G.M Frens !
It's Taco Tuesday
📰 Today's Crypto and Defi Rundown: All the must-know updates in one place! 👇
News 📝
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• 🔍 Celestia surged 17.31%, outperforming the crypto market, while Bitcoin and Ethereum struggled amid broader market uncertainties.
• 🚀 Arweave gained 14.26%, becoming one of the top-performing altcoins as the market saw slight corrections across major cryptocurrencies.
• 🌍 Bitcoin is holding above the $63,000 level but continues to face resistance, with investors awaiting more market movements to break above $64,500.
• 📉 UNUS SED LEO and Pendle are among the biggest losers in the past 24 hours, seeing significant dips of over 5%.
• 🏦 Kraken has expanded its operations in Europe by acquiring BCM Broker, further solidifying its presence in the European market.
• 📈 Bitcoin ETFs in the U.S. saw a surge in net inflows, reaching $17.7 billion, a record high as institutional interest remains strong.
• 🛡️ Ripple's legal battle with the SEC remains a focal point in the crypto space as analysts weigh the chances of a successful SEC appeal before October.
• 💡 Artificial Intelligence-related tokens like TAO and NEAR outperformed the market, with NEAR gaining 9.07% over the past 24 hours.
• 🏦 Bitcoin is facing tough resistance at the $65,000 level, and it must break through this barrier to trigger another upward surge.
• 🌍 Ethereum saw a 1.81% drop but remains above critical support levels, while traders wait for its next significant move.
• 🏆 Stacks (STX) and Ronin (RON) were among the top gainers in today's market, seeing gains of 6.45% and 8.77% respectively.
• 🧠 The Fear & Greed Index stayed neutral at 51, reflecting cautious market sentiment as traders prepare for stronger price movements.
• 🏦 Fidelity's Bitcoin ETF, FBTC, reached $138 million in total value, showcasing increased institutional interest in Bitcoin.
• 💼 BuyUcoin reports a strong market rally led by AI-related tokens following the Federal Reserve's interest rate cuts, improving sentiment toward riskier assets.
• 🔔 The CoinDesk 20 Index rose by 1.5% over the last 24 hours, reflecting the broader market's modest recovery.
• 🔗 Render (RNDR) also saw impressive gains, along with NEAR, riding the momentum of interest rate cuts and increased market optimism.
• 💰 Monero (XMR) suffered a 5.31% loss, adding to the mixed performance of privacy-focused cryptocurrencies this week.
• ⚡ The market witnessed a $321 million spike in digital asset investments following the Federal Reserve's rate cut, primarily led by Bitcoin's surge.
• 📊 Bitcoin's technical indicators showed mixed signals, with a bullish crossover in MACD but bearish divergence in the RSI, reflecting potential downside risks.
• 🛠️ Akash Network (AKT) also saw losses, down 5.24%, as market volatility impacted a range of altcoins.
• 📉 Helium (HNT) dropped by 4.65%, following a broader trend of losses among smaller cap tokens over the last 24 hours.
• 🏛️ Bitcoin's initial support stands firm at $62,500, with a critical resistance level forming at $65,000, marking a pivotal point for its short-term price direction.
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Stay informed, stay ahead! 🚀
See u soon 😇
Maboo :)
