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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The price ofBitcoin (BTC)has solidified its position above the crucial support level of $66,000, leading some crypto traders to express confidence and optimism about BTC. Some even cast doubt on an imminent deep correction, proclaiming that a local bottom has already been formed. BTC is currently trading at $67,188, gaining 10.2% over the past 7 days and 4.73% over the past 30 days.\nPseudonymous trader, Rekt Capital,observedthat BTC has already experienced a deep and prolonged correction, and the market is likely approaching its bottom. According to CoinMarketCap data, Bitcoin\'s price dropped by 15% from $66,421 on April 24 to $56,792 on May 2. However, just four days after the dip, Bitcoin\'s price rebounded above the critical support level at $65,146. This pattern is seen as common during bull runs, where sudden and sharp corrections are followed by quick recoveries.\nCrypto trader Magsreferredto the "Psychology of a Market Cycle," a popular market graphic known as the Wall Street Cheat Sheet, to suggest that Bitcoin is entering the "belief" phase of the cycle. This phase is characterized by investors gaining more confidence in market gains.\nAnalysts and observers are closely monitoring Bitcoin\'s price for signs of further correction, particularly following the Bitcoin halving event on April 20. Historical halving events serve as a precedent for such analysis. After the Bitcoin halving in May 2020, the price surged from $9,383 to $58,958 by May 2021. However, a month later, it experienced a 40% correction, dropping to $35,484 in June.', 'The price ofBitcoin (BTC)has solidified its position above the crucial support level of $66,000, leading some crypto traders to express confidence and optimism about BTC. Some even cast doubt on an imminent deep correction, proclaiming that a local bottom has already been formed. BTC is currently trading at $67,188, gaining 10.2% over the past 7 days and 4.73% over the past 30 days.\nPseudonymous trader, Rekt Capital,observedthat BTC has already experienced a deep and prolonged correction, and the market is likely approaching its bottom. According to CoinMarketCap data, Bitcoin\'s price dropped by 15% from $66,421 on April 24 to $56,792 on May 2. However, just four days after the dip, Bitcoin\'s price rebounded above the critical support level at $65,146. This pattern is seen as common during bull runs, where sudden and sharp corrections are followed by quick recoveries.\nCrypto trader Magsreferredto the "Psychology of a Market Cycle," a popular market graphic known as the Wall Street Cheat Sheet, to suggest that Bitcoin is entering the "belief" phase of the cycle. This phase is characterized by investors gaining more confidence in market gains.\nAnalysts and observers are closely monitoring Bitcoin\'s price for signs of further correction, particularly following the Bitcoin halving event on April 20. Historical halving events serve as a precedent for such analysis. After the Bitcoin halving in May 2020, the price surged from $9,383 to $58,958 by May 2021. However, a month later, it experienced a 40% correction, dropping to $35,484 in June.', '• 10x Research suggests selling out-of-the-money (OTM) call and put options tied to bitcoin while holding the cryptocurrency in the spot market.\n• The so-called covered strangle strategy will generate a 17% yield, in addition to the upside from the spot market holding\nBitcoin {{BTC}} investors looking to generate extra income in addition to their spot market holdings should consider setting a "covered strangle" options strategy, research firm 10X, which has animpeccable recordof predicting market trends, said Monday.\nThe \'covered strangle\' strategy involves holding the underlying asset in the spot market and simultaneously selling an out-of-the-money (OTM) call option at levels (known as strikes in options parlance) above the underlying asset\'s going market rate and selling an OTM put at strikes below the underlying\'s spot market price.\nThe premium received for selling/shorting the call option, or protecting the counterparty from price rallies, and selling the put or insurance against downtrends, represents the extra yield.\n10x suggests selling a $100,000 strike call, which is 50% above BTC\'s current market price, and a $50,000 strike put, both expiring in December 2024, while holding the cryptocurrency in the spot market.\n"Our favorite strategy is to buy bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry. Selling the call could yield 11%, and selling the put could yield 6%," Markus Thielen, founder of 10x Research, said in Monday\'s client note, detailing the suggestion.\n"Hence, this strategy provides us with either a 17% downside buffer or 17% more yield, depending on where BTC closes in December, plus we would capture all the upside (or downside) for bitcoin," Thielen added.\nThe strategy is preferred when the market outlook is bullish, but the uptrend is expected to unfold slowly, keeping implied volatility or investors\' expectations for price turbulence low. In such conditions, options, particularly OTM call and put options, bleed value faster as expiry nears, making money for sellers.\nThe strategy, though appealing, is now without risks and requires a high tolerance for risk. That\'s because the risk is leveraged below the level at which the put option is sold, in this case, $50,000.\n"Below the lower strike price, both the long stock and short put incur losses, and, as a result, percentage losses are twice what they would be for a covered call position [buy spot = sell OTM call] alone," Fidelity said in a \'covered strangle"explainer.\nIn other words, 10x\'s strategy is for those who believe bitcoin\'s bull market will progress slowly and corrections, if any, will not see prices drop below $50,000. As of writing, bitcoin changed hands at $67,170, representing a 58% year-to-date gain,CoinDesk data show.\nSeveral analysts, including Thielen and Arthur Hayes, former CEO of crypto exchange BitMEX, expecta slow grind higher.', '• 10x Research suggests selling out-of-the-money (OTM) call and put options tied to bitcoin while holding the cryptocurrency in the spot market.\n• The so-called covered strangle strategy will generate a 17% yield, in addition to the upside from the spot market holding\nBitcoin {{BTC}} investors looking to generate extra income in addition to their spot market holdings should consider setting a "covered strangle" options strategy, research firm 10X, which has animpeccable recordof predicting market trends, said Monday.\nThe \'covered strangle\' strategy involves holding the underlying asset in the spot market and simultaneously selling an out-of-the-money (OTM) call option at levels (known as strikes in options parlance) above the underlying asset\'s going market rate and selling an OTM put at strikes below the underlying\'s spot market price.\nThe premium received for selling/shorting the call option, or protecting the counterparty from price rallies, and selling the put or insurance against downtrends, represents the extra yield.\n10x suggests selling a $100,000 strike call, which is 50% above BTC\'s current market price, and a $50,000 strike put, both expiring in December 2024, while holding the cryptocurrency in the spot market.\n"Our favorite strategy is to buy bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry. Selling the call could yield 11%, and selling the put could yield 6%," Markus Thielen, founder of 10x Research, said in Monday\'s client note, detailing the suggestion.\n"Hence, this strategy provides us with either a 17% downside buffer or 17% more yield, depending on where BTC closes in December, plus we would capture all the upside (or downside) for bitcoin," Thielen added.\nThe strategy is preferred when the market outlook is bullish, but the uptrend is expected to unfold slowly, keeping implied volatility or investors\' expectations for price turbulence low. In such conditions, options, particularly OTM call and put options, bleed value faster as expiry nears, making money for sellers.\nThe strategy, though appealing, is now without risks and requires a high tolerance for risk. That\'s because the risk is leveraged below the level at which the put option is sold, in this case, $50,000.\n"Below the lower strike price, both the long stock and short put incur losses, and, as a result, percentage losses are twice what they would be for a covered call position [buy spot = sell OTM call] alone," Fidelity said in a \'covered strangle"explainer.\nIn other words, 10x\'s strategy is for those who believe bitcoin\'s bull market will progress slowly and corrections, if any, will not see prices drop below $50,000. As of writing, bitcoin changed hands at $67,170, representing a 58% year-to-date gain,CoinDesk data show.\nSeveral analysts, including Thielen and Arthur Hayes, former CEO of crypto exchange BitMEX, expecta slow grind higher.', '• ETH and BTC are trading flat as Asia\'s business week opens.\n• Traders are looking at the ETH ETF decision, and Nvidia earnings this week.\nThe crypto market was listless early Monday, with bitcoin {{BTC}}, the biggest digital asset market by value, trading flatat $67,156and ether {{ETH}} changing hands at $3,127, according toCoinDesk Indices data.\nThe consolidation follows a week of bullish action triggered by renewed optimism about a U.S. rate cut and the rally in stocks.\nThings could soon get busier again with the first decisions for ether exchange-traded funds (ETFs) due. The Securities and Exchange Commission is set to weigh in on VanEck\'s ether exchange-traded fund (ETF) on May 23 and the Ark/21 Shares one on May 24, as well as Nvidia earnings.\nMarch Zheng, managing partner of Bizantine Capital, told CoinDesk in an interview that while the market has priced near the certainty of a rejection, there are still some reasons to be optimistic.\n"There are
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-20
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,318,998,721,894
- Hash Rate: 644799036.2919042
- Transaction Count: 626995.0
- Unique Addresses: 482108.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.70
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: London, U.K., May 07, 2024 (GLOBE NEWSWIRE) -- MicroStrategy, a US-based software business, now holds more BTC than any one in the world, after increasing its holdings to nearly $14 billion (£11 billion). Now, it is being speculated that Michael Saylor’s company is eying potential investment inBlockDAG Network.
Michael Saylor and The Bitcoin Boom
Many have seen millions of dollars in returns with the “Bitcoin boom,” but Michael Saylor has made billions with the “first” cryptocurrency. The dot-com entrepreneur’s bold move in 2020 to initiate big Bitcoin purchases has yielded substantial returns this 2024.
Bloomberg data reports that Saylor, the co-founder and executive chairman of MicroStrategy Inc, has reportedly amassed around $400 million through planned daily sales of approximately 5,000 shares of the enterprise software company from January to the previous week. MicroStrategy's stock has doubled in value this year, reaching about $1,290 (£1,000), surpassing even the gains of Bitcoin during the same period. In comparison, at the end of 2014, MicroStrategy was trading around $160 (£125).
In its latest financial report, MicroStrategy, headquartered in Tysons Corner, Virginia, disclosed the acquisition of over 25,000 BTC during the first four months of 2024, bolstering its total holdings to 214,400 BTC – surpassing 1 percent of all Bitcoins in circulation.
With this significant accumulation, MicroStrategy solidifies its position as the largest corporate holder of Bitcoin globally, boasting over ten times the holdings of the second-largest public company, mining firm Marathon Digital Holdings.
The company’s Bitcoin reserves now exceed those of the United States, which holds 207,189 BTC valued at $13.5 billion (£10.7 billion), as reported by Bitcoin Treasuries.
BTC is currently valued at approximately $63,000 (£50,800) per coin and on a rebound from last week’s low of $56,000–Despite price fluctuations, MicroStrategy has seen its crypto investment appreciate by over $6 billion (£4.7B). The company shows no signs of divesting, and now, it is being speculated that the investment team is keeping an eye on a newer cryptocurrency project,BlockDAG Network.
Analysts Are Bullish on Bitcoin and BlockDAG Network
As Michael Saylor continues to make billions through the strategic acquisition of Bitcoin, speculations have started to get around in the crypto industry about his company, MicroStrategy's potential interest in diversifying its digital asset portfolio with BlockDAG Network.
BlockDAG Network, an emerging project, hailed as one of the most innovative platforms in the blockchain industry today, is on its journey to revolutionise the decentralised finance sector with its groundbreaking technology and democratic vision–could this be the reason why Michael Saylor’s investment group is allegedly interested in the purchase of millions worth of BDAG coins?
The news comes after the brand's recent release of the roadmap through which BlockDAG Network has outlined ambitious plans for development and expansion, signalling its commitment to becoming a leading player in the crypto market.
The brand’s unique block-directed acyclic graph (DAG) structure offers scalability, security, and efficiency, addressing some of the key challenges faced by traditional blockchain networks.
For investors of both MicroStrategy andBlockDAG Network, the potential collaboration could open up new avenues for growth and diversification. By leveraging MicroStrategy's vast resources and expertise in the crypto space, BlockDAG Network could accelerate its trajectory towards global and mainstream adoption and solidify its position as a top project in the industry. On the other hand, MicroStrategy investors could benefit from the added diversification of their crypto asset portfolio and potential gains from BlockDAG's success.
The release of BlockDAG Network's roadmap further underscores its commitment to innovation and progress. With plans for the development of new features, partnerships, and community engagement initiatives, the network is poised for rapid growth and expansion in the coming months, with analysts bullish on the 2025 prospects of BDAG coin reaching anywhere between $10 and $25 per coin (between £8 and £19).
As Saylor weighs his options for strategic investments, BlockDAG Network's potential to disrupt the status quo and drive value creation could make it an attractive proposition for MicroStrategy and its investors
Amid Bitcoin's resurgence, projected to top last March’s record highs of $73,000 (£58,000), Mr. Saylor reinforced his bullish stance through a tweet on Monday "Bet on the winner #Bitcoin." Now, speculation abound regarding his potential business investments in innovative projects like BlockDAG Network.
With MicroStrategy's significant holdings in Bitcoin and its demonstrated commitment to expanding its crypto portfolio, the allure of emerging global networks such as BlockDAG is undeniable. BlockDAG's groundbreaking technology and ambitious roadmap may present an attractive opportunity for MicroStrategy to diversify its crypto assets further and tap into a growing asset. As Saylor's vision continues to drive MicroStrategy's investment decisions, the prospect of a partnership or investment in BlockDAG Network could signal yet another bold move in the company's crypto journey and a huge rise in BDAG coin’s value.
Read AboutBlockDAG Presale:
Website:https://blockdag.network
Presale:https://purchase.blockdag.network
Telegram:https://t.me/blockDAGnetworkOfficial
Discord:https://discord.gg/Q7BxghMVyu
Disclaimer:The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: Brown Williams support (at) blockdag.network...
- Reddit Posts (Sample): [['u/Infamous-Shop-2730', 'Lost 60k on stake with no net worth', 29, '2024-05-20 00:28', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/', 'I liked stake by watching from streams and some reels\nDeposited inr 1000 from bank made it 4k and list all in 3days\nThen i saw the option if crypto and I had 70k 80k₹ worth of btc which I bought at 28lac price k somehow felt to use the profit anyway \n\nSo deposited 6k lost and then 7k lost and then \n50k and lost it all\n\nI have become too much of free mind and now humbled enough \nBeing from middle class family( the fact middle class) this was my biggest blunder yet.\nSAMAY PLEASE DROP A LAUGHING EMOJI BELOW. BUT ANYWAYS THIS WAS MY RANT\n', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/', '1cw07xv', [['u/Solid-Monitor-3088', 66, '2024-05-20 00:40', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/l4sqvik/', "Most gamblers quit before hitting big , so you're missing out", '1cw07xv'], ['u/random--shit', 18, '2024-05-20 01:32', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/l4sy5th/', "Why ? Like on the stream raftar did say that kids shouldn't do it .", '1cw07xv'], ['u/StrictTraffic3277', 12, '2024-05-20 03:33', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/l4tep4h/', 'Stop watching hikaru', '1cw07xv']]], ['u/qualaric', "What's the outcome of AI girlfriends other than women going broke!?", 46, '2024-05-20 00:49', 'https://www.reddit.com/r/LengfOrGirf/comments/1cw0o46/whats_the_outcome_of_ai_girlfriends_other_than/', "People say about the demographic of this sub is a bunch of dork drama queen black bums btches! And don't have the bandwidth of an actual dialog!\n\nProve then wrong GO", 'https://i.redd.it/6uvmda8qpg1d1.jpeg', '1cw0o46', [['u/alienswillarrive2024', 14, '2024-05-20 00:58', 'https://www.reddit.com/r/LengfOrGirf/comments/1cw0o46/whats_the_outcome_of_ai_girlfriends_other_than/l4stdab/', "We already have sex dolls and sex robots that are in it's infancy stage, the demand is too high for it not to happen once the tech is available.", '1cw0o46']]], ['u/TheGDC33', 'The case for $KENDU Info Journal #1', 60, '2024-05-20 02:05', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/', "Here is the first installment of data/information on $KENDU, a memecoin built with a plan around a strong dev with experience and vision. THIS IS NFA, but merely sharing of my perspective on this coin. I have been in the crypto space since 2017 and as of about six weeks ago I had avoided touching memecoins altogether. I had a plan, but it all got derailed when I kept digging and reading and looking at KENDU. Yes, I have a bag, but that doesn't mean I am trying to tell you to buy. I merely want to provide an avenue for you to see the facts and come to your own financial choice (As of starting this and writing I have already read a couple additional posts from KENDU members and it is really really hard to keep up with these Chads and Chadettes. We don't gamble, We Work is just as much that calling card as it is the ethos!)\n\n \nHistorically as the godfather/HBIC/Champion of crypto-BTC ebbs and flows and all others follow it. After the halving historically BTC has topped out about 12 - 18 months later. Yes, I know that a new ATH happened pre-halving, but all metrics point to this pattern still holding up, so let's presume we have 11- 17 months to go. That would put us in October 2025.\n\nPoint #1: THIS IS THE RIGHT TIME with a low marketcap and constant growth (holders and TG members).\n\nThis brings me to my first point $KENDU has plenty of time to keep growing organically where holders and TG members keep going up, price will follow when it damn well wants to. I love KENDU because the roadmap is laid out. Right now could be a great time to buy if you feel it is right for you. I surely would love to have gotten in at this purchase price, but the road to the top is NEVER a straight line. Kendu Miazaki is targeting a 20 billion market cap. If you were to be ultra conservative with your investment and say 500 million market cap, that is still 25x away. \n\n[SHIB 50% retracements throughout most of its rise to stardom](https://preview.redd.it/ah7l8jb02h1d1.jpg?width=1069&format=pjpg&auto=webp&s=b43f372fa7a3f9c47a8b2f60014ecdc9cadc115a)\n\n \nOur community member circled all the places $SHIB retraced 50% or more from Feb 2021 - to May 2024 (I can't even keep up. I wanted to see a comparison of any hyper successful memecoin's path and there it was in the TG)-->insert Ethos. Check other successful memecoins with meteoric rises (DOGE, PEPE, WIF, FLOKI, BONK) for yourself. Those who can understand the vision and goals laid out by our fearless leader Kendu Miazaki will see this coin is still in its infancy. It could retrace another 20% or start rising meteorically ( I started this a couple hours ago and that retrace which I was targeting as a buy in price and then went all in anyway, has already hit), but my job is to arm you with facts to inform you on your journey.\n\n \nTLDR: $KENDU is going to sendu and help you make monstrous gains if you invest. This really could be the bottom or it could go down a bit more, but here is what I would share to encourage confidence [Cowboy of Crypto Checks Holder Wallets of KENDU](https://www.youtube.com/live/YuKB-AVyA8c?si=SjBFuPATxug-Jzjg) (TIME STAMPS: 18:25 - 27:00 then he buys...he was talking to me about clipping the video, but he didn't know I wasn't smart enough to figure it out and a 1 minute clip was not enough). It took me a while to figure it out, but I did the same thing with a number of wallets and I couldn't even find any sells (I did find my own wallet). The top holders are doing just that: HOLDING or BUYING more.\n\n \nHappy to answer any questions, but go easy on me as this was my first foray into trying to share. \n\nNext Episode = Point #2 The Community my experience.", 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/', '1cw29kj', [['u/jimjamj14', 21, '2024-05-20 02:09', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t34au/', '$KENDU is following the same pattern it did right before exploding up to 60mil 👀…', '1cw29kj'], ['u/Disastrous_Mango_772', 22, '2024-05-20 02:09', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t35yt/', 'What a write up! $Kendu is about to sendu', '1cw29kj'], ['u/Humble_Fan6347', 20, '2024-05-20 02:10', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3c01/', "I'm all onboard this. The key for me has been finding an Alpha to get into with community as the focus. I was looking for something to emerge pre bullrun kicking in. And something that followed a similar process to Shib. Organic, no paid influencers and pump and dump mentality. I've now loaded up on Kendu and am looking forward to riding it over the next 12 months.", '1cw29kj'], ['u/Bigsal0009', 25, '2024-05-20 02:11', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3hug/', 'All great points. Feeling are the same for kendu. Honestly get the same vibe as early Shib. And that’s a breath of fresh air. Not to mention Shytoshi himself popped in out TG and is featuring us in Shib Magazine soon. Which will expose us to loads of new buyers!!', '1cw29kj'], ['u/dilutedbreakfast', 18, '2024-05-20 02:13', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3q7q/', "Well said my dude, I've gone all in on $KENDU", '1cw29kj'], ['u/stayseaart', 19, '2024-05-20 02:15', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3xix/', 'This was beautifully written — this is by far the most active and raw community I’ve seen in a long time. Hats off, helmets on $kendu', '1cw29kj'], ['u/RegardedQt314', 18, '2024-05-20 02:16', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t41pw/', "i love write ups like these, really shows you that Kendu is building something special. that video of that crypto cowboy investor checking the top 20 wallets and seeing that they're not selling was hilarious to watch 😅", '1cw29kj'], ['u/Gullible_Touch2735', 15, '2024-05-20 02:17', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t47n0/', "Very well written and I'm sure I can speak for everyone here when I say we're happy to have you. 500 mil ath is hard fud though ; )", '1cw29kj'], ['u/TheGDC33', 15, '2024-05-20 02:17', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t4884/', 'Really want to try and do the next one about the community (and maybe I will be in a good head space to even touch on the idea of building community and how vital that is...Not just for Crypto for humans as social beings', '1cw29kj'], ['u/mwardell142', 13, '2024-05-20 02:18', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t4cqo/', "Agree about the timing of the project. Perfect amount of time to allow growth, and to get eyes on the project while everything's in a bit of a lull. I'm expecting a huge takeoff after new eth ATH", '1cw29kj'], ['u/TheGDC33', 16, '2024-05-20 02:18', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t4g6g/', "Yes I know it isn't even close to the potential or goals, but I don't want to shove some number in people's faces that is very far off for many and will be filled with lots of ups and down. I think the number is used is SOOOOOO conservative yet tangible plus it is still a...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['• US stocks traded mostly higher on Monday, with shares of Nvidia leading the way.\n• Nvidia stock surged about 3% ahead of its first-quarter earnings results on Monday.\n• JPMorgan weighed down the Dow after CEO Jamie Dimon said now is not the time to buyback stock.\nMajor US stock indexes were mostly higher on Monday, withNvidiastock leading the way with a gain of nearly 3% ahead of its hotly anticipated first-quarter earnings report on Wednesday.\nInvestors expect the company to report quarterly sales of nearly $25 billion, which is about four times the $6.5 billion in revenue it did in the year-ago quarter.\nNvidia\'s sharp rise helped the Nasdaq 100 outperform the other major indices on Monday, while JPMorgan stock dropped 4%, weighing on the Dow Jones Industrial Average.\nJPMorganCEO Jamie Dimon struck a cautious tone on the economy on Monday, highlighting that today\'s geopolitical tensions represent risks not seen since World War II. Dimon also said it\'s unlikely he\'ll remain CEO of the bank five years from now, and said the stock is too expensive to buyback.\n"We\'re not going to buy back a lot of stock at these prices," Dimon said. "Buying back stock as a financial company greatly in excess of 2x tangible book is a mistake."\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Monday:\n• S&P 500:5,308.19, up 0.09%\n• Dow Jones Industrial Average:39,807.69, down 0.49% (-195.90 points)\n• Nasdaq composite:16,794.88, up 0.65%\nHere\'s what else happened today:\n• Veteran tech analyst Gene Munster said he expects an AI boom in the stock marketthat will lead to a bubble within the next five years.\n• The threat of a recession appears real as 19 states see a rise in their unemployment rate.\n• The global stock market rally has even helped boost China\'s fledging equity market.Analysts think there\'s more room to run.\n• Morgan Stanley\'s CIO and long-time bear Mike Wilson threw in the towel and turned bullish on the stock market,boosting his S&P 500 price target 20% to 5,400.\n• Gold prices hit another record high on Monday, suggesting that interest rate cutsfrom the Federal Reserve are imminent.\n• Janet Yellen said G7 leaders are looking at plans to offer Ukraine a $50 billion loan using frozen Russian funds.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped 0.38% to $79.28 a barrel.Brent crude, the international benchmark, fell 0.29% to $83.74 a barrel.\n• Goldedged higher by 0.66% to $2,433.40 per ounce.\n• The 10-year Treasury yield rose 2 basis points to 4.44%.\n• Bitcoinsurged 5.45% to $69,883.\nRead the original article onBusiness Insider', "Bitcoin (BTC)has made a strong rally, surging past the coveted $70,000 mark and touching $71,785, as spot buying and the growing interest in spot Bitcoin exchange-traded funds (ETFs) contributed to the bullish momentum.\nWhile some analysts havesuggestedthat certain indicators are showing market top patterns, the majority of on-chain indicators indicate the presence of a nascent bull market. The recent bounce in support near $60,000 has generated increased interest, with Farside Investors reporting inflows of approximately $950 million last week, a level not seen since March.\nBitcoin's 51% year-to-date gain aligns with investors' expectations of U.S. monetary expansion. The M2 monetary base in the United States surpassed $21.0 trillion in April 2024, indicating rising inflationary pressures despite some hesitancy in spending by individuals and companies. The strategies employed by the United States Federal Reserve to manage inflation and avoid a recession could impact liquidity and the attractiveness of scarce assets like Bitcoin.\nFurther fueling the bullish sentiment, BTC reserves on exchanges have hit a seven-year low,accordingto CryptoQuant data. As of May 19, major trading platforms held only 1,918,417 BTC, a significant decrease compared to the previous year. This scarcity, combined with the recent halving event that reduced the potential new supply from miners, makes it increasingly challenging to justify a bearish stance on Bitcoin.", "Bitcoin (BTC)has made a strong rally, surging past the coveted $70,000 mark and touching $71,785, as spot buying and the growing interest in spot Bitcoin exchange-traded funds (ETFs) contributed to the bullish momentum.\nWhile some analysts havesuggestedthat certain indicators are showing market top patterns, the majority of on-chain indicators indicate the presence of a nascent bull market. The recent bounce in support near $60,000 has generated increased interest, with Farside Investors reporting inflows of approximately $950 million last week, a level not seen since March.\nBitcoin's 51% year-to-date gain aligns with investors' expectations of U.S. monetary expansion. The M2 monetary base in the United States surpassed $21.0 trillion in April 2024, indicating rising inflationary pressures despite some hesitancy in spending by individuals and companies. The strategies employed by the United States Federal Reserve to manage inflation and avoid a recession could impact liquidity and the attractiveness of scarce assets like Bitcoin.\nFurther fueling the bullish sentiment, BTC reserves on exchanges have hit a seven-year low,accordingto CryptoQuant data. As of May 19, major trading platforms held only 1,918,417 BTC, a significant decrease compared to the previous year. This scarcity, combined with the recent halving event that reduced the potential new supply from miners, makes it increasingly challenging to justify a bearish stance on Bitcoin.", 'The U.S. Securities and Exchange Commission (SEC) appears to be leaning towards approving spot Ether exchange-traded funds (ETFs), prompting a surge in Ether’s value.\nEther traded as high as US$3,710 in the past 24 hours, according to CoinGecko.\nBloomberg analysts Eric Balchunas and James Seyffart have revised their approval probability from 25% to 75%, citing a rise in discussions about expedited 19b-4 filings, a critical step for ETF launches.\nThis potential regulatory shift has not only elevated Ether’s price but also spurred a wider market rally, with Bitcoin trading above US$70,000 for the first time since April.\nThe price jump and market optimism coincide with the SEC’s upcoming deadline to rule on VanEck’s spot Ether ETF application by May 23.\nWhile the market reacts positively, Seyffart warns that the necessary S-1 registration statements could still face delays.\nThe SEC’s evolving stance is influenced by expectations of a potential shift in crypto policies, including a recent cryptocurrency-supportive legislation.', 'Artificial intelligence (AI) took the world by storm since early last year. Software applications like ChatGPT are capable of instantly generating text, images, videos, and computer code through the power of AI, and they are driving a productivity boom for businesses.\nIn fact, some Wall Street forecasts suggest AI will add anywhere between $7 trillion and $200 trillion to the global economy in the coming decade.Nvidia, which designs the industry\'s most powerful data center chips for processing AI workloads, has already added over $1.8 trillion to its market capitalization since the start of 2023 alone.\nBut picking the long-term winners and losers won\'t be easy. Past technology revolutions (like the internet in the early 2000s) have taught us that for every Nvidia in the AI race, there will be several companies that fail. Here\'s the good news: Investors don\'t need a crystal ball to make money if they use one simple strategy.\nExchange-traded funds(ETFs) can hold dozens or even hundreds of individual stocks to either track the performance of a specific market index, or to give investors exposure to a specific sector. They are usually actively managed by a team of professionals who adjust the portfolio in line with the fund\'s objective, which allows investors to take a passive approach.\nThere are several ETFs focused specifically on AI, and by holding so many individual stocks, they insulate investors from catastrophic financial losses if one or two of those companies fail. That\'s a great feature when it comes to investing in emerging, fast-paced technologies.\nWith that in mind, here\'s why theGlobal X Artificial Intelligence and Technology ETF(NASDAQ: AIQ)and theiShares Robotics and Artificial Intelligence Multisector ETF(NYSEMKT: IRBO)are two excellent choices.\nThe AIQ ETF invests in companies that stand to benefit from integrating AI in their products and services, and also those producing the hardware required for AI development. It currently holds 84\xa0 stocks, which include some of the most popular AI names investors want to own.\nThe ETF is heavily weighted toward its top 10 holdings, which account for 34.9% of the total value of its portfolio. That creates some concentration risk, meaning AIQ\'s performance can be heavily influenced by just a few of these stocks:\n[{"Stock": "1. Nvidia", "AIQ ETF Portfolio Weighting": "4.38%"}, {"Stock": "2.Tencent", "AIQ ETF Portfolio Weighting": "4.08%"}, {"Stock": "3.Qualcomm", "AIQ ETF Portfolio Weighting": "3.50%"}, {"Stock": "4.Netflix", "AIQ ETF Portfolio Weighting": "3.44%"}, {"Stock": "5.Meta Platforms", "AIQ ETF Portfolio Weighting": "3.42%"}, {"Stock": "6.Alphabet (Class A)", "AIQ ETF Portfolio Weighting": "3.29%"}, {"Stock": "7.Amazon", "AIQ ETF Portfolio Weighting": "3.27%"}, {"Stock": "8.Alibaba", "AIQ ETF Portfolio Weighting": "3.26%"}, {"Stock": "9.Broadcom", "AIQ ETF Portfolio Weighting": "3.21%"}, {"Stock": "10.Oracle", "AIQ ETF Portfolio Weighting": "3.04%"}]\nData source: Global X. Portfolio weightings are accurate as of May 16, 2024, and are subject to change.\nConcentration risk aside, investors seeking to invest in AI won\'t be disappointed that Nvidia is the AIQ ETF\'s top holding. As I touched on earlier, AI development wouldn\'t be possible without its industry-leading GPUs for the data center.\nNetflix and Meta Platforms are examp
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-21
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,400,587,784,212
- Hash Rate: 570399147.4889922
- Transaction Count: 545041.0
- Unique Addresses: 508542.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Hotter-than-expected wage growth figures today dealt a blow to hopes of a June interest rate cut.
