#bull market vs bear market crypto

[securell]

Differences Between Crypto Bull Market and Bear Market

Let's discuss the key differences between bull and bear markets. This will assist you in making better crypto investment decisions for you.

[coineagle]

Ethereum Outlook: Predicting the Future of ETH Price Amid Bull-Bear Battle

Key Points

Ethereum’s (ETH) value is debated among crypto enthusiasts due to various market factors.

Arguments from both bearish and bullish perspectives present compelling cases for the future of ETH.

Ethereum’s (ETH) price movement in the current market cycle has been a mixed bag. It saw a significant rally of over 150% between late 2023 and early 2024, with prices escalating from $1600 to $4K.

However, despite positive developments such as the successful launch of the US spot ETH ETF and a last-minute pivot by the SEC, the altcoin’s price has remained subdued due to overall market headwinds and mixed signals from the SEC regarding ETH’s security status in Q2 2024.

ETH’s Bull vs Bear Case

As of now, the cryptocurrency community is divided on ETH’s future price prospects. Research from Flip has highlighted the strong and compelling arguments from both the bullish and bearish camps.

ETH’s Bear Case

The bear case centers around ETH’s reduced profits, L2 fragmentation, and direct competition from Bitcoin (BTC) and Solana (SOL). Post the Dencun upgrade, fees dropped and more users migrated to L2s, reducing profitability.

Moreover, the fragmentation of L2s has increased, giving Solana’s monolithic chain a competitive advantage and further dampening ETH’s price prospects. The declining SOLETH and ETHBTC ratios, which track ETH’s relative performance to SOL and BTC, further underscore the bearish sentiment.

ETH’s Bull Case

On the other hand, ETH bulls argue that a narrative shift is underway, with DeFi taking precedence over memes. They also point out that ETH is the only institutional-grade and battle-tested chain, with interest from major players like BlackRock in on-chain tokenization.

Analysts from Coinbase anticipate continued demand for ETH in the long term as usage in L2 protocols increases. However, Ali Muneeb, a Bitcoin DeFi pioneer and founder of Stacks (STX), expressed a preference for Solana over Ethereum.

Currently, ETH is consolidating above $2500 for the second week amid weak overall crypto market sentiment. The future sentiment towards ETH, whether it will improve or deteriorate, is yet to be determined.

[stockninjas]

Best Option Trading Telegram Channels

If you’re confused about which skills to learn in 2024 to earn up to Rs 50,000 a day, trading can be a great way to make good money. You might be wondering how to learn trading. This article has the solution for you! I’ve put together a list of the Best Telegram channels for option trading in 2024.

Top 10 Telegram channels for Option Trading

1.Honest Stock Traders 2. Trading Master 3. Trade Onomics 4. Ghanshyam tech Analysis 5. Option Trading Masters 6. Option Tradex 7. NSE STOCK PRO 8. Mehul Option Trading 9. Stock market Ninjas 10. Stockpro Official

Best Telegram Channels for Option Trading in 2024 (Free Calls)

Honest Stock Traders

If you’re not very familiar with option trading but still want to make money from it, consider joining the Honest Stock Traders channel. Here, you’ll get free option trading calls, trading setups, and chart analysis for Bank Nifty and Nifty. With over 31k subscribers, this channel provides valuable insights at no cost.

Option Trading Bulls

Option Trading Bulls is a legit Telegram channel that offers investment ideas, free Banknifty option calls, and detailed information on stock, equity, future, and options trading. With over 20k members, this channel can help you recover your losses.

Stock Market Ninjas

Stock Market Ninjas is a SEBI-registered Telegram channel that offers trading tips for option trading, crypto trading, intraday trading, and swing trading. The owner has a lot of experience in trading, making it a great resource if you want to learn how to make money from trading.

Bull vs Bears Traders

Bull vs Bears Traders helps you set targets and achieve daily profits of Rs 3000 to 5000+. It offers live chart analysis, ideal setups for trading, buying, and selling ideas, along with free Bank Nifty calls. Join now to increase your profits.

Trading Wallah

Trading Wallah is famous for option trading. It provides stock market views, Nifty investment calls, chart indicators, and free trading calls. There’s also a premium membership plan available.

Stock Gainers

Stock Gainers is a popular SEBI-registered Telegram channel offering free materials on stock market and option trading calls. You get 1–2 intraday option trading calls with proper strategies. With over 80k members, this channel can help you make over 10k profit daily.

Option Trading Hub

This channel provides free stock market tips, trading tips, and free intraday calls. They also offer premium services like live training and free webinars. If you want to invest your money wisely in 2024.

StockPro®Official (SEBI Registered)

StockPro Official, run by Seema Jain, is a trusted SEBI-registered channel. It offers free Bank Nifty training and free videos on share market and trading on YouTube. With over 300k members, it’s a great community to join if you want to learn and trade.

