Binance, the global cryptocurrency giant, recently dropped a "blockbuster" and announced that it will delist 6 altcoins on August 26, 2024, namely CVP, FOR, REFF, $EPX , $LOOM , $VGX
As soon as this news was announced, the market immediately caused a strong shock. The prices of CVP, FOR, EPX and VGX plummeted by about 40% in just one day, and LOOM and REEF were also hit hard, falling by 14% and 23% respectively.
Binance has strict asset evaluation standards and will comprehensively consider key factors such as the project team's commitment fulfillment, trading volume, technology development quality, and network security. When an asset no longer meets the standards or market dynamics change, it will be removed from the shelves decisively to protect user rights and maintain a stable trading environment.
This removal involves multiple trading pairs such as CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT and VGX/USDT. Once trading is suspended, all active trading orders will be automatically cancelled.
Looking back, Binance's delisting decisions have caused chaos in the market many times. Earlier this year, Monero (XMR), Aragon (ANT), Multichain (MULTI) and Vai (VAI) also suffered the same fate, with prices falling sharply after the announcement.
Today, these 6 altcoins are also in deep crisis, and the future direction of the market is full of uncertainty.
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《Beware! The US government is going to crash the market again❓❓❓》
Important warning is coming! Current signs indicate that the US government is very likely to stir up waves in the cryptocurrency market again.
What is striking is that a huge amount of Bitcoin, up to 9,999$BTC (worth about 592,867,942 US dollars), was quietly transferred from an unknown wallet to Coinbase Institutional.
What is the hidden meaning behind this move? Is the US government re-arranging its assets, or is it preparing for a series of actions to come?
Looking back, every move of the US government in the field of cryptocurrency has had a significant impact on the market. The large amount of Bitcoin resources in its hands has enabled it to have the ability to shake the market structure.
This large-scale Bitcoin transfer has undoubtedly added more suspense to the cryptocurrency market, which is already full of uncertainty. Investors are on edge and paying close attention to the subsequent development of the situation.
The direction of the market has become more confusing at this critical moment, and any slight change may trigger a chain reaction. The next actions of the US government will become the focus of market attention. Let us wait and see what impact and influence it will bring to us.
《This week's US economic data and cryptocurrency market outlook🚀🚀🚀》
This week has been full of big events, with a series of US economic data coming out soon, which has a significant potential impact on Bitcoin and the entire cryptocurrency market. The cryptocurrency market showed a slight upward trend over the past weekend, and the momentum remained strong in early Asian trading on Tuesday. Once expectations of rate cuts rise again, the market is expected to get further impetus.
Quick review of economic events (October 7-11): On Wednesday, the minutes of the September Federal Reserve meeting will be released, opening a window for us to understand the views of monetary officials on the economy. On Thursday, the core consumer price index (CPI) report is coming, and as one of the key indicators for measuring inflation, it is very likely to directly affect the Fed's policy rate.
On Friday, the September producer price index (PPI) report and consumer confidence index will also be released, which are important factors that have a far-reaching impact on the market. In addition, JPMorgan Chase, Wells Fargo and BlackRock will release corporate earnings reports this week, which may have a certain impact on market sentiment.
As of yesterday, Bitcoin closed at about $63,000 on a weekly basis. Although it once fell below the 200-day moving average in the short term, its overall weekly trend remained stable and successfully achieved four consecutive weeks of gains. Ethereum and other altcoin markets performed differently, and overall they were in a range-bound state on the daily chart, indicating that the market is actively looking for new breakthrough directions.
From another perspective, geopolitical factors cannot be ignored, especially the escalating conflicts in the Middle East, which may have a negative impact on market recovery.
Conclusion: The economic data to be released by the United States this week, such as core CPI, PPI and consumer confidence index, play a vital role in Bitcoin prices. If inflationary pressures are eased, expectations for interest rate cuts are likely to increase, which will be beneficial to risky assets including Bitcoin. At the same time, rising expectations for interest rate cuts may prompt funds to flow into the cryptocurrency market, thereby boosting market conditions. Everyone must pay close attention to these factors in order to better grasp investment opportunities.
