🎯🎯🎯 Bitcoin Price Predictions by AI based on last 13 years price action data: 🔥🔥🔥

Short-term (by end of 2023): 🤏
- Bitcoin to rise from $30,000 to $40,000.
- Factors: Institutional accumulation, positive ecosystem developments, limited downside.

Short-term (early 2024): 🔼
- Bitcoin to reach $50,000-$60,000 pre-halving in April 2024.
- Factors: Halving anticipation, retail investor demand, potential short squeeze.

Medium-term (around 2025): 👀🐮
- Bitcoin ATH $100,000-$150,000.
- Factors: Institutional adoption rising, new products and services development, supportive regulatory clarity, Bitcoin's scarcity, macroeconomic turmoil hedging.

Long-term (post-ATH, possibly end of 2025): 🐻
- Bitcoin to consolidate around $40,000-$50,000.
- Factors: Profit-taking by some investors, increased miner selling, cautious investor attitude.

What you think, let me know in the comments... 🔥🔥😍😍😍

**Remember, this is a prediction and not financial advice. Actual Bitcoin prices may vary due to various factors.

$BTC #CryptoTalks #crypto #BinanceSquare #BinanceTournament

🐕🐾🔥 Shiba Inu: $100 to $1.6 Billions

If you had invested $100 in Shiba Inu at its first opening price and sold it at its all-time high, you would have made over $1.6 billion.👀👀👀

Shiba Inu was launched in August 2020 with an initial price of $0.000000000056. If you had invested $100 at that time, you would have purchased 1.8 trillion #SHIB tokens.
The price of SHIB reached its all-time high of $0.00008845 in October 2021. If you had sold your SHIB tokens at this time, you would have made over $1.6 billion.🚀🚀🚀

This is a staggering return on investment, and it is a testament to the volatility of the cryptocurrency market. However, it is important to note that past performance is not indicative of future results. It is also important to remember that investing in #cryptocurrency is a risky investment, and you should only invest money that you can afford to lose.🔥🔥🔥

Here is a table that summarizes your investment:🐮🐮🐮

Investment Purchase price Sale price Profit
$100 in SHIB $0.000000000056 $0.00008845 $1.6 billion

Please note that this is a hypothetical calculation, and it is not guaranteed that you would have made this much profit if you had actually invested in $SHIB

#crypto #BinanceSquare #TrendingTopic

💥💥💥 #cryptoprices Today July 1: Recovers To $63K, #Altcoinmarket Soars

Today's cryptocurrency prices have sparked a wave of optimism among global market participants. Bitcoin (BTC) surged to $63K, though it slightly dipped below this mark as the day progressed. Ethereum (ETH) mirrored this upswing, reaching $3,400. Other major cryptocurrencies like Solana (SOL), XRP, and various meme coins also saw significant gains over the past day.

The global crypto market cap increased by 4.21% from yesterday, reaching $2.34 trillion. The total crypto market volume saw a substantial 44.92% surge to $49.98 billion.

Top Crypto Prices Today

1. Bitcoin Price

- As of writing, Bitcoin (BTC) is priced at $63,316.81, marking a 4.17% gain over the past day according to CoinMarketCap. The 24-hour low and high for BTC were $60,630.05 and $63,712.78, respectively. Bitcoin’s market dominance rose by 0.19% to 53.57%, with a market cap of $1.25 trillion.

2. Ethereum Price

- Ethereum (ETH) also saw a significant rise, gaining 3.91% over the past day to reach $3,495.66. Its 24-hour low and high were $3,354.51 and $3,516.05, respectively. The anticipation of $ETH ETFs has contributed to this upswing, attracting considerable investor interest.

3. #SolanaPrice

- Solana (SOL) rallied 6.58% to trade at $146.43. Its 24-hour low and high were $137.14 and $148.65, respectively.

4. $XRP Price

- XRP, supported by Ripple Labs, saw a 1.51% increase in value, reaching $0.4782. The token’s 24-hour low and high were $0.4703 and $0.4788, respectively, indicating a tight trading range.

