#bitcoin price trackers

[mostlysignssomeportents]

“Carbon neutral” Bitcoin operation founded by coal plant operator wasn’t actually carbon neutral

I'm at DEFCON! TODAY (Aug 9), I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). TOMORROW (Aug 10), I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).

Water is wet, and a Bitcoin thing turned out to be a scam. Why am I writing about a Bitcoin scam? Two reasons:

I. It's also a climate scam; and

II. The journalists who uncovered it have a unique business-model.

Here's the scam. Terawulf is a publicly traded company that purports to do "green" Bitcoin mining. Now, cryptocurrency mining is one of the most gratuitously climate-wrecking activities we have. Mining Bitcoin is an environmental crime on par with opening a brunch place that only serves Spotted Owl omelets.

Despite Terawulf's claim to be carbon-neutral, it is not. It plugs into the NY power grid and sucks up farcical quantities of energy produced from fossil fuel sources. The company doesn't buy even buy carbon credits (carbon credits are a scam, but buying carbon credits would at least make its crimes nonfraudulent):

https://pluralistic.net/2023/10/31/carbon-upsets/#big-tradeoff

Terawulf is a scam from top to bottom. Its NY state permit application promises not to pursue cryptocurrency mining, a thing it was actively trumpeting its plan to do even as it filed that application.

The company has its roots in the very dirtiest kinds of Bitcoin mining. Its top execs (including CEO Paul Prager) were involved with Beowulf Energy LLC, a company that convinced struggling coal plant operators to keep operating in order to fuel Bitcoin mining rigs. There's evidence that top execs at Terawulf, the "carbon neutral" Bitcoin mining op, are also running Beowulf, the coal Bitcoin mining op.

This is a very profitable scam. Prager owns a "small village" in Maryland, with more that 20 structures, including a private gas station for his Ferrari collection (he also has a five bedroom place on Fifth Ave). More than a third of Terawulf's earnings were funneled to Beowulf. Terawulf also leases its facilities from a company that Prager owns 99.9% of, and Terawulf has *showered * that company in its stock.

So here we are, a typical Bitcoin story: scammers lying like hell, wrecking the planet, and getting indecently rich. The guy's even spending his money like an asshole. So far, so normal.

But what's interesting about this story is where it came from: Hunterbrook Media, an investigative news outlet that's funded by a short seller – an investment firm that makes bets that companies' share prices are likely to decline. They stand to make a ton of money if the journalists they hire find fraud in the companies they investigate:

https://hntrbrk.com/terawulf/

It's an amazing source of class disunity among the investment class:

https://pluralistic.net/2024/04/08/money-talks/#bullshit-walks

As the icing on the cake, Prager and Terawulf are pivoting to AI training. Because of course they are.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/08/09/terawulf/#hunterbrook

[kirikomamura]

Windows will force terrible new features on you. Meanwhile on Linux you can look through the desktop widgets random community members have developed and laugh at the concept of having a live bitcoin price tracker on your desktop knowing it was just some guy who did it.

[ailtrahq]

The price fluctuations in the Shiba Inu shocked the Cryptocurrency market on Wednesday, September 27. The news was related to the vanishing of the Shiba Inu coin overnight which directly hiked the burn rate up to 1000%.  What is Actually Happening?  Shiba Inu (SHIB), one of the most popular meme coins introduced in August 2020 by Ryoshi, an anonymous founder. With time, the coin grasped much more popularity, ranking second in the list of meme tokens. Recently, the coin has become a highlight.  The coin vanished overnight, resulting in an increased burn rate. On Wednesday, a sudden hike was experienced in the burn rate of Shiba Inu, hitting 1000% in the past 24 hours. The action of permanent removal of some of the Shiba Inu toke from circulation is considered to be one of the main reasons behind the same. Based on the report of Benzinga, the hike came just after a staggering 164 Million SHIB tokens were indelibly removed from circulation. The prediction is made based on the data from Shibu Inc. burn tracker Shibburn. Considering the data of Etherescan, two dormant crypto wallets, including “0x6ab” and “0xA75”, received substantial withdrawals of SHIB tokens from exchanges such as MEXC and Binance. The withdrawal amount was around 16 Billion SHIB.  The current situation shows the emergence of new Shiba Inu whales in the market, holding around $500,000 in SHIB.        According to Shytoshi Kusama, the lead developer of Shiba Inu, the platform is planning to offer something unique to Crypto enthusiasts.  Shibarium, ShibaSwap’s gas token, the development team has revealed that the minting process for the remaining BONE supply is all set to be accomplished. Following the statement, rewards associated with the BONE over the ShibaSwap platform will be offered to the users soon. The rewards are expected to take the users to a new token named “TREAT”.   Current Stats of Shiba Inu  Shiba Inu gained much popularity in very little time, ranking second in the list of meme tokens only after Bitcoin (BTC). The passion of the SHIB community and the selling of NFT collections better represent the rising appeal of Shiba Inu in the crypto space.  Focusing on the current performance of Shibh Inu, the SHIB coin’s current price is $0.000007244, a hike of 0.39% in the past 24 hours. With a market cap of $4 Billion and a 24-hour volume of $78 Million, the coin is all set to rock the crypto stage.  The circulating supply of Shiba Inu is 589,346,914,631,298 SHIB and the total supply is 589,589,040,239,380 SHIB. The coin is available at cryptocurrency exchanges including Binance, Bybit, Cointr Pro, OKX, and DigiFinex.     Conclusion Shiba Inu, one of the main tokens in the cryptocurrency world experiencing high burn rates, vanishes millions of tokens overnight. The active involvement of the community with the coin buying and selling represents the bright future of Shiba Inu.      

