I’ve been into crypto for a 3+ years and no many people around me knows about my investments. Only my family and a few workmates and close friends who I tried to explain the concepts about crypto and blockchain a couple times with the only aim to expand their awareness and knowledge. Some of the…
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Not trying to get political or anything, it's just really worrying when the government can just freeze your assets, your money whenever they will it. I don't believe that should be an option for anyone to be able to do and it holds too much undeserved power over the people. Storing a password well or…
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The rules were intended to “support public confidence in the impartiality and integrity of the Committee’s work by guarding against even the appearance of any conflict of interest.”
Patience is so important. Most people in crypto are looking for a fast way to get financial freedom and that does happen but it’s all about timing. Bitcoin can go up 1000% in just a year but before that it’ll be slowly decreasing 10% every other week. The key is to be patient. Keep DCAing…
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As the Bitcoin price declines to $40k, on-chain data shows long-term holders have harvested some profits recently. Bitcoin Long-Term Holder SOPR Shows Some Spikes Recently As pointed out by an analyst in a CrypoQuant post, some BTC long-term holders seem to have participated in profit taking over the past day. The relevant indicator here is the spent output profit ratio (or the SOPR in brief), which tells us about the profit ratio of the whole Bitcoin market. The metric works by checking the past history of each coin being sold on the chain to see what price it was moved at before. If this previous price was less than the current one, then the coin moved at a profit. Similarly, if the current price is higher, then the investor sold this coin at a loss. When the value of the SOPR is above one, it means investors are, on average, selling at a profit right now. Related Reading | Bitcoin Sentiment Reaches Local High, But Can’t Shake Recent Fear On the other hand, when the indicator’s value is less than one, it implies investors are selling at a loss overall at the moment. SOPR value exactly equal to one naturally means the market is just breaking even right now. A version of this Bitcoin indicator takes into account only those coins that hadn’t moved for at least 155 days before being sold. This supply belongs to the long-term holders, and the metric is called LTH SOPR. The below chart shows the trend in the BTC LTH SOPR over the course of the month so far: The indicator’s value seems to have spiked up recently | Source: CryptoQuant The quant has marked the especially large spikes of the Bitcoin LTH SOPR in the above graph. At those points, the long-term holders look to have harvested some profits. Such a trend has often been bearish, as can be seen in the chart that the price struggled following these large spikes. Related Reading | Here Are Two Scenarios For Bitcoin A Month Prior To FED Announcing Possible Interest Rate Hike So, it’s not surprising that the price of the crypto crashed down to $40k shortly after the latest spike in the indicator. BTC Price At the time of writing, Bitcoin’s price floats around $40.3k, down 7% in the last seven days. Over the past month, the crypto has lost 5% in value. Below is a chart that shows the trend in the price of the coin over the last five days. BTC’s price seems to have plunged down over the past twenty-four hours | Source: BTCUSD on TradingView Just a couple of days back, the price of Bitcoin seemed to be approaching another retest of $45k, but over the past day, the price has fallen down hard to $40k instead. Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com
Cynthia Lummis, the U.S. Republican senator from Wyoming, believes the Federal Reserve should consider holding bitcoin on its balance sheet. Speaking on the Orrin G. Hatch Foundation’s crypto webinar panel, Lummis said that once a regulatory policy is in place it “will make a lot of sense.” Former Federal Reserve Vice Chairman Believes Crypto Perspectives […]
You most likely read the top post on this sub, that the CEO of Kraken warns people not to hold their coins on an exchange, even though it might hurt his own company. This is just one of many reasons why Kraken is my favorite exchange. Customer Support > Marketing Compared to many big exchanges,…
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Solana, terra and avalanche were all lower on Friday, as market uncertainty impacted all major cryptocurrencies. This came as several of the big ten all fell into multi-week lows versus the U.S. dollar. Biggest gainers With markets mainly in the red on Friday, finding a bull was no mean feat, however, there were some exceptions […]
Please. It does not make any sense. Everything today seem bullish. Is it something about Warren Buffer or perhaps John Cena, or Elon musk tweeted something? It does not mean that it is a bullish sign so we really need to stop. Looks like we will say anything today is "bullish" when it is not.…
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As the Ukraine crisis worsens, Bitcoin and other cryptocurrencies are trading lower. The crypto market went down after the news broke that Russia had expelled USA Deputy Chief of Diplomatic Mission Bart Gorman following an escalation with Ukraine President Petro Poroshenko over fears for his safety.” On February 17th after President Biden reiterated that an invasion by Russia is “very excessive,” many investors took fright. They are afraid of what could potentially happen if this situation isn’t resolved soon enough. Tradingview information reveals that bears are offensive as Bitcoin sinks to new lows. Bulls have regrouped and tried everything from preventing selling via buy orders, but it doesn’t seem like they’ll be able to stop this lousy trend any time soon. In the afternoon, trading began again with increased overall stress within the crypto market. Prices dropped by over $2,000, bringing Bitcoin close enough to touch the $40,000. Related Reading | Bitcoin Dives To $40K, What Could Trigger More Downsides With each passing day, analysts agree that the bullish case for a greater transfer continues to dwindle. The elements are weighing on the crypto market mount, and it seems like an uphill battle trying desperately not to let them get down. Experts Reviews On Crypto If you’re looking for a way to invest in the Ukraine-Russia tension, now is your time. David Lifchitz from ExoAlpha says that investors should buy cheap stocks before more news about what might happen next between these two countries. Lifchitz advised that the current Ukraine-Russia saga is taking up all of our attention and hurting us internationally, but it’s important not to ignore inflation. Related Reading | How Fears Of A Possible Russian Invasion Of Ukraine Is Impacting Bitcoin Lifchitz notes that the inflation/charges situation may last several months, but it will likely hit more in time and on an expanded scale. Lifchitz explained; Bitcoin is simply pulling again into its $30,000 to $50,000 vary for now as we stay in a merchants’ market. So except there is an important break under $33,000 or above $48,000, the swing buying and selling will proceed, and altcoins will observe the transfer, with simply extra amplitude. Many people believe that Bitcoin will eventually fail. There’s also an equal amount of knowledgeable investors and specialists with promising forecasts for its future. One person, in particular, is “IncomeSharks,” a market analyst on Twitter known for providing entertaining perspectives about crypto-asset investments. His most recent words; With every thing that has occurred through the years how will you not be bullish figuring out #Bitcoin remains to be value over $40,000? It continues to be value extra virtually each single yr because it’s inception. It is a stronger asset than folks give credit score. The overall value of all cryptocurrencies now stands at $1.85 trillion, and Bitcoin’s dominance price has fallen to 41%.
