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As we wait for the next bull run, it's crucial to analyze recent developments and their potential impact. The decline in Bitcoin (BTC) and Ether (ETH) prices at the beginning of the trading week in Asia signals a period of adjustment and recalibration. The significant liquidations of token-tracked futures, particularly the $95 million in long positions, indicate a shift in sentiment. Investors should closely monitor these movements, as they often offer valuable insights into market trends and investor behavior. Despite challenges such as the recent Ledger hack raising concerns about wallet security, the broader market appears resilient. Factors like potential rate cuts and the growing interest in Bitcoin, driven by ordinals, contribute to the market's overall stability. End-of-year predictions for 2024-2025 remain optimistic, with projections such as Woo Network's $75,000 BTC price point for early 2024. Similarly, Bitwise anticipates Bitcoin trading above $80,000. The expected approval of spot Bitcoin ETFs and Coinbase's predicted revenue doubling contribute to positive sentiment. The spike in gas fees on Ethereum and other layer-1 chains, including Avalanche, is a consequence of the influx of new meme coins. This emphasizes the importance of monitoring gas fees and transaction costs, as they can impact the overall usability and attractiveness of different blockchain platforms. My advice to investors is to remain vigilant and adaptable in response to market fluctuations. Diversification and a keen understanding of emerging trends, such as the rise of meme coins and their impact on gas fees, can be key elements in making informed investment decisions. Read more on ByTrade at: https://lnkd.in/eg7UM6p3 #Cryptocurrency #Bitcoin #Ether #MarketAnalysis #Blockchain #Investing #CryptoTrends #ExpertOpinion #FinancialMarkets #DigitalAssets #CryptoWriter

🚀 Exciting developments in the crypto world! As market dynamics shift and Bitcoin shows resilience amidst changing sell pressure in Germany, it's a crucial reminder of the vibrant and ever-evolving nature of cryptocurrencies. This scenario highlights the importance of staying informed and agile in our investments and interests in the digital economy. At Token Momma, we're committed to keeping you updated with the latest trends and insights from the crypto space. Understanding these market movements is key to navigating the complexities of cryptocurrencies and making informed decisions. Let’s continue to learn and grow together in this fascinating journey into the world of digital finance. Dive deeper into what these changes mean for your crypto strategy with us. Remember, knowledge is not just power; it's security and opportunity! #CryptoNews #BitcoinUpdate #DigitalEconomy #CryptoEducation #InvestSmart #TokenMomma 🌐🔍 https://lnkd.in/end2xs4H

Let's Talk About #Memecoins 🐕 I'm excited to share my recent opinion piece published in DailyCoin. Here are the key takeaways: ETFs priced out retail investors and drove them to memes - Data suggests Bitcoin ETFs pushed prices to new highs too quickly, making #Bitcoin less accessible for retail investors. As a result, its highly likely many turned to memecoins as a more risky but high-reward alternative. Market Corrections Matter More - Market corrections are now more crucial than ever. With $41 billion flowing into meme coins, these corrections provide opportunities to redirect capital back into Bitcoin and other major #altcoins. Crypto Marketing Must Innovate- The rise in meme coin popularity shows a shift in investor sentiment, emphasizing the need for traditional #cryptocurrency to adapt and offer more compelling value propositions. Thank you DailyCoin, for the post. Read the full article 👇

Profit Ready? When is the next Significant Potential Bitcoin BUY Signal? Sure prices are down last two weeks (approx. 10%) but it's not enough of a profit BUY signal! Based on the historical price data provided, it's not possible to predict with certainty when the next fall in Bitcoin's price will occur. Bitcoin's price is highly volatile and influenced by numerous factors, making precise predictions challenging. However, I can provide some insights based on the historical patterns and current information: 1. Bitcoin's price has shown cyclical behavior, with periods of rapid growth followed by significant corrections[1][2]. These cycles are not regular or predictable, but they have been a recurring feature of Bitcoin's price history. 2. As of June 27, 2024, the most recent Bitcoin price data shows a value of $61,604.80. This indicates that Bitcoin is currently in a relatively high price range compared to its historical values. 3. Historically, Bitcoin has experienced price corrections after reaching new all-time highs[1][2]. However, the timing and magnitude of these corrections vary greatly. 4. The introduction of Bitcoin ETFs in January 2024 has influenced Bitcoin's price, potentially creating new dynamics in the market[1]. 5. External factors such as regulatory changes, macroeconomic conditions, and technological developments can trigger price movements in either direction[1][2]. Citations: [1] https://lnkd.in/g6bPjbQq [2] https://lnkd.in/gUMCcdaz [3] https://lnkd.in/gK-mD_mq [4] https://lnkd.in/gspwadUi [5] https://lnkd.in/gyNajb-t #bitcoin #HODL #timetoprofit

💡 The Bitcoin Halving: With Bitcoin hitting new highs and excitement mounting for the upcoming halving next month, speculation continues about Bitcoin's market movements. Supporters of a post-halving uptrend point to factors like the stock-to-flow scarcity metric, which will substantially exceed that of gold post-halving, potentially causing a demand shock, while historical data shows Bitcoin’s value increasing after every halving event. 📈 Others highlight a limited impact and even potential downside risks, citing the dominance of other market forces now excerting their influence on the market. Read more about the Bitcoin halving's impact here: 👉 https://lnkd.in/eJWkHi2n #bitcoin #thehalving #btc

