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Bitcoin is in its standard pre-halving retrace
Some analysts believe that Bitcoin is at the beginning of the pre-halving phase that historically follows a certain pattern. Similar to previous halvings, BTC’s price appears to be following the five phases of the Bitcoin halving.
The timing of the pre-halving drawdown comes 18 days before the expected Bitcoin halving date on April 20.
An social network post from crypto trader and independent analyst Rekt Capital suggested that the ongoing price action is part of a pre-halving retrace, which has
The timing of the pre-halving drawdown comes 18 days before the expected Bitcoin halving date on April 20.
An social network post from crypto trader and independent analyst Rekt Capital suggested that the ongoing price action is part of a pre-halving retrace, which has
The bulls are finding it difficult to push Bitcoin above $71,770, and today's correction proves that bears are not ready to let go.
The tight-range trading is likely to break out soon, but it is difficult to predict the direction of the breakout with certainty. If the price slumps below the 20-day EMA, the short-term traders may book profits, pulling the BTC/USDT pair to the 50-day SMA ($62,430).
On the other hand, if the price turns up and breaks above the $71,770 to $73,777 zone, it will signal the start of the next leg of the uptrend. The pair could then resume its march toward $80,000.
#binance #btc #bitcoin $BTC
The tight-range trading is likely to break out soon, but it is difficult to predict the direction of the breakout with certainty. If the price slumps below the 20-day EMA, the short-term traders may book profits, pulling the BTC/USDT pair to the 50-day SMA ($62,430).
On the other hand, if the price turns up and breaks above the $71,770 to $73,777 zone, it will signal the start of the next leg of the uptrend. The pair could then resume its march toward $80,000.
#binance #btc #bitcoin $BTC
BITCOIN 5% FLASH CRASH LEADS TO $165M IN LEVERAGED CRYPTO LIQUIDATIONS
Bitcoin's price drop of 5% erased $165 million in leveraged positions, with Bitcoin and Ether accounting for most losses. Bitcoin ETFs saw net outflows of $86 million, with Grayscale's GBTC contributing $302 million. Stablecoin Tether briefly depegged from the US dollar, dropping to $0.988.
#btc #bitcoin #Etfs $BTC
Bitcoin's price drop of 5% erased $165 million in leveraged positions, with Bitcoin and Ether accounting for most losses. Bitcoin ETFs saw net outflows of $86 million, with Grayscale's GBTC contributing $302 million. Stablecoin Tether briefly depegged from the US dollar, dropping to $0.988.
#btc #bitcoin #Etfs $BTC
Bitcoin ETF Cash Flow UPDATED
GrayScale continues to sell today for ~300 million USD, they really want to sell out within weeks at this rate
Currently the list only has statistics from ArkInvest (ARKB) and Franklin (EZBC), there are no statistics from large cash flows but the cash flow is about +206 million USD, there is a high possibility that today will be a day with large cash flows. positive money+
#btc #ETFbitcoin $BTC
GrayScale continues to sell today for ~300 million USD, they really want to sell out within weeks at this rate
Currently the list only has statistics from ArkInvest (ARKB) and Franklin (EZBC), there are no statistics from large cash flows but the cash flow is about +206 million USD, there is a high possibility that today will be a day with large cash flows. positive money+
#btc #ETFbitcoin $BTC
Why is Litecoin price up today?
Litecoin's recent price surge follows a significant increase in supply and rising hash rate, despite a generally sluggish crypto market. This surge is partly due to the reintroduction of previously dormant coins into circulation and anticipation of Coinbase's Litecoin futures launch. Additionally, Litecoin's network health is robust, with miners showing confidence ahead of Bitcoin's halving event. Technical analysis suggests further growth potential, with key indicators supporting bullish sentiment.#btc #Litecoin #ltc #halving2024 $LTC
Litecoin's recent price surge follows a significant increase in supply and rising hash rate, despite a generally sluggish crypto market. This surge is partly due to the reintroduction of previously dormant coins into circulation and anticipation of Coinbase's Litecoin futures launch. Additionally, Litecoin's network health is robust, with miners showing confidence ahead of Bitcoin's halving event. Technical analysis suggests further growth potential, with key indicators supporting bullish sentiment.#btc #Litecoin #ltc #halving2024 $LTC
‘Ripple is well-positioned to pay a significant civil penalty,‘ says SEC
The SEC's proposed $1.95 billion fines and penalties for Ripple indicate a need for stronger incentives to halt its legal violations, rather than treating penalties as merely a cost of business. In contrast to Ripple's executives' assertions, the SEC emphasizes Ripple's defiance of the law, particularly its continued sale of XRP despite warnings. The SEC's proposal, outlined in a filing on March 25 in a New York district court, includes disgorgement, prejudgment interest, and a civil penalty totaling roughly $1.95 billion. The regulator deems these penalties appropriate due to Ripple's significant unregistered sales of XRP over the past three years, emphasizing the need for deterrence and ensuring penalties are more than just a business expense for securities law violators, as established by the Second Circuit.
