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BONK Surged Over 15%: Will It Cross Its ATH Mark Of $0.00004640
Bonk (BONK), the Solana-based meme coin, experienced a significant surge amid the market resurgence. It noted an impressive spike of over 40% this week.
It has rebounded from its 200-day EMA mark and directed a golden crossover on the daily chart. Fueled by the significant demand surge in most memecoins, BONK price was among the front runners. It soared more than 50% in the last two weeks.
It formed an ascending triangle formation and traded above the key moving averages. Despite the recent bearish moves in the crypto market last month, BONK decisively held the gains and remained in the positive region.
With the change in the dynamics, the bulls continued accumulating the coin. Bulls were eyeing to retest its all-time high (ATH) mark of $0.00004640.
At press time, the BONK was trading at $0.00003140 with an intraday surge of 15.26%, reflecting neutrality on the charts. It has a monthly return ratio of 47.30% and 59.30% yearly, reflecting a long-term uptrend.
The pair of BONK/BTC was at 0.000000000471 BTC, and the market cap was $1.30 Billion. Analysts were neutral and suggested that the BONK price may soon reach its ATH mark.
BONK Revealed Spike in Buying Pressure:-
The BONK has recently regained momentum and delivered follow-on gains, surging over 40% this week. Fueled by the demand surge, the buying pressure was intact and remained high.
Its trading volume soared over 92% to $483.90 Million in the last 24 hours, signifying the consistent buyer accumulation.
Weighted Sentiment and Social Dominance Data Stayed Flat:-
Amidst the significant price rise, the social dominance data stayed flat and signified a slight increase of over 2% in the last 24 hours. It revealed neutral online discussions among the investors on social media platforms.
Similarly, the weighted sentiment data stayed in the negative territory around -0.503, signifying neutral sentiment among the investors.
#BONK🔥🔥 #ATH. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
Bonk (BONK), the Solana-based meme coin, experienced a significant surge amid the market resurgence. It noted an impressive spike of over 40% this week.
It has rebounded from its 200-day EMA mark and directed a golden crossover on the daily chart. Fueled by the significant demand surge in most memecoins, BONK price was among the front runners. It soared more than 50% in the last two weeks.
It formed an ascending triangle formation and traded above the key moving averages. Despite the recent bearish moves in the crypto market last month, BONK decisively held the gains and remained in the positive region.
With the change in the dynamics, the bulls continued accumulating the coin. Bulls were eyeing to retest its all-time high (ATH) mark of $0.00004640.
At press time, the BONK was trading at $0.00003140 with an intraday surge of 15.26%, reflecting neutrality on the charts. It has a monthly return ratio of 47.30% and 59.30% yearly, reflecting a long-term uptrend.
The pair of BONK/BTC was at 0.000000000471 BTC, and the market cap was $1.30 Billion. Analysts were neutral and suggested that the BONK price may soon reach its ATH mark.
BONK Revealed Spike in Buying Pressure:-
The BONK has recently regained momentum and delivered follow-on gains, surging over 40% this week. Fueled by the demand surge, the buying pressure was intact and remained high.
Its trading volume soared over 92% to $483.90 Million in the last 24 hours, signifying the consistent buyer accumulation.
Weighted Sentiment and Social Dominance Data Stayed Flat:-
Amidst the significant price rise, the social dominance data stayed flat and signified a slight increase of over 2% in the last 24 hours. It revealed neutral online discussions among the investors on social media platforms.
Similarly, the weighted sentiment data stayed in the negative territory around -0.503, signifying neutral sentiment among the investors.
#BONK🔥🔥 #ATH. #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
Solana Price Hits $170 Amid 21% Weekly Surge, Will It Reach $180 This Weekend?
Solana (SOL) has recently been trading at approximately $170, exhibiting notable growth over the past week. Despite a slight decline of 0.09% in the last 24 hours, Solana’s value has increased by 21.46% over the last seven days. The cryptocurrency’s performance highlights its growing investor interest and potential for future gains.
Key Events Driving Price Movements:-
The beginning of the week saw Solana’s price at around $140-$145. A boost occurred on July 14, coinciding with the filing of an S-1 for a Solana ETF by VanEck, a move that likely fueled the initial surge in SOL’s value. By July 15, the price had jumped to approximately $150, with continued upward momentum observed in subsequent days.
Mid-week, the market experienced some volatility, particularly between July 16 and July 18. Reports of an assassination attempt on Donald Trump coincided with this period of volatility. Although such political events can impact market sentiment, they did not seem to have a lasting effect on Solana’s overall upward trajectory.
From July 19 to July 20, Solana’s price stabilized and continued its upward trend, reaching around $170.
Introduction of Solana ETFs:-
VanEck, alongside 21Shares, filed with the U.S. Securities and Exchange Commission (SEC) to list the first Solana-based exchange-traded fund (ETF) in the United States. This ETF, named the VanEck Solana Trust, aims to mirror Solana’s performance and offer investors exposure to its unique blockchain ecosystem. This filing by Cboe Global Markets is a step towards introducing Solana ETFs to the market.
Future Outlook:-
Solana’s recent price movement and the filing for Solana ETFs indicate a positive outlook for this cryptocurrency. While external events can introduce short-term volatility, the overall trend suggests a growing confidence in Solana’s market potential.
#SolanaStrong #SolanaUSTD #ETH_ETF_Approval_23July #BinanceHODLerBANANA #SOFR_Spike
Solana (SOL) has recently been trading at approximately $170, exhibiting notable growth over the past week. Despite a slight decline of 0.09% in the last 24 hours, Solana’s value has increased by 21.46% over the last seven days. The cryptocurrency’s performance highlights its growing investor interest and potential for future gains.
Key Events Driving Price Movements:-
The beginning of the week saw Solana’s price at around $140-$145. A boost occurred on July 14, coinciding with the filing of an S-1 for a Solana ETF by VanEck, a move that likely fueled the initial surge in SOL’s value. By July 15, the price had jumped to approximately $150, with continued upward momentum observed in subsequent days.
Mid-week, the market experienced some volatility, particularly between July 16 and July 18. Reports of an assassination attempt on Donald Trump coincided with this period of volatility. Although such political events can impact market sentiment, they did not seem to have a lasting effect on Solana’s overall upward trajectory.
From July 19 to July 20, Solana’s price stabilized and continued its upward trend, reaching around $170.
Introduction of Solana ETFs:-
VanEck, alongside 21Shares, filed with the U.S. Securities and Exchange Commission (SEC) to list the first Solana-based exchange-traded fund (ETF) in the United States. This ETF, named the VanEck Solana Trust, aims to mirror Solana’s performance and offer investors exposure to its unique blockchain ecosystem. This filing by Cboe Global Markets is a step towards introducing Solana ETFs to the market.
Future Outlook:-
Solana’s recent price movement and the filing for Solana ETFs indicate a positive outlook for this cryptocurrency. While external events can introduce short-term volatility, the overall trend suggests a growing confidence in Solana’s market potential.
#SolanaStrong #SolanaUSTD #ETH_ETF_Approval_23July #BinanceHODLerBANANA #SOFR_Spike
Meta reportedly cut metaverse budget by 20% as Q2 earnings called looms
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.
Meta will reportedly cut the budget of its Reality Labs, the division responsible for developing the company’s metaverse hardware and software, by about 20% between now and 2026.
This comes via a report from The Information and aligns with recent indications that Meta plans to shift Reality Labs into production mode ahead of several high-profile hardware launches slated over the next couple of years.
Analysts for Bank of America opined that the cost-cutting measures would net Meta a savings of about $3 billion.
Q1 2024 figures:-
The timing of the cost-cutting measure should come as no surprise to insiders. Meta’s next earnings call comes on July 31 and analysts predict similar numbers to Q1 when the company posted $36.45 billion in revenue, up 27% over 2023.
Reality Labs, however, posted a $3.8 billion loss for the quarter. Though some of those losses may not have been related to the company’s endeavors in the metaverse space.
As Cointelegraph reported in April, Meta CEO Mark Zuckerberg told investors during the company’s Q1, 2024, earnings call that “an increasing amount of our Reality Labs work is going toward serving our AI efforts.”
