IJPrajapati

$BTC # - It completed 4th wave. Now 5th wave is starting which should take $BTC to 210k before Valentine's day!
#BTC #ETH #power

I think it's really important not to conflate a few days of red price action with high time frame bias.
I am firmly of the opinion that this is a yearly open shakeout after some overly eager participants levered up too big, too early.
I am very bullish on H1 2025.
#BTC #ETH

‍#Bitcoin is repeating its 8-year resistance pattern.
Every rejection at this trendline has led to massive crashes. Expect a big crash, History's repeating!
My 2025 #BT C targets are below $30,000.
#BTC  

Cedi Depreciates by 20% in 2024
The Ghanaian currency, the cedi, recently hit an all-time low against the U.S. dollar after it depreciated to GHS 14.9335 per dollar. Since the start of the year, when it traded at approximately GHS 12 per dollar, the cedi has depreciated by more than 20% in 2024, making it the fourth worst-performing currency tracked by Bloomberg.
According to a Bloomberg report, the Ghanaian currency is being weighed down by increased demand for dollars to purchase fuel, pharmaceuticals, and other fast-moving consumer goods. The decline in the cocoa output has also complicated

Vintage Bitcoin Wallets Unleash 211.51 Bitcoin
Since June 8, 2024, a series of four transactions brought 211.51 dormant bitcoins back into circulation. The initial transfer of 50 BTC occurred on Friday at block height 847,117 from a legacy address created on Sept. 4, 2013. Interestingly, another 50 BTC from an address established the following day on Sept. 5, 2013, was spent at block height 847,258.
On these dates, BTC was trading at $126 per coin, implying that the entity, likely the same individual, held about $12,600 in value. At today’s value of $6.99 million, the owner’s bitcoins apprecia

Software Engineer: Anchoring AI on Public Blockchains Aids in Establishing a ‘Permanent Provenance Trail'
With artificial intelligence (AI) seemingly destined to become central to everyday digital applications and services, anchoring AI models on public blockchains potentially helps to “establish a permanent provenance trail,” asserted Michael Heinrich, CEO of 0G Labs. According to Heinrich, such a provenance trail enables “ex-post or real-time monitoring analysis” to detect any tampering, injection of bias, or use of problematic data during AI model training.#BTC #ContentStar #比特币 #ETH

Bitcoin Trades Above $70K, Leading to Multi-Million Dollar Liquidations
Bitcoin (BTC) is up 2.1% today and 3% over the past seven days. The price has also risen 12% over the last 30 days against the U.S. dollar. As bitcoin crossed $70,000, its trade volume surged from over $10 billion to $21.58 billion. Tether (USDT) is the largest trading pair with bitcoin, accounting for more than 41% of trades, while the stablecoin FDUSD makes up more than 35%.USDT and FDUSD are followed by USD, USDC, and the South Korean won (KRW), which commands 2.67% of all bitcoin trades. While BTC is trading for $70,24

Study Shows Hedge Funds’ Net Short Positions in Bitcoin and Ether Futures Amid Market Volatility
The report suggests that the net short status represents a broader sentiment among hedge funds, which might be driven by various hedging strategies rather than outright pessimism about the cryptocurrencies’ future values. Kaiko’s study highlights this trend as the derivatives market, particularly perpetual futures, continues to be a significant arena for high-risk speculation and price discovery in the crypto sector.
Kaiko researcher Adam Morgan McCarthy notes that perpetual futures contracts on bo

First Bitcoin and Ethereum ETP Listings on LSE
The UK Financial Conduct Authority (FCA) has approved crypto exchange-traded products (ETPs) by Wisdomtree and 21shares to list on the London Stock Exchange (LSE).
“Wisdomtree is amongst the first issuers to have its prospectus relating to crypto ETPs approved by the FCA,” the company emphasized, adding:
Its 100% physically backed bitcoin and ethereum ETPs, Wisdomtree Physical Bitcoin and WisdomTree Physical Ethereum, will be listed on the LSE at the earliest date possible which is expected to be on Tuesday May 28th. At the time of listing, these

This is an opinion editorial written by Nathaniel Luz, the co-founder & CEO of Flincap, a platform for OTC crypto exchanges in Africa.#BTC
In March 2024, there was a proposed major amendment to the Commission’s rules on issuance, offering platforms and custody of digital assets. This proposed amendment required virtual asset service providers (VASPs) to raise two times the minimum paid-up capital required in the previous rules. This paid-up capital comprises funds in banks, fixed assets, or investments in quoted securities. The proposed amendment also included an increase in the filing, proce

China’s Treasury Holdings Drop Dramatically, Raising Red Flags for U.S. Markets
China has significantly reduced its stake in the U.S. Treasury market, which was 14% in 2011 and dropped to 3% by the end of 2023. The decline continued in the first quarter of 2024, as Bloomberg’s Masaki Kondo and Iris Ouyang report that China sold $53.3 billion in agency bonds and Treasury notes. As the second-largest foreign holder of U.S. Treasury securities, China’s substantial sell-off could potentially unsettle the Treasury market and raise U.S. borrowing costs.
Stephen Chiu, Bloomberg Intelligence’s chief A

El Salvador Produced 473.5 BTC Using Geothermal Electricity Sources
Companies and nations are leveraging green energy sources for mining bitcoin. According to Reuters, The Bitcoin Office of El Salvador (ONBTC), an organization dedicated to managing all things crypto, reported that 473.5 BTC had been added to the nation’s bitcoin treasury. The bitcoin was obtained in El Salvador’s mining centers, which have been powered using geothermal energy since 2021.
The bitcoin was harvested by 300 miners in the Berlin geothermal plant using the energy provided by the Tecapa volcanic complex. These crypto

According to recent updates shared on Reddit, Mt. Gox is preparing to distribute its assets of 142,000 Bitcoin (BTC), 143,000 Bitcoin Cash (BCH) and 69 billion yen to its creditors.
In the latest development, MtGox's Kraken BTC and Bitcoin Cash payment API interfaces have been updated to say “payment is now being prepared.” The update in question was made yesterday.
Distribution is expected to occur before October 31, 2024.
The Tokyo-based exchange, which was hacked in 2011 and declared bankruptcy in 2014, has been under the spotlight since US prosecutors last year accused two Russian citizens

Economist and gold advocate Peter Schiff believes that gold, silver, and mining stocks are poised for significant gains, citing optimal charts and fundamentals. He wrote on social media platform X Thursday:
#BTC
Gold, silver, and the mining stocks look like they are all ready to explode higher. Both the charts and the fundamentals have never looked better … Take advantage of what could be the biggest precious metals bull market in history.
The gold enthusiast also reiterated his pessimistic view on bitcoin, cautioning: “Bitcoin is dead money. Sell before it’s buried.” Schiff additionally offe