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Ilyas64184089
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✅ The market has rebounded a bit after yesterday's big drop, but bitcoin still hasn't been able to break above the $60,000 resistance level 😬 Day summary: 🔸 Turns out Justin Sun falsely claimed diplomatic immunity in a lawsuit to avoid liability concerning his actions while running the BitTorrent buyer 🔸 Mode network published details on the upcoming $MODE airdrop 🪂 🔸 LayerZero has announced that snapshot #1 was taken on the 1st of May 🔸 Yesterday Bitcoin Spot ETF had a total net outflow of $564 million, a record high 🔸 US prosecutors are examining financial transactions at Block for assistance in circumventing sanctions 🔍 🔸 MicroStrategy plans to launch a Bitcoin-based decentralized identity protocol  🔸 The FBI arrested a man for allegedly orchestrating a $43 million crypto trading Ponzi scheme #TrenddingTopic

✅ The market has rebounded a bit after yesterday's big drop, but bitcoin still hasn't been able to break above the $60,000 resistance level 😬

Day summary:

🔸 Turns out Justin Sun falsely claimed diplomatic immunity in a lawsuit to avoid liability concerning his actions while running the BitTorrent buyer

🔸 Mode network published details on the upcoming $MODE airdrop 🪂

🔸 LayerZero has announced that snapshot #1 was taken on the 1st of May

🔸 Yesterday Bitcoin Spot ETF had a total net outflow of $564 million, a record high

🔸 US prosecutors are examining financial transactions at Block for assistance in circumventing sanctions 🔍

🔸 MicroStrategy plans to launch a Bitcoin-based decentralized identity protocol 

🔸 The FBI arrested a man for allegedly orchestrating a $43 million crypto trading Ponzi scheme

#TrenddingTopic

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
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Friendtech $FRIEND airdrop is live now, the token is now claimable inside the app and is currently trading around the $2 mark. Another airdrop with some "free" cash for farmers 🪂 Jack Dorsey said his fintech firm Block will flip 10% of its gross profit made off its Bitcoin products into buying BTC every month 🛒 Turkey said that it had halted all trade with Israel until “uninterrupted and adequate humanitarian aid is allowed into Gaza” ✋ Apple increased its cash dividend by 4% and authorized an additional program to buy back $110 billion of stock. The buyback is the largest in the company's history 🍏 EigenLayer has announced they will add 100 $EIGEN to the minimal 10 EIGEN airdrop allocation for each Season 1 restaker (that's around +$1000 for everyone) 💸 🔹 Last 24 hours top 3 gainers: Arweave - $34.97 (↑18.90%) Bonk - $0.0000261 (↑13.81%) Toncoin - $5.38 (↑12.28%) #TrendingTopic."
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Have we hit the bottom? 📊 Here are a few reasons to believe that we hit a local bottom in the market yesterday and that further upside is on the horizon through 2024 👇 • The Fear and Greed Index is 43, which means fear. We've come a long way down from extreme greed in March. • The current market price closely aligns with the cost basis of recent buyers, suggesting minimal downside potential as most susceptible sellers have already exited 🛒 • Realized losses for short-term holders are currently high, they tend to peak near local market lows, indicating panic selling has reached its climax • The MVRV ratio for short-term holders falling into the 0.9 to 1 range indicates the market is near a point of maximum financial strain 🙀 Do you like this kind of market analysis? Would you like to see more posts like this? If yes, hit a 🐳 reaction #TrendingTopic:
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LayerZero has announced that snapshot #1 was taken on the 1st of May, and it looks like the long-awaited airdrop is not too far away 🪂 Yesterday's Bitcoin Spot ETF had a total net outflow of $564 million, a record high. Even the BlackRock ETF had its first net outflow, with $36.93 million in BTC sold 📉 US prosecutors are examining financial transactions at Block. A former employee submitted documents showing that the company processed thousands of transactions involving countries subject to US sanctions ⚖️ MicroStrategy plans to launch a Bitcoin-based decentralized identity protocol called MicroStrategy Orange. It stores and calls users’ personal information, using unspent transaction output on the Bitcoin blockchain 🪪 🔹 Last 24 hours top 3 gainers: Pepe - $0...05701 (↑15.96%) dogwifhat - $2.65 (↑14.34%) Helium - $5.56 (↑12.83%) #TrendingTopic!
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✅ As expected, the Fed decided to leave the interest rate at 5.25% - 5.5%, but the Fed also announced a QT policy slowdown and reduced the pace of balance sheet reduction from $60 billion to $25 billion per month 📊 The market reacted positively to this news, We've been down all day, but we seem to have found a BTC bottom at around $56,700 🫡 Day summary: 🔸 Tether (USDT issuer) netted $4.52 billion in Q1 profit 🔸 Securitize has raised $47 million in a new strategic funding round led by BlackRock 💸 🔸 A court in Finland has jailed the hacker responsible for blackmailing 30,000 psychotherapy patients for bitcoins 🔸 JPMorgan and Goldman Sachs expect the first rate cut by the Fed in July, while Wells Fargo is betting on September 🔸 CZ commented: "I will do my time (in prison), conclude this phase, and focus on the next chapter of my life  🔸 EigenLayer sees over 12,000 queued withdrawals after the community was disappointed by the airdrop announcement 🔸 A solo Bitcoin miner solved a block alone and earned a $218,544 reward ⛏
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