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$BTC Bitcoin Falls to Below $56,000. Why the Crypto Is Set to Tumble Further.
#Bitcoin❗
in price fell sharply to a four-month low on Friday, extending a recent price slump as defunct crypto exchange Mt Gox began making repayments to creditors.
Moreover, German police were seen moving about $75 million of crypto confiscated from a piracy website onto exchanges, potentially heralding a mass sale event as seen earlier this year and adding to the negative sentiment.
Bitcoin slid 4.9% in the past 24 hours to $54,931.7 - its weakest level since February. The token was also down almost 11% in the past seven days.
#Bitcoin❗
in price fell sharply to a four-month low on Friday, extending a recent price slump as defunct crypto exchange Mt Gox began making repayments to creditors.
Moreover, German police were seen moving about $75 million of crypto confiscated from a piracy website onto exchanges, potentially heralding a mass sale event as seen earlier this year and adding to the negative sentiment.
Bitcoin slid 4.9% in the past 24 hours to $54,931.7 - its weakest level since February. The token was also down almost 11% in the past seven days.
Can #LEVER Hit $1?
Four days after the #Lever token was launched, the token traded at an all-time-high (ATH) of $0.0053. However, since then, the token has experienced a decline in value, despite witnessing a 15% spike in price following a #Binance #AMA promotion at the end of July 2022. If #LeverFi delivers on its roadmap and continues to attract users to its platform, the protocol rewards would accrue to the $LEVER token, likely making it an attractive holding. On the other hand, due to the large circulating supply, one could make the case that $LEVER will not likely hit $1.
Four days after the #Lever token was launched, the token traded at an all-time-high (ATH) of $0.0053. However, since then, the token has experienced a decline in value, despite witnessing a 15% spike in price following a #Binance #AMA promotion at the end of July 2022. If #LeverFi delivers on its roadmap and continues to attract users to its platform, the protocol rewards would accrue to the $LEVER token, likely making it an attractive holding. On the other hand, due to the large circulating supply, one could make the case that $LEVER will not likely hit $1.
🚨🚨Important News🚨🚨
According to our current #Bitcoin price prediction, the price of #bitcoin☀️ is predicted to rise by 32.67% and reach $ 84,572 by July 21, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 63 (Greed). #bitcoin☀️ recorded 15/30 (50%) green days with 2.35% price volatility over the last 30 days. Based on the #bitcoin☀️ forecast, it's now a bad time to buy #Bitcoin.
According to our current #Bitcoin price prediction, the price of #bitcoin☀️ is predicted to rise by 32.67% and reach $ 84,572 by July 21, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 63 (Greed). #bitcoin☀️ recorded 15/30 (50%) green days with 2.35% price volatility over the last 30 days. Based on the #bitcoin☀️ forecast, it's now a bad time to buy #Bitcoin.
🚨 $NOT Market Alert 🚨
Price is currently rising while CVD (Cumulative Volume Delta) and open interest are declining—a potential signal for a downside move.
🔍 Key Levels:
Primary Downside Target: $0.0165
Secondary Downside Target: $0.0125
Critical Support: $0.015
⚠️ Invalidation: Sustained price above $0.025 could negate this bearish outlook, indicating higher targets.
Trade cautiously and stay updated!
Price is currently rising while CVD (Cumulative Volume Delta) and open interest are declining—a potential signal for a downside move.
🔍 Key Levels:
Primary Downside Target: $0.0165
Secondary Downside Target: $0.0125
Critical Support: $0.015
⚠️ Invalidation: Sustained price above $0.025 could negate this bearish outlook, indicating higher targets.
Trade cautiously and stay updated!
***Report: #NOTCOIN
Market Update**
The Not Coin market experienced a slight dip today, with a decrease of 3.5% in value compared to yesterday's closing. This decline follows a period of steady growth over the past week, fueled by increased interest from investors and positive sentiment surrounding the project.
Despite today's dip, analysts remain optimistic about the long-term prospects of Not Coin. The project's innovative approach to decentralized finance and its strong community support continue to attract attention within the cryptocurrency space.
