$FTM
Fantom (FTM) has been experiencing significant market fluctuations, as indicated by the latest weekly chart. Currently trading at $0.5720, FTM is nearing a strong support zone, delineated by the yellow box, which has historically held up well over the past few months.

Chart Analysis
Support Zone: The highlighted yellow box on the chart represents a critical support area that has acted as a price floor for FTM since mid-2022. This zone has been tested multiple times, providing a reliable support level and potentially indicating a good entry point for long-term investors.Price Trends: FTM has shown a substantial decline from its all-time high, dropping from above $3.00 to the current levels. The price is currently hovering around a key support zone, which has previously halted further declines and spurred price rebounds.Moving Averages: The 200-day Simple Moving Average (SMA) is notably included in the chart, and FTM is currently trading above this critical moving average. Trading above the 200-day SMA typically indicates potential bullish momentum, suggesting that the recent price action might be setting up for a positive trend reversal.

Market Sentiment
The current market sentiment appears cautious, with FTM's price struggling to gain upward momentum. The broader cryptocurrency market has also been experiencing declines, impacting altcoins like FTM.
Keep an eye on any bullish reversal patterns or significant news that could drive positive momentum. Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) could provide early signals of trend reversals.
#Ftmusdt is at a critical juncture, approaching a strong support zone that could either hold firm, providing a foundation for a rebound, or give way to further declines. Investors and traders should remain vigilant, employ risk management strategies, and stay updated with market trends and news.
#ChartAnalysis #CryptoTradingGuide #altcoins #6thTrade

The information provided here is intended for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. It is important to conduct your research and consider your financial situation before making any investment decisions

$BTC $ETH
Standard Chartered Enters the Crypto Frontier: Ready to Dominate Bitcoin and Ether Trading
In a groundbreaking move, Standard Chartered is set to become one of the first international banks to dive into the spot crypto trading market. The bank is gearing up its trading desk to conquer the emerging asset class, positioning itself at the forefront of a financial revolution.
London Calling: A New Crypto Hub
The new crypto trading desk, based in the heart of London, will be part of Standard Chartered's FX trading unit. This strategic move will see the bank trading the two titans of the crypto world: Bitcoin and Ether. Bitcoin, the digital gold, boasts a market capitalization of $1.2 trillion, while Ether, the backbone of decentralized finance, holds a market value of around $428 billion, according to CoinMarketCap.
This isn't Standard Chartered's first venture into the crypto universe. The bank was instrumental in the launch of Zodia Markets in 2021, a crypto exchange and brokerage platform. Furthermore, Standard Chartered holds a stake in Zodia Custody, a crypto custodian service, cementing its commitment to the burgeoning crypto industry.
Riding the Wave of Institutional Interest
Institutional interest in spot crypto trading has skyrocketed following the SEC's green light on spot Bitcoin ETFs in January. Heavyweights like Millennium Management and Elliott Management have jumped on the Bitcoin ETF bandwagon, and banks haven't lagged. As of March 31, Morgan Stanley had amassed roughly $270 million in Bitcoin ETFs, as reported by CoinDesk.
Strategic Collaboration with Regulators
Standard Chartered is meticulously working with regulators to cater to the growing demand from institutional clients eager to trade Bitcoin and Ether. This cautious yet ambitious approach ensures that the bank is not only participating but also setting standards in the crypto trading landscape.
Nomura: A Fellow Pioneer
Joining Standard Chartered in this bold venture is Nomura, another banking giant with a strong crypto footprint. Nomura launched Laser Digital, a crypto trading and asset management firm, in September 2022, with Jez Mohideen at the helm as CEO. The bank also established Komainu, a crypto custodian, in collaboration with CoinShares and Ledger back in 2018.
As Standard Chartered prepares to launch its spot crypto trading desk, the financial world watches with bated breath. This move marks a significant milestone in the integration of traditional banking with the dynamic world of cryptocurrencies. With Bitcoin and Ether leading the charge, Standard Chartered is poised to become a formidable player in the multi-trillion-dollar crypto market.
Stay tuned as Standard Chartered sets out to redefine the future of finance, bridging the gap between conventional banking and digital innovation.
#MarketNews #MicroStrategy #ETHETFsApproved #Binance #6thTrade

