by Penny Angeles-Tan | Oct 30, 2024 | Food & Beverage
The Manila Hotel presents its hauntingly good Halloween-themed cookies and cocktails just in time for the spookiest night of the year.
Get into Halloween spirit with our frightfully delicious cookies—ghosts, bats, and jack-o-lanterns — baked to perfection and a touch of spooky flair.
These limited-edition treats are the perfect addition to any Halloween celebration. Enjoy a set of 6 pieces for ₱225 net or 12 pieces for ₱350 net, available at the Delicatessen until November 5, 2024.
Creepy Concoctions to Sip if You Dare
For those who like their thrills shaken or stirred, The Manila Hotel’s Halloween cocktails are a must-try. Sip on bewitching blends inspired by haunted tales.
The Goblin offers a wicked mix of rum, melon-flavored liqueur, coconut-flavored liqueur, and pineapple juice, while the Bacardi Zombie unleashes one’s adventurous side with a mix of rum, lime, orange, and cherry.
Both are priced at ₱390 net each, and these spellbinding concoctions are sure to cast a delightful spell. Available at the Lobby Lounge, Tap Room, and Pool Bar until October 31, 2024.
Special Treats for the Kids
To add sweetness to the Halloween dining experience, junior guests will receive complimentary candy treats during dinner time from 6:00 PM to 10:00 PM on October 31, 2024. All restaurants will be open and fully operational during the Halloween weekend, including November 1, All Saints’ Day.
For inquiries, call +632 8527 0011 or +632 5301 5500 or email re************@************el.com.
The Manila Hotel is located beside kilometer zero (0), where the City of Manila begins, and is within walking distance from the Philippines’ known landmarks: Rizal Park, Intramuros, and National Museums. Defined by its history, elegance, and world-class service, The Manila Hotel is the choice hotel for the most distinguished clientele.
Since 1912, The Manila Hotel has continuously provided the best services and amenities for a truly memorable experience.
It has more than 500 well-appointed rooms and 22 function rooms, including three (3) ballrooms. Apart from these, the hotel offers five-star relaxation and wellness experiences with the Manila Hotel Spa, adult and children’s pools, and the Manila Hotel Health Club.
The hotel is home to the Heritage Museum, a treasure trove of priceless memories that narrate its illustrious past. It also has an Art Gallery that offers a window into a contemporary world, captured through the objective point of view of different artists. It has six (6) dining outlets, each offering a unique culinary adventure:
- Café Ilang-Ilang, which is a favorite spot for its extensive selection of international buffet delights;
- Champagne Room, with its Old European style fine dining and also hailed as the most romantic room in Manila — it features European cuisine in a posh, fine-dining setting;
- Tap Room, an Old English pub-inspired outlet where one can enjoy an evening of live music;
- Lobby Lounge, which is ideal for casual dining, aperitif, post-dinner nightcaps, or leisure meetings;
- Red Jade is a fine-dining restaurant that serves authentic Chinese cuisine;
- and Delicatessen offers the hotel’s signature pastries, bread, chocolates, and pralines.
by Penny Angeles-Tan | Oct 27, 2024 | Business
Bitcoin futures open interest hits record high! In-depth analysis of its impact on the price of Bitcoin and the cryptocurrency market as a whole. Learn the risks and opportunities of Bitcoin futures trading.
Bitcoin futures trading, as per a report from Coinglass, has hit a new record high with open interest (OI) reaching $40.5 billion on October 21. These trades are carried out by various global crypto exchanges.
This article will provide detailed information regarding market analysis and the Bitcoin futures trading process. That way, you can do personal research before investing.
Bitcoin Hits $70,000
The increase in open interest coincides with Bitcoin price approaching $70,000, more precisely $67,027 with an increase of +0.50%. Open interest refers to the total value or number of futures contracts that have not yet expired. It serves as a leading indicator of market activity and investor engagement in Bitcoin derivatives.
An increase in OI can signal increased leverage in the system, potentially leading to greater market volatility. Periods of high open interest can cause significant market movements, especially when prices shift sharply. Such conditions can trigger chain liquidations, resulting in forced selling in the spot market and causing a sudden drop in Bitcoin prices.
A similar event occurred in August when Bitcoin prices plunged nearly 20%, dropping below $50,000 in just two days. On October 21, Bitcoin hit $69,380 in early trading but faced resistance, pulling back to around $69,033. As of now, the cryptocurrency is still 6.4% short of its record high of $73,738, according to CoinGecko.
