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📣 DOGE Fan Billionaire Mark Cuban Responds to Dogecoin Founder's Confession on X Billionaire, investor and cohost of the Shark Tank show Mark Cuban has responded to a tweet by Dogecoin cofounder Billy Markus about his major activity on the X social media platform. Markus created the original meme cryptocurrency, Dogecoin, 11 years ago – in 2013. Cuban happens to be one of the top-tier Dogecoin fans. He used to be the principal owner of the Mavericks basketball team, which accepted DOGE for tickets and merchandise. However, in November last year, Cuban sold almost all his stake in the team and now owns only 27% of it for more than $3 billion. In January, during an AMA (“ask me anything”) session on X, Cuban assured that the Mavericks still accept DOGE. The team has been accepting Dogecoin as payment since 2021, being the first ever sports team to accept crypto. Cuban offers supporting hand to DOGE founder A few years prior to that, Cuban was a vocal cryptocurrency critic, who stated that buying bananas makes more sense than buying Bitcoin – at least one can eat the bananas. However, recently, he has been not only a big fan of DOGE but also of Bitcoin, Ethereum and several other top cryptos. Cuban has responded to a recent “confession” by the Dogecoin founder. Billy Markus shared his position on s-posting and complaining on social media, making sort of a confession on that point. 💬 Mark Cuban supported Markus, and they both agreed that “positive trolling” is “never silly.” Positive trolling towards shit posting trolls is never silly 😊 — Mark Cuban The Dogecoin cofounder responded, saying that he does not plan to make any such announcements. He reminded the X user that he had withdrawn from the Dogecoin project more than 10 years ago; both he and Jackson Palmer did that almost immediately after the meme coin was launched. Initially, DOGE was created as a parody of Bitcoin (based on the BTC code), as an alternative cryptocurrency based on the meme dog Kabosu and not at all a serious competitor to Bitcoin. $DOGE #DOGE

📣 DOGE Fan Billionaire Mark Cuban Responds to Dogecoin Founder's Confession on X

Billionaire, investor and cohost of the Shark Tank show Mark Cuban has responded to a tweet by Dogecoin cofounder Billy Markus about his major activity on the X social media platform.

Markus created the original meme cryptocurrency, Dogecoin, 11 years ago – in 2013. Cuban happens to be one of the top-tier Dogecoin fans. He used to be the principal owner of the Mavericks basketball team, which accepted DOGE for tickets and merchandise. However, in November last year, Cuban sold almost all his stake in the team and now owns only 27% of it for more than $3 billion.

In January, during an AMA (“ask me anything”) session on X, Cuban assured that the Mavericks still accept DOGE. The team has been accepting Dogecoin as payment since 2021, being the first ever sports team to accept crypto.

Cuban offers supporting hand to DOGE founder

A few years prior to that, Cuban was a vocal cryptocurrency critic, who stated that buying bananas makes more sense than buying Bitcoin – at least one can eat the bananas. However, recently, he has been not only a big fan of DOGE but also of Bitcoin, Ethereum and several other top cryptos.

Cuban has responded to a recent “confession” by the Dogecoin founder. Billy Markus shared his position on s-posting and complaining on social media, making sort of a confession on that point.

💬 Mark Cuban supported Markus, and they both agreed that “positive trolling” is “never silly.”

Positive trolling towards shit posting trolls is never silly 😊

— Mark Cuban

The Dogecoin cofounder responded, saying that he does not plan to make any such announcements.

He reminded the X user that he had withdrawn from the Dogecoin project more than 10 years ago; both he and Jackson Palmer did that almost immediately after the meme coin was launched.

Initially, DOGE was created as a parody of Bitcoin (based on the BTC code), as an alternative cryptocurrency based on the meme dog Kabosu and not at all a serious competitor to Bitcoin.

