Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
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At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million. Bitcoin ETFs Shine with $252M Inflows; Ether Funds Dip by $5.7M Spot bitcoin ETFs achieved their highest inflow since late July,
Spot bitcoin ETFs achieved their highest inflow since late July, with the 12 funds collectively pulling in $252 million on Friday. Leading the charge, Blackrock’s IBIT added $86.83 million to its coffers, bringing its total net inflows since Jan. 11, 2024, to an impressive $20.71 billion. Fidelity’s FBTC followed, gathering $64 million, while Grayscale’s Mini Bitcoin Trust absorbed $50.83 million.
Bitwise’s BITB recorded $42.26 million in inflows, and Ark Invest’s and 21shares’ ARKB fund pulled in $23.81 million. Vaneck’s HODL added $14.38 million, and the Inveso and Galaxy-backed BTCO captured $3.18 million. Valkyrie’s BRRR rounded out the day with a $2.25 million gain.
Meanwhile, Grayscale’s Bitcoin Trust (GBTC) faced a challenging day, shedding $35.55 million.
EZBC, BTCW, and DEFI all remained neutral, with neither inflows nor outflows recorded. Friday’s $252 million influx pushed cumulative net inflows since Jan. 11 to a total of $17.88 billion, with approximately $3.12 billion in trade volume registered yesterday. Currently, the 12 bitcoin ETFs hold $58.43 billion in bitcoin reserves, representing 4.65% of bitcoin’s total market capitalization.
#BitcoinETF #EthereumETF #BlackRock #CryptoNews $BTC $ETH $SOL
$ORDI /USDT Analysis
Ordi ($ORDI/USDT) is currently testing a significant resistance level at $36.88 after a strong upward push. The price action around this level will be crucial in determining the next move for ORDI.
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Key Levels to Watch:
Resistance: $36.88Support: $35.03
Breakout Possibilities:
Bullish Breakout:
If ORDI breaks above the $36.88 resistance level with strong buying momentum, it could pave the way for a continued rally. The next potential targets could be in the $38 - $40 range, driven by bullish sentiment.
Bearish Rejection:
Should ORDI fail to break above $36.88 and face rejection, a pullback towards the $35.03 support level is likely. A break below this support could lead to a deeper correction, potentially testing lower support levels around $33.
Market Sentiment:
Monitor trading volume and overall market sentiment closely. A breakout with significant volume could confirm a bullish continuation, while a rejection might signal a consolidation or retracement.
Ordi's price action at this critical resistance level will be key to its short-term direction. Stay prepared for both a potential breakout or a pullback. 📈 #ordi #BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek #SahmRule
Bullish Pattern Targets $80K, but Bearish Clouds Hover
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Bitcoin is currently showing a strong bullish signal as its price breaks through key resistance levels in the short term. This breakout has resulted in a significant short squeeze, where various short positions have been liquidated, driving the price even higher.
According to analyst Josh of Crypto World, on the daily Bitcoin chart, a noticeable decline in the U.S. Dollar Index (DXY) was observed. The DXY crashing is generally bullish for Bitcoin and the broader crypto market, as they tend to rise when the dollar weakens. The analyst points out that this bearish trend in the DXY has been a strong bullish indicator for Bitcoin, and recent price movements have confirmed this.
The price action is still within a large descending broadening wedge pattern. The resistance line for this pattern is at approximately $68,500, while the support line is around $53,000. As long as Bitcoin’s price remains below this resistance, with lower highs being formed, the trend technically remains bearish.
However, if Bitcoin manages to break above the $68,500 to $69,000 range and closes above it on the daily chart, it would signal a bullish shift, potentially targeting the $80,000 range.
Bitcoin’s Recent Price Movements and Resistance Levels
In the short term, Bitcoin has broken out above key resistance levels, which are now acting as support.
Specifically, the resistance between $60,000 and $61,000, and the resistance at around $62,800 to $62,900, have been surpassed. These levels should now serve as support. If Bitcoin fails to hold above $62,800, the next support level would be at $60,000 to $61,000.
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Bitcoin Price Rises as Fed Chair Jerome Powell Signals Rate Cut Is Imminent
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Fed Chair Jerome Powell said Friday that the "time has come for policy to adjust," suggesting an interest rate cut is finally on the horizon.
