Wall Street Is on a Bull Run—It’s Nothing Compared to Bitcoin
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Upon the cryptic charts they gazed, In shadows deep, where trends amazed, A double top in Bitcoin's rise, Foretold a fall in market skies. Two peaks of hope, then valleys deep, Warnings in their quiet sleep, For Nasdaq's flight and S&P's dream, Would falter, tethered by this theme. The first peak gleamed with fervent light, A beacon in the endless night, Yet echoes of a storm to come, In whispers, soft as beating drum. The second peak, a mirrored crest, Brought caution to the market's quest, A harbinger of tides to shift, Where bullish hopes would swiftly drift. In Bitcoin's dance, a tale was spun, Of fortunes lost and races run, Its double top, a silent seer, Foretold of futures fraught with fear. So as the indices did fall, Their towering heights reduced to small, In crypto's chart, the wise did see, A glimpse of coming history. For markets rise and markets wane, In cycles bound by time's refrain, And Bitcoin’s peak, a cryptic clue, Of crashes old and those anew.
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In a week that has seen its fair share of fluctuations and significant events, our financial landscape continues to evolve with intriguing developments from the crypto markets to the traditional financial sector. What’s Inside This Week’s Wrap-Up? Bitcoin's Volatile Journey: After an initial surge, Bitcoin prices have experienced a noticeable stall, influenced by ETF activity, economic indicators, and a mix of market forces. A dramatic day saw over $400 million in liquidations, highlighting the market's current sensitivity. Record-Breaking Trading Volumes: March has been a landmark month for trading, with spot Bitcoin ETFs and centralized exchange volumes reaching unprecedented heights. Discover what these numbers mean for the market and investors alike. The US Jobs Report & Economic Outlook: The latest jobs report outperformed expectations, significantly impacting Federal Reserve policies and investor outlooks. With job growth surging and unemployment rates dipping, we delve into the implications of these changes. Regulatory Headlines and Innovations: From SEC comments to new product launches and regulatory challenges, the financial landscape is buzzing with activity. Highlights include Ripple's upcoming stablecoin and significant milestones like Uniswap's trading volume achievement. Ready for more than just a summary? Click here to access the full Weekly Wrap-Up: https://lnkd.in/gPQ364m2 Stay Ahead of the Curve: Subscribe now to ensure you never miss out on our weekly insights.
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Crypto and Forex News for the week: *Forex News:* - *EUR/USD*: Trades sideways above 1.0850, supported by a subdued US Dollar and risk flows. - *GBP/USD*: Holds range below 1.2900 amid a quiet start to the week, underpinned by a softer US Dollar and an upbeat market mood. - *Gold price*: Appreciates as US Dollar remains tepid due to rising hopes of Fed rate cuts. - *Central banks*: The Fed, the BOE, and the BOJ all meet this week, while Amazon, Apple, and Microsoft report Q2 earnings, and the US will release its latest labor market report at the end of the week. *Crypto News:* - *Ripple (XRP)*: Extended gains by nearly 2% early on Sunday, sustaining above the psychological price level of $0.60 amidst the optimism of Donald Trump’s speech at the Bitcoin conference and BTC’s recent gains. - *Bitcoin*: Inches closer to $70,000 as Donald Trump says SEC Chair Gary Gensler will be fired. Bitcoin rally on Saturday was likely catalyzed by Donald Trump’s pro-Bitcoin promises at the Nashville conference. - *Crypto prediction market*: Polymarket, a crypto prediction platform built on Polygon, has observed the highest volume month in its history, as interest in US Presidential elections and the Olympics peaks. #rewodtechnologies #rewod #mobileapp #websitedesign #websitedevelopment #coding #programming #techcompany #softwarecompany #nodejs #python #php #flutter #react #fiverr #javascript #python #webdesign #upwork #technews #coding #wordpress #elonmusk #bitcoin #crypto #trading #forex #entreprenuership
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Bitcoin nears $70,000 as investors digest Trump crypto comments CNBC
Bitcoin nears $70,000 as investors digest Trump crypto comments and look ahead to central bank meetings
cnbc.com
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Bitcoin’s Volatility Returns After Hitting Highest Since July
Bitcoin’s Volatility Returns After Hitting Highest Since July
https://today4news.online
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Director of Daily Trading Institute, Hedge Fund Management, Fixed-Income. We offers direct financial instruments: Import LCs, SBLCs, and Bank Guarantees.
