A popular cryptocurrency analyst has revealed that they believe the price of the flagship cryptocurrency could soon move up as it paves the way for an exponential surge in value in the future.

The analyst, known as Credible Crypto on the microblogging platform Twitter where they have amassed a sizable following of over 340,000 individuals, conveyed in a recent video that Bitcoin is likely at the threshold of establishing a foundational base for a tremendous surge, but noted BTC could potentially retract to as low as $25,000 before the next phase of its rally.

Per his words, the most substantial consolidations, and gradual upward climbs “typically occur at the base of these explosive curves,” and users should “not anticipate such consolidations to take place once we commence our climb to $30,000, $40,000, or $50,000.”

He also anticipates that Bitcoin will likely experience a period of consolidation within a narrow trading range over the next two months before skyrocketing to unprecedented highs.

Credible Crypto predicted that the next phase of the bull cycle should take the flagship cryptocurrency into the $40,000 range. Once that target is hit, he said, there “will be virtually no obstacles to prevent us from reaching new all-time highs.”

The analyst noted he expects BTC to hit a new all-time high before 2024, which would mean the flagship cryptocurrency’s price will surpass the $70,000 by the end of this year. To many, the recent drop BTC has experienced was a healthy and necessary shakeout that cleared out weak hands and overleveraged traders, setting BTC up to rise in the near future.

Arthur Hayes, Co-Founder and former CEO of crypto derivatives exchange BitMEX, has reaffirmed he believes that the price of the flagship cryptocurrency Bitcoin will skyrocket to $1 million.

Hayes anticipates that another regional bank will soon confront liquidity challenges as the Federal Reserve prepares to increase interest rates once again, expressing skepticism about the central bank’s planned 25 basis point interest rate hike. Per his words, the Federal Reserve either doesn’t “get it” or does and is just “hoping and praying the market is stupid.” Either way, he believes a rate hike “almost” guarantees another non-(too-big-to-fail) bank will collapse.

He also noted that First Republic Bank’s loan portfolio, which he says was filled with “jumbo mortgages” granted to wealthy individuals at low rates, has suffered a decline in value following the rise in interest rates. Hayes conjectures that the next bank to potentially fail will possess a loan book heavily weighted with illiquid, sizable commercial real estate loans.

The BitMEX co-founder also noted that the looming crisis within the banking sector could incite a macroeconomic upheaval, providing the impetus for Bitcoin’s meteoric ascent to $1 million. Hayes has been consistent in his $1 million Bitcoin predictions.

#BRC20 #btcordinals #memecoins #crypto2023 #Binance

Bitcoin Block Space Demand Surges Due to BRC-20 Token

Bitcoin is currently experiencing a high demand for block space, driven by the BRC-20 token. The BRC-20 token is known for its use of text-based inscriptions and ordinal. This increase in demand is resulting in higher revenues for miners, as the average fee paid per block has reached 2,905 $BTC . This is close to the peak of the previous increase.

This surge in demand for block space highlights the importance of transaction fees in the Bitcoin ecosystem. As the demand for block space continues to increase, it is likely that transaction fees will remain high, providing incentives for miners to continue validating transactions.

It will be interesting to see how this trend develops over the coming weeks and months. Will the demand for block space continue to increase, or will it level off? Only time will tell.

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FUD in Market- US Govt Selling BTC :-

recently saw a 6% drop in its value due to a tweet about the US government selling its BTC holdings.

However, it turns out the information was incorrect as there was no movement from the government's BTC wallets.

Remember to always verify the authenticity of news before making any hasty decisions.

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#BRC20 #BTC #btcordinals #Memecoins #cpi

The Bitcoin price analysis indicates a notable drop in price over the past few days. The BTC coin is currently trading at around $26,876, with a notable drop of 0.77 percent in the past 24 hours. The BTC token opened today at $27,020 and quickly started retesting below $27k before heading downwards.

The bearish trend of the Bitcoin price analysis is probably due to the fact that investors are withdrawing their funds due to the increased volatility in the market and uncertainty caused by the pandemic. The selling pressure is escalating as the market sentiment is overwhelmingly bearish. The support level at $26,827 is seemingly not enough to contain the sell-off, and the BTC token is likely to break below this level in the near future.

Bitcoin price analysis 24-hour chart: BTC is on the brink of a breakdown

The Bitcoin price analysis 24-hour chart shows an overall weak trend in the BTC price analysis. The bulls were seen on the market earlier today week and reached a day high of $27,265 but quickly started to decline as the bears operated heavy selling pressure.

The market cap plummeted to around $521 billion, with a strong loss of 0.70%. It appears that the buyers are still not able to gain any traction, with the selling pressure clearly dominating the market. However, the trading volume is still high at $8.23 billion, with a gain of 17 percent.

