Now Morgan is the largest holder of GBTC after Susquehanna International Group, who invested $1 billion.
First banks criticize #BTC, and then they buy it
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On May 18, 2010, Laszlo Hanyecz made a famous offer, proposing 10,000 #BTC to anyone who would bring him a couple of pizzas. This day has since become known as #PizzaDay and has inspired countless memes.
Today, those pizzas would be worth over 670 million dollars, a sum beyond the wildest dreams of any sheikh
#CryptoNews
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#Opinion
🔷 Analyst Eric Balchunas from #Bloomberg believes that the #SEC decision on the #Ethereum #ETF can be expected around 23:00 (GMT+3)
In January, the approval for the launch of a #BTC ETF was published around the same time💰
In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.
So, #ETH to the moon?🚀
🔥 — yes
🌚 — no
In January, the approval for the launch of a #BTC ETF was published around the same time
In Eric's comments, there's some irony about whether we should expect a hack of the SEC account this time as well. Recall that a day before the official publication about the #bitcoin ETF, a message about the approval appeared on the SEC's page, causing a spike in the digital gold price. The SEC later stated that the account had been hacked.
So, #ETH to the moon?
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#Analysis #Bitcoin
🪙 The #BTC/#USDT price continues to consolidate near its all-time highs. Over the past week, the market received positive fundamental news regarding new #ETF instruments (this time for #Ethereum), which prompted traders to buy more actively.
As a result, since the beginning of May, the BTC price has been in a short-term upward trend after testing the lower boundary of the range.
📈 The range itself is formed between the support zone of 57 000 - 60 900 and the zone of resistance of 72 000 - 74 000. Recently, the #BTC price tested the first strong resistance level at 72 000. If buyer activity remains strong, a potential scenario to consider is the resumption of the bullish trend and further updating of highs with targets at the 80 000 level.
📉 An alternative scenario is possible if buying pressure is insufficient to break through the 72 000 - 74 000 resistance zone. In this case, it is likely that consolidation will continue, followed by a pullback to the lower boundary of this consolidation and a test of the support zone within the 57 000 - 60 900 range.
this is not a trading recommendation
As a result, since the beginning of May, the BTC price has been in a short-term upward trend after testing the lower boundary of the range.
this is not a trading recommendation
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#Analysis #Bitcoin
🪙 #BTC started moving towards its ATH with positive sentiment, but selling began at the first resistance level of 70 665.
📉 There is a trend level that also serves as a support level at the price of 67 380. If 67 380 is breached, the price may drop to 64 602, with short-term targets being 66 312 and 65 857.
📈 Optimistic sentiment may return to the market after the liquidation of long positions, which will occur if the support level at 64 602 is breached.
this is not a trading recommendation
this is not a trading recommendation
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#CryptoNews
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#Analytics #Bitcoin
🪙 #BTC/#USDT held its position above the support zone of $64,500-$67,700 and broke the short trend.
📈 If market participants maintain the price above $68,500, a good long setup with cascading levels up to $71,979 is forming.
An alternative scenario is further consolidation until news is released.
not a trading recommendation
An alternative scenario is further consolidation until news is released.
not a trading recommendation
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This inflow was the second largest since the launch of the ETF. The inflows have continued for 16 consecutive trading days, reaching $3.2 billion
Currently, U.S. spot #bitcoin ETFs hold coins worth more than $61 billion, which accounts for 4.43% of all existing bitcoins
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#Opinion #Analytics
🔼 According to experts from Bitfinex, the consolidation phase is over, and the market is preparing for a bull run
The company's analysts have concluded that the correction is completed, and investors have entered a phase of reaccumulating assets.
This is indicated by the increased inflow of money into #Bitcoin-#ETFs and the rise in accumulation addresses for #Bitcoin and #Ethereum.
Do you share the experts' opinion?🧐
The company's analysts have concluded that the correction is completed, and investors have entered a phase of reaccumulating assets.
This is indicated by the increased inflow of money into #Bitcoin-#ETFs and the rise in accumulation addresses for #Bitcoin and #Ethereum.
Do you share the experts' opinion?
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#BTC shows a growth of +59.75% since the beginning of this year
Next are the indices and gold:
#Nasdaq +14.16%
#Gold +12.87%
S&P500 +11.57%
#CryptoNews
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