Get Smarter About Crypto

₿itcoin reached $51,760.  -0.89%

♢Ethereum reached $2,784. -1.09%

What we will talk about today...

🚀💰 3 Things Show Bitcoin’s Way to New Highs in 2024

🌐💼 ETH’s Way: Traders Looking at $3,000 with Old Warnings

💹📈How Safe are Bitcoin and Ethereum?

3 Things Show Bitcoin’s Way to New Highs in 2024

In the changing world of digital money, Bitcoin, with the sign BTC, looks ready for a big rise to new highs in 2024. Let’s look at three things that show this possible rise.

📊Coming Half and Old Price Moves:

Bitcoin now goes down to $51,764, and its coming supply half, with old price ways, shows a way to new highs. The yes of spot Bitcoin ETFs by the U.S. Rules Group (SEC) in 2024 has made a rise in Bitcoin’s price, and also that of Ether (ETH - $2,782), Solana (SOL - $110), and other digital money.

💹Half and Old Data Help Bitcoin’s Chance:

Traders wait for the coming half event, less than 70 days away, to have a big part. Bitcoin’s old data shows a round way, with good times often started by things like the half, making less the rate of BTC making. The next half, in mid-April 2024, is thought to have a big effect on Bitcoin’s price, maybe making a new high.

🚀Money Flows into Spot Bitcoin ETFs:

Money is going into spot Bitcoin ETFs, making a big change in the market. A total of $4.5 billion has gone into Bitcoin ETFs in just over a month since they started trading on Jan. 11. Notably, BlackRock’s IBIT has made one of the best ETF starts, going past 100,000 BTC things under work on Feb. 13. This flow shows the growing of the part and makes BTC a strong money thing.

📈Bitcoin’s Tech Set-Up Shows Good Chance:

Bitcoin’s price picture shows a round low way on the weekly picture, with possible goals at the line of $69,220, going with the highs in November 2021. The power sign (RSI) and Moving Averages (EMAs) show a good feeling, showing a possible break into new prices.

In this hard crypto world, the meeting of half ways, ETF use, and tech signs makes a good picture. As the crypto people wait for these things, the place is ready for Bitcoin to maybe reach new highs in 2024. 🚀💰

ETH’s Way: Traders Looking at $3,000 with Old Warnings

As Ethereum (ETH) bulls wait for a rise to the $3,000 mark, old data says to be careful of the altcoin’s price way. In the past 10 days, ETH has seen a 21.5% up way, going close to the $2,800 level. The current good way is said to be the big flow into the new Bitcoin ETF in the U.S.

📈 Good Way and Possible Blocks:

Even with the good way, Ethereum has old tests at the $3,000 level. In March 2022, ETH had a drop of 46% after getting to this point. The big question stays: will history happen again, or will Ethereum’s way to $3,000 be different this time?

💼 Things Helping ETH’s Rise:

From a good view, Ethereum could make its second place as the second cryptocurrency with a spot ETF on U.S. markets. This difference from others, with rules and good things, could make Ethereum more liked. The coming Dencun network change on March 13, to make less costs on Ethereum’s layer 2, adds more help to the good story. The change’s chance to make more DApp use and more smart contract puts is seen as a push for more need for ETH.

📉 Learning from History:

ETH bulls have many reasons to trust in the $3,000 goal, but old data says that keeping such a price level is hard. The last rise in April 2022, where ETH got 42% but then had a 46% drop, works as a careful story for traders.

📊 Looking at Market Things:

Traders are watching key things to see the market feeling. The ETH futures more, showing money needed between longs and shorts, now go near 15%, saying more money is needed during ETH’s recent up way. This is different from the same basis rate in April 2022.

Options market study, using the 25% delta turn as a thing, shows a middle degree of hope but not the same feeling between bulls and bears. The recent -7% point in delta turn goes with a careful but hopeful market feeling.

🚨 Care for ETH Bulls:

Traders hoping for a price rise based on the possible Ethereum spot ETF yes are told about possible bad, mostly with the coming SEC time of May 23. Even with hopeful yes chances, the danger of losing money because of price changes stays big, showing the need for care.

In this changing place, ETH’s way to $3,000 is met with wait and a careful eye on old ways, showing the worth of careful market study and danger work for traders. 📉📈

How Safe are Bitcoin and Ethereum? A New Way to Measure Attack Costs

In the changing world of blockchain tech, a new study came out, showing a new way to look at how weak two of the top cryptocurrencies, Bitcoin and Ethereum, are. Written by Lucas Nuzzi, Kyle Waters, and Matias Andrade, the paper goes through the hard things of blockchain safety, asking new questions about 51% of attacks and showing a new thing – the Total Cost to Attack (TCA).

🔍 Understanding the TCA Thing:

The study’s main point is the TCA thing, a full thing that adds both money and work costs in doing a 51% attack or breaking the Byzantine Fault Tolerance (BFT). By making possible attack ways, the study gives a new way to see how good such attacks can be, giving deep thoughts on the strong safety ways of Bitcoin and Ethereum.

💡 How Good and How Strong:

Different from normal thinking, the study looks at different attack ways, including the possible danger from country people. The careful study shows the hard and costly things in breaking these blockchains, showing the strength of these networks against different dangers. The study says that even in ways where attackers keep mining empty blocks, the network can fight back.

📈 Asking New Questions:

The paper asks new questions in the cryptocurrency people, mostly about the link between less block rewards and network safety. Results say that the normal belief that network safety needs transaction fee money may not be true. The writers look at old things, asking old ideas and giving a new understanding of the moves that make miners act.

🌐 Different Reasons:

A key thing looked at is the reasons behind possible attackers, putting them into money-driven and idea-driven people. This difference is needed for knowing the different dangers to blockchain safety and shows the bad money of attacks for both groups. The TCA thing, when used to Bitcoin and Ethereum, shows that the real cost of making a good 51% attack is too high, helping the idea of Nash Equilibrium in these networks.

🚀 Future Tests and Strength:

As the study ends, it adds to the talk on the long good of Bitcoin and Ethereum’s less money rules. By showing the guessing acts of miners and their effect on network safety, the writers show the worth of long work and change in keeping the cryptocurrency place safe. The results ask normal thinking, making the way for more strong and good money networks, saying the power of these ways against possible weak points.

In the changing world of blockchain change, this study works as a show of the need for work and change to make cryptocurrencies safe against possible bad people. 🌐🛡️

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Stay tuned for more twists and turns in the crypto world & Happy Investing🚀💎