CoinDiary’s Post

Binance To List New Pairs For BCH, LTC & Others, Price Recovery Ahead? The leading global #cryptocurrency exchange, Binance, has unveiled its plans to introduce new spot trading pairs for tokens like Bitcoin Cash (BCH), Litecoin (LTC), and others, sparking excitement within the #crypto community. Notably, this move comes amid a period of a market downturn, prompting speculation about the potential impact on the prices of these assets. https://lnkd.in/eDv_a5kf #cryptonews #bitcoin #cryptoexchange

#Bitcoin #Price #Update Bitcoin price fell on Monday amid persistent concerns over distributions by now defunct crypto exchange Mt Gox, which also battered sentiment towards broader #cryptocurrency markets. Still, the world’s largest cryptocurrency found some support around the $55,000 level after sinking to over four-month lows earlier on Monday. Bitcoin fell 3.8% in the past 24 hours to $55,450.3 by 01:25 ET (05:25 GMT). The #token and the broader crypto space took little support from a weaker dollar, with reports suggesting that major Bitcoin wallet holders had also begun mobilizing their wallets for potential sales. Bitcoin hammered as Mt Gox distribution begins Trustees for the now defunct Mt Gox crypto exchange said they had begun distributing tokens to clients affected by a 2014 hack. While the trustees have not outlined the value of the distributions, #wallets associated with the exchange were seen moving around $9 billion worth of Bitcoin earlier this year. Traders dumped Bitcoin on fears that receivers of the tokens will be largely encouraged to sell their holdings, given Bitcoin’s massive price jump over the past decade. Such a scenario presents massive selling pressure on the token. Several Bitcoin “whale” wallets were seen coming online for potential sales of their holdings, while inflows into crypto investment products were also seen largely drying up through the past few weeks.

𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗖𝗵𝗮𝗿𝘁𝗲𝗿𝗲𝗱 𝗔𝗱𝗷𝘂𝘀𝘁𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 (𝗕𝗧𝗖) 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝘀 𝗔𝗺𝗶𝗱𝘀𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀 💎 Standard Chartered (STAN) has revised its year-end projection for Bitcoin's (BTC) price, now foreseeing a surge to $𝟭𝟱𝟬,𝟬𝟬𝟬, up from the previous estimate of $100,000. Additionally, the bank anticipates a peak of $𝟮𝟱𝟬,𝟬𝟬𝟬 for BTC in 2025, settling thereafter around $200,000. 💎 The revised outlook is based on a comparative analysis with gold prices following the introduction of gold exchange-traded funds (ETFs) in the U.S., alongside a correlation between ETF inflows and BTC value. With spot bitcoin ETFs debuting in the U.S. earlier this year, Standard Chartered is optimistic about the potential impact on the cryptocurrency market, projecting substantial inflows and potential overshoots in BTC prices. 💎 Moreover, Standard Chartered has hinted at a potential milestone for Ether (ETH), suggesting a potential approval of an ETH ETF by the Securities and Exchange Commission on May 23. This move could potentially drive inflows of up to $45 billion within the first year, propelling ETH prices to around $8,000 by the end of 2024, from its current level of approximately $3,570. Looking ahead to 2025, the bank anticipates a rise in the ETH-to-BTC price ratio, returning to levels observed in previous years. With an estimated BTC price of $200,000 by the end of 2025, this could translate to an ETH price of $14,000, according to Standard Chartered's analysis. 𝗪𝗵𝗮𝘁 𝗮𝗿𝗲 𝘆𝗼𝘂𝗿 𝘁𝗵𝗼𝘂𝗴𝗵𝘁𝘀 𝗼𝗻 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗖𝗵𝗮𝗿𝘁𝗲𝗿𝗲𝗱'𝘀 𝘂𝗽𝗱𝗮𝘁𝗲𝗱 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝘀 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗮𝗻𝗱 𝗘𝘁𝗵𝗲𝗿? 𝗔𝗿𝗲 𝘆𝗼𝘂 𝗼𝗽𝘁𝗶𝗺𝗶𝘀𝘁𝗶𝗰 𝗮𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗳𝗼𝗿 𝘁𝗵𝗲𝘀𝗲 𝗰𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝗶𝗲𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗺𝗶𝗻𝗴 𝘆𝗲𝗮𝗿𝘀? 🤔 #Cryptocurrency #Bitcoin #Ethereum #marketanalysis

