FYI: 🟠 Over a 4 year window, Bitcoin has never had negative fiat returns. Bitcoin’s money you can save for the future. 💪

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⚠️ DOGE Price: Whales Shuffle 767 Mln Coins Via Robinhood, What’s Next? In a shockwave curating development witnessed today, May 7, Dogecoin whales have once again nabbed significant attention, shifting nearly 767 million coins amid DOGE’s price slip. Coming in tandem with Robinhood’s receiving of a Wells notice by the U.S. SEC (Securities and Exchange Commission), the massive amounts of DOGE tokens shuffled from the crypto exchange took the broader crypto market by storm. These massive whale transactions follow remarkable gains noted by Dogecoin recently, primarily imputed to Tesla’s acceptance of DOGE as a payment method. Collectively, this chronicle has stirred a whirlpool of speculations among crypto market participants over future price movements as DOGE’s price trajectory illustrated a noteworthy dip today. Topping the $0.16 mark briefly in the past 24 hours, the token again slipped to the $0.15 level, aligning with broader market trends. 🔺 Whales Shuffle 767 Mln DOGE Via Robinhood: Report According to the insights streamlined by Whale Alert, 767 million DOGE was collectively shifted through 4 massive transactions in the past 24 hours. While a majority of these transactions illustrated the accumulation of DOGE tokens, a colossal dump undermined these accumulations. Notably, data spotlighted three DOGE accumulations by unknown addresses, worth 79.18 million, 123.81 million, and 163.92 million DOGE tokens. On the other hand, 400 million DOGE was moved to Robinhood by an unknown address, birthing contrasting sentiments over Dogecoin’s price action ahead. In light of Robinhood receiving a Wells notice from the U.S. SEC, a notice that means that the regulatory body plans to bring an enforcement action against Robinhood’s crypto businesses for violating securities laws, these transactions have garnered additional interest. Also, Elon Musk’s Tesla recently integrated Dogecoin as a payment method, but only through DOGE wallets, adding to speculations about the potential motives for these transactions. $DOGE #DOGE #Dogecoin

❓❓Is The Bitcoin ETF Rally Over? Hare Are The Top Reasons Behind Recent Market Slowdown The crypto market’s recent rally, driven largely by the surge of inflows into cryptocurrency exchange-traded funds (ETFs), seems to be losing momentum. As per the Kaiko Report, here’s what could be causing this shift and what it might mean for investors. 🔺 The ETF Rally Stalls ETF inflows have been a significant driver of the crypto market’s recent rally, registering billions of dollars since their launch in early January. However, the ETF inflows and the broader Bitcoin rally have lost some steam since April. Last week, BlackRock’s IBIT, a prominent ETF, registered its first-ever daily outflow of $37 million, breaking a streak of 71 consecutive days of inflows. Similarly, net flows across all ETFs have steadily declined since January. 🔺 Factors Contributing to the Slowdown Several factors could be contributing to this slowdown. Firstly, the initial excitement surrounding the launch of Bitcoin ETFs might be fading as investors become more cautious. Secondly, broader market conditions, including interest rate policies and economic data, affect investor sentiment. Despite the recent slowdown, there are some reasons for optimism. The downturn in ETF inflows seemed to reverse on Friday, with Grayscale’s GBTC and other ETFs seeing strong inflows after cooler-than-expected U.S. jobs data revived hopes of a potential rate cut from the Federal Reserve. This marked the first time that GBTC saw positive inflows, indicating a potential resurgence of investor interest. On a global scale, competition in the ETF market is heating up. Last week, three mainland Chinese asset managers—Bosera Asset Management, Harvest Global Investments, and China Asset Management—launched Bitcoin and Ethereum spot ETFs in Hong Kong. Although the combined trading volume of $12.7 million on the first day was significantly lower than the $4.6 billion traded by U.S. spot ETFs on their launch day, it’s important to note that the Hong Kong ETF market is considerably smaller than its U.S. $BTC #BTC #ETF

