Aurelia Butler

The first significant resistance level was around $63,000, where Bitcoin faced some consolidation but eventually pushed through. The next resistance was the 50 EMA, currently sitting near $65,000. BTC has managed to break above this level as well, indicating strong buying pressure and confidence among investors.The price action shows BTC trading above the 50, 100 and 200 EMAs, a bullish signal suggesting that the upward trend is likely to continue. The 100 EMA around $62,000 and the 200 EMA at approximately $60,000 now act as strong support levels. As long as Bitcoin remains above these moving averages, the bullish trend is intact.Looking ahead, the next major resistance level is around $70,000, which was the previous all-time high. If Bitcoin can break above this level, the path to $71,000 and beyond becomes much clearer. The volume analysis supports this bullish thesis, with increasing buying volume as BTC moves higher, indicating sustained interest and demand.The RSI is currently above 60, suggesting that BTC is in bullish territory but not yet overbought. This gives Bitcoin room to run further without immediate risk of a significant pullback.Despite the recent surge above $3,000, Ethereum is still facing significant resistance. The 100 EMA, currently around $3,060, and the 50 EMA, near $3,180, are critical levels that ETH needs to surpass for a sustained bullish trend. More importantly, those moving averages might converge in the foreseeable future, causing a volatility surge not many would expect.On the downside, if Ethereum fails to maintain its position above $3,000, it could retrace back to the support level at $2,800. This support is reinforced by the 200 EMA, which has historically acted as a strong foundation for ETH. A break below this level could signal a deeper correction, potentially dragging the price down to $2,500 or lower.The volume data shows mixed signals. While there has been an uptick in buying volume as ETH crossed the $3,000 mark, it is not as significant as one would hope for a strong bullish continuation. This suggests that while there is interest, it is not enough to guarantee a sustained uptrend without further confirmation.The price action shows XRP consolidating near the $0.52 mark, struggling to break through the resistance levels mentioned above. A successful breakout above these levels could potentially trigger a bullish run, pushing the price toward $0.60 and beyond. However, if XRP fails to break through, it might retrace to support levels around $0.50 or even lower.The volume data suggests a lack of significant buying power at the moment. For a breakout to be successful, XRP needs a surge in volume, indicating increased buying interest. Without this, the resistance levels might hold, preventing any upward movement.Additionally, the Relative Strength Index is currently around the neutral zone. This indicates that XRP is neither overbought nor oversold, giving it room to move in either direction. A rise in RSI above 60 could signal increased bullish momentum, supporting the potential breakout.This article was originally published on U.Today More

U.S. officials arrested Yicheng Zhang in Los Angeles on Thursday, according to an indictment unsealed in U.S. District Court in California’s central district later that day. Daren Li, a dual citizen of China and St. Kitts and Nevis, was arrested at the Atlanta airport in April. The U.S. accused the two of being involved in a type of cryptocurrency investment scam known as pig butchering, which has become a global billion-dollar industry.The defendants are alleged to have instructed co-conspirators to open U.S. bank accounts in the name of shell companies. Victims were induced online into depositing money into these accounts – funds that were then laundered through U.S. financial institutions to bank accounts in the Bahamas. “While fraud in the crypto markets takes on many forms and hides in many far-off places, its perpetrators aren’t beyond the law’s reach,” U.S. Deputy Attorney General Lisa Monaco said in a statement. Li and Zhang are both charged with conspiracy to commit money laundering and six counts of international money laundering. If convicted, the defendants face a maximum of 20 years in prison on each count, the Justice Department said. More

Bitcoin’s price above $66,000 is more than simply a number — it is a psychological threshold for the market, signaling stability after periods of volatility. According to IntoTheBlock, Bitcoin, the first and largest cryptocurrency by market cap, overcame massive on-chain resistance levels with its move past $66,000. The lack of selling during the recent move up past $66,000 might suggest the market’s confidence in BTC. Bitcoin skyrocketed when the ETFs went live in January, reaching a high of over $74,000 in March before falling as demand for the investment vehicles waned. At the time of writing, BTC was up 0.36% in the last 24 hours to $66,378 and is up over 8% over the last seven days. Bitcoin has increased by around 58% this year, compared to an 11% increase in the Nasdaq 100.Saylor, known for his bullish stance on Bitcoin and his company’s significant investment in the cryptocurrency, often shares Bitcoin and market-related insights. His latest tweet, “Get the Message,” is cryptic yet suggestive.It could imply a deeper understanding to be gleaned from current market conditions — a message that perhaps only those closely watching can fully appreciate. Saylor posted an image of a clear white bottle placed in the sand with a Bitcoin logo carved on the label.That said, Saylor’s tweet may be a rallying cry, encouraging the community to recognize the strength and potential of Bitcoin amid ongoing market uncertainty. However, without additional information, Saylor’s tweet remains subject to interpretation.This article was originally published on U.Today More

