BTC surges strongly after recent losses

The cryptocurrency market has experienced significant price fluctuations over the past few days, with this volatility particularly affecting Bitcoin (BTC). Just two days ago, the value of BTC fell to $58,500, its lowest point since the Fed’s interest rate decision two weeks ago. The decline triggered a widespread sell-off in altcoins that weighed heavily on the entire market. However, a recovery quickly followed, with BTC prices rebounding to $61,700, and altcoins following a similar trend. DOGE emerged as the standout meme coin, while two top-10 altcoins were among the day’s biggest gainers.

🔸#SolanaCoin Performance

Solana (SOL) was mired in a severe downturn at the start of 2023, but subsequently staged a remarkable recovery, managing to break above $200. From late 2023 to March, Solana’s price once again exceeded $200, although there was a more significant correction thereafter. Currently, SOL is up 3.4% over the past week at around $136.50, although it is down 0.48% on a weekly basis and is down 19% over the past month.

The recent price action has pushed Solana's market capitalization to climb to $63 billion, even as its daily trading volume dropped 25% to $2.5 billion. According to DeFiLlama, the total value locked in the Solana network reaches $4.25 billion, reflecting a 6.44% increase in the past 24 hours. Increased market activity has also driven a rise in DeFi trading volume.

🔸#Cardano(ADA) latest status

Cardano (ADA), frequently mentioned for its downtrends, showed signs of recovery today. In the past 24 hours, ADA price increased by 3.88% to reach $0.3914. On a weekly basis, ADA gained 2.07%, with its market capitalization rising to $13.990 billion, and 24-hour trading volume of approximately $264.97 million.

🔻 Key Insights

● BTC rebounded to $61,700, suggesting the market may be stabilizing after recent losses.

● Solana's solid recovery and market capitalization growth show that investor confidence remains strong despite the recent correction.

● Cardano’s price recovery highlights its resilience and potential for further growth. $BTC

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The best meme coins to buy next month, with the potential to gain 100% 💯

As the altcoin industry rides a bull run, meme coins are leading the charge. Demand for meme coins is rising, and RWA and AI tokens are also on the rise. Famous meme coins such as DOGE, SHIB, and new token BRETT are signaling a potential rebound.

Dogecoin (DOGE):

After reaching a peak of $0.22, DOGE entered a correction phase and formed a descending wedge pattern. Despite the downward trend, it is still above the $0.10 level and is currently trading at $0.12548. The bullish crossover of the MACD suggests a possible breakout to $0.18 or $0.22.

Shiba Inu (SHIB):

SHIB is in a descending channel and faces the threat of a death cross, but has found early support at $0.000017. The bullish crossover of MACD suggests a possible reversal with a target of $0.000025 or $0.000035.

BRETT:

BRETT shows a solid support trendline and has recently managed to break out of a triangle pattern, rising 25% above $0.15. Based on Fibonacci levels, $0.23318 is possible next month. #Meme板块普涨 #meme板块关注热点 $SHIB $DOGE

$PEPE : A deflationary meme coin inspired by the famous frog meme

PEPE was launched in April 2023 and is a deflationary meme coin inspired by a popular internet meme featuring an expressive frog. The token operates on the Ethereum blockchain and follows the ERC-20 standard, allowing it to be stored and traded on any compatible wallet or exchange. PEPE has a maximum supply of 420,690,000,000,000 tokens, and its value is driven by market supply and demand.

Recently, PEPE prices have rebounded following the release of positive US Consumer Price Index (CPI) data. In an active trading environment, the token rose to a high of $0.00014, up 23% from its recent lows.

As of today, PEPE is priced at $0.00001148 with a 24-hour trading volume of $360,863,802.77. This shows a 0.38% drop in the last 24 hours and a 2.98% drop in the last 7 days. PEPE has a circulation of 420M and a market cap of $4,836,990,472.
#meme板块关注热点 #PEPE创历史新高 $PEPE

Tron (TRX) Overtakes Shiba Inu (SHIB) Amid Market Shift

Tron (TRX) has now surpassed Shiba Inu (SHIB) in market capitalization, causing a significant change in the rankings of the cryptocurrency market.

