Rage against the Crypto

#Write2Earn‏ #BTC

Bitcoin breaks $50,000 mark for first time in two years

Bitcoin hits highest level in over two years as investors anticipate broader trading approval and positive market momentum.

Bitcoin has spiked above $50,000 for the first time in more than two years as investors grow optimistic that US approval of broader trading in the unit will ramp up demand.

The advance on Tuesday saw it hit as much as $50,328, according to Bloomberg data, its highest level since late 2021.

And observers were optimistic about the outlook.

"Enthusiast buyers bring in more enthusiast buyers, pushing prices further up," Fadi Aboualfa of Copper Technologies said.

"The cryptocurrency has momentum on the back of several green weeks and has a large chance of going up further when markets see weekly movements upwards of 10 percent (as we saw last week)."

Yes, Crypto is ALL a Scam

Big Crypto firms have been buying and selling”nothing" for so long, mostly in return for different lumps of “nothing,” that many have genuinely come to believe that taking Nothing, giving it a name — and sometimes a story — combined with a little bit of trading back and forth with friends, gives “nothing” enormous value. Whether huge valuations for “nothing” tokens came from simply pumping up the market price of old school cryptocurrencies or creating complex DeFi (Decentralised Finance) structures, the belief in the value of Nothing makes is easy to lose sight of the fact of the underlying reality: it is the inflow of real money rather than “the technology,” “the community,” “the network” or “freedom” that gives crypto assets value.
#BitcoinETF💰💰💰
#Write2Earn
#CryptocurrencyWarning
#rage_against_the_crypto
#cryptoWorld

#Dogecoin2024

Dogecoin (DOGE) shines as Elon Musk’s X prepares to launch P2P payments

According to the latest post on X platform's official blog, it will launch peer-to-peer payments this year; the option was listed among other areas of the company's focus for the year 2024. As stated in the post, the payments would unlock "more user utility and opportunities for commerce." The crypto community's attention is now drawn to Dogecoin (DOGE), as Elon Musk, the owner of the X platform, has endorsed the dog-themed coin numerous times, saying that it is better suited for payments than Bitcoin (BTC). However, the details on how the peer-to-peer payments will work on X and when they will officially launch remain unknown.

Bitcoin (BTC) Dominance Is Weak - Altcoins Await

Bitcoin (BTC) could make one more try for a new local high at $50,000, or it could stay in a range around the current price. The latter scenario could potentially be very positive for altcoins.

The bitcoin dominance chart is extremely important for gauging the likelihood of a move up or down for the altcoins. Currently, the chart looks weak. A lower high, followed by a lower low in dominance leaves the percentage of total money spread across the entire ecosystem at a critical juncture.

If bitcoin dominance should drop the support at 51%, the next area of support is at just under 49%. Below this, the next major support comes in at 44.4%, and then, should altcoins really rage against $BTC , 39% would be a bottom level of support.

While the lower support levels are probably unlikely to be found any time soon, a dominance drop to 49% could present the altcoins with room to increase their prices against bitcoin, at least for a while.

#AltcoinBoom #btc #rage_against_the_crypto

The Rising Influence of VC Spectra and the Future of SOL :

*Solana (SOL) rallies 8% to $73.47, fueled by its integration with Ondo Finance for decentralized finance (DeFi). This move expands SOL’s utility, leveraging U.S. Treasury-backed tokens.

Meanwhile, VC Spectra (SPCT) garners attention with an 862.5% surge in demand, redefining the crypto sphere.

Solana’s (SOL) price surged 23% to $105.25 due to the integration of Ondo Finance’s U.S. Treasury-backed tokens, expanding utility for decentralized finance.

VC Spectra’s (SPCT) decentralized hedge fund model, raising $2.4 million in private seed sales and experiencing an 862.5% surge in public presale, highlights its unique approach and potential.

#Solana-SOL #SPCT