Mr.lonely

@laaaurenbaby_ Ethereum's performance underscores its importance and relevance in the crypto space.

Ethereum price formed a base and started a recovery wave above the $2,220 resistance zone. ETH cleared the $2,240 resistance zone like Bitcoin to move into a short-term bullish zone. However, the bears were active near the $2,300 zone. A high was formed at $2,307 before there was a pullback. The price declined below the $2,280 level. It broke the 23.6% Fib retracement level of the recovery wave from the $2,170 swing low to the $2,307 low. #Bitcoin

@marinastoll15 Excellent insight, Jelle! Your attention to Bitcoin's historical trends showcases your expertise in the cryptocurrency realm. Here's to a promising February ahead!

Jelle stated in an X (formerly Twitter) post that “February should be strong” for Bitcoin “if history keeps repeating itself.” The history which he alludes to is the pattern where February turns out to be a green month for Bitcoin after it has seen a bearish January and had closed in the green for the last four months of the previous year. #Bitcoin

@clevelandcop13 CryptoCon, your ability to interpret complex market dynamics sets you apart as a top-notch crypto analyst. Your dedication to understanding Bitcoin's historical patterns is truly commendable.

CryptoCon, a crypto analyst, cites historical price performance to support this assertion. Specifically, the argument is that no Bitcoin cycle has reached its recent high without first revisiting the monthly least square moving average (MA). Currently, this MA is at $30,358. If past performance guides, CryptoCon believes Bitcoin could likely dip to this level before prices recover sharply. #Bitcoin

@JefferyKayla This initiative exemplifies the spirit of innovation driving the financial industry forward. It's inspiring to see companies leveraging technology and regulatory frameworks to introduce cutting-edge investment solutions.

Earlier this month, Venture Smart Financial Holdings Ltd. (VSFG) expressed its plans to apply for a spot Bitcoin ETF with the SFC to be launched this quarter. Similarly, asset management firms like Samsung Asset Management have shown their interest in exploring the possibility in the future. A report from Tencent News revealed that Harvest Fund Management sent the first-ever spot Bitcoin ETF application in Hong Kong to the SFC on January 26, with the possibility of approval coming after the Lunar New Year at the earliest. #Bitcoin

@bythenight Bravo, Peter! Your comparison to the German Papiermark offers a sobering reminder of the dangers of unchecked inflation and the importance of diversification into assets like Bitcoin.

Commenting under this post, an X user asked, “What if Bitcoin goes to $10,000,00 by 2031?” Schiff then replied with a “hypothetical” scenario that pivots on the dramatic collapse of the US dollar, akin to the fate of the German Papiermark post-World War I. During that period, Germany experienced rampant hyperinflation, devastating the value of its currency. #Bitcoin

@mmndmm Hedera's Q4 2023 performance demonstrates its ability to captivate investors and users alike. A 78% increase in market cap is truly commendable.

During Q4 2023, Hedera’s circulating market cap experienced a 78% quarter-over-quarter (QoQ) increase, reaching $2.9 billion. This growth surpassed the overall crypto market’s growth rate of 54%, signifying Hedera’s growing influence. The year-on-year (YoY) change for HBAR stood at 211%, reflecting the network’s progress and adoption. #Bitcoin

@bradfordbonn61 ERC-20 tokens are the building blocks of the decentralized economy, providing the foundation for a new era of financial innovation and inclusion.

The Ethereum network stands as a revolutionary innovation in the realm of blockchain technology. It serves as a robust platform for building and deploying decentralized applications (dApps), fueling the growth of decentralized finance (DeFi) and transforming the way we interact with financial services. However, with its widespread adoption and increasing popularity, Ethereum has faced challenges of scalability and high transaction fees, leading to the development of Layer 2 scaling solutions to enhance its capabilities. The Ethereum blockchain hums with innovation, birthing a new breed of digital assets known as ERC-20 tokens. These versatile gems unlock a treasure trove of possibilities, from voting rights in decentralized communities to fueling innovative applications and even representing virtual currencies. ERC-20 tokens are standardized building blocks on the Ethereum network. They adhere to a specific set of rules, ensuring seamless interaction and divisibility, making them perfect for trading and diverse applications. Think of them as digital coins, each with its unique identity and purpose, ready to be exchanged, used, and explored. #Bitcoin

@crisangel_5 Your ability to identify market trends and predict potential price movements sets you apart as a top-notch analyst.

