The market is swallowing your assets please don't listen to anyone now as
1. Buying the Dip? A Fool’s Trap!
Anyone telling you to "buy the dip" is either lying or delusional. The market is full of junk projects, and traders have been wiped out. Greed has cursed everyone, leaving them in pain and deep losses.
2. The Brutal Decline: My Portfolio’s Fall from $32K to $15K
The numbers speak for themselves. A once-strong spot portfolio has been shredded, exposing the brutal reality of this relentless bear market.
3. The Myth of a Bull Run – It Died in 2021
Since the 2021 peak, there has been no real bull run—just temporary pumps driven by hype and manipulation. The January 2024 BTC rally? Fueled by ETF approval. Later gains? Manufactured by election narratives and market makers.
4. Who Really Profits? The CEX, DEX & Whale Cartel
While investors and traders bleed, centralized (CEX) and decentralized (DEX) exchanges, along with market-moving whales, pocket billions. The system is rigged against the average holder.
5. Influencers Are Wolves in Sheep’s Clothing
If anyone tells you to buy the dip, send them straight to hell. These so-called experts are deliberately misleading people, trapping them in deeper losses. The Illusion of Hope: ETF & Election Hype vs. Trader’s Hell
The BTC ETF approval in early 2024 and the pro-crypto U.S. election narrative temporarily pushed the market higher, creating false hope. But this wasn’t a true recovery—it was just another trap set by market makers. While whales and institutions profited, regular traders were dragged deeper into financial ruin. What seemed like the start of a new bull run was nothing more than a well-executed illusion, leaving investors in even greater pain.
Bottom Line: The market is broken, trust is gone, and real recovery is nowhere in sight. #Binance #BTC #BinanceLaunchpoolRED #xrp #BinanceSquareFamily
Telegram Loosing Users Trust as Toncoin Faces Decline: What Investors Need to Know
😂🤣😂
Toncoin (TON) has been experiencing a significant downturn in its price, raising concerns among investors. As of now, the coin has dropped to $3.80, its lowest point since November 6 of last year, marking a 53% decrease from its peak in November. Below is a closer look at the factors behind Toncoin's price drop and the potential implications for its future performance.
👉Increased Exchange Inflows: Sign of Selling Pressure
Recent data reveals a notable surge in Toncoin inflows to exchanges, with over 240,000 TON coins moved within the last seven days. This suggests that investors are opting to sell, contributing to the downward price pressure. The increased movement of TON coins to exchanges indicates that market sentiment is turning bearish, and further selling may be on the horizon if this trend continues.
👉Declining Burn Rate: A Bearish Signal Another key indicator that investors should be aware of is the decline in the number of Toncoin tokens being burned daily. On January 28, only 5,805 coins were burned, valued at $27,000—far below the month's peak of 15,000 coins. A reduced burn rate typically signals that fewer coins are being taken out of circulation, which can result in increased supply in the market, further putting downward pressure on the price.
👉Rising Inflation: Increased Coin Minting
Along with the decline in burned coins, the inflation rate for Toncoin has been on the rise. The annual inflation rate for TON has now climbed to 0.37%, up from last year’s low of 0.337%. This increase in inflation means that more new coins are being minted, potentially leading to a supply glut that could further weigh on the value of Toncoin. 👉TON Blockchain Ecosystem Under Pressure The pressure on Toncoin is not isolated to the token itself. Many popular tokens within the TON blockchain ecosystem, including Notcoin and Hamster Kombat, are also hovering near their all-time lows. This broader market downturn within the ecosystem may be contributing to the overall bearish sentiment surrounding Toncoin.
👉Death Cross: A Bearish Technical Pattern Toncoin has also formed a "death cross" pattern on its charts, where the 50-day and 200-day Exponential Moving Averages (EMAs) have crossed. Historically, the death cross is seen as a strong bearish signal, indicating a potential for further downside in the price. Traders and analysts often view this pattern as a warning sign that a bearish trend is in play.
👉Technical Indicators Point to Further Decline Additional technical indicators, such as the Relative Strength Index (RSI) and the Money Flow Index (MFI), are also trending downward. This suggests that investor momentum is weakening, and the price of Toncoin could continue to fall. Based on current patterns, Toncoin's price is at risk of reaching the 61.8% Fibonacci retracement level at $2.63, which is roughly 38% lower than its current price.
