BTC $78,662.63 +0.75%
ETH $2,446.80 -0.41%
BNB $688.35 -0.84%
XRP $1.37 -1.40%
SOL $103.04 -1.71%
TRX $0.3365 -1.19%
DOGE $0.0828 -2.14%
ADA $0.1961 -2.32%
BCH $247.93 +0.98%
LINK $11.27 -0.95%
HYPE $81.22 -2.41%
AAVE $123.68 -0.22%
SUI $0.7220 -2.26%
XLM $0.1768 -1.30%
ZEC $831.34 -1.00%
BTC $78,662.63 +0.75%
ETH $2,446.80 -0.41%
BNB $688.35 -0.84%
XRP $1.37 -1.40%
SOL $103.04 -1.71%
TRX $0.3365 -1.19%
DOGE $0.0828 -2.14%
ADA $0.1961 -2.32%
BCH $247.93 +0.98%
LINK $11.27 -0.95%
HYPE $81.22 -2.41%
AAVE $123.68 -0.22%
SUI $0.7220 -2.26%
XLM $0.1768 -1.30%
ZEC $831.34 -1.00%

irl

All
Article
Flash

first_img Fairlead Strategies: Bitcoin is no longer oversold, a breakout is imminent

Fairlead Strategies Managing Partner Katie Stockton stated that Bitcoin is no longer in an oversold state, but it has not yet reached an overbought state. She pointed out that Bitcoin broke through the 200-day moving average in May, and a potential breakout may be imminent. Last week, Bitcoin began to rise due to news that the U.S. Treasury would at least double the scale of liquidity support repurchase operations, with a 7-day increase of over 22%, and the latest trading price is around $78,915, having previously surpassed $81,000 on Monday.For most of June and July, Bitcoin traded below $65,000 and experienced the lowest volatility in 17 years. Analysts believe that the so-called "devaluation trade" may heat up again, where investors buy assets when they believe fiat currencies are devaluing. The dollar declined after the Treasury's announcement, while gold and Bitcoin rose accordingly. U.S. investors re-entered Bitcoin ETFs last week, with inflows nearing $2 billion.Additionally, President Trump met with crypto executives at the White House last week, stating that pushing the Clarity Act through would keep the U.S. ahead. The bill was originally scheduled for a vote in August but has now been postponed to September, and it will establish a framework for distinguishing between securities, commodities, and payment stablecoins in digital assets.

Musk's ex-girlfriend's interaction drives the Meme coin PsyopAnime's market value back to 10 million dollars, with a certain address making a large purchase of 9.4 million tokens

According to GMGN monitoring, the market capitalization of the Meme coin PsyopAnime on the Solana chain has started to rise from a low of about $5 million today, reaching a peak of $13 million, with a cumulative increase of 140% during the day. It has currently retraced to about $9.6 million, with a current price of $0.0096. It is reported that this round of price increase may be mainly due to the well-known Canadian singer Grimes (X: Grimezsz), who is also Elon Musk's ex-girlfriend, responding to PsyopAnime's official Twitter yesterday, indicating a discussion on Friday, which propelled the Meme coin to start its first round of price increase early this morning.At 9 AM today, Grimes responded to the PsyopAnime-related updates, stating that she had received the news but had not delved into it due to being "very busy" recently. Additionally, according to GMGN monitoring, the second round of increase was driven by a trader with a certain qqP3 address, who made a large purchase of 9.41 million tokens at 9:32 AM, amounting to about $95,000, briefly pushing the token price to $0.0135. This was the largest purchase address in the past 24 hours, with an average holding price of $0.0101. This Meme coin is based on the X platform account PsyopAnime, which generates AI-created anime shorts interpreting global news and current events. Previously, on January 13, influenced by Musk's attention to the official PsyopAnime account on the X platform, the similarly named Meme coin on the Solana chain surged over 3600% within three hours, reaching a market capitalization peak of $27 million. ChainCatcher reminds users that trading in Meme coins is highly volatile, largely relying on market sentiment and speculative hype, with no actual value or use case, and investors should be aware of the risks.
app_icon
ChainCatcher Building the Web3 world with innovations.