Bought #ZK as my Mid-Term bag on #Binance at $0.2 price. This was a clean launch and you know most new listings on binance did well shortly after listed.
Already did 20% but I won't sell until 50%+ or new ATH. Find a good entry and will keep u update about it. DYOR
Bitcoin (BTC) dropped to $66,250, marking the lowest price in the last 24 hours. Despite a $400 jump, it remains in a risky zone. What drove investors to sell over $3,000 in 24 hours? Why did BTC fall by 5%?Why is Bitcoin Falling?
For days, we mentioned that Wednesday’s Fed announcements could be a key point for a break. Investors were hopeful with inflation data an hour before the US markets opened, but it didn’t go as expected. Half an hour before Powell’s statements, the interest rate decision and members’ 3-year rate forecasts were released. The dot plot showed a median view of a 25bp cut for 2024.
At the beginning of the year, the median view was a 75bp cut, while the market expected a 150bp cut. Powell emphasized that these forecasts were not revised despite the positive June 12 (May data) inflation report.
The market is now trying to digest the possibility of only one cut this year. Although these forecasts are not mandatory, the drop from 75bp to 25bp indicates a problem, and the market received this message.
BTC at $66,270 is a significant support area tested multiple times. If it closes below this level, sales could deepen to $64,700 and $60,200 supports. This indicates that the altcoin sales since Friday are minor compared to what might happen.
Many of us trying to find news about behind this $LEVER dump... 🤯 Please let me know if u find that cause still not sure what happened 😁
But yeah added more for the BullRun, Tbh ı just sold one time and it was long ago so accumulating since then. Lets see how it goes. Feel free to share your idea about lever below 👀
In the past 24 hours, Solana (SOL) experienced a significant price decline, falling below the critical $160 mark. The cryptocurrency’s value dropped by over 3%, now trading at $153. Consequently, Solana’s market capitalization has decreased to approximately $70.85 billion, making it the fifth-largest cryptocurrency. Despite this decline, Solana’s 24-hour trading volume surged by 65%, reaching $2.41 billion, indicating heightened market activity.
Is There an Upswing on the Horizon? 💥
Throughout the past week, Solana has been under persistent downward pressure, marked by lower highs and lower lows. The altcoin has fluctuated between $175 and $150, struggling to establish a stable support level. This downtrend has caused a 7% value drop over the last seven days, raising concerns among investors.
In response, the Solana team has rolled out Mainnet Beta v1.18.15 to enhance network performance and urged validators to update their systems
What Do Technical Indicators Say?
The current market correction signals that Solana might break past the $160 resistance level, potentially reigniting upward momentum. If SOL sustains this rise, it could target $170, setting the stage for a possible approach to the $200 resistance level in the short term.
Contrary to everyone’s expectations, #Bitcoin closed May in the green. Also Bitcoin (BTC) Price Recovers From a Weekly Low, Ethereum (ETH) Eyes $3.8K (Weekend Watch)
The altcoins are quite sluggish today, with ETH gaining about 1% of value and closing down on the $3,800 mark.
BTC Recovers
The start of the business week went under the total domination of the bulls as they drove the primary cryptocurrency from under $69,000 to a weekly high of over $70,500. As hope started to emerge about a potential challenge to the all-time high of $73,800, though, the landscape changed and BTC slumped by more than three grand by Tuesday.
ETH Aims at $3.8K
Somewhat expectedly for the weekend, the price actions have diminished. #Ethereum is up by around 1% on a daily scale and now sits close to $3,800, but this movement is far from the volatile ride that the asset went through last week amid the ETF news. BNB, SOL, XRP, ADA, and DOT are with insignificant gains, while LINK and PEPE have increased by around 3-4% in a day. In contrast, #SHIB slumped by almost 3%, while UNI slumped by 6% and is close to breaking below $10.
The total crypto market cap has seen about $20 billion gone in a day and is down to $2.660 trillion.
#LEVER going to new ATH(0.0053) ? 10X OR NOTHİNG 🚀🚀
Team will make defi great. New updates every day, we're all sitting at 2x+ anyway.... But mark my words that will begin with the bullrun lever. Dont forget its our long-term investment...
Also as u know a month ago we bought #DAR as short term but didnt go well... but ı m also still hodl so it can be mid-term ...
The recent approval of Ethereum ETFs has been met with anticipation by the crypto community. However, contrary to expectations, the price of Ether has not seen a significant increase. Here’s why!