👉Conclusion: A Cautious Outlook for Toncoin Investors Toncoin’s price drop, increasing exchange inflows, declining burn rate, rising inflation, and the formation of a death cross all point toward a potentially bearish outlook in the short term. Investors should be cautious and monitor the situation closely. The coin may face further price declines, and those holding Toncoin may want to reassess their positions as the market conditions evolve.
Altcoins Crash: A Harsh Reality Altcoins are down a massive -80%, and here's the truth: to break even, you'd need a 400% rise. Profits seem out of the question for now, and it's not pretty.
The Influencer Illusion But let's face it—so many so-called "influencers" won’t admit the truth. Instead, they'll continue to hype up the market with false promises, feeding you the idea that a small 10% pump is something to go wild over. 🙄
A Hard Lesson If you haven't learned from this market, it's on you. No one can save you from the harsh reality that’s unfolding. 💥
Beware of Paid Promoters These paid influencers are damaging your assets. They manipulate markets for their own gain, and it’s harming the integrity of the space.
The Bigger Picture The influence of these voices is turning crypto into something more political than it should be. We need to take a step back and refocus.
Shifting Focus I'm taking a break from the noise of market posts for now. Instead, I’ll focus on delivering real value and deep insights—things that actually matter. Stay tuned for something truly worth your time.
India Budget 2025: Key Highlights for Crypto and Taxpayers
Crypto Market Braces for Stricter Regulations
Finance Minister Nirmala Sitharaman’s Union Budget 2025 proposed including "Virtual Digital Assets" (VDA) in the definition of undisclosed income. While this does not offer tax relief, it strengthens regulatory oversight of crypto transactions. The fine print of the Budget, set to be released later, may provide further clarity.
Major Tax Relief for Citizens
The government announced a zero-income tax policy for up to ₹12 lakh, a significant relief from the previous ₹7 lakh exemption limit.
Economic Growth Projections
The Economic Survey projected a 6.3-6.8% growth rate for the next financial year, with an 8% target for the future, aligning with the Viksit Bharat@2047 vision.
Impact on the Crypto Market
While tax policies on crypto remain unchanged (30% tax on income and 1% TDS), the classification of undisclosed VDA holdings as illegal signals stricter enforcement. However, industry experts anticipate more clarity and potential future tax relaxations.
Looking Ahead
The government’s evolving stance on digital assets hints at continued regulatory developments, possibly shaping a more structured crypto environment in India. Investors and businesses now await further details in the official budget documents.
Dear Crypto holders let's understand What is Bitcoin dominance and it's impact ?
Bitcoin dominance is a measure of Bitcoin’s market capitalization relative to the total market capitalization of all cryptocurrencies.
In simpler terms, it shows the proportion of the entire crypto market that is made up of Bitcoin's value.
How it works:
1. Formula: Bitcoin dominance = (Bitcoin's market cap / Total market cap of all cryptocurrencies) * 100.
2. Example: If Bitcoin’s market cap is $500 billion and the total crypto market cap is $1 trillion, Bitcoin’s dominance would be 50%.
Why it matters:
High dominance (60% or more) suggests that Bitcoin is the dominant player in the market and altcoins (other cryptocurrencies) are less significant.
Low dominance (below 40%) often indicates that altcoins are gaining traction and the market is diversifying beyond Bitcoin.
BTC dominance is an important metric for understanding market trends and investor sentiment. A change in dominance can signal whether Bitcoin is driving the market or if altcoins are becoming more popular.
