đš CB Leading Index m/m Report
Tomorrow, markets will focus on two key events that could provide insights into the U.S. economy's direction. FOMC member Waller is expected to discuss recent inflation data and the potential for rate cuts based on economic trends (Details in my previous post). His speech will likely reflect on how recent data could influence future monetary policy.
Shortly after, the CB Leading Index m/m report will be released. This index, which tracks several economic indicators, including consumer expectations and stock prices, provides a forward-looking measure of economic health. In June, the LEI fell by 0.2%, continuing its downward trend, though the contraction was smaller than in previous months. This suggests that while economic activity is slowing, the rate of decline may be easing, potentially signaling a gradual recovery.
This report will offer a comprehensive view of the overall health of the U.S. economy. Given the current environment, any indication of further slowdown could reinforce concerns about future growth, especially with cooling consumer spending. Keep an eye on these signals as they may guide near-term economic forecasts.
#EmperorMajesty #LowestCPI2021 #USDollarWarning #BinanceLaunchpoolTON #MarketDownturn $ETH $BTC $BNB
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Why Analysts Still Predict SOL to Reach $260
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Despite performing very well throughout July, Solana has continued its decline with a 9% drop this week, but experts are still tabbing SOL to hit $260 at some point.
The token has certainly struggled to recover following the August 5th crypto market crash. Yet, many are confident in its continued ascent.
The crypto has fallen more than 11% in the last 30 days, according to CoinMarketCap. Moreover, its recent decline has it trading below the $140 mark. That is a far cry from its increase above $190 last month. Yet, all hope is certainly not lost for SOL this year.
Solana has had a volatile few months. The cryptocurrency dominated July, reaching as high as $193, and sustaining at its highest level in more than four months. Yet, that has come and gone. Now, the crypto is looking to bounce back after a crash deterred its momentum.
And that bounce back is certainly possible. Despite Solana dropping 9% in the last seven days, crypto analysts say that SOL reaching $260 is still certainly a possibility. Indeed, analyst CryptoJelle took to X (formerly Twitter) to discuss why a breakout could still be on the cards.
âSOL is still one of the better-looking charts in crypto,â the pseudonymous trader said. âSideways chop, just below all-time highs,â they added. âLocked in, send this beyond $260.â That would see the token eclipse its current all-time high of $259 set three years ago, according to CoinGecko.
#SOL #Solana #sol #Memecoins #Altcoins $SOL $BNB $BTC
Shiba Inu Lead Delivers Cryptic Message to SHIB Community
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Shiba Inu lead developer Shytoshi Kusama has sent out a new tweet that is sparking wide anticipation in the SHIB community. The post sent to X read, âSo many shadowcatsâŠso little time before SHIBACON. Sigh.â
Kusamaâs updates on SHIB typically garner plenty of attention among Shiba Inu holders and investors. The anonymous developer tends to drop huge hints and teases of things to come for the dog-themed token. In this post, Kusama teases the upcoming ShibaCon event.
ShibaCon 2024 was announced as the first global conference for Shiba Inu. The event is scheduled to take place in Bangkok on November 9.
ShibaCoin will be a place for the Shiba Inu team to showcase technological advancements, foster community engagement, and discuss plans for the SHIB ecosystem. SHIB, BONE, LEASH, and planned tokens TREAT and SHI will likely be topics of discussion, as well as the layer 2 Shibarium network.
The anticipation of the event is expected to affect the price of Shiba Inu. SHIB has had a rough week, falling 5% in the past week in an overall bearish crypto market. However, Kusamaâs announcement gave a slight pump to the asset, boosting it by 1% since Friday morning. SHIB trading volume has also climbed 19.59% over the last 24 hours, revealing investor interest.
ShibaCon 2024 could be a significant turning point for Shiba Inu this year. If hype continues to grow ahead of the event, the asset could gain even more momentum in price and TV. Positive announcements at the event in November could also drive SHIB to potential 1-year highs this November.
