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$BTC Bitcoin's price prediction is a complex topic, and there are various forecasts and analyses available ¹. Based on recent trends and technical analysis, here are some insights:

- Bitcoin's price seems poised for a decline as it tests the crucial resistance level around $62,000 ².
- If Bitcoin closes above the August 2 high of $65,596, it would establish a higher high on the daily chart, potentially driving a 6% increase in its price to challenge the weekly resistance at $69,648 ².
- Bitcoin could be set for an interesting week as it struggles to recover from its largest drawdown in the current cycle ³.

Keep in mind that these predictions are based on current trends and analysis, but the market can be unpredictable ¹. Always do your own research and consider multiple sources before making any investment decisions.

$BTC On Thursday, top representatives of the Crypto industry met with the White House officials to debate the future of cryptocurrency regulation in the United States.

The event which was hosted by Rep. Ro Khanna included representatives from the Biden administration and the crypto industry where major policies and regulations as well as some incidences like discharge of SEC Chair Gary Gensler were discussed.

Crypto Execs Push for Gary Gensler’s Removal

The meeting was attended by U. S. Deputy Secretary of the Treasury Wally Adeyemo, National Economic Council Director Lael Brainard, and White House Deputy Chief of Staff Bruce Reed. Other attendees included Kristine Lucius, Director of Legislative Affairs for Vice President Kamala Harris.

On the crypto side, Ripple’s CEO Brad Garlinghouse, Uniswap’s Hayden Adams, Circle’s CEO Jeremy Allaire and the billionaire Mark Cuban were in the meeting.

Executives of cryptocurrency companies expressed their concerns on the existing legal framework especially on the SEC in the United States of America. The conversation also addressed the potential dismissal of SEC Chairman Gary Gensler, which shows the industry’s discontent with what they consider aggressive actions towards digital assets.

$BTC #MarketDownturn

Bitcoin's price prediction is a complex topic, and there are various forecasts and analyses available. Based on recent trends and technical analysis, here are some insights:

- Bitcoin's price is expected to experience a relief rally, potentially encountering resistance at the 61.8% Fibonacci retracement level of $62,066 ¹.
- Failure to break above $62,066 might trigger a 19% crash, back to retest the $49,917 daily support level ¹.
- Some predictions suggest Bitcoin's price could reach $65,000 to $72,000 in 2024, $85,000 to $95,000 in 2025, and potentially surpass $100,000 by 2028 ².
- However, it's essential to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly ³.

Keep in mind that these predictions are based on current trends and analysis, but the market can be unpredictable. Always do your own research and consider multiple sources before making any investment decisions.
#TONonBinance #XRPVictory #BlackRockETHOptions #Babylon_Mainnet_Launch $XRP $SOL

#MarketDownturn #Babylon_Mainnet_Launch #ETH_ETFs_Approval_Predictions
Binance, crypto’s largest centralized exchange, saw $1.2 billion in net inflows as digital asset investors capitalized on a massive market drop caused by an unwinding yen carry trade.

Bitcoin’s (BTC) rebound and a bounce in the broader cryptocurrency market spiked trading activity on CEX platforms like Binance in the last 24 hours. Binance CEO Richard Teng, citing DefiLlama data, said the crypto exchange recorded its highest single-day trading volume since the beginning of the year.

Amid the macroeconomic climate and yesterday's market downturn, #Binance recorded a net inflow of US$1.2 billion in the past 24 hours, according to @DefiLlama's CEX Transparency metrics.

This marks one of the highest net inflow days of 2024, indicating strong investor…

— Richard Teng (@_RichardTeng) August 6, 2024

Bitcoin recovered to $55,000 and was up over 5% at press time, following a global market downturn on Aug. 5. Double-digit gains buoyed the total crypto market cap above $2 trillion again.

Market leaders Ethereum (ETH) and Solana (SOL) also retraced losses, delivering profits for “buy-the-dip” investors. Memecoins emerged with one of the largest upticks as tokens like Brett (BRETT), Pepe (PEPE), and Bonk (BONK) posted 10%+ increases.

You might also like: Bitfinex: Bitcoin may restest $48.9k support

Unwinding carry trade kneecapped crypto markets, not recession

Despite speculations of a U.S. recession, the macro-driven impulse flush stemmed from circa $20 trillion Japanese yen-carry trades, according to Goldman Sachs. In this case, a carry trade involves borrowing the yen and selling it into other currencies like the U.S. dollar, then investing that fiat into higher yield-bearing assets.

JPMorgan reportedly estimated that the unwind is only halfway done, and more market shakeouts may be inbound.

M2 CEO Stefan Kimmel echoed analysis from both traditional finance titans.