Bitcoin's market dominance will rise (meaning its percentage of the total market capitalization increases), while altcoins may lose value, particularly those that are more speculative or haven't developed solid use cases. #BTC #xrp #Binance #ETH #BinanceSquareFamily
CryptoBull anticipating XRP reaching soon to $15 to $20 Due to it's ODL Growth, Let's dive deep
CryptoBull anticipating XRP reaching $15 in the near term, with some projections extending to $20 during a broader market rally. Long-term Forecasts: According to 99Bitcoins, XRP could reach between $ 50.49 and $96.32 by 2030, supported by Ripple's strategic developments and growing adoption of blockchain payments. As Ripple’s On-Demand Liquidity (ODL): The Key to XRP's Growth Potential Ripple's Mission and Blockchain Innovation Ripple has emerged as a leader in blockchain innovation, with a focus on transforming global finance through faster, cost-effective cross-border payment solutions. Its On-Demand Liquidity (ODL) service has revolutionized the way money moves across borders, significantly enhancing XRP’s utility. ODL's Role in XRP’s Price Movement Ripple’s ODL enables real-time settlement for cross-border transactions using XRP as a bridge currency. The service has been a cornerstone of Ripple's expansion, leading analysts to predict that XRP could surge significantly in value. Strategic Developments Supporting XRP Ripple’s efforts to enhance XRP's utility include: 1. Approval of RLUSD Stablecoin: New York Department of Financial Services recently approved Ripple’s RLUSD stablecoin. This stablecoin could strengthen Ripple’s payment infrastructure and boost XRP adoption. 2. Institutional Adoption of ODL: Partnerships with financial institutions and enterprises are driving the adoption of ODL, providing a strong use case for XRP in global payments. Challenges and Catalysts for XRP to Reach $15 To achieve a price point of $15 by 2025, Ripple will need to navigate several factors: Institutional Interest: Growing partnerships and use cases will drive demand for XRP. Regulatory Landscape: Favorable regulatory developments, especially in the U.S., will be crucial for sustained growth.
Technological Advancements: Ripple’s commitment to innovation, such as integrating AI and scaling solutions, will help maintain competitive advantages.
XRP Price Projections: Diverse Perspectives Optimistic Scenarios Bullish Predictions: Analysts foresee XRP achieving $13–$20 during a bull market, driven by strategic developments and a growing user base.
Future Potential: The integration of new technologies and partnerships could push XRP into the $50–$96 range by 2030, according to long-term projections. Conservative Forecasts Some analysts maintain a cautious outlook, predicting XRP prices between $2.90 and $4.10 by 2025. These estimates are based on current ODL adoption rates and Ripple’s ability to maintain growth amidst regulatory challenges.
Ripple’s Competitive Edge Over Bitcoin Ripple's Innovations Ripple excels in areas where Bitcoin falls short: 1. Scalability: XRP's network processes transactions faster and more cost-effectively than Bitcoin.
2. Smart Contract Integration: Ripple’s ecosystem enables institutionalized finance and the integration of blockchain into traditional payment systems, unlike Bitcoin, which has largely remained a store of value. Bitcoin’s Limitations While Bitcoin remains the leading cryptocurrency, its inability to scale or support advanced blockchain applications has hindered its innovation potential. Ripple, with its focus on real-world use cases, has carved out a niche in blockchain-based financial services.
Ripple’s Broader Vision for Global Finance
Streamlining Cross-Border Payments Ripple's primary goal is to create a seamless global payment system powered by blockchain technology. Its advancements in ODL and regulatory approvals position XRP as a key player in cross-border finance.
Enhancing Utility with Stablecoins
The launch of the RLUSD stablecoin signals Ripple’s intention to expand its payment ecosystem, providing stability and flexibility for users.
Institutional Support and Partnerships
Ripple’s collaboration with financial institutions worldwide underscores its commitment to driving blockchain adoption and increasing XRP's market relevance. Conclusion Ripple’s ODL expansion and strategic developments have positioned XRP as a leading contender in the blockchain payments sector. While projections for XRP’s future price vary, the potential for it to reach $15 or beyond by 2025 hinges on sustained institutional interest, regulatory clarity, and continued technological innovation.
Ripple’s role in redefining cross-border payments, supported by stablecoins and blockchain adoption, aligns with its mission to streamline global finance. These factors collectively fuel optimism for XRP’s growth trajectory in the coming years. #xrp #Binance #BinanceSquareFamily #Xrp🔥🔥 #BTC☀
Crypto Market is bleeding not going to stop Causes and Implications, as The cryptocurrency market is facing significant challenges, with Bitcoin (BTC) dropping to $97,855, a 10% decline from its recent high of $108,310. Altcoins like Fartcoin, Solana, SUI Rayduium, and Pepe have been hit harder, with losses exceeding 20%—Fartcoin has dropped 63% from its monthly peak. These losses have raised concerns, especially for altcoin investors.
