When should I sell Bitcoin? - cyptoranking.com

2024-04-26

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For instance, when UST’s supply was too small and its demand would spike, its price would go above $1. For UST to regain its peg, the Terra network would let users trade USD$1 of LUNA for 1 UST using the Terra station. The trade would burn USD$1 of LUNA and mint 1 UST, which traders could sell for USD$1.01 — pocketing a profit of 1 cent. In large quantities, of course, the profits earned by users were more. Until UST would reclaim its peg, users could mint as much UST as needed from burned LUNA. In simple terms, the UST price came down as the supply increased. Community of Satlantis backed their platform and shared their disappointment in Mojang (and indirectly Microsoft) through social media platforms: When should I sell Bitcoin?Initial Coin Offerings are one of the various by products of the cryptocurrency universe. It is a way to fundraise capital for a particular project by selling blockchain-based digital assets. This coincides with the departure of several executives from crypto exchange Binance’s United States division, Binance.US.

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Founded in 2012, Improbable raised $704 million in seven rounds. An Increase in pool centralization. One could argue that currently, the most centralized aspect of mining is mining pools. While there are numerous options available, a mere two mining pools hold substantial control over the majority of the network. It’s important to highlight that the cost and time associated with switching mining pools are relatively low. Consequently, the idea that a mining pool could gain control is a risk that can be addressed in less than ten minutes. In fact, advanced miners typically maintain backup pools not only to facilitate swift transitions when necessary but also to address operational downtime or outages of the third-party pool. Billionaire Elon Musk thinks Coinbase should begin to trade dogecoinChainlink (LINK) holders are back in the accumulation phase as the price of the altcoin drops. Onchain analysts observed that over the last few hours, six token holders accumulated a total of 327,751 LINK from Binance, equivalent to $2.4 million. In this article, let’s visit the twenty most popular cryptocurrency slangs that are widely used by crypto traders and investors.

Grayscale Investments wants to morph its Ethereum Trust into an ETF, a move that parallels a proliferation of ETH-related fund applications. At press time, similar to ETH, the daily MACD line was looking to cross below the daily MACD Signal line. Should these two technical indicators cross in the next few days, it could suggest that ETC’s value may decline in the coming week. ConsenSys Teams with PayPal for A New Way To Buy ...In contrast to the positive trends seen among other Bitcoin miners, Bit Digital reported a 7% decline in Bitcoin production for September, mining 130.2 BTC. The decline was attributed to approximately 600 petahashes per second of miners going offline due to a power utility-mandated maintenance outage on September 26. There’s also a shop on the Pudgy Penguins website.

Long-Term Commitment: Some cloud mining contracts contain long term commitments that tie users into mining commitments that may not be profitable if bitcoin prices fall. The United States economy seems like it is refusing to be derailed. It added a staggering 336,000 jobs in September, defying most expectations. This achievement becomes all the more remarkable against the backdrop of soaring yields on longer-term Treasury bonds and surging mortgage rates.The message embedded in the job data is crystal clear: the world’s largest economy continues to charge forward, even in the face of aggressive monetary tightening. It’s a testament to the economy’s resilience, and suggests that higher interests are here to stay for an extended period. While this news could send shivers down some spines, particularly for those invested in stocks, it’s crucial to understand the bigger picture. Stocks may appear less enticing when you can secure a 6% return with a savings account, yet we may be reaching an inflection point with bonds. It has to get worse before it gets betterThe bond market has witnessed a historic rout, described by Bank of America Global Research as the “greatest bond bear market of all time.” But the analysis isn’t all doom and gloom — there are hints that the relentless sell off in U.S. Treasuries could come to an end. And if we do indeed see a recovery, it could signal the start of a new bull market for risk assets.Related: Bitcoin ETFs: A $600B tipping point for cryptoTurning to crypto, it’s crucial to recognize that short-term Bitcoin (BTC) price action remains somewhat linked to regulatory decisions, particularly those pertaining to a Bitcoin spot ETF. So far, all of the positive news surrounding spot ETFs has failed to move Bitcoin out of its holding pattern. A green light on this front could unleash substantial inflows into BTC, providing the much-awaited impetus for a resurgence. It would also be remiss not to mention the ongoing FTX saga, which is currently playing out in the courts and damaging crypto’s reputation.United States Federal Funds Effective Rate, 1955-2023. Source: Board of Governors of the Federal Reserve System.But here’s the twist — what may spell bad news for financial markets could be good for the broader economy. The Federal Reserve holds a pivotal role in shaping the path for risk assets, and it has just two more meetings before the end of the year. Should the Fed decide to suspend further rate hikes, it could act as a catalyst, triggering market anticipation of an impending rate cut. This anticipation could, in turn, set the stage for a massive risk-on rally across various asset classes, including cryptocurrencies.Festive revelry could set the tone for 2024The last three months of the year often introduce a heightened Santa rally. After the year we’ve had, it might soften the blow and pave the way for a more palatable 2024. History shows that the market tends to gather momentum during this festive season, with a surge in buying activity and positive sentiment among investors. Among these factors, regulatory decisions regarding spot ETFs and any potential pause in rate hikes, or even a shift in the Fed’s messaging concerning future hikes will be watched closely. So while the cheer from September’s jobs data tends to drive immediate headline moves in the market, it doesn’t necessarily steer the long-term thinking of the Fed.Related: Sky-high interest rates are exactly what the crypto market needsLooking ahead into 2024, we are faced with the prospect of a BTC “halvening” in April, historically a positive event for crypto. However, the broader macroeconomic conditions have signalled some signs of instability. Bitcoin’s ongoing correlation with stock markets adds an extra layer of complexity to the equation. The outcome hinges on the messaging from the Fed — and decisions made by the Securities and Exchange Commission (SEC) regarding spot ETFs. If the macroeconomic backdrop remains uncertain, the Fed may pivot toward rate cuts, potentially altering the trajectory of both traditional and digital asset markets. With hints of a bond market recovery and the prospect of regulatory clarity in the crypto space, we could see brighter days ahead. As we approach the festive season, the potential for a Santa rally rekindles the type of hope and momentum that ignites the crypto market. While some challenges may loom, history teaches us that sometimes, it gets worse before it gets better.Lucas Kiely is chief investment officer of Yield App, where he oversees investment portfolio allocations and leads the expansion of a diversified investment product range. He was previously the chief investment officer at Diginex Asset Management, and a senior trader and managing director at Credit Suisse in Hong Kong, where he managed QIS and Structured Derivatives trading. He was also the head of exotic derivatives at UBS in Australia.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. Custodial vs. Non-Custodial Crypto Exchanges: What You Need to KnowAmid the ongoing downtrend in XRP price and transactional activity, a resilient group of crypto whales has been spotted buying millions of coins. Further impacting MATIC’s performance was a decline in the number of active addresses using Polygon network’s decentralized applications.

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