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Bitcoin Faces New Resistance Levels
BTC) recently encountered a significant challenge after surpassing the $67,000 mark. Last week, its upward trend culminated at $72,000 on May 21. However, BTC has since declined by 5.7%, settling at $67,800 at the time of writing.
#Megadrop #EarnFreeCrypto2024 #btc70k #BinanceLaunchpool #BlackRock $BTC
BTC) recently encountered a significant challenge after surpassing the $67,000 mark. Last week, its upward trend culminated at $72,000 on May 21. However, BTC has since declined by 5.7%, settling at $67,800 at the time of writing.
#Megadrop #EarnFreeCrypto2024 #btc70k #BinanceLaunchpool #BlackRock $BTC
Will Ripple XRP Secrets Get Revealed? SEC’s Win in Remedies Imminent?
Ripple claims the SEC's argument to reveal sealed details about financial information and XRP sales are irrelevant to court ruling in remedies phase.
HIGHLIGHTS
Ripple files reply opposing the U.S. SEC’s two arguments in the remedies phase.Ripple opposes the SEC's claim that revealing the sealed information is critical and historical contracts are not relevant.The company offers no discounts to ODL customers and ODL-related sales don't impact XRP price.XRP price fell 1% amid crypto market selloff, but rises as market rebounds.XRP options expiry hints at price rise to $0.54.The remedies phase in the Ripple vs US SEC lawsuit is nearly over and the parties now await Judge Torres’ ruling on the actual amount of fines Ripple has to pay for XRP sales to institutional investors.#Megadrop #EarnFreeCrypto2024 #BinanceLaunchpool #BlackRock
HIGHLIGHTS
Ripple files reply opposing the U.S. SEC’s two arguments in the remedies phase.Ripple opposes the SEC's claim that revealing the sealed information is critical and historical contracts are not relevant.The company offers no discounts to ODL customers and ODL-related sales don't impact XRP price.XRP price fell 1% amid crypto market selloff, but rises as market rebounds.XRP options expiry hints at price rise to $0.54.The remedies phase in the Ripple vs US SEC lawsuit is nearly over and the parties now await Judge Torres’ ruling on the actual amount of fines Ripple has to pay for XRP sales to institutional investors.#Megadrop #EarnFreeCrypto2024 #BinanceLaunchpool #BlackRock
Why Are Bitcoin Inflows Concentrated in the US?
A recent study probed into the demand for Bitcoin-backed investment products, with a majority of the inflows originating from the United States. Despite the recent decline, which interrupted the upward trajectory, the long-term forecast remains optimistic. According to one key indicator, the bull marketis only halfway through its cycle. Crypto analyst Axel Adler highlighted the MVRV Z scores in a post, suggesting that the current cycle is far from over.
The MVRV metric assesses whether Bitcoin is undervalued or overvalued compared to its fair value. This involves comparing market capitalization to the total capital inflow into Bitcoin. When the market value significantly exceeds the realized value, it signals a potential peak. Specifically, the MVRV Z-score measures the disparity between these values relative to the standard deviation of Bitcoin’s market value. Historically, an MVRV-Z score of 7 or higher indicates a market peak.
#Megadrop #EarnFreeCrypto2024 #btc70k #BinanceLaunchpool #BlackRock $BTC
The MVRV metric assesses whether Bitcoin is undervalued or overvalued compared to its fair value. This involves comparing market capitalization to the total capital inflow into Bitcoin. When the market value significantly exceeds the realized value, it signals a potential peak. Specifically, the MVRV Z-score measures the disparity between these values relative to the standard deviation of Bitcoin’s market value. Historically, an MVRV-Z score of 7 or higher indicates a market peak.
#Megadrop #EarnFreeCrypto2024 #btc70k #BinanceLaunchpool #BlackRock $BTC
Bitcoin Faces New Resistance Levels
BTC) recently encountered a significant challenge after surpassing the $67,000 mark. Last week, its upward trend culminated at $72,000 on May 21. However, BTC has since declined by 5.7%, settling at $67,800 at the time of writing.
