Rhythm (RHYTHM) news

Bitcoin's $100K Milestone: A Season Of Growth And Optimism

As the festive season fills the air with anticipation and cheer, Bitcoin's market narrative mirrors the spirit of the holidays: brimming with hope, tempered by uncertainty, and fuelled by the unexpected. With the cryptocurrency crossing the historic $100,000 mark this year, its journey toward uncharted territories feels as electrifying as a countdown to midnight on New Year’s Eve. But amid the lights and festivities, this is not just about numbers—it’s about the story Bitcoin tells as it dances to the rhythm of a changing financial landscape. A Year To Remember 2024 has been a landmark year for Bitcoin. From the launch of long-awaited spot Bitcoin ETFs in January and its fourth halving in April to Trump's re-election in November, the cryptocurrency has evolved from a niche investment to a trendy addition institutional portfolios. Wall Street's embrace of Bitcoin has been particularly striking, with $3.85 billion flowing into digital asset funds just last week. BlackRock’s iShares ETFs accounted for a staggering $3.2 billion of this, underscoring the growing demand for exposure to Bitcoin’s potential. Source: CoinShares These numbers are significant, but they also carry a note of caution. Despite the inflows, Bitcoin has found itself grappling with sell-side pressure from long-term holders, who have offloaded 827,783 BTC over the past month. This duality—intense demand on one side, steady liquidation on the other—paints a complex picture of Bitcoin’s journey into the festive season. In many ways, Bitcoin's narrative reflects the festive spirit. The holidays bring a sense of collective optimism, much like the crypto market’s shared hope for a brighter future. Yet, this time of year also invites reflection, i.e. a moment to pause and assess where we've been and where we're headed. For Bitcoin, this moment is significant. The cryptocurrency’s rally past $100,000 was not simply a triumph of price but a milestone in its maturation. As Steven McClurg, CEO of Canary Capital, suggests, Bitcoin is entering a phase where it will align more closely with macroeconomic cycles. This shift represents a departure from its earlier, more speculative days. Events like the upcoming Federal Reserve meeting and the release of November's Consumer Price Index (CPI) data will likely have a significant impact on Bitcoin's short-term prices. These developments show how deeply entwined Bitcoin has become with traditional financial systems despite its revolutionary nature. A Festive Balancing Act The festive season is traditionally a time for indulgence, celebration, and also for balance and moderation. Analysts note that realised profits have dropped by 76% since Bitcoin's climb toward $100,000 began, signalling a significant cooling of sell-side pressure. This easing could pave the way for more stable price movements as we approach the end of the year. Source: Glassnode At the same time, the market's volatility remains a key feature of its identity. Glassnode’s James Check points out that existing holders continue to exert immense sell-side pressure, creating a delicate balancing act between new demand from ETFs and persistent profit-taking by long-term investors. Yet, much like the holidays, where moments of chaos often give way to magic, Bitcoin's volatility holds the promise of surprises. Whether it’s a surge driven by institutional momentum or a stabilisation as the market digests recent gains, the festive season is poised to be another pivotal chapter in Bitcoin’s story. We are also expecting a time of transformation with endings and new beginnings. This is particularly true for Bitcoin in 2024. The cryptocurrency has not only broken price records but also reshaped its role in the global financial ecosystem. Donald Trump's victory in the U.S. presidential election and his appointment of Paul Atkins as the incoming SEC Chair have sparked renewed optimism for the industry. Atkins' pro-crypto stance is expected to bring regulatory clarity and potentially pave the way for more innovation and adoption. For an asset that began as a decentralised experiment, this institutional embrace marks a profound evolution. The Gift Of Perspective Whether Bitcoin surges to new heights or consolidates around $100,000 as the year comes to a close, its story is far from over. The festive season invites us to celebrate progress while preparing for what's ahead. For Bitcoin, as for the holidays, this is a reminder that the best gifts are often those that unfold over time. As we toast to the season, Bitcoin’s journey serves as a fitting metaphor for the spirit of possibility: unpredictable, exhilarating, and ultimately transformative. In the world of finance and beyond, this holiday season, Bitcoin stands not just as an asset but as a manifestation of the power of innovation and belief. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