$DOGE #DOGE

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📈 Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally BTC climbed to its highest price since April 24, while Solana's SOL and NEAR led crypto gains. Bitcoin could target the $84,000 level with altcoins performing well, Swissblock said. Crypto markets rallied with Wednesday's as softer-than-expected U.S. inflation data jolted digital assets from their stupor. Bitcoin (BTC) surged past $66,000 for the first time since April 24, and was recently up more than 7% over the past 24 hours. Ether (ETH) changed hands near $3,000 but underperformed with a 4% advance during the same period. Solana (SOL) and near (NEAR) led gains among crypto majors with 8% and 12% jumps, respectively, and the broader market benchmark CoinDesk 20 Index (CD20) was up 6%. The rally occurred as April U.S. Consumer Price Index (CPI) figures edged lower from March, coupled with a slightly sluggish retail sales report. The data came as a relief for investors fearing that reaccelerating inflation and a red-hot economy might force the Federal Reserve to walk back its dovish pivot and even consider interest rate hikes. "Investors consider this as a bullish regime shift, as it marks the first decrease in CPI inflation over the last three months," Bitfinex analysts said in a market update. This, together with the Federal Reserve previously announcing its intention to taper the central bank's balance sheet run-off, "is seen as a favorable print for risk assets," Bitfinex added. Looking at traditional markets, U.S. equities also climbed during the day, with the S&P 500 index gaining more than 1% and hitting a fresh all-time high, underscoring the return of risk appetite. Today's bitcoin surge also marked a break-out from a downtrend that capped prices for the last few weeks, Swissblock analysts said in a Telegram update. "BTC [is] finally making the bigger move," Swissblock said. "We have been waiting for the trigger for the release of a larger structure since March high. Today we got that," referring to the CPI and retail sales numbers. $BTC #BTC $SOL $NEAR
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🔥 Experts Spot Shiba Inu’s Triangle Pattern Shiba Inu (SHIB), the meme token, is currently exhibiting a descending triangle pattern, as identified by market analysts. The token is trading near its lower trend line, which is a crucial support level. This pattern typically suggests a continuation of the declining price trend. If the downward momentum persists, SHIB could potentially break below this support, leading to further price decreases. Experts are closely monitoring SHIB’s price movements for any signals of impending breaks below the support line. 🔸 What Does SHIB’s RSI Indicate? Shiba Inu’s relative strength index (RSI) is currently at a neutral level of 50.0, but it has been on a declining trend. A falling RSI might indicate that selling pressure is increasing, potentially surpassing buying pressure among investors. Additionally, the Elder-Ray Index for SHIB has been negative since early April, showing that bearish forces are dominant. The current Elder-Ray Index for SHIB stands at -0.0000017, reinforcing the bearish outlook. 🔸How Could Fibonacci Retracement Affect SHIB? If bearish forces push SHIB below the lower trend line of the descending triangle, Fibonacci Retracement data suggest the token could drop below $0.00002 and potentially trade at $0.000013. Conversely, if market sentiment shifts and bulls take control, SHIB’s price could rise to $0.000027. Despite the decreasing value of SHIB, futures market activity has remained strong, with a notable increase in open futures positions since early May. 🔸 Key Market Observations Several critical insights can be drawn from current market data: SHIB’s RSI declining towards 50.0 indicates increasing selling pressure.The negative Elder-Ray Index points to bearish dominance in the market.Potential price levels identified through Fibonacci Retracement data suggest critical support and resistance zones at $0.00002 and $0.000027, respectively.An increase in open futures positions signals heightened market activity and interest. $SHIB #SHIB
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📈 Why Did Bitcoin (BTC) Price Rally Today? What Can Happen Next? Here’s What Analysts Say Bitcoin experienced its most significant increase since March after the April consumer price index (CPI) was announced, which showed that the inflation rate in the United States had decreased. BTC price increased significantly along with US stocks today. The consumer price index (CPI), a comprehensive measure of the cost of goods and services at the point of sale, rose 0.3% from March, according to a report from the U.S. Department of Labor's Bureau of Labor Statistics. This figure was slightly below Dow Jones' estimate of 0.4%. Despite this, consumer prices continue to increase by 3.4% on an annual basis. Oppenheimer analyst Owen Lau stated that the CPI being slightly lower than expected increases the possibility of an interest rate cut. He noted that interest rate cuts continue to have a strong impact on Bitcoin's price. “After ETFs and the halving, the next big catalyst is a rate cut. Until we see a clearer path for a rate cut, Bitcoin is likely to stick with macro data points and trade alongside them,” he said. According to analysts, the decline in core CPI in the US for the first time in six months may lead to a revival in investors' appetite for riskier assets such as cryptocurrencies. This could lead to an increase in flows into Bitcoin spot ETFs, which have been particularly inactive over the past week, according to 21Shares analyst Leena ElDeeb. However, ElDeeb added a note of caution, saying the recovery could be slow due to ongoing uncertainty regarding interest rate cuts. “Generally, higher interest rates make risky assets such as technology stocks and Bitcoin less attractive, as investors can earn significant returns from safer options such as U.S. bonds,” ElDeeb said. $BTC #BTC #Bitcoin
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⭐️ Ethereum (ETH) Major Metric Signals Huge Rebound, Says Analyst Ethereum (ETH) is on the brink of a substantial recovery, as indicated by prominent crypto analyst Ali Martinez. The analyst’s recent tweet has sent ripples across the digital asset sphere, highlighting a crucial technical indicator that suggests ETH's potential for a notable price upswing. Renowned for his keen observations within the crypto market, Martinez took to X to explain that the TD Sequential of ETH has revealed a buy signal on the daily chart. He noted that this crucial signal indicates the potential for the Ethereum price to experience a rebound spanning one to four candlesticks. 💬 The TD Sequential presents a buy signal on the #Ethereum daily chart! It anticipates that $ETH could see a rebound of one to four candlesticks. This observation comes at a pivotal moment for Ethereum, which has witnessed a tumultuous period characterized by fluctuating prices and market uncertainty. At the time of reporting, ETH’s current price stands at $2,910, marking a marginal decline of 0.01% over the last 24 hours. However, zooming out to a broader perspective reveals a more significant downtrend, with Ethereum plummeting by 10.80% over the past 30 days. This downward price trajectory of ETH has left investors and enthusiasts alike on edge, eagerly awaiting signs of a price reversal. 🔸 Hope for community Martinez's assertion provides a glimmer of hope for Ethereum proponents, suggesting that the cryptocurrency may be poised for a resurgence. The TD Sequential indicator, a technical analysis tool utilized to identify potential trend reversals, has historically proven to be a reliable metric within the crypto space. With its recent alignment in favor of ETH, anticipation for a bullish reversal has intensified among traders and investors. Despite the recent bearish sentiment surrounding Ethereum, the prospect of a rebound underscores the resilience of the digital asset and its underlying blockchain network. #ETH
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