CRYPTO MARKET News ๐ฐ
Is Tesla to Blame for a $1 Billion Crypto Liquidation?
Tesla, one of the world's leading automakers, just released its second-quarter earnings report. According to the article, the corporation liquidated 75 percent of its Bitcoin (BTC) assets for around $936 million. Nonetheless, the corporation disclosed in its SEC filing that it owned $222 million in digital assets, or crypto, as of June 30th.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Is Tesla to Blame for a $1 Billion Crypto Liquidation?
Tesla, one of the world's leading automakers, just released its second-quarter earnings report. According to the article, the corporation liquidated 75 percent of its Bitcoin (BTC) assets for around $936 million. Nonetheless, the corporation disclosed in its SEC filing that it owned $222 million in digital assets, or crypto, as of June 30th.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
GOOD MORNING!!๐
After a strong start to the week price has taken some aggressive pressure. This is directly due to the upcoming FOMC meeting on Wednesday. Currently Bitcoin trades at 21,150$ while Ethereum is trading at 1425$.
Bitcoin is down by 3.40% while Ethereum is down 6.50%
Alts are also having a difficult start to the day as nearly all coins are down. Sol is down 7.30% while BNB is down 4.40%.
- Generational Buying Opportunity could be seen soon!!
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
After a strong start to the week price has taken some aggressive pressure. This is directly due to the upcoming FOMC meeting on Wednesday. Currently Bitcoin trades at 21,150$ while Ethereum is trading at 1425$.
Bitcoin is down by 3.40% while Ethereum is down 6.50%
Alts are also having a difficult start to the day as nearly all coins are down. Sol is down 7.30% while BNB is down 4.40%.
- Generational Buying Opportunity could be seen soon!!
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
The XRP Ledger (XRPL) has always been efficient in the creation and exchange of tokens since its inception in 2012. โThe XRP Ledger was the first to enable the tokenization of any form of value on a blockchain. It also introduced to the world the concept of a decentralized exchange.
The XRPL offers huge advantages to those building NFT projects, including very low transaction prices on a high throughput blockchain that is carbon-neutral. XRPL transaction fees are about a half pennyโa powerful value proposition for developers of NFT projects that may have been previously deterred by expensive gas fees on other blockchains.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
The XRP Ledger (XRPL) has always been efficient in the creation and exchange of tokens since its inception in 2012. โThe XRP Ledger was the first to enable the tokenization of any form of value on a blockchain. It also introduced to the world the concept of a decentralized exchange.
The XRPL offers huge advantages to those building NFT projects, including very low transaction prices on a high throughput blockchain that is carbon-neutral. XRPL transaction fees are about a half pennyโa powerful value proposition for developers of NFT projects that may have been previously deterred by expensive gas fees on other blockchains.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
The US House of Representatives has delayed consideration of a stablecoin bill.
According to individuals familiar with the subject, a major regulatory body will postpone consideration of a comprehensive stablecoin regulation measure for many weeks due to banking sector objections and late adjustments to some clauses.
Compromise legislation crafted by Democratic and Republican leaders of the United States House Financial Services Committee is unlikely to be examined by the panel until September, after efforts to pass the package before the month-long August legislative recess failed. According to one person familiar with the situation, part of the delay is due to revisions sought by the US Treasury Department, which broadly supports the measure but wants tougher consumer safeguards related to wallets where consumers would store their digital assets.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
The US House of Representatives has delayed consideration of a stablecoin bill.
According to individuals familiar with the subject, a major regulatory body will postpone consideration of a comprehensive stablecoin regulation measure for many weeks due to banking sector objections and late adjustments to some clauses.
Compromise legislation crafted by Democratic and Republican leaders of the United States House Financial Services Committee is unlikely to be examined by the panel until September, after efforts to pass the package before the month-long August legislative recess failed. According to one person familiar with the situation, part of the delay is due to revisions sought by the US Treasury Department, which broadly supports the measure but wants tougher consumer safeguards related to wallets where consumers would store their digital assets.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
GOOD MORNING!!๐
Bulls return with a bang. Market goes aggressive on the upside as FED gives inflation ease hopes. Bitcoin currently trades at 23,175$ while Ethereum is trading at 1645$.
