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🗣️ The most rising coins in social interest to start the week are: $BTC: Bulls and bears battling at $70K level, and Bitcoin's market cap ($1.377T) being compared to Apple's ($2.998T) $ADA: Smart contract NFT's, comparison to Ethereum, growing Cardano network decentralization

🗣️ The most rising coins in social interest to start the week are: $BTC: Bulls and bears battling at $70K level, and Bitcoin's market cap ($1.377T) being compared to Apple's ($2.998T) $ADA: Smart contract NFT's, comparison to Ethereum, growing Cardano network decentralization

#Bitcoin
#Ethereum
#Cardano
Felelősségkorlátozó nyilatkozat: Harmadik felek véleményét tartalmazza. Nem minősül pénzügyi tanácsnak. Szponzorált elemet tartalmazhat. Lásd a Feltételeket.
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🧑‍💼🇺🇸 The May 2024 Consumer Price Index (CPI) report is scheduled to be released tomorrow (June 12th) at 12:30pm UTC (11 hours from now). Current experts expect a 3.4% YoY or 0.3% MoM increase... 🐂 If lower, it's a signal that inflation is slowing, increasing the likelihood of crypto rising. 🐻 If higher, it's a signal that inflation is still a concern, increasing the likelihood of crypto dropping.
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📊 Bitcoin ETF volume has jumped to its highest level since May 15th, according to data from the top 7 largest ETF's. When these volume spikes occur, there is more of a chance of prices making a turnaround. This latest spike was likely a dip buy reaction. Do you expect a bounce?
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📊 DeFi liquidations are still notably absent. Historically, when Aave and Compound liquidations spike like we see on these charts, it is followed immediately by market rebounds due to the immediate forced selling followed by opportunistic buying from key stakeholders. Bullish traders await these liquidations as a sign that $BTC can quickly rebound back to $70K and $ETH back to $4K, respectively.
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📉🫢 Bitcoin's dip below $67K has ramped up the amount of buy calls (in blue) on social media. Historically, when the amount of sell calls (in red) is closing the gap on buy calls, that is when the panic and FUD is setting in, and most commonly leads to crypto bounces.
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⚡️ Litecoin has averaged ~704K unique addresses interacting on the network over the past week after averaging ~345K addresses throughout May. The network more than doubling in active addresses, along with its RSI well into an opportunity zone, may be foreshadowing an $LTC bounce.
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