Pizzino warns that the bull market in cryptocurrencies may be ending soon. He highlights increased volatility as a key indicator of market cycle completion. Continue Reading: Experts Warn About the End of the Bull Market in Cryptocurrency The post Experts Warn About the End of the Bull Market in Cryptocurrency appeared first on COINTURK NEWS .
According to a recent update by Greek.Live analyst Adam, the crypto market experienced significant activity as 150,000 BTC options expired today. This event recorded a Put Call Ratio of 0.69
Binance support for Optimism network upgrade aims to improve performance and user experience. On Jan. 10, 2025, at 2:00 (UTC+8), Binance announced its support for the Optimism ( OP ) network upgrade and hard fork. To facilitate the upgrade, Binance will temporarily halt token deposits and withdrawals on the OP network starting from 1:00 (UTC+8) on the same day. The OP network upgrade is designed to enhance the network’s user experience, scalability, and overall performance. Binance has assured users that the trading of tokens supported by the OP network will remain unaffected during this period. A major update or modification to a blockchain network’s protocol that is incompatible with earlier versions is known as a hard fork . This implies that all network participants must update their software to the most recent version to continue engaging in network activities. Hard forks often resolve security vulnerabilities, introduce new features, or boost the network’s scalability and efficiency. Hard forks have historically played a pivotal role in the development of blockchain technology. For instance, the “Merge” transitioned Ethereum to a proof-of-stake consensus mechanism, while the “London” update introduced EIP-1559, which replaced the traditional auction-based fee model with a base fee that is burned (removed from circulation) and an optional priority fee (tip) for faster transactions. This improved gas fee predictability and added a deflationary element to Ethereum’s ( ETH ) supply. These enhancements highlight the importance of continuous innovation and security in blockchain networks. You might also like: Binance announces Fantom to Sonic token swap and rebranding timeline Users should note that deposits and withdrawals on the OP network will be paused from 1:00 (UTC+8) on Jan. 10, 2025. To avoid any inconvenience, users are advised to complete necessary transactions in advance. Binance will handle all technical requirements for the upgrade, ensuring a seamless experience for users. Deposits and withdrawals will resume automatically once the network has stabilized, with no further announcements needed. Users are also encouraged by Binance to keep up with the upgrade and make sure to read the official upgrade announcement by the OP network as well. for the most up-to-date information. Users are also cautioned to be on the lookout for any fraud or false information related to the upgrade. You might also like: Grayscale launches Lido DAO and Optimism Trust
Binance support for Optimism network upgrade aims to improve performance and user experience. On Jan. 10, 2025, at 2:00 (UTC+8), Binance announced its support for the Optimism (OP) network upgrade and hard fork. To facilitate the upgrade, Binance will temporarily…
Bitwise has made a significant move in the crypto investment space by filing for the “Bitcoin Standard Corporations ETF” focused on companies with large Bitcoin holdings. This ETF is aimed
Dan Morehead, founder and managing director of Pantera Capital, a cryptocurrency hedge fund, predicts a significant Bitcoin bull market in 2025 due to the Bitcoin halving and favorable macroeconomic conditions. Morehead, who has been investing in Bitcoin since 2013 when it was just $65, expressed his belief in the four-year Bitcoin cycle in a recent interview. Morehead argues that the Bitcoin halving, a pre-programmed event that slows down the rate at which new Bitcoins are created, is the primary driver of these cycles. He compares the halving to the closure of half of the world’s copper mines, an event that would undoubtedly cause copper prices to rise. He notes that miners typically sell off their Bitcoin holdings to cover operating costs, and the halving effectively squeezes supply while demand remains constant, sending prices soaring. Related News: Company CEO Talks About Bitcoin: “People Want to Hold More Bitcoin, Not Less” While Morehead acknowledges that the impact of each halving diminishes over time, it remains important in the current market. He cited Pantera Capital’s accurate predictions for previous halving cycles, including an accurate prediction for Bitcoin’s price on August 15, 2020. Based on its data, Pantera predicts that the low point of the current cycle occurred approximately 400 days before the most recent halving (April 19, 2024), with the peak occurring approximately 480 days later, around August 2025. Morehead also touched on the interaction between macroeconomic factors and Bitcoin. He expressed skepticism about the Fed’s ability to lower interest rates, citing a growing economy, low unemployment, and high wage inflation. He believes current interest rates are appropriate given the economic climate. He also voiced concerns about the US’s $2 trillion budget deficit, even in times of economic prosperity, hinting at potential future economic challenges. While he did not explicitly link this to a positive Bitcoin outlook, he did imply that these macroeconomic conditions create a favorable environment for cryptocurrencies. *This is not investment advice. Continue Reading: Pantera Founder Reveals His Bullish Prediction for Bitcoin and Cryptocurrencies
Tether has made its first dive into the world of venture capital by injecting $2 million into Arcanum Capital’s fund, which focuses on developing blockchain-based Web3 projects. According to a recent press release, major stablecoin issuer Tether (USDT) has invested…
