#Crypto Crash As bitcoins price

[recentlyheardcom]

Solana (SOL) Ripe For Price Discovery, Analyst Eyes $600 Target

Market watchers have praised the Solana (SOL) worth motion all through the month. The fifth-largest cryptocurrency by market capitalization has displayed a robust efficiency regardless of the market shakeouts, not too long ago reclaiming the $160 help degree. Analysts counsel that SOL would possibly repeat historical past and kickstart a rally towards a brand new all-time excessive (ATH)…

[cryptonewscentral]

🚨💥 Bitcoin’s facing intense pressure as it cracks under the latest market turmoil. With the coin showing signs of strain, investors are on edge. Will Bitcoin rebound or is this a sign of deeper issues? Dive into our latest article for a detailed look at Bitcoin’s battle with market forces and what it means for your investments. 📉🔍

[usanews-now]

‘Revival Plan’ Boosts ‘Essentially Zero’ Luna Price By 1,000% Amid Bitcoin, Ethereum And Crypto Crash

‘Revival Plan’ Boosts ‘Essentially Zero’ Luna Price By 1,000% Amid Bitcoin, Ethereum And Crypto Crash

Luna LUNA , the collapsed cryptocurrency that was designed to support the terraUSD (UST UST ) stablecoin, has rocketed higher over the last 24 hours despite falling to near zero this week—a dramatic collapse that shook the wider bitcoin and crypto market. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market The luna price,…

[burpee01]

BlackRock Issues Serious Fed Warning As Crypto Braces For A Predicted 50% Bitcoin Price Crash BitcoinBitcoin -1% has bounced back from a price crash last week, climbing along with stock markets as traders hold their breath for a Federal Reserve bombshell.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and "uncover blockchain blockbusters poised for 1,000% plus gains" in the aftermath of bitcoin's halving earthquake!

The bitcoin price has climbed back toward $60,000 per bitcoin after dropping toward $50,000 due to "extreme fear" taking hold of the market.

Now, as traders search for signs the market could be headed for recovery, analysts with the world's largest asset manager and bitcoin spot exchange-traded fund (ETF) issuer BlackRock have warned they see more "volatility flare-ups ahead," and predicted the Fed won't cut rates as quickly as markets expect.

[financeattips]

First Time Investing in Crypto: Tips for New Traders on the Digital Coin Market

This has changed the financial landscape for good; it is the first time in history that investors have a share of this type since cryptocurrency entered the market. But then again, getting into the crypto market to begin with can be incredibly intimidating for a novice. This includes some key tips that you must know for making trade-offs more intelligent and how to invest in cryptocurrencies.

1. Understand the Basics

Understand the basic principles of what Cryptocurrency is, how it works before you invest. If you're unfamiliar, cryptocurrencies are basically decentralized systems, operating with a peer-to-peer framework, that let users do all sorts of things like get rewards for paying on time or using an app. Because they are not organically produced like typical tender, these financial tools are meant to be circulated in a decentralized way via blockchain networks. Educate yourself onwards like blockchain, altcoins, wallets and exchanges.

2. Do Your Research

The value of cryptocurrencies is influenced by a number of factors, and this makes it an extremely volatile market. Learn about various cryptocurrencies and how they are used. Tools like CoinMarketCap and CoinGecko show trends, rankings other handy information regarding ranging and past data. Follow us on Twitter for more news and updates on the Bitcoin space.

3. Diversify Your Portfolio

Investors apply diversification in their investment strategies. Diversify by investing in multiple cryptocurrencies I mean, everyone knows Bitcoin and Ethereum — why not looking a little bit further down the line at some promising altcoins with real fundamentals. A healthy mix of investments can ensure you have a little exposure to any type of gain or loss that may arise.

4. Only Invest What You Can Afford to Lose

The world of crypto is such that even the prices can and do tend to rise or crash in a jiffy, thanks to high volatility. Gamble only with money you can afford to lose without impacting your finances. Never borrow to invest in crypto or use your emergency savings for crypto investing. This approach ensures that you still are able to stay financially safe in case there's a downtrend.

5. Choose a Reliable Exchange

It is important to be sure that you deal with reliable cryptocurrency exchanges for safe trading. Search for exchanges with strong security protocols, a simple UI, and broad coin support. Some of the most trusted exchanges that people have been using include Binance, Coinbase and Kraken. Are they regulated and insured for digital assets.