The earnings update came as it emerged that the UK jobless rate crept up to its highest level for nearly a year.
Vodafone, Flutter Entertainment, Currys and Greggs have also published results or trading statements today.
Tuesday 14 May 2024 17:47,Simon Hunt
The FTSE 100 returned to making gains on Tuesday but finished just short of a record close price.
The index’s soaring increases from last week have mellowed significantly but trading was still positive despite concerns over stubborn UK wage inflation data from the Office for National Statistics.
London’s top index finished 13.14 points, or 0.16%, higher to end the day at 8,428.13.
TheGermanDax index was down 0.09% at the close and the Cac 40 inFranceended up 0.2%.
Joshua Mahoney, chief market analyst at Scope Markets, said: “The FTSE 100 provides one bright spot within an otherwise downbeat session in Europe, withVodafoneand Ocado the two dominant gainers.
“European markets have also had to contend with the latest UK jobs report, with theBankof England likely concerned at the combination of stubbornly high wages and the joint highest unemployment rate in over two years.”
Tuesday 14 May 2024 14:39,Michael Hunter
Wall Street stock markets made a steady start to trade, with investors only halfway through a two-day run of inflation data likely to determine direction in the near term.
The producer price index came in with a hotter-than-forecast monthly rise.
Attention is already on tomorrow’s consumer price index.
Both readings will influence the timing of an interest rate cut from the Federal Reserve.
The likelihood of action has moved further back into the year and the jury remains out on when it may come.
In the meantime, the broad-based S&P 500 ticked up by just under three points to 5,244.53.
Tuesday 14 May 2024 14:31,Michael Hunter
After US producer price inflation data was higher than expected for April, attention is turning to the reading of the consumer price index due tomorrow.
With Wall Street indices holding steady today, there was some speculation that after Wednesday’s CPI, investors may take a long summer pause.
David Morrison at Trade Nation said: ““If there’s no improvement in this week’s inflation numbers, then investors may feel it’s a good time to cut their exposure and come back in early September.”
That is when the chairman of the US Federal Reserve hosts a meeting of fellow central bankers at a famous beauty spot called Jackson Hole.
There is usually a set-piece speech, and this year’s event is seen as the likely venue for a major signal on the timing of a Fed rate cut.
Tuesday 14 May 2024 13:37,Michael Hunter
The month-on-month rise in US inflation for April has come in higher than expected, feeding into the debate on the timing of an interest rate cut in the US.
The core producer prices index rose 0.5% from March, stronger than the 0.2% expected.
On an annual basis, it came in bang in line with forecasts at 2.4%.
The hotter-than-forecast monthly reading will play into speculation on the timing of the the first US rate cut of the current monetary policy cycle.
It is one of the main themes over global markets at the moment.
Futures markets took the data in their stride, pointing to a modest opening rise of four points for the S&P 500.
Tuesday 14 May 2024 12:13,Michael Hunter
Here’s a snapshot of the main action on global markets in the middle of the London trading day.
There is a cautious mood at work, boosting gold and keeping the lid on stocks and the pound.
Tuesday 14 May 2024 11:49,Simon Hunt
Greggs is poised to deepen ties with its biggest franchise partners after Britain’s best-known baker said it planned to open dozens more sites in key transport locations such as rail and petrol stations.
The London-listed business said it had opened 64 new stores since the start of the year, of which around a quarter were with franchisees, and planned to open up to 160 in total by the end of the year. Like-for-like sales rose 7.4% to £693 million.
Greggs boss Roisin Currie said Asda had been the firm’s biggest franchise partner to date, with kiosks in its supermarkets and petrol forecourts, alongside EG Group and Rontec’s forecourts.
“Our strategy is to be available to customers wherever they want to shop with us,” she told the Standard.
“What [on-the-go] customers purchase is the same as they purchase on the High Street.
“We currently have 16 franchise partners and hope to have a pipeline of more for the next couple of years.”
Read more here
Tuesday 14 May 2024 11:02,Michael Hunter
Another fast-growing firm from London’s tech sector is being taken private in a multi-million pound transatlantic private equity bid.
IQGeo, which provides the software used to power next-generation telecoms networks, is being bought by legendary US private equity house KKR for £333 million.
The all-cash takeout bid is priced at 480p per share. The stock closed at 405p yesterday. It leapt 65p, or over 16%, to 463p this morning.
The offer premium is of around 48% compared to the stock’s twelve-month volume weighted average price of 325p, according to the bid announcement.
“KKR sees an opportunity to accelerate IQGeo's transition towards a recurring software centric business model and the development of IQGeo's future product roadmap under private ownership”, it said today.
“IQGeo's sector is developing rapidly, as fibre and grid infrastructure are undergoing major transformation and upgrades to deliver against national connectivity and sustainability goals”, it added.
Tuesday 14 May 2024 10:25,Graeme Evans
Bid target Anglo American today revealed it will exit diamond, platinum and coal mining as part of its most radical overhaul in decades.
The shock plan comes as Anglo battles to convince shareholders of its standalone future, having yesterday rejected an improved £34 billion approach by Australia’s BHP.
Anglo believes it can unlock significant value by focusing on a simplified portfolio of “world-class assets” in copper and premium iron ore.
The strategy will see Anglo offload its interest in the De Beers diamonds business and also seek a partner for the vast Woodsmith potash development in North Yorkshire.
Anglo shares were 2% or 60.5p lower at 2646.5p, representing a slight easing of the bid premium since BHP disclosed its interest last month.
The decline for Anglo came in a robust session for the FTSE 100 index, with the support of heavyweights HSBC and BP helping the top flight to rise 14.20 points to 8429.19.
DCC shares posted the biggest fall after the Dublin-based owner of operations in healthcare, energy and technology reported a slight drop in annual profit to £423.7 million.
It hiked its dividend by 5% to mark 30 consecutive years of growth but shares retreated 5% or 285p to 5620p, a decline that erased the strong gains of the past month.
The FTSE 250 index lifted 8.80 points to 20,569.14, with Hochschild Mining up 2p to 159.8p after achieving the first commercial production at its Mara Rosa gold mine in Brazil.
Among the minnows, Angling Direct jumped 2.3p to 37p as the fishing tackle retailer reported a resilient start to the financial year alongside a surge in annual profit to £1.5 million.
Tuesday 14 May 2024 09:53,Simon Hunt
Vodafone today said it was set to lose more than 4 million customers in Germany as the telecoms giant prepared for a 400 million euro knock from regulatory change in its biggest market.
The Paddington-based business said it anticipated it would only retain about half of its 8.5 million TV customers based in multi-dwelling units following new laws on those contracts which come into effect in July. The customers are currently worth around 800 million euros annually to the business.
Vodafone CEO Margherita Della Valle said the regulatory changes had been long-anticipated and the business was prepared to adapt.
“This year is going to be a year of transition because of this,” she told the Standard, adding that the German business, which accounts for around two-fifths of the group’s revenue, would be in growth excluding the TV contract losses.
“We have a team in Germany focused on driving growth in other segments.”
Read more here
Tuesday 14 May 2024 08:59,Simon Hunt
One hour into the day’s trading session in London, the FTSE is flat while Bitcoin is down almost 2% on yesterday.
Here’s a look at your key market data.
Tuesday 14 May 2024 08:57,Graeme Evans
Vodafone is the best performer in the FTSE 100 index, with London’s former biggest company up 3% or 2p at 72p for its highest level since December.
Chief executive Margherita Della Valle said the group performed slightly ahead of expectations in the financial year, including service revenue growth of 6.3%.
BT Group shares rose 1.3p to 110.25p ahead of its own results on Thursday, with HSBC, Centrica and BP among the other blue-chip risers.
On the fallers board, Flutter Entertainment dropped 3% after its first quarter update and Dublin-based conglomerate DCC retreated after annual results. The latter hiked its dividend by 5%, marking 30 consecutive years of growth.
The FTSE 100 index and FTSE 250 are both close to their opening marks at 8415 and 20,561 respectively.
Tuesday 14 May 2024 07:57,Michael Hunter
Marston’s reported a rebound in sales across its 1,400-strong pub chain today, as operating profit rose, helped by its “predominantly freehold pub estate”.
Operating profit from the pub chain was up to £52.7 million from £43.1 million in the half-year to March 30. It said there was “good momentum across food and drink sales” with like-for-like sales up over 7%, “outperforming the broader market”.
Underlying margins up to 12.3% from 10.6% at the operator of over 1,000 pubs..
Justin Platt, CEO called the outlook for the second half “encouraging”, adding: “With a number of 'must not miss' major sporting events, our massively upgraded pub gardens and much-loved food menus, we expect our pubs t...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['TAIPEI,May 22, 2024/PRNewswire/ -- None Group, a leading blockchain group, today released its2024 Blockchain Critical Trendreport, providing a comprehensive overview of the blockchain ecosystem inTaiwanandSoutheast Asia. The report highlights key trends, regulatory frameworks, and emerging opportunities for businesses, investors, policymakers, and technology enthusiasts.\nBlockchain Critical Trend" released by None Group is now available for download.\nSoutheast Asia Emerges as a Global Financial Hub with Blockchain at the Forefront\nSoutheast Asia, with its unique financial landscape and over 400 million active internet users, has become a global financial hotspot, especially in the wake of the pandemic. Recognizing this opportunity, None Group has collaborated withstrategy partnerssuch as the Taiwan FinTech Association, Bitcoin Addict (Thailand), Coin98 (Vietnam), Coinvestasi (Indonesia), and Malaysia Blockchain Week to bring together 14 industry leaders to share their market insights and unveil exclusive investment opportunities.\nTo further promote cross-border collaboration betweenSoutheast AsiaandTaiwan, None Group will host blockchain trend release events inVietnamandTaiwan. TheVietnamevent will be held onJune 5, while theTaiwanevent is scheduled forJuly 10. These events will focus on industry trends and related blockchain topics.\nKey Highlights of the 2024 Blockchain Critical Trend\nThe2024 Blockchain Critical Trendreport unveils theSoutheast Asiablockchain landscape, covering various segments and project details. The report highlights three key takeaways:\n• Focus and Attitudes of Southeast Asian Governments\n• Expert Insights into the Industry Ecosystem\n• Cross-Border Collaboration Opportunities and Potential Explosion Points\nRead the full 2024 Blockchain Critical Trend (Taiwan,Thailand,Vietnam,Indonesia,Malaysia,Singapore,Philippines)\nAbout None Group\nNone Group centers its core competencies on blockchain technology and fintech. By seamlessly integrating cutting-edge Web3 technology with Web2 business applications, we enable both enterprises and individuals to benefit from the advancements in new technology, creating novel lifestyle models and financial experiences for global users.\nNone Group also stands at the forefront of comprehensive market reports and analysis inSoutheast Asia, focusing on the blockchain space and committed to providing accurate and insightful data to help businesses and investors understand the complex landscape of emerging technologies in the region. The Group\'s services include ZONE Wallet, a one-stop Web3 gateway for cryptocurrency beginners, and NONE LAND, the most entertaining and Gen-Z-oriented Web3 new media brand.\nView original content to download multimedia:https://www.prnewswire.com/apac/news-releases/2024-blockchain-critical-trend-unveiling-new-financial-and-development-opportunities-in-southeast-asia-302147904.html\nSOURCE None Group', '• The S&P 500 came close to breaching a new high, as investors gear up for Nvidia earnings on Wednesday.\n• Meanwhile, Fed speaker Christopher Waller outlined that several months of good data need to happen for rate cuts to start.\n• Crypto swung heavily on Tuesday, as markets got excited for the possible approval of ether spot ETFs.\nTheS&P 500closed at a record high Tuesday, as investors gear up forNvidia\'shighly-anticipated earnings report.\nThe Nasdaq Composite also hit a fresh all-time high as the market extends a record-setting rally that kicked off in the middle of last week after the April inflation report.\nExcitement for the artificial intelligence heavy hitter to release its first-quarter performance on Wednesday has buoyed indexes so far this week.\nBy now, the semiconductor manufacturer has a reputation for leading broader stock market upside and traders are eyeing the release as the next big catalyst as the market heads toward summer. The chip maker expected to report $25 billion in quarterly sales, four times the revenue scored in the same quarter last year. The stock remained largely unchanged on Tuesday.\nMeanwhile, investors are tuning into fresh commentary from Federal Reserve officials this week. After April\'s consumer price index showed some slight easing, markets are again eager for chances of interest rate cuts this year.\nTuesday offered a long lineup of speakers. Among them, Fed governor Christopher Waller noted that "several months" of good data will have to appear before policy pivots.\nMeanwhile, cryptocurrency also notched big gains, led byethereum, which rose 9%. That\'s as investors warm up to thepossibility that ether spot ETFs get approved this week.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Tuesday:\n• S&P 500: 5,321.41, up 0.25%\n• Dow Jones Industrial Average: 39,872.99, up 0.17% (+66.22 points)\n• Nasdaq composite: 16,832.62, up 0.22%\nHere\'s what else happened today:\n• Four rate cuts are coming this year as labor weakness snowballs into a hard landing,Citi economist says.\n• De-dollarization has no place in reality, as greenback demand stays high, commodity expert says.\n• Donald Trump proposed tariffs would cost Americans $500 billion each year, think tank says.\n• This overlooked obesity drug has 80% upside potential, JPMorgan says.\n• The stock market is turning bears into bulls. But not JPMorgan\'s Marko Kolanovic -here\'s why he\'s sticking to his sell-off predictions.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil dropped 1.4% to $78.65 a barrel.Brent crude, the international benchmark, slid 1% to $82.86 a barrel.\n• Goldstayed essentially flat at $2,424.9 per ounce.\n• The 10-year Treasury yield slipped over two basis points to 4.412%.\n• Bitcoinfell 2.9% to $69,350.\nRead the original article onBusiness Insider', "Bitcoin (BTC)experienced a significant surge of 13.80% within the past 7 days, reaching $71,926 on May 21. This places the cryptocurrency just 2.5% away from its all-time high. The surge in BTC price appears to be driven by two main factors: growing optimism surrounding the approval of a U.S. spot Ethereum exchange-traded fund (ETF) and a general market trend seeking protection against inflation, which has also pushed gold and the S&P 500 to new all-time highs.\nThe approval odds for an Ethereum spot ETF were raised from 25% to 75% by senior Bloomberg ETF analysts on May 20. This adjustment came after the U.S. Senate overruled the SEC's Bulletin 121 on May 16, which had imposed strict capital requirements on banks holding customer digital assets. The Senate's decision prompted a strategic reassessment at the White House, signaling a shift in the regulatory stance on cryptocurrencies.\nSEC Chair Gary Gensler, who had previously shown reluctance towards classifying Ethereum as a non-security or approving its spot ETF, requested updates to the spot Ethereum ETF filings on May 20. At least 5 ETF issuers havesubmittedtheir amended 19b filings to the SEC.\nBitcoin derivatives aredisplayingmoderate bullish sentiment, with an increase in demand for BTC long positions through monthly futures. The BTC futures premium has climbed to 14%, the highest in five weeks, indicating a moderately bullish market sentiment. The options market also reflects a healthy sentiment, with a current -8% skew, suggesting a market that is not overly optimistic despite the recent price surge.", "Bitcoin (BTC)experienced a significant surge of 13.80% within the past 7 days, reaching $71,926 on May 21. This places the cryptocurrency just 2.5% away from its all-time high. The surge in BTC price appears to be driven by two main factors: growing optimism surrounding the approval of a U.S. spot Ethereum exchange-traded fund (ETF) and a general market trend seeking protection against inflation, which has also pushed gold and the S&P 500 to new all-time highs.\nThe approval odds for an Ethereum spot ETF were raised from 25% to 75% by senior Bloomberg ETF analysts on May 20. This adjustment came after the U.S. Senate overruled the SEC's Bulletin 121 on May 16, which had imposed strict capital requirements on banks holding customer digital assets. The Senate's decision prompted a strategic reassessment at the White House, signaling a shift in the regulatory stance on cryptocurrencies.\nSEC Chair Gary Gensler, who had previously shown reluctance towards classifying Ethereum as a non-security or approving its spot ETF, requested updates to the spot Ethereum ETF filings on May 20. At least 5 ETF issuers havesubmittedtheir amended 19b filings to the SEC.\nBitcoin derivatives aredisplayingmoderate bullish sentiment, with an increase in demand for BTC long positions through monthly futures. The BTC futures premium has climbed to 14%, the highest in five weeks, indicating a moderately bullish market sentiment. The options market also reflects a healthy sentiment, with a current -8% skew, suggesting a market that is not overly optimistic despite the recent price surge.", 'Standard Chartered has expressed its expectation for the United States Securities and Exchange Commission (SEC) to approve spotEthereumexchange-traded funds (ETFs) by May 24.\nAs the first round of deadlines for spot Ethereum ETFs approaches, with the VanEck ETF filing deadline on May 23 followed by ARK Invest and 21Shares on May 24, Standard Chartered has changed its stance from previously considering the May approval deadline as unlikely. Geoff Kendrick, the head of FX and digital assets research at Standard Chartered, now asserts an "80% to 90%" certainty of the SEC approving spot Ether ETFs later this week.\nKendrick has estimated that market inflows into spot Ethereum ETFs within their first year could amount to 2.39 to 9.15 million ETH, equivalent to roughly $15 billion to $45 billion. These estimates align with those for spot Bitcoin ETFs. Additionally, based on Bitcoin price predictions of $150,000, Kendrick anticipates Ether to follow a similar growth trajectory, reaching approximately $8
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-22
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,373,840,469,788
- Hash Rate: 632399054.8247522
- Transaction Count: 583279.0
- Unique Addresses: 491272.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Standard Chartered Bank has warned thatBitcoin's recent drop below the $60,000 mark could be the beginning of more significant losses in the near future. Geoffrey Kendrick, head of forex and digital assets research at Standard Chartered Bank,expressedconcerns about the leading cryptocurrency's price trajectory, stating that the breach of the $60,000 support level opens the path for a potential decline to the $50,000 to $52,000 range.
Kendrick attributed the downward pressure on Bitcoin to a combination of factors. Firstly, he pointed out that there have been five consecutive days of outflows from U.S. spot Bitcoin exchange-traded funds (ETFs). Additionally, the launch of spot Bitcoin and Ether ETFs in Hong Kong received a lackluster response, contributing to the overall negative sentiment.
The outflows from U.S. spot Bitcoin ETFs, combined with the average purchase price currently being below $58,000, raise the risk of liquidation for some ETF positions, according to Kendrick. He noted that more than half of the spot ETF positions are underwater, further fueling the potential for liquidation.
Kendrick also highlighted broader macroeconomic factors impacting Bitcoin's price dynamics. The deterioration of liquidity measures, particularly in the United States since mid-April, has affected various assets, including cryptocurrencies. As liquidity tightens, it puts downward pressure on risk-on assets like Bitcoin.
