LIVEBitcoin-Ruler
@Bitcoin-Ruler
Hello my family đ„°
Following
Followers
Liked
Share
**Bitcoin and Ethereum Outlook for the Upcoming Week**
#MarketDownturn
Good evening, it's challenging to describe the market conditions over the weekend. Despite the expected downturn, the market has become increasingly fearful and support levels are becoming precarious. A bit of relief might be on the horizon next week, offering a chance for a rebound.
**Bitcoin:**
Reviewing the current market, during the last bull run when Bitcoin first hit $64,800 and then started to correct, the price halted its decline when it fell below the 0.618 Fibonacci level. The price then surged to a new high of $69,000. In the current bull market, the medium-term correction recently touched the 0.382 level. Historically, a correction dropping to the 0.618 level could potentially push Bitcoin below $45,000. The retracement is not yet complete.
**Ethereum:**
Ethereum has struggled to break previous highs during this bull run. Continuous market outflows have prevented ETH from entering a phase of institutional inflows, which limits price support and upward movement. For a significant market move, we might need to wait for the Federal Reserve to cut interest rates and release funds. Currently, the Fed has absorbed much of the available liquidity, and without new injections, it's challenging to expect a sharp rise in the market.
**Weekly Structure:**
After a Doji candlestick formed at a high level last week, the market experienced a sharp decline this week. The first high at $73,800 was corrected back to around $72,000, and the highest point in this rebound was around $70,000, indicating a clear downtrend. There's a strong possibility that this correction could drop below the $53,200 low and even fall below $50,000.
**Outlook:**
Given the current trend, short-selling may continue to be favorable next week on a weekly basis. It's recommended to consider rebound opportunities cautiously while monitoring for further signs of market stabilization.
#MarketDownturn
Good evening, it's challenging to describe the market conditions over the weekend. Despite the expected downturn, the market has become increasingly fearful and support levels are becoming precarious. A bit of relief might be on the horizon next week, offering a chance for a rebound.
**Bitcoin:**
Reviewing the current market, during the last bull run when Bitcoin first hit $64,800 and then started to correct, the price halted its decline when it fell below the 0.618 Fibonacci level. The price then surged to a new high of $69,000. In the current bull market, the medium-term correction recently touched the 0.382 level. Historically, a correction dropping to the 0.618 level could potentially push Bitcoin below $45,000. The retracement is not yet complete.
**Ethereum:**
Ethereum has struggled to break previous highs during this bull run. Continuous market outflows have prevented ETH from entering a phase of institutional inflows, which limits price support and upward movement. For a significant market move, we might need to wait for the Federal Reserve to cut interest rates and release funds. Currently, the Fed has absorbed much of the available liquidity, and without new injections, it's challenging to expect a sharp rise in the market.
**Weekly Structure:**
After a Doji candlestick formed at a high level last week, the market experienced a sharp decline this week. The first high at $73,800 was corrected back to around $72,000, and the highest point in this rebound was around $70,000, indicating a clear downtrend. There's a strong possibility that this correction could drop below the $53,200 low and even fall below $50,000.
**Outlook:**
Given the current trend, short-selling may continue to be favorable next week on a weekly basis. It's recommended to consider rebound opportunities cautiously while monitoring for further signs of market stabilization.
$BTC
You have to buy so that BTC improves and the rest of the currencies improve. It is necessary to pump into the market.
Bitcoin
You have to buy so that BTC improves and the rest of the currencies improve. It is necessary to pump into the market.
Bitcoin
$BTC
What are your predictions for Bitcoin's price movement in the upcoming week? Do you expect it to go up or down, and what reasons are you basing your analysis on? Share your thoughts using the hashtags #Entry and
#BinanceTournament"
What are your predictions for Bitcoin's price movement in the upcoming week? Do you expect it to go up or down, and what reasons are you basing your analysis on? Share your thoughts using the hashtags #Entry and
#BinanceTournament"
BTC đ
46%
BTCđ
54%
84 votes âą Voting closed
ARKM is on fire and has taken yet another$ARKM breakout step! It has confirmed its support at 1.2$, and with substantial volume, it's progressing steadily towards our subsequent target of 2.65$. Hope $BTC stays green too!
