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Tamilnadu Crypto News
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By @tamil_btc
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79.26% of #bitcoin haven't changed hands in the last 6-months.
📊 Gate.io Startup Offering Report (Jan 29 - Feb 11)

🚀 New Launched Airdrop Projects: $UPC ➜ $WORK ➜ $FORA ➜ $ZETA ➜ $DEFI ➜ $SMTX ➜ $ORNJ ➜ $HTX ➜ $DIMO ➜ $PIVX ➜ $PORK ➜ #TAPROOT ➜ $AINN ➜ $MAVIA ➜ $FPS ➜ $DEVVE ➜ $NAVX ➜ #BABYBONK ➜ $TOKO ➜ $OBT ➜ $LENDS

🤑 Total $1,010,000 Airdrop Amount were Distributed for Free

💎 Find Gem Projects:
tamilbtc.com/gate
🚨 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐢𝐧𝐠 𝐜𝐨𝐦𝐩𝐚𝐫𝐢𝐬𝐨𝐧 𝐨𝐟 #𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐰𝐢𝐭𝐡 𝟐𝟎𝟏𝟕 & 𝟐𝟎𝟐𝟎:👇

➜If $BTC follows similar movement from 2017 and 2020, then be ready for a Big Breakout🚀

➜History will repeat itself

A new all-time high is on the horizon🤝.
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#ZEN Chart Idea:

#ZEN forming a symmetrical triangle and currently at the support level. Possible to bounce back from the support as it has been tested several times.

However, it also can go more deeper if breaks the current support level. Therefore wait for the breakout to either side.
#MINA Chart Idea:

#MINA major resistance breakout. Possible to reach $1.6945.

DYOR and get an entry.
#BTC DOMINANCE ANALYSIS

BTC.D is moving in a descending triangle on the daily timeframe. Currently, it is near the trendline resistance. The RSI is in the overbought region and forming a bearish divergence.

A rejection could be a possible scenario from the trendline. A drop in BTC.D while BTC moves sideways or shows a bullish sign would be a strong bullish sign for Alts.
🆕 New Artificial Liquid Intelligence (ALI), Block (BLOCK), Chainlink (LINK), General Event (CRYPTO), Gitcoin (GTC), Maker (MKR), Polygon (MATIC), Solana (SOL), Avalanche (AVAX) event!

From 29 May to 31 May 2024
Consensus by CoinDesk
Genesis Cleared by Court to Sell GBTC Shares Worth $1.3 Billion: BBG
👀 BlackRock’s Bitcoin ETF passes 100K $BTC under management

BlackRock has multiplied the iShares Bitcoin Trust’s holdings by more than 3,700% since debuting IBIT in January. 📈

Notably, the ETF has seen combined daily inflows break another record at $631.3 million, indicating robust investor interest in Bitcoin. 📊
MASK analysis:

Price is currently trading within a range defined by support and resistance levels. It is advisable to avoid trading until a clear break above the resistance or a test of the support zone occurs, which will provide better entries.

Support Area: $3.10-$3.30

Resistance Area: $4.00-$4.15
As Bitcoin hit the $52,000 price mark, it has reclaimed the $1tr market cap today, a key milestone, for the first time since December 2021. BTC now has a bigger market capitalization than giants such as Walmart, Tesla, or Berkshire Hathaway.
Crypto Fear and Greed Index

Index Value : 72
Sentiment : Greed
BTC Price : $51773
ETH Price: $2800
💥JUST IN: #Bitcoin ETFs have taken in over $2 BILLION of new funds in just the last 4 days.

Yesterday was the biggest day of inflows since launch day, with $631m! 🚀
BTC $27M Mass Short Position Liquidation, Metric to Watch Going Forward 🧐

“If we don't generate upside volatility quickly, similar to those two cases, we could see a week or so of sideways moves followed by a price correction.” – Link