Gletser
Daily crypto news & market updates,,Focused on trading, blockchain & Web3,,Stay informed, trade smarter
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High-Frequency Trader
1.4 Years
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@everyone
**Bitcoin Falls Below US$90,000 Following Reports of US Attack on Venezuela**
The price of Bitcoin (BTC) suddenly weakened below US$90,000 on Saturday (03/01) afternoon after previously touching the US$91,000 level. The rise of BTC halted as reports of an explosion in Caracas, Venezuela, circulated, triggering negative market sentiment.
Several international media reports stated that the explosion was suspected to be related to a potential attack by the United States, although there has been no official confirmation.
US President Donald Trump had previously warned Venezuela several times about the possibility of a ground attack and was said to have deployed a naval fleet in the Caribbean region.
Following the circulation of reports by BBC and CNN, the price of Bitcoin immediately fluctuated and weakened by more than US$1,000 in less than an hour. The world's largest crypto asset is now around US$89,500
$BTC
**Bitcoin Falls Below US$90,000 Following Reports of US Attack on Venezuela**
The price of Bitcoin (BTC) suddenly weakened below US$90,000 on Saturday (03/01) afternoon after previously touching the US$91,000 level. The rise of BTC halted as reports of an explosion in Caracas, Venezuela, circulated, triggering negative market sentiment.
Several international media reports stated that the explosion was suspected to be related to a potential attack by the United States, although there has been no official confirmation.
US President Donald Trump had previously warned Venezuela several times about the possibility of a ground attack and was said to have deployed a naval fleet in the Caribbean region.
Following the circulation of reports by BBC and CNN, the price of Bitcoin immediately fluctuated and weakened by more than US$1,000 in less than an hour. The world's largest crypto asset is now around US$89,500
$BTC
See original
#2025withBinance Start your crypto story with @Binance Year in Review and share your highlights! #2025withBinance.
👉 Sign up using my link and get a 100 USD reward! https://www.bmwweb.biz/year-in-review/2025-with-binance?ref=967816139
👉 Sign up using my link and get a 100 USD reward! https://www.bmwweb.biz/year-in-review/2025-with-binance?ref=967816139
See original
I have a tool to find dollar coins, try this miner guys, every time you collect 2000 gems you can exchange it for $1
good luck finding dollar coins, here's the link to register
https://gamety.org/?ref=180523
#USGDPUpdate
good luck finding dollar coins, here's the link to register
https://gamety.org/?ref=180523
#USGDPUpdate
See original
The burden of interest on US public debt year over year post COVID-19
At the beginning of the COVID-19 pandemic in 2020, the accumulation of debt by US citizens was only $345 billion, just a year later. However, when global conditions began to change, especially regarding geopolitical tensions and when central banks started tightening fiscal policies through interest rate policy, public debt experienced an exponential surge to $970 billion today. And if this upward trend continues, a total increase in public debt of $2.2 trillion could occur over the next decade.
This would mark an increase of +127% from the $970 billion reported in fiscal year 2025.
This is happening because the government is projected to borrow around $2 trillion each year over the next decade, which will push interest payments even higher as debt increases.
As a result, at least about 50% of the money borrowed each year will be used solely to pay off this debt.
And for now, the US federal government debt alone has reached $37 trillion with the potential for new debt increases in the coming years up to a new upper limit around $41 trillion based on approvals from the US parliament.
At the beginning of the COVID-19 pandemic in 2020, the accumulation of debt by US citizens was only $345 billion, just a year later. However, when global conditions began to change, especially regarding geopolitical tensions and when central banks started tightening fiscal policies through interest rate policy, public debt experienced an exponential surge to $970 billion today. And if this upward trend continues, a total increase in public debt of $2.2 trillion could occur over the next decade.
This would mark an increase of +127% from the $970 billion reported in fiscal year 2025.
This is happening because the government is projected to borrow around $2 trillion each year over the next decade, which will push interest payments even higher as debt increases.
As a result, at least about 50% of the money borrowed each year will be used solely to pay off this debt.
