Breaking news! The US government transferred $12 million of Ethereum. Is a "Bitcoin-style" sell-off coming?

This month will be a crucial month for Ethereum. The S-1 approval of the spot Ethereum ETF will be announced this month. However, the US government transferred nearly $12 million of Ethereum at this "critical juncture", which makes people wonder if they are going to take advantage of the good news to sell? Is a sell-off similar to last month's Bitcoin coming?

This batch of transferred Ethereum mainly comes from the assets of Estonian cryptocurrency entrepreneurs seized by the US government. They promised investors that cryptocurrency mining can bring high returns, thus defrauding many investors. The Ethereum "confiscated" this time is similar to the sale of Bitcoin last month, both of which came from illegal seizures.

In fact, it is not uncommon for the government to hold and sell. Recently, the German government also transferred 2,700 Bitcoins it held to the exchange, and the US government also transferred 4,000 Bitcoins last month. The amount they transferred is just a drop in the bucket compared to their total holdings. You should know that the US government owns 2,135,340 bitcoins and Ethereum owns 50,524K.

The reason for the market decline cannot be simply attributed to the selling behavior of some governments. Perhaps the amount they sold is not as good as some "whales". For Ethereum this month, I am generally optimistic. First of all, the approval of the spot Ethereum ETF is a sure thing, and more institutional funds will enter the market at that time.

Secondly, I am optimistic about the entire Ethereum ecosystem. As the strongest smart contract, it has the most applications and rich business roadmaps. I also believe that Vitalik has the ability to bring Ethereum to a new height.

Finally, if the future is bound to reach a far distance, aren't these little pullbacks and some negatives your opportunities to get on board? In order to control the retracement, you can use the fixed investment strategy.

#ETH🔥🔥🔥🔥 $BTC $ETH

To become a millionaire, you need to discover potential industry narratives earlier than others. In 2024, I think the following 5 "narratives" will give you 100x returns:

①Gamefi
②RWAs
③DePIN
④SocialFi
⑤AI

I will pick 25 altcoins with huge potential and market capitalizations ranging from $10 million to $1 billion.

1. Gamefi

@AxieINfinity ($7.79)
Market value: $1.006 billion

@BuildOnBeam ($0.01823)
Market value: $922 million

@Ronin Network ($2.25)
Market value: $642 million

@NakamotoGames ($1.36)
Market value: $109 million

@MOBOX ($0.3294)
Market value: $86 million

2. RWAs

@Synthetix ($3.28)
Market value: $997 million

@ribbonfinance ($0.4784)
Market value: $258 million

@Chromia | Power to the Public ($0.2358)
Market value: $185 million

@oraichain ($6.26)
Market value: $148 million

@tokenfi ($0.0269)
Market value: $128 million

3. DePIN

@Sia__Foundation ($0.01189)
Market value: $260 million

@Arweave Ecosystem ($9.78)
Market value: $1.9 billion

@akashnet ($2.82)
Market value: $898 million

@Ocean Protocol ($0.4283)
Market value: $396 million

@SentinelVPN ($0.001449)
Market value: $25.87 million

I will share this here today. I will share high-quality altcoins related to AI and Socialfi later. Please follow me and don’t miss it!

#山寨币热点 #Depin赛道 #GameFi #RWA赛道

Next week, the Federal Reserve will have three major events, which may affect the trend of Bitcoin. All coin friends should pay attention:

First, the PCE core price index was released this Friday. The expected value was 2.6%, and the released value was 2.6%, which was in line with expectations. It cannot be said to be completely positive, but it also shows that the inflation data is still high and has not declined. In the current market environment, there is no big positive, and neutral is considered negative.

Next week, three major events will happen

First, Federal Reserve Chairman Powell will deliver a speech. His speech to a certain extent represents the Federal Reserve’s short-term attitude towards interest rates. It is very important to pay close attention to it. Whether Bitcoin continues to go sideways is also affected by this.

Second, the US ADP employment in June will be released at 20:15 next Wednesday night. This data is known as the "small non-agricultural". If the labor market cools further, it is expected to boost the Fed’s confidence in cutting interest rates.

