Marcos crypto

Crypto analysts use it to gauge the health of the cryptocurrency market and to check the rate of capital inflow or outflow per time.

Data from the cryptocurrency aggregation platform, CoinGecko shows the total crypto market cap reached a yearly high of $1.34 trillion in the middle of April 2023.

The total crypto market capitalization measures the cumulative value of all circulating cryptocurrencies.

Bitcoin will reach $180,000 by December 2023 following historical price cycles, TechDev predicts.

On May 24, Twitter boss Elon Musk joined DeSantis and around 520,000 live listeners in the Twitter broadcast of his announcement, which was moderated by venture capitalist David Sacks.

Ron DeSantis, the current governor of Florida, has officially thrown his hat in the 2024 United States presidential ring and has notably promised to “protect” Bitcoin (BTC) if he gets the job.

If bulls break over the $8.37 barrier level, the next resistance level might be $8.50. However, if the bears seize control, the $8.20 support level may come into play.

During the rally, APT’s market capitalization and 24-hour trading volume increased by 2.71% and 11.22%, respectively, to $1,647,338,621 and $69,574,379.

Despite a minor setback that dropped the price to $8.04, Aptos’s (APT) positive momentum has remained in charge in the previous 24 hours. During the bull run, the APT price reached a 24-hour high of $8.37 before collapsing. As of this writing, bullish momentum remained intact, resulting in a 2.72 percent increase to $8.34.

The XRP sales to Ripple’s ODL customers will also determine the fate of its status as a security.

Crypto lawyer Jesse Hynes believes that the judge overseeing the Securities and Exchange Commission’s lawsuit against Ripple may rule XRP as a non-security digital asset if a clear distinction is made between XRP’s early sales and how it is currently sold. Such a ruling would also be contingent on whether the court decides to investigate XRP’s status as a security.

Legal experts on Twitter believe that the judge overseeing SEC v Ripple may rule that XRP is not a security.

Technical indicators on the altcoin’s 4-hour chart suggested that bulls still had the upper hand against bears, as the RSI line was steeply sloped toward the overbought territory. Furthermore, the RSI line had recently crossed bullishly above the RSI SMA line. The margin between the 9 and 20 EMA lines on the 4-hour chart was also narrowing, which was another bullish sign.

If ADA’s price is able to close a 4-hour candle above the 9 and 20 EMA lines before the end of today’s trading session, then it will likely flip $0.3697 into support in the next 24-48 hours. On the other hand, ADA’s price dropping back below $0.3613 during today’s trading session will result in ADA’s price dropping back down to retest the $0.3562 support level.

Not only did they successfully keep ADA’s price above $0.3562, they were also able to give it a much-needed boost – allowing it to flip $0.3613 back into support earlier today. At press time, ADA’s price was trading between the 9 EMA and 20 EMA lines on its 4-hour chart, as bulls continued to fend off ADA bears.

According to a tweet, the SEC and Ripple Labs have filed a “Joint Letter for one week extension, until June 13, 2023, to file public, [redacted] versions of cross-motions for summary judgment and accompanying exhibits, which includes the Hinman materials.”

On May 19, James Filan, a defense attorney and ex-federal prosecutor who has been closely monitoring the Securities and Exchange Commission (SEC) vs. Ripple case for the past few years, shared an update regarding the potential unsealing of the Hinman documents for public access.

The RSI indicator on INJ’s chart suggested that the bullish move over the last 24 hours had lost momentum, as the RSI line had formed a peak and was negatively sloped towards oversold territory. Should there be a pullback in the crypto’s price, it will likely result in INJ’s price dropping to $6.791 in the next 24 hours.

An early indication of the potential pullback will be when INJ’s price drops below the 9 EMA line. Conversely, the altcoin’s price remaining above the 9 EMA line for the duration of today’s trading session will invalidate the bearish thesis. This may lead to it climbing to $7.352 in the following 24-48 hours.

The Chaikin Money Flow indicator, which has a rating of -0.23, indicates that RNDR’s bullish momentum is fading. This move into negative territory indicates that RNDR’s capital outflow is growing, which might soon lead to a bearish trend.