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"JP Morgan: The situation in the Middle East and the US election may become boosters for Bitcoin and gold prices🚀🚀🚀"
Content: JP Morgan recently predicted that the tension in the Middle East and the uncertainty of the US election are very likely to drive up the prices of Bitcoin and gold.
In the Middle East, the conflicts between Israel, Iran and Lebanon have brought uncertainty about war and injected strong volatility into the global financial market. In this turbulent situation, safe-haven assets are often favored, and Bitcoin and gold have become important choices for investors. The tension in the Middle East is like a vortex in a storm, constantly stirring the water in the financial market, while Bitcoin and gold are like safe havens, attracting investors' capital inflows.
In the US election, the current presidential campaign is in a stalemate, and Trump and Harris's approval ratings are comparable. Trump returned to the place where he was assassinated to campaign, and Musk personally supported him, bringing him huge traffic exposure. Looking back at history, the current market has seen some similar phenomena to those before Trump's election in 2016, and the US Treasury yield and the US dollar index (DXY) have risen strongly in recent days.
JP Morgan analysis pointed out that despite the fierce competition in the current US election, the financial market has not yet shown clear signs that Trump will win. However, as the election day approaches, the election campaign in the next month will become more intense and fierce, and market sentiment will become more tense and uncertain.
From a market point of view, if the market begins to expect Trump to be elected, then risky assets, including Bitcoin, altcoins and stocks, are likely to be greatly boosted. In this period full of variables, investors need to pay close attention to the situation in the Middle East and the dynamics of the US election in order to adjust their investment strategies in time and seize market opportunities.
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$NEIRO /USDT is rising rapidly, beware of the risk of plug-in
Content: Recently, in the cryptocurrency market, NEIRO has been advancing all the way, showing an extremely strong upward momentum. The current trading price is $0.00157870, successfully setting a new record high, with an increase of 42.22%. Looking back on this process, the token quickly climbed from a low of $0.00105143 to a high of $0.00157870. Although there were certain fluctuations during the period, the overall trend was obviously bullish.
It is worth mentioning that the rise of $NEIRO was supported by huge trading volume. The trading volume of up to 409.57B NEIRO and the huge USDT flow of $549.73 million fully highlight the strong interest of investors in it. The huge green candle seems to be a strong signal from the market, showing strong buying pressure. However, while we are excited about this rise, we should not take it lightly and must always be vigilant against the possible risk of pins.
$NEIRO /USDT is rising rapidly, beware of the risk of plug-in
Content: Recently, in the cryptocurrency market, NEIRO has been advancing all the way, showing an extremely strong upward momentum. The current trading price is $0.00157870, successfully setting a new record high, with an increase of 42.22%. Looking back on this process, the token quickly climbed from a low of $0.00105143 to a high of $0.00157870. Although there were certain fluctuations during the period, the overall trend was obviously bullish.
It is worth mentioning that the rise of $NEIRO was supported by huge trading volume. The trading volume of up to 409.57B NEIRO and the huge USDT flow of $549.73 million fully highlight the strong interest of investors in it. The huge green candle seems to be a strong signal from the market, showing strong buying pressure. However, while we are excited about this rise, we should not take it lightly and must always be vigilant against the possible risk of pins.
《Ethereum is on the rise? It is expected to hit $3,000 by the end of September》🚀🚀🚀
Ethereum's recent trend has attracted much attention. Although the price fell 1.67% on Sunday to $2,570, and the market value shrank to $309.5 billion, this is likely to be just a short-term correction. In the past two weeks, Ethereum has risen well, from $2,150 to $2,655, an increase of nearly 20%, mainly due to the Fed's interest rate cut and the rise in Bitcoin prices.