Technical and Psychological Factors
After a long wait, Ethereum ETFs were finally approved by the SEC, marking a victory for the crypto industry. However, the price of Ether remains stable, with an increase of barely 1% on its price. Several factors can explain this phenomenon. Firstly, it is important to understand that the crypto market is influenced by a multitude of technical and psychological factors. The approval of Ethereum ETFs was a widely anticipated event, and it is possible that the price had already factored in this news beforehand, following the logic of “buy the rumor, sell the news.”
Furthermore, the market’s reaction can be compared to that observed during the approval of Bitcoin ETFs. Although positive, it was more moderate than expected. Investors might thus adopt a more cautious approach, having learned from past events.
Crypto: Regulatory Uncertainties on Ether
Regulatory uncertainties also play an important role. The SEC has shown a cautious approach towards cryptos, and questions still remain regarding the classification of Ether as a security or a commodity, which could affect investment decisions.
Despite this, the approval of Ethereum ETFs is a step forward towards wider acceptance of crypto. It offers traditional investors a regulated and more accessible way to invest in Ether, which could eventually support a price increase.
Finally, while the approval of Ethereum ETFs is a positive development, the crypto market remains complex and unpredictable. Investors must stay informed and cautious, taking into account the multiple factors influencing prices.
SEC APPROVES Ethereum Spot ETF: Will It Happen TOMORROW? 👀🚀
May 23rd is the anticipated day for SEC to announce its decision concerning ETH spot ETF. In less than 24 hours, an approval, rejection, or postponement will be among the top headlines, but what do analysts foresee?
The debate over the classification of Ethereum (ETH) and the approval of Ethereum Spot ETFs by the U.S. Securities and Exchange Commission (SEC) has reached a critical juncture. Coinbase's Chief Legal Officer, Paul Grewal, has argued that the SEC lacks a valid basis for rejecting Ethereum Spot ETF applications. Amidst this regulatory uncertainty, ETH has experienced a significant price surge, driven by renewed optimism for ETF approvals.
What are SEC arguments regarding ETH-spot ETF? 🤫
The SEC's stance on Ethereum has been a subject of contention. Paul Grewal from Coinbase has criticized the SEC for its unclear classification of ETH, arguing that ETH is a commodity, not a security. Grewal cites statements from former SEC officials, including William Hinman and Gary Gensler, who have previously suggested that ETH is not a security. This perspective aligns with the Commodity Futures Trading Commission (CFTC) and federal courts, which have consistently categorized ETH as a commodity.
What are analysts' insights on the SEC decision on ETH-spot ETF? Recent market activities reflect a surge in optimism regarding ETH and its potential ETF approval. Over a span of two days, ETH prices soared by over 20%, reaching $3,710.31. This rally was fueled by reports that the SEC requested updates on key documents from potential ETF issuers, suggesting a possible shift in the SEC's approach. Bloomberg analysts have increased the likelihood of ETH-spot ETF approval to 75%, citing insider chatter about a potential reversal by the SEC. If approved, these ETFs could pave the way for broader acceptance of ETH and possibly other cryptocurrencies as commodities, significantly impacting the crypto market. (By Rudy Fares)
Bitcoin Reaches $67,000 and Signals Market Recovery
How Much is XRP?Dogecoin (DOGE) Comments and Future....
Guess what the BTC price will be next sunday ( will have a giveaway for winner))
With Bitcoin reaching the $67,000 level, signs of recovery have started to emerge in the cryptocurrency market. During this period, the total market value increased by approximately 2.50% within 24 hours and rose to $2.55 trillion on May 18. During the rise, some cryptocurrencies with a market value below $50 billion but approaching this level have continued to attract attention. So, which of these are standing out in the market?
How Much is XRP? XRP’s price performance has always been a question mark for investors from past to present. Generally, the price has remained below $1, and finding support above the $0.50 level has always been difficult for XRP.
Despite this, there is always optimism among investors about XRP’s future. In the future, if the ongoing legal disputes between Ripple, the issuer of XRP, and the Securities and Exchange Commission (SEC) are resolved, significant support could form for XRP.
Dogecoin (DOGE) Comments and Future
As the first half of 2024 comes to an end, there is a debate in the entire market about whether it is time for DOGE to move towards the historic peak of $1. The undisputed leader in terms of volume in the meme coin world, DOGE has a market value of approximately $22 billion and around 7 million on-chain investors.Recently, renowned cryptocurrency analyst World Of Charts stated that Dogecoin is moving towards a critical descending trend line, and a breakout from this trend line could trigger a potential move with a 100% increase, bringing a target of $0.29.
