Pourquoi le prix du THETA a augmenté de 180 % en deux semaines, surpassant même celui de Bitcoin

Le prix du thêta a gagné 180 % en deux semaines seulement, car plusieurs annonces très attendues étaient à l’origine du rallye.

Le réseau Theta est un protocole qui permet aux utilisateurs de regarder des contenus numériques, comme les esports, en utilisant la chaîne de blocage. Le jeton natif du protocole, THETA, a augmenté de 180 %, passant de 0,867 $ à 1,92 $ en deux semaines, entre le 20 décembre et le 2 janvier, pour dépasser même le bitcoin (BTC), qui Bitcoin Trader continue à s’envoler vers de nouveaux sommets de découverte des prix.

Généralement, les jetons natifs des protocoles en chaîne ont tendance à prendre de la valeur après des annonces très médiatisées.

Theta a publié ses plans pour introduire Theta Mainnet 3.0 au printemps 2021. La mise à niveau du protocole permet au réseau de capturer des vidéos en direct et de permettre la diffusion en continu, en plus de la visualisation d’autres vidéos sur la plate-forme.

L’équipe de développement de Theta Mainnet 3.0 a expliqué que la technologie „EdgeCast“ permettrait la diffusion en continu en direct sans serveur central. L’équipe a expliqué :

„Cette nouvelle pile technologique entièrement décentralisée ajoute la possibilité de capturer des vidéos en direct, de les transcoder en temps réel, de les mettre en cache et de relayer les données vidéo en streaming en direct aux utilisateurs du monde entier – tout cela par le biais du réseau P2P de Theta, géré par des milliers de membres de la communauté. Aucun serveur ou service central n’est utilisé dans ce pipeline“.

Deux éléments majeurs de cette version mainnet sont l’introduction des Elite Edge Nodes et le TFuel burning.

En termes simples, les Elite Edge Nodes symbolisent la largeur de bande Internet. En jalonnant le combustible Theta (Tfuel), qui est un autre jeton natif de la chaîne de blocs Theta, les utilisateurs peuvent gagner plus de Tfuel. Ce processus est appelé „uptime mining“.

Le Tfuel a été essentiellement largué par avion aux détenteurs de jetons Thêta existants en 2019, lors de son lancement. Le jeton Thêta est le jeton de gouvernance de la chaîne de blocage, et le carburant Thêta est le jeton de gaz qui est utilisé pour payer les frais de transaction sur le protocole.

Le mécanisme de combustion de Tfuel pourrait réduire encore plus l’approvisionnement en Tfuel, car il brûle l’approvisionnement en Tfuel avec les revenus tirés des droits sur le protocole.

La combinaison des nœuds de bordure d’élite et de la combustion de Tfuel rend le Tfuel plus attractif, ce qui renforce naturellement le sentiment autour du jeton Theta.

D’autres annonces ont également été déterminantes

Le 19 décembre, Theta a révélé l’extension Theta Wallet Chrome sur le site web Google Chrome. Celle-ci permet essentiellement aux utilisateurs d’utiliser le portefeuille comme Metamask, en interaction avec la plateforme Theta.

Avant cela, le 11 décembre, Theta a achevé une mise à jour du protocole clé, en publiant des contrats intelligents sur le réseau principal. L’équipe a déclaré à l’époque :

„La mise à jour du protocole est un succès ! De nouvelles fonctionnalités, dont les contrats intelligents et la mise à disposition de 1000 THETA, sont maintenant implémentées sur la chaîne, et le portefeuille et l’explorateur Theta ont été mis à jour“.

En raison de la publication consécutive d’annonces très attendues, la Thêta a été l’une des cryptocurrences les plus performantes aux côtés du Polkadot (DOT). Les analystes de Santiment ont noté :

„La fin de 2020 et le début de 2021 ont été exceptionnels pour le #crypto, car l’actif d’investissement le plus rentable de la dernière décennie, le #Bitcoin, est sur le point d’atteindre 30 000 dollars. En plus de sa semaine de 20 %, $DOT, $THETA, $DOGE et $STX ont enregistré des performances encore meilleures“.

