Category: Bitcoin

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Trending Altcoins to Buy Under $50 and Earn 10x Sooner

Trends determine the performance of altcoins as they can increase or decrease their performance. As of now, the cryptocurrency market is no longer in bullish behavior as the fear and greed index has moved to 51, which is about to turn bearish. The global market capitalization fell to $2.34 trillion and the trading volume fell to $56.78 billion, confirming the same.

Under these conditions, trending altcoins are the best profit options. In this sense, we will comment on some cryptocurrencies that usually have a tenfold return in this market.

Fabric (AR)

Arweave has seen gains of 180% since the beginning of the year, even after recently facing significant downward momentum. Despite the barriers, Arweave is on its best performing days in the last three years as it peaked primarily in November 2021, reaching an all-time high of $90.94. As of now, the price of AR is at $27.88 with a market capitalization of $1.8 billion and could rise again depending on its popularity.

Toncoin (TON)

Toncoin is among the most profitable altcoins this year as it has seen gains of 210% so far, taking its value to $8.24 earlier this month. Although the value has decreased, the possibility of it rising again is high due to its link with the popular social media platform Telegram. For now, Toncoin price is at $7.17 with a market cap of $17.6 billion, making it the 9th largest cryptocurrency on CoinmarketCap.

Pendle (PENDLE)

Pendle is now just 18% off the $7.52 ATH hit two months ago, despite the market crash at the time. It is among the least popular altcoins, but has still seen gains of 420% this year. Of them, 19% occurred this week and 4% today. With this, PENDLE is bullish for now and may continue to be bullish as its price has increased to $6.17 with a market capitalization of $955 million.

MAGA (TRUMP) 2942%

MAGA has peaked and is dominating the rest of the altcoins with gains of 2,942% this month. It is a trend due to the increased demand for Trump-themed meme coins in the market due to Donald Trump’s appearances in the news. The increase can continue as long as the price has increased by 13% in the last 24 hours. It is currently trading at $8.06, approaching the ATH of $17.52 set at the beginning of the month.

Trends vary over time and only a few cryptocurrencies can survive the change or whatever barriers the cryptocurrency market maintains. Having a diversified portfolio with long and short term gains and analyzing the market when to buy and when to sell can generate profitable results of 10 times or more.

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Bitcoin Bitcoin ETF Cryptocurrency news

Australian Stock Exchange approves first Bitcoin Spot ETF; DTX pre-sales exceed US$ 700 thousand

The Australian Securities Exchange approved the first spot Bitcoin ETF, while the DTX Exchange presale raised more than $700,000. Meanwhile, Polkadot soars.

The VanEck Bitcoin ETF (VBTC) has been approved by the Australian Stock Exchange (ASX), its first spot Bitcoin ETF. This is an important step for cryptocurrencies in Australia. Meanwhile, one of the main cryptocurrencies of the moment, DTX Exchange (DTX), is in phase 2 of presales. This cryptocurrency raised more than US$700 thousand. Polkadot (DOT) is also making headlines for its price developments.

Bitcoin: first Australian spot ETF

As a major cryptocurrency, Bitcoin (BTC) has recently seen some interesting developments. Notably, VanEck Australia announced that the ASX has approved its VBTC. This is an important milestone for the adoption of cryptocurrencies in this country. While not the first Bitcoin ETF launched in Australia, VBTC is the first ETF approved by the ASX.

This important news about Bitcoin could trigger a recovery for this cryptocurrency, whose value has increased by almost 150% in the last year alone. Furthermore, BTC is now trading above the 100-day and 200-day EMAs and has 16 green technical indicators. Therefore, market analysts predict that Bitcoin will reach a value of $70,000 before the end of Q2 2024.

DTX Exchange: Pre-sale gains momentum

While Bitcoin makes noise in Australia, DTX Exchange (DTX) makes noise around the world. This growing pre-sale sensation has already raised over $700,000 and is on track to hit $1 million before the end of June 2024. Additionally, those who purchased this cryptocurrency early on are now enjoying a return on investment 100% in a short period. .

What sets DTX Exchange apart is its hybrid trading platform, which combines CEX and DEX functions. Users can therefore trade over 120,000 asset classes such as stocks, forex and cryptocurrencies with leverage of up to 1,000x. Consequently, flexibility and high leverage options place DTX Exchange among the top exchanges in the crypto industry.

At the center of this platform will be the DTX token. Holding DTX tokens offers several benefits, including lower trading fees and governance voting rights. Additionally, those who own $100 worth of DTX during the pre-sale will be entered into a $1 million prize draw, with ten lucky winners winning $100,000 each.

