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Ripple, Ethereum, Bitcoin: Bitcoin struggles at $64,000 Bitcoin price faces daily resistance at $64,000. Ethereum price crosses the $3,500 falling trendline and is rejected. Ripple price confronts daily resistance at $0.500. Bitcoin (BTC) fell 1.05% on Wednesday due to resistance at $64,000. Ethereum (ETH) and Ripple (XRP) also face resistance, falling 1% and 0.5%. Bitcoin price challenges $64,000. Bitcoin fell 1.05% to $61,488 on Wednesday after the daily resistance level at $63,956 rejected it on Monday. BTC might increase 5% to retest its weekly barrier at $67,147 if it breaks $63,956 daily resistance. BTC may advance 6% to retest weekly resistance at $71,280 if bulls are active and the crypto market is upbeat. If BTC closes below $58,375 and makes a lower daily low, negative sentiment may prevail. Bitcoin's price may drop 3% to $56,522, its May 1 low. Descending trendline rejects Ethereum price. Ethereum fell 1% to $3,386 on Wednesday after the declining trendline rejected it on Monday. Joining numerous swing highs from June 9 to July 1 forms this declining trendline. If ETH breaks over the $3,500 falling trendline, it might advance 5.5% to $3,717, its June 9 high. If ETH closes over $3,717, its June 9 high, it might rise 7% to $3,977, its prior resistance level. However, Ethereum's daily candlestick closing below $3,240 would generate a lower bottom and shatter the market structure. This would contradict the bullish argument, perhaps causing a 12% drop below $2,862 support. Ripple struggles at $0.50. Ripple trades at $0.483, below $0.50 daily resistance.Ripple's price might gain 7% to $0.532, its June 5 high, if it breaks $0.50. If the XRP daily candlestick finishes above $0.532, it might surge 9% to $0.581, a 50% price retracement level between $0.419 and $0.744 from March 11 to April 13. If the Ripple price daily candlestick finishes below $0.450, the June 7 low, the optimistic outlook would be dashed. XRP's price might drop 7% to $0.419, the April 13 low. #BTC #ETH #XRP $BTC $ETH
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Crypto Analyst Predicts Dogecoin Price Breakout at 404%, Target Following crypto researcher analysis, Dogecoin (DOGE) may see a big price breakout. The expert claimed this significant shift for the leading meme currency might come sooner than expected. Dogecoin to soar 404% Marks stated in an X post that Dogecoin may rise over 404% to $0.6533, its breakthrough objective. He said this move may be loading, implying it was soon. He said this next move higher “may be a matter of time, and prices could be preparing here for a break above.” Dogecoin's advance above $0.6533 will represent an annual high and may signal the start of a long-overdue rally for the leading meme currency, considering its underwhelming performance this year. Despite achieving the $0.6533 price objective, Marks said Dogecoin might make additional parabolic leaps to the upside. The expert anticipated Dogecoin will reach $17 in this bull run. DOGE's history shows that it always tops its prior bull run in each market cycle, thus he predicted this. This bull run is expected to see a greater price increase for meme currency than the 22,800% gain in 2021. Crypto expert Big Mike predicted when Dogecoin will reach $0.6. According to the analyst's chart, the top meme currency will reach that price target by year-end. The Elliot Wave Theory predicted that Dogecoin would hit $1 by September 2025, according to Big Mike. Recently, crypto expert Trader Tardigrade predicted Dogecoin's short-term growth. Despite its June decrease, the meme coin's chart showed it rising to $0.15. DOGE has created an ascending triangle at the bottom of its current slump, which the analyst views as optimistic. He said the base's two double bottoms are “so bullish” for Dogecoin. Crypto analyst Kevin (previously OG Yomi) has said that his indicator has flashed a weekly buy signal for Dogecoin for the first time since $0.05. He said DOGE is two green weekly candles from its first weekly golden cross in four years. #Dogecoin #DOGE $DOGE #elonmusk #US_Inflation_Easing_Alert
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USDC Acquires MiCA Compliance; Impact on Binance Accounts USDC is now MiCA-compliant, the first major EEA-regulated stablecoin. USDC is accessible in most Binance products. Binance announced how USDC's MiCA compliance may affect users' accounts. Circle announced on July 1 that it was allowed to issue USDC as a MiCA-compliant EMT. USDC is currently the first significant EEA-regulated stablecoin. Effects on Binance accounts Binance said that USDC would remain accessible across majority of its products, including: Convert USDC may be bought and sold on Convert, as can other stablecoins. Earn USDC Subscriptions on Simple Earn, Cloud Mining, and Web3 Wallet Earn, including Auto-Subscribe, persist. VIP and Binance Loans USDC loan applications and stablecoin collateral for items are still accessible. Rewards/Commission for Referrals Most platform prizes will be converted to USDC, unless as stated in the campaign's terms and conditions. Spot and Margin referral commissions