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Crypto Trader Says He’s ‘Extremely Long’ On Ethereum, Undeterred By Crash Below $3,400
Crypto trader Duncan has explained why he is “extremely long” on Ethereum (ETH) despite the crypto token’s recent drop to around $3,400. He emphasized the Spot Ethereum ETFs, which he believes could spark a significant rally for ETH.
A ‘Significant Upside Repricing’ Could Be On The Horizon ForTHEEthereum
Duncan mentioned in an X (formerly Twitter) post that he believes that the market is way too bearish at the moment and that there could be a “significant upside repricing” for Ethereum if the Spot Ethereum ETF inflows are “anything but horrible.” He further explained why he thinks the Spot Ethereum ETFs will be a huge success, contrary to what some might think.
Related Reading
First, he noted that asset managers view the crypto ETF space as a “new frontier” that could generate billions in management fees for them over the next ten years. He highlighted how BlackRock has had its most successful product launch ever with its Spot Bitcoin ETF, which he claims is already generating $45 million in fees yearly, just six months after its launch.
Based on this, Duncan stated that the Spot Ethereum ETFs provide these asset managers another “massive opportunity” to launch a product that could bring them similar success to the Spot Bitcoin ETFs, generating hundreds of millions in fees. Duncan remarked that the Spot Ethereum ETFs are “almost as big as the Bitcoin ETF given the base management fees and the future ability to clip a fee off the staking yield.”
Duncan further alluded to an interview Scott Melker (aka Wolf Of All Streets) had with VanEck’s Head of Digital Asset Research, Matthew Sigel, to emphasize how these asset managers feel about the Spot Ethereum ETFs. From what was said during the interview, Duncan noted how VanEck is betting on the Spot Ethereum ETFs to spark a “reflexive rally” in ETH, which Sigel claimed could make them more money.
Spot Ethereum ETF Issuers Could Provide A Narrative For ETH
Duncan tried to counter the argument made by crypto figures like Andrew Kang, who argued that Ethereum had no narrative and that the Spot Ethereum ETFs might not succeed because of that. Duncan stated that asset managers like BlackRock and VanEck can “literally start the narratives themselves.”
He added that this narrative could be about BlackRock’s Real World Assets (RWA) on-chain, VanEck’s new stablecoin, or the asset managers’ “open app store” thesis. Dunan said the market could witness a “massive ETH rally” when these narratives are mixed with some “good flows and ETH’s extremely reflexive characteristics.”
Related Reading
The crypto trader admitted that this could take time but opined that it is naive to think that these asset managers won’t deploy significant resources to attract inflows to their Spot Ethereum ETFs.
Crypto analyst and trader Tyler Durden shared a similar sentiment when he mentioned that Ethereum reaching $10,000 was the “most asymmetric bet” in crypto today. He claimed that Wall Street had put so much effort into ensuring that the Spot Ethereum ETFs were approved, and now, they will make as much money from it while pumping ETH.
ETH price above $3,400 | Source: ETHUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Source: NewsBTC.com
The post Crypto Trader Says He’s ‘Extremely Long’ On Ethereum, Undeterred By Crash Below $3,400 appeared first on Crypto Breaking News.
A ‘Significant Upside Repricing’ Could Be On The Horizon ForTHEEthereum
Duncan mentioned in an X (formerly Twitter) post that he believes that the market is way too bearish at the moment and that there could be a “significant upside repricing” for Ethereum if the Spot Ethereum ETF inflows are “anything but horrible.” He further explained why he thinks the Spot Ethereum ETFs will be a huge success, contrary to what some might think.
Related Reading
First, he noted that asset managers view the crypto ETF space as a “new frontier” that could generate billions in management fees for them over the next ten years. He highlighted how BlackRock has had its most successful product launch ever with its Spot Bitcoin ETF, which he claims is already generating $45 million in fees yearly, just six months after its launch.
Based on this, Duncan stated that the Spot Ethereum ETFs provide these asset managers another “massive opportunity” to launch a product that could bring them similar success to the Spot Bitcoin ETFs, generating hundreds of millions in fees. Duncan remarked that the Spot Ethereum ETFs are “almost as big as the Bitcoin ETF given the base management fees and the future ability to clip a fee off the staking yield.”
Duncan further alluded to an interview Scott Melker (aka Wolf Of All Streets) had with VanEck’s Head of Digital Asset Research, Matthew Sigel, to emphasize how these asset managers feel about the Spot Ethereum ETFs. From what was said during the interview, Duncan noted how VanEck is betting on the Spot Ethereum ETFs to spark a “reflexive rally” in ETH, which Sigel claimed could make them more money.
Spot Ethereum ETF Issuers Could Provide A Narrative For ETH
Duncan tried to counter the argument made by crypto figures like Andrew Kang, who argued that Ethereum had no narrative and that the Spot Ethereum ETFs might not succeed because of that. Duncan stated that asset managers like BlackRock and VanEck can “literally start the narratives themselves.”
He added that this narrative could be about BlackRock’s Real World Assets (RWA) on-chain, VanEck’s new stablecoin, or the asset managers’ “open app store” thesis. Dunan said the market could witness a “massive ETH rally” when these narratives are mixed with some “good flows and ETH’s extremely reflexive characteristics.”
Related Reading
The crypto trader admitted that this could take time but opined that it is naive to think that these asset managers won’t deploy significant resources to attract inflows to their Spot Ethereum ETFs.
Crypto analyst and trader Tyler Durden shared a similar sentiment when he mentioned that Ethereum reaching $10,000 was the “most asymmetric bet” in crypto today. He claimed that Wall Street had put so much effort into ensuring that the Spot Ethereum ETFs were approved, and now, they will make as much money from it while pumping ETH.
ETH price above $3,400 | Source: ETHUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Source: NewsBTC.com
The post Crypto Trader Says He’s ‘Extremely Long’ On Ethereum, Undeterred By Crash Below $3,400 appeared first on Crypto Breaking News.
Solana (SOL) Surges 18%, But Watch Out For Crowd FOMO
Solana has been showing a breakout over the last few days, but data shows crowd FOMO is rising, which could be a bad sign for the rally.
Solana Social Volume Has Shot Up Alongside The Rally
According to data from the on-chain analytics firm Santiment, the SOL social volume has observed a sharp increase following the recent recovery of cryptocurrency.
The “Social Volume” here refers to an indicator that keeps track of the degree of discussion that any given asset receives on the major social media platforms.
Related Reading
This metric makes this measurement by counting up the unique number of posts/threads/messages, making at least one mention of the cryptocurrency.
The indicator doesn’t simply count up the mentions themselves because sometimes a large number of mentions can crop up within a couple of posts, while at the same time, the discussion could be more or less dead on the rest of social media.
The high mentions would suggest a lot of discussion in this case, but in reality, the talk is all contained within niche circles. By measuring the number of posts, the Social Volume can tell us about the trend across social media.
Now, here is a chart that shows the trend in the Solana Social Volume over the past week or so:
The value of the metric appears to have been quite high for the asset recently | Source: Santiment on X
As is visible in the above graph, the Solana Social Volume has registered some rapid growth recently. This would imply that the intensity of discussions related to the asset has suddenly spiked.
The driver behind this increase in the indicator is likely to be the rally that the coin’s price has enjoyed recently. In this new surge, SOL has recovered from a low of around $124 to the current $146 mark, meaning it has seen returns of almost 18% in just a few days.
The Social Volume spiking alongside a rally isn’t unusual, as social media users find sharp price action exciting, so they participate in more discussions than normal.
However, the scale of the spike that the metric has seen this time may be worth noting. Historically, the asset’s price has tended to move against the majority’s expectations, so too much excitement too suddenly can be a bearish sign for the cryptocurrency.
In the same chart, Santiment has attached the Social Volume for Avalanche (AVAX) data, which has also witnessed a recovery run. It would appear that, unlike the Solana surge, few are paying attention to Avalanche’s rally, as the indicator’s value has remained relatively low.
Related Reading
Therefore, AVAX’s rally could be more likely to be sustainable than SOL’s, as it has been seeing much less FOMO, at least according to the Social Volume.
SOL Price
Solana had broken past the $151 level yesterday, but the asset has since seen a minor pullback to $146. It’s currently unclear if this means that the negative effect of FOMO is already kicking in for SOL.
Looks like the price of the coin has been rising in recent days | Source: SOLUSD on TradingView
Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com
Source: NewsBTC.com
The post Solana (SOL) Surges 18%, But Watch Out For Crowd FOMO appeared first on Crypto Breaking News.
Solana Social Volume Has Shot Up Alongside The Rally
According to data from the on-chain analytics firm Santiment, the SOL social volume has observed a sharp increase following the recent recovery of cryptocurrency.
The “Social Volume” here refers to an indicator that keeps track of the degree of discussion that any given asset receives on the major social media platforms.
Related Reading
This metric makes this measurement by counting up the unique number of posts/threads/messages, making at least one mention of the cryptocurrency.
The indicator doesn’t simply count up the mentions themselves because sometimes a large number of mentions can crop up within a couple of posts, while at the same time, the discussion could be more or less dead on the rest of social media.
The high mentions would suggest a lot of discussion in this case, but in reality, the talk is all contained within niche circles. By measuring the number of posts, the Social Volume can tell us about the trend across social media.
Now, here is a chart that shows the trend in the Solana Social Volume over the past week or so:
The value of the metric appears to have been quite high for the asset recently | Source: Santiment on X
As is visible in the above graph, the Solana Social Volume has registered some rapid growth recently. This would imply that the intensity of discussions related to the asset has suddenly spiked.
The driver behind this increase in the indicator is likely to be the rally that the coin’s price has enjoyed recently. In this new surge, SOL has recovered from a low of around $124 to the current $146 mark, meaning it has seen returns of almost 18% in just a few days.