6. Secure Your Investments

In the world of crypto, security is vital. Keep your cryptocurrencies on hardware wallets or in cold storage solutions; simply turn on 2FA in your exchange accounts and do not publish or disclose the private keys. Keep your software up to date and watch out for phishing attacks and malware.

7. Stay Informed and Adapt

As we know the crypto market is alive and never takes a nap. Learn from the market, regulatory and tech changes. Engage in some of the crypto community forums on platforms like Reddit, Twitter and Telegram to get the benefits of inside knowledge from other investors. Change your investment plan based on new informational and market circumstances

8. Have a Long-Term Perspective

Although there is money in short-term trading, it often requires quite a bit of time and skill to excel what you do. Long term investment strategy If you are beginner, Long term is the best way for you to invest your money from beginning. Look at the long term growth potential of cryptocurrencies instead of trying to make a quick buck. I read many books and listend to a lot of podcasts about the stock market, nearly all these sources agreed that patience and discipline was key to becoming a successful long-term investor.

9. Seek Professional Advice

If you are uncertain about the investments, you can get help from financial advisors or even some crypto experts. They can offer some personalized advice, depending on your financial goals and comfort with risk. Expert help will make it easier for you to manage the particularly volatile world of crypto.

Conclusion

Investing in cryptocurrency can also be a lucrative endeavor as long the trader is well-versed when it comes to his or her craft. These basic principles, combined with extensive research, establishing a diversified portfolio, and security first will put you in good stead on your crypto investment journey. The key is to stay informed, adapt and think long-term in order for you to succeed.

[r22o25l]

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[mariacallous]

The prospect that US residents may soon be able to invest in bitcoin through their brokerage, as if it were a regular stock, has prompted a fresh round of hype in crypto circles—and a surge in crypto prices.

Several investment firms, including heavy-hitters like BlackRock and Fidelity, are queuing up to launch a spot bitcoin exchange-traded fund (ETF) in the US. These funds would track the price of bitcoin, making them the closest thing to investing in the crypto token directly without dealing with a crypto exchange or storing crypto manually, a process fraught with risk.

After a bruising 18 months in which crypto prices buckled, high-profile businesses collapsed, and two crypto figureheads were convicted of crimes in the US, the crypto industry is supposed to be cleaning up its act. That the US Securities and Exchange Commission (SEC) appears to be entertaining a spot bitcoin ETF after years of resistance is seen by some as a signal that crypto is moving beyond its free-wheeling years.

The arrival of such a fund in the US—by far the world’s largest ETF market—“is a significant milestone,” says Samson Mow, a prominent bitcoin evangelist and CEO of bitcoin-centric technology firm JAN3, as it will allow investors to hold bitcoin through a conventional financial product for the first time.

While there is broad consensus around the likelihood of an ETF approval among analysts, the idea that it would be symbolic of the industry’s coming of age is contradicted by the frenzy of speculation around what will happen to the price of bitcoin.

On X, crypto influencers with hundreds of thousands of followers are predicting an ETF will send the price of bitcoin soaring, in posts peppered with the rocket ship emoji. The arrival of a spot bitcoin ETF, claims Mow, will unlock a wave of pent-up demand and lead a “torrent of capital” to “pour into bitcoin.” Institutions and other investors that either cannot or choose not to invest in unregulated financial products will seize the opportunity to invest, he says, driving the price far beyond its previous heights.

An ETF might point to a growing acceptance of bitcoin among legacy financial institutions, but the implications for the price of bitcoin are being both mis- and overstated, ETF analysts warn, and the boosterism on display shows that little about crypto has changed.

Twelve applications for spot bitcoin ETFs are awaiting approval from the SEC. Delays are commonplace, but the agency is due to make a call on some of the applications as early as January 1, 2024. The three ETF analysts who spoke to WIRED expect the SEC to green-light a spot bitcoin ETF at some point next year.

In Canada, Germany, and elsewhere, spot bitcoin ETFs already exist. And US investors have had access to bitcoin futures ETFs, the value of which are correlated with the price of bitcoin, since 2021. The approval of a spot bitcoin ETF in the US is significant because it would, for the first time, give US investors access to a close proxy to bitcoin in a familiar and regulated format.

The attention paid to the topic by crypto trade media emphasizes the current fixation in industry circles. Since this summer, when speculation about the arrival of a spot bitcoin ETF began to ratchet up, crypto news site CoinDesk has published dozens of articles and videos on the topic.