Third, the US non-farm payrolls for June will be released at 20:30 next Friday night. The last data released was 275,000, much higher than the expected 200,000. Then the trend of Bitcoin plummeted. This time it is expected to return to normal and will not exceed expectations.

In addition to several policies and speeches of the Federal Reserve next week, there is also the Mentougou incident. For the selling pressure of Bitcoin worth $9 billion, the first physical compensation will also be ushered in in early July, and the impact on the market is worrying.

In terms of positions, everyone should be careful not to be too heavy, the leverage multiple of the contract should be reduced, and do not blindly buy the bottom. Wait until the Mentougou incident falls on July 10.

Okay, click to follow, I will share the hot events in the currency circle as soon as possible.

#Mt.Gox将启动偿还计划 #美国5月核心PCE物价指数年率增幅创2021年3月以来新低
$BTC

95% of the projects will "die", and only a very small number of projects will bring you 50-100 times the return. Check out the list of the 8 best DePIN+AI projects in 2024:

The connection between DePIN and AI is very close, and these two fields are considered the backbone of the crypto field. Over the weekend, I deeply studied more than 300 DePIN+AI companies. Today, I carefully selected 8 projects that may grow 100 times, and now I will share them with you:

1) @helium-$MOBILE
Market value: $125 million
FDV: $337 million

Helium Mobile is a wireless phone service that uses a decentralized crypto network to provide cellular services.

2) @origin_trail-$TRAC
Market value: $313 million
FDV: $386 million

Origin Trail is an ecosystem that builds a trusted knowledge infrastructure for artificial intelligence.

3) @nosana_ai - $NOS

Market Cap: $262 million
FDV: $315 million

Nosana is a blockchain-based open-source cloud computing market dedicated to AI reasoning.

4) @Theta_Network - $THETA

Market Cap: $1.5 billion
FDV: $1.5 billion

Theta Network is a decentralized video streaming network powered by blockchain technology.

5) @SleeplessAI Labs - $AI

Market Cap: $93 million
FDV: $716 million

Sleepless AI is a web3 gaming platform that uses AIGC and LLM to create diverse experiences, allowing players to interact with virtual characters like real people.

6) @OxOexchange - $OXO

Market Cap: $187 million
FDV: $187 million

OxO.ai is a platform focused on privacy, advanced AI-based security tools, and a unique revenue sharing model.

7) @FortaNetwork-$FORT

Market value: $80 million
FDV: $186 million

FORT tokens are ERC-20 tokens that run on the Ethereum network.

8) @The Graph -$GRT

Market value: $2 billion
FDV: $2.3 billion

Graph is an indexing protocol and global API that aims to organize blockchain data while making it easily accessible through GraphQL.

Okay, originality is not easy, click to follow. DePIN+AI This round of bull market has a strong narrative and imagination, and there is huge room for growth, which is worth understanding.

#Depin赛道 #AI板块强势进击

Last night, there was a sudden good news! Is there a chance of a rate cut?

Just last night, the United States released the PCE core price index for May. Before the release, I reminded everyone that the expected value was 2.6%. Lower than expected is good news, and higher than expected is bad news. Fortunately, the data released was exactly 2.6%, which was in line with expectations.

After the data was released, the Fed's expectations for rate cuts increased. The probability of keeping the interest rate unchanged in August was 89.7%, and the probability of a 25 basis point rate cut was 10.3%. The probability of keeping the interest rate unchanged by September is 34.1%, the probability of a cumulative 25 basis point rate cut is 59.5%, and the probability of a cumulative 50 basis point rate cut is 6.4%.

However, judging from the recent statements of many Fed officials, there is still uncertainty about whether there will be a rate cut this year.

The Fed's goal is to keep inflation below 2%, which is still slightly higher than this number. Moreover, if inflation remains stable or declines slowly, interest rates will need to remain at a higher level for a longer period of time.

For the trend of Bitcoin, the interest rate cut is only one of the factors affecting it. If the Mentougou incident is really compensated, the selling pressure will still be considerable; Bitcoin spot ETF funds, Grayscale and Fidelity have both had a net outflow of a lot of coins recently; in terms of stablecoins, the current stablecoins of the exchange have fallen to the lowest value in February, that is, although Bitcoin broke a new high in March, the amount of funds in the market has not increased.

