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Bitcoin falls below key support level, potentially triggering 8%-12% correction: We might see more downtrend... Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000 Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added. According to an analyst, further downside pressure on bitcoin is coming from the unwinding of basis trades, where traders exploit the price difference between the spot market and futures contracts. The unwinding of these trades can lead to a significant sell-off in the spot market, contributing to a decline in bitcoin's price. #BTC #altcoins #bitcoin

Bitcoin falls below key support level, potentially triggering 8%-12% correction:

We might see more downtrend...

Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000

Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.

According to an analyst, further downside pressure on bitcoin is coming from the unwinding of basis trades, where traders exploit the price difference between the spot market and futures contracts. The unwinding of these trades can lead to a significant sell-off in the spot market, contributing to a decline in bitcoin's price.

#BTC #altcoins #bitcoin

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SHIB INCREASE BURN RATE BY 685%, A breakout is imminent. According to data shared by the Shibburn tracking platform, one of the key metrics for SHIB – the burn rate – has shot up on a weekly basis despite a negative daily reading today. This whopping increase has taken place while Shiba Inu is preparing to surge in price, according to a recent analytics report. Through its official X handle, Shibburn published data about the recently updated values of the Shiba Inu burn rate. According to the recently published tweet, over the last seven days, the weekly burns have made an impressive jump by more than 685%. Overall, the SHIB community has burned 399,586,110 SHIB meme coins this week. SHIB is currently trading around $0.00002076 as of this writing, it is likely to see a massive price jump to the $0.00002800 level or near it. If successful, that would be an increase of roughly 35% for SHIB.
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Notcoin's player base has reached 40 million people. According to the developers' players have already earned $1.5 million in TON through 20 campaigns. The team expects a tenfold increase in this figure after the automation of new missions, which third-party projects will be able to launch independently. Also among the announcements: Level assignment for new players; The ability to earn a percentage of the profits of invited friends; Access for Gold and Platinum users to top token launches. after the announcement, Notcoin's price rose by 5%. According to CoinGecko, NOT is trading at $0.01706 at the time of writing. In two weeks, the increase amounted to 168.6%. #NOT🔥🔥🔥 #Notcoinnews #altcoins #notcoin
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Notcoin has revoked the rights to the token The rights to the token have been revoked, and now the issue cannot be increased in any way. The name of the token cannot be changed and neither can its image. The project is now decentralized. Sasha “Notcoin” will no longer be able to print more coins, change the code or take NOT from you. All you can do now is burn coins, which will lead to a deflationary scenario. But there will be no dramatic growth from this burning. Burning is long term growth. Notcoins became limited after the clicker shutdown, and now there are fewer and fewer of them every day. What is a revocation of rights to a token? The token now has no owner, the rights to the token cannot be restored. - The name of the token cannot be changed. - The logo also remains forever. - Fixing the maximum number (supply) of coins. Issue cannot be increased. Now only burning and reducing the total supply. The deflationary model will be fully functional. This is always good for the token and its development in general. #TopCoinsJune2024 #altcoins #BTC
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Nigeria's information minister reveals the real reasons behind the arrest of Binance's top executive Nigeria's Information Minister revealed that the annual cash turnover of the world's largest crypto exchange Binance in Nigeria exceeds $20 billion, but the company does not pay taxes to the local treasury. Therefore, when the top managers of the exchange traveled to this African country, they were detained "for inciting the devaluation of the Nigerian naira and conducting illegal business." Mohammed Idris clarified that Binance's head of financial crime, Tigran Gambaryan, who failed to flee Nigeria like his colleague, is also charged with complicity in money laundering. "$20 billion is far more than Nigeria's health and education budget. Binance's activities are fueling currency speculation and exacerbating the crisis in the country. In addition, Binance is not registered in Nigeria and has never paid taxes in our jurisdiction. All this while operating without oversight," the official complained. The minister's explanation came in response to allegations by U.S. authorities that Gambarian was illegally detained. A group of former U.S. prosecutors recently called on the administration of President Joe Biden to help secure the release of the U.S. citizen. #BTC #Metaverse #TopCoinsJune2024 #BTCFOMCWatch
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