#SHIB #ShibaInu #Dogecoin #Memecoins #Bitcoin $SHIB $DOGE $BTC
Dogecoin (DOGE) Crucial Alert Issued, Hereâs Why
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The Dogecoin community has been put on high alert following a crucial warning issued by Dogecoin developer Inevitable 360.
In an X post, Inevitable 360 alerted the Dogecoin community about a fake account impersonating the Dogecoin Foundation on X. This fraudulent account is attempting to deceive users by posing as the legitimate Dogecoin Foundation account on X.
Inevitable 360 took to X to issue the warning, urging the Dogecoin community to be vigilant and report the fake account. The impersonator is using the name and mimicking the branding of the Dogecoin Foundation on X to trick unsuspecting users.
This scam is particularly concerning as it exploits the trust and reputation of the real Dogecoin Foundation, which has been a cornerstone of the Dogecoin project since its inception.
Inevitable 360âs warning comes as a crucial reminder for the community to remain vigilant and verify the authenticity of any social media account claiming to be the Dogecoin Foundation.
#Doge #Dogecoin #Memecoins #ShibaInu #LowestCPI2021 $DOGE $SHIB $BTC
**News Flash: Church Tokenizes Building to Fund Purchase**
A network of church groups, the Colorado House of Prayer, has taken an innovative step by tokenizing its main chapel to buy the $2.5 million building. Pastor Blake Bush, inspired by a spiritual experience, decided to use blockchain technology for this mission.
- The 11,457-square-foot "Old Stone Church" is currently rented from a local businessperson.
- Bush created "Stone Coin," a digital asset on the Polymesh blockchain, to raise funds.
- The project has raised half its goal and seeks more investors.
- Future token sales may open to non-parishioners, despite potential risks.
Bush remains optimistic, even humorously welcoming potential challenges.
XRPâs Recent Slide May Have Created a Path to $1
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Despite Rippleâs recent correction that has led to a decline in recent weeks, XRPâs slide may have the crypto targeting a surge to $1. The asset was poised to have a massive second half of the year following its settlement with the US Securities and Exchange Commission (SEC). Despite that, the token has faced a recent tumble.
The last seven days have seen XRP fall more than 3.3%, according to CoinMarketCap. Moreover, it is down 4.6% in the last month, and currently trading at $0.56. There are some crypto analysts who believe this could be for the better, as the token is set for a massive bounceback.
XRP to $1? Ripple Could Be Set for Unprecedented Surge
Ripple had immense potential entering 2024. Indeed, it was one of the most promising cryptos available. With its years-long SEC lawsuits heading toward an end, the regulatory clarity was bound to push XRP to new heights. Although, at the yearâs midpoint, that has yet to take place.
It did find an improved price after the settlement, but the August 5th flash crash only dampened its performance. That could have been for the best. Indeed, Ripple may have found a pathway to a $1 XRP through its most recent struggles.
One pseudonymous crypto analyst named Hov took to X (formerly Twitter) to discuss the assetâs potential. The post shows two horizontal resistance zones affecting the asset between $0.64 and $0.66. A breakthrough there is critical. But it is not the only option for bullish sentiment to form.
#XRP #Ripple #Altcoins #LowestCPI2021 #BinanceLaunchpoolTON $XRP $BTC $SOL
Bitcoin (BTC) $60,000 Reached: 3 Levels to Watch
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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.
Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The important $60,000 barrier has been crossed by Bitcoin (BTC) once more, but the market is still cautious with significant resistance to this rally in the near future.
BTC was trading just above the 200 EMA at $59,548 after a brief spike above $60,000 that was followed by a wave of selling pressure that swiftly drove the price back down. Although reaching $60,000 is a significant psychological boost, it is important to keep an eye on critical levels that may determine Bitcoinâs short-term course.
The $60,000 mark has considerable psychological significance in the market, it is not just a round number. Bulls and bears have historically fought fiercely for this level, making it a crucial battleground.
