#IsraelIranConflict #BTC #ETH After nearly two decades of hostilities, Israel finally attacked Iran's nuclear facilities, ballistic missile factories, and military leadership, marking the beginning of a lengthy operation to prevent Iran from developing nuclear weapons. Last year, Israel bombed Iranian defense facilities, and Iran responded with retaliatory attacks on Israel, but that was a limited conflict.
The cryptocurrency market is facing sharp losses, with major currencies experiencing widespread sell-offs. Bitcoin, Ethereum, and other digital asset prices have significantly decreased over the past 24 hours. This market decline coincides with escalating geopolitical tensions in the Middle East. Investors appear to be retreating from riskier assets amid increasing uncertainty. This shift has led to liquidations and panic selling across trading platforms.
Bitcoin witnesses the largest movement in accumulation wallets
$BTC Bitcoin flows to accumulation wallets continue, with no pressure to capitulate or take profits. Purchases from wallets holding more than 10 Bitcoin have reached their highest levels this year so far. Bitcoin accumulation addresses have seen rapid inflows in the past few days, despite rising prices. Over 30,000 Bitcoin were purchased and sent to addresses that were very conservative about transferring their coins.
The Bitcoin Hash Ribbon is a widely used technical indicator created by Charles Edwards of Capriole Investments. This indicator tracks the 30 and 60-day moving averages of the Bitcoin hash rate, reflecting the health and activity of the Bitcoin mining network. When the 30-day average crosses above the 60-day average after a period of miner capitulation, the Bitcoin Hash Ribbon issues a buy signal. Historically, this has coincided with some of the best Bitcoin buying opportunities.
A New Model for the Bitcoin Cycle Indicates Upcoming Key Dates
Inspired by analyst Benjamin Quinn, the model links previous all-time highs (ATHs) of Bitcoin with the 200-week simple moving average (SMA) to predict overall turning points. This concept is based on observing the intersections of the 200-week simple moving average (SMA) with historical ATH levels. EGRAG points out that in multiple cycles, these intersections closely aligned with the overall Bitcoin peaks.
Binance Alpha will launch Defi Home App on June 12
●▪︎ The importance of the Defi App Home application While most decentralized finance activity has centered around Ethereum, the Defi App Home represents a broader trend towards integrating decentralized finance capabilities into the Bitcoin network. The project aims to bridge this gap by providing secure Bitcoin-based lending, expanding the options available for Bitcoin holders looking to earn yields or obtain loans without selling their assets.
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$BTC Increased liquidation pressure on Bitcoin below $107,000
A drop in the price of Bitcoin below $107,000 could lead to long-term liquidation pressures, potentially exceeding $1 billion in cumulative liquidations on major centralized exchanges. This scenario reflects significant market volatility affecting traders and investors in the cryptocurrency space. #TrumpTariffs
The approach of Bitcoin's price to $107,000 raises concerns about the consequences of significant liquidations, particularly on long positions in major centralized exchanges. This impacts trading strategies and reflects the broader dynamics of cryptocurrency markets affected by volatility and leveraged positions.
The setup for Ethena (ENA) indicates high reward potential as the price stabilizes above the main support level
It seems that Ethena (ENA) is entering a critical phase, with traders monitoring price behavior around a major accumulation zone. Recent signals from cryptocurrency analysts suggest a potential breakout, drawing attention to the risk-reward profile of the asset. Ethena's market activity has shown signs of strength despite broader volatility in the cryptocurrency market, maintaining focus on its price structure. With increasing bullish momentum above the strong support level, attention has shifted to critical resistance levels.
Solana (SOL) targets $336 amid bullish forecasts and speculation on exchange-traded funds $SOL
The Solana stock has exited a downward channel and retested the level, indicating the possibility of a continued upward trend in the medium term.
Expectations regarding exchange-traded index funds are increasing, with hints from market sources, including James Seifart from Bloomberg, about the potential approval of a Solana spot exchange-traded fund in the coming weeks.
The Solana stock recorded a daily price increase of 5.16% with a trading volume of $6.6 billion, supporting strong interest from traders and continued market participation.
Ondo launched symbolic U.S. Treasury bonds on the XRP Ledger
Ondo Finance launched symbolic U.S. Treasury bonds on XRPL, thereby developing a new institutional financial product using Ripple's stablecoin RLUSD. This step represents a key move toward expanding financial opportunities across the blockchain. #BTC110KSoon? The Ondo initiative indicates significant improvement in blockchain-based financial markets, stimulating adoption by institutional investors seeking safe and compliant solutions for digital asset regulations.
$ETH Highlighted Infrastructure Challenges to Enhance Institutional Trust
The report's findings indicate that the Ethereum ecosystem needs to improve security, particularly concerning institutional integration. The focus on smart contract verification aims to bring about widespread changes in this area.
The proposed upgrades aim to enhance institutional trust by addressing long-standing vulnerabilities, with an emphasis on user experience and infrastructure reliability. This initiative is likely to mitigate risks associated with large-scale financial integrations.
In a recent move to attract cryptocurrency enthusiasts, Binance unveiled its anticipated altcoin project, RESOLV, as part of the HODLer Airdrops initiative. This unique opportunity allows users who invest their BNB coins in Simple Earn or On-Chain Yields products from May 28 to May 31 to earn RESOLV coins. These coins will be automatically added to users' wallets and will be tradable on the Binance platform starting June 11.
SUI Looks to Achieve Breakout as Nasdaq Files for Listing 21Shares SUI ETF
SUI stock is recovering from a consolidation state, as developments related to ETFs have fueled new momentum. At the time of publication, SUI stock is trading at $3.46, up 2.1% over the past 24 hours, recovering from its weekly low of $2.92 on June 6. The decline was driven by market fallout from the CETUS breach and broader macroeconomic pressures. However, new institutional momentum may support SUI's recovery.
Why is the price of Uniswap (UNI) rising significantly?
The price of Uniswap (UNI) has seen a notable increase recently after a resurgence in market momentum. The coin has risen by over 17% in 24 hours, boosting investor confidence. It seems that technical patterns and regulatory shifts are fueling this rise. Analysts indicate a potential long-term increase if the key conditions continue. #CryptoRoundTableRemarks ●▪︎ Uniswap's technical setup indicates a significant breakout