Since FLOKI’s bullish breakout, it has so far earned investors 80% profit, but the bears have now stepped up.

Bitcoin price started a downside correction from the $71,650 resistance zone. BTC is now consolidating and might correct toward the $69,500 support. Bitcoin struggled above $71,500 and started a downside correction. The price is trading above $70,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $70,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could decline further if there is a move below the $70,000 level. Bitcoin Price Starts Correction Bitcoin price extended its increase above the $70,000 level. BTC was able to clear the $70,500 and $71,200 levels to move further into a positive zone. However, the bears were active near the $71,650 zone. A high was formed at $71,682 and the price started a downside correction. The price declined below the 23.6% Fib retracement level of the upward wave from the $67,285 swing low to the $71,682 high. There was also a break below a key bullish trend line with support at $70,650 on the hourly chart of the BTC/USD pair. The price tested the $70,200 support zone. Bitcoin is now trading above $70,000 and the 100 hourly Simple moving average. On the upside, the price is facing resistance near the $70,800 level. The first major resistance could be $71,200. The next key resistance could be $71,650. A clear move above the $71,650 resistance might send the price higher. In the stated case, the price could rise and test the $72,000 resistance. Any more gains might send BTC toward the $73,200 resistance. More Downsides In BTC? If Bitcoin fails to climb above the $71,200 resistance zone, it could continue to move down. Immediate support on the downside is near the $70,200 level. The first major support is $70,000. The next support is now forming near $69,500 or the 50% Fib retracement level of the upward wave from the $67,285 swing low to the $71,682 high. Any more losses might send the price toward the $68,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $70,200, followed by $70,000. Major Resistance Levels – $71,200, and $71,650.

Despite strides to reign in crypto-enabled crime in Asia, more remains to be done and central banks and regulators are moving forward to make it happen.

Meta has received multiple complaints about its plans to use customers’ data in AI training, which has resulted in privacy advocacy organizations and data protection authorities filing complaints in 11 countries. The privacy activist group Noyb filed the complaints after Meta updated its privacy policy. Also read: Who Decides How Personal Data Is Used in

The “Stand with Crypto” alliance has achieved a notable milestone, surpassing one million supporters as reported on its official website. This non-profit organization is committed to mobilizing global crypto advocates. Initiated by crypto exchange Coinbase, which promotes clearer and more effective regulations for the cryptocurrency industry in the U.S., the alliance has gained substantial momentum.

Telegram Stars can be swapped for Toncoin, an $18 billion cryptocurrency, on Telegram’s Fragment platform.

Telegram launched a new payment system for digital goods and services on the social media platform. Dubbed ‘Telegram Stars,’ the system allows people to pay for digital products like e-books and online courses via in-app purchases on Apple and Android. Also read: TON Foundation and Tether unveils USDt global integration plan Telegram CEO Durov said

XRP price pulled back after reaching $0.5276. Market value fell by 1.11% to $28.9 billion. Continue Reading: Investors Observe XRP Price Movements and Whale Activities

Toncoin has recently hit a new price all-time high, and new ATH records could be set if the positive momentum continues.

