📊 Market Overview:

BTC : $58775
ETH : $2641.53
BNB : $524.5
SOL : $143.76

⚡ Dominance :

BTC : 53.41 %
ETH : 14.64 %
Stables : 6.89 %

📈 Market Cap :

Total : 2.18T
DeFi : 67.37B
24hr Vol : 84.78B

📊 Crypto Net Inflow : Aug 16th

💰 BTC ETFs : $35.9M 📈

💰 ETH ETFs : -$15.0M 📉

Role of Yield Curve Control in Crypto

Yield curve control (YCC) is a monetary policy tool used by central banks to manage interest rates across different bond maturities. In cryptocurrency and decentralized finance (DeFi), YCC can regulate interest rates on lending protocols, stablecoins, and other financial products, impacting liquidity, market conditions, and overall economic activity.

Implementing YCC in crypto is significant for stabilizing interest rates, managing risk, and incentivizing desired financial behaviors. For example, a DeFi platform could use YCC to adjust interest rates, encouraging liquidity provision and fostering a more stable financial environment.

However, potential concerns include centralization, governance, transparency, and conflicts of interest. While YCC offers promising opportunities for financial stability in decentralized ecosystems, its implementation must be carefully considered to ensure it is both effective and ethical.

📊 Market Overview:

BTC : $59237
ETH : $2602.61
BNB : $530.66
SOL : $139.75

⚡ Dominance :

BTC : 53.85 %
ETH : 14.42 %
Stables : 6.98 %

📈 Market Cap :

Total : 2.17T
DeFi : 66.5B
24hr Vol : 64.17B

Nonce: The Key to Blockchain Security

In cryptocurrency, a nonce ("number once") is a unique number used in cryptographic communication to ensure privacy and prevent replay attacks. Typically including a timestamp, a nonce is valid for a specific duration or is highly random to avoid repetition.

A nonce is a four-byte number added to a hashed block in a blockchain. When rehashed, this number must meet certain difficulty criteria. This process is essential for blockchain security, as it ensures that any change in input results in a completely different hash, maintaining the blockchain's integrity.

Miners compete to find a nonce that meets specific criteria, allowing them to validate and add new blocks to the blockchain. This computational race proves their work and enhances the blockchain's security. Once a valid nonce is discovered, miners broadcast the block for verification, protecting against malicious attempts to compromise the blockchain.

Crypto Market Trends: Uptrends and Downtrends

In the volatile world of crypto trading, understanding uptrends and downtrends is crucial for making informed investment decisions. An uptrend is a sustained price increase over time, characterized by higher highs and higher lows on the price chart, indicating a bullish market sentiment. Conversely, a downtrend is a sustained price decrease, marked by lower highs and lower lows, signaling a bearish market sentiment.

Identifying these trends is vital for traders and investors as it helps gauge market sentiment and make informed decisions about buying, selling, or holding cryptocurrencies. For instance, if Bitcoin is on an uptrend, it may be a good time to buy, anticipating that the price will continue to rise. Conversely, during a downtrend, it might be wise to sell or hold off on investing(Always DYOR)

Basics of Cryptocurrency for those who are new to this world

Cryptocurrency is a digital form of currency that uses cryptography for security and operates independently of a central authority, such as a government or financial institution. It is decentralized and typically based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers.

Cryptocurrencies can be used for various purposes, including online transactions, investments, and remittances. Some popular cryptocurrencies include Bitcoin, Ethereum, and Ripple. Each cryptocurrency has its own unique features and uses, but they all share the common characteristics of being digital, secure, and decentralized.

Investing in cryptocurrencies carries risks, as their value can be highly volatile. However, many people see them as a promising alternative to traditional currencies and financial systems due to their potential for transparency, security, and accessibility.

Do not use Bitmart exchange. I heard they confiscated users' money.

Emotion vs. Strategy in Trading:

- Type 1 Trader: Stays disciplined, cuts losses, and comes out with a +$549 gain

- Type 2 Trader: Gets swayed by emotions, sees profits shrink to +$178

Even with the PDT rule limiting trades, remember: don't let emotions trade for you.

