Shocking Footage from Bill Gates' $100 Billion AI Project

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

Bitcoin, Ethereum Take A Siesta While Dogecoin Surges After February Frenzy: Analyst Sees Apex Crypto Pulling Back To $46K If Correction Occurs

Mehab Qureshi
February 29, 2024

Major cryptocurrencies traded mixed on Thursday, with Bitcoin and Ethereum taking a breather, signaling the onset of the profit-taking season.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)
Bitcoin (CRYPTO: BTC)-0.28%$61,199
Ethereum (CRYPTO: ETH)-1.21%$3,375
Dogecoin (CRYPTO: DOGE)+6.91%$0.12

What Happened: Bitcoin skyrocketed by  44% in February, surging past the $50,000 and $60,000 milestones for the first time in years, and reaching $64,000 on Wednesday.

In the last 24 hours, 114,440 traders faced liquidation, resulting in a total of $339.26 million in liquidated assets. The most significant liquidation occurred on Bitmex, involving the DOGE-USD with a value of $5.87 million.

CoinGlass data reveals that BTC longs amounting to $56 million were liquidated, and an additional $34 million in long positions were impacted during the same period.

The trading frenzy for U.S.-listed spot Bitcoin ETFs continued on Thursday, following the largest single-day net inflow on Wednesday. BlackRock’s IBIT (NASDAQ:IBIT), which ranks second in asset total among Bitcoin ETFs, maintained its position in the top 10 most-traded ETFs in the US by midday on Thursday. Barchart data revealed that it recorded over $1 billion in trading volume for the fourth consecutive day.

Top Gainers (24 Hour)

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)
Fetch.Ai (CRYPTO: FET)+21.30%$1.59
Bit Torrent (CRYPTO: BTT)+13.00%$0.000001259
UNUS SED LEO (CRYPTO: LEO)+11.22%$4.79

The global cryptocurrency market cap now stands at $2.32 trillion, showing a 5.76% increase in the past 24 hours.

The Nasdaq Composite surged on Thursday, reaching its first record high since November 2021. It soared 0.90% to close at 16,091.92, buoyed by the rally of tech stocks and chips at the end of the trading day. 

Simultaneously, the S&P 500 also climbed 0.52% to conclude at 5,096.27. Meanwhile, the Dow Jones Industrial Average edged up by 0.12% to 38,996.39.

Economic data released on Thursday revealed that the Federal Reserve’s preferred measure of inflation remained persistently above the central bank’s target in January, although it did not surpass Wall Street’s expectations. Additionally, there were indications of robust consumer spending. 

The core personal consumption expenditures price index, the Federal Reserve’s favored inflation metric, rose by 0.4% for the month and 2.8% from a year earlier, aligning with Dow Jones estimates. The headline PCE, which encompasses food and energy categories, increased by 0.3% monthly and 2.4% annually, in line with respective forecasts for 0.3% and 2.4%.

On Thursday, crypto mining companies including Marathon Digital experienced a 15% decline, Riot Platforms saw a 10% drop. CleanSpark and Cipher Mining were down by 9% and 8% respectively, and Iris Energy retreated by 3%.

See More: Best Cryptocurrency Scanners

Analyst Notes: Cryptocurrency analyst Michael Van de Poppe said the market capitalization of altcoins is gradually ascending, indicating positive movement.

"The upside could be captured on Bitcoin, meaning a rotation towards altcoins. Therefore, Ethereum to $4,500-5,000 is likely, while altcoins will accelerate with 2-4x returns."

The analyst’s prediction for BTC suggests that in the event of a pullback, Bitcoin could potentially drop to as low as $46,000.

"Bitcoin manages to reach a $670 million net inflow.  Mostly, this is coming through Blackrock's ETF (exchange-traded fund) and interest. The price is $62,600, with insanely strong movements before the halving. What to look for? If a correction happens, I aim at $46,000 or $53,000 for longs."

Analyst Tony Sycamore from the IG Markets brokerage firm, said, "Momentum in Bitcoin points to a test and possible breakout of $69,000. This will push Bitcoin beyond the record high of $69,000 set in the heady days of crypto peaks in November 2021."

Alex Thorn, head of firmwide research at Galaxy, expressed a bullish outlook, stating, “We haven’t even begun to reach the heights this is likely to go.” Thorn emphasized the potential impact of U.S. spot Bitcoin ETFs, referring to them as a “game changer” that would generate consistent and rapidly growing demand for BTC.

On-chain analyst Ali Martinez said that TD Sequential is signaling a sell alert on the 4-hour chart for Bitcoin. TD Sequential is a technical analysis indicator used to predict potential price exhaustion and trend reversals in the crypto market. It consists of a series of counts, typically up to 9 and 13, to identify buy and sell signals.

