Bitcoin price 171224

@darkflame 69

8 days ago (Edited)

bitcoin

Oh no! Bitcoin is crashing to... 106k?

https://bitcointicker.co/stamp/btc/usd/1hr/

We need some perspective here, this is ATH zone.

https://bitcointicker.co/stamp/btc/usd/7days/

CoinMarkets.Today

BTC Market Cap Dominance rises slightly to 53.9% from 53.59% yesterday.

https://coinmarkets.today/

This past week, BTC is still up +13.5%

https://coinmarkets.today/

Something called HYPE or Hyperliquid is up 108.7% this week,

https://www.coingecko.com/en/coins/hyperliquid

Always go straight to the White Paper and read it.

There are 4 exchanges trading HYPE/USDT And the most volume is on Hyperliquid's app

https://app.hyperliquid.xyz/trade/HYPE/USDC

Some parts of this are interesting, but "Referrers received 10% of their referees' taker fees." https://hyperliquid.gitbook.io/hyperliquid-docs/trading/fees

and "Each Hyperliquidity strategy has a price range defined recursively px_0 = startPx, px_i = round(px_{i-1} * 1.003). The strategy updates on every block where the block time is at least 3 seconds since the previous update block. After each update:
[1]Strategy targets nFull = floor(balance / orderSz) full ask orders and a balance % orderSz partial ask order if the partial order is nonzero. To the extent that ALO orders are not rejected, these orders are ensured. [2]Each fully filled tranche is modified to an order of side orderSz on the side with available balance, with the exception of the single partial order from (1) if it exists.

The resulting strategy guarantees a 0.3% spread every 3 seconds."
hyperliquid.gitbook/hyperliquidity

One Billion HYPE, and it has Genesis deposits of $8b worth of USDC.

This blog seems to have more information about that. I am moving on :)
https://wublock.substack.com/p/10-sets-of-data-to-understand-hyperliquid

"Hyperliquid has accumulated over 1.5 billion USDC in assets, comparable to the 14th largest cryptocurrency exchange in the world"

Research and thoroughly read all Docs about any project first.

I digress.. only because it is up over 100% as BTC trades over 100k, and it is new to me.

Bitcoin is currenly $106,789 USD

How high will BTC go before Christmas?

Will Buyers drive the price up to 120k before Summertime?

https://www.bitget.com/trading-bot/spot/BTCUSDT

The battle for $120,000 Bitcoin rages on,
will BTC be able to break through the 110k ceiling?

A better question is...

https://www.xe.com/currencyconverter/convert/?Amount=1&From=CAD&To=USD

How low will currencies go in 2025?

Once again a spectacular year for the Loonie.
https://www.xe.com/currencycharts/?from=CAD&to=BTC

Down a solid 99.7% vs BTC over the past decade.

Lots of price adjustments as the CAD rates changed vs USD to BTC this past week.

Latest Block: 875,193

"A total of 7,035.87 BTC ($750,280,424) were sent in the block with the average transaction being 2.9575 BTC ($315,377). AntPool earned a total reward of 3.13 BTC $333,771. The reward consisted of a base reward of 3.13 BTC $333,771 with an additional 0.1050 BTC ($11,196.82) reward paid as fees of the 2,379 transactions which were included in the block."

https://www.blockchain.com/explorer/blocks/btc/875193

What can we do differently moving forward, to ensure 2025-2035 is full of prosperity?

https://www.bitget.com/trading-bot/spot/BTCUSDT