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1. Bitcoin Will Drop by $20,000
2. Ethereum will drop to 1.5K Levels again
3. When Bitcoin falls, why do all other tokens fall?
Are you still stupid enough to know this? The bitcoin tale is robbing you.
The winners are clear, please, I am calling out to crypto investors! Don't trust fools who think they are analysts, they are just trying to gain followers and get advertising!
Actually they don't even have money!
I love our people
I'm glad I could make my voice heard.
Thank you !
#BTCâ $ETH #MarketDownturn #
2. Ethereum will drop to 1.5K Levels again
3. When Bitcoin falls, why do all other tokens fall?
Are you still stupid enough to know this? The bitcoin tale is robbing you.
The winners are clear, please, I am calling out to crypto investors! Don't trust fools who think they are analysts, they are just trying to gain followers and get advertising!
Actually they don't even have money!
I love our people
I'm glad I could make my voice heard.
Thank you !
#BTCâ $ETH #MarketDownturn #
Has the PEPE 40% Breakdown in 7 Days Hit a Reversal Spot?
Amid the market crash, the PEPE price fell by 40% in the last seven days. Further, the support trendline fails to hold the rising supply, giving a sell signal. As the downfall hits $0.0000065 support, will buyers be able to halt it?
Amid the broader market crash, meme coins experience a free fall with a constant surge in supply. Amid this crash, PEPE registers an intraday drop of 16.53% as it loses the $0.000010 psychological milestone.
With a breakdown under the 200D EMA, the PEPE market cap drops to $1.71B as it fractures multiple supports. Letâs take a closer look at the price analysis to find the next reversal spot.
Triangle Breakdown Puts PEPE Under Extreme Pressure
Taking a rejection from the $0.000013 resistance levels, the PEPE price fails to hold at any crucial levels in seven days. Breaking under all the crucial EMAs (50, 100, and 200), the meme coin tests the $0.0000065 support level.
Furthermore, the streak of bearish candles breaks a support trendline in motion, and the previous low was at $0.00000835. With a new lower-low, PEPE teases a new bearish trend formation.
Currently, the PEPE meme coin trades at $0.000006726 with a lower price rejection in the daily candle. Hence, a possible retest of the broken trendline could be seen in the near future.
The daily RSI line shows a declining trend entering the oversold zone, reflecting the underlying surge in supply. Further, the downtick in the 50D EMA warns of a bearish crossover with the 100D EMA.
#PEPEâ #Binance #pepecoinđž #CryptocurrencyAlert
Amid the market crash, the PEPE price fell by 40% in the last seven days. Further, the support trendline fails to hold the rising supply, giving a sell signal. As the downfall hits $0.0000065 support, will buyers be able to halt it?
Amid the broader market crash, meme coins experience a free fall with a constant surge in supply. Amid this crash, PEPE registers an intraday drop of 16.53% as it loses the $0.000010 psychological milestone.
With a breakdown under the 200D EMA, the PEPE market cap drops to $1.71B as it fractures multiple supports. Letâs take a closer look at the price analysis to find the next reversal spot.
Triangle Breakdown Puts PEPE Under Extreme Pressure
Taking a rejection from the $0.000013 resistance levels, the PEPE price fails to hold at any crucial levels in seven days. Breaking under all the crucial EMAs (50, 100, and 200), the meme coin tests the $0.0000065 support level.
Furthermore, the streak of bearish candles breaks a support trendline in motion, and the previous low was at $0.00000835. With a new lower-low, PEPE teases a new bearish trend formation.
Currently, the PEPE meme coin trades at $0.000006726 with a lower price rejection in the daily candle. Hence, a possible retest of the broken trendline could be seen in the near future.
The daily RSI line shows a declining trend entering the oversold zone, reflecting the underlying surge in supply. Further, the downtick in the 50D EMA warns of a bearish crossover with the 100D EMA.
#PEPEâ #Binance #pepecoinđž #CryptocurrencyAlert
Shiba Inu (SHIB) to Add Another Zero to Its Price
Shiba Inu is now trading at about $0.000013, a dramatic decrease in price from roughly $0.0002. Investors are concerned about this sudden drop, which suggests that problems may lie ahead as the cryptocurrency fights to hold onto its value. Shiba Inu is not exempt from the recent decline on the cryptocurrency market.
