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🚀🚀🚀Bitcoin price drops lowest since $73K top, yet uptrend maintains🚀🚀🚀 Bitcoin has fallen 15% from its March 14 all-time high of $73,777 to $61K. BTC fell 20% after its ATH, the steepest closing decline since FTX lows in November 2022. Bitcoin consolidates in a falling wedge amid a persistent macro rise. Trump said "Biden doesn't even know what" crypto is, asking pro-crypto voters to vote for him. A vertical chop has lowered Bitcoin (BTC) prices since mid-March. Analysts believe the upswing is resilient despite the setback. Also Read: Bitcoin price declines, but 100-1000 BTC holders buy up Daily market digest: Bitcoin rally stays resilient Bitcoin price has been trading at lower highs since its all-time high on March 14 at $73,777. This dump dropped 23% to the May 2 intraday low when BTC bottomed at $56,911. As US presidential election campaigns heat up, former President Donald Trump is using crypto and digital assets to gain supporters from this growing industry. He recently said, “Biden doesn't even know what" crypto is, suggesting, “If you're in support of crypto, you best vote for Trump.” Trump embraced crypto and said that he would accept bitcoin campaign contributions to end US crypto animosity. Bullish signals occur when the price breaks above the falling wedge pattern's top trendline. This breakout indicates buying pressure and a possible trend reversal or uptrend. This breakout may indicate a buy or long position for traders. Bitcoin price remains in the upper area of the Bollinger Bands indicator, far above the centerline (a Simple Moving Average) tracking the price from below at $56,718. This confirms bullish momentum. Price volatility is modest due to its near to the SMA. Bitcoin's immediate support is the $61,452 Smooth Moving Average (SMMA). Bitcoin's upward potential is increased by this support level. As previously stated by FXStreet, the falling wedge pattern's profit objective is 20% above breakout point to $71,116. Bitcoin may reclaim $73,777 in a positive scenario. #CryptoWatchMay2024 #BTC $BTC

🚀🚀🚀Bitcoin price drops lowest since $73K top, yet uptrend maintains🚀🚀🚀

Bitcoin has fallen 15% from its March 14 all-time high of $73,777 to $61K.

BTC fell 20% after its ATH, the steepest closing decline since FTX lows in November 2022.

Bitcoin consolidates in a falling wedge amid a persistent macro rise.

Trump said "Biden doesn't even know what" crypto is, asking pro-crypto voters to vote for him.

A vertical chop has lowered Bitcoin (BTC) prices since mid-March. Analysts believe the upswing is resilient despite the setback.

Also Read: Bitcoin price declines, but 100-1000 BTC holders buy up

Daily market digest: Bitcoin rally stays resilient

Bitcoin price has been trading at lower highs since its all-time high on March 14 at $73,777. This dump dropped 23% to the May 2 intraday low when BTC bottomed at $56,911.

As US presidential election campaigns heat up, former President Donald Trump is using crypto and digital assets to gain supporters from this growing industry. He recently said, “Biden doesn't even know what" crypto is, suggesting, “If you're in support of crypto, you best vote for Trump.”

Trump embraced crypto and said that he would accept bitcoin campaign contributions to end US crypto animosity.

Bullish signals occur when the price breaks above the falling wedge pattern's top trendline. This breakout indicates buying pressure and a possible trend reversal or uptrend. This breakout may indicate a buy or long position for traders.

Bitcoin price remains in the upper area of the Bollinger Bands indicator, far above the centerline (a Simple Moving Average) tracking the price from below at $56,718. This confirms bullish momentum. Price volatility is modest due to its near to the SMA.

Bitcoin's immediate support is the $61,452 Smooth Moving Average (SMMA). Bitcoin's upward potential is increased by this support level.

As previously stated by FXStreet, the falling wedge pattern's profit objective is 20% above breakout point to $71,116. Bitcoin may reclaim $73,777 in a positive scenario.