Growth Trading

Growth Trading is a great channel to learn about investing in trading. It offers regular intraday trading tips on equity, futures, options trading, and stock market news. If you want 1–2 free calls daily with 90% accuracy.

Trading Phoenix

Trading Phoenix covers option trading, intraday, crypto, and swing trading. It’s one of the fastest-growing channels, offering investment and financial advice.

Option Trading Masters

Option Trading Masters is an authentic channel focused on educating beginners. It provides detailed information on stock market and trading, along with free trading calls, Bank Nifty calls, chart analysis, and risk management services.

GHANSHYAM TECH ANALYSIS

GHANSHYAM TECH ANALYSIS provides free Bank Nifty, intraday, and option trading calls. It also offers free YouTube videos for beginners to learn trading in simple language. For stock market tips, free trading knowledge, and more

Elite Traders

Elite Traders offers information on the stock market, trading, business news, and investment ideas. It provides Nifty and Bank Nifty calls, intraday calls, and stock options calls.

Option Trade Order

Option Trade Order is a great channel for short-term or long-term investment ideas. It provides fundamental stock market analysis, free investment ideas, risk management, and chart analysis. With over 40k active members, this channel is worth joining.

Option Trading Gainers

If you want to build a career in the stock market and trading, this channel offers online trading classes. It covers chart analysis, risk management, and more. Join today to learn trading from start to finish.

Bull’s Thrive

Bull’s Thrive is a fast-growing channel known for its option trading tips and tricks, free live chart analysis, and ideal setups for trading. Join this channel in 2024 to make money from trading.

Market Master

Market Master is a SEBI-certified channel that helps you become financially free. It offers various investment ideas, stock market research, Bank Nifty, expiry levels, breakouts, and more.

[p5ravin]

Solana's $200 Battle: Bulls vs. Bears in the Crypto Arena

Solana (SOL), the blockchain platform known for its high-speed transactions and scalability, finds itself at a critical juncture as its native token, SOL, faces a pivotal battle around the $200 price level. With both bulls and bears vying for control, the outcome of this showdown will have significant implications for Solana's short-term price trajectory and broader market sentiment.

The $200 price level has emerged as a key psychological barrier for Solana, representing a crucial inflection point where bullish momentum could either propel SOL to new heights or succumb to bearish pressure, leading to a potential correction. As SOL hovers around this critical level, traders and investors are closely monitoring price action and market dynamics for clues about the direction of the next major move.

On the bullish side, proponents of Solana point to its impressive technological fundamentals and growing adoption as key drivers of continued upward momentum. Solana's innovative approach to blockchain scalability, which leverages a unique consensus mechanism called Proof of History (PoH), has positioned it as a leading contender in the race for blockchain scalability solutions. Additionally, Solana's vibrant ecosystem of decentralized applications (dApps) and its burgeoning DeFi ecosystem further bolster its bullish case, attracting developers and users alike.

Moreover, recent partnerships and integrations with prominent projects and protocols have added to the bullish narrative surrounding Solana, reinforcing its position as a leading blockchain platform with real-world utility and relevance. With institutional interest in Solana on the rise and the broader cryptocurrency market experiencing renewed bullish sentiment, proponents believe that SOL is poised for further upside potential, potentially breaking through the $200 resistance level and setting new all-time highs.

However, bears remain vigilant, citing concerns over market overheating and potential profit-taking as reasons for caution. Despite Solana's strong fundamentals, skeptics warn of the possibility of a market correction or consolidation phase, particularly if SOL fails to decisively breach the $200 resistance level and establish sustained bullish momentum. Additionally, external factors such as regulatory developments or macroeconomic trends could also exert downward pressure on SOL's price in the short term.

As the battle for Solana's $200 price level unfolds, traders and investors are advised to exercise caution and closely monitor key technical indicators and market sentiment for potential signals of trend reversal or continuation. While bullish momentum may prevail in the near term, prudent risk management strategies and disciplined trading approaches are essential to navigating the volatile cryptocurrency market landscape.

In conclusion, Solana's $200 battle represents a pivotal moment for the cryptocurrency and its community. Whether bulls will prevail and propel SOL to new heights or bears will seize control and lead to a corrective phase remains uncertain. As the outcome of this showdown unfolds, the broader cryptocurrency market watches closely, eager to decipher the implications for Solana's short-term price trajectory and long-term prospects within the ever-evolving digital asset landscape.

