The best investing strategy is and will always be BUY and do absolutely NOTHING. You may hear stories of people trading their way to riches, but that only happens to less than 1% of people and my guess is their luck eventually begins to run out and they end up back where they started. People…
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On Thursday, the crypto asset aggregation portal Coingecko published the firm’s 2021 third-quarter report which shows a number of different findings. According to the study, for the most part, the crypto economy recovered from the market downturn in May as the top 30 market caps grew by 31% in Q3. The report shows that altcoins […]
Bitcoin has broken a new five-month high on Friday after breaking above $60,000. The digital asset had begun its ascent weeks prior at the beginning of October, a historically bullish month for cryptocurrencies. This rally has been mostly driven by rumors that the SEC is set to approve the first Bitcoin ETF in the United States. With news like this circulating in the market, traders have ramped up their activities in the market. The rumors have triggered massive buying activities in the market and this has led to the price rally we are currently witnessing in the market. Related Reading | Bitcoin Whales Accumulation Patterns Shows Strong Bullish Sentiment Among Top Holders Bitcoin has long been expected to break this price point but has encountered multiple roadblocks that have beaten the price back down. A significant point was the $52K market which the digital asset had broken back at the beginning of September. Expectations were that the asset would ride the wave up to $60K. However, a market crash had dragged the price back down towards the $40K price range. Buy The Rumor, Sell The News? Investors have been buying the rumor leading up to the SEC’s ETF decision. This has contributed greatly to the current rally. Order books are filled to the brim as investors, old and new, put more money into the market. BTC’s recent price gains have however raised questions with regards to the current market dynamics. Some have put forward that the market is responding to people buying the rumor. But that when the news of a bitcoin ETF approval arrives, investors who have been hoarding through the past couple of weeks will dump their bags as they sell the news. Related Reading | Why We Could See The First Approved U.S. Bitcoin ETF In October Concerns have been raised over this and investors are wary of the market dynamics. Nevertheless, others have said that this is only the beginning of the rally. If the market indicators are anything to go by, then the market will likely be riding out this bull to the first quarter of 2022. Bitcoin Price Movements Bitcoin has now touched above $60,000 for the second time on Friday. It had previously hit the price point but dip shortly after to the high $59K. The price had subsequently recovered above $60K, peaking at $60,351, according to TradingView. BTC price breaks above $60K for new five-month high | Source: BTCUSD on TradingView.com BTC is making great strides in recovery and has once again surpassed expectations for it. The market was expected to slide into a prolonged bear market but the asset has shaken off the bears. At this point, bitcoin is less than 10% away from a new all-time high. At the time of writing, BTC is trading a little below $60K at $59,919, with a total market cap of $1.129 trillion. The crypto market cap has not been left out of this recovery as the total market cap now sits at $2.45 trillion. Featured image from Pixabay, chart from TradingView.com
The settlement triggered concerns that the CFTC’s role in stablecoin regulation could be misunderstood by the public.
Would you be ready to make some difficult financial decisions in a few months after your investment potentially returns 10x what you initially put in? Is it actually safe sitting there wherever you've parked it? There are an incredible amount of scams out there especially when the crypto market is pumping up. Do you think…
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submitted by /u/inevitable_username [link] [comments]
It's been such a good year for alts that it seems like many newbies (and not so newbies) are starting to feel mad FOMO watching Bitcoin soar and get all the press while many alts are seemingly stagnant. This would be a good time to remind many that this is the natural progression that you…
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Luxury fashion accessories brand Jimmy Choo is pleased to announce its first step into the digital art and gaming conversation by introducing two NFT initiatives, in strategic partnership with UCOLLEX. As the final layer of the collaboration with New York artist, Eric Haze, Jimmy Choo will be launching a one-of-a-kind NFT for auction alongside 8,888 Mystery Boxes for purchase on the Binance NFT marketplace. The NFTs reinforce the theme of collectability that runs through the collaboration fusing art, fashion and street culture. On October 20th, an animated artwork featuring a digital version of the sneaker produced for the JIMMY CHOO / ERIC HAZE CURATED BY POGGY collaboration will be available to be bid on Binance NFT. The NFT features the sneaker rotating against a canvas of Haze’s signature script and only exists digitally. The auction’s highest bidder will not only hold the NFT but will also receive a limited-edition hand-painted pair of sneakers. The auction bidding will be hosted on the Binance NFT marketplace. All profits from the auction will be donated to The Jimmy Choo Foundation in support of Women for Women International, helping women survivors of war rebuild their lives. In addition to the auctioned NFT, Jimmy Choo will make available 8,888 Mystery Boxes for purchase. They will be divided into four tiers of scarcity: a single Jimmy Choo / Eric Haze LOVE 100 Glitter, 445 super-rare cards, 3,109 rare cards, and 5,333 neutral cards. Buyers will purchase without knowing which card they will get ahead of time. The Mystery Boxes will launch on October 20th on Binance NFT for 30 BUSD. Users who collect either the SSR or the SR from the Jimmy Choo Mystery Box will have the chance to receive a super rare, never-before-seen NFT design by Jimmy Choo, launching at a later date. NFTs, or non-fungible tokens, sit at the intersection of art, fashion and technology. They are unique pieces of digital data stored and protected via a shared online ledger and are minted as one of a kind, which gives them their value. The launch of the NFT is the final element of an ambitious multi-layered collaboration born from the blend of three creative visionaries, three global capitals and three distinct points-of-view bringing to life one iconic partnership. The JIMMY CHOO / ERIC HAZE CURATED BY POGGY collaboration fuses the unique creativity of the New York based artist and designer, Eric Haze, the Japanese fashion icon and guest style curator, Poggy and the brand’s London-based Creative Director, Sandra Choi. Sign Up here: https://row.jimmychoo.com/en_AU/eric-haze-poggy-nft.html The NFTs will be available to purchase here: https://www.binance.com/en/nft
