This chart appears to represent a technical analysis of the crypto market, focusing on total market capitalization excluding Top 10 Dominance. Here’s a detailed breakdown:

### Chart Elements
1. **Price Movement**:
- The chart shows the price movement over time, represented by candlesticks. The y-axis on the left shows market capitalization in USD.

2. **Indicators and Moving Averages**:
- Various moving averages (MAs) are plotted, such as the 50-day, 100-day, and 200-day MAs, which help identify trends and potential support/resistance levels.
- Exponential Moving Averages (EMAs) with different periods are also included, smoothing out price data to indicate the trend direction.

3. **Support and Resistance Zones**:
- Highlighted blue zones indicate key support and resistance levels, where the price has historically reacted.

4. **Relative Performance Line**:
- A blue line tracking relative performance (possibly a market cap dominance percentage) against the primary chart.

5. **MACD (Moving Average Convergence Divergence)**:
- The MACD indicator at the bottom shows the momentum of the market. It uses two lines (MACD line and Signal line) and a histogram to signal potential buy/sell opportunities.

### Key Observations
1. **Highlighted Events (Green Arrows)**:
- The green arrows point to significant price movements. These may indicate market reversals or breakouts.
- The first arrow points to a breakout above a key resistance level in early 2017.
- The second arrow marks a recovery after a significant drop, highlighting a potential bullish reversal in early 2020.
- The third arrow shows a similar recovery in early 2021 after another dip, suggesting another bullish trend initiation.

2. **Support and Resistance Analysis**:
- The chart clearly marks strong support zones around the 350-400B USD range, where the price has rebounded multiple times.
- The resistance around the 800B USD and 1T USD levels acted as significant hurdles for price advancement.

3. **Moving Average Crossovers**:
- The interaction of short-term and long-term moving averages can indicate bullish or bearish trends. For instance, a crossover of a shorter-term MA above a longer-term MA (golden cross) suggests a bullish trend, while the opposite (death cross) indicates a bearish trend.

4. **MACD Indicator**:
- MACD crossovers above the signal line suggest buying opportunities, while crossovers below indicate selling.
- The histogram shows the strength of the momentum, with larger bars indicating stronger momentum in either direction.

### Analysis Summary
The chart provides a comprehensive view of the cryptocurrency market’s historical price action, highlighting key support and resistance zones, significant trend reversals, and momentum changes. The use of multiple technical indicators, such as moving averages and MACD, allows for a robust analysis of potential future market movements. The green arrows highlight critical moments where the market showed significant strength, indicating potential opportunities for traders and investors.

Bitcoin has recently dipped below a crucial support level of $65.8K, with current trading prices now under $64K. This movement signals a potentially significant correction, with analysts predicting a possible decline of 8% to 12%, potentially pushing Bitcoin's value toward the $60K mark.

#### Key Insights from the Chart:

1. **Realized Price vs. Market Price**:
- The chart shows the Bitcoin market price (black line) in relation to the short-term holder realized price (red line). The realized price represents the average price at which short-term holders acquired their Bitcoin.

2. **Profit/Loss Margin**:
- The shaded purple area indicates the profit/loss margin for short-term holders. A higher area suggests that holders are in profit, while a shrinking area indicates diminishing profits or increasing losses.

3. **Critical Support Levels**:
- Historically, when the market price crosses below the realized price, it triggers notable corrections. The chart highlights three previous corrections:
- A 10% correction earlier in the year.
- A 12% correction during the mid-year.
- The current scenario suggests another potential correction of 8% to 12%.

4. **Current Market Sentiment**:
- The current market sentiment is bearish as Bitcoin trades below the support level. This movement is marked by a crossing under the realized price, historically signaling further downward pressure.

#### Implications for Investors:

- **Short-Term Volatility**:
- Investors should brace for short-term volatility. If the predicted correction occurs, Bitcoin could see a drop to around $60K.

- **Buying Opportunities**:
- For long-term investors, such corrections could present buying opportunities. Historically, corrections have often been followed by periods of accumulation and eventual recovery.