During this period, the overall market is in a "chaotic" state, watch more and operate less, control the position not more than 50%, and wait for a big opportunity before taking action.

#美国5月核心PCE物价指数年率增幅创2021年3月以来新低
#美联储何时降息？ #Mt.Gox将启动偿还计划
$BTC

Latest news! Tonight, the Federal Reserve will release important data. Will Bitcoin usher in a reversal of difficulties?

Tonight at 20:30, the much-anticipated US PCE data for May will be released. As of press time, the three major US stock indexes rose before the market opened, and more analysts believe that the PCE data released tonight will increase expectations of interest rate cuts!

PCE is usually more representative of whether US inflation is suppressed than CPI. The current market expectation is 2.6%. If the published data is lower than 2.6%, it is positive, and higher is negative. The good news is that the CPI and PPI that have been released show that inflation has cooled down, so the PCE released tonight is likely to be positive.

For Bitcoin's market this week, there is an urgent need for a positive to boost the price of the currency, otherwise it will be sideways for too long near $60,000 and it is very likely to fall below $60,000! As the saying goes, "sideways for a long time will fall"!

Other negative factors include: the selling pressure of compensation in Mt.Gox, the net outflow of funds from Bitcoin spot ETF, and the on-chain data that more than 4,000 Bitcoins flowed into Binance Exchange yesterday, which are all bearish.

Therefore, be careful and pay attention to whether Bitcoin will rise and fall if the PCE data is positive. Do not exceed 50% in the position, keep enough cash and wait until the "panic" falls out before taking action.

#Mt.Gox将启动偿还计划 #美联储何时降息？ $BTC

Solana ETF application has been submitted! The SOL ecosystem is about to explode, and these three tokens are expected to rise 10-20 times

According to Bloomberg analyst James Seyffart, VanEck has submitted the first SOL ETF in the United States. He predicts that if the White House changes government and the SEC changes people by the end of the year, then the relevant application is very likely to be approved.

Solana has always been the strongest competitor of ETH. It can process transactions quickly and cheaply, and its user experience is more advantageous than Ethereum. However, for the approval of Solana ETF, the road ahead may not be so bright. First of all, whether Sol is defined as a security remains to be discussed; secondly, SOL's on-chain income can reach about 8%, and ETFs have management fees and prohibit staking, so holding Sol ETF is equivalent to naturally underperforming the 8% on the Sol chain.

However, whether it passes or not, it will definitely be hyped, and the market has already shown that 3 Solana ecosystem tokens are in focus:

1) $WIF
Coin price: $2.05
Market value: $2 billion

Solana's star dog Meme coin, Dogwifhat is a cryptocurrency based on a popular Internet meme, inspired by a Shiba Inu wearing a knitted hat.

2) $BONK
Coin price: $0.00002333
Market value: $1.584 billion

BONK is one of the premier Meme coins on the Solana chain, and its vibrant community culture is one of its features. Developers describe it as "born for the people, by the people."

3) $JUP
Coin price: $0.8309
Market value: $1.122 billion

Jupiter is a decentralized cryptocurrency exchange based on the Solana ecosystem. It aims to replace centralized exchanges with a simpler system, prioritizing the trader's experience.

Well, originality is not easy, please give me some attention, 🚀🚀🚀

Heavy data released late at night! Good news from the Federal Reserve, will Bitcoin be stable in July?

Tonight, the United States announced the final value of the PCE price index in the first quarter of 3.7%, which was estimated to be 3.6% and revised to 3.6%. The GDP in the first quarter was 1.4% month-on-month, which was estimated to be 1.4%. Neither of these two values ​​exceeded expectations, so it will not hinder the process of interest rate cuts at the end of the year.

In addition, another Fed official, Bostic, spoke and said: There may be a rate cut in the fourth quarter of this year. It is expected that there will be four quarterly rate cuts in 2025, each of 25 basis points. It is hoped that before the first rate cut, it will be "absolutely certain" that the inflation rate will return to 2%, which should be regarded as the first step in a series of rate cuts.

