Bitcoin recently crossed a crucial threshold by surpassing $69,000. This progression, supported by a series of positive news, comes after a prolonged period of consolidation. As the queen of cryptos seems to be gearing up for new bullish attempts, this recent rise raises questions about its sustainability and the accompanying risks.

Bitcoin Bounces Back
Bitcoin’s price reached $69,000, a significant milestone that comes after a series of attempts to break out of its long-standing consolidation. This rise was supported by a series of positive news throughout the week.

Despite this surge, market volatility remains palpable. Bitcoin appears to be preparing for another bullish attempt after a slight drop of three to four days. Investors remain attentive, ready to react based on closures above the key level of $67,900.

The situation of altcoins remains relatively stable, with some notable performances. Ethereum, the largest altcoin by market capitalization, saw its price increase by 20% in a week, surpassing $3,700. Among the top 100 cryptocurrencies, PEPE Coin stood out with a rise of over 57%, reaching a new all-time high. Conversely, some altcoins like AR, AKT, FTM, JUP, ORDI, and TRX recorded drops ranging from 7% to 14%.

Bitcoin Out of the “Danger Zone,” But For How Long?
According to Rekt Capital, a renowned crypto analyst, Bitcoin has recently escaped what he calls the “post-halving danger zone,” a critical period where the cryptocurrency tends to experience significant drops after the halving of mining rewards. Rekt Capital explains that, although this danger phase has passed, Bitcoin could still experience a correction of around 13% from its current value. “Since the end of the post-halving danger zone, Bitcoin reached $71,500. However, this level represents significant resistance in the macro reaccumulation range, leading to a price rejection,” he explains.

The analyst points out that, historically, Bitcoin always rejects the first breakout attempt after a halving. This reaccumulation phase could last up to 160 days after the halving, which means the cryptocurrency might not cross the $70,000 threshold before September 2024. “Consolidation should continue for several weeks, oscillating between $60,000 and $70,000,” adds Rekt Capital.

While history shows that the path to new highs is fraught with obstacles, Bitcoin’s recent rise to $69,000 and its exit from the post-halving “danger zone” are encouraging developments. Still, caution is warranted!

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As India counts votes for its general elections, the crypto market shows optimism. Experts believe the new government could influence crypto regulations and adoption.
As India counts votes for its general elections today, the crypto market is buzzing with optimism. While the elections don't directly impact cryptocurrencies, the new government could play a crucial role in shaping crypto regulations and adoption in the country. Most analysts are hinting at a bullish trend for the crypto market,
Bitcoin rally 
Bitcoin is on the brink of a major rally, touching the $70,000 mark after encouraging inflation data from the US. Shivam Thakral, CEO of BuyUcoin, explains, "The soft inflation data has sparked debates about a potential interest rate cut by the US Fed in its next meeting this month. If Bitcoin breaks its all-time high again, we could see BTC approach $100,000, as predicted by the banking giant Standard Chartered."
Thakral adds that the current macroeconomic factors look favorable, and the momentum is expected to sustain. This sentiment is echoed by the CoinDCX research team, which notes that Bitcoin is consolidating between $69,000 and $70,000, with bullish signals from exponential moving averages (EMAs) and positive inflows into Bitcoin ETFs.
Ethereum and Altcoins
Rajagopal Menon, VP at WazirX, highlights the bullish trends in the crypto market, especially for Ethereum. "Ethereum continues to fluctuate around its 50-day EMA, which has been a strong support level. Technical indicators show positive signs, with the stochastic indicator beginning to overlap positively, indicating a potential bullish trend."
Menon also points out that Bitcoin is testing a crucial resistance level at $69,110.00. "A breach of this level could propel Bitcoin higher, with initial targets set at $70,645.00 and potentially extending to $73,800.00. The bullish outlook for Bitcoin remains intact as long as it stays above $67,080.00," he says.
Market structure
Institutional interest in Bitcoin is growing. The CoinSwitch Markets Desk reports that Bitcoin has steadied around the $69,000 mark, with the market structure poised for another leg up towards its all-time highs. Ethereum, too, has found its base at $3,800, with minimal selling pressure expected as ETH ETF trading is set to start later this month.
According to the CoinSwitch Markets Desk, the US state of Wisconsin’s investment in Bitcoin is a testament to the increasing institutional interest. Wisconsin has invested a small portion of its pension fund in Bitcoin and is expected to increase exposure through spot Bitcoin ETF products. Currently, this stands at 0.1% of its $156 billion in assets.
The Federal Reserve's upcoming policy meeting is a focal point for the crypto market. Analysts believe that the Fed's potential rate cuts in the coming months could further boost the market. "The anticipation of steady interest rates is contributing to the current optimism in the crypto market," says Menon. Investors are hopeful that these macroeconomic factors will continue to drive the market upwards.
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$BTC

