🟠 Bitcoin is in the national interest 💪 #BTC | TopCryptoNews on Binance Square

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🟠 Bitcoin is in the national interest 💪 #BTC

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🐸 PEPE price was in the recovery zone, but even the potentially bullish outcome proved to be bearish. The investors witnessed major losses, but this might not deter the large wallet holders from continuing their buying sprees. 🔸 PEPE Hits the Bears Hard PEPE price noted a minor 9% rise in price in the last 24 hours, leaving the market in shock. Not because it resulted in the initiation of recovery but because it led to massive short liquidations. According to the data obtained on Coinglass, the meme coin noted $17 million worth of short liquidations in a single day. This is the largest liquidation in the meme coin’s history, which shows that the bears were expecting an additional decline in the PEPE price this weekend.PEPE Price Rising by 9% Causes Largest Liquidation in History But as terrible news for the bears, it proved to be bullish for other investors, namely the top addresses, including whales. These non-exchange addresses hold the largest amount of PEPE over other individual addresses. In the last three weeks, these investors bought more than 1.5 trillion PEPE worth more than $13 million. This shows that the top holders, rather than turning bearish over the decline, observed it as an opportunity to accumulate. This would prove to be profitable once the price recovers. 🔸 PEPE Price Prediction: Reclaiming the Uptrend PEPE price lost the uptrend that had been unbroken since mid-April earlier this week. As a result, the meme coin fell from $0.00001146 to $0.00000889 at the time of writing. The slip below $0.00001000 was a crucial bearish moment, leading to many believing further decline is on the cards. However, the green candlestick from 24 hours ago could be the first sign of recovery. If the meme coin multiplies $0.00001000 into support again, it could rise to $0.00001146 to recover the recent losses. But if this fails, a drawdown to $0.0000775 is also possible, followed by consolidation under $0.00001000. This would invalidate the bullish thesis. #pepe $PEPE #meme

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⭐️ Bullish Signal On LUNC: Researcher Spots Potential Triggers Acclaimed blockchain researcher Collin Brown has spotted significant bullish developments in the Terra Luna Classic ecosystem. In a recent post highlighting Terra Classic Foundation’s recent announcement on X, Brown identified trends that suggest improved LUNC adoption that could signal a potentially bullish sentiment for the altcoin. 🚀 Terra Luna Classic Staking Ratio Hits 15% With 1T LUNC Staked! 🔹 Over 1 trillion Terra Luna Classic (LUNC) tokens staked. 🔹 Staking ratio surges to 15.01%. 🔹 Recent LUNC burns by Binance add to optimism. 🔹 $70.15 million worth of LUNC staked. Staking reduces.. — Collin Brown According to Brown, onchain data reveals that Terra Classic community members have staked over one trillion LUNC tokens, amounting to $70.15 million. He noted the figure reflects a surge in the crypto token’s staking ratio, pushing it to 15.01%. The blockchain researcher further highlighted that the increased staking rate reduced LUNC’s circulating supply, signaling significant community confidence and potential price appreciation. Meanwhile, Brown spotted additional bullish momentum for LUNC triggered by Binance’s recent burn exercises, which he believes added to the optimism within the Terra Classic community. Binance burned 1.7 billion LUNC tokens on July 1, marking the 23rd batch since it kicked off the LUNC burn mechanism. Binance has supported the Terra Classic community since 2022 by implementing the LUNC burn mechanism to reduce the token’s overall supply. The above-mentioned 23rd token burn batch covered from May 31 to June 29. It is worth noting that Binance alone accounts for over 50% of the total tokens burned by the Terra Classic community. For detailing, Binance has now burned over 62 billion LUNC tokens, with the total LUNC tokens burned by the Terra Classic community exceeding 125 billion. LUNC traded for $0.000070451 at the time of writing, reflecting a 46% price drop in the past six weeks. $LUNC #LUNC

