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Bitcoinsensus
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Crypto This Week: Bitcoin ATH, U.S. Tariffs Hit Europe, and More
- The GENIUS Act, aimed at regulating stablecoins, passed in the U.S. Senate after facing initial resistance from Democrats.
- Moody's downgraded the U.S. credit score, impacting Treasury bonds and increasing the importance of Federal Reserve decisions.
- Bitcoin soared to a new all-time high above $109,000 amid a significant data leak at Coinbase affecting over 69,000 users.
- Legislation like the Stop TRUMP in Crypto Act, advancements in U.S. states on crypto regulations, and market reactions to European tariffs and bond market concerns were key highlights of the week.
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Newsbtc
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Ethereum Nears $2,800 Break-Even Zone: Why This Is Important For Rally To $3,000
- Ethereum's price is nearing the $2,800 level, a crucial breakeven zone being watched closely by investors as it attempts to rally towards $3,000.
- On-chain data indicates a significant cluster of buy levels around $2,800, potentially leading to increased selling pressure as investors who bought at this level have a chance to exit at breakeven.
- While Ethereum faces resistance around $2,800, it is supported by a strong demand zone between $2,330 and $2,410, with 2.58 million addresses holding over 63.65 million ETH in that range.
- At the current price of around $2,500, Ethereum is balancing between potential selling pressure at $2,800 and a solid support level below. A breakout above $2,800 could quickly propel the price towards $3,000.
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TronWeekly
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Is Another Leg Upward For Dogecoin (DOGE)? The Chart Says So
- Dogecoin (DOGE) is showing signs of a potential price increase, with bullish sentiment and stable price at $0.22.
- A breakout above $0.23 could further support the current bullish move, while weakness may lead to a sideways market pattern.
- Analysis from Rose Premium Signals suggests DOGE may be gearing up for a significant breakout, with potential targets at $0.41678, $0.51532, and $0.63028.
- Positive funding rates indicate a slight bullish bias for DOGE, with both price and funding remaining stable, hinting at a consolidation phase.
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TronWeekly
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SUI Price Struggles Near $3.64 as Bulls Face Rejection
- SUI price struggles near $3.64 as bulls face rejection against $4.25 resistance and the 20-day EMA at $3.70.
- The recent decline in SUI's price coincided with weaker momentum and a minor RSI divergence, potentially signaling trend exhaustion.
- Market analysts are closely monitoring whether SUI will hold its current support or challenge resistance levels, causing uncertainty among traders.
- SUI's short-term volatility challenges continue as the token faces resistance at the $4.25 zone and potential profit-taking from short-term traders.
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TronWeekly
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ICP Price Forecast: Bullish ABC Pattern Targets $54 Amid Rising Momentum
- ICP is displaying bullish momentum with a confirmed ABC pattern suggesting a potential reversal at targets of $12, $31, and $54.
- Despite short-term dips, the weekly gains of ICP indicate growing investor interest in the asset.
- ICP is currently trading at $5.28 with a market cap of $2.81B, and recent price movements indicate a potential major upward rally.
- Analysts predict a bullish breakout for ICP as it tests the upper boundary of a widening wedge pattern, with targets of $6.45, $7.50, $8.66, $10.00, and $12.50 if it breaks above wedge resistance.
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TronWeekly
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Bittensor (TAO) at a Crossroads: Break Above $449 Could Trigger Surge to $460
- Bittensor (TAO) is showing early signs of recovery with a 1.05% gain, currently trading at $439.56.
- Short-term moving averages and momentum indicators support a potential bullish continuation for Bittensor (TAO).
- A move above $449 could lead to a surge to $460, with $430 identified as a key support level.
- The MACD has turned bullish with a positive crossover and green histogram, indicating growing bullish momentum in the short term.
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Coindoo
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Cathie Wood: Solana Is Winning Developers – and the Future
- Cathie Wood highlighted Solana's momentum at Solana Accelerate, pointing out falling costs, rapid adoption, and high developer engagement.
- Solana survived market cycles, including the 2021 fallout, and rebounded stronger. By July 2024, the network surpassed Ethereum in new developer activity.
- Wood stated that Ethereum is becoming institutional, while Solana remains consumer-focused, agile, cost-effective, and quick to evolve.
- She emphasized the importance of following developers to identify real innovation, indicating Solana's appeal to both real users and developers.
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Bitcoinist
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Dogecoin Price Expected To Reach $3 By EOY As 2021 Cycle Trend Returns
- Dogecoin has shown a strong performance recently, rallying from a May low of $0.16428 to a high of $0.259 on May 23.
- Technical analysis suggests Dogecoin could reach $3 by the end of 2025, with the monthly MA50 acting as a crucial support level.
- Historical data shows that Dogecoin has experienced significant percentage gains in previous cycles after consolidation near the 1M MA50.