In that same period, crypto markets have experienced dramatic swings, and the price of bitcoin has risen by almost a third. In some cases, price swings have been triggered by rumor and misreporting. On October 16, crypto outlet CoinTelegraph issued a retraction and apology after putting out an erroneous post on X announcing the approval of the first spot bitcoin ETF in the US, based on a screenshot posted by an X user, which led to a buying spree that increased the price of bitcoin by 10 percent.

On November 13, a falsified ETF filing relating to a separate cryptocurrency, XRP, caused a 13 percent rise in the token’s price. By the end of the day, those gains had evaporated. The Financial Times calculated that “imaginary bitcoin ETFs” were already worth 30 times the actual spot bitcoin ETFs already in existence worldwide.

Some ETF analysts, like Aniket Ullal of investment research firm CFRA, share the belief that the arrival of an ETF is likely to increase demand for bitcoin as an investment asset. But the effect on price will not be a “short-term spike,” Ullal says, but rather stretch out over multiple years.

Others say it will have the polar opposite effect to that predicted by figures like Mow, and that the price of bitcoin could plummet as investors attracted by the hubbub quickly cash out their winnings. “The idea that there is a huge pile of demand that will somehow materialize is just not true,” argues Peter Schiff, economist and CEO at asset management firm Euro Pacific. “It’s more of a ‘buy the rumor, sell the fact’ situation.”

The “narrative” that an ETF is a “catalyst for growing demand” has attracted speculators, says Bryan Armour, director of passive research strategies for North America at investment research firm Morningstar. “Hype has always been one of the core tenets of bitcoin. It seems like hype is at an all-time high.”

Figures from research firm Fineqia suggest the volume of crypto trading activity has surged in response to speculation over the approval of a spot bitcoin ETF and its market impact. In mid-November, daily trading volume on crypto exchanges reached $31.4 billion, the highest level in more than six months.

“There’s always the possibility that people are hyping it up for their own benefit,” says Mow, who adds that he doesn’t believe the broader crypto industry—which he considers to be separate from bitcoin and describes as a “grift”—is capable of cleaning up its act. “The crypto industry will keep churning out FTXs and people will keep investing because it’s a spectacle,” he says.

But whether or not bitcoin is different—a mature asset whose legitimacy would be “cemented,” as Mow claims, by an ETF approval—the relentless speculation surrounding it will expose investors to risk. “It is wildly volatile and should be handled carefully,” says Armour. But, he adds, people “hear the siren song and buy in.”

[fitmintwear]

FTX Fiasco: Rise and Fall of Bankman-Fried

The cryptocurrency market has experienced a whirlwind of activity over the last week, which will be remembered for a great many years. Unquestionably, 2022 will be remembered as one of the key and pivotal years in the development of the cryptocurrency market. This is due to the fact that the cryptocurrency industry was finally taken seriously and discussed on a global scale for the first time since the creation of Bitcoin back in 2008–2009. Terms like cryptography and Web 3.0 were becoming more widely used by non-technical people as well.

The Axie Infinity Ronin bridge attack, the Terra LUNA crash, and the collapse of the FTX exchange, one of the second-largest cryptocurrency exchanges by volume in the world, were among the worst crashes of 2022. In this article, we will be taking a closer look at the timeline of events and understand what led to the collapse of the FTX exchange and the fall of the man who was once hailed as the savior of the crypto world- SBF.

Who is SBF- Sam Bankman-Fried?

SBF, also known as Bankman-Fried, was, until recently, the up-and-coming star of the cryptocurrency world with a net worth of $26 billion as he quickly joined the Bloomberg Billionaires Index. Bankman-Fried was raised in California by his parents who were Stanford Law professors. He completed his undergraduate work at the Massachusetts Institute of Technology in math and physics before working on Wall Street. He started FTX two years after founding Alameda Research in 2017.

What is FTX?

FTX (short for “Futures Exchange”) was a platform where users can purchase and sell digital assets like bitcoin, ether, and Dogecoin. Platforms like FTX rose in popularity in recent times as more and more people sought to invest in cryptocurrencies without having to deal with the technical aspects of it.

The rise of FTX

The exchange paid for flashy television commercials with A-list celebrities to promote itself as a secure and simple way to invest in cryptocurrencies. In addition to this, Bankman-Fried also purchased the advertising space in uniforms and sporting venues for Major League Baseball officials. The 2019-founded business gained international notoriety very quickly thanks to a number of aggressive marketing tactics, high-profile acquisitions, and low trading fees.

