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🔥🔥🔥Breaking News: #SEC APROBĂ SPOT ETHEREUM ETF.
#ETHETFS #ETH #binance 

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😱😱 Bitcoin crashed: Analysts say the decline is not over! 🔻 After #MtGox started transfers, the Bitcoin (#BTC ) price dropped to $53,600. Although BTC saw its lowest level since February, analysts stated that the bad scenario is not over. Speaking to Cointelegraph, eToro market analyst Josh Gilbert said most of the sales were driven by Mt. Gox and that it could be due to repayments by creditors. With these refunds, approximately $8 billion worth of BTC will enter the market starting this month. Bitcoin may test $50,000 Gilbert said he expects price movements to worsen in the coming days following Bitcoin's sudden drop to the $53,600 level. "The news flow is more bearish than bullish right now, and the selling activity we're seeing is clearly making investors nervous, which generally leads to more selling," Gilbert said. “I wouldn't be surprised if BTC tests $50,000, but that will be a significant level.” He added the following to his statements: Similarly, Swyftx analyst Pav Hundal told Cointelegraph that the worst may be yet to come for Bitcoin's price movements. Critical support levels in Bitcoin are about to face an irrelevant market. Long-term macro conditions are still positive but we could test $50,000 and potentially lower in the short term. Hundal said $52,000 is currently a key battleground for bears and bulls. Analysts at 10x Research also predicted that the Bitcoin price could fall to $50,000 in the coming weeks, warning that "the sell-off could accelerate as support breaks and sellers scramble to find liquidity." Analysts' views that the bearish scenario will continue frightened crypto investors. Investors are focused on $50,000 for BTC. #binance #MtGoxJulyRepayments

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😱🚀🚀Top 2 Altcoins to Watch for Significant Price Increases, According to Expert🚀🚀😱 1. Near Protocol (#NEAR )According to the crypto expert, $NEAR is the second altcoin poised for a significant rally. NEAR is the native token of Near Protocol, a Layer-1 blockchain launched in 2018 that enables developers to create and deploy decentralized applications (dApps). The expert noted that Near Protocol gained considerable attention in the first half of 2024 due to increased network activities. This is evident in the platform’s total value locked (TVL), which surged from $90 million in January to $324.5 million this month.Additionally, Cody highlighted the rapid growth in Near Protocol’s transaction volume since the beginning of the year. He suggested that the increasing network activities indicate more inflows than outflows, signaling sustained user optimism and confidence in the cryptocurrency. Furthermore, according to Crypto News Flash, Near Protocol remains the preferred choice for users who want to steer the AI revolution.NEAR is trading at $5 at press time, with a daily decline of 2.7%. The coin has a market cap of $5.47 billion, making it the 20th largest cryptocurrency. 2. Sui (#SUI ) The third and final asset on Cody’s list of altcoins primed for a rally is $SUI , the primary token of the prominent Layer-1 blockchain Sui. The YouTuber highlighted a recent strategic partnership with digital asset custody provider Copper as a key driver for SUI’s potential surge. “With Copper’s custody solution now operational for Sui’s native tokens, the platform is poised to attract institutional clients seeking secure and compliant services,” Cody commented. At the time of writing, SUI is trading at $0.7978, reflecting a daily decrease of 3.62%. The coin is ranked as the 47th largest cryptocurrency, with a market cap of $1.93 billion. Despite Cody’s recommendation, conducting thorough research on these tokens before making any investment decisions is crucial. #altcoins #binance

