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Abstract

EC creates a Bitcoin ETF review application. Previously, it wasn’t working in this manner, but things have suddenly turned around.</p><blockquote id="3b40"><p><b>We must be prepared for the possibility that the SEC will grant ETF approval at any time.</b></p></blockquote><figure id="aeef"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*rfAF-p4Y5H2giqi9"><figcaption>Photo by <a href="https://unsplash.com/@maicopereira?utm_source=medium&utm_medium=referral">Maico Pereira</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="c94e">Celsius</h2><p id="2077">Celsius wants to convert altcoin holdings into bitcoin and Ethereum. Just recently, it was announced that Celsius has begun dumping cryptocurrencies totaling <b>186,149 </b>BONE — $235K, <b>1.27M</b> LINK —$ 8.5M, <b>12,597 </b>BNB — $3M, <b>2.83M</b> SNX —$ 7.84M, <b>4.45M</b> 1INCH — $2.26M, <b>439K</b> FTX —$ 713K, and <b>8.53M</b> ZRX — $1.9M.</p><p id="a9fa">Because of this, pump and dump have been seen in these altcoins in the last few days.</p><figure id="5f85"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*nVfOH8MEWtU01Wf1"><figcaption>Photo by <a href="https://unsplash.com/@mikepetrucci?utm_source=medium&utm_medium=referral">Mike Petrucci</a> on <a href="https://unsplash.com?utm_source=medium&utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="618b">Shopify</h2><p id="39a3">Shopify has around 2.1 million merchants (online Stores) and recently partnered with Co:Create. Together with Polygon, they will create an infrastructure that will allow all of these retailers to offer crypto rewards to their users. As a reward, loyalty tokens, discount coins, and NFTs will be distributed.</p><p id="3621">Blockchain technology is now being used by well-known fashion brands to conduct promotions, loyalty programs, and events.</p><h2 id="6754">Aave</h2><p id="d399">Recently Aave has launched its own algorithmic stablecoin GHO. At present, the response of this stablecoin has not been so good. Ethereum or AAVE tokens are required to mint the GHO stablecoin.</p><h2 id="5c42">XRP</h2><p id="885f">I have written a detailed article about what has happened in the case of XRP and how far the price of XRP token can go.</p><div id="ad35" class="link-block"> <a href="https://readmedium.com/xrp-soars-court-victory-crypto-sector-breakthrough-and-price-analysis-39287ef2d47a"> <div> <div> <h2>XRP Soars: It’s Not a Security But Sometimes It’s a Security</h2> <div><h3>Price Analysis | Case | 2 Outcome | Negative | Price Impact | Chart</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*QBxksEii0MgwWoq2CNVegA.png)"></div> </div> </div> </a> </div><p id="fc30"><b>Banks can work with XRP again and start using their On-Demand Liquidity (ODL) function</b>. Previously, people were afraid to use Ripple’s things, but now they will be able to use it without fear.</p><p id="3a61">You could consider entering if you detect a decent drop in the XRP coin. However, I would like to suggest you to do your own research and analysis before taking any decisions, because as you know the crypto market is very volatile and risky.</p><p id="551a" type="7">☺Clap — Share — Comment — Happily ☺</p><h2 id="9f7e">Disclaimer</h2><p id="8f93">This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.</p><h2 id="60ec">Thank You for Reading…</h2><div id="6515" class="link-block"> <a href="https

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Bitcoin’s Strong Bullish Signals: Global Money Liquidity

Powerful Factors Behind its Price Surge

After the news of XRP, there was a good jump in the price of bitcoin and the very next day the price suddenly dropped. Bitcoin is currently trading at $30,000 after dropping from its yearly high of $31804.

We can predict the direction of Bitcoin by understanding at what price it will get the strongest support and at what price whales are accumulating BTC.

Glassnord

According to Glassnord’s research, around 600,000 BTC have been acquired at the $30200 level. Because BTC trades above or below 30200, 3.45% of the total supply could either gain or lose.

