⚡️Hong Kong may approve spot #bitcoin-ETF as early as April 15

In addition, the local SEC has updated the list of applicant companies to 18.

Hong Kong Stock Exchange will need another two weeks to prepare the listing after approval.

#News #ETF

🟡#Analytics #Bitcoin

Trading for the BTC/USDT coin continues within a downward channel, and at the moment the #BTC price has halted its decline at the lower boundary of the medium-term range.

Support is located within the range of 60 900 - 62 250 levels, which the BTC price has tested for the second time.

📈The nearest resistance is the zone of 63 850 - 65 100. If the BTC price breaks and consolidates above the 65 100 resistance, a change in trend to upward can be considered, with the nearest potential to reach the range of 67 950 - 71 150.

📉Another test and further breakthrough of the support level at 60 900 will continue the downward trend.

the provided information is not a trading recommendation.

🚀 The results of the cryptocurrency market for the first quarter of 2024 are in

The total market capitalization increased by 64.5%

#Bitcoin set a new all-time high at $73,737

Solana and Maker grew by 100% and 132% respectively

#Ethereum increased by 60% due to reduced fees and restaking

The market capitalization of the top 10 meme coins on #Solana reached $9.36 billion

📆 Exactly 13 years ago, Satoshi Nakamoto wrote his last letter and then disappeared forever

Satoshi wrote that it was time for him to leave #bitcoin and move on to other things, and the letter itself was intended for Mike Hearn.

The identity of the creator of #BTC is still unknown, which likely contributed to the popularity of digital gold 🪙

📣 #Opinion

Writer and entrepreneur Robert Kiyosaki has warned of the collapse of the dollar if BRICS countries launch their own cryptocurrency.

📉 Robert believes that if the BRICS economic bloc launches an intergovernmental stablecoin pegged to gold, trillions of US dollars will flow back into America, causing hyperinflation in the country.

The writer recommended buying gold, silver, and #bitcoin to protect oneself from the impending disaster. And we'll remind you that the idea of creating an intergovernmental BRICS cryptocurrency emerged as early as 2019.

In March, it became known that countries are already ready to create a new payment system, so stock up on bitcoins, rubles, yuan, and rupees 💸💸💸

And of course, #KICK 😉

⚡️Venezuela has experienced a complete collapse of its fiat currency

The local bolivar has depreciated to the extent that people are throwing money bags away with the trash.

In light of this, a question to the community: what is the best way to protect against inflation?

🏆 — #Gold
❤️ — #Bitcoin
🤔 — #Stablecoins
🌚 — #Stocks
🐳 — #Bank deposit
🌭 — #KICK

We await your opinion with arguments 🧐

⚡️ #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

🔷 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