The Social Volume spiking alongside a rally isn’t unusual, as social media users find sharp price action exciting, so they participate in more discussions than normal.
However, the scale of the spike that the metric has seen this time may be worth noting. Historically, the asset’s price has tended to move against the majority’s expectations, so too much excitement too suddenly can be a bearish sign for the cryptocurrency.
In the same chart, Santiment has attached the Social Volume for Avalanche (AVAX) data, which has also witnessed a recovery run. It would appear that, unlike the Solana surge, few are paying attention to Avalanche’s rally, as the indicator’s value has remained relatively low.
Related Reading
Therefore, AVAX’s rally could be more likely to be sustainable than SOL’s, as it has been seeing much less FOMO, at least according to the Social Volume.
SOL Price
Solana had broken past the $151 level yesterday, but the asset has since seen a minor pullback to $146. It’s currently unclear if this means that the negative effect of FOMO is already kicking in for SOL.
Looks like the price of the coin has been rising in recent days | Source: SOLUSD on TradingView
Featured image from Shutterstock.com, Santiment.net, chart from TradingView.com
Source: NewsBTC.com
The post Solana (SOL) Surges 18%, But Watch Out For Crowd FOMO appeared first on Crypto Breaking News.
Solana ETF Approval Could Skyrocket SOL’s Value 9x Higher, Report Finds
Leading asset manager and Bitcoin Exchange Traded Fund (ETF) issuer VanEck has officially filed a Spot Solana ETF with the US Securities and Exchange Commission (SEC), fueling bold growth predictions for the Solana ecosystem.
Market-making firm GSR Markets recently released a report shedding light on the potential impact of a Solana ETF and highlighting the platform’s emergence as part of the “Big Three” in the crypto space.
Speculation Of A Solana ETF Approval
GSR’s report highlights Solana’s rapid rise within the cryptocurrency industry, positioning it as a major player alongside Bitcoin and Ethereum.
With the Bitcoin ETF market already approved and Ethereum about to launch a spot ETF in the US, GSR predicts that it’s only a matter of time before Solana follows suit, potentially making the biggest impact.
Related Reading
GSR’s analysis highlights three key technological advancements that set Solana apart from its competitors. Firstly, Solana’s proof-of-history enables validators to produce blocks efficiently, resulting in remarkable speed and scalability advantages.
Second, Solana’s parallel transaction processing enables increased throughput and takes advantage of improvements in computing speed.
Finally, the company said Solana’s architecture positions it to solve the “blockchain trilemma” by achieving global state synchronization at “unprecedented speeds” as hardware and bandwidth costs decline.
In addition, GSR’s report addresses the likelihood of Solana securing a spot digital asset ETF. While the current regulatory framework requires a federally regulated futures market and a futures-based ETF before a spot product can be considered, GSR believes that the potential for change shouldn’t be underestimated.
The company also claims bipartisan support for the crypto industry, and shifting attitudes among lawmakers indicate a more favorable environment for digital assets.
A Trump administration and a liberal SEC commissioner could further pave the way for the launch of spot digital asset ETFs, creating opportunities for Solana and other cryptocurrencies, the report said.
Projected Impact On SOL’s Price
GSR emphasizes the importance of decentralization and potential demand in determining the next spot digital asset ETF.
Factors such as permissionless participation, developmental control, token allocation, and stake characteristics contribute to a blockchain’s level of decentralization.
Meanwhile, as indicated by metrics like market cap, potential demand serves as a crucial factor for issuers when assessing future inflows. GSR combines decentralization and demand scores to create an ETF Possibility score, which highlights Ethereum and Solana as leading contenders for the next spot in digital asset ETF.
ETF possibility score. Source: GSR Markets
Related Reading
Drawing parallels to the effect of spot Bitcoin ETFs on Bitcoin’s price, GSR estimates the potential impact of a Solana ETF on SOL. Adjusting for Solana’s smaller market cap relative to Bitcoin, GSR predicts a 1.4x to 8.9x increase in SOL’s price under different scenarios.
However, the report acknowledges that the impact could be even higher, considering SOL’s active usage in staking and decentralized applications. In the event of a spot ETF approval, GSR suggests that the potential upside for SOL presents a significant opportunity in the market.
The 1-D chart shows SOL’s price retrace on Friday. Source: SOLUSD on TradingView.com
As investor excitement over the development became apparent, SOL’s price reached a weekly high of $151 on Thursday, but in the past few hours, SOL has dropped nearly 4% to a current trading price of $143.
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post Solana ETF Approval Could Skyrocket SOL’s Value 9x Higher, Report Finds appeared first on Crypto Breaking News.
Market-making firm GSR Markets recently released a report shedding light on the potential impact of a Solana ETF and highlighting the platform’s emergence as part of the “Big Three” in the crypto space.
Speculation Of A Solana ETF Approval
GSR’s report highlights Solana’s rapid rise within the cryptocurrency industry, positioning it as a major player alongside Bitcoin and Ethereum.
With the Bitcoin ETF market already approved and Ethereum about to launch a spot ETF in the US, GSR predicts that it’s only a matter of time before Solana follows suit, potentially making the biggest impact.
Related Reading
GSR’s analysis highlights three key technological advancements that set Solana apart from its competitors. Firstly, Solana’s proof-of-history enables validators to produce blocks efficiently, resulting in remarkable speed and scalability advantages.
Second, Solana’s parallel transaction processing enables increased throughput and takes advantage of improvements in computing speed.
Finally, the company said Solana’s architecture positions it to solve the “blockchain trilemma” by achieving global state synchronization at “unprecedented speeds” as hardware and bandwidth costs decline.
In addition, GSR’s report addresses the likelihood of Solana securing a spot digital asset ETF. While the current regulatory framework requires a federally regulated futures market and a futures-based ETF before a spot product can be considered, GSR believes that the potential for change shouldn’t be underestimated.
The company also claims bipartisan support for the crypto industry, and shifting attitudes among lawmakers indicate a more favorable environment for digital assets.
A Trump administration and a liberal SEC commissioner could further pave the way for the launch of spot digital asset ETFs, creating opportunities for Solana and other cryptocurrencies, the report said.
Projected Impact On SOL’s Price
GSR emphasizes the importance of decentralization and potential demand in determining the next spot digital asset ETF.
Factors such as permissionless participation, developmental control, token allocation, and stake characteristics contribute to a blockchain’s level of decentralization.
Meanwhile, as indicated by metrics like market cap, potential demand serves as a crucial factor for issuers when assessing future inflows. GSR combines decentralization and demand scores to create an ETF Possibility score, which highlights Ethereum and Solana as leading contenders for the next spot in digital asset ETF.
ETF possibility score. Source: GSR Markets
Related Reading
Drawing parallels to the effect of spot Bitcoin ETFs on Bitcoin’s price, GSR estimates the potential impact of a Solana ETF on SOL. Adjusting for Solana’s smaller market cap relative to Bitcoin, GSR predicts a 1.4x to 8.9x increase in SOL’s price under different scenarios.
However, the report acknowledges that the impact could be even higher, considering SOL’s active usage in staking and decentralized applications. In the event of a spot ETF approval, GSR suggests that the potential upside for SOL presents a significant opportunity in the market.
The 1-D chart shows SOL’s price retrace on Friday. Source: SOLUSD on TradingView.com
As investor excitement over the development became apparent, SOL’s price reached a weekly high of $151 on Thursday, but in the past few hours, SOL has dropped nearly 4% to a current trading price of $143.
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post Solana ETF Approval Could Skyrocket SOL’s Value 9x Higher, Report Finds appeared first on Crypto Breaking News.
Solana ETF Approval Could Skyrocket SOL’s Value 9x Higher, Report Finds
Leading asset manager and Bitcoin Exchange Traded Fund (ETF) issuer VanEck has officially filed a Spot Solana ETF with the US Securities and Exchange Commission (SEC), fueling bold growth predictions for the Solana ecosystem.
Market-making firm GSR Markets recently released a report shedding light on the potential impact of a Solana ETF and highlighting the platform’s emergence as part of the “Big Three” in the crypto space.
Speculation Of A Solana ETF Approval
GSR’s report highlights Solana’s rapid rise within the cryptocurrency industry, positioning it as a major player alongside Bitcoin and Ethereum.
With the Bitcoin ETF market already approved and Ethereum about to launch a spot ETF in the US, GSR predicts that it’s only a matter of time before Solana follows suit, potentially making the biggest impact.
Related Reading
GSR’s analysis highlights three key technological advancements that set Solana apart from its competitors. Firstly, Solana’s proof-of-history enables validators to produce blocks efficiently, resulting in remarkable speed and scalability advantages.
Second, Solana’s parallel transaction processing enables increased throughput and takes advantage of improvements in computing speed.
Finally, the company said Solana’s architecture positions it to solve the “blockchain trilemma” by achieving global state synchronization at “unprecedented speeds” as hardware and bandwidth costs decline.
In addition, GSR’s report addresses the likelihood of Solana securing a spot digital asset ETF. While the current regulatory framework requires a federally regulated futures market and a futures-based ETF before a spot product can be considered, GSR believes that the potential for change shouldn’t be underestimated.
The company also claims bipartisan support for the crypto industry, and shifting attitudes among lawmakers indicate a more favorable environment for digital assets.
A Trump administration and a liberal SEC commissioner could further pave the way for the launch of spot digital asset ETFs, creating opportunities for Solana and other cryptocurrencies, the report said.
Projected Impact On SOL’s Price
GSR emphasizes the importance of decentralization and potential demand in determining the next spot digital asset ETF.
Factors such as permissionless participation, developmental control, token allocation, and stake characteristics contribute to a blockchain’s level of decentralization.