5. #doge⚡ & $SHIB Prices

- In the meme coin sector, Dogecoin (DOGE) gained 4.70% to $0.1264, while Shiba Inu (SHIB) rose 4.55% to $0.00001745. Additionally, Pepe coin (PEPE) saw a significant rally, increasing by 9.40% to reach $0.00001197.

These upward movements in crypto prices reflect growing market confidence and a buoyant investor sentiment.

Source - coingape.com

💥💥💥 Crypto market faces $860M token unlocks in July

Around 40 cryptocurrency projects are preparing for significant token unlocks in July, totaling approximately $860 million in market value. Among the largest releases:

1. Xai (XAI): Plans to unlock 198 million tokens on July 9, valued at $97 million, representing 71.5% of its circulating supply.

2. #Aptos (APT): Unlocks 11.3 million tokens on July 12, valued at nearly $79 million, allocated for foundation, community, and investors.

3. Arbitrum (ARB): Scheduled to release 92.6 million tokens on July 16, valued at $76 million, distributed among team, investors, and advisors.

4. #AltLayer (ALT): Token unlock on July 25 involves 684 million tokens, nearly 45% of circulating supply, valued at around $133 million, for protocol development and incentives.

Other notable unlocks include:

- #io.net (IO): Unlocking 7.5 million tokens on July 1, valued at $26 million.

- Sui (#SUI🔥 ): Releasing 64 million tokens on July 1, valued at $56 million.

- Starknet (STRK): Unlocking 64 million tokens on July 15, valued at $47 million.

Investors anticipate potential price fluctuations due to increased token supply entering the market. Historical data suggests tokens typically rise by an average of 34% post-unlock, but impacts can vary widely. Stay informed to navigate cryptocurrency investments effectively.

Source - cryptobriefing.com

#BinanceSquareTalks

🔥🔥🔥 5 Best Risk/Reward #Memecoins🤑🤑 For 5X Profit In July

Resurgent Meme Coins: July Highlights

1. Dogwifhat ($WIF ):

- Operating on Solana, WIF has a market cap of $2 billion, ranked 43rd globally.

- Priced at $2.15, with a $586 million 24-hour trading volume.

- Despite a recent 35% drop, WIF surged 1163% since inception, highlighting high-risk/high-reward potential.

2. Myro (#MYRO ):

- On Solana, MYRO gained attention linked to Solana’s founder's pet.

- Surged by 3682% to $0.1482, with a $28 million daily volume and $139 million market cap.

- Strong community engagement drives its prominence in the meme coin ecosystem.

3. Bonk ($BONK ):

- Solana-based, Bonk distributed 50% of tokens to users, propelling market cap to $1.6 billion.

- Priced at $0.0000235, recent 3% increase, and 6249% surge this year.

- Noted for its risk/reward potential in July's meme coin market.

4. Shiba Inu Coin ($SHIB ):

- Ethereum-based, SHIB saw a 129% increase over the past year.

- Market cap of $10 billion, trading at $0.00001737 with robust volumes.

- Strategic burns and Shibairum launch bolster attractiveness for gains.

5. Pepe (PEPE):

- Ethereum's #pepe⚡ priced at $0.00001233, with a 667% surge in the past year.

- Showing a 0.81% decline in 24 hours but a 9% increase weekly.

- Growing community and unique appeal drive its momentum in July's meme coin landscape.

These coins present diverse opportunities in the current market, appealing to investors interested in meme cryptocurrency investments.

Source - coingape.com

*** This is not investment advice***

🔥🔥🔥 $7,000 Price Claim for Ethereum ($ETH ): Experts Discuss

The launch of Ethereum spot ETFs appears imminent, with industry insiders suggesting a potential rollout before July 4th. Following VankEck's form 8-A filing, Bloomberg Intelligence analyst Eric Balchunas sees this as a positive indicator for a launch around July 2nd.

Lekker Capital's Quinn Thompson views the current bearish sentiment among crypto investors as potentially setting the stage for bullish developments. Thompson predicts a period of calm as sellers exhaust their positions, followed by a significant market realization. He anticipates a potential catalyst from positive flows into spot #ETHETFS at launch or competitive fee offerings among ETF issuers. Thompson boldly forecasts Ethereum reaching $7,000 and Bitcoin aiming for its first attempt at $100,000 by the November elections.

