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$STRK looks strong today, firmly holding the 1.2$ level. Once it initiates its upward climb, the next target will be 2.65$. If it loses momentum, 1.08$ will provide the next support. hopeful for $BTC to stay bullish in the meantime. It has given 80% profits in the last rally. #ETHETFsApproved #StartInvestingInCrypto

$STRK looks strong today, firmly holding the 1.2$ level. Once it initiates its upward climb, the next target will be 2.65$. If it loses momentum, 1.08$ will provide the next support. hopeful for $BTC to stay bullish in the meantime.

It has given 80% profits in the last rally. #ETHETFsApproved #StartInvestingInCrypto

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Warren is calling on the Federal Reserve to lower interest rates, a move that could have a significant benefit for the crypto market. In an unexpected development, Senator Elizabeth Warren called on the Federal Reserve to reconsider its current interest rate policy. In a letter to Fed Chair #JeromePowell , Warren noted that the current 5.5% rate not only slows the economy but also contributes to persistent inflation levels running above 3%. This call was also signed by Senator Jacky Rosen. The letter details that higher interest rates increase costs in key sectors such as home and auto insurance, which contribute greatly to the overall inflation rate. Citing a report from Bankcreek Capital Advisors, he argues that lowering interest rates would ease financial pressure on Americans and reduce their basic monthly expenses, especially housing costs. This would be in line with other major economies that have recently lowered interest rates, such as the United States, Canada and the European Union. Additionally, they have lowered their rates in countries such as Sweden, Switzerland, Hungary and the Czech Republic. As the Federal Reserve prepares for its upcoming interest rate decision, the crypto community is watching carefully. Traditionally, the Fed has indicated its intention to maintain high rates for an extended period of time. Following its last meeting, the Fed said it would not consider a rate cut unless there was more consistent evidence that inflation was moving more steadily toward the desired 2% level. However, recent job growth and low unemployment rates provide a rationale for the Fed to maintain current rates. According to CME FedWatch, the market is 99% certain that there will be no change in rates at the June meeting. Interest rate cut speculations are shifting to later periods of the year, probably in September or November. #Binance200M #TopCoinsJune2024 #BTC #bitcoin
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An astounding 70,000% increase in the burn rate of Shiba Inus (SHIBs): Is It Going to Set Off That Much-Delayed Price Explosion? Surprisingly, the Shiba Inu (SHIB) burn rate has seen a 'astronomical' spike, increasing by more than 68,000% in only one day. The cryptocurrency world is quite interested in this increase since it was recorded by Shibburn, a website that tracks the burning of SHIB tokens. The most recent statistics from Shibburn show that the Shiba Inu community as a whole has been responsible for a dramatic increase in SHIB burns. An astounding 68,316% increase in the burn rate occurred yesterday, when seven wallet addresses burned 7.6 million SHIB tokens. Particularly noteworthy were three transactions originating from these addresses; one wallet, '0x60,' burned around 4.3 million SHIB. This wallet, which processed the biggest single transaction, also had another massive burn, increasing its day total to be over 5 million Shiba Inu. Notably, the second wallet, '0xc6,' also burned 1.5 million SHIB tokens barely an hour earlier, although a lesser quantity than the first. The total amount of Shiba Inu withdrawn from circulation has reached about 410.7 trillion due to the significant rise of burnt tokens; the current circulating supply is 589.2 trillion. There will be little short-term impact on the market price of Shiba Inus, but the long-term goal is to increase prices owing to scarcity caused by their persistent removal from circulation. Market price for SHIB has not kept pace with the excitement in burn metrics, even though there has been a lot of burn activity. The price of SHIB has dropped 0.5% in the last 24 hours, reaching $0.00002325. This decline is a continuation of the general trend of declining prices; SHIB has dropped almost 6% in the last week. The chief social media marketer for the SHIB team, Lucie, discussed the possibility of a SHIB-based exchange-traded fund (ETF) on Elon Musk's X platform earlier today, amid these market actions.#TopCoinsJune2024 #bitcoin #shiba⚡
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