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The Master of Crypto
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SEC approved 11 Bitcoin ETFs. More on Reuters: https://www.reuters.com/technology/us-sec-approves-some-spot-bitcoin-etfs-2024-01-10/ #BTC

SEC approved 11 Bitcoin ETFs. More on Reuters:

https://www.reuters.com/technology/us-sec-approves-some-spot-bitcoin-etfs-2024-01-10/

#BTC

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#NOT #PEPE #BONK are trading at all time high. I would be cautious, because the fall might be really fast and hard.
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Today we saw some bigger profit taking. The fear is taking over the market. Because prices can't fall straight down, then I expect a small bounce up. This is a perfect time to select cryptos, which are on sale. Now #BOME looks quite attractive for a short term bounce. If there is support with #BTC movement then we can see a 30-60% recovery.
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A new token called #BOME launched in Binance. Market capwise it's almost 1B. Dogecoin marketcap is 25B, Shiba inu 17B, Bonk 1.7B. It looks that memecoin season started and new tokens are created. I'm quite scecptical of the memecoins value . The highest beneficiary is Solana, which is trading at 195USDT, because most tokens are created on Solana network. The creation fees and conversions to Solana is pumping up the price. Meanwhile #BTC already tested the top and dropped to lower level 68k. The end of March and beginning of April is quite bearish and better is not to be in the market and wait. In the stock market already the ones who know are taking or have taken out money.
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Markets pushed higher. #BTC is trading around 72k. In one hour US CPI numbers will be published. Depending on the outcome the markets might react. It is not certain whether we will see higher highs or a drop. Altcoins do are selling off and some profit taking is happening. Today is important and then Thursday, Friday also. SP500 is trading at all time high at 5117$ and also DAX German index is at all time high at 17821.80€.
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#BTC made all time high at 69,99k and with that the memecoins made a huge rally. I'm still bearish until the end of March and beginning of April. Especially on memecoins such as #PEPE #SHIB #BONK #WIF . The value of memecoins is based on hype and the from the support of BTC qrally. The real intrinsic value is questionable. Wouldn't be suprised if prices start to fall. When it's starts falling then it will be really fast and painful. -10%, -20%, -30%, -40%, -50%, -60%.
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