitcoin rally.
This highlights how influential figures and institutional moves can impact short-term price movements in the cryptocurrency space.$BTC
#CryptoMarketMoves #PowellAtJacksonHole
Whenever Saylor publicly discusses $BTC , promotes its value as a store of wealth, or announces new purchases, it often leads to increased market enthusiasm and buying pressure. Investors tend to react positively to his bullish outlook, given his reputation and the scale of his company's investments in Bitcoin. In this case, any positive sentiment, announcement, or significant purchase from Saylor could have sparked today's Bitcoin rally.
This highlights how influential figures and institutional moves can impact short-term price movements in the cryptocurrency space.$BTC
#CryptoMarketMoves #PowellAtJacksonHole
The $2.47 billion in long #liquidation leverages might be seen as a necessary bullish reflection!
The market's correction might just be #Bitcoin's way of setting the stage for a grand entrance.
The market's correction might just be #Bitcoin's way of setting the stage for a grand entrance.
đ°Analyst: The funny thing is that 88.5% of #Bitcoin's supply has not changed in the last three months.
Wall Street will have to work hard to get holders to part with their BTC coins. Are we waiting for the dump?đ
Wall Street will have to work hard to get holders to part with their BTC coins. Are we waiting for the dump?đ
#Bitcoin's price ,for the next few weeks, will be very volatile.
#significantMovement / New Trend may occur if weekly candle closes below $60,000 or above $67000.
High possibility of #quickdrop to $57000 to 53000 before the #bullrun .
#significantMovement / New Trend may occur if weekly candle closes below $60,000 or above $67000.
High possibility of #quickdrop to $57000 to 53000 before the #bullrun .
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Miner Marathon set a record for monthly mining volume with 1853 BTC
In December, miner Marathon Digital mined 1,853 bitcoins, which was a record monthly figure among public BTC mining companies. Year-over-year, Marathon's production increased 290%, up 56% from November. CEO and Chairman of the Board Fred Thiel attributed this result to the company's strategic expansion and improved operational efficiency.
Press release
#Bitcoin's
$BTC
In December, miner Marathon Digital mined 1,853 bitcoins, which was a record monthly figure among public BTC mining companies. Year-over-year, Marathon's production increased 290%, up 56% from November. CEO and Chairman of the Board Fred Thiel attributed this result to the company's strategic expansion and improved operational efficiency.
Press release
#Bitcoin's
$BTC
#Bitcoin's quarterly candle is set to close up +72%, engulfing 10 months of bear trend.
Pretty crazy.
#Binance #crypto2023 #BTC
Pretty crazy.
#Binance #crypto2023 #BTC
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Better Markets, a nonprofit organization headquartered in the United States, sent a letter to the Securities and Exchange Commission (SEC) saying it opposes the approval of Bitcoin spot ETFs.
Grayscale argues that the court's decision should not force the SEC to deviate from its previous decision not to approve multiple Bitcoin-based spot ETFs.
Better Markets took the rare step of sending a follow-up comment letter, arguing that the SEC's approval of the expected rule change would be a serious, if not historic, mistake and would result in major losses for investors. According to the organization, the approval of these spot Bitcoin ETFs will expose investors to a market completely tainted by fraud and manipulation.
Bloomberg analyst James Seyffarth commented on the situation, saying that given the time, effort and energy expended by all these applicants and SEC staff over the past few months, refusal would certainly be a criminal act.
#Bitcoin's
$BTC
Grayscale argues that the court's decision should not force the SEC to deviate from its previous decision not to approve multiple Bitcoin-based spot ETFs.
Better Markets took the rare step of sending a follow-up comment letter, arguing that the SEC's approval of the expected rule change would be a serious, if not historic, mistake and would result in major losses for investors. According to the organization, the approval of these spot Bitcoin ETFs will expose investors to a market completely tainted by fraud and manipulation.
Bloomberg analyst James Seyffarth commented on the situation, saying that given the time, effort and energy expended by all these applicants and SEC staff over the past few months, refusal would certainly be a criminal act.
#Bitcoin's
$BTC
Mastercard will expand its #Bitcoin & crypto payment card programs by seeking more partnerships
Mastercard is "really quite enthusiastic" #Bitcoin's tech
#Binance #crypto2023
Mastercard is "really quite enthusiastic" #Bitcoin's tech
#Binance #crypto2023
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UN will use blockchain to help refugees
At a panel discussion organized by Decentral House in Switzerland, UNHCR Director of Finance and Administration Carmen Hett said the humanitarian agency had begun developing a blockchain-based system for personal identification. Other international agencies, including the International Telecommunication Union (ITU) and the World Trade Organization (WTO), also attended the conference and shared ideas on how to integrate blockchain into their business processes.
