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#Write2earn #Bitcoin Market Analysis : Bearish Trend Although Ethereum ETF Approval #ETF #BTC #MarketAnalysis $BTC The Securities and Exchange Commission (SEC) greenlit all Spot Ethereum ETFs on Thursday, but the aftermath saw Bitcoin and the overall crypto market facing another downturn. Bitcoin is currently down nearly 2% on Friday. Ethereum ETF Approval Fails to Ignite BTC Price Despite the significant milestone of SEC's unexpected approval of Spot Ethereum ETFs, it failed to spark the anticipated surge in the crypto market. Instead, the following day witnessed Bitcoin struggling to maintain its position above $67,000, with Ethereum experiencing over a 3% decline, and several altcoins faring even worse. A 'Sell The News' Scenario The Ethereum community had likely anticipated a 'sell the news' scenario, considering Ethereum had already surged by over 28% in the last four days. BTC Breaks Out of Mini Bull Flag On the short-term hourly chart, Bitcoin has broken downwards out of a small bull flag, signaling a bearish trend. While there is support below, the price needs to hold steady to avoid dropping to the next support level at $64,000. False Breakout on Large BTC Bull Flag On the higher daily timeframe, a larger bull flag is evident. However, the price has reentered the flag, indicating a false breakout. Nonetheless, there is solid support at this level. If the price continues to decline, it could potentially fall back to $55,000. BTC Shows Positive Signs for the Future Despite these fluctuations, the 4-hour, 8-hour, and 12-hour stochastic RSIs are bottoming out, suggesting that upward momentum may soon resume for Bitcoin. In summary, the bull flag remains relevant, with substantial support levels beneath the current price, including highs from the previous 2021 bull market. Additionally, the weekly stochastic RSI indicates a cross up from the bottom, indicating a potential return of momentum. A shift is underway in the US political landscape concerning crypto, and with elections scheduled for November.

#Write2earn #Bitcoin Market Analysis : Bearish Trend Although Ethereum ETF Approval

#ETF #BTC #MarketAnalysis $BTC

The Securities and Exchange Commission (SEC) greenlit all Spot Ethereum ETFs on Thursday, but the aftermath saw Bitcoin and the overall crypto market facing another downturn. Bitcoin is currently down nearly 2% on Friday.

Ethereum ETF Approval Fails to Ignite BTC Price

Despite the significant milestone of SEC's unexpected approval of Spot Ethereum ETFs, it failed to spark the anticipated surge in the crypto market. Instead, the following day witnessed Bitcoin struggling to maintain its position above $67,000, with Ethereum experiencing over a 3% decline, and several altcoins faring even worse.

A 'Sell The News' Scenario

The Ethereum community had likely anticipated a 'sell the news' scenario, considering Ethereum had already surged by over 28% in the last four days.

BTC Breaks Out of Mini Bull Flag

On the short-term hourly chart, Bitcoin has broken downwards out of a small bull flag, signaling a bearish trend. While there is support below, the price needs to hold steady to avoid dropping to the next support level at $64,000.

False Breakout on Large BTC Bull Flag

On the higher daily timeframe, a larger bull flag is evident. However, the price has reentered the flag, indicating a false breakout. Nonetheless, there is solid support at this level. If the price continues to decline, it could potentially fall back to $55,000.

BTC Shows Positive Signs for the Future

Despite these fluctuations, the 4-hour, 8-hour, and 12-hour stochastic RSIs are bottoming out, suggesting that upward momentum may soon resume for Bitcoin.

In summary, the bull flag remains relevant, with substantial support levels beneath the current price, including highs from the previous 2021 bull market. Additionally, the weekly stochastic RSI indicates a cross up from the bottom, indicating a potential return of momentum.

A shift is underway in the US political landscape concerning crypto, and with elections scheduled for November.

