Cryptocurrency

The chart illustrates how difficult it has been for Bitcoin to hold onto the critical support level at $65,000. BTC is in danger of crossing this crucial threshold due to strong selling pressure. The drop below this threshold will trigger additional liquidations followed by an intensifying downward trend. More sell-offs have been observed in the recent trading volume, suggesting that traders are getting more panicked. There is a possibility that the current price decline is overextended as the Relative Strength Index (RSI) has entered the oversold region. That being said, the downward momentum cannot be stopped by the oversold RSI alone, particularly when selling pressure is persistent. The gloomy outlook is exacerbated by worries about regulatory crackdowns and macroeconomic uncertainties. With many investors choosing to liquidate their holdings rather than hold through the volatility, general market sentiment is still cautious.Moving averages for Bitcoin also show a sad picture from a technical standpoint. There is a decrease in the upward momentum indicated by the flattening of the 50-day EMA. SHIB’s failure to hold the 200-day Exponential Moving Average (EMA), which many traders view as a strong support level, indicates a significant breakdown in the most recent chart. SHIB has fallen precipitously as a result of the loss of this support level, which set off a rapid decline. The next crucial level is currently the psychological support at $0.000015, but given the momentum, even this might not hold.The trading volume confirms that the market sentiment has turned decisively bearish by showing an increase in selling pressure. Given that the Relative Strength Index (RSI) is currently well into oversold territory it is possible that SHIB is currently undervalued. But given the present negative sentiment the oversold situation might not be sufficient to stop the declining trend on its own. SHIB may be approaching multi-month lows and may test levels not seen since the start of the year if it keeps declining. Bearishness is increased by the weakness of the cryptocurrency market as a whole and the absence of a compelling use case for Shiba Inu. Without a big catalyst the market dynamics imply that SHIB may have trouble finding a bottom in the near future. It is advisable to prepare for additional fluctuations and possible drops. It appears that SHIB will continue to move lower until it can recover and maintain above the 200 EMA which is a significant technical setback. In a market characterized by volatility, XRP’s resilience is surprising. The asset has managed to hold its ground while other major cryptocurrencies have seen significant declines. The chart shows that XRP is maintaining its position above several key moving averages, including the 50-day EMA (blue line) and the 200-day EMA (orange line), which is an encouraging sign for investors.The trading volume for XRP has been relatively steady, indicating that there is still significant interest in the asset. The Relative Strength Index (RSI) is in a neutral zone, suggesting that XRP is neither overbought nor oversold at this point. This balance further supports the notion that XRP is currently in a stable phase.This article was originally published on U.Today More

This article was originally published on U.Today More

Nummus Casino, the popular web and Telegram-based casino and sportsbook, is excited to announce the launch of its highly anticipated $Nummus Token presale on June 17th, 2024. Aiming to revolutionize the $80 billion global online gambling industry, this new digital currency will seamlessly integrate into the Nummus ecosystem, offering an unparalleled experience for all users.The casino, which already features sports betting, casino games, and crypto favorites like Spaceman and Aviator, will offer 50 million $NUMMUS Tokens through Nummus Casino.For more information about the $NUMMUS Token presale, users can visit the Presale Website.VIP Program at Nummus CasinoNummus Casino is working to redefine the online gaming experience with its exclusive VIP Program for $NUMMUS Token holders. Perks include:About Nummus CasinoNummus Casino is a KYC-free crypto casino project aiming to revolutionize the online gambling industry. With over 20 years of iGaming experience, the team brings deep market expertise to the table.The Telegram Casino features live games from top providers like Evolution Gaming and popular crypto favorites like Spaceman and Aviator, alongside classic slots like Sweet Bonanza and Starburst.Fully licensed and backed by a casino operator, Nummus Casino ensures a safe and transparent platform. Users can earn more about Nummus Token on the project’s official website.Casinos and BlockchainsGambling has rapidly become one of the most popular applications of blockchain technology due to its enhanced security and verifiable trust. Crypto offers numerous advantages to the gambling world, reducing costs, enabling instant deposits and withdrawals depending on the cryptocurrency used, and being ideal for micropayments.Globally, the online gambling sector is the fastest-growing part of the gambling industry, projected to reach $86 billion in 2023.Useful Links:Nummus CasinoNummus Token PresaleTwitter (X) TelegramContactEmre Olcenemre@nummuscasino.comThis article was originally published on Chainwire More

