The US government transferred approximately 10,000 BTC to a wallet with an address ending in "noe" on August 14, 2024 at 15:38:31 UTC, according to Arkham Intelligence.
The funds were seized during the Silk Road raid and are valued at $593.91 million.
This is the latest major BTC transfer by the US government, following a transfer of 29,800 BTC to an unknown address on July 29, 2024.
The US government currently holds approximately 203,000 BTC, worth $12 billion.
As a crypto industry pro who has seen the ups and downs of the market, I can tell you that $TON and $NOT are projects worth considering.
$TON is a blockchain with high speed and scalability, perfect for decentralized services. $NOT is the governance token of $TON, which can grow because:
$TON is a promising platform with a growing ecosystem.
$NOT - gives voting rights and passive income through staking.
Strong support from Telegram.
But remember: the crypto market is volatile, regulations can affect it, and competition is high. Invest wisely!
The conflict between Russia and Ukraine that began in early 2022 has hit the price of Bitcoin (BTC) hard, causing a $200 billion drop in the crypto market in a day. However, if the war ends, it could lead to a rise in BTC 🚀. ChatGPT believes that additional factors are needed to reach $100K: positive market sentiment, investor confidence, favorable regulations, and increased BTC adoption. Interestingly, the possible election of Donald Trump as US President could speed up the peace process. Trump claims that his relationship with Putin and Zelensky will help resolve the conflict quickly. Even if that doesn’t work, his pro-crypto stance could have a positive effect on BTC.
In a day, all crypto fell by 17%.
The hamsters who were longing on crypto exchanges with leverage are having their positions cut. The only way to save their deposit is to urgently add money to their balance so that they are not liquidated.
99% of crypto users do not have access to offline transactions for cash in the City. They are used to buying and selling USDT in online exchangers.
Accordingly, there was a sudden rush demand for tezor in online exchangers. Gambling addicts are saving their deposits in a collapsed market. Those who are smart will now unload on them. And in 2 days they will buy significantly at the market
There has been a lot of volatility in the market lately (Bitcoin fell by 7k in just a couple of days), caused by a combination of several factors, which I want to talk about in this post.
Let's start with the situation in the US, which, fortunately or unfortunately, affects the whole world, because the American economy is the largest in the world. And the situation in the US right now is not the most rosy.
Firstly, the unemployment rate has been growing for several months (the figures have grown by 0.2% over the past month), which directly affects the economy - people without work cannot or spend much less, which means less profit for businesses and less taxes.
For example, Amazon lost almost $1 billion in revenue last month, and this is the largest company in the world engaged in the sale and delivery of all kinds of goods in the US.
At the same time, we have been seeing a decline in inflation for several months in a row, as a result of which, according to forecasts, the Fed will lower the key rate by as much as 50 points (0.5% instead of 0.25%) to stimulate the economy, but easing the monetary policy is unlikely to immediately correct the situation. And such an active decline al
A trader made $802,000 on the CTO token in an hour with $8,500
He bought 256.8 million tokens for 50 SOL and an hour later sold 227.67 million CTO for 4,771 SOL.
His transactions were found by analysts
Lookonchain.
$BTC Many people forget one important aspect when discussing Bitcoin – its history of corrections. Remember how it crashed from $18,000 to $3,500 in 2017-2018. Then, in 2021, it went from $64,500 to less than $30,000, and then from $68,000 to $18,000. But here we are in 2024, and Bitcoin has formed a near triple top without a significant correction. This reminds us that the $40-45k range may be more realistic than the long-awaited $100k.
The crypto market loves to repeat its stories and fuel the hype, but don’t forget that institutions can withdraw their funds at any time. Risks must be justified, and while we may think one thing, the market often thinks otherwise. Do you think we will see Bitcoin at $100k or will it drop to $45k first?
Still relevant today….
Exactly 14 years ago today #Satoshi Nakamoto wrote a phrase on the Bitcointalk forum that became legendary:
“If you don’t believe me, or don’t understand, I don’t have time to try to convince you, sorry.”
The post Analyst Recommends Holding 30-50 Altcoins for Bull Run Profits: Here’s the Top Picks appeared first on Coinpedia Fintech News
There’s been a recent market pullback despite the positive ETF inflows. Historical patterns suggest a brief pullback followed by a recovery. Bitcoin shows signs of a bullish divergence and reduced volume, suggesting a breakout. Solana and its ecosystem are performing well, with some tokens breaking weekly trends and showing strong growth potential.
On Crypto Banter’s The Sniper Trading Show, the analyst said that recent chart analyses indicate a bullish divergence in Bitcoin, pointing to a potential bounce if certain support levels are maintained. With volume tapering down, a volume breakout seems imminent, hinting at a major market move on the horizon. Additionally, it’s Bitcoin week, which could bring major announcements and further market movements.
The analyst stresses the importance of being patient and diversified, holding at least 30 to 50 altcoins. Ultimately, the analyst aims to consolidate their portfolio into major cryptocurrencies like Solana, Ethereum, and Bitcoin. The total market cap indicates that altcoins will see significant movem
Hey guys.
Just a quick update on XRP.
I guess you already know that the price on the chart is being pushed by rumors about the SEC meeting to be held on July 25, and that it may be a possible settlement of the court case between Ripple Labs and the SEC.
This is just a rumor and there was no confirmation of it in the official statements of both sides, but there are certainly chances.
Now let's go back to the chart, as we predicted the price stuck to the range of 0.55 -0.63 and is trading under resistance, forming a tightening with rising highs.
Three scenarios.
- Negative
No new results and no movement in the court case after the SEC meeting, disappointment and the instrument plummets towards the 0.5 zone. - Positive
News or hints of the court case resolution, euphoria and upward triangle breakout, momentum to the 0.75-0.8 zone (or higher is hard to predict). - Neutral
The price will remain sideways for some time, continuing to trade in the range of 0.5-0.63.
Let me remind you that the story with the SEC court case against Ripple has been going on for more than 4 x years.
Stay tuned.