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Crypto PM
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--・37.5k views
💰 BTC was rejected at $72k and dropped by just 4%. Altcoins saw a massive capitulation of 10-15%. So far, BTC has failed 4 times to break above $72k. The 5th attempt will break it and run towards $77k - $82k. Overall, Bitcoin is Bullish 🚀 as long as there is no daily candle closing below $66.6k. $BTC #bitcoin #btc70k #BTC☀️ #btcupdates2024 #Bitcoin❗

💰 BTC was rejected at $72k and dropped by just 4%. Altcoins saw a massive capitulation of 10-15%.

So far, BTC has failed 4 times to break above $72k. The 5th attempt will break it and run towards $77k - $82k.

Overall, Bitcoin is Bullish 🚀 as long as there is no daily candle closing below $66.6k.

$BTC

#bitcoin #btc70k #BTC☀️ #btcupdates2024 #Bitcoin❗

Aviso legal: Se incluyen opiniones de terceros. Esto no respresenta una asesoría financiera. Puede haber contenido patrocinado. Lee los TyC.
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Hey there, it seems like the Bitcoin ETFs in the U.S. are experiencing a bit of a rollercoaster ride lately! 🎢 After four weeks of seeing some serious gains, they've hit a rough patch. 😬 According to Farside Investors, they recorded a net outflow of $64.9 million on June 10. Ouch! 😓 Especially for Grayscale Bitcoin Trust (GBTC), which took the biggest hit with $39.5 million in outflows. But hey, it's not all doom and gloom! Bitwise Bitcoin ETF (BITB) and iShares Bitcoin Trust (IBIT) are still hanging in there with some inflows of $7.6 million and $6.3 million, respectively. 🚀 Now, let's talk numbers. The total net inflows of spot BTC ETFs soared past $15.6 billion over those four weeks, which is pretty impressive! 💰 But with investors feeling a bit cautious ahead of the U.S. CPI data release on June 12, things are a bit shaky. Last month's CPI hit 3.4%, as expected, which sparked some bullish vibes. 🐂 As a result, the global crypto market is feeling the pinch, with a 2.8% decline in the past 24 hours. Bitcoin took a dip to $67,600 and Ethereum is inching towards $3,500. It's a sea of red out there, with 94 out of the top 100 cryptocurrencies feeling the heat. 🔥 But hey, in the world of crypto, every dip is just another opportunity, right? 😉 #bitcoin #BTC #ETF #Binance #BlackRock
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Pepe Price Prediction: Will PEPE Plunge 20% This Month? **Market Overview:** With Bitcoin's price dropping below its crucial support level of $68,000, the memecoin sector has been hit hard. Top memecoins have seen significant value declines, and the Pepe token is no exception. It has shown strong bearish behavior, recording a 2% drop in the past day and a 13.96% decline over the past week. ### Key Points: - **Recent Price Movement:** - Pepe regained momentum after a weak period, surging by 157.85% before pulling back at $0.00001150. - The memecoin found support at $0.00000880, doubling in value within eight days to a new ATH of $0.00001718 on May 27th. - **Current Sentiment:** - After hitting the ATH, Pepe experienced a bearish reversal, indicating increased selling pressure. - Technical indicators, such as MACD, show a rise in the red histogram and a sharp plunge in averages, suggesting a continued decline in price. Price Analysis: - **Support and Resistance Levels:** - **Current Support:** $0.00001150 - **Immediate Resistance:** $0.00001410 - **Crucial Support:** $0.00000880 - **Potential Scenarios:** - **Bullish Scenario:** If the market holds above $0.00001150, bulls could push the price to test the $0.00001410 resistance. If sustained, Pepe might retest its ATH. - **Bearish Scenario:** If bears take over, the price could break below $0.00001150, heading towards the crucial support level of $0.00000880. Conclusion: The current market dynamics suggest a challenging period for Pepe. Investors should monitor key support and resistance levels closely. A bullish hold above $0.00001150 could see a recovery, while a drop below this level could signal further declines toward $0.00000880. #pepecoin🐸 #pepe⚡ #PEPEAnalysis #PEPEATH #Pepe
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Ripple CEO Brad Garlinghouse Casts Doubt on Dogecoin Amid Market Volatility 🐶📉 ### Key Highlights: Ripple CEO Brad Garlinghouse recently expressed skepticism about Dogecoin (DOGE) and other speculative assets at the Consensus conference, stirring up debate about the future direction of the cryptocurrency market. ### Dogecoin Market Overview: - **Current Price**: $0.1409, a 2.85% decline in the last 24 hours. - **Recent Volatility**: The price rose to $0.148 before declining, reflecting market dynamics and heightened trading activity. - **24-Hour Trading Volume**: $980.86 million, a 51.86% increase, indicating strong interest amidst price fluctuations. - **Market Cap**: $20.39 billion with a circulating supply of 144.66 billion DOGE. - **Volume-to-Market Cap Ratio**: 4.80%, showing an active