š Statistics of past halvings: āFirst Halving: Date: 29/11/2012Bitcoin Price: $12.25After halving, the price remained flat for 49 days before starting to rise again.First peak reached in April 2013 at $259 (21 times the price at halving).Second peak reached in November 2013 at $1,163 (94.9 times the price at halving). āSecond Halving: Date: 7/9/2016Bitcoin Price: $653After Halving, Bitcoin price remained flat for 4 weeks, then started to rise slowly until the beginning of May 2017 before increasing sharply.Peak reached in December 2017 at $19,666 (30 times the price at halving). āThird Halving: Date: 12/5/2020Bitcoin Price: $8,605After Halving, Bitcoin price remained flat for 161 days.First peak reached in April 2021 at $64,895.Second peak reached in November 2021 at $69,000 (8 times the price at halving). āFourth Halving: Date: 20/4/2024Bitcoin Price: $63,821 Prediction: Bitcoin price is expected to remain flat for 1-2 months before rising again.Prediction: Assuming the price increase after each halving cycle is less than 3 times the previous cycle, we get: 8:3=2.6 times. => $63,821 x 2.6 = $165,934.Using Fibonacci extension, we have thresholds of $120,000 and $180,000 => taking the midpoint between these two thresholds, we get a price of around $150,000. $BTC #BTCHALVING
āHong Kong's approval of Bitcoin and Ethereum spot ETF
So after much speculation, Hong Kong has officially approved proposals for Bitcoin and Ethereum spot ETF trading. In January 2024, the United States Securities and Exchange Commission (SEC) approved 11 Bitcoin spot ETFs, a decision hailed as historic for the crypto market as it facilitated institutional investor inflows. However, the green light for Ethereum spot ETFs in the US is still pending. Despite rumors suggesting SEC approval in May, the likelihood seems low as the SEC has remained silent on Ethereum spot ETF proposals. Hong Kong's approval of Bitcoin and Ethereum spot ETFs could trigger another growth spurt in the cryptocurrency market, eagerly anticipated by investors. US Bitcoin spot ETFs have played a crucial role in propelling BTC to all-time highs earlier this year, reaching $73,737 in early March, buoyed by increasing capital flows into Bitcoin spot ETFs. $BTC $ETH #BTCETFSPOT #ETH
ā Bitcoin Exchange Reserves Reach Lowest Level Since April 2018:
āKey points:
- BTC exchange reservesĀ have dropped toĀ ~2.3 million BTC, theĀ lowest level since April 2018. - Limited supply on OTC marketsĀ could lead to aĀ strong price surgeĀ if ETF funds buy BTC on centralized exchanges. - Prepare for potential volatility, as this situation could have a significant impact on the market.
ā Europe Bans Payments from Self-Custody Crypto Wallets:
āDecision:
- European Union (EU) passes law prohibiting payments from self-custody wallets (where users hold their own private keys). - Aim: To identify all individuals using cryptocurrency.
āRestrictions:
- Crypto payments can only be made through third-party companies such as exchanges. - Anonymous crypto payments from self-custody wallets are banned, including mobile, desktop, and web browser wallets.
āExceptions:
- The regulation does not affect buying, selling, or investing in crypto. - Users can still use self-custody wallets to store crypto.
āAdditional Regulation:
- Bans cash payments exceeding 10K euros.
āReason:
- EU aims to strengthen control over financial activities, combat money laundering and terrorist financing.
Impact:
The regulation may affect the use of crypto in daily payments.Users may switch to using licensed crypto payment services.
ā Bitcoin ETF Inflows Today: - Grayscale:Ā Sold approximately (-170) million today. - BlackRock:Ā Data not yet available, but other funds have seen inflows of approximately (+100) million today. - Net flow:Ā Currently negative (-70) million USD. If BlackRock's inflows exceed this amount, we will have at least one day of positive inflows. $BTC $ETH $BNB #Grayscale #BlackRock #Btc-halving
š There are 2 support zones for $BTC that we need to pay attention ā Note: - A support zone is a price level at which the price of an asset tends to stop falling and start rising again. - A support zone can be broken if the selling pressure is strong enough. - Identifying support zones can help investors make informed buying and selling decisions.
$SHIB Ā Investor Confidence Peaks: Whales Spend Billions For Trillions Of SHIBš„confidence in Shiba Inu has markedly surged, with high-net-worth investors, often referred to as whales, spending billions of dollars to acquire trillions of tokens, which underscored their strong belief in the potential rebound and long-term value of Shiba Inu, despite the current market challenges. IntoTheBlock, revealed a remarkable 602% increase in net flows from whales, indicating a strategic move by these large-scale investors to capitalize on the dip in anticipation of the Bitcoin Halving event. Last week marked a remarkable period for Shiba Inu, witnessing a jaw-dropping 3,220% increase in net flows from large holders, alongside an additional 9.94 trillion SHIB in the volume of large transactionsādefined as those exceedingĀ $10,000. A wallet made headlines by transferring 1 trillion SHIB, valued at approximatelyĀ $28.84 million, in a single transaction to the cryptocurrency trading platform #hotTrends #SHIBAā š
ā Following the halving event, Bitcoin miners' breakeven point increased from $23,000 to $43,000 USD, prompting them to explore various ways to stay afloat. Bitcoin mining is an energy-intensive process. Miners use specialized computers to validate transactions, create new blocks, and earn rewards in Bitcoin (BTC). However, the blockchain algorithm is designed so that every 210,000 new blocks created, the mining rewards halve. This algorithm is known as Bitcoin halving. It is estimated that this
š Why Did $RAY Price Increase Today? There are several possible reasons for the strong increase in RAY price today (March 16, 2023):
1. Raydium v2 Release: Raydium v2 is a major upgrade to the Raydium decentralized exchange (DEX), bringing many new features and performance improvements. The release of Raydium v2 may have attracted investor attention and led to RAY buying.
