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Bitcoin whales are looking for an opportunity: Will BTC continue to fall? Bitcoin (BTC) remained indecisive after the April 9 Wall Street open, with warnings that macro data could lead to further declines in BTC prices. Bitcoin (BTC) remained indecisive after the April 9 Wall Street open, with warnings that macro data could lead to further declines in BTC prices. Bitcoin whales are rubbing their hands as CPI approaches The cryptocurrency with the largest market value encountered sales once again after testing the $ 72,800 level during the week. Investors began to worry about Bitcoin, which broke its all-time record three times in total. Material Indicators, which examined the reasons for the pressure on BTC by analyzing the order books, made an interesting comment. Analysts claimed that whales were trying to reduce the price of Bitcoin to take long positions. In the post made on account X, it was referenced that the US CPI data, which will be announced at 15.30 today, creates pressure. “We have seen this behavior frequently around the economic calendar.” Material Indicators stated that the sales may continue if US inflation data is announced above expectations. Experts underlined that the BTC price has the potential to quickly rebound after the purchases made by whales by taking advantage of the liquidity gap during declines. $BTC

Bitcoin whales are looking for an opportunity: Will BTC continue to fall?

Bitcoin (BTC) remained indecisive after the April 9 Wall Street open, with warnings that macro data could lead to further declines in BTC prices.

Bitcoin (BTC) remained indecisive after the April 9 Wall Street open, with warnings that macro data could lead to further declines in BTC prices.

Bitcoin whales are rubbing their hands as CPI approaches

The cryptocurrency with the largest market value encountered sales once again after testing the $ 72,800 level during the week. Investors began to worry about Bitcoin, which broke its all-time record three times in total.

Material Indicators, which examined the reasons for the pressure on BTC by analyzing the order books, made an interesting comment. Analysts claimed that whales were trying to reduce the price of Bitcoin to take long positions. In the post made on account X, it was referenced that the US CPI data, which will be announced at 15.30 today, creates pressure.

“We have seen this behavior frequently around the economic calendar.”

Material Indicators stated that the sales may continue if US inflation data is announced above expectations. Experts underlined that the BTC price has the potential to quickly rebound after the purchases made by whales by taking advantage of the liquidity gap during declines.

$BTC

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Ethereum founder lashes out at celebrity-backed meme coins Vitalik Buterin, co-founder of Ethereum, harshly criticized the growing demand for meme coins backed by famous names. Buterin's criticism, saying that the meme coin market needs more important projects, came after the introduction of the Mother Iggy (MOTHER) token, supported by Australian rapper Iggy Azalea. While Buterin openly expressed his dissatisfaction with celebrity-backed #meme coins, he said that financialization can only be seen as a value if it serves a real purpose, otherwise these trends will remain shallow projects. However, citing the Stoner Cats project as an example, the #Ethereum  founder said that this project puts something concrete forward by financing a show, but others have empty content and purposes. On the other hand, #Buterin , who made recommendations for meme coins supported by celebrities, argued that they should act for the public good, whether they are arts or charitable projects. A second recommendation was that these meme coin projects should be managed as a DAO to give participants a say. Vitalik thinks that if these conditions are met, it could increase the credibility of celebrity-backed crypto projects. As a result, Vitalik Buterin emphasized the importance of projects creating value and having concrete usage areas beyond being speculative initiatives, while addressing a problem that should actually be valid for the entire crypto industry. $BTC $ETH
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Memecoins cannot get enough of the rise: Floki (FLOKI) broke a record! The price movements of Floki (FLOKI), one of the memecoins that have been wreaking havoc lately, continue to attract attention. Among the memecoins that have been wreaking havoc lately, the price movements of #Floki (FLOKI) continue to attract attention. Memecoins, which have been exploiting the cryptocurrency market for a while, attracted attention with the increase of various projects and the emergence of new categories. FLOKI's latest move came to the fore among memecoins, which are by far the best trend at the moment. The popular memecoin, which renewed ATH, made the investor base happy. In addition, #FLOKI managed to become the highest rising altcoin of the last 24 hours with 25.71 percent. FLOKI, which has been in the background compared to other memecoins for a while, has finally made the expected debut. Memecoin, which gives confidence with its technical structure, stepped on the gas after making the breakthrough. Receiving a reaction just below the falling wedge structure, memecoin demonstrated a performance of 47 percent in the last three days.  With the wind behind #Memecoin , the altcoin making #ATH continues its positive outlook. However, considering the volatility in memecoins, we need to be careful. $BTC $MEME $FLOKI
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BNB record brought the meme coin craze to BSC: Increased by 180 percent The fact that BNB, the Binance exchange's own token, broke a new record last night seems to have highlighted the meme coins on Binance Smart Chain. It is also noteworthy that 5 wallets turned to the meme coin called WHY on BSC. The coin has risen 181% since yesterday. It seems that the first half of 2024 will be remembered as the “meme coin period” for many years to come. Solana-based BONK, WIF and BOME and Ethereum-based #PEPE , FLOKI and MEME have made their mark this year so far. However, even though the first half of the year has been completed, the interest in meme coins does not seem to have decreased. Finally, Binance's own token, #BNB , making a new ATH may have made the BSC network the new address of traders. As it is known, payments for the network are made with BNB. Therefore, the meme coins here are also purchased with BNBs. Findings from on-chain tracking firm Lookonchain showed that 5 major #BSC wallets purchased the meme coin called WHY. 5 wallets received a total of 779 #BNB (approximately 534 thousand dollars) and 14.9 trillion WHY tokens. The total value of these meme tokens increased to 1.3 million dollars in a short time. The rise of the meme token called #WHY since the night hours has reached 181%. The rise of the coin, which was released in April, in the last month has exceeded 500%. $BTC $BNB
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The brand that Elon Musk once despised became an automobile giant CNN reminded me of Elon Musk's words about BYD, Tesla's strong rival. According to CNN, BYD, the #Chinese automobile manufacturer that Tesla's owner Elon Musk once made fun of, surpassed Tesla as the company selling the most electric vehicles in the world at the end of last year. The Warren Buffett-backed company and Tesla have been neck and neck ever since. Now BYD is challenging by introducing a new hybrid powertrain that it says can take it from New York to Miami without refueling, according to CNN's analysis. This figure means approximately 2,100 kilometers in one trip. According to The Wall Street Journal, leading global hybrid car manufacturers typically have ranges around 1,100 kilometers. According to CNN's analysis, #Tesla is the best-selling electric car in the United States, but is losing market share overseas to rivals that can produce vehicles at less cost. According to CNN, Tesla has not made any significant innovations in recent years and BYD is relatively cheap, allowing the Chinese brand to challenge Tesla. In his article, CNN questions how #BYD transformed from a small scrap producer into a global powerhouse. He recalls #ElonMusk saying in a 2011 interview with Bloomberg that he didn't take BYD seriously. CNN reported, "In that interview, Elon Musk responded to the question about BYD competing with Tesla with a smug laugh. "Have you seen their cars?" to the interviewer. he asked, and when the reporter pressed him, he said he thought BYD's product was "unattractive" and its technology "wasn't very strong."
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Yoyodex: 🚨US Stock Exchanges Closed. S&P500: +1.19% Nasdaq: +1.95% Dow Jones: +0.25% 💫VanEck predicts that the Ethereum price will reach $22,000 by 2030.
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