- **Risk Management**:
- Traders might consider tightening stop-losses or taking profits to mitigate potential losses during this correction phase.

#### Conclusion:

The breach of the $65.8K support level marks a critical point for Bitcoin, suggesting a potential 8% to 12% correction. As Bitcoin trades below $64K, market participants should prepare for heightened volatility and potential buying opportunities. This phase could serve as a pivotal moment for both short-term traders and long-term investors navigating the ever-dynamic cryptocurrency market.
#BinanceTournament
#CryptoQuant

zkSync is a layer-2 scaling solution for Ethereum, developed by Matter Labs, which utilizes zero-knowledge rollups (zk-rollups) to increase the throughput and reduce the transaction costs on the Ethereum network. The zkSync token (often referred to as $ZKS) is the native utility token for the zkSync ecosystem. Here are some of the key features and aspects of zkSync and its token:
### zkSync Features:
1. Scalability:
- zkSync can handle thousands of transactions per second (TPS), significantly increasing the throughput compared to Ethereum's layer-1 capabilities.
2. Low Transaction Fees:
- By aggregating multiple transactions into a single batch and settling them on Ethereum, zkSync reduces the per-transaction cost, making micro-transactions viable.
3. Security:
- zkSync inherits the security of Ethereum because the zk-rollups utilize zero-knowledge proofs to validate the transactions off-chain but still post data on-chain, ensuring that the network's security is maintained.
4. Fast Withdrawals:
- Unlike other layer-2 solutions, zkSync enables near-instant withdrawals back to Ethereum, enhancing the user experience by reducing wait times.
5. Decentralization:
- zkSync aims for a high degree of decentralization, ensuring that no single entity can control the network, thus preserving Ethereum's core value propositions.
6. Compatibility with Ethereum:
- zkSync is fully compatible with Ethereum, meaning developers can deploy their existing smart contracts on zkSync with minimal modifications.
7. Eco-Friendly:
- By reducing the computational load on the Ethereum mainnet, zkSync contributes to a more sustainable and eco-friendly blockchain ecosystem.
### zkSync Token ($ZKS) Features:
1. Utility:
- The $ZKS token can be used to pay for transaction fees within the zkSync network.
2. Governance:
- Token holders may participate in governance decisions, influencing the future direction and development of the zkSync protocol.
3. Staking:
- Users might stake $ZKS tokens to earn rewards and participate in securing the network.
4. Incentives:
- The token can be used to incentivize various activities within the ecosystem, such as liquidity provision, application development, and more.
5. Bridging:
- $ZKS can be used in cross-chain bridges, allowing for interoperability between zkSync and other blockchains or layer-2 solutions.
zkSync and its token aim to improve the user experience on Ethereum by providing a scalable, secure, and cost-effective solution, thus facilitating broader adoption and more efficient blockchain applications.
$ZK
#BinanceTournament

$ZRO

ZRO has made significant strides in its fundraising efforts, amassing a total of $263.3 million and achieving a valuation of $3 billion. Here's a detailed breakdown of their funding rounds:

1. **Series B**:
- **Amount Raised:** $120,000,000
- **Date:** April 4, 2023
- **Investors:** Includes a diverse group of investors, and 22 additional undisclosed participants. This round highlights substantial confidence in ZRO’s potential and growth trajectory.

2. **Undisclosed Round**:
- **Amount Raised:** Not Available (N/A)
- **Date:** July 18, 2022
- **Investors:** A single investor is represented. Despite the undisclosed amount, the continued interest is a positive sign of backing from significant stakeholders.

3. **Extended Series A**:
- **Amount Raised:** $135,000,000
- **Date:** March 30, 2022
- **Investors:** A large group of investors, including 33 additional undisclosed participants. This major funding boost indicates strong early-stage support and expansion capabilities.

4. **Series A**:
- **Amount Raised:** $6,300,000
- **Date:** September 16, 2021
- **Investors:** Several prominent investors, with 6 additional undisclosed participants. The successful Series A round laid a strong foundation for future growth.

5. **Seed Round**:
- **Amount Raised:** $2,000,000
- **Date:** April 1, 2021
- **Investors:** This initial round set the stage for ZRO’s journey, providing the necessary capital to kickstart operations and development.

