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BitcoinBTC
$ 97,165.86
-295.33
(
-0.30%
)
Info
Rank Rank 1
Coin
Mineable
Bid
$ 97,165.86
Exchange
GDAX
Ask
$ 97,165.87
Last Trade Time
18:01:25
Volume (24h)
$ 15,935,691,613
Last Trade Size
0.000174
Volume/Market Cap (24h)
0.01%
Trade Price
$ 97,165.87
Fully Diluted Market Cap
$ 2,040,483,060,000
Genesis Date
1/02/2009
Days Range 92,115.66-98,132.47
52 Weeks Range 38,501.00-108,388.88
Circulating Supply 19,762,034 / 21,000,000
94.1%
#ExchangePairPriceVolumePrice x VolumeVolume (%)Updated
97211.93Binance54100.36282/cdn/crypto/logos/exchanges/BINA.png$ 5,175,014,853.571734717693BTC/USDThttps://www.binance.com/en/trade/BTC_USDTUSDT1https://www.binance.com/en/trade/BTC_USDT38.3589687135Recently
97214.5OKX19450.6490289/cdn/crypto/logos/exchanges/OKEX.png$ 1,859,786,289.961734717692BTC/USDThttps://www.okx.com/trade-spot/BTC-USDTUSDT2https://www.okx.com/trade-spot/BTC-USDT13.791161439Recently
97190.6Coinbase16495.5082801/cdn/crypto/logos/exchanges/GDAX.png$ 1,577,926,508.461734717694BTC/USDhttps://pro.coinbase.com/trade/BTC-USDUSD3https://pro.coinbase.com/trade/BTC-USD11.6958676994Recently
97213.99Crypto.com15971.80175/cdn/crypto/logos/exchanges/CRTO.png$ 1,529,166,682.491734717694BTC/USDThttps://crypto.com/exchange/trade/BTC_USDTUSDT4https://crypto.com/exchange/trade/BTC_USDT11.3245422339Recently
97164.01Crypto.com11151.27984/cdn/crypto/logos/exchanges/CRTO.png$ 1,068,532,794.101734717677BTC/USDhttps://crypto.com/exchange/trade/BTC_USDUSD5https://crypto.com/exchange/trade/BTC_USD7.90663079139Recently
97211.14Tidex5210.594252/cdn/crypto/logos/exchanges/TIDE.png$ 498,223,747.401734717643BTC/USDThttps://tidex.com/exchange/BTC/USDTUSDT6https://tidex.com/exchange/BTC/USDT3.69448579404Recently
97018.47LBank2514.2769/cdn/crypto/logos/exchanges/LBNK.png$ 240,105,967.521734717538BTC/USDThttps://www.lbank.info/exchange/btc/usdtUSDT7https://www.lbank.info/exchange/btc/usdt1.7827065091Recently
97145Bitstamp2209.67611662/cdn/crypto/logos/exchanges/BSTP.png$ 211,027,988.401734717694BTC/USDhttps://www.bitstamp.net/markets/btc/usdUSD8https://www.bitstamp.net/markets/btc/usd1.56673435456Recently
97175.45DigiFinex2174.9168807/cdn/crypto/logos/exchanges/DGFX.png$ 208,338,991.711734717651BTC/USDThttps://www.digifinex.com/en-ww/trade/USDT/BTCUSDT9https://www.digifinex.com/en-ww/trade/USDT/BTC1.54208889243Recently
97281Bitfinex2026.52713749/cdn/crypto/logos/exchanges/BFNX.png$ 192,372,347.771734717694BTC/USDhttps://www.bitfinex.com/t/BTC:USDUSD10https://www.bitfinex.com/t/BTC:USD1.43687559587Recently
93367Bitvavo1560.61242602/cdn/crypto/logos/exchanges/BITV.png€ 143,019,010.341734717694BTC/EURhttps://account.bitvavo.com/markets/BTC-EUREUR11https://account.bitvavo.com/markets/BTC-EUR1.10652646495Recently
15208998bitFlyer1375.02951575/cdn/crypto/logos/exchanges/BITF.png¥ 20,719,282,978.991734717694BTC/JPYhttps://cryptowat.ch/markets/bitflyer/BTC/JPYJPY12https://cryptowat.ch/markets/bitflyer/BTC/JPY0.974941967585Recently