And for now, the US federal government debt alone has reached $37 trillion with the potential for new debt increases in the coming years up to a new upper limit around $41 trillion based on approvals from the US parliament.
See original
@everyone
**If Bitcoin Returns to US$93 Thousand, Rp66 Trillion Short Position Will Be Liquidated**
According to the Bitcoin Exchange Liquidation Map, if Bitcoin (BTC) returns to the price of US$93,000, approximately US$4 billion or Rp66 trillion short positions will be liquidated.
The reason is that in this area, short sellers may decide to buy back Bitcoin, which often triggers further price increases. This then encourages the potential liquidation of traders who have taken long positions.
Thus, if the price drops to this area, they are forced to sell, which could accelerate the decline in Bitcoin's price.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
$BTC
**If Bitcoin Returns to US$93 Thousand, Rp66 Trillion Short Position Will Be Liquidated**
According to the Bitcoin Exchange Liquidation Map, if Bitcoin (BTC) returns to the price of US$93,000, approximately US$4 billion or Rp66 trillion short positions will be liquidated.
The reason is that in this area, short sellers may decide to buy back Bitcoin, which often triggers further price increases. This then encourages the potential liquidation of traders who have taken long positions.
Thus, if the price drops to this area, they are forced to sell, which could accelerate the decline in Bitcoin's price.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
$BTC
See original
@everyone
**Elon Musk's Wealth Breaks Record, Analyst: Will Reach US$1 Billion If He Buys Bitcoin***
Forbes data shows that Elon Musk has reached a peak wealth of over US$749 billion or more than Rp12.4 quadrillion. This occurred after SpaceX completed its IPO, which pushed the company's valuation to increase by over US$800 billion.
In addition to SpaceX, Musk has founded other companies, including Tesla, Neuralink, xAI, and acquired platform X in a deal worth US$44 billion in 2022. Musk's wealth also increased after winning a legal dispute related to Tesla stock holdings of about US$146 billion back in 2018.
Bitcoin analyst Joe Burnett revealed that Musk could reach US$1 trillion faster. Tesla indeed has a long-term compensation package that could potentially add to his wealth by another US$1 trillion, but the valuation target that needs to be achieved is still far.
He argues that Musk's fastest route to US$1 trillion is not through Tesla or IPO, but rather by buying Bitcoin and using it as collateral to fund businesses like SpaceX and artificial intelligence (AI) projects.
According to him, the scarcity of Bitcoin and its potential value increase could accelerate Musk's wealth growth compared to waiting for corporate incentives. However, this strategy remains highly risky as Bitcoin's volatility could trigger liquidation if its price falls.
$BTC
**Elon Musk's Wealth Breaks Record, Analyst: Will Reach US$1 Billion If He Buys Bitcoin***
Forbes data shows that Elon Musk has reached a peak wealth of over US$749 billion or more than Rp12.4 quadrillion. This occurred after SpaceX completed its IPO, which pushed the company's valuation to increase by over US$800 billion.
In addition to SpaceX, Musk has founded other companies, including Tesla, Neuralink, xAI, and acquired platform X in a deal worth US$44 billion in 2022. Musk's wealth also increased after winning a legal dispute related to Tesla stock holdings of about US$146 billion back in 2018.
Bitcoin analyst Joe Burnett revealed that Musk could reach US$1 trillion faster. Tesla indeed has a long-term compensation package that could potentially add to his wealth by another US$1 trillion, but the valuation target that needs to be achieved is still far.
He argues that Musk's fastest route to US$1 trillion is not through Tesla or IPO, but rather by buying Bitcoin and using it as collateral to fund businesses like SpaceX and artificial intelligence (AI) projects.
According to him, the scarcity of Bitcoin and its potential value increase could accelerate Musk's wealth growth compared to waiting for corporate incentives. However, this strategy remains highly risky as Bitcoin's volatility could trigger liquidation if its price falls.