While Standard Chartered Bank previously raised its Bitcoin price prediction targets for 2024 and 2025 to $150,000 and even $250,000, respectively, Kendrick maintains these targets. He believes that a price recovery may take some time but anticipates a potential rally towards the lead-up to the U.S. presidential election....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['• US stocks dipped as traders waited for Nvidia\'s first-quarter earnings results.\n• The bar is high, as Wall Street analysts are looking for solid indicators that the AI market is booming.\n• Investors also took in the Fed\'s latest meeting minutes, which suggested rate cuts aren\'t imminent.\nUS stocks dropped on Wednesday as traders headed forNvidia\'s first-quarter earnings reportand took in the latest Fed minutes.\nMajor stock averages traded lower, with Nvidia shares declining by more than 1% heading into its hotly anticipated earnings call.\nInvestors are anticipating anotherbig quarterfor Nvidia, which has become one of the biggest beneficiaries of Wall Street\'s frenzy for anything related to artificial intelligence. Analysts expect the firm to report $24.6 billion in revenue and earnings per share\xa0 of$5.34 for the first three months of 2024, according to Bloomberg data, more than double what it reported for both metrics last year.\nNvidia\'s first-quarter results come at a critical moment for investors as they look for a fresh catalyst to drive the next lef of the latest stock market rally. With the company valued at over $2 trillion, NVDA shares have helped carry the market higher all year, andshares are now up 94% from levels in January.\n"It may sound overzealous, but if you get another blowout quarter from NVDA, coupled with the market\'s current posture of new all-time highs and no resistance to our left, we could really start to see parabolic mode again. Nvidia would certainly take the rest of the semiconductor industry with it," Ken Mahoney, the CEO of Mahoney Asset Management, said in a note this week.\nInvestors on Wednesday also took in the minutes from the Federal Reserve\'s May policy meeting. Short-term inflation expectations "rose some," and recent inflation prints didn\'t increase central bank\'s confidence inflation is firmly heading in the right direction.\nThe minutes pressured stocks heading into the closing bell, with major indexes logging a pronounced decline in late afternoon trades. Some market watchers were quick to note that the latest meeting minutes reflect the Fed\'s mood before the April consumer price index showed inflation easing from the prior month.\n"Markets could get nervous about committee members willing to entertain tighter policy but remember, the committee did not have April CPI data yet," Jeffrey Roach, the chief economist of LPL Financial, said in a note on Wednesday.\n"Although inflation in April eased a bit, Fed officials need more confirmation that the trajectory is favorable for their two percent target. In general, the committee believes policy is restrictive and so the next move for the Fed will likely be a cut later this year," Roach added.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500: 5,307.00, down 0.27%\n• Dow Jones Industrial Average: 39,671.04, down 0.51% (-201.95 points)\n• Nasdaq composite: 16,801.54, down 0.18%\nHere\'s what else happened today:\n• Citi was fined $78 million after a European trader\'s fat-finger tradecaused a flash crash in stocks.\n• The Dow is set to surge 50% by 2030as the "roaring 20s" are alive and well for stocks, according to market veteran Ed Yardeni.\n• Stocks are "going nowhere" for the next decadeas inflation is here to stay, one CIO warns.\n• Baby boomers may be the economy\'s secret weapon for fending off a recession.\n• Apple is a "hidden AI play" as its products will be central hubs for AI apps, "Big Short" investor Steve Eisman says.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil slumped 1.14% to $77.76 a barrel.Brent crude, the international benchmark, dropped 0.28% to $81.67 a barrel.\n• Goldfell 1.82% to $2,377.86 per ounce.\n• The 10-year Treasury yield ticked higher by one basis point to 4.426%.\n• Bitcoinedged slightly higher to $69,631.\nRead the original article onBusiness Insider', 'NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES\nVANCOUVER, BC / ACCESSWIRE / May 23, 2024 / Alset Capital Inc. (TSXV:KSUM)(OTC:ALSCF)(FSE:1R60, WKN:A3ESVQ) ("Alset" or the "Company")is pleased to announce the formation of its Artificial Intelligence Advisory Board ("AI Advisory Board"), alongside the appointments of Willy Sun and Michael Gord to its AI Advisory Board.\nThe AI Advisory Board will assist the Company\'s board of directors and executive officers to provide strategic guidance, expert insights, and oversight on the company\'s AI initiatives. Comprising diverse experts, the board will advise on AI strategy, identify emerging trends, ensure compliance with ethical standards, manage risks, evaluate AI performance, and foster innovation. The AI Advisory Board will report to the company\'s Board of Directors.\n"The appointment of Willy Sun and Michael Gord to our AI Advisory Board marks a significant milestone in Alset\'s journey towards positioning its investment portfolio to become leaders in AI computing infrastructure and data management solutions," said Morgan Good, CEO of Alset. "Their combined expertise and leadership will be instrumental in guiding our strategic initiatives and driving innovation in the rapidly evolving field of artificial intelligence."\nWilly SunWilly Sun, a seasoned executive with a distinguished background in artificial intelligence (AI) from leading technology firms including Google LLC (NASDAQ:GOOG), Panasonic Holdings Corporation (TYO:6752), and Huawei Technologies Co., Ltd., brings extensive experience in AI research and development. Willy\'s visionary leadership positions him as an ideal candidate to guide Alset in its AI initiatives.\nWilly\'s illustrious career began at National Taiwan University\'s Department of Electrical Engineering, where he distinguished himself by publishing three lead-authored papers and delivering a presentation at a prominent IEEE conference during his doctoral studies - IEEE is the world\'s largest technical professional organization dedicated to advancing technology for the benefit of humanity. His pioneering work, especially in speech emotion recognition, set new benchmarks for accuracy, underscoring its potential to revolutionize human-computer interaction.\nTransitioning from academia to the tech industry, Willy made substantial contributions to setting global standards in noise reduction for mobile devices at HTC and enhancing live streaming content monitoring regulations. His tenure at Google in the UK saw groundbreaking work on language-independent emotion recognition and advancements in Long Short-Term Memory (LSTM) research.\nAs the Chief Engineer for AI development at Huawei Technologies\' 2012 Laboratory and an AI Scientist at Panasonic, Willy spearheaded initiatives in deep learning applications for speech processing, dialogue systems, and interactive interface design. His innovations in real-time monitoring of sensitive content in digital media have set new industry standards for safety and compliance.\nIn recent years, Willy has dedicated himself to harnessing AI to improve interactions between users and their home environments, pushing the boundaries of convenience, intelligence, and sustainability in living spaces. His vision for smart homes integrates advanced AI voice and dialogue systems, transforming daily life by enhancing efficiency, comfort, and security.\nMichael GordMichael Gord, a serial entrepreneur and investor in Web 3.0, bringing his extensive experience in the digital asset space. Michael has successfully exited three startups and facilitated four acquisitions. He is an investor with over 70 portfolio companies, including four that have grown from seed stage to unicorn status.\nMichael is the co-founder & CEO of the GDA Group of Companies, which are focused across the digital asset capital market and include GDA Capital, Acronym Asset Management, NFT BAZL, and Life DeFi. He is also a founder and board member of Metaverse Group, a metaverse technology company that was acquired by Tokens.com and subsequently by StoryFire, a SocialFi application with over 2.5 million users.\nPreviously, Michael was the CEO of MLG Blockchain, which focused on enterprise and government consulting and development, later merging with Secure Digital Markets to form GDA Capital. He also founded Bitcoin Canada, served on the board of the Bitcoin Association of Canada, which was acquired by the Chamber of Digital Commerce, and played a key role in the international expansion of the Blockchain Education Network. Michael was also the first enterprise blockchain developer at TD Bank.\nMichael holds a B.Comm from The Desautels Faculty of Management at McGill University. He is fluent in English and French, and is learning Spanish, Portuguese, and Swedish. He has traveled to 80 countries across all continents and has lived in five countries across three continents.\nOn behalf of Alset Capital Inc.\n"Morgan Good"\nMorgan GoodChief Executive Officer\nAbout Alset Capital Inc.Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resources or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.\nAlset Capital Inc.\'s investment portfolio comprises 49% ownership of Cedarcross International Technologies Inc. and 49% ownership of Vertex AI Ventures Inc.\nFor further information about Alset Capital Inc., please contact:\nMorgan Good, CEO and DirectorT: 604.715.4751E:[email protected]\nCautionary Note Regarding Forward-Looking StatementsCertain statements in this press release may contain forward-looking information (within the meaning of Canadian securities legislation), including, withou
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-23
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,370,124,742,112
- Hash Rate: 706194547.0096976
- Transaction Count: 744761.0
- Unique Addresses: 533345.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • Completion of partially built structures will increase total operational infrastructure at Denton data center to 197 MW, total Company-owned infrastructure to 817 MW
• Completion expected by end of second quarter 2024
• Expansion highlights strategic advantage of owning and controlling infrastructure and access to power
AUSTIN, Texas, April 16, 2024--(BUSINESS WIRE)--Core Scientific, Inc.(Nasdaq: CORZ)("Core Scientific" or "the Company"), a leader in bitcoin mining and application-specific digital infrastructure for emerging high-value compute, today announced the start of a project to complete a 72-megawatt expansion of the Company’s Denton, Texas data center.
"Owning and controlling all of our infrastructure with access to ready power gives us the strategic optionality to expand our mining capacity, deploy upgrades to our proprietary mining technology stack, reallocate miners to optimize for efficiency and even flex to alternative forms of compute when such opportunities arise," said Adam Sullivan, Core Scientific’s Chief Executive Officer. "By expanding our capacity while focusing on fleet efficiency and hash rate productivity, we believe we will remain positioned for success in the post-halving environment."
In addition to its 745-megawatts of operational infrastructure, Core Scientific owns 372 megawatts of partially built infrastructure at its two Texas data centers. The start of the Denton data center project represents the beginning of a multi-year program to complete the partially built infrastructure and expand the Company’s capacity by 372-megawatts. The goal of this expansion program is to deliver more than 20 additional exahash of mining hash rate at an average incremental cost of approximately $200,000 per megawatt, or less than half the cost of new construction or asset acquisition.
Core Scientific’s Denton, Texas data center currently operates 125 megawatts of bitcoin mining with total contracted power of approximately 300 megawatts. The Company’s Pecos, Texas data center currently operates 71 megawatts of bitcoin mining across two sites with total contracted power of 250 megawatts.
Mr. Sullivan continued, "The exceptional performance of our data center operations team recently enabled us to deliver 16 megawatts of capacity to our high-performance computing customer in Austin, Texas more than 30 days ahead of schedule. This achievement underscores our team’s ability to expand our infrastructure successfully and highlights the emerging growth opportunity in hosting alternative forms of compute."
Core Scientific data centers representing more than 500 megawatts of operational bitcoin mining infrastructure are qualified to host alternative forms of compute, based on the Company’s flexible facility designs, their proximity to major metropolitan areas and access to high bandwidth fiber telecommunications infrastructure. The Company believes that the cost to convert some of its bitcoin mining infrastructure to alternative compute hosting is lower than for new construction and its completion time could be as much as 50% faster, delivering strong financial benefits to high-performance computing hosting clients.
ABOUT CORE SCIENTIFIC
Core Scientific is one of the largest bitcoin miners and hosting solutions providers for bitcoin mining in North America. Transforming energy into high value compute with superior efficiency at scale, we employ our own large fleet of computers ("miners") to earn bitcoin for our own account and provide hosting services for large bitcoin mining customers at our seven operational data centers in Georgia (2), Kentucky (1), North Carolina (1), North Dakota (1) and Texas (2). We derive the majority of our revenue from earning bitcoin for our own account ("self-mining"). To learn more, visitwww.corescientific.com
FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The Company’s actual results may differ materially from those anticipated in these forward-looking statements as a result of certain risks and other factors, which could include, but are not limited to, the following: risks and uncertainties relating to the Company’s ability to achieve significant cash flows from operations; the effects of the emergence from the Company’s chapter 11 cases on the Company’s liquidity, results of operations and business; the trading price and volatility of the Company’s common stock; the comparability of the Company’s post-emergence financial results to its historical results and the projections filed with the bankruptcy court in the Company’s chapter 11 cases; changes in the Company’s business strategy and performance, including as a result of changes to the Company’s board of directors or management; the possibility that the Company may be unable to achieve its business and strategic goals; the Company’s post-bankruptcy capital structure; attraction and retention of key personnel; the Company’s ability to achieve expected benefits from restructuring activities; restrictions on the Company’s operations contained in the agreements governing the Company’s indebtedness; the Company’s ability to generate sufficient cash to reduce its indebtedness and its potential need and ability to incur further indebtedness; the impact of the halving event; actions taken by third parties, including the Company’s creditors and other stakeholders, as well as other risk factors set forth in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including those identified in the Company’s reports filed with the U.S. Securities & Exchange Commission, and if any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20240416234757/en/
Contacts
Investors:[email protected]
Media:[email protected]...
- Reddit Posts (Sample): [['u/celticthaiger', 'Bitcoin… We’re coming for you 🚀🚀🚀🚀', 42, '2024-05-23 01:12', 'https://www.reddit.com/r/Pepecryptocurrency/comments/1cye8va/bitcoin_were_coming_for_you/', 'With a circulating supply of 420.69 trillion, and a global population of 7.95 billion, there are only approx 53,000 Pepe for every person on the planet. \n\nTo buy 53,000, it would cost approx $0.70. \n\nIf we run the same numbers for BTC, there are 0.00247 BTC per person, at a cost of approx $170. \n\nWhile demand for crypto is still in its infancy, this goes to show how cheap Pepe is and we have gigantic upside potential. Pepe is 242x cheaper than BTC. \n\nNo coin has ever knocked BTC off the number 1 spot, but the upcoming bull cycle will be unprecedented. Pepe has been leading the market for 6 weeks now, and there’s no reason we shouldn’t be aiming for the top 10 (we’re no 22 right now). \n\nWith enough traction, we might not only become the biggest meme coin, but possibly the biggest coin of all. \n\nAim high and make your dreams come true 🚀🚀🚀🚀', 'https://www.reddit.com/r/Pepecryptocurrency/comments/1cye8va/bitcoin_were_coming_for_you/', '1cye8va', [['u/Strange_Inevitable_3', 12, '2024-05-23 04:28', 'https://www.reddit.com/r/Pepecryptocurrency/comments/1cye8va/bitcoin_were_coming_for_you/l59mbbz/', 'I like the way this guy thinks! Pepe has a crazy amount of potential and I think we are on the best train for meme coin. We should gun for top 10, then top 5! I don’t think we can out do bitcoin but I do think we can out perform every meme coin including Shiba and doge. We shall see, PEPE ARMY!', '1cye8va']]], ['u/OffensiveExile', 'Need some help. Not sure if I scammed myself here.', 13, '2024-05-23 01:27', 'https://www.reddit.com/r/Bitcoin/comments/1cyek8a/need_some_help_not_sure_if_i_scammed_myself_here/', 'I was transferring some BTC from Jaxx Liberty to Electrum by importing my private key and I noticed that there was an immediate transaction withdrawing the BTC from my account. When I looked online at the transaction history, the transaction was already in progress by a few minutes before I had even entered it in to Electrum. \n\nHere is the transaction link: https://www.blockchain.com/explorer/transactions/btc/d210b458169eee4b4e8c9dcb2d9eeed45ab41f02148c667cc71ee80d56b47784\n\nElectrum gives me the option to cancel the transaction by spending more than what the fee is but is this normal because I am worried someone has accessed the wallet at the same time as myself and is now transferring it to their own wallet.\n\nI entered my pass phrase to this website my-jaxxwallet.com a minute before this thinking it was the legitimate Jaxx Liberty wallet but it then redirected me to blog post on another website url.', 'https://www.reddit.com/r/Bitcoin/comments/1cyek8a/need_some_help_not_sure_if_i_scammed_myself_here/', '1cyek8a', [['u/glw2115', 15, '2024-05-23 01:32', 'https://www.reddit.com/r/Bitcoin/comments/1cyek8a/need_some_help_not_sure_if_i_scammed_myself_here/l58whkz/', 'I would try to cancel to give you time to reassess, and likely transfer funds to a clean wallet in the meantime. \n\nI get the heebie jeebies whenever phrases like ‘importing my private key’ are thrown out there.', '1cyek8a'], ['u/TheGreatMuffin', 20, '2024-05-23 01:32', 'https://www.reddit.com/r/Bitcoin/comments/1cyek8a/need_some_help_not_sure_if_i_scammed_myself_here/l58whrv/', "> I entered my pass phrase to this website my-jaxxwallet.com \n\nThis is a scam. Cancel the tx if you still can, but it probably won't help anything, since the attacker has your seed phrase already", '1cyek8a'], ['u/TheGreatMuffin', 10, '2024-05-23 01:45', 'https://www.reddit.com/r/Bitcoin/comments/1cyek8a/need_some_help_not_sure_if_i_scammed_myself_here/l58ybpp/', "Wow it'd be epic if you get it out this way, good luck. \n\nJust to make sure: the new address is from a whole different wallet, not just a a new address from the compromised wallet?", '1cyek8a'], ['u/OffensiveExile', 10, '2024-05-23 01:51', 'https://www.reddit.com/r/Bitcoin/comments/1cyek8a/need_some_help_not_sure_if_i_scammed_myself_here/l58z6ss/', "It is a brand new wallet that I've set up using Electrum this time. I'm hoping it's okay since I've only just installed it.", '1cyek8a']]], ['u/AlomiaMohamed', 'This b*tch keeps staring at me in the gym, what should i do?', 144, '2024-05-23 02:15', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/', 'So i\'m doing my training as fking usual, but there she is...staring at me, and it has happened to me a lot of freaking times, this isn\'t new sht but i\'m getting tired of this crap, and she also smiles at me, wtf is wrong with her? do i look fking funny to her? I\'ve thought multiple times about just walking straight up to her and tell her "why the fk u looking at me btch" but idk i don\'t want to cause too much drama at the gym. So what do you think guys? What\'s my best option?', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/', '1cyfjvr', [['u/Ok-Commercial8978', 128, '2024-05-23 02:16', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l592qgu/', 'Just kill her you idiot', '1cyfjvr'], ['u/Deezenuttzzz', 39, '2024-05-23 02:21', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l593hfk/', "Just tell her you're gay", '1cyfjvr'], ['u/one-1-1', 94, '2024-05-23 02:29', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l594lbv/', 'Fuck her dad', '1cyfjvr'], ['u/mcr6', 318, '2024-05-23 02:29', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l594muo/', 'You want for her to stop staring? Go up to her and tell her “you’re the most beautiful woman I’ve ever seen” trust me she’ll avoid you like the plague and will never ever look at you again. Works Every time', '1cyfjvr'], ['u/AlomiaMohamed', 111, '2024-05-23 02:33', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59558j/', 'only betas compliment women, who the fk do u think i am?', '1cyfjvr'], ['u/BraveOcelot1824', 80, '2024-05-23 02:33', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l5956dk/', 'ask her to spot you and then shit your pants\xa0', '1cyfjvr'], ['u/BraveOcelot1824', 33, '2024-05-23 02:33', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l595773/', 'during squat\xa0', '1cyfjvr'], ['u/mcr6', 72, '2024-05-23 02:34', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l595blm/', 'Good man. Thots love assholes', '1cyfjvr'], ['u/DeadCheckR1775', 34, '2024-05-23 02:44', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l596qkb/', 'make her watch while you do it, the true power move', '1cyfjvr'], ['u/WinterTakerRevived', 16, '2024-05-23 02:46', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59756j/', 'Moon her', '1cyfjvr'], ['u/JinMori07_', 29, '2024-05-23 02:51', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l597tkv/', 'Actually just start to piss a circle around the machine/rack you are using like a apex predator and she will fuck off, trust me on this one bro.', '1cyfjvr'], ['u/sw33tbutterfly', 71, '2024-05-23 03:20', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59c4tx/', 'Scratch your balls and then smell ur fingers', '1cyfjvr'], ['u/take-a-gamble', 14, '2024-05-23 03:24', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59crpu/', "Whenever this happens I just put on a fake wedding ring and say I'm married. They either stop, or it gets a lot worse.", '1cyfjvr'], ['u/lobo_locos', 46, '2024-05-23 03:42', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59fiji/', "Dude, just tell your Mom not to go to the gym when you're going. However, she's probably just proud of you because of how much you have overcome from the regardedness and is just trying to show her support. That, or looking for some BBC.", '1cyfjvr'], ['u/Cautious_Narwhal_963', 29, '2024-05-23 03:46', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59g4i2/', "Tell her she's looking big and when she starts to thank you clarify that you mean big as in fat", '1cyfjvr'], ['u/Gabriel1659', 22, '2024-05-23 04:23', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59ljs1/', 'She clearly hates you, throw a barbell at her when she goes to drink water', '1cyfjvr'], ['u/PhantomAssaultX', 10, '2024-05-23 04:28', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59mbj6/', 'If she got a dick, you can make it slick.\n\nSuck her off.', '1cyfjvr'], ['u/Gutcrunch', 15, '2024-05-23 04:46', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59p07c/', 'And maintain eye contact through completion. Guarantee she licks you clean after.', '1cyfjvr'], ['u/firmly_confused', 15, '2024-05-23 05:13', 'https://www.reddit.com/r/moreplatesmoredates/comments/1cyfjvr/this_btch_keeps_staring_at_me_in_the_gym_what/l59stcj/', 'go up to her and ask "bitch fuck you staring at me for? You want some of these?"', '1cyfjvr'], ['u/sittingbullms', 10, '2024-05-23 05:57', 'https://www.reddit.com/r/moreplatesmoredates/comment...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
["• The Dow fell more than 600 points on Thursday, marking its worst day of 2024.\n• Nvidia's solid earnings and guidance boosted its stock but the broader market saw a sharp dip.\n• Rate cuts bets faded after services and manufacturing data pointed to still-sticky inflation.\nUS stocks closed sharply lower on Thursday, with Nvidia's earnings in the rearview and traders dealing with fresh fears of sticky inflation and high interest rates.\nNvidiashares soared on Thursday, a day after reporting earnings results that handily beat estimates and providing solid guidance for the current quarter. The stock rose as much as 12%, ultimately closing 9.3% higher at $1,037.99 per share.\nThat was the extent of Thursday's bullishness, with the Dow Jones Industrial Average falling 605 points, while the S&P 500 and the Nasdaq Composite retreated from recent record highs. The drop came after new services and manufacturing PMI data topped economists' estimates, hinting at more inflation pressure for the US economy.\nIn addition, jobless claims were lower than expected, underscoring the continued strength of the labor market. Last week, they came in at 222,000, versus estimates of 220,000.\nThursday's data pressured the outlook for rate cuts later this year. According to theCME FedWatch Tool, market odds of a September cut have dropped below 50%, and June and July rate cuts are essentially off the table.\nThe 10-year Treasury yield jumped four basis points to 4.475%.\nHere's where US indexes stood at the 4:00 p.m. closing bell on Wednesday:\n• S&P 500: 5,267.84, down 0.74%\n• Dow Jones Industrial Average: 39,065.26, down 1.53% (-605.78 points)\n• Nasdaq composite: 16,736.03, down 0.39%\nHere's what else happened today:\n• Ether could surge 60%after spot ETFs are approved in the US, a trading firm said.\n• A sports bettor cashed out a Hail Mary betthat netted him over $80,000 on a $100 bet.\n• A global labor shortage will send the tech sector soaring, pushing it to over 50% of the total S&P 500, Fundstrat's Tom Lee said.\n• More than half of Americans wrongly believe the US is in a recession, a Harris poll showed.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil slumped 1% to $76.82 a barrel.Brent crude, the international benchmark, dropped 0.75% to $81.30 a barrel.\n• Goldfell 2.43% to $2,334.80 per ounce.\n• The 10-year Treasury yield rose five basis points to 4.482%.\n• Bitcoindropped 2.63% to $67,306.\nRead the original article onBusiness Insider", "The U.S. Securities and Exchange Commission (SEC) on Thursday approved applications from Nasdaq, CBOE, and NYSE to list exchange-traded funds (ETFs) linked to the price of Ethereum.\nThe move potentially allows these products to start trading later this year. While the ETF issuers still need final approval before launching, Thursday's decision marked an unexpected victory for these firms and the cryptocurrency industry, which, until Monday, had anticipated the SEC would reject the filings.\nIn their comments on the development, TD Cowen analysts said they were “surprised at the timing, but not the outcome.”\n“Approval has been inevitable for a few years. We do see this as clearing the way for more crypto ETFs though it does not represent a change in the SEC's approach to crypto. We still expect it will pursue litigation against tokens and trading platforms,” they added.\nTD Cowen notes that the SEC's approval came about six months earlier than expected. The broker had anticipated the agency would wait a full year after the Bitcoin ETF launch before considering Ether ETF applications and could delay any litigation until early 2025.\nHowever, the approval became inevitable after the SEC sanctioned crypto futures ETFs and subsequently the Bitcoin (BitfinexUSD) ETF earlier this year, making a legal challenge unlikely.\nVanEck, BlackRock (NYSE:BLK), Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise are among the first batch of firms that secured the approval. They had to agree that Ether held in the ETFs would not be used for staking.\nThe next step is for the S-1 filings to be approved, which may take several weeks or longer, said TD Cowen’s team.\n“That said, we do not see this as an insurmountable obstacle,” analysts wrote.\n“Our view is that ETFs which reflect a basket of tokens will also be approved within a year though we will be watching if the initial baskets are just Ether and Bitcoin or if they include other tokens,” they added.\nRelated Articles\nEthereum ETF approval seen as a clearing event for more crypto ETFs\nPlayFi Announces Exclusive Node License Presale on Polygon PoS Network to Empower Gaming Innovation\nSHIB Scores Listing on Major Solana-Centered Exchange, Ripple Forms Coalition With Crypto Heavyweights, Gabor Gurbacs Notes Bitcoin's 17,400% Surge: Crypto News Digest by U.Today", "Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced relatively minor price movements, gaining 0.80% over the past 24 hours, following the surprisingapprovalof eight spot Ether exchange-traded funds (ETFs). After the news of the ETF approvals broke, Ethereum's price briefly surged to $3,935, according to CoinMarketCap data, before settling down at $3,794. Although Ethereum has experienced a 28% surge in the last week, it remains 22% below its all-time high of $4,878, reached in November 2021.\nThe sudden approval of these ETFs by the SEC represents a momentous decision that paves the way for Ethereum trading to take place on Wall Street. The approved funds include the Grayscale Ethereum Trust, Bitwise Ethereum ETF, iShares Ethereum Trust, VanEck Ethereum Trust, ARK/21 Shares Ethereum ETF, Invesco Galaxy Ethereum ETF, Fidelity Ethereum Fund, and Franklin Ethereum ETF.\nThe availability of these ETFs allows everyday investors to purchase shares that trade on stock exchanges and track the price movements of Ethereum. This simplifies the process of buying, selling, and storing Ethereum for traditional investors who may find the world of digital coins and tokens daunting. ETFs are widely recognized and regulated investment vehicles that provide an accessible entry point into the crypto space without requiring extensive technical knowledge.\nThe approval of Ethereum ETFs marks a significant turn of events, as the U.S. Securities and Exchange Commission (SEC) had been silent on the matter for several months, leading many industry experts and analysts to anticipate a rejection. In a similar turn of events earlier this year, the SEC reluctantly approved 11 spot Bitcoin exchange-traded funds, leading to a surge in the price of the largest cryptocurrency to all-time highs of $73,750.", '• Bitcoin (BTC) and ether (ETH) prices declined in the past 24 hours, despite several ether exchange-traded funds being granted approval to list in the U.S.\n• The ether price, which was up more than 20% in the past week, fell 4% after the approval, which became a "sell the news" event.\n• Traders say they expect a significant influx of institutional capital into the ether market in the long term.\nBitcoin {{BTC}} and ether {{ETH}} prices fell in the past 24 hours even as several ether exchange-traded funds (ETFs) wereapproved for listingon U.S. exchanges.\nEther has dropped 4% since the approval, CoinGeckodata shows. It had risen 20% over the course of a week amid indications of pending approval and updated odds of the ETFs getting approved. The broad-basedCoinDesk 20, a liquid index that tracks the biggest tokens, fell 4.5% over 24 hours and the crypto market cap lost 2.9% to $2.5 trillion.\n“Ethereum\'s sell-off on positive news is a typical "buy the rumors, sell the facts" reaction of speculators,” Alex Kuptsikevich, a senior market analyst at FxPro, said in an email to CoinDesk. “We shouldn\'t be surprised if the price pulls back to the $3000 area again, returning to an important consolidation area. From these levels, large institutional investors can start building a position in ETFs.\n“We saw the same in January after the approval of the Bitcoin ETF, which took 19% off its price in the following two weeks before there was a spectacular reversal,” he said.\nThe U.S. Securities and Exchange Commission (SEC) on Thursday approved key regulatory filings tied to ether ETFs, a historic milestone for the second-largest cryptocurrency. They are not, however, cleared to trade. Although the SEC approved the 19B-4 form that allows for the offering and listing of ETFs, it must still green light the funds\' S-1 filings before investors can buy them.\nThe regulator approved documents for eight ETFs – from VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest 21Shares, Invesco Galaxy and BlackRock – for listing on the Nasdaq, NYSE Arca, and Cboe BZX exchanges.\nIf the ETFs are approved for trading, a significant influx of institutional capital is likely. Standard Charteredpredicted inflowsof as much as $45 billion in the first 12 months.\nSome traders say they expectether to rally over 60%in the coming months, with a marked increase in futures and spot buying demand for the token in the past week.', '• Bitcoin (BTC) and ether (ETH) prices declined in the past 24 hours, despite several ether exchange-traded funds being granted approval to list in the U.S.\n• The ether price, which was up more than 20% in the past week, fell 4% after the approval, which became a "sell the news" event.\n• Traders say they expect a significant influx of institutional capital into the ether market in the long term.\nBitcoin {{BTC}} and ether {{ETH}} prices fell in the past 24 hours even as several ether exchange-traded funds (ETFs) wereapproved for listingon U.S. exchanges.\nEther has dropped 4% since the approval, CoinGeckodata shows. It had risen 20% over the course of a week amid indications of pending approval and updated odds of the ETFs getting approved. The broad-basedCoinDesk 20, a liquid index that tracks the biggest tokens, fell 4.5% over 2
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-24
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,328,723,537,969
- Hash Rate: 671140034.7624127
- Transaction Count: 736439.0
- Unique Addresses: 483309.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: Wells Fargo, one of the prominent banking institutions in the United States, hasrevealedits foray into the world of cryptocurrencies through investments in various Bitcoin exchange-traded funds (ETFs). The disclosure was made in a regulatory filing submitted to the U.S. Securities and Exchange Commission (SEC).
