Emotionally Dead ◱ ◱ (@emotionallydead) • Hey

Trader, NFTs, Crypto, Web3, Phi, ◱ ◱

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Bitfinex analysts predict Bitcoin’s bull market top could occur around Q4 2024 Analysts at crypto exchange Bitfinex have predicted that the current bitcoin bull market cycle may peak in the fourth quarter of 2024. "Historical data suggest that bitcoin typically reaches its new all-time high (ATH) several months after the halving event. Therefore, we predict the market top could occur around Q4 2024," Bitfinex analysts claimed in a note sent to The Block.
The price of #LINK🔹 finally broke the dynamic support and fell to the support level of $15.10-16.0. If the volume of sells continues to increase and the current level is broken, we will see a significant decrease. If the sellers continue to act strongly, the price will decrease to the main and important support level of $11.830-$12.500 . This level is very important and has already supported the price well several times.
"Bitcoin has accumulated the most physical power, the most computer power, and the most economic power." - Michael Saylor
#STXUSDT is navigating through a falling wedge and moving above the important support and demand areas of null.750-null.900 We anticipate this key support level to hold firm, setting the stage for a bullish reversal that could propel the asset toward upper resistance. However, if #Stacks falters and breaches below the null.750 support, it may signal an extension of the bearish trend, steering the asset toward the next significant demand zone at null.6. This level is known for its vigorous liquidity and history of prompting notable upward trends.
#BOND price is moving near the support level of $ 3.0-$ 2.4, which is a very strong demand level and can cause price jump as before. The price has compressed and corrected enough, and now it is time to start a big rally and grow to the resistance area of $ 6.4.
The price of #AR has reached the supply level of 44.5-49.5 dollars by moving in a very upward channel. The price had already been tried more than 2 times to break the resistance but failed. The upward trend is strong, and it is expected that the price will first fall to the bottom of the channel and then come back stronger and break the resistance level.
After reaching the support level of $ 0.333 - $ 0.310 , the price of #BLUR grew, but the trend is weak. The dynamic resistance has been broken and now the price is moving towards it retest. It is expected that the price will start to growing after the resistance test. We have to wait to see in which direction the market moves, there is no stability in the market now.
#IOTX has recently experienced significant market dynamics, exhibiting a bounce from the support area. The support level of $ 0.044-0.047 is a strong demand level, and after breaking the dynamic resistance, the price has grown by about 20% so far. According to the price history of this currency, a strong rise can be expected from it. The price will easily reach the targets of -$ 0.067 and $ 0.085 .
UK Digital Bank Blocks Clients From Performing Crypto Transactions London-based digital bank Kroo has barred its customers from performing cryptocurrency transactions. The bank attributes this decision to the increased association of crypto with scams. Kroo joins fellow banks Starling Bank and Chase UK in blocking clients from engaging in crypto transactions. According to the bank’s updated terms and conditions, starting from May 30, 2024, Kroo will decline bank transfer requests or card transactions associated with cryptocurrencies.
#LPT price after successfully breaking above the resistance area It grew more than 50% and formed an ascending channel in the 4-hour time frame if LPT fails to bounce during the retesting phase and the support of Channel proves to be weak, it could signal a bearish turn of events. In such a scenario, the ascending Channel pattern would fail, and LPT might resume its downward movement, heading towards the demand area around $ 15- $ 16.75 . Considering the historical price behavior, LPT has previously demonstrated strong bounces when reaching the demand area.
Polkadot celebrates 4 year anniversary with unanimous JAM upgrade approval The Polkadot community celebrated the blockchain’s fourth anniversary by ratifying the highly anticipated Join-Accumulate Machine (JAM) upgrade. The proposal received unanimous support, with backing from over 31 million DOT tokens. JAM is a decentralized hybrid system offering secure and scalable smart contract functionalities by merging features from Ethereum within Polkadot’s framework.
The price of #UNI has grown well in the last 2 weeks. After breaking the resistance of $ 7.900-$ 8.300, the price grew by more than 40%. But it has not yet reached the targets of $ 13.300 and $ 17.000 . Buyers and fans of this currency are increasing, so the specified goals can be easily achieved.🚀 Broader market sentiment and fundamental factors specific to the UNI project can significantly influence price movements.