$BTC
See original
@everyone
**Trader Optimism Interest Rates Cut, Making Ethereum Surpass Bitcoin's Rise**
Bitcoin suddenly soared to $94,000, followed by Ethereum (ETH) jumping 8.7% to $3,390 in just this overnight session, Tuesday (09/12).
This event occurred a day before The Federal Reserve (The Fed) holds a meeting to cut interest rates again, which will take place on Thursday (11/12) early morning.
It is noted that the CME Fedwatch tool recorded a probability of interest rate cuts reaching 89.6%. This means the market is confident that Fed Chairman Jerome Powell will announce this news.
As information, the impact of this event has also led altcoins to experience increases, such as Solana (SOL) now trading at $144 and Dogecoin (DOGE) $0.1520.
_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._
**Trader Optimism Interest Rates Cut, Making Ethereum Surpass Bitcoin's Rise**
Bitcoin suddenly soared to $94,000, followed by Ethereum (ETH) jumping 8.7% to $3,390 in just this overnight session, Tuesday (09/12).
This event occurred a day before The Federal Reserve (The Fed) holds a meeting to cut interest rates again, which will take place on Thursday (11/12) early morning.
It is noted that the CME Fedwatch tool recorded a probability of interest rate cuts reaching 89.6%. This means the market is confident that Fed Chairman Jerome Powell will announce this news.
As information, the impact of this event has also led altcoins to experience increases, such as Solana (SOL) now trading at $144 and Dogecoin (DOGE) $0.1520.
_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._
B
ETHUSDT
Perp
Closed
PNL
+7.33USDT
See original
@everyone
** Expert: Only Bitcoin Will Survive When Small Tokens Perish**
Investor Kevin O’Leary stated that most altcoins are no longer relevant. Meanwhile, Bitcoin, which has continued to dominate the market since its inception, will become more valuable over time.
"Most of these altcoins, which I call garbage coins, are done," he said via social media X.
He believes that the crypto market is undergoing massive consolidation due to two main factors: regulation and institutional capital.
According to him, this development is causing many altcoins to lose value and function, so only truly strong projects that comply with regulations and are backed by institutions will survive in the market.
"Big investors want compliance, stability, and global pricing, not speculative rat coins. This is the cleansing that the crypto market needs. Only Bitcoin and Ethereum will survive," he added. #CryptoAcademyNews
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
$BTC
** Expert: Only Bitcoin Will Survive When Small Tokens Perish**
Investor Kevin O’Leary stated that most altcoins are no longer relevant. Meanwhile, Bitcoin, which has continued to dominate the market since its inception, will become more valuable over time.
"Most of these altcoins, which I call garbage coins, are done," he said via social media X.
He believes that the crypto market is undergoing massive consolidation due to two main factors: regulation and institutional capital.
According to him, this development is causing many altcoins to lose value and function, so only truly strong projects that comply with regulations and are backed by institutions will survive in the market.
"Big investors want compliance, stability, and global pricing, not speculative rat coins. This is the cleansing that the crypto market needs. Only Bitcoin and Ethereum will survive," he added. #CryptoAcademyNews
Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).
$BTC
See original
currently the weekly chart has a bearish close and shows uncertainty..
if we look at the stochastic and bollinger bands right now they are in a very oversold position thus potentially achieving a recovery rally
however the current market outlook is heavily determined by the macro situation: rate cut, fed decision, and also other external elements
please be cautious with the market situation avoid leverage
if we look at the stochastic and bollinger bands right now they are in a very oversold position thus potentially achieving a recovery rally
however the current market outlook is heavily determined by the macro situation: rate cut, fed decision, and also other external elements
please be cautious with the market situation avoid leverage
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BUSDT
Perp
Closed
PNL
-0.27USDT
See original
Slowly I learn from mistakes that initially were just losses, now I can start winning 🔥🔥🔥🔥🔥
Next year I will win all my trades 🤝🔥
Next year I will win all my trades 🤝🔥
See original
$BTC SHORT, Short-term trade
Entry Area: 89.400-89.500 area
SL: Closing the 1h candle exceeds 89.900
TP 1: 88.200
TP 2: 87.200
Reason: 4h Hidden bearish divergence, Breakdown and retest 1h trendline support
At the end" this bitcoin is quite bad, the pumps and dumps are affecting the altcoins. Personally, I am still bullish until the end of the year with the recent market re-bound structure because the higher high and lower high for 4h and Daily are quite convincing, this trade attempts to take a contrarian opportunity before I possibly look for Long/Buy around 87K
Take this trade with wise risk.