GMMEME Joins Bitget Futures: Your Ticket To The Memecoin Market's Heartbeat

Step into the rhythm of crypto culture with GMMEME, the new perpetual futures contract on Bitget that connects traders to the viral culture of memecoins. GMMEME channels the humour, creativity, and community spirit that define this unique market and transforms these cultural icons into powerful financial opportunities. Designed for those who see beyond fleeting trends, GMMEME offers a direct line to the heart of memecoin momentum, where strategy meets the dynamic pulse of digital innovation. What Makes GMMEME More Than Just Fun? Curated by GMCI, the GMMEME Index tracks the top-performing memecoins to combine their viral appeal with data-driven insights. With Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) leading the pack, the index captures the essence of memecoins: engagement, volatility, and a pinch of chaos. These assets, born from internet culture, are now shaping real-world financial decisions while evolving from niche tokens into market phenomena. But why stop at owning memecoins? With the GMMEME perps, Bitget empowers traders to leverage their insights on this high-energy sector, navigating it with tools built for precision and flexibility. Whether you’re bullish or bearish on memes' staying power, GMMEME gives you the vehicle to turn sentiment into strategy. Why GMMEME Perps Are Your Next Move Memecoins are the pulse of crypto culture—a space where humour meets boldness, and collective imagination sets the pace. However, trading these assets directly can be fragmented and require constant recalibration of positions. GMMEME perpetual futures consolidate that complexity into a single, robust instrument. Here’s why GMMEME on Bitget stands out: - A dynamic index, built for agility: The GMMEME Index is rebalanced monthly to reflect market trends and new viral sensations. This ensures that your exposure stays fresh and aligned with the movements of the top memecoins. No more worrying about chasing individual tokens—this index does the work for you. - High leverage, maximum opportunity: With up to 10x leverage, GMMEME perps turn your calculated risks into amplified rewards. This isn’t about gambling; it’s about precision. Bitget’s perpetual contracts allow you to take full advantage of the memecoin market’s inherent volatility to turn momentary price movements into substantial opportunities. - Control meets flexibility: Unlike delivery contracts, perpetual futures remove expiration dates so that you have the freedom to dictate your exit strategy. Whether you’re holding on for the next viral surge or closing positions on sharp downturns, GMMEME gives you control over your narrative. - Deep liquidity for smooth execution: In a market as volatile as memecoins, liquidity matters. Bitget ensures that every trade, no matter the market conditions, is executed with precision. The absence of slippage, even during high-volume trading, ensures that your strategy isn’t compromised by technical limitations. Why Act Now? Because Memes Don't Wait. It’s tempting to dismiss memecoins as fleeting novelties, but they represent something much deeper. These assets have redefined what it means to engage with finance in the digital age. They are proof that community, humour, and culture can generate tangible economic value. By trading GMMEME futures, you’re not just entering a market; you’re engaging with a movement. You’re betting on the resilience of a cultural phenomenon that has already shown its ability to adapt, grow, and surprise. Memecoins thrive on momentum. Their lifeblood is attention, and their market movements can be swift and explosive. Missing out isn’t just about losing potential profit—it’s about being left behind as others shape the narrative. With GMMEME futures, you’re not only participating in the moment; you’re strategically positioning yourself to ride its waves, whether they rise or fall. Bitget’s platform takes this to another level with its world-class interface that is tailored for traders who demand the best. Advanced charting tools, real-time data, and seamless execution are just the starting points. What truly elevates this experience is the ability to trade memecoins at the same calibre as blue-chip cryptocurrencies to merge whimsy with expertise. The Future Is Now In a market that never sleeps, timing is everything. The launch of GMMEME on Bitget Futures is your signal to act—not tomorrow, not next week, but now. With the right tools, strategies, and a platform designed to amplify your capabilities, this is more than a trade; it’s an invitation to shape your place in one of the most dynamic corners of the crypto landscape. The joke’s on those who wait. Trade GMMEME on Bitget Futures today!