"Since Feb 15, every sell signal from this indicator has been spot-on, leading to $BTC price corrections between 1.50% and 4.20%. This is a pattern worth noting for traders eyeing short-term movements!"

Read Next: Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter Users

Popular

GM Recalls 107 Bolt Electric Vehicles Due To Fire Risks

General Motors is recalling 107 Bolt electric vehicles owing to fire risks, the NHTSA said on Tuesday.

Hit by scandal, Japan's top automaker Toyota reports lower profits

TOKYO (AP) — Toyota’s July-September profit sank to less than half of what it was in the same period the previous year, as a production stoppage that followed , the Japanese automaker said Wednesday.

Kamala Harris May Seize This Cutting-Edge Tech -- Act Now - Ad

A new technology (not AI) is powerful enough to save America $1.7 TRILLION in healthcare costs each year. Trump is rumored to use it personally... And Kamala Harris has threatened to have key patents on it seized. Whoever wins the election - it could cause a massive surge in demand... And send a tiny firm with key patents on this technology soaring. It's currently trading for only $7. But it likely won't stay this cheap for long.

Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it

It's one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too.

A failed mic leaves Donald Trump pacing the stage in silence for nearly 20 minutes

DETROIT (AP) — paced his rally stage in silence for nearly 20 minutes Friday night in Detroit after his microphone cut out.

U.S. Government Report Alert Tuesday - Ad

Every time the government releases jobs, inflation, GDP and other economic reports... Use the zero day loophole to target up to 253%... 327%... Even 383% overnight profits!

Kamala Harris 'Ready' If Trump Decides To 'Falsely' Declare Victory: 'We Are Prepared To Respond'

Kamala Harris's campaign and Democratic officials are preparing to counter any premature victory declaration by Donald Trump on Election Day.

Lower-priced new cars are gaining popularity, and not just for cash-poor buyers

DETROIT (AP) — Had she wanted to, Michelle Chumley could have afforded a pricey new SUV loaded with options. But when it came time to replace her Chevrolet Blazer SUV, for which she'd paid about $40,000 three years ago, Chumley chose something smaller. And less costly.

Why November 7th Will Impact Stocks More Than The Election - Ad

(This happens only once every 25 years.) Just 48 hours after the 2024 Presidential Election... A man from a completely different government branch is going to stand up, say a few words... ... and make history in the stock market. This event comes along only every 25 years... And experts are already positioning themselves to profit from it.

Top 3 Tech Stocks You'll Regret Missing In Q4

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down.

Elon Musk's Mother Does Harris Impression During TV Appearance

Maye Musk, mother of Elon Musk, has sparked a flurry of reactions following her controversial imitation of Kamala Harris on Fox Business.

Elon: Tesla Is a Robotics Company Now - Ad

Elon Musk's new plan for Tesla's future has nothing to do with electric cars... TechRadar reports it "will blow your mind..." & McKinsey says it "will shape the coming decade." We recently got our hands on a video clip detailing this breakthrough.

Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock

On Thursday, the Cathie Wood-led Ark Invest made significant moves in the market, with prominent trades involving Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc.

Court approves Tupperware's sale to lenders, paving way for brand's exit from bankruptcy

NEW YORK (AP) — A U.S. bankruptcy judge approved a sale of on Tuesday, paving the way for the iconic food-shortage company to soon exit and continue offering its products while undergoing a hoped-for revitalization.

Wall Street Insider Issues Crash Prediction - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

LA County sues Pepsi, Coca-Cola over plastic bottles

LOS ANGELES (AP) — Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

Chevron Q3 Earnings: Production Boost By PDC Energy & Permian Basin, Targets $2-$3 Billion In Structural Savings By 2026

Chevron Corp reported Q3 results, with adjusted net earnings of $4.53 billion, and a quarterly dividend of $1.63 per share. The company plans to reduce costs and divest assets to improve performance.

What Trump 2025 Means for Military Stocks - Ad

A recently tested new superweapon could defeat China and restore our nation's global dominance... And I predict it could send 5 military stocks soaring. But it gets much bigger... This one controversial move by President Trump could make this wealth-building opportunity bigger. You will not want to miss out this time.

Working Well: Seeking the elusive work-life balance, one step at a time

NEW YORK (AP) — The moment I knew I had to get serious about came without warning. I was writing a high-profile news story during the pandemic when my heart began pounding like a jackhammer.

Elon Musk Loses Battle To Dismiss Ex-Twitter CEO Parag Agrawal's Severance Lawsuit: Did The $200M Gamble Backfire?

