"Enjoying some spaghetti and good vibes! 🍝😁 Remember, it's a great day despite the bad news! 🌞
https://m.primal.net/IyYw.webp
#BTC #Crypto #BitNews #Fun
German Government Sells 900 Bitcoin: Sends Additional 400 BTC to Coinbase and Kraken
The additional selling pressure from the German government could push the Bitcoin price below $60,000. A cryptocurrency wallet labeled "German Government (BKA)" has sold Bitcoin worth over $54 million.
https://m.primal.net/IyXw.webp
The German government's wallet sold 900 Bitcoin (BTC) in three separate transactions on June 25.
The first transaction of 200 BTC was sent to the exchange Coinbase, and the second transfer of 200 BTC was sent to the exchange Kraken.
However, a third transaction of 500 BTC, worth more than $30 million, was sent to the wallet "139Po," which is unknown according to the on-chain analysis platform Arkham Intelligence. Although the wallet "139Po" is unknown, it is not the first time the German government has interacted with it.
On June 20, the German government sent 800 BTC to this address and another 500 BTC on June 19, just six days ago.
Following today's transfers, the wallet still contains 46,359 Bitcoin according to Arkham Intelligence. This wallet holds BTC worth over $2.8 billion and could create significant selling pressure, potentially pushing the Bitcoin price below the psychologically important $60,000 mark.
#btc #crypto #bitnews #invest
Is Polygon soon to be the most used blockchain network in the world? 🌐
Despite falling prices in the crypto market, the Polygon ecosystem is experiencing strong growth. 📈 Here are the reasons and how MATIC might develop.
https://m.primal.net/IyXe.webp
Polygon (MATIC), once known as Matic Network and a celebrated top performer of the last crypto bull run, has faced several challenges in recent years. 🏆 Despite the strong growth of competitors like Solana and various Ethereum Layer-2 solutions, Polygon has fallen short of expectations. The development of the MATIC price has been disappointing, and currently, the price chart shows no signs of recovery. 📉
However, recent developments and on-chain data paint a different picture: Polygon appears to be on its way to becoming the world's most used blockchain network and has recently even surpassed Solana. 🚀 Only two blockchains are currently ahead of Polygon. 🥈
#btc #polygon #crypto #invest
🌟Bitnews Airdrop of the Day:
PlayDoge
The developers are banking on a successful combination of crypto gaming elements and 90s nostalgia in their brand new Play-to-Earn network 🎮🕹️📱
https://m.primal.net/IyGx.webp
The new $PLAY token is at the heart of a fully tokenized ecosystem 💎, soon to be expanded with an exciting game app for iOS and Android. The inspiration? A true 90s classic: the Tamagotchi 🐶📱.
Token holders can care for a personalized Shiba Inu via smartphone, regularly feeding it, playing with it, and ensuring the four-legged friend gets enough sleep. Diligent dog owners receive the in-game currency $PLAY as a reward 🏆💰
Besides the pure Play-to-Earn concept, the PlayDoge network includes additional features that could help $PLAY grow into a top coin of 2024 🚀:
Staking: Token holders can not only immerse themselves in crypto gaming but also lock their tokens in the network to secure an above-average APY, currently over 900% 📈💹
Mini-Games: In addition to the main Tamagotchi-style Play-to-Earn game, token holders can complete exciting mini-games, collect XP, and receive additional rewards as leading players on the leaderboard 🏆🎲
BEP-20 Standard: $PLAY is based on the Binance Smart Chain and will be efficiently, cheaply, and smoothly tradable after the ICO concludes. This also gives the Play-to-Earn token better chances for a future Binance listing 📊🔗
During the presale, which officially kicked off just days ago, interested crypto fans can invest in PlayDoge at a preferential price starting at $0.005 and become part of the growing Play-to-Earn network 💰🌱. Thanks to a low valuation, there's not only room for spectacular price fireworks, but the staking APY is also particularly high for early-bird investors 🎆💸
#PlayToEarn #CryptoGaming #PlayDoge #bitnews 🚀🐕
Memecoins in Crisis: Hands Off or Perfect Market Entry? 🎢💰
All signs in the memecoin market have been pointing downward in recent weeks 📉. New hype projects like Dogwifhat have been plummeting for days, trading volume on decentralized exchanges was in free fall 🌪️.