TIME (TIMESOL): The Magic Of Timely Investments

What is TIME (TIMESOL)? TIME (TIMESOL) is the ultimate memecoin on the Solana blockchain that is designed to capture the essence of timely investments. Inspired by Dr. Strange, the master of time and dimensions, TIMESOL embodies the scarcity and preciousness of every second. Imagine a clock nestled within Dr. Strange's robe (that happens to be the project's mascot, too!), ticking with the rhythm of the universe, guiding you through the ever-shifting sands of the crypto world. For travellers of dimensions and time, TIMESOL thrives on exclusive, time-sensitive opportunities and serves as a reminder that every investment move is as precise and impactful as the sorcerer's own manipulation of the fabric of time. It captures the philosophy that the most valuable commodity is not gold, not land, but time itself, and encourages all of us to make every second count in the world of crypto investments. How TIME (TIMESOL) Works Embracing the Essence of Time TIMESOL's philosophy is simple: the right time for every move. It aims to make every transaction timely and precise so that no moment is wasted in the crypto journey. TIMESOL is revolutionary because it introduces the Proportional Refund Crowdsale (PRC) mechanism, which is meant to ensure fair and equitable distribution even if the presale cap is exceeded. This mechanism guarantees that every participant is fairly rewarded based on their investment. Proportional Refund Crowdsale (PRC) Mechanism The PRC mechanism is a unique approach to token distribution. If the presale exceeds the hard cap of 111,111 SOL, investments above the initial 40,000 SOL will be refunded proportionally. This guarantees fairness and maintains the integrity of the token's value. Participants receive tokens according to their investment amount, and any excess SOL is refunded, preventing oversubscription and ensuring equitable access to TIMESOL. Anti-Manipulation TIMESOL is built to resist market manipulations for a transparent and fair trading experience. No partners or KOLs will receive free token allocations that could disrupt price discovery, therefore the community always has the upper hand. The in-house market-making activities and sniping protection further safeguard against external manipulation and help maintain a stable and predictable market environment. This focus on anti-manipulation directly contributes to fair distribution, as it prevents any single entity from unfairly influencing the token's price or availability, thereby maintaining a level playing field for all investors. Time-Limited Deals TIMESOL offers exclusive, time-sensitive deals for investors to maximise their gains within specific timeframes. These opportunities are designed to capitalise on market movements, giving TIMESOL holders a unique edge. The limited duration of these deals creates a sense of urgency that motivates timely investments and rapid market participation. By structuring deals within specific time windows, TIMESOL ensures that all participants have an equal opportunity to take advantage of these offers and so supports a fair distribution of potential gains among the community. Timenomics The total supply of TIMESOL is 777,777,777,777 tokens with a strategic allocation plan for maximum liquidity and most efficient marketing and development purposes. This structured approach, combined with the PRC mechanism, ensures a balanced and sustainable ecosystem. With this Timenomics, holders can count on the maximisation of TIMESOL token's value. TIMESOL Goes Live on Bitget TIMESOL is the next memecoin on the Solana to watch for, since it epitomises the value of timely investments and places high value on fair distribution. TIMESOL's innovative approach guarantees that every moment in the crypto space counts, making it a must-have for punctual investors - especially Bitget investors, because why? Bitget is proud to be the first CEX to list TIMESOL and gives our users the distinct first-mover advantage. How to Trade TIMESOL on Bitget Listing time: July 25, 2024 Step 1: Go to TIMESOL/USDT page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade TIMESOL on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Beginner Crypto Trading Strategies Worth Considering

