Bitcoin Will Fly 🚀🚀 Because many are afraid of Bitcoin going down. The concept is like this If greed is high, many people will buy and sell. While the fear is high, many people are selling. That's the right momentum to buy. Investment is buying at a low price, selling at a high price, so don't be fomo when the price goes up. Instead be fomo when the price goes down.
You can see the graph when fear is high or neutral, bitcoin will fly up and when it is neutral, greed and extreme greed will fall I am Bullish For Bitcoin🚀🚀
Hong Kong is poised to approve the launch of new exchange-traded funds (ETFs) that will directly invest in Bitcoin and Ether potentially as soon as Monday. This key development, as reported by Bloomberg, involves key financial players, including an international branch of China’s Harvest Fund Management Co. and a partnership between Bosera Asset Management (International) Co. and HashKey Capital.
According to Bloomberg, the Securities and Futures Commission (SFC) of Hong Kong is to give the green light for these spot-crypto ETFs by month-end, contingent upon final arrangements with Hong Kong Exchanges & Clearing Ltd.
The anticipated approvals by the SFC are in line with Hong Kong’s efforts to position itself as a formidable hub for digital assets. The ETFs, spearheaded by prominent financial institutions including Harvest Fund Management and Bosera Asset Management, aim to replicate the booming success witnessed in the US, where spot Bitcoin ETFs have already amassed significant capital inflows.
CryptoSlate previously highlighted the progressive nature of these ETFs, noting their “in-kind creation model,” which could revolutionize the market by providing a more efficient and less risky way of managing assets. Unlike their US counterparts, this model would allow for the actual exchange of the cryptocurrencies themselves in the creation and redemption process, potentially reducing costs and improving liquidity.
Furthermore, the strategic launch of these ETFs is seen as a strategic move to capitalize on the burgeoning demand within the Asian financial markets. This comes at a time when the global acceptance of such financial products is seeing a substantial uptick, spurred by successful launches and significant inflows in the US. Since their introduction, US spot Bitcoin ETFs have seen tens of billions in net inflow, bolstering Bitcoin’s price surge.
The success of these ETFs could bring several benefits to the Hong Kong market.
$ADA $BTC $SOL #Bitcoin #cardano #Solana🚀 After $60K Crash, BTC ‘Will Continue Its Trend Higher,’ Says Mike Novogratz
Bitcoin slumped to around $60,900 from around $68K, shredding above 10.3% in the past day.
Solana, XRP, and ADA witnessed bigger losses exceeding 20%.
Mike Novogratz says after the recent risk flush, Bitcoin will continue its trend higher.
The crypto market witnessed a bloodbath in the last 24 hours, with Bitcoin slumping to around $60,900 from an intraday high of $67,900. While $7,000 BTC was ripped off by a 10.3% drop, the broader market witnessed more surprising losses. --------- In particular, cryptocurrencies like Solana (SOL), XRP, and Cardano (ADA) have witnessed larger losses exceeding 20% as Bitcoin retested the $60K threshold. This unexpected bear market condition has sparked various speculations about the cause by the crypto community. --------- In particular, the prevailing view suggests that the market is slumping in response to the growing global conflict, particularly between Iran and Israel. Billionaire Bitcoin investor Mike Novogratz, CEO of Galaxy, expressed this view in a recent post on X.
$MANTA Plunges Towards 2$ On News Iran Will Follow The Wars Taking Place In Israel And Hamas/Palistine.
I Think $MANTA Will Rise Again, Towards 3 or 4$ Because the price is discounted / very cheap, Manta is a very good project. and Rsi shows that the price is very cheap
$ENA Fall Touching 0.9$, But That's Just the Right Time to Buy Ena Because the Price is Too Cheap, I Think Ena Will Fly Up to 1.6$, That's Not Impossible Very Very Possible Because Ena Coin is Still Very New and Trending
#BTC Sekali Saja Bitcoin Menyentuh 73K Pasti Akan Banyak Yang Menjual dan Terkena Liquidasi $BTC Bitcoin Menjelang Halving Pasti Akan Banyak Yang Fomo Ini Hal yang Biasa
#Manta @Manta Manta Bakal Naik Kurang Lebih 30 Sampai 40% dalam 20 Sampai 30 Hari Kedepan Why Manta ? -Time Frame : 3 Hour -Ada Momentum Yang Bagus Yaitu Berada Di Daerah Support -Rsi Menunjukan Bahwa Harga sudah Terlalu Murah ----- Manta pun Hari Ini Sangat Ramai Di Perbincangkan Dan Menjadi Koin Populer Pada Binance Buy Manta 🔥
Tetap Riset Sendiri 👍 saya Sama Sekali Tidak Ada Posisi di Manta