Additionally, altcoins such as Ethereum and Solana have outperformed Bitcoin in recent daily gains. Ethereum naik by 3.5%, reaching $2,750, while Solana saw a 6% gain, nearing $170. Both assets have seen a slight decline from recent record highs.
Ethereum and Solana Rally as Bitcoin Dominates
While Bitcoin has been making headlines, this has not been the case for newer altcoins like Ethereum and Solana with daily gains. Ether rose by 3.5 percent to $2,750, meanwhile, Solana rose more than 6 percent to $170. Both assets have pulled back slightly from recent record highs.
The combined dynamics of the bitcoin and altcoin markets add a layer of complexity as altcoin performance can be impacted. Bitcoin may be the star, but investors are increasingly bullish on altcoins to increase returns. As the market grows, so does interest in alternative digital assets.
However, with Bitcoin futures open interest rising, altcoins also have risks to worry about. If Bitcoin prices swing wildly, so can altcoins. For this reason, market participants should continue to check Bitcoin and altcoins for possible price movements in the coming weeks.
US Election Triggers Bitcoin Surge Amid Uncertainty
The US presidential election drove Bitcoin’s recent surge. Before November 5, market players considered how the election results might affect the cryptocurrency market. Donald Trump’s increasingly crypto-friendly policies paved the way for Bitcoin, which has increased its poll numbers and lifted Bitcoin.
Under the Trump administration, higher US interest rates could boost Bitcoin by weakening other currencies, according to market analysts. ‘The fact that the dollar has been strong is a factor in recent market moves, prompting traders to look for ways to hedge currency risks.’
Traders are now considering whether to prepare for election-related trading, as with 15 days until voting day, they can make that decision.
Bitcoin Prospects
Bitcoin has seen its price drop in recent weeks. This is largely due to the bearish sentiment in the cryptocurrency market as a whole. However, some special factors have also influenced the price of Bitcoin.
One of these factors is the increase in mining activity. When more miners join the Bitcoin network, this can increase the supply of new BTC. Increased supply could put downward pressure on prices.
Even though Bitcoin has experienced a price decline in recent times, many analysts are still bullish on its long-term prospects. Bitcoin was the first cryptocurrency and is still the most famous. This platform has a strong ecosystem and continues to grow.
One factor supporting Bitcoin’s prospects is the increasing adoption of blockchain technology. The more companies and organizations start using blockchain, the more likely it is that Bitcoin will become the platform of choice.
Additionally, Bitcoin is developing several technical improvements that could increase its efficiency and scalability. This can increase the interest of users and investors.
Bitcoin Futures Trading Strategy and Risks
If you are interested in trading Bitcoin futures, there are several strategies you can use. One strategy is to use technical analysis to identify trading opportunities. Technical analysis involves studying price charts to look for patterns and trends.
Another strategy is to use fundamental analysis. Fundamental analysis involves studying factors that can influence the price of Bitcoin, such as mining activity, transaction costs, and technological developments.
Bitcoin futures trading can be very risky. Leverage can magnify both profits and losses. It is important to understand the risks before starting to trade.
Conclusion
Bitcoin is an attractive digital asset with long-term growth potential. However, like all investments, Bitcoin futures trading also carries risks. It is important to do research and understand the risks before starting to trade.
Bitrue has various features that you can use to do in-depth research before investing. You can check prices in real-time, check converting from BTC to USD easily, to find out about the latest BTC projects that are being carried out through the latest articles on the Bitrue blog.
by Penny Angeles-Tan | Oct 26, 2024 | Business
Ethereum experiences a price drop. This article will provide an in-depth analysis of the factors influencing the price of ETH, including short-squeeze, institutional flows, and long-term prospects.
Ethereum (ETH) experienced two consecutive days of declines on Tuesday, October 22, after facing rejection at levels around $2,700 the previous day. The decline was supported by mild outflows of over $20 million in US spot Ethereum Exchange Traded Funds (ETFs).
Moreover, the Estimated Leverage Ratio is high in the market futures ETH indicating an increased likelihood of a short-squeeze scenario occurring.
Is it true Ethereum could experience a short-squeeze?
