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What Will Happen to Bitcoin If the US Enters a Recession? According to an analyst, if there is a recession, it may not be favorable for #btc due to the risk-asset situation. However, it is worth noting that Bitcoin has shown some resistance against the negative sentiment surrounding the market since the beginning of the year. The leading cryptocurrency is currently trading below the $27,000 resistance level. Nevertheless, many investors still anticipate an upward trend in #Bitcoin . Part of this confidence in the future of the cryptocurrency stems from Cathie Wood's long-term price target of $1 million. #News #CryptoDailyDigest

What Will Happen to Bitcoin If the US Enters a Recession?

According to an analyst, if there is a recession, it may not be favorable for #btc due to the risk-asset situation. However, it is worth noting that Bitcoin has shown some resistance against the negative sentiment surrounding the market since the beginning of the year. The leading cryptocurrency is currently trading below the $27,000 resistance level. Nevertheless, many investors still anticipate an upward trend in #Bitcoin . Part of this confidence in the future of the cryptocurrency stems from Cathie Wood's long-term price target of $1 million.

#News #CryptoDailyDigest

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Newly launched whale wallets turn to 5 altcoins after Ether ETF approval While Ether spot ETFs were approved by the SEC last night with a historic decision, it is seen that the newly opened whale wallets turned to 5 altcoins after the approval and made significant purchases. After the US Securities and Exchange Commission (SEC) approved Ethereum spot ETFs, cryptocurrency investors began to look more favorably on many altcoins on the Ethereum network. According to Lookonchain, an on-chain data tracking platform; The newly opened whale wallets, which made million-dollar purchases, turned to 5 altcoins after the SEC approval. Lido (LDO), Aave (AAVE), Uniswap (UNI), Chainlink (LINK) and Ethereum Name Service (ENS) were among the purchases made by whales. In the information provided, attention was drawn to the purchases made this morning: - 0x43cA wallet opened 4 days ago, 82 thousand ENS worth 2 million dollars from Binance, - 0x43cA wallet opened 4 days ago, 82 thousand ENS worth 2 million dollars from Binance, - 0xBbDC wallet, opened 4 days ago, contains 214 thousand UNIs worth 2 million dollars, - 0xCD0a wallet, opened 5 days ago, contains 19.7 thousand AAVEs worth 2 million dollars, - 0x2019 wallet opened 5 days ago, 19.9 thousand AAVE worth 2 million dollars, - Wallet 0xBD07, opened 5 days ago, contains 873 thousand LDOs worth 2 million dollars, - Wallet 0xe934, opened 4 days ago, contains 602 thousand LDOs worth 1.4 million dollars, - Wallet 0xf07B, opened 6 hours ago, contains 915 thousand LDOs worth 2.1 million dollars, - 0x2A3C wallet opened hours ago contains 66 thousand LINK worth 1.3 million dollars They made purchases. $BTC $ETH
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🧙‍♂️Etherfi announced a partnership with Visa for crypto-backed Credit Card.
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Look at the Spot Ethereum ETF Approval from This Perspective! Remarkable Analysis from the Famous Bitcoin Maximalist! In a surprising twist, a prominent Bitcoin maximalist known as The Bitcoin Therapist on social media platform X has spoken optimistically about the recently approved Ethereum ETF. Initially skeptical, he now sees the confirmation as a positive for Bitcoin, describing ETFs as an “incredibly bullish” signal for the largest cryptocurrency. The Bitcoin Therapist highlighted that the approval of the spot #Ethereum ETF is likely to trigger a significant capital inflow into the cryptocurrency market. Believing that this development will benefit the market in a way that will spread throughout the market, the Bitcoin maximalist stated that the approval of such ETFs indicates the desire to recognize the legitimate demand for various cryptocurrencies and said, "As long as there is real demand, your cryptocurrency will be approved no matter what." Despite the bullish outlook, The Bitcoin Therapist warned of potential risks associated with capital flows. He expressed concern that this could lead to a rise in “memecoins and scamcoin fantasies” and potentially cause disruptions for some traditional finance (TradFi) funds. The #Bitcoin Therapist: “This will be a disaster, yes. "It could even be a disaster for some TradFi funds," he said. However, he claimed that he is confident that Bitcoin will eventually emerge from this chaos as the biggest beneficiary, and that Bitcoin will absorb capital from failed projects as it has in previous cycles. The Bitcoin Therapist predicts that there will be a significant inflow of funds into the cryptocurrency market in the next 4-5 years. He believes this will be due to various funds making a desperate attempt to secure #ETF approvals. “I have no doubt that funds will pump a lot of money into this space,” he says, expecting some projects to succeed and others to fail, but he thinks Bitcoin will absorb them all. $BTC $ETH
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He Earned 415 Thousand Dollars in 4 Months by Purchasing 4,600 Phones and Watching His Own Broadcasts! Caught by the Chinese Government! A broadcaster in #China participated in his live broadcast using 4,600 phones! The person who earned 3 million yuan in just four months was imprisoned This incident represents a significant step forward by China in combating fraud in the live streaming industry. The fraudster's imprisonment marks the first time Zhejiang province, the center of the live-streaming industry, has punished a person for such a crime. This serves as a serious warning against fraudulent activities in the industry.
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Yoyodex: 🧙‍♂️Ethereum ETF issuers were given until this morning to submit their final 19b-4 forms. 🧙‍♂️It was stated that 19b-4 forms can be approved today, but the approval of S-1 forms, which are required to open ETFs for trading, will not be valid for a few weeks. -The Block 🧙‍♂️The US House of Representatives passed a bill banning the Fed from creating a central bank digital currency (CBDC). 🧙‍♂️Coinbase announced that it has launched #AVAX staking. 🧙‍♂️BREAKING NEWS! SEC approves #Ethereum Spot ETFs. 🧙‍♂️VanEck applied for Ethereum ETF S-1/A. 🧙‍♂️ Kabosu, the dog in #Dogecoin's logo, has passed away. 🧙‍♂️ On May 23, spot Bitcoin ETFs recorded net inflows of $107.9 billion. 🧙‍♂️ BlackRock's spot #Bitcoin ETF saw the highest inflow at $89 million. Grayscale Bitcoin #ETF experienced an outflow of $13.7 million. 🧙‍♂️ At Starknet's unlock event, $1.05 million worth of STRK tokens were transferred to Vitalik Buterin. $BTC $DOGE $AVAX
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