🚀 Breaking News in the Crypto Space! 🌐

Rumors are swirling about Charles Schwab, the $8.5 trillion asset manager, joining the Bitcoin ETF competition! 🌟 Bloomberg's ETF expert, Eric Balchunas, speculates on Schwab entering the ring, intensifying the battle for the Bitcoin ETF.

Meanwhile, Bitcoin exchange balances drop by over a million BTC since 2020. Yet, BTC remains resilient above the $42,000 mark. 📉 As the competition heats up, could this signal a Bitcoin rebound?

With only 21 million Bitcoins available, every movement counts. Analyst Joe Burnett notes the significant innovation on the blockchain as one million BTC leave exchange wallets, strengthening the optimistic thesis about the asset.

As we approach the Bitcoin halving event in 80 days, history suggests a potential trigger for the currency. Wallet addresses holding less than one Bitcoin show a declining trend since the local peak, supporting the bullish outlook.

Excitingly, the first BTC Spot ETF application hits Hong Kong, indicating growing trader interest. 📈🌏 Will this bring new dynamics to the crypto market?

Despite a weekend dip, Bitcoin stands strong above $42,000. Analysts predict potential resistance at $43,600 and $45,589, with a chance of retesting $45,000. 📊 However, a daily close below $40,000 could shift the bullish thesis.

Stay tuned for the unfolding saga in the crypto world! 🚀💡
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