The price of Bitcoin rose Friday as Federal Reserve Chairman Jerome Powell teed up rate cuts in the coming months, signaling the U.S. central bank is pleased with cooling inflation while being more attentive to growing weakness in the labor market.
“The direction of travel is clear, and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks,” he said while delivering a keynote address at this year’s Jackson Hole Economic Policy Symposium in Wyoming.
Bitcoin’s price had risen 1.8% to $61,500 over the past day, as of this writing, but briefly popped above $62,000 following Powell's comments. Meanwhile, the price of Ethereum and Solana had increased 2.7% and 2.1%, respectively, to $2,675 and $145.
At this point, markets are confident that the Fed will ease up in its inflation fight after holding its benchmark interest rate steady since July 2023. As of this writing, traders penciled in a 32% chance that the Fed cuts rates by 0.50% in September, while assigning a 67% chance to a 0.25% rate cut, according to CME Fedwatch.
#FED #FedChair #JeromePowell #CryptoNews #Bitcoin $BTC $SOL $XRP
🛑🚨Russia's Crypto Expansion: A Strategic Move 🚀🌏⤴️🪙
$BTC $NOT
{spot}(NOTUSDT)
{spot}(BTCUSDT)
Russia is making a bold move in the cryptocurrency space by launching two crypto exchanges in Moscow and St. Petersburg. This initiative aims to boost foreign economic activity, reduce dependency on the US dollar, and enhance economic cooperation among BRICS nations. The exchanges will utilize stablecoins pegged to the Chinese yuan and BRICS currencies, creating a new platform for digital transactions.
The introduction of a BRICS stablecoin is a significant aspect of this plan. By pegging the stablecoin to a basket of currencies from Brazil, Russia, India, China, and South Africa, Russia seeks to reduce its reliance on the US dollar and promote economic cooperation among these nations. This move has the potential to increase the adoption of digital currencies and diversify Russia's economy.
However, experts warn of significant risks associated with this initiative. Sanctions imposed on Russia could impact the success of these exchanges, and there is a risk of transaction data leaks. To mitigate these risks, it's crucial for Russia to establish a secure and compliant framework for these exchanges and ensure robust data protection measures.
Russia's crypto expansion is a strategic move to strengthen its economic position and reduce dependence on external factors. By embracing digital currencies and fostering economic cooperation with BRICS nations, Russia aims to create a more resilient and diversified economy.
Bitcoin Futures Hit $65,000 Mark
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In a significant surge, Bitcoin‘s price has reached $65,000 in futures trading, demonstrating strong bullish momentum.
Additionally, Samson Mow, CEO of JAN3 and prominent Bitcoin maximalist, has made impactful comments regarding Bitcoin’s valuation, igniting discussions within the cryptocurrency community. His insights were highlighted on social media, capturing widespread attention.
Will Bitcoin Prices Hit $100,000?
Mow believes that Bitcoin’s current price is still a bargain, suggesting that the $100,000 mark will be a crucial threshold for the end of Bitcoin’s “sale.” He conveyed these thoughts via a tweet, emphasizing that any current price point under $100,000 is an opportunity to buy Bitcoin at a discount.
Furthermore, Mow projects that Bitcoin will surpass the $1 million mark within a year from this summer. He attributes this potential surge to the increasing recognition of Bitcoin as a superior asset, particularly among those who understand monetary systems and residents of countries experiencing high inflation and authoritarian governance.
What Drives Bitcoin’s Recent Price Increase?
On August 23, Bitcoin experienced a significant price hike, rising over 6% from $60,700 to nearly $65,000 before stabilizing around $64,230. This increase was fueled by Federal Reserve Chairman Jerome Powell’s comments on the imminent possibility of a rate cut, signaling the Fed’s intention to reduce interest rates after a prolonged period.
However, reports from the Wall Street Journal indicate that future rate decisions will depend on the U.S. economy’s risk balance. Meanwhile, in the BTC/TRY pair, Bitcoin saw a slight increase to 2,189,663 Turkish Lira, up by 0.47%.
