The car below is good! No need to waste and enter the skirt: +Wei This is an old web3 leek, a blogger who has been deeply involved in the currency circle and has hidden potential

We are all in the bull market. Whether we make a profit or a loss depends on experience and strength on the one hand, and on the other hand, it tests our patience.
I don’t know if everyone has made a profit or is still recovering the capital in this round of bull market. I have set up an investment research team for 8 years. In the bull market, I will share the ideas of spot currency hoarding and rolling strategies with fans for free. Hundred-fold currency selection.
This round of bull market is predicted by all parties, experts, and analysts to be the largest bull market in the history of blockchain, and it will also be the largest round in decades. The transformative bull year may last until 2026.
We have been committed to presetting the point through the overall situation of the bull market, or rolling, or long-term holding through spot, while reducing risks, and managing positions to maximize the benefits of the bull market.

The price of Trump-themed meme coins has skyrocketed, and the new Web3 narrative is singing in the circle?

In the current cryptocurrency market, Trump's name has frequently become the focus of discussion recently. According to reports, Trump's comments not only triggered a shock in the cryptocurrency market, but also directly affected the price of Trump-themed meme coin MAGA (TRUMP), which soared by 78%, and its 24-hour trading volume reached 281.8 million US dollars, becoming the 13th meme coin in terms of market value. The market value of the coin even entered the top 250 of the CoinGecko ranking. Trump's supporters were also excited by his open attitude towards crypto donations during a dinner Q&A. A video of Trump's participation in the meeting went viral in the crypto circle. In the video, he expressed his support for the development of cryptocurrencies and called on supporters to vote for him. Once these remarks came out, not only did Trump's supporters get excited, but they also brought new hope for the future of cryptocurrencies. On May 13, the price of the Meme coin TRUMP continued to rise to $7.51, with a 24-hour increase of 22.1%. This fluctuation not only caught the attention of investors, but also made the cryptocurrency market the focus of heated discussion again.

In this market full of variables, Trump's every move has attracted much attention. His support has brought new impetus to the cryptocurrency market, and also triggered heated discussions and thinking about the future trend of the market.

The high binding of Meme assets and politics has become a general trend, and Trump is just the initiator of the trend. With Trump's active participation and clear position, the performance of the cryptocurrency market and related Meme coins has shown significant dynamic changes. According to CoinMarketCap data, Trump's related Meme coin MAGA (TRUMP) has experienced a significant increase in value in a short period of time, which not only reflects the immediate reaction of the market, but also shows Trump's increased influence in this field. Other related digital assets also reflect similar market reactions. For example, the Doland Tremp (TREMP) coin rose from $0.38 to $0.652, recording a 69.85% increase. Even the Biden-themed meme coin Boden has experienced a 25% surge in response to Trump’s comments. In the NFT space, Trump digital trading cards have performed particularly well. According to data from NFT Floor, the floor price of these trading cards minted on Polygon has risen from $211 on May 9.56 dollars surged to 465.7 dollars, an increase of more than 120%. During the same period, its trading volume soared from 13,658 MATIC to 65,749 MATIC, an increase of 475.46%; the number of sales also increased from 65 to 138 times, an increase of 213.64%. In this intersection of politics and financial technology, Trump's cryptocurrency strategy has obviously won him the support of specific voters and injected new vitality into the crypto market. This strategy shows how to use cryptocurrency not only as an asset, but as a tool to expand political influence and attract young votes. In addition, this incident also highlights the importance of political forces in the cryptocurrency industry. As more and more politicians like Trump directly participate in cryptocurrency issues, we can foresee that policies and market norms will be adjusted and optimized more in the future. The participation of politicians may not only promote the development of regulations, but also bring new opportunities for the popularity and acceptance of cryptocurrencies. Although the market has reacted positively to Trump's remarks and actions in the short term, it also reminds investors and market participants that they need to be sensitive to political dynamics and be prepared to deal with market fluctuations that may be caused by them. Although Trump's cryptocurrency strategy has brought direct support to his campaign, it has also shown market participants the potential uncertainties and risks in the cryptocurrency field. In short, Trump's behavior and the reaction of the cryptocurrency market have not only added a new dimension to his political campaign, but also provided new perspectives and discussion points for the future development of the cryptocurrency industry. This process is full of challenges, but also full of opportunities. For market participants who are willing to adapt and learn from political and economic events, this is an important growth opportunity.

