Bitcoin Price Today|BTC Live Chart and Forecast - cyptoranking.com

2024-05-13

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“Huge week for inflation and the Fed,” financial commentary resource The Kobeissi Letter summarized in part of an X thread.“In addition, markets will react to geopolitical tensions from this weekend. Volatility is the new normal.” NVT signal spikes to highest since 2018Within Bitcoin, the network value to transaction (NVT) signal leads the pack on on-chain metric volatility to start the week.NVT, which its creator, Dmity Kalichkin, describes as a “PE ratio” for Bitcoin, seeks to estimate local BTC price tops and bottoms by comparing market cap to daily on-chain transaction values.The latest data from on-chain analytics firm Glassnode shows NVT hitting its highest levels in five years — over 1,750 and far beyond its position at the start of 2023.Bitcoin NVT signal chart. Source: Glassnode/XNVT has undergone various overhauls in recent years, as the dynamics of the BTC supply call for different guidance figures for determining price tops.“If the trend towards side-chains and private transactions continues, we can expect less-and-less transactions to be captured in the public on-chain data (reducing the relative value of the “T” in NVT),” Charles Edwards, founder of quantitative Bitcoin and digital asset fund Capriole Investments, wrote in part of his own research in 2019.“This could cause the fair value NVT range to increase with time.”Analyzing the NVT spike, crypto market intelligence platform IntoTheBlock suggested that it was representative of a broader metamorphosis.“The lens through which we view Bitcoin's value is changing,” it wrote at the weekend. “Transaction value & volume were once the go-to metrics. However, recent spikes in NVT ratios hint that Bitcoin's value is now moving independently of transactional utility, hinting at its growing role as a store of value.”Neither fearful, nor greedyProviding a fleeting insight into crypto market sentiment, the classic Crypto Fear & Greed Index reflects an overall air of indecision.Related: Bitcoin bull market awaits as US faces ‘bear steepener’ — Arthur HayesThe average investor is ambivalent when it comes to the market, as shown by the Index sticking rigidly to its “neutral” territory.As of Oct. 9, Fear & Greed is at 50/100 — exactly half way along its scale between two sentiment extremes.Zooming out, recent months have marked some of its least volatile conditions on record.“You know the drill, i will be mass buying when we drop down to Extreme Fear and a $20,000 Bitcoin,” popular trader Crypto Tony reacted to the latest data. “May take a while, but i feel Q1 / Q2 2024 will be the ticket. If i see a change in behaviour i will re-evaluate.”Crypto Tony referenced an inkling that BTC/USD will return to $20,000 for a final retest before expanding higher after the 2024 block subsidy halving. Crypto Fear & Greed Index (screenshot). Source: Alternative.meThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. How can blockchain build upon eSports? Bitcoin Price Today|BTC Live Chart and ForecastDisclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Altcoins May Be Doomed for the Rest of the Year, Here’s Why General Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Complete Guide on How to Use Crypto PnL Calculators

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Cutler: We’re a US-based entity, and that means OFAC SDN is a fact of life for us. We work very hard to be ecosystem aligned, and there are a lot of hard line stances as it relates to OFAC SDN compliance. A number of the public goods funding approaches that were being discussed for relays explicitly carved out relays that were OFAC SDN compliant, and I had some in-depth conversations with [Ethereum Foundation] core devs who basically felt that this was a black and white issue. More than 99% of AXS investors have faced losses since the game’s currency introduction. Axie’s unique active wallet count isn’t faring much better, with a decline of over 14% in the past 30 days. This month’s transaction count is down 6.53% from the previous month. What's the best cryptocurrency to invest in, long term? Why?Image: CoinMarketCapHong Kong, UAE and Thailand to launch joint CBDC projects by 2024 The regime change has also impacted services like news feeds, such as on Binance's global website and Coinbase's app, which are no longer available to those in the UK.

