Maybe alot of you arent familiar with this, but there was a theory that Binance was propping up liquidity in the crypto market when volume was waning on almost all metrics. Crypto twitter and on-chain sleuths were tracking movements of the wallet to time their trades and market amidst the “debanking” of crypto when liquidity…
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Litecoin (LTC) is still trending low like the rest of the cryptocurrency market but one thing that separates the altcoin from the others is its obvious bullish case. Unlike the rest of the market, Litecoin looks set for another rally which will likely be propelled forward by the next halving. Litecoin Halving Presents Bullish Scenario Just like Bitcoin, the Litecoin halving happens every four years and cuts block rewards by 50%. The aim of this halving is to reduce the amount of new supply flowing into the market. And as demand rises, there is less supply to meet this demand, thus leading to scarcity and a surge in prices. Related Reading: When Is A Token Coming For Coinbase’s Base L2? Here’s What The Roadmap Says The next Litecoin halving is now around the corner with only about three months left to go. This halving, like the ones before it, carries the same promise of a rally for the digital asset. The last halving in 2019 saw LTC’s price bottom out around $62 and then rally to a local peak of $80 in the same month. LTC halving will happen in August | Source: Nicehash If this year’s halving stays true to this trend, then the digital asset should be seeing some upside in the coming months. This could result in LTC clearing the $100 level once more as investors prep for the next leg-up. A 20% upside is attainable at this point, especially with the halving expected to happen in early August. So more than likely, the buyers will dominate the market for the next two months, leading to rising prices for Litecoin. LTC Outlook For 2023 Presently, the crypto market is seeing muted momentum as investors remain indecisive. For Litecoin, the upcoming halving remains a bullish event but the prospects for the months following the halving event do not look good given historical performances. Previous performance paint bull case for LTC | Source: LTCUSD on TradingView.com After each halving, LTC has seen a reversal in sentiment following the initial surge and the subsequent crashes have been more brutal than the uptrends. For example in 2019, LTC’s price crashed almost 50% in the month of September, one month after the halving was completed. This was because the bull market was yet to begin and the cryptocurrency fell back into lockstep with the rest of the market again. Related Reading: Elon Musk Reveals Reason Behind Dogecoin Investment, But Why Is DOGE Down? Going by this historical performance, it would seem the best time to take profits would be toward the end of August after the asset has rallied around 30%. The window of opportunity closes with the month of September which has historically been a bearish month for cryptocurrencies. At the time of writing, LTC is trading at $87.11, up 3.22% in the last day. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet… Featured image from iStock, chart from TradingView.com
Has anybody has any issues using Tornado Cash in Canada. AFAIK it is not banned here but only in the States. Appreciate any replies. submitted by /u/CoveredCalls69 [link] [comments]
submitted by /u/Status_Floor1746 [link] [comments]
Total Volume: 15.3278 ETH ($38,222.78 CAD) Reddit takes a 5% fee on all secondary market sales so they have earned 0.76639 ETH ($1,911.13 CAD). https://preview.redd.it/dt3a41c7ha2b1.jpg?width=948&format=pjpg&auto=webp&s=7da49cb28f7d88ec86b7bcea79a827a0c2e02d29 Quantity: Ninja Rabbid: 50,000 Knight Rabbid: 75,000 Raving Rabbid: 10,000 Traveler Rabbid: 10,000 Plunger Rabbid: 5,000 Unicorn Rabbid: 500 Floor Prices: Ninja Rabbid Floor Price: 0.36 MATIC Knight Rabbid Floor…
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Bitcoin’s (BTC) current sideways price action has left investors wondering what the future holds for the world’s largest cryptocurrency. The upcoming interest rate hikes by the Federal Reserve (Fed) may pose the next big challenge for Bitcoin, according to the crypto market analysis firm Blofin Academy. Related Reading: Arbitrum (ARB) Fallout: 70% Price Drop, But These Charts Reveal Its True Value Is Bitcoin Ready For The Heat Of Interest Rate Hikes? The US economy has shown considerable resilience in recent months, prompting the Fed to consider raising interest rates to prevent inflation. However, this could be bad news for the crypto market, as higher interest rates tend to make traditional investments more attractive, potentially leading to a decrease in demand for Bitcoin and other cryptocurrencies. The correlation between interest rates and Bitcoin’s price action has been observed in the past. When interest rates rise, investors tend to move their money into traditional investment vehicles such as stocks and bonds, leading to a decrease in demand for cryptocurrencies. However, it’s worth noting that Bitcoin has often been viewed as a hedge against inflation, which means that it could still hold some appeal for investors during times of economic uncertainty. The next scheduled Fed meeting is set to take place on June 14, 2023, where the central bank will likely discuss the possibility of raising interest rates in response to the current state of the US economy. Macro Determinants Leave Crypto Traders Waiting Noelle Acheson, owner of the “Crypto Is Macro Now” newsletter, has cautioned against investors piling into the crypto market at this time. While the upside potential for Bitcoin remains significant, Acheson suggests that there is currently no compelling reason for investors to take on additional risk. According to Acheson, there are few macro determinants at the moment, such as debt limit negotiations and Fed rate policy, which are leaving investors waiting for more clarity before making any major investment decisions. As a result, there is a sense of caution in the market as traders wait to see how these macro factors will play out. Despite the lack of clarity, Acheson notes that there is not much reason for existing crypto holders to sell their holdings. This suggests that the current wait-and-see period is not necessarily a sign of bearish sentiment in the market, but rather a period of caution as investors await more information. Acheson also notes that there may be some downside movement in the near term, but the belief in a potential rally is not strong enough to warrant the possibility of missing out on any potential gains. As a result, there has been some buying and selling in the market, but not enough to significantly increase volatility despite low volumes and liquidity. At the time of writing, Bitcoin is trading at $26,700, reflecting a 1.2% increase over the last 24 hours. However, the 50-day Moving Average (MA) has placed the largest cryptocurrency in a narrow range between $26,200 and $26,800. This means that Bitcoin may struggle to surpass its current trading range in the near term, as the 50-day MA is currently situated at the upper end of this range on the 1-hour chart, making it a challenging level to breach. While Bitcoin has experienced some upside movements in recent weeks, the current trading range suggests that further gains may be limited until there is a significant shift in market sentiment or the emergence of a bullish catalyst. Related Reading: Why This Signal Means Uniswap’s Bear Run Is Almost Over Featured image from iStock, chart from TradingView.com
On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000.
The executive appears to have now recovered his account.
submitted by /u/DonerTheBonerDonor [link] [comments]
The European Central Bank exercise looked at a variety of use cases, most of which were quite satisfactory, as well as the use of self-custodied wallets.