[globeinsightshere]

QbitReview Review: Experience the Thrill of Trading on an Advanced Level

Investing in the market can be intimidating and challenging for traders of all levels. Getting stuck in the complexity and nuances of the markets is easy, and it can take years to become a successful trader. Whether a beginner or an experienced trader, QbitReview Review has something for you. From essential trading tools to advanced strategies, QbitReview develops your trading career. This QbitReview review will examine the platform's features, advantages and how to use them.

Whether you're making a purchase online to transfer funds, QbitReview has a suitable payment method for you! They offer a wide selection of payment options, including Visa, MasterCard, bank transfer (SWIFT, SEPA), and cryptocurrency. Plus, with their margin trading option, you can leverage up to 1:3, automatically borrow funds, and have negative balance protection.

QbitReview Review: Powerful Trading Tools to Maximize Success

The need for proper, up-to-date trading tools has never been greater as the cryptocurrency industry expands. QbitReview provides a suite of powerful and user-friendly trading tools to help maximize your success. Their tools include:

A market cap calculator.

A Bitcoin converter.

A Bitcoin ATM service locator.

An ICO performance tracker.

Market Cap Calculator

When it comes to trading cryptocurrencies, understanding the market cap of a particular coin is essential. The market cap of a cryptocurrency is the total market value of all the coins in circulation. To calculate the market cap of a particular cryptocurrency, you need to multiply its current price by the total number of coins. With the QbitReview Market Cap Calculator, you can quickly and easily calculate the market cap of any cryptocurrency.

Bitcoin Converter

If you want to purchase or sell Bitcoin, it is essential to have an up-to-date understanding of the current exchange rate. The QbitReview Bitcoin Converter lets you quickly and easily convert between two currencies. Whether you want to convert Bitcoin to US Dollars or Euros, their Bitcoin Converter covers you.

Bitcoin ATM Service Locator

Finding a Bitcoin ATM can be challenging, especially in a new city or country. The QbitReview Bitcoin ATM Service Locator lets you quickly and easily find a Bitcoin ATM near you. Enter your current location, and they will provide a comprehensive list of the closest Bitcoin ATMs.

ICO Performance Tracker

Initial Coin Offerings (ICOs) have become increasingly popular for funding new projects and businesses. With the QbitReview ICO Performance Tracker, you can track the performance of any given ICO. their tracker provides detailed information about the performance of each ICO, including the total funds raised, the number of tokens sold, and more.

Enjoy Flexible Payment Options – QbitReview Review 

They offer a variety of payment methods to suit your needs. Their most popular payment methods include Visa, MasterCard, bank transfer (SWIFT, SEPA), and cryptocurrency.

Visa: Visa is one of the most widely accepted forms of payment, taken in over 200 countries worldwide. When you use Visa to pay, your transactions will be processed quickly.

MasterCard: MasterCard is another widely accepted payment method, accepted in more than 210 countries. With MasterCard, your transactions will be processed quickly.

Bank Transfer (SWIFT, SEPA): Bank transfer, also known as wire transfer, is one of the easiest ways to transfer funds—these are two of the most famous bank transfer methods. With SWIFT and SEPA, you can transfer funds from one bank to another in minutes.

Cryptocurrency: Cryptocurrency is a digital currency that can be used to transfer funds anonymously. QbitReview accepts various cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and more.

QbitReview Review: Advanced Reporting Features to Keep Traders Informed

World Coverage

They offer payment services in 64% of countries around the globe. With their world coverage, you can ensure that your funds will be transferred quickly, no matter where you are.

Margin Trading

They offer margin trading options with leverages of up to 1:3. With their margin trading option; you can automatically borrow funds without needing to open a separate account. Plus, you have the protection of negative balance protection, so you won't have to worry about losing more funds than you have available.

Cross-Platform Trading

With QbitReview, traders can access their accounts and trade from any device, anytime. That includes trading from the website, mobile app, WebSocket and REST API. That makes QbitReview the perfect choice for traders who want to stay connected to the market and make the most of their time. Moreover, QbitReview offers a FIX API for institutional traders needing fast market access.