Despite a 4% drop in global cryptocurrency market capitalization and a 6% decrease in altcoin market dominance, several altcoins have experienced significant gains. Here are the top altcoin performers for the third week of June 2024:
Ethereum Name Service $ENS

Leads with 20% Gain
#ENS/USDT the native token of the Ethereum-based decentralized domain name system, has surged by 20% in the past week, currently trading at $25.31. This price increase is driven by heightened trading activity, with daily volume reaching $237 million on June 19. Positive market sentiment, measured by a 30-day high weighted sentiment of 1.21 on June 19, has contributed to the bullish trend. ENS’s RSI is at 59.21, and its MFI is at 61.05, both indicating strong buying pressure. If demand continues, ENS could reach $27.59, but profit-taking might push it down to $25.21.
Lido (LDO) Clears Key Moving Averages with a 13% Rise
#LDO/USDT the governance token of Lido Finance, has seen a 13% price hike over the past week. It is trading above its 20-day EMA and 50-day SMA, indicating a strong bullish trend. The Aroon Up Line for $LDO is at 85.71%, confirming the uptrend’s strength. If this momentum continues, LDO could reach $2.41. However, a bearish reversal could see it fall to $2.13.

Pendle (PENDLE) Rallies by 11%
#PENDLE/USDT the governance token of the Pendle protocol, has gained 11% over the past week and is now trading at $5.78. The token saw a spike in daily trading volume, reaching $121 million on June 19. The MACD indicator shows a bullish trend, with the MACD line above the signal line and approaching the zero line. If the bullish sentiment persists, PENDLE might rise to $6.19. Conversely, a bearish takeover could see it drop to $5.79. $PENDLE

These altcoins have shown resilience and growth despite a broader market decline, making them noteworthy performers in the cryptocurrency space this week.
#MarketNews #6thTrade

Jun 20, 2024

-U.TODAY

Tesla CEO Elon Musk has recently delighted the Dogecoin community by confirming that his son, affectionately known as 'lil X,' is still holding onto his Dogecoin (DOGEUSD). This indirect confirmation came in response to a playful tweet by Dogecoin graphic designer "dogedesigner," who highlighted that 'lil X' remains a dedicated toddler holder, never suggesting selling his holdings.
The interaction sparked a wave of reactions across the crypto community. An X (formerly Twitter) user shared a nostalgic throwback to Musk's tweet from February 10, 2021, where Musk had revealed, "Bought some Dogecoin for lil X, so he can be a toddler hodler." The community's curiosity was piqued further when another user asked, "How many Doge X has?"
Influence on the Market
Musk's tweets have historically had a significant impact on the Dogecoin market. Known as the "Dogefather," Musk's endorsement of Dogecoin has often led to immediate market reactions. His latest tweet once again shines the spotlight on Dogecoin, although the price of Dogecoin was trading down 0.08% in the last 24 hours to $0.122 at the time of writing, yet to show a reaction to the current attention.


It’s true! 😂— Elon Musk (@elonmusk) June 20, 2024"X is a toddler hodler. Never once has he said sell," Dogedesigner tweeted. Musk reacted with an affirmation, accompanied by a laughter emoji. This lighthearted confirmation quickly caught the attention of the crypto community.Bought some Dogecoin for lil X, so he can be a toddler hodler— Elon Musk (@elonmusk) February 10, 2021

Elon Musk's support for Dogecoin has been unwavering. He has frequently mentioned Dogecoin in his tweets and even allowed it as a payment option for certain Tesla merchandise. In May, Musk tweeted about the passing of Kabosu, the dog behind the DOGE meme, which led to a spike in Dogecoin’s price shortly after.
Elon Musk’s latest interaction regarding Dogecoin and his son 'lil X' has once again stirred excitement within the DOGE community. As the Dogefather continues to support and endorse Dogecoin, the crypto world eagerly watches for the next market reaction to his influential tweets. #MarketNews #Binance #doge⚡ #6thTrade #altcoins