Bitwise's Matt Hougan projects Ethereum ETFs could attract $15 billion in net flows within their first 18 months, drawing insights from established crypto ETF markets in Europe and Canada. While this figure is lower than the $56 billion in US #BitcoinETF investments, Hougan sees it as a notable milestone. However, he warns of initial net outflows as investors transition from Grayscale's Ethereum Trust.

QCP in Singapore looks to the potential Bitcoin ETF launch for market indicators, suggesting a possible 60% rally post-launch, which could position Ethereum around $5,430 in subsequent months.

Joe Lubin, Ethereum co-founder, anticipates increased ETH demand post-ETF approval, foreseeing supply constraints driving higher prices. Bernstein analysts project spot Ethereum ETFs could boost ETH prices by 75% to $6,600, drawing parallels with Bitcoin ETFs' impact on market dynamics.

*This information is provided for informational purposes and does not constitute investment advice.

Source - en.bitcoinsistemi.com

#CryptoMarket #BinanceSquareAnalysis #CryptoNews🔒📰🚫

👉👉👉 #S&P Global joins Singapore's Project Guardian tokenization trials

S&P Global Ratings has joined the Monetary Authority of Singapore's (MAS) ambitious Project Guardian, which focuses on exploring asset tokenization's potential to enhance financial market liquidity and efficiency.

Project Guardian, initiated by MAS in May 2022, aims to establish standards and policy guidelines while fostering a commercially viable digital asset ecosystem. S&P Global will actively participate in fixed-income pilot projects within this framework. Andrew O'Neill, S&P #digitalassets analytical lead, emphasized their role in contributing risk perspectives to ensure robust risk mitigation in applying this technology across financial markets.

The project's current initiatives include conducting foreign exchange and bond transactions leveraging liquidity pools of tokenized assets, such as bonds and currencies. It also involves exploring repurchase agreements using digital bonds, developing frameworks for listing debt securities, and launching initial token offerings for digital tokens on the Singapore Exchange.

Project Guardian, initially involving JP Morgan, DBS Bank, and SGX Venture Marketnodes, now includes S&P Global as its 24th member. It comprises a diverse group of large banks, asset managers, and policymakers from the UK, Japan, Singapore, Switzerland, France, and the International Monetary Fund, alongside international associations.

A notable achievement of Project Guardian includes JP Morgan's execution of a live cross-border transaction in November 2022 using tokenized Singapore dollars and Japanese yen on the Polygon blockchain. This marked a significant milestone as the first major bank to conduct a decentralized finance trade on a public blockchain.

Emerging from the project is the deposit token, a #stablecoin supported by regulated intermediaries, praised for stability & its potential to integrate central bank digital currencies into banking systems, backed by the Swiss Bankers Association & JP Morgan.

Source - cointelegraph.com

#CryptoNewsCommunity

🔥🔥🔥 Retail Losing Interest In #bitcoin☀️ ? Volume Plunges 30%

Retail Bitcoin Transfer Volume Plummets, Indicating Waning Interest

Decline in Retail Bitcoin Transactions

- Recent on-chain data shows a significant drop in Bitcoin transfer volume among retail investors, indicating decreased interest. According to CryptoQuant author Axel Adler Jr., Bitcoin transactions valued between $1,000 and $10,000 have notably declined.

Transfer Volume Trends

- Transfer volume measures the total Bitcoin amount moved across the network daily, separate from trading volume on exchanges. High transfer volume suggests strong investor interest and activity, while low transfer volume indicates reduced attention.

- A 30-day moving average (MA) chart reveals trends in retail Bitcoin activity:

1. Earlier this Year: Retail transfer volume spiked during a rally, showing increased small investor interest, a common pattern during bull runs.

2. Recent Decline: Since peaking in May, retail transfer volume has dropped by 30%, reflecting reduced activity amid bearish price action.

Implications

- The downtrend in retail transfer volume, even as Bitcoin briefly recovered above $70,000, hints at potential rally unsustainability. Current 30-day retail transfer volume matches levels seen during the bearish period of July 2021, suggesting new recovery attempts might struggle without renewed retail interest.

