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Andrew Goncharow

@gazuz

106 Following
150 Followers
Andrew Goncharow pfp
Andrew Goncharow
@gazuz
After a significant price decline of 10% in the last two days, Bitcoin is now ready for a reversal, according to some analysts. For example, crypto analyst Trader Tardigrade said that the CMO indicator signals a potential reversal for BTC. 🕯Having reached an all-time high of $73,777 in March 2024, BTC has been moving in a descending channel since then. The trader noted that whenever BTC reaches the bottom of the channel, the CMA technical indicator touches the rebound trigger zone and the BTC price begins to recover. ⚠️However, most investors are still leaning towards a drop to $50K, as short-term traders are in the red, which is why they gradually sell their coins, which puts pressure on BTC. However, we will discuss this issue in more detail in a new video that will be published later.
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Andrew Goncharow
@gazuz
I just completed "The Soneium Minato Testnet" on Layer3 - https://app.layer3.xyz/quests/the-soneium-minato-testnet
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Andrew Goncharow
@gazuz
Cryptocurrency investment products have seen large outflows amid strong US economic reports. 🔽The crypto market saw outflows totaling $305 million last week, driven by stronger-than-expected US economic data, according to a report from CoinShares. The report says that US investors were the main sellers of investment products from August 24 to August 31, with outflows totaling $318 million. 🇺🇸The recent PCE index has risen 0.2% on the month, and is also up 2.5% year-over-year. The positive data has reduced the likelihood of a 50 bp rate cut. 🚀A 50 bp rate cut is important for the crypto market to grow September 18.
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Andrew Goncharow
@gazuz
👾 Cybersecurity experts Cado Security have warned of new Cthulhu malware targeting macOS users Cthulhu appears as an Apple disk image (DMG) and disguises itself as legitimate software such as CleanMyMac and Adobe GenP. According to experts, it is a modified version of Atomic Stealer. 🗳 Shiba Inu (SHIB) to launch DAO, allowing meme token holders to vote on future initiatives Shibarium's L2 solution tokens BONE and LEASH will also play a role in the DAO's governance process in matters of educational initiatives, innovation, and transparency proposals. 📈 Total stablecoin market cap hits new all-time high of $168 billion The data does not include algorithmic stablecoins. The growth of the indicator has been observed for 11 months in a row and indicates an influx of new money into the industry, experts say.
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Andrew Goncharow
@gazuz
📈 Bitcoin Dominance: 57.37% Fear and Greed Index: 56 (greed) 📣 Alt Season Index: 22 (Bitcoin season) 📉 Market Capitalization: $2.21 trillion ⚡️ Media reported on the detention of Pavel Durov at a French airport upon arrival from Azerbaijan on a private jet. Durov may face numerous charges, including terrorism, drug trafficking, fraud, and money laundering. He faces up to 20 years in prison. TON responds by falling.
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Andrew Goncharow
@gazuz
📊 Bitcoin price exceeded $62,000 amid speech by US Federal Reserve Chairman Jerome Powell, but quickly rolled back Powell said that inflation is "on track to 2%" (the latest CPI fell to 2.9%). Investors expect the key rate to be cut by 100 bps by the end of 2024. 🚔 Binance founder Changpeng Zhao was transferred from prison to the RRM Long Beach rehabilitation center in Los Angeles This is a standard program that prepares prisoners nearing the end of their sentences for re-entry into society. He is due to be released on September 29. 🐲 China extradited the founder of the MBI Group cryptocurrency pyramid from Thailand, the damage from which is estimated at $14 billion The project attracted more than 10 million participants who contributed from $98 to $34,300 for membership. In March 2021, Interpol China issued a Red Notice to Mr. Zhang.
