Bitcoin Leads Other Major World Assets With 83.8% Gain in H1 2023...

Started by FricyLer, Jul 02, 2023, 11:08 PM

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FricyLer

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Reported data shows that Bitcoin's value increased by 83.8% in the first half of 2023, ranking first and exceeding other major world assets by a significant margin. In the second position is the Nasdaq index, whose value increased by 31.7%. A 37% drop in value puts natural gas in the bottom position following the fall in the prices of other energy sources.
 
Data shows that in the first half of 2023, Bitcoin increased by 83.8%, ranking first, far exceeding other major assets in the world.
 
The Nasdaq index rose 31.7%, ranking second, and other major national stock markets rose. The price of natural gas fell by 37%, ranking the... pic.twitter.com/bou05S8aH0
 
— Wu Blockchain (@WuBlockchain) July 2, 2023
 
Bitcoin's trajectory for 2023 has been clear and with a bullish undertone. The flagship cryptocurrency kicked off the year with a strong bullish sentiment. The bitcoin price rose by 47% within the first month of the year, setting the tone for the following weeks.
 
The cryptocurrency's rise was characterized by typical declines, with support and resistance levels impacting the price change. Bitcoin's price dropped to $19,569 in March after climbing over $25,000 for the first time since August 2022.
 
Many Bitcoin analysts identified the climb above $25,000 as a significant move to confirm the end of the bear market. Despite the pullback after that, the majority of Bitcoin's proponents considered it a consolidation and an accumulation opportunity. That belief was supported by the anticipation of a bull run ahead of the next Bitcoin halving, which comes up in 2024.
 
Another phase of the bullish trend returned to the Bitcoin market in the middle of March. Bitcoin gained over 58% in about four weeks during that period, as the price surpassed the $30,000 level for the first time since June 2022.
 

 
After that surge, Bitcoin entered into another consolidation, pulling back toward the $25,000 support region. After reaching a local low of $24,756, the bullish momentum returned, with the price returning above the $30,000 price level.
 
Data from TradingView shows that Bitcoin's price at the end of June was $30,469, marking a yearly gain of over 83%. Bitcoin traded at $30,503 at the time of writing, with the positive momentum still intact.
 
Visit leading cryptocurrency exchanges:
 
#1 OKX - 24h Volume: $ 1 097 255 972.
OKX is an Hong Kong-based company founded in 2017 by Star Xu. Not available to users in the United States.
 
#2 ByBit - 24h Volume: $953 436 658.
It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit works in over 200 countries across the globe with the exception of the US.
 
#3 Gate.io - 24h Volume: $ 643 886 488.
The company was founded in 2013. Headquartered in South Korea. Gate.io is not available in the United States.
 
#4 MEXC - 24h Volume: $ 543 633 048.
MEXC was founded in 2018 and gained popularity in its hometown of Singapore. US residents have access to the MEXC exchange.
 
#5 KuCoin - 24h Volume: $ 513 654 331.
KuCoin operated by the Hong Kong company. Kucoin is not licensed to operate in the US.
 
#6 Huobi - 24h Volume: $ 358 727 945.
Huobi Global was founded in 2013 in Beijing. Headquartered in Singapore. Citizens cannot use Huobi in the US.
 
#7 Bitfinix - 24h Volume: $ 77 428 432.
Bitfinex is located in Taipei, T'ai-pei, Taiwan. Bitfinex is not currently available to U.S. citizens or residents.
 
 
My bitcoin-blog: https://sites.google.com/view/my-crypto-jam/
=)

FricyLer

A trader who nailed the end of Bitcoin's (BTC) 2021 bull market is outlining when the crypto king could witness a big burst to the upside.
 
Pseudonymous analyst Pentoshi tells his 699,400 Twitter followers that capital appears to be leaving the crypto markets.
 
However, the trader says that market conditions will likely change in the coming months just before Bitcoin witnesses its next halving event.
 
"Every day checking stablecoin (market cap) and total value locked (TVL).
 
Every day, stablecoin (market cap) goes down, TVL goes down, *MOST* altcoins TREND down.
 
When new money? SOON! Think by or around Q1 2024 BTC is screaming up...
 
Hate to think where we'd be if it wasn't for Saylor, Tether + ETF (exchange-traded fund). Maybe sub $20,000."
 

Source: Pentoshi/Twitter
 
The next Bitcoin halving is slated for April 2024.
 
In the meantime, the trader holds a bearish outlook on BTC due to two macro headwinds.
 
Pentoshi says that the recent rally in the oil markets suggests that inflation will once again rear its ugly head. He also expects regulators to hold off on approving a spot-based Bitcoin exchange-traded fund (ETF).
 
According to Pentoshi, the ensuing correction from these two factors could set up BTC for a huge rally once regulators green light a Bitcoin ETF.
 
"Maybe after ETF Delay + Hot CPI (consumer price index) print. Fake dump into pump seems likely for later ETF spot approval...
 
Has nothing to do with hope. Everything to do with paying attention (my job).
 
Have you looked at energy in the last six weeks? Oil is up 24%, which leads to everything going up. Will either see it this (CPI) print or next. Fed is now showing a hot print as well."
 
At time of writing, BTC is worth $29,098.
 
Source: dailyhodl
 
 
Cryptocurrency exchanges review:
 
#1 OKX - 24h Volume: $ 1 097 255 972.
OKX is an Hong Kong-based company founded in 2017 by Star Xu. Not available to users in the United States.
 
#2 ByBit - 24h Volume: $953 436 658.
It is headquartered in Singapore and has offices in Hong Kong and Taiwan. Bybit works in over 200 countries across the globe with the exception of the US.
 
#3 Gate.io - 24h Volume: $ 643 886 488.
The company was founded in 2013. Headquartered in South Korea. Gate.io is not available in the United States.
 
#4 MEXC - 24h Volume: $ 543 633 048.
MEXC was founded in 2018 and gained popularity in its hometown of Singapore. US residents have access to the MEXC exchange.
 
#5 KuCoin - 24h Volume: $ 513 654 331.
KuCoin operated by the Hong Kong company. Kucoin is not licensed to operate in the US.
 
#6 Huobi - 24h Volume: $ 358 727 945.
Huobi Global was founded in 2013 in Beijing. Headquartered in Singapore. Citizens cannot use Huobi in the US.
 
#7 Bitfinix - 24h Volume: $ 77 428 432.
Bitfinex is located in Taipei, T'ai-pei, Taiwan. Bitfinex is not currently available to U.S. citizens or residents.
 
 
My bitcoin-blog: https://sites.google.com/view/my-crypto-jam/blackrock
=)





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FrankJScott




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