Current BTC Price

- Bitcoin is trading around $62,200, down over 4% in the past week. This downturn in retail activity signals potential challenges for Bitcoin's sustained recovery unless small investors' interest revives.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarketTrend

💥💥💥 Breaking: #VanEck Moves Forward with #SOLANAETF Proposal

New York-based investment firm VanEck has submitted a proposal to launch a spot Solana exchange-traded fund (ETF). This development follows the U.S. Securities and Exchange Commission (SEC) approving #BitcoinETFs in January.

The SEC is also close to completing the approval process for several spot Ethereum ETFs. Following the regulator's change of stance on Ethereum, analysts have suggested that ETF issuers might soon push for more altcoin ETFs.

As reported by U.Today, #Ripple💰 CEO Brad Garlinghouse predicted that the approval of multiple altcoin ETFs, including a Solana-based one, was inevitable.

In the wake of this news, the price of Solana has risen by 8% over the past 24 hours.

Source - u.today 

#BinanceSquareTalks

💥💥💥 #Shibalnu ($SHIB ) Price May #skyrocket in July If This Comes True

Shiba Inu (SHIB) Faces Tough June but Shows Promise for July

- Shiba Inu (SHIB), one of the most popular meme cryptocurrencies, has concluded June with its worst performance since May 2022. By the end of the month, SHIB's price had dropped over 33%, settling at $0.000017.

- As June ends and July begins, it's important to reflect on SHIB's price history to anticipate what might be in store for the upcoming month.

Optimism for July

- The SHIB community has reasons to be optimistic about July. According to CryptoRank, the median profitability of Shiba Inu in the second month of summer is 11.8%.

- Historically, July has been a positive month for SHIB. In 2023, the price increased by 11.8%, and in 2022, it rose by 13.4%. While 2021 saw a nearly 30% drop, this came after substantial gains in the preceding months, making the correction less severe.

- In contrast, June has consistently been challenging for Shiba Inu, with this year's performance repeating that trend.

Looking Ahead

- While historical trends do not guarantee future performance, they can serve as useful benchmarks. The #cryptocurrencymarket is inherently unpredictable, but understanding past trends can provide valuable insights into potential future movements.

- In conclusion, although nothing is certain in the cryptocurrency market, historical trends suggest a positive outlook for SHIB in July. These insights should not be ignored as the new month begins.

Source - u.today

#CryptoTrends2024 #BinanceSquareTrends

💥💥💥 #SolanaTrading Plunges 93% In 24 Hours: Where Did The $100 Billion Go?

Solana Faces Turmoil Over Inflated Stablecoin Volume Claims
Revelations and Impact

Solana has faced significant upheaval following reports that its daily #stablecoin volume has been overstated. Estimates plummeted from $75-100 billion to just $7 billion in one day, unsettling the crypto community and casting doubts on Solana's credibility as a DeFi leader.

Inflated Figures or Manipulative Practices?

- The drastic volume drop is attributed to wash trading, where investors buy and sell assets to artificially inflate trading volumes. This practice misleads investors about the platform's adoption and liquidity. The discrepancy suggests Solana's stablecoin market might heavily rely on such tactics, raising concerns about its organic growth.

Concerns Over #USDC✅

- USDC, a leading stablecoin pegged to the US dollar, is under particular scrutiny. Even with the revised $7 billion volume figure, up to 90% might still be inflated, further damaging Solana's reputation and potentially undermining investor confidence.

Investor Reaction and Market Volatility

- The sudden revelation has rattled investors, possibly triggering a sell-off and short-term market volatility. This comes at a sensitive time, just before the anticipated #EthereumETF deadline, which might have boosted Solana's DeFi activity.

Restoring Credibility

- To regain investor trust, Solana's development team must act swiftly and transparently. Despite the current turmoil, Solana's technological foundation remains strong, with one of the fastest and most scalable blockchains.

Looking Ahead

- The coming weeks are crucial for Solana. Addressing the data controversy and ensuring transparency will be key to weathering this storm and reclaiming its position as a leading DeFi contender.