Crypto enthusiasts have reasons to either rejoice or worry, depending on their viewpoint. June 30, 2024, will mark a major turning point with the implementation of the new MiCA (Markets in Crypto-Assets) regulations concerning stablecoins in the European Economic Area (EEA). In this context, Binance, the cryptocurrency exchange giant, has spoken out to clarify the situation.
The MiCA regulation, on the horizon, aims to strictly but necessarily regulate the crypto-assets market. Starting from June 30, 2024, stablecoins will be subjected to strict regulation in the EEA.
This regulation aims to protect investors and ensure financial stability. However, not all existing stablecoins will necessarily meet the new criteria. But don’t panic, dear Binancians, Binance has everything planned for you.
You will still be able to use your favorite stablecoins, including USDT, for deposits, withdrawals, and trading on Binance’s Spot trading platform.
Even if some stablecoins are not compliant, they will remain available on Convert. In short, Binance does not plan to delist these stablecoins, which is excellent news for users accustomed to these cryptos.
Despite this, some restrictions will be implemented for EEA users but only on certain specific products. Binance already offers alternatives with regulated stablecoins or other crypto-assets to adapt to the new rules without significantly disrupting your trading habits.
Binance strives to implement the new rules while minimizing the impact on the market and its products.
This transition to an offering of regulated stablecoins is a significant challenge, but Binance is determined to meet it brilliantly. The company works tirelessly to ensure a smooth transition by implementing measures to meet MiCA requirements.
For those wondering how this regulation will affect their portfolio, Binance assures that it is working on viable alternative solutions.
Compliant stablecoins with the new standards will be introduced, and crypto-active alternatives will be proposed. The goal is to maintain flexibility and diversity of options available for users.
#BnbAth #btc70k #StartInvestingInCrypto #ETHETFsApproved #FIT21
$BTC

Here is the top 5 Binance earning features to Earn free cryptocurrencies , Reward & earn money 💰

1. Binance Megadrop 🏂
2. Binance Earn 🧑‍🎄
3. Binance launchpool 🕵️
4. Learn & Earn 🧑‍🏫
5. Write 2 earn on square 📝

Lets explained How these five Binance features Work ⭐

1. Binance Megadrop 🏂

Binance Megadrop is a platform that combines Binance Simple Earn and Web3 Wallet to offer early access to token projects before they are listed on the Binance exchange , Some of the key features of Binance Megadrop include:

- *Early access to token projects*: One of the main features of Binance Megadrop is giving users early access to selected Web3 projects before their official listing on the Binance exchange.
- *Integration with Binance Simple Earn*: Binance Megadrop is closely integrated with Binance Simple Earn, a feature that allows users to earn rewards by locking their BNB in fixed-term products.
- *Engagement through Web3 quests*: Another significant aspect of Binance Megadrop is the inclusion of Web3 quests. These quests are designed to engage users and encourage them to learn more about the blockchain ecosystem.
- *Reward Distribution*: The rewards in Binance Megadrop are distributed in the form of new tokens from the projects featured on the platform.