According to the filing, Wells Fargo has purchased shares of Grayscale's GBTC spot Bitcoin ETF, providing the bank with exposure to the digital asset. Additionally, the document indicates that Wells Fargo has invested in ProShares Bitcoin Strategy ETF (BITO), which offers investors exposure to Bitcoin futures contracts, enabling them to speculate on the future price movements of the cryptocurrency.
However, it is important to note that the bank's investments in these crypto-related vehicles are relatively small. The filing reveals that Wells Fargo's holdings in GBTC amount to $141,817, while its investment in ProShares is less than $1,200. Furthermore, the bank has a mere $99 exposure to Bitcoin Depot Inc., a Bitcoin ATM provider.
This move by Wells Fargo follows reports from February, which suggested that the bank, along with Merrill, a division of Bank of America, was offering its wealth management clients the opportunity to invest in Bitcoin ETFs through brokerage accounts. Over the years, Wells Fargo has expressed interest in digital assets, and in 2019, it even conducted a pilot program involving its own digital currency....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['• US stocks ended the week mixed on Friday after an inflation scare and Nvidia\'s earnings report.\n• Investors will look ahead to next week\'s PCE data to gauge which direction inflation is headed.\n• Nvidia earnings helped push up tech stocks and drove the Nasdaq 100 to an overall gain this week.\nUS stocks traded higher on Friday, but finished the week mixed after an inflation scare following strong economic data and the release of Nvidia\'s solid first-quarter earnings report.\nFor the week, the Dow Jones Industrial Average dropped 2.3%, while the S&P 500 traded about flat and the Nasdaq 100 rose about 1.4%.\nStrong economic data from the PMI release on Thursday set off a fresh inflation scare, with robust services and manufacturing readings hinting that the Federal Reserve will keep interest rates higher for longer.\nThe chances of a Fed rate cut were pushed back from September to the November FOMC meeting,\xa0according to theCME FedWatch Tool.\nInvestors will look to next week\'s release of PCE data to gauge which direction inflation is moving.\n"Next Friday\'s release of the PCE report could offer the market a decidedly positive catalyst if the data comes in cooler than expectations. Absent that, even if the PCE remains steady the market could be satisfied that inflation remains somewhat contained, but yesterday\'s market action suggests that investors and traders alike are losing patience with the Fed\'s inability to quell prices that insist on rising," LPL Financial\'s chief global strategist Quincy Krosby said.\nMeanwhile, Nvidia\'s strong first-quarter earnings report released on Wednesday helped drive AI-related tech stocks sharply higher. The Nasdaq 100 finished the week at a new record closing high. Shares of the chip maker soared to record levels above $1,000 as it reported results that beat estimates for both earnings and revenue, while drumming up excitement for its next generation Blackwell chip.\nHere\'s where US indexes stood at the 4:00 p.m. closing bell on Friday:\n• S&P 500:5,304.72, up 0.7%\n• Dow Jones Industrial Average:39,069.59, up 0.01% (+4.33 points)\n• Nasdaq composite:16,920.79, up 1.1%\nHere\'s what else happened today:\n• Nvidia stock could plunge 20% in the next 18 months as it is likely to face a surge in competition,according to DA Davidson analyst Gil Luria.\n• A sports bettor scored an 80,860% gain on a $100 parlay ticket for the NBA Championship.He could have won as much as $1.7 million.\n• Ether could surge as much as 60% if spot ETFs are approved by the SEC,according to one research firm.\n• Apple will be worth more than $4 trillion next year thanks to its upcoming WWDC AI eventand the launch of the iPhone 16, according to Wedbush.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil jumped 1.11% to $77.72 a barrel.Brent crude, the international benchmark, was higher by 0.92% to $82.11 a barrel.\n• Goldedged lower by 0.11% to $2,334.60 per ounce.\n• The 10-year Treasury yield fell one basis point to 4.47%.\n• Bitcoinrose 1.76% to $69,142.\nRead the original article onBusiness Insider', "Lawrence Brock, the Chief People Officer ofCoinbase Global Inc (NASDAQ:COIN), executed a sale of 16,456 shares of the company on May 23, 2024. The transaction was reported in a recentSEC Filing. Following this transaction, the insider now owns 16,140 shares of the company.\n• Warning! GuruFocus has detected 5 Warning Signs with COIN.\nCoinbase Global Inc operates as a digital currency exchange and wallet service, allowing users to buy, sell, and store digital assets such as Bitcoin and Ethereum. It is one of the leading platforms in the cryptocurrency industry.\nOver the past year,Lawrence Brockhas sold a total of 419,591 shares and has not made any purchases of the company's stock. This recent sale is part of a broader trend observed at Coinbase Global Inc, where there have been no insider buys but 131 insider sells over the past year.\nOn the date of the sale, shares of Coinbase Global Inc were priced at $223.34, valuing the company with amarket capof approximately $58.36 billion. Theprice-earnings ratioof the company stands at 42.91, which is above both the industry median of 18.87 and the historical median for the company.\nThe stock's valuation metrics show aGF Valueof $103.57, leading to a price-to-GF-Value ratio of 2.16. This indicates that the stock is significantly overvalued according to GuruFocus' intrinsic value estimate, which factors in historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.\nThis insider selling activity could be of interest to investors monitoring insider behaviors and evaluating the stock's current valuation in the context of its historical performance and industry standards.\nThis article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.\nThis article first appeared onGuruFocus.", 'Risk assets usually perform better when interest rates are low. So speculation that stubborn inflation will cause Federal Reserve policymakers to reduce rates more slowly than anticipated has been a headwind for cryptocurrencies in recent weeks.\nIndeed, whileBitcoin(CRYPTO: BTC)rallied to a new record high of $73,000 in March, its price has since slipped 7% to $68,000. However, several Wall Street analysts see substantial upside for patient investors.\n• Tom Lee, managing partner and Head of Research at Fundstrat Global Advisors, believes the combination of recently approved spot Bitcoin exchange-traded funds (ETFs), the recent halving of Bitcoin block subsidies, and the eventual easing of monetary policy (lower interest rates) could push Bitcoin to $150,000 by 2025 and $500,000 by 2029. That last figure implies 635% upside from its current price of $68,000.\n• Anthony Scaramucci, founder and managing partner at SkyBridge Capital, recently told CNBC spot Bitcoin ETFs could propel the cryptocurrency past the market capitalization of gold, which is currently about $16 trillion. In that scenario, a single Bitcoin would be worth about $800,000, implying about 1,075% upside from its current price.\n• Cathie Wood, CEO and CIO at Ark Invest, believes spot Bitcoin ETFs will eventually capture about 5% of institutional assets under management, pushing the price of a single Bitcoin to $3.8 million. That estimate implies about 5,480% upside from its current price.\nAs a caveat, investors should never put too much confidence in price targets. They are simply educated guesses about what might happen in the future. That said, Bitcoin warrants further consideration given the tremendous upside implied by the price targets above. Here\'s what investors should know.\nThe price ofBitcoinis based on supply and demand. However, because supply is limited to 21 million coins, demand is the most consequential variable. That means the future price trajectory of Bitcoin depends on whether demand increases or decreases from its current level.\nTwo recent developments could boost demand in the coming months and years. First, the Security and Exchange Commission (SEC) approved spot Bitcoin ETFs in January 2024. Second, the Bitcoin block subsidy was cut in half in April 2024.\nSpot Bitcoin ETFs provide investors with direct Bitcoin exposure through their brokerage accounts, meaning they do not need to create new accounts with cryptocurrency exchanges. Additionally, while spot Bitcoin ETFs charge annual fees expressed as an expense ratio, they are often lower than the transaction fees charged by cryptocurrency exchanges.\nIn short, spot Bitcoin ETFs reduce friction for both retail investors and institutional investors. When I say institutional investors, I am referring to professional money managers like family offices, endowments, hedge funds, insurance companies, and investment banks. Institutional assets under management (AUM) are forecasted to reach $145 trillion by 2025, according to PwC. If even a small fraction of that total was allocated to Bitcoin, the cryptocurrency\'s price could rise substantially.\nAs mentioned, Ark Invest believes spot Bitcoin ETFs will eventually capture a bit more than 5% of institutional AUM, which implies roughly $8 trillion (based on PwC\'s estimate). For context, we are nowhere close to that figure at the present time. Spot Bitcoin ETFs have about $57 billion in AUM, and most of that money has come from retail investors.\nHowever, U.S. regulators only approved spot Bitcoin ETFs in January, and the early results are undoubtedly encouraging. TheiShares Bitcoin Trust(NASDAQ: IBIT)byBlackRockand theWise Origin Bitcoin Trust(NYSEMKT: FBTC)by Fidelity accumulated more assets in their first 50 days on the market than any other ETFs in history, according to Eric Balchunas at Bloomberg.\nAdditionally,Form 13Fsfiled for the first quarter of 2024 show that a few hundred institutional investors purchased small positions in various spot Bitcoin ETFs. That includes banks likeJPMorgan Chase,U.S. Bank, andWells Fargo, as well as highly profitable hedge funds like Citadel, D.E. Shaw, and Millennium Management.\nBitcoin miners make money through block subsidies and transaction fees, collectively referred to as block rewards. Block subsidies, which represent newly minted Bitcoin, are cut in half each time 210,000 blocks (groups of tr
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-25
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,356,156,499,884
- Hash Rate: 671140034.7624127
- Transaction Count: 835040.0
- Unique Addresses: 465497.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.76
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • The platform has generated yields by shorting ether (ETH) futures and pocketing funding rates since its January rollout.
• Ethena's USDe is supposed to maintain a $1 peg at all times. Since its release, over $2 billion in USDe has been issued, with demand continuing to grow.
Ethena Labs will start purchasing and shorting bitcoin {{BTC}} as part of a cash-and-carry trade in a move that developerssay will create a “safer” USDesynthetic dollar product for users.
The controversial platform is currently generating an annual yield of 37% (a seven-day rolling average that can change) by shorting ether {{ETH}} futures and pocketing funding rates since its January rollout.
Funding rates are periodic payments either to traders that are long or short based on the difference between perpetual contract markets and spot prices.
While such a strategy has attracted detractors, demand has continued to grow — as over $2 billion in USDe, its synthetic dollar, has been issued since its release. USDe is supposed to maintain a $1 peg at all times, mimicking a stablecoin but with a different backing mechanism.
Developers say adding bitcoin to the mix will boost user yields while helping USDe issuance grow further.
“After the unprecedented growth or USDe since launch, Ethena hedges represent ~20% of ETH open interest as of today,” Ethena developers said in an X post. “With $25bn of BTC open interest readily available for Ethena to delta hedge, the capacity for USDe to scale has increased >2.5x.”
“BTC derivative markets are growing at a faster pace than ETH and offer better scalability and liquidity. As Ethena scales closer to $10bn this provides a more robust backing, and ultimately a safer product for users,” they added.
On Ethena, users can deposit stablecoins such as tether (USDT), frax (FRAX), dai (DAI), Curve USD (crvUSD) and mkUSD to receive Ethena’s USDe, which can then be staked. Unstaking takes seven days. The staked USDe tokens can be supplied to other DeFi platforms to earn additional yield.
It uses a futures mechanism similar to a “cash and carry" trade, in which a trader takes a long position in an asset while concurrently selling the underlying derivative. Such a trade, in theory, is directionally neutral and earns money from funding payouts instead of the underlying asset’s price movement.
Here's how it works: First, someone mints USDe with some amount of money, say $10 million tether (USDT). Ethena then exchanges this USDT for BTC. However, because bitcoin’s value can swing wildly, there is a further step to stabilize the value of USDe.
Ethena then shorts or bets again on $10 million worth of BTC perpetual futures contracts. If BTC's price drops by 20%, for example, the losses from holding BTC are balanced out by the gains from the short position in BTC perps, keeping the overall value stable.
This combination of holding BTC while also shorting it effectively creates USDe. Plus, by shorting BTC, they earn a funding yield that is paid out to users.
Ethena’s ENA tokens are down 8% in the past 24 hours,data shows, alongside aslight market selloff....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Donald J. Trump has pledged to commute Silk Road founder Ross Ulbricht’s life sentence to time served if he’s re-elected president.\n“If you vote for me, on Day 1, I will commute the sentence of Ross Ulbricht to a sentence of time served,” Trump said during his Saturday night remarks at the Libertarian National Convention in Washington, D.C. “He’s already served 11 years, we’re gonna get him home.”\nHours before those remarks, Trump took to social media to praise the crypto industry,writing on Truth Social:\n“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field. There is no second place,” Trump wrote, adding that President Joe Biden “wants [the cryptocurrency industry] to die a slow and painful death. That will never happen with me!”\nIn his evening address, Trump’s pledge to free Ulbricht was met with raucous cheers from the assembled audience, many of whom were holding up signs reading “Free Ross.”\nIn 2015, Ulbricht wassentenced to two consecutive life sentences plus 40 years–\xa0effectively, life in prison without the possibility of parole –\xa0for creating and operating Silk Road. The now-defunct darknet marketplace was used to anonymously buy and sell goods, but was largely used for drugs. Silk Road operated from 2011 to 2013 and is widely considered thefirst real-world use casefor Bitcoin.\nUlbricht has become something of a martyr for many in the crypto community, as well as to many Libertarians, who see Ulbricht’s draconian sentence as a governmental overstep and a violation of his constitutional rights. In 2018, the Libertarian Partycalled onthen-President Trump to pardon Ulbricht.\nBefore Trump’s presidency ended in January 2021, he granted clemency to 143 individuals –\xa0pardoning 73, including Ripple board member Ken Kurson, and commuting the sentences of 70 others. He did not offer clemency to Ulbricht, Wikileaks founder Julian Assange or Edward Snowden, who released details about a U.S. surveillance program to American journalist Glenn Greenwald.\nTrump also made more general comments about cryptocurrency at the convention, telling attendees that he would “stop Joe Biden’s crusade to crush crypto – we’re gonna stop it.”\n“I will ensure that the future of crypto and the future of bitcoin will be made in the USA, not driven overseas. I will support the right to self custody,” Trump said, to cheers. “To the nation’s fifty million crypto holders, I say this: I will keep Elizabeth Warren and her goons away from your bitcoin, and I will never allow the creation of a central bank digital currency.”\nTrump has warmed up considerably to crypto in recent months, making several pro-crypto comments publicly andbecoming the firstmajor party presidential candidate toaccept crypto donations.\nRead more:The Biden Administration Is Easing Up on Crypto (a Vibes Analysis)', "Bitcoin(CRYPTO: BTC)has been on a fantastic run over the past year and a half -- it's now up by 299% since the start of 2023. That growth has slowed a bit, as the price of the crypto is down 6% from its all-time high that was reached in March. The current price is roughly $69,400.\nFor those wondering if now is still a good time to buy the world's most valuable cryptocurrency, I thinkBitcoinwill reach $150,000 by 2030, delivering an annualized return of 14%.\nIt's important to recognize that Bitcoin's forward returns will likely be much less than its monumental rise to its current level. This asset isn't flying under the radar anymore. So, Bitcoin's appreciation will probably decelerate in the years ahead.\nBut some prominent figures in the business and investing worlds remain far more bullish than I do. Cathie Wood and her team at Ark Invest think Bitcoin's price could get to$3.8 millionby 2030. And Jack Dorsey, the co-founder and CEO ofBlock, believes Bitcoin will hit$1 millionby 2030.\nIn that context, my prediction of $150,000 by the end of the decade is a more tempered outlook, but it would be a gain that outperforms theS&P 500's average return. Historically, that broad index of 500 of the largest and most profitable U.S. businesses has produced annualized total returns of about 10%.\nIn my opinion, the key factor that will drive Bitcoin's price is the simple fact that more market participants will own it -- individual and institutional investors, as well as corporations and governments. Rising demand should, in theory, boost Bitcoin's price over the long run.\nBut why would these market participants want to buy and hold Bitcoin?\nBitcoin's fixed supply cap is probably the most important variable that makes it a compelling asset to own. Only 21 million coins will ever be created, and they are being minted at a pre-determined and regularly shrinking rate -- hard limits that are built into Bitcoin's software.\nThat's the complete opposite situation of traditional currency and fiscal systems. For example, look at the troubling deficit the U.S. government operates with, leading to an expanding federal debt burden. And we can't forget about the constantly increasing supply of U.S. dollars that causes the purchasing power of the dollar to decline over time.\nThe growth case for Bitcoin depends largely on people gaining greater familiarity with it. This could take many years. But as we've seen, with a larger number of traditional financial firms painting Bitcoin in a positive light, there should be more buying interest.\nMy bullish postulation that Bitcoin will get to $150,000 per coin by the end of the decade is far from a certainty. There's a lot of uncertainty, as is usually the case with newer technologies.\nFor investors, the best way to approach this asset is by properly sizing your position in it. Don't invest more money in Bitcoin than you're willing to lose. This could result in a person allocating a relatively small portion of a well-diversified portfolio to it -- perhaps 1%.\nFrom a mental and emotional perspective, be ready for that holding to experience lots of volatility. In its fairly brief history, Bitcoin has experienced multiple slumps of more than 50%. While its value might stabilize over time, such dropoffs are still something an investor needs to be prepared for.\nIf you're looking to buy Bitcoin, be sure to maintain a long-term perspective. The top cryptocurrency is set to continue being a winner over the next several years on the path to $150,000.\nBefore you buy stock in Bitcoin, consider this:\nTheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Bitcoin wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.\nConsider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $652,342!*\nStock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice hasmore than quadrupledthe return of S&P 500 since 2002*.\nSee the 10 stocks »\n*Stock Advisor returns as of May 13, 2024\nNeil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Block. The Motley Fool has adisclosure policy.\nPrediction: Bitcoin Will Reach $150,000 in 2030was originally published by The Motley Fool", "Bitcoin(CRYPTO: BTC)has been on a fantastic run over the past year and a half -- it's now up by 299% since the start of 2023. That growth has slowed a bit, as the price of the crypto is down 6% from its all-time high that was reached in March. The current price is roughly $69,400.\nFor those wondering if now is still a good time to buy the world's most valuable cryptocurrency, I thinkBitcoinwill reach $150,000 by 2030, delivering an annualized return of 14%.\nIt's important to recognize that Bitcoin's forward returns will likely be much less than its monumental rise to its current level. This asset isn't flying under the radar anymore. So, Bitcoin's appreciation will probably decelerate in the years ahead.\nBut some prominent figures in the business and investing worlds remain far more bullish than I do. Cathie Wood and her team at Ark Invest think Bitcoin's price could get to$3.8 millionby 2030. And Jack Dorsey, the co-founder and CEO ofBlock, believes Bitcoin will hit$1 millionby 2030.\nIn that context, my prediction of $150,000 by the end of the decade is a more tempered outlook, but it would be a gain that outperforms theS&P 500's average return. Historically, that broad index of 500 of the largest and most profitable U.S. businesses has produced annualized total returns of about 10%.\nIn my opinion, the key factor that will drive Bitcoin's price is the simple fact that more market participants will own it -- individual and institutional investors, as well as corporations and governments. Rising demand should, in theory, boost Bitcoin's price over the long run.\nBut why would these market participants want to buy and hold Bitcoin?\nBitcoin's fixed supply cap is probably the most important variable that makes it a compelling asset to own. Only 21 million coins will ever be created, and they are being minted at a pre-determined and regularly shrinking rate -- hard limits that are built into Bitcoin's software.\nThat's the complete opposite situation of traditional currency and fiscal systems. For example, look at the troubling deficit the U.S. government operates with, leading to an expanding federal debt burden. And we can't forget about the constantly increasing supply of U.S. dollars that causes the purchasing power of the dollar to decline over time.\nThe growth case for Bitcoin depends largely on people gaining greater familiarity with it. This could take many years. But as we've seen, with a larger number of traditional financial firms pai
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-26
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,365,167,823,281
- Hash Rate: 704697036.5005332
- Transaction Count: 852655.0
- Unique Addresses: 403848.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.75
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The cryptocurrency market cooled off in 2022 as rising interest rates, regulatory challenges, and other macro headwinds drove investors toward more conservative investments. But over the past year, the crypto market warmed up again as the U.S. Securities and Exchange Commission (SEC) approved the first spot priceBitcoinexchange-traded funds (ETFs) and investors looked forward to lower interest rates.