Source - newsbtc.com

#BinanceSquareTalks

💥💥💥 Cardano ($ADA ) Price Struggles as Large Transaction Volume Plummets

Cardano Whales🐳🐳🐳 Reduce Exposure Amid Price Dip

Cardano Whales Cutting Back

- On-chain data indicates a significant reduction in large transaction volumes for Cardano (ADA) over the past month. The daily count of ADA transactions valued between $1 million and $10 million has decreased by 33%, and those worth $10 million or more have dropped by 24%.

- This decline in large transactions suggests reduced trading activity by major holders, often signaling a shift from positive to negative market sentiment.

Negative Market Sentiment

- Cardano's weighted sentiment metric currently stands at -0.58, reflecting general negative sentiment on social media. A negative weighted sentiment typically precedes further declines in an asset's value, as investor hesitation reduces demand.

Technical Indicators

Key technical indicators on ADA's daily chart highlight declining demand:

- Relative Strength Index (RSI): The #RSI has fallen below the 50-neutral line, currently at 34.12, indicating increased selling pressure.

- Directional Movement Index (DMI): The DMI shows the positive index (blue) below the negative index (red), signaling bearish control since June 12.

Price Prediction

- If ADA sell-offs continue, its value may dip to $0.35. Conversely, a shift to positive sentiment could increase buying pressure, pushing the value up to $0.41.

Conclusion

Cardano faces reduced interest from major holders and negative market sentiment, leading to potential price declines unless positive sentiment and demand return.

Source - beincrypto.com

#CryptoTrends2024 #BinanceSquareTalks

🔥🔥🔥 #SpotEthereumETF #approval Likely to Happen on July 4

Ethereum ETF Approval Nears as SEC Decision Looms

- The U.S. Securities and Exchange Commission (SEC) is nearing approval of Ethereum-linked exchange-traded funds (ETFs), with a decision expected around July 4, per Reuters.

Approaching Ethereum Spot ETF Approval

- Several major financial institutions, including #BlackRock⁩ , VanEck, Franklin Templeton, and Grayscale Investments, are among the eight ETF issuers seeking SEC approval for Ethereum spot ETFs. This follows the successful launch of spot #BitcoinETFs in January, marking a significant regulatory breakthrough.

- Executives familiar with the matter, speaking anonymously, indicate that discussions are nearing completion, with only minor issues unresolved. Legal experts share this sentiment, suggesting Ethereum spot ETF approval could be imminent within the next week or two.

Market Impact and Analyst Insights

- The approval of Ethereum spot ETFs represents a pivotal regulatory shift, coinciding with heightened pro-crypto sentiments in the 2024 election year. Analysts caution that Ethereum ETFs may not match Bitcoin's success due to Ethereum's smaller market size and recent price declines.

- SEC Chair Gary Gensler acknowledges progress in the approval process, though listings may be delayed until September 2024, contrasting with earlier forecasts. VanEck has filed for potential listing readiness, and eight Ethereum ETFs have secured SEC approval, awaiting activation of their registration statements (S-1s) for trading.

Conclusion

Ethereum ETF approval nears with potential market implications amid evolving regulatory and market dynamics, poised to impact the crypto landscape amidst varying analyst expectations.

Source - coincu.com

#CryptoMarkets

💥💥💥 #Dogecoin‬⁩ Sees Rapid Accumulation Amid Price Crash, Whale🐳🐳🐳 Transactions Soar

Dogecoin Whales Accumulate Amidst Price Recovery

- Dogecoin ($DOGE ) whales have seized the recent market downturn as an opportunity to accumulate substantial amounts of the prominent meme coin. This development has injected positivity into Dogecoin's price, which has rebounded notably over the past 24 hours.

Whale Accumulation Trends

- According to data from IntoTheBlock, Dogecoin has witnessed significant activity in large transactions totaling $1 billion in recent days. These large transactions, involving $100,000 or more worth of Dogecoin, indicate that whales are either increasing their holdings or positioning themselves strategically amidst market fluctuations.

- IntoTheBlock data indicates DOGE whales are accumulating rather than selling, shown by a negative net flow to exchanges last week. This signals strong bullish sentiment among large holders, potentially spurring price recovery.