- Current technical indicators like RSI, MACD, and ADX point towards growing bullish strength for Dogecoin, which is currently priced at $0.2279.
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Coindoo
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3 Reasons Why XRP Is Worth Buying
- XRP offers real-world utility in cross-border payments, providing fast and low-cost international money transfers through Ripple's payment protocol.
- Growing institutional adoption of XRP with partnerships with over 300 financial institutions worldwide, increasing credibility and potential for sustainable growth.
- Legal clarity attained in 2023, with a court ruling confirming XRP is not a security when sold on public exchanges, leading to relisting and restoration of investor confidence.
- XRP presents a unique opportunity for investors due to its utility, adoption, and legal resilience, making it a potential long-term asset in the evolving digital asset market.
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Coindoo
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Avalanche Closes in on Top 13 Spot as Momentum Builds
- Whale inflows into Avalanche (AVAX) have surged by nearly 380%, indicating strong confidence in an imminent price push.
- Analysts are closely monitoring AVAX's movement around the key resistance level of $24, with potential to rally towards $30, supported by bullish momentum amidst broader market strength.
- The launch of Avalanche Fusion, a $100 million initiative to boost development through modular infrastructure, is enhancing AVAX's growth prospects.
- AVAX's strategic partnership with FIFA for Web3 infrastructure and its progress in advancing GameFi and Web3 applications could propel it past the $30 mark and challenge new yearly highs.
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Newsbtc
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Singaporean Crypto Investors Boost XRP Holdings To 17%, Report Finds
- Interest in XRP among Singaporean crypto investors has increased, with XRP holdings rising to 17% from 14% the previous year.
- Bitcoin remains the most popular cryptocurrency, making up 68% of the average investor's portfolio in Singapore.
- Monthly investments in cryptocurrencies vary, with 57% investing less than $500, 29% investing between $500 and $1,000, and 10% investing over $1,000 through dollar-cost averaging.
- Stablecoins like RLUSD are gaining traction in Singapore, with 46% of respondents owning or having owned US-pegged assets, and Ripple's RLUSD reaching a $310 million market cap, emphasizing its use in cross-border payments and DeFi.
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Bitcoinist
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Altcoins Lag As Bitcoin Price Breaks $111,000: Why This Bull Market Is Different From 2021
- Crypto firm Matrixport explains why the current bull market differs from the 2021 bull run as altcoins lag behind Bitcoin, which reached a new all-time high (ATH) at $111,900.
- Institutional investors are driving the current Bitcoin price rally, causing retail engagement indicators to remain low, leading to subdued funding rates, low retail activity, and lagging altcoins in this bull market.
- Retail's share of Bitcoin ownership is no longer expanding as crypto whales absorb most of the supply, pushing retail investors to the sidelines, contributing to the market difference from 2021.
- Market participants are observing a transfer of Bitcoin from early adopters to corporations and institutional investors. As Bitcoin price rally is driven by spot market accumulation, altcoins are lagging due to the absence of retail traders.
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Bitcoinsensus
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Pepe Price Hits Crucial Pivot Zone—Will Bulls Push Past $0.000014?
- Pepe token, currently trading at $0.00001386, is testing a key resistance zone and may attempt new all-time highs.
- Since April 24th, Pepe has gained 60.51% in value, breaking its downward trend trajectory, setting sights on a fresh all-time high.
- The historical $0.000013–$0.000014 zone plays a crucial role in Pepe's price action, having transformed from support to resistance.
- In the current scenario, if Pepe holds above the key pivot zone and volume picks up, a push towards higher price discovery is possible.
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Bitcoinist
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The Stars Align: Crypto Analyst Predicts 1,700% Rally For XRP In 2 Months
- Crypto analyst predicts a staggering 1,700% rally for XRP over the next two months, potentially surpassing its all-time high of $3.84.
- Comparative study shows XRP's potential to replicate its 2017 rally, targeting a price level of $28, with key Fibonacci levels identified for potential growth.
- XRP currently consolidating within a Symmetrical Triangle pattern with the 21-week EMA acting as vital support around $2.3, while $2.7 and $3.00 - $3.35 are highlighted as key resistance levels to watch.
- The analysis suggests XRP, along with Bitcoin and the broader crypto market, could experience a new phase of bullish expansion in the coming 63 days.
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TheNewsCrypto
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AAVE Breaks $276 Resistance as Market Indicators Turn Bullish
- AAVE surged by 5.69% to $276.23, with market cap at $4.07B and trading volume at $633.89M.
- Technical indicators suggest potential bullish continuation for AAVE, with 9-period EMA crossing above 21-period EMA.
- RSI value of 65.50 and Chaikin Money Flow both indicate positive market sentiment towards AAVE.
- Immediate support for AAVE is near $256, while resistance lies at $276–$278 zone and further breakout could target $290-$300.
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