Shiba Inu Breaks Key Barrier, Sets Sights on $0.000036 by April's End

SHIB aims to break $0.000028 and target $0.000036 by April’s end.
The recent 24% surge contrasts with broader market stagnation post-Bitcoin halving.
Technical indicators and trader sentiment suggest a potential for SHIB’s upward momentum.
Shiba Inu (SHIB) is once again in motion, aiming to surpass the critical threshold of $0.000028 as it sets its sights on reaching $0.000036 before April’s end.

Following Bitcoin’s recent halving, the cryptocurrency market had been stagnant, but SHIB injected a spark of activity with a remarkable 24% surge on Sunday. However, this momentum quickly tapered off, leaving SHIB at $0.00002748 on Tuesday.

In recent weeks, SHIB‘s price performance has been turbulent, witnessing a significant drop from its 2024 peak of $0.00004563 to test support levels near $0.00002. However, this decline reflects broader market trends, as the crypto market grapples with downturns exacerbated by geopolitical tensions and the aftermath of Bitcoin’s halving.

Technical indicators suggest potential resistance around the $0.000028 mark, but traders remain hopeful for a breakthrough. The 20-day EMA provides support around $0.000026, reinforced by the 200-day EMA and the 50-day EMA to mitigate further losses.

Traders closely monitor SHIB’s movement against key resistance levels and technical signals. A break above the descending trendline could signify increased trader risk appetite, fueling upward momentum toward the $0.000036 target.

Additionally, confirmation of bullish sentiment may come from the MACD indicator, with a blue MACD line crossing above the red signal line in the four-hour range. In the short to medium term, important targets for SHIB include $0.00003 and $0.000032, with the overarching aim of sustaining momentum towards the higher resistance at $0.000036.
#BinanceLaunchpool #SHİB #ShibaInu: #bitcoinhalving #Megadrop

Golden Advice For Investors from Arthur Hayes: "Don't Sell Bitcoin and Altcoins, Buy them! The Next Few Months Are Very Important, Here's Why!"

New statements came from BitMEX former CEO Arthur Hayes, known for his statements about Bitcoin and the cryptocurrency market.

Arthur Hayes, who announced that he had a $1 million target for BTC after Ark Invest CEO Cathie Wood, said in his last article that the market weakness caused by the US tax payments on April 15 and the Bitcoin halving is about to pass.

Stating that the bull market will continue at this point and the price of all cryptocurrencies, including BTC, will increase much more, Hayes stated that bull markets are rare and that cryptocurrencies should not be sold right now:

“I think the main reason why cryptocurrencies are rising strongly against fiat currencies is global devaluation policy.

The macro order that created the increase in fiat liquidity that drove Bitcoin's rise will become more evident as the government debt bubble begins to burst. At this point, BTC's rise will accelerate.
At this time we must resist the urge to sell, continue to increase positions and stick to the HODL strategy.

After the US Tax payments and the Bitcoin halving, the market will enter a period where there will be more opportunities. The volatility of cryptocurrencies will decrease, which makes it a good time to gradually increase positions. The next few months will present a golden opportunity to increase positions.

“No matter which cryptocurrency you are interested in, the next few months will provide a golden opportunity to increase your positions.”

At the Token 2049 conference held in Dubai recently, Hayes stated that Bitcoin will continue its rise this year and next year, and argued that it will not stop at $ 100,000 in the upward cycle.

*This is not investment advice.*
#BinanceLaunchpool #bitcoinhalving #Megadrop #BullorBear #BTC

🔥 Hong Kong to List Bitcoin and Ether ETFs in April

Hong Kong is poised to introduce a series of cryptocurrency exchange-traded funds (ETFs), taking a cue from the United States’ efforts. Hong Kong wants its tier 1 level cities to progress in establishing itself as a digital asset hub.

Several leading asset managers in China are in the final stages of preparations to launch spot-Bitcoin and Ether ETFs and they are anticipated to start trading by the end of April.

These developments are Hong Kong’s ongoing efforts to position itself as a regulated centre for virtual assets, part of its broader strategy to create its image as a modern financial hub following recent challenges.

The forthcoming ETFs are expected to draw interest from various quarters including Chinese investors with wealth invested in Hong Kong as well as crypto exchanges and market participants active in the Asia-Pacific region. Analysts project that these funds could accumulate around $1 billion in assets under management over a two-year period.

