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#Bitcoin hits $69K as #BlackRock boosts Wall Street's $BTC footprint. Bitcoin price continues above the November 2021 supply zone of $58,375–$65,518. The BTC ETF market has additional players because BlackRock permitted more participation. BTC's 60-day correlation with altcoins dropped to multi-year lows in Q1 2024 compared to 2023 and 2022. Bitcoin (BTC) broke $68,000 entering the weekend. Analysts expect a pullback before the next run north, so this directional bias may not last. According to sources, BlackRock is attracting more ETF participants. BlackRock boosts Wall Street's Bitcoin footprint. Bitcoin reached $68,756 on Friday before a pullback. The immediate reaction was horrible, coming on the same day as US unemployment figures. However, rumors that BlackRock, which provides the IBIT ETF, is adding players lifted sentiment. The IBIT BTC ETF now includes Goldman Sachs, Citadel, UBS, and Citigroup as permitted participants. Due to "supply shortages on exchanges," the largest banks are directly contacting Bitcoin miners to acquire Bitcoin, according to Hut8 Mining CEO Asher Genoot. Genesis sold $2.1 billion of its Grayscale Bitcoin ETF as banks approached miners. Coinbase said Bitcoin “dips are likely to be more aggressively bought” due to new investors wanting digital gold. This suggests a supply shock. In addition, Kaiko Research reports that Bitcoin price's 60-day correlation with altcoins fell to multi-year lows in the first quarter of 2024 compared to 2023 and 2022. Bitcoin price remains above the weekly supply zone of $58,375–$65,519. The 200-day Exponential Moving Average provides quick support. BTC might recapture its $73,777 top if bulls can push it above $69,000. The Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators are strong, supporting the bullish Relative Strength Index (RSI) above the 50 mean line However, if sellers play and pull Bitcoin price below the median of the supply zone around $61,947, the slump will continue. Bitcoin price might provide another purchasing chance at $60,000 or lower.

#Bitcoin hits $69K as #BlackRock boosts Wall Street's $BTC footprint.

Bitcoin price continues above the November 2021 supply zone of $58,375–$65,518.

The BTC ETF market has additional players because BlackRock permitted more participation.

BTC's 60-day correlation with altcoins dropped to multi-year lows in Q1 2024 compared to 2023 and 2022.

Bitcoin (BTC) broke $68,000 entering the weekend. Analysts expect a pullback before the next run north, so this directional bias may not last. According to sources, BlackRock is attracting more ETF participants.

BlackRock boosts Wall Street's Bitcoin footprint.

Bitcoin reached $68,756 on Friday before a pullback. The immediate reaction was horrible, coming on the same day as US unemployment figures.

However, rumors that BlackRock, which provides the IBIT ETF, is adding players lifted sentiment.

The IBIT BTC ETF now includes Goldman Sachs, Citadel, UBS, and Citigroup as permitted participants. Due to "supply shortages on exchanges," the largest banks are directly contacting Bitcoin miners to acquire Bitcoin, according to Hut8 Mining CEO Asher Genoot. Genesis sold $2.1 billion of its Grayscale Bitcoin ETF as banks approached miners.

Coinbase said Bitcoin “dips are likely to be more aggressively bought” due to new investors wanting digital gold. This suggests a supply shock. In addition, Kaiko Research reports that Bitcoin price's 60-day correlation with altcoins fell to multi-year lows in the first quarter of 2024 compared to 2023 and 2022.

Bitcoin price remains above the weekly supply zone of $58,375–$65,519. The 200-day Exponential Moving Average provides quick support. BTC might recapture its $73,777 top if bulls can push it above $69,000.

The Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators are strong, supporting the bullish Relative Strength Index (RSI) above the 50 mean line

However, if sellers play and pull Bitcoin price below the median of the supply zone around $61,947, the slump will continue. Bitcoin price might provide another purchasing chance at $60,000 or lower.