Bullish Outlook and Market Dynamics

- Dogecoin's market value to realized value (#MVRV ) ratio indicates that the meme coin is currently undervalued relative to its potential, further supporting a bullish outlook. Analysts like Kriss Pax have highlighted the positive signals from DOGE's Relative Strength Index (RSI), signaling favorable conditions for a potential uptrend.

Price Predictions

- #CryptoAnalyst Crypto Kaleo predicts significant upside potential for Dogecoin in this market cycle, forecasting price targets of $1 and even $2. He notes Dogecoin's historical price patterns, highlighting past parabolic rallies of up to 6,000% and 30,000% following previous halving events. Kaleo suggests a potential dip to $0.08, akin to previous corrections before substantial rallies, aligning with historical precedents.

Conclusion

Dogecoin whales accumulate amid market recovery, boosting confidence in DOGE's resilience and price potential. Bullish signals and optimistic forecasts highlight its standing in crypto volatility.

Source - newsbtc.com

#CryptoNewsCommunity

💥💥💥 Will #Xrp🔥🔥 's $0.5 Reversal Finally Happen? #bitcoin☀️ Can (BTC) Hold Above $60,000, Cardano (ADA) Lost $0.4: What's Next?

XRP, Bitcoin, and Cardano Face Market Challenges

XRP's Attempted Reversal

- XRP has struggled to reverse its downtrend since June 24, failing to break above the 26 EMA, highlighting weak momentum and buying strength amid bearish market conditions affecting major #Cryptocurrencies like Bitcoin and Ethereum.

Key Challenges for XRP

- XRP's failure to surpass the 26 EMA signals significant resistance, compounded by neutral RSI readings between 40 and 50, indicating a lack of oversold or overbought conditions.
To recover, XRP needs RSI to climb above 50, accompanied by increased volume and positive market sentiment. Support at $0.46 remains crucial, with potential for further downside if breached.

Bitcoin's Position

- Bitcoin trades above $60,000 but faces selling pressure. The RSI suggests approaching oversold conditions (30-40 range), possibly signaling a buying opportunity. Sustaining above $60,000 could lead to resistance at $65,000 and $70,000, but failure could test support around $57,000, weakening sentiment if EMAs fail as support.

Cardano's Market Stagnation

- Cardano (ADA) struggles around $0.38 against key EMAs despite oversold RSI conditions, indicating long-term investor interest amidst low trading volumes and uncertain market sentiment.

In Summary

XRP, Bitcoin, and Cardano confront distinct challenges in the current crypto market: XRP battles resistance and bearish pressures, Bitcoin navigates around $60,000 amid volatility, and Cardano stagnates despite solid fundamentals. Each asset's performance hinges on overcoming current barriers and restoring bullish sentiment with increased volume and market confidence.

Source - u.today

#CryptoMarkets #BinanceSquareBTC $XRP $BTC $ADA

👉👉👉 #triangle Formation That Sparked The 2017 $XRP Rally Returns, What’s The Target?

XRP Price Triangle Formation Hints at Potential Rally

The XRP price is forming another triangle pattern on its chart, suggesting a possible upcoming rally. Notably, a similar pattern led to a significant rally seven years ago. If history repeats itself, XRP could be poised for a bullish surge.

Triangle Formation Indicates Bullish Continuation

Crypto analyst #TradingShot highlighted on TradingView that XRP is displaying another triangle formation. This pattern is supported by several bullish indicators that have emerged.
Key indicators include the price closing below its 1W MA50 and 1W MA200. While this might initially appear bearish, it often signals a buying opportunity as investors start re-entering at lower prices. This is further corroborated by the 1W RSI dropping to 40.00, a level historically associated with buying opportunities.

Additionally, TradingShot notes that XRP is currently testing the bottom with the higher lows trend line. These factors together have created a triangle structure reminiscent of the one observed between 2013 and 2017.

This triangle pattern is significant because the last time it appeared in 2013 and broke out in 2017, XRP surged to new all-time highs. Thus, the current appearance of this structure could indicate the beginning of another bullish trend, potentially pushing XRP’s price to new highs.