However, it’s worth noting that the US has already witnessed success with Bitcoin funds offered by major players like BlackRock Inc. and Fidelity Investments which has garnered significant global attention and investment inflows.

In comparison, the Hong Kong-based issuers such as Harvest Global Investments Ltd, the local unit of China Asset Management and a partnership between HashKey Capital Ltd. and Bosera Asset Management (International) Co. may lack comparable brand recognition.

Despite this, Hong Kong’s regulatory landscape offers some distinctions. While the US Securities & Exchange Commission recently permitted ETFs directly investing in Bitcoin, it remains cautious toward the crypto market, especially in light of past market volatility and incidents of fraud. Conversely, Hong Kong has granted initial approval for spot-Bitcoin and Ether funds, according to the issuers.
#BinanceLaunchpool #bitcoinhalving #ETH #BTC #bitcoin

Crypto Prices Today April 22: Bitcoin Holds $65K, Ethereum Closer To $3200, XRP & Core Rally

The top crypto prices today continued gaining as the Bitcoin (BTC) price neared the $66,000 level. In addition, the Ethereum (ETH) price inched closer to the $3,200 mark. Moreover, other top altcoins, such as Cardano (ADA), XRP, and Solana (SOL) rebounded notably.

Major Crypto Prices Today:-
The Bitcoin price was up by 1.01% reaching $65,777.16 at the time of writing on Monday, April 22. On the other hand, its trading volume rose 4.92% to $23.31 billion in the last 24 hours. Whilst, the crypto held a market capitalization of $1.29 trillion.

Looking at altcoins, the Ethereum price gained 0.54% to $3,197.07 at press time with a market valuation of $383.77 billion. Whilst, ETH saw its trading volume gain 0.66%, reaching $10 billion. Meanwhile, the Binance Coin (BNB) price was up by 4.14%, reaching $598.19. In addition, its 24-hour trade spiked 40.69% to $995.37 million.

The Solana price extended above the $150 mark today. The Solana price surged by 0.97%, settling at $151.10. In contrast, SOL witnessed a 11.76% drop in trade volume to $2.36 billion in the last 24 hours. Whilst, the XRP price neared the $0.54 mark. The XRP price recorded a hike of 1.63%, reaching $0.5367. On the other hand, XRP’s trading volume slumped 10.64% to $1 billion.

Top Crypto Prices Today Are

Pepe Coin (PEPE):-
The Pepe Coin (PEPE) crypto, a popular Solana meme coin, surged significantly today. At press time, the Pepe Coin price was up by 8.50% to $0.000006509 with a market valuation of $2.73 billion. In contrast, the 24-hour trade volume for PEPE soared 39.10% to $877.22 million.

Core Rallies 13%:-
Core (CORE) surged nearly 13% and ranked the top crypto gainer today. The Core price was up by 12.71% to $2.44 at the time of reporting. Moreover, its trade volume skyrocketed 103.73% and stood at $242.91 million. Furthermore, the Core crypto attained a high of $2.58 amid the rally today.
#PepeToRunTheBull #BTC🔥🔥🔥🔥🔥🔥 #Core #ETH🔥🔥🔥 #bitcoinhalving

Ethereum Price Analysis: Whale Activity Spikes as ETH Finds Support At Key Fibonacci Level

For over a week, the second largest cryptocurrency Ethereum has been trading sideways trying to sustain above the combined support of $2875 and 38.2% Fibonacci retracement level. Despite stable support and the completion of the fourth Bitcoin halving, the ETH price witnessed a modest upswing to $3144 this weekend registering a 9.5% jump. Will this reversal gain sufficient momentum to surpass the $4000 high?

ETH Stands Strong Above Fibonacci Support:-
Amid the pre-halving consolidation in the crypto market, the Ethereum price prevented its correction below the $2875 level. This horizontal level aligned with the 38.2% Fibonacci retracement level created suitable support for buyers to regain trend control.

This healthy retracement amid the Bitcoin halving uplifted the ETH price to a high of $3198. An analysis of the 4-hour chart shows this upswing as the formation of a double bottom pattern— a technical setup often located at the downtrend bottom and potential for higher rally.