97032.25LATOKEN1298.2542263/cdn/crypto/logos/exchanges/LATK.png$ 125,147,418.951734717289BTC/USDThttps://exchange.latoken.com/exchange/BTC-USDTUSDT13https://exchange.latoken.com/exchange/BTC-USDT0.9205057166537 minutes ago
97225Kraken902.27919906/cdn/crypto/logos/exchanges/KRKN.png$ 86,143,251.671734717548XBT/USDhttps://trade.kraken.com/markets/kraken/XBT/USDUSD14https://trade.kraken.com/markets/kraken/XBT/USD0.639746163676Recently
93379.08Coinbase841.60245717/cdn/crypto/logos/exchanges/GDAX.png€ 77,192,762.011734717694BTC/EURhttps://pro.coinbase.com/trade/BTC-EUREUR15https://pro.coinbase.com/trade/BTC-EUR0.596724322001Recently
93366Kraken717.51356398/cdn/crypto/logos/exchanges/KRKN.png€ 65,657,120.251734717546XBT/EURhttps://trade.kraken.com/markets/kraken/XBT/EUREUR16https://trade.kraken.com/markets/kraken/XBT/EUR0.508741141788Recently
93330Bitstamp652.50082834/cdn/crypto/logos/exchanges/BSTP.png€ 59,640,535.671734717694BTC/EURhttps://www.bitstamp.net/markets/btc/eurEUR17https://www.bitstamp.net/markets/btc/eur0.46264493536Recently
93428.32Binance638.21959/cdn/crypto/logos/exchanges/BINA.png€ 58,670,278.201734717693BTC/EURhttps://www.binance.com/en/trade/BTC_EUREUR18https://www.binance.com/en/trade/BTC_EUR0.45251905919Recently
97220.96Coinbase445.76580594/cdn/crypto/logos/exchanges/GDAX.png$ 42,699,376.791734717694BTC/USDThttps://pro.coinbase.com/trade/BTC-USDTUSDT19https://pro.coinbase.com/trade/BTC-USDT0.316062882249Recently
77191.28Coinbase311.10656192/cdn/crypto/logos/exchanges/GDAX.png£ 23,725,380.471734717694BTC/GBPhttps://pro.coinbase.com/trade/BTC-GBPGBP20https://pro.coinbase.com/trade/BTC-GBP0.220584969364Recently
97185.01HTX284.23709619/cdn/crypto/logos/exchanges/HUOB.png$ 27,280,820.221734717692BTC/USDThttps://www.huobi.com/en-us/exchange/btc_usdtUSDT21https://www.huobi.com/en-us/exchange/btc_usdt0.201533618476Recently
100951.45Gemini183.39488032/cdn/crypto/logos/exchanges/GEMN.png$ 18,346,828.231734652648BTC/USDhttps://gemini.com/?symbol=BTCUSDUSD22https://gemini.com/?symbol=BTCUSD0.13003311086518 hours ago
97107.71EXMO77.02622742/cdn/crypto/logos/exchanges/EXMO.png$ 7,363,849.391734717654BTC/USDThttps://exmo.com/en/trade#?pair=BTC_USDTUSDT23https://exmo.com/en/trade#?pair=BTC_USDT0.054614174355Recently
97034.8Kucoin76.18262882/cdn/crypto/logos/exchanges/KUCN.png$ 7,328,708.961734717002BTC/USDThttps://trade.kucoin.com/BTC-USDTUSDT24https://trade.kucoin.com/BTC-USDT0.054016034700912 minutes ago
97363Bitstamp57.89975625/cdn/crypto/logos/exchanges/BSTP.png$ 5,530,347.981734717694BTC/USDThttps://www.bitstamp.net/markets/btc/usdtUSDT25https://www.bitstamp.net/markets/btc/usdt0.0410528658727Recently
93422.67Tidex57.1830924/cdn/crypto/logos/exchanges/TIDE.png€ 5,253,975.331734717638BTC/EURhttps://tidex.com/exchange/BTC/EUREUR26https://tidex.com/exchange/BTC/EUR0.0405447272065Recently
