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Cryptoniteuae
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Bitcoin Price Slips Below $62,000 as #Pre-Halving Momentum Stalls. #Bitcoin is sinking just days before its halving event. The price dropped to $61,867, wiping out gains from the past month. It's currently trading around $62,500, which is down over 5% in a day and 11% in a week. This slump isn't isolated - the entire crypto market is down 6.4% with all top 20 cryptocurrencies (except stablecoins) dropping in value. Some, like #Solana , #Toncoin , and Bitcoin Cash, even fell by double digits. $BTC $SOL $BCH

Bitcoin Price Slips Below $62,000 as #Pre-Halving Momentum Stalls.

#Bitcoin is sinking just days before its halving event. The price dropped to $61,867, wiping out gains from the past month. It's currently trading around $62,500, which is down over 5% in a day and 11% in a week. This slump isn't isolated - the entire crypto market is down 6.4% with all top 20 cryptocurrencies (except stablecoins) dropping in value. Some, like #Solana , #Toncoin , and Bitcoin Cash, even fell by double digits.

$BTC $SOL $BCH

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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PEPE's recent price decline might be setting the stage for a rebound, fueled by whale behavior and overall market sentiment. Unlike in other assets, whale selling in PEPE often precedes price surges, as seen historically. Additionally, many #PEPE holders are close to reaching profit thresholds, which could discourage selling and support price appreciation. Currently trading above a critical support level, $PEPE could potentially rally to $0.0000100. However, failure to maintain support may lead to a drop to $0.0000063. While signs point to a potential increase, investors should exercise caution and monitor support levels closely. #CryptoWatchMay2024 #buythedip #cryptoniteuae
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Recent on-chain data reveals a notable decline in #Bitcoin exchange inflows, reaching levels unseen in nearly a decade, according to CryptoQuant author Axel Adler Jr. Exchange inflows, representing the total amount of Bitcoin deposited into centralized exchange wallets, have been steadily decreasing. High exchange inflows typically indicate selling intentions, potentially signaling a bearish sentiment for the asset. Conversely, low exchange inflows suggest reduced selling activity, which can be interpreted as a bullish or neutral indicator for Bitcoin's price. The decline in exchange inflows could indicate a decreased appetite for selling Bitcoin, potentially contributing to a bullish effect on its price due to supply-demand dynamics. However, the long-term trend of declining exchange inflows may also reflect the evolving role of exchanges in the market. During the 2017 cycle, exchanges played a significant role in receiving substantial deposits, whereas in the 2021 cycle, alternative investment avenues for Bitcoin emerged, possibly leading to a drop-off in exchange deposits. The emergence of spot exchange-traded funds (#ETFs. ), gaining regulatory approval and witnessing significant demand, further highlights the changing landscape of Bitcoin investments. With the rise of ETFs, #cryptocurrency exchanges may have lost some relevance, contributing to the expectation of even fewer deposits in the current cycle compared to previous epochs. #CryptoWatchMay2024 #buythedip
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The potential collaboration between Cardano and Bitcoin Cash ($BCH ) signals an intriguing possibility for both networks. Charles Hoskinson's proposal to integrate #BCH as a "partnerchain" with #Cardano could offer significant enhancements to Bitcoin Cash's functionality, potentially making it even more competitive in the cryptocurrency space. While Hoskinson's vision has garnered considerable support from the community and industry experts, such as Ben Scherrey, there are still questions surrounding the practical implementation of this partnership, particularly concerning their differing consensus mechanisms. In addition to exploring potential collaborations, Cardano is also gearing up for two significant upgrades: the Chang hard fork and the introduction of the Ouroboros Leios protocol. These upgrades aim to enhance Cardano's decentralized governance and scalability, addressing key challenges in the blockchain ecosystem. Overall, the discussions surrounding Cardano's integration with #BitcoinCash and its upcoming upgrades highlight the network's commitment to innovation and its potential to shape the future of decentralized finance. #CryptoWatchMay2024 #buythedip
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#Dogecoin 's recent surge is fueled by established support above $0.1, ensuring resilience during market downturns. Analysts, like Behdark, view Dogecoin's prolonged correction as a precursor to a #bullish rally, echoing historical trends. This rally, traced back to October 2023, has seen fluctuations but maintains an upward trajectory. Behdark sets a validation threshold at $0.08 and anticipates a bullish D wave, targeting $0.28 initially and potentially soaring over 100% to $0.38 in the G wave. Dogecoin's current price, above $0.16, marks an 18.6% increase, reflecting ongoing momentum. $DOGE #altcoins #CryptoWatchMay2024
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