Bitcoin is up 9.20% for the day while Ethereum is up by a whopping 13.50%
Alts on the other hand have been equally strong with SOL up by 8.20%, ADA up by 8.70% and DOGE up by nearly 7% for the day.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Bulls return with a bang. Market goes aggressive on the upside as FED gives inflation ease hopes. Bitcoin currently trades at 23,175$ while Ethereum is trading at 1645$.
Bitcoin is up 9.20% for the day while Ethereum is up by a whopping 13.50%
Alts on the other hand have been equally strong with SOL up by 8.20%, ADA up by 8.70% and DOGE up by nearly 7% for the day.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
GDP decreases for the second quarter in a row; is the US in recession? YES
Global markets have been boiling since the United States revealed its second straight quarterly decrease in GDP growth, indicating a 'technical recession.' According to figures released by the US Bureau of Economic Analysis, the country's annualised second-quarter economic growth decreased by 0.9 percent, falling short of experts' estimates of a 0.5 percent improvement.
On the one hand, the US economy is clearly in a slump. Politicians, on the other hand, are openly rejecting the same, redefining recession entirely. Following the release of the GDP data, White House Press Secretary Jean-Pierre dismissed suggestions that White House officials are "redefining recession," while explaining why two consecutive quarters of negative GDP growth do not constitute a recession.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
GDP decreases for the second quarter in a row; is the US in recession? YES
Global markets have been boiling since the United States revealed its second straight quarterly decrease in GDP growth, indicating a 'technical recession.' According to figures released by the US Bureau of Economic Analysis, the country's annualised second-quarter economic growth decreased by 0.9 percent, falling short of experts' estimates of a 0.5 percent improvement.
On the one hand, the US economy is clearly in a slump. Politicians, on the other hand, are openly rejecting the same, redefining recession entirely. Following the release of the GDP data, White House Press Secretary Jean-Pierre dismissed suggestions that White House officials are "redefining recession," while explaining why two consecutive quarters of negative GDP growth do not constitute a recession.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
BTCUSD analysis ๐จ
Time-Frame: 1-Month
July went just as planned. A positive end to the month of July. Going forward, August is a turbulent month that benefits no one. As the price closed six times in the negative domain and five times in the bullish domain.
However, given the present trajectory, a Green Monthly close for the month of August is quite likely. Furthermore, August has been green for the past two years.
Another noteworthy fact is that the month of August always has a greater price range, implying that if it is going to be a month of Big Price Action.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Time-Frame: 1-Month
July went just as planned. A positive end to the month of July. Going forward, August is a turbulent month that benefits no one. As the price closed six times in the negative domain and five times in the bullish domain.
However, given the present trajectory, a Green Monthly close for the month of August is quite likely. Furthermore, August has been green for the past two years.
Another noteworthy fact is that the month of August always has a greater price range, implying that if it is going to be a month of Big Price Action.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
Shiba Inu was born two years ago today.
Shiba Inu: How Many Zeroes Has It Removed Since Launch? Shiba Inu celebrates its second birthday today, having been released on August 1, 2020, for the low price of $0.000000000972241 (nine 'zeroes'). During its launch, the dog-themed token dubbed itself the "Dogecoin killer" and drew attention for its daring yet challenging motto. Nonetheless, its tagline garnered headlines and drew investors to the token during its debut. SHIB deleted the 'Dogecoin killer' phrase from its website a year later, in 2021, and softened its tone. SHIB, on the other hand, has gone a long way since its inception two years ago, removing multiple 'zeroes' from the indexes.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Shiba Inu was born two years ago today.
Shiba Inu: How Many Zeroes Has It Removed Since Launch? Shiba Inu celebrates its second birthday today, having been released on August 1, 2020, for the low price of $0.000000000972241 (nine 'zeroes'). During its launch, the dog-themed token dubbed itself the "Dogecoin killer" and drew attention for its daring yet challenging motto. Nonetheless, its tagline garnered headlines and drew investors to the token during its debut. SHIB deleted the 'Dogecoin killer' phrase from its website a year later, in 2021, and softened its tone. SHIB, on the other hand, has gone a long way since its inception two years ago, removing multiple 'zeroes' from the indexes.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
Kusama Drops Major Shiba Inu Game Teaser; Tells Shib Army To 'Get In Position'.
