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🇭🇰 Hong Kong Will Approve Bitcoin ETF !!!!!! Hong Kong could approve Bitcoin and Ethereum ETFs next Monday, according to a Bloomberg report. 🖥 A Bloomberg report suggests that Hong Kong could soon approve ETFs that invest directly in Bitcoin and Ethereum. If the forecasts are correct, it is expected that international organizations, Harvest Fund Management Co. and Bosera Asset Management will receive approval to launch spot crypto ETFs. 🔥 Considering what capital goes to BTC from US ETF, new An ETF in Hong Kong could have a positive impact and attract new capital into BTC. $BTC #BTC #ETF

🇭🇰 Hong Kong Will Approve Bitcoin ETF !!!!!!

Hong Kong could approve Bitcoin and Ethereum ETFs next Monday, according to a Bloomberg report.

🖥 A Bloomberg report suggests that Hong Kong could soon approve ETFs that invest directly in Bitcoin and Ethereum. If the forecasts are correct, it is expected that international organizations, Harvest Fund Management Co. and Bosera Asset Management will receive approval to launch spot crypto ETFs.

🔥 Considering what capital goes to BTC from US ETF, new

An ETF in Hong Kong could have a positive impact and attract new capital into BTC.

$BTC #BTC #ETF

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🟣 Solana’s On-chain Activity Declines as SOL Price Nears Support 🔺 Solana’s price stabilizes despite decreased trading interest. 🔺 Significant liquidations follow a surge in SOL’s price. 🔺 A decrease in new addresses on Solana’s blockchain raises concerns about its appeal and hampers recovery efforts. Solana (SOL) faces challenges in managing on-chain activity amidst waning trading interest. Despite this, SOL’s price has stabilized and approached support levels after a recent market downturn. In the last 24 hours, SOL experienced a notable surge in price, leading to a flurry of liquidations by sellers. Data from TradingView indicates significant liquidations amounting to $13.2 million in SOL, with a majority of $9.5 million stemming from short positions. However, concerning trends emerge as well. There has been a marked decline in new addresses on the Solana blockchain. Over the past 15 days, new addresses have dropped by 14.7%, dwindling from a weekly high of 915,000 to 780,000. Traditionally, a robust increase in new addresses signals a healthy network growth and enhanced utility, factors that typically bode well for Solana’s value. Conversely, the current slowdown in new addresses raises investor concerns about potential challenges such as diminished blockchain appeal, technical hurdles, or competition from rival platforms. Such trends could impede SOL’s ongoing recovery efforts. Moreover, the decrease in active addresses on the Solana blockchain, from 1.21 million to 1.1 million, poses further challenges for SOL’s price. Reduced user engagement and transaction activity undermine investor confidence, potentially curbing demand for SOL. Analysts foresee SOL’s recovery facing obstacles as it confronts resistance levels without substantial buying pressure, possibly leading to a reversal for Solana. $SOL #SOL
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💵 𝗗𝗼𝗴𝗲𝗰𝗼𝗶𝗻’𝘀 𝗗𝗶𝗽 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗜𝗺𝗺𝗶𝗻𝗲𝗻𝘁 𝗕𝘂𝗹𝗹 𝗥𝘂𝗻, 𝗘𝘅𝗽𝗲𝗿𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝘀 🔸 Renowned analyst Ali Martinez sees Dogecoin’s recent correction as a precursor to a bullish rally. 🔸 Historical data shows that past corrections in 2017 and 2021 preceded massive surges, hinting at a pattern in Dogecoin’s behavior. 🔸 Dogecoin’s current correction mirrors past cycles, potentially signaling the start of the next bull run. Renowned crypto analyst Ali Martinez has recently shed light on Dogecoin’s intriguing price behavior, suggesting that its recent correction might just be a precursor to a substantial upward surge. 🧵 𝙏𝙝𝙚 𝙤𝙣𝙜𝙤𝙞𝙣𝙜 #𝘿𝙤𝙜𝙚𝙘𝙤𝙞𝙣 𝙥𝙧𝙞𝙘𝙚 𝙘𝙤𝙧𝙧𝙚𝙘𝙩𝙞𝙤𝙣 𝙞𝙨 𝙥𝙖𝙧𝙩 𝙤𝙛 𝙞𝙩𝙨 𝙪𝙨𝙪𝙖𝙡 𝙗𝙚𝙝𝙖𝙫𝙞𝙤𝙧 𝙗𝙚𝙛𝙤𝙧𝙚 𝙢𝙖𝙨𝙨𝙞𝙫𝙚 𝙗𝙪𝙡𝙡 𝙧𝙪𝙣𝙨! 𝙇𝙚𝙩'𝙨 𝙙𝙞𝙫𝙚 𝙞𝙣. Martinez, well-regarded in the cryptocurrency market, posits that Dogecoin’s dips are not cause for alarm but rather indicative of an impending bullish rally, echoing patterns observed in previous market cycles. Drawing attention to historical trends, Martinez highlights how Dogecoin’s past price corrections, notably in 2017 and 2021, were followed by staggering bull runs. In 2017, a retracement of 40% preceded a remarkable 982% surge, while in 2021, a more significant 56% correction paved the way for an astounding 12,197% increase. Such patterns, Martinez suggests, demonstrate Dogecoin’s tendency to undergo corrections before embarking on explosive growth phases. Now, in 2024, history seems to be repeating itself. Dogecoin has once again broken out of a descending triangle pattern, undergoing a 47% correction reminiscent of previous cycles. This correction, Martinez emphasizes, could very well ignite the next bull run for Dogecoin, signaling potential opportunities for investors eyeing substantial gains. $DOGE #DOGE #Dogecoin
