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$BTC Today's Market is Going to be Bullish as it has reached a feisty resistance level
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The Rollercoaster Ride of Meme Coins.
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Donald Trump-Inspired Meme Coins Skyrocket Over 500,000% Following Pro-Crypto Moves. In Brief MAGA, a Trump-inspired meme coin, spiked over 500,000% in the last 24 hours. A crypto trader reportedly made $2.7 million trading MAGA in just three days. Trump’s political actions and crypto support influenced the market significantly. MAGA (MAGA), a meme coin inspired by Trump’s campaign slogan “Make America Great Again,” increased by approximately 162% in the last 24 hours. DEX Screener data reveals it is now trading at $0.0006501. The on-chain tracker platform Lookonchain reported that a crypto trader made $2.7 million in just three days by trading MAGA. They achieved a return on investment (ROI) of 505%. The trader initially spent $537,500 to buy 6 billion MAGA on May 24 and 25, then sold 1.5 billion MAGA for 744,000 USDT to take profits. Currently, the trader holds 4.5 billion MAGA, valued at $2.51 million.
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Mt. Gox moves $840 million in Bitcoin to new wallet. $BTC Defunct crypto exchange Mt. Gox transferred 12,240 BTC, valued at approximately $840 million, to a new wallet over the past hour, according to data from Arkham Intelligence. Following the transfer, Bitcoin’s price experienced a minor dip, dropping below $68,500 after surpassing $70,600 on Monday, according to CoinGecko’s data. The latest movement comes ahead of the repayment deadline set by October 31. Mt. Gox plans to repay its creditors 142,000 BTC, 143,000 BCH, and 69 billion Japanese yen. There is still a substantial balance, worth approximately $9.7 billion, in the wallet.  Join the hunt for $12,000,000+ in NEXO Tokens! Learn More      Sign In  Bitcoin Mt. Gox moves $840 million in Bitcoin to new wallet by Vivian Nguyen 3 hours ago Mt. Gox holds over $9.5 billion in Bitcoin as repayment to creditors nears.  SHARE THIS ARTICLE  Defunct crypto exchange Mt. Gox transferred 12,240 BTC, valued at approximately $840 million, to a new wallet over the past hour, according to data from Arkham Intelligence. Following the transfer, Bitcoin’s price experienced a minor dip, dropping below $68,500 after surpassing $70,600 on Monday, according to CoinGecko’s data. Mt. Gox BTC transfer on May 27 – Source: Arkham Intelligence The latest movement comes ahead of the repayment deadline set by October 31. Mt. Gox plans to repay its creditors 142,000 BTC, 143,000 BCH, and 69 billion Japanese yen. There is still a substantial balance, worth approximately $9.7 billion, in the wallet.  Market members have speculated that the large release could trigger a sell-off that depresses Bitcoin’s price. However, experts suggest that Bitcoin maximalists could shield the market from the sell-off effects. Established in 2010 and once responsible for 70% of Bitcoin transactions worldwide, Mt. Gox suffered a devastating cyberattack in 2014, resulting in huge Bitcoin losses for both the exchange and its customers.
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How To Trade The Ethereum Rally: 10x Research $ETH #EarnFreeCrypto2024 #ETHETFsApproved The team around lead analyst Markus Thielen points out several key observations. ETH > BTC Trade: Bitcoin has seen a modest 3% increase in futures open interest, while Ethereum’s surged by 45%, indicating a strong preference for ETH over BTC as the catalyst of choice. “The trade might be ETH > BTC, as that is the catalyst,” 10x Research notes. Institutional Moves: The approval of spot Ethereum ETFs can lead to significant price movements. Even the anticipation has already caused Ethereum futures open interest to increase by $4 billion. As ETF issuers prepare for sufficient capital on launch day, the rally may continue, driving ETH prices higher. Sectorwide Impact: The surge in DeFi's total value locked, increasing by $17 billion in a week to $107 billion, is also notable. Lido LDO/USD-5.00% + Free Alerts and Ethena ENA/USD have seen marked increases in their TVL, implying broader bullish sentiment that extends beyond just Ethereum. Lido (LDO) rallied from $1.50 to $2.60 after the announcement of unstaked ETH ETF approval, with more potential upside left. Why It Matters: 10x Research’s central thesis is that traders should adopt bullish positions leading up to major events, as historical patterns suggest substantial price appreciations during these periods. “For traders like us, it's essential to quickly throw out the old playbook and adjust to the new reality,” the research firm said.
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