Shiba Inu has always had a strong presence in the market, with its vibrant community known as "Shibarmy." However, even with a market capitalization of $9.899 billion, it currently ranks behind Tron.

Tron currently ranks as the 11th largest cryptocurrency with a market capitalization of $10.42 billion. During the same period, Shiba Inu is now ranked 12th, with a market capitalization of $9.899 billion.

The market shift comes amid a broader selloff in cryptocurrency markets, due in part to uncertainty about monetary policy, including concerns about the Federal Reserve's ability to quickly cut interest rates from two-decade highs.

Shiba Inu was down 9% at one point, trading at $0.00001668 at press time. Shiba Inu prices have also fallen 16.13% over the past week and 29% over the past 30 days. Conversely, Tron has lost 0.49% in the past 24 hours to $0.1194, although it is still up 2% on a weekly basis.

Tron, a blockchain for creating decentralized applications, has been experiencing strong growth recently. In the latest milestone, TRON’s total account count has reached 239,304,736, surpassing 239 million. The TRON ecosystem is growing rapidly and continues to work toward decentralizing the network.

The Shiba Inu ecosystem is also constantly evolving, with projects such as Shibarium gaining attention.

Shiba Inu's second-tier scaling solution, Shibarium, has seen a significant spike in activity recently, as evidenced by a sharp increase in transaction fees and a significant increase in new transactions.

According to statistics from blockchain explorer Shibarium Scan, Shibarium transaction fees increased significantly by 388%, climbing from 16.22 BONE on June 17 to 78.18 BONE on June 23. The increase in transaction fees means an increase in demand for transactions on the network, indicating an increase in user activity and participation in Shiba Inu-related applications and services.
#meme板块关注热点 #trx #SHIBA🚀 $TRX $SHIB

Here’s Why Bitcoin’s Price Collapsed

While it’s hard to pinpoint the source of the current selling pressure that has driven BTC from just under $67,000 to just over $61,000, there have been several events in recent weeks that may have led to “happy selling” by traders, resulting in losses of around $100 billion during this period.

🔸 Why Did Bitcoin Crash?

Around the middle of this month, the German government began depositing a large amount of BTC seized in January into several cryptocurrency exchanges, including Coinbase (NASDAQ: COIN), Kraken, and Bitstamp.

The move quickly sparked concerns among investors, as the Central European country had as many as 50,000 Bitcoins to sell — an amount that could easily cause significant price volatility.

Still, previous large-scale government sales of Bitcoin — most notably the U.S. sale of 50,000 Bitcoins seized from darknet network Silk Road — suggest that law enforcement unloading is unlikely to cause a price crash.

Nonetheless, the news in May that bankrupt cryptocurrency exchange Mt. Gox was preparing to begin redistributing assets to creditors may have further heightened concerns, and the June 24 confirmation that payments would begin in July completely ignited concerns.

Given that this includes about $9 billion worth of Bitcoin, there is a risk of creating significant selling pressure, and it is almost certain that such concerns will lead to actual selling pressure.

💬 Germany sold $3 billion, now MtGox has sold $9 billion in Bitcoin. - Charles Edwards

In addition to major moves from fairly rare BTC whales, the low trading volumes reported in early June could amplify any price movements triggered by sales.

In addition, the results of recent technical analysis (TA) conducted by several well-known cryptocurrency experts suggest that a major downtrend is imminent, which may have further spooked investors. #BTC走势分析 $BTC

XRP’s Bearish Trend: Understand It

XRP is battling the $0.4880 resistance. The price is trending downwards and the bears may target $0.4550.

XRP faced another rejection at $0.4880.

The price is trading below $0.4850 and the 100 hourly SMA.

On the hourly XRP/USD chart, a negative trend line is connected to the $0.4810 resistance.

If the pair closes below $0.4720, the decline may continue.

XRP Continues to Fall

XRP is trying to re-break above $0.4820. The bears are active near the $0.4880 resistance. Like Bitcoin and Ethereum, the price declined after peaking at $0.4884.

It fell below $0.4850 and $0.4800. There was a test of the $0.4720 support level. After the $0.4722 low, the price is consolidating losses. Below $0.4850 and the 100 hourly simple moving average.

