Bitcoin Update!
If we reverse at this point, Bitcoin would still follow a bullish pattern with higher highs and higher lows. It's not entirely unlikely.
However, the price is massively driven by margin trades at the moment. This is typical for a market that is ranging sideways. The longer it takes, the more impatient traders become and the more risk they take.
The result is the choppy market we're in right now.
It is probably one of the most demanding markets to trade. And often, the best trade is not to trade right nowâor take trades with minimal risk.
Breakout will come, and the time for massive trades & gains will come.
Patience.
$BTC #Bitcoinâ
MAV Analysis: Key Support Levels and Potential Uptrend
$MAV
{spot}(MAVUSDT)
MAV/USDT has recently completed its retest phase and is currently positioned around the MA(50) support level, which indicates a bullish trend. If the price manages to touch the MA(07) level at 0.2229, we could potentially see a move towards the MA(100) at 0.2738. Technically, the trend appears upward, suggesting bullish momentum.
Additional Update on MAV:
Maverick Protocol (MAV) is currently showing strong fundamentals. Recent developments in the DeFi space and increased interest in decentralised finance platforms could further drive MAV's price upwards. Keep an eye on market sentiment and news around Maverick Protocol, as any positive updates could serve as additional catalysts for an upward price movement.
Actionable Insights:
Watch the MA(50) level closely for potential breakouts or breakdowns.
If MA(50) is breached, consider adjusting your positions accordingly.
Monitor MAV-related news for potential price-driving events.
IMPORTANT : RISK MANAGEMENT MUST LOW WALLET â
$BTC $ETH #TON #DOGSONBINANCE #BNBChainMemecoins #TelegramCEO #CryptoMarketMoves
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**Bitcoin's Summer Slump: Will It End with a Bang? đ**
- Bitcoin's summer snooze might just wake up with a bullish roar if it closes August above $64,300âa 7% rally from its current $59,960.
- Bitfinex analysts are optimistic, noting BTC reclaiming key levels like $64,000 as bullish signs.
- Despite low liquidity and volatile moves, Bitcoin's recent price action is promising.
- Historically, September hasn't been kind to Bitcoin, with average returns of -4.78% since 2013.
- Lower interest rates could spark a bull run in early 2025, says Nexo's Kristian Hapalampiev.
- Investors eye the Fed's Sept. 18 meeting, with a 65.5% chance of a 25 basis-point rate cut.
đ Bitcoin's Summer Slump: Ready for a Bullish Breakout? đ
Bitcoin's summer snooze might be over soon! If BTC closes August above $64,300, we could see a bullish breakout. Currently, Bitcoin's price is around $59,960, needing a 7% rally to hit that mark.
- Bitfinex analysts are optimistic, noting BTC reclaiming key levels like $64,000 as a good sign.
- However, summer's low liquidity could continue into September, bringing volatility.
What do you think? Will Bitcoin break out or stay in its summer slump? Drop your thoughts below! đŹ
#Bitcoin #CryptoNews #MarketTrends
**Bitcoin's Summer Slump May End with a Bullish Breakout**
Bitcoin's summer lull might finally end if it closes August in the green. To achieve this, BTC needs to rally over 7% from its current $59,960 to surpass $64,300. Bitfinex analysts see recent price actions as positive, though the market remains illiquid with low-volume moves.
Despite struggling to trade above $60,000, Bitcoin faces resistance at $63,900. Analysts warn that summer's low liquidity could extend into September, potentially increasing volatility.
Interestingly, lower interest rates could spark a Bitcoin bull market in early 2025, according to Nexo's Kristian Hapalampiev. Investors are eyeing the Federal Reserve's upcoming meeting on Sept. 18, with a 65.5% chance of a 25 basis-point rate cut.
đ Exciting News in Blockchain! đ
Sony Group and Startale Labs have teamed up with Pyth Network to launch Soneium, a cutting-edge blockchain designed to revolutionize the Web3 space. Soneium promises low-latency transactions, high throughput, and a developer-friendly environment, making it a game-changer for blockchain enthusiasts.
đ Key Highlights:
- **Pyth Network Integration**: Real-time price oracles from Pyth will provide accurate market data to developers.
