BTC growth and dominance
👨🏻💻Bitcoin has moved up by ~8% since yesterday evening against the backdrop of a fundamental positive over the past week:
- BlackRock, WisdomTree and Invesco have applied for a spot Bitcoin ETF;
- the EDX crypto exchange was launched, supported by top funds from traditional markets: Fidelity, Citadel Securities, Schwab.
- many other crypto-events.
💁🏻♂️What's the viola?
The gap between BTC and Alta widened significantly in June following the SEC announcements. In the example of five portfolios (infographic above), BTC fell by only 3% compared to the March highs, while other sectors fell by 30-46%. L2 network tokens showed the worst dynamics.
👾As a result, with the growth of BTC, we have a fairly strong increase in dominance (at the moment, almost 51%). So you need to be careful with positions in alt, also today and tomorrow at 10 am there will be speeches by the head of the Fed, we may see high volatility.
👨🏻💻Bitcoin has moved up by ~8% since yesterday evening against the backdrop of a fundamental positive over the past week:
- BlackRock, WisdomTree and Invesco have applied for a spot Bitcoin ETF;
- the EDX crypto exchange was launched, supported by top funds from traditional markets: Fidelity, Citadel Securities, Schwab.
- many other crypto-events.
💁🏻♂️What's the viola?
The gap between BTC and Alta widened significantly in June following the SEC announcements. In the example of five portfolios (infographic above), BTC fell by only 3% compared to the March highs, while other sectors fell by 30-46%. L2 network tokens showed the worst dynamics.
👾As a result, with the growth of BTC, we have a fairly strong increase in dominance (at the moment, almost 51%). So you need to be careful with positions in alt, also today and tomorrow at 10 am there will be speeches by the head of the Fed, we may see high volatility.
Wall Street enters crypto, while SEC sues major exchanges
Last week, the crypto market experienced a wave of shock as the SEC filed charges against the two largest crypto exchanges in the U.S., Binance and Coinbase (NASDAQ:COIN). The regulator claimed that these platforms violated U.S. securities laws.
This happened after SEC first sued Ripple Labs in late 2020 and has recently been clamping down on various crypto platforms, including, again, Coinbase (when it forbade them to launch a crypto lending service last year) and Kraken.
However, at the same time, large Wall Street companies are entering the crypto space as was mentioned above, including the largest bank in Germany, Deutsche Bank (ETR:DBKGn), now seeking a license to start offering crypto custodial services to its clients.
However, many Bitcoin maxis believe that Wall Street entering crypto is a great sign for Bitcoin adoption and for BTC's future.
Last week, the crypto market experienced a wave of shock as the SEC filed charges against the two largest crypto exchanges in the U.S., Binance and Coinbase (NASDAQ:COIN). The regulator claimed that these platforms violated U.S. securities laws.
This happened after SEC first sued Ripple Labs in late 2020 and has recently been clamping down on various crypto platforms, including, again, Coinbase (when it forbade them to launch a crypto lending service last year) and Kraken.
However, at the same time, large Wall Street companies are entering the crypto space as was mentioned above, including the largest bank in Germany, Deutsche Bank (ETR:DBKGn), now seeking a license to start offering crypto custodial services to its clients.
However, many Bitcoin maxis believe that Wall Street entering crypto is a great sign for Bitcoin adoption and for BTC's future.
U.Today - Bitcoin, the world's largest cryptocurrency by market cap, has experienced a sudden surge, breaking above the $30,000 price point for the first time since Apr. 19.
Image by This notable increase comes on the heels of significant movements in the crypto investment sphere, particularly revolving around exchange-traded fund (ETF) filings by financial heavyweights BlackRock (NYSE:BLK) and Invesco .
Last week, asset management giant BlackRock filed an application for what would be the first-ever spot Bitcoin ETF in the U.S. Despite some skepticism by leading analysts, this move by BlackRock has been viewed as a strong signal of Bitcoin's continued interest among the world's largest financial institutions.