This inquiry comes as Bitcoin’s price chart depicts an inverse head and shoulders pattern formation, a technical pattern often seen as a bullish indicator, and which preceded Gold’s breakout in the aforementioned periods.The inverse head and shoulders pattern is a well-known technical analysis formation that typically signals a reversal from a downtrend to an uptrend. This pattern consists of three main components: the left shoulder, which is a price decline followed by a rise, the second a head, which is a more significant price decline, followed by another rise. Third is the right shoulder, which is a smaller decline, followed by another rise.Bitcoin is in the process of completing this pattern, currently forming the right shoulder, according to the BTC chart presented by Brandt, sparking interest in the potential implications for future price movements.Brandt’s question centers on whether Bitcoin’s current chart will follow the fractal patterns of Gold during two distinct periods 2008-2009 and 2020-2024, which saw Gold break out from an inverse head and shoulder pattern.The veteran trader presented two Gold charts from both periods; the 2008 to 2009 era for Gold showed much more substantial gains compared to 2020-2024, which showed lesser gains.The timing of Brandt’s question coincides with a period of uncertainty, with Bitcoin falling to a one-month low as outflows from digital-asset investment products and the possibility of higher-for-longer U.S. borrowing costs weighed down the cryptocurrency market. At the time of writing, BTC was down 1.75% in the last 24 hours to $64,441.As Bitcoin’s chart continues to develop, traders and investors are keenly watching for signs of which historical pattern it might follow. Whether Bitcoin will mirror Gold’s performance from 2008-2009 or 2020-2024 remains to be seen.This article was originally published on U.Today More

He summarized the current state of the cryptocurrency market in just one small sentence.The $65,100 zone has been acting as a support for Bitcoin all this time as BTC has hit this level three times and then bounced from it. Over the last 24 hours, Bitcoin lost close to 3% and fell to $65,090 but then quickly rebounded back to $65,770 to face a decline again.Altcoins have been following Bitcoin’s ups and downs all this time, making the market bleed to death.Billy Markus commented on all those volatility movements, saying, “Wow crypto market you suck.”His followers immediately posted multiple responses to that critical market statement, some agreeing with the DOGE cofounder and others pointing out that the market regularly goes through periods of high volatility, and there is that nothing can be done about this.He confessed that these questions continue to sound funny to him since he believes that nobody can predict “this degenerate casino,” as he referred to the market.Regardless of the overall state of the market, however, Billy Markus made a curious statement on the X platform yesterday, surprising many crypto users. In a “Bitcoin or Dogecoin” debate, he picked BTC, tweeting: “I’d rather have 1 bitcoin than 1 dogecoin tbh.”At the start of this year, the DOGE creator revealed the size of his Bitcoin holdings, 0.006 BTC, which is currently worth $391.07. Should BTC hit $100,000 at some point, Markus said that he would celebrate this fact by having dinner at Olive Garden restaurant.This article was originally published on U.Today More

According to Glassnode Cofounders, who go by the name “Negentropic” on X, Bitcoin bulls might need to keep a vigilant eye on the $64,000 and $65,000 levels, which are emerging as crucial junctures for BTC’s price action.Amid the current price dip, Bitcoin (BTC) now exhibits the potential to rebound toward $67,000, Negentropic stated.However, this level may create resistance, and overcoming it could set BTC on a path toward an even higher target of $69,500. On the flip side, the $65,000 mark is being watched as a crucial psychological support level, one that could play a pivotal role in maintaining investor confidence.Negentropic highlights the importance of the $65,000 level, not merely as a psychological support, and urges Bitcoin traders to keep an eye on it. However, despite the possibility of dips to $62,000 or even $60,000, the market’s sentiment remains cautiously optimistic.As the market waits for Bitcoin’s next major move, investors and traders may want to keep an eye on these important levels to efficiently navigate present market dynamics.At the time of writing, BTC was down 0.48% in the last 24 hours to $64,795 after dipping to lows of $64,555 in today’s trading session. Bitcoin fell to a one-month low as outflows from digital-asset investment products and the possibility of higher-for-longer U.S. borrowing costs dampened the cryptocurrency market.As Bitcoin has dipped below the $65,000 mark, IntoTheblock reveals that on-chain data suggests strong demand levels down to $61,600. The closest significant support level, however, lies around $64,500, where 1.28 million addresses previously acquired BTC.This article was originally published on U.Today More