The anticipation for the release of the much-anticipated Shiba Inu Games has increased, and this time, the pseudonymous chief developer of the popular dog-themed cryptocurrency has not held back and has released a huge teaser about it.
Shiba Inu's official Twitter account published a cryptic video over the weekend, hinting a new impending project. While the Shib Army debated on the meaning of the little film, Kusama.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Kusama Drops Major Shiba Inu Game Teaser; Tells Shib Army To 'Get In Position'.
The anticipation for the release of the much-anticipated Shiba Inu Games has increased, and this time, the pseudonymous chief developer of the popular dog-themed cryptocurrency has not held back and has released a huge teaser about it.
Shiba Inu's official Twitter account published a cryptic video over the weekend, hinting a new impending project. While the Shib Army debated on the meaning of the little film, Kusama.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
VIP Traders ๐บ๐ธ USA channel
CRYPTO MARKET News ๐ฐ Kusama Drops Major Shiba Inu Game Teaser; Tells Shib Army To 'Get In Position'. The anticipation for the release of the much-anticipated Shiba Inu Games has increased, and this time, the pseudonymous chief developer of the popular dogโฆ
Positive developments on SHIB โค๏ธโค๏ธ
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
Michael Saylor will step down as CEO of MicroStrategy and become executive chairman.
According to MicroStrategy's earnings announcement on Tuesday, Michael Saylor will step down as CEO and take on a new role as executive chairman.
The company, which owns more than 129,699 BTC, reported $122.1 million in sales for the second quarter, compared to $125.4 million in the second quarter of 2021.
Michael Saylor's company just acquired 480 bitcoin for around $10 million at an average price of $20,817. Despite the fact that the price of bitcoin fell below $30,000 in May, leaving MicroStrategy in the hole on its average purchase price, the business has persistently refused to change its stance on the digital asset.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Michael Saylor will step down as CEO of MicroStrategy and become executive chairman.
According to MicroStrategy's earnings announcement on Tuesday, Michael Saylor will step down as CEO and take on a new role as executive chairman.
The company, which owns more than 129,699 BTC, reported $122.1 million in sales for the second quarter, compared to $125.4 million in the second quarter of 2021.
Michael Saylor's company just acquired 480 bitcoin for around $10 million at an average price of $20,817. Despite the fact that the price of bitcoin fell below $30,000 in May, leaving MicroStrategy in the hole on its average purchase price, the business has persistently refused to change its stance on the digital asset.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
Several Solana RPC nodes are apparently down after being DDoS-ed in order to slow down an ongoing exploit that has taken millions of dollars from thousands of customers.
Over 8,000 Solana wallets have been compromised in the ongoing breach, with more being added by the minute. Solana has not had a good year in 2022. While the whole industry is under pressure, the Solana ecosystem has been the target of many hackers, with losses approaching a billion dollars. At the time of publication, Solana was trending for all the wrong reasons.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Several Solana RPC nodes are apparently down after being DDoS-ed in order to slow down an ongoing exploit that has taken millions of dollars from thousands of customers.
Over 8,000 Solana wallets have been compromised in the ongoing breach, with more being added by the minute. Solana has not had a good year in 2022. While the whole industry is under pressure, the Solana ecosystem has been the target of many hackers, with losses approaching a billion dollars. At the time of publication, Solana was trending for all the wrong reasons.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
GOOD MORNING!!๐
Market is taking each and every Dip as an opportunity for buying. Both Bitcoin and Ethereum have stood firm. Bitcoin trades at 23,200$ while Ethereum is currently trading at 1,665$.
Bitcoin is currently up by 0.85% while Ethereum is up by 2%.
A few Alts have been very strong on the upside. TRB up by a whooping 24% while LTC is up by 8.20% for the day. SHIB and DOGE both doing fairly well!!
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Market is taking each and every Dip as an opportunity for buying. Both Bitcoin and Ethereum have stood firm. Bitcoin trades at 23,200$ while Ethereum is currently trading at 1,665$.
Bitcoin is currently up by 0.85% while Ethereum is up by 2%.
A few Alts have been very strong on the upside. TRB up by a whooping 24% while LTC is up by 8.20% for the day. SHIB and DOGE both doing fairly well!!
