Bearish Signal#1- Gold Breakout
In 2019, when gold was breaking out again, Bitcoin hit its highs.
This pattern repeats itself in March 2024.
Will the market cool off for 6-9 months until 2025?
Success is not based on luck, choice is greater than hard work, and the circle determines destiny only by strength and value! When the market is good in the cryptocurrency circle, you can make money no matter how you play, but you must know clearly that the market will not always be good in the cryptocurrency circle! ! ! When to buy and when to sell in the cryptocurrency circle, this is what is important! Follow me and don’t get lost, more information articles are in my Zhuye

After nearly four years of battling the U.S. Securities and Exchange Commission (SEC), blockchain payments company Ripple Labs has finally received much-needed clarity from the court regarding its XRP sales.

On Wednesday, U.S. District Judge Analisa Torres concluded that the SEC’s motion for remediation and motion for final judgment were granted and partially denied.
As a result, the court imposed a civil penalty of $125,035,150 on Ripple and ordered the company to cease and desist from further securities law violations.

Ripple Community Celebrates
The Ripple and XRP global community expressed their delight at the final ruling in the lawsuit filed by the U.S. Securities and Exchange Commission. Moreover, the court reduced the SEC’s request by 94%, which is a major victory for the Ripple community.

Cyber ​​attacks have exploded. The number of ransomware worldwide has increased by 37.75% year-on-year, and the effective attack payload of ransomware has surged by 57.5%, setting a new record again. According to Cybersecurity Ventures, the losses caused by global cybercrime in 2024 are expected to exceed the $10 trillion mark for the first time, reaching a staggering $10.5 trillion, which means that cybercrime has become the world's third largest "economy" with an astonishing "GDP" growth rate. According to Le Parisien, the Grand Palais, the venue for the 2024 Olympic Games in Paris, and dozens of museums and shops in France were attacked by cyberattacks, and hackers demanded a ransom in cryptocurrency.

The cryptocurrency market has seen significant volatility in recent days, with Dogecoin [DOGE] also seeing considerable volatility.
DOGE’s value has plummeted by approximately 25% over the past week, falling to a low of $0.082. The drop reflects challenges facing the entire cryptocurrency market.
However, a significant change has occurred and Dogecoin is showing signs of recovery. The meme-inspired cryptocurrency has gained 10% as of latest data and is currently trading at $0.092.
Has Dogecoin hit bottom?
Kaleo, an authority in the cryptocurrency analysis community, recently shared insights suggesting that Dogecoin’s doldrums may be coming to an end.

Shiba Inu (SHIB) has achieved tremendous success in its four-year history. Just one year after its debut, SHIB hit an all-time high of $0.00008616, a multi-million dollar gain from 2020 price levels. Since reaching its peak in 2021, SHIB’s price has struggled to regain the same momentum, falling more than 77% from its all-time high.
According to analysts at Finder, SHIB will only rise to $0.000025 by 2025, which is about 27.5% higher than its current level. The platform also predicts that SHIB will reach $0.000045 in 2030, which is 129.5% higher than its current level. These figures may disappoint many SHIB fans and investors, as the asset's historical gains are far greater than this.

As the memecoin’s bull run slowly gathers pace, Neiro Ethereum is rising, signaling a possible breakout rally this week that could see it touch $0.50.
Dubbed by analysts as the Shiba Inu and Dogecoin of this bull run, NEIRO Ethereum is making the news, especially with Ethereum founder Vitalik Buterin’s recent involvement. However, the bear market on August 5 and Buterin’s massive selling of holdings caused NEIRO to enter a correction phase.
Nonetheless, as the market recovers, bullish momentum will return, and the strong and growing NEIRO community expects a new rally this week. Will NEIRO’s bull run lead to a surge in price to $0.50?

Dogecoin open interest drops 24%
According to Coinglass, Dogecoin’s open interest has fallen 24% in the last week alone. This data is from July 18, when open interest reached $707 million, and by August, the total open interest was worth $420 million.

The decline in Dogecoin open interest came after the cryptocurrency market crash, which ultimately caused the price of Dogecoin to drop below $0.09 on Monday. This shows a significant decrease in the number of open interest, indicating a decrease in interest.

This is not the lowest level of Dogecoin open interest this year. However, it is interesting given the current market conditions. For example, the price of Dogecoin has erased most of its gains from last year, pushing it back to lows last seen in February 2024.

Leading cryptocurrency analyst Altcoin Sherpa warns that three altcoins on the watchlist, Sui (SUI), Near (NEAR), and League of Artificial Superintelligence (FET), are in a clear downtrend. Although the analyst believes that the altcoins in question are in a bear market, they are positive in the long run.
SUI issues warnings for NEAR and FET

Anonymous cryptocurrency analyst Altcoin Sherpa claimed to his followers on the social media platform X that SUI, NEAR, and FET are trading in a bear market. The analyst said that altcoins are in a difficult market condition and with developments such as the unstable situation of Bitcoin (BTC) and the unlocking of SUI supply, these altcoins are in a catastrophic situation.