Potential Price Movement

If XRP follows the 2013-2017 trend and a breakout occurs, the price could reach a new all-time high. However, for this bullish trend to be confirmed, the price must break above the 1W MA200, according to TradingShot.

In such a scenario, TradingShot projects the price could climb as high as $4.5, representing an over 800% increase from its current price of $0.47.

XRP's current price is $0.47, lower due to the SEC lawsuit. Enthusiasts recall its 75,000% surge in 2017/2018, briefly ranking it second to Bitcoin, ahead of Ethereum.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥 #bitcoinprice Faces Potential Dive: Key Support Levels to Monitor

Bitcoin Price Struggles Below Resistance, Risking Further Decline

- Bitcoin's price failed to reclaim levels above the $62,500 resistance zone & is displaying bearish signals, potentially dropping below the crucial $60,000 support.

Bitcoin Faces Resistance #BEARISH📉 Trend

- Bitcoin attempted a recovery above the $61,200 mark but encountered strong resistance near $62,500. The subsequent decline saw the price falling below $61,500 & the 23.6% Fibonacci retracement level of the upward move from the $58,448 low to $62,454 high.

- Currently, BTC is trading below $62,000 & the 100-hourly Simple Moving Average, indicating bearish momentum. A significant bearish trend line is forming with resistance around $61,850 on the hourly chart of the BTC/USD pair sourced from Kraken.

Potential Scenarios for Bitcoin Price

- If Bitcoin manages to break above the $62,000 resistance, it could initiate a steady upward move. Key resistances on the way up include $61,500, $61,850 (trend line resistance), and $62,000. A clear break above $62,000 might pave the way for a test of the $62,500 resistance, with further gains possibly targeting $63,500.

- However, failure to breach the $62,000 resistance zone could lead to another downward movement. Initial support is near $60,450, followed by a crucial support level at $60,000. Further downside pressure might push BTC towards $59,500 & potentially down to the $58,500 support area in the near term.

Technical Indicators

- Hourly MACD: The #MACD is currently in the bearish zone, indicating increased selling pressure.

- Hourly RSI (Relative Strength Index): The #RSI for BTC/USD is below the 50 level, suggesting bearish momentum.

Summary

Bitcoin faces resistance near $62,000 & $62,500 after failing to sustain above the $62,500 level. A break above $62,000 is crucial for potential upside towards higher resistances.
Conversely, a failure to hold above $60,000 may lead to further losses with initial supports near $60,450 & $60,000.

Source - newsbtc.com

🔥🔥🔥 $XRP Price Dips Again: What’s Causing The Continued Slide?

#XRPPrice Struggles and Potential Decline

The XRP price has struggled to break through the $0.480 resistance zone and is currently declining, potentially dropping below the $0.468 support level.

Key Points:

- Failed Gains: XRP couldn't extend gains above the $0.480 resistance and is now trading below $0.475 and the 100-hourly Simple Moving Average (SMA).

- Bearish Trend: A major bearish trend line forms resistance at $0.472 on the hourly chart (data source: Kraken).

- Possible Rejections: The pair might face rejections near $0.472 and $0.480.

Price Movement:

XRP attempted a recovery above $0.472, similar to #bitcoin☀️ and Ethereum , but faced resistance near $0.480. The price reached a high of $0.4797 before starting a fresh decline. It moved below $0.475 and $0.472, falling past the 50% Fib retracement level from $0.4619 to $0.4797. The price is now below $0.475 and the 100-hourly SMA, finding bids near the 61.8% Fib retracement level.

Resistance Levels:

- Initial resistance at $0.472.

- First major resistance at $0.475.

- Main hurdle at $0.480.

A clear move above $0.480 could push the price towards $0.485, with further resistance at $0.500. A close above $0.500 might lead to a rise to $0.512 and potentially $0.525.

Potential for More Losses:

- If XRP fails to clear the $0.472 resistance, it may continue to decline. Initial support is at $0.468, followed by major support at $0.462. A break below $0.462 could lead to further declines, possibly dropping below $0.432.

Technical Indicators:

- Hourly MACD: Gaining pace in the #BEARISH📉 zone.