If the price rises, it is likely to face resistance at $0.4765 or at the 23.6% Fibonacci retracement level of the decline from the $0.4884 high to $0.4722 low.

The first significant hurdle is $0.4810 – $0.4820. On the hourly XRP/USD chart, a negative trend line is connected to the $0.4810 resistance level. The trend line is located at the 50% Fibonacci retracement level of the decline from the $0.4884 high to $0.4722 low.

A clean break above $0.4820 may propel the market above $0.4880. The next significant resistance is near $0.50. A close above the $0.50 resistance level may boost the price. The next hurdle is $0.5120. More gains may push the price towards the $0.5250 barrier.

More losses?

If XRP fails to break above $0.4820, it may decline. An initial downside support is $0.4720.

The next important support is $0.4650. If the price breaks and closes below $0.4650, it may decline sharply. The price may fall below $0.450 in the short term.

Technical indicators

The hourly MACD for XRP/USD is showing a bearish trend.

The relative strength index hourly XRP/USD RSI is below 50.

Major Support Levels: $0.4720, $0.4650.

Major Resistance Levels: $0.4820, $0.4880.
#xrp $XRP

Is Dogecoin’s short-term price target of $0.10 coming soon?

At press time, Dogecoin appears to be on the verge of breaking a crucial support line.

Market sentiment is bearish, according to on-chain indicators.

Dogecoin [DOGE] is trading near the bottom line of its horizontal channel, a trend it has been showing since April 13.

A horizontal channel forms when the price of an asset is consolidating within a range. The top channel line creates resistance, while the bottom channel line forms support. Bears have created resistance at $0.17, while bulls have held on to $0.10, providing long-term support for DOGE.

If bulls fail to hold this support, DOGE could fall to new lows on the chart. This suggests widespread selling in the market.

Multiple on-chain indicators show this. Since March 31, memecoin sentiment has been mostly negative.

This indicator represents the market sentiment towards an asset. When an asset provides negative value, its price will fall because the asset market is filled with negative sentiment.

At press time, DOGE has a weighted sentiment of -0.17. If the memecoin sentiment remains low, its price will fall. This could reduce its support level.

DOGE has also seen a decline in overall market demand. Santiment reports that the average daily number of memecoin addresses that completed at least one transaction in the past 30 days has decreased by 13%.

Over the past month, DOGE whales have steadily reduced their memecoin exposure to protect their assets. According to IntoTheBlock, DOGE has seen a sharp decrease in the number of major trading days in the past 30 days.

Over the past month, DOGE transactions between $100,000 and $1 million have fallen by 46%. During the same period, transactions between $1 million and $10 million have fallen by 39.1%.

DOGE futures traders are holding out.

Despite Dogecoin’s poor price performance, futures traders are positive about it.

Is your portfolio in the green? Check out the DOGE profit calculator.

Coinglass found that the funding rate for the token has been positive for two consecutive months, except for June 18-19.

In perpetual futures contracts, the funding rate keeps the contract price close to the spot price. #DOGEUSDT #DOGE原型柴犬KABOSU去世 $DOGE

Solana Falls 13%; Can It Recover From Analyst's $1,000 Prediction?

Solana (SOL) has been hit by the recent ups and downs in the cryptocurrency market. After a sharp rise in early 2024, SOL fell 13% last week, leaving investors worried about the future.

Technical analyst Patel thinks he may have finally figured out the future direction of this fast blockchain - and it has something to do with a cold drink. Patel found the famous "cup and handle" pattern when examining the SOL/USDT weekly chart, which is a bullish signal similar to a cup and its handle.

Patel said Solana's amazing rise and fall fell within the "cup" portion of the pattern, which started in mid-2021 and lasted until mid-2022. It has leveled off after the initial parabolic surge.

The most critical thing for SOL bulls is to break through the psychological resistance level of $200 to $225. If this resistance is breached, the beginning of a bullish comeback could be just around the corner.

$1.042 or $520: Patel’s lofty price target

Beyond the immediate hurdles, Patel’s research outlines two possible medium- to long-term price targets for SOL. First and foremost, a price target of around $520 would represent a significant recovery in price and take us back to the previous highs.

However, Patel continued. His second target, TP2, is an eye-popping $1,042, indicating his extreme optimism about the future. But reaching such a high price level depends on the handle construction being completed correctly.