Market observers attribute today's downturn to profit-taking by short-term traders, rather than any fundamental weaknesses in the Not Coin ecosystem. In fact, recent developments, such as the announcement of a major partnership with a leading blockchain platform, suggest that Not Coin is well-positioned for further growth in the coming months.
Investors are advised to monitor market trends closely and consider taking advantage of any dips as potential buying opportunities. With its promising technology and dedicated community, Not Coin remains an intriguing option for those looking to diversify their cryptocurrency holdings.
Stay tuned for further updates as the Not Coin market continues to evolve.
Market Update**
The Not Coin market experienced a slight dip today, with a decrease of 3.5% in value compared to yesterday's closing. This decline follows a period of steady growth over the past week, fueled by increased interest from investors and positive sentiment surrounding the project.
Despite today's dip, analysts remain optimistic about the long-term prospects of Not Coin. The project's innovative approach to decentralized finance and its strong community support continue to attract attention within the cryptocurrency space.
Market observers attribute today's downturn to profit-taking by short-term traders, rather than any fundamental weaknesses in the Not Coin ecosystem. In fact, recent developments, such as the announcement of a major partnership with a leading blockchain platform, suggest that Not Coin is well-positioned for further growth in the coming months.
Investors are advised to monitor market trends closely and consider taking advantage of any dips as potential buying opportunities. With its promising technology and dedicated community, Not Coin remains an intriguing option for those looking to diversify their cryptocurrency holdings.
Stay tuned for further updates as the Not Coin market continues to evolve.
#LTC New Investors Create 400,00 New $LTC Wallets After $ETH Launch
On-chain data shows that an unusually high number of new wallets have been created have Litecoin network in the last few days, signalling that new entrant are entering the LTC markets, likely capitalizing on the recent LTC price dip.
Santiment’s Total Amount of Holders chart depicted below monitors daily changes in the total number of funded wallet addresses on a cryptocurrency network. An increase in active wallets suggests that the number of holders joining the network has exceeded those exiting their positions and vice verse.
On-chain data shows that an unusually high number of new wallets have been created have Litecoin network in the last few days, signalling that new entrant are entering the LTC markets, likely capitalizing on the recent LTC price dip.
Santiment’s Total Amount of Holders chart depicted below monitors daily changes in the total number of funded wallet addresses on a cryptocurrency network. An increase in active wallets suggests that the number of holders joining the network has exceeded those exiting their positions and vice verse.
Why Bitcoin Price Is Down Today?
#BTC
Bitcoin price fails to recover after Mt Gox denied reports of selling BTC amid massive BTC move by trustee. Traders awaits US PCE inflation and Bitcoin options expiry.
HIGHLIGHTS
Bitcoin price failed to recovered from a pullback after reports of Mt. Gox's massive $BTC move.
Whales sold BTC and didn't purchased considering US PCE inflation data and crypto market expiry due May 31.
$BTC recorded $25 million in long positions liquidation.
$BTC price currently trades at $68,381.
#BTC
Bitcoin price fails to recover after Mt Gox denied reports of selling BTC amid massive BTC move by trustee. Traders awaits US PCE inflation and Bitcoin options expiry.
HIGHLIGHTS
Bitcoin price failed to recovered from a pullback after reports of Mt. Gox's massive $BTC move.
Whales sold BTC and didn't purchased considering US PCE inflation data and crypto market expiry due May 31.
$BTC recorded $25 million in long positions liquidation.
$BTC price currently trades at $68,381.
#ETH 1 Top Cryptocurrency Will Soar 116%, According to Standard Chartered. Is It a Buy?
Analysts from a major British bank say that Ethereum (CRYPTO: #etherreum ) should more than double from here to the end of 2024. Does this projection make sense?
Standard Chartered's bullish Ethereum analysis
Geoff Kendrick, head of crypto research and emerging markets foreign exchange at Standard Chartered (OTC: SCBF.F), hung an $8,000 year-end price target on Ethereum (CRYPTO: $ETH ) earlier this week.
Analysts from a major British bank say that Ethereum (CRYPTO: #etherreum ) should more than double from here to the end of 2024. Does this projection make sense?