Penguiana’s presale, the penguin-themed Solana meme coin, has now surpassed 1,500 SOL. The team believes this achievement underscores the growing interest surrounding Penguiana within the crypto and meme coin communities.Inspired by the playful and communal nature of penguins, Penguiana is more than just another meme coin. It is poised to become a significant player in the Solana ecosystem, leveraging the blockchain’s fast processing and low fees to attract both crypto enthusiasts and meme coin lovers.$PENGU Token and Its UtilityAt the heart of Penguiana lies the $PENGU token, with a total supply of 100 million tokens. Sixty percent of these tokens (60 million) are allocated for the presale, offering early adopters a chance to participate in the project’s journey from the start.The $PENGU token is designed for in-app usage within Penguiana’s ecosystem, particularly in the upcoming play-to-earn game.Token holders will use $PENGU to mint exclusive NFTs, purchase in-game items, and participate in special game events, adding utility to the token.The $PENGU token is currently undergoing an audit to ensure it’s security and assure $PENGU token holders that the token contract has been verified by a third party to be secure.Presale Details and ParticipationThe Penguiana presale continues is underway, with more than 15 days remaining.Here are the key details:Total Supply: 100 Million $PENGU TokensPresale Allocation: 60 Million $PENGU TokensPresale Duration: 31 DaysPresale Caps: Minimum 0.5 SOL, Maximum 100 SOLUsers can acquire $PENGU tokens by visiting the link below.How to Join the Penguiana PresaleWallet Preparation: Users need to set up a Solana-compatible wallet such as Phantom or Solflare. It is crucial to use a private wallet for this transaction, as transfers from centralized exchanges are not eligible for the airdrop.Available $SOL Balance: Users need to SOL tokens on their private wallet.Sending $SOL to the Presale Address: Interested users should navigate to the Penguiana presale page (https://penguiana.com) to find the designated presale address. Users need to verify the address and send their SOL contribution.Allocation Check: Users need to check their $PENGU token allocation in the designated section on the presale page.$PENGU Token Airdrop: After the presale concludes, $PENGU tokens will be airdropped to participants’ wallets in proportion to their contributions.Upcoming Game Trailer and Major AnnouncementsPenguiana is set to release a game trailer next month, showcasing the play-to-earn features of the $PENGU token. Additionally, the team has announced that several partnerships will be revealed next month, further solidifying Penguiana’s position in the market.About PenguianaPenguiana is more than just a meme coin; it’s a pioneering project on the Solana blockchain that integrates the fun of meme culture with the profitability and engagement of a play-to-earn blockchain game. Utilizing Solana’s high throughput and low transaction costs, Penguiana aims to provide a seamless and immersive gaming experience that rewards its players.Stay Connected with PenguianaWebsite: https://penguiana.comTelegram: https://t.me/penguianaDiscord: https://discord.com/invite/y7M3yDFjUtTwitter: https://twitter.com/penguianaonsolPenguiana is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.ContactTeam LeadZan [email protected] article was originally published on Chainwire More

While QE is an economic measure that works based on the situation, liquidity-strained Chinese real estate developers can now gain access to more operating funds. Though this measure is expected to jumpstart businesses, the release of capital as liquidity might further place a strain on the fiat currency.The potential fiat devaluation that will follow the flooded economy poses a potential catalyst for Bitcoin and other major hedges against inflation – gold. To Dan Tapiero, “the explosive upmove in Chinese Real Estate stocks” after more than a decade of a long bear market caused a lot of pain. This new pivot is positive to boost global liquidity, which Bitcoin can also lean on. In his projection, other risk assets and stocks like Ethereum and the tech heavy-NASDAQ Composite will also benefit overall.However, Bitcoin is known as one of the most resilient assets in the world. Once the market prices in the impact of Chinese real estate QE, as teased by Tapiero, the real BTC price discovery may then commence.In the grand scheme of the market’s outlook, Tapiero is optimistic that Bitcoin is fated to soar from $90,000 to $200,000 in the long term.This article was originally published on U.Today More