2024 and beyond:-
It is possible the recently announced cost cutting measures could simply account for a realignment of the division’s efforts with the potential knock-on effect of pleasing inventors looking to stem the tide of cash pouring into Reality Labs. To date, the division has lost somewhere around $55 billion since 2019.
While this may be Zuckerberg’s first indication that he is willing to reign in Reality Labs, the ultimate fate of the division likely lies in whether or not the mainstream consumer market opens up for the next generations of VR and AR products.
#MetaverseLife #Zuckerberg #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
Despite Q1 company earnings rising 27% year-over-year, Reality Labs will have to cut costs.
Meta will reportedly cut the budget of its Reality Labs, the division responsible for developing the company’s metaverse hardware and software, by about 20% between now and 2026.
This comes via a report from The Information and aligns with recent indications that Meta plans to shift Reality Labs into production mode ahead of several high-profile hardware launches slated over the next couple of years.
Analysts for Bank of America opined that the cost-cutting measures would net Meta a savings of about $3 billion.
Q1 2024 figures:-
The timing of the cost-cutting measure should come as no surprise to insiders. Meta’s next earnings call comes on July 31 and analysts predict similar numbers to Q1 when the company posted $36.45 billion in revenue, up 27% over 2023.
Reality Labs, however, posted a $3.8 billion loss for the quarter. Though some of those losses may not have been related to the company’s endeavors in the metaverse space.
As Cointelegraph reported in April, Meta CEO Mark Zuckerberg told investors during the company’s Q1, 2024, earnings call that “an increasing amount of our Reality Labs work is going toward serving our AI efforts.”
2024 and beyond:-
It is possible the recently announced cost cutting measures could simply account for a realignment of the division’s efforts with the potential knock-on effect of pleasing inventors looking to stem the tide of cash pouring into Reality Labs. To date, the division has lost somewhere around $55 billion since 2019.
While this may be Zuckerberg’s first indication that he is willing to reign in Reality Labs, the ultimate fate of the division likely lies in whether or not the mainstream consumer market opens up for the next generations of VR and AR products.
#MetaverseLife #Zuckerberg #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
Ethereum (ETH) Withdrawals on Exchanges Skyrocket on Spot ETF Mania, Data Says
Massive ETH accumulation wave confirmed days ahead of the most anticipated announcement for altcoiners in 2024.
Based on Glassnode's data, cryptocurrency analyst Leon Waidmann of BTC-ECHO platform indicates massive accumulation interest of Ethereum (ETH) investors. Owners of ETH bags are moving them out of exchanges, which typically is a strong bullish indicator.
$126,000,000 in the week: Ethereum (ETH) investors drained exchange reserves:-
Ethereum (ETH) investors are withdrawing their riches from exchanges at an increased pace. As the multi-month trend gained traction, centralized crypto platforms lost $126 million in equivalent in just seven days. The report was shared by Leon Waidmann, a seasoned cryptocurrency analyst, with his X followers. This trend started in March 2024, but it gained steam only in Q3, 2024. The local "top" of exchanges reserves amount was registered after Ethereum (ETH) set its three-year high above $4,000.
Accelerated withdrawals from exchanges typically are being interpreted as an indicator of investors confidence. As such, amid the new phase of spot ETF hype, Waidmann is enthusiastic about what is next for the ETH price: Next big $ETH rally incoming!
Ethereum (ETH), the second largest cryptocurrency, is changing hands at $3,500 as of press time. In the last 24 hours, its price gained 1%. Ethereum's (ETH) trading volume lost 15% and declined to $13.3 billion.
The Spot Ether ETF launch date finally confirmed:-
As covered by U.Today previously, on July 20, the U.S. Chicago Board Options Exchange (CBOE) confirmed the launch of a spot ETH ETF in the United States on July 23, 2024.
Ethereum ETFs from Fidelity, Invesco Galaxy, Franklin Templeton, VanEck and 21Shares will be available in the first cohort of exchange-traded products based on spot Ether. While this event is typically expected to be a major bullish catalyst for the Ethereum (ETH) price, some experts are cautious about its role.
#ETH🔥🔥🔥🔥 #ETH_ETF_Approval_23July #BinanceTurns7
Massive ETH accumulation wave confirmed days ahead of the most anticipated announcement for altcoiners in 2024.
Based on Glassnode's data, cryptocurrency analyst Leon Waidmann of BTC-ECHO platform indicates massive accumulation interest of Ethereum (ETH) investors. Owners of ETH bags are moving them out of exchanges, which typically is a strong bullish indicator.
$126,000,000 in the week: Ethereum (ETH) investors drained exchange reserves:-
Ethereum (ETH) investors are withdrawing their riches from exchanges at an increased pace. As the multi-month trend gained traction, centralized crypto platforms lost $126 million in equivalent in just seven days. The report was shared by Leon Waidmann, a seasoned cryptocurrency analyst, with his X followers. This trend started in March 2024, but it gained steam only in Q3, 2024. The local "top" of exchanges reserves amount was registered after Ethereum (ETH) set its three-year high above $4,000.
Accelerated withdrawals from exchanges typically are being interpreted as an indicator of investors confidence. As such, amid the new phase of spot ETF hype, Waidmann is enthusiastic about what is next for the ETH price: Next big $ETH rally incoming!
Ethereum (ETH), the second largest cryptocurrency, is changing hands at $3,500 as of press time. In the last 24 hours, its price gained 1%. Ethereum's (ETH) trading volume lost 15% and declined to $13.3 billion.
The Spot Ether ETF launch date finally confirmed:-
As covered by U.Today previously, on July 20, the U.S. Chicago Board Options Exchange (CBOE) confirmed the launch of a spot ETH ETF in the United States on July 23, 2024.
Ethereum ETFs from Fidelity, Invesco Galaxy, Franklin Templeton, VanEck and 21Shares will be available in the first cohort of exchange-traded products based on spot Ether. While this event is typically expected to be a major bullish catalyst for the Ethereum (ETH) price, some experts are cautious about its role.
#ETH🔥🔥🔥🔥 #ETH_ETF_Approval_23July #BinanceTurns7
How Would Donald Trump’s Election Affect Ripple (XRP) and Other Cryptocurrencies Facing SEC Litigation? 4 Experts Speak
Due to Donald Trump's increasing interest in cryptocurrencies, the cryptocurrency industry seems optimistic about the lawsuits.
The cryptocurrency industry is focusing on the upcoming U.S. presidential election in hopes that a new administration could take a softer stance on regulatory enforcement and end protracted battles with the Securities and Exchange Commission (SEC), Wall Street's top regulator.
Former President Donald Trump has shown surprising affinity for the $2.5 trillion crypto industry lately, even preparing to host a Bitcoin-focused fundraiser on July 27.
Although Trump criticized cryptocurrencies during his presidency, his recent statements have been more positive. Legal experts predict that the SEC's aggressive pursuit of the digital asset space may wane if Trump wins the election.
Most Experts Believe Cryptocurrency Cases Could Be Resolved If Trump Is Elected:-
“A Trump administration will likely seek to reset and rethink the SEC's crypto regulatory policy,” said Michael Selig, partner at Willkie Farr & Gallagher LLP.
“Such a reset would naturally involve resolving ongoing enforcement actions and investigations filed by the previous administration.”
The SEC, under President Joe Biden, has intensified its scrutiny of the industry, especially following the collapse of crypto exchange FTX in 2022. The regulator has initiated numerous enforcement actions, often accusing exchanges and brokers of failing to properly register under securities law.
“Remember, if Trump is elected, Republicans could immediately change who the SEC chairman is,” said Austin Campbell, a blockchain consultant and assistant professor at Columbia Business School.
#SECCryptoRegulation #donaldtrump #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
Due to Donald Trump's increasing interest in cryptocurrencies, the cryptocurrency industry seems optimistic about the lawsuits.
The cryptocurrency industry is focusing on the upcoming U.S. presidential election in hopes that a new administration could take a softer stance on regulatory enforcement and end protracted battles with the Securities and Exchange Commission (SEC), Wall Street's top regulator.
Former President Donald Trump has shown surprising affinity for the $2.5 trillion crypto industry lately, even preparing to host a Bitcoin-focused fundraiser on July 27.