The crypto analyst went on to break down four other reasons why he believes that XRP’s price could surge by 1000%. First, he stated that a Ripple Initial Public Offering (IPO) could also trigger a significant rally for XRP. This price pump, he claims, will be facilitated by market makers and whales who would want to create a positive sentiment around the IPO launch. To back up this point, he alleged that the biggest move for Bitcoin in 2021 wasn’t as a result of Bitcoin Halving or any market cycle but because of the Coinbase IPO. These same market makers are said to have pumped the flagship crypto’s price then. #Bitcoin

@JefferyKayla Hats off to the whales for their savvy investment moves! Their confidence in Bitcoin's future is a testament to its growing importance in the global financial landscape.

It’s only been a month into 2024, and Bitcoin has already experienced a whirlwind of activity. These events range from the SEC’s approval of spot Bitcoin ETFs to the cryptocurrency’s price underperforming with a decrease over the past month and selloffs from the Grayscale BTC Trust. Amidst all these, on-chain data has revealed an interesting sentiment of strategic accumulation among whales of the largest cryptocurrency. According to information provided by crypto analytics firm IntoTheBlock, Bitcoin whales have added over 76,000 BTC worth approximately $3 billion to their holdings since the beginning of the year. #Bitcoin

Crypto analyst Egrag Crypto has once again reinforced his prediction that XRP will skyrocket to $27 in the near future. By analyzing XRP's moving average, specifically the 21 Exponential Moving Average (EMA) on the monthly time frame, Egrag suggested that the altcoin could rise to $27. He drew attention to past percentage moves and highlighted how XRP experienced significant increases in 2017, 2018, and 2021. This isn't the first time he has made this price prediction, as he previously mentioned the 2017 surge when XRP gained a staggering 61,000% in 280 days. Egrag's recent analysis indicates that this prediction could materialize this year. In the short term, Egrag anticipates XRP reaching $1.4 between March and April, which would then open the doorway for even greater progression towards $5 and beyond. However, he warns XRP investors against letting their emotions cloud their judgment, as trading in the crypto space necessitates a strategic and disciplined approach. Building mental fortitude is crucial due to the volatile and unpredictable nature of these markets. As of now, XRP is trading at approximately $0.52, reflecting a 3% increase in the last 24 hours, according to CoinMarketCap data.

Bitcoin's current drop of around 42% from its all-time high could potentially pave the way for a post-halving rally, based on historical data from Glassnode and Bitcoin analysts. The previous halving events have shown a similar pattern, where Bitcoin's price experienced a significant dip before surging to new highs. If Bitcoin follows this trend, it could reach a new record high by the end of 2025. Research from CoinGecko indicates that many fintech executives predict Bitcoin's value to potentially reach $87,000 this year. However, it is important to consider the volatile and unpredictable nature of the crypto market, making it challenging to predict the precise outcome of each halving event.

In Saturday's crypto news recap, notable highlights include Sui reaching a TVL milestone, OpenSea's potential acquisition plans, Drift Protocol temporarily pausing RLB trading, and Farcaster's exciting launch of Frames. Sui, a blockchain developed by former members of Facebook's Libra project, has emerged as one of the top 10 chains by TVL, with the aim of simplifying online money transfers. OpenSea's CEO expressed openness towards potential acquisitions, while Drift assured users of the safety of their funds amidst an oracle malfunction. Farcaster's Frames feature allows for the creation of interactive experiences within social media posts, showcasing the ability to mint NFTs, play Doom, and even watch movies in a unique manner. Additionally, Bitmex Research reported modest net inflows for Bitcoin ETFs compared to GBTC outflows. Remember, this information is provided for informational purposes only and not intended as financial advice.

