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🚨 **URGENT PORTFOLIO ALERT: Potential Binance Coin Delistings!** 🚨
**Take Action NOW to Protect Your Investments! 🚀💼**
Several tokens are rumored to be **delisted from Binance** soon, and this could have a huge impact on your holdings. If you own any of these coins, **it’s time to act fast**! Here’s the list of tokens that might be on the chopping block:
**🟢 Multichain (MULTI)**
**⚫ Monero (XMR)**
**🟠 Akropolis (AKRO)**
**🔵 Cortex (CTXC)**
**🔺 Polygon (MATIC)**
### **Why Are These Coins at Risk?**
- **Monero (XMR):** A **privacy coin** that’s facing increased regulatory pressure worldwide, especially in regions where crypto regulations are tightening.
- **Multichain (MULTI):** Ongoing **uncertainties** with its cross-chain protocol and overall project health have raised red flags.
- **Akropolis (AKRO):** A **DeFi project** that’s seen a sharp drop in user engagement and trading volumes.
- **Cortex (CTXC):** Lower activity and interest in this project have caused it to **lose momentum**.
- **Polygon (MATIC):** Despite its popularity, **scalability challenges** and recent controversies may have put it at risk.
---
### **What Should You Do NOW? 💡**
1. **🚨 Withdraw Your Funds Before Deadlines:**
Once these coins are delisted, withdrawal options may close, so **move your assets ASAP** to avoid being stuck!
2. **💼 Rebalance Your Portfolio:**
Consider **moving your investments** into coins with strong development, **market stability**, and regulatory compliance.
3. **🔔 Stay Alert for Official Updates:**
Always stay informed on delisting schedules from Binance to protect your trading options.
---
⏳ **Don’t wait until it’s too late!** These delistings can seriously affect the liquidity and trading potential of your coins. **Plan ahead and safeguard your portfolio today!**
#CryptoAlert #PortfolioSafety #BinanceDelisting #MATICWatch #DeFi #PrivacyCoins #CryptoRegulation
**Take Action NOW to Protect Your Investments! 🚀💼**
Several tokens are rumored to be **delisted from Binance** soon, and this could have a huge impact on your holdings. If you own any of these coins, **it’s time to act fast**! Here’s the list of tokens that might be on the chopping block:
**🟢 Multichain (MULTI)**
**⚫ Monero (XMR)**
**🟠 Akropolis (AKRO)**
**🔵 Cortex (CTXC)**
**🔺 Polygon (MATIC)**
### **Why Are These Coins at Risk?**
- **Monero (XMR):** A **privacy coin** that’s facing increased regulatory pressure worldwide, especially in regions where crypto regulations are tightening.
- **Multichain (MULTI):** Ongoing **uncertainties** with its cross-chain protocol and overall project health have raised red flags.
- **Akropolis (AKRO):** A **DeFi project** that’s seen a sharp drop in user engagement and trading volumes.
- **Cortex (CTXC):** Lower activity and interest in this project have caused it to **lose momentum**.
- **Polygon (MATIC):** Despite its popularity, **scalability challenges** and recent controversies may have put it at risk.
---
### **What Should You Do NOW? 💡**
1. **🚨 Withdraw Your Funds Before Deadlines:**
Once these coins are delisted, withdrawal options may close, so **move your assets ASAP** to avoid being stuck!
2. **💼 Rebalance Your Portfolio:**
Consider **moving your investments** into coins with strong development, **market stability**, and regulatory compliance.
3. **🔔 Stay Alert for Official Updates:**
Always stay informed on delisting schedules from Binance to protect your trading options.
---
⏳ **Don’t wait until it’s too late!** These delistings can seriously affect the liquidity and trading potential of your coins. **Plan ahead and safeguard your portfolio today!**
#CryptoAlert #PortfolioSafety #BinanceDelisting #MATICWatch #DeFi #PrivacyCoins #CryptoRegulation
🚨 Bitcoin Slips Below $59K: Crypto Market Sees $132M in Liquidations 💥
🌐 The crypto market faced a turbulent day as Bitcoin dipped below the $59,000 mark, triggering a wave of liquidations across the board. With increased selling pressure, traders witnessed a major shakeout in the derivatives market, leading to significant losses. 📉
🔍 Key Highlights:
- Bitcoin Dips: BTC slipped to an intraday low of $58,315, after peaking at $61,868 earlier in the day. This marks a 3.8% drop over 24 hours, adding up to a 13.9% loss over the past two weeks. 💸
- Market Decline: The broader crypto market declined by 3.18%, bringing its total value down to $2.06 trillion, despite a 7.53% increase in global trading volume. 📊
- Massive Liquidations: According to Coinglass.com, a staggering 54,744 traders faced liquidations totaling $132.49 million by 5:15 p.m. EDT. Of this, $102.33 million were from long positions, with Bitcoin trades accounting for $25.95 million in losses. 💥
💔 Ethereum and Solana Hit Hard:
- Ethereum (ETH): ETH dropped to $2,540 after reaching $2,720 earlier, with long positions suffering $22.84 million in losses.
- Solana (SOL): SOL wasn't spared either, with long liquidations amounting to $8.37 million on Sunday. 😔
🔥 The largest single wipeout occurred on OKX, where an Ethereum trade resulted in a $2.17 million loss.
As prices across the crypto market remained volatile and selling pressure mounted, the impact on traders was significant. What are your thoughts on the recent crypto market downturn? Share your opinions in the comments below! 💬
#CryptoCrash #Bitcoin #Ethereum #Solana #MarketUpdate
$BTC $ETH $SOL
🌐 The crypto market faced a turbulent day as Bitcoin dipped below the $59,000 mark, triggering a wave of liquidations across the board. With increased selling pressure, traders witnessed a major shakeout in the derivatives market, leading to significant losses. 📉
🔍 Key Highlights:
- Bitcoin Dips: BTC slipped to an intraday low of $58,315, after peaking at $61,868 earlier in the day. This marks a 3.8% drop over 24 hours, adding up to a 13.9% loss over the past two weeks. 💸
- Market Decline: The broader crypto market declined by 3.18%, bringing its total value down to $2.06 trillion, despite a 7.53% increase in global trading volume. 📊
- Massive Liquidations: According to Coinglass.com, a staggering 54,744 traders faced liquidations totaling $132.49 million by 5:15 p.m. EDT. Of this, $102.33 million were from long positions, with Bitcoin trades accounting for $25.95 million in losses. 💥
💔 Ethereum and Solana Hit Hard:
- Ethereum (ETH): ETH dropped to $2,540 after reaching $2,720 earlier, with long positions suffering $22.84 million in losses.
- Solana (SOL): SOL wasn't spared either, with long liquidations amounting to $8.37 million on Sunday. 😔
🔥 The largest single wipeout occurred on OKX, where an Ethereum trade resulted in a $2.17 million loss.