Although Trump criticized cryptocurrencies during his presidency, his recent statements have been more positive. Legal experts predict that the SEC's aggressive pursuit of the digital asset space may wane if Trump wins the election.
Most Experts Believe Cryptocurrency Cases Could Be Resolved If Trump Is Elected:-
“A Trump administration will likely seek to reset and rethink the SEC's crypto regulatory policy,” said Michael Selig, partner at Willkie Farr & Gallagher LLP.
“Such a reset would naturally involve resolving ongoing enforcement actions and investigations filed by the previous administration.”
The SEC, under President Joe Biden, has intensified its scrutiny of the industry, especially following the collapse of crypto exchange FTX in 2022. The regulator has initiated numerous enforcement actions, often accusing exchanges and brokers of failing to properly register under securities law.
“Remember, if Trump is elected, Republicans could immediately change who the SEC chairman is,” said Austin Campbell, a blockchain consultant and assistant professor at Columbia Business School.
#SECCryptoRegulation #donaldtrump #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
Crypto Titans Bet On Donald Trump’s Win For SEC Shake-Up
Crypto industry leaders are pushing for Donald Trump's victory in the 2024 elections as they expect a major reform in the SEC thereafter. The agency might take a crypto-friendly turn during the Trump presidency.
As the 2024 US presidential election approaches, crypto leaders are anticipating significant changes in regulatory oversight if Donald Trump returns to the White House. The crypto industry is dissatisfied with the current administration’s stringent approach led by the Securities and Exchange Commission (SEC) under Chair Gary Gensler. This has prompted hopes among crypto advocates that a Trump presidency could usher in a more lenient regulatory environment.
How Donald Trump’s Win Could Reshape Crypto Regulations:-
Michael Selig, a partner at Willkie Farr & Gallagher LLP, suggests that a Trump administration could “reset and rethink the SEC’s crypto regulatory policy.” It could potentially resolve ongoing enforcement actions and investigations initiated during the Biden administration. This sentiment reflects a broader expectation within the crypto community that Trump’s return could lead to a reduction in regulatory pressure.
Under President Joe Biden, the SEC has intensified its scrutiny of the cryptocurrency sector, especially following the collapse of the FTX exchange in late 2022. The regulator has pursued numerous enforcement actions against exchanges and broker-dealers, alleging failures to comply with securities laws.
Gensler has asserted that many cryptocurrencies qualify as securities and should therefore adhere to SEC registration requirements. This position has sparked contention within the industry.
A critical case in point is the SEC’s lawsuit against Ripple Labs Inc., which alleges that Ripple conducted an unregistered securities offering through the sale of XRP tokens, raising over $1.3 billion.
#SECCryptoRegulation #donaldtrump #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
Crypto industry leaders are pushing for Donald Trump's victory in the 2024 elections as they expect a major reform in the SEC thereafter. The agency might take a crypto-friendly turn during the Trump presidency.
As the 2024 US presidential election approaches, crypto leaders are anticipating significant changes in regulatory oversight if Donald Trump returns to the White House. The crypto industry is dissatisfied with the current administration’s stringent approach led by the Securities and Exchange Commission (SEC) under Chair Gary Gensler. This has prompted hopes among crypto advocates that a Trump presidency could usher in a more lenient regulatory environment.
How Donald Trump’s Win Could Reshape Crypto Regulations:-
Michael Selig, a partner at Willkie Farr & Gallagher LLP, suggests that a Trump administration could “reset and rethink the SEC’s crypto regulatory policy.” It could potentially resolve ongoing enforcement actions and investigations initiated during the Biden administration. This sentiment reflects a broader expectation within the crypto community that Trump’s return could lead to a reduction in regulatory pressure.
Under President Joe Biden, the SEC has intensified its scrutiny of the cryptocurrency sector, especially following the collapse of the FTX exchange in late 2022. The regulator has pursued numerous enforcement actions against exchanges and broker-dealers, alleging failures to comply with securities laws.
Gensler has asserted that many cryptocurrencies qualify as securities and should therefore adhere to SEC registration requirements. This position has sparked contention within the industry.
A critical case in point is the SEC’s lawsuit against Ripple Labs Inc., which alleges that Ripple conducted an unregistered securities offering through the sale of XRP tokens, raising over $1.3 billion.
#SECCryptoRegulation #donaldtrump #ETH_ETF_Approval_23July #BinanceHODLerBANANA #Mt_Gox_BTC_Dip
XRP Price Breaks $0.59 Amid Massive Whale Activity, Rally To Sustain?
XRP has continued to pump non-stop, extending weekly gains to 35%. Meanwhile, whales shuffled millions today, birthing speculations over the next price target.
XRP has once again curated a tidal wave of optimism among crypto market participants today, breaking the $0.59 price level. On-chain data reveals that whales shuffled millions of coins amid the Ripple-backed token’s upswing, generating a torrent of speculative buzz on future price movements. So, let’s take a closer look at the asset’s current market dynamics and its next price target, which crypto market participants are eagerly awaiting.
Whales Shuffle 51M XRP: Whale Alert:-
According to data offered by the on-chain transaction tracker Whale Alert on X, two whales collectively shuffled 50.92 million coins, worth $27.45 million, over the past day. These whale transactions encompass both accumulations and dumps.
Notably, 27.9 million coins, worth $14.91 million, were transferred by the renowned whale, ..Rzn, to the Bitstamp crypto exchange. Simultaneously, the whale address rarG… was recorded to have bagged 23.02 million coins, worth $12.54 million, from the Binance crypto exchange. Concunrently, as per Santiment, this upsurge is attributed to the increasing hodling levels from whales with 100K + XRP coins.
Intriguingly, both the whale addresses stage as renowned XRP whales, which CoinGape reported previously to be making similar transactions. The uncertainty of the transactions has further birthed contrasting market sentiments on future price movements.
Nevertheless, the Ripple-backed asset continues to surge unprecedentedly. This price upswing comes amid the anticipation of the conclusion of the Ripple vs. SEC lawsuit. Pro-XRP lawyers Bill Morgan and Fred Rispoli expect a ruling on remedies and injunction at the end of July or the beginning of August. Meanwhile, as mentioned above, the token continues to gain.
#Xrp🔥🔥 #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #Mt_Gox_BTC_Dip #VanEck_SOL_ETFS
XRP has continued to pump non-stop, extending weekly gains to 35%. Meanwhile, whales shuffled millions today, birthing speculations over the next price target.
XRP has once again curated a tidal wave of optimism among crypto market participants today, breaking the $0.59 price level. On-chain data reveals that whales shuffled millions of coins amid the Ripple-backed token’s upswing, generating a torrent of speculative buzz on future price movements. So, let’s take a closer look at the asset’s current market dynamics and its next price target, which crypto market participants are eagerly awaiting.
Whales Shuffle 51M XRP: Whale Alert:-
According to data offered by the on-chain transaction tracker Whale Alert on X, two whales collectively shuffled 50.92 million coins, worth $27.45 million, over the past day. These whale transactions encompass both accumulations and dumps.
Notably, 27.9 million coins, worth $14.91 million, were transferred by the renowned whale, ..Rzn, to the Bitstamp crypto exchange. Simultaneously, the whale address rarG… was recorded to have bagged 23.02 million coins, worth $12.54 million, from the Binance crypto exchange. Concunrently, as per Santiment, this upsurge is attributed to the increasing hodling levels from whales with 100K + XRP coins.
Intriguingly, both the whale addresses stage as renowned XRP whales, which CoinGape reported previously to be making similar transactions. The uncertainty of the transactions has further birthed contrasting market sentiments on future price movements.
Nevertheless, the Ripple-backed asset continues to surge unprecedentedly. This price upswing comes amid the anticipation of the conclusion of the Ripple vs. SEC lawsuit. Pro-XRP lawyers Bill Morgan and Fred Rispoli expect a ruling on remedies and injunction at the end of July or the beginning of August. Meanwhile, as mentioned above, the token continues to gain.
#Xrp🔥🔥 #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #Mt_Gox_BTC_Dip #VanEck_SOL_ETFS
Bitcoin bears trapped, but can BTC price surpass $70K by August?
