Analysis Today TheBitTimes.com

Memeinator aims to dominate by destroying weak meme cryptocurrencies. Memeinator has entered stage 5 of the presale as the price rose to $0.0125. MMTR could rise 10x in 2024 and 50x in 2025 on increased speculation and demand. With 5 of 29 stages completed, Memeinator has shown no signs of stopping its fire  presale . Over $1.128 million has been raised through stage 5, helping the token rise to $0.0125. The price is now set to rise to $0.0133 in the next stage, delivering substantial returns to presale buyers. After its 29-stage presale, Memeinator will have returned 132% ROI to early investors. The post-listing gains are projected to be huge, owing to Memeinator’s value proposition. “Meme killer” Memeinator role in meme space Think of big names in the meme investment landscape. Dogecoin, Shiba Inu, and PEPE are notable examples that have made a killing for investors. This hasn’t always been the case for other meme proje...

Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin. On the latest episode of Macro Markets , analyst Marcel Pechman explains the impacts of the United States Federal Reserve’s balance sheet, breaking down how the Fed inflated its assets by $5 trillion between December 2019 and April 2022. Pechman notes that the expansion period coincides with a 38% crash in the S&P 500 index. Moreover, the Federal Reserve balance sheet surpassed the $8.9 trillion mark right as the stock market index reached its 4,800-point all-time high. The problem, according to Pechman, is that the U.S. Treasury Department has a huge deficit, as the government spends more than it gets from revenues and taxes. Consequently, it needs to start rolling some of the debt instead of letting it expire, so odds are it won’t be able to continue reducing the balance sheet any longer — something that has been a huge c...

BTC’s price could be on the verge of a bullish breakout, according to derivatives data, but ultimately the macroeconomic scenario will dictate the trend. Bitcoin’s  price has stabilized near $27,000 since May 13, displaying reduced volatility in the period. This movement is eerily similar to early April, when Bitcoin’s (BTC) 12-hour chart ranged between $27,800 and $28,700 for 11 days. Traders are now questioning whether a bullish breakout is the next possible outcome for the Bitcoin price . Bitcoin/USD price index, 12-hour. Source: TradingView According to technical Analysis , the sideways movement illustrates an ongoing conflict, meaning traders are unsure about the direction of Bitcoin’s next price trend. This is a consequence of balanced demand between buyers and sellers, which typically precedes periods of extreme price volatility and is triggered by big events. In other words, Bitcoin traders are waiting for a potential market trigger that could decisively push the BTC price...

A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level. Glassnode's latest analysis suggests that Bitcoin has built a strong foundation below the $30,000 level, and the current supply structure shows similarities to early 2016 and early 2019. The report shows that the Long-Term Holder (LTH) supply is just shy of a new all-time high with a total supply balance of 14.161 million BTC. In contrast, short-term holders (STH), who acquired coins after FTX failed, have seen their supply balance of 2.914 million BTC remain relatively constant in 2023. Long-term holders are unfazed despite major downturns By April 12, 155 days had passed since the FTX exchange collapsed on Nov. 8, 2022. The 155-day mark is crucial because it is the minimum length of time that a Bitcoin holder must have held their coins to be classified as a long-term holder (LTH). Thus, the supply distribution can be divided into two halves, first, before FTX’s collapse to r...

An unprecedented number of BTC margin longs recently closed at Bitfinex, leaving analysts searching for explanations. Since May 2022, the Bitcoin (BTC) margin markets on the Bitfinex exchange have been plagued by an unusually high open interest of over $2.7 billion. This information alone should raise a red flag, especially in light of Bitcoin's price decline from $39,000 to less than $25,000 during the same period. Traders seeking to leverage their cryptocurrency position had borrowed over 105,000 Bitcoin. Currently, the cause of this anomaly is unknown, as well as the number of entities involved in the trade. Cheap borrowing favors high demand Bitfinex's sub-0.1% annual rate may be a contributing factor to the size of the Bitcoin lending market. To date, this has been the norm and it creates enormous incentives for borrowing, even if there is no current need. There are few traders who would turn down such a ridiculously inexpensive leverage opportunity. Margin borrowing can...

