Altcoin
Binance Expands Support for LUNC, USTC, LUNA, SHIB Among Other Crypto
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, on Saturday announced listing of new trading pairs and existing tokens on new networks. Binance’s Thailand arm to list trending crypto including Terra Classic (LUNC), USTC, Terra (LUNA), Shiba Inu (SHIB), Celestia (TIA), Wormhole (W), Bittensor (TAO), and others.
Binance TH Announces New Crypto Listing
Binance Gulf’s Thailand-based crypto exchange Binance TH said it will add trading pairs on June 11, as per an official announcement on June 8. The crypto exchange added 10 new cryptocurrencies for trading amid push increase users on the new exchange.
Binance TH will list LUNA/USDT, LUNC/USDT, USTC/USDT, TIA/USDT, AR/USDT, TAO/USDT, W/USDT, TRB/USDT, JTO/USDT, and TNSR/USDT pairs. Terra Luna Classic community sees the move another commitment by Binance to LUNC, USTC, and LUNA tokens amid demand from domestic users.
In addition, crypto exchange will also list existing tokens on new networks for trading. Binance TH will list ETH on Base, Arbitrum, and Optimism; USDT on Arbitrum, Optimism, and Avax C-chain; WAVES and SHIB on BSC.
Users can start trading above-mentioned crypto at 2:00 PM local time on June 11, 2024. Interestingly, it comes a day before settlement between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs.
Also Read: Terra Luna Classic Set To Implement Tax2Gas and End LUNC Burn Tax?
LUNC, USTC, SHIB, and Crypto Prices To Surge?
Altcoins’ prices fell after the crypto market selloff in the last 24 hours, dragging the global crypto market cap by more than 3.40% to $2.54 trillion. However, market experts believe prices will rebound soon as inflation cools but
LUNC price fell 10% in the last 24 hours, with the price currently trading at $0.0001064. The 24-hour low and high are $0.0001018 and $0.0001219, respectively. The drop erased sentiment for a new rally as traders anticipated a start of massive rally.
USTC price tumbled more than 12%, with the price changing hands at $0.02145. The selloff pared 22% gains USTC saw in a month.
Meanwhile, SHIB price also dropped over 6% and currently changing hands at $0.00002332. Trading volume in the last 24 hours has increased by more than 80%. However, Shiba Inu is likely to continue rallying after the lull.
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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
In the background of the crypto market’s bearish movement today, a renowned XRP whale has continued selling significant amounts of XRP. Notably, on-chain insights by Whale Alert reveal nearly 71 million coins dumped to exchanges over the past day, setting off discussions surrounding XRP’s future price action across the crypto industry.
XRP price currently takes the heat of the broader crypto market trend, slipping as low as the $0.39 price level. So, let’s gauge in on the market statistics for Ripple-backed asset.
On-Chain Data Flags Whale Dumps
According to data by Whale Alert, 70.9 million XRP, worth $31.29 million, was shifted to two exchanges in a couple of transactions. As per the data, the whale address, …Rzn, was recorded as shifting the abovementioned amount.
…Rzn shifted 35.8 million coins, worth $15.80 million, to Bitso, a Mexico City-based CEX. Simultaneously, it transferred 35.1 million coins, worth $15.49 million, to Bitstamp, a Luxembourg city-based CEX.
These dumps have presented XRP with increased selling pressure amid a bearish market, causing further downside pressure on the asset. Intriguingly, CoinGape Media earlier reported that the same whale address has been repeatedly dumping XRP into the Bitstamp & Bitso crypto exchanges. Aligning with this, a negative market sentiment sparked by the whale dump engulfs XRP.
Meanwhile, despite Ripple rolling out upgrades for the network and strengthening its case against the U.S. SEC, the native token, XRP, has continued its sluggish movement.
Also Read: Leading Telecom Company Taiwan Mobile Gets Crypto Exchange License
XRP Price Correction?
At press time, the XRP price chart showed a 10.15% dip in value to trade at $0.4056. Its 24-hour lows and highs were $0.3977 and $0.4532, respectively.
Intriguingly, in a post by the crypto market analyst Dark Defender today, it was brought to attention that the $0.39 price level serves as POC (Point of Control). This is where most trades have taken place since 2014, making it a vital support as of the current trajectory.
Whereas, after consolidating over the past week, the crypto tanked forming resistance at $0.42. The RSI was moving along 22, signaled an oversold territory for the asset. This could mean a potential price rebound ahead as the market recovers.
Also, pro-XRP lawyer Bill Morgan took to X today, spotlighting his XRP purchase with a strategic buy-the-dip sentiment. This has added to optimism on a price rebound ahead.
Also Read: German Govt Moves 500 Bitcoin, Another BTC Dump Imminent?