The mood – on the brink of capitulation 😰. Now, many projects are recovering, with gains of up to 20 percent 📈. A brief respite before the final crash – or is the sector experiencing its comeback? 🤔
Controversial celebrities like Andrew Tate or Hulk Hogan jumped on the bandwagon 🚂🌟. Scams, rug pulls, insider trading: Discontent was spreading 😠. Everywhere you looked: lies and deceptions 🤥.
"Pack it up, boys, it's over," tweets Ki Youn Ju, CEO of Crypto Quant, for example 🐦. "The dominance of memecoins is declining, indicating a broader shift in the crypto community's attention." Away from gambling, towards altcoins with fundamental values 🎰➡️💎.
#Memecoins #CryptoMarket #InvestmentRisks 🚨💱
We suspect that not only BTC will be affected, but all cryptos that are traded equivalently with BTC...
Bitnews.Today ALERT 🚨 Bitcoin Crash in July 2024?
Mt. Gox Trustee to Begin Bitcoin and Bitcoin Cash Repayments in July 💰🔓
https://m.primal.net/IxJI.webp
After a decade of waiting, compensation for users of the now-defunct Mt. Gox exchange may finally arrive in July. The cryptocurrency exchange Mt. Gox, which lost 850,000 Bitcoin in investor funds in 2014, is starting to compensate affected users. 📅🔙
"The rehabilitation trustee will soon begin repayments in Bitcoin and Bitcoin Cash to the cryptocurrency exchanges with which the rehabilitation trustee has completed the exchange and confirmation of the necessary information for conducting the repayments." 📣💼
The trustee has again asked users for patience, adding that the order of payments will depend on the respective cryptocurrency exchange:
"We will start repayments in the order of cryptocurrency exchanges with which the rehabilitation trustee will complete the exchange and confirmation of required information. Please wait a while until the repayment is made." ⏳🔄
Approximately 127,000 Mt. Gox creditors are waiting for Bitcoin worth more than $9.4 billion. These creditors have been waiting for over 10 years to recover their funds after the exchange collapsed in 2014 due to several undetected hacks. 💸⏱️
#Bitcoin #MtGox #bitnews #invest #crash #crypto 🌐🔑
#Bitcoin in Correction Mode: How Serious Are the Threats?
Bitcoin's recent price dip has investors on edge. Several factors are in play:
Mt. Gox payouts: 142,000 BTC could flood the market
German BKA selling 50,000 seized BTC Outflows from Bitcoin ETFs
While these events might pressure BTC short-term, long-term fundamentals remain strong. Mt. Gox payouts are gradual, BKA sales are one-off, and ETF flows fluctuate.
Experts suggest this correction is normal after recent highs. HODLers see it as a buying opportunity, while traders urge caution.
Remember: markets are cyclical. Stay informed, manage risk wisely.
https://m.primal.net/Iwxh.webp
#bitnews # bitcoin #crypto #BTCcorrection #marketanalysis
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🔥 Discover the hottest spot for crypto trends and analysis! Check out https://bitnews.today for the latest insights in the crypto world. Stay ahead of the game!
#CryptoTrends #CryptoAnalysis #TikTok #Bitcoin #CryptoNews #Investment #exchange #Ethereum
NEAR Protocol (NEAR) Shows Signs of Recovery: Cautious Optimism for June 25 - July 8, 2024"
Sentiment Analysis Summary:
The sentiment for NEAR has shifted from bearish to cautiously optimistic. After a significant drop from $7.33 on June 6 to $4.73 on June 18, the price has shown signs of recovery, reaching $5.42 on June 24. This suggests a potential trend reversal, but investors should remain cautious due to recent volatility.
Volatility Summary:
NEAR has exhibited high volatility over the past month, with price swings of up to 15% in a single day. This volatility presents both opportunities and risks for traders. The average daily volatility over the past week has been around 6%, indicating that the market is still quite active and unpredictable.
Long-term Investment:
For long-term investors, the current price level may present a good entry point if you believe in the project's fundamentals. The price has corrected significantly from its recent high of $8.24 on May 25, potentially offering value. However, be prepared for continued volatility and consider dollar-cost averaging to mitigate risk.
Short-term Investment:
Short-term traders may find opportunities in the current market conditions. The recent upward momentum suggests potential for quick gains, but also carries significant risk. Consider setting tight stop-loss orders and taking profits regularly.