In contrast to the decrease in the price of many crypto currencies in the last few days, #ChainLink has not only not decreased, but has also grown a bit. After breaking the resistance, the price increased by more than 20% and now it has reached the resistance level of $ 16.8-$ 17.9 . This level is very important and if the price can break it, can continue to grow up to $ 20.
After reaching the support level of $ 2870-$ 3030 , #Ethereum price grew by more than 30% and was able to easily exit the bullish flag. The price started to decrease yesterday following the news of the approval of #Ether ETFs like #Bitcoin ETFs . the days who followed BTC approval price dropped around 17%, probably in this case it could be more. if price of ethereum breaks below yesterday's daily candle low, a move down to $ 2650 should be anticipated. the market would likely consolidate until mid-June.
The price of #ZEN moves in the bottom of its ascending channel in the daily time frame, and in the 4-hour time frame, it was able to break the downward trend line. The price is breaking the resistance level of $ 9.30-$ 9.65. It seems that the bulls are buying, and there is a high probability that the price will rise to its previous ceiling of $ 15.00 and then $ 18.00.🚀🚀🚀
#THETA is moving in a bullish flag in the 4-hour time frame. The price broke the flag pattern. Buyers now move slowly and are not strong. If the market trend is still bullish. The price can easily reach $ 3.800, but in this direction, the resistance of $ 3.370-3.100 must be broken first.
🇭🇰 Hong Kong Police Arrest Crypto Exchange Shop Employees on Suspicion of Fraud Hong Kong police have taken into custody three employees of a currency exchange shop who are suspected of engaging in fraudulent activities. On Wednesday, Hong Kong’s technology crime division apprehended three individuals aged between 31 and 34. The authorities seized 3,000 hell banknotes, a safe, and a note-counting machine from a store in Tsim Sha Tsui. Hell banknotes, used in traditional Chinese rituals as offerings to ancestors or deities, were among the confiscated items.
The USDT.D% 💵 index remains above the 4.55-4.70% zone. One of the important factors for analyzing the cryptocurrency market is the Market Cap USDT Dominance% (USDT.D%) status. 😀😀 If USDT.D% falls, we can expect the cryptocurrency market to start rising (not all tokens, of course❗️). According to the head and shoulder pattern that is formed in the chart., USDT.D% has successfully completed the correction, and we have to wait for the next falling 😀. We can expect USDT.D% to at least fall to the Support zone(4.72%-4.53%)🔽 .
Bybit faces potential legal action in France for regulatory non-compliance France’s Autorité des Marchés Financiers (AMF) has warned French crypto investors that Bybit is not a registered platform in the country, according to a May 16 notice. According to CoinMarketCap data, Bybit is the third-largest crypto exchange by trading volume. The platform was launched in 2017 and holds over $ 10 billion worth of its users’ assets. Moreover, Bybit has been on the AMF’s blacklist since May 20, 2022, due to its failure to comply with these regulatory standards.
#HIGH The price moves in the bullish channel and has reached the ceiling of the channel. Negative divergence is also observed between the price and the RSI indicator. After breaking the dynamic support, the price can drop to the bottom of the channel.
Stablecoin issuer Circle eyes US move, setting stage for rumored IPO Stablecoin issuer Circle reportedly plans to shift its legal home to the United States from Ireland for undisclosed reasons, Bloomberg reported on May 15. Circle’s decision to shift to the US comes as a surprise, given the advantageous low corporate tax rates it enjoyed in Ireland. Additionally, the move could subject the crypto firm to a heavier tax load and confront it with the challenges of a less favorable regulatory landscape.
Vitalik Buterin drafts EIP-7706, proposing new calldata gas type for Ethereum Ethereum co-founder Vitalik Buterin has proposed a new Ethereum Improvement Proposal, EIP-7706, suggesting a new category of gas for transaction calldata. Ethereum transactions currently involve two main types of gas: one for execution, which covers the computational effort required to process a transaction, and one for storage, which is the cost related to storing data with “blobs.”.