Advanced Reporting

QbitReview provides a range of advanced reporting features that help traders stay informed and in control of their accounts. That includes downloadable reports and transparent fees. With such detailed reporting, traders can keep track of their investments and confidently make decisions.

High Liquidity

QbitReview offers fast order execution, and high liquidity order book access for top currency pairs. That makes it easy for traders to get in and out of the markets quickly and without paying high fees. Moreover, they also provide various trading tools and strategies to help traders optimize their trades and maximize their profits.

QbitReview Review: A Comprehensive Online Trading Platform 

QbitReview is a comprehensive online trading platform designed to make trading accessible from any device. It offers simple and influential connections, allowing traders to access various analysis tools from any media. With more than 70 assets available to trade, QbitReview ensures that traders have a great selection of products. Furthermore, the platform also has a simple cash withdrawal system that makes trading easy. 

Accessible from Any Device

One of the essential features of QbitReview is that it is accessible from any device. Traders can access the platform from any computer, tablet or smartphone, making it very convenient to trade anywhere and anytime. In addition, QbitReview also supports different operating systems, including Windows, iOS, and Android. That allows traders to access the platform from a wide range of devices. 

Simple and Effective Connections

QbitReview also offers simple and practical connections. Traders can connect their accounts to the platform easily. In addition, the platform also allows traders to use different payment methods to make deposits and withdrawals. These features make it easy for traders to manage their accounts and transact on the platform. 

Wide Range of Analysis Tools

Another great feature of QbitReview is its wide range of analysis tools. The platform provides traders various technical indicators, charting tools, and other analysis tools. That ensures traders can access the information they need to make informed trading decisions. Furthermore, the platform also provides traders with an economic calendar, which helps them stay updated with the latest market news. 

More than 70 Assets Available to Trade

QbitReview also offers more than 70 assets available to trade. That includes stocks, indices, commodities, forex, and cryptocurrencies. That allows traders to have a wide selection of products to choose from. Furthermore, the platform also provides traders access to various markets, allowing them to diversify their portfolios. 

A Simple Cash Withdrawal System

QbitReview also offers a simple cash withdrawal system. That makes it easy for traders to access their funds quickly. In addition, the platform also provides traders with a variety of payment methods, which makes the process of withdrawing funds even more accessible. 

The Benefits of Using QbitReview's Trading Platform – QbitReview Review

There are many benefits associated with using QbitReview's trading platform, including:

Best Pricing, Execution and Liquidity: QbitReview's trading platform offers customers the best pricing, execution and liquidity. That ensures that traders can get the most out of their investments, as they can make trades quickly and at the most competitive prices.

Latest in Innovative Trading Technology: QbitReview's technology is designed to offer an intuitive and user-friendly interface, allowing traders to access and analyze markets quickly. The platform also provides advanced charting tools, such as auto-execution and backtesting, to help traders make the most informed decisions.

Explore Different Trading Instruments: QbitReview's platform offers various trading instruments, including stocks, Forex, CFDs, ETFs, etc. These instruments allow traders to diversify their portfolios and capitalize on different market opportunities.

Trade 24/7/365 with All-Year-Round Trading: QbitReview's platform allows traders to trade whenever and however they want, as the markets are open 365 days a year. That means traders can take advantage of market opportunities no matter where they are in the world.

Conclusion

QbitReview is an advanced trading platform that offers a range of features to suit traders of all levels. From cross-platform trading via website, mobile app, WebSocket and REST API to advanced reporting and high liquidity, QbitReview is designed to help traders maximize their time and resources. With QbitReview, traders can stay connected to the markets and confidently make informed decisions.

Disclaimer: This article is not intended to be a recommendation. The author is not responsible for any resulting actions of the company during your trading experience. The information provided in this article may need to be more accurate and up-to-date. Any trading or financial decision you make is your sole responsibility, and you must not rely on any information provided here. We do not provide any warranties regarding the information on this website and are not responsible for any losses or damages incurred from trading or investing.

[coineagle]

Unpacking the $330M Bitcoin Whale: A Deep Dive into Colossal Crypto Investment

Key Points

Bitcoin whale has accumulated 3577 tokens worth $330 million.

Bitcoin’s price has surged by 9.93% during this period.

Bitcoin [BTC] has shown a strong performance recently, setting new all-time highs five times since hitting a local low of $66,978. This surge in value has not only increased the profitability for existing holders but has also attracted new investors.

Whale Accumulation Amidst Rally

Contrary to usual behavior, large holders, or whales, have continued to accumulate Bitcoin during this rally. An on-chain tracker, Lookonchain, has reported that a whale has accumulated 3577 Bitcoin tokens worth $330 million in the past four days. This has brought the total holdings to 25298 tokens worth a staggering $2.5 billion.

This accumulation by whales is a positive signal, indicating their confidence in the market and an anticipation for further price appreciation.