Ethereum may experience a short-squeeze as the Estimated Leverage Ratio (ELR) increases and trades at 0.39 the highest level since early July. This rising ELR indicates that the futures market is overheating making Ethereum vulnerable to a potential short-squeeze event that could trigger impulse buying and significantly push the price up in the event of an unexpected rise.
Institutional flows also fell slightly at the start of the week. According to Coinglass data, US spot Ethereum ETFs recorded mild outflows of $20.80 million on Monday. CryptoQuant’s Coinbase Ethereum Premium Index data shows signs of weakness and remains below neutral levels.
In Ethereum’s case, the metric currently stands at -0.039, below the neutral level of zero. For the Ethereum price to rally, the metric must rise above the neutral value of zero.
Ethereum Price Shows Signs of Weakness
At the time of writing on October 24, Ethereum has continued its price decline to now trade around $2,522. If ETH continues its retracement, it could fall further to retest its daily support level of around $2,461.
The Relative Strength Index (RSI) momentum indicator is showing 31, a very low number because the selling trend is much higher than the buying trend. Currently, ETH can even be considered to be experiencing overselling. With the MACD line continuing to decline, Ethereum is certain to experience bearishness shortly.
Conversely, if ETH breaks the descending trend line and closes above $2,820, Ethereum’s price could rally to retest the next daily resistance at $2,927.
Ethereum Price Analysis
Ethereum has experienced a price decline in recent weeks. This is largely due to the bearish sentiment in the cryptocurrency market as a whole. However, some special factors have also influenced the price of Ethereum.
One of these factors is the increase in mining activity. When more miners join the Ethereum network, this can increase the supply of new ETH. Increased supply could put downward pressure on prices.
Additionally, increasing gas fees have been a concern for Ethereum users. Gas fees are transaction fees paid to miners for processing transactions. When gas fees are high, this can reduce users’ interest in using the Ethereum network, which can hurt the price of ETH.
Ethereum Prospects
Even though Ethereum has experienced a price decline in recent times, many analysts are still bullish on its long-term prospects. Ethereum is the most widely used blockchain platform for decentralized applications (dApps). This platform has a strong ecosystem and continues to grow.
One factor supporting Ethereum’s prospects is the increasing adoption of blockchain technology. The more companies and organizations start using blockchain, the more likely it is that Ethereum will become the platform of choice.
Additionally, Ethereum is developing Ethereum 2.0, which is a major update to the platform. This update is expected to improve Ethereum’s efficiency and scalability. This can increase the interest of users and investors.
Ethereum Futures Trading Strategy and Risks
If you are interested in trading Ethereum futures, there are several strategies you can use. One strategy is to use technical analysis to identify trading opportunities. Technical analysis involves studying price charts to look for patterns and trends.
Another strategy is to use fundamental analysis. Fundamental analysis involves studying factors that can influence the price of Ethereum, such as mining activity, gas fees, and the development of Ethereum 2.0.
Ethereum futures trading can be very risky. Leverage can magnify both profits and losses. It is important to understand the risks before starting to trade.
Conclusion
Ethereum is an attractive digital asset with long-term growth potential. However, like all investments, Ethereum futures trading also carries risks. It is important to do research and understand the risks before starting trading by checking Ethereum prices regularly on the Bitrue website.
You can also compare prices from ETH to USD easily. Apart from that, you can also do thorough research by staying up to date on the latest Ethereum information via the Bitrue blog.
by Penny Angeles-Tan | Oct 25, 2024 | Business
Want to know about the hottest “tap-to-earn” gaming projects? X Empire has launched the $X token! Learn about the airdrop, price predictions, and growth potential of this project.
X Empire, the popular Elon Musk-themed “tap-to-earn” game has launched its $X token on The Open Network (TON) today, October 24th. The game has gained significant traction, attracting more than 50 million players in recent months. Along with the token launch, an airdrop for players will also be held on the same date.
Let’s discuss together about X Empire in detail, starting from the distribution of tokens through the airdrop event, information about the $X token listing, to predictions X Empire price.
Chill Phase: Reset Time to Get Extra Tokens
Previously, the developer announced a delay after completing the mining phase on September 30. In response, they initiated a “Chill Phase” that resets all player progress to zero and allocates an additional 5% of the token supply to incentivize player participation during this short period of play.
In the Chill Phase ending on October 17, players are allowed to earn extra tokens, offering a final chance to collect rewards.