📊 Market Overview:

BTC : $59516
ETH : $2578.48
BNB : $552.05
SOL : $141.44

⚡ Dominance :

BTC : 53.56 %
ETH : 14.13 %
Stables : 6.94 %

📈 Market Cap :

Total : 2.19T
DeFi : 67.52B
24hr Vol : 73.74B

Here's a quick guide on Doji candlestick patterns in trading:

1. Abandoned Body Top - Bears take charge after an uptrend.
2. Long Legged Doji - Market is indecisive; could go either way.
3. Shooting Star - A potential bearish reversal after an uptrend.
4. Hanging Man - Possible bearish sign when it appears after an uptrend.
5. Morning Doji Star - Bullish reversal after a downtrend.
6. Evening Doji Star - A bearish reversal pattern.
7. Hammer - A bullish signal after a downtrend.

Stay informed and trade wisely!

📊 Market Overview:

BTC : $60874
ETH : $2626.07
BNB : $580.12
SOL : $143.28

⚡ Dominance :

BTC : 53.57 %
ETH : 14.08 %
Stables : 6.79 %

📈 Market Cap :

Total : 2.25T
DeFi : 69.81B
24hr Vol : 89.46B

📊 Market Overview:

BTC : $61136
ETH : $2667.2
BNB : $580.29
SOL : $144.49

⚡ Dominance :

BTC : 53.30 %
ETH : 14.16 %
Stables : 6.72 %

📈 Market Cap :

Total : 2.26T
DeFi : 71.2B
24hr Vol : 69.53B

How does crypto works

https://news.1rj.ru/str/Bitcoin_Crypto_Web

Cryptocurrency works through a technology called blockchain, which is a decentralized and distributed ledger that records all transactions across a network of computers. Here is a simplified explanation of how cryptocurrency works:

1. Cryptography: Cryptocurrencies use cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.

2. Blockchain: Transactions are recorded in blocks, which are linked together in a chain. Each block contains a list of transactions, a timestamp, and a cryptographic hash of the previous block. This creates a secure and transparent record of all transactions.

3. Decentralization: Unlike traditional centralized systems, cryptocurrencies operate on a decentralized network of computers called nodes. These nodes work together to validate transactions and maintain the integrity of the blockchain.

4. Consensus Mechanism: To prevent fraud and ensure the accuracy of transactions, cryptocurrencies use consensus mechanisms such as Proof of Work (PoW) or Proof of Stake (PoS). These mechanisms require participants to solve complex mathematical problems or stake their cryptocurrency to validate transactions.

5. Wallets: Cryptocurrency wallets are digital tools that allow users to store, send, and receive cryptocurrencies. Each wallet has a unique public address and private key for secure access.

6. Mining: In some cryptocurrencies, like Bitcoin, miners use powerful computers to solve complex mathematical problems and validate transactions. Miners are rewarded with newly minted coins for their efforts.

7. Transactions: When a user initiates a transaction, it is broadcasted to the network and added to a block. The transaction is then verified by nodes in the network before being permanently recorded on the blockchain.

8. Security: Cryptocurrencies are secured by cryptographic algorithms and private keys, making them resistant to hacking and fraud. However, users must also take precautions to protect their private keys and wallets from theft.

📊 Market Overview:

BTC : $64106
ETH : $2757.51
BNB : $580.39
SOL : $157.33

⚡ Dominance :

BTC : 53.60 %
ETH : 14.04 %
Stables : 6.46 %

📈 Market Cap :

Total : 2.36T
DeFi : 73.97B
24hr Vol : 108.96B

📊 Market Overview:

BTC : $63955
ETH : $2753.96
BNB : $574.94
SOL : $157.79

⚡ Dominance :

BTC : 53.77 %
ETH : 14.10 %
Stables : 6.50 %

📈 Market Cap :

Total : 2.35T
DeFi : 73.39B
24hr Vol : 70.65B

BITCOIN 1-YEAR OVERVIEW

All the charts of financial assets, especially high time-frames, can be perfectly described by Fibonacci Retracement. This helps when we are trying to make long-term forecasts.

The whole 2022 was sacrificed to a 1-3 Elliott Waves correction from $50,000 to $16,000 (0 point by Fibo). The whole 2023 was just an accumulation phase.

📈 2024 is about a growth, but how high can Bitcoin go? It has already completed 1 and 2 waves of 1-5 Elliott Waves trend movement, the next one should send us to $90,000 which perfectly correlates with 0.786 level by Fibo.

At this point some consolidation usually takes place. It can also be seen on the chart.

📊 Market Overview:

BTC : $63669
ETH : $2728.99
BNB : $560.18
SOL : $159.66

⚡ Dominance :

BTC : 53.87 %
ETH : 14.07 %
Stables : 6.54 %

📈 Market Cap :

Total : 2.33T
DeFi : 72.47B
24hr Vol : 65.41B