Indicators of Bullish Sentiment

Several indicators point to the bullish sentiment among large holders. Bitcoin’s MVRV long/short difference has increased over the past week to 21.05%, showing that long position holders are in profit and expect further price gains.

Moreover, Bitcoin’s Large Holders Netflow to Exchange Netflow Ratio has declined from 3.77% to 0.55% on weekly charts. This sharp decline suggests that large holders are increasing their holdings and moving their Bitcoin off exchanges.

Lastly, Bitcoin’s Number of Large Transactions has surged to a weekly high of 32.02k, indicating that large holders are actively participating in this rally and are central to the recent price upsurge.

Impact on BTC’s Price

As expected, the increased whale accumulation and activity has had a significant impact on Bitcoin’s price. Over the past days, as the whale was accumulating, Bitcoin’s price surged from $90407 to $99k. Furthermore, over the past week, Bitcoin has surged by 12.82% to trade at $98,940 at press time, indicating a strong upward momentum amidst increased whale activity.

[cryptorushsnap]

What Are the Top Crypto Analysis Websites for Accurate Market Insights?"

Cryptocurrency markets are notoriously volatile, making timely and accurate analysis critical for traders and investors. Whether you're a day trader looking for real-time price movements or a long-term investor wanting deeper insights into blockchain fundamentals, the right crypto analysis website can significantly enhance your decision-making process.

In this blog, we’ll explore the top crypto analysis websites that offer valuable market insights, covering everything from price tracking and technical analysis to on-chain metrics and social sentiment. These platforms cater to various trading strategies and provide comprehensive data for both beginners and professionals.

1. CoinMarketCap

One of the most well-known crypto analysis platforms, CoinMarketCap, offers a broad range of data for nearly every cryptocurrency on the market. Launched in 2013, this site provides real-time price updates, market capitalization rankings, and trading volumes. CoinMarketCap is particularly useful for:

Tracking the overall performance of specific coins.

Comparing coins and tokens by different metrics.

Monitoring exchange liquidity and volume.

For newcomers, it offers a user-friendly interface that provides all the essential data in one place.

In addition to market data, the platform also provides educational content for beginners and daily news on the cryptocurrency landscape.

2. TradingView

TradingView is the go-to platform for traders who rely on technical analysis. While it covers various markets like stocks, commodities, and forex, TradingView is a favorite for crypto traders due to its advanced charting tools and customizable technical indicators. Key features include:

Interactive charts with hundreds of customizable indicators.

The ability to publish and share trading ideas with a community of analysts.

Real-time updates and alerts for price movements.

Whether you’re analyzing candlestick patterns, setting up Fibonacci retracements, or looking for RSI divergences, TradingView is an essential tool for technical traders.

3. CoinGecko

Like CoinMarketCap, CoinGecko offers comprehensive data on cryptocurrencies, but with a twist. It tracks more than just prices and volumes; it also factors in community engagement, developer activity, and liquidity metrics. This holistic approach gives users a clearer understanding of a coin’s growth potential and long-term viability.

CoinGecko is especially useful for comparing cryptocurrencies side by side, using metrics like GitHub activity and public interest in addition to price performance. The platform also features a DeFi tracker, allowing users to monitor decentralized finance projects.

4. Glassnode

Glassnode focuses on on-chain data analysis, providing deep insights into blockchain networks. It collects data directly from blockchain networks, offering metrics like:

Network health: Tracking the number of active addresses and transactions.

Holder distribution: Analyzing the concentration of coins in large wallets.

Transaction volumes: Monitoring the movement of coins across wallets.

This data is invaluable for understanding the behavior of large holders, often referred to as "whales," who have a significant impact on the market. Glassnode is particularly helpful for long-term investors who want to gauge the health of a blockchain and its adoption rate.

5. CryptoQuant

CryptoQuant provides detailed insights into exchange activity, focusing on the flow of assets between wallets and exchanges. By tracking the movement of Bitcoin, Ethereum, and other cryptocurrencies, CryptoQuant helps users identify trends such as:

Potential sell-offs: When large amounts of cryptocurrency are deposited into exchanges.

Accumulation phases: When major holders withdraw assets to cold storage.

Market sentiment: Analyzing whether traders are moving assets for sale or long-term holding.

The platform also offers alerts for significant market movements, making it easier for traders to react to sudden changes in sentiment.

6. Messari

Messari is one of the leading research platforms in the crypto space. It provides institutional-grade analysis through in-depth reports and daily newsletters. Some of its key features include:

Comprehensive crypto asset database: Compare various metrics across thousands of projects.

Research reports: Get expert analysis on major trends, market movements, and emerging technologies.

Customizable screener: Filter and track assets based on specific criteria.

Messari's professional approach makes it an excellent tool for serious investors and those looking for detailed market research beyond just price charts.

7. Santiment

Santiment blends on-chain data with social sentiment analysis to offer a unique perspective on the crypto market. The platform tracks:

Social media mentions: Gauging the overall buzz around a specific cryptocurrency.

