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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:**
[65491.39, 63778.76, 64062.20, 67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37]
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: $2433.90
- Crude Oil Closing Price: $79.80
**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: Stocks rallied into the close to end the last trading day of the month, capping a fruitful first quarter of 2024 with a fresh record high for the S&P 500.
The S&P 500 (^GSPC) and the blue-chip Dow Jones Industrial Average (^DJI) rose more than 0.1% on Thursday. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) slipped about 0.1% on the day. Zooming out, though, all three major averages have now risen for five straight months.
With markets closed for the Good Friday holiday, Thursday marks the final trading session of the quarter. It's been a banner one for Wall Street: The S&P 500's more than 10% return to start the year marks its best first quarter performance since 2019.
What largely started as a megacap-driven rally hasshown signs of broadening. Wall Street firms almost can't keep pace with the S&P's surge andhave continued to move up their year-end price targets. And historysuggests the momentum could continue.
A final reading on fourth quarter GDP released on Thursday morning showed the US economy grew at a rate of 3.4% versus a prior estimate of 3.2%. On the employment front, initial jobless claims for last week came in at 210,000, versus estimates for 212,000.
Though Wall Street is closed Friday, investors will be watching for the main data event of the week: the Personal Consumption Expenditures (PCE) price index, which contains the Federal Reserve's preferred "core" PCE inflation measure.
• Thu, March 28, 2024 at 8:03 PM UTCJosh SchaferS&P 500 has best first quarter since 2019With markets closed for the Good Friday holiday, Thursday marks the final trading session of the quarter. It's been a banner one for Wall Street, with all three major averages rising for five straight months. The S&P 500's more than 10% return to start the year marks its best first quarter performance since 2019.What largely started as a megacap-driven rally hasshown signs of broadening. Wall Street firms almost can't keep pace with the S&P's surge andhave continued to move up their year-end price targets. And historysuggests the momentum could continue.
• Thu, March 28, 2024 at 7:21 PM UTCJosh SchaferMarket sentiment hits 'euphoria'The S&P 500 (^GSPC) is closing out its best start to the year since 2019, and some indicators are flashing that investor sentiment may be too bullish.In a research note on Thursday, Citi's equity strategy team noted the Levkovich Index, which uses 11 different inputs to measure investor sentiment, has entered "euphoria" for the first time during this bull market run.Citi US equity strategist Scott Chronert wrote in a note to clients that the index triggered euphoria after increases in margin debt and short activity in markets, among other factors, pushed the reading higher. Typically, this trigger aligns with a lower probability above historical average returns, per Chronert. But he warned the index was "not designed to be a short-term timing tool."A catalyst may still be needed to slow gains," Chronert wrote. "Exhaustion may not be enough."Chronert told Yahoo Finance that the index is showing sentiment has become far more constructive over recent months amid the rally, and a period of "digestion" for markets could be expected soon."You have to acknowledge that you're kind of chasing sentiment," Chronert said. "There is a clear FOMO, fear of missing out, dynamic going on, that we've seen in the flows data. And we're just trying to be a little bit more balanced in how aggressive to be right now."He added: "It doesn't mean the big story is over. It just means that you have to respect that it does take some time from the fundamentals to grow into the price action."
• Thu, March 28, 2024 at 7:05 PM UTCDani RomeroRH shares soar after forecasts top expectationsRH (RH) stock rallied as much as 17% after the company's forecast impressed investors, despite its fourth quarter earnings coming in shy of expectations.RH expects revenue growth "north of 8%-10%" in 2024 after a 15% drop in 2023. The companysaid in a letter to shareholdersthat demand growth is expected to rise 12%-14% this year.In its fourth quarter, the luxury retailer reported revenue of $738.3 million, which fell shy of estimates for $777.4 million. Margins also fell as the company was anticipating demand to recover. Operating margin landed at 8.7% in the quarter, and adjusted earnings per share slipped to $0.72, which was below expectations for $1.67 per share."We think RH's FY'24 rev guide is better than expected and demand trends are above," Curtis Nagle, analyst at Bank of America, wrote in a note to clients following the results. Nagle raised his price target to $375 from $360 and maintained a Buy rating on the stock.•USD(RH)FollowView Quote Details"As the market continues to seek opportunities to express a constructive view on a potential housing recovery in the U.S., RH’s better-than-expected top-line outlook in [fiscal year 2024] likely helped overshadow the retailer's [fourth-quarter] revenues and margins being below its guidance and consensus expectations," UBS analyst Michael Lasser wrote in a note to clients.The retailer has been in the process of revamping itself as consumers face higher interest rates and have weaker appetite for housing-related spending."We have spent the past eighteen months destroying the former version of ourself and are in the process of unleashing what we believe is an exponentially more inspiring and disruptive RH brand, inclusive of the most prolific product transformation and platform expansion in the history of our industry," wrote RH CEO Gary Friedman.
• Thu, March 28, 2024 at 6:31 PM UTCJosh SchaferMortgage rates hover near 7%Mortgage rates dipped slightly this week but remain close to 7%.Yahoo Finance's Rebecca Chen reports:The average rate for 30-year mortgages remained below the 7% mark but not by much, settling at 6.91% on Thursday,according to Mortgage News Daily.Another measurement tracking weekly average rates for the 30-year loan inched down to 6.79% from 6.87% a week prior,according to Freddie Mac.But homebuyers largely dismissed this week’s minor drop as they wait for the Federal Reserve to cut rates, a good possibility at the central bank’sJune meeting. Not only would financing be cheaper, but more sellers could be prompted to list their homes — a dual benefit for those who have been sidelined by affordability challenges.“Purchase applications were essentially unchanged, as homebuyers continue to hold out for lower mortgage rates and for more listings to hit the market,” said Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association.
• Thu, March 28, 2024 at 5:26 PM UTCJosh SchaferAmericans are more confident inflation is on the declineConsumers are feeling increasingly confident that inflation will continue falling.On Thursday, the latest University of Michigan survey showed consumers expect inflation to fall to 2.9% in the next year, down from expectations of 3% seen during February. Expectations for long-run inflation were 2.8%, down from the 2.9% seen a month prior.The one-year inflation projections are in a range seen in 2018 and 2019, before the fallout from the pandemic in 2020 sent inflation to a 40-year high."Consumers exhibited confidence that inflation will continue to soften," Survey of Consumers director Joanne Hsusaid in a release.The data comes as the overall picture for price declineshas become murkierto start 2024. Both the January and Februaryreadings of the Consumer Price Index(CPI) came in higher than economists expected. This hassparked worries on Wall Street that inflation's decline could be bumpier than anticipated.Last week, Federal Reserve Chair Jerome Powellnotedthe central bank wants "greater confidence" in inflation's decline before cutting interest rates.But Powell added, “[The January and February inflation readings] haven't really changed the overall story, which is that of inflation moving down gradually on a sometimes-bumpy road toward 2%. I don't think that story has changed."The next reading on inflationwill come Friday morningwith the release of the Personal Consumption Expenditures (PCE) index for February. Economists expect the Fed's preferred inflation gauge, core PCE — which strips out the volatile food and energy categories — increased 2.8% year over year in February. A print in line with expectations would leave annualcore inflation unchanged from January's reading.On a month-to-month basis, expectations are for core prices to have increased 0.3%, which Powell noted isn't "terribly high."
• Thu, March 28, 2024 at 4:30 PM UTCInes FerréTrending tickers on ThursdayNikola (NKLA)Nikola shares soared on Thursday after the maker of trucks powered by battery and hydrogen fuel cells unveiled plans for the first commercial hydrogen fueling station in Alberta, Canada."This initiative will look to propel Western Canada towards a cleaner, hydrogen-driven transportation sector," said Ole Hoefelmann, Nikola's president of Energy.The company and its partners plan to build a network of refueling stations to support Nikola's hydrogen-fueled heavy trucks.•USD(NKLA)FollowView Quote DetailsRH (RH)Shares of RH — formerly Restoration Hardware — jumped 16% after the high-end home furnishing retailer posted a fourth quarter net income of $11.4 million. The company said it faced the "most challenging housing market in 3 decades."RH expects business conditions to remain challenging until interest rates ease and the housing market begins to rebound. The company anticipates customer demand will pick up throughout fiscal 2024.•USD(RH)FollowView Quote DetailsWalgreens Boots Alliance (WBA)Walgreens stock popped more than 1% on Thursday after the pharmacy chain posted $37.05 billion in revenue for its fiscal second quarter, beating expectations of $35.86 billion.The company also reported a net loss of $6 billion due to the decline in the value of its investment in VillageMD. Citing a challenging retail environment, Walgreens narrowed its 2024 earnings ou...
- 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.
|
70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99
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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:**
[65491.39, 63778.76, 64062.20, 67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37]
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: $2433.90
- Crude Oil Closing Price: $79.80
**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: Stocks rallied into the close to end the last trading day of the month, capping a fruitful first quarter of 2024 with a fresh record high for the S&P 500.
The S&P 500 (^GSPC) and the blue-chip Dow Jones Industrial Average (^DJI) rose more than 0.1% on Thursday. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) slipped about 0.1% on the day. Zooming out, though, all three major averages have now risen for five straight months.
With markets closed for the Good Friday holiday, Thursday marks the final trading session of the quarter. It's been a banner one for Wall Street: The S&P 500's more than 10% return to start the year marks its best first quarter performance since 2019.
What largely started as a megacap-driven rally hasshown signs of broadening. Wall Street firms almost can't keep pace with the S&P's surge andhave continued to move up their year-end price targets. And historysuggests the momentum could continue.
A final reading on fourth quarter GDP released on Thursday morning showed the US economy grew at a rate of 3.4% versus a prior estimate of 3.2%. On the employment front, initial jobless claims for last week came in at 210,000, versus estimates for 212,000.
Though Wall Street is closed Friday, investors will be watching for the main data event of the week: the Personal Consumption Expenditures (PCE) price index, which contains the Federal Reserve's preferred "core" PCE inflation measure.
• Thu, March 28, 2024 at 8:03 PM UTCJosh SchaferS&P 500 has best first quarter since 2019With markets closed for the Good Friday holiday, Thursday marks the final trading session of the quarter. It's been a banner one for Wall Street, with all three major averages rising for five straight months. The S&P 500's more than 10% return to start the year marks its best first quarter performance since 2019.What largely started as a megacap-driven rally hasshown signs of broadening. Wall Street firms almost can't keep pace with the S&P's surge andhave continued to move up their year-end price targets. And historysuggests the momentum could continue.
• Thu, March 28, 2024 at 7:21 PM UTCJosh SchaferMarket sentiment hits 'euphoria'The S&P 500 (^GSPC) is closing out its best start to the year since 2019, and some indicators are flashing that investor sentiment may be too bullish.In a research note on Thursday, Citi's equity strategy team noted the Levkovich Index, which uses 11 different inputs to measure investor sentiment, has entered "euphoria" for the first time during this bull market run.Citi US equity strategist Scott Chronert wrote in a note to clients that the index triggered euphoria after increases in margin debt and short activity in markets, among other factors, pushed the reading higher. Typically, this trigger aligns with a lower probability above historical average returns, per Chronert. But he warned the index was "not designed to be a short-term timing tool."A catalyst may still be needed to slow gains," Chronert wrote. "Exhaustion may not be enough."Chronert told Yahoo Finance that the index is showing sentiment has become far more constructive over recent months amid the rally, and a period of "digestion" for markets could be expected soon."You have to acknowledge that you're kind of chasing sentiment," Chronert said. "There is a clear FOMO, fear of missing out, dynamic going on, that we've seen in the flows data. And we're just trying to be a little bit more balanced in how aggressive to be right now."He added: "It doesn't mean the big story is over. It just means that you have to respect that it does take some time from the fundamentals to grow into the price action."
• Thu, March 28, 2024 at 7:05 PM UTCDani RomeroRH shares soar after forecasts top expectationsRH (RH) stock rallied as much as 17% after the company's forecast impressed investors, despite its fourth quarter earnings coming in shy of expectations.RH expects revenue growth "north of 8%-10%" in 2024 after a 15% drop in 2023. The companysaid in a letter to shareholdersthat demand growth is expected to rise 12%-14% this year.In its fourth quarter, the luxury retailer reported revenue of $738.3 million, which fell shy of estimates for $777.4 million. Margins also fell as the company was anticipating demand to recover. Operating margin landed at 8.7% in the quarter, and adjusted earnings per share slipped to $0.72, which was below expectations for $1.67 per share."We think RH's FY'24 rev guide is better than expected and demand trends are above," Curtis Nagle, analyst at Bank of America, wrote in a note to clients following the results. Nagle raised his price target to $375 from $360 and maintained a Buy rating on the stock.•USD(RH)FollowView Quote Details"As the market continues to seek opportunities to express a constructive view on a potential housing recovery in the U.S., RH’s better-than-expected top-line outlook in [fiscal year 2024] likely helped overshadow the retailer's [fourth-quarter] revenues and margins being below its guidance and consensus expectations," UBS analyst Michael Lasser wrote in a note to clients.The retailer has been in the process of revamping itself as consumers face higher interest rates and have weaker appetite for housing-related spending."We have spent the past eighteen months destroying the former version of ourself and are in the process of unleashing what we believe is an exponentially more inspiring and disruptive RH brand, inclusive of the most prolific product transformation and platform expansion in the history of our industry," wrote RH CEO Gary Friedman.