[bitcoincables]

Spot Bitcoin ETFs: Pros and Cons Debate in Bull vs. Bear Article

Bull vs. Bear is a weekly feature where the VettaFi writers’ room takes opposite sides to debate controversial stocks, strategies, or market ideas — with plenty of discussion of ETF ideas to play either angle. In this edition, Elle Caruso and Karrie Gordon discuss the investment case for spot bitcoin ETFs.

Caruso argues that spot bitcoin ETFs offer a safe and regulated way for investors to gain exposure to bitcoin. She points out that these ETFs provide the benefits of the ETF structure along with the direct ownership of bitcoin, making it easier for financial advisors to deliver crypto exposure to their clients. Caruso also mentions the advice from Invesco’s Kathy Kriskey, who suggests allocating a small portion (1%) of the overall portfolio to crypto for diversification and growth potential.

Gordon, on the other hand, expresses concerns about the nascent nature of blockchain technology and the lack of regulatory oversight. She mentions the negative associations that some people have with digital assets due to criminal activity. Gordon also highlights the volatility of bitcoin prices and the environmental impact of bitcoin mining. Instead of spot bitcoin ETFs, she suggests considering alternative assets like carbon credits that focus on climate impact.

While Caruso emphasizes the benefits and ease of access provided by spot bitcoin ETFs, Gordon raises valid concerns about the risks and uncertainties associated with investing in bitcoin and blockchain technology. Investors should carefully evaluate their risk tolerance and consider diversifying their portfolios with alternative assets.

Read the original article

[decentralisednews]

Maximizing Crypto Returns in DeFi by Mastering Yield Opportunities

Welcome to our latest video, where we dive deep into the exciting world of earning yield on your cryptocurrency! Whether you're new to the crypto scene or a seasoned investor, this video is your ultimate guide to understanding and leveraging both centralized (CeFi) and decentralized (DeFi) crypto yield platforms. 

Recommended crypto platforms: https://decentralised.news/ecosystem/ 🔍 

What's Inside: 

Understanding DeFi and Interest Bearing Accounts: Learn how DeFi is revolutionizing the way we think about finance and how you can earn passive income through interest-bearing crypto accounts. 

Earning Yield in DeFi During Bull Markets: Discover strategies to maximize your returns during a bull market when liquidity and rewards in the crypto DeFi ecosystem are at their peak. 

Top Yield Platforms and Their Native Tokens: We explore popular platforms like Yearn Finance (YFI), Compound (COMP), Aave (Aave), and Harvest Finance (FARM), and how their unique tokens can benefit your investment strategy. 

Centralized vs. Decentralized Platforms: Delve into the key differences between CeFi and DeFi platforms. Learn about control and custody, security, regulatory aspects, and the types of financial products and interest rates they offer.

Practical Tips for Crypto Growth: We share valuable insights on how to grow your crypto holdings, focusing on diversification, understanding risks, and leveraging market trends. 

 🌟 Why Watch? 

Whether you're looking to earn passive income, understand the nuances of CeFi and DeFi platforms, or simply want to grow your crypto investments wisely, this video has it all. We break down complex concepts into easy-to-understand segments, ensuring you're equipped with the knowledge to make informed decisions in the crypto yield space. 

🔔 Don't Forget to Subscribe! 

Stay ahead in the world of cryptocurrency by subscribing to our channel. We regularly post insightful content on crypto investments, market trends, and the latest developments in DeFi and CeFi. 

💬 Join the Conversation 

Got questions or insights about crypto yield platforms? Drop a comment below! We love hearing from our viewers and aim to create a community of informed and savvy crypto investors. 

👍 Like and Share If you find this video helpful, give us a thumbs up and share it with fellow crypto enthusiasts. Let's spread the knowledge and help everyone grow their crypto wealth! 

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[crypto-guru-bd]

Top Three Coins for 2024 Crypto Bull Run – BNB, Everlodge, Litecoin

Did you miss the last crypto bull and do not know which coins to buy? Analysts have picked three coins that could see massive gains in the upcoming 2024 crypto bull run. These coins are BNB, Litecoin, and Everlodge.Did you miss the last crypto bull and do not know which coins to buy? Analysts have picked three coins that could see massive gains in the upcoming 2024 crypto bull run. These coins are BNB, Litecoin, and Everlodge.

Binance Coin (BNB), the native token of Binance exchange, has fallen from its 2023 high of $350 to $208.19 on October 10th. According to CoinMarketCap, BNB has lost 24.7% of its value YTD. The BNB coin was trading in a sideways movement in September.

Unfortunately, this sideways movement has continued into October, as BNB bulls failed to reach the $220 resistance. Although BNB's market looks bearish, the $205 support level is still strong for the bulls. The bears have tested the price level three times and failed to go below it. Currently, one important event to watch out for is the Binance vs SEC hearing on October 12th. This might greatly affect the token's price in the short term. Nevertheless, analysts have forecasted the price of BNB to reach $300 in 2023, and up to 5x in the 2024 bull run.