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Causes of the Decline
1. Risk-On Sentiment from DeepSeek's Success DeepSeek, a Chinese AI system developed in four months, has challenged the need for high-cost AI chips and raised doubts about tech valuations. This shift has caused investors to move towards safer assets, affecting both the stock and crypto markets.
2. The Federal Reserve's Hawkish Stance With inflation rising to 2.9% in December, the Federal Reserve is expected to maintain high interest rates. Higher bond yields make risky assets like cryptocurrencies less attractive, leading to a selloff.
3. Weakness in the Technology Sector Expected weak earnings from tech giants like Amazon, Meta, and Tesla are adding to market uncertainty, which impacts the crypto market due to its ties with tech.
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Impact on Bitcoin and Altcoins
Bitcoin: While above its 50- and 100-day moving averages, BTC faces a bearish double-top pattern. If it falls below $90,000, further declines are likely.
Altcoins: Oversupply and their dependence on Bitcoin have pushed altcoins to all-time lows. Losses are likely to continue for speculative projects.
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Conclusion
The crypto market's decline stems from DeepSeek’s success, the Federal Reserve's policies, and tech sector weaknesses. While Bitcoin shows some stability, altcoins face grim prospects. Investors should focus on strong fundamentals and prepare for continued volatility. #Binance #solana #xrp #BTC #BinanceSquareFamily
OMG,Trump dismissed Musk’s criticism of his AI announcement, saying Musk dislikes someone involved
On this week in the wake of a major White House announcement involving artificial intelligence (AI) infrastructure. President Donald Trump, flanked by Altman and other prominent business leaders, unveiled a landmark $500 billion initiative called Stargate, aimed at cementing the United States' leadership in AI. However, Musk, a longtime rival of Altman, wasted no time in undermining the project with a series of scathing comments on X (formerly Twitter), casting doubt on its financial viability and launching personal attacks on Altman. The exchange has brought to light cracks in Musk's relationship with Trump, who had previously enjoyed a cordial rapport with the billionaire entrepreneur.
The Background: Trump’s Stargate Announcement
President Trump made a high-profile announcement at the White House, revealing the Stargate initiative, a bold public-private partnership aimed at revolutionizing AI infrastructure in the United States. Joined by OpenAI CEO Sam Altman, Oracle co-founder Larry Ellison, and SoftBank CEO Masayoshi Son, Trump described Stargate as a transformative effort that would channel at least $500 billion into AI-related projects by 2029. According to the president, the initiative’s first phase will allocate $100 billion to the construction of AI data centers, starting in Texas and expanding to other states, while also creating over 100,000 American jobs "almost immediately."
Trump emphasized that the project would be a cornerstone of his administration's economic and technological policies. “Stargate is about making America the world leader in AI,” Trump said at the event, adding that the investment would drive innovation and secure national security interests in an increasingly AI-driven world.
Musk’s Swift Criticism
Not long after the announcement, Musk took to X to voice his skepticism about Stargate’s financial foundations. “They don’t actually have the money,” Musk wrote, claiming that SoftBank, a lead investor in the initiative, had “well under $10B secured” for the project. Musk added that his information came from “good authority,” casting doubt on the ambitious scale of the initiative.
Musk did not stop at questioning the project’s financial backing. He turned his attention to Altman, referring to him as a “swindler” and a “liar.” The remarks reignited a long-standing feud between the two tech leaders, whose acrimonious relationship dates back to disagreements over OpenAI’s mission and governance. Altman’s Response Altman, in response, disputed Musk’s claims about Stargate’s financial resources, posting on X, “Wrong, as you surely know.” He also suggested that Musk’s criticisms were motivated more by personal ambition than genuine concern for the project or national interests. In a thinly veiled critique of Musk’s confrontational style, Altman added, “Just one more mean tweet and then maybe you’ll love yourself.”
