Chart Overview Pairing: PEPE/USDT on Binance. Timeframe: Weekly (1W). Current Price: 0.00002075 USDT, up +0.14%. Volume: 3.95T (trillion, probably in terms of tokens traded). RSI: RSI bands set at (14, 70, 30). Technical Analysis
1. Overall Trend The chart shows a strong bullish trend since mid-2024 with a sharp rally followed by corrections. The recent correction seems to be stabilizing around the current area (0.00002075 USDT).
2. Support and Resistance Levels Key supports: 0.00001600 USDT: Former consolidation area before the rally. 0.00001200 USDT: Intermediate support area observed previously. Key Resistances: 0.00003000 USDT: Local top, representing a profit-taking zone. 0.00002200 USDT: Immediate zone to break for a bullish recovery.
3. RSI (Relative Strength Index) The RSI seems in a neutral zone (probably around 50), which indicates a balance between buyers and sellers. We will have to watch for an exit towards the overbought (>70) or oversold (<span zone.
4. Volume Volumes are high (3.95T), suggesting significant interest in the pair. However, a more detailed analysis would be necessary to see if this is accumulation or distribution.
5. Outlook If the pair manages to break above 0.00002200 USDT with sustained volume, a new bullish movement could take shape.
Conversely, a break below 0.00001600 USDT could signal a further bearish correction.
🚨CAF: Crypto Ai Finance🚨 📊 ETH/USDT Analysis (Weekly):
✅ Key Support:
Purple zone 2,750 - 3,000 USDT, which has served as a base for many rebounds in the past 🔄. ✅ Major Resistances:
3,924 USDT (current resistance) 🚧. Potential target: 4,616 USDT (top of the structure) 🎯. 📈 General trend:
The pair is in a long-term uptrend, respecting an ascending support line (blue line) 📈. A clear break above 3,924 USDT could validate a bullish continuation to the 4,616 USDT area 🚀. 🔍 Possible scenarios:
Bullish: Break above 3.924 USDT, leading to a continuation towards 4.616 USDT 🌟. Bearish: Rejection at 3.924 USDT with a return to the critical support zone at 3.000 USDT ❗️. 🎯 Conclusion: ETH shows a nice setup for a bullish continuation, but the current resistance at 3.924 USDT remains to be watched closely!
🚨CAF: Crypto Ai Finance 🚨 📊 BTC/USD Analysis Update (4H):
✅ Key Support:
Purple zone (95.166 – 96.831) remains strong with several bounces 📉. ✅ Resistances:
99.593 (near current levels) 🚧. Next psychological zone at 106.572 if price breaks this resistance 🎯. 📈 Recent developments:
Price is consolidating in a slightly bullish structure (green circle), indicating a possible preparation for a breakout 🚀. 🔍 Things to watch:
A rejection at 99.593 could lead to a return to support at 96.831 or lower ❗️. If the bullish breakout is confirmed, the price could accelerate towards 106.572 📌. 🎯 Conclusion: BTC remains in a strategic position with a potential for explosive movement to watch. Be aware of breakouts of key levels! #CryptoAiFinance#BTC#Trading💹
🚨CAF: Crypto Ai Finance 🚨 📊 BTC/USD Analysis (4H):
✅ Key support: 95.153 – 96.831 📉 ✅ Strong resistance: 99.593 🚧 ✅ Current trend: Bullish 📈 with bounces on the green trendline.
🔍 Important areas:
If the price breaks 99.593, next target towards 106.572 or more 🎯. If break below 95.153, risk of falling towards 90.409 ❗️. 📊 Volume: Strong activity around 97.802 (point of control). 📌 Conclusion: Consolidation under resistance. Watch the reaction at 99.593 for a potential breakout 🚀 ! #CryptoAiFinance#Bitcoin#Trading💹
📉 Yield App, a platform that offered investments in decentralized finance (#DeFi ), suddenly announced the suspension of all its activities and entered into liquidation proceedings.
💎 According to Yield App, this situation mainly results from losses linked to hedge funds linked to the bankruptcy of FTX in 2022. On X, Yield App explains that this decision was taken “to guarantee fair and equitable treatment for all users and stakeholders of Yield App”.