From a technical point of view, ETH has formed a double bottom reversal pattern. If this pattern can be stabilized, it is expected to rise by 9% to $2,800. Once this resistance level is broken, the subsequent rise will be stronger, and $3,000 or even $3,500 is possible.
Although some actions of large investors "whales" have caused concerns, the overall positive trend cannot be ignored. At the same time, although the supply of Ethereum on exchanges is increasing, this does not necessarily mean that it will inevitably trigger a sell-off and cause a sharp drop in prices. On the contrary, in the current market environment, the superposition of various positive factors makes Ethereum full of hope to hit $3,000 by the end of September.
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《Hong Kong's cryptocurrency regulation upgrade: OTC transactions face new challenges and opportunities》❗️❗️❗️
In today's financial field, the development of cryptocurrency has always attracted much attention. As one of the international financial centers, Hong Kong has recently launched a series of major regulatory actions on the cryptocurrency market, especially over-the-counter (OTC) transactions.
According to reliable source South China Morning Post, the Hong Kong Securities and Futures Commission (SFC) is actively planning to work with the Hong Kong Customs to jointly strengthen the supervision of OTC cryptocurrency transactions. Usually, OTC transactions are mainly private transactions between large companies, often bypassing public exchanges and conducted in relatively hidden channels. However, with the change in regulatory direction, the involvement of the SFC is expected to bring a clearer regulatory framework to this volatile field.
《1000SATS/USDT is strongly bullish, opportunities are coming! 》🚀🚀
Currently, 1000SATS/USDT is showing a clear bullish trend, and the trading signal is strongly shown as buy🔥🔥🔥.
In terms of key levels, the resistance level is set at 0.0003388 and the support level is 0.0002982.
You can consider entering the market at the current price of 0.0003188, which is a good time to enter the market. From the key insights, the trading pair is in a bullish trend and the price has great potential to rise. The price forecast shows that it is expected to rise to 0.0003493.
Observing the BOLL indicator, it also shows an upward trend, further confirming the possibility of an increase. In terms of risk management, setting the stop loss to 0.0002950 can effectively protect profits.
Overall, under the premise of prudent risk management, 1000SATS/USDT has a high profit potential.
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$BTC Bitcoin entered a sideways consolidation mode after accurately dropping to the first support level during the day. Not long ago, the market ushered in an extremely strong rebound, which quickly hit the third pressure level of 57750, showing a strong upward momentum.
At night, we need to continue to pay close attention to the position of 57735 that just hit the high point. Once this key point is successfully broken, the market will continue to rise and continue to advance. The upper targets and pressure levels can focus on the key positions of 58200 and 59100. Judging from the current trend, the bulls have the upper hand and the upward trend is obvious.
If the price fails to break through successfully at night and there is a retracement, we need to pay attention to the position of 56980. As long as it does not fall below this position, Bitcoin is still expected to continue to rise. However, if it unfortunately falls below, the market may return to the sideways zone again. If there is a decline, the support level below can be around 56520 and 56110. However, based on the current market situation and technical indicators, the possibility of bullishness is relatively high. As market sentiment gradually heats up, $BTC is expected to continue to create new highs in the future.
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In order to fight against Western sanctions, the Russians have also launched cross-border encrypted payments!
"Russia launches a cross-border encrypted payment pilot to reshape the global financial landscape"
Russia recently launched a cross-border encrypted payment pilot. This move is like a boulder thrown into a calm lake, causing waves in the global financial field.
As an important economy, Russia's annual transaction volume is as high as about 600 billion US dollars, accounting for nearly 30% of the cryptocurrency market value. Now the introduction of cryptocurrency into the cross-border payment field has undoubtedly injected strong momentum into this emerging market. This move is not only expected to soar in demand for cryptocurrency, but also likely to push its adoption rate to a new height.
