Pinakabagong Balita sa Crypto at Market Updates

Bitcoin Price Today: BTC Price Approaches Key Resistance Level Amidst Anticipation of CPI Report

Bitcoin (BTC) and altcoins are currently displaying divergent price dynamics across various timeframes, while Ethereum closely tracks Bitcoins movements. Both cryptocurrencies are steadily gaining ground as the market eagerly awaits the release of the Consumer Price Index (CPI) reading on July 12. As of the time of writing, Bitcoin is trading at $30,690.　　Crypto Rover, an industry analyst, has indicated that Bitcoin is showing signs of an impending breakout, as historical volatility reaches unprecedented lows. For the past 18 to 19 days, Bitcoin has been trapped within a sideways consolidation phase. Unless it breaks the above-established support and resistance levels, the cryptocurrency is likely to continue trading sideways.　　“We can observe that Bitcoin is currently approaching its most crucial resistance level, and the question that remains is when will it surpass the $31,000 mark. Once this breakout occurs, I personally believe it will reignite the bull market for Bitcoin,” said Crypto Rover.　　In the event of a breakout, Bitcoins price could potentially reach a target of $31.5K, corresponding to the upper range high. However, a significant hurdle is anticipated at the $31.2K resistance level. On the downside, a breakdown would target $28.5K.　　Crypto Rover also emphasized that altcoins face potential risks and may not

2023-07-11Bitcoin

Bitcoin Price Prediction As Bulls Swing Back To Action Ahead of June CPI – Can BTC Pump to $38k?

Bitcoin price is back in the green and rising above support at $30,000 toward the end of the Asian session on Tuesday. The pioneer cryptocurrency had slipped slightly below $30,000 and traded a July low at $29,705 over the weekend, but bulls swept through fresh liquidity, adding credence to the bullish momentum.　　After 24 hours of an intense tug-of-war between the bulls and bears for dominance at $30,000, BTC is up 1.1% to $30,500. Bitcoin boasts $592 billion in market capitalization and $15 billion in trading volume, according to price data by CoinGecko.　　Bitcoin Bulls Wake up head of Wednesday CPI Data Release　　Various jobs reports over the last week kept Bitcoin and crypto generally depressed. Market participants are now waiting to see how the bellwether crypto will react to Wednesdays release of the United States June Consumer Price Index (CPI) along with the Producer Price Index (PPI) coming out on Thursday.　　Investors are anticipating declines in the inflation data, which has sustained a downtrend since May. The same declines will validate the Federal Reserves decision to pause interest rate hikes, temporarily applying brakes on its intent to hike interest rates by 25 basis points (bps).　　While the tight monetary policy has helped reduce the

2023-07-11Bitcoin

Altcoin Crash: Prominenteng Analyst Forecasts 40% Drop Against Bitcoin (BTC)

Nangunguna sa crypto sphere sa kanyang insightful analysis, si Benjamin Cowen, ang kilalang founder ng IntoTheCryptoverse at maimpluwensyang crypto YouTuber, ay nagbigay ng matinding babala sa mga namumuhunan ng cryptocurrency.　　Sa kanyang serye ng mga tweet, pinatunog ni Cowen ang mga alarm bell, na nagpapahiwatig ng paparating na makabuluhang paghina para sa mga altcoin laban sa Bitcoin (BTC). Ang kanyang pagsusuri sa dalubhasa ay tumutukoy sa isang may kinalaman sa pagkakatulad sa pagitan ng kasalukuyang pagpapahalaga ng mga altcoin kumpara sa BTC at isang kritikal na kaganapan na naganap noong Hulyo 2019.　　Noong Hulyo 2019, ang mga altcoin ay nasa parehong halaga laban sa #BTC na sila ngayon.　　Bagamat hindi kailangang ganap na ihanay ang mga timeframe, iminumungkahi pa rin ng chart na ito na ang mga altcoin ay maaaring sama-samang bumaba ng isa pang 40% laban sa BTC.　　Ito ay tinatawag na altcoin reckoning para sa isang dahilan. 　　- Benjamin Cowen (@intocryptoverse) Hulyo 9, 2023　　Bilang suporta sa kanyang claim, ibinahagi ni Cowen ang isang nagpapakitang tsart na naglalarawan sa Total 3 index, na sumasaklaw sa lahat ng cryptocurrencies maliban sa Bitcoin at Ethereum, na may kaugnayan sa BTC. Maliwanag, ang kanyang chart ay graphic na nagpapakita ng papalapit na kritikal na antas ng

2023-07-11Bitcoin

Is Bitcoin an Investment or a Currency ?

