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🔥🔥🔥 Daily Market Review: $BTC , $ETH , $TRX , BTT, LTC In today's market session, slight fluctuations in the global market cap are evident, with the total cap standing at $2.36 trillion, reflecting a 0.94% increase over the last 24 hours. - Bitcoin (BTC) continues its consolidation phase, displaying a falling wedge pattern on price charts, typically seen as bullish. Currently priced at $63,001, BTC shows a 2.05% decrease from its previous 24-hour value, with the Relative Strength Index (RSI) hovering near the 40 level. - Ethereum (ETH) also experiences consolidation, positioned near the middle band on price charts and currently valued at $3,121, reflecting a 0.5% decrease from its previous 24-hour price. - Tron (TRX) emerges as today's top gainer, with bullish momentum evidenced by its price trending above the green Supertrend line. Priced at $0.1205, TRX reflects a 3% decrease. - BitTorrent (BTT) demonstrates gains, with intertwined Alligator lines indicating a sideways market. Currently priced at $0.000001341, BTT shows a 0.44% decrease. - Litecoin (LTC) showcases impressive performance, fluctuating around the cloud and currently valued at $86.42, representing a 1.3% decrease from its previous 24-hour price. Source - blockchainreporter.net #CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks #MarketUpdate

🔥🔥🔥 Daily Market Review: $BTC , $ETH , $TRX , BTT, LTC

In today's market session, slight fluctuations in the global market cap are evident, with the total cap standing at $2.36 trillion, reflecting a 0.94% increase over the last 24 hours.

- Bitcoin (BTC) continues its consolidation phase, displaying a falling wedge pattern on price charts, typically seen as bullish.

Currently priced at $63,001, BTC shows a 2.05% decrease from its previous 24-hour value, with the Relative Strength Index (RSI) hovering near the 40 level.

- Ethereum (ETH) also experiences consolidation, positioned near the middle band on price charts and currently valued at $3,121, reflecting a 0.5% decrease from its previous 24-hour price.

- Tron (TRX) emerges as today's top gainer, with bullish momentum evidenced by its price trending above the green Supertrend line. Priced at $0.1205, TRX reflects a 3% decrease.

- BitTorrent (BTT) demonstrates gains, with intertwined Alligator lines indicating a sideways market. Currently priced at $0.000001341, BTT shows a 0.44% decrease.

- Litecoin (LTC) showcases impressive performance, fluctuating around the cloud and currently valued at $86.42, representing a 1.3% decrease from its previous 24-hour price.