#Marketdown #BTC_MarketPanic_Dip #ETH_ETFs_Approval_Predictions #bitcoincrash Causes of crypto market drop:

1. Regulatory uncertainty and crackdowns
2. Market volatility and speculation
3. Security concerns and hacking incidents
4. Global economic conditions and interest rate changes
5. Overvaluation and market correction
6. Lack of adoption and mainstream acceptance
7. Technological issues and scalability concerns
8. Environmental concerns and energy consumption

Strategies to navigate a crypto market drop:

1. Diversify your portfolio
2. Set clear investment goals and risk tolerance
3. Stay informed but avoid emotional decisions
4. Consider dollar-cost averaging
5. Focus on long-term potential rather than short-term gains
6. Rebalance your portfolio as needed
7. Consider hedging strategies (e.g., options, futures)
8. Stay calm and avoid panic selling
9. Consider investing in established projects with strong fundamentals
10. Consult with a financial advisor or investment professional

Remember, investing in cryptocurrencies carries inherent risks, and it's essential to be prepared for market fluctuations.#MarketDownturns

🩸🩸🩸U.S. President Donald Trump has become a vocal supporter of Bitcoin, a stark reversal from his previous scepticism of Bitcoin and crypto.

In a recent interview with Bloomberg Businessweek, Trump asserted that Bitcoin is "not going away" and wants the U.S. to lead in Bitcoin and crypto innovation before China or any other country.

NEW 🇺🇸 President Donald Trump says the US must embrace #Bitcoin and crypto to compete on world stage.

This embrace of Bitcoin represents a major shift for Trump. His turnaround comes after delving into crypto and accepting Bitcoin lightning donations during his 2024 campaign.

"My experience with it has been amazing," Trump said about his Bitcoin and crypto experience. "I've seen how it works. It's been really eye-opening."

Trump cited China's advances in Bitcoin and crypto as a key reason the U.S. must secure a leading position. "China is very much into it. If we don't do it, China is going to pick it up. I don't want to be responsible for allowing another country to take over this sphere," he said.

The former president wants to see Bitcoin mining thrive in America, saying "We want all the remaining Bitcoin to be mined in the USA." He also opposes a digital dollar, arguing it would "take away the importance of the dollar."

With Bitcoin supporter J.D. Vance now his running mate, Trump seems intent on making Bitcoin and crypto a signature issue. He is scheduled to give a keynote speech at the upcoming Bitcoin 2024 conference in Nashville next week.

Trump's embrace of Bitcoin indicates how far Bitcoin has come in gaining mainstream acceptance. And with his odds of retaking the presidency rising, Trump may soon be in a position to implement major pro-bitcoin policies.

#BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament #Mt_Gox_BTC_Dip #ETH_ETF_Approval_23July

#IOInternetofGPUs $IO $SHIB

🔥🔥 Critical Warrning for the Shiba Inu (SHIB) Community: 😱😱😱

🩸 "The Shiba Inu team has issued a high-priority alert warning users of a potentially hacked or compromised Telegram group."

The cryptocurrency industry is a dynamic one with many exciting developments happening daily.

However, it’s also oftentimes a target for hackers and wrongdoers who are looking to exploit the inability of novice users to safe keep their crypto.

This is especially true for the meme coin sector.

That said, Shiba Inu (SHIB) is one of the most popular meme coins and it boasts a huge community.

LUCIE, the project’s marketing lead, has just reposted a warning from another member of the Shibarium team, who warned users to stay away from a Telegram group called ShibaSweepers.

Here is a rewritten version of the text:

"No additional information is available at this time. As CryptoPotato previously reported, the primary cause of cryptocurrency theft in Q2 2024 was private key leaks. According to SlowMist, these incidents often occurred when users stored their seed phrases in cloud storage services like Tencent Docs, Baidu Cloud, Google Docs, and others. Additionally, Telegram exploits are common, where malicious actors trick users into clicking links that lead to phishing websites or software that drains their wallets. Therefore, it is crucial to avoid clicking on unknown links and to store your cryptocurrency in a hardware wallet that is not connected to the internet, providing an added layer of security."

🔥🔥 Io net price prediction
io.net price will cross 10$ in 2025
#BinanceTournament #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown
$BTC

#IOInternetofGPUs #BinanceTurns7

🩸🩸Bitcoin surpasses $56,000, sparking optimism in the crypto market.Ether and other altcoins show growth potential.Diversification and analysis are crucial in this volatile market.Bitcoin has surged back above the $56,000 mark. This has brought renewed optimism to the crypto market. The market crashed while analysts and investors expected a significant Bitcoin rally.Analysts attributed the crash to Mt. GOX anticipated sell offs and the German government’s BTC dumping. Meanwhile, altcoins are back to their 2024 origin, as the post below suggests.#Altcoins have shown us so many ups and downs. If you're here long enough, you already have gone through so many crashes too.Treat this one no differently. It's here to transfer the wealth from weak hands to strong hands.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTournament $BTC $IO $PEPE

#BinanceTurns7 #IOInternetofGPUs

Crypto News Today: Bitcoin and Altcoins Reversal, Is Market Bottom In?