Som omfattas av detta utlopp har de senaste månaderna sett framstående institutionella investerare avsätta kapital till kryptovalutor för att säkra sina portföljer mot den nuvarande makroekonomiska inflationen. Vidare tror många att Bitcoin kommer att spela en allt viktigare roll i ekonomin.

Till exempel skrev Paul Tudor Jones i ett investerarbrev tidigare i år att han tror att Bitcoin kommer att vara den „snabbaste hästen i loppet“ på grund av den stora monetära inflationen:

„Vi bevittnar den stora monetära inflationen – en oöverträffad expansion av alla former av pengar, till skillnad från allt som den utvecklade världen någonsin har sett.“

Andra investerare på Wall Street har delat liknande åsikter

Dessa uttalanden har fått företag att se till att säkra sina investeringsportföljer och statsobligationer med Bitcoin.

Detta började tidigare i år med MicroStrategy, som köpte BTC i augusti med 250 miljoner dollar i företagspengar eftersom det såg den ledande kryptovalutan som en säkring mot inflationstrender. Företaget fortsatte att fördubblas på BTC under månaderna efter det och är nu upp med över 100 procent på sitt ursprungliga köp.

Detta drag har drivit andra offentliga företag att investera i Bitcoin med företagspengar för att säkra mot devalveringen av den amerikanska dollarn.

Andra företag följer MicroStrategys djärva Bitcoin-drag

Enligt Twitter-kontot „Deltaone“, som publicerar intressanta Bloomberg-rubriker i sitt Twitter-flöde, kommer NexTech att köpa 2 miljoner dollar i BTC med egna pengar.

NexTech är ett börsnoterat företag i Kanada och är baserat i Vancouver. Det är en „ledande leverantör av teknik och tjänster för upplevelse av virtuell och förstärkt verklighet (AR) för e-handel, utbildning, konferenser och evenemang.“

På investeringar, vd för företaget skrev :

”Vår investering i Bitcoin är en del av vår nya kapitaldiversifierings- och allokeringsstrategi med avsikt att maximera långsiktigt värde för våra aktieägare. Denna initiala investering återspeglar vår övertygelse om att Bitcoin är en långsiktig värdebutik och en attraktiv investeringstillgång med mer långsiktig förstärkningspotential än att hålla kontanter, som för närvarande ger 0,06%. ”

Verkställande direktören, Evan Gappelberg, tillade att han tror att Bitcoin kommer att få dragkraft mot guld de närmaste åren.

Detta tillkännagivande kommer bara en dag efter att Nasdaq-noterade Greenpro Capital Corporation meddelade ett liknande drag. Greenpro försöker samla upp till 100 miljoner dollar 2021 för att köpa BTC med.

Det är bara vettigt?

Det har hävdats att företag som köper Bitcoin gör deras respektive aktier mer attraktiva att hålla.

Det framstående aktieforskningsföretaget Citron Fund skrev i en novemberrapport att MicroStrategys MSTR-aktier är attraktiva och är det ledande sättet att investera i BTC via aktiemarknaden.

”När investerare kämpar för att leta efter sätt att kapitalisera på bitcoin på aktiemarknaden, leta inte längre än MSTR. Till dessa priser idag får investerare det bästa inom mjukvaruaffärer med rabatt och ett kostnadsfritt köpoption på att äga en växande skattkista av bitcoins. ”

Applen perustaja lanseeraa uuden Ethereum-tunnuksen

Wozniakin uusi projekti on hajautettu markkinapaikka merkityn energian vaihdolle.

Applen perustaja Steve Wozniak on ilmoittanut uudesta projektista nimeltä Efforce, blockchain-pohjainen markkinapaikka merkityn energian vaihtamiseksi.