In recent market shifts, Polygon (MATIC) has seen a rise in addresses, and HBAR crypto prices have fluctuated. Amid these trends, BlockDAG has emerged as a standout. Interest following its Keynote 2 event, which announced significant updates, propelled BlockDAG’s presale to $42.6 million and boosted its coin value by 1000%. BlockDAG’s innovative strategy aims to The post Crypto Enthusiasts Abandon MATIC and HBAR for BlockDAG After $42.6M Keynote 2 Presale Boom appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Amidst the crypto market resurgence, the smart contract platform Maker and its native token MKR have experienced a challenging period, with MKR demonstrating a consistent downtrend after reaching a yearly high of $4,070 in April, plummeting to as low as $2,440 just one week later. Dive into the protocol’s key metrics and observe notable levels to gain insights into potential price movements and actions for the MKR token in the near term. Maker Protocol’s Updated Metrics Reveal Positive Growth The Maker protocol, known for its decentralized stablecoin DAI, recently disclosed updated metrics highlighting its health and growth over the past month in a post on social media site X (formerly Twitter). DAI, governed by MakerDAO’s decentralized blockchain, enables the borrowing and lending of cryptocurrencies. The current DAI supply, exceeding 5 billion DAI, is a critical metric reflecting the total amount of DAI created and circulating. Related Reading: Shiba Inu Whale Enter Buying Frenzy, 715 Billion SHIB Snapped Up In Days Total Value Locked represents the dollar value of assets locked within the Maker Protocol. Despite being live on one chain since its inception, Maker has approximately $8.76 billion locked, making it the fourth-largest decentralized finance (DeFi protocol). The Maker Protocol allows the minting of DAI by depositing accepted assets into Maker Vaults. The ETH-C Vault type holds the largest share, with approximately $2.07 billion worth of ETH locked. The system surplus needs to reach 50 million DAI to achieve a complete MKR burn. On the other hand, the Dai Savings Rate (DSR) represents the rate at which the Maker Protocol rewards users for locking their DAI within DSR contracts. Currently, the DSR cost amounts to approximately 153 million DAI. Currently, the protocol notes that most DAI remains within DeFi, with externally owned Accounts (EOA) and the DSR serving as the top use cases, holding over 2.3 billion and 1.96 billion DAI, respectively. In terms of revenue generation, SparkLend D3M and Spark’s MetaMorpho D3M lead the way, generating an estimated $155 million in annual revenue based on their deposit APYs. This highlights the significance of various collateral types and revenue streams within the Maker ecosystem. Potential Catalyst For MKR’s Price? Despite the growth and investor interest in the Maker ecosystem, the upcoming Endgame Plan, a proposal to revamp its governance and tokenomics, is expected to act as a catalyst for the MKR token, potentially boosting its price. The proposal aims to establish a self-sustainable equilibrium called the Endgame State, envisioning a resilient ecosystem where Maker Core’s scope and complexity will no longer change. Related Reading: Bitcoin Approaching All-Time Highs: Why Is Retail Interest Rapidly Declining? Currently, MKR is trading at $2,612, experiencing a slight decline of over 2% in the past 24 hours and around 8% in the last 30 days. CoinGecko data also indicates a recent 4.7% decrease in trading volume, totaling only $72 million compared to the token’s $2.4 billion market cap. If the Endgame plan indeed generates renewed interest in the token and acts as a catalyst for MKR, the next significant obstacles to monitor in the short term are situated around the $2,660 level, which has impeded the token’s ability to surpass higher levels in the past few days. Additionally, on its potential path to reclaim the $3,000 milestone, resistance levels at $2,710 and $2,760 would need to be overcome before potentially retesting the resistance at $2,845. Moving forward, on the MKR/USD daily chart, the levels at $2,905 and $2,950 act as the final hurdles before reaching the $3,000 milestone. It remains to be seen whether further developments and growth in key metrics, coupled with the anticipated Endgame proposal, can stimulate a significant bullish momentum for MKR, enabling it to overcome resistance levels and regain its bullish trend. Featured image from DALL-E, chart from TradingView.com

Bitcoin maximalist Max Keiser has recently reiterated his stance on Ethereum, predicting a dire future for the cryptocurrency against Bitcoin. Keiser’s latest critique, shared on social media platform X, revives his longstanding view that Bitcoin outshines Ethereum and other altcoins on fundamental levels. According to Keiser, Ethereum is “heading to zero against BTC,” citing fundamental

The price of the flagship cryptocurrency Bitcoin ($BTC) is set to benefit from the growth of money supply in the United States as global liquidity has recently surged to near the $100 trillion mark, at a time in which BTC itself is trading at $71,000. According to a chart shared on the microblogging platform X

A group of 108 former federal prosecutors and agents have signed a public letter to U.S. Secretary of State Antony Blinken urging the State Department to “step up” its efforts to secure Binance compliance head Tigran Gambaryan’s release from a Nigerian prison, Axios reported Thursday evening.

The former pro wrestler said the now-deleted posts promoting a token that dumped within hours of launching weren't from him.

