Sjuul achieved financial independence through years of immersion in cryptocurrency. Starting in 2016, he faced ups and downs, losing in 2018 but rebounding in 2020 with calculated trades during the 2021 bull run. Early adoption of DeFi projects like BNB and Pancakeswap significantly boosted his portfolio. Sjuul, now with over 700,000 followers, shares his crypto journey on Twitter and educates through AltCryptoTalk, emphasizing the importance of staying ahead in the dynamic crypto world.
Altcoin Market Gains Momentum Following Bitcoin's Rally
This long-form analysis takes a deeper look at the ongoing rally in altcoin markets and potential investment opportunities as Bitcoin dominance continues to decline.
Sjuul Follings
The altcoin market appears to be hitting its stride as it breaks out of a key technical pattern. Momentum looks strong and several leading altcoins are challenging resistance levels. With Bitcoin continuing to push higher and broader market sentiment remaining solid, the environment looks conducive for the altcoin rally to continue unlocking further upside potential in large and small-cap altcoin projects alike. However, normal volatility should be expected along the way.
Crypto must have caught your eye to be looking at this right now... Cryptocurrencies, what are they and how do they work? Join us as we dive into the exciting landscape of cryptocurrencies.
Sjuul Follings
If you’re here it’s probably because you have no idea or a very slight understanding of Crypto. You probably hear people saying it’s fake, a scam or the future of currencies. In this article, you will understand what Crypto is, how it works and why it will be the next generation of currency.
BlackRock and Bitwise Revise Applications for Spot Bitcoin ETF
BlackRock and Bitwise have filed revised applications for a spot Bitcoin ETF with the SEC, incorporating clarifications and amendments, signaling progress towards potential approval.
Sjuul Follings
BlackRock and Bitwise have filed updated applications for a spot Bitcoin ETF with the SEC, addressing potential regulatory concerns and making significant amendments. This development, along with expected updates from other applicants, signals progress towards potential approval in the near future.
Korean Won Surpasses US Dollar as Top Fiat Currency for Bitcoin Trading.
The Korean won has become the largest fiat trading pair for Bitcoin, outpacing the US dollar for the first time amid the recent rally in BTC prices.
Sjuul Follings
Through building accessible infrastructure early on and pioneering exchanges paired with progressive regulation, South Korea established itself as the dominant crypto market globally as its currency, the won, surpassed the dollar in BTC trading volumes.
Bitcoin's Impressive Rally: Surpassing $44K and Meta's Market Cap
Bitcoin's recent surge above $44,000 propels it ahead of Meta in market capitalization, positioning it as the 9th most valuable asset globally and edging closer to a $1 trillion market cap.
Sjuul Follings
Bitcoin's recent surge past $44,000 has positioned it as the 9th most valuable asset globally, overtaking Meta in market capitalization. This significant development reflects a shift in the financial asset hierarchy and points toward Bitcoin's potential to achieve a $1 trillion market cap.
DeFi Market Rebounds to $50B as Speculators Hunt for Yield
The total amount of capital locked or staked across all decentralized finance (DeFi) protocols reached $50 billion as the value of underlying assets surged and investors sought to secure a yield on their crypto holdings.
Sjuul Follings
Increased appetite for risk-free yields amid a volatile crypto market has pushed capital back into decentralized finance, with Total Value Locked surpassing $50 billion for the first time since June 2023. Further growth will depend on protocol innovations and macroeconomic conditions going forward.
Fewer Russians Now Trading Crypto – Central Bank Says Trading Volume Has Declined
The Central Bank of Russia has revealed that the number of Russian citizens trading cryptocurrency has decreased, with data showing a fall in visits to major crypto exchange websites and trading volumes.
Sjuul Follings
The Central Bank report provides insights into how international sanctions as well as bearish market cycles are reshaping the contours of cryptocurrency use within Russia's borders. Ongoing monitoring of crypto risks will remain important as the country adapts to navigate sanctions and decentralized finance.
Blockstream CEO Adam Back Predicts $700k Bitcoin Within 2 Years
Blockstream CEO Adam Back says Bitcoin's market cap could flip gold within 2 years, bringing its price to $700k. Here's his analysis on Bitcoin becoming the new digital gold.
Sjuul Follings
Adam Back makes a very bullish case for Bitcoin reaching $700k based on historical supply and demand factors. While this may seem unrealistic today, cryptocurrency is still a young asset class undergoing massive adoption growth. If Bitcoin does cement its status as digital gold in the coming years, reaching over $100k does not seem out of the question according to analysts. Only time will tell if Back's $700k prediction comes true.
Crypto.com Receives Key UK Regulatory Nod to Advance E-Money Services
Crypto exchange Crypto.com has received approval from the UK's Financial Conduct Authority to operate as an Electronic Money Institution, unlocking its ability to offer regulated e-money and payment products to consumers in the sizable British market.
Sjuul Follings
Gaining an EMI license in the UK underscores Crypto.com's commitment to comply with local rules as it progresses global expansion. The approval allows it to leverage the growing electronic money sector and better serve the cryptocurrency needs of UK consumers through regulated e-money offerings. It demonstrates continued progress in responsible innovation and mainstream adoption of digital assets.
The Fear & Greed Index signals optimism, while traditional markets like US500 and DXY maintain a bullish trend. Gold approaches an all-time high amid uncertainty. BTC and ETH face resistance levels, emphasizing the need for vigilant monitoring of key support and resistance for potential market shifts
Sjuul Follings
In this edition: Cryptocurrency bulls lead with BTC up by 5% and ETH by 3.5%. Fear & Greed Index signals 'Greed,' reflecting trader optimism. US500 and DXY bullish but face resistance, while Gold approaches all-time high.