#Meme币你看好哪一个？ #memecoin🚀🚀🚀 #Meme币指数

A few days ago, BOME was bought at 0.01042, and now it has risen by 27%. The target of 0.0132 has been achieved. Those who have followed the train should pay attention to reducing their holdings.

Compared with the big cake, the pressure level of the big cake is 6-7w, and after breaking through 66650, there is basically no strong resistance between 63800 and 68000. The maximum strong pressure level of the aunt in 3-4k is 3360, but now it is 300 points away. It must make up for the rise, otherwise it will lag behind the market too much. ​​​​

#美国4月CPI数据回落 #PEPE创历史新高 #bome潜力无限

Today someone asked me how to get rich in the current cryptocurrency circle? To be honest, you must have someone who knows a lot to lead you. It is easy to improve the elevator. Learn knowledge and cognition. You may learn a dry goods by reading my Twitter every day, and I can also plan a guided learning. Everyone carefully read the following content
🏁➕⚠️

I replied that this can be divided into four steps:

1️⃣
The first step: accumulate one million fans on the media platform and then get an internship operation position

2️⃣
The second step: buy Bitcoin futures and adopt a 100x leveraged long strategy.

The third

3️⃣
Step: Post false news related to the approval of Bitcoin ETF on social media.

4️⃣
The fourth step: quit the media operation job and retire. Of course, the above is just a joke. Hahahaha Next
For individual investors
😄

is the key point, and you need to think about what is the anti-fragile configuration. Now that you have entered the cryptocurrency market, you have already embarked on a high-growth track, and with ⚠️⚠️, you have boarded the express train of highly efficient transformation and opportunities. You need to adopt a steady and conservative strategy to approach the market, but at the same time, two conditions need to be met: 1. Effective information gap; 2. Effective action strategy. Looking back to 2021, Elon Musk announced that Tesla accepted Bitcoin payments during the bull market, and the news caused an uproar. He even publicly announced the purchase of $1.5 billion worth of Bitcoin, which confirmed the legitimacy of Bitcoin in the hearts of hundreds of people. However, a few months later, he canceled the plan on the grounds of "environmental issues." Now, we can see that the timing of Elon's announcement of this news seems to be planning. Why didn't he consider environmental issues three months ago? This time, the ETF hint news is just someone taking advantage of investors in shorter and more direct speculation. These may be coincidences, but Elon is a smart man who has a deep understanding of the market. He knew in advance that announcing something like this would increase his holdings and then provide him with opportunities for ample profits.

#美国4月CPI数据回落 #PEPE创历史新高

Will Bitcoin (BTC) price hit a new ATH by the end of May?

Bitcoin is trading above $64,000, up 4.3% in the past 24 hours and 3% in the past week. The surge suggests that Bitcoin's recent correction phase may be over, sparking optimism among investors.
Ethereum is not far behind, up 2% in the past 24 hours, but down 2.36% in the past seven days. Still, it is hovering around $2,950, which is very promising. Binance and Solana are also rising, up 5% and $151, respectively. Other altcoins, such as TON Coin, Cardano, Dogecoin, and Shiba Inu, are experiencing varying degrees of positive moves, indicating bullish sentiment across the market.

