Welcome, Crypto enthusiasts!

Bitcoin is nearing the end of the consolidation phase as soon parabolic price action will be here.

In Today’s Blockstreet Journal:

• BTC Preps Parabolic Pricing

• PEPE May Crash Soon

• Market Rundown

• Top Gainers & Losers

• Airdrops & More News

Latest News

BITCOIN
🚀 Bitcoin Prepares To Go Parabolic 

Word On The Street: Bitcoin is beginning a new week by testing key resistance levels, as the May monthly close approaches. The crucial question is whether Bitcoin can surpass $69,000 by June.

The details:

• Over the weekend, Bitcoin experienced typical price fluctuations, briefly surpassing $69,000 before retracing after the weekly close.

• Bitcoin's weekly close, around $68,500, marked its strongest since the beginning of April.

• Some forecasts, like those from BitQuant, predict $95,000 in June and $150,000 by year-end.

Why it matters: As Bitcoin navigates these crucial resistance levels and market dynamics, it remains to be seen whether the bulls can sustain the momentum and achieve new heights in the coming weeks.

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PEPE MEMECOIN
🐸 PEPE Hits ATH But Risks Crash 

Word On The Street: Pepe price surged to an all-time high on May 27, driven by the recent approval of ETH exchange-traded fund filings in the U.S. This development has prompted traders to view Ethereum-based memecoins as high-risk, high-reward opportunities.

The details:

• PEPE rose by 7.60%, reaching a new high of $0.00001725. An impressive 88% increase since the SEC approved the ETH ETF.

• The uptrend in Pepe may be short-lived due to a growing divergence between its rising prices and falling daily relative strength index.

• The bearish technical outlook for PEPE is further supported by ongoing profit-taking activities among its wealthiest investors.

Why it matters: The growing divergence between PEPE's rising prices and falling RSI, along with profit-taking by wealthy investors, suggests that a significant price correction could be on the horizon.

Market Rundown

Fear & Greed Index

The global crypto market cap is $2.59T, a 0.92% increase over the last day.

The total crypto market volume over the last 24 hours is $72.92B, which makes a 41.30% increase. The total volume in DeFi is currently $6.22B, 8.52% of the total crypto market 24-hour volume. The volume of all stable coins is now $66.33B, which is 90.96% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.48%, a decrease of 0.49% over the day.

Global Market Metrics

As of today, the current state of the cryptocurrency market is as follows:

- Total Market Capitalization: $2,598,825,840,635.32

- 24-Hour Trading Volume: $72,922,765,500.75

- Bitcoin Dominance: 52.48%

- Ethereum Dominance: 18.19%

- Active Cryptocurrencies: 10,062

- DeFi Market Capitalization: $96,032,184,666.03

- 24-Hour DeFi Trading Volume: $6,224,059,554.90

- Stablecoin Market Capitalization: $155,144,555,455.71

- 24-Hour Stablecoin Trading Volume: $66,336,672,187.50

- 24-Hour Derivatives Trading Volume: $550,924,771,903.10

Top Gainers & Losers

🚀 Top Gainers

 💩 Top Losers

Airdrops & More News

DAILY AIRDROP
📦️ Cryptopia Game Airdrop

Cryptopia is airdropping 25,000,000 TOS tokens to airdrop participants. Complete easy social tasks, participate in missions, accomplish milestones, and invite your friends to earn free power points. Maximize your points by completing more tasks to increase your share of the TOS tokens.

Step-by-Step Guide:

1. Visit the Cryptopia airdrop page and sign up for the airdrop.

2. Once you have verified your email and logged in successfully, begin the airdrop by choosing your path in the game.

3. There are three paths, including Cryptopia, Pirates and Bounty Hunters to choose from. Once that is done, choose one of the four sides shown on the airdrop page.

4. Authenticate your Discord account, join the channel, and complete verification.

5. Connect your wallet and switch to Polygon network.

6. Earn free power points by completing various tasks, including X tasks, achieving special roles in the Cryptopia Discord, creating an account in the actual game, going to a location in-game, and crafting an item in-game.

7. You can also multiply your power points by owing frontier ships. Multiply your power points from +50% to +250%, depending on the rarity of your ship.

8. Reach different milestones and stand a chance to unlock reward multiplier upgrades.

9. You can also earn 100 power points by inviting your friends. Additionally, every indirect referral earns you more power points.

10. Cryptopia has released their first public preview version of the game. Check out the game for Windows and Mac here.

Other News

Worldcoin faces bans worldwide amid increasing privacy fears. Regulators across the world are banning Worldcoin, which collects biometric data for a small payment of its native cryptocurrency.

Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a 'Copy-Paste' Job. Attackers exploited a tax function in the token’s code that allowed them to issue more tokens and completely drain liquidity pools.

Trader nets $2.7M profit in 3 days with Trump-themed MAGA memecoin. The MAGA memecoin has seen drastic price rallies following pro-crypto comments from Republican presidential candidate Donald Trump.

Ethereum Meme Coins PEPE, MOG Hit Lifetime Highs on Ether ETF Filing Approvals. Ether surged more than bitcoin over the weekend on renewed optimism for the second-largest cryptocurrency.

🫡 Thanks For Reading

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