📌 Analysts at #Bernstein believe that the current flat price of Bitcoin is advantageous for public miners

#Opinion KickEX:

It's a typical situation where large market participants eliminate competitors by absorbing groups of smaller participants.

Bitcoin's blockchain is a flexible and well-thought-out self-regulating system where rewards are redistributed among all participants. Considering that the reward for mined blocks decreased after the halving, many small miners find it difficult to continue their activities at the new reward level.

Large miners have a large reserve of resources to comfortably navigate this stage. However, small miners are forced to sell their #BTC to cover expenses, but often this is not enough.

Hence, pressure on the BTC price arises.

⚡️ #BTC responds to the publication of inflation data in the USA

For April, it stood at 3,4%, in line with forecasts; the previous figure was 3,5%.

Against this backdrop, #Bitcoin has risen to $64 000 and continues to climb 💃

💪 #BTC has once again outperformed #gold, this time in terms of #ETF

By the end of the first quarter of this year, 937 professional firms invested in American spot #Bitcoin ETFs, while only 95 invested in gold.

❤️ — if you don't know what "professional firms" are and need a #dictionary

💸 #MorganStanley invested $269.9 million in Grayscale's spot #Bitcoin #ETF in the first quarter

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 🧠

🍕 The legendary #Bitcoin pizzas turn 14 years old today

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

#Opinion

🪙 Renowned trader known as #PlanB believes that this is the last chance to buy #BTC for under $70,000

The trader gained fame for creating the Stock-to-Flow model, which allows predicting Bitcoin's price based on its supply and inflation.

☄️ London Court: Craig Wright is Not Satoshi Nakamoto

Today, the decision of the High Court of London was published regarding the case that began in February. Since 2016, Craig Wright has claimed to be Satoshi and has made various attempts to claim intellectual property rights to the #BTC code.

However, the judge has now officially declared the evidence presented by Wright as falsified and his claim to be Satoshi Nakamoto as false 🥳

A great reason to revisit our investigation into the identity of Satoshi, for those who haven't read it yet 👀

😇 Part 1
😈 Part 2

🪙 #BTC is increasingly becoming an asset for savings rather than speculation

So, who has already put their entire pension into Bitcoin?

It's better to invest in #KICK 🧠

#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

#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

#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

🪙 Whale #Bitcoin addresses are currently at their highest activity level in the history of #BTC.

#CryptoNews

#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

⚡️ A significant capital inflow of $886.8 million into spot #BTC #ETFs occurred yesterday

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 🪙

🪙 #Bitcoin is leading in asset returns

#BTC shows a growth of +59.75% since the beginning of this year

🪙 In second place is silver with +24.8%

Next are the indices and gold:

#Nasdaq +14.16%
#Gold +12.87%
S&P500 +11.57%

#CryptoNews

#Opinion

🪙 Robert Kiyosaki now expects #Bitcoin to reach $350,000 by the end of August. Previously, his forecast was $125,000 by the end of the year.

The author of financial bestsellers (not our opinion — aggregator sites consider it so) stated that he continues to buy #BTC, #Ethereum, and #Solana because he is fully confident in their further growth.

In addition, Robert called the current President of the United States, Joe Biden, incompetent in the matter of cryptocurrencies and urged adding #gold and #silver to one's investment portfolio.

🪙 Capital inflows into spot #BTC ETFs have lasted a record 18 consecutive trading days

The most funds, $350 million specifically, have flowed into the #IBIT fund, which belongs to #BlackRock. Currently, their balance is valued at more than 300,000 #BTC.

BlackRock has bought all the businesses, and now they want to buy all the bitcoins 🗿

#CryptoNews

#WordOfTheDay

#Litecoin — how to spell this word in Morse code?

To be honest, we don't know, and why would you need this — we are not living in a post-apocalyptic world yet where only analog communication works 🤷‍♂️

But we do know an interesting fact about #Litecoin:

The coin was created by former #Google engineer Charlie Lee, and it was launched on October 13, 2011 as an alternative to #Bitcoin.
In a world where digital gold emerged, Lee aimed to create a digital analogue of silver — a lighter and faster version of the first cryptocurrency, which was #BTC.
Litecoin was based on the original Bitcoin code with some modifications. For instance, changes were made to the hashing algorithm, and the block generation speed was increased.
Today, Litecoin continues to develop and is supported by a community of developers, but the coin has lost its position to more promising blockchains.

🔼 Demand for #BTC is eight times higher than the mining rate by miners

The rate of investment in #Bitcoin by US exchange-traded funds is eight times the volume of new coins being mined. Last week, inflows into spot Bitcoin #ETFs amounted to $1.8 billion (equivalent to 25,729 BTC). During the same period, only 3,150 coins were mined.

#CryptoNews