Litecoin (LTC) To Soar on Bitcoin's Halving in 2024 Litecoin (LTC) is a P2P cryptocurrency that allows anyone to transact without permission from a central authority. The price of Litecoin started 2023 on a bullish note with a gradual increase each week. By July 2023, Litecoin's price had increased by 64% for the year.

At that time, LTC coin increased to $115. However, after its third Halving event in August, the price of Litecoin dropped massively. Despite this drop, there has been a noticeable recovery in recent weeks. Unfortunately, the recovery has not changed the bearish trend in the market.

According to CoinMarketCap, the price of Litecoin has fallen to $63.45 in October. However, the arrival of Bitcoin halving and the BTC spot ETF may push LTC prices up in 2024. Analysts believe that Litecoin could reach as high as $187 by the middle of 2024. Vacation rentals is one of the fastest-growing sectors in the real estate industry. However, only a few people have the resources to invest in these sectors due to the high capital required. Fortunately, Everlodge is developing a web3 marketplace where you can buy and sell real estate properties with a small amount of capital.

Everlodge will use fractionalized NFTs to represent smaller portions of luxury vacation properties. Its main goal is to make vacation rentals and real estate accessible to more people.

With Everlodge, you can become a co-owner of luxurious villas or hotels for as little as $100. You can increase your stake in the property, depending on your available capital. Furthermore, you are free to sell the NFTs representing your shares in a property to get more income.

Meanwhile, Everlodge has a native token called ELDG. The token has many benefits for its holders like giveaways, VIP membership, discounts, and free nights stays in Everlodge hotels. The ELDG token is up for sale at just $0.023. Market experts have predicted the value of the ELDG token to increase 5,000% during the 2024 crypto bull run.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

[ailtrahq]

Cardano (ADA) price has dipped just below the $0.25 mark on Tuesday, bringing its October losses toward 12%. On-chain analysis highlights how Cardano staking activity could shape ADA price action in the weeks ahead.  Cardano’s price failed to break the psychological resistance at $0.30 after a positive start to October 2023. On-chain data reveals investors are exploring passive income protocols to limit their losses.  The Number of ADA Staked Has Reached a 90-day Peak of 22.97 billion This week, the market valuation of ADA coins staked reached a 90-day peak of $5.7 billion (65% of the total Cardano market capitalization) as holders turn to staking protocols to mitigate losses.  As of September 28, a total of 22.4 billion ADA coins were staked across various staking platforms. Holders have since staked another 550 million ADA, bringing the total to a 90-day peak of 22.95 billion, according to StakingRewards, a staking data aggregator platform.  Cardano (ADA) Staking vs. Price | Source: StakingRewards The staking metric offers insight into the dynamic fluctuations of coins currently held within smart contracts. Increased staking tends to impact prices positively as it temporarily reduces market supply. Notably, historical data shows that ADA holders have often increased staking during periods of a sharp price decline and vice versa.  As this is the highest level of ADA staking activity since June 2023, the short supply could help keep the price above the $0.23 support.  Strategic Crypto Traders Are Looking to Buy the Dip The overall sentiment surrounding the altcoin market has flipped bearish this week, majorly due to the escalating crisis in the Middle East. While long-term Cardano investors are staking, strategic new entrants are placing orders to buy more ADA, capitalizing on the falling prices.  Aggregate data from the Order Books of 10 recognized exchanges confirms that the bulls now dominate the ADA spot market. As depicted below, bullish traders have placed active orders to buy 350 million ADA at the average price of $0.25. This is slightly higher than the corresponding 320 million ADA sell orders. Cardano (ADA) Aggregate Exchange Order Books| Source: IntoTheBlock The Exchange Order Books chart captures the number of active Cardano buy/sell orders placed across recognized cryptocurrency exchanges.  As seen above, orders on the buy/bid side towers above the Sell/Ask side, with demand outpacing supply by more than 30 million ADA.  Combined with the increased staking, the available trading supply will likely drop further. ADA Price Prediction: The Bulls Can Hold the $0.23 Support The on-chain indicators highlighted above add credence to the position that Cardano’s price will likely hold a high support level amid the growing bearish sentiment.  The In/Out of the Money (IOM) chart, which depicts the entry price distribution of current Cardano holders, also validates this bearish prediction. It shows that the $0.24 support level could prove daunting for the bears. As seen below, 64,000 addresses purchased 1.2 billion ADA at a minimum price of $0.24. As the most significant support cluster, that could pose a major obstacle in preventing the bears from pushing far below current prices. But if the bearish momentum intensifies, Cardano’s price could edge closer to $0.23.  Cardano (ADA) Price Prediction  | In/Out of the Money (GIOM) data | Source: IntoTheBlock Alternatively, the bulls could seize the narrative if ADA price can reclaim $0.30. But that seems far-fetched currently, as 129,700 addresses have bought 2.26 billion ADA coins at the average price of $0.26. If they sell quickly, Cardano’s price will likely retrace.  But if that resistance level caves in, the price could rally toward the $0.30 range.