With the promise that they could invest their money in accounts and earn significantly higher yields than at conventional banks, even those who were unfamiliar with the technology were seduced by FTX. Major venture capital firms joined in and invested nearly $2 billion in the business. The 30-year-old founder of FTX, Sam Bankman-Fried, rose to prominence as the face of the business and, to some, of cryptocurrency in general. FTX was difficult to miss due to celebrity endorsements and significant sports sponsorships.

The Fall of FTX

It was only a matter of moments how the cryptocurrency market boomed after SBF launched FTX. Bitcoin’s price, which had previously fluctuated around $10,000, skyrocketed in 2021 and reached a high of more than $64,000. Venture capital funds poured into everything blockchain-related and digital currency-related, and crypto platforms shifted to draw users beyond the technologists and blockchain enthusiasts who had previously propelled its rise.

From its late 2021 highs, when it was generally considered to be a leading indicator of the larger cryptocurrency market, the price of bitcoin has fallen sharply. It currently trades for about $16,000. While it strongly affected the value of other cryptocurrencies and tokens, many significant platforms had already closed due to the general decline in the crypto industry. However, FTX appeared to be immune, even going so far as to acquire some of its faltering rivals.

But when CoinDesk, a cryptocurrency-focused digital media website, published the balance sheet of Alameda Research, a crypto investing company that also belonged to Bankman-Fried, things started to change. It revealed that Alameda had a sizable amount of FTT, a virtual currency developed by FTX. Even though the FTT had a certain market value, Alameda would be in danger of going bankrupt if the price dropped.

CZ (Changpeng Zhao), CEO of the cryptocurrency exchange Binance, a competitor of FTX, declared on November 6 that his business would offload all of its FTT tokens as a result of the leak of Alameda’s balance sheet. FTT’s cost dropped significantly. Many FTX users moved to remove their funds from the platform as the price fell.

The crypto community was already on edge despite the fact that the full extent of the connections between Alameda and FTX was not yet known. In the end, several billion dollars were poured out of FTX by people who rushed to withdraw their money before it ran out of funds. On November 8, FTX barred users from withdrawing funds from the system, which marked the fall of FTX. Not only did it shake the volatile crypto market, declining its overall market capitalization below $1 trillion, but also left some deep scars on the whole international crypto community that will have repercussions for years to come.

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[stockinvesthub]

Don’t Count on Bitcoin (BTC) Crashing to $10,000, Says Crypto Analyst Jason Pizzino – Here’s Why – The Daily Hodl

Don’t Count on Bitcoin (BTC) Crashing to $10,000, Says Crypto Analyst Jason Pizzino – Here’s Why – The Daily Hodl

A popular crypto strategist and trader says Bitcoin’s (BTC) price is unlikely to fall all the way down to $10,000. In a new strategy session, analyst Jason Pizzino tells his 279,000 YouTube subscribers that Bitcoin bulls will likely defend a high time frame support level and keep it away from plunging toward $10,000. “There’s a pretty reasonable chance that we won’t see the $10,000 like I’ve…

[recentlyheardcom]

Is Bitcoin Really Safe? New Insights from 'Black Swan' Author on Recent Crash

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not…

[don-lichterman]

Bitcoin, Ether Crash After Huge Sell Takes Place

Bitcoin, Ether Crash After Huge Sell Takes Place

The crypto market crashed Wednesday as leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) lost the $19,000 and $1,300 price levels, respectively. The crash was initiated with BTC’s rejection at $21,000, and the crypto space saw Bitcoin and ETH lose their supports at $20,000 and $1,500 price levels, respectively. In the last 24 hours, BTC was down 5.88%, while ETH crashed 10.09%. On the other…

[coineagle]

Is the Bitcoin Bull Run Over? Sudden Profit-Taking Raises Doubts

Key Points

Bitcoin is facing a key resistance at the $63.9k level, with the potential for a bull market transition.

Market metrics suggest further price expansion for Bitcoin in the coming months.

Bitcoin, currently experiencing resistance at the $63.9k level, is showing signs of a potential transition into a bull market.

Profit-taking activity, a common occurrence during price appreciation, doesn’t necessarily indicate the end of a cycle.