We noted 570% gains in the last rally.
We noted 570% gains in the last rally.
đšFederal Reserve Likely to Maintain Interest Rates in August, Predicts CME
According to Odaily, the CME's 'Federal Reserve Watch' has predicted that the Federal Reserve is likely to maintain its current interest rates in August, with a probability of 94.3%. The chance of a 25 basis point cut is estimated at 5.7%. Looking ahead to September, the likelihood of the rates remaining unchanged drops to 27.4%. The probability of a cumulative 25 basis point cut increases to 68.6%, while the chance of a cumulative 50 basis point cut is predicted at 4.0%. These predictions provide an insight into the potential future actions of the Federal Reserve, which can have significant impacts on the economy.
According to Odaily, the CME's 'Federal Reserve Watch' has predicted that the Federal Reserve is likely to maintain its current interest rates in August, with a probability of 94.3%. The chance of a 25 basis point cut is estimated at 5.7%. Looking ahead to September, the likelihood of the rates remaining unchanged drops to 27.4%. The probability of a cumulative 25 basis point cut increases to 68.6%, while the chance of a cumulative 50 basis point cut is predicted at 4.0%. These predictions provide an insight into the potential future actions of the Federal Reserve, which can have significant impacts on the economy.
đšArchegos Founder Bill Hwang Found Guilty In Fraud Case
According to Odaily, Bill Hwang, the founder of Archegos Capital Management, has been found guilty of multiple charges related to fraud and market manipulation. The verdict came after a two-month trial that concluded on Wednesday. Hwang, 60, was charged alongside co-defendant and CFO Patrick Halligan. Despite pleading not guilty to one count of conspiracy to commit fraud, three counts of fraud, and seven counts of market manipulation, ten out of the eleven charges were upheld.
Hwang now faces up to 20 years in prison for each of the upheld charges, although the actual sentences could be significantly less. Prosecutors claimed that Hwang secretly amassed substantial shares in multiple companies without actually owning the stocks. Archegos' market position once inflated to $160 billion due to their deceptive trading strategy, which concealed their true scale from the market. By using borrowed funds and derivatives that did not require public reporting, Hwang and his hedge fund were able to remain anonymous.
Archegos collapsed in March 2021, leading to a rush on Wall Street to liquidate positions related to the firm. When the dust settled, trading counterparts including Credit Suisse Group, Morgan Stanley, and Nomura suffered losses exceeding $10 billion. This incident also laid the groundwork for the bankruptcy of Credit Suisse.đ„
According to Odaily, Bill Hwang, the founder of Archegos Capital Management, has been found guilty of multiple charges related to fraud and market manipulation. The verdict came after a two-month trial that concluded on Wednesday. Hwang, 60, was charged alongside co-defendant and CFO Patrick Halligan. Despite pleading not guilty to one count of conspiracy to commit fraud, three counts of fraud, and seven counts of market manipulation, ten out of the eleven charges were upheld.
Hwang now faces up to 20 years in prison for each of the upheld charges, although the actual sentences could be significantly less. Prosecutors claimed that Hwang secretly amassed substantial shares in multiple companies without actually owning the stocks. Archegos' market position once inflated to $160 billion due to their deceptive trading strategy, which concealed their true scale from the market. By using borrowed funds and derivatives that did not require public reporting, Hwang and his hedge fund were able to remain anonymous.
Archegos collapsed in March 2021, leading to a rush on Wall Street to liquidate positions related to the firm. When the dust settled, trading counterparts including Credit Suisse Group, Morgan Stanley, and Nomura suffered losses exceeding $10 billion. This incident also laid the groundwork for the bankruptcy of Credit Suisse.đ„
Crypto project "Digibyte" â
It holds good aspirations, as the currency struggles to take off.
Looking at the market situation, we find that the market needs a new currency that is as strong as $BTC
So does the $DGB currency do it?
$DGB
It holds good aspirations, as the currency struggles to take off.
