Bitcoin-BTC
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Bitcoin has followed the expected pattern and has made its last pump to liquidate all short positions. As a result, the price has experienced a significant drop of $2500, indicating the strength of sellers at these levels. We anticipate a test of the support area in the upcoming days.
First Support Area: $34,700-$35,000
Second Support Area: $33,300-$33,600
Resistance area: $36,000-$37,000 (Remains Same)
#BTC #BTCđĽđĽ #Bitcoin-BTC #BTCanalysis #BullRun
First Support Area: $34,700-$35,000
Second Support Area: $33,300-$33,600
Resistance area: $36,000-$37,000 (Remains Same)
#BTC #BTCđĽđĽ #Bitcoin-BTC #BTCanalysis #BullRun
#BTCđĽđĽ , the recent rise is largely due to the upcoming #Bitcoin-BTC halving , meaning the actual BTC rewards for mining Will be cut to half, decreasing the BTC offer and catalysing the price upward âŹď¸đđ
$BTC $ETH $SOL
$BTC $ETH $SOL
ZetaChain 1.0: Unleashing the Era of Omnichain Blockchain Interoperability
Introduction:
ZetaChain 1.0 marks a significant leap forward in the realm of blockchain technology, ushering in an era of omnichain vision. Positioned as a public omnichain blockchain, ZetaChain introduces seamless cross-blockchain transactions through a comprehensive toolkit for cross-chain messaging and Omnichain Smart Contracts. This groundbreaking platform aims to redefine the crypto landscape, offering a unified yet decentralized smart contract environment with far-reaching applications.
The Omnichain Vision:
At its core, ZetaChain is not merely a blockchain; it is an omnichain solution designed to facilitate real, native cross-blockchain transactions. The platform provides a complete toolkit for cross-chain messaging and supports Omnichain Smart Contracts, enabling the creation of diverse applications across various verticals such as social, consumer, gaming, DeFi, collectibles, and more. ZetaChain envisions a crypto ecosystem where users can access and utilize apps seamlessly across any blockchain, revolutionizing the user experience.
Decentralized Smart Contract Platform:
ZetaChain's strength lies in being a decentralized smart contract platform that goes beyond traditional exchange and transfer applications. It empowers developers to build applications that converge blockchains, making crypto more accessible and cost-effective. The platform serves as a hub for public good dApps, managing assets and data across multiple chains, thereby establishing a new paradigm for decentralized internet accessibility.
Interoperability as Connective Tissue:
ZetaChain takes interoperability to the next level, evolving from mere connective threads to a connective tissue that forms the base layer of the crypto ecosystem. With the emergence of modular blockchain architectures and diverse ecosystems, ZetaChain provides an execution layer for all chains to converge and unlock new utility for each other. It becomes the entry point for public good dApps, fostering the seamless exchange of assets and data across chains.
Fulfilling Crypto's Original Promise:
ZetaChain aims to fulfill the original promise of crypto by bringing it back to its roots â a truly decentralized internet that is open and accessible to all. By providing a platform for convergence and interoperability, ZetaChain strives to create an inclusive and decentralized crypto ecosystem that transcends the limitations of individual blockchains.
Unlocking Bitcoin Smart Contracts:
Recognizing Bitcoin's pivotal role in the crypto ecosystem, ZetaChain introduces programmability that unlocks robust and interoperable Bitcoin Smart Contracts. This innovation enables developers to easily build and deploy contracts controlling native Bitcoin, allowing Bitcoin to interact seamlessly with tokens and data from other chains. Users can directly engage with Bitcoin Smart Contracts without leaving their Bitcoin wallets, opening up new possibilities for applications such as trading, social interactions, identity management, collateralization, restaking, and more.
Conclusion:
ZetaChain 1.0 signifies a transformative step towards realizing the omnichain vision, providing a versatile platform for developers and users alike. By combining decentralized smart contracts, cross-chain interoperability, and the unlocking of Bitcoin Smart Contracts, ZetaChain stands poised to shape the future of the crypto landscape, delivering on the promise of a truly decentralized and accessible internet.
#Zetachain #DeFi #Web3 #BTC!đ° #Bitcoin-BTC
ZetaChain 1.0 marks a significant leap forward in the realm of blockchain technology, ushering in an era of omnichain vision. Positioned as a public omnichain blockchain, ZetaChain introduces seamless cross-blockchain transactions through a comprehensive toolkit for cross-chain messaging and Omnichain Smart Contracts. This groundbreaking platform aims to redefine the crypto landscape, offering a unified yet decentralized smart contract environment with far-reaching applications.
