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Kasonso-Cryptography
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Bitcoin Bullish Engulfing 🔥🔥🔥
Bitcoin Bullish Engulfing 🔥🔥🔥
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A big week for Ethereum 📈 From capitulation to speculation, there’s now a real chance that the spot Ether ETFs could be approved by the SEC this week. According to Bloomberg analysts James Seyffart and Eric Balchunas on X, they have increased their odds of an ETH ETF approval from 25% to 50% after hearing news that the SEC may be ready to change its stance on ETF applications. On Monday, the SEC asked asset managers to submit amended 19b-4 forms for their applications, further increasing speculation on a potential approval in the coming days. Nine asset management firms, including Blackrock, Fidelity, and VanEck, have filed for spot Ether ETFs to date. As the first one to do so, VanEck expects a decision on its application this Thursday, May 23rd, followed by a decision on the ETF proposed by Ark Invest and 21 Shares. Since Balchunas’ tweet took the crypto space by storm, ETH recorded its largest daily price candle in history, surging by 16.7% from $3,143 to $3,665 today. Editor’s Take: With ETH’s recent, violent move, it’s likely that most of the upside from a potential spot Ether ETF approval would have already been telegraphed and captured. Nonetheless, based on the recent history of Bitcoin’s price action following its ETF approval, the future of Ethereum is looking bright in the near term. However, should the ETFs be rejected, we may be in for a far more bumpy ride. Source: CoinGecko $ETH
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Top 5 Crypto memecoins by market capitalization: • Dogecoin: $24.77 billion • Shiba Inu: $15.59 billion • Pepe: $5.30 billion • WIF: $2.85 billion • Bonk: $2.16 billion Source: @WatcherGuru
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🇺🇸 US SEC is asking for amended 19b-4 filings for spot 🪙 Ethereum ETFs: reports Firms looking to list and trade shares of spot ether exchange-traded funds are being asked by the U.S. Securities and Exchange Commission to update and refile documents that are pivotal if those products were to be approved, according to news reports. Those filings, called Form 19b-4, are filed to let the SEC know about a proposed rule change and are among the documents that need the agency's greenlight before spot ether ETFs can become effective. Source: @CryptoWorldNews
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FUTURES TRADERS LET’S NOW SHORT ETHEREUM. Ethereum after rallying above 3700 no it is time to short it and taking profit around 3500 if we put entry level at the current price. Let’s Start Leverage: 20X💥 Position: Short💥 Mode: Cross 💥 Take profit (TP): 3500💥 Margin: 10% of your total balance on your futures account 💥 Stop loss: No Need to put it wait until target is fulfilled $ETH
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💥💥BREAKING NEWS: BITCOIN TO TRADE ABOVE $70K While ETHEREUM TO TRADE ABOVE $4000💥💥💥 Please keep buying without forgetting to Buy Ethereum. This will put many investors to double their capitals such as 2X, 3X or even 10X at this BULLRUN. SPOT ETHEREUM ETF now has grown from 25% to 75% this is milestone for ETH to pump heavy at this time! ETHEREUM WEEKLY CHART BULLISH ENGULFING 📈 Please click on the following charts to start buying Bitcoin and ethereum right now as soon as you can 👌 $BTC $ETH
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