- Hourly RSI: Below the 50 level.

- Major Support Levels: $0.468 and $0.462.

- Major Resistance Levels: $0.472 and $0.480.

In summary, XRP needs to break the $0.472 and $0.480 resistance levels to start a significant recovery. Failing to do so could result in continued declines, with key support at $0.462.

Source - newsbtc.com

#CryptoMarketTrend #BinanceSquareTalks

👉👉👉 Get Ready for a DeFi Summer: #Synthetix ’s 2 Million $ARB Giveaway Heats Up on Arbitrum

Synthetix, a leader in decentralized finance (DeFi), is expanding its presence on the Arbitrum network, a pivotal step in its evolution. This move is part of the Arbitrum Liquidity Incentive Program (LTIP), spanning 12 weeks until September 3rd, supported by 2 million ARB tokens. The initiative aims to boost liquidity, promote stablecoin adoption, and optimize the Perpetual Contracts (Perps) trading environment on Arbitrum.

Synthetix is renowned for its decentralized derivatives infrastructure, powering over 80 derivative markets through its proprietary Synthetix Perps system. Notably, Synthetix has facilitated over $50 billion in trading volumes and introduced delta-neutral liquidity provision, distributing more than $25 million in trading fees to participants.

Utilizing ARB Rewards for Ecosystem Growth

The 2 million ARB tokens will be strategically distributed as follows:

- 1,000,000 ARB allocated for liquidity provider incentives to stimulate trading activity.

- 900,000 ARB set aside for trading fee rebates, offering up to 75% discounts on fees paid.

- 100,000 ARB dedicated to bolstering #stablecoin liquidity, emphasizing their crucial role in sustainable DeFi models.

Participants can engage in various beneficial activities under this program. Liquidity providers can deposit #USDC✅ , $ETH , ARB, and soon Ethena USDe into Synthetix pools. Additionally, supplying liquidity to USDx/USDC pools on Ramses, a prominent Arbitrum DEX, will soon be possible.

These initiatives, including new Perps trading options, present compelling opportunities for active participants in the perpetual derivatives trading sector to join as launch partners. By integrating with supported platforms, participants can earn fee rebate rewards, fostering engagement and volume growth.

Source - blockchainreporter.net

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#GameStop (GME) Erases MTD Gains Amid #RoaringKitty 's Hibernation

Roaring Kitty's Silence Impacts GameStop (GME) Ecosystem Amid Price Decline

GME Price Decline Continues

- GameStop's stock price has faced significant declines in recent weeks, exacerbated by the absence of influential trader and social media figure #KeithGill , known as Roaring Kitty.
According to Yahoo Finance, GME was trading at $23.09 at the time of writing, marking a nearly 3% drop from Monday's closing and a 7% decrease over the past week. This latest downturn has contributed to a monthly decline of just over 3%, equating to approximately $0.75.

Recent Stock Movement

- The recent trajectory of GameStop's stock is a stark contrast to its highs just three weeks ago. In early June, the stock reached a monthly peak of $46.55 following Gill's announcement of acquiring a position worth nearly $600 million. This move sparked a remarkable 47.45% increase in one day, closing at $46.55 on June 6. Concurrently, the Solana-based #Memecoin🤑🤑 GME surged by 118%.

- However, shortly after, Gill reported a loss of $350 million in profits as the stock plummeted by 50% within two days. Subsequently, GameStop continued to experience losses, erasing much of its earlier gains.

GameStop's Strategic Shift

- GameStop's CEO, Ryan Cohen, recently indicated a strategic pivot towards achieving profitability by focusing on smaller networks of stores nationwide. This unexpected announcement further impacted the stock's value, leading to a 13.4% decline with shares trading at $24.86. Had the stock continued its upward trajectory, reaching as high as $65, bullish investors could have potentially seen their holdings reach $1 billion.
However, this scenario did not materialize.

Gill's Actions and Speculation

- Keith Gill exercised GME options, boosting his shares from 5M to over 9M, valued around $206M. Speculation on board membership halted by postponed shareholders' meeting, reflecting GameStop's volatile investor sentiment.

Source - coingape.com

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