Smart Crypto Investing: Bitcoin, Altcoins & Trading Strategies podcast.
Hey friends, Crypto Willy here, your go-to neighbor in the wild world of smart crypto investing. Let's catch up on what’s been shaking in Bitcoin, altcoins, and some smart trading angles over the past week—you know I’ve got your back!
Kicking things off with Bitcoin, the granddaddy of crypto. As of this afternoon, Bitcoin has been dancing around the $110,000 to $113,000 range. According to CoinDesk and Binance, the price dipped to about $110,185 today, with a little rebound after touching fresh two-month lows earlier in the week. The mood’s been a bit tense, with some heavy liquidations—almost a billion in crypto futures positions wiped, mostly from folks betting long. That's a classic “ouch” if you were over-leveraged and hoping for a quick rebound.
What’s causing this chop? Key analysts over at MEXC Ventures and VanEck point to a dip in network activity and trading volumes, with Timothy Misir of BRN noting that network adoption looks weak. Meanwhile, big players—the institutions and sovereign funds—are quietly accumulating while retail traders nervously watch support levels like $110,000 and $105,000. There’s this back-and-forth tug between short-term panic and long-term conviction. Some, like Standard Chartered, are still sticking to wild predictions of $200,000 Bitcoin by year’s end, but for now, it’s all about consolidation and patience.
And don’t overlook the miners! The U.S. now holds more than 31% of the global hashrate, but even there it’s a mixed bag—some companies like APLD rallied, while others lagged despite Bitcoin’s earlier run to an all-time high of $124,000 just a couple weeks ago, according to VanEck.
Now, altcoins—this is where things get spicy. Institutional investors might be playing it cool with Bitcoin, but over in the altcoin corner, speculative capital is flowing into early-stage tokens like MAGACOIN FINANCE. Word from CoinCodex and other analysts is that MAGACOIN FINANCE has closed several presale rounds lightning fast. If their forecasts hold, this altcoin could potentially see a 33x return in the next year. The catch? Massive volatility and high risk, so don’t bet the farm. Always DYOR—do your own research.
On the trading strategies end, volatility is the name of the game. With network fundamentals looking shaky, day traders need to watch for sharp reversals, particularly if Bitcoin drops below key support. Spot and futures traders are eyeing RSI and MACD for reversal signals, while the real big moves are often driven by whales on cash exchanges, not the CFD playground.
If you’re in NFTs, it’s a chilly August—blue-chip collections like Pudgy Penguins and Bored Ape Yacht Club have seen price slides, though CryptoPunks are holding steadier.
So as we close out the last week of August, it’s a market caught between nerves and quiet optimism. Bitcoin is balancing on a knife edge, altcoins like MAGACOIN stirring up FOMO, and savvy investors are playing both defense and offense.
That’s the scoop for this week! Thanks for tuning in with me, Crypto Willy. Swing back next week for another round of crypto news and pro tips. This has been a Quiet Please production, and if you want more of me, check out Quiet Please Dot A I. Catch you soon!
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