As prices across the crypto market remained volatile and selling pressure mounted, the impact on traders was significant. What are your thoughts on the recent crypto market downturn? Share your opinions in the comments below! 💬
#CryptoCrash #Bitcoin #Ethereum #Solana #MarketUpdate
$BTC $ETH $SOL
Bitcoin Difficulty Reduction Incoming? Miners Prepare for a Shift on Aug. 14 🔽💰
$BTC
Bitcoin miners may soon catch a break as the network's difficulty is expected to decrease by 4% to 5.3% on August 14. 📉🔧
Key Updates:
- Recent Difficulty Spike: On July 31, Bitcoin’s difficulty surged by 10.5%, reaching a record high of 90.67 trillion after faster block completions. ⛏📈
- Upcoming Adjustment: Due to slower block times averaging around 10 minutes 32 seconds, a reduction in difficulty is anticipated. This will ease mining operations in a challenging low-revenue environment. 🕒🔽
- Current Hashrate: As of August 11, 2024, Bitcoin's total hashrate stands at 618.47 EH/s, and the hashprice is at $42.43 per petahash, significantly lower than pre-halving levels. 🔍💸
Miners are watching closely as the difficulty adjustment could impact their operations. What are your thoughts on this upcoming change? Let us know in the comments! 💬👇
$BTC
$BTC
Bitcoin miners may soon catch a break as the network's difficulty is expected to decrease by 4% to 5.3% on August 14. 📉🔧
Key Updates:
- Recent Difficulty Spike: On July 31, Bitcoin’s difficulty surged by 10.5%, reaching a record high of 90.67 trillion after faster block completions. ⛏📈
- Upcoming Adjustment: Due to slower block times averaging around 10 minutes 32 seconds, a reduction in difficulty is anticipated. This will ease mining operations in a challenging low-revenue environment. 🕒🔽
- Current Hashrate: As of August 11, 2024, Bitcoin's total hashrate stands at 618.47 EH/s, and the hashprice is at $42.43 per petahash, significantly lower than pre-halving levels. 🔍💸
Miners are watching closely as the difficulty adjustment could impact their operations. What are your thoughts on this upcoming change? Let us know in the comments! 💬👇
$BTC
Tech Giants Losing Momentum Amid AI Disappointment 📉🔍
The hype surrounding the “Magnificent Seven” tech stocks—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—might be fading as AI advancements fall short of investor expectations. 🚀📉
Key Points:
- AI Disappointment:
Progress in AI hasn't significantly cut human labor costs, leaving investors underwhelmed. According to Sandeep Rao, a senior researcher at Leverage Shares, the anticipated savings have been minimal. 💼🤖
-Investor Shift:
This disillusionment could lead investors to reassess their positions and seek more promising opportunities. 📊🔄
The tech giants may face increasing scrutiny as the impact of AI on operational costs continues to underperform.
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The hype surrounding the “Magnificent Seven” tech stocks—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—might be fading as AI advancements fall short of investor expectations. 🚀📉
Key Points:
- AI Disappointment:
Progress in AI hasn't significantly cut human labor costs, leaving investors underwhelmed. According to Sandeep Rao, a senior researcher at Leverage Shares, the anticipated savings have been minimal. 💼🤖
-Investor Shift:
This disillusionment could lead investors to reassess their positions and seek more promising opportunities. 📊🔄
The tech giants may face increasing scrutiny as the impact of AI on operational costs continues to underperform.
follow for more!
you can also send tips to help our team evolve and start a copy trading account!
Web3.0 Summit in Hong Kong Highlights Future of Decentralized Finance 🌐🚀
The 'Web3.0 Reshaping the Future of Finance Summit and Broken Bound Global Innovation Ecosystem Conference,' organized by Broken Bound, wrapped up in Hong Kong on August 12, 2024. 🌟
**Event Highlights:**
- **Global Gathering:** Nearly 1,000 attendees from Asia, Europe, and North America explored DeFi and Web3.0 innovations. 🌍
- **Key Topics:** Discussions included BVP cross-chain technology, community token LP ecosystems, and MEMECoin market-making. 📈🔗
- Future Plans: Broken Bound will continue their global tour to enhance blockchain collaboration and drive financial ecosystem transformation. 🛠️🌐
The summit underscored the potential of technological advances in shaping the future of decentralized finance.
#mememcoinseason2024 #memecycle #MemeCommunity $PEPE $DOGE $AI
The 'Web3.0 Reshaping the Future of Finance Summit and Broken Bound Global Innovation Ecosystem Conference,' organized by Broken Bound, wrapped up in Hong Kong on August 12, 2024. 🌟
**Event Highlights:**
- **Global Gathering:** Nearly 1,000 attendees from Asia, Europe, and North America explored DeFi and Web3.0 innovations. 🌍
- **Key Topics:** Discussions included BVP cross-chain technology, community token LP ecosystems, and MEMECoin market-making. 📈🔗
- Future Plans: Broken Bound will continue their global tour to enhance blockchain collaboration and drive financial ecosystem transformation. 🛠️🌐
The summit underscored the potential of technological advances in shaping the future of decentralized finance.
#mememcoinseason2024 #memecycle #MemeCommunity $PEPE $DOGE $AI
Blockchain Investigator Links WBTC Whale to Suspicious Activities 🕵️♂️💸
Foresight News reports that blockchain investigator ZachXBT has connected a major WBTC holder to dubious activities, including ransomware and pig-butchering scams. 🚨
**Key Details:**
- **Large Holdings:** One address holds 1,253 WBTC (~$73M) and another has 185 WBTC (~$10.8M). 🏦
- Concerns Raised: The findings underscore the challenge of tracking and regulating digital assets to prevent criminal misuse. 🔍💥
Stay alert as the crypto world navigates these security challenges. 🛡️#MarketSentimentToday #WBTC #WBTCUnderScrutiny $WBTC $BTC
Foresight News reports that blockchain investigator ZachXBT has connected a major WBTC holder to dubious activities, including ransomware and pig-butchering scams. 🚨
**Key Details:**
- **Large Holdings:** One address holds 1,253 WBTC (~$73M) and another has 185 WBTC (~$10.8M). 🏦
- Concerns Raised: The findings underscore the challenge of tracking and regulating digital assets to prevent criminal misuse. 🔍💥
Stay alert as the crypto world navigates these security challenges. 🛡️#MarketSentimentToday #WBTC #WBTCUnderScrutiny $WBTC $BTC
Immunefi Report: 112% Surge in Crypto Hacks and Frauds in Q2 2024 🚨💰
Immunefi’s latest report reveals a shocking 112% increase in crypto hacks and frauds for Q2 2024, totaling $572.7 million in losses. 💸🔒
Key Highlights:
- **Ethereum Most Targeted:** Ethereum faced 34 incidents (46.6% of total losses), while BNB was second with 18 incidents (24.7%). 🛡️
- CeFi Takes the Hit: Centralized finance (CeFi) suffered 70% of the losses, with DeFi platforms accounting for 30%. 📉
- **Major Breaches:** DMM Bitcoin lost $305 million, and BtcTurk lost $55 million. 🏦💥
Recovery Efforts:
Some recoveries were noted, like ALEX Lab retrieving $3.9 million and the Gala Games hacker returning $21 million in stolen ETH. 🔄💎
Fraud vs. Hacks:
Fraud losses fell 81%, but hacks soared 155%. Overall, $920.9 million has been lost YTD across 135 incidents. 📉
Conclusion:
The surge in crypto attacks underscores the need for stronger security. Stay vigilant and use only trusted platforms. 🔐🚀
#Fraud_alert #FraudPreventionPartnership #HackerNews $USDC
Immunefi’s latest report reveals a shocking 112% increase in crypto hacks and frauds for Q2 2024, totaling $572.7 million in losses. 💸🔒
Key Highlights:
- **Ethereum Most Targeted:** Ethereum faced 34 incidents (46.6% of total losses), while BNB was second with 18 incidents (24.7%). 🛡️
- CeFi Takes the Hit: Centralized finance (CeFi) suffered 70% of the losses, with DeFi platforms accounting for 30%. 📉
- **Major Breaches:** DMM Bitcoin lost $305 million, and BtcTurk lost $55 million. 🏦💥
Recovery Efforts:
Some recoveries were noted, like ALEX Lab retrieving $3.9 million and the Gala Games hacker returning $21 million in stolen ETH. 🔄💎
Fraud vs. Hacks:
Fraud losses fell 81%, but hacks soared 155%. Overall, $920.9 million has been lost YTD across 135 incidents. 📉
Conclusion:
The surge in crypto attacks underscores the need for stronger security. Stay vigilant and use only trusted platforms. 🔐🚀
#Fraud_alert #FraudPreventionPartnership #HackerNews $USDC
Mia's Journey: From Coastal Dreamer to Crypto Millionaire
**Mia's Journey: From Coastal Dreamer to Crypto Millionaire** 🌟💸
In the unpredictable world of cryptocurrency, Mia’s story shines as a beacon of innovation and creativity. Rather than following the conventional path of buying low and selling high, Mia carved out a unique niche that revolutionized the gaming industry.