Due to a combination of bearish sentiment and marketwide liquidations, SHIB, like many other digital assets, has been trapped in a downward spiral. Concerns have been raised regarding SHIB's capacity to recover after its significant sell-off, driving it to its current lows.
A drop below this barrier may result in additional losses and possibly add another zero to its value, which would be a sign of bearishness for investors. Grim images are also painted by on-chain metrics. Prior to the price drop, more than 1.2 trillion SHIB were exchanged, a sign of low transaction volume and the ongoing exodus of whales.
Still, a small number of wallets hold 73% of the SHIB supply, indicating a high concentration of large holders. Despite the fact that 47% of holders are still profitable, there is still a bearish outlook on the market, as seen by the large outflows and weak purchasing pressure. There is still hope in spite of these obstacles.
If market conditions settle, the community and speculative nature of meme coins may propel a comeback. But doing so would necessitate a major change in attitude as well as fresh funding.
#USDT #shiba⥠#SHIBđ„đ„
Shiba Inu is now trading at about $0.000013, a dramatic decrease in price from roughly $0.0002. Investors are concerned about this sudden drop, which suggests that problems may lie ahead as the cryptocurrency fights to hold onto its value. Shiba Inu is not exempt from the recent decline on the cryptocurrency market.
Due to a combination of bearish sentiment and marketwide liquidations, SHIB, like many other digital assets, has been trapped in a downward spiral. Concerns have been raised regarding SHIB's capacity to recover after its significant sell-off, driving it to its current lows.
A drop below this barrier may result in additional losses and possibly add another zero to its value, which would be a sign of bearishness for investors. Grim images are also painted by on-chain metrics. Prior to the price drop, more than 1.2 trillion SHIB were exchanged, a sign of low transaction volume and the ongoing exodus of whales.
Still, a small number of wallets hold 73% of the SHIB supply, indicating a high concentration of large holders. Despite the fact that 47% of holders are still profitable, there is still a bearish outlook on the market, as seen by the large outflows and weak purchasing pressure. There is still hope in spite of these obstacles.
If market conditions settle, the community and speculative nature of meme coins may propel a comeback. But doing so would necessitate a major change in attitude as well as fresh funding.
#USDT #shiba⥠#SHIBđ„đ„
Bitcoin Tumbles to $53K, Ether Turns Negative for 2024 as Panic Grips Markets
Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.
A broad weekend selloff in crypto accelerated during Sunday evening U.S. hours, sending bitcoin (BTC) plunging to levels not seen since February and ether (ETH) back to prices not seen since December.
Bitcoin is lower by 12% over the past 24 hours and 20% on a week-over-week basis. Now down 21% over the past 24 hours and 30% over the past week, ether (ETH) has given up the entirety of its year-to-date gain, and is off by roughly 3% since Jan. 1.
The trigger for what's now become a massive correction in crypto and traditional markets just might have been the Bank of Japan, which last week hiked its benchmark interest rate. That monetary tightening sent the yen shooting higher and the country's Nikkei stock index tumbling. Down another 6% early Monday, the Nikkei is now lower by roughly 15% over the past three sessions and 20% from a mid-July peak.
The action in Japan spread to the U.S., where the Nasdaq slid more than 5% in last week's final two sessions. Nasdaq futures are lower by 2.5% in Sunday evening action.
In addition to the Bank of Japan's somewhat unexpected hawkishness last week, the U.S. Federal Reserve also surprised a few â not by holding rates steady, but instead by appearing somewhat ambivalent about cutting rates in September, which nearly all market participants assumed was a sure thing.
#Binance #btc #DOGE #ETH
Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.
A broad weekend selloff in crypto accelerated during Sunday evening U.S. hours, sending bitcoin (BTC) plunging to levels not seen since February and ether (ETH) back to prices not seen since December.
Bitcoin is lower by 12% over the past 24 hours and 20% on a week-over-week basis. Now down 21% over the past 24 hours and 30% over the past week, ether (ETH) has given up the entirety of its year-to-date gain, and is off by roughly 3% since Jan. 1.
The trigger for what's now become a massive correction in crypto and traditional markets just might have been the Bank of Japan, which last week hiked its benchmark interest rate. That monetary tightening sent the yen shooting higher and the country's Nikkei stock index tumbling. Down another 6% early Monday, the Nikkei is now lower by roughly 15% over the past three sessions and 20% from a mid-July peak.