The total crypto market cap has stalled at the $1.2 trillion level, but derivatives data shows bulls are preparing for the next breakout. After gaining 11% between March 16 and March 18, the total crypto market capitalization has been battling resistance at the $1.2 trillion level. This same level was reached on August 14, 2022 and was followed by a 19.7% decline to $960 billion over the next two weeks. During the lateralization period between March 20 and March 27, Bitcoin (BTC) gained 0.3%, while Ether (ETH) posted modest gains of 1.6%. Total crypto market cap in USD, 12-hour. Source: TradingView One source of favorable short-term momentum is a change in the Federal Reserve’s monetary policy The U.S. Federal Reserve was forced to increase its balance sheet by $393 billion between March 9 and March 23 in order to provide short-term loans to failing banks. The objective of the plan was to reduce inflation, which has significantly impacted the cost of living and ultimately hampered ec...

BTC margin and options markets are steady, even as investors run for cover as crypto and stock prices fall. Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement. Financial markets showed signs of stress as the inverted bond curve reached its highest level since the 1980s. Longer-term dated yields have stalled at 4%, while two-year treasury notes traded above 5% yield in March. Since July, longer-dated treasury yields have failed to keep pace with the surging two-year benchmark, resulting in the inverted curve distortion that typically precedes economic downturns. According to Bloomberg, the indicator reached a full percentage point on March 7, the highest level since 1981, when Fed Chair Paul Volcker faced double-digit inflation. This week, BlackRock, the world's largest asset manager, in...

Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr. Bitcoin’s Lightning Network (LN) capacity recently surpassed an all-time high of 5,000 BTC.  The Lightning Network is a neutral protocol built on top of Bitcoin and currently it does not have a “native” token attached to it like many decentralized finance platforms. Although the Lightning Network’s total liquidity is less than 0.5% of the ETH in DeFi contracts, the uptrend in Bitcoin’s LN capacity versus a downtrend in the amount of ETH locked in smart contracts is encouraging for LN development. Total ETH locked in DeFi contracts (top) and total BTC in Lightning Network channels (bottom). Source: DefiLlama While the liquidity on the LN has been rising consistently, the number of channels on the peer-to-peer network dropped drastically in November following the FTX collapse. It could be due to an exodus of miners operating LN nodes besides running mining ...

Bitcoin's bull market is likely to start earlier than expected due to anticipation of the BTC halving and favorable macroeconomic conditions, according to Mark Yusko, founder and CEO of Morgan Creek Capital Management. The next crypto bull market will start sooner than most people think, according to Mark Yusko, the founder and CEO of Morgan Creek Capital Management. Yusko thinks the next crypto bull run or, as he calls it, "the crypto summer ," could kick off as soon as the second quarter of this year due to the combination of more dovish central bank policies and the anticipation of the Bitcoin (BTC) halving.  While the United States Federal Reserve is unlikely to cut interest rates anytime soon, according to Yusko, the markets tend to anticipate the Fed's decisions. That means even a slowing down or a pause in interest-rate hikes would be interpreted as the signal of an imminent pivot. That would spark a positive dynamic among all risk assets, including crypto. ...

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the potential of a brief pause in the crypto market rally. This week Bitcoin (BTC) rallied to a 2023 high at $23,100 and the move followed a notable recovery in traditional markets, especially the tech-heavy Nasdaq Composite Index, which gained 2.9% on Jan. 20. Economic data continues to boost investors' hope that the United States Federal Reserve will reduce the pace and length of interest rate hikes. For instance, sales of previously owned homes fell 1.5% in December, the 11th consecutive decline after high mortgage rates in the United States severely impacted demand. On Jan. 20, Google announced that 12,000 workers were laid off, more than 6% of its global workforce. The bad news continues to trigger buying activity on risk assets, but Dubravko Lakos-Bujas, chief U.S. equity strategist at JPMorgan, expects weaker earnings guidance to "put downward pressure...