Moreover, On-chain data provided by Lookonchain reveals a noteworthy Ethereum whale transaction. Recently, 10,119 ETH were withdrawn from Binance, marking yet another substantial move by this investor, who has amassed 127,388 ETH since April 8, equivalent to roughly $405.19 million. The whale’s average purchase price of $3,172 per ETH suggests a long-term optimistic view of Ethereum’s market potential.
Thus, if the bullish momentum persists, the ETH price may breach the $3300 neckline resistance, bolstering buyers to prolong recovery. The post-breakout may drive the asset to $3730.followed by $4100.

Technical Indicator:-
Exponential Moving Average: A bearish crossover between 20-and-50 EMA indicates the near-term trend is bullish but the price still trading above 100-and-200 EMA projects the long-term trend remains bullish.
Relative Strength Index: The daily RSI slope at 44% reflects a neutral to bearish market trend.
#ETH🔥🔥🔥 #bitcoinhalving #Megadrop #Token2049 #Memecoins

Bitcoin Price Approaches Breakout, Can BTC Pump Above $66K?

Bitcoin price recovered and climbed above the $64,000 resistance zone. BTC is now facing hurdles near the $65,500 and $66,000 levels.

Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone.
The price is trading above $64,000 and the 100 hourly Simple moving average.
There is a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could start a fresh surge if it clears the $65,500 resistance zone.

Bitcoin Price Starts Increase:-
Bitcoin price found support above $60,000 and started a fresh increase. BTC climbed above the $62,500 and $63,500 resistance levels. The bulls even pushed the price above the $65,000 level.

However, the bears seem to be active near the $65,500 zone. The recent high was formed at $65,598 and the price is now consolidating gains. There was a drop below the $65,000 level, but the price is still above the 23.6% Fib retracement level of the upward move from the $59,666 swing low to the $65,598 low.

Bitcoin price is trading above $64,000 and the 100 hourly Simple moving average. Immediate resistance is near the $65,100 level. There is also a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair.
The first major resistance could be $65,500. The next resistance now sits at $66,000. If there is a clear move above the $66,000 resistance zone, the price could continue to move up. In the stated case, the price could rise toward $67,500.
The next major resistance is near the $68,500 zone. Any more gains might send Bitcoin toward the $70,000 resistance zone in the near term.

Downside Correction In BTC?
If Bitcoin fails to rise above the $65,500 resistance zone, it could start a downside correction. Immediate support on the downside is near the $64,500 level.

#BTC🔥🔥🔥🔥🔥🔥 #bitcoinhalving #Megadrop #Token2049 #BullorBear

Shiba Inu (SHIB) Explodes 18% Daily, Bitcoin (BTC) Taps $65K (Weekend Watch)

Bitcoin’s price recovery continues following the recent massacres, and the cryptocurrency has jumped to about $65,000 as of now.

The altcoins are even more in the green now, with ETH and BNB surging by approximately 4%, while SHIB has stolen the show.

Bitcoin Aims at $65K:-
It’s safe to say that the week leading to the fourth Bitcoin halving was quite painful. The asset fell from over $70,000 to $65,000 last Friday before it dumped to $61,000 a day later.

After regaining some traction by Monday, BTC went for another freefall in the middle of the week and one more on Friday amid the escalating tension between Iran and Israel. The last massive drop took BTC to below $60,000 just hours before the highly-anticipated halving was supposed to take place.

However, the cryptocurrency soared by over five grand in the next half a day and stood at around $65,000 when the halving was completed.

Since then, there has been little volatility and Bitcoin currently sits around $65,000 once again after failing at $66,000 earlier today. Its market capitalization remains below $1.3 trillion, while its dominance over the alts has taken a hit and is down to just under 51%.

SHIB Takes the Main Stage:-
The altcoins have performed a lot better than BTC in the past 24 hours, led by the second-largest meme coin – Shiba Inu. SHIB has skyrocketed by 18% and now trades above $0.000027.

Other lower-cap meme coins have also presented double-digit gains, such as BONK, FLOKI, and PEPE.
Solana, Avalanche, Bitcoin Cash, Dogecoin, Chainlink, Polygon, and Polkadot are also well in the green, with gains of around 6-8%.

