🪙 BTC reserves on centralized exchanges have reached a new yearly low — this could reduce selling pressure and serve as a catalyst for retesting $60,000. $ $BTC #BTC
1️⃣ Pavel has been placed under judicial supervision—he is prohibited from leaving France and must post a bail of €5,000,000.
2️⃣ Durov is charged with 6 offenses, including administering an online platform for the purpose of conducting illegal transactions. He faces up to 10 years in prison for this.
3️⃣ Pavel is required to report to the police twice a week.
$TON briefly dropped to $5.1, after which the coin was slightly bought back. $TON #ton #durov
🐶 DOGS did a great job. The team completed the task in a month. Now it's time for a similar project, but with CATS. The conditions are the same. Let me know how many CATS you have.
- In the last 24 hours, the price of Bitcoin sharply dropped to a 9-day low, reaching just over $58,000. - Altcoins also saw significant declines: ETH, SOL, DOGE, LINK, AVAX, SHIB, and others lost up to 8%. - Bitcoin recovered to $59,500 but is still 6% lower than yesterday. - Bitcoin's market capitalization decreased from $1.240 trillion to $1.170 trillion. - Over 90,000 traders were liquidated in the last 24 hours, resulting in losses exceeding $320 million.
🪙 Since 2021, the Ethereum Foundation has sold 239,000 ETH ($654,000,000). Historically, large transfers of coins from wallets controlled by the organization to exchanges have often coincided with local price peaks of ETH.
The most recent such transfer was recorded on August 23, when the Ethereum Foundation transferred 35,000 ETH ($94,000,000) to the Kraken exchange. #EthereumSignal $ETH
Here are three cryptocurrencies that could potentially reach record highs in August 2024 and the reasons why:
1. Bitcoin (BTC): Bitcoin has shown significant resilience and growth recently, nearly breaking its two-month high of $70,000. The approval of Bitcoin spot ETFs and the upcoming halving event are major catalysts for its potential rise. ETFs are expected to attract institutional investments, while the halving event historically leads to price surges by reducing the supply of new coins.
2. Ethereum (ETH): Ethereum's strong performance is driven by its foundational role in the blockchain ecosystem, particularly with smart contracts and decentralized applications (dApps). Recent upgrades and continued high interest from large holders (whales) are expected to push its price upwards. Predictions suggest Ethereum could reach between $4,000 and $5,500 by August 2024.
3. Toncoin (TON): Originally developed by the Telegram team, Toncoin has been growing rapidly. Recent integrations with the Telegram app, including an in-app dApp store and Web3 browser, are enhancing its ecosystem. The upcoming Hamster Kombat airdrop, expected to attract millions of new users, could also significantly boost its value.
These cryptocurrencies are gaining momentum due to technological advancements, strategic developments, and increasing market interest. However, it's crucial to conduct thorough research and consider market volatility before investing. $BTC $ETH #BTC #eth #toncoin
👀 3 Reasons for the Recent Cryptocurrency Market Decline
1. Miners' revenue decreased by 55%, forcing them to sell more BTC to cover expenses. Additionally, more BTC is being transferred from miners' wallets to exchanges, which can pressure prices and often indicates sales.
2. There are no new issuances of USDT and USDC, meaning less new funds are entering the market, which can reduce liquidity and increase price volatility.
3. The outflow of funds from spot ETFs, such as Fidelity and Grayscale, also contributes, creating selling pressure on BTC. $BTC $ETH $BNB