While Altman refrained from directly addressing Musk’s accusations of dishonesty, he made it clear that he viewed Musk’s comments as part of a broader pattern of antagonism. “I don’t think Musk is a nice person or treating us fairly, but you have to respect the guy, and he pushes all of us to be more ambitious,” Altman said in a follow-up post.
Trump’s Reaction
The escalating feud between Musk and Altman has not gone unnoticed by Trump, who has cultivated relationships with both tech leaders. When asked during a press briefing whether Musk’s criticisms of Stargate concerned him, Trump appeared dismissive. “I don’t know if they do, but you know they’re putting up the money,” Trump said, referring to the investors behind the initiative.
Trump also acknowledged Musk and Altman’s rivalry, remarking, “Elon, one of the people [Altman] happens to hate. But I have certain hatreds of people too.”
The Musk-Altman Rivalry
The animosity between Musk and Altman dates back to 2018, when Musk parted ways with OpenAI, the company he had co-founded in 2015. Musk’s departure was reportedly fueled by disagreements over OpenAI’s direction, particularly its shift from a nonprofit to a for-profit structure. Musk has since criticized Altman and OpenAI’s leadership for prioritizing business interests over the organization’s original mission of ensuring AI benefits humanity as a whole.
The tension escalated in August 2023, when Musk sued Altman and OpenAI, accusing them of abandoning their founding principles and violating the company’s governance agreement. Musk has since launched his own rival AI company, xAI, further intensifying the competitive dynamic between the two.
The Broader Implications
The public spat between Musk and Altman has broader implications, particularly as the U.S. government positions itself as a global leader in AI. Stargate represents a significant gamble by the Trump administration, not just in terms of financial investment but also in relying on the collaboration of high-profile, and sometimes volatile, tech leaders.
Musk’s skepticism of the project raises legitimate questions about the challenges of securing such a massive financial commitment, especially in an environment where private investors must balance the promise of AI with its high costs and uncertain returns. However, Musk’s personal attacks on Altman risk overshadowing these substantive concerns, turning the debate into a spectacle rather than a meaningful discussion about the future of AI in America.
For Altman, Stargate represents an opportunity to solidify his status as a leading figure in the AI industry while advancing OpenAI’s mission. However, his association with a controversial figure like Trump could alienate some of his allies in the tech world, who may view the partnership as politically fraught.
Trump’s Balancing Act
Trump, for his part, faces the challenge of managing the egos and ambitions of powerful allies like Musk and Altman. While Musk’s criticism of Stargate has not yet caused a significant rift with the president, it underscores the difficulty of maintaining harmony among tech leaders with clashing visions and personalities.
As the Stargate initiative moves forward, Trump will need to navigate these dynamics carefully, ensuring that personal rivalries do not derail a project that he has positioned as a cornerstone of his administration’s economic agenda.
Conclusion
The Musk-Altman feud, reignited by the announcement of Stargate, highlights the complexities of collaboration in an industry dominated by strong personalities and competing interests. While Musk’s criticisms of Stargate raise valid questions about its financial feasibility, his personal attacks on Altman risk undermining the credibility of his arguments.
For Trump, the challenge will be to maintain focus on the broader goals of the Stargate initiative while managing the competing ambitions of his tech allies. Whether Stargate can achieve its ambitious objectives remains to be seen, but the drama surrounding its announcement suggests that the road ahead of will be anything but smooth.#BTC☀ #MarketPullback #BinanceSquareTalks #Binance #xrp
✅If you investors of Litecoin, XRP, & Sol Next ? then your Bullrun is starting now💯 as 👉Grayscale and CoinShares Push for ETFs:
👉Excitement in the crypto world as major players are pushing fwd with (ETFs)
👉Companies like ✅grayscale Investment and ✅CoinShares are leading the charge, targeting popular altcoins
👉But with the SEC’s response still hanging in the balance and a major shift in govt leadership, could 2025 be the year these crypto ETFs finally break through?
✅Grayscale’s New ETF Filings
👉Nate Geraci, President of The ETF Store, recently pointed out a key development on X
👉 He noted that the New York Stock Exchange (NYSE) had filed a 19b-4 form to list and trade Grayscale’s Litecoin Trust.