Standard Chartered's bullish Ethereum analysis
Geoff Kendrick, head of crypto research and emerging markets foreign exchange at Standard Chartered (OTC: SCBF.F), hung an $8,000 year-end price target on Ethereum (CRYPTO: $ETH ) earlier this week.
#BTC☀ Following the Bitcoin halving in April, analysts and investors remain on the edge of their seats in anticipation of a major price breakout by the maiden cryptocurrency. While Bitcoin did rise to $71,443 in the past week, the token soon suffered a retracement falling as low as $66,936. Interestingly, renowned analyst with X handle Rekt Capital has provided an interesting insight into this recent price movement and also predicted the period BTC may finally embark on a highly-anticipated bullish run.
#BNBToken
$BNB
### Overview of Binance Coin (BNB)
**Origin and Background:**
- **Launch:** Binance Coin (BNB) was launched in July 2017 through an Initial Coin Offering (ICO) by Binance, one of the world’s largest cryptocurrency exchanges.
- **Founder:** Changpeng Zhao, commonly known as CZ, is the founder of Binance and the brain behind BNB.
**Key Features:**
1. **Native Token of Binance Exchange:**
- BNB is primarily used to pay for trading fees on the Binance exchange.
- Users can receive discounts on trading fees when they use BNB.
2. **Utility and Use Cases:**
- **Transaction Fees:** BNB can be used to pay transaction fees on the Binance platform, including Binance Smart Chain (BSC), which offers lower fees compared to other blockchains.
- **Binance Ecosystem:** It is used within the Binance ecosystem for various purposes, including participating in token sales on Binance Launchpad, paying for transaction fees on Binance DEX (decentralized exchange), and more.
- **Travel and Entertainment:** BNB can be used for booking travel arrangements, purchasing virtual gifts, and more through various partnerships.
3. **Burning Mechanism:**
- Binance conducts quarterly "burns" of BNB, where a portion of the total supply is permanently destroyed. This is done to reduce the total supply and increase scarcity, potentially increasing the value of the remaining coins.
- The amount burned is based on the trading volume on the Binance exchange.
4. **Binance Smart Chain (BSC):**
- BNB is the native coin of the Binance Smart Chain, a blockchain that supports smart contracts and decentralized applications (dApps).
- BSC offers compatibility with the Ethereum Virtual Machine (EVM), allowing for the easy porting of Ethereum-based projects to BSC.
$BNB
### Overview of Binance Coin (BNB)
**Origin and Background:**
- **Launch:** Binance Coin (BNB) was launched in July 2017 through an Initial Coin Offering (ICO) by Binance, one of the world’s largest cryptocurrency exchanges.
- **Founder:** Changpeng Zhao, commonly known as CZ, is the founder of Binance and the brain behind BNB.
**Key Features:**
1. **Native Token of Binance Exchange:**
- BNB is primarily used to pay for trading fees on the Binance exchange.
- Users can receive discounts on trading fees when they use BNB.
2. **Utility and Use Cases:**
- **Transaction Fees:** BNB can be used to pay transaction fees on the Binance platform, including Binance Smart Chain (BSC), which offers lower fees compared to other blockchains.
- **Binance Ecosystem:** It is used within the Binance ecosystem for various purposes, including participating in token sales on Binance Launchpad, paying for transaction fees on Binance DEX (decentralized exchange), and more.
- **Travel and Entertainment:** BNB can be used for booking travel arrangements, purchasing virtual gifts, and more through various partnerships.
3. **Burning Mechanism:**
- Binance conducts quarterly "burns" of BNB, where a portion of the total supply is permanently destroyed. This is done to reduce the total supply and increase scarcity, potentially increasing the value of the remaining coins.
- The amount burned is based on the trading volume on the Binance exchange.
4. **Binance Smart Chain (BSC):**
- BNB is the native coin of the Binance Smart Chain, a blockchain that supports smart contracts and decentralized applications (dApps).
- BSC offers compatibility with the Ethereum Virtual Machine (EVM), allowing for the easy porting of Ethereum-based projects to BSC.