- **Soneium Spark Incubation Program**: Aimed at nurturing early-stage projects in DeFi, Web3, and more.
đ Join the conversation! What do you think about Sony's move into blockchain? Comment below! đ
BNB Faces Challenges in Converting Resistance to Support.
BNB Chart Analysis
At the time of writing, BNB is trading at $540, having dropped 9.8% over the past four days. This decline occurred after BNB entered its five-month resistance block from $575 to $619. Since early March, BNB has attempted to enter and surpass this resistance zone nine times but succeeded only twice. One of these successes resulted in the altcoin reaching a new all-time high of $721 in early June.
BNB, having fallen below the $550 support, seems to need stronger bullish signals to rise again. However, it is uncertain whether BNB can break through the resistance block. A drop below $520 could be detrimental to investorsâ gains. BNBâs price might then fall to test the $495 support. However, if $550 turns into support and the altcoin rises again, it could re-enter the resistance block and invalidate the bearish thesis.
$BNB #DYOR
{spot}(BNBUSDT)
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Warren Buffett sold again: $278 billion in cash
Warren Buffett's Berkshire Hathaway company, which came to the fore with its large Apple share sale in the past weeks, also sold in Bank of America, one of the most held shares. While Buffett was selling worth 982 million dollars, the value of the BoFa sale, which has been made since mid-July, was 5.4 billion dollars.
Dollar billionaire investor Warren Buffet, known for buying and holding the shares of big companies in the long term, Berkshire Hathaway company came to the fore again with a big sale. Buffet, which made sales close to 1 billion dollars ($982 million) of the shares of Bank of America, one of the largest banks in the USA, increased its cash value to 278 billion dollars.
According to the statement made by the company, 24.7 million BoFa shares were sold between August 23-27. Berkshire Hathaway, which started Bank of America investments in 2011, is still the largest investor in the bank despite all these sales. Berkshire Hathaway has a BoFa share worth $35.8 billion.
Is it waiting for the collapse?
Some experts and analysts claim that the expectation of a financial collapse is behind Buffet's decisions. However, a report on CNBC in recent weeks stated that Buffett thinks the US government will raise more capital gains tax to close financial gaps, so he is of the opinion that these sales will be more beneficial for Berkshire Hathaway shareholders.
Again, experts state that these sales are "too much" to save on tax. Therefore, clear information cannot be obtained about why Buffet still makes these sales, and no comments can be made.
Berkshire Hathaway announced $277 billion in cash assets in the second quarter. With the last BoFa sale, this figure increased to 278 billion dollars.
Bitcoin Price Falls to $58,000 After Latest Attempt.
Bitcoin (BTC) has begun its anticipated descent following a recent upward effort, reaching a new low of $58,000. This outcome does not surprise investors, as similar patterns have emerged over the past several months. Nonetheless, repeated failures such as these erode market confidence and negatively affect investor risk tolerance.
QCP Capital's Market Analysis What is the Fed's Next Move?
Jerome Powell, during his Jackson
Hole speech, signaled a dovish stance
on interest rates, suggesting that it
might be time to reduce them to avoid
significant market cooling. This
sentiment follows last week's job
revision, which showed a reduction of
800,000 positions, increasing the risk
of an economic downturn. Analysts at
QCP Capital believe the Federal
Reserve's priority has shifted towards
averting a collapse in the employment
market, making a 50 basis point rate
cut in September more likely.
Despite only three remaining meetings for the year, the market is currently pricing in four interest rate cuts for 2024. US stock markets have shown resilience, nearing their highest levels. However, QCP analysts urge caution as declining trading volumes and upcoming NVIDIA earnings could signal another peak. NVIDIA options are pricing in a 10% increase, indicating heightened market expectations.
QCP Capital opines that any downturn in stocks and cryptocurrency will be brief. With Powell and the Fed poised to initiate a rate-cutting cycle, increased liquidity is expected to bolster risk assets eventually. They emphasize that timing the market is less critical than spending time in the market, given the current economic crosswinds. They recommend products offering both yield and upside flexibility to capitalize on future rallies.
