BTC Markets

Deep Dives with Real Vision ’s Chief Crypto Analyst, Jamie Coutts SUI: An adoption arc signals emerging leadership. This report aims to provide subscribers unfamiliar with Sui a clearer understanding of the network’s fundamentals, frequently drawing comparisons to Solana. Highlights: -Sui’s recent outperformance has triggered relative momentum buy signals against BTC and SOL. -YTD Active addresses have risen from under 20,000 to over 1.2 million on a rolling 14-day basis. -12% of Sui max supply will vest over the next 4 months. #sui #crypto #sol #blockchain

MP Dr Andrew Charlton's recent comments on the vital role that digital assets, blockchain, and cryptocurrency will play in Australia’s future are well made. We are truly at a critical juncture when it comes to the future of financial services in this country. There is no denying that tokenisation, blockchain, and yes, cryptocurrency, are all integral parts of our financial landscape going forward. Over a quarter of Australians already hold crypto. Young people, in particular, are embracing this technology in response to their growing disillusionment with a system that hasn’t worked for them. Read more from BTC Markets CEO, Caroline Bowler: https://lnkd.in/g8P6PVDD #DigitalAssets #Blockchain #Cryptocurrency

“These pullbacks are part of a cyclical pattern,” says Charlie Sherry, head of finance at Australian crypto exchange BTC Markets. “The drop to $US91,600 fits this trend, suggesting it could be the last flush before bitcoin crosses the $US100,000 mark.” https://lnkd.in/gdhHUE47

The bull case for Bitcoin “For many, the potential for life-changing gains and the thrill of the market is a significant draw,” says BTC Markets chief executive Caroline Bowler. https://lnkd.in/gdhHUE47 #Bitcoin #BTC #BullMarket

Weekly crypto wrap as of 28th November 2024 TLDR - Australian MP highlights the growing importance of digital assets and blockchain - Crypto markets prepare for Bitcoin’s $US100,000 milestone - AFR Op-ed: Bitcoin is back. But Australia is lagging on crypto innovation - MicroStrategy’s Bitcoin binge: Market frenzy or financial bubble? - Wall Street prepares for new generation of crypto ETFs. - Sui teams up with Franklin Templeton Digital Assets to drive blockchain innovation. https://lnkd.in/g2JPsBrV #Bitcoin #CryptoNews #DigitalAssets

Crypto innovation is here!

The Australian - Bitcoin is likely to find support in the $US80-$US90 range based on the magnitude of recent pullbacks, according to BTC Markets. The cryptocurrency is currently trading around $US92,070 after falling as much as 9 per cent in a four-day fall from a record high of $US99,728.36 last Friday. “Bitcoin’s recent dip aligns with its typical market behaviour of sharp gains followed by healthy corrections,” says Charlie Sherry, Head of Finance of BTC Markets.

Head of finance and crypto analyst at BTC Markets, Charlie Sherry, told Cointelegraph that Bitcoin’s recent drop to $93,000 is “best understood as part of its historical pattern of sharp gains followed by healthy corrections.” He added that these pullbacks “demonstrate a cyclical pattern that allows the market to consolidate gains and reduce leverage before advancing further” before predicting that this could be a final flush before it hits six figures. “The dip to $92,600 aligns with this trend, suggesting it could be the ‘last flush’ before Bitcoin finally crosses $100K.” Sherry cautioned that if the pullback deepens, BTC could potentially test the $88,000 to $90,000 range, which represents key support levels based on recent price action. “However, a deeper correction between 20% and 30% could take Bitcoin closer to $80,000, a level still consistent with prior bull market behavior,” he added. He referred to blockchain betting platform Polymarket’s 72% odds of BTC hitting $100,000 before Christmas, adding, “I like those odds.” https://lnkd.in/gatBgaMt

Crypto market update The crypto market cap surged 10.67% this week, closing at US$3.274 trillion. Increased liquidity = bullish price action! Winners of the week: ADA: +45.55%, driven by SEC speculation & whale buying XRP: +35.93%, legal optimism sparks $23 targets LINK: +29.97%, fuelled by DeFi adoption AVAX: +21.18%, layer-1’s moment to shine BTC & ETH climb as altcoin season brews. What’s your take on this rally? https://lnkd.in/gJSQfD3M #MarketUpdate #Crypto

In her recent opinion piece in the Australian Financial Review, Caroline Bowler, CEO of BTC Markets, highlights the resurgence of Bitcoin and the pressing need for Australia to enhance its cryptocurrency innovation. She underscores that while Bitcoin's revival is promising, Australia risks falling behind in the global crypto landscape due to regulatory uncertainties and a lack of clear policy direction. Bowler advocates for a more supportive regulatory environment to foster innovation and attract investment in the crypto sector. Read the full article: https://lnkd.in/gCFfXZbJ #Bitcoin #Cryptocurrency #Australiacrypto