**The Birth of Notcoin and Mia’s Vision** 🎮💡
The cryptocurrency market saw a groundbreaking moment with the introduction of Notcoin—designed specifically for gamers. It allowed players to trade virtual items across different games without intermediaries. Intrigued by Notcoin’s potential, Mia, an avid gamer with limited funds, realized that creating value within the gaming community was her path to success.
**Notland: A Virtual Paradise for Gamers** 🌴🏝️
Inspired by her coastal surroundings, Mia envisioned “Notland,” a customizable island retreat for gamers to hang out, host parties, and create mini-games. After weeks of development, Notland launched on the Notcoin marketplace. The response was explosive, with gamers worldwide eager to own a piece of this virtual haven.
**From Gamer to Millionaire** 🚀💸
Mia’s success with Notland allowed her to build a thriving business model based on real value rather than market speculation. Her innovative approach and passion for gaming led to significant financial growth, allowing her to expand her virtual offerings and cement her place in the industry.
**A Legacy of Innovation and Community** 🌟🏡
Despite her wealth, Mia remained connected to her roots, investing in local businesses and contributing to community projects. Her story is a testament to the power of creativity and passion, showing that success can come from unexpected places. Mia’s journey from a small-town gamer to a crypto millionaire exemplifies how focusing on genuine value can lead to extraordinary achievements.
**Conclusion: A New Era for Gaming and Cryptocurrency** 🚀🎮
Mia’s story highlights a shift in the cryptocurrency world—one where innovation and community-driven projects can thrive alongside traditional market strategies. Her success with Notcoin and Notland offers a glimpse into the future of gaming and crypto, where creativity and real-world value drive progress. 🌍💼
In the unpredictable world of cryptocurrency, Mia’s story shines as a beacon of innovation and creativity. Rather than following the conventional path of buying low and selling high, Mia carved out a unique niche that revolutionized the gaming industry.
**The Birth of Notcoin and Mia’s Vision** 🎮💡
The cryptocurrency market saw a groundbreaking moment with the introduction of Notcoin—designed specifically for gamers. It allowed players to trade virtual items across different games without intermediaries. Intrigued by Notcoin’s potential, Mia, an avid gamer with limited funds, realized that creating value within the gaming community was her path to success.
**Notland: A Virtual Paradise for Gamers** 🌴🏝️
Inspired by her coastal surroundings, Mia envisioned “Notland,” a customizable island retreat for gamers to hang out, host parties, and create mini-games. After weeks of development, Notland launched on the Notcoin marketplace. The response was explosive, with gamers worldwide eager to own a piece of this virtual haven.
**From Gamer to Millionaire** 🚀💸
Mia’s success with Notland allowed her to build a thriving business model based on real value rather than market speculation. Her innovative approach and passion for gaming led to significant financial growth, allowing her to expand her virtual offerings and cement her place in the industry.
**A Legacy of Innovation and Community** 🌟🏡
Despite her wealth, Mia remained connected to her roots, investing in local businesses and contributing to community projects. Her story is a testament to the power of creativity and passion, showing that success can come from unexpected places. Mia’s journey from a small-town gamer to a crypto millionaire exemplifies how focusing on genuine value can lead to extraordinary achievements.
**Conclusion: A New Era for Gaming and Cryptocurrency** 🚀🎮
Mia’s story highlights a shift in the cryptocurrency world—one where innovation and community-driven projects can thrive alongside traditional market strategies. Her success with Notcoin and Notland offers a glimpse into the future of gaming and crypto, where creativity and real-world value drive progress. 🌍💼
🚨 Bitcoin Faces Potential Crash Amid $2 Billion Lawsuit by Celsius Against Tether 🚨
Current Status:
- Bitcoin (BTC) 📉 is trading around $60,600, facing a critical resistance level at $61,870. Despite recent highs, the market is fraught with uncertainty.
Celsius Lawsuit Against Tether:
- Celsius Network has slapped Tether with a $2 billion lawsuit, accusing it of fraudulently handling Bitcoin transfers. Celsius claims Tether breached contract terms by hastily liquidating over $2 billion worth of BTC. This move allegedly caused significant financial harm to Celsius and could undermine Bitcoin's stability. ⚖️
- Key Allegations:
- Tether sold 39,542.42 BTC below market value.
- Celsius seeks damages and recovery of the lost Bitcoin.
Market Reaction:
- The lawsuit has intensified fears of market manipulation and instability. If proven true, this could prompt a significant drop in Bitcoin’s price. 📉
MicroStrategy’s Potential Impact:
- On a somewhat brighter note, MicroStrategy is exploring a $2 billion expansion of its Bitcoin holdings. This could boost market confidence if the investment materializes. However, it remains uncertain how this will affect Bitcoin amidst the current legal turmoil. 💼
Technical Analysis:
- Resistance Levels: $61,870, $64,645, $67,010
- Support Levels: $59,970, $59,355, $57,145
- Current Trend: Bitcoin is testing a double-top pattern near $61,870, a typically bearish signal. A failure to break through this resistance could lead to a decline.
Conclusion:
- The lawsuit’s implications might overshadow potential positive impacts from MicroStrategy’s investment. Traders should watch for potential breakdowns below key support levels and be cautious of further declines in Bitcoin's price. 📉
Disclaimer: This article is not financial advice. Conduct your own research and consider market risks before making investment decisions. $BTC
Current Status:
- Bitcoin (BTC) 📉 is trading around $60,600, facing a critical resistance level at $61,870. Despite recent highs, the market is fraught with uncertainty.