As soon as the news came out, Bitcoin broke through $62,000, and Ethereum rose by 2%, but then Bitcoin fell below $62,000 again, which shows that the market believes that this news is good, but not much good.

I am optimistic about the market in July. I have analyzed it for you before. In the history of Bitcoin, the probability of rising in July is 63.64%, and only in 2015 and 2017, it fell. In other years, July rose.

In addition, July is a policy window month, and it is not easily affected by news and policies.

Tomorrow morning is the first speech and debate between Trump and Biden. I personally prefer Trump. First, he is more topical and has his own Meme attribute. Second, he is more supportive of cryptocurrency. Let's wait and see tomorrow morning.

Okay, I will share it here tonight. I hope everyone will pay attention. I have been writing original works for two months and have received support from many friends. Your attention is my motivation to stick to it. Thank you again!

#美国PCE数据将公布 #美联储何时降息？ $BTC
$ETH

Tomorrow morning, the shoe drops!

According to the rules announced by CNN, the first debate will last 90 minutes, with two advertising breaks in between. This is the first debate, so the topic is bound to be intense.

This debate also marks the official opening of the US election drama in the second half of this year, which mainly has three stages:
The first stage is the internal conferences of each party from July to August to determine their respective combinations and platforms;
The second stage is the formal three rounds of presidential debates from mid-September to October;
The third stage is the voting results in November.

#大选概念 #特朗普拜登

Things are not going well! The Fed may not cut interest rates this year. The test results of US banks are revealed. Is Bitcoin hanging this year?

At 4:30 am today, the Federal Reserve announced the results of its annual banking stress test, confirming that all large US commercial banks have successfully passed the test.

This result shows that the current high interest rate environment has not caused a serious impact on the banking industry, but has provided more room for operation for US fiscal policy.

First, let me explain what "bank stress test" is? This originated in 2010. The purpose is to assess the risk resistance of the banking industry under extreme economic conditions, simulate a severe economic recession, and test whether banks have enough capital to maintain operations and continue to provide credit support to the real economy.

Especially after the Silicon Valley Bank incident, US regulators have taken a series of measures to stabilize the financial system. The test results this time are strong, so there is more room for monetary policy.

If the interest rate cut fails, it may mean that the global financial market will continue to face a strong dollar, which is another bad news for Bitcoin.

Coinbase's stock price has also been falling for two consecutive weeks. Bitcoin has been hovering around $60,000 this week, anxiously choosing a direction. Once it falls below $58,000, it may go further down.

Don't fill your position, don't rush to buy at the bottom, have some cash in hand, and then make a move when the market is extremely panic!

#美联储何时降息？ #BTC走势预测 $BTC

4 reasons to tell you why the Nasdaq keeps hitting new highs, but Bitcoin is silent?

If we only compare the growth from the beginning of the year to date, the Nasdaq has risen by 18% and Bitcoin has risen by 53%. Bitcoin has risen a lot, but most of the growth of Bitcoin is concentrated before March, which means it opens high and closes low. On the other hand, the Nasdaq index has set a new record high for a week in a row, and the holding experience is much better.

So, what causes Bitcoin's "opening high and closing low"?

There are mainly 4 reasons:

1) Digestion of the Bitcoin halving event

As the saying goes: buy expectations and sell facts. Generally speaking, the price of coins is hyped a few months before the halving, but after the halving, the market will enter a few months of flat trading, whether it is for Bitcoin or other investment targets. After the event, the good news is exhausted and it returns to calm.

2) Bitcoin spot ETF fund outflow

Last week was the week with the most serious net outflow of Bitcoin spot ETF, with an amount of US$620 million. The short-term net outflow of funds from spot Bitcoin ETFs also contributed to the negative sentiment in the market and affected the price trend of assets.

However, the Ethereum spot ETF is about to be approved in July, which may bring good news for Bitcoin.