Risk Management:
Given the high volatility, risk management is crucial. Never invest more than you can afford to lose. Consider limiting NEAR to a small percentage of your overall portfolio (e.g., 1-5% depending on your risk tolerance).
Technical Analysis:
The price has recently broken above the short-term downtrend line, which is a positive sign. The next resistance level appears to be around $5.70-$5.80. If the price breaks above this level, it could signal further upside potential. Support levels to watch are around $5.00 and $4.70.
Market Sentiment:
The broader cryptocurrency market sentiment has been improving, which could support NEAR's recovery. However, macroeconomic factors and regulatory news can quickly impact the entire market, so stay informed about broader trends.
7-Day Trend Forecast:
Based on our simple linear regression model, we project the following price targets for the next 7 days:
June 25: $5.47 (+0.9%)
June 26: $5.52 (+1.8%)
June 27: $5.57 (+2.8%)
June 28: $5.62 (+3.7%)
June 29: $5.67 (+4.6%)
June 30: $5.72 (+5.5%)
July 1: $5.77 (+6.5%)
Entry and Exit Points:
Potential entry point: $5.20-$5.30 (on any pullbacks)
Initial target: $5.70-$5.80 (+9% to +10% from entry)
Stop-loss: $4.90 (-6% to -7% from entry)
For more conservative investors, waiting for a confirmed break above $5.80 might provide a safer entry, albeit at a higher price point.
Conclusion:
NEAR shows signs of recovery after a significant correction. The short-term trend appears cautiously bullish, but volatility remains high. Investors should carefully consider their risk tolerance and investment horizon. While there's potential for gains, the cryptocurrency market remains highly unpredictable. Always conduct your own research and consider consulting with a financial advisor before making investment decisions.
Bitnews.Today
Presents Another Promising Token Investment for 2024:
Zero-Knowledge
Zero-knowledge technology is considered one of the most significant innovations in the crypto space this decade. This form of cryptography allows the validation of information without revealing any details. Consequently, ZK-Tech efficiently helps reduce network congestion and improve scalability.
https://m.primal.net/IwHT.webp
Many projects, including #Linea, #zkSync, #Manta, and #Polygon, are now utilizing ZK-proofs. This topic remains hot for 2024 as well.
Hi @bumi! 😊
I hope you’re doing well! I was wondering if you might have an invitation code for an Alby account. I promise to use it wisely and spread the good vibes. 🚀✨
Thanks a ton in advance! 🙏
🚀📉 Oh no, Bitcoin is dropping! 😱 But don’t panic, folks! 🛒💸 #BuyTheDip 💪😎 #BitcoinHODL 🌕📈
#CryptoLife #BTC
Whale Movements Attracted Attention as Bitcoin Dropped Below $63,000! Here are the Details:
📈 Around 60% of users willing to pay for expert advice and personal interactions, creators can now turn their passion into a sustainable income stream.
🤝 And
@Ego_Paysenger
’s unique model supports creators by allowing them to monetize their time and expertise.
🌟Bitnews Airdrop of the Day:
IoTeX
IoTeX is a leading DePIN Layer 1 infrastructure project. Launched as an open-source project in 2017, IoTeX has developed a decentralized platform designed to enable open economics for machines. From the ground up, IoTeX constructed their EVM-compatible blockchain utilizing the pioneering Roll-DPoS consensus, officially launching it in April 2019. Since then, it has been operated by over 100 delegates globally.
IoTeX has recently secured a $50 million investment from investors like Foresight Ventures, Borderless, Amber Group, and others. They have launched an airdrop campaign involving five different projects (Inferix, Wayru, Network 3, Powerpod, and Delphy). These 5 projects currently don’t have their own token.
By participating in their Galxe Quests campaign, users can earn free points for completing easy social tasks. Earning these points will help you secure a spot in the upcoming airdrop of these projects. Visit the airdrop page and complete easy social tasks to earn free points.
Step-by-Step Guide:
Visit the IoTeX airdrop page.https://iotex.io/community#start
Click on “Start Airdrop Journey.”
You will now be redirected to the Galxe Quests campaign page.
Complete various social media tasks, including following IoTeX on X , to earn free points. https://twitter.com/iotex_io
Ensure to complete as many tasks as possible to earn free points and climb the top GOATs leaderboard.
Enjoy it. 🤩