In order to build momentum for a strong breakout, a pullback and more consolidation may be needed. #sol板块 $SOL

Pepe breaks below ascending trendline

Pepe price breaks below ascending trendline on Sunday, highlighting bearish stance

On-chain data shows that PEPE active addresses are trending down, implying reduced network demand

A daily candle above $0.0000124 would refute bearish sentiment.

Pepe (PEPE) broke above ascending trendline on Sunday, suggesting a bearish breakout. The decline in on-chain PEPE active addresses shows reduced network demand, and the frog-themed meme coin's price fell 20%.

Pepe breaks below ascending trendline

Pepe price broke below ascending trendline on Sunday. Refer to the daily chart below for a trendline connecting multiple swing lows from mid-April to mid-June

If this trendline continues to act as resistance for a pullback, a 20% drop from the breakout point to $0.0000903 is possible. This is the 61.8% Fibonacci retracement level from the swing low of $0.0000393 on April 13 to the swing high of $0.0000172 on May 27

On the daily chart, the Relative Strength Index (RSI) and the Awesome Oscillator (AO) are below their averages of 50 and zero, supporting this bearish view. This suggests that the bearish momentum will continue, which may reduce the value of the frog-themed meme currency

If the cryptocurrency market outlook is bearish, PEPE may fall below $0.0000903 and fall 35% to re-enter the low of $0.0000592 on May 1

On-chain data also predicts a drop in PEPE prices. IntoTheBlock’s Inflow/Outflow Map (IOMAP) shows 3,040 addresses bought 24.60 trillion PEPE tokens at $0.0000110. If the price rises to this level, many investors may sell to break even

Technical analysis shows that the $0.0000110 resistance level matches the IOMAP results, making it a key reversal point

Continuing the slump in May, PEPE’s daily active addresses decreased by 24% in the previous week. This decrease indicates that PEPE’s network is losing demand, which may cause the frog-themed meme currency to collapse.

PEPE’s daily candle price closed above the June 16 high of $0.0000125, suggesting a market breakout. This would break the bearish thesis and could trigger a 22% rally to $0.0000152 USD, down from daily high on June 6
$PEPE

Cryptocurrency Toncoin surges to new all-time high, can it climb to $10?

The price of Telegram-backed Toncoin (TON) recently peaked at $8.15 before settling at $7.60, sending shockwaves through the cryptocurrency market. With technical indicators showing both bearish and bullish signs, investors are on edge, trying to figure out if this is just a passing fad or the beginning of a major rally.

Cup-and-handle indicator points up, but TDS warns of a bounce

Analysts are divided on TON’s short-term prospects. One crypto expert poured cold water on the current excitement as the TD Sequential indicator gave a “sell signal.” Therefore, a price correction of one to four trading days may be in the cards.

Fibonacci retracement levels may offer protection for those expecting a price drop. These levels provide TON with a buffer against a fall, located at $7.44, $7.29, and possibly $7.18.

Another cryptocurrency expert, Clay, sees the market forming a bullish “cup with handle” pattern. This pattern, which is traditionally bullish after a period of consolidation, suggests that the uptrend will continue.

The analyst noted that TON has just broken through a significant resistance area, adding weight to his bullish thesis, which is seen as a platform for further gains.

When looking at the daily chart, technical indicators show the same story. The price has tested the $7.65 level several times, where it is currently facing resistance. When TON breaks through this obstacle, it may face strong support at $8.28. The 100-day exponential moving average (EMA) support at $6.01 further strengthens the bullish argument, providing safety in case of price declines.
#TON生态 #Toncoin

3 Popular Altcoins That Could Turn $100 Into $20,000 Profits by December

**LayerZero (ZRO)**

- **Main Features**: Ultra-light nodes for secure cross-chain communication.

- **Current Price**: $3.05, market cap $763 million.

- **Potential**: Ranked 91st by market cap, with plenty of room for growth.

**zkSync (ZK)**

- **Main Features**: Uses ZK Rollups to reduce Ethereum transaction fees.

- **Current Price**: $0.1845, market cap $678 million.

- **Potential**: Ranked 99th, with a bright future ahead thanks to a new token economics strategy.