Tämä on Applen jälkeen Bitcoin Trader toinen yritys, jonka Wozniak on perustanut 45 vuoden tauon jälkeen.

Alusta tuo yhteen yritykset, jotka haluavat parantaa energiatehokkuuttaan, osallistujien kanssa, jotka ovat kiinnostuneita maksamaan takaisin energiansäästöjä edustavina rahakkeina.

Applen perustaja käynnistää Crypto Companyn

Blockchain-tekniikkaa on kritisoitu vahingoittamasta ympäristöä liiallisella energiankäytöllä. Mutta Ponnistus on erilainen, Wozniak sanoi.

Applen perustajien mukaan hänen uudella projektillaan on tärkeä rooli vihreän energian edistämisessä ja ympäristövahinkojen vähentämisessä.

„Olemme luoneet Efforcyn ensimmäiseksi hajautetuksi alustaksi, jonka avulla kaikki voivat osallistua maailmanlaajuisiin energiatehokkuushankkeisiin ja hyötyä niistä taloudellisesti sekä luoda mielekkäitä ympäristömuutoksia“, Steve Wozniak sanoi lehdistötiedotteessa.

Efforce-tiimi ilmoitti Mediumissa, että sen aputunnus WOZX (nimetty Wozniakin mukaan) on listattu kaupankäyntitarkoituksessa 3. joulukuuta hbtc.com-sivustolla.

Efforce ei ole ensimmäinen blockchain-projekti, joka saapuu vihreään energiaan.

Alusta kilpailee muiden suosittujen blockchain-pohjaisten alustojen, kuten Power Ledger, LO3 Energy ja WePower, kanssa

Raoul Pal suggerisce „Bitcoin sta mangiando il mondo“, poiché il prezzo rialzista dell’ultimo decennio fa sembrare gli altri beni come denaro di monopolio.

Lo stratega degli investimenti Raoul Pal è tornato alla sua frase preferita, dato che il Bitcoin mostra enormi profitti nell’ultimo decennio. Guardando i dati che mostrano le cifre degli ultimi 10 anni di rendimenti, Pal ha commentato che

„Bitcoin sta mangiando il mondo“.

I profitti Bitcoin puntano a un’attività senza pari

I dati offerti da Charlie Bilello di Compound Capital Advisors, se qualcuno avesse fatto un investimento in Bitcoin nel 2011, si vedrebbe un rendimento di oltre il 6271233%. In confronto, il Nasdaq, come seconda classe di attività leader, ha solo il 512% e l’oro è solo del 24,3%.

Quest’anno è stato particolarmente forte per le attività di rifugio sicuro, con il dollaro USA in lotta e l’economia globale che sta lottando per riguadagnare forza a causa della pandemia globale. La Bitcoin, in particolare, ha avuto un anno particolarmente forte che si è contraddistinto come un’ottima opportunità di investimento per proteggersi dal fiat. Guardando al suo punto più basso di marzo, la crittovaluta ha guadagnato il 440%. Come sottolineato da Bilello utilizzando le metriche di alti e bassi rendimenti, la Bitcoin punta ad un aumento attuale di oltre il 160% dall’inizio dell’anno.

I movimenti di mercato del Bitcoin nel suo prossimo ciclo

Ora, dato che il prezzo del Bitcoin è riuscito finalmente a superare i 20.000 USD, è possibile che l’encierro previsto per il 2021 prenda il via con più forza. In risposta, gli investitori potrebbero guardare alla criptovaluta per un’opportunità di investimento a lungo termine. D’altra parte, potremmo assistere a una svendita e a una correzione. In ogni caso, è innegabile che la Bitcoin ha raggiunto il suo prossimo ciclo e che è in corso un rally.

Questa tendenza, guardando ai dati precedenti e ai movimenti storici del token degli ultimi dieci anni, indica che l’industria della crittovaluta si sta dirigendo verso un’opportunità significativa come un’interessante riserva di valore.