Meanwhile, as indicated by metrics like market cap, potential demand serves as a crucial factor for issuers when assessing future inflows. GSR combines decentralization and demand scores to create an ETF Possibility score, which highlights Ethereum and Solana as leading contenders for the next spot in digital asset ETF.
ETF possibility score. Source: GSR Markets
Related Reading
Drawing parallels to the effect of spot Bitcoin ETFs on Bitcoin’s price, GSR estimates the potential impact of a Solana ETF on SOL. Adjusting for Solana’s smaller market cap relative to Bitcoin, GSR predicts a 1.4x to 8.9x increase in SOL’s price under different scenarios.
However, the report acknowledges that the impact could be even higher, considering SOL’s active usage in staking and decentralized applications. In the event of a spot ETF approval, GSR suggests that the potential upside for SOL presents a significant opportunity in the market.
The 1-D chart shows SOL’s price retrace on Friday. Source: SOLUSD on TradingView.com
As investor excitement over the development became apparent, SOL’s price reached a weekly high of $151 on Thursday, but in the past few hours, SOL has dropped nearly 4% to a current trading price of $143.
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post Solana ETF Approval Could Skyrocket SOL’s Value 9x Higher, Report Finds appeared first on Crypto Breaking News.
Market-making firm GSR Markets recently released a report shedding light on the potential impact of a Solana ETF and highlighting the platform’s emergence as part of the “Big Three” in the crypto space.
Speculation Of A Solana ETF Approval
GSR’s report highlights Solana’s rapid rise within the cryptocurrency industry, positioning it as a major player alongside Bitcoin and Ethereum.
With the Bitcoin ETF market already approved and Ethereum about to launch a spot ETF in the US, GSR predicts that it’s only a matter of time before Solana follows suit, potentially making the biggest impact.
Related Reading
GSR’s analysis highlights three key technological advancements that set Solana apart from its competitors. Firstly, Solana’s proof-of-history enables validators to produce blocks efficiently, resulting in remarkable speed and scalability advantages.
Second, Solana’s parallel transaction processing enables increased throughput and takes advantage of improvements in computing speed.
Finally, the company said Solana’s architecture positions it to solve the “blockchain trilemma” by achieving global state synchronization at “unprecedented speeds” as hardware and bandwidth costs decline.
In addition, GSR’s report addresses the likelihood of Solana securing a spot digital asset ETF. While the current regulatory framework requires a federally regulated futures market and a futures-based ETF before a spot product can be considered, GSR believes that the potential for change shouldn’t be underestimated.
The company also claims bipartisan support for the crypto industry, and shifting attitudes among lawmakers indicate a more favorable environment for digital assets.
A Trump administration and a liberal SEC commissioner could further pave the way for the launch of spot digital asset ETFs, creating opportunities for Solana and other cryptocurrencies, the report said.
Projected Impact On SOL’s Price
GSR emphasizes the importance of decentralization and potential demand in determining the next spot digital asset ETF.
Factors such as permissionless participation, developmental control, token allocation, and stake characteristics contribute to a blockchain’s level of decentralization.
Meanwhile, as indicated by metrics like market cap, potential demand serves as a crucial factor for issuers when assessing future inflows. GSR combines decentralization and demand scores to create an ETF Possibility score, which highlights Ethereum and Solana as leading contenders for the next spot in digital asset ETF.
ETF possibility score. Source: GSR Markets
Related Reading
Drawing parallels to the effect of spot Bitcoin ETFs on Bitcoin’s price, GSR estimates the potential impact of a Solana ETF on SOL. Adjusting for Solana’s smaller market cap relative to Bitcoin, GSR predicts a 1.4x to 8.9x increase in SOL’s price under different scenarios.
However, the report acknowledges that the impact could be even higher, considering SOL’s active usage in staking and decentralized applications. In the event of a spot ETF approval, GSR suggests that the potential upside for SOL presents a significant opportunity in the market.
The 1-D chart shows SOL’s price retrace on Friday. Source: SOLUSD on TradingView.com
As investor excitement over the development became apparent, SOL’s price reached a weekly high of $151 on Thursday, but in the past few hours, SOL has dropped nearly 4% to a current trading price of $143.
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post Solana ETF Approval Could Skyrocket SOL’s Value 9x Higher, Report Finds appeared first on Crypto Breaking News.
Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible
Bitcoin is at a crossroads after getting rejected at $62,000. Unsurprisingly, this has led to clashing sentiment in the market, with the bulls and bears engaged in an intense tug of war. But while bulls remains vocal, the bears have come out of the woodwork, leading to speculations that the price might actually be going much lower.
Bitcoin To Succumb To Bearish Pressure
Despite the 15% crash that has already rocked the Bitcoin price, crypto analyst DonAlt does not believe that the market has seen the worst of it yet. In a YouTube video, the analyst explains that even the best-case scenario for Bitcoin is still lower than its current price of $61,000.
Related Reading
DonAlt presents the argument that the Bitcoin price is likely to fall below $60,000, which would mean it has lost a key psychological level. In this case, the downtrend would continue, predicting another double-digit decline in the cryptocurrency’s price.
When this happens, the crypto analyst expects the downtrend to go as deep as 30%. Not only that, he expects more sideways movement to follow, predicting that this sideways movement could last as long as 120 days, or four months to be precise.
As for the targets, the analyst believes that this could send the price below $50,000. However, in the worst case scenario, he sees the price falling to $40,000, but not lower. In the best case scenario, he sees a decline to $52,000 before the price begins to recover.
“I think at the worst is $40,000, that’s the downside maximum I think. I don’t think it’s going to go lower. And the best case if this is all bearish I think would be $52,000 and then like sideways [price action],” he said in the video.
BTC Crash Erodes Market Sentiment
The Bitcoin price crash has taken the rest of the market down with it and this has caused a massive decline in investor sentiment. According to the Crypto Fear & Greed Index, investors are back to being fearful, something that is not ultimately good for the price in the short term.
Related Reading
The index is currently sitting at a neutral 47 after dropping to a fearful 40 on Thursday. While today’s value has increased, it still shows indecisiveness among investors. Thus, sideways movement should be expected from Bitcoin, at least through the weekend.
At the time of writing, the Bitcoin price has dropped once again below $61,400, erasing the gains triggered by the announcement that VanEck has filed for Solana ETFs with the SEC.
BTC price above $61,000 | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Source: NewsBTC.com
The post Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible appeared first on Crypto Breaking News.
Bitcoin To Succumb To Bearish Pressure
Despite the 15% crash that has already rocked the Bitcoin price, crypto analyst DonAlt does not believe that the market has seen the worst of it yet. In a YouTube video, the analyst explains that even the best-case scenario for Bitcoin is still lower than its current price of $61,000.
Related Reading
DonAlt presents the argument that the Bitcoin price is likely to fall below $60,000, which would mean it has lost a key psychological level. In this case, the downtrend would continue, predicting another double-digit decline in the cryptocurrency’s price.
When this happens, the crypto analyst expects the downtrend to go as deep as 30%. Not only that, he expects more sideways movement to follow, predicting that this sideways movement could last as long as 120 days, or four months to be precise.
As for the targets, the analyst believes that this could send the price below $50,000. However, in the worst case scenario, he sees the price falling to $40,000, but not lower. In the best case scenario, he sees a decline to $52,000 before the price begins to recover.
“I think at the worst is $40,000, that’s the downside maximum I think. I don’t think it’s going to go lower. And the best case if this is all bearish I think would be $52,000 and then like sideways [price action],” he said in the video.
BTC Crash Erodes Market Sentiment
The Bitcoin price crash has taken the rest of the market down with it and this has caused a massive decline in investor sentiment. According to the Crypto Fear & Greed Index, investors are back to being fearful, something that is not ultimately good for the price in the short term.
Related Reading
The index is currently sitting at a neutral 47 after dropping to a fearful 40 on Thursday. While today’s value has increased, it still shows indecisiveness among investors. Thus, sideways movement should be expected from Bitcoin, at least through the weekend.
At the time of writing, the Bitcoin price has dropped once again below $61,400, erasing the gains triggered by the announcement that VanEck has filed for Solana ETFs with the SEC.
BTC price above $61,000 | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Source: NewsBTC.com
The post Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible appeared first on Crypto Breaking News.
BREAKING: 21Shares Joins Race To Launch Spot Solana ETF
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies.
Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.
Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.
One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.
Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.
Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.
However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.
Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.
With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.
Source: NewsBTC.com
The post BREAKING: 21Shares Joins Race To Launch Spot Solana ETF appeared first on Crypto Breaking News.
Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology.
Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry.
One of Ronaldo’s defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision.
Ronaldo’s commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo’s writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities.
Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth.
However, Ronaldo’s aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape.
Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge.
With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.
Source: NewsBTC.com
The post BREAKING: 21Shares Joins Race To Launch Spot Solana ETF appeared first on Crypto Breaking News.
Solana Poised For Epic Reversal? Analyst Spots Bullish Pattern Echoing 2022 Breakout
Solana (SOL), a cryptocurrency renowned for its fast transaction speeds, might be on the verge of a significant comeback. Technical analysts are drawing parallels between the current price chart and a previous pattern that preceded a substantial price surge in 2022, sparking optimism for a bullish reversal.
Related Reading
Solana: Chart Pattern Suggests Possible Rebound
The buzz among analysts centers around a descending triangle pattern visible on SOL’s current chart. This pattern, often observed during a consolidation phase after a downtrend, typically indicates a continuation of the decline. However, when such a pattern forms after a significant price drop, it can also signal a reversal.
I’ve seen this movie before.$SOL pic.twitter.com/ByKj3VgSkD
— Jelle (@CryptoJelleNL) June 27, 2024
Jelle, a well-known crypto analyst and investor, has been actively discussing this pattern on social media. “I’ve seen this movie before,” the analyst says, as they draw comparisons between the current chart and the one that led to SOL’s breakout in 2022. Back then, the breakout resulted in a notable price increase, and many analysts are hopeful for a similar outcome this time around.