Worldcoin, the biometric proof-of-personhood identification protocol, has agreed to temporarily stop its operations in Spain. According to statements from the Spanish privacy watchdog AEPD, the company committed to stop its data collection practices for a year or until Baviera’s privacy regulator finishes its investigation into Worldcoin’s inner workings. Worldcoin to Pause Biometric Data Collection Activities

DMM Bitcoin, a Japanese cryptocurrency exchange, recently suffered a hack resulting in the loss of $320 million worth of Bitcoin. To address this breach, the company plans to raise 50 billion yen ($320 million) to compensate affected users. In a statement issued on June 5, DMM Bitcoin detailed its plan to recover the stolen funds by acquiring an equivalent amount of Bitcoin from its parent company, DMM.com. The exchange reassured users that it would “take care” to minimize the market impact of these purchases. The company is conducting an ongoing investigation into the “unauthorized outflow” of 4,503 BTC that occurred

“It’s really up to them how responsive they are,” said SEC Chair Gary Gensler.

SOL experienced a significant crash at the end of 2022. Solana's market value rose above 80 billion dollars in June. Continue Reading: Solana Makes a Historic Comeback After a Major Crash

The XRP market is consolidating in a tight range, and there is no clear indication of where the altcoin’s price might trend next.

In a groundbreaking case that has drawn significant attention in China, a college student named Yang Qichao has been sentenced to 4 years and 6 months in prison and fined 30,000 yuan ($41,000) for “fraudulently” issuing a cryptocurrency called BFF on the Binance’s BNB Chain. The case, which took place at the People’s Court of

Pink Pepe (PINKPEPE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE). Pink Pepe (PINKPEPE), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE). Early investors in SHIB and DOGE made astronomical returns, and Pink Pepe presents a similar opportunity. Pink Pepe has a market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours. The exciting memecoin is poised to rally

Shiba Inu has seen a notable uptick in its open interest that has sent renewed vigor through investors. While the meme coin’s open interest is yet to break its Match 2024 all-time high, it is on a bullish trend that could see an attempt soon. Shiba Inu Open Interest At February Levels The total Shiba Inu open interest has climbed back above $97 million across multiple exchanges, bringing it to one of the highest levels so far for the year. According to data from Coinglass, the SHIB open interest is now sitting at $97.08 million as of June 6, 2024. Related Reading: Bitcoin, Ethereum, Solana Over 150% Annual Gains Leave The Stock Market, Gold In The Dust This figure is notable because the open interest has been struggling over the last few months. After hitting an all-time high of almost $136 million in March 2024, the Shiba Inu open interest fell rapidly, losing more than half of its value by mid-April. However, the SHIB open interest began to recover in May, and with June rolling around, the open interest has surged. From the March lows to the currently June figures, the Shiba Inu open interest is now up almost 100%, showing a notable spike in interest from investors. Currently sitting above 97%, the SHIB open interest is now around 60% away from making a new all-time high. The possibility of this happening has significant implications for the SHIB price hitting a new all-time high as well. Why A Rise In Open Interest Is Important The Shiba Inu open interest is on the rise is significant not just to measure investor interest but in how it affects the SHIB price. Looking at the March figures when the SHIB open interest had hit a new all-time high, the price had rallied right alongside it. So the current increase could translate into a price rally as well. Related Reading: Analyst Says Get Ready As Dogecoin Enters ‘Expansion Stage’, Can DOGE Reach $12? If the open interest were to go back to its $136 million ATH, going by how much the price rose the last time, it could see the Shiba Inu price touch $0.00004 once more, and hit a new yearly high. This is because in March, the SHIB price more than doubled when the open interest surged. However, in the last 24 hours, there has been a small slow down in the open interest, with an overall 0.42% decrease. The SHIB price is currently trending at $0.0000256 at the time of writing, representing a 4.41% decrease in the last week.

Market clearly regaining some traction, but things may get ugly

Kraken pre-IPO fund raising round is seeking over $100 million, and it is aiming to complete the round by the end of the year to set the stage for a potential IPO.

The trio said they would release a battle royale game, but instead pocketed the crypto and ran.

