The trader invested 1 BNB (~$707 at the time) in the Broccoli token and started selling almost on the first candles.
How do you like this market and where will it lead us all?
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Apple to launch $USDA stablecoin and "AppChain", EVM-based L2 with 30% commission.
How realistic do you think this is?
I think they can turn the industry upside down)
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β XRP Has Soared 17% in the Last Week. Whatβs Driving the Rise?
On Friday, the SEC accepted an application from asset manager 21Shares, just a day after accepting a similar application from Grayscale.
The acceptance is a step forward, but it does not guarantee approval. It shows that the SEC is willing to consider these applications.
This is different from their recent approach to other crypto ETFs. For example, the Solana ETF was withdrawn in December after the SEC hinted that they were not interested in considering it.
The SEC now has 240 days to make a decision. They are expected to accept them towards the end of the year.
The regulator still has to accept at least three other applications: from asset managers Bitwise, WisdomTree, and Canary Capitals. This could happen as early as next week.
As the community eagerly awaits further acceptance of the remaining ETF applications, the market price of XRP has begun to rise. The development of the ETF theme has generated optimism, making the future of XRP a hot topic for crypto enthusiasts.
At the same time, the acceptance of applications for the XRP ETF has raised hopes that the protracted lawsuit against Ripple may soon be concluded.
On Friday, the SEC accepted an application from asset manager 21Shares, just a day after accepting a similar application from Grayscale.
The acceptance is a step forward, but it does not guarantee approval. It shows that the SEC is willing to consider these applications.
This is different from their recent approach to other crypto ETFs. For example, the Solana ETF was withdrawn in December after the SEC hinted that they were not interested in considering it.
The SEC now has 240 days to make a decision. They are expected to accept them towards the end of the year.
The regulator still has to accept at least three other applications: from asset managers Bitwise, WisdomTree, and Canary Capitals. This could happen as early as next week.
As the community eagerly awaits further acceptance of the remaining ETF applications, the market price of XRP has begun to rise. The development of the ETF theme has generated optimism, making the future of XRP a hot topic for crypto enthusiasts.
At the same time, the acceptance of applications for the XRP ETF has raised hopes that the protracted lawsuit against Ripple may soon be concluded.
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A small gain in the BTC price over February 15-16 could trigger inflows into ETFs when traditional markets open on Monday.
The recent weekend was βchallengingβ for Bitcoin, but this trend is changing, according to Jeffrey Kendrick, head of digital asset research at Standard Chartered.
According to him, unfavorable events have already happened. In addition, the yield on 10-year US bonds is below 4.5% this week, which is a positive signal for risk assets like Bitcoin.
As these factors develop, the BTC price will first reach $100,000 and then $102,500. The growth could lead to even greater demand for coins and further positive dynamics.
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British cryptographer, Blockstream CEO Adam Back believes that all projects are still in the early stages of the bull trend - despite the inability of the first cryptocurrencies to finally overcome the $ 100,000 barrier.
According to him, the "green zone" of BTC will last for a long time after the halving (reduction of rewards for miners by two). This event occurred on April 19, 2024 - less than a year ago. From then to the end of January, sales volumes increased by more than 85%, reaching a new historical record of $ 109,114.
In addition to the halving, the Blockstream CEO noted several other factors due to which the market should grow. This is the influx of capital into cryptocurrency exchange-traded funds (ETFs), as well as regular purchases of cryptocurrencies by Strategy (formerly Microstrategy) and other large players.
βThere is a very large influx of capital into crypto ETFs right now β about twice as many bitcoins are being bought as are mined in a single day. This has a big impact on the price growth,β Beck said.
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Bybit CEO confirms the information!
Unknown whale withdrew 401,346 ETH ($1.46 billion) from the exchange and started selling.
