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  • Luna Foundation Guard (LFG) buy more Bitcoin (BTC)

    Luna Foundation Guard (LFG) buy more Bitcoin (BTC)

    The Luna Foundation Guard (LFG), a philanthropic association laid out in the Republic of Singapore devoted to making a save convention for the algorithmic stablecoin UST, has bought an extra USD 100m worth of bitcoin (BTC), expanding its complete possessions to simply over BTC 42,400 (USD 1.7bn).

    Terra (LUNA’s) author Do Kwon uncovered the news on Twitter, saying that the LFG has purchased “an extra [USD] 100M worth of BTC for UST fx saves,” and sharing a connection to the LFG holds site.

    As indicated by this dashboard following the stores, the LFG as of now has around USD 2.25bn available for later, 75.5% – or USD 1.7bn – of which is in bitcoin. Another 17.7% is in USD coins (USDC), comparable to USD 398.6m.

    Remarkably, LFG’s save surplus in US dollars has endured a shot in the course of the most recent few days as the cost of BTC and other crypto assets plunged. At its most noteworthy, the hold arrived at USD 3.658bn in esteem.

    As recently revealed, Terra declared in February that it would mostly back its stablecoin UST with Bitcoin. Do Kwon guarantee that the establishment intends to buy USD 10bn in Bitcoin?

    UST with [USD]10B+ in BTC stores will open another financial period for Bitcoin. P2P [peer-to-peer] electronic money that is simpler to spend and more alluring to hold BTC.

    At 7:20 UTC on Wednesday morning, BTC is exchanging at USD 40,047, unaltered in a day and down over 12% in seven days.

    Simultaneously, the 10th coin per market capitalization, LUNA, is changing hands at USD 85.6. It is up 1.1% in a day and down 26.5% in seven days.

    A few clients guarantee that since the LFG buys Bitcoin through “off-market gives,” it doesn’t influence costs.

    “Why not get it on-market and show other market members that there is some purchasing strength, instead of off-market manages instos/whales? I sincerely can’t muster the energy to care about off-market buys,” one client said.

  • Pantera’s Capitals CEO thinks Bear Market is Over

    Pantera’s Capitals CEO thinks Bear Market is Over

    After a half downfall from the top, the bear market in bitcoin (BTC) and crypto more extensively is presumably over for the present, and a new “enormous meeting” is probably going to occur in the following year, crypto multifaceted investments Pantera Capital’s CEO Dan Morehead has said. The notable crypto resource administrator added that the bitcoin cost is currently 56% under an 11-year-old outstanding development pattern on the bitcoin diagram. The business sectors have seldom been so modest compared with the pattern.

    Morehead likewise said in his pamphlet that we are entering a time of increasing rates and that this is the sort of thing that will presumably proceed “for a really long time,” with the 10-year US depository rate anticipated by the firm to significantly increase.

    The financial backer noticed that the middle conjecture for the top in the US Federal Reserve’s Federal Funds Rate is 2.1%.

    This most recent forecast from Pantera that the crypto market base is behind us comes after the firm toward the beginning of February conveyed a viewpoint that ended up being right on the money.

    On February 1, the company’s co-boss venture official Joey Krug anticipated in a call with financial backers that the connection among’s bitcoin and conventional monetary business sectors would break this spring.

    Up to this point, that expectation has turned outright, with the BTC cost up over 20% since the remarks were made on February 1. The expansive based S&P 500 stock file, in the interim, is up by a simple 1% throughout a similar time frame.

    BitBull Crypto

    Strikingly, Pantera isn’t the main firm that sees a potential gain from the present cost levels in the crypto market.

    As per crypto mutual funds BitBull Capital CEO Joe DiPasquale, the present solidification design for bitcoin over the USD 46,000 level is “critical” for bullish continuation towards the USD 50,000, a significant achievement at the bitcoin cost.

    Another information highlight that might give signs with regards to how financial backers are situating themselves for a potential crypto market rally is the degree of inflows to bitcoin-upheld trade exchanged reserves (ETFs).

    As indicated by crypto examination supplier Glassnode, inflows into Canadian bitcoin ETFs hit its most significant level ever, with BTC 6,594 added to the ETFs since January this year.