Bitcoin Price Hits New ATH

Crypto analyst Crypto Jebb has been tracking an important pattern for weeks - an inverse head and shoulders pattern. This pattern usually indicates a bullish breakout with a price target of around $70,000. The anatomy of the pattern involves a left shoulder, a deeper head, and a right shoulder, forming the neckline. Unlike the traditional head and shoulders pattern, this one is inverted, reversing the previous downtrend.
Pulling a price target above the current all-time high suggests the potential to surpass previous records. However, caution is needed as resistance levels could hinder the achievement of full price targets. The breakout point remains uncertain, but the completion of the pattern suggests an uptrend is likely in the short term.
A variety of outcomes could follow the breakout, ranging from a retest of the previous all-time high of $69,000 to a rally to the current peak of $73,800. Alternatively, a full realization of the inverse head and shoulders pattern could push Bitcoin to $75,000, surpassing the previous high and potentially foreshadowing a broader market rally to $100,000. The MACD on the daily chart has turned bullish, indicating renewed bullish sentiment.

#BTC走势分析 #ETFvsBTC

CHR started at 0.242 on May 9th, and reached a high of 0.3407, an increase of 37%.

The announcement of CPI data yesterday was a favorable catalyst for the market and a catalyst for the auxiliary trend structure. Since the increase in the altcoins increased during this wave of correction, the structure was not adjusted strongly, so the altcoins need to restart the shock repair process to get out of the trend market.

#CHR/USDT

Analysis of BTC market on May 16:
The amplitude of the oscillation of the big cake has become smaller. The 4H nine-stage upgrade will soon show a direction, and this direction is very likely. Yesterday, with the help of the news, the big cake made an upward breakthrough. The stimulation of the news is actually just a catalyst for the reaction trend. For the market, the news is a catalyst for the auxiliary trend structure, but the essence of trading must still start from the trend. So now the market basically confirms the low point of the callback. There is nothing to say about the spot. Hold firmly. Friends who have not yet boarded the car can call back and get on the car during the day. Due to the increase in the increase of the altcoin in this wave of callback, the structure has not been adjusted strongly, so the altcoin needs to restart the process of shock repair before it can get out of the trend market. It should be noted here that before buying new coins, you must understand the mechanism of the coin. The circulation of low and high market value needs to be stabilized. Finally, seize the opportunity of a callback and cherish it! ! ! !

#BTC走势分析 #BTC预测

PEOPLE's intraday increase of 17% has topped the list of gains. Congratulations to the friends who followed and made money.

It can stand the test and will not disappoint the trust of every friend.
#PEOPLE.每日智能策略

Bitcoin and altcoins face short-term bearish pressure

Based on data from CryptoQuant, we analyzed the usage of stablecoins. The following graph of the active addresses indicator was used. The graph tracks the total number of unique active addresses as senders and receivers. Accordingly, the 7-day moving average has been trending down since April 16.

The market, which was trending up in February, achieved a strong rise and peaked in early March. However, just a few days after this peak, Bitcoin managed to break through the $70,000 resistance level.

The recent downward trend indicates a decrease in interaction and trading activity. This shows that investors are reluctant to enter the bullish phase.

The 2024 foreign exchange reserves have been consolidating in a range, with a rapid decline from April 23 to May 10, which is reflected in a clear decrease in purchasing power. This means that stablecoin holders spend less stablecoins to buy cryptocurrencies.

However, a sharp increase was seen on May 13. Ideally for bulls, stablecoin foreign exchange reserves will continue to rise in the coming days.

The upward trend of this indicator shows that investors are more willing to stay on the sidelines. On the other hand, a downward trend is usually accompanied by an increase in the entire market. While USDT.D is above the 4.9% support level, dominance is expected to rise towards the 5.79% resistance level.
If a reversal and further decline is expected, bulls may see it as a sign of a longer continuation.

#BTC走势分析

Ripple Price Analysis: Here’s What You Can Expect from XRP Price in the Next 6 Months

With trading volumes decreasing every day, traders seem to have exited XRP trading. With the rally strength decreasing significantly, a bearish outlook looms over XRP price, but this situation may be short-lived. The coin has been holding around $0.5 with low volumes and volatility for a few weeks now. Therefore, the price may face a new bearish period as the interference from bulls decreases to attract new liquidity into the platform.  
Considering the current trading setup and market sentiment, if the bulls manage to close the weekly session on a bullish note, it is believed that the price will initiate a new bullish momentum. Independent of other popular coins in the market, XRP price on the weekly chart has been trading inside an ascending parallel channel after rebounding from the 2022 bear market. Therefore, the price on the longer timeframe suggests that the trend will continue and will reach $0.85 in the next six months.

