The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.
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#Analytics #BTC #CRV
πͺ BTC/#USDT
Closest levels: 66,670 - 66,312 - 65,857 and 64,602. The support zone is identified by the market as 56,554 - 73,766.
Based on historical data, it is possible to predict how much #Bitcoin and #altcoins will fall. Therefore, it is worth considering altcoins as trading instruments.
π CRV/USDT
Good consolidation zone with a support level at 0.3597 with three tests. The historical low is 0.3280.
Be cautious of ideologically driven trades. In the current market, the strategy "broke the level β fixed the profit" is more appropriate.
this is not a trading recommendation
Closest levels: 66,670 - 66,312 - 65,857 and 64,602. The support zone is identified by the market as 56,554 - 73,766.
Based on historical data, it is possible to predict how much #Bitcoin and #altcoins will fall. Therefore, it is worth considering altcoins as trading instruments.
Good consolidation zone with a support level at 0.3597 with three tests. The historical low is 0.3280.
Be cautious of ideologically driven trades. In the current market, the strategy "broke the level β fixed the profit" is more appropriate.
this is not a trading recommendation
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We are pleased to announce that KickEX has received a brokerage license from the state of El Salvador, thus significantly expanding the range of features on our platform. As an official #Bitcoin service provider, we can offer you even more valuable services.
Hereβs what the license enables:
This important achievement opens up great prospects for growth and innovation. Additionally, our team plans to obtain licenses for working with #Ethereum (#ETH), #Tether (#USDT), and other assets. Read more about this on our official blog and stay tuned for further updates!
Sincerely,
The KickEX Team
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The presidential candidate made this statement after meeting with representatives of the mining industry. Among other things, the convicted felon promised to defend the interests of miners if he wins the election and emphasized the importance of mining for ensuring the stability of the US energy system.
Apparently, Trump's new border wall will be built from ASICs
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#Bitcoin reacted with a decline, losing the gains observed since the beginning of the day, and long positions in #BTC were liquidated for more than $10 million.
If you want to learn more about how and why the key interest rate affects digital gold, leave a π₯ under the post, and we will prepare a special report for you.
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#Analytics
πͺ Experts believe that #Bitcoin is in its longest consolidation period and predict an explosive growth once it breaks out of this range
In previous cycles, consolidation periods were shorter but still led to all-time highs in the value of #BTCπ
In previous cycles, consolidation periods were shorter but still led to all-time highs in the value of #BTC
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Do you agree with this, and do you see any other reasons for the recent drop in the price of digital gold?
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The falling price of #BTC is forcing more panic-prone market participants to sell, which could lead to a price below $60,000 per coin
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The 58970 zone is a strong support level for buyers.
Buy #BTC/#USDT in the range of 58000 - 61000.
Targets: Close 80% of the position at 64700 - 66100. Set a stop order at breakeven for the remaining 20%, aiming for a breakout of the ATH at 73946.
this is not a trading recommendation
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#Opinion
π― Analysts from #SpotOnChain believe that Wall Street traders are making a classic mistake
By analyzing the 30-day flow dynamics into spot #bitcoin-#ETFs, experts concluded that Wall Street is buying #BTC at its peaks and selling at its lows.
Good for them! Selling low means that you bought it highπ
By analyzing the 30-day flow dynamics into spot #bitcoin-#ETFs, experts concluded that Wall Street is buying #BTC at its peaks and selling at its lows.
Good for them! Selling low means that you bought it high
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#Opinion
πΌ #RobertKiyosaki has joined the #crypto brotherhood and predicts the collapse of the #dollar
It seems that the bestselling author on passive income has fully transitioned to the topic of crypto in his statements. This time, he called #Bitcoin money based on rules, while dollars are fake and debt money that make people poorer.
According to Robert, he already has 30 #BTC, and he continues to buy them every month, anticipating an imminent bull run π
Weβre looking forward to his new book, "Rich Dad Crypto Dad."
It seems that the bestselling author on passive income has fully transitioned to the topic of crypto in his statements. This time, he called #Bitcoin money based on rules, while dollars are fake and debt money that make people poorer.
According to Robert, he already has 30 #BTC, and he continues to buy them every month, anticipating an imminent bull run π
Weβre looking forward to his new book, "Rich Dad Crypto Dad."
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Analysts from #CryptoCon have noticed a connection between the index value and the price of #BTC. When the indicator approaches the fear mark at 30, it indicates a price bottom for the asset. According to experts, this could be a signal for long-term investors to enter the market.
Currently, the Fear and Greed Index is at 40 and still in the fear zone
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Since May, the computing power in the #bitcoin network has decreased by 30%, and miners continue to shut down equipment after the halving to avoid operating at a loss.
Currently, mining profits can only be generated by new generations of ASICs with high energy efficiency and those installed in locations with favorable electricity rates.
Pressure on miners might cease after the rise of bitcoin to $75,000, which could subsequently lead to even greater growth, as farm owners will stop selling their coin reserves to cover losses.
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