Given the market conditions, it is less obvious to start now than a few months ago. The questions are: when do you buy, and what do you buy? We will introduce you to some fundamental technical analysis to get a handle on basic trading techniques. We put ourselves in the shoes of a beginner who would discover cryptos and would like to start with $100. Copy trading When you read articles, YouTube videos, or any other content created by someone else, it can be tempting to copy it as a beginner. Indeed, these people seem more relevant than you because you don't know anything about them. In fact, this can be a mistake because there is a certain amount of information that we don't know when we copy the person. Here is some information to gather if you want to start copy trading: Why does the person I copy buy? What is its level of competence and success? What is its time horizon? Does he have the same risk tolerance as me? What is its level of ethics? Instead of randomly following a person, we recommend you use Bitget copy-trading. Here is an article that will help you get started with this solution. Once you start following someone, we recommend that you study their performance. This will allow you to answer the questions we asked earlier and also to understand which moves you might be comfortable with if you were the trader or, on the contrary, which ones you don't feel comfortable with and avoid. Another suggestion for copy-trading fans: Bitget Insights! Bitget Insights is a feature that allows high-quality traders to share their professional opinions publicly to help their fellow traders and earn more followers on Bitget Copy Trade. DCA (Dollar-Cost-Averaging) Even though we are in a particularly unstable moment and a bear market for a few months, it is essential to always start from the "worst-case scenario." What happens in the worst-case scenario? Often the answer to the question is: we lose our entire investment. So, try to evaluate the different scenarios and assess the risks you are willing to take. Try to know how you will react when your portfolio has dropped by 10%, 20%, 30%, etc. The reverse is also true when you see your portfolio explode upward, how will you react? Assume that the cycles last four years and follow the rhythm of the Bitcoin halvings. However, we recommend setting yourself the longest possible horizon, and if you can project yourself over four years, keep yourself from doing so. Build a Well-Balanced Crypto Portfolio We have written an article about that topic, if you have not read it yet, it is a strong basis to start with. The goal is to really not rush into anything. We're in the middle of an economic crisis, which can continue for a long time. We recommend that you take your time to invest and think carefully about your positions. If you wish, spread your investment over time. If you don't know how to trade, the price doesn't matter, and you can have fun buying on deep retracements. If you are just starting out in trading, force yourself to do paper trading during the period of your choice. In parallel, do DCA and invest, for example, $100/month at a fixed date. Keep a long-term view of this market, and don't let your emotions get the best of you at any time, set a plan and stick to it. Learn the crypto technical trading analysis Knowing when to sell and when to buy comes down to knowing the basics of cryptocurrency trading. Here is our introductory article for beginners in trading: knowing the trading indicators, the patterns, and how to read a chart. Let's go to Bitget and start studying the interface. The first important element will be to understand how a chart works and especially to know how to read the candles: The "1W" represents the time scale, in this case, weekly, and "W" for "Weekly". Each blue candle represents a week in which the price rose, and each red candle represents a week in which the price fell. Then, a little further down on the interface, you will find the volume, which is super important to study too: The volume represents the total amount of transactions made over the study period. Always the same color code, when you see a blue bar, it is that the buyers were more numerous in volume than the sellers, and when you see a red bar, it is that more people sold than bought. Why is this important? Because the more volume there is, the more action there is. Fundamentally, volume can also be used to determine trends. A decrease in volume and an increase in price may indicate a future decrease in price. Conversely, a decrease in price coupled with an increase in volume may indicate an increase in future prices. We won't go into the patterns in detail but just know that in trading there are many patterns. These patterns are defined thanks to supports and resistances, concepts explained in our article: Trading101: A Beginner's Guide to Cryptocurrency Trading Strategies. There are upward and downward trends in this or that pattern. To know everything about how to read candles and understand the main patterns, here are our two articles on this subject: How to read candlestick charts (Volume 1) (Volume 2). You can also learn about seven assumptions and principles for technical analysis in this article: Trading 101: Technical Analysis Explained. Conclusion Trading is not an exact science but rather one of probability. Something essential to remember when starting out in trading is not to go against your instincts and emotional type. Each person has their own personality and trading will bring out some of your character traits, so it is essential to know yourself well and respect your emotions. Don't let your emotions take over, but listen to them carefully, because acting against your values and emotions will lead to the worst decisions. The difficult thing about trading is that if you listen totally to your emotions, your decisions will be bad too. So, as with many things in life, it's about finding the right balance. Not a Bitget user yet? Sign up today for more insights and receive a $5005 reward!Disclaimer: This article is for educational purposes only and is not intended as investment advice. Qualified professionals should be consulted prior to making financial decisions.