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A smart whale who earned ~$14.5M on $PEPE has been buying $TURBO since May 3👀
He bought a total of 1.38B $TURBO ($1.1M currently) with $977K, the average buying price is $0.0007055.
📍#Bitcoin Update (Continue)
🔺Bitcoin is exhibiting a Symmetric Triangle pattern breakdown, resulting in a downward price movement.
🔺The support level for Bitcoin currently stands at $26,500.
🔺A breach of this support level could lead to a further decline in price, potentially reaching as low as $25,300.
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USDT has been consistently trading at a premium on CEX since March, and is the only stablecoin that has regained its pre-Terra collapse market cap.
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📍#Bitcoin Update (Continue)
🔺Bitcoin is currently experiencing a lack of significant trading volume to support upward price movement, resulting in a bearish trend.
🔺The weekly candle for Bitcoin has also closed in a negative direction, further supporting this downward trend.
🔺The support area at $27,200 is proving to be effective in preventing a further decline in Bitcoin's price.
🔺However, if the support at $27,200 is broken, it may cause a further drop in the price of Bitcoin to around $26,500.
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📍#Bitcoin Update (Continue)
🔺Bitcoin's price performance aligned with our prior predictions.
🔺Bitcoin broke through the ascending channel, resulting in a notable decline in price.
🔺In addition, Bitcoin breached the support level at 28,800.
🔺As a result of the breakdown, the price dropped to a low of approximately $28,355.
🔺Tomorrow is Weekly Closing Candle and we will see Closing in Red 📉
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🚨🚨 JUST IN : US 🇺🇸 to ban short-selling because of bank crisis says JP Morgan - The Times
The short selling ban of September 18th, 2008 marked the start of the panic collapse of the stock market.
JUST IN: 🇺🇸 SEC launches investigation into First Republic Bank $FRC executives for insider trading.
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📍#Bitcoin Update (Continue)
🔺Bitcoin is displaying an ascending channel pattern, which is typically considered a bearish pattern.
🔺A breakdown in this pattern could potentially cause the price of bitcoin to drop to around $28,800.
🔺This level of $28,800 is currently acting as an immediate support level for the price of bitcoin.
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#PEPE is in TOP-40 market cap 🤡🤡🤡
#BTC is a bit distracted by this meme attack!
📊 $24 worth $PEPE Now worth $4,240,471.20😱
💸This is the power of meme coin😂
📌Watch: “Bitcoin benefits when the banking system is not so secure” -Bloomberg
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JUST IN: Western Alliance $WAL falls 53% following news the bank is exploring a sale.
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*FED CHAIR POWELL: NO ONE SHOULD ASSUME THE FED CAN PROTECT THE ECONOMY FROM A FAILURE TO PAY BILLS ON TIME
*POWELL: ECONOMIC CONSEQUENCES 'HIGHLY UNCERTAIN' IF NO DEBT DEAL
📍#Bitcoin Update (Continue)
🔺BTC recovers and breaks $28,500 resistance.
🔺$28,800 resistance broken after Fed rate hike announcement.
🔺Bitcoin price trades above $29,000 and may aim for $30,000.
🔺Downside correction possible if $29,200 resistance not cleared.
🔺Immediate support near $28,800 level and triangle trend line.
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#Binance will remove and cease trading on the following spot trading pairs:
• At 2023-05-11 03:00 (UTC): AR/BNB, BURGER/BNB, JASMY/BNB, JASMY/ETH, OMG/BTC
• At 2023-05-11 06:00 (UTC): PROS/ETH, UNFI/ETH, VIB/ETH, VITE/BUSD, WAVES/BNB, WRX/BNB
$ETH consistently has a higher leverage ratio than $BTC
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💷 The British Pound hit an over-one-year high against the US dollar today
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Next week will be super important for stocks and crypto, as CPI comes out on Wednesday!
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722 banks reported unrealised losses exceeding 50% of their capital - US FED
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🔥Meme coins have shaken up the crypto market!🚀
💰 Pepecoin's latest craze has caused Ethereum gas fees to spike to a 1-year high.
📈 31,700 ETH burned in the last week, pushing transaction costs even higher.
💸 Daily median gas price hit a 12-month high of 87 gwei.
🔥 152K ETH burned since the merge, with 31.7K ETH in the past 7 days.
Gold reserves (metric tonnes):
🇺🇸 United States: 8,133
🇩🇪 Germany: 3,355
🇮🇹 Italy: 2,452
🇫🇷 France: 2,437
🇷🇺 Russia: 2,299
🇨🇳 China: 2,011
🇨🇭 Switzerland: 1,040
🇯🇵 Japan: 846
🇮🇳 India: 787
🇳🇱 Netherlands: 612
🔺Binance Coin (BNB) is currently forming a symmetrical triangle pattern on its price chart.
🔺The lower trendline of this pattern has acted as a support level and caused the price to bounce back up.
🔺Additionally, a double bottom pattern has formed within the symmetrical triangle, which is a bullish sign.
🔺If BNB follows through with this double bottom pattern, we can anticipate a potential upside movement in its price point.
📍#Bitcoin Update (Continue)
🔺Bitcoin price is currently accumulating in a symmetrical triangle pattern.
🔺However, the volume of Bitcoin is still low, indicating a lack of strong market participation.
🔺To confirm a bullish trend, Bitcoin needs to break out of the symmetrical triangle pattern with significant volume.
🔺Immediate resistance for Bitcoin is near the $29,420 level.
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Nearly a year after the collapse of Terra, volume on Korean exchanges has recovered from a two-year low hit in early January 2023
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🇸🇻 President of El Salvador has officially signed a law eliminating all taxes on crypto and technology innovations.
👉🏻 Now El Salvador will become an attractive place for everyone who wants to develop new technologies and invest in cryptocurrency without the burden of extra taxes. It's going to be very interesting to see what projects will be launched in the near future! 🚀
Banks Keep falling one by one📉Signature Bank
First Republic Bank
PacWest
Bancorp
Western Alliance Bancorporation
Credit Suisse
Silvergate
Silicon Valley Bank
🆘WSB Coin Rugpulled By One Of Its Moderator, WSB Coin Dumps -90% ‼️
➡️Investing in meme tokens can be risky
➡️DYOR before investing or putting your money in any new projects
➡️Source: Click here