📈📉 First Mover Americas: Bitcoin Regains $66K Following Bullish ETF Data📈📉
➡️The latest price moves in crypto markets in context for May 17, 2024. Bitcoin (BTC) rose to past $66,000 early Friday, reversing Thursday's pullback below $65,000. At the time of writing, it was priced around $66,440, 0.4% higher than 24 hours ago, while the CoinDesk 20 Index (CD20), which offers a measurement of the wider digital asset market, was up about 1.4%. Inflows into spot bitcoin ETFs turned positive again this week, recording additions for four consecutive days. This week has also seen numerous big-name institutional players disclose sizable BTC ETF holdings. Morgan Stanley, for example, revealed a $269.9 million investment in Grayscale's GBTC yesterday. Ether may have underperformed other major digital assets this year, but Coinbase says it had potential to surprise to the upside. Ether does not have significant sources of supply side overhangs, the exchange said in a research report this week. "To the contrary, both staking and layer 2 growth have proven to be meaningful and growing sinks of ETH Liquidity," wrote analyst David Han. "ETH's position as the center of DeFi is also unlikely to be displaced in our view due to the widespread adoption of the EVM and its layer 2 innovations." Coinbase also noted that the potential of spot U.S. ETH ETFs being approved cannot be The Fantom blockchain's FTM is one of the best-performing non-meme tokens of the past week as the market looks favorably on the roll-out of its Sonic upgrade and increases in the total value locked on the protocol. FTM has gained 13% in the past seven days to about 81 cents, according to CoinDesk Indices data, while the CD20 is just 1.5% higher. In the past few weeks, the Fantom Foundation has been pushing Sonic, its latest upgrade, which is expected to boost transaction speeds to 2,000 transactions per second with a 1.1-second finality. That compares with just over 2.5 TPS during the past month, on-chain data shows.#Btcpricealert #ETH_Market_Update
📈 Major Bullish Statement About Shibarium Coins Issued by SHIB Team Rep📈
➡️ The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on the X social media platform (formerly known as Twitter) to issue an announcement about the SHIB, BONE and LEASH price behavior she expects to see during a hypothetical approaching altcoin season. She explained, for crypto beginners, what an alt season is and revealed the main drivers that cause it to happen. Lucie believes that it is “a fantastic opportunity” for Shibarium, its main coins SHIB, BONE and LEASH, and for the Shib army as well. Alt season explained to SHIB army Bitcoin As it happens, the unique features of Shibarium can attract the attention of a wider cryptocurrency community and its adoption would enhance the ecosystem. A higher trading volume of Shibarium tokens would ensure an increase in liquidity, and trading these tokens would become easier. Lucie assured the community that an alt season is not only about taking profits off the table, but it is also “a chance to showcase #Shibarium’s potential and cement its place in the crypto world.” Here's when Lucie expects alt season to happen Once investors holding Bitcoin see it surging to new highs, they begin to sell to lock in profits. Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins – they are cheaper to get and promise bigger potential profits. They also begin to look for a cryptocurrency with major potential in the near future. Altcoin prices begin to surge, surpassing Bitcoin’s growth.
Sealanaは、ソラナ海の深みに飛び込んだふっくらとしたアザラシです。PCに縛られ、日に日に大きくなっているSealanaは、かつてのスリムな体型を捨て、チップスとツナ缶のトレーダーの食事に身を投じています。次の有名なソラナミームコインを発掘することに執着しているため、彼のひれは狂乱状態です。サウスパークのWorld of Warcraftの男からインスピレーションを得たSealanaは、「ウォレットに送信」スタイルのプレセールを備えた最新のSOLミームコインです。これは、2024年3月に数週間で大きな利益を上げたバイラルSLERFトークンのメーカーによるものだと噂されています。ユーザーは、Webサイトのウィジェットを介して$SEALを取得するか、プレセールウォレットに直接SOLを送信することができます。プレセール終了後、参加者はトークンのエアドロップを受け取ります。
🔵 The crypto prices today suffered from a bearish trend as Bitcoin failed to sustain the $62,000 mark while Ethereum and several other altcoins plunged, however, Pepe Coin emerged as the top gainer despite the market downturn. The top crypto prices today registered a decline as the Bitcoin (BTC) price extended lower than the $62,000 mark. Moreover, the Ethereum (ETH price struggled to sustain above the $2,900 level. In addition, other top altcoins, such as Solana (SOL), XRP, Cardano (ADA) also noted a significant drop.
