Bitcoin deepens losses $BTC At the forefront of digital currency losses, the value of Bitcoin decreased by 1.02%, and last week as a whole, as the most valuable digital currency ever faced losses of 9.7% to be traded at the level of $60,846, according to Binance platform data today, Sunday, August 4, 2024.
Cryptocurrency losses $ETH Ethereum, which came in second place on the list of the largest cryptocurrencies in terms of market value, recorded losses of 1.7% during the past hours, with a decline of 9.4% during recent transactions, recording the level of $2,914.
Its combined market value also fell to the level of $350.4 billion, occupying a market share of 16.27% of the total crypto market.
The “Teaser” coin came in third place, after its price stabilized at the level of $1, while its combined market value stabilized at the level of $114.4 billion, occupying a market share of 5.31%.
No What is Bitcoin dominance? Why do you control the entire crypto market?
It is always said in the world of crypto that Bitcoin #BTC leads the entire market, so if it rises, the market rises, and if it falls, the market falls. For this reason, focusing on Bitcoin's movement and direction has become so important that a Bitcoin dominance indicator has been developed to measure the extent of Bitcoin's dominance over the market. What is this indicator? What do the ratios of this indicator mean? Is it possible to predict market movements through it? Let's find out
Bitcoin exchange-traded funds see largest daily inflows since early June
News reports said on Tuesday that institutional investors returned to Bitcoin again, as Bitcoin exchange-traded funds on the US stock exchange witnessed their largest inflows in nearly seven weeks. Reports indicated that spot Bitcoin ETFs became favored this week, as the funds recorded the largest daily inflow yesterday, Monday, since June 4, after four out of 11 Bitcoin ETFs (#BTC ) entered a huge amount of 533.6 million. Dollars, according to preliminary data from Farside Investors.
Germany officially recognizes the sale of 50 thousand Bitcoins
The German government officially admitted its involvement in the sale of 49,858 Bitcoins related to the movie2k piracy website case. The German authorities stated, in a press release, that the sales were made due to what was stipulated in Article 111p of the Code of Criminal Procedure, and this step was classified as an emergency sale. The statement issued by the state of Saxony on July 17 indicated that Bankhaus Scheich Wertpapierspezialist AG, the bank responsible for selling Bitcoin, was tasked with completing the sales in a fair and courteous manner on the market, and carrying out these sales in small tranches over a period of three and a half weeks.
The German government is transferring another $52 million in Bitcoin, threatening more Bitcoin selling pressure
A cryptocurrency wallet branded as “German Government (BKA)” sold $52 million worth of Bitcoin, raising doubts about the government’s desire to sell the entirety of its massive Bitcoin holdings. The wallet linked to the German government transferred 832.7 BTC $BTC In four individual transactions on July 2, the wallet sent 100 BTC to Coinbase, 150 BTC to BitStamp, and 32.74 BTC to Kraken, according to Arkham Intelligence data.
'VanEck' files application to launch 'Solana' ETF in the US
VanEck, one of the first ETF issuers (#ETF ) in the United States, has applied for a Solana ETF. (#Solana ). Matthew Siegel, head of digital asset research at VanEck, took to the X platform on June 27 to announce that the company had filed an application for a Solana ETF with the US Securities and Exchange Commission (#SEC✅ ).
Whales shed nearly $26 million worth of meme coins during market downturn
When the value of Bitcoin temporarily fell below the $59,000 threshold yesterday, panic set in among retail investors and cryptocurrency whales. Amid this volatility, on-chain data reveals that these large players are strategically reducing their holdings of meme coins. Mime coins are known for their high-risk, high-reward nature, and often experience sharp fluctuations.To get an advertising service for your crypto project or data
Strong rise in BONK and FLOKI currencies amid market decline.. Will the rise continue?