The action in Japan spread to the U.S., where the Nasdaq slid more than 5% in last week's final two sessions. Nasdaq futures are lower by 2.5% in Sunday evening action.
In addition to the Bank of Japan's somewhat unexpected hawkishness last week, the U.S. Federal Reserve also surprised a few â not by holding rates steady, but instead by appearing somewhat ambivalent about cutting rates in September, which nearly all market participants assumed was a sure thing.
#Binance #btc #DOGE #ETH
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WHY ARE ETHEREUM AND BITCOIN FALLING? WHY DID THE STOCK EXCHANGE FALL? âBlack Mondayâ in the markets
The tension that started in Asian markets continues to spread throughout the world in waves. After declines exceeding 5 percent in country stock markets and sharp crashes of up to 20 percent in cryptocurrency markets, investors began to seek answers to the question âWhy is Bitcoin falling?â So why did the stock market fall? What happened on August 5, 2024, known as âblack Mondayâ in money markets? Here are the detailsâŠ
JAPAN LIT THE FIRST FIRE
The Bank of Japan (BoJ) has begun to gradually reduce its long-standing monetary expansion policies.
To this end, the BOJ increased the policy rate above expectations last week, raising it to 0.25 percent.
Analysts stated that Japan's long-standing expansion policy made carry trade transactions attractive in the country, and that during this process, investors borrowed yen at low interest rates and invested in other currencies. However, analysts stated that carry trade transactions in the country have decreased with recent moves, and that the yen has strengthened against the dollar, and this development was also effective in the parity falling from 160 to 140.
The tension that started in Asian markets continues to spread throughout the world in waves. After declines exceeding 5 percent in country stock markets and sharp crashes of up to 20 percent in cryptocurrency markets, investors began to seek answers to the question âWhy is Bitcoin falling?â So why did the stock market fall? What happened on August 5, 2024, known as âblack Mondayâ in money markets? Here are the detailsâŠ
JAPAN LIT THE FIRST FIRE
The Bank of Japan (BoJ) has begun to gradually reduce its long-standing monetary expansion policies.
To this end, the BOJ increased the policy rate above expectations last week, raising it to 0.25 percent.
Analysts stated that Japan's long-standing expansion policy made carry trade transactions attractive in the country, and that during this process, investors borrowed yen at low interest rates and invested in other currencies. However, analysts stated that carry trade transactions in the country have decreased with recent moves, and that the yen has strengthened against the dollar, and this development was also effective in the parity falling from 160 to 140.
See original
Crypto thieves took advantage of the drop in Ethereum: How much did they buy?
Hackers purchased 16,892 ETH using funds stolen from the 2022 Nomad Bridge hack.
Cryptocurrency hackers saw the ongoing crash market as an opportunity to buy Ether ETH cheaply using funds stolen from their previous thefts.
On August 5, 16,892 ETH were purchased using stolen cryptocurrencies linked to a hack on the crypto bridge Nomad from August 2022. According to data, this move coincides with a period in which Ether lost more than 20 percent of its value (from approximately $2,760 to $2,172) in less than 12 hours.
Buying the dip with stolen funds
Blockchain analysis firm Lookonchain reported that the Nomad bridge exploiter used 39.75 million DAI to buy 16,892 ETH.
DAI
tickers down
âș33.38
He stated that he used tokens. Shortly after the purchase, the hacker began moving the stolen funds to the crypto mixer Tornado Cash.
Crypto hackers tend to use crypto mixing services like Tornado Cash to prevent on-chain traceability, and they often do so with no intention of returning stolen funds.
In addition to Lookonchain's findings, blockchain research firm PeckShield noted that the Nomad thief sent 17.75 ETH to an intermediary Ethereum address at the same time. At the time of writing, the hacker transferred approximately 2,400 ETH (worth $7 million) to Tornado Cash.
Hackers take advantage of market prices
Stolen funds linked to the Pancake Bunny hack three years ago are also on the move as ongoing market uncertainty continues.
Wanting to benefit from low crypto prices, the hacker exchanged the stolen DAI token for ETH. However, blockchain researcher Officer CIA said 3.6 million DAI was "accidentally" sent to a DAI stablecoin address.
