The coming hours are extremely critical to determine whether the ceasefire will be extended or not, and the fact that an agreement has been reached for Lebanon today is hopeful for Iran. Moreover, since the blockade of the Strait of Hormuz makes Iran’s job difficult, the problem is expected to be resolved at the table. So, what were the 5 important issues on the agenda of cryptocurrency investors today? How does the crypto oracle interpret the current situation of Bitcoin?
What is the agenda of cryptocurrencies?
Solana’s DeFi strength had taken a significant hit with the Drift hack, and today Tether announced funding of up to ~$127.5 million to recover Drift. Tether, which wants to highlight USDT as the payment layer of Drift, wants to prevent the destruction that will harm the market. Solana took this news positively and is now stalling above $87. Circle and stock exchanges have large volumes on Solana. USDC exports. Santiment data says that Tether can take different steps to keep USDT liquidity strong.
ETF entries were also on the agenda today. Large spot ETF inflows led by BlackRock, BTC, ETH, XRP and fueled institutional demand on the SOL. BIP-361, which proposes to freeze BTCs that are vulnerable to quantum attacks, was also among the most talked about topics today.
According to reports, the bankrupt shoe maker sold its assets, rebranded as NewBird AI and committed to purchasing GPUs. While the stock made huge gains in a few hours, the profit experienced by a shoemaker with the claim of artificial intelligence transformation cryptocurrency attracted the attention of investors.
The increase in liquidity and the rise of S&P 500 and Nasdaq to all-time highs brings with it comments that geopolitical risks will decrease day by day. The issue is in the focus of the crypto community.
The third consecutive weekly green candle close is approaching, with sentiment at extreme fear levels. Ran Neuner believes that the downward trend is about to end.
The liquidity concentrated above whets the appetite of large liquidation-hunting investors and stock exchanges. When you look at it from this perspective, it is more likely for BTC to overcome the $76,000 resistance.
What does the crypto oracle say?
Roman Trading has been arguing for months that a few long-term indicators provide accurate ideas about the direction of the price. He correctly predicted many major movements since the last quarter of last year, as he maintained his bearish psychology. He now claims that this is a harbinger of a larger decline as the price tries to rise while volume weakens. The bulls are looking forward to the day he will be wrong, and that day may have come. If a ceasefire is achieved, we can see a strong rise for at least a few weeks. Moreover, if the volume accompanies this crypto oracle may also change his mind.
“Volume is one of the most important indicators showing the direction of the market. We are in a downtrend at the macro level, and when high volume is seen, this decline continues. Low volume indicates a consolidation or correction process for the continuation of the general trend.
The next high volume move will likely take us lower. (As the volume increases, the direction will be reversed.)
