#Bitcoin❗

BTCUSDT: The price surge is over!

After a little upward reversal, BTCUSDT is now back on its downward trajectory. With a loss of about 1%, BTCUSDT is currently trading at $61,500 on the 1D chart. There is still bearish momentum evident in the short-term trend.

#bitcoin☀️

BTCUSD: Sideways movement is still present!

Greetings, traders!

As can be seen from the chart, BTCUSD previously formed a breakout over $62,000, then rapidly neared the $64,000 mark and had a rejection. In particular, it appears that when the two BB lines begin to narrow on, market moves are still very quiet. 👍

#BTC☀
The short-term sales plan is now active!
Greetings, traders! Right now, Bitcoin is trying to move back up to $64,000, which is a resistance level. But! The chart indicates that the short-term 2 harmonic top has obviously formed a bearish picture, which is why the bulls are retreating.

'Vol Lethargy' Characterizes Bitcoin's Retreat From $70K. According to Brickell, a further surge in Bitcoin to above $70,000 will probably increase the implied volatility index of DVOL and spark a renewed market for options. During this bull cycle, there has been a favorable correlation between the price of Bitcoin and the DVOL index.

BitoGroup and Far Eastern International Bank have partnered to introduce the bank's first cryptocurrency-friendly account.

The world's first dedicated bank account for #cryptocurrency will be launched by BitoGroup in collaboration with Far Eastern International Bank, the company revealed. BitoGroup started providing services to financial institutions two years ago, becoming the first cryptocurrency exchange to partner with financial institutions, as the use of cryptocurrencies by international institutions keeps growing.

Will #Bitcoin soon hit $100,000?

Notably, within the last 12 months, the value of Bitcoin has increased by over 100%, exhibiting amazing growth. With Bitcoin hitting an all-time high of $73,835.57 on March 14, 2024, there was hope for a possible rise towards the coveted $100,000 milestone.

In 2025, how high might Bitcoin rise?
Bitcoin Price Forecast for 2024–2030: Minimum / Maximum Price: $82,000–$85,000 in 2024🚀
$110,000 to $115,000 in 2025 🚀🚀

$BTC

#Ethereum 2.0 investigation closed, according to crypto company Consensys and a US regulator.

The blockchain system Ethereum 2.0 has been the subject of a U.S. Securities and Exchange Commission investigation that has concluded, according to a late-Tuesday statement from cryptocurrency startup Consensys on social media (X).

Regarding the regulation of the Ethereum blockchain, the company sued the U.S. Securities and Exchange Commission in April, requesting an injunction.

Joseph Lubin, the founder of Consensys, called the SEC's decision to end the investigation "a significant victory" for Ethereum on Wednesday.

Trump Says He Will Put An End to Joe Biden's "War on Crypto"

The notable expansion of the #cryptocurrency sector has garnered attention in the current political and investment conversation. Former President Donald Trump recently pledged, if reelected, to put a stop to what he called President Joe Biden's "War on Crypto" in a speech in West Palm Beach, Florida.

As it begins to cover MicroStrategy, Bernstein says that Bitcoin might reach $1 million within ten years.

#Bitcoin {{BTC}} is expected to reach a cycle-high of $200,000 by 2025 and $1 million by 2033, according to Bernstein, which also started covering software developer MicroStrategy, the largest corporate owner of the largest cryptocurrency, with an outperform rating.


$BTC

After the Fed forecasts a single rate cut in 2024, 10x Research advises sticking with #bitcoin

"We still advise sticking with the winners (Bitcoin) and avoiding the losers (such as Ethereum)." A lower CPI statistic typically leads to higher Bitcoin prices, as demonstrated by our prior research, and we believe this tendency will continue," 10x Research founder Markus Thielen wrote in a message to clients on Thursday.

The momentum behind such rallies has been depleted by the Fed's revised upward revision of its growth estimates, which Powell later reaffirmed in his press conference. At 19:00 UTC, Bitcoin {{BTC}} was back at $67,300, unchanged from the previous day. US Treasuries and equities ended the day higher, although they were still far below session highs.
#bitcoin

The price of the #cryptocurrency stabilized until encountering bearish pressure, which caused it to drop below $3,500 after gaining from $3,000 to $3,800 following the introduction of Ethereum spot ETFs. The tiny dip in Bitcoin, which carried the entire cryptocurrency market down with it, was the main driver of this decline. As of right now, the cryptocurrency appears to be stabilizing and showing signs of increased buyer interest. As of the publication of this article, the value of one Ether is just over $3,500. It is now below the $3,800 threshold, which denotes the control point that has been identified since its previous rebound.

Tuesday night at Mar-a-Lago, a number of #Bitcoin miners met with former President Donald Trump, according to Matthew Schultz, executive chairman of the cryptocurrency mining startup CleanSpark Inc. According to Schultz, Trump informed the guests that he is passionate about and knowledgeable about cryptocurrencies and that Bitcoin miners contribute to the grid's stability. Schultz continued, "Trump stated he would support miners in the White House."

"This Is Still Altcoin Season, But Bitcoin's Next Move Could Be $100,000," Analysts Forecast #Ethereum and BlockDAG Network Takeover