#Binance
Hackers purchased 16,892 ETH using funds stolen from the 2022 Nomad Bridge hack.
Cryptocurrency hackers saw the ongoing crash market as an opportunity to buy Ether ETH cheaply using funds stolen from their previous thefts.
On August 5, 16,892 ETH were purchased using stolen cryptocurrencies linked to a hack on the crypto bridge Nomad from August 2022. According to data, this move coincides with a period in which Ether lost more than 20 percent of its value (from approximately $2,760 to $2,172) in less than 12 hours.
Buying the dip with stolen funds
Blockchain analysis firm Lookonchain reported that the Nomad bridge exploiter used 39.75 million DAI to buy 16,892 ETH.
DAI
tickers down
âș33.38
He stated that he used tokens. Shortly after the purchase, the hacker began moving the stolen funds to the crypto mixer Tornado Cash.
Crypto hackers tend to use crypto mixing services like Tornado Cash to prevent on-chain traceability, and they often do so with no intention of returning stolen funds.
In addition to Lookonchain's findings, blockchain research firm PeckShield noted that the Nomad thief sent 17.75 ETH to an intermediary Ethereum address at the same time. At the time of writing, the hacker transferred approximately 2,400 ETH (worth $7 million) to Tornado Cash.
Hackers take advantage of market prices
Stolen funds linked to the Pancake Bunny hack three years ago are also on the move as ongoing market uncertainty continues.
Wanting to benefit from low crypto prices, the hacker exchanged the stolen DAI token for ETH. However, blockchain researcher Officer CIA said 3.6 million DAI was "accidentally" sent to a DAI stablecoin address.
#Binance
Why Ethereum Price is Down Today? A 22% Drop Triggers Massive Market Liquidation
Ethereumâs ($ETH
price took a nosedive, hitting its worst day in over a year. As Bitcoin (BTC) neared falling below $50k for the first time since early February, Ethereumâs value dropped more than 22 percent in just 24 hours, trading around $2,294 during Mondayâs London session, according to the latest crypto reports.
This sharp decline led to the liquidation of over $344 million in the Ethereum leveraged market. Interestingly, Ethereumâs market cap has now fallen below the cash reserves of Warren Buffettâs company, which holds about $277 billion.
This dramatic collapse sent shockwaves through the crypto market, leaving investors reeling. What triggered this sudden and steep decline?
What Triggered the Ethereum Drop?
The dramatic drop in Ethereumâs price, which saw over $1 billion in liquidations, came after a significant downturn in global stock markets. Japanâs stock market had its worst performance since 1987, raising concerns about a potential global economic recession.
With US markets yet to open, fears of further crypto sell-offs have grown. Bitcoinâs fear and greed index has fallen below 26 percent, signaling extreme fear among investors. In response, Robinhood Markets has halted its 24-hour trading to prevent a liquidity crisis.
Impact of ETF Approvals
Since the approval of US-based spot Ether ETFs, issuers have faced a net cash outflow of about $510 million. Grayscaleâs ETHE, which holds over $5.97 billion worth of Ether, indicates that further market declines could be on the horizon.
Additionally, Jump Trading has been selling off its Ether holdings, having offloaded $500 million worth in the past two weeks.
Is the Macro Bull Cycle Over?
Ongoing uncertainties in the Middle East are also adding to the marketâs instability. Despite recent trends suggesting the macro crypto bull cycle may have peaked, some indicators point to a possible rebound soon.
price took a nosedive, hitting its worst day in over a year. As Bitcoin (BTC) neared falling below $50k for the first time since early February, Ethereumâs value dropped more than 22 percent in just 24 hours, trading around $2,294 during Mondayâs London session, according to the latest crypto reports.
This sharp decline led to the liquidation of over $344 million in the Ethereum leveraged market. Interestingly, Ethereumâs market cap has now fallen below the cash reserves of Warren Buffettâs company, which holds about $277 billion.
This dramatic collapse sent shockwaves through the crypto market, leaving investors reeling. What triggered this sudden and steep decline?
What Triggered the Ethereum Drop?
The dramatic drop in Ethereumâs price, which saw over $1 billion in liquidations, came after a significant downturn in global stock markets. Japanâs stock market had its worst performance since 1987, raising concerns about a potential global economic recession.
