Identifying the optimal moment to exit the cryptocurrency market is just as important as your investment decision. Dennis Liu, also known as Virtual Bacon, shared his systematic and strategic approach to navigating Bitcoin’s highs and lows. He proposed three exit plans designed to signal when the market has reached its peak. 1. Price target: first pioneer An initial signal to consider is the achievement of specific price targets, such as $200,000 for Bitcoin and $15,000 for Ethereum. Liu suggested that reaching these numbers could indicate that the market has reached its peak. These criteria are based on historical market cycles…
Author: Crypto Flexs
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If you haven’t heard of BitMiles yet, you’re missing out on a highly profitable and surprisingly easy way to earn big money. BitMiles is a modern platform that allows users to earn rewards by engaging with content and completing tasks online. Whether you’re a social media enthusiast, a content creator, or someone who loves expressing your opinions, BitMiles has something for everyone. How does BitMiles work? BitMiles operates on blockchain technology principles, allowing users to earn “miles” for their online activities. These miles can be exchanged for a variety of rewards, including cash, gift cards, and cryptocurrency. So how can…
Tron and BNB Chain have reached over 1 million daily users. Tron hits historical highs on TVL while the BNB chain remains the same. Tron (TRX) and BNB Chain have emerged as the exclusive top networks with daily active addresses exceeding 1 million. Given the notable increase in daily active addresses, how will this affect the Total Value Locked (TVL) and the performance of its tokens? BNB Chain and Tron have recorded over 1 million active users. According to data from Coin98 Analytics, Tron and BNB Chain top the ranking of daily active addresses across various networks. Tron leads with…
GiveCrypto, an initiative founded by Coinbase CEO Brian Armstrong “to donate directly to those in need,” donated $3.6 million to Brink, a non-profit organization dedicated to funding Bitcoin developers.Brink is pleased to donate $3.6 million to us. #Bitcoin GiveCrypto’s development funding efforts!thank you @brian_armstrong and @Coinbase As well as the team @John Herring and @FEhrsam Thank you for helping us make this happen!— Brink (@bitcoinbrink) February 16, 2024 Founded by renowned Bitcoin developers John Newbery and Mike Schmidt, Brink aims to provide financial support and mentorship to promising developers involved in open source Bitcoin development. Interested Bitcoin developers can apply…
Welcome to the fourth article. eth2 quick update. We have a lot of touching things to talk about this week. Besides the ongoing heroic eth2 client development, highlights include: tldr; Grant differential fuzzing Sigma Prime has received a grant that will lead to: Differential fuzzing efforts For eth2 clients. These efforts are critical to the success of a multi-client network launch by helping identify consensus issues prior to mainnet. The act of “fuzzing” is the act of randomly throwing a lot of input at software to see how it reacts. When fuzzing a single piece of software, the goal is…
JPMorgan, a major player in financial solutions, issued a statement encouraging US authorities to maintain indirect control over the stablecoin Tether. Despite the fact that the Tether base is overseas. Analysts at JPMorgan believe that stablecoins are in a vulnerable position due to their dependence on the US market. They went on to say that they had to add Tether to the blacklisted wallets due to sanctions from the Treasury Department. There is insufficient clarity surrounding stablecoins, and US cryptocurrency regulation threatens their dominance. JPMorgan issued a special commentary stating that in 2022, the Treasury Department’s sanctions arm, the Office…
Binance announced a contest through its cryptocurrency derivatives division, Binance Futures, giving participants the chance to win a Tesla Model Y. According to the cryptocurrency exchange, the competition will be held over four weekly challenges from February 18 to March 17, 2024. .Binance Futures Trading, Tesla Model Y Challenge revealed and daily cryptocurrency rewards started (…)
Bankrupt cryptocurrency platform Celsius has allocated $2 billion worth of cryptocurrency to thousands of creditors. The distribution, facilitated through PayPal and Coinbase, forms part of Chelsea Network’s ongoing strategy to address its obligations to creditors. Celsius repays creditors In a recent court filing, Chicago-based Chelsea law firm Kirkland & Ellis shared an update on the distribution of creditor funds outlined in the restructuring plan. This development comes after Celsius declared bankruptcy, exiting insolvency proceedings that began in July 2022. Kirkland & Ellis said cryptocurrency distribution to U.S. holders will occur through PayPal, with Coinbase acting as a distribution agent for…
Bitcoin Matt Hougan, chief investment officer at Bitwise, said the company is ready to break new ground following the success of its recently approved exchange-traded fund (ETF) and that the BTC price could surpass $80,000 this year.early success Bitcoin ETFs have shattered records among similar products, sparking sustained flows into Bitcoin since mid-January. In an interview with decryptionHougan said Bitwise has launched the BITB spot ETF. 9 others January 10, After years of hearing from customers expressing interest in this type of product, we anticipated there would be a lot of demand. Still, Hougan said the continued demand over the…
Asia • February 16, 2024, 2:33 AM EST Posted 1 minute ago In ~ Three Hong Kong-based cryptocurrency futures exchange-traded funds hit new highs as Bitcoin surpassed $52,000 on Thursday.CSOP Bitcoin BTC -1.36% The futures ETF, Hong Kong’s first Bitcoin futures ETF, closed 3.56% higher at HK$20.92 ($2.67) on Thursday, its highest since its launch in December 2022. The Samsung Bitcoin Futures Active ETF rose 3.67% to close at HK$20.32 on Thursday, while the CSOP Ether Futures ETF rose 4.56% to close at HK$15.81, both hitting record highs. Hong Kong’s benchmark Hang Seng index closed 0.41% higher.As Bitcoin prices rose,…