The total crypto market cap has increased by over $50 billion in a day and sits above $2.5 trillion on CG.
#SHIB #bitcoinhalving #Solana⁩ #Megadrop #Memecoins

🔥 Satoshi Nakamoto Was Concerned Over Bitcoin as an Investment: Report

Amidst controversies regarding the identity of Bitcoin’s pseudonymous founder, Satoshi Nakamoto, 120-page email correspondence between Nakamoto and his earlier collaborator, Martti Malmi, shed light on the early days of Bitcoin creation.

Recently, Chinese crypto journalist Colin Wu, on his official page known on X as Wu Blockchain, shared insights on the emails shared by Malmi earlier this year, initially produced as evidence against Craig Wright’s claim to be the original Bitcoin founder.

As per Colin Wu’s X post, the conversation between Nakamoto and Malmi indicated Nakamoto’s concerns over identifying Bitcoin as an investment. In a previous X post, Wu highlighted Nakamoto’s earlier warning against Bitcoin’s significant energy consumption. In addition, Nakamoto’s concern over “labeling Bitcoin as an investment” also gained traction at the time. His recent post further stated,

"Bitcoin POW consumes less energy than the traditional banking system. POW is the only solution that can make a P2P electronic cash system work without a trusted third party."

Further, Wu pinpointed Nakamoto’s insistence on not promoting “anonymity.” Nakamoto’s email read,
"I think we should de-emphasize the anonymous angle. With the popularity of bitcoin addresses instead of sending by IP, we can’t give the impression it’s automatically anonymous. It’s possible to be pseudonymous, but you have to be careful."

On February 23, Martti Malmi took to X to draw the community’s attention to the 2009-2011 email correspondence between Malmi and Nakamoto. He added that he wasn’t initially “comfortable” with making the emails public, but Wright’s trial has forced him to produce it as evidence.
However, the emails do not stand as significant evidence to prove Satoshi Nakamoto’s real identity. But, the conversation could significantly provide insights into Bitcoin creator’s vision and concerns.
#bitcoinhalving #Megadrop #Token2049 #BullorBear #Memecoins

US Professor Predicts Bitcoin Halving's Impact on Price

The highly anticipated “halving” of Bitcoin (BTC) is expected to happen soon, and according to experts, its impact will be felt differently by miners and investors.

Omid Malekan, an assistant professor at Columbia Business School and author of “Re-Architecting Trust The Curse of History and the Crypto Cure for Money, Markets, and Platforms,” said the halving event is an important event for those who own Bitcoin as a store of value. He explains that it is not a cause for concern. However, the situation is different for miners.

“For people who own Bitcoin because they think it is a good store of value, this halving is not that big of a deal. But for miners, this is a huge deal,” Malekan said in his statement.

While the halving itself does not directly affect Bitcoin's price, anticipation of the event can lead to erratic price movements. Douglas Boneparth, president of Bone Fide Wealth, a certified financial planner and Bitcoin owner since 2014, explains:

“As the halving approaches, speculation typically increases, potentially leading to high volatility in the Bitcoin market. Investors may purchase Bitcoin in anticipation of potential price increases, but there is no certainty or guarantee of this, and frankly this only increases volatility.”

“You would think that having a limited supply would always mean the price would go up, but that's not true,” Boneparth said.

“If that is your thesis, then you are not taking into account the countless factors that could cause the price of Bitcoin to move any way on any given day.”
#bitcoinhalving #Megadrop #Token2049 #BullorBear #Memecoins

Solana Tests Resilience: Potential for a Bullish Rebound to $175

Solana’s price has experienced a significant correction, dropping from $210 to $116 in recent weeks.
Key support and resistance levels, including Fibonacci levels and EMAs, are pivotal in determining Solana’s future trajectory.
Mixed signals from indicators, such as the MACD and RSI, suggest uncertainty regarding Solana’s short to medium-term trend.
In recent weeks, the price of Solana has undergone a substantial correction, plummeting from its peak of approximately $210 to around $116. This downturn, though significant, has spurred speculation about a potential upswing in the near future.

Following previous warnings of an impending correction when Solana’s price hovered around $190, the cryptocurrency has indeed experienced a decline of nearly 39%. This decline has brought Solana to its correction target of approximately $130.

The correction in Solana’s price has been notable, with a decrease of over 43% within the past month alone. This downward trend is reflected in various indicators, including the MACD, which is showing a bearish trend. Despite this, there are still bullish indicators present, such as the bullish crossover in the MACD lines on the monthly chart.

