💎 Your Exclusive Weekly Crypto Insight! (30 March 24)

Sponsored by

Today’s Newsletter is Brought to You by The Rundown AI

It’s Time to Make Artificial Intelligence WORK FOR YOU! 🤖

Read by professionals at Apple, OpenAI, NASA, and many others, The Rundown AI is going to tips and tricks to use AI to your advantage!

It only takes 5 minutes to stay ahead!

Click below and join 500,000+ early adopters! 👇

Stay up-to-date with AI.

The Rundown is the world’s fastest-growing AI newsletter, with over 500,000+ readers staying up-to-date with the latest AI news and learning how to apply it.

Our research team spends all day learning what’s new in AI, then distills the most important developments into one free email every morning.

Sign up with one click.

Welcome back to Bull Market Bytes, your weekly cryptocurrency insight where we continue to count down the days to the Bitcoin halving…

Only 20 more days to go!

And afterwards…we wait another 4 years for the next one. 😅

Exciting topics for this week!

📰 Coinbase Futures Launching

😮 Litecoin ETF Next?

📌 Bull Market Bulletin

📚 Weekly Lesson: Averaging

Fun Fact of the Day 🤓

Are you a top holder of Bitcoin? 🤔

Did you know that the maximum number of Bitcoins to ever exist is 21 million? And that the current world population is about 8,100,289,834 people?

Why are we stating these random facts? 😂

Because, if Bitcoin were spread across the world, each person would only receive .0026 of a Bitcoin…

So, we ask again…are you a top Bitcoin holder? 👑

Take a look at the chart below and see how many other people in the world own as much Bitcoin as you do!

Fun 5-minute read! 👇

How Many People Own Bitcoin?

Coinbase Futures 📈

Ever since the spot Bitcoin ETFs were approved and launched, we are seeing more companies and investors join the fun! 🎉

Recently, Coinbase announced that they would also be offering Futures trading for three more cryptocurrencies!

So, what exactly is Futures trading? 🤔

This type of trading involves buying or selling contracts that will be bought back or sold at a predetermined time…hence the “future” part.

And who are the lucky winners you may ask… 🎲

Bitcoin Cash, Dogecoin, and Litecoin!

Some are thrilled with this selection…others not so much… 😅

Bitcoin Cash is a hard fork from the original Bitcoin protocol.

Normally, Bitcoin maximalists are not too friendly about Bitcoin Cash. 😬

Dogecoin is the original meme coin that rocketed shortly after Elon Musk showed his endorsement a few years ago. 🐕

Now, to Litecoin. The second crypto ever developed in 2011, it is the most used crypto for transactions according to Bitpay at 41.76% for February!

Bitcoin is 24.36%
Dogecoin is 6.8%
Bitcoin Cash is 5.59%.

In the last month, we are seeing strong movement…with more to come? 🤷‍♂️

Bitcoin Cash - $BCH = 105.13%
Dogecoin - $DOGE = 89.48%
Litecoin - $LTC = 37.97%

🧠 Don’t Forget! The Bitcoin Cash reward halving occurs in less than 3 days!

And yes…Bitcoin is not the only cryptocurrency that has a reward halving.

Click below to see a full list, maybe you will find a hidden gem! 💎

📰 List of Crypto Reward Halvings

With the release of the upcoming Futures along with the reward halving days away, this is creating the perfect storm for Bitcoin Cash. 📈

We are also seeing movement from the other hard fork protocol, Bitcoin Gold, which is up 74.66% this month!

April is going to be a huge month! 🚀

Bitcoin Reward Halving
Bitcoin Cash Reward Halving
Coinbase Futures Release
Possible Bitcoin All Time High

Litecoin ETF Next? 😮

The release of the upcoming Coinbase Futures is leading to a lot of hype, and specifically for Litecoin.

Now, speculation has begun that an ETF for Litecoin will begin in the near future.

Taking a look at the chart below, the Litecoin Trust by Grayscale ($LTCN) has increased substantially… and when we say substantially…

In just one year it has increased by 979%! I can feel the downpayment for a Ferrari coming soon! 😎

So, what is so special about the Grayscale Litecoin Trust for this type of movement? 🤔

Well…there isn’t any other options at the moment… It isn’t like the spot Bitcoin ETF where they are a dozen options.

Grayscale holds a monopoly and people are storming to get their share. This could also be converted into the first Litecoin ETF.

Could Litecoin be a hidden gem…or even the Litecoin Trust? 💎

After what you have read, let us know what you think about the Litecoin ETF possibility below! 👇

Bull Market Bulletin 📋

Click below to read more! 👇

ARK 21Shares’ Bitcoin ETF Hit $200M in Daily Volume. This ETF has become the third Bitcoin ETF to cross this mark in a single day, right behind BlackRock’s $IBIT and Fidelity’s $FBTC.

Crypto’s Super Villian is Going to Jail for 25 Years! After all of the drama and heartache, Sam Bankman-Fried, the mastermind behind the FTX fallout, has been officially sentenced.

Grayscale’s Proof of Stake Investment Fund…Millionaires Only! Are you a millionaire? 💰 If so, Grayscale has the thing just for you and it won’t be regulated by securities laws.

Hackers are Teaching Video Game Cheaters a Lesson! Hundreds of thousands of gamers are being affected by a hacking group that is using malware to steal their Bitcoin holdings.

This Meme Coin is Gaining Traction and Breaking Barriers. Dogwifhat (current market cap at $4.1 billion) has become the third largest meme coin by market capitalization, right behind Dogecoin and Shiba Inu.

Dollar Cost Averaging 📚

There are many types of traders when it comes to cryptocurrency or even the stock market.

The primary types are shown below:

Day Traders - Entering and exiting a trade within a single trading day (for the stock market) or 24 hours (for crypto).

Swing Traders - Entering a trade that will last from a few days to a few weeks.

Long Term/HODLers - Entering a trade and holding it for months or even years…also known as diamond hands! 💎🖐️

📰 Review our lesson over trading styles here!

For this lesson, we are covering more into the long-term holders as someone may buy more over time to add to their position.

🔑 This is the key! When adding to a position, you do not want to substantially increase your overall average price or cost.

For example: If a crypto is bought at $1 each and $5 worth is purchased, the average is $1.

If the asset increases to $2, and someone buys another $5 worth, then they would only receive 2.5 coins. 😯

Now, instead of the $1 average, it has increased to $1.33.

⭐ The average price is important because it determines where your profit begins…or even the losses.

What does this mean? 🤔

If the asset now goes below the $1.33 average, someone would be red in the trade compared to having the $1 average they had before.

However, it can be viewed from the other side. 😊

If the asset decreases in value, and someone purchases more, they are actually lowering their cost average.

Interested to learn more, be on the lookout for next week’s newsletter!

Ready for your Lesson Review?

📚 Make sure to review the lesson above before answering!

Question: Why is the average price so important?

Your feedback is very important to us! ❤️

Please let us know your thoughts below!