• Thu, March 28, 2024 at 6:31 PM UTCJosh SchaferMortgage rates hover near 7%Mortgage rates dipped slightly this week but remain close to 7%.Yahoo Finance's Rebecca Chen reports:The average rate for 30-year mortgages remained below the 7% mark but not by much, settling at 6.91% on Thursday,according to Mortgage News Daily.Another measurement tracking weekly average rates for the 30-year loan inched down to 6.79% from 6.87% a week prior,according to Freddie Mac.But homebuyers largely dismissed this week’s minor drop as they wait for the Federal Reserve to cut rates, a good possibility at the central bank’sJune meeting. Not only would financing be cheaper, but more sellers could be prompted to list their homes — a dual benefit for those who have been sidelined by affordability challenges.“Purchase applications were essentially unchanged, as homebuyers continue to hold out for lower mortgage rates and for more listings to hit the market,” said Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association.
• Thu, March 28, 2024 at 5:26 PM UTCJosh SchaferAmericans are more confident inflation is on the declineConsumers are feeling increasingly confident that inflation will continue falling.On Thursday, the latest University of Michigan survey showed consumers expect inflation to fall to 2.9% in the next year, down from expectations of 3% seen during February. Expectations for long-run inflation were 2.8%, down from the 2.9% seen a month prior.The one-year inflation projections are in a range seen in 2018 and 2019, before the fallout from the pandemic in 2020 sent inflation to a 40-year high."Consumers exhibited confidence that inflation will continue to soften," Survey of Consumers director Joanne Hsusaid in a release.The data comes as the overall picture for price declineshas become murkierto start 2024. Both the January and Februaryreadings of the Consumer Price Index(CPI) came in higher than economists expected. This hassparked worries on Wall Street that inflation's decline could be bumpier than anticipated.Last week, Federal Reserve Chair Jerome Powellnotedthe central bank wants "greater confidence" in inflation's decline before cutting interest rates.But Powell added, “[The January and February inflation readings] haven't really changed the overall story, which is that of inflation moving down gradually on a sometimes-bumpy road toward 2%. I don't think that story has changed."The next reading on inflationwill come Friday morningwith the release of the Personal Consumption Expenditures (PCE) index for February. Economists expect the Fed's preferred inflation gauge, core PCE — which strips out the volatile food and energy categories — increased 2.8% year over year in February. A print in line with expectations would leave annualcore inflation unchanged from January's reading.On a month-to-month basis, expectations are for core prices to have increased 0.3%, which Powell noted isn't "terribly high."
• Thu, March 28, 2024 at 4:30 PM UTCInes FerréTrending tickers on ThursdayNikola (NKLA)Nikola shares soared on Thursday after the maker of trucks powered by battery and hydrogen fuel cells unveiled plans for the first commercial hydrogen fueling station in Alberta, Canada."This initiative will look to propel Western Canada towards a cleaner, hydrogen-driven transportation sector," said Ole Hoefelmann, Nikola's president of Energy.The company and its partners plan to build a network of refueling stations to support Nikola's hydrogen-fueled heavy trucks.•USD(NKLA)FollowView Quote DetailsRH (RH)Shares of RH — formerly Restoration Hardware — jumped 16% after the high-end home furnishing retailer posted a fourth quarter net income of $11.4 million. The company said it faced the "most challenging housing market in 3 decades."RH expects business conditions to remain challenging until interest rates ease and the housing market begins to rebound. The company anticipates customer demand will pick up throughout fiscal 2024.•USD(RH)FollowView Quote DetailsWalgreens Boots Alliance (WBA)Walgreens stock popped more than 1% on Thursday after the pharmacy chain posted $37.05 billion in revenue for its fiscal second quarter, beating expectations of $35.86 billion.The company also reported a net loss of $6 billion due to the decline in the value of its investment in VillageMD. Citing a challenging retail environment, Walgreens narrowed its 2024 earnings ou...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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 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:**
[63778.76, 64062.20, 67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20]
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: $2421.70
- Crude Oil Closing Price: $79.26
**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: • Stocks accelerated their rebound after suffering heavy losses last week.
• Investors are turning their attention to mega-cap earnings, hoping for a new rally catalyst.
• Tesla is slated to report after Tuesday's closing bell, followed by Meta on Wednesday.
This week's equity comeback accelerated on Tuesday, as investors ready themselves for a number of major earnings reports.
Although dashed rate-cut outlooks pummeled markets last week, attention has now shifted to the upcoming reports of high-profile companies.Teslais slated to publish after Tuesday's closing bell, with many onWall Street having misgivingsabout its performance, given its massive stock slide and first-quarter delivery disappointment.
Meta, Alphabet and Microsoft will follow later in the week. If earnings exceed expectations, investors are hoping to jump-start another rally, with the stock market's 10% year-to-date gain through the end of March now cut by more than half.
Through Tuesday, around 20% of S&P 500 firms have reported earnings, with a majority beating expectations, FactSet data shows.
Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:
• S&P 500: 5,070.54, up 1.2%
• Dow Jones Industrial Average: 38,503.95, up 0.69% (+263.71 points)
• Nasdaq Composite: 15,696.64, up 1.59%
Here's what else is going on:
• Gold couldhit $3,000 as China's central bank keeps up its buying spree, economist David Rosenberg said.
• A 72% decline in Cathie Woods' ARK fund isaccelerating an investor exit.
• Some retail investors got in on Nvidia early. Here's how they'respending their massive profits.
• Markets should ready for asteep decline and a debt-led financial crisis, Leon Cooperman warns.
• The US considers cutting off Chinese banks from financial marketsamid worrying trade with Russia.
In commodities, bonds, and crypto:
• West Texas Intermediatecrude oil jumped by 21.7% to $83.32 a barrel.Brent crude, the international benchmark, gained 1.62% to 88.41 a barrel.
• Goldslid by 0.44% to $2,321.65 an ounce.
• The 10-year Treasury yield fell nearly two basis points to 4.605%.
• Bitcoinslid by 0.3% to $66,577.
Read the original article onBusiness Insider...
- 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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69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99
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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 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:**
[63778.76, 64062.20, 67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-21
**Financial & Commodity Data:**
- Gold Closing Price: $2421.70
- Crude Oil Closing Price: $79.26
**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: • Stocks accelerated their rebound after suffering heavy losses last week.
• Investors are turning their attention to mega-cap earnings, hoping for a new rally catalyst.
• Tesla is slated to report after Tuesday's closing bell, followed by Meta on Wednesday.
This week's equity comeback accelerated on Tuesday, as investors ready themselves for a number of major earnings reports.
Although dashed rate-cut outlooks pummeled markets last week, attention has now shifted to the upcoming reports of high-profile companies.Teslais slated to publish after Tuesday's closing bell, with many onWall Street having misgivingsabout its performance, given its massive stock slide and first-quarter delivery disappointment.
Meta, Alphabet and Microsoft will follow later in the week. If earnings exceed expectations, investors are hoping to jump-start another rally, with the stock market's 10% year-to-date gain through the end of March now cut by more than half.
Through Tuesday, around 20% of S&P 500 firms have reported earnings, with a majority beating expectations, FactSet data shows.
Here's where US indexes stood at the 4:00 p.m. closing bell on Tuesday:
• S&P 500: 5,070.54, up 1.2%
• Dow Jones Industrial Average: 38,503.95, up 0.69% (+263.71 points)
• Nasdaq Composite: 15,696.64, up 1.59%
Here's what else is going on:
• Gold couldhit $3,000 as China's central bank keeps up its buying spree, economist David Rosenberg said.
• A 72% decline in Cathie Woods' ARK fund isaccelerating an investor exit.
• Some retail investors got in on Nvidia early. Here's how they'respending their massive profits.
• Markets should ready for asteep decline and a debt-led financial crisis, Leon Cooperman warns.
• The US considers cutting off Chinese banks from financial marketsamid worrying trade with Russia.
In commodities, bonds, and crypto:
• West Texas Intermediatecrude oil jumped by 21.7% to $83.32 a barrel.Brent crude, the international benchmark, gained 1.62% to 88.41 a barrel.
• Goldslid by 0.44% to $2,321.65 an ounce.
• The 10-year Treasury yield fell nearly two basis points to 4.605%.
• Bitcoinslid by 0.3% to $66,577.
Read the original article onBusiness Insider...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[64062.20, 67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-22
**Financial & Commodity Data:**
- Gold Closing Price: $2389.20
- Crude Oil Closing Price: $77.57
**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: By Nate Raymond
(Reuters) - An early investor in bitcoins dubbed the "Bitcoin Jesus" has been arrested in Spain on U.S. charges that he evaded paying at least $48 million in taxes, the U.S. Department of Justice said on Tuesday.
Roger Ver, 45, was charged with mail fraud and tax evasion in an indictment filed in federal court in Los Angeles that was unsealed following his arrest in Spain during the weekend, the department said.
The U.S. Supreme Court last year dismissed an unnamed law firm's appeal over court orders holding it in contempt of a grand jury subpoena because it had not released records related to a client matching Ver's description.
Bryan Skarlatos, a lawyer for Ver, said in a statement he was "very disappointed and surprised" by Ver's arrest while traveling in Spain.
"Mr. Ver relied on leading tax professionals to help him report his Bitcoin and he always intended to fully comply with his U.S. tax obligations," Skarlatos said. "We look forward to establishing his innocence in court, if necessary."
Ver, who for a time served as the chief executive of the digital wallet developer Bitcoin.com, began acquiring bitcoins in 2011 and actively promoted the cryptocurrency, earning him the name "Bitcoin Jesus."
In 2014, Ver renounced his U.S. citizenship after becoming a citizen of St. Kitts and Nevis, which prosecutors said had tax consequences for him.
Specifically, when someone gives up their citizenship, their property is treated as having been sold for its fair market value the day before they renounced their citizenship in a "constructive sale."
Under federal tax law, any gain arising from that "constructive sale" must be accounted for in that tax year.
The day he became a St. Kitts and Nevis citizen, Ver and two companies he owned, MemoryDealers.com and Agilestar.com, held about 131,000 bitcoins that at the time each traded for about $871, valuing them at more than $114 million.
Prosecutors said Ver hired a law firm to help him prepare his expatriation-related tax returns and an appraisal to value his companies, but provided them false or misleading information about how much of the cryptocurrency they in fact owned.
The Justice Department said that as a result, the law firm prepared and filed tax returns that undervalued the two companies and their bitcoins and did not report any owned personally by Ver.
Ver later took possession of the 70,000 bitcoins the two companies owned and sold them for about $240 million in 2017, the indictment said. But prosecutors said he failed to pay taxes he owed on distributions from those two U.S. companies.
The indictment alleged that in total, the Internal Revenue Service was deprived of $48 million in taxes from 2014 to 2017.
The Justice Department has said it plans to seek Ver's extradition.
(Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi and Josie Kao)...
- 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.
|
67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99
|
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:**
[64062.20, 67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-22
**Financial & Commodity Data:**
- Gold Closing Price: $2389.20
- Crude Oil Closing Price: $77.57
**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: By Nate Raymond
(Reuters) - An early investor in bitcoins dubbed the "Bitcoin Jesus" has been arrested in Spain on U.S. charges that he evaded paying at least $48 million in taxes, the U.S. Department of Justice said on Tuesday.
Roger Ver, 45, was charged with mail fraud and tax evasion in an indictment filed in federal court in Los Angeles that was unsealed following his arrest in Spain during the weekend, the department said.
The U.S. Supreme Court last year dismissed an unnamed law firm's appeal over court orders holding it in contempt of a grand jury subpoena because it had not released records related to a client matching Ver's description.
Bryan Skarlatos, a lawyer for Ver, said in a statement he was "very disappointed and surprised" by Ver's arrest while traveling in Spain.
"Mr. Ver relied on leading tax professionals to help him report his Bitcoin and he always intended to fully comply with his U.S. tax obligations," Skarlatos said. "We look forward to establishing his innocence in court, if necessary."
Ver, who for a time served as the chief executive of the digital wallet developer Bitcoin.com, began acquiring bitcoins in 2011 and actively promoted the cryptocurrency, earning him the name "Bitcoin Jesus."
In 2014, Ver renounced his U.S. citizenship after becoming a citizen of St. Kitts and Nevis, which prosecutors said had tax consequences for him.
Specifically, when someone gives up their citizenship, their property is treated as having been sold for its fair market value the day before they renounced their citizenship in a "constructive sale."
Under federal tax law, any gain arising from that "constructive sale" must be accounted for in that tax year.
The day he became a St. Kitts and Nevis citizen, Ver and two companies he owned, MemoryDealers.com and Agilestar.com, held about 131,000 bitcoins that at the time each traded for about $871, valuing them at more than $114 million.
Prosecutors said Ver hired a law firm to help him prepare his expatriation-related tax returns and an appraisal to value his companies, but provided them false or misleading information about how much of the cryptocurrency they in fact owned.