An unknown hacker stole NXM tokens worth over USD 8 million today from the personal wallet of High Karp, CEO of DeFi insurance Nexus Mutual. This incident caused the price to drop by 15-20%.

Nexus Mutual CEO falls victim to hackers

According to a release from Nexus Mutual, the funds were withdrawn this morning through the manipulation of Karp’s computer.

The hacker reportedly managed to install a fake version of MetaMask on Karp’s computer. This led Karp astray and signed a transaction with his private key, which the NXM tokens sent directly to the hacker’s wallet.

The loot amounts to 370,000 NXM, which was worth $ 8.2 million at the time of the hack. The hacker has already started converting the tokens into Ethereum (ETH), with a total balance of 354 ETH worth more than $ 200,000.

Almost half of all tokens are still in his possession. The wallet has already been identified by Etherscan as a “ Nexus Mutual Hacker „.

Attackers duped CEO

According to Nexus Mutual, Karp use a hardware wallet. However, the attacker bypassed the protection by replacing the real transaction with his own.

Some hardware wallets should offer protection against this type of attack by requiring confirmation on the device itself, and the display should be protected against this form of manipulation. It can therefore currently be assumed that the CEO has not sufficiently checked the address.

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The attacker went through a KYC on Nexus Mutual 11 days ago. However, the hacker could not be fully identified as the investigation is still ongoing.

Because the real NXM tokens can only be traded after a successful KYC. Otherwise, WNXM can be used instead. It is therefore assumed that the hacker must also have used a false identity at the KYC.

NXM price drops by up to 20%

The NXM price fell nearly 20% since the attack, although the protocol itself was not affected. Nonetheless, the NXMs that were stolen in the hack make up 6 & of all tokens currently in circulation. So it’s no wonder that the price has plummeted so much.

Karp praised the hacker on Twitter for the „very nice trick“. He offered a $ 300,000 bounty when all of the NXMs are transferred back. He said the hacker would have difficulty laundering the sum.

However, you can currently see that the hacker has already managed to convert almost half of the WNXM into Ethereum. We are curious how the investigation will continue here.

Bitcoin-utbytesflöde är ett bevis på hållbarheten i den nuvarande tjurkörningen.

Viktiga takeaways

• Innan igår hade Bitcoin bara spenderat två veckor över 16 000 dollar tillbaka 2017.
• Till skillnad från förra gången indikerar dock nettoflöde av BTC till börser att handlare lämnar handelsplattformar.

År 2020 har nästan 500 000 Bitcoin lämnat kryptobörser, vilket tyder på en ökning av vårdnaden över vinstbokningen. Samma dynamik var inte uppenbar under topparna 2017 och 2019.

En flyktig uppgång till toppen

Bitcoin har bara tillbringat några dagar på nuvarande prisnivåer tidigare. Handlarnas känslor skiljer sig dock väsentligt den här gången.

Före 2020 var Bitcoin Lifestyle främst en högriskspekulativ tillgång. Det har brutit mot 13 000 bara tre gånger under sin livstid på 11 år, tio månader och fyra dagar.

Först, under 2017, spenderade 40 dagar över riktmärket och sedan 2019 i mindre än en dag.

Bitcoins antal dagar över $ 16 000 är ännu kortare – bara 14 dagar mellan december 2017 och januari 2018.

Igår bröt Bitcoin igen 16 000 dollar efter nästan tre år. Data tyder också på att den kommande tjurkörningen har mycket mer styrka än tidigare toppar.

Bitcoins nettoflöde vid börser

Bullmarknaden 2017 drivs främst av spotköp och försäljningar. De tidiga ledarna 2013 hittade äntligen ett lukrativt exitpris för sina investeringar.

Denna dynamik var synlig i Bitcoin-inflödet till kryptobörser.