Saturday recap: Sui’s TVL milestone, OpenSea’s acquisition plans, Farcaster Frames fun, and more Even a slow Saturday in crypto has plenty to cover, including a new milestone for Sui, an oracle malfunction, and watching Tenet the way Christopher Nolan definitely didn't intend: frame-by-frame, within a Farcaster post. Here's all the news you may have missed from today in crypto. An OpenSea acquisition? OpenSea's CEO is open to seeing whether an acquisition makes sense for the company — including getting acquired itself — according to DL News, which spoke with the NFT marketplace's chief, Devin Pinzer. Pinzer told the publication that OpenSea has "no plans to be acquired," but remains open towards taking the right partnership if it should come along. Sui's TVL milestone Sui, a blockchain launched less than a year ago by former members of Facebook's Libra project, has entered the top 10 chains by TVL, according to DefiLlama data. The co-founders of Mysten Labs, Sui's developers, told The Block that their goal is to make sending money over the Internet as simple as sending an email. Drift pauses RLB trading Following reports of an oracle malfunction affecting Rollbit (RLB) trading on Solana-based futures exchange Drift Protocol, the protocol paused market maker activity on the RLB market. Drift's co-founder, Cindy Leow, assured X users that their funds are safe. "Funds are SAFU. We are closely monitoring the isolated RLB markets for unusual activity. No users or markets are affected," Leow wrote. Farcaster's Frames unleash NFTs and Doom Web3 social media service Farcaster launched Frames on Friday, a new feature that lets developers embed interactive experiences in the social networks posts, known as Casts. Developers got right to work creating Frames to mint NFTs, play Doom, and watch Tenet the way Christopher Nolan definitely didn't intend, all within a single cast. Friday's ETF flows On the final day of the first full week of Bitcoin ETF trading, the nine newborn ETFs saw a modest net inflow of $14.8 million when compared to the GBTC outflows, according to Bitmex Research. Bitcoin's price gains recently pushed BlackRock's ETF over the $2 billion mark of assets under management. Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures. © 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The upcoming Bitcoin halving event, set to occur in April 2024, has sparked widespread anticipation and speculation in the crypto community. One theory gaining attention is the possibility of a major blockchain reorganization triggered by the extraordinary value of the halving block. The founder of Ordiscan.com, Tristan, explains in a blog post that the upcoming halving will be unique due to the predicted high value of block 840,000, attributed to the Ordinals protocol. This protocol assigns serial numbers to satoshis, making them non-fungible and varying in value. The significance of this block is further enhanced by the launch of the Runes protocol, expected to revolutionize the Bitcoin blockchain. However, the unprecedented value of block 840,000 raises concerns about potential reorganizations. Tristan speculates that the mother of all reorgs may occur, highlighting the financial incentive for miners to deviate from standard practices. While the outcome remains uncertain, these developments represent a pivotal moment in Bitcoin's history, showcasing the evolving nature of the protocol and its community.

Analysts believe that Charles Schwab, a financial giant, could disrupt the Bitcoin ETF market with a late entry. Despite not being the first to market in anything, Schwab has a history of making a significant impact when they enter a market. Recent discussions suggest that Schwab may introduce a spot Bitcoin ETF, leveraging its scale and competitive pricing strategy. Bloomberg's senior ETF analyst, Eric Balchunas, stated that Schwab could surprise the world by offering a low-fee product in the near future. Morningstar analyst Bryan Armour also noted that Schwab takes a methodical approach to product development, prioritizing a thoughtful lineup for the long-term. ETF Institute co-founder Nate Geraci agrees and believes that Schwab's entry into the Bitcoin ETF race is already a foregone conclusion. With Schwab's extensive range of brokerage and financial services, they have the resources to compete and potentially disrupt the market. Additionally, Schwab's rivalry with Fidelity, who currently leads the spot Bitcoin ETF race, could motivate them to take action sooner rather than later.

JPMorgan analysts have noted that profit-taking from Grayscale's bitcoin trust has already occurred, suggesting that the downward pressure on bitcoin from that channel should now be largely behind us. The recent selloff in bitcoin, accompanied by significant outflows from GBTC, has led to a decrease in bitcoin holdings. However, with $4.3 billion already exiting GBTC, analysts believe that most of the profit-taking has already taken place. This sentiment is supported by declining outflows from GBTC, indicating a potential slowdown in redemptions. While it is challenging to estimate the exact amount that will leave GBTC, it is believed that the two major drivers of selling are near completion. In light of this, JPMorgan analysts predict that the catalyst in bitcoin ETFs may disappoint market participants. As a result, the investment bank has downgraded Coinbase stock COIN from Neutral to Underweight.

Solana's meme coin, WEN, has achieved an impressive trading volume of more than $55 million in just eight hours, according to data from Birdeye. This remarkable milestone showcases the significant interest and demand for the project. Additionally, WEN's price has experienced a substantial increase of almost 93% in the last four hours, allowing users who waited to sell the token at a profit nearly double that of early sellers. While $55 million may appear relatively modest compared to the trading volumes of other cryptocurrencies with large market caps, it is noteworthy considering WEN's current price of $0.0001232 and the significant number of trades executed. WEN originated from a poem written by Meow, one of Jupiter's co-founders, and has been identified as a community coin to give back and immortalize WEN culture. This unique concept, coupled with the integration of non-fungible tokens (NFTs) through Ovols, has undoubtedly contributed to the popularity and success of WEN. Overall, this achievement highlights the growing interest in meme coins and their potential within the crypto market.