The digital currency market witnessed a remarkable rise in the meme currencies “Bonk” (#BONK🔥🔥 ) and “Fluki” (#FLOKI🔥 ), which are based on the Solana network, by more than 15%, despite the general decline it is witnessing. market. The price of the “Bonk” currency exceeded $0.000022, recording a 17% increase, with a market value of $1.53 billion, making it ranked 56th among the largest digital currencies. Bonk witnessed a noticeable increase in daily trading volume. It reached approximately $300 million.
Rumors indicate that Solana is under criminal investigation
Solana <t-21/>#sol is said to be under investigation, according to a prominent influencer on the social media platform X. Details are still unclear. Solana is among the cryptocurrencies that received a “safety” rating by the US Securities and Exchange Commission (SEC) last year.For an advertising service for crypto projects
Shiba Inu falls to the lowest point... and here's why
Shiba Inu $SHIB 's price performance is the worst among meme coins this month. It may take some time for Shiba Inu holders to recover, as current market conditions do not support a positive outcome. To get an advertising service for crypto projects Shiba Inu investors are backing down The price of the Shiba $SHIB Eno is facing significant pressure from bears as the memecoin fell to a three-month low. With this decline, selling pressure on SHIB investors continues to rise, as seen in the decline in the Chaikin Funds Flow Index.
Bitcoin loses more than $2,000 in half an hour, with massive losses for shares of crypto companies
The digital currency Bitcoin witnessed significant losses during trading on Monday, as the price of the digital currency with the largest market value in the digital currency market fell by more than $2,000 in less than 30 minutes, which caused mass losses in the shares of crypto trading companies. The sharp decline in the price of Bitcoin comes after the Bitcoin trading exchange Mt.Gox announced that it is scheduled to begin distributing Bitcoin and Bitcoin Cash payments, BTC and BCH, which had been suspended, as of the beginning of next July, according to a notice published by the company’s rehabilitation secretary. Nobuaki Kobayashi on Monday.
New legal challenges for Ripple: Brad Garlinghouse's statements are the subject of the trial
The main issue in the lawsuit is whether $XRP are considered “securities” under US law, a determination that could significantly impact the regulatory obligations of digital currencies. Ripple's defense essentially argues that XRP does not meet securities standards based on the Howey Test, a standard for defining investment contracts. However, Judge Hamilton focused her decision on taking the case to trial.
These currencies will be combined into one currency called $Asi For your information, all three currencies are in the ascendant phase
And one last piece of advice Trading pair $AGIX will be removed on 7/1/2024 Therefore, you should be careful while trading whether it is rising or falling.
$PEPE currency traders rely on many technical indicators and analyzes to know future price expectations. While tracking all indicators is necessary to evaluate an accurate price prediction that matches the market trend, this does not prevent the existence of basic and more valuable indicators. Knowing the Pepe support and resistance levels gives traders a clear view of the supply and demand situation and even helps them identify reversals in trends.
XRP open interest rises as bets increase on Ripple dispute settlement
The digital currency $XRP , which is at the center of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC), is witnessing a significant increase in trader interest, as shown by a rise in open interest (OI). This rise in open interest, in conjunction with recent price movements, indicates growing optimism around the upside potential of XRP as hopes for a legal settlement increase.
NOT coin is tied up with $BTC like a rubber band$ . if #Bitcoin goes up by a point $NOT OT coin is moving UP two points, but if Bitcoin moves UP by two points coin follows UP by 3 to 5 points. However the momentum of NOT coin always halted by or interrupted by Bitcoin. Even it likes to goes UP Bitcoin always interrupt. عمل مرتبطة بالبيتكوين مثل الشريط المطاطي. إذا ارتفعت عملة البيتكوين بمقدار نقطة واحدة، فإن عملة NOT $ ستتحرك للأعلى بنقطتين، ولكن إذا ارتفعت عملة Bitcoin بمقدار نقطتين، فإن عملة NOT $ ستتبعها بمقدار 3 إلى 5 نقاط. ومع ذلك، فإن زخم عملة NOT $ يتوقف دائمًا أو يقطعه البيتكوين. حتى أنها تحب أن ترتفع، فإن عملة البيتكوين تقاطع دائمًا.