Don’t panic! Even if everything looks red, don’t let fear take over. Cryptos aren’t going anywhere, they’re just gaining momentum.
Now is the time to prepare for when they start running again…
And you know the best way to be prepared: stay informed. So, here we go:
What’s happening with Bitcoin?
You’re probably wondering what’s happening with Bitcoin. After a spectacular start to the year, we are currently seeing prices from two months ago.
To give you an idea, in the last 24 hours the market capitalization has dropped by 9.5%.
The reason? The transfer of almost 48,000 BTC from Mt. Gox to various exchange wallets around the world and the announcement that it will return almost $9 billion in Bitcoin stolen in 2014 to its owners.
It’s normal for the market price to suffer in anticipation of potential mass sales.
But you know what they say: “where there is fear, there is opportunity.”
This is where the so-called “diamond hands” come in, those users who do not sell their Bitcoin, and also the whales, addresses that take advantage of these mass sales to make large purchases.
Moments like this create an opportunity for users like us, as it opens a window to buy BTC at a reduced price, which we can take advantage of through Buy Orders.
This tool, available in the Bit2Me suite, allows you to specify the price at which you want to buy Bitcoin, and the purchase is executed automatically when the cryptocurrency reaches the price you have set.
It’s an ideal feature to seize the moment and set up a Buy Order that lets you catch your BTC at the best possible price.
Major banks are betting on Chainlink
Chainlink is the leading blockchain dedicated to oracles, its main feature is that it connects the real world with the blockchain.
What does this mean? It means that no application that needs data, such as an exchange, could function without oracles.
In the last week, 54 major institutions have purchased more than $30 million worth of LINK tokens, demonstrating that Chainlink is leading the application of blockchain in the world of finance.
Among the major banks that have already bet on Chainlink are Citi, BNP Paribas, Lloyds Bank, and Deutsche Bank, among others.
Solana ETFs will cause the next big green wave
Last week we told you that VanEck filed for a spot Solana ETF. This week, another firm, 21Shares, has joined in.
But that’s not all. In a meeting with clients and investors, BlackRock announced that they are also preparing their own application for a Solana ETF.
The Solana ecosystem has been one of the best-performing in 2024, with the SOL token itself growing more than 600% in the past year.
Approval of a spot Solana ETF would be very positive for all cryptocurrencies developed on this blockchain and would pave the way for the approval of other ETFs linked to the price of various cryptocurrencies.