The second biggest buying of Bitcoin happened at $26800, at this time 3% supply has been accumulated. The level of $26800 is the second most important support of BTC.

Nowadays, anytime the price of bitcoin falls below $30000, it instantly rises again within a few hours, which is why there has been a lot of acquiring below the $30200 level. In short, it can be said that these accumulation levels are working like magnets.

World of Liquidity

In the cycle of Liquidity World, when the supply of new money comes into the world or an economy, then the price of Bitcoin pumps up, and when the supply starts decreasing, then the price of Bitcoin dumps.

You understand what I’m saying right now by looking at the World Liquidity Cycle chart above. When the liquidity of the Chinese Yuan and American Dollar increases in the market (the green zone is a sign of increasing liquidity), then the price of Bitcoin pumped amazingly.

After a few years, money liquidity decreased (No green zone), and the value of Bitcoin declined.

For the last few months, the liquidity of global money is increasing in the market. Keeping in mind the chart shown above it is expected that the price of Bitcoin would rise significantly from its present level. In addition, the MACD indicator is indicating a strong bullish trend.

When we combine Global Money Liquidity, MACD, Bitcoin Spot ETFs News, Whales Accumulate, and 2024 Halving, we get a very strong indication that an incredible bull rally may come in Bitcoin.

Supply

Over the past five years, about 29.1% of the Bitcoin supply has been frozen, which means it has been stored and locked. We all know that in the previous five years, the price of Bitcoin has fallen from $50,000 to $30,000 and then again went upto $69,000, despite the fact that the 29.1% supply has remained unchanged.

This point is fundamentally giving a very bullish signal.

Refiling

After the refiling of ETFs, the SEC declares Coinbase as a surveillance partner, and the SEC creates a Bitcoin ETF review application. Previously, it wasn’t working in this manner, but things have suddenly turned around.

We must be prepared for the possibility that the SEC will grant ETF approval at any time.

Celsius

Celsius wants to convert altcoin holdings into bitcoin and Ethereum. Just recently, it was announced that Celsius has begun dumping cryptocurrencies totaling 186,149 BONE — $235K, 1.27M LINK — $8.5M, 12,597 BNB — $3M, 2.83M SNX — $7.84M, 4.45M 1INCH — $2.26M, 439K FTX — $713K, and 8.53M ZRX — $1.9M.

Because of this, pump and dump have been seen in these altcoins in the last few days.

Shopify

Shopify has around 2.1 million merchants (online Stores) and recently partnered with Co:Create. Together with Polygon, they will create an infrastructure that will allow all of these retailers to offer crypto rewards to their users. As a reward, loyalty tokens, discount coins, and NFTs will be distributed.

Blockchain technology is now being used by well-known fashion brands to conduct promotions, loyalty programs, and events.

Aave

Recently Aave has launched its own algorithmic stablecoin GHO. At present, the response of this stablecoin has not been so good. Ethereum or AAVE tokens are required to mint the GHO stablecoin.

XRP

I have written a detailed article about what has happened in the case of XRP and how far the price of XRP token can go.

XRP Soars: It’s Not a Security But Sometimes It’s a Security

Price Analysis | Case | 2 Outcome | Negative | Price Impact | Chart

medium.com

Banks can work with XRP again and start using their On-Demand Liquidity (ODL) function. Previously, people were afraid to use Ripple’s things, but now they will be able to use it without fear.

You could consider entering if you detect a decent drop in the XRP coin. However, I would like to suggest you to do your own research and analysis before taking any decisions, because as you know the crypto market is very volatile and risky.

☺Clap — Share — Comment — Happily ☺

Disclaimer

This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.

Thank You for Reading…

Join Medium with my referral link - Jessica Doosan

As a Medium member, a portion of your membership fee goes to writers you read, and you get full access to every story…

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