#Bitcoin #BTC #BullRun #Memecoins #Altcoins $BTC $ETH $SOL
🚀 Crypto Market Update! 🚀
The broader crypto market has surged by 3.6%, with Solana (SOL) leading the charge! SOL saw a 10.2% increase in the last 24 hours, hitting $158.25. Trading volume soared to $4 billion, making SOL the third most traded crypto after Bitcoin (BTC) and Ethereum (ETH).
- **BTC**: Up 5% to $64,164
- **ETH**: Up 6.61% to $2,771
Solana's spike follows hints from Fed Chair Jerome Powell about a potential interest rate cut in September. Crypto analyst Ali Martinez suggests SOL could hit $164 soon, possibly surging to $220! 📈
Other notable gainers:
- **SATS**: +28%
- **WIF**: +20.8%
- **BONK**: +14.4%
What do you think? Share your thoughts in the comments! 💬
Read more: SEC lawsuit against Kraken to proceed: ruling
Super Bullish Ripple (XRP) Price Prediction, But Some Worrying Signs Appear
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The cryptocurrency market exploded in the past 24 hours. Almost all of the cryptocurrencies are trading in the green, and Ripple’s XRP is no exception.
Now, a popular analyst has come up with a rather bullish price prediction, but some other metrics are also worth watching.
Ripple (XRP) Price Can Go Crazy
According to DustyBC, a well-known analyst with over 150,000 followers on X and across other channels, the XRP price could go “crazy.”
His chart, although rather simple, shows XRP trading towards the upper boundary of a flag pattern, which, if broken to the upside, could propel a move toward $2. This would mark an increase upwards of 3X from the current level.
As CryptoPotato reported yesterday, XRP’s gains topped 9% on a weekly basis, and the bias is leaning toward bullish.
The momentum might be better, but if the cryptocurrency is indeed to break the pattern to the upside, this could result in increased volume and subsequent gains.
What About Other XRP Metrics?
A notable decline in some on-chain metrics can be noticed.
For example, the number of payments from one account to another has declined by 26% over the past week.
The number of active accounts (unique senders) is also down by more than 50% in the past day.
The number of transactions executed on the XRPL dropped as well today and it’s interesting to monitor if this is because of the lower activity during the weekend or if some sort of a more worrying trend is forming.
#XRP #SEC #Ripple #Altcoins #CryptoNews $XRP $SOL $BTC
Hong Kong’s Spot Bitcoin ETFs Attract Significant Inflows Amid Rising Interest
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Hong Kong’s spot Bitcoin ETFs have recently gained 274 bitcoins, valued at HK$2 billion (about $15 million). The surge in investment reflects growing interest in regulated Bitcoin investments among Asian investors.
Hong Kong’s spot Bitcoin ETFs gained 274 bitcoins worth HK$2 billion, driven by significant inflows into the ChinaAMC Bitcoin ETF.
Two ETFs managed by China and Harvest Asset Management control over 63% of Hong Kong’s Bitcoin ETF market, totaling HK$1.337 billion.Despite recent gains, Hong Kong’s Bitcoin ETFs still lag behind U.S. counterparts, with initial inflows reaching only $14 million.
Hong Kong’s spot Bitcoin ETFs have recently gained 274 bitcoins, valued at HK$2 billion (about $15 million). The surge in investment reflects growing interest in regulated Bitcoin investments among Asian investors.
ChinaAMC Bitcoin ETF Sees Record Inflows
The China Asset Management Bitcoin ETF led the way, receiving around $15 million in a single day, marking its largest inflow since July 12th.
Meanwhile, the other two Hong Kong spot Bitcoin ETFs, Bosera Hashkey and Harvest, did not see any inflows on the same day. The significant investment in the ChinaAMC ETF highlights its appeal among investors keen on tapping into the Asian Bitcoin market through regulated channels.
Two Bitcoin ETFs managed by China Asset Management and Harvest Asset Management have emerged as market leaders.
These ETFs, operated in partnership with the digital asset trading platform OSL, now control assets worth HK$1.337 billion ($171.5 million), which accounts for over 63% of the total Bitcoin ETF market in Hong Kong.
