However, a SOL ETF might face several difficulties since there are no futures ETFs for SOL yet, and the #SEC has recognized #Solana as a security.
Meanwhile, #ETH has managed to break through $3,900
#CryptoNews
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#Analysis #Bitcoin
πͺ 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.
π 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.
π 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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#Opinion
π· The approval of spot #ETF on #ETH was a political decision
According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of themπ€
Meanwhile, experts expect an #Ethereum-ETF by the end of June.
According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of them
Meanwhile, experts expect an #Ethereum-ETF by the end of June.
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The cryptographer Nick Szabo was the first to propose a similar concept. However, he couldn't bring his idea to life because the technology at that time didn't allow for the implementation of smart contracts.
#FactOfTheDay
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#Opinion #Analytics
πΌ 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?π§
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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#Opinion
πͺ 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 β 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.
The author of financial bestsellers (not our opinion β 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.
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We are pleased to announce that KickEX has received a brokerage license from the state of El Salvador, thus significantly expanding the range of features on our platform. As an official #Bitcoin service provider, we can offer you even more valuable services.
Hereβs what the license enables:
This important achievement opens up great prospects for growth and innovation. Additionally, our team plans to obtain licenses for working with #Ethereum (#ETH), #Tether (#USDT), and other assets. Read more about this on our official blog and stay tuned for further updates!
Sincerely,
The KickEX Team
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Gary Gensler made this statement during a Congressional hearing, additionally noting that Ethereum ETFs will receive approval "sometime, but definitely before the end of the summer."
Amid the anticipated approval, whales are accumulating #Ethereum. For instance, analysts from CryptoQuant recorded a daily purchase of 298 000 ETH, which became the second largest in history
#CryptoNews
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The regulator no longer claims that #Ethereum is a security π₯³
Meanwhile, issuers of spot Ethereum #ETFs are correcting their application forms for resubmission. The updated applications may be submitted by the end of this week, and the listing of new instruments could happen in early July.
#CryptoNews
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Most of them are #memecoins on the #Solana and #Ethereum blockchains. Additionally, projects in the #TON ecosystem have been gaining popularity recently, further confirming the trend towards memes.
In this regard, we offer you a small tournament in the comments under the post:
Share in the comments the strangest/funniest/trashiest memecoins you know and write why you would invest in these projects
The best authors will receive proper respect and shoutouts from our community π«‘
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For #ETH/#USDT: 3362 is the lower consolidation zone and also a support level with a three-drive pattern. A good level where there may be many stop orders from market traders, which can lead to a good impulsive move.
- expect a small movement to the 3430-3450 zone, place limit orders for a short position, and wait for the 3362 level to be broken
- place pending orders for a short at the price of 3360; when the level is broken, the position will open short. Place limit orders in advance to fix the positions
This is not a trading recommendation
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