Category: Cryptocurrency news

Categories
Bitcoin cryptocurrency exchange Cryptocurrency news Retirement

Crypto Trader Turned $304 into $482,000 After BUBB Price Surged 150,000%

The crypto market is rife with volatility, but some newly launched cryptocurrencies have recently become trading saviors. BUBB, a recently launched token, is one of these trading saviors as its price surged significantly, turning $304 into $482,000 by a crypto trader. How did this happen exactly? Let’s take a closer look.

Crypto Trading News: Crypto Trader Earned 1,586x Returns

An anonymous crypto trader invested just under $304 and turned it into $482,000—an impressive 1,586x return. According to Lookonchain’s post X, he seized the cryptocurrency opportunity even though the token barely lost value due to its recent launch.

The trader invested $304 to purchase BUBB, worth $43.94 million. Interestingly, the price of BUBB jumped 150,000% shortly afterward, pushing the token’s value to $482,000. Of these millions of tokens, the crypto investor sold only 28.9 million ($122,000) and held onto the remaining 15.64 million BUBB, equivalent to $360,000 per post, in anticipation of further growth.

In total, the trader realized a return of 1,586x. Interestingly, he still holds 15.64 million tokens. Given that BUBB is currently one of the leading cryptocurrencies, the return could increase.

The portfolio statistics show a win rate of 50%, meaning that half of the bets resulted in profits and the other half in losses. The profit realized over the last 7 days is just under $3,500, and the total profit exceeds $59,000.

With a return of 1,586x, it is clear that the crypto investor has good trading skills and experience. A review of the portfolio reveals the trader’s high trading activity in cryptocurrencies: 152 trades were made in the last seven days alone.

The trader has another portfolio with $417,000 in unrealized profits. Interestingly, this is also due to BUBB token holdings.

The upward trend in BUBB’s price continues – what’s next?

Although the aforementioned crypto trader bought the token at an average price of $0.0000069 and sold it at $0.00432, the token has significantly surpassed this level. According to Coingecko, the BUBB token is currently trading at $0.02449, up nearly 500% in the past 24 hours.

The market capitalization is $23,668,094 and the trading volume is $49,334,025—a relatively high value. This indicates strong investor demand.

Interestingly, amid this demand, the price of BUBB increased by 800%. It rose from $0.0027 to $0.026 a few hours earlier on the same day. Continuing the trend and demand could lead to further price increases. However, uncertainty in the cryptocurrency market is also characterized by high volatility, which calls for caution.

Categories
Bitcoin ETF Bitcoin Wallet Crypto Casino Games Cryptocurrency news Ripple

Crypto Market This Week: US Moves Forward With Pro-Crypto Moves, Major Coins Remain Volatile

The cryptocurrency market concludes another week with unprecedented developments that have sparked investor excitement. A strategic Bitcoin reserve was announced in the US, while a cryptocurrency reserve and summit were held. Simultaneously, despite the bullish developments, BTC and major league altcoins continued to encounter volatility in the market.

Below are some of the most talked-about market updates reported by CoinGape over the past week.

This week’s cryptocurrency market sees a Bitcoin stockpile and a cryptocurrency stockpile in the US.

US President Donald Trump announced a strategic Bitcoin reserve for the United States this week. This reserve is expected to comprise approximately 200,000 Bitcoins, which are currently held by the government through the cessation of funds involved in criminal and illicit activities.

Interestingly, Scott Bessent and Howard Lutnick have been appointed as officials who will focus on potential resources to help the reserve acquire more BTC in the future. Trump revealed that these BTC coins will also not be sold early, offering more value to the reserve.

Furthermore, the country expects to see a “crypto reserve” consisting of assets such as Ethereum (ETH), Solana (SOL), Cardano (ADA), and XRP in the future, according to Trump’s announcement. The main difference between the two sagas is that while the government is pushing to acquire more BTC, there will be no active efforts to increase the cryptocurrency stockpile. Taken together, these were the major developments in favor of cryptocurrencies in the US this week.

Crypto Summit: What’s New?

Simultaneously, the crypto market witnessed a cryptocurrency summit at the White House this week, hosted by President Donald Trump and crypto czar David Sacks.

Notably, Trump has shown strong efforts to end “Operation Chokepoint 2.0,” which has been putting regulatory pressure on banks, leading them to close accounts of crypto companies. Furthermore, the 47th US president has continued to reflect strong support for cryptocurrencies, suggesting that the government’s stance is likely to be more favorable to digital assets in the future.

Overall, the announcement of the Bitcoin reserve, the crypto summit, and the launch of an upcoming cryptocurrency arsenal have generated notable optimism in the market.

Bitcoin and altcoins remain volatile

However, despite the broader developments this week, BTC and major altcoins are facing turbulence in the crypto market.

The price of BTC closed the week close to $86,000 after going through a rollercoaster ride over the past seven days. The price of ETH lost almost 2% to close the week close to $2,200. XRP price also faced turbulence and traded at $2.32 at the close of the week, up just 3% in 7 days. Lastly, SOL price lost 3.5% on a weekly basis and remained at $138, in line with the overall market trend.

Categories
Bitcoin Bitcoin Wallet cryptocurrency exchange Cryptocurrency news Retirement

Cryptocurrency analyst explains what could trigger Ethereum’s rise to $6,000

An analyst has revealed what may need to happen for Ethereum to rally towards the $6,000 mark, based on a pattern that is currently forming in its price.

