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$BTC The bad news has just landed, and the key good news is coming again⚠️❗️❗️ The number of unemployment benefits in the United States is a small bad news. BTC touched 58500 and pulled back to 56700, and then broke the previous high again. BTC has now reached 58800. The three major indexes in the United States also opened higher and went higher. Russia also announced the legality of cryptocurrency mining. At present, everything is developing in a good direction. The recent market trend is too fast, and the market changes too fast. According to this momentum, BTC is ready to hit the $60,000 mark. There is no retracement at all. At present, it is similar to the trend of 70,000. When it falls, it keeps falling without any rebound. When it rises, it keeps rising. There is basically no callback. However, the current price has reached the key pressure range of 58600-58880. It is not recommended to chase more without a large breakthrough. There is no reasonable retracement, bottoming out and absorbing funds. It is destined that the room for rising will not be too large. At present, according to the one-hour BTC indicator, MACD has formed an air refueling trend, KDJ has also made a right-angle turn and formed a golden cross again. The low-level golden cross of the 12-hour MACD is also formed immediately, and the low-level golden cross of the daily KDJ has also been formed, but the volume and price of OBV can't keep up. At present, the trend of BTC is a little imperfect. 49,000 has been supported and has rebounded to nearly 10,000. There is basically no retracement in the middle, which is the same as the fall. However, the market has been sluggish in the first half of August, but now the market volatility is really large. The current price of BTC is very critical. If it breaks through here, it will go to 60500-61500. Otherwise, it will continue to pull back. ETH is currently weak, and the rebound that should come has not come. If it can stand at 2530 here, it can go to 2640. #BTC #BTCpredictions #BTCbullish #BTC☀
$NOT $NOT /USDT ANALYSIS NOT is currently rebounding from the horizontal demand zone within a descending triangle pattern. The Ichimoku cloud is serving as a resistance above the descending trendline. We should wait for a decisive breakout or breakdown to confirm NOT's next move. DYOR! $NOT #NOT🔥🔥🔥 #Notcoinnews
Recently btc dumped from 63800 to 60600 beacuse of Fed chairman Jerome Powell speech however the summary of the speech is that the labour is strong inflation is getting better and the overrall view of market is great 😃👍
but why did btc fall yesterday despite the positive outlook from Jerome Powell ( fed reserves chairman ) so the reason is most of mid sized and big investors take out there money when Jerome Powell speeches because his words can have a drastic change in the market
The reason is most of the people took out there money because of Jerome Powells speech which resulted in the dip of btc
The money is starting to flow in again and we will see bull run soon
Btc was making higher high to 63800 a correction was required to make another higher high the market cannot go up in a constant direction
While July is the month which has shown the most amount of btc etf inflows from fidelity BlackRock Vaneck etc if these organizations are putting money inside btc btc cannot dump because they control the whole United States economy they will never let btc down they are planning for the ATH
The crypto market has not been on a good course in the last 24 hours, with altcoins suffering heavily. The lack of hype and slow price action in Bitcoin could be some of the primary reasons.
Spot ETF approvals, halving and other possible catalysts are now behind us and it looks like traders are missing those in order to start investing more.
BTC price is also nothing short of boring right now, losing $66k yesterday as well, after plunging slowly from the $70k area.
Top coins have almost dropped by up to 10% during this period. The surge in Bitcoin’s and Ethereum’s prices following the approval of Spot ETFs has seemingly cooled down, contributing to the overall market decline.
ETFs Decrease Bitcoin Holdings
According to a recent update by Lookonchain, nine ETFs have collectively decreased their Bitcoin holdings by 3,169 BTC, equivalent to approximately $208 million.
Notably, Fidelity has reduced its Bitcoin holdings by 1,224 BTC ($80.34 million) and now holds 171,529 BTC, worth around $11.25 billion. Similarly, Grayscale has decreased its Bitcoin holdings by 936 BTC ($61.4 million) and currently holds 281,212 BTC, valued at approximately $18.45 billion.
Jun 17 Update:9 ETFs decreased 3,169 $BTC(-$208M).#Fidelity decreased 1,224 $BTC(-$80.34M) and currently holds 171,529 $BTC($11.25B).#Grayscale decreased 936 $BTC(-$61.4M) and currently holds 281,212 $BTC($18.45B).https://t.co/ksJTplu1kX pic.twitter.com/hus6XEk96m
— Lookonchain (@lookonchain) June 17, 2024
The substantial reduction in Bitcoin holdings by these major ETFs has likely contributed to the current market downturn, as institutional investors often play a major role in driving market sentiment and price action.