The Justice Department said that as a result, the law firm prepared and filed tax returns that undervalued the two companies and their bitcoins and did not report any owned personally by Ver.
Ver later took possession of the 70,000 bitcoins the two companies owned and sold them for about $240 million in 2017, the indictment said. But prosecutors said he failed to pay taxes he owed on distributions from those two U.S. companies.
The indictment alleged that in total, the Internal Revenue Service was deprived of $48 million in taxes from 2014 to 2017.
The Justice Department has said it plans to seek Ver's extradition.
(Reporting by Nate Raymond in Boston, Editing by Alexia Garamfalvi and Josie Kao)...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-23
**Financial & Commodity Data:**
- Gold Closing Price: $2335.00
- Crude Oil Closing Price: $76.87
**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: New York City, NY, May 05, 2024 (GLOBE NEWSWIRE) --
Despite recent turbulence in the crypto markets, bothBitcoin(BTC) andEthereum(ETH) have experienced a remarkable surge in prices over the past two days. This unexpected rally comes amidst a backdrop of uncertainty, indicating renewed investor confidence in these leading cryptocurrencies. Adding to the fervor,Furrever Token(FURR)has achieved a significant milestone, surpassing $1 million in presale funding, and has now launched a lucrative $10,000 competition, further igniting excitement in the crypto community.
Bitcoin's Resilience Shines as Whales Drive Market Surge: What's Next for Crypto?
Amidst recent market turbulence, Bitcoin (BTC) has emerged resilient, witnessing a remarkable surge driven by whale activity. On May 3, the total market value soared to $2.18 trillion, propelled by a 10% increase in Bitcoin's price to approximately $64,300.75. Notably, over $2.8 billion worth of BTC was accumulated by whales within 24 hours, signaling renewed confidence in the market. Analysts interpret indicators such as the Spent Output Profit Ratio (SOPR) and Bollinger Bands, foreseeing a potential short-term turnaround.
Despite recent corrections, market intelligence suggests key support levels and hints at a rebound, fostering optimism among investors. As Bitcoin trades at $61,721, attention turns to sustaining momentum above $59.7K, with the community eagerly anticipating further market growth and potential milestones.
Ethereum's Regulatory Challenges and Price Dynamics: Insights for Investors
Amidst its pivotal role in the crypto landscape, Ethereum (ETH) faces a complex interplay of regulatory hurdles and market dynamics, offering crucial insights for investors. Currently trading at $3,158.07 with a 6% increase since yesterday, Ethereum maintains its position as the second-largest cryptocurrency with a market cap of $373 billion. However, the path to launching Ethereum ETFs remains uncertain, with regulatory approval prospects cast into doubt by analysts like Bloomberg's James Seyffart. Seyffart suggests that approval for spot Ethereum ETFs in 2024 is improbable, potentially delayed until 2025, citing cautious behavior from the U.S. Securities and Exchange Commission (SEC).
Ethereum's price trajectory reflects this uncertainty, experiencing fluctuations within a ranging channel, with bullish signals indicating potential for testing new highs. Technical indicators such as the Relative Strength Index (RSI) and Bollinger Bands provide further insights into Ethereum's market momentum and consolidation phase. As Ethereum navigates through regulatory challenges and market fluctuations, its future outlook remains a subject of intense interest, with regulatory decisions poised to significantly impact adoption and integration of Ethereum-based financial products.
Furrever Token (FURR): Pioneering Cuteness in Crypto with $1 Million Presale Success and $10,000 Frenzy Bonanza Competition
Furrever Token (FURR)has rapidly ascended as a darling of the investor community, captivating enthusiasts with its innovative approach and endearing charm. Priced at $0.000648, FURR injects a refreshing dose of cuteness into the crypto space, leveraging the universal appeal of adorable cat imagery to transcend traditional boundaries. This delightful experience fosters a sense of community and shared joy, resonating strongly with users seeking a break from the seriousness often associated with blockchain technology. The project's commitment to creating a user-friendly platform, complete with cute cat-themed stickers, emojis, and visuals, has struck a chord with investors. To buy FURR, investors can visit its official website, furrevertoken.com, where they can also explore the potential for up to 15X returns.
The success of Furrever Token's presale, which amassed over $1 million in funding within just two months, speaks volumes about the project's traction and investor confidence. This rapid growth underscores not only the widespread appeal of FURR but also the growing appetite for projects prioritizing user experience and community engagement. With 65% of tokens available during the presale and a prudent allocation for team tokens locked for a year to reassure investors of the project's long-term viability, Furrever Token has demonstrated a commitment to transparency and sustainability.
To celebrate its successful presale progression, Furrever Token (FURR) has announced an exhilarating competition: theFurrever Token $10,000 Frenzy Bonanza Competition! This thrilling event invites Furrever Token enthusiasts to participate in a seven-day competition on the Gleam platform, where completing various tasks earns participants points for a chance to win. With $10,000 worth of FURR up for grabs, three lucky winners will be crowned Bonanza Champions at the end of the competition. First place takes home $5,000 worth of FURR, second place wins $3,000, and third place receives $2,000.
The competition runs from 02/05/2024 to 09/05/2024, offering participants ample time to secure their spot as one of the ultimate Furrever Winners. Winners will be selected randomly through the Gleam platform, with each winner receiving the prize value in FURR tokens directly to their connected wallet. To be eligible, participants must have a minimum of $10 worth of FURR on the website dashboard. So, get ready to embark on this exciting journey and may the fluffiest members emerge victorious!
In conclusion, Furrever Token's rapid rise to prominence in the cryptocurrency space is a testament to its innovative vision, strong community ethos, and unwavering commitment to delivering a unique and enjoyable experience for users. As the project continues to evolve and expand its reach, it is poised to make a lasting impact, capturing the hearts of investors and cat lovers alike while carving out its niche in the ever-growing crypto landscape.Join Furrever Token Presale Now:Furrever Token Official WebsiteVisit Furrever Token PresaleJoin Furrever Token Bonanza CompetitionJoin Official Telegram GroupFollow Official X Account
Media Contact:Robert Smithhttps://furrevertoken.com/[email protected]: 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: Robert Smith support at furrevertoken.com...
- 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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68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99
|
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:**
[67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-23
**Financial & Commodity Data:**
- Gold Closing Price: $2335.00
- Crude Oil Closing Price: $76.87
**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: New York City, NY, May 05, 2024 (GLOBE NEWSWIRE) --
Despite recent turbulence in the crypto markets, bothBitcoin(BTC) andEthereum(ETH) have experienced a remarkable surge in prices over the past two days. This unexpected rally comes amidst a backdrop of uncertainty, indicating renewed investor confidence in these leading cryptocurrencies. Adding to the fervor,Furrever Token(FURR)has achieved a significant milestone, surpassing $1 million in presale funding, and has now launched a lucrative $10,000 competition, further igniting excitement in the crypto community.
Bitcoin's Resilience Shines as Whales Drive Market Surge: What's Next for Crypto?
Amidst recent market turbulence, Bitcoin (BTC) has emerged resilient, witnessing a remarkable surge driven by whale activity. On May 3, the total market value soared to $2.18 trillion, propelled by a 10% increase in Bitcoin's price to approximately $64,300.75. Notably, over $2.8 billion worth of BTC was accumulated by whales within 24 hours, signaling renewed confidence in the market. Analysts interpret indicators such as the Spent Output Profit Ratio (SOPR) and Bollinger Bands, foreseeing a potential short-term turnaround.
Despite recent corrections, market intelligence suggests key support levels and hints at a rebound, fostering optimism among investors. As Bitcoin trades at $61,721, attention turns to sustaining momentum above $59.7K, with the community eagerly anticipating further market growth and potential milestones.
Ethereum's Regulatory Challenges and Price Dynamics: Insights for Investors
Amidst its pivotal role in the crypto landscape, Ethereum (ETH) faces a complex interplay of regulatory hurdles and market dynamics, offering crucial insights for investors. Currently trading at $3,158.07 with a 6% increase since yesterday, Ethereum maintains its position as the second-largest cryptocurrency with a market cap of $373 billion. However, the path to launching Ethereum ETFs remains uncertain, with regulatory approval prospects cast into doubt by analysts like Bloomberg's James Seyffart. Seyffart suggests that approval for spot Ethereum ETFs in 2024 is improbable, potentially delayed until 2025, citing cautious behavior from the U.S. Securities and Exchange Commission (SEC).
Ethereum's price trajectory reflects this uncertainty, experiencing fluctuations within a ranging channel, with bullish signals indicating potential for testing new highs. Technical indicators such as the Relative Strength Index (RSI) and Bollinger Bands provide further insights into Ethereum's market momentum and consolidation phase. As Ethereum navigates through regulatory challenges and market fluctuations, its future outlook remains a subject of intense interest, with regulatory decisions poised to significantly impact adoption and integration of Ethereum-based financial products.
Furrever Token (FURR): Pioneering Cuteness in Crypto with $1 Million Presale Success and $10,000 Frenzy Bonanza Competition
Furrever Token (FURR)has rapidly ascended as a darling of the investor community, captivating enthusiasts with its innovative approach and endearing charm. Priced at $0.000648, FURR injects a refreshing dose of cuteness into the crypto space, leveraging the universal appeal of adorable cat imagery to transcend traditional boundaries. This delightful experience fosters a sense of community and shared joy, resonating strongly with users seeking a break from the seriousness often associated with blockchain technology. The project's commitment to creating a user-friendly platform, complete with cute cat-themed stickers, emojis, and visuals, has struck a chord with investors. To buy FURR, investors can visit its official website, furrevertoken.com, where they can also explore the potential for up to 15X returns.
The success of Furrever Token's presale, which amassed over $1 million in funding within just two months, speaks volumes about the project's traction and investor confidence. This rapid growth underscores not only the widespread appeal of FURR but also the growing appetite for projects prioritizing user experience and community engagement. With 65% of tokens available during the presale and a prudent allocation for team tokens locked for a year to reassure investors of the project's long-term viability, Furrever Token has demonstrated a commitment to transparency and sustainability.
To celebrate its successful presale progression, Furrever Token (FURR) has announced an exhilarating competition: theFurrever Token $10,000 Frenzy Bonanza Competition! This thrilling event invites Furrever Token enthusiasts to participate in a seven-day competition on the Gleam platform, where completing various tasks earns participants points for a chance to win. With $10,000 worth of FURR up for grabs, three lucky winners will be crowned Bonanza Champions at the end of the competition. First place takes home $5,000 worth of FURR, second place wins $3,000, and third place receives $2,000.
The competition runs from 02/05/2024 to 09/05/2024, offering participants ample time to secure their spot as one of the ultimate Furrever Winners. Winners will be selected randomly through the Gleam platform, with each winner receiving the prize value in FURR tokens directly to their connected wallet. To be eligible, participants must have a minimum of $10 worth of FURR on the website dashboard. So, get ready to embark on this exciting journey and may the fluffiest members emerge victorious!
In conclusion, Furrever Token's rapid rise to prominence in the cryptocurrency space is a testament to its innovative vision, strong community ethos, and unwavering commitment to delivering a unique and enjoyable experience for users. As the project continues to evolve and expand its reach, it is poised to make a lasting impact, capturing the hearts of investors and cat lovers alike while carving out its niche in the ever-growing crypto landscape.Join Furrever Token Presale Now:Furrever Token Official WebsiteVisit Furrever Token PresaleJoin Furrever Token Bonanza CompetitionJoin Official Telegram GroupFollow Official X Account
Media Contact:Robert Smithhttps://furrevertoken.com/[email protected]: 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: Robert Smith support at furrevertoken.com...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-24
**Financial & Commodity Data:**
- Gold Closing Price: $2332.50
- Crude Oil Closing Price: $77.72
**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: It would take you more than a few minutes to find an asset that has produced a better return in the past five years thanBitcoin(CRYPTO: BTC). During that stretch, the world's most valuable cryptocurrency has soared 1,000%. For comparison's sake, the tech-heavyNasdaq-100indexclimbed 128% in that time.
Bitcoinhas been on a fantastic run in the past year and a half in particular. But things are cooling down, as it sits 13% off its peak price (as of the morning of May 5). Investors are probably viewing this as a potential buying opportunity.
If we look out over the next five years, where could Bitcoin be?
I think Bitcoin's key value proposition is that it is a scarce asset. There will only ever be 21 million coins in circulation, with a scheduled inflation rate that hasn't been tampered with yet in Bitcoin's roughly 15-year history. As demand for a fixed asset rises, so does the price.
This is in stark contrast to Bitcoin's main competitor, fiat currencies. Thanks to irresponsible fiscal and monetary policies, especially in the U.S., these currencies are constantly losing their purchasing power. Bitcoin's structure seeks a more controlled solution.
Another factor pushing up Bitcoin's price is the advent of a more robust financial services infrastructure. The latest development in this regard was theapproval of spot ETF productsin January. So far, these have been wildly successful at driving capital inflows to Bitcoin. Plus, the decision by the Securities and Exchange Commission to approve the ETFs can be viewed as a regulatory stamp of approval.