💎 According to information provided by Yield App, these fund managers are already the subject of several legal proceedings. The platform assures that it will communicate more information as soon as possible and asks users to be patient.
🔶 According to information obtained by our colleagues at The Big #Whale , more than 300 million dollars are currently frozen on the Yield App platform and this situation affects more than 100,000 customers who are unable to withdraw their funds .
🔶 Faced with this alarming situation, several Yield App customers expressed their frustrations and concerns on social networks. They claim they cannot access their money, despite multiple withdrawal attempts.
🚨 A situation that raises several questions.
🥲 This massive blocking of funds raises many questions about the financial health of Yield App and the management of its customers' funds. The authorities have been informed and an investigation is underway to determine the causes of this bankruptcy and to protect the interests of users.
🏛️ VanEck files first-ever ETF application #Solana (SOL) in the United States.
🔶 Now that the #ETF #Bitcoin spot have proven their interest among investors since their launch last January, it is the Ethereum spot ETFs which have recently been accepted by the Securities and Exchange Commission (#SEC ) in the United States.
🔶 Since then, speculation and rumors have been rife about the next cryptocurrency that could benefit from such an investment vehicle on the largest US exchanges.
🔶 Completely unexpectedly, it was the American investment management company VanEck which shook up the market by announcing today that it had filed an application for the very first American ETF based on SOL, the cryptocurrency of the Solana blockchain.
🔶 It was Matthew Sigel, head of digital assets at VanEck, who explained the motivations of the American colossus for choosing Solana as the crypto dedicated to its (possible) next ETF 💎 So, Matthew Nigel extolled the merits of Solana through a lengthy thread, also explaining that Solana offers a “combination of high throughput, low fees, robust security and a strong community makes Solana an attractive option for a fund traded on an exchange, providing investors with exposure to a versatile and innovative open-source ecosystem. » 💎 The head of VanEck also raised the key question of whether SOL was a security or a commodity. A thorny regulatory question, sometimes very vague, but which directly defines whether this or that cryptocurrency can receive the stamp of Gary Gensler's SEC.
💎 On Saturday June 22, the BTCTurk exchange platform alerted its users that a hack was in progress. According to the first announcement published on the official website of the exchange, it seems that around ten hot wallets have been impacted. Thus, the hacker made numerous unauthorized withdrawals. The platform's cold wallets would not have been impacted.
💎 In its announcement, the exchange attempts to reassure users by announcing that its financial capacity is “much greater” than the amounts stolen during the attack.
💎 However, the platform has been paused while an internal investigation can be carried out and to verify that the flaw has been corrected.
🟢 Finally, the markets gradually reopened between Sunday June 23 and Monday June 24.
🟢 Unfortunately, the total amount of the damage has not yet been communicated by BTCTurk. However, it could amount to several tens of millions of dollars.
🚨🏛️ Impact of the attack and rescue of Binance.
🔶 A few hours after the attack, the price of the token #AVAX of the Avalanche blockchain recorded a fall of 10% and Richard Teng, the current #CEO of Binance revealed that he had managed to get his hands on part of the funds.
🔶 Thus, the Binance teams would have managed to seize $5.3 million from the attack. The funds had passed through the exchange and Binance was able to freeze them.
🎯 However, this is only a tiny part of the total amount stolen from BTCTurk. Indeed, AVAX assets alone represent $54 million. Thus, it is very likely that other millions of losses have been recorded on other chains.
🪙 What is Pepe cryptocurrency? Everything you need to know about this memecoin
💎 Created in April 2023 on Ethereum, the cryptocurrency #PEPE is deeply anchored in the trend of memecoins, digital assets inspired by internet meme culture. 💎 At the heart of this project is Pepe the Frog, a comic book character created by artist Matt Furie in 2005 in his “Boy's Club” series. 🟢 This frog quickly became a meme on platforms like Myspace and 4chan in 2008, available in multiple versions like “Sad Frog” or “Smug Frog”.