Honoring the 'Doge' Meme: A DogeCoin community collaborated with local governments to install a statue in Sakura, Japan. This statue, set to be unveiled on November 2 (Kabosu's birthday), pays homage to the dog that inspired the meme. DOGE, with an $8.3 billion market cap and $167.23 million trading volume, is currently trading at $0.05886. The XTZ price has fallen under a descending resistance trendline since February. The decrease led to a low of $0.62 on August 17. P2P Crypto Exchanges in CanadaWeb3 Foundation was established in Switzerland by the co-founder and former chief technology officer of Ethereum, Dr. Gavin Wood, where it has continued to nurture applications for decentralized web software protocols. The concept of DAO is interesting to most. It has the potential to forever change how organizations and companies operate. Although DAOs may not be a fit for each business, they have multiple features that can make processes in a company more efficient. The Ethereum development project has been improving rapidly, and its future looks promising.

Even though the price trades in a bullish pattern, the weekly RSI is bearish. When evaluating market conditions, traders use the RSI as a momentum indicator to determine if a market is overbought or oversold and to decide whether to accumulate or sell an asset. source: PixabayInvestigations based on Israeli government seizure orders and blockchain analytics have indicated that Hamas, along with other militant groups such as Palestinian Islamic Jihad (PIJ) and Hezbollah, received millions of dollars in crypto funding in the lead-up to the attack on Israel.According to a report from The Wall Street Journal, crypto wallets linked to PIJ received as much as $93 million in cryptocurrency between August 2021 and June 2023, as revealed through analysis by crypto researcher Elliptic. In a similar timeframe, wallets associated with Hamas received approximately $41 million in cryptocurrency, as reported by BitOK.The recent attack by Hamas on Israel has raised some serious questions over Israeli intelligence agencies and cyber capabilities as they failed to intercept a major attack on the country. Hamas Raised Millions in Crypto Despite Being SanctionedDespite being designated as foreign terrorist organizations and subject to sanctions, Hamas, PIJ, and Hezbollah have continued to raise donations and procure weaponry.However, it remains uncertain whether cryptocurrency directly financed the attack.Cryptocurrency transactions enable instant and anonymous transfers of tokens between digital wallets, making it difficult for authorities to trace and regulate.This tactic has been exploited by various terrorist organizations in the past, including Islamic State and al Qaeda.As reported earlier, the Israeli authorities have taken action to freeze cryptocurrency accounts used by Hamas for soliciting donations on social media platforms.However, the exact amount of cryptocurrency seized was not disclosed.Terror Financing Through Crypto Remains a Challenge for GovernmentsHamas has been actively seeking cryptocurrency funds since at least 2019, primarily using its Telegram channel to request bitcoin donations. Over time, the group has turned to payment processors to generate cryptocurrency addresses and obscure the true source of their funds, creating obstacles for investigators tracking transactions.While cryptocurrency is just one of the fundraising methods used by these militant groups, it poses unique challenges for authorities. Smuggling physical currency across borders can be risky and is more easily detectable, whereas cryptocurrency offers a discreet and efficient means of transferring funds.The U.S. Department of the Treasury issued a report in April highlighting that many decentralized finance (DeFi) services have failed to implement anti-money laundering and countering the financing of terrorism (AML/CFT) obligations. Some DeFi services are not subject to existing AML/CFT regulations, while some jurisdictions lack robust AML/CFT controls in the realm of DeFi. SBF's Legal Time Seeks to Cross Examine Caroline Ellison Over FTX's Anthropic Investment First Washington Carbon Allowance Futures Trades on Nodal ExchangeBy Shayan As per Goel, the fact that Layer-2s are taking the lead in terms of transaction throughput is not surprising. He told Decrypt that “the longer-term view has always been that L2 transactions will overtake Ethereum's,” adding, “it was clear during the bull market of 2020-21 that Ethereum mainnet's block space alone wasn't going to be enough.”

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