Cryptocurrency market overview | 1 May 🔴 Market cap: $2. | Crypto De Nostradame on Binance Square

Trending Articles

Bookmarked and Liked

Crypto De Nostradame

--

Bullish

Cryptocurrency market overview |  1 May
 🔴 Market cap: $2.11 trillion (-8.85%)
 🔴 BTC dominance: 53.16% (-0.27%)
 ⚡️ Fear and Greed Index: 54 (Neutral)
#ScamRiskWarning #Binance #HKETF 

0 people tipped the creator.

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

6k

0

Replies 0

Explore the lastest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

Crypto De Nostradame

@SCdeNostradame

Explore More From Creator

Ethereum (ETH) rise depends on this: It must fall first! Crypto analysts claimed that Ethereum (ETH) could fall to $ 2,200 and receive a reaction from that point. Although spot #Ethereum ETFs have attracted the attention of Wall Street, demand for ETH has not increased. The world's largest altcoin has not yet fully gained strength. #ETH fell by 6.62 percent last week. Crypto analysts believe that these declines could awaken the bulls. According to analyst Carl Runefelt's daily analysis, ETH has formed a falling wedge formation, meaning a "post-apocalyptic revival." Analysts believe that if the ETH price receives support from $ 2,200, it could increase by 80.47 percent. According to the analysis in question, ETH could rise to $ 4,000. IntoTheBlock’s Inflow and Outflow Around Price (IOMAP) tool, which identifies important support and resistance levels, revealed that the $2,200 area is a critical area for buyers. IOMAP reported that more than 1.59 million ETH was purchased at $2,218. The analysis showed that the level in question will be strongly defended. The cryptocurrency market experienced a recovery rally accompanied by data from the US. Bitcoin gained nearly 2 percent. $ETH , the pioneer of altcoins, returned to $2,400.

--

If Bitcoin breaks $55,000, watch out for these levels! Bitcoin (BTC), which is going through critical processes, is facing the $55,000 support. What could happen if this support point is broken? Although the #BTC price recently fell to $55,250, it could not break the important support point of $55,000. As a result of the purchases from this support point, a bullish signal was formed in BTC. BTC, which has regained the demand area that has not been reached since August, is expected to make a sudden rise to $58,000. Cointelegraph, which prepared the analysis, said: “BTC recorded its monthly low at $55,250 on September 6, but on the positive side, it tested an untouched demand area since August. A lower level on the one-hour chart could allow $BTC to experience a sudden rise towards $58,000.” The total cryptocurrency market value has fallen below 2 trillion, while the #Bitcoin (BTC) price has faced selling pressure. The Crypto Fear and Greed Index also pointed to the “Extreme Fear” level for the first time since the first week of August. Cointelegraph stated that three important price levels will come into play if the #BTC price loses the $55,000 support. According to liquidation data, upward leverage positions have been formed at $57,500. The increase in selling pressure could push BTC below $55,000. The daily close below $55,000 on the $BTC chart could deepen the potential decline. “If BTC loses the demand zone at $55,000, the next support point will be $52,100.” Cointelegraph said:“If BTC cannot hold at $52,000, $49,000 will be the last support price and the long-term bullish structure will face serious downward pressure.” It is noteworthy that large whales have accumulated between $50,500 and $53,000. The analysis, which stated that whales will play a critical role at $50,000, stated that $49,000 may be inevitable if these levels are lost.