BTC responded by falling to $97,500
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β‘οΈ Bybit CEO: We are solvent. Even if the losses from the hack are not reimbursed, all customer assets are fully backed 1:1, and we will be able to cover the losses. ( Twitter )
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β‘ Bybit has fully restored its ETH reserves
The exchange lost over $1.5 billion in ETH in a recent attack. This is one of the rare incidents of its kind.
Before the hack on February 21, when hackers withdrew over $1.5 billion, Bybit had 439,000 ETH. After the attack, the reserves were temporarily reduced to 61,000 ETH. The gap has now been completely closed.
Despite various hacks in its history, Bybit continues to operate as usual and processes withdrawals without processing. According to Hacken, an independent auditor of Bybit's reserves, its assets exceed strictly established limits.
The exchange lost over $1.5 billion in ETH in a recent attack. This is one of the rare incidents of its kind.
Before the hack on February 21, when hackers withdrew over $1.5 billion, Bybit had 439,000 ETH. After the attack, the reserves were temporarily reduced to 61,000 ETH. The gap has now been completely closed.
Despite various hacks in its history, Bybit continues to operate as usual and processes withdrawals without processing. According to Hacken, an independent auditor of Bybit's reserves, its assets exceed strictly established limits.
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Let's figure it out: crypto is not going anywhere, it is preparing for growth, and there is definitely no need to panic.
Globally, everything is even better than before. Spot Bitcoin ETFs were launched in 2024, and BlackRock is actively promoting them in investment portfolios. The US is becoming more and more loyal to crypto: Trump won the election in November with a pro-crypto position. Companies like MicroStrategy continue to buy Bitcoin, and banks, including Goldman Sachs, are implementing it into their systems.
All these factors create a solid foundation for growth, and we are on the verge of a new rise. Yes, there is a decline now, but this is not a crisis. Binance and other exchanges have staged a "cleanup": Bitcoin fell to 90 thousand, although large players have poured in billions. Perhaps this is their last chance before the upcoming regulations. Soon, such sharp fluctuations may become a thing of the past.
Large investors are actively buying Bitcoin, but its price is still stagnant - this is not an accident, but a sign of planned growth. As soon as the market comes to life, Bitcoin's dominance will decrease, and altcoins will start to grow. This has already happened in previous cycles: after falls, there was always a new round of growth, like in 2021.
The main thing is not to panic and look to the future. We have already been through ups and downs and we know that after the storm, the sun always comes out. Everything is just beginning, so be prepared!
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This is the opinion of crypto analyst Ted Pillos.
BTC's rise from a bear market low of around $200 ended in a parabolic rise to $780. Likewise, ETH appears to have completed its accumulation phase and broken through key resistance levels.
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The Salvadoran government bought Bitcoin during the Bitcoin dump that began yesterday. Officials took advantage of the bearish trend to increase their holdings to 6,088 BTC.
They purchased 7 BTC on February 25 at approximately 01:00 at a price of $94,169. The deal left the government with an unrealized loss, which is more than offset by the $147.7 million unrecorded profit it has earned since it started investing in BTC in October 2021.
Members of the crypto community have seen the Salvadoran governmentβs Bitcoin purchase as a bullish signal.
There are two other important factors that support the upward trend. First, the Fear and Greed index has already dropped to 29 and entered the fear zone. Secondly, the RSI index on the four-hour chart has dropped significantly, which means the market is oversold.
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This was stated by the head of Binance, Richard Tang.
Binance recorded liquidations worth $334 million over the past 24 hours, which is common for medium-term corrections.
In past bear markets, BTC lost from 70% to 90% of its value, while in the current cycle, the maximum correction was about 25%.
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Crypto analyst Dan Gambardello recalled the scenario when the BTC price crashed in July 2024.
While many observers feared that the cryptocurrency would continue to fall, the situation has changed. BTC reversed the trend and began a bullish rally that led to an all-time high of over $100,000.
According to the expert, despite the prevailing discontent among retail investors on social media, mainstream investors argue that the market is optimistic.
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