Entry Area: 89.400-89.500 area
SL: Closing the 1h candle exceeds 89.900
TP 1: 88.200
TP 2: 87.200
Reason: 4h Hidden bearish divergence, Breakdown and retest 1h trendline support
At the end" this bitcoin is quite bad, the pumps and dumps are affecting the altcoins. Personally, I am still bullish until the end of the year with the recent market re-bound structure because the higher high and lower high for 4h and Daily are quite convincing, this trade attempts to take a contrarian opportunity before I possibly look for Long/Buy around 87K
Take this trade with wise risk.
S
BTCUSDT
Perp
Closed
PNL
+0.56USDT
See original
@everyone
**4 Days Left Until Powell is Ready to Act, Market Confident Interest Rates Will Fall**
Polymarket shows that market participants believe there is a 94% chance that The Federal Reserve (The Fed) will cut interest rates to 3.50%-3.75%. It is known that the Fed meeting at the Federal Open Market Committee (FOMC) will be held on Wednesday (10/11) local time.
This indicates that easing of interest rate policy will occur again, previously The Fed set rates at 3.75%-4.0%.
It is important to note that news of an interest rate cut is closely related to the crypto market. This is because circulating money will shift to the crypto market, increasing its liquidity.
As information, President of the United States (US) Donald Trump claims he has secured the name of the candidate who will become the new Chair of The Federal Reserve (The Fed), replacing Jerome Powell, who is targeted before Christmas.
$BTC
$ETH
**4 Days Left Until Powell is Ready to Act, Market Confident Interest Rates Will Fall**
Polymarket shows that market participants believe there is a 94% chance that The Federal Reserve (The Fed) will cut interest rates to 3.50%-3.75%. It is known that the Fed meeting at the Federal Open Market Committee (FOMC) will be held on Wednesday (10/11) local time.
This indicates that easing of interest rate policy will occur again, previously The Fed set rates at 3.75%-4.0%.
It is important to note that news of an interest rate cut is closely related to the crypto market. This is because circulating money will shift to the crypto market, increasing its liquidity.
As information, President of the United States (US) Donald Trump claims he has secured the name of the candidate who will become the new Chair of The Federal Reserve (The Fed), replacing Jerome Powell, who is targeted before Christmas.
$BTC
$ETH
See original
@everyone
**Bitcoin Crashes-Retail Panic, BlackRock CEO: Countries Are Actually Accumulating**
BlackRock CEO Larry Fink revealed that sovereign wealth funds from various countries are quietly accumulating Bitcoin (BTC) as its price plunged below US$90,000.
Moreover, these major institutional investors from those countries are consistently accumulating Bitcoin. Furthermore, Larry claimed that many are purchasing the largest crypto asset at a price of US$80,000.
"I can say there are a number of sovereign funds, they are gradually adding at prices of US$120,000, US$100,000, I know they are buying more in the US$80 range," he said at The New York Times DealBook Summit.
This indicates that countries have made Bitcoin a long-term investment asset, even more broadly.
As a note, the United Arab Emirates and Luxembourg, through their respective sovereign wealth institutions, have disclosed that they have invested in a Bitcoin spot exchange-traded fund (ETF).
**Bitcoin Crashes-Retail Panic, BlackRock CEO: Countries Are Actually Accumulating**
BlackRock CEO Larry Fink revealed that sovereign wealth funds from various countries are quietly accumulating Bitcoin (BTC) as its price plunged below US$90,000.
Moreover, these major institutional investors from those countries are consistently accumulating Bitcoin. Furthermore, Larry claimed that many are purchasing the largest crypto asset at a price of US$80,000.