#HonkKong #Bitcoin #Crypto #Altcoins #BinanceLaunchpoolDOGS $BTC $ETH $SOL
Blast Off: 5 Memecoins Ready to Launch into Stratospheric Success🤯💥📈
With Bitcoin dipping below $75,000, the stage is set for an explosive memecoin surge. These five trending coins are making waves and could be your ticket to incredible gains:
Ponke (PONKE): Trading between $0.51 and $0.79, this promising token has already seen a 469% increase in the last six months. A 40x boost could be just around the corner.
Brett (BRETT): With a trading range of $0.13 to $0.18 and a recent 294% surge, Brett is eyeing a potential leap. Could $0.19 be just the beginning of a 60x rise?
Super Trump (STRUMP): At $0.0172, this token shows bullish signs with a potential rise to $0.02-$0.0269, setting the stage for up to 50x growth.
Shiba Inu ($SHIB ): From $0.00001711 to $0.000002672, Shiba Inu has soared by 70.68% in the last six months. A climb to $0.00002180-$0.00002619 could lead to a 60x return.
Pepe ($PEPE ): Currently trading around $0.0000132, Pepe has seen a staggering 987.18% increase. Breaking past $0.0000216 could open the door for up to 60x growth.
These memecoins are teetering on the edge of explosive growth. Get in now and ride the potential wave of profits! But always remember to do your research and invest wisely.
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🚨 $BTC Alert: A Major Price Shift on the Horizon?
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Is Bitcoin Gearing Up for a Big Move? What’s in Store?
$59K Revisit or $69K Breakthrough?
Don't Overlook This Crucial Analysis!
#Bitcoin❗ is currently holding steady at $64.3K, displaying strong bullish momentum. Recent futures liquidation insights point to critical levels at $64.8K and $65.5K, hinting at a possible price surge in the near term.
Looking at the bigger picture, monthly trends reveal substantial liquidation zones around $67K and $69K. We anticipate an initial test at $65K, potentially followed by a rally toward $75K in the coming weeks.
#Altcoins👀🚀 are also signaling bullish trends, presenting a favorable moment for both short-term trades and long-term investments. This could be an ideal time to consider strengthening your portfolio positions.
#BTC☀ #Write2Earn! #BinanceBlockchainWeek
$PEPE Coin Breakout:
$PEPE is pumping, up 13% in the last 24 hours to $0.0000092! This significant price surge is a bullish signal, especially considering PEPE's historical performance, where it has closed above its opening price 49.11% of the time.Although PEPE is still trading at a discount from its recent peak of $0.0000167, reached just 2 months ago, the current price represents a potential buying opportunity. The 44.70% pullback from its high could be an attractive entry point for traders looking to capitalize on PEPE's potential rebound.
With PEPE's recent momentum and relatively discounted price, traders may see this as a chance to accumulate before a potential breakout. Keep a close eye on PEPE's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $0.0000120 level could indicate a potential reversal, and a retest of the $0.0000167 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the PEPE wave and potentially profit from a significant rebound.
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC
Altcoins Take the Lead: Bitcoin Takes a Backseat as They Soar to New Heights 🤯💥📈
Sundog (SUNDOG) chart One of the first memecoins launched via Sun Pump, SUNDOG has risen by 37 percent in the last 24 years. According to market changes on the Tron blockchain, the largest memecoin was one of the highest-rising altcoins of the day.SUNDOG accumulated a trading volume of over $60 million in the last 24 hours, reaching $257 million in market units.$BTC
1000SATS (#SATS ) , one of the Ordinals structures produced on the Bitcoin blockchain, became the third highest-earning altcoin of the day. SATS has risen by 25 percent in the last 24 years.SATS, which recorded a trading volume of $160 million in the last 24 years, attracted attention. SATS, a memecoin inspired by Satoshi, concentrated in the $833 million market.
Popcat Popular memecoin Popcat (POPCAT), located on the Solana block, continues its bull run. The cat-shaped memecoin has increased by 24 percent in the last 24 years.The memecoin, which took action after Binance listed it in turnover transactions, has increased by 70 percent in the last week.POPCAT has supported a transaction volume of $155 million in the last 24 years and reached $725 million in market information.
🔔 Te presento un Análisis técnico sobre $DOGE /USDT;
Luego de una caída a la baja en $DOGE , nuevamente comenzó una tendencia alcista. Si $BTC no baja a 64k, debe subir y alcanzar el máximo anterior.
