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Bitcoin Bounces Back: Bulls Back in Charge After Price Surge
#bitcoin #surge #BTCđ„đ„đ„đ„đ„
B#btcitcoin (BTC) has defied recent bearish trends, surging over 4% in the last 24 hours to reclaim the $61,000 mark. This positive movement comes after a rough April, marking what could be a turning point for the world's leading cryptocurrency.
Several factors are credited for the upswing:
Resilient US Labor Market: A stronger-than-anticipated US jobs report bolstered investor confidence, leading to a risk-on sentiment that spilled over to crypto markets.Reduced Tech Stock Woes: Lower expectations for tech stock revenue growth eased pressure on riskier assets like Bitcoin.Slowdown in Bitcoin ETF Outflows: A slowdown in outflows from US spot Bitcoin ETFs suggests a potential pause in investor selling.
Analyst Opinions Are Bullish:
This uptrend has ignited optimism among analysts, with some predicting a Bitcoin run above $100,000.The return to the $60,000 level has even prompted some traders to set ambitious six-figure price targets.
Whales Accumulate During Dip:
Interestingly, data shows that large Bitcoin holders, often referred to as "whales," capitalized on the recent price dip by accumulating over 47,000 BTC. This significant buying spree by whales is seen as a positive indicator for Bitcoin's future.
News Beyond the Price:
The world of Bitcoin continues to see interesting developments beyond just price movements.BlackRock, a leading investment management firm, recently expressed its belief that sovereign wealth funds and pension funds will soon invest in Bitcoin ETFs, potentially bringing a wave of institutional money into the crypto space.However, regulatory hurdles remain, with the US Securities and Exchange Commission (SEC) delaying its decision on a spot Bitcoin ETF application.Is This a Sustainable Rally?
While the recent surge is positive news for Bitcoin bulls, some analysts caution that volatility remains high. Whether this is a short-term bounce or the start of a sustained rally depends on various factors, including future economic data and regulatory actions.
Overall, Bitcoin's recent price action and the surrounding news paint a complex picture. However, one thing is clear: Bitcoin continues to be a dynamic and ever-evolving asset class, making it a captivating space to watch for investors and enthusiasts alike.
B#btcitcoin (BTC) has defied recent bearish trends, surging over 4% in the last 24 hours to reclaim the $61,000 mark. This positive movement comes after a rough April, marking what could be a turning point for the world's leading cryptocurrency.
Several factors are credited for the upswing:
Resilient US Labor Market: A stronger-than-anticipated US jobs report bolstered investor confidence, leading to a risk-on sentiment that spilled over to crypto markets.Reduced Tech Stock Woes: Lower expectations for tech stock revenue growth eased pressure on riskier assets like Bitcoin.Slowdown in Bitcoin ETF Outflows: A slowdown in outflows from US spot Bitcoin ETFs suggests a potential pause in investor selling.
Analyst Opinions Are Bullish:
This uptrend has ignited optimism among analysts, with some predicting a Bitcoin run above $100,000.The return to the $60,000 level has even prompted some traders to set ambitious six-figure price targets.
Whales Accumulate During Dip:
Interestingly, data shows that large Bitcoin holders, often referred to as "whales," capitalized on the recent price dip by accumulating over 47,000 BTC. This significant buying spree by whales is seen as a positive indicator for Bitcoin's future.
News Beyond the Price:
The world of Bitcoin continues to see interesting developments beyond just price movements.BlackRock, a leading investment management firm, recently expressed its belief that sovereign wealth funds and pension funds will soon invest in Bitcoin ETFs, potentially bringing a wave of institutional money into the crypto space.However, regulatory hurdles remain, with the US Securities and Exchange Commission (SEC) delaying its decision on a spot Bitcoin ETF application.Is This a Sustainable Rally?
While the recent surge is positive news for Bitcoin bulls, some analysts caution that volatility remains high. Whether this is a short-term bounce or the start of a sustained rally depends on various factors, including future economic data and regulatory actions.
Overall, Bitcoin's recent price action and the surrounding news paint a complex picture. However, one thing is clear: Bitcoin continues to be a dynamic and ever-evolving asset class, making it a captivating space to watch for investors and enthusiasts alike.
#write2earn #TronNetwork EMERGES AS LEADING #BLOCKCHAIN FOR $USDT #transfers AMID CRYPTO #surge
$TRX
Tron, the blockchain notorious for its controversies, has found its footing as the preferred network for USDT transactions.
In the midst of a fervent crypto market, Tron, whose native TRX token ranks 12th in the digital asset realm, is witnessing record-breaking daily protocol revenues, hovering around $2 million.
Justin Sun, the enigmatic founder of Tron, proudly announced this significant achievement on X.
Tron distinguishes itself in the crypto landscape by serving as the primary platform for stablecoin transfers. While this underscores its practical utility, Tron faces skepticism and lacks widespread support within the digital asset community. For instance, Circle, the issuer of USDC, the second-largest stablecoin, recently announced its decision to cease support for the Tron blockchain.
Even Ethereum co-founder Vitalik Buterin has voiced criticisms against Tron in the past.
Despite these challenges, Tron boasts the highest number of active users among blockchains, according to data from Coin98.
Like many digital assets, TRX has experienced a surge in 2024, witnessing a 30% increase in value this year, with the token currently priced at $0.14.
$TRX
Tron, the blockchain notorious for its controversies, has found its footing as the preferred network for USDT transactions.
In the midst of a fervent crypto market, Tron, whose native TRX token ranks 12th in the digital asset realm, is witnessing record-breaking daily protocol revenues, hovering around $2 million.
Justin Sun, the enigmatic founder of Tron, proudly announced this significant achievement on X.
Tron distinguishes itself in the crypto landscape by serving as the primary platform for stablecoin transfers. While this underscores its practical utility, Tron faces skepticism and lacks widespread support within the digital asset community. For instance, Circle, the issuer of USDC, the second-largest stablecoin, recently announced its decision to cease support for the Tron blockchain.
Even Ethereum co-founder Vitalik Buterin has voiced criticisms against Tron in the past.
Despite these challenges, Tron boasts the highest number of active users among blockchains, according to data from Coin98.
Like many digital assets, TRX has experienced a surge in 2024, witnessing a 30% increase in value this year, with the token currently priced at $0.14.
Can Bitcoin Halving Overcome Seasonal Weakness? đ„
Crypto trading is hitting a slump, but buckle up for a potential Bitcoin price #surge ! Coinbase says the market craves a new hot topic, but the upcoming Bitcoin halving could light a fire.
However, there's a catch: historically, this time of year chills crypto prices. Will new investors and Bitcoin's "digital gold" status be enough to overcome the #seasonal slump?
One thing's for sure: with more people jumping in, fire #sales might become a thing of the past.
#Binance
#crypto2024
Crypto trading is hitting a slump, but buckle up for a potential Bitcoin price #surge ! Coinbase says the market craves a new hot topic, but the upcoming Bitcoin halving could light a fire.
However, there's a catch: historically, this time of year chills crypto prices. Will new investors and Bitcoin's "digital gold" status be enough to overcome the #seasonal slump?
One thing's for sure: with more people jumping in, fire #sales might become a thing of the past.
#Binance
#crypto2024
$BONK #BONKâ #BONK/USDT
Recently #BONK. has observed a tremendous popularity and price cascade because of it's association with dog related #Memecoins like $DOGE and $SHIB ; which are also experiencing an impressive #surge .
I told you all to buy at 1324. And it has grown to 2494 gradually.
Those who took the trade are almost in tempting profit and still more to come.
Recently #BONK. has observed a tremendous popularity and price cascade because of it's association with dog related #Memecoins like $DOGE and $SHIB ; which are also experiencing an impressive #surge .
I told you all to buy at 1324. And it has grown to 2494 gradually.
Those who took the trade are almost in tempting profit and still more to come.
LIVEBsPutinArmy
--
$BONK #BONKâ #BONK/USDT #BonkCoin #Write2Earn⏠#TrendingTopic
đ Price Action Update đ
If the cryptocurrency market continues to expand in 2024, driven by an anticipated bull run, BONK may reach a wider audience.We're currently witnessing the third largest meme coin by market cap, $BONK has seen an extraordinary increase. With a successful breakout above the 1324 resistance level, we could potentially see a bullish run towards the $1755 - $1775 range.
đŻ Targets đŻ
Our technical analysis shows that our first main target for $BONK tocken will be ranging between 1450 to 1575
Our second main target lies between the range 1600 and 1800, indicating substantial upside potential.
And the full bull market target is projected to be around 2000, representing significant growth opportunities.
Stop loss below 1100
đź Outlook đź
The increasing demand for NFTs, DeFi, and other crypto innovations, requires high-performance and low-cost blockchain infrastructure. It's definitely worth considering adding this coin to your portfolio. Keep an eye on developments for further insights and do your own research.
Feel free to share your thoughts and insights! đđ°
đ Price Action Update đ
If the cryptocurrency market continues to expand in 2024, driven by an anticipated bull run, BONK may reach a wider audience.We're currently witnessing the third largest meme coin by market cap, $BONK has seen an extraordinary increase. With a successful breakout above the 1324 resistance level, we could potentially see a bullish run towards the $1755 - $1775 range.
đŻ Targets đŻ
Our technical analysis shows that our first main target for $BONK tocken will be ranging between 1450 to 1575
Our second main target lies between the range 1600 and 1800, indicating substantial upside potential.
And the full bull market target is projected to be around 2000, representing significant growth opportunities.
Stop loss below 1100
đź Outlook đź
The increasing demand for NFTs, DeFi, and other crypto innovations, requires high-performance and low-cost blockchain infrastructure. It's definitely worth considering adding this coin to your portfolio. Keep an eye on developments for further insights and do your own research.
Feel free to share your thoughts and insights! đđ°
$BTC Downfall in History and Response !
Look at the past of BTC and compare it with todayâs chart.
Something big is coming!
Be Hopeful and stay positive.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #crashmarket #surge
Look at the past of BTC and compare it with todayâs chart.
Something big is coming!
Be Hopeful and stay positive.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #crashmarket #surge
Bitcoin Price Surges as Jerome Powellâs Speech Hints at Looser Monetary Policy
Bitcoin Price Surges After Powellâs Speech
In a surprising turn of events, Bitcoin's price has surged following a recent speech by Federal Reserve Chair Jerome Powell. The cryptocurrency, which has seen fluctuating values over the past months, witnessed a notable uptick as investors reacted to Powellâs comments on economic policy.
Market Reaction
Jerome Powell's speech focused on the Federal Reserve's ongoing efforts to manage inflation and stimulate economic growth. While Powell's remarks were largely expected to reinforce the Fed's cautious stance on interest rates, the market interpreted them as a signal that more accommodative monetary policies could be on the horizon. This anticipation has injected optimism into risk assets, including Bitcoin.
Bitcoin, often seen as a hedge against inflation and economic uncertainty, responded positively to the perceived dovish tone of Powell's speech. The cryptocurrencyâs price jumped by over 10% within hours of the speech, reaching a new high for the month.
Underlying Factors
Several factors contribute to Bitcoinâs price movement in response to economic indicators. Firstly, Bitcoin's status as a digital store of value makes it sensitive to inflationary pressures. When central banks signal a willingness to keep monetary policies loose, it often boosts investor confidence in assets like Bitcoin, which are perceived as protection against devaluation of fiat currencies.
Secondly, Powellâs speech suggested a commitment to maintaining accommodative monetary policies in the near term, which could imply continued low interest rates. This environment is favorable for speculative assets, including cryptocurrencies, as investors seek higher returns in a low-yield world.
Investor Sentiment
The surge in Bitcoinâs price also reflects broader investor sentiment. As the market reacts to Powellâs speech, there is a growing belief that Bitcoin could continue to benefit from ongoing economic uncertainties and shifts in monetary policy. Institutional interest in Bitcoin and other cryptocurrencies has been increasing, further fueling the positive sentiment.
Looking Ahead
While the immediate reaction to Powellâs speech has been bullish for Bitcoin, investors should remain cautious. Cryptocurrencies are known for their volatility, and external factors, including regulatory developments and macroeconomic changes, can influence price movements.
In the coming weeks, market participants will closely monitor further statements from the Federal Reserve, economic data releases, and other geopolitical events that could impact Bitcoinâs trajectory.
Conclusion
Jerome Powellâs recent speech has injected renewed vigor into Bitcoinâs market performance. As the Federal Reserve navigates economic challenges, Bitcoinâs role as a hedge against inflation and economic uncertainty appears to be gaining traction. While the short-term outlook is positive, investors should stay informed and prepared for potential fluctuations in this dynamic and evolving market.
#bitcoinâïž #Bitcoinâ #BTCâ #surge #JeromePowell $BTC
In a surprising turn of events, Bitcoin's price has surged following a recent speech by Federal Reserve Chair Jerome Powell. The cryptocurrency, which has seen fluctuating values over the past months, witnessed a notable uptick as investors reacted to Powellâs comments on economic policy.
Market Reaction
Jerome Powell's speech focused on the Federal Reserve's ongoing efforts to manage inflation and stimulate economic growth. While Powell's remarks were largely expected to reinforce the Fed's cautious stance on interest rates, the market interpreted them as a signal that more accommodative monetary policies could be on the horizon. This anticipation has injected optimism into risk assets, including Bitcoin.
Bitcoin, often seen as a hedge against inflation and economic uncertainty, responded positively to the perceived dovish tone of Powell's speech. The cryptocurrencyâs price jumped by over 10% within hours of the speech, reaching a new high for the month.
Underlying Factors
Several factors contribute to Bitcoinâs price movement in response to economic indicators. Firstly, Bitcoin's status as a digital store of value makes it sensitive to inflationary pressures. When central banks signal a willingness to keep monetary policies loose, it often boosts investor confidence in assets like Bitcoin, which are perceived as protection against devaluation of fiat currencies.
Secondly, Powellâs speech suggested a commitment to maintaining accommodative monetary policies in the near term, which could imply continued low interest rates. This environment is favorable for speculative assets, including cryptocurrencies, as investors seek higher returns in a low-yield world.
Investor Sentiment
The surge in Bitcoinâs price also reflects broader investor sentiment. As the market reacts to Powellâs speech, there is a growing belief that Bitcoin could continue to benefit from ongoing economic uncertainties and shifts in monetary policy. Institutional interest in Bitcoin and other cryptocurrencies has been increasing, further fueling the positive sentiment.
Looking Ahead
While the immediate reaction to Powellâs speech has been bullish for Bitcoin, investors should remain cautious. Cryptocurrencies are known for their volatility, and external factors, including regulatory developments and macroeconomic changes, can influence price movements.
In the coming weeks, market participants will closely monitor further statements from the Federal Reserve, economic data releases, and other geopolitical events that could impact Bitcoinâs trajectory.
Conclusion
Jerome Powellâs recent speech has injected renewed vigor into Bitcoinâs market performance. As the Federal Reserve navigates economic challenges, Bitcoinâs role as a hedge against inflation and economic uncertainty appears to be gaining traction. While the short-term outlook is positive, investors should stay informed and prepared for potential fluctuations in this dynamic and evolving market.
#bitcoinâïž #Bitcoinâ #BTCâ #surge #JeromePowell $BTC
#PEPEâ #surge #future
Reading news bout wails sailing Pepe ...
Send love my way #ETHđ„đ„đ„đ„
0x5503c2Fa9466b2A8642CEbdafbEa765bE16192Ed
Reading news bout wails sailing Pepe ...
Send love my way #ETHđ„đ„đ„đ„
0x5503c2Fa9466b2A8642CEbdafbEa765bE16192Ed
Bitcoin Hits $60,000 as Norway Boosts BTC Holdings
Bitcoin's price has once again breached the significant $60,000 threshold, fueled by Norway's recent move to increase its Bitcoin (BTC) holdings as part of the nation's reserve strategy.
This milestone in Bitcoinâs value reflects the growing interest and confidence in the cryptocurrency, driven by both institutional adoption and broader user engagement. The surge past $60,000 highlights a key moment in the ongoing narrative of Bitcoin's integration into mainstream finance.
Norway's Wealth Fund Increases Bitcoin Exposure
In a noteworthy development, Norwayâs sovereign wealth fund has notably expanded its exposure to Bitcoin, marking a significant step forward in the digital asset's institutional adoption. This move underscores a broader trend of increasing governmental and institutional interest in cryptocurrencies globally.
Recent reports from K33 Research reveal that Norwayâs Government Pension Fund Global, managed by Norges Bank Investment Management (NBIM), has significantly bolstered its indirect Bitcoin holdings. The fund now holds approximately 2,446 BTC, acquired through investments in technology companies with cryptocurrency exposure. This portfolio, currently valued at around $143 million, represents a substantial increase of 938 BTC since the close of 2023.
In a strategic shift, the fund has decreased its positions in major technology companies like Meta, reallocating capital to promising Web3 companies. Key beneficiaries of this reallocation include prominent players such as MicroStrategy, Coinbase, Block, and Marathon Digital, reinforcing the fund's commitment to the growing digital asset sector.
Global Bitcoin Adoption by Governments on the Rise
Norway's actions are part of a larger global trend where governments are increasingly incorporating Bitcoin into their reserves. According to a comprehensive report by Coingecko, various governments now collectively hold about 2.2% of the total Bitcoin supply, equivalent to around 471,000 BTC.
The United States leads this trend with over 212,000 BTC in its reserves. This significant government stake in Bitcoin not only further legitimizes the cryptocurrency but also suggests a shift in how digital assets are perceived within national investment strategies.
Promising Trends in Bitcoin Adoption Metrics
Further analysis of recent Bitcoin adoption metrics presents an optimistic outlook. Data from Santiment indicates a steady increase in the number of non-zero Bitcoin addresses, rising from approximately 53 million to 54 million. This growth in addresses, despite some market fluctuations, suggests a broadening participation in the Bitcoin ecosystem by both individuals and institutions.
While there has been a slight dip in daily active Bitcoin addresses, the overall activity remains strong, with daily active addresses still surpassing 500,000. This figure, which previously ranged between 600,000 and 700,000, has now stabilized at over 592,000, demonstrating sustained interest and usage of Bitcoin.
In summary, Bitcoin's resurgence to $60,000 is backed by significant developments in institutional investment and governmental adoption, signaling a continued and robust future for the cryptocurrency.
#BTCâ #surge #Write2Earn! #CryptoMarketMoves #bitcoinâïž
$BTC
This milestone in Bitcoinâs value reflects the growing interest and confidence in the cryptocurrency, driven by both institutional adoption and broader user engagement. The surge past $60,000 highlights a key moment in the ongoing narrative of Bitcoin's integration into mainstream finance.
Norway's Wealth Fund Increases Bitcoin Exposure
In a noteworthy development, Norwayâs sovereign wealth fund has notably expanded its exposure to Bitcoin, marking a significant step forward in the digital asset's institutional adoption. This move underscores a broader trend of increasing governmental and institutional interest in cryptocurrencies globally.
Recent reports from K33 Research reveal that Norwayâs Government Pension Fund Global, managed by Norges Bank Investment Management (NBIM), has significantly bolstered its indirect Bitcoin holdings. The fund now holds approximately 2,446 BTC, acquired through investments in technology companies with cryptocurrency exposure. This portfolio, currently valued at around $143 million, represents a substantial increase of 938 BTC since the close of 2023.
In a strategic shift, the fund has decreased its positions in major technology companies like Meta, reallocating capital to promising Web3 companies. Key beneficiaries of this reallocation include prominent players such as MicroStrategy, Coinbase, Block, and Marathon Digital, reinforcing the fund's commitment to the growing digital asset sector.
Global Bitcoin Adoption by Governments on the Rise
Norway's actions are part of a larger global trend where governments are increasingly incorporating Bitcoin into their reserves. According to a comprehensive report by Coingecko, various governments now collectively hold about 2.2% of the total Bitcoin supply, equivalent to around 471,000 BTC.
The United States leads this trend with over 212,000 BTC in its reserves. This significant government stake in Bitcoin not only further legitimizes the cryptocurrency but also suggests a shift in how digital assets are perceived within national investment strategies.
Promising Trends in Bitcoin Adoption Metrics
Further analysis of recent Bitcoin adoption metrics presents an optimistic outlook. Data from Santiment indicates a steady increase in the number of non-zero Bitcoin addresses, rising from approximately 53 million to 54 million. This growth in addresses, despite some market fluctuations, suggests a broadening participation in the Bitcoin ecosystem by both individuals and institutions.
While there has been a slight dip in daily active Bitcoin addresses, the overall activity remains strong, with daily active addresses still surpassing 500,000. This figure, which previously ranged between 600,000 and 700,000, has now stabilized at over 592,000, demonstrating sustained interest and usage of Bitcoin.
In summary, Bitcoin's resurgence to $60,000 is backed by significant developments in institutional investment and governmental adoption, signaling a continued and robust future for the cryptocurrency.
#BTCâ #surge #Write2Earn! #CryptoMarketMoves #bitcoinâïž
$BTC
Shiba Inu Sees Massive 625% Increase in Inflows from Major Investors!
Shiba Inu has witnessed a remarkable 625% rise in inflows from major investors, indicating a strong wave of optimism among key market participants. The metric, known as Large Holders Inflow, tracks the funds moving into addresses controlled by large-scale holders, often referred to as "whales." This influx may point to significant buying activity, as these investors typically acquire assets on centralized exchanges and then transfer them to secure, offline wallets. Such a surge in inflows from large holders can also signal potential price bottoms, as these investors tend to make large purchases following substantial price drops. In addition, Shiba Inu's netflows have increased by an impressive 2,393% over the same period.
#shiba⥠#Shibinu #surge #Write2Earn! #BinanceHODLerBANANA
$SHIB
Shiba Inu has witnessed a remarkable 625% rise in inflows from major investors, indicating a strong wave of optimism among key market participants. The metric, known as Large Holders Inflow, tracks the funds moving into addresses controlled by large-scale holders, often referred to as "whales." This influx may point to significant buying activity, as these investors typically acquire assets on centralized exchanges and then transfer them to secure, offline wallets. Such a surge in inflows from large holders can also signal potential price bottoms, as these investors tend to make large purchases following substantial price drops. In addition, Shiba Inu's netflows have increased by an impressive 2,393% over the same period.
#shiba⥠#Shibinu #surge #Write2Earn! #BinanceHODLerBANANA
$SHIB
âĄïžBTC price imminent rally? Bitcoin whales go on $1.6 billion buying spree
- Notably, the purchase came when Bitcoin experienced a significant price fluctuation below the $60,000 mark. Over the period, Bitcoin supply on exchanges has been steadily declining, indicating that whales are moving their holdings off exchanges and into long-term storage. The amount involved holdings of 100-1,000 BTC.
- Considering that Bitcoin and the general cryptocurrency market have suffered notable losses in recent days, this trend of whale accumulation often precedes price rallies. Notably, large holders tend to accumulate assets during periods of price consolidation before a significant upward movement.
- The current scenario suggests that whales are positioning themselves for a potential price surge, reducing the available BTC supply on exchanges and increasing the assetâs scarcity.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #surge #WhalesBuying
- Notably, the purchase came when Bitcoin experienced a significant price fluctuation below the $60,000 mark. Over the period, Bitcoin supply on exchanges has been steadily declining, indicating that whales are moving their holdings off exchanges and into long-term storage. The amount involved holdings of 100-1,000 BTC.
- Considering that Bitcoin and the general cryptocurrency market have suffered notable losses in recent days, this trend of whale accumulation often precedes price rallies. Notably, large holders tend to accumulate assets during periods of price consolidation before a significant upward movement.
- The current scenario suggests that whales are positioning themselves for a potential price surge, reducing the available BTC supply on exchanges and increasing the assetâs scarcity.
#BTCMarketPanic #RecessionOrDip? #MarketDownturn #surge #WhalesBuying
BREAKING: đš
đșđž ELON MUSK TALKS TO TRUMP! đąđŒ Musk wants to lead a government spending efficiency commission! đđ Cutting waste, boosting productivity? đ°đ€ Can a tech mogul bring innovation to DC? đ€
#ElonMuskUpdates #donaldtrump #CryptoMarketMoves #surge #apCryptoCalls
đșđž ELON MUSK TALKS TO TRUMP! đąđŒ Musk wants to lead a government spending efficiency commission! đđ Cutting waste, boosting productivity? đ°đ€ Can a tech mogul bring innovation to DC? đ€
#ElonMuskUpdates #donaldtrump #CryptoMarketMoves #surge #apCryptoCalls
Breaking News- Shiba Inu: Is the burn rate showing signs of improvement?
2min Read
#ShibaInu burn sees mixed burn rates-
As of 22 October, Shiba Inuâs burn statistics revealed a substantial #surge in the tokenâs burn rate, which reached 53.5% at the time of this report.
This increase in burn rate marked a positive development, particularly in light of the recent decline in the weekly burn rate, which stood at -2.5% as of the same point in time. The negative weekly burn rate indicated a decrease in burns when compared to the previous week.
The heightened daily #burn suggested a potential for the weekly burn rate to improve in the near future. Additionally, factors such as the tokenâs price may also contribute to enhancing the overall burn rate.
$SHIB veers off the march to bullish trend-
On a daily timeframe, #SHIB displayed a notable trend of three consecutive days of price increases, with the most recent increase exceeding 2%. Nevertheless, at the time of this report, the price trend had stalled, and the asset was trading with a slight loss of less than 1%.Â
2min Read
#ShibaInu burn sees mixed burn rates-
As of 22 October, Shiba Inuâs burn statistics revealed a substantial #surge in the tokenâs burn rate, which reached 53.5% at the time of this report.
This increase in burn rate marked a positive development, particularly in light of the recent decline in the weekly burn rate, which stood at -2.5% as of the same point in time. The negative weekly burn rate indicated a decrease in burns when compared to the previous week.
The heightened daily #burn suggested a potential for the weekly burn rate to improve in the near future. Additionally, factors such as the tokenâs price may also contribute to enhancing the overall burn rate.
$SHIB veers off the march to bullish trend-
On a daily timeframe, #SHIB displayed a notable trend of three consecutive days of price increases, with the most recent increase exceeding 2%. Nevertheless, at the time of this report, the price trend had stalled, and the asset was trading with a slight loss of less than 1%.Â
Can we trust Bitcoin's recent jump? đ±
Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders.
Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual.
On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000.
The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation.
Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns.
What do you think?
#Binance
#crypto2023
Bitcoin's recent #surge to $38,000, a level unseen in 18 months, raises suspicions among traders.
Despite a 6.6% gain in November and a remarkable 30% rise in October, concerns arise about the uptick feeling unusual.
On-chain monitoring highlights the lack of strong #volume supporting the current levels, with support at $33,000 and resistance shifting to $42,000.
The price appreciation on declining volume raises red flags, emphasizing the need to monitor the situation.
Notably, whale selling towards $40,000 becomes a psychological key level. Concurrently, Bitcoin futures open #interest reaches a seven-month high at over $17 billion, indicating a potential shift in market dynamics, though caution is advised regarding historical patterns.
What do you think?
#Binance
#crypto2023
Is Solana's Price Surge Linked to Ethereum's Fees and Bonk Airdrops? đ
The #surge in Solana's SOL price by over 60% in a week to $118 seems driven by Ethereum's spiking gas fees, pushing users towards Solana's lower transaction costs.
This shift led to a 400% increase in active addresses on Solana compared to Ethereum. Additionally, recent #airdrops like Bonk memecoin and rising decentralized exchange volumes on Solana fueled the price hike.
Institutional investment flows into Solana surpassed #Bitcoin and Ethereum, with $14.1 million inflows in December. Despite technical indicators suggesting a potential bearish divergence, if SOL's price fails below $100, it might dip to $66; a rise above $130 could drive it towards $157.50.
#Binance
#crypto2023
The #surge in Solana's SOL price by over 60% in a week to $118 seems driven by Ethereum's spiking gas fees, pushing users towards Solana's lower transaction costs.
This shift led to a 400% increase in active addresses on Solana compared to Ethereum. Additionally, recent #airdrops like Bonk memecoin and rising decentralized exchange volumes on Solana fueled the price hike.
Institutional investment flows into Solana surpassed #Bitcoin and Ethereum, with $14.1 million inflows in December. Despite technical indicators suggesting a potential bearish divergence, if SOL's price fails below $100, it might dip to $66; a rise above $130 could drive it towards $157.50.
#Binance
#crypto2023
The Shiba Inu Revolution: Why SHIB is Set to Skyrocket in 2024
đ„ The Shiba Inu Revolution: Why SHIB is Set to Skyrocket in 2024 đ
Shiba Inu (SHIB) has transformed from a meme coin to a robust ecosystem đ, featuring innovative tokens and decentralized applications (dApps) that are poised to disrupt the crypto landscape đ.
Unveiling the SHIB Ecosystem: Tokens and Innovationsđ
The SHIB ecosystem boasts standout tokens like SHIB, LEASH, BONE, SHEB, and the soon-to-be-released TREAT and SHI đ. These tokens empower and connect the Shiba Army, a passionate community of memecoin enthusiasts and savvy investors đȘ.
Key Players in the SHIB Ecosystem đ€
1. Shibaswapđ: A decentralized trading platform for secure and efficient trading, staking, and farming.
2. ShibaEternityđź: An innovative NFT card game blending blockchain technology with entertainment.
3. Shibahubđ: Built on the Shibarium network, enhancing transaction efficiency and scalability.
Rising Adoption: What the Numbers Tell Us đ
Recent data reveals a significant surge in SHIB's adoption rates đ. According to IntoTheBlock, SHIB's adoption jumped from 33% to 36.16% đ.
Whale Transactions and Burn Rates: Indicators of Confidence đł
Large SHIB transactions are on the rise, with whale transactions surging by 150% đ. SHIB's burn rate has seen dramatic fluctuations, indicating active strategy management by holders đ„.
Shibarium and Shiba Eternity: Potential Game-Changers đ
đ Shibariumđ: A Layer-2 solution enhancing efficiency and scalability.
 đ Shiba Eternity đź: An NFT card game combining blockchain with entertainment, with the upcoming Shibatopia Arena upgrade.
Insights from the SHIB Team đŹ
Lucie, a senior member of the SHIB team, hints at an upcoming Web3 upgrade đ, urging users to stay safe from potential fraud.
Conclusion: SHIB's Path to Dominanceđ„
With its expanding ecosystem, rising adoption rates, and groundbreaking developments, Shiba Inu is poised for a massive boom in 2024 đ. The SHIB team's dedication to innovation and community engagement sets the stage for extraordinary growth đ.
#shiba⥠#ETH_ETFs_Approval_Predictions #surge
$SHIB
Shiba Inu (SHIB) has transformed from a meme coin to a robust ecosystem đ, featuring innovative tokens and decentralized applications (dApps) that are poised to disrupt the crypto landscape đ.
Unveiling the SHIB Ecosystem: Tokens and Innovationsđ
The SHIB ecosystem boasts standout tokens like SHIB, LEASH, BONE, SHEB, and the soon-to-be-released TREAT and SHI đ. These tokens empower and connect the Shiba Army, a passionate community of memecoin enthusiasts and savvy investors đȘ.
Key Players in the SHIB Ecosystem đ€
1. Shibaswapđ: A decentralized trading platform for secure and efficient trading, staking, and farming.
2. ShibaEternityđź: An innovative NFT card game blending blockchain technology with entertainment.
3. Shibahubđ: Built on the Shibarium network, enhancing transaction efficiency and scalability.
Rising Adoption: What the Numbers Tell Us đ
Recent data reveals a significant surge in SHIB's adoption rates đ. According to IntoTheBlock, SHIB's adoption jumped from 33% to 36.16% đ.
Whale Transactions and Burn Rates: Indicators of Confidence đł
Large SHIB transactions are on the rise, with whale transactions surging by 150% đ. SHIB's burn rate has seen dramatic fluctuations, indicating active strategy management by holders đ„.
Shibarium and Shiba Eternity: Potential Game-Changers đ
đ Shibariumđ: A Layer-2 solution enhancing efficiency and scalability.
 đ Shiba Eternity đź: An NFT card game combining blockchain with entertainment, with the upcoming Shibatopia Arena upgrade.
Insights from the SHIB Team đŹ
Lucie, a senior member of the SHIB team, hints at an upcoming Web3 upgrade đ, urging users to stay safe from potential fraud.
Conclusion: SHIB's Path to Dominanceđ„
With its expanding ecosystem, rising adoption rates, and groundbreaking developments, Shiba Inu is poised for a massive boom in 2024 đ. The SHIB team's dedication to innovation and community engagement sets the stage for extraordinary growth đ.
#shiba⥠#ETH_ETFs_Approval_Predictions #surge
$SHIB
đ»đ» Stay updated on ENA news and developments đ„
ENA has soared by 61.17% in the past 24 hours, surpassing the 0.9 USDT mark.
Considering this rapid increase, it might be a good time to consider selling ENA.
Signal strength: HIGH
Signal time: 2024-04-03 10:32:08 GMT
#ENA #surge #peak #ENAUSDT #SignalAlert
Remember to always do your own research. This isn't financial advice, but rather our perspective on the likely movement of the asset given the current situation.
ENA has soared by 61.17% in the past 24 hours, surpassing the 0.9 USDT mark.
Considering this rapid increase, it might be a good time to consider selling ENA.
Signal strength: HIGH
Signal time: 2024-04-03 10:32:08 GMT
#ENA #surge #peak #ENAUSDT #SignalAlert
Remember to always do your own research. This isn't financial advice, but rather our perspective on the likely movement of the asset given the current situation.
Ethereum Price Surge and Future Predictions
Additionally, the SEC has remained silent on the recent S-1 submission, with final versions expected by Wednesday. As the recovery rally gains momentum, Ethereumâs trend appears to be reversing. This raises the question; will Ethereumâs price prediction of reaching $10,000 hold true?
Ethereum Price Rally and Key Technical Indicators
With Ethereumâs market capitalization surpassing $400 billion, the ETH price has made a rounding bottom reversal. As Ether reclaims the $3,000 mark, the rally from $2,880 continues, showing a series of bullish candles.
The price has now surpassed the broken support trendline and is aiming for a target of $3,500, which is a crucial supply level due to its role as the neckline for the rounding bottom pattern.
After a significant 7.38% increase last night, ETH experienced a minor 1.10% dip today and is currently trading at $3,447. Despite this brief drop, the rally could regain momentum later in the day.
Technical indicators support the bullish outlook: the RSI has risen above the halfway mark, nearing the overbought zone, reflecting increased demand. Additionally, the MACDâs bullish crossover on the daily chart reinforces the uptrend.
Ethereum ETF Listing and Bullish Price Predictions
As the Ethereum ETF listing approaches, the broader market sentiment is growing increasingly optimistic, anticipating a bull run in ETH prices. Given the current bullish indicators, the ETH price is expected to break above the $3,500 level.
Once ETH surpasses $3,500, trend-based Fibonacci levels suggest the next target prices could be $4,141 and $5,402.
â ïžDisclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ETHđ„đ„đ„đ„ #surge
Ethereum Price Rally and Key Technical Indicators
With Ethereumâs market capitalization surpassing $400 billion, the ETH price has made a rounding bottom reversal. As Ether reclaims the $3,000 mark, the rally from $2,880 continues, showing a series of bullish candles.
The price has now surpassed the broken support trendline and is aiming for a target of $3,500, which is a crucial supply level due to its role as the neckline for the rounding bottom pattern.
After a significant 7.38% increase last night, ETH experienced a minor 1.10% dip today and is currently trading at $3,447. Despite this brief drop, the rally could regain momentum later in the day.
Technical indicators support the bullish outlook: the RSI has risen above the halfway mark, nearing the overbought zone, reflecting increased demand. Additionally, the MACDâs bullish crossover on the daily chart reinforces the uptrend.
Ethereum ETF Listing and Bullish Price Predictions
As the Ethereum ETF listing approaches, the broader market sentiment is growing increasingly optimistic, anticipating a bull run in ETH prices. Given the current bullish indicators, the ETH price is expected to break above the $3,500 level.
Once ETH surpasses $3,500, trend-based Fibonacci levels suggest the next target prices could be $4,141 and $5,402.
â ïžDisclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#ETHđ„đ„đ„đ„ #surge
đ Pixelverse Revolutionizes the Gaming Industry with PIXFI Token Launch! đ
đ The wait is over! Pixelverse, the masterminds behind PixelTap, has unveiled its native token, PIXFI, on The Open Network (TON). And, they're shaking things up with a groundbreaking airdrop that rewards loyal players! đ€©
đ PIXFI Token Ignites Community Excitement! đ
The token's debut on July 18th sent shockwaves through the Pixelverse community, with a 50% surge in value on the first day! đ Currently trading at $0.07, the token has seen a remarkable 200% increase since its release! đ
đ Revolutionary Airdrop: Rewarding Engagement Over Quick Gains! đ
Pixelverse is flipping the script on traditional airdrops! Instead of rewarding quick sell-offs, they're incentivizing players to engage and hold onto their tokens! đȘ Players who've reached certain levels in PixelTap and hold rare NFTs can claim their PIXFI tokens, with a penalty for early withdrawals! đ«
đ Expanding Horizons: Pixelchain and TON Integration! đ
Pixelverse is building Pixelchain, a layer-2 scaling network on TON, with EVM compatibility! đ€ This, combined with TON's collaboration with Polygon Labs, solidifies Pixelverse's position in the gaming scene! đź
đ€ Strategic Partnerships: Enhancing User Experience! đ€
Pixelverse is teaming up with Notcoin and Musk Empire, offering exclusive benefits and broadening its influence! đ
Pixelverse is revolutionizing the gaming industry with its PIXFI token launch, innovative airdrop, strategic partnerships, and ecosystem developments! Get ready for a gaming experience like no other! đ
#Pixelfi #tonecoin #Write2Earn! #BinanceSquareFamily #surge
$PIXEL
$NOT
đ The wait is over! Pixelverse, the masterminds behind PixelTap, has unveiled its native token, PIXFI, on The Open Network (TON). And, they're shaking things up with a groundbreaking airdrop that rewards loyal players! đ€©
đ PIXFI Token Ignites Community Excitement! đ
The token's debut on July 18th sent shockwaves through the Pixelverse community, with a 50% surge in value on the first day! đ Currently trading at $0.07, the token has seen a remarkable 200% increase since its release! đ
đ Revolutionary Airdrop: Rewarding Engagement Over Quick Gains! đ
Pixelverse is flipping the script on traditional airdrops! Instead of rewarding quick sell-offs, they're incentivizing players to engage and hold onto their tokens! đȘ Players who've reached certain levels in PixelTap and hold rare NFTs can claim their PIXFI tokens, with a penalty for early withdrawals! đ«
đ Expanding Horizons: Pixelchain and TON Integration! đ
Pixelverse is building Pixelchain, a layer-2 scaling network on TON, with EVM compatibility! đ€ This, combined with TON's collaboration with Polygon Labs, solidifies Pixelverse's position in the gaming scene! đź
đ€ Strategic Partnerships: Enhancing User Experience! đ€
Pixelverse is teaming up with Notcoin and Musk Empire, offering exclusive benefits and broadening its influence! đ
Pixelverse is revolutionizing the gaming industry with its PIXFI token launch, innovative airdrop, strategic partnerships, and ecosystem developments! Get ready for a gaming experience like no other! đ
#Pixelfi #tonecoin #Write2Earn! #BinanceSquareFamily #surge
$PIXEL
$NOT
#CardanoADA s #DeFi ecosystem is booming, with #tvl surging past $440 million, a new all-time high. đ„
The surge in DeFi activity has boosted Cardano's $ADA token price, which is up 17% in 24 hours and 80% in the month.
#surge #DeFiImpact
The surge in DeFi activity has boosted Cardano's $ADA token price, which is up 17% in 24 hours and 80% in the month.
#surge #DeFiImpact
