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Elon Musk's Urgent Security Alert Causes Concern in Crypto Community: Bitcoin (BTC) and Ethereum (ETH) in Focus. #Bitcoin , the world's largest cryptocurrency in terms of market value, recently surpassed the $30,000 level. This milestone shows that investor confidence is increasing and mainstream acceptance is increasing. This increase is attributed to several factors, including corporate investments, positive regulatory developments and increased public awareness. Institutional investors played a significant role in Bitcoin's recent price increase. Companies like MicroStrategy and Tesla have invested heavily in Bitcoin, giving a strong vote of confidence in its long-term potential. According to a report by CoinShares, institutional inflows into Bitcoin have reached record levels, further solidifying its status as an investable asset. #Ethereum , the second largest cryptocurrency in terms of market value, is preparing for a major update known as Ethereum 2.0. This update aims to address the network's most pressing issues, such as scalability and high transaction fees. Ethereum 2.0 will transition the network from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) system, which is expected to be more energy efficient and secure. Scalability and Low Transaction Fees One of the primary goals of Ethereum 2.0 is to increase the scalability of the network. Currently, the Ethereum network can process approximately 30 transactions per second (TPS). With the update, this number is expected to increase significantly and reach thousands of TPS. This improvement will make the network more efficient, allowing it to handle more transaction volume, thus reducing congestion and lowering transaction fees. The cryptocurrency market continues to evolve rapidly with major developments such as Bitcoin's price increase and Ethereum's upcoming update. These advances highlight the maturation and adoption of cryptocurrencies as investable assets. Investors and enthusiasts must be aware of these changes to make informed decisions in this dynamic market. $BTC $ETH

Elon Musk's Urgent Security Alert Causes Concern in Crypto Community: Bitcoin (BTC) and Ethereum (ETH) in Focus.

#Bitcoin , the world's largest cryptocurrency in terms of market value, recently surpassed the $30,000 level. This milestone shows that investor confidence is increasing and mainstream acceptance is increasing. This increase is attributed to several factors, including corporate investments, positive regulatory developments and increased public awareness.

Institutional investors played a significant role in Bitcoin's recent price increase. Companies like MicroStrategy and Tesla have invested heavily in Bitcoin, giving a strong vote of confidence in its long-term potential. According to a report by CoinShares, institutional inflows into Bitcoin have reached record levels, further solidifying its status as an investable asset.

#Ethereum , the second largest cryptocurrency in terms of market value, is preparing for a major update known as Ethereum 2.0. This update aims to address the network's most pressing issues, such as scalability and high transaction fees. Ethereum 2.0 will transition the network from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) system, which is expected to be more energy efficient and secure.

Scalability and Low Transaction Fees

One of the primary goals of Ethereum 2.0 is to increase the scalability of the network. Currently, the Ethereum network can process approximately 30 transactions per second (TPS). With the update, this number is expected to increase significantly and reach thousands of TPS. This improvement will make the network more efficient, allowing it to handle more transaction volume, thus reducing congestion and lowering transaction fees.

The cryptocurrency market continues to evolve rapidly with major developments such as Bitcoin's price increase and Ethereum's upcoming update. These advances highlight the maturation and adoption of cryptocurrencies as investable assets. Investors and enthusiasts must be aware of these changes to make informed decisions in this dynamic market.
$BTC $ETH

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Ethereum (ETH), BNB and SOL Coin 10-13 June Predictions. The SEC will soon issue approvals to announce the launch date for the #ETH ETF. Form S-1 approvals are expected to cause new fluctuations in the ETH price this week. Following the final forms, the SEC will provide feedback and ensure that the forms are finalized after 1 or 2 regulations. A Prize Pool Worth 21 Million TL is Awaiting You from BinanceTR! Participating and winning has never been easier. Sign up to BinanceTR from this link and get your first crypto! What are the possible stops for the #ETH price, which is expected to fluctuate depending on developments on the ETF and macroeconomic front? Finding support at $3,676, ETH is having difficulty breaking the $3,730 barrier. While the EMA20 is protected by the bulls, the moving average is flattening and the RSI is approaching the neutral zone. If $3,600 is lost, the sell-off may deepen to $3,374. On the contrary, in the bullish scenario, once the obstacle is overcome, the targets of $4,094 and $4,868 will come to the fore. The popular altcoin, which started to fall from $ 722, dropped to $ 635. We drew particular attention to the risk of the price falling to this breaking point during the US market opening on Friday, when the price was still close to $ 700. The expected happened and the price lingering above the breakout area seems to have hit the bottom for now. If it sees a real bounce from here, it can focus on the $722 and $775 targets again. Solana, one of the biggest Ethereum competitors, has not been as enthusiastic as BNB Coin for a long time. However, both of them had tested their last resistance points many times on their journey to ATH. While BNB Coin succeeded, SOL Coin did not. The price, which fell below the key $162 zone on June 7, may experience new declines to $157 and $140. If there is a return to closings above $ 164, $ 205, one of the last stops before #ATH , will be targeted after the resistances of $ 176 and $ 188. $BTC $ETH
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ETF Funds Bought the Equivalent of Two Months' Mining Supply of Bitcoin Last Week. Spot Bitcoin exchange-traded funds based in the United States purchased the equivalent of nearly two months' mining supply of the cryptocurrency last week. With approximately $1.83 billion in inflows, 11 funds purchased 25,729 #Bitcoins in the trading week from June 3 to 7, according to #HODL15Capital data; This is approximately eight times more than the 3,150 new Bitcoins mined at the same time. The amount of Bitcoin acquired in just one week was nearly equal to 29,592 Bitcoins in the entire month of May, by HODL15Capital's count, and was the biggest week of buying since mid-March, when Bitcoin hit an all-time high of $73,679. In total, the 11 #ETFs have seen net inflows of $15.69 billion since their launches in January; This includes a $17.93 billion net outflow from Grayscale's fund, with assets under management of approximately $61 billion. Bitcoin advocates have long touted the cryptocurrency as “digital gold” due to its built-in scarcity mechanism that ensures only 21 million Bitcoins can be released. ETF Shop president Nate Geraci noted in a June 9 post that Bitcoin ETF AUM is about 60% of the country's gold ETF funds, even though gold-focused #ETF funds have been around for 20 years and #Bitcoin ETF funds have only been around for five months. Bitcoin reached a high of $71,093 last week, breaking above $71,000 for the first time since May 21, according to Tradingview data, amid increased influx into US Bitcoin ETF funds. Radar Bear, co-founder of crypto exchange, said last week that the price of the cryptocurrency is struggling to break past its current high as it is more affected by macroeconomic factors and geopolitical events. $BTC
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