$WIF $SHIB

$BTC
MicroStrategy's Bold Bitcoin Bet: A Strategic Move Towards Financial Innovation
According to THE BLOCK, In a strategic move that underscores its unwavering confidence in Bitcoin, business intelligence firm and corporate Bitcoin holder MicroStrategy has acquired an additional 11,931 BTC for approximately $786 million. This acquisition, completed between April 27 and June 19, 2024, was executed at an average price of $65,883 per Bitcoin, according to a recent filing.
With this latest purchase, MicroStrategy's total Bitcoin holdings have surged to 226,331 BTC, valued at roughly $14.9 billion. The company's founder and executive chairman, Michael Saylor, revealed that these holdings were acquired at an average price of $36,798 per Bitcoin, amounting to a total investment of around $8.33 billion, inclusive of fees and expenses.
A Strategic Accumulation Strategy
MicroStrategy’s relentless accumulation of Bitcoin is a testament to its long-term vision. This latest acquisition follows the purchase of 9,245 BTC for $623 million in March, and two smaller subsequent purchases, which collectively pushed the firm’s holdings over 1% of the total 21 million Bitcoin supply for the first time.
The firm’s strategic investments in Bitcoin have not gone unnoticed by the market. MicroStrategy’s share price increased by 2.4% in pre-market trading on Thursday morning to $1,505, reflecting investor confidence in the company’s innovative approach. While the stock is down 2% over the past month, it has shown a remarkable gain of 112% year-to-date. As of Tuesday's close, MicroStrategy's market capitalization stood at $26.06 billion, with an enterprise value of $29.6 billion, according to Yahoo Finance.

Funding Innovation Through Convertible Notes
MicroStrategy's recent Bitcoin acquisition was facilitated by the completion of a private offering of convertible senior notes. Initially proposed at $500 million on June 13, the offering was upsized to $800 million due to strong market demand. The notes include a 2.25% coupon and an approximately 35% conversion premium over the U.S. composite volume weighted average price of MicroStrategy’s class A common stock.
The net proceeds from the offering totaled approximately $786 million, which were used to fund the Bitcoin acquisitions alongside excess cash. This strategic financial maneuver underscores MicroStrategy's commitment to leveraging innovative funding solutions to fuel its ambitious Bitcoin accumulation strategy.
A Visionary Leader in Financial Innovation
Michael Saylor’s vision and leadership have positioned MicroStrategy as a pioneer in the corporate adoption of Bitcoin. By integrating Bitcoin into its financial strategy, MicroStrategy is not only diversifying its asset base but also positioning itself at the forefront of the digital currency revolution.
This bold strategy has the potential to offer significant returns, as Bitcoin continues to gain acceptance and value globally. Moreover, MicroStrategy's approach serves as a compelling model for other corporations considering Bitcoin as a strategic asset. #BTC☀
The Future of Corporate Bitcoin Adoption
MicroStrategy’s aggressive Bitcoin acquisition strategy and innovative financial maneuvers highlight the growing trend of corporate adoption of digital currencies. As more companies recognize the potential of Bitcoin as a hedge against inflation and a store of value, MicroStrategy's pioneering steps may well pave the way for broader corporate participation in the cryptocurrency market.
In conclusion, MicroStrategy's recent Bitcoin acquisition is a clear indication of its strategic vision and innovative approach to financial management. By boldly integrating Bitcoin into its corporate strategy, MicroStrategy is setting a precedent for the future of corporate finance and digital asset adoption. Investors and corporations alike would do well to watch closely as MicroStrategy continues to lead the charge in this exciting new frontier. $ETH $SOL


#MarketNews #Binance #ETHETFsApproved #6thTrade

Where the Whales Go, the Market May Plunge
Bitcoin appears to be crashing into an air pocket. Over the past two weeks, whales have been dumping their digital assets at an alarming rate. This exodus, totaling over $1.2 billion according to CryptoQuant, has sent shockwaves through the market and left landlocked investors reeling with anxiety.
Unmasking the Mystery Behind the Sell-Off
The reasons for this sudden sell-off are shrouded in mystery, but analysts suggest a convergence of ominous factors. One compelling theory points to a seismic shift in priorities for miners, the powerful machines that secure the Bitcoin network and mint new coins.