Bitcoin price has confirmed its price reversal, but can it reclaim the $70,000 mark before the end of summer?
Bitcoin price has confirmed the trend reversal after June’s month-long downtrend. Could Bitcoin recover above the $70,000 psychological mark until the end of the summer?
Bitcoin price reverts to bull trend — analyst:-
Bitcoin’s BTC $64,844 price has recovered from its over-one-month downtrend, according to technical analysis from one popular crypto trader.
Pseudonymous market analyst Moustache wrote in a July 16 X post:
“Bitcoin is back above one of the most important bull market lines (blue line). In the previous cycles, it NEVER fell below it until the cycle top (monthly close). This is a strong sign that the bull market is far from over.”
In another bullish technical signal for BTC price, the selling pressure from long-term Bitcoin holders has stopped, according to analyst and CryptoQuant author Axel Adler, who wrote in a July 16 X post:
“At the $61.6K level, the selling pressure from Long-Term Holders, which lasted 7 months, ceased.”
After an 11% increase during the past week, Bitcoin price is back above the 200-day exponential moving average (EMA), which is considered a key trendline to maintain above during bull markets.
The 200-day EMA is a long-term indicator used by analysts to measure the health of an asset’s price based on the average closing price of the past 200 days.
Can Bitcoin reclaim $70,000 next month?
Not only did Bitcoin get a nod from BlackRock CEO Larry Fink this week, but based on technical chart patterns, it could reclaim $70,000 by the end of August if the current uptrend continues.
#BTC☀ #Bitcoin❗ #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
Bitcoin price has confirmed its price reversal, but can it reclaim the $70,000 mark before the end of summer?
Bitcoin price has confirmed the trend reversal after June’s month-long downtrend. Could Bitcoin recover above the $70,000 psychological mark until the end of the summer?
Bitcoin price reverts to bull trend — analyst:-
Bitcoin’s BTC $64,844 price has recovered from its over-one-month downtrend, according to technical analysis from one popular crypto trader.
Pseudonymous market analyst Moustache wrote in a July 16 X post:
“Bitcoin is back above one of the most important bull market lines (blue line). In the previous cycles, it NEVER fell below it until the cycle top (monthly close). This is a strong sign that the bull market is far from over.”
In another bullish technical signal for BTC price, the selling pressure from long-term Bitcoin holders has stopped, according to analyst and CryptoQuant author Axel Adler, who wrote in a July 16 X post:
“At the $61.6K level, the selling pressure from Long-Term Holders, which lasted 7 months, ceased.”
After an 11% increase during the past week, Bitcoin price is back above the 200-day exponential moving average (EMA), which is considered a key trendline to maintain above during bull markets.
The 200-day EMA is a long-term indicator used by analysts to measure the health of an asset’s price based on the average closing price of the past 200 days.
Can Bitcoin reclaim $70,000 next month?
Not only did Bitcoin get a nod from BlackRock CEO Larry Fink this week, but based on technical chart patterns, it could reclaim $70,000 by the end of August if the current uptrend continues.
#BTC☀ #Bitcoin❗ #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
SEC signals possible ETH fund launches next week: Sources
The SEC has signaled a timeline to issuers that could lead to a July 23 launch for the ETH funds, people close to the process told Blockworks.
Fund issuers looking to offer a spot either ETFs in the US have heard from the Securities and Exchange Commission — with sources saying the dialogue points to launches next week.
The securities regulator has asked the companies to submit their final registration statements, or S-1s, for the proposed ETH funds by end of day on Wednesday, two people close to the filing told Blockworks.
These documents would address any final suggested revisions and include details left off some previous S-1s, including fees.
Per the SEC’s request, issuers expect to then request “accelerated” effectiveness of those disclosure documents next Monday, the sources said. That would possibly clear the funds to launch on Tuesday, July 23.
One of the people close to the filings said something could always come up to foil that timeline, but noted all signs pointing to it being “go time” for the ETH funds.
The source’s comments confirm similar details shared Monday on X by Bloomberg Intelligence analysts.
A spokesperson for the SEC did not immediately return a request for comment.
The SEC in May approved the ETH ETF-related proposals filed by exchanges on which the funds would be listed. Despite the landmark ruling, issuers had to iron out additional disclosure details with a separate unit of the regulator — the SEC’s Division of Corporation Finance — before the funds could be cleared to trade.
Industry analysts and executives at the time guessed that the process could take between two weeks and several months.
One of the people close to the matter said the dialogue between the SEC and fund issuers has been done at “a reasonable pace.”
#ETH🔥🔥🔥🔥 #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
The SEC has signaled a timeline to issuers that could lead to a July 23 launch for the ETH funds, people close to the process told Blockworks.
Fund issuers looking to offer a spot either ETFs in the US have heard from the Securities and Exchange Commission — with sources saying the dialogue points to launches next week.
The securities regulator has asked the companies to submit their final registration statements, or S-1s, for the proposed ETH funds by end of day on Wednesday, two people close to the filing told Blockworks.
These documents would address any final suggested revisions and include details left off some previous S-1s, including fees.
Per the SEC’s request, issuers expect to then request “accelerated” effectiveness of those disclosure documents next Monday, the sources said. That would possibly clear the funds to launch on Tuesday, July 23.
One of the people close to the filings said something could always come up to foil that timeline, but noted all signs pointing to it being “go time” for the ETH funds.
The source’s comments confirm similar details shared Monday on X by Bloomberg Intelligence analysts.
A spokesperson for the SEC did not immediately return a request for comment.
The SEC in May approved the ETH ETF-related proposals filed by exchanges on which the funds would be listed. Despite the landmark ruling, issuers had to iron out additional disclosure details with a separate unit of the regulator — the SEC’s Division of Corporation Finance — before the funds could be cleared to trade.
Industry analysts and executives at the time guessed that the process could take between two weeks and several months.
One of the people close to the matter said the dialogue between the SEC and fund issuers has been done at “a reasonable pace.”
#ETH🔥🔥🔥🔥 #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #SOFR_Spike
XRP Healthcare (XRPH) CEO Hints At Major Development, Here’s All
XRP Healthcare CEO hints at a major development ahead for the healthcare-focused blockchain project, gaining significant attention from the broader crypto community.
The XRP Ledger-based healthcare platform, XRP Healthcare (XRPH), is buzzing with excitement following a recent hint from CEO Kain Roomes. In a recent interview, Roomes hints at a major upcoming development that promises to set a pioneering precedent in the crypto space. Notably, the community is eagerly awaiting more details on this significant innovation, which according to Roomes would be the first from a project with a crypto token.
XRP Healthcare Hints At A Pioneering Move:-
In a recent interview with crypto influencer Edward Farina, Kain Roomes, CEO of XRPH, hinted at a significant advancement for XRP Healthcare. Although Roomes was tight-lipped about specifics, he emphasized that the innovation would be groundbreaking. Notably, he stated that XRPH would be the first in the crypto space to achieve this milestone with a token.
Meanwhile, Roomes expressed his confidence, saying that “very exciting times” ahead. However, he mentioned that he didn’t have the “liberty” to disclose the details. But, he assured that XRPH would be the pioneer in this novel development.
This revelation has sparked widespread discussion in the cryptocurrency community, especially in light of recent updates from the project. Just last week, XRPH announced it had secured trademark registration in the UAE, a move that aligns with its global expansion plans.
This announcement was significant, as it marked the healthcare platform’s entry into the world’s leading web3 hub. The industry responded positively, recognizing the potential impact of this strategic move.
The trademark registration in the UAE is a significant milestone for XRP Healthcare.
#Xrp🔥🔥 #web3_binance #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTournament
XRP Healthcare CEO hints at a major development ahead for the healthcare-focused blockchain project, gaining significant attention from the broader crypto community.
The XRP Ledger-based healthcare platform, XRP Healthcare (XRPH), is buzzing with excitement following a recent hint from CEO Kain Roomes. In a recent interview, Roomes hints at a major upcoming development that promises to set a pioneering precedent in the crypto space. Notably, the community is eagerly awaiting more details on this significant innovation, which according to Roomes would be the first from a project with a crypto token.