This is an effort to address issues that have caused problems for crypto investments in the past, like ensuring better security and clearer rules around custody.
👉CoinShares Joins the Race: ETFs for Litecoin and XRP!
Not far behind,
👉CoinShares has filed for 2 new ETFs—1. for Litecoin and 2. for XRP.
👉CoinShares hopes to make it easier for more people to invest in crypto by offering these funds, which aim to bring crypto closer to traditional investment products.
👉Other companies like Bitwise, ProShares, WisdomTree, and REX Shares, are also filing for🏆 XRP ETFs.
📢 This shows that there’s a growing demand for these types of investment products.
📢 Regulations Are Shifting! 👉 President Trump took over office on January 20, 2025, many believe the SEC could take a more crypto-friendly approach.
👉Former SEC Chair Gary Gensler recently stepped down, and President Trump appointed Paul Atkins, a former regulator who has supported crypto, to lead the SEC.
✅This shift could have a big impact on the future of crypto ETFs. 📢Despite the excitement around the ETF filings, market reactions have been mixed.
✅XRP, one of the top crypto, is holding steady at around $3.13, with the potential to break out of its consolidation phase#Xrp🔥🔥 #solana #BinanceSquareFamily #Litecoin #BTC
👉What a Twist in Crypto and inside Ripple✅✅✅ as 👉Ripple has been named as the main hindrance to the creation of a strategic Bitcoin reserve
👉Ripple CEO Brad Garlinghouse has taken to the X social media network to address accusations of lobbying against Bitcoin.
Garlinghouse👉 claims that his company's efforts are actually increasing the likelihood of a strategic cryptocurrency reserve happening.
Pierre Rochard,👉 vice president at mining giant Riot Platforms, has argued that Ripple is supposedly the biggest obstacle to the creation of the strategic Bitcoin reserve.
👉Rochard claims that the enterprise blockchain company, which is linked to the controversial XRP cryptocurrency, is "desperately" trying to derail the reserve with aggressive lobbying.
👉Garlinghouse's response suggests that Ripple is actually advocating for a multi-token reserve. This will not sit well with Bitcoin proponents who see the flagship cryptocurrency as a digital alternative to gold.
👉"Pretty much confirmed"👈 In the meantime
✅ Changpeng Zhao, the former CEO of the Binance exchange, has said that a strategic Bitcoin reserve is "pretty much confirmed."
✅"Crypto moving at crypto speed again," the cryptocurrency mogul has added.
This comes after Senator Cynthia Lummis✅ of Wyoming was picked to chair the new Senate subcommittee on digital assets
👉Lummis, a longtime cryptocurrency proponent, introduced her legislation aiming to create a 1-million-unit Bitcoin reserve last year.
Despite facing substantial criticism from crypto naysayers, the initiative has managed to gain significant traction.
👉According to Polymarket bettors, there is a 48% chance of a strategic Bitcoin reserve being created during the following three months.
It has been reported that a working group is set to evaluate the creation of a national cryptocurrency reserve.😍🤩😍🤩🤩
👉wait and watch👈 #TrumpCryptoOrder #BTCStateReserves #xrp #Binance #BinanceSquareFamily
Big profit opportunity Guys don't miss out Dogecoin (DOGE) and Ripple (XRP) Elon Musk X Payments? Elon Musk is back to his old tricks now, making mischief in the markets by dropping clues that he will soon integrate a crypto coin into payments on his X platform. Read on to discover whether Dogecoin or Ripple will get the nod,
The rumors are true! Elon Musk recently speculated that someday soon Dogecoin would be featured in some capacity as the X platform looks to integrate payments into its operations. Dogecoin has been pumping wildly recently with Musk’s backing, gaining a phenomenal 165% in just one month of trading. This has taken Dogecoin up to $0.40, as the price consolidates here before Dogecoin’s next big move.
If Musk follows through on his Dogecoin plans, Dogecoin will easily hit the $1 level and then go on to surprise even the most bullish of Dogecoin investors with the strength of its rally.
