Bitcoin Finally Legal in Russia for International Trade
The adoption of bitcoin as an international payment method by Russia marks a historical turning point. Facing Western sanctions and increasing economic pressure, Russia turns to bitcoin and other cryptos to circumvent financial hurdles. This decision, approved by the State Duma, offers a new perspective for Russian businesses looking to navigate through a severely restrictive economic context.$BTC
Bitcoin’s 13-year trend predicts when BTC will peak at $200,000
Bitcoin (BTC) has once again failed to breach the $70,000 resistance zone, exhibiting volatility in the last 24 hours, with the crypto dropping to below $67,000 at some point.
Indeed, Bitcoin failed to capitalize on Republican presidential nominee Donald Trump’s bullish sentiments about incorporating the crypto into the United States Treasury.
Despite Bitcoin’s short-term price volatility, analysts maintain that the maiden crypto is destined for a new all-time high. Particularly, in an X post on July 27, analyst apsk32 indicated that Bitcoin’s historical price movement models have a target of about $200,000. $BTC
2024’s Bitcoin Cycle Is Different From the Past – Experts Explain New Trends...
The current Bitcoin (BTC) bull run is set apart from others amid continuous regulatory shifts, new developments within the cryptocurrency industry, and new technological developments.
After rapidly reaching its all-time high (ATH) of $73,000 on March 14, 2024, BTC has been hovering around the $65,000 to $70,000 range, reflecting a period of relative stability and consolidation.
From an early ATH, no blow-off-top, and suggestions of a longer market cycle, we spoke to some of the finest cryptocurrency experts to help us understand what makes this BTC cycle different from others.$BTC
Chad Steingraber predicts XRP will reach $250 by 2025, citing upcoming stablecoin regulations as a potential catalyst.
Chad Steingraber, an XRP community figure and lead Game Designer, recently sparked discussions with his bold prediction that XRP could hit $250 by 2025. Despite the lack of concrete reasoning for the forecast, his statements have stirred speculation within the community. $XRP
Crypto bulls lose nearly $400M in the last 24 hours amid crash
The cryptocurrency market has crashed, with most cryptocurrencies registering double-digit losses since June 17. In this scenario, crypto bulls lost nearly $400 million in long position liquidations, with over 165,000 traders getting ‘rekt.’
Finbold retrieved data from CoinGlass showing a total liquidation of $440.24 million in the last 24 hours. Notably, $378.52 million was from long positions that reached their liquidation prices, with a dominance of Ethereum (ETH). On the other hand, short-sellers lost less than $62 million.
Crypto bulls of the leading Web3 and DeFi blockchain lost $68.44 million, while Ethereum bears lost $16.27 million. Moreover, the largest single liquidation occurred with an ETH pair against the USDC on Binance, a $6.44 million order.$BTC $ETH $BNB
The Terra Luna Classic community overwhelmingly supporting the Genuine Labs community spend proposal. The proposal sees a 99.98% approval rate, with virtually no opposition. The voting represents work done by the developer to complete security upgrades and other updates for the chain’s components.$LUNC
XRP News Today: Investors Watch Ripple Case Closely, Bet on Fed Cuts
Key Points: On Monday (June 3), XRP advanced by 1.29%, closing the session at $0.5195. Investor bets on a September Fed rate cut drove buyer demand for XRP and the broader crypto market. SEC vs. Ripple case-related updates and XRP-spot ETF market-related chatter need investor consideration.$XRP
Pi Network has garnered substantial attention with a massive user base exceeding 55 million people worldwide. These users, known as Pioneers, actively promote and strengthen this network. The presence of a robust community is a key factor that could drive large-scale adoption of Pi Network once the Open Mainnet goes live. This global community is not only active on social media and forums but also participates in developing and testing new features, making them an integral part of the Pi ecosystem.
Bitcoin (BTC) continues to cling to the $67,000 mark, with bears and bulls failing to push the maiden cryptocurrency’s price in either direction significantly.
Amid the standoff, crypto trading expert TradingShot has pointed out that chart patterns indicate a possible explosive Bitcoin price breakout.
In a TradingView post on May 31, the expert noted that Bitcoin is on the verge of completing the right shoulder of the inverse head and shoulders (IH&S) pattern, a bullish indicator that emerged following the cryptocurrency’s all-time high on March 14.💥
The IH&S pattern, a well-known bullish reversal formation, suggests a shift from a downtrend to an uptrend. The formation comprises three parts: the left shoulder, the head, and the right shoulder. Therefore, completing the right shoulder signals the potential start of a significant upward move.
Additionally, the current price movement is contained within an upward channel. This “Channel Up” pattern has shown a previous bullish leg peaking at 19.50%, followed by two bearish legs of approximately -8% each, reinforcing the structural symmetry in Bitcoin’s price movements.
Support zones resilience The analysis also highlighted distinct support and resistance zones within the IH&S pattern. Support zone one has demonstrated resilience, holding firm twice since May 23. This suggests a strong buying interest at this level, providing a foundation for the anticipated bullish move.
At the same time, the analyst noted that the 50-day moving average is another critical indicator. As long as Bitcoin’s price remains above this moving average, the bullish trend is expected to persist, likely culminating in a price near the $80,000 level🚀.$BTC
Terra Classic Price Forecast: $1 LUNC Nigh On SEC Settlement, Rising Open Interest
Terra Classic price prediction: LUNC is experiencing a significant surge driven by SEC settlement news, increased open interest, and positive technical indicators, indicating potential gains.
Terra Classic Price Forecast: Market Optimism Drives Surge The market capitalization of Terra Classic stands at $699.65 million, marking an 8% rise. Its 24-hour trading volume has surged by 273.87%, reaching $128.13 million, positioning LUNC at #66 in terms of volume. The volume-to-market cap ratio is 18% while the circulating supply holds at 5.79 trillion, with a total supply of 6.97 trillion.
AD As bullish sentiment gains momentum, Terra Classic (LUNC) could surpass the $0.00013 mark, signaling a renewed upward trend. This positive market shift might push the Terra Classic price toward breaching the resistance at $0.0002, aiming for $0.0005 in the next bullish cycle.
However, if market skepticism dominates, LUNC may retreat to the $0.00012 support level. A prolonged negative trend could see further declines to $0.00011, increasing the likelihood of selling pressure.$LUNC
Shiba Inu forms a falling wedge on the daily timeframe, looking to leverage this pattern for a 50% price spike to the $0.000034 region.
Crypto commentator and market analyst Dami DeFi recently called attention to Shiba Inu’s price movements, noting that the ongoing bearish consolidation could be setting up the stage for an imminent pivotal push. Notably, SHIB is looking to resume the late February upswing.
Shiba Inu Forms Falling Wedge .... Recall that Shiba Inu recorded a 380% rise from Feb. 25 to March 5, culminating in the yearly high of $0.00004567. However, the broader market turbulence, coupled with a drop in momentum, led to SHIB relinquishing this high. As a result, a retracement followed that has seen Shiba Inu drop nearly 50% from the March 5 peak.