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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#Write2earn Pepe Coin Accumulation Sparks Bullish Momentum: New Wallet Buys 202 Billion PEPE from Binance #pepe⚡ $PEPE #PepeCoinToTheMoon #memecoin The recent surge in Pepe coin accumulation has sent ripples through the crypto industry, propelling PEPE's price to new heights. Notably, a staggering 202 billion coins were scooped up from Binance, fueling anticipation of further price gains. Fresh Accumulation Ignites Optimism In a remarkable turn of events on June 3, amidst Pepe coin's already impressive bull run, a new wallet address amassed a substantial amount of PEPE from Binance. This influx of coins, totaling $3.07 million, occurred against the backdrop of a weekly pullback in PEPE price, sparking bullish sentiments among market participants. Investors interpret this accumulation as a positive sign, indicating continued confidence in the asset's potential despite speculations that PEPE may have reached its peak. The frog-themed crypto's resilience and ongoing market surge further bolster this outlook. Pepe Coin's Market Dynamics According to data from the on-chain analytics platform Whale Alert, a whopping 202.4 billion PEPE was withdrawn from Binance by the wallet address 0x5077. This substantial accumulation adds to PEPE's already impressive performance in this year's bull cycle. However, recent PEPE dumps in the market have also drawn attention, possibly driven by profit-taking behavior amidst the coin's phenomenal rally, boasting a 96% increase over the past month. Price Movement and Market Statistics Despite these fluctuations, PEPE's price surged by 2.80% in the past 24 hours, reaching $0.00001519. Market indicators paint a positive picture, with futures Open Interest (OI) and derivatives volume showing significant upticks. The Relative Strength Index (RSI) hovering near 63 suggests that PEPE has yet to reach overbought levels, indicating potential for further gains. Conclusion With substantial accumulation and promising market statistics, Pepe coin stands as a bullish contender in the global crypto market.
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#Write2earn #Polkadot (DOT) Holds Above $7 Amid Volatility: Analysts Remain Bullish #Dot........ $DOT #altcoins Last week, Polkadot faced a bearish spell, slipping from $7.63 to $6.97. However, it managed to stay above the crucial $7 mark, finding stability as buyers re-entered the market, pushing DOT back to $7.05 by Saturday. Crucial Juncture Ahead for Polkadot (DOT) Currently, Polkadot is at a pivotal point, caught between support at $7 and resistance at $7.60. Breaking through the $7.60 barrier, aligned with the 200-day SMA, could launch DOT toward $8. Conversely, a breach of $7 support may lead to a dip to $6.40. DOT's Undervaluation Despite Technological Strides Renowned analyst Michael van de Poppe highlights Polkadot's undervaluation, particularly with recent upgrades like the JAM protocol. With a focus on real-world asset integration, Polkadot is making strategic strides, boasting six RWA-focused projects within its ecosystem. "Polkadot ($DOT) remains heavily undervalued. With the recent JAM Upgrade and a strong focus on real-world assets, DOT is set for significant growth," van de Poppe emphasized.
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#Write2earn KEITH GILL’S GAMESTOP OPTIONS POSITION SPARKS MEME TOKEN RALLY #GAMEstop #GME #TheRoaringKitty #KeithGill Influential retail trader Keith Gill, known for the 2021 GameStop short squeeze, has reignited market excitement with a recent post on the r/superstonks subreddit. Using his “DeepF*****Value” alias, Gill revealed his substantial GameStop (GME) options positions early Monday during Asian trading hours. Gill's post showcased over $116 million in GME shares and $63 million in call options set to expire on June 21. His strategic bets have already netted him $6.8 million, sparking a speculative frenzy. Market Reactions The viral Reddit post sent ripples across both stock and crypto markets. Cat-themed meme tokens such as toshi (TOSHI), mog (MOG), keycat (KEYCAT), and wen (WEN) surged by up to 37% in the past 24 hours, as per CoinGecko data. GME, a Solana meme token, soared over 200% according to DEXTools data. GameStop shares also climbed