2. New Partnerships: Raydium has announced several new partnerships in recent times, including with the Solana Foundation and Serum. These partnerships could help Raydium expand its market share and attract more users, leading to an increase in RAY price.
3. Demand for Solana: Solana is a layer-1 blockchain that is gaining popularity. The increasing use of Solana could lead to higher demand for RAY, the utility token of the Raydium DEX.
4. Market Sentiment: The cryptocurrency market has been trending upwards recently. Positive market sentiment may have led to buying of RAY and other cryptocurrencies.
5. Updates and Events: Raydium has recently announced several new updates and events, including a new RAY staking program and an airdrop campaign. These updates and events may have attracted investor attention and led to RAY buying.
Notes:
- The cryptocurrency market is highly volatile. - Do your own research and analysis before investing in any coin. - There is no guarantee that the RAY price will continue to increase.
š Which coins will continue to increase in price after $SOL ? It is impossible to predict with certainty which coin will continue to surge after SOL's price increase. However, based on technical analysis and current market trends, some potential coins that could increase in price include:
1. #LTO (LTO Network): LTO is currently showing a strong upward trend with an increase of over 78% in the past 24 hours. LTO is a blockchain platform focused on simplifying business processes and smart contracts.
2. #CHZ (Chiliz): CHZ is the official token of Socios.com, a platform that allows fans to interact with their favorite sports teams. CHZ could continue to rise due to the growing popularity of Socios.com and related NFT projects.
3. #Reef (Reef Finance): REEF is a blockchain platform focused on providing interoperability and liquidity for DeFi projects. REEF could continue to rise due to the increasing demand for cross-chain DeFi solutions.
4. #PEOPLE (People): PEOPLE is the official token of the Web 3.0 social network People. PEOPLE could continue to rise due to the growing interest in decentralized social media platforms.
5. #KAVA (Kava): KAVA is a decentralized peer-to-peer lending and borrowing platform. KAVA could continue to rise due to the increasing demand for decentralized financial solutions.
Notes: - This list is not investment advice. - Please do your own research and analysis before investing in any coin. - The cryptocurrency market can be highly volatile, so always be cautious and manage your risk well.
In addition, you can consider some other factors to assess the potential price increase of coins, including:
- Technology and application potential:Ā Does the coin solve any real-world problems? - Development roadmap:Ā What are the development team's plans for the coin in the future? - Community and support:Ā What is the level of interest and participation in the coin from the community?
ā US prosecutors recommend 40-50 year prison sentence and $11 billion fine for Sam Bankman-Fried
Notes: - The 40-50 year sentence is a very high sentence for a cryptocurrency-related crime. - Sam Bankman-Fried can appeal the verdict. - This case is being closely watched by the cryptocurrency community.
Additional information: - The sentence was recommended by prosecutors in the Southern District of New York. - Bankman-Fried was convicted of eight counts of fraud and conspiracy in December 2023. - The charges stemmed from the collapse of the FTX cryptocurrency exchange, which Bankman-Fried founded and led. - The $11 billion fine is the largest ever sought by the US government in a cryptocurrency case.Bankman-Fried is scheduled to be sentenced on March 28, 2024. #SambankmanFried #hotTrends $BTC $FTT
Why is the $BNB increasing in price? 1. High demand for Binance services:
Binance is the largest cryptocurrency exchange in the world. The high demand for Binance services, such as trading, staking, and lending, leads to a high demand for BNB, the coin used to pay fees on the exchange. 2. BNB burning mechanism:
Binance regularly performs BNB burns, reducing the circulating supply and increasing the value of the coin. The most recent BNB burn took place on March 14, 2024, with over 2 million BNB burned, equivalent to $453 million. 3. Development of Binance Smart Chain:
BSC is an Ethereum-compatible blockchain that allows for the creation of smart contracts and development of decentralized applications (dApps). BSC attracts many new projects, driving the demand for BNB to pay for gas fees on the network. 4. Integration of BNB in other projects:
BNB is integrated into various other cryptocurrency projects, such as PancakeSwap, Venus Protocol, and Mdex. The use of BNB in these projects helps increase the demand and value of the coin. 5. High demand for cryptocurrency investment:
The overall demand for cryptocurrency investment is increasing, leading to price increases for many coins, including BNB. 6. Benefits for BNB holders:
Binance regularly holds Launchpool and Launchpad events. The demand for staking BNB to participate in Launchpool and Launchpad leads to an increase in BNB price. Follow me for useful updates every day. Thank you!! š¹ #hotTrends #bnb $BTC