miadavis0339 pfp

miadavis0339

@miadavis0339

199 Following
299 Followers
miadavis0339 pfp
miadavis0339
@miadavis0339
Today in crypto, phishing attacks were the most costly attack vector for the crypto industry in 2024, according to a new report from CertiK, BlackRock’s iShares Bitcoin Trust (IBIT) has clocked its largest one-day outflow since its launch in 2024, and Do Kwon has pleaded not guilty to a slew of charges in the United States.
0 reply
10 recasts
24 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Trump’s actions to date certainly suggest a favorable administration going ahead. He’s nominated pro-crypto and pro-deregulation Paul Atkins as chairman of the Securities and Exchange Commison after Gary Gensler stepped down.
0 reply
9 recasts
18 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Krüger did not rule out the possibility of Bitcoin going through a bear market as in past cycles. However, he urged the crypto investors to “stop comparing this cycle to prior cycles” as it may be different this time.
0 reply
2 recasts
13 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
He believes that Bitcoin’s unique situation could be compared to gold when it surged from $35 per ounce in 1971 to $850 in 1981 as former US President Richard Nixon took the US off the gold standard, ending the Bretton Woods system.
0 reply
2 recasts
12 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
While Coinbase refers to USDT as a “MiCA-restricted stablecoin,” European regulators have not directly claimed that the stablecoin is not compliant with MiCA.
0 reply
1 recast
1 reaction
miadavis0339 pfp
miadavis0339
@miadavis0339
On Dec. 18, the Federal Open Market Committee (FOMC) will decide whether to change benchmark interest rates. As Cointelegraph continues to report, overall bets remain skewed to a fresh 0.25% decrease, but markets are less certain than in previous months.
0 reply
1 recast
12 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Kobeissi noted that the prints constitute “the last week of labor market data before the December 18th Fed meeting.”
0 reply
2 recasts
9 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
“It’s a huge week for the labor market,” trading resource The Kobeissi Letter said about the macro diary.
0 reply
1 recast
5 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Job openings on Dec. 3 will be followed by jobless claims two days later, the week then ending with unemployment reports.
0 reply
1 recast
5 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
The labor market dominates the week’s US macroeconomic data releases as the countdown to the Fed’s next interest rate decision begins.
0 reply
1 recast
5 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Bitcoindata21 compared the current Bitcoin bull market to 2021, when funding rates were multiple times higher. Even March 2024, when BTC/USD set old all-time highs of $73,800, saw considerably higher funding.
0 reply
1 recast
4 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
“Funding rates on bitcoin are still really low, considering the number of people that have been calling ‘top signals’ recently…” analytics account Bitcoindata21 echoed on X last week.
0 reply
1 recast
4 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Funding has exhibited that relaxed trend for weeks, even as BTC/USD sets repeated records.
0 reply
1 recast
2 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
“Lots of talk about price needing a bigger pullback & the market being unhealthy. Meanwhile, price chilling at $95,000 with near-baseline funding,” he told X followers.
0 reply
1 recast
2 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Market stability may well allow a shot at acclimatizing to six-figure Bitcoin.
0 reply
1 recast
2 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Despite the US election being a pivoting event for crypto, Trezor has not seen much change in the share of US demand, according to Sanders.
0 reply
7 recasts
17 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
“It promises to offer more regulatory clarity, which leads to an improved environment for businesses to operate in the space and increased institutional adoption,” he added.
0 reply
1 recast
17 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
Bitcoin’s price action has historically benefited from economic concerns and issues in the traditional finance space, like the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank.
0 reply
9 recasts
39 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
The largest China ETF, the iShares China Large-Cap ETF (FXI), saw a record $984 million worth of withdrawals over the past week, marking the fifth consecutive week of negative outflows.
0 reply
5 recasts
39 reactions
miadavis0339 pfp
miadavis0339
@miadavis0339
The record outflows come despite China’s government deploying economic stimulus measures to ease investor concerns over a potential economic depression, according to the Kobeissi Letter, which added:
0 reply
1 recast
38 reactions