🌅 Crypto Shake-Up Deepens as Altcoins Slip, Hacks Surge, and Big Players Exit
⚡ CryptoTrendz - 📌 Latest Trendz Uncovered!:
Arthur Hayes offloaded $13.3M in ETH, PEPE, and Ethena as US tariff fears loom. Solana eyes a rebound after hitting $140. Pudgy Penguins show bullish signs, and Optimism hints at a breakout. A $3.5B BTC heist resurfaces; Bitcoin holders stir as markets shift. ✨We’ll now walk through:
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🔹Crypto Market Crash:*
🔹Arthur Hayes sold $13.3M in Ethereum, PEPE, and Ethena amid US tariff worries, signaling potential market distress. Such moves highlight ongoing volatility and external economic influences (Source).
🔹Hyperliquid (HYPE) approaches a critical support level, suggesting momentum may slow or reverse, keeping traders cautious around key price zones (Source).
🔹Solana’s price fell below support levels, raising concerns whether $140 might be the final drop before a possible reversal or further decline (Source).
🔹The SEC’s ‘Project Crypto’ could disrupt the US crypto landscape, paving the way for new cryptocurrencies to surge and reshape regulations (Source).
🔹Optimism is showing signs of a breakout after retesting $0.66, hinting at potential upward movement amidst bullish signals (Source).
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🔹Crypto Price Predictions & Trends:*
🔹Arbitrum’s recent rejection at $0.48 suggests weak structure, keeping the bullish momentum in check and signaling potential downside risks (Source).
🔹A $3.5B Bitcoin theft from 2020 was uncovered, emphasizing the importance of securing digital assets with robust wallets (Source).
🔹Pudgy Penguins may reach $0.12-$0.15 based on Elliott Wave analysis, indicating a possible rally for this NFT-inspired token (Source).
🔹Snorter Token ($SNORT) could hit $1 by 2030, showcasing promising long-term growth potential amid market developments (Source).
🔹Gate US has launched spot trading services, boosting accessibility for American investors to engage with crypto markets (Source).
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🔹Market Sentiments & Investment Insights:*
🔹Despite some Bitcoin long-term holders selling, the overall bullish trend may still be intact, with optimism around future rallies (Source).
🔹Worldcoin’s price struggles to break above $0.99, risking further pullback if resistance persists (Source).
🔹An online insurance platform settling $19M in response to harassment allegations highlights the legal complexities within digital finance (Source).
🔹Saylor recommends top cryptos for retirees, emphasizing Bitcoin’s appeal as a strategic investment due to its stability and growth potential (Source).
🔹Hedera Hashgraph (HBAR) maintains 55% monthly gains but faces resistance at $0.275, requiring strong buying to push higher (Source).
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🔹Blockchain Risks & Adoption:*
🔹Litecoin’s intraday activity remains sideways, closely tied to Bitcoin’s movements, reflecting broader market sentiment (Source).
🔹Grayscale introduces a trust for a mid-cap altcoin, which has surged over 100% last month, showing increasing institutional interest (Source).
🔹Crypto hacks caused a $142M loss in July, prompting users to adopt better wallet security to protect their assets (Source).
🔹Visa expands its crypto ecosystem by adding stablecoins and blockchain networks, enhancing mainstream payment options (Source).
🔹Ethereum’s price dropped back to $3,500, but indicators suggest the uptrend may still continue, offering hope for bullish traders (Source).