**Solana (SOL)**

- **Main Features**: Combining Proof of History with Proof of Stake to power DApp development.
- **Current Price**: $134, up 855% year-over-year.
- **Potential**: High TVL and active DApp ecosystem make them strong contenders.

**Bottom Line**

LayerZero, zkSync, and Solana all offer promising investment opportunities with solid technical foundations and huge market potential.
#zro #solana生态 $ZK $ZRO $SOL

The most noteworthy cryptocurrencies this week: AVAX, JASMY, BONK

🔸#AVAXhits new year low

Avalanche (AVAX) has suffered a heavy blow recently, especially on June 17 and 18, when market volatility increased significantly. AVAX rose slightly by 0.23% at the beginning of the week, but this increase was significantly behind Bitcoin's slight rise on the same day.

However, as the collapse of Bitcoin triggered a decline in the entire market, Avalanche plummeted, plummeting nearly 12% in just two days, and its price fell to $26.60 for the first time since December last year.

AVAX broke the lowest price record this year twice last week. On June 18, it hit a new year low of $24.94, and then on June 22, it fell to a lower value of $24.52.

The asset fell by 14.66% last week and closed the week at $25.61. This figure means that Avalanche is down 33% year-to-date.

🔸#JASMYRetests Lower Bollinger Band

JasmyCoin (JASMY) has seen higher gains during its rally. For example, the token surged 12.33% on June 16, when BTC and other assets saw minimal gains.

However, the correction after this rally caused JASMY to fall for four consecutive days, eventually plummeting 25%. JASMY finally retested the lower Bollinger band ($0.0296) on June 20, and even briefly fell below it.

However, the asset then surged and decisively broke through the lower band, rising 8.52% on June 22.

🔸#BONKCrashes

As the only meme coin in this week's "top cryptocurrencies" list, Bonk (BONK) is extremely volatile. Its decline is far more severe than the rest of the market.

After a 3% gain on June 16, bearish forces caused BONK’s price to plummet by 17% on June 17-18.

BONK entered a consolidation phase after a sharp drop and remains bearish despite being listed on Bitstamp. The weekly decline amounts to 15.6%. BONK must break above the 23.6% Fibonacci retracement level ($0.00002543) and the 50-day moving average ($0.00002637) to turn its trend bullish.
#JASMYUSDT #AVAX✅ #BONKUSDT $JASMY $BONK

What do whales do in the cryptocurrency market? ❗

In the cryptocurrency market, a "whale" is an individual or entity that holds a large amount of cryptocurrency. These whales can have a significant impact on the market due to the size of their holdings. Here are some of the activities whales engage in:

1. Market manipulation: Whales can move the market by engaging in large-scale transactions. For example, whales selling large amounts of cryptocurrency can drive prices down, while buying large amounts of cryptocurrency can drive prices up.

2. Accumulation: Whales often accumulate large amounts of cryptocurrency when prices are low. This can be done quietly over time to avoid alerting other market participants.

3. Pump and dump: Whales can engage in pump and dump schemes to artificially drive up the price of a cryptocurrency by buying large amounts and then selling their holdings at peak times, profiting from the higher prices.

4. Staking and yield farming: Whales can engage in staking and yield farming to earn rewards. Their large holdings can generate significant returns, further increasing their influence in the market.
5. Strategic Selling: Whales may strategically sell their holdings to manage risk, rebalance their portfolios, or take profits. Such selling may cause volatility, especially in illiquid markets.
6. Supporting Projects: Whales may also support specific projects by providing liquidity, investing in ICOs (initial coin offerings), or supporting new initiatives, which may have a positive impact on these projects.

Overall, the actions of whales may lead to increased volatility in the cryptocurrency market, and their strategies are closely watched by other traders and investors.

Disclaimer: Contains third-party content, does not constitute financial advice, and may contain sponsored content. See Terms and Conditions for details.

