Bitcoin quickly surged past the $50,000 mark, indicating strong buying pressure. However, it then experienced a rapid drop below $50,000, liquidating many trades. This correction was necessary to rebalance the market and clear out one-sided positions. The global markets are also displaying positive signs of recovery, which is likely to be reflected in the crypto market as well.
Читать полностью…Crypto Market in a Blink!
Double-digit drops across the board! Fingers crossed that the dump is over and we’ll see a recovery rally soon.
Bitcoin is experiencing a sharp decline without showing any signs of strength. The price broke below the key level of $50,000 but quickly rebounded. For a positive outcome, BTC needs to close the candle above $50,000; otherwise, things will take a turn for the worse. It's advisable to keep accumulating during dips.
Key Support Area: $50,000-$51,000
Educational Post
What Is a Burner Wallet?
A burner wallet is a temporary crypto wallet that users create for potentially risky interactions with various blockchain applications. Burner wallets are not meant for storing large amounts of crypto but should contain just enough for a single or a few interactions.
How Do Burner Wallets Work?
Burner wallets can be created using hierarchical deterministic (HD) wallets, which can generate numerous accounts from a single secret seed phrase. Every account within an HD wallet has its own private key but is managed under the same seed phrase.
To use a burner wallet, you can generate a new account specifically for working with potentially risky blockchain applications or smart contracts. The key is to reduce risks by keeping your primary wallet and funds separate from these activities. For example, you could create a burner wallet when participating in new airdrops or when interacting with a new smart contract that was not audited.
By segregating your assets into different types of accounts, such as a primary account for storing most of your assets and a separate burner account for risky interactions, you ensure that even if a burner wallet is compromised, your main wallet and most of your crypto stored on it remain secure.
Benefits of Burner Wallets
Safe browsing
Users often explore new blockchain platforms, but they tend to have vulnerabilities or scam projects. Using a burner wallet when engaging with these new applications is crucial to ensure that even if a platform is malicious or compromised, most of your crypto assets remain secure.
Protection against malicious smart contracts
By using a burner wallet to interact with smart contracts, you can isolate the potential risks to a separate disposable account. This safeguards your main wallet from being drained in case of faulty smart contracts.
Conclusion
Burner wallets are temporary cryptocurrency wallets that users can use to mitigate the potential risks related to interactions with various blockchain applications. Burner wallets offer benefits in the form of protection against potentially malicious smart contracts and an ability to safely engage with new and untested blockchain applications.
PYTH was rejected from the resistance area and then dumped. We advise you to wait for a clear breakout. There may be a bounce from the support area, which is the zone for new entries.
Support Area: $0.23-$0.26
XVS analysis:
The price broke below the support area and is now dropping sharply. It's currently not a good trading zone, so waiting for a test of the lower support area is better.
Support Area: $5.60-$5.75
Resistance Area: $6.40-$6.65
ARPA was unable to hold the support area and broke below the trendline. The price also retested the trendline and is now heading down. This is a no-trade zone, and it's better to stay away for now.
Support Area: $0.032-$0.033
Bitcoin dropped to the lower support area as expected. The price took the liquidity from the lower support area and surged from there. BTC needs to hold the $59,000-$60,000 support zone at all costs; otherwise, we might see a heavy dump.
Читать полностью…ETH is currently testing a major support area. The price needs to hold the support area to remain positive. There is selling pressure from Grayscale after the approval of the spot ETF, similar to what we experienced when the BTC spot ETF was launched. It may be a good idea to accumulate some ETH around the support area.
Support Area: $2850-$3000
Less than 25 minutes until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
Jump in now as we’re expecting massive pump from $JWIF upon #MEXC listing today🚀✌️
🥞PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0xf94e94a6c5001886818def76097a0fd1ed049ba5
Recent Glassnode data reveals that $BTC long-term holders (LTHs) are increasing their supply.
Despite selling during the recent price rally, LTHs are resuming their HODLing behavior. Short-term holders (STHs) are transitioning to LTH status, indicating a shift in market dynamics.
Educational Post
What Is Cold Storage?