market. ### Price Analysis and Key Levels: - **Immediate Support**: Around $0.141, recently tested. If breached, the next support is approximately $0.140, a psychological threshold. - **Immediate Resistance**: At $0.148. Breaking above this could lead to testing higher resistance around $0.150. - **Mid-Term Support**: Identifiable in the $0.130-$0.135 range, historically significant during previous declines. - **Mid-Term Resistance**: Around the $0.155-$0.160 range, a key level before previous price drops. ### Technical Indicators: - **1-Day Relative Strength Index (RSI)**: 36.67, nearing oversold territory, possibly indicating a price reversal or stabilization. - **1-Day Moving Average Convergence Divergence (MACD)**: Below the signal line, suggesting a bearish short-term outlook. ### Market Sentiment: Brad Garlinghouse's skepticism highlights the ongoing debate about the viability and future of speculative assets like Dogecoin. Investors should remain cautious and monitor key support and resistance levels to navigate the volatile market conditions. --- *Disclaimer: This information is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making any investment decisions. #XRP
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Leading Bitcoin Miners Achieve Billion-Dollar Market Caps 🚀💰 Key Highlights: **Top Publicly Traded Bitcoin Miners:** Recent data from Farside reveals that 8 out of the top 30 publicly traded Bitcoin miners have market capitalizations exceeding $1 billion. Here are the top players: 1. **Marathon Digital Holdings (MARA)**: $5.5 billion 2. **Cleanspark (CLSK)**: $3.6 billion 3. **Riot Platforms (RIOT)**: $2.9 billion 4. **Iris Energy (IREN)** and **Core Scientific (CORZ)**: $1.5 billion each 5. **Northern Data (NB2)**: $1.4 billion 6. **Cipher Mining (CIFR)**: $1.3 billion 7. **Terawulf (WULF)**: $1 billion Additionally, **Bitfarms (BITF)**, **Hut 8 (HUT)**, and **Bitdeer Technologies (BTDR)** are close to reaching the $1 billion mark. Collectively, these 30 miners have a total market cap of $23 billion. Bitcoin Miners ETF & Market Trends 📈 **Bitcoin Miners ETF (WGMI)**: - **Performance**: WGMI has seen a 9% rise this year, bouncing back from an earlier 26% decline. - **Comparison**: While WGMI has shown positive recovery, MicroStrategy (MSTR) surged 134% year-to-date (YTD), significantly outperforming Bitcoin's own 53% increase. # Market Insights: The performance divergence between WGMI and MicroStrategy highlights different market dynamics and investor sentiment towards Bitcoin and related equities. Despite the challenges earlier in the year, the recovery of Bitcoin miners and related ETFs suggests a resilient and evolving market. --- *Disclaimer: This information is for informational purposes only and does not constitute financial or investment advice. Always conduct your own research before making any investment decisions.* --- #BitcoinMiners #Bitdeer #bitcoin #BTC #Mining
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Iggy Azalea's MOTHER Token Surges, Then Dips Amid Market Selloff 📉💥 #Key Highlights: - **Surge in Value**: Iggy Azalea’s MOTHER Token saw a dramatic 30% surge following the announcement of its new real-world utility. Token holders will soon be able to purchase mobile phones and monthly cellphone subscription plans. - **Market Reaction**: The initial excitement led to a quick interest in the memecoin, pushing its value up. However, the token is now down 17.3% in the last 24 hours, trading at $0.155 amid a wider market selloff. - **Trading Volume**: The total trading volume of meme tokens dropped by over 12%, amounting to $5.46 million in the last 24 hours. Analysis: The recent announcement from Iggy Azalea about the MOTHER Token's real-world utility ignited a significant surge in its value, highlighting the market's responsiveness to tangible use cases for cryptocurrencies. However, the overall market conditions have contributed to a subsequent decline, reflecting broader trading behaviors and sentiment in the crypto space. Market Impact: - **Real-World Utility**: The ability for token holders to purchase mobile phones and subscriptions adds practical value to the MOTHER Token, setting a precedent for memecoins with real-world applications. - **Volatility**: The rapid surge and decline underscore the volatility inherent in meme tokens, influenced by both specific announcements and overall market trends. - **Trading Volume**: The 12% drop in meme token trading volume highlights a cautious market sentiment, affecting not only MOTHER Token but the wider category. Conclusion: The MOTHER Token's rollercoaster ride emphasizes the impact of utility announcements on memecoins while also illustrating the volatility they can experience in a fluctuating market. As the crypto community continues to navigate these dynamics, the focus on real-world applications may drive future interest and stability. #MOTHER #IggyAzalea #Solana⁩
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