The world's largest cryptocurrency is changing hands at $30,397 on the Bitstamp exchange at press time. It is up more than 11% over the past 24 hours alone.
The market cap of the largest cryptocurrency currently stands at $592 billion.
Image by This notable increase comes on the heels of significant movements in the crypto investment sphere, particularly revolving around exchange-traded fund (ETF) filings by financial heavyweights BlackRock (NYSE:BLK) and Invesco .
Last week, asset management giant BlackRock filed an application for what would be the first-ever spot Bitcoin ETF in the U.S. Despite some skepticism by leading analysts, this move by BlackRock has been viewed as a strong signal of Bitcoin's continued interest among the world's largest financial institutions.
The world's largest cryptocurrency is changing hands at $30,397 on the Bitstamp exchange at press time. It is up more than 11% over the past 24 hours alone.
The market cap of the largest cryptocurrency currently stands at $592 billion.
Bitcoin accelerated very well, having already fulfilled its minimum plan.
If we remove the time shifts, then there is a similarity with March of this year (see the idea above).
If I will be reduced, then at $34-37k. In the meantime, my focus is on the viola, and the cue ball needs to cool down.
https://www.tradingview.com/x/jumRuOdP/
If we remove the time shifts, then there is a similarity with March of this year (see the idea above).
If I will be reduced, then at $34-37k. In the meantime, my focus is on the viola, and the cue ball needs to cool down.
https://www.tradingview.com/x/jumRuOdP/
TradingView
COINBASE:BTCUSD Chart Image by JohnOm
🔵BTC analytics
🔵 Chart 1 day time frame
Friends, good afternoon. As a result of the reactions, you wanted me to publish #BTC analytics. A lot has changed since my last review. The asset has emerged as a willing buyer amid news that major corporations BlackRock, Fidelity, WisdomTree, Charles Schwab, Invesco and Citadel and others are applying for a Bitcoin-ETF spot, which if approved will bring a huge influx of liquidity into the market. We see the formation of a double top pattern at $30792.5 and $31079.2, which in most cases is a harbinger of a strong fall.
If we fail to consolidate above the strong level of $31,000 and Fibonacci 1, we will see a strong correction, up to updating the local bottom (Previous local bottom at $24816.1). Parabolic SAR dots are below the chart, signaling the strength of a fresh buyer. We saw an impulsive breakdown of the descending triangle, which was formed from the trend sloping resistance and the support of $25518.3.
I would like to draw your attention to the dominance of BTC, which makes a local move every day and has already reached 51.8% today (This means that more than half of the liquidity of the entire market is concentrated in BTC, and another 20% in ETH). The most likely scenario is trading in the range of $29574.3 - $30878.5 to unload a number of indicators (Overbought RSI, stochastic oscillator, balance volume and others) followed by an attempt to break through the liquidity of $30.000 - $32.000. Do not forget that BTC moves exclusively from the news and if the news comes out tomorrow that all applications of large companies are rejected, we will see a strong, impulsive decline.
🔵 Chart 1 day time frame
Friends, good afternoon. As a result of the reactions, you wanted me to publish #BTC analytics. A lot has changed since my last review. The asset has emerged as a willing buyer amid news that major corporations BlackRock, Fidelity, WisdomTree, Charles Schwab, Invesco and Citadel and others are applying for a Bitcoin-ETF spot, which if approved will bring a huge influx of liquidity into the market. We see the formation of a double top pattern at $30792.5 and $31079.2, which in most cases is a harbinger of a strong fall.
If we fail to consolidate above the strong level of $31,000 and Fibonacci 1, we will see a strong correction, up to updating the local bottom (Previous local bottom at $24816.1). Parabolic SAR dots are below the chart, signaling the strength of a fresh buyer. We saw an impulsive breakdown of the descending triangle, which was formed from the trend sloping resistance and the support of $25518.3.