The advantages of cross-border encrypted payments are obvious. It reduces dependence on the traditional banking system, making transactions faster, cheaper and more efficient, bringing great convenience to international trade. At the same time, Russia's move also means that it has begun to break away from the traditional financial system, paving the way for other countries in the world to explore encrypted solutions.
This pilot fully demonstrates that Russia highly recognizes the potential of cryptocurrency as a viable alternative to traditional currencies. It is very likely to inspire other countries to follow suit, thereby driving a sharp increase in demand for digital assets worldwide, further pushing up cryptocurrency prices and creating a more active market atmosphere.
Crypto payments have brought Russia greater financial sovereignty, more control and privacy, in line with its goal of enhancing economic independence. From a more macro perspective, Russia's experiment is an important step towards a cryptocurrency-integrated global economy and marks the beginning of a new chapter in digital finance. The global financial system is undergoing profound changes, and cryptocurrencies are undoubtedly at the forefront of this change. Let us wait and see, and witness the continued evolution of this great change together.
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《Bitcoin market polarized: big players actively hoard coins, small retail players panic sell❗️》
Recently, the Bitcoin market has shown a clear polarization trend. Small retail players have sold their Bitcoins due to the decline in Bitcoin prices, but big players with more than 100 BTC are quietly hoarding more Bitcoins. According to data from Santiment, in the past month, more than 283 wallets have at least 100 Bitcoins, and the number of such wallets has now reached 16,120, a 17-month high.
Not only big players, but also "sharks" with at least 10 Bitcoins are actively hoarding coins. In the past 30 days, big players and "sharks" have hoarded a total of 133,000 Bitcoins, worth about $7.6 billion.
In contrast, small retail players choose to sell Bitcoin when prices are weak. Despite the active hoarding of coins by big investors, the price of Bitcoin is currently around $59,000, down 8% in the past week, with no obvious upward reaction.
Some believe that the hoarding of Bitcoin by big investors may be a signal of the market bottom, reflecting their confidence in long-term value. For investors, this may be a time to consider a long-term holding strategy, but decisions should be made carefully based on personal risk tolerance and investment goals.
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《$PEPE /USDT fell again due to the influence of BTC, and the bearish trend is obvious》⚠️⚠️⚠️
$PEPE has fallen sharply again due to the volatility of Bitcoin. If the price of $BTC continues to fall, PEPE is also likely to weaken further.
The current price is $0.00000732. The resistance level is adjusted to $0.00000765, and the support level becomes $0.00000730.
Short trades can be entered below $0.00000730, with targets of $0.00000728 and $0.00000722. The stop loss is set at $0.00000742. Overall, the trend of $PEPE is not optimistic. We need to be cautious about market changes and do a good job of risk control.
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《$SOL /USDT trend is weak, bearish signal is obvious》❗️
$SOL is facing downward pressure again, and the current price has fallen to $129.98. Previously, when $SOL fell to 134 again, there were signs that if SOL prices continued to fall. At present, this concern is becoming a reality.
The current resistance level is adjusted to $134.50, and the support level becomes $129.62.
From a technical analysis perspective, short trading can be entered below $129.62, with targets of $129.37 and $129.00. The stop loss is set at $131.20.
Overall, the trend of SOL shows a clear bearish trend, and everyone needs to operate with caution.
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"$1000SATS /USDT Trend Analysis: Need to prevent the risk of pin insertion under bullish trend"🔥🔥🔥
Currently trading at $0.0003113, $1000SATS /USDT is trading at a critical position. Looking at the past 24 hours, $1000SATS has gained significant value growth from 0.00027 to 0.00031.
The current resistance level is adjusted at $0.0003165, while the support level becomes $0.0003005. From a technical perspective, the asset is currently trading close to a key resistance level, and a successful break above this level could lead to further upside, with a possible price target of $0.0003190 or higher.
However, investors also need to remain vigilant. The market is unpredictable, and although the overall trend is bullish, you still need to be careful of price spikes. If the price unfortunately falls below the support at $0.0003005, it could signal a potential trend reversal, at which point a shorting opportunity might arise with possible price targets as low as $0.0002812 and $0.0002625.
