Crypto news

Bitcoin Volatility Falls Below Nasdaq And S&P 500 For First Time Since 2018 

Despite continuing to move in the same direction as traditional markets, Bitcoin (BTC) has recently demonstrated growing resistance to rising yields and a stronger US Dollar. Additionally, for the first time since 2018 Bitcoin's rolling volatility over 20 days has dropped below that of the S&P 500 and the Nasdaq equities indices. The Nasdaq's volatility is lower than that of Bitcoin due to riskier tech firms and a stronger connection to the cryptocurrency market.

Nokia Thinks That Metaverse Will Cut Out Smartphones In The Future 

Nokia, one of the pioneers in the development of consumer-grade mobile phone systems, now holds the view that the metaverse will lead to a decline in the use of phones. VR headsets and AR glasses will be used to power these metaverse experiences, enabling users to engage in activities. In the second half of the decade, metaverse experiences will supersede phones as the main means of communication, while phones will still exist.

In the weekly tf price made a double bottom.. but it's a break above 25k that will confirm it, next stop 30k.. on the other hand if price closes below 23500k the market will dump more

BNB Chain Launches Zero-knowledge Proof Scaling Technology In New Announcement 

The Layer 1 BNB chain on Binance has revealed its own ZK proof scaling technique, dubbed zkBNB. While leveraging ZK SNARKs for quicker transactions per second (TPS), finality, cheaper transaction costs, and scalability (the likes of which has not been seen previously in the market), zkBNB aims to retain security from its foundation layer. On September 2, zkBNB's testnet went live. The mainnet is expected to launch before the end of 2022

Leading Russian Lawmaker Supports International Crypto Payments Legalization 

Anatoly Aksakov, chairman of the State Duma's Financial Market Committee, thinks a legalized framework for cross-border crypto settlements is essential. Anatoly Aksakov has been an active participant in these efforts, and the lower house of the Russian parliament is anticipated to study draft legislation concerning cryptocurrencies this fall, including a new bill "On Digital Currency.

Cardano Reaches “Important Milestone” on Road to Vasil Upgrade

According to a recent announcement, Input Output has released Cardano node 1.35.0.

The leading Cardano developer says that the release of the node is an “important milestone” on the road to the Vasil hard fork.

The team of developers is now preparing for the release of the Cardano testnet. The testnet update proposal will be submitted as soon as 75% of all stake pool operators get on board, thus ensuring the required level of chain density.

As reported by U.Today, the Vasil hard fork was originally scheduled to launch in late June, but it has since been postponed. According to the updated schedule, it is now expected to happen in late July.

2022 bear market has been the worst on record — Glassnode
Recent on-chain analysis by Glassnode has shown that the current Bitcoin bear cycle is playing out as the worst one in history.

2022 bear market has been the worst on record — GlassnodeNEWS
Several factors have contributed to making the current crypto bear market the worst ever recorded as most Bitcoin (BTC) traders are underwater and continue to sell at a loss, according to Glassnode.

Blockchain analysis firm Glassnode’s Saturday report titled “A Bear of Historic Proportions” outlines how Bitcoin’s current dip below the 200-day moving average (MA), negative deviation from realized price and net realized losses have conspired to make 2022 the worst in Bitcoin’s history:

“In the midst of this, Bitcoin and Ethereum have both traded below their previous cycle ATHs which is a first in history.”
The first and most obvious indication of a bear market is when the spot price of Bitcoin (BTC) falls below the 200-day MA and an even more extreme scenario, the 200-week MA. To highlight how rare the current price levels are, Glassnode showed that during the 2022 bear market, Bitcoin has fallen below half the 200-day MA level.

Bitcoin price has fallen below 0.5 MM for the first time since 2015: Glassnode
Glassnode also demonstrated that falling below 0.5 the Mayer Multiple (MM) is an exceedingly rare occasion that hasn’t happened since 2015. The MM factors in price changes above and below the 200-day MA to show overbought or oversold conditions. The report states, “Only 84 out of 4160 trading days (2%) have recorded a closing MM value below 0.5:”

“For the first time in history, the 2021-22 cycle has recorded a lower MM value (0.487) than the previous cycle’s low (0.511).”
Confirming the severity of current market conditions is the spot price falling below the realized price, which has forced traders to increasingly sell their coins at a loss. Glassnode noted that such a cascade effect is “typical of bear "

US Hispanic Grocery Stores Will Install More Than 50 Cryptocurrency ATMs 

Cardenas Markets, the largest chain of Hispanic supermarkets in the United States, has announced a cooperation with Coin Cloud, the operator of digital currency machines (DCMs), to install crypto ATMs throughout all 59 of its locations in the states of Nevada, California, and Arizona. Customers of Cardenas Markets will have the option of purchasing and selling Bitcoin (BTC) as well as more than 40 other cryptocurrencies, including $ETH, $ADA, $DOGE, and $SHIB.

Bitcoin Might Exceed $100,000 Within 12 Months, According To Nexo's Founder
In an interview with CNBC, Antoni Trenchev, the founder of cryptocurrency lender Nexo, predicted that Bitcoin will reach $100,000 in the next 12 months, albeit he expressed caution about Bitcoin's short-term prospects. When the Federal Reserve begins to unwind its massive monetary stimulus program, Antoni Trenchev did not rule out the possibility that Bitcoin would collapse in line with traditional financial market

Despite The Market Dip, Raoul Pal May Start Buying Cryptocurrency Next Week 

Raoul Pal, the CEO of Global Macro Investor, believes the crypto markets will bottom in the next five weeks and that he may begin purchasing aggressively as soon as next week. Raoul Pal made a technical comparison between the current bear market to the massacre in the cryptocurrency market in 2014. Then, he goes on to claim that the current market crash could be a 10x increase opportunity for many investors.

Shoot a Dm to register & join the account growth challenge with HETA.
ROAD TO $12,000 with $200 capital.
Imagine what $12k/ could do for you on December.. This challenge is for world wide no matter your country

LIMITED SLOTS AVAILABLE

Sheessh! Let’s go 🚀

Note: You must not know about Crypto/Fx ❌, Just have required capital & discipline - You’ll be taught how to input signals, Do BreakOut Evens, TrailingStop
📉📈

El Salvador Has Suffered No Losses Due To Bitcoin Price Drop
El Salvador's finance minister, Alejandro Zelaya, has responded to the multiple recent media attacks on the country's Bitcoin (BTC) investment strategy. The official emphasized the unfairness of claims that the country's budget had lost roughly $40 million as a result of the Bitcoin rate drop. He claims that the alleged loss of $40 million has not occurred because the coins have not been sold