Developer activity: Tracking GitHub commits to see if a project is being actively developed.

Network usage: Monitoring how often a blockchain is being used.

Santiment’s ability to combine these metrics makes it a great tool for traders who want to understand the sentiment behind price movements and identify opportunities before they appear on mainstream radar.

8. IntoTheBlock

IntoTheBlock leverages machine learning to analyze blockchain data and generate insights. Its analytics cover:

Transaction history: Track the frequency and volume of transactions.

Holders’ data: Analyze the distribution of coins among wallets.

Price correlation: See how different cryptocurrencies are correlated with one another.

One standout feature is its "signals" tool, which provides real-time alerts when there are significant shifts in the market, helping traders make informed decisions quickly.

9. LunarCrush

LunarCrush offers insights based on social media activity, focusing on how various cryptocurrencies are being discussed online. The platform aggregates data from Twitter, Reddit, and other social platforms to provide:

Sentiment analysis: Are people generally positive or negative about a coin?

Engagement metrics: How often is a coin being mentioned?

Influencer impact: Which influencers are driving conversations around a project?

LunarCrush is ideal for traders who rely on sentiment to make decisions, as it gives a clear picture of how a coin is being perceived by the broader community.

10. Skew

For those focused on derivatives trading, Skew provides in-depth analysis of futures and options markets. It tracks:

Open interest: The number of active contracts on a specific derivative.

Volatility: Understanding the potential price swings in the market.

Funding rates: The costs of holding a leveraged position.

Skew’s data is crucial for traders who focus on derivatives, giving them a comprehensive view of market conditions and potential price movements.

Conclusion

Navigating the volatile world of cryptocurrency requires accurate and timely insights. The crypto analysis websites listed here provide traders and investors with a wide range of tools to make better decisions, whether they rely on technical analysis, on-chain data, or sentiment analysis. By leveraging these platforms, you can stay ahead of market trends, spot opportunities, and minimize risk in your trading strategy.

Always stay informed and choose the tools that best suit your trading style to maximize your success in the dynamic world of cryptocurrency.

[toobit00]

Experience the Thrill of BTC Price Monitoring with Toobit.com

In the dynamic landscape of cryptocurrency, Bitcoin (BTC) continues to captivate investors with its dramatic price swings and market potential. For anyone involved in Bitcoin trading or investment, staying on top of BTC price movements is both thrilling and essential. Toobit.com offers a powerful platform designed to enhance your investment strategy by delivering real-time updates and insightful news on Bitcoin’s performance.

Why BTC Price Monitoring is Vital

The price of Bitcoin can fluctuate wildly within short periods, influenced by a range of factors including market sentiment, global economic events, and regulatory changes. For investors, this volatility presents both opportunities and risks. Monitoring BTC price effectively means you can capitalize on favorable market conditions and mitigate potential losses by responding swiftly to changes.

Toobit.com: Your Real-Time BTC Price Tracker

Toobit.com stands out as a premier tool for tracking Bitcoin price in real-time. The platform provides accurate and up-to-the-minute data, allowing you to keep a close eye on BTC’s value as it evolves. With Toobit.com, you’ll receive instant updates on price movements, making it easier to make timely decisions based on the latest market trends.

Stay Updated with Latest News

Beyond real-time price tracking, Toobit.com offers comprehensive news coverage related to Bitcoin and the broader cryptocurrency market. Staying informed about regulatory changes, technological advancements, and macroeconomic factors is crucial for understanding the context behind price movements. Toobit.com aggregates relevant news and provides expert analysis, giving you a well-rounded view of what’s impacting Bitcoin’s value at any given moment.

Making Smart Investment Choices

Having access to real-time BTC price data and current news empowers you to make smarter investment choices. Whether you’re looking to trade on short-term fluctuations or develop a long-term investment strategy, timely and accurate information is key. Toobit.com helps you stay ahead of market trends, enabling you to make well-informed decisions that align with your investment goals.

Conclusion

Monitoring BTC price with Toobit.com is more than just tracking numbers—it’s about engaging with the market in a way that enhances your investment strategy. The platform’s real-time updates and in-depth news coverage ensure that you’re always informed and prepared to act on the latest developments. Embrace the excitement of Bitcoin trading with Toobit.com and turn the dynamic nature of BTC price fluctuations into a strategic advantage for your investment portfolio.

[blockinsider]

Bitcoin Enthusiasts May Face Disappointment Amid Predicted Fed Rate Cuts, Experts Say

Key Points

Speculations of a Federal Reserve rate cut this year could have a complex impact on Bitcoin.

Bitcoin’s reaction to the rate cut will depend on the prevailing economic conditions.

The inflation report released yesterday has sparked discussions about a possible rate cut by the Federal Reserve (Fed) later this year.

However, the effect on Bitcoin (BTC) could be more intricate than some cryptocurrency enthusiasts anticipate. Lower interest rates typically result in an increase in fiat liquidity in the market, which could potentially boost demand for riskier assets like Bitcoin.