Nettoflödet till börserna 2017 och 2018 var 1,8 miljoner BTC och svarade för mer än 10% av utbudet vid den tiden. Ett positivt inflöde indikerar en högre profetia att sälja.

Från december 2017 till februari 2018 deponerade användare nära 467 000 BTC på börser.

Sedan dess har BTC aldrig sett liknande nivåer av månatliga inflöden.

Insättningarna började avta under 2019, men nettoflödet förblev positivt på mer än 130 000 BTC under året. Juni månad såg de högsta inflödena när Bitcoin rörde 13 800 dollar.

Aktiviteten har förändrats helt 2020.

Kryptoutbyten har registrerat ett negativt flöde på nästan 500 000 BTC hittills. Sedan augusti 2020, då den ledande krypton bröt över 10 000 dollar, drog utbytesanvändare nästan 350 000 BTC.

Minskningen i Bitcoin-saldot på börser överensstämmer med börsflödet. Dessutom pekar det på en betydande minskning av försäljningstrycket.
Slutligen, trots dess fortsatta tjurkörning över $ 15 000, är ​​utflödet i november fortfarande negativt. Under de första 13 dagarna av den aktuella månaden har nästan 83 500 BTC till ett värde av 1,3 miljarder dollar i nuvarande priser lämnat utbyten.

Almost one fork per year – After the fork between Bitcoin (BTC) and Bitcoin Cash (BCH) in August 2017, then the fork between BCH and Craig Wright’s BSV in November 2018, it is a third “hash war” which looms this November 15. A deep disagreement within the BCH community will cause a further split into two distinct blockchains.

We no longer stop the cloning of BCH: here we are now BCHA and BCHN

The communities in the Bitcoin Cash project seem to agree to disagree. The bone of contention is the implementation of an 8% tax on mined block rewards .

This implementation, scheduled for the fork of November 15, has been very strongly criticized from its first evocations at the beginning of 2020. Although the controversial tax has since been reduced (from 12.5 to 8%), nothing is there. fact: some miners and nodes in the network will refuse this forced taxation.

The two clans are divided as follows.

On the one hand, there is the clan gathered around Bitcoin ABC , whose crypto will be called „BCHA“ . This camp will implement the famous tax, which aims to help the development of the BCH network (well BCHA, we must manage to follow!).

On the other hand, there is the “BCHN” (Bitcoin Cash Node) tribe , led by Roger Ver . They refuse taxation, criticizing in particular the fact that all the withdrawals will go to a portfolio controlled by Amaury Séchet .

Emergency plans created in panic by crypto platforms

The CoinDance site allows you to list by which node software client the last 1,000 blocks on the BCH network were validated . The least that can be said is that taxation is not on the rise at all.

As can be seen below, 767 of the last 1000 blocks ( more than three-quarters therefore) were mined by nodes with the tax-free implementation of BCHN . Only 8 blocks (or 0.8%) validated a block with the client version of Bitcoin ABC . However, it should be noted that 22.5% of “neutral” nodes have still not chosen their camp.

Breakdown of customer types who have validated the last 1,000 blocks of the Bitcoin Cash network
As we can see on the Bitcoin.com site , the exchange platforms and the various crypto services are a little overwhelmed by so much separatist violence .

Realizing the big problem on the way, crypto exchanges Binance and Huobi, for example, have just announced that they will stop a certain number of services relating to BCH during this stormy transition phase of the hard fork . Binance will more precisely stop these BCH futures contracts in prevention, from this November 9.

On the side of Coinbase and BitGo , the decision is made: the two companies will only keep BCHN type nodes , and will no longer support BCHA after the November 15 fork.

Even if this umpteenth schism now seems inevitable within 10 days of the hard fork , the BCHA clan seems reduced to grief. The latest snub to the minors‘ tax camp would be that BCHN ultimately retains the title of BCH, experiencing the same fate of “forced renaming” of BSV.