Bitcoin ETFs Surge Despite Price Plateau In a remarkable demonstration of investor confidence, spot Bitcoin ETFs in the United States have surpassed the $20 billion mark in net flows. This milestone showcases the growing interest and adoption of cryptocurrency investment tools, even as Bitcoin's price remains stagnant over the past seven months. The steady inflow into Bitcoin ETFs suggests that market participants are placing long-term bets on the digital asset class, eyeing its potential despite short-term price fluctuations. Several financial institutions have contributed to this trend, offering innovative and accessible paths for investors to engage with Bitcoin. The interest in Bitcoin ETFs reflects a maturing market where mainstream adoption meets traditional finance, pushing the boundaries of how cryptocurrencies are perceived and invested in. As Bitcoin steadies under $68,000, the optimism reflected in Bitcoin ETFs indicates a robust undercurrent of demand for cryptocurrency exposure. Investors and institutions seem poised to engage further as they anticipate future movements in the crypto space. How do you perceive the growing popularity of Bitcoin ETFs affecting the broader financial market in the coming years? #BitcoinETFs #Cryptocurrency #InvestmentTrends #FinancialInnovation #MarketGrowth #DigitalAssets

Ethereum ETFs Set to Launch Ethereum ETFs are generating significant buzz as they are set to launch, potentially marking a pivotal moment for the crypto market. These ETFs could open up Ethereum investment to a broader audience, impacting its price and market dynamics. This development follows the recent approval by major financial regulators, adding legitimacy and accessibility to Ethereum trading (CoinGecko) (Cryptonews). 👉 https://bit.ly/3A0AnK2 Top Crypto Picks for August 2024 As the Ethereum ETFs gain traction, three altcoins are emerging as top picks for investors in August 2024: Notcoin (NOT): Originating as a viral mini-game on Telegram, Notcoin is expected to see substantial growth due to its unique positioning and recent market entry. Bonk (BONK): A memecoin on the Solana blockchain, Bonk has shown explosive potential and continues to attract investor interest. DTX Exchange (DTX): A low-cap gem in its ICO phase, DTX aims to merge DeFi and traditional finance, offering a comprehensive trading platform with significant upside potential (CoinGecko) (Cryptonews). Bitcoin's New All-Time High Bitcoin has reached a new all-time high, surpassing $65,000. This surge is attributed to increased institutional investment and broader acceptance of cryptocurrencies as a mainstream asset class. The rise in Bitcoin's value is also likely influenced by the anticipation of further regulatory clarity and technological advancements in the blockchain space (CoinGecko) (Cryptonews). #EthereumETF #CryptoNews #BitcoinAllTimeHigh #Altcoins #Notcoin #BonkCoin #DTXExchange #CryptoInvesting #Blockchain #CryptoMarket #Ethereum #DeFi #Trading #CryptoBuzz #CryptoUpdates #Attention #Traders #TradingNews #TodayNews #Trading #Bitcoin #BreakingNews