Cryptocurrency exchange Binance posted on social media platform X Thursday that users can purchase cryptocurrency using Mastercard, Visa, or SEPA for bank transfers. The announcement led to confusion among some users regarding the reintroduction of Binance-branded credit cards. Binance Customer Support clarified that the current facilities allow the use of existing payment methods to buy

Market bulls flock to meme coins like BRETT. BRETT price increased by 17.4% and trades at $0.139. Continue Reading: Market Bulls Flock to Meme Coins Like BRETT

Goldman Sachs is raising a bullish flag for the stock market in early July, anticipating a surge driven by a ‘wall of money’ from passive investment vehicles over the beginning of the third quarter and second half of the year. According to Scott Rubner, managing director and tactical specialist in Goldman’s global markets division, share

The nearly 10,000-strong NFT collection is still listed on OpenSea, but its floor price is a measly $7.60.

Crypto analyst Kevin (Formerly OG Yomi) has highlighted a bullish pattern on the Dogecoin (DOGE) chart, which shows that a breakout is imminent. His prediction follows the recent wave of accumulation by DOGE whales, with these buys likely contributing to the potential breakout. Dogecoin Indicator Flashing Breakout Signal Kevin mentioned in an X (formerly Twitter) post

With The Release of Keynote 2, BlockDAG Hits 1000%, Amassing Over $42.3M Presale Amid Chainlink Advancement & Aptos Price Trend BlockDAG has been significantly impacted by the launch of Keynote 2, hitting 1000% in batch 17, which has driven a remarkable $42.3 million presale. This development comes as Chainlink advances

After touching an all-time high, BNB might turn bearish as few metrics hint at a price correction.

The cryptocurrency market is bustling with activity as investors closely monitor the developments of Kaspa, Cardano, and Avalanche. Each of these projects shows significant promise, yet Furrever Token’s 25% bonus offer is emerging as a compelling opportunity that savvy investors shouldn’t overlook. Kaspa’s Bullish Predictions Kaspa has recently caught the attention of analysts who are The post Kaspa, Cardano, and Avalanche Show Promise, But Furrever Token’s 25% Bonus is the Best Bet appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

Dogecoin (DOGE) rival Floki (FLOKI) is soaring as crypto investment firm DWF Labs commits to a new massive purchase of the memecoin. DWF Labs tells its 85,800 followers on the social media platform X that Floki’s ecosystem advancements are cementing the project’s position in the digital assets sector. “Thrilled to announce our continuing support for The post Dogecoin (DOGE) Competitor FLOKI Explodes As Investment Firm DWF Labs Announces Support appeared first on The Daily Hodl .

The cryptocurrency market is buzzing in June 2024 with notable movements from Polkadot, Bitcoin, and the emerging BlockDAG. Polkadot and Bitcoin are currently leading the market with substantial inflows into DOT and Bitcoin Spot ETFs. Amidst these major players, BlockDAG, a new Layer 1 project, is gaining attention with its

The world's best-known private browser launches a privacy-first gateway to popular AI tools.

Kraken could be the next crypto exchange to go public following a strong market rally and regulatory progress on Capitol Hill.

Humane has warned its Ai Pin users to “immediately stop” using the charging case that shipped with the screenless wearable as it may pose a “fire safety risk.” In an email to customers on Thursday, the startup blamed low-quality battery cells supplied by a third-party vendor for the issue. Also read: Humane Aiming For $1

The star of “Dude, Where’s My Car?” responded to the backlash, saying that AI won't replace the arts, but “acting like it doesn't exist will be catastrophic.”

Rich Dad Poor Dad author Robert Kiyosaki has emphasized that his prediction of bitcoin hitting $350K on Aug. 25 “is not a lie.” He also expressed his bullish outlook for ethereum and solana, noting that he will keep buying the three cryptocurrencies because he is “quite certain their prices will continue to rise.” Robert Kiyosaki

Michael van de Poppe predicts a major altcoin rally starting late June. Bitcoin's upward momentum continues, aiming for all-time highs. Continue Reading: Michael van de Poppe Predicts Altcoin Rally Starting Late June