[coinnewz]

Long-Term Holders Own 73.5% of Bitcoin Supply

Bitcoin is becoming increasingly scarce. The current level of BTC supply in the hands of long-term holders is approaching its all-time high set in 2015. On-chain data shows a record pace at which investors withdraw their coins and move them to cold wallets. Historically, such situations have occurred at the bottom of cryptocurrency macrocycles. Therefore, the high level of Bitcoin supply in the hands of LTH and the upcoming BTC halving could become catalysts for a new crypto bull market. Bitcoin Supply vs. Price Bitcoin supply (orange line) is determined by a mathematical algorithm that drives the largest cryptocurrency to the amount of 21 million BTC that can ever be mined. New BTCs are awarded to miners for solving a mathematical task to validate the next block of the network chain. However, the supply of Bitcoin is growing at a decreasing rate, which is regulated by the so-called halving (dashed line). Roughly every four years, the reward given to BTC miners is reduced by half. In turn, this makes fewer and fewer newly mined coins available on the market. The result of this and the simple economics of supply and demand is that the price of the largest cryptocurrency increases over time (black curve). In short, the limited supply and decreasing issuance of new coins increase Bitcoin’s scarcity. This scarcity, combined with cryptographic security, durability, and transparency – to name just the most important attributes of the Bitcoin network – increases the price investors are willing to pay for this digital asset. Bitcoin supply / Source: Glassnode It is worth adding that the above Bitcoin supply chart is often modified by coins that are considered lost. By definition, lost coins have not moved for at least 7 years. Then we get a metric of adjusted circulating supply, which takes into account lost coins. As seen below, the amount of BTC in circulation has remained relatively constant at around 15 million BTC since the beginning of 2016. This is despite the fact that almost 19.5 million BTC has been mined so far. Therefore, as many as 4.5 million coins are considered lost. Bitcoin supply in circulation adjusted for lost coins / Source: Glassnode Bitcoin Supply in the Hands of Hodlers Long-term holders (LTH) of Bitcoin are entities holding their coins for at least 155 days. They are also sometimes referred to as hodlers, as they follow a simple investment strategy called HODL. Short-term holders (STH), on the other hand, keep their coins for less than 155 days, after which they transfer them to another address or sell them. The detailed definition still includes a 10-day transition period between the two types of holders. Long-term vs short-term BTC holders / Source: Glassnode With on-chain data, it is possible to see how much Bitcoin supply is in the hands of LTHs at any given time. The metric of Long-Term Holder Supply provides such a chart. First of all, we can see that the supply in the hands of LTHs has been steadily increasing and, at least since August 2022, has been consistently recording new all-time highs (ATH). The current metric suggests that 14.532 million BTC is held long-term. Naturally, it also partly takes into account lost coins. However, the most interesting feature of this metric is its inverse correlation with the price of BTC. Well, on a large scale, we observe that periods of dramatically declining Bitcoin supply in LTH hands (green) corresponded with macro peaks in the BTC price (blue). Supply in the hands of LTH. Source: Glassnode In contrast, the reverse dependence is no longer so clear. The macro bottom in the BTC price has not always been the same as the peak in Long-Term Holder Supply. However, it has always been the case that bear markets have led to increased assets held long-term. Moreover, this trend often continued throughout the accumulation phase and even in the first months of a new bull market. Returning to 2015 Peaks The last sharp decline in Bitcoin supply in LTH hands occurred between October 2020 and April 2021. That’s when the BTC price rocketed out of the $11,000 area and recorded a historic ATH of $64,500. Interestingly, when the price of BTC set the current ATH of $69,000 six months later, supply in the hands of LTH was already at new highs. In hindsight, this could have been read as an early signal of an impending bear market. Since then, Bitcon’s long-term supply has been rising. Well-known cryptocurrency market analyst @therationalroot tweeted a chart of Bitcoin supply in the hands of LTH relative to the total available supply. He noted that the current percentage of long-term supply stands at 73.5% and is approaching the historic high of 2015. Percentage of Bitcoin supply in the hands of LTH / Source: Twitter Interestingly, neither the bear market of 2018, the COVID-19 crash of 2020, nor even the bottom of the 2022 downtrend led to such a high supply of LTH as we are seeing now. According to the analyst, this is indicative of Bitcoin’s increasing scarcity. What’s more, it indicates the high confidence investors have in the largest digital asset. On the other hand, when a new wave of short-term holders wants to acquire Bitcoin, hodlers will reduce their holdings. Then the price of BTC will be in the intense expansion phase of the future bull market. For BeInCrypto’s latest crypto market analysis, click here. Disclaimer In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Source link Read the full article