Altcoin Market Faces Brutal Decline
The recent bloodbath saw Solana dip below the $140 level. Ethereum fell below $3,450 while meme coins, including Shiba Inu dropped below the $0.00002 level.
The altcoin market has been hit particularly hard by the recent downturn, with mid-cap and low-cap coins plummeting back to their previous bear market lows.
Despite the brutal scene in the altcoin market, savvy analysts are spotting opportunities amidst the chaos. According to Anup Dhungana, the Others.D index, which tracks the performance of altcoins excluding the top 10, is on the verge of retesting a crucial support trendline that marked the bull cycle bottom for altcoins.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
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This support trendline has historically served as a key level for the altcoin market, and a successful retest could potentially signal a reversal in the current downtrend. Technically, analysts expect a bounce to occur sooner rather than later from this critical support level.
While the current market conditions may seem grim, experienced investors and analysts are viewing this downturn as an opportunity to accumulate promising altcoins at discounted prices.
Read more: Shiba Inu Meme Coin Poised for Potential 30% Rally, AI Predicts SHIB Price
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The post Why Is the Crypto Market Down Today? appeared first on CaptainAltcoin.
Top 5 Altcoins That Will Hold Until Bitcoin Soars to $150,000
1. Toncoin (TON) - Overview: Powered by Telegram, Toncoin offers a high-speed, low-cost, and scalable blockchain solution.
- Current value: $7.92, reflecting a recent 5% increase. Market capitalization: $19.27 billion. - Growth: Increased 425% last year and 19% last month.
2. Solana (SUN) - Overview: An open source blockchain project that supports DeFi and DApps with high performance. - Current value: $144, with an increase of 855% compared to last year. - Position: Leading Layer 1 platform, demonstrating strong growth in Total Value Locked (TVL).
3. Sui (SUI) - Overview: A Layer 1 blockchain that focuses on speed, security and ease of use in digital asset management. - Current value: $0.9705, with strong market interest despite recent declines. - Growth: Stands out for its prominence in the DeFi sector and the rapid increase in TVL.
4. Injective (INJ) - Overview: A blockchain platform for DeFi applications, including trading exchanges and prediction markets. - Current value: $27.50, despite a recent 5% drop. - Innovation: Introduced the CW-404 standard, improving its competitive advantage in DeFi.
5. TRON (TRX) - Overview: A platform that is making significant strides in the decentralized entertainment sector. - Current value: $0.1165, with an increase of 81% compared to last year. - Position: Strong growth in TVL, placing it among the top contenders in DeFi.
#MegadropLista Lista provides advanced protocols aimed at optimizing asset utility and profitability. Users can participate in staking and liquidation, as well as borrow the decentralized lisUSD stablecoin using various Business and Commercial Progress. Lista DAO has formed significant partnerships that have expanded its commercial reach. Pancake Swap provides on-chain liquidity for lisUSD and slisBNB.
Why Lista DAO? Lista DAO addresses the “Stablecoin Trilemma”, which forces stablecoin developers on decentralization, price stability, or capital efficiency. By integrating elements of the MakerDAO model, liquid locking, and the liquidity of a decentralized exchange (DEX), Lista DAO seeks to offer a balanced solution. This approach helps avoid issues such as custodial risk, price volatility, and inefficiencies seen in other stablecoin models.
Economic Incentives and Governance
LISTA provides economic incentives to encourage user contribution and participation. Users can earn LISTA tokens for their involvement with the protocol, such as depositing or staking with Lista DAO, making transactions, and participating in governance activities.
Price and Total Value Locked (TVL) of Lista DAO
As of the latest update, Lista DAO has a Total Value Locked (TVL) of $ 320 million according to DefiLlama. This figure represents the total amount of assets locked in the protocol, highlighting its growing popularity and user trust.
Regarding price predictions, the latest Binance Megadrop project, BounceBit, launched at a market cap of $ 225 million, Lista will launch with a lower market cap, around $ 150 million initially, potentially experiencing a sell-off in early trading, followed by a 20% rebound in $ 2-4 next week. If the token reaches a market cap of $ 150 million with a circulating supply of 230,000,000 tokens, the price per token will be approximately $ 0.652.