The Omnichain Vision:
At its core, ZetaChain is not merely a blockchain; it is an omnichain solution designed to facilitate real, native cross-blockchain transactions. The platform provides a complete toolkit for cross-chain messaging and supports Omnichain Smart Contracts, enabling the creation of diverse applications across various verticals such as social, consumer, gaming, DeFi, collectibles, and more. ZetaChain envisions a crypto ecosystem where users can access and utilize apps seamlessly across any blockchain, revolutionizing the user experience.
Decentralized Smart Contract Platform:
ZetaChain's strength lies in being a decentralized smart contract platform that goes beyond traditional exchange and transfer applications. It empowers developers to build applications that converge blockchains, making crypto more accessible and cost-effective. The platform serves as a hub for public good dApps, managing assets and data across multiple chains, thereby establishing a new paradigm for decentralized internet accessibility.
Interoperability as Connective Tissue:
ZetaChain takes interoperability to the next level, evolving from mere connective threads to a connective tissue that forms the base layer of the crypto ecosystem. With the emergence of modular blockchain architectures and diverse ecosystems, ZetaChain provides an execution layer for all chains to converge and unlock new utility for each other. It becomes the entry point for public good dApps, fostering the seamless exchange of assets and data across chains.
Fulfilling Crypto's Original Promise:
ZetaChain aims to fulfill the original promise of crypto by bringing it back to its roots â a truly decentralized internet that is open and accessible to all. By providing a platform for convergence and interoperability, ZetaChain strives to create an inclusive and decentralized crypto ecosystem that transcends the limitations of individual blockchains.
Unlocking Bitcoin Smart Contracts:
Recognizing Bitcoin's pivotal role in the crypto ecosystem, ZetaChain introduces programmability that unlocks robust and interoperable Bitcoin Smart Contracts. This innovation enables developers to easily build and deploy contracts controlling native Bitcoin, allowing Bitcoin to interact seamlessly with tokens and data from other chains. Users can directly engage with Bitcoin Smart Contracts without leaving their Bitcoin wallets, opening up new possibilities for applications such as trading, social interactions, identity management, collateralization, restaking, and more.
Conclusion:
ZetaChain 1.0 signifies a transformative step towards realizing the omnichain vision, providing a versatile platform for developers and users alike. By combining decentralized smart contracts, cross-chain interoperability, and the unlocking of Bitcoin Smart Contracts, ZetaChain stands poised to shape the future of the crypto landscape, delivering on the promise of a truly decentralized and accessible internet.
#Zetachain #DeFi #Web3 #BTC!đ° #Bitcoin-BTC
Pioneering Countries Launching Functional Bitcoin Spot ETFs
Of the nearly 200 sovereign states and territories across the globe, only a handful of eight have operational Bitcoin spot ETFs that are publicly traded on stock exchanges.
Read more on: https://thecryptobasic.com/2023/11/08/here-are-countries-with-functional-bitcoin-spot-etf-products/
#Bitcoin-BTC #BitcoinETFLaunch #Crypto #CryptoCurrents #CryptoNewsđđ°đŤ
Read more on: https://thecryptobasic.com/2023/11/08/here-are-countries-with-functional-bitcoin-spot-etf-products/
#Bitcoin-BTC #BitcoinETFLaunch #Crypto #CryptoCurrents #CryptoNewsđđ°đŤ
From the overflow of meme coins to new Bitcoin highs - cryptocurrencies never cease to amaze! đđ What trends have caught your attention in this thrilling world?
#Bitcoin-BTC $BTC
#Bitcoin-BTC $BTC
What is so relieving about people collecting bitcoins? They are mining their own business!
#Bitcoin-BTC #BitcoinMining
#Bitcoin-BTC #BitcoinMining
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Analysts explained the Bitcoin correction by sales following the approval of the ETF
The cumulative volume delta (CVD) of digital gold on leading platforms turned negative following news of the approval of spot Bitcoin ETFs, according to Kaiko.
Analysts pointed to the implementation of the âsales after the factâ scenario. They noted that an hour before the US market opened on Binance, net purchases reached almost 3,000 BTC, but the advantage of buyers was short-lived.
Positive CVD remained only on Coinbase and the institutional-focused platform Bitstamp. The latterâs competitor, Itbit, recorded net sales, as did Binance, OKX and Kraken, popular exchanges among retail investors.
Ethereum and ERC20 tokens have become attractive in the eyes of investors due to speculation about future approval of spot Ethereum ETFs, according to experts. They noticed that after falling to yearly lows, the ETH/BTC ratio increased sharply.