100397.13EXMO50.050179/cdn/crypto/logos/exchanges/EXMO.png$ 4,946,448.121734717655BTC/USDhttps://exmo.com/en/trade#?pair=BTC_USDUSD27https://exmo.com/en/trade#?pair=BTC_USD0.0354872527704Recently
97155.4Gate.io49.77238/cdn/crypto/logos/exchanges/GATE.png$ 4,770,166.341734717650BTC/USDThttps://gate.io/trade/BTC_USDTUSDT28https://gate.io/trade/BTC_USDT0.0352902839777Recently
77128Bitstamp49.41590275/cdn/crypto/logos/exchanges/BSTP.png£ 3,772,827.421734717694BTC/GBPhttps://www.bitstamp.net/markets/btc/gbpGBP29https://www.bitstamp.net/markets/btc/gbp0.0350375296713Recently
77168.5Kraken44.62745443/cdn/crypto/logos/exchanges/KRKN.png£ 3,385,042.381734717546XBT/GBPhttps://trade.kraken.com/markets/kraken/XBT/GBPGBP30https://trade.kraken.com/markets/kraken/XBT/GBP0.031642359478Recently
93272Bitfinex21.51086592/cdn/crypto/logos/exchanges/BFNX.png€ 1,958,914.171734717694BTC/EURhttps://www.bitfinex.com/t/BTC:EUREUR31https://www.bitfinex.com/t/BTC:EUR0.0152519241982Recently
77119Bitfinex19.1201335/cdn/crypto/logos/exchanges/BFNX.png£ 1,451,245.261734717691BTC/GBPhttps://www.bitfinex.com/t/BTC:GBPGBP32https://www.bitfinex.com/t/BTC:GBP0.0135568148621Recently
96996.1Upbit9.18696475/cdn/crypto/logos/exchanges/UPBT.png$ 875,054.131734717537BTC/USDThttps://upbit.com/exchange?code=CRIX.UPBIT.USDT-BTCUSDT33https://upbit.com/exchange?code=CRIX.UPBIT.USDT-BTC0.00651386562027Recently
93704.58EXMO8.25608018/cdn/crypto/logos/exchanges/EXMO.png€ 763,489.481734717656BTC/EURhttps://exmo.com/en/trade#?pair=BTC_EUREUR34https://exmo.com/en/trade#?pair=BTC_EUR0.00585383729078Recently
76575.25Gemini0.51729182/cdn/crypto/logos/exchanges/GEMN.png£ 40,958.731734646269BTC/GBPhttps://gemini.com/?symbol=BTCGBPGBP35https://gemini.com/?symbol=BTCGBP0.00036677722116520 hours ago
97463.29Gemini0.0713919/cdn/crypto/logos/exchanges/GEMN.png€ 6,788.711734652690BTC/EURhttps://gemini.com/?symbol=BTCEUREUR36https://gemini.com/?symbol=BTCEUR5.06192475568E-518 hours ago
95351bitFlyer0.06953507/cdn/crypto/logos/exchanges/BITF.png$ 6,644.701734717678BTC/USDhttps://cryptowat.ch/markets/bitflyer/BTC/USDUSD37https://cryptowat.ch/markets/bitflyer/BTC/USD4.93026929134E-5Recently
96845.39Mercatox0.02238634/cdn/crypto/logos/exchanges/MRTX.png$ 2,144.181733386286BTC/USDThttps://mercatox.com/exchange/BTC/USDTUSDT38https://mercatox.com/exchange/BTC/USDT1.58726646349E-515 days ago
10100000Bitfinex0.0174401/cdn/crypto/logos/exchanges/BFNX.png¥ 204,502.111734714455BTC/JPYhttps://www.bitfinex.com/t/BTC:JPYJPY39https://www.bitfinex.com/t/BTC:JPY1.23656148571E-554 minutes ago
15185000Kraken0.01472143/cdn/crypto/logos/exchanges/KRKN.png¥ 221,127.311734717547XBT/JPYhttps://trade.kraken.com/markets/kraken/XBT/JPYJPY40https://trade.kraken.com/markets/kraken/XBT/JPY1.04379867963E-5Recently
93358CEX.IO0.00488501/cdn/crypto/logos/exchanges/CXIO.png$ 463.771734717694BTC/USDThttps://cex.io/btc-usdtUSDT41https://cex.io/btc-usdt3.46363565765E-6Recently