Looking at the market situation, we find that the market needs a new currency that is as strong as $BTC
So does the $DGB currency do it?
$DGB
90 minutes until 1D bull div number 2 confirms
before 10 Facts
Honestly this looks fire
Double whammy daily bull div coming out of oversold, rare af
Protect this daily candle bulls + get it over the line
10 minutes before and 1 hour before the plan
before 10 Facts
Honestly this looks fire
Double whammy daily bull div coming out of oversold, rare af
Protect this daily candle bulls + get it over the line
10 minutes before and 1 hour before the plan
Crypto was "over" many times:
2014: Mt. Gox collapse
2022: Luna collapse, FTX collapse
2024: Germany, Mt. Gox, more to come
But after these manipulations, the real bull run began.
đ§”: How market makers manipulate the market and how not to fall for it đ
2014: Mt. Gox collapse
2022: Luna collapse, FTX collapse
2024: Germany, Mt. Gox, more to come
But after these manipulations, the real bull run began.
đ§”: How market makers manipulate the market and how not to fall for it đ
AXL Experiences Short-Term Rise, Reaching Above $0.61
According to BlockBeats, on July 6th, AXL, a popular cryptocurrency, saw a short-term increase in its value, reaching above $0.61. The current price stands at $0.606, marking a significant 24-hour increase of 23.78%.
This surge in AXL's value is a notable event in the cryptocurrency market, which is known for its volatility. The 23.78% increase in a 24-hour period is a substantial rise, reflecting the dynamic nature of the market.
It's important to note that while this short-term rise is significant, the cryptocurrency market is inherently unpredictable, and prices can fluctuate widely in a short period. Investors and traders are advised to keep a close eye on market trends and make informed decisions.
#AXL $AXL
According to BlockBeats, on July 6th, AXL, a popular cryptocurrency, saw a short-term increase in its value, reaching above $0.61. The current price stands at $0.606, marking a significant 24-hour increase of 23.78%.
This surge in AXL's value is a notable event in the cryptocurrency market, which is known for its volatility. The 23.78% increase in a 24-hour period is a substantial rise, reflecting the dynamic nature of the market.
It's important to note that while this short-term rise is significant, the cryptocurrency market is inherently unpredictable, and prices can fluctuate widely in a short period. Investors and traders are advised to keep a close eye on market trends and make informed decisions.
#AXL $AXL
The story of Mt. Gox and the impact of the compensation process on Bitcoin's price is quite intriguing. Here's a comprehensive analysis:
History of Mt. Gox
- **2007:** Mt. Gox was created as a platform for trading Magic: The Gathering cards.
- **2010:** It transformed into a Bitcoin trading platform, becoming one of the first and largest exchanges.
- **2014:** The exchange declared bankruptcy after a series of hacks that resulted in the loss of approximately 940,000 BTC.
- **2024:** The compensation process for users began after recovering about 141,868 BTC and some Bitcoin Cash following the 2017 hard fork.
Impact of the Compensation Process on Bitcoin Price
- **Total BTC to be distributed:** 141,868 BTC.
- **Options available:** Users can receive their coins early with a 10-11% discount.
- **Expectations:** It is estimated that 75% of users will opt for early conversion, making the available number 94,697 BTC.
Distribution of Coins and Sales Impact
1. **Liquidation rights companies:** 20,000 BTC
2. **Bitcoinica users:** 10,000 BTC
3. **Individual users:** 64,697 BTC
Analyzing User Behavior
- **Individual users (around 20,000 people):** Each will receive an average of 3.23 BTC (approximately $180,000).
- **Sales expectations:** Many individuals are unlikely to sell the entire amount to avoid a hefty tax. Experts predict that only about 10% will be sold, which means roughly 6,500 BTC.
Comparison to Daily Trading Volume
- Considering the daily trading volume of Bitcoin, selling 6,500 BTC represents only about 6%, which might mitigate the impact on the price.
Larger Impact on Bitcoin Cash
- **Logically:** Many users might sell their BCH to secure liquidity before selling Bitcoin, as BCH might be considered more like an airdrop.