[etiennekissborlase]

Bitcoin Liquidity Shrinks: Only 462 BTC Needed To Move Price By 1%

Bitcoin Liquidity Shrinks: Only 462 BTC Needed To Move Price By 1% https://bitcoinist.com/bitcoin-liquidity-shrinks-462-btc-move-price/ The bear market and the US government’s operation Choke Point 2.0 continue to leave their mark on the Bitcoin market. Liquidity has plummeted in recent weeks and months. Barchart, a leading provider of real-time intraday charts of equities and commodities, reports today that this trend is currently continuing, with market depth for BTC and the most popular stablecoin in the market, USDT, hitting a new 15-month low. Market depth refers to the market’s ability to absorb large market orders without significantly affecting the price. The metric takes into account the total size and volume of open orders, bids and offers. At the end of April, according to CCData, it would have taken an order of just 462 BTC to move the asset’s price by at least 1% in either direction. According to Barchart, this is the lowest market depth for BTC-USDT since May 2022, when the leading cryptocurrency took a massive tumble in the wake of the COVID crash. Market data provider Material Indicators shared a chart yesterday showing that Bitcoin whales are currently forced to split their large buy and sell orders into smaller orders due to high slippage resulting from low liquidity. “If you are wondering why yellow is buying BTC here and brown mega whales haven’t, it’s not likely retail vs smart money. It’s because liquidity between here and $29.1k is so thin that the slippage on a whale sized order would be significant so they are literally forced to make smaller orders,” the experts explained via Twitter, sharing the chart below. Bitcoin Stronger Than Last Bear Market The data provider shared similar data recently, although it also offers a glimmer of optimism. Two days ago, Kaiko said that trading volumes on the central exchanges declined in April after rising for three straight months and surpassing pre-FTX levels in March. On the bright side, however, the crypto market as a whole is significantly larger than it was before the 2020 bull market. Moreover, quarterly trading volume on Coinbase, the largest U.S. exchange, has stabilized above $140 billion over the past three quarters. Despite this, however, it is still half of the 2021 average. In terms of liquidity, though, Kaiko also notes a deterioration, with both Bitcoin and Ethereum approaching one-year lows in 2% market depth. One trend Kaiko is currently seeing is that perpetual futures are increasingly driving price action. “Perp-to-spot volume is the highest it’s been in almost 2 years, and price discovery is taking place in the derivatives markets,” notes Conor Ryder, researcher at Kaiko. On the question of which direction Bitcoin’s price is trending, Ryder states: There was a huge buildup of long positions mid-April but as soon as funding flipped negative prices topped out. OI [Open Interest] on a downward trend since along with price as funding remains mixed so no clear trend. But the chart shows how futures are really driving prices now. At press time, the Bitcoin price stood at $29,220. via Bitcoinist.com https://bitcoinist.com May 05, 2023 at 10:20AM

[coineagle]

Elon Musk Pledges Personal Backing for Dogecoin amid 15% Plunge

Key Points

Dogecoin (DOGE) experienced a 15.55% downturn, causing impacts on the broader crypto and meme coin markets.

Despite the downturn, Elon Musk continues to express support for Dogecoin, offering hope for future rebounds.

Dogecoin, a cryptocurrency known for its unique origins, has seen a substantial drop of 15.55% within the last day, as reported by CoinMarketCap.

Dogecoin Price Analysis

This downward trend was highlighted by the Relative Strength Index (RSI), which fell significantly below the neutral level, entering the oversold zone.

Nevertheless, in the unpredictable realm of cryptocurrencies, extreme RSI levels often indicate a potential for a rebound.

In line with this, Sumit Kapoor, the founder of WiseAdviceSumit, has predicted a “bullish recovery soon.”

Up until July 3rd, the MACD indicator suggested a bullish sentiment. However, a shift occurred on July 4th as bearish forces gained momentum, emphasizing the ongoing volatility in Dogecoin’s market.

Musk’s Support for Dogecoin

Despite the significant downturn, billionaire entrepreneur Elon Musk has recently stated his personal support for Dogecoin.

His comments have brought a glimmer of hope for investors worried about Dogecoin’s falling price trend.

In another interview, Musk also claimed that Dogecoin is better suited for transactions compared to Bitcoin.

Dogecoin vs. Bitcoin

To provide a clearer picture, AMBCrypto analyzed IntoTheBlock’s data and found that Dogecoin bulls outnumbered bears at press time, suggesting a potential shift in sentiment.