The Bitcoin course has remained very stable in the last few days. Unfortunately, that cannot be said of the altcoins. The Altcoin bloodbath has been going on for days and is reaching new lows every day

The hype about Decentralized Finance (DeFi) is currently on the bench and waiting for his substitution. Currently only the big ones are allowed to play. In this article we take a look at why Crypto Profit is doing so well right now and why Altcoins continue to lose value.

Bitcoin vs. Altcoins

Bitcoin is not only the first and most decentralized cryptocurrency, but also the most secure and widely used. BTC has dominated the crypto market for years and is setting the pace.

Bitcoin was not only created on the basis of decades of research, but above all on the foundation of freedom and privacy. The idea behind BTC was never to get rich with it. Here completely different ideals based on the cyberpunk movement were pursued .

With altcoins, on the other hand, it looks very different. The first altcoins were created when Bitcoin was first traded for real money. From then on, everyone knew that a cryptocurrency, i.e. a purely digital asset, could be traded for real money. With Bitcoin it took almost 2 years to get there.

The result was a flood of various altcoins, which often sold as the better version of Bitcoin. They were sometimes faster, easier to use and scalable a little better. For some, that was proof enough that BTC will soon lose its leadership role.

The lack of understanding

This fallacy cost most people dearly. Most of these projects ran towards zero. This is exactly what projects are ahead of us that we currently find among the top 100 on CoinMarketCap.

The lack of understanding of money and the innovation behind Bitcoin repeatedly leads beginners in particular on the wrong track. They let themselves be lured by the promises of the various altcoins and sometimes believe that it will be the next bitcoin.

Very few understand that there will be no next Bitcoin. However, some believe that you can get similar returns on some altcoins. But it’s like looking for a needle in a haystack. There are certainly one or the other project that will produce an enormous performance, but such a hit is more like winning the lottery.

No natural demand for altcoins

There is no natural demand for altcoins. An exception is currently at most Ethereum. ETH is used on the Ethereum blockchain to pay for transactions and smart contracts. Due to the DeFi hype, there is a certain demand for ETH.

The rest is just short-term speculation. Almost all investors here are only interested in money. The meaning behind the cryptocurrency and whether you ever use it yourself for the actual purpose is irrelevant. Everyone is chasing the return on Bitcoin and at the same time believes that it is already too late for BTC.

Bitcoin is not about transactions in seconds or low transaction fees. These are the typical arguments of Altcoin projects to advertise themselves and convince newbies.

Unfortunately, hardly anyone is talking about Bitcoin’s decentralized payment network, which is also based on a healthy fee market. The focus is put on the wrong characteristics in order to better position yourself.

Eilen alussa DeFi-teollisuutta järkyttivät uutiset hakkereista, jotka onnistuivat hyödyntämään Harvest Finance -protokollaa pikalainoilla.

Mukaan post mortem tapahtumasta alkaen tiimin Bitcoin Bank, hyökkääjä hyväksi protokolla näppäimellä katvealueiden ja kestämätön menetys USDC ja USDT sisälle Y Pool Curve.fi suorittaa hakata.

Harvest Financen hyödyntäminen kesti vain seitsemän minuuttia, kun hakkeri käveli pois 24 miljoonalla dollarilla. Hyödyntäminen aiheutti Harvest Finance -yritykselle yhteensä 33,8 miljoonan dollarin tappion, kuten alla selitetään.

USDC-holvin osakekurssi laski 0,980007: stä 0,834953: een, ja USDT-holvin osakekurssi laski 0,978874: stä 0,844812: een, jolloin lasku oli 13,8% 13,7%.

Menetetty arvo on noin 33,8 miljoonaa dollaria, mikä vastasi noin 3,2% protokollan lukittuun kokonaisarvoon hyökkäystä edeltävänä aikana.