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💥 Bitcoin Network Sees Second Largest Difficulty Reduction of 2024 On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. 🔸 Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty dropped by 5% this week at block height 850,752 on July 4. This reduction, the second-largest this year, follows a 5.62% drop that occurred on May 9 at block height 842,688. Both significant decreases came after the fourth halving event at block height 840,000. Despite hashprice levels hitting unprecedented lows, the hashrate remains at 582.33 exahash per second (EH/s). Additionally, the average block interval has been approximately ten minutes and four seconds. The low price of bitcoin, directly affecting hashprice levels, has put substantial pressure on miners. The past two months have seen mining revenue fall significantly compared to the two months preceding the downturn. This has resulted in three consecutive difficulty reductions, although the first two were minor, at 0.79% and 0.05%. The next difficulty retarget is anticipated on July 19, with another reduction likely in the cards. The recent consecutive decreases in Bitcoin’s mining difficulty underscore the ongoing challenges miners face due to low hashprice levels and declining revenue. As the network adjusts, the upcoming retarget on July 19 may continue this pattern. This period highlights the dynamic nature of Bitcoin’s ecosystem, where external pressures can significantly impact operational realities, including adjustments that benefit miners. $BTC #BTC

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⭐️ Polkadot Introduces Hyperbridge to Revolutionize Blockchain Connectivity, Will DOT Surge Soon? Polkadot’s Hyperbridge enables seamless communication between multiple blockchain networks using advanced cryptographic proofs and decentralized relayers. Hyperbridge’s coprocessor model reduces on-chain verification costs by performing off-chain computations, enhancing transaction speed and efficiency. Hyperbridge’s chain-agnostic nature allows developers to create applications that interact seamlessly with any blockchain, promoting widespread adoption. Polkadot has launched Hyperbridge, a groundbreaking concept that promises to transform blockchain interoperability. 1/7 🧵 Introducing Polkadot Hyperbridge: @hyperbridge_ is the ultimate solution for blockchain interoperability. Imagine seamless communication between Polkadot, Ethereum, BNB chain, Base…, powered by cutting-edge cryptographic proofs and decentralized relayers. — dablock.com The technique allows for easy interaction between Polkadot, Ethereum, and the BNB Chain, among other blockchain networks. Hyperbridge addresses a major issue in the blockchain industry by utilizing decentralized relayers and advanced cryptographic proofs. Blockchain networks cannot be fully utilized unless interoperability is achieved. It provides secure and scalable interactions across several chains. Hyperbridge’s unique coprocessor model improves upon this feature. This model decreases on-chain verification costs by running computations off-chain and securely transmitting the results immediately. As a result, cross-chain transactions become faster, more cost-effective, more efficient. Hyperbridge includes various new features that distinguish it from other systems. One of the main features is proof aggregation that enables Hyperbridge to validate and combine the states of multiple connected blockchains into a single proof. This consolidated proof serves as a secure bridge for cross-chain messages. $DOT #DOT #Polkadot

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🔥 Chainlink Price Analysis Hints $20 Rally Amid Whale-Driven Momentum Chainlink Price Analysis: During the June market correction, the Chainlink price experienced a sharp decline, suffering a 26% loss over the month. However, as supply pressures subsided over this weekend, buyers succeeded in maintaining support above the $12.2 level, which has been a critical floor since November 2023. This level is now viewed as a key turning point for a potential reversal from the recent significant drop. 🔸 Chainlink Price Analysis: Whales Build Positions with $86.7 Million in LINK As the market witnesses a massive crash over the weekdays, a fresh recovery hits over the weekend. With a similar trend, the LINK price sustains above the $12.59 support level with a lower price rejection on Friday. This completes a morning star pattern with the 7.28% bullish engulfing candle. In the larger trend, the ongoing correction phase marks a negative cycle within a triangle pattern. As the buyers abruptly halt the negative cycle before reaching the support trendline, a bullish reversal is likely to start. Recent on-chain data reveals a significant accumulation of Chainlink (LINK) by whales and institutional investors. A total of 90 fresh wallets have withdrawn approximately 6.72 million LINK, valued at $86.7 million, from Binance recently. Additionally, another set of data from Lookonchain reveals that 54 fresh wallets withdrew 2.08 million LINK, valued at $30.28 million, from Binance around late May to Early June. The continuous accumulation of LINK by large wallets underscores the growing confidence and interest in Chainlink’s long-term potential. The anticipated bull cycle can test the overhead declining trendline that has caused two bearish reversals within the triangle. Further, it could reclaim the $15 psychological mark. Currently, altcoin trades at $12.919 with an intraday drop of 1.98%. This undermines the bullish recovery but the action sustains above the critical level of $12.58. $LINK #LINK

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