Bitcoin processes 1.6M confirmed payments in a day: this milestone might be a game-changer for the entire crypto market! 🚀 On April 23, the Bitcoin network hit a record-breaking 1.6M confirmed transactions in a single day, thanks to the launch of #Bitcoin Runes. This innovation has sparked a massive surge in Bitcoin’s daily activity, showcasing its growing use in everyday transactions. Just three days into the new halving cycle, we witnessed a historic volume of transactions, signaling a robust and vibrant ecosystem. The data speaks volumes: Runes accounted for a whopping 81.3% of all Bitcoin transactions on that day! At XBO.com we’re at the forefront of this evolution. The surge in transactions directly correlates with increased mining fees – over 1,200 BTC added to miners’ pockets since the halving. This is not just about numbers; it’s about the thriving community and the trust in the network we’re building together. The rise of Bitcoin Runes and BRC-20 tokens marks a new era of Bitcoin DeFi (BTCFi), expanding Bitcoin’s utility beyond anything we’ve seen before. And we at xbo.com are all in! We’re committed to embracing these advancements, ensuring our platform remains a top choice for traders and miners alike. This is a pivotal moment for the crypto industry, and we’re proud to be part of this journey. Let’s continue to innovate and lead the charge in this exciting new chapter of digital finance! #Crypto #Blockchain #Innovation #xbo_com

**Bitcoin Price Drops Following German Government BTC Transfers** **Bitcoin Market Analysis: Declining Prices Amid Significant On-chain Movements** Bitcoin faced considerable pressure this week, with notable on-chain activities and macroeconomic factors influencing its price. Here's a comprehensive look at the latest developments: 1. **Government Movements**: The German Government transferred 3,000 BTC ($174M) on Thursday, contributing to market uncertainty. Notably, 1,300 BTC was moved to major exchanges like Coinbase, Bitstamp, and Kraken. 2. **ETFs and Whale Activity**: US spot Bitcoin ETFs saw outflows totaling $34.2M over the past two days. Grayscale reduced its holdings, while Fidelity increased theirs. Meanwhile, a whale deposited 1,800 BTC ($106M) to Binance at a loss, continuing a trend that has seen over 5,281 BTC moved since June 27. 3. **On-chain Indicators**:   - **Exchange Netflow**: Positive netflow suggests increased BTC supply on exchanges, often a bearish signal.   - **Network Realized Profit/Loss (NPL)**: An uptick in NPL indicates holders are selling at a profit, aligning with the recent price decline.   - **Taker Buy Sell Ratio**: Currently at 0.82, signaling bearish sentiment. 4. **Technical Analysis**: BTC was rejected at $63,956 and fell below $58,000. Key support lies at $58,375, with potential further decline to $56,522 or even $52,266 if bearish momentum persists. Stay informed and watch the market closely as these developments unfold. Don't Forget to Follow @RWAinformer #Bitcoin #Cryptocurrency #MarketAnalysis #OnChainData #BTC #CryptoMarket #Investment

💰 Crypto Trader Turns $378K into $35.2M in 11 Months. The cryptocurrency trading industry has seen explosive growth, with Bitcoin leading the charge. Among countless success stories, one trader stands out for turning a $378,000 investment into $35.2 million in less than a year. Massive Profits from OM Token Recent market surges pushed Bitcoin to a record $97,862.64, up 130% this year. Amid this, a trader profited from Mantra (OM), a utility altcoin. According to Lookonchain, they bought 9.33 million OM tokens at $0.04 each, investing $378K. After 11 months, the trader deposited 4 million OM on Binance, valued at $15.32M, while retaining 5.33 million OM worth $19.86M—totaling $35.2M. Unlike many investors chasing memecoins, this trader focused on a utility token with solid fundamentals. OM’s 6089% Price Growth Mantra (OM) has surged 6089% this year, reaching multiple all-time highs and rewarding holders. Ranked 35th on CoinMarketCap with a $3.27 billion market cap, OM has drawn significant investor interest. This trader’s disciplined HODL strategy and market timing earned praise from the crypto community. With most of their OM still in a personal wallet, they anticipate further gains. #CryptoInvesting  #Bitcoin #AltcoinSuccess #MantraOM #HODL #CryptoTrading #CryptoCommunity #BlockchainInnovation #CryptoMarket