Ripple (XRP) Surges On Bullish Gensler News While Ripple looks to have lost out to Dogecoin in the X stakes, the Ripple ecosystem has plenty of bullish catalysts of its own. The odds of a Ripple ETF being approved in the U.S. recently improved significantly as it was revealed that SEC chair Gary Gensler will be stepping down in January next year. This has led many Ripple analysts to speculate that the ongoing lawsuit with Ripple Labs will soon be reaching a resolution, ending years of courtroom strife for Ripple.
Ripple has been booming lately, pumping by 176% in one month. Ripple’s all-time high of $2.44 will no doubt tumble in the weeks ahead as more clarity on the incoming SEC leadership emerges. #MicrosoftBTCInvestmentVote #ETHOnTheRise #XRPReclaimsTop3 #doge⚡ #BinanceSquareFamily
Bitcoin's recent bullish breakouts and confirmation of strength indicate start of incoming huge bullrun BTC triggered several bullish breakouts on Wednesday as it exceeded a downtrend line, the 50-Day MA, and advanced out of a head and shoulders pattern. Further, yesterday’s close was above all breakout levels thereby confirming strength of the advance.
Today is a rest day with Bitcoin trading in a relatively narrow range around k and successfully test the neckline of the head and shoulders pattern as support (light dotted blue). Once resistance is exceeded to the upside and then tested as support, the advance is cleared to continue to strengthen. A daily close today above the 50-Day line at 65,107 will provide an additional sign of strength Further Tests of Support Would be Normal Nevertheless, a pullback to test support of the downtrend line may still occur. That would not change the improving bullish outlook in Bitcoin as it would be normal to test prior resistance as support. However, a decline to below 61,300 is a deeper pullback that will raise concerns about its ability to continue to strengthen in the near term.
Advance Above 66,773 Gives Bullish Signal A decisive rally above today’s high of 66,773 triggers a bullish continuation of the advance. There will then be two initial price levels to watch for possible resistance. The first is around 68,671 as it was the prior record high from November 2021. Bitcoin should plow right through it as it did initially in early-March of this year.
It will be the second time that a breakout above the 68,671-price level was attempted. And therefore, it should have greater success, first testing the recent record high of 73,836, and then proceeding to new record highs. Nonetheless, there is an interim price target at 70,368/69. That is the completion of an initial target for a small rising ABCD pattern this week Bitcoin is now on track to end the week possibly at a four or five-week closing high. If that happens, it will be real Bullrun and setting new trend of all time high. #BTC #BlackRock #ETFvsBTC
BCH Next move towards 1000 USDT as Bitcoin Cash Halving Successful, Price Up 13% and cross 700 mark? Bach experienced a significant price increase, rising over 10%. This was part of an ongoing positive trend, with BCH seeing a 23% gain in the past week and
43% increase over the last month, reaching its highest price point since May 2021.
But does BCH have the potential to increase more or was this price spike just a temporary reaction? The surge is largely because of the halving event and prevailing optimistic market sentiments. Bitcoin Cash, a proof-of-work blockchain split from Bitcoin in 2017 aiming for quicker, cheaper transactions, has struggled with widespread adoption within the crypto community.
The latest halving, which occurred at block 840,000, cut the mining reward to 3.125 BCH per block, down from the previous 6.25 BCH. This reduction in block rewards should have made a substantial impact, demonstrated by a significant slowdown in block production immediately following the halving.
Despite this, the network has continued to operate, confirming blocks and adjusting to a higher mining difficulty level, the most challenging since 2019. Meanwhile, the average miner’s reward has decreased, marking a pivotal moment in the network’s economic dynamics There has been speculation in the lead-up to the halving, with the price of Bitcoin Cash increasing 147.85% over the past three months. Despite As brief dip before the event, it quickly recovered. After halving now BCH head towards its prime touch aiming 1000 usdt value soon in coming days So Guys keep close eye on its move,
PEPE’s market value surpasses Ethereum’s second-layer network Optimism
According to market data the value of MemeCoin PEPE has surpassed the Ethereum second-layer network Optimism.
At the time of writing this article, the market value of PEPE reached US$3,725,289,174, ranking 40th in the cryptocurrency market value. Optimism’s market value is approximately 3,712,456,172 it shows the trust and interest of community in Pepe #Memecoins #BullorBear #PEPEGrowth #PepeCrypto #memecoin
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