Aurelia Butler

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  • 150 Shares169 Views

    in Cryptocurrency

    Massive ETH Whale Makes Shocking U-Turn, Dumps 14,240 ETH as BTC Skyrockets

    While Bitcoin’s surge to its ATH has brought renewed optimism to the crypto market, Ethereum’s price has not mirrored this upward trend to the same extent.According to Lookonchain which highlighted the development, the whale bought 14,233 ETH from Binance at a high price of $3,502 between May 29 and Sept. 30, spending around $49.8 million in total. However, with Ethereum’s price currently well below that level, the whale’s sell-off has resulted in a realized loss of $12.8 million.On the other side of the divide, Bitcoin whales appear to be accumulating. Lookonchain reported that 11 new wallets withdrew 1,807 BTC worth $132 million from Binance in recent hours.Another Bitcoin whale, according to Lookonchain, is currently long on BTC again via recursive borrowing. The whale has reportedly borrowed $27 million from Aave to buy 366.31 WBTC at an average price of $73,708.Meanwhile, a BTC whale is counting its losses after being liquidated for $74.98 million after shorting BTC.Ethereum likewise surged from lows of $2,420 to $2,643, printing a massive green candle in today’s trading session. At the time of writing, ETH was up 7.63% in the last 24 hours to $2,633 but down 46.23% from its all-time high of $4,891 reached on Nov. 16, 2021.According to IntoTheBlock data, 64% of Ethereum addresses remain in profit. However, this scenario presents a silver lining as Ethereum sits just above critical on-chain support levels, which may act as a buffer against further downside pressure.This article was originally published on U.Today More

  • 75 Shares149 Views

    in Cryptocurrency

    MicroStrategy (MSTR) Opens With 13% Surge

    In addition to highlighting the worth of MicroStrategy’s sizable Bitcoin holdings, the rising price of Bitcoin also highlights how successful Michael Saylor’s strategy for cryptocurrency investing is. At current prices, MicroStrategy owns about 158,245 BTC, which is worth over $11 billion. Significant profit in the company’s holdings suggests that the dollar-cost average strategy and the longer term bullish outlook for Bitcoin has worked well. MicroStrategy’s balance sheet appears to be even stronger in light of Bitcoin’s recent surge, which boosts shareholder confidence. The recent break above $75,000 on the price chart of Bitcoin suggests that there may be more bullish momentum ahead. A rally toward $80,000 and higher may be possible if Bitcoin can hold levels above this one, which could support MicroStrategy’s stock growth trajectory. The critical support levels of $68,000 to $70,000 are probably being watched by investors to see if Bitcoin maintains its strength.A move toward $80,000 would indicate a strong continuation of the bull run, which would be good for MSTR as well. In addition to highlighting the correlation between its stock price and Bitcoin, MicroStrategy’s optimistic performance points to a wider recovery trend on the cryptocurrency market. Given the increasing dominance of Bitcoin and the improving mood of the market, MicroStrategy’s stock could continue to rise and gain from the robust digital asset market. It is crucial for MSTR investors to keep an eye on Bitcoin’s key levels because any changes in the price of the cryptocurrency will probably have an immediate effect. This robust opening supports the argument for MSTR as a stand-in investment for Bitcoin exposure, providing a distinctive entry point for institutional and retail investors hoping to profit from the cryptocurrency’s surge, especially considering MicroStrategy’s strong correlation with Bitcoin’s performance.This article was originally published on U.Today More

  • 163 Shares199 Views

    in Cryptocurrency

    Former Binance CEO CZ Delivers Iconic Line as Bitcoin Breaks New All-Time High

    Many experts, traders and prominent entrepreneurs in the crypto industry began to express their opinions and projections regarding new all-time highs. However, the most iconic reaction came from former Binance CEO Changpeng Zhao, known as CZ. In a laconic, yet eloquent post, Zhao broke his silence amid Bitcoin’s record-high euphoria with a simple “gm.” It was indeed a good morning when some of the alternative cryptocurrencies, such as UNI of Uniswap or Dogecoin (DOGE), added double digits in a few hours, and Bitcoin itself renewed its historic high for the second time in a year.The entrepreneur, who was just released from U.S. jail after the Binance raid by U.S. law enforcement, said that in his opinion, the crypto market is ruled by four-year cycles. As he presented, 2013, 2017 and 2021 were all bull markets, with years before them serving as a recovery period. In this case, he suggests the idea of a real bull run in 2025, although CZ refrained from making any concrete predictions about it.On the other hand, Zhao confirmed that his long-term outlook is bullish.This article was originally published on U.Today More