97205.7CEX.IO0.00439418/cdn/crypto/logos/exchanges/CXIO.png$ 431.861734717692BTC/USDhttps://cex.io/btc-usdUSD42https://cex.io/btc-usd3.1156207529E-6Recently
SouthXchange/cdn/crypto/logos/exchanges/SOTX.png$ -BTC/USDThttps://www.southxchange.com/Market/Book/BTC/USDTUSDT43https://www.southxchange.com/Market/Book/BTC/USDT0-
35986.75Binance0/cdn/crypto/logos/exchanges/BINA.png£ 0.000000001734652939BTC/GBPhttps://www.binance.com/en/trade/BTC_GBPGBP44https://www.binance.com/en/trade/BTC_GBP018 hours ago
82500EXMO0/cdn/crypto/logos/exchanges/EXMO.png£ 0.000000001734717656BTC/GBPhttps://exmo.com/en/trade#?pair=BTC_GBPGBP45https://exmo.com/en/trade#?pair=BTC_GBP0Recently
76162.7CEX.IO0/cdn/crypto/logos/exchanges/CXIO.png£ 0.000000001734717692BTC/GBPhttps://cex.io/btc-gbpGBP46https://cex.io/btc-gbp0Recently
100250.8CEX.IO0/cdn/crypto/logos/exchanges/CXIO.png€ 0.000000001734717693BTC/EURhttps://cex.io/btc-eurEUR47https://cex.io/btc-eur0Recently
Kraken/cdn/crypto/logos/exchanges/KRKN.png$ -XBT/USDThttps://trade.kraken.com/markets/kraken/XBT/USDTUSDT48https://trade.kraken.com/markets/kraken/XBT/USDT0-
23560.85HTX0/cdn/crypto/logos/exchanges/HUOB.png€ 0.000000001734652940BTC/EURhttps://www.huobi.com/en-us/exchange/btc_eurEUR49https://www.huobi.com/en-us/exchange/btc_eur018 hours ago
54455.3HTX0/cdn/crypto/logos/exchanges/HUOB.png£ 0.000000001734652940BTC/GBPhttps://www.huobi.com/en-us/exchange/btc_gbpGBP50https://www.huobi.com/en-us/exchange/btc_gbp018 hours ago
Bittrex/cdn/crypto/logos/exchanges/BTRX.png$ -BTC/USDhttps://bittrex.com/Market/Index?MarketName=USD-BTCUSD51https://bittrex.com/Market/Index?MarketName=USD-BTC0-
Bittrex/cdn/crypto/logos/exchanges/BTRX.png$ -BTC/USDThttps://bittrex.com/Market/Index?MarketName=USDT-BTCUSDT52https://bittrex.com/Market/Index?MarketName=USDT-BTC0-
97890.76HitBTC0/cdn/crypto/logos/exchanges/HITB.png$ 0.000000001734652920BTC/USDhttps://hitbtc.com/BTC-to-USDUSD53https://hitbtc.com/BTC-to-USD018 hours ago
16838.2Bibox0/cdn/crypto/logos/exchanges/BIBX.png$ 0.000000001734717369BTC/USDThttps://www.bibox.com/en/exchange/basic/BTC_USDTUSDT54https://www.bibox.com/en/exchange/basic/BTC_USDT05 minutes ago
Bittrex/cdn/crypto/logos/exchanges/BTRX.png€ -BTC/EURhttps://bittrex.com/Market/Index?MarketName=EUR-BTCEUR55https://bittrex.com/Market/Index?MarketName=EUR-BTC0-
DatePriceChangeChange %LowHighAvg. Daily Vol
1100036-2870.14-2.8691071214495539.67108388.8817532.8337306CX
498387.15-1221.29-1.2413104760190682.58108388.8819328.481943CX
1265072.0432093.8249.320445463258863.9108388.8818162.2310856CX
2664868.2332297.6349.789596540649050.01108388.8816066.1152758CX
5242304.9954860.87129.67943025238501108388.8817489.1649519CX
15646556.4750609.39108.70538509515500108388.8820758.8343034CX
260715390012.861258.393121773596108388.884835379.07802CX

About BTC

The one that started the cryptocurrency revolution. Bitcoin was the first electronic currency with a trust-less decentralised ledger. Bitcoin is open-source: its design is public and nobody owns or controls Bitcoin.