Cold storage is when you keep your digital assets offline to make sure they are safe from hackers. In fact, what you keep offline are the private keys, not the assets. Private keys are cryptographic keys that grant access to your cryptocurrency holdings. Unlike hot wallets, which are connected to the internet and susceptible to online vulnerabilities, cold storage methods keep your private keys offline at all times.
How Does Cold Storage Work?
There are different ways to isolate your private keys from online exposure, including hardware wallets, paper wallets, and air-gapped systems.
Hardware wallets
Hardware wallets are physical devices designed to securely store private keys. These devices often resemble USB drives and offer an additional layer of protection through encryption and PIN authentication. By generating and storing keys offline, hardware wallets ensure that access to funds remains restricted from online threats.
Paper wallets
Paper wallets involve printing or writing down private keys on paper. These physical copies can be stored in a secure location, such as a safe or vault. Paper wallets are considered cold storage since the keys are entirely offline, reducing the risk of cyber attacks.
Paper wallets were popular in the early days of Bitcoin but are now discouraged due to risks. Paper is fragile and can be easily damaged. There are also concerns related to using a potentially infected computer or printer.
Another risk is the misconception that funds can be sent multiple times from the same address. When sending funds from a paper wallet, you must send the entire balance to avoid losses.
Big News from #BCCOIN
$6M buyback and burn has begun 🔥
90% of the total supply is being burned and locked 🔒
$BCCOIN is under $2 and gearing up for a run towards moon 📈
Now is the best time to buy! Don't miss out on this incredible opportunity! 🌟
Buy $BCCOIN here:
Gate: gate.io/trade/BCCOIN_USDT
Bitget: bitget.com/price/blackcardcoin
MEXC: mexc.com/price/BCCOIN
BingX: bingx.com/spot/BCCOINUSDT
Bitmart: bitmart.com/trade/en-US?symbol=BCCOIN_USDT
Telegram: t.me/Official_BcCoin
Twitter: x.com/BlackCardCoin
#BingX will list $JWIF on 7th August, 14:00 UTC: https://x.com/BingXOfficial/status/1818972344729362851
$JWIF is unstoppable with back-to-back Top-Tier exchange listings, first #MEXC and now #BingX!
But wait, there's more – another Tier1 listing announcement is coming and partnership with Binance listed meme project will be revealed next week as per their official tweet: https://x.com/jerrywifcoin/status/1819055086230032483?s=46
⏳Less than 24hours left untill $JWIF launching on MEXC, Countdown link: https://www.mexc.com/exchange/JWIF_USDT
🥞PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0xf94e94a6c5001886818def76097a0fd1ed049ba5
$JWIF is heavily undervalued at current price! Get in while it’s still cheap to accumulate here, it can easily make 10X-20X rally in short term. Buy on PancakeSwap and HOLD for massive profits🚀✌️
Bitcoin is currently dropping below the support zone. The price is attempting to regain the support area. If the price cannot break above this support area, we might see a move towards the $60,000 major support area. Keep an eye on the price action.
Читать полностью…As we predicted, Bitcoin and the crypto market have bottomed out and started pumping right after our message. We've seen a solid recovery across almost all altcoins, with some coins jumping more than 30% from the bottom. Hope you filled your bags! Now, you can hold your trades with a trailing stop loss or book partial profits. The USA market is showing some strength and hoping it will end the dump.
Читать полностью…It appears the local bottom is in. We might see a small relief rally in BTC and altcoins. Consider buying SOL, BNB, and other trending coins for quick gains.
Читать полностью…MOVR analysis:
Price retested the resistance line and was rejected. It has now reached the lower support zone, and you can open a small long position here with a tight stop loss. We may see a bounce from there.
Support Area: $7.40-$7.90
Resistance Area: $11.20-$12.20
Long-term investors currently hold 45% of the network wealth, a relatively high level compared to near macro cycle topping events. This indicates that LTHs are in HODL mode, patiently waiting for higher prices to divest into market strength.
Читать полностью…Bitcoin has once again tested the support area, and the good news is that the price holds this level. We may see some sideways movement in the market for now. Keep an eye on the support area. Altcoins look oversold, so you can consider building long positions in your favourite coins.
Читать полностью…Bitcoin whales have made a significant move, withdrawing 64,000 BTC from exchanges. This marks the largest accumulation since 2015, signaling strong confidence in the market.