DTX is currently in phase 2 of its pre-sale with a value of $0.04, a 100% increase from the initial price of $0.02. This price is expected to rise to $0.06 once Stage 3 begins. Traders who buy it now will get a 50% ROI. Taking all these factors into consideration, market analysts predict a 50x rise for DTX once a Tier 1 CEX lists it in Q3 2024. As a result, DTX has become one of the top cryptocurrency investments.

Top Analyst Maintains Bullish Stance on Polkadot

Polkadot (DOT) is another cryptocurrency that is on a bullish streak. Data from CoinMarketCap shows that Polkadot’s price is up nearly 40% on the year-to-date chart. Analyst Michaël van de Poppe claims that DOT has reached a crucial support zone and is ready for accumulation. In his post X, Poppe states that Polkadot will be a big driver in the coming years.

Polkadot cryptocurrency technical analysis supports this claim. For example, there are now six technical indicators in the buy zone as DOT is trading above its 200-day EMA. Because of this, cryptocurrency experts have a new Polkadot price prediction: it will reach $9 before the end of the second quarter of 2024.

Bitcoin x DTX Exchange x Polkadot: what stands out?

While Bitcoin, DTX Exchange, and Polkadot are the top cryptocurrencies to watch right now, one stands out: DTX Exchange. This newcomer has a lower market capitalization while taking advantage of the $1.4 trillion forex market. In other words, DTX is expected to experience significant growth while maintaining stability in volatile markets, positioning it as a solid investment option at this time.

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Bitcoin Cryptocurrency Investment Cryptocurrency news

Is it profitable to invest in US stocks?

Investing in U.S. stocks can be profitable, but like all investments, it comes with risks and depends on various factors. Here are some points to consider:

Potential Benefits:

  1. Historical Performance: U.S. stock markets, particularly indices like the S&P 500, have historically delivered strong returns over the long term.
  2. Diversification: Investing in U.S. stocks can diversify a portfolio geographically, reducing risk.
  3. Market Size and Liquidity: The U.S. has one of the largest and most liquid stock markets in the world, making it easier to buy and sell shares.
  4. Economic Stability: The U.S. economy is large and diverse, providing a stable environment for investments.
  5. Innovation and Growth: Many of the world’s leading companies, especially in technology and healthcare, are based in the U.S.

Potential Risks:

  1. Market Volatility: Stock markets can be volatile, with prices fluctuating significantly in the short term.
  2. Currency Risk: For non-U.S. investors, currency exchange rates can impact returns. If the U.S. dollar weakens against the investor’s home currency, it can reduce returns.
  3. Economic and Political Risks: Economic downturns, changes in government policies, and geopolitical tensions can affect the U.S. market.
  4. Valuation Risks: Some U.S. stocks, especially in high-growth sectors, can be overvalued, leading to potential corrections.

Key Considerations:

  • Research and Due Diligence: Investigate individual companies and sectors to understand their performance and potential risks.
  • Long-term Perspective: Investing with a long-term horizon can help ride out short-term volatility.
  • Diversification: Avoid putting all your funds into a single stock or sector to mitigate risk.
  • Professional Advice: Consider consulting a financial advisor to tailor investment strategies to your specific goals and risk tolerance.

While U.S. stocks have the potential to be profitable, it’s crucial to balance the potential for high returns with the risks involved.

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Bitcoin Cryptocurrency news

How can I start trading in Nasdaq?

Starting to trade on the Nasdaq involves several steps, from understanding the basics of stock trading to choosing the right brokerage account and executing trades. Here’s a step-by-step guide to help you get started:

1. Learn the Basics of Stock Trading

  • Understand Stock Markets: Learn about how stock markets work, including what Nasdaq is and how it operates.
  • Stock Market Terminology: Familiarize yourself with common terms like stocks, ETFs, dividends, market orders, limit orders, etc.
  • Types of Stocks: Understand the difference between common stocks, preferred stocks, and other investment instruments.

2. Set Your Financial Goals

  • Determine your investment goals, risk tolerance, and time horizon.
  • Decide how much money you can afford to invest.

3. Choose a Brokerage Account

  • Research Brokerages: Look for brokers that offer access to the Nasdaq and compare their fees, features, and user reviews. Some popular brokerages include:
    • TD Ameritrade
    • Charles Schwab
    • E*TRADE
    • Robinhood
    • Fidelity
  • Open an Account: Complete the application process, which typically involves providing personal information and verifying your identity.

4. Fund Your Account

  • Deposit Money: Transfer funds from your bank account to your brokerage account. Most brokers offer multiple funding options, including bank transfers, wire transfers, and checks.