There are many businesses, ranging from Wall Street banks all the way down to scrappy start-ups, all working on different Bitcoin-related products and services. Therefore, it's easy to believe that this asset will find its way into more portfolios over time.
I'm fairly confident that five years from now, Bitcoin's price can be double what it is today. If history is any indication, though, this might prove to be a very conservative outlook.
After learning about some of Bitcoin's characteristics, it's hard not to become bullish. This is a special asset worth owning. And I do believe it has significant upside over the long term. However, investors need to also be mindful of any risks.
The top risk factor is that the U.S. government bans Bitcoin within its borders, essentially making it illegal to own or mine the crypto. This would basically leave out a massive pool of capital, resulting in weaker demand for Bitcoin. But as Bitcoin's value continues to rise, and more of the wealthy and political class starts to own it, the possibility of a full-on ban diminishes.
Another risk we can't ignore is more technical in nature. Perhaps an approved upgrade to the Bitcoin blockchain creates a software bug that exposes everyone's private keys, rendering the network worthless. Or progress toward quantum computing allows Bitcoin's cryptography to be cracked, again undermining the network's security.
But to help alleviate these potential threats, it's best to realize that Bitcoin nodes won't approve any updates that they think could wreak havoc. And when it comes to quantum computing, there's a high probability that Bitcoin's developers will create a way to bolster the network's security.
Once you understand these risks, you can set more realistic expectations. While I don't believe Bitcoin's return over the next five years will resemble the past five years, it's definitely worth taking a closer look at this cryptocurrency for your own portfolio. Just remember to maintain a long-term mentality and be prepared for the inevitable ups and downs.
Before you buy stock in Bitcoin, consider this:
TheMotley 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.
Consider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $550,688!*
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 hasmore than quadrupledthe return of S&P 500 since 2002*.
See the 10 stocks »
*Stock Advisor returns as of May 6, 2024
Neil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy.
Where Will Bitcoin Be in 5 Years?was originally published by The Motley Fool...
- 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.
|
69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99
|
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:**
[69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-24
**Financial & Commodity Data:**
- Gold Closing Price: $2332.50
- Crude Oil Closing Price: $77.72
**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: It would take you more than a few minutes to find an asset that has produced a better return in the past five years thanBitcoin(CRYPTO: BTC). During that stretch, the world's most valuable cryptocurrency has soared 1,000%. For comparison's sake, the tech-heavyNasdaq-100indexclimbed 128% in that time.
Bitcoinhas been on a fantastic run in the past year and a half in particular. But things are cooling down, as it sits 13% off its peak price (as of the morning of May 5). Investors are probably viewing this as a potential buying opportunity.
If we look out over the next five years, where could Bitcoin be?
I think Bitcoin's key value proposition is that it is a scarce asset. There will only ever be 21 million coins in circulation, with a scheduled inflation rate that hasn't been tampered with yet in Bitcoin's roughly 15-year history. As demand for a fixed asset rises, so does the price.
This is in stark contrast to Bitcoin's main competitor, fiat currencies. Thanks to irresponsible fiscal and monetary policies, especially in the U.S., these currencies are constantly losing their purchasing power. Bitcoin's structure seeks a more controlled solution.
Another factor pushing up Bitcoin's price is the advent of a more robust financial services infrastructure. The latest development in this regard was theapproval of spot ETF productsin January. So far, these have been wildly successful at driving capital inflows to Bitcoin. Plus, the decision by the Securities and Exchange Commission to approve the ETFs can be viewed as a regulatory stamp of approval.
There are many businesses, ranging from Wall Street banks all the way down to scrappy start-ups, all working on different Bitcoin-related products and services. Therefore, it's easy to believe that this asset will find its way into more portfolios over time.
I'm fairly confident that five years from now, Bitcoin's price can be double what it is today. If history is any indication, though, this might prove to be a very conservative outlook.
After learning about some of Bitcoin's characteristics, it's hard not to become bullish. This is a special asset worth owning. And I do believe it has significant upside over the long term. However, investors need to also be mindful of any risks.
The top risk factor is that the U.S. government bans Bitcoin within its borders, essentially making it illegal to own or mine the crypto. This would basically leave out a massive pool of capital, resulting in weaker demand for Bitcoin. But as Bitcoin's value continues to rise, and more of the wealthy and political class starts to own it, the possibility of a full-on ban diminishes.
Another risk we can't ignore is more technical in nature. Perhaps an approved upgrade to the Bitcoin blockchain creates a software bug that exposes everyone's private keys, rendering the network worthless. Or progress toward quantum computing allows Bitcoin's cryptography to be cracked, again undermining the network's security.
But to help alleviate these potential threats, it's best to realize that Bitcoin nodes won't approve any updates that they think could wreak havoc. And when it comes to quantum computing, there's a high probability that Bitcoin's developers will create a way to bolster the network's security.
Once you understand these risks, you can set more realistic expectations. While I don't believe Bitcoin's return over the next five years will resemble the past five years, it's definitely worth taking a closer look at this cryptocurrency for your own portfolio. Just remember to maintain a long-term mentality and be prepared for the inevitable ups and downs.
Before you buy stock in Bitcoin, consider this:
TheMotley 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.
Consider whenNvidiamade this list on April 15, 2005... if you invested $1,000 at the time of our recommendation,you’d have $550,688!*
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Neil Pateland his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has adisclosure policy.
Where Will Bitcoin Be in 5 Years?was originally published by The Motley Fool...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-25
**Financial & Commodity Data:**
- Gold Closing Price: $2332.50
- Crude Oil Closing Price: $77.72
**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: • Investor perception of bitcoin as digital gold means the cryptocurrency could attract new demand in the current macroeconomic environment, Coinbase said.
• The capital unlocked by spot bitcoin ETFs represents the most fundamental shift in market structure since the previous crypto cycle, the report said.
• Coinbase is still largely positive on the outlook for cryptocurrency markets in the second quarter.
Cryptocurrency markets dropped along with other risk assets after theFederal Reservereiterated a cautious stance on the pace of future interest-rate cuts. Gold has outperformed, and this may benefit bitcoin {{BTC}}, Coinbase (COIN) said in a research report on Friday.
“Given the market’s recent hawkish views on rate cuts, we think gold’s performance signals an overweighting on inflation relative to Fed rate changes as well as an overall belief that certain inflation bumps could materialize more problematically than anticipated,” the report said.
“Bitcoin’s increased acceptance as a form of ‘digital gold’ could enable demand from a new subset of investors in this regime,” wrote analyst David Han. “As a result, we think dips are likely to be more aggressively bought compared to previous cycles, even as volatility persists during price discovery.”
Among other macroeconomic signals that inflation may not be entirely subdued, theU.S. jobs marketcontinues to surprise to the upside. The economy added 303,000 jobs last month, the government said Friday. That's the strongest headline number since last May and it beat economist forecasts of 200,000 and February’s 270,000 additions.
The cryptocurrency’s wider access to capital following the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S. could result in less volatility, according to the report. The capital unlocked by spot ETFs “perhaps represents the most fundamental shift in market structure between the previous 2020-21 cycle and today,” Coinbase said.
This capital injection, coupled with the bitcoin halving coming later this month and other positive catalysts, makes Coinbase still largely positive on its outlook for crypto markets for the second quarter.
Thequadrennial halvingis when miner rewards are slashed by 50%, thereby reducing the rate of growth in the supply of bitcoin. The nexthalvingis expected to occur around April 20.
Read more:Crypto Market Setup Looks Positive for Second Quarter: Coinbase...
- 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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68518.09, 69394.55, 68296.22, 67578.09, 68364.99
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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:**
[69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-25
**Financial & Commodity Data:**
- Gold Closing Price: $2332.50
- Crude Oil Closing Price: $77.72
**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: • Investor perception of bitcoin as digital gold means the cryptocurrency could attract new demand in the current macroeconomic environment, Coinbase said.
• The capital unlocked by spot bitcoin ETFs represents the most fundamental shift in market structure since the previous crypto cycle, the report said.
• Coinbase is still largely positive on the outlook for cryptocurrency markets in the second quarter.
Cryptocurrency markets dropped along with other risk assets after theFederal Reservereiterated a cautious stance on the pace of future interest-rate cuts. Gold has outperformed, and this may benefit bitcoin {{BTC}}, Coinbase (COIN) said in a research report on Friday.
“Given the market’s recent hawkish views on rate cuts, we think gold’s performance signals an overweighting on inflation relative to Fed rate changes as well as an overall belief that certain inflation bumps could materialize more problematically than anticipated,” the report said.
“Bitcoin’s increased acceptance as a form of ‘digital gold’ could enable demand from a new subset of investors in this regime,” wrote analyst David Han. “As a result, we think dips are likely to be more aggressively bought compared to previous cycles, even as volatility persists during price discovery.”
Among other macroeconomic signals that inflation may not be entirely subdued, theU.S. jobs marketcontinues to surprise to the upside. The economy added 303,000 jobs last month, the government said Friday. That's the strongest headline number since last May and it beat economist forecasts of 200,000 and February’s 270,000 additions.
The cryptocurrency’s wider access to capital following the launch of spot bitcoin exchange-traded funds (ETFs) in the U.S. could result in less volatility, according to the report. The capital unlocked by spot ETFs “perhaps represents the most fundamental shift in market structure between the previous 2020-21 cycle and today,” Coinbase said.
This capital injection, coupled with the bitcoin halving coming later this month and other positive catalysts, makes Coinbase still largely positive on its outlook for crypto markets for the second quarter.
Thequadrennial halvingis when miner rewards are slashed by 50%, thereby reducing the rate of growth in the supply of bitcoin. The nexthalvingis expected to occur around April 20.
Read more:Crypto Market Setup Looks Positive for Second Quarter: Coinbase...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 68518.09, 69394.55, 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95]
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: $2332.50
- Crude Oil Closing Price: $77.72
**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: US stocks rebounded Wednesday after several days of red closings, as the S&P 500 jumped to a fresh record and the Dow surged more than 475 points.
The S&P 500 (^GSPC) was up 0.8% to close at a record of 5,248.50. The blue-chip Dow Jones Industrial Average (^DJI) rose about 1.2%, and the Nasdaq Composite (^IXIC) gained 0.5%.
The stock rebound came after a three-day losing streak for the benchmark S&P 500, which has set a new record closing high more than 20 times this year. And the gains extend beyond the start of 2024.As Yahoo Finance's Jared Blikre notes, the index is on track for its fifth-straight monthly gain — and that could be a signal it's poised to run further.
Later this week, investors will see the latest reading of the Personal Consumption Expenditures (PCE) price index. That index, which contains the Federal Reserve's preferred "core" PCE inflation measure, is set for release on Friday.
Also in focus isthe return of the meme stock, the mania around companies that have become phenomena on social media. Investors need not look further than Reddit (RDDT), which as a platform has been responsible for much of the frenzy over the years. Reddit stock had doubled from its IPO price, though it fell 11% on Tuesday as the stock gained short interest due to its recent surge.
Meanwhile, shares of Trump Media and Technology (DJT), the social media startup founded by presumptive Republican presidential nominee Donald Trump,gained another14% after Tuesday's 16% gain. But perhaps the OG meme stock, GameStop (GME), plunged 15%after reporting what one analyst called an "unsustainable" sales declineand announcing job cuts.
• Wed, March 27, 2024 at 8:00 PM UTCJosh SchaferA day for the laggardsThe two worst-performing sectors in the S&P 500 (^GSPC) to start the year led the trade on Wednesday.Utilities (XLU) and Real Estate (XLRE) both rose more than 2% Wednesday. Real Estate is still down more than 2% for the year while Utilities is up about 3%, lagging the S&P 500's more than 10% return to start the year.The small-cap Russell 2000 Index (^RUT) also outperformed, rising more than 2%. For the year, the Russell has gained more than 4%.•USD(^RUT)FollowView Quote Details
• Wed, March 27, 2024 at 7:30 PM UTCJosh SchaferTrending tickers Wednesday afternoonShares of Carnival Corporation (CCL) rose more than 1% as the company reported booking volumes. Also of note,the cruise line operator warnedthat thecollapseof the Francis Scott Key Bridge in Baltimore could impact the company's full-year net income by $10 million.•USD(CCL)FollowView Quote DetailsMerck (MRK) stock rose roughly 5% after the company received FDA approval for drug that treats a threatening, but rare, lung condition.Shares of Robinhood (HOOD) were higher by nearly 4% after the company announced the launch of its first credit card. Robinhood CEO Vlad Tenev told Yahoo Finance the credit card business has "very high margins" and is "very profitable"when discussing the launch.•USD(MRK)FollowView Quote Details
• Wed, March 27, 2024 at 6:45 PM UTCAlexandra CanalParamount debt rating downgraded to junkShares of Paramount Global (PARA) reversed losses after falling on the heels of another credit downgrade.S&P Global downgraded the company's debt rating to junk, citing the rapid decline of linear television as more consumers cut the cord in favor of streaming services.The ratings agency, which reduced its rating on Paramount to "BB+" from "BBB-", said the shift to streaming will continue to pressure Paramount's cash flow.Paramount shares, which are down more than 20% since the start of the year, edged about 1% higher in afternoon trading on Wednesday.•USD(PARA)FollowView Quote DetailsThe downgrade comes as the companyweighs potential buyers. Most recently, Apollo Global reportedly offered $11 billion for the company's studio, according toThe Wall Street Journal.(Disclosure: Yahoo Finance is owned by Apollo Global Management.)Paramount has long been viewed as a potential acquisition target. Production studio Skydance Media has reportedly discusseda two-step dealtargeting Paramount's holding company, National Amusements.Shari Redstone, who serves as the non-executive chairwoman of Paramount Global and president of National Amusements, will ultimately determine the company's fate. National Amusements owns approximately 10% of Paramount's equity capital value and maintains 77% of voting shares — valued at around $1 billion.Redstone has been hesitant to break up the company, with Paramount's studio business viewed as its most attractive asset amid a declining linear television ecosystem.Paramount's studio serves as the engine behind top Hollywood hits including "Top Gun: Maverick" and "A Quiet Place," in addition to successful series like "Yellowstone."