The next 6-month forecast suggests that its price may fluctuate ahead of many major altcoins. One of the main reasons to be bullish on XRP is the long-term consolidation. The last bull wave occurred 308 days ago (10+ months) where there was a 6 to 8 month waiting period between each bull wave. Hence, the extended consolidation after the correction is largely considered bullish.  
Secondly, XRP price has been creating higher lows since March 2020, indicating that bulls have an advantage in the long-term trajectory of the chart. While other coins have experienced a significant surge, XRP price has remained in consolidation and has made less profit despite initiating a bullish wave earlier than other coins.  
Thus, the current trading setup suggests that Ripple (XRP) price could see significant volatility in late 2024 or 2025 as it trades towards the end of the accumulation phase and reaches $1 at the earliest.   

#xrp很快进去爆发期

Is the exciting bull market of 4 years over? Or is it an unfair bull market in 2024? It's just the market heat driven by ETFs. Many people asked me in private messages. Is the bull market really like this? This is something that cannot be confirmed. It needs to be looked at from all aspects. The following content is for reference. Is it really like this?

1️⃣
Many people say that the real bull market will come in 2025, when BTC will break through 150,000 US dollars.

2️⃣
Recently, many people said that the bull market is over, and Bitcoin will fall to 40,000 or 20,000. The most difficult crypto winter in 2022 has been survived. Now Bitcoin is at least above 60,000, which is much better than the market in 2022. So don't be overly pessimistic.

3️⃣
Looking back at the trend above, in the bull market price trend of 21 years, the rise was at the peak of the bull market, and there were also obvious pullbacks, not to mention at the beginning of the bull market. From the perspective of long-term holders, the bull market has been open for a short time, and even the bull market in 2018 lasted longer than now.

4️⃣
With the approval of spot ETFs, I think the end of 2024 to 2025 should be regarded as the so-called "violent bull market". This bull market may have a "triple top" or at least a "double top" situation.

5️⃣
ETH cannot rise this time because the inflow of funds from Bitcoin ETF is still limited. There will be no big bull market without a large amount of money in the current size of the currency circle. The Federal Reserve currently has some expectations for interest rate cuts, and interest rate cuts are usually accompanied by black swan events. The sustainability of interest rate hikes is lagging. There is a high probability of shock wash before at least the fourth quarter of 2024. If the black swan really comes, you must
Follow me, I will share information from time to time, click on the avatar to find me
#GameStop带动Meme板块

Important events this week:

1. Powell will speak at 10 o'clock tonight. 2. The key U.S. CPI data will be released at 8:30 tomorrow night. 3. The new stage of the Israeli-Palestinian peace talks mainly depends on tomorrow's CPI data to see whether the Fed will cut interest rates. BTC is expected to continue to hit $60,000. If it is lower than expected, it will start a violent rebound. Those who have positions can wait for the CPI data to be released and take the first step to reduce or increase positions.
#美国4月CPI通胀数据即将公布 #GameStop带动Meme板块

Bitcoin Price Remains Firm: Maintaining Critical Support Amid Market Uncertainty

Bitcoin Price Remains Steady
Bitcoin price started declining again from the $63,500 resistance area. BTC is trading below the $62,500 and $62,200 support levels. A low was formed at $61,000 and the price started to rebound.
The price broke above the $61,250 and $61,500 levels. Moreover, there was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair. The price broke above the 23.6% Fib retracement level of the recent decline from the $63,400 swing high to $61,000 low.

Bitcoin price is holding the critical support of $60,000. BTC is likely to start another increase and move above the range resistance of $63,500.
Bitcoin is still trading between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly simple moving average. The resistance level of $61,550, which connects a bearish trend line, was broken on the hourly chart of the BTC/USD pair (data source from Kraken). The pair is likely to gain bullish momentum if it breaks above $62,200 and $62,500.

