🟠 Grayscale spot #Bitcoin ETF banner being hung up on Wall Street 👀

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🔑 Richard Teng Binance CEO Delivers 3 Key Crypto Tips In a recent X post, Binance CEO Richard Teng shared his insights into how to begin a cryptocurrency journey. Addressing common questions from newcomers to the crypto space, Teng outlined three essential tips for those looking to get started. First, Teng emphasized the importance of understanding the fundamentals of blockchain and crypto. He advised potential investors to invest time in learning about these technologies to build a solid foundation. Second, Teng highlighted the necessity of conducting thorough research. He encouraged individuals to explore various blockchain networks, protocols and projects. The principle of "Do Your Own Research" is central to this process, he says. 💬 From time to time, people ask me: “How can I start my crypto journey?”Here are my 3 tips: 1. Understand: Take the time to learn about blockchain, crypto, and other fundamentals.2. Research: Explore different chains, protocols, and projects. — Richard Teng (@Richard Teng ) Lastly, Teng recommended starting with a small investment on a reputable platform. He suggested that beginners should gradually immerse themselves in the crypto market, experimenting and reassessing their strategies as they gain experience. As the CEO of one of the world's leading crypto exchanges, Teng's advice carries significant weight. However, the Binance boss explicitly stated that his advice is not financial guidance but rather tips he has gathered over the years. 🔸 Is Binance CEO bull or bear? In addition to advice for newcomers, it would certainly be interesting to know what the current head of the world's largest crypto exchange thinks about the current state of the market. There is an answer to this question. As recently as yesterday, Teng admitted that he assesses his mood as maximally bullish. He partially justified his opinion by the way the number of global physical vendors accepting Bitcoin payments has grown over the past year. #RichardTeng

⚠️ Stacks (STX) surges despite BTC sell-off pressure Stacks (STX), the Bitcoin Layer-2 network for smart contracts and dApps, has surged by more than 8% in 24 hours as Bitcoin price held above $61k Apart from meme coin Pepe, Stacks is the biggest gainer among top 50 coins by market cap. While PEPE is seeing gains of nearly 9% and trading around $0.00001264 at the time of writing, STX is hovering near $1.80. CoinGecko data shows the Bitcoin L2’s native token reached an intraday high of $1.82. 🔸 Stacks (STX) up as sell pressure hinders Bitcoin STX traded lower on June 24 when BTC dumped to under $60k amid huge sell-off pressure. The altcoin is up as Bitcoin extends its bounce above the psychological level with gains to $61.5k. The slightly positive sentiment comes as the US spot Bitcoin ETFs market saw net inflows of $31 million to break a 7-day streak of outflows. The market is also likely moving away from the initial reaction to the Mt.Gox repayments news. However, there’s still some downside pressure around the flagship crypto asset given a wallet linked to the German government continues to sell BTC. On Wednesday, Lookonchain shared details that showed the German government had transferred another 750 BTC worth $46.3 million to exchanges. Recent transfers included 1,700 last week and 450 BTC earlier this week, which has added to sell-off pressure. 💬 The German Government transferred 750 $BTC($46.35M) out again, of which 250 $BTC($15.41M) was transferred to Bitstamp and Kraken. German Government currently holds 45,609 $BTC($2.81B). The German Government also transferred 0.001 $BTC to Flow Traders, which may be a test. — Lookonchain If Bitcoin price drops again, STX price could mirror the decline. On the upside, a bull market flip would help the Bitcoin L2’s price. 🔸 Stacks network growth Analysts are bullish on crypto markets bouncing higher after what may be a summer lull. In this case, Stacks’ growth amid increased traction for decentralized finance (DeFi) on Bitcoin could be a key catalyst for STX. #STX