• Wed, March 27, 2024 at 6:04 PM UTCJosh SchaferA 'stealthy' rotation in sectors dominated March's trading actionMarch is just about over, and it has definitively been a month of rotation in the stock market rally.As of Tuesday's close, Energy (XLE) had been the largest outperformer, gaining more than 9%. Meanwhile, Materials (XLB), Utilities (XLU), Communications Services (XLC), Financials (XLF), and Industrials (XLI) all beat the returns of the S&P 500 (^GSPC) for the month.Notably, this put the year-to-date performance of Financials, Energy, and Industrials above that of the benchmark index, furthering signs ofa broadening-out of a market rallythat had initially largely been driven by gains in Tech and Communications Services (which contains several large tech companies)."What's happened so far this year is more signs of a broadening under the surface," Citi US equity strategist Scott Chronert told Yahoo Finance.Chronert added that sectors that have outperformed are typically tied to economic growth while the sectors that have lagged the S&P 500 this year like Consumer Staples (XLP) would typically be considered defensive plays utilized when investors are prepping for an economic downturn."What we're arguing is that that move [in stocks to start the year] is reflecting, one, conviction in the AI growth opportunity, but two, is also reflecting increased confidence in a soft landing," Chronert said.Multiple strategists have told Yahoo Finance this rotation likely has further to run if the economic outlook remains intact or improves. If, however, the outlook dampens, the "stealthy" rotation among sectors could shift once again, according to Charles Schwab chief investment strategist Liz Ann Sonders."If we were to see that economic growth deterioration, even if it meant that the Fed can justify starting to ease sooner and ease more aggressively, ... even if you didn't see a major corrective phase for the indexes, you would probably see under the surface a shift away from more cyclical areas, probably back to more defensive areas," Sonders told Yahoo Finance.
• Wed, March 27, 2024 at 5:15 PM UTCAlexandra CanalDisney, DeSantis board reach settlement in Florida lawsuitDisney (DIS) and the state of Florida reached a settlement on Wednesday to end litigation over the company's long-standing special tax district.The district, previously known as the Reedy Creek Improvement District (RCID), allowed Disney to operate as a self-governing entity since its inception; however, Florida Governor Ron DeSantisseized controlof the district last year following Disney's opposition to the state's "Don't Say Gay" law. The law forbids instruction on sexual orientation and gender identity from kindergarten through third grade."We are pleased to put an end to all litigation pending in state court in Florida between Disney and the Central Florida Tourism Oversight District," Jeff Vahle, president of Walt Disney World, said in a statement."This agreement opens a new chapter of constructive engagement with the new leadership of the district and serves the interests of all parties by enabling significant continued investment and the creation of thousands of direct and indirect jobs and economic opportunity in the State," he added.•USD(DIS)FollowView Quote DetailsThe high-profile Florida showdown has served as a years-long overhang for Disney as itfends off proxy battlesand grapples with challenges that include a declining linear TV business, slower growth in its parks business, and losses in its streaming division.According to the settlement, both parties "now express a mutual desire to resolve all disputes" related to pending litigation in Florida's state court.The settlement also included language that suggests Disney may drop its federal complaint against Gov. DeSantis "pending negotiations among other matters of a new development agreement between Disney and the District."Last month, Disney filed a notice of appealafter a federal judge dismissedits free speech case against the governor, determining the company's position ultimately "lacked standing," or the right to sue DeSantis and a separate government official.Disney filed thefederal lawsuitlast April, alleging DeSantis and the CFTOD board launched a "targeted campaign of government retaliation" to punish Disney for its position on "Don't Say Gay."Read more hereand check out Yahoo Finance's timeline of the saga below:
• Wed, March 27, 2024 at 4:30 PM UTCJosh SchaferReddit shares slump as Hedgeye initiates short positionReddit stock fell more than 12% in afternoon trade on Wednesday followinga new short report from Hedgeye Risk Management.After the stock more than doubled from its initial IPO price, Hedgeye described shares of the social media company as "grossly overvalued" and argued the stockhas reached meme stock territory."While we expect 1Q24 results to show positive fundamental momentum, our attention is focused on 2H24 and 1H25 where we expect a rapid deceleration in user and revenue growth," Hedgeye wrote in the report. "We see ~50% downside to it's original IPO price."The report added: "At [$75 per share, Reddit] was the most expensive stock among internet and media peers in our coverage....
- 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.
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69394.55, 68296.22, 67578.09, 68364.99
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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:**
[69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95]
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: $2332.50
- Crude Oil Closing Price: $77.72
**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: US stocks rebounded Wednesday after several days of red closings, as the S&P 500 jumped to a fresh record and the Dow surged more than 475 points.
The S&P 500 (^GSPC) was up 0.8% to close at a record of 5,248.50. The blue-chip Dow Jones Industrial Average (^DJI) rose about 1.2%, and the Nasdaq Composite (^IXIC) gained 0.5%.
The stock rebound came after a three-day losing streak for the benchmark S&P 500, which has set a new record closing high more than 20 times this year. And the gains extend beyond the start of 2024.As Yahoo Finance's Jared Blikre notes, the index is on track for its fifth-straight monthly gain — and that could be a signal it's poised to run further.
Later this week, investors will see the latest reading of the Personal Consumption Expenditures (PCE) price index. That index, which contains the Federal Reserve's preferred "core" PCE inflation measure, is set for release on Friday.
Also in focus isthe return of the meme stock, the mania around companies that have become phenomena on social media. Investors need not look further than Reddit (RDDT), which as a platform has been responsible for much of the frenzy over the years. Reddit stock had doubled from its IPO price, though it fell 11% on Tuesday as the stock gained short interest due to its recent surge.
Meanwhile, shares of Trump Media and Technology (DJT), the social media startup founded by presumptive Republican presidential nominee Donald Trump,gained another14% after Tuesday's 16% gain. But perhaps the OG meme stock, GameStop (GME), plunged 15%after reporting what one analyst called an "unsustainable" sales declineand announcing job cuts.
• Wed, March 27, 2024 at 8:00 PM UTCJosh SchaferA day for the laggardsThe two worst-performing sectors in the S&P 500 (^GSPC) to start the year led the trade on Wednesday.Utilities (XLU) and Real Estate (XLRE) both rose more than 2% Wednesday. Real Estate is still down more than 2% for the year while Utilities is up about 3%, lagging the S&P 500's more than 10% return to start the year.The small-cap Russell 2000 Index (^RUT) also outperformed, rising more than 2%. For the year, the Russell has gained more than 4%.•USD(^RUT)FollowView Quote Details
• Wed, March 27, 2024 at 7:30 PM UTCJosh SchaferTrending tickers Wednesday afternoonShares of Carnival Corporation (CCL) rose more than 1% as the company reported booking volumes. Also of note,the cruise line operator warnedthat thecollapseof the Francis Scott Key Bridge in Baltimore could impact the company's full-year net income by $10 million.•USD(CCL)FollowView Quote DetailsMerck (MRK) stock rose roughly 5% after the company received FDA approval for drug that treats a threatening, but rare, lung condition.Shares of Robinhood (HOOD) were higher by nearly 4% after the company announced the launch of its first credit card. Robinhood CEO Vlad Tenev told Yahoo Finance the credit card business has "very high margins" and is "very profitable"when discussing the launch.•USD(MRK)FollowView Quote Details
• Wed, March 27, 2024 at 6:45 PM UTCAlexandra CanalParamount debt rating downgraded to junkShares of Paramount Global (PARA) reversed losses after falling on the heels of another credit downgrade.S&P Global downgraded the company's debt rating to junk, citing the rapid decline of linear television as more consumers cut the cord in favor of streaming services.The ratings agency, which reduced its rating on Paramount to "BB+" from "BBB-", said the shift to streaming will continue to pressure Paramount's cash flow.Paramount shares, which are down more than 20% since the start of the year, edged about 1% higher in afternoon trading on Wednesday.•USD(PARA)FollowView Quote DetailsThe downgrade comes as the companyweighs potential buyers. Most recently, Apollo Global reportedly offered $11 billion for the company's studio, according toThe Wall Street Journal.(Disclosure: Yahoo Finance is owned by Apollo Global Management.)Paramount has long been viewed as a potential acquisition target. Production studio Skydance Media has reportedly discusseda two-step dealtargeting Paramount's holding company, National Amusements.Shari Redstone, who serves as the non-executive chairwoman of Paramount Global and president of National Amusements, will ultimately determine the company's fate. National Amusements owns approximately 10% of Paramount's equity capital value and maintains 77% of voting shares — valued at around $1 billion.Redstone has been hesitant to break up the company, with Paramount's studio business viewed as its most attractive asset amid a declining linear television ecosystem.Paramount's studio serves as the engine behind top Hollywood hits including "Top Gun: Maverick" and "A Quiet Place," in addition to successful series like "Yellowstone."
• Wed, March 27, 2024 at 6:04 PM UTCJosh SchaferA 'stealthy' rotation in sectors dominated March's trading actionMarch is just about over, and it has definitively been a month of rotation in the stock market rally.As of Tuesday's close, Energy (XLE) had been the largest outperformer, gaining more than 9%. Meanwhile, Materials (XLB), Utilities (XLU), Communications Services (XLC), Financials (XLF), and Industrials (XLI) all beat the returns of the S&P 500 (^GSPC) for the month.Notably, this put the year-to-date performance of Financials, Energy, and Industrials above that of the benchmark index, furthering signs ofa broadening-out of a market rallythat had initially largely been driven by gains in Tech and Communications Services (which contains several large tech companies)."What's happened so far this year is more signs of a broadening under the surface," Citi US equity strategist Scott Chronert told Yahoo Finance.Chronert added that sectors that have outperformed are typically tied to economic growth while the sectors that have lagged the S&P 500 this year like Consumer Staples (XLP) would typically be considered defensive plays utilized when investors are prepping for an economic downturn."What we're arguing is that that move [in stocks to start the year] is reflecting, one, conviction in the AI growth opportunity, but two, is also reflecting increased confidence in a soft landing," Chronert said.Multiple strategists have told Yahoo Finance this rotation likely has further to run if the economic outlook remains intact or improves. If, however, the outlook dampens, the "stealthy" rotation among sectors could shift once again, according to Charles Schwab chief investment strategist Liz Ann Sonders."If we were to see that economic growth deterioration, even if it meant that the Fed can justify starting to ease sooner and ease more aggressively, ... even if you didn't see a major corrective phase for the indexes, you would probably see under the surface a shift away from more cyclical areas, probably back to more defensive areas," Sonders told Yahoo Finance.
• Wed, March 27, 2024 at 5:15 PM UTCAlexandra CanalDisney, DeSantis board reach settlement in Florida lawsuitDisney (DIS) and the state of Florida reached a settlement on Wednesday to end litigation over the company's long-standing special tax district.The district, previously known as the Reedy Creek Improvement District (RCID), allowed Disney to operate as a self-governing entity since its inception; however, Florida Governor Ron DeSantisseized controlof the district last year following Disney's opposition to the state's "Don't Say Gay" law. The law forbids instruction on sexual orientation and gender identity from kindergarten through third grade."We are pleased to put an end to all litigation pending in state court in Florida between Disney and the Central Florida Tourism Oversight District," Jeff Vahle, president of Walt Disney World, said in a statement."This agreement opens a new chapter of constructive engagement with the new leadership of the district and serves the interests of all parties by enabling significant continued investment and the creation of thousands of direct and indirect jobs and economic opportunity in the State," he added.•USD(DIS)FollowView Quote DetailsThe high-profile Florida showdown has served as a years-long overhang for Disney as itfends off proxy battlesand grapples with challenges that include a declining linear TV business, slower growth in its parks business, and losses in its streaming division.According to the settlement, both parties "now express a mutual desire to resolve all disputes" related to pending litigation in Florida's state court.The settlement also included language that suggests Disney may drop its federal complaint against Gov. DeSantis "pending negotiations among other matters of a new development agreement between Disney and the District."Last month, Disney filed a notice of appealafter a federal judge dismissedits free speech case against the governor, determining the company's position ultimately "lacked standing," or the right to sue DeSantis and a separate government official.Disney filed thefederal lawsuitlast April, alleging DeSantis and the CFTOD board launched a "targeted campaign of government retaliation" to punish Disney for its position on "Don't Say Gay."Read more hereand check out Yahoo Finance's timeline of the saga below:
• Wed, March 27, 2024 at 4:30 PM UTCJosh SchaferReddit shares slump as Hedgeye initiates short positionReddit stock fell more than 12% in afternoon trade on Wednesday followinga new short report from Hedgeye Risk Management.After the stock more than doubled from its initial IPO price, Hedgeye described shares of the social media company as "grossly overvalued" and argued the stockhas reached meme stock territory."While we expect 1Q24 results to show positive fundamental momentum, our attention is focused on 2H24 and 1H25 where we expect a rapid deceleration in user and revenue growth," Hedgeye wrote in the report. "We see ~50% downside to it's original IPO price."The report added: "At [$75 per share, Reddit] was the most expensive stock among internet and media peers in our coverage....