Bitcoin tends to draw both buying and selling activity whenever it crosses over $60,000, which increases volatility. Thus, it is imperative to keep an eye on $60,000 as well. Bitcoin might gain enough traction to test higher resistance levels if it can continue trading above this mark.
#BTC #Bitcoin #Crypto #ETH #Altcoin $BTC $ETH $SOL
đš Forecasting USD Trends / FOMC Waller Speech
Let's take a look at what might happen next week using historical data, sources, research, and analysis!
I'll mainly focus on the US economy, especially the USD. There are some other major news events coming up, but I'll focus specifically on the USD.
There's a speech by FOMC member Waller tomorrow. In his previous speech on July 17, 2024, FOMC member Waller discussed the challenges of 2024 for economic forecasting and monetary policy.
He noted that inflation had jumped early in the year, but recent data suggests moderation, with GDP growth slowing and inflation easing. He also mentioned that labor supply and demand are now roughly in balance, and wage growth is slowing.
Waller outlined three scenarios for the second half of 2024:
- In an optimistic scenario, continuous favorable inflation data could lead to a rate cut soon.
- In a more moderate scenario, uneven inflation data would delay any rate cut decision.
- In a pessimistic scenario, a resurgence in inflation would delay rate cuts and require tighter policy.
Waller emphasized that policy decisions would be data-dependent, with the possibility of a rate cut approaching.
Given this context, in his upcoming speech tomorrow, Waller is likely to discuss the recent low CPI figures and the ongoing concerns about a potential recession. I don't anticipate significant market volatility following his speech.
#EmperorMajesty #LowestCPI2021 #USDollarWarning $BTC $ETH $BNB #LowestCPI2021 #MarketDownturn
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Bitcoin ($BTC ) Price Prediction for August 18
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As of August 18, Bitcoin's price has seen a modest increase of 0.81% over the past 24 hours, with the cryptocurrency currently trading around $59,860. On the hourly chart, Bitcoin is attempting to reach the local resistance level of $60,242. If buyers can push the price past this level, it may trigger a further rise toward the $61,000 mark.
However, on larger time frames, the situation looks less dynamic. The trading volume has decreased, suggesting that neither buyers nor sellers are currently strong enough to drive a significant price movement. As a result, Bitcoin is likely to continue trading sideways in the range of $59,000 to $61,000 over the next few days.
From a midterm perspective, Bitcoin remains within the range of last week's trading activity, indicating a balance between buyers and sellers. Given the current market conditions, significant price fluctuations are not expected in the near term, and the price may remain relatively stable within its current range.
#BTCâ #bitcoinâïž #btcupdates2024
Norwegian Government Increases Bitcoin Investments Through Sovereign Fund
In a significant move for Bitcoin adoption, Norway's government has increased its exposure to Bitcoin through its massive sovereign wealth fund, which manages around $1.7 trillion in assets. The fund now indirectly owns 2,446 $BTC after boosting its investments in Bitcoin-related stocks this year.
This increase in Bitcoin holdings is part of a broader rebalancing of the fund's portfolio, shifting away from big tech companies like Meta and toward Web3 stocks such as MicroStrategy, Coinbase, Block, and Marathon Digital. This shift reflects the growing interest in digital assets and the potential for high returns, particularly with the recent rise in Bitcoin prices.
Nicolai Tangen, CEO of Norges Bank Investment Management, highlighted the strong performance of equity investments, driven largely by the tech sector and new developments in artificial intelligence. The fundâs decision to increase Bitcoin exposure by 62% in the first half of 2024 is seen as a bullish sign for the cryptocurrency, further integrating it into diversified investment portfolios.
This move by Norway follows global trends where governments and institutions are increasingly recognizing Bitcoin as a valuable asset. In the U.S., there are discussions about establishing a strategic Bitcoin reserve, while in El Salvador, Bitcoinâs status as legal tender has already provided significant profits for the country.
Norwayâs increased investment in Bitcoin$BTC is a clear signal of confidence in the cryptocurrency's future and its role in the global financial system.
