What would Bitcoin look like in the 1970s? #BTC‬ #1970s #bi | koinmilyoner on Binance Square

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What would Bitcoin look like in the 1970s?
#BTC‬ #1970s #bitcoin $BTC  

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Ripple investors surrender for ninth day as XRP falls below $0.47 Thursday was the ninth straight day of XRP token losses for Ripple investors. Santiment data shows traders lost $41 million since June 18. In the previous week, XRP has lost nearly 5% to $0.47. Ripple (XRP) retains the recent fall at $0.47 Thursday. On-chain data suggests that whales holding 1 million to 10 million XRP distributed their tokens at a loss after the price drop. The graphic below illustrates that XRP investors lost almost $41 million between June 18 and June 27 based on Santiment on-chain data. The negative spikes in Network Realized Profit/oLss illustrate XRP traders' nine-day losses. Capitulation occurs when traders consistently lose. NPL Different XRP investors responded differently to the price drop. Wallet addresses with 10,000–100,000 XRP tokens and 100,000–1 million coins bought the dip. Investors with 1–10 million XRP divided their shares at a loss. This phase usually involves capitulation before asset price recovery, as seen in the chart below. Ripple Distribution of XRP In the absence of an SEC vs. Ripple litigation update, traders are analyzing Bitcoin price movements to predict XRP's direction. In the last week, XRP has dropped roughly 5% to $0.47. Technical analysis: Ripple losses may extend 3.5%. Ripple is falling, hovering at $0.47 on Thursday. If the slide continues, XRP may hit $0.4508, the June 7 low. If the cryptocurrency recovers, XRP might fill the Fair Value Gap between $0.4731 and $0.4710 before falling again. The MACD indicator confirms the bearish thesis with the signal line above the MACD line and the red histogram bars beneath the neutral line. Price momentum is negative for Ripple. Ripple's close over the Fair Value Gap between $0.4825 and $0.4841 might undermine the bearish argument and propel XRP above $0.4955 barrier. #XRP #Ripple $XRP

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German and US Governments Sell Bitcoin, El Salvador Holds Following a US-German government development, Bitcoin (BTC) and the crypto market may fall further. On-chain data implies both governments are selling a lot of BTC. US Government Sends Coinbase Prime $240 Million In Bitcoin Arkham Intelligence said on X (previously Twitter) that the US government transferred Coinbase Prime 3,940 BTC ($240 million). This has generated concerns that the government may sell these crypto tokens, which would put further pressure on the main coin. Arkham said this BTC was seized from drugs trafficker Banmeet Singh during his trial earlier this year. Singh sold narcotics on the Silk Road, a dark web network from which the US authorities confiscated a lot of Bitcoin. The US government has sold some Silk Road BTC, which put pressure on the flagship coin. March saw their latest sale of 9,861 BTC ($216 million). They have not confirmed the sale of the 3,940 BTC transferred to Coinbase, suggesting it has not been sold. Other than the US government, others want to dump on the market. Arkham Intelligence reports that the German government sent 125 BTC ($7.71 million) apiece to Kraken and Bitstamp. They just sent 400 BTC ($24 million) to Kraken and Coinbase. The German government sent 1,000 BTC to an unknown address (139Po), maybe another crypto exchange. Given Bitcoin's current selling pressure, the US and German governments' possible sales are more concerning. Bitcoinist said that BTC miners sold 30,000 BTC ($2 billion) this month, leading to the crypto's enormous drop since the month started. A Different Government Holds El Salvador is keeping its Bitcoin assets while the US and other governments sell them. El Salvador embraced Bitcoin as legal cash in September 2021 and started a '1 Bitcoin a day campaign' in November 2022, buying 1 BTC daily. Arkham Intelligence reveals they have 5,794 BTC ($351.82 million) and followed this strategy. Foreign investments and mining have helped El Salvador accumulate. #Elsalvador #ABD #Germany $BTC