The X Empire team has communicated that airdrop preparations have been completed and players can claim their tokens on various exchanges, including OKEx, Bybit, Bitget, KuCoin, Gate.io, and MEXC.
Through a statement on Telegram, the team indicated that further information regarding the utility of the $X token and its role in the gaming ecosystem will be shared in the coming days.
X Empire Price Prediction
The launch of the X Empire token was followed by a big question, namely about its future price performance. Let’s examine the factors that can influence the price of X Empire.
- Token adoption: The more users who use the $X token, the higher the demand, which can push the price up.
- Project development: X Empire’s success in developing an ecosystem and new features can increase investor confidence and drive prices up.
- Market sentiment: General sentiment in the cryptocurrency market can influence the price of $X. If the overall market is bullish, the price of $X tends to rise.
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Development of blockchain technology: The development of blockchain technology as a whole could affect the value of all cryptocurrencies, including $X.
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Massive airdrop: X Empire uses a phased distribution approach, where early members are rewarded first. This strategy can create hype around the token, potentially driving the price up.
Gradual distribution can also reduce price volatility at launch. User sentiment is currently positive, plus Bitcoin prices are bullish. These conditions could support a good start for the $X price.
$X Token Price Increase Factors
While it is difficult to predict the price of $X with certainty, some analysts are optimistic about its long-term prospects. Several factors that support this optimistic view include:
- Market growth potential: The cryptocurrency market is still relatively new and has great growth potential. X Empire, as an innovative project with a strong community, could be one of the winners.
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Uses of tokens: The $X token has utility in the X Empire ecosystem, which may increase its demand.
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Community support: X Empire has an active and enthusiastic community, which can support the growth of the project.
However, keep in mind that the cryptocurrency market is highly volatile and can experience sharp price fluctuations. Therefore, it is important to do in-depth research before deciding to invest in $X.
Possible $X Token Price Drop
After listing, the price of $X experienced a significant increase. In the first few hours, the token price rose by more than 100%. This shows high interest from investors in the X Empire project.
However, mining phase delays and the unexpected “Chill Phase” disappointed some users. X Empire only provides airdrop access to 6 million players out of a total of 50 million players, potentially causing negative sentiment that could affect prices.
Currently, the price of the $X token is $0.0000567. This price is well below the community’s predicted price, which is $0.0002. However, even though the price is below predictions, currently X Empire has experienced a satisfactory increase, namely 467%.
However, X Empire’s RSI figure is below 50, which means that many token owners are selling $X compared to users who are buying the token.
This is quite natural because it coincides with the distribution of airdrops where the user’s habit is that when they receive an airdrop at a price that does not match predictions, the tokens will be sold, instead of HODLing.
Conclusion
The launch of the $X token is an important step for the X Empire project. While it is too early to judge its long-term performance, its growth potential looks promising.
Investors interested in this project need to monitor developments closely and conduct careful analysis before making an investment decision.
X Empire price predictions in the future are still confusing. Some experts are optimistic and estimate that the token price could reach $0.05 (around Rp. 4.20) by 2030. However, this depends on the steady growth of the crypto market and the success of project development.
Bitrue will continue to provide the latest information about X Empire so you can do in-depth research before deciding investment in token X This. Check the price of X Empire in real-time and find out harga token X to USD so you can allocate investment funds well.
X Empire has also entered Bitrue’s launchpool and there is a competition being held there so you can get maximum profit by investing $X tokens.
by Penny Angeles-Tan | Oct 23, 2024 | Business
Crypto futures trading provides benefit opportunities for users. Understand the mechanism, how it works, and its benefits. This article will also be explained about crypto futures event that Bitrue will hold next month.
The crypto ecosystem offers interesting instruments: cryptocurrency futures trading. These contracts allow investors to bet on the future price of digital assets, without having to actually buy them.
What is the mechanism, how does it work, and the benefits? You can see the detailed explanation in this article. This article will also explain the crypto futures event which will be held next November on Bitrue. So, if you want to maximize profits in the futures crypto with Bitrue, read this article till the end.
Working Mechanism of Cryptocurrency Futures Trading
Futures Crypto resembles futures contracts in general. Both parties, namely the buyer and seller of the contract, agree to transact at a certain price in the future. The asset at stake in these contracts is the fiat value of a particular digital asset. The transaction completion date is also determined when the contract is made.
