Bitcoin crosses $50k

MrTop

EOG Master
china stocks on the move.. the country has their act together after covid... india stocks wait till modi gets elected again. june 4.....long term will not miss.
 
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Patrick McIrish

OCCams raZOR
Raiders, or anyone else with knowledge......

Binance is going to stop handling XRP, is that telling me what I think it's telling me.

Hasn't been long but so far price actually went up a little.
 

Patrick McIrish

OCCams raZOR
August and September are generally not great months to begin with, Mt Gox situation isn't helping.

I don't think it's going under 50K though and by end of year it's 100K or more.

In the short term Flip-flop around and a serious run begins late September or so.......
 

MrTop

EOG Master

Bitcoin ETFs Herald Less Febrile Token Longer Term, Traders Say​

  • Inflows into US funds helped to steady Bitcoin after a selloff
  • Token’s volatility tops stocks, gold but the gap is narrowing
  • Bitcoin started the week nursing a slump that stoked fears of outflows from dedicated US exchange-traded funds. Instead dip buyers poured in cash, a pattern that for some points to a less volatile token longer term.

    A net $737.5 million was added to the 11 ETFs in the four days to Thursday, steadying Bitcoin near $58,000 after a drop to $53,602 on July 5 amid sales of seized tokens and fears of disposals by creditors of the failed Mt. Gox exchange.

    Market participants argue the ETFs from titans including BlackRock Inc. and Fidelity Investments offer the type of bedrock demand that can temper price swings. The six-month-old portfolios have amassed about $51 billion in assets — more than 4% of Bitcoin supply — and feature hedge funds and wealth advisers as top holders. Such specialist institutions are a contrast to the individual investors lured to crypto in earlier years as a get-rich-quick trade.
“The increasing institutionalization of Bitcoin ownership will, over time, lead to decreasing volatility,” said Richard Galvin, co-founder of hedge fund DACM. Products like ETFs introduce a category of investor that is “more likely to undertake counter-cyclical buying,” he added.

Declining Trend​

Gauges of Bitcoin swings have already trended lower in the past decade, though they remain higher than for assets such as stocks or gold. For example, the gap between 180-day measures of realized volatility for the token and the yellow metal has narrowed by over 100 percentage points during the period to 28 percentage points.
 
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Patrick McIrish

OCCams raZOR
You are correct Top, he's slated to speak at the BitCoin 2024 get-together in Nashville later this month.

Assassination attempt? Who cares, the American hero and icon that is Donald Trump can not be swayed.
 

MrTop

EOG Master
IBIT --- Bitcoin blackrock ---+9.5% today....expense ratio... 0.12%

bitcoin coinbase +4.87% today


ask your accountant which fed tax is more


black rock continues to get money off the dip
 

howid

EOG Dedicated
wtf



titled

LIVE: Elon Musk Reveals Insights on Trump Assassination Attempt and Election Support


either mislabeled or deleted for whatever reason ...
 
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