XRP Healthcare Hints At A Pioneering Move:-
In a recent interview with crypto influencer Edward Farina, Kain Roomes, CEO of XRPH, hinted at a significant advancement for XRP Healthcare. Although Roomes was tight-lipped about specifics, he emphasized that the innovation would be groundbreaking. Notably, he stated that XRPH would be the first in the crypto space to achieve this milestone with a token.
Meanwhile, Roomes expressed his confidence, saying that “very exciting times” ahead. However, he mentioned that he didn’t have the “liberty” to disclose the details. But, he assured that XRPH would be the pioneer in this novel development.
This revelation has sparked widespread discussion in the cryptocurrency community, especially in light of recent updates from the project. Just last week, XRPH announced it had secured trademark registration in the UAE, a move that aligns with its global expansion plans.
This announcement was significant, as it marked the healthcare platform’s entry into the world’s leading web3 hub. The industry responded positively, recognizing the potential impact of this strategic move.
The trademark registration in the UAE is a significant milestone for XRP Healthcare.
#Xrp🔥🔥 #web3_binance #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTournament
ETH Options Market Increases as Ethereum ETFs Approach the Market! Here's Why!
The imminent launch of Ethereum ETFs has led to an increase in hedging activity among investors.
The upcoming launch of US-based exchange-traded funds (ETFs) tied to the spot price of Ethereum (ETH) has led to an increase in hedging activities among investors.
Ethereum Hedging Increases as Ethereum ETF Launch Nears:-
This trend is evident from ETH's persistent volatility premium over Bitcoin (BTC) as investors rush to the options market to protect or hedge their positions from potential price fluctuations.
Estimated volatility, which reflects market expectations for price fluctuations over a given period based on options data, has increased over various time periods.
According to data from Deribit and Kaiko, demand for options or derivatives that protect against price volatility has increased. Call options protect against price rallies, while put options offer insurance against price declines.
The increase in hedging activities has become more evident in short-term contracts.
Latest data shows that the assumed volatility of options contracts expiring July 19 increased from 53% on Saturday to 62% on Monday, exceeding the assumed volatility of contracts expiring July 26.
“The rise in the July 19 contract shows that investors are willing to pay more to maintain their current positions and hedge against sharp price movements in the short term.
This increase in IV in near-term contracts indicates a level of uncertainty among investors,” Kaiko analysts said in their Monday newsletter.
Investors also expect volatility to increase in Ethereum compared to Bitcoin.
Data from Amberdata shows that the difference between Deribit's 30-day Ethereum and Bitcoin forecast volatility indices (BTC DVOL and ETH DVOL) has consistently averaged around 10% since late May, significantly higher than the 5% average in the first quarter. shows that it is.
*This is not investment advice.*
#ETH🔥🔥🔥🔥 #ETFs. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
The imminent launch of Ethereum ETFs has led to an increase in hedging activity among investors.
The upcoming launch of US-based exchange-traded funds (ETFs) tied to the spot price of Ethereum (ETH) has led to an increase in hedging activities among investors.
Ethereum Hedging Increases as Ethereum ETF Launch Nears:-
This trend is evident from ETH's persistent volatility premium over Bitcoin (BTC) as investors rush to the options market to protect or hedge their positions from potential price fluctuations.
Estimated volatility, which reflects market expectations for price fluctuations over a given period based on options data, has increased over various time periods.
According to data from Deribit and Kaiko, demand for options or derivatives that protect against price volatility has increased. Call options protect against price rallies, while put options offer insurance against price declines.
The increase in hedging activities has become more evident in short-term contracts.
Latest data shows that the assumed volatility of options contracts expiring July 19 increased from 53% on Saturday to 62% on Monday, exceeding the assumed volatility of contracts expiring July 26.
“The rise in the July 19 contract shows that investors are willing to pay more to maintain their current positions and hedge against sharp price movements in the short term.
This increase in IV in near-term contracts indicates a level of uncertainty among investors,” Kaiko analysts said in their Monday newsletter.
Investors also expect volatility to increase in Ethereum compared to Bitcoin.
Data from Amberdata shows that the difference between Deribit's 30-day Ethereum and Bitcoin forecast volatility indices (BTC DVOL and ETH DVOL) has consistently averaged around 10% since late May, significantly higher than the 5% average in the first quarter. shows that it is.
*This is not investment advice.*
#ETH🔥🔥🔥🔥 #ETFs. #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
XRP Price Surges 35% Amid Increased Sentiments as Investors Show FOMO
XRP price witnesses a remarkable 35% spike in eight days, triggering increased weighted sentiments as investors give in to FOMO.
A recent market analysis by Santiment, a market intelligence platform, highlights significant developments in the crypto market, particularly around XRP.
As the market continues its upward trend, XRP exhibits notable sentiment and price movements, reflecting investor behavior and market dynamics.
Rising Sentiment vs Price Movements:-
According to the latest data, XRP has seen a substantial increase in weighted sentiment. Over the past eight days, this metric has seen a dramatic surge, indicating a strong positive outlook among investors.
This rise in sentiment comes alongside an upward price trend. The correlation between rising sentiment and price suggests that investor enthusiasm is driving XRP’s recent performance.
The highlighted chart areas show significant spikes in both sentiment and price, pointing to potential FOMO (Fear of Missing Out) among investors.
Investors are becoming more optimistic, leading to higher trading activity. This euphoria can drive prices up further in the short term as more investors buy in, fearing they might miss out on potential gains.
Euphoria Around Litecoin Too:-
According to Santiment, Litecoin is also experiencing a notable surge in both price and sentiment. Over the past 7 days, Litecoin’s price has increased by 8.6% from its recent bottom.
Hypothetical Path to Double-Digit XRP Price:-
Meanwhile, XRP’s network growth shows fluctuations, with spikes indicating new address creations and an influx of new participants.
Trading volume for XRP has also increased, correlating with price movements and indicating high market activity. This upward trend in network growth, volume, and price suggests potential for further gains but also poses a risk of increased volatility.
#Xrp🔥🔥 #fomo #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
XRP price witnesses a remarkable 35% spike in eight days, triggering increased weighted sentiments as investors give in to FOMO.
A recent market analysis by Santiment, a market intelligence platform, highlights significant developments in the crypto market, particularly around XRP.
As the market continues its upward trend, XRP exhibits notable sentiment and price movements, reflecting investor behavior and market dynamics.
Rising Sentiment vs Price Movements:-
According to the latest data, XRP has seen a substantial increase in weighted sentiment. Over the past eight days, this metric has seen a dramatic surge, indicating a strong positive outlook among investors.
This rise in sentiment comes alongside an upward price trend. The correlation between rising sentiment and price suggests that investor enthusiasm is driving XRP’s recent performance.
The highlighted chart areas show significant spikes in both sentiment and price, pointing to potential FOMO (Fear of Missing Out) among investors.
Investors are becoming more optimistic, leading to higher trading activity. This euphoria can drive prices up further in the short term as more investors buy in, fearing they might miss out on potential gains.
Euphoria Around Litecoin Too:-
According to Santiment, Litecoin is also experiencing a notable surge in both price and sentiment. Over the past 7 days, Litecoin’s price has increased by 8.6% from its recent bottom.
Hypothetical Path to Double-Digit XRP Price:-
Meanwhile, XRP’s network growth shows fluctuations, with spikes indicating new address creations and an influx of new participants.
Trading volume for XRP has also increased, correlating with price movements and indicating high market activity. This upward trend in network growth, volume, and price suggests potential for further gains but also poses a risk of increased volatility.
#Xrp🔥🔥 #fomo #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
Fed's Jerome Powell Delivers Essential Message for Crypto Investors: Details
Federal Reserve Chair Jerome Powell has recently delivered remarks that might have implications for the crypto market.
On Monday, Powell stated that the central bank will not wait until inflation reaches 2% before cutting interest rates. Powell, speaking at the Economic Club of Washington, D.C., cited the premise that central bank policy operates with "long and variable lags" to explain why the Fed would not wait for its target to be met. According to Powell, the Fed seeks "greater confidence" that inflation will return to 2%.
