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Is Bitcoin Still In Bull Market?#Bitcoin price recently dropped below $60K again, and bears have started calling it the beginning of a bear market. Bitcoin is still in the bull market, but at its weakest since March 2023. Why is BTC dropping? 1. Stablecoin liquidity Stablecoin liquidity is still decreasing, and in order for BTC to start an upward trend, stablecoin liquidity needs to increase. 2. US investors (-ve) demand US investor demand for BTC has entered a negative area, and it needs to change for BTC to pump. Was $58.5K the bottom? There are few signs that $58.5K was the bottom. 1) Overall demand increasing Bitcoin demand has started to increase slowly, but it needs to rise even faster for BTC to pump. 2) Bitcoin Strong support. BTC has a strong support around the $56K level, which acted as a strong support in May. 3) Miners capitulation Miners capitulation has reached the December 2022 level, which was the cycle bottom for Bitcoin. IMO, #BTC is going through some corrections, but we're still in a bull market. Soon, BTC will start its upward trend and hit $100,000+ 🚀🚀 #US_Inflation_Easing_Alert #IntroToCopytrading #MtGoxJulyRepayments #BinanceTournament #Megadrop

Is Bitcoin Still In Bull Market?

#Bitcoin price recently dropped below $60K again, and bears have started calling it the beginning of a bear market.

Bitcoin is still in the bull market, but at its weakest since March 2023.

Why is BTC dropping?
1. Stablecoin liquidity

Stablecoin liquidity is still decreasing, and in order for BTC to start an upward trend, stablecoin liquidity needs to increase.
2. US investors (-ve) demand

US investor demand for BTC has entered a negative area, and it needs to change for BTC to pump.

Was $58.5K the bottom?

There are few signs that $58.5K was the bottom.

1) Overall demand increasing

Bitcoin demand has started to increase slowly, but it needs to rise even faster for BTC to pump.

2) Bitcoin Strong support.

BTC has a strong support around the $56K level, which acted as a strong support in May.

3) Miners capitulation

Miners capitulation has reached the December 2022 level, which was the cycle bottom for Bitcoin.

IMO, #BTC is going through some corrections, but we're still in a bull market.

Soon, BTC will start its upward trend and hit $100,000+ 🚀🚀
#US_Inflation_Easing_Alert #IntroToCopytrading #MtGoxJulyRepayments #BinanceTournament #Megadrop
📢Australia’s largest stock exchange lists its first spot bitcoin ETFThe ASX exchange listed VanEck Bitcoin ETF on Thursday as the exchange’s first spot bitcoin ETF.  ASX is a top equity exchange in Australia, managing about 80% of the local trades. As of May, ASX had a domestic market capitalization of $2.6 trillion, its website showed. The VanEck Bitcoin ETF, which trades under the VBTC ticker symbol. $VBTC operates as a feeder fund, allowing investors to gain exposure to bitcoin by investing in the U.S.-listed VanEck Bitcoin Trust (HODL). “While it has been possible to trade Bitcoin via crypto exchanges, trading units with exposure to Bitcoin via an ETF on an exchange like ASX means you’re able to buy and sell those units through a traditional brokerage account, simplifying the process and opening the opportunity to more Australians,” Andrew Campion, general manager of investment products and strategy of ASX, said in a statement. #altcoins #BlackRock #BinanceTournament #ETHETFsApproved #FIT21 $BTC {spot}(BTCUSDT)

📢Australia’s largest stock exchange lists its first spot bitcoin ETF

The ASX exchange listed VanEck Bitcoin ETF on Thursday as the exchange’s first spot bitcoin ETF. 

ASX is a top equity exchange in Australia, managing about 80% of the local trades. As of May, ASX had a domestic market capitalization of $2.6 trillion, its website showed.

The VanEck Bitcoin ETF, which trades under the VBTC ticker symbol. $VBTC operates as a feeder fund, allowing investors to gain exposure to bitcoin by investing in the U.S.-listed VanEck Bitcoin Trust (HODL).

“While it has been possible to trade Bitcoin via crypto exchanges, trading units with exposure to Bitcoin via an ETF on an exchange like ASX means you’re able to buy and sell those units through a traditional brokerage account, simplifying the process and opening the opportunity to more Australians,” Andrew Campion, general manager of investment products and strategy of ASX, said in a statement.
#altcoins #BlackRock #BinanceTournament #ETHETFsApproved #FIT21 $BTC
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Is ETH ETF going to be launched at any minute? Not really, but there is some good news about it! SEC is one step towards the acceptance of ETF, and that is all thanks to Consensys. On June 7th, Consensys sent a letter to the SEC, asking to confirm the ETH ETF approval. The company justified that it's a commodity rather than an unregistered security This led to the closing of the investigation of Ethereum 2.0 and the quick approach of ETF. Because of this news, ETH is up by 3% in the 24-hour chart, breaking the level of $3,500. The same goes for its ecosystem, rising on average by 265%. This all creates a bullish moment for this token. Investors are now sure, that it won't be classified as an unregistered security! And logically, they will be more likely to invest in Ethereum. Now comes the question - if ETH is a commodity, why doesn't Solana, TON, Cardano, or even DOGE become the same? With this one fact, in the next few months, we'll be able to see the SOL ETF, BNB ETF, or any other crypto one! Returning to Ethereum, there is a movement with S-1 documents. Bitwise revealed $2.5M investments on its S-1. Pantera Capital is interested in investing $100M in shares. With all that said, is it the beginning of a bull market? {spot}(ETHUSDT) #BinanceTournament $ETH #ETHETFsApproved #BTC #bitcoin #altcoins $BTC $BNB
Is ETH ETF going to be launched at any minute?

Not really, but there is some good news about it!

SEC is one step towards the acceptance of ETF, and that is all thanks to Consensys.

On June 7th, Consensys sent a letter to the SEC, asking to confirm the ETH ETF approval.

The company justified that it's a commodity rather than an unregistered security

This led to the closing of the investigation of Ethereum 2.0 and the quick approach of ETF.

Because of this news, ETH is up by 3% in the 24-hour chart, breaking the level of $3,500.

The same goes for its ecosystem, rising on average by 265%.

This all creates a bullish moment for this token. Investors are now sure, that it won't be classified as an unregistered security!

And logically, they will be more likely to invest in Ethereum.

Now comes the question - if ETH is a commodity, why doesn't Solana, TON, Cardano, or even DOGE become the same?

With this one fact, in the next few months, we'll be able to see the SOL ETF, BNB ETF, or any other crypto one!

Returning to Ethereum, there is a movement with S-1 documents.

Bitwise revealed $2.5M investments on its S-1.

Pantera Capital is interested in investing $100M in shares.

With all that said, is it the beginning of a bull market?
#BinanceTournament $ETH #ETHETFsApproved #BTC #bitcoin #altcoins $BTC $BNB
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