✅This Week's Crypto News (May 16-21, 2024) ✅

🧰MARKET NEWS:

✅Bitcoin (BTC) surged above $70,000, breaching a key resistance level and showing potential to reach a new all-time high (ATH).

✅Ethereum (ETH) is on the rise due to the possibility of SEC spot ETF approvals.

✅Cryptocurrency investment products saw significant inflows last week, totaling $932 million. This indicates growing investor confidence.

✅Whale accumulations and market trends pushed Bitcoin above $70,000.

✅The overall cryptocurrency market is exhibiting sideways movement and has been experiencing some volatility recently. Analysts note that there is uncertainty in the market and investors are being cautious.

🧰SIGNIFICANT DEVELOPMENT:

✅MicroStrategy purchased another 12,000 Bitcoin, increasing its total Bitcoin holdings to 95,000.

✅Grayscale CEO Michael Sonnenshein resigned and was replaced by Michael Mintzberg.

✅The US Securities and Exchange Commission (SEC) sued crypto exchange Kraken.

✅FTX is looking to sit at the negotiating table with the US government.

✅Bitcoin mining revenues reached record highs due to the increasing hash rate and the rising Bitcoin price.

✅Cryptocurrency trading volume fell for the first time in seven months, indicating waning investor interest.

🧰OTHER NEWS

⭐️Shiba Inu (SHIB) price dropped 2.5% in the last 24 hours. Is it time to buy the dip?

⭐️Will XRP continue its rise with Ripple's latest moves?

$BTC $ETH $SHIB