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🟠 Bitcoin is in the national interest 💪 #BTC

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🐸 2 Reasons Why PEPE Long-Term Holders Might Trigger a 35% Price Drop Popular meme coin Pepe (#PEPE ) is under significant pressure, primarily driven by the profit-taking activity of its long-term holders (LTHs). It currently trades at $0.0000090, witnessing an 18% price decline over the past four days. Two notable on-chain metrics reveal that previously dormant PEPE tokens held by its LTHs have begun to change hands. If this cohort of PEPE holders continues to sell, the meme coin may witness another double-digit decline. 🔸 Pepe Long-Term Holders Book Profits The first metric indicating profit-taking among Pepe’s long-term holders (LTHs) is its Mean Coin Age. This metric calculates the average age of all coins held by addresses on the blockchain. A decline indicates that older coins are being sold or transferred, suggesting that long-term holders (LTHs) are beginning to liquidate their positions. This activity may be driven by profit-taking or a shift in market sentiment. Furthermore, PEPE’s falling Mean Dollar Invested Age (MDIA), which measures the average age of a token’s holdings based on their dollar value, highlights the selling activity among its LTHs. At 153 at press time, it has noted a 4% decline since October 1. A decreasing MDIA suggests that older, more established holders are selling their tokens. It signals a change in market sentiment, indicating that investors are becoming less confident in the token’s long-term prospects. The surge in profit-taking activity among an asset’s LTHs is a bearish signal, indicating a loss of confidence among a cohort of investors known for weathering numerous headwinds. This shift may prompt short-term holders (STHs), often called “paper hands,” to sell their coins. Since STHs hold a significant percentage of an asset’s circulating supply, their selling can further exacerbate downward pressure on the price.

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🚀 Solana Killer Aptos Outperforms Market: Reasons Aptos (APT), a core native cryptocurrency of the eponymous layer-1 blockchain, demonstrates impressive performance as the market declines. The upsurge of APT might be catalyzed by the decision of asset management giant Franklin Templeton to include the blockchain in one of its products. 🔸 Aptos (#APT ) up by 10%, becomes best performer in top 100 Aptos (APT), a high-performance modular layer-1 blockchain, sees its native cryptocurrency jumping by almost 10% while the rest of cryptocurrency market sees 3% capitalization decline. In the last 24 hours, its capitalization has extended back above $4 billion mark. The token replaced Internet Computer (ICP) as the 27th largest crypto by market cap. Such an upsurge was triggered by U.S. investing heavyweight Franklin Templton. The asset manager decided to include Aptos (APT) in its project, OnChain U.S. Government Money Market Fund (FOBXX). Aptos (APT) will accompany Arbitrum, Stellar, Polygon and Avalanche as the tech basis for the fund. With its $435 million market cap, the fund is the second largest product in the segment of tokenized funds available to retail investors. Flare (FLR) and Fasttoken (FTN) are two other assets in the top 100 that are in green today. 🔸 Almost $300 million in crypto positions, mostly longs, erased in 24 hours Besides Franklin Templton's step, APT investors' optimism is catalyzed by information about Aptos (APT) acquiring Hashpallette crypto wallet developer. Other cryptocurrencies are collapsing today amid Middle East tensions and macro uncertainty in the U.S. and China. Bitcoin (BTC), the largest cryptocurrency, lost 2.4% today, while Ethereum (ETH) is down by 5.7%. A total of $287 million in crypto liquidations were registered in the last 24 hours; $241 million of them represent long positions. #APT #Aptos

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🔥 Solana Hits Critical $137 Support: Can Bulls Prevent A Breakdown? Solana has hit the key $137 support level, and the bulls are now facing intense pressure to prevent a downward breakout. With the market momentum hanging in the balance, all eyes are on whether the bulls can defend this critical zone and spark a potential rebound. A strong defense at this level could signal renewed bullish strength, while a breakdown could pave the way for further declines. As traders anticipate Solana’s next move, this article aims to explore its crucial test at the $137 support level, focusing on whether the bulls can withstand increasing pressure. It will evaluate the potential for either a breakout or a rebound, offering insights into SOL’s short-term price direction by delving into key technical indicators and market sentiment. 🔸 Analyzing the RSI And Moving Averages: Bullish Or Bearish Outlook? Recently, after struggling to break above the $164 resistance level, Solana has adopted a negative trajectory on the 4-hour chart. The price is currently trading below the 100-day Simple Moving Average (SMA), suggesting a shift in market sentiment, as SOL now targets a potential bearish breakout at the $137 level. If the price continues to decline and breaches this support, it could trigger extended selling pressure and open the door to additional losses. Also, an analysis of the 4-hour Relative Strength Index (RSI) reveals that the RSI has fallen to around 33%, indicating that the buying pressure is diminishing, reflecting a shift in market dynamics. An RSI below 40% often signifies that an asset may be entering oversold territory, which can lead to potential further declines. On the daily chart, SOL is displaying notable negative movement, evident from a series of bearish candlesticks. This persistent downward trend underscores the prevailing selling pressure in the market, indicating that bears are firmly in control. #SOL #Solana

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📣 An Unknown Detail Emerges in the XRP-SEC Case: SEC Still Hasn’t Done What’s Expected, What Does It Intend? Fox Business crypto journalist Eleanor Terrett has revealed that the U.S. Securities and Exchange Commission (SEC) has yet to file Form C with the Second Circuit Court of Appeals, a crucial step in specifying which aspects of the Ripple case it plans to appeal. 🔸 This form is needed for Ripple to respond and time is of the essence. “The SEC has not yet filed Form C with the Second Circuit, which would detail exactly what they are objecting to. They need to do that soon so Ripple can respond,” Terrett reported. Ripple has 14 days from today to file a cross-appeal. The SEC’s notice of appeal lists August 7 as the date the case reaches a “final decision,” but the regulator has not yet indicated whether it will appeal the ruling on programmatic sales from July 2023, the amount Ripple was ordered to pay for institutional sales on August 7, or both. Ripple Chief Legal Officer Stuart Alderoty said the company is considering its own cross-appeal, potentially challenging Judge Torres’ ruling on the institutional sales or the $125 million penalty. If Ripple moves forward, both the SEC’s appeal and Ripple’s cross-appeal will be heard as a single case by the Second Circuit Court of Appeals. #XRP #SEC #Ripple

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🟠 The market cap of $MSTR is +3,040% since the adoption of a Bitcoin standard in 2020. 128% CAGR 🔥

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