Investors buy 70,000 BTC ahead of US inflation report Ahead of the upcoming US inflation report, savvy investors have bought 70,000 Bitcoin (BTC). The move indicates a strategic pivot towards crypto assets as a hedge against potential economic volatility and inflation.

This major move follows a significant sell-off of 1 million #BTC in late 2023, highlighting the renewed confidence long-term holders have in Bitcoin’s value.

Investors buy 70,000 BTC ahead of inflation report Recent concerns over inflation and the depreciating value of fiat currencies have sparked renewed interest in alternative stores of value.

Indeed, on-chain data from Glassnode reveals that investors are strategically accumulating more Bitcoin. Their actions suggest a belief in BTC’s lasting value, especially as it currently stabilizes above the $64,000 mark. The US Consumer Price Index (CPI) increased by 0.4% in March and reached 3.5% over the past year. This figure remains historically high and has significantly changed the value of the dollar compared to a decade ago, when the inflation rate was just 0.8%.

The upcoming US inflation report, which is due out today, May 15, is also causing investor concern. The Federal Reserve is unlikely to lower interest rates this year, and for this reason Neil Bergquist, CEO of Coinme, is highlighting the attractiveness of Bitcoin as a store of value.

He notes that unlike dollars held in banks, the supply of the leading cryptocurrency – capped at 21 million BTC – offers an inflation-proof alternative. Bergquist explained:

“There will never be more than 21 million Bitcoin. It has a fixed supply, unlike fiat currencies. Nobody can change that. Nobody can come in with a new policy, nobody can get elected with a new idea and change that. It’s hard-coded into the Bitcoin blockchain.”

Core inflation – which excludes the more volatile cost of food and gas – is likely to remain stubbornly high due to rising costs of shelter and essential services like insurance and healthcare. According to Bank of America, higher energy prices, driven by rising gas prices, are expected to contribute to a “relatively strong headline CPI print.”

As a result, #Bitcoin may be able to cement its position as a decentralized asset. Investors may therefore look to it once again as a hedge against traditional financial systems. Bergquist concludes:

“If you hold dollars in your bank account during a time of rising inflation, your balance has less buying power than if you were storing your value in Bitcoin.”

The cryptocurrency market has seen significant growth today. The popular memecoin PEPE has hit a new all-time high (ATH) of
0.00001088.
This remarkable milestone has helped #PEPE‏ reach a market capitalization of 4.5 billion, surpassing established tokens such as Uniswap (UNI) and Render (RNDR).

PEPE memecoin hits a new all-time high The memecoin’s price momentum has attracted the attention of traders and analysts. This has fueled optimism about its future performance and the outlook for the entire sector.

Indeed, PEPE’s unprecedented rise in value has been the subject of intense discussion in the cryptocurrency community. Technical analysts such as Nebraskan Gooner and Koroush AK have attributed this growth to the coin’s growing popularity and increased trading volume.

The success of this memecoin reflects a broader trend whereby digital assets that were originally created as internet jokes are gaining significant mainstream popularity and investor confidence. Moreover, renowned cryptocurrency trader MacnBTC has shared his thoughts on the potential price trajectory for this altcoin:

“PEPE weekly chart looks insane. Seen this setup many times, likely consolidates here, breaks out next week and pumps to 1.618 Fib (0.00001555).”

His analysis suggests that the memecoin could experience a brief period of consolidation before embarking on another bullish run, potentially pushing its price to significantly higher levels.

To summarize, PEPE’s recent achievements have cemented its position as a noteworthy player in the cryptocurrency market. With analysts predicting further price increases, the trend for this memecoin is one to watch closely.

Shiba Inu (SHIB) Bounces: Is a Bullish Trend Emerging?Shiba Inu (SHIB) currently rests at a critical juncture of Golden Ratio support. This juncture poses the question: will the SHIB price rebound bullishly or succumb to a bearish breakout?

There is potential for an upward movement characterized by a bullish bounce. Conversely, there is also the possibility of a bearish breakout. The outcome hinges on how the market responds to this pivotal support level.

Shiba Inu Coin Stabilizes at Golden Ratio Support Level
The SHIB price has remained steady at the golden ratio support around $0.0000205 for the past month, displaying signs of a bullish rebound this month. This suggests a potential initiation of an upward movement.Moreover, the Moving Average Convergence/Divergence (MACD) histogram on the monthly chart indicates a continued bullish trend, with the MACD lines maintaining a bullish crossover and the Relative Strength Index (RSI) hovering in neutral territory.

Shiba Inu Coin Revisits Golden Ratio: Analyzing the Impact
Currently, the SHIB price appears poised to revisit the Golden Ratio support at approximately $0.0000205. In the weekly chart, the MACD lines are nearing a bearish crossover, while the MACD histogram has been displaying a downward trend for several weeks, signaling a bearish sentiment.Meanwhile, the RSI indicates neutrality. Should Shiba Inu undergo a bearish breach of the Golden Ratio support at $0.0000205, the subsequent notable support level lies around the 50-week EMA at roughly $0.0000155.