Market Expectations and Bitcoin’s Price

There’s a possibility that the market has already factored in this expectation. Since mid-2022, rumors of a potential Fed pivot have dominated market sentiment. This has arguably contributed to Bitcoin’s significant rally from $15,000 in late 2022 to record highs above $73,000 this year. As a result, the actual rate cut might trigger a subdued response.

The effect of a rate cut will largely depend on the economic conditions at the time. A rate reduction during a period of low inflation and a robust economy could significantly boost asset prices, including Bitcoin. On the other hand, a rate cut during a period of economic instability might prompt investors to abandon riskier assets for safer havens such as government bonds.

Markus Thielen, founder of 10x Research, stated that if the Fed cuts rates solely due to inflation concerns in September 2024, it could be short-term bullish for Bitcoin. However, if growth concerns drive the cut, either in September or later, Bitcoin might face significant selling pressure.

Bitcoin’s Previous Reactions to Rate Cuts

Thielen further added that Bitcoin tends to thrive during pauses in the Fed’s rate hike cycle. The initial rate cut often results in a lukewarm response. He explained that during the Fed’s pause from rate hikes until July 2019, Bitcoin experienced explosive growth, returning +169%. Following a seven-month pause in 2019, the Fed cut interest rates, initiating a steep rate-cutting cycle. Initially, Bitcoin responded positively, rallying +19% within a week after the July 31, 2019, rate cut. However, two weeks later, Bitcoin was back to flat.

Impact on the Stock Market

In addition, reports from MarketWatch suggest that the first Fed rate cut in a cycle usually leads to a significant stock market correction, with an average drawdown of around 20% over the following 250 days. A rate cut prompted by economic weakness could further hurt stocks.

As of Q2 2024, data from Fidelity’s business cycle tracker suggests that the US economy is in the late stages of expansion, with leading indicators like consumer sentiment and building permits hinting at potential softening ahead. If these signs translate into a more pronounced economic slowdown, a rate cut by the Fed might do little to prop up risk assets like Bitcoin.

[solanachain]

Solana Whale Transfers $68 Million in SOL to Binance: Is a Sell-Off Imminent?

Market Overview Today, on June 18, 2024, the overall cryptocurrency market is experiencing a massive price drop, affecting top assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Amidst this price drop, blockchain-based transaction tracker Whale Alert made a post on X, identifying that a Solana whale moved a massive 500k SOL worth $68.05 million to the world’s biggest cryptocurrency…

[multipurposethemes]

Crypto Admin Templates & Crypto Admin Dashboard the Rise of Web Apps

Crypto Admin

  Cryptocurrencies like Bitcoin and Ethereum have seen a meteoric rise in popularity and adoption over the past few years. This growth has sparked demand for cryptocurrency-focused web applications and dashboards to track portfolios, exchanges, mining operations, and more. As a result, comprehensive and customizable Crypto Admin Templates have emerged to meet this need.

Benefits of Cryptocurrency Dashboard Templates

Cryptocurrency Dashboard Template provide a ready-made foundation for building feature-rich web apps for cryptocurrency portfolio tracking, trading, analysis, and administration. They come packed with hundreds of UI components like charts, tables, user profile sections, authentication flows, and more out-of-the-box. Developers can use these templates to kickstart their crypto web app projects instead of coding everything from scratch.

Key Features of a Crypto Admin Template

Leading cryptocurrency dashboard templates like Crypto Admin Template and Crypto Admin Dashboard offer complete admin panel solutions for over 15+ virtual coin types. They incorporate advanced UI/UX design practices and follow web development best practices for performance, security, and scalability. Key features include:

Live crypto price trackers connected to real-time market data

Interactive historical price charts for technical analysis

Calculators to estimate profits across coin types

Wallet integration to view balances and transactions

Customizable dashboard views as per user needs

KYC verification tools for identity confirmation

Multi-language capability for global audiences

Responsive interface compatible on all devices

Accelerate Development Cycles

This ready-made Cryptocurrency Admin Dashboard help cryptocurrency companies, exchange platforms, wallet services, miners, and traders quickly create feature-packed web applications. The flexible and modular architecture allows for custom enhancements and white labeling as well. With cryptos growing exponentially, related web apps need to provide a great user experience while rapidly iterating on features. This is where Cryptocurrency Dashboard Template accelerate development cycles. Teams can devote more time to enhancing functionality rather than fixing UI/UX issues.

[clfcoin]

CLFCOIN Insight: Central Banks' Bitcoin Procurement Strategies

According to a survey by international investment bank Goldman Sachs, while many analysts have been focusing on the dynamics of gold purchases by central banks, they have not been paying enough attention to the interest of central banks in buying Bitcoin. According to David Williams, CEO and founder of CLFCOIN Group, news should be revealed this year that some sovereigns are secretly buying Bitcoin.