With the strong return of whales, Shiba Inu (SHIB)'s large transaction volume will explode by 588%

In less than 48 hours, amidst the chaos, extreme fear, greed, and uncertainty in the cryptocurrency market, the price of Shiba Inu (SHIB) fell 23% and rose 28%. As a result, the quote for this popular meme-inspired cryptocurrency reached $0.000011 – a level not seen since March this year. One thing is for sure, buyers appreciated this price for SHIB, as shown by the long wick on the Shiba Inu chart.

The price of Shiba Inu (SHIB) has recently experienced an alarming decline, falling nearly 20% over the past week, from around $0.00017 to its current trading price of $0.00001339. Considering the timeline, this drop is huge, as SHIB hit the $0.00002 level before the decline began in mid-July.
The sharp price drop has sparked significant concerns among investors about the future direction of the cryptocurrency, as the meme coin fell to a five-month low of $0.00001088 in the past 24 hours.
SHIB’s price action reflects the overall bearish trend in the cryptocurrency market, which is characterized by widespread liquidations and general negative sentiment. The meme coin has broken through key support levels, confirming the downward price trend. Since its peak earlier this year, SHIB has fallen sharply by nearly 70%, highlighting the severity of the economic downturn.

Despite yesterday’s massive slide in the cryptocurrency markets, Shiba Inu (SHIB) has managed to avoid adding another leading zero to its price.
August 5, 2024 is a day that cryptocurrency investors will not forget as the market suffered one of the worst crashes since the FTX debacle.
SHIB rebounded quickly after approaching zero
Notably, different cryptocurrency sectors, including the memecoin market, experienced a devastating crash. In particular, Shiba Inu, the second-ranked memecoin by valuation, saw double-digit losses.

The price of Shiba Inu plunged more than 20% yesterday to a 24-hour low of $0.00001087, according to CoinMarketCap. The popular memecoin is just a few steps away from adding another leading zero to its price as support at $0.00001 is about to break down.

Last weekend, the July non-farm payrolls data from the United States came out, and the results were much worse than expected, and the unemployment rate unexpectedly rose. This made people begin to worry that the US economy might enter a recession. The market was relatively calm over the weekend, but on Monday, the Asian market saw violent fluctuations as soon as it opened. The stock markets in Japan and South Korea triggered the circuit breaker mechanism, and the price of Bitcoin also fell from nearly $60,000 at 4 a.m. to $49,000.

Generally speaking, the rise in asset prices is a slow process that needs to be done step by step, but sometimes, a sharp drop in one or two days can wipe out months or even years of gains. It is hard to say whether this short-term sharp drop in the financial market will rebound quickly like in early 2020, or continue to fall. We need to continue to observe the market's reaction and further economic data.

On August 6, with the NV23 Waffle upgrade, Filecoin price faced demand pressure of $3, and the RSI was oversold, and it was expected to receive key support to offset the correction trend.

emphasize
Filecoin is preparing to enhance its network capabilities with its latest “Waffle” upgrade, which is scheduled to roll out to the mainnet tomorrow, August 6.
FIL price retested the $3 support level, triggering a 175% rally into Q4 2023.
The 50-day EMA has been a barrier preventing FIL buyers since April 2024
Filecoin prices fell 7% to $3.2 on Monday amid a broader market correction. According to Coin Glass, total liquidations in the cryptocurrency market were around $1.23 billion in the past 24 hours. Although supply pressure eased slightly during the U.S. market session, bearish sentiment for most major tokens persisted.

Recently, Dogecoin Core is expected to undergo another major upgrade, which is crucial to the health of the network. This upgrade will introduce some major fixes, the most important of which is to increase trust in the system and not allow malicious code or entities to take over the network.
Protecting Dogecoin Core
Recently, developer @chromatic_x on X (formerly Twitter) announced on the social media platform that an upgrade to Dogecoin Core is coming soon. This upgrade is called Dogecoin Core 1.14.8 and it will improve the security of the network when used.
Dogecoin developers say the upgrade is important because it is impossible to audit every line of code, especially by one person. This means that network users, like other networks, must trust others when using the network. But how can this trust not harm users?

In fact, the cryptocurrency market is a market that is very easy to give people illusions. Its biggest deception is that even if a person knows nothing, in this market, every transaction has at least a 50% chance of winning. Because of this, everyone in this market, even if they know nothing, often thinks that they should be the one who makes money! (I call it "mysterious self-confidence") If you don't believe it, you can observe it for a while: in all industries, professionalism is required, even if you are a farmer, you need certain professional knowledge, and only in the cryptocurrency market, there are the most part-time workers and amateur players!