The Best Ways To Make Money in a Struggling Crypto Market - cyptoranking.com
2024-05-13
Will the Bitcoin halving have any meaningful impact on XRP price? Both of these charts, Microsoft and the S&P500, really demonstrate the magnitude of a correction after a prolonged bull-market. It’s challenging to imagine from one's perspective a prolonged bear market of an asset you’ve experienced mostly going up. Is it possible that we’re going to see, in rough terms, something similar with Bitcoin? The Best Ways To Make Money in a Struggling Crypto MarketOne of the best indicators a Bitcoin trader can use are the Bitcoin funding rates. The funding rates are showing basically whether the majority of the market participants on derivative markets are shorting or longing for Bitcoin. I’ve found this indicator very useful to spot a top in the Bitcoin price as in a healthy bull market when the funding rates are negative, the price tends to trend up. In a bear market, when the funding is positive, the price tends to decline. So we can use this metric to spot which market conditions the market is trading in and if anything has changed. One of the first signals when Bitcoin entered a bear market in 2022 was that the price of Bitcoin was declining with negative funding rates, and that does generally not happen in a healthy bull market. "In aggregate, Ethereum ETPs only attracted a meager plus $0.9 million in net inflows last week despite the debut of these new ETFs. In comparison, net inflows into Bitcoin ETPs amounted to plus $85.4 million last week," Dragosch added.
Both NFT Ethics and blockchain analytics account Lookonchain alleged that 0xSisyphus, and thus Pawlak, played a key role in hyping the AnubisDAO project to investors shortly before the project transferred the freshly raised funds to a series of external wallets.The thread by NFT Ethics attempted to explain that Pawlak’s alleged role in the AnubisDAO rug pull was premeditated with other developers and laundered the proceeds through the memecoin Pepe (PEPE).However, an OpenSea spokesperson told Cointelegraph that it was unaware of Pawlak’s involvement in any such activities but also noted that Palwak had a “limited scope” while working there.“Kevin is a former employee who left the company in June 2023. He had a limited scope while at OpenSea — where he worked in a non-management position. We have no awareness of his involvement with the projects in question.”“Furthermore, we have no connection to, or information about, the projects in question, as they took place before his time at OpenSea,” said the company representative. In October 2021, AnubisDAO raised 13,556 Ether (ETH) — worth $60 million at the time — from crypto investors. However, some 20 hours later, the funds were sent to several different wallet addresses, resulting in an instant loss for the investors.Blockchain sleuth ZachXBT also appeared to throw cold water on the accusations, saying the thread was “one of the most mid-curve” things he’d read.He added that much of the thread seemed to base many assumptions about 0xSisyphus’ role in the alleged rug pull using “unrelated events without facts.”That thread is one of the most midcurve things I have read. They make many assumptions off unrelated events without facts. FixedFloat does tons in volume and same with the other exchanges mentioned. Here is the source address of the April 2023 FixedFloat insider PEPE buys I… https://t.co/0kG2M7DNVi— ZachXBT (@zachxbt) September 29, 2023 ETH fees are recording the lowest levels seen in 2023, with traders growing impatient over price. Sen. Cruz Introduces Legislation to Prohibit the Fed From Establishing...Bankman-Fried’s attorneys argue that the prosecution has already established that FTX lawyers were present and involved in structuring and executing the loans and intend to carry out their own line of questioning over the scope of FTX counsel involvement. Crypto Analyst Expects Volatility in Shorter Term
It seems current that the Q3 correction, which took place in traditional markets and cryptocurrencies, may be coming to an end. If this happens and the U.S. dollar cools down, the coming months could continue the upward trend from earlier this year. Read more: Crypto Hedge Funds: What Are They and How Do They Work? Cryptocurrency Mining 2023The Court Room Strategy This strategic alliance not only enhances user privacy but also amplifies the utility of ROSE, facilitating swapping, staking, lending, and much more within the decentralized world of Web3.
Total US debt. Source: X/@Excellion Paul Tudor Jones, a veteran hedge fund manager, voiced his endorsement for Bitcoin in a recent interview. He reflected on the tumultuous geopolitical canvas of today. Additionally, Jones pointed out the delicate fiscal health of the US, deemed its weakest since the World War II epoch. What would it take for Nigeria to lift its ban on cryptocurrencies?Introduced by Casey Rodarmor in January, Ordinals enable the indexing and tracking of every satoshi (Bitcoin’s smallest unit) across the network. This process, called "inscription," allocates image or other data to individual satoshis. Interestingly, there is a pattern observed on Ethereum Foundation's sales. It often liquidates Ethereum just before significant sell-offs occur. While it is speculative to draw conclusions, the timing of its sales in relation to market movements has not gone unnoticed by keen market observers.Ether-Bitcoin Ratio Drops to 15-Month Low as ETFs Fail to Uplift Sentiment
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