Bitcoin mining firm Bitfarms fires CEO amid $ 27 million damages lawsuit Toronto-based Bitcoin mining firm Bitfarms fired CEO Geoffrey Morphy on Monday, effective immediately, after he filed a lawsuit against the company claiming $ 27 million in damages for breach of contract. Previously President and COO, Morphy was promoted to CEO in December 2022. However, in March this year, Bitfarms announced Morphy would be departing the company upon completing its executive search, though he would continue to lead the mining firm in the interim to ensure a “smooth transition.”
Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain Jenny Johnson, the president and CEO of Franklin Templeton, a financial firm with $ 1.6 trillion in assets under management, recently reiterated her pro-blockchain stance during an interview with Bloomberg anchor David Westland during the 27th Annual Milken Institute Global Conference in California. Among the hot topics discussed by the two, Johnson had plenty to say on tokenization and generative artificial intelligence.
Phishing Group Returns Stolen Crypto Worth $ 66.88M to Victim, Collects Bounty! The phishing group responsible for the theft of 1155 Wrapped Bitcoin (WBTC) has made amends by returning all 22,960 Ethereum (ETH) worth approximately $ 66.88 million to the victim’s address. The phishing incident had initially sent shockwaves through the cryptocurrency community, as hackers managed to infiltrate hundreds of addresses and siphon off substantial sums of digital assets. However, the victim, whose identity remains undisclosed, took swift action and engaged with the perpetrators to negotiate the return of the stolen funds.
EU securities watchdog to review crypto eligibility for UCITS investments The European Securities and Markets Authority (ESMA) has initiated a review of the rules governing crypto asset investments by UCITS (Undertakings for Collective Investment in Transferable Securities) as part of a broader examination of the EU’s financial regulatory framework. The review comes in response to a request from the European Commission (EC) to ensure that UCITS rules keep pace with rapid market developments, including the burgeoning crypto sector.
#Gala is still moving in the descending channel and has not yet broken it. The support level of 0.03200 - 0.03600 is still valid. The downward trend is weak and it is expected that after breaking the channel and retesting it, the price can grow well and reach the first target which is $ 0.07000.
FTX claims rise above 100 cents on the dollar on back of bankruptcy plan FTX claims have risen above 100 cents on the dollar following the estate’s draft recovery plan that estimates the majority of creditors will see a recovery rate of 118%. For instance, crypto bankruptcy site Xclaim shows that FTX claims are now going for between 101% and 112%. “It's absolutely unbelievable,” said Thomas Braziel, a partner at 117 Partners and 507 Capital and an investor in distressed assets. “I mean, Lehman was 141 cents on the dollar, and that took 10 years. This is 142% as the projected high number.
South Korea’s winning party moves toward 💰 bitcoin ETF promise: report South Korea’s left-wing Democratic Party plans to request financial regulators to review the currently banned spot bitcoin exchange-traded funds, according to a South Korean news report. This signifies the party’s next step in its initiative to make spot bitcoin funds locally accessible.
Who wins?
Grayscale's Bitcoin ETF Sees First Inflow After Billions Lost Since January The Grayscale product had been the dominant conventional investment vehicle for those looking to invest in bitcoin (BTC) without directly purchasing the cryptocurrency. But it got competition in January when it was converted into an easier-to-trade ETF at the same time nine rival spot bitcoin ETFs began trading. GBTC has much higher fees, and investors yanked billions of dollars from it. Its bitcoin holdings have dropped from more than 600,000 bitcoin to around 290,000 bitcoin, according to fund data compiled by CoinDesk.
🔥$ 169.9M Liquidated in last 24 Hrs. Long Liquidation : $ 38.7M 📈 Short Liquidation : $ 131.2M 📉 📊High Liquidations : (#Binance) Longs : #BTC $ 4.8M, #ETH $ 2.9M, #SOL $ 2.1M, #TRB $ 844.0K Shorts : BTC $ 17.4M, ETH $ 16.6M, SOL $ 2.3M, DOGE $ 1.5M
Lightspark CEO Expects Bitcoin to Dominate AI-Related Monetary Transactions During the Bitcoin for Corporations segment at the Microstrategy World 2024 event in Las Vegas, Marcus shared insights on the fusion of AI and bitcoin (BTC). He argued that BTC could eliminate the inefficiencies and “friction” inherent in fiat currencies, predicting that AI agents will adopt this “digitally native” medium for value exchange.
