💰 Bitcoin price falls below $39,000 as indicators suggest risk of a deeper correction, according to Bitfinex 📉
The bitcoin price has fallen below the $39,000 mark, leading to an increased risk of a further price correction from the short-term holder cohort, Bitfinex analysts said. "The tendency of short-term holders to react more acutely to short-term market fluctuations means there is a possibility of a further substantial price correction, with critical support levels only at $38,000 and $36,000," they noted. This market shift could result in increased sell pressure from the short-term holder cohort, analysts added.
Source
@TradeCryptoNow
Explore smart chats with our Telegram ChatGPT DALL-E Bot! 🤖 Get instant Bing info, create AI images, and more. Start now: /channel/ChatGPT5_DALLE_Bot?start=ref-0449 🚀
(It’s ChatGPT4 for free instead for 20$ directly in your Telegram messenger)
🏦 Coinbase CLO Fires Back At US GAO’s Concerns On Crypto Evasion Of Sanctions
The Coinbase Chief Legal Officer (CLO), Paul Grewal, has vehemently countered a recent report by the U.S. Government Accountability Office (GAO). The report raised concerns about the use of cryptocurrencies to evade U.S. economic sanctions. The GAO report highlighted instances where foreign states facing U.S. sanctions used cryptocurrencies like Bitcoin (BTC) to circumvent the intended impact of economic restrictions.
Source
@TradeCryptoNow
🦊 MetaMask introduces Ethereum validator staking feature, powered by Consensys
MetaMask, the popular crypto wallet application, has partnered with Consensys Staking to run Ethereum validator nodes on behalf of users willing to stake at least 32 eth, a current value of about $80,000. Following its transition from a proof-of-work network to a proof-of-stake network in the September 2022 known as ‘The Merge,’ Ethereum’s network is now secured by such validators. Many
Source
@TradeCryptoNow
💰 GBTC's Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus
U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In just the past 24 hours, the trust shed over 14,300 bitcoin, decreasing its total holdings to 566,973 bitcoin.
Source
@TradeCryptoNow
Join the best 5 Crypto Channels on Telegram NOW
1️⃣/channel/FinancialWorldUpdates
2️⃣/channel/Bitcoin_Insights
3️⃣/channel/ChartsSignalsTrading
4️⃣/channel/CryptoWorldNews
5️⃣/channel/Cryptocurrency_Inside
Subscribe to all crypto channels
💰 Ark Invest Diversifies Crypto Holdings, Buys $15.9 Million of Its Own Spot Bitcoin ETF
Ark Invest has transitioned $15.9 million from the Proshares Bitcoin Strategy ETF to its in-house Ark 21shares Spot Bitcoin ETF.
Source
@TradeCryptoNow
🥇 Bitcoin Miners Offload 10,600 BTC in 24-Hours: Data
Bitcoin miners are on a selling spree as outflows hit a multi-year high with massive stash of BTC being sent to exchanges. 2024 kicked off with a tumultuous journey for Bitcoin, marked by the introduction of new spot ETFs on US markets. Bitcoin’s entry into traditional finance represents a historic move, but miners seem to be selling off their holdings. This development is especially significant in light of the recent fluctuations in Bitcoin’s price.
Source
@TradeCryptoNow
💰 Bitcoin just became the second-largest commodity ETF in the US, surpassing Silver.
Spot Bitcoin ETFs have soared to $27.9 billion, holding 647,651 Bitcoin.
Grayscale alone has about 600,000 Bitcoin.
@CryptoMagazine ✅
Explore smart chats with our Telegram ChatGPT DALL-E Bot! 🤖 Get instant Bing info, create AI images, and more. Start now: /channel/ChatGPT5_DALLE_Bot?start=ref-0449 🚀
(It’s ChatGPT4 for free instead for 20$ directly in your Telegram messenger)
💰 Bitcoin Hits Peak Interest on Google Trends Following SEC's ETF Approvals
In the week spanning Jan. 7th to the 13th, 2024, Google Trends revealed a peak interest score of 100 for the search term bitcoin. A closer examination of Google Trends over the past three months highlights that this interest surged to its apex on Jan. 11. This was the day after the U.S. Securities and Exchange Commission (SEC) sanctioned 11 spot bitcoin exchange-traded funds (ETFs).
