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🚀Hey there, Bitcoin enthusiasts! Let's take a quick look at the crypto market, focusing on Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. 🔥Ethereum is on fire! After a nearly 30% price surge, it's consolidating around $3,800. The ETF approval news has turned the tide in favor of ETH, and we might see it break the $4,000 resistance soon. 📈Ripple, on the other hand, is playing it cool, moving sideways under $0.54. It's up 3% this week, but we're yet to see a trend. The SEC lawsuit needs to be resolved before we can expect any major moves. 🎯Cardano is trying to hold the fort at $0.46. It's up 2% this week, but the bulls and bears are in a tug-of-war. The momentum is with the buyers, but the sellers aren't giving up easily. 🐕Shiba Inu is flatlining, but that's not necessarily bad news. It means the downtrend has ended, and we might see an uptrend soon. The key resistance is at $0.000025. ⚡Polkadot is wrestling with the $7.6 resistance. It's up 2.7% this week, but it needs to break higher to return to an uptrend. 🔮Looking ahead, the market is somewhat bullish, especially if ETH continues its upward trajectory. So, keep your eyes peeled, folks! 🚀

🚀Hey there, Bitcoin enthusiasts! Let's take a quick look at the crypto market, focusing on Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot.

🔥Ethereum is on fire! After a nearly 30% price surge, it's consolidating around $3,800. The ETF approval news has turned the tide in favor of ETH, and we might see it break the $4,000 resistance soon.

📈Ripple, on the other hand, is playing it cool, moving sideways under $0.54. It's up 3% this week, but we're yet to see a trend. The SEC lawsuit needs to be resolved before we can expect any major moves.

🎯Cardano is trying to hold the fort at $0.46. It's up 2% this week, but the bulls and bears are in a tug-of-war. The momentum is with the buyers, but the sellers aren't giving up easily.

🐕Shiba Inu is flatlining, but that's not necessarily bad news. It means the downtrend has ended, and we might see an uptrend soon. The key resistance is at $0.000025.

⚡Polkadot is wrestling with the $7.6 resistance. It's up 2.7% this week, but it needs to break higher to return to an uptrend.

🔮Looking ahead, the market is somewhat bullish, especially if ETH continues its upward trajectory. So, keep your eyes peeled, folks! 🚀

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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🚀🚀Buckle up, Bitcoin enthusiasts! The crypto market is holding onto its gains, thanks to Ethereum and the US SEC's approval of spot exchange-traded funds. But, here's the twist! Around $1.4 billion in Bitcoin options contracts are set to expire on May 24. 📅💥 While this seems like a big deal, it's actually a small event compared to the $4.3 billion worth of options set to expire at the end of May. The put/call ratio for this week's Bitcoin options contracts is 0.88, which means long and short-contract sellers are pretty evenly matched, with slightly more calls expiring. The max pain point (the price at which most option contract buyers lose their premium) is $67,000. 😱💸 The longs are also dominating in open interest (OI) with around $830 million at the $70,000 strike price. Higher strike prices also have a lot of OI, with around $843 million at $100,000. The $60,000 strike price has the highest amount of OI for put contracts with $388 million. So, the bulls are expecting much higher BTC prices. 🐂💹 In addition to Bitcoin options, there are around 354,000 Ethereum contracts expiring today. These have a notional value of $1.5 billion and a put/call ratio of 0.57 with more calls expiring than puts. Derivatives traders have been speculating on ETH in the run-up to the long-awaited SEC deadline. There is around $515 million in OI at the $4,000 strike price as bulls expect more momentum. 🚀📈 Almost $3 billion in BTC and ETH options will expire today, but the impact on spot markets is usually muted. Total capitalization has dropped 1.3% to $2.68 trillion, primarily due to a 2.3% dip in Bitcoin prices as the asset fell to $67,400. Ethereum faced tons of volatility ahead of yesterday’s decision but now stands calmly at $3,730. 📉📊 The altcoins were a mixed bag with gains for Chainlink (LINK), PEPE, and Ethereum Classic (ETC), but losses for Solana (SOL), Dogecoin (DOGE), and Toncoin (TON). So, will the crypto markets march higher when $1.4B Bitcoin options expire? Only time will tell! ⏰🔮
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