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⭐️ Will Bitcoin Prices Continue to Rise? Following the recent Fed decision, the falling prices of cryptocurrencies seem to have given way to a rise. In recent minutes, BTC, which has risen above $63,000 and is trading at these levels, continues to attract attention with comments from significant market figures. 🔺 Will Bitcoin’s Price Increase? A statement by Fundstrat’s co-founder Tom Lee has caught attention. According to Lee, the price of Bitcoin does not yet appear to have reached its peak. In the latest episode of the “Speak Up” program with famous American investor Anthony Scaramucci, he said: 💬 " This doesn’t mean it will reverse today, but I don’t think this is a peak. " Lee also mentioned that the recent price drop in Bitcoin should be considered a bear trap and a good buying opportunity. 💬 " I think the April chaos is somewhat deceiving us. " 🔺 How Much is Bitcoin Now? Bitcoin’s price is currently at $63,000, following an increase of over 6% in the last 24 hours. This rise occurred after Bitcoin briefly fell to $56,000 on May 1st. Previously, Lee had stated that the price of BTC could reach $150,000 by 2024. After reaching its all-time high of $73,737, Bitcoin experienced a 16.2% drop. 🔺 Will Bitcoin End? According to Lee, Bitcoin represents the purest form of trust and is definitely positioned as a breakthrough in technology. The famous figure also notes that Bitcoin’s secure structure offers many benefits. Looking at it from another angle, the research director at Starbucks stated that people not buying coffee with Bitcoin at Starbucks should not be interpreted as Bitcoin being impractical. Returning to Lee’s statements, the famous figure believes that due to the market’s size, Bitcoin’s price will never return to zero again. Lee finally said: 💬 " Many attempts have been made to eliminate Bitcoin… but eventually, financial institutions are slowly beginning to realize that it is actually a great solution. Therefore, BlackRock and others are supporting it through spot Bitcoin ETFs. " $BTC #BTC #Bitcoin #ETF
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🔼 Unemployment is up - Bitcoin is up. The rise in unemployment in the United States is a sponsor of the profit of long traders. Unemployment data: 🟢 US nonfarm payroll: 175,000 (expected 238,000 / previously 303,000). 🟢 Unemployment rate (April) - 3.9% (expected 3.8% / previously 3.8%). High unemployment is positive for the Fed and, accordingly, for Bitcoin too😉 $BTC #BTC
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📣 Experts predict SEC’s win over Ripple over new motion The crucial lawsuit between the US Securities and Exchange Commission (SEC) and Ripple Labs saw another round of court submission. In the latest move, Ripple filed a letter supporting its motion. However, experts suggest that the SEC might win this minor battle but it might not change much trajectory of the case. 🔺 Ripple files motion to strike As per the filings, Ripple filed a letter in further support of its April 22, 2024 motion to strike new expert materials. This submission was in reply to the SEC’s April 29, 2024 opposition to that motion to strike. This move has attracted investor attention, particularly its reply brief to contest the SEC’s opposition brief. Amid back to back filings, Legal experts have weighed in on the situation. Attorney Jeremy Hogan suggested that the SEC would win the motion. He anticipates that even if the court determines Fox is an “expert" Lawyer Bill Morgan shared a similar sentiment. He predicted that Ripple would lose the motion but the judge would accept that Fox provided some expert evidence and permit Ripple to depose her.  The next big move will be the SEC’s reply brief on remedies which is due on May 6. After which the court will make a decision on penalties and injunctions. This decision could impact Defandant’s operations and expansion plans in the US. 🔺 What’s in the filling? The court filing shows that Ripple argued that Fox’s testimony should be struck. This is because the SEC failed to provide her identity and testimony during remedies-related discovery. The commission went on to dispute the Motion to Dismiss. It claimed that Fox was a summary witness. That’s why her testimony did not need to be disclosed during discovery. It is important to note that the court could rule on the Motion to Strike at any time. However, the commission must file its remedy-related reply brief by May 6. This brief will act as Ripple’s opposition to the SEC’s opening brief arguing for punitive penalty and injunction. $XRP #XRP #SEC
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