by more than 80%, while AMC Entertainment Holdings Inc. (AMC) saw a 36% increase in premarket trading, based on MarketWatch data. This is the second time in under a month that Gill’s social media activity has influenced crypto and stock markets. His May post on the @TheRoaringKittyX account triggered similar rallies across Solana meme tokens. Keith Gill's Influence Gill earned his reputation and market authority by analyzing GameStop's financials on Reddit stock market forums starting in 2019. His insights gained traction during the COVID-19 pandemic, culminating in the viral GameStop short squeeze of January 2021. This phenomenon saw small-time traders unite to purchase options and leveraged shares, driving the stock price up significantly. Gill’s initial $53,000 investment in GameStop reached a peak value of nearly $50 million, cementing his status as a rags-to-riches success story and garnering a dedicated following.
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#Write2earn #Bitcoin Price Surge: Analysts Eye $74,000 Target Amid Positive Market Sentiment #BTC #BitcoinAnalysis $BTC Bitcoin's price has surged by more than 2%, spiking trading activity and market interest. This comes amid key developments like the approval of Bitcoin ETFs and the upcoming Bitcoin halving event. Bullish Signals from Analysts Crypto analyst Ali Martinez shared a positive outlook, noting, "Bitcoin appears to be breaking out from a symmetrical triangle!" He indicated that if Bitcoin closes above the $69,330 resistance level, it could rally toward $74,400. Strong On-Chain Data On-chain data from IntoTheBlock shows robust demand for Bitcoin. With a significant demand zone between $66,900 and $68,900, where over 2 million addresses hold about 1.1 million Bitcoin, the foundation for further price increases looks solid. Market Sentiment and Projections If Bitcoin stays above $69,330, it could rally to $74,000 and beyond. The approval of U.S. Spot Bitcoin ETFs has boosted market sentiment, adding liquidity and legitimacy. Currently, Bitcoin is trading at $69,056.03, up 2.04%, with a 24-hour high of $69,313.26. Trading volume has surged by 119.15% to $24.29 billion. Conclusion With bullish technical indicators and strong on-chain data, Bitcoin seems poised for significant gains. Investors should watch key resistance levels and market developments closely.
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#Write2earn MANTRA and Ondo Finance Join Forces to Enhance Liquidity in RWA Tokenization #MANTRA #ONDOfinance #ONDO $ondo $OM #RWA MANTRA, a leader in real world asset (RWA) tokenization, has unveiled a significant new product in collaboration with Ondo Finance. This development aims to boost liquidity for RWA tokenization, an area attracting substantial institutional interest this year. Key Highlights: Launch of USDY: MANTRA will introduce Ondo’s interest-bearing tokenized note, USDY, when its blockchain launches later this year. USDY offers exposure to short-term US Treasury yields while retaining stablecoin utility. Note: USDY is not available in the US or to US persons. Liquidity Incentives: To celebrate this milestone, MANTRA and Ondo will incentivize a multi-chain vault. Users contributing USDC to this vault will gain immediate access to high-quality yields. Those staying until MANTRA Chain’s mainnet launch will receive ONDO tokens and mainnet OM coins. The vault opens in June on Ethereum and Base. Incentive Structure: Progressive rewards will be distributed as participation milestones are reached, ensuring returns remain attractive. Vision and Leadership: Nathan Allman, CEO of Ondo Finance: "We are excited to see the USDY vault launching on MANTRA, furthering our mission to bring institutional-grade assets to the world." John Patrick Mullin, CEO of MANTRA: "Introducing USDY is a major expansion of our ecosystem, enhancing our onchain liquidity profile. This product launch aligns with our strategy to collaborate with leading RWA projects." Conclusion: This collaboration marks a pivotal advancement in the RWA tokenization sector. With the launch of USDY and the multi-chain vault, MANTRA is set to enhance liquidity and bridge the gap between traditional and decentralized finance, solidifying its leadership in the digital assets industry.
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