angus6423

@angus6423

199 Following

113 Followers

angus6423 pfp

Retail investor appetite for celebrity-endorsed memecoins has been boosted since US President Donald Trump launched his Official Trump (TRUMP) memecoin on Jan. 18, followed by First Lady Melania Trump’s Melania Meme (MELANIA) token on Jan. 19 on the Solana network ahead of his inauguration on Jan. 20.

0 reply

1 recast

1 reaction

angus6423 pfp

Moreover, the project shared no preliminary information about its tokenomics, a major red flag among crypto traders.

0 reply

1 recast

1 reaction

angus6423 pfp

Today in crypto, crypto traders bagged millions as Trump’s Solana memecoin sparked a frenzy, Wyoming is the latest US state to introduce a bill for a Strategic Bitcoin Reserve, and the Securities and Exchange Commission charged Digital Currency Group and former Genesis CEO for misleading investors.

0 reply

0 recast

0 reaction

angus6423 pfp

“The conduct admitted to in these plea agreements is deeply disturbing and cannot be tolerated,” said US Attorney Martin Estrada. “I am grateful for the cooperation of Sheriff Robert Luna and the Los Angeles County Sheriff’s Department in working with our office to root out corruption and uphold civil rights.”

0 reply

0 recast

0 reaction

angus6423 pfp

Terraform Labs co-founder Do Kwon appeared before a New York magistrate on Jan. 2, less than a week after being extradited to the United States to face criminal charges for his role in the Terra ecosystem collapse.

0 reply

10 recasts

14 reactions

angus6423 pfp

This price action drew considerable backlash from investors on social media, who characterized the launch as a classic pump-and-dump scheme after the price of the memecoin collapsed.

0 reply

9 recasts

17 reactions

angus6423 pfp

The Hawk Tuah memecoin launched on Dec. 4 with a market capitalization of roughly $16.6 million. The price of the coin surged after launch, and within three hours, the meemcoin’s market cap grew to $491 million. It would then quickly drop to approximately $41.7 million.

0 reply

1 recast

13 reactions

angus6423 pfp

Quintenz previously served as a Republican-appointed commissioner at the CFTC, advocating for financial innovation within the digital asset industry, and he currently pushes for regulatory clarity as head of policy at a16z.

0 reply

1 recast

1 reaction

angus6423 pfp

CEO of Global Macro Investor Raoul Pal recently forecasted a $110,000 local top for Bitcoin that he predicts will occur before the end of January 2025. Pal also predicted that the price of Bitcoin would peak sometime during the end of 2025.

0 reply

1 recast

10 reactions

angus6423 pfp

Despite the rising prices of Bitcoin futures, Bitcoin dominance is falling. On November 30, 2024, Bitcoin dominance fell to 56.1%. This signals that Bitcoin investors are taking profits and rotating into altcoins and the potential start of altcoin season.

0 reply

1 recast

8 reactions

angus6423 pfp

On November 29, Bitcoin futures on the Chicago Mercantile Exchange (CME) reached $100,200 for the second time within seven days — prompting analysts to speculate that the spot price could soon rise to that level.

0 reply

1 recast

6 reactions

angus6423 pfp

Analysts are patiently eyeing a $100,000 Bitcoin price point, which is an important psychological level. However, the race to $100K is proving easier said than done, with the price of Bitcoin crossing $99,000 on November 22, only to retrace back down to the $96,000-$98,000 range.

0 reply

1 recast

5 reactions

angus6423 pfp

The price performance of the decentralized, supply-capped asset is on schedule with other halving years, in which the price of Bitcoin begins to climb approximately six months after the halving event.

0 reply

1 recast

8 reactions

angus6423 pfp

These included 2013, with a staggering 459% gain, 2017 at 54%, and 2020, where Bitcoin recorded a 42% gain during the month.

0 reply

1 recast

6 reactions

angus6423 pfp

According to data from ICO Analytics, Bitcoin also experienced a 37% gain in November 2024. The ICO Analytics data measured monthly Bitcoin performance between 2011-2024 and revealed only three other years where Bitcoin experienced higher percentage gains for November.

0 reply

1 recast

5 reactions

angus6423 pfp

A break below the 20-EMA will signal that the bulls are losing their grip. The pair may then slide to the 50-SMA. The bulls are expected to aggressively defend the 50-SMA because a break below it could tilt the advantage in favor of the bears.

0 reply

1 recast

5 reactions

angus6423 pfp

The bears are trying to pull the price to the 20-EMA, which is an important near-term support to watch for. If the price rebounds off the 20-EMA with strength, it will signal buying on dips. That will improve the prospects of the resumption of the uptrend.

0 reply

1 recast

3 reactions

angus6423 pfp

This positive view will be invalidated in the near term if the price turns down and breaks below $194. The pair may then slump to the 20-day EMA ($183).

0 reply

1 recast

3 reactions

angus6423 pfp

Under the proposed legislation, the BTC reserve would complement existing financial assets up to a maximum of 5% of the country’s reserves through phased purchases. The country’s central bank would still manage the assets through public systems powered by blockchain and artificial intelligence technologies, with the support of a technical advisory committee formed by security experts.

0 reply

5 recasts

17 reactions

angus6423 pfp

A sovereign reserve is a pool of assets held by a nation’s central bank typically used to back the country’s fiat currency, stabilize the economy, and support international trade. Brazil had $355 billion in reserves as of December 2023, primarily backed by assets tied to global fiat currencies, such as the US dollar.

0 reply

1 recast

17 reactions