In contrast, Bitcoin showed a more bearish outlook, with bear activity surpassing that of the bulls.

Interestingly, both Bitcoin and Dogecoin serve as benchmarks for the broader crypto market.

When Bitcoin declines, it usually triggers a market-wide downturn. Similarly, when Dogecoin falls, the entire memecoin segment follows suit.

This pattern emphasizes the significant influence these top coins have on market trends and investor behavior.

As of the latest update, Bitcoin was trading at $54,000, marking a 4.72% decline in the past 24 hours. As a result, the global crypto market cap decreased by 6.91%, now standing at $1.99 trillion.

Dogecoin, on the other hand, was trading at $0.09551, experiencing a significant 15.55% drop within the same timeframe.

Similarly, the memecoin market cap was at $38.1 billion, reflecting a substantial 20.1% decline in the last 24 hours as per CoinGecko.

[cryptogids]

Navigeren door de Huidige Crypto Downtrend met Diamond Pigs update

Beste lezer, Welkom bij de Diamond Pigs update van juli We verkennen de nieuwste economische indicatoren, presenteren belangrijk crypto-nieuws, en spannende updates binnen het Diamond Pigs-ecosysteem. Belangrijke Hoogtepunten: - Marktanalyse: Het begrijpen van de huidige Crypto downtrend - De Invloed van macro-economische trends op Cryptocurrencies - Mt. Gox terugbetalingen: Te verwachten markt reacties - Verkoop van BTC door Duitsland: Wat betekent het voor de markt - Diamond Pigs Strategieën: Prestatie-updates - Bot Aanpassingen: Verbeterde bescherming en prestaties Probeer het gratis! Marktomstandigheden en Sentiment:  De cryptomarkt heeft de afgelopen weken aanzienlijke dalingen ervaren. Sinds BTC zijn hoogste punt ooit van $74.000 bereikte in maart, is de neerwaartse trend versneld, vooral in de afgelopen week. Hieronder staan de belangrijkste redenen voor de prijsdaling van BTC en de extra druk op de altcoin-markt. Redenen voor de Neergang: - Macro-Economische Factoren: Beleggersonzekerheid rondom inflatie en rentetarieven in de VS blijft drukken op de crypto prijzen. Federal Reserve-voorzitter Jerome Powell merkte onlangs op dat er nog meer werk nodig is om de inflatie te bedwingen, ondanks dat hij vooruitgang herkende. De indicatie van de Fed dat er dit jaar slechts één renteverlaging zal zijn, heeft bijgedragen aan een risicomijdend sentiment onder beleggers. - Mt. Gox Terugbetalingen: De failliete Bitcoinbeurs Mt. Gox zal vanaf juli beginnen met het distribueren van ongeveer $9 miljard aan bitcoin- en bitcoin cash-terugbetalingen. De aanstaande uitbetaling aan schuldeisers, die naar verwachting ongeveer 142.000 BTC zullen ontvangen, kan aanzienlijke verkoopdruk op de markt brengen. - Verkoop van BTC door Duitsland: De Duitse overheid heeft de afgelopen weken ongeveer 5.000 BTC naar verschillende beurzen verplaatst, wat aangeeft dat ze van plan zijn de activa te verkopen. De Duitse overheid bezit nog steeds in totaal 40.359 bitcoins, ter waarde van ongeveer $2,32 miljard. - Capitulatie van Bitcoin Miners: Bitcoin miners tonen tekenen van capitulatie, waarschijnlijk door het uitschakelen van slecht presterende hardware en het verkopen van munten na de Halving in april. Struggles van de Altcoin Markt: - Ondanks de recente BTC-verkoop blijft de dominantie van Bitcoin hoog, variërend van 54% tot 56%. De marktkapitalisatie van altcoins vergeleken met Bitcoin is vandaag lager dan tijdens de dieptepunten van de bear market in november 2022 en het begin van de laatste bull run in oktober 2023. - Meme-coins hebben veel van de retail liquiditeit geabsorbeerd, waardoor kleinere beleggers winsten in zeer speculatieve coins najagen. - In mei alleen werden meer tokens gecreëerd dan in de hele geschiedenis van crypto van 2012 tot april 2024. Deze instroom van nieuwe altcoins concurreert om dezelfde liquiditeit, wat de uitdagingen van de markt verergert. Onze Strategieën:  Te midden van de marktcorrectie hebben sommige strategieën die zich richten op grotere munten beter gepresteerd dan die geconcentreerd op altcoins en meme-coins met hoge volatiliteit. De Hereford Bitcoin protect strategie heeft de afgelopen maand 11% beter gepresteerd dan BTC. Ondertussen heeft Gascon, dat onlangs een aanzienlijke positie in SOL had, vergelijkbare resultaten laten zien. Daarentegen deden de strategieën zoals Berkshire (top 10 index, 100% long), Duroc en Bisaro, die kleine posities in verschillende munten hebben, het minder goed. Bot Aanpassingen voor Hereford en Gascon: Het team heeft onlangs de strategie voor bots aangepast aan de huidige marktomstandigheden, waarbij de allocatie van bots die zich richten op bescherming is verhoogd in plaats van op snelle winsten. Deze bots hebben in het verleden met succes prijsbodems voorspeld en zijn gericht op bescherming tegen aanzienlijke dalingen, terwijl ze groeien wanneer de prijzen stijgen. Hier is een voorbeeld van de BTC-bot en zijn daadwerkelijke prestaties in de afgelopen 1,5 jaar. In dit voorbeeld kun je zien dat deze bot vaak actief wordt wanneer de prijs in elke periode een dieptepunt bereikt en een long (L) positie inneemt. Zodra een aanzienlijke winst is behaald, wordt de handel gesloten (C). Het is belangrijk om te vermelden dat deze soort bots, genaamd "Dip Discovery", niet altijd in positie zijn, zelfs niet wanneer de prijs stijgt.  Probeer het gratis! En Wat Nu? Het sentiment in de crypto-gemeenschap is momenteel bearish. De Duitse overheid blijft BTC in hoog tempo verkopen, wat bijdraagt aan de verwachting dat sommige Mt. Gox-schuldeisers het BTC-aanbod zullen verhogen door ten minste een deel van hun holdings te verkopen, wat de verkoopdruk verder verhoogt. Ondanks dit wordt de officiële goedkeuring van de ETH ETF in juli verwacht, en een mogelijke omkering van het Amerikaanse rentebeleid, indien ondersteund door recente inflatie gegevens, zou het dieptepunt voor deze cyclus kunnen signaleren en een gezonde run kunnen initiëren. Uit eigen ervaring hebben we vaak 80% correcties in altcoins gezien, vaak meerdere keren per cyclus. Zolang je je comfortabel voelt met de strategiekeuze die je voor de lange termijn hebt gemaakt en het risicoprofiel en de volatiliteit die ermee gepaard gaan begrijpt, probeer dan uit te zoomen en te wachten op betere dagen. Zoals altijd kun je ons bereiken via Piggy, onze AI-chat ondersteuningsbot, door een ticket te openen of een e-mail te sturen naar support@diamondpigs.com. Met vriendelijke groet,Het Diamond Pigs Team Read the full article