The upcoming Bitcoin "halving," which will reduce the rewards for mining the cryptocurrency; network upgrades for theEthereumNetwork; and more institutional cryptocurrency purchases also brought back more bulls.
The easiest way to profit from the market's growth is to directly buytop cryptocurrencieslike Bitcoin and Ethereum on a cryptocurrency exchange. But it's still smart to invest in a few promising crypto companies which will benefit from the same tailwinds. I believeMarathon Digital(NASDAQ: MARA)andCoinbase Global(NASDAQ: COIN)check all the right boxes.
Marathon Digital is North America's largest pure-play Bitcoin miner. It minted 12,852 Bitcoins in 2023, a 210% jump from 2022. At the end of March, it held 17,381 Bitcoins within its $1.6 billion in total Bitcoin and cash holdings.
Marathon's mining operations in North Dakota were affected by adverse weather conditions in the first quarter of 2024. But it plans to resolve those issues by shifting some of its miners from North Dakota to Texas and energizing thousands of new miners. After making those changes, it expects its operating fleet grow to 235,000 miners with a total production capacity of 29.8 exahashes per second (EH/s) this year. By comparison, Marathon's closest competitor,Riot Platforms, ended March with 112,944 miners, a production capacity of 8.6 EH/s, and only 8,490 Bitcoins on its balance sheet.
Marathon's lead over Riot should widen as it opens new plants, acquires smaller miners, and expands its new mining joint venture in Abu Dhabi. It's also periodically selling its own Bitcoin to raise more cash and support those expansion plans.
Analysts expect Marathon's revenue to grow at a compound annual growth rate (CAGR) of 35% from 2023 to 2026. They expect its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at a slower CAGR of 1% as it ramps up its spending to scale up its business, but its stock still looks reasonably valued at 6 times this year's sales and 13 times its adjusted EBITDA.
Coinbase is one of the world's largest cryptocurrency exchanges. It held $101 billion in assets under custody at the end of 2023, and it was chosen as the custodian for eight of the 11 new Bitcoin spot price ETFs that went public earlier this year. It also flourished as many of its industry peers collapsed.
Coinbase's total trading volume declined 44% in 2023, but it still improved sequentially in the third and fourth quarters as the crypto market warmed up again. It's also been generating more of its trading revenue from theTetherstablecoin -- which accounted for 11% of its trading volume in 2023 -- and that shift could reduce its long-term dependence on Bitcoin, Ethereum, and its other more volatile crypto assets.
From 2023 to 2026, analysts expect Coinbase's revenue to grow at a CAGR of 21% as its adjusted EBITDA increases at a CAGR of 40%. Based on those estimates, its stock trades at 10 times this year's sales and 24 times its adjusted EBITDA.
Coinbase's stock isn't a screaming bargain yet, but it could still have plenty of room to run as the cryptocurrency market expands. That's why Ark Invest's Cathie Wood -- who believes Bitcoin's price can hit $1.5 million within the next three years -- holds Coinbase as a top holding across several of Ark Invest's most popular ETFs. If you believe cryptocurrencies will gain more attention from retail and institutional investors, you should follow Ark's lead and pick up a few shares of Coinbase.
Before you buy stock in Marathon Digital, consider this:
TheMotley Fool Stock Advisoranalyst team just identified what they believe are the10 best stocksfor investors to buy now… and Marathon Digital wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisorprovides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than tripled the return of S&P 500 since 2002*.
See the 10 stocks
*Stock Advisor returns as of April 8, 2024
Leo Sunhas no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has adisclosure policy.
2 Potentially Explosive Crypto Stocks to Buy in Aprilwas originally published by The Motley Fool...
- Reddit Posts (Sample): [['u/Maximum-Luck8471', 'Bitcoin to infinity and GME price target of $2800', 54, '2024-05-26 01:34', 'https://www.reddit.com/r/PROGME/comments/1d0ojiz/bitcoin_to_infinity_and_gme_price_target_of_2800/', '\nAs foretold by The Simpsons we already know what the price target is for our favorite game stock. With a market cap of 1 trillion that’s would put our price target for the stonk that shall not be named at $2800 ish per share with 351 million shares outstanding. At 2 trillion we’d be sitting around $5600 per share. If the Simpson’s already know than buckle up!!! ', 'https://i.redd.it/vm0rsu89rn2d1.jpeg', '1d0ojiz', [['u/Senior-Arm-8097', 17, '2024-05-26 02:00', 'https://www.reddit.com/r/PROGME/comments/1d0ojiz/bitcoin_to_infinity_and_gme_price_target_of_2800/l5ohf95/', 'No jail no sale. Diamond nuts. You do you…', '1d0ojiz'], ['u/HandleNo8032', 14, '2024-05-26 03:35', 'https://www.reddit.com/r/PROGME/comments/1d0ojiz/bitcoin_to_infinity_and_gme_price_target_of_2800/l5otdju/', '+1 trillion not 1 trillion', '1d0ojiz'], ['u/psbyjef', 10, '2024-05-26 04:14', 'https://www.reddit.com/r/PROGME/comments/1d0ojiz/bitcoin_to_infinity_and_gme_price_target_of_2800/l5oy8i2/', 'Actually the +1 trillion is the stock price not the market cap. Now stop with this low number price anchoring', '1d0ojiz'], ['u/SuperChimpMan', 14, '2024-05-26 04:21', 'https://www.reddit.com/r/PROGME/comments/1d0ojiz/bitcoin_to_infinity_and_gme_price_target_of_2800/l5oz4k6/', 'Not market cap stock price! Tickers never show market cap. Don’t price anchor me bro 😎', '1d0ojiz']]], ['u/Dartagnonymous', 'Kaspa is a beast. It’s fighting on all fronts.', 52, '2024-05-26 04:56', 'https://www.reddit.com/r/kaspa/comments/1d0s1ck/kaspa_is_a_beast_its_fighting_on_all_fronts/', 'Kaspa is fighting against the insanity of the shitcoin jungle that splatters mud and FUD against any coin that manages to gain some traction.\n\nKaspa is fighting against other established proof-of-work coin ecosystems, and have earlier-mover advantage.\n\nKaspa is fighting (of course) against hardcore bitcoin maximalism.\n\nKaspa will soon be fighting against coins that specialize in smart contracts and smart contract platforms.\n\nUndoubtedly if Kaspa stays decentralized and secure and more and more developers work to develop on Kaspa, Kaspa is going to fight against all these things I’ve listed, as well as governments that don’t want a global circular Kaspa monetary community to evolve.\n\nI like Kaspa for the gains, sure, but if I set my personal greed aside … I can really see that Kaspa is fighting to bring fair money to the whole world.\n\nOnward.', 'https://www.reddit.com/r/kaspa/comments/1d0s1ck/kaspa_is_a_beast_its_fighting_on_all_fronts/', '1d0s1ck', [['u/No_Balls_No_Glory', 14, '2024-05-26 05:06', 'https://www.reddit.com/r/kaspa/comments/1d0s1ck/kaspa_is_a_beast_its_fighting_on_all_fronts/l5p4jzd/', "Let's go Kaspians 💎", '1d0s1ck']]], ['u/drmelle0', 'how to unload billions from bitcoin?', 210, '2024-05-26 05:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/', "Hypotetical situation, someone from the early days of bitcoin did all the mining on his 1080ti and dripped from every faucet, never spent his 10k btc on pizza. now is sitting on a billion dollar amount of bitcoins , of course safely kept on a single ledger nano with the key phrase noted down somewhere on the phone.\n\nnow this person wants to buy a yacht bigger than jeffy bezos. how does he go about unloading some of his vast assets into fiat to pay the plebs that built his boat? i imagine he does not just go on coinbase, and have it put into his paypal account for the dollar amount it is then. do the brokers take the risk of taking those amounts when they decide to sell, and hope for the best, of can they refuse sales of bitcoin at the price you wanna sell at if you closed at a certain price? \n\n \n(no worries, it's not me, i'm still saving for a fishing boat)\n\n\n\n", 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/', '1d0scxa', [['u/brianddk', 310, '2024-05-26 05:54', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5pa2l4/', "So in your story, the 2010 miner has solo mined 286 blocks that have never been touched for 14 years. First think he's gonna need to do is to be damn careful before moving any of that prehistoric bitcoin (wouldn't be on ledger since BIP39 wouldn't be invented till three years later.\n\nFirst thing I'd do figure out a way to raise about 50k. With 50k you can get a law firm on retainer. Go in to the lawyers office and explain. They will think for a while then bring on some cryptographers that will be able to understand proof of funds.\n\nOnce the law firm is convinced they can entangle your funds with legal fees, the process would go something like this.\n\n1. Form an LLC or Trust to funnel the funds into\n2. Law firm will reach out to 5 to 6 OTC trading desks\n3. Request blind bids as to which OTC desk will offer best service -v- cost\n4. Schedule the OTC sale of 286 blocks (17160 BTC) to the OTC desk\n5. After the sale, law firm and OTC desk both take your cut\n6. Law firm sends files your huge tax check to the IRS at sale\n7. You walk away as trustee to a trust with a few hundred million\n\nNow you never tell a fucking soul!", '1d0scxa'], ['u/brianddk', 12, '2024-05-26 06:55', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5pg99w/', "Trust / LLC isn't to obscure the sale, it's to hold the proceeds.\n\nYes... Fantasy billionaire would be taxed through the nose. No easy way to convert 17k Bitcoin to fiat tax free", '1d0scxa'], ['u/VVaId0', 14, '2024-05-26 07:00', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5pgoz1/', '1080ti is a 2017 card no?', '1d0scxa'], ['u/lunas2525', 51, '2024-05-26 07:33', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5pjqta/', 'You dont do it all at once also assume dozens of wallets each split each fork was updated. \n\nYou do it a few coins at a time never more than 100. You use shell companies so public doesnt know 1 person is so rich and vulnerable. There is a reason the top richest live like celebraties and have personal security as such. Because those that dont have will do anything to take from those that do have....', '1d0scxa'], ['u/CipherX0010', 33, '2024-05-26 07:43', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5pklfm/', "First off, you don't put your seed phrase anywhere on your phone", '1d0scxa'], ['u/aMacGuffin', 10, '2024-05-26 10:01', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5pvw1u/', 'Over The Counter, i.e. a private transaction not executed through an exchange. The acronym has nothing to do with blockchain, and comes from the world of securities trading.', '1d0scxa'], ['u/echoesofsavages', 69, '2024-05-26 10:01', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5pvy3k/', 'Sounds complicated. I will just stay poor', '1d0scxa'], ['u/Despot4774', 16, '2024-05-26 10:28', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5py1ey/', 'Rich people do not pay taxes, that is reserved for poor plebs, how is this not common knowledge?', '1d0scxa'], ['u/Comfortable-Rate-722', 23, '2024-05-26 12:15', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5q699x/', 'I don’t get the point, most of the boat are bigger than Jeff Bessos, the pal is about 170cm', '1d0scxa'], ['u/duotriophobia', 23, '2024-05-26 15:59', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5quc1v/', 'lol you\'re hysterically misinformed if you think celebrities are the "top richest" the top richest shy away from public eye 95% of the time', '1d0scxa'], ['u/TenshiS', 25, '2024-05-26 16:13', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5qwd7n/', 'Nice try Satoshi', '1d0scxa'], ['u/Gallagger', 11, '2024-05-26 16:16', 'https://www.reddit.com/r/BitcoinBeginners/comments/1d0scxa/how_to_unload_billions_from_bitcoin/l5qwtwg/', 'He meant security wise. Cebs must be careful because of fans/press.', '1d0scxa']]], ['u/Dwittster', 'Can U Be sellers', 25, '2024-05-26 05:56', 'https://www.reddit.com/r/GoodAssSub/comments/1d0szrq/can_u_be_sellers/', 'I been following ts since Glastonbury. Never in my lifetime did I actually think we were going to get this close to CUB after the MusicMafia GB for 2 bitcoin way back.\n\nIf I have this right, there are 2 sellers:\n\nSeller #1 has just the song + Travis verse \n\nSeller #2 has CDQ MusicMafia version + the Kendrick half of the “40/40” songs \n\nAre we fr gonna get the trav verse?', 'https://www.reddit.com/r/GoodAssSub/comments/1d0szrq/can_u_be_sellers/', '1d0szrq', [['u/KevinWeston77', 17, '2024-05-26 05:57', 'https://www.reddit.com/r/GoodAssSub/comments/1d0szrq/can_u_be_sellers/l5paby1/', 'We are back', '1d0szrq'], ['u/Dwittster', 20, '2024-05-26 05:57', 'https://www.reddit.com/r/GoodAssSub/comments/1d0szrq/can_u_be_sellers/l5pae1w/', 'che pope one was real', '1d0szrq'], ['u/Milaninvestor', 15, '2024-05-26 06:20', 'https://www.reddit.com/r/GoodAssSub/comments/1d0szrq/can_u_be_sellers/l5pcr12/', 'It’s funny seeing the sheer price difference from the Travis feature compared to the Music Mafia snippet. It seems more realistic that the $100,000 offer is less likely a scam. Considering back in 2019 the song was $50,000+ no way the Travis feature is $30,000. I’m assuming seller has a LQ version which he didn’t specify (like the time Snorlax was trying to sell Living So Italian for $30,000 but in LQ) or he has a AI versi...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin (BTC)whales, large holders of the cryptocurrency, have resumed their buying spree after a pause following Bitcoin’s all-time high in March. Market intelligence firm CryptoQuantreporteda surge in the 30-day percentage change in whale address holdings, indicating a growing interest in accumulating Bitcoin at current price levels.\nIn March, whales had increased their BTC holdings by more than 9.8%. Although their accumulation continued into April, the rate of growth slowed to 4.2% by May 1, coinciding with a significant market dip that saw Bitcoin\'s price plummet over 20% to under $57,000. However, since hitting the market bottom, the accumulation rate has rebounded to 5.5% as of May 22, signaling renewed interest from whales. During the market dip in early May, whales reportedly acquired 47,000 BTC, as highlighted by CryptoQuant CEO Ki Young Ju.\nThe return of strong buying force among Bitcoin whales suggests that they perceive the current prices as favorable for purchasing and accumulating. Whales, defined as owners of Bitcoin addresses holding between 1,000 BTC and 10,000 BTC, excluding mining firms and crypto exchanges, tend to increase their buying activity during bull markets and reduce it during bearish phases.\nBitcoin\'s current price stands at $69,065, gaining 0.24% over the past 24 hours and 3.58% over the week. Notably, the amount of money invested by whales in Bitcoin has more than doubled from $57 billion to $122 billion since the beginning of the year, based on the observed "realized cap" of whale coins. The realized cap considers the total value of coins owned by whales at the time of purchase, rather than their current market value.', 'Bitcoin (BTC)whales, large holders of the cryptocurrency, have resumed their buying spree after a pause following Bitcoin’s all-time high in March. Market intelligence firm CryptoQuantreporteda surge in the 30-day percentage change in whale address holdings, indicating a growing interest in accumulating Bitcoin at current price levels.\nIn March, whales had increased their BTC holdings by more than 9.8%. Although their accumulation continued into April, the rate of growth slowed to 4.2% by May 1, coinciding with a significant market dip that saw Bitcoin\'s price plummet over 20% to under $57,000. However, since hitting the market bottom, the accumulation rate has rebounded to 5.5% as of May 22, signaling renewed interest from whales. During the market dip in early May, whales reportedly acquired 47,000 BTC, as highlighted by CryptoQuant CEO Ki Young Ju.\nThe return of strong buying force among Bitcoin whales suggests that they perceive the current prices as favorable for purchasing and accumulating. Whales, defined as owners of Bitcoin addresses holding between 1,000 BTC and 10,000 BTC, excluding mining firms and crypto exchanges, tend to increase their buying activity during bull markets and reduce it during bearish phases.\nBitcoin\'s current price stands at $69,065, gaining 0.24% over the past 24 hours and 3.58% over the week. Notably, the amount of money invested by whales in Bitcoin has more than doubled from $57 billion to $122 billion since the beginning of the year, based on the observed "realized cap" of whale coins. The realized cap considers the total value of coins owned by whales at the time of purchase, rather than their current market value.', "Standard Chartered, one of the leading global banks, has predicted that Solana and XRP will soon receive their own exchange-traded funds (ETFs) for digital assets. This statement comes in the wake of the U.S. Securities and Exchange Commission's (SEC) approval of eight spot Ethereum ETFs, allowing traditional investors to purchase shares tracking the price of the second-largest cryptocurrency. The SEC's decision marks a significant milestone and follows the approval of spot Bitcoin ETFs earlier this year.\nGeoffrey Kendrick, head of crypto research and emerging market foreign currencies at Standard Chartered, believes it's only a matter of time before other major digital coins also receive ETF status. While he expects this development to occur in 2025 rather than 2024, Kendrick emphasizes the potential forSolana (SOL)andXRPto gain the ETF wrapper status.\nThe approval of Ethereum ETFs surprised many industry observers and analysts, as the SEC had shown little engagement with asset managers seeking to launch these funds. However, fund managers adjusted their paperwork to expedite the process, leading to the SEC granting approval. This decision is unexpected given the SEC's previous crackdown on the crypto industry and allegations that Ethereum should be classified as a security rather than a commodity.\nKendrick further explained that coins similar to Ethereum, including XRP, are likely not considered securities by the SEC due to their core technological similarities. The SEC previously claimed that certain coins, including XRP, constituted securities. However, a 2023 court ruling determined that programmatic sales of XRP to retail investors did not qualify as securities.", 'Celebrity and influencer X accounts on social media platforms have fallen victim to a recent wave of hacks, with hackers promoting various cryptocurrencies and memecoins. One notable figure who confirmed their X account being hacked is Gigantic-Cassocked-Rebirth (GCR), a popular pseudonymous crypto investor known for their contrarian trades.\nOn May 26, GCR\'s compromised X account, which has over 247,900 followers,promotedORDI and Luna2.0, resulting in momentary price surges of 6% and 274% respectively. The GCR hack might be part of a broader attack on celebrity X accounts, according to the community. Bitcoin developer Udi Wertheimer revealed that GCR had mentioned an ongoing operation targeting prominent Twitter accounts. With niche celebrities launching meme coins and platform engineers being away during long weekends, caution is advised.\nAmerican rapper Rich The Kid\'s X account shared a link for his 2.3 million followers to purchase the new token "RICH," launched on the Solana-based memecoin creator tool pump.fun. Within two hours of its launch, RICH already amassed a market cap of $90,000. While no official confirmation of a hack has been made concerning Rich The Kid\'s account, the post promoting the token has been removed.\nAround the same time, the X account of American media personality Caitlyn Jenner promoted the memecoin "JENNER," which has gained a market cap of $4.7 million since its launch. The posts promoting JENNER appeared more convincing, as they featured videos of Jenner assuring followers of the authenticity of the crypto token.', 'Investing.com -- A few days after Donald Trump\'s presidential campaign announced it would start accepting crypto donations, the former President made his most explicit endorsement of cryptocurrency to date.\nIn a post on Truth Social shared shortly before his scheduled appearance at the Libertarian National Convention, the leading 2024 Republican candidate wrote: "I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry. Our country must be the leader in the field."\nTrump asserted his support in his familiar capitalized letters. "There is no second place," he added, contrasting his stance with President Biden\'s, whom he accused of wanting the crypto industry to "die a slow and painful death."\nThe announcement highlights Trump\'s message that he\'s a crypto-friendly candidate and targets a core group of young male voters who are getting into digital assets. This came as Trump\'s defense team rested in his hush money case in New York.\nMoreover, Trump\'s campaign has set up a fundraising page that lets eligible donors contribute to its political committees using any cryptocurrency supported by the Coinbase (NASDAQ:COIN) exchange, in an effort to create a "crypto army" in the run-up to Election Day.\nTrump\'s latest comments indicate a major change from his earlier doubts about cryptocurrencies. In a 2021 interview with Fox Business, Trump stated, "The currency of this world should be the dollar. And I don\'t think we should have all of the Bitcoins of the world out there. I think they should regulate them very, very high."\nHowever, Trump\'s views on crypto appear to have evolved, especially following the success of his Trump-branded NFT trading cards. These NFTs, including the "Mugshot Edition NFTs," offered holders unique perks such as the chance to dine with Trump after a trial date.\nTrump\'s comments also come just before his speech at the Libertarian National Convention, where he needs to draw voters away from third-party candidate Robert F. Kennedy Jr., who is known for his pro-crypto and anti-regulation views.\nRelated Articles\nTrump tweets support for crypto ahead of Libertarian convention speech\nApu Memecoin Soars, Reaching 11,600 Token Holders with Strong Community Support\nHashKey Global Launchpool, the world\'s first regulated platform for pledge to earn new tokens, is now live', 'Investing.com-- Bitcoin was little changed on Monday as concerns over high interest rates persisted ahead of key U.S. inflation data due later this week, while Ether saw an extended rally on progress towards a spot exchange-traded fund.\nBroader crypto prices were also largely subdued, as traders remained biased towards the dollar amid waning optimism over interest rate cuts by the Federal Reserve this year.\nBitcoin was down 1.2% in the past 24 hours to $68,354.5 by 07:49 ET (11:49 GMT), remaining within a trading range established over the past two months.\nBut world no. 2 token Ether was trading near two month highs, up 2.2% to $3,897.5.\nThe world’s second-largest crypto token saw a major boost over the weekend after the Securities and Exchange Commission approved applications from several major exchanges for the listing of ETFs that directly track the price of Ether.\nThe approval now opens the door for the SEC to e
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-27
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,366,028,750,906
- Hash Rate: 515938901.7236049
- Transaction Count: 551610.0
- Unique Addresses: 430424.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.74
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: MicroStrategy, the world’s largest corporate Bitcoin holder, has unveiled MicroStrategy Orange, a decentralized identity protocol built on the Bitcoin blockchain.
Announced at the Bitcoin for Conference by the company’s CEO Michael Saylor onWednesday, the platform aims to provide secure, tamper-proof digital identities without relying on additional blockchain layers, processing thousands of identifiers within a single Bitcoin transaction.
MicroStrategy Orange capitalizes on the security features of the Bitcoin network, specifically using Ordinal-based inscriptions to store and manage DIDs.
This approach offers a new level of security for enterprise systems.
The company has already developed an application for email authentication and is looking to extend its technology to other platforms and industries.
The protocol’s introduction at MicroStrategy’s conference in Las Vegas highlights the company’s commitment to leveraging Bitcoin’s capabilities beyond traditional financial uses.
By utilizing a modified approach to inscriptions and Bitcoin’s SegWit feature, MicroStrategy Orange facilitates the creation and updating of documents with fewer size and content limitations....