Binance Megadrop is set to enhance the overall user experience and foster engaged innovation in the blockchain space.

2. Binance Earn 🧑‍🎄
Binance Earn is a suite of products that allows users to earn passive income on their cryptocurrency holdings ¹. It offers various products, including ²:
- *Simple Earn*: offers two types of products - Flexible Products and Locked Products
- *Launchpool*: users stake their crypto assets in DeFi projects and get rewards
- *BNB Vault*: a capital-guaranteed investment product
- *ETH Staking*: a platform to stake Ethereum
- *DeFi Staking*: access to the world of DeFi easily on Binance
- *Dual Investment*: deposit a single cryptocurrency and earn yield based on two assets
- *Binance Liquid Swap*: combines the advantages of centralized and decentralized financial services

3. Binance launchpool 🕵️

Binance Launchpool is a platform that allows users to stake Binance Coin (BNB) and ( FDUSD ) to earn tokens from new projects before they are listed on the Binance exchange . Here are some key features of Binance Launchpool ²:

- *Exposure*: Projects launched on Binance Launchpool get exposure to millions of Binance users worldwide.
- *Liquidity*: Projects listed on Launchpool will have access to world-class liquidity in multiple trading pairs.
- *Token Distribution*: Tokens will be immediately distributed to a large user base.
- *Future Synergy*: Projects will receive extensive support and advice even after listing, with access to all areas of the Binance ecosystem.

Binance Launchpool aims to help project teams focus on development while providing marketing and exposure to the Binance user base.

4. Learn & Earn 🧑‍🏫

Binance Learn & Earn is a program by Binance that aims to educate users on the blockchain industry, offering rewards in the form of cryptocurrency for completing courses and quizzes ¹ ² ³ ⁴. Here's how it works:

*Key Features:*

- *Courses and Quizzes*: Users can access various courses and quizzes related to blockchain and cryptocurrency.
- *Rewards*: Upon completing courses and quizzes, users receive a predetermined amount of cryptocurrency, such as CKB and PORTAL.
- *First-Come, First-Served Basis*: Rewards are limited and available on a first-come, first-served basis.
- *KYC-Verified Users*: Only KYC-verified users are eligible to participate and receive rewards.
- *Caps on Rewards*: There are caps imposed on the amount of rewards available to eligible users per country/region.
- *Simple Earn Locked Products*: Rewards are automatically locked in Simple Earn Locked Products for 150 days, offering 10% APR.

*Terms and Conditions:*

- Users must complete KYC to receive rewards.
- Illegally bulk registered accounts or sub-accounts are not eligible to participate or receive rewards.
- Rewards are limited and available on a first-come, first-served basis.
- Users can only claim the reward for each course after completing the respective quiz.
- The actual value of the reward received is subject to change due to market fluctuation.

*Disclaimer and Risk Warning:*

- Digital asset prices can be volatile.
- The value of your investment may go down or up, and you may not get back the amount invested.
- You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur.

5. Write 2 earn on square 📝

Write-to-Earn is a feature on Binance Square that rewards users for creating and sharing valuable content related to cryptocurrency and blockchain. Here's how it works:

_Users can earn rewards in the form of cryptocurrency (BNB or other tokens) by:_

1. Creating high-quality content (articles, images, videos, etc.) on topics like market analysis, project reviews, industry news, and more.
2. Sharing their content on Binance Square.
3. Engaging with others by commenting, liking, and sharing their content.

_Rewards are based on:_

1. Content quality and relevance.
2. Engagement generated (likes, comments, shares).
3. User participation and contribution to the community.

_Write-to-Earn aims to:_

1. Encourage quality content creation.
2. Foster community engagement and interaction.
3. Support content creators and industry experts.

By participating in Write-to-Earn, users can monetize their content, build their reputation, and contribute to the growth of the Binance Square community.

Hope you learn & understand very well these features , THANK YOU for Reading, also hit like button for supporting us more ⭐

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