    Bitcoin ETFs in Canada are regularly focused on in light of the fact that the nation – in contrast to the US – has endorsed a few ETFs supported by real bitcoin instead of bitcoin fates contracts.

    Among the many supports recorded in Canada, the Purpose Bitcoin ETF saw the greatest expansion in possessions during the period with a net development of 18.7% to arrive at BTC 35,000. The increment came regardless of “a tempest of large scale and international headwinds,” Glassnode said in a report on Monday.

  • Bitcoin (BTC) Rallies, Cardano (ADA) Surges

    Bitcoin (BTC) has gained more than 3% in the last 24 hours, reaching a three-week high of $44,200 earlier on Wednesday before falling back to $44,000.

    The fact that Pavel Zavalny, chairman of Russia’s congressional energy committee, earlier Thursday suggested bitcoin could work as the country considers hard currency alternatives for oil sales in light of Western sanctions imposed on Russian companies boosted the bulls’ mood. Split Capital analyst noted not only a price increase following those comments but also a significant increase in bitcoin open interest.

    According to GlobalBlock, a digital asset broker based in the United Kingdom, bitcoin’s price strength is notable in light of a 25% increase in oil prices over the last week. According to the firm’s analysts, the oil run needs to cool before bitcoin can continue to gain. According to GlobalBlock, the accumulation of bitcoin by large investors bodes well for the cryptocurrency. This includes the Luna Foundation Guard’s plan to buy $3 billion in bitcoin in the short term and $10 billion in the long run. That’s a lot of buy pressure, according to GlobalBlock, who predicts seller exhaustion and a run above $45,000 as long as oil prices don’t reach new highs.

    Overall, bitcoin is trading in the green above the USD 43,500 mark. If BTC settles above USD 44,200, it may attempt to break through the USD 45,000 resistance in the near term.

    Ethereum price

    The price of Ethereum has also risen above the USD 3,000 resistance, clearing the USD 3,120 level, and is now up nearly 4% in a single day. The next major resistance level could be near USD 3,150, after which the price could rise to USD 3,220.

    If the price falls further, the bulls may remain active near USD 3,050. The next major support level is near USD 3,000, below which the price may test the USD 2,950 support zone.

    In other news, ether (ETH) is up 4% to $3,111, its highest level since February 16, while Cardano (ADA) and Solana (SOL) are both up about 10%. Cardano (ADA) has accelerated above the USD 1.12 resistance level. It even surpassed USD 1.15, but there was no test of the USD 1.20 resistance level. It is currently consolidating near the USD 1.12 mark.

  • BTC and Altcoins Rally Again

    BTC and Altcoins Rally Again

    As the overall crypto market cap approaches $2 trillion, Bitcoin’s (BTC) push past $40,000 with a 15% daily increase, a historic high for the world’s largest cryptocurrency by market value, has been felt in ether and numerous layer-1s. It is consolidating its gains presently and may find support near USD 42,800. The next major support level is near USD 42,200, below which the price may drop to USD 41,200. On the upside, the price is coming up against resistance near USD 44,000. Any further gains could push the price towards USD 45,000.

    As per the New York Times, battling finds continued after peace talks among Russia and Ukraine finished with no outcome other than to meet once more. As indicated by CoinGecko, Bitcoin (BTC) was exchanging at more than $43,000 by late morning Asia time.

    “Seven days into a colossal international/military episode, Bitcoin (BTC) is beating gold,” said macroeconomic planner Lynn Alden on Twitter, highlighting Ukraine and Russia’s similarly solid crypto utilization. On Chainalysis’ crypto reception list, Ukraine is positioned fourth, while Russia is positioned eighteenth.

    According to CoinGecko, if there is a closing over the USD 100 barrier, the bulls may try for a greater advance. Solana was up 11.4 percent to $97 at the time of writing. Near the USD 105 mark, the next major barrier exists. On the other hand, Ether was up 11 percent on the day to $2,900. The price of Ethereum accelerated past the USD 2,750 barrier mark and cleared the USD 2,900 level, bringing its gains to 11%. The price may surge towards USD 3,120 if there is a clear move above USD 3,000. On the downside, the first level of support can be found near USD 2,850. The next important support level is near USD 2,800, below which the price may test USD 2,750.