Balita ng Ethereum ng Bitcoin　　Are you in the U.S. and havent filed your taxes yet？ Check out the free Decrypt U 2023 U.S. Crypto Tax Guide, and mint a free NFT certificate! 　　Is Bitcoin a currency, or is it an investment like gold？ Can it be both？ We explore that idea and suggest where it might be going.　　Ano ang pera？　　There are three fundamental values to describe what money is, and what it does.　　????Its a store of value – you can save it and use it for later, knowing its value will remain.　　????Its a medium of exchange – something we use to buy and sell things that everyone accepts.　　????Its a unit of account – a way to measure the value of goods and services.　　Its important to understand this as it helps define how Bitcoin is currently perceived. In places where adoption is low, it doesnt satisfy any of the above.　　In areas where adoption is high, it can tick all three of the what is money boxes. On a global scale, thanks to Bitcoins growth in value, it satisfies the criteria that the currency can be a Store of Value.　　Bilang isang pera　　Bitcoins original purpose – as laid out in the original paper

2023-07-11Bitcoin

Santiment Report: Stablecoin Behavior Reveals Bullish Sentiment as Bitcoin Consolidates

The cryptocurrency market is undeniably in a deadlock position between bullish and bearish sentiments in regard to the short-term outlook. Bitcoin price continued to range between $31k and $30k without a clear bullish stance. Having consolidated in the past three weeks, experts believe it is only a matter of time before a Bitcoin breakout in either direction occurs, which should provide a better viewpoint for the altcoin market.　　However, there is another way of looking at the market through studying the behavior of large stablecoins holders, even though they belong to exchanges.　　Stablecoins Behavior in Relation to Bitcoin Price Action　　According to market intelligence platform Santiment, the top two stablecoins, Tether USDT, and Circle USDC, hold a lot of crucial information in decoding the Bitcoin market. From the basic standpoint that a decrease in stablecoins reserve amid rising Bitcoin price is extremely bullish and vice versa, it is then easier to predict the crypto market outlook.　　According to Santiment stablecoins study, the whales and sharks have been displaying a bullish outlook as their supply declines on exchanges amid the recent Bitcoin spike. The report further noted that more stablecoins continued to sit in exchanges, which could mean traders interest in purchasing crypto assets.　　“Contrasting just

2023-07-11Bitcoin

Iminumungkahi ng Survey na Maaaring Pabayaan ng mga Crypto Investor ang Mga Pangunahing Sukatan na May kinalaman sa Bitcoin

Balita ng Ethereum ng Bitcoin　　Ang hilig ng mga mamumuhunan na unahin ang mga kumbensyonal na sukatan kaysa sa mga salik na partikular sa crypto ay may mga implikasyon para sa parehong Bitcoin ang network at Bitcoin ang asset. Ang Digital Disclosure Survey na isinagawa ng Broadridge Financial Solutions ay nagbibigay-liwanag sa katotohanan na ang mga pangunahing sukatan tulad ng tokenomics at pagganap ng network ay madalas na napapansin ng mga mamumuhunan. Ang paghahanap na ito ay nagtataas ng mga tanong tungkol sa lawak kung saan nauunawaan ng mga mamumuhunan ang mga pangunahing aspeto ng Bitcoin at ang pinagbabatayan nitong teknolohiya.　　Bilang ang pinakamalaki at pinakakilalang cryptocurrency, ang Bitcoin ay nagsisilbing parehong desentralisadong network at isang digital asset. Ang pagganap ng network, isa sa mga sukatan na karaniwang binabalewala ng mga mamumuhunan, ay mahalaga para sa pagtatasa ng kalusugan at functionality ng Bitcoin network. Ngunit 28% lamang ng mga kalahok ang itinuturing na mahalaga, na inilalagay ito sa labas ng nangungunang limang salik. Ang pag-unawa sa kung paano gumagana ang network, kung gaano katatag ang pagbabago at pagkagambala at ang ibat ibang proyektong kasalukuyang ginagawa sa Bitcoin ay mahahalagang piraso ng impormasyon para sa sinumang mamumuhunan sa merkado.　　Bukod dito, ang mga natuklasan

2023-07-11Bitcoin

Tumaas ang CTSI +23.40%, BTC +1.25%, ang Mina Protocol ay The Coin of The Day - Daily Market Update para sa Hul 11, 2023 | CoinCodex

Balita ng Ethereum ng Bitcoin　　Mga pangunahing highlight:　　Ang kabuuang market cap ng cryptocurrency ay tumaas mula $1.18T hanggang $1.20T sa nakalipas na 24 na oras, na kumakatawan sa isang 1.44% baguhin　　Ang presyo ng Bitcoin sa press time ay $30,458 pagkatapos lumaki 1.25% sa huling 24 na oras　　Ang kabuuang dami ng crypto trading ay tumaas ng 1.44% sa nakalipas na 24 na oras, at kasalukuyang nasa $378.90B　　Ang lahat ng mga presyo at pagbabago ay ipinakita sa oras ng paglalathala: Hulyo 11, 2023, sa 06:00 UTC　　Pangkalahatang-ideya sa Merkado　　Ang kabuuang market cap ng cryptocurrency ay kasalukuyang $1.20T pagkatapos ng isang 1.44% pagtaas sa araw. Ang kabuuang dami ng crypto trading ay tumaas ng 1.44% sa parehong time frame.　　Ang Bitcoin ay nakikipagkalakalan sa $ 30,458 pagkatapos makita ang isang 1.25% makakuha sa huling 24 na oras. Bumagsak ang dominasyon ng Bitcoin -0.08% at ang BTC ay kasalukuyang kumakatawan sa 49.33% ng merkado ng cryptocurrency.　　Mga Nangungunang Barya Ayon sa Market Cap　　Sa press time, ang Bitcoin ay may market capitalization na $591.66B pagkatapos makuha 1.25% sa huling 24 na oras. Ayon sa aming forecast, bababa ang halaga ng Bitcoin -0.80% at umabot sa $30,215 bago ang Hulyo 16, 2023. Upang matuto nang higit pa tungkol sa kung