💎 #Ondo Finance is a blockchain protocol enabling the tokenization of Real-World Assets (#RWA ) such as US Treasury bills, guaranteed interest bond securities issued by the United States government . 💎 Thanks to blockchain, Ondo Finance ensures transparency and traceability previously unmatched in traditional finance (TradFi), a source of greater investor confidence. 🟢 With mechanisms that you will discover throughout this article, Ondo Finance intends to provide an infrastructure allowing the development of on-chain solutions for real-world assets.
🚨 The recent price drop of #Bitcoin is believed to be linked to Mt. Gox – What happened?
📊 In February 2014, following a hack resulting in the loss of more than 80,000 #BTC , equivalent to $50 million at the time, the Bitcoin exchange platform Mt. Gox was forced to declare bankruptcy, tying up 140,000 BTC belonging to these customers.
💰 In terms of #dollars , the loss today is almost $5 billion, while the 140,000 BTC receivables are worth $8.5 billion today.
🟢 In December 2023, Mt. Gox began reimbursing a portion of its customers in fiat currency. A few weeks later, the platform announced that it was preparing to reimburse its customers in Bitcoin (BTC) as well as Bitcoin Cash (#BCH ). It appears that this process began earlier this week.
🎯 More than 10 years later, the repayment of debts is excellent news for former customers of the platform, who will receive their BTC with a capital gain of 1,000%, given that its price is now 61,000 dollars compared to around 600 dollars at the time of bankruptcy. They will also receive their BCH, the blockchain token split in 2017, which is now worth just under $400 at the current price.
🕹️ However, for the rest of the market, the reimbursement of such sums represents a risk of massive profit-taking, which could create strong selling pressure on the price of Bitcoin. Thus, shortly after the announcement, the price of BTC fell sharply.
🚨 The recent fall of Bitcoin was a “sell the news”.
🔶 While it is impossible to determine with certainty whether the Mt. Gox news was actually the trigger for BTC's recent decline, we can at least say that it served as a pretext to initiate the fall.
🔶 Ryan Lee, a research analyst, told The Block that the announcement was a "classic 'sell the news' scenario."
🏛️ #Bitcoin 2024: several presidential candidates plan to speak.
📊 Former President Donald Trump, candidate in the next US elections, could speak at the major Bitcoin 2024 convention taking place in Nashville in the United States.
💰 Bitcoin 2024, an event organized by the media outlet Bitcoin Magazine, will take place July 25-27, a week after the Republican National Convention. It is considered the biggest Bitcoin event of the year.
🚨 Donald Trump will not be the only candidate to attend the convention. Robert F. Kennedy Jr. is expected to speak there, as is former GOP candidate Vivek Ramaswamy. U.S. Senators Bill Hagerty and Marsha Blackburn are also expected to speak during the convention.
📈 Other controversial figures are often among the speakers at the annual gathering of bitcoiners. In previous years, the event has welcomed guests from a variety of backgrounds, such as Canadian psychologist and author Jordan Peterson and investor Peter Thiel.
🎯 For the moment, the #président of the United States Joe Biden will not participate in the Bitcoin 2024 event, further proof of the difference of opinions which is felt between Donald Trump and Joe Biden on the questions of regulations of digital assets in the US.
💎 Donald Trump's enthusiasm for Bitcoin (#BTC ) and for #cryptomonnaies is in contrast to Joe Biden's reluctance towards this asset class. Thus, more and more crypto investors intend to support or already support the campaign of candidate Donald Trump.
🎮👾🕹️ The video game giant #Konami launches its solution #NFT “Resella” on #Avalanche – What is it?
🎯 Konami Digital Entertainment, famous Japanese video game developer and publisher, announces the development of “Resella”, an innovative non-fungible token (NFT) solution born from a collaboration with Ava Labs, the company behind the Avalanche network.
🏛️ For Konami, Resella will mark a major turning point in the field of #Web3 . Designed to meet the needs of developers, Resella will make it easy to design, issue and trade NFTs within traditional applications and decentralized applications (dApps).
📈 To satisfy as many users as possible, Resella will also offer its own NFT marketplace where the experience should be intuitive and adapted to all types of profiles. Resella will also be accessible to companies and organizations wishing to integrate blockchain and NFT functionalities into their traditional platforms.
