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🔥 Bitcoin Breaks the Downtrend and Breaks through $65,000 After yesterday's data according to the CPI, which coincided with forecasts and turned out to be lower than in March, the dollar index fell by 1%, which caused BTC to increase by 8% per day and the price broke through $66 thousand. The fall in inflation in April may signal the approaching reduction of interest rates by the Federal Reserve. 📈 On the daily chart, BTC broke through the downward trend line that has limited BTC's growth since March. Thus, BTC begins to form an upward trend. 🇺🇸 Inflows into the ETF totaled $303 million, with even the Grayscale ETF receiving inflows of $27 million, indicating renewed interest among institutional investors. 💸 Hedge fund Millennium Management bought Bitcoin ETF worth $2 billion, which was one of the largest purchases in recent memory. $BTC #BTC #Bitcoin

🔥 Bitcoin Breaks the Downtrend and Breaks through $65,000

After yesterday's data according to the CPI, which coincided with forecasts and turned out to be lower than in March, the dollar index fell by 1%, which caused BTC to increase by 8% per day and the price broke through $66 thousand. The fall in inflation in April may signal the approaching reduction of interest rates by the Federal Reserve.

📈 On the daily chart, BTC broke through the downward trend line that has limited BTC's growth since March. Thus, BTC begins to form an upward trend.

🇺🇸 Inflows into the ETF totaled $303 million, with even the Grayscale ETF receiving inflows of $27 million, indicating renewed interest among institutional investors.

💸 Hedge fund Millennium Management bought Bitcoin ETF worth $2 billion, which was one of the largest purchases in recent memory.

$BTC #BTC #Bitcoin

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👀 Will Solana’s rally continue despite the drop below $180? SOL’s brief rally past its resistance on 20th May was short-lived.Although its price has declined in the past few days, SOL accumulation continues to climb.  Solana’s [SOL] rally above its short-term resistance level of $185 on the 20th of May was cut short by selling pressure, which has pushed the coin’s price below $180.  After the altcoin’s price climbed to a one-month high of $187.83 on 21st May, it initiated a downtrend and has since fallen by 6%. According to CoinMarketCap’s data, as of this writing, SOL exchanged hands at $177.  🔸 SOL bears are on the move As expected, the decline in SOL’s price in the past few days has resulted in a decrease in its daily trading volume. At $3.74 billion as of this writing, the altcoin’s daily trading volume has dropped by 20% since the $5 billion high recorded on 21st May. As selling pressure gained momentum, the coin’s weighted sentiment shifted from positive to negative, confirming the change in market sentiment from bullish to bearish. According to Santiment’s data, SOL’s weighted sentiment was -0.13 as of this writing.  When an asset’s weighted sentiment is negative, there is significantly more negative social media buzz surrounding it than positive discussions. Due to this price drop, the coin’s futures market has seen more long positions liquidated than short ones over the past two days.  Also, during that period, SOL’s futures open interest cratered by 10%. This showed that traders exited their positions without opening new ones due to the coin’s price decline. 🔸 The bulls remain steadfast However, despite SOL’s price action in the past few days, its funding rate has continued to be positive. At press time, SOL’s weighted funding rate was 0.0159%. When an asset’s futures funding rate is positive, it suggests a strong demand for long positions. This means that despite SOL’s current decline, more traders are buying the coin and expecting a rally.  $SOL #SOL #Solana
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🐸 PEPE Surges 175%: A Resilient Rally Defying Expectations! 🔺 PEPE’s recent surge of 175% signals a remarkable turnaround from previous doubts. 🔺 The occurrence of a “golden cross” in moving averages suggests a bullish market sentiment. 🔺 Despite overbought conditions, PEPE’s robust trading volume indicates potential for further gains. In a recent surge, the cryptocurrency PEPE has seen a remarkable uptick of 175% in its value. This sudden spike comes after a tumultuous period marked by both criticism and acclaim.  Initial concerns about the composition of PEPE’s holders had cast a shadow over its potential, stifling its momentum earlier in 2024. However, as time passed and the ownership structure shifted, PEPE found an opportunity for a resurgence. The rally in PEPE’s value can be attributed largely to the shifting sentiment among traders and investors. The momentum behind PEPE has been formidable, with the cryptocurrency breaking through nearly every resistance level. This surge seems unstoppable, barring potential profit-taking activities. Analysis of PEPE/USDT charts reveals significant indicators supporting this bullish trend. One such indicator is the occurrence of a “golden cross” as the 50-day moving average surpasses the 200-day moving average. This event traditionally signals a bullish market sentiment, suggesting a continued uptrend for PEPE. Moreover, trading volumes have remained high, reinforcing the optimism surrounding PEPE’s performance. Further analysis of moving averages suggests that bullish PEPE holders may increase their positions, driving its value even higher. The robust trading volume serves as a solid foundation for price stability. However, caution is warranted as the RSI currently stands at 72, indicating overbought conditions. While this could trigger a temporary pullback, it’s unlikely to deter long-term prospects as RSI fluctuations are common. $PEPE #PEPE
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💥 Binance LUNC Burn Spikes Over 59 Billion After Latest Terra Classic Tokens Burn Binance's total LUNC burn rises over 59 billion after the latest Terra Luna Classic tokens burn. LUNC and USTC prices to recover as a result of buy the dip? 🔺 Binance burned additional Terra Luna Classic (LUNC) tokens this week. 🔺 The latest LUNC burn is not part of Binance's monthly LUNC burn mechanism. 🔺 Total LUNC burned by the crypto exchange to date has now surpassed 59.07 billion. Crypto exchange Binance burned another pack of Terra Luna Classic (LUNC) tokens this week, as per a transaction revealed by LUNC Burn Tracker. With the latest burn by Binance, the total LUNC burned by the crypto exchange has reached over 59 billion. 🔸 Binance Burns Additional LUNC Tokens Crypto exchange Binance burns additional Terra Luna Classic (LUNC) tokens every month, which are not part of Binance’s monthly LUNC burn mechanism. Binance sent additional LUNC tokens to the burn wallet, as per a transaction on May 23. Binance burned 1.4 billion Terra Classic tokens in the 21st batch of LUNC burn mechanism in early May. After the latest burn by Binance, the total LUNC burned by the crypto exchange to date has now surpassed 59.07 billion, accounting for 51.9% of total LUNC burned by the community. The total LUNC tokens burned by the Terra Luna Classic community has reached over 113.71 billion. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism. 🔸 LUNC and USTC Price Performance Amid Market-Wide Selloff Crypto market saw broader retracements in the US hours as whales and investors sold their holdings, considering a similar selloff seen immediately after the spot Bitcoin ETF approval by the SEC in January. LUNC price fell 3% in the last 24 hours, pared most gains this week. The price is currently trading at $0.0001131, with a 24-hour low and high of $0.0001094 and $0.0001179, respectively. Furthermore, trading volume has decreased after a massive 231% jump on Wednesday. $LUNC #LUNC #Binance
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