#Bitcoin-BTC #BTCUSD #Ethereum2024 #ETH/USDT #etf
$BTC $ETH
The cumulative volume delta (CVD) of digital gold on leading platforms turned negative following news of the approval of spot Bitcoin ETFs, according to Kaiko.
Analysts pointed to the implementation of the âsales after the factâ scenario. They noted that an hour before the US market opened on Binance, net purchases reached almost 3,000 BTC, but the advantage of buyers was short-lived.
Positive CVD remained only on Coinbase and the institutional-focused platform Bitstamp. The latterâs competitor, Itbit, recorded net sales, as did Binance, OKX and Kraken, popular exchanges among retail investors.
Ethereum and ERC20 tokens have become attractive in the eyes of investors due to speculation about future approval of spot Ethereum ETFs, according to experts. They noticed that after falling to yearly lows, the ETH/BTC ratio increased sharply.
#Bitcoin-BTC #BTCUSD #Ethereum2024 #ETH/USDT #etf
$BTC $ETH
#Btc #bullmarket is lacking people. I mean , we are here ! good for us đ it is no concern to me where price action goes. In fact , please go lower , let's take a plunge ,,, again 𤣠will these #Bitcoin-BTC #etf limit or maybe even avoid the dump into the #Halving đ¤ˇââď¸ keeps the #market interesting atleast đ
The number of new active Bitcoin addresses continues to grow, and the coin's recent rally is contributing to this increase.
According to data from Glassnode, the number of active Bitcoin addresses peaked at 1.06 million in October 2021, before falling to 700,000 in July 2022. However, since then, the number of active addresses has risen again , reaching 800,000 in October 2022.
This increase in the number of active addresses suggests that more people are using Bitcoin, whether to buy, sell, store, or use the currency for other purposes. The coin's recent rally may be contributing to this rise as it has attracted the attention of new investors.
Additionally, the increase in the number of active addresses may also be due to the growing adoption of Bitcoin by businesses and governments. For example, El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021.
The increase in the number of active addresses is a positive indicator for the Bitcoin market. It suggests that the currency remains popular and its adoption is growing.
Here are some factors that could be contributing to the increase in the number of active Bitcoin addresses:
đ¸The recent rally of the currency.
đ¸The growing adoption of Bitcoin by businesses and governments.
đ¸The growing popularity of DeFi and NFT applications, which use Bitcoin.
đ¸The number of active Bitcoin addresses is likely to continue growing in the coming months and years.
source: Glassnode
#BTC #Bitcoin-BTC $BTC
According to data from Glassnode, the number of active Bitcoin addresses peaked at 1.06 million in October 2021, before falling to 700,000 in July 2022. However, since then, the number of active addresses has risen again , reaching 800,000 in October 2022.
This increase in the number of active addresses suggests that more people are using Bitcoin, whether to buy, sell, store, or use the currency for other purposes. The coin's recent rally may be contributing to this rise as it has attracted the attention of new investors.
Additionally, the increase in the number of active addresses may also be due to the growing adoption of Bitcoin by businesses and governments. For example, El Salvador became the first country in the world to adopt Bitcoin as legal tender in September 2021.
The increase in the number of active addresses is a positive indicator for the Bitcoin market. It suggests that the currency remains popular and its adoption is growing.
Here are some factors that could be contributing to the increase in the number of active Bitcoin addresses:
đ¸The recent rally of the currency.
đ¸The growing adoption of Bitcoin by businesses and governments.
đ¸The growing popularity of DeFi and NFT applications, which use Bitcoin.
đ¸The number of active Bitcoin addresses is likely to continue growing in the coming months and years.
source: Glassnode
#BTC #Bitcoin-BTC $BTC
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Investor Kevin O'Leary won't buy spot Bitcoin ETFs due to fees
Investor Kevin O'Leary of the television show "Shark Tank" said he would never buy the newly approved spot Bitcoin ETFs because he already owns Bitcoins and doesn't want to pay additional fees.
However, he acknowledged that the introduction of spot Bitcoin ETFs is a step forward for the entire crypto industry, which he hopes will energize Congress to consider digital payment systems such as USDC, which are based on the US dollar.
Although the US Securities and Exchange Commission has approved 11 Bitcoin ETFs, the expert is not sure that all of them will survive in the long term.
And itâs hard to disagree with his words, since at the end of the first day both companies were leaders in terms of trading volume.
