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➡️ Follow @Bitcoins to get latest news, Fundamentals and TA about bitcoin and the crypto market.
Bitcoin Halvings Roadmap 👆🏼
Despite the fact that the last Bitcoin will be mined in 117 years, $BTC circulating supply will exceed 93.7% during the nearest 2024 halving.
@Bitcoins
Unrealized profits exceed losses hinting at renewed hope in the system.
@Bitcoins
"It took $BTC 6 months to get 1,000 users; 5 years to find 1 million users.
Today, 14 years from inception, it has 300 million+ users, 4% of the world.
At current growth rates, 1 billion users will be hit in the next 3 years. That's 12% of the world."
©️ Willy Woo, Bitcoin analyst
@Bitcoins
PayPal held $604M of customers' crypto as of year-end 2022, according to its annual report to the U.S. SEC.
$BTC: $291million
$ETH: $250 million
$LTC & $BCH: $63 million
At the end of September 2022, the company held $690 million in crypto.
@Bitcoins
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Mississippi Senate passes historic bill protecting #bitcoin mining 🇺🇸
“It shall be legal in the State of Mississippi to run a node for the purpose of home digital asset mining” and “operate a digital asset mining business”
https://twitter.com/DocumentingBTC/status/1623674546980106241
@bitcoins
🔹Pairs: GFT/USDT and GFT/BTC
🔹Deposit: now open (network: BEP20)
🔹Trading: 10:00 AM on February 13, 2023 (UTC)
https://twitter.com/kucoincom/status/1623987341319884801
📍 Follow @Coins for the hottest news in crypto.
LocalBitcoins will discontinue its service
https://localbitcoins.com/service_closure/
@bitcoins
SPX:
🟠Broke the descending resistance and also the horizontal resistance 🚀
🟠Market structure Bullish🚀
🟠Golden pocket done ✅ [200MA crossed the 50MA ]
😱@Market
Ark Invest investment company Katie Wood has published its long-term forecast (until 2030) on the BTC rate change:
• Bearish – provides for an increase in the price of BTC to $258,500
• Basic — increase in the value of the cryptocurrency up to $682,800
• Bullish — the asset price rises to $1.48 million.
For the calculation, analysts took into account 8 factors, for example, the amount of funds invested in cryptocurrency by institutions and the amount of transactions in digital assets.
https://ark-invest.com/big-ideas-2023/
📍 Follow @Coins for the hottest news in crypto.
Daily Important Hits (February 06,2023)
⭐️ STOCKS ⭐️ INDICES ⭐️ FOREX
🌍Lula says 'no explanation' for Brazil's current interest rate levels.
🌍Euro zone yields rise, spreads widen before central banks’ speakers.
🌍FTSE 100 slips from record high on Fed rate jitters.
🌍Hungary cbanker: demand, raw materials prices retreating
🌍Thai inflation seen slowing, back to target this year -finmin.
🌍Kuroda defends BOJ's current stimulus as best way to hit inflation target.
🌍Japan finance minister says he was 'out of the loop' on BOJ gov nomination.
🌍Wall Street extends Friday's declines early.
🌍Hedge funds caught in bigger squeeze than 2021 meme stock frenzy - Goldman Sachs note.
🌍Eurozone banks: sellside least bullish in a year.
🌍Sri Lankan shares snap 3-day rally as financials weigh.
🌍Currencies ease as dollar gains, Polish and Romanian cbank decisions in focus.
🌍Russian rouble recovers after clipping near one-month low vs dollar.
🌍South Korean shares, currency, bond prices all dive after U.S. data.
😱@Market
>50% of all circulating bitcoins $BTC have not moved for more than 2 years. This is a new historic high on adopting a HODL strategy.
@Bitcoins
#BTC #CME_FUTURES
https://www.tradingview.com/x/xgInWCom/
Bitcoin didn't sweep the lows at 22300$ but it quickly reclaim the 22900$ which is good and goes accordingly with analysis...
It's still being rejected from Monthly and Weekly resistances albeit weekly is printing a Spinning Top inside Weekly Order Block (need Sunday close confirmation).
"Spinning tops candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand."
Price Action isn't great on daily and showing difficult to go above 24k, leaving us with a range between 24k resistance and 22.6k support, where it did breakout from the top trendline and has 70.6% fib as support together with 200 MA on daily!
A sweep of the lows as analyzed previously has a high probability since it's below resistance and PA isn't looking goood!
@Bitcoins
While Bitcoin’s correlation with risk assets has weakened in 2023 stabilizing around .5, its correlation with safe-haven gold has risen to its consistently highest levels in over a year.
@Bitcoins
The public bitcoin miners have released their production updates for the first month of 2023, revealing continuous hashrate expansion and significant growth in bitcoin production from the previous month. By Hashrateindex.
@bitcoins
Jeff Currie, Global Head of Commodities Research at Goldman Sachs, identifies Bitcoin's asset class in the broadcast of Bloomberg.
"It is a commodity [since] commodities do not have liabilities."
@bitcoins
Coinkite's newest and most advanced Bitcoin wallet — The Coldcard Q1
@bitcoins
#BTC
https://www.tradingview.com/x/NBHRTcnE/
This whole area is a range and BTC swept some lows as it was expected for a while and seems to be forming a descending channel which is a bullish pattern normally ending with a double bottom showing some bullish divergence...
As long as it remains inside channel it's okay and should be a bullish consolidation!
Red path is the one you don't want to see BTC following... Orange is the one I mentioned above with double bottom and still with the possibility to sweep more lows tapping liquidity.
@Bitcoins
The current Bitcoin $BTC drawdown mirrors that of 2017-2018.
@bitcoins
Buying banana bread with Bitcoin lightning⚡️ in Germany.
@bitcoins
The 7-day moving average of daily transactions on the Bitcoin network reached 312.6k on Saturday, a new high since February 2021.
A lot of hype has recently broken out over the Ordinals Bitcoin NFTs. These NFTs take advantage of upgrades made with Segwit and Taproot that make it cheaper to store data in transactions.
📍 Follow @Coins for the hottest news in crypto.
Bitcoin Taproot activity has lifted adoption metric to an ATH 7.47%, and utilization to 2.84%.
@Bitcoins
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