X App📩 : @ygcrypto | Follow for the daily Crypto updates, you can get great Insights, i will post daily TA and will give you my Targets 💪 and always DYOR 💙
In 2010, Wei Zhang, a Chinese investor, bought thousands of #Bitcoins for less than a penny each, spending just $10. As Bitcoin's value soared, Wei's investment turned into a fortune worth billions.
By 2017, Wei had amassed a staggering 99,000 $BTC . However, in early 2018, a sophisticated phishing attack breached the security of Wei's #crypto margin exchange, CryptoLeap, which he had built in 2014. Hackers stole Wei's entire #BTC fortune, then valued at a jaw-dropping $6 billion.
The incident led to the collapse of CryptoLeap and Wei's resignation. Despite the catastrophic loss, Wei channeled his experience into #cybersecurity , becoming a mentor and advocate for stronger protections in the crypto industry.
Wei's hard-learned lessons now serve to protect future investors from similar attacks. 🔐 $FET $NOT
🚨 Breaking News: Elon Musk's X Says "No" to Crypto Payments! 🚫💰
In a surprising twist, Elon Musk's X (formerly known as Twitter) has decided to exclude #cryptocurrency from its upcoming payment features. 😱 Despite Musk's previous hints at integrating #crypto into the platform, the latest reports suggest that X's payment plans will be limited to traditional fiat currencies. 💸
This unexpected shift has left the crypto community scratching their heads, wondering what happened to Musk's crypto-friendly stance. 🤔 Could it be a strategic move to avoid regulatory hurdles? Or perhaps a change of heart? 💡 #Bitcoin
While X aims to become an "everything app" like WeChat, it seems that crypto won't be part of the equation... at least for now. 😕 But hey, who knows what the future holds? 🔮
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$NPI🔥🫴
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Previously you guys faded on $FLOKI
Then you faded on $MEME
Now you guys faded on #Npc
There a lot of things that you guys are surely missing and #BULLRUN24 isn't something that you guys are gonna see in your eyes all the time !! Sometimes we are in that phase but we don't even understand it properly
This NPC token is gonna hit more hard but you will fade as well and there are more like them
LDO Chart Analysis: Consolidation or Correction? 🤯
#LDO took a sharp turn lower after a brief consolidation phase. Looking at the bigger picture, the price is currently stuck between a major support zone of $1.61 - $1.69 and a major resistance zone of $2.62 - $2.69.
While the price is nearing an intermediate support level, a significant bounce might not be imminent.
Here's a breakdown of the key points:
Sharp Drop: $LDO experienced a notable price decline following a short consolidation period.
Support & Resistance Zones: The price is currently hovering near a major support area ($1.61 - $1.69) with resistance looming above ($2.62 - $2.69).
Intermediate Support Caution: While nearing an intermediate support level, a substantial price increase might not be guaranteed.👊
What to Consider:
Wait for Confirmation: It might be prudent to wait for the price action to develop further before making any investment decisions. Ideally, a clear break above the intermediate support or a retest of the major support zone would provide more clarity.
#OM is currently stuck in a familiar zone - the trading range between $0.75 - $0.76 (resistance) and $0.63 - $0.65 (support). Price action is consolidating within this range, hinting at an impending breakout.
Here's what to watch for:
Breakout Direction: The breakout direction will be crucial. A surge above resistance at $0.76 could signal a potential uptrend, while a drop below support at $0.63 could indicate a downtrend for $OM .
Trading Volume: Volume plays a key role. A breakout accompanied by high volume suggests stronger conviction in the chosen direction.
Current Scenario: Right now, it's a waiting game. The consolidation phase suggests some indecision in the market. Observing the breakout direction and volume will be essential in determining OM's next move.
100M Liras Transferred to Binance from Dormant Bitcoin Wallet! 😱
In a stunning turn of events, a Bitcoin wallet that had been dormant for 14 years suddenly came to life! 👻
Back in July 2010, a miner earned 50 $BTC for his work, worth a mere $2.5 at the time. Fast forward to today, those same bitcoin are now worth a whopping $3.76 million! 💰
The wallet, which had been inactive since the early days of Bitcoin, transferred its entire balance to #Binance , a popular cryptocurrency exchange. 📈
This story highlights the incredible growth and value appreciation of #BTC over the years. From a novelty to a mainstream investment, the world's first cryptocurrency has come a long way. 🌍
But why did the owner wait so long to move their bitcoin? 🤔 Some speculate they simply forgot about their wallet, while others believe they were waiting for the perfect moment to cash in on their investment. 💡
Regardless of the reason, this event serves as a reminder of the potential rewards of holding onto your #Bitcoin for the long term. 📈
🔻FTM Struggles After Channel Break: Is More Downside Likely?🔻
Uh oh, $FTM isn't looking happy. The price decisively broke out of its trading channel and dipped about 5% in the process. Now it's retesting a key support level that previously held firm, but the overall market sentiment isn't exactly screaming "#Bullish ."
Here's a breakdown of the situation:
Channel Breakout: FTM lost momentum and broke the bottom of its trading channel.
Support Retest: The price is currently attempting to find support at a previously established level.
Market Woes: The broader crypto market isn't showing much enthusiasm, which could put additional downward pressure on #FTM .
