In this great greed and bullish sentiment we must anticipate market manipulation and pay attention to Powel's speech who can leave many positions trapped. EVERYTHING FOCUSES on the projections of rates and interest in just 2 hours more$BTC $ETH
PS: ELECTION TIME IN THE USA and the Trump memes will benefit the most according to psychological analysis of the market.
The cryptocurrency market is closely following the advance of Bitcoin (BTC), which surpassed the $71,000 mark, positioning itself very close to the hammer record, when it touched $74,000. Bitcoin and its bullish values Most specialists assure that this new upward trend occurs from the inflow of capital into Bitcoin exchange-traded funds (ETFs). These instruments allow institutional and retail investors exposure to the largest capitalization cryptocurrency without owning it directly and through regulated markets. These include funds from BlackRock, Ark Investments, 21 Shares, Fidelity, Invesco and VanEck, Grayscale, Bitwise and Hashdex, among others. The massive inflow of money into ETFs reached $880 billion in one day, the best performance seen since March. Eric Balchunas of ETF Bloomberg noted that spot BTC exchange-traded funds have accumulated more than $15 billion so far this year. This figure rivals traditional funds such as the SPDR S&P 500 ETF Trust (SPY) and the Vanguard S&P 500 ETF (VOO). What other cryptocurrencies rose Bitcoin's good momentum also transferred to other cryptocurrencies Bitcoin(-0.12%)u$s 70,907.00Ethereum(1.35%)u$s 3,863.40Solana(0.27%)u$s 173.46Ripple(-1.05%)u$s 0. 53Cardano(-0.41%)$0.46Avalanche(0.21%)
#Bitcoin #Binance #Ethereum Biden campaign interacts with crypto experts The turnout effort, which began about two weeks ago, highlights a strategic pivot by Biden's team as it navigates a potentially tight re-election bid. Several reports noted that the campaign has reached out to crypto experts, including industry figures previously shunned by Biden. This outreach aims to understand the perspectives of the crypto community and shape policies that could resonate with a broader voter base.
Trump embraces digital assets The Biden campaign's commitment to the crypto community comes in the wake of the Trump campaign's recent pro-crypto stance. On May 21, the Trump campaign announced that it would accept donations in cryptocurrency, a notable change from former President Donald Trump's previous criticism of digital currencies. Trump's comments at the 2024 Libertarian National Convention further underscored the evolution of his vision, as he expressed support for cryptocurrencies and opposition to central bank digital currencies (CBDCs).
Biden's changing stance on cryptocurrencies The Biden administration's recent overtures toward the crypto sector signify a possible softening of its stance, despite a previous “whole of government” approach against the industry. This change is influenced by several key events: Possible SEC Approval of Spot ETH ETFs: The US Securities and Exchange Commission (SEC) is reportedly considering approving spot ether exchange-traded funds (ETFs). This move, if realized, would mark a significant change for an asset class previously viewed with skepticism.
$ETH It's a "legitimate possibility" that ETH ETFs will debut in June
BlackRock updated its S-1 form for its Ether spot ETF, which analysts say is a "good sign" that issuers and the SEC are working on the ETFs' debut.
Ether Exchange Traded Funds (ETFs) in the United States have a "legitimate chance" of debuting in late June, after BlackRock updated a key document needed for the launch, according to analysts. On May 29, BlackRock updated its S-1 form for its iShares Ethereum Trust (ETHA) with the Securities and Exchange Commission nearly a week after the regulator approved its 19b-4 filing, both needing approval for the ETF to begin. to quote. "Good sign. We'll probably see the rest soon." Bloomberg ETF analyst Eric Balchunas said in a post on X on May 29. #EarnFreeCrypto2024 #Ethereum
they are not acting as if the BTC price has reached its all-time high of $73,800 In new research published on May 28, on-chain analytics firm Glassnode showed that selling pressure on older coins is only half as intense as at previous bull market peaks.
Bitcoin investors refrain from taking profits
Long-term Bitcoin (LTH) holders continue to resist the temptation to take profits, even with the BTC price near $70,000. Despite having an average profit of 3.5x, LTH wallets are not selling BTC at a rate that would make the current bull market unsustainable. #EarnFreeCrypto2024 #Bitcoin #USDC
1. Price: The price of XRP has experienced some volatility in recent months, influenced by factors such as market sentiment, regulatory news, and developments on the Ripple network.
2. Adoption: Ripple continues to work on expanding the adoption of XRP through partnerships with financial institutions and payment providers. However, mass adoption is still in the process and varies by region and sector.
Both Ripple (XRP) and Cardano (ADA) have seen their prices rise above $3, but never reached $4 or $5 due to price volatility and various economic sentiments. This was especially true for the Ripple coin, whose network went through regulatory challenges that drastically affected its value. While hope is brewing for a rally in the altcoin market, Ripple and Cardano coins are on track to possibly reach $5 in this year's bull run. Meanwhile, Rollblock (RBLK), a new token from GameFi, is expected to reach this price before XRP and ADA.