UNHCR intends to use USDC stablecoins, which are popular among many traders and can be easily exchanged for fiat money. Given that there are more than 114 million refugees worldwide, the UN will be much easier to carry out its tasks with the help of blockchain, Hett noted. UNHCR has already tested its blockchain solution in Ukraine, receiving the Best Impact Project Award at Paris Blockchain Week 2023.
#Bitcoin's #Ethereum. #BNBđ„ #Solana: #Ripple
$BTC $ETH $SOL
At a panel discussion organized by Decentral House in Switzerland, UNHCR Director of Finance and Administration Carmen Hett said the humanitarian agency had begun developing a blockchain-based system for personal identification. Other international agencies, including the International Telecommunication Union (ITU) and the World Trade Organization (WTO), also attended the conference and shared ideas on how to integrate blockchain into their business processes.
UNHCR intends to use USDC stablecoins, which are popular among many traders and can be easily exchanged for fiat money. Given that there are more than 114 million refugees worldwide, the UN will be much easier to carry out its tasks with the help of blockchain, Hett noted. UNHCR has already tested its blockchain solution in Ukraine, receiving the Best Impact Project Award at Paris Blockchain Week 2023.
#Bitcoin's #Ethereum. #BNBđ„ #Solana: #Ripple
$BTC $ETH $SOL
Bitcoin's Decentralization Crusader: Dorsey Explores Crypto Mining
Dorsey's Block Enters Crypto Mining Hardware Amid High Demand
Jack Dorsey, renowned co-founder and former CEO of Twitter, has transitioned his focus to the world of cryptocurrencies, particularly Bitcoin. With his involvement in Square, now known as Block, and as the CEO of the company, Dorsey has made significant strides in the crypto industry. While Block continues to provide financial services, it has recently integrated a crypto wallet within its Cash App. However, Dorsey's dedication extends beyond financial instruments. He is also venturing into the development of Bitcoin's core network, including a new hardware solution for mining Bitcoin. The official announcement is yet to be made, but rumors suggest an early 2024 launch.
Growing Demand for Bitcoin Mining Hardware
#Bitcoin's hashrate, the total computing power allocated to mining worldwide, recently reached an all-time high. This surge indicates a rising demand for mining hardware, especially with the upcoming halving scheduled for the second quarter of next year. The mining competition rewards those who employ high-performance machines while posing challenges for miners with low computing power and high energy consumption. With mining costs potentially exceeding revenues, upgrading to efficient hardware becomes crucial, particularly after the halving reduces mining rewards.
Block's Potential Market Solution
Block's forthcoming mining hardware aims to address the demand for high-performance machines and cater to miners seeking efficient solutions. By tapping into this market demand, Block could offer a viable option for miners looking to upgrade their fleets and remain competitive. However, precise details regarding the hardware solution are currently unavailable, leaving the crypto community eagerly awaiting further information.
Dorsey's Belief in Bitcoin
Jack Dorsey is a strong advocate for Bitcoin's decentralization philosophy, often regarding it as the true embodiment of a decentralized #cryptoproject . He has even expressed his belief that Ethereum should be classified as a security. Dorsey's focus on Bitcoin aligns with his appreciation for decentralization, which he views as the driving force behind the revolution brought forth by Bitcoin. While he has shown some recent interest in Tether, it is primarily due to his admiration for Paolo Ardoino, Tether's CTO, who shares a commitment to decentralization through projects like Keet.io for peer-to-peer communication.
The Emergence of an Anti-Centralization Coalition
Within the crypto sector, a growing coalition against centralization appears to be forming. Dorsey, alongside other industry figures, sees Bitcoin as the true financial revolution. The belief in Bitcoin's potential as a decentralized force has brought together individuals dedicated to reshaping finance. While Ardoino provides technical expertise, Dorsey's influence as the celebrated co-founder of Twitter places him in a unique position to contribute to communication efforts.
Jack Dorsey's transition into the crypto world continues to make waves, as Block, under his leadership, explores new frontiers. With the anticipated launch of Bitcoin mining hardware, Block aims to meet the rising demand for efficient mining machines. Dorsey's unwavering belief in Bitcoin's decentralized nature has propelled his commitment to the project, while his admiration for other decentralization-oriented figures highlights the emerging coalition against centralization in the crypto sector. As the true revolution in finance unfolds, Dorsey and others are positioning Bitcoin as the catalyst of this transformative era.
