**Hong Kongâs Bitcoin ETFs Hit HK$2 Billion Milestone**
Hong Kong's cryptocurrency investment scene is booming! The city's Bitcoin exchange-traded funds (ETFs) have now surpassed HK$2 billion ($256 million) in total asset management. This marks a significant milestone, reflecting growing interest in digital assets despite a slower start compared to the US.
- **Weekly Inflow:** The three spot Bitcoin ETFs in Hong Kong saw a net inflow of around 247 BTC this week, boosting their total holdings to about 4,450 BTCâa 5.9% increase.
- **Dominant Players:** China Asset Management and Harvest Asset Management, in partnership with OSL, dominate the market with HK$1.337 billion in assets, over 63% of the total. The third ETF holds HK$776 million.
- **Market Comparison:** Despite recent gains, Hong Kongâs Bitcoin ETFs lag behind US counterparts. Initial asset inflows were modest at $14 million compared to billions in the US.
Hong Kong's unique in-kind ETF creation model offers potential, but the city still has ground to cover to match US market enthusiasm.
âȘïž Vitalik Buterin stated that Ethereum has become stronger:
1ïžâŁ Transaction fees on L2 have dropped below $0.01.
2ïžâŁ Two L2 networks compatible with EVM â Optimism and Arbitrum â are currently in their first stage.
3ïžâŁ The user experience with cross-L2 wallets has significantly improved (e.g., no longer needing to manually switch networks), although thereâs still room for perfection.
4ïžâŁ Far more powerful and mature ZK tools are simplifying life for application developers.
5ïžâŁ Second-generation privacy tools are beginning to emerge (e.g., 0xbowio).
6ïžâŁ The ecosystem for identification, reputation, and credentials has become much stronger and is actively being used.
7ïžâŁ Progress in STARKs (Scalable Transparent Arguments of Knowledge) provides a clearer vision for long-term security and decentralization.
8ïžâŁ There's now more clarity regarding the account abstraction roadmap.
9ïžâŁ There's also more clarity regarding the ultimate goal of block construction (it seems the choice has narrowed down to FOCIL + APS vs. multi-proposers).
đ Staking decentralization is stable (see the comparative diagrams below; the claim that "PoS is more centralized than PoW" has been completely disproven).
đȘ The fundamental foundations of Ethereum are incredibly strong right now.
#CryptoMarketMoves #Write2Earn! #BTCâ #LowestCPI2021 #BinanceLaunchpoolDOGS $ETH
{spot}(ETHUSDT)
$BTC
{spot}(BTCUSDT)
$BNB
{spot}(BNBUSDT)
Bitcoin Bull Run Imminent? đ Analysts Weigh In!đ€Żđ„đ
Crypto analysts are buzzing with excitement as Bitcoin (BTC) price teeters on the brink of a massive breakout! đ€Ż According to the experts, the downtrend in the cryptocurrency market has finally ended, and BTC price movements are hinting at a potential bull run. đ
Crypto analyst Ali Martinez suggests that the bear-bull indicator has turned bullish, triggering a rise in BTC. đ The Fed's signals for a rate cut have also given BTC a boost, pushing it to touch the $62,000 level. đž
Although BTC couldn't break the $62,000 resistance, it has remained above $60,000, turning this price level into a support point. đ Analysts predict that if BTC stays above $60,000, it could soar to its all-time high! đ
UToday suggests that if BTC breaks the $62,000 resistance, it will target the next resistance point of $63,000. đ Kraken analysts warn that if BTC doesn't break the $62,000 resistance, the price could plummet to $49,000. đš
The stakes are high, but analysts are optimistic. If Bitcoin rises above $62,000 with strength, it will likely target a new all-time high! đ€© What do you think? Is the Bitcoin bull run imminent?
Share your thoughts! đŹ
Potential Bitcoin Dump After Surge to $64000
Bitcoin recently surged to $64,000, but I anticipate a brief pullback to around $60,000 due to profit-taking. This temporary dip is likely as traders secure gains from the surge. The $64,000 level is significant, making it a key point for selling pressure. Technical indicators also suggest resistance at $64,000 and support around $60,000. I plan to sell near $64,000 and re-enter around $60,000-$62,000. This strategy aims to take advantage of the expected dip before the next upward move. Always be cautious, as markets can be unpredictable $BTC
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
$BTC $ETH $BNB
[VOTE AND GET 5](https://app.binance.com/uni-qr/cpro/WA7EED700?l=en&r=458798780&uc=app_square_share_link&us=copylink)
How does the US Federal Reserve work?
The US Federal Reserve operates and makes decisions independently of the US government and the president. However, its operations are subject to oversight by the US Congress and are expected to be consistent with national economic policy. The main responsibilities of the Federal Reserve are:
Issuing the US dollar, regulating its value, and setting the Federal Reserve interest rate.
Implementing monetary policy to achieve maximum employment, price stability, and interest rates.
Supervising the Federal Reserve Banks and maintaining the stability of the financial system.
Regulating banks, financial institutions, and financial markets to protect consumers.
Providing financial services to depository institutions, the government, and foreign official institutions.
{future}(BTCUSDT)
{future}(ETHUSDT)
{future}(BNBUSDT)
#BTC #ETH #SOL #LINK #XRP
Top 5 Undervalued Altcoins Under $1 with 100x Potential in July.
The cryptocurrency market has undergone significant corrections, creating opportunities to invest in undervalued altcoins. As Bitcoin stabilizes above $60,000, here are five promising altcoins priced under $1 that could offer substantial returns.