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Andrew Goncharow
@gazuz
🐳 CryptoQuant sees Bitcoin whales accumulating coins slowing down Large Bitcoin investors have slowed their monthly coin accumulation rate to 1%, down from the average 3% seen in bull markets. ⚙️ Tether plans to launch a stablecoin pegged to the dirham, the national currency of the UAE The token will be issued in collaboration with Phoenix Group and Green Acorn Investments. ⚖️ Binance and its founder Changpeng Zhao have been hit with a new class action lawsuit in Seattle federal court They are accused of harming customers by laundering and storing criminals' funds. According to ConsenSys lawyer Bill Hughes, the plaintiffs' lawyers are well qualified.
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Andrew Goncharow
@gazuz
News Roundup📰🐋 🪂 Grass DePIN Protocol urged users to link their preferred airdrop wallet to their in-app account by August 23 After that date and until the tokens are distributed, it will be impossible to change the data. 👀 CBOE Exchange withdrew 19b-4 registration forms for the Solana ETF listing over the weekend According to media reports, this happened following discussions between issuers and the US SEC over concerns that Solana could be classified as a security. 🐲 China's Supreme Court has recognized transactions with "virtual assets" as a method of money laundering and enshrined this in the relevant law Now, the transfer and conversion of criminal proceeds through digital transactions can be punishable by a fine ($1,400-28,000) or imprisonment for a term of five to ten years.
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Andrew Goncharow
@gazuz
Only KAS, AAVE, XMR and XRP outperformed BTC, showing growth of up to 36% in 90 days. This suggests that the altseason is still far away, and investors are choosing the more reliable Bitcoin. Meanwhile, BTC is trading at a level above $59 thousand and is trying to fix the key support around $60 thousand 📈According to Polymarket, the chances of Donald Trump defeating Kamala Harris have sharply increased to 47%. 🔼BlackRock crypto ETFs overtook Grayscale funds by $14 million. Now BlackRock manages crypto assets worth $21.2 billion and is the new king of the market. Solana ETF will not appear in the near future, the filing of documents has been terminated, and the registration of Solana ETF has been removed from the CBOE website, where you can track the ETF.
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Andrew Goncharow
@gazuz
BTC closed Friday +3% above $59K as funds resumed investing in Bitcoin ETFs. Yesterday, the ETF saw $36 million in inflows, marking the second day of inflows since Thursday saw over $11 million. 💰South Korea's third-largest government pension fund buys $34 million in MicroStrategy shares. 🗣CoinShares reports that Goldman Sachs, Capula, Avenir were the largest buyers of BTC ETFs in Q2, with a combined investment of $1.3 billion. 👀BRICS is considering announcing a gold-backed currency at its upcoming summit in October 2024. The bloc is also considering blockchain use cases.
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Andrew Goncharow
@gazuz
💸Marathon Digital buys $249 million worth of BTC, reserves reach 25 thousand BTC. Meanwhile, Morgan Stanley reported that it holds a Bitcoin ETF worth about $188 million. 💎TON has surged 25% in 10 days, following a Binance listing, an additional Launchpool launch, and a partnership with the Pyth Network. The price has reached its highest level in almost four weeks.
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Andrew Goncharow
@gazuz
💸What Does 2.9% Inflation Mean for Bitcoin and Crypto Markets? Today, the CPI was published, which showed that in July, inflation fell to 2.9% (the lowest level in the last 3 years), although the forecast was 3%. The fall in inflation is a direct signal for the Fed to cut the rate in September. 😵The Fed's inflation target is 2% and today's CPI highlights the steady decline in inflation. The probability of a rate cut by 0.50% has increased to 43.5%.
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Andrew Goncharow
@gazuz
💰Gold Remains the Main Safe Haven Asset Outlier Ventures Head of Research Jasper De Meer notes that investors are switching to gold as AI-related tech stocks fall and geopolitical tensions around the world grow. 📈Gold is approaching an all-time high. Over the past 24 hours, gold prices have risen, with the spot price up 0.6% to $2,468 per ounce and US gold futures up 0.3% to $2,481. As we recall, BlackRock CEO Larry Fink has repeatedly said that BTC is digital gold, but at the moment, gold's growth significantly exceeds BTC's, because Bitcoin more closely mimics stock movements.