Source - blockchainreporter.net

#CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks #MarketUpdate

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👉👉👉 Market Analyst Says #shibaInu Second Leg Coming with Likely 409% Surge to $0.000125 Shiba Inu ($SHIB ) finds itself amidst bearish pressure as investors show a preference for selling rather than accumulating, signaling potential further declines for the meme coin. Current #marketsentiment is reflected in the formation of red candlesticks on SHIB's daily chart, indicating a lack of bullish activity among investors. Notably, the dominance of whale holders in the SHIB ecosystem has led to a slowdown in token accumulation. Over the past two months, top whale addresses have withdrawn approximately 13 trillion SHIB, equivalent to around $328 million. This trend suggests that SHIB holders lack the motivation to accumulate the token, potentially hindering any recovery efforts supported by #whale 🐳🐳🐳activity. Compounding the bearish outlook, retail investors appear hesitant to adopt an optimistic stance. Analysis of active addresses reveals that only about 21% of investors conducting transactions on the network are currently profiting. This trend suggests that many SHIB holders may be inclined to sell their holdings amid declining prices to mitigate losses, contributing to further downward pressure. Looking ahead, Shiba Inu's price trajectory is expected to remain within a descending channel that has persisted for the past month and a half. Failure to breach the upper trend line reinforces this pattern, indicating a potential retest of the lower trend line as support. In this scenario, SHIB's price could target a drawdown to approximately $0.00002039. However, a potential rebound could occur if SHIB manages to bounce off the support level at $0.00002268. Breaking above the upper trend line would invalidate the bearish outlook, potentially propelling Shiba Inu's price towards $0.00002835. Source - beincrypto.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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Bitcoin Under Pressure But 🐳🐳🐳 Hold Over $331 Billion Of $BTC : A Sign To Buy? Recent on-chain data presents a contradictory narrative amid Bitcoin's struggle to break free from a tight trading range. Analyst insights reveal significant accumulation of Bitcoin by whales, who collectively hold over 5.1 million BTC valued at $331 billion. This ongoing accumulation contradicts prevailing market weakness and doubts about further declines. Bitcoin faces resistance at $73,800 and support at $60,000, struggling to breach the $70,000 mark post-Halving event. Despite overall market confidence, the #cryptocurrency lacks sustained upward momentum since April 21 and 22, indicating underlying fragility. A potential breakout looms if Bitcoin surpasses the middle Bollinger Band, backed by positive fundamental developments, propelling the coin to fresh all-time highs. Conversely, renewed selling pressure could trigger lower lows, potentially breaching April 2023 lows. Panic selling on major exchanges like #Binance and OKX, with a combined total of 5,137 BTC sold at a loss, coincides with a gradual price decline. Substantial outflows from ARKB, a spot #BitcoinETF , and other spot ETF issuers further reflect investor caution. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareBTC
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🔥🔥🔥 #shibaInu Coin Price Forecast As Shibarium Upgrades Roll Out, Is This The Road $0.0001? Shiba Inu Coin (SHIB), a prominent meme coin, is currently experiencing a notable downtrend, mirroring the broader volatility in the #cryptocurrency market. Currently priced at $0.0000252, it reflects a 2.33% decline, signaling bearish momentum amidst fluctuating market conditions. In the past 24 hours, SHIB's trading volume decreased by 10% to $661.23 million, while its market capitalization also dropped by 2.33% to $14.85 billion, maintaining its position as the 11th largest cryptocurrency. Despite a 10% increase over the last week, SHIB has witnessed a 16% decline over the past month from its peak of $0.000035, indicating a downward trend. Shibarium Project Update: Enhancing Performance and Scalability - The development team announced an upcoming hard fork for the #Shibarium project set to launch on May 2. This update, targeting the Ethereum-based layer-2 solution, promises significant advancements, including improved block processing speeds and stable transaction fees, addressing user concerns and aiming for a smoother experience within the Shibarium ecosystem. Technical Analysis: Potential Price Movements for $SHIB - SHIB currently faces significant resistance at $0.000026. A breach of this level could drive the coin's value towards $0.00003, potentially leading to a rally up to $0.00005. Conversely, strengthening bearish sentiment may see SHIB retreat to its support level at $0.000024, with further negative shifts pushing it towards $0.00002 or lower. Analysis of the Bollinger Bands indicates SHIB trading within a narrow range, with potential resistance at 0.00002986 and support at 0.00002520. The Relative Strength Index (RSI) at 49.04 suggests a neutral trend, while the Average Directional Index (ADX) at 18.21 indicates weak trend strength. Source - coingape.com #BinanceSquareTalks #CryptoNews🔒📰🚫
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#Bitcoinprice Chops Either Side of $64,000 Following Latest US Inflation Report – Here’s What You Need To Know The Bitcoin price remained around $64,000 on Friday after the latest US inflation data showed a 0.3% MoM increase in the Core PCE index for March, exceeding the Fed's 2% target. This translates to an annualized rate of approximately 3.6%, indicating persistently high inflation. Elevated housing and utility inflation could prompt the Fed to maintain higher interest rates for longer, presenting a near-term headwind for Bitcoin. Despite a slowdown in the US economy, the Fed is expected to remain cautious regarding rate cuts until weakness translates into lower inflation, posing a continued headwind for Bitcoin. Bitcoin is consolidating near the lower end of its range between $60,000 and $74,000. Stablecoin growth remains robust, signaling continued strong inflows into the crypto market, which could support Bitcoin's price. However, any weakness in #stablecoin growth could pose downside risk for Bitcoin, potentially leading to a breach of range lows around $60,000 and further decline towards support at $53,000. In the long term, Bitcoin's bullish thesis remains intact, driven by factors like the recent halving and increasing adoption in traditional finance and investment through #ETFs . Additionally, macroeconomic factors such as global currency debasement and the narrative of Bitcoin as "digital gold" support its long-term growth trajectory. Technological advancements are enhancing Bitcoin's utility and accessibility, reinforcing its long-term outlook. Bitcoin is anticipated to challenge the $100,000 mark sometime between 2024 and 2025. Source - cryptonews.com #CryptoNews🔒📰🚫 #BinanceSquareBTC $BTC
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$NEAR Protocol Soars 7.3%, Is It Poised To Go Higher? In the midst of the ongoing crypto bull run, NEAR Protocol (NEAR) is gaining momentum with significant partnerships and advancements, prompting speculation of a potential surge. NEAR's Performance and Analyst Predictions: - Crypto analysts note a bullish flag pattern forming on NEAR's monthly chart, suggesting a potential 60-65% surge if a breakout occurs. NEAR briefly surpassed the $7.50 mark before retracing, but analysts remain optimistic, anticipating a move towards $14-$15 if it maintains its position above $7.00. - Analyst Bluntz highlights NEAR as one of the top performers among #cryptocurrencies , observing an ABC zigzag pattern followed by an ongoing impulse wave pattern. With NEAR breaking out of the $7.00 resistance, Bluntz considers it a market leader. Expansion and Collaborations: - NEAR Protocol prioritizes performance, #Security , and scalability, boasting a TVL of $309 million and doubling since Q4 2023. Recent integrations with NodeKit and TrueZK, along with partnerships with Colombian fintech Lulo X and Peersyst Technology, illustrate NEAR's commitment to expanding financial possibilities. Impressive Performance Amid Bull Run: - Despite a 6.25% decline from its #ATH , NEAR has surged by over 146% in the last three months. Daily trading volume and market capitalization have also seen significant increases, with NEAR trading at $7.2, reflecting a 7.3% increase in the last 24 hours and a 26% rise in the past week. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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