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 69394.55, 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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 (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:**
[70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09]
Use the additional daily data provided in the input below for crucial context.
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Daily Context for Date: 2024-05-27
**Financial & Commodity Data:**
- Gold Closing Price: $2332.50
- Crude Oil Closing Price: $77.72
**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: This story was originally published onMarketing Dive. To receive daily news and insights, subscribe to our free dailyMarketing Dive newsletter.
• Chipotle Mexican Grill launched an interactive game called Burrito Vault to dole out over $1 million in free burritos,per a press release. The activation is timed to National Burrito Day on April 4.
• Consumers on April 2 and 3 who played the game online were challenged to guess two exact order combinations to unlock the bank, with buy-one-get-one free entrée codes available to the first 50,000 players who deciphered the vault code correctly each day.
• The promotional codes can be redeemed exclusively on National Burrito Day. Additionally, all players who unlocked the Burrito Vault will be entered into a sweepstakes where 53 fans — representative of the over 53 fresh ingredients used by Chipotle — will be selected to win free burritos for a year.
When burritos are your bread and butter, the national day in which they are recognized is a no-brainer for a playful marketing moment. Such is the case for Chipotle, which has staged National Burrito Day promos over the last several years that often nod to cultural touchpoints, including sendingtext-to-win codesfor free burritos via Twitter, using the metaverse to invite consumers toroll their own virtual burritosand giving fans a chance to be awarded “Burritos or Bitcoin.”
This year’s promotion is no different in its efforts to capture the brand’s most loyal customers on a day when they may be most primed to consider buying a burrito anyway. Consumers on April 2 and 3 beginning at 12pm P.T. each day could access the Burrito Vault and attempt to guess two exact order combinations, ingredient by ingredient, to unlock the bank, with the first 50,000 each day who crack the code able to score a promo code.
The Burrito Vault game is inspired by current pop-culture hype around digital word games, like Wordle, that have become a key asset in many consumers’ daily routines. Additionally, the move allows Chipotle to showcase its more than 1.34 billion possible burrito combinations and versatile menu, which is made with over 53 fresh ingredients, per release details. The game, which allowed consumers four attempts each day, also required winners to input their phone number to receive their promotional code, allowing Chipotle to access valuable consumer data.
In addition to the Burrito Vault game, Chipotle on April 4 is extending a $0 delivery fee offer to all of its Chipotle Rewards members ordering via the company’s website or app who use the code “deliver.” The chain will also be awarding 53 consumers who unlocked the Burrito Vault order correctly with free burritos for a year.
Marketing around brand-relevant national days could be impactful for Chipotle as it looks to build its loyalty and rewards initiatives. Last year, the brand also offered free concert tickets through social platform Threads as part ofNational Avocado Dayto help entice consumers to its brand and loyalty program and earlier added a“Freepotle” perk to its programthat offered members up to 10 free food items throughout 2023. In aFebruary earnings call, Chipotle CEO Brian Niccol outlined how these promotions are contributing to the company’s bottom line.
“From the Freepotle drops, we were able to learn more about our rewards members to improve our ability to deliver relevant experiences in the future,” Niccol said. “Going forward, I believe we are on a multiyear path to commercializing our customer data and insights into more targeted marketing campaigns and improving the overall digital experience that will drive increased frequency and spend over time.”...
- 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.
|
68296.22, 67578.09, 68364.99
|
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:**
[70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09]
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: $2332.50
- Crude Oil Closing Price: $77.72
**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: This story was originally published onMarketing Dive. To receive daily news and insights, subscribe to our free dailyMarketing Dive newsletter.
• Chipotle Mexican Grill launched an interactive game called Burrito Vault to dole out over $1 million in free burritos,per a press release. The activation is timed to National Burrito Day on April 4.
• Consumers on April 2 and 3 who played the game online were challenged to guess two exact order combinations to unlock the bank, with buy-one-get-one free entrée codes available to the first 50,000 players who deciphered the vault code correctly each day.
• The promotional codes can be redeemed exclusively on National Burrito Day. Additionally, all players who unlocked the Burrito Vault will be entered into a sweepstakes where 53 fans — representative of the over 53 fresh ingredients used by Chipotle — will be selected to win free burritos for a year.
When burritos are your bread and butter, the national day in which they are recognized is a no-brainer for a playful marketing moment. Such is the case for Chipotle, which has staged National Burrito Day promos over the last several years that often nod to cultural touchpoints, including sendingtext-to-win codesfor free burritos via Twitter, using the metaverse to invite consumers toroll their own virtual burritosand giving fans a chance to be awarded “Burritos or Bitcoin.”
This year’s promotion is no different in its efforts to capture the brand’s most loyal customers on a day when they may be most primed to consider buying a burrito anyway. Consumers on April 2 and 3 beginning at 12pm P.T. each day could access the Burrito Vault and attempt to guess two exact order combinations, ingredient by ingredient, to unlock the bank, with the first 50,000 each day who crack the code able to score a promo code.
The Burrito Vault game is inspired by current pop-culture hype around digital word games, like Wordle, that have become a key asset in many consumers’ daily routines. Additionally, the move allows Chipotle to showcase its more than 1.34 billion possible burrito combinations and versatile menu, which is made with over 53 fresh ingredients, per release details. The game, which allowed consumers four attempts each day, also required winners to input their phone number to receive their promotional code, allowing Chipotle to access valuable consumer data.
In addition to the Burrito Vault game, Chipotle on April 4 is extending a $0 delivery fee offer to all of its Chipotle Rewards members ordering via the company’s website or app who use the code “deliver.” The chain will also be awarding 53 consumers who unlocked the Burrito Vault order correctly with free burritos for a year.
Marketing around brand-relevant national days could be impactful for Chipotle as it looks to build its loyalty and rewards initiatives. Last year, the brand also offered free concert tickets through social platform Threads as part ofNational Avocado Dayto help entice consumers to its brand and loyalty program and earlier added a“Freepotle” perk to its programthat offered members up to 10 free food items throughout 2023. In aFebruary earnings call, Chipotle CEO Brian Niccol outlined how these promotions are contributing to the company’s bottom line.
“From the Freepotle drops, we were able to learn more about our rewards members to improve our ability to deliver relevant experiences in the future,” Niccol said. “Going forward, I believe we are on a multiyear path to commercializing our customer data and insights into more targeted marketing campaigns and improving the overall digital experience that will drive increased frequency and spend over time.”...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 68296.22, 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55]
Use the additional daily data provided in the input below for crucial context.
|
Daily Context for Date: 2024-05-28
**Financial & Commodity Data:**
- Gold Closing Price: $2355.20
- Crude Oil Closing Price: $79.83
**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: Editor’s Note:A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free,here.
The quadrennial “halving” has happened.
The long-awaited halving took place on Friday. While that may sound like some kind of pagan ritual or horror movie title, it’s actually a pretty mechanical operation that’s hardcoded in the design of bitcoin.
Put simply, the halving is an automatic 50% reduction in the number of bitcoin entering circulation. That should, in theory, push the value of the cryptocurrency higher while keeping its inflation in check.
The halving is the World Cup for crypto believers. It happens every four years, and emotions run high.
“Guessing the endgame for Bitcoin after each halving is the ultimate sport,” said Antoni Trenchev, co-founder of crypto lender Nexo, in a statement. “If the previous halvings are anything to go by, it should take no longer than eight months for Bitcoin’s price to double in value.”
That is a decidedly bullish view, but not an uncommon one among the bitcoin faithful.
The price of the cryptocurrency rose to roughly $66,192 on Monday morning, though still far below its all-time highs.
Bitcoin, the world’s first and biggest digital currency,hit a record highof $73,750 in March, fueled partly by investors geeking out over the halving, and partly by the United States’ regulatory approval of several bitcoin-based exchange-traded funds, or ETFs.
Those financial instruments have given mainstream investors an on-ramp to gain exposure to bitcoin’s movements without some of the risks of actually owning the digital currency, and resulted in billions of dollars rushing into bitcoin, which is up 40% this year.
“Every halving has historically resulted in some sort of bullish price action,” said Gareth Rhodes, managing director at research and advisory firm Pacific Street, in an interviewearlier this year. “Which makes sense, because you expect with more supply constraints that prices increase.”
In 2020, bitcoin miners’ “reward” went from 12.5 bitcoin to 6.25. Now, it will go from 6.25 down to 3.125. Miners are essentially auditors on the bitcoin blockchain, using powerful supercomputers to validate transactions and getting paid for their work in bitcoin.
Of course, there are plenty of crypto skeptics warning that digital assets have yet to prove their use case in the real world and are, at best, highly risky investments.
“It’s not clear to what degree the past price movements werecausedby the halving, versus simplycorrelatedwith it,” noted Molly White, a software engineer and prominent crypto critic, in her newsletterCitation Needed. “Notably, the previous halving in May 2020 coincided with massive macroeconomic changes in the early months of the Covid-19 pandemic, which brought money flowing into riskier asset classes across the board, and also brought a wave of bored pandemic-driven day traders into crypto.”
Echoing that word of caution, Villanova University finance professor John Sedunov wrote that there’s no guarantee bitcoin’s past performance would repeat itself, “especially in light of the macro environment and potentially rising costs of mining.”
By design, there will never be more than 21 million bitcoin. That creates a scarcity that proponents say creates value. Skeptics tend to argue that such manufactured scarcity doesn’t create any real underlying value. (Perhaps the most prominent in that camp is Jamie Dimon, the head of JPMorgan Chase, who haslong derided bitcoinas a worthless investment.)
While long-term sentiments on bitcoin are bullish among the crypto faithful, the psychology around an event like the halving is hard to predict and can create volatility that’s extreme even by crypto standards.
Greg Beard, CEO of Stronghold Digital Mining, said in a statement ahead of the halving that while there’s been some exaggerated enthusiasm around the event, the latest bitcoin rallies are “much more than a fad.”
“Bitcoin is maturing with institutional adoption,” Beard said. “It wouldn’t be surprising to see the price of bitcoin increase significantly over the next two years.”
For more CNN news and newsletters create an account atCNN.com...
- 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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67578.09, 68364.99
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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:**
[69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-28
**Financial & Commodity Data:**
- Gold Closing Price: $2355.20
- Crude Oil Closing Price: $79.83
**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: Editor’s Note:A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free,here.
The quadrennial “halving” has happened.
The long-awaited halving took place on Friday. While that may sound like some kind of pagan ritual or horror movie title, it’s actually a pretty mechanical operation that’s hardcoded in the design of bitcoin.
Put simply, the halving is an automatic 50% reduction in the number of bitcoin entering circulation. That should, in theory, push the value of the cryptocurrency higher while keeping its inflation in check.
The halving is the World Cup for crypto believers. It happens every four years, and emotions run high.
“Guessing the endgame for Bitcoin after each halving is the ultimate sport,” said Antoni Trenchev, co-founder of crypto lender Nexo, in a statement. “If the previous halvings are anything to go by, it should take no longer than eight months for Bitcoin’s price to double in value.”
That is a decidedly bullish view, but not an uncommon one among the bitcoin faithful.
The price of the cryptocurrency rose to roughly $66,192 on Monday morning, though still far below its all-time highs.
Bitcoin, the world’s first and biggest digital currency,hit a record highof $73,750 in March, fueled partly by investors geeking out over the halving, and partly by the United States’ regulatory approval of several bitcoin-based exchange-traded funds, or ETFs.
Those financial instruments have given mainstream investors an on-ramp to gain exposure to bitcoin’s movements without some of the risks of actually owning the digital currency, and resulted in billions of dollars rushing into bitcoin, which is up 40% this year.
“Every halving has historically resulted in some sort of bullish price action,” said Gareth Rhodes, managing director at research and advisory firm Pacific Street, in an interviewearlier this year. “Which makes sense, because you expect with more supply constraints that prices increase.”
In 2020, bitcoin miners’ “reward” went from 12.5 bitcoin to 6.25. Now, it will go from 6.25 down to 3.125. Miners are essentially auditors on the bitcoin blockchain, using powerful supercomputers to validate transactions and getting paid for their work in bitcoin.
Of course, there are plenty of crypto skeptics warning that digital assets have yet to prove their use case in the real world and are, at best, highly risky investments.