Celsius Lawsuit Against Tether:
- Celsius Network has slapped Tether with a $2 billion lawsuit, accusing it of fraudulently handling Bitcoin transfers. Celsius claims Tether breached contract terms by hastily liquidating over $2 billion worth of BTC. This move allegedly caused significant financial harm to Celsius and could undermine Bitcoin's stability. ⚖️
- Key Allegations:
- Tether sold 39,542.42 BTC below market value.
- Celsius seeks damages and recovery of the lost Bitcoin.
Market Reaction:
- The lawsuit has intensified fears of market manipulation and instability. If proven true, this could prompt a significant drop in Bitcoin’s price. 📉
MicroStrategy’s Potential Impact:
- On a somewhat brighter note, MicroStrategy is exploring a $2 billion expansion of its Bitcoin holdings. This could boost market confidence if the investment materializes. However, it remains uncertain how this will affect Bitcoin amidst the current legal turmoil. 💼
Technical Analysis:
- Resistance Levels: $61,870, $64,645, $67,010
- Support Levels: $59,970, $59,355, $57,145
- Current Trend: Bitcoin is testing a double-top pattern near $61,870, a typically bearish signal. A failure to break through this resistance could lead to a decline.
Conclusion:
- The lawsuit’s implications might overshadow potential positive impacts from MicroStrategy’s investment. Traders should watch for potential breakdowns below key support levels and be cautious of further declines in Bitcoin's price. 📉
Disclaimer: This article is not financial advice. Conduct your own research and consider market risks before making investment decisions. $BTC
📈 Traders Eye Bitcoin’s $60K Price for Altcoin Surge: ETH, SUI, TAO, and NOT Set to Soar? 🚀
Bitcoin (BTC) Update:
- Bitcoin 📈 has surged from below $50,000, signaling aggressive buying. The price has hit a crucial $60,000 resistance level. If BTC stays above this, it could boost altcoins significantly. However, trading expert Peter Brandt warns there’s a 50% chance of Bitcoin dropping below $40,000. 🧐
- **Current Levels to Watch:**
- Resistance: $60,000
- Support: $59,500
- Bullish Target:$62,000
- Bearish Support: $55,724
Ethereum (ETH) Analysis:
- Ethereum 🧩 is attempting to recover towards $2,850. A breakout above $2,724 could see ETH climbing to $3,400. However, failure to maintain above $2,550 might lead to a drop to $2,300. 📉
- Key Levels:
- Resistance: $2,724
- Support: $2,550
Sui (SUI) Insights:
- Sui 🆙 has surged past moving averages and a downtrend line. If it remains above these levels, the price could reach $1.17 and potentially $1.44. Watch for support at $0.60 if the price declines. 📊
- **Resistance Levels:**
- **Initial:** $0.95
- **Target:** $1.17
**Bittensor (TAO) Review:**
- Bittensor 🟡 has shown bullish signs by staying above the moving averages. A breakout above $320 could push the price to $367. Support is at $243 if it falls below the moving averages. 🛠️
- **Resistance Levels:**
- **Initial:** $320
- **Target:** $367
**Notcoin (NOT) Spotlight:**
- Notcoin 🪙 has maintained support at $0.009 despite bearish attempts. A rise above the 20-day EMA could lead to a breakout towards $0.018. If it falls below $0.009, the price might drop to $0.005. 📉
- **Resistance Levels:**
- **Initial:** $0.013
- **Target:** $0.018
🔍 **In Summary:** Bitcoin’s performance around the $60K mark could catalyze significant movements in ETH, SUI, TAO, and NOT. Traders should closely monitor these levels and adjust strategies accordingly.
🛑 **Disclaimer:** This article does not offer investment advice. Always conduct your own research before making financial decisions $NOT $SUI $TON
Bitcoin (BTC) Update:
- Bitcoin 📈 has surged from below $50,000, signaling aggressive buying. The price has hit a crucial $60,000 resistance level. If BTC stays above this, it could boost altcoins significantly. However, trading expert Peter Brandt warns there’s a 50% chance of Bitcoin dropping below $40,000. 🧐
- **Current Levels to Watch:**
- Resistance: $60,000
- Support: $59,500
- Bullish Target:$62,000
- Bearish Support: $55,724
Ethereum (ETH) Analysis:
- Ethereum 🧩 is attempting to recover towards $2,850. A breakout above $2,724 could see ETH climbing to $3,400. However, failure to maintain above $2,550 might lead to a drop to $2,300. 📉
- Key Levels:
- Resistance: $2,724
- Support: $2,550
Sui (SUI) Insights:
- Sui 🆙 has surged past moving averages and a downtrend line. If it remains above these levels, the price could reach $1.17 and potentially $1.44. Watch for support at $0.60 if the price declines. 📊
- **Resistance Levels:**
- **Initial:** $0.95
- **Target:** $1.17
**Bittensor (TAO) Review:**
- Bittensor 🟡 has shown bullish signs by staying above the moving averages. A breakout above $320 could push the price to $367. Support is at $243 if it falls below the moving averages. 🛠️
- **Resistance Levels:**
- **Initial:** $320
- **Target:** $367
**Notcoin (NOT) Spotlight:**
- Notcoin 🪙 has maintained support at $0.009 despite bearish attempts. A rise above the 20-day EMA could lead to a breakout towards $0.018. If it falls below $0.009, the price might drop to $0.005. 📉
- **Resistance Levels:**
- **Initial:** $0.013
- **Target:** $0.018
🔍 **In Summary:** Bitcoin’s performance around the $60K mark could catalyze significant movements in ETH, SUI, TAO, and NOT. Traders should closely monitor these levels and adjust strategies accordingly.
🛑 **Disclaimer:** This article does not offer investment advice. Always conduct your own research before making financial decisions $NOT $SUI $TON
🚨 South Korean CEO Arrested for $366 Million Crypto Fraud 🚨
🔍 Details of the Case:
The CEO of South Korean tech firm Wacon, Byun Young-oh, has been arrested in connection with a massive crypto fraud scheme involving Ethereum (ETH). Byun, along with an accomplice named Yeom, faces charges of defrauding around 500 victims, many of whom are elderly.
🕵️♂️ How the Scheme Operated:
- Platform: Wacon operated a wallet service named MainEthernet, where it claimed to securely hold investors' funds.
- Fraudulent Claims: Byun promised high returns of 45% to 50% on investments and assured that funds could be easily withdrawn. However, reports emerged in the summer of 2023 that investors were unable to access their funds. 🏦🚫
- Ponzi Scheme Allegations: Authorities believe the scheme was a Ponzi-style pyramid, with funds from new investors used to pay returns to earlier investors.
📉 Investigation and Impact:
- Ongoing Inquiry: Prosecutors are investigating to determine if there are additional victims or accomplices.
- Victim Profile: Many of the victims are aged 60 or above, highlighting the scheme's impact on vulnerable populations.