Key levels of support and resistance are crucial in determining Solana‘s future trajectory. Significant Fibonacci support lies within the $125 to $130 range, indicating potential bullish sentiment if maintained. However, there are additional support levels to consider, such as the 50-week EMA around $85.
Looking ahead, Solana faces key Fibonacci resistance levels, particularly around $156.6 and $175. Breaking through these levels could signal an end to the corrective movement, although horizontal resistance between $162.5 and $170 poses a challenge.

In the short to medium term, indicators offer mixed signals, with bullish momentum indicated by the MACD histogram and EMAs, but neutrality from the RSI.
#Solana⁩ #Solana’ #bitcoinhalving #Megadrop #Token2049

XRP's Battle for $0.5, Shiba Inu (SHIB) Joins Market Comeback, Dogecoin (DOGE) in Better Position

XRP is battling for the $0.5 threshold, a battleground that could set the stage for its future trajectory. Apart from being a strong technical threshold, it also has psychological importance.

XRP’s quick rebound from the low of $0.41 shows that there are buyers waiting in the wings, ready to jump in. Yet, the commitment seems problematic, hinting that confidence might not be as strong as bulls would hope.

If XRP can secure its stance above $0.5 and gather strength, the next resistance it faces could be at around $0.58. Overcoming it will open up a way toward the next major levels that, if broken, might provide additional strength for the asset's rally.
If the market fails to rally and XRP loses $0.5, it may retest the recent low at $0.41. A slip below this support could leave it vulnerable to further losses. Hopefully, there is enough conviction among traders for a swift recovery in case the price falls toward that threshold once again.

Shiba Inu's fierce battle:-
Shiba Inu has been rallying back with a 9% price recovery in the last 24 hours. The meme coin is showing signs that it might be ending its recent period of consolidation. Yet, as trading volumes descend, it could be the calm before a significant breakthrough or breakdown.

A steadfast march upwards could see its face resistance at the $0.000027 mark. A convincing push beyond this level could open up the path to higher valuations, possibly attracting a wave of optimism and buying pressure. However, SHIB could still tumble, with the next substantial support lurking lower, around the $0.000016 price level, which coincides with the 200 EMA.

Dogecoin is better:-
Dogecoin seems to have buckled up quite tightly. While other digital assets have slipped below the 100 and even the 200-day EMAs, DOGE has managed to stay just below the 50 EMA. This relative strength puts Dogecoin in an advantageous spot compared to other assets, despite being in a downtrend.
#XRPCOIN #SHIB #bitcoinhalving #Megadrop #Token2049

Shiba Inu Can Rally to $0.006539 After Bitcoin Halving: Here's How

Shiba Inu has the potential to spike by as much as 30,385% to an ambitious $0.006539 price after the Bitcoin halving if it replicates a fraction of its previous upsurge.

With the Bitcoin halving just three days away, discussions surrounding its potential impact on Bitcoin’s price have gained steam. Notably, this event, which occurs every four years, helps reduce the daily inflation rate of new BTC tokens, further bolstering its price action.

The market observed this pattern after each of the three previous Bitcoin halving events in November 2012, July 2016 and May 2020. Remarkably, the price of Bitcoin saw rapid upswings following each of these events. As a result, industry commentators expect this trend to repeat in this cycle.

The Bitcoin Halving and Its Impact on Prices:-
Another interesting pattern is the effect these Bitcoin price rallies have had on the broader crypto market. Shiba Inu was one of the major beneficiaries of this trend, experiencing massive price surges that eventually transformed $12 to $1 million in 453 days.

This impressive returns potential has attracted numerous investors to the Shiba Inu market, with hope of seeing SHIB record a similar uptrend. With the crypto market now in a bull run phase and the imminent Bitcoin halving, investors see SHIB registering a price increase, but by how much?

Amid the uncertainties around the potential increase rate, we carried out an evaluation based on Shiba Inu’s uptrend from 2020 to 2021 shortly after the most recent Bitcoin halving.

Bitcoin Could Hit $513K and Shiba Inu $0.0065 Post-Halving:-
Notably, Bitcoin traded at an average price of $8,500 at the time of the previous bull run in May 2020. The premier cryptocurrency rallied to a high of $69,000 in November 2021 after the halving. This marked an impressive 711% increase recorded 20 months after the halving event.
#SHIB #etf #BinanceLaunchpool #bitcoinhalving #BullorBear

Fantom (FTM) Price Correction: Is now the Right Time to Buy for Future Gains?