    Other layer-1s witnessed double-digit increases as well. At the hour of composing, Avalanche was up 17% to $86.70, while Cardano’s ADA coin was up 9.7% to 96 pennies. The cost of Cosmos’ ATOM token expanded by 16% to $31.75.

    The quantity of exceptional Tether moves contacted a month-to-month high, as indicated by Glassnode information, suggesting that merchants who changed out during the primary vulnerabilities of the Ukraine emergency are moving resources around in anticipation of a reemergence into the market.

    By and large, Bitcoin (BTC) costs burst through various obstructions at USD 40,000 and USD 42,000. BTC might address lower, in spite of the fact that plunges beneath USD 42,000 might be limited.

  • BTC and ETH among Others Rally

    BTC and ETH among Others Rally

    Bitcoin price has gained 12% since yesterday’s test of $34,500 and is now trading above $38,900 Similarly, the majority of big altcoins reduced their losses. ETH increased by 11% and went through the $2,600 resistance level. XRP is aiming to close above USD 0.70 at the moment. ADA climbed above $0.85 after testing $0.75.

    Bitcoin (BTC)

    Bitcoin price found support near $34,500 after a steep fall. Above $35,000, BTC formed a base and began a significant comeback wave above the USD 38,000 resistance mark. On the upside, the price is coming up against resistance near USD 39,500. The next major resistance mark is near $40,000, above which the price may begin to gather bullish momentum.

    The price may test the $38,500 support if there is a negative correction. The next major support level is near $37,500, below which BTC might fall to $36,200.

    Ethereum (ETH)

    Ethereum’s price followed a similar pattern and began a new upward trend from the USD 2,300 level. The price of ETH has risen above $2,600 and is now facing resistance near USD 2,650. The next major resistance zone is at USD 2,750, above which the price might touch $2,880. If not, it might fall to the USD 2,550 support level. The next important support level is near $2,500, below which the price may test $2,420.

    Other Coins

    Cardano (ADA) fell dramatically, testing the USD 0.75 support level. It has recovered its losses and is now trading above USD 0.80. Although the price gained to $0.85, the bears are likely to continue aggressive towards USD 0.90. The value of BNB has risen above $350. It’s currently seeking to break above the $365 barrier level on the upside. If a definite trend emerges, the price might soar towards $388.

    Solana (SOL) is trading above the $85 barrier mark, up 16 percent. The next big barrier is near the $95 level, above which the bulls may try to break through to the $100 level. DOGE dropped to $0.105 before resuming its upward trend. The price is now stabilizing over $0.120. The bulls may find resistance near the USD 0.125 level on the upside. The price of XRP soared and tested the $0.62 support level. The price has begun to rebound and is currently trading near $0.70. A close above $0.70 may pave the way for more advances.

  • Bitcoin (BTC) Jumps amidst Russia Ukraine Problem

    Bitcoin (BTC) Jumps amidst Russia Ukraine Problem

    After US President Joe Biden announced further disciplines against Russia, Bitcoin (BTC) rose unassumingly.

    At press time, the greatest computerized cash by market capitalization was changing hands for $38,009. Following beginning at to some degree under $37,000 on Tuesday, Bitcoin remained unaltered for the majority of the day.

    During an interactive discussion on Tuesday, Biden communicated strangely that he considers Russia’s new stroll into two revolutionary areas of Ukraine to be an “assault.” According to Bloomberg, he proposed disciplines against Russia that would as a matter of fact “shut off western cash.”

    Biden’s comments came a day after he constrained more approves against Russia after the Kremlin communicated it was sending “amicability keeping” contenders into Donetsk and Luhansk, which Russia has ensured for quite a while before the current uplifting.

    According to Bloomberg, Biden moreover communicated that the US would pass additional provisions and troops on to countries in the Baltic region and Poland.

    Bitcoin monetary patrons have been looking out for the rising tensions in Ukraine, as Russia should contemplate an irrefutable assault, while specialists are separated on the long-and flashing repercussions.

    How will Crisis-Hit Crypto Market

    The greatest advanced cash by market capitalization fell under $40,000 curiously since January 21, inducing representatives to figure on how Russia’s bringing military presence up in Ukraine could impact the crypto market.