In a significant legislative development, the President of the United States has been granted extensive powers to regulate digital assets, sparking concern across the crypto community. This new authority allows the President to intervene directly in digital asset transactions, particularly those that could be linked to foreign entities and potentially harmful activities. Experts argue that

Injective, a Layer 1 (L1) protocol, emerged as one of the standout performers in the crypto market on Thursday, with its native token INJ experiencing a substantial 7% surge within the past 24 hours. Accompanying this surge, the protocol’s market capitalization is inching closer to the significant milestone of $3 billion. The price movement coincides with notable announcements by the Injective protocol regarding its token and ecosystem. Injective Users To Burn 6 Million INJ One of the key announcements unveiled by the protocol is the release of a comprehensive paper on the Injective Token, INJ. The paper delves into the token’s core utilities and mechanisms that power a programmable token economy, specifically focusing on deflationary acceleration. Related Reading: Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump Additionally, Injective disclosed that INJ token burn auctions are “steadily increasing in size,” with 12,266 tokens being burned indefinitely on the announcement day. Injective users are set to burn a cumulative total of 6 million INJ by next week. This burning mechanism plays a key role in reducing the total supply of tokens in circulation, thereby increasing scarcity and potentially driving up the value of the remaining tokens. Ultimately, this benefits token holders by establishing a deflationary mechanism and controlling inflation within the protocol. Injera And USDi Launch Injective also revealed that the anticipated launch of the Injera protocol is scheduled for the end of June, marking the beginning of “a new era for Injective,” according to the protocol. As announced, in collaboration with DojoSwap, a decentralized exchange (DEX) on Injective, the community will build Injera and USDi, the Injective Synthetic Dollar aimed at powering the Web3 ecosystem. The objective is to create a decentralized synthetic dollar token fully backed by Injective’s finance infrastructure. The Injera money market is at the core of the Injera protocol and USDi, designed as a collaterized debt position (CDP) market. This market optimizes capital efficiency for the USDi synthetic dollar by enabling sensible leveraging of USDi to borrow “market-making assets.” USDi, the native synthetic dollar, will be governed by the Injera token (ERA). It is a stable synthetic USD generated through delta-neutral positions, ensuring stable yields ranging from 10% to 90% for USDi holders. For DojoSwap, this development ensures a continuous increase in TVL and trading volume, generating fee amounts for ecosystem participants. Bullish Sentiment Returns As these announcements were made, the INJ token successfully reclaimed the $28.68 price level, reigniting its bullish momentum after experiencing a price correction to the $20 mark in April. This correction occurred following the token’s remarkable achievement of reaching a new all-time high (ATH) of $52 in March. Related Reading: VanEck Revises Ethereum Prediction To Put Price At $22,000, Here’s Why In the immediate term, the $29 level may act as a hurdle for the token, representing a significant resistance point that has persisted for the past two months. However, if the bullish momentum continues, the token could surpass this resistance and retest the $31 and $35 resistance levels on the INJ/USD daily chart. Ultimately, the ongoing advancements within the Injective ecosystem have generated anticipation regarding the token’s future trajectory. Market participants are keen to see whether these developments can fuel a sustained upward trend and potentially surpass the previously achieved record levels. Featured image from DALL-E, chart from TradingView.com

Pro wrestler Hulk Hogan was accused of a celebrity meme coin scam on Thursday, but says the tweets were “not from me.”

GME meme coin sees a 94% surge following RoaringKitty's livestream announcement, with related tokens also experiencing significant gains. The post GME meme coin skyrockets 97% following RoaringKitty livestream announcement appeared first on Crypto Briefing .

Dogecoin trades within a symmetrical triangle after breaking an ascending triangle formation. Price remains around $0.16, approaching a critical expansion point at $0.163. Continue Reading: Dogecoin Faces Potential Price Breakout

Despite a bearish trend in the XRP price over the last 24 hours after bulls failed to breach the intra-day high of $0.5276, support at the intra-day low of $0.5276 managed to hold. This decline was accompanied by a surge in whale activity, as reported by the on-chain transaction tracker Whale Alert. At press time, The post XRP Price: Whales Shuffle 318M Coins as Price Holds $0.52 Support appeared first on CoinGape .