1. **Ripple (XRP)**
XRP, known for enabling cost-effective cross-border payments, has dipped to $0.475 due to market corrections and ongoing legal challenges. With its dynamic support level intact since March 2020, XRP has the potential to rebound and target $2, offering significant growth opportunities.
2. **BONK (BONK)**
BONK, a meme cryptocurrency on the Solana blockchain, dropped from $0.000044 to $0.000018 during the market correction. Currently trading at $0.0000228, it shows strong reversal potential and could rally to $0.0001, driven by its community and overall market recovery.
3. **Graph (GRT)**
Graph, a protocol for indexing blockchain data, has corrected to $0.27 from a high of $0.49. Holding above its $0.27 support level, GRT is poised for a potential breakout that could end the correction trend and lead to significant gains, making it a valuable pick under $1.
4. **Oasis Network (ROSE)**
ROSE, a privacy-focused blockchain, has reversed from its support level of $0.082, now reaching $0.09. Historically, the platform's support trendline has been a strong accumulation point, suggesting that ROSE could rally to $0.13 and potentially $0.18.
5. **Polygon (MATIC)**
Despite a challenging start to 2024, MATIC, an Ethereum scaling solution, is currently trading at $0.55. With strong support around $0.50-$0.493, a rebound could see MATIC challenge resistance levels at $0.76 and higher, positioning it as a key altcoin to watch.
These altcoins are currently undervalued and could offer substantial gains. However, always conduct your own research and consult with financial advisors before making any investments.
URGENT UPDATE REGARDING $FTT $ENA $MEME
đ [VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw) đ1ïžâŁ FTT (FTX Token)
Critical Surge: FTT has plummeted from its previous high to $1.57, indicating strong negative sentiment.
Failed Bounce: Recent attempts to rebound were unsuccessful, failing to break through the crucial resistance and support zone.
Breakout Required: For a bullish continuation, FTT must surge above $1.57 and close above $1.60. Otherwise, a bearish outlook persists.
2ïžâŁ ENA (Ethena)
Higher Liquidity: ENA boasts higher liquidity than FTT, despite its negative sentiment.
Potential Upward Movement: Anticipate possible gains post-news or tomorrow, with the RSI 4H indicator remaining positive.
Breakthrough Target: A surge above $0.35 could trigger further gains, targeting the $0.40 area.
3ïžâŁ MEME (MEME Memecoin)
Bullish Outlook: MEME is currently bullish, aiming for the $0.014 region and the $0.011 support.
Critical Support: It recently touched the $0.01100 area, a critical support level.
Positive Close Required: A close above 4H with $0.01200 would be positive; otherwise, prepare for further downside.
(Support us vote for me go to my profile and vote đ)
đIf you like our work go to profile vote for us daily to win this creator award. Your generous vote empower us to work more harder, providing you with the best investment advice. They fuel our mission to deliver high-quality content, helping you make informed decisions. Thank you for your support! đ
#BTCâ #Write2Earn! #BinanceTurns7#CryptoMarketMoves #BinanceLaunchpoolDOGS
Mining has always been an issue for crypto fanatics, but right now itâs becoming easier through this protocol.
@Yidocy_Plus makes Bitcoin mining effortless for all with the innovative Hash-Fi (Hashrate Finance) approach
In El Salvador, about $30M worth of $BTC have been mined, this shows thereâs future for miners again
This protocol essentially lets you stake and earn authentic returns from Bitcoin mining and other Proof-of-Work rewards, acting like you possess actual Bitcoin hashrate without the hassle of purchasing mining shares!
For more information, check out their website::
$SUN
đ [VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw) đ
SUN has experienced a significant price surge, rising from a recent low of 0.022 to a recent high of 0.041, representing a gain of over 60%.
Key Levels:
- Support: 0.022 (recent low)
- Resistance: 0.041 (recent high)
The short-term trend has turned strongly bullish, with a clear break above the previous resistance level. The price is currently trading near the recent high, indicating a strong positive trend.
Technical Indicators:
- Relative Strength Index (RSI): 80 (overbought territory)
- Bollinger Bands: Expanding, indicating increased volatility
Summary:
SUN is experiencing a strong bullish trend, with a rapid price increase in a short period. While the RSI is in overbought territory, suggesting a potential pullback, the price may continue to rise if the momentum remains strong. Traders should watch for a potential pullback to 0.035 before considering further long positions. The next resistance level to watch is 0.050.
#BTCâ #Write2Earn! #BinanceLaunchpoolDOGS
#SUN/Usdt #MtGoxRepayments
As I mentioned earlier, the market would recover from its tradeline support, and my expectation was that the market could recover up to 62k, after which we would see a rejection. However, the current situation is indicating something different, and the market has already broken out of the 62k range. I suspect the market might pump further from here and reach up to 66k to 67k
{spot}(BTCUSDT)
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Best Solana gems everyone must buy before Pump
1. Solana Ape Club (SAC):
Inspired by the popular Bored Ape Yacht Club, SAC has a strong community and has seen significant price increases in the past.
2. Solana Doge (SOLDOGE):
A Dogecoin-inspired meme coin on the Solana blockchain, SOLDOGE has a large following and has experienced price surges.
3. Solana Pepe (SOLPEPE):
Drawing inspiration from the popular Pepe meme, SOLPEPE has gained traction and seen rapid price growth.
4. Solana Shiba (SOLSHIB):
Another Shiba Inu-themed meme coin on Solana, SOLSHIB has a dedicated community and has experienced price fluctuations.
5. Solana Cat (SOLCAT): A relatively new meme coin featuring cats, SOLCAT has shown potential and could be a sleeper hit.