Bitcoin is still trading above the $61,500 level and the 100 hourly simple moving average. An immediate resistance is near the $62,200 level, which is the 50% Fibonacci retracement level of the recent drop from the $63,400 swing high to $61,000 low.

The first major resistance could be $62,500. The next key resistance could be $63,000. A clear break above the $63,000 resistance could lead the price higher. The main resistance is currently at $63,500. The price is likely to continue its upward move if there is a close above the $63,500 resistance zone. In the above case, the price could move up to $65,000.

Bitcoin Falls Again?
If Bitcoin fails to break the $62,500 resistance, it could start another decline. An immediate support on the downside is near the $61,550 level and the 100 hourly simple moving average.

The first major support is $61,000. If there is a close below $61,000, the price could start a decline towards $60,400. Any more losses could lead the price to the $60,000 support area in the near term.
Technical Indicators:
Hourly MACD – The MACD is currently accelerating in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently above the 50 level.
Major Support – 61,550, followed by 61,000.
Major Resistance – 62,200, 62,500, and 63,500.

#BTC走势分析 #BTC预测

Ethereum Plunge 28%: What Happens If ETH’s $2,850 Support Fails?

Leading altcoin Ethereum [ETH] is holding onto a key support level, with its price trending within a descending channel.  
A descending channel forms when the price of an asset continues to create lower highs and lower lows, indicating a broader downtrend.  
A reading of ETH’s price action on the daily chart reveals that the channel formed on March 12. Since then, the coin has lost 28% of its value.

Break Below or Break Above?

If ETH bulls fail to hold the coin’s current $2,850 support level, its price could break below the descending channel’s lower trendline.

If that happens, the altcoin will change hands at the $2,600 level.  
AMBCrypto’s assessment of some key technical indicators hints at the possibility of a break below the current support level.  

For instance, ETH’s key momentum indicator suggests that the token is being sold off faster than market participants are accumulating.

The currency’s relative strength index, RSI, and money flow index, MFI, are both below their respective neutral points. ETH’s RSI is at 39.52, while MFI is at 49.39.
ETH’s Elder-Ray index returned negative values, confirming the current bearish trend. The indicator measures the relationship between the strength of buyers and sellers in the market.
When it returns negative values, it means that bear forces are dominant in the market.   
Similarly, the dots that make up ETH’s parabolic SAR are above its price at press time. The dots have been in such a position since the beginning of May.
The parabolic SAR is used to identify potential trend directions and reversals. When its dotted line is above the price of an asset, it indicates that the market is in a downtrend.

This suggests that the price of the asset has been falling and it could continue to fall.  

If ETH bears force a break below the current support, the next price point for the coin could be $2,780. However, if this prediction is invalidated, the altcoin could rally above $3,000.  
#ETH

PEPE Whale Activity Bursts as Price Rises to New ATH

PEPE is up 21% in the past 24 hours, trading at $0.0000102 as of this writing. The asset reached an all-time high of $0.0000109 on March 13 at 16:40 UTC. Pepe currently has a total market cap of $4.3 billion and a daily trading volume of $2.15 billion.

According to data provided by Santiment, whale transactions consisting of at least $100,000 worth of PEPE surged 416% in the past 24 hours, from 135 to 697 transactions per day.

The data shows an increase in trading activity for the frog-themed meme coin. According to Santiment, PEPE exchange inflows have grown 255% in the past day and are currently hovering at 8.03 trillion tokens.