While the compensation process might create some selling pressure on Bitcoin's price, the expected impact is not substantial given the current market size. The larger effect is likely to be seen on Bitcoin Cash.
History of Mt. Gox
- **2007:** Mt. Gox was created as a platform for trading Magic: The Gathering cards.
- **2010:** It transformed into a Bitcoin trading platform, becoming one of the first and largest exchanges.
- **2014:** The exchange declared bankruptcy after a series of hacks that resulted in the loss of approximately 940,000 BTC.
- **2024:** The compensation process for users began after recovering about 141,868 BTC and some Bitcoin Cash following the 2017 hard fork.
Impact of the Compensation Process on Bitcoin Price
- **Total BTC to be distributed:** 141,868 BTC.
- **Options available:** Users can receive their coins early with a 10-11% discount.
- **Expectations:** It is estimated that 75% of users will opt for early conversion, making the available number 94,697 BTC.
Distribution of Coins and Sales Impact
1. **Liquidation rights companies:** 20,000 BTC
2. **Bitcoinica users:** 10,000 BTC
3. **Individual users:** 64,697 BTC
Analyzing User Behavior
- **Individual users (around 20,000 people):** Each will receive an average of 3.23 BTC (approximately $180,000).
- **Sales expectations:** Many individuals are unlikely to sell the entire amount to avoid a hefty tax. Experts predict that only about 10% will be sold, which means roughly 6,500 BTC.
Comparison to Daily Trading Volume
- Considering the daily trading volume of Bitcoin, selling 6,500 BTC represents only about 6%, which might mitigate the impact on the price.
Larger Impact on Bitcoin Cash
- **Logically:** Many users might sell their BCH to secure liquidity before selling Bitcoin, as BCH might be considered more like an airdrop.
While the compensation process might create some selling pressure on Bitcoin's price, the expected impact is not substantial given the current market size. The larger effect is likely to be seen on Bitcoin Cash.
According to Odaily, a report released by Zee Prime Capital suggests that Decentralized Physical Infrastructure Networks (DePin) could transform law enforcement into community enterprises, enhancing transparency. The report discusses Decentralized Security (DeSec), which involves building distributed surveillance and law enforcement systems, such as ballistic triangulation systems and community patrol Decentralized Autonomous Organizations (DAOs).
The author, Luffistotle, states that blockchain and decentralized architectures excel in security redundancy, and communities are willing to pay extra to ensure optimal security. DeSec applications also offer incentives to enhance power infrastructure, protecting it from destructive events. Furthermore, decentralized airborne radar networks could reduce potential threats of terrorism.
Decentralized networks like Helium can ensure everyone enjoys a free and open internet, combating state surveillance and threats of totalitarianism. Luffistotle emphasizes the need to strike a balance between transparency and privacy to avoid a more intrusive surveillance state.
The author, Luffistotle, states that blockchain and decentralized architectures excel in security redundancy, and communities are willing to pay extra to ensure optimal security. DeSec applications also offer incentives to enhance power infrastructure, protecting it from destructive events. Furthermore, decentralized airborne radar networks could reduce potential threats of terrorism.
Decentralized networks like Helium can ensure everyone enjoys a free and open internet, combating state surveillance and threats of totalitarianism. Luffistotle emphasizes the need to strike a balance between transparency and privacy to avoid a more intrusive surveillance state.
**Justin Sun Trying to Save Bitcoin: He Gave a Blank Check to Germany**
Tron ($TRX) founder Justin Sun gave the German government a blank check for Bitcoin đ. Sun wants to buy the coins held by the German government to relieve the selling pressure on Bitcoin đ.
Germany seized tens of thousands of Bitcoins on illegal platforms as a result of operations carried out in recent months đ. German authorities have sent tens of millions of dollars worth of Bitcoin to cryptocurrency exchanges throughout this week, including today đž.
