Friday is described by market observers as a typically volatile and downside-prone trading day. This phenomenon is not uncommon in financial markets, especially in the cryptocurrency market and the stock market. Friday's movements are more often considered to be specific. risk factors. 1. Investors take profits Many investors will choose to sell positions on Friday to lock in margin for the week. , short-term investors will clear their positions on Friday, which will lead to increased selling pressure in the market, which in turn will lead to price increases. 2. Weekend uncertainty The market is closed for two days on weekends, which means that it is likely that external events will not be immediately available for a period of time. Many investors chose to reduce their positions on Friday, which also increased the selling pressure on the market. 3. Weekend effect The "weekend effect" is a common theory in financial markets, which states that the stock market or cryptocurrency market tends to perform poorly on the trading day before the weekend (usually Friday). There were concerns about possible bad news during the period, leading to increased selling. 4. Institutional fund adjustment Financial institutions tend to make capital adjustments on Fridays, which also affects market performance. Word of mouth, such behavior often increases stress. 5. Technical indicators and periodicity There are also some opinions in technical analysis that some technical indicators performed relatively poorly on Friday. Volatility factors could support Friday's downtrend. 6. Influence of global macro factors The impact of global political, economic and social events is usually more pronounced on Fridays. fell. in conclusion To sum up, the phenomenon of market decline on Friday is prone to be affected by a variety of factors, including the end of investor profits, uncertainty over the weekend, institutional funding adjustments, and cyclical market fluctuations. But based on historical performance and the market, Friday is indeed considered one of the riskier trading days. $BTC
Today, Dogecoin (DOGE) experienced a strong rise, with the price rising sharply by 10% in just 24 hours.
1. The overall market is recovering The cryptocurrency market has generally picked up recently, with mainstream cryptocurrencies such as Bitcoin and Ethereum rising to varying degrees, driving the sentiment of the entire market. Tokens tend to benefit, attracting more investors, pushing their prices higher. 2. Social media and community influence The rise of Dogecoin is actually inseparable from the power of the community. The above-mentioned active discussions can often trigger a large amount of purchase demand in a short period of time. This 10% increase may be a reflection of this effect. 3. Parameters Tesla CEO Musk has long been a strong supporter of Dogecoin, and today’s gains are likely related to his recent comments about Dogecoin on social media. Wendu has caused significant attention to the price of Dogecoin, and investors are paying close attention to his every word.
REEFU's recent sharp decline has attracted widespread market attention, and one of the key factors may be related to the way market makers operate. Market manipulation may have played a role in the decline. The role of the market maker is usually to provide liquidity to the market and maintain market stability through buying and selling orders. This kind of manipulation is extremely obvious in cryptocurrency projects that have liquidity at low levels. Target or harvest market sentiment. This drop may also be due to market makers withdrawing some funds, causing market liquidity to plummet. Panic selling. Additionally, market makers may engage in aggressive high-frequency trading strategies in an attempt to profit from artificial price fluctuations, making the market more volatile. The sell-off followed, further exacerbating the price decline. Overall, market makers may have played an important role in the decline of REEFU, driving price fluctuations through their influence.
Cardano (ADA) coin is one of the most watched blockchain platforms in the cryptocurrency market. With its unique technical architecture and long-term stable development strategy, it has become the focus of many investors. Launched in 2017 by founder Charles Hoskinson, Cardano is committed to creating a more scalable, flexible and sustainable blockchain platform, and focuses on the implementation of smart contracts and the development of decentralized applications (dApps). The biggest technical advantage of ADA coin comes from the "Ouroboros" consensus mechanism it adopts. It is an innovative Proof-of-Stake (PoS)-based protocol designed to be more energy-efficient, environmentally friendly, and more scalable than traditional Proof-of-Work (PoW). Cardano is also known for its layered architecture design, which separates the settlement layer from the computing layer, which allows the system to process transactions more flexibly and adapt to future technology upgrade needs. In addition to technological innovation, Cardano is also appreciated for its strong community support and robust development roadmap. The recent "Alonzo" upgrade successfully introduced smart contract functions, making Cardano one of the important platforms competing with Ethereum and further promoting the development of decentralized applications. Looking to the future, with the rise of decentralized finance (DeFi) applications, Cardano’s potential in this field is highly anticipated. Not only does it have a solid technological foundation, it also actively promotes global financial inclusion, especially by deploying its blockchain technology in developing countries. These factors make many investors optimistic about the long-term value of ADA coins. Overall, Cardano has become a force that cannot be ignored in the blockchain field with its technological innovation, stable development process and global market expansion strategy. With the continued development of the platform, ADA Coin's position in the market may be further consolidated, and its future value growth space is also widely optimistic.