#美国PCE数据将公布 #币安合约锦标赛 #MegadropLista #币安用户数突破2亿

Bitcoin Price Analysis in June 2024

As of June 2024, Bitcoin (BTC) is trading at around $64,297.23, with market analysts noting a mix of bullish and bearish trends. Recent price dynamics and technical indicators suggest that Bitcoin has the potential to grow, with some analysts predicting that if certain market conditions are met, Bitcoin could reach $75,000, or even $100,000.
#BTC走势预测 $BTC

3 Undervalued Cryptocurrencies to Buy Before a 5000% Surge

Crypto 1: Fetch.ai (FET)

Fetch.ai (FET) combines blockchain technology with artificial intelligence to create a decentralized digital economy. Despite the recent drop from $3.84 to $1.1, the formation of a bullish flag pattern suggests a potential rebound to $40. FET's organic integration with artificial intelligence gives it the potential to grow in the emerging technology field.

- Market Cap: $1.287 billion
- Current Price: $1.5
- Potential Target: $40

Crypto 2: Aave (AAVE)

Aave is a leading DeFi protocol that provides users with the ability to lend and borrow cryptocurrencies. Even with a pullback from $145.8 to $79, Aave's dominance in the on-chain lending space shows that it has strong rebound potential. Once it breaks out of the current symmetrical triangle pattern, AAVE may climb to $660.

- Market Cap: $1.189 billion
- Current Price: $79
- Potential Target: $660

Crypto 3: Notcoin (NOT)

Notcoin (NOT), which rose to fame due to its popular game on Telegram, has seen its price drop significantly from $0.029 to $0.0114 during the market correction. Nevertheless, its position as the 56th largest crypto asset and the possibility of breaking through the current resistance level suggest that a rebound to $0.1 is just around the corner.

- Market Cap: $1.5 billion
- Current Price: $0.0114
- Potential Target: $0.1
#Fet #NOT策略 #AAVE $FET $NOT $AAVE

Binance CEO Richard Teng reaffirms Binance’s support for BtcTurk in the wake of the recent hack.
Binance quickly took action to freeze over $5.3 million in stolen funds related to the recent BtcTurk cyberattack. Collaboration between exchanges aims to mitigate losses and strengthen security for crypto users.
Binance CEO#RichardTengreaffirms the exchange’s commitment to strengthening security and protecting user funds following the recent BtcTurk hack. Binance took prompt action to freeze the stolen funds as they moved through its centralized exchange, demonstrating proactive action to mitigate losses for affected users. Teng’s statement highlights Binance’s proactive stance in maintaining the integrity of the crypto ecosystem in the face of evolving cybersecurity challenges.

🔸 Binance’s Commitment to Security and Support for BtcTurk
Binance’s CEO announced on X that they will actively assist BtcTurk in its investigation into the recent security breach. The cryptocurrency giant has frozen more than $5.3 million in stolen funds that moved through its platform, underscoring its commitment to combating illegal activity in the cryptocurrency space.
In response to the attack, BtcTurk quickly halted deposits and withdrawals for all cryptocurrencies. The hackers targeted the exchange’s hot wallets, compromising balances of 10 different cryptocurrencies. However, BtcTurk officials assured users that the majority of assets were safely stored in cold wallets and were not affected by the breach.
BtcTurk highlighted that while the hackers gained access to the hot wallets, the majority of their cryptocurrency holdings were safely stored in cold wallets and were not compromised. The exchange also stressed that its financial reserves exceeded the amount affected and were able to protect users’ assets from potential losses. As part of its response, BtcTurk has launched a full investigation into the incident and is actively working with relevant authorities to resolve the issue and prevent future incidents.
#币安合约锦标赛 #MegadropLista #美联储何时降息？ #meme板块关注热点 $BTC $ETH

Crypto researchers recently outlined how Bitcoin can continue its bull run. The flagship coin has been on a downward trend since reaching an all-time high of $73,750 in March this year.

He said that Bitcoin will recover when "weak miners exit and hash rate recovers." He said that as BTC gets rid of its weak situation, "inefficient miners who run old hardware with high costs will go bankrupt." Some people have to switch to more efficient hardware.

Generally speaking, miners' income will be halved after Bitcoin halving. Even so, the fees they need to pay after halving are the same. Willy Woo believes that this has caused miners to sell BTC to make up for losses or upgrade hardware. He attributed the decline in BTC prices to the frustration of these miners.