I would like to draw your attention to the dominance of BTC, which makes a local move every day and has already reached 51.8% today (This means that more than half of the liquidity of the entire market is concentrated in BTC, and another 20% in ETH). The most likely scenario is trading in the range of $29574.3 - $30878.5 to unload a number of indicators (Overbought RSI, stochastic oscillator, balance volume and others) followed by an attempt to break through the liquidity of $30.000 - $32.000. Do not forget that BTC moves exclusively from the news and if the news comes out tomorrow that all applications of large companies are rejected, we will see a strong, impulsive decline.
Rumors are swirling within the community following a series of intriguing tweets from key individuals involved in the project. A member of the NFA Labs team recently took to social media to share a tantalizing glimpse into the future. According to their tweet, they had a conversation with , a prominent spokesperson for SHIB, which left them excited and motivated.
In response to this tweet, Kusama himself acknowledged the message and issued a cryptic warning. Without providing specific details, he conveyed the seriousness of their intentions, suggesting that the community would soon discover the truth. The atmosphere became more mysterious when another influential figure in the Shiba Inu space, known as Ringoshi Toitsu, engaged in a Twitter exchange.
Earlier on the same day, Kusama, who is known to be less active on social media, had already shared some insights regarding future developments in the ecosystem. He also indicated that his role might become less significant in the future, stating that it would no longer be necessary.
Is Shibarium on the way?The recent tone of Kusama's message has fueled speculation within the community, suggesting that there may be more to the forthcoming updates than initially anticipated.
Could the enigmatic statements be alluding to , the highly anticipated Layer 2 solution set to form the foundation of the Shiba Inu ecosystem? The relaunch of Puppynet Explorer, a test version of Shibarium, only adds to the speculation.
The answers, however, lie in the coming weeks, as the countdown to July begins.
In response to this tweet, Kusama himself acknowledged the message and issued a cryptic warning. Without providing specific details, he conveyed the seriousness of their intentions, suggesting that the community would soon discover the truth. The atmosphere became more mysterious when another influential figure in the Shiba Inu space, known as Ringoshi Toitsu, engaged in a Twitter exchange.
Earlier on the same day, Kusama, who is known to be less active on social media, had already shared some insights regarding future developments in the ecosystem. He also indicated that his role might become less significant in the future, stating that it would no longer be necessary.
Is Shibarium on the way?The recent tone of Kusama's message has fueled speculation within the community, suggesting that there may be more to the forthcoming updates than initially anticipated.
Could the enigmatic statements be alluding to , the highly anticipated Layer 2 solution set to form the foundation of the Shiba Inu ecosystem? The relaunch of Puppynet Explorer, a test version of Shibarium, only adds to the speculation.
The answers, however, lie in the coming weeks, as the countdown to July begins.
In a recent Twitter exchange, , a former attorney and ex-director of the SEC's San Francisco office, shared his perspective on the likelihood of a civil suit brought by XRP buyers against the SEC. Fagel's remarks have sparked concerns within the community, as they cast doubt on the potential success of the investors' legal action against the regulatory agency.
Responding to a query from a member of the community regarding the possibility of a civil suit, Fagel expressed his belief that the case was unlikely to succeed under current legal conditions. He suggested that pursuing such a lawsuit could even subject the filing attorney to potential sanctions, based on the known facts surrounding the situation.
While acknowledging that his perspective might be perceived as biased, Fagel emphasized that he had previously litigated against the , challenging any preconceived notions.
The conversation continued as the questioner drew attention to the existing XRP holders' class action , spearheaded by John Deaton and comprising an impressive count of approximately 75,000 plaintiffs. Fagel responded, indicating that while there might be attorneys less risk-averse who would be willing to take on the case, he expressed skepticism about its prospects, stating, "not gonna work out well."
The words of the former director of the may seem gloomy and pessimistic to some, but given the professional experience, not to take them into account at a time of total confusion in the field of crypto regulation is unacceptable.