$NEIRO has attracted great attention in the crypto market recently, especially in terms of price fluctuations and market activity. As a project focused on decentralized finance (DeFi), Neiro Coin provides fast transactions and low-cost services, which has strong potential for widespread application in the future. Despite the recent controversy caused by market maker Gotbit Consulting, the official's quick response stabilized market sentiment, and the currency price immediately rebounded, rising by 38%. As Neiro Coin develops further, its technical potential and growing community activity provide strong signals for future gains. As the DeFi ecosystem expands, Neiro Coin may benefit from the growing trends in the space. If further breakthroughs can be made at the technical level and application scenarios can be expanded, the demand for Neiro coins is expected to further increase, thus driving the price to continue to rise. With high market sentiment, coupled with the currency's strong community support and potential for DeFi applications, Neiro currency may usher in stronger growth momentum. If the coin can steadily promote technological innovation and resolve market uncertainty, investors have reason to remain optimistic about future price trends. 🧧🧧🧧🎁👈
Recently, the activities of the Dogecoin ($DOGE ) community have once again attracted the attention of the cryptocurrency market. As the price of Dogecoin fluctuates and the market expects its future, community members have shown great vitality and participation. First of all, the Dogecoin community is still active on social platforms (especially Twitter and Reddit). Many members not only pay attention to the currency price, but also actively promote the concept of "Dogecoin as a daily payment tool." Recently, more and more merchants have begun to accept DOGE as a payment method, thanks to the community's long-term promotion efforts, and community members often share with each other examples of merchants accepting DOGE payments.
Web3 wallets are important tools in the blockchain and cryptocurrency space, specifically designed to interact seamlessly with decentralized applications (dApps) and services. In the traditional Web2 environment, users manage assets through banks or third-party payment platforms, while in the Web3 world, wallets act as digital keys to user identities and assets. Not only can this wallet store cryptocurrencies, it can also interact with decentralized finance (DeFi), NFTs, and other blockchain applications. Basic functions of Web3 wallet Web3 wallet is similar to traditional encryption wallet, but its functions are richer and mainly include the following aspects:
Dogecoin (DOGE) has once again attracted the market’s attention recently and has shown the potential to rise significantly. As the king of “meme coins” among cryptocurrencies, DOGE’s success has a strong social media push behind it, especially the support of Elon Musk. He mentioned DOGE on Twitter (now the X platform) many times, driving up the price of the currency. If he further integrates DOGE into the Tesla, SpaceX or X platform, it will significantly increase the demand and value of DOGE. Technically, Dogecoin’s network upgrade is gradually advancing, improving its transaction speed and efficiency. These improvements make DOGE more practical, especially in retail payments and small-value transfers, and more and more merchants are beginning to accept DOGE as a payment method. In addition, the DOGE community is exploring interoperability with blockchains such as Ethereum, which will further enhance its application scenarios and may bring more market demand. Celebrity effect and market hype are also among the driving forces behind DOGE price increases. In addition to Elon Musk, well-known figures such as Mark Cuban have also supported DOGE, pushing more merchants and consumers to accept it as a payment method. Celebrity effect often brings about short-term price fluctuations, especially when bull market sentiment is high. Macro market conditions also support DOGE's gains. As global economic uncertainty increases, more investors are seeking the safety of crypto assets. When major cryptocurrencies such as Bitcoin and Ethereum rise, DOGE typically follows market sentiment into a rally. Ultimately, DOGE’s strong community support and broad social reach give it the potential to rise further. With the promotion of technological upgrades and widespread application, DOGE may become a more mainstream cryptocurrency in the future, and its price may also reach new peaks in the future. For investors who are bullish on DOGE, this may be a time to watch.