Arkham CEO said that Bitcoin is generally sent to central cryptocurrency exchanges with the intention of selling đ°. Justin Sun stated, âI am ready to negotiate with the German government to buy all $BTC off the market in order to minimize its impact on the market.â
According to Arkham data, the German government still has 40,359 Bitcoins worth $2.33 billion in its wallet, despite the coins it has recently disposed of đŒ. The transactions made by Germany have recently led to an increase in the sales pressure on Bitcoin đ. According to CoinGecko data, Bitcoin fell below $58,000 today đ.
According to Bitcoin Treasuries data, Germany has one of the largest Bitcoin wallets among states, ranking behind the USA, China, the UK, and Ukraine đ.
Tron ($TRX) founder Justin Sun gave the German government a blank check for Bitcoin đ. Sun wants to buy the coins held by the German government to relieve the selling pressure on Bitcoin đ.
Germany seized tens of thousands of Bitcoins on illegal platforms as a result of operations carried out in recent months đ. German authorities have sent tens of millions of dollars worth of Bitcoin to cryptocurrency exchanges throughout this week, including today đž.
Arkham CEO said that Bitcoin is generally sent to central cryptocurrency exchanges with the intention of selling đ°. Justin Sun stated, âI am ready to negotiate with the German government to buy all $BTC off the market in order to minimize its impact on the market.â
According to Arkham data, the German government still has 40,359 Bitcoins worth $2.33 billion in its wallet, despite the coins it has recently disposed of đŒ. The transactions made by Germany have recently led to an increase in the sales pressure on Bitcoin đ. According to CoinGecko data, Bitcoin fell below $58,000 today đ.
According to Bitcoin Treasuries data, Germany has one of the largest Bitcoin wallets among states, ranking behind the USA, China, the UK, and Ukraine đ.
Justin Sun's statement about negotiating with the German government to buy all their Bitcoin reflects a bold investment strategy aimed at reducing the market impact of selling such a large quantity. If this deal goes through, it could help maintain Bitcoin's price stability by preventing a massive influx into the market đŒđ.
On the other hand, the varying reactions from investors show a disparity in market confidence. While some are investing billions of dollars đžđ, others remain cautious and fearful of market volatility đŹđ.
If you're interested in a deeper analysis or predictions on the potential impact of this event on the Bitcoin market, let me know đđ.
On the other hand, the varying reactions from investors show a disparity in market confidence. While some are investing billions of dollars đžđ, others remain cautious and fearful of market volatility đŹđ.
If you're interested in a deeper analysis or predictions on the potential impact of this event on the Bitcoin market, let me know đđ.
Rippleâs Escrow Release of 1 Billion XRP Sparks Settlement Rumors
These actions align with the current phase of penalties in the ongoing Ripple versus the SEC lawsuit.
On July 1, Ripple transferred 1 billion XRP tokens from escrow, raising speculations that progress could be made in its legal dispute with the US Securities and Exchange Commission (SEC). With 1.3 billion XRP retained in spendable wallets, the move has stirred anticipation about the future trajectory of the ongoing lawsuit.
Rippleâs Latest XRP Transaction Activity
According to Whale Alert, a well-known platform for tracking crypto transactions, Ripple conducted significant movements within two hours. The company transferred a total of 1.1 billion XRP across various wallets and then placed 800 million XRP into escrow.
During this time frame, Ripple moved 200 million XRP to one wallet, 300 million XRP to another, and 500 million XRP to a third. Following these transfers, Ripple secured 500 million XRP in one wallet and 300 million XRP in another, totaling 800 million XRP placed into escrow.
Shortly afterward, Ripple added another 100 million XRP to one of the wallets, bringing its balance to 300 million XRP. Overall, these transactions involved moving 1.1 billion XRP to accessible wallets, with 800 million XRP later secured in escrow, leaving a remaining accessible balance of 300 million XRP. In a subsequent series of transactions an hour later, Ripple sent 500 million XRP to one wallet and split another 500 million XRP between two additional wallets.
SEC Settlement Speculation
Speculation surrounding a potential resolution in Rippleâs legal battle with the SEC has intensified following a series of intricate XRP transactions. While Ripple routinely manages XRP held in escrow, the recent transfer of an additional 300 million XRP to transactional wallets has captured the attention of the cryptocurrency community.
