icryptobob

The Bitcoin (BTC) market has witnessed a 2.13% decline in the past 24 hours, signaling a bearish sentiment prevailing in the short term.

Looking at the hourly chart, BTC/USD appears more bearish than bullish, struggling to maintain momentum above the critical $63,000 level. Despite an initial attempt to break through, the price failed to sustain, resulting in a downward trajectory.
Should the current trend persist until the end of the day, the likelihood of a support test in the upcoming sessions remains high.

A similar downtrend is observed on the daily timeframe, with the potential for further decline if the closing bar falls below the key support level of $63,136. In such a scenario, a continuation towards the $62,000 area becomes imminent.

In terms of midterm outlook, there are no discernible reversal signals yet, suggesting it may be premature to anticipate a bullish reversal. Furthermore, a breach of the $60,000 zone by buyers could trigger a significant downward movement towards the $55,000 zone, fueled by accumulated selling pressure.
As of press time, Bitcoin is trading at $62,979, reflecting the ongoing bearish sentiment in the market. Traders and investors are advised to exercise caution and closely monitor price movements for potential trading opportunities amidst the prevailing market conditions.

#cryptonews #Bitcoin❗️ #icryptobob

📈 Polkadot (DOT) is consolidating gains above the $7.40 zone against the US Dollar. It could start another increase if it clears the $7.70 resistance. 🚀

- DOT gained pace and tested the $7.70 resistance level.
- The price is trading above the $7.20 zone and the 100-hourly simple moving average. 📊
- There’s a key bullish trend line forming with support at $7.40 on the hourly chart of the DOT/USD pair (data from Kraken).
- The pair could continue to rise if it stays above the $7.20 support.
Polkadot Price Holds Support 💪
After forming a base above $6.80, DOT started a decent increase. It broke many hurdles near $7.20 and spiked above $7.65, forming a high at $7.69. The price is now consolidating gains, similar to Ethereum and Bitcoin.
There was a move below the $7.50 support zone, dipping under the 23.6% Fib retracement level of the upward move from the $6.91 low to the $7.69 high.
DOT is trading above $7.20 and the 100 SMA (4 hours). There’s a bullish trend line with support at $7.40 on the hourly chart. Immediate resistance is near $7.70.
The next major resistance is near $7.80. A break above $7.80 could spark a strong rally toward $8.20 in the near term. The next major resistance is seen near the $8.50 zone. 🎯
More Downsides in DOT?
If DOT fails to rise above $7.70, it could move down. The first key support is near $7.40 and the trend line.
The next major support is near $7.30 and the 100 SMA (4 hours) or the 50% Fib retracement level of the upward move from $6.91 to $7.69, below which the price might decline to $7.00. More losses could open the doors for a move toward $6.90 or $6.80.

Technical Indicators 📉
- Hourly MACD – The MACD for DOT/USD is gaining momentum in the bullish zone.
- Hourly RSI – The RSI for DOT/USD is above the 50 level.
Major Support Levels – $7.40, $7.30, $7.10.
Major Resistance Levels – $7.70, $7.80, $8.20
#CryptoWatchMay2024 #dotcoin #tradingtechnique #icryptobob #CryptoNewss
@Polkadot Maxi
@Polkadot Network
$DOT

## 💵The Market for Crypto Assets and AI Will Reach $20 Trillion by 2030

The integration of artificial intelligence (AI) and crypto assets is set to redefine the economic landscape. According to Juan Leon, a senior analyst at Bitwise Asset Management, these two dynamic sectors could collectively reach a market volume of $20 trillion by 2030. This ambitious projection underscores the transformative potential that lies at the intersection of AI and blockchain technology.
### 📈 Synergy Between AI and Crypto Assets
Leon emphasizes the increasing convergence of AI and crypto assets, predicting a future where these fields will be deeply intertwined. This synergy is expected to give rise to innovative high-tech products and services, driving significant market growth. For instance, collaborations between AI startups and Bitcoin miners are already showcasing the potential of combining these cutting-edge technologies.
### 🔗 Key Drivers of Growth
Several factors contribute to this anticipated market expansion:
1. Innovation in AI Applications: AI's capabilities in data analysis, predictive modeling, and automation are being leveraged to optimize blockchain operations and enhance security protocols.

2. Blockchain Advancements: The evolution of blockchain technology is creating more efficient, transparent, and secure systems for managing digital assets.

