Where will crypto be in 5 years? - cyptoranking.com

2024-05-12

Popular crypto exchanges(2023 Update) 2024-05-12
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Spencer Ventures will receive 48 Pudgy Penguin NFTs, visible in the Sotheby’s wallet. One of them has the ultra-rare ice crown, and the best offer for that collectible on OpenSea is 6.6 wrapped ether, or nearly $10,500. Read more: Gucci premieres Milan Fashion Week in the metaverseParis Fashion Week AR Kiosks Turn Visitors Into Runway Models Where will crypto be in 5 years?Some regulated entities are able to authorize promotions on behalf of other crypto companies. For instance, Archax is supporting crypto exchanges Coinbase and OKX on their communications to people based in the UK. “Bitcoin’s bullish flag is still in play — but it is taking too long to play out,” fellow trader Jelle continued, zooming out to monthly performance. “October is generally the most bullish month of the year, thus I’m still expecting this one to break out upwards.”BTC/USD annotated chart. Source: Jelle/XWar returns to crypto observers’ radarWhen it comes to price triggers, however, the unfolding conflict in Israel has Bitcoin and crypto market participants anticipating the bulk of volatility is still to come.With the memory of Bitcoin’s reaction to the war in Ukraine in February 2022 still in the background, Jelle was cautious over what might happen to BTC/USD next.“All I do know is that the Ukraine war triggered an 8% down candle, that was erased within a day,” part of the day’s X commentary explained.Mike McGlone, senior macro strategist at Bloomberg Intelligence, meanwhile described Bitcoin as now showing a “risk-off tilt” among traders.“My bias is the downward sloping 100-week moving average is likely to win the battle vs. the up trending 50-week. Spiking #crudeoil is a liquidity pressure factor,” he wrote on Oct. 8.BTC/USD vs. Fed funds futures with 50, 100-week MA chart. Source: Mike McGlone/XAt the time, the 100-week and 50-week MAs were at $28,938 and $24,890, respectively.McGlone touched on an unfolding macro asset phenomenon, with gold up 1% on the day and Brent crude up 3.25% ahead of the Wall Street open.“Markets reacting quite defensively,” Skew added, noting renewed strength in the U.S. Dollar Index (DXY), which gained 0.4%.Last week, the DXY hit its highest levels since late 2022.DXY 1-hour chart. Source: TradingViewCPI leads “huge week for inflation”In the U.S., attention focuses on the week’s macroeconomic data prints, headlined by the September CPI report.After jobs data last week showed that employment levels remained resilient despite anti-inflation moves from the Fed, Bitcoin briefly recoiled over fears that officials would enact another interest rate hike, further pressuring liquidity.While BTC/USD rebounded, those fears remain.“A good CPI data on Thursday could provide a chance to break out from this range, whereas a hot CPI would push us back into the range lows with the premise that the FED might be forced to hike 25bsp,” part of weekend analysis from popular commentator CrypNuevo read.Fed target rate probabilities chart. Source: CME GroupAccording to data from CME Group’s FedWatch Tool, markets are increasingly betting on rates staying at current levels on decision day, set for Nov. 1.Beyond CPI, this week will see the Producer Price Index (PPI) release, along with more jobless claims and a total of 12 Fed speakers delivering commentary. The minutes of the Fed meeting around the previous rates decision will also be unveiled on Oct. 11.Key Events This Week:1. September PPI Inflation - Wednesday2. Fed Meeting Minutes - Wednesday3. September CPI Inflation - Thursday4. OPEC Monthly Report - Thursday5. Jobless Claims Data - Thursday6. Total of 12 Fed speaker eventsHuge week for inflation and the Fed.— The Kobeissi Letter (@KobeissiLetter) October 8, 2023

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“The bears took it negative on the sell-off from $29,000 to $26,000. However, they failed to take it lower, despite significant losses being taken by the market (the most bearish the market has been since FTX). CryptoMeister gives tips for choosing a trading platform for cryptocurrencies Binance Declared "Illegal" By Nigeria SEC, Ordered To Cease OperationsHence, to summarize, Polygon was built to provide developers and projects scaling solutions while taking advantage of the security and network effects features that exist in Ethereum. Ripple, on the other hand, has vehemently denied the SEC's charges. According to the business, XRP is not a security, but rather a digital currency akin to Bitcoin and Ethereum. Ripple claims that XRP has valid use cases, such as facilitating cross-border payments, and therefore it should not be classified as a security under US law.

Web3 Community Launches Crypto Aid Israel By Shayan What is Bitcoin derivatives?Since being added to the OFAC Specially Designated Nationals list, the once-popular Tornado Cash mixer has seen a decline in activity. As of June, it is processing just $6 million in deposits and withdrawals per day, according to a Dune Analytics dashboard. While there are still other privacy tools on Ethereum, such as Railgun, they simply lack the necessary liquidity to obfuscate the huge sums the attacker stole. “If all we’ve done with Dogecoin at the end of the day is grow awareness in a decentralized currency such as Bitcoin, then I think we’ve done a good job.” – Jackson Palmer, Co-Creator of Dogecoin

Products look to stand out OX currently has a $33.2 million market capitalization. 7 Best Crypto Exchanges in Canada-May 2023 (Free $20...Ellison took the stand Tuesday immediately following testimony from fellow insider Gary Wang, the quiet coder who last week told the court he wrote much of the programming that enabled FTX's fraud. Overall, while Australia offers a more certain regulatory environment compared to some other jurisdictions, the landscape is continually evolving. Companies must remain agile and engaged with regulators to navigate this dynamic space successfully.Crypto Firms at Risk of Shut Down as Venture Funding Plunges 63%

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