99 Bitcoins

🇺🇸 Bitcoin usually rises in value after the U.S. presidential election, based on the history of previous cycles. The election will be held on November 5, 2024, tu ze mun is not far off? 🪙 99Bitcoins

What’s DeFi? “DeFi” is an abbreviation for “decentralized finance.” In short, it’s financial instruments and services in the form of apps based on blockchains. What makes DeFi so attractive is that it’s an alternative to the legacy banking system. DeFi offers apps, services, investment instruments, and even money (crypto) that can either replace or complement traditional finance. So, when we talk about DeFi, we’re referring to the world of finance on the blockchain. 🪙 99Bitcoins

🟠BlackRock is preparing for a possible debt crisis in the US. The company believesthat against the backdrop of the crisis, BTC will attract even more institutional interest.

Bitcoin is a unique tool for diversification

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JUST IN: 🌎 Global M2 hit an all-time high Historically, 🥇 #Bitcoin price follows 🚀 🪙 99Bitcoins

What’s the difference between technical analysis and analyzing fundamentals? Let’s get a basic understanding of these two before anyone gets rekt trying to figure them out on their own. Technical analysis is the study of graphs and charts. Traders look at them to spot tendencies and predict price movements for a given coin. A major component of technical analysis is the belief that a coin’s history could indicate its future movements. Someone wise once said, “Without the past, there is no future.”🙂 Analyzing the fundamentals, however, entail an entirely different approach to determining the strength of a project. Analysts and crypto enthusiasts who practice DYOR comb through a project’s technology, the coin’s use cases, competitors on the market, the project’s white paper, the tokenomics, and other characteristics that could be indicators of future success (or failure). The goal here is to analyze all of these aspects to see whether the project is undervalued or overvalued. Usually, traders conduct technical analysis, and long-term investors analyze the fundamentals. Moreover, combining the two approaches could help reduce risk when investing. 🪙 99Bitcoins

Kevin Bowers, Team Lead for Solana's high-performance validator team, Firedancer, announced from the Solana Breakpoint 2024 stage that Frankendancer is now live on the mainnet and Firedancer is now live on the testnet. *Firedancer is a new Solana validator client that is expected to significantly increase network throughput. *Frankendancer - part of the Solana optimization initiative related to Firedancer. The main goal of Frankendancer is to stress test the network under extreme conditions to identify weaknesses and potential bottlenecks in its architecture. 🪙 99Bitcoins

Hackers hacked into the YouTube channel of the Supreme Court of India and renamed it Ripple. Soon the attackers launched a broadcast with Ripple CEO Brad Garlinghouse's dipfake, in which he urges to invest in the scam token on the pretext of high profits. 🪙 99Bitcoins

Crypto speak: KYC Short for “Know Your Customer,” KYC is a verification process businesses conduct to identify their customers and clients. Most CEXs require users to complete KYC verification to identify the user and comply with regional laws, which also makes the platforms safer. The process only takes a few minutes, with the CEX requesting a photo ID and a selfie. Meanwhile, one of the biggest advantages of DEXs is the lack of KYC requirements. 🪙 99Bitcoins

🥇 BlackRock position the Bitcoin ETF as a “unique diversifier” that can hedge against fiscal, monetary and geopolitical risks. 🪙 99Bitcoins

💬Main talking points from the speech by Fed Chairman Jerome Powell - the overall economy is strong; - inflation is down significantly but still above the 2% target; - our decision today reflects growing confidence that stability in the labor market can be maintained; - our approach is showing effectiveness; - the risks of higher inflation have diminished and the risks of weakening in the labor market have increased; - we will adjust policy if necessary; - if the economy remains stable and inflation remains strong, the Fed will ease the dcp more slowly; - the Fed may cut rates faster or slower, or pause if appropriate; 🪙 99Bitcoins