Crypto Chat

View Posts
abrois
one thing spooking retail , institutes are another matter ,,
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Moonboy1
Loaded 91200. Loving it right now.
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Moonboy1
She's the vice terrorist to Powell haha
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daleb2130
Add Elizabeth Warren to that terrorist List
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Moonboy1
Jerome Powell is an American Terrorist in my opinion
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MoneyMaker111
"Bitcoin will go to zero" -Experts, Analysts Get out of this scam while you still can!!!
🔻 1 🟥 1
nowwhat2
Crypto Christmas Bazaar🎅🧑‍🎄 ....................................... 100K.....100K.....100K.
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Mikey
Picked up 5 ea $55 calls IBIT expiry 12/7 avg cost of $1.92....for those of you in Louisiana or California, lol........ IBIT closely BTC and has a multiplier of .0005697 of BTC spot price.....
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Mikey
lol, rug pull, eh?
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Doubledown75
Is this about IMF trying to buy out El Salvador for $3.5b? I say hold the line and tell IMF to blow it out their....
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FireMechanic
Big dogs needed liquidity sucked the 99%ers in them massive rug pull.
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LetGoodTimesRoll
Time for shearing!
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Mikey
Well, I opted to hold through the Powell valley.........If I had it to do all over again..........lol, I'd probably still hold ........I have a $43 avg on IBIT which equates to about $75, 000 BTC
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nowwhat2
Yeah - I 1/2 jokingly figured that this is what we'd see.........An (aproximately) 117,000 Year End It's sure got some work to do tho if it hopes to achieve that (so much to do now, that that's now extremely unlikely) Thing's now below this white diagonal (making it a Do Or... Yeah - I 1/2 jokingly figured that this is what we'd see.........An (aproximately) 117,000 Year End It's sure got some work to do tho if it hopes to achieve that (so much to do now, that that's now extremely unlikely) Thing's now below this white diagonal (making it a Do Or Die)........ And that white diagonal's not even SHOWN in this chart ; This Arthur Hayes' outlook seems increasingly reasonable ; https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175549380 . Show more
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deepdj011
To End December 24 Up to $ 120000 
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deepdj011
Start the Engine ! BTC Power  💪 
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weedtrader420
People are tax selling stupid,then you have stupid fed on top. hang in there going way over 120,000.
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nowwhat2
Oh......Gee.......Well........Boy ! I wonder if THIS could affect my (crypto) investments....... 6 DAYS LATER.... Crypto "Pump Community" now all-a-fluster ! Trump can't get in soon enuf !.......HE will FIX ALL THINGS !