Dogecoin continues to benefit from the presence of one of its biggest supporters, Elon Musk. It is thought that future products similar to X Payments could contribute to Dogecoin’s utility, increasing its awareness and price. (By COINTURK NEWS)
5% drop in FLOKI’s price over the last 24 hours, market sentiment remained bullish as its Altrank surged to #1. Indicators are now suggesting a potential trend reversal
A few days ago, FLOKI surged above a bullish pattern, suggesting potential for continued price increases. Recent data shows the memecoin is progressing well toward its targets. Additionally, a significant proposal was approved recently, expected to contribute to further growth in its market performance.
FLOKI Breaks Bullish Pattern with Potential for Price Surge
Recently, World Of Chart, a popular crypto-analyst, highlighted FLOKI’s breakout above a bullish symmetrical triangle pattern. This pattern emerged in March, and FLOKI successfully surpassed it just a few days ago, potentially setting the stage for a significant price increase of up to +100%. Since the breakout, FLOKI has appreciated by over 15%, indicating positive momentum for the memecoin.
Additionally, FLOKI announced the passing of a major proposal. According to its official communication on X handle, FLOKI DAO voted overwhelmingly in favor of burning 15,246,000,000 FLOKI tokens, with 99.84% of the votes supporting the burn. This deflationary measure could positively impact FLOKI’s future price performance by reducing circulating supply, a factor known to potentially drive asset prices higher.
Mixed Signals for FLOKI Amidst Optimistic Developments
Despite optimistic developments, FLOKI faced a different reality on the ground, with its price declining nearly 5% in just 24 hours, according to CoinMarketCap. Currently trading at $0.0002121 with a market capitalization exceeding $2 billion, the memecoin’s trajectory may soon shift. (By cryptoheadles)
Bitcoin Price Analysis: Why BTC Rise to $67k Hints End of Correction Trend 🕵️
Bitcoin Price Analysis: BTC rebounded from $56,500, rising 18.7% to $66,530. Whale wallets holding 100+ BTC total of 11.79 million, with activity at a 2024 low. Increased whale activity could push BTC to $73,800.
This week has been notably bullish for the pioneer cryptocurrency Bitcoin showcasing a 10% growth as price jumped from $60474 to $66500. The rising BTC breach backed by a significant surge in volume gives a bullish breakout from a key resistance signaling the end of a 2-month correction trend. This upswing also triggered a renewed recovery sentiment in the altcoins market. 4
The last correction trend in Bitcoin price recently reverted from 50% Fibonacci retracement level at $56500. In theory, a pullback to this degree is considered beneficial for the asset to regain bullish momentum.
This renewed recovery pushed the BTC from $56000 to $66530 to record 18.7% and also developed a higher low indicating the traders are interested in buying dips. An analysis of the daily time frame chart shows the rally gave a decisive breakout in the channel pattern that carried this six-week correction.
In a recent tweet, crypto analytics firm Santiment highlighted a significant trend in Bitcoin whale activity. According to their data, wallets holding 100 or more Bitcoin (BTC) continue to maintain a substantial amount of the cryptocurrency, totaling 11.79 million BTC. (By coinpage)
Would you like Cz to write a book during the 4-month silent period (JAİL)?
A great journey from Mcdonalds to Binance founder. Damn can't wait for it....I asked him about this in X comments about few day ago but he didn't see my comment 😅
someone write same point and he replied so.... yesss it will be best seller book no doubt.
@CZ Is there any information about the content of the book for the Elliot family?
267% Spike in Shiba Inu Token Transaction Fees Stuns Shibarium
#Shibarium , the Layer-2 blockchain solution catering to the #Shibalnu community, has experienced a significant surge in transaction fees, marking a notable 267% increase over the past 24 hours. Data sourced from Shibariumscan indicates a substantial rise in gas commissions paid in BONE, the native token of the Shiba Inu ecosystem, from 11.57 BONE to 30.98 BONE.
This surge in fees can be attributed to heightened network activity, likely spurred by increased interest in Shiba Inu tokens amid recent market fluctuations. As investors seek to capitalize on opportunities within the ecosystem, transaction volumes on the Shibarium network have surged, resulting in elevated transaction fees.
What is Shiba Inu's #BONE ?👀 For those who don't know, BONE serves a crucial role within the Shiba Inu ecosystem. Apart from covering transaction fees on the Shibarium network, each transaction involving BONE contributes to the burning of SHIB tokens.
A portion of the BONE transaction fee is converted into SHIB tokens and sent to the dead wallet, thereby reducing the overall token supply and potentially increasing scarcity.
The implications of this spike in transaction fees prompt important considerations regarding the future trajectory of Shiba Inu's network and its associated tokens.