When trading, everyone should carefully formulate trading strategies based on their own risk tolerance and investment goals, and strictly set stop loss points!
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《$1000SATS /USDT In-depth Technical Analysis and Trading Strategy 》
The trend of $1000SATS /USDT has always attracted much attention. Looking back at the analysis two days ago, the market seems to have been paused, calm and motionless.
At present, 1000SATS has been in a consolidation state for three consecutive days, with a price range of 0.0002820 - 0.0003100.
The current price is 0.0002855 US dollars, which is slightly fluctuating compared with the previous one, but it is still in a relatively stable state overall.
From a technical perspective, the resistance level is adjusted to 0.0003080 US dollars. This position is like a solid wall. When the price tries to break upward, it may encounter strong selling pressure. The support level is set at $0.0002800. If the price goes down to this level, it is expected to receive some buying support.
You can formulate corresponding trading strategies according to different market conditions.
For long trading, you can consider entering the market when the price breaks through $0.0003080, and the target price can be set at $0.0003120 and $0.0003150.
In order to prevent risks, the stop loss can be set at $0.0002800.
For short trading, the entry price is lower than $0.0002800, and the target prices are $0.0002780 and $0.0002750, respectively, and the stop loss price is $0.0003080.
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$DOGS /USDT has also gone downhill with the downturn of the market in the past two days, showing a more complicated trend in the current market environment.
The current price is still $0.001206 USDT, which is in a relatively delicate position.
From the perspective of resistance, the current strong resistance level is adjusted to $0.001240. If the price is difficult to break through this position, it may face greater downward pressure. Multiple upward attacks have failed to successfully break through this resistance level, showing the market's hesitation and caution in this area.
The support level is currently $0.001140. This position is crucial to judging the further direction of the market. If the price falls below this support, it may trigger a series of chain reactions and accelerate the downward trend of prices.
For short trading, it is more appropriate to enter the market when the price falls below $0.001140. The target levels are $0.001125, $0.001100 and $0.001075. Setting $0.001240 as the stop loss level can effectively control the risk. In the current market situation, everyone needs to pay close attention to market dynamics, especially the performance of prices near key points.
🚀$DOGS /USDT Technical Analysis 🚀 📊 The current price is 0.0013116. The highest price in 24 hours is 0.0013814 and the lowest price is 0.0012100. In terms of 24-hour trading volume, DOGS reached 99.40B and USDT was 128.74M.
Technical Analysis: Key Levels: Resistance: 0.0015716. The price may face great pressure when it rises to this position. If it can successfully break through, it is expected to open up further room for growth. Middle Track: 0.0013682. It can be used as a reference dividing line between long and short forces. Support: 0.0011767. If the price falls to this position, it may get some support. If the support fails, it may fall further.
Bollinger Bands: Upper Band: 0.0018728. When the price is close to the upper band, it may mean that the market is overbought and there is a risk of a pullback. Lower Band: 0.0014127. When the price is close to the lower band, it may mean that the market is oversold and there is a possibility of a rebound.
📝 Key Insights and Observations:
DOGS/USDT is currently showing a positive trend, with a 24-hour increase of 1.52%. This shows that there is a certain buying power in the market for the token and investor sentiment is relatively optimistic.
The 24-hour trading volume of DOGS is significantly higher than that of USDT, which may mean that the market pays more attention to the token and the trading activity is relatively high.
📈 Trading Signals:
Entry Strategy: If the price successfully breaks through the resistance level of 0.0015716, you can consider establishing a long position. At this time, the market may be in an upward trend and investors are expected to gain benefits.
Exit strategy: Set a stop loss at the support level of 0.0011767 to effectively manage risks. If the price falls to this position, it means that the market trend may change, and timely stop loss can avoid greater losses.