1. Bitcoin Price The Bitcoin price dropped 0.95%, reaching $61,909.06 at the time of writing on Wednesday, May 15. On the other hand, it’s trading volume slumped 5.31% to $26.27 billion in the last 24 hours. Whilst, the crypto’s market capitalization stood at $1.21 trillion.
2. Ethereum Price The Ethereum price dipped 1.12% to $2,905.97 at press time with a market valuation of $346.58 billion. Whilst, ETH saw its trading volume fell 1.14%, reaching $12.09 billion.
3. Solana Price The Solana price distanced from the $150 level amid the declines today. The Solana price slumped 2.68%, settling at $143.90. In contrast, SOL witnessed a 6.75% hike in trade volume to $2.47 billion in the last 24 hours.
4. XRP Price Whilst, the XRP price inched closer to drop below the $0.50 mark again. The XRP price recorded a drop of 0.89%, reaching $0.502. On the other hand, XRP’s trading volume shot up by 25.49% to $1.06 billion.
5. Cardano Price Meanwhile, the Cardano crypto price was down 1.81% to $0.4289 today. Whilst, ADA recorded a slump of 19.33% in its 24-hour trading volume, settling at $290.99 million.
6. Dogecoin & Shiba Inu Price The Dogecoin price plunged 3.04% to $0.1464 while its rival, Shiba Inu price tumbled 2.20% and traded at $0.00002305.
📰 ‼️Why Bitcoin BTC Price Is Falling Suddenly, How Low It Can Go?‼️ #BTC❓ #Btcpricealert
➡️ Bitcoin price started falling and paring earlier gains after new macroeconomic data, signaled that macro factors are key drivers of the Bitcoin price currently. And as PPI, CPI, and Fed Chair Jerome Powell’s speech are due this week, BTC price is likely to remain under pressure and volatile.
The latest pullback in BTC price was a result of US consumer inflation expectations data. The inflation expectations for the year ahead came at 3.3%, the highest since November, from 3% in each of the previous four months. Moreover, the inflation expectations for five-year horizon increased to 2.8% from 2.6%.
CoinGape recently reported University of Michigan consumer sentiment data caused BTC price to tumble below $61,000 as inflation expectations for the year ahead rose to 3.5% and the five-year inflation outlook hit 3.1% from 3.0%.
✅ Crypto Market Saw Over $210 Million Liquidation ➡️ Coinglass data shows more than $212 million were liquidated across the crypto market in the last 24 hours. Among this, $132 million long positions were liquidated and nearly $80 million short positions were liquidated. Most of the liquidation happened in the last hour, which was recorded at over $50 million.
Over 90K traders were liquidated and the largest single liquidation order happened on crypto exchange Binance as someone sold ETH for BTC valued at $3.98 million. This was an interesting move by an investor or a whale.
price fell more than 1% in a few hours to $62,566. The 24-hour low and high are $60,769 and $63,422, respectively. The prices are likely to maintain the weak momentum and fall to support at $62,000.
Popular analyst Ali Martinez predicts a retrace toward $62,000 as Bitcoin is facing rejection by the 200-EMA on the 4-hour chart.
However, BTC will continue its upward trajectory if the candlestick closes above $64,000.
✅ Top AI tokens bleed despite reports of Apple closing deal to use OpenAI features✅
➡️ Technology giant Apple Inc. has reportedly reached an agreement with Artificial Intelligence (AI) firm OpenAI to include the latter’s tech in the next iPhone. Bloomberg reported that the two parts have likely finalized the terms for OpenAI’s application in Apple’s iOS 18.
‼️ Apple embraces AI tech from OpenAI‼️
➡️ Apple and OpenAI have been in talks for a pact to use the latter’s AI features in the next iPhone operating system. Bloomberg’s report cites that Apple’s agreement with OpenAI is part of the technology giant’s push to bring AI features to its devices and that the firm has previously held talks with Google regarding the Gemini chatbot. The talks regarding Gemini are likely still ongoing, while the firm finalizes its agreement with Sam Altman-led OpenAI.
