CRYPTO MARKET News 📰
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
BTCUSD analysis 🖨
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
CRYPTO MARKET News 📰
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
CRYPTO MARKET News 📰
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
VIP Traders 🇺🇸 USA channel
CRYPTO MARKET News 📰 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…
Positive developments on SHIB ❤️❤️
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
CRYPTO MARKET News 📰
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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 $30,000 in May, leaving MicroStrategy in the hole on its average purchase price, the business has persistently refused to change its stance on the digital asset.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
CRYPTO MARKET News 📰
Several Solana RPC nodes are apparently down after being DDoS-ed in order to slow down an ongoing exploit that has taken millions of dollars from thousands of customers.
Over 8,000 Solana wallets have been compromised in the ongoing breach, with more being added by the minute. Solana has not had a good year in 2022. While the whole industry is under pressure, the Solana ecosystem has been the target of many hackers, with losses approaching a billion dollars. At the time of publication, Solana was trending for all the wrong reasons.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
Several Solana RPC nodes are apparently down after being DDoS-ed in order to slow down an ongoing exploit that has taken millions of dollars from thousands of customers.
Over 8,000 Solana wallets have been compromised in the ongoing breach, with more being added by the minute. Solana has not had a good year in 2022. While the whole industry is under pressure, the Solana ecosystem has been the target of many hackers, with losses approaching a billion dollars. At the time of publication, Solana was trending for all the wrong reasons.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
GOOD MORNING!!📝
Market is taking each and every Dip as an opportunity for buying. Both Bitcoin and Ethereum have stood firm. Bitcoin trades at 23,200$ while Ethereum is currently trading at 1,665$.
Bitcoin is currently up by 0.85% while Ethereum is up by 2%.
A few Alts have been very strong on the upside. TRB up by a whooping 24% while LTC is up by 8.20% for the day. SHIB and DOGE both doing fairly well!!
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
Market is taking each and every Dip as an opportunity for buying. Both Bitcoin and Ethereum have stood firm. Bitcoin trades at 23,200$ 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!!
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
GOOD MORNING!!📝
BTC Update coming up tomorrow 🔎🔎
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
BTC Update coming up tomorrow 🔎🔎
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
CRYPTO MARKET News 📰
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
GOOD MORNING!!📝
BTC Update coming up soon 🔎🔎
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
BTC Update coming up soon 🔎🔎
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
CRYPTO MARKET News 📰
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
GOOD MORNING!!📝
Ethereum Update coming up soon 🔎🔎
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
Ethereum Update coming up soon 🔎🔎
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
INTRA-DAY ANALYSIS!!📝
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
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.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
ETHUSD analysis 🖨
Time-Frame: 4-Hours
In this bear market, Ethereum has been one of the most powerful coins. It has outpaced Bitcoin in almost all rallies and moves. Bitcoin recently attempted another 52-week low, while Ethereum remains significantly above its 52-week low.
It still has very strong supports near 1185-1165. Maintaining these supports will maintain Ethereum's bullish sentiment. Below this, there is another level of support at 1140. Furthermore, as long as Ethereum maintains the 1080-1070 levels, it will be fine.
On the upside, 1230 is a resistance level that must be broken for price to continue higher, first towards 1270, then 1320-1350. This is where aggressive profit-taking is recommended.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
Time-Frame: 4-Hours
In this bear market, Ethereum has been one of the most powerful coins. It has outpaced Bitcoin in almost all rallies and moves. Bitcoin recently attempted another 52-week low, while Ethereum remains significantly above its 52-week low.
It still has very strong supports near 1185-1165. Maintaining these supports will maintain Ethereum's bullish sentiment. Below this, there is another level of support at 1140. Furthermore, as long as Ethereum maintains the 1080-1070 levels, it will be fine.
On the upside, 1230 is a resistance level that must be broken for price to continue higher, first towards 1270, then 1320-1350. This is where aggressive profit-taking is recommended.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
Fear and Greed analysis 🖨
The bullish market was last seen in November 2021. Since then, Fear has dominated the Fear and Greed Index. For nearly a year, the Index has not risen above the 60-point mark.
This demonstrates that the overall market is concerned about Fear. Having said that, the fear currently resembles the market's bearish sentiment. When this begins to change and the market begins to find acceptance above the 70 scale, the bull market is likely to return.
It is always preferable to buy and hold in times of extreme fear rather than enter when things are already overheated and priced-out. The coming months will allow for a good accumulation of Bitcoin and other coins for large gains.
The bull market will return soon.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
The bullish market was last seen in November 2021. Since then, Fear has dominated the Fear and Greed Index. For nearly a year, the Index has not risen above the 60-point mark.
This demonstrates that the overall market is concerned about Fear. Having said that, the fear currently resembles the market's bearish sentiment. When this begins to change and the market begins to find acceptance above the 70 scale, the bull market is likely to return.
It is always preferable to buy and hold in times of extreme fear rather than enter when things are already overheated and priced-out. The coming months will allow for a good accumulation of Bitcoin and other coins for large gains.
The bull market will return soon.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
CRYPTO MARKET News 📰
DOJ watchdog seeks independent review of FTX bankruptcy.
The U.S. Department of Justice's bankruptcy watchdog on Thursday called for an ihere investigation into the collapse of crypto exchange FTX, saying customers need a neutral party to investigate allegations of "fraud, dishonesty, incompetence, misconduct, and mismanagement."
FTX has ousted founder Sam Bankman-Fried, and new CEO John Ray, who was hired to steer the company through bankruptcy, has said investigating FTX’s implosion and recovering customer assets are among his top priorities.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️
DOJ watchdog seeks independent review of FTX bankruptcy.
The U.S. Department of Justice's bankruptcy watchdog on Thursday called for an ihere investigation into the collapse of crypto exchange FTX, saying customers need a neutral party to investigate allegations of "fraud, dishonesty, incompetence, misconduct, and mismanagement."
FTX has ousted founder Sam Bankman-Fried, and new CEO John Ray, who was hired to steer the company through bankruptcy, has said investigating FTX’s implosion and recovering customer assets are among his top priorities.
⚡️𝗩𝗜𝗣 𝗧𝗿𝗮𝗱𝗲𝗿𝘀 𝗧𝗲𝗮𝗺⚡️