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Daily Crypto Deep Dive with BingX: May 29th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 1-day chart for Bitcoin (BTC) against USDT, as of May 29, 2025, shows the real-time price at $108,460. The candlestick pattern over the past month indicates a sustained upward trend, with the price rising steadily from early May. The chart includes two moving averages: the 9-period MA at $108,846.7 and the 5-period SMA also at $108,846.7, both trending upward, reflecting a positive short-term trend. However, the latest candlestick shows a slight decline, with the price dipping below these moving averages, suggesting a potential pause in the upward momentum. At the current price of $108,460, Bitcoin is trading below the recent high of $108,499.0 seen earlier on May 29. The price has fallen beneath the 9-period MA and 5-period SMA at $108,846.7, which may now act as a resistance level in the near term. The small green candlestick at the end of the chart indicates a modest recovery
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Daily Crypto Deep Dive with BingX: May 28th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 1-day chart for Bitcoin (BTC) against USDT, as of May 28, 2025, shows the real-time price at $108,637. The candlestick pattern over the past month reveals an overall upward trend, with the price climbing steadily from early May. The chart includes two moving averages: the 9-period MA at $108,756.4 and a 5-period SMA also at $108,756.4, both of which are sloping upward, indicating a positive trend in the short term. However, the most recent candlestick shows a slight decline, bringing the price below these moving averages, which may suggest a potential shift in momentum. At the current price of $108,637, Bitcoin is trading just below the recent high of $108,883.0, as seen earlier on May 28. The price appears to be testing the support provided by the 9-period MA and 5-period SMA, both at $108,756.4. A small red candlestick at the end of the chart indicates selling pressure, and th
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From Mar-a-Lago to the Metaverse: Trump’s Growing Ties to Crypto

In a surprising turn of events, former President Donald Trump has shifted his stance on cryptocurrencies. Once a vocal critic, Trump now positions himself as a proponent of digital assets, aiming to make the United States the “crypto capital of the world.” This transformation is evident in his recent initiatives and public engagements Trump Media & Technology Group (TMTG), the company behind Truth Social, plans to raise $3 billion to invest in cryptocurrencies, including Bitcoin. This move signifies a significant commitment to the digital asset space and aligns with Trump’s broader vision for America’s role in the crypto industry. The TRUMP Coin: A Political Meme or Market Mover? The introduction of the TRUMP memecoin has added a new dimension to Trump’s crypto involvement. Marketed as a politically themed token, $TRUMP has experienced significant volatility, with prices fluctuating based on political events and sentiments. While some investors see potential in its association with
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Week #22: Cryptocurrencies with Recent Developments to Watch This Week

The cryptocurrency market has shown a mix of consolidation and growth this week, with select altcoins outperforming amid broader market stability. Investor sentiment remains cautiously optimistic, bolstered by institutional interest and strategic ecosystem developments. Notably, advancements in DeFi, ETF filings, and cross-chain integrations have spotlighted several projects. Jupiter (JUP): Gains Momentum on DeFi Expansion Plans JUP is currently trading at $0.6294, reflecting a 26.95% increase over the past week. The price surge follows the announcement of Jupiter Lend, a decentralized lending protocol set to launch this summer, which is poised to significantly enhance DeFi offerings on the Solana blockchain. Jupiter’s forward-looking roadmap positions it well for increased user engagement and liquidity inflows. If Jupiter Lend succeeds, it could further entrench JUP as a foundational token within Solana’s DeFi space. NEAR Protocol (NEAR): ETF Filing and Ecosystem Growth Drive Optimism
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Crypto Payments – A New Norm for the UAE Market

The United Arab Emirates (UAE) is solidifying its status as a global leader in cryptocurrency adoption, with crypto payments fast becoming a mainstream reality. Boasting a crypto ownership rate of 25.3%, the highest worldwide, per Triple-A’s 2024 report, the UAE is seamlessly integrating digital assets into daily life, from government services to retail. Recent advancements in artificial intelligence (AI) are accelerating this transformation, aligning with the UAE’s tech-forward vision and setting a benchmark for innovation-driven economic growth. Crypto Payments for Government Services In May 2025, Dubai’s Department of Finance (DOF) launched an initiative to accept cryptocurrency payments for government services, such as visa fees, licensing, and utilities, through the Dubai Pay platform. Announced at the Dubai FinTech Summit, this move supports Dubai’s Cashless Strategy, aiming for 90% cashless transactions by 2026. The DOF projects an annual economic impact of AED 8 billion ($2.2 b
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Daily Crypto Deep Dive with BingX: May 23rd, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $110,885, up 5.68% from the recent level of $104,900 on May 20, after a strong rally past the $105,000 resistance. The price has set a new high, well above the 30-period moving average at $95,789.2 and the 60-period moving average at $89,456.1, confirming robust bullish momentum. The candlestick patterns show a series of large bullish candles with increasing volume, reflecting intense buying pressure. The RSI on the 4-hour chart is at 82.34, deep in overbought territory, while the MACD remains strongly bullish, though the extreme RSI suggests a potential short-term pullback. On the 1-day chart, Bitcoin’s broader trend is overwhelmingly bullish, with the price soaring from $58,846 in late 2024 to the current $110,885, solidifying its position above $100,000. The daily chart shows the price extending far beyond the upper boundary of a long-term ascend
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Long Swing Open Strategies: How to Spot and Ride Multi-Day Trends in Futures