Approaching A Critical Juncture
The current price action of SOL mirrors the pre-breakout phase seen in 2022. The price appears to be nearing the bottom of the descending triangle, a critical point where a breakout is anticipated. If history repeats itself, as Jelle suggests, this breakout could propel SOL upwards, potentially reversing its recent slump.
Solana market cap currently at $67 billion. Chart: TradingView
However, it’s essential to approach this with a degree of caution. While technical indicators are valuable tools, they are not foolproof predictors of market behavior. The cryptocurrency market is influenced by numerous factors beyond chart patterns, including market sentiment, developments within the Solana ecosystem, and broader economic conditions.
Mixed Signals And Market Sentiment
Despite the inherent uncertainties, the overall sentiment surrounding SOL appears cautiously optimistic. According to recent analysis, there is a bullish leaning, with predictions suggesting a potential price increase of 16% by July 28, 2024. This forecast aligns with current technical indicators, which show a neutral Fear & Greed Index at 47 and a significant number of green days (43%) in the past month.
Source: CoinCodex
The coming weeks will be crucial for SOL. A decisive breakout above the upper trendline of the descending triangle would serve as strong confirmation of the bullish reversal thesis, potentially igniting a new wave of investor confidence. Conversely, if SOL fails to break out of this pattern, it could lead to continued consolidation or even a renewed decline.
Eyes On The Future
Solana’s chart pattern has evoked a sense of déjà vu, reminiscent of the bullish surge in 2022. The big question is whether this pattern will indeed lead to a similar outcome or if it will turn out to be a case of history not quite repeating itself.
Featured image from Facts.net, chart from TradingView
Source: NewsBTC.com
The post Solana Poised For Epic Reversal? Analyst Spots Bullish Pattern Echoing 2022 Breakout appeared first on Crypto Breaking News.
Related Reading
Solana: Chart Pattern Suggests Possible Rebound
The buzz among analysts centers around a descending triangle pattern visible on SOL’s current chart. This pattern, often observed during a consolidation phase after a downtrend, typically indicates a continuation of the decline. However, when such a pattern forms after a significant price drop, it can also signal a reversal.
I’ve seen this movie before.$SOL pic.twitter.com/ByKj3VgSkD
— Jelle (@CryptoJelleNL) June 27, 2024
Jelle, a well-known crypto analyst and investor, has been actively discussing this pattern on social media. “I’ve seen this movie before,” the analyst says, as they draw comparisons between the current chart and the one that led to SOL’s breakout in 2022. Back then, the breakout resulted in a notable price increase, and many analysts are hopeful for a similar outcome this time around.
Approaching A Critical Juncture
The current price action of SOL mirrors the pre-breakout phase seen in 2022. The price appears to be nearing the bottom of the descending triangle, a critical point where a breakout is anticipated. If history repeats itself, as Jelle suggests, this breakout could propel SOL upwards, potentially reversing its recent slump.
Solana market cap currently at $67 billion. Chart: TradingView
However, it’s essential to approach this with a degree of caution. While technical indicators are valuable tools, they are not foolproof predictors of market behavior. The cryptocurrency market is influenced by numerous factors beyond chart patterns, including market sentiment, developments within the Solana ecosystem, and broader economic conditions.
Mixed Signals And Market Sentiment
Despite the inherent uncertainties, the overall sentiment surrounding SOL appears cautiously optimistic. According to recent analysis, there is a bullish leaning, with predictions suggesting a potential price increase of 16% by July 28, 2024. This forecast aligns with current technical indicators, which show a neutral Fear & Greed Index at 47 and a significant number of green days (43%) in the past month.
Source: CoinCodex
The coming weeks will be crucial for SOL. A decisive breakout above the upper trendline of the descending triangle would serve as strong confirmation of the bullish reversal thesis, potentially igniting a new wave of investor confidence. Conversely, if SOL fails to break out of this pattern, it could lead to continued consolidation or even a renewed decline.
Eyes On The Future
Solana’s chart pattern has evoked a sense of déjà vu, reminiscent of the bullish surge in 2022. The big question is whether this pattern will indeed lead to a similar outcome or if it will turn out to be a case of history not quite repeating itself.
Featured image from Facts.net, chart from TradingView
Source: NewsBTC.com
The post Solana Poised For Epic Reversal? Analyst Spots Bullish Pattern Echoing 2022 Breakout appeared first on Crypto Breaking News.
Will Bitcoin Continue Dumping? This Analyst Thinks So, Here’s Why
Bitcoin is consolidating, struggling for gains, and looking at price action in the daily chart. Even with the rejection of lower prices, the coin has yet to follow through, decisively reversing losses of June 24.
Should Bitcoin Traders Brace For More Losses?
In light of this, one analyst on X thinks there could be more losses in the coming days. Posting on X, the on-chain analyst highlighted a worrying trend: Even amid the Bitcoin trading community’s optimism, sellers are relentlessly stacking up more short orders.
Traders increasing short bets | Source: @AxelAdlerJr via X
According to the Bitcoin Net Taker Oscillator indicator, the reading is -1.5%. At this level, it is at the same point observed when prices rocketed to as high as $70,000 in November 2021 before dumping sharply throughout 2022.
Bitcoin is trending at a near all-time high, roughly 20% from $73,800 printed in mid-March 2024. Although the uptrend of Q1 2024 defines the current formation, prices are retesting key support levels stacked between $56,500 and $60,000.
Bitcoin trending sideways on the daily chart | Source: BTCUSDT on Binance, TradingView
If there are deeper losses, as the analyst projects, BTC could crash, reaching $50,000. This development would automatically disqualify the short-squeeze narrative in some quarters.
Related Reading
Compounding the bearish pressure, the analyst also picked out an uptick in long liquidations, rising to 13% as of June 27. The upswing in long liquidations means that leveraged traders across leading exchanges like Binance and OKX are now exiting at a loss.
The analyst added that what’s happening regarding liquidation is similar to events in the 2019-2020 correction. Then, more long traders were liquidated, and within five months, BTC crashed by 46%.
If the past guides, then it is likely that the same could unfold in the coming months. However, the analyst notes that if whales buy over 500,000 BTC, prices will stabilize and shoot higher.
Bearish Sentiment Building Up: Time To Buy Bitcoin?
Santiment data also reinforces this bearish narrative. In recent weeks, the number of users and traders expecting BTC to edge higher has been plunging across multiple social media platforms.
Of note, bearish sentiment has been building up since the Bitcoin halving event and the sideways movement of prices since April 2024. Though traders were optimistic ahead of the Halving event on April 20, the failure of prices to breach $74,000 eroded confidence.
Bearish sentiment increasing | Source: @santimentfeed via X
Even so, the current bearish sentiment could be a contrarian indicator, especially considering the general resilience of bulls. Prices remain above $60,000, rejecting attempts for lower lows.
Related Reading
Often, declining trader and investor confidence accompany bottoms, a situation seen as of late June. Aggressive traders might view this as a loading opportunity, believing BTC is undervalued at spot rates.
Feature image from DALLE, chart from TradingView
Source: NewsBTC.com
The post Will Bitcoin Continue Dumping? This Analyst Thinks So, Here’s Why appeared first on Crypto Breaking News.
Should Bitcoin Traders Brace For More Losses?
In light of this, one analyst on X thinks there could be more losses in the coming days. Posting on X, the on-chain analyst highlighted a worrying trend: Even amid the Bitcoin trading community’s optimism, sellers are relentlessly stacking up more short orders.
Traders increasing short bets | Source: @AxelAdlerJr via X
According to the Bitcoin Net Taker Oscillator indicator, the reading is -1.5%. At this level, it is at the same point observed when prices rocketed to as high as $70,000 in November 2021 before dumping sharply throughout 2022.
Bitcoin is trending at a near all-time high, roughly 20% from $73,800 printed in mid-March 2024. Although the uptrend of Q1 2024 defines the current formation, prices are retesting key support levels stacked between $56,500 and $60,000.
Bitcoin trending sideways on the daily chart | Source: BTCUSDT on Binance, TradingView
If there are deeper losses, as the analyst projects, BTC could crash, reaching $50,000. This development would automatically disqualify the short-squeeze narrative in some quarters.
Related Reading
Compounding the bearish pressure, the analyst also picked out an uptick in long liquidations, rising to 13% as of June 27. The upswing in long liquidations means that leveraged traders across leading exchanges like Binance and OKX are now exiting at a loss.
The analyst added that what’s happening regarding liquidation is similar to events in the 2019-2020 correction. Then, more long traders were liquidated, and within five months, BTC crashed by 46%.
If the past guides, then it is likely that the same could unfold in the coming months. However, the analyst notes that if whales buy over 500,000 BTC, prices will stabilize and shoot higher.
Bearish Sentiment Building Up: Time To Buy Bitcoin?
Santiment data also reinforces this bearish narrative. In recent weeks, the number of users and traders expecting BTC to edge higher has been plunging across multiple social media platforms.
Of note, bearish sentiment has been building up since the Bitcoin halving event and the sideways movement of prices since April 2024. Though traders were optimistic ahead of the Halving event on April 20, the failure of prices to breach $74,000 eroded confidence.
Bearish sentiment increasing | Source: @santimentfeed via X
Even so, the current bearish sentiment could be a contrarian indicator, especially considering the general resilience of bulls. Prices remain above $60,000, rejecting attempts for lower lows.
Related Reading
Often, declining trader and investor confidence accompany bottoms, a situation seen as of late June. Aggressive traders might view this as a loading opportunity, believing BTC is undervalued at spot rates.