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Standard Chartered Analyst Says Bitcoin Will Reach New ATH Above $73,700, You Won't Believe The Timeline Standard Chartered analysts anticipate Bitcoin might reach fresh highs over $73,700. This prediction is somewhat higher than the cryptocurrency's last peak and has an unexpectedly ambitious timescale. Bitcoin, the world's biggest cryptocurrency, is expected to rise, according to Standard Chartered's Geoff Kendrick. Kendrick told TheBlock in an email that Bitcoin would break out of its all-time high on March 14, 2024, and skyrocket to $73,798. The expert predicts Bitcoin will reach the price objective by the weekend in current bullish rise. Spot Bitcoin ETF inflows may explain this price surge, according to Kendrick. Early on May 21, Farside investors reported Spot Bitcoin ETFs' strongest inflow week in two months. IBIT, BlackRock's Bitcoin Trust ETF (IBIT), had the greatest inflows of $290 million. Since January 11, Spot Bitcoin ETFs have received almost $13 billion in inflows. This increasing demand and money, which helped Bitcoin reach a new all-time high in March, might spur future gains. Kendrick also said that the SEC's approval of Ethereum Spot ETFs might significantly affect Bitcoin's price. The researcher predicts Bitcoin will soar to $150,000 by 2024 and $200,000 in 2025. Bitcoin is now selling at $70,013, down 1.39% in 24 hours, according to CoinMarketCap. Over the previous week, the cryptocurrency has seen regular price spikes, leading to a 12.86% rise. According to popular crypto researcher Michael van de Poppe, Bitcoin is up over 20% from its $56,000 lows earlier this year. The SEC's approval of Spot Bitcoin ETFs caused a big price increase for the pioneer cryptocurrency, thus an Ethereum Spot ETF might raise its price further. Crypto expert Ali Martinez believes Bitcoin has high price potential and fundamentals, indicating a bullish breakout. #pizzaday #BTC #buythedip #btc70k $BTC
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Can You Buy Bonk Now That a Multi-Millionaire Trader Is Predicting a Rally? Despite a 0.5% decline in the overall cryptocurrency market over the last 24 hours, the price of Bonk has increased by over 1% today, hitting $0.00003187. BONK, the meme token based on Solana, has risen by an astounding 7,900% in a year, as well as 31% in a week and 54% in a month. Indicators for Bonk indicate a decrease in momentum, suggesting a little correction after the recent surge. In instance, the purple relative strength index (RSI) of the coin has fallen from 85 on Sunday and Monday to around 50 today, and there is still lot of space for the currency to fall until it is clearly oversold. Although it isn't climbing quite as rapidly today, the 30-day average (orange) is still growing gradually beyond the 200-day average (blue), so its other indications don't seem too awful either. An encouraging development is that BONK's volume has increased from $180 million a few days ago to slightly over $800 million, maintaining a high level. Support (green) and resistance (red) levels for BONK are both going up, which is positive since it means the currency will likely trade in an upward band. As fresh statistics shows, a large portion of the coin's rising circulation is attributable to whales' rekindled interest. Given that the market as a whole seems to be beginning a new bull phase, this level of interest may last for some time. The reason for this is because tomorrow is the deadline for a batch of spot-based Ethereum ETFs, and it seems like the SEC is prepared to approve many of them. Approval won't have an immediate impact on BONK pricing, but it will increase optimistic sentiment in the market, which is good news for Bonk. When compared to other meme tokens, BONK seems to have a better chance of seeing a rise in the near future, according to some traders. Therefore, the Bonk price may hit $0.000035 in the next weeks, with a possible return to its all-time high of $0.00004547 by the end of the fourth quarter. #pizzaday #BONK $BONK #altcoins #BinanceLaunchpool
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🔶BINANCE SQUARE CREATOR AWARDS 2023🔶 🏆CREATOR OF THE YEAR - INDIVIDUAL 🏆EXCELLENCE AWARD - TOP VOICE 💪I am proud to receive both awards. 🙏Thank you @null for honoring me in this way. @Binance Global Türkçe @CZ #Binance #BinanceSquare #BinanceLaunchpool $BNB