With US markets yet to open, fears of further crypto sell-offs have grown. Bitcoinâs fear and greed index has fallen below 26 percent, signaling extreme fear among investors. In response, Robinhood Markets has halted its 24-hour trading to prevent a liquidity crisis.
Impact of ETF Approvals
Since the approval of US-based spot Ether ETFs, issuers have faced a net cash outflow of about $510 million. Grayscaleâs ETHE, which holds over $5.97 billion worth of Ether, indicates that further market declines could be on the horizon.
Additionally, Jump Trading has been selling off its Ether holdings, having offloaded $500 million worth in the past two weeks.
Is the Macro Bull Cycle Over?
Ongoing uncertainties in the Middle East are also adding to the marketâs instability. Despite recent trends suggesting the macro crypto bull cycle may have peaked, some indicators point to a possible rebound soon.
Crypto sell-off deepens as weak economic data dampens risk-taking $BTC
$ETH $BANANA
Aug 5 (Reuters) - U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets.
The plunge marks a stunning reversal for the sector that until recently was riding a wave of optimism sparked by the approval of exchange-traded funds (ETFs) tied to the spot prices of bitcoin and ether , the two biggest cryptocurrencies.
Republican presidential candidate Donald Trump's pro-crypto speech at a bitcoin conference last month also bolstered sentiment, but data showing higher unemployment and weak manufacturing activity squeezed risky assets.
"We are not surprised by Bitcoin's snap reaction as the only weekend traded market. We don't see any incremental negatives for crypto here," Bernstein analyst Gautam Chhugani wrote in a note.
"The bitcoin and crypto market will likely trade off macro and election cues for most of (the third quarter)."
Crypto miners CleanSpark (CLSK.O), opens new tab, Bitfarms , Riot Platforms (RIOT.O), opens new tab and Marathon Digital (MARA.O), opens new tab slumped between 12% and 25% in early trade.
Coinbase (COIN.O), opens new tab shares lost 18%, while bitcoin buyer MicroStrategy (MSTR.O), opens new tab slipped nearly 23%.
Bitcoin tumbled to its lowest in nearly six months while ether plunged 19%, trading at levels not seen since January.
BITCOIN OVER ETFs
The increasing correlation with equities has undermined bitcoin's reputation as a safe-haven asset, but some analysts said investing directly was still better than getting exposure to the currency via proxies like ETFs and crypto-related stocks.
"If this weekend serves as a reminder of anything, it is the importance of investing in digital assets directly on native crypto exchanges," said Joshua Peck, founder of crypto hedge fund TrueCode Capital.
$ETH $BANANA
Aug 5 (Reuters) - U.S.-listed shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets.
The plunge marks a stunning reversal for the sector that until recently was riding a wave of optimism sparked by the approval of exchange-traded funds (ETFs) tied to the spot prices of bitcoin and ether , the two biggest cryptocurrencies.
Republican presidential candidate Donald Trump's pro-crypto speech at a bitcoin conference last month also bolstered sentiment, but data showing higher unemployment and weak manufacturing activity squeezed risky assets.
"We are not surprised by Bitcoin's snap reaction as the only weekend traded market. We don't see any incremental negatives for crypto here," Bernstein analyst Gautam Chhugani wrote in a note.
"The bitcoin and crypto market will likely trade off macro and election cues for most of (the third quarter)."
Crypto miners CleanSpark (CLSK.O), opens new tab, Bitfarms , Riot Platforms (RIOT.O), opens new tab and Marathon Digital (MARA.O), opens new tab slumped between 12% and 25% in early trade.
Coinbase (COIN.O), opens new tab shares lost 18%, while bitcoin buyer MicroStrategy (MSTR.O), opens new tab slipped nearly 23%.
Bitcoin tumbled to its lowest in nearly six months while ether plunged 19%, trading at levels not seen since January.
BITCOIN OVER ETFs
The increasing correlation with equities has undermined bitcoin's reputation as a safe-haven asset, but some analysts said investing directly was still better than getting exposure to the currency via proxies like ETFs and crypto-related stocks.
"If this weekend serves as a reminder of anything, it is the importance of investing in digital assets directly on native crypto exchanges," said Joshua Peck, founder of crypto hedge fund TrueCode Capital.
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