Feature image from DALLE, chart from TradingView
Source: NewsBTC.com
The post Will Bitcoin Continue Dumping? This Analyst Thinks So, Here’s Why appeared first on Crypto Breaking News.
Spot Solana ETFs: Analyst Says Don’t Get Too Excited About The Market Recovery
Crypto analyst Ali Martinez has warned the crypto community not to get too excited about the recent market recovery trigger by Spot Solana ETFs filing. Bitcoin (BTC) and the broader crypto market witnessed a relief bounce following recent bullish developments, but the analyst highlighted what could send the market into a downtrend again.
Why The Crypto Community Should Not Get “Too Excited” After Solana ETFs Rally
Martinez mentioned in an X (formerly Twitter) post that the crypto community should not get too excited because $22 million will be liquidated from the crypto market if Bitcoin drops to $60,700. A significant amount in liquidations could lead to further decline in the crypto market, especially with other traders and investors looking to close their positions for fear of being liquidated.
Related Reading
Martinez issued this warning following the market rebound made by Bitcoin and altcoins. This rebound followed news that asset manager VanEck had filed for a Spot Solana ETF with the US Securities and Exchange Commission (SEC). Solana, in particular, saw a price gain of over 8% and rallied to as high as $150 following the news.
The crypto market was also buoyed in anticipation of the US presidential debate. The crypto community had anticipated crypto being a major talking point during the discussion, although that didn’t happen. Regardless, there is still enough reason for the crypto market to be excited, as VanEck’s filing for the first-ever Spot Solana ETF marks a significant milestone not just for the Solana ecosystem but the crypto ecosystem in general.
Other asset managers can be expected to file for a Spot Solana ETF in due time, and the potential approval of these funds could usher in more crypto ETFs just as the approval of a Spot Bitcoin and Ethereum ETF motivated VanEck to file for this Spot Solana ETF. Meanwhile, the Spot Ethereum ETFs are expected to begin trading soon, providing more bullish momentum for the crypto market.
Technical Indicators Also Point To More Rallies For Bitcoin
Martinez recently highlighted an Adam and Eve bottoming pattern, which he claimed seems to be forming on Bitcoin’s chart. He stated that this signals a potential 6% rise towards $66,000 if Bitcoin can maintain a candlestick close above $62,000. Additionally, Martinez recently noted that the crypto market sentiment has turned into fear, which suggests that crypto prices are currently undervalued and that a market rebound is imminent.
Source: X
According to Martinez, Bitcoin’s relative strength index (RSI) also shows that this is a good time to buy the Bitcoin dip. Historical trends suggest that a parabolic rally is already on the cards for the flagship crypto. Once Bitcoin makes its move to the upside, the broader crypto market is expected to enjoy a massive bounce.
Related Reading
Source: X
Crypto analyst Javon Marks also alluded to Bitcoin’s RSI and highlighted a bullish divergence pattern that had formed on Bitcoin’s chart which he claimed validates a bullish outlook for the crypto token. He predicted that Bitcoin could soon make a rebound to $72,000 and possibly new all-time highs (ATHs) should this bullish pattern hold.
SOL price drops to $144 | Source: SOLUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Source: NewsBTC.com
The post Spot Solana ETFs: Analyst Says Don’t Get Too Excited About The Market Recovery appeared first on Crypto Breaking News.
Why The Crypto Community Should Not Get “Too Excited” After Solana ETFs Rally
Martinez mentioned in an X (formerly Twitter) post that the crypto community should not get too excited because $22 million will be liquidated from the crypto market if Bitcoin drops to $60,700. A significant amount in liquidations could lead to further decline in the crypto market, especially with other traders and investors looking to close their positions for fear of being liquidated.
Related Reading
Martinez issued this warning following the market rebound made by Bitcoin and altcoins. This rebound followed news that asset manager VanEck had filed for a Spot Solana ETF with the US Securities and Exchange Commission (SEC). Solana, in particular, saw a price gain of over 8% and rallied to as high as $150 following the news.
The crypto market was also buoyed in anticipation of the US presidential debate. The crypto community had anticipated crypto being a major talking point during the discussion, although that didn’t happen. Regardless, there is still enough reason for the crypto market to be excited, as VanEck’s filing for the first-ever Spot Solana ETF marks a significant milestone not just for the Solana ecosystem but the crypto ecosystem in general.
Other asset managers can be expected to file for a Spot Solana ETF in due time, and the potential approval of these funds could usher in more crypto ETFs just as the approval of a Spot Bitcoin and Ethereum ETF motivated VanEck to file for this Spot Solana ETF. Meanwhile, the Spot Ethereum ETFs are expected to begin trading soon, providing more bullish momentum for the crypto market.
Technical Indicators Also Point To More Rallies For Bitcoin
Martinez recently highlighted an Adam and Eve bottoming pattern, which he claimed seems to be forming on Bitcoin’s chart. He stated that this signals a potential 6% rise towards $66,000 if Bitcoin can maintain a candlestick close above $62,000. Additionally, Martinez recently noted that the crypto market sentiment has turned into fear, which suggests that crypto prices are currently undervalued and that a market rebound is imminent.
Source: X
According to Martinez, Bitcoin’s relative strength index (RSI) also shows that this is a good time to buy the Bitcoin dip. Historical trends suggest that a parabolic rally is already on the cards for the flagship crypto. Once Bitcoin makes its move to the upside, the broader crypto market is expected to enjoy a massive bounce.
Related Reading
Source: X
Crypto analyst Javon Marks also alluded to Bitcoin’s RSI and highlighted a bullish divergence pattern that had formed on Bitcoin’s chart which he claimed validates a bullish outlook for the crypto token. He predicted that Bitcoin could soon make a rebound to $72,000 and possibly new all-time highs (ATHs) should this bullish pattern hold.
SOL price drops to $144 | Source: SOLUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Source: NewsBTC.com
The post Spot Solana ETFs: Analyst Says Don’t Get Too Excited About The Market Recovery appeared first on Crypto Breaking News.
MAR Mining launches new Antminer that allows users to easily earn $1,000 per day
New Antminers are coming, providing MAR Mining with a more powerful and energy-efficient way to mine BTC. MAR Mining is about to face a new era of cloud mining, with higher profitability in mining BTC.
Bitmain remains the main source of mining machines, and its new models have driven an arms race among miners. Proof-of-offer greater energy efficiency and higher performance to offset environmental issues. MAR Mining has gradually grown over the past 5 years, with activity increasing by 500%. Breaking through to new ranges.
How to Start Cloud Mining
Here are the basic steps you need to take before you get started.
Step 1: Choose a Cloud Mining Provider
MAR Mining is a powerful cryptocurrency mining platform that allows you to passively earn Bitcoin, regardless of technical knowledge or financial resources, with no strings attached. Once $100 worth of Bitcoins are mined, they can be transferred to your account and traded. Any profits belong to you, and you can withdraw them to your personal wallet.
Step 2: Register an Account
MAR Mining offers a simple registration process: you just need to enter your email address. Sign up now and get $12 for free to start mining Bitcoin.
Step 3: Buy a mining contract
MAR Mining offers a variety of efficient mining contract options: contract prices range from $100 to $5,000, and each package has its own ROI and a certain contract validity period. For example:
Step 4: Earn passive income
Cloud mining is a great way to increase passive income. Passive income is available the day after purchasing the contract. Passive income is the goal of every investor and trader, and MAR Mining is the best choice to achieve it.
Platform advantages
Get $12 for free immediately after registration
Get $0.6 for logging in every day.
The profit level is high, making $1,000 a day is not a problem.
No additional service fees;
Cloudflare® security protection;
24/7 technical support.
In short
MAR Mining is a good choice if you are looking for a way to increase passive income. MAR Mining can help you grow your cryptocurrency wealth in “autopilot” mode with minimal time investment. Passive income is the goal of every investor and trader, and with MAR mining, you can maximize your passive income potential more easily than ever
For more information on MAR mining, visit the official website: https://marmining.com/
The post MAR Mining launches new Antminer that allows users to easily earn $1,000 per day appeared first on Crypto Breaking News.
Bitcoin Miner Selling Cools Off – Is This The Breakout Moment?
In an analysis provided by CryptoQuant, a significant change in Bitcoin miner behavior has been noted, potentially indicating a turning point. CryptoQuant analyst, known as Crypto Dan, outlined a reduction in miners’ selling pressure, which has historically been a pivotal factor affecting Bitcoin’s price trajectory.
Bitcoin Mining Selling Pressure Decreases
According to Crypto Dan, “Miners’ selling pressure decreases. One of the whales that have caused the cryptocurrency market to fall recently have been miners.” He explained that the BTC halving, which halved mining rewards, led to a decrease in the use of older, less efficient mining rigs, subsequently reducing overall mining activity. This change forced miners to sell Bitcoin in over-the-counter (OTC) transactions to sustain their operations.
The analysis suggests that the market is currently absorbing the sell-off, with a notable decline in the volume and frequency of Bitcoin being transferred out of miners’ wallets. “The current market can be seen as being in the process of digesting this sell-off, and fortunately, the quantity and number of Bitcoins miners are sending out of their wallets has been rapidly decreasing recently,” Crypto Dan stated.
Related Reading
The implications of this shift are significant. Crypto Dan added, “In other words, the selling pressure of miners is weakening, and if all of their selling volume is absorbed, a situation may be created where the upward rally can continue again.” He projected optimism for the market, predicting positive movements in the third quarter of 2024.
Historical data from CryptoQuant corroborates the analysis. BTC has previously shown a similar pattern where miner selling activity exerted a strong influence on market prices, particularly noted from May to September 2023 and from December 2023 to January 2024. During these periods, prolonged sideways movement in BTC prices was observed, aligning with peaks in miner selling. Notably, when these selling activities diminished, Bitcoin prices resumed an upward trend.