“It’s not clear to what degree the past price movements werecausedby the halving, versus simplycorrelatedwith it,” noted Molly White, a software engineer and prominent crypto critic, in her newsletterCitation Needed. “Notably, the previous halving in May 2020 coincided with massive macroeconomic changes in the early months of the Covid-19 pandemic, which brought money flowing into riskier asset classes across the board, and also brought a wave of bored pandemic-driven day traders into crypto.”
Echoing that word of caution, Villanova University finance professor John Sedunov wrote that there’s no guarantee bitcoin’s past performance would repeat itself, “especially in light of the macro environment and potentially rising costs of mining.”
By design, there will never be more than 21 million bitcoin. That creates a scarcity that proponents say creates value. Skeptics tend to argue that such manufactured scarcity doesn’t create any real underlying value. (Perhaps the most prominent in that camp is Jamie Dimon, the head of JPMorgan Chase, who haslong derided bitcoinas a worthless investment.)
While long-term sentiments on bitcoin are bullish among the crypto faithful, the psychology around an event like the halving is hard to predict and can create volatility that’s extreme even by crypto standards.
Greg Beard, CEO of Stronghold Digital Mining, said in a statement ahead of the halving that while there’s been some exaggerated enthusiasm around the event, the latest bitcoin rallies are “much more than a fad.”
“Bitcoin is maturing with institutional adoption,” Beard said. “It wouldn’t be surprising to see the price of bitcoin increase significantly over the next two years.”
For more CNN news and newsletters create an account atCNN.com...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 67578.09, 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
['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:**
[69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22]
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: $2340.30
- Crude Oil Closing Price: $79.23
**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: A recent slump inasset flowsto spot bitcoin ETFs notwithstanding, traditional finance holdouts are struggling increasingly to ignore the surging interest among investors for cryptocurrency assets.
Exhibit A is a recentreportthat Morgan Stanley is reevaluating its policies for financial advisors about recommending spot bitcoin ETFs to its clients. Morgan Stanley is currently allowing advisors to invest on behalf of clients as long as the request came from the clients.
Morgan Stanley declined to comment on how the company is policing this vague policy and might allow advisors to start recommending the ETFs directly to clients.
The firm is not alone in its cautious approach to what has become the hottest ETF category ever. Such notable platforms as Raymond James Financial, LPL Financial and The Vanguard Group are among the firms still restricting access in varying degrees to spot bitcoin funds.
Last week, after 71 straight days of net inflows totaling nearly $12 billion, some spot bitcoin ETFs experienced theirfirst outflows. Still, the speed with which the now 11 funds currently trading have generated this total has reluctant platforms reconsidering their stance.
It doesn’t hurt that bitcoin's is up more than 38% this year. Platforms are likely finding it difficult to ignore investors' voracious appetite for cryptocurrency exposure with its potential for big gains.
Similar to many old-school financial advisors who are still trying toignore cryptocurrencyas a potential investment, the brokerage platforms will find it increasingly difficult to deny access.
On Tuesday, the cryptocurrency space took another big step forward with thedebutof separate bitcoin and Ethereum ETFs in Hong Kong. The ETFs from China Asset Management opened on the Hong Kong exchanges as the two most active funds during the trading day.
Bloomberg Intelligence analyst Eric Balchunaspostedon social media that the dual launch in Hong Kong presents the first opportunity to measure investor appetite for bitcoin and ether-based products (ether is the native token of the Ethereum smart contracts blockchain). And it looks like the initial edge goes to the spot Ethereum funds, but that might be because the spot Ethereum ETFs are the first of their kind.
The Securities and Exchange Commission is still reviewing multiple applications for spot Ethereum ETFs to be offered on U.S. exchanges, and it remains unclear how the agency will rule. But what is clear is the market forces behind these kinds of products.
Morgan Stanley, Raymond James, LPL and Vanguard are surely paying attention to the SEC's deliberations as they consider expanding access for their clients.
Kudos to those firms taking the most cautious approach to cryptocurrency investing, but rest assured, it is a matter of when, not if, they will all eventually be on board.
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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68364.99
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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:**
['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:**
[69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22]
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: $2340.30
- Crude Oil Closing Price: $79.23
**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: A recent slump inasset flowsto spot bitcoin ETFs notwithstanding, traditional finance holdouts are struggling increasingly to ignore the surging interest among investors for cryptocurrency assets.
Exhibit A is a recentreportthat Morgan Stanley is reevaluating its policies for financial advisors about recommending spot bitcoin ETFs to its clients. Morgan Stanley is currently allowing advisors to invest on behalf of clients as long as the request came from the clients.
Morgan Stanley declined to comment on how the company is policing this vague policy and might allow advisors to start recommending the ETFs directly to clients.
The firm is not alone in its cautious approach to what has become the hottest ETF category ever. Such notable platforms as Raymond James Financial, LPL Financial and The Vanguard Group are among the firms still restricting access in varying degrees to spot bitcoin funds.
Last week, after 71 straight days of net inflows totaling nearly $12 billion, some spot bitcoin ETFs experienced theirfirst outflows. Still, the speed with which the now 11 funds currently trading have generated this total has reluctant platforms reconsidering their stance.
It doesn’t hurt that bitcoin's is up more than 38% this year. Platforms are likely finding it difficult to ignore investors' voracious appetite for cryptocurrency exposure with its potential for big gains.
Similar to many old-school financial advisors who are still trying toignore cryptocurrencyas a potential investment, the brokerage platforms will find it increasingly difficult to deny access.
On Tuesday, the cryptocurrency space took another big step forward with thedebutof separate bitcoin and Ethereum ETFs in Hong Kong. The ETFs from China Asset Management opened on the Hong Kong exchanges as the two most active funds during the trading day.
Bloomberg Intelligence analyst Eric Balchunaspostedon social media that the dual launch in Hong Kong presents the first opportunity to measure investor appetite for bitcoin and ether-based products (ether is the native token of the Ethereum smart contracts blockchain). And it looks like the initial edge goes to the spot Ethereum funds, but that might be because the spot Ethereum ETFs are the first of their kind.
The Securities and Exchange Commission is still reviewing multiple applications for spot Ethereum ETFs to be offered on U.S. exchanges, and it remains unclear how the agency will rule. But what is clear is the market forces behind these kinds of products.
Morgan Stanley, Raymond James, LPL and Vanguard are surely paying attention to the SEC's deliberations as they consider expanding access for their clients.
Kudos to those firms taking the most cautious approach to cryptocurrency investing, but rest assured, it is a matter of when, not if, they will all eventually be on board.
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- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price 68364.99 fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09]
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: $2342.90
- Crude Oil Closing Price: $77.91
**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: Coinbase and Robinhood are two of the most popular places to tradecryptocurrencies, but which one is better for you? The answer depends on your needs, especially on how much crypto trading you intend to do and the costs you’re willing to pay.
Coinbase and Robinhood may appeal to different kinds of traders, though there’s likely some significant overlap.Coinbaseis a cryptocurrency exchange that targets traders deeply in the world of digital currencies. In contrast,Robinhoodis a trading app that allows users to buy and sell stocks, ETFs, options and some types of crypto for no out-of-pocket cost.
Both companies have faced scrutiny from regulators in recent years. TheSecurities and Exchange Commission sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities. The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors. Coinbase said it would continue to operate its business as usual.
In 2020, Robinhood agreed to pay $65 million to settle SEC charges that it misled customers over the payments it received from trading firms for sending customers orders to them. The SEC found that customers received inferior trade prices in aggregate of $34.1 million even after accounting for the lack of a commission. Robinhood did not admit or deny the SEC’s findings.
Here’s how Coinbase and Robinhood differ along a few other key dimensions.
The cost structure at Coinbase and Robinhood are significantly different, and it doesn’t help matters that Coinbase purposely obscures much of its fee structure from potential customers (though it does disclose them before you actually place a trade). That said, Robinhood is not exactly straightforward about how it’s compensated either.
The fee structure at Robinhood is simple, relative to Coinbase’s. In keeping with the broker’s “no commissions” model for stock and options, you won’t pay any cost directly out of your pocket for buying and selling crypto. Instead, the cost of trading is effectively rolled into a spread markup on the trade. So you’ll effectively pay more when you’re buying and receive less when you’re selling than if you received the best market price at the moment of your trade.
Coinbase’s fee structure is confusing, to say the least. Not only does it charge varying fees based on how much you purchase, it has a basic tier of service and an advanced tier, each of which have different fees. And recently Coinbase began to obscure the fees for its basic service, making it difficult for prospective customers to see how much they’re paying (Spoiler alert: prices are high if you’re buying just a little bit of crypto on the basic tier.)
For smaller transactions, you’ll pay a spread mark-up of 0.5 percent of your trade value plus a flat fee based on the size of your transaction.
[{"Transaction amount": "$10 or less", "Fee": "$0.99"}, {"Transaction amount": "More than $10 and up to $25", "Fee": "$1.49"}, {"Transaction amount": "More than $25 and up to $50", "Fee": "$1.99"}, {"Transaction amount": "More than $50 and up to $200", "Fee": "$2.99"}]
At the lowest levels, around $10, you’ll pay a fee that eats up nearly 10 percent of your purchase. But even at $200, you’re still paying a hefty 1.5 percent or so. And that’s on top of the 0.5 spread mark-up that’s already factored into the purchase or sale price.
At purchase amounts above $200, you’re still paying that 0.5 percent spread mark-up while a variable fee depends on your source of funds.
[{"Payment method": "ACH", "Fee": "Free"}, {"Payment method": "Wire (USD)", "Fee": "$10 deposit fee; $25 withdrawal fee"}, {"Payment method": "Debit card", "Fee": "3.99 percent"}]
If you opt to use Coinbase Advanced, the company’s higher service tier, you’ll be able to score lower overall fees, even if you’re trading with lower amounts. Coinbase Advanced is clearer about these fees, but the structure is scaled and depends on whether you’re adding liquidity (where the commission ranges from 0 to 0.4 percent of trade value) or taking liquidity (with commissions ranging from 0.05 to 0.6 percent).
Advantage:Robinhood, for the simplicity of its fee structure, even if its disclosure is no better than the one provided by Coinbase.
Coinbase supports trading in more than 200 different cryptocurrencies, including the biggies such as Bitcoin, Ethereum, Cardano, Solana, Dogecoin and more. So, you’re likely to find what you’re looking for and even plenty that you aren’t. Sure, Coinbase doesn’t offerthousands of other much smaller digital currencies, but that won’t matter for almost anyone but niche traders.
In contrast, Robinhood allows users to trade in just 15 digital currencies: Aave, Avalanche, Bitcoin, Bitcoin Cash, Chainlink, Compound,Dogecoin, Ethereum, Ethereum Classic, Litecoin, Shiba Inu, Stellar Lumens, Tezos, Uniswap and USD Coin. However, the app does give traders access to real-time data on these cryptos and others.
Advantage:Coinbase, for its much broader range of available coins.
When it comes to the type of securities being offered, Coinbase is all crypto, all the time. If you want anything else —stocks, ETFs, options — you’ll have to find it elsewhere.
In contrast, Robinhood offers a wider range of securities, including stocks, options,ETFsand cryptocurrencies, though it doesn’t offer bonds or mutual funds. Still, the app will reel in plenty of traders with what it does offer, so it can appeal to a wide audience even with a shallower pool of crypto.
Advantage:Robinhood, for its broader range of offerings.
If you’re looking to handle custody of your crypto assets yourself, Coinbase is probably your best bet. The exchange offers its own wallet, but you can also take custody of the assets yourself through your own wallet. So you can pick the solution that fits your needs best,whether you’re looking for a hardware wallet or software walletor you just want to leave it with Coinbase for trading.
Robinhood does offer Robinhood Wallet as an app that’s seperate from the core Robinhood platform. The app is a self-custody wallet that serves as the portal for storing and managing your crypto on networks such as Ethereum or Bitcoin.
Advantage:Coinbase has the edge here for offering more options. Though if you intend to trade frequently, this matters less.
Coinbase and Robinhood also differ significantly when it comes tocryptocurrency staking, a process through which owners of cryptocurrency receive income on their holding. Staking is like earning interest on a bank account, though with significant differences and risks.
With Coinbase, users can stake their crypto assets, which are then used to validate transactions on the given currency’s blockchain. Currently, clients can earn staking rewards on dozens of crypto coins, includingEthereum, Tron and Cardano. Coinbase takes care of the technical details behind the scenes, and you earn additional coins for keeping your assets there.
Robinhood only offers staking on Solana as of May 2024. .
Advantage:Coinbase, for offering staking rewards on more coins.
Which company is better for you ultimately depends on your needs, but it’s fair to say that those focused heavily on cryptocurrency or many types of crypto will find Coinbase a better fit. On the other hand, those interested in a few popular crypto coins as part of a broader portfolio may prefer Robinhood, and they may even want to check out rivalWebull, which also offers cryptocurrency trading.
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation....
- 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:**
['• 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:**
[71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-30
**Financial & Commodity Data:**
- Gold Closing Price: $2342.90
- Crude Oil Closing Price: $77.91
**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: Coinbase and Robinhood are two of the most popular places to tradecryptocurrencies, but which one is better for you? The answer depends on your needs, especially on how much crypto trading you intend to do and the costs you’re willing to pay.
