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🚨HONGKONG HAS JUST APPROVED BITCOIN AND ETHEREUM SPOT ETFs.🚨
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Current Price: 67,392.00 USD 💲 Market Cap: 1,329,513,290,253.54 USD 💰 Volume (24h): 21,746,010,160.05 USD 📊 Trending News Today 1. The crypto community is buzzing with talks about US politicians and their stance on cryptocurrencies, highlighting the varied opinions among potential candidates for Biden's ticket. 2. Speculation is high as some ponder the impact of Donald Trump declaring Bitcoin a strategic reserve, wondering how it might shake up the market. 3. Investors and market analysts are paying close attention to Grayscale's move to launch spinoffs for their Bitcoin and Ethereum trusts, potentially shaking up the ETF space. 4. As Bitcoin enthusiasts watch the charts, an analyst throws in a prediction of an 83% surge in its value, dependent on certain market conditions. 5. The digital currency Solana is outpacing its peers, breaking through the $170 mark and overtaking Bitcoin and Ethereum in weekly gains. 6. With the upcoming Bitcoin Conference on the horizon, experts are predicting an elevation in Bitcoin's price, suggesting the event might push it to a new all-time high. 7. An innovative partnership has brought Bitcoin to French pension plans, giving retirement savers a new way to diversify with digital assets. 8. Latin America is making waves in the crypto scene, with developments such as Bitcoin payment pilots in Mexico and mining shifts from Paraguay to Brazil. 9. After years of anticipation, Mt. Gox creditors are on the edge of their seats, awaiting the return of their Bitcoin from the long-defunct exchange. 10. Despite network outages affecting centralized systems, Bitcoin demonstrates resilience and independence, unaffected by these failures. 11. Enthusiastic projections continue to surface as analysts boldly claim Bitcoin is en route to hit the $100,000 mark. The content is not financial advice; always do your own research. This audio was generated with AI. Subscribe for more updates! And see you in the next episode!
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Solana Upside Model - updated targets With the Ethereal ETF coming next week, this will be an important one to watch. Solana prices as a % of $ETH Market Cap. Logic tells me 33% to 50% this bull run is well justified. Note, this is a dynamic model that changes as ETH Market Cap changes.
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Mt Gox Survey - who would sell???? I had estimated that a maximum of 30% to 50% of Mt. Gox creditors would sell their Bitcoin. According to a survey, it's actually 56%, which isn't too far off. Breakdown of Immediate Selling Intentions Selling 1-25%: 68 creditors (14.6%) Selling 25-50%: 26 creditors (5.6%) Selling 50-75%: 14 creditors (3.0%) Selling 75-99%: 11 creditors (2.4%) Selling 100%: 88 creditors (18.8%) Based on my math, this means no more than 25,389 BTC will hit the market from Mt Gox selling. That is about 26% of the entire bag. That is what Blackrock buys in about 10 trading days at the current buy rate.
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GBTC took in 20.3M to the Positive #Grayscale had its 7th best day ever! ETFs are gonna be great this weekend. Looks like BTC is going to go up.
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The Queen of Insider Trading The Queen of Insider Trading, Nancy Pelosi, just filed new stock trades! JULY 3rd 2024: She bought ~$5 MILLION worth of LEAP CALL options in Broadcom, $AVGO. PS THAT IS A LOT OF CALL OPTIONS. JULY 18th 2024: She knew MSFT and OpenAI was developing a new AI Chip w Broadcom... $AVGO In a proper world this would be illegal. This is also why you will never see a poor politician.
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