Cardano Development Teams Drive Advancements in Core Technology, How Far Will ADA Go This Bull Cycle?
Cardano's #Hydra boosts network reliability, Ledger fixes critical bugs, and 20+ developers graduate from #Cardano

@cryptoRoyal2020

 𝗪𝗵𝘆 𝗦𝗵𝗼𝗿𝘁-𝗧𝗲𝗿𝗺 𝗛𝗼𝗹𝗱𝗲𝗿 𝗦𝗲𝗹𝗹𝗲𝗿 𝗘𝘅𝗵𝗮𝘂𝘀𝘁𝗶𝗼𝗻 𝗠𝗮𝘁𝘁𝗲𝗿𝘀 𝗶𝗻 𝗧𝗼𝗱𝗮𝘆’𝘀 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 🤔
𝗟𝗲𝘁’𝘀 𝗷𝘂𝗺𝗽 𝗶𝗻👇
Short term Seller exhaustion refers to a market condition where a significant number of short-term investors have sold their holdings, typically at a loss.

@cryptoRoyal2020

Bitcoin holders have accumulated $23 billion worth of the cryptocurrency in just 30 days.
 The surge in accumulation occurs amid market volatility and regulatory challenges.
In a striking display of confidence, Bitcoin holders, often referred to as “hodlers,” have significantly increased their positions over the past month. Data from on-chain analytics platforms reveals that these long-term investors have collectively added substantial Bitcoins. Approximately $23 billion worth of BTC have been added to their holdings in just 30 days.

@cryptoRoyal2020

According to a recent analysis by crypto analyst Captain Faibik in an X post the Bitcoin price has seen a rebound in price. The current technical setup on the daily chart suggests a bullish flag formation, indicating possible upward movement in the near term.

@cryptoRoyal2020

Mox Bank, a virtual bank in Hong Kong and a subsidiary of Standard Chartered, has launched crypto exchange-traded fund (ETF) trading. This move marks the bank as the first of its kind to offer direct trading of spot Bitcoin and Ether ETFs in the city. The announcement came on August 7, reflecting Mox’s commitment to expanding its crypto offerings.

@cryptoRoyal2020

$BTC Downside Targets🔽

The markets did recover quite well over 48 hours. Generally during these flash crashes we see 20-40% recoveries across the board. We are seeing that now. Could we have a smaller dip down, YES, but it’s not necessary. Markets are def fearful and retail isn’t necessarily buying atm.

If we dipped lower here are some potential levels to pay attention to:

$54.6k and $52.6k.

Anything below this and we are sweeping liquidity as low as $49k.

Even Lower Potential Targets??

I believe based on historical data that, the price of Bitcoin can revisit its yearly open. Bitcoin opened at $42k.

If we have to revisit this level, then a 42k bitcoin is most likely. We could even just wick down to it.

For now I am looking forward to this week’s close. We need to stay above $59k and hold to be optimistically bullish.
@beinginvested #Bitcoin2024
...Rea

@cryptoRoyal2020

Historically, August is a weak month for $BTC
Kaiko believes the trend will continue this year due to market uncertainty and a massive shakeout over the weekend. Imagine one August youll waking up and see your orange coin cost 0. fun right?)

@cryptoRoyal2020

The possibility of a Bitcoin supply shock has increased, especially after the recent crash.
The Bitcoin exchange reserves indicator is now lower than it was last week, signaling a potential supply shock.
The recent market observations suggest an increased likelihood of a Bitcoin supply shock, especially following the latest market crash.
A supply shock in Bitcoin’s context would occur if exchange reserves plummeted to extremely low levels, while demand either remained steady or surged.

@cryptoRoyal2020

Bitcoin ETFs See Inflows Surge as BlackRock’s IBIT Leads with $52.5 Million
#BitcoinETFs saw $45.1M inflows, while #EthereumETFs faced $23.7M outflows. Market #volatility continues. #Crypto #Bitcoin #Ethereum

@cryptoRoyal2020

BTC potential short area. If it breaks the $60,000 level, this will invalidate the short setup.

It is crucial to monitor whether #Bitcoin is able to break above $60,000. A break above $60,000 would be bullish and will bring positive sentiment to the market.

@cryptoRoyal2020

Solana (SOL) saw a modest gain of 1%, contributing to the overall market uptick. Dogecoin (DOGE) also performed well, with a 0.95% increase, while Cardano (ADA) experienced a 0.65% rise. These gains are indicative of a broader market rally, with Bitcoin setting the pace.
The market capitalization of the cryptocurrency market now stands at $2.66 trillion, reflecting a 1.12% increase. Bitcoin’s dominance in the market has also inched up, now at 50.54%, a slight increase of 0.15%. The Fear & Greed Index, a measure of market sentiment, currently stands at 73, indicating a state of greed among investors

@cryptoRoyal2020

 recent weeks, a significant controversy has erupted involving WazirX, a prominent cryptocurrency exchange in India. Crypto sleuth TruthLabs accused the company of negligence, which allegedly resulted in a massive loss of over $230 million in users’ funds.
The backlash against WazirX has been fueled by the exchange’s perceived failure to adequately address these concerns. This situation highlights a troubling pattern in the cryptocurrency industry, where transparency and accountability are often overshadowed by defensive rhetoric and evasive actions.

@cryptoRoyal2020

Bitcoin maintains its market position above $60,000 after a significant early-week drop.
Ethereum sees reduced interest in spot ETFs compared to Bitcoin, impacting liquidity.
Steady demand for Bitcoin call options indicates enduring institutional confidence.
Bitcoin, a leading cryptocurrency, has displayed a remarkable recovery, now consistently rallying above $60,000. This resurgence comes after a tumultuous week in which Bitcoin’s value dipped to a low of $49,000, marking one of the most severe single-day declines in recent years. Despite these fluctuations, Bitcoin’s position in mainstream macrocapital markets strengthens, attracting significant institutional attention.
Ethereum, in contrast, faces liquidity challenges. The introduction of BTC spot ETFs has highlighted a growing disinterest in Ethereum among mainstream investors, captivated by Bitcoin’s narrative as ‘digital gold.’ 

@cryptoRoyal2020

amster Kombat, a previously popular project, suddenly found itself without the support of the influencers who promoted it. Influential people said they had been deceived, which raised questions about the reliability of the project. If the project team did this to those who helped promote it, a reasonable question arises: how will Hamster Kombat treat its users? This situation may cause doubts and fears in the community, which may negatively affect the future of the project and its interaction with users.

#Hamster $HMSTR #HMSTR
...

@cryptoRoyal2020

The 2024 dYdX Ecosystem Report is here 🚀
Key highlights:
🔹 $DYDX holders grew 290% to 53,000
🔹 $270B in trading volume added, nearing $1.5T since 2021
🔹 150+ new markets launched permissionlessly
Full report here ➡️