  • 138 Shares119 Views

    in Cryptocurrency

    Bybit Unveils CryptoLens AI, An Innovative AI Copilot for Token Analysis

    Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to release CryptoLens AI, a new AI-powered tool developed to streamline and elevate token analysis for crypto investors. Designed to facilitate data-driven decision-making, CryptoLens AI redefines user experience with AI-powered clarity, providing busy traders with straightforward and comprehensive insights in their search for signals amidst the noise in the fast-paced digital asset market. Tasked with analyzing vast data across vectors and simplifying technicalities with large language models, Bybit’s CryptoLens AI complements users’ research into their token of choice. At its core, the powerful tool integrates advanced quantitative analysis in each evaluation to streamline the otherwise labor intensive and time consuming research process.A score is assigned based on a matrix of six factors: social engagements, team and funding, on-chain activity, token activity on Bybit, liquidity and dispersion, and token security. The powerful AI copilot allows users to take a macro view based on concrete token metrics and more nuanced variables, empowering them to rise above the hype. Key Features:The tool is now available for free for registered users on Bybit. Users can discover the potential of CryptoLens AI and take control of their token analysis with confidence: Bybit CryptoLens AI.#Bybit / #TheCryptoArkAbout BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle (NYSE:ORCL) Red Bull Racing team.For more details about Bybit, please visit Bybit PressFor media inquiries, please contact: media@bybit.comFor more information, please visit: https://www.bybit.comFor updates, please follow: Bybit’s Communities and Social MediaContactHead of PRTony AuBybittony.au@bybit.comThis article was originally published on Chainwire More

  • 113 Shares169 Views

    in Economy

    How to devalue the dollar (a guide for Trump)

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 88 Shares99 Views

    in Economy

    Economists warn Trump’s policies will trigger inflation

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 138 Shares109 Views

    in Economy

    Markets called Trump right — but what do they do now?

    Standard DigitalStandard & FT Weekend Printwasnow $29 per 3 monthsThe new FT Digital Edition: today’s FT, cover to cover on any device. This subscription does not include access to ft.com or the FT App.What’s included Global news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts10 monthly gift articles to shareGlobal news & analysisExpert opinionFT App on Android & iOSFT Edit appFirstFT: the day’s biggest stories20+ curated newslettersFollow topics & set alerts with myFTFT Videos & Podcasts20 monthly gift articles to shareLex: FT’s flagship investment column15+ Premium newsletters by leading expertsFT Digital Edition: our digitised print editionEverything in PrintWeekday Print EditionFT WeekendFT Digital EditionGlobal news & analysisExpert opinionSpecial featuresExclusive FT analysisPlusEverything in Premium DigitalEverything in Standard DigitalGlobal news & analysisExpert opinionSpecial featuresFirstFT newsletterVideos & PodcastsFT App on Android & iOSFT Edit app10 gift articles per monthExclusive FT analysisPremium newslettersFT Digital Edition10 additional gift articles per monthMake and share highlightsFT WorkspaceMarkets data widgetSubscription ManagerWorkflow integrationsOccasional readers go freeVolume discountFT Weekend Print deliveryPlusEverything in Standard DigitalFT Weekend Print deliveryPlusEverything in Premium Digital More

  • 100 Shares99 Views

    in Economy

    Key investor takeaways as Trump secures election comeback

    In notes on Wednesday, analysts from Bank of America and Morgan Stanley (NYSE:MS) highlighted economic shifts that may impact markets.The future of fiscal policy remains uncertain, largely dependent on whether Republicans gain control of the House of Representatives. Bank of America notes that a Republican sweep could lead to a “more expansionary” fiscal policy, which may involve extending key tax cuts under the Tax Cuts and Jobs Act (TCJA).However, a divided government would require bipartisan agreement, potentially limiting deficit growth.Morgan Stanley emphasizes that control of the House is critical, as it will influence how market expectations evolve, especially for U.S. Treasury yields.Both banks anticipate an immediate shift towards higher tariffs, with BofA projecting that tariffs on Chinese imports will likely increase “in short order.”Morgan Stanley agrees, noting that trade actions could extend to Europe and Mexico as well. Unlike Trump’s first term, analysts suggest that tariffs could take priority over fiscal stimulus, potentially challenging economic growth while reinforcing a “strong dollar” policy.”The former president has stated a preference for a weaker US dollar. But we think the policies Trump has advocated for likely lead USD higher, as it did overnight,” said the bank. “This fundamental rationale is due to increased tariff risk, geopolitical uncertainty, and expectations for a moreexpansionary fiscal agenda.”On deregulation, BofA sees a likely reduction in regulatory burdens, especially in sectors like energy and financial services, which could serve as a growth catalyst. However, restrictions on immigration could impact labor supply and slow GDP growth, potentially affecting industries reliant on immigrant labor.The dollar has strengthened following the news as investors price in tariffs and deficit expansion. U.S. Treasury yields also climbed, with BofA projecting a trading range for the 10-year yield between 4.25% and 4.75% More