Source
@TradeCryptoNow
Explore smart chats with our Telegram ChatGPT DALL-E Bot! 🤖 Get instant Bing info, create AI images, and more. Start now: /channel/ChatGPT5_DALLE_Bot?start=ref-0449 🚀
(It’s ChatGPT4 for free instead for 20$ directly in your Telegram messenger)
💰 Kevin O'Leary Says He'll Never Buy Bitcoin ETF — Prefers to Hold BTC Long Term
Kevin O’Leary, aka Mr. Wonderful, says he will never buy a spot bitcoin exchange-traded fund (ETF) as he is holding bitcoin for the long term as digital gold. “Why would I pay these fees?” he said, adding that spot bitcoin ETFs “add no value” and are “completely unnecessary.”
Source
@TradeCryptoNow
🥇 Bitcoin Hashrate Hits New All-Time High Amid Spot ETF Frenzy
Bitcoin’s hash rate, that is the network’s computing power, recently reached a new all-time high amidst the frenzy that came with the debut of spot Bitcoin ETFs in the US. According to data from IntoTheBlock, the Bitcoin hashrate reached an all-time high of 630.91 million TH/s or 630 EH/s on January 11, less than 24 hours after the U.S. Securities and Exchange Commission approved 11 Spot Bitcoin ETFs in the country.
Source
@TradeCryptoNow
💰 Bitcoin Dumps To $42,000 Triggering $338 Million In Liquidations
Bitcoin’s spot ETF approvals prove to be a sell the news event amid a 10% daily drop for the crypto asset. According to Coinglass, over 101,000 crypto traders have been liquidated in the past 24 hours. The largest individual liquidation took place on a Bybit BTC/USD trade for $4.5 million. Most liquidations ($271 million) were on long positions.
Source
@TradeCryptoNow
📉Bloodbath Continues as Altcoins Keep Plunging and BTC Dumps to 7-Week Low
The total crypto market cap has lost approximately $100 billion in the past two days alone. The adverse price movements in the cryptocurrency market continue, with BTC dropping below the coveted $40,000 mark for the first time in nearly two months. The altcoins have suffered even more, with major losses from the likes of SOL, AVAX, DOGE, DOT, LINK, and others.
Source
@TradeCryptoNow
🪙 Ether supply could be affected by Ethereum's Dencun upgrade, analyst says
The supply of ether could be impacted by the Ethereum network's upcoming Dencun upgrade, according to CoinShares Ethereum research associate Luke Nolan. The Dencun upgrade will enable Layer 2 transactions to be sent to the Ethereum network through blobspace, an alternative to the current transactional calldata mechanism. This could result in reduced gas usage and, consequently, a lower amount of ether being burned.
Source
@TradeCryptoNow
Place your Advertising now in the @TradeCryptoNow channel.
➖ Over 100.000 subscribers
➖ Over 180.000 Views daily
Admin: @TradeAdmin
📣 CFTC Files Civil Enforcement Action Against Bogus Crypto Exchange Debiex
The U.S. commodities regulator revealed on Jan. 19 that it had filed a civil enforcement action against a bogus digital asset exchange platform. According to the Commission, Debiex customers were not aware that the entire set-up was a clever scam designed to dupe prospective investors.
Source
@TradeCryptoNow
💰 Bithumb Bitcoin Trading Skyrockets to Nearly $3 Billion in January, Leaving Upbit in the Shadows
Bitcoin trading on Bithumb reached an impressive $3 billion, while Upbit faced challenges with its volume remaining below $1 billion. In the last month, there has been a notable increase in crypto trading in South Korea. Kaiko’s latest analysis reveals a substantial surge in Bithumb’s Bitcoin volume, even though zero-fee trading was introduced several months ago. The trading volume of the flagship crypto asset on the platform appears to be approaching a whopping $3 billion.