#Megadrop
#MtGox
#EarnFreeCrypto2024 #btc70k #BlackRock $BTC
BTC) recently encountered a significant challenge after surpassing the $67,000 mark. Last week, its upward trend culminated at $72,000 on May 21. However, BTC has since declined by 5.7%, settling at $67,800 at the time of writing.
#Megadrop
#MtGox
#EarnFreeCrypto2024 #btc70k #BlackRock $BTC
BNB and BONK Future Price Outlooks Amid Market Bounce
BNB is on a path to a new peak, set to soar past $690 before the end of the year’s first half.
Bonk will likely cancel one zero before the year’s end.
Rebel Satoshi Arcade is on the road to massive adoption given its vibrant ecosystem, advanced tokenomics and staggering upside potential.
The crypto market is finally back on a bullish path following weeks of bloodbath. Unsurprisingly, the bears are nowhere to be found. As the bull market shifts gears, this post will cover Binance Coin’s (BNB) and Bonk’s (BONK) future price outlooks.
Another development stirring up quite a buzz is the Rebel Satoshi Arcade (RECQ) presale. It has been selling out fast amid promises of significant growth and its vibrant ecosystem, which intersects with the hottest crypto trends.
#Megadrop #MtGox #BNBToken #BinanceLaunchpool $BNB
BNB is on a path to a new peak, set to soar past $690 before the end of the year’s first half.
Bonk will likely cancel one zero before the year’s end.
Rebel Satoshi Arcade is on the road to massive adoption given its vibrant ecosystem, advanced tokenomics and staggering upside potential.
The crypto market is finally back on a bullish path following weeks of bloodbath. Unsurprisingly, the bears are nowhere to be found. As the bull market shifts gears, this post will cover Binance Coin’s (BNB) and Bonk’s (BONK) future price outlooks.
Another development stirring up quite a buzz is the Rebel Satoshi Arcade (RECQ) presale. It has been selling out fast amid promises of significant growth and its vibrant ecosystem, which intersects with the hottest crypto trends.
#Megadrop #MtGox #BNBToken #BinanceLaunchpool $BNB
Chainlink and Circle team up to boost DeFi usability and cross-chain USDC
Oracle network Chainlink announced today that it’s teaming up with Circle to enhance the utility of stablecoins in the decentralized finance (DeFi) ecosystem. The partnership also marks Chainlink’s commitment to supporting USD Coin (USDC) on the chains enabled by its Cross-Chain Interoperability Protocol (CCIP), promoting secure cross-chain transfers.
#USDC✅
#Megadrop
#EarnFreeCrypto2024
#BinanceLaunchpool
$USDC $USDC
Oracle network Chainlink announced today that it’s teaming up with Circle to enhance the utility of stablecoins in the decentralized finance (DeFi) ecosystem. The partnership also marks Chainlink’s commitment to supporting USD Coin (USDC) on the chains enabled by its Cross-Chain Interoperability Protocol (CCIP), promoting secure cross-chain transfers.
#USDC✅
#Megadrop
#EarnFreeCrypto2024
#BinanceLaunchpool
$USDC $USDC
Ripple v. SEC: New Filing Details Controversial XRP Sales
In the ongoing legal battle between Ripple and the SEC, the crypto company has filed a response in support of its motion to seal documents related to the SEC's Motion for Judgment and Remedies. The move comes amid the regulator's request for $2 billion in penalties related to Ripple's institutional XRP sales.
The latest filing seeks to counter two primary arguments made by the SEC. First, Ripple disputes the claim that historical contracts are no longer relevant due to changes in the way Ripple sells XRP.
The company reports that these contracts, despite being older, contain sensitive terms that could provide undue leverage to future counterparties. Ripple asserts that while it no longer sells XRP in the same manner as it did during the period under review, the details of these past transactions remain commercially significant.
#XRPGoal
#xrprivals
#Xrp
The latest filing seeks to counter two primary arguments made by the SEC. First, Ripple disputes the claim that historical contracts are no longer relevant due to changes in the way Ripple sells XRP.
The company reports that these contracts, despite being older, contain sensitive terms that could provide undue leverage to future counterparties. Ripple asserts that while it no longer sells XRP in the same manner as it did during the period under review, the details of these past transactions remain commercially significant.
#XRPGoal
#xrprivals
#Xrp
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