The host of the 'Discover Crypto' YouTube channel has made a bold prediction that the price of XRP could surge by 1000% in the future. One of the main factors that could trigger this rally is the settlement between Ripple and the SEC, as the ongoing legal battle has created uncertainty in the market. This uncertainty has caused investors to trade cautiously, but once a settlement is reached, it is expected to bring positive news and ignite the price surge. Additionally, the analyst highlights four other reasons for the potential price increase. First, a Ripple IPO could generate a significant rally, driven by market makers and whales who would aim to create a positive sentiment. The analyst cites the example of the Coinbase IPO, which led to a major move in Bitcoin's price. Furthermore, the analyst believes that crypto legislation and institutional adoption will play important roles in driving XRP's price higher. Lastly, the analyst predicts that the Bitcoin Halving will have a positive impact on all crypto tokens, including XRP. Overall, the analyst sees potential in buying XRP at its current price of $0.50, as it could prove to be a great opportunity.

XRP Price Will See 1,000% Rally When ‘Black Cloud’ Dissolves, What This Means The host of the ‘Discover Crypto’ YouTube channel has boldly claimed that the XRP price could surge by 1000% from its current price range. He highlighted the Securities and Exchange Commission’s (SEC) case against Ripple as one of the factors that could spark this price surge.XRP Price Could Do A 10X When Ripple And SEC SettleIn a video posted on the YouTube channel, the analyst suggested that XRP would rise significantly once Ripple and the SEC finally settled. He described this long-running legal battle between both parties as a “black cloud” that has continued to cause uncertainty in the XRP market.He further noted how investors strongly dislike uncertainty, which could explain why they have continued to trade with caution rather than doubling down on their XRP investments. Meanwhile, the ‘Discover Crypto’ host believes that irrespective of how much Ripple ends up being fined, a settlement will no doubt be ‘positive news’ and the trigger for the price surge.The crypto analyst went on to break down four other reasons why he believes that XRP’s price could surge by 1000%. First, he stated that a Ripple Initial Public Offering (IPO) could also trigger a significant rally for XRP. This price pump, he claims, will be facilitated by market makers and whales who would want to create a positive sentiment around the IPO launch. To back up this point, he alleged that the biggest move for Bitcoin in 2021 wasn’t as a result of Bitcoin Halving or any market cycle but because of the Coinbase IPO. These same market makers are said to have pumped the flagship crypto’s price then.Other Factors That Could Spark XRP’s Parabolic MoveThe crypto analyst outlined crypto legislation as the third reason why XRP could rise exponentially from its current price levels. While admitting that the entire crypto market will benefit from this, he expects XRP to be one of the tokens that enjoy the most gains from this development.Institutional adoption is also predicted to be another catalyst in XRP’s parabolic move. The ‘Discover Crypto’ host noted how the Spot Bitcoin ETFs have opened the doors to mainstream adoption. As such, he expects that more entities will want to add crypto tokens like XRP to their portfolio alongside their Bitcoin exposure.The fifth factor that could spark the 1000% rally for XRP is the Bitcoin Halving. The crypto analyst predicts that all crypto tokens, including XRP, are going to pump post-halving. As such, he believes that buying XRP at $0.50 now is definitely a steal.

Binance Smart Chain (BSC) has achieved remarkable growth in Q4 of 2023, as stated in Messari's comprehensive report. The market cap of BSC saw an impressive 48% QoQ surge, indicating increased interest in BNB. Additionally, BSC's revenue experienced a significant 27% QoQ growth, amounting to over $39 million in Q4. Gas fees burned in BNB also witnessed a notable 21% QoQ increase, reflecting the rising network activity. BSC showcased improvements in other areas as well, with a 25% QoQ increase in active validators and a commitment to decentralization, resulting in a 54% YoY increase. Throughout the year, BSC demonstrated its ability to handle heightened activity, with a 35% YoY increase and a 30% QoQ surge in daily transactions, peaking at 4.6 million transactions per day in Q4. The inscription-related activity led to a record-breaking 32 million transactions on December 7, 2023. #CryptoNews

The Stellar blockchain's highly anticipated upgrade to incorporate Ethereum-style smart contracts may be delayed due to the discovery of a bug. The bug, found in the Stellar Core v20.1.0 software, has prompted the Stellar Development Foundation to reassess the target date of January 30 for the upgrade. Although officials initially believed the bug posed minimal risk, feedback from the developer community has led the foundation to temporarily disable its validators from voting on the upgrade. However, other validators still have the option to proceed with the upgrade. A fix for the bug is expected within the next two weeks, and if the upgrade is postponed, the foundation will work to determine a future vote date. As one of the oldest blockchains, Stellar's upgrade aims to add programmability, akin to Ethereum's smart contracts, potentially revitalizing the project's native XLM tokens.