The price of the #WAVES is moving in a descending channel in the 4H-TF. The price is still above the support level of $ 2.260-2.040 and this support will probably continue to support the price and cause it to pump. The first goal is $ 3.00.
The price of #AR continues to move in the channel of an ascending flag formed in the daily time frame. The support level of $ 29.0-$ 33.4 was finally broken and the price moves towards the bottom of the channel. Therefore, according to the downward trend of the market, the first target is $ 21.6
After breaking the dynamic resistance, the price #T is now retesting the resistance, still the price is approaching the dynamic support area and the probability of price growth increases after reaching that area. If the price breaks the dynamic support. The next support level will be $ 0.02600 - $ 0.02400.
#RSR/USDT is traded in the area of the ceiling of the Bearish channel and above the support level of $ 0.005360-0.004800. The current support level is very important, but the downtrend seems stronger and the price is likely to reach the bottom of the channel ($ 0.0032).
After breaking the dynamic resistance, the price of #LPT was able to grow up to the resistance of 15.0-15.8 dollars, but it is still a downward trend, first the resistance must be broken and the failure confirmed, then the price can pump . Otherwise, the price may fall again to 9.2 dollars.
The completed harmonic pattern in the daily time frame on the #BLUR price chart can pump the price to at least $ 0.58 and break the channel in the 4-hour time frame. Breaking the channel should be done very strongly so that the price reaches the target.
After reaching the bottom of the descending channel and the important support level of $ 2870-$ 3030 , the price of #Ethereum started to grow in the 4H - TF, but the trend still seems downward and the price will probably return to the support level.
#XRP After reaching the dynamic resistance, the price started to decrease, and the price decrease will probably continue until the support level of $ 0.4900-$ 0.4700 . This level is very important for buyers.
#Bitcoin's Average Dormancy hit a 13-year peak recently, indicating a transfer of old Bitcoins to new holders.
Grayscale Announces Low-Fee Bitcoin ETF Spinoff for Investors! Grayscale, renowned for its spot Bitcoin ETF GBTC with a 1.5% fee, is shaking up the market with a new spinoff fund boasting a drastically reduced fee of 0.15%. This move, announced through Grayscale’s latest filing, aims to introduce the lowest fee among all available spot Bitcoin ETFs. The forthcoming Grayscale’s Bitcoin Mini Trust (BTC) is set to inherit 10% of GBTC’s assets, providing shareholders with a tax-free transition into the new fund, shielding them from capital gains tax liabilities.
Binance tax evasion trial moved to May 17 in Nigeria The tax evasion trial in a Nigerian court involving cryptocurrency exchange Binance and two of its executives has been adjourned to May 17. This delay occurred because the exchange had not yet been formally served with the charges. The FIRS lawyer argued that Gambaryan should represent Binance as the primary defendant, had been served, given that both Binance and its executives were charged together.
Google Searches for 'Bitcoin Halving' Get Higher Than 4/20 Google searches for the term “Bitcoin halving” have hit an all-time high, surpassing the previous record set during the last halving in May 2020. According to Google Trends data, which uses a 100 point scale to determine the relative popularity of keyphrases, there is more interest than ever in the Bitcoin network halving.
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Bitcoin barely holds on to $ 60k as bears retest March lows Bitcoin (BTC) took a downturn below $ 60,000 on April 17 as US markets began trading, marking a return to prices last seen in early March before the digital currency rallied to new heights. The flagship crypto touched a low of $ 59,658 before modestly recovering to around $ 60,800 as of press time, based on CryptoSlate data. Bitcoin was clinging to the $ 60,500 support level after a slowdown in sell pressure, with bulls attempting a potential recovery above $ 61,000.
Ether derivatives conditions could trigger sharp ETH price swing in the near future, analysts say "The market is short ether gamma, near-dated options, which means that a sharp move in either direction would be amplified," QCP Capital analysts said. Similar conditions were detected by crypto derivatives trader Gordon Grant, who observed a sharp rise in short-dated volatility as ether recently experienced a more significant sell-off than bitcoin.
The price of #GALA reaches the bottom of the descending channel in the 4H-TF. The support level of $ 0.03200-0.03600 has been touched and is very important. If the price can break the current support, the next support level will be $ 0.02050-$ 0.02200.
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