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['Bitcoin and ether exchange-traded notes (ETNs) have begun trading on the London Stock Exchange (LSE), opening the door to potentially make the UK the crypto hub of Europe, according to a 21Shares executive.\nETNs are traded and settled like regular shares and track the performance of underlying assets such as bitcoin or ether, similar to spot bitcoin exchange-traded funds (ETFs), which were approved by the US Securities and Exchange Commission (SEC) in January.\nYahoo Finance Future Focus spoke to Alex Pollak, head of UK for 21Shares, about the launch of bitcoin and ether ETN trading on the LSE, and what this could mean for the develop of the UK as a global crypto hub.\nRead more:What are bitcoin ETNs?\nPollak stated that by approving the listing of bitcoin and ether ETNs on the LSE, the UK\'s Financial Conduct Authority (FCA) is attempting to gradually open up the crypto market in the UK.\n"I think the fact that these products will now be available on the London Stock Exchange does show progress and I think within three years from now the UK will be home to the largest crypto exchange-traded fund market in Europe," Pollak added.\nHe said that in terms of significance, the listing of bitcoin and ether ETNs on the LSE represents a milestone in how UK investors can access crypto.\n"From a 21Shares perspective I would add that, as the world’s largest issuer of crypto-backed ETPs with more than 40 products listed on 11 Exchanges, we’re proud to be part of this historic moment as we make our bitcoin and ether products available to UK investors in both GBP and USD," Pollak added.\nHowever, the 21Shares executive stressed that Tuesday\'s bitcoin and ether ETN listing on the LSE will be for professional investors only. "But the game-changer in the UK will be when the retail ban is lifted, there is a retail ban on trading bitcoin and ether ETNs at the moment," he added.\nLast week, a spokesperson for CryptoUK said they are pleased to see that the FCA has approved the applications of some providers to list physically-backed bitcoin and ether (ETH-USD) exchange-traded products on the LSE.\nRead more:Crypto live prices\n"The move is a step in the right direction for the UK, its equity markets and the government’s aspiration to secure Britain as a global crypto-asset hub. We would, however, reiterate that we would like to see more crypto-related instruments available to both institutional and retail investors in the UK. The country risks falling behind US equity markets, which have seen a surge in interest for bitcoin ETFs," CryptoUK added.\nIn April 2022, then-chancellor and current UK prime minister Rishi Sunak announced a plan to make the country a "global crypto hub". However, since then, the UK has lagged behind other jurisdictions, becoming one of the last major markets to resist the trading of crypto-related securities, despite the government\'s efforts to position the country as a potential centre for digital asset markets.\nRead more:Bitcoin ETFs poised for US pension plan inflows, Standard Chartered analyst says\nThe SECapproved the first US-listed ETFs to track bitcoin(BTC-USD) in January. A spot bitcoin ETF is similar to London\'s ETN products, and investors anticipate both types of financial products could open the gateway for mainstream capital to flood the crypto market.\nCurrently, indications of traditional finance interest in digital assets in the US seem favourable, with fund managers such as BlackRock (BLK) and Franklin Templeton (BEN) increasing their allocations into the bitcoin via ETFs.\nWatch: What is a spot bitcoin ETF and why it has sparked a crypto rally? | Future Focus\nDownload the Yahoo Finance app, available forAppleandAndroid.', 'Bitcoin and ether exchange-traded notes (ETNs) have begun trading on the London Stock Exchange (LSE), opening the door to potentially make the UK the crypto hub of Europe, according to a 21Shares executive.\nETNs are traded and settled like regular shares and track the performance of underlying assets such as bitcoin or ether, similar to spot bitcoin exchange-traded funds (ETFs), which were approved by the US Securities and Exchange Commission (SEC) in January.\nYahoo Finance Future Focus spoke to Alex Pollak, head of UK for 21Shares, about the launch of bitcoin and ether ETN trading on the LSE, and what this could mean for the develop of the UK as a global crypto hub.\nRead more:What are bitcoin ETNs?\nPollak stated that by approving the listing of bitcoin and ether ETNs on the LSE, the UK\'s Financial Conduct Authority (FCA) is attempting to gradually open up the crypto market in the UK.\n"I think the fact that these products will now be available on the London Stock Exchange does show progress and I think within three years from now the UK will be home to the largest crypto exchange-traded fund market in Europe," Pollak added.\nHe said that in terms of significance, the listing of bitcoin and ether ETNs on the LSE represents a milestone in how UK investors can access crypto.\n"From a 21Shares perspective I would add that, as the world’s largest issuer of crypto-backed ETPs with more than 40 products listed on 11 Exchanges, we’re proud to be part of this historic moment as we make our bitcoin and ether products available to UK investors in both GBP and USD," Pollak added.\nHowever, the 21Shares executive stressed that Tuesday\'s bitcoin and ether ETN listing on the LSE will be for professional investors only. "But the game-changer in the UK will be when the retail ban is lifted, there is a retail ban on trading bitcoin and ether ETNs at the moment," he added.\nLast week, a spokesperson for CryptoUK said they are pleased to see that the FCA has approved the applications of some providers to list physically-backed bitcoin and ether (ETH-USD) exchange-traded products on the LSE.\nRead more:Crypto live prices\n"The move is a step in the right direction for the UK, its equity markets and the government’s aspiration to secure Britain as a global crypto-asset hub. We would, however, reiterate that we would like to see more crypto-related instruments available to both institutional and retail investors in the UK. The country risks falling behind US equity markets, which have seen a surge in interest for bitcoin ETFs," CryptoUK added.\nIn April 2022, then-chancellor and current UK prime minister Rishi Sunak announced a plan to make the country a "global crypto hub". However, since then, the UK has lagged behind other jurisdictions, becoming one of the last major markets to resist the trading of crypto-related securities, despite the government\'s efforts to position the country as a potential centre for digital asset markets.\nRead more:Bitcoin ETFs poised for US pension plan inflows, Standard Chartered analyst says\nThe SECapproved the first US-listed ETFs to track bitcoin(BTC-USD) in January. A spot bitcoin ETF is similar to London\'s ETN products, and investors anticipate both types of financial products could open the gateway for mainstream capital to flood the crypto market.\nCurrently, indications of traditional finance interest in digital assets in the US seem favourable, with fund managers such as BlackRock (BLK) and Franklin Templeton (BEN) increasing their allocations into the bitcoin via ETFs.\nWatch: What is a spot bitcoin ETF and why it has sparked a crypto rally? | Future Focus\nDownload the Yahoo Finance app, available forAppleandAndroid.', "Bitcoin exchange-traded funds (ETFs) have reached a significant milestone, with over 1 million BTC now held in custody by these investment vehicles designed to track the price performance of the cryptocurrency. According to data shared by Michael Saylor, the executive chairman of MicroStrategy, on Twitter, more than 30 Bitcoin ETFs collectively own 1,002,343 BTC as of May 24.\nThe majority of these Bitcoin holdings are held within the U.S. Bitcoin spot ETFs, which were launched in January. The largest funds, the Grayscale Bitcoin Trust and BlackRock's iShares Bitcoin Trust, each hold roughly half of the BTC, with 289,040 BTC and 287,168 BTC, respectively. Other significant Bitcoin ETFs include the Fidelity Wise Origin Bitcoin Trust (161,538 BTC), the Ark 21Shares Bitcoin ETF (48,444 BTC), and the Bitwise Bitcoin ETF (36,185 BTC). Internationally, Canada's Purpose Bitcoin ETF, the first to launch globally, holds 27,110 BTC and remains the largest Bitcoin ETF.\nThese holdings represent approximately 5% of the total circulating supply of Bitcoin worldwide, currently valued at $70.5 billion. Notably, the BTC held by ETFs is almost five times the size of Saylor's personal Bitcoin stash, which amounts to 214,400 BTC ($15 billion).\nBitcoin ETFs provide investors with exposure to Bitcoin through the familiar ETF structure, allowing them to include the asset alongside other securities within retirement or tax-advantaged accounts. These ETFs also enable large institutions to gain exposure to Bitcoin. First-quarter reporting data revealed that over 20% of exposure to U.S. spot Bitcoin ETFs was held by large investors and institutions with total assets exceeding $100 million. This includes hedge funds, banks, and even the state of Wisconsin's pension fund.", "Bitcoin exchange-traded funds (ETFs) have reached a significant milestone, with over 1 million BTC now held in custody by these investment vehicles designed to track the price performance of the cryptocurrency. According to data shared by Michael Saylor, the executive chairman of MicroStrategy, on Twitter, more than 30 Bitcoin ETFs collectively own 1,002,343 BTC as of May 24.\nThe majority of these Bitcoin holdings are held within the U.S. Bitcoin spot ETFs, which were launched in January. The largest funds, the Grayscale Bitcoin Trust and BlackRock's iShares Bitcoin Trust, each hold roughly half of the BTC, with 289,040 BTC and 287,168 BTC, respectively. Other significant Bitcoin ETFs include the Fidelity Wise Origin Bitcoin Trust (161,538 BTC), the Ark 21Shares Bitcoin E
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-28
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,343,335,756,481
- Hash Rate: 562079779.1135205
- Transaction Count: 596790.0
- Unique Addresses: 448181.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: In theory, looking ahead at markets this week should be focusing on the big quarter just ended and what the prospects are for stocks and the economy.
In theory.
But a lot of attention will be paid to the bitter, emotional proxy fight for control of the Walt Disney Co.(DIS).
At the same time, there is a huge report that will move markets this week: the monthly jobs report due Friday before U.S. markets open.
The expectation is for the U.S. unemployment rate to hold at 3.9%, with non-farm payrolls growing by 205,000. A big gain could spook bond markets and sent interest rates higher — and stocks lower.
Related: The Fed's stock market influence, like inflation pressure, continues to fade
In addition, Monday's markets will have to weigh whether a Friday report was good or bad. The Bureau of Economic Analysis reported that itsPersonal Consumption Expenditures Price Indexrose 2.5% year over year. Its core measure showed a 2.8% increase.
Fed Chairman Jerome Powell said the numbers were in line with estimates. Markets won't weigh in until Sunday night.
How good was the market in March?
The Standard & Poor's 500 Index rose 10.2%, its best first-quarter performance since 2019. The Dow added 5.6%, and the Nasdaq Composite was up 9.1%.
The S&P set eight new closing highs during the month. The Dow hit three. Both indexes, in fact, finished the month with record closes.
The Nasdaq Composite had two record closes in the month, the last on March 22, and ended up 1.8% for the month.
All 11 sectors of the index showed gains during the month, led by the energy sector, up 10.4%, and materials up 6.2%.
The weakest sector was Consumer Discretionary stocks, up just 0.01%. The group includes Tesla(TSLA), down 12.9% for the month, retailer Lululemon Athletica(LULU), down 16.4%. was the weakest. Dow component Nike(NKE)was off 9.6%.
Chip maker Micron Technology(MU)was the top S&P 500 stock in the month, up 30.11%. But it was the only semiconductor stock in the the top 10.
Nvidia(NVDA)was uponly14.2%. It's still up 82.5% on the year.
Bitcoin finished March at $71,024, up 14.4% for March and a whopping 67% for the year.
The close on Sunday, however, was 3.3% below its closing high of $73,463 on March 13 and nearly 3.8% from its intraday peak of $73,798 on March 14.
What's next? Higher, most analysts believe.
There is great confidence among traders that the stock-market rally that started in October has the power to continue — absent a war or another bitterly fought federal election season like 2020.
Two factors one hears the traders cite:
• The economy and markets have been able to carry on despite the current interest-rate environment.
• The Federal Reserve may not be in a rush to cut interest rates, but the central bank doesn't appear interested in raising them either. The 10-year Treasury yield moved up to about 4.33% from 3.9% at the end of 2023 but drifted back to 4.2%.
Meanwhile, the proxy fight for control of Walt Disney(DIS)will increasingly grab eyes and ears all the way into Disney's annual meeting that starts at 1 p.m. EDT (10 a.m. PDT) on Wednesday. That's when the votes will be counted on whether candidates from two groups of activist investors will be elected to the Disney board.
A note: This is a virtual meeting.
• You can listen in by going to the Disney Investors Relations site.
• Oraccess the meeting directly here.
• If you are a shareholder and want to ask questions, you must pre-register.
The Disney battle is an election where you can't poll the voters — in this case, the actual shareholders — to any reliable degree. They just mark their proxies and send them in.
Normally, big investors dominate the voting in a proxy fight, but small investors control around 40% of Disney's shares, and they may well decide the battle.
Some small investors are just in the game to make money from the stock. Others were given shares as children or bought some with earnings from high-school jobs and just haven't sold.
The Disney fight is primarily between Trian Fund Management, managed by activist investor Nelson Peltz. Trian controls 1.8% of Disney's shares wants to vote Peltz and former Disney executive Jay Rasulo onto the board.
More on Disney
• Billionaire investor has a problem with ‘woke’ Disney movies
• Analysts adjust Disney stock price targets ahead of proxy fight
• Analysts unveil new Disney stock price targets after earnings
A second group, known as the Blackwells Group, led by Blackwells Capital Management, is also in the fight, hoping to elect three candidates to the board.
Peltz has estimated he's spent $25 million on his campaign,The New York Times reported. Disney guesses their costs at $40 million.
Tensions are rising as investors big and small take sides. Peltz has even weighed in about the kinds of entertainment the company produces.
He was criticized recently for suggesting Disney should stop making films with all-African-American casts or all-female casts. Disney's Marvel unit did produce Black Panther in 2018, which grossed $1.3 billion world-wide.
Presumably, either of the groups trying to get on the Disney board would advocate strongly for trimmed production spending for Disney's entertainment assets and lower operating costs for its theme parks. And greater direct returns to shareholders.
Shutterstock
Disney's shares have struggled since peaking at about $200, in early 2021, falling to as low as $79.33 on October 27, 2023.
That was, ironically, the day the market bottomed and started its big fall rally.
Disney's price as of March 28 was $122.36. Its 35.2% first-quarter gain was the best performance of any stock in the Dow Jones Industrial Average. It was also the ninth-best year-to-date performer in the Standard & Poor's 500 Index.
Moreover, it's up 54% from the Oct. 27 market bottom, second-best among the Dow stocks after the 61% gain for American Express(AXP).
Aside from the jobs report, the week ahead does not feature huge economic reports that can send stocks and bonds higher or detail the big rally that started in October.
But watch the OPEC meeting this week. Oil prices are up 16% so far in 2024. And retail gasoline prices have moved up nearly 14% this year, a faster pace than a year ago.
No change in policy is expected. Reuters reported global oil prices are risingbecause of worries that war in Middle East and attacks on Russian energy infrastructure could disrupt supplies.
As of Saturday, theAmerican Automobile Association's daily price surveyshowed the national price of regular unleaded gasoline at $3.536 a gallon.
Only 137 fourth-quarter earnings reports are due this week. Among the biggest is payroll services provider Paychex(PAYX)on Tuesday. The consensus estimate is $1.36 a share, up from $1.29 a year ago.
The first-quarter earnings season, however, starts at 8:30 a.m. on April 12 when JP Morgan Chase(JPM)reports first-quarter results. Investors admire the banking giant; shares are up 17.8% this year. The average analyst estimate: $4.16 a share.
Related: Veteran fund manager picks favorite stocks for 2024...
- Reddit Posts (Sample): no_data...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
| |
You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['CASTLE ROCK, Colo., May 29, 2024--(BUSINESS WIRE)--Riot Platforms, Inc. ("Riot") issues this press release pursuant to Part 3 of Canadian National Instrument 62-103 –The Early Warning System and Related Take-Over Bid and Insider Reporting Issuesand Part 5 of Canadian National Instrument 62-104 –Take-Over Bids and Issuer Bidsin respect of Bitfarms Ltd. (the "Company").\nRiot announces that on May 28, 2024 it acquired ownership of 3,002,350 common shares (the "Purchased Shares") of the Company representing approximately 0.75% of the issued and outstanding Common Shares (the "Common Shares") of the Company.\nThe Purchased Shares were acquired through normal course purchases on the Nasdaq Stock Market and other open market trades for a weighted average price of approximately US$2.19 per Purchased Share (equivalent to approximately C$2.99 per Purchased Share based on the daily exchange rate posted by the Bank of Canada on May 28, 2024 (the "Exchange Rate")) at a price range per Purchased Share of US$2.14 to US$2.23 (equivalent to approximately C$2.92 to C$3.04 based on the Exchange Rate) for an aggregate amount equal to US$6,572,744.62 (equivalent to approximately C$8,963,909.11 based on the Exchange Rate).\nImmediately prior to the acquisition of Common Shares giving rise to the issuance of this press release, Riot beneficially owned 36,856,350 Common Shares, representing approximately 9.25% of the issued and outstanding Common Shares. Following completion of the aforementioned acquisition, Riot beneficially owned 39,858,700 Common Shares, representing approximately 10.00% of the issued and outstanding Common Shares as at the date hereof.\nThe purchase of the securities giving rise to the issuance of this press release followed Riot’s attempt to engage with the board of directors of the Company (the "Board") regarding a non-binding proposal to acquire all of the outstanding Common Shares of the Company. In particular, on April 22, 2024, Riot sent a letter to the Board that set out Riot’s non-binding proposal to acquire all of the outstanding Common Shares of the Company (the "Proposal") for consideration of US$2.30 per Common Share, to be paid with a combination of cash and shares of Riot’s common stock (the "Purchase Price").\nOn May 28, 2024, Riot sent another letter to the Board reiterating the Proposal at the Purchase Price and advising the Board that Riot had acquired approximately 9.25% of the Common Shares. The letter indicated that Riot currently intends to requisition a special meeting of the Company’s shareholders, at which Riot intends to nominate several well-qualified and independent directors to join the Company’s Board.\nOn May 28, 2024, Riot issued a press release publicly announcing the Proposal and that Riot had acquired approximately 9.25% of the Common Shares.\nNeither the Proposal, nor this press release is meant to be, nor should be construed as, an offer (or an intention to make an offer) to buy or the solicitation of an offer to sell any of the Company’s securities.\nRiot intends to review its investment in the Company on a continuing basis and depending upon various factors, including without limitation, the Board’s response, if any, to the Proposal and any discussion between Riot and the Board relating thereto, the Company’s financial position and strategic direction, overall market conditions, other investment opportunities available to Riot, and the availability of securities of the Company at prices that would make the purchase or sale of such securities desirable, Riot may: (i) increase or decrease its position in the Company through, among other things, the purchase or sale of securities of the Company, including through transactions involving the Common Shares and/or other equity, debt, notes, other securities, or derivative or other instruments that are based upon or relate to the value of securities of the Company in the open market or otherwise; (ii) enter into transactions that increase or hedge its economic exposure to the Common Shares without affecting its beneficial ownership of the Common Shares; or (iii) consider or propose one or more of the actions described in subparagraphs (a) – (k) of Item 5 of Riot’s Early Warning Report filed in accordance with applicable Canadian securities laws.\nIf the proposed transaction contemplated by the Proposal is consummated, it would result in, among other things, (i) the acquisition by Riot of additional securities of the Company, (ii) a change of control of the Company, (iii) a change in the board of directors or management of the Company, (iv) the de-listing of the Common Shares from the Toronto Stock Exchange and the Nasdaq Stock Market, (v) the de-registration of the Common Shares under the U.S. Securities Exchange Act of 1934, as amended, and (vi) the Company ceasing to be a reporting issuer under Canadian securities legislation.\nRiot will file the Early Warning Report in accordance with applicable securities laws, which will be available under the Company’s profile atwww.sedarplus.ca. The head office of the Company is 110 Yonge Street, Suite 1601, Toronto, Ontario M5C 1T4. The address of Riot is 3855 Ambrosia Street, Suite 301, Castle Rock, CO 80109.\nFOR MORE INFORMATION\nFor further information and to obtain a copy of the Early Warning Report, please see the Company’s profile on the SEDAR+ website (www.sedarplus.ca) or contact Phil McPherson, Vice President, Capital Markets & Investor Relations, at (303) 794-2000 ext. 110.\nAbout Riot Platforms, Inc.\nRiot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.\nRiot, a Nevada corporation, is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. Riot has Bitcoin mining operations in central Texas and electrical switchgear engineering and fabrication operations in Denver, Colorado.\nFor more information, visitwww.riotplatforms.com.\nNon-Binding Proposal\nRiot cautions Riot shareholders, Company shareholders and others considering trading in Riot securities or Company securities that the Proposal referred to in this press release is non-binding, does not constitute and should not be construed as an offer or intention to make an offer directly to Company shareholders, and there can be no assurance that any definitive offer will be made by Riot, that the Company will accept any offer made by Riot, that any agreement will be entered into by Riot and the Company or that the Proposal or any other transaction will be approved or consummated. Riot does not undertake any obligation to provide any updates with respect to the proposed transaction, except as required by applicable law.\nCautionary Note Regarding Forward Looking Statements\nStatements contained herein that are not historical facts constitute "forward-looking statements" and "forward-looking information" (together, "forward-looking statements") within the meaning of applicable U.S. and Canadian securities laws that reflect management’s current expectations, assumptions, and estimates of future events, performance and economic conditions. Such forward-looking statements rely on the safe harbor provisions of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934 and the safe harbor provisions of applicable Canadian securities laws. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words and phrases such as "anticipate," "believe," "combined company," "create," "drive," "expect," "forecast," "future," "growth," "intend," "hope," "opportunity," "plan," "potential," "proposal," "synergies," "unlock," "upside," "will," "would," and similar words and phrases are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements concerning: uncertainties as to whether any definitive offer will be made by Riot or the Company will accept any offer made by Riot; whether the Company will enter into discussions with Riot regarding the proposed combination of Riot and the Company; the outcome of any such discussions, including the possibility that the terms of any such combination will be materially different from those described herein; the conditions to the completion of any combination, including the receipt of Company shareholder approval and the receipt of all required regulatory approvals; the future performance, results of operations, liquidity and financial position of each of Riot, the Company and the company resulting from the combination of Riot and the Company; the possibility that the combined company may be unable to achieve expected synergies and operating efficiencies within the expected timeframes or at all; the integration of the Company’s operations with those of Riot and the possibility that such integration may be more difficult, time-consuming and costly than expected or that operating costs and business disruption may be greater than expected in connection with the proposed transaction. Such forward-looking statements are not guarantees of future performance or actual results, and readers should not place undue reliance on any forward-looking statement as actual results may differ materially and adversely from forward-looking statements. Detailed information regarding the factors identified by the management of Riot, which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release, may be found in Riot’s filings with the U.S. Securities and Exchange Commissio
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-29
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,329,055,992,084
- Hash Rate: 574663654.7653158
- Transaction Count: 725428.0
- Unique Addresses: 449070.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.72
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: The Securities and Exchange Commission (SEC) hasdelayedits decision on a rule change that would allow an Invesco Galaxy spot Ethereum exchange traded fund to begin trading, the agency said in a filing posted Monday.
The SEC extended its deadline by 60 days and will decide whether to approve or reject the Invesco application for the rules change by July 5.
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the SEC said in the filing.
The SEC hasalready delayedapplications for spot Ethereum ETFs from BlackRock Inc., Fidelity Investments, VanEck, and ARK Invest in recent months. The proposed funds are unique from Ethereum futures funds, which the SEC approved last year, because they are based primarily on ether—the cryptocurrency of the Ethereum blockchain—instead of futures contracts. The agency hasfinal deadlinesof May 23 to rule on the VanEck application and May 24 to decide on ARK.
Yet the SEC hashesitated to approve the spot Ethereum ETFs over concerns about market manipulation and fraud, which agency Chairman Gary Gensler has argued plague digital assets, and which presented an obstacle before the Jan. 10 approval of 10 spot bitcoin ETFs (an 11th fund subsequently started trading in March).
Read More:SEC Delays Decision on Allowing Spot Bitcoin ETF Options Trading
After soaring for more than a year, ether's price has dropped 10% over the past month to trade just above $3,000, as investors spooked by inflation and macroeconomic uncertainties have shied away from risk-on assets. Ether hit an all-time high near $4,200 in March, according to cryptocurrency markets data provider CoinMarketCap.
Meanwhile, optimism that the SEC will approve spot Ethereum ETFs has waned, with Gensler reiterating on different occasions that approval of one type of spot digital asset fund did not mean the agency would approve others.
Analystshave notedthe agency’s lack of back-and-forth with issuers in recent weeks, similar to the final run-up before the agency's approval of spot bitcoin funds. The SEC was able to satisfy its consumer protection concerns about the spot bitcoin ETFs in a flurry of meetings with issuers during the weeks preceding their approval.
Bloomberg ETF analysts Eric Balchunas and James Seyffart have lowered their odds of spot Ethereum ETF approval in May from roughly 75% to 25%.
Issuers are optimistic that ether-based funds could generate robust inflows amid rising market interest in cryptocurrency investments. The 11 spot bitcoin ETFs have generated about $11.7 billion in inflows and have acombined assetsunder management of about $55 billion after only four months of trading, according to U.K.-based investment management firm Farside Investors.
Read More:BlackRock's IBIT Has 1st Outflows as Crypto Fervor Dips
Contact Lucy Brewster [email protected].
Permalink| © Copyright 2024etf.com.All rights reserved...