3) Selling pressure from the Mt.Gox incident

Although there are constant voices saying that the selling pressure of Mt.Gox has been over-interpreted, the repayment concerns around 142,000 Bitcoins still exist, which may limit liquidity because most traders will not choose to deploy at a time of high uncertainty.

4) Miners sell their positions

Although the Bitcoin halving limits the number of new Bitcoins that mining companies can create and sell, most mining companies still hold a large amount of Bitcoin reserves. From the beginning of the year to date, mining companies have sold about $300 million worth of Bitcoin reserves.

In summary, although Bitcoin does not seem to be as high as the Nasdaq index, it is still a very good investment product. What is currently missing is a big narrative, similar to the US stock market with Nvidia and AI artificial intelligence. Be patient, there will be hope in the second half of the year, and it will not be bad.

#以太坊ETF批准预期 #BTC走势预测 $BTC $ETH

Breaking news! Three pieces of bad news happened before going to bed. Bitcoin repeatedly spiked, which may affect tomorrow's trend!

The trend of Bitcoin in the past two days can be described as a "roller coaster", from 64,000 US dollars to 58,000, and then rebounded to 62,000, and now reported 61,600. The horizontal jump of the market is mainly affected by multiple news.

Before going to bed tonight, there are three pieces of bad news:

1) The German government transferred 595 bitcoins to the exchange, and the German government has sold more than 2,000 bitcoins in the past few days. This is undoubtedly "adding insult to injury" to the already pessimistic market. Funds are the lifeline. Without running water, the price of the currency is difficult to rise. Pay close attention to the inflow and outflow of ETFs.

2) Federal Reserve Board member Bowman reiterated that inflation will remain high for a period of time, and it is not appropriate to cut interest rates at present.

There is no important economic data released this week, but there are speeches by Federal Reserve officials, and the speaker's speech preferences will affect the direction of Bitcoin.

3) The clearing mechanism of the derivatives market has also magnified the market's downward trend to a certain extent.

As the price of Bitcoin declines, long positions in the derivatives market begin to come under pressure. When the price falls below the trader's stop loss, their positions will be forced to close. This forced liquidation will further drive the market's downward trend and form a vicious cycle.

The crypto circle in June was not calm, and there were obviously more negative news. However, looking back at history, perhaps every round of decline is an opportunity to reverse and "pick up gold".

#BTC走势预测 #美联储何时降息？ $BTC

Unexpected bad news! Fed's Bowman "hawkish", zero interest rate cut in 2024, how will Bitcoin go?

Fed Governor Bowman said in a speech in London today that there are currently multiple upward risks to inflation, and the high interest rate environment needs to be maintained for some time. He believes that there will be no interest rate cut in 2024, and the Fed should postpone the interest rate cut to 2025.

Bitcoin has been so weak in recent days, and the "hawkish" voice has been released, which is really adding insult to injury. There are no important economic data released this week, mainly speeches by Fed officials. The current view of this one is to postpone the interest rate cut, and the attitudes of several other officials can be observed.

The Fed is best at "expectation management". Whenever you think the probability of a rate cut is increasing, a speech will give you a "hit on the head". But when you are pessimistic and think that the rate cut is really going to be postponed, you will often come out to praise the successful suppression of inflation. Then, both the stock market and cryptocurrency will fluctuate greatly accordingly.

As for Bitcoin, it is indeed in a weak state now. I have sorted out the negative news for you. One is the concern about the Mentougou incident, but the selling pressure is overly worried. The other is the lack of liquidity. There is no new capital entering the market. The Bitcoin ETF has also had a net outflow for more than a week. I think the latter is the root cause of the recent weakness.

In fact, we can still look forward to the entry of new funds. In early July, it was rumored that the Ethereum ETF will be approved, and institutional funds will definitely "buy, buy, buy" at that time.

Well, in short, the opportunities are greater than the risks at present. Don't be thrown off the car. Hold on to your chips, especially Bitcoin, Ethereum and platform coins.
#美联储何时降息？ $BTC $ETH #BTC走势预测

The reason for the sharp drop in Bitcoin has been found? The compensation plan for the 10-year Mt. Gox incident has been released, and the repayment plan will be advanced to July!

