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Analyst sets timeline for Bitcoin’s ‘capitulation event’ that’s due next

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A cryptocurrency trading expert has suggested that the ongoing Bitcoin (BTC) sell-off will likely escalate in the coming weeks, noting that the asset is facing a possible capitulation event . In a TradingView post on August 3, analyst Alan Santana noted that this projection is based on a detailed examination of historical price movements and critical technical indicators, which forewarn investors of significant market turbulence ahead. According to the expert, Bitcoin surged past $70,000 on July 29, 2024, but the euphoria was short-lived. The cryptocurrency couldn’t sustain this price level for even 15 minutes, swiftly falling below the mark and trading below $65,000. This rapid descent indicates overwhelming selling pressure at this price point. Picks for you ChatGPT-4o predicts Cardano (ADA) price for August 31, 2024
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Bitcoin Price Prediction: As MicroStrategy Turns ”Extremely Optimistic” On BTC, Traders Rush To Buy 99BTC With Only Days Left

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The Bitcoin price dropped a fraction in the last 24 hours to trade at $64,463 as of 03:44 a.m. EST on trading volume that surged 9% to $39 billion. This comes as MicroStrategy says it’s “extremely optimistic” about Bitcoin adoption amid increasing ”bipartisan” political support for the crypto industry in the US. “On the adoption front, we are extremely optimistic with the improved understanding of bitcoin and the increasing support for the ecosystem from bipartisan politicians and institutions on display at the Bitcoin 2024 Conference in Nashville,” said MicroStrategy in a press release in connection with its second-quarter earnings. Although MicroStrategy reported a Q2 loss of $180.1 million on its BTC holdings, the firm still holds 226,500 tokens worth about $14.4 billion.  Bitcoin Price Aims For A Sustained Rally The Bitcoin price has been in a sustained rally from July 12 to July 31, surging from the $57,000 support to as high as $70,000 in that time, according to data from
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Most Trending Cryptos on Ethereum Chain Today – Cellframe Token, Ethena USDe, Neiro on ETH

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Bitcoin post-halving predictions are currently being tested by market realities as the third quarter of the year enters the second month. Investors had high hopes for a mega rally after the halving event, which was reinforced by the arrival of the BTC ETF. However, the BTC price has been forced into a range amidst an uneventful global economic outlook. Notwithstanding the performance of BTC and ETH, the Ethereum network sports some tokens with exceptional price action in the last 24 hours. Today’s post covers the top trending cryptocurrencies on the Ethereum chain and offers an overview of the price data of each token.  Most Trending Cryptos on Ethereum Chain Today Also, the crypto market is witnessing the rebirth of presale cryptos as the market awaits the next obvious direction and trend. The presale offering of the 99Bitcoins token is one of the most popular programs in the category. This post offers an overview of the 99Bitcoins presale as the platform hopes to round off the p
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Why are Tether and Cantor Fitzgerald lending near identical amounts?

At Bitcoin 2024 in Nashville, Cantor Fitzgerald, Tether’s custodian for United States treasuries, announced a new lending business which will allow people to get leverage on their bitcoin. Cantor Fitzgerald chief exec Howard Lutnick reportedly stated that it is “going to launch with $2 billion in lending .”  The announcement noted that Cantor Fitzgerald “partner with select bitcoin custodians” to launch this new business line.  Lutnick also noted that the firm owns a “shitload” of bitcoin . Protos has reached out to Cantor Fitzgerald to determine who it has partnered with for this new business line, but at press, it has not responded. Tether’s loans In December 2022, Tether announced its intention to “reduce secured loans in Tether’s reserves to zero.” Despite this, Tether still has secured loans, but it now considers them ‘excess reserves’ and states they “won’t have any impact on the token reserves.” Interestingly, Tether ’s most recent attestation shows that its secured l
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Top Trendi͏ng Mem͏e Coins T͏o͏ Bu͏y͏ Now, Wed͏ne͏sda͏y, Ju͏ly͏ 31 – Maga, No͏n-playable͏ Coin, ͏Mic͏hi (͏SOL), The͏ Meme Games

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The m͏eme c͏o͏in m͏ark͏et is ͏increasin͏gly intersecting with other crypto tren͏ds, includi͏ng gamifica͏tion,͏ philanthro͏py, a͏nd ͏multi-chain functionali͏ty. The Meme͏ Games e͏xem͏pl͏i͏fy the gamification͏ tr͏end, wh͏il͏e͏ MA͏GA dem͏onstrates͏ how meme co͏ins can be used for͏ charitable ͏ca͏u͏s͏es͏. ͏Meanwhile, p͏roj͏ects like ͏Non-Play͏able Coin ͏are br͏idging t͏he͏ gap betw͏een f͏ungib͏l͏e tokens and ͏N͏FTs͏, of͏feri͏ng͏ uni͏que t͏rading oppor͏t͏u͏nities. Despite their͏ often l͏igh͏th͏e͏arted͏ ͏themes, ͏meme ͏coins are gaini͏ng legiti͏macy through part͏ne͏r͏ships wi͏th m͏ajor ex͏cha͏nges and med͏ia coverage. Many proj͏ects are focus͏ing ͏o͏n͏ lo͏ng͏-te͏rm s͏t͏ability and͏ utilit͏y, moving͏ ͏be͏yond mere sp͏eculat͏ion. Ho͏wever, the market remai͏n͏s ͏highly volatile͏, and i͏nv͏est͏ors͏ should ͏approach meme coins with ͏caution, condu͏cting th͏orough research ͏before ma͏king investme͏nt͏ decisions.͏ Top Trendin͏g͏ Meme Co͏ins ͏To Bu͏y Now Mic͏hi presents it͏se͏lf͏ as ͏a ca͏t-them͏
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Ripple: July Is Best Month of the Year as XRP Now Targets $0.9

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Continuing on a bullish run for Ripple, July has ended as the token’s best month of the year with XRP now targeting a run to $0.9 this year. Indeed, the asset has continued to impress investors. Subsequently, experts have noted that it could set the stage for a massive run in 2024. The token has increased more than 38% in the last 30 days, according to CoinMarketCap. That has continued today, with a 6% increase leading XRP above the $0.65 level. Moreover, its performance in July is Ripple’s best since it increased 17% in February of this year. Also Read: Ripple: Here’s When XRP Will Breach $3 Again Ripple Looks to Carry July Gains to $0.9 This Year Ripple has dominated the crypto market this month. It has already outperformed several Top 100 assets, and looks to just be getting started. A closed-door meeting with the US Securities and Exchange Commission (SEC) scheduled for August 1st now has traders anticipating a potential settlement of its years-long lawsuit. This seems to be pushin
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Render Price Prediction: RENDER Plunges 11% In A Week As Investors FOMO Buy This AI Meme Coin With Just Hours Left

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The Render price has plunged  over 11% on the weekly timeframe following a 3% loss in the past 24 hours to trade at $6.02 as of 11:45 a.m. EST. With its poor performance during the short-term time frames, the RENDER price is also in the red by more than 15% over the past 30 days. It is, however, still up over 231% year-to-date. The Render Price Testing A Critical Support 4-hour chart for RENDER/USD (Source: GeckoTerminal ) The Render price is trapped in a negative bearish channel after the altcoin recorded multiple lower highs and lower lows over the past few days. Now, the crypto is testing the crucial support level at $5.9448. A drop below this key price point might lead to RENDER falling to the subsequent mark at $5.7106 in the following 24 hours. On the other hand, the Render price maintaining a position above $5.9448 for the next 12 hours could invalidate the bearish thesis. In this alternative scenario, traders might identify RENDER as a buy opportunity. With this potentia
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