Bitcoin miner withdrawing transactions | Source: CryptoQuant
This pattern suggests that the recent decrease in miner selling could be the precursor to another significant bullish phase for Bitcoin, as market conditions appear ripe for a similar reversal of fortunes.
Key Price Level For A Bullish Breakout
Further insights from technical analysts at alpha dōjō provide a granular view of the market conditions. Their daily update on Bitcoin through X underscores the current market indecision, characterized by Bitcoin “chopping around” without clear directional movement. However, the analysts have identified critical price levels which could indicate future market movements: “If BTC reclaims the $63.5k area, it would be bullish; if it loses the $60k level, it would be bearish.”
Related Reading
The technical analysis also reveals that the liquidity in the Bitcoin market is currently dispersed, with few substantial clusters of orders. The most notable concentration of orders is around the $63.5k level, suggesting that this price point is pivotal for market sentiment and potential bullish momentum.
BTC heatmap | Source: X @alphadojo_net
The order book data provided by alpha dōjō highlights a current dominance of sell orders, indicating a bearish sentiment among traders. Conversely, the bid side is described as weak, with fewer buy orders supporting upward price movements. This imbalance suggests that the market is currently cautious, potentially awaiting more definitive signals before committing to more substantial positions.
At press time, BTC traded at $61,704.
BTC trades above $61,000, 1-day chart | Source: BTCUSD on TradingView.com
Featured image created with DALL·E, chart from TradingView.com
Source: NewsBTC.com
The post Bitcoin Miner Selling Cools Off – Is This The Breakout Moment? appeared first on Crypto Breaking News.
Bitcoin Mining Selling Pressure Decreases
According to Crypto Dan, “Miners’ selling pressure decreases. One of the whales that have caused the cryptocurrency market to fall recently have been miners.” He explained that the BTC halving, which halved mining rewards, led to a decrease in the use of older, less efficient mining rigs, subsequently reducing overall mining activity. This change forced miners to sell Bitcoin in over-the-counter (OTC) transactions to sustain their operations.
The analysis suggests that the market is currently absorbing the sell-off, with a notable decline in the volume and frequency of Bitcoin being transferred out of miners’ wallets. “The current market can be seen as being in the process of digesting this sell-off, and fortunately, the quantity and number of Bitcoins miners are sending out of their wallets has been rapidly decreasing recently,” Crypto Dan stated.
Related Reading
The implications of this shift are significant. Crypto Dan added, “In other words, the selling pressure of miners is weakening, and if all of their selling volume is absorbed, a situation may be created where the upward rally can continue again.” He projected optimism for the market, predicting positive movements in the third quarter of 2024.
Historical data from CryptoQuant corroborates the analysis. BTC has previously shown a similar pattern where miner selling activity exerted a strong influence on market prices, particularly noted from May to September 2023 and from December 2023 to January 2024. During these periods, prolonged sideways movement in BTC prices was observed, aligning with peaks in miner selling. Notably, when these selling activities diminished, Bitcoin prices resumed an upward trend.
Bitcoin miner withdrawing transactions | Source: CryptoQuant
This pattern suggests that the recent decrease in miner selling could be the precursor to another significant bullish phase for Bitcoin, as market conditions appear ripe for a similar reversal of fortunes.
Key Price Level For A Bullish Breakout
Further insights from technical analysts at alpha dōjō provide a granular view of the market conditions. Their daily update on Bitcoin through X underscores the current market indecision, characterized by Bitcoin “chopping around” without clear directional movement. However, the analysts have identified critical price levels which could indicate future market movements: “If BTC reclaims the $63.5k area, it would be bullish; if it loses the $60k level, it would be bearish.”
Related Reading
The technical analysis also reveals that the liquidity in the Bitcoin market is currently dispersed, with few substantial clusters of orders. The most notable concentration of orders is around the $63.5k level, suggesting that this price point is pivotal for market sentiment and potential bullish momentum.
BTC heatmap | Source: X @alphadojo_net
The order book data provided by alpha dōjō highlights a current dominance of sell orders, indicating a bearish sentiment among traders. Conversely, the bid side is described as weak, with fewer buy orders supporting upward price movements. This imbalance suggests that the market is currently cautious, potentially awaiting more definitive signals before committing to more substantial positions.
At press time, BTC traded at $61,704.
BTC trades above $61,000, 1-day chart | Source: BTCUSD on TradingView.com
Featured image created with DALL·E, chart from TradingView.com
Source: NewsBTC.com
The post Bitcoin Miner Selling Cools Off – Is This The Breakout Moment? appeared first on Crypto Breaking News.
WIF Heading For Rock Bottom? $2.2 Rejection Fuels Further Decline
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life.
My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.
I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.
When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.
Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.
My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.
Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.
One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.
I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.
I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.
I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.
Source: NewsBTC.com
The post WIF Heading For Rock Bottom? $2.2 Rejection Fuels Further Decline appeared first on Crypto Breaking News.
My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world.
I was exposed to the cryptocurrency world 3 years ago and got so interested in knowing so much about it. It all started when a friend of mine invested in a crypto asset, which he yielded massive gains from his investments.
When I confronted him about cryptocurrency he explained his journey so far in the field. It was impressive getting to know about his consistency and dedication in the space despite the risks involved, and these are the major reasons why I got so interested in cryptocurrency.
Trust me, I’ve had my share of experience with the ups and downs in the market but I never for once lost the passion to grow in the field. This is because I believe growth leads to excellence and that’s my goal in the field. And today, I am an employee of Bitcoinnist and NewsBTC news outlets.
My Bosses and co-workers are the best kinds of people I have ever worked with, in and outside the crypto landscape. I intend to give my all working alongside my amazing colleagues for the growth of these companies.
Sometimes I like to picture myself as an explorer, this is because I like visiting new places, I like learning new things (useful things to be precise), I like meeting new people – people who make an impact in my life no matter how little it is.
One of the things I love and enjoy doing the most is football. It will remain my favorite outdoor activity, probably because I’m so good at it. I am also very good at singing, dancing, acting, fashion and others.
I cherish my time, work, family, and loved ones. I mean, those are probably the most important things in anyone’s life. I don’t chase illusions, I chase dreams.
I know there is still a lot about myself that I need to figure out as I strive to become successful in life. I’m certain I will get there because I know I am not a quitter, and I will give my all till the very end to see myself at the top.
I aspire to be a boss someday, having people work under me just as I’ve worked under great people. This is one of my biggest dreams professionally, and one I do not take lightly. Everyone knows the road ahead is not as easy as it looks, but with God Almighty, my family, and shared passion friends, there is no stopping me.
Source: NewsBTC.com
The post WIF Heading For Rock Bottom? $2.2 Rejection Fuels Further Decline appeared first on Crypto Breaking News.
Don’t Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst
Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a significant decline in value recently. Over the past month, its price has dropped by 15%, leading to concerns among investors about the future of this digital asset. The current situation raises questions about whether this downturn signals a prolonged decline or if it is merely a temporary setback before a potential recovery.
Related Reading
Despite the price decrease, some analysts remain optimistic about Ethereum’s prospects. Prominent cryptocurrency analyst Yodhha has identified technical patterns that may indicate a forthcoming reversal in Ethereum’s fortunes.
ETH in the read in the last week. Source: Coingecko
Ethereum: Signs Of Potential Reversal?
Yodhha’s analysis highlights two key chart formations: the Inverse Head & Shoulders and the Falling Wedge (also known as a Bull Flag). The Inverse Head & Shoulders pattern, a common indicator of a market reversal, suggests that a downtrend may be shifting towards an uptrend. The Falling Wedge pattern, which occurs when the price is temporarily confined within a narrowing range, often precedes a breakout and continuation of an uptrend.
$ETH
Anytime now… pic.twitter.com/qF4uiWquFI
— Yoddha (@CryptoYoddha) June 26, 2024
These technical indicators, along with other markers, suggest that Ethereum may already be on the verge of entering bullish territory. Yodhha’s analysis also identifies specific price levels that, if surpassed, could lead to a significant price increase for Ethereum.
Impact Of Regulatory Developments
In addition to technical analysis, regulatory developments play a crucial role in the cryptocurrency market. One of the most anticipated events is the potential approval of a spot Ethereum Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission. Industry experts speculate that this approval could come as early as July 4th, a date that could mark a significant milestone for Ethereum.
Ether market cap currently at $411 billion. Chart: TradingView.com
Financial services firm StoneX predicts that the approval of an Ethereum ETF could lead to a substantial increase in the cryptocurrency’s price. According to StoneX, Ethereum could see a price rise of up to 40% within two months following the ETF’s launch.
This surge in investor interest could help Ethereum recover from its recent slump and reach new price highs. StoneX’s projections suggest that Ethereum’s price could range from $2,140 to as high as $12,620 over the next two years, even under more conservative scenarios.
Related Reading
Investment Considerations
The recent decline in Ethereum’s price may offer a compelling opportunity for investors. With technical indicators suggesting a possible bullish reversal and the potential for significant regulatory developments, Ethereum’s future could be brighter than its current performance suggests. Investors should consider these factors when evaluating their investment strategies in the cryptocurrency market.
Featured image from HCA Healthcare Today, chart from TradingView
Source: NewsBTC.com
The post Don’t Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst appeared first on Crypto Breaking News.
Related Reading
Despite the price decrease, some analysts remain optimistic about Ethereum’s prospects. Prominent cryptocurrency analyst Yodhha has identified technical patterns that may indicate a forthcoming reversal in Ethereum’s fortunes.
ETH in the read in the last week. Source: Coingecko
Ethereum: Signs Of Potential Reversal?