Tether has made its first dive into the world of venture capital by injecting $2 million into Arcanum Capital’s fund, which focuses on developing blockchain-based Web3 projects. According to a recent press release , major stablecoin issuer Tether ( USDT ) has invested $2 million into the venture capital space through Arcanum Capital’s Arcanum Emerging Technologies Fund II. The fund is a part of DigitalArray, focusing its efforts on developing decentralized technologies. Arcanum Capital plans to use Tether’s investment to develop Web3-centered projects that seeks to combine AI and blockchain technology, build on the Bitcoin ( BTC ) ecosystem and create innovations in crypto payments among others. On the other hand, a portion of the Arcanum fund will be allocated to improving the utilization of USDT for payments, as well as accelerating work on projects that use Holepunch technology. Holepunch is a platform for building peer-to-peer apps, backed by Bitfinex, Tether, and Hypercore. This marks Tether’s first foray into the world of venture capital, indicating a significant shift in contributing towards the growth of venture capital through the blockchain space. You might also like: Tether CEO denies rumors of Tether building a blockchain CEO of Tether, Paolo Ardoino, expressed optimism towards the collaboration with Arcanum Capital. He believes the partnership between the two companies will result in innovative tools that could empower people in times of uncertainty. “In a world increasingly shaped by geopolitical tensions and macroeconomic uncertainty, the need for resilient technology to safeguard our freedoms has never been more crucial,” said Ardoino in a statement. Managing Partner of Arcanum Capital, James McDowall, said Tether’s investment is in line with Arcanum’s goal to create transformative technologies that further innovate the blockchain space. “We are honored to have Tether as a founding investor in our second fund. Their contribution not only signals a strong vote of confidence in us as asset managers, but also validates our unique mission and approach,” said McDowall. Earlier this month, Tether’s CEO unveiled areas the firm has invested in. Some of these areas in include Bitcoin mining, TradFi, and commodity trade. Since Arcanum Capital is the first time Tether has invested into a venture capital fund, time will tell if the stablecoin intends to make similar investments in the future. You might also like: Tether CEO unveils updated stablecoin portfolio roadmap: Bitcoin mining, TradFi and commodity trading
Macro guru and Real Vision CEO Raoul Pal believes Ethereum ( ETH ) is gearing up for an explosive move. In a new YouTube strategy session, Pal says that the leading smart contract platform by volume is forming a bullish wedge pattern on its weekly chart, setting the top altcoin up for a breakout. “The weekly chart of Ethereum hasn’t yet broken out, but it’s very close. So whether we break out this month, which is my hunch, and then maybe retest in the January pullback from liquidity, or we pull back here for a bit and then explode through afterward, either way, that chart, that wedge pattern, to me, is one of the most powerful patterns in all of crypto and suggests we’ve got a very big move in Ethereum to come.” Source: Raoul Pal/YouTube Pal also believes that Ethereum paired against Bitcoin (ETH/ BTC ) could shoot up based on the ISM Manufacturing Index, which is viewed as an indicator of the health of the US economy. “The business cycle is the coincident factor for the Ethereum/Bitcoin cross. So that says as the ISM starts rising ETH starts outperforming Bitcoin. And why is that? Well, it’s a function of ISM being confidence in the economy, disposable income or free cash flows from businesses. People have more money and feel better and have more confidence as the ISM goes up. The business cycle’s better. We’re earning a bit more. Our businesses are doing better, we’re making a bit more profit. And we recycle those profits into investments, and we go further out in the risk curve, which would be Ethereum.” Source: Raoul Pal/YouTube The former Goldman Sachs executive goes on to note that ETH/BTC is also forming a bullish wedge on its weekly chart. “It’s another wedge. This is the ETH/Bitcoin weekly cross. Look at the big picture. ETH basically is at the same level versus Bitcoin that it was in 2017. It has held value over time, which is very important. It shows that this thing is around and it’s here to stay. So what we’re doing is bouncing off the bottom channel now, just as the ISM is about to pick up, and we either break that wedge, which is a big deal, because that would be ETH outperforming Bitcoin even further, or we stay in that larger range but get to the top of the range. My base case is we breakout and ETH outperforms.” Source: Raoul Pal/YouTube ETH/BTC is trading for 0.03501 BTC ($3,354) at time of writing. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘One of the Most Powerful Patterns in All of Crypto’: Raoul Pal Says Ethereum Signaling Very Big Move Ahead appeared first on The Daily Hodl .
Victoria, Seychelles, December 27th, 2024, Chainwire Bitget , the leading cryptocurrency exchange and Web3 company, has announced the pre-market launch of BIO Protocol (BIO) , enabling users to trade BIO ahead of its official spot trading debut. This pre-market initiative offers a streamlined environment for buyers and sellers to engage in trading before the token’s spot listing, ensuring early access and liquidity for participants. The pre-market trading period for BIO/USDT will run from 25th December 2024, 09:00 (UTC) to 3rd January 2025, 09:30 (UTC). Following this, spot trading will commence at 10:00 (UTC) on 3rd January 2025, with settlement deliveries beginning at 11:00 (UTC) and concluding by 15:00 (UTC) on the same day. Users can access pre-market trading for BIO/USDT via the designated link . Bitget’s pre-market trading platform supports two transparent and efficient settlement methods, ensuring users can participate with confidence: Coin Settlement: From the delivery start time, the system periodically executes deliveries, matching sell orders with adequate token balances to corresponding buy orders. For sell orders lacking sufficient tokens, settlements or compensation are processed by the delivery end time. USDT Settlement: Orders are settled at the delivery end time, using the average index price from the last ten minutes as the execution price, providing fairness and clarity. These settlement mechanisms reflect Bitget’s commitment to offering a secure and transparent trading environment for all users. BIO Protocol is an innovative network accelerating biotech advancements by enabling early-stage funding for scientific ventures. Designed to empower patients, scientists, and biotech builders, the protocol facilitates the collective funding, building, and ownership of tokenized biotech portfolios. By converging funding, incentives, and liquidity, BIO Protocol is fostering the development of an on-chain scientific economy, transforming the biotech landscape. The launch of BIO Protocol (BIO) on Bitget’s pre-market platform underscores the exchange’s mission to provide access to emerging, high-impact projects that align with technological and economic innovation. More details on BIO Protocol (BIO) and pre-market trading, users can find here . About Bitget Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 45 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA , in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@bitget.com Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to the Terms of Use . Contact Public Relations Media Bitget media@bitget.com