Deeper Correction Ahead for #SHIBA_INU Coin?
In the daily chart, a bearish crossover has occurred with the MACD lines, and the MACD histogram indicates a downward trend, suggesting a bearish sentiment. However, the RSI is currently in neutral territory.Moreover, the EMAs maintain a golden crossover, indicating a bullish trend in the short to medium term. Despite this, Shiba Inu faces significant resistance at the 50-day EMA, approximately at $0.000024.Key Fibonacci resistances lie ahead, around $0.0000288 and $0.000035. Shiba Inu must breach the golden ratio resistance at approximately $0.000035 to negate the corrective movement, continuing its upward trajectory.

Bearish Trend Alert: Death Cross Forms in Shiba Inu’s 4H Chart
Shiba Inu’s 4-hour chart shows a death cross, affirming the short-term bearish trend. Nevertheless, there’s potential for a bullish crossover, as indicated by the MACD lines, supported by the bullish uptick in the MACD histogram.Despite this, near-term projections suggest Shiba Inu may revert to testing Golden Ratio support levels.

SHIB vs. BTC: Shiba Inu at Key Fibonacci Support Level
In Shiba Inu’s 4-hour chart against #BTC , a death cross has emerged, validating the prevailing short-term bearish sentiment. However, Shiba Inu faces notable Fibonacci support at the .382 Fib level.This could potentially trigger a bullish rebound for SHIB price from this support level.

The price of Bitcoin could remain flat for up to two months after the recent halving in the cryptocurrency market, according to market analysts at Bitfinex. The report suggests that Bitcoin will continue to drive the direction of the cryptocurrency market until May and remain a critical indicator of the overall market capitalization of the sector.

Bitcoin price to consolidate Bitfinex analysts point out that consumers and businesses are now — in contrast with previous cycles — more informed about the economic fundamentals that influence market trends.

This knowledge could lead to a one- or two-month consolidation phase in the price of Bitcoin. As a result, the price could fluctuate, potentially by as much as $10,000 in either direction. Speaking to BeInCrypto, Andrey Stoychev, Head of Prime Brokerage at Nexo, said:

“Bitcoin has historically retraced in the first weeks after previous halvings, with a few months required for the new supply issuance to be reflected in its price. In this case, it could be argued that the price of #Bitcoin and its consolidation depends on investors’ conviction in the asset and their unwillingness to sell.”

Further, the anticipated consolidation follows the peak of the Bitcoin Dominance Index (BTCD). It appears to be weakening as liquidity shifts toward altcoins. This shift is also attributed to the halving of new #BTC supply. Historically, it has increased investors’ risk appetite and shifted attention away from altcoins. Bitfinex analysts wrote:

“The 57% level on BTCD is a significant technical and psychological reference point based on historical data. When Bitcoin dominance reaches this level, it tends to experience a sharp rejection, indicating a change in market sentiment and capital flow from Bitcoin to altcoins. Following last week’s halving, we saw BTCD reach 57%, before experiencing a steep decline.”

Furthermore, market experts are keeping a close eye on Bitcoin derivatives. The recently observed decrease in implied volatility suggests that a calmer summer is approaching for BTC. Bitfinex’s Head of Derivatives, Jag Kooner, said:

“Summers are usually periods of lower volatility and investors start to position themselves accordingly based on their sentiment.”

As the market adjusts to the halving and economic cues, investors are advised to closely monitor these developments. They need to keep an eye on the shifting liquidity and market sentiment that could dictate the pace for the remainder of the year.

Czy #ada dozna eksplozji ceny Rynek kryptowalut odnotowuje większe wahania w ostatnim czasie, jednak platforma analityczna Santiment sygnalizuje zwiększoną aktywności wielorybów. Transakcje “dużych graczy” przekraczające 100 000 USD rosną, co może być dobrym prognostykiem na najbliższą przyszłość.

Aktualna cena Cardano wynosi 0,433 USD, notując spadek o ponad 5% w ciągu ostatnich 24 godzin i 14,67% w ciągu ostatnich siedmiu dni. Mimo to, analitycy dostrzegają nadzieję dla tego altcoina.

Pozytywne dane od analityków z Santiment
Według danych Santiment, aktywność wielorybów w przeszłości wpływała na odwrócenie trendów cenowych. Pomimo ostatnich spadków wartości projektu, warto jednak odpowiedzieć na pytanie, gdzie znajduje się obecne dno Cardano.

