Author: James Wilson
Ethereum has lost the $2,550 high time frame resistance on multiple candle closes, confirming a possible bull trap. The price now risks returning to range lows, with support sitting at $2,226. Ethereum (ETH) has reacted bearishly from a critical high time frame conflict zone near $2,550. This level had served as a key resistance in recent weeks and was briefly reclaimed before being lost again on several candle closures—a classic indication of a bull trap formation. Rejection at this HTF level carries significant implications for the coming weeks, particularly if ETH continues to trade below this pivotal zone. Key technical…
Bitcoin and most altcoins declined on Friday, July 4, as investors booked profits, trade jitters resurfaced, and expectations for a Federal Reserve interest rate cut diminished. Bitcoin (BTC) dropped to $107,800, retreating sharply from this week’s high of $110,200. Leading the losses among altcoins were SPX6900 (SPX), Ethena (ENA), Dogwifhat (WIF), and Pepe (PEPE). Bitcoin and altcoins likely dropped because of the recent US nonfarm payrolls jobs data and their implications to the Federal Reserve. In a report on Thursday, the Bureau of Labor Statistics said that the economy added 147,000 jobs in June, while the unemployment rate dropped to…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Quid Miner’s new mobile app helps users earn daily income from crypto through smart cloud mining, no hardware or trading required. Against the backdrop of geopolitical tensions and increased market volatility, the traditional “buy-hold-wait-to-rise” strategy is no longer able to cope with the complex market conditions. How to convert crypto assets into stable cash flow is becoming a common question among more and more investors. Quid Miner, a British intelligent cloud computing platform, is the representative of this trend,…
Russia’s tech conglomerate is launching its own stablecoin on the Tron network along with a stablecoin payment platform. Countries across the globe are entering the stablecoin race. On Friday, July 4, Russia’s state-owned tech conglomerate Rostec announced plans to launch its own stablecoin this year, along with RT-Pay, a dedicated platform for stablecoin-based payments. The RUBx stablecoin, backed 1:1 with the Russian ruble, will operate on the (TRON) network. According to the company, both the stablecoin and RT-Pay will serve as secure transaction tools for businesses and individuals. “Each RUBx is backed by real obligations in rubles. This is legally…
MiCA is here, and Binance just hired someone who’s been through the fire to steer its European ambitions. Gillian Lynch’s hire signals a deliberate shift: compliance is now the cornerstone of expansion. On July 4, the world’s largest crypto exchange by trading volume, Binance, appointed Gillian Lynch as its new Head of Europe and the UK, tasking her with overseeing regulatory strategy and expansion in one of the most tightly governed digital asset markets. Lynch, a former CEO of Gemini Europe and a veteran of traditional finance, brings two decades of experience bridging the gap between regulators and disruptive fintech.…
While global stocks are likely to continue higher despite fresh tariff concerns, Bank of America strategist Michael Hartnett has warned that moves above 6,300 for the S&P 500 could trigger a “sell signal.” Bank of America strategists said in a research report that investors have allocated significant funds into cash and bonds in recent days, even as stocks rallied to record highs. Both the Dow Jones Industrial Average and the Nasdaq Composite edged higher as markets welcomed the easing of Middle East tensions and positive sentiment driven by macroeconomic tailwinds. Fresh trade war risks The S&P 500 has had a…
The People’s Bank of China is taking steps to expand its digital yuan project, starting with its free trade zones. On Friday, June 4, officials at the People’s Bank of China announced the expansion of financial innovations tied to its Shanghai Free Trade Zone. Notably, this includes broader applications of the digital yuan. Ji Min, head of the PBOC’s Research Bureau, stated that the country will expand the “Shanghai model” and “deepen financial openness and innovation” within the zone. Simultaneously, the central bank will apply these policies to other free trade zones across the country. Specifically, China will promote the…
Hyperliquid faces repeated rejection at the $40 resistance zone. Despite its bullish structure, the lack of breakout volume suggests consolidation will persist until a decisive move confirms a new trend. Hyperliquid (HYPE) has exhibited strong bullish momentum in recent weeks, but current price action signals exhaustion as the token struggles to break through the $40 psychological resistance. This level has been tested multiple times without an impulsive breakout, suggesting that sellers remain firmly in control of this zone. While the broader trend remains intact, the recent lack of breakout volume and the inability to surpass this resistance increase the likelihood…
A Belgian court has sentenced three for the abduction of a crypto coach’s wife, marking another high-profile case amid the rising wave of crypto kidnappings in France. The Brussels Criminal Court court has sentenced three kidnappers to 12 years in prison for the abduction of the wife of crypto investor and trading coach Stéphane Winkel, as initially reported by local news agency La Dernière Heure. The incident occurred in December last year outside their home in Forest, Brussels, where the victim was forcibly taken and held hostage in a van. After Winkel raised the alarm, police chased the vehicle and…
Bitcoin is showing signs of strength heading into July, with low volatility, steady demand, and historical trends suggesting the price could soon make a sharp move higher. A July 4 report from Matrixport suggests that if seasonal trends continue and capital flows stay consistent, Bitcoin (BTC) could reach $120,000 this month. According to the report, realized price swings have now reached multi-year lows, indicating a significant decline in volatility. The market may be maturing as the one-week implied volatility is in the 30s, which is calm by Bitcoin’s standards. Institutions are taking notice of this decreased volatility. When price movements…