Today, according to Twitter blogger Mark Karpelès, the compensation plan for Mt. Gox's Bitcoin and Bitcoin Cash has been released, and repayment will start in early July. You should know that the Mt. Gox incident owed 142,000 Bitcoins and 143,000 Bitcoin Cash, as well as 69 billion yen.

Assuming that the current market price of $61,000 per coin is used, the compensation amount exceeds $8.7 billion. The market fell sharply today, and I think some panic funds must have fled in advance, worried about the selling pressure of Mt. Gox in July.

However, there is also a rumor that the compensation will not be paid according to the market price at that time, but will be based on the value of Bitcoin in 2014, which is $483, and it will not be based on the number of lost Bitcoins, but converted into cash and repaid through PayPal, which will last until October 31.

If this is the case, it is a big boon for the entire market. Losing the dollar is better than losing Bitcoin. However, the source of the news is a Twitter account with only 10,000 followers. I don't know if it is true or not. Let's continue to observe.

Okay, click to follow and share hot news as soon as possible!

#MtGox钱包动态 #BTC☀ $BTC $BCH

Heavy analysis! Bitcoin is about to fall to $50,000, and the price trend forms an "M double top" structure!

According to the technical structure, Bitcoin seems to be moving out of the classic "M double top" structure and is testing the support level. In this case, it is easy to fall to $50,000 or even $45,000.

From a macro perspective, whether it is the probability of interest rate cuts, the general election, or the Mentougou incident, these all more or less affect the trend of Bitcoin. It can be said that there are more negative events than positive ones.

But this year is different. This year is the first year that institutional funds have officially entered the market. Bitcoin spot ETF and the Ethereum ETF that will be approved soon are both real entry funds, so keep your composure, be patient capital, and get through it!

#BTC走势预测 #美联储何时降息？ $BTC

Two reasons to tell you that Bitcoin will never fall in July! Poor May, desperate June, and a turnaround in July are indeed not groundless!

Reason 1:

1) From the historical data, see Figure 1, the probability of Bitcoin rising is 63.64%;

2) July is the middle of the year, so the probability of reversal is the highest compared to June;

3) The two times that there was no reversal from June to July occurred in 2015 and 2017, and other years were rising. In other words, Bitcoin has never had a history of falling for two consecutive months in June and July.

Of course, this sample data is only for 11-12 years, for reference only.

Reason 2:

July is the policy vacuum month of the Federal Reserve.

The Federal Reserve's FOMC interest rate meeting is usually held every 6 weeks or so, so some months will be skipped to form a policy vacuum month.

The next FOMC interest rate meeting of the Federal Reserve will be on July 31, Eastern Time, and August 1, Beijing Time. There are basically no important monetary policy announcements in July.

However, it is not ruled out that the speeches of other officials such as Powell will also affect the market, but compared with the FOMC meeting, the influence is definitely smaller.

In summary, perhaps each reason is not sufficient when viewed alone, but when combined, the winning rate is always high. Be bullish in July and have more confidence. Don't be thrown off the bus at this time, let alone cut your losses and throw away your chips.

#美联储何时降息？ #BTC走勢分析 $BTC

Buy these 3 cryptocurrencies at the bottom to get a 100x increase in this bull market

1) $TON
Backed by telegram with 900 million users, TON has performed very well in cryptocurrencies, ranking 9th in market value among all cryptocurrencies, with a TVL of $609.78 million.
Eight days ago, TON hit a new high of $8.25, which is remarkable among a number of altcoins that have experienced a deep pullback.
Despite this, the token has surged 7.4% in the past 14 days. In addition, market sentiment on TON remains bullish, with a Fear and Greed Index reading of 71 (Greed). The token continues to trade above its 200-day simple moving average.

2) $MKR
Maker is the governance token of MakerDAO and the Maker protocol, used to vote on the organization's operational decisions. Both are based on the Ethereum blockchain and allow users to create and trade DAI legal-collateralized cryptocurrency.

MakerDAO recently added a direct deposit DAI module (D3M) to Spark's MetaMorpho Vault, creating a decentralized financial system. This will enable Spark to provide 500 million DAI to Ethena's USDe/sUSDe market pegged to DAI.