Transakcje wielorybów Cardano o wartości przekraczającej 100 tys. USD osiągnęły najwyższą wartość od 8 listopada, co często koreluje z potencjalnym odwróceniem cen. Wraz ze spadkiem kapitalizacji rynkowej ADA o 43% od 13 marca, obserwujemy dynamiczną zmienność na rynku kryptowalut, sugerującą możliwe zmiany w krótkoterminowych trendach cenowych.Należy jednak mieć na uwadze, że w świecie kryptowalut zmienność cen jest nieunikniona, a sytuacja na rynku może ulegać szybkim zmianom. W konsekwencji, inwestowanie w cyfrowe aktywa wymaga pełnego zrozumienia ryzyka i podejmowania decyzji opartych na solidnych analizach.

Spadek wolumenu
Spadek wolumenu obrotu na rynku jest nieunikniony, zbliżając się do najniższego poziomu w 2024 roku. Analitycy sugerują, że możliwe jest odwrócenie tej tendencji. Równolegle z tym wydarzeniem możemy spodziewać się zwiększonego zainteresowania rynkiem krypto przez inwestorów..

Obecny krajobraz kryptowalutowy nie jest jednoznaczny. Pomimo spadku wartości czołowych kryptowalut, wiele osób nadal wierzy w potencjał technologii blockchain i jej zastosowań. Wartość #BTC obecnie oscyluje w okolicach 58 900 USD, a na rynku widać pewne oznaki paniki. Czy to może być moment, w którym nastąpi zwrot ku nowemu rekordowi wszechczasów (ATH)?

Przeglądając dostępne dane on-chain, inwestorzy muszą zachować czujność i podejmować decyzje zgodnie z własnymi strategiami inwestycyjnymi.Prognoza ceny ADA: Nieudane wybicie?
Cena Cardano utknęła w kanale spadkowym przez ostatnie półtora miesiąca i nie udało jej się wybić w zeszłym tygodniu. W konsekwencji altcoin nie dał rady przetestować wsparcia na poziomie 0,47 USD.

Z uwagi na te okoliczności istnieje ryzyko, że altcoin może spaść do poziomu 0,40 USD, co stanowiłoby kolejny istotny obszar wsparcia dla ADA, równoznaczny ze spadkiem o 14%.Jednocześnie, jeśli cena Cardano zdoła się odbić od wsparcia na poziomie 0,46 USD, istnieje szansa na odzyskanie poziomu 0,50 USD jako kolejnego kluczowego wsparcia. Przełamanie tego poziomu może odwrócić perspektywę niedźwiedzią, otwierając drzwi dla dalszego wzrostu ceny ADA.

Ripple (XRP) has been holding above a critical psychological support level that has held strong for the past 11 months. Now, whales appear to be stepping in to ensure that this continues.

This could be the push that XRP needs to spark a breakout and reverse the bearish trend it has been stuck in.

Whales to the Rescue for Ripple

Over the past week, XRP has dropped from a high of $0.54 to lows of $0.50. This move saw the altcoin lose the support of the $0.51 level, which coincides with the 23.6% Fibonacci retracement level. This level is drawn from the swing high of $0.82 to the swing low of $0.42. As a result, XRP is currently at risk of breaking below $0.50.

However, whales seem to have taken notice and are likely doing everything they can to prevent this from happening. Over the past two days, addresses holding 1 million to 10 million XRP have added over 70 million XRP to their wallets. This represents an influx of over $35 million worth of the token and is the largest such accumulation seen in the past three months.

Another reason for this accumulation could be that whales are looking to profit from a potential bounce. The chances of XRP dropping below $0.50 are slim. Instead, the altcoin is likely to rebound from this support level. Whales may be looking to capitalize on this move by buying low and potentially booking profits later on.

However, this move could have a knock-on effect on the broader market, potentially forcing retail investors to buy into XRP. The native token of Ripple is currently one of the few altcoins to have less than 75% of its supply in profit. This marks only the second time in nearly a year that the supply in profit has dropped this low.

Historically, market tops are formed when over 95% of the circulating supply is in profit. This means that there is still room for XRP to rally. In turn, this could provide a strong incentive for investors to add the token to their portfolios.

XRP Price Prediction: Reclaim of Key Support Likely

XRP is currently trading at $0.50, just below resistance at $0.51. This level coincides with the 23.6% Fibonacci retracement level. A reclaim of this support level is likely given the accumulation from whales. If successful, this could spark a further breakout to the upside.

Ripple has been trading in a descending channel since mid-April. To invalidate this, a move above $0.57 is needed. This price level coincides with the 38.2% Fibonacci retracement level, and a reclaim of it would confirm a bullish reversal.

However, if support at $0.47 gives way, #XRP could drop to test support at $0.42. This would likely invalidate the bullish thesis and leave the altcoin vulnerable to further losses.