Fantom (FTM) price is in a downtrend, restricted under the $1 mark since the beginning of the month.

However, the altcoin has a shot at recovery, provided the investors can back FTM with accumulation.

Fantom Is Ripe for Buying:-
Fantom’s price largely depends on either the broader market cues or the actions of the investors. The case for the past few days was the former, while the next two trading sessions are expected to be the latter.

This is because on-chain indicators are flashing bullish cues hinting at potential buying opportunities. The strongest signal comes from the Price-Daily Active Addresses (DAA) Divergence. This metric indicates a disparity between cryptocurrency price movements and the number of active addresses transacting daily on the network.

When prices rise while daily active addresses decline, it could suggest speculative trading or price manipulation. Conversely, if prices fall while daily active addresses increase, it may indicate growing network utility and long-term value despite short-term price fluctuations.
The Market Value further backs this to Realized Value (MVRV) ratio. The MVRV ratio tracks investor gains/losses.

Fantom’s 30-day MVRV of -27% suggests losses, possibly prompting a sale halt. Historically, MVRV between -12% to -27% often precedes rallies for FTM, terming it an accumulation opportunity zone.

FTM Price Prediction: A Slow but Sure Recovery:-
Fantom’s price, propelled by the investors’ accumulation, could escape the downtrend, breaching through the trend line to test the resistance box. This resistance range, marked from $0.80 to $0.88, has been tested for support and resistance in the past couple of weeks.

If FTM manages to breach this range and flip the upper limit into a support floor, it will gain the potential of eventually hitting $1 to reclaim a portion of the recent losses.
#fantom #FTM #etf #BinanceLaunchpool #bitcoinhalving

Why is Crypto Down Today? Bitcoin sheds 4.3% in 24 hour trading

Bitcoin (BTC) has declined by 4.3% over the past 24 hours, resulting in a widespread collapse across the broader crypto market, as investors exit the market at breakeven on the back of the recent recovery push.

The cryptocurrency market is witnessing a sharp decline following the latest rebound that saw multiple assets record double-digit gains. Bitcoin reclaimed the $66,000 price territory on April 15, with the global crypto market cap surging to $2.384 trillion.

However, following the $66,867 high yesterday, BTC witnessed a subsequent collapse, dropping to the higher spectrum of the $61,000 threshold before staging a recovery from this floor. Despite the push above this level, Bitcoin witnessed a 4% decline in the past 24 hours, trading at $63,250 at the time of writing.

Consequently, the crypto market has lost over $79 billion in valuation over the past day, with the global crypto market cap currently sitting at $2.243 trillion. One of the primary factors responsible for this sudden pullback is a surge in selloffs, as market participants rushed to exit the market at breakeven upon the rebound.

You might also like: Trust Wallet warns Apple iOS users of iMessage vulnerability

Notably, total volume across the market increased to $121 billion yesterday, representing a growth in trading activity. During a market downturn, a surge in trade volume suggests an increase in selloffs. Despite a slight drop, volume has remained above the $100 billion mark, currently amounting to $112.7 billion.

In addition, Coinglass data confirms that Bitcoin derivatives volume has increased by 10.31% in the last 24 hours to $98.1 billion as of press time, with the long/short ratio sitting at 0.9573. This figure indicates a confluence of increased derivatives trades and a predominant bearish sentiment.
#CryptocurrencyAlert #etf #BinanceLaunchpool #bitcoinhalving #BullorBear

Shiba Inu Burn Rate Skyrockets 489% Amid SHIB Critical Price Test

Shiba Inu (SHIB), the dog-themed cryptocurrency, has seen a substantial increase in its burn rate, increasing 489%.

According to the Shibburn X account, 19,345,086 SHIB tokens were burned in the last 24 hours, translating into a 489.87% surge in the SHIB burn rate.
The significant jump in the burn rate comes amid a period of price volatility for SHIB, with the cryptocurrency experiencing a dip in its price. While price dips are not uncommon on the cryptocurrency market, the simultaneous increase in the burn rate might suggest a concerted effort by the SHIB community to bolster the token's scarcity and potentially stabilize its price.

Typically, a reduced supply with steady or increasing demand would lead to a price increase. However, market dynamics can be influenced by a myriad of factors, including investor sentiment, market trends and broader economic conditions.