Harvest Finance -tiimi myöntää tekevänsä suunnitteluvirheen

Alle 24 tuntia hyökkäyksen jälkeen Harvest Finance -tiimi on myöntänyt tekevänsä suunnitteluvirheen suunnitellessaan protokollaa. Lisäksi he laativat suunnitelman ongelman korjaamiseksi kaikille kärsiville Harvest Finance -käyttäjille. Joukkue on myös pyytänyt hyökkääjää palauttamaan varat, jotta käyttäjille voidaan maksaa korvaus.

Hyökkääjä on osoittanut kantansa. Jos he voivat palauttaa varat käyttäjille, yhteisö arvostaisi sitä suuresti. Varojen palauttaminen kärsiville käyttäjille on painopiste.

Teimme suunnitteluvirheen , omistamme sen. Tuhannet ihmiset toimivat vakuuksina, joten pyydämme nöyrästi hyökkääjää palauttamaan varat käyttöönottajalle, jossa se jaetaan takaisin käyttäjille kokonaisuudessaan.

100 000 dollarin palkkio hyökkääjän kanssa jättäen polun leivänmuruja

Harvest Finance Team väittää myös saavansa merkittävää tietoa hakkereista ja tarjoaa 100 000 dollarin palkkion kenelle tahansa henkilölle tai joukkueelle, joka auttaa palauttamaan varoja. Jos palautus tapahtuu 36 tunnissa, palkkio korotetaan 400 000 dollariin.

Hyökkääjän henkilöllisyyden suhteen Harvest Finance -tiimi on selittänyt, että hän teki useita tapahtumia tunnetuille talletusosoitteille, jotka kuuluvat Binancelle . He ovat myös varoittaneet suosittuja pörssejä, kuten Binance, Coinbase, Huobi, OKEx , Kraken ja Bitfinex, mustalle listalle useita Bitcoin-osoitteita, joita käytettiin varojen poistamiseen renBTC: n avulla.

The Bitcoin (BTC) rate shot through the $12,000 mark last night and set a new year record. The current price for one BTC is currently $12,188.55.  That’s 3.75% more than 24 hours ago.

On Twitter, the analysts immediately go all out for tonight’s rise. For example, Josh Rager notes that Bitcoin Pro hasn’t closed above $12,000 on the weekly chart since January 2018. He is convinced that the bull market has really started.

Dave the wave, another well-known analyst, throws some more oil on the fire. He compares the advance that started in March this year with earlier parabolic growth. In doing so, he even implies that in the short term the price could go on to a new record above $20,000.

He also gives an immediate warning: after each parabolic growth there will be a correction.

On the other hand Pinetoshi sees that in the meantime the price has arrived at a resistance. The next few hours are going to be crucial in this respect: will the price continue to rise, or has the gunpowder already fired?

Repetition of history

With such rises as those of the past few days the hopium is immediately taken out of the cupboard again. Tytan compares Bitcoin’s current situation with that of the previous cycle, which started about four years ago.

Then the price broke out of a trend line. In the graph below, he copied exactly what happened then. The result? Repeatedly, the price reaches a peak of $400,000 in 2022.

The green that Bitcoin has been dealing with over the last few days has been at the expense of the altcoins. The dominance of the largest crypto currency has risen to its highest point in three months. According to Tradingview, this currently stands at 62%.

By the way, it gives a distorted picture. There are a lot of illiquid altcoins in this comparison and also the different Wrapped Bitcoin variants ensure that this percentage is not entirely correct.
Against dollars and shares

Finally, Goomba notes that there is a striking similarity between the Bitcoin rate (looked at in dollars) and the DXY. This stands for the U.S. Dollar Index. When the dollar is under pressure, the cryptomint flourishes.

The DXY was originally developed by the U.S. Federal Reserve in 1973 to provide value of the U.S. dollar against global currencies. The U.S. dollar index rises when the U.S. dollar „gains strength“ (value) compared to other currencies.