Responding to a query from a member of the community regarding the possibility of a civil suit, Fagel expressed his belief that the case was unlikely to succeed under current legal conditions. He suggested that pursuing such a lawsuit could even subject the filing attorney to potential sanctions, based on the known facts surrounding the situation.
While acknowledging that his perspective might be perceived as biased, Fagel emphasized that he had previously litigated against the , challenging any preconceived notions.
The conversation continued as the questioner drew attention to the existing XRP holders' class action , spearheaded by John Deaton and comprising an impressive count of approximately 75,000 plaintiffs. Fagel responded, indicating that while there might be attorneys less risk-averse who would be willing to take on the case, he expressed skepticism about its prospects, stating, "not gonna work out well."
The words of the former director of the may seem gloomy and pessimistic to some, but given the professional experience, not to take them into account at a time of total confusion in the field of crypto regulation is unacceptable.
🔵LTC coin analytics
🔵 Chart 4 hour timeframe
Friends, good afternoon. As a result of the reactions, you wanted me to publish analytics on #LTC. Large volumes passed in the coin, which contributed to the further growth of the price, the trend, sloping resistance at $76.07 was broken. Let's pay attention to Japanese candles, long candles have long bodies, and short ones, in turn, are short, which indicates a clear predominance of buyers over sellers.
The activity on the part of the buyers led to the breakdown of the 0.5 level, as well as the 0.382 Fibonacci level, and now the price is trading above it. At $76.70 and $86.28, we can see bullish engulfing patterns that have formed, which are a sign of confirmation of buying strength. I also remind you that LTC will soon have a halving (August 2), which helps the coin to remain attractive for a set of medium-term positions.
The relative strength indicator RSI has gone into the overbought zone and is at around 73.63 points, so I allow a small trade above the 0.382 Fibonacci level. The CCI indicator is in positive values for a long time, which tells us about the continuation of the upward trend in the coin. I also want to remind you that the dominance of BTC is still at very high values and in the event of a fall in the first cryptocurrency, LTC will follow it. Comprehensively, I expect a small correction of the coin to the level of 0.5 Fibonacci, or a trading above the level of 0.382 Fibonacci (since many indicators require unloading) with subsequent further price growth.
🔵 Chart 4 hour timeframe
Friends, good afternoon. As a result of the reactions, you wanted me to publish analytics on #LTC. Large volumes passed in the coin, which contributed to the further growth of the price, the trend, sloping resistance at $76.07 was broken. Let's pay attention to Japanese candles, long candles have long bodies, and short ones, in turn, are short, which indicates a clear predominance of buyers over sellers.
The activity on the part of the buyers led to the breakdown of the 0.5 level, as well as the 0.382 Fibonacci level, and now the price is trading above it. At $76.70 and $86.28, we can see bullish engulfing patterns that have formed, which are a sign of confirmation of buying strength. I also remind you that LTC will soon have a halving (August 2), which helps the coin to remain attractive for a set of medium-term positions.
The relative strength indicator RSI has gone into the overbought zone and is at around 73.63 points, so I allow a small trade above the 0.382 Fibonacci level. The CCI indicator is in positive values for a long time, which tells us about the continuation of the upward trend in the coin. I also want to remind you that the dominance of BTC is still at very high values and in the event of a fall in the first cryptocurrency, LTC will follow it. Comprehensively, I expect a small correction of the coin to the level of 0.5 Fibonacci, or a trading above the level of 0.382 Fibonacci (since many indicators require unloading) with subsequent further price growth.
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із найсвіжішими новинами зі світу робототехніки та ІТ
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✅Підписуйся і будь в курсі всіх новин в один клік!
ІНЖЕНЕРІЯ В ДІЇ
із найсвіжішими новинами зі світу робототехніки та ІТ
✔️Канал без реклами!!!
✔️Огляди гаджетів
✔️Щоденні оновлення
✔️Розширення знань у сфері IT
✔️Прокачування мозку за допомогою новітніх технологій
✅Підписуйся і будь в курсі всіх новин в один клік!