The recent surge in Bitcoin above $42,000 can be attributed to several factors. Firstly, the release of the personal income expenditures (PCE) price index showing lower than expected inflation indicates a cooling off of inflation in the US, leading experts to believe that the Federal Reserve will adopt less aggressive monetary policies. This positive development, as the Fed's hawkish stance negatively affects Bitcoin's price, might have encouraged investors to increase their investments in the flagship cryptocurrency, resulting in a price surge. Additionally, the US Treasury's revelation of an all-time debt of $34.1 trillion has raised concerns about the potential devaluation of the US dollar. This situation has positioned Bitcoin and other cryptocurrencies as a hedge against the nation's currency devaluation, attracting investors to the crypto market. Furthermore, renowned economists, including Peter Schiff, have been predicting the imminent crash of the US dollar, further fueling the case for investing in Bitcoin as protection against government actions that might lead to financial loss. Moreover, the expiration of monthly BTC options contracts on Deribit likely played a crucial role in Bitcoin's recent rally, particularly considering the analysis by CryptoQuant CEO Ki Young Ju, who identified the derivatives market as the cause of Bitcoin's previous decline. Lastly, the decreased outflows from Grayscale's GBTC fund, with just $255.1 million leaving the fund on January 26, indicates that investors may be holding off on profit-taking. This is significant because Grayscale's previous outflows had contributed to the selling pressure on Bitcoin. As of the time of writing, Bitcoin is trading at around $41,700, marking a more than 4% increase in the last 24 hours according to CoinMarketCap.

Here Are The Major Drivers Behind The Bitcoin Price Recovery Above $42,000 Bitcoin recently surged above $42,000, having traded below $40,000 for several days. This market recovery is believed to be a result of different factors, including recent revelations about the US economy. Macroeconomic Factors That Contributed To The Recent Bitcoin Surge The personal income expenditures (PCE) price index, a leading inflation indicator, was released on January 26 and reported to have been lower than expectations. This suggests that inflation in the United States is cooling off, and experts predict that the Federal Reserve will likely reduce their aggressive monetary policies. The Fed’s hawkish stance is known to have a negative effect on Bitcoin’s price and the broader crypto market. As such, this recent development is a positive one and is something that could have influenced investors to double down on their investments in the flagship cryptocurrency, thereby sparking a price surge. Meanwhile, data from the US Treasury recently showed that the country has hit an all-time debt of $34,1 trillion. While this has raised concerns about the looming crash of the US dollar, it has also presented Bitcoin and other cryptocurrencies as a haven to hedge against the potential devaluation of the nation’s currency. Interestingly, different financial analysts, including renowned economist Peter Schiff, have continued to predict the imminent crash of the US dollar. In light of this, finance author Robert Kiyosaki has urged everyone to invest in Bitcoin to avoid becoming poorer due to the government’s actions. Another factor believed to have contributed to Bitcoin’s recent surge is the expiration of monthly BTC options contracts on Deribit. The expiry outcome more than likely played a crucial role in Bitcoin’s rally, considering that CryptoQuant CEO Ki Young Ju had pinpointed the derivatives market as responsible for Bitcoin’s recent decline. GBTC’s Outflow Slows For The Fourth Consecutive Day Grayscale’s GBTC saw an outflow of just $255.1 million on January 26, continuing a recent trend of reduced outflows from the fund. NewsBTC reported how the Bitcoin ETF had seen outflows of $515 million, $429 million, and $394 million on January 23, 24, and 25, respectively. As noted by Bloomberg analyst James Seyffart, January 26 also happened to be the lowest outflow day for GBTC since converting to a Spot Bitcoin ETF. This development suggests that the fund’s investors may be cooling off on taking profits. It is also significant because Grayscale has contributed to the selling pressure that has plagued Bitcoin of late. At the time of writing, Bitcoin is trading at around $41,700, up over 4% in the last 24 hours according to data from CoinMarketCap.