5. Develop a Trading Strategy

  • Research and Analysis: Use fundamental analysis (evaluating a company’s financial health, performance, and market conditions) and technical analysis (using charts and indicators to predict stock movements) to make informed decisions.
  • Plan Your Trades: Determine entry and exit points, set stop-loss orders to limit potential losses, and decide on the size of your trades.

6. Start Trading

  • Place Your Orders: Use your brokerage platform to place buy or sell orders. Choose between different order types:
    • Market Order: Executes immediately at the current market price.
    • Limit Order: Executes only at a specified price or better.
    • Stop Order: Executes once the stock reaches a certain price.
  • Monitor Your Investments: Keep an eye on your portfolio and make adjustments as needed based on market conditions and your investment goals.

7. Stay Informed

  • Market News: Follow financial news and trends to stay updated on factors that may impact your investments.
  • Educational Resources: Utilize educational resources provided by your brokerage, such as webinars, articles, and tutorials.

8. Review and Adjust Your Portfolio

  • Regularly review your investment performance and adjust your strategy as needed to align with your goals and market conditions.

Additional Tips:

  • Start Small: If you’re new to trading, consider starting with a small amount of money to get comfortable with the process.
  • Diversify: Don’t put all your money into one stock. Diversifying your investments can help spread risk.
  • Stay Disciplined: Stick to your trading plan and avoid making impulsive decisions based on short-term market fluctuations.

By following these steps, you can begin trading on the Nasdaq and work towards achieving your investment goals.

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Bitcoin Bitcoin ETF

Bitcoin price reaches US$69000; Will it soon surpass $76,000?

Bitcoin price added another 10% upward move to the rally this week, jumping from $65,860 to $71,979, but has consolidated in the $68,500 to $70,000 range since hitting the local high. The cryptocurrency market, especially altcoins, witnessed huge volatility as investors awaited the US SEC’s decision on the Ethereum spot ETF.

The week ended strong for Bitcoin and altcoins when the SEC approved the Ether spot ETF, but will this trigger a BTC price rally to a new all-time high?

BTC Price Action Sparks New ATH Speculation
Important week for cryptocurrencies

Bitcoin’s price action this week has sparked fresh speculation about all-time highs among investors. This week was marked by several critical moments: the House approved FIT21 for cryptocurrency regulation and the anti-CBDC bill that prohibits the Federal Reserve from issuing CBDC, approving Ether spot ETFs, and purchasing Bitcoin ETFs counted after outflows from capital in previous weeks.

Headwinds for Bitcoin’s new all-time high

Cryptocurrency market sentiment increased from 70 (greed) to 76 (extreme greed). However, headwinds still remain for the Bitcoin price to reach a new all-time high. In the short term, macroeconomic events such as US PCE inflation data and the May 31 cryptocurrency market expiration are the main obstacles to the current recovery in Bitcoin prices.

Bitcoin is holding firm above the key $66,000 support level after cooling US CPI inflation caused a breakout in the BTC price in mid-May. BTC also experienced a breakout of the 2-month trendline this week, prompting long trades.

Meanwhile, more than 65,687 BTC options with a face value of $4.54 billion are about to expire, with a put/call ratio of 0.57. The maximum critical point is $65,000, indicating high probabilities of Bitcoin liquidation after days of low trading volumes. Implied volatility (IV) shows significant dips in all key terms, meaning volatile price movements could likely cause a pullback in the price of BTC.

Analyst BTC Predictions

Crypto analysts are optimistic about the price of BTC reaching at least $100K this year, with rate cuts from the US Federal Reserve and other central banks being the main reasons behind this. Federal Reserve Chairman Jerome Powell has reaffirmed confidence in three rate cuts and dismissed concerns about stagflation in recent speeches.

Analyst Caleb Franzen said: “Bitcoin has certainly formed a new base.” After recording lower lows for weeks, it reached higher lows for 3 weeks. He also added that this bullish structure coincides with the 30-day Williams %R signal as overbought signals are bullish.

Whales are buying the dip as a new buying trend appears for BTC price. On-chain data from IntoTheBlock indicates that whale addresses have been the top accumulators, generating $1.4 billion worth of BTC in their balances. As prices fell below $67,000, whales accumulated more BTC.

Will BTC Price Reach $76,000 Soon?

BTC price is up 1% in the last 24 hours and the price is currently trading near $69,000. The 24-hour low and high are $68,343 and $69,579, respectively. Furthermore, trading volume has decreased by 50% in the last 24 hours, indicating a drop in interest among traders. Therefore, buying pressure is low amid a long holiday as the US market is closed on Monday for Memorial Day.

Bitcoin futures and options data indicates that buying and selling are almost balanced over the past 24 hours, as total BTC futures and options open interest has fallen over the past few hours. Traders expect low trading volumes in the coming days due to holidays and other factors.