Shiba Inu price faces critical test:-
Shiba Inu (SHIB) is currently at a critical price juncture following its recent dip. According to IntoTheBlock data, in the range of $0.000020 to $0.000023, 46.11 trillion SHIB were bought by 44,710 addresses at an average price of 0.000022.

This is more than a price range; it might be a litmus test for the coin's resilience. Whether SHIB breaks through or holds steady, the outcome will be a telling hint of what to expect from the dog-themed token.

As SHIB approaches the lower end of this range, the cryptocurrency market waits with bated breath to see if it will hold at this price. In case of further declines, SHIB has relatively minimal support in the $0.000019 to $0.000020 area, where 3.77 trillion SHIB were bought by 5,420 addresses.

In the case of a comeback, SHIB will confront its next barrier between $0.000023 and $0.000025, where 41,690 addresses hold 37.84 trillion SHIB.
#SHIB #etf #BinanceLaunchpool #bitcoinhalving #BullorBear

🔥 Bitcoin Price Restarts Decline, Can BTC Bulls Protect $60K?

Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone.

Bitcoin failed to clear the $67,000 resistance zone.
The price is trading below $65,000 and the 100 hourly Simple moving average.
There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could extend its decline unless it clears the $65,000 resistance zone.

Bitcoin Price Recovery Stalls:-
Bitcoin price attempted a recovery wave above the $65,000 resistance zone. BTC even climbed above $66,200, but the bears were active near the $67,000 zone.

A high was formed at $66,898 and the price started another decline amid rising tensions between Israel and Iran. There was a move below the $65,000 and $64,000 levels. The price traded below the 50% Fib retracement level of the upward move from the $60,495 swing low to the $66,898 high.

There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $65,000 and the 100 hourly Simple moving average. The bulls are now protecting the 61.8% Fib retracement level of the upward move from the $60,495 swing low to the $66,898 high at $63,000.

More Losses In BTC?
If Bitcoin fails to rise above the $65,000 resistance zone, it could start another decline. Immediate support on the downside is near the $63,000 level.

The first major support is $62,000. If there is a close below $62,000, the price could start to drop toward the $61,000 level. Any more losses might send the price toward the $60,500 support zone in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $63,000, followed by $62,000.

Major Resistance Levels – $64,700, $65,000, and $67,000.
#etf #BinanceLaunchpool #bitcoinhalving #BullorBear #Memecoins

Bitcoin Could Start Its Rise to $75K Now! Current BTC Analysis

BTC continued its downtrend all the way to the green zone, making the move predicted in the “Will it start falling until halving?” analysis.
Yesterday’s analysis gave readers a gain of more than 15%.
The current BTC chart shows that the price has encountered buying from the green support range.
BTC’s downtrend continued into the green zone as the move predicted in the “Will it start falling until the halving?” analysis materialized, with yesterday’s analysis showing a gain of more than 15%; currently, the price is trying to rally with buying from the green support range of $66,666 – $65,800.

According to Bitcoin’s 4-hour technical chart, the move predicted in yesterday’s “Will itstart to halve?” analysis appears to have materialized, with Bitcoin continuing its downtrend into the green zone.

Yesterday’s BTC analysis returned more than 15% to trading readers. A look at the current BTC chart shows that the price is attempting to rebound from the analysis’s green support range of $66,666 – $65,800.

As stated in the April 12 analysis, BTC price may move sideways in the green zone and may target $75,000 as long as it stays above the green zone. However, if the price falls below the green support zone, the 4-hour candle closes below $65,000 can be used as a stop loss level.
#BTC、 #BTCHalvingApril2024 #BinanceLaunchpool #cpi #bitcoinhalving

Velo and Solana Sign Memorandum of Understanding for Laos Digital Gold

Velo and Solana have announced a partnership to create a clearing house for Laos digital gold transactions. In an April 8 announcement, Velo revealed a memorandum of understanding (MOU) to establish a clearing house for the project. By combining Solana’s advanced blockchain technology with Velo’s infrastructure, the partners will create a highly efficient and secure platform for processing digital gold transactions that will be settled on the blockchain.