3. Investment and Adoption: Increased investment from institutional and retail investors, along with broader adoption of AI and blockchain technologies in various industries, is propelling market growth.
### 💡 Case Study: AI and Bitcoin Mining
One notable example of the convergence between AI and crypto is the partnership between AI firms and Bitcoin mining operations. AI algorithms are used to optimize the efficiency of mining hardware, predict market trends, and enhance energy management. This collaboration not only boosts profitability but also contributes to the sustainability of mining practices.
### 🌐 Future Outlook
The integration of AI and crypto assets is still in its early stages, but the potential is vast. As technological advancements continue to unfold, the market is poised for exponential growth. Companies that can effectively harness the combined power of AI and blockchain technology will be at the forefront of this revolution, driving innovation and creating unprecedented value.
### 📊 Trade Crypto and Earn Bonuses on Bybit
For those looking to engage in the burgeoning crypto market, platforms like Bybit offer opportunities to trade cryptocurrencies and earn bonuses. By leveraging the latest in trading technology and providing robust security measures, Bybit enables users to capitalize on the dynamic and rapidly growing crypto landscape.
In conclusion, the fusion of AI and crypto assets is set to shape the future of the global economy. As these technologies continue to evolve and integrate, they will unlock new opportunities and drive the market toward the $20 trillion mark by 2030.
#CryptoNewss #icryptobob #AiNarratives

🦐📈 Shiba Inu (SHIB) Token Holder Swaps $23,000 Into Mollars ICO — DCA’ing, King Shrimp Passed Whales 🚀🌊

In the realm of crypto, one particular shrimp, aptly dubbed the King Shrimp, previously monitored by Crypto.News, has significantly bolstered their holdings in the Mollars token presale 'bag.' Through frequent purchases or dollar-cost averaging (DCA) into the presale, this trader's consistent acquisitions have catapulted them into what's believed to be the foremost holder of Ethereum blockchain's forthcoming store-of-value token.
📈 Investor's Successful Track Record with Memecoins
Evidence suggests that this trader possesses a knack for memecoin ICO investing, as transactions involving Shiba Inu (SHIB), Volt Inu (VOLT), and Robo Inu (ROBO) tokens indicate. While acquisitions of Mollars overshadow all other investments this year, this holder is purportedly a significant figure within the Shiba Inu token community, perhaps hailing from SHIB's golden era.
💼 Noteworthy Investment Strategy
While the individual purchases by this 'King Shrimp' may not individually rank as the largest, their cumulative effect is substantial. The 12 acquisitions made in the Mollars token presale amount to a total value of approximately $23,080.73 at the time of writing, translating to an estimated 57,700 Mollars tokens.
🔍 Forecasted Profits and Projected Growth
With Mollars tokens set to debut on Bitmart and LBank around June 1st, and a projected listing day price of $0.62 per token, this 'King Shrimp' stands to see their investment surge to $35,775.09 on June 2nd if the hard cap is met. Forecasts even suggest that Mollars could potentially reach ~$15 before year-end, signaling a promising future for investors.
💰 Strategic Shifts and Forward-Looking Expectations
The migration of funds from Shiba Inu to Mollars by the 'King Shrimp' hints at higher growth expectations for the $MOLLARS token compared to SHIB in 2024. With the Mollars token presale already raising $1.31 million, this investor's $23,000 allocation positions them as a prominent figure in the pre-listing landscape.
📊 Conclusion
As Shiba Inu token holders grapple with modest gains, the emergence of Mollars as a potential contender in the crypto space signals a paradigm shift. With investors like the 'King Shrimp' leading the charge, Mollars could potentially yield far greater returns than its predecessors, ushering in a new era of value in the crypto market.
$SHIB

#Shibalnu #Memecoins #icryptobob

In an electrifying turn of events, the cryptocurrency market witnessed a formidable surge propelled by the release of softer-than-expected U.S. inflation data. Bitcoin (BTC) took center stage, breaching the $66,000 mark for the first time since April 24, registering an impressive 7% surge within a 24-hour period. Meanwhile, Ether (ETH) hovered close to the $3,000 threshold, albeit trailing with a modest 4% gain.
Market Dynamics:
Solana (SOL) and NEAR Protocol (NEAR) emerged as frontrunners among major cryptocurrencies, logging remarkable gains of 8% and 12%, respectively. The broader market, as represented by the CoinDesk 20 Index (CD20), also rallied, showcasing a robust 6% increase.
Impact of U.S. Inflation Data:
This exhilarating rally coincided with the unveiling of April's U.S. Consumer Price Index (CPI) figures, which exhibited a slight dip compared to March, accompanied by a relatively subdued retail sales report. Investors breathed a collective sigh of relief, interpreting the data as a bullish signal amidst concerns of resurgent inflation and a burgeoning economy, potentially nudging the Federal Reserve towards reconsidering its dovish stance and contemplating interest rate hikes.
Expert Analysis:
Bitfinex analysts hailed the decline in CPI as a "bullish regime shift," marking the first contraction in inflation over the past three months. Coupled with the Federal Reserve's earlier announcement regarding the intention to taper the central bank's balance sheet run-off, this development was perceived as favorable for risk assets.

