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Bitcoin and Cardano Skyrocket With 716% Increase in Fund Flows Table of Contents Crypto News Bitcoin and Cardano Skyrocket With 716% Increase in Fund Flows ETH ADA BTC LINK By #BTC U_Today 26m ago • 2 mins read Table of Contents Cardano soars into spotlight Cover image via U.Today In the latest weekly review of fund flows by CoinShares, digital asset investment products experienced a significant increase in inflows, totaling $932 million. This represents a 716% rise from the previous week's $130 million. The notable surge followed a lower-than-expected CPI report on Wednesday, with the last three trading days of the week, contributing 89% of total inflows, indicating a renewed link between crypto prices and interest rate expectations. Bitcoin (BTC) was the primary recipient of these inflows, underscoring its position as the leading cryptocurrency on the market. Bitcoin ETFs saw inflows amounting to $942 million over the week.

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#ETHETFS $ETH #BlackRock The SEC’s decision this week on spot Ethereum ETFs will significantly impact the crypto market This week, the SEC will decide whether to allow or reject spot Ethereum ETFs. This move has drawn attention from prominent investing companies. The SEC's VanEck application deadline is May 23, followed by Cathie Wood's ARK Invest and 21Shares proposals the following day. BlackRock, Fidelity, Bitwise, Galaxy Digital, Franklin Templeton, and Hashdex are also interested in launching a spot Ethereum ETF. Most industry analysts expect the SEC to reject these petitions. This assumption is based on minimal SEC-ETF issuer contact. Rejection looks probable, although formal reasons remain unknown. Matt Hougan of Bitwise proposed rejection due to inadequate data. Lawyers like Scott Johnsson believe the SEC might classify Ethereum as an unregistered security in its order. Ethereum's market performance has been affected by the ruling. Ethereum reached an annual low of 0.044 BTC vs Bitcoin on May 16. It has gained 6% since then, but sentiment is pessimistic. Ethereum trades at $3,104, per CoinGecko. The bitcoin market depends on the SEC's judgment. Releasing a spot Ethereum ETF might boost institutional investing and popular adoption. Rejection may reveal regulatory concerns. The SEC has been wary about spot ETFs due to market manipulation and monitoring issues. Many Bitcoin ETF applications have been denied due to these reasons. Analysts think the Ethereum ETF plans may have similar issues. The cryptocurrency market would suffer if the SEC declares Ethereum an unregistered security. This categorization would effect U.S. Ethereum trading and regulation and ETF approvals.

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#BTC #BTC Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently reached a high of $67,654. Key support is observed at around $56,500, a level tested during the most recent dip. Despite the strong bullish momentum signaled by multiple large upswings, there is noticeable selling pressure near the recent highs, as evidenced by the dips that followed. Volume fluctuations align with significant price movements, suggesting active market participation.

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#PEOPLE/USDT SELL SHORT ✅ Entry 0.03900 Leverage 10X TP 1: 0.03860 TP 2: 0.03801 TP 3: 0.03703 TP 4: 0.03587 🛑✋ Stop Loss: 0.04011 Please use 10% from your capital Manage your risk🛑 Play safe Risk is too high🔥 Wait for the entry #write2earn🌐💹

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#1000PEPE/USDT SELL SHORT ✅ Entry 0.0114611 Leverage 10X TP 1: 0.0111858 TP 2: 0.0109406 TP 3: 0.0108000 TP 4: 0.0107380 🛑✋ Stop Loss: 0.0118511 Please use 10% from your capital Manage your risk🛑 Play safe Risk is too high🔥 Wait for the entry #write2earn🌐

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