#sec #Ripple #xrp #Bitcoin(BTC) #Binance $XRP
The SEC's proposed $1.95 billion fines and penalties for Ripple indicate a need for stronger incentives to halt its legal violations, rather than treating penalties as merely a cost of business. In contrast to Ripple's executives' assertions, the SEC emphasizes Ripple's defiance of the law, particularly its continued sale of XRP despite warnings. The SEC's proposal, outlined in a filing on March 25 in a New York district court, includes disgorgement, prejudgment interest, and a civil penalty totaling roughly $1.95 billion. The regulator deems these penalties appropriate due to Ripple's significant unregistered sales of XRP over the past three years, emphasizing the need for deterrence and ensuring penalties are more than just a business expense for securities law violators, as established by the Second Circuit.
#sec #Ripple #xrp #Bitcoin(BTC) #Binance $XRP
Bitcoin ETFs see $15M comeback as BTC price taps best close in 10 days
An uptick during the first Wall Street trading session offered a change of tone for BTC price strength, which gained up to $4,600 on the day. BTC price strength continues to enjoy a flash turnaround this week as analysis says Bitcoin ETF bid interest is 'back' Bitcoin closed above $69,000 on March 25 as bulls reclaimed a key resistance zone. 'After 5 consecutive outflow days, Bitcoin spot ETFs saw +$15.4M USD flow in on Monday. Commenting on the latest market events, financial commentator Tedtalksmacro noted that the United States spot Bitcoin exchange-traded funds (ETFs) had returned to net inflows.
$BTC
#binance #btc #bitcoin
An uptick during the first Wall Street trading session offered a change of tone for BTC price strength, which gained up to $4,600 on the day. BTC price strength continues to enjoy a flash turnaround this week as analysis says Bitcoin ETF bid interest is 'back' Bitcoin closed above $69,000 on March 25 as bulls reclaimed a key resistance zone. 'After 5 consecutive outflow days, Bitcoin spot ETFs saw +$15.4M USD flow in on Monday. Commenting on the latest market events, financial commentator Tedtalksmacro noted that the United States spot Bitcoin exchange-traded funds (ETFs) had returned to net inflows.
$BTC
#binance #btc #bitcoin
The Philippine SEC stated that it will continue to block Binance and block citizens’ access to Binance’s main website and related platforms, saying that Binance is a threat to the security of the Philippines
#binance #Philippines
#binance #Philippines
Is Bitcoin’s pre-halving retrace over? 52K BTC accumulated on Sunday alone
Bitcoin (BTC) prices surged back to $71,000 in late trading on March 25th after a significant accumulation period. Blockchain analytics firm Santiment reported a massive accumulation by key stakeholders, with wallets holding between 10 and 10,000 coins accumulating 51,959 BTC, worth around $3.4 billion. This amounted to 0.263% of the entire available supply being accumulated in one day. Analysts were initially concerned about a larger pre-halving retrace, but BTC only fell around 17% from its all-time high of $73,738 on March 14th, reaching $61,494 on March 20th. Technical analyst 'Rekt Capital' noted that if this marks the end of the pre-halving retrace, BTC's movement almost mirrors the 2020 pre-halving retrace. Despite market volatility and a dip, BTC was trading up 5.2% at $70,252 at the time of reporting, after hitting an intraday high of $71,000.
#having #Bitcoin(BTC) #Bitcoin $BTC
Bitcoin (BTC) prices surged back to $71,000 in late trading on March 25th after a significant accumulation period. Blockchain analytics firm Santiment reported a massive accumulation by key stakeholders, with wallets holding between 10 and 10,000 coins accumulating 51,959 BTC, worth around $3.4 billion. This amounted to 0.263% of the entire available supply being accumulated in one day. Analysts were initially concerned about a larger pre-halving retrace, but BTC only fell around 17% from its all-time high of $73,738 on March 14th, reaching $61,494 on March 20th. Technical analyst 'Rekt Capital' noted that if this marks the end of the pre-halving retrace, BTC's movement almost mirrors the 2020 pre-halving retrace. Despite market volatility and a dip, BTC was trading up 5.2% at $70,252 at the time of reporting, after hitting an intraday high of $71,000.
#having #Bitcoin(BTC) #Bitcoin $BTC
Prices of meme tokens, such as cat-themed $TOSHI, $TYBG, $NORMIE and $BRETT, have risen as much as 1,300% as Base blockchain’s TVL nears the $1 billion mark.
Ton blockchain is about to accelerate?
Once a fallen child of Telegram, #Ton blockchain was fully received and supported by the family.
Products from the Ton ecosystem can be used directly on Telegram.
Once a fallen child of Telegram, #Ton blockchain was fully received and supported by the family.
Products from the Ton ecosystem can be used directly on Telegram.