The First Bitcoin ETF Spot Officially Launched in Australia
Monochrome Asset Management, an Australian investment firm, is set to introduce Australia’s first spot Bitcoin exchange-traded fund (ETF) on Tuesday, May 4, 2024.
The Monochrome Bitcoin ETF (IBTC) will directly hold BTC in Australia. The ETF is scheduled to be listed for trading on the Cboe Australia exchange on June 4. Monochrome’s investment strategy for bitcoin will be strictly passive, avoiding derivatives, leverage, or short selling, as stated on their website.

Monochrome’s IBTC Launch in Australia In April, Monochrome applied to launch IBTC, capitalizing on the growing interest in spot Bitcoin ETFs beyond the U.S. market. Previously, Monochrome received approval to launch a spot Bitcoin ETF in August 2022, providing investors with direct exposure to BTC, ether, and other cryptocurrencies.
#BTC☀ #eth #sol

Arbitrum Proposes $250 Million Gaming Fund
The renowned Layer 2 platform Arbitrum's plan to establish a $250 million fund for developing the gaming sector has sparked significant criticism from the community.

Here we go again! Perfecting every $PEPE move each time we predict about it.

Let’s see if we will get a pullback of straight run to target.

#PEPE

With a 24-hour trading volume of $20.7B, the price of $BTC is currently $69,175 has at taking snapshot of the PNL.

This indicates a price increase of 0.69% over the last seven days and 1.81% during the previous 24 hours.

We are definitely going to see a good week for $BTC

We also gained +18% profits on FUTURES from our entry zone of $68,5k…

So, Roaring Kitty (& whoever else in on this) did suppress price to benefit from the rolling swaps 🤔

Lower share price -> lower cost/margin requirements & better new swap agreements

$BTC

#bitcoin #btc

Long and short position status on different exchanges
#btc #eth #sol

Donald Trump's crypto investments have been paying off. His on-chain crypto holdings have exceeded the $10 million mark. The surge was primarily driven by a rise in the value of the MAGA (TRUMP) meme coin.
Trump's holdings in $TRUMP alone are valued at $7.3 million, making up most of his crypto investments. Trump also holds over 463 Ethereum, currently valued at $1.8 million. Trump does not publicly own any Bitcoin.
The price of the TRUMP coin, a political meme coin based on Solana, has increased over 60% in the last seven days and currently rests at $12.40.
#EarnFreeCrypto2024 #ETHETFsApproved #btc70k #btc

BTC looking ahead to that third rebounce on the 4h chart parallel channel, around 65,500 and from there, the next objective is 74k.

#BTC #BTCTrendAnalysis

Based on my analysis, I predict that Bitcoin will experience volatility in the coming weeks and months. While there may be short-term fluctuations due to market sentiment and regulatory news, I maintain a long-term bullish outlook driven by institutional adoption and technological advancements.
#btc $BTC

1)Market Trends:

1. $BTC is declining, as well as Altcoins, Still holding above 67k support and as long as that holds, we are still in uptrend market.
Full circulation memes of various public chains such as $BTC, $TON, and $BASE have all started upturn.

2. U.S. stocks are oscillating, with U.S. bond yields increasing.

2) Market Hotspots:

1. Lesser-known coins, $AUCTION and $CTK are significantly up as they get listed on a Korean exchange. Coins listed on Korean exchanges tend to have lower market values, leading to better upturn impacts.

2. AI-related tokens $ARKM, $WLD, and $PHB are dramatically rising. Nvidia is highly likely to surpass Apple to become number one in market value.

3. $NOT , a meme coin from Ton ecosystem, is surging significantly. Market maker DWF drives ferocious upsides for $NOT , which also circulates fully as a meme coin.

4. $DOG, $RUNECOIN, $PUPS, and $WZRD from the Bitcoin ecosystem are appreciating massively. $DOG and $RUNECOIN are Rune coins, while $PUPS and $WZRD are Ordinal coins, all of them feature full circulation. The leading Rune coin $DOG has a market cap of 700 million dollars and is about to surpass the leading Ordinal coin $ORDI's market cap of 800 million dollars.

5. $BRETT, a meme coin on the Base blockchain, is sharply up, reaching a new high. $BRETT, similar to $PEPE, is a fully circulating meme coin with a market cap of 900 million dollars.

This Is Not Financial Advice
#btc #eth #sol

Bitcoin in Dubai Using Cash or an ATM
🇦🇪 Dubai is most crypto friendly place in the world, Which makes it the best desitination for #crypto lovers and investors. Although the whole of the UAE (United Arab Emirates) is considered crypto-friendly, Dubai in particular, with its VARA (Virtual Asset Regulatory Authority), has turned into a Mecca for crypto fans and users.

Bitcoin Rebounds to $68,000 as Demand Surges
Bitcoin has shown a positive response on the price charts, yet social metrics indicate some weaknesses. The high demand for Bitcoin in May could soon propel the price past its all-time high.
Bitcoin [BTC] experienced a captivating week in terms of price volatility, with a dynamic breakout surpassing the domestic high of $67,000 on May 20th.

