🔹ETH UPDATE:
ETH is forming an ascending triangle in an 8hr time frame. Currently, it is trading at the resistance. ETH needs to break and close above this resistance area for more bullish movement in the market. On the other hand, a rejection from here will take us to the lower area and as you know Alts will follow ETH so if ETH dumps from here, Alts also dump.
Stay safe until we break and hold above this resistance area. Will keep updating you.Stay tuned and pin our channel at the top.
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⚡️Gemini co-founder says $2.8 billion Genesis "defrauded" Gemini and over 340,000 of their users.
👉🏻 Take your Bitcoin off exchanges! 🥇
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🟠 Binance annual revenue grew 10x over the past two years. It was around $12B in 2022.
💰 Huobi’s quarterly revenue dropped -98% since 2021 Q2.
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🟠 New analysis shows Binance is bleeding assets at a dangerous rate, with over $12 billion vanishing in less than 60 days, much worse than CEO CZ indicated last month.
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Days it takes for 💰Bitcoin price to recover back to peak across cycles.
Base case is a 2013-2015 like market in current liquidity and macro conditions.
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✨ Satoshi Nakamoto announcing the 21 million 💰Bitcoin limit exactly 14 years ago
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⚡️ LG to add meta universe support to its TVs
The company has partnered with Web3-based gaming and music platform Oorbit, making it possible for future generations of LG TVs to:
▪️ Attend virtual concerts;
▪️ Play multiplayer games;
▪️ Communicate with friends and shop;
▪️ Create and customize your avatar
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💰 BTC is still moving inside the triangle and reaching slowly to the decisive area. Break out from the triangle (Daily close above $17.2k) will trigger a bullish rally in the market. Or if we got a rejection from here then we might see some more consolidation.
Overall waiting for a clear move to decide anything. Till then waiting patiently.
Stay tuned and pin our channel at the top for more updates.
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According to Arcane Research, in 2022, Binance controlled 92% of the Bitcoin spot trading volume!
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Nearly 78% of Bitcoin’s total circulating supply is illiquid. This leaves less than 22% of all mined BTC on exchanges. The metrics show investors have been storing their Bitcoin in custodial wallets, to avoid selling them. 15M BTC is now held in self-custody storage.
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🇨🇭 Switzerland’s City of Lugano says citizens and visitors can now live there using only 🥇Bitcoin as "hundreds" of merchants accept BTC .
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💰BTC UPDATE:
BTC is forming a symmetrical triangle in daily time frame where breakout or breakdown will decide the next move. If it breaks out the triangle (Close above $17.5k in daily chart) then we will see a bullish rally up to $20k level. On the other hand if it breaks down the triangle then it will be bad for overall market and in that case we might see a new low.
Let's see how this goes. Will keep updating you. Stay tuned.
🤝 @Cryptocurrency_Inside
Bitcoin has a very clear 4 year halving cycles which it followed all previous years.
Top of each cycle comes to November-December. Bottom forms 1-1.3 years after that top. Bottom consolidation period usually correlates with 0.5-0.75 period of bearish cycles which corresponds with December'22-June'23.
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👀 SBF arriving at the US District Court in NYC.
👉🏻 He's expected to plead not guilty.
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Between 10% and 51% of employees fired crypto companies in 2022 🥶
Mass layoffs in the crypto industry have two reasons:
▪️ The bear market led to a decrease in trading volumes and, as a result, a drop in income.
▪️ Loss of trust in centralized companies as a result of restrictions and the collapse of FTX.
For the first 3-6 months of 2023, there is a high probability that the trend towards cost reduction in crypto companies will continue.
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🇳🇵Nepal orders internet service providers to block crypto-related websites and apps.
👉🏻 We hope the government reconsiders this decision in order to foster innovation & growth in the country’s tech industry. 🥇
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📊 Big week ahead!!
Jan 10 : Powell speaks
Jan 12 : US CPI inflation data
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⚡️Financial asset classes as a percentage of the total in the world
💭Bitcoin is only at the beginning of its journey 💰
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⚪️ The US government officially seizes SBF's $455 million Robinhood shares.
👉🏻 Will they HODL?! 👀
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💰BTC UPDATE:
Finally, BTC breaks above $17k and tries to break the symmetrical triangle as well. For confirmation, we have to wait for one more daily candle to close above the triangle because we have strong resistance in the $17.3k-$17.5k range.
If it gives another daily candle close above the $17.2k level then the breakout will confirm and we can expect BTC to reach $19k-$20k in the next few weeks. But in case of rejection, things change completely. So it's better to wait for confirmation.
Will keep updating you. Stay tuned and pin our channel at the top.
🤝 @Cryptocurrency_Inside
❗️Longest 🥇 Bitcoin Bear Market Ever: 👇
2011 Bear Market (163 days)
June 8th, 2011 - Nov 18th, 2011
2013-2015 (406 days)
Dec 4th, 2013 - Jan 14th, 2015
2017-2018 (364 days)
Dec 16th, 2017 - Dec 15th, 2018
2021-2022 (426 days)
Nov 8th, 2021 - Jan 8th, 2023
🤝 @Cryptocurrency_Inside
The 2022-2023 #Bitcoin Bear Market has seen the Realized cap drawdown by -18.8%, the second largest in history, and eclipsed only by the pico-bottom of the 2011 bear.
Investors have weathered a total of $88 Billion in Net Realized losses.
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🇺🇸 US unemployment rate falls to 3.5%, lower than expectations.
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🇺🇸 Judge rules that Celsius users gave up legal rights to their BTC by using the platform and all the $4.2 billion of crypto deposits are now property of Celsius.
Take your 🥇 Bitcoin off exchanges!
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🇺🇸 US Department of Justice to seize Sam Bankman-Fried's $465 million Robinhood shares bought with stolen customer funds.
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Place your Advertising now in the @Cryptocurrency_Inside channel.➖ Over 30.000 subscribers
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Admin: @Mark_CryptoInside
⚡️ NFTs are really heating up at the moment.
👉🏻 BAYC & Azuki are making us think twice if we are still in a bear market❗️
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🆘 BREAKING: Sam Bankman-Fried pleads not guilty to all charges in #FTX fraud case.
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⚡️Today is the 14th anniversary of the launch of the core bitcoin network
On January 3, 2009, a person or group of people under the alias Satoshi Nakamoto launched the main network of the first cryptocurrency, mining a genesis block of 50 bitcoins. His hash contains the headline of the article "Chancellor on brink of second bailout for banks" by the British edition of The Times 📁
The price of BTC on that day was $0.0008 💰
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JUST IN: Bitcoin miners generated $9.55 billion in revenue in 2022.
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