With the booming artificial intelligence (AI) sector promising a far more lucrative goldmine, miners might be cashing in their crypto rewards to stake their claim in the future of computing.
"The allure of AI is undeniable," says Lucy Hu, a senior analyst at crypto fund Metalpha. "The sheer processing power needed for AI development aligns perfectly with the capabilities of mining rigs. It seems miners are strategically diversifying their revenue streams."
Domino Effect: The Potential Fallout of Miners' Mass Exodus
This potential exodus of miners from the Bitcoin ecosystem could trigger a devastating domino effect. As miners liquidate their rewards, the increased supply of BTC in circulation could drive prices into a downward spiral.
This theory is supported by the observed decline in “UTXO age” – a crucial metric used to track buying and selling patterns. A drop in UTXO age signals heightened selling activity, spelling trouble for investors hoping to ride the Bitcoin wave.
Traditional Markets Lure Investors Away, Leaving Bitcoin to Drown
Adding fuel to the fire is the broader market sentiment. The recent surge in the US dollar's strength and a general flight towards “safer” assets like traditional stocks have cast a shadow over riskier investments like Bitcoin.
This wave of risk aversion is further reflected in the net outflows of over $600 million from US-listed Bitcoin ETFs – the worst performance since late April.
Bitcoin on the Brink: Is This a Bust or a Temporary Hiccup?
The combined effect of these factors has been a relentless decline in BTC’s price. From a lofty high of $71,000 just weeks ago, Bitcoin has plunged to a little over $65,000. Some analysts warn of a potential freefall to as low as $60,000 if the tide of negative sentiment continues to surge.
Whales are offloading a massive amount of Bitcoin. Is this a fire sale, a golden opportunity to buy at a discount, or a glaring warning sign that things are about to get rough for Bitcoin? Investors are on edge, waiting to see if this is a chance to buy the dip or if they should abandon ship before the price crashes further. #6thTrade
#MarketNews #Binance #BTC #bitcoin

$WLD

#WLDUSDT price has plummeted to $2.70, marking a dramatic downturn. Despite this steep decline, WLD holders remain unfazed.
A closer look at the active addresses by profitability paints a telling picture: currently, less than 3% of participating addresses are in profit. Typically, when 25% of these investors are in the black, the fear of profit-taking looms large. But for Worldcoin, this threshold is a distant concern, suggesting that investors are steadfastly holding onto their tokens, anticipating a brighter future.

The Market Value to Realized Value (MVRV) ratio adds a layer of optimism to this scenario. The MVRV ratio, a key metric for assessing investor profit and loss, stands at a staggering -35% for the past 30 days. This significant loss could spark buying pressure, hinting at a potential rally. Historically, when the MVRV ratio falls between -10% and -20%, it signals a ripe opportunity for accumulation, often leading to a price surge.

WLD Price Outlook: Anticipating a Recovery

Worldcoin has tumbled below a critical support level of $3, with a relentless correction over the past two days resulting in a jaw-dropping 45% drop from $4.50. Yet, all hope is not lost. If WLD investors decide to bolster their holdings, reclaiming the $3 support level is within reach. Achieving this could ignite a powerful surge, propelling Worldcoin back to the $4.0 mark and erasing a substantial portion of investor losses.
However, the path forward is fraught with peril. if the decline continues, WLD risks losing support at $2.50 and plummeting further to $2.00. Falling below this critical point would shatter the bullish outlook, paving the way for extended losses. #ChartAnalysis #Binance #AICoin #6thTrade
$TAO $FET

The CoinDesk Bitcoin Price Index has dropped $2,247.93 today, or 3.37%, to $64,373.74. This marks the lowest 4 p.m. level since May 14, 2024, when it traded at $61,553.40, and the largest percentage decrease since May 23, 2024, when it fell 3.61%. This decline ends a three-day winning streak, bringing the month-to-date loss to 4.71%. Year-to-date, Bitcoin is up 51.34%.
Currently, Bitcoin is down 12.37% from its all-time high of $73,462.59 on March 13, 2024. However, it has increased 129.92% from a year ago (June 20, 2023), when it traded at $27,998.55. It remains 12.37% below its 52-week high of $73,462.59 on March 13, 2024, but has surged 157.43% from its 52-week low of $25,005.87 on September 11, 2023.
Today, Bitcoin traded as low as $64,051.50, its lowest intraday level since May 15, 2024, when it hit $61,333.69, and fell 3.86% at today's intraday low.

