Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
CryptoFeed_News
--・295 views
#WRITE2earn Market Trends Update: #Bitcoin and #Ether Prices, Watch #MarketDecline #EthereumDown $BTC $ETH Bitcoin (BTC) experienced a drop of almost 4%, dipping below $62,500 during the early hours of the Asian business day. At the same time, Ether (ETH) is holding steady above the $3,000 mark. The Bitcoin Trend Indicator (BTI) has shifted from bullish to neutral, indicating a waning of upward momentum. This indicator, updated daily, communicates both the direction and strength of Bitcoin's price trends through a specialized algorithm. Since October 2023, the Bitcoin BTI has consistently signaled an uptrend or a significant upward movement, coinciding with reports of major fund managers nearing discussions' end with the Securities and Exchange Commission (SEC) regarding the launch of spot bitcoin exchange-traded funds (ETFs). Similarly, Ether's trend indicator has also reached a neutral position. Market data reveals that on April 15, there were no outflows from any bitcoin ETFs except for GBTC. The total flow for last week saw a negative of $82.5 million, primarily due to outflows from GBTC. Matteo Greco, a Research Analyst at Fineqia, noted in a statement shared with CoinDesk that despite the market downturn, trading volumes remained strong. BTC Spot ETFs recorded a weekly trading volume of about $16.2 billion, averaging $3.2 billion per day. Since inception, the cumulative trading volume stands at approximately $212 billion, with an average daily trading volume of around $3.3 billion. Meanwhile, a recent report from Watchcharts.com and Morgan Stanley highlights a continued decline in luxury watch prices. The report suggests that despite the robust performance of equity and crypto markets, which might have temporarily eased downward pressure on prices, the secondary market for watches saw sequential contraction in the first quarter. High inventory levels are cited as a primary reason for the ongoing decline in market prices, leading the report to conclude that it's premature to anticipate an immediate recovery in the secondary watch market.

#WRITE2earn Market Trends Update: #Bitcoin and #Ether Prices, Watch #MarketDecline #EthereumDown

$BTC $ETH

Bitcoin (BTC) experienced a drop of almost 4%, dipping below $62,500 during the early hours of the Asian business day. At the same time, Ether (ETH) is holding steady above the $3,000 mark.

The Bitcoin Trend Indicator (BTI) has shifted from bullish to neutral, indicating a waning of upward momentum. This indicator, updated daily, communicates both the direction and strength of Bitcoin's price trends through a specialized algorithm.

Since October 2023, the Bitcoin BTI has consistently signaled an uptrend or a significant upward movement, coinciding with reports of major fund managers nearing discussions' end with the Securities and Exchange Commission (SEC) regarding the launch of spot bitcoin exchange-traded funds (ETFs).

Similarly, Ether's trend indicator has also reached a neutral position.

Market data reveals that on April 15, there were no outflows from any bitcoin ETFs except for GBTC. The total flow for last week saw a negative of $82.5 million, primarily due to outflows from GBTC.

Matteo Greco, a Research Analyst at Fineqia, noted in a statement shared with CoinDesk that despite the market downturn, trading volumes remained strong. BTC Spot ETFs recorded a weekly trading volume of about $16.2 billion, averaging $3.2 billion per day. Since inception, the cumulative trading volume stands at approximately $212 billion, with an average daily trading volume of around $3.3 billion.

Meanwhile, a recent report from Watchcharts.com and Morgan Stanley highlights a continued decline in luxury watch prices. The report suggests that despite the robust performance of equity and crypto markets, which might have temporarily eased downward pressure on prices, the secondary market for watches saw sequential contraction in the first quarter. High inventory levels are cited as a primary reason for the ongoing decline in market prices, leading the report to conclude that it's premature to anticipate an immediate recovery in the secondary watch market.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
CryptoFeed_News
@cryptofeed_news