#Bitcoin-BTC #BitcoinWorld #BTC!đ° #BTC-ETF. #etf
$BTC
Investor Kevin O'Leary of the television show "Shark Tank" said he would never buy the newly approved spot Bitcoin ETFs because he already owns Bitcoins and doesn't want to pay additional fees.
However, he acknowledged that the introduction of spot Bitcoin ETFs is a step forward for the entire crypto industry, which he hopes will energize Congress to consider digital payment systems such as USDC, which are based on the US dollar.
Although the US Securities and Exchange Commission has approved 11 Bitcoin ETFs, the expert is not sure that all of them will survive in the long term.
And itâs hard to disagree with his words, since at the end of the first day both companies were leaders in terms of trading volume.
#Bitcoin-BTC #BitcoinWorld #BTC!đ° #BTC-ETF. #etf
$BTC
The SEC needs to make a decision on two Spot #Bitcoin-BTC Â ETFs by next week!
â ď¸At this time, we expect very strong market volatility and very large profits.
#etf #BTC #Web3Wallet #bitcoinhalving
â ď¸At this time, we expect very strong market volatility and very large profits.
#etf #BTC #Web3Wallet #bitcoinhalving
5m TF
$BTC Yesterday turned out to be quite hot for our main cryptocurrency. Locally, we first experienced a furious growth to the $37,900 zone; it was in this area that we completed the 3rd subwave, after which we began a correction in the 4th.
It is not yet clear what kind of correction this will be, but I think we have already completed subwaves A and B, all that remains is to wait for the completion of C and the beginning of growth, in the 5th, to the area of ââ$38,600.
#BTCRally #BTC #BTCđĽđĽ #Bitcoin-BTC #etf
$BTC Yesterday turned out to be quite hot for our main cryptocurrency. Locally, we first experienced a furious growth to the $37,900 zone; it was in this area that we completed the 3rd subwave, after which we began a correction in the 4th.
It is not yet clear what kind of correction this will be, but I think we have already completed subwaves A and B, all that remains is to wait for the completion of C and the beginning of growth, in the 5th, to the area of ââ$38,600.
#BTCRally #BTC #BTCđĽđĽ #Bitcoin-BTC #etf
đ BTC UPDATE
Yesterday we saw a proper shakeout. Triggered both LONGs and SHORTs.
Bitcoin now should consolidate for some time allowing altcoins to grow unhindered.
After that consolidation we must see another wave of growth up to the $40,000 - $42,000 levels and this resistance will more likely act as a local top for Bitcoin.
The real correction should start from there. But you need to know these are early plans, time can change things.
#BTC #BTCđĽđĽ #Bitcoin-BTC #BTCanalytics #etf
Yesterday we saw a proper shakeout. Triggered both LONGs and SHORTs.
Bitcoin now should consolidate for some time allowing altcoins to grow unhindered.
After that consolidation we must see another wave of growth up to the $40,000 - $42,000 levels and this resistance will more likely act as a local top for Bitcoin.
The real correction should start from there. But you need to know these are early plans, time can change things.
#BTC #BTCđĽđĽ #Bitcoin-BTC #BTCanalytics #etf
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$200,000 by the end of 2025: BTC prospects after Bitcoin ETF approval
The value of the largest cryptocurrency could reach $200,000 by the end of 2025, thanks to the approval of a spot Bitcoin ETF in the United States, Business Insider writes.
The regulator, the SEC, is expected to approve the first such ETF this week. Potential approval could boost the value of BTC by more than 300% by the end of next year, according to many analysts.
The SEC (US Securities and Exchange Commission) promised to make a decision on the first of these ETFs by Wednesday this week.
If such a Bitcoin ETF is approved, the token could rise to around $200,000 by the end of 2025. This would suggest that between 437,000 and 1.32 million new bitcoins would be held in US spot ETFs by the end of 2024, with an estimated inflow of $50-100 billion this year alone.
Reaching $200,000 would represent a 344% increase in price from its current level of around $45,000.
#Bitcoin-BTC #BitcoinETFđ°đ°đ°
The value of the largest cryptocurrency could reach $200,000 by the end of 2025, thanks to the approval of a spot Bitcoin ETF in the United States, Business Insider writes.
The regulator, the SEC, is expected to approve the first such ETF this week. Potential approval could boost the value of BTC by more than 300% by the end of next year, according to many analysts.
The SEC (US Securities and Exchange Commission) promised to make a decision on the first of these ETFs by Wednesday this week.
