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๐Ÿš€๐Ÿš€ Get ready, BTC enthusiasts! It's been a rollercoaster week in the crypto markets, with Ethereum stealing the limelight. ๐ŸŒŸ Last weekend was calm, but Monday evening shook things up when Bloomberg's ETF experts upped their prediction for the SEC approving spot Ethereum ETFs this week to 75%, from 25%. This sent shockwaves through the markets, with ETH skyrocketing over 20% from $3,100 to a multi-week peak of $3,800. ๐Ÿ“ˆ Bitcoin wasn't left behind, shooting up from $67,000 to a six-week high of almost $72,000 on Monday evening. However, both BTC and ETH failed to maintain their momentum towards the end of the week. The big news was that the SEC had indeed approved eight spot Ethereum ETFs for trading in the US, but both BTC and ETH dropped by more than 4% just hours before the ETFs were greenlighted. ๐Ÿ˜ฎ Despite this, ETH is still one of the top performers this past week, surging by 18%. Other big gainers include BONK (43% up) and PEPE, which charted a few consecutive all-time highs. ๐ŸŽ‰ In other news, the SEC approved spot Ethereum ETFs for public trading, spot Bitcoin ETFs saw strong inflows, and Grayscale CEO Michael Sonnenshein stepped down. Despite all the positive news around Bitcoin, the new addresses count has declined substantially in the past few weeks. ๐Ÿ“‰ So, hold on tight, BTC lovers! It's a wild ride, but we're optimistic about the future of Bitcoin. ๐Ÿ’ช๐Ÿš€๐ŸŒ•

๐Ÿš€๐Ÿš€ Get ready, BTC enthusiasts! It's been a rollercoaster week in the crypto markets, with Ethereum stealing the limelight. ๐ŸŒŸ

Last weekend was calm, but Monday evening shook things up when Bloomberg's ETF experts upped their prediction for the SEC approving spot Ethereum ETFs this week to 75%, from 25%. This sent shockwaves through the markets, with ETH skyrocketing over 20% from $3,100 to a multi-week peak of $3,800. ๐Ÿ“ˆ

Bitcoin wasn't left behind, shooting up from $67,000 to a six-week high of almost $72,000 on Monday evening. However, both BTC and ETH failed to maintain their momentum towards the end of the week. The big news was that the SEC had indeed approved eight spot Ethereum ETFs for trading in the US, but both BTC and ETH dropped by more than 4% just hours before the ETFs were greenlighted. ๐Ÿ˜ฎ

Despite this, ETH is still one of the top performers this past week, surging by 18%. Other big gainers include BONK (43% up) and PEPE, which charted a few consecutive all-time highs. ๐ŸŽ‰

In other news, the SEC approved spot Ethereum ETFs for public trading, spot Bitcoin ETFs saw strong inflows, and Grayscale CEO Michael Sonnenshein stepped down. Despite all the positive news around Bitcoin, the new addresses count has declined substantially in the past few weeks. ๐Ÿ“‰

So, hold on tight, BTC lovers! It's a wild ride, but we're optimistic about the future of Bitcoin. ๐Ÿ’ช๐Ÿš€๐ŸŒ•

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๐Ÿš€BTC enthusiasts, get ready for some action! Today, we're seeing the expiry of around 20,000 Bitcoin options with a notional value of $1.35 billion. But don't fret, the market impact is expected to be minimal as this event is much smaller than previous weeks. ๐Ÿ“‰ However, keep your eyes peeled for June 28, when a whopping $6.7 billion in notional value derivatives are set to expire. Now that's a date to mark on your calendar! ๐Ÿ“† Today's BTC contracts have a put/call ratio of 0.49, meaning twice as many long (call) contracts are expiring as shorts (puts). The max pain point is at $68,500, a tad higher than current spot prices. This is where most losses could occur. ๐Ÿ˜ฌ But don't lose hope, bulls are still ruling the roost in BTC derivatives with almost $1 billion in open interest at the $100,000 strike price. The $75,000 and $80,000 strike prices are also seeing a lot of action with $723 million and $807 million respectively. ๐Ÿ‚ Despite the big macroeconomic data week in the U.S, the crypto market has underperformed, with mainstream coins and altcoins taking a hit. But remember, the crypto market is a rollercoaster ride, so buckle up! ๐ŸŽข In addition to Bitcoin, 200,000 Ethereum options expired today with a put/call of 0.36, a max pain point of $3,600, and a notional value of $710 million. The total market capitalization has remained steady at $2.57 trillion over the past 24 hours. However, markets have been on a retreat with a 7.5% decline over the past ten days. Bitcoin is currently hovering around $67,000 following a fall from around $69,500 earlier this week. Analysts are pointing at Bitcoin miner profit taking as a contributing factor to the declines. So, will today's Bitcoin options expiry send markets lower? Only time will tell. Stay tuned! ๐Ÿ•ฐ๏ธ
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