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- 🦉 BTC Up 3% After Topping $73K
🦉 BTC Up 3% After Topping $73K
Coinbase x Visa for Real-Time Crypto Deposits, Harris vs. Trump: Who’s The Crypto Industry Backing? and More!
Traci Smith & Mike Cullison
October 30, 2024
GM 🦉 Bitcoin is rolling and so are we! Dive into your 5-minute recap of what has been happening.
In Today’s Crypto World:
BTC Up 3% After Topping $73K ✅
Coinbase x Visa for Real-Time Crypto Deposits ⚡️
Harris vs. Trump: Who’s The Crypto Industry Backing? 🤔
Gainers & Newbies 👀
Fantastic Four & More 4️⃣
BTC: Spent Output Profit Ratio 🔬
DEGEN PLAYS
GAINERS & NEWBIES 👀
*Market insights are updated daily.
VEVE & NFT
FANTASTIC FOUR AND MORE 4️⃣
CHART OF THE DAY
BTC: SPENT OUTPUT PROFIT RATIO 🔬
Spent Output Profit Ratio (SOPR) tracks the profit level of all moved bitcoins during a given period. It indicates whether sellers are in profit or loss when their transaction takes place on the blockchain.
Spent Output Profit Ratio (SOPR) is useful because it provides a snapshot of actual market participant behavior during a specific period. It can therefore act as a useful market sentiment tool.
If significant losses are realized (i.e. SOPR is negative) and those losses increase over time, then that tells us that market participants are fearful and expect the price of Bitcoin to drop further.
In Bitcoin bull markets, such periods can be opportunistic times to buy for the astute investor, depending on other supporting data points.
OWL’S EYE VIEW
CRYPTO VIDEO SPOTLIGHT - PUMP & DUMP 🔦
HOOT’S OF ENLIGHTENMENT
WHAT IS XMR? 💡
Monero (XMR) is one of the most respected cryptocurrencies for privacy-focused users. Unlike many other coins, Monero prioritizes complete anonymity, making transactions virtually untraceable.
It uses advanced cryptographic techniques, such as Ring Signatures, Stealth Addresses, and Ring Confidential Transactions (RingCT), to ensure that sender, receiver, and transaction amounts remain hidden.
This commitment to privacy sets it apart in a world where transparency is often forced on digital assets.
Additionally, Monero’s mining algorithm, RandomX, is ASIC-resistant, encouraging decentralized mining by individual users. XMR’s strong security features and focus on user privacy have solidified it as a favorite in the crypto community.
OWLGO’S HOOT BUZZ
OWLGO’S HOT X POST 🚀
OWLGO’S LOLS
DAILYMEMES 🤣
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.