[cryptoheard]

Bear vs Bull Markets: A Guide for Crypto Users [2022]

Bear vs Bull Markets: A Guide for Crypto Users [2022]

You’ll often hear terms like “bull” and “bear” thrown around in various contexts to describe the state of financial markets. In simplest terms, a bull market is when market conditions are favorable, while a bear market is just the opposite. But what makes a bull or bear market? Is crypto in a bear market right now? And what’s with all the animal names? We’ve got answers ahead. In this…

[cryptrending]

Bear vs Bull Markets: A Guide for Crypto Users [2022]

Bear vs Bull Markets: A Guide for Crypto Users [2022]

You’ll often hear terms like “bull” and “bear” thrown around in various contexts to describe the state of financial markets. In simplest terms, a bull market is when market conditions are favorable, while a bear market is just the opposite. But what makes a bull or bear market? Is crypto in a bear market right now? And what’s with all the animal names? We’ve got answers ahead. In this…

[retrogradeyeo]

#crypto #shib #btc #bnb #matic #link #xrp #solo #xlm #blockchain #nft #art #funny

I also created this last night as well my #Crypto Night

#VideoGame Cover 🤙🏼🌹🔥

Which Crypto are you #Bullish or #Bearish on 🤪🤙🏼

The #Crypto Night

#VideoGame Cover 🤙🏼🔥

#NFT #Gamenft #Bull #bear #cryptomarket #StockMarket

I will have more surprises by the end of the week. 👊🏼💪🏼🤙🏼

I went with my logo as BBM

Bull Vs Bear Market ( Dirty Minds & yes because of me🤪🤙🏼🌹)

Also bottom right-

S-Stake

M-Multiply

D-Digitize

“You Crying Or Buying?” 🌹

yeonews.gr-site.com

[nftcryptonews]

Autumn bulls vs. winter bears — Will October be bullish or bearish for Bitcoin? Watch Market Talks

October has historically been a green month for Bitcoin, but will this trend continue, keeping in mind the current macro market conditions? Join us as we discuss this and more with our host, Joe Hall, and Rekt Capital, a crypto trader and analyst.

from Cointelegraph.com News https://ift.tt/caHUotb