This key feature will ensure the verification and coverage of multiple transactions, the trust of developers among counterparties, and will ensure the smooth execution of contractual obligations between buyers and sellers of the system, settled on the Solana blockchain. They will also deploy a robust bridge mechanism that aims to improve interoperability between L1 Solana, the Nova ecosystem, and EVM-based chains.

The partnership will strengthen the plan to develop a clear liquidity management system for the digital asset. As part of the agreement, both companies will create transparent and effective management protocols to meet asset liquidity needs and improve asset availability. Using Velo’s financial infrastructure and Solana’s blockchain capabilities, both teams will create a secure and efficient way to engage in digital gold transactions.
#Solana⁩ #SOLUpdate #VELO #BullorBear #BinanceLaunchpool

Base overtakes Arbitrum for most active addresses so far this month

Coinbase layer-2 network Base has seen a strong start to April with active addresses outpacing Arbitrum.
The Coinbase-supported Base network has now surpassed Arbitrum as the leading Ethereum layer-2 network by active addresses this month.

Base has seen over 1.48 million new active addresses over the first nine days of April — narrowly beating out Arbitrum One with 1.43 million active addresses, according to data from growthepie.

Ethereum scaling solutions zkSync Era and the Optimism mainnet rounded out the top four with 1.21 million and 650,000 active addresses, respectively.
However, Arbitrum One still maintains a slight lead over Base in active addresses over the last 30 days, at 3.84 million, compared to Base’s 3.76 million.

Meanwhile, Starknet and Mantle have seen the largest falls in active addresses at 51% and 40% over the last 30 days.

It comes as Base recently surpassed the $4 billion mark in total value locked on the protocol earlier in the month. It now only trails Arbitrum One and OP Mainnet, according to L2BEAT.

Base also boasts the largest 30-day transaction count at 53.1 million, more than 10 million clear of Arbitrum’s 41.2 million and Ethereum’s 37.9 million over the same timeframe, according to L2BEAT.

Base’s increase in active addresses has partly been fueled by a recent memecoin mania on the Coinbase-supported network.

Brett (BRETT) and Degen (DEGEN) are among the largest memecoins on Base, with respective market caps of $720 million and $523 million, according to CoinGecko, while Toshi (TOSHI) and Normie (NORMIE) are also highly traded memecoins on the network.
However, Base’s popularity has also attracted scammers, as the network saw an 18-fold increase in successful phishing scams from January to March — with $3.35 million stolen last month.

A recent analysis shows one in six memecoins are Base are scams and that 91% of Base memecoins possess security vulnerabilities that could expose users to big losses.
#ArbitrumARB #Memecoins #BullorBear

Only 1% of Consumers still think Bitcoin is a passing 'fad'

Bitcoin and crypto are no longer seen as a fleeting “fad” among consumers — the majority now consider them an integral part of the financial system, Reuters reported on April 8, citing a Deutsche Bank survey.
The survey gathered responses from 3,600 individuals and revealed a slow yet noticeable shift in consumer attitudes towards bitcoin and cryptocurrencies, balancing cautious skepticism with a cautiously optimistic outlook for their future in the financial market.

‘Important asset class’
According to the survey, 52% of respondents believe crypto will become an “important asset class and method of payment” in March, compared to less than 40% of respondents in September 2023.

Meanwhile, detractors have fallen to record lows, and only 1% of the respondents still hold the belief that Bitcoin “will eventually fade away” — versus 20% last year.

On the other hand, respondents who believe crypto will become the “dominant payment method” fell to 5% from 20% in the previous year.

Central bank digital currencies (CBDCs) were also part of the survey, with 15% of respondents saying they would become mainstream, while crypto would maintain a minor role in the financial system.

Price expectations
Despite growing positivity toward Bitcoin, a significant minority expect lower Bitcoin prices by the end of the year.

Roughly 30% of respondents believe Bitcoin’s price will fall below $20,000 by year-end — down from 35% in February and 36% in January.

Meanwhile, 25% believe the flagship crypto will be valued between $20,000 and $75,000 by the end of the year, and only 10% believe Bitcoin’s price will surpass $75,000.

Bitcoin recently achieved a three-week high on April 8 after weeks of trading in the red as traders took profits after it hit a new all-time high at $73,794 in March. The recovery aligns with growing enthusiasm for spot Bitcoin ETFs and the prospect of interest rate cuts.
#BTC、 #BTCHalvingApril2024 #BullorBear #BinanceLaunchpool #Nonfarm