© Reuters DOGE and BTC heading to the literal moon, Bitcoin made history with this bullish pattern, 546 billion SHIB withdrawn from Binance: U.Today's Crypto News Digest
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and head to the moon with an epic rocket launch
Yesterday, January 8, Dogecoin (DOGE) and Bitcoin (BTC) literally reached the moon. According to the Dogecoin Foundation, United Launch Alliance launched its Vulcan Centaur rocket carrying the physical replica of Dogecoin, among other cargo, including the Astrobotic Peregrine lunar lander, a vital component of NASA's initiative. At the same time, the BitMex exchange, in collaboration with its founder Arthur Hayes, will send Bitcoin on the same lunar voyage. DOGE and BTC's journey to the moon is planned to take place in nine stages, from the initial launch to a high elliptical orbit and landing on the lunar surface.
Bitcoin (BTC) Just Made History With This Bullish Pattern
According to Barchart, Bitcoin won yesterday. For the first time in its history, the largest cryptocurrency by market capitalization has formed a “golden cross” pattern on its weekly chart. Traditionally, this pattern is interpreted as a positive sign, indicating the possibility of an imminent sustained uptrend. However, it is important to note that the “golden cross” can occasionally act as a lagging indicator. By the time the crossover occurs, the market may have already factored in the bullish sentiment; As a result, the pattern confirms an established trend rather than signaling the beginning of a new one.
Huge 546 Billion (SHIB) Withdrawn from Binance as Whales Capitulate
Data from on-chain analytics platform Spotonchain reveals that 546 billion SHIB worth around $4.93 million from Binance per one SHIB whale. This transaction adds to the series of Binance withdrawals that have occurred over the last month and a half. During the said period, five whales, speculatively including Tron founder Justin Sun, have withdrawn 2.742 trillion SHIB worth around $25.2 million from Binance. Although the reason behind Binance's 546 billion SHIB withdrawal is unknown, some possible suggestions are: The whale could be moving the SHIB to a different wallet or exchange or preparing to stake or burn the SHIB to earn rewards or reduce supply. total.
This article was originally published on U.Today.
