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Kailash

@greenfield

2260 Following
982 Followers
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Kailash
@greenfield
In 2024, most older projects built the technology promised during previous bull cycles. However, the underlying tokens are either stagnant or still sliding. One of the reasons is that communities have shifted, and support is concentrating on new classes of coins and tokens.
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Kailash
@greenfield
New buyers seek ease of access; in some cases, older altcoins require multiple wallets or a learning curve. On the positive side, older altcoins have highly liquid trading pairs. Some are seen as reliable enough to be included in mainstream products and eventual ETF.
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Kailash
@greenfield
The success of the Bitcoin ETF has paved the way for further crypto-related financial products, and the market has been keenly awaiting similar developments for other such products.
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Kailash
@greenfield
The SEC’s long-awaited approval of spot Bitcoin ETFs in the U.S. in January marked a significant milestone in integrating cryptocurrencies into mainstream financial markets. They allow investors to gain exposure to Bitcoin without directly holding the cryptocurrency, thus providing a more accessible and regulated investment vehicle.
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Kailash
@greenfield
The crowd is showing fear after Bitcoin has fallen to $65,000, its lowest market value since May 16th. Spikes in mentions of ‘selling’ or ‘taking profit’ are common after a drop, and a temporary bounce and buy opportunity may form if we see continued FUD (fear uncertainty and doubt) and panic from small traders.
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Kailash
@greenfield
According to crypto analytics firm Santiment, the 100 largest non-exchange Ethereum whales hold a record high of 68.39 million ETH tokens, while exchange wallets have declined.
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Kailash
@greenfield
The biggest whales on the Ethereum network currently hold an all-time high of $241.635 billion in ETH, according to the newest on-chain data.
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Kailash
@greenfield
Noelle Acheson, author of the “Crypto Is Macro Now” newsletter, points out that a significant portion of subscriptions to the new U.S. Bitcoin ETFs may be from existing Bitcoin holders. This implies that not all ETF inflows represent new money entering the market, which is necessary to move the price.
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Kailash
@greenfield
Factors that once fueled enthusiasm, such as inflows into U.S. Bitcoin ETFs and optimism over potential Federal Reserve interest rate cuts, no longer seem to be boosting the cryptocurrency’s performance.
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Kailash
@greenfield
After reaching an all-time high of $74,000 earlier this year, driven by the approval of spot Bitcoin exchange-traded funds (ETFs), Bitcoin’s performance in the second quarter has been underwhelming, particularly following the recent Bitcoin halving event.
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Kailash
@greenfield
Robert says the price, however high it is presently, is not as high as it’s going to go. He then went further to cite a part of his famous publication “Rich Dad Poor Dad” buttressing on lessons learnt from his rich dad on investing. Robert pointed out that “Your profit is made when you buy Not when you sell .”
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Kailash
@greenfield
Robert Kiyosaki, a renowned financial educator and author emphasized that Bitcoin is still cheap, encouraging people to reconsider their perception of its value as he drew insights from his “Rich Dad, Poor Dad” best-selling publication. Kiyosaki criticized the common excuse that Bitcoin is too expensive, urging more purchases and investment in the cryptocurrency.
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Kailash
@greenfield
MicroStrategy anticipates that the sale's net proceeds will be roughly $687.8 million. It intends to use the proceeds to acquire additional bitcoin alongside general corporate purposes. The firm already holds 214,400 bitcoins.
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Kailash
@greenfield
The notes' conversion rate will initially be 0.4894 shares of MicroStrategy class A common stock per $1,000 principal amount of notes — equivalent to roughly $2,043.32 per share, which represents a premium of approximately 35% over the U.S. composite volume weighted average price of said stock
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Kailash
@greenfield
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Kailash
@greenfield
The cryptocurrency market reacted negatively to the decision. Bitcoin immediately fell below $69,000. In addition, most digital assets from the top 10 by capitalization showed slight negative dynamics, according to the CoinMarketCap data.
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Kailash
@greenfield
The indicator excluding prices for food and energy increased by 0.2% compared to the previous month and 3.5% compared to May last year. The values were 0.3% and 3.6% a month earlier, respectively. Analysts expected a slowdown in annual rates to 3.5% and monthly rates to 0.3%.
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Kailash
@greenfield
American authorities released several vital reports on June 12, including the Federal Reserve’s inflation data and interest rates. How did the crypto market react to the latest macro data?
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Kailash
@greenfield
Interest rates play a key role in the price action of risk assets like cryptocurrencies and the equities market. A lower rate of interest increases the liquidity in the system, as the cost of borrowing capital is lower and investors seek higher returns on their capital due to fixed-income assets offering lower returns.
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Kailash
@greenfield
The BTC price spiked after the Consumer Price Index (CPI) print came in better than expected right before markets opened in the U.S. The rally, however, was short-lived, as Bitcoin’s price tumbled after commentary from Fed Chair Jerome Powell.
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