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitcoin bears took control over bulls as investors panicked to sell BTC holdings amid Mt. Gox, US government and German government moves Bitcoin. BTC price has hit a low of $53,400, a fall to February levels. Bitcoin and Ethereum options expiry today to put further pressure on the crypto market as on-chain data indicate the real panic hasn’t started yet.
Bitcoin and Ethereum Set to Expire Today
The crypto market crash saw the global crypto market cap tumble by more than 13% in 48 hours, causing investors to over 250 billion.
Over 18,300 BTC options of notional value $1 billion are set to expire on Deribit, with a put-call ratio of 0.65. The max pain is at $61,500, sliding from $63,500 as Bitcoin remains under selling pressure. BTC price fell below $55k support and risks falling to $52k support if it fails to rebound.
Notably, the put/call ratio in the last 24 hours is 0.88 as put bets rose significantly in the crypto market crash. The 24-hour put volume is above 19,552 and the 24-hour call volume is near 22,088. Also, Historical Volatility and BTC Volatility Index (DVOL) witnessed a sharp 10% rise surge. This indicates options traders have turned highly bearish on Bitcoin.
Meanwhile, 163,170 ETH options of notional value $472 million are set to expire. The put-call ratio is 0.35 and the max pain price is $3,350, indicating massive losses for traders as ETH price fell below $2,890. In the last 24 hours, the put volume has increased to 98,643 and call volume remained higher at 126,788. The put-call ratio is 0.78.
$700 Million Liquidated From Crypto Market
According to a CryptoQuant verified on-chain analyst, the real panic hasn’t even started yet. He predicts it will start when orange bars appear on BTC Daily Realized Profit Loss Ratio 30DMA metric. “In the current situation, 47K doesn’t look as terrible as it did three weeks ago when we were at 70K,” he added.
The crypto market saw over $700 million in crypto liquidations, as per Coinglass data. Over 235k traders were liquidated, with the largest single liquidation order on crypto exchange Binance valued at $18.48 million as someone sold ETH.
The crypto market bleeds as over $600 million in long positions and $100 million in short positions were liquidated over the last 24 hours. Along with top altcoins, major liquidations were observed in PEPE, PEOPLE, ORDI, WLD, LTC, FIL, ADA, BCH, and others.
Beleaguered crypto exchange Mt. Gox has started $10 billion in BTC and BCH repayments, as per an official announcement on July 5. According to Arkham, Mt. Gox moved 47.229k BTC worth $2.97 billion today.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The largest meme cryptocurrency by market cap, Dogecoin, has birthed a tsunami of speculations across the global crypto landscape. Due to a ripple effect caused by the broader crypto market’s bearish movement today, the DOGE price has taken a substantial price fall in the past 24 hours.
Notably, a whale further dumped a staggering 400 million DOGE to Binance amid this fall, following which the DOGE price gradually lost its crucial support of $0.1. This has ignited immensely bearish market sentiments on the asset’s potential to offer gains ahead.
Whale Dumps $41M To Binance
In a post shared by the on-chain transaction tracker Whale Alert on X, it was brought to attention that 400 million DOGE, worth $41.08 million, was shifted to one of the globally leading CEXs, Binance, on July 5. This transfer was made by the Dogecoin whale address DU8gP.
Data by Blockchair showed that the whale address still held 379.80 million DOGE, valued at $36.59 million. Intriguingly, CoinGape Media reported the same address to have accumulated approximately 1 billion DOGE from Binance at the beginning of this year. It appears that the whale has strategically offloaded his holdings amid this year’s bull cycle.
Meanwhile, usual market sentiments have taken a paradigm bearish shift as the whale’s massive dump underscores a loss of confidence in the asset’s potential to offer gains in the near future. However, it’s worth mentioning that the address still holds considerable amounts of Dogecoin.
As in with the abovementioned transaction, the selling pressure encountered by DOGE appears to have caused a plunge below the $0.1 support.
Also Read: Labour Party Wins UK Election, What It Means For Crypto?
DOGE Price Dips
At press time, DOGE price crashed 16.20% to $0.09563. Its 24-hour lows and tops were $0.09379 and $0.1138, respectively.
Coinglass data illustrated a 14.88% decline in DOGE’s Futures OI to $503.97 million, aligning with the coin’s price fall. However, the derivative volume spiked 117.44% to $3.28 billion, fueling contrasting sentiments.
The RSI moved along 24, hinting that the asset is in an oversold territory. This could mean that a potential market recovery ahead could also see a possible DOGE price rebound. Nonetheless, current market sentiments remain bearish.
Also Read: Crypto Prices Today July 5: Bitcoin Tumbles To $53.6K Low, Altcoins Bleed
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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