- Reddit Posts (Sample): [['u/v2Quad', 'Tarkov luck', 51, '2024-05-29 00:40', 'https://www.reddit.com/r/EscapefromTarkov/comments/1d2wtp9/tarkov_luck/', "Did a scav run on streets, got into relax room and found 4x BTC and the rest of good loot, all the injectors I needed, and a LEDx. Then ran to the mall for Exfil, found TWO bloody rusty keys after days of searching, immediately ran to exfil clinching my cheeks harder than I ever have. Exfil, then crashed to find out servers are down. If I lose what I got from that run I am gonna have a stroke. Tarkov'd!", 'https://www.reddit.com/r/EscapefromTarkov/comments/1d2wtp9/tarkov_luck/', '1d2wtp9', [['u/WitheredWriter', 17, '2024-05-29 00:43', 'https://www.reddit.com/r/EscapefromTarkov/comments/1d2wtp9/tarkov_luck/l63cpa3/', "Nah, you'd get it back\n\nSauce: trust me, had that happened twice this season", '1d2wtp9']]], ['u/RichardKranium13', 'Ok bitches. I will shove an avocado up my ass if Wutang theory is real.', 398, '2024-05-29 01:32', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/', 'In fact if GameStop ever fucks with NFTs again. I will hold that bet or be banned for life. Mods get In here. I stand by my position that NFTs are fucking retarded and that half the people here don’t know shit about em. Sure In a hypothetical it makes sense but NFTs got hyped to DEATH and this recent Java script find has been literal Shilling! That market went pretty much nowhere in my honest opinion. I agree with the technology but the application is shit. Here especially. There is huge FUD happening that leans toward buying crypto and every single fuck in third world earth is trying to scam us right now. If game stop in anyway fucks with NFT again I will literally shove an avocado up my ass. Fuck NFTs buy, hold, drs. The plan hasn’t changed. How the FUCK are you going to compete with the likes of Amazon when you only cater to your apes with fucking NFTs. America doesn’t even understand bitcoin. Get real nerds and get back to doing what we do best. Buying and holding. Thanks for reading my DD. This is just my opinion and not financial advice. ', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/', '1d2xzld', [['u/RichardKranium13', 50, '2024-05-29 01:38', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63kyih/', 'I’m fully prepared. My ass has been tight for 3 years.', '1d2xzld'], ['u/TofuKungfu', 13, '2024-05-29 01:45', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63lx1n/', 'Including the avocado seed? 🧐', '1d2xzld'], ['u/RichardKranium13', 11, '2024-05-29 01:48', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63mb6w/', 'Full Avocado straight out the plastic', '1d2xzld'], ['u/satansayssurfsup', 58, '2024-05-29 01:51', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63mvyk/', 'Sounds like you just want to shove something up your butt. I love it.', '1d2xzld'], ['u/RichardKranium13', 11, '2024-05-29 01:54', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63nazj/', 'I’ll leave it to a vote', '1d2xzld'], ['u/HodlMyBananaLongTime', 29, '2024-05-29 01:54', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63nb36/', 'Where the fuck avocados come in plastic ?', '1d2xzld'], ['u/RichardKranium13', 30, '2024-05-29 01:55', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63ncho/', '', '1d2xzld'], ['u/RichardKranium13', 11, '2024-05-29 01:56', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63nlmc/', 'Also there’s plastic in your balls lol', '1d2xzld'], ['u/Doot_Dee', 11, '2024-05-29 01:58', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63nwym/', 'fuck it... Ima gonna do it anyway.', '1d2xzld'], ['u/Moribunde', 12, '2024-05-29 02:04', 'https://www.reddit.com/r/GME/comments/1d2xzld/ok_bitches_i_will_shove_an_avocado_up_my_ass_if/l63oslb/', "Not sure if that's prepared in this context", '1d2xzld']]], ['u/Icy_Amphibian_JASMY', 'JASMY KPI Math: The Road to $17.87', 36, '2024-05-29 02:15', 'https://www.reddit.com/r/JasmyToken/comments/1d2ywij/jasmy_kpi_math_the_road_to_1787/', 'I am reposting this since everybody is obsessed with price predictions. I still stand by this. When will this happen? It really could happen in 2026, and if not, I don’t see it taking longer than 2030.\n\nThere is no “realistic view” when it comes to crypto and market caps.\n\nI’ll tell you what is realistic…. Right now, there are useless meme coins have market caps in the tens of billions of $USD…. There is nothing else being built like JASMY and it is well established in legal precedence… Adding the crypto’s FET+OCEAN+AGIX+RNDR = $7.5 Billion right now (AND THAT IS WHAT JANCTION WILL BE)… I could go on and on…\n\nOriginal post: \n\nhttps://www.reddit.com/r/JasmyToken/s/wEm568sZ7e\n\nNote: Original Post had a small clerical error, using 106 instead of 107 million users. \n\n\nJASMY Inc. Key Performance Indicators (KPI) of Data Value and Price Data Ratio (PDR) - Resulting in Target Price $17.87\n\n**JASMY\'s goals for 2026 are clearly documented:**\n\n**107 Million ACTIVE USERS** (For reference: How Many People Own Crypto in 2022? *Over 300 million people* worldwide own cryptocurrencies, which includes coins such as Bitcoin and Ethereum.)\n\n2024 Note: We are up to approximately 400 million global crypto users. 107 million would be 25% of the entire user base right now.\n\n[https://earthweb.com/cryptocurrency-statistics/](https://earthweb.com/cryptocurrency-statistics/)\n\n**Average Data Value per capita** of **$500** (Unit of $USD$ confirmed by CFO Harada-san in latest AMA)\n\n**Price Data Ratio** of **16.7x**\n\n​\n\nFrom AMA:\n\nHARA\\_Jasmy/TOK — Today at 10:30 PM \nCurrently, we have three goals that we have already set forth. \n(1) **Number of users: 107M** \n(2) **Data Value 500USD** \n(3) **PDR 16.7** \n*We are now preparing even more detailed KPIs.* \n\n​\n\n**Let\'s Review the Rules of Ratios:**\n\n"A ratio is a way of comparing two or more similar quantities. A ratio of 2 cm to 5 cm is written as 2 : 5. A ratio is normally written using whole numbers only, with no units, in its simplest form. ***The numbers in a ratio must be written using the same units.*** If they are not, they should be converted to the same units. It does not matter which units are used for the conversion."\n\n[https://www.mathcentre.ac.uk/resources/uploaded/mc-ty-ratios-2009-1.pdf](https://www.mathcentre.ac.uk/resources/uploaded/mc-ty-ratios-2009-1.pdf)\n\n"In a:b, a/b (when b≠0) is called **the value of the ratio** . Things with the same ratio have the same ratio value. For example, the value 8/6 in the ratio 8:6 is reduced to 4/3, which is equal to the value 4/3 in the ratio 4:3. The ratio value a/b is sometimes called the ratio as it is. Also, a/b can be said to be \'the ratio of a to b\'."\n\n[https://ja.wikipedia.org/wiki/%E6%AF%94](https://ja.wikipedia.org/wiki/%E6%AF%94)\n\n​\n\n**NOW LET\'S PERFORM THE MATH USING KPIs:**\n\n* 107,000,000 \\[Users\\] x $500 \\[Average Data Value per User\\] = $53.5 Billion\n* Now, if JASMY\'s market cap was $53.5 Billion, JASMY Coin\'s price would be $1.07\n* BUT THIS SYSTEM WILL HAVE JASMY COIN STAKED & LOCKED AS A UTILITY TOKEN BY 107 MILLION ACTIVE USERS AND MULTIPLE COMPANIES, AS REQUIRED TO ACCESS THE DATA MARKET PLACE, MAKING IT MORE SCARCE & MORE VALUABLE - HENCE THE PDR MULTIPLIER\n\n2024 Note: My screaming did not include JANCTION utility of $JASMY COIN…\n\nPrice Data-value Ratio : 16.7x = \\[JASMY Coin market capitalization (\\*1)\\] / \\[Total user-user data value in the platform (\\*2)\\]\n\n(\\*1) Market Price x Market Circulation Supply\n\n(\\*2) Number of active users (data lockers) x data value per user \n\n​\n\n16.7 x $1.07 = **$17.87 = JASMY Price @ KPIs**\n\n​', 'https://www.reddit.com/r/JasmyToken/comments/1d2ywij/jasmy_kpi_math_the_road_to_1787/', '1d2ywij', [['u/PeachesPanTao', 14, '2024-05-29 03:47', 'https://www.reddit.com/r/JasmyToken/comments/1d2ywij/jasmy_kpi_math_the_road_to_1787/l6449ff/', 'Not sure what I just read but $17.87 would solve a few problems for me.', '1d2ywij'], ['u/randskarma', 11, '2024-05-29 03:48', 'https://www.reddit.com/r/JasmyToken/comments/1d2ywij/jasmy_kpi_math_the_road_to_1787/l644elg/', "Doge has no limit on supply, and that hit 70 cents!!!! And still trades 7x higher than jasmy atm. This space is all about marketing and people throwing money at big green candles. It jasmy even achieves $1. My life at 55 will be changed for the rest of it. People work their whole lives and sacrifice so much of it for their jobs, crypto can change anyone's life, if they're lucky enough and choose the right coins to buy.", '1d2ywij']]], ['u/Financial_Chemist286', '$1.00 Million BTC in 18 months where does that put $MSTR?', 17, '2024-05-29 03:06', 'https://www.reddit.com/r/MSTR/comments/1d2zz1w/100_million_btc_in_18_months_where_does_that_put/', 'Forbes article on Treasury Secretary blowing the whistle on ballonung USD shitcoin debt and calls for $1,000,000.00 $BTC in 18 months!!\n\nCould we hit $1.00m this cycle!? \n\nThat’s the question in how far we go and who will be there to make the gains but we know $MSTR is in the game to play and time will tell. \n\nFortunes are already being made and more to come! ', 'https://www.forbes.com/sites/digital-assets/2024/05/27/janet-yellen-issues-serious-34-trillion-warning-as-bitcoin-predicted-to-surge-to-1-million-price/?sh=1e1ee9a643be', '1d2zz1w', [['u/cameltoe30000', 12, '2024-05-29 03:55', 'https://www.reddit.com/r/MSTR/comments/1d2zz1w/100_million_btc_in_1...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['• Stocks fell on Wednesday ahead of fresh economic data on growth and inflation.\n• A $44 billion auction of seven-year Treasury notes was met with tepid demand.\n• Bond yields spiked for a second day, with the 10-year bond climbing by seven basis points to 4.61%.\nUS stocks dropped for a second day of the short trading week on Wednesday, with the Dow Jones Industrial Average declining by more than 300 points as Treasury yields continued to spike.\nAn auction of seven-year Treasury notes was met with weak demand, marking the third sale of US government bonds this week to spark fears of oversupply amid forecasts of higher-for-longer interest rates.The Treasury sold $44 billion worth of the notesat 4.650%, with reports noting that domestic demand was weaker than average. On Tuesday, a sale of two and five-year notes was priced to weaker demand from investors.\nThe 10-year bond jumped seven basis points to 4.61%.\nThe sell-off in the bond market comes ahead of two important data points for investors as they try to assess the path of interest rates for the rest of this year. On Thursday, first-quarter GDP will see its first revision, with expectations for growth to be lower than initially reported for the first three months of the year.\nMore importantly, on Friday, the Bureau of Economic Analysis will publish the Federal Reserve\'s preferred inflation measure. Price increases as measured by the personal consumption expenditures index are expected to be on par with March figures, rising 2.7%, according to economists\' estimates. However, a surprise to either the upside or downside could have a big impact on stocks and the broader market.\nThe Nasdaq Composite slid further from record highs hit on Tuesday, with the tech-heavy index spared from deeper losses by Nvidia, which rose almost 1% in the session.\nHere\'s where US indexes stood at the 4 p.m. closing bell on Wednesday:\n• S&P 500:5,266.95, down 0.7%\n• Dow Jones Industrial Average:38,441.54, down 1.1% (411 points)\n• Nasdaq Composite:16,920.58, down 0.6%\nHere\'s what else happened today:\n• An MIT economist says the AI boom will only boost GDP by about 1%.\n• Ozempic is at the center of South Park\'s latest season. That could be bad news for the drug maker\'s stock.\n• Jamie Dimon warned of turmoil if the booming private credit market shows signs of weakness.\n• The stock market could plummet 70% this cycle amid a "motherlode" of extreme FOMO, veteran investor John Hussman said.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil slumped 1% to $79.85 a barrel.Brent crude, the international benchmark, dropped 0.9% to $83.41 a barrel.\n• Goldfell 0.8% to $2,336.20 per ounce.\n• The 10-year Treasury yield rose seven basis points to 4.614%.\n• Bitcoindropped 1.6% to $67,286.78.\nRead the original article onBusiness Insider', "BlackRock has updated its filing with the Securities and Exchange Commission (SEC) for its proposed spotEthereumexchange-traded fund (ETF). The May 29amendmentto the iShares Ethereum Trust marks a crucial step toward making an ETH-based ETF available to the market, following last week's surprising approval of a similar financial product.\nEric Balchunas, a Bloomberg analyst, suggested that other applicants are likely to follow BlackRock's lead. He added that if the SEC provides another round of detailed feedback swiftly, spot Ethereum ETFs could potentially launch as early as next month. “End of June launch a legit possibility, [although] keeping my over/under date as July 4,” Balchunas posted.\nBlackRock's proposed ETF, which will trade under the ticker symbol ETHA, clarified that it will not engage in Ethereum staking. This means the returns from the ETF will differ from those that would be obtained by directly purchasing and holding Ethereum.\nThis week has been monumental for the cryptocurrency sector. In Washington, D.C., a rare instance of bipartisan support emerged for a crypto regulation bill, culminating in the SEC’s unexpected approval of spot Ethereum ETFs. Joe Lubin, Ethereum co-founder and CEO of Consensys, views these developments as a pivotal shift in the regulatory landscape for cryptocurrencies in the United States.\nBlackRock initially filed an S-1 form for its spot Ethereum ETF with the SEC in November, joining other heavyweights like ARK Invest, Fidelity, and VanEck. Crypto custodian Grayscale is also in the race, seeking to convert its Grayscale Ethereum Trust (ETHE) into a spot Ethereum ETF, a move similar to the one that paved the way for spot Bitcoin ETFs.", "The price ofBitcoin (BTC)has experienced a downward trend since reaching $70,300 on May 27, currently hovering around $67,920, a 2% decline over the past 7 days. Despite this, the $66,000 support level has remained robust since May 17, providing some stability for bullish investors who aren't overly concerned by this brief correction.\nA key area of interest is the Bitcoin derivatives market. On May 29, the open interest in Bitcoin futures, reflecting the total number of leverage bets,hita 16-month high, signaling an increased appetite for leveraged positions in BTC.\nShifts in macroeconomic trends have also influenced Bitcoin's performance. The S&P 500 is just 1.2% below its all-time high of 5,342, achieved on May 23, suggesting a strong stock market. Meanwhile, the 5-year Treasury yield has climbed to 4.63% from 4.34% two weeks ago, indicating a move away from fixed-income investments. This trend was underscored by weak demand at a Treasury Department auction on May 28, which pushed benchmark yields to levels that could be concerning for stock investors.\nOn May 29, the aggregate Bitcoin futures open interest reached 516k BTC, the highest since January 2023, marking a 6% increase over the past week. The Chicago Mercantile Exchange (CME) leads this market with a 30% share, followed by Binance at 22% and Bybit at 15%. This sizable open interest, equivalent to $34.8 billion indicates bullish sentiment, but also poses risks of cascading liquidations if leveraged positions are too high.\nBitcoin's price resilience has been supported by easing regulatory pressures in the United States. Notably, the approval of a spot Ethereum exchange-traded fund (ETF), the Senate's vote to repeal the SEC's proposed SAB 121 accounting rule, and Congress passing the FIT 21 reform, treating most cryptocurrencies as commodities.", "The price ofBitcoin (BTC)has experienced a downward trend since reaching $70,300 on May 27, currently hovering around $67,920, a 2% decline over the past 7 days. Despite this, the $66,000 support level has remained robust since May 17, providing some stability for bullish investors who aren't overly concerned by this brief correction.\nA key area of interest is the Bitcoin derivatives market. On May 29, the open interest in Bitcoin futures, reflecting the total number of leverage bets,hita 16-month high, signaling an increased appetite for leveraged positions in BTC.\nShifts in macroeconomic trends have also influenced Bitcoin's performance. The S&P 500 is just 1.2% below its all-time high of 5,342, achieved on May 23, suggesting a strong stock market. Meanwhile, the 5-year Treasury yield has climbed to 4.63% from 4.34% two weeks ago, indicating a move away from fixed-income investments. This trend was underscored by weak demand at a Treasury Department auction on May 28, which pushed benchmark yields to levels that could be concerning for stock investors.\nOn May 29, the aggregate Bitcoin futures open interest reached 516k BTC, the highest since January 2023, marking a 6% increase over the past week. The Chicago Mercantile Exchange (CME) leads this market with a 30% share, followed by Binance at 22% and Bybit at 15%. This sizable open interest, equivalent to $34.8 billion indicates bullish sentiment, but also poses risks of cascading liquidations if leveraged positions are too high.\nBitcoin's price resilience has been supported by easing regulatory pressures in the United States. Notably, the approval of a spot Ethereum exchange-traded fund (ETF), the Senate's vote to repeal the SEC's proposed SAB 121 accounting rule, and Congress passing the FIT 21 reform, treating most cryptocurrencies as commodities.", 'Global payments leader Mastercard hasrolled outa new service aimed at streamlining and securing peer-to-peer crypto transactions across several European and Latin American countries. The newly introduced "Crypto Credential" service allows users to create a Mastercard username to facilitate the sending and receiving of Bitcoin and various other cryptocurrencies via exchanges such as Bit2Me, Lirium, and Mercado Bitcoin, which operate in regions including Brazil, Argentina, and France.\nWalter Pimenta, Mastercard’s Executive Vice President of Product and Engineering for Latin America and the Caribbean, emphasized the importance of secure transactions in the growing blockchain and digital assets space. “As interest in blockchain and digital assets continues to surge in Latin America and around the world, it is essential to keep delivering trusted and verifiable interactions across public blockchain networks,” Pimenta stated.\nTraditionally, crypto transactions require the use of complex wallet addresses, which are lengthy and seemingly random strings of characters. Mistakes in these addresses can lead to the loss of funds. Mastercard\'s new service addresses this issue by notifying the sender if the recipient\'s wallet does not support the specific asset or blockchain, thereby preventing the transaction from proceeding and safeguarding users from potential losses.\nMoreover, the service tackles the problem of scammers using lookalike addresses to deceive users. Services often truncate wallet addresses, showing only the first and last few characters, which can be exploited by fraudsters.', 'According to anew surveyby Grayscale released on Tuesday, 44% of U.S. voters who currently do not own any cryptocurrency are holding off on purchas
**Last 60 Days of Bitcoin's Closing Prices:**
[]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-30
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,340,294,176,650
- Hash Rate: 515938901.7236049
- Transaction Count: 510417.0
- Unique Addresses: 499634.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: By Herbert Lash and Nell Mackenzie
NEW YORK/LONDON (Reuters) -A gauge of global stock markets rallied on Monday on optimism that major central banks will cut interest rates this year, while the yen weakened against the dollar after a surge last week from Japan's suspected currency intervention.
Stocks on both sides of the Atlantic advanced, and in Asia too, as a softer-than-expected U.S. labor market report on Friday led traders to revive bets that the Federal Reserve would ease monetary policy as early as September.
The dollar index, a measure of the U.S. currency against six major trading peers, was lower for a fourth straight session after Friday's data showed the lowest jobs gain since October calmed any angst that the Fed might even hike again.
Fed Chairman Jerome Powell "told the market that a hike was unlikely. Those were his words, 'unlikely,' and therefore they took that to mean that he wants to cut," said Brad Conger, chief investment officer at Hirtle Callaghan & Co in Conshohocken, Pennsylvania.
However, the inflation outlook is still uncertain as the market hopes rates are restrictive enough to slow the economy and reduce the pace of price increases, Conger said.
New York Fed President John Williams on Monday said that at some undefined point the U.S. central bank will lower its rate target, but for now monetary policy is in a "very good place," while Richmond Fed President Thomas Barkin said the battle against inflation will likely require a hit to demand.
On Wall Street, the Dow Jones Industrial Average rose 0.46%, the S&P 500 gained 1.03% and the Nasdaq Composite advanced 1.19%.
In Europe, the pan-regional STOXX 600 closed up 0.53% on signs the European Central Bank is more confident about cutting rates as euro zone inflation continues to decelerate, three ECB policymakers said.
Philip Lane, Gediminas Simkus and Boris Vujcic said separately that the inflation and growth data cemented their belief that euro zone inflation, which was 2.4% in April, will slow to the central bank's 2% target by the middle of next year.
MSCI's gauge of stocks across the globe rose 0.50% to close at 1,066.73, it's highest since June 2022. Markets in Britain and Japan were closed for public holidays.
The dollar index fell 0.07% to 105.10, leaving the euro up 0.07% at $1.0766. Goldman Sachs raised its 2024 EPS growth forecast for STOXX 600 companies to 6% from 3% earlier, the bank said in a note on Friday.
According to Goldman, a 10% annual rise in Brent prices adds about 2.5 percentage points to annual EPS growth, and a 10% weaker euro/dollar exchange rate adds about the same.
Treasury yields ticked lower as investors assessed last week's subdued job creation, which reinforced view that the U.S. economy was not overheating enough to derail a rate cut.
The yield on benchmark U.S. 10-year notes fell 1.3 basis points to 4.487%, from 4.5% late on Friday.
Traders are now pricing in 43 basis points of Fed rate cuts by year end, with the first cut possibly in September, according to LSEG's rate probability app. In recent weeks, traders had priced in just one cut due to signs of sticky inflation.
Oil prices rose after Saudi Arabia hiked June crude prices for most regions and as the prospect of a quick agreement for a Gaza ceasefire deal appeared slim, reviving fears that combat between Hamas and Israeli forces will resume soon.
U.S. crude settled up 37 cents at $78.48 a barrel and Brent rose 37 cents to settle at $83.33 per barrel.[O/R]
MSCI's broadest index of Asia-Pacific shares outside Japan peaked at its highest level since February 2023 and closed 0.66% higher, while China's blue-chip index ended up 1.5%.
Hong Kong's Hang Seng Index rose 4.7% last week and on Friday clocked its longest daily winning streak since 2018, closing 0.55% higher on Monday.
INTERVENTION WATCH
Elsewhere, traders remained on alert for further volatility in the yen, after last week's bouts of suspected intervention from Japanese authorities to stop a sharp slide in the currency.
Tokyo is believed to have spent more than 9 trillion yen($59 billion) to support its currency last week, as suggested by data from Bank of Japan, taking the yen from a 34-year low of 160.245 per dollar to a roughly one-month high of 151.86 over the span of a week.
The yen gave back some of those gains on Monday and was last 0.63% lower at 153.95 per dollar.
Gold prices climbed as the dollar weakened. U.S. gold futures for June delivery settled 0.9% higher at $2,331.20 per ounce.
Bitcoin gained 0.65% at $63,343.00 and ethereum declined 1.2% at $3,077.3.
(Reporting by Herbert Lash, additional reporting by Nell Mackenzie, Rae Wee and Roshan Abraham; Editing by Ed Osmond, Toby Chopra, Nick Macfie and Jonathan Oatis)...