Yodhha’s analysis highlights two key chart formations: the Inverse Head & Shoulders and the Falling Wedge (also known as a Bull Flag). The Inverse Head & Shoulders pattern, a common indicator of a market reversal, suggests that a downtrend may be shifting towards an uptrend. The Falling Wedge pattern, which occurs when the price is temporarily confined within a narrowing range, often precedes a breakout and continuation of an uptrend.
$ETH
Anytime now… pic.twitter.com/qF4uiWquFI
— Yoddha (@CryptoYoddha) June 26, 2024
These technical indicators, along with other markers, suggest that Ethereum may already be on the verge of entering bullish territory. Yodhha’s analysis also identifies specific price levels that, if surpassed, could lead to a significant price increase for Ethereum.
Impact Of Regulatory Developments
In addition to technical analysis, regulatory developments play a crucial role in the cryptocurrency market. One of the most anticipated events is the potential approval of a spot Ethereum Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission. Industry experts speculate that this approval could come as early as July 4th, a date that could mark a significant milestone for Ethereum.
Ether market cap currently at $411 billion. Chart: TradingView.com
Financial services firm StoneX predicts that the approval of an Ethereum ETF could lead to a substantial increase in the cryptocurrency’s price. According to StoneX, Ethereum could see a price rise of up to 40% within two months following the ETF’s launch.
This surge in investor interest could help Ethereum recover from its recent slump and reach new price highs. StoneX’s projections suggest that Ethereum’s price could range from $2,140 to as high as $12,620 over the next two years, even under more conservative scenarios.
Related Reading
Investment Considerations
The recent decline in Ethereum’s price may offer a compelling opportunity for investors. With technical indicators suggesting a possible bullish reversal and the potential for significant regulatory developments, Ethereum’s future could be brighter than its current performance suggests. Investors should consider these factors when evaluating their investment strategies in the cryptocurrency market.
Featured image from HCA Healthcare Today, chart from TradingView
Source: NewsBTC.com
The post Don’t Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst appeared first on Crypto Breaking News.
Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase
In a recent technical analysis by popular crypto analyst Big Mike (@Michael_EWpro), the likelihood of a substantial rise in Dogecoin (DOGE) has been spotlighted. Employing a blend of Elliott Wave theory, Fibonacci retracement levels, and crucial indicators such as the RSI and MACD, the analysis presents a bullish scenario that could greatly influence Dogecoin’s market stance.
Why Dogecoin Could Skyrocket By 440%
The three-day chart for Dogecoin, as traded on Binance, exhibits a complex structure that suggests the application of Elliott Wave theory, which is essential in predicting price movements based on investor psychology and momentum. The chart indicates the end of a corrective phase and the start of a potential strong bullish trend.
Dogecoin price analysis | Source: X @Michael_EWpro
The Elliott Wave pattern on the chart pinpoints several crucial phases. Wave 1 began at a base level below $0.08, marking the onset of bullish momentum and peaked at $0.2196.
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Following this, the chart shows a corrective phase characterized by an A-B-C pattern. This pattern is key in Elliott Wave theory, representing a market correction after an initial price surge. Here, Wave A starts the correction with a downturn to $0.1189, followed by a slight upward retracement in Wave B to $0.17, and then a more significant decline in Wave C, setting the stage for the completion of Wave 2.
This corrective phase is vital as it sets up the foundation for the anticipated bullish Wave 3. However, Big Mike predicts wave 2 could push the Dogecoin price down to $0.1032 (which represents the peak of a superior wave 1) before the onset of wave 3.
The Fibonacci retracement tool is employed to identify potential future support or resistance levels. In this analysis, the 0.618 Fibonacci level at $0.2196 is particularly significant as it marks the peak of wave 1 and a strong resistance point that could influence future price reversals.
Related Reading
The analysis also identifies potential long-term resistance levels at 1, 1.414, and 1.618 Fibonacci extensions, priced at $0.3208, $0.4839, and $0.5925 respectively. These levels could play crucial roles if the bullish Wave 3 unfolds as anticipated.
Historically, the third wave in Elliott Wave theory is often the most dynamic and extensive, indicating substantial bullish potential for DOGE. This wave aims to challenge and possibly surpass long-term resistance levels. Big Mike speculates that wave 3 could reach near the 1.414 Fibonacci extension level.
A potential Wave 4 might see a pullback to $0.3208 (1.0 Fibonacci level), while Wave 5 could drive the Dogecoin price to $0.6723, representing a 440% increase from current levels. Notably, this is also the peak for the superior wave 3.
The Relative Strength Index (RSI), currently below 50, suggests a neutral stance for DOGE, indicating potential for upward movement as market sentiment shifts towards buying. The Moving Average Convergence Divergence (MACD) is nearing a bullish crossover, often signaling increased bullish momentum. This indicator is pivotal as it may validate the onset of the strong upward trend projected.
At press time, DOGE traded at $0.1248.
DOGE needs to reclaim the 200-day EMA, 1-day chart | Source: DOGEUSD on TradingView.com
Featured image created with DALL·E, chart from TradingView.com
Source: NewsBTC.com
The post Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase appeared first on Crypto Breaking News.
Why Dogecoin Could Skyrocket By 440%
The three-day chart for Dogecoin, as traded on Binance, exhibits a complex structure that suggests the application of Elliott Wave theory, which is essential in predicting price movements based on investor psychology and momentum. The chart indicates the end of a corrective phase and the start of a potential strong bullish trend.
Dogecoin price analysis | Source: X @Michael_EWpro
The Elliott Wave pattern on the chart pinpoints several crucial phases. Wave 1 began at a base level below $0.08, marking the onset of bullish momentum and peaked at $0.2196.
Related Reading
Following this, the chart shows a corrective phase characterized by an A-B-C pattern. This pattern is key in Elliott Wave theory, representing a market correction after an initial price surge. Here, Wave A starts the correction with a downturn to $0.1189, followed by a slight upward retracement in Wave B to $0.17, and then a more significant decline in Wave C, setting the stage for the completion of Wave 2.
This corrective phase is vital as it sets up the foundation for the anticipated bullish Wave 3. However, Big Mike predicts wave 2 could push the Dogecoin price down to $0.1032 (which represents the peak of a superior wave 1) before the onset of wave 3.
The Fibonacci retracement tool is employed to identify potential future support or resistance levels. In this analysis, the 0.618 Fibonacci level at $0.2196 is particularly significant as it marks the peak of wave 1 and a strong resistance point that could influence future price reversals.
Related Reading
The analysis also identifies potential long-term resistance levels at 1, 1.414, and 1.618 Fibonacci extensions, priced at $0.3208, $0.4839, and $0.5925 respectively. These levels could play crucial roles if the bullish Wave 3 unfolds as anticipated.
Historically, the third wave in Elliott Wave theory is often the most dynamic and extensive, indicating substantial bullish potential for DOGE. This wave aims to challenge and possibly surpass long-term resistance levels. Big Mike speculates that wave 3 could reach near the 1.414 Fibonacci extension level.
A potential Wave 4 might see a pullback to $0.3208 (1.0 Fibonacci level), while Wave 5 could drive the Dogecoin price to $0.6723, representing a 440% increase from current levels. Notably, this is also the peak for the superior wave 3.
The Relative Strength Index (RSI), currently below 50, suggests a neutral stance for DOGE, indicating potential for upward movement as market sentiment shifts towards buying. The Moving Average Convergence Divergence (MACD) is nearing a bullish crossover, often signaling increased bullish momentum. This indicator is pivotal as it may validate the onset of the strong upward trend projected.
At press time, DOGE traded at $0.1248.
DOGE needs to reclaim the 200-day EMA, 1-day chart | Source: DOGEUSD on TradingView.com
Featured image created with DALL·E, chart from TradingView.com
Source: NewsBTC.com
The post Dogecoin To The Moon? Crypto Analyst Predicts 440% Price Increase appeared first on Crypto Breaking News.
Solana (SOL) Rockets Over 10%: Analyzing The Bullish Trend
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Source: NewsBTC.com
The post Solana (SOL) Rockets Over 10%: Analyzing The Bullish Trend appeared first on Crypto Breaking News.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Source: NewsBTC.com
The post Solana (SOL) Rockets Over 10%: Analyzing The Bullish Trend appeared first on Crypto Breaking News.
BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares
In a recent filing with the US Securities and Exchange Commission (SEC), the BlackRock Global Allocation Fund disclosed its ownership of 43,000 shares of the asset manager’s Bitcoin ETF, iShares Bitcoin Trust, as of April 30.
This announcement follows two previous filings by BlackRock on May 28, which disclosed the fund’s exposure to Bitcoin in its Strategic Global Bond Fund and Strategic Income Opportunities Portfolio.
BlackRock Bitcoin ETF Investment Plan
The investment giant’s move towards Bitcoin integration became evident in March when it submitted a filing to the SEC, expressing its intention to include Bitcoin ETFs in its Global Allocation Fund.
BlackRock’s objective is to invest in Bitcoin ETFs that directly hold BTC, aiming to mirror the performance of the digital currency market.
The company’s filing specified that the Global Allocation Fund may acquire shares in exchange-traded products (ETPs) that seek to reflect the price of Bitcoin by directly holding the cryptocurrency. However, it clarified that investments in Bitcoin ETPs will be limited to those listed and traded on recognized national securities exchanges.
Related Reading
This initiative aligns with BlackRock’s broader investment strategy for its Global Allocation Fund, a mutual fund designed to diversify investors through a wide range of assets, including equities, bonds, and potentially Bitcoin ETPs.
With $17.8 billion in assets under management (AUM) and a year-to-date return of 4.61% as of March 2024, the fund aims to capitalize on global investment opportunities while effectively managing risk and pursuing long-term capital growth and income.
