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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

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    PENGU token loses 20% in August amid Pudgy Party game launch

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    OKX Wallet Taps Shaga to Offer Secure Web3 AAA Gaming

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    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    SoonVerse Partners with Arris to Enhance User Experience

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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

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    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    NFT sales plunge to $129.6m, Pudgy Penguins jump 63%

    PENGU token loses 20% in August amid Pudgy Party game launch

    PENGU token loses 20% in August amid Pudgy Party game launch

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

    Blue chip NFTs sink double digits as ETH retreats from record highs

    Blue chip NFTs sink double digits as ETH retreats from record highs

    What’s Behind the Double-Digit Declines?

    What’s Behind the Double-Digit Declines?

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    Telegram NFT Gifts Hit $57M in Sales as Users Rush In

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

    Ethereum Rules With $56.57M Sales, Solana and Polygon Compete

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    OKX Wallet Taps Shaga to Offer Secure Web3 AAA Gaming

    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

    Climb the SCOR Invitational Leaderboard and Earn Bigger $SCOR Airdrops

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    Pudgy Penguins Game ‘Pudgy Party’ Launches on iOS and Android

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    Pudgy Penguins and Mythical Games Launch Pudgy Party Game

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

    KuCoin Pay Joins Forces with 2Game Digital to Drive Web3 in Gaming

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    GaFin Joins Cyber Crash to Advance Web3 Gaming

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    Buzzy Ethereum Game Football.fun Has Soccer Fans Scoring Crypto Gains

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Stability World AI Adds Games to Transform the Future of Web3 Gaming

    Play Solana to ship handheld gaming device in October

    Play Solana to ship handheld gaming device in October

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

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    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

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    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What Is Volatility in Crypto? Why It Happens and How to Stay Safe

    What is Cloud Mining? A Beginner’s Guide

    What Is Cloud Mining in Crypto? Everything You Need to Know to Start

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    What Are Bitcoin Runes and RunesDEX? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    6 Under-$1 Utility Tokens with Real-World Use to Watch in the 2025 Bull Run

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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From Michael Saylor’s tweets to Tether’s impact: Bitcoin turning bullish?

August 21, 2024
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From Michael Saylor’s tweets to Tether’s impact: Bitcoin turning bullish?
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  • Michael Saylor’s statement was in line with what the Bitcoin MACD indicator showed.
  • Tether treasury mints $1B USDT with zero fees.

The founder and former Microstrategy CEO, Michael Saylor’s tweet, “By my calculations, Bitcoin [BTC] is going up forever,” resonated strongly with the crypto community, fueling anticipation for a 2024 bull run.

Saylor’s comments coincided with 60% of top US hedge funds gaining Bitcoin exposure in the first half of 2024. This surge in institutional interest has driven up Bitcoin ETF prices and Bitcoin itself. 

On the charts, Bitcoin has shown intention to go higher after wicking above the 4-hour resistance while the 3-day chart shows a bullish double bottom with a significant engulfing candle, indicating a strong upward momentum.

Source: Tardigrade/TradingView

Moreover, Bitcoin MACD indicator on the daily time frame began forming a bullish pattern five days ago and has now fully flipped bullish. 

The market has steadily moved towards a bullish convergence on the MACD, signaling potential upward momentum. 

This shift in the MACD suggests a strengthening trend that could lead to further gains, as more traders are starting to notice this bullish signal.

Source: CryptoQuant

Tether treasury mints another $1B USDT

Tether, which operates like the Federal Reserve of crypto, influencing market trends whenever new USDT is minted. Tether Treasury minted $1 billion USDT on TRON with zero fees. 

During the latest Bitcoin correction, Tether’s printers were highly active as Whale Alert noted on X with the total minted USDT distributed as $85 million transferred to Bitfinex and $50 million to an unknown wallet. 

Source: Arkham

The continued minting of USDT is expected to drive Bitcoin prices higher in the upcoming bull market.

See also  Native Bitcoin to be available on DeFi for the first time, details here

Strong accumulation as open interest rises

Bitcoin is in a strong accumulation phase, with Metaplanet purchasing 500 million Yen ($3.4 million) worth of Bitcoin, raising its holdings to 360.368 BTC as Karan Singh noted on X.

This move, alongside rising institutional confidence, has driven Metaplanet stocks up by 13%. Additionally, Glassnode reports that the Bitcoin accumulation index has peaked at 1.0, indicating a surge in buying activity.

Source: Glassnode

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Read Bitcoin’s [BTC] Price Prediction 2024-25


Investors are increasingly accumulating more positions following BTC’s open interest increase by 5%, driven by leverage.

Source: CryptoQuant

Historically, leverage-fueled pumps have often led to price reversals, though there’s no certainty it will happen again. 

Previous: Trump Jr. teases major crypto update as Donald Trump reclaims polling lead
Next: Aptos analysis: Bearish signs emerge despite price recovery

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Michael Saylor’s statement was in line with what the Bitcoin MACD indicator showed.
  • Tether treasury mints $1B USDT with zero fees.

The founder and former Microstrategy CEO, Michael Saylor’s tweet, “By my calculations, Bitcoin [BTC] is going up forever,” resonated strongly with the crypto community, fueling anticipation for a 2024 bull run.

Saylor’s comments coincided with 60% of top US hedge funds gaining Bitcoin exposure in the first half of 2024. This surge in institutional interest has driven up Bitcoin ETF prices and Bitcoin itself. 

See also  Tracing Bitcoin's roadmap to $64,300 and what can spur this price rally

On the charts, Bitcoin has shown intention to go higher after wicking above the 4-hour resistance while the 3-day chart shows a bullish double bottom with a significant engulfing candle, indicating a strong upward momentum.

Source: Tardigrade/TradingView

Moreover, Bitcoin MACD indicator on the daily time frame began forming a bullish pattern five days ago and has now fully flipped bullish. 

The market has steadily moved towards a bullish convergence on the MACD, signaling potential upward momentum. 

This shift in the MACD suggests a strengthening trend that could lead to further gains, as more traders are starting to notice this bullish signal.

Source: CryptoQuant

Tether treasury mints another $1B USDT

Tether, which operates like the Federal Reserve of crypto, influencing market trends whenever new USDT is minted. Tether Treasury minted $1 billion USDT on TRON with zero fees. 

During the latest Bitcoin correction, Tether’s printers were highly active as Whale Alert noted on X with the total minted USDT distributed as $85 million transferred to Bitfinex and $50 million to an unknown wallet. 

Source: Arkham

The continued minting of USDT is expected to drive Bitcoin prices higher in the upcoming bull market.

Strong accumulation as open interest rises

Bitcoin is in a strong accumulation phase, with Metaplanet purchasing 500 million Yen ($3.4 million) worth of Bitcoin, raising its holdings to 360.368 BTC as Karan Singh noted on X.

This move, alongside rising institutional confidence, has driven Metaplanet stocks up by 13%. Additionally, Glassnode reports that the Bitcoin accumulation index has peaked at 1.0, indicating a surge in buying activity.

Source: Glassnode

 

See also  Bitcoin - Should miners now rethink their strategies? Only if...

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Read Bitcoin’s [BTC] Price Prediction 2024-25


Investors are increasingly accumulating more positions following BTC’s open interest increase by 5%, driven by leverage.

Source: CryptoQuant

Historically, leverage-fueled pumps have often led to price reversals, though there’s no certainty it will happen again. 

Previous: Trump Jr. teases major crypto update as Donald Trump reclaims polling lead
Next: Aptos analysis: Bearish signs emerge despite price recovery
Tags: BitcoinBullishimpactMichaelSaylorsTethersTurningTweets

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