Questions arise regarding whether this surge in fees indicates sustained growth in activity within the Shiba Inu ecosystem and how Shibarium plans to address the growing demand while ensuring continued efficiency and scalability.
Furthermore, amid broader market uncertainties, particularly with prevailing bearish sentiments, the implications for SHIB and BONE are of particular interest to investors.
Daily Chart on #LEVER still on accumulating phase... have already good bag but wanna add more so still waiting a good dip. I think it was the easiest and most comfortable investment of the last 4 months. Already we all sitting on 2x thats why 0 stress with it.
Toncoin Spikes on Notcoin Rollout as Bitcoin, Ethereum Trade Flat
With a Notcoin token launch set and Binance and OKX rewards revealed, Toncoin (TON) is flying high.
Toncoin, the native cryptocurrency of The Open Network (TON), is one of the biggest gainers atop the crypto markets Thursday amid launch news about one of the network’s most anticipated tokens. And it comes as the two largest overall coins, Bitcoin and Ethereum, have barely moved over the last day.
Much of the gains came after The Open Network project Notcoin, a viral Telegram-based game, announced that its anticipated token NOT will be launched on May 16. The project attracted 35 million players ahead of April 1, when the “mining phase” ended, and the launch has been on the horizon for weeks amid a couple of previously missed listing targets. One of the biggest TON price increases so far on Thursday came shortly after crypto exchange Binance announced that it would offer billions of NOT tokens as rewards to its customers via pre-listing staking rewards.
Reimagine Bitcoin with BounceBit: A Secure, High-Yield Future for BTC 👀 First Binance Megadrop Project
Bitcoin certainly Needs a Boost! ⚡️ & BounceBit Delivers: The game of #Bitcoin Layer 2 solutions is getting a shakeup! BounceBit emerges as a revolutionary new chain, ditching L2 for a bold L1 approach whilst Unlocking the true potential of BTC. Here's how it breaks the mold & offers:
🥇Compliments the entire BTC ecosystem through its • introducing BTC restacking & Dual-token security: Validators lock up BOTH BounceBit tokens and their BTC. This strengthens the network AND makes holding BTC more valuable. • No limitations: Unlike Layer 2 solutions, BounceBit is independent, allowing for more innovation on top of Bitcoin. • Works with DeFi: BounceBit plays nicely with popular DeFi platforms (think: Ethereum!) through wrapped BTC like WBTC and BTCB while allowing possibilities for full EVM interoperability!
🥈Allows for Transparent CeFi for Yield-Bearing Bitcoin; This approach allows them operate as a CeDeFi product which helps boosts liquidity and trust in CeFi by bringing transparency to yield generation for Bitcoin. With their chain's already live with a testnet running and ton of dapps/pre built protocols already live and running on its bouncebit club.
To participate on bouncebit megadrop, Here's everything you need to do
• Subscribe to BNB Locked Products and/or complete all stated quest Under the [Quest] tab, you can see on BounceBit quest. You’ll also see the participation period, reward distribution to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Web3 Wallet. Create your first Web3 Wallet now if you have not yet done so. • After completing all the designated Web3 Quest(s), click on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier. • Receive Megadrop rewards based on your Total Score.
XRP Price Prediction: Ripple vs SEC Signals XRP Climb To $10? 👀🚀
XRP price prediction: Holders of XRP are optimistic as the Ripple vs. SEC lawsuit concludes the remedies phase. The technical structure foresees a breakout above $1 amid a $10 run forecast.
XRP price prediction: The Ripple vs SEC lawsuit completed the last stage of the remedies’ phase on May 6 as the Securities and Exchange Commission (SEC) filed its reply to Ripple’s arguments on May 22.
Meanwhile, prices in the crypto market remained shaky despite clawing back the losses from last week’s sell-off. The price of XRP rebounded from $0.4786—a recent bottom topping out at $0.57. However, the high volatility in the market curtailed further movement, favoring a correction to $0.5415—the current market value.
What’s Next In The Ripple Vs SEC Lawsuit
Following the submission of the last response from the SEC, the lawsuit entered its homestretch. While the documents filed by the agency remained sealed, the court is expected to release to the public redacted versions on May 8.
Based on the timelines provided, experts predict that the presiding Judge Torres could give the final ruling in the third quarter of the year around September.
While the finish line for the longstanding court battle seems nigh, it might not end there due to a potential appeal. At the same time, there is a probability for the two conflicting parties to agree on a settlement, thus bringing the matter to rest before the ruling.
Investors have shown their resilience to stick with XRP with some optimistically looking forward to a larger breakout in the token’s value later in the year.