On May 23rd and 24th, Bitcoin retested the $66.3k-$66.6k range as support before rebounding higher, trading at $68.7k at the time of writing.

Further gains seem likely as demand for the leading cryptocurrency continues to rise. Jack Mallers, CEO of the blockchain-based payment app Strike, stated in a conversation with Antony Pompliano that “Bitcoin is the best thing you can own.” Social metrics and on-chain activity show signs of weakening.

Social volume for Bitcoin has gradually declined since March 11th. Sentiment has been predominantly negative throughout May, with only two positive spikes since mid-month. Together, these indicators suggest reduced engagement on social media.

Ethereum Whales Accumulating as Market Trades Sideways
Recent activity from Ethereum whales has shown increased positivity. ETH is striving to establish the $3,600 range as support.

What Are Memecoins? Top 5 Most Promising Memecoins of 2024
Memecoin originated from extremely simple things, but many projects have reached billion-dollar caps in a short time. Let's explore the top 5 most promising memecoin projects in 2024 with Cryptocurrency right now!
What are Memecoins?
Memecoins are a type of cryptocurrency developed based on humorous images, videos, or content widely circulated on the internet (known as memes). Unlike cryptocurrencies like Bitcoin or Ethereum, which are created to solve specific problems, memecoins are often for entertainment purposes and lack real business foundations or clear utility.
1 _ #doge 2_ #pepe 3_ #floki 4_ #wif 5_ #wen

$LINK

LINK/USDT
🔴Short
✖️Leverage : 20X
💠ENTRY : 16.518
TP 1: 16.270
TP 2 : 16.105
TP 3 : 15.939
TP 4 : 15.692
TP 5 : 15.305
❌SL : 17.302
good luck traders
#link

This Week Overview
Today, May 20:
-Crypto Expo Dubai 2024
Wednesday, May 22:
-Bitcoin Pizza Day 2024 🚀
-NVIDIA Earnings Report (AI coins will pump)
-UK CPI data
Thursday, May 23:
-ETH ETF Decision
Friday, May 24:
-Federal Reserve Meeting Minutes
Bitcoin Analysis
Another interesting week with Crypto Expo Dubai today, Bitcoin Pizza day on May 22 etc. This weekend the volatility was low. $BTC CME close was $67,215 and the current price is $67,057.69.
After taking liquidity at 56k level where i predicted the low, it has broken through first arch shaded resistance and now at the second, still looks strong after reclaiming $66,155.74. It should go higher as long as it stays above the $65k level, with the next target being the 2021 ATH ($69k-$70k) and the second target being the upper liquidity zone ($72k and Above ).
The 22 MAY NVIDIA Earnings Report
Another important event is the NVIDIA Earnings. In my opinion it's going to be a good result, and it could impact the crypto market in a good way, especially to the crypto AI sector. AI coins are most likely to rise.
Ethereum Analysis: 23 May ETHETF Decision and Altcoin expectations.
If BTC remains bullish these days, money should keep flowing to lower capitalization coins. Which is a vital category of determining altseason and altcoin potential uptrend.
After a break of structure, retest is always expected which we have seen during the weekend as predicted. Above $3174.69 I am expecting $ETH to pump towards the arch shaded area to be broken above.
ETH ETF Decision
The ETH ETF decision is going to be important, but we must know, SEC is considering the security question for ETH in this upcoming spot ETF order, raising the likelihood of Ethereum ETFs being denied by claiming Ethereum is a security. This marks the first public mention in SEC documents, though it's not a guarantee that it will be denied.
In Conclusion
Bitcoin will continue going upwards until proven otherwise, money will continue flowing back to altcoins as we are now a stone throw away to altseason. #btc #eth #sol
Good Luck Traders.

US Bitcoin exchange-traded funds (ETFs) could be a threat to on-chain adoption and liquidity, warns Jim Bianco, founder of Bianco Research. He suggests that ETFs are pulling on-chain liquidity into traditional finance, evidenced by Coinbase's Q1 financial results. Despite retail trading volume being half of 2021 levels, revenue stood at $1.64 billion, with institutional trading volume increasing to $256 billion in Q1 from $215 billion in Q1 2021. Bianco also notes that ETFs have failed to attract baby boomers, with over 85% of the underlying BTC held by retail investors.
#btc #eth

$BTC 4H Review

$BTC saw a minor, local decrease yesterday, but buyers are progressively offsetting the decline. We have established a foothold above the moving averages, indicating that the asset's dynamics are still bullish. I predict that we will trade in the $63,812 - $69,000 region for some time to come, and then we'll challenge its top limit. The dominance of $BTC is still increasing; it increased by 0.11% in the last day and is currently at 55.93%.

1 hour ago, a whale 37tr7 just withdrew 120 $BTC (~$7.97M) from #Binance.

Within a week, he totally accumulated 185 $BTC with avg entry $64,712.

Last year, he accumulated 50 $BTC with $1.23M and then sold all for $2.83M with realized profit $1.6M.

Address:

$LINK good time to take short