On Thursday, David Williams, CEO of CLFCOIN Group, noted that central banks have been buying gold at near-record levels, which has pushed up the price of gold. He stated, “People with currency printing presses are buying gold. That’s one of the reasons I’ve been optimistic about gold for the last six to twelve months, and it’s only now that it’s breaking out that central banks know what’s going to happen, that the economy is going to collapse and they’re going to have to print money again. That’s going to lead to more inflation. They want to back everything they can with physical gold, silver, rare earths and eventually bitcoin.”

However, Bitcoin will likely assume a larger role as a diversified investment for sovereigns. In fact, David Williams speculates that some central banks may already be secretly buying bitcoin as a reserve asset. He claims, “We’re going to reveal that not only has a sovereign (most likely Turkey) already put bitcoin on its balance sheet, but they’re continuing to buy it, just as they’re buying gold.”

Meanwhile, Bitcoin’s rise suggests that El Salvador’s crypto investments are starting to pay off significantly. After becoming the first country to adopt Bitcoin as legal tender in 2021, El Salvador’s treasury made an unrealized profit of $85 million from Bitcoin acquisitions that began from more than two years ago, according to the Nayib Bukele Portfolio Tracker website. This is based on the fact that the price of Bitcoin hit an all-time high on March 11, topping $72,000 USD. Since then, Bitcoin has hit another all-time high of just over $73,700.

El Salvador’s president, Naib Buclé, joked on social media that he is still waiting for the mainstream media to recognize the country’s gains in bitcoin. The country’s treasury holds 2,381 bitcoins at an average price of $44,292.

David Williams explained that the reason gold and bitcoin hit new record highs at the same time last week was because investors were in a false market based on monopoly games. He stated, “We have a false market. We have to recognize that it’s a false market; it’s a monopoly game. You can say we are not releasing money into the world, but the fact is we do release a lot of money. We are producing fiat currency.”

[dencyemily]

Bitcoin Cash and Loopring Navigate Market Correction with Recovery in Mind

In the face of a broader market correction, Bitcoin Cash (BCH) and Loopring (LRC) are emerging as notable contenders signaling potential recovery, driven by the liquidation of short positions. Santiment, a leading crypto intelligence tracker, reports that these altcoins are standing out amidst the general downturn in the crypto market, especially with intense shorting activity observed on platforms like Binance.

The crypto market at large is experiencing a correction, impacting various cryptocurrencies, including Bitcoin Cash and Loopring. Santiment's analysis sheds light on the prevailing bearish sentiment in the derivatives market, evident from the negative funding rates of both BCH and LRC, indicating a prevalence of short positions.

However, Santiment analysts propose an optimistic outlook, suggesting that this bearish sentiment could pave the way for a potential price rebound for Bitcoin Cash and Loopring. Historical data indicates that such scenarios often lead to recoveries when there is a significant liquidation of short positions. In the past 24 hours alone, BCH and LRC have witnessed $117,700 and $10,500 in liquidated short positions, respectively.

As of the latest data, Bitcoin Cash is trading at around $236.15, marking a nearly 4% increase, while Loopring is priced at $0.2328, reflecting an uptick of almost 4.8%. These modest increases align with Santiment's analysis, indicating the early signs of a potential recovery.

Bitcoin Cash currently holds a market capitalization of $4,641,103,269, placing it at the 22nd rank on CoinGecko. Additionally, the fully diluted valuation (FDV) of Bitcoin Cash is approximately $4,966,897,789. The FDV represents a theoretical projection of the maximum market cap, assuming the circulation of all 21 million BCH tokens.

In the midst of uncertainty and bearish trends in the current crypto market, the potential recovery of Bitcoin Cash and Loopring provides a positive narrative for investors. However, a cautious approach is essential, considering the inherent volatility of the cryptocurrency market.

[bitcoincables]

TV Personality Jim Cramer's Doubts and Erroneous Predictions about Bitcoin

TV personality and founder of hedge fund Cramer & Co. Jim Cramer referred to the decline in Bitcoin as a "nasty beginning to the sell-off" 😬.

In a post on X on January 19th, Cramer expressed doubts about the future growth of the first cryptocurrency. He argued that an asset cannot double in price by hundreds of billions in anticipation of an ETF. Cramer mentioned that well-known investor and trader Larry Williams had warned him against buying digital assets, stating that "the market is very far from the bottom of cryptocurrencies."

Many social media users consider Cramer to be an "indicator" whose predictions frequently turn out to be incorrect. They have observed that his assumptions often tend to move in the opposite direction. In response to his frequent erroneous predictions in the cryptocurrency space, the Inverse Cramer Tracker ETF was even created. Although not associated with Jim Cramer, this fund is based on his predictions and seeks to provide investment results that go against what he usually suggests.

