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🔸Two major banks🏦 have #collapsed in the past two months.
🔸In 2008, during the #Washington bank🏦 collapse, people didn't have the choice of #Bitcoin.
🔸However, now those affected by the recent bank collapses have turned to #Bitcoin as an option.
📈Will this be the moment #Bitcoin rises to the top?💰
Yes 👍 No 👎
#Bitcoin mining difficulty is currently at an all-time-high of 48.71 trillion.
Mining difficulty fluctuates to maintain a time of 10 minutes per block mined, influenced by the number of mining participants and their combined hash power.
💵 We are currently seeing the largest decline in US commercial bank deposits since 1934.
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📍#Bitcoin Update (Continue)
🔺The weekly candle closing will occur tomorrow.
🔺There is an expectation that the closing will be in the green
🔺Last week, Bitcoin experienced a significant price drop, falling below $27,000.
🔺Prior to the drop, Bitcoin had briefly tested resistance at just under $31,000.
🔺If Bitcoin manages to close above $32,000 weekly, there is potential for a new trend that could carry its price up to the $35,000 mark.
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JUST IN: First Republic Bank $FRC falls another 37% amidst rumors of a government takeover.
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📍#Bitcoin Update (Continue)
🔺Bitcoin has rebounded from its support level and is currently trading above $29,500.
🔺To gain bullish momentum, Bitcoin needs to give a candle closing above $30,000.
🔺If Bitcoin is able to break this level, we may see its price reach $32,400.
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JUST IN: 🇭🇰Hong Kong to release crypto & Bitcoin framework in May.
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https://fxtwitter.com/tier10k/status/1651317391626846214
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03.05.2023, 18:00 UTC — Fed Interest Rate Decision
Get ready for high volatility📈📉
First Republic Bank share price plunges over 50% as it lost more than $100 billion in customer deposits. 😱
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📍#Bitcoin update (Continue)
🔺Bitcoin is currently approaching a critical support level located around 26,500.
🔺This level is of significant importance and a bounce can be expected from this point.
🔺However, a break below this support level could indicate a bearish trend for Bitcoin.
🔺It is crucial to closely monitor the price action around this level to gain insights into the future direction of Bitcoin.
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📜 79,957 BTC ($2.19B) address has been activated after 12 years
He received these Bitcoins when Bitcoin price was 0.93$
JUST IN: Visa says they have an "ambitious crypto product roadmap."
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💰Bitcoin train leaving the station. Next stop: $50,000
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📍#Bitcoin update (Continue)
🔺The price of Bitcoin has been accumulating in a range of 26,000 to 30,000.
🔺Tomorrow marks the weekly candle closing.
🔺A closing above 30,000 would be considered a bullish sign for Bitcoin.
🔺A potential outcome of a bullish closing would be a price increase to the 32,400 resistance level.
🔺Additionally, tomorrow marks the monthly candle closing, and a green closing is expected.
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Upcoming key events for the week 👇🏻‼️
01 May - #US Construction Spending MoM
01 May - US ISM #Manufacturing PMI (Apr)
02 May - US #JOLTs Job openings (Mar)
02 May - US Core Durable #Goods Order (Apr)
03 May - US S&P #GlobalServices PMI (Apr)
03 May - US FOMC Rate Decision
BANKS THAT HAVE FAILED SINCE MARCH
- 🇺🇸 SILICON VALLEY BANK
- 🇺🇸 SILVERGATE BANK
- 🇺🇸 SIGNATURE BANK
- 🇨🇭 CREDIT SUISSE
- 🇺🇸 FIRST REPUBLIC BANK ...
JUST IN: 🇹🇼 Taiwan to allow traditional banks to offer crypto trading services.
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The total liquidation in the past 24h is $292 mln
Bears & Bulls on high leverage got rekt🩸
Avoid High Leverage Trade Until Market Settle
#Bitcoin not able to sustain it's position above 30k$ and Dumped hard. Low was made near $27,235
For the Bullish movement bitcoin need to break 30k with good volume ✅
Mt Gox and US Govt Wallets Making Transactions: Arkham Alert🚨
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2 minute silence for those who were getting confident that we are going back to $20k now 🔥😊 🚀
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Solana has launched a $1 million fund for small-scale grants exploring the intersection of the Solana blockchain and AI.
The grants range from $5k to $25k, and both new and existing projects are eligible.
It also released a plugin for Chat GPT.
https://twitter.com/solana/status/1650983831887904770
USDT continues to trade at a slight premium to the dollar more than 1 month after the March banking crisis
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📌Founder of OKX has Tweeted that any projects that stop their development will be delisted from the platform.
✅ https://twitter.com/star_okx/status/1650420902486769667?s=46&t=dV5DrNrPOXp1ZCRrElocFg
The closest unfilled gaps on the CME exchange:
1) 53600
2) 36000
3) 20100
4) 11100
5) 9600
Current price is 27400
This means that the price of Bitcoin sooner or later with a probability of 90% will reach the above prices ✅