🏢 Company and Claims:
Byun had also claimed to operate a crypto exchange and an NFT-based gaming business. Despite his previous claims of not understanding Ponzi schemes, the allegations point to a significant fraudulent operation.
⚠️ Market Implications:
This case underscores the importance of due diligence and caution in the crypto space. As investigations continue, the crypto community remains on alert for potential similar schemes.
🔗 Stay Informed: Follow updates on this case and other developments in the crypto world.#MarketSentimentToday
🔍 Details of the Case:
The CEO of South Korean tech firm Wacon, Byun Young-oh, has been arrested in connection with a massive crypto fraud scheme involving Ethereum (ETH). Byun, along with an accomplice named Yeom, faces charges of defrauding around 500 victims, many of whom are elderly.
🕵️♂️ How the Scheme Operated:
- Platform: Wacon operated a wallet service named MainEthernet, where it claimed to securely hold investors' funds.
- Fraudulent Claims: Byun promised high returns of 45% to 50% on investments and assured that funds could be easily withdrawn. However, reports emerged in the summer of 2023 that investors were unable to access their funds. 🏦🚫
- Ponzi Scheme Allegations: Authorities believe the scheme was a Ponzi-style pyramid, with funds from new investors used to pay returns to earlier investors.
📉 Investigation and Impact:
- Ongoing Inquiry: Prosecutors are investigating to determine if there are additional victims or accomplices.
- Victim Profile: Many of the victims are aged 60 or above, highlighting the scheme's impact on vulnerable populations.
🏢 Company and Claims:
Byun had also claimed to operate a crypto exchange and an NFT-based gaming business. Despite his previous claims of not understanding Ponzi schemes, the allegations point to a significant fraudulent operation.
⚠️ Market Implications:
This case underscores the importance of due diligence and caution in the crypto space. As investigations continue, the crypto community remains on alert for potential similar schemes.
🔗 Stay Informed: Follow updates on this case and other developments in the crypto world.#MarketSentimentToday
🚨 Crypto Market Update: Key Levels and Signals 🚨
🔹 XRP’s Golden Cross:
XRP is inching closer to the $0.60 mark, a critical level that might signal a persistent uptrend if sustained. However, the recent gains are overshadowed by a declining trading volume, raising concerns about the uptrend's sustainability. 📉
🔹 Shiba Inu (SHIB) on Shaky Ground:
SHIB's recent upswing faces challenges as trading volume declines. The crucial 100 EMA crossing below the 200 EMA suggests a possible downtrend. SHIB is currently trading at $0.000014, with the 26 EMA adding resistance. 📉
🔹 Bitcoin’s Critical $60K Resistance:
Bitcoin has hit the $60,000 resistance level, a significant technical and psychological barrier. If BTC fails to break through this level, it could face downward pressure. The 50-day EMA is also posing resistance, and any failure to surpass these levels may lead to a market-wide decline. 🪙📉
🔍 What to Watch:
- XRP: Look for a potential golden cross but be cautious of declining volume.
- SHIB: Monitor the 100 EMA vs. 200 EMA crossover for signals of a longer decline.
- Bitcoin: Key levels at $60,000 and the 50 EMA are crucial for determining short-term market direction.
📈 Stay Tuned: Keep a close watch on these technical levels and market indicators as they may shape the direction of major cryptocurrencies in the near future. 🚀#MarketSentimentToday $XRP $BTC $SHIB #mememcoinseason2024
🔹 XRP’s Golden Cross:
XRP is inching closer to the $0.60 mark, a critical level that might signal a persistent uptrend if sustained. However, the recent gains are overshadowed by a declining trading volume, raising concerns about the uptrend's sustainability. 📉
🔹 Shiba Inu (SHIB) on Shaky Ground:
SHIB's recent upswing faces challenges as trading volume declines. The crucial 100 EMA crossing below the 200 EMA suggests a possible downtrend. SHIB is currently trading at $0.000014, with the 26 EMA adding resistance. 📉
🔹 Bitcoin’s Critical $60K Resistance:
Bitcoin has hit the $60,000 resistance level, a significant technical and psychological barrier. If BTC fails to break through this level, it could face downward pressure. The 50-day EMA is also posing resistance, and any failure to surpass these levels may lead to a market-wide decline. 🪙📉
🔍 What to Watch:
- XRP: Look for a potential golden cross but be cautious of declining volume.
- SHIB: Monitor the 100 EMA vs. 200 EMA crossover for signals of a longer decline.
- Bitcoin: Key levels at $60,000 and the 50 EMA are crucial for determining short-term market direction.
📈 Stay Tuned: Keep a close watch on these technical levels and market indicators as they may shape the direction of major cryptocurrencies in the near future. 🚀#MarketSentimentToday $XRP $BTC $SHIB #mememcoinseason2024
📰 Bitcoin Miners Hit 2024’s Lowest Daily Revenue: What’s Next? 📉
🔍 Key Highlights:
- 📉 Revenue Drops: Bitcoin miners recorded their lowest daily revenue of 2024 on August 11, earning just $2.54 million—a level last seen in October 2023.
- ⛏ Post-Halving Impact: The April 2024 halving event slashed mining rewards from 6.25 BTC to 3.125 BTC, leading to a significant dip in earnings.
- 🐻 Bear Market Struggles: A prolonged bear market, coupled with reduced Bitcoin prices, has further squeezed miners' profits.
- 💻 Rising Difficulty: Increased network difficulty is making it harder for miners to secure block rewards, raising operational costs.
- 💥 Liquidations: Market volatility and liquidations have also led to a drop in transaction fees, adding to the revenue decline.
💡 What’s Next for Bitcoin Miners?
With daily revenue dipping below $3 million, miners face tough choices. Major players like Bitfarms are upgrading their equipment to stay afloat, but the challenges of a bearish market, rising difficulty, and reduced rewards mean a new strategy is essential for survival.
🔗 Stay Updated: Keep an eye on this space for more insights into the evolving world of Bitcoin mining! 🚀#MarketSentimentToday $BTC $BTC $BTC #miningairdrops #MiningNews
🔍 Key Highlights:
- 📉 Revenue Drops: Bitcoin miners recorded their lowest daily revenue of 2024 on August 11, earning just $2.54 million—a level last seen in October 2023.
- ⛏ Post-Halving Impact: The April 2024 halving event slashed mining rewards from 6.25 BTC to 3.125 BTC, leading to a significant dip in earnings.
- 🐻 Bear Market Struggles: A prolonged bear market, coupled with reduced Bitcoin prices, has further squeezed miners' profits.
- 💻 Rising Difficulty: Increased network difficulty is making it harder for miners to secure block rewards, raising operational costs.
- 💥 Liquidations: Market volatility and liquidations have also led to a drop in transaction fees, adding to the revenue decline.
💡 What’s Next for Bitcoin Miners?
With daily revenue dipping below $3 million, miners face tough choices. Major players like Bitfarms are upgrading their equipment to stay afloat, but the challenges of a bearish market, rising difficulty, and reduced rewards mean a new strategy is essential for survival.