"I can say there are a number of sovereign funds, they are gradually adding at prices of US$120,000, US$100,000, I know they are buying more in the US$80 range," he said at The New York Times DealBook Summit.
This indicates that countries have made Bitcoin a long-term investment asset, even more broadly.
As a note, the United Arab Emirates and Luxembourg, through their respective sovereign wealth institutions, have disclosed that they have invested in a Bitcoin spot exchange-traded fund (ETF).
B
BTCUSDT
Perp
Closed
PNL
+1.37USDT
BTC vs GOLD
@everyone
**Peter Schiff Struggles to Prove Gold Authenticity, CZ: Bitcoin is Easier**
Binance founder Changpeng Zhao (CZ) challenged Bitcoin critic Peter Schiff on Thursday (04/12). During a debate session, CZ presented a one-kilogram gold bar to Schiff and asked him to verify whether the gold was real or fake.
Unfortunately, Schiff could not immediately detect the authenticity of the gold; he was frozen, which led to doubts that directly undermined his opinion on Bitcoin being considered 'non-existent'.
In fact, Schiff's inability to verify the gold has proven that gold transactions are still difficult to conduct, while Bitcoin is clear, quick, and can be verified, even though it has no physical form.
“Schiff is very close. He understands all the issues of the current financial system, but only sees Bitcoin as a speculative asset. He has not used Bitcoin long enough. However, he remains an honorable man,” CZ wrote on his X page.
Not stopping there, Schiff confidently stated that Bitcoin's value is not like gold, which has a clear, established, and universally accepted track record. However, CZ said that Bitcoin has shaped the payment methods of the financial system of the future.
Concluding the debate, CZ outlined that over the past five years, Bitcoin has risen by 377%, while gold has only increased by 127% in the same period. Bitcoin remains a stronger player throughout the cycles, and that historical strength is part of why he believes in Bitcoin.
$BTC
{spot}(BTCUSDT)
$PAXG
{spot}(PAXGUSDT)
**Peter Schiff Struggles to Prove Gold Authenticity, CZ: Bitcoin is Easier**
Binance founder Changpeng Zhao (CZ) challenged Bitcoin critic Peter Schiff on Thursday (04/12). During a debate session, CZ presented a one-kilogram gold bar to Schiff and asked him to verify whether the gold was real or fake.
Unfortunately, Schiff could not immediately detect the authenticity of the gold; he was frozen, which led to doubts that directly undermined his opinion on Bitcoin being considered 'non-existent'.
In fact, Schiff's inability to verify the gold has proven that gold transactions are still difficult to conduct, while Bitcoin is clear, quick, and can be verified, even though it has no physical form.
“Schiff is very close. He understands all the issues of the current financial system, but only sees Bitcoin as a speculative asset. He has not used Bitcoin long enough. However, he remains an honorable man,” CZ wrote on his X page.
Not stopping there, Schiff confidently stated that Bitcoin's value is not like gold, which has a clear, established, and universally accepted track record. However, CZ said that Bitcoin has shaped the payment methods of the financial system of the future.
Concluding the debate, CZ outlined that over the past five years, Bitcoin has risen by 377%, while gold has only increased by 127% in the same period. Bitcoin remains a stronger player throughout the cycles, and that historical strength is part of why he believes in Bitcoin.
$BTC
{spot}(BTCUSDT)
$PAXG
{spot}(PAXGUSDT)
BTC vs GOLD
@everyone
**Peter Schiff Struggles to Prove Gold Authenticity, CZ: Bitcoin is Easier**
Binance founder Changpeng Zhao (CZ) challenged Bitcoin critic Peter Schiff on Thursday (04/12). During a debate session, CZ presented a one-kilogram gold bar to Schiff and asked him to verify whether the gold was real or fake.
Unfortunately, Schiff could not immediately detect the authenticity of the gold; he was frozen, which led to doubts that directly undermined his opinion on Bitcoin being considered 'non-existent'.