Market Response:
In tandem with the buoyant sentiment in the crypto space, traditional markets witnessed a surge, with the S&P 500 index surging by over 1% to achieve a new all-time high, underscoring a resurgence in risk appetite.
Technical Analysis:
The surge in Bitcoin prices also signaled a breakout from a persistent downtrend that had previously capped prices in recent weeks, according to analysts at Swissblock. Describing it as a long-awaited move, Swissblock emphasized the significance of today's events, attributing the breakthrough to the CPI and retail sales data.
Future Outlook:
With the path cleared for BTC to potentially rally to $69,000 initially and potentially target new all-time highs around the $84,000 mark, the report suggested that altcoins would likely follow suit with a strong surge during the next leg up. 📈🔥
#icryptobob #ETFvsBTC #CryptoWatchMay2024
$BTC

📈💥 على مدار الـ 24 ساعة الماضية، ارتفعت قيمة البيتكوين (BTC) إلى 66000 دولار، مسجلة زيادة مذهلة بنسبة 7% في غضون يوم واحد. هذا الارتفاع الهائل في القيمة مدفوع بتضافر عوامل الاقتصاد الكلي، ولا سيما أحدث بيانات التضخم في الولايات المتحدة.
ارتفاع سعر البيتكوين وسط انخفاض التضخم الأساسي في الولايات المتحدة
تشير البيانات الأخيرة الصادرة عن مؤشر أسعار المستهلك في الولايات المتحدة إلى انخفاض التضخم الأساسي إلى أدنى مستوى له في ثلاث سنوات عند 3.4%. وقد أدى هذا الانخفاض إلى إشعال نشاط كبير في سوق البيتكوين، مما جذب اهتمامًا كبيرًا من المؤسسات المالية العالمية الكبرى. يشير الارتباط الملحوظ بين انخفاض التضخم وزيادة الاستثمار في الأصول الرقمية إلى أن المستثمرين ينظرون إلى البيتكوين كوسيلة للتحوط ضد عدم اليقين الاقتصادي.

As Ethereum (ETH) continues its volatile journey in the cryptocurrency market, investors are closely monitoring its price movements, particularly in relation to critical support and resistance levels. With recent bearish momentum, questions arise: Can bears take over, or will bulls reclaim control?
Ethereum's recent trajectory reflects a downward trend, with the price dipping below the crucial $2,920 mark, a level that has historically been significant for market sentiment. At the time of writing, ETH finds itself trading below $2,950 and the 100-hourly Simple Moving Average, indicating a bearish stance.
A notable development is the formation of a connecting bearish trend line, with resistance emerging around the $3,050 mark on the hourly chart of ETH/USD, according to data sourced from Kraken. This trend line, coupled with resistance at $3,085 and the 100-hourly SMA, poses a formidable barrier for potential upward movements.

Despite a minor uptick above $2,900, Ethereum faces staunch resistance near $2,950 and $2,965. However, breaching these levels could pave the way for a potential climb towards $3,150, followed by $3,250 and $3,350 resistance zones. Such a scenario would likely reignite bullish momentum and instill optimism among investors.
Conversely, failure to surpass the $3,050 resistance may lead to further downward pressure. Immediate support lies around $2,850, with a critical level at $2,820. A breach below $2,820 could trigger a downward spiral towards $2,650 and potentially $2,540 in the near term.
Technical indicators paint a cautious picture, with the hourly MACD showing increasing bearish momentum and the hourly RSI dipping below the 50 level, signaling a potential continuation of downward pressure.
As investors navigate these turbulent waters, it's essential to exercise caution and conduct thorough research before making investment decisions. While Ethereum's price movements offer opportunities, they also carry inherent risks. Therefore, prudent risk management and informed decision-making are paramount in navigating the dynamic cryptocurrency landscape
#BTC #CryptoNews🚀🔥 #icryptobob

📈💰 Ethereum is on the cusp of a potential breakthrough above the $2,900 threshold, with further upward momentum hinging on its ability to surmount key resistance barriers at $2,940 and $2,950.
🔍 Ethereum has solidified its support foundation above the $2,860 mark, signaling a potential reversal in its bullish trajectory.
📉 However, the current price action finds Ethereum trading below the $2,950 level and the 100-hourly Simple Moving Average, indicating the presence of notable resistance levels.
📉 An evident bearish trend line is emerging, posing a hurdle near the $2,905 mark on the hourly chart of ETH/USD (data sourced via Kraken).