🚀 Top Reasons Why Bitcoin Price Reaching $150K Might Be a Long Road Ahead Mike McGlone provided several reasons why it might take time for Bitcoin to hit $150,000. Firstly, he noted Bitcoin’s underperformance compared to the S&P 500 and NASDAQ over the past few years, suggesting a need for improvement. Additionally, McGlone emphasized the importance of Bitcoin performing well against traditional markets and highlighted the potential launch of Ethereum ETFs. He also discussed the enduring trend of Tether being the most widely traded cryptocurrency, serving as a stable digital representation of the US dollar. Moreover, McGlone mentioned the impact of taxes on cryptocurrency transactions and the need for regulatory compliance. Furthermore, he pointed out current market signals indicating deflationary pressures, especially in historical patterns following periods of significant inflation. McGlone cautioned about the potential for a stock market correction leading to deflation and emphasized the Federal Reserve’s potential role in such a scenario. However, he also acknowledged the risk of short-term deflation being followed by inflation, particularly given expansive monetary policies. 💬 He said, “𝙏𝙤 𝙢𝙚, 𝙞𝙩’𝙨 𝙟𝙪𝙨𝙩 𝙖 𝙢𝙖𝙩𝙩𝙚𝙧 𝙤𝙛 𝙩𝙞𝙢𝙚 𝙩𝙝𝙖𝙩 𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙀𝙏𝙁𝙨 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙡𝙖𝙪𝙣𝙘𝙝𝙚𝙙, 𝙗𝙪𝙩 𝙩𝙝𝙚𝙧𝙚’𝙡𝙡 𝙗𝙚 𝙥𝙧𝙤𝙗𝙡𝙚𝙢𝙨 𝙞𝙣 𝙩𝙝𝙚 𝙢𝙚𝙖𝙣𝙩𝙞𝙢𝙚. 𝘽𝙪𝙩 𝙩𝙤 𝙜𝙚𝙩 𝙩𝙤 $150000, 𝙄 𝙩𝙝𝙞𝙣𝙠 𝙩𝙝𝙖𝙩 𝙢𝙚𝙖𝙣𝙨 𝙩𝙝𝙖𝙩 𝙢𝙖𝙮𝙗𝙚 𝙩𝙝𝙚 𝙎&𝙋 500 𝙣𝙚𝙚𝙙𝙨 𝙖𝙣𝙤𝙩𝙝𝙚𝙧 30%.” $BTC #BTC #Bitcoin

⚠️ Litecoin Rebounds Strongly: Surges After Testing Multi-Month Lows! Litecoin rebounded strongly from a multi-month low near $80, indicating robust support in the market.Active addresses associated with Litecoin surged to a two-month high, suggesting increased user engagement and potential bullish momentum.Open Interest data saw a significant uptick, rising nearly 50% to $440 million within a week. Litecoin (LTC) has recently shown resilience as it encountered robust support levels near a multi-month low, followed by a notable rebound after dipping below the crucial $80 mark. This upward momentum reflects a potential shift in sentiment within the cryptocurrency market. One significant indicator of this positive turnaround is the surge in active addresses, reaching a two-month high according to data from a reputable financial platform. This surge suggests heightened user engagement, a factor often associated with bullish price movements. Additionally, there has been a substantial increase in Open Interest (OI) data, indicating a bullish sentiment among market participants. The value of open contracts has seen a significant uptick, signaling a broader market recovery and hinting at Litecoin’s potential for an early rebound. Moreover, the percentage of Litecoin’s total supply currently in profit has been steadily rising, reaching 55.6%. This metric indicates the potential for further price appreciation, as a smaller percentage of total supply in profit typically implies room for growth. Overall, Litecoin appears to be stabilizing at a support level consistent over several months, attracting significant investor interest. For short-term traders, potential profit-taking zones are identified around the $90 and $100 levels. This suggests a favorable outlook for Litecoin’s performance in the near future, provided market uncertainties are mitigated. In the technical realm, support levels for Litecoin are identified at $80.07 and $77.27, with resistance anticipated at $90.37 and $94.27. $LTC #LTC #Litecoin

🔥 Crypto Whales Buy Ripple’s XRP Before Bullish Breakout Ripple’s XRP price is following the path of the target set by a bullish triangle pattern it has been trading in. With the support of XRP holders, the altcoin is inching closer to achieving the upside target. 🔺 Ripple Whales Buy More XRP price could witness the bullishness that Ripple whales exhibit with their accumulation. In the last seven days, the addresses holding between 1 million and 10 million XRP have purchased over 90 million tokens worth $48 million. Consequently, this brought their total holdings to 3.7 billion XRP. These whale addresses tend to influence price action considerably, as they have in the past. Accumulations generally lead to recoveries and rallies, whereas selling results in the altcoin noting corrections. In the case of Ripple, it is likely the former, bolstering the altcoin’s attempt at marking recovery on the daily chart. Retail investors, too, are showing support for a price rise, with their participation growing over the past week. The number of addresses conducting transactions on the network has risen by 28.8%, suggesting investors are pining for further price growth. This optimism shown by Ripple native token holders could act as a major catalyst for the XRP price to sustain its recent rally and grow further in the coming days. 🔺 XRP Price Prediction: Breakout XRP price, trading at $0.54, is noting a bounce from the support line at $0.51. This level also marks the breakout point from a symmetrical triangle pattern where XRP has been consolidating for nearly three weeks. This bullish pattern suggests a potential 27% rally to $0.65 is on the cards. However, to make it there, the altcoin must first breach and flip the resistances at $0.57 and $0.62 into support. Propelled by the Ripple investor’s bullishness, $0.57 could be breached in the coming days, securing a 7% rally for XRP. On the other hand, if the crucial support of $0.51 is lost, XRP price could fall to $0.47. If this support is also lost, it would invalidate the bullish outlook. #XRP $XRP #Ripple

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