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VanEck files US Solana ETF After Bitcoin ETFs were approved in January, VanEck filed to establish a Solana spot ETF in the US. The asset manager calls Solana "a commodity, like Bitcoin or Ether." Solana rises almost 10% after the filing. Following Van Eck's registration of the first Solana ETF in the US, Solana (SOL) rose 8.2% on Thursday. The firm's head of digital assets research, Matthew Sigel, tweeted the decision alongside an S-1 registration form for an investment trust with the US Securities and Exchange Commission. Van Eck, who filed the first Ethereum ETF in 2021, may mark a trend as spot Bitcoin and Ethereum ETFs may lead to other US crypto ETFs. The SEC formerly classified SOL as a security. “SOL’s decentralized nature, high utility, and economic feasibility align with other established digital commodities, reinforcing our belief that SOL may be a valuable commodity with use cases for investors, builders, and entrepreneurs looking for alternatives to the duopoly app stores,” Sigel said. Solana rose 8.2% Thursday to $147.96. ETF announcement enhances Solana pricing outlook. Solana pricing burst out of a falling channel pattern on Tuesday, surging 8.2% on Thursday to $147.96 after Van Eck filed the first Solana ETF. Swing lows and highs from June 6–25 revealed this channel pattern. SOL might climb 14% to retest its weekly resistance level at $172.93 if it closes over $151.79, its June 17 daily high. The daily RSI is rising from an oversold state and trying to break above 50. However, the Awesome Oscillator (AO) remains below mean zero. If bulls are making a return, both momentum indicators must stay over neutrality. This would boost the rebound rally. #Solana #Sol #ETF $SOL

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🔥Why Research Companies have a tremendous chance to benefit from Decentralized Physical Infrastructure Networks (DePIN) As the year 2024 approaches, the blockchain and the actual world are becoming more intertwined. This is because people all over the world have come to the realization that blockchain technology has the power to propel civilization ahead and that it has the potential to transform a wide range of sectors via the implementation of decentralized and distributed concepts. It is necessary to do research in order to accomplish the desired results and make use of resources that are underused on a global scale. The study in question, on the other hand, requires a substantial amount of computer power and data storage, both of which have been shown to be expensive obstacles in the way of R&D's ambition to make progress. 🔥The DePIN is the key to the door A marketplace for distributed cloud computing power is provided by nuco.cloud. This marketplace is supported by the DePIN technology, tools, and people in order to provide it to those who have the greatest need for it. It is up to you to decide where the data comes from, how much you need, and a time frame. It is up to you to decide what happens. In the case of our nuco.cloud PRO product, idle compute is obtained from professional data centers located all over the world. After that, it is networked in a smooth manner by using our innovative nuco.cloud SKYNET technology. Finally, research organizations are able to get access to dispersed computing capacity for a fraction of the cost, which enables them to allocate more resources to the work that is most essential to them. Once again, the blockchain provides a solution that bridges the gap between the actual world and the blockchain, which encourages adoption rather than requiring it. We are making the use of our DePIN technology a no-brainer by eliminating the need for any hardware needs, fees associated with installation or integration, risks associated with downtime, and security concerns. #nucocloud #NCDT #DePIN

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Shiba Inu Price to Rise? SHIB Targets $0.000085 Buy Zone Shiba Inu has declined 1% in 24 hours to $0.00001725 while the crypto market rises 0.5% today. The meme token has dropped 8% in a week and 33% in a month, although it has gained 125% in the last year. Its losses placed it in a deeply oversold position, thus technical analysis suggests a comeback shortly. With the market showing signs of revival, the Shiba Inu price might conclude the year strong. Shiba Inu Price to Rise? SHIB Targets $0.000085 Buy Zone SHIB's chart shows indicators rising from oversold levels, suggesting a comeback. Its purple relative strength indicator is climbing to 50 today after reaching 30 this morning. SHIB's 30-day average (orange) has been below the 200-day (blue) for weeks, indicating substantial overselling. SHIB's data shows low activity, $200 million today compared to $2 billion roughly a month ago. While this shows no reduction, SHIB's lesser volume makes it more vulnerable to huge price increases, particularly from whales. Due to under-appreciation and poor volume, SHIB may rebound shortly, especially if Ethereum ETFs bolster the market. These ETFs might start as soon as July 4, boosting Ethereum's and alts' prices with increased demand and volume. Since it uses Ethereum, Shiba Inu may be particularly vulnerable to favorable demand. Ethereum ETFs may contribute to September rate reduction by US, UK, and other central banks. This will encourage trader bullishness and demand for meme currencies like Shiba Inu. SHIB will gain support from its fundamentals while it awaits the introduction of its layer-three network and metaverse platform. This might boost the Shiba Inu price to $0.00004 by year's end. #SHIB $SHIB

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