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Andrew Goncharow
@gazuz
🐋 Blockchain gaming operator Animoca Brands has reported a 75% drop in its valuation on the secondary market. Animoca was valued at $5.9 billion during the NFT mania of 2022, and is now valued at $1.5 billion, indicating little interest in non-fungible tokens and blockchain games. 🐳 Cryptocurrency investment funds, despite the correction, attracted $176 million in the past week. Investors saw the recent decline in quotes as an opportunity to buy, noted analysts at CoinShares, specifying that Ethereum funds turned out to be the leaders in asset inflow ($155 million). ⛔️ On August 19, Binance will delist CVP, EPX, FOR, LOOM, REEF and VGX due to non-compliance with exchange standards. The platform also called for the withdrawal of the balances of Bitcoin Gold (BTG), MobileCoin (MOB), Monero (XMR) and other assets. Otherwise, an automatic conversion to USDC will take place on September 12. It will last until March 1, 2025, after which the amount will be credited to the balance.
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Andrew Goncharow
@gazuz
💸Holders Believe in Bitcoin Rising Long-term Bitcoin holders bought over 184,500 BTC worth $11.1 billion during the recent downturn, indicating continued faith in long-term growth. Meanwhile, BTC is trading above the key $60,000 level, as well as the important 200-day EMA line, signaling an uptrend for BTC. Celsius sues Tether for $2.4 billion in Bitcoin for selling collateral it made during bankruptcy proceedings. 🍎Apple used Google chips to train its AI. Nvidia's market cap decline could signal changes in the generative AI developer market. 🗣POLITICO reports that Donald Trump's election campaign was recently hacked by Iran, compromising internal materials.
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Andrew Goncharow
@gazuz
📈On Friday, the S&P 500 officially recorded its best day since November 2022, which was a positive for the cryptocurrency, as the US economy is not currently in danger of a recession. ✖️Despite Ripple's recent court victory, the $125 million fine and injunction have significantly hampered the company's operations. At the same time, according to journalists, the SEC is preparing an appeal.
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Andrew Goncharow
@gazuz
🐋Big Whales Buying Ethereum During Drawdown According to CryptoQuant, Ethereum accumulation addresses with balances between 10k ETH and 100k have been gradually accumulating Ethereum since July. 🔹 The chart shows that big whales have absorbed a significant amount of Ethereum since Monday's lows. Addresses with balances between 10k-10k added 530k ETH, while addresses between 10k-100k bought about 227k ETH after 08/05
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Andrew Goncharow
@gazuz
Positive US Data 😁 Today, initial jobless claims data was released, which turned out to be lower than expected. 📊A report from the Labor Department showed that the number of initial jobless claims in the US was 233,000, which is lower than expected. This creates a positive mood for the economy, where there was talk of a recession. 🗣Despite the fact that the rise in unemployment is a signal for the Fed to cut rates, today's data confirmed that the US economy is far from recession. Against the backdrop of the data, BTC broke through $58 thousand and is now trying to consolidate above this level.
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Andrew Goncharow
@gazuz
I just scored 1000XP on Rocket Rush by MetaStreet. Play here for free and earn their Ascend XP:
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Andrew Goncharow
@gazuz
💰 USA Begins to Save Stock Market and Economy Yesterday, the US government began implementing a large-scale plan to buy back $50 billion in Treasury bonds. 🗣This program will last until October and is aimed at buying back $50 billion in bonds. The buyback will take place in 3 stages: $8.5 billion in August, $31.5 billion in September, and $10 billion in October 2024. 📈The bond buyback program is seen as an additional measure to lower rates. It is designed to stabilize financial markets. By buying back bonds, the government hopes to support their prices and keep yields under control. This could indirectly support broader economic stability during fears of a recession. Against this backdrop, the crypto market has already noted a recovery, breathing a sigh of relief after Black Monday.
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