Bitcoin’s Downward Trend

Since April, Bitcoin has been on a downward trend on the higher timeframe price charts. However, daily timeframes demonstrate more volatility, such as the 22% price surge in July or the recent pump from $55k to $64k.

Despite these fluctuations, the transition to a bull market may be imminent, according to crypto analyst Axel Adler. He suggests that the 200-day moving average at $63.9k needs to be breached and turned into support.

Market Participants’ Predictions

Many market participants believed that the rally to $73.7k in March marked the end of the bull run. However, the chart above indicates a bullish trend from October 2023 to June 2024.

The previous cycle saw Bitcoin gain 157% in 10 weeks from the Covid crash to the 2020 halving in May. This suggests that a significant price rally into the halving event is not unprecedented.

Another chart from Adler showed that periods of price appreciation are often accompanied by holders taking profits. This doesn’t necessarily mean the bull run is over.

The long-term holder/short-term holder spent output profit ratio (LTH/STH SOPR) has yet to push past the 7, a trend that marked the tops of the previous two cycles.

The period before the previous bull run saw a large price appreciation in 2019, which was used to take profits. This took the SOPR from 2.6 to 1.1. Similarly, the selling pressure of the past five months saw the metric go from 4.2 to 1.5.

These metrics still support the idea of further price expansion for Bitcoin in the coming months.

[blockinsider]

Ethereum Plummets to a 3-Year Low: What’s the Future for ETH?

Key Points

Ethereum’s underperformance has reached a three-year low, falling behind peers like Bitcoin and Solana.

Experts suggest that a significant reversal for Ethereum could only occur through a fundamental shift in narrative.

Despite the ongoing bull run in the market cycle, Ethereum has lagged behind its peers, including Bitcoin and Solana. The underperformance of Ethereum continued even after the US spot Ethereum ETF was approved in July.

Ethereum’s Performance

Over the weekend, the ETHBTC ratio, which measures the value of Ethereum relative to Bitcoin, fell below 0.04, hitting a yearly low last witnessed 3.5 years ago. Alex Thorn, Head of Research at Galaxy Digital, pointed out this worrying trend since the post-Merge upgrade.

Thorn questioned, “ETHBTC just traded on a 0.03 handle for the first time in 3.5 years (Apr 2021). -53% since the Merge in September 2022. What stops this train?” At the time of writing, the ETHBTC ratio had broken below its descending channel, suggesting that more investors could potentially rotate capital to Bitcoin.

Possible Future for Ethereum

Thorn suggested that Ethereum could only experience a significant reversal through a fundamental shift in narrative. He stated, “Big forces are at play here. I don’t think a technical breakout is the thing that does it here. It needs a fundamental narrative shift.”

Following the Dencun upgrade in March, Ethereum’s fees suffered a significant blow, and L1 network activity declined. Some experts attributed this to ‘parasitic and extractive L2s.’ The monthly revenue plummeted from nearly $600 million in March to $100 million in September.

During the same period, Ethereum became inflationary, with more tokens being issued than burned. This undermined its ‘ultra-sound money’ status post the Merge.

David Doung, Global Head of Research at Coinbase, attributed Ethereum’s price underperformance to the current market structure. Doung highlighted the weak seasonals in September and competition from other altcoins. He suggested that the short-term narrative could only shift if Ethereum brings more real-world assets and applications with broad public appeal into the network.

Crypto analyst Benjamin Cowen projected that the ETH/BTC ratio could bottom at 0.30 – 0.40 by December and rally in 2025. He warned that the ETH/BTC crash could derail an altcoin rally. Cowen noted, “But history shows that when ETH/BTC crashes, the ALTs will follow.” At press time, Ethereum was valued at $2.3K, down nearly 10% from its monthly high of $2.56K hit in early September.

[blockchainfeed]

Bitcoin price drops below $53,000 after weak U.S. jobs data, sparking fears of a broader economic slowdown and heightened market volatility. The post Bitcoin Price Crashes Toward $50K – ‘Extreme Fear’ Sparks $2 Trillion Crypto Meltdown  appeared fir #Blockchain #Crypto

[jjbizconsult]

Crypto Whales Trigger Market Crash

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[cryptocurrencyideas]

‘Extreme Fear’ And Fed Panic Sparks Sudden $2 Trillion Crypto Price Crash—Hitting Bitcoin, Ethereum, BNB, Solana, XRP And Dogecoin