🔗 Stay Updated: Keep an eye on this space for more insights into the evolving world of Bitcoin mining! 🚀#MarketSentimentToday $BTC $BTC $BTC #miningairdrops #MiningNews
The upcoming interview between Elon Musk and Donald Trump is generating a lot of anticipation and speculation. Here's what to expect:
Topics Likely to Be Covered:
1. 2024 Presidential Campaign: Trump will likely discuss his ongoing campaign, emphasizing his views on the current administration and his plans if re-elected.
2. Relationship Between Trump and Musk: The interview may explore how their relationship has evolved, especially since Musk reinstated Trump's Twitter account and expressed support after the Pennsylvania incident.
3. Mainstream Media & "Radical Left": Both Trump and Musk have criticized mainstream media and what they refer to as the "Radical Left," so this could be a focal point.
4. Economy: Expect Trump to highlight his economic policies from his previous term and critique the current administration's handling of inflation, jobs, and trade.
5. Cryptocurrency: Given both figures' recent engagements with crypto, this might be touched upon, though likely not in great depth.
6. Foreign Policy: Trump might discuss his views on Ukraine, China, and NATO, while Musk could bring up broader topics like AI or space exploration.
Interview Dynamics:
- Unscripted and Unpredictable: Given both personalities, the conversation is likely to be spontaneous and unfiltered, with no guarantees on where it might lead.
- Potential Political Implications: This interview could be significant in shaping the 2024 election, especially with Musk's influence and potential political ambitions.
The exact timing and format of the interview remain unclear, adding to the intrigue surrounding this high-profile conversation.
Topics Likely to Be Covered:
1. 2024 Presidential Campaign: Trump will likely discuss his ongoing campaign, emphasizing his views on the current administration and his plans if re-elected.
2. Relationship Between Trump and Musk: The interview may explore how their relationship has evolved, especially since Musk reinstated Trump's Twitter account and expressed support after the Pennsylvania incident.
3. Mainstream Media & "Radical Left": Both Trump and Musk have criticized mainstream media and what they refer to as the "Radical Left," so this could be a focal point.
4. Economy: Expect Trump to highlight his economic policies from his previous term and critique the current administration's handling of inflation, jobs, and trade.
5. Cryptocurrency: Given both figures' recent engagements with crypto, this might be touched upon, though likely not in great depth.
6. Foreign Policy: Trump might discuss his views on Ukraine, China, and NATO, while Musk could bring up broader topics like AI or space exploration.
Interview Dynamics:
- Unscripted and Unpredictable: Given both personalities, the conversation is likely to be spontaneous and unfiltered, with no guarantees on where it might lead.
- Potential Political Implications: This interview could be significant in shaping the 2024 election, especially with Musk's influence and potential political ambitions.
The exact timing and format of the interview remain unclear, adding to the intrigue surrounding this high-profile conversation.
🚨 Bitcoin Slips Below $59K: Crypto Market Sees $132M in Liquidations 💥
🌐 The crypto market faced a turbulent day as Bitcoin dipped below the $59,000 mark, triggering a wave of liquidations across the board. With increased selling pressure, traders witnessed a major shakeout in the derivatives market, leading to significant losses. 📉
🔍 Key Highlights:
- Bitcoin Dips: BTC slipped to an intraday low of $58,315, after peaking at $61,868 earlier in the day. This marks a 3.8% drop over 24 hours, adding up to a 13.9% loss over the past two weeks. 💸
- Market Decline: The broader crypto market declined by 3.18%, bringing its total value down to $2.06 trillion, despite a 7.53% increase in global trading volume. 📊
- Massive Liquidations: According to Coinglass.com, a staggering 54,744 traders faced liquidations totaling $132.49 million by 5:15 p.m. EDT. Of this, $102.33 million were from long positions, with Bitcoin trades accounting for $25.95 million in losses. 💥
💔 Ethereum and Solana Hit Hard:
- Ethereum (ETH): ETH dropped to $2,540 after reaching $2,720 earlier, with long positions suffering $22.84 million in losses.
- Solana (SOL): SOL wasn't spared either, with long liquidations amounting to $8.37 million on Sunday. 😔
🔥 The largest single wipeout occurred on OKX, where an Ethereum trade resulted in a $2.17 million loss.
As prices across the crypto market remained volatile and selling pressure mounted, the impact on traders was significant. What are your thoughts on the recent crypto market downturn? Share your opinions in the comments below! 💬
#CryptoCrash #Bitcoin #Ethereum #Solana #MarketUpdate
$BTC $ETH $SOL
🌐 The crypto market faced a turbulent day as Bitcoin dipped below the $59,000 mark, triggering a wave of liquidations across the board. With increased selling pressure, traders witnessed a major shakeout in the derivatives market, leading to significant losses. 📉
🔍 Key Highlights:
- Bitcoin Dips: BTC slipped to an intraday low of $58,315, after peaking at $61,868 earlier in the day. This marks a 3.8% drop over 24 hours, adding up to a 13.9% loss over the past two weeks. 💸
- Market Decline: The broader crypto market declined by 3.18%, bringing its total value down to $2.06 trillion, despite a 7.53% increase in global trading volume. 📊
- Massive Liquidations: According to Coinglass.com, a staggering 54,744 traders faced liquidations totaling $132.49 million by 5:15 p.m. EDT. Of this, $102.33 million were from long positions, with Bitcoin trades accounting for $25.95 million in losses. 💥
💔 Ethereum and Solana Hit Hard:
- Ethereum (ETH): ETH dropped to $2,540 after reaching $2,720 earlier, with long positions suffering $22.84 million in losses.
- Solana (SOL): SOL wasn't spared either, with long liquidations amounting to $8.37 million on Sunday. 😔
🔥 The largest single wipeout occurred on OKX, where an Ethereum trade resulted in a $2.17 million loss.
As prices across the crypto market remained volatile and selling pressure mounted, the impact on traders was significant. What are your thoughts on the recent crypto market downturn? Share your opinions in the comments below! 💬
#CryptoCrash #Bitcoin #Ethereum #Solana #MarketUpdate
$BTC $ETH $SOL
🚀 Solana's Price Dips to $140: Is a Rebound on the Horizon?📈
📊 Market Snapshot:
- SOLUSDT up 3.09% 🔼
- SOLUSD up 3.03% 🔼
Solana (SOL) recently faced a downturn, correcting from its $162 resistance zone and slipping to the $140 mark. Investors are now keenly watching to see if SOL can muster a fresh rally above the $150 threshold. 🔍
🕵️ Price Movement Insights:
- Downside Correction: SOL began its descent below the $155 and $150 levels against the US Dollar, breaking a rising channel with support at $154 on the hourly SOL/USD chart. 📉
- Current Standing: Trading below $150 and the 100-hourly simple moving average, SOL touched a low of $141.29 and is now consolidating. 🛑
🔼 Potential Recovery Levels:
- Immediate Resistance: The $145 level poses the first hurdle, aligning with the 23.6% Fibonacci retracement of the recent drop from $158 to $141. 📶
- Key Resistance Zone: A significant barrier awaits at $150, corresponding to the 50% Fibonacci retracement of the mentioned move. Surpassing this could pave the way for targets at $155 and eventually $162. 🎯
🔽 Risks of Further Decline:
- Support Levels: Failure to breach the $150 resistance might see SOL testing supports at $142 and $140. A decisive break below $140 could usher in deeper corrections towards $132 and even $124. ⚠️
🛠️ Technical Indicators:
- MACD: Showing signs of slowing momentum in the bearish territory. 🐻
- RSI: Positioned below the 50 mark, indicating potential bearishness. 📉
Key Levels to Watch:
- **Support:** $142 and $135 🛡️
- Resistance: $150 and $155 🏹
Stay tuned for more updates as Solana navigates these critical price levels!