In fact, Schiff's inability to verify the gold has proven that gold transactions are still difficult to conduct, while Bitcoin is clear, quick, and can be verified, even though it has no physical form.
“Schiff is very close. He understands all the issues of the current financial system, but only sees Bitcoin as a speculative asset. He has not used Bitcoin long enough. However, he remains an honorable man,” CZ wrote on his X page.
Not stopping there, Schiff confidently stated that Bitcoin's value is not like gold, which has a clear, established, and universally accepted track record. However, CZ said that Bitcoin has shaped the payment methods of the financial system of the future.
Concluding the debate, CZ outlined that over the past five years, Bitcoin has risen by 377%, while gold has only increased by 127% in the same period. Bitcoin remains a stronger player throughout the cycles, and that historical strength is part of why he believes in Bitcoin.
$BTC
{spot}(BTCUSDT)
$PAXG
{spot}(PAXGUSDT)
**Peter Schiff Struggles to Prove Gold Authenticity, CZ: Bitcoin is Easier**
Binance founder Changpeng Zhao (CZ) challenged Bitcoin critic Peter Schiff on Thursday (04/12). During a debate session, CZ presented a one-kilogram gold bar to Schiff and asked him to verify whether the gold was real or fake.
Unfortunately, Schiff could not immediately detect the authenticity of the gold; he was frozen, which led to doubts that directly undermined his opinion on Bitcoin being considered 'non-existent'.
In fact, Schiff's inability to verify the gold has proven that gold transactions are still difficult to conduct, while Bitcoin is clear, quick, and can be verified, even though it has no physical form.
“Schiff is very close. He understands all the issues of the current financial system, but only sees Bitcoin as a speculative asset. He has not used Bitcoin long enough. However, he remains an honorable man,” CZ wrote on his X page.
Not stopping there, Schiff confidently stated that Bitcoin's value is not like gold, which has a clear, established, and universally accepted track record. However, CZ said that Bitcoin has shaped the payment methods of the financial system of the future.
Concluding the debate, CZ outlined that over the past five years, Bitcoin has risen by 377%, while gold has only increased by 127% in the same period. Bitcoin remains a stronger player throughout the cycles, and that historical strength is part of why he believes in Bitcoin.
$BTC
{spot}(BTCUSDT)
$PAXG
{spot}(PAXGUSDT)
See original
@everyone
**Peter Schiff Struggles to Prove Gold Authenticity, CZ: Bitcoin is Easier**
Binance founder Changpeng Zhao (CZ) challenged Bitcoin critic Peter Schiff on Thursday (04/12). During a debate session, CZ presented a one-kilogram gold bar to Schiff and asked him to verify whether the gold was real or fake.
Unfortunately, Schiff could not immediately detect the authenticity of the gold; he was frozen, which led to doubts that directly undermined his opinion on Bitcoin being considered 'non-existent'.
In fact, Schiff's inability to verify the gold has proven that gold transactions are still difficult to conduct, while Bitcoin is clear, quick, and can be verified, even though it has no physical form.
“Schiff is very close. He understands all the issues of the current financial system, but only sees Bitcoin as a speculative asset. He has not used Bitcoin long enough. However, he remains an honorable man,” CZ wrote on his X page.
Not stopping there, Schiff confidently stated that Bitcoin's value is not like gold, which has a clear, established, and universally accepted track record. However, CZ said that Bitcoin has shaped the payment methods of the financial system of the future.
Concluding the debate, CZ outlined that over the past five years, Bitcoin has risen by 377%, while gold has only increased by 127% in the same period. Bitcoin remains a stronger player throughout the cycles, and that historical strength is part of why he believes in Bitcoin.
$BTC
$PAXG
**Peter Schiff Struggles to Prove Gold Authenticity, CZ: Bitcoin is Easier**
Binance founder Changpeng Zhao (CZ) challenged Bitcoin critic Peter Schiff on Thursday (04/12). During a debate session, CZ presented a one-kilogram gold bar to Schiff and asked him to verify whether the gold was real or fake.