DOGS buying opportunity donât miss it
$DOGS on the H1 chart for futures trading. Traders are advised to buy now or at $0.00140, with a stop loss at $0.00109. The targets are set at $0.0020, $0.0024, and $0.0028. This signal is based on classical technical analysis using tools like price action candlesticks, Fibonacci retracement, RSI, moving averages, Ichimoku Cloud, and Bollinger Bands. These indicators suggest potential upward momentum. However, it's important to assess if this trading strategy suits your risk tolerance, as past performance does not guarantee future results
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đš Breaking News: $DOGS Volume Skyrockets Amid Market Downturn! đš
As predicted, $DOGS successfully broke through the $0.0012200 barrier, soaring to $0.0015000. Even as the broader market faces a bearish trend, $DOGS is showing incredible resilience. The surge in trading volume suggests that a significant price hike could be on the horizon.
In the coming hours, $DOGS might just break past the $0.0018000 mark. The rising volume is a strong signal of a potential upswing. While the market struggles, $DOGS continues to exhibit impressive strength.
Stay tuned for what could be a big move! đ
#SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO
đ EURI/USDT Market Update đ
$EURI
đ Current Price*: 1.1105 USDT (-0.85%)
đ Market Cap: $32.77M
đ Fully Diluted Market Cap: $32.77M
đ Circulating Supply: 29.5M EURI
đ Total Supply: 29.5M EURI
đ All-Time High: $1.1136 (2024-08-28)
đ All-Time Low: $1.1096 (2024-08-28)
đ Market Dominance: 0.0016%
đź Future Potential of EURI:
The future of EURI depends on various factors such as market demand, technological advancements, and broader economic trends. With a steady supply and increasing interest, EURI has the potential for growth. However, the market is volatile and unpredictable. Keeping an eye on major news and updates will be crucial for investors. Strong partnerships, technological upgrades, and increasing adoption could significantly boost its value.
đ Attention Investors:
Investing in cryptocurrencies is highly speculative and involves a substantial risk of loss. Always conduct thorough research and analysis before making any investment decisions. Remember, never invest more than you can afford to lose
Stay tuned for more updates and trade wisely! đ
$BTC $ETH
{spot}(EURIUSDT)
#TON #DOGSONBINANCE #BNBChainMemecoins #euri #Write2Earn!
Creditcoin has officially launched its EVM-compatible mainnet, marking a significant milestone in the blockchain sector. This development aims to enhance global financial inclusion by simplifying the migration of decentralized applications (dApps) and smart contracts to the Creditcoin network. The upgrade facilitates multi-chain interactions, reducing the complexities and costs typically associated with cross-chain operations.
Additionally, Creditcoin introduced CreditWallet, a mobile app designed to streamline cross-network transfers and improve user interaction within the ecosystem. The app offers a user-friendly interface and robust security features, ensuring a seamless experience for both new and existing users.
Despite these advancements, the market outlook remains pessimistic. The broader blockchain industry continues to face regulatory uncertainties and market volatility, which could hinder the adoption and growth of new technologies like Creditcoin's EVM-compatible mainnet and CreditWallet. As the industry grapples with these challenges, the long-term impact of such innovations remains uncertain.
Crypto CEO Stabbed in Court: His Condition Remains Uncertain
The CEO of Haru Invest, who faced charges of allegedly stealing nearly $1 billion in cryptocurrencies from approximately 16,000 people in South Korea, was attacked and stabbed during his trial today.
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The CEO, identified as Hugo Hyungsoo Lee, was rushed to the hospital, though his current condition remains uncertain.
The shocking incident occurred during a hearing at the Seoul South District Court. Lee, who was previously arrested in February and later released on bail, was attacked with a knife by an individual who was attending the trial. The assailant, identified by the surname Kang, reportedly approached Lee from the back rows of the courtroom and stabbed him in the neck.
Lee was found on the ground, covered in blood, and was quickly transported to a hospital by medical teams. South Korean media reported that Kang was detained at the scene and is currently undergoing interrogation.
Haru Invest, a cryptocurrency lending company, has been under investigation since February. The company is accused of embezzling $826 million worth of cryptocurrencies from around 16,000 investors. Lee was detained until July before being released on bail.
#SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #TelegramCEO