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🔹️Precio actual: $0,1119
🔰Resistencia: $0,11392
🔰Soporte: $0,11170
⬆️Operación larga: ingrese por encima de $0,11392 con objetivos en $0,11500 y $0,11650, con un stop loss en $0,11170.
⬇️Operación corta: ingrese por debajo de $0,11170 con objetivos en $0,11050 y $0,10900, con un stop loss en $0,11392.
🔁Este análisis sugiere un seguimiento minucioso de los niveles clave mencionados, ya que el mercado podría moverse en cualquier dirección en función de estos puntos críticos.
#Write2Earn! #CryptoMarketMoves #BinanceBlockchainWeek #DogeStrong
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Wealth Advisor Reveals Why Ripple’s ODL Could Influence XRP Prices
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Will Ripple’s ODL impact XRP Prices? Well Mickle, a notable wealth advisor and market commentator, recently took to X to share why he believes that Ripple’s ODL will impact the XRP prices. His arguments are contrary to claims that the buy and sell dynamics involved in ODL transactions cancel each other out.
Mickle highlighted that while some critics argue that the buy and sell transactions in ODL are neutral to XRP’s price, they are missing out on a crucial aspect. In his opinion, this is the necessity for market makers to hold reserves of XRP.
Market makers, who facilitate these transactions, must accumulate XRP to ensure they can meet demand. As ODL transactions increase globally, the demand for XRP among market makers also rises, leading to higher accumulation of the token.
Mickle argues that this will naturally drive up the price of XRP. He further asserts that the expansion of ODL globally will necessitate even more market makers to hold XRP in their reserves. The increased demand, combined with the finite supply of XRP, should logically result in an upward pressure on its price.
Mickle highlighted that while some critics argue that the buy and sell transactions in ODL are neutral to XRP’s price, they are missing out on a crucial aspect. In his opinion, this is the necessity for market makers to hold reserves of XRP.
Market makers, who facilitate these transactions, must accumulate XRP to ensure they can meet demand. As ODL transactions increase globally, the demand for XRP among market makers also rises, leading to higher accumulation of the token.
#XRP #Ripple #SEC #Altcoins #MtGoxRepayments $XRP $BTC $BTC
$DOT Coin Analysis:
$DOT is showing signs of life, up 3% in the last 24 hours to $4.87! This modest gain is a positive signal, especially considering DOT's historical performance, where it has closed above its opening price 49.97% of the time.
Although DOT is still trading at a deep discount from its all-time high of $53.31, reached 2 years and 9 months ago, the current price represents a potential buying opportunity. The 90.86% pullback from its peak could be an attractive entry point for traders looking to capitalize on DOT's potential long-term rebound.
With DOT's recent stability and relatively discounted price, traders may see this as a chance to accumulate before a potential breakout. Keep a close eye on DOT's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $6.00 level could indicate a potential reversal, and a retest of the $10.00 level is not out of the question. This could be a lucrative opportunity for traders looking to ride the DOT wave and potentially profit from a significant rebound.
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC
HONG KONG'S BITCOIN ETF BOOM
Hong Kong’s Bitcoin ETFs just crossed HK$2 billion ($256 million) in assets.
They pulled in 247 BTC this week, pushing their total to 4,450 BTC—up 5.9%.
The top two ETFs, from China Asset Management and Harvest Asset Management, are holding HK$1.337 billion and the third has HK$776 million.
While still trailing the US, this boost shows Hong Kong’s crypto game is heating up!
🚀✨💫 #Crypto
🆘 ÚP TREND HAY ÚP BÔ 🆘
Có một sự thật rằng đa phần nhà đầu tư đều nghĩ đầu tư tài chính nói chung và crypto nói riêng là dễ kiếm tiền nhưng lại không bao giờ đặt ra câu hỏi tiền đâu mà nhiều thế để có thể chia cho nhiều người.