Powell stated at the opening of his address that he did not aim to provide any signals about when the Fed would begin to lower interest rates. The central bank will hold its next policy meeting at the end of July. Other Fed officials are scheduled to speak this week. On Tuesday, investors will be looking for the latest retail sales data as well as import and export prices.
How cryptocurrencies reacted:-
The crypto market is posting a mixed reaction amid profit-taking after a bullish start to the week. However, most cryptocurrencies remained in the green as investors weighed comments from Federal Reserve Chairman Jerome Powell on the outlook for the economy and interest rates. A few cryptocurrencies and select meme coins are posting significant gains. Dogwifhat (WIF) and Floki (FLOKI) were up 20.35% and 18.4%, respectively, in the last 24 hours. Frog-themed cryptocurrency PEPE was up 23% in the last 24 hours.
Meanwhile, Bitcoin was up 0.46% in the last 24 hours to $63,166, reaching a near-one-month high of $65,025 earlier today. Fluctuating expectations for cuts in U.S. interest rates had reduced demand for riskier assets in recent weeks, with Bitcoin previously falling to lows last seen in February. The recent remark from the Fed Chairman, which raised the prospect of rate cuts, appears bullish for the crypto market.
#bitcoin☀️ #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #US_Job_Market_Slowdown
Federal Reserve Chair Jerome Powell has recently delivered remarks that might have implications for the crypto market.
On Monday, Powell stated that the central bank will not wait until inflation reaches 2% before cutting interest rates. Powell, speaking at the Economic Club of Washington, D.C., cited the premise that central bank policy operates with "long and variable lags" to explain why the Fed would not wait for its target to be met. According to Powell, the Fed seeks "greater confidence" that inflation will return to 2%.
Powell stated at the opening of his address that he did not aim to provide any signals about when the Fed would begin to lower interest rates. The central bank will hold its next policy meeting at the end of July. Other Fed officials are scheduled to speak this week. On Tuesday, investors will be looking for the latest retail sales data as well as import and export prices.
How cryptocurrencies reacted:-
The crypto market is posting a mixed reaction amid profit-taking after a bullish start to the week. However, most cryptocurrencies remained in the green as investors weighed comments from Federal Reserve Chairman Jerome Powell on the outlook for the economy and interest rates. A few cryptocurrencies and select meme coins are posting significant gains. Dogwifhat (WIF) and Floki (FLOKI) were up 20.35% and 18.4%, respectively, in the last 24 hours. Frog-themed cryptocurrency PEPE was up 23% in the last 24 hours.
Meanwhile, Bitcoin was up 0.46% in the last 24 hours to $63,166, reaching a near-one-month high of $65,025 earlier today. Fluctuating expectations for cuts in U.S. interest rates had reduced demand for riskier assets in recent weeks, with Bitcoin previously falling to lows last seen in February. The recent remark from the Fed Chairman, which raised the prospect of rate cuts, appears bullish for the crypto market.
#bitcoin☀️ #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7 #US_Job_Market_Slowdown
MicroStrategy’s Bitcoin Outperformance Continues As MSTR Stock Gains 15%
The MicroStrategy stock bounced back 22% over the last week as BTC price stages major recovery to $65,000. Investors accumulate before the stock split.
Microstrategy, the world’s largest corporate holder of Bitcoins, witnessed its MSTR share price surging by 15% on Monday’s trading session and giving a close at $1,611. This rally follows the Bitcoin price pump to $65,000 as BTC registers double-digital gains just over the last three trading sessions.
MicroStrategy Outperforms Bitcoin
Microstrategy (MSTR) has outperformed Bitcoin at every stage throughout the last year and continues to do so even today. While the Bitcoin price is up by 13% on the weekly chart, the MSTR share has gained more than 22% in the last five trading sessions.
Since the beginning of 20224, the MSTR share price has gained by a massive 135% while Bitcoin has gained 44% during the same time. Similarly, on the yearly chart, the MSTR stock is up by a massive 258%.
Of course, this current outperformance of MicroStrategy comes due to the company’s massive Bitcoin holdings on its balance sheet. Furthermore, MicroStrategy recently announced the MSTR stock split in the ratio of 10:1 to make the stock accessible to investors after its massive run-up over the past year. Ever since MicroStrategy decided to hold Bitcoins as part of its reserves, MSTR has outperformed some of the top tech giants on Wall Street, including Nvidia (NASDAQ: NVDA).
Crypto firms Adopt the Bitcoin Playbook
Following MicroStrategy’s success other small and mid-tier companies are also considering having Bitcoin holdings on their balance sheet and thus boost their share price. Metaplanet, also popular as Japan’s MicroStrategy, has accumulated 225 Bitcoin in the last two months of buying during the BTC price dips. During this period, the share price of Metaplanet has surged by 500%.
#Bitcoin❗ #MSTR #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
The MicroStrategy stock bounced back 22% over the last week as BTC price stages major recovery to $65,000. Investors accumulate before the stock split.
Microstrategy, the world’s largest corporate holder of Bitcoins, witnessed its MSTR share price surging by 15% on Monday’s trading session and giving a close at $1,611. This rally follows the Bitcoin price pump to $65,000 as BTC registers double-digital gains just over the last three trading sessions.
MicroStrategy Outperforms Bitcoin
Microstrategy (MSTR) has outperformed Bitcoin at every stage throughout the last year and continues to do so even today. While the Bitcoin price is up by 13% on the weekly chart, the MSTR share has gained more than 22% in the last five trading sessions.
Since the beginning of 20224, the MSTR share price has gained by a massive 135% while Bitcoin has gained 44% during the same time. Similarly, on the yearly chart, the MSTR stock is up by a massive 258%.
Of course, this current outperformance of MicroStrategy comes due to the company’s massive Bitcoin holdings on its balance sheet. Furthermore, MicroStrategy recently announced the MSTR stock split in the ratio of 10:1 to make the stock accessible to investors after its massive run-up over the past year. Ever since MicroStrategy decided to hold Bitcoins as part of its reserves, MSTR has outperformed some of the top tech giants on Wall Street, including Nvidia (NASDAQ: NVDA).
Crypto firms Adopt the Bitcoin Playbook
Following MicroStrategy’s success other small and mid-tier companies are also considering having Bitcoin holdings on their balance sheet and thus boost their share price. Metaplanet, also popular as Japan’s MicroStrategy, has accumulated 225 Bitcoin in the last two months of buying during the BTC price dips. During this period, the share price of Metaplanet has surged by 500%.
#Bitcoin❗ #MSTR #ETH_ETF_Approval_23July #Mt_Gox_BTC_Dip #BinanceTurns7
Is the Bitcoin (BTC) Bull Over? What Do Small Investors Think? Here are the Current Survey Results!
The decline in Bitcoin (BTC) and altcoins, which started in June, continued in the first week of July. While the sharp declines made investors nervous, speculations that the bull market was over were put forward.
At this point, Coingecko conducted a recent survey to gauge investors' predictions.
Accordingly, 81.6%, which constitutes the majority of cryptocurrency investors, said they believe that the crypto bull run is not over yet.
One in two respondents, 52.3%, predicted that the current bull run is still in its early or early stages, while 29.3% thought the market was in the middle of a bull run.
In contrast, only 18.4% of respondents think the current crypto bull market is in its final stages or has already ended.
Similar predictions were made about what stage of the current cycle the market is in, distinguishing between newcomers to the crypto industry and experienced investors.
52.7% of investors with 0-3 years of crypto experience; 52.2% of investors with 4-7 years of crypto experience and 51.8% of investors with 8 years or more of crypto experience predicted that the current bull run is still in its beginning or early stages.
81.7% of respondents believe that the crypto market has not yet reached its peak and that the market will continue its upward trend when the real bull starts.
The rate of participants who say “We have reached the peak for this cycle, the market will only go down from now on” is 8.1%.
It was stated that 2,558 crypto investors participated in the anonymous survey between June 25 and July 8, 2024.
#BTC☀ #Bitcoin❗ #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7
The decline in Bitcoin (BTC) and altcoins, which started in June, continued in the first week of July. While the sharp declines made investors nervous, speculations that the bull market was over were put forward.
At this point, Coingecko conducted a recent survey to gauge investors' predictions.
Accordingly, 81.6%, which constitutes the majority of cryptocurrency investors, said they believe that the crypto bull run is not over yet.