This is About $NOT ...... **Important Alert!** Before investing in $NOT coin, ensure you fully understand the current situation. Here are some crucial points: - **Current Price:** $0.0181 - **Long-Term Perspective:** This might not be the best time for a long-term buy. Rapid price increases are often followed by swift declines. - **Whale Activity:** Large investors might sell their holdings to take profits, causing a price drop and potential losses for new investors. - **Market Conditions:** It's wise to wait until the market stabilizes and the buying frenzy subsides. Investors may sell to take profits and buy back at a lower price. - **Short-Term Risks:** Investing now could lead to disappointment in the coming days. Even if the price briefly spikes to $0.0295, it might quickly fall again. Be patient! - **Disclaimer:** This is not financial advice. Only invest money you can afford to lose. Get ready for another #NOT pump! 🚀🔥 If you found this helpful, like, share, and follow us for more updates and information on ongoing airdrops with potential returns. Stay tuned!
🔥Major news 🔥The big one is really coming, absolutely coming! A big wave of hot market is coming soon! According to the latest news, today's market has shown signs of slow recovery. After yesterday's correction, there is huge potential for growth today! Moreover, #Notcoin👀🔥 was the biggest hit in the past few days, and its popularity is still at its peak. The leader of this game token, #NOT🔥🔥🔥 , is still full of vitality and radiant! There is reliable news that many institutions are preparing to enter the NOT field! In the long run, the upside of this coin is simply unlimited, and the entry of retail investors and institutions will definitely bring it a huge upside. However, in the near future, it will definitely experience a wash first, and then another big rise after the big drop, washing out all those who play contracts or have an unsteady position. But overall, there is still a great possibility of rising, I think you can hold on to this coin tightly! Be patient and wait for a wave of excellent opportunities! #NOTPREDICTION #Notcoinnews
💡BRINING NEWS BiGGEST UPDATES 💡 Notcoin coin dump is stop. Notcoin is starting bullish. Buying and 789 M transfered and supply Notcoin. Notcoin can reach 1300% 💥 PRICE OF Notcoin today updates THE live price of Notcoin is $ 0.005364 per (Notcoin /USD) with 24 hours TRADING VOLUME OF $ 177,897, 312 USD. Notcoin to USD updates pirce in the real time. Notcoin is down - 2.67% in the last 24 hours with circulating supply $ 550,995,260 USD. Notcoin is great coin. because Notcoin 50 coin down. #notcoin up. So there is a lot chance $NOT a big pump Can reach a wonderful percentage. #DYOUR #Dyor2024 https://s.binance.com/rSkZO7EV 🧧🧧🎁🎁BP8XHVTZHC🎁🎁🧧🧧
$NOT Currency Analysis—$NOT Currently, it has been pulled back to the 0.5 position of this wave rise, forming a support rebound. The red 0.015325 is the stop loss position. Please refer to the position of your platform for long orders. Wish us good luck.
Regarding the future market trend, many people are asking: Is the bull market over? Will Bitcoin continue to rise? History tells us that bull markets are often born in despair, grow in doubt, and end in general madness. At present, Bitcoin's bull market train seems to be accelerating, aiming directly at the $90,000 mark. Looking ahead, there are several key events that may have a significant impact on the market: 1. The Fed's interest rate cut decision may increase liquidity in the market and bring upward momentum to cryptocurrencies such as Bitcoin. 2. The buying and selling movements of large Bitcoin funds such as BlackRock will become an important signal for the market. If they start to sell Bitcoin on a large scale, it may indicate the end of the bull market. But it seems that this has not yet happened. The final high point of this round of bull market is still unknown. It may reach $200,000, $500,000, or encounter resistance at $150,000. However, the current price of Bitcoin at $70,000 is relatively low, providing investors with an opportunity to buy and hold for the long term. For those who are not sure which cryptocurrency to invest in, Bitcoin is still a safe choice, and it is seen as a weathervane for the entire market. At the same time, BNB is also an asset worth paying attention to. As part of the Binance ecosystem, BNB has great potential and its market capitalization is expected to rival mainstream cryptocurrencies such as Ethereum. #Binance200M #bitcoin
🔴$300 million liquidated from the cryptocurrency market in the past 1 hour. 🔴In the past 24 hours , 156 497 traders were liquidated , the total liquidations comes in at $451.50 million 🔴The largest single liquidation order happened on OKX - ETH-USD-SWAP value $5.20M
⚠️ Never invest more than what you can afford to lose. ⚠️ Don't try to make quick money. ⚠️ High Leverage does not give you more money
Dear Fellows, No Worry about the DUMP of ladt night its part of Busniess. you will earn you will grow once again when any trouble comes all around human help to each other. so no worry stand up and start up new days.
However, i have lost 20% of my assets last night dump every one must mention in comment how much you lost?