Ethereum appears to be moving in an ascending channel recently

In a new post on X, analyst Ali Martínez talked about a pattern that Ethereum has potentially been following recently. The pattern in question is the “ascending channel” of technical analysis (TA).

Parallel channels are formed when the price of an asset consolidates between two parallel trendlines. The upper level of the channel is drawn by connecting successive highs, while the lower level joins the lows.

This pattern can take three orientations: positive slope, negative slope and zero slope. In the first, the trend lines follow an upward consolidation phase, and the pattern is known as an ascending channel. Likewise, in the second, the price trends downwards, and the formation is called a descending channel. The third type, where the trend lines are parallel to the time axis, does not have a specific name.

Like other consolidation patterns on AT, the upper line of a parallel channel will likely represent price resistance, while the lower line may act as a support point. Breaks above any of these lines may imply a continuation of the trend in that direction; A breakout above the channel is bullish and a break below it is bearish.

ETH spent some time making several touches of the line during the retest, but the pattern ended up holding while the coin managed to bounce. However, the resulting rally failed to take the price to the upper level as it in fact only disappeared by half. Since then, the asset has been declining.

Interestingly, a similar pattern was also observed in 2023, where a rejection in the middle of the channel sent Ethereum to a retest of financial results, starting the uptrend.

In the chart, Martínez highlighted what ETH’s next price trend could look like if it now also follows a similar trajectory. “If Ethereum $ETH is following an ascending parallel channel, a drop to the lower boundary of $2,800 could act as a launching pad for a move towards $6,000,” the analyst notes.

From the current price of the cryptocurrency, an increase to this final target of $6,000 would imply growth of almost 82%.

Ethereum Price

Ethereum has not yet been able to make any notable recovery from its recent decline as its price is still trading around $3,300.

Categories
Bitcoin Investment Cryptocurrency Investment Cryptocurrency news Investment News

Multiply Bitcoins – multiplybtc.org

Why Invest With Us

  • Top rated on most HYIP Monitor sites and Bitcoin Investment blogs
  • Our methods are like no other program available.
  • Bitcoins are becoming more popular and accepted.
  • We have over 400 clients.
  • This is your opportunity to make profits that can possibly change your life.
  • Anyone from any country can participate.

Turn 0.001 btc into 0.05 btc in 24 hours

Turn 0.002 btc into 0.1 btc in 18 hours

Turn 0.005 btc into 0.25 btc in 16 hours

Turn 0.01 btc into 0.5 btc in 12 hours

Turn 0.02 btc into 1 btc in 10 hours

Turn 0.03 btc into 1.5 btc in 8 hours

Turn 0.05 btc into 25 btc in 6 hours

Turn 0.1 btc into 50 btc in 4 hours

HOW TO INVEST1,Mail to us and Tell us when and how much You will invest in our program. Our Email: contact@multiplybtc.org2,We will reply to your email within 12 hours and give you a dedicated BTC address to accept the investment. You only need to send the investment to this BTC address to complete the investment.3,Wait for the investment to expire, and we will send the investment principal and profit to the BTC address you gave us within 2 hours.

Categories
Bitcoin Bitcoin Wallet Cryptocurrency Investment Cryptocurrency news

Tether Increases Bitcoin and Gold Holdings to $4.8 Billion and $5 Billion

Tether (USDT) circulation has increased to $120 billion, marking a 30% increase by 2024.

Tether’s Bitcoin and gold holdings have increased to $4.8 billion and $5 billion, respectively.

Tether’s net worth has doubled to $14.2 billion as it faces ongoing legal challenges.

Tether has announced a substantial increase in its Bitcoin and gold reserves, as detailed in its latest Consolidated Financial Figures and Reserves Report for Q3 2024.

Tether’s Bitcoin holdings have reached an impressive $4.8 billion, while its gold reserves are now $5 billion, reflecting the company’s strategy to bolster its asset base amid growing global demand for its stablecoin, USDT.

USDT Circulation Increases 30%

This quarter was particularly notable for Tether, as USDT circulation soared to a record $120 billion, representing a 30% increase in 2024.

This increase totals $27.8 billion so far this year and brings Tether’s market cap close to that of its competitor, Circle’s USDC, which currently stands at $35 billion, according to data from CoinGecko.

Tether’s growth is indicative of the growing reliance on stablecoins within the cryptocurrency ecosystem, driven by increased market adoption and confidence.

Tether Expands Holdings of US Treasuries

In addition, Tether has significantly expanded its holdings of US Treasuries, which now amount to $84.5 billion, making up the largest segment of its reserves. This strategic move has contributed to Tether’s strong financial health, with net assets doubling to $14.2 billion from $7 billion at the end of 2023.

In addition, through its subsidiary, Tether Investments Limited, the company manages an additional $7.7 billion in assets across sectors such as sustainable energy, Bitcoin mining, and data infrastructure. However, these assets are not included in the reserves backing Tether tokens.

Despite its growth, Tether is currently embroiled in three civil litigation cases related to its holdings and operations. Notably, these cases include a class action lawsuit related to the 2017-2018 Bitcoin price crash, a lawsuit stemming from the Celsius bankruptcy, and a dispute over USDT in a wallet not controlled by Tether.