Related: Bitcoin Whales and Sharks Trigger Active Sell-Off Amid Price DipChart SAVMAt the onset
Related: Bitcoin Whales and Sharks Trigger Active Sell-Off Amid Price Dip
Chart SAVM
At the onset of the dispute, SAVM experienced a significant downturn, plummeting from its ATH (All-Time High) of $15 to just $3 per token. Despite a momentary surge of several thousand percent in SAVM's market capitalization to approximately $90 million, according to DEXTools data, the token's price is currently showing signs of recovery.
4-hour SAVM/USDT Chart on TradingView at 4:27 AM on January 26, 2024
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making aterm Bitcoin holders, have accumulated a lot of Bitcoin during the 2023 bull run, according to temporal data. The recent crypto market sell-off notable comes at a time in which a recent JPMorgan research report cast doubt on the impact of spot Bitcoin ETFs on the market.
The team of analysts, headed by Kenneth Worthington, anticipate that the spot Bitcoin ETFs, which have been a driving force in reviving the ecosystem, may not meet market expectations. Furthermore, the analysts voiced their concern that any letdown in ETF fund flows might dampen the excitement that has fueled the surge in cryptocurrency.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decihttps://pravez.io/?ref=mahar&fbclid=IwAR39gHXGrtKxhJ1jfHFSX-m_yBJUxctYpYoRWmPVKEaxaCg4trbzpdpatq0previous peak in November 2021.
Beyond the technical aspects, proponents of Ethereum point to the decreasing issuance rate. Ultrasound Money data reveals that the network has been actively burning thousands of ETH, effectively reducing the overall supply. Furthermore, Larry Fink, the CEO of BlackRock, lends support to Ethereum's potential by asserting that it will emerge as the preferred network for tokenizing real-world assets (RWAs) in the years to come.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a de✅ Verifying my account on @ice_blockchain with the nickname: "komg6466"
👉 Learn more about "The Decentralized Future" that #IceNetwork is building. 👇
#Binance #HTX #KuCoin #OKX #Bybit #Gateio #Upbit #Crypto #Blockchain #Web3 #Altcoin #Bitcoin #Ethereum
Bloomberg ETF analyst Eric Balchunas, in a Jan. 25 post, observed that GBTC outflows appear to be "seemingly trending down," although he acknowledged that it still constitutes a substantial figure. Balchunas, in earlier analyses, had emphasized the presence of "too many unknowns" to accurately predict when the anticipated "mass exodus" from GBTC would cease.
Over nine trading days, GBTC has witnessed an outflow of 106,092 BTC, equivalent to approximately $4.4 billion. Despite the slowdown in daily outflows, it is essential to note that this does not definitively signal the conclusion or deceleration of the GBTC "bleeding." Balchunas had previously estimated that GBTC would need to shed around 25% of its outstanding shares before a cessation of outflows could be anticipated.
Related: Bitwise Takes Lead as First US Bitcoin ETF to Publicly Share Wallet Address
Arkham Intelligence, a blockchain tracking firm, has cautioned against potential misinterpretation of GBTC outflow data displayed on its platform. In a post on Jan. 24, Arkham clarified that the outflow data for GBTC on its platform is divided between Coinbase Prime and new GBTC custody addresses. This implies that not all BTC moved from Grayscale's Bitcoin Trust is necessarily being redeemed.
The explanation provided by Arkham highlighted the intricacies of Bitcoin transaction outputs due to the input-output structure of its blockchain. It pointed out that Bitcoin transaction outputs are often distributed among multiple addresses. Furthermore, Arkham noted that GBTC custody wallets frequently send funds to multiple addresses, resulting in some of the BTC sent in a transaction going to an address different from the main recipient shown in the transaction panel.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when makin
Related: Outflow of GBTC Funds Approaching Depletion
The quarter showcased diverse performance across Tesla's divisions. While automotive revenues experienced marginal growth, the energy generation and storage segment reported an impressive 10% increase in revenue. On a positive note, services and other revenue surged by 27%, underscoring the company's expanding market reach. However, the overall gross profit witnessed a notable decrease of 23%, and the operating income took a significant 47% dip, reflecting the competitive and challenging economic landscape.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when mak
Risk Warning
Choosing skilled traders partially helps you capitalize on good profit opportunities. With hundreds of professional traders on BingX, you have a diverse range of choices. However, in any market participation, there are always potential risks and losses. Careful consideration is essential before getting involved.
These are the tips to help you engage in effective Copy Trading. Best of luck!
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a de
The court order states, "It is ordered that the condition permitting Defendant to return to the UAE pending sentencing is stayed until such time as this Court resolves the Government’s motion for review."
This legal saga marks a pivotal moment in the ongoing regulatory and legal hurdles confronting the cryptocurrency industry. Changpeng Zhao, a dual citizen of Canada and the United Arab Emirates, now stands at the epicenter of a case with potentially profound implications. The court's refusal to grant him travel permission reflects a zero-tolerance stance by U.S. authorities toward any violations of anti-money laundering laws.
CFTC Issues Groundbreaking Ruling Against Binance and Changpeng Zhao
Adding to Zhao's complexity is the substantial financial penalties imposed on both him and Binance as part of a settlement with the Commodity Futures Trading Commission (CFTC). The court mandates that Zhao personally pay a $150 million civil monetary penalty. Additionally, Binance is obligated to disgorge $1.35 billion in alleged ill-gotten transaction fees and pay an additional $1.35 billion penalty to the CFTC.
Related: The US Court Continues to Deny CZ's Application to Return to the UAE
These penalties underscore the gravity of the violations and emphasize the U.S. government's commitment to enforcing regulations within the cryptocurrency sector. Facing a maximum prison sentence of 10 years, Zhao has committed not to appeal any sentence up to 18 months, signifying his acknowledgment of mistakes and his determination to take responsibility.
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decisio