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Ethereum Had The Biggest One-Day Point Move Ever On Ethereum's one-day point rise was the biggest ever on May 20, after SEC approval rumors this week. Rada Mateescu Rada MateescuAuthor verified May 22, 20242 reads Ethereum made the biggest one-day point change ever. The SEC may approve ETH ETFs this week, prompting the move. Ethereum has the greatest one-day point shift ever, according to Matrixport. This follows various rumors that the SEC may authorize ETH ETFs this week. Matrixport reports May 20 as the biggest one-day point. Matrixport said the SEC and FOMC meeting might spur Ethereum ETF approval. They presented an X graph of Ethereum's 2021 and 2024 one-day point changes. Bloomberg's James Seyffart stated on his X account earlier today that at least five Ethereum ETF producers had filed updated applications to CBOE. Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin Templeton. Seyffart said that crypto items may be too far off to debut. In contrast, these documents confirm all speculations and conjecture concerning the matter. Syeffart also said that crypto product Bloomberg clearance probability remain at 75%. On May 20, Bloomberg's Eric Balchunas and Seyffart upgraded Ethereum ETF approval probability from 25% to 75%. Political pressure may be the cause, he suggested. Standard Chartered Bank Head of FX Research and Digital Assets Research Geoff Kendrick also expressed confidence for SEC Ethereum ETF approval. Recent predictions from Coin*** include crypto product clearance. In an official blog post, they stated that ETH's past trading patterns suggest it benefits from “store-of-value” and “technology-token” storylines. They also claimed Ethereum According to Decrypt, Coin**** said that “while there is uncertainty around a timely approval given the SEC’s apparent silence with issuers,” a crypto product will soon enter the market. According to official sources, the US SEC will rule on VanEck and Ark Invest petitions tomorrow, May 23, and Friday, May 24. #ETHETFS #altcoins #btc70k $ETH
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With fresh prospects for ETF clearance, PEPE achieves new heights and the price of ETH jumps Speculation over the possible acceptance of spot Ether exchange-traded funds (ETF) in the United States drove the 27% jump to a new all-time high in the previous 24 hours for the Ethereum-based memecoin Pepe. In an article on May 21st, crypto trader Matthew Hyland said that PEPE is likely the most suitable memecoin investment for the ETH ETF. One of the most blatant hindsight trades is PEPE, which is moving in tandem with ETH, as the pseudonymous crypto trader "Kaleo" pointed out. In an unexpected turn of events for analysts and the crypto sector, there is fresh optimism that the U.S. Securities and Exchange Commission (SEC) is working to approve spot Ether ETFs by a May 23 deadline. As a result, Ether (ETH $3,735) has jumped 23.28% in the previous two days to $3,785. Data from CoinMarketCap shows that Pepe (PEPE) has risen 23.48% in the last 24 hours, trading at $0.00001387. An anonymous crypto trader named "Plazma" predicts that PEPE's rising trend will continue, with minor episodes of volatility interspersed throughout. PEPE price discovery is expected to continue over the next weeks, interspersed with the expected short pauses and pullbacks. They said in a post on May 21st that they would be at 2x-3x in a matter of weeks. Meanwhile, data from CoinGlass shows that the open interest (OI) in PEPE, which is a measure of the total value of all outstanding PEPE futures contracts across crypto exchanges, increased by 40% to $172.96 million in the previous 24 hours. A large number of traders are in long positions, which is a common indicator of increased confidence among cryptocurrency traders as the OI rises. The company would sell off $10 million worth of long holdings if PEPE's stock fell 6 percent. Among the top ten memecoins by market size during the last 24 hours, PEPE saw the largest price increase, while other prominent memecoins also had substantial price rises over the last week. #ETHETFS #pepe $PEPE #buythedip #pizzaday
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