#BTCâ #bitcoinâïž #Bitcoinâ
đ **Solana's Rollercoaster Ride: Bear Market Blues & Bullish Hopes!** đ
- **Price Action**: Solana (SOL) has seen a 33% rise from its August low, yet remains in a bear market, down 30% from its yearly high.
- **DEX Volume**: Solana's decentralized exchange (DEX) volume dropped by 45% in the past week, handling $7.12B in transactions.
- **Meme Coin Impact**: Popular meme coins on Solana, like Dogwifhat and Bonk, have plunged over 50%, impacting DEX volume.
- **Futures Market**: Futures open interest has stalled at ~$2B, down from a $3.08B peak in July.
- **Bullish Signs**: Strong support at the 50-weekly moving average and a bullish cup-and-handle pattern suggest potential upward movement.
đŹ **What are your thoughts on Solana's future? Comment below!**
$ETH struggles to make a convincing bullish candle pattern so far. Although it will go up automatically if $BTC and other crypto assets pump!
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The provided chart shows a weekly candlestick pattern for ETH/USDT
The current weekly candle is showing a recovery from a low of around $2,509.60, closing at $2,667.50, marking a 4.38% increase from the previous session.
The $2,500 level has acted as a significant support zone, as indicated by the lower wick touching this area before bouncing back upwards. This suggests strong buying interest at this level, preventing further decline.
The next major resistance is around the $3,850 mark, which has been tested several times in the past but remains unbroken.
This level will be crucial to watch as ETH/USDT approaches it again in the future.
In summary, ETH/USDT is currently showing signs of a bullish bounce from a strong support zone, but traders should keep an eye on the $3,850 resistance for a clearer indication of the next major move.
#MarketDownturn #LowestCPI2021 #ETHETFsApproved
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đ§ Tether CEO Predicts Brain Implants Will Be Mainstream in 20 Years!
đź Future Vision:
- đ€ Paolo Ardoino, Tether CEO, envisions Brain-Computer Interfaces (BCIs) as mainstream consumer products within 20 years.
𧩠Blackrock Neurotech Breakthrough:
- đ
August 14:New England Journal of Medicine reports on Blackrock Neurotechâs text-to-speech brain implant.
- đŁïž Achievement: Successfully restored speech in an ALS patient, marking a significant milestone in BCI technology.
đ BCIs: A Glimpse into the Future:
- đĄ Direct Thought-to-Action: BCIs could provide low-latency access to computing power, AI, and infinite knowledge.
- 𧏠Human Sapiens³: Ardoino imagines a future where BCIs create a new class of humans with advanced cognitive abilities.
đ Blackrock Neurotech x Tether:
- đŻ Competing with Neuralink: Tether holds a majority stake in Blackrock Neurotech, aiming to bring BCIs to the public.
- đ Commitment to Safety: Ardoino emphasizes the need for BCIs to be open, safe, and privacy-respectingâa âbrain-operative systemâ for the future.
đ Tetherâs Broader EVO Strategy:
- đ§ Empowering the Future: Tether is pioneering projects that redefine human potential, aligning with their vision of an evolved human experience.
đ€ Decentralized AI:
- đ„ Challenging Tech Giants: Tether is also pushing the boundaries in AI, targeting the dominance of Microsoft and Amazon.
- đ Independent AI:With AI becoming politicized, Tether aims to be a crucial player in ensuring an open and fair AI ecosystem.
⥠The Future of Humanity is on the HorizonâAre You Ready?
#SahmRule #BlackRockETHOptions #BinanceLaunchpoolTON #AiNarratives
Nigeria's Tax Authority Proposes New Crypto Regulation Bill
Nigeria's Federal Inland Revenue Service (FIRS) is planning to introduce a comprehensive new law to regulate cryptocurrencies in the country. The proposal, which will be presented to the National Assembly in September, is part of a larger effort to modernize Nigeriaâs tax system.
FIRS Executive Chairman Zacch Adedeji announced this initiative during a meeting with the National Assembly's Finance Committees. The proposed law aims to harness the benefits of the growing cryptocurrency industry for Nigeria's economy while addressing potential risks.