Target price: When the price approaches the upper track of the Bollinger Band 0.0018728, you can look for potential profit opportunities. At this time, the market may be overbought and the price may fall back. Investors can consider closing positions and making profits at the right time.
In short, when trading $DOGS /USDT, you should pay close attention to price trends, key levels and Bollinger Band indicators, and formulate reasonable trading strategies based on your own risk tolerance and investment goals.
In today's trading, $PEPE experienced a certain degree of depreciation earlier. After touching $0.00000706, it quickly gained a lot of momentum and rebounded strongly.
The current price has reached $0.00000757, showing the market's activity and uncertainty. Judging from the current trend, the resistance level is currently around $0.00000772.
If the market can continue to maintain strong momentum, it is likely to break through this resistance level. Once successfully broken through, it is expected to start a new round of rising market and move towards higher goals.
The support level is stable at around $0.00000712. This position is crucial for bulls. If the price falls below this position, it may trigger further adjustments in the market, but given the current bullish trend in the market, the probability of this happening is relatively small.
For long trades, when the price breaks above $0.00000772, you can consider entering the market. The target can be set at $0.00000785 and $0.00000795. At the same time, in order to effectively manage risks, a reasonable stop loss should be set.
It is worth noting that if $BTC can break through the resistance level of 59k tonight, PEPE is very likely to rise again and break through the current resistance level of $0.000008.
During the trading process, investors should pay close attention to market dynamics, especially the trend of $BTC and other relevant market factors, and adjust trading strategies in time according to actual conditions to ensure stable returns in a market full of risks and opportunities.
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In today's trading, after a small fluctuation earlier, $BTC has gradually become clearer. The current price is $58,529, which is at a critical position.
In terms of resistance, the current strong resistance level is around $59,000. If this resistance level can be successfully broken, it is expected to further open up the upside and move towards higher goals.
The support level is around $57,680. This position is crucial for bulls. If the price falls below this position, it may trigger further adjustments in the market.
For long trades, you can consider entering the market when the price breaks above $58,750. The target can be set at $59,200 and $59,700. At the same time, in order to control the risk, the stop loss can be set at $57,680.
Short trading can be entered when the price falls below $57,680, with targets of $57,200 and $57,000, and the stop loss is set at $58,750.
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《$1000SATS /USDT In-depth Technical Analysis and Trading Strategy 》
The trend of $1000SATS /USDT has always attracted much attention. Looking back at the analysis two days ago, the market seems to have been paused, calm and motionless.
At present, 1000SATS has been in a consolidation state for three consecutive days, with a price range of 0.0002820 - 0.0003100.
The current price is 0.0002855 US dollars, which is slightly fluctuating compared with the previous one, but it is still in a relatively stable state overall.
From a technical perspective, the resistance level is adjusted to 0.0003080 US dollars. This position is like a solid wall. When the price tries to break upward, it may encounter strong selling pressure. The support level is set at $0.0002800. If the price goes down to this level, it is expected to receive some buying support.
You can formulate corresponding trading strategies according to different market conditions.
For long trading, you can consider entering the market when the price breaks through $0.0003080, and the target price can be set at $0.0003120 and $0.0003150.
In order to prevent risks, the stop loss can be set at $0.0002800.
For short trading, the entry price is lower than $0.0002800, and the target prices are $0.0002780 and $0.0002750, respectively, and the stop loss price is $0.0003080.
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"Bitcoin prices may fall, $15 billion sell-off threatens the market" ⚠️⚠️⚠️
September could be a turbulent month for cryptocurrencies as Mt. Gox and the U.S. government prepare to inject $15 billion in Bitcoin selling pressure. 🚨
The U.S. holds more than 203,000 bitcoins (about $12.1 billion), and Mt. Gox plans to issue 46,000 bitcoins (about $2.7 billion). This massive influx could push down bitcoin prices, making September potentially the slowest month for cryptocurrencies in 2024.