### Key Takeaways:
- **Strong Investor Confidence:** Multiple rounds with substantial investments signal robust confidence in ZRO’s vision and business model.
- **Growth Trajectory:** The increasing amounts raised in each round reflect ZRO's impressive growth and market potential.
- **Diverse Investor Base:** Participation from various investors, including significant undisclosed participants, indicates widespread interest and backing.

### Conclusion:
ZRO's fundraising success showcases its strong market presence and potential for future growth. Keep an eye on ZRO for exciting developments and consider the opportunity it presents in the investment landscape.

Stay informed, stay invested! 💼📈 #Fundraising #Investment #ZRO #GrowthPotential

In recent discussions about the cryptocurrency market, a notable trend has emerged: a growing disdain for altcoins (alternative cryptocurrencies). Despite the prevailing sentiment, there are signs that suggest a bullish phase for altcoins might be on the horizon. This analysis will delve into the current state of Bitcoin dominance, its historical context, and the potential for an impending altseason.

#### Bitcoin Dominance: A Key Indicator

Bitcoin dominance refers to Bitcoin’s share of the total cryptocurrency market capitalization. When Bitcoin dominance is high, it indicates that Bitcoin is outperforming other cryptocurrencies. Conversely, when Bitcoin dominance declines, it often signals that altcoins are gaining traction.

The chart provided illustrates Bitcoin dominance over time, marked by several key points:

1. **Historical Peaks and Troughs**:
- The chart shows three significant points where Bitcoin dominance reached a peak, followed by a decline leading to an altseason. These peaks are marked with green arrows.
- The periods of altseason are highlighted on the chart, showing times when altcoins significantly outperformed Bitcoin.

2. **Descending Trendline**:
- A descending trendline connects the peaks in Bitcoin dominance. This line indicates a long-term downward trend, suggesting that Bitcoin’s market share has been gradually decreasing over time.
- Each time Bitcoin dominance approaches this trendline, it marks a crucial turning point.

3. **Current Position**:
- As of the latest data point, Bitcoin dominance is once again nearing the descending trendline. Historical patterns suggest that this could be an indicator of an upcoming altseason.

#### Market Sentiment and Its Implications

The current market sentiment towards altcoins is notably negative. Many investors are focused on Bitcoin, often dismissing the potential of altcoins. However, this widespread skepticism might be setting the stage for a bullish phase for altcoins. Here’s why:

- **Contrarian Indicator**: In financial markets, extreme sentiment often precedes a trend reversal. When most market participants are bearish on altcoins, it might indicate that the market is near a bottom, presenting an opportunity for a reversal.
- **Cycle Analysis**: The cyclical nature of cryptocurrency markets suggests that periods of Bitcoin dominance are followed by phases where altcoins outperform. This pattern has repeated several times in the past.

#### Preparing for Altseason

For investors looking to capitalize on a potential altseason, it’s crucial to:

1. **Diversify**: While Bitcoin remains a staple in most cryptocurrency portfolios, allocating a portion to promising altcoins could yield significant returns.
2. **Research**: Focus on altcoins with strong fundamentals, real-world use cases, and active development communities. Avoid speculative investments based solely on hype.
3. **Stay Informed**: Keep an eye on market trends, sentiment indicators, and technical analysis. Staying informed will help you make timely decisions.

#### Conclusion

Despite the current disdain for altcoins, the historical and technical indicators suggest that we might be on the brink of a new altseason. Bitcoin dominance is at a cycle top, and if history repeats itself, altcoins could soon see significant gains. Investors who remain vigilant and informed stand to benefit from this potential market shift.

As always, it's essential to conduct thorough research and consider the inherent risks associated with cryptocurrency investments. While the potential for high returns exists, the volatility of the market requires a strategic and cautious approach.

🚨FINALLY🚨, remember that the market operates on probabilities, not certainties. While the indicators suggest a high likelihood of an impending altseason, it's crucial to remain adaptable and prepared for any market scenario. Balancing optimism with caution will help navigate the ever-evolving landscape of cryptocurrency investments.

