.Today - Bitcoin, the largest cryptocurrency by market cap, returned to trade above $58,000 amid a whipsaw trading price action this week triggered by several factors.
At one point in the week, Bitcoin traded above $59,000 only to return to near $56,000, even dipping as low as $54,339 in Monday's trading session.
After two prior days of losses, Bitcoin closed Friday's trading session in green after the U.S. CPI report came out on Thursday with a core CPI gain of 3.3% versus 3.5% projected, appearing bullish for crypto.
The monthly inflation rate fell in June for the first time in almost four years, offering additional support for the Federal Reserve to begin cutting interest rates later this year.
The rebound sustained at press time with BTC up 2.15% in the last 24 hours to $58,215 after reaching intraday highs of $58,483.
BNB $BNB price is turning down again after a six-day rally that saw it hit new record highs of $725 on June 6. BNB has since fallen to an intra-day low of $635. At the time of writing, the price was hovering around $643, down 5% over the last 24 hours, according to data from CoinMarketCap. #altcoins #BnbAth #Write2Earn! #writetowin #WriteRean2👏 $BTC
🇺🇸Donald Trump Vows to Protect Bitcoin from Elizabeth Warren and Regulatory Overreach💸😍
Addressing a crowd at the Libertarian National Convention in Washington, D.C. over the weekend, Trump assured that under his leadership, the future of crypto and Bitcoin would thrive within the United States rather than being pushed overseas.
Trump pledged to protect the rights of the nation’s 50 million crypto holders to self-custody, vowing to keep prominent critics like Elizabeth Warren away from their assets. Additionally, he promised to oppose the establishment of a central bank digital currency (CBDC), marking a notable shift from his previous skepticism towards the asset class #btc70k #EarnFreeCrypto2024 #BinanceLaunchpool #BNB金铲子挖矿 #BNBToken $BTC $BNB $ETH
A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome.
Bitcoin buyers have been attempting to break through this significant resistance area for several weeks. A sudden breach above this critical juncture could trigger a notable upward movement due to a significant short-squeeze event, potentially leading to a new all-time high.
On the other hand, this pivotal juncture could also act as a barrier, leading to a period of sideways consolidation and minor retracements. In this scenario, the 100-day moving average at $64.7K will serve as a crucial support level in the mid-term #btc70k #ETHETFsApproved #EarnFreeCrypto2024 #BinanceLaunchpool #learn2earn $BTC $ETH $BNB
BNB coin price eyes to cross $700 after recent surge
Currently, the pricing of BNB has increased by 5%, reaching the figure of $614, with every probability of it hitting the $700 mark. As per crypto analysts, if BNB takes advantage of the bullish sentiment about the markets, it may even go higher.
It is being predicted that June will be extremely lucrative for BNB, thus bringing about a fresh ATH.
Initially, BNB was released as a central coin, helping boost the Binance crypto exchange. Since its inception in 2017, the coin has traversed many a meandering path. From then onwards, it has been responsible for carrying out an entire array of functions, such as assisting users in getting discounted prices on Binance during transactions through the BNB coin.
Bitcoin Price Hits $69,000; Will It Break $75,000 Soon?
Bitcoin price added another 10% upside move to the recovery this week as it jumped from $65,860 to 71,979, but consolidating in the $68.5K-$70K range since hitting the local high. The crypto market, especially altcoins, witnessed massive volatility as investors awaited the U.S. SEC’s decision on spot Ethereum ETF. #BTC☀️ #BTC突破7万大关 #btc70k #altcoins #PEPE $BTC $BNB $ETH
Binance Coin (BNB): Stability with Breakout Potential
BNB, the native coin of the Binance ecosystem, is positioned for a significant breakout above $580, driven by a bullish pennant pattern. Currently trading at around $580.59 with a market capitalization exceeding $85.6 billion, BNB’s technical indicators like the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) suggest an optimistic outlook. If BNB breaks out of this pattern, it could surpass its previous all-time high (ATH) of $661 in the coming weeks or months. On-chain metrics are favorable, hinting at a possible price increase, though overall sentiment remains mixed, with some bearish tendencies observed through Long/Short Ratio and Weighted Sentiment indicators. The BNB breakout prediction is a crucial factor for investors to watch. #BNB_Market_Update #BNBToken #BNB金铲子挖矿 #BNB挖礦 #btc70k $BNB $BTC
Binance coin live price is $ 612.81173736. In 2024, Binance continues an impressive recovery after completing months of bull run. Scaling an impressive return of 79% in 2024, the BNB price shows a massive jump as the broader market corrects. #BNB_Market_Update #BNBToken #BinanceLaunchpool #BNBPizzaDay #btc70k $BNB
$ETH BlockDAG’s dashboard innovation forecasts a $30 valuation by 2030, surpassing Ethereum and Pyth Network 💥💥💥💥💥💥💥💥💥💥 BlockDAG has introduced a pivotal update to its platform, a user-focused dashboard that offers instantaneous updates and detailed views of transaction activities. This enhancement is critical as Ethereum continues to exhibit bullish tendencies, and the Pyth Network reshapes access to data with its innovative price feeds. BlockDAG’s dashboard provides a complete snapshot of user interactions, ensuring investors have all the tools needed for effective monitoring.
The platform’s pre-sale phase has been remarkably successful, raising over $29.2 million from the sale of approximately 9.4 billion BDAG tokens. This indicates strong potential for BlockDAG to achieve a market price of $30 by 2030, potentially exceeding the growth trajectories of Ethereum and Pyth Network. #ETHETFS #etherreum #NewsAboutCrypto #btc70k #ETHERİUM