Explore More From Creator

#Write2earn DOGECOIN AND DOG MEME COINS GEAR UP FOR JUNE RALLY AMID CRYPTO SUMMER SURG #doge⚡ #Shiba #Floki #Bonk $FLOKI $DOGE $BONK After a strong May, Dogecoin and other dog-themed meme coins are eyeing bigger gains in June as the crypto summer heats up. Dogecoin Eyes $1 Surge Dogecoin, the top dog-themed coin, could see a 700% rally, with predictions of it hitting $1.17. Crypto trader Mags, who previously predicted a 170x DOGE surge, now forecasts a 7x gain. Other analysts agree, with Ali and Capt Toblerone projecting DOGE near $1.5, backed by increased whale activity. Bullish Impact on Other Meme Coins Shiba Inu (SHIB): Known as the "Dogecoin killer," SHIB has seen whale activity boost its price. It recently hit $0.00002607 and could rise further. FLOKI: Up 11% after Coinbase's futures trading announcement, FLOKI is close to its all-time high and might reach $0.00058 in June. BONK: With a recent 12% surge, BONK is approaching its peak of $0.00004704 and could climb to $0.00008321 soon. Conclusion June looks promising for Dogecoin and other dog-themed meme coins, with technical indicators suggesting significant rallies ahead.
--
#Write2earn Aptos Hits Record Transaction Volumes with 115 Million Transactions in One Day $APT #Aptos #Layer1 #APT Activity on the Layer 1 blockchain Aptos surged last week, reaching record transaction volumes. From May 21 to May 24, transactions on the network skyrocketed from 875,000 to 16 million, a 2,000% increase. This growth continued, with Aptos processing 97 million transactions on May 23 and peaking at 115 million on May 24, setting an all-time high. Although transactions cooled to 24 million on May 25, they remain significantly above average. Aptos aims to achieve 1 million transactions per second (TPS), and on May 24, it hit a record of 1,078 TPS. The price of APT has also seen a 6% increase today, reaching $9.65, according to CoinMarketCap. Despite this, its market cap has dropped 30% from its peak of $7.1 billion on March 26 to $4.1 billion. This transaction spike has positioned Aptos ahead of major blockchains like Solana, which recorded 32 million transactions, according to Coin98 analytics. Sui and Near Protocol followed with 19 million and 9 million transactions, respectively. Several factors are driving users to Aptos. Thala Labs, a DeFi liquidity engine, is integrating USDM for tokenization on Aptos, and the TruFin protocol is enabling institutional-grade staking on the network. However, some users speculate that the spike might be due to bots or voting activity typical in proof-of-stake ecosystems like Aptos. Only time will tell if this surge in activity is temporary. Aptos, developed by former Facebook employees, gained significant attention before its launch in October 2022. The project highlights its upgradeability, the Move programming language, and a "people-first user experience" as key differentiators from other Layer 1 networks.
--
#Write2earn Arbitrum Community Proposes 200 Million ARB Incentive for Web3 Gaming Development #Arbitrum #Web3gaming $ARB #ARB🔥🔥🔥 In a bid to supercharge web3 gaming on Ethereum's Layer 2, the Arbitrum community rallies behind a proposal to allocate 200 million ARB tokens—worth $250 million—to spur game development. With 35 million ARB already in favor, the Gaming Catalyst Program (GCP) aims to incentivize developers over three years, yet it needs 105.57 million ARB votes for quorum by June 7. The GCP seeks to replicate DeFi's success, leveraging Arbitrum's $19.3 billion TVL to ignite gaming growth. It plans to allocate 160 million ARB for onboarding and growth, 40 million for infrastructure, and $25 million for operational expenses, overseen by a diverse council. As GameFi booms, with a market cap of $22.7 billion, the GCP could position Arbitrum as a powerhouse in the gaming sector's web3 revolution.
--
#Write2earn Ethereum Surges Towards $4,000 Milestone and PEPE rise #Ethereum #pepe #Wojak #EthereumEcosystem $PEPE $ETH The cryptocurrency arena is ablaze as Ethereum (ETH) edges closer to the $4,000 mark, fueled by the recent approval of spot Ether exchange-traded funds (ETFs) by the SEC. Monday saw a surge in crypto markets, with Ethereum marking a 3.5% leap, pushing its weekly gain to an impressive 27%. Meanwhile, Bitcoin is back above the $70,000 threshold, and Solana witnessed a 2% appreciation, according to CoinGecko data. Notably, Ethereum-based meme coin PEPE skyrocketed by 80% over the past week, boasting a market capitalization nearing $7.2 billion, surpassing Polygon (MATIC) and closing in on Uniswap (UNI). This surge in PEPE catalyzed a rally in the Ethereum memecoin sector, with TURBO witnessing a staggering 450% surge and MOG and WOJAK up by over 150%. Over on Solana, BONK leads with a 52% weekly gain, accompanied by a 22% rise in WIF. Michael Van de Poppe, CEO of MN Trading, highlights the importance of Bitcoin breaching the $70K mark on a Low Time Frame (LTF) basis, predicting a new All-Time High (ATH) once achieved. Data from Farside reveals over a billion dollars flowing into Bitcoin ETFs last week. Additionally, CoinGlass data indicates crucial liquidity zones forming around the $68,100 and $68,900 price levels, suggesting significant support or resistance points that influence price dynamics as traders zero in on these levels. In parallel, as the political landscape heats up, former U.S. President Donald Trump emphasized America's pivotal role in the cryptocurrency domain, underlining the nation's aim to lead in this burgeoning industry. With the U.S. stock market closed on Monday for Memorial Day observance, the cryptocurrency realm continues to capture investors' attention with its dynamic movements.
--
#Write2earn #Dogwifhat $WIF Price Analysis: Bullish Momentum and Potential Breakout Ahead #WIF #Memecoin #solanamemecoin $SOL A major Solana investor's move triggers a 7% surge in Dogwifhat (WIF) price, hinting at a possible breakout. With an 8.3% increase in the last 24 hours, WIF hits $3.24, marking a notable 15.5% rise over 7 days. Price Analysis: WIF on the Verge of Breakout Chart patterns suggest bullish momentum for WIF. Trading above key moving averages, WIF forms an ascending triangle, with resistance at $3.5. Analysts foresee a potential surge to $50, driven by a daily bull pennant formation. Whale Activity Fuels Optimism A Solana whale's $2.98M purchase of 953,177 WIF tokens at $3.13 sparks the recent surge. Earlier, a $90,000 profit from a $2.81 entry highlights whales' impact on crypto markets. Conclusion: Dogwifhat's meteoric rise places WIF among the top 30 cryptocurrencies. As Solana meme coins gain traction, WIF's potential breakout could signal further escalation in meme coin prices.
--

Latest News

DWF Labs Transfers 5 Million USDT To A Former LADYS Deployment Address
--
Meme Coin LADYS Experiences Significant Increase, DWF Labs Transfers 5 Million USDT
--
Dune Launches Enterprise Solution Dune Catalyst To Support More Chains
--
Polygon Co-Founder Sandeep Takes Over As CBO After Strategic Shift To ZK Protocol
--
DWF Labs Partner Andrei Grachev Expresses Interest in Meme Coin Projects
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie