All the reasons why HODLing Bitcoin is the right decision now
$BTC The price of Bitcoin (BTC) has remained bullish over the past week after a bout of decline, with the cryptocurrency surpassing $68,000. However, this may not be the end of BTC's bull run. In fact, a key metric revealed that the cryptocurrency may continue to rise, suggesting that investors should consider holding onto the coin in the next few days.
$BTC It is clear that it has become a conspiracy to loot people's money And there is no intention to rise
They were not satisfied during the past months and liquidated people's money and now it is returning again
And I expect a sharp decline and then a slight recovery until people are encouraged again and then a sharp decline until people's money is liquidated again
$NOT May the peace, mercy, and blessings of God be upon you
Good evening to you, my dear followers The Note Coin currency, God willing, is targeting 0.03, God willing, divided into 3 targets, of course, if the market does not fluctuate
I wish you all the best and abundant sustenance
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$XRP Top Analysts Advise XRP Holders to Take Profit Before It Crashes The price of XRP recently surged above $0.57 and briefly reached $0.63, reflecting a massive 28% increase over the past three weeks from a low of $0.419. Despite this impressive recovery, Nick Valdez of YouTube channel Discover Crypto is raising alarms.
He advises XRP holders to consider taking profits, anticipating a potential price crash. What does this mean for investors, and should you take action now? Legal Victory Isnât a Guaranteed Victory Ripple, the company behind XRP, recently scored a major legal victory against the U.S. Securities and Exchange Commission, resulting in a $125 million fine instead of the $2 billion the SEC initially sought. While the fine is significant, it is a win because it is 94% less than expected. Due to Rippleâs legal victory, the price of XRP has surged significantly, jumping more than 30% to $0.64. While the boost was significant, Valdezâs analysis suggests this may be a temporary gain.
The judgeâs ruling made clear that Rippleâs sales to retail investors do not violate securities laws, a decision that the SEC has unsuccessfully appealed.
Bitcoin (BTC) has staged a strong recovery, rising nearly 12% to $60,720 after Mondayâs market crash. The recovery marks the biggest gain since November 2022, supporting the overall crypto market cap, which has surged 12% to $2.12 trillion. According to senior crypto analyst Lark Davis, there are compelling reasons for investors to remain bullish despite recent volatility.
Reasons to Keep the Crypto Market Alive One of the biggest factors fueling this optimism is the fear of a recession. Despite widespread concerns about an economic downturn, Davis believes these fears may be overblown. Recent economic indicators, such as a strong U.S. labor market, a decline in bankruptcies, and increased rail traffic, point to a stronger economy than many had anticipated. This economic strength could help stabilize markets, including cryptocurrencies. Another positive signal comes from expected interest rate cuts by major central banks, especially the US Federal Reserve. Speculation is growing that the US interest rate could be cut as early as September. $ETH $SOL
XRP continues to see developments, with analysts highlighting several chart patterns that indicate a potential upside. Dark Defender, known for his bullish comments on XRP, stated in an X post on August 9 that XRP is close to an explosive price action, saying: âXRPâs path is very close.â One of the most notable aspects of the analysis is the price reaching the end of a long-term descending channel. This technical formation is generally considered a sign of the end of a downtrend, and a breakout from the upper line of this channel becomes even more important for XRP. As investors monitor the market, their attention seems to be focused on the $0.9327 level, which is known as a critical resistance level and a 100% Fibonacci retracement level. If XRP breaks through this level, it is possible to talk about the possibility of greater upward momentum. Dear reader, if you like my account content, do not forget to follow the account to receive all that is new. $BTC $BNB
$XRP Win another victory in SEC case, eyes XRP price rally On top of XRP, Ripple has won another small victory in its case with the Securities and Exchange Commission (SEC), drawing attention to a potential price rally. Following this development, there is an opinion that a new surge in the tokenâs valuation may occur. In the legal proceedings that took nearly 3.5 years, a judge decided that Ripple should pay a civil penalty of $125 million. On the other hand, the decision also indicates that XRP will not be classified as a security. Dear reader, if you like the content of my account, do not forget to follow the account to receive all that is new. $BTC $SOL
$XRP Warning of Rise in XRP Scams Following Legal Ruling According to Ripple,
Scammers are using the court event to trick XRP holders with fake offers and phishing schemes. Ripple is urging its users to be on the lookout for fake âRippleâ accounts, people posing as company executives, and fake âXRP Giveawaysâ or âXRP Airdrops.â
Ripple has made it clear that it will never ask users to send money or participate in such promotions. Furthermore, there is a worrying issue with fake accounts pretending to be Rippleâs top leaders, including CEO Brad Garlinghouse.
These accounts often use artificial intelligence to create realistic-looking images and credentials, making them appear authentic. The scams typically involve asking users to send some XRP with the promise of more in return. Ripple has warned that these offers are scams and urged users to be careful. Dear reader, if you like my account content, do not forget to follow the account to receive all new updates. $BTC $SOL
Bitcoin Bull Cycle Indicator Flips Higher as Price Holds $60K Bitcoinâs bull cycle indicator, which tracks phases of investor sentiment, has flipped to indicate bullish conditions, after three days of flashing red as Bitcoinâs price fell to levels not seen since February.
âMost of the cyclical indicators on the Bitcoin chain that were hovering near the boundary have now flipped back to signal a bull market,â wrote CryptoQuant and CEKi founder Young Ju in a post on August 9.
âBitcoin is still in a bull market,â added the crypto trader who goes by the pseudonym PlanB.
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Ethereum faces headwinds with 3% drop after Ethereum ETF debut in the US Ethereum saw a 3% drop, mirroring Bitcoinâs initial decline after the ETF launch. The decline stemmed largely from large withdrawals from the Grayscale Ethereum Trust, which saw $1.8 billion exit after converting to an ETF.
With a notable fee of 2.5%, the fund conversion put downward pressure on Ethereumâs price. Despite some capital being redirected to alternative Ethereum ETFs, the overall market saw net outflows totaling $406.4 million. Dear reader, if you like my account content, donât forget to follow the account to receive all the latest news. $BTC $SOL
$PEPE PEPE Forecast Reflects Bullish Sentiment Pepe, the infamous cryptocurrency, has seen its value soar impressively, surpassing previous peak values. Many view this surge as a harbinger of a crypto bull market, though its viability as a long-term investment remains under scrutiny. Short-term forecasts put Pepe at $0.000012 by the end of 2024, with a more uncertain trajectory by 2030, with values ââestimated between $0.0000001 and $0.00002. Pepeâs rise from obscurity to a major market presence highlights the enormous impact of community momentum, despite the obstacles imposed by its meme-centric nature. Dear reader, if you like my account content, donât forget to follow the account to receive all the latest updates. $SOL $BTC
Ethereum Investors Rush to BlockDAG, Community Grows to 100K; PEPE Price Predictions Revealed Amidst the anticipation, the digital asset community is buzzing with a pivotal question: âWhich cryptocurrency should you invest in now?â Amidst the growing excitement, Ethereum holders are gravitating toward BlockDAG after a recent revealing interview and dynamic AMA session with its CEO. This pivotal exposure has spurred BlockDAGâs fundraising efforts, which raised $1 million in just hours, and forecasts suggest the coin could jump from $0.017 to $1 after listing. The rapidly expanding BlocamkDAG community, which now exceeds 100,000 members, is showing its burgeoning influence in the crypto space. Meanwhile, PEPE meme coin predictions reflect growing optimism, which could herald a strong crypto bull market. Dear reader, if you like my account content, donât forget to follow the account to receive all the latest news. $PEPE $ETH
$BTC Michael Saylor recently confirmed that he continues to personally invest in Bitcoin (BTC), highlighting his confidence in the cryptocurrency as a capital investment asset. Saylor revealed to Bloomberg that he owns 17,732 BTC and has not sold any of it since his last public announcement of his holdings four years ago. âI continue to acquire more. I think itâs a great capital investment asset for an individual, a family, an institutional organization, or a country. I canât think of a better place to put my money.â
MicroStrategy, under Saylorâs leadership, has accumulated 226,500 BTC, making it the largest public company holding the cryptocurrency. That stock is valued at about $12.7 billion, with Saylorâs personal holdings accounting for about 10% of that portfolio.