Adedeji stressed the importance of having clear regulations for cryptocurrencies, calling for cooperation between the FIRS and lawmakers to draft and implement the new bill. This law will not only focus on digital assets but also simplify and update outdated tax laws to better fit the digital age.
This move reflects Nigeria's growing recognition of the significance of digital assets. Recently, the Nigerian Minister of Finance, Wale Edun, encouraged the Securities and Exchange Commission (SEC) to address the complexities of cryptocurrency regulation. The SEC has already started updating its rules on digital asset issuance and trading platforms to keep up with the evolving market.
With new appointments to the SEC board, approved by President Bola Tinubu in April 2024, Nigeria might be entering a new phase of financial regulation. The crypto community in Nigeria is also advocating for responsible regulation, urging the government to avoid harsh restrictions on digital assets.
Bitcoin$BTC Shows Signs of an Upcoming Price Surge
Bitcoin may be gearing up for a significant price increase, according to two popular trading tools. As the weekend came to a close on August 18, Bitcoin's price rose to a local high of $60,271, showing strength even during a typically quieter trading period.
One of the tools, the Ichimoku cloud, signaled a bullish crossover, which traders see as a sign of an upcoming upward trend. Another indicator, the MACD, also pointed to a potential price increase soon.
Analysts are now watching the $60,600 level closely. If Bitcoin can maintain this level, it could signal the start of a more substantial price rally, with some predicting a breakout phase as soon as late September. This could mark the end of the recent price dip and a return to stronger growth.
#BTCâ #bitcoinâïž
$BTC $ETH $BNB
What can the dot-com collapse teach us about modern investing?
In the late 1990s, everyone wanted to participate in the online gold rush. But for many, it ended in disaster when the dot-com bubble burst. Here's what we can learn from that arduous journey to avoid making the same mistakes:
1. Hype does not equal value: Just because something is popular does not mean it is worth investing in. Focus on the actual value of the company, not the hype.
2. Do your research: Always understand a company's business model and profitability before investing.
3. Profit is important: A company must have a clear path to making money. High growth is good, but profits are essential.
4. Be skeptical about big: If it starts rising very quickly or its promises are very great, be skeptical of it. Fast gains often come with high risks.
5. Commit to discipline: Do not let your emotions control your investments. Stick to your plan and avoid making rash decisions based on the excitement prevailing in the market.
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#BTC #BinanceLaunchpoolTON #LowestCPI2021 #MarketDownturn #SahmRule
Solana Price Outlook: Bullish or Bearish? Key Indicators Revealed
The #Solana price has shown a mixed performance over the recent 4-hour sessions, indicating a period of consolidation and potential upcoming volatility. The price has been testing the resistance levels near $145.95, with a key resistance area between $148.01 and $148.10. On the downside, support appears to be forming at $143.66, with additional support levels at $143.16 and $141.80.
Exponential Moving Averages (EMAs) provide a nuanced view of the current trend. The 9 EMA is currently above the 20 EMA, suggesting a short-term bullish momentum. However, the gap between the two averages is narrowing, which might indicate a potential slowdown in the upward movement or even a possible reversal if the 9 EMA crosses below the 20 EMA.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator is showing signs of bullish momentum building up. The MACD line has crossed above the signal line, which is often seen as a bullish signal. The histogram, which measures the difference between the MACD and signal line, is positive and increasing, further reinforcing the possibility of upward momentum. Traders should watch for continued strength in the MACD histogram, as this could signal a continuation of the current bullish trend.
The Relative Strength Index (RSI) has recently moved from a neutral zone to slightly above the midpoint, indicating that the buying pressure is beginning to outweigh the selling pressure. An RSI value moving closer to 70 would signal that the asset is entering overbought territory, while a drop below 50 could indicate a return of bearish sentiment. $SOL #SOL #altcoins The full analysis and trade strategy were posted on www.ecoinimist.com.
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