BTC/USD 1-day Chart, Source: TradingView

The Relative strength index (RSI) is currently at 34.78, falling below the 50-neutral zone, indicating that the bears are still in control of the market. The MACD chart is also bearish as it shows a growing bearish divergence, and the 24-hour simple moving average (SMA) is still on a downward trajectory. The Bollinger Bands are also close together, indicating low levels of volatility in the market. The lower Band is at $26,739, and the Upper Band is at $27,213.

BTC/USD 4-hour chart: Massive drop results in price backsliding below $27,000

The 4-hour chart for the Bitcoin price analysis shows a massive drop over the past few hours as the BTC token slides down below the key resistance of $27,265. This indicates that the selling pressure has increased, and there is no sign of bearish exhaustion yet.

The MACD indicator on the daily chart is also bearish, with the MACD line crossing below the signal line and further extending its downward trajectory. Additionally, the current price is below the moving average indicator at 26,987, as the 50-day MA and 200-day MA are both heading downward. The Lower Bollinger Band is currently at $26,739, and the Upper Bollinger Band is at $27,213, indicating low levels of volatility in the market. The RSI is currently at 34.78, further indicating that bears are in full control of the market now, and this trend is likely to continue unless there is some bullish signal in the market.

Bitcoin price analysis: What to expect?

BTC prices are currently trading at the upper boundary of the descending channel, which suggests that a bearish correction may be on the cards in the near future. Looking at 1-hour technical indicators, the 20-EMA is also increasing, crossing above the 50-EMA and 200-EMA. This indicates a potential short- term bullish trend that could support the prices in this range for some time.

#Binance #BTC #crypto2023 #dyor #btcordinals

Ordinals (ORDI) Coin: A Revolutionary Cryptocurrency on the Bitcoin Network

In the ever-evolving world of cryptocurrencies, new tokens are being developed on different blockchain networks. In this article, we will discuss Ordinals (ORDI) Coin, which is the first cryptocurrency developed in the brc-20 format on the Bitcoin network. We will explore the basics of ORDI, its market value, and how to buy it.

What is Ordinals (ORDI) Coin?

Ordinals (ORDI) Coin is a cryptocurrency that runs on the Bitcoin protocol and presents information such as text and images as NFTs and tokens. It is the first cryptocurrency developed in the brc-20 format on the Bitcoin network. The majority of Ordi’s supply has been Airdropped to users.

Market Value:

As of the date of the article, the market value of Ordi Coin is close to 500 Million Dollars. The price with the date of writing is $19. The all-time high was recorded as $29.16.

Supply:

Circulating Supply: 21,000,000 ORDI (Unconfirmed)

Total Supply: 21,000,000 ORDI

Maximum Supply: 21,000,000 ORDI

How to Buy Ordinals (ORDI) Coin?

For purchasing ORDI, users need to register with reliable exchanges such as Gate.io, BKEX, XT, CoinW, Bitmart, and BingX. Among these exchanges, Gate.io is considered the most reliable as it ranks 8th in the top 10 among all exchanges. It is recommended to keep assets in trusted exchanges or cold wallets.

Takeaways:

Ordinals (ORDI) Coin is a revolutionary cryptocurrency developed in the brc-20 format on the Bitcoin network.

Ordi presents information such as text and images as NFTs and tokens.

The majority of Ordi’s supply has been Airdropped to users.

The market value of Ordi Coin is close to 500 Million Dollars.

Gate.io is considered the most reliable exchange for buying and selling ORDI.

Conclusion:

Ordinals (ORDI) Coin is a unique cryptocurrency that has gained popularity due to its innovative use of NFTs and tokens on the Bitcoin network. While it is still a relatively new token, its market value has already reached close to 500 Million Dollars. Investors interested in purchasing ORDI can do so through reliable exchanges such as Gate.io, BKEX, XT, CoinW, Bitmart, and BingX. As with any investment, it is recommended to do thorough research and keep assets in trusted exchanges or cold wallets.

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#ordinals #btcordinals #BRC20 #Altcoin #ORDI

Zeebu, the world's first end-to-end blockchain platform for global telecom carrier businesses, has partnered with four telecom companies generating over $1.2 billion in annual revenue.

The partnerships with BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc., and Novatel aim to create a trustless, transparent, and more efficient ecosystem for telecom carriers and their partners. The partnerships are expected to result in thousands of transactions annually, making Zeebu a game-changing force within the telecom carrier industry.

By leveraging smart contracts and blockchain technology, Zeebu aims to address challenges faced by telecom carrier businesses, including security threats, rising costs, and remittance delays.

#BRC20 #btcordinals #SUI #Binance

（Cointime 16th,May）Mask Network, a leading decentralized social network, has announced an investment in The Open Network (TON) to further develop its ecosystem and provide innovative solutions for people across networks. TON is a revolutionary technology that seeks to unite all blockchains and the Web2 internet into one open network.