Bitcoin Futures Frenzy Fizzles Out As Price Plunges Below $26,000 The crypto market has lost its sparkle l... #bitcoinBTC #BitcoinAnalysis #BitcoinFutures #bitcoinnews #BitcoinOpeninterest #BitcoinPrice #cryptosens #Market https://lnkd.in/d4ArcwtB https://lnkd.in/dhurXyEu

https://lnkd.in/d4ndBPqh Exciting news for cryptocurrency enthusiasts! According to the latest QCP report, traders are betting on Bitcoin's rally to continue, with a potential next stop at $100K! After a remarkable surge in recent months, Bitcoin's momentum shows no signs of slowing down. The report highlights a significant increase in long positions, indicating a bullish sentiment among traders. What's driving this optimism? Some point to increased adoption, improved infrastructure, and a favorable macroeconomic environment. While the cryptocurrency market is known for its volatility, one thing is clear: Bitcoin's resilience and growth have made it a force to be reckoned with. What are your thoughts on Bitcoin's future? Will it reach $100K or beyond? Share your insights in the comments! #Bitcoin #cryptocurrency #QCPreport #marketanalysis #trading #investment

Bitcoin Hits New Highs Before Pulling Back Bitcoin reached a record high of $72,968 on Tuesday, marking its third peak in five days. However, it pulled back below $70,000 as traders took profits. Record Inflows Boost Crypto AssetsCr According to a report from CoinShares, $2.7 billion flowed into crypto assets last week, with the majority going to Bitcoin. #Bitcoin #BitcoinETFs #BitcoinFutures #cryptoassets #cryptomarket #Cryptocurrency #halvingevent #InstitutionalAdoption #MarketAnalysis #Trading

CRYPTO'S $800 BILLION RALLY WIDENS BEYOND RECORD-SETTING BITCOIN Bloomberg: Smaller tokens have begun to outperform market leader Bitcoin These digital assets remain some way off their historic peaks Smaller cryptocurrencies are starting to pull ahead of record-setting Bitcoin as traders bet the tokens are next in line to test all-time peaks. An index tracking the bottom half of the largest 100 digital assets is up about 60% over the past month, beating the 56% advance in Bitcoin. During the same period, the overall value of tokens jumped by more than $800 billion, according to data tracker CoinGecko Market observers contend there are growing such signs of speculators rotating away from the largest digital asset into smaller rivals that have lagged in the Bitcoin-led crypto recovery that began last year. “Our desk has been seeing strong flows and more excitement on non-Bitcoin assets recently,” said David Lawant, head of research at crypto prime broker FalconX. At one point five times as much investment was flowing into Bitcoin compared with second-ranked Ether but that has dropped to two times, he said. 🛡️ Bitcoin Dominance Coins like Ether remain some way off hitting all-time highs, a reflection of the intense focus on Bitcoin amid the launch of landmark US exchange-traded funds for the token as well as an upcoming reduction in its supply growth. “Bitcoin’s market dominance typically tops out in the weeks following an all-time high breakout,” Vetle Lunde, a senior analyst at K33 Research, wrote in a note. He added that ramped-up bets on altcoins are a typical feature of an “all gas, no brakes stage of the market.” Frothy wagers on Bitcoin have washed across the derivatives sector, evidenced by metrics such as elevated costs for perpetual futures and unprecedented levels of open interest — or outstanding contracts — at Chicago-based CME Group’s Bitcoin futures market. ⚔️ Futures Appetite That too is a positive backdrop for smaller digital assets, according to Jag Kooner, head of derivatives at crypto exchange Bitfinex. “It’s anticipated that the surge in open interest will eventually redistribute toward altcoins as the market’s focus shifts away from Bitcoin, further out on the risk curve toward meme tokens, which accounted for a third of the volume on major exchanges last week,” Kooner wrote in a note. Meme coins Shiba Inu, Floki, dogwifhat, Pepe and Bonk sat atop the seven-day performance charts at CoinGecko, with gains of about 150% or more as of 9:20 a.m. Wednesday in London. Bitcoin changed hands at $67,250, a little shy of the record $69,192 reached on Tuesday in US trading. While crypto veterans might rationalize the meme trend as part of the pivot beyond Bitcoin, others could well see it as mindless speculation. https://lnkd.in/gREzbUCE #btc #metaverse #fashion #investment

Swick shared nuanced insight into the cyclical nature of bitcoin’s price movements, especially in relation to anticipated halving events. Swick described a pattern where hype builds up leading to such an event, followed by a phase of disillusionment, only for interest and excitement to pick back up. Drawing parallels with the reception of recently-approved spot bitcoin exchange-traded funds (ETFs), he outlined a scenario where similar dynamics could play out around the halving. His personal price forecast for the upcoming bitcoin halving cycle ranges from $90,000 to $120,000, hinging on the cryptocurrency’s ability to breach the formidable $100,000 barrier, which he believes could lead to higher valuations.