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The TOTAL crypto market cap broke the downtrend channel in an upward direction. This is a good sign for the crypto market, and we may see a continuation of the upward movement. The next few months will be good for the crypto market.

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According to Glassnode data, the number of whales in $BTC has started to grow again!

This resurgence signals renewed interest and confidence among major holders, setting the stage for potential big moves in the market!

The altcoin market cap (TOTAL2) is currently testing the downtrend resistance line. If TOTAL2 manages to break above this resistance line, we could see a strong rally in altcoins. If BTC doesn't experience a sudden drop, then we can expect significant movement in altcoins.

🚀 Big Moves Ahead for $TWIF! 🚀

$TWIF is currently trading in a symmetrical channel after an impressive upward rally. Brace yourselves, as we might witness a breakout from this symmetrical triangle in the upward direction, continuing the rally! With many big things in the pipeline, the future looks incredibly promising! 🔥🚀

Buy Now:

- PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350

- Uniswap: https://app.uniswap.org/#/swap?outputCurrency=0x62760e76DCe6b500349EC5F6119228d047913350

Bitcoin continues its upward movement, breaking the major resistance level of $70,000. As expected, US trading volume kicked in, pushing the price even higher. We may see a new all-time high anytime now. Get ready for the FOMO rally to start.

Bitcoin balance on exchanges has hit a 5-year low, indicating that traders are accumulating BTC for the long term. This trend suggests growing confidence in Bitcoin's future potential.

ETH experienced significant price movement as expected, increasing by over 30% since our entry. The surge is believed to be in anticipation of the ETH ETF approval date approaching. The next major resistance level is expected in the $3900-$4000 range.

Educational Post

What is Confirmation Time in Blockchain Transaction?

Confirmation time is defined as the time elapsed between the moment a blockchain transaction is submitted to the network and the time it is finally recorded into a confirmed block. In other words, it represents the total time a user has to wait until their transaction gets collected and confirmed by a miner node.

Depending on the type of blockchain and network architecture, this time can be reduced by offering a higher transaction fee, so miners will have an incentive to give a higher priority to your transaction.

Confirmation time can be used as a metric to measure the average speed of a blockchain network. However, since the actual time between submission and confirmation can vary due to individual factors and fluctuating demand, it is more reasonable to calculate the efficiency and speed of a blockchain by making use of an averaged confirmation time according to its current state and the most recent blocks.

After a transaction has been included in a block by a miner, the block needs to be validated by the other nodes of the network. When the block is confirmed to be valid, the transaction is considered to have a single confirmation, meaning that each new block that is mined on top of that will represent another confirmation.

As the most recent blocks in a blockchain are not considered as fully secure, it is often recommended to wait for additional block confirmations before considering the transaction successful and irreversible. This is especially true for the parties that are receiving cryptocurrency payments, such as merchants and online service providers.

The actual number of confirmations before a transaction is considered final varies and is directly dependent on the computational power (hash rate) devoted to securing each blockchain network. For instance, Bitcoin users usually consider a minimum of 6 block confirmations to be highly secure, but other chains with less power behind them would require significantly more than that.

MINA analysis:

The price is currently trading in a tight range, indicating a no-trade zone. It's advisable to wait for a test of either the resistance area or the support area. Given the overall bullish market, there is a high possibility that the price will move towards the resistance area. If you decide to trade, use a tight stop loss.

Support Area: $0.70-$0.733

Resistance Area: $0.98-$1.00

Notice of Removal of Margin Trading Pairs - 2024-05-31
https://www.binance.com/en/support/announcement/b0425f147ddf4f2a887ca2a781ccc68e

Bitcoin is currently retesting the $69,000-$70,000 range, and the price is holding at this level. A break below $69,000 may lead to a sell-off in the market. Keep an eye on the support level. The next major resistance area is $72,000-$73,500.