Currently, MKR is priced at $2,381, and the token's fear and greed sentiment is currently neutral, with a fear and greed index reading of 71 (greed).

The current market capitalization is $2.216 billion, with a 24-hour trading volume of 130 million.

3) $NOT
Notcoin is a free and easy-to-play Telegram game that allows you to easily enter the Web3 world by tapping the screen to earn coins. Since its launch on January 1, 2024, Notcoin has become one of the most popular channels on Telegram.

The community is extremely popular, with more than 30 million participants, more than 6 million members in the Telegram group, and 5 million daily active users. It is also favored by Telegram, which has 1.3 billion users. NOT token is the first "high-quality" token in the TON ecosystem, attracting much attention from investors and strongly supported by the $TON ecosystem and Binance.

Investment is risky, so be cautious when entering the market. My sharing is just one person's opinion and is for reference only.

If it is helpful to you, please give me a thumbs up. I will share more valuable content later.

$MKR $NOT $BTC

Ethereum has two explosive news! It may affect the trend in July. Will it reach $4,000?

According to the latest news from Bloomberg, banking giant Standard Chartered Bank is setting up a trading platform for Bitcoin and Ethereum. This move will make it the first banking giant involved in crypto assets.

Although Standard Chartered Bank is a traditional institution, it has always been positive and open to cryptocurrencies. It has predicted that Bitcoin will reach $150,000 by the end of the year. It also believes that Bitcoin will benefit from Trump's election, so the price will be further pushed up and will reach $200,000 by the end of 2025.

More and more large financial institutions are beginning to be bullish and long on Bitcoin and Ethereum. The United States has launched a Bitcoin spot ETF, and Hong Kong has launched Bitcoin and Ethereum spot ETFs. In just half a year, Hong Kong's Bitcoin ETF has bought nearly 4,000 Bitcoins.

The second good news is that Ethereum developer Consensys said that the U.S. Securities and Exchange Commission (SEC) has ended its investigation into whether Ethereum's Ether is a security. This means that there will be no more allegations that Ethereum ETH sales are securities transactions.

As for when the Ethereum ETF will be approved, SEC Chairman Gensler predicted that the Ethereum ETF will be approved before September. Previously, the SEC approved the 19b-4 applications of 8 companies. Next, it only needs to wait for the S-1 application to be approved before it can be traded on US exchanges.

For July, I am generally optimistic, especially for Ethereum. With the trend of Bitcoin spot ETF after approval, Ethereum will definitely not be bad. Well, originality is not easy, remember to pay attention, and accompany you to slowly get rich on the bull market!

#以太坊ETF通过 #美联储何时降息？ $ETH

Will Bitcoin fall to $50,000 in July? Or will it break through $80,000? Wall Street has already had the answer!

From the macroeconomic data, the data released earlier this week were weaker than expected, which should have boosted the Fed's expectations for a rate cut in September, but Friday's PMI data showed that overall business activity was still resilient, which immediately put out the "flame" of a rate cut in September.

The current Bitcoin is still around $65,000, which is the middle price of the past three months of consolidation. At present, it is stable near this price range, but there are also two negative factors.

First, the ETF had a net outflow of $545 million this week, and it has been outflowing for 8 consecutive trading days, showing that investors' risk aversion is getting worse.

Second, the Mentougou incident, the 10-year Mt.Gox "plot" is coming to an end, and the current payment deadline is set at October 31, 2024. There may be billions of dollars worth of Bitcoin selling pressure.

Will Bitcoin fall below $60,000 in July, pull back to $50,000, or usher in a reversal breakthrough and rush to $80,000?

I think there is a high probability that there will be signs of bottoming out and the current pullback is also in preparation for the next breakthrough. Wall Street analysts also said that although Bitcoin bulls are exhausted, they have done a good job in defending key support. The market is waiting to break through the $66,000 level. Once it stands firm, the upward momentum is in sight and the reversal will come.

Originality is not easy, remember to pay attention, and slowly get rich on the road of encryption.

#BTC走势分析 #美联储何时降息？ $BTC