$SOL #Solana_Blockchain #SolanaUSTD
📊 Market Snapshot:
- SOLUSDT up 3.09% 🔼
- SOLUSD up 3.03% 🔼
Solana (SOL) recently faced a downturn, correcting from its $162 resistance zone and slipping to the $140 mark. Investors are now keenly watching to see if SOL can muster a fresh rally above the $150 threshold. 🔍
🕵️ Price Movement Insights:
- Downside Correction: SOL began its descent below the $155 and $150 levels against the US Dollar, breaking a rising channel with support at $154 on the hourly SOL/USD chart. 📉
- Current Standing: Trading below $150 and the 100-hourly simple moving average, SOL touched a low of $141.29 and is now consolidating. 🛑
🔼 Potential Recovery Levels:
- Immediate Resistance: The $145 level poses the first hurdle, aligning with the 23.6% Fibonacci retracement of the recent drop from $158 to $141. 📶
- Key Resistance Zone: A significant barrier awaits at $150, corresponding to the 50% Fibonacci retracement of the mentioned move. Surpassing this could pave the way for targets at $155 and eventually $162. 🎯
🔽 Risks of Further Decline:
- Support Levels: Failure to breach the $150 resistance might see SOL testing supports at $142 and $140. A decisive break below $140 could usher in deeper corrections towards $132 and even $124. ⚠️
🛠️ Technical Indicators:
- MACD: Showing signs of slowing momentum in the bearish territory. 🐻
- RSI: Positioned below the 50 mark, indicating potential bearishness. 📉
Key Levels to Watch:
- **Support:** $142 and $135 🛡️
- Resistance: $150 and $155 🏹
Stay tuned for more updates as Solana navigates these critical price levels!
$SOL #Solana_Blockchain #SolanaUSTD
🚀 Can a US-Based Solana ETF Overcome the Hurdles? Experts Weigh In 💡
📊 Market Snapshot:
- SOLUSD up 3.46% 📈
Brazil's recent approval of the first spot Solana ETF has ignited debates on whether the U.S. could follow suit. But financial experts are sounding alarms, pointing to significant challenges surrounding Solana’s native token, SOL. 🚧
💰 High Issuance Rates Raise Concerns:
A major roadblock to a U.S.-based Solana ETF is the high daily issuance of SOL tokens. Data from August 11 revealed an issuance of over 162,503 SOL, valued at around $25 million. These tokens, distributed to validators, are crucial for network security. However, critics worry this high rate could lead to increased selling pressure, destabilizing the token's long-term value. ⚠️
One vocal critic, known as *smartestmoney.eth*, questioned the demand for SOL, given the significant supply overhang. “Who will be the next marginal buyer of SOL when a supply overhang of 165,000 daily emissions—with more unlocks to come—overpowers the demand?” he asked. 💬
📉 Institutional Hesitation:
The absence of a U.S.-based ETF could deter institutional interest, especially as major players like Larry Fink pivot toward Ethereum. Robert Mitchnick, BlackRock’s head of digital assets, emphasized the disparity between Solana and more established cryptocurrencies like Bitcoin and Ethereum. He noted that smaller assets like Solana lack the maturity and liquidity needed to attract significant ETF investments. 💼
🚦 Solana's Stability Under Scrutiny:
Griffin Ardern, Head of BloFin Research & Options, highlighted Solana's past network stability issues as another significant obstacle. With multiple severe downtimes and even rollback incidents, there are concerns about whether the network is mature and stable enough to protect investor interests. 🌐
🔮 Looking Ahead:
Despite these challenges, there's still some optimism. Asset managers like VanEck and 21Shares have already filed for a Solana ETF in the U.S., and the SEC’s decision-making deadline is set for mid-March 2025. 📰✨ $SOL
📊 Market Snapshot:
- SOLUSD up 3.46% 📈
Brazil's recent approval of the first spot Solana ETF has ignited debates on whether the U.S. could follow suit. But financial experts are sounding alarms, pointing to significant challenges surrounding Solana’s native token, SOL. 🚧
💰 High Issuance Rates Raise Concerns:
A major roadblock to a U.S.-based Solana ETF is the high daily issuance of SOL tokens. Data from August 11 revealed an issuance of over 162,503 SOL, valued at around $25 million. These tokens, distributed to validators, are crucial for network security. However, critics worry this high rate could lead to increased selling pressure, destabilizing the token's long-term value. ⚠️
One vocal critic, known as *smartestmoney.eth*, questioned the demand for SOL, given the significant supply overhang. “Who will be the next marginal buyer of SOL when a supply overhang of 165,000 daily emissions—with more unlocks to come—overpowers the demand?” he asked. 💬
📉 Institutional Hesitation:
The absence of a U.S.-based ETF could deter institutional interest, especially as major players like Larry Fink pivot toward Ethereum. Robert Mitchnick, BlackRock’s head of digital assets, emphasized the disparity between Solana and more established cryptocurrencies like Bitcoin and Ethereum. He noted that smaller assets like Solana lack the maturity and liquidity needed to attract significant ETF investments. 💼
🚦 Solana's Stability Under Scrutiny:
Griffin Ardern, Head of BloFin Research & Options, highlighted Solana's past network stability issues as another significant obstacle. With multiple severe downtimes and even rollback incidents, there are concerns about whether the network is mature and stable enough to protect investor interests. 🌐
🔮 Looking Ahead:
Despite these challenges, there's still some optimism. Asset managers like VanEck and 21Shares have already filed for a Solana ETF in the U.S., and the SEC’s decision-making deadline is set for mid-March 2025. 📰✨ $SOL
🚀 Asia Shares Rise Amid Hope for Benign U.S. Inflation! 🌏
📈 Market Highlights:
- Nikkei Futures up 0.56% 📊
- S&P 500 Futures flat 📉
- Dollar edges up on Yen 💱
Asian markets are kicking off the week on a positive note, with shares broadly firmer across the region. Japan’s holiday has brought some calm to recent volatility, while investors eagerly anticipate key U.S. and Chinese economic data that could shape the global growth outlook. 🌐
🔍 Eyes on U.S. CPI Data:
The Federal Reserve is watching U.S. consumer prices closely this Wednesday. Economists predict a 0.2% rise in both headline and core inflation, with the annual core potentially slowing to 3.2%. This could boost confidence that disinflation is on track, possibly paving the way for a rate cut in September. However, a core rate still above target might argue against a larger 50bp cut. 📉💸
🛍 U.S. Retail Sales Resilient:
Expectations are high for a 0.8% month-on-month increase in July retail sales, signaling ongoing consumer strength driven by solid income and wealth. Alongside this, data on industrial output, housing starts, and regional manufacturing surveys will provide more insights into the economy’s health. 🏘🏭