and rebates will be paid in USDC. Fiat Buy Crypto The “Buy Crypto” tab allows fiat and credit card USDC purchases. All recurring purchase plans from local fiat currencies to non-regulated stablecoins will immediately switch to USDC. Margin USDC may be sent to the Margin Wallet as margin collateral. Cross margin, Isolated Margin, and Cross margin Pro products provide USDC borrowing. P2P Trade Binance said P2P USDC trading is still active. The exchange also announced that all stablecoins would continue spot trading after July 1. Unauthorized stablecoins on Binance The crypto exchange said : Unauthorized Stablecoins are handled as previously announced. There will be no forced conversions. Binance made all the new stablecoin regulations material available last month. The exchange's Head of CEE and CIS addressed the topic at Binance Campus, ending MiCA-related delisting speculations. Binance invites users to watch for USDC promotions and product releases. #Binance #MiCA #CPIAlert #USDC $USDC
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Cardano Has MiCA-Ready Sustainability Indicators: Report The Crypto Carbon Ratings Institute (CCRI) announced Cardano blockchain sustainability metrics for an environmental evaluation required by developing Markets in Crypto-Asset (MiCA) laws. Cardano Is MiCA Ready Compared to PoW networks, Cardano's Ouroboros Proof of Stake (PoS) architecture uses less energy. The Cardano network uses 704.91 MWh annually. The paper emphasizes that typical PoW networks like Bitcoin use a lot of energy, frequently equivalent to small nations. The yearly carbon emissions for Cardano are 250.73 tons of CO2 equivalent. Carbon intensity, which quantifies emissions per kWh, is 356 grams of CO2. CCRI reports, “We find a total annualized carbon footprint of 250.73 tCO2e for the Cardano network. Carbon intensity of used power is 356 gCO2 per kWh, showing a minor but required concentration on renewable sources to lower this statistic. MiCA introduces waste generation measurements, notably for electronic trash. The Cardano network creates 8.26 tons of WEEE yearly. This leaves 51.93% unrecycled, highlighting a need for network hardware lifetime waste management improvements. MiCA laws, which took effect in June 2023, require crypto-asset service providers to declare their environmental implications. The CCRI's full Cardano report meets these standards and establishes a crypto industry standard for openness in sustainability indicators. The Cardano network has 3,147 nodes and 19,530,055 transactions per year. These operational metrics help comprehend the network's physical infrastructure and environmental load. Average node power is 25.576 watts, while network power is 80.47 kW. TPS power consumption is 0.192 W. The CCRI's analysis illuminates Cardano's environmental impact and connection with global sustainability objectives. Such reviews will help investors, regulators, and the public evaluate blockchain technology' sustainability as the crypto sector confronts growing environmental scrutiny. #MiCA #Cardano #Ada $ADA
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Despite ETH Foundation's sales, Ethereum ETFs will attract $5 billion Gemini predicts $5 billion in Ethereum ETF net inflows. Ethereum Foundation sold 2,266 ETH since January. Ethereum may drop below $3,378 for a $3.75 million liquidation. Ethereum (ETH) fell more than 1.4% on Tuesday after the Ethereum Foundation sold additional ETH. According to Gemini, ETH ETF might generate $5 billion in net inflows within six months of introduction. Gem** analysts estimated that ETH ETFs will have $13 billion to $15 billion in AUM in six months after Grayscale's Ethereum Trust conversion. An ETH ETF net inflow of $7.5 billion in six months would be a "significant upside surprise," while $3 billion would be disappointing, according to the research. Bloomberg analyst James Seyffart maintained his expectation that ETH ETFs will take 20-25% of Bitcoin ETF flows. ETH ETFs will become the second most successful ETF category after Bitcoin ETFs, he said. In May, the SEC accepted spot ETH ETF 19b-4 registrations, but issuers must submit S-1 registration statements before the products can launch in the US. Spot On Chain reported that the Ethereum Foundation begun selling ETH on Tuesday after trading 100 ETH for 343,934 DAI. This adds to the Foundation's 2,266 ETH sales for $6.56 million since January. On Tuesday, Ethereum fell more than 1% to $3,412 after failing to break $3,547 barrier. ETH rejected at $3,523, prompting $14.81 million in long liquidations, according to Coinglass. But short liquidations have slowed, representing for just 33% of ETH's 24 hour liquidation. Before recovering, ETH may hit $3.75 million liquidation pool at $3,378. This matches ETH's 4-hour chart, which indicates $3,739 as important support. Around this pricing, 3.71 million addresses bought 3.33 million ETH, according to IntoTheBlock. Zooming out, ETH must break $3,629 barrier, which it has failed to break in three weeks, to support optimistic mood about the spot ETH ETF debut. #ETH_ETFs_Approval_Predictions #ETH $ETH
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