#MarketSentimentToday Another light market correction which | NotAnAngelAtAll on Binance Square

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#MarketSentimentToday 
Another light market correction which gives you the opportunity to buy more coins like #WIF or #SHIB before the #BULL-RUN 
$BTC $ETH $BNB 

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BITCOIN COULD REACH $2.9 MILLION BY 2050? Hey #CryptoSquad ! I just came across an article that got me thinking... According to investment management firm VanEck, Bitcoin could reach a whopping $2.9 million per coin by 2050! Their "base case scenario" envisions Bitcoin becoming a key international medium of exchange and one of the world's reserve currencies. They predict that central banks will hold 2.5% of their assets in BTC, with 85% of BTC being removed from circulation as investors seek its store-of-value properties. The #report also highlights three distinct scenarios: a base case predicting $2.9 million, a bear scenario projecting $130,314, and a bull forecast seeing the price soar to $52.4 million! So, what's driving this optimistic projection? According to #VanEck , it's the anticipated erosion of trust in current reserve assets, fueled by deficit spending and geopolitical developments. They believe that Bitcoin's immutable monetary policy and decentralized nature could position it as a reliable reserve currency, similar to digital gold. However, they also acknowledge several risks that could prevent Bitcoin's growth, including energy demand associated with mining, competitive threats from other cryptocurrencies, technological advancements, and potential regulatory challenges. What do you think? Is this scenario plausible, or is it just wishful thinking? Let me know in the comments! Stay safe out there, folks! $BTC $ETH $BNB

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BTC & ETH PLUMMET TO WEEKLY LOWS! Hey #CryptoSquad ! I've got some not-so-great news to share with you all... Bitcoin's price has plummeted from $67,000 to a weekly low of under $64,000 in the past 12 hours! And Ethereum isn't faring much better, down 8.24% in the past 24 hours to around $3,158. The altcoins are also taking a hit, with many popular ones like DOGE, SOL, BNB, TON, ADA, SHIB, LINK, DOT, and AVAX experiencing significant losses. Even the spot Ethereum ETFs saw substantial outflows of $133.16 million on Wednesday, reversing course from Tuesday's positive flows. The total crypto market cap has shed about $100 billion since yesterday and is now down to $2.420 trillion. And it looks like the bears are still in control... #Investors are likely weighing the impact of Mt. Gox's latest transfers and macro developments, which may be contributing to this market correction. Stay safe out there, folks! #MarketSentimentToday $BTC $ETH $BNB

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ETH ETFs SEE HUGE INFLOWS ON LAUNCH DAY! Hey #ETH fam! I've got some exciting news to share with you all! According to recent reports, the nine spot Ethereum exchange-traded funds (ETFs) from eight issuers saw a whopping $106.7 million in net inflows on their first day of trading! The total trading volume for these ETFs reached an impressive $1.05 billion. #BlackRock⁩ 's ETHA led the pack with $266.55 million in net inflows, followed by Bitwise ETHW's $204 million, Fidelity FETH's $71.31 million, and #Grayscale 's Ethereum Mini Trust with $15.15 million in net inflows. On the other hand, spot bitcoin ETFs saw a total outflow of $77.97 million on Tuesday, ending a 12-day streak of positive flows. It's worth noting that while the trading volume for ETH ETFs was significant, it still lags behind the launch day volumes seen by spot bitcoin ETFs in January. What do you think about this news? Share your thoughts with me! $BTC $ETH $BNB

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SPOT ETHEREUM ETFS GET GREEN LIGHT FROM SEC! #ETFEthereum Hey #ETH fam! I've got some exciting news to share with you all! After weeks of uncertainty, the US Securities and Exchange Commission (SEC) has finally approved the registration statements for several spot #Ethereum exchange-traded funds (ETFs). This means that investors will soon be able to gain exposure to ETH through these ETFs. Firms like 21Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, VanEck, and Invesco Galaxy have received the go-ahead to launch their spot Ethereum ETFs. The Grayscale Ethereum Trust and the Grayscale Ethereum Mini Trust also got the green light on Monday. According to 21Shares' co-founder Ophelia Snyder, this approval marks a significant milestone for the company and for U.S. investors. She believes that this is further proof that crypto as an asset class is here to stay! Fidelity's head of Digital Asset Management, Cynthia Lo Bessette, also weighed in on the news. She said that Fidelity's spot Ethereum ETF will allow investors to gain exposure to ether through thoughtful index and product design supported by a dedicated operations and trading team. The approval of spot Ethereum ETFs is expected to attract lower demand than Bitcoin ETFs, but still has the potential to bring in billions of dollars. What do you think about this news? Share your thoughts with me! $BTC $ETH $BNB

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RIPPLE & SEC: A SETTLEMENT LOOMING? Hey #XRP community! I've got an update on the ongoing legal battle between Ripple and the US Securities and Exchange Commission (SEC). As you know, the #SEC initially sought a massive $2 billion fine from Ripple. However, the regulator has since softened its stance, asking for $102.6 million instead. Some industry participants are speculating that a resolution might be near. The SEC is set to hold a closed meeting on July 25, which may involve discussing the settlement of administrative proceedings and litigation claims. Could this mean a settlement with Ripple? Ripple's CEO Brad Garlinghouse has also hinted at a possible resolution, saying the process may conclude "very soon." However, he didn't confirm whether settlement talks are underway. Lawyers Fred Rispoli and Jeremy Hogan have predicted that a resolution could happen as early as this month or before the end of summer. The case is still pending, but it seems like we might be getting close to a conclusion. Fingers crossed for a positive outcome! Stay tuned for further updates on the #Ripple v SEC front. $BTC $ETH $BNB

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