It is worth noting that some of Cramer's previous predictions in the cryptocurrency market have not come to fruition. For instance, in October 2023, he stated he would not invest in Bitcoin due to downside risk. However, just two months later, Bitcoin's price surpassed $44,000, reflecting a 140% annual growth. Similarly, in January 2024, Cramer predicted that $47,000 would be the peak price for Bitcoin. Yet, just a few days later, the cryptocurrency's rate climbed over $48,500 following the launch of spot ETF trading.

Read the original article

[coineagle]

Decoding the Recent Bitcoin Price Dip: Causes and Future Prospects

Key Points

During Bitcoin’s recent price correction, whales and institutions moved assets worth hundreds of millions.

Bitcoin’s on-chain metrics and technical analysis suggest a potential upside rally.

After a significant rally, Bitcoin (BTC) experienced a substantial price correction. From 26th to 29th October, the cryptocurrency drew considerable attention due to its 11% price rally. However, this rally was short-lived.

Understanding the Price Correction

Investors and traders should note that a price correction after a significant rally can be a positive sign for the long term. It might support a potential price surge in the future. As such, this price correction might have been anticipated by some. During this correction, whales and institutions moved assets worth hundreds of millions.

Whale Activity Amid Price Correction

As per the blockchain-based transaction tracker Lookonchain, Mt. Gox’s wallet transferred 500 BTC worth approximately $35.04 million during the morning hours of the Asian trading session. Moreover, another whale purchased the dip, adding 550 BTC worth $38.68 million as the price fell to its critical support level.

According to a technical analysis, BTC seemed to be retesting its breakout level of $69,235 of the decline channel price action pattern at press time. If BTC maintains this level, it could potentially rally significantly in the upcoming days. Currently, BTC was trading above the 200 Exponential Moving Average (EMA) on the daily timeframe, indicating an asset trend on an uptrend. The Relative Strength Index (RSI) also suggested a potential upside rally.

Bitcoin’s positive outlook was further supported by its on-chain metrics. According to the on-chain analytics firm Coinglass, BTC’s Long/Short ratio had a press time value of 1.09, indicating strong bullish sentiment among traders. Additionally, Open Interest increased by 17%, indicating growing interest in the asset among traders.

[abhisainius]

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[blockinsider]

Golem, Ethereum ICO Trailblazer, Shifts $100M ETH to Exchanges in Recent Month

Key Points

Golem, an early Ethereum ICO, has transferred over $100 million worth of Ether to various cryptocurrency exchanges in the last month.

This move is expected to increase selling pressure on ETH prices and could impact market sentiment and trading volumes.

Golem, a pioneer in initial coin offerings (ICOs) during the early days of Ethereum, has transferred more than $100 million worth of Ether (ETH) to various cryptocurrency exchanges in the past month. This significant amount is anticipated to heighten selling pressure on ETH prices in the short term, potentially affecting market sentiment and trading volumes.

Potential Asset Liquidation

Information from Arkham indicates that Golem’s primary wallet has been actively transferring ETH to platforms like Binance, Coinbase, and Bitfinex. These transactions, mostly under $10 million each, suggest a planned effort to liquidate the assets.

Crypto tracker Lookonchain revealed today that Golem sold 24,400 ETH ($72 million) on major exchanges within the past three days. Currently, Golem’s remaining holdings are 127,634 ETH ($372 million).

Market Impact and ICO History

The liquidation of Golem’s ETH holdings could significantly influence the market. Despite rumors of a potential exchange-traded fund (ETF) approval, Ethereum has struggled with significant volatility and has failed to cross the $4,000 mark as expected.

Investors and analysts are closely watching these developments to determine how Golem’s liquidation strategy will affect broader market dynamics, particularly amidst ongoing volatility in the crypto space.

Golem was established during the 2016 ICO boom. ICOs emerged as a popular fundraising method in the cryptocurrency space from 2016 to 2019. They allowed blockchain projects to raise capital by issuing tokens to investors in exchange for cryptocurrencies like Bitcoin or Ethereum.

Golem raised 820,000 ETH in November 2016, when the price of ETH was only $10.2. The project aimed to build one of the first decentralized computing marketplaces. Despite its innovative goals, such as enabling AI computations through its network, Golem’s token, GLM, has faced challenges in maintaining market value. The platform has recently embarked on a bid to diversify its operations.

In June, Golem announced plans to start staking its ETH reserves. This move aims to generate yields to support operations, foster ecosystem growth, and enhance decentralization efforts across the Ethereum network.

In addition, Golem’s latest roadmap update revealed its intensified focus on developing AI tools and optimizing (Graphics Processing Unit) GPU utilization. Teaming up with partners like GamerHash AI, Golem aims to harness the computing power of gamers’ PCs for AI computations. This initiative allows gamers to monetize their GPU resources by renting them out to customers in need of GPU processing power.

By diversifying its product offerings, Golem aims to revive interest in its decentralized computing platform. Recent token liquidations are seen as a strategic move to double down on investments in this evolving sector.