As we progress deeper into the trading week, the Bitcoin market has demonstrated notable rallying strength, showing signs of resilience and bullish momentum. Traders and investors alike are setting their sights on the psychological barrier of the $70,000 level, an area that not only serves as a target but potentially a point of breakthrough. While short-term pullbacks may occur, a closer examination of the market structure suggests that we may be witnessing the formation of a bullish flag—an indicator of a potential continuation of the upward trend. https://lnkd.in/eZu7gAPQ
Bitcoin’s Bullish Momentum: Key Levels and Market Dynamics to Watch
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Why Bitcoin and Crypto Stocks Soared or Slumped in the First Half of 2024 - Yahoo Finance: Find out which crypto-related stocks are thriving in the post-halving market of 2024 and why. The answer may set you up for market-beating returns ...
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finance.yahoo.com
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Crypto Inflows Surge with $436 Million as Rate Cut Speculation Intensifies | Coinspeaker: Crypto inflows surged by $436 million in September 2024 as speculation about a Federal Reserve rate cut fuels market optimism.
Crypto Inflows Surge with $436 Million as Rate Cut Speculation Intensifies
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Crypto For Professionals. We specialize in delivering top-tier research at the crossroads of digital assets and financial markets.
Pay attention to this: #Ethereum bottoming? 👇1-11) The crypto market has shifted from a predominantly long-only retail environment to one where sophisticated strategies based on macroeconomic views and market structure analysis offer the best risk/reward opportunities. Dollar-cost averaging is no longer effective. Instead, professional traders focus on navigating market cycles, strategically entering positions when momentum builds, and risk/reward dynamics are most favorable. 👇2-11) As we've highlighted, some are starting to recognize that rate cuts are only bullish when driven purely by lower inflation; if they are also tied to slower economic growth, the effect can be quite the opposite. Relying on surface-level commentary without thorough analysis can be costly. This is why we place significant emphasis on leading economic indicators, as they have the potential to shift the market balance. However, macroeconomic data updates slowly, often monthly, making it essential to maintain focus and avoid distractions between releases. 👇3-11) At 10x Research, we've consistently demonstrated our foresight in the market, particularly our bearish stance on Ethereum. While many are just now recognizing the declining trends, including lower revenues tied to Ethereum's reduced activity, we've been ahead of the curve. Our anticipation of a price collapse, which we warned of on June 8 when ETH was trading at $3,725, has been validated as it has since fallen to $2,360, a drop of 37% in just three months. 👇4-11) Full report: https://lnkd.in/gG7zEi3F
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Crypto markets are currently in freefall with a slump that could equal the Black Monday event of August 5 if it continues. Total capitalization has crashed a little over 6% as around $100 billion exited the space over the past 24 hours. Nearly double that was lost during the Aug. 5 crash, however. The metric is currently $2.07 trillion, its lowest level since Aug. 7. Bitcoin dumped more than 5% in a fall to $55,746 during the Wednesday morning Asian trading session, its lowest level since the early August crash. The asset had recovered slightly to trade at around $56,700 at the time of writing. Ethereum was smashed 7% in a fall to just over $2,300 before a minor recovery as it bounced off the bottom. As usual, the altcoins are bleeding out, with losses between 5% and 7% for most of the high-cap assets. Algoo Strategies reports that, in the past 24 hours, 74,062 traders were liquidated, and the total liquidations came in at $196.4 million, the majority of which were long positions. September is traditionally a bearish month for crypto, with Bitcoin seeing losses for six previous ones with minor gains in just three of them. Analyst “CrediBULL Crypto” commented that downside targets around the $56,000 level have been hit, which means “we are now ready for that relief rally sooner rather than later.” The current market sentiment is one of caution and uncertainty. Many traders are on edge, watching closely for any signs of a potential recovery. Historically, September has been a challenging month for crypto, but this also sets the stage for potential rebounds as the market adjusts. As we navigate through these turbulent times, it’s crucial to stay informed and make decisions based on thorough analysis and not just market hype. The crypto space is known for its volatility, and while downturns can be daunting, they also present opportunities for strategic investments. Stay vigilant and keep an eye on market trends.
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