Mask aims to build an easy-to-use bridge between Web2 and Web3-era decentralized apps. With shared synergy between the two groups' visions, Mask will achieve deeper integration and provide DID solutions for their combined communities and beyond, contributing to the future decentralized social networks ecosystem. Mask's ambition is to become the Web3 social conglomerate building for the first billion people in Web3.

#memecoins #btcordinals #googleai #newtokenininnovationzone

Ripple's XRP has maintained a price level of around $0.43 with a net change of less than 1% over the past week. Despite the uncertain market sentiment, long-term XRP investors have stopped selling, which could lead to a bullish price prediction in the coming days. On-chain data shows that XRP could soon enter a prolonged price rally due to an uptrend in network traction and renewed confidence among long-term XRP holders. The increase in daily active addresses on the XRP network and the rise in mean coin age across the Ripple network suggest that the bullish XRP price prediction will be validated if stakeholders continue to increase network activity and investors HODL longer.

#btcordinals #BRC20 #googleai #newtokenininnovationzone

The U.S. Treasury has emphasized the importance of decentralized finance adhering to anti-money laundering (AML) regulations to prevent illicit finance. Zero-knowledge (ZK) technology can assist DeFi applications in complying with AML laws while maintaining user data privacy. Despite crypto's association with criminal activity, only 1% of all crypto transactions last year were illicit. ZK technology can also aid in the institutional adoption of crypto by enabling traditional finance players to demonstrate compliance with regulatory standards without sharing personal information. The incorporation of ZK technology into digital identity frameworks is gaining attention, and it can play a significant role in ensuring a safe crypto industry.

#BTC #btcordinals #Binance

UBS Group AG expects to take a financial hit of approximately $17 billion from the takeover of Credit Suisse Group AG, according to a presentation made by the bank. UBS estimates that it will suffer a negative impact of $13 billion from fair value adjustments of the combined group's assets and liabilities, as well as $4 billion in potential litigation and regulatory costs stemming from outflows. However, UBS also expects to book a one-off gain of $34.8 billion from the so-called "negative goodwill" of buying Credit Suisse for a fraction of its book value. The deal will create a wealth manager with more than $5 trillion in invested assets and over 120,000 employees globally.

#ETH #BRC20 #btcordinals

Decentraland (MANA) has experienced significant gains in the past day, outpacing the broader crypto market. The surge in price is believed to be linked to rumors of Apple launching its own metaverse, which have been circulating since Monday.

While it has long been speculated that Apple would enter the virtual and augmented reality space, the company has not confirmed or denied these rumors. MANA is not the only token to benefit from the speculation, with The Sandbox (SAND) also seeing gains. If Apple does launch its own metaverse device later this year, the price of metaverse coins could skyrocket.

#btcordinals #BRC20 #memecoins

Bitcoin is a decentralized digital currency that operates on a public ledger called the blockchain. All Bitcoin transactions are recorded on the blockchain and can be viewed by anyone. However, understanding the blockchain can be difficult, especially for new users. This is where BTC Ordinals comes in.

BTC Ordinals is a new tool that allows users to track Bitcoin transactions in a more intuitive way. Instead of displaying transactions as a list of numbers and characters, BTC Ordinals displays transactions as a sequence of ordinal numbers. This makes it easier for users to understand the order in which transactions are made and how they relate to each other.

The #btcordinals tool works by analyzing the Bitcoin blockchain and assigning a unique ordinal number to each transaction. The ordinal number is based on the order in which the transaction was added to the blockchain. For example, the first transaction on the blockchain would be assigned the ordinal number 1, the second transaction would be assigned the ordinal number 2, and so on.

Using BTC Ordinals, users can easily track the flow of Bitcoin from one address to another. The tool displays the ordinal numbers for each transaction, making it easy to see the order in which they occurred. This can be especially useful for tracking large transactions or for following the movement of funds between different Bitcoin wallets.

#BTC Ordinals is also useful for visualizing the Bitcoin blockchain. The tool displays a graph of the ordinal numbers, allowing users to see how transactions are connected to each other. This can be a helpful way to understand the complexity of the blockchain and how it operates.

Overall, BTC Ordinals is a useful tool for anyone who wants to track Bitcoin transactions in a more intuitive way. It provides a simple and easy-to-understand view of the blockchain, making it a great tool for both new and experienced Bitcoin users.

#feedfeverchallenge #Binance #dyor

Reef has launched a $10 million Accelerator Program for Web3 projects based in the Middle East. The program, managed by Reef Labs, aims to support, incubate, and invest in promising Middle East-based Web3 developers, teams, and projects building on the Reef Chain. This initiative seeks to drive Reef’s vision for growth, making it the de-facto blockchain in the MENA region.

The program will provide financial support, mentorship, marketing, and business development assistance to selected projects. Reef is ideally positioned to deliver enterprise-grade solutions with high scalability, cost-effective transactions, extensible EVM, and on-chain upgradability features, thus stimulating inventive models to harness blockchain technology.

#memecoins #btcordinals #SUI