💎 With its solution, Konami wants to remove the requirement to own a Web3 wallet or carry out complex crypto transactions, thereby lowering the barriers to entry. Resella also stands out by facilitating transactions in Japanese yen, a feature well suited to the Japanese market.
🏛️ Against the dollar, #Ethereum is relatively resilient. Indeed, #BTC fell around $64,000, and the price of Ethereum retains support around $3,500. The price being in a generally #haussière dynamic for several months, it could rebound on the double support with the presence of the moving averages 9 and 18 trending upwards: 🟢 In the event of a rebound, the price could reach the psychological round number at $4,000. And to continue the upward trend in place since the start of 2023, buyers will need to push and the price to close beyond the last peak at $4,100. On the other hand, if BTC continues to fall, #ETH could lose support at $3,500. In this case, ETH could fall towards the next strong support at $3,100. 🟢 The RSI must develop above 66 to find ascending lows and highs. This would be a sign that buyers are once again controlling the momentum.
🏛️ The German government suddenly transfers 6,500 #Bitcoins : what happened?
🔶 Currently, Germany is among the largest Bitcoin holders in the world with a reserve of around 50,000, which places it in 4th position behind the United States and China.
🔶 At the origin of this significant loot is the illegal streaming platform Movie2k. The site's operators are said to have invested heavily in Bitcoin starting in 2013, using revenue from advertisements and subscriptions.
🔶 But in 2020, the German authorities intervened by closing the website and arresting several suspects. In concert with the tax authorities and the prosecutor, it was in 2024 that the Saxony criminal police finalized this seizure, thus pocketing nearly 50,000 BTC.
🔶 It is quite common for governments to seize #cryptomonnaies as part of investigations into criminal networks. The government in question can subsequently use this seizure to transform these digital assets into commodity currencies, to replenish public accounts for example.
🔶 This entire transfer was made to a new public address, still unknown to the public (step 1). An additional 2,359 BTC went to addresses affiliated with the German government (step 2).
🔶 Subsequently, these 2,500 Bitcoins were redistributed to several exchanges including Kraken, Bitstamp and Coinbase, but also to an unknown address (step 3).
🔶 In sum, the main #wallet still holds 47,179 Bitcoins, worth over $3 billion at the time of writing. Ultimately, only 1,700 BTC was sent to cryptocurrency exchanges, an amount that does not appear to have been converted into traditional currencies at this time.
🎁🚨 The airdrop of #LayerZero has started, but it has a surprise in store.
🤑 This June 20 from 1 p.m. Paris time, the distribution of the LayerZero token #ZRO began. For eligible people, it is now possible to claim your allowance from the dedicated page mentioned yesterday.
🟢 Note, however, that what had not been specified until now is the obligation to make a donation to the LayerZero Foundation, at the rate of $0.10 per token claimed. The protocol teams justify this practice, which is surprising to say the least, by highlighting the funding of Ethereum developers (#ETH ).
🟢 However, the supposed financing of the developers was already announced in the ZRO #tokenomics . Indeed, it is mentioned that 15.3% of the total supply of the token “is reserved for future direct distributions, users, protocols, infrastructure builders and community members”. To this is added 14.5% managed by the foundation and intended for “ecosystem growth”.
📊 #Bitcoin Volatility Declines in Long Term, Is It Ready to Become a Currency?
🔶 One of the main arguments put forward by detractors of Bitcoin is its high volatility, claiming that it is not a currency. Indeed, Bitcoin is known for its significant price fluctuations, being able to lose or gain 5% of its value in a day and up to 80% in a few months.
🔶 Such uncertainty regarding variations in the value of #BTC in the short term would prevent its users from relying on this currency to make their daily purchases. However, unlike its capitalization, Bitcoin's volatility has decreased significantly over time.
🔶 According to a study by #Kaiko Research, although the price of Bitcoin increased from $17,000 at the start of 2023 to more than $73,000 in March 2024, an increase of 330%, its volatility 60-day average has never been lower over such a long period.
🔶 As an indication, the 2 main periods of high volatility of BTC were caused by the Covid-19 crisis in 2020 and by the fall of the Terra ecosystem, followed by the bankruptcy of #FTX in 2022. We could therefore think that volatility increases mainly when the price is in a sharp decline, while its volatility had also reached a peak of 106% during its 2021 high at $69,000.