Cena Bitcoina (BTC) wykonuje łagodne ruchy pomimo halvingu, który nastąpił pod koniec kwietnia. W związku z tym inwestorzy instytucjonalni i krypto wieloryby przenieśli uwagę na akumulację altcoinów. Chcą wykorzystać potencjalną hossę, której rynek kryptowalut może doświadczyć, gdy BTC wzrośnie.Krypto wieloryby Cardano dodają więcej ADA do swoich portfeli
Cardano wskazuje, że krypto wieloryby zwiększają swoją akumulację od listopada 2023 roku. Tego rodzaju zakupy odnotowują nagły wzrost w ciągu ostatnich kilku dni, gdy wystrzeliły w górę transakcje o wartości ponad 100 000 USD.

Chociaż nie przełożyło się to na wynik akcji cenowej, cena Cardano z pewnością może skorzystać na zwiększonym zainteresowaniu ze strony dużych graczy. Chociaż krypto wieloryby stanowią mniej niż 10% podaży w obiegu, ich wkład w dzienny wolumen jest najważniejszy.

Tak więc krypto wieloryby skłaniające się ku ADA mogą okazać się bardzo pozytywne dla tego altcoina.Toncoin (TON) dołącza do najlepszych altcoinów
Toncoin niedawno wszedł do TOP 10 kapitalizacji rynkowej kryptowalut i wyprzedził takie kryptowaluty jak Shiba Inu i Cardano. Stał się dziewiątą co do wielkości kryptowalutą na świecie. Powodem tego trendu wzrostowego była wiadomość w marcu, że Telegram rozważa potencjalną pierwszą ofertę publiczną (IPO).

W rezultacie, krypto wieloryby próbują wykorzystać każdy możliwy trend wzrostowy, gromadząc TON. Można to zauważyć w gwałtownym wzroście transakcji o wartości ponad 100 000 USD i transakcji o wartości ponad 1 mln USD.

W ciągu ostatnich dwóch miesięcy cena Toncoina odnotowała wzrost o 238% z 2,14 USD do 7,24 USD w najwyższym punkcie. Jednak od tego czasu altcoin spadł do poziomu 5,35 USD, ponieważ rynek ochładza się od ostatniego ruchu w górę.Krypto wieloroby Arbitrum (ARB) dążą do zysków
Pomimo tego, że cena Arbitrum doświadcza korekty od prawie dwóch miesięcy, posiadacze dużych portfeli kupują ARB. Chociaż może to być próba zapobieżenia dalszemu spadkowi ceny, krypto wieloryby wydają się szukać odpowiedniej okazji do sprzedaży.

Oczekiwanie na trend wzrostowy po halvingu BTC było jednym z największych czynników napędzających akumulację dużych inwestorów. Jednak krypto wieloryby mogą również spodziewać się zaksięgowania zysków ze względu na nadchodzące odblokowanie tokenów #ARB w dniu 16 maja. Ponad 3,5% podaży w obiegu o wartości około 100 mln USD zostanie wpompowane na rynek.

Wydarzenie to prawdopodobnie negatywnie wpłynie na rynek. W związku z tym krypto wieloryby mogą próbować sprzedać przed odblokowaniem tokena, aby zmaksymalizować swoje zyski.W ciągu ostatnich kilku tygodni transakcje o wartości ponad 100 000 USD i 1 mln USD były niezmiennie wysokie. Ta akumulacja może zapobiec spadkowi ceny Arbitrum poniżej 1,00 USD.#Bitcoin

Changpeng “CZ” Zhao, the founder of Binance, was sentenced to 4 months in prison.

The sentence comes after Zhao pleaded guilty to a single count of violating the Bank Secrecy Act, a crime that carries a maximum penalty of 10 years behind bars.

Binance founder Changpeng “CZ” Zhao sentenced to prison Zhao’s cooperation with authorities, including pleading guilty in November last year, saw the potential maximum sentence slashed to around 36 months. However, departing from sentencing guidelines, the federal judge handed down the four-month term, citing the seriousness and impact of Changpeng Zhao’s actions on the regulation of finance. The judge said: “This court must endeavor to craft a sentence that is both sufficient and reasonable.”

The US Department of Justice had recommended a three-year jail term, double the sentence agreed in Zhao’s plea deal. CZ’s defense attorneys, on the other hand, argued against any jail time, instead proposing home detention and probation, an idea supported by a security plan from a professional house arrest monitoring company. In addition to the prison sentence, Zhao has agreed to pay a $50 million fine, a relatively modest sum given his estimated $43 billion net worth. Binance, the cryptocurrency exchange founded by Zhao in 2017, and which became the world’s largest, has also faced financial repercussions. When Changpeng “CZ” Zhao entered his guilty plea, the company agreed to pay a whopping $4.3 billion fine.

The sentencing marks a significant moment for the cryptocurrency industry, highlighting the growing regulatory scrutiny and enforcement actions that industry leaders now face.#Bitcoin #Binance