#USDollarCrisis #usdollar
The composition of global central bank reserves has seen a significant shift over the past two decades. Data from the International Monetary Fund (IMF) highlights a noticeable decline in the share of the US dollar in these reserves.
Key Points:
- Decreasing Share: In 2000, the US dollar constituted 71% of the global reserves. As of 2024, this share has reduced to 53.2%.

- Sustained Dominance: Despite this decline, the US dollar continues to hold a dominant position as the world's primary reserve currency. This dominance underlines its central role in global finance and trade.
- Rising Competitors: Other currencies have been slowly increasing their presence in global reserves. Notably, the Chinese yuan (CNY) now makes up 2.3% of the global reserves. The euro (EUR) has a more substantial share, accounting for 20%.
Implications for Investors:
1. Diversification: The shift in reserve compositions suggests a trend towards diversification by central banks. This can be a cue for investors to consider a more diversified portfolio.
2. Currency Stability: The persistent dominance of the US dollar suggests that it remains a safe haven during economic uncertainties, despite its declining share.
3. Emerging Markets: The growing share of currencies like the yuan indicates the rising economic influence of countries like China. Keeping an eye on emerging markets could offer new investment opportunities.
Conclusion:
The evolving dynamics of global reserves reflect broader economic trends and geopolitical shifts. While the US dollar remains a cornerstone of global finance, the gradual rise of other currencies signals a move towards a more multipolar currency world. For investors, understanding these shifts is crucial for informed decision-making.
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**What is a Crypto Airdrop?**

A crypto airdrop is a marketing strategy used by blockchain-based projects to distribute free tokens or coins to the crypto community. The main goal is to increase awareness, boost project visibility, and reward early adopters or loyal community members.

**Types of Airdrops**

1. **Standard Airdrops**:
Tokens are distributed for free to holders of a specific cryptocurrency (e.g., ETH or BTC).

2. **Bounty Airdrops**:
Participants complete tasks such as sharing posts on social media, joining Telegram groups, or writing articles to earn tokens.

3. **Holder Airdrops**:
Tokens are distributed to wallets holding a specific cryptocurrency at a snapshot date.

4. **Exclusive Airdrops**:
Targeted at a specific group of people, such as users of a particular platform or service.

5. **Hard Fork Airdrops**:
Occurs when a blockchain splits into two, and holders of the original coin receive an equivalent amount of the new coin.

**Successful Airdrop Examples**

1. **Uniswap (UNI) Airdrop**: Uniswap distributed 400 UNI tokens to every user who had used the platform before a specific date, resulting in significant attention and adoption.

2. **Stellar (XLM) Airdrop**: Stellar has conducted multiple airdrops, including one where they distributed 2 billion XLM tokens to verified Keybase users.

**Finding and Participating in Airdrops**

1. **Crypto Forums and Social Media**: Follow crypto forums (e.g., Bitcointalk) and social media channels (Twitter, Reddit) for announcements.

2. **Airdrop Aggregator Sites**: Websites like Airdrop Alert, Airdrop Bob, and CoinMarketCap’s airdrop page list ongoing and upcoming airdrops.

3. **Community Engagement**: Join project communities on Telegram, Discord, and follow their social media to stay updated.

4. **Stay Vigilant**: Be cautious of scams. Always verify the legitimacy of the airdrop and never share your private keys.

By understanding and participating in airdrops, you can diversify your crypto portfolio and potentially discover the next big project. Happy airdropping!