    The asset will give the most security and worth by and large for people like me who are really long stretch focused in and subtly getting bitcoin reliably, said Jason Deane, a master at Quantum Economics. It’s a fundamental trade condition planned to make fiat for sellers and scholars. It’s an amazing and risky bet on trade for them. The request is, whose story will more move?

    Bitcoin hasn’t demonstrated to be the development fence that many had anticipated.

    According to Alex Kuptsikevich, a senior financial master at FxPro, bitcoin is moving nearer a retest of the momentary round level of $35,000, near where buyers ended up being more powerful around the completion of a month prior. Will bitcoin stay as connecting with at these levels thinking about changing macroeconomic conditions?

    Anyway lengthy generally speaking strains in Europe decrease, he acknowledges fundamentals will fuel long stretch advancement for bitcoin.

    Last week, Don Kaufman, an analyst at TheoTrade, let CoinDesk TV in on that the likelihood of enormous degree sanctions on Russia could incite a bitcoin bull run, as Russia looks to the crypto market to investigate likely overall discipline for its exercises in Ukraine.

    According to Edward Moya, an inspector at Oanda, bitcoin could take one more hair-raising breakdown before longer-term monetary patrons have confidence in returning.

  • Bitcoin (BTC) – What is the King Up to now?

    Bitcoin (BTC) – What is the King Up to now?

    At the time of writing this article, BTC has a value of $48,046 (1% increase today) with a trading volume of $34,074,109,538 with an increase of about 12% over the past 24 hours. The king is slow to move today and as a result, the other coins have also been slow to move. As long as BTC consolidates, we can see some coins pop one after another but of course, no one goes against it.

    BTC is listed on coinmarketcap in 1st place. The rightful place for the king. It has a market dominance of about 40.36%. BTC had created its all-time high around the price of $69k. It later dropped to the price of $42 from where it showed reversal. The highest it went today is around $48,472. It has a circulating supply of about 18.9M. It has a total supply of about 21M.

    Technical Analysis

    As we showed in the last analysis that you can find here, we said that BTC can range for a while in the range that we have drawn. Fast forward to 30 days later, the analysis is still valid and we have seen BTC consolidate within the range. The price now has done a number of fake-outs that had trapped both the buyers and the sellers in the range.

    BTC - 1D

    Different points should be taken into consideration. One is the mitigation area that is also a confluence to the break of structure. We can see that the price has been consolidating for a while. Now we can look for the price to go up and mitigate this level from where we can expect a drop in the price.

    Now the price can then drop to the lower level from where we can expect a reaction. lower time frame confirmations should be taken into consideration before taking an entry.

    Price Prediction – Bitcoin (BTC)

    The coin also seems to have a good future. Walletinvestor expects a value of $83,233 by the end of the year and positive growth throughout the next five years. In 2025, it is expected to be around $211,092. A lot of traders had been bullish regarding the price of bitcoin and expected that it would reach $100k before the end of the year. Yet here we are with the price of BTC trading below $50k. But now it seems that a lot of them were wrong.

  • Where the King is Moving? – Bitcoin (BTC)

    Where the King is Moving? – Bitcoin (BTC)

    At the time of writing, BTC is being traded at the price of $57,980. The price of BTC has increased by almost 5.52% in the past 24 hours. The daily trading volume has also increased by almost 32.36% in one day. BTC is listed on coinmarketcap at 1st spot according to market capital (the one true king of the market) and has a market dominance of about 42.03%.

    BTC before the crash had achieved its all-time high around the price of $64,895 in April 2021. During the crash, the price of BTC touched a bottom of $28,600 during the month of June 2021. After this, the price showed reversal and went to achieve a new all-time high around the price of $69,000.

    BTC has a total supply of 21M coins and has a circulating supply of about 18.8M tokens. BTC can be traded at a lot of different exchanges such as Binance, OKEx, Huobi with different trading pairs.

    Technical Analysis – Bitcoin

    Before the drop of Bitcoin (BTC) from all-time high, people were expecting it to crack the 70k, but the number was a strong zone to crack and quickly resulted in the fall of the market. Now the market is trading in the $50s and we can expect it to drop even more to the $40s.