Unfortunately, Schiff could not immediately detect the authenticity of the gold; he was frozen, which led to doubts that directly undermined his opinion on Bitcoin being considered 'non-existent'.
In fact, Schiff's inability to verify the gold has proven that gold transactions are still difficult to conduct, while Bitcoin is clear, quick, and can be verified, even though it has no physical form.
“Schiff is very close. He understands all the issues of the current financial system, but only sees Bitcoin as a speculative asset. He has not used Bitcoin long enough. However, he remains an honorable man,” CZ wrote on his X page.
Not stopping there, Schiff confidently stated that Bitcoin's value is not like gold, which has a clear, established, and universally accepted track record. However, CZ said that Bitcoin has shaped the payment methods of the financial system of the future.
Concluding the debate, CZ outlined that over the past five years, Bitcoin has risen by 377%, while gold has only increased by 127% in the same period. Bitcoin remains a stronger player throughout the cycles, and that historical strength is part of why he believes in Bitcoin.
$BTC
$PAXG
See original
@everyone
**Investors Fleeing from Bitcoin, Instead Switching to XRP**
Analysts and crypto journalist Jungle Inc Crypto News revealed that Wall Street investors prefer the XRP exchange-traded fund (ETF) over its predecessor, the Bitcoin (BTC) ETF.
According to them, while the market is sluggish due to the prolonged decline of Bitcoin, Wall Street is quietly shifting its capital to XRP. The exact reasons are unknown, but data indicates this trend.
"Wall Street is quietly switching to the XRP ETF while other markets are asleep," they wrote, citing their X account.
Since November 10, when the Bitcoin ETF experienced an outflow of US$2.2 billion, XRP has received fresh funds totaling US$874 million with almost no outflows, according to SoSoValue.
Not only that, the XRP ETF has surpassed the inflow of the Solana (SOL) ETF, which totaled US$235 million. This is despite the fact that this ETF was launched before XRP's.
This indicates that investor activity is starting to shift towards seeking alternative crypto ETFs that are considered to have potential. However, this event has not yet been able to drive the price movement of XRP itself.
Furthermore, if this continues, XRP will enter a competitive circle, where it will compete with banking, securities, investment managers, and pension funds.
_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._
**Investors Fleeing from Bitcoin, Instead Switching to XRP**
Analysts and crypto journalist Jungle Inc Crypto News revealed that Wall Street investors prefer the XRP exchange-traded fund (ETF) over its predecessor, the Bitcoin (BTC) ETF.
According to them, while the market is sluggish due to the prolonged decline of Bitcoin, Wall Street is quietly shifting its capital to XRP. The exact reasons are unknown, but data indicates this trend.
"Wall Street is quietly switching to the XRP ETF while other markets are asleep," they wrote, citing their X account.
Since November 10, when the Bitcoin ETF experienced an outflow of US$2.2 billion, XRP has received fresh funds totaling US$874 million with almost no outflows, according to SoSoValue.
Not only that, the XRP ETF has surpassed the inflow of the Solana (SOL) ETF, which totaled US$235 million. This is despite the fact that this ETF was launched before XRP's.
This indicates that investor activity is starting to shift towards seeking alternative crypto ETFs that are considered to have potential. However, this event has not yet been able to drive the price movement of XRP itself.
Furthermore, if this continues, XRP will enter a competitive circle, where it will compete with banking, securities, investment managers, and pension funds.
_Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR)._
S
TRXUSDT
Perp
Closed
PNL
-0.20USDT
See original
@everyone
**Michael Burry Sounds Alarm If Bitcoin Reaches Six-Digit Level**
Michael Burry, an investor known for predicting the 2008 crisis, stated that Bitcoin has no value, especially if its price reaches US$100,000. Burry compared Bitcoin to the tulip bubble of the 1600s, where the pattern is almost the same and quite risky.
For your information, the tulip mania bubble was a socio-economic phenomenon in the Netherlands, where this flower was valued as a high-value asset, but it deviated from its intrinsic value.