Potential for Further Dump?
The lack of bullish market response and the support retest raise concerns about a potential further drop for FTM. However, it's important to remember that technical analysis is not a crystal ball.
Bitcoin's weekend trading activity has hit a new low in 2024. Currently, weekend volume sits at a meager 16%, a significant drop from the 28% peak observed in 2019. This could indicate several things:
Reduced Retail Participation: Traditionally, weekends see a surge in retail investor activity. Lower weekend volume could suggest less individual investor interest in #Bitcoin compared to past years.
Institutional Shift: Perhaps institutional investors, known for weekday trading, now dominate the market, reducing the weekend volume impact.
Market Maturation: A more mature market might see smoother #trading activity throughout the week, diminishing the weekend dip.
What Does This Mean?
It's too early to say definitively. While lower weekend volume might suggest waning retail interest, it could also be a sign of a maturing market.
What to Do?
Consider this news alongside other #market indicators. Look for changes in price volatility, trading volume across the week, and overall market sentiment. Remember, this is just one data point.
#UNFI bulls face a challenge after a harsh rejection from the key resistance zone of $5.57 - $5.79. The price is currently hovering near the support line within a channel pattern.
Potential Scenarios:
Bounce: If $UNFI finds support at the current level, we could see a price swing back upwards within the channel.📈 Breakdown: A break below the support line could trigger a significant drop towards the next #support area of $3.05 - $3.25.🩸
Key Takeaways:🔐
UNFI is at a critical juncture, with the price action dictating the next move. A bounce could signal a continuation of the channel pattern.
A breakdown suggests further downside potential towards the $3.05 - $3.25 support zone.
The $LINK price action is choppy, making it difficult to determine the direction.
I see two possible scenarios: 1. We either break the bullish structure and start an uptrend to the range high. 2. Or, we experience a manipulation down to the daily demand.
DENT : Key Support in Play - Uptrend on the Horizon? 🤔
#DENT is at a critical juncture! The price dipped recently but found support within the key demand zone of $0.000880-$0.000950, holding firm against resistance levels. This support area is crucial - maintaining it bodes well for a continuation of the uptrend.
Bullish Scenario:
$DENT stays above current support: This is a positive sign, with the first major target being the dynamic resistance level. The price action there will be very important to watch.
In a move that is set to revolutionize the world of cryptocurrency trading, #PancakeSwap , the popular decentralized exchange, has announced the launch of its new AI-powered prediction market focused on the price of #Ethereum (ETH). 🌍💪
The innovative platform utilizes cutting-edge artificial intelligence technology to analyze real-time data and market trends, providing users with highly accurate predictions on the future price of #ETH . 📊🔮 Whether you're a seasoned trader or just starting out, PancakeSwap's prediction market is designed to help you make informed decisions and maximize your profits in the volatile world of crypto trading. 💸💡
This groundbreaking development comes at a time when the #crypto market is experiencing unprecedented growth and interest, with Ethereum leading the charge as one of the most popular and valuable cryptocurrencies in existence. 💎💰
PancakeSwap's AI-powered prediction market is poised to become an essential tool for traders looking to stay ahead of the curve and capitalize on the ever-changing crypto landscape. 🌙🚀 Don't miss out on this opportunity to leverage the power of AI in your trading strategy! 📈💡 $CAKE
A few days ago, BTC crashed below $60K causing panic among the holders People started assuming that the bull market is over and BTC is heading towards $50K and lower Let's look at the facts which suggests that $58.5K was the bottom 👇 1) Bitcoin RSI Bottom ⭐️After the recent BTC dump to $58.5K, the Bitcoin weekly RSI reached an 8-month low. ⭐️ Last time the Bitcoin weekly RSI was this low, BTC was trading at $28,000, and the big reversal started.
2) MVRV below 1 ⭐️ MVRV ratio, or Market value to Realized value ratio, went below 1, which has often signaled the bottom during a bull market. ⭐️ This shows that the capitulation is near and the bottom is in
3) June bottom history ⭐️ BTC has made a bottom in June for the last 4 years. ▪️ In 2020, BTC bottomed at $9k. ▪️ In 2021, BTC bottomed at $29,500. ▪️ In 2022, BTC made a local bottom at $19,000. ▪️ In 2023, BTC bottomed at ~ $24,900. ⭐️ The recent BTC drop below $59K suggests that history will repeat itself again.
4) OI down, funding reset ⭐️ Bitcoin OI is down 20% after the recent crash, and the funding has turned negative. ⭐️ This suggests that retail greed has been flushed out, which makes the market more healthy. Often times, these scenarios start the pump with short liquidations, which result in an even bigger pump.
But what about the dump?
⭐️ Mt. Gox dump will start soon and the US and German Government is dumping already ⭐️ To be clear, Mt. Gox distribution will begin in July but won't complete till Q4 ⭐️ Also, all the participants who will receive BTC won't dump it as we're in a bull market ⭐️ In the case of the US Government and the German Government dump, the selling magnitude is very low and not enough to nuke the market. ⭐️ BTC can easily absorb 4K–5K BTC selling pressure, so it won't be a big problem. ⭐️ IMO, BTC hitting $50K seems highly unlikely unless there's a war or any other black swan event.
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