--

Arthur Hayes announced the level he expects in Bitcoin (BTC). Arthur Hayes thinks that Bitcoin (BTC) may fall below $ 50,000. Data from TradingView shows that BTC fell to $ 55,500 during the Asian session and a new downtrend may begin. Before the announcement of US unemployment data, it was observed that the bulls were insufficient to push the price up. Arthur Hayes believes that $BTC will test below $ 50,000. Hayes, who took a short position for BTC, naturally upset his followers. However, he is not the only one expecting a decline in Bitcoin. Another cryptocurrency analyst, Caleb Franzen, expressed the reason for expecting a decline as follows: “The 200-day Simple (#SMA ) and Exponential (#EMA ) moving averages indicate that a new decline in Bitcoin is imminent.” Popular cryptocurrency investor Peter Brandt also approached the subject from a similar perspective: “The megaphone structure that emerged on the weekly chart could be the trigger for a new decline in #BTC . Sellers have been dominating the market for months. The lower limit of the technical structure is $46,000. An upward push is needed for us to see a bull market. But for now, sales are stronger than purchases.” As of the writing of the news, the leader of cryptocurrencies, which found buyers at $55,880, may face selling pressure unless it can exceed $60,000. As analysts say, it would be useful to follow the $46,000 - $50,000 range as a support zone.

--

Bitcoin whale dazzles: Eyes turned to October! The Bitcoin (BTC) whale has started to prepare for October, which is called “Uptober”. It has become a matter of curiosity whether the historical cycle will repeat itself. According to the data, September stands out as the period when BTC prices experienced sharp declines, while October stands out as the period when recovery increases began. Previous September months were difficult for financial markets, including cryptocurrencies. Many investors witnessed declines in different asset classes. October, when the increases began, is seen as a bright period by investors. Investors call October “Uptober”. According to on-chain data, a whale started to accumulate before October. “The data suggests that cryptocurrency investors can look forward to the return of “Uptober”, a period historically marked by strong performance in BTC. However, September, which started with a significant decline, may continue its downward trend by keeping $BTC and the broader crypto market in negative territory.” #BTC , which closed positive only three times in the last September 11, is expected to remain in a downtrend this month. Analysis suggests that the markets that have softened with the Fed's interest rate cut may trigger bullishness after October. An increase in whale transactions was observed as speculations that an increase may come in October increased. According to Lookonchain's post, a Bitcoin whale continues to buy despite having over half a billion dollars worth of BTC. The whale in question purchased 322 BTC worth approximately $19 million. The whale spent $136 million in the last five days, accumulating 2,322 BTC. The whale, who is thought to be a maximalist and expects an increase, has a total of 8,881 BTC worth $523 million.

--

Ethereum is in danger: VanEck warns of report. In its Crypto Monthly Roundup for August 2024, asset manager VanEck highlighted the critical factors for Ethereum. The report divided the issues affecting the network into three main categories: an overall decline in network revenues, policy preferences, and value extraction from layer-2 solutions and service providers. According to VanEck, consumer migration to higher-throughput layer-1 blockchains like #Solana is partly responsible for the network revenue decline. The report noted that Ethereum has an advantage in smart contracts and was the first network to benefit from speculation in digital assets. However, increasing competition from Solana (SOL), #Sui ($SUI ), and #Aptos ($APT ), which can process thousands of transactions per second, is pushing this speculative network away. It’s not just these three, but many other layer-1 projects have been giving ETH a hard time lately. According to VanEck, Ethereum layer-1 revenues were exploited by competing layer-2 networks. This competition put the network in two different difficult situations. Second and third-generation layer-1 blockchains took market share from outside while squeezing revenue from inside the network. As a result, Ethereum network fees have decreased by 99 percent since the introduction of the Dencun upgrade in March 2024. The Dencun upgrade, which significantly reduced fees for layer-2 networks, led to the rapid proliferation of #Ethereum layer-2 networks. The sharp increase in scalable networks for $ETH caught the attention of Anoma co-founder Adrian Brink, who said he believes there is a layer-2 solution. According to Brink, the number of scaling solutions required to manage traffic in the industry is approximately 10 times greater. Brink’s future statements are eagerly awaited.

--

Latest News

Bitcoin(BTC) Drops Below 54,000 USDT with a Narrowed 1.55% Increase in 24 Hours

--

Roblox Introduces Paid Games And Shopify Partnership

--

XRP Price Rebound Potential Highlighted By Technical Indicators

--

UniSat Extension Wallet Updated To Support Fractal Mainnet

--

Sun.io Reduces Gas Fees for SUN Boost Mining Pool by 99%

--

Cookie Preferences

ba-one-trust-cookie