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😱🚀🚀ChatGPT Predicts the Next 3 Altcoins That Will Be Like Shiba Inu Floki (#FLOKI ) Topping the list is Floki ($FLOKI ), a memecoin named after Elon Musk’s Shiba Inu dog, Floki. It was created in July 2021 to combine real-world utilities with memecoins. Thanks to its aggressive marketing and burn campaign, FLOKI has gained significant popularity in the industry, which has helped it build a vibrant community on social media. At press time, FLOKI is trading at $0.0001477, with a daily decline of 11.3%. It is currently down 57.67% from its ATH of $0.0003462, recorded on June 5, 2024. FLOKI sits as the 55th biggest token, boasting a valuation of $1.44 billion. Kishu Inu (#KISHU ) The second token in the list of contenders as the next Shiba Inu is KISHU. Launched on April 17, 2021, KISHU is a meme-inspired token aiming to build a decentralized ecosystem featuring NFTs and a decentralized exchange. ChatGPT noted that KISHU has similarities with Shiba Inu in terms of community engagement and marketing strategies. At the current exchange rate of $0.0000000003743, KISHU is down 5.08%. It has plunged 98.14% from its ATH of $0.00000002, which was recorded on March 14, 2021. The memecoin is ranked as the 618th biggest token with a valuation of $34.62 million Dogelon Mars (#ELON ) Inspired by Dogecoin and American businessman Elon Musk, Dogelon Mars was launched on April 23, 2021. Its aim is centered on community-driven initiatives and space-themed marketing. ELON has gained widespread popularity due to its vibrant community support and memecoin appeal. Ranked as the 406th largest cryptocurrency, ELON boasts a market cap of 77.37 million, with a token priced at $0.0000001408. It is currently down 99.57% from its all-time high of $0.00003263, witnessed on July 31, 2021. #DogelonMars #memecoins

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😱🔥Justin Sun resurfaces: I can buy all the Bitcoin they have TRON founder Justin Sun, who tried to play the role of "savior" in many crypto crises, said in a tweet that the #Germany government wanted to buy its Bitcoins off-market. Justin Sun, who reached a large audience in the crypto world with his tweets especially during the bull season at the end of 2017, took on the role of "savior of crypto crises", although he displayed a slightly quieter attitude in the following years. Sun, who stated that he wanted to buy the stock market especially during the FTX crisis and is remembered for giving the market such an atmosphere, also touched upon the recent German state sales. Stating in a short tweet that the German government is interested in all the Bitcoins it currently holds, Sun said: “I am ready to buy #BTC s held by the German government off-market in order to minimize the impact on prices.” As it is known, the German state had 50 thousand BTC seized from a pirated movie site in 2020. There have been some sales from the government wallet in recent weeks and more than 7500 BTC were sold. It is stated that these sales are one of the reasons for the decline in Bitcoin price. Sun, on the other hand, wants to carry out these sales/purchases through over-the-counter platforms, also known as OTC, rather than through an exchange, in order to prevent price drops. #JustinSun #binance

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😱🚀🚀Analytics Firm Declares These Are Altcoins in Buy Zone In a new post on X, Santiment talked about what the various assets in the cryptocurrency sector are looking like right now based on their Market Value to Realized Value (#MVRV ) ratios. The MVRV ratio is an indicator that keeps track of the profit/loss status of the addresses on any given network. When the value of this indicator is greater than 1, it means the investors are carrying a net amount of profits right now. On the other hand, the metric under this threshold implies the dominance of losses in the market. Related Reading: Crypto Analyst Says Next Bitcoin Target Is $78,700 If BTC Breaks This Resistance Naturally, the MVRV ratio being exactly equal to 1 suggests the unrealized loss on the network is exactly equal to the unrealized profit, so the average holder could be considered just breaking even. Historically, corrections have become more probable when investor profits have ballooned up. Holders become more tempted to sell the larger their gains grow. Similarly, holders getting underwater has facilitated bottom formations, as sellers become exhausted during such conditions. Based on these facts, Santiment has developed an Opportunity and Danger Zone Model that uses the MVRV ratio’s divergence on different timeframes to estimate better whether an asset is currently providing a buying or selling window. Now, here is the chart shared by the analytics firm that shows where the different altcoins stand according to this model: Note that in this model, the zero mark takes the role of the neutral 1 level from the MVRV ratio. Also, the polarity is flipped here, with values under zero implying profit dominance and those above signifying loss. The graph shows that most of the altcoins are in the positive region right now, suggesting that their investors are underwater. Among these, Basic Attention Token (#BAT ), Chromia ($CHR ), and Highstreet ($HIGH ) particularly stand out as their MVRV divergence exceeds the 1 mark. #CHR #HIGH #altcoins

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