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koolmc
fed really put damper here saying us central bank will back btc which many were hoping for
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nowwhat2
Dow Tanks as Powell Sends Shockwaves. This Is No Time To Panic.; Wednesday, December 18, 2024, 7:24 PM ET By Daren Fonda So much for a Santa rally. The Fed sent shock waves through markets on Wednesday with a sobering outlook for rates and inflation in 2025. While we may be at the start of the... Dow Tanks as Powell Sends Shockwaves. This Is No Time To Panic.; Wednesday, December 18, 2024, 7:24 PM ET By Daren Fonda So much for a Santa rally. The Fed sent shock waves through markets on Wednesday with a sobering outlook for rates and inflation in 2025. While we may be at the start of the correction, this is no time to panic. Stocks and bonds tanked after Federal Reserve Chair Jerome Powell delivered a message nobody wanted to hear: Inflation is moving sideways and investors should only expect two more quarter-point cuts in 2025, a letdown from previous forecasts for deeper cuts and more progress on inflation. The latest rate cut reduced the federal-funds rate to a range between 4.25% and 4.5%. And Fed officials were far more hawkish with four not wanting to cut, a relatively large dissent. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite fell as the hawkish tone settled in and Powell delivered his message. The S&P 500’s 3% decline was its worst on a Fed decision day in nearly 15 years, going back to January 2009. The Dow notched a 2.6% decline, its tenth losing day in a row. The Nasdaq shed 3.6%, its worst Fed-day showing since March 2020. Even harder hit were rate-sensitive small-caps: The Russell 2000 fell 4.4%. And volatility spiked. The VIX volatility index, known as the “fear gauge,” closed at $27.62, up $11.75 or 74%, the worst single-day percentage increase since February 2018, according to Dow Jones Market Data. Nor were bonds spared with the 10-year Treasury yield spiking to 4.5% (bond yields and prices move inversely). The 10-year Treasury yield is now up six of the past eight trading days and has gained 0.87 percentage point from its 52-week low of 3.62% in September. Powell’s message wasn’t all that shocking, but markets were sitting on a ledge, and it didn’t take much to push them off. Or, to use another analogy, “the rubber band snapped today,” said BTIG technical analyst Jonathan Krinsky in a note. Krinsky observes that the market’s technicals were already “washed out” with 13 straight days of declining shares beating advancers, and just 8% of S&P 500 components above their 20-day moving average. Moreover, just 53% of stocks are now trading above their 200-day moving average, a “concerning” year-to-date low, notes Adam Turnquist, chief technical strategist for LPL Financial. High-momentum stocks were poised to collapse, and they did; the high-momentum factor had its worst day since May 2022, falling nearly 6%, Krinsky notes. Investors should brace for more declines as the market keeps flushing out excesses. “Today’s pausing tantrum in financial markets following the hawkish rate cut is probably the start of the correction we’ve been expecting,” strategist Ed Yardeni said in a note. At the same time, investors are being a bit discerning. While Tesla wasn’t spared, falling 8.3%, Nvidia held up relatively well with a 1.1% decline, reflecting the fact that it had already come down quite a bit in recent days. UnitedHealth, meanwhile, was the only Dow component to notch a gain, rising 2.9%, and other health insurers rose, including Cigna, Centene, and CVS Health. The sector has fallen since the murder of a UnitedHealth executive. Investors appear to have concluded it was beaten up enough. There are still plenty of reasons to expect the markets to absorb the Fed’s more dour outlook and deal with it. For one, Powell reiterated that the economy remains healthy. Inflation moving in a 2%-3% band isn’t nearly as bad as inflation spiking—the culprit for the 2022 market selloff. And there are no signs, yet, that corporate profits are going to start falling. It’s also worth noting that we are still far from a correction—a decline of at least 10%. The S&P 500 at 5,872 is off just 3.6% from its record close is 6,090 on December 6. When technicals deteriorate, as they have recently, it can take a while for them to be restored. Krinsky says he can’t rule out further downside and expects a “deeper more sustained drawdown” in early 2025. Yet there’s still plenty of support for corporate profits, along with hopes that President-elect Donald Trump’s deregulatory agenda and tax cuts will provide some stimulus to the economy and keep profits afloat (assuming tariffs don’t derail the economy and cause inflation to spike back up). Yardeni, who has been bullish for some time, isn’t changing his tune. “The correction could last through January on concerns about a government shutdown, longshoremen’s strike, tariffs on day one of Trump 2.0, and delayed tax-related profit-taking,” he wrote. “Yet we are still aiming for 7000 on the S&P 500 by the end of next year.” 5 days prior to rate announcement Rate Announcement Day and..... Bitcoin, etc. response ; WHUMP !.........Instantly down to the 100k Mark.......AND The White Diagonal ! With this chart not even including that white diagonal !....... Where if that diagonal (and the 100k fail to hold) ?.......Then THIS here scenario becomes more realistic IMHO Show more
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Moonboy1
Yep exactly. We are in a Bitcoin war right now. They are going to do whatever it takes to keep the price at this level until black Rock gets what it wants. Also other countries want it. I said this would happen several years ago.