Ever felt like the crypto market is a rollercoaster you can’t get off? While some traders chase every twist and turn, others have discovered a more strategic ride: swing trading. This approach doesn’t require constant screen-watching but still offers the thrill of the market’s ups and downs. So, how do savvy traders harness these multi-day trends in futures? Let’s dive in and uncover the secrets. The Art of Timing Swing trading is all about capturing the market’s short to medium-term movements. Instead of holding assets for months or flipping them within minutes, swing traders aim to ride the waves that last days or weeks. This strategy relies heavily on technical analysis—identifying trends, support and resistance levels, and using indicators like RSI and MACD. One of the beauties of swing trading is its flexibility. Traders can profit from both upward and downward movements, making it adaptable to various market conditions. However, it’s not a set-it-and-forget-it approach. Successfu
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Daily Crypto Deep Dive with BingX: May 20th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $103,133, down 0.51% from the recent level of $103,665 on May 16, after failing to break the resistance at $104,129. The price is currently testing support near $102,169, with the 30-period moving average at $93,456.2 and the 60-period moving average at $88,234.5 providing additional support below. The candlestick patterns show a mix of bullish and bearish action, with a recent bearish candle indicating profit-taking, accompanied by a slight decrease in volume. The RSI on the 4-hour chart is at 65.78, cooling from near-overbought levels, while the MACD remains bullish but with narrowing lines, suggesting a potential slowdown in upward momentum. On the 1-day chart, Bitcoin’s broader trend continues to be bullish, with the price having rallied from $58,846 in late 2024 to the current $103,133, holding above the $100,000 milestone. The daily chart show
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Riding the Wave: A Beginner’s Guide to Using 1.5x–2x Leverage in Futures Trading

Ever felt like you’re paddling in the kiddie pool while others are surfing the big waves of crypto gains? What if you could catch a wave without the risk of a wipeout? Welcome to the world of 1.5x–2x leverage in futures trading—a strategy that lets you amplify your potential profits without needing a lifeguard on standby. It’s like adding a turbo boost to your trades, but with training wheels still attached. Low Leverage, High Interest In the ever-evolving crypto landscape, traders are increasingly gravitating towards low-leverage options. Most advocate for using 1.5x to 2x leverage to mitigate risks associated with market volatility. This approach allows traders to capitalize on market movements while maintaining a safety net against significant losses. Recent discussions emphasize the importance of setting stop-loss orders and take-profit targets to manage risk effectively. For instance, placing a stop-loss at 5-10% below your entry point can help minimize potential losses, while set
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Crypto Adoption in 2024: UAE and Saudi Arabia Lead the Global Charge

The cryptocurrency landscape is evolving at an unprecedented pace, transforming from a niche market into a cornerstone of global finance. According to Triple’s A latest report, The State of Cryptocurrency Ownership Worldwide in 2024, global crypto ownership has soared to 562 million people, representing 6.8% of the world’s population. This marks a remarkable 34% increase from 420 million in 2023, underscoring the growing mainstream adoption of digital currencies. This rapid adoption is particularly notable in the United Arab Emirates and Saudi Arabia, where enthusiasm for cryptocurrency is surging. Triple A’s report highlights that 562 million individuals worldwide now own cryptocurrencies, a testament to the increasing accessibility and appeal of digital assets. This 34% year-over-year growth reflects a confluence of factors driving adoption, including regulatory clarity and macroeconomic pressures such as inflation and currency devaluation. The UAE leads globally wi
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Daily Crypto Deep Dive with BingX: May 19th, 2025

Join the Trading Community: Learn & Earn with BingX.    Source: TradingView & BingX   The 4-hour chart shows Bitcoin at $103,133, down 0.51% from the recent level of $103,665 on May 16, after failing to break the resistance at $104,129. The price is currently testing support near $102,169, with the 30-period moving average at $93,456.2 and the 60-period moving average at $88,234.5 providing additional support below. The candlestick patterns show a mix of bullish and bearish action, with a recent bearish candle indicating profit-taking, accompanied by a slight decrease in volume. The RSI on the 4-hour chart is at 65.78, cooling from near-overbought levels, while the MACD remains bullish but with narrowing lines, suggesting a potential slowdown in upward momentum. On the 1-day chart, Bitcoin’s broader trend continues to be bullish, with the price having rallied from $58,846 in late 2024 to the current $103,133, holding above the $100,000 milestone. The daily chart show
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Week #21: Cryptocurrencies to Watch This Week

The cryptocurrency market has shown mixed signals this week, marked by a slight pullback across major assets despite continued innovation in blockchain ecosystems. Ongoing institutional involvement and technological integrations remain central themes. In focus this week are four top 100 cryptocurrencies making headlines due to partnerships, protocol upgrades, and ecosystem expansion. Sui (SUI): Focused on Cross-Chain Growth Sui is currently trading at $3.71, having dropped 3.4% over the past week. This decline comes amid broader market softness, though Sui’s ecosystem continues to expand. Most notably, Sui announced its new integration with exchanges providing increased analytical insights and educational reach for users engaging with the Sui ecosystem. Additionally, Sui’s collaboration with Bitlayer to develop a BitVM bridge is a strong step toward Bitcoin interoperability, allowing Sui users to potentially access Bitcoin-native liquidity. While price action remains subdued, these dev
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