Tiền chỉ có giới hạn trong khi token thì mọc ra như nấm mỗi ngày thì làm sao mà đủ tiền để đẩy giá tất cả token và có thể nhiều người chưa biết tại sao token mọc ra như nấm mỗi ngày là do đa số token sau khi ra đời list sàn giao dịch một thời gian sẽ thường đi theo mô hình thác nước chảy, sau đó cầm cự, trong thời gian này lại đem tiền đi làm dự án khác và token mới lại tiếp tục ra đời và lại tiếp tục theo mô hình thác nước chảy, không phải đâu xa ngay sàn như Binance đã có rất nhiều dự án launchpool mùa trước đã delist ở mùa hiện tại.
Thị trường crypto, cụ thể đa số altcoin theo cá nhân tôi nhìn nhận vẫn là miếng bánh ngon cho đội dev, quỹ và nhà tạo lập hút máu nhà đầu tư. Tôi vẫn đang tích luỹ những sai lầm trong đầu tư ở các mùa trước và riêng ở mùa hiện tại đã cho tôi khá nhiều bài học và tôi vẫn luôn củng cố niềm tin của bản thân rằng, phải rèn luyện được tính kiên nhẫn, chịu đựng mọi cung bậc cảm xúc lúc thị trường lên xuống, cùng với đó là chờ đợi vùng giá tích luỹ đi ngang trong thời gian dài mới cân nhắc mua vào DCA trung bình giá.
Chú ý: Bài viết là góc nhìn cá nhân, không phải lời khuyên đầu tư. #BecomeCreator #HotTrends #MarketDownturn
Ethereum Foundation Transfers 94 Million ETH—Price Rally to Stall?
Ethereum (ETH) and other crypto assets rose 6% on Friday after US Federal Reserve Chairman Jerome Powell signaled a rate decrease. Ethereum rose 6.38% to over $2800. Despite the optimistic crypto market, the Ethereum Foundation (EF), a non-profit that supports Ethereum, has sold a lot of ETH.
Ethereum Foundation Conducts 2024 Largest ETH Sale
Spot on Chain reports that the EF, which funds essential Ethereum network projects, has been selling tiny chunks of its assets in recent months, culminating in 2516 ETH for $7.4 million DAI.
Friday saw the Ethereum Foundation deposit 35,000 ETH worth $93.8 million on Kraken, its highest selling transaction of 2024. Whale transactions of this scale frequently get notice because they predict the market's future move.
The Ethereum Foundation's newest auction has been particularly speculative owing to its direct relationship with the Ethereum network, with some ETH aficionados seeing it as a pessimistic indication. ETH has dropped 1.3% in the hours after the sale.
An expected September Fed rate decrease keeps market mood positive. Lower interest rates encourage investors to buy volatile assets like cryptocurrency. After Powell's statement on Friday, analysts expect a 30-50bps rate drop, which might boost ETH.
The latest price spike may also mitigate the quick expiration of 140,000 ETH options. The assets' current price ($2750) is much beyond the max pain point of these options at $2625, meaning maximum financial losses would occur at option expiry at this market price. Finally, the Ethereum Foundation has 273,273.96 ETH worth $754.76 million. Although noteworthy, their last market transaction does not show a lack of faith in Ethereum.
After Friday's price surge, Ethereum trades at $2750. Long-term traders foresee a steady price increase because the cryptocurrency is still 20.48% behind on its monthly chart.
#BlackRockETHOptions #PowellAtJacksonHole #CryptoMarketMoves $ETH
{spot}(ETHUSDT)
🇯🇵 DMM Crypto explores stablecoin launch under Japan’s regulations
Japan’s DMM Group, along with its subsidiary DMM Crypto, is partnering with blockchain developer Progmat to explore the launch of a stablecoin under existing local regulations, according to an Aug. 23 statement. Initially, the stablecoin will be integrated into DMM’s digital economy project, Seamoon Protocol. It will be designed to enhance stability and ultimately boost the value of the network’s planned native SMP token.
#Write2Earn! #Write2Earn #write2earn
🇷🇺 Russia to launch crypto exchanges for global trade in Moscow and St Petersburg
Russia is reportedly exploring the establishment of two crypto exchanges to facilitate foreign economic activities, local media outlet Kommersant reported on Aug. 23. Mikhail Uspensky, a member of the State Duma’s legislative committee on crypto regulation, stated that these exchanges will initially be available to a limited number of users. However, they will eventually be made available to major firms, including exporters and importers in the country.