These actions align with the current phase of penalties in the ongoing Ripple versus the SEC lawsuit. Both parties have outlined their respective positions regarding penalties related to Rippleâs alleged securities violations. The SEC is pushing for a total penalty of $1.95 billion, including $876 million for disgorgement, an equal amount in civil fines, and $198 million in prejudgment interest. Ripple, on the other hand, argues that civil penalties should be capped at $10 million.
Context of the Ripple vs. SEC Case
The ongoing legal battle between Ripple Labs and the SEC has lasted for more than three and a half years. The SEC alleges that Ripple and its executives violated securities laws by selling XRP without proper registration. Notable developments in 2023, including a court ruling that Rippleâs automated sales did not constitute investment contracts, have undermined the SECâs position.
The potential penalties that Ripple could face remain a contentious issue as the case progresses. The outcome of the lawsuit has the potential to cause significant market fluctuations, possibly leading to an increase in XRP price if Ripple prevails or a decrease if the SEC succeeds.
On July 1, Ripple transferred 1 billion XRP tokens from escrow, raising speculations that progress could be made in its legal dispute with the US Securities and Exchange Commission (SEC). With 1.3 billion XRP retained in spendable wallets, the move has stirred anticipation about the future trajectory of the ongoing lawsuit.
Rippleâs Latest XRP Transaction Activity
According to Whale Alert, a well-known platform for tracking crypto transactions, Ripple conducted significant movements within two hours. The company transferred a total of 1.1 billion XRP across various wallets and then placed 800 million XRP into escrow.
During this time frame, Ripple moved 200 million XRP to one wallet, 300 million XRP to another, and 500 million XRP to a third. Following these transfers, Ripple secured 500 million XRP in one wallet and 300 million XRP in another, totaling 800 million XRP placed into escrow.
Shortly afterward, Ripple added another 100 million XRP to one of the wallets, bringing its balance to 300 million XRP. Overall, these transactions involved moving 1.1 billion XRP to accessible wallets, with 800 million XRP later secured in escrow, leaving a remaining accessible balance of 300 million XRP. In a subsequent series of transactions an hour later, Ripple sent 500 million XRP to one wallet and split another 500 million XRP between two additional wallets.
SEC Settlement Speculation
Speculation surrounding a potential resolution in Rippleâs legal battle with the SEC has intensified following a series of intricate XRP transactions. While Ripple routinely manages XRP held in escrow, the recent transfer of an additional 300 million XRP to transactional wallets has captured the attention of the cryptocurrency community.
These actions align with the current phase of penalties in the ongoing Ripple versus the SEC lawsuit. Both parties have outlined their respective positions regarding penalties related to Rippleâs alleged securities violations. The SEC is pushing for a total penalty of $1.95 billion, including $876 million for disgorgement, an equal amount in civil fines, and $198 million in prejudgment interest. Ripple, on the other hand, argues that civil penalties should be capped at $10 million.
Context of the Ripple vs. SEC Case
The ongoing legal battle between Ripple Labs and the SEC has lasted for more than three and a half years. The SEC alleges that Ripple and its executives violated securities laws by selling XRP without proper registration. Notable developments in 2023, including a court ruling that Rippleâs automated sales did not constitute investment contracts, have undermined the SECâs position.
The potential penalties that Ripple could face remain a contentious issue as the case progresses. The outcome of the lawsuit has the potential to cause significant market fluctuations, possibly leading to an increase in XRP price if Ripple prevails or a decrease if the SEC succeeds.
đđHappy Tuesday!
The global crypto market cap is $2.29 trillion, with a 24-hour volume of $55.27 billion. The price of Bitcoin is $61,952.43, and BTC market dominance is 53.3%. The price of Ethereum is $3,412.75, and ETH market dominance is 17.9%..
The global crypto market cap is $2.29 trillion, with a 24-hour volume of $55.27 billion. The price of Bitcoin is $61,952.43, and BTC market dominance is 53.3%. The price of Ethereum is $3,412.75, and ETH market dominance is 17.9%..