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#Binance   a anunțat că IoTeX (#IOTX  ) va suporta upgrade de rețea și Hard Fork.

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📣Binance announced that it will launch Binance SOL Staking ( #BNSOL )in September.

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🚨 US Markets Opened; Dow Jones: -0.60% Nasdaq: -0.90% S&P 500: -0.41%

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🚨 Citi shared a note stating that the US non-farm employment and unemployment data to be released on Friday could increase the likelihood of the Fed making a 50 basis point rate cut in September. • Additionally, Citi expects the Fed to make another 50 basis point rate cut in November.

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The 10-year indicator has sounded the alarm: “Bitcoin Bull 2.0” is coming. Trader Mags, who stands out with his analyses, shared a Bitcoin chart that will excite crypto investors. In August, when the cryptocurrency market faced great selling pressure, #Bitcoin (BTC) lost 8.6 percent of its value. BTC, which left behind the second worst month of 2024, gave investors hope with the beginning of September. Crypto analysts suggested that the bull market could return. Trader Mags, who is mostly attracted by global investors, addressed investors with the message “Bull 2.0 is coming.” The trader, who prepared a historical $BTC chart based on the last 10 years, drew attention to the consolidation process. Bitcoin is trading 59 percent above the lowest price level of the year, $ 38,505. Reminding that BTC is still in an annual trend, Mags pointed to historical cycles. The analyst commented, “The current monthly consolidation in BTC is very similar to the previous cycle, when the price rose to an all-time high.” “The real bull market has not started yet,” said Mags, highlighting six-figure price levels. The analysis showed that the peak point for BTC was $ 300,000. Reflecting that #BTC used the peak point of 2021 as a support level, the analysis suggested that the bull start will start from the said support. According to historical data, #BTC reached its peak point in 2021 after completing the consolidation phase in 2020. A similar view was formed in late 2023. Commenting on the chart analysis prepared by Mags, AMBCrypto said: “According to the historical cycle, #BTC first enters a consolidation phase after reaching a bottom level, then a local peak, and this period is then followed by a strong bull run.”

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Whales are leaving Avalanche (AVAX): A drop is possible. Despite the increase in activity on the Avalanche network, the ongoing downtrend in the AVAX price has confused people. IntoTheBlock data shows that activity on the Avalanche network has increased and the number of active addresses has increased from 38.5 thousand to 45.6 thousand in 24 hours. At the same time, the number of large transactions has increased from 166 to 297 in the same time frame. The increase in large transactions may be a sign of an increase in the parity. However, the ongoing downtrend in AVAX suggests the opposite. It is highly likely that whales are selling their AVAX to cash in on their profits. According to Coinglass, the net flow of #AVAX on major cryptocurrency exchanges is positive. The data in question shows that the coins sent to the exchanges are more than the ones withdrawn. In short, $AVAX investors are in a selling trend. AVAX, which has been in a downtrend since $27.50, is finding buyers at $22.23 as of the writing of the news. Bitcoin adopting $60,000 as support, the decline of $BTC dominance or good news from the #Avalanche ecosystem will push the parity to higher levels. In such a scenario, $24.80 - $27.31 - $30.05 - $33 - $35.08 - $38.60 and $41.87 can be targeted for AVAX, respectively. In the short/medium term, attention should be paid to the $31.30-$33 range. Persistence above this range will increase bullish signals for the parity. Factors such as the decrease in demand for the Avalanche ecosystem, the continuation of the weak outlook in #BTC or the increase in BTC dominance will push #AVAX to a decline. In such a scenario, a pullback to the $20 band may be seen first. Afterwards, the $17.27 – $15.97 and $14.81 levels should be monitored as support.

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Ultimele știri

Bitcoin Whale Transactions Decline Amid Price Drop

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ZKsync Experiences Significant Drop in Wallet Activity

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BNB Drops Below 520 USDT with a 0.57% Decrease in 24 Hours

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Offchain Labs Launches Arbitrum Stylus Mainnet

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Bitcoin ETF Sees Significant Outflow in September

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