#CryptoWatchMay2024 #BTC $BTC

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The plan to burn more than 15.2 billion tokens is now being voted on, and FLOKI is up 9% on Tuesday Voting on FLOKI DAO's plan to burn more than 15.2 billion tokens has begun. More than ninety-nine percent of voters are in favor of the proposition. On Tuesday, FLOKI rose to $0.0001937, a 9% increase for the day. Presently, FLOKI holders are debating whether or not to burn more than 15.24 billion tokens; the event has 99% support. On Binance, the meme currency surged by 9 percent during the day. The team's ongoing endeavor to mandate decentralization in FLOKI's governance includes the burn proposal. AVOID burn suggestion is now being voted on by FLOKI DAO. This parody currency, FLOKI, was mentioned in an official tweet by Elon Musk's AI project Grok, where it was trending. The plan to burn more than 15.24 billion tokens, valued at roughly $3 million, is perhaps why FLOKI is relevant among traders. Burning tokens lowers the supply of the asset in circulation, which is usually seen as a positive sign for the asset's value. Three burn proposals have already been voted on by the community: one in February involving 190.91 billion FLOKI, and two in January 2023 and July 2022 involving 4.97 trillion tokens. Every time, the FLOKI DAO members quickly reduced the meme coin's supply by deciding on a burn and then carrying it out. As seen in the snapshot, the plan has received affirmative votes from more than 99 percent of the voters. You have until May 16 to cast your ballot. There is harmony between the idea with the DAO's goal of openness. The current price of FLOKI on Binance is $0.000199, representing an almost 9% increase on Tuesday. FLOKI spiked earlier in the day to $0.000205 before tumbling to $0.000199. #Memecoins #FLOKI $FLOKI #altcoins
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Pepe Coin Price Prediction: Can PEPE 100x From Here? PEPE Coin has reached a new all-time high of $0.00001039, up 19% today. The return of famed meme-stock trader Roaring Kitty to X has helped the meme token's price rise 23% in a week and 92% in a month. PEPE has risen 440% in a year, giving it ample momentum to keep growing. If Roaring Kitty's reappearance sparks a meme token bull run, it might breach its ATH in the coming days. Pepe Coin Price Prediction: Can PEPE 100x From Here? With its 30-day average (orange) ahead of its 200-day (blue), PEPE's indications are optimistic. Its relative strength index (purple) rose over 80 yesterday evening and has since dropped, but it remains strong. The momentum is still there, and PEPE's rising resistance (red) and support (green) levels suggest additional increases. Whales have been purchasing PEPE in the last day, showing an anticipation that it will continue to rise. since the tweet below illustrates, PEPE has witnessed huge purchases during its current run, which is positive since whales may stay onto the token longer. Keith Gill's reappearance as Roaring Kitty, who spearheaded the 2021 GameStop rally and the meme-stocks campaign, is also favorable. His reappearance may reenergize that movement, helping meme tokens like PEPE rise. Retail investors should be aware that Gill's comeback doesn't guarantee a new GameStops phenomenon in the coming months. PEPE reached a new all-time high today, therefore traders should be aware that it may fall before rising again. Since PEPE has dropped 3% in the past hour, they may opt to wait till a downturn before buying. The Pepe Coin price might hit $0.000011 or $0.000012 in a week after this modest adjustment. #Memecoins #pepe #altcoins $PEPE
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⭐⭐Explain ALT Restaked Rollup and Launchpool's Token Economic Mechanism and Technical Innovation⭐⭐ Token economic models and blockchain technology have taken a giant stride forward with the ALT Restaked Rollup and Launchpool innovation, which aims to improve security and scalability. The idea of Restaked Rollups—designed with modularity, crypto-economic security, and interoperability—is central to this breakthrough. Because of this, they are very flexible and may be used in many blockchain ecosystems; they are compatible with different rollup stacks, alternate data availability levels, and settlement layers. Restaked Rollups have revolutionized the blockchain industry by enabling the development of personalized rollups that address particular demands, whether they are related to general use or specialized applications. An essential component of any secure and interoperable system is a decentralized network of verifiers; the ALT project uses the Restaked Rollups idea to provide just that. In ecosystems that are still in their early stages or in the emerging class of optimistic patterns in Ethereum smart