This marks the third internal BlackRock fund to invest in Bitcoin through the iShares Bitcoin Trust (IBIT) ETF. The Strategic Global Bond Fund, Strategic Income Opportunities Portfolio, and now the Global Allocation Fund have all recognized the potential of Bitcoin as an investment asset.
Bitcoin Price Analysis
In the past 24 hours, Bitcoin has shown resilience by reclaiming the $61,780 level after experiencing a dip to as low as $58,000 on Monday. This recovery suggests that the leading cryptocurrency is withstanding the selling pressure it has encountered over the past week, indicating a potential continuation of its halted uptrend.
According to technical analyst Ali Martinez, Bitcoin is forming an Adam & Eve bottoming pattern, which could lead to a projected 6% increase towards $66,000 if BTC maintains a candlestick close above the $62,200 level.
Furthermore, historical data indicates that July has historically been favorable for Bitcoin’s price growth, particularly in years of Halving.
Bitcoin monthly returns during July. Source: MS2 Capital on X
Analyzing the image above, 7 out of the previous 11 July months resulted in positive gains. The green months, in particular, generated an impressive upside of 16.52%, while the red months experienced a downside of 6.99%.
Examining the performance of Bitcoin in the third quarter (Q3), the data presents a more balanced picture. Out of the previous 11 Q3 periods, 5 were positive. Green Q3s, on average, produced a significant upside of 33.52%, while red Q3s generated an average downside of 16.023%.
Related Reading
Whether historical price performance will repeat itself, leading to price gains for BTC, remains to be answered. If history were to repeat in this scenario, it could potentially result in Bitcoin retesting its all-time high, which reached $73,700 in March, potentially even surpassing it.
The 1-D chart shows BTC’s price recovery attempt. Source: BTCUSD on TradingView.com
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares appeared first on Crypto Breaking News.
This announcement follows two previous filings by BlackRock on May 28, which disclosed the fund’s exposure to Bitcoin in its Strategic Global Bond Fund and Strategic Income Opportunities Portfolio.
BlackRock Bitcoin ETF Investment Plan
The investment giant’s move towards Bitcoin integration became evident in March when it submitted a filing to the SEC, expressing its intention to include Bitcoin ETFs in its Global Allocation Fund.
BlackRock’s objective is to invest in Bitcoin ETFs that directly hold BTC, aiming to mirror the performance of the digital currency market.
The company’s filing specified that the Global Allocation Fund may acquire shares in exchange-traded products (ETPs) that seek to reflect the price of Bitcoin by directly holding the cryptocurrency. However, it clarified that investments in Bitcoin ETPs will be limited to those listed and traded on recognized national securities exchanges.
Related Reading
This initiative aligns with BlackRock’s broader investment strategy for its Global Allocation Fund, a mutual fund designed to diversify investors through a wide range of assets, including equities, bonds, and potentially Bitcoin ETPs.
With $17.8 billion in assets under management (AUM) and a year-to-date return of 4.61% as of March 2024, the fund aims to capitalize on global investment opportunities while effectively managing risk and pursuing long-term capital growth and income.
This marks the third internal BlackRock fund to invest in Bitcoin through the iShares Bitcoin Trust (IBIT) ETF. The Strategic Global Bond Fund, Strategic Income Opportunities Portfolio, and now the Global Allocation Fund have all recognized the potential of Bitcoin as an investment asset.
Bitcoin Price Analysis
In the past 24 hours, Bitcoin has shown resilience by reclaiming the $61,780 level after experiencing a dip to as low as $58,000 on Monday. This recovery suggests that the leading cryptocurrency is withstanding the selling pressure it has encountered over the past week, indicating a potential continuation of its halted uptrend.
According to technical analyst Ali Martinez, Bitcoin is forming an Adam & Eve bottoming pattern, which could lead to a projected 6% increase towards $66,000 if BTC maintains a candlestick close above the $62,200 level.
Furthermore, historical data indicates that July has historically been favorable for Bitcoin’s price growth, particularly in years of Halving.
Bitcoin monthly returns during July. Source: MS2 Capital on X
Analyzing the image above, 7 out of the previous 11 July months resulted in positive gains. The green months, in particular, generated an impressive upside of 16.52%, while the red months experienced a downside of 6.99%.
Examining the performance of Bitcoin in the third quarter (Q3), the data presents a more balanced picture. Out of the previous 11 Q3 periods, 5 were positive. Green Q3s, on average, produced a significant upside of 33.52%, while red Q3s generated an average downside of 16.023%.
Related Reading
Whether historical price performance will repeat itself, leading to price gains for BTC, remains to be answered. If history were to repeat in this scenario, it could potentially result in Bitcoin retesting its all-time high, which reached $73,700 in March, potentially even surpassing it.
The 1-D chart shows BTC’s price recovery attempt. Source: BTCUSD on TradingView.com
Featured image from DALL-E, chart from TradingView.com
Source: NewsBTC.com
The post BlackRock Global Allocation Fund Reveals Major Bitcoin ETF Stake With 43,000 Shares appeared first on Crypto Breaking News.
XRP Price Fails To Ignite: Understanding The Downward Risks
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Source: NewsBTC.com
The post XRP Price Fails To Ignite: Understanding The Downward Risks appeared first on Crypto Breaking News.
From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.
Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.
Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.
At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.
In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.
Source: NewsBTC.com
The post XRP Price Fails To Ignite: Understanding The Downward Risks appeared first on Crypto Breaking News.
Ethereum Price Hints at Upside: Analyzing The Bullish Signals
Ethereum price is attempting a fresh increase above the $3,420 resistance zone. ETH is now struggling to clear the $3,480 and $3,520 resistance levels.
Ethereum slowly moved higher above the $3,420 zone.
The price is trading above $3,400 and the 100-hourly Simple Moving Average.
There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $3,480 and $3,520 resistance levels to continue higher.
Ethereum Price Recovers Slightly
Ethereum price started a decent recovery wave above the $3,350 level. ETH even cleared the $3,400 level and outperformed Bitcoin. There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD.
The pair even cleared the $3,450 resistance zone. A high was formed at $3,482 and the price is now consolidating gains. There was a move below the $3,450 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high.
The bulls are now trying to protect more downsides below the $3,420 level. Ethereum is trading above $3,400 and the 100-hourly Simple Moving Average.
On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,520 level. A close above the $3,520 level might send Ether toward the $3,550 resistance.
Source: ETHUSD on TradingView.com
The next key resistance is near $3,620. An upside break above the $3,620 resistance might send the price higher. Any more gains could send Ether toward the $3,740 resistance zone.
Another Drop In ETH?
If Ethereum fails to clear the $3,480 resistance, it could start another decline. Initial support on the downside is near $3,420. The first major support sits near the $3,400 zone and the 50% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high.
A clear move below the $3,400 support might push the price toward $3,320. Any more losses might send the price toward the $3,240 level in the near term.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,400
Major Resistance Level – $3,480
Source: NewsBTC.com
The post Ethereum Price Hints at Upside: Analyzing The Bullish Signals appeared first on Crypto Breaking News.
Ethereum slowly moved higher above the $3,420 zone.
The price is trading above $3,400 and the 100-hourly Simple Moving Average.
There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD (data feed via Kraken).
The pair must clear the $3,480 and $3,520 resistance levels to continue higher.
Ethereum Price Recovers Slightly
Ethereum price started a decent recovery wave above the $3,350 level. ETH even cleared the $3,400 level and outperformed Bitcoin. There was a break above a connecting bearish trend line with resistance near $3,390 on the hourly chart of ETH/USD.
The pair even cleared the $3,450 resistance zone. A high was formed at $3,482 and the price is now consolidating gains. There was a move below the $3,450 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high.
The bulls are now trying to protect more downsides below the $3,420 level. Ethereum is trading above $3,400 and the 100-hourly Simple Moving Average.
On the upside, the price is facing resistance near the $3,480 level. The first major resistance is near the $3,500 level. The next major hurdle is near the $3,520 level. A close above the $3,520 level might send Ether toward the $3,550 resistance.
Source: ETHUSD on TradingView.com
The next key resistance is near $3,620. An upside break above the $3,620 resistance might send the price higher. Any more gains could send Ether toward the $3,740 resistance zone.
Another Drop In ETH?
If Ethereum fails to clear the $3,480 resistance, it could start another decline. Initial support on the downside is near $3,420. The first major support sits near the $3,400 zone and the 50% Fib retracement level of the upward move from the $3,328 swing low to the $3,482 high.
A clear move below the $3,400 support might push the price toward $3,320. Any more losses might send the price toward the $3,240 level in the near term.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $3,400
Major Resistance Level – $3,480
Source: NewsBTC.com
The post Ethereum Price Hints at Upside: Analyzing The Bullish Signals appeared first on Crypto Breaking News.
Is Ethereum About To Take Off? Analysts Weigh In Amid ETF Approval Date Rumors
Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology.
From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.
In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.
At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.
After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.
Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies –or her favorite memes.
In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.
She also has a passion for learning new languages and cultures, having set the goal to learn another six languages – currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.
In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.
Source: NewsBTC.com
The post Is Ethereum About To Take Off? Analysts Weigh In Amid ETF Approval Date Rumors appeared first on Crypto Breaking News.
From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations.
In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn’t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored.
At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money.
After the failure of her home country’s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education.
Moreover, the peculiar nature of the crypto community sparked Rubmar’s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies –or her favorite memes.
In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school’s marching band.
She also has a passion for learning new languages and cultures, having set the goal to learn another six languages – currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats –hers or stray.
In summary, Rubmar seeks to present entertaining and educational pieces to be enjoyed by everybody, aiming to report on the latest news and offer a unique perspective while adding a meme or a pun whenever possible.
Source: NewsBTC.com
The post Is Ethereum About To Take Off? Analysts Weigh In Amid ETF Approval Date Rumors appeared first on Crypto Breaking News.