What are cross-chain bridges? A cross-chain bridge is a protocol or program that connects blockchains to allow them to transfer coins and tokens to and from various networks. Let’s use Ethereum and BNB Smart Chain for our example. Generally, crypto on Ethereum remains only on the network, and the same rule applies to coins on BNB Smart Chain — i.e., sending cryptocurrencies from one network to another goes against blockchain architecture. However, developers have created a workaround with cross-chain bridges, which allow users to send tokens on Ethereum to BNB Smart Chain and vice versa. Cryptocurrencies sent from one network to another are labeled “wrapped” tokens, but their values are unchanged. Why do we need this service? Bridges have many advantages (as well as technical ones, but we won’t get into that). Cross-chain bridges allow users to exploit a blockchain’s attractive features while avoiding its shortcomings. For example, ETH is a popular cryptocurrency; however, the gas fees on Ethereum are prohibitively high, and transactions take too long to be confirmed. A bridge, however, can help you transfer ETH from Ethereum to BNB Smart Chain and trade on the PancakeSwap DEX since it has significantly lower transaction fees and near-instant processing speeds. See—that’s why we need cross-chain bridges: They make our lives easier. 🪙 99Bitcoins

📊 It's been 152 days since the last Bitcoin halving. ❗️The last bull market cycle started 160 days after the halving. 🪙 99Bitcoins

INSIGHTS 💰 Bitcoin exchange reserves drop to 2018 levels 🪙 99Bitcoins

Your crypto footprint Blockchains are attempting a digital revolution by making transparent transactions and anonymity possible. It’s important to note that when you use crypto, you inevitably leave a digital trail. Therefore, we’ve written an article covering this and other important topics, such as: — The tension between transparency and privacy — How crypto anonymity intersects with your real-world identity — How blockchain analytics is big business 🪙 99Bitcoins

⚡️ LATEST: TON Foundation and Curve Finance team up to launch a new $TON-based stable swap project. Curve’s CFMM tech will enhance stablecoin swaps, aiming for smoother trades and less price impact. 🪙 99Bitcoins

Ethereum Faces Struggles: Short-Term Outlook Remains Weak 📉 Ethereum is having a hard time bouncing back, with its price stuck below $2,350. Key resistance at $2,360, along with bearish RSI and MACD indicators, suggests continued weakness in the short term. 🔑 Key Points: ▪️Ethereum failed to break resistance at $2,450 and dropped below $2,350. ▪️Technical indicators show bearish trends, with RSI below 50 and MACD losing momentum. ▪️Large Ethereum holders (whales) are selling off, adding downward pressure. Market sentiment has also weakened, and analysts warn that unless Ethereum can break through key resistance, it may face further declines, with potential drops to $2,250 or even $2,150. 🤷 🪙 99Bitcoins

What’s DeFi? “DeFi” is an abbreviation for “decentralized finance.” In short, it’s financial instruments and services in the form of apps based on blockchains. What makes DeFi so attractive is that it’s an alternative to the legacy banking system. DeFi offers apps, services, investment instruments, and even money (crypto) that can either replace or complement traditional finance. So, when we talk about DeFi, we’re referring to the world of finance on the blockchain. 🪙 99Bitcoins

The number of addresses transferring BTC to exchanges has fallen to 132,100, the lowest level since 2016. 📉 This could signal a reduction in selling pressure. 🧐 🪙 99Bitcoins

⚡️ JUST IN: Hedera Joins Forces with Linux Foundation for Decentralized Trust Initiative Hedera has officially become a founding member of the Linux Foundation's new Decentralized Trust Initiative. In a major move, Hedera will contribute its entire source code to help accelerate the development of decentralized technologies. 🪙 99Bitcoins

Crypto speak: Whales “Whales” are people who hold vast amounts of crypto. They’re investors who own so much crypto that they can manipulate the markets by buying or selling. However, the requirements to become a whale have loosened over the years, with more whales sprouting up amid crypto’s proliferation. 🪙 99Bitcoins