One in two respondents, 52.3%, predicted that the current bull run is still in its early or early stages, while 29.3% thought the market was in the middle of a bull run.
In contrast, only 18.4% of respondents think the current crypto bull market is in its final stages or has already ended.
Similar predictions were made about what stage of the current cycle the market is in, distinguishing between newcomers to the crypto industry and experienced investors.
52.7% of investors with 0-3 years of crypto experience; 52.2% of investors with 4-7 years of crypto experience and 51.8% of investors with 8 years or more of crypto experience predicted that the current bull run is still in its beginning or early stages.
81.7% of respondents believe that the crypto market has not yet reached its peak and that the market will continue its upward trend when the real bull starts.
The rate of participants who say “We have reached the peak for this cycle, the market will only go down from now on” is 8.1%.
It was stated that 2,558 crypto investors participated in the anonymous survey between June 25 and July 8, 2024.
#BTC☀ #Bitcoin❗ #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7
XRP reclaims $0.5 support as analyst identifies next key price target for ‘wild moves’
On the one-year anniversary of being declared not a security by the court in the ongoing Ripple and Securities Exchange Commission (SEC) case, XRP is experiencing bullish momentum.
This comes after extended correction and consolidation below the $0.60 mark.
Indeed, the cryptocurrency has regained the $0.50 support level, recording double-digit gains on the daily and weekly charts. Notably, XRP previously sparked concerns over its sustainability after losing the $0.50 support.
As of press time, XRP was trading at $0.53, having rallied over 16% in the last 24 hours. On the weekly chart, the token is up 20%.
Next key XRP targets to watch:-
Based on the current price movement, crypto analyst Dark Defender suggested in an X post on July 13 that the bounce from the $0.3917 support level has reinforced investor confidence, setting the stage for ‘wild moves’ in the price of XRP.
According to the analysis, the next critical price target for XRP is $0.6649. The analyst noted that breaking through this resistance is crucial for XRP to continue its bullish trend.
The analysis suggested that holding above this level could see XRP reaching as high as $1.88, followed by $5.85, before a correction to $3.09. An extended rally could potentially push XRP towards $18.22.
Impact of court ruling
It’s worth noting that on July 13, Judge Analisa Torres indicated the XRP Ledger’s native token’s security status in her ruling. She segregated XRP’s secondary market sales from institutional sales and noted that the former does not constitute a security.
In a recent development in the SEC vs. Binance lawsuit, Judge Amy Berman Jackson cited Judge Torres’ ruling as precedent, further cementing Ripple’s non-security status.
The ruling brought regulatory clarity to the industry, as cryptocurrencies have often operated in a gray area, with agencies struggling to classify and regulate them appropriately.
#Xrp🔥🔥 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7
On the one-year anniversary of being declared not a security by the court in the ongoing Ripple and Securities Exchange Commission (SEC) case, XRP is experiencing bullish momentum.
This comes after extended correction and consolidation below the $0.60 mark.
Indeed, the cryptocurrency has regained the $0.50 support level, recording double-digit gains on the daily and weekly charts. Notably, XRP previously sparked concerns over its sustainability after losing the $0.50 support.
As of press time, XRP was trading at $0.53, having rallied over 16% in the last 24 hours. On the weekly chart, the token is up 20%.
Next key XRP targets to watch:-
Based on the current price movement, crypto analyst Dark Defender suggested in an X post on July 13 that the bounce from the $0.3917 support level has reinforced investor confidence, setting the stage for ‘wild moves’ in the price of XRP.
According to the analysis, the next critical price target for XRP is $0.6649. The analyst noted that breaking through this resistance is crucial for XRP to continue its bullish trend.
The analysis suggested that holding above this level could see XRP reaching as high as $1.88, followed by $5.85, before a correction to $3.09. An extended rally could potentially push XRP towards $18.22.
Impact of court ruling
It’s worth noting that on July 13, Judge Analisa Torres indicated the XRP Ledger’s native token’s security status in her ruling. She segregated XRP’s secondary market sales from institutional sales and noted that the former does not constitute a security.
In a recent development in the SEC vs. Binance lawsuit, Judge Amy Berman Jackson cited Judge Torres’ ruling as precedent, further cementing Ripple’s non-security status.
The ruling brought regulatory clarity to the industry, as cryptocurrencies have often operated in a gray area, with agencies struggling to classify and regulate them appropriately.
#Xrp🔥🔥 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7
Ethereum News: Whale Scoops $33M ETH As Spot ETF Approval Speculation Looms
Ethereum News: whale buys $33M worth of ETH as speculation about spot ETF approval heats up. Unravel the market implications of this major acquisition.
A significant Ethereum whale has made a substantial purchase, investing millions into the second-largest cryptocurrency by market capitalization. This notable transaction occurred at a crucial time, as the crypto community anxiously awaits potential approval of spotted Ethereum ETFs by the U.S. Securities and Exchange Commission.
The timing of this large-scale acquisition, combined with the ongoing regulatory uncertainty, has ignited intense interest among investors and analysts. Many view this as a possible indicator of shifting market dynamics for Ethereum.
Details Of The Whale Purchase & Market Context:-
A significant Ethereum transaction has caught the attention of the crypto community, highlighting growing interest in the cryptocurrency as speculation about ETF approval intensifies. An Ethereum wallet, identified by the address 0x517…7aF15, has made a substantial purchase of 10,545 ETH coins.
This acquisition occurred over a brief three-hour period, indicating a rapid and decisive move by the buyer. The total value of this purchase amounts to approximately $33.29 million, with each ETH coin acquired at an average price of $3,156. Interestingly, the buyer executed this large purchase through five separate transfers. Each transfer involved an identical amount of ETH, suggesting a strategic and possibly automated buying approach.
Current Ethereum Market Status & Regulatory Outlook
As of the latest data, Ethereum price is trading at $3,153.88, with a 24-hour trading volume of $8.9 billion. This represents a 1.30% price increase over the last 24 hours and a 4.60% increase over the past week. The current circulating supply stands at 120 million ETH.
#ETH🔥🔥🔥🔥 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #ETH_ETFs_Approval_Predictions
Ethereum News: whale buys $33M worth of ETH as speculation about spot ETF approval heats up. Unravel the market implications of this major acquisition.
A significant Ethereum whale has made a substantial purchase, investing millions into the second-largest cryptocurrency by market capitalization. This notable transaction occurred at a crucial time, as the crypto community anxiously awaits potential approval of spotted Ethereum ETFs by the U.S. Securities and Exchange Commission.
The timing of this large-scale acquisition, combined with the ongoing regulatory uncertainty, has ignited intense interest among investors and analysts. Many view this as a possible indicator of shifting market dynamics for Ethereum.
Details Of The Whale Purchase & Market Context:-
A significant Ethereum transaction has caught the attention of the crypto community, highlighting growing interest in the cryptocurrency as speculation about ETF approval intensifies. An Ethereum wallet, identified by the address 0x517…7aF15, has made a substantial purchase of 10,545 ETH coins.
This acquisition occurred over a brief three-hour period, indicating a rapid and decisive move by the buyer. The total value of this purchase amounts to approximately $33.29 million, with each ETH coin acquired at an average price of $3,156. Interestingly, the buyer executed this large purchase through five separate transfers. Each transfer involved an identical amount of ETH, suggesting a strategic and possibly automated buying approach.
Current Ethereum Market Status & Regulatory Outlook
As of the latest data, Ethereum price is trading at $3,153.88, with a 24-hour trading volume of $8.9 billion. This represents a 1.30% price increase over the last 24 hours and a 4.60% increase over the past week. The current circulating supply stands at 120 million ETH.
#ETH🔥🔥🔥🔥 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #ETH_ETFs_Approval_Predictions
BREAKING! Donald Trump Was Attacked! There Was a Sudden Jump in the Price of This Altcoin!- Bitcoin Passed $59,000!
After the Trump news, there was a big rise in the memecoin named TRUMP (MAGA).
According to breaking information, US presidential candidate Donald Trump was attacked during his rally in Pennsylvania.
