#BTC_Update
liquidation heatmap (24 hour)
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#AxelAdlerJr
In the past 17 days, average demand from retail players (<$10K) for buying BTC has dropped by 31%. First it was GameStop, now it's the Ethereum ETF.
In absolute numbers, that's $93 million.
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BOOM!! APPROVED! There it is. The SEC just approved spot #Ethereum ETFs. What a turn of events. It's really happening.
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No the $ETH ETF decision by the SEC is not delayed until later tonight
There are no sources to confirm that, we are still waiting on the news…
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🇺🇸The SEC has delayed its decision on Ethereum Spot ETFs.
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#Bitcoin ETFs reversed a four-week outflow trend, bringing in over 💵 $1.23B in the last two weeks, according to Checkonchain.
"This may well be ground zero for that second wave of demand."
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💡💡💡
🇺🇸 US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC).
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Ethereum ETF issuers given deadlines up to this morning for final 19b-4 forms but trading not expected for weeks — link
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In March 2023, the RMB flipped the USD as the primary currency for 🇨🇳 China’s cross-border trade settlement 👀
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#BABYDOGE
#BONK
#SATS
$FLOKI
$SHIB
$DOGE
$MEME
$PEPE
All Coin Signals Here Soon 👇👇
/channel/+QGcWXTYNmK1hZjc0
#Sponsored_Ad #DYOR
Nvidia, $NVDA, is now larger than:
1. GDP of every country in the world except 7
2. GDP of Spain and Saudi Arabia COMBINED
3. 4x the market cap of Tesla
4. 7x the market cap of Costco
5. The market cap of Walmart and Amazon COMBINED
6. Russia's entire GDP plus $300 billion in cash
7. 9x the market cap of AMD
8. GDP of every US state except California and Texas
9. 17x the market cap of Goldman Sachs
10. The entire German stock market
In its premarket move alone today, $NVDA has added $170 billion in market cap.
That's ~$35 billion MORE than the entire value of Intel, $INTC.
Meanwhile, Nvidia is now just ~17% away from surpassing Apple as the 2nd largest company in the world.
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Looks like Coinbase spot started nibbling on BTC
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✨ Exactly 7 years ago today, big exchanges and miners tried to force a #Bitcoin hard fork.
They failed 👏
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➬ Trump and Biden are fighting for the #crypto votes.
➬ Banks and countries are buying #Bitcoin.
➬ ETFs are Buying #BTC at a rate 3x higher than the daily issuance.
➬ The #EthereumETF is on the table.
➬ A pro-crypto bill passed the US House; Nancy Pelosi voted in favor of it!
Stay patient. This is just the beginning🤞
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2024 has been a landmark year for crypto! 🚀
✅ #Bitcoin Spot ETF approved
✅ #Ethereum Spot ETF approved
✅ Major crypto bill passed
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On May 23, the Bitcoin spot ETF had a total net inflow of $108 million, nine consecutive days of inflows, Grayscale ETF GBTC had an outflow of $13.7209 million, BlackRock ETF IBIT had an inflow of $88.9516 million, and Fidelity ETF FBTC had an inflow of $19.1224 million.
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None of you have any idea what’s going on with the ETH ETF, including me. Maybe be patient?🤔👀
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The SEC has delayed its decision on Ethereum Spot ETFs for 6 hours.
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Current situation:
1. Stocks are falling like Fed rate cuts are cancelled
2. Oil prices are falling like we are entering a recession
3. Gold prices are falling like rate hikes are coming
4. Bonds are falling like inflation is back on the rise
5. #Bitcoin is falling like risk appetite has disappeared
6. Natural gas prices are falling like demand is decreasing
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#V_Castro
💰 #etc/usdt
Cup & Handle is fully formed👀
Send it📈
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- 937 Financial institutions bought #Bitcoin through the ETFs during Q1 2024
- BlackRock’s #Bitcoin ETF is the most bought ETF of all ETFs launched at the beginning of 2024
- Trump embraces #crypto
- A state pension bought $BTC
- JPMorgan, BNP Paribas,… bought $BTC
- BNY Mellon, America's oldest bank, reported exposure to #Bitcoin ETFs
- Morgan Stanley about to allow its 15,000 brokers to recommend #Bitcoin ETFs to their clients
- Australia about to approve #Bitcoin ETF
- London Stock Exchange is listing $BTC ETNs
- South Korea is allowing $BTC ETFs
- Supply on exchanges at record lows
- OTC desks running dry
- Most successful ETF launch in history
- FASB accounting rules at the end of the year
- Governments debasing the currency
Meanwhile #Bitcoin price is chopping around its previous cycle high
The bullmarket has not started yet
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U.S. SEC Chair Gary Gensler declined on Thursday to preview his agency's decision on ether (ETH) exchange traded funds (ETFs), though he advised observers to "stay tuned." "[The] DC Circuit took a different view, and we took that into consideration and pivoted," Gensler said on Thursday. — link
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ETH’s brief and sudden dip below $3800 was likely driven by MEV trading firm Symbolic Capital Partners. The institution sold 6,968 ETH in one minute, worth $27.38 million, with an average selling price of $3,930, according to #ai_9684xtpa. One of the transactions sold 3,497 ETH on the chain at once, and the bribe fee was as high as 90 ETH. — link
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A bipartisan group of House lawmakers (incl Majority Whip Tom Emmer and NJ Democrat Josh Gottheimer) have sent Gary Gensler a letter urging the SEC to approve spot Ether ETFs (and 'other' digital assets) bc it offers investors crypto access in regulated transparent safe format
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#CryptoYoddha
$ETH is flying right now! Look at the weekly candle
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#CryptoMichNL
The first #Altcoins to start doing well, would be which have been trending upwards already.
One of them is $NEAR, which faces a crucial resistance.
I expect a breakout to 25000 sats when the markets continue to show momentum.
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The Chinese state-run Global Times newspaper quoted an expert from the PLA Academy of Military Sciences, who said that the current exercises "destroyed the idea of the so-called forbidden waters imposed by the island of Taiwan."
According to the expert, the maneuvers take place both to the east of Taiwan and to the west, which demonstrates the capabilities of the Chinese army to strike in all directions.
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China 🇨🇳 launches military drills, completely surrounding Taiwan 🇹🇼
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