Elon Musk lost a court ruling allowing severance pay claims from former Twitter executives, including ex-CEO Parag Agrawal, to proceed, with the judge rejecting Musk's request to dismiss the case.

Why Smart Investors Are Choosing This $16 AI Stock - Ad

If you've missed out on NVIDIA's recent 1,600% run...Don't worry because there's one AI stock that could be a lot more lucrative. It's currently trading for only $16. And most importantly... even OpenAI founder Sam Altman admits the future of AI "depends" on this company's work.

Elon Musk Want His 11 Kids, Their Mothers To Live In Secret Compound He Bought, New Report Says

Elon Musk could be building a new family compound made up of several mansions to house his children and their mothers, according to a new report.

One Tech Tip: How to prepare your online accounts in case you die

LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

Early Nvidia, AMD, and Tesla Investor Shares New AI Picks - Ad

Jeff Brown, the tech expert who recommended Nvidia, AMD, and Tesla, is now releasing new AI stock picks. He believes they could deliver even bigger gains than before.

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

Apple CEO Tim Cook expressed cautious optimism about Apple's stable performance in China, highlighting record-high active devices and strong sales, while declining to speculate on the impact of China's economic stimulus.

Drugmaker Eli Lilly walks back 2024 forecast after 3Q earnings miss

AP Health Writer (AP) — Eli Lilly is dialing back its 2024 forecast after underwhelming Wall Street with third-quarter earnings and sales from two key drugs that missed expectations.

Bill Gates' Mysterious New AI Project Revealed - Ad

Tech expert Jeff Brown uncovers Bill Gates' latest AI project, Stargate, which Forbes claims could reshape everything we think we know about our world.

Jim Cramer Says Mark Zuckerberg Has 'Your Brain' As Meta Pours Billions Into Global Domination Strategy

Jim Cramer highlighted Meta CEO Mark Zuckerberg's unique marketing abilities, suggesting Zuckerberg's focus on dominance and precision targeting can create global impact, as Meta's strong Q3 earnings exceeded expectations despite some stock volatility.

Honda's Pickup Beats Tesla Cybertruck As Most American Made Truck

Japanese automaker Honda's 2025 Ridgeline AWD pickup truck is the most American-made truck with 75% of its content sourced from either the U.S. or Canada.

Elon Musk: Without This Company, "Civilization Will Crumble" - Ad

Did you know that there's an investment that will give you the opportunity to collect "royalties" every time Nvidia makes a chip? Ex-Wall Street CEO Dylan Jovine calls this "the easiest windfall from the AI revolution." Even ChatGPT founder Sam Altman says AI depends on this company's work...

Trump's Fortune Skyrockets With $4B Stake In Trump Media & Technology Group

The net worth of former President Donald Trump has seen a significant increase, largely attributed to his $4 billion stake in the Trump Media & Technology Group.

The Mysterious VC Firm Behind Nvidia's Secret Weapon - Ad

In 1999, Sutter Hill Ventures made a bold bet on Nvidia before anyone had heard of it. Now, they're going all-in on Nvidia's hush-hush partner that's powering their new Blackwell chip. Discover the little-known company that's attracting massive investments from the visionaries behind Nvidia's 100,000% rise.

'Trump Whale' Losing Grip On Polymarket Odds? Economist Justin Wolfers Wonders What's Behind The Latest Change

Influential economist Justin Wolfers noticed a significant shift in prediction market odds at Polymarket, sparking speculation about the declining influence of a whale heavily betting in favor of former President Donald Trump.

Taiwan wants to join the IMF to get financial protection from China

WASHINGTON (AP) — Taiwan, a major economy the size of Poland but absent from global organizations, is making a longshot push to join the International Monetary Fund, the 190-country organization that offers members emergency loans and other financial assistance.

Silicon Valley Insider Reveals AI Retirement Playbook - Ad

Jeff Brown, who recommended Nvidia in 2016, is sharing his full blueprint to help you retire comfortably using AI investments. Follow his strategy for a secure financial future.

Kamala Harris Urges Change At Ellipse Rally: 'Time To Turn The Page On Drama And Conflict'-- Slams Trump For Jan. 6 Riots

Vice President Kamala Harris addressed an estimated crowd of 75,000 at the White House Ellipse, calling for a new political era beyond Trump, emphasizing unity, economic reform, and her vision for a potential presidency.

Are You Aware of the Fed's Secretive New Move? (Not Cutting Rates) - Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates. According to Dan Ferris, you should consider moving money to a unique "escape" investment right away.

Boeing workers will vote on a new contract offer to end 7-week-old strike

SEATTLE (AP) — The union representing striking Boeing factory workers says members will vote Monday on a new contract offer from the company that provides slightly bigger wage increases than an offer that was rejected last week.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service