🔵Why does this matter to AI token narrative?
➡️ OpenAI is headed by Sam Altman, who is also in charge of the token Worldcoin (WLD). There is news of partnership talks between OpenAI and Altman’s Worldcoin project. Bloomberg reported that negotiation is ongoing for a partnership that would see the AI firm provide its solutions and services to the Worldcoin project, and explore synergies.
Worldcoin’s WLD token is trading at $5.89, up 0.8% in the last 24 hours. Meanwhile, the top 30 cryptocurrencies ranked by market capitalization in the AI sector have noted a decline in their prices in the last 24 hours. Prices of AI crypto tokens have surged previously in response to the developments in the sector.
‼️ What’s Happening With Ethereum Price Today: May 13, 2024?‼️ #ETH_Market_Update
➡️ Ethereum price has gone through a rollercoaster in the last few weeks as the price has witnessed multiple ups and downs. The second biggest cryptocurrency, Ethereum, has declined more than 11% in a month, 9.31% in a week, and almost 2% drop in the last 24 hours. So, what’s happening with the Ethereum price? Will there be recovery anytime soon? Let us discuss that in this blog.
🔵 Ethereum Price Analysis
➡️ Ethereum price has declined continuously in the last few days following the crypto market decline. At the time of writing, Ethereum is trading at $2,892.53, the lowest value in two months. However, the trading volume has witnessed a 35% upsurge, pushing the value to $8,291,166,546. It is because of the current whale interaction on the network which has interfered with the Ethereum holder’s sentiments. As per the Spot On Chain data, a single whale has deposited 4,153 ETH worth $12.2 million ETH tokens on the Coinbase exchange. As a result, Ethereum is in a selling zone where its MACD and exponential moving averages indicate selling pressure on the token.
🔵 Will Ethereum Price Recover Anytime Soon?
➡️ As the overall market is down, Bitcoin price has also slipped to $60K from $63K. Seeing a momentary price drop in Ethereum isn’t big. However, a few analysts have spoken of the possibility of Ethereum dropping to the low of $2500.
Benjamin Cowen, a crypto analyst, has been monitoring the ETH price against the BTC and has continuously spoken of Ethereum being bearish for a long now. He believes Ethereum might go down and settle around the April 2021 level of $2500.
📰 Billionaire Mark Cuban: US SEC Should Learn from Japan on Crypto Regulations. #MarkCuban #Crypto
➡️ Billionaire Mark Cuban has been recently vocal about his support for digital assets while lashing out at the U.S. Securities and Exchange Commission (SEC) on handling crypto regulations. He said that the current Biden administration and the SEC need to learn from Japan about how to handle crypto regulations.
✅ SEC Should Take A Cue from Japan On Crypto Regulations
➡️ Entrepreneur and investor Mark Cuban has directed a plea to U.S. lawmakers, urging them to take inspiration from Japan’s regulatory approach to cryptocurrency. In a series of tweets addressed to Senate and House Democrats, Cuban questioned why Japan fully supports cryptocurrency while the U.S. Securities and Exchange Commission (SEC) imposes stringent regulations, making it challenging for crypto businesses to thrive domestically.
Cuban emphasized the global significance of cryptocurrency, expressing concern that the United States risks falling behind by stifling innovation in this sector. He highlighted Japan’s proactive measures in reducing fraud and suggested that aligning with similar regulatory principles could benefit the U.S. market.
Furthermore, Cuban criticized the SEC for what he perceives as institutional shortcomings, arguing that the regulatory body’s failures extend beyond the realm of cryptocurrency. He pointed out discrepancies in the SEC’s handling of traditional stock markets, citing instances of fraud and institutional lapses.
Cuban’s remarks underscore the importance of regulatory clarity and support for technological advancements to foster a thriving ecosystem of innovation and investment.
🇯🇵 Japan to Benefits From Crypto Innovation
➡️Currently, Japan has approved cryptocurrency trading for 65 tokens. One of Mark Cuban’s followers asked him as to which of these tokens led to a breakthrough application. He also said that Japan was home to one of the biggest bankruptcies in crypto, the Mt. Gox collapse.