📈👀 Ethereum Price Analysis:
Ethereum encountered obstacles in the vicinity of $3,000 and underwent a corrective downturn, mirroring the movement of Bitcoin. The ETH price retreated below critical support thresholds at $2,950 and $2,940.
💪 Nonetheless, buyers intervened near the $2,860 support zone, thwarting further downward pressure. The price found support and is presently consolidating losses, inching upward past the $2,885 level.
🎯 Immediate resistance looms at $2,950, a breakout above which could propel Ethereum towards the pivotal $3,000 mark. Beyond $3,000, subsequent resistance levels to monitor include $3,050 and $3,150.
📉🔜 Conversely, failure to breach the $2,925 resistance barrier could trigger a resumption of downward momentum. Initial support is situated at $2,880, followed by major support zones near $2,860 and $2,810.
💼💼 Technical Analysis:
Hourly MACD: The MACD indicator for ETH/USD is displaying indications of a waning bearish trend.
Hourly RSI: The Relative Strength Index (RSI) for ETH/USD has dipped below the 50 level, suggesting a slight tilt towards bearish sentiment.
📊📉 Key Levels:
Major Support Level: $2,860
Major Resistance Level: $2,925
💡 In summary, Ethereum is currently consolidating losses above the $2,860 support zone, with the potential for a breakout looming should it overcome resistance levels at $2,940 and $2,950. However, a failure to surpass these barriers could usher in renewed downward pressure towards $2,800 and $2,700 levels in the short term. Market participants are advised to closely monitor these critical levels for potential trading opportunities.
#ETHETFS #icryptobob #EthereumPower
$ETH

The Open Network (TON) has recently faced significant challenges, experiencing its second outage in just two days. The blockchain, which has been under heavy load from DOGS memecoin transactions, is now back online and operating normally.
🔍 The Incident:
TON reported that the disruption began at 19:19 UTC, with block production issues caused by an overwhelming amount of transactions related to DOGS token minting. This heavy load led to a temporary suspension of the network.
In response, TON developers quickly mobilized, calling on mainnet validators to update and restart their nodes. By 1:30 a.m. UTC, the TON Community channel on Telegram announced that the issue had been resolved and the network was back up.
This wasn't the first time TON faced such a challenge. On Tuesday, the network experienced a six-hour outage, also attributed to an "abnormal" surge in transactions from the DOGS memecoin, which had just held its airdrop event.
🎯 Impact on Validators:
An X user known as "maverickqe," who identifies as a strategic advisor to the TON Society, explained that during the first outage, validators lost consensus due to the prolonged network overload. This highlights the impact of high transaction volumes on network stability, especially in decentralized systems like TON.
🐕 The DOGS Memecoin Frenzy:
The DOGS memecoin has captured the attention of the crypto community, particularly due to its deep integration with the Telegram ecosystem. The airdrop event, which launched on Monday, saw 81.5% of the fixed supply of 550 billion tokens distributed to community members. According to DOGS, six million verified users requested the airdrop—a testament to its popularity.
💡 What’s Next for TON?
Despite the recent challenges, TON’s native token, Toncoin, showed resilience, rising 4.64% in the past 24 hours to trade at $5.59. As the blockchain continues to navigate these high transaction volumes, the community will be closely watching for any further developments or improvements in network stability.
Meanwhile, in a surprising twist, Telegram founder and CEO Pavel Durov was indicted by a French court on Wednesday, just hours after being released from police custody. The investigation relates to allegations that Telegram’s cryptography tools facilitated illegal activities, including money laundering and drug trafficking.
📰 Stay Informed:
As TON continues to evolve, it’s crucial to stay updated on the latest developments. Whether you’re a developer, investor, or just a curious observer, these events highlight the dynamic and sometimes unpredictable nature of the blockchain space.
For more insights and updates on the digital asset ecosystem, make sure to follow our feed and subscribe to our newsletters.
#icryptobob #CryptoNewss #tonecoin

1. سولانا (SOL):
حوت سولانا FUD لن يختفي لقد ارتبط سولانا منذ فترة طويلة بنقل الحيتان كميات كبيرة من SOL داخل وخارج التبادلات. والجدير بالذكر أن المستثمرين وتجار التجزئة لا يعرفون متى سيحدث الإغراق الكبير التالي. أدى هذا بشكل عام إلى إبقاء Solana على حافة الهاوية لأن HODLers لا يريدون الوقوع في هذا المزيج. وفقًا للبيانات الحديثة الصادرة عن مزود تحليلات العملات المشفرة Whale Alert، قام حوت غير معروف من نوع Solana بنقل 260,931 SOL تبلغ قيمتها حوالي 40,502,770 دولارًا أمريكيًا من محفظة غير معروفة إلى Kraken Exchange. غالبًا ما يشير هذا النوع من حركة الحيتان إلى عمليات بيع مكثفة. 🐋💼