Burry mentioned that normalizing Bitcoin prices at six digits could backfire as it does not consider its fundamental value. This statement sparked a debate, dividing expert predictions about the future price of Bitcoin.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
**Michael Burry Sounds Alarm If Bitcoin Reaches Six-Digit Level**
Michael Burry, an investor known for predicting the 2008 crisis, stated that Bitcoin has no value, especially if its price reaches US$100,000. Burry compared Bitcoin to the tulip bubble of the 1600s, where the pattern is almost the same and quite risky.
For your information, the tulip mania bubble was a socio-economic phenomenon in the Netherlands, where this flower was valued as a high-value asset, but it deviated from its intrinsic value.
Burry mentioned that normalizing Bitcoin prices at six digits could backfire as it does not consider its fundamental value. This statement sparked a debate, dividing expert predictions about the future price of Bitcoin.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
S
WLFIUSDT
Perp
Closed
PNL
+0.08USDT
See original
@everyone
** Buying Bitcoin Every Day, The Man with the Highest IQ: The Bull Market Has Just Begun**
The man with the highest Intelligence Quotient (IQ) in the world, Kim YoungHoon, states that the Bitcoin rebound has just begun. Observing the market starting to recover, Kim reveals that he buys Bitcoin every day.
"I buy Bitcoin every day," said Kim, in a post on his personal X social media, Wednesday (03/12).
Furthermore, he also mentioned that this week there will be a massive bull market. This view was expressed after Binance Founder Changpeng Zhao (CZ) stated that there will be more all-time highs for Bitcoin in the future.
$BTC
** Buying Bitcoin Every Day, The Man with the Highest IQ: The Bull Market Has Just Begun**
The man with the highest Intelligence Quotient (IQ) in the world, Kim YoungHoon, states that the Bitcoin rebound has just begun. Observing the market starting to recover, Kim reveals that he buys Bitcoin every day.
"I buy Bitcoin every day," said Kim, in a post on his personal X social media, Wednesday (03/12).
Furthermore, he also mentioned that this week there will be a massive bull market. This view was expressed after Binance Founder Changpeng Zhao (CZ) stated that there will be more all-time highs for Bitcoin in the future.
$BTC
See original
@everyone
** Famous Conservative, Vanguard Adopts ETF and Drives Bitcoin Rebound to US$93,000**
Bitcoin rebounded 7% and hit US$93,000 today, Wednesday (03/12) after Vanguard lifted its ban on Bitcoin exchange-traded funds (ETFs), right at the opening of the United States stock market.
Senior ETF Analyst at Bloomberg, Eric Balchunas, noted that this is a market reaction to the opening of new doors in the crypto industry.
“I can tell you that I do not expect Vanguard to hold Bitcoin by 2025,” he said.
Many conservative Vanguard investors can suddenly invest in Bitcoin ETFs like iShares Bitcoin Trust (IBIT). Trading volume recorded an increase of US$1 billion in just 30 minutes.
Previously, the investment company was considered cautious towards such nascent assets.
This shows that even “traditional/conservative” investors are beginning to make room for Bitcoin, which signals that crypto is increasingly being “recognized” in mainstream portfolios.
$BTC
** Famous Conservative, Vanguard Adopts ETF and Drives Bitcoin Rebound to US$93,000**
Bitcoin rebounded 7% and hit US$93,000 today, Wednesday (03/12) after Vanguard lifted its ban on Bitcoin exchange-traded funds (ETFs), right at the opening of the United States stock market.
Senior ETF Analyst at Bloomberg, Eric Balchunas, noted that this is a market reaction to the opening of new doors in the crypto industry.
“I can tell you that I do not expect Vanguard to hold Bitcoin by 2025,” he said.
Many conservative Vanguard investors can suddenly invest in Bitcoin ETFs like iShares Bitcoin Trust (IBIT). Trading volume recorded an increase of US$1 billion in just 30 minutes.
Previously, the investment company was considered cautious towards such nascent assets.
This shows that even “traditional/conservative” investors are beginning to make room for Bitcoin, which signals that crypto is increasingly being “recognized” in mainstream portfolios.
$BTC
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