ZackXBT questioned Neiro's cooperation as "the worst meme market maker", and the currency price soared 38% after the official admitted his mistake.
On-chain detective ZackXBT recently questioned the crypto project $NEIRO (lower case Neiro) team’s choice of the disreputable market maker Gotbit Consulting, which has attracted widespread market attention. Gotbit Consulting is known as "DWF in the Meme world" and is mainly involved in the market making of multiple Meme projects such as $BONK and Neiro. However, Gotbit was recently jointly sued by the U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice for alleged fraud and manipulation in the crypto market, involving manipulation of the crypto market. ZackXBT publicly questioned the Neiro team on Twitter as to why they chose Gotbit as a partner, emphasizing that Gotbit’s reputation in the industry has long been controversial, and there has been multiple evidence showing that they were involved in multiple pull-and-ship operations. This problem is particularly serious after the US government filed a lawsuit against it this week. Faced with accusations, Neiro officials quickly admitted that choosing Gotbit was a wrong decision and publicly apologized to the community. This transparent attitude seems to have received a positive response from the market, with Neiro’s currency price rising against the trend after the incident, soaring by 38%. This incident demonstrates the importance of transparency in the encryption market. The attitude and response of the project team when facing external doubts have a significant impact on the trust of its community and market performance.
The U.S. is about to sell off about $4.4 billion in BTC and it will become the largest sale of seized Bitcoin in history
The U.S. government is about to conduct the largest $BTC selloff in history, with approximately 69,370 Bitcoins expected to be sold, with a market value of approximately $4.4 billion. The bitcoins came from Silk Road darknet trading platform assets that were seized in 2013. In the latest ruling, the U.S. Supreme Court declined to hear an appeal from Battle Born Investments, a company that claimed it had acquired legal rights to the bitcoins through bankruptcy proceedings. The court’s decision means the U.S. government will be able to legally liquidate these Bitcoins. The sale of Bitcoins will be handled by the U.S. Department of Security and could become the largest sale of seized crypto assets in history. According to reports, the government has begun gradually transferring some of the seized Bitcoins. By the end of July, the Justice Department had moved $2 billion worth of Bitcoin, and by mid-August it had moved another $593.5 million worth of BTC. According to market observations, the Bitcoins will likely be hosted by Coinbase Prime and may be sold via over-the-counter (OTC) transactions to reduce market shock.
Standard Chartered Bank recently issued its latest forecast, stating that if Trump wins the upcoming US presidential election, Solana ($SOL ) will rise fivefold by the end of 2025, and Bitcoin ($BTC ) will also reach a high of $200,000 by the end of the same year. point. Geoff Kendrick, head of foreign exchange and digital asset research at Standard Chartered Bank, said that if Trump is elected, the price of Bitcoin can reach US$125,000 by the end of the year, while if Harris wins, it will only reach US$75,000. As for the situation in 2025, Trump’s victory may bring more regulatory benefits to Solana and help Solana and other crypto assets significantly increase in value. He believes that by then Solana is expected to rise fivefold, Ethereum ($ETH ) fourfold, and Bitcoin threefold. Kendrick further pointed out that the difference in attitudes between Trump and Harris towards cryptocurrency will have a profound impact on the market. Trump has publicly stated his support for cryptocurrencies and is committed to creating a friendly regulatory environment, which has led to market expectations that his policies may significantly boost the crypto market. On the contrary, Harris' attitude is relatively vague. If elected, she may continue the Biden administration's unclear policy on cryptocurrency. In addition, Kendrick also detailed his two main reasons for being bullish on Solana: Solana spot ETF passes expectations: Kendrick believes that as the Ethereum spot ETF application is gradually approved, other spot ETFs like Solana may also be approved in 2025, which will bring huge benefits to Solana. Firedancer upgrade: Solana’s planned Firedancer upgrade will be developed by Jump Crypto and is expected to increase the network’s transactions per second (TPS) to 1 million. This technology upgrade is expected to increase Solana's performance by 100 to 400 times, helping it establish a stronger dominance in the financial and consumer services fields. However, Standard Chartered's forecasts are not always accurate. In May this year, the bank predicted that Bitcoin would hit a new high at the end of the week after the Ethereum spot ETF was approved, but the result failed to materialize. Furthermore, Bitcoin is still quite far away from Standard Chartered’s year-end target of $125,000. Whether this prediction can come true depends on continued observation of market trends.