Similarly, the asset’s exchange outflows have also increased by 240% in the past 24 hours and currently stand at 6.73 trillion PEPE, according to the market intelligence platform.
PEPE currently has a net inflow of 1.3 trillion tokens on exchanges. These movements could trigger a short-term sell-off as whales take profits at this price.
Additionally, the PEPE relative strength index (RSI) has been rising consistently since May 9. According to Santiment, the memecoin’s RSI is hovering around the 70 mark, which suggests that PEPE is overvalued and overheated in these market conditions.
Due to the heightened whale activity and the increase in the relative strength index (RSI), PEPE’s price is expected to see significant volatility until further movement is seen.
As crypto.news reported on May 13, the memecoin ecosystem recorded significant gains as the market gained momentum. The top gainers were Pepe, DOGE, SHIB, and FLOKI.
#pepe回調

Ethereum Transaction Fees Slide Nearly 94% in the Last 68 Days

Similar to Bitcoin’s on-chain fees, transaction costs on the Ethereum network have recently dropped significantly. Ethereum’s network fees have dropped 93.7% in the last 68 days since March 5, 2024, from $30.33 per transfer to $1.91 per transaction.

Ethereum Fee Drop: 68-Day Overview
According to bitinfocharts.com, transactions on the Ethereum blockchain have become cheaper this week, with the average cost now sitting at around 0.00065 ETH, or $1.91 per transaction. Additionally, according to data collected by etherscan.io’s Gas Tracker, the cost of performing a basic ETH transfer currently ranges between 4 and 7 gwei, or $0.18 to $0.37 per transfer.

This weekend, the cost of conducting a decentralized exchange (dex) swap on Ethereum was estimated at $4.16 and $7.28, while the cost of conducting an NFT sale could be $7.03 to $12.31. Over the past 50 days, Ethereum has averaged just over 1 million transactions per day. The busiest day was March 22, 2024, with 1.324 million transactions recorded, while the slowest was April 4, 2024, with 1.091 million transactions recorded. During this period, the average daily transaction count was about 1.212 million.

Inflationary Ethereum and $12.5 billion in Ethereum burned
According to ultrason.money, Ethereum's current inflation rate is 0.895% per year. However, if Ethereum had not switched from a proof-of-work (PoW) system to a proof-of-stake (PoS) framework, the annual issuance rate under PoW would be 3.923%. Including the issuance rate, it has been 1010 days since the London fork on August 5, 2021.

The London upgrade essentially introduced Ethereum Improvement Proposal (EIP)-1559. The amendment changed the gas fee structure from a highest price auction model to a more stable burning base fee that is never put out of circulation. Since its implementation, 4.29 million ETH have been destroyed to date, worth $12.51 billion. As Ethereum goes through an inflationary phase, transaction fees have significantly decreased, which, while beneficial to users, has also created financial challenges for ETH validators.

These fee reductions affect the economic incentives associated with network security. In contrast, Bitcoin has lost more than 100 exahash per second (EH/s) in hashrate since the last halving due to a drop in hash price.This highlights the complex balance between ensuring affordability for user adoption and maintaining adequate compensation for validators as Ethereum monetary policy and transaction cost structure evolve.
How do you think Ethereum's lower transaction fees over the past 68 days will affect usage of the network and the broader crypto ecosystem?

#ETH #ETFvsBTC

Top 5 Altcoins for the 2024 and 2025 Bull Run!

The cryptocurrency market is dynamic, and certain currencies gain tremendous value during bull runs. As the 2024 bull run continues to unfold, investors and enthusiasts are keeping a close eye on the next big movers. This article details five alternative cryptocurrencies that are expected to shine in 2024 and 2025. The selections were based on their growth potential and the level of excitement they have generated in the crypto community. Read on to find out which coins could lead the way in the ongoing bull run.

The BlastUP presale has sparked a lot of interest among crypto enthusiasts, with a record-breaking presale amount of nearly $6 million. Around 15,000 savvy investors bought BlastUP tokens before they soared in value.

The presale runs until the end of May, so you have time to increase your crypto holdings with BlastUP, an asset that promises explosive returns of up to 1000%. BlastUP tokens are currently priced at a few cents and are expected to reach $10 by the end of the year.

BlastUP token holders can benefit from a number of perks, including participation in airdrops, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.