According to CNN, shots were opened at Trump during the rally. Immediately after this attack, Trump was removed by secret service agents and police. The report stated that Trump raised his fist in the air after the incident and gave the message that he was fine.
CNN reported in its report that the Secret Service said Trump was safe.
CNN also reported that a spokesman said Trump was “fine” and called the incident a “disgusting act.”
In the images on social media, Trump was seen bleeding from his ear.
After the Trump news and the understanding that he was good, there was a big rise in the memecoin named TRUMP (MAGA). Accordingly, the MAGA price increased by 42% within minutes. Meanwhile, the price of Bitcoin (BTC) exceeded $ 59,000.
*This is not investment advice.*
#donaldtrump #BTC☀ #MAGA #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date
After the Trump news, there was a big rise in the memecoin named TRUMP (MAGA).
According to breaking information, US presidential candidate Donald Trump was attacked during his rally in Pennsylvania.
According to CNN, shots were opened at Trump during the rally. Immediately after this attack, Trump was removed by secret service agents and police. The report stated that Trump raised his fist in the air after the incident and gave the message that he was fine.
CNN reported in its report that the Secret Service said Trump was safe.
CNN also reported that a spokesman said Trump was “fine” and called the incident a “disgusting act.”
In the images on social media, Trump was seen bleeding from his ear.
After the Trump news and the understanding that he was good, there was a big rise in the memecoin named TRUMP (MAGA). Accordingly, the MAGA price increased by 42% within minutes. Meanwhile, the price of Bitcoin (BTC) exceeded $ 59,000.
*This is not investment advice.*
#donaldtrump #BTC☀ #MAGA #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date
VeChain Poised for a Breakout, MA 50 Breakthrough Could Lead to Major Gains
•VeChain (VET) is attempting to breach the 50-day MA, signaling a potential shift from a bearish to bullish trend.
•VeChain exhibits a bullish falling wedge pattern, suggesting a breakout when the price breaks above the upper trendline.
•VeChain’s supply chain solutions and broader crypto market recovery contribute to its bullish outlook.
VeChain (VET) is on the cusp of a significant breakout. Currently trading at $0.0287, VET is trying to breach the 50-day and 50-week moving averages (MA). This critical zone could be the key to substantial gains.
The Significance of the 50 MA:-
The 50 MA is a vital indicator that signals a change in trend. When a cryptocurrency breaks above this average, it can indicate a shift from a bearish to a bullish trend. For VeChain, this breakthrough could mark the start of a major uptrend.
At present, the price of VET has reached 50 MA on both the daily and weekly charts. The coin has shown resilience by maintaining its position just below this crucial level. A sustained move above the 50 MA could spark a rally, potentially leading to a significant price surge.
The Falling Wedge Chart Pattern:-
The falling wedge pattern is another factor to consider. This pattern is a bullish signal that often forms when the price makes lower highs and lower lows, converging towards a point.
Once the price breaks above the upper trendline, a breakout is confirmed. VeChain is currently exhibiting this pattern, adding weight to the bullish sentiment.
Moreover, market conditions are ripe for a VeChain breakout. Recent developments in the crypto space, including positive regulatory news and increased adoption, have created a favorable environment. The overall market sentiment is shifting, with many investors eyeing VeChain as a potential high-reward asset.
#VeChain #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike
•VeChain (VET) is attempting to breach the 50-day MA, signaling a potential shift from a bearish to bullish trend.
•VeChain exhibits a bullish falling wedge pattern, suggesting a breakout when the price breaks above the upper trendline.
•VeChain’s supply chain solutions and broader crypto market recovery contribute to its bullish outlook.
VeChain (VET) is on the cusp of a significant breakout. Currently trading at $0.0287, VET is trying to breach the 50-day and 50-week moving averages (MA). This critical zone could be the key to substantial gains.
The Significance of the 50 MA:-
The 50 MA is a vital indicator that signals a change in trend. When a cryptocurrency breaks above this average, it can indicate a shift from a bearish to a bullish trend. For VeChain, this breakthrough could mark the start of a major uptrend.
At present, the price of VET has reached 50 MA on both the daily and weekly charts. The coin has shown resilience by maintaining its position just below this crucial level. A sustained move above the 50 MA could spark a rally, potentially leading to a significant price surge.
The Falling Wedge Chart Pattern:-
The falling wedge pattern is another factor to consider. This pattern is a bullish signal that often forms when the price makes lower highs and lower lows, converging towards a point.
Once the price breaks above the upper trendline, a breakout is confirmed. VeChain is currently exhibiting this pattern, adding weight to the bullish sentiment.
Moreover, market conditions are ripe for a VeChain breakout. Recent developments in the crypto space, including positive regulatory news and increased adoption, have created a favorable environment. The overall market sentiment is shifting, with many investors eyeing VeChain as a potential high-reward asset.
#VeChain #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #SOFR_Spike
Ripple CEO and CLO Celebrate This XRP Day
Top Ripple executives join the broader XRP community to celebrate the first anniversary of Judge Analisa Torres’ summary judgment decision in the SEC lawsuit.
Significance of July 13:-
July 13 is a special day within the XRP community. On July 13, 2023, Ripple secured a partial legal victory against the U.S. Securities and Exchange Commission (SEC).
The ruling judge, Analisa Torres, declared that XRP is not, in and of itself, a security. She also ruled that certain XRP-related transactions the SEC alleged to be securities were not. This includes programmatic sales of XRP on secondary markets and other distributions of the coin.
Nonetheless, the court held that Ripple’s institutional sales of XRP violated Section 5 of the Securities Act. Although this portion of the ruling is being litigated in the remedies phase of the lawsuit, Ripple still considers Judge Torres’ summary judgment decision to be a complete victory for XRP.
Ripple CEO Celebrates:-
One year after the Judge issued the summary judgment ruling, Ripple CEO Brad Garlinghouse and other XRP enthusiasts took to X to reflect on the legal victory.
In an X post yesterday, Garlinghouse characterized July 13 as a very good day for Ripple and the industry. On a personal note, he views this day as a core memory.
He emphasized that Ripple had the conviction to fight the SEC, which he characterized as a bully that has unfairly targeted the crypto industry. The Ripple CEO noted that from the beginning of the legal tussle, he has always known that the company was on the right side of the law and would also be on the right side of history.
Furthermore, he criticized Gary Gensler’s SEC leadership for waging a war on crypto. He accused the securities agency of attempting to destroy the industry with failed lawsuits, defamation, misleading statements, and intimidation.
#Xrp🔥🔥 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #Megadrop
Top Ripple executives join the broader XRP community to celebrate the first anniversary of Judge Analisa Torres’ summary judgment decision in the SEC lawsuit.
Significance of July 13:-
July 13 is a special day within the XRP community. On July 13, 2023, Ripple secured a partial legal victory against the U.S. Securities and Exchange Commission (SEC).
The ruling judge, Analisa Torres, declared that XRP is not, in and of itself, a security. She also ruled that certain XRP-related transactions the SEC alleged to be securities were not. This includes programmatic sales of XRP on secondary markets and other distributions of the coin.
Nonetheless, the court held that Ripple’s institutional sales of XRP violated Section 5 of the Securities Act. Although this portion of the ruling is being litigated in the remedies phase of the lawsuit, Ripple still considers Judge Torres’ summary judgment decision to be a complete victory for XRP.
Ripple CEO Celebrates:-
One year after the Judge issued the summary judgment ruling, Ripple CEO Brad Garlinghouse and other XRP enthusiasts took to X to reflect on the legal victory.
In an X post yesterday, Garlinghouse characterized July 13 as a very good day for Ripple and the industry. On a personal note, he views this day as a core memory.
He emphasized that Ripple had the conviction to fight the SEC, which he characterized as a bully that has unfairly targeted the crypto industry. The Ripple CEO noted that from the beginning of the legal tussle, he has always known that the company was on the right side of the law and would also be on the right side of history.
Furthermore, he criticized Gary Gensler’s SEC leadership for waging a war on crypto. He accused the securities agency of attempting to destroy the industry with failed lawsuits, defamation, misleading statements, and intimidation.
#Xrp🔥🔥 #CPI_BTC_Watch #Ethereum_ETFs_Expected_Date #BinanceTurns7 #Megadrop