contracts, where efficient and secure operations are of the utmost importance, this is very helpful. In addition, there is a new way to distribute tokens and hold stakes in the ALT token economic model. Users may stake their BNB and FDUSD into several pools using the Binance Launchpool in order to farm ALT tokens. This guarantees a fair and equal allocation system while also encouraging community engagement. A wide variety of modular services, coupled with support for several chains and virtual machines, demonstrate a thorough comprehension of the varied requirements of the blockchain community. It is possible that the ALT project's goal of a global network of thousands of purpose-built rollups, backed by an impartial and universal protocol, will have a major impact on the development and widespread use of blockchain technology. #ALTrestaking #ALT $ALT #altcoins #BinanceLaunchpool
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Ripple files move to seal remedies-related papers, XRP rises beyond $0.50. Ripple sealed SEC records in its application for judgment and remedies on May 13. SEC has claimed it did not oppose Ripple's request to seal papers. XRP rose 0.51% over $0.50 on Tuesday. The money remittance service filed a move to narrowly seal remedies-phase records in the SEC action against Ripple. In its May 13 application, Ripple says that the SEC has previously said that it does not oppose the firm's request to seal records in the remedies phase and safeguard affected parties. Ripple requested narrowly targeted redactions to the remedies motion briefs and related documents before the Omnibus letter filing date of May 13. According to the complaint, Ripple wants to redact information that might affect the payment remittance provider, innocent third parties, and non-party workers. The business wants modest redaction of its audited financial statements and associated documentation. The cross-border payment remittance service claims its certified financial documents show its long-term strategies, income streams, and spending structures to rivals and consumers. Therefore, the corporation requests modest redactions to safeguard its interests. Weekly, XRP/USDT is negative. Ripple overcame $0.50 resistance, but it faces resistance above $0.50. Red histogram bars below the neutral line on the weekly Moving Average Convergence Divergence (MACD) indicator indicate negative XRP price momentum. Weekly, XRP might sweep liquidity at $0.4784, the April 29 low. RSI is 43.35 with no notable divergence. The cryptocurrency might rise over 5% to $0.5294 on Ripple's 1-day XRP/USDT chart. After breaching over $0.5015 on Monday, XRP has found support. Ripple's 23.6% Fibonacci retracement from its March 11 high of $0.7429 and April 13 low of $0.4269 is $0.5015. RSI is below 50, with no lower-timeframe divergence. #BTC #XRP #Ripple #sec #altcoins $XRP
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💰💰💰BounceBit: Restoring the CeDeFi infrastructure and building Bitcoin It would seem that "bounceBit" is an initiative pertaining to Bitcoin restaking that intends to provide a certain setting for the execution of Bitcoin smart contracts. This paper presents the concept of the App Store and BounceBox, which enable users to launch their own decentralized apps inside the Bitcoin ecosystem. Staking BounceBit and Bitcoin tokens secures the network, which combines the best features of decentralized and centralized finance by providing access to funding rate arbitrage and on-chain certificates for restaking and mining. Following Binance's announcement of expanding support for the BB crypto, the project's price soared by more than 90% in a single day, indicating its growing popularity. A total of $259.94 million worth of BounceBit was exchanged as the price surged to $0.5463. The mainnet launch and a slew of significant listing announcements have driven prices and interest soaring, indicating that people are optimistic about the project. In addition, the BounceBit App Store is a part of the BounceBit ecosystem; it provides a wide variety of DeFi, social, and gaming capabilities that the club owner may use to make the club more enjoyable for everyone. Additionally, it has a novel dual-token PoS mechanism that uses native BTC security and is fully compatible with EVMs. It also has a hybrid DeFi and CeFi yield mechanism that lets BTC holders earn yields through native validator staking, the DeFi ecosystem, and a CeFi mirroring mechanism that is powered by Mainnet Digital and Ceffu. With over a billion dollars in Total Value Locked (TVL) and over 400,000 early donors, the project has grown substantially since its launch in late January 2024, and it has the support of prominent investors. #BB #bouncebit $BB #altcoins #BTC
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