Jack Dorsey, renowned co-founder and former CEO of Twitter, has transitioned his focus to the world of cryptocurrencies, particularly Bitcoin. With his involvement in Square, now known as Block, and as the CEO of the company, Dorsey has made significant strides in the crypto industry. While Block continues to provide financial services, it has recently integrated a crypto wallet within its Cash App. However, Dorsey's dedication extends beyond financial instruments. He is also venturing into the development of Bitcoin's core network, including a new hardware solution for mining Bitcoin. The official announcement is yet to be made, but rumors suggest an early 2024 launch.
Growing Demand for Bitcoin Mining Hardware
#Bitcoin's hashrate, the total computing power allocated to mining worldwide, recently reached an all-time high. This surge indicates a rising demand for mining hardware, especially with the upcoming halving scheduled for the second quarter of next year. The mining competition rewards those who employ high-performance machines while posing challenges for miners with low computing power and high energy consumption. With mining costs potentially exceeding revenues, upgrading to efficient hardware becomes crucial, particularly after the halving reduces mining rewards.
Block's Potential Market Solution
Block's forthcoming mining hardware aims to address the demand for high-performance machines and cater to miners seeking efficient solutions. By tapping into this market demand, Block could offer a viable option for miners looking to upgrade their fleets and remain competitive. However, precise details regarding the hardware solution are currently unavailable, leaving the crypto community eagerly awaiting further information.
Dorsey's Belief in Bitcoin
Jack Dorsey is a strong advocate for Bitcoin's decentralization philosophy, often regarding it as the true embodiment of a decentralized #cryptoproject . He has even expressed his belief that Ethereum should be classified as a security. Dorsey's focus on Bitcoin aligns with his appreciation for decentralization, which he views as the driving force behind the revolution brought forth by Bitcoin. While he has shown some recent interest in Tether, it is primarily due to his admiration for Paolo Ardoino, Tether's CTO, who shares a commitment to decentralization through projects like Keet.io for peer-to-peer communication.
The Emergence of an Anti-Centralization Coalition
Within the crypto sector, a growing coalition against centralization appears to be forming. Dorsey, alongside other industry figures, sees Bitcoin as the true financial revolution. The belief in Bitcoin's potential as a decentralized force has brought together individuals dedicated to reshaping finance. While Ardoino provides technical expertise, Dorsey's influence as the celebrated co-founder of Twitter places him in a unique position to contribute to communication efforts.
Jack Dorsey's transition into the crypto world continues to make waves, as Block, under his leadership, explores new frontiers. With the anticipated launch of Bitcoin mining hardware, Block aims to meet the rising demand for efficient mining machines. Dorsey's unwavering belief in Bitcoin's decentralized nature has propelled his commitment to the project, while his admiration for other decentralization-oriented figures highlights the emerging coalition against centralization in the crypto sector. As the true revolution in finance unfolds, Dorsey and others are positioning Bitcoin as the catalyst of this transformative era.
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These actions will precede the approval of spot Bitcoin ETFs
Crypto investors and asset managers are eagerly awaiting news of the Securities and Exchange Commission's decision following a dozen applications for a spot Bitcoin ETF. It is believed that the agreement will increase the value of the cryptocurrency sector by billions of dollars, and as early as next week.
The deadline for a number of applications is set for January 10, by which date the SEC must announce its position to Cathie Wood's ARK Investment and 21Shares. We note that last week ended on an upbeat note as stock exchanges rushed to file new Forms 19b-4 for each proposed fund.
Now the crypto community and beyond are closely monitoring new information on the SEC website, where it will appear the fastest. Until then, Forms 19b-4 will need to be approved, then Forms S-1 will need to become âeffective.â
#Bitcoin's
$BTC
Crypto investors and asset managers are eagerly awaiting news of the Securities and Exchange Commission's decision following a dozen applications for a spot Bitcoin ETF. It is believed that the agreement will increase the value of the cryptocurrency sector by billions of dollars, and as early as next week.
The deadline for a number of applications is set for January 10, by which date the SEC must announce its position to Cathie Wood's ARK Investment and 21Shares. We note that last week ended on an upbeat note as stock exchanges rushed to file new Forms 19b-4 for each proposed fund.
Now the crypto community and beyond are closely monitoring new information on the SEC website, where it will appear the fastest. Until then, Forms 19b-4 will need to be approved, then Forms S-1 will need to become âeffective.â
#Bitcoin's
$BTC