Coinbase and Robinhood may appeal to different kinds of traders, though there’s likely some significant overlap.Coinbaseis a cryptocurrency exchange that targets traders deeply in the world of digital currencies. In contrast,Robinhoodis a trading app that allows users to buy and sell stocks, ETFs, options and some types of crypto for no out-of-pocket cost.
Both companies have faced scrutiny from regulators in recent years. TheSecurities and Exchange Commission sued Coinbase in June 2023, alleging it had illegally operated as an exchange, broker-dealer and clearing agency, and offered and sold unregistered securities. The lawsuit said Coinbase knowingly violated securities laws that are designed to protect investors. Coinbase said it would continue to operate its business as usual.
In 2020, Robinhood agreed to pay $65 million to settle SEC charges that it misled customers over the payments it received from trading firms for sending customers orders to them. The SEC found that customers received inferior trade prices in aggregate of $34.1 million even after accounting for the lack of a commission. Robinhood did not admit or deny the SEC’s findings.
Here’s how Coinbase and Robinhood differ along a few other key dimensions.
The cost structure at Coinbase and Robinhood are significantly different, and it doesn’t help matters that Coinbase purposely obscures much of its fee structure from potential customers (though it does disclose them before you actually place a trade). That said, Robinhood is not exactly straightforward about how it’s compensated either.
The fee structure at Robinhood is simple, relative to Coinbase’s. In keeping with the broker’s “no commissions” model for stock and options, you won’t pay any cost directly out of your pocket for buying and selling crypto. Instead, the cost of trading is effectively rolled into a spread markup on the trade. So you’ll effectively pay more when you’re buying and receive less when you’re selling than if you received the best market price at the moment of your trade.
Coinbase’s fee structure is confusing, to say the least. Not only does it charge varying fees based on how much you purchase, it has a basic tier of service and an advanced tier, each of which have different fees. And recently Coinbase began to obscure the fees for its basic service, making it difficult for prospective customers to see how much they’re paying (Spoiler alert: prices are high if you’re buying just a little bit of crypto on the basic tier.)
For smaller transactions, you’ll pay a spread mark-up of 0.5 percent of your trade value plus a flat fee based on the size of your transaction.
[{"Transaction amount": "$10 or less", "Fee": "$0.99"}, {"Transaction amount": "More than $10 and up to $25", "Fee": "$1.49"}, {"Transaction amount": "More than $25 and up to $50", "Fee": "$1.99"}, {"Transaction amount": "More than $50 and up to $200", "Fee": "$2.99"}]
At the lowest levels, around $10, you’ll pay a fee that eats up nearly 10 percent of your purchase. But even at $200, you’re still paying a hefty 1.5 percent or so. And that’s on top of the 0.5 spread mark-up that’s already factored into the purchase or sale price.
At purchase amounts above $200, you’re still paying that 0.5 percent spread mark-up while a variable fee depends on your source of funds.
[{"Payment method": "ACH", "Fee": "Free"}, {"Payment method": "Wire (USD)", "Fee": "$10 deposit fee; $25 withdrawal fee"}, {"Payment method": "Debit card", "Fee": "3.99 percent"}]
If you opt to use Coinbase Advanced, the company’s higher service tier, you’ll be able to score lower overall fees, even if you’re trading with lower amounts. Coinbase Advanced is clearer about these fees, but the structure is scaled and depends on whether you’re adding liquidity (where the commission ranges from 0 to 0.4 percent of trade value) or taking liquidity (with commissions ranging from 0.05 to 0.6 percent).
Advantage:Robinhood, for the simplicity of its fee structure, even if its disclosure is no better than the one provided by Coinbase.
Coinbase supports trading in more than 200 different cryptocurrencies, including the biggies such as Bitcoin, Ethereum, Cardano, Solana, Dogecoin and more. So, you’re likely to find what you’re looking for and even plenty that you aren’t. Sure, Coinbase doesn’t offerthousands of other much smaller digital currencies, but that won’t matter for almost anyone but niche traders.
In contrast, Robinhood allows users to trade in just 15 digital currencies: Aave, Avalanche, Bitcoin, Bitcoin Cash, Chainlink, Compound,Dogecoin, Ethereum, Ethereum Classic, Litecoin, Shiba Inu, Stellar Lumens, Tezos, Uniswap and USD Coin. However, the app does give traders access to real-time data on these cryptos and others.
Advantage:Coinbase, for its much broader range of available coins.
When it comes to the type of securities being offered, Coinbase is all crypto, all the time. If you want anything else —stocks, ETFs, options — you’ll have to find it elsewhere.
In contrast, Robinhood offers a wider range of securities, including stocks, options,ETFsand cryptocurrencies, though it doesn’t offer bonds or mutual funds. Still, the app will reel in plenty of traders with what it does offer, so it can appeal to a wide audience even with a shallower pool of crypto.
Advantage:Robinhood, for its broader range of offerings.
If you’re looking to handle custody of your crypto assets yourself, Coinbase is probably your best bet. The exchange offers its own wallet, but you can also take custody of the assets yourself through your own wallet. So you can pick the solution that fits your needs best,whether you’re looking for a hardware wallet or software walletor you just want to leave it with Coinbase for trading.
Robinhood does offer Robinhood Wallet as an app that’s seperate from the core Robinhood platform. The app is a self-custody wallet that serves as the portal for storing and managing your crypto on networks such as Ethereum or Bitcoin.
Advantage:Coinbase has the edge here for offering more options. Though if you intend to trade frequently, this matters less.
Coinbase and Robinhood also differ significantly when it comes tocryptocurrency staking, a process through which owners of cryptocurrency receive income on their holding. Staking is like earning interest on a bank account, though with significant differences and risks.
With Coinbase, users can stake their crypto assets, which are then used to validate transactions on the given currency’s blockchain. Currently, clients can earn staking rewards on dozens of crypto coins, includingEthereum, Tron and Cardano. Coinbase takes care of the technical details behind the scenes, and you earn additional coins for keeping your assets there.
Robinhood only offers staking on Solana as of May 2024. .
Advantage:Coinbase, for offering staking rewards on more coins.
Which company is better for you ultimately depends on your needs, but it’s fair to say that those focused heavily on cryptocurrency or many types of crypto will find Coinbase a better fit. On the other hand, those interested in a few popular crypto coins as part of a broader portfolio may prefer Robinhood, and they may even want to check out rivalWebull, which also offers cryptocurrency trading.
Editorial Disclaimer: All investors are advised to conduct their own independent research into investment strategies before making an investment decision. In addition, investors are advised that past investment product performance is no guarantee of future price appreciation....
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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This is a placeholder for your thinking process.
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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:**
[69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99]
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: $2342.90
- Crude Oil Closing Price: $77.91
**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: • US stocks traded mostly higher on Wednesday as investors focused on Fed Chair Jerome Powell's latest comments.
• He affirmed rate cuts are likely coming this year, assuming inflation continues to cool.
• The S&P 500 and the Nasdaq Composite ended the day in the green, while bond yields ticked lower.
US stocks traded mostly higher on Wednesday as investors took in the latest guidance from Federal Reserve officials on the timing of interest rate cuts. The S&P 500 and Nasdaq Composite ended the trading day in the green, while bond yields ticked lower.
In an afternoon address, Fed Chair Jerome Powell affirmed that rate cuts were likely coming later in 2024. Still, he suggested policymakers need to have more confidence inflation is moving back to the Fed's 2% price target before issuing the first cut.
"On inflation, it is too soon to say whether the recent readings represent more than just a bump," Powell said in prepared remarks at a Stanford University event. "Given the strength of the economy and progress in inflation so far, we have time to let the incoming data guide our decisions on policy."
That compares to remarks from Atlanta Fed President Raphael Bostic, who cast a hawkish tone this morning and said heforesaw just one rate cutby the end of the year. Fed Governor Adriana Kugler is scheduled to speak after the closing bell.
Investors are continuing to push back on their expectations for an interest rate cut. Markets are pricing in a 62% chance the Fed could cut rates at least once by June, according to theCME FedWatch tool, down from 74% odds priced in a month ago.
"The narrative of falling inflation and imminent Fed rate cuts that drove the stock market's first quarter gains is wobbling in the second quarter," Yung-Yu Ma, the chief investment officer of BMO Wealth Management, said in a note on Wednesday. "We expect more of a market consolidation instead of a correction. The stock market doesn't need Fed rate cuts or even falling inflation, but it's also not in a robust position to quickly digest risks that could rise from accelerating inflation ... or rising long-term interest rates."
Here's where US indexes stood at the 4 p.m. closing bell on Wednesday:
• S&P 500:5,211.49, up 0.1%
• Dow Jones Industrial Average:39,127.14, down 0.1% (43 points)
• Nasdaq Composite:16,277.46, up 0.2%
Here's what else happened today:
• JPMorgan just slashed its price target on Tesla stockand sees 32% downside for Elon Musk's carmaker.
• Tesla could "go bust" and plunge 91% in value, according to one longtime bear.
• China could be poised to grow at double the rateof the US in the coming years, according to one economist.
• Trump Media is suing its cofoundersfor "failing spectacularly" and "doing significant damage" to its business.
• Here's why stocks will stay under pressure until tax day on April 15.
In commodities, bonds, and crypto:
• West Texas Intermediatecrude oil rose 0.40% to $85.49 a barrel.Brent crude, the international benchmark, ticked higher 0.04% to $89.39 a barrel.
• Goldedged up 0.66% to $2,295.51 per ounce.
• The 10-year Treasury yield traded relatively flat around 4.357%.
• Bitcoindipped 0.32% to $65,891.
Read the original article onBusiness Insider...
- 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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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:**
[69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37, 71448.20, 70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99]
Use the additional daily data provided in the input below for crucial context. Daily Context for Date: 2024-05-31
**Financial & Commodity Data:**
- Gold Closing Price: $2342.90
- Crude Oil Closing Price: $77.91
**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: • US stocks traded mostly higher on Wednesday as investors focused on Fed Chair Jerome Powell's latest comments.
• He affirmed rate cuts are likely coming this year, assuming inflation continues to cool.
• The S&P 500 and the Nasdaq Composite ended the day in the green, while bond yields ticked lower.
US stocks traded mostly higher on Wednesday as investors took in the latest guidance from Federal Reserve officials on the timing of interest rate cuts. The S&P 500 and Nasdaq Composite ended the trading day in the green, while bond yields ticked lower.
In an afternoon address, Fed Chair Jerome Powell affirmed that rate cuts were likely coming later in 2024. Still, he suggested policymakers need to have more confidence inflation is moving back to the Fed's 2% price target before issuing the first cut.
"On inflation, it is too soon to say whether the recent readings represent more than just a bump," Powell said in prepared remarks at a Stanford University event. "Given the strength of the economy and progress in inflation so far, we have time to let the incoming data guide our decisions on policy."
That compares to remarks from Atlanta Fed President Raphael Bostic, who cast a hawkish tone this morning and said heforesaw just one rate cutby the end of the year. Fed Governor Adriana Kugler is scheduled to speak after the closing bell.
Investors are continuing to push back on their expectations for an interest rate cut. Markets are pricing in a 62% chance the Fed could cut rates at least once by June, according to theCME FedWatch tool, down from 74% odds priced in a month ago.
"The narrative of falling inflation and imminent Fed rate cuts that drove the stock market's first quarter gains is wobbling in the second quarter," Yung-Yu Ma, the chief investment officer of BMO Wealth Management, said in a note on Wednesday. "We expect more of a market consolidation instead of a correction. The stock market doesn't need Fed rate cuts or even falling inflation, but it's also not in a robust position to quickly digest risks that could rise from accelerating inflation ... or rising long-term interest rates."
Here's where US indexes stood at the 4 p.m. closing bell on Wednesday:
• S&P 500:5,211.49, up 0.1%
• Dow Jones Industrial Average:39,127.14, down 0.1% (43 points)
• Nasdaq Composite:16,277.46, up 0.2%
Here's what else happened today:
• JPMorgan just slashed its price target on Tesla stockand sees 32% downside for Elon Musk's carmaker.
• Tesla could "go bust" and plunge 91% in value, according to one longtime bear.
• China could be poised to grow at double the rateof the US in the coming years, according to one economist.
• Trump Media is suing its cofoundersfor "failing spectacularly" and "doing significant damage" to its business.
• Here's why stocks will stay under pressure until tax day on April 15.
In commodities, bonds, and crypto:
• West Texas Intermediatecrude oil rose 0.40% to $85.49 a barrel.Brent crude, the international benchmark, ticked higher 0.04% to $89.39 a barrel.
• Goldedged up 0.66% to $2,295.51 per ounce.
• The 10-year Treasury yield traded relatively flat around 4.357%.
• Bitcoindipped 0.32% to $65,891.
Read the original article onBusiness Insider...
- 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. tell me your analysis about news and twites and other informations realted to what effects it has to the price in next 10 days that we have them.
after that just write 10 days price separated by camma for next 10 days price this are next 10 days price fully explain how that information effects on prices that i have in next 10 days and give me your recommendation about this too by the news and other informations we have too.
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