2023-07-11Bitcoin

Central Banks Are Buying Gold Over Bitcoin as a Safe Haven Asset

Balita ng Ethereum ng Bitcoin　　Central banks around the world have been loading up on gold in an effort to stay ahead of inflation, according to recent research. People have long considered gold as a store of value and inflation hedge, but Bitcoin has vastly outperformed it this year. 　　According to a recently published report by American independent investment management company Invesco, central banks are buying gold.　　Central Banks Loading Up on Gold　　The 2023 Invesco Global Sovereign Asset Management Study released in July revealed that 85 sovereign wealth funds and 57 central banks are collectively managing $21 trillion.　　“Amid persistent high inflation and real interest rates, investors are recalibrating portfolios,” it stated.　　Coinbase former chief technology officer, Balaji Srinivasan, Nagkomento on the research summarizing:　　“In summary, theyre buying gold, holding it in vaults, and preparing for high levels of inflation.”　　Invesco reported that in 2022, central banks made record gold purchases with net acquisitions of 1,136 tonnes. The year was the twelfth consecutive year of a net increase in gold holdings for the worlds central banks.　　Furthermore, the central banks of China and Turkey were very aggressive buyers snapping up 20% of that total. “However, other central banks, particularly in the Middle East and Emerging Markets, were

2023-07-11Bitcoin

Half a Billion Has Poured Into Bitcoin Funds in Past Three Weeks

Balita ng Ethereum ng Bitcoin　　Institutional investors have put half a billion worth of assets into digital asset investment products—mostly ones that hold Bitcoin—in the last three weeks, reversing the down trend thats been plaguing crypto funds since April.　　According to a recent report by CoinShares, digital asset investment products registered $136 million in inflows in the past seven days, bringing the 3-week total to $470 million.　　This half a billion eclipses and erases the previous nine weeks of outflows–bringing year-to-date flows to a bullish $231 million.　　Ang digital asset investment firm na CoinShares ay sumusunod sa aktibidad ng pamumuhunan ng mahahalagang exchange-traded na produkto, mutual funds, at over-the-counter (OTC) trust, sa mga cryptocurrencies tulad ng Bitcoin, Ethereum at iba pang mga altcoin at ini-publish ang mga natuklasan nito sa isang lingguhang ulat.　　glassnode kilala that exchange inflows are at a cycle low, registering $2.3 billion in deposits. In conjunction with todays CoinShares report, these numbers suggest that institutions might be bullish.　　Bitcoin is by far the most solicited asset, clocking $133 million in buying done by institutions this past week. With weekly inflows for crypto-related investments reaching $136 million, the interest in the top digital asset accounts for an astounding 98% of institutional investments.　　In second

2023-07-11Bitcoin

BlackRock ETF Pushing Bitcoin to ‘Inflection Point’ as US Entities Accumulate BTC: Glassnode

A prominent analytics firm says BlackRocks Bitcoin (BTC) spot exchange-traded fund (ETF) application is pushing US-based entities to accumulate the crypto king.　　glassnode mga tala that the share of Bitcoin supply held and traded by US entities is witnessing a significant rise since BlackRock, the worlds largest investment firm with over $10 trillion in assets under its management, first filed for a BTC ETF last month.　　No US Bitcoin spot ETF application has ever been approved thus far, despite submissions from Grayscale, VanEck, and Cathie Woods ARK Invest, though the U.S. Securities and Exchange Commission (SEC) did greenlight the launch of the first Bitcoin futures ETFs in October 2021.　　Glassnode shares a chart showing a surge in the supply of BTC held or traded by US investors while Asian-based market participants appear to be distributing their Bitcoin stacks.　　Pinagmulan: Glassnode Twitter　　Ang analytics firm din mga tala that roughly 560,000 Bitcoin owned by short-term holders (STHs), which represent 21% of the overall STH supply, were purchased at a price that is in close proximity to the current value of BTC.　　According to Glassnode, the condition suggests that more short-term holders could see their positions in the red if Bitcoin goes through a mild corrective phase.　　Pinagmulan: Glassnode

2023-07-11Bitcoin

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