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Doubledown75
End the fed solves the problems
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mm41
Whether indices, stocks or Bitcoin 21:20#621In this text, which is very often published on the Internet and in forums, it is easy to see a scheme by which a wealthy individual or group of traders can manipulate stocks and even the entire index completely legally.... Whether indices, stocks or Bitcoin 21:20#621In this text, which is very often published on the Internet and in forums, it is easy to see a scheme by which a wealthy individual or group of traders can manipulate stocks and even the entire index completely legally. Anyone who followed a large number of stocks on the American stock exchanges could easily see that someone with a lot of money was manipulating the stock prices, which rose unimaginably high for no reason. Diagrams show very clearly that this process has been repeated for 2,000 years, because even then stock prices rose by 10 percent or more every day. This was a sign that someone was manipulating the stock price in their favor and a crash was imminent, which is what happened. Then an entire segment, NEMAX, went bankrupt in Germany. In this text it is easy to see how manipulators manipulate the mass of investors. WORTH READING: In every profession there are a dozen or more important rules. Knowing them is what separates the amateur from the professional. Not knowing them? Let me put it this way: how safe would you feel if you suddenly found yourself flying a Boeing 747 alone as it landed on the runway? Unless you are a professional pilot, you would be scared to death and would shit your pants. Keep that in mind as you read this article. ... because I am going to explain to you how market manipulation works! To speculate successfully, you should assume one thing: the small cap markets exist primarily to fleece you I am talking about markets like Vancouver, Alberta, the OTC (Pinksheets, OTC BB, etc.). You can also extend this to other markets like Toronto, New York, Nasdaq, London.... The average investor will not have much success gambling on small caps. For these markets to continue, new losers must enter the market. The assumption that such crazy activity can only be short-lived is incorrect. I propose a different solution. What the professionals and banking regulators know and understand, but the rest of us do not, is this: Rule #1 all violent price movements - up or down - are the result of one or more (usually a group) of professionals manipulating the price. This is supposed to explain why a mining company finds something good and nothing happens. At the same time, without any obvious reason, a stock suddenly races up on low volume. Someone is manipulating the stock, often with an unsubstantiated rumor. For these manipulations to work, the professionals assume that {A} people are stupid and {B} people buy primarily when the price of the stock is high and {C} sell when the price is low. Therefore, the market manipulator can be successful as long as he controls the volume. Let's be clear: The reason you speculate in these markets is because you are greedy and optimistic. You believe tomorrow will be better and you need to make money fast. It is this attitude that the market manipulator exploits. He grabs you by your greed and fear for a particular stock! When he wants you to buy, the future of the stock looks like the next Microsoft. As soon as the manipulator wants you to get off the sinking ship, he suddenly becomes very cautious about his comments about the company. This brings us to the next rule: Rule #2 As soon as the market manipulator wants to sell his stock, he will launch a good news promotional campaign. Have you ever wondered why a certain company is portrayed as if it is the greatest thing since the invention of sliced ??bread? This sentiment is deliberately created. Newsletter writers are hired - secretly or not - to hype up a certain stock. Public relations firms are hired and let loose on unsuspecting audiences. Contracts to appear on radio talk shows are signed and executed. An advertising campaign begins (TV commercials, newspaper ads, flyers). The banks get cheap stock to recommend the company in their letters to clients. The company appears at investment conferences to tell you how really different their company is. Strange little enthusiastic threads appear on the boards, always from the same kind of pusher, the more the merrier. The HYPE begins. The smarter a stock promoter is, the better his knowledge of the advertising industry. Little tricks are used, e.g. making a totally unknown company look interesting by comparing it to a recent success story. This is the position sermon see Ries and Trout. The only reason you are invited to this seemingly incredible banquet is because you are the main course! Show more
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