Solciety, a new entrant in the crypto’s PolitiFi sector, officially launches today, 18th June at 14:00 UTC, initiating a 30-day presale of its Solciety (SLCTY) tokens.3 billion Solciety (SLCTY) tokens will go on sale, starting at $0.0015, with price increases on the smart contract every 72 hours across ten stages. The final presale price will be $0.0040, giving day one buyers a potential 169% increase on the value of their bags before the project becomes available for public trading.Described as “the political party for degens,” Solciety plans on using the viral potential of memes and political satire to potentially explode alongside the political powder keg that is the 2024 election season.Community numbers have already passed 10,000 across socials before the live presale has even started – an indication that Solciety’s offering of humor and degen politics is resonating with crypto communities around the world.Straddling the Solana meme coin and PolitiFi sectors, worth a combined $10 billion, Solciety is strategically placed across two of crypto’s most powerful narratives. And with Solana displacing Ethereum as the #1 maker of blue-chip meme coins thanks to its drastically lower fees, Solciety has multiple tailwinds behind it.Solciety (SLCTY) tokens will be available to purchase on the Solciety website from the 18th June at 14:00 UTC.Solciety’s mission is underpinned by two main components:Donald Trump-inspired coins rule the roost, with both official and unofficial Trump-themed coins clocking more than $500 million in market cap, making up over half of the sector’s total capitalization.MAGA token growth in 2023-2024 (Source, CoinGecko)Triple-digit rallies (or more) are commonplace here. In the period leading up to the 3rd June, the MAGA token, a tribute to the potential “crypto president,” rallied by more than 80,000% from launch price to recent highs. Super Trump even surged by 10x in one day. It’s not all MAGA, though: Jeo Boden, a parody of the current president, rallied 40x from March to April.With PolitiFi likely to progress further as election season ramps up, Solciety could be the PolitiFi coin that comes out on top and unites degens across the political spectrum.Some SOL memes have performed impressively this year. A Dogwifhat (WIF) holder registered a 13,000x gain on a $310 investment, pocketing $4 million in profit this year. Meanwhile, Iggy Azalea’s MOTHER token recently turned $3k into $9 million for one trader.Plus, with the PolitiFi sector following US election buzz and the baked-in virality offered by Solciety’s Meme Campaigner tool, the team aims to present a high-potential investment to coincide with the bull run.Solciety (SLCTY) tokens will be available to purchase on the Solciety website from the 18th June at 14:00 UTC.For more information and to buy Solciety (SLCTY) users can visit the website.Website | Whitepaper | SocialsContactSolcietySolcietymarketing@solciety.ioThis article was originally published on Chainwire More

Renzo, the Liquid Restaking Protocol, today announced $17M in funding. As of today, nearly $4B is already restaked with Renzo. The funding, which took place across two rounds, was first led by Galaxy Ventures and the second round led by the Nova Fund – BH Digital (based in Abu Dhabi). This follows $3.2m of funding previously via Maven11, Figment Capital and Binance Labs. Restaking is rapidly becoming a core pillar for scaling security on Ethereum, but it’s complicated, risky and expensive thus hindering user growth. Renzo, built on EigenLayer, is being built to make restaking accessible and easy, and its new funding round will expand its restaking services.Renzo acts as a secure user-friendly interface to the EigenLayer ecosystem, securing AVS (Actively Validated Services) and accessing restaking rewards while simplifying the process and allowing for secure integrations with node operators.It is accessible from Arbitrum, Base, Blast, Linea, Mode and BNB Chain with over 100 DeFi integrations. Renzo is the restaking hub of EigenLayer built to streamline and expand access to the most intelligent Liquid Restaking strategies. Powered by institutional-grade node operators, Renzo abstracts away the complexities of securing Actively Validated Services (AVS) while delivering a powerful interface for risk management and rewards tracking on EigenLayer. With Renzo’s ezETH—the most integrated Liquid Restaking Token (LRT)—users can access broad exposure to the EigenLayer (and Ethereum) ecosystems with more opportunities to generate rewards. Uses can earn more by visiting https://www.renzoprotocol.com/ContactContributorLukasz KozinskiRenzo LabsLucas@renzoprotocol.comThis article was originally published on Chainwire More