Source
@TradeCryptoNow
💰 SEC acknowledges Nasdaq’s spot Bitcoin ETF options request
Options trading for spot Bitcoin ETFs may be up after a Securities and Exchange Commission nod allowed multiple “non-security commodity” funds to list on U.S. exchanges. Nasdaq submitted 19b-4 filings with the SEC to amend listing rules allowing trading derivatives on ETFs underpinned by Bitcoin (BTC).
Source
@TradeCryptoNow
💰 Bitcoin mining reaches new all-time high of 54% renewable use
The report, released on Jan. 18 by Bitcoin (BTC) environmental, governance, and corporate governance (ESG) analyst Daniel Batten, is based on data from the BEEST model and an in-depth analysis of publicly available information, highlights that Bitcoin mining’s sustainable energy usage has soared to an unprecedented 54.5%, marking a 3.6% increase over the calendar year 2023.
Source
@TradeCryptoNow
🚀 Stay Ahead in the Crypto Universe with a Single Tap! 🌐
🔗 Click here: Join Crypto News Channels and instantly become part of five essential crypto news channels on Telegram!
🌟 What's Included?
1. @BitcoinNews 🌟: Dive into the Bitcoin buzz! Get all the latest on the king of cryptocurrencies.
2. @EthereumNews 🔷: Ethereum at your fingertips! All crucial Ethereum updates, just a click away.
3. @Altcoinnews 🪙: Explore the world beyond Bitcoin! Stay ahead with news on all alternative coins.
4. @TradingNews 📈: Trading made easy! Charts, analyses, exchange news - never miss a beat.
5. @MetaverseNews 🌌: Your gateway to the metaverse! Stay informed on everything metaverse-related.
💥 Don't Miss Out!
🔔 Join all five channels now:
[Click Here]
🌍 Stay informed and make savvy crypto decisions with these top-notch news sources.
🔖 #CryptoUpdate #StayInformed #JoinNow
🟠 Binance launches AltLayer on Launchpool, expands crypto investment options
Binance has recently introduced AltLayer (ALT) as the 45th project on its Binance Launchpool platform. AltLayer is focused on developing native and restaked rollups, incorporating both Optimistic and ZK Rollup Stacks, representing a significant innovation in the cryptocurrency sector.
Source
@TradeCryptoNow
💰 $9.6 Billion in 3 Days — ETF Analyst Highlights Remarkable Early Success of Bitcoin ETFs
On Tuesday, the third day of trading for the U.S.-based spot bitcoin exchange-traded fund (ETF), there was a noticeable decrease in activity with trading volumes falling by 37% from the levels seen on Jan. 12, 2024. The day concluded with most funds slightly over 1% lower against the U.S. dollar, with Grayscale’s GBTC capturing the lion’s share of the trading volume.
Source
@TradeCryptoNow
💰 Coinbase Prime hot wallet leads weekly Bitcoin trading with $11.4 billion volume
Coinbase Prime, the crypto platform explicitly designed for institutional investors, trusts, and high-net-worth individuals, has seen a dramatic increase in trading activity following the U.S. spot Bitcoin ETFs launch.
Source
@TradeCryptoNow
🇰🇷 South Korea's Crypto Volumes Peak in 2024 as Upbit and Bithumb Dominate Local Market
In the last 100 days, South Korea’s crypto trading activity has experienced a significant upswing. The country’s leading crypto exchanges, Upbit and Bithumb, recorded their highest trading volumes in the initial week of January 2024.
Source
@TradeCryptoNow
💰 Reported ‘transfer’ of $15B XRP was part of a failed exploit attempt
According to Bitfinex chief technology officer Paolo Ardoino, an attacker attempted to make use of XRP’s partial payments feature to exploit his crypto exchange but failed.
Source
@TradeCryptoNow
🇺🇸 US Lawmaker Expects Donald Trump to Become 'a Lot More' Crypto Friendly in Second Term as President
U.S. Representative Tom Emmer expects former U.S. President Donald Trump to become “a lot more” friendly toward cryptocurrency if he returns to the White House.
Source
@TradeCryptoNow
🥇 Grayscale moves $183m in BTC amid ETF fee competition
Grayscale Bitcoin Trust transferred approximately 4,000 BTC to Coinbase Prime deposit addresses
Source
@TradeCryptoNow