Crypto futures contracts are traded on various exchanges, including Bitrue which offers Bitcoin and Ether futures contracts on margin.
History of Crypto Futures Contracts
Bitcoin futures contracts were first listed on the CBOE in early December 2017 but were later discontinued. However, in January 2024 the CBOE announced again trading Bitcoin futures contracts and Ethereum with margin. This makes CBOE “the first registered crypto exchange and clearing house in the US to offer both leveraged and spot derivatives trading on a single platform.”
CME also launched Bitcoin futures contracts in December 2017. This contract is traded electronically on the Globex platform and is cash-settled. Bitcoin and Etherium futures contracts are based on the CME CF Bitcoin Reference Rate and the CME CF Ether Reference Rate.
CME also has reference rates for various other crypto assets, although futures contracts for these cryptos are not yet available for trading on their exchange. These reference rates are published for use by traders on other exchanges. Currently, there are 17 crypto asset reference rates, including Bitcoin and Ethereum, 4 DeFi token reference rates, and 3 Metaverse token reference rates.
Benefits of Trading Crypto Futures Contracts
The main advantage of trading Bitcoin futures contracts is that it offers regulated exposure to the cryptocurrency. This is an important point in a volatile ecosystem with wild price swings. In the US, Bitcoin futures contracts on the CME are regulated by the Commodity Futures Trading Commission (CFTC).
This offers a level of trust and protection for institutional investors, who make up the majority of traders in such contracts.
- Simplicity: Bitcoin futures contracts also simplify the process of investing in Bitcoin. You don’t need to create a Bitcoin wallet or place money in a storage and security solution when trading because there are no Bitcoin exchanges. An additional advantage of cash settlement contracts is that they eliminate the risk of physical ownership of volatile assets.
- Safer than Crypto Holdings: Bitcoin futures contracts are relatively safer for dabbling in Bitcoin without getting burned because futures contracts have position and price limits that allow you to reduce your risk exposure to the asset class.
- Position Limits: Position limits differ between exchanges. For example, CME allows a maximum of 8,000 front-month futures contracts for Bitcoin and micro Bitcoin, and 8,000 for Ether and micro Ether.
Considerations When Trading Crypto Futures Contracts
The number of crypto exchanges offering crypto futures contract trading continues to grow, as does the number of participants and trading volume compared to other commodities. Trading crypto futures contracts has its peculiarities, such as:
- Trading volume in crypto futures contracts can mimic the volume of their spot market counterparts. Price fluctuations can also be high, especially during periods of price volatility. During these times, crypto futures contracts may appear to follow spot market prices or trade at a significant premium or discount to spot prices.
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Most exchanges are irregular. However, Some trading venues, such as CME, trade crypto futures contracts mostly on unregulated exchanges. Among the world’s largest platforms for Bitcoin futures contracts, only CME is regulated by the CFTC.
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Crypto futures contract options is a relatively new development. It functions like a standard options contract in that it represents the right, not the obligation, to buy cryptocurrency at a certain price at a future date.
Maximizing Profits in Cryptocurrency Futures Trading with Bitrue
Bitrue will hold a special event for crypto futures in the next month. There are two categories that you can choose, namely:
1. Liquidation Security for New Futures Users
This category is specifically for new Bitrue users at the time the event takes place. To participate in this category, you must open futures positions worth 100 USDT or more in any currency pair during the event period with a leverage of less than 20x.
Later, you will get additional prizes by inviting friends to take part in this event. The rewards you can get are more than 40% rebate commission and 10 USDT in futures trial funds.
2. Trade Futures And Claim 25 USDT Futures Trial Funds
This second category can be participated by new users and existing Bitrue users. New users are required to trade with amounts more than 100 USDT in their first futures transaction to receive 10 USDT futures trial funds.
For old Bitrue users, you can complete the first stage of Novice and Experienced Trader tasks to claim an additional 15 USDT in futures trial funds.
Conclusion
Before joining crypto futures, you must do in-depth research first. The Bitrue website provides various complete features that can help you do research, starting from checking the price of a token, knowing the price conversion for example from BTC to USD, to find out about various projects that a token or network is working on by reading articles on the Bitrue blog.
By understanding the mechanics, benefits, and risks of trading crypto futures contracts, you can make wiser investment decisions.
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