The Bitcoin price is currently at $71,077.00, as of June 5, 2024. Over the past 24 hours, the price of BTC has moved by 3.05%. The 24-hour trading volume for Bitcoin stands at $36,534,056,550. Over the past year, the BTC price has experienced a 164.98% change. Bitcoin now holds the 1 position in crypto.news rankings, with a market capitalization of $1,398,577,900,613. The circulating supply of BTC is currently $19,707,868. The metrics are updated every minute for real-time accuracy
$BTC $BNB $ETH Ethereum-based crypto investment products saw negative outflows for the fourth consecutive week despite positive inflows into other crypto-based investment products.
Ethereum saw $22.5 million worth of outflows last week, in contrast with most of the other top altcoins, according to an April 8 report by CoinShares.
“Digital asset investment products saw continued positive sentiment with inflows totalling US$646m last week. inflows year-to-date at US$13.8bn are at their highest ever level, now far surpassing the US$10.6bn seen in 2021.”
Ethereum’s fourth consecutive week of outflows came despite other top altcoins recording positive inflows. According to the report, Litecoin registered $4.4 million worth of weekly inflows, followed by Solana with $4 million and Filecoin with $1.4 million.
Dogecoin is witnessing a tough battle between the bulls and the bears near the $0.17 level. The 20-day EMA ($0.15) has started to turn up, and the RSI is in the positive territory, indicating advantage to buyers. If the bulls drive and maintain the price above $0.17, the DOGE/USDT pair is likely to accelerate toward $0.21.
The 20-day EMA is the crucial support to watch on the downside. If the price turns down and breaks below the 20-day EMA, it suggests that the pair may remain inside the range for a while longer.
Toncoin (TON) attempted to bounce off the moving averages on May 20 but the bulls could not build upon the momentum.
The 20-day EMA ($6.35) has flattened out, and the RSI is near the midpoint, suggesting that the TON/USDT pair could oscillate between $4.72 and $7.67 for some time. If the price rises above $6.73, the pair may reach the overhead resistance of $7.67.
On the contrary, if the price continues lower and breaks below the 50-day SMA, it will signal that the bears have the edge in the short term. That could open the doors for a fall to $5.50 and later to $4.72.
The bulls tried to push XRP to the overhead resistance of $0.57 on May 21, but the long wick on the candlestick shows that the bears are selling on rallies.
If the price rebounds off the moving averages, it will signal that the bulls are attempting to flip the level into support. If they manage to do that, the prospects of a rally above the overhead resistance of $0.57 increase. The XRP/USDT pair could then surge toward $0.67.
Contrarily, if the price continues lower and breaks below the 20-day EMA, it will suggest that the bulls have given up. The pair could then drop to the support line, where the bulls will try to arrest the decline.
Solana SOL rose above the immediate resistance of $185 on May 20, but the bulls could not sustain the higher levels.
The price slipped below $185 on May 21, suggesting that the bears have not given up. However, the upsloping 20-day EMA ($161) and the RSI in the positive zone signal that the path of least resistance is to the upside.
If buyers overcome the obstacle at $165, the SOL/USDT pair could retest the critical overhead resistance of $205. This positive view will be invalidated in the near term if the price turns down and breaks below the moving averages.
Binance Сoin (BNB) is a cryptocurrency designed by the eponymous cryptocurrency exchange. Based on the ERC-20 standard, Binance Coin was established with the Ethereum technologies. The Binance Coin market cap is one of the largest on the market and the largest among the ERC based tokens with over 1,3 billion dollars at the time of writing this article. BNB was developed to become a trading tool on the Binance cryptocurrency exchange. BNB-based transactions are subsidized by the exchange making the coin more attractive to use within it. Due to the large trading volume of Binance and its effective strategy on the new asset, Binance Coin was fast to become a major part of the industry. BNB price is supported by the large number of businesses accepting the coin as a form of payment.
BNB turned up from the support line of the symmetrical triangle pattern on May 20 and rose above the resistance line. This shows that the uncertainty resolved in favor of the bulls.
The BNB/USDT pair reached the pivotal overhead resistance of $635 on May 21. This level is likely to act as a stiff hurdle, but if the bulls do not cede ground to the bears, it will improve the prospects of an upside breakout. A close above $635 could clear the path for a rally to $692.
Explore the latest Ethereum price news today! Ethereum, a pioneering blockchain platform, continues to shape the digital landscape with its smart contract functionality and decentralized applications (DApps).
With its native cryptocurrency, Ether (ETH), Ethereum powers transactions and fuels innovation across various crypto sectors. Like all cryptocurrencies, ETH’s volatile nature is evident through its frequent all-time highs and occasional lows.
Stay up-to-date with all the latest coverage of Ethereum’s price movements, market trends and analysis.
#btc70k #ETHETFsApproved #StartInvestingInCrypto $BTC $ETH $BNB Bitcoin (BTC) was invented by a pseudonymous individual or group named Satoshi Nakamoto in 2008 and is the world’s first enduring cryptocurrency that succeeded where decades of digital cash experiments failed.
Bitcoin’s monetary policy is enforced through a unique blend of software, cryptography and financial incentives rather than the whim of trusted third parties. The Bitcoin network is powered by a cryptographically secure, verifiable database called the blockchain — itself a technological phenomenon.
The Bitcoin ecosystem consists of a global network of stakeholders, including the miners that secure the network and drive the issuance of the Bitcoin currency, the traders who speculate on this radically market-driven asset, and the builders working to onboard people to the cryptocurrency paradigm.
At Cointelegraph, we are chronicling the ongoing story of Bitcoin and the rise of a borderless, permissionless financial system. What has changed since Satoshi wrote the Bitcoin white paper? How is Bitcoin trading developing over the years, what are the best ways of investing in Bitcoin, and how do Bitcoin futures influence blockchain adoption? How will industry stakeholders work to make Bitcoin a mainstay in people’s lives, and will incumbent and legacy systems accept or fight this change?
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Question 1: Is "pay now, profit later" scheme highly risky?
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