Читать полностью…💥Exciting news, dear members! In response to Massive demand from our community, we're thrilled to announce that our next 50X-100X Mega Pump Signal will be hosted at MEXC. Get ready to ride the wave of opportunity with us💥
Date: 11-August-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
Advantage: Free For All
With the success of our previous big pump signals #YOLO (3200%) #VTS (3500%) #FRTN (6500%) #JET (+10600%) on MEXC, which remained in the "Top Gainers" for over 24+ hours. we are ready to announce our next big signal on MEXC.
There is very little hidden sell pressure in the orderbooks and we believe that with our massive buying power we will be able to reach 50X-100X easily possibly even more. we have decided to schedule our next signal in 8 days to make sure that we are fully prepared. Our main goal for this pump signal will be to make sure that every single member in our group makes a massive profit. With our ability to keep creating the most powerful and biggest pumps , we will take every opportunity we can get. We welcome everyone to join us as we create the next big pump all traders and investors all over the world have been waiting for.
Get ready for the biggest event in our group's history! we are targeting 50X-100X gains. This one is set to outshine all our past successes in terms of percentage gain as More than 1Million active participants are ready to take advantage of this Mega event! Our team is continuously scanning all promising coins available in the market and we've got some absolute gems💎 which are absolutely ready to make waves in the market which you had never witnessed till now🚀🚀
Stay tuned for upcoming instructions to ensure all our members are geared up for MEXC. Get prepared for the pump of a lifetime✌️
Why $BCCoin?
Exclusive Access: $BCCoin is your ticket to obtaining a BlackCard, opening a realm of possibilities for crypto spending and earning.
Rewarding Experience: With a substantial portion reserved for user rewards, holding $BCCoin becomes increasingly beneficial over time.
Sustainable Model: The strategic distribution of $BCCoin ensures long-term viability and growth of the ecosystem.
Don't miss out! Buy $BCCOIN here:
- Gate: gate.io/trade/BCCOIN_USDT
- Bitget: bitget.com/price/blackcardcoin
- MEXC: mexc.com/price/BCCOIN
- BingX: bingx.com/spot/BCCOINUSDT
- Bitmart: bitmart.com/trade/en-US?symbol=BCCOIN_USDT
🚨 US MARKET OPENED BAD due to global recession concerns
Stay tuned for further updates and this will impact the crypto market as well.
🚨Countdown Alert!!
Less than 4 hours until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
Also $JWIF listing on #BingX is scheduled for 7th August, 14:00 UTC and recently they tweeted about upcoming major partnership with binance listed meme project and Another Tier1 exchange listing is in pipeline for next week! All these signs point to a massive rally for $JWIF this week!
🔗BingX announcement link: https://bingx.com/en/support/articles/35807009874457/
Ⓜ️MEXC's countdown link: https://www.mexc.com/exchange/JWIF_USDT
Don’t miss out this one🚀 Grab $JWIF now while it's still available in the dip! Buy on PancakeSwap and HOLD for massive profits in short term🚀✌️
🥞PancakeSwap buy link: https://pancakeswap.finance/swap?outputCurrency=0xf94e94a6c5001886818def76097a0fd1ed049ba5
Bitcoin tried to reclaim the support level but was rejected from there. If BTC unable to go above this level then we see a move towards the major support area.
Major Support Area: $59,000-$60,000
#JWIF 🔥
https://x.com/Jerrywifcoin/status/1819055086230032483?t=qxeAMqrlTsfgUMdWXLDjfw&s=19
TKO analysis:
Price is currently testing the support trendline of the triangle. A break and candle close below this level would indicate a bearish trend. It's better to observe the price action at the support before making any decisions.
Support Area: $0.292-$0.296
Resistance Area: $0.32-$0.33
Kraken and Bitstamp have been chosen as the designated exchanges tasked with redistributing creditor funds. Currently, Kraken has received 49,000 BTC, while Bitstamp has received an initial tranche of 10,000 BTC.
Читать полностью…ARPA analysis:
Price was rejected from the resistance area, and now we may see a test of this zone again. The small uptrend line now serves as a support area.
Resistance Area: $0.0448-$0.0477