According to data from Coinglass, if $BTC falls below $64,000, the intensity of multi-order liquidation on mainstream centralized exchanges will reach a staggering $445 million! This figure will undoubtedly trigger violent fluctuations in the market and make many long investors feel uneasy. Relatively speaking, if Bitcoin can successfully break through $66,000, the intensity of short order liquidation on mainstream CEX will reach $477 million, which will inject a strong buying power into the market and put short investors under tremendous pressure. . Right now, the market’s focus is on these two key price points. As the price of Bitcoin fluctuates, investor sentiment will also fluctuate. The potential liquidation wave may become a turning point in the market. All eyes are on Looking forward to the next trend of the market!
What is the $BTC Panic and Greed Index? The behavior of the cryptocurrency market is very emotional. When the market rises, people tend to be greedy and sell their cryptocurrencies. When the market falls, they react irrationally by selling their cryptocurrencies. Use the Fear and Greed Index to detach yourself from your own emotions as much as possible. There are two states: Extreme fear is a sign that investors are too worried and may be a buying opportunity. Being too greedy indicates that investors are too excited and the market may correct. Therefore, we analyzed the current sentiment in the Bitcoin market and expressed it on a scale from 0 to 100. 0 means "extreme fear" and 100 means "extreme greed".
Fan tokens are generally rising: $OG doubled in a single day, $ALPINE NE increased by 36%... Is the clarion call of the copycat season coming? Yesterday, Bitcoin successfully exceeded the $64,000 mark, injecting a boost into the crypto market, and fan tokens experienced an astonishing rise! According to data from CoinGecko, fan tokens of e-sports teams and football clubs have mushroomed, dominating the growth charts. It is particularly worth noting that the fan token $OG of the well-known e-sports team OG (participating in popular games such as Dota 2 and CS) has skyrocketed by more than 114% in the past 24 hours, and is currently quoted at $10.86. Investors are enthusiastic It’s an unprecedented surge! This wild rise has further enhanced the bull market atmosphere and is impossible to ignore. Historical experience tells us that explosive increases in fan tokens often occur during bull markets, which shows that market sentiment is heating up rapidly and everyone is looking forward to the next wave of huge profits! Investors, are you ready for this craze?
In 2011, the "Silk Road" darknet market was established and became the first platform to use $BTC as the transaction currency to conduct various illegal transactions, such as drugs, weapons, and fake identity documents. In 2013, the platform was seized and shut down by US law enforcement agencies. In 2020, the U.S. Department of Justice seized 69,370 Bitcoins (with a market value of approximately US$4.33 billion at the time) from the address of the hacker “Individual X”. These assets came from the “Silk Road”. After years of legal proceedings, a U.S. court finally ruled to confiscate the Bitcoins and other cryptocurrencies. According to reports, after the collapse of “Silk Road”, a company called Battle Born Investments purchased its bankrupt assets and claimed to have the legal rights to the Bitcoins stolen by “Individual X”. However, with the Supreme Court declining to hear the case, the U.S. District Court's confiscation order may ultimately go into effect. Silk Road founder Ross Ulbricht, who amassed $1.2 billion, was arrested in 2013 and sentenced to life in prison without the chance of parole in 2015. In 2021, Ulbricht agreed to relinquish ownership of seized Bitcoins to pay off $183 million in debt. The U.S. government currently holds more than 200,000 Bitcoins through multiple enforcement actions, which are stored in encrypted cold wallets managed by the Department of Justice and the Internal Revenue Service and may be auctioned or disposed of in the future.