Elon Musk Takes Aim at Two-Party System With New ‘America Party’

Monicah W

Elon Musk has announced the formation of a new political party. It will be called the “America Party.” He made the announcement on Twitter. His decision came after a Twitter poll showed strong support. Musk Slams US Politics as Broken, Launches New Party for Real Change In the X post, Elon Musk said the poll

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WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun?

Memecoin Frenzy! Dogcoin (DCOIN) Explodes 500% on Ethereum - Here's Why

The post WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun? appeared first on Coinpedia Fintech News

The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin mania appears to be imminent before a potential AltSeason. 

dogwifhat (WIF) Price Aims for 80% Recovery

  • The weekly chart of WIF price suggests the memecoin has begun with a recovery after undergoing a correction 
  • The price dropped below the neckline of the double-top pattern after facing a rejection, a couple of times from the ATH
  • The RSI has triggered a bullish divergence, which suggests the price is in between a strong recovery 
  • However, the weekly Gaussian channel has turned bearish which raises concerns over the next price action
  • Therefore, the WIF price is required to secure $0.8 before the weekend which may invalidate bearish trajectory and a potential push towards $1

FLOKI Price Could Reach $0.0001 

  • The FLOKI price has risen above the bearish captivity as the recent rise has helped the token to break the bearish pattern
  • After breaking above the resistance of the descending parallel channel, the FLOKI price maintained a strong upswing and rose above the pivotal range at $0.00006858
  • As the volume rises, the CMF also surged above 0 with a steep increase to 0.12, indicating a massive rise in the money flow
  • However, the token is yet to validate a breakout that could happen once the price closes and begins the fresh day’s trade above $0.00007
  • Once done, the FLOKI price is believed to squash a zero from its’  value and reach the pivotal range at around $0.00011. 

Bonk Price at a Decisive Phase-May Trigger a 25% Rise

  • The BONK price has reached the neckline of the double bottom pattern and is experiencing a notable pullback
  • The RSI has maintained an incremental approach, which suggests the rising strength of the bulls 
  • On the other hand, the Ichimoku cloud has just turned bullish as the price has risen above the cloud, and hence the cloud could act as a strong support
  • Hence, if the BONK price sustains within the range, a breakout could push the price towards the resistance just below $0.00002, which is weak, resulting in a pullback
  • Therefore, the BONK price is believed to maintain a consolidated ascending trend and rise above the resistance to enter the range between $0.000025 and $0.000026

The post WIF, BONK & FLOKI Prices Attract Massive Gains—Has the Memecoin Mania Begun? appeared first on Coinpedia Fintech News
The memecoins have begun to rise as Bitcoin displays massive stability after the recent upswing. The bears failed to drag the levels lower, which suggests the markets could have probably risen despite the bearish influence. As a result, prices of dogwifhat (WIF), FLOKI & Bonk have managed to attract massive gains. Here’s why a memecoin …

Over $2 Billion Bitcoin and Ethereum Options Expire After FOMC and Digital Asset Summit

After the FOMC (Federal Open Market Committee) minutes and the digital asset summit on Wednesday and Thursday, respectively, approximately $2.09 billion in Bitcoin (BTC) and Ethereum (ETH) options expire today.

The expiration may influence market conditions, with investors monitoring potential shifts.

Over $2 Billion in Options Expiry Today

According to Deribit, $1.826 billion in Bitcoin options expire today. The maximum pain point of these contracts stands at $85,000.

Expiring Bitcoin Options
Expiring Bitcoin Options. Source: Deribit

These options include 21,596 contracts, slightly fewer than last week’s 35,176. Despite recent volatility, the put-to-call ratio of 0.83 indicates a general bullish sentiment.

Ethereum has $264.46 million in options expiring, involving 133,447 contracts. This figure is also lower than the previous week’s 223,395 contracts. The maximum pain point for these options is $2,000, and the put-to-call ratio is 0.62.

Expiring Ethereum Options
Expiring Ethereum Options. Source: Deribit

As the options contracts near expiration at 8:00 UTC today, Bitcoin and Ethereum prices are expected to approach their respective maximum pain points. According to BeInCrypto data, BTC traded for $84,414, whereas ETH exchanged hands for $1,977.

This suggests a modest upside for Bitcoin and Ethereum towards the $85,000 and $2,000 strike prices, respectively. This surge is plausible given smart money’s Strategy in options trading, pushing prices toward the “max pain” level. Here, the highest number of contracts, both calls and puts, expire worthless.

“Will we see a volatility squeeze or a slow unwind?” Deribit posed in a post on X (Twitter).

Based on Bitcoin and Ethereum’s put-to-call ratios, both below 1, call options (purchases) have a higher prevalence than put options (sales).

Market Sentiment Ahead of Today’s Options Expiry

Analysts from crypto options trading tool Greeks.live provided insights on the current market sentiment, highlighting a divided trader community. On the one hand, some expect a price drop after the FOMC meeting, as policymakers rejected further interest rate cuts, effectively disappointing the crypto market.

On the other hand, some anticipate a temporary rise before choppy conditions. With this, the analysts note the range between $83,000 and $85,000 as the area of interest, with expected volatility around President Trump-related developments and potential MicroStrategy (now Strategy) purchases.

“Expect chop and drift lower before heading higher again on Monday, despite the current pump not being viewed as sustainable,” Greeks.live analysts observed.

Elsewhere, BeInCrypto reported that Bitget exchange CEO Gracy Chen is confident BTC will hold above the $73,000 to $78,000 range, paving the way for a potential rally to $200,000. She attaches her optimism to the US strategic Bitcoin reserve’s potential to drive institutional legitimacy and long-term price stability.

Even as Bitget’s Chen remains optimistic, traders and investors should brace for short-term volatility. Historically, options expirations tend to cause temporary price movements. However, the market usually stabilizes shortly after.

This calls for vigilance and analysis of technical indicators and market sentiment to manage potential volatility effectively.

The post Over $2 Billion Bitcoin and Ethereum Options Expire After FOMC and Digital Asset Summit appeared first on BeInCrypto.

Crypto Market Rally: Bitcoin and Altcoins Follow Global M2 Before US CPI

Crypto market has staged a strong upside today with Bitcoin (BTC) price shooting 4% to $109,500 levels, and preparing for new all-time highs and price discovery soon. Latest data shows that BTC has been closely following the M2 Money supply, and its next stop could be to $125,000. Altcoins, too, have joined the party as

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