If these miners liquidate their Bitcoin holdings, Bitcoin is expected to rebound sharply. The crypto expert pointed out that the compromise of miners this time is unprecedented because it took a long time after the halving. He suspects that the ordinal inscription increased the income of these miners.

Willy Wu also mentioned that Bitcoin’s hash rate has been slow to recover in this cycle. He said that in 2017 and 2020, BTC’s hash rate recovered in 24 days and 8 days, respectively. However, this time, Bitcoin’s hash rate has not recovered for 61 days.

Rekt Capital is convinced that Bitcoin will rebound soon. He previously said that it is normal for Bitcoin to consolidate in this range, as the market has seen similar post-halving ranges in the past. The expert also said that BTC is currently reaccumulating after the Bitcoin halving.

BTC will enter the "parabolic uptrend" phase after this stage, which will push it to the market peak of this cycle. Rekt Capital predicts that the parabolic rise will start in September. According to past market cycles, BTC’s market peak may occur in September or October next year.

Rekt Capital said that Bitcoin investors should not panic. He said that Bitcoin may fall to a level that makes everyone think that the bull market is over, and then continue to rise.
#币安合约锦标赛 #BTC走势分析 $BTC

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Investors Withdraw $105.96 Million from Spot Bitcoin ETFs

As of yesterday, withdrawals from spot Bitcoin ETFs amounted to $105.96 million. These withdrawals continued the trend observed in the previous days. One of the key reasons for the withdrawals was the volatility of Bitcoin's price. With Bitcoin falling below $63,500 yesterday, the market considered the withdrawals to be natural. So what are the specific details of these withdrawals?

🔸 Yesterday's Spot Bitcoin ETF Data

Yesterday, three Bitcoin ETFs showed withdrawals, while only one ETF had inflows. The other ETFs had zero activity. The largest withdrawal came from Fidelity's spot Bitcoin ETF, which was $45 million. The Bitcoin ETF called FBTC now has a total asset value of $10.72 billion.

The second largest withdrawal came from Grayscale, which was $34 million. GBTC has total assets valued at $17.84 billion. The third Bitcoin ETF to see withdrawals was ArkInvest, with $29 million. ArkInvest has total assets valued at $2.92 billion.

The only spot Bitcoin ETF to see inflows was Franklin’s Bitcoin ETF, with $2 million. The rest of the Bitcoin ETFs saw zero activity.

🔸 Where is Bitcoin going from here?

As we bask in the heat of summer, expectations for Bitcoin are building. BTC continues to be range-bound at this stage. Last night, Bitcoin fell below $63,500 and is trading above $64,000 at the time of writing.

BTC needs to reach around $70,000 to see gains. This scenario will also resonate in the altcoin space. Especially for altcoins that have seen a sharp drop recently, everyone is looking forward to their recovery. However, Bitcoin has yet to enable such a recovery. This situation has deeply affected the psychology of investors, causing many people to fall into a state of fatigue.

● Withdrawals from spot Bitcoin ETFs yesterday were $105.96 million.

● The largest withdrawal was $45 million from the Fidelity ETF.

● Bitcoin prices need to reach $70,000 to rise.
#BTC走势分析 #ETFvsBTC $BTC $ETH

#ElonMusk withdraws $44.9 billion pay package from Tesla in shareholder vote, named world's richest person in June 2024

In a surprising turn of events, Elon Musk successfully withdrew a $44.9 billion pay package from#Teslain a recent shareholder vote. The vote reaffirmed shareholders' confidence in Musk's leadership and vision for the electric car giant, despite a legal challenge earlier this year.

The victory came amid a string of notable achievements for Musk, including the successful launch and return of SpaceX's Starship rocket, which will play a key role in the expansion of the Starlink satellite network. Musk's ambitions continue to rise to new heights as he sets his sights on the stars.

Musk's influence extends beyond space exploration, as he was ranked the world's richest person in June 2024. The honor is a testament to his relentless pursuit of innovation and his ability to disrupt industries with breakthrough ideas.

As#Muskcontinues to make waves in the tech world, the future looks bright for Tesla and its visionary leader. With his unwavering determination and tendency to push boundaries, there's no doubt that Musk remains a force to be reckoned with in the business world. #币安合约锦标赛 #MegadropLista #meme板块关注热点 #新币挖矿 #山寨币热点