#Write2Earn! #Write2Earn #write2earn
0x Protocol (ZRX)
Similar to JITO, the 0x protocol token shows a new bullish uprising with a seven-day streak of bullish candles. The upcycle in the ZRX price accounts for a 17% surge and results in a long-coming resistance trendline breakout.
Furthermore, the uptrend surpasses the 50D EMA, and the bullish influence gives a positive crossover in the VI lines. Based on the Fibonacci levels, the breakout rally can find the 23.60% level with the 200D EMA as the next critical resistance.
A breakout run above this level will increase the likelihood of the DeFi token gearing up to reach $1.33. Optimistically, the bull run in the altcoin season could find the 1.618 level at $3.71 within reach. $ZRX
{spot}(ZRXUSDT)
DOGS Bulls Unleashed: Will a 15% Surge Follow the Recent 20% Rally?
DOGS (Dogs), the popular meme coin, is experiencing a surge of bullish activity following its recent listing on major exchanges. The coin has already seen a significant 20% increase in value, and market analysts are speculating that a further 15% jump is imminent.
As the DOGS community grows and more investors gain exposure to the token, the potential for continued price appreciation is high. The listing on major exchanges has increased liquidity and accessibility, making it easier for traders to buy and sell DOGS.
However, it's important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. While the current bullish sentiment is promising, there are no guarantees of future price movements.
Key factors that could influence DOGS' price trajectory include:
Community Growth: A larger and more engaged community can drive demand for the token.
Exchange Listings: Additional listings on major exchanges can increase liquidity and exposure.
Development Updates: Progress on the DOGS project's roadmap can impact investor sentiment.
Market Trends: Broader cryptocurrency market trends can influence the price of individual coins.
As the DOGS ecosystem continues to evolve, investors will be closely watching to see if the recent price surge is just the beginning of a more extended uptrend.
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$IMX /USDT Analysis: [Vote 🗳️ for more signals](https://app.binance.com/uni-qr/cpro/Bitcoin_master?l=en&r=843490823&uc=web_square_share_link&us=copylink)
Current price: $1.474
Resistance levels:
- Immediate resistance is around $1.482, which is close to the current price. If $IMX breaks this level with strong volume, it could signal a continuation of the bullish trend.
Support levels:
- Immediate support can be found near $1.450. If the price retraces, holding above this level will be crucial for maintaining bullish momentum.
Trend overview:
- $IMX has shown strong upward momentum over the past few hours, with the price steadily climbing from around $1.30 to $1.474.
- The 4-hour chart shows a series of higher highs and higher lows, indicating a strong uptrend.
- Volume is increasing, which suggests growing interest and confidence in the upward movement.
Trading strategy:
- Long trade: Consider entering a long position if IMX breaks above the immediate resistance at $1.482 with a target at $1.50 and higher. Stop loss can be set below the $1.450 support level.
- Short trade: If IMX fails to hold above $1.450 and shows signs of reversal, a short trade could be considered, targeting the next support levels around $1.40.
Outlook:
- The overall trend is bullish, but traders should watch for any signs of exhaustion or rejection at key resistance levels. If the current momentum continues, IMX could see further upside, especially if it breaks through the $1.482 resistance.
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{spot}(IMXUSDT)
The start of the month was extremely bearish, with BTC prices dropping below $50,000. However, as the trade is heading towards the end of the month, the bulls appear to have regained their strength. Therefore, with a trend reversal, the WIF prices have displayed the possibility of forming a bullish pattern and hence a breakout may help the price break above the bearish range.
Ever since the WIF price failed to defend the highs, it has been trading within a descending parallel channel. The recent rebound is about to form a double-bottom pattern, which usually offers a fine base for an extended ascending trend. Besides, a slight rise may breach beyond the supertrend levels, which may flip the indicator to bullish. The rise in bullish volume is validating the continuation of an ascending trend.
On the other hand, the on-balance volume (OBV) has triggered a bullish reversal after hitting the bottoms. Hence, the WIF price is believed to maintain an ascending consolidation and reach the upper resistance above $2.2. If the bulls continue to hold the required strength, a new ATH beyond $5 could be imminent. $WIF
{spot}(WIFUSDT)