🔶 Kaiko Research nevertheless points out that it is too early to consider this trend definitive. Indeed, it is impossible to determine whether Bitcoin will repeat its volatility spikes in the future. However, these figures show that BTC has gained maturity, which proves its investors right and still leaves it with the possibility of becoming an everyday currency.
🚨 Bitcoin whales have sold over $1 billion #BTC in the last two weeks.
🔶 According to the data, the sale coincides with net outflows of #ETF US-listed Bitcoin during the same period
🟢 Long-term Bitcoin holders and miners have been significant sellers of the cryptocurrency over the past two weeks, with little indication of renewed buyer interest.
🟢 This trend was observed through a decrease in UTXO age ranges, indicating increased sales activity.
🟢 Some opinion miners are turning to the booming AI sector due to the decrease in mining rewards after the halving, which may have increased selling activity.
🟢 Wallets tracked by CryptoQuant show that whales – a colloquial term for large token holders – have sold more than $1.2 billion worth of BTC in the past two weeks, likely using brokers rather than on the Free market.
🚨📞 Telecommunications giant Deutsche Telekom is launching into Bitcoin #minage .
🏛️ #Deutsche Telekom is the leading European telecommunications company, and it has already experimented with blockchain. This latest initiative is, however, significant: it launches into the mining of #cryptomonnaies , probably Bitcoin. The news was announced by the company's Web3 manager, Dirk Röder, as part of the #BTC Prague conference, which took place last Friday.
💹 Dirk Röder recalled that Deutsche Telekom has already been operating nodes since 2023 for the Bitcoin network as well as the Lightning Network.
🔶 Questioned by a presenter, Deutsche Telekom manager #Web3 confirmed that it was indeed Bitcoin mining. We don't know more on the subject at the moment, but it is a significant step forward. The company is in fact the largest telecommunications company in Europe: it currently weighs 120 billion dollars.
📺The advantages of perpetual #contrats in cryptocurrency trading.
💸The absence of an expiration date. As perpetual contracts do not require holding the underlying crypto-asset in a portfolio and have no expiration date, they are more flexible than spot purchases on a centralized platform and offer greater liquidity. In addition, trading crypto perpetual contracts on decentralized exchanges (#DEX ) allows you to trade without carrying out identity verification (#KYC ) upstream.
📈Leverage effects. If used well, leverage allows you to multiply potential gains without investing more equity. Note, however, that mastering the risks of leverage requires increased experience and that this double-edged sword is not recommended for beginner traders. Leverage certainly multiplies the potential for gains, but also the risks of capital losses which should not be underestimated.
📤Stop-limit orders. Stop-limit orders in perpetual trading #crypto make it possible to mitigate risks by determining a support level from which the platform automatically closes the trader's position before liquidation.
🔶 A perpetual contract in cryptocurrency trading is a financial product that tracks the price of the underlying cryptocurrency. Perpetual contracts are used to speculate on the evolution of the price of a crypto-asset upwards or downwards without buying it spot.
🔶 A perpetual contract #BTC allows for example to trade Bitcoin in a decentralized way without holding it in a wallet. For example, the dYdX platform allows you to trade Bitcoin perpetual contracts and other cryptocurrencies.
🏛️ How does a crypto perpetual contract work?
🟢 Long and short positions. Cryptocurrency perpetual contract trading allows you to bet on the price going up via a long position and on the downside via a short selling position. Perpetual contracts are therefore used to try to anticipate market movements and thus take advantage of the volatility of a crypto. Applying leverage to a perpetual contract allows you to multiply potential gains, however this trading tool requires extra caution, as potential losses are also multiplied.
🟢 Financing rates Funding rates allow a trading platform to reproduce the price of an asset on the market by balancing users' long and short positions. Indeed, an imbalance would lead to a decorrelation of the price of the perpetual contract compared to the price of the underlying asset on the market.
🟢 The maintenance margin. A crypto perpetual contract that has no expiration date. When their maintenance margin reaches the minimum threshold, the trader receives a margin call to add funds, otherwise their position will be liquidated by #protocole to reimburse their losses.