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
GOOD MORNING!!๐
BTC Update coming up tomorrow ๐๐
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
BTC Update coming up tomorrow ๐๐
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
Sullivan Bank and Bakkt Have Joined Forces to Provide Crypto Trading.
According to a recent press release, Sullivan Bank and Bakkt Holdings have teamed to enable crypto trading at the bank. At the bank, customers will be able to keep, sell, and purchase both Ethereum (ETH) and Bitcoin (BTC).
Sullivan Bank, established in 1895, is one of the oldest banks in the United States. The cooperation exists because of the increased demand for cryptocurrency among institutional clients, according to COO Mallory Farrel. He emphasised that consumers will be able to use the mobile app to not only purchase and trade Bitcoin and Ethereum, but also to keep them in their bank accounts.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Sullivan Bank and Bakkt Have Joined Forces to Provide Crypto Trading.
According to a recent press release, Sullivan Bank and Bakkt Holdings have teamed to enable crypto trading at the bank. At the bank, customers will be able to keep, sell, and purchase both Ethereum (ETH) and Bitcoin (BTC).
Sullivan Bank, established in 1895, is one of the oldest banks in the United States. The cooperation exists because of the increased demand for cryptocurrency among institutional clients, according to COO Mallory Farrel. He emphasised that consumers will be able to use the mobile app to not only purchase and trade Bitcoin and Ethereum, but also to keep them in their bank accounts.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
GOOD MORNING!!๐
BTC Update coming up soon ๐๐
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
BTC Update coming up soon ๐๐
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
CRYPTO MARKET News ๐ฐ
The top 50 creditors owe nearly $3.1 billion to the bankrupt FTX.
FTX, a cryptocurrency exchange that has filed for bankruptcy in the United States, has stated that it owes nearly $3.1 billion to its 50 largest creditors.
The exchange owes approximately $1.45 billion to its top ten creditors, according to a court filing on Saturday. On November 11, FTX and its affiliates filed for bankruptcy in Delaware, in one of the most high-profile crypto meltdowns, leaving an estimated 1 million customers and other investors with total losses in the billions of dollars.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
The top 50 creditors owe nearly $3.1 billion to the bankrupt FTX.
FTX, a cryptocurrency exchange that has filed for bankruptcy in the United States, has stated that it owes nearly $3.1 billion to its 50 largest creditors.
The exchange owes approximately $1.45 billion to its top ten creditors, according to a court filing on Saturday. On November 11, FTX and its affiliates filed for bankruptcy in Delaware, in one of the most high-profile crypto meltdowns, leaving an estimated 1 million customers and other investors with total losses in the billions of dollars.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
GOOD MORNING!!๐
Ethereum Update coming up soon ๐๐
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
Ethereum Update coming up soon ๐๐
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
INTRA-DAY ANALYSIS!!๐
The market is once again under pressure as a result of a variety of factors and FUD. The most visible is the FTX Hacker's forced selling. Overall, the failure to reclaim 17,620 has resulted in additional market selling. Both Bitcoin and Ethereum attempted to reclaim their recently lost key supports, but were rejected.
As a result, there has been another round of selling pressure. Short-sellers, on the other hand, are becoming increasingly dangerous in the future. With key supports approaching and oversold conditions, aggressive short-coverings could happen at any time.
Risk management is advised, and the 14,000-12,000 level for Bitcoin will be very appealing to acquire. While for Ethereum anything between 1000-770 mark.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ
The market is once again under pressure as a result of a variety of factors and FUD. The most visible is the FTX Hacker's forced selling. Overall, the failure to reclaim 17,620 has resulted in additional market selling. Both Bitcoin and Ethereum attempted to reclaim their recently lost key supports, but were rejected.
As a result, there has been another round of selling pressure. Short-sellers, on the other hand, are becoming increasingly dangerous in the future. With key supports approaching and oversold conditions, aggressive short-coverings could happen at any time.
Risk management is advised, and the 14,000-12,000 level for Bitcoin will be very appealing to acquire. While for Ethereum anything between 1000-770 mark.
โก๏ธ๐ฉ๐๐ฃ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐ง๐ฒ๐ฎ๐บโก๏ธ