Following a sharp bearish extension to the $53,500 level, the crypto witnesses a magical overnight return in Bitcoin of 4.18% in 8 hours. With $134 million worth of short positions liquidating in Bitcoin and Altcoins, the recovery sentiments are kicking back.

As the weekend arrives, the downfall takes a halt while the threat of immediate sell pressure from $2.7B worth of Mt. Gox payout looms. Amidst the volatile market conditions, news like the German government continuing to sell, 7.5% tax on fees for Nigerian traders on Kucoin, and rising liquidations add more fuel to the flame. 

Meanwhile, with the overnight revelation of significant demand at lower levels in Bitcoin, the altcoins skyrocket. Despite losing the $1 Trillion market value, the altcoins sector jumped from $850B to $914B overnight. 

As the Ethereum and major altcoins pumped, a fresh breath of relief teases a recovery next week. Will the bull run in the Bitcoin and Altcoins continue as the market hints at hitting the bottom?

Let’s find out more about the price charts of Bitcoin and other major altcoins in the crypto market. 

Biggest Crypto Bitcoin Bottoms Out?

With a streak of triple bearish candles in the daily chart, the BTC price drops to $56,000 levels. The ongoing correction accounts for 20% in the last 30 days, starting from the $71,000 level to a bottom at $56,500.

Leading to a new resistance trendline, the BTC price sustains makes a long-tail candle as it bounces from $52,000 levels. With a 4.15% recovery within 8 hours, the crypto reveals massive demand at lower levels, and sideline players are ready to buy the dip. 

With such intention and $52.92 million worth of short positions liquidating in Bitcoin alone, the market hints at a bottom. Further, with chances of a morning star or a sideways shift at $56,500, the overhead trendline could witness another breakout attempt. 

$IO $BTC $PEPE #US_Job_Market_Slowdown #SOFR_Spike #BinanceTournament

#BinanceTurns7 #IOInternetofGPUs

🩸Binance marks 7th anniversary with 200M users and new campaign
The milestone takes Web3 closer to reaching its first billion users, according to Binance’s chief marketing officer.
Binance, the world’s largest cryptocurrency exchange, has turned seven years old, in another testament to the maturing digital asset industry.

Binance, which boasts over 200 million users worldwide, has also launched a new “Be Binance” campaign to celebrate the company’s milestone.

The new campaign aims to celebrate and reward the exchange’s loyal customers, according to Rachel Conlan, the chief marketing officer at Binance. She wrote in an announcement shared with Cointelegraph:

“Through determination, curiosity and responsibility, we’ve faced challenges and reaped rewards, thanks to our 200 million users. As we journey toward financial freedom, we stay true to our values: humility, kindness, collaboration and gratitude.”

Binance is the world’s largest cryptocurrency exchange, with a daily trading volume exceeding $25.3 billion. This makes it more than seven times larger than the second-largest exchange, Coinbase, which has a daily trading volume of $3.3 billion, according to CoinMarketCap data.
$IO
$BTC $PEPE #BinanceTournament #SOFR_Spike #US_Job_Market_Slowdown

#IOInternetofGPUs $IO
it became clear why bitcoin fell!
the massive selling pressure on Bitcoin continues, with the BTC price falling another 7.5% in the last 24 hours, dropping its price below $54,000.

The latest selling pressure was Mt. The official statement came from Mt.Gox as Gox wallets became active again and started moving Bitcoins.

At this point, Mt.Gox officially announced that it had started refunds.

“Notice Regarding Refunds in Bitcoin and Bitcoin Cash:

On July 5, 2024, the Rehabilitation Board repaid certain rehabilitation creditors in Bitcoin and Bitcoin Cash through vehicles such as Designated Cryptocurrency Exchanges pursuant to the Rehabilitation Plan.

Repayments to other rehabilitation creditors will be made immediately when the following conditions are met:

-Confirmation of the validity of registered accounts and other matters;

-Designated Cryptocurrency Exchanges etc. acknowledgment of the intention to subscribe to the Agency Acknowledgment Agreement by;

-Rehabilitation Board of Trustees and Designated Cryptocurrency Exchanges, etc. completion of negotiations regarding repayments;

-Confirmation that refunds can be made safely and securely.
#BinanceTournament!
#IntroToCopytrading #SOFR_Spike #US_Job_Market_Slowdown

#IOInternetofGPUs $IO
Cryptocurrencies have captured the attention and imagination of a new generation of investors across the globe. From Bitcoin to Ethereum to the growing list of altcoins, there’s little question that the volatile and fast-moving crypto industry keeps participants, observers, and regulators on edge.

,🩸More and more, though, mainstream companies are looking at cryptocurrencies and adjacent technologies as a way to tap into new markets—or to create them from scratch in new, virtual worlds. CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers a look at what’s ahead with high-profile interviews, explainers and unique stories from the ever-changing crypto industry.
#BinanceTournament #IntroToCopytrading #SOFR_Spike #US_Job_Market_Slowdown