BlastUP stands out in the crypto world. It is powered by Blast, the sixth largest blockchain by TVL, and provides real utility for DApp businesses. With the motto of “Grow Faster, Earn More”, BlastUP is committed to driving the success of blockchain startups. Those who join BlastUP are now part of a project that is expected to be the next big thing in this bull run.

Cosmos Remains Stable in Uncertain Markets
After a period of volatility, Cosmos appears to have found its footing and is showing signs of stability. Recent market behavior suggests cautious optimism among investors, and the token has managed to hold its ground despite greater uncertainty in the market. Cosmos, known for its interoperability, enabling different blockchains to communicate, can benefit from this perceived stability. As the cryptocurrency community continues to prioritize cross-chain communication, a stable market position could draw more attention to Cosmos, potentially driving its utility and adoption in the evolving digital asset space.

Toncoin’s value is steadily moving higher as market sentiment grows positively. Recently, it touched higher prices and appears to be aiming for higher levels, surpassing recent averages. This optimism is supported by its performance across different timeframes, showing significant growth, especially in the past six months. Considering its fundamental features, such as its scalability and user-friendly blockchain platform, the current market sentiment could lead to continued interest and potential greater adoption, supporting its upward trajectory.
Sei Token Shows Mixed Market Sentiment Amid Recent Volatility
Sei Token currently shows a hesitant market, with its price fluctuating in a modest range after a sharp rise in the past few months. It remains above a lower base, indicating some confidence among investors. However, there are signs that it could either go up or down. Considering Sei’s fundamentals, including its role and technology, its future performance may depend on broader crypto market trends and its ability to maintain user and investor interest in its core product.

Conclusion
Altcoins ATOM, APT, TON, and the two versions of SEI may not shine so brightly in the short term. However, looking ahead to 2024, BlastUP stands out with its solid concept and integration with the Blast ecosystem. The coin shows the most promising growth potential and is a top pick for the upcoming bull run.

#山寨币热点

Why did Bitcoin price fall today? What will happen to Bitcoin price next?

Bitcoin market price fell sharply today, plummeting from $63,446 to $60,763 in a few hours, and fell 4.3% in the past 24 hours. In addition, Bitcoin has fallen 15% in the past month since reaching a high of $70,000. This sudden drop is related to a variety of factors affecting the US economy and investor sentiment.

Multiple reasons for Bitcoin's decline US economic indicators
The latest inflation and consumer confidence data in the United States played a crucial role in the decline of Bitcoin. The consumer confidence index released by the University of Michigan fell from 77.2 in April to 67.4 in May, hitting a six-month low and falling short of market expectations.

In addition, inflation expectations for the next year rose to 3.5%, a six-month high, further exacerbating economic concerns.

Warnings from the Federal Reserve
The remarks of Federal Reserve officials also added to market uncertainty. Fed Lori Logan emphasized the upside risks of inflation and stressed the need for policy flexibility, indicating that it was too early to cut interest rates. Similarly, Fed Governor Bowman stressed the importance of maintaining policy stability in the long term.

US Spot Bitcoin ETF Outflows
In addition to economic indicators, outflows from US spot Bitcoin ETFs, especially Grayscale Bitcoin Trust (GBTC), also exceeded $100 million on Friday. This trend reflects investors' cautious attitude in the face of economic uncertainty.

The market experienced large-scale liquidations, with a total of more than $156 million in liquidations within 24 hours. This includes $131 million in long positions and nearly $25 million in short positions. The market saw more than $50 million in liquidations in just one hour, indicating a rapid and effective shift in market sentiment.

The final accumulation phase is ongoing in Bitcoin market dynamics. This phase is characterized by low volatility and price fluctuations, which indicates that Bitcoin price movements are at a critical juncture.

Bitcoin is currently retreating to an important support level. Failure to hold this level could lead to a deeper correction, with Bitcoin returning to the $52,000 to $55,000 range. If this range is reached, it means that the correction has entered its final stage before the potential bullish momentum resumes.
#BTC走势分析 #btc