    BTC - 1D

    It can be seen that the market has been bouncing from $53k support. In the past, it had stayed there for a while before moving to the all-time high. We can expect the market to touch the $63k zone before it falls down to the 40s as a move of fake-out. But this is only one possibility and a lot more can change in a matter of minutes. So lower time frame confirmations are important. Possible zones to watch out for are $49k, $53k, $58k, $62k.

    Long Term Price Prediction – Bitcoin (BTC)

    Before the drop of BTC from $69k. People were expecting the price of BTC to touch the value of $100k before the end of the year. Now after the drop-down to $52k, a lot of those speculations have vanished. A lot of people are still eying for BTC to break the all-time high and touch the zone of $80k but it seems that it has become difficult right now with the way price has been reacting

  • Update on the Crypto Market: What’s next

    Update on the Crypto Market: What’s next

    The crypto market is very hard to judge with a lot of volatility around the space. But the market updates keep the investors interested. If we go back into the past, things are improving for the cryptocurrency industry. And, Bitcoin and altcoins are getting more approval than ever before.

    Bitcoin (BTC) has been trading in the key support region of $46,666 and resistance of $50,000. BTC crossed the $50,000 mark on August 23rd, 2021 for the first since the last three months.

    Regulation heralds the coming age of any new financial instrument. Some might argue that cryptocurrencies do not need help from the authorities. It may sometimes. But for cryptocurrencies to thrive in the masses, they need to be regulated.

    Lately, there has been a lot of drama in the Crypto Market. China has threatened Bitcoin and completely ban the mining process.

    Increased regulatory scrutiny from China is changing the bitcoin mining landscape. The bans aren’t exactly shocking, but their sudden manifestation and stringency have left miners in the region reeling.

    Apart from the problems that miners are facing in China. What effects will this ban have on the crypto society in the future? That’s the crucial question. Well, since the ban news first surfaced, it had its impact on the market for a while. But there’s much optimism considering the circumstances in the US.

    It is estimated that a substantial minority around 30% to 40% of China’s orphaned hash rate will end up in the United States, with Texas leading the charge. While the rest of the miners are expected to set up in the Central Asian region.

    The U.S. is positioned to benefit greatly from the shakeout. We anticipate over 40 exahashes will be managed by U.S.-based mining pools by the end of 2021.

    Recently, there has been a debate in the US government regarding the tax reporting of cryptocurrencies. For now, the US Congress blocked the crypto amendment. It was because of the undefined and broad language of the crypto bill.

    Recently there’s been a lot of hype around Non-Fungible Tokens. Popularly known as NFTs. What we’re saying here is that the blockchain world is evolving more than ever. Bitcoin’s adoption by financial institutions is growing. PayPal is a big example recently.

    The US government reportedly is pushing to include global crypto data sharing rules in the $3.5 trillion budget package. The Biden Admiration is keen to get hands-on the proper legislation of the crypto markets. The Treasury wants crypto businesses to report information on foreign account holders. So, the U.S. government can share information with global trading partners.

    This is a good signal for the crypto community in the long term as we’re heading towards crypto adoption. Now the US government is serious about the crypto market and thinks of it as a major revenue tax stream.

    However, former US President Donald Trump, in a recent interview, said that he’s not a big fan of Bitcoin. His stance regarding the crypto industry has been rather strict. If we see Donald Trump once again as the US president, things might get different.

    Trump made a statement saying that he would like to see US currency thrive. He doesn’t like it because it’s another currency competing against the dollar. With hurdles, governments will gradually accept the reality and how crypto market can add billions to their economy.

    There’s this latest update from Twitter. The social media giant could soon enable users to tip content creators using Bitcoin. This will be added via the latest update to Twitter’s Tip Jar feature.

    Market Situation

    Moving towards Bitcoin, things are looking good as of September 1. We might head towards a new bull run. Ethereum with the ticker name ETH has really kicked off and has lowered the dominance of BTC to 41.9%. And, Ethereum dominates by 19.1%.

    Ethereum dominance means that altcoins are the ones that will benefit the most from the bull run. When there is higher BTC dominance, it means that Bitcoin will have a higher trading volume.

    As of September 1, Ethereum’s price breaks $3,500 and hits 3-month highs against Bitcoin. Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50,000?