Data compiled by Dow Jones Market Data

Note: CoinDesk Bitcoin Price Index (XBX) at 4 p.m. ET close
#MarketNews #BTC #BTCUSDT #Binance #6thTrade

$PEPE
A recent report from Whale Alert has exposed a staggering transfer of 1,158,893,534,074 PEPE tokens, valued at a jaw-dropping $12.34 million, from an undisclosed wallet straight into the coffers of Binance, the colossal titan of the cryptocurrency world.
Initially shrouded in mystery, the sender address "0x835" has now been unmasked as none other than Binance itself. This revelation unveils the transfer as an internal shuffle between Binance's cold wallets, dismissing earlier suspicions of external manipulation.

Yet, amidst the lingering smoke of this internal maneuver, the sender's wallet still holds a hefty 6.78 trillion PEPE tokens, equivalent to a staggering $71.73 million, while the destination wallet now boasts a colossal 20.257 trillion PEPE tokens, valued at a stratospheric $211.48 million.
Despite this seemingly clandestine transaction, the PEPE market remains in tumult. Typically, such massive movements toward exchanges ignite panic among investors, casting a shadow of doubt over the token's future trajectory. However, with this transfer being an in-house affair, the traditional bearish sentiment might find itself at a crossroads.
The aftermath of this transfer on PEPE's market dynamics remains shrouded in uncertainty. The once-beloved meme cryptocurrency has already weathered a gut-wrenching 16% decline since the week's inception, leaving traders and spectators alike on the edge of their seats, pondering what this ominous transaction could portend for PEPE's turbulent future.
Source : U.Today
$SHIB $DOGE
#MarketNews #Binance #PEPEUSDT #altcoins #6thTrade

$BTC $SOL

The cryptocurrency market faced a tumultuous week as institutional investors yanked a staggering $600 million out of digital asset funds. This abrupt exodus, revealed by CoinShares data, marks the largest outflow since March 22, 2024, echoing a similar trend following a monumental $2 billion inflow just the previous week.
The brunt of the retreat was borne by Bitcoin, with a jaw-dropping $621 million exiting its funds. The repercussions were palpable, particularly in the US, where Spot Bitcoin ETFs suffered daily hemorrhaging save for a fleeting $100.8 million influx on June 12. By week's end, these ETFs had bled a substantial $580 million, underlining a profound shift in investor sentiment towards the flagship cryptocurrency. #BTC #SolanaUSTD
Solana, another casualty of the week's volatility, bled $0.2 million, further contributing to the sector's woes. Meanwhile, Ethereum grappled with $13.1 million in outflows, contrasting sharply against burgeoning anticipation for forthcoming Spot Ethereum ETFs.
Against a backdrop of dwindling trading volumes—plummeting to $11 billion from a yearly average of $22 billion—the sector's total assets under management dwindled from a lofty $100 billion to a diminished $94 billion in just seven days. As the Federal Open Market Committee (FOMC) struck a hawkish tone with unchanged interest rates at 5.25%-5.50%, investors hastily sought refuge in safer havens, casting a pall over the once-booming crypto landscape.
Amidst these seismic shifts, pockets of resilience emerged, with BNB, Litecoin, XRP, Chainlink, and Cardano bucking the trend with modest inflows ranging from $0.3 million to $1.1 million.
The week's events underscore a stark reminder of crypto's volatility and its susceptibility to macroeconomic factors, leaving investors and enthusiasts alike on edge as they navigate turbulent waters ahead.
#MarketNews #BTCFOMCWatch #6thTrade