🔮 Global Market Pulse:
- Nikkei Futures trading at 35,570, recovering from last week’s plunge 📈
- MSCI Asia-Pacific Index outside Japan up 0.3%, led by a 1.5% bounce in Taiwan 🇹🇼
- EuroStoxx 50 Futures rose 0.5%, FTSE Futures up 0.4% 📊
In the U.S., S&P 500 and Nasdaq futures are slightly up in thin trading, with 91% of S&P 500 companies reporting earnings, 78% of which have beaten expectations. 🔥
🔄 Currency & Commodities:
- The dollar nudges up 0.3% against the yen, while the euro remains steady. Experts suggest that the yen's weakness could continue due to structural outflows from corporate foreign investments. 💹
- Gold holds at $2,424 an ounce, and Oil prices inch up amid concerns over escalating Middle East tensions. Brent crude rose to $79.88 per barrel, while U.S. crude is up to $77.22. 🛢
Stay tuned as the week unfolds with critical data releases and market moves! 📊✨
📈 Market Highlights:
- Nikkei Futures up 0.56% 📊
- S&P 500 Futures flat 📉
- Dollar edges up on Yen 💱
Asian markets are kicking off the week on a positive note, with shares broadly firmer across the region. Japan’s holiday has brought some calm to recent volatility, while investors eagerly anticipate key U.S. and Chinese economic data that could shape the global growth outlook. 🌐
🔍 Eyes on U.S. CPI Data:
The Federal Reserve is watching U.S. consumer prices closely this Wednesday. Economists predict a 0.2% rise in both headline and core inflation, with the annual core potentially slowing to 3.2%. This could boost confidence that disinflation is on track, possibly paving the way for a rate cut in September. However, a core rate still above target might argue against a larger 50bp cut. 📉💸
🛍 U.S. Retail Sales Resilient:
Expectations are high for a 0.8% month-on-month increase in July retail sales, signaling ongoing consumer strength driven by solid income and wealth. Alongside this, data on industrial output, housing starts, and regional manufacturing surveys will provide more insights into the economy’s health. 🏘🏭
🔮 Global Market Pulse:
- Nikkei Futures trading at 35,570, recovering from last week’s plunge 📈
- MSCI Asia-Pacific Index outside Japan up 0.3%, led by a 1.5% bounce in Taiwan 🇹🇼
- EuroStoxx 50 Futures rose 0.5%, FTSE Futures up 0.4% 📊
In the U.S., S&P 500 and Nasdaq futures are slightly up in thin trading, with 91% of S&P 500 companies reporting earnings, 78% of which have beaten expectations. 🔥
🔄 Currency & Commodities:
- The dollar nudges up 0.3% against the yen, while the euro remains steady. Experts suggest that the yen's weakness could continue due to structural outflows from corporate foreign investments. 💹
- Gold holds at $2,424 an ounce, and Oil prices inch up amid concerns over escalating Middle East tensions. Brent crude rose to $79.88 per barrel, while U.S. crude is up to $77.22. 🛢
Stay tuned as the week unfolds with critical data releases and market moves! 📊✨
📉 Why Is the Crypto Market Down Today? 📉
🔻 The crypto market has experienced a significant pullback over the last 72 hours, with Bitcoin (BTC) dropping below the critical $60,000 mark. The total crypto market cap (TOTAL) is also feeling the pressure, correcting after a recent surge that saw it add more than $210 billion in just one day.
🛑 What’s Happening in the Market?
- BTCUSD: Bitcoin’s price has dropped by 0.23%, slipping below the crucial support level of $60,000 and currently trading at $58,300. If BTC fails to hold $58,200, it could fall further to $54,500. However, a minor recovery or sideways movement could help Bitcoin reclaim the $60,000 support, keeping the uptrend alive with a target of $70,000.
- Akash Network: Among altcoins, Akash Network saw the steepest decline, losing 11% in just one day. Despite this, AKT is still maintaining its overall uptrend, with potential to flip resistance at $2.68 into support. A successful breach could push the altcoin higher, targeting $3.02, though failure could see it stuck under this level, risking a loss of bullish momentum.
📰 In the News:
- Crypto Exchanges Push Back: Crypto.com and Coinbase have joined forces in criticizing the Commodity Futures Trading Commission (CFTC) over a proposed rulemaking notice, calling the rules overreaching.
- BlackRock’s Ethereum ETF: BlackRock’s spot Ethereum ETF (ETHA) has been a bright spot, amassing over $900 million in the last three weeks and nearing $1 billion in inflows.
📊 Market Cap Analysis:
The total crypto market cap currently sits at $2.00 trillion, down from a peak after adding $210 billion in a single day. The market has seen outflows of over $100 billion in the last three days. Holding above the $2.00 trillion support is crucial for preventing further declines. If TOTAL can reclaim support at $2.11 trillion, it could spark a recovery for the broader crypto market.
#MarketDownturn #SahmRule #MtGoxJulyRepayments $BTC $ETH $SOL
🔻 The crypto market has experienced a significant pullback over the last 72 hours, with Bitcoin (BTC) dropping below the critical $60,000 mark. The total crypto market cap (TOTAL) is also feeling the pressure, correcting after a recent surge that saw it add more than $210 billion in just one day.
🛑 What’s Happening in the Market?
- BTCUSD: Bitcoin’s price has dropped by 0.23%, slipping below the crucial support level of $60,000 and currently trading at $58,300. If BTC fails to hold $58,200, it could fall further to $54,500. However, a minor recovery or sideways movement could help Bitcoin reclaim the $60,000 support, keeping the uptrend alive with a target of $70,000.
- Akash Network: Among altcoins, Akash Network saw the steepest decline, losing 11% in just one day. Despite this, AKT is still maintaining its overall uptrend, with potential to flip resistance at $2.68 into support. A successful breach could push the altcoin higher, targeting $3.02, though failure could see it stuck under this level, risking a loss of bullish momentum.
📰 In the News:
- Crypto Exchanges Push Back: Crypto.com and Coinbase have joined forces in criticizing the Commodity Futures Trading Commission (CFTC) over a proposed rulemaking notice, calling the rules overreaching.
- BlackRock’s Ethereum ETF: BlackRock’s spot Ethereum ETF (ETHA) has been a bright spot, amassing over $900 million in the last three weeks and nearing $1 billion in inflows.
📊 Market Cap Analysis:
The total crypto market cap currently sits at $2.00 trillion, down from a peak after adding $210 billion in a single day. The market has seen outflows of over $100 billion in the last three days. Holding above the $2.00 trillion support is crucial for preventing further declines. If TOTAL can reclaim support at $2.11 trillion, it could spark a recovery for the broader crypto market.
#MarketDownturn #SahmRule #MtGoxJulyRepayments $BTC $ETH $SOL