The#Toncoincryptocurrency has risen by 208% since the beginning of 2024, becoming the highest among the 10 largest cryptocurrencies in market value since the beginning of this year.

While "#Bitcoin", the largest#cryptocurrencyin market value, rose by 64% during the same period.

Three important events that may impact the cryptocurrency market this week

1. Federal Reserve Decision on Interest Rates – Wednesday

2. Consumer Price Index (CPI) reports – Wednesday

3. Producer Price Index (PPI) reports – Thursday

$🔴Very important:

🔺The Kingdom of Saudi Arabia is about to...
Causing an earthquake in the global economy!

🔺The Kingdom of Saudi Arabia is expected to announce today that it will stop all oil sales in US dollars, following the end of the 50-year petrodollar agreement that was signed on June 6, 1974.

What does this mean (if it happens):

1⃣ The demand for the dollar decreases, which leads to
Decrease in the value of the US dollar

2⃣ High demand for gold and silver as a hedge against inflation.

3⃣Rise in oil prices against the dollar

⬅️Saudi Arabia informed the Biden administration that it will not renew the petrodollar agreement

#Binance

Binance re-provides services for purchasing cryptocurrencies via “MasterCard”

The move came after the service was suspended in August 2023 due to legal challenges faced by Binance in the US, including charges brought against the exchange by both the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
#Binance

🔵 During the past 24 hours, 152,225 traders were liquidated, bringing the total liquidation to $440.66 million.

🗣The largest single liquidation order occurred on OKX - $ETH -USD-SWAP with a value of $5.20 million.
#TopCoinsJune2024

MasterCard announced the launch of its new program, “Mastercard Crypto Credential,” which aims to facilitate and secure digital currency transfers using blockchain technology, by simplifying procedures and making them safer for users by converting long addresses of blockchain wallets into pseudonyms.

The new program allows users on several platforms, such as: “Bit2Me,” “Lirium,” and “$BTC Mercado Bitcoin” to send and receive cryptocurrencies using easy-to-remember pseudonyms, instead of relying on long and complex blockchain addresses.
#CryptoMENA
#lirium

Thailand approves first Bitcoin ETF

Access to Thailand's new Bitcoin ETF will be limited to wealthy and institutional investors only.

The Bitcoin ETF is named “ONE $BTC ETF” and is scheduled to be distributed between May 31 and June 6.
#ETFvsBTC

American businessman Robert Kiyosaki, author of the famous book Rich Dad, Poor Dad.
The struggler in economics, who has been tweeting continuously and recommending the purchase of gold, silver, and bitcoin for almost a year, has intensified his recommendation to buy.
Today, Fajr tweeted boldly, as it is not his habit to write numbers. He predicted that the price of Bitcoin will be $350,000 at the end of August 2024, saying, “This is not a lie, but an expectation, a desire, and a dream.”
It is worth noting that he added currencies $ETH and $SOL to his list.

My comment: Since I mentioned the importance of the month of September-October this year (and I also put a poll here on the channel about that), I agree with him in the positivity and that the price will be above $100,000, but I do not agree with him in his expectation of $350,000, and everything is possible, and he has a deep economic outlook.
#bitcoin #ETHETFsApproved #solana

🔴Data after less than an hour
🎖The release of employment data is higher than expected, positive for the dollar $USTC and vice versa.
🎖The unemployment rate being lower than expected is positive for the dollar and vice versa
🔴Data is very important, so it is best to stay away from the markets until Monday
#USDT🔥🔥🔥

🔵 Ripple is preparing to sell 150 million coins💰 $XRP

🔴 Currencies are transferred from the treasury wallet to an unaddressed wallet, then the balance is distributed to several other wallets before the final transfer to the platform wallets.

🔴Ripple sells from 200 million to 260 million XRP coins in the same way per month.
#XRP'

$BNB 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 BNB support and resistance levels gives traders a clear view of the supply and demand situation and even helps them identify reversals in trends.
#BNB⁩

The future of Bitcoin ($BTC ) is promising but uncertain. Institutional adoption may drive its value higher, yet volatility and regulatory issues could hinder widespread use. Bitcoin remains a leader in financial transparency and security.
#bitcoin