The process of launching an Ethereum ETF may encounter delays, as highlighted by SEC Commissioner Gary Gensler during a CNBC interview.
Gensler also addressed cryptocurrency exchanges, pointing out that they engage in practices that would not be permitted on traditional exchanges such as the NYSE.
ETH$ETH
#EHTETF #Bullrunmarket

$BTC and $BNB each revisited their previous all-time highs and surpassed them, setting new records.
The question now is whether this upward momentum will carry ETH and $SOL to achieve new all-time highs as well. Once they do, it could signal the start of the #Bullrun2024.
#sol #ath #NewAllTimeHigh

According to analyst Willy Woo, if the price climbs to $72,000, it could lead to the liquidation of $800 million worth of leveraged short positions. This could pave the way for Bitcoin to reach $75,000 and potentially set a new record high. Woo elaborated that this domino effect of liquidations could propel Bitcoin's price past its previous peak of $73,740, which was achieved on March 14.
CoinGlass, a cryptocurrency analysis platform, corroborates Woo's hypothesis. Their data indicates that surpassing the $72,000 mark would trigger the liquidation of $800 million in short positions. Furthermore, breaching $72,500 would result in the liquidation of over $1.2 billion in leveraged short positions.
#BTC #BlackRock #altcoins #StartInvestingInCrypto #eth $BTC $ETH $BNB

Thailand SEC Approves Debut Spot Bitcoin 💰ETF.

As per reports from local media, Thailand's Securities and Exchange Commission has granted approval for the country's first-ever spot Bitcoin ETF.
#bitcoin #etf #thailand $BTC

In this current bullish market, Ethereum is poised to climb to $6000-$10,000, while Bitcoin is forecasted to reach $100,000. There's substantial accumulation of ETH and BTC by whales, with a focus on Bitcoin and Ethereum ETFs.
#bitcoin #etf #eth #bullrun $BTC $ETH

Don't be shy, BONK! We need a moonshot! Let's go!
#Bonk #BONK🔥🔥

Bitcoin's price surges to $70,000, signaling a significant milestone in its upward trajectory! 🚀💥
#MarketSentimentToday #btc #bitcoin #BullRunAhead #BULLRUN24 $BTC

The Bitcoin dominance is declining within the rising wedge pattern, indicating potential bullish momentum for altcoins! 📈
#btc #bitcoin
$BTC

1. The Hong Kong spot Bitcoin ETF saw an inflow of approximately $31 million yesterday.
2. There was a net inflow of $14 million into BITB$BITB yesterday.
3. Consideration is being given by the US Wisconsin Pension Plan to increase its investment in spot BTC$BTC ETFs.
4. The central bank of Qatar has commenced a CBDC project.
5. May data reveals the creation of nearly 500,000 tokens on the Solana blockchain.
#btc #etf

In its monthly update, #Bitfarms disclosed earning 156 #BTC in May, marking a 42% decrease from the previous month and a 66% drop year over year.

Of the total earned, 136 BTC were sold, resulting in proceeds of $8.9 million (down from $16.1 million in April), as part of the company’s routine treasury management.

The average of 24.5 BTC per EH/s saw a 45% decline in May, attributed to the transition to "post-halving economics."

Bitfarms recently made waves by turning down a nearly $1 billion acquisition proposal from #Riot Platforms.
#btc #bitcoin #Bitfarms

The $3730 support level for ETH$ETH remains intact. Nonetheless, a daily close below it would raise some concern for me.
Typically, such a breakdown indicates unfavorable market conditions.
#eth #etherreum

Recently, a savvy whale withdrew 7,000 $ETH ($26.7M) from #Binance, boosting their current holdings to 36,785 $ETH ($140M).
Their profit on $ETH now stands at approximately $76M!
#eth #ether

Yesterday, the total ETF flows amounted to $105.1 million, with Fidelity leading at $77 million, Bitwise at $14.3 million, and Ark at $10.7 million. Neither Blackrock nor $GBTC experienced any change in their positions.

#Bitcoin #BitcoinETH

🌟 Have you failed to catch wind of standout SOL endeavors like PEPE, WIF, HONK, and MAGA? Then brace yourself for the grand debut of the DollarMoon initiative in Sol. Expect an exponential surge accompanied by a sturdy chart. June is poised to be an exceedingly bullish month for DMOON$DMOON. Enthusiasts are already eagerly tracking its trajectory.
#dmoon #sol #solana

Iggy Azalea's MOTHER token, built on the Solana blockchain, experienced a surge in value following its integration with the Mad Lads NFT collection. Initially reaching a high of $0.08952 and a market cap of $88.7 million, the token's price saw a significant increase. Despite a subsequent drop in price on June 2, it rebounded the next day, nearing its previous peak. Currently, MOTHER's price stands above $0.07369, marking a 24-hour increase of 56.10% and a market cap exceeding $72 million.

#mother #mothercoin #iggyazalea #sol #solana $SOL

Bloomberg analyst Eric Balchunas clarified that Monochrome's Bitcoin ETF is not Australia's inaugural spot BTC ETF. He noted that Global X and 21Shares have had a spot Bitcoin ETF trading on CBOE for two years, with $72 million in assets. Additionally, VanEck is awaiting approval to launch its own Bitcoin ETF on the Australian Securities Exchange (ASX), which would be the first on that exchange.
#btc #bitcoin #etf #btcetf

$BTC BTC needs to be cautious of significant liquidation risks; remember to always set stop losses.
#btc #bitcoin #stoplosses #StopLossStrategies

Didn't catch up with the news during your work hours? Here are today's top 5 highlights:
🔸BTC transaction value reaches a yearly peak of $25B.
🔹@MicroStrategy and Michael Saylor resolve a tax case, paying $40M.
🔸Hackers utilize a Chrome plugin to pilfer millions from Binance accounts.
🔹Roaring Kitty's GameStop profits skyrocket to $300M, nearing billionaire status.
🔸BTC confronts significant resistance as a trader identifies a $100K price 'magnet.'
#btc #bitcoin

Grayscale's report underscores the prevailing bullish sentiment in the cryptocurrency market, pointing to factors like the continual inflow of funds from the U.S. BTC spot ETF, bipartisan endeavors in Congress for industry regulation, and the expanding Ethereum ecosystem. The report forecasts the maintenance of this upward trend given favorable macroeconomic conditions. However, it cautions that positive aspects are already factored into prices and highlights the potential repercussions of adverse news regarding economic outlook, Federal Reserve policies, and the presidential election on market dynamics.
#Bitcoinworld🌐🪙 #btc #grayscale $BTC

DL News has gathered opinions from experts in the field regarding the potential impact of ETF approval on Ethereum's price:
- Mike Novogratz, CEO of Galaxy Digital, foresees a notable price surge for Ethereum, attributing it to changes in the political landscape and the SEC's evolving stance on Ethereum ETFs.
- David Brickell, the head of global distribution at FRNT Financial, anticipates both Bitcoin and Ethereum to achieve record highs by the end of June, surpassing $80,000 and $5,000, respectively. Contributing factors include the potential approval of the Ethereum Spot ETF 19b-4, a positive U.S. economic outlook, and favorable cryptocurrency regulations.
- Lennix Lai, Head of Financial Markets at OKX, predicts that the Ethereum spot ETF will attract new demand from institutional investors, estimating an inflow of $500 million within the first week of its launch.
These viewpoints collectively suggest a bullish sentiment towards Ethereum's price, with expectations of significant growth post-ETF approval.
#eth #ETHETFsApproved #ETH🔥🔥🔥🔥 $ETH