🔥 Bitcoin Recovery In Sight? Analyst Foresees BTC Revisiting $72,000 Soon Popular cryptocurrency expert and trader Javon Marks has made a daring forecast that contradicts the current mood of the Bitcoin market, predicting that the crypto asset will make a significant comeback to the pivotal $72,000 level. This bullish forecast is made in spite of Bitcoin’s recent difficulties, which sharp price declines and widespread unfavorable market tendencies have marked. 🔸 Bitcoin Poised For Significant Rebound To $72,000 After failing to break above the $66,500 threshold last week, Bitcoin (BTC) is currently trading below the $62,000 support level, indicating that the cryptocurrency market is still quite erratic. However, several cryptocurrency analysts are confident that the downtrend will soon come to an end, predicting a notable recovery in the upcoming days. Javon Marks’ analysis suggests that the recent decline in Bitcoin might be coming to an end, based on several technical indications and market factors such as the Relative Strength Index (RSI). He also highlights the creation of a bullish divergence pattern, which frequently precedes upward market movements, and refers to important support levels remaining solid between $56,000 and $60,000. According to the expert, with BTC’s price holding while confirming a higher low and its RSI setting a lower low, the asset has validated a bullish pattern. Due to this, Javon Marks anticipates a price rebound to $72,000 and possibly to new all-time highs should this pattern hold. 🔸 The post read: Bitcoin (BTC), through its Price holding + confirming a Higher Low and its RSI setting a Lower Low, has confirmed a Bullish Pattern that can indicate a recovery back near $72,000, and a continuation may result in new all-time Highs being set. The analyst further noted that the process might lead to a much larger stage of growth for the crypto asset, one that will see it constantly rise to unprecedented levels. $BTC #BTC

💥 Unstoppable Altcoins With Massive Growth Potential For 2024 🔸 Toncoin (#TON ) on the Verge of a Breakout: Here’s What to Expect Toncoin is gaining traction, currently priced between $6.84 and $8.10. Despite being below its nearest resistance of $8.70, recent price changes suggest bullish momentum. The coin has risen over 5% in a week and nearly 19% in a month. With its RSI close to 49 and a steady moving average, TON seems ready for the next surge. If it breaks the $8.70 resistance, it could aim for the $9.97 mark, translating to a potential growth of over 20%. The next key levels are $6.17 support on the lower end and possibly reaching for $4.90 in a bearish scenario. 🔸 Worldcoin (#WLD ) on the Brink: Can Bulls Seize the Opportunity? Worldcoin (WLD) is showing signs of life in a bullish market. The current price range hovers between $2.38 and $3.37, close to the 10-day Simple Moving Average of $2.86. This suggests potential for growth. If bulls gather strength, breaking the $3.92 resistance, the next target could be $4.91, a rise of over 100% from the lower end of the range. Right now, the Relative Strength Index is at 46.05, hinting that there’s room for upward momentum. While the price saw a massive drop recently, the current setup gives bulls a chance to drive up prices significantly. All eyes are on this emerging opportunity. 🔸 Sui (#SUI ) Poised for a Bull Run: Eyeing Breakout Above $1.10 Sui (SUI) is currently trading in the range of $0.76 to $0.99. While it has faced a price drop of nearly 19% this past month, the token is showing signs of recovery with a 6% rise over the past week. Bulls appear to be gaining strength, aiming for the nearest resistance level at $1.10. If SUI can break through this barrier, we could see it climb towards the second resistance level at $1.34, marking a potential rise of about 35%. The RSI of 34.71 indicates the coin is oversold, suggesting ample room for an upward move. Keep an eye on these levels as SUI has significant growth potential in the near term. $SUI $WLD

🤯 XRP Price To Plunge Hard, As Ripple Supply On Exchange Drop Sharply ● XRP supply on exchanges drops to 2.84 million, the lowest level since January 1. ● Chaikin Money Flow for XRP is negative, indicating market weakness and possible further declines. ● XRP price falls 11.67% this month despite Ripple's legal win against the SEC. Ripple Labs recently won a legal battle against the Securities and Exchange Commission (SEC), but this didn’t boost the price of XRP as expected. Despite the favorable decision, XRP continues to face challenges. The ongoing market crisis has driven its price down to $0.4734, marking an 11.67% decline this month. Even before this drop, XRP wasn’t performing well, and now the situation has worsened. The XRP supply has hit its lowest point in months, and the price continues to fall. 🔸 XRP Experiences Reduced Sell-offs The supply of XRP on exchanges has dropped to 2.84 million, worth $1.34 million at current market prices, marking the lowest level since January 1. This decrease indicates that fewer XRP tokens are being held on cryptocurrency exchanges. Several factors might explain this trend, such as investors could be moving their tokens to hardware wallets for safety, staking them on decentralized finance (DeFi) platforms, or simply holding onto them, hoping for a future price increase. Recently, investors have faced significant losses with their XRP holdings over the last 11 days, amounting to more than $30 million. This downturn is linked to widespread token distribution amid a market crunch, signaling a concerning trend of market capitulation. 🔸 XRP Price Analysis XRP’s daily price performance reveals a drop in demand for the altcoin. Meanwhile, the Chaikin Money Flow (CMF), which tracks money entering and leaving the market, is currently at 0.06. A negative CMF indicates market weakness and suggests that money is exiting the market, which traders see as a sign of a possible further decline in value. $XRP #XRP

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