If such a Bitcoin ETF is approved, the token could rise to around $200,000 by the end of 2025. This would suggest that between 437,000 and 1.32 million new bitcoins would be held in US spot ETFs by the end of 2024, with an estimated inflow of $50-100 billion this year alone.
Reaching $200,000 would represent a 344% increase in price from its current level of around $45,000.
#Bitcoin-BTC #BitcoinETFđ°đ°đ°
$BTC #Bitcoin-BTC
Talking about liquidation levels, we have upside and downside ltf liquidity to tap and more liquidity on downside (Hyblock and tradinglite data)
Summarizing : We have a crucial week ahead with cpi and ppi data with fed speakers too speaking. Talking technically, everything depends on weekend close as said.
Stay tuned.
#Celsius #BTC #Poloniex
Talking about liquidation levels, we have upside and downside ltf liquidity to tap and more liquidity on downside (Hyblock and tradinglite data)
Summarizing : We have a crucial week ahead with cpi and ppi data with fed speakers too speaking. Talking technically, everything depends on weekend close as said.
Stay tuned.
#Celsius #BTC #Poloniex
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Sora Ventures Gives Away 1 BTC To Celebrate the New Year
As part of the New Year celebrations, Sora Ventures founder Jason Fang has announced a Bitcoin giveaway to show his gratitude for the support he and Sora Ventures have received over the past year.
Fang is giving away a total of 0.05 Bitcoin to 20 lucky winners, symbolizing affection with the number â520,â a term associated with love in Chinese culture.
To enter this giveaway, interested parties must complete a series of steps to ensure they meet the eligibility criteria. Participants must follow Jason Fangâs personal account, the official X Sora Ventures account (@sora_ventures), and the @trac_btc and @OnChainMonkey accounts, hinting at a special collaboration in the works.
In addition, participants must tag three friends in their reply and retweet Fangâs original giveaway announcement.
The giveaway deadline is Saturday, January 13th, giving subscribers a limited time to enter and meet the entry requirements.
#Bitcoin-BTC
$BTC
As part of the New Year celebrations, Sora Ventures founder Jason Fang has announced a Bitcoin giveaway to show his gratitude for the support he and Sora Ventures have received over the past year.
Fang is giving away a total of 0.05 Bitcoin to 20 lucky winners, symbolizing affection with the number â520,â a term associated with love in Chinese culture.
To enter this giveaway, interested parties must complete a series of steps to ensure they meet the eligibility criteria. Participants must follow Jason Fangâs personal account, the official X Sora Ventures account (@sora_ventures), and the @trac_btc and @OnChainMonkey accounts, hinting at a special collaboration in the works.
In addition, participants must tag three friends in their reply and retweet Fangâs original giveaway announcement.
The giveaway deadline is Saturday, January 13th, giving subscribers a limited time to enter and meet the entry requirements.
#Bitcoin-BTC
$BTC
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Analysts pointed to the risks of Bitcoin correction to $38,000
The discrepancy between the price and the RSI indicator may indicate the risks of Bitcoinâs further slide towards the dynamic support at $38,000. This conclusion was reached by 10x Research, writes CoinDesk.
After the approval of spot Bitcoin ETFs, quotes fell by 5% to $42,600, confirming the classic âsell after the fact,â experts noted.
This was preceded by a rise to a two-year high near $49,000, which was not accompanied by similar dynamics in the 14-day RSI. The subsequent fall in price confirmed the bearish divergence, experts noted.
The MACD histogram dropped below zero, signaling a bearish momentum shift, analysts said.
Experts noted the impact on the price of capital flows from GBTC, which provides a 1.5% management fee, to competing instruments with more attractive conditions.
#Bitcoin-BTC #BitcoinWorld #BTC!đ° #BTCUSD #btc-
$BTC
The discrepancy between the price and the RSI indicator may indicate the risks of Bitcoinâs further slide towards the dynamic support at $38,000. This conclusion was reached by 10x Research, writes CoinDesk.
After the approval of spot Bitcoin ETFs, quotes fell by 5% to $42,600, confirming the classic âsell after the fact,â experts noted.
This was preceded by a rise to a two-year high near $49,000, which was not accompanied by similar dynamics in the 14-day RSI. The subsequent fall in price confirmed the bearish divergence, experts noted.
The MACD histogram dropped below zero, signaling a bearish momentum shift, analysts said.
Experts noted the impact on the price of capital flows from GBTC, which provides a 1.5% management fee, to competing instruments with more attractive conditions.
#Bitcoin-BTC #BitcoinWorld #BTC!đ° #BTCUSD #btc-
$BTC