#AirdropGuide

$BTC
In the rapidly evolving world of cryptocurrencies, technical analysis (TA) has emerged as a crucial tool for traders and investors. Unlike traditional financial markets, the crypto market operates 24/7 and is known for its extreme volatility. This unique environment necessitates robust analytical methods to predict market movements and make informed decisions.
### Understanding Technical Analysis
Technical analysis involves examining historical price data and market statistics to forecast future price movements. This approach relies on chart patterns, statistical indicators, and trading volume to identify trends and potential market reversals. Key tools of TA include moving averages, relative strength index (RSI), and Fibonacci retracements, among others.
### Why Technical Analysis is Essential in Crypto Trading
1. Market Volatility: Cryptocurrencies are notorious for their price swings. Technical analysis helps traders navigate this volatility by identifying entry and exit points. For instance, moving averages can indicate whether an asset is in an uptrend or downtrend, allowing traders to align their strategies accordingly.
2. Data-Driven Decisions: TA provides a systematic approach to trading. By relying on data and statistical analysis, traders can minimize emotional decision-making, which is particularly valuable in the highly speculative crypto market.
3. Timing the Market: Effective use of TA can help traders time their trades to maximize profits. For example, recognizing bullish or bearish patterns can help in predicting price breakouts or breakdowns, allowing traders to enter or exit positions at optimal times.
4. Risk Management: Technical analysis tools can also aid in setting stop-loss and take-profit levels, which are essential for managing risk. Indicators like the Average True Range (ATR) can help determine the most appropriate levels for these orders based on market volatility.
### Key Technical Analysis Tools for Crypto Traders
- Moving Averages: These smooth out price data to identify trends. Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) are widely used to confirm trend directions and potential reversals.

- Relative Strength Index (RSI): This momentum oscillator measures the speed and change of price movements. RSI values above 70 indicate overbought conditions, while values below 30 suggest oversold conditions, providing potential signals for market entry or exit.
- Fibonacci Retracement: This tool is used to identify potential support and resistance levels. By drawing retracement levels between significant price points, traders can predict where the price might reverse during pullbacks.
- Bollinger Bands: These measure market volatility and provide insights into potential overbought or oversold conditions. Prices that touch or exceed the bands can signal a potential market reversal or continuation.
### The Limitations of Technical Analysis
While technical analysis is a powerful tool, it is not infallible. It is based on the assumption that historical price patterns will repeat, which may not always hold true. Additionally, TA does not account for fundamental factors such as regulatory news, technological advancements, or macroeconomic trends that can significantly impact crypto prices.
### Conclusion
Technical analysis is indispensable for navigating the volatile and unpredictable crypto markets. By leveraging historical data and statistical tools, traders can make informed decisions, manage risks, and optimize their trading strategies. However, it is essential to use TA in conjunction with other forms of analysis and stay updated on market news to account for unforeseen events. As the crypto space continues to mature, the role of technical analysis in guiding trading decisions is likely to become even more pivotal.

$BTC
In a significant move for the digital asset space, President Joe Biden and his administration are slated to participate in a Bitcoin and cryptocurrency roundtable in Washington, D.C., this July. This participation marks a noteworthy shift in the administration's approach towards more direct engagement with the crypto industry.
### Objective of the Roundtable
The roundtable aims to bring together various stakeholders, including policymakers, industry leaders, and regulatory bodies. The main focus will be to discuss and develop a comprehensive regulatory framework for cryptocurrencies. Discussions will explore the economic impacts of digital assets and their integration into the broader financial system.
### Regulatory Framework and Investor Protection
One of the critical topics on the agenda is the establishment of a robust regulatory framework. This framework is expected to address the classification and oversight of different types of digital assets, such as cryptocurrencies, stablecoins, and NFTs. Ensuring investor protection and market stability will be paramount in these discussions. The administration aims to mitigate risks associated with the crypto market while fostering innovation.
### Economic Implications and National Security
The Biden administration recognizes the significant economic implications that digital currencies hold. Therefore, the roundtable will also focus on understanding how these assets can affect national security. The administration's goal is to create a cohesive set of policies that streamline the currently fragmented regulatory approach, ensuring that the U.S. remains competitive in the global digital economy.
### Engaging with Industry Leaders
By engaging directly with industry leaders, the administration hopes to gain deeper insights into the challenges and opportunities within the crypto space. This dialogue is expected to pave the way for more informed policy-making that balances innovation with regulation.
### Conclusion
This upcoming roundtable represents a critical step for the Biden administration in navigating the complex landscape of digital assets. The outcomes of this discussion could shape the future of cryptocurrency regulation in the United States, impacting how these assets are integrated into the financial system and protected under the law.