Bitcoin Update (Continuous)
🔹The weekly candle of Bitcoin has closed in the red, indicating a decline in price.
🔹The ongoing downtrend in Bitcoin's price requires it to maintain its position above 26,500.
🔹A failure to hold above this level could result in further drops in Bitcoin's price.
🔹It is crucial for Bitcoin to establish a strong support level to avoid further price declines.
🔹The market sentiment towards Bitcoin remains bearish in the short term.
Stay tuned for more info!!
Top 10 #crypto Performers in past 2 Days within Top 100 Marketcap Coins:
-
$BGB 13.06%
-
$KAS 6,18%
-
$TKX 0.79%
-
$TRX 0.07%
-
$HT 0.00%
-
$LDO 0.00%
-
$EDGT-0.10%
-
$LTC -0.11%
-
$APE -0.25%
-
$LEO -0.28%
Smart money eyes on BTC
‘Smart money’ eyes BTC bull run: 5 things to know in Bitcoin this week](https://cointelegraph.com/news/smart-money-eyes-btc-bull-run-5-things-to-know-in-bitcoin-this-week))
Bitcoin faces a decision after a week of losses puts BTC price support at risk.
25K??
Bitcoin price tags new April low as traders weigh odds of $25K next](https://cointelegraph.com/news/bitcoin-price-tags-new-april-low-as-traders-weigh-odds-of-25k-next))
Bitcoin traders prepare for a breakdown which could see BTC price reach $25,000.
Ukraine government adopting BTC
Ukrainian Government to Adopt EU's Crypto Market Rules](https://cryptocrunchapp.com/news/ukrainian-government-to-adopt-eus-crypto-market-rules))
Ukraine plans to follow in the European Union's footsteps by implementing the crypto market rules approved by the European Parliament. The National Securities and Stock Market Commission of Ukraine (NSSMC) is working on the launch of the virtual assets market in Ukraine based on the MiCA regulation. While the nation's crypto tax rules are yet to be introduced, the Lviv Office of the State Tax Service has clarified that income from cryptocurrency transactions will be included in the total annual taxable income of private individuals.
ETH
Dormant Ethereum ICO Participant Wakes Up After 7.7 Years](https://cryptocrunchapp.com/news/dormant-ethereum-ico-participant-wakes-up-after-7-years))
An Ethereum address that participated in the initial coin offering (ICO) has become active after 7.7 years, transferring one ether to a new address, possibly for a test transaction. This was the wallet's first outgoing transaction, and it received 2,365 ether during Ethereum's genesis, now worth around $4.42 million. Ether was priced at $0.31 during the ICO, but its current value is approximately null,860, according to on-chain analysis by Lookonchain.
BTC 100K
Bitcoin Set to Explode to $100K by end-2024, Standard Chartered Claims](https://cryptocrunchapp.com/news/bitcoin-set-to-explode-to-100k-by-end-2024-standard-chartered-claims))
Standard Chartered suggests Bitcoin could hit $100,000 by 2024, indicating the end of the "crypto winter." Factors driving this potential surge include banking sector turbulence, stabilization of risk assets as the U.S. Federal Reserve concludes its rate-hiking cycle, and enhanced crypto mining profitability. Though uncertainties persist, the path to $100,000 is becoming more apparent. Bitcoin has rallied this year, crossing $30,000 in April, rebounding after the massive crypto sector downturn in 2022 due to rate hikes and failing crypto firms.
Morning thought
Once you realize you deserve to have everything you want, you won't settle for any less.
From Biden house
Biden’s comms director barred from former crypto clients: Report](https://cointelegraph.com/news/biden-s-comms-director-barred-from-former-crypto-clients-report))
White House communications director Ben LaBolt will reportedly be banned from “participating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented.”
Trust wallet
Trust Wallet to reimburse users after $170,000 security incident](https://cointelegraph.com/news/trust-wallet-to-reimburse-users-after-170-000-security-incident))
Crypto wallet Trust Wallet disclosed a security vulnerability that resulted in nearly $170,000 in losses for some users.
