Btc is going high who agree with me
#ETH
#BTC
#crypto2023
#Binance
#Layer2

The well-known crypto analyst and trader, Michael van de Poppe, posted a Twitter thread on Sunday wherein he shared his thoughts and expectations for certain altcoins in the crypto market. In addition to his thoughts regarding the cryptos, he also included some strategies he was considering when it comes to trading the discussed cryptos.

DEFI IS GOING MAINSTREAMS [Beware🎯]

Decentralized Finance (DeFi) is rapidly transitioning from the fringes of the cryptocurrency world to the forefront of mainstream finance, driven by several key factors.

Accessibility: DeFi's user-friendly interfaces and simplified onboarding processes have made it increasingly accessible to individuals with varying levels of technical expertise. This ease of use is drawing in a more diverse user base.

Institutional Involvement: Traditional financial institutions, including banks and investment firms, are recognizing the potential of DeFi. They are exploring partnerships and investments, bridging the gap between traditional finance and DeFi.

Tokenization of Real Assets: DeFi is expanding beyond cryptocurrencies to include tokenized versions of real-world assets like real estate, stocks, and commodities. This opens up new investment opportunities and attracts traditional investors.

Global Financial Inclusion: DeFi is reaching unbanked and underbanked populations worldwide, offering them access to a wide range of financial services, from loans and savings to investments.

Interoperability: DeFi protocols are becoming more interoperable, allowing users to move assets and liquidity seamlessly between different blockchain networks. This interconnectedness enhances the DeFi ecosystem.

Regulatory Engagement: As DeFi gains prominence, regulatory bodies are actively engaging with the industry. While this brings regulatory challenges, it also signals the growing recognition and legitimacy of DeFi in the eyes of governments.

As DeFi continues to evolve and address scalability, security, and regulatory concerns, it is well on its way to becoming a mainstream financial ecosystem. Its potential to democratize finance, increase accessibility, and redefine traditional financial systems makes it a transformative force in the world of finance.
#DeFigoesMainstream
#DeFiChallenge

Bitcoin is threatening to break the narrow range to the downside.

Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange Commission (SEC) said it’s legally possible for ETH to fall under the jurisdiction of both regulatory agencies.

Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission (CFTC) has claimed.

In the modern world, the community is not surprised by retail stores that accept BTC as a form of payment. In fact, when McDonald’s allowed customers to pay with BTC, the Twitter crypto community questioned when the other stores would start adopting this new revolutionary form of payment. Moreover, BTC’s fame was boosted when El Salvador’s President Nayib Bukele proposed to make the king of cryptocurrencies the legal tender of the country.

What is Bitcoin Pizza Day? It is the historic moment that marks the first real-time transaction conducted with Bitcoins, carving the path for future developments in the digital asset industry. On May 22, 2010 Laszlo Hanyecz purchased 2 large Papa Johns Pizza for 10,000 BTC!

XRP will first need to break out of the wedge chart pattern that has formed on its weekly charts, shared the trader.

EGRAG CRYPTO, a trader and analyst, shared what levels XRP’s price needs to break before it will rally.

DOGE’s price drop also resulted in the meme coin weakening against the two market leaders, Bitcoin (BTC) and Ethereum (ETH). At press time,

The crypto market tracking website, CoinMarketCap, indicated that DOGE was trading hands at $0.07343 after a small 0.05% price decrease over the past day. This meant that DOGE was trading closer to its daily low of $0.07323 than its daily high of $0.07396.

A crypto trader and analyst by the name of Crypto Rover shared in a tweet this morning that he is bullish on Dogecoin (DOGE) after the meme coin was able to print higher lows over the past few weeks. During the last 24 hours, however,

The crypto services company would raise funds at a valuation above $1 billion.

Hong Kong has taken initiatives to expand the city’s digital asset trade.

HashKey Group has planned to raise funds to flourish its crypto services in Hong Kong.

This Ripple comprehensive solution is designed to facilitate the issuance of CBDCs by central banks, governments, and financial institutions, offering a seamless end-to-end experience.

qAccording to the document, by harnessing the potential of the XRP Ledger (XRPL) blockchain technology, the enhanced platform empowers users to efficiently oversee and personalize every aspect of fiat-based CBDCs, including their life cycle, transactions, and distribution processes.

CryptoCapo described the rally from the bottom of December 2022 as an internal retracement and a correction. In more critical terms, he called it a bull trap, using the example of some people trying to make money by shilling projects without fundamental values. According to him, such people create meme coins that they later dump on their followers. He said,

The only purpose of this movement is to turn everyone bullish (they won’t achieve it with me), to be able to sell at higher prices, and have exit liquidity again.