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SUI hit $2 price peak đ Expectations have certainly been raised... #Sui
SUI hit $2 price peak đ
Expectations have certainly been raised...
#Sui
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đž PEPE Surges 175%: A Resilient Rally Defying Expectations! đș PEPEâs recent surge of 175% signals a remarkable turnaround from previous doubts. đș The occurrence of a âgolden crossâ in moving averages suggests a bullish market sentiment. đș Despite overbought conditions, PEPEâs robust trading volume indicates potential for further gains. In a recent surge, the cryptocurrency PEPE has seen a remarkable uptick of 175% in its value. This sudden spike comes after a tumultuous period marked by both criticism and acclaim. Initial concerns about the composition of PEPEâs holders had cast a shadow over its potential, stifling its momentum earlier in 2024. However, as time passed and the ownership structure shifted, PEPE found an opportunity for a resurgence. The rally in PEPEâs value can be attributed largely to the shifting sentiment among traders and investors. The momentum behind PEPE has been formidable, with the cryptocurrency breaking through nearly every resistance level. This surge seems unstoppable, barring potential profit-taking activities. Analysis of PEPE/USDT charts reveals significant indicators supporting this bullish trend. One such indicator is the occurrence of a âgolden crossâ as the 50-day moving average surpasses the 200-day moving average. This event traditionally signals a bullish market sentiment, suggesting a continued uptrend for PEPE. Moreover, trading volumes have remained high, reinforcing the optimism surrounding PEPEâs performance. Further analysis of moving averages suggests that bullish PEPE holders may increase their positions, driving its value even higher. The robust trading volume serves as a solid foundation for price stability. However, caution is warranted as the RSI currently stands at 72, indicating overbought conditions. While this could trigger a temporary pullback, itâs unlikely to deter long-term prospects as RSI fluctuations are common. $PEPE #PEPE
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đ„ Binance LUNC Burn Spikes Over 59 Billion After Latest Terra Classic Tokens Burn Binance's total LUNC burn rises over 59 billion after the latest Terra Luna Classic tokens burn. LUNC and USTC prices to recover as a result of buy the dip? đș Binance burned additional Terra Luna Classic (LUNC) tokens this week. đș The latest LUNC burn is not part of Binance's monthly LUNC burn mechanism. đș Total LUNC burned by the crypto exchange to date has now surpassed 59.07 billion. Crypto exchange Binance burned another pack of Terra Luna Classic (LUNC) tokens this week, as per a transaction revealed by LUNC Burn Tracker. With the latest burn by Binance, the total LUNC burned by the crypto exchange has reached over 59 billion. đž Binance Burns Additional LUNC Tokens Crypto exchange Binance burns additional Terra Luna Classic (LUNC) tokens every month, which are not part of Binanceâs monthly LUNC burn mechanism. Binance sent additional LUNC tokens to the burn wallet, as per a transaction on May 23. Binance burned 1.4 billion Terra Classic tokens in the 21st batch of LUNC burn mechanism in early May. After the latest burn by Binance, the total LUNC burned by the crypto exchange to date has now surpassed 59.07 billion, accounting for 51.9% of total LUNC burned by the community. The total LUNC tokens burned by the Terra Luna Classic community has reached over 113.71 billion. Binance has continued supporting the community for Terra Luna Classic revival since 2022 via its monthly LUNC burn mechanism. đž LUNC and USTC Price Performance Amid Market-Wide Selloff Crypto market saw broader retracements in the US hours as whales and investors sold their holdings, considering a similar selloff seen immediately after the spot Bitcoin ETF approval by the SEC in January. LUNC price fell 3% in the last 24 hours, pared most gains this week. The price is currently trading at $0.0001131, with a 24-hour low and high of $0.0001094 and $0.0001179, respectively. Furthermore, trading volume has decreased after a massive 231% jump on Wednesday. $LUNC #LUNC #Binance
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đ„ BREAKING: Ethereum spot ETFs approved by SEC ! The US Securities and Exchange Commission said it has approved the launch of spot Ethereum ETFs for accelerated launch. Ethereum ETFs face a weeks-long process of finalizing S-1 registration statements, a form required by the SEC for ETFs to list securities, and establishing exchange agreements through multiple rounds of SEC communication. The move is expected to bring a substantial influx of institutional capital into the Ethereum market, with Standard Chartered Head of Digital Assets Research Geoff Kendrick predicting inflows of $15 to $45 billion in the first 12 months. To address SEC concerns, potential spot ETH ETF issuers, including Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck, have updated their filings to confirm they will not stake ETH for yield. Earlier this week, Bloomberg analysts Eric Balchunas and James Seyffart have increased the odds of a spot Ethereum ETF being approved this month from 25% to 75%. The approval of Ethereum ETFs and the passage of the FIT21 crypto bill suggest a shift in the Biden Administrationâs stance on crypto, following former President Trumpâs pledge to support the industry and foster a business-friendly environment in the US. The approval comes just five months after the SEC gave the green light to 11 spot Bitcoin ETFs, marking a significant shift in the regulatory landscape for crypto in the US. $ETH #ETH #Ethereum #SEC #ETF
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đ Bitcoin Price Hits Below $67,000: Major Bearish Analyst il Capo Shares What to Expect Next Il Capo of Crypto, one of the most well-known cryptocurrency analysts, evaluated the Bitcoin price, which fell below $ 67,000, in his statement. BTC price experienced a pullback during the hours when the decision for Ethereum Spot ETFs was awaited. Bitcoin dropped to $66,770 on the cryptocurrency exchange Binance. The fate of Ethereum Spot ETFs is expected to be determined around 23:30 Turkish time (UTC+3). However, il Capo said that after the bounce after $65,000, it hit its target between $69,000 and $70,000 and is currently experiencing a decline. Currently, the range between $66,500 and $67,000 is acting as support and forming a higher bottom. If these levels manage to hold, the possibility of an attack to the previous all-time high price level will increase and the secondary target of $74,000 to $76,000 can be achieved, il Capo said. The analyst noted that this is his main scenario. However, the analyst said that if these support levels do not hold, at least the $ 65,000 level will be tested and the Ethereum Spot ETF decision will also play a key role in this process. $BTC #BTC #Bitcoin
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đ„ł Congratulations, SEC Approves All Spot Ethereum ETFs âŒïž #ETH #Ethereum #ETF
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21,000 BTC and 350,000 ETH Options Set to Expire, Market Sentiment Diverges
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