- Reddit Posts (Sample): [['u/scottonfire', 'Coinbase Bitcoin balance just shot up to almost 900,000! ', 246, '2024-05-30 01:00', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/', "Last week it was not even 300,000. Anyone got the scoop on what's happening? Must involve the ETF's somehow. ", 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/', '1d3pa2t', [['u/DaveinOakland', 98, '2024-05-30 01:08', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l68wquz/', 'Gemini finally releasing earn funds probably has a lot to do with it.', '1d3pa2t'], ['u/B1ggusDckus', 14, '2024-05-30 01:52', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l693a00/', 'Sorry guys, I need a bigger Yacht.', '1d3pa2t'], ['u/Legitimate-Ad-6385', 13, '2024-05-30 02:06', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l695gv8/', "That's too many. They should put it on sale to reduce inventory", '1d3pa2t'], ['u/Financial_Design_801', 86, '2024-05-30 02:30', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l698xyd/', 'All that matters at any time is 21 million forever', '1d3pa2t'], ['u/SummerVast3384', 25, '2024-05-30 02:37', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l699xro/', 'So… price crash incoming?', '1d3pa2t'], ['u/Free_Entrance_6626', 16, '2024-05-30 03:11', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69eykf/', 'Mount Gox?', '1d3pa2t'], ['u/arandomguy159', 35, '2024-05-30 03:17', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69fp7h/', "Hmmm, it doesnt look like what you say... it's been declining.\n[coinglass](https://www.coinglass.com/Balance)", '1d3pa2t'], ['u/2LostFlamingos', 36, '2024-05-30 03:17', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69frcm/', 'We call these “buying opportunities”', '1d3pa2t'], ['u/Budo00', 11, '2024-05-30 03:25', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69gxpj/', 'Mmmm i love me price crashes. I will buy and buy it.', '1d3pa2t'], ['u/SmoothGoing', 174, '2024-05-30 03:57', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69lgkf/', 'This just tells you how unreliable "balance on exchanges" stat is.', '1d3pa2t'], ['u/Crypto_tipper', 22, '2024-05-30 04:05', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69mpfk/', 'He’s correct. Coinbase was listed as #3 in balance and it almost appears like it was auto corrected to 850k. Source: I look at the CoinGlass data at least once per day', '1d3pa2t'], ['u/bitsteiner', 15, '2024-05-30 04:10', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69nbzr/', 'They are a custodian.', '1d3pa2t'], ['u/The_Realist01', 31, '2024-05-30 04:29', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69q1q1/', 'Not 600k that’s absurd.', '1d3pa2t'], ['u/Successful_Nail_9807', 13, '2024-05-30 04:31', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69qeb0/', 'This actually makes sense given all the ETFs combined equal to almost a million bitcoin', '1d3pa2t'], ['u/Financial_Clue_2534', 21, '2024-05-30 04:36', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69r00j/', 'Mt gov too', '1d3pa2t'], ['u/ideit', 26, '2024-05-30 05:43', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l69zpt9/', "Lol, I once gave a coworker 0.1 btc and told him it'd be worth thousands one day. He sold it for $30 that night.", '1d3pa2t'], ['u/summitcreature', 12, '2024-05-30 05:54', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l6a102i/', "I really benefit from discussions like this. I'm not dismissive", '1d3pa2t'], ['u/AAAdamKK', 13, '2024-05-30 08:30', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l6agh5x/', "I'm fairly certain all but 2 or 3 of the ETFs are using CB as custodian. Blackrock's definitely does and they're now the largest.", '1d3pa2t'], ['u/alineali', 10, '2024-05-30 19:39', 'https://www.reddit.com/r/Bitcoin/comments/1d3pa2t/coinbase_bitcoin_balance_just_shot_up_to_almost/l6cr21j/', 'Actually this tells us how unreliable are any metrics that do not have clear definition and cannot be verified - which is almost everything on Coinglass, Cryptoquant etc.\n\nIt is much better to accept that you od not know something than rely on such "sources".', '1d3pa2t']]], ['u/necessary_dm', 'The next superpower nation will be the one that accumulates the most Bitcoin', 120, '2024-05-30 01:05', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/', 'When nations control the supply of money in a fiat system, they get to choose how that money is used, which historically has been for wars and expansion of influence. However, in a Bitcoin Standard system, the direction of power will be determined by those with the most wealth (i.e. most Bitcoin)\n\nHowever, it would make perfect sense to me that whichever nation accumulates the most Bitcoin before or during the incoming adoption supply shock will have the most wealth to use for expanding their realm of influence. I foresee this rebalancing of superpowers happening once as the Bitcoin Standard is fully implemented, before it ends up getting redistributed through spending.\n\nAfter this rebalancing and the circular economy takes root, Bitcoin will eventually find its way back into the hands of the people, and it will be exponentially more difficult to fund a war when you must draw money from the citizens of the nation. If the citizens do not agree with the intentions of the war, they will refuse to contribute to it.', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/', '1d3peg2', [['u/analogOnly', 51, '2024-05-30 01:14', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l68xn2j/', 'China and the US both hold good amounts of BTC. However, none as much as all the ETFs combined.', '1d3peg2'], ['u/Emeritus8404', 25, '2024-05-30 01:30', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l6901ky/', 'Saylor nation', '1d3peg2'], ['u/Lord_emotabb', 11, '2024-05-30 01:35', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l690vek/', 'dauym, el salvador will be the powerhouse in 2080!', '1d3peg2'], ['u/bearCatBird', 35, '2024-05-30 02:05', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l695bj5/', 'Which the US Gov will liberate from oppressive citizen ownership.', '1d3peg2'], ['u/wealthychef369', 16, '2024-05-30 02:10', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l69621d/', '100% true. \nUS DOJ has seized over 200k bitcoins \nThe anti surveillance state act prohibiting a central bank issued CBDC is a joke. Fractional reserve banking means the usd is already 90% CBDC anyways lmao. \n\nThe first country to figure and release a bitcoin backed CBDC will become very wealthy.', '1d3peg2'], ['u/Dangermiller25', 22, '2024-05-30 02:15', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l696nte/', 'Generally I’d be like no the government wouldn’t do this but they did it with gold.', '1d3peg2'], ['u/Just1_More', 17, '2024-05-30 02:42', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l69aprd/', "To further on this... is there a time in human history governments didn't steal from their people?", '1d3peg2'], ['u/DekiEE', 15, '2024-05-30 02:44', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l69aw4q/', 'They have less BTC than some OGs forgot on their paperwallets. The US seized more than their whole stack on multiple occasions. I think they hold 5-6k of BTC , which should level at around 400M USD. Even if Bitcoin goes 10x, this is a rounding error for global players. The US military complex sneezing will probably cost more than they could afford.', '1d3peg2'], ['u/Turtle2k', 19, '2024-05-30 02:51', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l69bz7s/', 'Superpowers arent nations anymore, they are corporations', '1d3peg2'], ['u/Joeman106', 15, '2024-05-30 02:51', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l69bzvh/', 'Oh yea they just stole from native Americans and black people, way better /s', '1d3peg2'], ['u/Wsemenske', 18, '2024-05-30 03:29', 'https://www.reddit.com/r/Bitcoin/comments/1d3peg2/the_next_superpower_nation_will_be_the_one_that/l69hh4v/', 'Saylor Moon', '1d3peg2']]], ['u/greenmintology04', 'What even is the limit gonna be anymore?', 62, '2024-05-30 02:33', 'https://www.reddit.com/r/queensofleague/comments/1d3r7rt/what_even_is_the_limit_gonna_be_anymore/', 'How long are we gonna use the excuse that the game is free? If they have the audacity to try this, what do you think is the limit gonna be? At this point, a game mode locked behind a paywall is not that far fetched anymore. Or fuck it, they could go full balls to the walls and do a full mobile system, where the next thing we hear is t...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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You are an expert financial analyst. Your primary task is to predict the next 10 days of Bitcoin prices. Analyze the provided news and historical price data to make your forecast.
**Today's Key News:**
['The Department of Justice is advancing a case alleging that two men in Estonia cheated investors in a byzantine cryptocurrency mining operation that generated $575 million, authorities said.\nSergei Potapenko and Ivan Turõgin, both 39, were arrested in Tallinn, Estonia, and charged on an 18-count indictment filed in the Western District of Washington,DOJ said in a statement today. According to the indictment, the duo claimed to offer virtual currency mining rights to customers for a fee, but in reality they were relying on sham invoices, fabricated documents, and a crypto mining capacity of less than 1% of what they told customers. Potapenko and Turõgin, and others who were unnamed in the indictment, spent the money people paid them on real estate properties in Estonia, luxury cars, and lavish gifts, authorities said.\n“The size and scope of the alleged scheme is truly astounding. These defendants capitalized on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme,”said U.S. Attorney Nick Brown of the Western District of Washington in a statement. “They lured investors with false representations and then paid early investors off with money from those who invested later. They tried to hide their ill-gotten gain in Estonian properties, luxury cars, and bank accounts and virtual currency wallets around the world. U.S. and Estonian authorities are working to seize and restrain these assets and take the profit out of these crimes.” TheFBI is also investigating the fraud and actively seeking victimsin the probe.\nStarting in 2013, authorities said Potapenko and Turõgin relied on a network of shell companies, bank accounts, and virtual asset service providers and wallets to funnel fraudulently obtained funds from victims who thought they were buying mining hardware. According to the U.S. Attorney, the duo claimed that its virtual cryptocurrency mining process, the process of verifying and adding transactions on a blockchain ledger, had significant power and capacity. Currency mining power is measured by “hashrate,” which indicates the number of calculations the computer can perform per second. In cloud or remote mining, people can rent so-called hashrate from a mining operation and get a portion of the virtual coins mined.\nPotapenko and Turõgin started a company called HashCoins in Estonia in December 2013 and marketed the firm’s mining equipment for Bitcoin and other digital assets,the indictment states. In reality, HashCoins didn’t manufacture the equipment but was buying, building, and reselling parts manufactured by other companies. By 2014, HashCoins had a flurry of unhappy customers and it struggled to meet requests for refunds and fill new orders, authorities said.\nIn 2015, HashCoins told some clients that their undelivered currency mining equipment would be operated remotely instead of giving actual machines to customers that they paid for. Under the new deal, customers would get rights under mining contracts that would pay them a percentage of profits from the overall operation, known as HashFlare, authorities allege.\nSupposedly, HashFlare allowed customers to buy virtual currency mining capacity that people paid for using credit cards, bank wires, and virtual currency transfers. Potapenko and Turõgin told customers they could access their accounts through the HashFlare website, view their balances, and withdraw or reinvest to buy additional hashrate, authorities said. This generated more than $550 million from customers who wanted in on virtual currency mining. In reality, HashFlare’s mining activity was estimated to be less than 1% of the hashrate it sold to customers for Bitcoin mining and less than 3% of the hashrate sold for mining other coins.\nAnd when people wanted to withdraw their supposed returns on the crypto-mining operations, they were either blocked from withdrawing, or could only take out small amounts, the complaint alleged. Sometimes Potapenko and Turõgin bought virtual currency on the open market and paid it to investors. This made it a Ponzi scheme, the DOJ said.\nThen in 2017, the two created another company, Polybius, which was supposedly a digital bank.\nPolybius raised $25 million in an initial coin offering from outside investors. The bulk of the funds were transferred to accounts Potapenko and Turõgin controlled. They never built a digital bank and have never paid dividends to investors, authorities alleged.\nThe two were arrested in 2022 in Estoniabut weren’t extradited until April 2024, after they appealed the initial decision. The Estonian National Criminal Police’s Oskar Gross, head of the Cybercrime Bureau said: "The sheer volume of this investigation is described by the fact that this is one of the largest fraud cases we\'ve ever had in Estonia."\nThis story was originally featured onFortune.com', '• Stocks tumbled on Thursday, deepening losses racked up earlier in the week.\n• The personal consumption expenditures price index will be published on Friday morning.\n• Shares of Salesforce dragged the Dow lower after it posted its first revenue miss in nearly 20 years.\nUS stocks continued a painful slide lower on Thursday as traders turned their attention to upcoming inflation data that could set the tone for the market as it heads into the summer months.\nNot even a brief hiccup in the data feeds that update the S&P 500 and the Dow Jones Industrial Average could stave off a decline in the session. Around 10:40 a.m. ET, both indexes became stuck on several websites, though individual stock prices continued to update normally.\nThe Dow ultimately finished the day lower by 330 points, marking its third straight daily decline, and a fourth in five sessions. Shares of Salesforce dragged the Dow asthe stock dropped 20%after it reported its first revenue miss in almost 20 years. The S&P 500 dropped about 0.6%.\nThe Bureau of Economic Analysis will publish the personal consumption expenditures price index on Friday, with economists expecting the Federal Reserve\'s favorite inflation reading to show prices ticked up 2.7% year-over-year in April.\nBond yields tumbled after GDP data for the first quarter was revised down and jobless claims edged up, pointing to a mix of factors that could give the Fed the ammunition it needs to start cutting rates at some point this year. The yield on the 10-year Treasury dropped seven basis points to 4.554%.\n"These numbers all point to slower growth and slower inflation. It keeps hopes of a rate cut alive and gives investors relief after yield rates jumped earlier this week," David Russell, Global Head of Market Strategy at\xa0TradeStation.\nYet, economists at Barclays noted that the revision doesn\'t acknowledge more under-the-radar factors that hint at continued strength.\n"As with the advance estimate, we believe that top-line Q1 GDP growth substantially understates underlying growth," the bank said in a note, adding that the Fed will probably focus on metrics like private domestic final purchases, which gauges demand from consumers and businesses.\nHere\'s where US indexes stood at the 4 p.m. closing bell on Thursday:\n• S&P 500:5,235.48, down 0.6%\n• Dow Jones Industrial Average:38,111.48, down 0.9% (330 points)\n• Nasdaq Composite:16,737.08, down 1.1%\nHere\'s what else happened today:\n• There are three signs that the US housing market\'s affordability recession is ending.\n• The stock market rally is running out of steam because earnings growth is being far outpaced by soaring valuations, David Rosenberg said.\n• Big banks are more exposed to commercial real estate debt than many believe, a new paper argues.\nIn commodities, bonds, and crypto:\n• West Texas Intermediatecrude oil slumped 1.6% to $77.95 a barrel.Brent crude, the international benchmark, dropped 02% to $81.98 a barrel.\n• Goldticked lower to $2,362 an ounce.\n• The 10-year Treasury yield dropped seven basis points to 4.554%.\n• Bitcoinrose 1.9% to $68,712.08.\nRead the original article onBusiness Insider', 'Bitcoin (BTC)is facing strong resistance near the $70,000 mark since briefly surpassing it on May 28, and has traded back down to $68,430 as traders braced themselves for a significant macroeconomic data release. Bitcoin\'s price action showed a lack of momentum, grinding against nearby support levels. Recent attempts to hold above $67,000 have underscored the importance of this level for bulls, who have found it difficult to push the price back up to overhead resistance zones.\nPopular trader Skewnotedin a recent market update that after encountering resistance around $72,000, bulls have struggled to maintain momentum above $70,000. Skew also pointed out a "waning momentum," as indicated by relative strength index (RSI) signals, suggesting that any further price dips should find support around $65,000. He added that recent price movements saw sellers taking advantage of bounces, with limited spot bids defending the $67,000 low. "It\'s here if buyers wanna swing price towards $70K," Skew commented.\nAnother trader, Roman, observed declining volume on Bitcoin’s revisits to the lower end of its short-term range. He expressed optimism about the bullish price action (PA) emerging as Bitcoin approached support levels. "Low volume + lower price = a non-confident downtrend," Roman shared with his followers on X. He indicated that he was looking for short-term reversals in this area to initiate long positions.\nThe upcoming U.S. macroeconomic data prints include jobless claims and the first revision of Q1 GDP, both of which have the potential to cause significant volatility in crypto and other risk assets if the results deviate from expectations.', 'Bitcoin (BTC)is facing strong resistance near the $70,000 mark since briefly surpassing it on May 28, and has traded back down to $68,430 as traders braced themselves for a significant macroeconomic data release. Bitcoin\'s price action showed a lack of momentum, grind
**Last 60 Days of Bitcoin's Closing Prices:**
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Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-31
**Financial & Commodity Data:**
- Gold Closing Price: N/A
- Crude Oil Closing Price: N/A
**Bitcoin Market & On-Chain Metrics:**
- Market Capitalization: $1,348,241,900,906
- Hash Rate: 620804532.1552316
- Transaction Count: 701471.0
- Unique Addresses: 528690.0
**Social & AI Sentiment:**
- Fear & Greed Index: 0.73
**Other Textual Data:**
- Daily Tweets (Sample): N/A
- Contextual Past News Article: • DOGE's weekly price averages appear on track to confirm a bullish golden cross.
• The previous golden cross, seen in early January 2021, presaged an 8,000% price surge.
Dogecoin {{DOGE}}, the world's largest meme cryptocurrency by market value, seems headed toward a repeat of the bullish "golden cross" technical pattern that presaged the early 2021 surge.
DOGE, which has a market cap of about $22 billion, has demonstrated remarkable performance this year, with a price surge of over 70% and significantly outpacing the near 50% increase in bitcoin {{BTC}}, the largest cryptocurrency, according toCoinDesk data.
The 50-week simple moving average (SMA) of the meme token's spot price is now trending north and looks set to cross above the 200-week SMA in the upcoming weeks, confirming a golden cross. In other words, near-term price momentum could soon outperform long-term momentum, potentially evolving into a prolonged bullish trend.
Momentum traders frequently use moving-average crossovers as a part of a structured approach to identifying entry and exit points in the market.
The DOGE price topped its 200-week SMA in March, breaking out of a prolonged sideways consolidation, and has since established a foothold above the critical average.
The impending golden cross would be the first in over three years. The previous one, seen in early January 2021, presaged a four-month rally that saw prices surge over 8,000% to a record 76 cents on Binance.
That said, past data does not promise future results. And that's particularly true in the case of moving average crossovers, which tend to lag prices and have been known to trap traders on the wrong side in traditional markets.
Besides, meme coins like DOGE lack real-world use cases and are mainly driven by speculation, which makes them more sensitive to fiat liquidity conditions and global interest-rate expectations.
During DOGE's early 2021 run, interest rates were near or below zero worldwide, which catalyzed unprecedented risk-taking across all corners of the financial market. That's not the case any more, with rates in the U.S., the world's largest economy, at multiyear highs above 5%.
Read:Is It Late 2020 All Over Again for Dogecoin?
CORRECTION (08:52 UTC):Corrects third paragraph to say that the 50-week SMA looks set to cross above the 200-week SMA, not 200-day SMA....
- Reddit Posts (Sample): [['u/TheGDC33', 'The Perfect time for the perfect coin - $KENDU\n', 98, '2024-05-31 00:42', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/', 'If you want to achieve huge gains in this bull run/cycle you have to find a coin that has huge potential, impressive alpha, a massive community backing it (one that is WORKING), and a bit of luck. Lucky for you I am going to share my take on why KENDU is the one and this is still the perfect time (NFA and DYOR).\xa0\n\n**Price:** We in the KENDU community have weathered these storms before and the price is an amazing entry right now. We will surpass this hiccup and move forward stronger with a greater holder count and a greater number of holders who see the vision and long term gains. These new holders will hold way way longer than your average SOLANA rug pull jeet. (believe it or not ETH fees do help with this concept IMHO).\n\n**DISCLAIMER:** this is a play for those who have diamond hands, ready to help shape their financial future, and can ride out the ups and downs without ego and emotion.\n\n**Decennial Pattern:**\n\nCheck out this graph/chart:\n\n[CREDIT: This visual is readily available on the internet, but I got it from a talk Bruce Fraser did on a stream I watch. He is an OG Wycoff TA LEGEND. Upon a quick search I am not sure who the original author actually is, but wanted to give credit and am only sharing because it is readily available.](https://preview.redd.it/p4tn1thn5n3d1.png?width=2400&format=png&auto=webp&s=d64254ecc08bdc3e47f340c9265dfe5dea88c582)\n\nSo what you are looking at is the decennial pattern that has been averaged out over the period from 1897 - 2020. The idea is that someone poured over the data of the Dow Jones (defined as: a stock market index that tracks 30 large companies on the New York Stock Exchange) over a 10 year cycle to average out performance. According to the above graph, every 5th year has averaged out to be the year with the highest gains for big companies in the Dow Jones (Apple, McDonald’s, Nike, Microsoft, Goldman Sachs, Amazon, Etc). In its inception in 1896, the Dow only had 12 companies including: U.S. Rubber, U.S. Leather, Chicago Gas, American Tobacco, etc. From what I see the gains are massively larger in the fifth year and we happen to be very close to stepping into the fifth year with 2025 approaching fast. We are also past the halving which bodes very well for BTC and crypto in general.\xa0 The graph represents over 12 cycles of data to pull from across countless eras in history. Human behavior might just be the only constant in that long of a period of time, but will you be able to shed your ego and emotions? Wouldn’t it be crazy to see BTC one day be a part of the Dow in some way…\n\nThe only question that remains to be answered is does this decennial pattern prove true for all stocks, securities, assets, crypto? I can’t answer that for you or even myself, but in my experience ‘a rising tide does raise all ships’. I know the importance the halving presents and the gains that have always occurred after (proven by three cycles where the pattern played out with large gains), but the correlation is not cemented in stone. I do believe though this could set us up for a perfect storm of greatness and I am banking on the lead up and following year to be massive. KENDU has been deployed no doubt at the perfect time deliberately to allow a large runway to build out this project to be massive.\xa0\n\n--> Check the u/KenduInu_Ecosystem reddit or Kendu Miazaki on X for price goals\n\nI believe BTC will rip this cycle, BUT BTC is not going to hit the same exponential gains that a newly popular memecoin project, with a massive hard working community, and an experienced Dev and Loyalist team that are deeply connected in the crypto world will. This could be the chance to skyrocket your finances in a massive way if you can afford to take the plunge. Take one last look at the chart and look at the 2nd year part....huge correlation with BTC and crypto bear market bottom....I believe other correlations exist.\n\n**FINAL Thought:**\n\nIn closing, if you have diamond hands, want life changing gains that only memecoins (in this case a memecoin project) can offer, and are ready to work for your bag WE WANT you in the KENDU army. People will come and go and bots will buy and sell KENDU for short term gains and even losses, but what matters is to keep increasing KENDU’s holder numbers. The ones with vision and long term financial goals for the entirety of this bull run. Come join the army, you have been informed! \n\n\n**P.S. Does this count as one of my: “The Case for KENDU Info Journals” series?**\n\n', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/', '1d4gi8d', [['u/King_K_24', 29, '2024-05-31 00:47', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6e6nvs/', "We don't gamble. We work!\n\nhttps://preview.redd.it/9q29scwf7n3d1.jpeg?width=946&format=pjpg&auto=webp&s=75392a9e0025ed67409dbac0c81de47e5ca99642", '1d4gi8d'], ['u/CHARLIEFORTHEBOYS', 21, '2024-05-31 00:56', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6e817c/', 'Right time. Right place. Right dev. Right community. Right MEMEs. \n\nhttps://preview.redd.it/a8bomwmy8n3d1.png?width=844&format=png&auto=webp&s=58e3e0ea61267fcc2d82f402f3843c7375558f24', '1d4gi8d'], ['u/Low_Garlic_8764', 15, '2024-05-31 00:56', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6e81aa/', '$KENDU settle for nothing less than the best.', '1d4gi8d'], ['u/RetardedGenji', 16, '2024-05-31 00:58', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6e8fve/', '$KENDU is all you need this cycle', '1d4gi8d'], ['u/TheGDC33', 15, '2024-05-31 00:58', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6e8fzv/', 'Apparently the graph did end up in the post...sorry for the scroll. give it a good read if on the fence!', '1d4gi8d'], ['u/Gullible_Touch2735', 12, '2024-05-31 01:07', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6e9rjo/', "Everyone get your martinis ready. We're about to send", '1d4gi8d'], ['u/HamsterDunce', 13, '2024-05-31 01:14', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6eavye/', 'Nice write up. Everyone is waiting for BTC to rip. But honestly now should be the easy part of “diamond handing.” Once things get crazy and you start seeing the value of your bags fluctuate by 4, 5, 6, or even 7 figures in the span of minutes… well that is when you need your helmet firmly on. Best to start preparing yourself psychologically for it now chads and chadetts.', '1d4gi8d'], ['u/TheGDC33', 12, '2024-05-31 01:51', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6eglh9/', "I hope someone gave you a detailed answer, but my theory would be that we have a lot of SHIB OGs in the project with our Dev being one of them and they want to harken back to the old days of memecoins and projects they are familiar with...? I have no idea for real and don't know much about the Base network", '1d4gi8d'], ['u/Low_Garlic_8764', 12, '2024-05-31 02:43', 'https://www.reddit.com/r/KenduInu_Ecosystem/comments/1d4gi8d/the_perfect_time_for_the_perfect_coin_kendu/l6eof07/', 'Excellent choice in $KENDU.', '1d4gi8d']]], ['u/No-Neighborhood-3406', 'Two years later, I am officially a half-coiner. ', 85, '2024-05-31 03:02', 'https://www.reddit.com/r/Bitcoin/comments/1d4jf8p/two_years_later_i_am_officially_a_halfcoiner/', 'Hello everyone,\n\nI am 23 years old and have finally reached 0.5 btc. \n\nI know to many on this subreddit that isn’t much but for me this is a huge accomplishment. \n\nPatting myself on the back, grabbing a beer, and then back to grinding and accumulating more of the orange coin.\n\nHope to be a full coiner within the next couple of years :) ', 'https://www.reddit.com/r/Bitcoin/comments/1d4jf8p/two_years_later_i_am_officially_a_halfcoiner/', '1d4jf8p', [['u/MousseSecret7113', 13, '2024-05-31 03:05', 'https://www.reddit.com/r/Bitcoin/comments/1d4jf8p/two_years_later_i_am_officially_a_halfcoiner/l6eruhk/', 'Congratulations! \n\nHodl and continue to accumulate, you are doing very well for your age.', '1d4jf8p'], ['u/Boring-Bus-3743', 11, '2024-05-31 03:23', 'https://www.reddit.com/r/Bitcoin/comments/1d4jf8p/two_years_later_i_am_officially_a_halfcoiner/l6eufgx/', 'I dont think a half coin is a small amount for most on this sub. I honestly doubt 75% of people on here have over .25. Congratulations on the mile stone next stop 2.1!', '1d4jf8p']]], ['u/AutoModerator', '[Daily Discussion] - Friday, May 31, 2024', 26, '2024-05-31 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1d4mpms/daily_discussion_friday_may_31_2024/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-...
Based on the news and historical prices provided in the instruction and this contextual data, predict the next 10 days of Bitcoin's closing price.
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