    Bitcoin has been seeing some consolidation below $50,000 as a psychological barrier. However, during this pullback, several big altcoins have been surging in price, suggesting that the alt season isn’t over yet.

    Meanwhile, Bitcoin’s price faces a crucial resistance to breakthrough. While Ether is already cracking that resistance, hitting a three-month high versus BTC. And, facing a run toward the next resistance around the all-time high.

    The primary question is now whether this Ether breakout is a signal for Bitcoin to follow suit. And, break through the resistance barriers in September. Historically, September has been a corrective month. Meaning that such a breakout may catch many traders off guard. The critical resistance zone at $51,000 is key to break for Bitcoin to push further upwards.

    The daily chart for Bitcoin shows a consolidation between $44,000 and $50,000. This consolidation resulted in a big breakout of altcoins. Some altcoins already broke their previous all-time highs.

    The bearish divergence in the chart will only be confirmed when the recent higher low is invalidated and broken downward. At that point, the uptrend is officially reversed.

    Currently, the market is consolidating after the rally from Bitcoin’s July lows. The bearish divergence remains unconfirmed until Bitcoin loses the lower bound of the support range, which can be found at $44,000.

    Whereas, the total cryptocurrency market capitalization shows a bullish continuation with constant higher lows and higher highs.

    The crucial breaker for the market cap to break through is the resistance zone, around $2.12 trillion. Once that one breaks, more upside is likely toward new all-time highs. This structure might also foreshadow Bitcoin’s price trajectory. As the Bitcoin and USDT charts are showing upside.

    On the other hand, Ethereum crossing the crucial breaker at $3,400 is a big signal for the crypto market. The difference between Bitcoin and Ethereum right now is that Ether is hitting higher highs, while Bitcoin remains in a sideways range.

    So, the critical breaker for Ether is the previous resistance zone at $3,400. As long as that sustains support, continuation toward all-time highs becomes increasingly likely.

    However, if a breakdown beneath $3,400 takes place, a potential bearish divergence comes into play. This could end in a correction to $2,600. Such a correction would also affect Bitcoin, which also has a few critical levels to watch as support.

    Conclusion

    To conclude our analysis of the market, if Bitcoin doesn’t go vertical or has a significant impulse wave. Altcoins are in a splendid position to outperform BTC in the short term. And that’s what the market is currently seeing.

  • Bitcoin (BTC) price prediction – 0,000 when or if?

    Bitcoin (BTC) price prediction – $100,000 when or if?

    Bitcoin (BTC) – the king of the market – had crashed brutally in the market correction after the 2021 bull run. The sentiment, although largely bearish in the short term, is still unclear. It is expected of the cryptocurrency to reach towards the high if not more, observed during the bull run. On the other hand, the prolonged bearish momentum has also led to doubts about the future of cryptocurrency.

    At the time of writing, BTC coin stands at a price level of $30,616. The price has declined by 3% in the daily timeframe – marked by decreased volatility – while the trading volume has gone down by 7%. The market dominance of the king of cryptocurrency stands at 46%.

    The market outlook for Bitcoin continues to be bearish given the dominance of the bears. Out of the total technical indicators, fifteen are giving out a signal of sell with nine indicators standing at a neutral position and only two indicators at a buy position. The oscillators are neutral while the moving averages suggest a strong sell.

    Bitcoin (BTC) price prediction – To $100,000?

    According to a poll issued by Santiment – the crypto data analytics firm – on Twitter, users are bullish on Bitcoin. Thirty percent of the poll respondents think that Bitcoin will cross $100,000 during 2021 while eleven percent voted that BTC will never cross $100,000. Is it possible for Bitcoin to cross $100,000 that too in 2021? Per the estimates of Wallet investor, Bitcoin’s one-year forecast places the cryptocurrency at $58,136 while the five-year projection suggests a price of $163,008. Digital Coin Price predicts Bitcoin will end the year with a price level of $47,478 and the $100,000 mark will be crossed in 2026.

    For many, the question of $100,000 for Bitcoin remains a “when” and not an “if”. While the cryptocurrency may be bearish in the short-term, it has been established as a digital asset and a store of value; hence, it is expected to only rise in value.